SPI ASX SPI 200 Index Futures Weekly Chart Analysis: 2026-May-19 07:07 CT

Price Action

• Last: 8600,
• Bars: Large,
• Mom: average.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month May

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 9092,
• 4. Pvt. Next: Pvt Low 8496,
• 5. Levels R: 9225, 9092,
• 6. Levels S: 8305, 7216, 6883, 6514, 6397.

Weekly Benchmarks

• (Short-Term) 5 Day: 8792 Down Trend,
• (Short-Term) 10 Day: 8727 Down Trend,
• (Intermediate-Term) 20 Day: 8813 Down Trend,
• (Intermediate-Term) 55 Day: 8689 Down Trend,
• (Long-Term) 100 Day: 8497 Up Trend,
• (Long-Term) 200 Day: 7935 Up Trend.

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Neutral,
• Long-Term: Bullish.

Key Insights Summary

Weekly price is in a corrective phase after a strong push to the 9092-9225 resistance zone, with the latest swing structure shifting to a DTrend and the next pivot projecting a lower low at 8496. The market is trading below the 5, 10, 20, and 55 day benchmarks, showing short-to-intermediate pressure, while the 100 and 200 day benchmarks remain in up trends, keeping the broader secular structure constructive. The year-to-date and monthly session boxes sit above the long-term moving averages, reflecting a market that has already completed a major rally and is now digesting gains through a high-volatility retracement. Swing levels at 8305 and 7216 define the current downside map, while 9092 and 9225 remain the key overhead reference points from the prior impulse leg. Overall, the chart shows a large weekly swing within a broader uptrend, but current price action is behaving like a pullback and consolidation phase after an extended advance.