SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-20 07:06 CT

Price Action

• Last: 8530,
• Bars: Large,
• Mom: fast.

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 Low 8521,
• 4. Pvt. Next: Pvt High 8750,
• 5. Levels R: 9241, 9092, 8925,
• 6. Levels S: 8512, 8305, 7394, 7216, 7173.

Daily Benchmarks

• (Short-Term) 5 Day: 8604 Down Trend,
• (Short-Term) 10 Day: 8677 Down Trend,
• (Intermediate-Term) 20 Day: 8711 Down Trend,
• (Intermediate-Term) 55 Day: 8761 Down Trend,
• (Long-Term) 100 Day: 8816 Down Trend,
• (Long-Term) 200 Day: 8838 Down Trend.

Additional Metrics

• ATR: 96,
• VOLMA: 30857.

Overall Rating

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

Key Insights Summary

The daily structure remains dominated by downside momentum, with the latest price trading well beneath all benchmark moving averages and below the prior pivot support band. Swing pivots are in DTrend, and the pivot sequence shows a strong lower-low / lower-high profile after the failed rebound from the May pivot zone. The latest selloff has pushed price back toward the 8512 to 8521 support area, with the next major downside reference at 8305. On the upside, resistance is layered overhead at 8750, then 8925, 9092, and 9241, creating a wide overhead supply zone. The monthly and longer-term fib grids remain neutral in structure, but the daily tape is clearly trending bearish with fast momentum and expanding daily range behavior relative to recent bars, reflecting a continuation-style decline rather than a consolidation phase.