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

Price Action

• Last: 8660,
• 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: UTrend,
• (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: 8889 Down Trend,
• (Long-Term) 100 Day: 8497 Up Trend,
• (Long-Term) 200 Day: 7935 Up Trend.

Overall Rating

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

Key Insights Summary

The weekly structure shows a large-range corrective phase after a sharp rally into the 9000 area, with price now trading back inside the 2026 yearly NTZ and below the short-to-intermediate benchmark cluster around 8727 to 8889. The short-term pivot trend remains upward, but the higher-timeframe HiLo pivot trend has rolled over, reflecting a mixed swing profile rather than a clean trend continuation. The market is sitting between the 9092/9225 resistance band and the 8496/8305 support zone, which keeps the tape in a broad consolidation-to-retracement context. Long-term structure still leans constructive because price remains above the rising 100-day and 200-day benchmarks, while the recent selloff from the highs and rebound from the 7216 pivot low show an active higher-volatility swing cycle with alternating thrusts and retracements.