SPI ASX SPI 200 Index Futures Weekly Chart Analysis: 2026-May-21 07:08 CT

Price Action

• Last: 8600,
• 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: 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: 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

The weekly chart shows a broad multi-year uptrend with a strong 2024 to 2026 advance, but the most recent price action is a fast pullback from the 9,000-plus resistance zone back into the mid-8,000s. Swing pivots remain structurally positive on the short-term pivot trend, yet the intermediate HiLo trend has turned down, reflecting a corrective phase after the latest high. Price is sitting around the upper half of the 2026 yearly box and near the 8,305 support region, with 8,496 as the next pivot reference below the market. The benchmark stack is mixed in the near term, with the 5, 10, 20, and 55 day averages still leaning lower, while the 100 and 200 day averages remain rising and preserve the larger bullish backdrop. Overall, the chart is in a transition phase: short-term pressure is heavy, intermediate structure is consolidative to corrective, and the long-term trend remains constructive.