SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-22 07:07 CT

Price Action

• Last: 8650,
• Bars: Medium,
• 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 Low 8512,
• 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: 8643 Down Trend,
• (Intermediate-Term) 20 Day: 8696 Down Trend,
• (Intermediate-Term) 55 Day: 8755 Down Trend,
• (Long-Term) 100 Day: 8814 Down Trend,
• (Long-Term) 200 Day: 8836 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 corrective and trend-defensive, with price trading beneath the key benchmark stack and below the upper May session band after a sharp rejection from the 8925/9092 resistance zone. Swing pivots remain in DTrend, and the higher-level pivot map still points to a sequence of lower highs and lower lows, with 8512 and 8305 as the most prominent support references. The moving average profile is uniformly downward sloped across 5, 10, 20, 55, 100, and 200 day benchmarks, confirming broad bearish alignment across short, intermediate, and long horizons. Recent candles show choppy recovery attempts inside a broader down-leg, with the market working around the May NTZ rather than reclaiming trend control. The broader read is one of consolidation after impulse swings, where repeated tests of overhead supply and the nearby pivot grid continue to define the daily range.