SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-26 07:07 CT

Price Action

• Last: 8670,
• Bars: Medium,
• Mom: slow.

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: 8560 Up Trend,
• (Short-Term) 10 Day: 8640 Up Trend,
• (Intermediate-Term) 20 Day: 8690 Down Trend,
• (Intermediate-Term) 55 Day: 8750 Down Trend,
• (Long-Term) 100 Day: 8813 Down Trend,
• (Long-Term) 200 Day: 8835 Down Trend.

Additional Metrics

• ATR: 96,
• VOLMA: 30857.

Overall Rating

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

Key Insights Summary

The daily structure is working through a broad corrective phase after the March peak near 9241 and the April washout to 8305, with price now consolidating inside the May monthly fib zone around the mid-8600s. Short-term pivot structure remains in DTrend with the latest swing low at 8512 and the next pivot reference still a higher swing high at 8750, showing a choppy rebound environment rather than a clean trend advance. Price is sitting below the 20, 55, 100, and 200 day benchmarks, which keeps the intermediate and long-term tone defensive, while the 5 and 10 day averages are acting as the nearest short-term recovery references. The overall tape looks range-bound to corrective, with overhead resistance layered at 8750, 8925, 9092, and 9241, and support clustered at 8512, 8305, and the lower swing references beneath that. Momentum is slow and the market is trading in a mixed balance area, so the chart reads as a consolidation-and-recovery phase within a broader downtrend backdrop.