SPY Daily Technical Analysis
S&P 500 Index
SPDR S&P 500 ETF - Tracks the S&P 500 index of the largest U.S. companies and serves as a core benchmark for the U.S. market.
SPY Technical Analysis Summary
SPY remains in a well-defined primary bull market, trading comfortably above its rising 200-day moving average. The recent retreat from peak highs near 788 has found preliminary support around the 50-day moving average (759.73) on tapering volume. As long as price holds above the 755–760 support zone, the broader bullish structure remains intact for continuation toward previous highs.
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SPY Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is consolidating between the 20-day SMA (764.30) and 50-day SMA (759.73) following a pullback from all-time highs, with RSI neutral at 49.14.
Long-term Sentiment (weeks to months): Bullish
The broad uptrend remains intact with the 50-day SMA trending well above the rising 200-day SMA (716.28) and consistent higher macro swing lows.
Report Metadata
- Timeframe: daily
- Generated at: 2026-09-18T20:15:27.920Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $757.50 | $755.00 - $760.00 | Moderate | Confluence of the rising 50-day SMA at 759.73 and the lower Bollinger Band near 755.02. |
| $740.00 | $735.00 - $745.00 | Strong | Major prior consolidation base and swing lows established during July and August. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $766.00 | $764.00 - $768.00 | Moderate | Immediate resistance aligned with the 20-day SMA (764.30) and recent breakdown point. |
| $784.00 | $780.00 - $788.00 | Strong | All-time high zone and previous upper Bollinger Band extension from late August. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Bullish Pullback / Consolidation | Bullish | $788.00 | An orderly multi-week pullback toward the rising 50-day moving average following a sustained impulsive rally to fresh highs. |
Frequently Asked Questions about SPY
What is the current sentiment for SPY?
The short-term sentiment for SPY is currently Neutral because Price is consolidating between the 20-day SMA (764.30) and 50-day SMA (759.73) following a pullback from all-time highs, with RSI neutral at 49.14.. The long-term trend is classified as Bullish.
What are the key support levels for SPY?
StockDips.AI has identified key support levels for SPY at $757.50 and $740.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is SPY in a significant dip or a Value Dip right now?
SPY has a Value Score of 51/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.