SPY Monthly 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 an aggressive secular bull market, printing fresh highs with all major long-term moving averages (20, 50, and 200 monthly SMAs) aligned upward in textbook bullish order. Monthly RSI at 73.52 confirms sustained upside momentum without structural deterioration, while price continues to expand along the upper Bollinger Band. Pullbacks toward the 20-month moving average near 680 represent primary dynamic support within an unbroken multi-year expansion regime.
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SPY Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price continues to push into new all-time high territory above the rising 20-month simple moving average (680.14), with monthly RSI holding firmly in bullish momentum territory at 73.52.
Long-term Sentiment (weeks to months): Bullish
A pristine secular bull trend remains intact, evidenced by stacked and upward-sloping 20, 50, and 200-month moving averages combined with sustained structural higher highs and higher lows.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-10-01T22:22:49.565Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $675.07 | $670.00 - $680.14 | Strong | Confluence of the rising 20-month simple moving average and recent consolidation bases. |
| $555.32 | $549.83 - $560.80 | Strong | Major structural support zone anchored by the rising 50-month moving average and lower Bollinger Band band-walk foundation. |
| $470.00 | $460.00 - $480.00 | Strong | Former major secular peak from late 2021 acting as multi-year polarity support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $788.05 | $765.65 - $810.45 | Moderate | Recent monthly high extending toward the upper monthly Bollinger Band boundary. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Trend Continuation | Bullish | $810.45 | Prolonged multi-year upward channel characterized by successive breakouts above prior consolidation highs and consistent support along rising long-term moving averages. |
Frequently Asked Questions about SPY
What is the current sentiment for SPY?
The short-term sentiment for SPY is currently Bullish because Price continues to push into new all-time high territory above the rising 20-month simple moving average (680.14), with monthly RSI holding firmly in bullish momentum territory at 73.52.. 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 $675.07 and $555.32. 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 48/100. 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.