SPY Weekly 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 long-term structural uptrend, trading safely above its rising 20, 50, and 200-week moving averages. Recent price action displays an orderly consolidation just beneath the all-time high of ~780, with pullbacks reliably defended near the 20-week SMA (752). With RSI holding above 60 and key structural supports intact, the overall technical posture favors long-term continuation.
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SPY Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is consolidating near record highs above the rising 20-week moving average (752.19), with weekly RSI remaining in a healthy bullish expansion zone at 60.09.
Long-term Sentiment (weeks to months): Bullish
The broader multi-year secular uptrend remains firmly intact with clear sequential higher highs and higher lows and bullish alignment across the 20, 50, and 200-week moving averages.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-18T21:00:27.575Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $750.00 | $745.00 - $755.00 | Moderate | Confluence of recent weekly consolidation lows and the 20-week moving average. |
| $707.50 | $700.00 - $715.00 | Strong | Major psychological round number aligned closely with the rising 50-week moving average and prior breakout zone. |
| $650.00 | $640.00 - $660.00 | Strong | Significant multi-week consolidation base and structural swing low from earlier in the trend. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $780.00 | $775.00 - $785.00 | Strong | Current all-time high zone and the upper Bollinger Band boundary. |
| $802.50 | $800.00 - $805.00 | Moderate | Psychological extension level above current all-time highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | High-Level Consolidation | Bullish | $820.00 | A tight multi-week trading range near all-time highs following an extended impulse advance, digesting gains above the rising 20-week SMA. |
| Strong | Ascending Trend Channel | Bullish | N/A | Multi-year persistent upward trend characterized by higher weekly lows respected along 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 is consolidating near record highs above the rising 20-week moving average (752.19), with weekly RSI remaining in a healthy bullish expansion zone at 60.09.. 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 $750.00 and $707.50. 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.
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