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 is experiencing a short-term pullback after topping near 780.00, bringing price down to test critical dynamic support at the 50-day SMA and lower Bollinger Band around 758.00. While short-term momentum has weakened with RSI slipping to 44.15, the broader long-term uptrend remains structurally healthy as the 50-day and 200-day moving averages continue to point upward. Investors should monitor whether buyers defend the 755.00–758.50 area to resume the primary trend, or if a deeper correction toward the 735.00–742.00 support shelf unfolds.
Included In Lists
Related Tickers of Interest
SPY Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken below the 20-day SMA, falling toward the lower Bollinger Band with RSI declining below the 50 neutral mark to 44.15.
Long-term Sentiment (weeks to months): Bullish
The 50-day SMA (758.25) remains comfortably above the upward-sloping 200-day SMA (713.71), confirming an established broader bull market trend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-09-10T20:17:06.473Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $756.75 | $755.00 - $758.50 | Moderate | Confluence of the rising 50-day SMA, the lower Bollinger Band boundary, and late July horizontal breakout levels. |
| $738.50 | $735.00 - $742.00 | Strong | Prominent late July swing low and multi-week consolidation base prior to the August rally. |
| $712.50 | $710.00 - $715.00 | Strong | Ascending 200-day SMA zone serving as major long-term structural support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $768.50 | $767.00 - $770.00 | Moderate | 20-day SMA and midline Bollinger Band, which previously acted as dynamic support and now serves as overhead resistance. |
| $779.50 | $777.00 - $782.00 | Strong | All-time high resistance zone defined by the recent dual peaks and the upper Bollinger Band. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Top | Bearish | $745.00 | Two distinct swing highs formed near 780.00 followed by a breakdown below the interim minor swing low, indicating a near-term corrective phase. |
| Moderate | 50-Day SMA Pullback | Bullish | $777.00 | Price is testing the upward-trending 50-day moving average and lower Bollinger Band, offering a potential dynamic support test within the larger uptrend. |
Frequently Asked Questions about SPY
What is the current sentiment for SPY?
The short-term sentiment for SPY is currently Bearish because Price has broken below the 20-day SMA, falling toward the lower Bollinger Band with RSI declining below the 50 neutral mark to 44.15.. 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 $756.75 and $738.50. 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 90/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.