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 continues in a well-established secular bull market, with price trading at all-time highs above all key monthly moving averages (20, 50, and 200 SMA). The monthly RSI at 74.67 and price riding the expanding upper Bollinger Band confirm strong structural trend momentum. The broader outlook remains overwhelmingly bullish for long-term investors, with strong underlying support anchored around the rising 20-month and 50-month moving averages.
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SPY Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is pressing upward along the upper Bollinger Band with strong monthly green candles and an RSI above 70 confirming strong bullish momentum.
Long-term Sentiment (weeks to months): Bullish
Clear multi-decade secular bull market structure with fully aligned, upward-sloping 20, 50, and 200-period monthly moving averages.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-09-01T06:39:35.840Z
- Model: gemini-3.7-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $652.50 | $640.00 - $665.00 | Strong | Confluence of the rising 20-month SMA and the late 2025 consolidation area. |
| $513.00 | $480.00 - $546.00 | Strong | Major secular breakout level from the 2021-2022 highs, supported by the rising 50-month SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $785.00 | $780.00 - $790.00 | Weak | Current all-time high area aligning with the upper Bollinger Band boundary. |
| $810.00 | $800.00 - $820.00 | Weak | Psychological round number extension level above current price action. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Multi-Year Trend Continuation | Bullish | $800.00 | Consistent structural expansion with higher monthly swing highs and lows following the 2022-2023 consolidation breakout. |
Frequently Asked Questions about SPY
What is the current sentiment for SPY?
The short-term sentiment for SPY is currently Bullish because Price is pressing upward along the upper Bollinger Band with strong monthly green candles and an RSI above 70 confirming strong bullish momentum.. 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 $652.50 and $513.00. 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 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.