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 secular bull market, supported by rising 50-week and 200-week moving averages and sustained momentum. The current price action shows a constructive high-level consolidation just beneath the 780-785 resistance zone. As long as the index holds above the 20-week SMA near 747, the path of least resistance remains upward toward the 800 milestone.
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SPY Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is consolidating near all-time highs above the rising 20-week moving average (747.62), with RSI remaining in a healthy bullish regime at 64.23.
Long-term Sentiment (weeks to months): Bullish
Clear multi-year uptrend with perfect bullish moving average alignment, as the price trades comfortably above the upward-sloping 50-week (704.89) and 200-week (557.79) SMAs.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-04T21:02:20.610Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $745.00 | $740.00 - $750.00 | Strong | Confluence of the 20-week moving average and the lower boundary of the recent consolidation zone. |
| $707.50 | $700.00 - $715.00 | Strong | Major dynamic support aligned with the 50-week SMA and the lower Bollinger Band. |
| $650.00 | $640.00 - $660.00 | Weak | Prior swing low and multi-week consolidation base established prior to the latest rally. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $782.50 | $780.00 - $785.00 | Strong | Recent weekly swing highs and the upper Bollinger Band boundary. |
| $805.00 | $800.00 - $810.00 | Weak | Key psychological round-number extension level above all-time highs. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bullish Consolidation / Flag | Bullish | $805.00 | Price is forming a tight multi-week pause just beneath all-time highs and the upper Bollinger Band, holding firmly above dynamic weekly trend support. |
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 all-time highs above the rising 20-week moving average (747.62), with RSI remaining in a healthy bullish regime at 64.23.. 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 $745.00 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 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.