How StockCharts TV’s view on $SPY changed

2026-09-23Bullish

“The S&P 500's Bearish Setup Just Failed. Now What?”

SPY bearish pattern invalidated; current formation is potentially bullish but may require consolidation/pullback before reaching new highs.

Today we will be discussing the Standard & Poor's 500 index, some of the major high-growth exchange-traded funds (ETFs), the energy sector, and then Bitcoin. We will begin by analyzing the patterns of the Standard & Poor's 500 index.

We always start our day by analyzing the pattern network.

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2026-09-18

“The Only Thing Working in This Market Right Now”

S&P 500 technicals are weak (negative RSI/MACD); 100-day MA is key support/resistance level.

And here we are, the daily price chart for the Standard & Poor's 500 index. The Standard & Poor's index fell by about half a percent last week. On the positive side, we saw the index recover and move again above its 50-day simple moving average.

We are currently at exactly its 21-day simple moving average . However , we still have a negative Relative Strength Index and a negative MACD indicator. So, we are certainly not on solid ground here.

I am using this 100-day simple moving average as a key area of support or resistance in the near term. We are battling that 100-day moving average. If we move below, I would use the July low as the next possible support zone.

Watch the source01:18

2026-09-17

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2026-08-26Bullish

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Direction flip

2026-08-24

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