On September 22, 2026, the SPDR S&P 500 ETF Trust (ticker: SPY) established critical pivot points that may guide near-term market direction. Using the DeMark an
On September 22, 2026, the SPDR S&P 500 ETF Trust (ticker: SPY) established critical pivot points that may guide near-term market direction.
On September 22, 2026, the SPDR S&P 500 ETF Trust (ticker: SPY) established critical pivot points that may guide near-term market direction. Using the DeMark analysis method, the pivot high was calculated at $778.63 and the pivot low at $769.77. These levels are closely watched by traders and investors as potential signals for bullish or bearish momentum.
GF Value™ verdict: SPY is trading at $773.50, approximately 13.7% above its GF Value™ of $680.08, indicating overvaluation.
GF Score™: 86/100, reflecting strong overall quality and growth potential.
Guru 13F activity shows 15 premium gurus hold SPY, with 11 trimming and 6 adding positions recently, highlighting mixed institutional sentiment.
What's Behind the News?
The recent identification of pivot points for SPY using the DeMark method is significant as it provides traders with technical reference levels to anticipate price movements. A breakout above the pivot high of $778.63 could signal renewed bullish momentum in the broad market, while a drop below the pivot low of $769.77 might suggest increased selling pressure. Given SPY’s role as a proxy for the S&P 500 index, these levels are closely monitored by market participants to gauge overall market sentiment and potential trend reversals.
SPY, the State Street SPDR S&P 500 ETF Trust, is one of the most widely traded exchange-traded funds, offering exposure to the 500 largest publicly traded U.S. companies. With a market capitalization of $796.88 billion, it serves as a bellwether for the U.S. equity market. Although it does not operate in a specific sector or industry, its diversified holdings span all major sectors, making it a critical instrument for investors seeking broad market participation.
Is SPY Overvalued or Undervalued?
According to GuruFocus’ proprietary GF Value™ metric, SPY is currently trading at $773.50, which is 13.7% above its intrinsic value estimate of $680.08. This suggests the ETF is overvalued at present, implying a limited margin of safety for new investors. The GF Value™ is calculated by analyzing historical trading multiples, past business growth, and future performance expectations, providing a comprehensive intrinsic valuation benchmark. Investors relying on margin of safety principles might view this premium as a cautionary signal.
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