SPY Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B+
BULL
ETF · S&P 500
SPY is currently showing a bullish wedge compression on the 30-minute timeframe, graded B+ by the UnxEdge scanner. The current breakout level is $779.41, currently 0.27% away. This pattern has shown a 1.5x profit factor across 15 backtested trades.
Current Setup
Close$777.30 -0.18%
Breakout Level$779.41
Distance to Level0.27%
RVOL0.5×
Pressure83
PatternChannel
Trade Plan
Entry$779.59
Stop$778.73
TP1$780.45
TP2$781.31
TP3$782.17
Chart
Backtest Performance
Win Rate
60%
Profit Factor
1.50x
Avg R
+0.20R
Trades
15
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Jul 15 | BULL | A- | $753.68 | $751.92 | $755.44 | $751.92 | LOSS | -1.00R | 5 |
| Jul 2 | BULL | A- | $749.81 | $747.90 | $751.72 | $747.90 | LOSS | -1.00R | 2 |
| Jun 25 | BEAR | A- | $730.45 | $734.69 | $726.21 | $734.69 | LOSS | -1.00R | 2 |
| Jun 1 | BULL | A- | $758.16 | $756.38 | $759.94 | $759.94 | WIN | +1.00R | 2 |
| Jun 1 | BULL | A- | $757.92 | $756.47 | $759.38 | $759.38 | WIN | +1.01R | 3 |
| May 28 | BULL | A++ | $752.44 | $750.86 | $754.02 | $754.02 | WIN | +1.00R | 3 |
| May 21 | BULL | A- | $742.29 | $739.95 | $744.62 | $744.62 | WIN | +1.00R | 2 |
| May 13 | BULL | A- | $741.04 | $739.57 | $742.50 | $742.50 | WIN | +0.99R | 3 |
| Apr 21 | BULL | A- | $710.21 | $708.76 | $711.65 | $708.76 | LOSS | -1.00R | 2 |
| Apr 17 | BULL | A- | $703.13 | $701.45 | $704.82 | $704.82 | WIN | +1.01R | 2 |
| Apr 13 | BULL | A- | $682.32 | $680.91 | $683.74 | $683.74 | WIN | +1.01R | 6 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-10-12 | B+ | BULL | $779.41 | 0.27% | 83 | — |
| 2026-10-12 | B+ | BULL | $779.41 | 0.26% | 85 | — |
| 2026-10-12 | B+ | BULL | $779.41 | 0.28% | 86 | — |
| 2026-10-12 | B+ | BULL | $779.41 | 0.26% | 88 | — |
| 2026-10-12 | B+ | BULL | $779.41 | 0.25% | 90 | — |
| 2026-10-12 | A- | BULL | $779.41 | 0.23% | 87 | — |
| 2026-10-12 | B+ | BULL | $779.41 | 0.20% | 89 | — |
| 2026-10-12 | B+ | BULL | $779.41 | 0.21% | 90 | — |
| 2026-10-12 | B+ | BULL | $779.41 | 0.22% | 84 | — |
| 2026-10-12 | B+ | BULL | $779.41 | 0.20% | 85 | — |
Bot Activity
| Date | Side | Result | R | Exit |
|---|---|---|---|---|
| 2026-06-03 | BULL | — | — | NO CONTRACT: No qualifying option contract found |
| 2026-06-01 | BULL | — | — | Entry cutoff — past 3:45pm ET |
Other Active Breakout Setups
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