Uptrend Under Pressure 100
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 100/100 · 7 distribution days (SPY) Oct 26 Full briefing →
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SPY

$765.37 +0.71% Oct 26 close
Detected setup watchlist_candidate · Setup Score 0/100

Stand aside — setup invalidated

Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.

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$SPY

etf Stage 2 · Advancing Base 1
$765.37 latest close
Market Structure
Trend structure: range
Latest event: bos (bearish)
Support 755.58–762.04 · 7 touches · strong
Support 669.66–676.57 · 6 touches · strong
Resistance 774.03–779.37 · 6 touches · strong
Support 749.53–752.41 · 4 touches · moderate
Support 696.09–697.84 · 3 touches · moderate
Join to Watchlist $SPY Share card
Verdict · setup score 0/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 0, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$760$780AugSepOct$765

What would change this verdict

What needs to turn for this to become buyable — the top failing checks across the legend council:

  • Minervini 1.5 Price > 50-day MA — Price $765.37 vs MA50 $767.59
  • Minervini 1.8 RS rank ≥ 70 (prefer ≥ 85) — RS rank 59
  • O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 59
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Volume expansion above average — Volume ratio 0.81x
  • Weinstein Relative strength ≥ 60 — RS 59
Minority view — the council disagrees here
  • Minervini: avoid Trend-template read: fails Price > 50-day MA.
  • O'Neil: avoid CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 3 supporting checks need improvement.
56 Neutral
Legend Score · rates the stock Neutral (56/100) — held back by institutional footprint

Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.

  • Relative Strength (25%) 59
  • Trend Template (25%) 75
  • Institutional Footprint (20%) 37
  • EPS Growth (15%) 50
  • Quality (SMR-like) (15%) 50

RS rank 59: middle of the pack — no leadership yet. Trend template 6/8: passes the uptrend screen, structure intact. Institutional score 37: mild distribution — sellers active. No recent earnings growth data — scored neutral. No sales/ROE data — scored neutral. Updated 2026-10-27.

Price $765.37 +0.7% Oct 26 close
52W High $781.62 2.1% below high
Wks Since High 2w
Base Depth 2.5% 2.9% today
RS Rank 21 percentile of scan
SMA 50 $767.59
Avg Vol 38,590,811
Rel Vol (Oct 26) 0.81× 0.73× on up days
More stats
52W Low $629.28
Tight Wks 11
Base B1
SMA 200 $727.39
RS Line vs High +0.0%
RS Line Slope +0.0%
ADR% 0.8%
ATR(14) $7.25 (0.9%)
Vol Pace (live) N/A
A/D Days 16A / 16D
A/D Rating C
VDU Bars 0/10 d
Position in 52-week range 89thpercentile of the 52-week range
$629.28low
$781.62high

SPY Chart

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Technical Analysis Report Card

$SPY · $765.37 · as of 2026-10-26 · multi-factor read
59
/ 100
Technicals 59/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▬ Sideways / consolidating
Weekly ▬ Sideways / consolidating
Monthly ▲ Uptrend

Moving Averages

50-day$767.59 ↓
100-day$758.26 ↑
200-day$727.39 ↑
Bullish (50 > 200)

RSI (14)

Reading47.3 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateBearish
Histogram-1.372

Bearish — MACD below its signal line and below zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width31% · 3.2%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol0.73 · Neutral
Rel volume0.81×
Pocket pivots · 10d0
5d vs 50d vol91%
Heavy vol up / down0 / 1

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

  • 1 heavy-volume down day vs 0 up in the last 20 sessions — supply is showing.

Support & Resistance

R · $779.6652-week high
Price · $765.37now
S · $760.59swing level
S · $749.60swing level
S · $739.51swing level

Fibonacci · Uptrend swing

23.6% ◄ price here$766.27
38.2% ◄ price here$756.77
50.0%$749.10
61.8%$741.43
78.6%$730.50

Retracement support zones measured from the recent swing low up to the high.

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Monthly uptrendAbove 200-day MA50/200 bullish
Want this read in a legend's voice? Ask a Legend about SPY
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (0/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.

Council consensus: 6 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Avoid C Trend-template read: fails Price > 50-day MA.
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $765.37, MA150 $742.11, MA200 $727.39
1.2 150-day MA > 200-day MAMA150 $742.11 vs MA200 $727.39
Failing evidence
1.5 Price > 50-day MAPrice $765.37 vs MA50 $767.59
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 59
Not applicable
2. Quarterly EPS growth ≥ 25%No single-company earnings — not applicable to ETFs
2. ROE ≥ 17%No single-company earnings — not applicable to ETFs
2. Revenue growth ≥ 20% YoYNo single-company earnings — not applicable to ETFs
5/7 checks
Method → Playbook → Ask →
O'Neil Avoid D CANSLIM read: fails L: RS rank ≥ 80 (IBD leadership).
Passing evidence
N: Near 52-week high or RS line new high2.1% below high | RS line new high: True
S: Base tightness (ATR% ≤ 4.5%)ATR% 0.95%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 59
M: Market in confirmed uptrendMarket phase: uptrend_under_pressure
Not applicable
C: Quarterly EPS acceleration ≥ 25%No single-company earnings — not applicable to ETFs
A: Annual earnings & revenue qualityNo single-company earnings — not applicable to ETFs
2/6 checks
Method → Playbook → Ask →
Weinstein Watch D Stage-analysis read: Stage 2 is present; 3 supporting checks need improvement.

mediumStage 2 uptrend in progress — hold as long as price stays above the 30-week moving average.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $765.37 vs MA200 $727.39
Failing evidence
Volume expansion above averageVolume ratio 0.81x
Relative strength ≥ 60RS 59
3/6 checks
Method → Playbook → Ask →
dennis Watch C Turtle read: no breakout yet. Price is pressing the 20-day high. The system waits for the print; it never anticipates.
Passing evidence
No breakdown below the 20-day channel20-day low $758.68
Volatility-unit sizing (1N ≈ 1% of equity)1N = $7.14 (0.93% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
5/7 checks
Method → Playbook → Ask →
zanger Avoid D Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $880.18-$918.44; trail the rest
Trail on the 10/20-day MA10-day MA $768.06 · 20-day MA $770.14 — exit the remainder on a close below the trail
Failing evidence
Named Zanger pattern onlywatchlist_candidate is not one of Zanger's six
Not extended (≤5% above the breakout point)Data unavailable
3/6 checks
Method → Playbook → Ask →
zweig Watch D Zweig read: part of his screen passes but not all: Price strength (RS ≥ 70) — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Breadth momentum: 10-day A/D ratio10-day A/D 1.17 (1995 adv / 1699 dec) — participation expanding
4% Model (breadth proxy)65% of universe above 50-day — broad strength (adapted from Ned Davis 4% Model)
Failing evidence
Price strength (RS ≥ 70)RS score 59 — Zweig buys strength, not bargains
Monetary conditions: don't fight the FedFed series stored but too thin to read direction
Not applicable
EPS growth above the marketNo single-company earnings — not applicable to ETFs
Reasonable price for the growthNo single-company earnings — not applicable to ETFs
Insider buyingNo single-company earnings — not applicable to ETFs
2/5 checks
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$765.37
Distance from 52-week high2.1% below high
Failing evidence
Relative strengthRS 59
Volume vs average0.81x
3/6 checks
Method → Playbook → Ask →
Darvas Watch B Box-theory read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$765.37
Distance from 52-week high2.1% below high
Failing evidence
Relative strengthRS 59
Volume vs average0.81x
3/6 checks
Method → Playbook → Ask →
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.
Passing evidence
Price$765.37
Distance from 52-week high2.1% below high
Failing evidence
Relative strengthRS 59
Volume vs average0.81x
3/6 checks
Method → Playbook → Ask →
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH NH
NH100RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -9 C
A: 8 D: 17 Net: -965 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/3 met · earnings criteria N/A for ETFs
A 2/3 criteria
Separate score from the Minervini Trend Template (5/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
– EPS acceleration ≥25% QoQ N/A
– Revenue growth ≥20% YoY N/A
– Gross margin ≥30% N/A
– ROE ≥17% N/A
✗ RS rating ≥80 (leadership) 59
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -2.1%

Method Playbook

Trade it like O'Neil EXACT LEVELS · PRO
O'Neil D · Avoid — The deterministic methodology check is Avoid; wait until the blocking criteria are resolved.
Pivot
Pro level
Published-method rule: Use the proper base pivot or handle high after CANSLIM leadership and market-direction checks are satisfied.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a breakout through the pivot on volume at least 40% above average; the valid buy zone ends 5% above the pivot.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Use the setup's structural stop with a hard 7–8% maximum-loss ceiling from the actual entry.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Protect progress under constructive support such as the 21-day or 10-week line; a stop may ratchet higher but never lower.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on the hard loss limit, a decisive support break, or a rule-based climax/distribution signal; a normal 20–25% advance is reviewed rather than assumed permanent.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Pattern Analysis

watchlist_candidate
0 setup score
RS Score 59
Trend template 5/8
Why This Setup?
The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

1/7 universals met
  • A relative-strength leader — not met RS rank 21 — laggard
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Clear of earnings — partly met Report date unknown
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.8× average — light
  • In a confirmed uptrend — met Stage 2 · Trend template 5/8
Why these seven? → The Universal Edge

Minervini Trend Template

5/8

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $765.37 vs SMA150 $742.11 / SMA200 $727.39
SMA 150 above SMA 200 SMA150 $742.11 vs SMA200 $727.39
SMA 200 trending up Slope +8.51 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $767.59
Price above SMA 50 $765.37 vs SMA50 $767.59
30%+ above 52-week low +21.6% from $629.28
Within 25% of 52-week high -2.1% from $781.62
RS score above 70 RS 59

Fundamentals

52W Range
89%
Insider
No Buy

Company

Company profile
SPY
SPY
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Scan History

20× streak
Oct 23: 55 (Partial Move)Oct 23: 84 (Trend Only)Oct 26: 0 (watchlist_candidate)Oct 27: 0 (watchlist_candidate)0
Oct 27
watchlist_candidate
0
Oct 26
watchlist_candidate
0 0.0%
Oct 23
Trend Only ✓ Gate
84 +0.7%
Oct 23
Partial Move
55 +0.7%

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