Whalor Setup Recap: August 28, 2026

Session price action

During the August 28, 2026 session, the major indices exhibited downward movement from their opening prices, while $AMZN diverged with notable strength. $SPY opened at 771.76, fluctuated between 768.31 and 775.30, and closed at 769.28, down -0.32% from the open and below its session VWAP of 770.92. $QQQ opened at 719.74, traded in a 715.09–724.12 range, and closed below its session VWAP of 718.54 at 716.43 (-0.46% from the open). $IWM showed the most relative weakness among the indices, opening at 299.70 and closing near its session low at 295.81, representing a -1.30% drop from the open and finishing below its session VWAP of 297.19. In contrast, $AMZN opened at 258.32, traded up to 267.56, and closed at 266.45 (+3.15% from the open, above its session VWAP of 264.41).

Why the setups fired

Four setups triggered during the session based on intraday price action:

• $QQQ $718 PUT fired a bearish opening_drive_reversal (opening_drive_spike_reversing / opening_drive_up_rejection / 1m_opening_drive_reversal_rejection) near 719.91 as the index rejected its early upward drive.
• $IWM $298 PUT triggered a bearish ema_pullback_continuation (15m_trend_supportive / 5m_21ema_pullback_reject / 1m_pullback_rejection) near 298.48, rejecting the 5-minute 21 EMA in alignment with the broader 15-minute trend.
• $QQQ $722.5 CALL fired a bullish failed_breakout_breakdown_trap (support_trap_reclaim / 5m_failed_breakdown / 1m_failed_breakdown_reclaim) near 723.23, triggering on a 5-minute failed breakdown and subsequent 1-minute support reclaim.
• $AMZN $267.5 CALL also fired a bullish failed_breakout_breakdown_trap (support_trap_reclaim / 5m_failed_breakdown / 1m_failed_breakdown_reclaim) near 267.04, capitalizing on a support trap reclaim as the stock trended higher.

What the outcomes showed

All 4 resolved setups were profitable, yielding a 100.0% win rate for the session (4 wins, 0 losses) and a one-contract modeled P&L of +185 dollars. The average tracked peak across these setups was +107.3%.

• The bearish $QQQ $718 PUT reached a +100% return (tracked peak +127%).
• The bearish $IWM $298 PUT reached a +100% return (tracked peak +226%).
• The bullish $QQQ $722.5 CALL secured a +30% return (tracked peak +36%).
• The bullish $AMZN $267.5 CALL secured a +30% return (tracked peak +39%).

This session brings the month-to-date record through August 28 to 72 resolved setups, with 58 profitable outcomes and 14 losses, maintaining an 80.6% win rate and a one-contract modeled P&L of +2252 dollars.

What traders can learn

Today's session highlights the value of aligning specific setups with intraday structure rather than forcing a single directional bias. While index-level price action was generally weak, high-probability opportunities emerged on both sides of the market by targeting bearish continuation setups on weak indices ($IWM) and bullish breakdown traps on relative strength ($AMZN).

Additionally, while some setups reached high tracked peaks (such as +226% on the $IWM PUT), these peaks are not modeled as achievable exits. Instead, adhering to disciplined, structured profit-taking targets (+30% and +100%) secured the session's gains.

We invite you to review every setup and its stock-candle outcome replay in the Whalor app.

Month-to-date record

Through August 28, 2026, Whalor has recorded 58 profitable outcomes and 14 losses across 72 resolved setups (80.6% profitable). The one-contract modeled result is +2252 dollars under the published methodology below.

Every resolved setup

Contract	Setup	Outcome	Return	Tracked peak
$QQQ $718 PUT · 2026-08-28	opening_drive_reversal: opening_drive_spike_reversing / opening_drive_up_rejection / 1m_opening_drive_reversal_rejection	PROFIT TAKEN	+100%	+127%
$IWM $298 PUT · 2026-08-28	ema_pullback_continuation: 15m_trend_supportive / 5m_21ema_pullback_reject / 1m_pullback_rejection	PROFIT TAKEN	+100%	+226%
$QQQ $722.5 CALL · 2026-08-28	failed_breakout_breakdown_trap: support_trap_reclaim / 5m_failed_breakdown / 1m_failed_breakdown_reclaim	PROFIT TAKEN	+30%	+36%
$AMZN $267.5 CALL · 2026-08-28	failed_breakout_breakdown_trap: support_trap_reclaim / 5m_failed_breakdown / 1m_failed_breakdown_reclaim	PROFIT TAKEN	+30%	+39%

Methodology: Modeled P&L assumes one contract per setup. A setup that reached +50% is counted at +50%; otherwise a setup that reached +30% is counted at +30%; all other resolved outcomes use the recorded exit return. Tracked peak is hindsight context, not an assumed exit. Educational only, not financial advice.