Whalor Setup Recap: September 10, 2026

Session price action

On September 10, 2026, the major index ETFs exhibited mixed performance relative to their openings, though all three ultimately closed below their session volume-weighted average prices (VWAP). $SPY opened at 758.03, traded in a range of 756.64 to 760.11, and closed at 757.80, down 0.03% from its open and below its session VWAP of 758.26. $QQQ opened at 707.55, traded between 706.86 and 712.06, and closed at 708.78, marking a 0.17% gain from the open while finishing below its session VWAP of 709.72. $IWM opened at 288.48, moved within a range of 287.18 to 289.83, and closed at 287.74, a decline of 0.26% from the open and below its session VWAP of 288.19.

Why the setups fired

Two bearish setups triggered during the session as prices fluctuated within their daily ranges. First, $SPY fired a bearish failed_breakout_breakdown_trap: resistance_trap_rejection / 5m_failed_breakout / 1m_failed_breakout_loss setup near 757.32. This trigger occurred as the index rejected resistance, signaling a failed breakout on both the 5-minute and 1-minute timeframes. Second, $QQQ fired a bearish QQQ 2m Failed Extension VWAP Return setup near 711.01. This setup triggered as QQQ pushed toward its session high of 712.06 but failed to sustain the upward extension, indicating a potential return back to its session VWAP.

What the outcomes showed

The two resolved setups produced 1 profitable outcome and 1 loss, translating to a 50.0% win rate for the session.

• The $QQQ $710 PUT contract successfully captured the downward reversion, resulting in profit taken at a +50% return, after reaching a tracked peak of +67%.
• The $SPY $756 PUT contract did not maintain its downward momentum, reaching a tracked peak of +19% before reversing and stopping out at a -65% loss.

This split outcome generated a one-contract modeled P&L of -$3 for the day. The average tracked peak across both setups was +42.9%, and no setups reached a +100% return. This session brings the month-to-date record through September 10 to 26 resolved setups, with 15 profitable and 11 losses (a 57.7% win rate) and a modeled P&L of -$71.

What traders can learn

Today's results highlight how index direction and setup execution interact. While both indices eventually closed below their session VWAPs, the paths to those levels differed. The $QQQ trade, triggered near its highs at 711.01, allowed the contract to achieve its +50% target during the reversion. Meanwhile, the $SPY setup near 757.32 faced immediate friction, highlighting that even when a market bias is bearish, individual entry coordinates remain highly sensitive to intraday noise. Adhering to the defined stop-out parameters on $SPY prevented the loss from overwhelming the gains from the successful $QQQ trade, preserving capital in a mixed session.

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

Month-to-date record

Through September 10, 2026, Whalor has recorded 15 profitable outcomes and 11 losses across 26 resolved setups (57.7% profitable). The one-contract modeled result is -71 dollars under the published methodology below.

Every resolved setup

Contract	Setup	Outcome	Return	Tracked peak
$SPY $756 PUT · 2026-09-10	failed_breakout_breakdown_trap: resistance_trap_rejection / 5m_failed_breakout / 1m_failed_breakout_loss	STOPPED OUT	-65%	+19%
$QQQ $710 PUT · 2026-09-10	QQQ 2m Failed Extension VWAP Return	PROFIT TAKEN	+50%	+67%

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.