Whalor Setup Recap: September 11, 2026

Session price action

On September 11, 2026, the major indices experienced soft intraday price action, with all three closing below their respective session Volume Weighted Average Prices (VWAP).

• $SPY opened at 764.72, traded within a range of 763.60 to 766.38, and closed at 764.29. This marked a decline of 0.06% from the open, with the final price landing below the session VWAP of 765.15.
• $QQQ opened at 715.68, fluctuated between 713.63 and 717.63, and closed at 714.82. The index finished 0.12% lower than its opening price and below its session VWAP of 715.73.
• $IWM showed the most relative weakness among the indices. It opened at 290.71, traded between 288.77 and 291.44, and closed down 0.57% from the open at 289.04, below its session VWAP of 289.59.
• $AMZN diverged from the broader market. Opening at 254.09, it traded between 253.14 and 257.59, and closed at 256.65—representing a 1.01% gain from the open and finishing above its session VWAP of 256.35.

Why the setups fired

Four distinct setups triggered during the session based on intraday technical structures:

• $SPY opening_drive_reversal (Bearish): Fired near 765.14. This setup triggered on an opening drive spike reversing, an opening drive upward rejection, and a 1-minute opening drive reversal rejection.
• $IWM zero_dte_ema13_rejection (Bearish): Fired near 289.22. The setup was triggered by an EMA13 resistance reaction, a 5-minute EMA13 rejection, and a 1-minute EMA reaction low break.
• $AMZN ema_pullback_continuation (Bullish): Fired near 256.74. This setup triggered due to a supportive 5-minute trend, a 5-minute 21 EMA pullback hold, and a 1-minute pullback reversal.
• $QQQ double_bottom_reversal (Bullish): Fired near 717.43. The trigger occurred on a double bottom reversal, a 5-minute double bottom reclaim, and a 1-minute bullish trigger.

What the outcomes showed

The day's resolved setups ended with a 50.0% win rate (2 profitable, 2 losses), resulting in a one-contract modeled P&L of -$72. The average tracked peak across all setups was +28.5%, and zero setups reached +100%.

The two bearish index setups aligned with the day's downward trend and closed in profit:

• The $SPY $764 PUT captured a +50% return, reaching a tracked peak of +65%.
• The $IWM $289 PUT secured a +30% return, reaching a tracked peak of +37%.

Conversely, both bullish setups resulted in losses:

• The $AMZN $257.5 CALL stopped out at -65%, reaching a tracked peak of only +3%.
• The $QQQ $717 CALL stopped out at -65%, reaching a tracked peak of +9%.

Through this session, the month-to-date record stands at 30 resolved setups, 17 profitable and 13 losses, yielding a 56.7% win rate and a one-contract modeled P&L of -$30.

What traders can learn

Today's session highlights the challenge of timing bullish entries in a largely bearish or sideways market environment, even on historically strong equities. Although $AMZN finished the day up 1.01% from its open, the bullish setup fired near 256.74—extremely close to its session high of 257.59. Because the entry occurred at the upper end of the day's range, the subsequent pullback triggered a stop-out at -65% before any meaningful upward continuation could develop.

Meanwhile, trading in the direction of the broader index weakness below VWAP yielded clean, profitable outcomes on the short side. Tracked peaks represent maximum theoretical potential rather than achievable exits, emphasizing the importance of disciplined risk management when intraday momentum shifts.

To analyze these dynamics further, we invite you to review every setup and its stock-candle outcome replay directly in the Whalor app.

Month-to-date record

Through September 11, 2026, Whalor has recorded 17 profitable outcomes and 13 losses across 30 resolved setups (56.7% profitable). The one-contract modeled result is -30 dollars under the published methodology below.

Every resolved setup

Contract	Setup	Outcome	Return	Tracked peak
$AMZN $257.5 CALL · 2026-09-11	ema_pullback_continuation: 5m_trend_supportive / 5m_21ema_pullback_hold / 1m_pullback_reversal	STOPPED OUT	-65%	+3%
$IWM $289 PUT · 2026-09-11	zero_dte_ema13_rejection: ema13_resistance_reaction / 5m_ema13_rejection / 1m_ema_reaction_low_break	PROFIT TAKEN	+30%	+37%
$SPY $764 PUT · 2026-09-11	opening_drive_reversal: opening_drive_spike_reversing / opening_drive_up_rejection / 1m_opening_drive_reversal_rejection	PROFIT TAKEN	+50%	+65%
$QQQ $717 CALL · 2026-09-11	double_bottom_reversal: double_bottom_reversal / 5m_double_bottom_reclaim / 1m_bullish_trigger	STOPPED OUT	-65%	+9%

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.