Daily S&P 500 Bull 3XSPXL
Auto-detected technical analysis for SPXL · data as of Aug 28, 2026. The chart above is live; the read below updates daily.
SPXL is breaking down from a rising wedge — a sign the recent run may be rolling over.
As long as price stays below $290.2, it's in play — if it trades back above there, the trade is over.
The move's natural target sits near $235.7.
SPXL is currently forming a bullish pennant on the daily timeframe. Detected Aug 28, 2026.
New to this pattern? What a bullish pennant is and how to trade it →
SPXL's most recent completed falling wedge (which broke against type) resolved as a win: it broke down on Oct 30, 2026 near $270.92, then reached its target at $252.91 on Nov 5, 2026 — a 6.6% move (+0.94R) over 4 sessions. Across 137,399 backtested falling wedges, this setup wins 42.3% of the time.
Every completed pattern trade our nightly backtest found on SPXL's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Falling wedge | Oct 30, 2026 @ $270.92 | Nov 5, 2026 @ $252.91 | Win | +6.7% · +0.94R |
| Triangle | Oct 30, 2026 @ $275.42 | Nov 5, 2026 @ $251.80 | Win | +8.6% · +1.60R |
| Rising wedge | Oct 22, 2026 @ $280.81 | Nov 5, 2026 @ $264.32 | Win | +5.9% · +1.44R |
| Rising wedge | Oct 16, 2026 @ $280.01 | Nov 5, 2026 @ $259.83 | Win | +7.2% · +0.92R |
| Rising wedge | Sep 16, 2026 @ $269.56 | Oct 6, 2026 @ $298.12 | Loss | +12.6% · -1.05R |
| Falling wedge | Sep 15, 2026 @ $275.13 | Oct 6, 2026 @ $298.12 | Loss | +4.3% · -1.06R |
| Rising wedge | Sep 9, 2026 @ $280.67 | Oct 6, 2026 @ $298.12 | Loss | +12.5% · -1.08R |
| Rising wedge | Aug 31, 2026 @ $287.24 | Oct 6, 2026 @ $298.12 | Loss | +12.4% · -1.13R |
| Triangle | Jul 29, 2026 @ $253.07 | Aug 3, 2026 @ $279.77 | Loss | +14.4% · -1.00R |
| Rising wedge | Jul 17, 2026 @ $264.52 | Jul 23, 2026 @ $261.75 | Win | +3.3% · +0.18R |
| Falling wedge | Mar 12, 2026 @ $201.75 | Mar 19, 2026 @ $190.54 | Win | +5.6% · +0.44R |
| Triangle | Mar 6, 2026 @ $206.35 | Mar 9, 2026 @ $198.35 | Win | +3.9% · +0.38R |
Historical examples from the published simulation. This selection is not a win-rate sample.
A chance to go short showed up on the weekly chart about 2 weeks ago: price ran up to $300.14 — a level traders often watch as a target (200% of the prior move) — and has since turned back below it, the kind of rejection a short plays for.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Aug 28, 2026 | $292.81 | $296.87 | $288.95 | $290.14 |
| Aug 27, 2026 | $289.40 | $293.72 | $287.90 | $292.25 |
| Aug 26, 2026 | $285.20 | $288.12 | $284.37 | $286.65 |
| Aug 25, 2026 | $287.08 | $287.59 | $283.52 | $286.61 |
| Aug 24, 2026 | $285.62 | $285.94 | $282.44 | $284.07 |
| Aug 21, 2026 | $286.90 | $288.97 | $284.87 | $286.64 |
| Aug 20, 2026 | $287.31 | $289.60 | $282.81 | $283.43 |
| Aug 19, 2026 | $292.26 | $294.55 | $289.71 | $290.86 |
| Aug 18, 2026 | $290.39 | $291.36 | $288.39 | $288.87 |
| Aug 17, 2026 | $299.19 | $299.82 | $294.86 | $294.99 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.