Technology Select Sector SPDRXLK
Auto-detected technical analysis for XLK · data as of Sep 1, 2026. The chart above is live; the read below updates daily.
XLK is currently forming a falling wedge on the daily timeframe. Detected Sep 1, 2026.
A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $199.18 (+12.2%).
New to this pattern? What a falling wedge is and how to trade it →
XLK's most recent completed rising wedge resolved as a win: it broke down on Oct 14, 2026 near $189.89, then reached its target at $173.39 on Nov 5, 2026 — a 8.7% move (+1.24R) over 16 sessions. Across 151,067 backtested rising wedges, this setup wins 38.0% of the time.
Every completed pattern trade our nightly backtest found on XLK's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Rising wedge | Oct 14, 2026 @ $189.89 | Nov 5, 2026 @ $173.39 | Win | +8.7% · +1.24R |
| Triangle | Sep 21, 2026 @ $193.41 | Oct 19, 2026 @ $186.99 | Loss | +11.0% · -0.96R |
| Triangle | Sep 14, 2026 @ $182.71 | Sep 18, 2026 @ $189.23 | Loss | +3.3% · -1.02R |
| Rising wedge | Sep 14, 2026 @ $183.00 | Sep 18, 2026 @ $189.23 | Loss | +8.2% · -1.02R |
| Triangle | Sep 11, 2026 @ $188.37 | Sep 15, 2026 @ $184.50 | Loss | +3.9% · -1.02R |
| Triangle | Sep 10, 2026 @ $185.24 | Sep 18, 2026 @ $189.23 | Loss | +11.7% · -1.04R |
| Triangle | Jul 27, 2026 @ $173.46 | Aug 4, 2026 @ $182.52 | Loss | +10.2% · -1.14R |
| Triangle | Jul 16, 2026 @ $177.63 | Jul 28, 2026 @ $167.90 | Win | +5.5% · +0.73R |
| Triangle | Jul 13, 2026 @ $182.44 | Jul 17, 2026 @ $173.19 | Win | +5.1% · +1.09R |
| Triangle | Mar 26, 2026 @ $133.26 | Apr 8, 2026 @ $143.13 | Loss | +6.9% · -1.18R |
| Rising wedge | Mar 26, 2026 @ $133.62 | Apr 8, 2026 @ $143.13 | Loss | +8.5% · -1.19R |
| Triangle | Mar 26, 2026 @ $133.68 | Mar 30, 2026 @ $129.08 | Win | +3.5% · +0.58R |
Historical examples from the published simulation. This selection is not a win-rate sample.
Price is being turned away at a ceiling near $192.20 and starting to slide. On the weekly chart, the next floor below sits near $162.71 — about 11% away.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Sep 1, 2026 | $183.70 | $184.92 | $182.63 | $183.64 |
| Aug 31, 2026 | $185.78 | $186.65 | $185.28 | $186.50 |
| Aug 28, 2026 | $188.07 | $188.67 | $185.51 | $185.69 |
| Aug 27, 2026 | $186.47 | $188.74 | $185.67 | $188.61 |
| Aug 26, 2026 | $180.71 | $183.35 | $180.71 | $182.84 |
| Aug 25, 2026 | $182.11 | $183.02 | $180.59 | $181.74 |
| Aug 24, 2026 | $181.68 | $181.88 | $178.82 | $180.05 |
| Aug 21, 2026 | $184.42 | $184.56 | $181.90 | $183.31 |
| Aug 20, 2026 | $183.47 | $184.71 | $182.66 | $183.10 |
| Aug 19, 2026 | $186.39 | $186.91 | $182.41 | $183.64 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.