State Street SPDR S&P Homebuilders ETF
NYSE Arca · ETF
Close, Oct 16, 2026
Context across dimensions, not a rating
Counts ending at the latest intermediate swing high, 111.59 on Aug 5, 2026. 36 labelings tested, 27 broke a hard rule, 9 remain.
Bar length is the zone's strength (a weighted count of relationships, not a probability). Select a zone to see what forms it.
3 relationships · strength 1.5 · Minor degree
Intermediate degree · from the preferred count
No scenario at intermediate degree right now
The target is closer than the stop (reward:risk 0.32 : 1): most of the count's expected move has already happened, so it isn't a setup. Viridia shows nothing rather than a guess.
Setups at other degrees:
Daily chart, as of Oct 16, 2026
Since the count's last pivot (111.59, Aug 5, 2026) price has moved −14.9%, the way the count expects.9 of 9 rule-valid counts expect the current move to be down.Weekly count: zigzag wave C ↓, same direction
Close call.The top two counts are within 4 points. Treat the structure as unresolved until one is invalidated.
Price is in wave C of a three-wave zigzag correction down.
A-B from 117.91, Jun 25, 2026
3 of 3 checks met
Price above this level breaks the count.
Wave C = 161.8% of wave A
3 Fibonacci relationships meet here.
Price is in wave 3 of a five-wave decline (impulse).
1-2 from 117.91, Jun 25, 2026
2 of 2 checks met
None.
Wave counts are built on these swings and each one passes every rule in the rulebook. They are ranked by how many guidelines they satisfy; the preferred and alternate counts are summarized above the chart.