ETF Market Structure Heat Map — 2026-09-02 (MIDDAY)

Today’s heatmap shows considerably broader movement toward the ML side:

• 34 ETFs reached ML1

• 14 ETFs reached MS1

• No ML1/MS1 reversals were recorded

The broader indexes were not uniform. SPY traded between ML1 and ML2,

DIA reached ML1, while QQQ had not reached either side.

Sector performance was also divided. Materials produced the deepest ML-side extension, with XLB trading between ML2 and ML3. Meanwhile, XLK, XLI, XLU, and XLY reached MS1.

Universe: 67 ETFs

ML STRUCTURE

• ML1 Reached: 34

• Currently At or Above ML1: 16 / 34 (47.1%)

• ML1 ≥ Open: 34 / 34 (100%)

MS STRUCTURE

• MS1 Reached: 14

• Currently At or Below MS1: 9 / 14 (64.3%)

• MS1 ≤ Open: 12 / 14 (85.7%)

REVERSALS

• ML1/MS1 Reversals: 0

• Symbols: None

Levels are calculated from the opening price and are dependent on the underlying data source.

For research and educational purposes only.