Confluence Score · ETF
SPY
SPDR S&P 500 ETF Trust
Confluence Score
54/100
Neutral
Updated 2026-09-06 · Moderate Coverage
3
Bullish Signals
0
Bearish Signals
3
Neutral Signals
Tracked Macro Signals for SPY
Signal Category Current Status
ATA Trucking Tonnage Index Macro & Liquidity ● Neutral
WTI Crude Oil (Daily) Macro & Liquidity ▲ Bullish
High-Yield Credit Spread (ICE BofA) Macro & Liquidity ▲ Bullish
Initial Jobless Claims (WARN Proxy) Macro & Liquidity ● Neutral
Layoffs & Discharges Rate (BLS JOLTS) Macro & Liquidity ▲ Bullish
Yield Curve Spread (10Y–2Y) Macro & Liquidity ● Neutral

See SPY's live macro context

Unstructured Alpha maps the 6 macro factors that actually matter for SPY and flags when the backdrop around it changes — with per-signal contribution and honest coverage, not a black-box number.

See why SPY's factors moved →

Scores are derived from macro signals (FRED, EIA, SEC filings, FINRA short interest) and updated as new data arrives. This is not financial advice. Past signal accuracy does not guarantee future results.
unstructuredalpha.com · Not financial advice