Next Day Prep #336: Record Highs, Bearish Breadth: The Narrow Rally Behind 7,800 – Tuesday 10/6/2026

Episode summary

The S&P hit a fresh record above 7,800, yet the regime model still reads Bearish as 20-day breadth collapsed from 44% to 32% in just five days. The team breaks down a 26-signal Darvas breakout scan with zero confirmed continuations, a one-deal utilities rally sparked by Constellation Energy, and sets up tomorrow’s Fed minutes and 10-year auction as the key tests for whether breadth can recover.