Next Day Prep #349: Breadth vs. Index: Why a Red Day Still Upgraded the Regime – Thursday 10/22/2026

Episode summary

Despite a sharp Nasdaq and semiconductor selloff, improving 40-day breadth upgraded the market regime to Cautious even as short-term momentum stayed bearish. The analyst breaks down the rotation from mega-cap tech into defensives, what the scan signals confirm, and the exact levels to watch tomorrow on QQQ, SPY, PG, LMT and RKT. Built from WaveFinder...