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With SPY, QQQ, and IWM data unavailable, this episode breaks down a sudden breadth collapse and what it means for the closing hour. The hosts walk through which positions to hold, which to cut, and how to position defensively into tomorrow using CCJ, SPXC, and Health Care as key confirmation signals.
Chapter by chapter
Breadth Collapses Into the Close
Percent above the 20-day and Bull 4% internals crater in a single session, signaling a regime break from participation to distribution.
Holds, Cuts, and the SPXC Setup
TTRX and INSP get hold/backup treatment, AA and weak sectors get cut, and SPXC emerges as the one late-entry reversal watch over the volume trap in FLJP.
Defensive Mode, Confirmation Required
CCJ and SPXC levels carry into tomorrow's watch list, Hormuz headline risk looms over Mining and Agriculture, and Health Care must lead before adding risk again.
Key points
Percent above the 20-day dropped from 41 to 32 and Bull 4% cratered from 363 to 120 in one session — a sharp regime break into distribution.
With no SPY/QQQ/IWM data, internals and individual names are the only reliable read on the tape.
Hold TTRX and INSP if volume sustains; cut AA and laggard sectors (Utilities, Industrials, Consumer Discretionary) immediately.
High RVOL alone is a trap (see FLJP) — SPXC's reversal setup at 180.18 has real volume behind the price action.
Stay defensive tomorrow with small size and high conviction only; wait for Health Care (RSPH) to confirm before leaning long again.
See TTRX in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open TTRX in WaveFinder.
See INSP in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open INSP in WaveFinder.
See AA in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open AA in WaveFinder.
See SPXC in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open SPXC in WaveFinder.
See FLJP in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open FLJP in WaveFinder.
See CCJ in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open CCJ in WaveFinder.
See VSAT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open VSAT in WaveFinder.
See IPI in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open IPI in WaveFinder.