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With sixty minutes left to trade, breadth deteriorates sharply even as the medium-term trend firms, exposing a market split between a strong Tech engine and failed headline trades. The analyst walks through what to cut (BESS, SRFM), what to hold (SNPS, PANW), and the one breadth level that decides whether tomorrow’s pullback stays orderly.
Sentiment and the 40SMA diverge while percent-above-20-day breadth drops twelve points in a single session.
The 20-day breadth collapses to 32% while the 40-day ticks higher, signaling narrow, rotational leadership.
BESS and SRFM both sell off hard despite bullish catalysts, flagging news-chasing as a trap today.
RSPT at the 89th percentile confirms Tech strength while RSPC at the 5th percentile marks the weak lane.
FN offers a leashed small-size entry on low volume, while SNPS and PANW need a strong close to confirm the Tech thesis; RKLZ and DNLI are watched as reversal candidates.
With no clean index levels, the 32% breadth reading becomes the key marker between an orderly pullback and a disorderly slide.
Tech needs volume expansion through today's highs to carry tomorrow, while Utilities and Staples at the 95th percentile hint at a hidden risk-off signal.
See BESS 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 BESS in WaveFinder.
Daily bars through Oct 6, 2026.
See SRFM 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 SRFM in WaveFinder.
Daily bars through Oct 6, 2026.
See FN 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 FN in WaveFinder.
Daily bars through Oct 6, 2026.
See SNPS 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 SNPS in WaveFinder.
Daily bars through Oct 6, 2026.
See PANW 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 PANW in WaveFinder.
Daily bars through Oct 6, 2026.
See RKLZ 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 RKLZ in WaveFinder.
Daily bars through Oct 6, 2026.
See DNLI 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 DNLI in WaveFinder.
Daily bars through Oct 6, 2026.
