Power Hour

Power Hour #138: Final Hour Playbook and QQQ Pivots – Wednesday 10/28/2026

Episode 1383:29

0:003:29

Episode summary

A constructive but defensive-led tape with breadth expanding and SPY holding above all key SMAs. GMAB’s 32% blowout headlines continuation signals while defensive sectors lead; watch QQQ’s $732.50 SMA20 as the pivot for tech re-engagement tomorrow.

Key points

  • Regime remains constructive but defensive-led, with choppy-to-grind-higher action and breadth improving to 49.7% on the 40 SMA.
  • Bull 4% leads bear 4% 259 to 104, and SPY holds at $773.10, up 0.45%.
  • Hold strength like GMAB (up 32.0% on 4.4 relative volume), ICLR, BE and HRI; cut INTA, FTNT and CBRS rather than carry broken guidance overnight.
  • QQQ at $726.08 must reclaim SMA-20 at $732.50 to confirm tech is re-engaging; a rejection keeps the stance defensive.
  • IWM at $281.26 is pinned between SMA-200 support at $278.53 and SMA-50 resistance at $285.

Ticker charts

SPY

Open in app
SMAUp (filled)Down (hollow)

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 SPY in WaveFinder.

Daily bars through Oct 28, 2026.

QQQ

Open in app
SMAUp (filled)Down (hollow)

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 QQQ in WaveFinder.

Daily bars through Oct 28, 2026.

IWM

Open in app
SMAUp (filled)Down (hollow)

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 IWM in WaveFinder.

Daily bars through Oct 28, 2026.

GMAB

Open in app
SMAUp (filled)Down (hollow)

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 GMAB in WaveFinder.

Daily bars through Oct 28, 2026.

ICLR

Open in app
SMAUp (filled)Down (hollow)

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 ICLR in WaveFinder.

Daily bars through Oct 28, 2026.

BE

Open in app
SMAUp (filled)Down (hollow)

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 BE in WaveFinder.

Daily bars through Oct 28, 2026.

HRI

Open in app
SMAUp (filled)Down (hollow)

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 HRI in WaveFinder.

Daily bars through Oct 28, 2026.

INTA

Open in app
SMAUp (filled)Down (hollow)

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 INTA in WaveFinder.

Daily bars through Oct 28, 2026.

FTNT

Open in app
SMAUp (filled)Down (hollow)

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 FTNT in WaveFinder.

Daily bars through Oct 28, 2026.

CBRS

Open in app
SMAUp (filled)Down (hollow)

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 CBRS in WaveFinder.

Daily bars through Oct 28, 2026.

GNRC

Open in app
SMAUp (filled)Down (hollow)

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 GNRC in WaveFinder.

Daily bars through Oct 28, 2026.

ORCL

Open in app
SMAUp (filled)Down (hollow)

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 ORCL in WaveFinder.

Daily bars through Oct 28, 2026.

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