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A sharp risk-off day saw breadth collapse 56 points as technology cratered 5% and defensives surged. SPY sits at the bottom of its 20-day range with QQQ deeply oversold. Stay defensive, protect capital, and only buy confirmed reclaims into the close.
Key points
Breadth fell to 34%, down 56 points since yesterday, with the regime flipping to risk-off.
Cut TWLO (down 15.8%) and tech-adjacent momentum longs; hold defensive winners like COST.
SPY at $751.66 sits near the 20-day bottom of $753.53; a break opens a drop to $728.83.
CBOE at $337.52 is the cleanest buy-the-dip candidate, only on confirmation.
Stay defensive and require a SPY reclaim of $770.26 before trusting any rally.
See TWLO 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 TWLO in WaveFinder.
See COST 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 COST in WaveFinder.
See CBOE 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 CBOE in WaveFinder.
See SPY 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 SPY in WaveFinder.
See CSCO 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 CSCO in WaveFinder.
See QQQ 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 QQQ in WaveFinder.
See IWM 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 IWM in WaveFinder.