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

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... The post Next Day Prep #349: Breadth vs. Index: Why a Red Day Still Upgraded the Regime – Thursday 10/22/2026 first appeared on WaveRider Markets.