Midday Wave #141: Bullish Thrusts Collapse Behind SPY Facade – Wednesday 10/28/2026
Midday sees large-cap indexes grinding near flat with SPY holding its 20-day line while QQQ lags below key moving averages. Breadth is mixed — the 40SMA line improved to 49.49%, but fresh 4% thrusts collapsed and MEDICAL names like GMAB and ICLR carried the momentum. Bias stays cautiously neutral: respect SPY’s SMA50 support and stay...
The post Midday Wave #141: Bullish Thrusts Collapse Behind SPY Facade – Wednesday 10/28/2026 first appeared on WaveRider Markets.
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