Midday Market
Midday Wave #115: Breadth Collapse: Market Flips Bearish Into the Close – Wednesday 9/23/2026
0:003:49
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Episode summary
Breadth deteriorated sharply intraday, flipping the regime from Cautious to Bearish as the 20SMA breadth read collapsed 56 points. With leadership narrowing almost entirely to semiconductors, the analyst lays out why traders should size down, demand volume confirmation on breakouts, and watch key ADI and TSM levels into the close.