Midday Wave #119: Breadth Cracks, Indexes Go Dark: Trading the Fog – Tuesday 9/29/2026

Episode summary

Breadth is collapsing fast even as bear counts ease, and with SPY, QQQ, and IWM dark, traders are flying on secondary gauges alone. The team digs into thin continuation names, a rare high-conviction breakout in NAUT, and a bullish-bearish divergence in BE, then lays out the afternoon discipline plan.