Next Day Prep #282: The Cautious Paradox: Why Momentum Died and Reversals Fired – Monday 6/22/2026

Episode summary

Despite a massive crash in mega-cap tech, the market regime held firm as ‘Cautious’ due to defensive rotation masking the damage. We analyze why continuation signals failed while reversal strategies succeeded, and outline the critical playbook for tomorrow’s session centered on Micron earnings.