DOWNSIDE GAPS x2

Two Straight Downside Gaps in the S&P 500 ETF New-trigger client note · October 23, 2026 For the second session in a row, the S&P 500 ETF (SPY) never traded as high as the prior day’s close: Thursday’s high of 767.71 sat below Wednesday’s 773.09 close, and today’s high of 763.47 sat below Thursday’s 763.96

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QUIET SELLOFF SIGNAL

Quiet Selloff: New Signal, October 23, 2026 SIGNAL CATALOGUE · NYSE TICK BREADTH · October 23, 2026 The S&P 500 fell -0.53% today, but NYSE breadth never panicked. The lowest TICK reading after 9:45 was -783, milder than 57% of the past year’s sessions (median -837). Since 2015, quiet selloffs like this have been followed

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BREADTH SIGNAL

Breadth Outruns Price: New Signal, October 22, 2026 SIGNAL CATALOGUE · NYSE TICK BREADTH · October 22, 2026 Today’s NYSE breadth came in far stronger than the S&P 500’s move would imply: a reading of +1.49, above the +1.3 trigger. Cumulative TICK was +26,573 while the index moved -0.33% from its open. Since 2015, signals

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QUIET SELLOFF SIGNAL

Quiet Selloff: New Signal, October 22, 2026 SIGNAL CATALOGUE · NYSE TICK BREADTH · October 22, 2026 The S&P 500 fell -1.21% today, but NYSE breadth never panicked. The lowest TICK reading after 9:45 was -742, milder than 64% of the past year’s sessions (median -837). Since 2015, quiet selloffs like this have been followed

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2 PM FOLLOW-THROUGH

A Strong 2:00 PM Push Tends to Keep Going for Another Hour INTRADAY STUDY · October 20, 2026 · SPX 1-minute data, Sep 2014 – Oct 2026 When the S&P 500 rallies unusually hard between 2:00 and 2:15 PM ET, it has tended to keep rising over the next hour. Over 272 signals since late

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THE FAILED OPEX GAP

When the Post-Expiration Gap Fails: A Short Below Friday's Close NASDAQ-100 RESEARCH · QQQ OPTIONS-EXPIRATION STUDY · October 19, 2026 Friday was monthly options expiration, and QQQ is set to open at least 1% higher this morning. Since 1999 QQQ has opened 1% or more higher on the session after monthly expiration 29 times. In

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FRIDAY’S CLOSE IS THE LINE

Five Down, Gapping Up: For QQQ, Friday’s Close Is the Line NASDAQ-100 RESEARCH · QQQ GAP STUDY · October 19, 2026 QQQ fell five sessions in a row last week and closed Friday at 709.80, its lowest close in 20 sessions. With Nasdaq futures up about 1% overnight, it is set to open at least

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BROAD RALLY, FLAT INDEX

Research Log: A Broad Rally the S&P 500 Barely Showed Has Led to Gains, but Not Near the High, Which Is Where Today Sits Yang Market Research · Original Idea · Research Log · October 15, 2026 Today NYSE advancing issues beat decliners 3.09 to 1, one session after a 0.33-to-1 rout, yet the S&P

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