“Day In Review” February 25, 2026. #Wyckoff

Markets remain pinned within well-defined trading ranges as major indexes continue building cause beneath resistance. The S&P 500 (SPY) held firm near the upper portion of its range, while the Nasdaq (QQQ) displayed modest relative strength, rebounding constructively from support. Price/volume behavior continues to suggest absorption rather than renewed distribution, keeping the intermediate bias constructive while consolidation persists.

Beneath the surface, leadership rotation remains selective but orderly. GEV continues to trend higher following prior accumulation, while GH is working through a controlled pullback toward support after its recent advance. TMDX is consolidating near resistance, digesting gains in typical backing-and-filling fashion rather than exhibiting climactic weakness.

The broader message remains consistent: markets are pausing to build cause, not breaking down. Until supply expands materially and support fails, the weight of the evidence favors continued accumulation dynamics within a rotational environment.

🔒 Disclaimer:
This report is for educational and informational purposes only and should not be considered investment advice. WyckoffSMI and affiliated entities may hold positions in securities discussed. All trading involves risk.