“Day In Review” March 2, 2026. #Wyckoff

The major indexes spent the session consolidating within their recent trading ranges, with both SPY and QQQ continuing to move sideways beneath overhead resistance. From a Wyckoff perspective, the market remains in a late-stage trading range environment, where demand continues to appear on dips but supply is still present near the highs. Until the indexes can decisively break above resistance, this type of action typically favors select leadership stocks rather than broad market momentum.

Several stocks on our radar continue to demonstrate relative strength versus the indexes. CDRE is holding above its recent breakout level and appears to be forming a constructive consolidation that could lead to another advance. FIHL continues to trend higher while absorbing supply along rising support, and GKOS remains firm above its prior trading range, suggesting the longer-term markup structure remains intact.

Overall, the market environment continues to favor selective stock picking while the indexes build cause within their trading ranges. As long as support levels hold, this consolidation phase could eventually resolve higher once sufficient accumulation has taken place.

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