Back Under by the Close

Monday, October 19, 2026

This morning the board put five hourly sell levels on the tape in 44 seconds. By the close, every one of them had price back under it. Gold and the bond never got back to theirs. The Russell got over its level by 3.4 points and gave it back at noon. The Nasdaq was the exception for most of the day: NQ got back over its 29758.75 sell level at 10:10 a.m. ET, ran 225 points through it, and then gave the whole move back after 11:30. It was back under 29758.75 by 3:50. From Sunday's 6 p.m. ET Globex reopen to Monday's 4:30 p.m. ET, PonoTrading's imbalance board sent 35 hourly setups, 0 Daily, and 0 Weekly to Discord — 35 SENT prints. MedianReclaim added 25 Daily median tags and 0 Weekly median tags (27 SENT rows; two were repeat tags of the same median, counted once). Twenty-two of those UW prints were the overnight prints we counted in this morning's prep (22 hourlies, 0 Daily, 0 Weekly). Thirteen more came after it, eight of them in the New York cash session. Seven of the 35 were on the index board. The levels that mattered: the NQ hourly bear 29758.75, the RTY hourly bear 2753.2, the gold hourly bear 4193.1 and the bond hourly bear 105.71875 from the 6:38 a.m. run, MedianReclaim's NQ prior Daily median at 29746.875, and then in cash the RTY hourly bull 2737.9, ES hourly bear 7753.75, NQ hourly bull 29807 and NQ hourly bear 29831. The last SENT print of the window came at 4:01 p.m. ET.

Chip stocks bounced, and that carried the Nasdaq. The Nasdaq composite rose 290.85 points, or 1.1%, to 26,430.89. The S&P 500 added 31.29 points, or 0.4%, to 7,690.73. The Dow