With the S&P testing 6,900 support and breadth split exactly 50-50, WaveRider Midday Wave breaks down a session defined by defensive rotation into Staples and Healthcare, an energy sector surging over 4% on Iran headlines, and a tech sector still nursing wounds from last week’s AI disruption selloff. The team identifies SHNY and BLLN as the afternoon’s highest-conviction setups and names crude oil at $67 as the single level that determines which way the market’s risk-off narrative holds or cracks into the close.