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Market breadth cratered across every timeframe since the open, with 20SMA breadth collapsing from 23% to 6%. With no index price data available, the team breaks down which continuation signals and stocks in play actually have volume backing them — and which are just noise.
Chapter by chapter
Breadth Falls Off a Cliff
40SMA and 20SMA breadth both drop sharply from the morning session, with the bull-bear split flipping from 107/142 to 56/199.
No Index Data, Breadth Is the Only Lens
With SPY, QQQ, and IWM data unavailable, breadth becomes the sole gauge of market conviction.
ARCT's Big Move Lacks Volume
ARCT leads continuation with a 10.8% gain but RVOL of just 0.6, raising doubts about the move's validity.
FBL Confirms, META Doesn't
FBL shows healthy RVOL of 2.0 backing its move, while META's gain lacks volume support at 0.5 RVOL.
USO and AAPL New Entries
USO gaps up on oil tension with strong sentiment, while AAPL's new-CEO pop already fades intraday.
Thin Institutional Volume
Only BWET and CRWL show real institutional-level RVOL on the 20% Study; nearly everything else is sub-one.
Defensive Playbook for the Close
Traders are advised to favor FFM setups, cap risk at 2.5%, and watch ARCT's RVOL and USO's $133.74 gap level.
Key points
20SMA breadth collapsed from 23% to 6% intraday — a 17-point washout signaling a decisive regime flip to bearish.
Bull-bear sentiment reversed completely, from 107/142 yesterday to 56/199 today.
ARCT's 10.8% move lacks volume confirmation (RVOL 0.6) and shouldn't be trusted until volume expands.
FBL is the healthiest confirmed move on the continuation list with RVOL of 2.0; META's move lacks backing.
Energy is the lone leadership pocket via USO, but $133.74 is the key gap level to hold for that thesis to survive.
See ARCT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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SMAUp (filled)Down (hollow)
Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open ARCT in WaveFinder.
See FBL in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open FBL in WaveFinder.
See META in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open META in WaveFinder.
See USO in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open USO in WaveFinder.
See AAPL in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open AAPL in WaveFinder.
See AMAT in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open AMAT in WaveFinder.
See NBIS in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open NBIS in WaveFinder.
See ABTC in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open ABTC in WaveFinder.
See BWET in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open BWET in WaveFinder.
See CRWL in WaveFinder. Sign in with your email, and new accounts are free and take about 30 seconds.
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Use left and right arrows to move through history, plus and minus to zoom, ] and [ to open the next and previous event, Escape to close its card, Enter to open CRWL in WaveFinder.