Midday Market

Midday Wave #104: Breadth Divergence: Trusting Volume Over the Bounce – Tuesday 9/8/2026

Episode 1044:54

0:004:54

Episode summary

The 20SMA and 40SMA breadth readings are pulling in opposite directions, so the hosts dig into which breakouts have real volume behind them versus which are hollow pops. They close with a cautious-neutral bias and precise supply/demand levels for META and MELI into the close.

Chapter by chapter

40SMA Flips Bearish, 20SMA Pops

Breadth internals diverge sharply as the 40SMA drops to 40.8% while the 20SMA surges to 51%, flipping sentiment bearish despite longer-term thrust readings staying constructive.

Real Volume vs. Empty Breakouts

CWVX and CRWG post huge gains on weak 0.4 RVOL while AIB stands out as the only top-ten name with above-average volume, backed by a souring afternoon catalyst tape.

META and MELI Supply Levels to Watch

With bias shifted to cautious-neutral, the hosts lay out exact reclaim and rejection levels for META and MELI and reaffirm AIB as the preferred volume-confirmed setup.

Key points

  • 40SMA breadth fell 9.2 points to 40.8%, flipping sentiment bearish even as 20SMA breadth spiked 28 points to 51%
  • The bull/bear spread flipped from 206/104 bullish yesterday to 277/290 bearish today
  • CWVX and CRWG rallied ~29% but on only 0.4 RVOL, while AIB's 10.9% move came with 2.0 RVOL — the cleanest hold on the board
  • Morning catalysts (WULF, ECHO, DINO) were positive; afternoon catalysts (SYK, VRSK, BEAM) turned negative, mirroring the breadth deterioration
  • Bias is cautious-neutral: respect META's $628.20–$630.72 supply and MELI's $1,975.39–$2,047.87 supply, and favor volume-confirmed names like AIB over broad exposure

Ticker charts

CWVX

Open in app
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 CWVX in WaveFinder.

Daily bars through Sep 8, 2026.

CRWG

Open in app
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 CRWG in WaveFinder.

Daily bars through Sep 8, 2026.

AIB

Open in app
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 AIB in WaveFinder.

Daily bars through Sep 8, 2026.

WULF

Open in app
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 WULF in WaveFinder.

Daily bars through Sep 8, 2026.

ECHO

Open in app
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 ECHO in WaveFinder.

Daily bars through Sep 8, 2026.

DINO

Open in app
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 DINO in WaveFinder.

Daily bars through Sep 8, 2026.

SYK

Open in app
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 SYK in WaveFinder.

Daily bars through Sep 8, 2026.

VRSK

Open in app
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 VRSK in WaveFinder.

Daily bars through Sep 8, 2026.

BEAM

Open in app
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 BEAM in WaveFinder.

Daily bars through Sep 8, 2026.

MELI

Open in app
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 MELI in WaveFinder.

Daily bars through Sep 8, 2026.

META

Open in app
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 META in WaveFinder.

Daily bars through Sep 8, 2026.

MCK

Open in app
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 MCK in WaveFinder.

Daily bars through Sep 8, 2026.

BLTE

Open in app
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 BLTE in WaveFinder.

Daily bars through Sep 8, 2026.

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