After two double-digit single-day drops in three sessions, SOXL went flat this session (0.0%) and its RSI climbed to 39.7 from 36.2, with the 30-day print improving to -47.27% from -53.69% — the accelerating semis breakdown flagged last cycle has paused, not resumed. The broad index/tech sleeve's three-straight-cycle cooldown also reversed: QQQM's RSI jumped to 45.1 from 36.5 and QQQ's to 45.2 from 36.7, both snapping back from what had been the lowest print in this tracked window. FXI crossed into overbought territory — RSI 72.0 (was 66.9), its cushion above the 200-day narrowing further to -1.2% from -3.6%, now the closest it has been to a golden-cross flip. The too-young cohort, whose downside dispersion widened sharply last cycle, broadly stabilized this cycle — though SPCH deepened further (RSI 23.9, was 26.0) as the one clear exception.

Data as-of the 2026-07-31 close. Source: summaries/etf-ideas.json, read directly — no computed math. Prior scan: 2026-07-28-etf-universe (2026-07-28 close).

SOXL's accelerating breakdown paused this cycle. After two double-digit single-day drops in three sessions (-13.14%, then -14.52%), the fund traded flat this session (0.0%), with price at $114.72 and RSI climbing to 39.7 from 36.2 — the 30-day print improved to -47.27% from -53.69%, still deeply negative but no longer deepening. SOXS, the inverse mirror, cooled in step — RSI 33.2 (was 31.8), 30D +40.6% (was +69.01%), still collapse regime but giving back some of its prior spike, consistent with SOXL stabilizing rather than continuing to fall. SMH ($540.53, RSI 42.7, was 37.1) also stabilized — 1D +0.3% (was -3.45%), 30D improved to -12.88% (was -16.2%). TQQQ (RSI 43.5, was 35.9; 30D -16.58%, was -20.25%) and TECL (RSI 44.5, was 37.7; 30D -18.56%, was -23.75%) both improved as well — the semis-adjacent leveraged complex broadly found its footing this cycle, though none of these have confirmed a genuine reversal yet, only a pause in the deterioration.

The broad index/tech sleeve's three-straight-cycle cooldown reversed. QQQM ($283.29, RSI 45.1, was 36.5) and QQQ ($687.99, RSI 45.2, was 36.7) both snapped back from what had been the lowest print in this tracked window, with the 30-day print improving to -5.13% for both (was -6.68%/-6.71%). VOO ($686.65, RSI 53.2, was 47.5) and VTI ($368.21, RSI 52.2, was 47.7) both moved further into positive territory on the month (+0.17%/-0.29%). IWM ($291.20, RSI 46.8, was 49.9) diverged from the rest of the broad-market group — its RSI actually cooled rather than joining the recovery, and its 30-day print deepened slightly to -2.71% (was -1.87%) — a notable exception to an otherwise broad-based snapback.

The gold complex remains directionless. GLD ($371.54, RSI 45.9, 30D +0.25%, was +0.21%) stayed essentially flat for a second straight cycle. GDX ($74.10, RSI 46.2, 30D -1.29%, was -1.94%) improved marginally but is still negative. URA ($39.07, RSI 40.5, 30D -9.52%, was -11.34%) improved further. Neither GLD nor GDX has broken its death-cross status; this remains a "still not confirmed" story rather than a genuine turn in either direction. TAN (RSI 35.5, was 30.9; 30D -14.65%, was -14.76%) and ICLN (RSI 37.6, was 30.2; 30D -13.03%, was -13.48%) both saw RSI improve meaningfully while their 30-day prints stayed essentially flat — early stabilization in momentum, not yet in the underlying trend.

KWEB and FXI both extended their stabilization for a third straight cycle, with FXI now crossing into overbought territory. KWEB ($28.49, RSI 66.8, was 58.9; 30D +13.42%, was +12.39%) continued climbing. FXI ($36.50, RSI 72.0, was 66.9; 30D +14.17%, was +12.43%) crossed above RSI 70 for the first time in this tracked window, with its cushion above the 200-day narrowing further to -1.2% from -3.6% — the closest it has come to a golden-cross flip. In the income sleeve, SCHD ($33.47, RSI 61.7, was 71.6) and VYM ($161.96, RSI 57.1, was 69.4) both cooled meaningfully from last cycle's breakout highs — 30D gains eased to +5.09% (was +6.14%) and +2.35% (was +3.4%) respectively — though both remain in positive territory and SCHD holds its breakout regime label. LQD cooled back down to RSI 36.3 (was 40.3), still above the strict oversold line but giving back the recovery flagged two cycles ago.

The too-young cohort broadly stabilized this cycle, with one clear exception. Most of the high-dispersion names that widened their downside last cycle recovered ground: FOMG jumped from $3.97 to $5.69 (RSI 32.3→41.0, 30D -67.3%→-54.3%), DISK improved (RSI 26.5→34.8, 30D -39.66%→-27.9%), and LAZR improved (RSI 27.0→37.0, 30D -30.81%→-21.12%). SSPC (30D +96.02%, was +80.93%) and SPCQ (30D +90.15%, was +75.34%) both extended further into parabolic territory. The exception is SPCH, which deepened further — RSI 23.9 (was 26.0), 30D -54.93% (was -52.22%) — the one name in this cohort still clearly falling rather than stabilizing.

Regime labels (uptrend/pullback/collapse/downtrend/too-young/breakout) describe each fund's structural state, not a trade recommendation. This cycle's central story is a broad-based pause in deterioration — SOXL, QQQM/QQQ, and most of the too-young cohort all stopped falling — but a pause after a sharp decline is not the same as a confirmed reversal, and none of the death-crossed names (GLD, GDX, TAN, ICLN, URA) have flipped their structural status. FXI's move into overbought territory is worth tracking distinctly from the broader recovery, since RSI above 70 on a name still technically death-crossed is an extended condition, not automatically a buy signal.

(Too-young cohort, broadly stabilizing this cycle: RAM $10.44 RSI 37.3 30D -48.42% (improved from -61.16%), SPCH $5.85 RSI 23.9 30D -54.93% (deepened further — the one exception), SSPC $23.17 RSI 74.5 30D +96.02% and SPCQ $29.55 RSI 73.2 30D +90.15% (both extended further into parabolic territory), MRVU $82.34 RSI 39.6 30D -56.85% (improved), MVLL $20.33 RSI 39.5 30D -57.11% (improved, vs SMA200 +16.1%, pullback), CDNG $11.01 RSI 40.1 30D -21.86% (roughly flat), FOMG $5.69 RSI 41.0 30D -54.3% (improved sharply from -67.3%), ENTL $5.66 RSI 34.7 30D -51.46% (improved slightly), CQTM $23.11 RSI 41.1 30D -25.11% (improved), WQTM $31.43 RSI 43.3 30D -14.62% (improved), DISK $32.54 RSI 34.8 30D -27.9% (improved from -39.66%), and LAZR $37.46 RSI 37.0 30D -21.12% (improved from -30.81%) — broad stabilization across nearly the entire cohort.)

Recovered from a three-cycle cooldown — QQQM, QQQ, VOO, VTI, VGT, XLK, FTEC. All golden-crossed or basing, RSI snapped back this cycle after three straight cooling cycles.

Diverged from the broad recovery — IWM cooled while the rest of the broad-market group improved; TNA and JETS also deepened slightly against the grain.

Air-pocket paused, not resolved — SOXL, SOXS, SMH, TQQQ, TECL. All improved this cycle after last cycle's accelerating breakdown, but none have confirmed a genuine reversal.

Still directionless — GLD, GDX, URA, TAN, ICLN. RSI improved across the board but 30-day prints stayed largely flat; no structural change (still death-crossed).

Extending stabilization, now overbought — KWEB continued its multi-cycle improvement; FXI crossed above RSI 70 for the first time, closest yet to a golden-cross flip.

Cooled from breakout highs — SCHD, VYM both eased off last cycle's extreme readings but remain in positive territory.

Broadly stabilizing, one exception — the too-young cohort (14 tickers) mostly recovered ground this cycle; SPCH is the clear outlier, still deepening.

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-31 close — etf-ideas.