The broad-market and tech sleeve reversed last cycle's cooldown with a sharp 30-day bounce — QQQM's 30-day print jumped to +8.25% from +1.15% and RSI recovered to 51.9 from 50.2, with the same pattern across QQQ, VOO (RSI 56.7, was 54.1), VTI, VGT, XLK, and FTEC — while every name stayed comfortably above its 200-day (QQQM +9.4%, VOO +8.4%, VTI +8.4%). One-year returns cooled modestly across the group as the trailing window rolled forward (QQQM +24.16%, was +26.66%; VOO +18.56%, was +20.44%), but every reading stays deeply positive — a continuation of an intact secular uptrend, not a new development. Small caps are the one part of the broad-market complex that did not participate: IWM's RSI actually fell to 45.3 from 52.6 even as its price ticked up, and its one-year return cooled sharply to +26.2% from +33.8%; the small-cap leveraged fund TNA showed the same divergence (RSI 51.2 → 43.9, one-year cushion narrowing from +27.0% to +20.0% above its 200-day). The gold complex cooled hard off last cycle's parabolic extension — GDX's RSI fell to 62.9 from 75.3 and NUGT's to 61.4 from 75.6, both downgraded out of the parabolic regime to pullback — and GLD's price slipped back BELOW its 200-day this cycle (vs-SMA200 -1.4%, was +2.4%), reversing the cross that last scan flagged as a resolved multi-cycle watch item. SOXL's price fell further (to $111.34 from $120.60) even as its 30-day print reversed sharply to +21.03% from -25.09% — but its 200-day cushion compressed hard, to just +4% from +14.5%, the tightest margin this fund has shown in this tracked window, against a one-year return that itself cooled to +290.39% from +375.93%. SSPC and SPCQ both deepened their slide for a third straight cycle — SSPC's 30-day print widened to -50.98% from -45.62%, SPCQ's to -53.41% from -47.64%. DUST recovered off the universe's prior lowest RSI (33.3, was 26.3) as the gold-miner rally it shorts cooled. KWEB stayed the genuinely broken name of the FXI/KWEB pair — its one-year deficit widened slightly to -29.87% (was -28.72%) with its 200-day gap essentially unchanged at -14.2%, while FXI's own recovery stalled (RSI 52.6, was 57.9; 30D -1.69%, was +4.15%).

Data as-of the 2026-08-28 close. Source: etf-ideas, read directly — no computed math. Prior scan: 2026-08-22-etf-universe (2026-08-21 close).

The broad-market and tech sleeve staged a sharp 30-day recovery this cycle, reversing last cycle's cooldown. QQQM ($294.98, RSI 51.9, was 50.2; 30D +8.25%, was +1.15%) and QQQ ($716.43, RSI 51.9) both bounced hard on the month while one-year returns cooled modestly to +24.16%/+24.61% (from +26.66%/+27.13%) as the trailing window rolled forward — still comfortably above their 200-days at +9.4%/+9.3%. VOO ($707.24, RSI 56.7, was 54.1; 30D +5.46%, was +2.43%) and VTI ($379.36, RSI 55.3, was 54.2) show the same pattern, one-year returns at +18.56%/+18.51%, vs-SMA200 at +8.4% for both. The tech-sector trio VGT/XLK/FTEC (RSI 54.2/53.0/54.2, all up from the low-50s) all extended their 30-day prints into double digits (+10.97%/+11.48%/+11.03%) while one-year returns held at +35-40% and vs-SMA200 cushions widened slightly to +16.4-16.5%. Per the desk's long-horizon read, this is the short-window cooldown flagged last cycle resolving upward — nothing here suggests the underlying uptrend was ever in question.

Small caps are the one part of the broad-market complex that sat out the bounce entirely. IWM ($295.75, RSI 45.3, was 52.6 — fell, did not rise with the rest of the group; 7D -1.39%, 30D +2.49%) is the clean divergence this cycle: its one-year return cooled sharply to +26.2% from +33.8%, and its vs-SMA200 cushion narrowed to +9.0% from +11.1%. The small-cap leveraged fund TNA ($69.95, RSI 43.9, was 51.2) shows the identical pattern — one-year return down to +65.48% from +96.24%, vs-SMA200 compressed to +20.0% from +27.0%. Both remain solidly above their 200-days, but the divergence from the rest of the broad-market complex is real and worth tracking.

SOXL's price fell further even as its 30-day print reversed sharply — and its 200-day cushion compressed to its tightest margin in this tracked window. SOXL ($111.34, RSI 40.5, was 42; 30D +21.03%, was -25.09%; 3M -50.37%, was -36.71%, worse) saw its price decline from $120.60 to $111.34 over the week even as the 30-day comparison window flipped strongly positive — the fund's vs-SMA200 cushion fell to just +4% from +14.5%, the tightest margin in this tracked window, against a one-year return that itself cooled to +290.39% from +375.93%. This is the name to watch for an actual 200-day test, not SOXL's headline one-year number. Its inverse counterpart SOXS ($49.82, RSI 52.8, was 50) saw its 30-day print reverse to -31.89% from +5.64%, one-year still -96.21% — structural decay continuing independent of any single cycle. SMH ($553.11, RSI 45, was 45.7; 30D +9.7%, was -4.51%) reversed hard on the month, still +85.64% on the year and +17.1% above its 200-day (both cooled modestly from +95.56%/+20.0%). TECL ($200.82, RSI 51.1, was 47.6; 30D +33.77%, was +1.84%) extended sharply, one-year +101.46% (was +112.44%), vs-SMA200 +32.9%.

The gold complex cooled hard off last cycle's parabolic extension, and GLD's price fell back below its 200-day. GDX ($99.65, RSI 62.9, was 75.3; regime now pullback, was parabolic) saw its vs-SMA200 cushion compress to +11.6% from +16.1%, even as its 30-day print extended slightly to +35.45% from +34.1%. NUGT ($194.47, RSI 61.4, was 75.6; regime now pullback) shows the same pattern, one-year cooling to +93.12% from +120.21%. GLD ($408.89, RSI 54.6, was 71.2) is the clearest reversal in this group — its price crossed back below its 200-day this cycle, vs-SMA200 falling to -1.4% from +2.4%, undoing last cycle's cross and one-year return cooling to +29.79% from +37.77%. DUST ($32.36, RSI 33.3, was 26.3) recovered off the universe's prior lowest RSI as the miners it shorts cooled, though it remains deep in collapse at -81.48% on the year.

FXI's recovery stalled while KWEB stayed the genuinely broken name of the pair. FXI ($35.51, RSI 52.6, was 57.9; 30D -1.69%, was +4.15%) gave back some of last cycle's bounce, its 200-day gap widening slightly to -3.6% from -2.9% and one-year deficit to -7.91% from -6.54%. KWEB ($26.32, RSI 42.3, was 43.7) stayed essentially unchanged on the long-horizon fields — one-year -29.87% (was -28.72%), vs-SMA200 -14.2% (was -14.0%) — still a trend genuinely under test, not a name recovering alongside FXI.

SSPC and SPCQ both deepened their slide for a third straight cycle. SSPC ($10.55, RSI 41.3, was 42.8; 30D -50.98%, was -45.62%) and SPCQ ($12.93, RSI 40.6, was 42.4; 30D -53.41%, was -47.64%) both extended their losses further, now -57.22%/-58.95% off their 52-week highs. Elsewhere in the too-young cohort, several names reversed sharply higher on 30D (DRAM +24.48%, was -0.16%; RAM +45.24%, was -8.81%; SPCH +43.85%, was +27.91%; MRVU +62.71%; ENTL +45.43%) while CDNG (RSI 51.6, was 34.9) climbed out of the bottom of the universe's RSI range. This desk has no corpus source identifying a driver for any of these too-young single-name moves.

The income sleeve continued cooling off its prior extension. SCHD ($34.90, RSI 63.5, was 71) and JEPI ($57.79, RSI 54.8, was 61.5) both fell further from last cycle's push. VYM ($164.25, RSI 50.7, was 56.1) and XYLD ($41.52, RSI 56.5, was 65.2) continued the same de-extension. DOGG ($22.32, RSI 53.2, was 64) cooled sharply. IBB ($208.95, RSI 58.8, was 70.7) also cooled meaningfully from its prior extension, still +51.54% on the year.

Regime labels (uptrend/pullback/collapse/downtrend/too-young/breakout/basing/parabolic) describe each fund's structural state, not a trade recommendation. This cycle largely reverses last cycle's story: the broad-market/tech complex's short-window cooldown resolved upward on 30D, while the gold complex's parabolic extension resolved downward — GDX and NUGT both downgraded out of parabolic, and GLD's price crossed back below its 200-day just one cycle after crossing above it. That whipsaw is itself the lesson: a single cycle's cross, in either direction, is not yet a confirmed trend change on a fund that has flipped twice in two cycles. SOXL's 200-day cushion compressing to +4% from +14.5% is the more durable signal in the leveraged-fund complex — worth more attention going forward than its still-enormous one-year number, which itself cooled from +375.93% to +290.39% as the comparison window rolled forward. IWM and TNA's divergence from the rest of the broad-market bounce — RSI falling while price ticked up — is the cleanest single new development this cycle and worth checking again next cycle before calling it a trend.

(Too-young cohort not fully tabled above: RAM $12.20 RSI 48.5 30D +45.24%; SPCH $9.12 RSI 49.7 30D +43.85%; SSPC $10.55 RSI 41.3 30D -50.98% (deepened from -45.62%); SPCQ $12.93 RSI 40.6 30D -53.41% (deepened from -47.64%); MRVU $102.62 RSI 45 30D +62.71%; MVLL $25.06 RSI 44.8 30D +60.13%; CDNG $10.80 RSI 51.6 30D +1.69%; FOMG $4.70 RSI 39.2 30D +32.77%; ENTL $6.69 RSI 41.4 30D +45.43%; CQTM $23.69 RSI 42.8 30D +12.06%; WQTM $32.06 RSI 43.6; DISK $35.99 RSI 48.3; LAZR $42.08 RSI 47.5. This desk has no corpus source identifying a driver for any of these single-name moves.)

Broad-market/tech sleeve reverses last cycle's cooldown on the 30-day window — QQQM, QQQ, VOO, VTI, VGT, XLK, FTEC all bounced sharply while one-year returns cooled modestly and stayed strongly positive above their 200-days.

Small caps are the clean divergence this cycle — IWM and TNA both saw RSI fall even as price ticked up, and their one-year cushions narrowed meaningfully versus the rest of the broad-market complex.

SOXL's 200-day cushion compresses to its tightest margin tracked — the leveraged semis fund's near-term reversal (+21.03% 30D) sits against a vs-SMA200 gap that fell to +4% from +14.5%, worth more attention than the still-enormous one-year number.

Gold complex cools out of parabolic, GLD flips back below its 200-day — GDX and NUGT both downgraded to pullback, and GLD's price crossed back below its 200-day one cycle after crossing above it.

FXI/KWEB pair: FXI's recovery stalled, KWEB stayed unchanged and broken — neither name's story moved meaningfully this cycle.

SSPC/SPCQ deepen for a third straight cycle — no floor yet on either fund's 30-day slide.

Income sleeve continues cooling off its prior extension — SCHD, JEPI, VYM, XYLD, and DOGG all pulled back further from elevated RSI readings.

• Tape data (price/RSI/SMA/returns/change1y/alpha1y): full-scan pre-computed summaries as of the 2026-08-28 close — etf-ideas.