Two scans of group-wide cooling ended in one week: all four funds rose, every RSI climbed back above 50, and three of the four 30-day windows that had just turned negative are back to flat or better. The software fund, which had been the group's deteriorating laggard for two straight scans, was the second-best performer at +2.79% and its trailing year stopped getting worse (-9.68% to -9.55%). All four still sit well above their 200-day averages, so the pullback ended where it should have — inside intact trends rather than below them.

Data as-of the 2026-09-18 close. Prior scan: 2026-09-11-cloud-etfs (data as-of the 2026-09-11 close). The 7-day window runs 2026-09-11 to 2026-09-18, so the comparisons below line up exactly with that scan.

The reversal was uniform. WisdomTree Cloud rose 3.76% and took RSI from 46.1 to 51.5, the iShares software fund rose 2.79% to RSI 52.2, the Global X cloud fund rose 2.54% to 52.5, and First Trust Cloud rose 2.24% to 54.9. Two scans ago every 30-day window in this group had just flipped negative for the first time in the stretch; this week three of the four are back to flat or positive, with WisdomTree Cloud the only one still slightly under at -0.69%.

The laggard story changed. The software fund's trailing year had gone from -2.12% to -9.68% across two scans, which was the one deteriorating signal on this board. It is now -9.55% — effectively unchanged, meaning the slide stopped. Its 200-day cushion also widened to 11.4% from 8.4%, and its 30-day window is the strongest in the group at +1.50%. It is still the weakest of the four on the long horizon by a wide margin: the other three carry trailing years of +9.47%, +16.69% and +18.58%, and the software fund's return relative to the market over the past year remains the group's only deeply negative figure.

Three months of context matter more than the week here. Over that window the group is up 17.13% to 36.18%, which is why a two-scan dip never threatened the structure. Every fund now sits 4.3% to 6.0% above its 50-day and 11.4% to 24.3% above its 200-day, and none is more than 11.56% below its own 52-week high.

One thing this board did share with the rest of the tape: Friday itself was red across all four, between -1.35% and -2.00%, on the week the Fed raised rates a quarter point on Wednesday and quarterly options expired on Friday. Whether that is positioning or the start of a give-back is next week's question, and no receipt on this board can answer it.

Numbers for 09-18 come from this scan's price table; numbers for 09-11 come from the September 11 cloud ETF scan.

• WCLD reversed hardest: RSI 46.1→51.5, price $38.78→$40.24, 7D -4.76%→+3.76%, 30D -2.14%→-0.69%.
• IGV recovered and its trailing-year slide stopped: RSI 48.0→52.2, price $101.52→$104.35, 7D -2.92%→+2.79%, 30D -1.51%→+1.50%; trailing year -9.68%→-9.55%.
• CLOU recovered: RSI 48.7→52.5, price $27.13→$27.82, 7D -2.37%→+2.54%, 30D -2.30%→-0.11%.
• SKYY recovered: RSI 51.4→54.9, price $158.47→$162.02, 7D -1.91%→+2.24%, 30D -2.52%→+0.53%.
• No entrants, no dropouts, no regime change: all four were and remain intact uptrends above their 200-day averages.

Everything here is tape. The news layer is unavailable for this board — two pulls failed outright on a rate limit five months ago and have not refreshed, one returned nothing, and one is three months old — so no move below is explained, and the absence of a headline is not evidence that nothing happened.

On structure, all four funds are above both their 50-day and 200-day averages, which is the setup the last two scans described as an intact trend cooling. That framing held: the cooling stopped at RSI 46 and reversed, without any fund reaching oversold. Three carry positive trailing years and positive returns relative to the market; the software fund carries neither, and it is the one row on this board where a bounce should be read as counter-trend until its year turns.

These are baskets, not single names, so a low or high reading here is a statement about the group's average, not about any holding inside it. The relevant cross-read this week is that software and security names moved together: the cybersecurity board this desk tracks was green across all eleven rows on the same seven days.

Capitulation (RSI below 25): None.

Oversold (RSI 25-40): None.

Neutral/Strong (RSI 40 and up): All four, now spanning 51.5 to 54.9 — a tighter and higher cluster than last scan's 46.1 to 51.4, and the first time in three scans the range has moved up rather than down.

Conditions, not advice.

• Does the software fund's year turn, or does it stay the group's structural laggard?
• Was the reversal a group re-rating or the software and security complex pulling the baskets along?
• Does Friday's uniform red close extend, given every fund is within 1.4% of its 20-day?

• Tape data (price, RSI, moving averages, returns, long-horizon): full-scan pre-computed summaries as of the 2026-09-18 close — cloud-etfs.
• Prior-scan comparison values: 2026-09-11-cloud-etfs.
• Cross-read to the security complex: cybersec as of the 2026-09-18 close.
• News pulls checked and unusable: WCLD (latest, fetched 2026-04-29, marked failed and stale on a rate-limit error), SKYY (fetched 2026-04-29, same failure), CLOU (fetched 2026-07-07, zero articles), IGV (fetched 2026-06-21). No cause is claimed for any move on this board.
• Federal Reserve quarter-point increase, September 16 — 2026-09-16-cnbc-fed-delivers-its-first-hike-in-3-years-plus-what-s-moving-st-108363844.