Midday Wave #89: Breadth Splits, Index Goes Dark: Trading Bottom-Up Into the Close – Monday 8/17/2026

Episode summary

Intermediate and short-term breadth diverge sharply as the 40SMA trend cracks while the 20SMA surges, and the Bull count halves overnight. With SPY, QQQ, and IWM data dark, the analyst breaks down which individual names are confirming on real volume versus riding thin RVOL, and lays out the exact levels — CRDO’s 280.46 breakout and STDN’s 13.57–13.69 supply zone — that matter into the close.