Market Monitor Trends and Breadth August 19 BMO - Breadth steadies and leans higher after Friday’s wobble

[ChartMill Market Monitor Report Trends and Breadth]
_(All data & visualisations by ChartMill.com)_

DAILY MARKET TREND ANALYSIS – AUGUST 18, 2025 (AFTER MARKET CLOSE)

Calm tape, waiting on Powell

SHORT TERM TREND

[ChartMill US Indices Performance daily]
SPY (S&P 500 ETF) [https://www.chartmill.com/stock/quote/SPY]

* Short-Term Trend: BULLISH (FROM NEUTRAL)
* Next Support at $620 - $600
* Next Resistance at /
* Volume: Well Below Average (50)
* Pattern: Down Day -Narrow Trading Range

QQQ (NASDAQ-100 ETF) [https://www.chartmill.com/stock/quote/QQQ]

* Short-Term Trend: Bullish (no change)
* Next Support at $550 - $540
* Next Resistance at /
* Volume: Well Below Average (50)
* Pattern: Down Day - Bull Flag Pattern

IWM (RUSSELL 2000 ETF) [https://www.chartmill.com/stock/quote/IWM]

* Short-Term Trend: POSITIVE (from neutral)
* Next Support at $225
* Next Resistance at $245
* Volume: Far Below Average (50)
* Pattern: Up Day - Inside Day

LONG TERM TREND

[ChartMill US Indices Performance weekly]
SPY (S&P 500 ETF) [https://www.chartmill.com/stock/quote/SPY]

* Long-Term Trend: Positive (no change)

QQQ (NASDAQ-100 ETF) [https://www.chartmill.com/stock/quote/QQQ]

* Long-Term Trend: Positive (no change)

IWM (RUSSELL 2000 ETF) [https://www.chartmill.com/stock/quote/IWM]

* Long-Term Trend: Positive (from neutral)

DAILY MARKET BREADTH ANALYSIS – AUGUST 18, 2025 (AFTER MARKET CLOSE)

After Friday’s cooling, breadth improved modestly. Participation above key moving averages ticked up, weekly and multi‑month advance/decline composites strengthened, while new highs softened—suggesting a constructive trend with leadership still a bit hesitant.
[ChartMill US Indices Performance weekly]

DAILY PARTICIPATION (AUG 18, 2025):

*
Advancers 52.2% vs. decliners 44.6% — a small positive swing from Friday’s 38%/59%.

*
Big movers: +4% advancers at 4.0% outpaced −4% decliners at 1.7%, indicating healthier upside momentum than on Friday (3.0% / 2.5%).

*
“Pocket Pivots [https://www.chartmill.com/documentation/technical-analysis/indicators/36-Pocket-Pivots]” improved to 27% (from 24.4%).

BREADTH VS. MOVING AVERAGES:

*
Above SMA20: 61% (from 59.8%).

*
Above SMA50: 65% (roughly unchanged vs. 65.1%).

*
Above SMA100: 70.5% (flat).

*
Above SMA200: 56.6% (from 56.1%).

This keeps a majority of stocks above all key SMAs, a constructive backdrop that we highlighted earlier last week despite the mid‑week sell pressure.

BREAKOUTS AND BREAKDOWNS:

*
New highs: 2.5% (down from 4.8%).

*
New lows: 0.6% (down from 0.9%).

Leadership breadth softened (fewer NH), but stress stayed contained (very few NL).

MULTI‑PERIOD ADVANCE/DECLINE COMPOSITES:

*
Weekly: Adv 71.2% / Decl 27.8% (better than 69.2% / 29.8%).

*
Monthly: Adv 59.7% / Decl 39.7% (from 58.9% / 40.5%).

*
3‑Month: Adv 73.2% / Decl 26.1% (strong jump from 67.4% / 31.8%).

*
3‑Month, ±25% movers: Adv 16.9% / Decl 4.9% (from 15.2% / 5.7%).

These mark a clear improvement in medium‑term participation, consistent with the broader trend we’ve been tracking since early August.

CONTEXT VS. THE PRIOR NOTE:

On Friday we noted breadth had cooled after two strong sessions.

Today’s data show a stabilization and mild re‑acceleration: more stocks above short‑term averages, stronger weekly/monthly composites, and fewer deep decliners. The one caveat is weaker new‑highs, implying leadership is still cautious even as participation broadens.

Bottom line — Breadth Trend Rating: POSITIVE
[ChartMill Market Breadth Trend Result ]
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KRISTOFF - ChartMill

Next to read: Market Monitor News, August 19 BMO [https://www.chartmill.com/news/HD/Chartmill-33344-Market-Monitor-News-August-19-BMO-Solar-Sizzle-Calm-Tape-Policy-Tweaks-Lift-Renewables-as-Wall-Street-Waits-on-Powell]