After Friday’s first signs of fatigue, Monday’s session brought another day of weak participation while the major U.S. indices hovered near record highs. Short- and medium-term breadth ticked lower again, but the majority of stocks still trade above key moving averages and new lows remain limited. The current breadth trend remains neutral with a slight positive bias, but the cushion is getting thinner.
The muted action reflects a broader sense of indecision across markets, with traders weighing the central bank’s interest-rate path against the latest geopolitical and trade uncertainties.
New York, NY – December 8, 2025 – The S&P 500 has been navigating a period of pronounced investor caution, exhibiting narrow trading ranges and minor declines as the financial world holds its breath for the Federal Reserve's crucial monetary policy decision this week. With the Federal Open Market Committee (FOMC)
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U.S. indices finished the week parked right under resistance with only a mild negative breadth day on Friday. Under the surface, participation remains broad and trend metrics are still strong, but the post-selloff rebound is clearly shifting from “surge” to “digestion,” especially in small caps.
Moving averages are calculated by combining price points of an instrument over a specified time frame and dividing by the number of data points to obtain a single trend line.
After a powerful breadth surge in the previous session, Thursday’s action cooled but remained net positive. Major indexes are pressing into resistance zones while most breadth gauges hold above the 50% line, pointing to a healthy uptrend that is starting to look extended rather than euphoric.
