CBOE · Market · Weekly analysis

XBOX Elliott Wave report

ROUNDHILL ULTRA SHORT DURATION NO DIVIDEND TARGET ETF

Latest close USD 100.94 Week ending 11 Sep 2026 History 26 weeks
Current reading

No clear wave pattern yet

There is no leading pattern that meets the wave rules. Use the trend and other readings for context while more swings develop.

20/100 Setup score 24/100 Data quality Observing Setup status
A setup score is a measure of fit, not a probability or price forecast.
How to use this report

Start with price. Read the selected pattern and the weekly closing levels beside the chart. “Confirm” means a move supports that interpretation; it does not guarantee a return.

Compare the evidence. A wave count can disagree with the trend, momentum or sector. The report points out those differences before looking at timing.

Check the limits. Timing windows are estimates, the last swing can move, and historical outcomes vary. Open the rules and data notes for more detail.

01 · Price & key levels

The pattern and the prices to watch

Selected wave countNeeds more weekly history

No wave count meets the rules yet. The chart still shows price, trend and confirmed swings.

Other readingsUse the other readings for context

1 of 3 available readings are positive and 0 are negative. There is no leading wave direction to compare them with.

Main uncertaintyUnavailable count stability

Wait for a pattern that meets the wave rules. A label should not be forced onto every price move.

Weekly price and wave pattern

Move across the chart to inspect a week. Turn on explanations for a guide to the marked points.

Weekly close30-week trendFair ValueConfirmationCount failureSelected pattern

The shaded area marks the selected pattern. Filled dots mark confirmed turns; the outlined dot is still forming. Prices use completed weeks; changing the chart range does not recalculate the count.

Weekly chart values
Prices in USD · the history displayed on the chart
Week endingClose30-week trendFair Value
2026-03-2098.94Unavailable98.94
2026-03-2798.98Unavailable98.96
2026-04-0399.06Unavailable98.99
2026-04-1099.28Unavailable99.06
2026-04-1799.29Unavailable99.11
2026-04-2499.32Unavailable99.14
2026-05-0199.38Unavailable99.18
2026-05-0899.45Unavailable99.21
2026-05-1599.65Unavailable99.26
2026-05-2299.58Unavailable99.29
2026-05-2999.66Unavailable99.33
2026-06-0599.65Unavailable99.35
2026-06-1299.76Unavailable99.38
2026-06-1999.94Unavailable99.42
2026-06-2699.91Unavailable99.46
2026-07-03100.11Unavailable99.50
2026-07-10100.19Unavailable99.54
2026-07-17100.26Unavailable99.58
2026-07-24100.37Unavailable99.62
2026-07-31100.44Unavailable99.66
2026-08-07100.52Unavailable99.70
2026-08-14100.58Unavailable99.74
2026-08-21100.70Unavailable99.78
2026-08-28100.79Unavailable99.83
2026-09-04100.84Unavailable99.87
2026-09-11100.94Unavailable99.91
4-week return 0.4%
13-week return 1.2%
26-week return -
52-week return -
From 52-week high 0.0%
26-week volatility 0.5%
02 · Wave count

How the wave count fits

The chart uses a 5.0% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Scenario comparison

Compare the possible patterns

No leading count meets the wave rules yet.

Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.
Leading wave count

No valid count

There is no leading pattern to test yet. Use the other readings and wait for more price swings.

Strategic degreeNo valid count

Strategic degree uses a 8.0% weekly closing-price reversal threshold.

Primary degreeNo valid count

Primary degree uses a 5.0% weekly closing-price reversal threshold.

Tactical degreeNo valid count

Tactical degree uses a 3.5% weekly closing-price reversal threshold.

Active swing 2.0%

25 weeks · Forming

Nearest confirmed support 98.94

Pivot from 2026-03-20

Nearest confirmed resistance -

Price is above prior confirmed highs

30-week trend -

Not available

Fair Value reference 99.91

Price is 1.0% from Fair Value

52-week range position 99%

98.51 low · 100.97 high

03 · Supporting evidence

Where the evidence agrees or disagrees

1 of 3 available readings are positive and 0 are negative. There is no leading wave direction to compare them with.

33% directional agreement

Use the other readings for context.

Trend

The 30-week trend line is not available.

Unavailable
Cycle pressure

The medium-term pressure curve is turning higher.

Rising
Cycle alignment

Cycle lengths are not moving in one clear direction.

Mixed
Relative strength

The reading is neutral or unavailable.

Unavailable
Market activity

The reading is neutral or unavailable.

Unavailable
Market dynamics

The reading is neutral or unavailable.

+0.0
30-week momentum

The reading is neutral or unavailable.

Unavailable
Balance of readings Constructive

1 constructive, 0 weak and 2 neutral measures.

Agreement describes direction among the readings. It does not necessarily support the selected wave count.

Market activity

Whether participation is supporting the move.

No current reading is available. A gap in the data does not count as support.

Relative strength

Performance against the market benchmark.

No current reading is available. A gap in the data does not count as support.

30-week momentum

The pace of the medium-term price move.

No current reading is available. A gap in the data does not count as support.

Market dynamics

A separate scale prevents this lower-range measure being hidden by relative strength.

The reading is neutral or unavailable.

04 · Cycle timing

What cycle timing adds

Cycle estimates help describe timing. They do not set a date for the next price turn.

Cycle pressure is rising. That supports the recent upswing, but it does not establish how long it will last.

Cycle repeat scores range from 0 to 0/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseRising

Current medium-term pressure direction

Cycle agreementMixed

50/100 constructive · 50/100 risk

Estimated next low16 weeks

Timing estimate, not a dated forecast

Estimated next high18 weeks

Timing estimate, not a dated forecast

Cycle pressure

Above zero is positive pressure; direction matters more than the absolute number.

Shorter and longer cycles

The thick line is the blended reading; thinner lines show 20, 40 and 80-week components.

An observed cycle is the repeat found in past prices. The repeat score describes how clearly it appears. FLD is a shifted price reference used to check a turn. Low timing scores can coexist with a positive price-cross check.

Typical / observed cycle10w / 10w
Current phaseCresting
Repeat score0/100
Price-cross check (FLD)Unconfirmed
Since last trough14w
Possible next low4–8w
Typical / observed cycle20w / 20w
Current phaseRising
Repeat score0/100
Price-cross check (FLD)Unconfirmed
Since last trough4w
Possible next low11–21w
Typical / observed cycle40w / 40w
Current phaseWarming
Repeat score0/100
Price-cross check (FLD)Unconfirmed
Since last trough-
Possible next low-
Typical / observed cycle80w / 80w
Current phaseWarming
Repeat score0/100
Price-cross check (FLD)Unconfirmed
Since last trough-
Possible next low-
05 · Risk

Risk behind the price move

Wave structure is easier to judge when drawdown, volatility and participation are visible beside it.

Risk in context

How much room price has to move

Price is 0.0% below the highest weekly close in the stored history. It is 0.0% below the 52-week high. The two figures use different reference points.

Largest contributors to the risk score

  • Range position

    Price is 99% of the way through its 52-week low-to-high range.

  • Count instability

    The primary interpretation has unavailable recent stability.

  • Multi-cycle risk

    Hurst risk alignment is 50/100.

Downside risk check

Watch

32/100
Wave maturity0/25
Trend extension0/20
Range position14/15
Cycle rollover0/15
Multi-cycle risk8/15
Count instability10/10
Event proximity0/10

This score combines the risk checks shown here. A higher score means more warning signs, not a measured probability of a fall.

52-week low98.51
52-week high100.97
Annualised volatility0.5%

Based on the latest 26 weekly returns

Average weekly range0.3%

Average high-to-low range over 13 weeks

Current drawdown0.0%

From the highest close in the stored record

Latest volume32%

Of its trailing 20-week average

Drawdown history

Distance below the highest prior weekly close.

Realised volatility

Annualised variability of the latest 26 weekly returns.

Relative volume

Weekly volume as a percentage of its 20-week average.

06 · Market context

Sector trends and upcoming events

Compare the pattern with other stocks in the sector, then check whether an event could change the price picture.

Sector breadth

Upward wave counts are not a majority among the analysed peers. That alone does not establish a downward sector trend.

13% constructive

2 of 15 analysed peers have a leading upward wave pattern.

33% have improving cycles Breadth shows whether peers share the structure. Cohort outcomes use non-overlapping, point-in-time trend and momentum states from the same sector and report benchmark excess return when matching benchmark bars exist; they are context, not a backtest of the Elliott count.
Earnings and options

Only options information is available

Options: Mixed · 30/100 conviction · ±1.5% expected move

No additional warning is recorded. Missing event data does not rule out a surprise.

These are the latest stored event readings. Missing earnings or options data does not mean that event risk is absent.
Peer-state horizonNon-overlapping samplesPositiveMedianMedian excess vs SPYMiddle 80% of returns
4 weeks0----
13 weeks0----
26 weeks0----
07 · History

What happened after similar readings

There are not enough completed, comparable outcomes to draw a useful historical comparison.

0 similar weekly states
Not enough comparable history yet

Historical context appears only when at least eight completed outcomes are available for one of the measured horizons.

At least 90 weekly observations are required.

Data quality, rules and limitations
Evidence quality24/100

This measures usable history, indicator coverage and confirmed swing points. It does not measure the chance of the scenario succeeding.

Weekly history
10/100
Indicator coverage
38/100
Confirmed structure
17/100
Model ewc-2.1.0 · as of 2026-09-11 · only the final active pivot is provisional; confirmed pivots are retained.
How the count is built

Rules and data notes

  • Swing points use weekly closes and a 5.0% adaptive reversal threshold.
  • The final swing is provisional until the reversal threshold is met.
  • Candidate counts must pass the Wave 2 origin, Wave 3 progression/length and Wave 4 overlap rules when those waves are present.
  • Fibonacci proportions and alternation rank valid candidates but never rescue a hard-rule failure.
  • Primary and alternate evidence weights compare admissible counts; they are not probabilities.
  • Nominal Hurst periods adapt to observed weekly rhythm. Future windows include measured timing uncertainty and require FLD or price confirmation.
Audit trail

Recent swing points

Dates and prices for the recent swings. The final point can still move.

DateStatusTypePriceMoveDuration
2026-03-20 Confirmed Low 98.94 - 0 weeks
2026-09-11 Forming High 100.94 2.0% 25 weeks

Chart guide

Evidence context