LSE ยท ETF ยท ENHANCED MARKET DYNAMICS

SXLC

State Street SPDR S&P U.S. Communication Services Select Sector UCITS ETF

GB

EMD SCORE53/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build0% directional agreement68% evidence confidence
Completed week
28 Aug 2026
Latest close
USD 54.15
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 supportive ยท 3 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
8 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท USD +100+500-50-100 58.7442.2725.80 8 Sep 2023 ยท EMD 66/100 ยท close 29.06 15 Sep 2023 ยท EMD 67/100 ยท close 29.38 22 Sep 2023 ยท EMD 61/100 ยท close 28.70 29 Sep 2023 ยท EMD 68/100 ยท close 28.67 6 Oct 2023 ยท EMD 66/100 ยท close 28.58 13 Oct 2023 ยท EMD 59/100 ยท close 29.06 20 Oct 2023 ยท EMD 63/100 ยท close 28.88 27 Oct 2023 ยท EMD 53/100 ยท close 27.57 3 Nov 2023 ยท EMD 72/100 ยท close 29.33 10 Nov 2023 ยท EMD 66/100 ยท close 29.30 17 Nov 2023 ยท EMD 72/100 ยท close 30.20 24 Nov 2023 ยท EMD 79/100 ยท close 30.68 1 Dec 2023 ยท EMD 71/100 ยท close 30.18 8 Dec 2023 ยท EMD 85/100 ยท close 30.53 15 Dec 2023 ยท EMD 83/100 ยท close 30.98 22 Dec 2023 ยท EMD 81/100 ยท close 31.56 29 Dec 2023 ยท EMD 82/100 ยท close 31.76 5 Jan 2024 ยท EMD 81/100 ยท close 31.43 12 Jan 2024 ยท EMD 86/100 ยท close 32.13 19 Jan 2024 ยท EMD 89/100 ยท close 32.21 26 Jan 2024 ยท EMD 87/100 ยท close 33.72 2 Feb 2024 ยท EMD 89/100 ยท close 34.12 9 Feb 2024 ยท EMD 85/100 ยท close 33.86 16 Feb 2024 ยท EMD 85/100 ยท close 33.88 23 Feb 2024 ยท EMD 85/100 ยท close 33.94 1 Mar 2024 ยท EMD 83/100 ยท close 33.79 8 Mar 2024 ยท EMD 85/100 ยท close 33.85 15 Mar 2024 ยท EMD 77/100 ยท close 33.76 22 Mar 2024 ยท EMD 85/100 ยท close 34.88 29 Mar 2024 ยท EMD 83/100 ยท close 34.91 5 Apr 2024 ยท EMD 83/100 ยท close 35.15 12 Apr 2024 ยท EMD 75/100 ยท close 34.82 19 Apr 2024 ยท EMD 71/100 ยท close 33.88 26 Apr 2024 ยท EMD 74/100 ยท close 34.19 3 May 2024 ยท EMD 76/100 ยท close 34.32 10 May 2024 ยท EMD 68/100 ยท close 34.93 17 May 2024 ยท EMD 75/100 ยท close 35.28 24 May 2024 ยท EMD 71/100 ยท close 35.36 31 May 2024 ยท EMD 70/100 ยท close 35.26 7 Jun 2024 ยท EMD 79/100 ยท close 36.36 14 Jun 2024 ยท EMD 73/100 ยท close 35.81 21 Jun 2024 ยท EMD 77/100 ยท close 36.07 28 Jun 2024 ยท EMD 80/100 ยท close 36.86 5 Jul 2024 ยท EMD 84/100 ยท close 37.25 12 Jul 2024 ยท EMD 73/100 ยท close 37.09 19 Jul 2024 ยท EMD 68/100 ยท close 36.62 26 Jul 2024 ยท EMD 66/100 ยท close 35.83 2 Aug 2024 ยท EMD 68/100 ยท close 36.22 9 Aug 2024 ยท EMD 75/100 ยท close 36.08 16 Aug 2024 ยท EMD 75/100 ยท close 36.81 23 Aug 2024 ยท EMD 73/100 ยท close 37.46 30 Aug 2024 ยท EMD 64/100 ยท close 37.08 6 Sep 2024 ยท EMD 58/100 ยท close 36.05 13 Sep 2024 ยท EMD 65/100 ยท close 37.13 20 Sep 2024 ยท EMD 67/100 ยท close 37.83 27 Sep 2024 ยท EMD 81/100 ยท close 38.66 4 Oct 2024 ยท EMD 71/100 ยท close 38.51 11 Oct 2024 ยท EMD 80/100 ยท close 38.68 18 Oct 2024 ยท EMD 82/100 ยท close 39.04 25 Oct 2024 ยท EMD 79/100 ยท close 39.05 1 Nov 2024 ยท EMD 82/100 ยท close 39.76 8 Nov 2024 ยท EMD 88/100 ยท close 41.02 15 Nov 2024 ยท EMD 77/100 ยท close 40.84 22 Nov 2024 ยท EMD 84/100 ยท close 41.23 29 Nov 2024 ยท EMD 90/100 ยท close 41.97 6 Dec 2024 ยท EMD 90/100 ยท close 43.02 13 Dec 2024 ยท EMD 86/100 ยท close 43.24 20 Dec 2024 ยท EMD 78/100 ยท close 42.06 27 Dec 2024 ยท EMD 77/100 ยท close 41.98 3 Jan 2025 ยท EMD 81/100 ยท close 41.89 10 Jan 2025 ยท EMD 69/100 ยท close 41.20 17 Jan 2025 ยท EMD 84/100 ยท close 41.98 24 Jan 2025 ยท EMD 78/100 ยท close 42.93 31 Jan 2025 ยท EMD 87/100 ยท close 44.21 7 Feb 2025 ยท EMD 80/100 ยท close 43.99 14 Feb 2025 ยท EMD 89/100 ยท close 44.86 21 Feb 2025 ยท EMD 73/100 ยท close 44.48 28 Feb 2025 ยท EMD 68/100 ยท close 43.01 7 Mar 2025 ยท EMD 62/100 ยท close 42.18 14 Mar 2025 ยท EMD 58/100 ยท close 41.22 21 Mar 2025 ยท EMD 60/100 ยท close 41.58 28 Mar 2025 ยท EMD 50/100 ยท close 40.94 4 Apr 2025 ยท EMD 43/100 ยท close 38.20 11 Apr 2025 ยท EMD 50/100 ยท close 39.08 18 Apr 2025 ยท EMD 45/100 ยท close 39.10 25 Apr 2025 ยท EMD 51/100 ยท close 41.03 2 May 2025 ยท EMD 58/100 ยท close 42.62 9 May 2025 ยท EMD 52/100 ยท close 42.15 16 May 2025 ยท EMD 63/100 ยท close 44.15 23 May 2025 ยท EMD 59/100 ยท close 44.03 30 May 2025 ยท EMD 69/100 ยท close 44.56 6 Jun 2025 ยท EMD 76/100 ยท close 45.80 13 Jun 2025 ยท EMD 75/100 ยท close 45.96 20 Jun 2025 ยท EMD 70/100 ยท close 45.24 27 Jun 2025 ยท EMD 80/100 ยท close 47.17 4 Jul 2025 ยท EMD 76/100 ยท close 47.33 11 Jul 2025 ยท EMD 71/100 ยท close 46.68 18 Jul 2025 ยท EMD 70/100 ยท close 46.77 25 Jul 2025 ยท EMD 80/100 ยท close 47.85 1 Aug 2025 ยท EMD 72/100 ยท close 47.47 8 Aug 2025 ยท EMD 83/100 ยท close 48.60 15 Aug 2025 ยท EMD 87/100 ยท close 49.92 22 Aug 2025 ยท EMD 82/100 ยท close 49.54 29 Aug 2025 ยท EMD 83/100 ยท close 49.85 5 Sep 2025 ยท EMD 87/100 ยท close 51.97 12 Sep 2025 ยท EMD 83/100 ยท close 52.13 19 Sep 2025 ยท EMD 88/100 ยท close 53.35 26 Sep 2025 ยท EMD 78/100 ยท close 52.40 3 Oct 2025 ยท EMD 72/100 ยท close 51.42 10 Oct 2025 ยท EMD 72/100 ยท close 50.97 17 Oct 2025 ยท EMD 78/100 ยท close 51.43 24 Oct 2025 ยท EMD 69/100 ยท close 51.36 31 Oct 2025 ยท EMD 69/100 ยท close 51.99 7 Nov 2025 ยท EMD 59/100 ยท close 50.68 14 Nov 2025 ยท EMD 64/100 ยท close 51.09 21 Nov 2025 ยท EMD 66/100 ยท close 51.46 28 Nov 2025 ยท EMD 75/100 ยท close 53.63 5 Dec 2025 ยท EMD 75/100 ยท close 53.93 12 Dec 2025 ยท EMD 65/100 ยท close 52.51 19 Dec 2025 ยท EMD 72/100 ยท close 52.92 26 Dec 2025 ยท EMD 68/100 ยท close 53.29 2 Jan 2026 ยท EMD 62/100 ยท close 52.73 9 Jan 2026 ยท EMD 68/100 ยท close 53.69 16 Jan 2026 ยท EMD 57/100 ยท close 52.79 23 Jan 2026 ยท EMD 73/100 ยท close 53.21 30 Jan 2026 ยท EMD 74/100 ยท close 54.94 6 Feb 2026 ยท EMD 55/100 ยท close 53.11 13 Feb 2026 ยท EMD 54/100 ยท close 52.37 20 Feb 2026 ยท EMD 59/100 ยท close 53.05 27 Feb 2026 ยท EMD 56/100 ยท close 53.88 6 Mar 2026 ยท EMD 60/100 ยท close 53.94 13 Mar 2026 ยท EMD 55/100 ยท close 53.09 20 Mar 2026 ยท EMD 51/100 ยท close 52.21 27 Mar 2026 ยท EMD 40/100 ยท close 49.70 3 Apr 2026 ยท EMD 51/100 ยท close 51.74 10 Apr 2026 ยท EMD 51/100 ยท close 53.83 17 Apr 2026 ยท EMD 64/100 ยท close 56.02 24 Apr 2026 ยท EMD 60/100 ยท close 55.18 1 May 2026 ยท EMD 82/100 ยท close 56.97 8 May 2026 ยท EMD 76/100 ยท close 56.83 15 May 2026 ยท EMD 77/100 ยท close 56.51 22 May 2026 ยท EMD 68/100 ยท close 56.16 29 May 2026 ยท EMD 68/100 ยท close 56.04 5 Jun 2026 ยท EMD 62/100 ยท close 53.96 12 Jun 2026 ยท EMD 58/100 ยท close 53.51 19 Jun 2026 ยท EMD 55/100 ยท close 52.94 26 Jun 2026 ยท EMD 45/100 ยท close 51.12 3 Jul 2026 ยท EMD 47/100 ยท close 52.55 10 Jul 2026 ยท EMD 48/100 ยท close 53.08 17 Jul 2026 ยท EMD 43/100 ยท close 52.29 24 Jul 2026 ยท EMD 43/100 ยท close 50.62 31 Jul 2026 ยท EMD 40/100 ยท close 51.20 7 Aug 2026 ยท EMD 42/100 ยท close 53.15 14 Aug 2026 ยท EMD 50/100 ยท close 53.53 21 Aug 2026 ยท EMD 48/100 ยท close 53.20 28 Aug 2026 ยท EMD 53/100 ยท close 54.15 24 Nov 2023 ยท Up-cycle confirmed ยท close 30.68 27 Mar 2026 ยท Down-cycle confirmed ยท close 49.70 19 Jun 2026 ยท Down-cycle confirmed ยท close 52.94 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 87%Current EMD +5.54-week EMD change +25.8156-week price range USD 27.57โ€“56.97

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Each state uses completed-week information available at that point.

01

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

02

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

03

Upper zone

Price establishes residence near the top of its long-cycle range. This is the profit-harvest area, with EMD watched for exhaustion and loss of support.

04

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS

What the latest week shows

Completed-week values

01

Underlying pressure

35/100-0.52

Cautious pressure beneath price
4-week change +0.57

02

Trend and deviation

37/100+1.2% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

63/1004w +5.8% ยท 13w -3.4%

Momentum is supportive
SMI 0.26

04

Price-volume pressure

83/10083% constructive pressure

Volume is confirming the close
Volume ratio 3.57x

05

Relative leadership

32/100-4.47

The ticker is lagging its benchmark
4-week change +6.15

06

Modeled Trend

72/100Modeled Trend 0.34

Modeled Trend is supportive
Smoothed Modeled Trend 0.38

Evidence context