TLV ยท ETF ยท ENHANCED MARKET DYNAMICS

IBI-F179

Psagot Mutual Funds Ltd. - Psagot ETF (4A) S&P 500 Currency-Hedged

IL

EMD SCORE73/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build100% directional agreement100% evidence confidence
Completed week
28 Aug 2026
Latest close
ILA 789,900.00
Evidence
137 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

5 supportive ยท 0 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
19 Jan 2024โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท ILA +100+500-50-100 816,072.00647,400.00478,728.00 19 Jan 2024 ยท EMD 42/100 ยท close 496,800.00 26 Jan 2024 ยท EMD 48/100 ยท close 513,100.00 2 Feb 2024 ยท EMD 46/100 ยท close 510,600.00 9 Feb 2024 ยท EMD 49/100 ยท close 523,300.00 16 Feb 2024 ยท EMD 49/100 ยท close 525,500.00 23 Feb 2024 ยท EMD 47/100 ยท close 526,100.00 1 Mar 2024 ยท EMD 49/100 ยท close 532,400.00 8 Mar 2024 ยท EMD 47/100 ยท close 537,000.00 15 Mar 2024 ยท EMD 50/100 ยท close 540,400.00 22 Mar 2024 ยท EMD 52/100 ยท close 551,100.00 29 Mar 2024 ยท EMD 56/100 ยท close 548,300.00 5 Apr 2024 ยท EMD 51/100 ยท close 550,600.00 12 Apr 2024 ยท EMD 44/100 ยท close 539,600.00 19 Apr 2024 ยท EMD 44/100 ยท close 528,100.00 26 Apr 2024 ยท EMD 49/100 ยท close 528,300.00 3 May 2024 ยท EMD 47/100 ยท close 528,600.00 10 May 2024 ยท EMD 54/100 ยท close 541,900.00 17 May 2024 ยท EMD 54/100 ยท close 556,100.00 24 May 2024 ยท EMD 55/100 ยท close 558,200.00 31 May 2024 ยท EMD 49/100 ยท close 549,700.00 7 Jun 2024 ยท EMD 58/100 ยท close 560,100.00 14 Jun 2024 ยท EMD 53/100 ยท close 568,100.00 21 Jun 2024 ยท EMD 60/100 ยท close 576,400.00 28 Jun 2024 ยท EMD 56/100 ยท close 572,700.00 5 Jul 2024 ยท EMD 56/100 ยท close 578,800.00 12 Jul 2024 ยท EMD 57/100 ยท close 588,300.00 19 Jul 2024 ยท EMD 48/100 ยท close 585,300.00 26 Jul 2024 ยท EMD 46/100 ยท close 566,200.00 2 Aug 2024 ยท EMD 59/100 ยท close 579,200.00 9 Aug 2024 ยท EMD 68/100 ยท close 547,700.00 16 Aug 2024 ยท EMD 73/100 ยท close 574,000.00 23 Aug 2024 ยท EMD 76/100 ยท close 587,500.00 30 Aug 2024 ยท EMD 65/100 ยท close 585,400.00 6 Sep 2024 ยท EMD 62/100 ยท close 575,100.00 13 Sep 2024 ยท EMD 71/100 ยท close 578,900.00 20 Sep 2024 ยท EMD 72/100 ยท close 592,000.00 27 Sep 2024 ยท EMD 76/100 ยท close 599,900.00 4 Oct 2024 ยท EMD 78/100 ยท close 599,700.00 11 Oct 2024 ยท EMD 76/100 ยท close 601,700.00 18 Oct 2024 ยท EMD 80/100 ยท close 610,400.00 25 Oct 2024 ยท EMD 70/100 ยท close 606,600.00 1 Nov 2024 ยท EMD 68/100 ยท close 600,300.00 8 Nov 2024 ยท EMD 85/100 ยท close 618,900.00 15 Nov 2024 ยท EMD 74/100 ยท close 622,300.00 22 Nov 2024 ยท EMD 81/100 ยท close 618,400.00 29 Nov 2024 ยท EMD 81/100 ยท close 624,700.00 6 Dec 2024 ยท EMD 90/100 ยท close 632,900.00 13 Dec 2024 ยท EMD 79/100 ยท close 631,400.00 20 Dec 2024 ยท EMD 70/100 ยท close 615,500.00 27 Dec 2024 ยท EMD 78/100 ยท close 625,400.00 3 Jan 2025 ยท EMD 72/100 ยท close 615,900.00 10 Jan 2025 ยท EMD 56/100 ยท close 613,800.00 17 Jan 2025 ยท EMD 64/100 ยท close 619,400.00 24 Jan 2025 ยท EMD 63/100 ยท close 631,000.00 31 Jan 2025 ยท EMD 64/100 ยท close 630,300.00 7 Feb 2025 ยท EMD 67/100 ยท close 629,900.00 14 Feb 2025 ยท EMD 61/100 ยท close 628,700.00 21 Feb 2025 ยท EMD 63/100 ยท close 636,500.00 28 Feb 2025 ยท EMD 55/100 ยท close 618,300.00 7 Mar 2025 ยท EMD 44/100 ยท close 597,800.00 14 Mar 2025 ยท EMD 35/100 ยท close 578,900.00 21 Mar 2025 ยท EMD 42/100 ยท close 590,000.00 28 Mar 2025 ยท EMD 41/100 ยท close 593,900.00 4 Apr 2025 ยท EMD 29/100 ยท close 564,000.00 11 Apr 2025 ยท EMD 41/100 ยท close 549,800.00 18 Apr 2025 ยท EMD 31/100 ยท close 549,100.00 25 Apr 2025 ยท EMD 38/100 ยท close 556,100.00 2 May 2025 ยท EMD 37/100 ยท close 570,000.00 9 May 2025 ยท EMD 45/100 ยท close 585,400.00 16 May 2025 ยท EMD 45/100 ยท close 605,200.00 23 May 2025 ยท EMD 40/100 ยท close 601,300.00 30 May 2025 ยท EMD 46/100 ยท close 609,600.00 6 Jun 2025 ยท EMD 49/100 ยท close 612,700.00 13 Jun 2025 ยท EMD 50/100 ยท close 618,000.00 20 Jun 2025 ยท EMD 50/100 ยท close 611,900.00 27 Jun 2025 ยท EMD 54/100 ยท close 629,000.00 4 Jul 2025 ยท EMD 57/100 ยท close 642,000.00 11 Jul 2025 ยท EMD 58/100 ยท close 644,300.00 18 Jul 2025 ยท EMD 59/100 ยท close 645,300.00 25 Jul 2025 ยท EMD 69/100 ยท close 655,500.00 1 Aug 2025 ยท EMD 65/100 ยท close 658,900.00 8 Aug 2025 ยท EMD 68/100 ยท close 656,500.00 15 Aug 2025 ยท EMD 69/100 ยท close 663,000.00 22 Aug 2025 ยท EMD 65/100 ยท close 656,400.00 29 Aug 2025 ยท EMD 72/100 ยท close 666,700.00 5 Sep 2025 ยท EMD 69/100 ยท close 664,700.00 12 Sep 2025 ยท EMD 72/100 ยท close 673,100.00 19 Sep 2025 ยท EMD 71/100 ยท close 682,600.00 26 Sep 2025 ยท EMD 67/100 ยท close 679,100.00 3 Oct 2025 ยท EMD 64/100 ยท close 685,100.00 10 Oct 2025 ยท EMD 71/100 ยท close 695,600.00 17 Oct 2025 ยท EMD 64/100 ยท close 688,000.00 24 Oct 2025 ยท EMD 61/100 ยท close 689,200.00 31 Oct 2025 ยท EMD 64/100 ยท close 706,300.00 7 Nov 2025 ยท EMD 63/100 ยท close 698,500.00 14 Nov 2025 ยท EMD 62/100 ยท close 701,400.00 21 Nov 2025 ยท EMD 70/100 ยท close 694,800.00 28 Nov 2025 ยท EMD 66/100 ยท close 700,800.00 5 Dec 2025 ยท EMD 66/100 ยท close 703,400.00 12 Dec 2025 ยท EMD 62/100 ยท close 705,900.00 19 Dec 2025 ยท EMD 59/100 ยท close 698,500.00 26 Dec 2025 ยท EMD 61/100 ยท close 712,600.00 2 Jan 2026 ยท EMD 55/100 ยท close 705,800.00 9 Jan 2026 ยท EMD 58/100 ยท close 712,200.00 16 Jan 2026 ยท EMD 59/100 ยท close 716,200.00 23 Jan 2026 ยท EMD 57/100 ยท close 709,900.00 30 Jan 2026 ยท EMD 52/100 ยท close 710,800.00 6 Feb 2026 ยท EMD 51/100 ยท close 702,700.00 13 Feb 2026 ยท EMD 50/100 ยท close 701,800.00 20 Feb 2026 ยท EMD 54/100 ยท close 707,900.00 27 Feb 2026 ยท EMD 51/100 ยท close 708,700.00 6 Mar 2026 ยท EMD 50/100 ยท close 700,900.00 13 Mar 2026 ยท EMD 46/100 ยท close 687,800.00 20 Mar 2026 ยท EMD 38/100 ยท close 676,300.00 27 Mar 2026 ยท EMD 35/100 ยท close 664,900.00 3 Apr 2026 ยท EMD 43/100 ยท close 674,100.00 10 Apr 2026 ยท EMD 44/100 ยท close 700,500.00 17 Apr 2026 ยท EMD 49/100 ยท close 723,700.00 24 Apr 2026 ยท EMD 50/100 ยท close 729,100.00 1 May 2026 ยท EMD 63/100 ยท close 740,700.00 8 May 2026 ยท EMD 64/100 ยท close 755,600.00 15 May 2026 ยท EMD 64/100 ยท close 761,900.00 22 May 2026 ยท EMD 64/100 ยท close 756,600.00 29 May 2026 ยท EMD 69/100 ยท close 776,400.00 5 Jun 2026 ยท EMD 66/100 ยท close 774,600.00 12 Jun 2026 ยท EMD 66/100 ยท close 760,300.00 19 Jun 2026 ยท EMD 64/100 ยท close 766,300.00 26 Jun 2026 ยท EMD 61/100 ยท close 749,200.00 3 Jul 2026 ยท EMD 69/100 ยท close 767,500.00 10 Jul 2026 ยท EMD 76/100 ยท close 770,900.00 17 Jul 2026 ยท EMD 64/100 ยท close 763,800.00 24 Jul 2026 ยท EMD 64/100 ยท close 760,200.00 31 Jul 2026 ยท EMD 73/100 ยท close 766,100.00 7 Aug 2026 ยท EMD 76/100 ยท close 789,800.00 14 Aug 2026 ยท EMD 80/100 ยท close 798,000.00 21 Aug 2026 ยท EMD 68/100 ยท close 783,500.00 28 Aug 2026 ยท EMD 73/100 ยท close 789,900.00 1 Mar 2024 ยท Up-cycle confirmed ยท close 532,400.00 19 Jan 20249 May 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 92%Current EMD +45.74-week EMD change +0.1156-week price range ILA 496,800.00โ€“798,000.00

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

73/1000.27

Strengthening beneath price
4-week change -0.02

02

Trend and deviation

90/100+6.7% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

71/1004w +3.1% ยท 13w +1.7%

Momentum is supportive
SMI 0.93

04

Price-volume pressure

58/10058% constructive pressure

Volume is confirming the close
Volume ratio 0.47x

05

Relative leadership

55/1001.31

Leadership is supportive
4-week change +3.78

06

Modeled Trend

90/100Modeled Trend 0.90

Modeled Trend is supportive
Smoothed Modeled Trend 0.77

Evidence context