TLV ยท ETF ยท ENHANCED MARKET DYNAMICS

TCH-F140

Tachlit Index Sal Ltd. - Tachlit SAL (4A) S&P Financial Currency-Hedged

IL

EMD SCORE75/100

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 414,900.00
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

4 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.
25 Aug 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท ILA +100+500-50-100 429,590.00327,950.00226,310.00 25 Aug 2023 ยท EMD 53/100 ยท close 251,500.00 1 Sep 2023 ยท EMD 68/100 ยท close 256,400.00 8 Sep 2023 ยท EMD 54/100 ยท close 252,500.00 15 Sep 2023 ยท EMD 65/100 ยท close 253,600.00 22 Sep 2023 ยท EMD 59/100 ยท close 253,800.00 29 Sep 2023 ยท EMD 49/100 ยท close 246,800.00 6 Oct 2023 ยท EMD 54/100 ยท close 246,600.00 13 Oct 2023 ยท EMD 58/100 ยท close 247,100.00 20 Oct 2023 ยท EMD 53/100 ยท close 247,200.00 27 Oct 2023 ยท EMD 49/100 ยท close 237,500.00 3 Nov 2023 ยท EMD 45/100 ยท close 237,200.00 10 Nov 2023 ยท EMD 49/100 ยท close 248,600.00 17 Nov 2023 ยท EMD 63/100 ยท close 256,900.00 24 Nov 2023 ยท EMD 68/100 ยท close 259,300.00 8 Dec 2023 ยท EMD 67/100 ยท close 265,800.00 15 Dec 2023 ยท EMD 72/100 ยท close 268,400.00 22 Dec 2023 ยท EMD 69/100 ยท close 275,400.00 29 Dec 2023 ยท EMD 84/100 ยท close 277,700.00 5 Jan 2024 ยท EMD 83/100 ยท close 279,400.00 12 Jan 2024 ยท EMD 74/100 ยท close 278,900.00 19 Jan 2024 ยท EMD 68/100 ยท close 274,400.00 26 Jan 2024 ยท EMD 81/100 ยท close 283,900.00 2 Feb 2024 ยท EMD 81/100 ยท close 286,600.00 16 Feb 2024 ยท EMD 82/100 ยท close 290,700.00 23 Feb 2024 ยท EMD 83/100 ยท close 293,800.00 1 Mar 2024 ยท EMD 82/100 ยท close 297,700.00 8 Mar 2024 ยท EMD 82/100 ยท close 297,900.00 15 Mar 2024 ยท EMD 87/100 ยท close 304,000.00 22 Mar 2024 ยท EMD 88/100 ยท close 308,400.00 29 Mar 2024 ยท EMD 82/100 ยท close 307,800.00 5 Apr 2024 ยท EMD 82/100 ยท close 309,400.00 12 Apr 2024 ยท EMD 73/100 ยท close 300,300.00 19 Apr 2024 ยท EMD 71/100 ยท close 292,600.00 26 Apr 2024 ยท EMD 77/100 ยท close 303,000.00 3 May 2024 ยท EMD 72/100 ยท close 300,000.00 10 May 2024 ยท EMD 78/100 ยท close 304,600.00 17 May 2024 ยท EMD 76/100 ยท close 308,800.00 24 May 2024 ยท EMD 69/100 ยท close 308,300.00 31 May 2024 ยท EMD 62/100 ยท close 300,000.00 7 Jun 2024 ยท EMD 70/100 ยท close 303,000.00 14 Jun 2024 ยท EMD 65/100 ยท close 302,800.00 21 Jun 2024 ยท EMD 67/100 ยท close 301,300.00 28 Jun 2024 ยท EMD 58/100 ยท close 301,000.00 5 Jul 2024 ยท EMD 65/100 ยท close 306,200.00 12 Jul 2024 ยท EMD 68/100 ยท close 307,500.00 19 Jul 2024 ยท EMD 82/100 ยท close 322,100.00 26 Jul 2024 ยท EMD 66/100 ยท close 315,500.00 2 Aug 2024 ยท EMD 80/100 ยท close 321,800.00 9 Aug 2024 ยท EMD 73/100 ยท close 307,100.00 16 Aug 2024 ยท EMD 73/100 ยท close 316,400.00 23 Aug 2024 ยท EMD 72/100 ยท close 321,300.00 30 Aug 2024 ยท EMD 74/100 ยท close 328,100.00 6 Sep 2024 ยท EMD 81/100 ยท close 332,300.00 13 Sep 2024 ยท EMD 71/100 ยท close 324,700.00 20 Sep 2024 ยท EMD 82/100 ยท close 332,600.00 27 Sep 2024 ยท EMD 69/100 ยท close 329,500.00 4 Oct 2024 ยท EMD 70/100 ยท close 329,000.00 11 Oct 2024 ยท EMD 79/100 ยท close 334,300.00 18 Oct 2024 ยท EMD 79/100 ยท close 343,700.00 25 Oct 2024 ยท EMD 77/100 ยท close 343,700.00 1 Nov 2024 ยท EMD 76/100 ยท close 344,100.00 8 Nov 2024 ยท EMD 88/100 ยท close 360,500.00 15 Nov 2024 ยท EMD 83/100 ยท close 364,300.00 22 Nov 2024 ยท EMD 80/100 ยท close 363,700.00 29 Nov 2024 ยท EMD 83/100 ยท close 372,200.00 6 Dec 2024 ยท EMD 72/100 ยท close 366,600.00 13 Dec 2024 ยท EMD 70/100 ยท close 362,700.00 20 Dec 2024 ยท EMD 63/100 ยท close 351,700.00 27 Dec 2024 ยท EMD 70/100 ยท close 356,800.00 3 Jan 2025 ยท EMD 63/100 ยท close 353,800.00 10 Jan 2025 ยท EMD 60/100 ยท close 353,800.00 17 Jan 2025 ยท EMD 67/100 ยท close 355,100.00 24 Jan 2025 ยท EMD 63/100 ยท close 368,300.00 31 Jan 2025 ยท EMD 72/100 ยท close 376,900.00 7 Feb 2025 ยท EMD 71/100 ยท close 378,700.00 14 Feb 2025 ยท EMD 62/100 ยท close 373,900.00 21 Feb 2025 ยท EMD 65/100 ยท close 377,300.00 28 Feb 2025 ยท EMD 65/100 ยท close 372,900.00 7 Mar 2025 ยท EMD 51/100 ยท close 360,300.00 14 Mar 2025 ยท EMD 47/100 ยท close 346,800.00 21 Mar 2025 ยท EMD 55/100 ยท close 361,600.00 28 Mar 2025 ยท EMD 61/100 ยท close 367,300.00 4 Apr 2025 ยท EMD 47/100 ยท close 352,500.00 11 Apr 2025 ยท EMD 50/100 ยท close 339,500.00 18 Apr 2025 ยท EMD 43/100 ยท close 340,300.00 25 Apr 2025 ยท EMD 44/100 ยท close 344,200.00 2 May 2025 ยท EMD 43/100 ยท close 350,100.00 9 May 2025 ยท EMD 49/100 ยท close 362,000.00 16 May 2025 ยท EMD 50/100 ยท close 367,900.00 23 May 2025 ยท EMD 47/100 ยท close 363,400.00 30 May 2025 ยท EMD 50/100 ยท close 369,200.00 6 Jun 2025 ยท EMD 50/100 ยท close 369,600.00 13 Jun 2025 ยท EMD 47/100 ยท close 365,400.00 20 Jun 2025 ยท EMD 45/100 ยท close 360,800.00 27 Jun 2025 ยท EMD 54/100 ยท close 372,200.00 4 Jul 2025 ยท EMD 63/100 ยท close 381,500.00 11 Jul 2025 ยท EMD 58/100 ยท close 378,300.00 18 Jul 2025 ยท EMD 58/100 ยท close 375,000.00 25 Jul 2025 ยท EMD 66/100 ยท close 382,900.00 1 Aug 2025 ยท EMD 59/100 ยท close 379,100.00 8 Aug 2025 ยท EMD 64/100 ยท close 376,900.00 15 Aug 2025 ยท EMD 60/100 ยท close 375,400.00 22 Aug 2025 ยท EMD 61/100 ยท close 380,500.00 29 Aug 2025 ยท EMD 59/100 ยท close 384,400.00 5 Sep 2025 ยท EMD 59/100 ยท close 385,200.00 12 Sep 2025 ยท EMD 64/100 ยท close 383,000.00 19 Sep 2025 ยท EMD 68/100 ยท close 391,900.00 26 Sep 2025 ยท EMD 60/100 ยท close 385,700.00 3 Oct 2025 ยท EMD 62/100 ยท close 389,900.00 10 Oct 2025 ยท EMD 58/100 ยท close 386,100.00 17 Oct 2025 ยท EMD 59/100 ยท close 386,400.00 24 Oct 2025 ยท EMD 52/100 ยท close 378,400.00 31 Oct 2025 ยท EMD 48/100 ยท close 375,200.00 7 Nov 2025 ยท EMD 57/100 ยท close 378,400.00 14 Nov 2025 ยท EMD 59/100 ยท close 386,400.00 21 Nov 2025 ยท EMD 51/100 ยท close 377,900.00 28 Nov 2025 ยท EMD 52/100 ยท close 380,700.00 5 Dec 2025 ยท EMD 56/100 ยท close 382,700.00 12 Dec 2025 ยท EMD 60/100 ยท close 390,800.00 19 Dec 2025 ยท EMD 53/100 ยท close 392,300.00 26 Dec 2025 ยท EMD 57/100 ยท close 399,800.00 2 Jan 2026 ยท EMD 57/100 ยท close 399,600.00 9 Jan 2026 ยท EMD 58/100 ยท close 399,600.00 16 Jan 2026 ยท EMD 55/100 ยท close 390,500.00 23 Jan 2026 ยท EMD 57/100 ยท close 386,600.00 30 Jan 2026 ยท EMD 63/100 ยท close 385,800.00 6 Feb 2026 ยท EMD 50/100 ยท close 387,400.00 13 Feb 2026 ยท EMD 46/100 ยท close 387,200.00 20 Feb 2026 ยท EMD 46/100 ยท close 377,300.00 27 Feb 2026 ยท EMD 49/100 ยท close 376,200.00 6 Mar 2026 ยท EMD 46/100 ยท close 370,900.00 13 Mar 2026 ยท EMD 31/100 ยท close 353,200.00 20 Mar 2026 ยท EMD 30/100 ยท close 350,300.00 27 Mar 2026 ยท EMD 32/100 ยท close 353,800.00 3 Apr 2026 ยท EMD 38/100 ยท close 352,000.00 10 Apr 2026 ยท EMD 39/100 ยท close 367,600.00 17 Apr 2026 ยท EMD 42/100 ยท close 370,400.00 24 Apr 2026 ยท EMD 41/100 ยท close 373,800.00 1 May 2026 ยท EMD 46/100 ยท close 374,000.00 8 May 2026 ยท EMD 42/100 ยท close 373,200.00 15 May 2026 ยท EMD 39/100 ยท close 368,000.00 22 May 2026 ยท EMD 42/100 ยท close 369,100.00 29 May 2026 ยท EMD 37/100 ยท close 367,200.00 5 Jun 2026 ยท EMD 41/100 ยท close 366,900.00 12 Jun 2026 ยท EMD 49/100 ยท close 377,300.00 19 Jun 2026 ยท EMD 48/100 ยท close 383,300.00 26 Jun 2026 ยท EMD 53/100 ยท close 386,200.00 3 Jul 2026 ยท EMD 60/100 ยท close 397,500.00 10 Jul 2026 ยท EMD 57/100 ยท close 400,000.00 17 Jul 2026 ยท EMD 60/100 ยท close 402,900.00 24 Jul 2026 ยท EMD 69/100 ยท close 404,900.00 31 Jul 2026 ยท EMD 72/100 ยท close 413,000.00 7 Aug 2026 ยท EMD 79/100 ยท close 418,700.00 14 Aug 2026 ยท EMD 72/100 ยท close 416,800.00 21 Aug 2026 ยท EMD 71/100 ยท close 412,100.00 28 Aug 2026 ยท EMD 75/100 ยท close 414,900.00 24 Nov 2023 ยท Up-cycle confirmed ยท close 259,300.00 25 Aug 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 93%Current EMD +49.54-week EMD change +5.5156-week price range ILA 237,200.00โ€“418,700.00

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

94/1001.41

Strengthening beneath price
4-week change -0.00

02

Trend and deviation

93/100+8.6% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

74/1004w +0.5% ยท 13w +13.0%

Momentum is supportive
SMI 0.86

04

Price-volume pressure

51/10051% constructive pressure

Volume is confirming the close
Volume ratio 2.33x

05

Relative leadership

48/100-0.46

The ticker is lagging its benchmark
4-week change +1.96

06

Modeled Trend

89/100Modeled Trend 0.79

Modeled Trend is supportive
Smoothed Modeled Trend 0.74

Evidence context