TOR ยท ETF ยท ENHANCED MARKET DYNAMICS

FHQ

FT AlphaDEX U.S. Technology Sector Index ETF

CA

EMD SCORE86/100

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
CAD 143.63
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

6 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.
8 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท CAD +100+500-50-100 151.47107.6963.90 8 Sep 2023 ยท EMD 69/100 ยท close 75.11 15 Sep 2023 ยท EMD 65/100 ยท close 73.54 22 Sep 2023 ยท EMD 61/100 ยท close 70.26 29 Sep 2023 ยท EMD 68/100 ยท close 71.19 6 Oct 2023 ยท EMD 68/100 ยท close 72.85 13 Oct 2023 ยท EMD 60/100 ยท close 72.68 20 Oct 2023 ยท EMD 58/100 ยท close 70.49 27 Oct 2023 ยท EMD 54/100 ยท close 68.59 3 Nov 2023 ยท EMD 62/100 ยท close 71.89 10 Nov 2023 ยท EMD 61/100 ยท close 72.30 17 Nov 2023 ยท EMD 71/100 ยท close 76.28 24 Nov 2023 ยท EMD 64/100 ยท close 76.32 1 Dec 2023 ยท EMD 84/100 ยท close 78.08 8 Dec 2023 ยท EMD 81/100 ยท close 78.49 15 Dec 2023 ยท EMD 85/100 ยท close 81.18 22 Dec 2023 ยท EMD 82/100 ยท close 81.08 29 Dec 2023 ยท EMD 76/100 ยท close 80.63 5 Jan 2024 ยท EMD 70/100 ยท close 77.96 12 Jan 2024 ยท EMD 81/100 ยท close 81.35 19 Jan 2024 ยท EMD 85/100 ยท close 83.47 26 Jan 2024 ยท EMD 78/100 ยท close 84.45 2 Feb 2024 ยท EMD 88/100 ยท close 85.52 9 Feb 2024 ยท EMD 94/100 ยท close 88.76 16 Feb 2024 ยท EMD 84/100 ยท close 87.50 23 Feb 2024 ยท EMD 90/100 ยท close 87.01 1 Mar 2024 ยท EMD 89/100 ยท close 88.81 8 Mar 2024 ยท EMD 76/100 ยท close 86.93 15 Mar 2024 ยท EMD 72/100 ยท close 85.07 22 Mar 2024 ยท EMD 83/100 ยท close 87.24 29 Mar 2024 ยท EMD 72/100 ยท close 86.84 5 Apr 2024 ยท EMD 74/100 ยท close 86.28 12 Apr 2024 ยท EMD 68/100 ยท close 85.82 19 Apr 2024 ยท EMD 55/100 ยท close 80.87 26 Apr 2024 ยท EMD 67/100 ยท close 84.26 3 May 2024 ยท EMD 60/100 ยท close 83.51 10 May 2024 ยท EMD 62/100 ยท close 85.46 17 May 2024 ยท EMD 65/100 ยท close 87.28 24 May 2024 ยท EMD 62/100 ยท close 87.72 31 May 2024 ยท EMD 56/100 ยท close 83.65 7 Jun 2024 ยท EMD 62/100 ยท close 86.15 14 Jun 2024 ยท EMD 64/100 ยท close 87.65 21 Jun 2024 ยท EMD 63/100 ยท close 87.86 28 Jun 2024 ยท EMD 70/100 ยท close 88.81 5 Jul 2024 ยท EMD 71/100 ยท close 89.57 12 Jul 2024 ยท EMD 73/100 ยท close 91.12 19 Jul 2024 ยท EMD 61/100 ยท close 88.88 26 Jul 2024 ยท EMD 63/100 ยท close 88.41 2 Aug 2024 ยท EMD 49/100 ยท close 82.70 9 Aug 2024 ยท EMD 52/100 ยท close 82.96 16 Aug 2024 ยท EMD 55/100 ยท close 87.43 23 Aug 2024 ยท EMD 49/100 ยท close 87.53 30 Aug 2024 ยท EMD 51/100 ยท close 86.78 6 Sep 2024 ยท EMD 43/100 ยท close 82.11 13 Sep 2024 ยท EMD 50/100 ยท close 86.26 20 Sep 2024 ยท EMD 50/100 ยท close 87.83 27 Sep 2024 ยท EMD 57/100 ยท close 88.97 4 Oct 2024 ยท EMD 61/100 ยท close 89.70 11 Oct 2024 ยท EMD 68/100 ยท close 93.28 18 Oct 2024 ยท EMD 67/100 ยท close 93.89 25 Oct 2024 ยท EMD 71/100 ยท close 93.36 1 Nov 2024 ยท EMD 68/100 ยท close 92.96 8 Nov 2024 ยท EMD 85/100 ยท close 100.10 15 Nov 2024 ยท EMD 68/100 ยท close 97.87 22 Nov 2024 ยท EMD 84/100 ยท close 102.00 29 Nov 2024 ยท EMD 79/100 ยท close 102.27 6 Dec 2024 ยท EMD 89/100 ยท close 106.50 13 Dec 2024 ยท EMD 84/100 ยท close 104.61 20 Dec 2024 ยท EMD 81/100 ยท close 103.58 27 Dec 2024 ยท EMD 77/100 ยท close 103.62 3 Jan 2025 ยท EMD 82/100 ยท close 104.03 10 Jan 2025 ยท EMD 72/100 ยท close 101.84 17 Jan 2025 ยท EMD 85/100 ยท close 105.65 24 Jan 2025 ยท EMD 84/100 ยท close 107.68 31 Jan 2025 ยท EMD 83/100 ยท close 108.48 7 Feb 2025 ยท EMD 73/100 ยท close 106.55 14 Feb 2025 ยท EMD 73/100 ยท close 106.47 21 Feb 2025 ยท EMD 64/100 ยท close 102.15 28 Feb 2025 ยท EMD 52/100 ยท close 98.30 7 Mar 2025 ยท EMD 50/100 ยท close 94.52 14 Mar 2025 ยท EMD 47/100 ยท close 92.58 21 Mar 2025 ยท EMD 46/100 ยท close 93.64 28 Mar 2025 ยท EMD 38/100 ยท close 90.18 4 Apr 2025 ยท EMD 31/100 ยท close 79.25 11 Apr 2025 ยท EMD 43/100 ยท close 82.64 18 Apr 2025 ยท EMD 28/100 ยท close 82.30 25 Apr 2025 ยท EMD 42/100 ยท close 88.94 2 May 2025 ยท EMD 43/100 ยท close 90.40 9 May 2025 ยท EMD 45/100 ยท close 93.85 16 May 2025 ยท EMD 51/100 ยท close 99.78 23 May 2025 ยท EMD 39/100 ยท close 95.30 30 May 2025 ยท EMD 41/100 ยท close 95.17 6 Jun 2025 ยท EMD 51/100 ยท close 97.94 13 Jun 2025 ยท EMD 48/100 ยท close 97.58 20 Jun 2025 ยท EMD 51/100 ยท close 98.02 27 Jun 2025 ยท EMD 57/100 ยท close 101.11 4 Jul 2025 ยท EMD 64/100 ยท close 103.50 11 Jul 2025 ยท EMD 56/100 ยท close 101.17 18 Jul 2025 ยท EMD 67/100 ยท close 103.56 25 Jul 2025 ยท EMD 68/100 ยท close 104.63 1 Aug 2025 ยท EMD 58/100 ยท close 102.28 8 Aug 2025 ยท EMD 66/100 ยท close 103.11 15 Aug 2025 ยท EMD 68/100 ยท close 104.23 22 Aug 2025 ยท EMD 70/100 ยท close 104.90 29 Aug 2025 ยท EMD 63/100 ยท close 104.31 5 Sep 2025 ยท EMD 72/100 ยท close 106.54 12 Sep 2025 ยท EMD 74/100 ยท close 109.15 19 Sep 2025 ยท EMD 75/100 ยท close 111.86 26 Sep 2025 ยท EMD 65/100 ยท close 110.36 3 Oct 2025 ยท EMD 73/100 ยท close 112.59 10 Oct 2025 ยท EMD 66/100 ยท close 109.73 17 Oct 2025 ยท EMD 61/100 ยท close 110.70 24 Oct 2025 ยท EMD 78/100 ยท close 115.29 31 Oct 2025 ยท EMD 81/100 ยท close 116.81 7 Nov 2025 ยท EMD 68/100 ยท close 112.12 14 Nov 2025 ยท EMD 59/100 ยท close 109.63 21 Nov 2025 ยท EMD 55/100 ยท close 105.08 28 Nov 2025 ยท EMD 59/100 ยท close 109.32 5 Dec 2025 ยท EMD 61/100 ยท close 113.31 12 Dec 2025 ยท EMD 54/100 ยท close 111.69 19 Dec 2025 ยท EMD 61/100 ยท close 112.02 26 Dec 2025 ยท EMD 54/100 ยท close 110.82 2 Jan 2026 ยท EMD 53/100 ยท close 110.08 9 Jan 2026 ยท EMD 61/100 ยท close 115.00 16 Jan 2026 ยท EMD 57/100 ยท close 115.30 23 Jan 2026 ยท EMD 56/100 ยท close 113.09 30 Jan 2026 ยท EMD 51/100 ยท close 109.49 6 Feb 2026 ยท EMD 52/100 ยท close 108.85 13 Feb 2026 ยท EMD 42/100 ยท close 107.02 20 Feb 2026 ยท EMD 42/100 ยท close 107.70 27 Feb 2026 ยท EMD 41/100 ยท close 106.23 6 Mar 2026 ยท EMD 40/100 ยท close 105.16 13 Mar 2026 ยท EMD 38/100 ยท close 103.99 20 Mar 2026 ยท EMD 48/100 ยท close 106.46 27 Mar 2026 ยท EMD 34/100 ยท close 104.62 3 Apr 2026 ยท EMD 43/100 ยท close 106.33 10 Apr 2026 ยท EMD 49/100 ยท close 109.50 17 Apr 2026 ยท EMD 50/100 ยท close 115.19 24 Apr 2026 ยท EMD 55/100 ยท close 117.81 1 May 2026 ยท EMD 63/100 ยท close 119.20 8 May 2026 ยท EMD 78/100 ยท close 127.02 15 May 2026 ยท EMD 78/100 ยท close 126.05 22 May 2026 ยท EMD 78/100 ยท close 127.84 29 May 2026 ยท EMD 86/100 ยท close 134.71 5 Jun 2026 ยท EMD 86/100 ยท close 145.04 12 Jun 2026 ยท EMD 84/100 ยท close 137.96 19 Jun 2026 ยท EMD 86/100 ยท close 142.99 26 Jun 2026 ยท EMD 83/100 ยท close 138.64 3 Jul 2026 ยท EMD 70/100 ยท close 138.11 10 Jul 2026 ยท EMD 83/100 ยท close 140.58 17 Jul 2026 ยท EMD 73/100 ยท close 130.33 24 Jul 2026 ยท EMD 74/100 ยท close 132.00 31 Jul 2026 ยท EMD 73/100 ยท close 130.60 7 Aug 2026 ยท EMD 77/100 ยท close 141.67 14 Aug 2026 ยท EMD 81/100 ยท close 146.78 21 Aug 2026 ยท EMD 74/100 ยท close 139.28 28 Aug 2026 ยท EMD 86/100 ยท close 143.63 17 Nov 2023 ยท Up-cycle confirmed ยท close 76.28 17 Jul 2026 ยท Down-cycle confirmed ยท close 130.33 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 96%Current EMD +71.94-week EMD change +25.0156-week price range CAD 68.59โ€“146.78

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

64/100-0.00

Strengthening beneath price
4-week change -0.11

02

Trend and deviation

99/100+15.2% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

81/1004w +10.0% ยท 13w +6.6%

Momentum is supportive
SMI 0.73

04

Price-volume pressure

100/100100% constructive pressure

Volume is confirming the close
Volume ratio 3.24x

05

Relative leadership

81/1008.69

Leadership is supportive
4-week change +5.69

06

Modeled Trend

90/100Modeled Trend 0.86

Modeled Trend is supportive
Smoothed Modeled Trend 0.80

Evidence context