NASDAQ ยท ETF ยท ENHANCED MARKET DYNAMICS

AALG

LEVERAGE SHARES 2X LONG AAL DAILY ETF

US

EMD SCORE35/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration60% directional agreement87% evidence confidence
Completed week
28 Aug 2026
Latest close
USD 10.99
Evidence
60 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 4 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
11 Jul 2025โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท USD +100+500-50-100 20.9313.756.56 11 Jul 2025 ยท EMD 42/100 ยท close 13.15 18 Jul 2025 ยท EMD 46/100 ยท close 13.66 25 Jul 2025 ยท EMD 38/100 ยท close 11.41 1 Aug 2025 ยท EMD 42/100 ยท close 10.42 8 Aug 2025 ยท EMD 43/100 ยท close 11.50 15 Aug 2025 ยท EMD 53/100 ยท close 14.55 22 Aug 2025 ยท EMD 53/100 ยท close 15.27 29 Aug 2025 ยท EMD 53/100 ยท close 14.88 5 Sep 2025 ยท EMD 48/100 ยท close 14.12 12 Sep 2025 ยท EMD 43/100 ยท close 13.73 19 Sep 2025 ยท EMD 40/100 ยท close 12.69 26 Sep 2025 ยท EMD 33/100 ยท close 10.45 3 Oct 2025 ยท EMD 50/100 ยท close 11.02 10 Oct 2025 ยท EMD 33/100 ยท close 10.74 17 Oct 2025 ยท EMD 38/100 ยท close 11.35 24 Oct 2025 ยท EMD 60/100 ยท close 15.08 31 Oct 2025 ยท EMD 51/100 ยท close 13.61 7 Nov 2025 ยท EMD 55/100 ยท close 14.54 14 Nov 2025 ยท EMD 46/100 ยท close 12.62 21 Nov 2025 ยท EMD 44/100 ยท close 12.74 28 Nov 2025 ยท EMD 52/100 ยท close 15.16 5 Dec 2025 ยท EMD 55/100 ยท close 16.69 12 Dec 2025 ยท EMD 52/100 ยท close 17.06 19 Dec 2025 ยท EMD 55/100 ยท close 18.90 26 Dec 2025 ยท EMD 53/100 ยท close 18.01 2 Jan 2026 ยท EMD 54/100 ยท close 18.06 9 Jan 2026 ยท EMD 55/100 ยท close 19.16 16 Jan 2026 ยท EMD 49/100 ยท close 17.58 23 Jan 2026 ยท EMD 49/100 ยท close 15.94 30 Jan 2026 ยท EMD 50/100 ยท close 12.99 6 Feb 2026 ยท EMD 79/100 ยท close 16.89 13 Feb 2026 ยท EMD 56/100 ยท close 13.97 20 Feb 2026 ยท EMD 45/100 ยท close 13.27 27 Feb 2026 ยท EMD 40/100 ยท close 12.16 6 Mar 2026 ยท EMD 32/100 ยท close 8.86 13 Mar 2026 ยท EMD 29/100 ยท close 7.42 20 Mar 2026 ยท EMD 30/100 ยท close 7.59 27 Mar 2026 ยท EMD 28/100 ยท close 7.33 3 Apr 2026 ยท EMD 39/100 ยท close 8.03 10 Apr 2026 ยท EMD 40/100 ยท close 8.79 17 Apr 2026 ยท EMD 45/100 ยท close 11.04 24 Apr 2026 ยท EMD 44/100 ยท close 9.83 1 May 2026 ยท EMD 41/100 ยท close 9.35 8 May 2026 ยท EMD 46/100 ยท close 11.79 15 May 2026 ยท EMD 33/100 ยท close 9.97 22 May 2026 ยท EMD 48/100 ยท close 12.53 29 May 2026 ยท EMD 55/100 ยท close 13.90 5 Jun 2026 ยท EMD 46/100 ยท close 11.79 12 Jun 2026 ยท EMD 68/100 ยท close 14.31 19 Jun 2026 ยท EMD 71/100 ยท close 16.23 26 Jun 2026 ยท EMD 74/100 ยท close 20.16 3 Jul 2026 ยท EMD 74/100 ยท close 20.11 10 Jul 2026 ยท EMD 76/100 ยท close 18.02 17 Jul 2026 ยท EMD 55/100 ยท close 13.93 24 Jul 2026 ยท EMD 55/100 ยท close 12.76 31 Jul 2026 ยท EMD 65/100 ยท close 14.13 7 Aug 2026 ยท EMD 62/100 ยท close 15.27 14 Aug 2026 ยท EMD 55/100 ยท close 13.12 21 Aug 2026 ยท EMD 45/100 ยท close 11.36 28 Aug 2026 ยท EMD 35/100 ยท close 10.99 16 Jan 2026 ยท Down-cycle confirmed ยท close 17.58 10 Apr 2026 ยท Up-cycle confirmed ยท close 8.79 10 Jul 2026 ยท Down-cycle confirmed ยท close 18.02 11 Jul 20256 Feb 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 11%Current EMD -30.14-week EMD change -60.1156-week price range USD 7.33โ€“20.16

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

47/100-0.28

Cautious pressure beneath price
4-week change -0.51

02

Trend and deviation

3/100-12.0% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

32/1004w -22.2% ยท 13w -20.9%

Momentum is applying downside pressure
SMI 0.59

04

Price-volume pressure

28/10028% constructive pressure

Volume is leaning against the close
Volume ratio 1.29x

05

Relative leadership

1/100-26.49

The ticker is lagging its benchmark
4-week change -22.38

06

Modeled Trend

88/100Modeled Trend 0.74

Modeled Trend is supportive
Smoothed Modeled Trend 0.72

Evidence context