MIL · ETF · ENHANCED MARKET DYNAMICS

NATY

YieldMax Future of Defence Option Income UCITS ETF USD Inc

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EMD SCORE52/100

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 build33% directional agreement67% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 38.52
Evidence
39 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

2 supportive · 1 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.
5 Dec 2025–28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE · EUR +100+500-50-100 47.8142.0936.37 5 Dec 2025 · EMD 46/100 · close 42.83 12 Dec 2025 · EMD 39/100 · close 42.56 19 Dec 2025 · EMD 46/100 · close 42.60 26 Dec 2025 · EMD 45/100 · close 42.80 2 Jan 2026 · EMD 37/100 · close 41.70 9 Jan 2026 · EMD 54/100 · close 45.25 16 Jan 2026 · EMD 56/100 · close 47.20 23 Jan 2026 · EMD 44/100 · close 45.41 30 Jan 2026 · EMD 45/100 · close 42.38 6 Feb 2026 · EMD 40/100 · close 40.94 13 Feb 2026 · EMD 41/100 · close 41.06 20 Feb 2026 · EMD 47/100 · close 41.66 27 Feb 2026 · EMD 44/100 · close 40.39 6 Mar 2026 · EMD 48/100 · close 41.95 13 Mar 2026 · EMD 46/100 · close 41.94 20 Mar 2026 · EMD 41/100 · close 40.44 27 Mar 2026 · EMD 39/100 · close 39.01 3 Apr 2026 · EMD 43/100 · close 39.80 10 Apr 2026 · EMD 35/100 · close 38.38 17 Apr 2026 · EMD 39/100 · close 38.56 24 Apr 2026 · EMD 37/100 · close 37.08 1 May 2026 · EMD 40/100 · close 36.99 8 May 2026 · EMD 44/100 · close 38.37 15 May 2026 · EMD 43/100 · close 38.92 22 May 2026 · EMD 48/100 · close 39.51 29 May 2026 · EMD 38/100 · close 39.86 5 Jun 2026 · EMD 45/100 · close 41.12 12 Jun 2026 · EMD 44/100 · close 40.37 19 Jun 2026 · EMD 41/100 · close 38.92 26 Jun 2026 · EMD 41/100 · close 38.46 3 Jul 2026 · EMD 47/100 · close 40.89 10 Jul 2026 · EMD 45/100 · close 39.78 17 Jul 2026 · EMD 46/100 · close 38.77 24 Jul 2026 · EMD 45/100 · close 39.08 31 Jul 2026 · EMD 41/100 · close 38.25 7 Aug 2026 · EMD 53/100 · close 40.68 14 Aug 2026 · EMD 56/100 · close 41.31 21 Aug 2026 · EMD 41/100 · close 37.85 28 Aug 2026 · EMD 52/100 · close 38.52 30 Jan 2026 · Down-cycle confirmed · close 42.38 15 May 2026 · Up-cycle confirmed · close 38.92 5 Dec 202517 Apr 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 15%Current EMD +3.64-week EMD change +22.5156-week price range EUR 36.99–47.20

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

53/1000.37

Strengthening beneath price
4-week change +0.06

02

Trend and deviation

22/100-2.8% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

51/1004w +0.7% · 13w -3.4%

Momentum is supportive
SMI 0.08

04

Price-volume pressure

73/10073% constructive pressure

Volume is confirming the close
Volume ratio 2.59x

05

Modeled Trend

62/100Modeled Trend 0.20

Modeled Trend is supportive
Smoothed Modeled Trend 0.17

Evidence context