CBOE ยท ETF ยท ENHANCED MARKET DYNAMICS

KMAY

Innovator U.S. Small Cap Power Buffer ETF May

US

EMD SCORE65/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions remain positive, but momentum has eased.

Constructive fade60% directional agreement87% evidence confidence
Completed week
28 Aug 2026
Latest close
USD 30.56
Evidence
70 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

4 supportive ยท 1 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
2 May 2025โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท USD +100+500-50-100 31.2628.0124.77 2 May 2025 ยท EMD 47/100 ยท close 25.12 9 May 2025 ยท EMD 46/100 ยท close 25.12 16 May 2025 ยท EMD 47/100 ยท close 25.73 23 May 2025 ยท EMD 47/100 ยท close 25.35 30 May 2025 ยท EMD 47/100 ยท close 25.54 6 Jun 2025 ยท EMD 49/100 ยท close 25.91 13 Jun 2025 ยท EMD 45/100 ยท close 25.71 20 Jun 2025 ยท EMD 48/100 ยท close 25.83 27 Jun 2025 ยท EMD 51/100 ยท close 26.21 4 Jul 2025 ยท EMD 51/100 ยท close 26.56 11 Jul 2025 ยท EMD 49/100 ยท close 26.53 18 Jul 2025 ยท EMD 50/100 ยท close 26.55 25 Jul 2025 ยท EMD 50/100 ยท close 26.71 1 Aug 2025 ยท EMD 46/100 ยท close 26.27 8 Aug 2025 ยท EMD 51/100 ยท close 26.59 15 Aug 2025 ยท EMD 51/100 ยท close 26.91 22 Aug 2025 ยท EMD 52/100 ยท close 27.22 29 Aug 2025 ยท EMD 52/100 ยท close 27.25 5 Sep 2025 ยท EMD 53/100 ยท close 27.38 12 Sep 2025 ยท EMD 52/100 ยท close 27.45 19 Sep 2025 ยท EMD 57/100 ยท close 27.61 26 Sep 2025 ยท EMD 51/100 ยท close 27.60 3 Oct 2025 ยท EMD 54/100 ยท close 27.74 10 Oct 2025 ยท EMD 50/100 ยท close 27.45 17 Oct 2025 ยท EMD 50/100 ยท close 27.64 24 Oct 2025 ยท EMD 53/100 ยท close 27.89 31 Oct 2025 ยท EMD 50/100 ยท close 27.80 7 Nov 2025 ยท EMD 50/100 ยท close 27.63 14 Nov 2025 ยท EMD 50/100 ยท close 27.59 21 Nov 2025 ยท EMD 69/100 ยท close 27.53 28 Nov 2025 ยท EMD 70/100 ยท close 28.02 5 Dec 2025 ยท EMD 72/100 ยท close 28.13 12 Dec 2025 ยท EMD 72/100 ยท close 28.24 19 Dec 2025 ยท EMD 74/100 ยท close 28.29 26 Dec 2025 ยท EMD 72/100 ยท close 28.36 2 Jan 2026 ยท EMD 77/100 ยท close 28.36 9 Jan 2026 ยท EMD 81/100 ยท close 28.57 16 Jan 2026 ยท EMD 75/100 ยท close 28.62 23 Jan 2026 ยท EMD 82/100 ยท close 28.68 30 Jan 2026 ยท EMD 75/100 ยท close 28.62 6 Feb 2026 ยท EMD 81/100 ยท close 28.69 13 Feb 2026 ยท EMD 79/100 ยท close 28.70 20 Feb 2026 ยท EMD 79/100 ยท close 28.75 27 Feb 2026 ยท EMD 74/100 ยท close 28.75 6 Mar 2026 ยท EMD 65/100 ยท close 28.52 13 Mar 2026 ยท EMD 67/100 ยท close 28.46 20 Mar 2026 ยท EMD 57/100 ยท close 28.38 27 Mar 2026 ยท EMD 64/100 ยท close 28.47 3 Apr 2026 ยท EMD 71/100 ยท close 28.84 10 Apr 2026 ยท EMD 77/100 ยท close 29.05 17 Apr 2026 ยท EMD 73/100 ยท close 29.15 24 Apr 2026 ยท EMD 62/100 ยท close 29.14 1 May 2026 ยท EMD 68/100 ยท close 29.26 8 May 2026 ยท EMD 70/100 ยท close 29.55 15 May 2026 ยท EMD 55/100 ยท close 29.14 22 May 2026 ยท EMD 72/100 ยท close 29.56 29 May 2026 ยท EMD 67/100 ยท close 29.86 5 Jun 2026 ยท EMD 57/100 ยท close 29.41 12 Jun 2026 ยท EMD 70/100 ยท close 29.99 19 Jun 2026 ยท EMD 68/100 ยท close 30.18 26 Jun 2026 ยท EMD 72/100 ยท close 30.28 3 Jul 2026 ยท EMD 68/100 ยท close 30.31 10 Jul 2026 ยท EMD 68/100 ยท close 30.29 17 Jul 2026 ยท EMD 67/100 ยท close 30.23 24 Jul 2026 ยท EMD 66/100 ยท close 30.09 31 Jul 2026 ยท EMD 65/100 ยท close 30.18 7 Aug 2026 ยท EMD 67/100 ยท close 30.70 14 Aug 2026 ยท EMD 69/100 ยท close 30.91 21 Aug 2026 ยท EMD 67/100 ยท close 30.74 28 Aug 2026 ยท EMD 65/100 ยท close 30.56 4 Jul 2025 ยท Up-cycle confirmed ยท close 26.56 2 May 20252 Jan 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 90%Current EMD +29.94-week EMD change -0.5156-week price range USD 25.12โ€“30.91

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

86/1000.79

Strengthening beneath price
4-week change +0.24

02

Trend and deviation

81/100+3.5% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

68/1004w +1.3% ยท 13w +2.3%

Momentum is supportive
SMI 0.88

04

Price-volume pressure

45/10045% constructive pressure

Volume is leaning against the close
Volume ratio 0.43x

05

Relative leadership

33/100-4.13

The ticker is lagging its benchmark
4-week change -1.15

06

Modeled Trend

89/100Modeled Trend 0.80

Modeled Trend is supportive
Smoothed Modeled Trend 0.74

Evidence context