TOR ยท ETF ยท ENHANCED MARKET DYNAMICS

VOLX

BetaPro S&P 500 VIX Short-Term Futures ETF

CA

EMD SCORE24/100

CURRENT COMPLETED-WEEK READ

Defensive

The latest completed-week readings are broadly cautious. Conditions remain cautious, although the latest readings are improving.

Early repair67% directional agreement89% evidence confidence
Completed week
28 Aug 2026
Latest close
CAD 12.51
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

0 supportive ยท 5 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 80.9544.808.64 8 Sep 2023 ยท EMD 38/100 ยท close 60.40 15 Sep 2023 ยท EMD 41/100 ยท close 58.72 22 Sep 2023 ยท EMD 44/100 ยท close 65.00 29 Sep 2023 ยท EMD 43/100 ยท close 66.16 6 Oct 2023 ยท EMD 42/100 ยท close 67.16 13 Oct 2023 ยท EMD 45/100 ยท close 72.00 20 Oct 2023 ยท EMD 47/100 ยท close 75.08 27 Oct 2023 ยท EMD 48/100 ยท close 77.08 3 Nov 2023 ยท EMD 36/100 ยท close 60.12 10 Nov 2023 ยท EMD 35/100 ยท close 56.72 17 Nov 2023 ยท EMD 32/100 ยท close 52.88 24 Nov 2023 ยท EMD 32/100 ยท close 50.64 1 Dec 2023 ยท EMD 31/100 ยท close 48.88 8 Dec 2023 ยท EMD 28/100 ยท close 47.60 15 Dec 2023 ยท EMD 26/100 ยท close 45.96 22 Dec 2023 ยท EMD 26/100 ยท close 47.32 29 Dec 2023 ยท EMD 24/100 ยท close 44.20 5 Jan 2024 ยท EMD 22/100 ยท close 44.24 12 Jan 2024 ยท EMD 23/100 ยท close 42.28 19 Jan 2024 ยท EMD 24/100 ยท close 42.64 26 Jan 2024 ยท EMD 26/100 ยท close 41.32 2 Feb 2024 ยท EMD 28/100 ยท close 42.16 9 Feb 2024 ยท EMD 25/100 ยท close 39.80 16 Feb 2024 ยท EMD 23/100 ยท close 41.00 23 Feb 2024 ยท EMD 25/100 ยท close 39.68 1 Mar 2024 ยท EMD 29/100 ยท close 38.52 8 Mar 2024 ยท EMD 39/100 ยท close 41.00 15 Mar 2024 ยท EMD 36/100 ยท close 40.28 22 Mar 2024 ยท EMD 32/100 ยท close 37.12 29 Mar 2024 ยท EMD 37/100 ยท close 36.88 5 Apr 2024 ยท EMD 41/100 ยท close 40.28 12 Apr 2024 ยท EMD 41/100 ยท close 41.88 19 Apr 2024 ยท EMD 45/100 ยท close 43.80 26 Apr 2024 ยท EMD 37/100 ยท close 38.00 3 May 2024 ยท EMD 34/100 ยท close 36.32 10 May 2024 ยท EMD 34/100 ยท close 34.44 17 May 2024 ยท EMD 30/100 ยท close 32.44 24 May 2024 ยท EMD 30/100 ยท close 31.92 31 May 2024 ยท EMD 31/100 ยท close 32.72 7 Jun 2024 ยท EMD 28/100 ยท close 31.48 14 Jun 2024 ยท EMD 35/100 ยท close 31.84 21 Jun 2024 ยท EMD 32/100 ยท close 31.88 28 Jun 2024 ยท EMD 30/100 ยท close 30.88 5 Jul 2024 ยท EMD 29/100 ยท close 29.68 12 Jul 2024 ยท EMD 26/100 ยท close 28.72 19 Jul 2024 ยท EMD 37/100 ยท close 32.56 26 Jul 2024 ยท EMD 36/100 ยท close 33.08 2 Aug 2024 ยท EMD 59/100 ยท close 44.16 9 Aug 2024 ยท EMD 47/100 ยท close 38.88 16 Aug 2024 ยท EMD 40/100 ยท close 32.04 23 Aug 2024 ยท EMD 43/100 ยท close 32.60 30 Aug 2024 ยท EMD 36/100 ยท close 31.76 6 Sep 2024 ยท EMD 58/100 ยท close 39.88 13 Sep 2024 ยท EMD 44/100 ยท close 34.56 20 Sep 2024 ยท EMD 44/100 ยท close 33.72 27 Sep 2024 ยท EMD 54/100 ยท close 35.88 4 Oct 2024 ยท EMD 53/100 ยท close 37.44 11 Oct 2024 ยท EMD 55/100 ยท close 38.24 18 Oct 2024 ยท EMD 54/100 ยท close 36.56 25 Oct 2024 ยท EMD 63/100 ยท close 39.12 1 Nov 2024 ยท EMD 67/100 ยท close 40.40 8 Nov 2024 ยท EMD 44/100 ยท close 31.72 15 Nov 2024 ยท EMD 51/100 ยท close 32.84 22 Nov 2024 ยท EMD 40/100 ยท close 32.28 29 Nov 2024 ยท EMD 35/100 ยท close 30.72 6 Dec 2024 ยท EMD 32/100 ยท close 29.52 13 Dec 2024 ยท EMD 36/100 ยท close 30.04 20 Dec 2024 ยท EMD 42/100 ยท close 33.76 27 Dec 2024 ยท EMD 36/100 ยท close 31.32 3 Jan 2025 ยท EMD 33/100 ยท close 31.36 10 Jan 2025 ยท EMD 50/100 ยท close 34.84 17 Jan 2025 ยท EMD 31/100 ยท close 31.12 24 Jan 2025 ยท EMD 31/100 ยท close 29.52 31 Jan 2025 ยท EMD 35/100 ยท close 31.32 7 Feb 2025 ยท EMD 31/100 ยท close 31.08 14 Feb 2025 ยท EMD 29/100 ยท close 29.64 21 Feb 2025 ยท EMD 41/100 ยท close 31.32 28 Feb 2025 ยท EMD 42/100 ยท close 32.20 7 Mar 2025 ยท EMD 59/100 ยท close 36.00 14 Mar 2025 ยท EMD 60/100 ยท close 36.24 21 Mar 2025 ยท EMD 52/100 ยท close 34.16 28 Mar 2025 ยท EMD 69/100 ยท close 36.32 4 Apr 2025 ยท EMD 89/100 ยท close 52.92 11 Apr 2025 ยท EMD 85/100 ยท close 54.48 18 Apr 2025 ยท EMD 87/100 ยท close 50.40 25 Apr 2025 ยท EMD 81/100 ยท close 44.60 2 May 2025 ยท EMD 75/100 ยท close 43.00 9 May 2025 ยท EMD 73/100 ยท close 42.20 16 May 2025 ยท EMD 61/100 ยท close 36.72 23 May 2025 ยท EMD 77/100 ยท close 41.32 30 May 2025 ยท EMD 60/100 ยท close 37.76 6 Jun 2025 ยท EMD 48/100 ยท close 35.48 13 Jun 2025 ยท EMD 67/100 ยท close 38.64 20 Jun 2025 ยท EMD 56/100 ยท close 37.48 27 Jun 2025 ยท EMD 37/100 ยท close 33.72 4 Jul 2025 ยท EMD 42/100 ยท close 34.36 11 Jul 2025 ยท EMD 29/100 ยท close 31.48 18 Jul 2025 ยท EMD 31/100 ยท close 31.52 25 Jul 2025 ยท EMD 26/100 ยท close 29.72 1 Aug 2025 ยท EMD 38/100 ยท close 32.00 8 Aug 2025 ยท EMD 25/100 ยท close 28.48 15 Aug 2025 ยท EMD 27/100 ยท close 27.20 22 Aug 2025 ยท EMD 23/100 ยท close 25.12 29 Aug 2025 ยท EMD 27/100 ยท close 25.28 5 Sep 2025 ยท EMD 25/100 ยท close 24.80 12 Sep 2025 ยท EMD 23/100 ยท close 23.36 19 Sep 2025 ยท EMD 24/100 ยท close 23.08 26 Sep 2025 ยท EMD 21/100 ยท close 22.88 3 Oct 2025 ยท EMD 26/100 ยท close 23.08 10 Oct 2025 ยท EMD 37/100 ยท close 25.92 17 Oct 2025 ยท EMD 30/100 ยท close 25.60 24 Oct 2025 ยท EMD 27/100 ยท close 22.92 31 Oct 2025 ยท EMD 35/100 ยท close 23.48 7 Nov 2025 ยท EMD 30/100 ยท close 24.08 14 Nov 2025 ยท EMD 32/100 ยท close 23.96 21 Nov 2025 ยท EMD 41/100 ยท close 25.80 28 Nov 2025 ยท EMD 33/100 ยท close 22.56 5 Dec 2025 ยท EMD 31/100 ยท close 21.23 12 Dec 2025 ยท EMD 31/100 ยท close 20.50 19 Dec 2025 ยท EMD 26/100 ยท close 19.27 26 Dec 2025 ยท EMD 24/100 ยท close 18.57 2 Jan 2026 ยท EMD 22/100 ยท close 17.99 9 Jan 2026 ยท EMD 24/100 ยท close 17.79 16 Jan 2026 ยท EMD 26/100 ยท close 18.24 23 Jan 2026 ยท EMD 26/100 ยท close 18.32 30 Jan 2026 ยท EMD 33/100 ยท close 18.97 6 Feb 2026 ยท EMD 32/100 ยท close 18.98 13 Feb 2026 ยท EMD 39/100 ยท close 20.09 20 Feb 2026 ยท EMD 33/100 ยท close 19.53 27 Feb 2026 ยท EMD 37/100 ยท close 19.84 6 Mar 2026 ยท EMD 56/100 ยท close 24.57 13 Mar 2026 ยท EMD 56/100 ยท close 24.12 20 Mar 2026 ยท EMD 60/100 ยท close 24.80 27 Mar 2026 ยท EMD 63/100 ยท close 27.08 3 Apr 2026 ยท EMD 54/100 ยท close 23.88 10 Apr 2026 ยท EMD 46/100 ยท close 21.18 17 Apr 2026 ยท EMD 43/100 ยท close 19.94 24 Apr 2026 ยท EMD 43/100 ยท close 20.47 1 May 2026 ยท EMD 38/100 ยท close 19.46 8 May 2026 ยท EMD 37/100 ยท close 19.23 15 May 2026 ยท EMD 36/100 ยท close 19.13 22 May 2026 ยท EMD 32/100 ยท close 18.05 29 May 2026 ยท EMD 30/100 ยท close 16.52 5 Jun 2026 ยท EMD 31/100 ยท close 17.28 12 Jun 2026 ยท EMD 28/100 ยท close 16.57 19 Jun 2026 ยท EMD 28/100 ยท close 15.83 26 Jun 2026 ยท EMD 28/100 ยท close 15.96 3 Jul 2026 ยท EMD 26/100 ยท close 14.87 10 Jul 2026 ยท EMD 26/100 ยท close 14.45 17 Jul 2026 ยท EMD 27/100 ยท close 15.31 24 Jul 2026 ยท EMD 25/100 ยท close 15.24 31 Jul 2026 ยท EMD 17/100 ยท close 14.53 7 Aug 2026 ยท EMD 19/100 ยท close 13.87 14 Aug 2026 ยท EMD 21/100 ยท close 13.23 21 Aug 2026 ยท EMD 20/100 ยท close 12.89 28 Aug 2026 ยท EMD 24/100 ยท close 12.51 3 Nov 2023 ยท Down-cycle confirmed ยท close 60.12 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 7%Current EMD -52.04-week EMD change +14.7156-week price range CAD 12.51โ€“77.08

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

8/100-1.19

Cautious pressure beneath price
4-week change +0.03

02

Trend and deviation

0/100-31.7% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

21/1004w -13.9% ยท 13w -24.3%

Momentum is applying downside pressure
SMI 0.01

04

Price-volume pressure

41/10041% constructive pressure

Volume is leaning against the close
Volume ratio 1.01x

05

Relative leadership

0/100-44.09

The ticker is lagging its benchmark
4-week change -6.87

06

Modeled Trend

57/100Modeled Trend 0.12

Modeled Trend is supportive
Smoothed Modeled Trend 0.10

Evidence context