LSE ยท ETF ยท ENHANCED MARKET DYNAMICS

JSET

JPM EUR Ultra-Short Income Active UCITS ETF โ€“ EUR (acc)

GB

EMD SCORE39/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions remain cautious, although the latest readings are improving.

Early repair60% directional agreement87% evidence confidence
Completed week
28 Aug 2026
Latest close
GBP 94.48
Evidence
156 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.
8 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท GBP +100+500-50-100 96.5791.1985.82 8 Sep 2023 ยท EMD 55/100 ยท close 86.39 15 Sep 2023 ยท EMD 51/100 ยท close 86.64 22 Sep 2023 ยท EMD 57/100 ยท close 87.57 29 Sep 2023 ยท EMD 59/100 ยท close 87.35 6 Oct 2023 ยท EMD 56/100 ยท close 87.21 13 Oct 2023 ยท EMD 62/100 ยท close 87.32 20 Oct 2023 ยท EMD 79/100 ยท close 88.03 27 Oct 2023 ยท EMD 74/100 ยท close 88.15 3 Nov 2023 ยท EMD 62/100 ยท close 87.79 10 Nov 2023 ยท EMD 75/100 ยท close 88.56 17 Nov 2023 ยท EMD 74/100 ยท close 88.82 24 Nov 2023 ยท EMD 66/100 ยท close 87.98 1 Dec 2023 ยท EMD 62/100 ยท close 87.17 8 Dec 2023 ยท EMD 69/100 ยท close 87.32 15 Dec 2023 ยท EMD 65/100 ยท close 87.57 22 Dec 2023 ยท EMD 67/100 ยท close 88.40 29 Dec 2023 ยท EMD 66/100 ยท close 88.75 5 Jan 2024 ยท EMD 64/100 ยท close 87.89 12 Jan 2024 ยท EMD 64/100 ยท close 87.87 19 Jan 2024 ยท EMD 66/100 ยท close 87.83 26 Jan 2024 ยท EMD 58/100 ยท close 87.42 2 Feb 2024 ยท EMD 57/100 ยท close 87.46 9 Feb 2024 ยท EMD 57/100 ยท close 87.46 16 Feb 2024 ยท EMD 56/100 ยท close 87.75 23 Feb 2024 ยท EMD 56/100 ยท close 87.62 1 Mar 2024 ยท EMD 57/100 ยท close 87.96 8 Mar 2024 ยท EMD 56/100 ยท close 87.47 15 Mar 2024 ยท EMD 61/100 ยท close 87.90 22 Mar 2024 ยท EMD 66/100 ยท close 88.31 29 Mar 2024 ยท EMD 54/100 ยท close 88.04 5 Apr 2024 ยท EMD 62/100 ยท close 88.44 12 Apr 2024 ยท EMD 60/100 ยท close 88.15 19 Apr 2024 ยท EMD 68/100 ยท close 88.67 26 Apr 2024 ยท EMD 62/100 ยท close 88.55 3 May 2024 ยท EMD 67/100 ยท close 88.71 10 May 2024 ยท EMD 67/100 ยท close 88.99 17 May 2024 ยท EMD 61/100 ยท close 88.55 24 May 2024 ยท EMD 58/100 ยท close 88.13 31 May 2024 ยท EMD 59/100 ยท close 88.28 7 Jun 2024 ยท EMD 56/100 ยท close 88.05 14 Jun 2024 ยท EMD 50/100 ยท close 87.56 21 Jun 2024 ยท EMD 51/100 ยท close 87.90 28 Jun 2024 ยท EMD 49/100 ยท close 88.13 5 Jul 2024 ยท EMD 44/100 ยท close 87.95 12 Jul 2024 ยท EMD 40/100 ยท close 87.50 19 Jul 2024 ยท EMD 49/100 ยท close 87.89 26 Jul 2024 ยท EMD 50/100 ยท close 88.16 2 Aug 2024 ยท EMD 63/100 ยท close 89.20 9 Aug 2024 ยท EMD 53/100 ยท close 89.48 16 Aug 2024 ยท EMD 57/100 ยท close 89.24 23 Aug 2024 ยท EMD 55/100 ยท close 88.71 30 Aug 2024 ยท EMD 60/100 ยท close 88.28 6 Sep 2024 ยท EMD 67/100 ยท close 88.61 13 Sep 2024 ยท EMD 58/100 ยท close 88.59 20 Sep 2024 ยท EMD 52/100 ยท close 88.21 27 Sep 2024 ยท EMD 49/100 ยท close 87.68 4 Oct 2024 ยท EMD 50/100 ยท close 88.11 11 Oct 2024 ยท EMD 49/100 ยท close 88.19 18 Oct 2024 ยท EMD 43/100 ยท close 87.83 25 Oct 2024 ยท EMD 50/100 ยท close 88.00 1 Nov 2024 ยท EMD 49/100 ยท close 88.38 8 Nov 2024 ยท EMD 43/100 ยท close 87.69 15 Nov 2024 ยท EMD 50/100 ยท close 88.28 22 Nov 2024 ยท EMD 41/100 ยท close 87.90 29 Nov 2024 ยท EMD 38/100 ยท close 87.96 6 Dec 2024 ยท EMD 48/100 ยท close 87.89 13 Dec 2024 ยท EMD 46/100 ยท close 88.18 20 Dec 2024 ยท EMD 49/100 ยท close 87.84 27 Dec 2024 ยท EMD 46/100 ยท close 87.96 3 Jan 2025 ยท EMD 47/100 ยท close 88.04 10 Jan 2025 ยท EMD 52/100 ยท close 89.04 17 Jan 2025 ยท EMD 54/100 ยท close 89.75 24 Jan 2025 ยท EMD 54/100 ยท close 89.53 31 Jan 2025 ยท EMD 54/100 ยท close 89.03 7 Feb 2025 ยท EMD 62/100 ยท close 88.82 14 Feb 2025 ยท EMD 61/100 ยท close 88.83 21 Feb 2025 ยท EMD 56/100 ยท close 88.18 28 Feb 2025 ยท EMD 56/100 ยท close 88.25 7 Mar 2025 ยท EMD 64/100 ยท close 89.64 14 Mar 2025 ยท EMD 65/100 ยท close 89.95 21 Mar 2025 ยท EMD 62/100 ยท close 89.56 28 Mar 2025 ยท EMD 66/100 ยท close 89.49 4 Apr 2025 ยท EMD 75/100 ยท close 90.88 11 Apr 2025 ยท EMD 85/100 ยท close 92.93 18 Apr 2025 ยท EMD 74/100 ยท close 91.91 25 Apr 2025 ยท EMD 72/100 ยท close 91.59 2 May 2025 ยท EMD 70/100 ยท close 91.46 9 May 2025 ยท EMD 68/100 ยท close 90.96 16 May 2025 ยท EMD 56/100 ยท close 90.25 23 May 2025 ยท EMD 60/100 ยท close 90.26 30 May 2025 ยท EMD 63/100 ยท close 90.56 6 Jun 2025 ยท EMD 58/100 ยท close 90.60 13 Jun 2025 ยท EMD 61/100 ยท close 91.50 20 Jun 2025 ยท EMD 68/100 ยท close 92.06 27 Jun 2025 ยท EMD 65/100 ยท close 91.98 4 Jul 2025 ยท EMD 76/100 ยท close 93.11 11 Jul 2025 ยท EMD 74/100 ยท close 93.40 18 Jul 2025 ยท EMD 73/100 ยท close 93.51 25 Jul 2025 ยท EMD 70/100 ยท close 94.26 1 Aug 2025 ยท EMD 70/100 ยท close 94.04 8 Aug 2025 ยท EMD 62/100 ยท close 93.66 15 Aug 2025 ยท EMD 66/100 ยท close 93.25 22 Aug 2025 ยท EMD 68/100 ยท close 93.63 29 Aug 2025 ยท EMD 68/100 ยท close 93.66 5 Sep 2025 ยท EMD 69/100 ยท close 93.94 12 Sep 2025 ยท EMD 59/100 ยท close 93.57 19 Sep 2025 ยท EMD 71/100 ยท close 94.33 26 Sep 2025 ยท EMD 65/100 ยท close 94.46 3 Oct 2025 ยท EMD 62/100 ยท close 94.40 10 Oct 2025 ยท EMD 64/100 ยท close 94.33 17 Oct 2025 ยท EMD 62/100 ยท close 94.39 24 Oct 2025 ยท EMD 62/100 ยท close 94.51 31 Oct 2025 ยท EMD 62/100 ยท close 95.30 7 Nov 2025 ยท EMD 63/100 ยท close 95.52 14 Nov 2025 ยท EMD 69/100 ยท close 95.93 21 Nov 2025 ยท EMD 57/100 ยท close 95.53 28 Nov 2025 ยท EMD 57/100 ยท close 95.20 5 Dec 2025 ยท EMD 63/100 ยท close 94.93 12 Dec 2025 ยท EMD 66/100 ยท close 95.54 19 Dec 2025 ยท EMD 56/100 ยท close 95.29 26 Dec 2025 ยท EMD 56/100 ยท close 94.99 2 Jan 2026 ยท EMD 50/100 ยท close 94.79 9 Jan 2026 ยท EMD 55/100 ยท close 94.54 16 Jan 2026 ยท EMD 50/100 ยท close 94.46 23 Jan 2026 ยท EMD 45/100 ยท close 94.46 30 Jan 2026 ยท EMD 50/100 ยท close 94.51 6 Feb 2026 ยท EMD 51/100 ยท close 94.75 13 Feb 2026 ยท EMD 51/100 ยท close 95.14 20 Feb 2026 ยท EMD 52/100 ยท close 95.39 27 Feb 2026 ยท EMD 60/100 ยท close 95.99 6 Mar 2026 ยท EMD 53/100 ยท close 95.00 13 Mar 2026 ยท EMD 52/100 ยท close 94.37 20 Mar 2026 ยท EMD 57/100 ยท close 94.64 27 Mar 2026 ยท EMD 47/100 ยท close 94.54 3 Apr 2026 ยท EMD 47/100 ยท close 95.22 10 Apr 2026 ยท EMD 52/100 ยท close 95.15 17 Apr 2026 ยท EMD 55/100 ยท close 95.26 24 Apr 2026 ยท EMD 48/100 ยท close 94.89 1 May 2026 ยท EMD 46/100 ยท close 94.49 8 May 2026 ยท EMD 49/100 ยท close 94.59 15 May 2026 ยท EMD 54/100 ยท close 95.53 22 May 2026 ยท EMD 40/100 ยท close 94.65 29 May 2026 ยท EMD 48/100 ยท close 95.11 5 Jun 2026 ยท EMD 47/100 ยท close 94.76 12 Jun 2026 ยท EMD 46/100 ยท close 94.76 19 Jun 2026 ยท EMD 48/100 ยท close 95.28 26 Jun 2026 ยท EMD 52/100 ยท close 94.99 3 Jul 2026 ยท EMD 45/100 ยท close 94.34 10 Jul 2026 ยท EMD 44/100 ยท close 93.83 17 Jul 2026 ยท EMD 42/100 ยท close 93.68 24 Jul 2026 ยท EMD 41/100 ยท close 93.98 31 Jul 2026 ยท EMD 33/100 ยท close 94.18 7 Aug 2026 ยท EMD 38/100 ยท close 94.45 14 Aug 2026 ยท EMD 45/100 ยท close 94.33 21 Aug 2026 ยท EMD 45/100 ยท close 94.54 28 Aug 2026 ยท EMD 39/100 ยท close 94.48 4 Apr 2025 ยท Up-cycle confirmed ยท close 90.88 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 83%Current EMD -21.94-week EMD change +11.5156-week price range GBP 86.39โ€“95.99

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

29/100-0.67

Cautious pressure beneath price
4-week change +0.68

02

Trend and deviation

31/100-0.3% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

53/1004w +0.3% ยท 13w -0.7%

Momentum is supportive
SMI 0.12

04

Price-volume pressure

27/10027% constructive pressure

Volume is leaning against the close
Volume ratio 13.10x

05

Relative leadership

25/100-6.68

The ticker is lagging its benchmark
4-week change +1.77

06

Modeled Trend

60/100Modeled Trend 0.08

Modeled Trend is supportive
Smoothed Modeled Trend 0.27

Evidence context