CBOE ยท ETF ยท ENHANCED MARKET DYNAMICS

USMV

ISHARES MSCI USA MIN VOL FACTOR ETF

US

EMD SCORE70/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build60% directional agreement87% evidence confidence
Completed week
28 Aug 2026
Latest close
USD 101.74
Evidence
156 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.
8 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท USD +100+500-50-100 103.8084.6065.40 8 Sep 2023 ยท EMD 60/100 ยท close 71.07 15 Sep 2023 ยท EMD 56/100 ยท close 71.17 22 Sep 2023 ยท EMD 53/100 ยท close 70.46 29 Sep 2023 ยท EMD 51/100 ยท close 69.20 6 Oct 2023 ยท EMD 50/100 ยท close 69.07 13 Oct 2023 ยท EMD 48/100 ยท close 69.74 20 Oct 2023 ยท EMD 38/100 ยท close 68.56 27 Oct 2023 ยท EMD 41/100 ยท close 67.46 3 Nov 2023 ยท EMD 52/100 ยท close 70.48 10 Nov 2023 ยท EMD 52/100 ยท close 70.67 17 Nov 2023 ยท EMD 53/100 ยท close 71.47 24 Nov 2023 ยท EMD 65/100 ยท close 72.62 1 Dec 2023 ยท EMD 70/100 ยท close 73.50 8 Dec 2023 ยท EMD 63/100 ยท close 73.17 15 Dec 2023 ยท EMD 64/100 ยท close 73.97 22 Dec 2023 ยท EMD 67/100 ยท close 74.43 29 Dec 2023 ยท EMD 67/100 ยท close 75.02 5 Jan 2024 ยท EMD 67/100 ยท close 74.86 12 Jan 2024 ยท EMD 69/100 ยท close 75.77 19 Jan 2024 ยท EMD 70/100 ยท close 76.32 26 Jan 2024 ยท EMD 72/100 ยท close 76.90 2 Feb 2024 ยท EMD 71/100 ยท close 77.25 9 Feb 2024 ยท EMD 70/100 ยท close 77.25 16 Feb 2024 ยท EMD 72/100 ยท close 77.36 23 Feb 2024 ยท EMD 72/100 ยท close 78.64 1 Mar 2024 ยท EMD 72/100 ยท close 78.64 8 Mar 2024 ยท EMD 72/100 ยท close 78.96 15 Mar 2024 ยท EMD 69/100 ยท close 79.02 22 Mar 2024 ยท EMD 70/100 ยท close 79.85 29 Mar 2024 ยท EMD 73/100 ยท close 80.71 5 Apr 2024 ยท EMD 66/100 ยท close 79.51 12 Apr 2024 ยท EMD 61/100 ยท close 77.69 19 Apr 2024 ยท EMD 65/100 ยท close 77.73 26 Apr 2024 ยท EMD 60/100 ยท close 78.15 3 May 2024 ยท EMD 60/100 ยท close 78.32 10 May 2024 ยท EMD 62/100 ยท close 80.06 17 May 2024 ยท EMD 64/100 ยท close 81.18 24 May 2024 ยท EMD 59/100 ยท close 80.17 31 May 2024 ยท EMD 63/100 ยท close 79.95 7 Jun 2024 ยท EMD 61/100 ยท close 80.23 14 Jun 2024 ยท EMD 58/100 ยท close 80.31 21 Jun 2024 ยท EMD 63/100 ยท close 81.53 28 Jun 2024 ยท EMD 58/100 ยท close 81.37 5 Jul 2024 ยท EMD 61/100 ยท close 81.52 12 Jul 2024 ยท EMD 65/100 ยท close 83.02 19 Jul 2024 ยท EMD 61/100 ยท close 83.01 26 Jul 2024 ยท EMD 72/100 ยท close 83.71 2 Aug 2024 ยท EMD 75/100 ยท close 84.21 9 Aug 2024 ยท EMD 80/100 ยท close 84.14 16 Aug 2024 ยท EMD 78/100 ยท close 86.15 23 Aug 2024 ยท EMD 80/100 ยท close 87.46 30 Aug 2024 ยท EMD 80/100 ยท close 88.50 6 Sep 2024 ยท EMD 69/100 ยท close 86.56 13 Sep 2024 ยท EMD 82/100 ยท close 88.52 20 Sep 2024 ยท EMD 74/100 ยท close 88.47 27 Sep 2024 ยท EMD 74/100 ยท close 88.66 4 Oct 2024 ยท EMD 75/100 ยท close 88.68 11 Oct 2024 ยท EMD 76/100 ยท close 89.57 18 Oct 2024 ยท EMD 75/100 ยท close 90.41 25 Oct 2024 ยท EMD 65/100 ยท close 88.59 1 Nov 2024 ยท EMD 63/100 ยท close 87.58 8 Nov 2024 ยท EMD 71/100 ยท close 90.99 15 Nov 2024 ยท EMD 59/100 ยท close 88.73 22 Nov 2024 ยท EMD 69/100 ยท close 90.98 29 Nov 2024 ยท EMD 69/100 ยท close 92.04 6 Dec 2024 ยท EMD 60/100 ยท close 91.05 13 Dec 2024 ยท EMD 57/100 ยท close 89.23 20 Dec 2024 ยท EMD 55/100 ยท close 87.47 27 Dec 2024 ยท EMD 55/100 ยท close 87.70 3 Jan 2025 ยท EMD 54/100 ยท close 87.14 10 Jan 2025 ยท EMD 44/100 ยท close 85.75 17 Jan 2025 ยท EMD 52/100 ยท close 87.87 24 Jan 2025 ยท EMD 55/100 ยท close 88.94 31 Jan 2025 ยท EMD 58/100 ยท close 89.93 7 Feb 2025 ยท EMD 60/100 ยท close 90.67 14 Feb 2025 ยท EMD 59/100 ยท close 90.90 21 Feb 2025 ยท EMD 63/100 ยท close 91.01 28 Feb 2025 ยท EMD 72/100 ยท close 92.49 7 Mar 2025 ยท EMD 69/100 ยท close 91.75 14 Mar 2025 ยท EMD 65/100 ยท close 89.96 21 Mar 2025 ยท EMD 71/100 ยท close 90.70 28 Mar 2025 ยท EMD 65/100 ยท close 91.02 4 Apr 2025 ยท EMD 50/100 ยท close 85.58 11 Apr 2025 ยท EMD 65/100 ยท close 88.31 18 Apr 2025 ยท EMD 56/100 ยท close 88.37 25 Apr 2025 ยท EMD 56/100 ยท close 89.12 2 May 2025 ยท EMD 59/100 ยท close 91.10 9 May 2025 ยท EMD 54/100 ยท close 90.42 16 May 2025 ยท EMD 68/100 ยท close 92.22 23 May 2025 ยท EMD 60/100 ยท close 90.70 30 May 2025 ยท EMD 65/100 ยท close 91.77 6 Jun 2025 ยท EMD 66/100 ยท close 92.01 13 Jun 2025 ยท EMD 58/100 ยท close 91.28 20 Jun 2025 ยท EMD 57/100 ยท close 90.41 27 Jun 2025 ยท EMD 61/100 ยท close 91.60 4 Jul 2025 ยท EMD 63/100 ยท close 92.73 11 Jul 2025 ยท EMD 56/100 ยท close 91.34 18 Jul 2025 ยท EMD 63/100 ยท close 91.54 25 Jul 2025 ยท EMD 65/100 ยท close 92.82 1 Aug 2025 ยท EMD 57/100 ยท close 90.94 8 Aug 2025 ยท EMD 59/100 ยท close 91.43 15 Aug 2025 ยท EMD 59/100 ยท close 92.10 22 Aug 2025 ยท EMD 59/100 ยท close 93.11 29 Aug 2025 ยท EMD 61/100 ยท close 92.83 5 Sep 2025 ยท EMD 59/100 ยท close 92.57 12 Sep 2025 ยท EMD 60/100 ยท close 92.71 19 Sep 2025 ยท EMD 61/100 ยท close 92.78 26 Sep 2025 ยท EMD 63/100 ยท close 93.47 3 Oct 2025 ยท EMD 63/100 ยท close 94.07 10 Oct 2025 ยท EMD 58/100 ยท close 92.93 17 Oct 2025 ยท EMD 61/100 ยท close 93.00 24 Oct 2025 ยท EMD 60/100 ยท close 93.43 31 Oct 2025 ยท EMD 53/100 ยท close 92.13 7 Nov 2025 ยท EMD 58/100 ยท close 91.94 14 Nov 2025 ยท EMD 56/100 ยท close 93.13 21 Nov 2025 ยท EMD 55/100 ยท close 92.64 28 Nov 2025 ยท EMD 59/100 ยท close 94.25 5 Dec 2025 ยท EMD 56/100 ยท close 93.51 12 Dec 2025 ยท EMD 58/100 ยท close 93.56 19 Dec 2025 ยท EMD 57/100 ยท close 93.44 26 Dec 2025 ยท EMD 58/100 ยท close 94.43 2 Jan 2026 ยท EMD 53/100 ยท close 92.98 9 Jan 2026 ยท EMD 58/100 ยท close 93.96 16 Jan 2026 ยท EMD 55/100 ยท close 93.74 23 Jan 2026 ยท EMD 59/100 ยท close 94.20 30 Jan 2026 ยท EMD 59/100 ยท close 94.31 6 Feb 2026 ยท EMD 68/100 ยท close 95.34 13 Feb 2026 ยท EMD 67/100 ยท close 95.50 20 Feb 2026 ยท EMD 65/100 ยท close 95.50 27 Feb 2026 ยท EMD 71/100 ยท close 97.11 6 Mar 2026 ยท EMD 64/100 ยท close 95.95 13 Mar 2026 ยท EMD 59/100 ยท close 94.39 20 Mar 2026 ยท EMD 56/100 ยท close 92.06 27 Mar 2026 ยท EMD 48/100 ยท close 90.84 3 Apr 2026 ยท EMD 52/100 ยท close 93.07 10 Apr 2026 ยท EMD 45/100 ยท close 92.46 17 Apr 2026 ยท EMD 50/100 ยท close 94.57 24 Apr 2026 ยท EMD 47/100 ยท close 93.79 1 May 2026 ยท EMD 48/100 ยท close 94.29 8 May 2026 ยท EMD 45/100 ยท close 93.74 15 May 2026 ยท EMD 47/100 ยท close 94.41 22 May 2026 ยท EMD 59/100 ยท close 96.58 29 May 2026 ยท EMD 56/100 ยท close 96.30 5 Jun 2026 ยท EMD 54/100 ยท close 95.34 12 Jun 2026 ยท EMD 62/100 ยท close 95.75 19 Jun 2026 ยท EMD 53/100 ยท close 94.24 26 Jun 2026 ยท EMD 63/100 ยท close 95.99 3 Jul 2026 ยท EMD 66/100 ยท close 97.89 10 Jul 2026 ยท EMD 63/100 ยท close 97.76 17 Jul 2026 ยท EMD 61/100 ยท close 96.60 24 Jul 2026 ยท EMD 67/100 ยท close 96.95 31 Jul 2026 ยท EMD 65/100 ยท close 97.93 7 Aug 2026 ยท EMD 71/100 ยท close 100.62 14 Aug 2026 ยท EMD 69/100 ยท close 101.13 21 Aug 2026 ยท EMD 70/100 ยท close 101.23 28 Aug 2026 ยท EMD 70/100 ยท close 101.74 24 Nov 2023 ยท Up-cycle confirmed ยท close 72.62 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 92%Current EMD +40.34-week EMD change +11.3156-week price range USD 67.46โ€“101.74

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

94/1001.42

Strengthening beneath price
4-week change +0.38

02

Trend and deviation

88/100+6.0% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

75/1004w +3.9% ยท 13w +5.6%

Momentum is supportive
SMI 0.95

04

Price-volume pressure

52/10052% constructive pressure

Volume is confirming the close
Volume ratio 0.76x

05

Relative leadership

38/100-2.91

The ticker is lagging its benchmark
4-week change +1.60

06

Modeled Trend

88/100Modeled Trend 0.88

Modeled Trend is supportive
Smoothed Modeled Trend 0.63

Evidence context