MIL ยท ETF ยท ENHANCED MARKET DYNAMICS

RTWO

L&G Russell 2000 US Small Cap Quality UCITS ETF USD Accumulate

IT

EMD SCORE76/100

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 build100% directional agreement100% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 123.34
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

5 supportive ยท 0 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 EUR +100+500-50-100 128.82100.2871.73 8 Sep 2023 ยท EMD 56/100 ยท close 82.12 15 Sep 2023 ยท EMD 54/100 ยท close 81.83 22 Sep 2023 ยท EMD 52/100 ยท close 79.76 29 Sep 2023 ยท EMD 60/100 ยท close 80.91 6 Oct 2023 ยท EMD 48/100 ยท close 78.46 13 Oct 2023 ยท EMD 49/100 ยท close 78.66 20 Oct 2023 ยท EMD 36/100 ยท close 76.44 27 Oct 2023 ยท EMD 35/100 ยท close 74.79 3 Nov 2023 ยท EMD 44/100 ยท close 78.24 10 Nov 2023 ยท EMD 36/100 ยท close 76.09 17 Nov 2023 ยท EMD 46/100 ยท close 78.94 24 Nov 2023 ยท EMD 46/100 ยท close 79.10 1 Dec 2023 ยท EMD 51/100 ยท close 81.16 8 Dec 2023 ยท EMD 52/100 ยท close 82.97 15 Dec 2023 ยท EMD 63/100 ยท close 86.94 22 Dec 2023 ยท EMD 76/100 ยท close 87.85 29 Dec 2023 ยท EMD 61/100 ยท close 87.00 5 Jan 2024 ยท EMD 63/100 ยท close 85.07 12 Jan 2024 ยท EMD 66/100 ยท close 84.87 19 Jan 2024 ยท EMD 66/100 ยท close 84.20 26 Jan 2024 ยท EMD 71/100 ยท close 86.81 2 Feb 2024 ยท EMD 70/100 ยท close 86.52 9 Feb 2024 ยท EMD 76/100 ยท close 87.54 16 Feb 2024 ยท EMD 80/100 ยท close 89.63 23 Feb 2024 ยท EMD 69/100 ยท close 88.19 1 Mar 2024 ยท EMD 78/100 ยท close 90.60 8 Mar 2024 ยท EMD 73/100 ยท close 90.55 15 Mar 2024 ยท EMD 65/100 ยท close 88.44 22 Mar 2024 ยท EMD 70/100 ยท close 91.11 29 Mar 2024 ยท EMD 71/100 ยท close 93.52 5 Apr 2024 ยท EMD 64/100 ยท close 90.31 12 Apr 2024 ยท EMD 64/100 ยท close 89.95 19 Apr 2024 ยท EMD 58/100 ยท close 87.19 26 Apr 2024 ยท EMD 62/100 ยท close 89.12 3 May 2024 ยท EMD 60/100 ยท close 89.66 10 May 2024 ยท EMD 57/100 ยท close 90.77 17 May 2024 ยท EMD 58/100 ยท close 91.35 24 May 2024 ยท EMD 58/100 ยท close 90.58 31 May 2024 ยท EMD 55/100 ยท close 89.97 7 Jun 2024 ยท EMD 52/100 ยท close 89.45 14 Jun 2024 ยท EMD 53/100 ยท close 89.17 21 Jun 2024 ยท EMD 57/100 ยท close 89.97 28 Jun 2024 ยท EMD 60/100 ยท close 91.03 5 Jul 2024 ยท EMD 52/100 ยท close 89.21 12 Jul 2024 ยท EMD 73/100 ยท close 93.81 19 Jul 2024 ยท EMD 62/100 ยท close 94.78 26 Jul 2024 ยท EMD 79/100 ยท close 97.82 2 Aug 2024 ยท EMD 66/100 ยท close 91.11 9 Aug 2024 ยท EMD 72/100 ยท close 90.79 16 Aug 2024 ยท EMD 67/100 ยท close 92.41 23 Aug 2024 ยท EMD 70/100 ยท close 94.40 30 Aug 2024 ยท EMD 68/100 ยท close 94.63 6 Sep 2024 ยท EMD 55/100 ยท close 89.57 13 Sep 2024 ยท EMD 68/100 ยท close 93.16 20 Sep 2024 ยท EMD 69/100 ยท close 95.41 27 Sep 2024 ยท EMD 69/100 ยท close 95.85 4 Oct 2024 ยท EMD 74/100 ยท close 95.99 11 Oct 2024 ยท EMD 75/100 ยท close 97.16 18 Oct 2024 ยท EMD 79/100 ยท close 100.12 25 Oct 2024 ยท EMD 70/100 ยท close 98.06 1 Nov 2024 ยท EMD 72/100 ยท close 97.24 8 Nov 2024 ยท EMD 90/100 ยท close 106.40 15 Nov 2024 ยท EMD 72/100 ยท close 104.82 22 Nov 2024 ยท EMD 95/100 ยท close 110.17 29 Nov 2024 ยท EMD 80/100 ยท close 110.13 6 Dec 2024 ยท EMD 76/100 ยท close 108.39 13 Dec 2024 ยท EMD 77/100 ยท close 106.67 20 Dec 2024 ยท EMD 74/100 ยท close 103.01 27 Dec 2024 ยท EMD 74/100 ยท close 102.13 3 Jan 2025 ยท EMD 75/100 ยท close 103.62 10 Jan 2025 ยท EMD 64/100 ยท close 101.88 17 Jan 2025 ยท EMD 73/100 ยท close 105.61 24 Jan 2025 ยท EMD 66/100 ยท close 105.11 31 Jan 2025 ยท EMD 72/100 ยท close 106.42 7 Feb 2025 ยท EMD 67/100 ยท close 105.43 14 Feb 2025 ยท EMD 59/100 ยท close 103.98 21 Feb 2025 ยท EMD 52/100 ยท close 101.87 28 Feb 2025 ยท EMD 48/100 ยท close 98.81 7 Mar 2025 ยท EMD 30/100 ยท close 90.18 14 Mar 2025 ยท EMD 35/100 ยท close 89.74 21 Mar 2025 ยท EMD 36/100 ยท close 91.28 28 Mar 2025 ยท EMD 32/100 ยท close 89.75 4 Apr 2025 ยท EMD 26/100 ยท close 80.88 11 Apr 2025 ยท EMD 27/100 ยท close 77.57 18 Apr 2025 ยท EMD 28/100 ยท close 80.03 25 Apr 2025 ยท EMD 33/100 ยท close 82.87 2 May 2025 ยท EMD 36/100 ยท close 86.24 9 May 2025 ยท EMD 34/100 ยท close 87.64 16 May 2025 ยท EMD 37/100 ยท close 92.01 23 May 2025 ยท EMD 31/100 ยท close 87.73 30 May 2025 ยท EMD 32/100 ยท close 89.14 6 Jun 2025 ยท EMD 42/100 ยท close 90.73 13 Jun 2025 ยท EMD 30/100 ยท close 89.04 20 Jun 2025 ยท EMD 38/100 ยท close 89.07 27 Jun 2025 ยท EMD 47/100 ยท close 89.89 4 Jul 2025 ยท EMD 44/100 ยท close 90.75 11 Jul 2025 ยท EMD 46/100 ยท close 91.89 18 Jul 2025 ยท EMD 48/100 ยท close 91.81 25 Jul 2025 ยท EMD 46/100 ยท close 91.30 1 Aug 2025 ยท EMD 43/100 ยท close 89.68 8 Aug 2025 ยท EMD 46/100 ยท close 91.20 15 Aug 2025 ยท EMD 50/100 ยท close 93.92 22 Aug 2025 ยท EMD 56/100 ยท close 96.51 29 Aug 2025 ยท EMD 55/100 ยท close 96.53 5 Sep 2025 ยท EMD 65/100 ยท close 96.85 12 Sep 2025 ยท EMD 68/100 ยท close 97.91 19 Sep 2025 ยท EMD 71/100 ยท close 99.31 26 Sep 2025 ยท EMD 66/100 ยท close 98.48 3 Oct 2025 ยท EMD 71/100 ยท close 100.00 10 Oct 2025 ยท EMD 61/100 ยท close 98.05 17 Oct 2025 ยท EMD 63/100 ยท close 98.41 24 Oct 2025 ยท EMD 70/100 ยท close 100.43 31 Oct 2025 ยท EMD 62/100 ยท close 100.29 7 Nov 2025 ยท EMD 61/100 ยท close 97.93 14 Nov 2025 ยท EMD 61/100 ยท close 97.73 21 Nov 2025 ยท EMD 63/100 ยท close 97.16 28 Nov 2025 ยท EMD 72/100 ยท close 101.82 5 Dec 2025 ยท EMD 68/100 ยท close 102.10 12 Dec 2025 ยท EMD 67/100 ยท close 102.66 19 Dec 2025 ยท EMD 66/100 ยท close 102.13 26 Dec 2025 ยท EMD 63/100 ยท close 101.87 2 Jan 2026 ยท EMD 59/100 ยท close 100.64 9 Jan 2026 ยท EMD 72/100 ยท close 106.50 16 Jan 2026 ยท EMD 78/100 ยท close 108.91 23 Jan 2026 ยท EMD 76/100 ยท close 107.33 30 Jan 2026 ยท EMD 64/100 ยท close 103.97 6 Feb 2026 ยท EMD 79/100 ยท close 106.78 13 Feb 2026 ยท EMD 74/100 ยท close 106.62 20 Feb 2026 ยท EMD 75/100 ยท close 107.47 27 Feb 2026 ยท EMD 66/100 ยท close 106.10 6 Mar 2026 ยท EMD 74/100 ยท close 106.25 13 Mar 2026 ยท EMD 66/100 ยท close 103.17 20 Mar 2026 ยท EMD 59/100 ยท close 101.64 27 Mar 2026 ยท EMD 59/100 ยท close 102.33 3 Apr 2026 ยท EMD 61/100 ยท close 104.30 10 Apr 2026 ยท EMD 59/100 ยท close 107.02 17 Apr 2026 ยท EMD 66/100 ยท close 111.44 24 Apr 2026 ยท EMD 74/100 ยท close 112.87 1 May 2026 ยท EMD 72/100 ยท close 112.35 8 May 2026 ยท EMD 75/100 ยท close 114.53 15 May 2026 ยท EMD 69/100 ยท close 113.79 22 May 2026 ยท EMD 79/100 ยท close 116.13 29 May 2026 ยท EMD 73/100 ยท close 117.12 5 Jun 2026 ยท EMD 76/100 ยท close 117.90 12 Jun 2026 ยท EMD 80/100 ยท close 121.00 19 Jun 2026 ยท EMD 78/100 ยท close 122.69 26 Jun 2026 ยท EMD 82/100 ยท close 124.86 3 Jul 2026 ยท EMD 79/100 ยท close 124.37 10 Jul 2026 ยท EMD 77/100 ยท close 123.84 17 Jul 2026 ยท EMD 78/100 ยท close 123.92 24 Jul 2026 ยท EMD 78/100 ยท close 124.10 31 Jul 2026 ยท EMD 64/100 ยท close 121.27 7 Aug 2026 ยท EMD 76/100 ยท close 124.85 14 Aug 2026 ยท EMD 77/100 ยท close 125.76 21 Aug 2026 ยท EMD 63/100 ยท close 122.50 28 Aug 2026 ยท EMD 76/100 ยท close 123.34 1 Dec 2023 ยท Up-cycle confirmed ยท close 81.16 25 Apr 2025 ยท Up-cycle confirmed ยท close 82.87 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 93%Current EMD +51.24-week EMD change +23.8156-week price range EUR 74.79โ€“125.76

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

71/1000.25

Strengthening beneath price
4-week change -0.81

02

Trend and deviation

91/100+7.2% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

71/1004w +1.7% ยท 13w +5.3%

Momentum is supportive
SMI 0.92

04

Price-volume pressure

78/10078% constructive pressure

Volume is confirming the close
Volume ratio 5.86x

05

Relative leadership

52/1000.54

Leadership is supportive
4-week change +0.41

06

Modeled Trend

91/100Modeled Trend 0.90

Modeled Trend is supportive
Smoothed Modeled Trend 0.81

Evidence context