CBOE ยท ETF ยท ENHANCED MARKET DYNAMICS

NEBX

Tradr 2X Long NBIS Daily ETF

US

EMD SCORE52/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions remain positive, but momentum has eased.

Constructive fade33% directional agreement67% evidence confidence
Completed week
28 Aug 2026
Latest close
USD 22.39
Evidence
51 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 2 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
12 Sep 2025โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท USD +100+500-50-100 68.0636.755.44 12 Sep 2025 ยท EMD 43/100 ยท close 14.07 19 Sep 2025 ยท EMD 50/100 ยท close 17.06 26 Sep 2025 ยท EMD 47/100 ยท close 19.75 3 Oct 2025 ยท EMD 50/100 ยท close 27.55 10 Oct 2025 ยท EMD 52/100 ยท close 27.84 17 Oct 2025 ยท EMD 49/100 ยท close 20.97 24 Oct 2025 ยท EMD 57/100 ยท close 21.96 31 Oct 2025 ยท EMD 50/100 ยท close 26.95 7 Nov 2025 ยท EMD 41/100 ยท close 19.00 14 Nov 2025 ยท EMD 36/100 ยท close 10.42 21 Nov 2025 ยท EMD 39/100 ยท close 10.08 28 Nov 2025 ยท EMD 46/100 ยท close 12.89 5 Dec 2025 ยท EMD 44/100 ยท close 13.66 12 Dec 2025 ยท EMD 43/100 ยท close 10.77 19 Dec 2025 ยท EMD 49/100 ยท close 10.90 26 Dec 2025 ยท EMD 38/100 ยท close 10.37 2 Jan 2026 ยท EMD 42/100 ยท close 10.84 9 Jan 2026 ยท EMD 45/100 ยท close 12.73 16 Jan 2026 ยท EMD 47/100 ยท close 15.47 23 Jan 2026 ยท EMD 41/100 ยท close 11.54 30 Jan 2026 ยท EMD 34/100 ยท close 9.16 6 Feb 2026 ยท EMD 39/100 ยท close 8.92 13 Feb 2026 ยท EMD 45/100 ยท close 11.33 20 Feb 2026 ยท EMD 43/100 ยท close 11.16 27 Feb 2026 ยท EMD 39/100 ยท close 9.41 6 Mar 2026 ยท EMD 39/100 ยท close 8.80 13 Mar 2026 ยท EMD 51/100 ยท close 13.67 20 Mar 2026 ยท EMD 47/100 ยท close 14.35 27 Mar 2026 ยท EMD 46/100 ยท close 10.41 3 Apr 2026 ยท EMD 54/100 ยท close 11.77 10 Apr 2026 ยท EMD 72/100 ยท close 20.42 17 Apr 2026 ยท EMD 70/100 ยท close 23.67 24 Apr 2026 ยท EMD 67/100 ยท close 20.74 1 May 2026 ยท EMD 78/100 ยท close 22.40 8 May 2026 ยท EMD 78/100 ยท close 28.46 15 May 2026 ยท EMD 87/100 ยท close 42.59 22 May 2026 ยท EMD 86/100 ยท close 39.20 29 May 2026 ยท EMD 88/100 ยท close 45.07 5 Jun 2026 ยท EMD 79/100 ยท close 42.22 12 Jun 2026 ยท EMD 89/100 ยท close 43.51 19 Jun 2026 ยท EMD 90/100 ยท close 64.71 26 Jun 2026 ยท EMD 76/100 ยท close 44.90 3 Jul 2026 ยท EMD 70/100 ยท close 34.18 10 Jul 2026 ยท EMD 82/100 ยท close 34.64 17 Jul 2026 ยท EMD 55/100 ยท close 21.94 24 Jul 2026 ยท EMD 55/100 ยท close 23.08 31 Jul 2026 ยท EMD 56/100 ยท close 21.68 7 Aug 2026 ยท EMD 40/100 ยท close 20.24 14 Aug 2026 ยท EMD 82/100 ยท close 40.70 21 Aug 2026 ยท EMD 54/100 ยท close 24.75 28 Aug 2026 ยท EMD 52/100 ยท close 22.39 5 Dec 2025 ยท Up-cycle confirmed ยท close 13.66 16 Jan 2026 ยท Up-cycle confirmed ยท close 15.47 13 Mar 2026 ยท Up-cycle confirmed ยท close 13.67 10 Apr 2026 ยท Up-cycle confirmed ยท close 20.42 26 Jun 2026 ยท Down-cycle confirmed ยท close 44.90 12 Sep 20256 Mar 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 62%Current EMD +3.94-week EMD change -8.8156-week price range USD 8.80โ€“64.71

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

46/100-0.18

Cautious pressure beneath price
4-week change -0.23

02

Trend and deviation

37/100-14.0% vs Trend Line

Price structure is below its trend baseline
Trend gate active

03

Momentum and SMI

49/1004w +3.3% ยท 13w -50.3%

Momentum is applying downside pressure
SMI 0.49

04

Price-volume pressure

41/10041% constructive pressure

Volume is leaning against the close
Volume ratio 0.96x

05

Modeled Trend

89/100Modeled Trend 0.79

Modeled Trend is supportive
Smoothed Modeled Trend 0.77

Evidence context