TLV ยท ETF ยท ENHANCED MARKET DYNAMICS

HRL-F82

Harel Sal S&P 500 Low Volatility ILS (40a')

IL

EMD SCORE58/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions remain positive, but momentum has eased.

Constructive fade33% directional agreement79% evidence confidence
Completed week
28 Aug 2026
Latest close
ILA 118,200.00
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

4 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.
14 Jul 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท ILA +100+500-50-100 124,413.40106,555.0088,696.60 14 Jul 2023 ยท EMD 55/100 ยท close 98,630.00 21 Jul 2023 ยท EMD 55/100 ยท close 99,140.00 28 Jul 2023 ยท EMD 57/100 ยท close 100,500.00 4 Aug 2023 ยท EMD 54/100 ยท close 98,790.00 11 Aug 2023 ยท EMD 52/100 ยท close 98,020.00 18 Aug 2023 ยท EMD 57/100 ยท close 97,680.00 25 Aug 2023 ยท EMD 48/100 ยท close 96,390.00 1 Sep 2023 ยท EMD 48/100 ยท close 96,490.00 8 Sep 2023 ยท EMD 40/100 ยท close 94,210.00 15 Sep 2023 ยท EMD 50/100 ยท close 96,120.00 22 Sep 2023 ยท EMD 49/100 ยท close 96,700.00 29 Sep 2023 ยท EMD 38/100 ยท close 92,750.00 6 Oct 2023 ยท EMD 42/100 ยท close 92,880.00 13 Oct 2023 ยท EMD 39/100 ยท close 90,610.00 20 Oct 2023 ยท EMD 44/100 ยท close 92,720.00 27 Oct 2023 ยท EMD 47/100 ยท close 92,200.00 3 Nov 2023 ยท EMD 45/100 ยท close 92,960.00 10 Nov 2023 ยท EMD 45/100 ยท close 93,990.00 17 Nov 2023 ยท EMD 50/100 ยท close 95,020.00 24 Nov 2023 ยท EMD 49/100 ยท close 95,970.00 1 Dec 2023 ยท EMD 50/100 ยท close 96,280.00 8 Dec 2023 ยท EMD 55/100 ยท close 97,050.00 15 Dec 2023 ยท EMD 60/100 ยท close 99,900.00 22 Dec 2023 ยท EMD 51/100 ยท close 97,110.00 29 Dec 2023 ยท EMD 60/100 ยท close 98,090.00 5 Jan 2024 ยท EMD 65/100 ยท close 99,390.00 12 Jan 2024 ยท EMD 60/100 ยท close 99,360.00 19 Jan 2024 ยท EMD 57/100 ยท close 98,560.00 26 Jan 2024 ยท EMD 58/100 ยท close 98,920.00 2 Feb 2024 ยท EMD 64/100 ยท close 99,300.00 9 Feb 2024 ยท EMD 65/100 ยท close 98,890.00 16 Feb 2024 ยท EMD 66/100 ยท close 98,950.00 23 Feb 2024 ยท EMD 71/100 ยท close 100,700.00 1 Mar 2024 ยท EMD 69/100 ยท close 101,200.00 8 Mar 2024 ยท EMD 70/100 ยท close 101,800.00 15 Mar 2024 ยท EMD 74/100 ยท close 102,000.00 22 Mar 2024 ยท EMD 74/100 ยท close 102,600.00 29 Mar 2024 ยท EMD 72/100 ยท close 103,000.00 5 Apr 2024 ยท EMD 65/100 ยท close 102,300.00 12 Apr 2024 ยท EMD 62/100 ยท close 100,800.00 19 Apr 2024 ยท EMD 61/100 ยท close 98,630.00 26 Apr 2024 ยท EMD 62/100 ยท close 100,800.00 3 May 2024 ยท EMD 55/100 ยท close 99,700.00 10 May 2024 ยท EMD 58/100 ยท close 101,300.00 17 May 2024 ยท EMD 64/100 ยท close 102,800.00 24 May 2024 ยท EMD 66/100 ยท close 103,200.00 31 May 2024 ยท EMD 56/100 ยท close 101,300.00 7 Jun 2024 ยท EMD 62/100 ยท close 102,200.00 14 Jun 2024 ยท EMD 56/100 ยท close 101,600.00 21 Jun 2024 ยท EMD 62/100 ยท close 102,800.00 28 Jun 2024 ยท EMD 55/100 ยท close 102,300.00 5 Jul 2024 ยท EMD 58/100 ยท close 101,500.00 12 Jul 2024 ยท EMD 60/100 ยท close 102,700.00 19 Jul 2024 ยท EMD 71/100 ยท close 105,500.00 26 Jul 2024 ยท EMD 63/100 ยท close 105,000.00 2 Aug 2024 ยท EMD 77/100 ยท close 106,600.00 9 Aug 2024 ยท EMD 74/100 ยท close 105,700.00 16 Aug 2024 ยท EMD 71/100 ยท close 106,700.00 23 Aug 2024 ยท EMD 81/100 ยท close 108,600.00 30 Aug 2024 ยท EMD 74/100 ยท close 109,600.00 6 Sep 2024 ยท EMD 83/100 ยท close 111,500.00 13 Sep 2024 ยท EMD 78/100 ยท close 111,000.00 20 Sep 2024 ยท EMD 81/100 ยท close 112,000.00 27 Sep 2024 ยท EMD 80/100 ยท close 112,100.00 1 Nov 2024 ยท EMD 67/100 ยท close 111,000.00 8 Nov 2024 ยท EMD 71/100 ยท close 113,500.00 15 Nov 2024 ยท EMD 73/100 ยท close 114,500.00 29 Nov 2024 ยท EMD 72/100 ยท close 116,500.00 6 Dec 2024 ยท EMD 64/100 ยท close 115,400.00 13 Dec 2024 ยท EMD 65/100 ยท close 113,900.00 20 Dec 2024 ยท EMD 57/100 ยท close 109,300.00 27 Dec 2024 ยท EMD 56/100 ยท close 109,600.00 3 Jan 2025 ยท EMD 60/100 ยท close 110,200.00 10 Jan 2025 ยท EMD 46/100 ยท close 108,100.00 17 Jan 2025 ยท EMD 55/100 ยท close 108,900.00 24 Jan 2025 ยท EMD 55/100 ยท close 111,000.00 31 Jan 2025 ยท EMD 52/100 ยท close 111,400.00 7 Feb 2025 ยท EMD 57/100 ยท close 112,500.00 14 Feb 2025 ยท EMD 56/100 ยท close 112,600.00 21 Feb 2025 ยท EMD 58/100 ยท close 113,200.00 28 Feb 2025 ยท EMD 62/100 ยท close 115,200.00 7 Mar 2025 ยท EMD 52/100 ยท close 114,300.00 14 Mar 2025 ยท EMD 54/100 ยท close 112,800.00 21 Mar 2025 ยท EMD 61/100 ยท close 114,700.00 28 Mar 2025 ยท EMD 59/100 ยท close 114,200.00 4 Apr 2025 ยท EMD 67/100 ยท close 116,200.00 11 Apr 2025 ยท EMD 62/100 ยท close 110,000.00 18 Apr 2025 ยท EMD 57/100 ยท close 111,600.00 25 Apr 2025 ยท EMD 49/100 ยท close 111,700.00 2 May 2025 ยท EMD 45/100 ยท close 111,000.00 9 May 2025 ยท EMD 51/100 ยท close 113,000.00 16 May 2025 ยท EMD 43/100 ยท close 111,500.00 23 May 2025 ยท EMD 47/100 ยท close 113,500.00 30 May 2025 ยท EMD 54/100 ยท close 114,400.00 6 Jun 2025 ยท EMD 52/100 ยท close 113,500.00 13 Jun 2025 ยท EMD 50/100 ยท close 112,500.00 20 Jun 2025 ยท EMD 45/100 ยท close 110,800.00 27 Jun 2025 ยท EMD 42/100 ยท close 112,100.00 4 Jul 2025 ยท EMD 51/100 ยท close 113,500.00 11 Jul 2025 ยท EMD 50/100 ยท close 113,200.00 18 Jul 2025 ยท EMD 51/100 ยท close 112,800.00 25 Jul 2025 ยท EMD 59/100 ยท close 115,300.00 1 Aug 2025 ยท EMD 53/100 ยท close 113,600.00 8 Aug 2025 ยท EMD 59/100 ยท close 114,000.00 15 Aug 2025 ยท EMD 57/100 ยท close 114,200.00 22 Aug 2025 ยท EMD 52/100 ยท close 113,600.00 29 Aug 2025 ยท EMD 53/100 ยท close 113,700.00 5 Sep 2025 ยท EMD 51/100 ยท close 113,900.00 12 Sep 2025 ยท EMD 54/100 ยท close 114,100.00 19 Sep 2025 ยท EMD 53/100 ยท close 113,500.00 26 Sep 2025 ยท EMD 50/100 ยท close 112,700.00 3 Oct 2025 ยท EMD 55/100 ยท close 113,900.00 17 Oct 2025 ยท EMD 52/100 ยท close 114,000.00 24 Oct 2025 ยท EMD 59/100 ยท close 113,900.00 31 Oct 2025 ยท EMD 36/100 ยท close 109,600.00 7 Nov 2025 ยท EMD 44/100 ยท close 109,800.00 14 Nov 2025 ยท EMD 46/100 ยท close 112,800.00 21 Nov 2025 ยท EMD 42/100 ยท close 112,300.00 28 Nov 2025 ยท EMD 41/100 ยท close 112,600.00 5 Dec 2025 ยท EMD 41/100 ยท close 112,300.00 12 Dec 2025 ยท EMD 44/100 ยท close 111,000.00 19 Dec 2025 ยท EMD 47/100 ยท close 112,200.00 26 Dec 2025 ยท EMD 43/100 ยท close 111,900.00 2 Jan 2026 ยท EMD 34/100 ยท close 111,100.00 9 Jan 2026 ยท EMD 44/100 ยท close 112,000.00 16 Jan 2026 ยท EMD 47/100 ยท close 114,100.00 23 Jan 2026 ยท EMD 50/100 ยท close 114,400.00 30 Jan 2026 ยท EMD 48/100 ยท close 113,900.00 6 Feb 2026 ยท EMD 60/100 ยท close 116,500.00 13 Feb 2026 ยท EMD 55/100 ยท close 117,300.00 20 Feb 2026 ยท EMD 60/100 ยท close 117,900.00 27 Feb 2026 ยท EMD 63/100 ยท close 119,700.00 13 Mar 2026 ยท EMD 59/100 ยท close 116,300.00 20 Mar 2026 ยท EMD 61/100 ยท close 118,200.00 27 Mar 2026 ยท EMD 54/100 ยท close 112,800.00 10 Apr 2026 ยท EMD 54/100 ยท close 116,900.00 17 Apr 2026 ยท EMD 56/100 ยท close 116,100.00 24 Apr 2026 ยท EMD 55/100 ยท close 116,300.00 1 May 2026 ยท EMD 54/100 ยท close 115,800.00 8 May 2026 ยท EMD 50/100 ยท close 114,800.00 15 May 2026 ยท EMD 51/100 ยท close 114,000.00 22 May 2026 ยท EMD 53/100 ยท close 114,400.00 29 May 2026 ยท EMD 49/100 ยท close 115,100.00 5 Jun 2026 ยท EMD 48/100 ยท close 113,300.00 12 Jun 2026 ยท EMD 56/100 ยท close 115,900.00 19 Jun 2026 ยท EMD 50/100 ยท close 116,100.00 26 Jun 2026 ยท EMD 59/100 ยท close 117,600.00 3 Jul 2026 ยท EMD 55/100 ยท close 117,900.00 10 Jul 2026 ยท EMD 66/100 ยท close 120,600.00 17 Jul 2026 ยท EMD 64/100 ยท close 121,200.00 24 Jul 2026 ยท EMD 57/100 ยท close 119,100.00 31 Jul 2026 ยท EMD 68/100 ยท close 122,500.00 7 Aug 2026 ยท EMD 61/100 ยท close 120,300.00 14 Aug 2026 ยท EMD 59/100 ยท close 118,800.00 21 Aug 2026 ยท EMD 59/100 ยท close 118,900.00 28 Aug 2026 ยท EMD 58/100 ยท close 118,200.00 8 Dec 2023 ยท Up-cycle confirmed ยท close 97,050.00 14 Jul 202314 Feb 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 88%Current EMD +15.84-week EMD change -19.7156-week price range ILA 90,610.00โ€“122,500.00

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

75/1000.58

Strengthening beneath price
4-week change -0.52

02

Trend and deviation

72/100+1.0% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

60/1004w -3.5% ยท 13w +2.7%

Momentum is supportive
SMI 0.79

04

Price-volume pressure

38/10038% constructive pressure

Volume is leaning against the close
Volume ratio 0.58x

05

Relative leadership

25/100-6.70

The ticker is lagging its benchmark
4-week change -1.64

06

Modeled Trend

89/100Modeled Trend 0.85

Modeled Trend is supportive
Smoothed Modeled Trend 0.73

Evidence context