NYSEARCA · ETF · ENHANCED MARKET DYNAMICS

RLY

STATE STREET MULTI-ASSET REAL RETURN ETF

EMD SCORE65/100

CURRENT COMPLETED-WEEK READ

Constructive

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

Constructive fade67% directional agreement89/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: USD 36.87
Evidence: 156 weeks

Four-week EMD change-4.1 pts

signed chart scale −100 to +100

Four-week price-2.2%

completed closing prices

Current directional run88 weeks

on the same side of EMD zero

Recent consistency13/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

5 supportive · 1 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

20 Oct 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 90%Current EMD +30.54-week EMD change -4.1Full saved history price range USD 24.12–37.77

View chart values · 156 observations

Week	Close · USD	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-20	24.31	-16.85	42	60	83
2023-10-27	24.12	-12.26	44	50	83
2023-11-03	24.73	-5.72	47	20	83
2023-11-10	24.17	-21.67	39	60	100
2023-11-17	24.76	0.14	50	0	100
2023-11-24	24.92	1.41	51	20	100
2023-12-01	25.15	0.92	50	33	100
2023-12-08	24.65	-6.37	47	0	100
2023-12-15	25.19	14.31	57	67	100
2023-12-22	25.57	20.15	60	67	100
2023-12-29	25.47	11.46	56	33	100
2024-01-05	25.38	21.8	61	60	100
2024-01-12	25.17	19.11	60	60	100
2024-01-19	24.58	5.7	53	20	100
2024-01-26	24.94	15.67	58	67	100
2024-02-02	24.65	-7.68	46	20	100
2024-02-09	24.55	-7.25	46	33	100
2024-02-16	24.70	-3.46	48	0	100
2024-02-23	24.82	-7.5	46	20	100
2024-03-01	24.96	-5.18	47	0	100
2024-03-08	25.33	10.86	55	33	100
2024-03-15	25.53	15.03	58	60	100
2024-03-22	25.72	16.49	58	60	100
2024-03-29	26.19	29.55	65	67	100
2024-04-05	26.61	36.85	68	67	100
2024-04-12	26.23	24.52	62	33	100
2024-04-19	26.17	37.19	69	67	100
2024-04-26	26.43	37.33	69	67	100
2024-05-03	26.39	33.38	67	60	100
2024-05-10	26.77	36.54	68	60	100
2024-05-17	27.15	42.6	71	67	100
2024-05-24	26.74	27.92	64	33	100
2024-05-31	26.88	37.99	69	67	100
2024-06-07	26.25	13.58	57	33	100
2024-06-14	25.92	6.52	53	33	100
2024-06-21	26.16	24.33	62	67	100
2024-06-28	26.21	6.3	53	20	100
2024-07-05	26.57	20.66	60	60	100
2024-07-12	26.81	22.01	61	60	100
2024-07-19	26.48	7.06	54	20	100
2024-07-26	26.40	13.04	57	50	100
2024-08-02	26.04	2.47	51	0	100
2024-08-09	26.08	10.02	55	20	100
2024-08-16	26.48	8.9	54	33	100
2024-08-23	26.83	10.25	55	20	100
2024-08-30	26.86	11.06	56	20	100
2024-09-06	25.98	3.1	52	0	100
2024-09-13	26.47	9.53	55	33	100
2024-09-20	26.93	14.19	57	60	100
2024-09-27	27.35	20.64	60	60	100
2024-10-04	27.71	34.59	67	67	100
2024-10-11	27.64	32.26	66	67	100
2024-10-18	27.48	30.68	65	67	100
2024-10-25	27.18	18.27	59	33	100
2024-11-01	26.80	13.65	57	33	100
2024-11-08	27.28	21.52	61	60	100
2024-11-15	26.78	6.06	53	33	100
2024-11-22	27.35	32.22	66	67	100
2024-11-29	27.38	23.12	62	67	100
2024-12-06	26.98	3.09	52	33	100
2024-12-13	26.63	-0.2	50	20	100
2024-12-20	25.84	-15.26	42	60	100
2024-12-27	26.03	-6.07	47	20	100
2025-01-03	26.31	-5.73	47	20	100
2025-01-10	26.38	-10.42	45	50	100
2025-01-17	27.16	1.6	51	0	100
2025-01-24	27.22	-2.93	49	20	100
2025-01-31	26.86	-6.21	47	20	100
2025-02-07	27.05	3.66	52	20	100
2025-02-14	27.43	14.88	57	60	100
2025-02-21	27.31	10.88	55	33	100
2025-02-28	27.01	12.37	56	60	100
2025-03-07	26.96	7.27	54	33	100
2025-03-14	27.24	18.56	59	60	100
2025-03-21	27.38	26.46	63	100	100
2025-03-28	27.47	32.35	66	100	100
2025-04-04	25.64	3.27	52	20	100
2025-04-11	26.19	10.57	55	50	100
2025-04-18	26.86	13.32	57	33	100
2025-04-25	27.21	8.15	54	33	100
2025-05-02	27.11	6.14	53	0	100
2025-05-09	27.30	13.8	57	60	100
2025-05-16	27.58	22.96	61	60	100
2025-05-23	27.73	35.22	68	100	100
2025-05-30	27.62	30.7	65	100	100
2025-06-06	28.06	39.28	70	100	100
2025-06-13	28.54	46.66	73	100	100
2025-06-20	28.55	41.93	71	100	100
2025-06-27	28.30	28.17	64	33	100
2025-07-04	28.78	47.19	74	67	100
2025-07-11	28.90	50.58	75	67	100
2025-07-18	28.81	36.76	68	60	100
2025-07-25	29.09	40.68	70	60	100
2025-08-01	28.49	29.1	65	33	100
2025-08-08	28.94	37.47	69	67	100
2025-08-15	29.04	35.7	68	60	100
2025-08-22	29.57	54.16	77	67	100
2025-08-29	29.63	47.97	74	67	100
2025-09-05	29.46	37.83	69	60	100
2025-09-12	29.90	45.85	73	67	100
2025-09-19	29.78	29.69	65	33	100
2025-09-26	30.24	46.36	73	67	100
2025-10-03	30.41	45.95	73	67	100
2025-10-10	29.97	29.18	65	33	100
2025-10-17	30.38	38.36	69	60	100
2025-10-24	30.63	44.14	72	67	100
2025-10-31	30.33	29.88	65	33	100
2025-11-07	30.38	44.45	72	67	100
2025-11-14	30.71	37.92	69	60	100
2025-11-21	30.13	26.51	63	33	100
2025-11-28	31.11	38.63	69	67	100
2025-12-05	31.13	34.74	67	60	100
2025-12-12	31.17	35.54	68	60	100
2025-12-19	31.14	37.29	69	60	100
2025-12-26	31.74	43.43	72	67	100
2026-01-02	31.74	51.95	76	100	100
2026-01-09	32.32	56.46	78	100	100
2026-01-16	32.92	62.12	81	100	100
2026-01-23	33.85	67.29	84	100	100
2026-01-30	33.86	47.53	74	67	100
2026-02-06	34.32	72.8	86	100	100
2026-02-13	35.06	74.34	87	100	100
2026-02-20	35.37	81.06	91	100	100
2026-02-27	36.08	82.65	91	100	100
2026-03-06	35.63	59.07	80	67	100
2026-03-13	35.82	67.54	84	100	100
2026-03-20	35.17	54.47	77	67	100
2026-03-27	35.88	71.96	86	100	100
2026-04-03	36.35	77.32	89	100	100
2026-04-10	36.44	64.99	82	100	100
2026-04-17	36.30	58.52	79	100	100
2026-04-24	36.28	61.24	81	100	100
2026-05-01	36.66	57.24	79	100	100
2026-05-08	36.39	38.56	69	67	100
2026-05-15	36.39	32.06	66	67	100
2026-05-22	36.46	35.76	68	100	100
2026-05-29	36.19	22.37	61	50	100
2026-06-05	35.64	12.0	56	50	100
2026-06-12	35.83	24.98	62	60	100
2026-06-19	35.07	7.67	54	0	100
2026-06-26	34.65	8.28	54	0	100
2026-07-03	34.65	8.46	54	20	100
2026-07-10	35.01	7.61	54	20	100
2026-07-17	35.60	7.21	54	20	100
2026-07-24	36.26	24.23	62	67	100
2026-07-31	36.06	17.19	59	50	100
2026-08-07	36.32	17.86	59	33	100
2026-08-14	36.82	20.92	60	50	100
2026-08-21	37.75	41.68	71	100	100
2026-08-28	37.38	27.18	64	60	100
2026-09-04	37.77	42.62	71	100	100
2026-09-11	37.70	34.66	67	67	100
2026-09-18	37.22	30.25	65	60	100
2026-09-25	36.78	22.73	61	33	100
2026-10-02	36.38	23.75	62	60	100
2026-10-09	36.87	30.53	65	67	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	95	95	95	93	92	91	88	82	83	73	67	65	33	38	78	75	76	80	87	83	85	84	79	74	69	74
Momentum	77	72	72	69	68	67	62	61	61	57	54	55	55	63	69	67	67	68	71	71	74	71	66	66	61	64
Underlying pressure	92	89	83	71	59	53	47	46	41	36	32	27	26	26	28	32	38	47	59	69	78	83	81	79	71	66
Price & volume	44	64	58	44	38	49	43	12	59	39	51	64	94	68	63	53	64	54	68	34	50	34	39	38	54	71
Relative strength	75	72	72	61	59	56	47	51	51	39	44	35	34	46	56	49	38	42	58	51	55	56	51	41	37	38
Modeled Trend	92	91	91	91	91	90	90	90	89	89	88	87	87	87	85	84	83	82	83	84	86	86	86	87	88	88

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Modeled Trend

88/100

LEAST SUPPORTIVE SOURCE

Relative strength

38/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Look for the current direction to hold across trend, pressure and relative strength. A rising price with weaker EMD is a less convincing continuation.

Change of direction

Watch for loss of support

If price keeps rising while EMD falls, inspect which readings are weakening. Broad deterioration matters more than a single soft week.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER+1.2%

Median price return · 13 non-overlapping examples

Observed range: -2.8% to +6.6%
Positive returns: 62%
All-period comparison: +1.3% median

13 WEEKS LATER+5.5%

Median price return · 7 non-overlapping examples

Observed range: -0.2% to +10.5%
Positive returns: 86%
All-period comparison: +2.4% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

11 Apr 2025Down-cycle confirmedUSD 26.19

13 Dec 2024Down-cycle confirmedUSD 26.63

15 Nov 2024Down-cycle confirmedUSD 26.78

1 Nov 2024Down-cycle confirmedUSD 26.80

6 Sep 2024Down-cycle confirmedUSD 25.98

2 Aug 2024Down-cycle confirmedUSD 26.04

7 Jun 2024Down-cycle confirmedUSD 26.25

12 Apr 2024Upper cycle zone confirmedUSD 26.23

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

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.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS