NASDAQ ยท ETF ยท ENHANCED MARKET DYNAMICS

CFO

VictoryShares US 500 Enhanced Volatility Wtd ETF

US

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 fade33% directional agreement79% evidence confidence
Completed week
28 Aug 2026
Latest close
USD 82.16
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.
8 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท USD +100+500-50-100 85.2868.6351.99 8 Sep 2023 ยท EMD 43/100 ยท close 58.46 15 Sep 2023 ยท EMD 43/100 ยท close 58.36 22 Sep 2023 ยท EMD 39/100 ยท close 57.00 29 Sep 2023 ยท EMD 39/100 ยท close 56.58 6 Oct 2023 ยท EMD 38/100 ยท close 55.99 13 Oct 2023 ยท EMD 33/100 ยท close 56.10 20 Oct 2023 ยท EMD 31/100 ยท close 55.03 27 Oct 2023 ยท EMD 29/100 ยท close 53.78 3 Nov 2023 ยท EMD 41/100 ยท close 55.33 10 Nov 2023 ยท EMD 39/100 ยท close 55.37 17 Nov 2023 ยท EMD 41/100 ยท close 55.81 24 Nov 2023 ยท EMD 43/100 ยท close 56.00 1 Dec 2023 ยท EMD 43/100 ยท close 56.26 8 Dec 2023 ยท EMD 41/100 ยท close 56.25 15 Dec 2023 ยท EMD 45/100 ยท close 57.83 22 Dec 2023 ยท EMD 48/100 ยท close 58.33 29 Dec 2023 ยท EMD 48/100 ยท close 58.55 5 Jan 2024 ยท EMD 48/100 ยท close 57.89 12 Jan 2024 ยท EMD 50/100 ยท close 58.34 19 Jan 2024 ยท EMD 51/100 ยท close 58.39 26 Jan 2024 ยท EMD 54/100 ยท close 58.99 2 Feb 2024 ยท EMD 55/100 ยท close 59.50 9 Feb 2024 ยท EMD 59/100 ยท close 59.82 16 Feb 2024 ยท EMD 66/100 ยท close 60.26 23 Feb 2024 ยท EMD 67/100 ยท close 61.20 1 Mar 2024 ยท EMD 68/100 ยท close 61.81 8 Mar 2024 ยท EMD 67/100 ยท close 62.37 15 Mar 2024 ยท EMD 66/100 ยท close 62.20 22 Mar 2024 ยท EMD 68/100 ยท close 63.30 29 Mar 2024 ยท EMD 70/100 ยท close 64.01 5 Apr 2024 ยท EMD 67/100 ยท close 63.05 12 Apr 2024 ยท EMD 63/100 ยท close 61.53 19 Apr 2024 ยท EMD 61/100 ยท close 60.69 26 Apr 2024 ยท EMD 65/100 ยท close 61.64 3 May 2024 ยท EMD 62/100 ยท close 61.75 10 May 2024 ยท EMD 66/100 ยท close 63.16 17 May 2024 ยท EMD 66/100 ยท close 63.80 24 May 2024 ยท EMD 61/100 ยท close 63.14 31 May 2024 ยท EMD 64/100 ยท close 62.86 7 Jun 2024 ยท EMD 58/100 ยท close 62.39 14 Jun 2024 ยท EMD 53/100 ยท close 62.02 21 Jun 2024 ยท EMD 59/100 ยท close 62.86 28 Jun 2024 ยท EMD 52/100 ยท close 62.56 5 Jul 2024 ยท EMD 53/100 ยท close 62.40 12 Jul 2024 ยท EMD 60/100 ยท close 64.03 19 Jul 2024 ยท EMD 57/100 ยท close 63.89 26 Jul 2024 ยท EMD 66/100 ยท close 64.45 2 Aug 2024 ยท EMD 62/100 ยท close 63.38 9 Aug 2024 ยท EMD 67/100 ยท close 63.39 16 Aug 2024 ยท EMD 67/100 ยท close 64.96 23 Aug 2024 ยท EMD 68/100 ยท close 66.25 30 Aug 2024 ยท EMD 73/100 ยท close 66.89 6 Sep 2024 ยท EMD 67/100 ยท close 64.72 13 Sep 2024 ยท EMD 72/100 ยท close 66.41 20 Sep 2024 ยท EMD 70/100 ยท close 67.38 27 Sep 2024 ยท EMD 74/100 ยท close 68.04 4 Oct 2024 ยท EMD 75/100 ยท close 68.06 11 Oct 2024 ยท EMD 79/100 ยท close 68.83 18 Oct 2024 ยท EMD 78/100 ยท close 69.53 25 Oct 2024 ยท EMD 67/100 ยท close 68.10 1 Nov 2024 ยท EMD 66/100 ยท close 67.44 8 Nov 2024 ยท EMD 73/100 ยท close 70.69 15 Nov 2024 ยท EMD 67/100 ยท close 69.69 22 Nov 2024 ยท EMD 79/100 ยท close 71.64 29 Nov 2024 ยท EMD 79/100 ยท close 72.32 6 Dec 2024 ยท EMD 67/100 ยท close 71.44 13 Dec 2024 ยท EMD 64/100 ยท close 69.96 20 Dec 2024 ยท EMD 59/100 ยท close 67.94 27 Dec 2024 ยท EMD 58/100 ยท close 68.21 3 Jan 2025 ยท EMD 59/100 ยท close 68.02 10 Jan 2025 ยท EMD 50/100 ยท close 66.87 17 Jan 2025 ยท EMD 60/100 ยท close 69.67 24 Jan 2025 ยท EMD 59/100 ยท close 70.41 31 Jan 2025 ยท EMD 58/100 ยท close 70.19 7 Feb 2025 ยท EMD 60/100 ยท close 69.89 14 Feb 2025 ยท EMD 60/100 ยท close 70.14 21 Feb 2025 ยท EMD 54/100 ยท close 69.20 28 Feb 2025 ยท EMD 61/100 ยท close 69.65 7 Mar 2025 ยท EMD 54/100 ยท close 67.96 14 Mar 2025 ยท EMD 48/100 ยท close 66.41 21 Mar 2025 ยท EMD 47/100 ยท close 66.90 28 Mar 2025 ยท EMD 47/100 ยท close 66.80 4 Apr 2025 ยท EMD 39/100 ยท close 61.41 11 Apr 2025 ยท EMD 47/100 ยท close 63.39 18 Apr 2025 ยท EMD 45/100 ยท close 63.62 25 Apr 2025 ยท EMD 48/100 ยท close 65.01 2 May 2025 ยท EMD 50/100 ยท close 66.78 9 May 2025 ยท EMD 48/100 ยท close 67.01 16 May 2025 ยท EMD 51/100 ยท close 69.71 23 May 2025 ยท EMD 46/100 ยท close 67.63 30 May 2025 ยท EMD 49/100 ยท close 68.47 6 Jun 2025 ยท EMD 53/100 ยท close 69.15 13 Jun 2025 ยท EMD 48/100 ยท close 68.39 20 Jun 2025 ยท EMD 51/100 ยท close 68.53 27 Jun 2025 ยท EMD 57/100 ยท close 70.01 4 Jul 2025 ยท EMD 62/100 ยท close 71.41 11 Jul 2025 ยท EMD 61/100 ยท close 70.95 18 Jul 2025 ยท EMD 66/100 ยท close 71.03 25 Jul 2025 ยท EMD 70/100 ยท close 72.20 1 Aug 2025 ยท EMD 60/100 ยท close 70.12 8 Aug 2025 ยท EMD 63/100 ยท close 70.89 15 Aug 2025 ยท EMD 64/100 ยท close 71.55 22 Aug 2025 ยท EMD 69/100 ยท close 72.87 29 Aug 2025 ยท EMD 67/100 ยท close 72.44 5 Sep 2025 ยท EMD 67/100 ยท close 72.43 12 Sep 2025 ยท EMD 66/100 ยท close 72.68 19 Sep 2025 ยท EMD 65/100 ยท close 72.58 26 Sep 2025 ยท EMD 66/100 ยท close 72.63 3 Oct 2025 ยท EMD 65/100 ยท close 73.30 10 Oct 2025 ยท EMD 57/100 ยท close 71.28 17 Oct 2025 ยท EMD 58/100 ยท close 72.11 24 Oct 2025 ยท EMD 62/100 ยท close 73.15 31 Oct 2025 ยท EMD 54/100 ยท close 72.23 7 Nov 2025 ยท EMD 62/100 ยท close 72.14 14 Nov 2025 ยท EMD 55/100 ยท close 72.04 21 Nov 2025 ยท EMD 55/100 ยท close 71.38 28 Nov 2025 ยท EMD 59/100 ยท close 73.47 5 Dec 2025 ยท EMD 58/100 ยท close 73.29 12 Dec 2025 ยท EMD 61/100 ยท close 73.72 19 Dec 2025 ยท EMD 61/100 ยท close 73.51 26 Dec 2025 ยท EMD 63/100 ยท close 74.24 2 Jan 2026 ยท EMD 61/100 ยท close 73.71 9 Jan 2026 ยท EMD 68/100 ยท close 75.41 16 Jan 2026 ยท EMD 68/100 ยท close 75.92 23 Jan 2026 ยท EMD 67/100 ยท close 75.60 30 Jan 2026 ยท EMD 65/100 ยท close 75.55 6 Feb 2026 ยท EMD 77/100 ยท close 77.32 13 Feb 2026 ยท EMD 74/100 ยท close 77.15 20 Feb 2026 ยท EMD 76/100 ยท close 77.65 27 Feb 2026 ยท EMD 76/100 ยท close 78.04 6 Mar 2026 ยท EMD 66/100 ยท close 75.65 13 Mar 2026 ยท EMD 59/100 ยท close 74.01 20 Mar 2026 ยท EMD 55/100 ยท close 72.92 27 Mar 2026 ยท EMD 49/100 ยท close 72.65 3 Apr 2026 ยท EMD 54/100 ยท close 74.38 10 Apr 2026 ยท EMD 56/100 ยท close 75.57 17 Apr 2026 ยท EMD 61/100 ยท close 77.57 24 Apr 2026 ยท EMD 56/100 ยท close 77.09 1 May 2026 ยท EMD 63/100 ยท close 77.43 8 May 2026 ยท EMD 56/100 ยท close 76.97 15 May 2026 ยท EMD 53/100 ยท close 76.21 22 May 2026 ยท EMD 59/100 ยท close 77.86 29 May 2026 ยท EMD 57/100 ยท close 78.10 5 Jun 2026 ยท EMD 58/100 ยท close 78.08 12 Jun 2026 ยท EMD 65/100 ยท close 79.23 19 Jun 2026 ยท EMD 60/100 ยท close 78.80 26 Jun 2026 ยท EMD 67/100 ยท close 79.79 3 Jul 2026 ยท EMD 70/100 ยท close 80.56 10 Jul 2026 ยท EMD 66/100 ยท close 80.52 17 Jul 2026 ยท EMD 65/100 ยท close 80.29 24 Jul 2026 ยท EMD 71/100 ยท close 80.57 31 Jul 2026 ยท EMD 68/100 ยท close 80.83 7 Aug 2026 ยท EMD 72/100 ยท close 82.55 14 Aug 2026 ยท EMD 74/100 ยท close 83.49 21 Aug 2026 ยท EMD 69/100 ยท close 82.47 28 Aug 2026 ยท EMD 65/100 ยท close 82.16 22 Dec 2023 ยท Up-cycle confirmed ยท close 58.33 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 90%Current EMD +29.04-week EMD change -7.2156-week price range USD 53.78โ€“83.49

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

96/1001.59

Strengthening beneath price
4-week change +0.42

02

Trend and deviation

86/100+5.1% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

71/1004w +1.6% ยท 13w +5.2%

Momentum is supportive
SMI 0.98

04

Price-volume pressure

29/10029% constructive pressure

Volume is leaning against the close
Volume ratio 1.05x

05

Relative leadership

36/100-3.42

The ticker is lagging its benchmark
4-week change -1.66

06

Modeled Trend

90/100Modeled Trend 0.88

Modeled Trend is supportive
Smoothed Modeled Trend 0.73

Evidence context