NASDAQ · ETF · ENHANCED MARKET DYNAMICS

TUGN

STF TACTICAL GROWTH & INCOME ETF

EMD SCORE65/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build60% directional agreement87/100 evidence quality6/6 sources available

Completed week: 25 Sep 2026
Latest close: USD 27.93
Evidence: 156 weeks

Four-week EMD change+8.3 pts

signed chart scale −100 to +100

Four-week price+3.2%

completed closing prices

Current directional run25 weeks

on the same side of EMD zero

Recent consistency13/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

4 supportive · 1 cautious

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

6 Oct 2023–25 Sep 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 +30.14-week EMD change +8.3Full saved history price range USD 14.84–28.26

View chart values · 156 observations

Week	Close · USD	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-10-06	15.60	8.71	54	20	83
2023-10-13	15.61	1.33	51	20	83
2023-10-20	15.23	-0.51	50	20	83
2023-10-27	14.84	-8.86	46	33	100
2023-11-03	15.34	-5.79	47	20	100
2023-11-10	15.76	-1.95	49	0	100
2023-11-17	16.04	5.45	53	20	100
2023-11-24	16.22	15.78	58	20	100
2023-12-01	16.19	19.68	60	60	100
2023-12-08	16.40	27.86	64	67	100
2023-12-15	16.89	35.15	68	67	100
2023-12-22	17.04	34.64	67	67	100
2023-12-29	17.08	33.3	67	60	100
2024-01-05	16.66	24.84	62	33	100
2024-01-12	17.17	41.56	71	67	100
2024-01-19	17.58	43.57	72	67	100
2024-01-26	17.70	39.07	70	60	100
2024-02-02	17.84	42.13	71	60	100
2024-02-09	18.09	57.25	79	67	100
2024-02-16	17.78	33.61	67	33	100
2024-02-23	18.01	48.44	74	67	100
2024-03-01	18.27	47.96	74	67	100
2024-03-08	17.98	36.42	68	60	100
2024-03-15	17.81	28.1	64	33	100
2024-03-22	18.27	46.01	73	67	100
2024-03-29	18.20	26.71	63	33	100
2024-04-05	18.06	32.06	66	60	100
2024-04-12	17.90	24.61	62	33	100
2024-04-19	17.00	7.49	54	0	100
2024-04-26	17.56	17.6	59	33	100
2024-05-03	17.67	16.08	58	33	100
2024-05-10	17.84	15.73	58	33	100
2024-05-17	18.22	26.02	63	33	100
2024-05-24	18.37	22.39	61	50	100
2024-05-31	18.29	22.34	61	50	100
2024-06-07	18.81	36.61	68	67	100
2024-06-14	19.40	39.98	70	67	100
2024-06-21	19.52	35.41	68	60	100
2024-06-28	19.44	28.98	64	33	100
2024-07-05	19.97	48.08	74	67	100
2024-07-12	19.93	34.45	67	33	100
2024-07-19	19.16	27.93	64	33	100
2024-07-26	18.74	24.07	62	33	100
2024-08-02	18.10	10.68	55	20	100
2024-08-09	17.90	7.45	54	33	100
2024-08-16	18.35	8.41	54	0	100
2024-08-23	18.51	-2.15	49	20	100
2024-08-30	18.43	-0.49	50	20	100
2024-09-06	17.51	-16.55	42	60	100
2024-09-13	18.52	-0.73	50	0	100
2024-09-20	18.80	0.09	50	0	100
2024-09-27	18.93	7.58	54	20	100
2024-10-04	19.01	14.74	57	33	100
2024-10-11	19.28	17.95	59	33	100
2024-10-18	19.27	17.34	59	50	100
2024-10-25	19.34	23.72	62	67	100
2024-11-01	19.14	17.53	59	33	100
2024-11-08	20.12	41.62	71	67	100
2024-11-15	19.57	18.09	59	33	100
2024-11-22	19.93	43.91	72	67	100
2024-11-29	20.08	47.09	74	67	100
2024-12-06	20.70	46.39	73	67	100
2024-12-13	20.84	47.5	74	67	100
2024-12-20	20.40	32.14	66	33	100
2024-12-27	20.62	40.12	70	60	100
2025-01-03	20.57	45.32	73	67	100
2025-01-10	20.12	29.11	65	60	100
2025-01-17	20.64	41.48	71	67	100
2025-01-24	20.95	44.45	72	100	100
2025-01-31	20.75	40.95	70	100	100
2025-02-07	20.81	41.97	71	100	100
2025-02-14	21.38	60.24	80	100	100
2025-02-21	20.97	30.76	65	60	100
2025-02-28	20.28	31.14	66	100	100
2025-03-07	19.59	15.22	58	50	100
2025-03-14	19.10	10.17	55	0	100
2025-03-21	19.12	-3.35	48	0	100
2025-03-28	18.76	-16.18	42	50	100
2025-04-04	17.00	-30.86	35	60	100
2025-04-11	18.19	-5.87	47	0	100
2025-04-18	17.80	-17.29	41	50	100
2025-04-25	18.80	-3.58	48	0	100
2025-05-02	19.40	7.07	54	20	100
2025-05-09	19.38	0.2	50	20	100
2025-05-16	20.69	25.25	63	100	100
2025-05-23	20.26	3.78	52	20	100
2025-05-30	20.72	17.26	59	100	100
2025-06-06	21.11	32.16	66	100	100
2025-06-13	21.01	12.83	56	50	100
2025-06-20	21.00	24.92	62	100	100
2025-06-27	21.91	45.76	73	100	100
2025-07-04	22.24	52.39	76	100	100
2025-07-11	22.16	53.32	77	100	100
2025-07-18	22.40	55.73	78	100	100
2025-07-25	22.56	51.99	76	100	100
2025-08-01	22.00	37.32	69	60	100
2025-08-08	22.82	57.78	79	100	100
2025-08-15	22.94	51.04	76	100	100
2025-08-22	22.87	52.56	76	100	100
2025-08-29	22.79	43.81	72	60	100
2025-09-05	23.04	53.81	77	100	100
2025-09-12	23.49	65.56	83	100	100
2025-09-19	23.99	70.97	85	100	100
2025-09-26	23.90	55.07	78	100	100
2025-10-03	24.11	54.69	77	100	100
2025-10-10	23.44	28.15	64	60	100
2025-10-17	24.02	56.06	78	100	100
2025-10-24	24.48	54.62	77	100	100
2025-10-31	24.87	41.31	71	60	100
2025-11-07	24.19	44.96	72	100	100
2025-11-14	24.09	34.63	67	60	100
2025-11-21	23.38	25.82	63	60	100
2025-11-28	24.24	29.99	65	60	100
2025-12-05	24.44	27.29	64	50	100
2025-12-12	24.09	15.09	58	0	100
2025-12-19	24.16	23.59	62	33	100
2025-12-26	24.48	22.85	61	33	100
2026-01-02	24.09	9.22	55	0	100
2026-01-09	24.39	21.38	61	33	100
2026-01-16	24.22	14.68	57	20	100
2026-01-23	24.37	18.97	59	33	100
2026-01-30	24.21	10.08	55	0	100
2026-02-06	23.76	6.35	53	0	100
2026-02-13	23.37	1.69	51	20	100
2026-02-20	23.58	-2.24	49	0	100
2026-02-27	23.61	-4.62	48	20	100
2026-03-06	23.34	-8.35	46	50	100
2026-03-13	23.06	-13.98	43	60	100
2026-03-20	22.64	-25.7	37	60	100
2026-03-27	21.95	-24.93	38	67	100
2026-04-03	22.84	-8.27	46	20	100
2026-04-10	23.83	5.3	53	0	100
2026-04-17	25.08	15.28	58	20	100
2026-04-24	25.44	21.41	61	60	100
2026-05-01	25.68	28.07	64	60	100
2026-05-08	27.03	45.54	73	67	100
2026-05-15	26.91	37.65	69	60	100
2026-05-22	27.48	47.07	74	67	100
2026-05-29	28.26	50.17	75	67	100
2026-06-05	27.10	31.36	66	33	100
2026-06-12	27.58	48.05	74	67	100
2026-06-19	28.04	44.86	72	67	100
2026-06-26	27.09	27.38	64	33	100
2026-07-03	27.35	34.16	67	33	100
2026-07-10	27.83	48.74	74	67	100
2026-07-17	26.97	31.44	66	60	100
2026-07-24	26.28	20.14	60	33	100
2026-07-31	26.49	30.3	65	67	100
2026-08-07	27.63	30.39	65	60	100
2026-08-14	27.90	29.08	65	50	100
2026-08-21	26.91	14.54	57	20	100
2026-08-28	27.05	21.8	61	50	100
2026-09-04	27.25	25.94	63	60	100
2026-09-11	27.09	17.86	59	33	100
2026-09-18	27.21	20.41	60	33	100
2026-09-25	27.93	30.13	65	60	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

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

Reading	3 Apr	10 Apr	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
Trend	17	32	51	54	56	97	96	98	99	96	97	98	94	95	96	91	83	84	93	94	85	86	87	83	83	89
Momentum	50	60	72	76	77	84	81	83	87	74	80	81	71	78	77	63	61	61	64	72	66	63	61	56	62	70
Underlying pressure	18	23	33	58	80	87	91	92	93	92	89	88	85	85	84	79	71	60	50	48	50	51	48	45	42	48
Price & volume	65	90	90	75	74	74	47	64	66	29	67	58	22	38	73	36	26	61	64	56	27	48	63	53	61	70
Relative strength	44	43	40	38	36	35	35	39	39	41	39	36	40	41	41	46	42	44	41	41	37	38	40	40	39	37
Modeled Trend	75	73	72	72	73	74	77	80	82	84	86	88	89	90	90	91	91	91	91	91	91	90	90	89	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

Trend

89/100

LEAST SUPPORTIVE SOURCE

Relative strength

37/100

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+2.7%

Median price return · 15 non-overlapping examples

Observed range: -2.6% to +7.3%
Positive returns: 87%
All-period comparison: +1.3% median

13 WEEKS LATER+6.3%

Median price return · 7 non-overlapping examples

Observed range: -13.8% to +10.9%
Positive returns: 71%
All-period comparison: +5.8% 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

13 Mar 2026Down-cycle confirmedUSD 23.06

7 Mar 2025Down-cycle confirmedUSD 19.59

6 Sep 2024Down-cycle confirmedUSD 17.51

2 Aug 2024Down-cycle confirmedUSD 18.10

19 Apr 2024Down-cycle confirmedUSD 17.00

29 Mar 2024Upper cycle zone confirmedUSD 18.20

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