MIL ยท ETF ยท ENHANCED MARKET DYNAMICS

SMST

Leverage Shares -3x Short MicroStrategy (MSTR) ETP

IT

EMD SCORE28/100

CURRENT COMPLETED-WEEK READ

Defensive

The latest completed-week readings are broadly cautious. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration60% directional agreement87% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 2.00
Evidence
84 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 4 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
24 Jan 2025โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท EUR +100+500-50-100 81.3639.44-2.49 24 Jan 2025 ยท EMD 48/100 ยท close 29.83 31 Jan 2025 ยท EMD 46/100 ยท close 36.85 7 Feb 2025 ยท EMD 44/100 ยท close 39.65 14 Feb 2025 ยท EMD 46/100 ยท close 40.04 21 Feb 2025 ยท EMD 53/100 ยท close 43.17 28 Feb 2025 ยท EMD 52/100 ยท close 76.87 7 Mar 2025 ยท EMD 44/100 ยท close 38.14 14 Mar 2025 ยท EMD 41/100 ยท close 29.22 21 Mar 2025 ยท EMD 42/100 ยท close 23.49 28 Mar 2025 ยท EMD 46/100 ยท close 21.08 4 Apr 2025 ยท EMD 45/100 ยท close 22.78 11 Apr 2025 ยท EMD 37/100 ยท close 12.61 18 Apr 2025 ยท EMD 42/100 ยท close 9.49 25 Apr 2025 ยท EMD 35/100 ยท close 5.37 2 May 2025 ยท EMD 31/100 ยท close 4.33 9 May 2025 ยท EMD 34/100 ยท close 3.64 16 May 2025 ยท EMD 42/100 ยท close 3.89 23 May 2025 ยท EMD 48/100 ยท close 4.51 30 May 2025 ยท EMD 48/100 ยท close 4.76 6 Jun 2025 ยท EMD 44/100 ยท close 4.30 13 Jun 2025 ยท EMD 45/100 ยท close 4.17 20 Jun 2025 ยท EMD 41/100 ยท close 4.33 27 Jun 2025 ยท EMD 32/100 ยท close 3.55 4 Jul 2025 ยท EMD 34/100 ยท close 3.11 11 Jul 2025 ยท EMD 31/100 ยท close 2.40 18 Jul 2025 ยท EMD 47/100 ยท close 2.37 25 Jul 2025 ยท EMD 42/100 ยท close 2.79 1 Aug 2025 ยท EMD 45/100 ยท close 3.37 8 Aug 2025 ยท EMD 41/100 ยท close 2.63 15 Aug 2025 ยท EMD 49/100 ยท close 3.28 22 Aug 2025 ยท EMD 45/100 ยท close 3.42 29 Aug 2025 ยท EMD 49/100 ยท close 4.04 5 Sep 2025 ยท EMD 50/100 ยท close 4.35 12 Sep 2025 ยท EMD 47/100 ยท close 3.99 19 Sep 2025 ยท EMD 44/100 ยท close 3.67 26 Sep 2025 ยท EMD 50/100 ยท close 5.00 3 Oct 2025 ยท EMD 30/100 ยท close 3.06 10 Oct 2025 ยท EMD 53/100 ยท close 4.28 17 Oct 2025 ยท EMD 55/100 ยท close 5.28 24 Oct 2025 ยท EMD 58/100 ยท close 5.07 31 Oct 2025 ยท EMD 69/100 ยท close 5.26 7 Nov 2025 ยท EMD 81/100 ยท close 8.51 14 Nov 2025 ยท EMD 83/100 ยท close 11.26 21 Nov 2025 ยท EMD 88/100 ยท close 17.94 28 Nov 2025 ยท EMD 82/100 ยท close 14.98 5 Dec 2025 ยท EMD 79/100 ยท close 14.53 12 Dec 2025 ยท EMD 86/100 ยท close 13.79 19 Dec 2025 ยท EMD 79/100 ยท close 16.22 26 Dec 2025 ยท EMD 86/100 ยท close 18.17 2 Jan 2026 ยท EMD 86/100 ยท close 17.53 9 Jan 2026 ยท EMD 87/100 ยท close 16.69 16 Jan 2026 ยท EMD 63/100 ยท close 12.95 23 Jan 2026 ยท EMD 72/100 ยท close 14.58 30 Jan 2026 ยท EMD 87/100 ยท close 19.78 6 Feb 2026 ยท EMD 77/100 ยท close 18.06 13 Feb 2026 ยท EMD 75/100 ยท close 14.42 20 Feb 2026 ยท EMD 68/100 ยท close 14.08 27 Feb 2026 ยท EMD 65/100 ยท close 13.76 6 Mar 2026 ยท EMD 48/100 ยท close 9.98 13 Mar 2026 ยท EMD 50/100 ยท close 9.80 20 Mar 2026 ยท EMD 50/100 ยท close 9.78 27 Mar 2026 ยท EMD 60/100 ยท close 12.30 3 Apr 2026 ยท EMD 70/100 ยท close 13.58 10 Apr 2026 ยท EMD 50/100 ยท close 10.37 17 Apr 2026 ยท EMD 26/100 ยท close 4.07 24 Apr 2026 ยท EMD 29/100 ยท close 3.68 1 May 2026 ยท EMD 28/100 ยท close 3.86 8 May 2026 ยท EMD 33/100 ยท close 2.83 15 May 2026 ยท EMD 37/100 ยท close 2.89 22 May 2026 ยท EMD 35/100 ยท close 3.63 29 May 2026 ยท EMD 27/100 ยท close 3.70 5 Jun 2026 ยท EMD 39/100 ยท close 7.87 12 Jun 2026 ยท EMD 33/100 ยท close 6.00 19 Jun 2026 ยท EMD 37/100 ยท close 7.80 26 Jun 2026 ยท EMD 67/100 ยท close 16.28 3 Jul 2026 ยท EMD 34/100 ยท close 7.40 10 Jul 2026 ยท EMD 44/100 ยท close 9.36 17 Jul 2026 ยท EMD 48/100 ยท close 9.46 24 Jul 2026 ยท EMD 44/100 ยท close 9.48 31 Jul 2026 ยท EMD 51/100 ยท close 9.00 7 Aug 2026 ยท EMD 38/100 ยท close 6.24 14 Aug 2026 ยท EMD 46/100 ยท close 8.27 21 Aug 2026 ยท EMD 29/100 ยท close 2.95 28 Aug 2026 ยท EMD 28/100 ยท close 2.00 7 Mar 2025 ยท Down-cycle confirmed ยท close 38.14 7 Nov 2025 ยท Up-cycle confirmed ยท close 8.51 26 Jun 2026 ยท Up-cycle confirmed ยท close 16.28 10 Jul 2026 ยท Up-cycle confirmed ยท close 9.36 14 Aug 2026 ยท Up-cycle confirmed ยท close 8.27 24 Jan 202514 Nov 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 8%Current EMD -44.34-week EMD change -46.6156-week price range EUR 2.00โ€“76.87

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

48/1000.20

Cautious pressure beneath price
4-week change -0.22

02

Trend and deviation

0/100-76.3% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

23/1004w -77.8% ยท 13w -45.9%

Momentum is applying downside pressure
SMI 0.29

04

Price-volume pressure

16/10016% constructive pressure

Volume is leaning against the close
Volume ratio 48.10x

05

Relative leadership

0/100-81.41

The ticker is lagging its benchmark
4-week change -66.22

06

Modeled Trend

63/100Modeled Trend 0.20

Modeled Trend is supportive
Smoothed Modeled Trend 0.22

Evidence context