Weekly structural research ยท CBOE ยท Market

MSFY Stage Analysis

Kurv Yield Premium Strategy Microsoft (MSFT) ETF

Week ending 9 Oct 2026Close USD 21.78Tenure DevelopingBenchmark SPY
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Upward Expansion ยท Early expansion

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

  • The Trend gate is up within the current regime.
  • Fast Activity versus Slow Activity: improving.
  • Activity structure: wide and expanding.
Direction 78โˆ’100 bearish to +100 bullish
Energy 70/100directional strength
Maturity 28/100lifecycle context
Confidence 81/100evidence agreement
Trend gate Upstructural direction
Activity structure Wideexpanding separation
Price acceptance +66.7%position within the Activity structure
Fair Value context +11.2%USD 19.59 ยท improving
Trend Architecture map ยท Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value
Background stage key
  • BalanceDirection is contained.
  • Rotation UpStructure is turning higher.
  • Upward ExpansionUptrend is established.
  • DecelerationUptrend is losing energy.
  • Rotation DownStructure is turning lower.
  • Downward ExpansionDowntrend is established.
View chart values ยท 153 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-0921.7818.591.1428524Upward Expansion7870
2026-10-0220.9918.46-1.9226872Upward Expansion7053
2026-09-2520.9718.37-2.7333943Upward Expansion7153
2026-09-1819.9418.26-6.8026041Upward Expansion6159
2026-09-1120.1018.19-6.6931901Upward Expansion6370
2026-09-0420.2618.12-7.1733827Upward Expansion6575
2026-08-2820.8718.05-4.7931879Upward Expansion7479
2026-08-2119.5418.00-10.9038568Balance5964
2026-08-1420.0418.06-10.4850728Balance4047
2026-08-0720.2318.09-10.0788479Balance3228
2026-07-3119.3818.15-11.4397166Downward Expansion-117
2026-07-2416.4518.22-24.5940104Downward Expansion-6038
2026-07-1717.0418.42-22.9985342Downward Expansion-5652
2026-07-1016.6018.59-26.7729913Downward Expansion-5962
2026-07-0317.0318.77-24.5258473Downward Expansion-5555
2026-06-2616.3618.93-26.5081371Balance-6447
2026-06-1916.5219.14-28.1458326Balance-5130
2026-06-1217.0319.31-25.87102277Balance-4117
2026-06-0518.5919.51-19.2393492Balance-615
2026-05-2920.0919.64-15.4361222Balance1221
2026-05-2218.7419.75-20.4046423Balance-1315
2026-05-1518.7519.90-20.1687271Downward Expansion-1621
2026-05-0818.4620.04-21.6294382Downward Expansion-2831
2026-05-0118.3820.19-20.6289466Downward Expansion-3628
2026-04-2418.9520.34-17.8560504Downward Expansion-4429
2026-04-1718.8420.47-18.25111996Downward Expansion-6351
2026-04-1016.4720.60-25.60138428Downward Expansion-6866
2026-04-0316.5320.80-23.1044232Downward Expansion-7167
2026-03-2715.8320.98-24.2068278Downward Expansion-8671
2026-03-2016.9621.20-20.9239653Downward Expansion-8069
2026-03-1317.7721.38-18.9888239Downward Expansion-7172
2026-03-0618.3821.56-17.7052403Downward Expansion-6885
2026-02-2717.6021.71-23.00104375Downward Expansion-7892
2026-02-2017.8921.89-22.3943153Downward Expansion-8193
2026-02-1318.0422.04-21.10131474Downward Expansion-8693
2026-02-0618.0922.19-22.1368823Downward Expansion-9391
2026-01-3019.4222.32-16.8696993Downward Expansion-8678
2026-01-2321.2822.40-8.7442488Downward Expansion-6359
2026-01-1620.9822.42-10.4971548Downward Expansion-7454
2026-01-0921.9822.42-6.7370034Deceleration-2621
2026-01-0221.6822.39-6.6536858Rotation Down-3629
2025-12-2622.3222.36-4.9723473Rotation Down-2426
2025-12-1922.1922.30-4.2344938Rotation Down-1532
2025-12-1221.8722.23-5.5892361Balance-2532
2025-12-0522.0122.18-5.5951914Balance-018
2025-11-2822.4722.10-3.3728680Balance1419
2025-11-2121.5622.00-3.8344993Upward Expansion410
2025-11-1423.0821.890.9946717Upward Expansion5941
2025-11-0722.5921.70-0.9721560Upward Expansion5843
2025-10-3123.2621.550.3529261Upward Expansion6654
2025-10-2423.4421.341.9115400Upward Expansion7759
2025-10-1722.9821.141.8820842Upward Expansion6452
2025-10-1022.8220.993.0114037Upward Expansion6052
2025-10-0323.0620.831.6714928Deceleration7257
2025-09-2622.6920.671.2520703Deceleration5243
2025-09-1922.8320.531.5614037Deceleration5743
2025-09-1222.4720.401.1740731Deceleration4539
2025-09-0521.9420.290.3223475Upward Expansion5050
2025-08-2922.4320.192.877917Upward Expansion6563
2025-08-2222.4120.082.8121603Upward Expansion6867
2025-08-1522.9820.015.7628964Upward Expansion7589
2025-08-0823.0019.906.9715940Upward Expansion8192
2025-08-0122.9919.789.6317293Upward Expansion8996
2025-07-2522.4819.664.7311037Upward Expansion8193
2025-07-1822.3219.575.5712833Upward Expansion8293
2025-07-1122.0419.494.8931662Upward Expansion8091
2025-07-0421.8519.433.6413541Upward Expansion7989
2025-06-2721.7719.374.819686Upward Expansion8388
2025-06-2021.0919.294.974188Upward Expansion7483
2025-06-1321.0019.234.2132253Rotation Up7684
2025-06-0620.8719.173.0511351Rotation Up5274
2025-05-3020.5219.122.908852Rotation Up3968
2025-05-2320.1419.062.6413474Rotation Up3252
2025-05-1620.2019.030.1619126Rotation Up3741
2025-05-0919.69โ€”โ€”17608Not yet classifiedโ€”โ€”
2025-05-0219.57โ€”โ€”45793Not yet classifiedโ€”โ€”
2025-04-2518.29โ€”โ€”11938Not yet classifiedโ€”โ€”
2025-04-1817.25โ€”โ€”6769Not yet classifiedโ€”โ€”
2025-04-1118.03โ€”โ€”19394Not yet classifiedโ€”โ€”
2025-04-0416.89โ€”โ€”18703Not yet classifiedโ€”โ€”
2025-03-2817.72โ€”โ€”8560Not yet classifiedโ€”โ€”
2025-03-2118.23โ€”โ€”20970Not yet classifiedโ€”โ€”
2025-03-1418.18โ€”โ€”22006Not yet classifiedโ€”โ€”
2025-03-0718.33โ€”โ€”14016Not yet classifiedโ€”โ€”
2025-02-2818.46โ€”โ€”26383Not yet classifiedโ€”โ€”
2025-02-2118.98โ€”โ€”39115Not yet classifiedโ€”โ€”
2025-02-1418.93โ€”โ€”34686Not yet classifiedโ€”โ€”
2025-02-0718.97โ€”โ€”22624Not yet classifiedโ€”โ€”
2025-01-3119.20โ€”โ€”51681Not yet classifiedโ€”โ€”
2025-01-2420.34โ€”โ€”17349Not yet classifiedโ€”โ€”
2025-01-1719.77โ€”โ€”23625Not yet classifiedโ€”โ€”
2025-01-1019.35โ€”โ€”12388Not yet classifiedโ€”โ€”
2025-01-0319.46โ€”โ€”10598Not yet classifiedโ€”โ€”
2024-12-2719.75โ€”โ€”10174Not yet classifiedโ€”โ€”
2024-12-2019.88โ€”โ€”17554Not yet classifiedโ€”โ€”
2024-12-1320.19โ€”โ€”7694Not yet classifiedโ€”โ€”
2024-12-0620.09โ€”โ€”12690Not yet classifiedโ€”โ€”
2024-11-2919.41โ€”โ€”6516Not yet classifiedโ€”โ€”
2024-11-2219.12โ€”โ€”6132Not yet classifiedโ€”โ€”
2024-11-1519.19โ€”โ€”19285Not yet classifiedโ€”โ€”
2024-11-0819.33โ€”โ€”16218Not yet classifiedโ€”โ€”
2024-11-0118.80โ€”โ€”13671Not yet classifiedโ€”โ€”
2024-10-2519.44โ€”โ€”12558Not yet classifiedโ€”โ€”
2024-10-1819.05โ€”โ€”9238Not yet classifiedโ€”โ€”
2024-10-1118.94โ€”โ€”14288Not yet classifiedโ€”โ€”
2024-10-0418.96โ€”โ€”6071Not yet classifiedโ€”โ€”
2024-09-2719.38โ€”โ€”11818Not yet classifiedโ€”โ€”
2024-09-2019.56โ€”โ€”7870Not yet classifiedโ€”โ€”
2024-09-1319.32โ€”โ€”8066Not yet classifiedโ€”โ€”
2024-09-0618.30โ€”โ€”25958Not yet classifiedโ€”โ€”
2024-08-3018.91โ€”โ€”15625Not yet classifiedโ€”โ€”
2024-08-2318.89โ€”โ€”9446Not yet classifiedโ€”โ€”
2024-08-1618.95โ€”โ€”16814Not yet classifiedโ€”โ€”
2024-08-0918.39โ€”โ€”6781Not yet classifiedโ€”โ€”
2024-08-0218.36โ€”โ€”10504Not yet classifiedโ€”โ€”
2024-07-2619.03โ€”โ€”11159Not yet classifiedโ€”โ€”
2024-07-1919.54โ€”โ€”8066Not yet classifiedโ€”โ€”
2024-07-1220.16โ€”โ€”11638Not yet classifiedโ€”โ€”
2024-07-0520.61โ€”โ€”6347Not yet classifiedโ€”โ€”
2024-06-2820.19โ€”โ€”8529Not yet classifiedโ€”โ€”
2024-06-2120.17โ€”โ€”9054Not yet classifiedโ€”โ€”
2024-06-1420.04โ€”โ€”8409Not yet classifiedโ€”โ€”
2024-06-0719.66โ€”โ€”6482Not yet classifiedโ€”โ€”
2024-05-3119.33โ€”โ€”9865Not yet classifiedโ€”โ€”
2024-05-2419.72โ€”โ€”10105Not yet classifiedโ€”โ€”
2024-05-1719.47โ€”โ€”15853Not yet classifiedโ€”โ€”
2024-05-1019.23โ€”โ€”4864Not yet classifiedโ€”โ€”
2024-05-0318.90โ€”โ€”3517Not yet classifiedโ€”โ€”
2024-04-2619.01โ€”โ€”6012Not yet classifiedโ€”โ€”
2024-04-1918.65โ€”โ€”7712Not yet classifiedโ€”โ€”
2024-04-1219.51โ€”โ€”3816Not yet classifiedโ€”โ€”
2024-04-0519.65โ€”โ€”2208Not yet classifiedโ€”โ€”
2024-03-2919.52โ€”โ€”4224Not yet classifiedโ€”โ€”
2024-03-2219.63โ€”โ€”3048Not yet classifiedโ€”โ€”
2024-03-1519.19โ€”โ€”1709Not yet classifiedโ€”โ€”
2024-03-0818.84โ€”โ€”2520Not yet classifiedโ€”โ€”
2024-03-0119.14โ€”โ€”957Not yet classifiedโ€”โ€”
2024-02-2318.96โ€”โ€”4007Not yet classifiedโ€”โ€”
2024-02-1618.80โ€”โ€”8317Not yet classifiedโ€”โ€”
2024-02-0919.23โ€”โ€”1863Not yet classifiedโ€”โ€”
2024-02-0218.97โ€”โ€”7243Not yet classifiedโ€”โ€”
2024-01-2618.47โ€”โ€”3046Not yet classifiedโ€”โ€”
2024-01-1918.31โ€”โ€”4595Not yet classifiedโ€”โ€”
2024-01-1218.00โ€”โ€”2348Not yet classifiedโ€”โ€”
2024-01-0517.24โ€”โ€”3288Not yet classifiedโ€”โ€”
2023-12-2917.56โ€”โ€”1285Not yet classifiedโ€”โ€”
2023-12-2217.45โ€”โ€”1505Not yet classifiedโ€”โ€”
2023-12-1517.15โ€”โ€”3147Not yet classifiedโ€”โ€”
2023-12-0817.43โ€”โ€”776Not yet classifiedโ€”โ€”
2023-12-0117.42โ€”โ€”703Not yet classifiedโ€”โ€”
2023-11-2417.55โ€”โ€”3340Not yet classifiedโ€”โ€”
2023-11-1717.42โ€”โ€”1036Not yet classifiedโ€”โ€”
2023-11-1017.37โ€”โ€”1512Not yet classifiedโ€”โ€”
Price vs TrendAbove+17.2%
Trend directionRising+2.4%
Price vs current Fair ValuePremium+11.2%
Fair Value directionClosing upward+26.4%
Relative Strength vs benchmarkLeading+1.1%
Relative strength directionImproving+27.9%
Price momentumPositive+32.3%
Volume balanceDemand-led1.77ร—
Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

78 / ยฑ100

+15.4 points since 2026-09-11

Energy

70 /100

+0.8 points since 2026-09-11

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance11
Rotation Up68
Upward Expansion87
Deceleration49
Rotation Down16
Downward Expansion14

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind todayโ€™s regime

2023-11-10 to 2026-10-09 ยท 74 classified observations out of 153 shown.

Balance 16%Rotation Up 7%Upward Expansion 35%Deceleration 7%Rotation Down 4%Downward Expansion 31%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Upward Expansion2026-08-282026-10-09Developing+4.4%
Balance2026-08-072026-08-21New-3.4%
Downward Expansion2026-07-032026-07-31Developing+13.8%
Balance2026-05-222026-06-26Developing-12.7%
Downward Expansion2026-01-162026-05-15Established-10.6%
Deceleration2026-01-092026-01-09New+0.0%
Rotation Down2025-12-192026-01-02New-2.3%
Balance2025-11-282025-12-12New-2.7%
Upward Expansion2025-10-102025-11-21Developing-5.5%
Deceleration2025-09-122025-10-03New+2.6%
Upward Expansion2025-06-202025-09-05Developing+4.0%
Rotation Up2025-05-162025-06-13Developing+3.9%
Classic Stage Analysis comparison
Stage 1 ยท Basing39
Stage 2 ยท Advancing94
Stage 3 ยท Distribution48
Stage 4 ยท Declining6

Legacy result: Stage 2 ยท Stage 2A ยท Early advance. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Leading benchmark

Architecture confirmation
65/100
Current Relative Strength
1.14
Relative Strength direction
Improving
Price momentum
+32.3%
Excess performance vs benchmark
+17.4%
Sector regime cohort
60th percentile867 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.52ร—

Latest completed volume relative to typical participation.

Up/down volume1.77ร—

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 0

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+0.0%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity USD 21.05rising
Slow Activity USD 19.23rising
Trend Reference USD 18.59+17.2% close margin
Current Fair Value USD 19.59+11.2% close margin
Structural low USD 15.20shock / repair context
What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +5.1%
Annualized volatility +39.7%
From structural high -10.0%
From structural low +43.3%
Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon Samples Median movePositive periodsDirectional follow-through Median excess vs SPY Regime survived Read
Near term6-0.3%-2.5% to +5.8%+50.0%+50.0%-1.9%+66.7%Usable descriptive sample
Intermediate2+2.3%-3.7% to +8.2%+50.0%+50.0%-7.0%+0.0%Too little matched history
Extended1+5.2%+5.2% to +5.2%+100.0%+100.0%-10.0%+0.0%Too little matched history
Full cycle1-21.7%-21.7% to -21.7%+0.0%+0.0%-48.7%+0.0%Too little matched history
Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

Evidence context