ETF Market Structure Heat Map — August 7, 2026 (12 PM)

ML STRUCTURE

ML1 Reached: 18 ETFs

Currently Above ML1: 6 / 18 (33.3%)

ML1 ≥ Open: 17 / 18 (94.4%)

MS STRUCTURE

MS1 Reached: 8 ETFs

Currently Below MS1: 2 / 8 (25.0%)

MS1 ≤ Open: 6 / 8 (75.0%)

REVERSALS

ML1/MS1 Reversals: 0

Symbols: None

A notable observation today is the difference between reaching a structural level and sustaining movement beyond that level.

While 18 ETFs have reached ML1, only one-third are currently trading above it. This suggests that the initial upside movement has not translated into broad continuation yet.

On the downside, MS1 participation remains limited, with fewer ETFs reaching downside structure and even fewer maintaining trade below those levels.

The heat map provides a view of where price is moving relative to mathematically defined opening-based structural levels — not a prediction of future direction, but a measurement of current market behavior.

Levels are calculated from the opening price and are dependent on the underlying data source.

For research and educational purposes only.