CGMM

Capital Group U.S. Small and Mid Cap ETF

NYSE Arca · ETF

30.97

−0.37 (−1.18%)

Close, Oct 16, 2026

Watch

Structural summary

What is the structure, what changed, and what would invalidate it

Viridia Intelligence

Context across dimensions, not a rating

StructureHigher highs, higher lowsIntermediate-degree swings on the daily chart.

WaveDefensiveImpulse complete, next move down (Pattern Confidence 65); the weekly count agrees.

FibonacciAt a zoneNearest confluence 31.46–31.61 (3 relationships), +1.8% from the close.

MomentumWeak3 months −2.4% (behind SPY by 5.2 points); 6 months −2.6%.

RegimeMixed−3.7% vs the 50-day average, −1.4% vs the 200-day.

RiskNormal20-day volatility 15% vs 16% over the year; 1-year drawdown −10.1%; beta 1.02.

CGMM setup historyNot replayed yet; the track record fills in most-traded securities first.

Current structure

Price, swings and the preferred count on the chart

CGMM · 1DLoading bars…

SourceMassive, end of dayUpdated—MethodDaily bars, split-adjusted

Candidate interpretations

Every count shown passes every hard rule

Candidate interpretations

Ranked by Pattern Confidence

Counts ending at the latest intermediate swing high, 33.84 on Aug 14, 2026. 200 labelings tested, 137 broke a hard rule, 12+ remain.

Hard-rule evidence: why 137 labelings were eliminated

57Wave 2 always retraces less than 100% of wave 1
23Price after the last labeled point has not crossed a rule-based invalidation level
18Contracting triangle: C ends short of A's end, D short of B's end, and E short of C's end
9Wave B retraces at least 90% of wave A
9Wave 4 always retraces less than 100% of wave 3
6Contracting diagonal: wave 3 is shorter than wave 1, wave 5 shorter than wave 3, and wave 4 shorter than wave 2

Method Every chain of 3–6 alternating pivots ending at the latest confirmed pivot is tested as each pattern; only counts with zero hard-rule failures are kept, then ranked by Pattern Confidence. Rules: rulebook.Engine pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1, bars to Oct 16, 2026

Fibonacci map

Confluence zones above and below the closeClose 30.97

30.97close

Bar length is the zone's strength (a weighted count of relationships, not a probability). Select a zone to see what forms it.

31.46 – 31.61+1.8% from the close

3 relationships · strength 1.9 · Minor degree

31.61Swing78.6% retracement of the decline 2026-10-06 → 2026-10-14 · Minor · Basics · secondary ratio
31.56ProjectionWave C = 123.6% of wave A · Minor · EWF · secondary ratio
31.46RetracementWave 4 retraces 38.2% of wave 3 · Minor · EWF

Method Targets come from the Fibonacci relationships the sources describe for the wave in progress, Elliott trend channels, the prior fourth wave of lesser degree, and 38.2–78.6% retracements of the latest swing. A zone is where two or more independent relationships fall within max(¼ ATR, 0.4%) of each other; strength counts them, weighting primary ratios and higher degrees. It is not a probability.

Evidence

The setup the preferred count implies, and how that kind of setup has done

Setup

Intermediate degree · from the preferred count

No scenario at intermediate degree right now

The target is closer than the stop (reward:risk 0.54 : 1): most of the count's expected move has already happened, so it isn't a setup. Viridia shows nothing rather than a guess.

Setups at other degrees:

NoteResearch scenario generated from Viridia's structural model. Not a recommendation.MethodA setup restates the preferred count as a trade: the entry (the close, or the level where the correction in progress most often ends), the stop where the count is wrong (a rule level, or the end of a finished pattern), and the count's own Fibonacci target. Reward:risk is measured from the middle of the entry range. A setup needs reward:risk of at least 1 : 1. It is research output from the wave count, not a recommendation or a forecast.

Engine details

Analysis engine: pivots-1.0.0+rules-1.0.0+candidates-1.0.0+fib-1.0.1+rank-1.1.0+setup-1.0.1
Bars analysed to: Oct 16, 2026
Price history: Automatic, updated nightly
Daily bars: 440 since Jan 16, 2025
Avg volume, 50 days: 792.7K
Dollar volume, 20 days: $29.1M
SEC CIK: Not matched
Provider symbols: nasdaqtrader: CGMM · massive: CGMM
Listing changes: None since Sep 24, 2026

SourcePrices: Massive (end of day, split-adjusted). Listings: Nasdaq Trader, SECUpdatedOct 19, 2026, 8:00 AM EDTMethodSecurity master, daily snapshot diff

Structure at a glance

Daily chart, as of Oct 16, 2026

Since the count's last pivot (33.84, Aug 14, 2026) price has moved −8.5%, the way the count expects.12 of 12 rule-valid counts expect the current move to be down.Weekly count: flat wave C ↓, same direction

Preferred count

Impulse up · complete, next move down ↓

A five-wave advance (impulse) looks complete, so a correction down would normally follow.

1-2-3-4-5 from 26.68, Aug 1, 2025

Pattern Confidence65Medium

9 of 13 checks met

Key levels, preferred count

Reassess+9.3% from close

33.84

The pattern ended here. A move above it means its last wave is still going, so the pattern isn't complete.

Target, next move−5.0% from close

29.42

Correction retraces 61.8% of waves 1–5

Nearest confluence zone+1.8% from close

31.46–31.61

3 Fibonacci relationships meet here.

Alternate count

Flat down · wave C ↓

Price is in wave C of a three-wave flat correction down.

A-B from 28.86, Oct 27, 2025

Pattern Confidence60Medium

1 of 1 checks met

Why this count is preferred · 9 met, 4 not met

Met

Wave 3 measures 161.8% or more of wave 1
Wave 4 retraces 14.6% to 38.2% of wave 3, and no more than 50%
Waves 2 and 4 alternate: one sharp and deep, the other shallow or sideways
One actionary wave (1, 3 or 5) is extended, most often wave 3 in stocks
When wave 3 is extended, waves 1 and 5 tend toward equality
Wave 5 exceeds the end of wave 3 (a failure is called a truncation)
Alternate waves are related by a Fibonacci ratio within 5% (wave 5 to wave 1, C to A, or triangle legs at 61.8%), the more reliable kind of relationship
Wave 3 has the heaviest average volume of the actionary waves
Wave 5 comes on lighter average volume than wave 3

Not met

Wave 2 retraces 50% to 85.4% of wave 1
The count starts at the price extreme of the prior swing (a new trend begins where the old one ended)
Wave 3 moves faster (price per bar) than waves 1 and 5
Waves 2 and 4 alternate in time too: the shallower correction takes at least as long

MethodPattern Confidence = (guidelines met + 2) ÷ (guidelines measured + 4), from the rulebook's guidelines, Fibonacci tendencies and wave-personality checks (wave 3 speed and volume, wave 5 volume, alternation in time, a start at the prior extreme), alternate waves in Fibonacci ratio, and the rarity of running flats. The alternate is the best-ranked count that tells a different story. It ranks the rule-valid counts against each other; it is not a probability of any outcome.

Structural summary

Viridia Intelligence

Current structure

Candidate interpretations

Candidate interpretations

Fibonacci map

Fibonacci map

Evidence

Setup

Engine details

Structure at a glance

What changed