SMCZ

Defiance Daily Target 2X Short SMCI ETF

NASDAQ · ETF

6.70

−0.14 (−2.05%)

Close, Oct 20, 2026

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Structural summary

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

Viridia Intelligence

Context across dimensions, not a rating

StructureLower highs, lower lowsIntermediate-degree swings on the daily chart.

WaveUnresolvedEnding diagonal, wave 4 up (Pattern Confidence 60); the weekly count points the other way.

FibonacciZone aboveNearest confluence 7.8–8.13 (2 relationships), +18.8% from the close.

MomentumWeak3 months −49.4% (behind SPY by 52.3 points); 6 months −87.6%.

RegimeMixed+17.7% vs the 50-day average, −83.9% vs the 200-day.

RiskNormal20-day volatility 119% vs 184% over the year; 1-year drawdown −96.9%; beta -7.68.

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

Current structure

Price, swings and the preferred count on the chart

SMCZ · 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 low, 3.66 on Oct 7, 2026. 120 labelings tested, 83 broke a hard rule, 12+ remain.

Hard-rule evidence: why 83 labelings were eliminated

51Wave 2 always retraces less than 100% of wave 1
10Contracting triangle: C ends short of A's end, D short of B's end, and E short of C's end
9Wave 4 always retraces less than 100% of wave 3
7Wave B ends short of the start of wave A (a zigzag is a sharp correction)
3Wave B retraces at least 90% of wave A
3Wave 3 always travels beyond the end of wave 1

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-1.1.0+candidates-1.0.0+fib-1.0.1+rank-1.2.0+setup-1.0.1 (computed on load), bars to Oct 20, 2026

Fibonacci map

Confluence zones above and below the closeClose 6.70

6.70close

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

7.80 – 8.13+18.8% from the close

2 relationships · strength 1.2 · Minor degree

8.13ProjectionWave C = 161.8% of wave A · Minor · Essentials · secondary ratio
7.80RetracementMove after the correction retraces 100% of A–C · Minor · Viridia · secondary ratio

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

Wave 4 of a diagonal is in progress; the sources give no entry level for diagonal corrections. Viridia shows nothing rather than a guess.

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-1.1.0+candidates-1.0.0+fib-1.0.1+rank-1.2.0+setup-1.0.1
Bars analysed to: Oct 20, 2026
Price history: Automatic, updated nightly
Daily bars: 391 since Apr 1, 2025
Avg volume, 50 days: 2.61M
Dollar volume, 20 days: $11.2M
SEC CIK: Not matched
Provider symbols: nasdaqtrader: SMCZ · massive: SMCZ
Listing changes: None since Sep 24, 2026

SourcePrices: Massive (end of day, split-adjusted). Listings: Nasdaq Trader, SECUpdatedOct 22, 2026, 8:00 AM EDTMethodSecurity master, daily snapshot diff

Structure at a glance

Daily chart, as of Oct 20, 2026

Since the count's last pivot (3.66, Oct 7, 2026) price has moved +83.1%, the way the count expects.12 of 12 rule-valid counts expect the current move to be up.Weekly count: ending diagonal wave 3 ↓, opposite direction

Close call.The top two counts are within 0 points. Treat the structure as unresolved until one is invalidated.

Preferred count

Ending diagonal down · wave 4 ↑

Price is in wave 4 of a five-wave decline (ending diagonal).

1-2-3 from 133.40, Mar 23, 2026

Pattern Confidence60Medium

1 of 1 checks met

Key levels, preferred count

Invalidation+203.0% from close

20.30

Price above this level breaks the count.

Target, wave 4+84.3% from close

12.35

Wave 4 retraces 38.2% of wave 3

Nearest confluence zone+18.8% from close

7.80–8.13

2 Fibonacci relationships meet here.

Alternate count

Flat up · wave C ↑

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

A-B from 40.55, Oct 9, 2025

Pattern Confidence60Medium

1 of 1 checks met

Why this count is preferred · 1 met, 0 not met

Met

The count starts at the price extreme of the prior swing (a new trend begins where the old one ended)

Not met

None.

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