The model identifies SMG (Agriculture) as displaying a bullish breakout configuration with a model position, currently classified at active-late stage. This classification is based on the model's interpretation of EMA trend structure and Fibonacci execution levels.
Based on delayed data, the model reads the underlying at $57.93, placing it at the 23.0% level in the distribution (0.000-0.236) zone (model range: $47.00 to $94.50), The model's Fibonacci execution zone spans $47.00 to $58.21, with the entry midpoint at $52.61., The EMA structure shows bullish alignment (EMA20 > EMA50 > EMA100) (20-period: $58.16, 50-period: $57.62, 100-period: $56.92), which the model interprets as bullish trend structure.
Model position (hypothetical): Short 3 contracts of the Mar 20, 2026 $55 call. Model entry premium: $4.43 per contract (hypothetical risk per strategy model). Model marks at $5.76 with a hypothetical unrealized -$398.05 (29.9%).
The model classifies this setup at late-stage status approaching the model's target zone near $64.48. This indicates the model interprets market pricing as having caught up (premium ratio > 0.35 per strategy model), and the model is evaluating mechanical exit conditions including profit-taking at the defined Fibonacci target.
Model invalidation would occur if price breaks below $47.00, which the model would interpret as the breakout having failed. Per the model's strategy rules, exit logic includes both invalidation-based exits and time-based exits (if price fails to reach the halfway point within the defined bar window). The call premium represents the model's total hypothetical maximum risk.