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evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":58.3,"averageReturn":-1.3,"sample":24},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 58.3% of comparable cases moved lower after 12 weeks, with an average move of -1.3% across 24 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 11.9% across 23 completed cases, with the largest move arriving after 7.1 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[8.15,8.1,8.45,9.1,9.1,8.35,8.6,8.55,8.6,9.25,9.15,9.0,8.9,8.9,8.55,8.55,8.5,7.9,7.8,7.8,7.9,7.7,8.5,7.95,7.65,7.7,7.7,8.8,8.7,8.75,9.4,9.25,9.0,9.0,8.95,8.95,8.8,8.85,9.0,9.3,9.2,9.3,9.2,9.1,9.0,9.1,8.8,9.0,9.15,9.1,9.25,9.45,9.2,9.0,9.0,9.0,8.95,8.6,8.65,9.1,8.85,8.9,8.95,8.7,8.45,8.4,7.75,7.65,8.05,9.0,9.0,8.65,8.5,8.3,8.5,8.7,8.7,8.75,8.4,8.2,8.4,8.0,8.0,7.8,7.7,7.7,7.85,8.1,8.05,8.1,7.9,7.6,7.75,7.5,7.0,7.05,7.05,6.7,7.05,6.8,6.7,6.55,6.5,6.5],"consensus":[-17.7213,-19.6347,37.034,65.9588,21.6717,-36.2269,23.9878,0.0,0.0,61.3617,17.8695,0.0,10.3769,0.0,-40.3985,-10.451,-15.2096,-62.5401,-39.467,-21.6289,-16.5185,-42.8008,51.6369,-40.4337,-54.4206,-15.7561,-20.0748,56.4383,18.9924,36.3733,74.5733,15.4814,0.0,24.7508,0.0,0.0,-17.4735,14.0896,35.8394,52.7697,9.7206,34.2297,12.43,-9.3661,-9.2652,17.3002,-35.6248,18.5398,22.5529,0.0,34.0689,46.9272,-11.0452,-23.7212,0.0,0.0,-21.094,-48.7961,-11.41,31.4926,-34.402,0.0,10.9283,-40.9131,-46.9104,-36.2612,-70.1134,-47.0169,0.0,60.695,31.0802,-16.8717,0.0,-32.5036,12.7376,30.0717,19.0665,32.417,-43.5611,-32.4794,11.9357,-63.1311,-16.0449,-49.1693,-50.2694,-30.4086,0.0,29.351,0.0,12.1355,-24.0948,-50.7188,0.0,-39.0525,-64.9574,-20.6343,-49.1202,-46.3111,8.2931,-51.3853,-38.5733,-51.7622,-49.3715,-30.2307],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[-15.4832,-22.6795,0.0,0.0,-18.6563,-37.54,-3.625,27.287,-30.6078,0.0,7.0883,-37.9957,-47.7436,-36.8189,-66.2887,-38.1389,0.0,55.8718,28.2963,-26.6213,0.0,-32.6742,22.9349,39.9046,20.5478,31.1881,-44.0541,-27.3487,17.2709,-63.4983,-6.0085,-55.0317,-55.2914,-29.0478,0.0,31.0564,0.0,3.3191,-30.32,-49.1675,0.0,-38.4973,-77.0206,-5.4862,-55.303,-42.7928,18.4696,-58.1065,-33.1816,-58.4557,-52.8051,-27.6364],"force":[-31.4241,-37.6113,0.0,0.0,-20.6402,-71.2977,-13.7101,66.8882,-68.5325,0.0,17.596,-56.6236,-49.3557,-20.0217,-85.4782,-37.3838,0.0,96.6279,17.3317,-58.7407,0.0,-29.3298,39.5783,36.6387,15.0773,37.5119,-79.9442,-30.7218,49.1537,-83.4591,-4.5377,-41.1126,-37.357,-10.2165,0.0,51.6803,0.0,20.4449,-32.6515,-60.7786,0.0,-27.3082,-51.6001,-8.2102,-25.6477,-27.1081,44.5987,-41.8203,-26.8287,-46.7195,-33.4601,-5.3965],"direction":[-8.5831,-14.9902,0.0,0.0,-24.2042,-45.5877,-38.2502,11.0164,-14.3592,0.0,10.5542,-33.0254,-44.2116,-47.2234,-63.5098,-64.044,0.0,40.5408,44.0822,-24.177,0.0,-34.5757,18.0885,14.1435,20.223,30.1821,-17.0098,-39.5984,20.746,-48.1914,-42.2168,-48.2242,-53.7532,-46.3867,0.0,11.4524,0.0,16.2761,-10.8684,-45.3063,0.0,-48.0758,-60.7117,-58.5496,-58.8204,-64.0484,29.2698,-50.5359,-53.1242,-47.7145,-56.8125,-50.9343],"intensity":[50.0,50.0,23.0769,25.0,11.5385,90.3846,57.6923,94.2308,55.7692,57.6923,5.7692,59.6154,61.5385,61.5385,98.0769,76.9231,76.9231,98.0769,96.1538,71.1538,63.4615,61.5385,28.8462,80.7692,5.7692,7.6923,73.0769,82.6923,36.5385,80.7692,82.6923,32.6923,11.5385,36.5385,38.4615,63.4615,69.2308,36.5385,69.2308,71.1538,21.1538,59.6154,88.4615,1.9231,15.3846,90.3846,75.0,59.6154,75.0,23.0769,3.8462,59.6154],"confirmation":[28.5856,76.03,25.7636,4.0369,74.7734,84.472,5.9291,79.2204,80.1066,25.0007,49.0921,81.6154,83.0732,79.1002,90.9628,82.8871,35.7363,88.591,77.5691,34.3508,26.4437,78.3018,31.2642,77.6733,73.9571,78.5474,83.0409,78.418,31.9649,88.8159,28.2947,83.3993,83.6162,77.1361,5.8992,78.0468,27.0872,49.6043,75.8762,84.5602,31.6048,80.1473,88.1955,7.7062,82.9089,82.2879,32.5161,84.0494,80.0677,84.3082,83.2616,62.2898],"persistence":[37.5,12.5,25.0,12.5,12.5,25.0,50.0,50.0,50.0,37.5,25.0,37.5,37.5,37.5,37.5,62.5,50.0,37.5,37.5,37.5,25.0,25.0,0.0,25.0,37.5,37.5,12.5,12.5,25.0,25.0,0.0,25.0,50.0,75.0,62.5,37.5,50.0,25.0,25.0,25.0,12.5,12.5,25.0,50.0,62.5,87.5,62.5,62.5,75.0,75.0,75.0,75.0],"assessmentRisk":[20.5228,14.8217,43.1295,47.3071,35.0935,24.309,42.1915,6.7584,4.8348,44.6755,39.2653,27.3338,24.5533,31.2136,14.9359,26.4685,47.3872,15.1146,34.3198,57.8177,44.2991,31.503,49.8295,8.5041,14.8804,25.8282,8.9437,28.8189,41.4475,17.184,39.9514,23.3463,24.7926,30.501,29.8113,30.4818,50.9903,42.4181,24.6851,24.1496,47.7487,30.3129,17.5081,39.2363,25.3462,26.7851,5.9836,13.1133,26.6308,3.6191,24.687,28.8711],"volumeParticipation":true,"latest":{"consensus":-30.2,"control":-27.6,"force":-5.4,"direction":-50.9,"confirmation":62.3,"persistence":75.0,"assessmentRisk":28.9,"intensity":59.6,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-30.2","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-27.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-5.4","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-50.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"62/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"29.9","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"5.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"27.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"4%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price and its trend references are aligned 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