{"schema_version":"1.0","name":"NBIZ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"03e3742b-db5b-467b-b3cb-7e26d78842eb","symbol":"NBIZ","name":"Tradr 2X Short NBIS Daily ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Drawdown and recovery pressure, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Range position and boundary pressure, Range pressure and compression."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":31,"displayedObservations":31,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-08-07","2026-08-14","2026-08-21"],"values":[0.079536,0.107674,0.113202],"opens":[20.38,17.91,4.45],"highs":[21.9056,18.47,7.18],"lows":[12.32,4.4,4.33],"closes":[17.53,4.435,6.77],"hoverRows":[[{"label":"Open","value":"20.4","className":"is-ohlc","compact":true},{"label":"High","value":"21.9","className":"is-ohlc","compact":true},{"label":"Low","value":"12.3","className":"is-ohlc","compact":true},{"label":"Close","value":"17.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.9","className":"is-ohlc","compact":true},{"label":"High","value":"18.5","className":"is-ohlc","compact":true},{"label":"Low","value":"4.40","className":"is-ohlc","compact":true},{"label":"Close","value":"4.43","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.45","className":"is-ohlc","compact":true},{"label":"High","value":"7.18","className":"is-ohlc","compact":true},{"label":"Low","value":"4.33","className":"is-ohlc","compact":true},{"label":"Close","value":"6.77","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[3.6493,18.3157],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"slight strengthening","fourWeekDirection":"steady","now":{"label":"Slightly stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics strengthened this week and remains positive.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":27,"relationship":{"sameWeekCorrelation":-0.3,"sample":0,"correlationSample":26,"label":"Meaningful 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Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Slightly stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[816.015,951.3,795.6,585.0,559.2,612.6,590.4,330.9,271.2,360.9,285.6,151.5,124.5,140.7,119.1,81.0,46.65,44.4,37.65,34.05,31.89,19.74,27.54,30.21,27.57,38.46,28.58,19.01,17.53,4.435,6.77],"consensus":[91.432,90.7762,-95.7879,-46.9726,-57.37,-17.2817,-32.3886,-76.6116,-47.4905,0.0,-65.0119,-73.6673,-50.0054,-24.354,-54.1758,-49.2236,-49.9206,-38.6751,-42.296,-21.5295,-30.5247,-35.8124,-9.5651,-9.2834,-24.8657,0.0,-17.7395,-27.1661,-14.6617,-39.7717,-6.4183],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,-0.7112,-24.7371,-70.7623,-30.8014,0.0,-58.8762,-71.3419,-46.2457,-8.5895,-54.2655,-46.8897,-54.9013,-43.4334,-49.8891,-16.6984,-40.4249,-45.6941,-6.8189,-8.2049,-36.6125,0.0,-26.0478,-39.0782,-19.9852,-50.1467,-4.2639],"force":[91.432,90.7762,-95.7879,-46.9726,-16.6732,-7.2257,-18.0797,-93.5839,-38.5661,0.0,-69.8734,-83.4237,-31.7582,-13.5154,-36.1724,-39.9921,-43.7053,-15.3936,-22.4414,-0.3696,-8.6082,-19.6686,-14.0344,-10.7955,-9.1252,0.0,-7.6219,-19.4189,-2.9061,-42.5466,-9.3772],"direction":[null,null,null,null,-86.4391,-55.3504,-51.3539,-71.1735,-72.9383,0.0,-68.5517,-69.356,-67.3358,-69.4201,-66.9328,-58.485,-48.6679,-49.8669,-47.7999,-42.165,-34.8649,-36.0503,-29.5605,-24.8579,-22.6841,0.0,-15.4712,-19.086,-16.9747,-25.9325,-20.163],"intensity":[null,null,null,null,75.0,20.0,33.3333,85.7143,100.0,33.3333,20.0,54.5455,41.6667,7.6923,14.2857,26.6667,18.75,11.7647,5.5556,10.5263,5.0,14.2857,9.0909,4.3478,12.5,20.0,19.2308,18.5185,46.4286,27.5862,26.6667],"confirmation":[51.9249,51.715,53.3188,37.6979,61.8313,29.4173,78.0449,93.1221,83.1793,13.7823,89.0455,91.9063,83.5029,32.4293,84.7862,83.5058,83.7093,79.594,80.8139,51.6515,76.9491,78.8174,5.3775,27.3449,75.2983,26.4118,50.575,76.2755,49.5857,80.6534,3.6058],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,75.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,75.0],"assessmentRisk":[null,null,null,null,19.2379,40.8551,30.8788,9.5246,25.2727,45.5344,16.8387,8.5954,17.9972,35.9832,19.7383,7.1723,11.8929,21.7079,17.4821,15.6497,0.9257,5.3508,7.99,0.5963,0.999,43.6643,12.5136,20.0137,29.5194,30.1082,46.5681],"volumeParticipation":true,"latest":{"consensus":-6.4,"control":-4.3,"force":-9.4,"direction":-20.2,"confirmation":3.6,"persistence":75.0,"assessmentRisk":46.6,"intensity":26.7,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. 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