{"schema_version":"1.0","name":"BEMG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"0b67117b-e8ab-4bdc-8899-02e3d73512b9","symbol":"BEMG","name":"Betashares MSCI Emerging Markets Complex ETF","exchange":"ASX","country":"AU","asset_type":"etf","currency":"AUD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Range pressure and compression, Acceleration, deceleration and rollover, Directional strength and control, Activity pressure and cumulative balance, Range position and boundary pressure."},{"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":50,"displayedObservations":50,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.259225,-0.35705,-0.348871,-0.290368,-0.191242,-0.015134,0.276599,0.550248,0.808258,1.013807,1.013585,1.027392,1.023844,0.967046,1.019545,1.006224,0.671707,0.352881,-0.006722,-0.392204,-0.429067,-0.462864],"opens":[31.690001,31.370001,32.459999,33.669998,34.299999,35.139999,35.0,36.950001,36.0,36.970001,38.299999,37.98,40.0,39.18,37.830002,37.869999,36.52,35.689999,36.779999,36.689999,37.0,38.0],"highs":[32.57,32.639999,34.009998,34.529999,34.939999,35.299999,36.889999,37.009998,37.529999,40.0,38.299999,38.060001,40.18,39.959999,38.470001,38.419998,36.52,37.34,36.990002,37.439999,38.91,38.599998],"lows":[30.92,31.1,32.259998,33.200001,33.860001,34.48,34.84,35.709999,35.200001,36.639999,37.209999,37.200001,39.099998,37.849998,37.25,37.73,35.32,35.349998,34.330002,36.16,36.439999,36.25],"closes":[31.889999,31.870001,33.720001,34.299999,34.790001,34.970001,36.610001,35.709999,36.630001,38.029999,37.220001,37.200001,39.279999,38.0,38.310001,38.169998,35.5,36.240002,36.990002,36.43,37.470001,37.25],"hoverRows":[[{"label":"Open","value":"31.7","className":"is-ohlc","compact":true},{"label":"High","value":"32.6","className":"is-ohlc","compact":true},{"label":"Low","value":"30.9","className":"is-ohlc","compact":true},{"label":"Close","value":"31.9","className":"is-ohlc","compact":true},{"label":"Market 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weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.7","className":"is-ohlc","compact":true},{"label":"High","value":"37.4","className":"is-ohlc","compact":true},{"label":"Low","value":"36.2","className":"is-ohlc","compact":true},{"label":"Close","value":"36.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.39","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"37.0","className":"is-ohlc","compact":true},{"label":"High","value":"38.9","className":"is-ohlc","compact":true},{"label":"Low","value":"36.4","className":"is-ohlc","compact":true},{"label":"Close","value":"37.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.43","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"38.0","className":"is-ohlc","compact":true},{"label":"High","value":"38.6","className":"is-ohlc","compact":true},{"label":"Low","value":"36.2","className":"is-ohlc","compact":true},{"label":"Close","value":"37.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.46","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[31.425401,39.724599],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.462864,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Distribution rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":22,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-29","price":38.029999},{"date":"2026-08-14","price":37.470001}],"reversal_dangers":[{"date":"2026-06-05","price":37.220001},{"date":"2026-08-21","price":37.25}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[30.3996,30.9732,31.0,31.78,31.77,32.3,32.6079,32.88,32.58,32.61,31.88,32.15,31.99,31.95,31.76,31.77,32.22,33.31,34.1,33.64,34.39,33.08,33.82,34.24,34.655,32.78,32.15,31.94,31.89,31.87,33.72,34.3,34.79,34.97,36.61,35.71,36.63,38.03,37.22,37.2,39.28,38.0,38.31,38.17,35.5,36.24,36.99,36.43,37.47,37.25],"consensus":[100.0,86.9448,-100.0,100.0,52.4931,57.9659,49.8185,44.0353,19.2598,19.872,-35.8758,0.0,-15.2227,-9.4072,0.0,-16.454,33.5696,56.4927,61.114,9.2526,61.0161,-31.5022,34.1378,40.5515,31.2574,-44.1654,-35.0871,-39.5855,-23.7434,-17.4806,52.1101,46.2318,47.8502,34.3382,72.5948,0.0,56.0421,60.0739,0.0,14.4718,40.4631,0.0,41.1779,26.6891,-54.7631,0.0,15.0295,-24.6189,28.2615,1.5574],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,58.6491,45.86,25.6302,9.7214,10.5328,-32.0202,0.0,-7.5366,-2.6045,0.0,-16.1216,44.4011,56.5006,53.7117,3.1385,54.5658,-31.2699,33.7217,38.1323,29.7525,-41.544,-25.1442,-39.113,-13.1118,-10.3911,48.8085,44.3213,49.0354,30.782,71.81,0.0,46.6899,49.7501,0.0,0.0674,32.791,0.0,43.5047,27.1239,-56.1748,0.0,22.3563,-19.5218,22.0435,3.564],"force":[100.0,86.9448,-100.0,100.0,2.3638,39.2296,24.061,35.7363,22.8139,3.5323,-69.9831,0.0,-34.1416,-12.9778,0.0,-15.8366,39.3703,62.9284,74.8974,32.0147,74.3198,-83.2976,54.4467,44.2176,23.0042,-82.9386,-41.5927,-30.8869,-10.0934,-2.415,83.6983,53.0766,44.0784,17.4239,90.5487,0.0,71.9481,73.9941,0.0,10.7546,22.6693,0.0,33.5573,8.7031,-71.2579,0.0,36.6875,-35.5162,39.9241,10.1807],"direction":[null,null,null,null,88.2997,70.5683,72.7407,70.9976,60.2136,47.2625,-15.9199,0.0,-10.4934,-14.6314,0.0,-17.2749,17.0474,51.8867,59.7286,52.8905,58.8852,-5.2291,20.107,40.6978,38.8725,-19.4662,-41.8034,-46.3388,-45.6436,-36.3442,33.3202,43.526,49.1899,50.4841,60.6674,0.0,55.3689,61.9294,0.0,48.9529,61.9411,0.0,43.962,39.0395,-41.3677,0.0,8.814,-22.6603,27.0372,15.7948],"intensity":[null,null,null,null,25.0,20.0,83.3333,28.5714,12.5,11.1111,60.0,9.0909,8.3333,30.7692,50.0,26.6667,37.5,100.0,94.4444,36.8421,70.0,95.2381,63.6364,21.7391,58.3333,100.0,92.3077,88.8889,75.0,3.4483,96.6667,70.9677,50.0,45.4545,91.1765,68.5714,69.4444,100.0,92.1053,7.6923,95.0,75.6098,80.9524,27.907,100.0,55.5556,69.5652,89.3617,77.0833,10.2041],"confirmation":[54.6667,50.489,54.6667,54.6667,37.1728,85.9677,83.2173,82.1188,32.5599,51.8749,80.5785,1.4793,50.8983,48.5561,47.5062,73.2515,78.754,86.2737,88.0894,9.3913,88.0289,58.1116,79.5494,81.1251,77.7738,83.3545,79.5776,80.4095,75.3439,50.576,85.6882,83.0319,83.1791,78.5269,91.7895,35.8771,86.5607,87.8052,32.3161,6.376,80.5228,32.6234,80.9092,75.9857,86.0054,7.6207,29.9048,76.2878,77.4938,2.2686],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,75.0,75.0,75.0,62.5,37.5,12.5,0.0,25.0,25.0,25.0,0.0,12.5,37.5,37.5,50.0,75.0,75.0,50.0,25.0,0.0,25.0,25.0,25.0,25.0,25.0,0.0,25.0,37.5,62.5,87.5,75.0,75.0,75.0,62.5,62.5,75.0,50.0,37.5,50.0,25.0,25.0,25.0],"assessmentRisk":[null,null,null,null,23.7201,20.9949,25.0893,27.9537,39.6116,27.3054,28.9498,48.365,37.4892,42.1546,13.2816,30.4493,13.4806,21.5716,19.4395,45.3333,19.472,1.739,37.1787,17.2395,4.557,4.7144,30.5469,29.7676,37.9808,31.0075,20.5754,26.2827,25.8909,32.7275,13.536,47.0865,19.8315,19.7215,29.052,40.0146,29.4401,1.7249,18.6072,24.8238,22.382,46.0715,46.3965,32.405,32.1875,33.7776],"volumeParticipation":true,"latest":{"consensus":1.6,"control":3.6,"force":10.2,"direction":15.8,"confirmation":2.3,"persistence":25.0,"assessmentRisk":33.8,"intensity":10.2,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+1.6","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+3.6","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+10.2","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+15.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"2/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"57.4","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"4.8%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"24.4","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"70%","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 upward.","series":[{"label":"Close","values":[30.3996,30.9732,31.0,31.78,31.77,32.3,32.6079,32.88,32.58,32.61,31.88,32.15,31.99,31.95,31.76,31.77,32.22,33.31,34.1,33.64,34.39,33.08,33.82,34.24,34.655,32.78,32.15,31.94,31.89,31.87,33.72,34.3,34.79,34.97,36.61,35.71,36.63,38.03,37.22,37.2,39.28,38.0,38.31,38.17,35.5,36.24,36.99,36.43,37.47,37.25],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,30.9843,31.2235,31.4752,31.7306,31.8851,32.0169,31.992,32.0207,32.0151,32.0033,31.9591,31.9247,31.9784,32.2205,32.5622,32.7582,33.0549,33.0594,33.1977,33.3872,33.6177,33.4654,33.2263,32.9924,32.792,32.6243,32.8235,33.092,33.4007,33.686,34.2177,34.489,34.8783,35.4513,35.7729,36.0324,36.6228,36.8732,37.1345,37.3227,36.9913,36.8547,36.8793,36.7976,36.9199,36.9799],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,31.4352,31.4734,31.4946,31.515,31.5672,31.6963,31.8744,32.0052,32.1818,32.2483,32.3648,32.5037,32.663,32.6717,32.633,32.5817,32.5305,32.4815,32.5733,32.7012,32.8559,33.0125,33.279,33.4591,33.694,34.0151,34.2525,34.4709,34.8271,35.0621,35.3027,35.5151,35.514,35.5678,35.6731,35.7292,35.8581,35.9612],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,33.5073,33.4311,33.3942,33.3427,33.2933,33.2385,33.1894,33.1787,33.3765,33.7463,33.9156,34.1657,34.1716,34.2619,34.4784,34.7478,34.7526,34.756,34.7554,34.7638,34.7687,34.8561,35.0275,35.2588,35.4835,36.0502,36.287,36.707,37.4484,37.8634,38.2388,39.0232,39.4212,39.8366,40.1824,40.2121,40.2328,40.2204,40.057,39.8718,39.4799],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,30.2729,30.3472,30.4275,30.4912,30.5453,30.5789,30.6107,30.659,30.6158,30.4674,30.4515,30.6004,30.8052,30.9969,31.0264,31.0454,31.0887,31.0395,30.9461,30.8687,30.7898,30.8864,30.93,30.9787,31.056,30.9743,31.1315,31.1525,30.8831,30.7801,30.7607,30.4654,30.5593,30.5929,30.6401,30.6949,31.0202,31.5166,32.129,32.8722,33.8021],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,2.5765,2.5529,2.4553,2.3478,2.4669,2.5371,2.6514,2.7386,3.1252,3.0919,3.0173,2.9517,3.4816,3.9939,3.941,4.0348,4.0941,4.0464,3.9708,3.857,3.7305,3.7089,3.7908,3.886,4.1085,4.1072,3.9811,4.0428,4.2771,4.167,4.0126,4.5797,4.558,4.6602,4.6448,4.6661,4.809],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,10.1424,9.6708,9.2968,8.9343,8.6093,8.335,8.0835,7.8941,8.6279,10.2123,10.7635,11.0099,10.3618,10.0066,10.5399,11.2546,11.1297,11.2974,11.596,11.8695,12.1388,12.0763,12.4249,12.9234,13.308,15.1463,15.294,16.3704,19.216,20.6379,21.6757,24.6308,25.3265,26.2496,26.9471,26.8439,25.8591,24.2657,21.9657,19.2443,15.4959],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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","2026-08-21"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.493,0.4582,0.4106,0.3694,0.3688,0.4511,0.5734,0.6261,0.72,0.6809,0.7015,0.7432,0.8004,0.6866,0.5394,0.4011,0.2842,0.1878,0.2577,0.3558,0.4677,0.5644,0.7645,0.8408,0.9644,1.162,1.2389,1.2834,1.4696,1.4966,1.5254,1.5195,1.2845,1.1448,1.0821,0.976,0.9647,0.9274],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.4343,0.4376,0.4648,0.497,0.5416,0.5695,0.5959,0.6253,0.6604,0.6656,0.6404,0.5925,0.5309,0.4622,0.4213,0.4082,0.4201,0.449,0.5121,0.5778,0.6552,0.7565,0.853,0.9391,1.0452,1.1355,1.2134,1.2747,1.2766,1.2503,1.2166,1.1685,1.1278,1.0877],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0655,0.0135,0.1086,0.129,0.1784,0.1114,0.1056,0.1178,0.1401,0.021,-0.101,-0.1914,-0.2466,-0.2744,-0.1636,-0.0524,0.0476,0.1154,0.2524,0.263,0.3093,0.4054,0.3859,0.3443,0.4244,0.3611,0.312,0.2448,0.0079,-0.1055,-0.1345,-0.1925,-0.163,-0.1603],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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","2026-08-21"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,32.7129,31.8034,31.6601,31.4386,29.6952,27.5866,25.9728,24.7899,24.8637,25.0091,25.4753,27.106,28.6203,30.0143,32.0784,32.6721,32.6534,32.6361,30.6403,29.272,27.3078,25.7627,25.1544,24.449],"stroke":"#10243b","width":2.0},{"label":"Positive 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pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,328.3529,92.071,122.7507,83.3836,128.985,382.5383,60.6207,95.5726,9.672,28.6236,47.0104,823.6817,41.7378,76.1795,132.4511,154.6154,101.3972,67.4989,242.9221,59.4713,45.3609,518.9186,76.1684,58.9889,79.4009,58.3168,41.8821,112.6032,103.2939,568.5619,166.2717,31.412,6.7631,13.3292,31.7214,75.3432,14.3071,33.913,197.4512,71.8662,57.863,60.7453,84.6297],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,130.1079,135.0,130.7475,135.0,110.5419,106.7799,100.8677,101.4321,103.0308,105.5773,135.0,133.3989,135.0,129.5664,135.0,135.0,135.0,125.2047,122.7837,121.0151,94.2005,90.1871,93.3496,97.6957,100.739,102.9446,109.1108,103.1565,135.0,135.0,133.6824,133.4,133.9516,132.6562,135.0,134.4373,133.1035,135.0,135.0,133.0599,134.799,132.3454],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}