{"schema_version":"1.0","name":"KJD Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"0ba27c8e-28bb-468e-8e06-4a32b0491bff","symbol":"KJD","name":"KraneShares 2x Long JD Daily ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Range position and boundary pressure, Activity pressure and cumulative balance, Range pressure and compression, Acceleration, deceleration and rollover."},{"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":45,"displayedObservations":45,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.667211,0.869675,0.869675,0.824939,0.776634,0.62589,0.385886,0.129776,-0.054589,-0.204647,-0.305494,-0.343175,-0.373907,-0.095801,0.114044,0.216117,0.237845],"opens":[20.23,20.09,21.05,22.4,20.03,18.0,18.22,18.075,15.6,14.11,15.29,18.02,19.52,19.77,23.14,22.99,17.01],"highs":[20.6388,21.0047,25.8,23.5,20.07,20.1601,18.22,18.15,15.96,15.2488,17.2999,19.0,20.15,23.0287,23.14,23.5535,18.105],"lows":[19.665,19.6721,20.7,20.4098,18.06,18.0,16.54,16.4577,13.32,13.56,15.1045,17.7403,19.04,19.595,22.3403,17.06,16.7999],"closes":[20.136,20.2628,22.5862,20.5029,18.1939,18.1625,17.7301,16.4577,13.9306,15.2488,17.0266,18.7123,19.3547,23.0287,22.9138,17.58,17.8994],"hoverRows":[[{"label":"Open","value":"20.2","className":"is-ohlc","compact":true},{"label":"High","value":"20.6","className":"is-ohlc","compact":true},{"label":"Low","value":"19.7","className":"is-ohlc","compact":true},{"label":"Close","value":"20.1","className":"is-ohlc","compact":true},{"label":"Market 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strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.0","className":"is-ohlc","compact":true},{"label":"High","value":"23.6","className":"is-ohlc","compact":true},{"label":"Low","value":"17.1","className":"is-ohlc","compact":true},{"label":"Close","value":"17.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.22","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.0","className":"is-ohlc","compact":true},{"label":"High","value":"18.1","className":"is-ohlc","compact":true},{"label":"Low","value":"16.8","className":"is-ohlc","compact":true},{"label":"Close","value":"17.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.24","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[13.384714,23.574586],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.237845,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"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":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[25.53,25.5966,25.3162,23.3163,19.68,19.1038,20.2754,20.3,19.6853,18.687,19.4568,19.5821,19.3841,18.6939,19.7441,17.92,17.4207,16.2134,16.4923,15.4062,15.894,17.3595,16.0006,17.6527,17.2443,19.044,22.5732,20.6056,20.136,20.2628,22.5862,20.5029,18.1939,18.1625,17.7301,16.4577,13.9306,15.2488,17.0266,18.7123,19.3547,23.0287,22.9138,17.58,17.8994],"consensus":[58.7629,9.6641,-81.0659,-15.0036,-80.8828,-56.1109,-18.533,-36.6366,-39.97,-47.2468,-10.7557,-13.499,-23.038,-40.2445,13.4859,-63.645,-34.9015,-58.7833,-23.2537,-58.009,0.0,27.7128,-45.6143,30.7616,-11.8466,49.1224,72.6727,0.0,19.3416,21.0465,45.6705,-16.8738,-49.6358,-22.7601,-23.6397,-54.5173,-66.7888,0.0,13.4184,37.4293,24.6607,76.564,39.9774,-50.3228,-1.7148],"supportDates":["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,-54.0369,-4.1564,-27.5786,-48.4308,-54.2752,-2.9889,-1.997,-20.0463,-42.1404,16.2919,-63.3626,-32.8464,-64.8755,-12.9449,-68.4591,0.0,27.2411,-51.116,22.0709,-25.8354,49.453,68.4002,0.0,10.0017,15.8408,42.7367,-25.8729,-50.0883,-22.1312,-16.741,-58.551,-66.3015,0.0,24.5456,38.5071,15.7726,77.3764,38.3982,-48.6761,-6.1039],"force":[58.7629,9.6641,-81.0659,-15.0036,-55.6024,-28.6705,-18.1623,-9.049,-20.7968,-26.9955,-24.869,-13.99,-6.5836,-41.7285,46.7515,-71.1632,-20.456,-55.1901,-2.1357,-43.6194,0.0,67.1424,-57.7744,62.8758,-17.6814,63.9714,91.5755,0.0,0.2244,8.0075,58.7733,-49.6333,-80.6497,-16.9426,-16.2318,-58.9833,-79.9308,0.0,38.0839,47.6544,16.5594,96.7805,12.1272,-91.2161,-13.7848],"direction":[null,null,null,null,-98.9402,-78.0815,-70.6748,-66.6941,-43.9957,-53.6796,-51.9101,-46.2792,-38.2102,-37.0178,13.4821,-58.5976,-47.5685,-54.3872,-53.1706,-56.3443,0.0,0.0879,-30.6409,17.7552,-8.3083,38.1382,64.0537,0.0,43.671,36.3095,39.6644,-16.8106,-26.9657,-27.6341,-36.8152,-46.7173,-57.9585,0.0,16.9165,28.8937,40.605,61.1951,61.6753,-22.9952,-21.7217],"intensity":[null,null,null,null,100.0,60.0,33.3333,28.5714,12.5,44.4444,20.0,9.0909,66.6667,23.0769,64.2857,80.0,81.25,52.9412,55.5556,36.8421,85.0,85.7143,63.6364,69.5652,50.0,72.0,100.0,77.7778,64.2857,3.4483,100.0,80.6452,90.625,3.0303,70.5882,42.8571,86.1111,45.9459,73.6842,82.0513,42.5,95.122,80.9524,100.0,100.0],"confirmation":[41.4708,25.7592,48.6077,27.4678,70.0601,85.1508,9.9193,79.021,80.0772,82.3947,8.5086,6.6417,52.2496,80.8946,30.8294,88.5998,78.7596,86.6083,52.6135,85.9651,8.297,55.4103,82.8833,78.9549,28.1947,84.1667,91.8965,34.0724,51.0824,74.4168,83.0586,32.5138,84.8217,75.1155,75.4441,85.5202,89.7803,32.7032,31.1516,80.2726,75.78,93.1042,79.9681,85.3747,3.1957],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,75.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0,75.0,75.0,62.5,37.5,62.5,37.5,37.5,12.5,12.5,25.0,37.5,37.5,62.5,37.5,37.5,12.5,12.5,25.0,50.0,62.5,62.5,37.5,12.5,12.5,37.5,37.5,50.0],"assessmentRisk":[null,null,null,null,9.522,21.9369,40.5842,30.0626,20.1778,8.1069,22.2676,18.8238,0.5726,20.4162,4.6432,11.1077,28.6769,20.3152,38.3223,20.8265,43.7176,28.1171,0.5988,33.1909,48.6587,19.9449,13.6484,46.7977,38.2233,23.1125,22.4107,5.3808,14.9941,29.9514,37.7934,21.7828,15.7345,43.6907,24.8714,25.4971,37.5754,11.6962,29.8407,1.9637,28.0586],"volumeParticipation":true,"latest":{"consensus":-1.7,"control":-6.1,"force":-13.8,"direction":-21.7,"confirmation":3.2,"persistence":50.0,"assessmentRisk":28.1,"intensity":100.0,"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 downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-1.7","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-6.1","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-13.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-21.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"3/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"47.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"13.4%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"18.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"37%","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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