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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":3,"completedEpisodes":3,"activeEpisodes":0,"medianExpectedMove":9.0,"averageExpectedMove":12.0,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-2.6,"medianReturn":-3.6,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":-7.4,"medianReturn":-4.2,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-19.3,"medianReturn":-19.3,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.6,"sample":3},{"week":2,"averageReturn":-4.2,"sample":3},{"week":3,"averageReturn":-7.2,"sample":3},{"week":4,"averageReturn":-2.6,"sample":3},{"week":5,"averageReturn":-0.8,"sample":3},{"week":6,"averageReturn":-3.6,"sample":3},{"week":7,"averageReturn":-5.4,"sample":3},{"week":8,"averageReturn":-4.6,"sample":3},{"week":9,"averageReturn":-4.0,"sample":3},{"week":10,"averageReturn":-5.6,"sample":3},{"week":11,"averageReturn":-7.2,"sample":3},{"week":12,"averageReturn":-7.4,"sample":3},{"week":13,"averageReturn":-9.4,"sample":3},{"week":14,"averageReturn":-9.4,"sample":3},{"week":15,"averageReturn":-10.2,"sample":3},{"week":16,"averageReturn":-11.3,"sample":3},{"week":17,"averageReturn":-10.5,"sample":3},{"week":18,"averageReturn":-11.3,"sample":3},{"week":19,"averageReturn":-11.6,"sample":3},{"week":20,"averageReturn":-14.7,"sample":3},{"week":21,"averageReturn":-15.1,"sample":3},{"week":22,"averageReturn":-14.6,"sample":3},{"week":23,"averageReturn":-16.0,"sample":3},{"week":24,"averageReturn":-19.1,"sample":3},{"week":25,"averageReturn":-19.5,"sample":3},{"week":26,"averageReturn":-19.3,"sample":3}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"positive","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"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.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":13.3,"averageReturn":-12.4,"sample":15},"nowContext":{"label":"Slightly stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"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."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 13.3% of comparable cases moved higher after 12 weeks, with an average move of -12.4% across 15 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 75.0% of completed 12-week outcomes were lower across 8 cases. Distinct visits lasted 1.5 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 3.4% across 15 completed cases, with the largest move arriving after 4.3 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-07-03","price":277.5}],"distribution_rollovers":[],"price_pressure_gaps":[{"date":"2024-10-11","price":415.0},{"date":"2024-11-08","price":417.5},{"date":"2025-01-03","price":415.0}]}},"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":[410.0,400.0,405.0,390.0,385.0,400.0,387.5,415.0,390.0,382.5,377.5,417.5,427.5,405.0,380.0,397.5,410.0,402.5,405.0,415.0,410.0,407.5,400.0,400.0,400.0,395.0,395.0,377.5,377.5,367.5,352.5,340.0,320.0,328.0,325.0,329.0,339.0,344.0,355.0,346.0,362.0,370.0,370.0,340.0,345.0,335.0,320.0,318.0,315.0,316.0,310.0,310.0,304.0,300.0,300.0,306.0,296.0,270.0,285.0,284.0,262.0,270.0,263.0,284.0,308.0,298.0,298.0,297.0,290.0,284.0,284.0,302.0,326.0,323.0,318.0,317.0,307.0,286.0,314.0,296.0,291.0,265.0,270.0,240.0,213.0,233.0,255.0,255.0,255.0,255.0,255.0,247.5,242.5,240.0,245.0,255.0,270.0,277.5,305.0,300.0,300.0,307.5,307.5,340.0],"consensus":[0.0,-22.3265,0.0,-32.6361,-27.5232,21.7554,-31.0616,46.4109,-35.8725,-32.2695,-29.745,51.2869,50.5467,-15.0511,-36.0745,17.7152,17.0874,-12.5551,16.9768,35.2633,-8.0677,0.0,-22.8044,-9.1481,0.0,-22.1003,-9.3489,-49.8562,-27.4358,-47.7581,-61.0928,-52.9532,-64.0166,-14.9747,-39.9447,-20.628,9.4036,10.5544,29.0372,-10.1066,33.1435,28.6068,12.7485,-38.2158,0.0,-35.0029,-52.2601,-30.8674,-31.0166,-24.1277,-28.0802,-18.8911,-27.8514,-34.8044,-32.7846,-9.4664,-33.6101,-63.3991,0.0,-28.1477,-60.7245,0.0,-39.4104,26.8204,51.2991,0.0,14.1576,10.4184,-17.0681,-23.5907,-14.4956,34.9035,62.4114,28.9549,18.8882,21.5061,-21.0839,-48.887,37.5863,-34.7395,-24.4977,-54.6171,-17.1401,-70.5765,-75.0501,0.0,8.3251,0.0,0.0,0.0,0.0,-32.2399,-31.3687,-34.8261,-12.3524,11.8416,39.6117,35.329,44.1367,21.7662,34.3175,45.6011,27.9055,79.0861],"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":[-27.3026,-39.8135,-41.2404,-9.2777,-38.2993,-62.25,0.0,-23.9261,-54.7497,0.0,-42.0633,25.7249,41.0398,0.0,4.9728,6.1272,-14.4078,-24.5355,-14.131,35.2812,58.1366,24.6176,9.8791,18.6649,-24.2328,-45.719,42.3329,-35.3448,-23.8257,-61.1324,-8.8768,-68.7137,-76.4134,0.0,20.5268,0.0,0.0,0.0,0.0,-33.7911,-34.8043,-40.1043,-10.9517,10.0503,38.7902,30.9786,30.5208,12.7106,28.2567,39.6088,30.0507,78.1472],"force":[-19.9182,-21.4756,-18.7073,-4.2556,-30.4488,-79.0509,0.0,-23.2922,-84.6424,0.0,-29.329,73.459,81.9023,0.0,7.9235,4.1919,-28.3493,-31.1402,-12.4771,53.2028,81.8614,5.4598,1.772,7.0388,-37.593,-70.3653,63.8594,-51.8441,-25.7717,-56.5997,-10.324,-89.399,-85.7485,0.0,42.3014,0.0,0.0,0.0,0.0,-41.2375,-25.4521,-27.7105,-0.3162,15.9704,37.3767,21.114,37.632,19.1891,9.4886,34.5535,4.602,96.1267],"direction":[-34.1451,-38.6004,-33.1761,-19.4833,-30.5091,-53.5326,0.0,-36.4405,-50.4685,0.0,-43.5795,5.241,41.1646,0.0,29.1074,19.7701,-12.0505,-17.1185,-16.3542,21.4008,53.4039,50.6939,43.9416,35.0869,-5.693,-37.166,13.3953,-21.83,-24.3556,-45.7548,-46.201,-59.2607,-65.8504,0.0,29.8885,0.0,0.0,0.0,0.0,-24.0402,-31.6683,-33.8763,-22.5506,10.9398,42.147,50.4544,64.3439,61.3691,58.979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upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+79.1","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+78.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+96.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+68.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"100/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"70.5","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"6.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"24.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"100%","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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