{"schema_version":"1.0","name":"BIGY Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"149dc5fe-656e-42bb-883b-2f189d478ec8","symbol":"BIGY","name":"Evolve US Equity UltraYield ETF","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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, Activity pressure and cumulative balance, Drawdown and recovery pressure, Range pressure and compression, Directional strength and control, 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":"2026-08-14","observations":49,"displayedObservations":49,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Price structure and the underlying tape currently reinforce the same downside read.","evidenceAlignment":{"status":"Evidence aligned downward","headline":"Downward price structure is confirmed by Market Dynamics","summary":"Price structure and the underlying tape currently reinforce the same downside read.","take":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","tone":"negative","conflict":false},"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"],"values":[-0.938595,-1.208976,-1.155951,-0.814618,-0.414562,0.057987,0.529364,0.742887,0.875471,0.892034,0.743299,0.477622,0.217966,-0.168705,-0.346049,-0.580991,-0.684046,-0.746936,-0.821751,-0.761098,-0.709793],"opens":[17.526164,16.007353,16.708464,16.735532,18.224225,17.907751,18.300557,18.646201,18.488884,18.887309,18.484335,17.463967,17.414914,15.193071,16.21093,16.065744,15.959857,15.71481,15.577477,15.499001,16.038523],"highs":[17.728671,16.830356,18.1149,18.439624,18.523907,18.291214,18.795673,19.244077,18.849364,19.17926,18.484335,17.532647,17.414914,15.693096,16.387562,16.084994,16.215095,16.13662,15.577477,16.09738,16.185667],"lows":[15.795641,15.639156,16.380293,16.680269,17.905818,17.365648,18.141746,18.459367,18.232753,18.422479,17.463967,17.100953,17.2285,15.144991,16.1128,15.921355,15.351859,15.293002,14.861384,15.499001,15.911],"closes":[15.86928,16.6147,17.083513,18.345974,18.317877,18.188454,18.795673,18.849365,18.555286,19.102158,17.660192,17.375666,17.336425,15.52001,16.230556,16.056118,15.655953,15.34205,15.14586,16.077761,15.95],"hoverRows":[[{"label":"Open","value":"17.5","className":"is-ohlc","compact":true},{"label":"High","value":"17.7","className":"is-ohlc","compact":true},{"label":"Low","value":"15.8","className":"is-ohlc","compact":true},{"label":"Close","value":"15.9","className":"is-ohlc","compact":true},{"label":"Market 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repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[14.908482,19.339536],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.709793,"state":"Negative and broadly steady","context":{"scenario":"negativeSteady","latestDirection":"strengthening","fourWeekDirection":"steady","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"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":"Negative and broadly steady","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and broadly steady","detail":"Market Dynamics improved this week but 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":"Supported","detail":"The broader path has not changed enough to establish a new direction.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-09-12","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":[20.0737,20.9094,20.3002,20.9192,20.1761,20.4246,21.1209,21.6572,20.4018,19.7152,18.4599,20.3846,20.1852,19.9358,20.0689,20.2162,19.473,19.8484,19.6364,19.4677,18.9335,17.8456,17.2426,17.6305,17.6286,17.8279,17.8023,17.1856,15.8693,16.6147,17.0835,18.346,18.3179,18.1885,18.7957,18.8494,18.5553,19.1022,17.6602,17.3757,17.3364,15.52,16.2306,16.0561,15.656,15.3421,15.1459,16.0778,15.95],"consensus":[27.7775,95.2003,-22.3023,9.1583,-15.2521,0.0,41.1034,44.6288,-31.9235,-40.9213,-63.711,25.1374,0.0,-10.8993,17.7748,0.0,-39.3901,0.0,-22.025,-15.0506,-36.0748,-54.4312,-53.6885,-14.7919,-28.8013,-8.8254,-13.2431,-45.9214,-68.6141,0.0,0.0,47.3965,21.8626,19.7188,48.347,22.2628,0.0,44.9001,-44.5316,-25.3355,-21.9672,-45.4017,-22.3664,-26.5669,-50.6768,-46.0329,-43.9809,18.899,-21.3585],"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"],"control":[null,null,null,null,null,0.0,42.9047,42.2488,-33.4417,-33.4952,-56.6049,42.4644,0.0,-14.934,11.8662,0.0,-41.5863,0.0,-22.7639,-6.2722,-36.4694,-48.8259,-52.8523,-0.6218,-23.1628,-7.5674,-21.2859,-51.1926,-70.5953,0.0,0.0,44.831,17.0554,16.5455,49.6096,20.0832,0.0,43.435,-47.2265,-21.0622,-17.6238,-42.2677,-16.8308,-17.5877,-45.4944,-56.016,-42.7592,25.2846,-31.9468],"force":[27.7775,95.2003,-22.3023,9.1583,-33.089,0.0,35.2702,38.3127,-71.9678,-55.6337,-68.8402,51.5017,0.0,-14.9685,23.7328,0.0,-50.8926,0.0,-24.2295,-12.0684,-37.5189,-61.6759,-45.945,-18.0781,-8.3591,-14.6558,-1.9515,-45.9004,-77.7607,0.0,0.0,77.5921,13.6688,13.3646,54.6133,10.9241,0.0,51.7459,-62.9275,-16.6757,-9.2515,-31.2629,-7.2497,-6.8424,-52.5431,-36.1232,-31.1409,58.895,-17.0124],"direction":[null,null,null,null,-2.5114,0.0,43.2114,51.8602,-1.5854,-38.8993,-68.1686,13.4966,0.0,-3.3817,20.2718,0.0,-28.6641,0.0,-19.6057,-27.2131,-34.5922,-55.6624,-60.1752,-54.465,-49.8469,-27.0353,-14.9047,-39.9121,-59.8167,0.0,0.0,28.7604,33.2093,27.8841,42.4283,32.8527,0.0,41.6847,-28.3118,-36.4047,-36.0136,-59.0826,-49.8471,-50.9179,-55.2664,-41.7019,-54.5486,16.9675,-12.3619],"intensity":[null,null,null,null,75.0,60.0,66.6667,100.0,100.0,55.5556,90.0,100.0,25.0,7.6923,14.2857,40.0,68.75,17.6471,5.5556,78.9474,25.0,95.2381,77.2727,21.7391,20.8333,8.0,19.2308,40.7407,89.2857,75.8621,83.3333,80.6452,78.125,30.303,61.7647,25.7143,25.0,35.1351,92.1053,74.359,2.5,100.0,73.8095,13.9535,36.3636,15.5556,36.9565,72.3404,27.0833],"confirmation":[31.5555,53.1308,29.8034,25.5973,28.3627,25.5967,80.9479,82.125,56.7461,81.6563,88.6521,34.1294,48.247,48.8836,73.9596,24.6485,80.9219,3.7757,75.1039,50.1924,79.5819,85.7242,84.9571,7.8043,76.6793,5.2542,49.4018,82.6139,90.2051,9.4074,4.8468,84.1262,74.8196,74.1647,83.6428,74.8117,4.3418,82.599,82.7697,75.9085,74.7082,82.1454,53.219,53.3704,84.3524,82.2764,81.7012,33.4557,82.5409],"persistence":[null,null,33.3333,50.0,20.0,16.6667,28.5714,37.5,12.5,12.5,12.5,12.5,0.0,12.5,12.5,25.0,25.0,12.5,12.5,37.5,50.0,50.0,75.0,87.5,87.5,100.0,100.0,100.0,100.0,87.5,75.0,50.0,25.0,0.0,25.0,50.0,62.5,75.0,62.5,37.5,12.5,12.5,37.5,62.5,75.0,100.0,100.0,75.0,75.0],"assessmentRisk":[null,null,null,null,14.8116,34.5972,22.6133,19.9513,30.7251,16.846,18.0285,55.9611,14.5197,17.6139,38.832,12.4958,14.7127,7.6714,12.9419,29.1444,11.8553,22.2519,22.9691,42.0441,35.3959,2.3804,49.4668,15.2049,15.585,45.6105,38.7371,22.7654,38.9755,39.1047,25.3473,22.7034,15.6964,22.3787,23.0961,35.3594,35.505,27.2842,35.9618,33.1802,23.845,10.5511,23.7267,7.9733,29.8095],"volumeParticipation":true,"latest":{"consensus":-21.4,"control":-31.9,"force":-17.0,"direction":-12.4,"confirmation":82.5,"persistence":75.0,"assessmentRisk":29.8,"intensity":27.1,"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":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-21.4","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-31.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-17.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-12.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"83/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"43.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.8%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"32.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"25%","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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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,97.4262,144.0403,138.5147,105.4529,54.327,47.5109,113.0054,81.979,48.7451,97.2718,101.5017,115.182,178.1285,80.8664,108.3908,97.3986,53.3124,85.8592,68.0474,95.0341,76.4624,96.7686,82.6152,79.5298,116.0481,109.5923,148.8596,103.1601,174.6771,138.2142,128.9533,62.8136,39.6856,13.8835,27.9182,13.1513,17.7855,203.7568,124.6122,157.9407,99.2925,171.94],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-2.9137,0.0,-3.5525,-2.3644,0.0,0.0,-5.7965,-8.9669,-14.763,-5.8761,-6.797,-7.9481,-7.3339,-6.6535,-10.0854,-8.3518,-9.3309,-10.1096,-12.5763,-17.5997,-20.3839,-18.5927,-18.6016,-17.6814,-17.7995,-20.6472,-26.7251,-23.2832,-21.1185,-15.2892,-15.419,-16.0166,-13.2128,-12.9649,-14.3228,-11.7976,-18.4558,-19.7695,-19.9507,-28.3378,-25.057,-25.8624,-27.7101,-29.1596,-30.0654,-25.7625,-26.3524],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,7.8884,1.6347,0.0,0.0,10.4261,9.3457,7.9952,8.7159,9.5141,5.4877,7.5216,6.3729,5.4593,2.5655,0.0,0.0,2.2498,2.2386,3.3944,3.246,0.0,0.0,4.6973,7.6515,15.6068,15.4298,14.6142,18.4406,18.779,16.9258,20.3719,11.2854,9.4925,9.2452,0.0,4.5783,3.4543,0.8759,0.0,0.0,6.1528,5.3093],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}