{"schema_version":"1.0","name":"BX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1616321e-7741-4018-80f3-7edbdb0dc3a4","symbol":"BX","name":"Blackstone Inc.","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","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, Acceleration, deceleration and rollover, Range position and boundary pressure, Range pressure and compression, Directional strength and control, Drawdown and recovery 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":34,"displayedObservations":34,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","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":["2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[0.4611,0.769276,1.017313,1.296631,1.48507,1.5711],"opens":[15.859201,15.512713,16.334382,16.799999,17.25,17.709999],"highs":[16.166089,16.047293,16.63137,17.370001,18.709999,18.26],"lows":[15.681008,14.879137,15.700807,16.610001,17.190001,17.280001],"closes":[15.740405,16.047293,15.879001,17.09,18.049999,17.92],"hoverRows":[[{"label":"Open","value":"15.9","className":"is-ohlc","compact":true},{"label":"High","value":"16.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.7","className":"is-ohlc","compact":true},{"label":"Close","value":"15.7","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":"15.5","className":"is-ohlc","compact":true},{"label":"High","value":"16.0","className":"is-ohlc","compact":true},{"label":"Low","value":"14.9","className":"is-ohlc","compact":true},{"label":"Close","value":"16.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"16.3","className":"is-ohlc","compact":true},{"label":"High","value":"16.6","className":"is-ohlc","compact":true},{"label":"Low","value":"15.7","className":"is-ohlc","compact":true},{"label":"Close","value":"15.9","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":"16.8","className":"is-ohlc","compact":true},{"label":"High","value":"17.4","className":"is-ohlc","compact":true},{"label":"Low","value":"16.6","className":"is-ohlc","compact":true},{"label":"Close","value":"17.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"17.2","className":"is-ohlc","compact":true},{"label":"High","value":"18.7","className":"is-ohlc","compact":true},{"label":"Low","value":"17.2","className":"is-ohlc","compact":true},{"label":"Close","value":"18.0","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":"17.7","className":"is-ohlc","compact":true},{"label":"High","value":"18.3","className":"is-ohlc","compact":true},{"label":"Low","value":"17.3","className":"is-ohlc","compact":true},{"label":"Close","value":"17.9","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":[15.601829,18.188575],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","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 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":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics strengthened this week and remains positive.","tone":"neutral"},{"label":"Price location","value":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. 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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":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"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 structure is upward","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":[{"date":"2026-07-24","price":16.047293},{"date":"2026-08-07","price":17.09}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[19.6715,19.4461,20.3768,18.6036,17.5946,16.0957,16.2325,15.2118,14.2009,13.7748,13.3586,13.8442,13.4577,14.1514,14.31,16.1235,15.1721,15.955,15.55,14.85,14.88,14.7,14.52,15.4,15.4,14.49,15.3444,15.2751,15.7404,16.0473,15.879,17.09,18.05,17.92],"consensus":[100.0,10.6383,88.4058,-57.2054,-79.6227,-73.2485,-50.6231,-83.571,-81.8395,-65.3154,-62.1961,-24.6431,-57.3723,0.0,0.0,59.4165,-20.1655,46.3389,0.0,-43.2338,0.0,-28.85,-25.5394,24.6356,17.3136,-23.9447,26.5937,-8.9457,17.6254,45.0464,0.0,63.4429,62.9305,39.2319],"supportDates":["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,-78.7025,-46.5778,-80.457,-76.4844,-53.1936,-48.5476,-22.7161,-58.4279,0.0,0.0,48.3126,-34.6046,42.2051,0.0,-47.9598,0.0,-28.8788,-26.4345,22.0163,14.3869,-29.8046,23.8538,-17.8733,11.8499,39.4684,0.0,56.7292,58.7638,35.8382],"force":[100.0,10.6383,88.4058,-57.2054,-52.9935,-50.4095,-15.737,-90.3093,-87.1789,-60.2825,-55.8843,-42.0066,-40.5039,0.0,0.0,86.2645,-48.8167,62.5664,0.0,-58.7727,0.0,-30.1789,-17.7625,29.781,13.2753,-22.0808,30.3544,-18.3362,7.5201,49.3962,0.0,77.7673,63.9685,9.5709],"direction":[null,null,null,null,-98.6436,-83.3289,-80.1649,-82.3169,-84.1457,-82.7639,-82.303,-74.4524,-68.2147,0.0,0.0,52.9295,-16.8013,39.4722,0.0,-26.7334,0.0,-27.8678,-30.0715,23.954,23.5428,-18.5792,27.0389,-7.9648,31.444,48.3142,0.0,60.884,66.9511,64.2968],"intensity":[null,null,null,null,75.0,100.0,16.6667,57.1429,75.0,22.2222,10.0,9.0909,8.3333,38.4615,7.1429,93.3333,62.5,47.0588,16.6667,42.1053,35.0,4.7619,40.9091,73.913,4.1667,76.0,65.3846,3.7037,39.2857,62.069,63.3333,83.871,87.5,18.1818],"confirmation":[54.6667,26.0709,50.9565,40.9724,69.5953,90.6604,83.1978,94.9955,94.433,88.9323,87.9184,37.512,85.829,9.9222,29.2111,88.0007,33.3571,83.386,28.2546,82.2364,25.0241,77.272,75.922,76.0801,73.4619,75.5162,76.6664,50.0453,50.7535,82.6324,6.1044,88.8406,88.2329,55.0],"persistence":[null,null,100.0,50.0,20.0,0.0,14.2857,25.0,50.0,75.0,100.0,100.0,100.0,87.5,75.0,50.0,50.0,25.0,12.5,12.5,0.0,12.5,25.0,25.0,0.0,25.0,12.5,12.5,0.0,25.0,37.5,37.5,37.5,62.5],"assessmentRisk":[null,null,null,null,8.6417,13.2711,24.6727,8.1655,9.0488,17.0462,18.85,34.603,8.9237,21.4597,43.9237,19.4904,58.1616,25.1634,45.4385,24.1828,15.5135,32.6173,32.027,19.632,22.2057,1.4643,26.1015,3.5227,16.6366,27.1334,36.4712,18.0674,18.5009,30.2202],"volumeParticipation":true,"latest":{"consensus":39.2,"control":35.8,"force":9.6,"direction":64.3,"confirmation":55.0,"persistence":62.5,"assessmentRisk":30.2,"intensity":18.2,"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. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+39.2","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+35.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+9.6","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+64.3","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"60.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.6%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"28.7","detail":"Directional","tone":"positive"},{"label":"Range position","value":"87%","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":[19.6715,19.4461,20.3768,18.6036,17.5946,16.0957,16.2325,15.2118,14.2009,13.7748,13.3586,13.8442,13.4577,14.1514,14.31,16.1235,15.1721,15.955,15.55,14.85,14.88,14.7,14.52,15.4,15.4,14.49,15.3444,15.2751,15.7404,16.0473,15.879,17.09,18.05,17.92],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,19.1984,18.6343,18.1976,17.6547,17.0268,16.4355,15.8761,15.5066,15.1341,14.9554,14.8381,15.0718,15.09,15.2473,15.3023,15.2201,15.1583,15.0749,14.974,15.0515,15.1149,15.0012,15.0636,15.1021,15.2181,15.3689,15.4616,15.7577,16.1745,16.4919],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,17.1205,16.9005,16.7086,16.6653,16.5547,16.5103,16.4391,16.3214,16.2146,16.1024,15.9852,15.9419,15.9017,15.7972,15.7636,15.7274,15.7284,15.752,15.7614,15.8598,16.0221,16.1627],"stroke":"#07865c","width":1.8},{"label":"Upper 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impulse is unusually active or is approaching a change of 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