{"schema_version":"1.0","name":"YARM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1c003b1f-4e28-4b1b-9fd3-2ea5698de5bc","symbol":"YARM","name":"IncomeShares ARM Options ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","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, Completed returns and cumulative progression, Range expansion and closing direction, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance."},{"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":21,"displayedObservations":21,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","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 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displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","tone":"caution"},{"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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-06-19","price":1263.7551}],"reversal_dangers":[{"date":"2026-06-26","price":978.2023}]}},"smTape":{"available":true,"dates":["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":[768.63,784.3519,815.5463,1011.9463,915.1189,863.7757,891.1238,1188.75,1051.5031,1078.0808,1106.896,1263.7551,978.2023,949.5,955.375,768.375,813.875,746.5,752.625,744.625,662.5],"consensus":[-55.5763,81.761,64.8535,55.1377,41.1313,14.3518,36.9097,81.7222,0.0,32.485,58.9691,42.0633,-39.6354,-36.902,-8.4155,-55.4528,-19.276,-54.2537,-18.2485,-27.4652,-68.1929],"supportDates":["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,1.6473,33.9365,72.4922,0.0,9.177,61.8863,31.7438,-43.1471,-39.0609,-8.9111,-42.0042,-20.0885,-40.7737,-3.114,-25.8497,-67.7526],"force":[-55.5763,81.761,64.8535,55.1377,24.684,0.2662,27.2099,96.717,0.0,18.9064,38.8727,20.8834,-56.9224,-30.5295,-4.9413,-52.1639,-31.6109,-67.1049,-12.5738,-9.8939,-78.2946],"direction":[null,null,null,null,88.1422,39.3127,47.2362,81.5603,0.0,68.8218,69.9898,68.9855,-23.2742,-38.9864,-37.7578,-73.1717,-54.6952,-60.4801,-57.561,-41.8624,-61.4807],"intensity":[null,null,null,null,75.0,80.0,16.6667,100.0,75.0,66.6667,50.0,90.9091,91.6667,15.3846,7.1429,80.0,37.5,58.8235,22.2222,36.8421,45.0],"confirmation":[40.4511,48.8302,43.4198,40.3107,18.0522,27.0641,79.5608,94.7487,36.9293,78.3366,86.2132,80.972,81.1567,79.5815,5.5051,85.8496,34.0154,85.9583,7.8132,76.278,55.0],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,87.5,87.5,87.5,87.5,62.5,37.5,12.5,12.5,25.0,50.0,75.0,100.0,100.0],"assessmentRisk":[null,null,null,null,23.7002,25.8655,15.5011,3.118,35.5146,30.267,17.6483,6.3363,3.0595,17.3385,35.0608,22.1234,31.3469,17.5473,35.5703,5.35,10.0462],"volumeParticipation":true,"latest":{"consensus":-68.2,"control":-67.8,"force":-78.3,"direction":-61.5,"confirmation":55.0,"persistence":100.0,"assessmentRisk":10.0,"intensity":45.0,"evidenceDepth":81},"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. 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