{"schema_version":"1.0","name":"X71UN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1d7b2c94-b781-4ad3-88f7-16093e2d65a0","symbol":"X71UN","name":"XTRACKERS II EUROZONE GOV BD 7-","exchange":"MEX","country":"MX","asset_type":"etf","currency":"MXN","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 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evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.8,"sample":2},{"week":2,"averageReturn":-1.0,"sample":2},{"week":3,"averageReturn":-1.0,"sample":2},{"week":4,"averageReturn":-1.8,"sample":2},{"week":5,"averageReturn":-2.2,"sample":2},{"week":6,"averageReturn":-2.2,"sample":2},{"week":7,"averageReturn":-2.2,"sample":2},{"week":8,"averageReturn":-2.9,"sample":2},{"week":9,"averageReturn":-2.0,"sample":1},{"week":10,"averageReturn":-0.7,"sample":1},{"week":11,"averageReturn":-0.1,"sample":1},{"week":12,"averageReturn":-0.8,"sample":1},{"week":13,"averageReturn":-1.2,"sample":1},{"week":14,"averageReturn":-1.8,"sample":1},{"week":15,"averageReturn":-2.2,"sample":1},{"week":16,"averageReturn":-2.4,"sample":1},{"week":17,"averageReturn":-3.5,"sample":1},{"week":18,"averageReturn":-5.1,"sample":1},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":0.2,"sample":1},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 0.2% across 1 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 3.4% across 1 completed cases, with the largest move arriving after 8.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-03","price":164.789993},{"date":"2026-06-19","price":163.639999}],"reversal_dangers":[{"date":"2026-04-17","price":161.0},{"date":"2026-06-26","price":164.699997}]}},"smTape":{"available":true,"dates":["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","2025-10-24","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","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","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","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[169.74,168.56,172.22,170.59,169.95,169.76,169.39,157.94,170.92,168.08,168.32,168.12,168.39,170.99,173.06,171.93,169.55,169.71,170.49,169.08,166.42,165.8,165.43,163.2,167.11,164.74,160.59,161.36,161.92,161.99,159.61,165.23,165.5,165.33,163.37,164.79,161.0,161.47,162.33,160.6,159.92,160.46,162.13,162.59,161.51,163.64,164.7,163.54,162.8,161.83,161.17,160.89,159.0,156.38],"consensus":[-100.0,0.0,0.0,-100.0,-11.2748,-10.9133,-36.2723,-82.9542,40.4433,-28.9125,8.3302,0.0,0.0,34.0341,65.4666,33.6335,0.0,0.0,19.2273,-20.835,-60.4276,-41.179,-36.3877,-66.1441,31.3358,-58.2773,-77.8273,-11.065,-11.88,-14.586,-59.5398,43.5843,33.9706,29.3096,-30.9287,0.0,-37.542,-10.4414,0.0,-38.6675,-30.5771,0.0,0.0,24.2389,-21.752,53.8925,38.0191,0.0,0.0,-10.9178,-46.7881,-40.6557,-68.4758,-73.0806],"supportDates":["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","2025-10-24","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","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","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","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,-25.8784,-34.3187,-67.0362,43.9835,-24.2881,21.2645,0.0,0.0,12.0619,65.6821,35.038,0.0,0.0,31.3612,-3.8895,-68.6007,-34.3061,-32.5961,-74.3272,31.8611,-59.1262,-81.4996,-3.1684,-1.7242,-1.0466,-73.3614,37.1796,35.829,30.4146,-46.647,0.0,-20.0,-2.112,0.0,-38.3533,-33.3868,0.0,0.0,22.8893,-41.3959,53.0097,35.7709,0.0,0.0,-1.7719,-44.8656,-46.7206,-73.1558,-78.259],"force":[0.0,-100.0,-31.0751,-18.251,-28.521,-99.9083,35.4723,-47.8072,17.0028,0.0,0.0,48.5626,65.5118,4.3068,0.0,0.0,32.5927,-43.5597,-65.334,-35.9135,-15.3418,-57.4276,80.9408,-82.7633,-91.0194,-37.5563,-30.9695,-12.8148,-49.8856,73.6573,32.6131,25.0403,-59.7308,0.0,-52.9703,-13.4818,0.0,-28.5537,-13.3912,0.0,0.0,30.9665,-26.4951,74.015,25.4491,0.0,0.0,-4.9518,-62.6464,-32.8566,-80.604,-77.593],"direction":[null,null,-2.8683,-11.4308,-44.0418,-89.0363,39.948,-20.7012,12.6468,0.0,0.0,48.7677,65.1881,52.976,0.0,0.0,4.1867,-23.9693,-47.5824,-52.7948,-55.7537,-63.018,4.6968,-39.8173,-64.2075,-54.8192,-58.0343,-52.0239,-50.6395,29.4233,32.8164,31.0962,-7.608,0.0,-46.5696,-41.8762,0.0,-46.2507,-39.6416,0.0,0.0,20.9759,-4.0862,40.5281,49.5669,0.0,0.0,-25.6318,-37.6578,-39.2953,-54.4643,-63.9392],"intensity":[null,null,25.0,20.0,33.3333,100.0,100.0,66.6667,20.0,27.2727,83.3333,84.6154,50.0,26.6667,62.5,5.8824,27.7778,42.1053,70.0,52.381,18.1818,65.2174,83.3333,64.0,84.6154,29.6296,42.8571,20.6897,70.0,87.0968,31.25,12.1212,52.9412,57.1429,86.1111,21.6216,26.3158,51.2821,20.0,17.0732,73.8095,34.8837,29.5455,62.2222,78.2609,31.9149,20.8333,53.0612,24.0,33.3333,59.6154,78.8462],"confirmation":[0.0,54.6667,28.0976,28.5931,79.4007,95.3046,80.7364,77.8983,28.0975,5.8482,28.1014,79.6685,88.9474,55.1809,27.2445,1.1294,52.6017,52.9513,87.3618,81.1215,79.0604,88.7758,57.8665,87.3821,93.2508,10.1913,9.6776,7.0278,86.5479,82.9611,78.8009,77.2321,57.4918,25.9549,80.7509,6.1301,29.8652,80.0702,77.2181,7.2179,28.3623,75.982,53.0109,85.8723,79.8173,4.1518,26.6518,26.1179,83.4848,80.6797,90.2106,99.4444],"persistence":[33.3333,50.0,60.0,66.6667,71.4286,75.0,50.0,62.5,50.0,37.5,25.0,0.0,25.0,50.0,37.5,50.0,50.0,37.5,25.0,0.0,25.0,50.0,37.5,50.0,75.0,75.0,75.0,75.0,75.0,50.0,50.0,25.0,25.0,12.5,12.5,12.5,0.0,25.0,50.0,62.5,50.0,37.5,37.5,12.5,0.0,12.5,25.0,12.5,0.0,25.0,25.0,50.0],"assessmentRisk":[null,null,10.5923,33.5099,28.1923,8.2464,12.5825,0.8383,13.4335,50.2796,24.2518,8.9491,3.9176,15.3521,15.3738,11.2091,33.2194,15.241,2.9954,28.6064,31.7071,16.877,1.4772,5.0732,10.1435,31.1179,43.5009,37.0236,7.0634,23.2945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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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-73.1","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-78.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-77.6","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}