{"schema_version":"1.0","name":"FUTG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1e67a1e1-1e5b-42f0-8335-1bfe0ac66aee","symbol":"FUTG","name":"LEVERAGE SHARES 2X LONG FUTU DAILY ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","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, Drawdown and recovery pressure, Range pressure and compression, Activity pressure and cumulative balance, 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":"2026-08-21","observations":45,"displayedObservations":45,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms it.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.005378,0.04679,0.088798,-0.037733,-0.203782,-0.456955,-0.711571,-0.830349,-0.878869,-0.894892,-0.94211,-0.948897,-0.937045,-0.874135,-0.723904,-0.556986,-0.323355],"opens":[12.33,11.96,10.14,8.38,3.75,3.94,3.2,3.78,3.47,3.5,3.33,3.3,3.36,3.65,3.92,4.33,3.93],"highs":[12.47,13.6406,10.14,8.38,5.24,4.115,3.7788,3.97,3.981,3.7899,3.57,3.78,4.3105,3.97,4.3799,4.39,5.28],"lows":[11.0,9.55,8.2,2.3,3.725,3.1201,2.9501,3.36,3.27,3.2,3.06,3.07,3.36,3.56,3.8,3.67,3.9],"closes":[11.598,9.817,8.4107,3.08,4.12,3.2083,3.56,3.4671,3.4471,3.3,3.3581,3.24,3.495,3.88,4.16,3.835,5.23],"hoverRows":[[{"label":"Open","value":"12.3","className":"is-ohlc","compact":true},{"label":"High","value":"12.5","className":"is-ohlc","compact":true},{"label":"Low","value":"11.0","className":"is-ohlc","compact":true},{"label":"Close","value":"11.6","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"-0.72","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.33","className":"is-ohlc","compact":true},{"label":"High","value":"4.39","className":"is-ohlc","compact":true},{"label":"Low","value":"3.67","className":"is-ohlc","compact":true},{"label":"Close","value":"3.83","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.56","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.93","className":"is-ohlc","compact":true},{"label":"High","value":"5.28","className":"is-ohlc","compact":true},{"label":"Low","value":"3.90","className":"is-ohlc","compact":true},{"label":"Close","value":"5.23","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.32","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[2.56892,12.10908],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.323355,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-10-17","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","2026-08-21"],"close":[15.27,18.0291,22.2991,19.1142,15.07,14.1669,15.5679,15.79,15.6855,14.4408,14.5114,16.8,16.6813,15.2783,13.5046,13.5739,11.6931,10.9046,12.18,11.0626,10.3,9.8,8.88,8.7038,9.48,11.3511,13.5596,12.3993,11.598,9.817,8.4107,3.08,4.12,3.2083,3.56,3.4671,3.4471,3.3,3.3581,3.24,3.495,3.88,4.16,3.835,5.23],"consensus":[64.3979,47.1522,80.8535,-20.2804,-39.7704,-38.1007,-8.7849,-11.7816,0.0,-29.5829,-18.6838,44.9125,9.0856,-27.3901,-48.2228,-31.5798,-61.4974,-51.4803,0.0,-45.0372,-36.1934,-42.4698,-58.0694,-39.7145,0.0,30.5592,52.8371,0.0,0.0,-46.1401,-59.875,-77.2731,-28.253,-62.4348,-24.9038,-35.0719,-34.5142,-35.1028,-21.0201,-31.3269,-19.378,0.0,0.0,-18.958,-50.2048],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,-32.0213,-7.6879,-1.4454,0.0,-34.3216,-15.4845,45.8917,3.0741,-31.4021,-49.2538,-25.5099,-55.6791,-49.5479,0.0,-36.0034,-34.1659,-43.6641,-56.0397,-40.261,0.0,27.7876,51.6426,0.0,0.0,-41.9384,-56.4175,-77.3362,-32.7364,-62.1178,-16.5733,-47.241,-40.4529,-45.5634,-23.0831,-38.5324,-30.5183,0.0,0.0,-32.0541,-43.1839],"force":[64.3979,47.1522,80.8535,-20.2804,-45.4855,-24.6649,-4.921,-3.522,0.0,-34.0359,-4.8164,66.1083,2.4408,-56.8803,-55.3951,-14.2887,-81.1589,-48.3104,0.0,-54.8593,-25.7046,-37.6503,-64.5918,-21.0844,0.0,64.0693,67.8915,0.0,0.0,-74.679,-81.5561,-95.729,-26.1111,-60.8844,-13.0259,-12.0391,-10.1325,-16.2215,-4.2735,-14.5899,-8.0943,0.0,0.0,-15.5316,-86.6522],"direction":[null,null,null,null,-35.6881,-54.6455,-37.4009,-29.4941,0.0,-20.9866,-32.2455,28.6534,24.189,-1.7404,-41.9215,-50.8676,-54.103,-55.953,0.0,-48.3456,-46.0027,-44.5473,-55.7302,-52.3972,0.0,9.7908,43.4491,0.0,0.0,-30.557,-48.3399,-64.0183,-61.9605,-63.9047,-61.5171,-37.6163,-45.1428,-36.6345,-36.7293,-35.047,-26.2692,0.0,0.0,-6.4385,-32.1947],"intensity":[null,null,null,null,75.0,60.0,16.6667,14.2857,12.5,33.3333,30.0,54.5455,41.6667,38.4615,71.4286,6.6667,56.25,29.4118,33.3333,31.5789,30.0,19.0476,31.8182,52.1739,20.8333,64.0,73.0769,37.037,32.1429,62.069,90.0,100.0,75.0,33.3333,8.8235,11.4286,2.7778,10.8108,13.1579,12.8205,25.0,19.5122,23.8095,16.2791,61.3636],"confirmation":[43.274,37.7554,48.5398,29.1564,58.3211,79.8754,28.001,26.3426,23.9651,77.53,50.9383,83.003,25.8351,54.9358,83.6342,77.6711,88.367,84.4065,31.9862,82.8489,79.2931,81.4252,86.8119,80.1325,6.9018,78.8424,85.3849,5.597,27.1408,83.6986,87.8734,93.2889,35.5529,87.9367,32.3857,78.3356,78.211,78.4981,52.1692,77.4047,29.5874,4.0191,25.0301,51.0959,85.2833],"persistence":[null,null,100.0,50.0,20.0,0.0,14.2857,25.0,37.5,62.5,87.5,62.5,37.5,37.5,37.5,37.5,50.0,50.0,37.5,62.5,87.5,87.5,87.5,87.5,75.0,50.0,37.5,25.0,12.5,12.5,12.5,12.5,25.0,50.0,75.0,87.5,100.0,100.0,100.0,100.0,100.0,87.5,75.0,75.0,50.0],"assessmentRisk":[null,null,null,null,17.1234,22.435,44.4441,35.5521,13.7412,20.2282,11.4962,2.3475,16.0863,31.7253,1.9197,32.2447,19.1044,24.2057,40.5664,26.187,23.7364,16.0316,20.6699,28.6433,32.8985,29.072,23.522,47.8718,48.8311,19.5711,20.0365,11.3606,35.8451,18.7086,37.0241,27.8633,0.1743,20.0685,4.601,8.1756,11.2583,16.7646,22.3789,28.3228,24.6951],"volumeParticipation":true,"latest":{"consensus":-50.2,"control":-43.2,"force":-86.7,"direction":-32.2,"confirmation":85.3,"persistence":50.0,"assessmentRisk":24.7,"intensity":61.4,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"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":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-50.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-43.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-86.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-32.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"85/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"49.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"29.4%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"30.3","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 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