{"schema_version":"1.0","name":"IREZ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"22e693cb-5cce-48cd-9be5-a2a42c9dc443","symbol":"IREZ","name":"Tradr 2X Short IREN Daily ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range position and boundary pressure, Range pressure and compression, Directional strength and control."},{"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":31,"displayedObservations":31,"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 risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-08-07","2026-08-14","2026-08-21"],"values":[-0.078387,-0.118774,-0.179236],"opens":[16.47,12.28,9.68],"highs":[17.49,13.8,12.5],"lows":[12.0001,7.8401,9.09],"closes":[12.25,10.27,11.22],"hoverRows":[[{"label":"Open","value":"16.5","className":"is-ohlc","compact":true},{"label":"High","value":"17.5","className":"is-ohlc","compact":true},{"label":"Low","value":"12.0","className":"is-ohlc","compact":true},{"label":"Close","value":"12.2","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":"12.3","className":"is-ohlc","compact":true},{"label":"High","value":"13.8","className":"is-ohlc","compact":true},{"label":"Low","value":"7.84","className":"is-ohlc","compact":true},{"label":"Close","value":"10.3","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":"9.68","className":"is-ohlc","compact":true},{"label":"High","value":"12.5","className":"is-ohlc","compact":true},{"label":"Low","value":"9.09","className":"is-ohlc","compact":true},{"label":"Close","value":"11.2","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":[10.1512,12.3688],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted 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":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics weakened this week and remains below zero.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":27,"relationship":{"sameWeekCorrelation":0.25,"sample":0,"correlationSample":26,"label":"Meaningful 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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":"negative","direction":"weakening","zone":"middle","zoneContext":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"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":"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":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[65.04,63.45,91.8,82.98,90.75,82.89,92.34,68.79,67.71,90.06,87.21,67.2,42.0,36.03,42.54,20.73,25.95,20.7,15.33,19.8,14.88,14.7,22.83,32.4,26.04,37.665,26.27,16.25,12.25,10.27,11.22],"consensus":[-59.0743,13.9656,9.9957,0.0,46.9771,8.9077,24.1436,-39.8826,-12.5849,39.7779,0.0,-33.3242,-62.8617,-48.0518,-23.6572,-69.7156,-11.6448,-45.3807,-45.0505,0.0,-43.7562,-22.108,12.6538,27.4772,-8.5729,37.5107,-18.5725,-36.7192,-38.5632,-31.1616,-18.0584],"supportDates":["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,1.7793,29.0887,-34.2269,-2.833,40.9724,0.0,-35.1294,-58.2219,-41.1417,-14.8802,-62.6346,-5.6466,-48.0085,-41.9841,0.0,-46.8055,-21.3869,10.211,27.3542,-12.942,34.5672,-21.387,-36.8591,-46.8474,-29.5131,-12.2651],"force":[-59.0743,13.9656,9.9957,0.0,23.7584,2.6324,17.2583,-70.9985,-3.7472,56.5157,0.0,-53.898,-79.8743,-36.9688,-6.4257,-83.8781,-24.8972,-40.448,-38.8538,0.0,-40.1314,-1.7642,51.0779,51.7235,-14.1905,55.2452,-34.0144,-40.0494,-28.0458,-17.3426,-1.5714],"direction":[null,null,null,null,63.5619,29.3644,23.4102,-24.1207,-30.0426,26.4571,0.0,-16.5655,-56.0124,-63.8656,-55.1759,-67.6921,-44.6012,-45.9008,-52.9812,0.0,-42.8605,-37.4634,12.0003,10.2991,-0.433,28.2073,-4.326,-34.1807,-36.6079,-42.9163,-36.4556],"intensity":[null,null,null,null,25.0,40.0,33.3333,85.7143,62.5,55.5556,90.0,72.7273,83.3333,69.2308,7.1429,40.0,37.5,11.7647,38.8889,5.2632,10.0,14.2857,31.8182,39.1304,16.6667,44.0,42.3077,40.7407,75.0,3.4483,3.3333],"confirmation":[41.5704,27.1356,25.8653,1.0806,59.3046,26.2694,75.4408,81.7969,26.5731,81.2208,3.0336,79.2632,88.7049,83.1441,53.4914,90.8485,8.0155,82.3314,82.274,7.1989,81.8451,51.7989,30.4842,77.5335,48.2737,80.5888,51.7042,79.8495,79.8935,77.5757,50.6978],"persistence":[null,null,33.3333,25.0,40.0,50.0,57.1429,37.5,37.5,37.5,25.0,12.5,12.5,37.5,62.5,62.5,62.5,87.5,100.0,87.5,87.5,87.5,62.5,37.5,37.5,12.5,12.5,25.0,25.0,25.0,50.0],"assessmentRisk":[null,null,null,null,24.0613,39.9837,9.951,16.4663,39.8218,2.0815,15.8168,11.4685,14.5522,25.8759,37.8252,15.0106,34.6607,17.5073,25.5755,0.6295,13.7408,11.3667,24.2613,26.65,43.9731,30.6971,27.1464,28.6789,28.4286,34.3721,39.5716],"volumeParticipation":true,"latest":{"consensus":-18.1,"control":-12.3,"force":-1.6,"direction":-36.5,"confirmation":50.7,"persistence":50.0,"assessmentRisk":39.6,"intensity":3.3,"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 downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-18.1","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-12.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-1.6","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-36.5","detail":"Downward 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