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The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":60.0,"averageReturn":1.4,"sample":5},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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, 60.0% of comparable cases moved lower after 12 weeks, with an average move of 1.4% across 5 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 2 cases. Distinct visits lasted 1.5 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 8.1% across 5 completed cases, with the largest move arriving after 5.4 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":[],"distribution_rollovers":[{"date":"2025-07-25","price":105.779999}],"price_pressure_gaps":[{"date":"2025-07-11","price":112.18}]}},"smTape":{"available":true,"dates":["2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","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","2025-10-17","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"],"close":[124.84,143.99,144.13,131.67,129.84,128.17,116.32,120.99,112.32,114.91,112.09,106.85,105.55,87.27,97.24,96.25,102.44,100.61,96.69,95.79,108.25,103.38,100.52,97.32,104.71,111.24,111.26,108.74,107.44,110.26,105.93,106.55,112.18,110.66,105.78,104.53,101.84,100.8,103.31,102.95,104.06,103.26,104.03,99.38,97.6,99.58,100.01,101.48,103.14,98.96,98.48,97.13,94.95,91.21,91.53,89.92,92.98,97.11,90.76,92.4,90.3,86.17,87.1,89.01,90.29,90.14,87.94,98.15,101.1,95.06,97.22,97.17,111.96,110.31,109.85,107.53,107.99,104.39,103.52,100.86,98.33,96.04,95.72,95.44,94.1,91.97,96.32,90.03,91.5,91.93],"consensus":[28.2692,27.5279,-26.3999,-48.8078,0.0,-18.5824,-45.9723,0.0,-45.5467,-9.5289,-27.9626,-40.0614,-25.369,-77.424,0.0,-33.0854,0.0,-9.5266,-29.2098,0.0,40.5383,-17.6948,-15.2881,-19.4606,20.1415,39.9932,11.1846,0.0,0.0,20.8925,-23.2773,0.0,39.7818,0.0,-23.8607,-18.65,-33.9043,-31.0493,0.0,-8.1185,0.0,-8.5358,0.0,-43.3906,-36.831,0.0,0.0,9.5107,19.4975,-34.0151,-15.0225,-36.7058,-41.7134,-55.825,-21.7911,-45.7491,0.0,40.0425,-48.1843,10.2551,-33.4544,-59.3384,-18.7594,0.0,0.0,0.0,-8.9556,57.372,56.1628,-17.0166,35.6384,0.0,75.8635,21.003,21.6294,10.3386,13.3243,-19.8758,0.0,-21.7328,-26.9144,-29.494,-27.4669,-36.3582,-30.4807,-47.0305,21.2563,-60.2996,-11.4154,-18.7629],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","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"],"control":[0.0,-7.292,0.0,-16.3508,0.0,-48.3842,-39.5184,0.0,0.0,9.6673,12.2629,-41.3773,-15.2904,-42.5227,-40.2766,-57.5179,-11.6392,-47.6967,0.0,36.9045,-56.5703,9.7983,-34.9101,-57.1377,-14.8386,0.0,0.0,0.0,-8.404,44.2861,48.1441,-24.0149,27.6635,0.0,72.2035,10.9117,8.0326,1.5012,17.1309,-20.5789,0.0,-21.1327,-23.5055,-25.3514,-23.1251,-40.286,-28.9058,-51.4908,19.4625,-61.1878,-3.8212,-23.3107],"force":[0.0,-3.393,0.0,-8.8661,0.0,-55.7315,-29.8024,0.0,0.0,17.8387,29.8007,-46.7863,-6.712,-32.1193,-39.3418,-57.3446,-1.7791,-31.9854,0.0,70.9246,-61.0657,36.5974,-30.202,-71.3799,-6.7616,0.0,0.0,0.0,-1.0472,89.6075,69.6534,-67.4788,42.9938,0.0,97.7758,22.4427,9.5416,27.7077,2.7615,-47.0522,0.0,-22.8493,-19.8868,-17.1088,-10.8752,-21.6332,-13.5478,-37.4453,69.4097,-72.3966,-14.8581,-1.2613],"direction":[0.0,-12.4385,0.0,-0.6316,0.0,-28.8688,-38.7801,0.0,0.0,3.3833,20.4061,-16.4788,-20.6523,-33.3339,-45.0495,-52.8049,-50.229,-53.3545,0.0,21.5699,-29.3993,8.0388,-34.1139,-53.2523,-41.4696,0.0,0.0,0.0,-15.2348,49.3019,55.6907,-27.0259,39.4988,0.0,64.3947,63.5685,59.4335,51.0458,20.4636,-0.3394,0.0,-21.6212,-35.83,-43.0749,-44.28,-42.3873,-44.3756,-48.7795,11.089,-50.6437,-38.8614,-26.0667],"intensity":[13.1579,2.5641,10.0,2.439,21.4286,44.186,36.3636,13.3333,2.1739,17.0213,41.6667,44.898,34.0,7.8431,32.6923,36.5385,34.6154,13.4615,40.3846,53.8462,78.8462,63.4615,19.2308,57.6923,71.1538,28.8462,9.6154,7.6923,76.9231,100.0,94.2308,84.6154,30.7692,71.1538,98.0769,96.1538,69.2308,88.4615,7.6923,67.3077,53.8462,80.7692,36.5385,42.3077,15.3846,9.6154,26.9231,30.7692,71.1538,88.4615,78.8462,15.3846],"confirmation":[3.314,25.1332,23.9251,48.0905,0.8666,82.185,79.5308,4.2353,25.5833,48.6282,74.6634,79.1619,49.8832,79.5174,81.2979,85.8845,52.1224,82.1906,7.863,81.8026,83.6838,28.473,78.5841,87.3888,52.0608,5.5886,27.1632,24.7532,47.9665,87.5408,86.5054,35.3087,79.75,48.5771,92.9999,33.0051,30.8808,8.5605,49.638,52.5835,25.4138,74.9977,76.4504,77.1237,76.3499,79.126,77.2618,82.6897,33.3292,87.651,6.1377,58.7348],"persistence":[37.5,50.0,62.5,75.0,62.5,62.5,62.5,50.0,50.0,25.0,12.5,12.5,25.0,25.0,25.0,37.5,50.0,75.0,87.5,62.5,62.5,37.5,37.5,37.5,37.5,25.0,25.0,37.5,37.5,37.5,12.5,12.5,12.5,12.5,25.0,37.5,62.5,62.5,62.5,62.5,50.0,37.5,12.5,12.5,37.5,62.5,87.5,87.5,75.0,75.0,75.0,75.0],"assessmentRisk":[35.1224,21.2936,31.3316,39.5719,13.8629,21.6254,30.7467,44.1023,44.0743,35.0564,39.8832,3.034,23.0915,30.3202,29.1069,22.0113,38.931,27.0076,37.2026,29.2158,10.9752,29.407,19.8038,20.2773,33.594,38.5042,3.32,43.9138,18.9195,20.3179,21.487,49.2486,30.9875,16.5673,10.3377,39.1634,38.4556,42.9263,38.546,29.895,37.3789,31.099,34.7321,32.2725,33.2159,23.6963,21.615,26.4081,4.4047,18.8269,33.3399,8.575],"volumeParticipation":true,"latest":{"consensus":-18.8,"control":-23.3,"force":-1.3,"direction":-26.1,"confirmation":58.7,"persistence":75.0,"assessmentRisk":8.6,"intensity":15.4,"evidenceDepth":100},"analysis":{"status":"Joint 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 easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-18.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-23.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-1.3","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-26.1","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"59/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"43.1","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"12.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"22%","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 downward.","series":[{"label":"Close","values":[124.84,143.99,144.13,131.67,129.84,128.17,116.32,120.99,112.32,114.91,112.09,106.85,105.55,87.27,97.24,96.25,102.44,100.61,96.69,95.79,108.25,103.38,100.52,97.32,104.71,111.24,111.26,108.74,107.44,110.26,105.93,106.55,112.18,110.66,105.78,104.53,101.84,100.8,103.31,102.95,104.06,103.26,104.03,99.38,97.6,99.58,100.01,101.48,103.14,98.96,98.48,97.13,94.95,91.21,91.53,89.92,92.98,97.11,90.76,92.4,90.3,86.17,87.1,89.01,90.29,90.14,87.94,98.15,101.1,95.06,97.22,97.17,111.96,110.31,109.85,107.53,107.99,104.39,103.52,100.86,98.33,96.04,95.72,95.44,94.1,91.97,96.32,90.03,91.5,91.93],"stroke":"#10243b","width":2.1},{"label":"Fast 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