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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":27.8,"averageExpectedMove":27.8,"averageWeeksToLargestMove":11.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-19.4,"medianReturn":-19.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-27.1,"medianReturn":-27.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-37.6,"medianReturn":-37.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-14.4,"sample":1},{"week":2,"averageReturn":-11.1,"sample":1},{"week":3,"averageReturn":-17.4,"sample":1},{"week":4,"averageReturn":-19.4,"sample":1},{"week":5,"averageReturn":-18.8,"sample":1},{"week":6,"averageReturn":-19.1,"sample":1},{"week":7,"averageReturn":-20.9,"sample":1},{"week":8,"averageReturn":-19.8,"sample":1},{"week":9,"averageReturn":-23.8,"sample":1},{"week":10,"averageReturn":-26.5,"sample":1},{"week":11,"averageReturn":-27.8,"sample":1},{"week":12,"averageReturn":-27.1,"sample":1},{"week":13,"averageReturn":-27.9,"sample":1},{"week":14,"averageReturn":-26.9,"sample":1},{"week":15,"averageReturn":-25.6,"sample":1},{"week":16,"averageReturn":-28.7,"sample":1},{"week":17,"averageReturn":-27.0,"sample":1},{"week":18,"averageReturn":-30.2,"sample":1},{"week":19,"averageReturn":-29.4,"sample":1},{"week":20,"averageReturn":-25.6,"sample":1},{"week":21,"averageReturn":-32.7,"sample":1},{"week":22,"averageReturn":-36.6,"sample":1},{"week":23,"averageReturn":-33.6,"sample":1},{"week":24,"averageReturn":-37.6,"sample":1},{"week":25,"averageReturn":-37.1,"sample":1},{"week":26,"averageReturn":-37.6,"sample":1}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"accumulation","zoneContext":"Price is within accumulation conditions while Market Dynamics is improving. A green marker is required before the recovery is treated as confirmed.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":44.4,"averageReturn":6.6,"sample":18},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but 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, 44.4% of comparable cases moved lower after 12 weeks, with an average move of 6.6% across 18 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 3 cases. Distinct visits lasted 2.2 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 9.8% across 20 completed cases, with the largest move arriving after 6.9 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."},{"eyebrow":"Position management","title":"Size for the path, not only the eventual long reward","tone":"positive","finding":"Across 1 completed accumulation cycles, the average gross long opportunity was 57.1%, while the average adverse move was 0.0%.","approach":"Scale exposure only as confirmation improves, and keep enough risk capacity to survive the ticker's observed adverse path.","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":[{"date":"2026-04-24","price":116.190002}],"distribution_rollovers":[{"date":"2025-09-26","price":141.220001}],"price_pressure_gaps":[{"date":"2025-09-19","price":165.029999}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","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":[137.7604,133.2188,133.5847,139.0929,129.0113,127.7398,125.7598,125.1095,123.8671,115.8597,125.1386,123.6439,124.3136,121.6833,127.2836,135.4949,130.5448,128.2057,126.5363,128.1669,120.2759,119.2859,115.6947,115.5977,115.9762,115.3453,115.0056,111.9968,115.685,113.443,119.4412,113.1906,117.4321,117.335,123.0615,117.2186,113.2197,110.075,123.4304,125.0124,132.9616,139.5034,134.3981,131.3892,135.5045,142.0658,135.4657,137.2516,131.2437,130.9719,132.7189,131.0495,136.2228,140.4352,150.1023,145.4434,165.03,141.22,146.71,136.38,133.04,133.93,133.56,130.53,132.42,125.8,121.3,119.21,120.29,119.02,120.69,122.71,117.61,120.4,115.12,116.49,122.78,111.09,104.65,109.66,102.93,103.83,102.93,98.07,102.76,110.99,115.56,116.19,116.87,123.21,119.85,125.45,116.87,112.77,108.69,110.52,112.36,110.28,105.77,103.7,106.47,108.24,111.18,104.09],"consensus":[58.1832,0.0,11.3807,47.8312,-42.1337,-21.6163,-21.959,-13.1117,-23.5526,-55.4578,19.4728,-17.0522,0.0,-11.3579,24.9054,54.2448,0.0,0.0,-11.9647,0.0,-47.1641,-22.2744,-42.4171,-23.6643,-22.1666,-18.6028,-11.8325,-31.3223,0.0,-29.0405,29.5158,-33.6723,16.1772,13.5523,32.9271,-20.9918,-31.4136,-34.6554,49.7957,28.934,44.4471,63.4607,0.0,0.0,40.1191,57.7208,-14.567,29.1814,-26.2343,-13.817,10.8266,-18.4419,34.3814,38.0839,66.5099,0.0,76.3977,-35.7175,24.4588,-41.8807,-35.7302,-21.135,-28.181,-32.3859,0.0,-46.544,-45.1059,-43.1416,-22.3189,-31.0394,-13.3877,0.0,-44.9318,0.0,-44.6852,-17.0689,30.9409,-58.7402,-66.9715,0.0,-51.3298,-14.7696,-18.6841,-60.2793,0.0,39.9927,42.473,24.0407,22.1559,53.9592,0.0,53.4495,-24.7667,-30.8822,-28.9129,-19.4532,0.0,-25.3807,-25.6562,-39.2723,0.0,0.0,26.5301,-42.2122],"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":[27.9888,26.2741,63.8186,0.0,75.0861,-39.6358,27.5151,-42.0222,-33.8185,-20.6016,-26.6504,-34.0329,0.0,-42.806,-41.414,-44.4406,-12.2066,-27.9706,-12.2678,0.0,-54.0522,0.0,-47.0668,-10.8297,31.8559,-49.7214,-67.3621,0.0,-48.1849,-4.8467,-13.9528,-64.8291,0.0,38.4636,40.9131,15.1193,13.1226,52.7377,0.0,50.4502,-31.1658,-35.6106,-25.7411,-15.8541,0.0,-33.2778,-26.1479,-41.0628,0.0,0.0,24.2608,-41.4907],"force":[56.1623,54.5759,85.5654,0.0,95.1193,-86.58,39.2234,-63.7819,-32.0303,-9.9512,-20.6933,-26.1993,0.0,-55.3903,-39.6978,-25.1706,-2.5387,-13.4114,-8.1073,0.0,-40.9034,0.0,-42.4594,-4.0555,57.2442,-89.6919,-83.3427,0.0,-49.0641,-14.1634,-1.3836,-60.1839,0.0,71.0223,49.6313,13.8716,8.4971,56.0512,0.0,60.0449,-62.2497,-34.139,-24.0733,-8.1232,0.0,-20.8035,-13.5633,-28.107,0.0,0.0,42.2423,-72.45],"direction":[26.1293,39.8007,55.9747,0.0,64.524,-5.091,10.4199,-26.0753,-40.5579,-29.7331,-35.2785,-34.9226,0.0,-44.4973,-53.1882,-54.4933,-51.6312,-47.138,-30.0213,0.0,-37.386,0.0,-43.5532,-39.2883,11.1073,-46.939,-54.8312,0.0,-56.5423,-46.7765,-36.4488,-55.1476,0.0,19.5763,39.1427,41.5003,42.236,53.861,0.0,52.1661,-9.3201,-23.1522,-35.9947,-31.6594,0.0,-19.625,-33.732,-45.2011,0.0,0.0,17.9006,-21.4383],"intensity":[42.3077,84.6154,84.6154,34.6154,100.0,100.0,96.1538,84.6154,76.9231,7.6923,9.6154,32.6923,5.7692,67.3077,69.2308,19.2308,9.6154,1.9231,17.3077,11.5385,44.2308,19.2308,50.0,17.3077,67.3077,92.3077,96.1538,42.3077,71.1538,28.8462,9.6154,42.3077,40.3846,78.8462,40.3846,36.5385,32.6923,63.4615,28.8462,61.5385,80.7692,92.3077,61.5385,28.8462,21.1538,21.1538,71.1538,21.1538,73.0769,40.3846,28.8462,76.9231],"confirmation":[79.7632,80.8694,89.9049,10.8495,93.0378,59.3394,76.2302,82.0671,79.35,74.4305,76.813,78.1498,4.1969,83.2207,82.3253,81.2378,52.4135,77.4421,28.0423,4.1235,82.1164,4.6554,82.1951,51.1118,78.6888,87.8776,89.9238,8.7577,84.4044,7.0172,50.8571,87.2171,31.0229,81.7666,81.8333,75.5191,74.8113,85.3493,6.4946,85.3505,33.6251,77.9095,77.153,73.9346,24.6204,75.862,75.834,80.1996,7.3767,3.4612,77.0031,90.4404],"persistence":[0.0,0.0,25.0,12.5,37.5,37.5,37.5,37.5,12.5,12.5,37.5,50.0,62.5,62.5,87.5,87.5,87.5,87.5,87.5,75.0,87.5,75.0,75.0,75.0,50.0,50.0,50.0,50.0,50.0,62.5,62.5,62.5,75.0,50.0,25.0,12.5,12.5,37.5,50.0,75.0,62.5,37.5,12.5,12.5,25.0,50.0,62.5,87.5,75.0,62.5,37.5,37.5],"assessmentRisk":[21.3981,29.4473,16.6612,48.8049,11.7797,21.8689,29.0086,15.0941,31.9691,20.8656,29.4128,10.3628,2.3214,10.4578,19.7721,20.3337,31.9167,21.8844,0.9586,36.2151,14.6927,21.2319,24.9619,39.4898,28.6748,18.8167,15.419,42.4848,24.2922,37.0891,6.863,18.7853,4.4454,22.1993,27.404,37.8017,38.2094,21.6447,32.6463,21.7505,12.3834,33.257,34.4127,40.0216,34.2961,11.6082,16.6902,26.9712,43.2666,19.821,31.0181,25.7824],"volumeParticipation":true,"latest":{"consensus":-42.2,"control":-41.5,"force":-72.4,"direction":-21.4,"confirmation":90.4,"persistence":37.5,"assessmentRisk":25.8,"intensity":76.9,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-42.2","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-41.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-72.4","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-21.4","detail":"Downward 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