{"schema_version":"1.0","name":"NUGT Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"2e8640df-badf-4d6b-8c83-b0d488be1b49","symbol":"NUGT","name":"Direxion Daily Gold Miners Index Bull 2X Shares","exchange":"MEX","country":"MX","asset_type":"etf","currency":"MXN","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, Acceleration, deceleration and rollover, Strength versus the research benchmark, Activity pressure and cumulative balance, Drawdown and recovery pressure, 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":68,"displayedObservations":68,"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":["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"],"values":[-0.089591,-0.056911,-0.055276,-0.051758,0.147072,0.268982,0.323921,0.360356,0.502037,0.584452,0.659532,0.661802,0.617374,0.559018,0.659812,0.534719,0.159335,-0.263443,-0.747373,-0.970845,-1.014522,-0.959046,-0.854634,-0.930977,-0.896839,-0.971135,-1.067267,-1.066749,-1.220358,-1.45713,-1.709615,-2.16608,-2.263785,-2.248374,-2.284194,-2.342213,-2.396246,-1.804875,-1.137013,-0.378306],"opens":[2694.681077,2744.582595,3207.668324,2919.23781,3328.430037,3637.819437,3631.654931,3535.229285,4043.256395,4122.105469,5312.825072,3992.353793,4057.229719,4330.216797,4820.767316,5389.677921,4307.749756,3563.355369,2657.310697,3054.0,3500.0,3700.0,3760.445801,3305.118363,2846.795235,3568.289862,2956.633149,2730.966309,2596.165464,2196.755392,2446.386719,2200.0,2200.0,2060.0,1800.0,1804.0,1960.0,1970.0,2619.0,2888.0],"highs":[2784.503662,3150.780643,3207.668324,3395.297993,3503.085205,3690.735009,3658.982478,3812.69801,4221.91446,4889.635254,5391.674063,4191.971504,4491.398294,4516.350586,5359.735352,5389.677921,4423.52832,3589.126081,3015.0,3760.0,3840.0,3899.0,3760.445801,3305.118363,3421.076981,3569.72768,2956.633149,2945.649414,2596.165464,2328.560716,2446.386719,2200.0,2200.0,2060.0,1839.98999,2110.01001,2030.0,2776.0,2853.25,3535.0],"lows":[2472.120257,2734.602295,2903.269224,2904.267359,3177.727508,3604.097479,3287.703543,3493.30957,4027.286979,4122.105469,3672.965545,3642.024902,4057.229719,3864.598553,4790.824662,4081.183778,3583.137617,2544.127547,2657.310697,3042.0,3360.0,3600.0,3233.224609,2850.789551,2800.863077,2853.784932,2621.128667,2656.07699,2296.60791,2196.755392,2446.386719,2169.0,2200.0,2030.0,1783.51001,1804.0,1900.0,1970.0,2612.0,2700.0],"closes":[2566.933105,3143.794434,3019.040527,3360.366943,3503.085205,3659.601318,3373.539063,3811.939453,4122.105469,4889.635254,3843.638672,3932.468506,4330.216797,4516.350586,5359.735352,4147.057617,3615.475586,2606.009033,2977.0,3667.72998,3786.0,3899.0,3385.000488,2965.619873,3312.108154,2855.781982,2730.966309,2945.649414,2296.60791,2296.60791,2446.386719,2169.0,2200.0,2044.349976,1839.98999,1983.5,1900.0,2746.840088,2733.0,3519.26001],"hoverRows":[[{"label":"Open","value":"2,695","className":"is-ohlc","compact":true},{"label":"High","value":"2,785","className":"is-ohlc","compact":true},{"label":"Low","value":"2,472","className":"is-ohlc","compact":true},{"label":"Close","value":"2,567","className":"is-ohlc","compact":true},{"label":"Market 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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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 13.3% across 2 completed cases, with the largest move arriving after 3.0 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-02-27","price":5359.735352}],"reversal_dangers":[{"date":"2026-03-06","price":4147.057617}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[71.6417,1167.6648,1382.2358,1355.2896,1432.136,1546.9064,1463.0741,1317.3997,1387.2617,1396.244,1342.6996,1456.1257,1392.2518,1696.651,1666.7101,1808.9294,1966.119,2177.7014,2385.2917,2561.9429,2694.6809,2867.3403,2774.5234,2933.2202,2602.7126,2405.6714,2419.2246,2904.2673,2566.9331,3143.7944,3019.0405,3360.3669,3503.0852,3659.6013,3373.5391,3811.9395,4122.1055,4889.6353,3843.6387,3932.4685,4330.2168,4516.3506,5359.7354,4147.0576,3615.4756,2606.009,2977.0,3667.73,3786.0,3899.0,3385.0005,2965.6199,3312.1082,2855.782,2730.9663,2945.6494,2296.6079,2296.6079,2446.3867,2169.0,2200.0,2044.35,1839.99,1983.5,1900.0,2746.8401,2733.0,3519.26],"consensus":[51.4157,-17.1172,100.0,22.8568,72.2924,82.3428,19.6696,-11.5308,36.7166,37.78,0.0,64.5665,8.8265,88.9645,41.4786,80.6441,83.1875,79.1673,80.0933,85.5045,75.0296,64.1429,10.1172,52.1033,-18.6239,-16.3306,0.0,59.4157,-13.3948,69.531,17.5992,69.6813,59.7563,56.9112,0.0,70.4404,61.0213,86.3582,-16.5658,20.0757,45.4909,33.9204,76.9109,-27.1539,-52.4783,-75.527,-9.2752,24.1579,17.8423,29.5092,-34.0852,-55.8108,0.0,-57.3569,-41.5979,0.0,-72.8099,-26.1372,-22.4318,-55.2846,-25.3951,-39.1149,-31.2294,-14.5763,-45.7859,58.6004,24.5576,-75.4433],"supportDates":["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","2026-08-21"],"control":[88.4576,85.434,91.9473,88.0416,69.1828,57.3224,0.7013,34.5672,-18.3397,-2.689,0.0,73.7925,-17.1022,78.808,8.1339,72.8369,67.5862,51.1813,0.0,80.4266,53.3302,91.7878,-30.7293,19.3938,53.2039,52.2027,85.6825,-37.1526,-47.18,-74.2143,-6.4596,33.5006,22.9373,32.0672,-39.8287,-51.9072,0.0,-56.1817,-40.3306,0.0,-73.8471,-16.1052,-18.3556,-62.9615,-25.9687,-38.2335,-18.3021,-10.3386,-53.9199,53.0338,19.9126,-74.3159],"force":[94.1991,77.7079,65.9355,92.2205,78.874,53.8907,58.9221,57.6635,-80.8762,-47.4562,0.0,75.5182,-37.2555,75.0837,11.6209,85.1884,48.2748,62.0677,0.0,72.3879,70.8359,98.8865,-70.8787,10.1055,38.9501,21.8739,81.1625,-68.5701,-80.7527,-95.6651,-33.0688,72.1141,28.8035,33.1738,-59.1725,-68.4634,0.0,-65.8899,-29.2702,0.0,-88.1783,-0.4067,-3.4117,-37.5993,-0.1127,-23.5603,-9.9672,-21.6582,-26.6655,96.799,12.0066,-96.7038],"direction":[69.2991,73.0477,76.6587,77.808,78.9655,79.2609,71.795,68.173,-25.5172,-9.6885,0.0,31.4833,-7.8856,54.9624,49.288,54.9984,59.0089,59.7765,0.0,57.6366,62.8007,71.2042,-38.416,27.9767,41.3481,21.631,63.8493,-13.8562,-38.3374,-62.6428,-57.5036,20.774,4.1901,23.968,-9.6015,-51.2346,0.0,-52.605,-51.8517,0.0,-60.6471,-56.5624,-45.5498,-59.1432,-42.7986,-51.2326,-61.1907,-45.3012,-50.1473,37.6775,38.8312,-61.5459],"intensity":[81.25,88.2353,77.7778,63.1579,95.0,85.7143,77.2727,78.2609,95.8333,96.0,3.8462,88.8889,85.7143,93.1034,43.3333,83.871,71.875,84.8485,73.5294,85.7143,91.6667,97.2973,97.3684,100.0,72.5,41.4634,92.8571,100.0,90.9091,91.1111,78.2609,82.9787,56.25,44.898,74.0,68.6275,61.5385,71.1538,84.6154,34.6154,84.6154,42.3077,40.3846,44.2308,3.8462,15.3846,32.6923,40.3846,5.7692,88.4615,80.7692,86.5385],"confirmation":[94.8753,93.1936,93.0178,95.5275,92.2157,88.3172,14.018,85.1097,35.9715,51.7156,2.7045,87.2847,51.9726,90.2778,30.0312,90.7225,86.6528,86.4561,10.0754,90.4481,87.9431,95.9337,37.6026,74.1308,82.2402,78.2088,92.6074,35.4217,85.7355,92.8024,10.3501,36.1481,51.2993,77.5156,79.5843,86.3045,32.8724,86.6322,80.9549,31.1848,91.7517,53.1279,52.5138,85.0351,52.6805,80.0561,77.5424,30.9118,81.9448,88.0011,75.5467,92.807],"persistence":[87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,37.5,37.5,12.5,12.5,12.5,12.5,37.5,62.5,62.5,62.5,87.5,87.5,62.5,62.5,62.5,62.5,75.0,50.0,25.0,0.0,0.0,0.0,0.0,0.0,25.0,25.0,12.5,12.5,12.5,25.0,50.0,75.0,75.0,75.0,87.5,87.5,87.5,100.0,100.0,75.0,50.0,25.0],"assessmentRisk":[8.4001,10.3678,9.9515,7.247,12.4851,17.9282,44.7891,23.8216,16.0766,41.2931,49.3875,36.9586,1.0721,14.8427,40.0408,11.556,20.0067,19.1816,40.3246,9.7777,17.6248,6.7569,46.8065,2.7866,1.3315,51.6724,11.4053,31.0465,15.155,11.9255,45.2808,41.995,3.2823,33.0676,44.8314,13.2581,36.0399,18.238,19.0806,4.7029,12.2261,28.7598,20.2958,20.8351,2.6108,14.8965,32.8867,21.673,17.6425,18.9588,37.296,12.2425],"volumeParticipation":true,"latest":{"consensus":-75.4,"control":-74.3,"force":-96.7,"direction":-61.5,"confirmation":92.8,"persistence":25.0,"assessmentRisk":12.2,"intensity":86.5,"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":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-75.4","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-74.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-96.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-61.5","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"93/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"59.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"12.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"20.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"48%","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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tape.","series":[{"label":"Drawdown","values":[0.0,0.0,0.0,-1.9495,0.0,0.0,-5.4194,-14.8365,-10.3203,-9.7396,-13.201,-5.8685,-9.9977,0.0,-1.7647,0.0,0.0,0.0,0.0,0.0,0.0,0.0,-3.237,0.0,-11.2677,-17.9853,-17.5233,-0.9871,-12.4875,0.0,-3.9683,0.0,0.0,0.0,-7.8168,0.0,0.0,0.0,-21.3921,-19.5754,-11.4409,-7.6342,0.0,-22.6257,-32.5438,-51.378,-44.4562,-31.5688,-29.3622,-27.2539,-36.8439,-44.6685,-38.2039,-46.7179,-49.0466,-45.0411,-57.1507,-57.1507,-54.3562,-59.5316,-58.9532,-61.8573,-65.6701,-62.9926,-64.5505,-48.7505,-49.0087,-34.3389],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,1738.8719,1836.3878,1848.9256,1774.1864,1932.5105,1843.3531,2268.244,2226.4514,2424.9661,2644.3768,2939.7108,3229.4725,3476.0483,3661.3286,3902.3326,3772.7755,3994.29,3532.9561,3257.9191,107.1849,120.4545,94.8485,138.6363,129.1666,155.0757,165.9091,172.5555,151.2505,183.9011,196.0747,251.2034,130.6123,135.942,139.3801,129.7089,146.1189,73.8596,50.2897,8.3277,23.7492,52.4618,57.3781,62.0753,40.7092,22.5856,29.0298,11.2527,4.795,13.033,0.0,0.0,6.5217,0.0,1.4292,0.0,0.0,7.7995,3.2614,49.2856,48.5334,91.2652],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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