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positive","kind":"disagreement","expectedDirection":"higher","episodes":4,"completedEpisodes":1,"activeEpisodes":3,"medianExpectedMove":168.8,"averageExpectedMove":168.8,"averageWeeksToLargestMove":10.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":-5.0,"medianReturn":-8.4,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":109.9,"medianReturn":109.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":43.2,"averageExpectedMove":43.2,"averageWeeksToLargestMove":9.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-21.0,"medianReturn":-21.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-40.0,"medianReturn":-40.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":5.2,"sample":1},{"week":2,"averageReturn":-10.8,"sample":1},{"week":3,"averageReturn":-17.9,"sample":1},{"week":4,"averageReturn":-21.0,"sample":1},{"week":5,"averageReturn":-0.6,"sample":1},{"week":6,"averageReturn":-6.5,"sample":1},{"week":7,"averageReturn":-24.8,"sample":1},{"week":8,"averageReturn":-21.9,"sample":1},{"week":9,"averageReturn":-43.2,"sample":1},{"week":10,"averageReturn":-25.9,"sample":1},{"week":11,"averageReturn":-40.0,"sample":1},{"week":12,"averageReturn":-40.0,"sample":1},{"week":13,"averageReturn":-36.7,"sample":1},{"week":14,"averageReturn":-39.4,"sample":1},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","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":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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."},{"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 2.0 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-15","price":448.600006}],"reversal_dangers":[{"date":"2026-05-22","price":471.799988}]}},"smTape":{"available":true,"dates":["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":[185.0,212.0,179.2,170.0,175.5,188.7,177.3,175.0,199.4,209.4,227.8,261.8,375.6,448.6,471.8,400.0,368.3628,354.5792,445.8708,419.3023,337.2424,350.4,255.0,332.6,269.0,269.2,283.8,272.0],"consensus":[81.25,-34.8485,-84.6847,-18.3637,-11.5697,0.0,-9.917,0.0,37.9277,32.6973,49.5009,67.7451,90.3403,70.9754,70.0318,0.0,0.0,-8.0889,60.8378,11.9768,-23.9868,0.0,-58.5291,21.4908,-54.1884,-21.7188,0.0,-31.8097],"supportDates":["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,0.0,-11.6354,0.0,33.2826,26.5753,37.0738,57.8887,89.5432,56.3769,60.7676,0.0,0.0,-4.5531,72.7195,6.7433,-25.3505,0.0,-60.8099,30.7072,-46.3497,-13.1171,0.0,-27.959],"force":[81.25,-34.8485,-84.6847,-18.3637,-7.3541,0.0,-7.3721,0.0,48.4047,30.2356,54.7503,76.8019,99.6285,74.2613,65.586,0.0,0.0,-33.0476,80.1062,21.3128,-36.5347,0.0,-61.4589,67.5005,-81.2061,-3.6526,0.0,-29.2968],"direction":[null,null,null,null,-25.0868,0.0,-9.7709,0.0,35.7529,41.4521,59.9537,72.5404,84.6169,85.3124,83.7949,0.0,0.0,-5.6978,33.4955,41.7363,-13.4656,0.0,-53.8298,21.9064,-43.8486,-44.4536,0.0,-38.0055],"intensity":[null,null,null,null,25.0,40.0,50.0,28.5714,75.0,33.3333,60.0,90.9091,100.0,100.0,78.5714,86.6667,87.5,29.4118,83.3333,68.4211,85.0,71.4286,95.4545,73.913,66.6667,60.0,26.9231,18.5185],"confirmation":[48.6667,33.8182,49.7658,28.543,27.8572,3.6232,48.403,1.225,80.5269,78.4814,84.1896,90.1046,97.2041,91.0347,90.4158,40.1422,7.0277,27.2852,87.8743,7.4445,76.0374,47.3485,86.7838,35.4788,86.2831,51.8638,4.4818,55.0],"persistence":[null,null,33.3333,50.0,60.0,50.0,57.1429,50.0,50.0,25.0,0.0,25.0,50.0,62.5,87.5,87.5,75.0,50.0,50.0,50.0,25.0,12.5,12.5,0.0,12.5,12.5,25.0,50.0],"assessmentRisk":[null,null,null,null,14.7403,43.1506,0.0291,14.3912,23.8312,24.7282,24.9339,16.1178,4.8261,14.5121,14.984,49.8961,9.1266,44.5784,54.8123,12.5665,13.1618,0.6012,20.5031,54.0176,11.0318,32.9407,22.2806,24.2995],"volumeParticipation":true,"latest":{"consensus":-31.8,"control":-28.0,"force":-29.3,"direction":-38.0,"confirmation":55.0,"persistence":50.0,"assessmentRisk":24.3,"intensity":18.5,"evidenceDepth":100},"analysis":{"status":"Completed tape 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":"Completed tape","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-31.8","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-28.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-29.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-38.0","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"52.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"23.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"53.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"31%","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 is rotating through its trend references.","series":[{"label":"Close","values":[185.0,212.0,179.2,170.0,175.5,188.7,177.3,175.0,199.4,209.4,227.8,261.8,375.6,448.6,471.8,400.0,368.3628,354.5792,445.8708,419.3023,337.2424,350.4,255.0,332.6,269.0,269.2,283.8,272.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,183.0241,184.0561,182.8277,181.4045,184.6764,189.1716,196.195,208.1231,238.5735,276.7601,312.2219,328.1816,335.4872,338.9585,358.3971,369.4708,363.6111,361.2091,341.8983,340.2077,327.2609,316.7043,310.7217,303.6814],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,208.342,226.1389,244.336,255.8667,264.1997,270.8945,283.8557,293.8888,297.1002,301.0483,297.6373,300.2271,297.914,295.7871,294.8991,293.2029],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,215.4863,226.5695,248.7986,318.1452,388.131,441.107,459.0252,466.8341,470.8452,490.4764,501.4471,505.5661,510.9234,508.857,508.4837,504.6658,501.2703,495.9134,488.9733],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,158.8137,155.1214,144.7181,102.8856,66.9119,46.5063,48.1123,53.8086,60.2706,59.6197,63.0744,74.1797,82.6624,92.3087,108.942,122.1099,133.5555,149.5623,166.2025],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-15.4717,-19.8113,-17.217,-10.9906,-16.3679,-17.4528,-5.9434,-1.2264,0.0,0.0,0.0,0.0,0.0,-15.2183,-21.924,-24.8454,-5.4958,-11.1271,-28.52,-25.7312,-45.9517,-29.504,-42.9843,-42.9419,-39.8474,-42.3485],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,2.9412,17.2941,23.1765,34.0,54.0,120.9412,163.8824,177.5294,135.2941,116.684,108.576,162.2769,146.6484,98.3779,106.1176,50.0,95.6471,58.2353,58.3529,66.9412,60.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,22.7739,38.4361,52.1197,56.519,56.7978,55.2694,60.7247,62.1873,56.0784,51.7028,40.0751,36.6988,28.5618,21.8771,17.5551,13.0276],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,40.3379,43.3242,46.8043,49.8809,51.1204,51.2369,49.0045,46.5434,42.9471,38.7331,34.4975,30.2035],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,16.4598,11.9452,13.9203,12.3063,4.958,0.4659,-8.9294,-9.8446,-14.3853,-16.856,-16.9423,-17.1759],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"directional","eyebrow":"Trend 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