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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":"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":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 3.3% across 1 completed cases, with the largest move arriving after 6.0 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":[],"reversal_dangers":[]}},"smTape":{"available":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"],"close":[14.998,14.998,14.998,14.998,14.998,16.824,16.824,25.135,27.91,27.91,27.91,33.625,30.965,29.74,32.55,29.72,29.72,26.72,26.245,26.245,26.245,28.455,28.08,28.155,27.495,29.7,28.03,28.03,27.42,30.385,30.705,28.36,26.8,26.8,26.8,22.055,22.055,17.4,18.104],"consensus":[-81.3122,0.0,0.0,0.0,0.0,34.8791,13.5242,76.3336,57.0679,41.6564,40.9278,71.4493,12.3358,0.0,74.176,-12.4982,13.718,-41.5271,-18.4925,-13.1815,-13.6088,39.8255,0.0,9.344,-11.983,45.7773,-20.2747,0.0,-10.2765,24.0381,30.2905,-14.1365,-30.5897,-25.9626,-25.6453,-80.4863,-41.5805,-84.3051,-31.3063],"supportDates":["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":[null,null,null,null,null,39.4677,9.2527,69.217,57.5944,32.6993,31.9299,78.7333,8.6275,0.0,72.3312,-1.7547,21.63,-35.3505,-6.3781,-4.7566,-4.3951,49.5637,0.0,5.4246,-24.0635,45.7331,-18.3485,0.0,-10.0825,23.153,29.9994,-18.953,-33.6531,-18.2913,-17.1486,-77.3384,-34.5835,-83.12,-26.4822],"force":[-81.3122,0.0,0.0,0.0,0.0,43.3941,6.8367,93.1572,30.1646,10.3047,10.3479,49.875,25.3791,0.0,84.4941,-64.0584,3.5053,-85.8182,-24.5621,-8.429,-8.721,48.5361,0.0,2.4748,-18.3828,69.9011,-50.8182,0.0,-8.8936,17.8791,13.7181,-23.056,-22.713,-9.9801,-10.1989,-99.3902,-10.3244,-94.348,-25.4982],"direction":[null,null,null,null,0.0,23.5527,23.1828,72.4499,75.6828,74.2871,73.0538,78.535,63.233,0.0,68.9143,-12.0521,16.9782,-16.9496,-28.0021,-26.2045,-27.63,22.4743,0.0,18.7299,-6.3944,28.5967,-0.6593,0.0,-11.4861,29.449,42.4606,-2.2609,-32.7149,-46.1458,-46.3891,-70.5811,-71.9027,-78.486,-77.3942],"intensity":[null,null,null,null,75.0,80.0,66.6667,100.0,100.0,55.5556,40.0,81.8182,66.6667,61.5385,64.2857,66.6667,31.25,70.5882,72.2222,31.5789,25.0,52.381,45.4545,26.087,29.1667,56.0,53.8462,22.2222,28.5714,82.7586,26.6667,67.7419,46.875,18.1818,20.5882,88.5714,88.8889,89.1892,71.0526],"confirmation":[48.6866,0.0,0.0,0.0,0.0,79.3509,49.5224,93.0479,85.4338,80.511,80.302,90.0953,33.0389,9.9958,92.0789,8.3056,49.8254,82.7326,51.6205,49.5349,49.6796,80.8612,4.554,25.5071,50.543,83.3846,52.7814,0.7786,71.2493,75.518,77.1923,50.0554,77.502,75.9378,75.8652,94.3797,80.4598,95.3018,44.4666],"persistence":[null,null,33.3333,25.0,20.0,0.0,14.2857,25.0,50.0,62.5,75.0,87.5,100.0,87.5,87.5,62.5,62.5,37.5,12.5,12.5,37.5,25.0,37.5,12.5,37.5,12.5,12.5,0.0,0.0,0.0,12.5,12.5,12.5,37.5,37.5,50.0,50.0,75.0,100.0],"assessmentRisk":[null,null,null,null,null,31.8912,42.773,11.7474,21.4585,29.151,29.5211,14.0824,33.2253,24.5038,9.204,36.6045,26.2315,15.8777,38.7584,32.9413,38.0466,11.5811,32.969,28.9458,37.6961,8.5569,8.676,4.6061,2.2786,8.6736,33.3347,18.2147,3.9658,36.1148,36.8115,9.643,28.6063,7.8302,34.3267],"volumeParticipation":true,"latest":{"consensus":-31.3,"control":-26.5,"force":-25.5,"direction":-77.4,"confirmation":44.5,"persistence":100.0,"assessmentRisk":34.3,"intensity":71.1,"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":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-31.3","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-26.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-25.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-77.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"44/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"32.0","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"11.2%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"42.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"10%","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":[14.998,14.998,14.998,14.998,14.998,16.824,16.824,25.135,27.91,27.91,27.91,33.625,30.965,29.74,32.55,29.72,29.72,26.72,26.245,26.245,26.245,28.455,28.08,28.155,27.495,29.7,28.03,28.03,27.42,30.385,30.705,28.36,26.8,26.8,26.8,22.055,22.055,17.4,18.104],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,14.998,15.33,15.6016,17.335,19.2577,20.8309,22.118,24.2102,25.4383,26.2204,27.3713,27.7983,28.1477,27.8881,27.5894,27.3449,27.145,27.3831,27.5098,27.6271,27.6031,27.9844,27.9927,27.9995,27.8941,28.347,28.7757,28.7001,28.3547,28.072,27.8407,26.7888,25.9281,24.3775,23.2369],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,20.4158,21.1065,21.9541,22.5294,23.062,23.333,23.5487,23.7484,23.9333,24.2683,24.5506,24.8176,25.0159,25.3629,25.5605,25.7434,25.8676,26.2022,26.5358,26.6709,26.6805,26.6893,26.6975,26.3536,26.0352,25.3956,24.8554],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,29.6541,31.1951,34.2773,35.5966,36.2912,37.4389,37.7787,38.0366,37.8653,37.6555,37.4556,37.3572,37.3014,37.0005,36.4397,35.4519,34.5622,32.6991,32.5538,32.5543,32.7331,32.9381,32.0473,31.7551,31.6252,30.7612,31.2965,31.5088,32.8286,33.5061],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,8.2645,8.3509,7.5773,7.8023,8.2564,8.4789,8.9842,9.472,9.9728,10.4275,10.8477,12.0708,13.4723,15.0814,16.9579,19.1954,21.3727,24.3564,24.7912,24.7417,24.8104,24.8849,25.2492,25.1249,24.9608,25.2498,23.948,22.9692,20.7174,19.2258],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"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"]},{"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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,-7.9108,-11.5539,-3.197,-11.6134,-11.6134,-20.5353,-21.948,-21.948,-21.948,-15.3755,-16.4907,-16.2677,-18.2305,-11.6729,-16.6394,-16.6394,-18.4535,-9.6357,-8.684,-15.658,-20.2974,-20.2974,-20.2974,-34.4089,-34.4089,-48.2528,-46.1591],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,67.589,86.0915,86.0915,86.0915,124.1966,106.4609,98.2931,117.0289,98.1597,98.1597,78.1571,74.99,74.99,74.99,89.7253,87.225,87.725,83.3244,98.0264,86.8916,86.8916,82.8244,102.5937,82.5071,68.5687,6.6242,2.1147,2.1147,0.0,0.0,0.0,4.046],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,3.9743,4.1067,4.3878,4.3322,4.2393,3.8789,3.5145,3.1889,2.8974,2.8124,2.6838,2.5584,2.3784,2.3861,2.2318,2.0854,1.8984,1.9667,2.0233,1.8575,1.5821,1.3482,1.1496,0.6024,0.1668,-0.5477,-1.0451],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,4.1511,4.0966,3.9802,3.8219,3.637,3.4721,3.3144,3.1632,3.0063,2.8822,2.7522,2.6188,2.4747,2.3731,2.3031,2.214,2.0876,1.9397,1.7817,1.5459,1.2701,0.9065,0.5162],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0883,-0.2177,-0.4657,-0.6331,-0.7396,-0.6597,-0.6307,-0.6048,-0.6279,-0.4961,-0.5204,-0.5334,-0.5764,-0.4064,-0.2799,-0.3565,-0.5056,-0.5915,-0.6321,-0.9434,-1.1032,-1.4542,-1.5613],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,62.2295,60.6695,58.7279,57.9118,57.2264,54.9478,51.9372,49.1417,46.5458,44.5243,42.6471,42.5017,42.3666],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,25.4013,26.183,24.6677,24.6677,23.2691,22.6775,22.6775,22.6775,26.9838,27.4276,26.6454,26.1311,30.0146,28.4834,28.4834,27.8981,35.0184,35.551,32.6773,30.8885,30.8885,30.8885,25.5709,25.5709,20.6953,19.9631],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,2.1997,2.0863,2.5238,2.5238,8.0505,10.8478,10.8478,10.8478,10.2437,9.9902,10.259,10.7775,9.9314,12.0942,12.0942,13.9008,12.528,12.3884,19.4703,23.8785,23.8785,23.8785,36.9832,36.9832,48.9988,47.2653],"stroke":"#c13f3f","width":1.6}],"guides":[],"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"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,165.7802,320.7144,0.0,0.0,396.9223,6.486,490.0196,48.099,23.4635,0.0,49.7018,312.4821,0.0,0.0,1.2759,62.0163,17.6466,2.6435,258.3964,53.4544,0.0,0.0,0.758,0.0,0.0,0.0,0.0,0.0,16.9463,0.0,163.1707,47.3142],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,135.0,135.0,134.7484,107.5883,110.159,108.9658,108.9658,106.6555,90.1859,90.1859,90.1859,90.2402,87.5198,88.3008,88.1836,101.0434,98.3101,98.3101,98.3101,98.3426,98.3426,98.3426,98.3426,98.3426,98.3426,98.0172,98.0172,94.811,95.3641],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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