{"schema_version":"1.0","name":"JSEM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"3b6df044-57ad-4767-be54-bdd5d28b50b4","symbol":"JSEM","name":"JPM Global Emerging Markets Res","exchange":"MIL","country":"IT","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Activity pressure and cumulative balance, Directional strength and control, Acceleration, deceleration and rollover, Range pressure and compression, Strength versus the research benchmark."},{"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":70,"displayedObservations":70,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[1.428501,1.971037,2.039947,2.143234,2.106604,2.049336,1.867046,1.581866,1.260743,0.90815,0.878955,0.901797,0.940046,0.98399,0.984167,0.920161,1.000787,0.991209,0.744872,0.479936,0.073982,-0.195772,-0.251458,-0.160172,-0.067938,0.038898,0.039235,0.307316,0.567125,0.958536,1.271093,1.308068,1.358351,1.278611,1.213639,1.07831,0.730032,0.344709,-0.03237,-0.364308,-0.426885,-0.478402],"opens":[28.205,27.955,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,29.465,29.465,29.465,29.465,30.674999,30.674999,31.700001,29.959999,29.959999,28.92,28.92,29.014999,30.684999,31.51,31.51,31.51,31.51,35.130001,34.244999,36.924999,35.98,37.419998,37.380001,36.860001,36.490002,34.255001,34.34,34.715,34.095001,34.119999,35.389999],"highs":[28.205,28.165001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,29.719999,29.465,29.465,29.465,30.77,30.674999,32.014999,31.700001,30.16,29.959999,28.92,28.92,30.790001,31.51,31.51,31.51,31.51,35.130001,35.130001,36.529999,36.924999,36.384998,37.419998,37.380001,36.860001,36.490002,34.255001,34.715,34.715,34.119999,35.595001,35.389999],"lows":[27.879999,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,29.465,29.465,29.465,29.465,30.674999,30.674999,29.57,29.875,29.559999,28.92,28.665001,29.014999,30.684999,31.51,31.51,31.51,31.51,34.244999,34.244999,36.924999,35.98,37.419998,37.380001,36.860001,36.490002,34.23,34.34,32.93,34.095001,34.119999,34.875],"closes":[27.955,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,27.950001,29.465,29.465,29.465,29.465,30.674999,30.674999,31.700001,29.959999,29.959999,28.92,28.92,29.014999,30.684999,31.51,31.51,31.51,31.51,35.130001,34.244999,36.084999,36.924999,36.325001,37.419998,37.380001,36.860001,36.490002,34.23,34.715,33.720001,34.119999,35.389999,34.875],"hoverRows":[[{"label":"Open","value":"28.2","className":"is-ohlc","compact":true},{"label":"High","value":"28.2","className":"is-ohlc","compact":true},{"label":"Low","value":"27.9","className":"is-ohlc","compact":true},{"label":"Close","value":"28.0","className":"is-ohlc","compact":true},{"label":"Market 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The completed tape now carries a stronger continuation-risk warning.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":20.1,"sample":1},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has moved below distribution","detail":"Price left the upper zone as Market Dynamics weakened."}},"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":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 20.1% across 1 cases.","watch":"A recovery in both price and Market Dynamics would remove the rollover warning."},{"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 2 cases. Distinct visits lasted 8.5 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 2.7% across 1 completed cases, with the largest move arriving after 1.0 weeks on average.","approach":"Avoid adding simply because price is rising. 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