{"schema_version":"1.0","name":"XUGA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"3e1ad3d4-9415-4319-be51-a19c1916d5ed","symbol":"XUGA","name":"Xtrackers S&P 500 GARP UCITS ETF 1C","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics paused slightly this week and remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","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, Range position and boundary pressure, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Directional strength and control, Range pressure and compression."},{"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":"2026-08-14","observations":40,"displayedObservations":40,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics paused slightly this week and remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Evidence conflict","headline":"Price is ahead of Market Dynamics","summary":"Market Dynamics paused slightly this week and remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","take":"The gap can close through stronger Market Dynamics or weaker price. Until then, the upward structure should be treated as vulnerable rather than fully aligned.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[1.074072,1.369447,1.228861,1.11779,1.011096,1.077367,1.207222,1.322491,1.312133,1.202704,1.226592,1.207687],"opens":[27.790001,27.98,27.66,28.110001,28.059999,29.094999,28.950001,29.129999,28.594999,28.549999,28.940001,29.58],"highs":[27.870001,28.08,27.775,28.254999,28.344999,29.115,29.09,29.174999,28.76,29.09,29.82,29.77],"lows":[27.700001,27.98,27.655001,28.110001,27.975,29.045,28.950001,28.545,28.215,28.275,28.940001,29.495001],"closes":[27.809999,28.08,27.764999,28.17,28.344999,29.084999,28.98,28.545,28.584999,28.615,29.555,29.615],"hoverRows":[[{"label":"Open","value":"27.8","className":"is-ohlc","compact":true},{"label":"High","value":"27.9","className":"is-ohlc","compact":true},{"label":"Low","value":"27.7","className":"is-ohlc","compact":true},{"label":"Close","value":"27.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.07","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.0","className":"is-ohlc","compact":true},{"label":"High","value":"28.1","className":"is-ohlc","compact":true},{"label":"Low","value":"28.0","className":"is-ohlc","compact":true},{"label":"Close","value":"28.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.37","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"27.7","className":"is-ohlc","compact":true},{"label":"High","value":"27.8","className":"is-ohlc","compact":true},{"label":"Low","value":"27.7","className":"is-ohlc","compact":true},{"label":"Close","value":"27.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.23","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.1","className":"is-ohlc","compact":true},{"label":"High","value":"28.3","className":"is-ohlc","compact":true},{"label":"Low","value":"28.1","className":"is-ohlc","compact":true},{"label":"Close","value":"28.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.12","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"28.1","className":"is-ohlc","compact":true},{"label":"High","value":"28.3","className":"is-ohlc","compact":true},{"label":"Low","value":"28.0","className":"is-ohlc","compact":true},{"label":"Close","value":"28.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.01","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.1","className":"is-ohlc","compact":true},{"label":"High","value":"29.1","className":"is-ohlc","compact":true},{"label":"Low","value":"29.0","className":"is-ohlc","compact":true},{"label":"Close","value":"29.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.08","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.0","className":"is-ohlc","compact":true},{"label":"High","value":"29.1","className":"is-ohlc","compact":true},{"label":"Low","value":"29.0","className":"is-ohlc","compact":true},{"label":"Close","value":"29.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.21","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.1","className":"is-ohlc","compact":true},{"label":"High","value":"29.2","className":"is-ohlc","compact":true},{"label":"Low","value":"28.5","className":"is-ohlc","compact":true},{"label":"Close","value":"28.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.32","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.6","className":"is-ohlc","compact":true},{"label":"High","value":"28.8","className":"is-ohlc","compact":true},{"label":"Low","value":"28.2","className":"is-ohlc","compact":true},{"label":"Close","value":"28.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.31","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.5","className":"is-ohlc","compact":true},{"label":"High","value":"29.1","className":"is-ohlc","compact":true},{"label":"Low","value":"28.3","className":"is-ohlc","compact":true},{"label":"Close","value":"28.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.20","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.9","className":"is-ohlc","compact":true},{"label":"High","value":"29.8","className":"is-ohlc","compact":true},{"label":"Low","value":"28.9","className":"is-ohlc","compact":true},{"label":"Close","value":"29.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.23","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.6","className":"is-ohlc","compact":true},{"label":"High","value":"29.8","className":"is-ohlc","compact":true},{"label":"Low","value":"29.5","className":"is-ohlc","compact":true},{"label":"Close","value":"29.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.21","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[27.653999,29.726],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":1.207687,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"slight easing","fourWeekDirection":"weakening","now":{"label":"Slightly easier this week","detail":"Market Dynamics paused slightly this week and remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Distribution risk building","detail":"Price remains extended inside distribution conditions while Market Dynamics is shrinking. A descent through the zone would strengthen the rollover warning.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price remains extended inside distribution conditions while Market Dynamics is shrinking. A descent through the zone would strengthen the rollover warning.","annotations":[{"label":"Current tape relationship","value":"Distribution risk building","detail":"Market Dynamics paused slightly this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"label":"Latest positioning marker","value":"19 Jun 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":12,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-06-19","price":28.17}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[26.255,26.005,26.815,26.915,26.645,26.77,26.85,26.59,27.395,27.05,26.6,26.25,26.42,25.89,26.27,26.205,26.55,26.025,25.385,24.835,25.46,26.015,26.975,26.93,26.985,26.925,27.415,27.685,27.81,28.08,27.765,28.17,28.345,29.085,28.98,28.545,28.585,28.615,29.555,29.615],"consensus":[-18.0329,0.0,84.7222,75.3092,16.3388,39.4213,19.773,-29.6406,74.4421,0.0,-15.9158,-42.2691,0.0,-68.1358,12.7661,-10.0127,33.2527,-35.0908,-69.8937,-72.0214,0.0,25.732,65.8935,25.7537,31.4947,14.4477,66.5937,66.9242,48.1753,59.6357,22.78,48.7716,59.8449,62.9567,30.6898,0.0,29.6562,12.535,69.7684,39.1974],"supportDates":["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":[null,null,null,null,null,32.5901,23.1391,-27.3557,70.8556,0.0,-12.5427,-45.2677,0.0,-59.1224,23.2082,-4.9073,30.4584,-36.4121,-68.0778,-70.5115,0.0,31.0201,64.1655,17.9546,22.79,3.3586,68.1764,67.6539,43.3995,67.4247,35.1855,43.6935,65.0971,57.9005,17.9426,0.0,29.5641,19.2192,69.6469,33.4704],"force":[-18.0329,0.0,84.7222,75.3092,21.5889,43.6745,6.1056,-60.7446,93.3224,0.0,-17.7756,-38.502,0.0,-89.7009,55.3411,-4.7282,71.9743,-57.5196,-92.5687,-86.545,0.0,56.0892,89.7144,2.9045,16.8155,14.0157,84.9195,76.2361,36.9937,38.6248,35.3437,43.526,51.0935,62.068,1.8039,0.0,10.8053,3.3583,85.7833,16.0168],"direction":[null,null,null,null,43.4301,44.1905,25.6886,-10.0346,65.0551,0.0,-18.4424,-41.5329,0.0,-63.0331,29.5786,-19.622,8.7879,-17.5602,-55.7726,-63.3729,0.0,1.9953,50.8535,50.9877,51.9282,47.4519,51.695,59.4389,61.6202,65.7416,50.1192,58.322,60.0933,69.3702,68.4678,0.0,43.2263,16.2482,58.468,62.3002],"intensity":[null,null,null,null,25.0,20.0,83.3333,28.5714,87.5,55.5556,80.0,54.5455,8.3333,76.9231,57.1429,6.6667,43.75,76.4706,88.8889,78.9474,85.0,90.4762,100.0,95.6522,4.1667,12.0,57.6923,48.1481,60.7143,27.5862,30.0,58.0645,15.625,100.0,8.8235,57.1429,55.5556,32.4324,92.1053,74.359],"confirmation":[28.4372,0.2406,49.7778,46.7656,10.403,80.8485,51.1929,78.4677,92.4515,9.6524,73.2011,81.3656,7.9681,90.598,34.2003,25.7875,79.8635,79.8925,91.0847,91.5125,35.7451,54.8378,89.8382,52.997,77.7636,6.9148,89.8444,89.6884,83.1481,86.3244,35.5358,83.5244,86.8036,88.1961,54.7429,37.7486,76.9169,49.4747,90.8158,87.924],"persistence":[null,null,0.0,25.0,40.0,50.0,57.1429,37.5,62.5,62.5,37.5,12.5,0.0,25.0,25.0,25.0,25.0,37.5,37.5,37.5,37.5,12.5,12.5,12.5,12.5,37.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5],"assessmentRisk":[null,null,null,null,27.4664,28.3321,4.9998,21.4554,10.1601,27.0975,18.2273,12.0881,47.1085,15.5396,38.8155,1.1939,0.0711,34.0861,13.6122,13.8168,51.3413,13.9924,16.8338,37.0987,34.0495,40.3633,3.1011,12.6126,23.0208,19.4746,21.2823,17.8391,16.4796,18.2685,34.5755,45.64,17.7165,51.6915,10.7755,30.1233],"volumeParticipation":true,"latest":{"consensus":39.2,"control":33.5,"force":16.0,"direction":62.3,"confirmation":87.9,"persistence":87.5,"assessmentRisk":30.1,"intensity":74.4,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+39.2","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+33.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+16.0","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+62.3","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"88/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"68.9","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.9%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"27.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"96%","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 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pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,71.0425,100.0,79.9999,53.913,33.6232,43.4783,12.7536,34.7826,31.0145,51.0144,20.5797,0.0,0.0,26.8431,47.826,84.121,82.4197,84.4991,82.2306,100.0,100.0,98.0769,100.0,90.5405,97.5749,100.0,99.3127,96.9072,85.7627,86.6667,87.3447,94.7732,95.9566],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-1.3907,0.0,-1.2594,-2.902,-4.1796,-3.559,-5.4937,-4.1066,-4.3439,-3.0845,-5.0009,-7.3371,-9.3448,-7.0633,-5.0374,-1.5331,-1.6974,-1.4966,-1.7156,0.0,0.0,-0.2153,0.0,-1.1218,-0.3008,0.0,-0.103,-0.4637,-2.1594,-2.0223,-1.9194,-0.8887,-0.6875],"stroke":"#c13f3f","width":1.5},{"label":"From 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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,3.1222,99.2788,16.5485,0.0,1.2595,66.6667,124.7619,8.4555,129.9358,407.3251,103.4298,64.8501,100.5176,11.9144,17.4473,23.8758,19.2841,533.7465,437.9627,395.3819,231.0475,593.0585,0.0,184.6026,39.8284,60.0661,41.0103,0.0,89.2055,8.7121,66.2972,299.3088,65.0086],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,134.8629,135.0,134.4069,134.4069,134.3693,135.0,131.4338,131.6606,128.1034,135.0,132.0669,130.2631,127.4664,127.7999,128.2926,128.9747,128.4214,135.0,124.3375,135.0,135.0,135.0,135.0,130.3734,131.3916,132.9582,134.0287,134.0287,131.6423,131.859,133.53,135.0,135.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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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,0.0949,0.0303,0.0098,-0.0117,-0.0008,-0.0341,-0.1109,-0.2137,-0.242,-0.217,-0.1185,-0.0435,0.0202,0.065,0.1385,0.216,0.2843,0.356,0.3831,0.4322,0.4797,0.5705,0.6268,0.629,0.6268,0.6203,0.6832,0.7294],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0412,0.0261,-0.0013,-0.0438,-0.0834,-0.1101,-0.1118,-0.0981,-0.0745,-0.0466,-0.0096,0.0355,0.0853,0.1394,0.1882,0.237,0.2855,0.3425,0.3994,0.4453,0.4816,0.5094,0.5441,0.5812],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.042,-0.0603,-0.1097,-0.1699,-0.1585,-0.1069,-0.0067,0.0547,0.0946,0.1116,0.148,0.1805,0.199,0.2166,0.1949,0.1952,0.1942,0.228,0.2274,0.1837,0.1452,0.111,0.139,0.1482],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"directional","eyebrow":"Trend 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envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,2.2275,2.1473,2.1515,2.1171,2.1826,2.3043,2.4344,2.4042,2.3881,2.4245,2.3228,2.2226,2.1759,2.1407,2.0935,1.9828,1.8921,1.8862,1.8506,1.801,1.8189,1.7296,1.7882,1.7943,1.8679,1.9705,1.8924],"stroke":"#c13f3f","width":1.9},{"label":"Envelope 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XUGA Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/3e1ad3d4-9415-4319-be51-a19c1916d5ed/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}