{"schema_version":"1.0","name":"TRAUN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"42e33bb3-5972-4a68-99cb-c59ddf46d9f9","symbol":"TRAUN","name":"INVESCO MARKETS II PLC INVESCO","exchange":"MEX","country":"MX","asset_type":"etf","currency":"MXN","sector":null,"industry":null},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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, Acceleration, deceleration and rollover, Directional strength and control, Activity pressure and cumulative balance, 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":"2026-08-21","observations":53,"displayedObservations":53,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Price structure and the underlying tape currently reinforce the same downside read.","evidenceAlignment":{"status":"Evidence aligned downward","headline":"Downward price structure is confirmed by Market Dynamics","summary":"Price structure and the underlying tape currently reinforce the same 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within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","tone":"negative"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","annotations":[{"label":"Current tape relationship","value":"Accumulation pressure","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-07-25","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","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-03-06","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","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[794.62,815.14,807.8,806.36,807.42,786.32,816.1,803.52,805.18,803.68,806.92,814.63,814.33,821.47,815.85,806.19,816.58,813.9,806.06,797.28,789.44,775.15,794.17,782.22,753.48,763.17,766.32,768.34,757.09,784.06,781.82,786.9,783.01,788.2,764.04,766.2,770.36,772.6,761.91,760.14,756.08,763.65,767.16,763.23,769.51,775.17,771.66,773.26,765.14,759.83,757.44,749.16,742.43],"consensus":[0.0,0.0,-100.0,-58.0,67.363,-66.8741,55.6498,-30.6088,25.9247,23.7203,25.1382,54.448,21.2712,77.6773,32.1818,-36.1624,58.2821,-15.3149,-46.9874,-64.6133,-52.1765,-77.0328,9.0469,-76.1725,-87.4075,0.0,-13.3564,-12.8895,-55.3031,47.1051,0.0,27.3069,14.5917,15.0264,-63.858,-9.7532,0.0,0.0,-36.0324,-30.4501,-54.4686,0.0,19.424,-29.054,40.392,35.4702,0.0,24.5473,-33.8323,-59.9156,-49.7876,-70.0311,-71.3926],"supportDates":["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","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-03-06","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","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,-61.4039,56.0549,-34.5484,37.9938,23.0666,44.3524,50.6732,2.6066,79.9054,32.9837,-32.3127,61.339,-7.9229,-42.3181,-73.8625,-51.3014,-88.1336,21.1263,-77.0073,-91.1764,0.0,-1.0029,-4.0191,-76.5593,45.1934,0.0,23.1733,19.8047,2.1125,-74.2823,-1.9943,0.0,0.0,-44.0973,-31.6837,-60.8369,0.0,21.3312,-46.1693,35.8869,32.5386,0.0,17.3169,-33.2119,-56.9983,-58.2917,-75.9353,-78.3775],"force":[0.0,-100.0,-58.0,23.9244,-57.9889,30.8171,-68.6388,28.855,9.1228,28.2514,39.5785,11.0918,75.946,7.575,-36.1713,88.4884,-48.1499,-69.9741,-63.9729,-34.3081,-64.2534,68.3768,-92.854,-97.9633,0.0,-36.1359,-22.473,-42.4648,79.6481,0.0,22.3945,11.218,18.2678,-68.7924,-22.6432,0.0,0.0,-25.5159,-11.1147,-45.1524,0.0,37.2181,-28.5375,68.6786,30.3519,0.0,19.237,-50.9721,-86.8615,-38.6622,-76.9053,-71.1355],"direction":[null,null,null,98.3906,-79.4724,72.9244,-1.0578,10.0384,34.8942,0.9555,69.3832,65.7185,76.3675,59.6631,-40.5557,33.2128,-0.3094,-35.9045,-54.5003,-65.9398,-73.4744,47.1366,-63.303,-75.5604,0.0,-65.1188,-57.4726,-40.1804,26.045,0.0,35.5398,27.0695,27.47,-48.4198,-46.3193,0.0,0.0,-34.3271,-42.8512,-53.845,0.0,4.5341,-9.8626,25.3361,42.4766,0.0,36.6036,-22.2988,-44.0027,-48.0153,-58.3734,-63.5936],"intensity":[null,null,null,75.0,100.0,100.0,42.8571,12.5,22.2222,30.0,45.4545,8.3333,38.4615,35.7143,53.3333,56.25,29.4118,77.7778,47.3684,65.0,80.9524,86.3636,60.8696,95.8333,80.0,92.3077,7.4074,46.4286,93.1034,10.0,29.0323,37.5,63.6364,91.1765,22.8571,25.0,18.9189,57.8947,5.1282,27.5,43.9024,21.4286,27.907,36.3636,82.2222,21.7391,4.2553,52.0833,34.6939,50.0,50.9804,40.3846],"confirmation":[0.0,54.6667,41.2267,64.9037,89.2123,85.0449,56.4528,76.2013,75.1556,53.1797,85.0277,8.4711,92.77,56.0237,79.6309,87.5243,28.6808,83.8077,88.5158,84.1653,92.0919,37.2416,92.8709,96.2347,13.153,10.9075,8.9562,84.9818,84.0946,28.0428,76.6515,28.8632,50.4374,88.4261,7.5687,30.3064,5.1326,79.087,77.136,85.049,9.1791,52.0622,77.0207,81.8562,79.2391,3.865,75.8035,79.3582,88.0387,83.4634,90.5295,98.7314],"persistence":[null,33.3333,50.0,20.0,33.3333,14.2857,25.0,12.5,0.0,25.0,50.0,50.0,75.0,75.0,75.0,75.0,50.0,25.0,0.0,25.0,50.0,50.0,50.0,75.0,62.5,62.5,62.5,62.5,37.5,50.0,25.0,0.0,12.5,12.5,12.5,25.0,12.5,0.0,25.0,50.0,62.5,37.5,37.5,25.0,12.5,0.0,25.0,25.0,12.5,12.5,12.5,37.5],"assessmentRisk":[null,null,null,8.3652,15.1889,5.1803,6.8929,20.0742,29.4343,41.295,6.5974,19.7976,5.6464,16.5379,13.0304,19.8017,20.3837,13.0206,10.4405,23.8878,11.481,47.3603,7.6804,6.0976,33.8728,42.3987,34.5249,42.1575,21.4341,41.2899,29.4709,40.2292,6.7996,9.4815,40.2278,35.7277,42.1808,8.7171,9.3073,15.3705,32.7631,18.6539,32.5542,26.0716,26.1643,22.2251,35.9406,16.1259,19.6585,24.5626,14.9756,14.2818],"volumeParticipation":true,"latest":{"consensus":-71.4,"control":-78.4,"force":-71.1,"direction":-63.6,"confirmation":98.7,"persistence":37.5,"assessmentRisk":14.3,"intensity":40.4,"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":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-71.4","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-78.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-71.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-63.6","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"99/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"38.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"1.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"25.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"1%","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":[794.62,815.14,807.8,806.36,807.42,786.32,816.1,803.52,805.18,803.68,806.92,814.63,814.33,821.47,815.85,806.19,816.58,813.9,806.06,797.28,789.44,775.15,794.17,782.22,753.48,763.17,766.32,768.34,757.09,784.06,781.82,786.9,783.01,788.2,764.04,766.2,770.36,772.6,761.91,760.14,756.08,763.65,767.16,763.23,769.51,775.17,771.66,773.26,765.14,759.83,757.44,749.16,742.43],"stroke":"#10243b","width":2.1},{"label":"Fast 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trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,802.4853,803.8916,804.7774,804.882,805.7485,806.3523,806.3307,805.6603,804.4588,802.2877,801.6864,800.2445,796.7804,794.2908,792.2189,790.4501,787.9789,787.6887,787.2539,787.2277,786.9153,787.0105,785.3089,783.8935,782.891,782.1287,780.631,779.1132,777.407,776.388,775.7044,774.7804,774.39,774.4478,774.2413,774.1686,773.4998,772.4872,771.3726,769.7272,767.7052],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,821.356,820.8415,821.9066,822.6085,824.9327,825.4192,824.7759,825.2907,825.3161,824.7766,824.5446,825.2458,827.902,827.7525,828.6052,834.13,836.4123,835.9205,836.0667,836.7348,835.6591,834.0942,831.3478,828.2871,823.6038,819.6553,816.905,811.0494,804.8513,800.072,796.8748,795.1604,794.7885,790.987,789.4248,788.9713,789.469,789.6561,789.9083,789.4585,787.8861,786.6,784.6285,783.9876],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}