{"schema_version":"1.0","name":"500A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"44938d9c-e32c-45b5-b59f-22eabdecceee","symbol":"500A","name":"TO BOOKS INC","exchange":"JPX","country":"JP","asset_type":"equity","currency":"JPY","sector":"Communication Services","industry":"Publishing"},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Acceleration, deceleration and rollover, Range pressure and compression, Directional strength and control, Drawdown and recovery pressure, Activity pressure and cumulative balance."},{"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":28,"displayedObservations":28,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"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.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"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"],"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],"opens":[3521.156707,3232.216233,3320.367543,3188.140476,3134.270183,3330.162192,3433.005466,3570.129862,3623.999911,3545.643381,3721.945972,3575.027027,3410.0,3350.0,3215.0,3300.0,3055.0,3045.0,2877.0,2773.0,2870.0,2895.0,2975.0,2969.0,2871.0,3005.0,2976.0,3045.0],"highs":[3526.054004,3643.589268,3398.724323,3305.675609,3315.470215,3726.843309,3658.281162,3736.637746,3682.767477,3692.562173,3800.302719,3685.0,3430.0,3370.0,3320.0,3345.0,3140.0,3090.0,2878.0,2792.0,2930.0,3005.0,3000.0,2998.0,3050.0,3095.0,3090.0,3295.0],"lows":[3349.751304,3148.962179,2992.248627,3090.194503,3036.32424,3295.881111,3369.340579,3335.059412,3491.772881,3442.800134,3579.924332,3340.0,3315.0,3145.0,3145.0,3225.0,3030.0,3010.0,2800.0,2756.0,2870.0,2889.0,2888.0,2871.0,2858.0,2971.0,2976.0,3045.0],"closes":[3359.545898,3437.902832,3163.654053,3256.702637,3315.470215,3501.567627,3619.102783,3584.821533,3555.437744,3682.767578,3619.102783,3390.0,3365.0,3240.0,3315.0,3270.0,3125.0,3090.0,2810.0,2779.0,2890.0,2997.0,2922.0,2871.0,3050.0,2971.0,3025.0,3245.0],"hoverRows":[[{"label":"Open","value":"3,521","className":"is-ohlc","compact":true},{"label":"High","value":"3,526","className":"is-ohlc","compact":true},{"label":"Low","value":"3,350","className":"is-ohlc","compact":true},{"label":"Close","value":"3,360","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,232","className":"is-ohlc","compact":true},{"label":"High","value":"3,644","className":"is-ohlc","compact":true},{"label":"Low","value":"3,149","className":"is-ohlc","compact":true},{"label":"Close","value":"3,438","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,320","className":"is-ohlc","compact":true},{"label":"High","value":"3,399","className":"is-ohlc","compact":true},{"label":"Low","value":"2,992","className":"is-ohlc","compact":true},{"label":"Close","value":"3,164","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,188","className":"is-ohlc","compact":true},{"label":"High","value":"3,306","className":"is-ohlc","compact":true},{"label":"Low","value":"3,090","className":"is-ohlc","compact":true},{"label":"Close","value":"3,257","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,134","className":"is-ohlc","compact":true},{"label":"High","value":"3,315","className":"is-ohlc","compact":true},{"label":"Low","value":"3,036","className":"is-ohlc","compact":true},{"label":"Close","value":"3,315","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,330","className":"is-ohlc","compact":true},{"label":"High","value":"3,727","className":"is-ohlc","compact":true},{"label":"Low","value":"3,296","className":"is-ohlc","compact":true},{"label":"Close","value":"3,502","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"3,433","className":"is-ohlc","compact":true},{"label":"High","value":"3,658","className":"is-ohlc","compact":true},{"label":"Low","value":"3,369","className":"is-ohlc","compact":true},{"label":"Close","value":"3,619","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"3,570","className":"is-ohlc","compact":true},{"label":"High","value":"3,737","className":"is-ohlc","compact":true},{"label":"Low","value":"3,335","className":"is-ohlc","compact":true},{"label":"Close","value":"3,585","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,624","className":"is-ohlc","compact":true},{"label":"High","value":"3,683","className":"is-ohlc","compact":true},{"label":"Low","value":"3,492","className":"is-ohlc","compact":true},{"label":"Close","value":"3,555","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,546","className":"is-ohlc","compact":true},{"label":"High","value":"3,693","className":"is-ohlc","compact":true},{"label":"Low","value":"3,443","className":"is-ohlc","compact":true},{"label":"Close","value":"3,683","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,722","className":"is-ohlc","compact":true},{"label":"High","value":"3,800","className":"is-ohlc","compact":true},{"label":"Low","value":"3,580","className":"is-ohlc","compact":true},{"label":"Close","value":"3,619","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,575","className":"is-ohlc","compact":true},{"label":"High","value":"3,685","className":"is-ohlc","compact":true},{"label":"Low","value":"3,340","className":"is-ohlc","compact":true},{"label":"Close","value":"3,390","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,410","className":"is-ohlc","compact":true},{"label":"High","value":"3,430","className":"is-ohlc","compact":true},{"label":"Low","value":"3,315","className":"is-ohlc","compact":true},{"label":"Close","value":"3,365","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,350","className":"is-ohlc","compact":true},{"label":"High","value":"3,370","className":"is-ohlc","compact":true},{"label":"Low","value":"3,145","className":"is-ohlc","compact":true},{"label":"Close","value":"3,240","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,215","className":"is-ohlc","compact":true},{"label":"High","value":"3,320","className":"is-ohlc","compact":true},{"label":"Low","value":"3,145","className":"is-ohlc","compact":true},{"label":"Close","value":"3,315","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,300","className":"is-ohlc","compact":true},{"label":"High","value":"3,345","className":"is-ohlc","compact":true},{"label":"Low","value":"3,225","className":"is-ohlc","compact":true},{"label":"Close","value":"3,270","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,055","className":"is-ohlc","compact":true},{"label":"High","value":"3,140","className":"is-ohlc","compact":true},{"label":"Low","value":"3,030","className":"is-ohlc","compact":true},{"label":"Close","value":"3,125","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,045","className":"is-ohlc","compact":true},{"label":"High","value":"3,090","className":"is-ohlc","compact":true},{"label":"Low","value":"3,010","className":"is-ohlc","compact":true},{"label":"Close","value":"3,090","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,877","className":"is-ohlc","compact":true},{"label":"High","value":"2,878","className":"is-ohlc","compact":true},{"label":"Low","value":"2,800","className":"is-ohlc","compact":true},{"label":"Close","value":"2,810","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,773","className":"is-ohlc","compact":true},{"label":"High","value":"2,792","className":"is-ohlc","compact":true},{"label":"Low","value":"2,756","className":"is-ohlc","compact":true},{"label":"Close","value":"2,779","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,870","className":"is-ohlc","compact":true},{"label":"High","value":"2,930","className":"is-ohlc","compact":true},{"label":"Low","value":"2,870","className":"is-ohlc","compact":true},{"label":"Close","value":"2,890","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,895","className":"is-ohlc","compact":true},{"label":"High","value":"3,005","className":"is-ohlc","compact":true},{"label":"Low","value":"2,889","className":"is-ohlc","compact":true},{"label":"Close","value":"2,997","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,975","className":"is-ohlc","compact":true},{"label":"High","value":"3,000","className":"is-ohlc","compact":true},{"label":"Low","value":"2,888","className":"is-ohlc","compact":true},{"label":"Close","value":"2,922","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,969","className":"is-ohlc","compact":true},{"label":"High","value":"2,998","className":"is-ohlc","compact":true},{"label":"Low","value":"2,871","className":"is-ohlc","compact":true},{"label":"Close","value":"2,871","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,871","className":"is-ohlc","compact":true},{"label":"High","value":"3,050","className":"is-ohlc","compact":true},{"label":"Low","value":"2,858","className":"is-ohlc","compact":true},{"label":"Close","value":"3,050","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,005","className":"is-ohlc","compact":true},{"label":"High","value":"3,095","className":"is-ohlc","compact":true},{"label":"Low","value":"2,971","className":"is-ohlc","compact":true},{"label":"Close","value":"2,971","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,976","className":"is-ohlc","compact":true},{"label":"High","value":"3,090","className":"is-ohlc","compact":true},{"label":"Low","value":"2,976","className":"is-ohlc","compact":true},{"label":"Close","value":"3,025","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3,045","className":"is-ohlc","compact":true},{"label":"High","value":"3,295","className":"is-ohlc","compact":true},{"label":"Low","value":"3,045","className":"is-ohlc","compact":true},{"label":"Close","value":"3,245","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[2724.773945,3736.993633],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Zone progression","detail":"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.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"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.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","tone":"neutral"},{"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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":28,"relationship":{"sample":0,"correlationSample":27,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2,"averageWeeksToHigher":2.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":4.0,"averageReturn":4.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.1,"sample":1},{"week":2,"averageReturn":2.8,"sample":1},{"week":3,"averageReturn":6.7,"sample":1},{"week":4,"averageReturn":4.0,"sample":1},{"week":5,"averageReturn":2.2,"sample":1},{"week":6,"averageReturn":8.5,"sample":1},{"week":7,"averageReturn":5.7,"sample":1},{"week":8,"averageReturn":7.7,"sample":1},{"week":9,"averageReturn":15.5,"sample":1},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"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}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-12.0,"averageReturn":-12.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-18.6,"averageReturn":-18.6,"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":-1.7,"sample":1},{"week":2,"averageReturn":-7.9,"sample":1},{"week":3,"averageReturn":-8.6,"sample":1},{"week":4,"averageReturn":-12.0,"sample":1},{"week":5,"averageReturn":-10.0,"sample":1},{"week":6,"averageReturn":-11.2,"sample":1},{"week":7,"averageReturn":-15.1,"sample":1},{"week":8,"averageReturn":-16.1,"sample":1},{"week":9,"averageReturn":-23.7,"sample":1},{"week":10,"averageReturn":-24.5,"sample":1},{"week":11,"averageReturn":-21.5,"sample":1},{"week":12,"averageReturn":-18.6,"sample":1},{"week":13,"averageReturn":-20.7,"sample":1},{"week":14,"averageReturn":-22.0,"sample":1},{"week":15,"averageReturn":-17.2,"sample":1},{"week":16,"averageReturn":-19.3,"sample":1},{"week":17,"averageReturn":-17.9,"sample":1},{"week":18,"averageReturn":-11.9,"sample":1},{"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":3,"completedEpisodes":1,"activeEpisodes":2,"medianExpectedMove":5.2,"averageExpectedMove":5.2,"averageWeeksToLargestMove":4.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":4.3,"medianReturn":4.3,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-11.8,"medianReturn":-11.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":3.0,"sample":3},{"week":2,"averageReturn":3.4,"sample":2},{"week":3,"averageReturn":1.6,"sample":2},{"week":4,"averageReturn":4.3,"sample":2},{"week":5,"averageReturn":7.2,"sample":2},{"week":6,"averageReturn":-3.2,"sample":1},{"week":7,"averageReturn":-3.9,"sample":1},{"week":8,"averageReturn":-7.5,"sample":1},{"week":9,"averageReturn":-5.3,"sample":1},{"week":10,"averageReturn":-6.6,"sample":1},{"week":11,"averageReturn":-10.8,"sample":1},{"week":12,"averageReturn":-11.8,"sample":1},{"week":13,"averageReturn":-19.8,"sample":1},{"week":14,"averageReturn":-20.6,"sample":1},{"week":15,"averageReturn":-17.5,"sample":1},{"week":16,"averageReturn":-14.4,"sample":1},{"week":17,"averageReturn":-16.6,"sample":1},{"week":18,"averageReturn":-18.0,"sample":1},{"week":19,"averageReturn":-12.9,"sample":1},{"week":20,"averageReturn":-15.2,"sample":1},{"week":21,"averageReturn":-13.6,"sample":1},{"week":22,"averageReturn":-7.3,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"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}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":5.9,"averageExpectedMove":5.9,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":1.8,"medianReturn":1.8,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-10.5,"medianReturn":-10.5,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.2,"sample":3},{"week":2,"averageReturn":4.7,"sample":3},{"week":3,"averageReturn":3.0,"sample":2},{"week":4,"averageReturn":1.8,"sample":2},{"week":5,"averageReturn":1.6,"sample":2},{"week":6,"averageReturn":0.2,"sample":2},{"week":7,"averageReturn":-7.4,"sample":2},{"week":8,"averageReturn":-8.3,"sample":2},{"week":9,"averageReturn":-8.5,"sample":2},{"week":10,"averageReturn":-5.8,"sample":2},{"week":11,"averageReturn":-7.6,"sample":2},{"week":12,"averageReturn":-10.5,"sample":2},{"week":13,"averageReturn":-8.4,"sample":2},{"week":14,"averageReturn":-13.8,"sample":2},{"week":15,"averageReturn":-13.5,"sample":2},{"week":16,"averageReturn":-8.6,"sample":2},{"week":17,"averageReturn":-9.6,"sample":1},{"week":18,"averageReturn":-11.9,"sample":1},{"week":19,"averageReturn":-13.4,"sample":1},{"week":20,"averageReturn":-8.0,"sample":1},{"week":21,"averageReturn":-10.4,"sample":1},{"week":22,"averageReturn":-8.8,"sample":1},{"week":23,"averageReturn":-2.1,"sample":1},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":11.8,"averageExpectedMove":11.8,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":5.2,"medianReturn":5.2,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-11.8,"medianReturn":-11.8,"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":3.4,"sample":1},{"week":2,"averageReturn":2.4,"sample":1},{"week":3,"averageReturn":1.5,"sample":1},{"week":4,"averageReturn":5.2,"sample":1},{"week":5,"averageReturn":3.4,"sample":1},{"week":6,"averageReturn":-3.2,"sample":1},{"week":7,"averageReturn":-3.9,"sample":1},{"week":8,"averageReturn":-7.5,"sample":1},{"week":9,"averageReturn":-5.3,"sample":1},{"week":10,"averageReturn":-6.6,"sample":1},{"week":11,"averageReturn":-10.8,"sample":1},{"week":12,"averageReturn":-11.8,"sample":1},{"week":13,"averageReturn":-19.8,"sample":1},{"week":14,"averageReturn":-20.6,"sample":1},{"week":15,"averageReturn":-17.5,"sample":1},{"week":16,"averageReturn":-14.4,"sample":1},{"week":17,"averageReturn":-16.6,"sample":1},{"week":18,"averageReturn":-18.0,"sample":1},{"week":19,"averageReturn":-12.9,"sample":1},{"week":20,"averageReturn":-15.2,"sample":1},{"week":21,"averageReturn":-13.6,"sample":1},{"week":22,"averageReturn":-7.3,"sample":1},{"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 distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-03-20","price":3501.567627}],"reversal_dangers":[{"date":"2026-03-27","price":3619.102783}]}},"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":[3359.5459,3437.9028,3163.6541,3256.7026,3315.4702,3501.5676,3619.1028,3584.8215,3555.4377,3682.7676,3619.1028,3390.0,3365.0,3240.0,3315.0,3270.0,3125.0,3090.0,2810.0,2779.0,2890.0,2997.0,2922.0,2871.0,3050.0,2971.0,3025.0,3245.0],"consensus":[-88.8889,16.8317,-15.6626,31.6364,0.0,30.941,49.2622,24.1954,14.0085,48.048,0.0,-40.7864,-23.1348,-45.1621,0.0,-27.5071,-27.4247,-17.1714,-63.2664,-37.1192,-26.9791,0.0,-26.5132,-34.3331,33.7726,-28.9021,8.4736,59.4511],"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,32.6794,46.8419,12.6458,2.5343,47.5791,0.0,-37.1845,-18.4056,-36.9746,0.0,-25.1787,-19.4522,-6.2738,-71.0615,-29.5978,-22.419,0.0,-39.7959,-51.5176,34.6429,-35.5683,4.8917,53.3566],"force":[-88.8889,16.8317,-15.6626,31.6364,0.0,25.3545,37.5031,6.6637,4.5397,47.4806,0.0,-57.8076,-14.1252,-43.0237,0.0,-19.8802,-13.0488,-3.4476,-50.9809,-11.0048,-3.8076,0.0,-13.9497,-21.9388,67.3271,-33.0719,17.8247,86.9951],"direction":[null,null,null,null,0.0,32.9446,60.4277,49.9176,40.3706,48.9892,0.0,-32.7449,-34.9751,-56.0466,0.0,-35.6161,-46.8046,-44.3535,-63.133,-64.3682,-54.1812,0.0,-20.3068,-23.5468,8.8104,-18.3052,5.8879,46.7418],"intensity":[null,null,null,null,25.0,100.0,50.0,28.5714,62.5,55.5556,60.0,81.8182,83.3333,61.5385,14.2857,26.6667,75.0,5.8824,94.4444,31.5789,55.0,38.0952,18.1818,8.6957,70.8333,44.0,11.5385,81.4815],"confirmation":[51.1111,28.0528,27.6787,32.7903,5.7127,77.7044,83.4424,52.7176,27.7274,83.3652,5.646,81.6253,75.2006,82.5115,30.9564,76.6053,76.4593,28.4347,87.752,79.1969,53.9102,30.6529,75.8989,78.347,79.8166,77.2742,25.7178,55.0],"persistence":[null,null,33.3333,0.0,0.0,16.6667,28.5714,37.5,62.5,62.5,75.0,50.0,37.5,12.5,0.0,25.0,50.0,75.0,87.5,87.5,87.5,75.0,87.5,87.5,62.5,62.5,37.5,12.5],"assessmentRisk":[null,null,null,null,15.9843,3.7051,25.1606,37.0106,40.4352,20.3548,0.5259,23.7467,32.8612,27.2872,47.3701,26.0387,34.8015,34.8708,18.3497,31.4309,34.8129,32.0725,51.0903,50.6969,26.9016,3.6726,31.0345,19.9368],"volumeParticipation":true,"latest":{"consensus":59.5,"control":53.4,"force":87.0,"direction":46.7,"confirmation":55.0,"persistence":12.5,"assessmentRisk":19.9,"intensity":81.5,"evidenceDepth":100},"analysis":{"status":"Completed tape has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Completed tape","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+59.5","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+53.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+87.0","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+46.7","detail":"Upward follow-through","tone":"positive"},{"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":"58.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.8%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"25.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"47%","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":[3359.5459,3437.9028,3163.6541,3256.7026,3315.4702,3501.5676,3619.1028,3584.8215,3555.4377,3682.7676,3619.1028,3390.0,3365.0,3240.0,3315.0,3270.0,3125.0,3090.0,2810.0,2779.0,2890.0,2997.0,2922.0,2871.0,3050.0,2971.0,3025.0,3245.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,3320.1936,3353.1707,3401.522,3434.8492,3456.7744,3497.864,3519.9075,3496.2879,3472.4174,3430.1597,3409.2216,3383.9085,3336.8343,3291.9553,3204.3271,3126.9949,3083.9049,3068.104,3041.5396,3010.5324,3017.7084,3009.2159,3012.0858,3054.4338],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,3427.9987,3414.0729,3406.7341,3396.6057,3376.4867,3355.2655,3314.8755,3275.181,3246.6491,3228.1565,3205.4783,3180.7021,3171.0205,3156.2041,3146.4853,3153.7827],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,3770.4734,3786.4289,3769.2053,3753.8715,3747.1744,3734.4799,3724.4614,3728.3,3732.0241,3778.0828,3808.199,3819.8139,3809.8632,3818.2695,3825.3203,3817.3248,3787.9327,3731.0723,3683.0263],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,3124.9212,3140.1303,3145.1407,3146.294,3122.9793,3119.6635,3110.048,3071.8265,3033.651,2927.2936,2839.8086,2781.239,2747.0995,2714.5278,2668.9068,2650.3552,2626.6905,2624.1407,2638.2045],"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":"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,37.9392,17.1053,6.5705,-5.3479,-26.1917,-45.0159,-81.5873,-111.7833,-125.3126,-125.9487,-130.9948,-137.5237,-126.7926,-123.2421,-114.7482,-89.2359],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,12.0385,0.6276,-15.8154,-35.009,-53.0697,-67.6455,-80.3154,-91.757,-98.7641,-103.6597,-105.8774,-102.5491],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-38.2302,-45.6435,-65.7719,-76.7744,-72.2429,-58.3032,-50.6794,-45.7667,-28.0285,-19.5824,-8.8708,13.3132],"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":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and 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,7.4498,7.1382,6.9817,7.3324,7.1516,8.0396,7.6874,7.2374,6.757,6.7091,6.6566,6.268,6.2731,6.0021,5.7898],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,18.7242,18.6615,18.0513,17.6105,18.1712,17.94,17.9797,19.3077,20.6446,25.3763,29.1333,31.4669,32.4163,33.7908,35.6136,36.0862,36.2061,34.8354,33.0575],"stroke":"#b87806","width":1.7}],"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":"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,26.7958,25.5531],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,10.7681,10.1993,10.5985,9.8056,9.4411,8.5754,8.4206,12.6991,14.8249,14.22,13.545,14.5162,15.551,14.8229,21.0951],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,18.2295,17.2666,16.6183,21.4537,21.3027,25.9892,26.9911,25.5992,24.5518,23.5863,23.1021,21.4449,20.4257,19.4695,17.471],"stroke":"#c13f3f","width":1.6}],"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,-7.9772,-5.2707,-3.5613,0.0,0.0,-0.9472,-1.7591,0.0,-1.7287,-7.9497,-8.6285,-12.0227,-9.9862,-11.2081,-15.1453,-16.0957,-23.6987,-24.5404,-21.5264,-18.621,-20.6575,-22.0423,-17.1818,-19.327,-17.8607,-11.8869],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,13.3127,12.3839,16.4087,14.3963,7.1546,6.3643,2.4132,4.7839,3.3615,0.0,0.0,0.0,0.0,3.9942,7.8445,5.1457,3.3105,9.7517,6.909,8.8521,16.7686],"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":"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,44.4764,25.897,39.2837,40.5519,36.6182,13.5781,46.606,44.3124,46.6422,14.7619,3.4388,19.5398,6.1606,14.3115,15.6611,20.0966,33.7285,84.296,51.3339,24.7911,95.6297],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,129.75,126.9523,130.928,127.0542,123.7468,122.6028,118.8309,122.2799,118.7743,117.7209,117.4887,116.2257,115.8463,116.4976,117.0356,116.4466,115.5121,117.8058,116.6561,117.1602,118.9385],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/44938d9c-e32c-45b5-b59f-22eabdecceee/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/44938d9c-e32c-45b5-b59f-22eabdecceee/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/44938d9c-e32c-45b5-b59f-22eabdecceee/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/44938d9c-e32c-45b5-b59f-22eabdecceee/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/44938d9c-e32c-45b5-b59f-22eabdecceee/technical-pack/data.json"},"source_fingerprint":"d635e32ab6c4db66263b3ae1e7c1bf32bc991148e347372a7f6ed861ea83890a","content_hash":"94855d5a6f804dc7a28606ffc6a7aaef85f9d2a1080c0195139d42df4d0c7a2b","citation":"Sharemaestro, 500A Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/44938d9c-e32c-45b5-b59f-22eabdecceee/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."}