{"schema_version":"1.0","name":"ASMS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"46351898-0696-42df-bc6f-2f0459662881","symbol":"ASMS","name":"Leverage Shares -3x Short ASML ETP Securities","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Range position and boundary pressure, Directional strength and control."},{"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":42,"displayedObservations":42,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.00791,-0.05438,-0.272969,-0.47676,-0.724772,-0.856348,-0.88922,-0.630367,-0.171445,0.321534,0.842695,1.174661,1.320896,1.386338],"opens":[1.455,1.007,0.933,0.631,0.557,0.643,0.525,0.584,0.599,0.602,0.54,0.712,0.511,0.441],"highs":[1.555,1.115,0.933,0.631,0.5585,0.643,0.525,0.584,0.624,0.6175,0.8435,0.723,0.55,0.539],"lows":[1.05,1.007,0.9255,0.598,0.557,0.6375,0.5115,0.5765,0.599,0.538,0.54,0.545,0.457,0.436],"closes":[1.06,1.0875,0.9255,0.598,0.5585,0.6375,0.5115,0.5765,0.613,0.577,0.686,0.5755,0.4775,0.526],"hoverRows":[[{"label":"Open","value":"1.46","className":"is-ohlc","compact":true},{"label":"High","value":"1.55","className":"is-ohlc","compact":true},{"label":"Low","value":"1.05","className":"is-ohlc","compact":true},{"label":"Close","value":"1.06","className":"is-ohlc","compact":true},{"label":"Market 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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":"0.44","className":"is-ohlc","compact":true},{"label":"High","value":"0.54","className":"is-ohlc","compact":true},{"label":"Low","value":"0.44","className":"is-ohlc","compact":true},{"label":"Close","value":"0.53","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.39","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[0.4409,1.1241],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":1.386338,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"slight strengthening","fourWeekDirection":"strengthening","now":{"label":"Slightly stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"21 Aug 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-08-21","price":0.526}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":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"],"close":[8.95,8.8025,10.0825,7.6738,6.3625,6.69,7.1588,7.0438,5.21,3.7795,2.9725,2.736,2.4275,2.5095,2.404,2.1285,2.209,2.811,2.6055,2.7585,2.6455,2.4785,1.648,1.706,1.709,1.7715,1.326,1.374,1.06,1.0875,0.9255,0.598,0.5585,0.6375,0.5115,0.5765,0.613,0.577,0.686,0.5755,0.4775,0.526],"consensus":[100.0,-11.8908,94.837,-34.2988,-75.5318,-20.5958,-21.4966,-39.3158,-74.7627,-85.2898,-80.0043,-70.2707,-55.6001,-47.3992,-43.4134,-65.0899,-21.2063,9.6918,-35.2625,0.0,0.0,-35.1682,-67.7369,-29.3012,-34.119,-29.914,-59.1213,-19.3855,-59.1723,-21.4466,-43.6972,-52.8448,-19.9785,-36.7861,-46.1095,-26.8813,-13.1255,-22.151,0.0,-33.0726,-35.3222,-0.0724],"supportDates":["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"],"control":[null,null,null,null,null,-2.4026,-3.7447,-41.6318,-83.2896,-84.1085,-74.1394,-68.9881,-40.2097,-46.5376,-41.6935,-67.6372,-18.1258,1.5563,-42.3021,0.0,0.0,-38.4441,-70.5463,-28.9675,-36.7938,-33.6623,-65.8276,-19.3329,-63.5964,-16.0369,-57.9196,-66.0305,-11.3058,-48.3733,-58.3248,-47.0837,-21.0059,-28.6872,0.0,-44.1211,-43.2174,-0.3857],"force":[100.0,-11.8908,94.837,-34.2988,-43.7539,-15.1468,-6.5817,-18.254,-62.2351,-90.502,-83.6706,-54.4758,-43.1754,-7.9864,-12.617,-55.5885,-10.0769,71.5668,-36.8466,0.0,0.0,-35.5871,-89.6335,-4.1163,-14.4395,-10.4359,-77.83,-3.6679,-72.3878,-0.7087,-25.8945,-37.0458,-1.8167,-11.337,-32.5397,-2.8019,-5.8044,-12.2026,0.0,-42.7141,-39.8442,-20.4505],"direction":[null,null,null,null,-98.2304,-72.41,-61.8404,-51.713,-73.966,-82.9168,-84.0882,-83.0185,-82.0639,-76.5359,-67.3764,-68.9654,-47.072,25.207,-26.0857,0.0,0.0,-31.1251,-48.8856,-47.6716,-45.1189,-39.5433,-38.0935,-35.9122,-44.6766,-43.4545,-40.1594,-49.0602,-45.4582,-41.7214,-41.8418,-24.9952,-17.6406,-21.787,0.0,-13.5589,-23.0692,-13.9597],"intensity":[null,null,null,null,75.0,20.0,50.0,42.8571,75.0,77.7778,40.0,9.0909,41.6667,23.0769,21.4286,13.3333,18.75,41.1765,33.3333,47.3684,5.0,19.0476,63.6364,69.5652,4.1667,8.0,34.6154,29.6296,21.4286,37.931,10.0,29.0323,3.125,6.0606,11.7647,2.8571,2.7778,5.4054,28.9474,17.9487,25.0,4.878],"confirmation":[54.6667,26.4717,53.0145,33.6423,68.0508,9.5957,30.3645,79.9039,91.4123,95.4696,93.8025,90.0248,85.6479,59.3131,80.9799,88.5004,30.696,10.4885,79.225,5.278,48.1218,79.2167,90.3003,53.9472,78.2776,76.9218,87.3868,51.6174,87.2705,51.7547,81.2238,84.2279,51.5819,78.8194,82.1553,53.3206,50.0748,74.6855,27.6974,78.7087,79.3206,2.6723],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,62.5,50.0,50.0,50.0,50.0,50.0,75.0,75.0,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,75.0],"assessmentRisk":[null,null,null,null,9.9969,36.0956,38.4203,5.5746,0.2033,6.7179,9.9498,14.8373,21.8017,19.2909,4.3507,1.7538,4.8568,15.9266,32.4354,34.896,33.4925,12.9787,15.6238,35.2244,32.6878,34.0395,8.5031,28.8763,18.5768,37.8216,23.9271,23.3175,38.2846,28.6956,23.1233,7.1899,22.0805,6.135,35.5201,16.1732,20.5702,20.5003],"volumeParticipation":true,"latest":{"consensus":-0.1,"control":-0.4,"force":-20.5,"direction":-14.0,"confirmation":2.7,"persistence":75.0,"assessmentRisk":20.5,"intensity":4.9,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-0.1","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-0.4","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-20.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-14.0","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"3/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"23.4","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"64.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"38.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"3%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}