{"schema_version":"1.0","name":"WQTM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"46a9d6fa-23af-4686-928a-b3041ff5a398","symbol":"WQTM","name":"WISDOMTREE QUANTUM COMPUTING FUND","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Activity pressure and cumulative balance, Range pressure and compression, Acceleration, deceleration and rollover, Drawdown and recovery 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":46,"displayedObservations":46,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Negative pressure; price rotational","headline":"Market Dynamics is negative while price has no clear direction","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"The underlying condition is weak, but a negative price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.970165,1.453009,1.980793,2.02004,2.167212,2.241851,2.105496,1.928609,1.689178,1.383277,1.131921,0.794936,0.380421,0.003904,-0.309576,-0.477667,-0.513417,-0.51427],"opens":[30.95,31.14,32.21,34.4,34.42,39.13,39.31,37.15,37.95,37.85,36.5,35.96,34.38,31.51,31.37,31.48,34.6,35.33],"highs":[31.65,32.1084,34.68,38.55,39.12,39.69,41.375,37.7299,38.74,38.65,37.89,36.82,34.39,32.66,32.35,34.62,35.83,35.62],"lows":[30.18,29.953,31.925,33.77,31.87,37.37,35.68,34.31,36.51,35.26,35.16,34.1,30.1501,30.5501,29.13,31.27,33.69,32.51],"closes":[31.17,32.05,34.5,34.01,38.31,39.35,35.98,36.63,37.83,35.83,35.56,34.76,31.06,30.62,31.43,34.6,35.33,33.65],"hoverRows":[[{"label":"Open","value":"30.9","className":"is-ohlc","compact":true},{"label":"High","value":"31.6","className":"is-ohlc","compact":true},{"label":"Low","value":"30.2","className":"is-ohlc","compact":true},{"label":"Close","value":"31.2","className":"is-ohlc","compact":true},{"label":"Market 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weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"35.3","className":"is-ohlc","compact":true},{"label":"High","value":"35.6","className":"is-ohlc","compact":true},{"label":"Low","value":"32.5","className":"is-ohlc","compact":true},{"label":"Close","value":"33.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.51","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.55571,2.55571],"priceRange":[30.0962,39.8738],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.51427,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"slight easing","fourWeekDirection":"weakening","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"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":"Negative and weakening","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and weakening","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"8 May 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":18,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-08","price":34.5}],"reversal_warnings":[{"date":"2026-05-22","price":38.31}],"reversal_dangers":[{"date":"2026-06-05","price":35.98}]}},"smTape":{"available":true,"dates":["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","2025-12-19","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":[28.6784,29.3681,28.59,30.29,27.54,25.65,24.2,26.05,27.36,26.5805,26.29,26.16,26.775,28.15,28.75,28.09,26.98,26.73,26.65,26.34,27.1,25.94,25.554,24.8,24.13,25.285,26.82,31.29,31.17,32.05,34.5,34.01,38.31,39.35,35.98,36.63,37.83,35.83,35.56,34.76,31.06,30.62,31.43,34.6,35.33,33.65],"consensus":[-99.0885,-66.1315,26.5423,52.6642,-45.4713,-53.5416,-53.4453,0.0,19.1752,-23.629,0.0,-21.6884,9.706,43.8351,41.4582,0.0,-27.3102,-14.1378,-16.0928,-18.6007,14.3813,-38.0341,-29.7623,-44.5642,-47.6469,10.7487,37.8143,74.2633,40.212,65.0741,79.6821,18.1385,78.1598,64.3214,-9.6215,39.383,39.5154,-23.5012,0.0,-17.4892,-58.6585,-43.5793,-12.7778,37.3334,31.6394,-11.6108],"supportDates":["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","2025-12-19","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,-52.0899,-52.1193,0.0,24.3431,-33.9599,0.0,-29.1113,19.2874,38.5652,36.0161,0.0,-32.3991,-7.7233,-10.7003,-13.0207,16.4029,-40.4107,-30.9655,-48.3746,-47.0896,19.5641,38.3708,70.6124,39.1863,63.9578,80.453,6.868,74.0586,60.1244,-18.5434,32.1021,40.2927,-14.7626,0.0,-13.4048,-53.7486,-45.2037,-3.1912,46.0746,30.9568,-20.384],"force":[-99.0885,-66.1315,26.5423,52.6642,-40.6682,-41.737,-32.5762,0.0,43.7971,-33.7502,0.0,-16.7303,25.6091,60.3908,37.8356,0.0,-52.7257,-14.3698,-11.7005,-14.0153,28.7426,-51.4875,-24.7901,-42.2855,-45.0505,42.7404,57.371,98.1561,11.1752,67.4865,91.6807,26.3732,94.2407,59.588,-77.119,32.6259,42.0759,-80.1249,0.0,-40.5978,-82.0237,-32.5455,-11.9108,64.0789,30.8523,-31.1658],"direction":[null,null,null,null,-48.902,-63.6326,-69.8673,0.0,4.3181,-4.593,0.0,-16.7466,12.6035,38.0323,50.2654,0.0,-3.3405,-21.3029,-25.393,-28.2532,1.8128,-25.7085,-31.9389,-41.8369,-50.1383,22.1773,23.2093,61.3695,62.1248,64.6268,70.2307,62.8131,71.3606,72.499,-48.7874,52.5307,36.7981,-6.9571,0.0,-5.6508,-47.5805,-49.604,-41.3685,8.2394,32.9818,-12.3837],"intensity":[null,null,null,null,100.0,40.0,50.0,14.2857,12.5,11.1111,20.0,18.1818,8.3333,38.4615,14.2857,20.0,37.5,47.0588,22.2222,5.2632,45.0,42.8571,4.5455,30.4348,25.0,48.0,73.0769,100.0,96.4286,34.4828,90.0,96.7742,96.875,100.0,85.2941,88.5714,66.6667,62.1622,21.0526,33.3333,92.5,53.6585,45.2381,81.3953,70.4545,51.1111],"confirmation":[54.375,43.8287,31.1602,39.5192,59.6646,84.7957,84.4867,34.9508,53.0622,53.0457,24.3041,74.6761,28.8,82.6121,81.2392,5.9457,54.7696,49.9622,73.098,73.8975,50.3422,80.5447,77.3541,82.133,83.1764,31.6781,80.6881,92.548,79.9985,88.9143,93.8522,10.2458,93.5637,88.5026,38.0746,80.5076,80.7111,56.1968,4.5327,51.6964,87.5576,81.5843,6.0235,80.6286,78.111,29.4862],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,37.5,12.5,12.5,25.0,50.0,25.0,0.0,25.0,25.0,0.0,0.0,12.5,12.5,12.5,37.5,62.5,75.0,75.0,50.0,25.0,0.0,0.0,25.0,50.0,75.0,100.0,100.0,75.0,75.0,75.0,50.0,37.5,12.5,12.5,37.5,37.5,37.5,37.5,37.5],"assessmentRisk":[null,null,null,null,6.8414,22.1982,22.9681,50.0483,14.9779,38.2716,46.2292,14.684,24.7562,18.5472,26.4382,41.129,21.3774,35.8454,40.6523,38.8997,0.7064,20.6678,30.7549,26.2592,26.1418,39.0721,26.6613,12.8537,29.8878,17.4563,10.1555,38.2653,10.8871,17.8117,35.633,23.2633,31.6562,34.9027,8.5405,26.3968,20.5045,27.4836,41.6308,22.3137,32.1867,52.0612],"volumeParticipation":true,"latest":{"consensus":-11.6,"control":-20.4,"force":-31.2,"direction":-12.4,"confirmation":29.5,"persistence":37.5,"assessmentRisk":52.1,"intensity":51.1,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-11.6","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-20.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-31.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-12.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"29/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"54.0","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"8.7%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"17.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"58%","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 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