{"schema_version":"1.0","name":"QEW Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"481049bb-f431-4ec7-b8fa-dbfa048f2f7e","symbol":"QEW","name":"Invesco QQQ Equal Weight ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"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, Completed returns and cumulative progression, Range expansion and closing direction, Range position and boundary pressure, Range pressure and compression, 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":23,"displayedObservations":23,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","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":["2026-03-20","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],"opens":[25.04,24.7,23.86,24.8,25.16,26.54155,26.931132,27.359074,28.319644,28.169805,29.378509,29.638231,29.398488,30.287535,30.23,29.8,29.89,29.63,29.13,28.69,29.14,30.26,30.8999],"highs":[25.09,24.98,24.6899,25.58,26.51,26.934629,27.330704,28.249719,28.319644,28.978937,29.546129,30.327492,29.658209,30.467342,30.2999,30.31,30.08,29.74,29.31,29.14,30.39,31.0,30.9],"lows":[24.345,23.86,23.71,24.5,24.9823,26.351853,26.471625,27.200843,27.680329,27.750254,28.973943,28.784446,28.029955,29.513365,29.3,29.515,29.21,28.89,28.5906,28.6222,29.14,30.26,30.24],"closes":[24.4287,23.8657,24.5884,25.0574,26.4197,26.934629,27.296741,28.229641,27.873223,28.879544,29.521056,28.784446,29.618252,30.124609,29.4907,29.7842,29.8821,28.96,28.5906,29.057,30.2471,30.8625,30.4336],"hoverRows":[[{"label":"Open","value":"25.0","className":"is-ohlc","compact":true},{"label":"High","value":"25.1","className":"is-ohlc","compact":true},{"label":"Low","value":"24.3","className":"is-ohlc","compact":true},{"label":"Close","value":"24.4","className":"is-ohlc","compact":true},{"label":"Market 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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":false,"observations":23,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":28.879544},{"date":"2026-08-07","price":30.2471}],"reversal_dangers":[{"date":"2026-05-29","price":29.521056},{"date":"2026-08-14","price":30.8625}]}},"smTape":{"available":true,"dates":["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":[24.4287,23.8657,24.5884,25.0574,26.4197,26.9346,27.2967,28.2296,27.8732,28.8795,29.5211,28.7844,29.6183,30.1246,29.4907,29.7842,29.8821,28.96,28.5906,29.057,30.2471,30.8625,30.4336],"consensus":[-77.5302,-98.9821,79.2836,0.0,78.6448,66.1913,62.8703,84.524,23.6943,81.9533,71.0117,0.0,68.6975,54.6312,0.0,40.0492,33.6448,-26.4476,-28.2482,22.4794,59.4615,58.1153,11.1952],"supportDates":["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,72.5436,66.7685,82.9372,10.5725,78.9511,72.2994,0.0,65.7882,48.8841,0.0,29.7821,39.8451,-25.1621,-27.9812,36.7113,66.3556,64.4175,3.4038],"force":[-77.5302,-98.9821,79.2836,0.0,53.2466,40.1541,35.7348,91.8518,27.4738,89.4019,53.8467,0.0,63.2165,35.9236,0.0,21.265,15.8401,-57.1767,-41.4684,36.4002,78.5716,52.7022,28.8396],"direction":[null,null,null,null,96.7863,77.5296,77.7976,81.1034,75.2393,80.064,81.8009,0.0,75.9372,74.562,0.0,65.2002,39.2762,-5.9674,-19.1103,3.729,37.9325,54.7793,48.6959],"intensity":[null,null,null,null,100.0,100.0,16.6667,71.4286,25.0,77.7778,80.0,45.4545,50.0,100.0,28.5714,6.6667,12.5,64.7059,22.2222,26.3158,85.0,76.1905,18.1818],"confirmation":[47.4763,54.341,48.0374,0.598,69.3386,88.2909,87.2321,95.2952,34.7505,94.4978,90.181,38.3888,89.8605,84.9994,11.2314,80.3997,78.1292,54.7527,77.4464,53.5297,87.505,86.3359,8.6335],"persistence":[null,null,33.3333,25.0,0.0,16.6667,28.5714,37.5,62.5,87.5,87.5,87.5,87.5,87.5,75.0,75.0,75.0,50.0,25.0,37.5,37.5,37.5,50.0],"assessmentRisk":[null,null,null,null,10.3576,16.8993,18.5576,7.737,37.4074,8.8883,14.4585,35.6762,15.2683,21.0978,1.7857,26.3868,3.4799,34.3536,30.2188,51.7989,4.9271,20.6194,44.0751],"volumeParticipation":true,"latest":{"consensus":11.2,"control":3.4,"force":28.8,"direction":48.7,"confirmation":8.6,"persistence":50.0,"assessmentRisk":44.1,"intensity":18.2,"evidenceDepth":88},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. 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