{"schema_version":"1.0","name":"XLKI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"48a513fb-6777-424f-b166-907fa3d9c391","symbol":"XLKI","name":"STATE STREET TECHNOLOGY SELECT SECTOR SPDR PREMIUM INCOME ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. The upward price structure has improving support, but confirmation is not complete.","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 position and boundary pressure, Range pressure and compression, Acceleration, deceleration and rollover, 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":56,"displayedObservations":56,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. The upward price structure has improving support, but confirmation is not complete.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving but remains below zero","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. The upward price structure has improving support, but confirmation is not complete.","take":"Continued repair would strengthen the upward case. Renewed weakness would leave price ahead of the underlying 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evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.5,"sample":1},{"week":2,"averageReturn":2.0,"sample":1},{"week":3,"averageReturn":3.8,"sample":1},{"week":4,"averageReturn":-2.4,"sample":1},{"week":5,"averageReturn":-0.1,"sample":1},{"week":6,"averageReturn":2.8,"sample":1},{"week":7,"averageReturn":-1.0,"sample":1},{"week":8,"averageReturn":-2.8,"sample":1},{"week":9,"averageReturn":0.1,"sample":1},{"week":10,"averageReturn":-4.2,"sample":1},{"week":11,"averageReturn":-4.0,"sample":1},{"week":12,"averageReturn":-3.8,"sample":1},{"week":13,"averageReturn":2.0,"sample":1},{"week":14,"averageReturn":3.7,"sample":1},{"week":15,"averageReturn":0.6,"sample":1},{"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}]},"currentApplication":{"status":"Repair in progress","tone":"caution","headline":"Market Dynamics is improving but remains below zero","use":"The repair supports the upward structure, but confirmation remains incomplete until Market Dynamics moves above zero.","confirm":"Continued repair would strengthen the upward case. Renewed weakness would leave price ahead of the underlying position.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price is rising before Market Dynamics turns positive","detail":"The upward price structure is visible, but the underlying repair is not yet complete."}},"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":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 4.4% across 1 completed cases, with the largest move arriving after 1.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-08","price":26.150332}],"reversal_dangers":[{"date":"2026-06-05","price":25.527066},{"date":"2026-07-17","price":25.062491}]}},"smTape":{"available":true,"dates":["2025-08-01","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","2025-12-19","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":[21.0138,21.6746,21.7497,21.6005,21.6247,21.6851,22.3259,22.6567,22.6554,22.9153,22.6551,23.0228,23.6035,23.8239,23.3326,23.4153,22.4418,23.4183,23.9085,23.6337,23.5343,23.8176,23.7075,23.9598,24.0496,24.0587,23.9556,23.5879,23.3767,23.6437,23.537,23.301,23.2959,23.1379,22.4008,23.4113,24.43,25.2994,25.6723,25.313,26.1503,26.2734,26.6813,27.1463,25.5271,26.1315,26.8951,25.8791,25.4182,26.1684,25.0625,25.1172,25.1499,26.6839,27.1132,26.309],"consensus":[-88.5278,100.0,0.0,15.6643,35.4756,24.1952,60.6826,72.4631,44.4901,58.8706,0.0,55.3102,75.6984,51.9645,0.0,29.5731,-51.3232,46.1259,60.4093,0.0,21.6364,44.0937,0.0,44.4647,33.1217,30.3206,0.0,-26.8444,-29.3408,10.0665,-14.3751,-24.3824,-9.1327,-32.3641,-60.9752,33.5096,59.2628,71.4622,61.0579,34.1387,75.7051,43.145,58.9266,63.7066,-38.0346,32.1102,48.0143,-37.1499,-23.0149,34.4194,-47.5717,-20.5292,0.0,50.313,44.6378,-14.8329],"supportDates":["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","2025-12-19","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,29.4299,68.4201,68.5838,39.6246,49.5707,0.0,45.8755,75.1092,37.456,0.0,20.0457,-41.5553,58.8662,63.9522,0.0,20.2691,53.5193,0.0,49.6738,33.329,34.8485,0.0,-16.7413,-25.4504,21.4261,-6.2187,-19.2697,-6.7572,-31.1175,-55.8834,37.231,58.4046,72.8222,65.7368,40.3768,77.4431,41.6279,64.1512,66.4865,-36.208,31.2974,56.5541,-30.5558,-22.2973,37.2067,-37.1523,-16.3675,0.0,54.4493,45.852,-19.5834],"force":[0.1663,16.563,44.8089,78.7868,16.5312,53.7434,0.0,63.3471,76.5531,41.2489,0.0,14.008,-89.1381,72.5754,74.5986,0.0,3.2328,40.0258,0.0,48.2128,22.7933,21.4826,0.0,-61.0004,-36.0575,22.957,-22.923,-32.6751,-1.3078,-34.8035,-78.053,72.4641,81.4917,89.4222,53.3039,6.9848,90.7099,21.4044,46.11,54.4269,-94.3118,47.2376,45.7394,-87.2625,-41.8663,58.6113,-77.5448,-16.6508,0.0,72.2785,40.7414,-63.0723],"direction":[60.6965,23.6643,63.1782,72.3797,70.0212,73.1612,0.0,60.3522,75.7614,76.1997,0.0,51.5794,-35.4759,12.673,46.225,0.0,36.3446,36.2272,0.0,35.8341,40.2624,31.4587,0.0,-13.9935,-28.9892,12.1234,-17.5912,-24.3021,-17.4367,-32.0465,-54.5961,1.432,44.3658,57.0792,61.2491,56.3832,63.0012,60.4078,62.1103,67.1581,-0.0758,22.2338,39.8796,-8.8914,-10.3698,13.9539,-38.0704,-28.0558,0.0,29.8963,46.0334,-25.0527],"intensity":[75.0,40.0,83.3333,71.4286,12.5,55.5556,20.0,63.6364,83.3333,100.0,100.0,13.3333,100.0,100.0,77.7778,21.0526,65.0,57.1429,4.5455,17.3913,25.0,12.0,50.0,100.0,75.0,44.8276,30.0,41.9355,3.125,12.1212,88.2353,97.1429,100.0,94.5946,84.2105,53.8462,85.0,63.4146,52.381,90.6977,100.0,91.1111,100.0,87.234,54.1667,71.4286,90.0,76.4706,96.1538,96.1538,96.1538,65.3846],"confirmation":[32.4047,75.4301,86.8168,91.44,81.4589,86.824,36.1092,86.088,92.2585,84.5231,36.8161,77.1342,85.7247,83.3722,87.7094,9.9462,51.717,81.8424,3.8566,82.2635,78.281,77.3642,4.5502,77.7851,77.653,28.694,50.3182,76.133,25.3868,78.4499,88.1101,57.1869,87.6546,91.3945,87.2309,56.3994,92.6565,81.1669,86.3863,88.0609,59.2635,78.7487,83.1651,81.5157,75.9502,79.709,84.2952,74.5146,25.4752,84.7066,82.1469,24.592],"persistence":[40.0,50.0,57.1429,62.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,75.0,50.0,50.0,62.5,50.0,50.0,50.0,50.0,50.0,75.0,75.0,62.5,50.0,25.0,25.0,12.5,12.5,37.5,62.5,75.0,50.0,25.0,25.0,0.0,25.0,50.0,75.0,100.0,100.0,75.0,75.0,75.0,50.0,25.0,25.0,0.0,25.0,12.5,12.5,12.5,12.5],"assessmentRisk":[30.477,10.1867,17.1689,13.6936,27.6819,20.5538,41.3446,15.2355,11.9927,23.857,48.0072,27.9334,23.9304,57.1683,10.900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Dynamics has stronger support","headline":"The gauges support the Market Dynamics view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward Market Dynamics view stronger support.","take":"Current assessment: the visible price structure remains vulnerable until Market Dynamics changes.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-14.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-19.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-63.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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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,218.1306,105.0395,169.1127,200.6984,180.8672,94.8611,153.6774,181.562,137.1169,212.2105,110.6045,171.2245,256.7361,235.612,64.1421,80.005,145.0419,76.8268,187.2868,74.708,193.5757,61.5624,45.9759,263.1473,121.0855,45.938,52.6655,95.1189,101.5413,111.8683,190.9039,119.7099,151.7851,201.4869,114.7124,68.5339,107.8055,186.978,135.0992,78.5068,141.4163,135.3203,118.2223,142.9068,118.7716,252.3589,90.1087,104.5908,248.8708],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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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,0.5449,0.6134,0.6209,0.6263,0.5457,0.5542,0.5937,0.596,0.583,0.5888,0.5779,0.5828,0.5872,0.5847,0.5679,0.5189,0.4577,0.4259,0.3876,0.3343,0.2884,0.2365,0.1344,0.1334,0.2124,0.3412,0.468,0.5334,0.6453,0.7354,0.8302,0.9321,0.8721,0.8634,0.9077,0.851,0.7601,0.74,0.6277,0.5369,0.4622,0.5208,0.5951,0.5823],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.5748,0.5707,0.5753,0.5794,0.5801,0.5819,0.5811,0.5814,0.5826,0.583,0.58,0.5678,0.5458,0.5218,0.4949,0.4628,0.4279,0.3896,0.3386,0.2975,0.2805,0.2927,0.3277,0.3689,0.4241,0.4864,0.5552,0.6305,0.6789,0.7158,0.7542,0.7735,0.7708,0.7647,0.7373,0.6972,0.6502,0.6243,0.6185,0.6112],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0291,-0.0165,0.0184,0.0165,0.0029,0.0069,-0.0032,0.0014,0.0046,0.0017,-0.0121,-0.0489,-0.088,-0.0959,-0.1074,-0.1285,-0.1395,-0.1531,-0.2042,-0.1641,-0.0681,0.0486,0.1403,0.1645,0.2211,0.249,0.275,0.3016,0.1933,0.1477,0.1535,0.0774,-0.0108,-0.0246,-0.1096,-0.1603,-0.188,-0.1035,-0.0234,-0.029],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-08-01","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","2025-12-19","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"]},{"key":"directional","eyebrow":"Trend 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