{"schema_version":"1.0","name":"US4E Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4975a358-068d-48a2-8f21-92f65d93022a","symbol":"US4E","name":"State Street SPDR S&P 400 US Mid Cap UCITS ETF EUR Hedged (Dist)","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","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, Strength versus the research benchmark, Range pressure and compression, 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":61,"displayedObservations":61,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","take":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through 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Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","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":"+20.7","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+27.3","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+64.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+18.4","detail":"Upward 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upward.","series":[{"label":"Close","values":[30.2467,30.6992,30.8533,30.7538,30.9925,29.9485,30.3611,30.7787,31.6437,31.4548,31.7929,31.8625,31.6935,31.5458,31.8644,30.8886,30.9483,31.5308,31.2172,30.8687,31.0778,30.565,31.974,32.1233,32.3324,32.2578,32.3968,32.1523,33.2999,33.8936,33.6591,33.0654,34.4524,34.4125,34.6071,34.3826,32.8957,32.1124,31.9028,32.045,32.76,33.885,35.05,34.8171,34.7273,35.401,34.6076,35.0467,35.7204,35.6605,36.424,36.2793,36.525,36.475,36.155,36.09,36.42,35.845,37.16,37.485,36.565],"stroke":"#10243b","width":2.1},{"label":"Fast 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leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative 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