{"schema_version":"1.0","name":"JNUG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4a4622f1-3577-40da-bd7e-b77347c77803","symbol":"JNUG","name":"Direxion Daily Junior Gold Miners Index Bull 2X Shares","exchange":"MEX","country":"MX","asset_type":"etf","currency":"MXN","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","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, Acceleration, deceleration and rollover, Strength versus the research benchmark, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range position and boundary pressure."},{"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":68,"displayedObservations":68,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms it.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.172015,0.311246,0.287492,0.37431,0.532869,0.588116,0.606919,0.579308,0.65757,0.752331,0.786639,0.687508,0.612551,0.524433,0.675328,0.687768,0.369267,-0.067759,-0.573524,-0.962671,-1.063253,-1.031191,-0.943145,-0.997427,-0.989434,-0.979983,-1.025554,-1.018535,-1.161185,-1.456228,-1.764958,-2.125707,-2.15161,-2.14907,-2.152463,-2.166455,-2.143846,-1.627844,-1.054765,-0.375916],"opens":[2694.195801,2655.480355,3375.189998,3077.378938,3613.438419,4089.519544,3796.456959,3673.934256,4477.622218,4498.086914,6047.097279,4468.298383,4451.458011,4697.313965,5420.542418,6215.899581,4458.369074,3951.961615,2929.21784,3175.040039,3650.0,3904.346082,4083.637516,3436.231689,3112.528683,3784.834871,3160.307291,2901.374756,2490.022991,2310.741292,2508.947021,2190.0,2325.0,2127.969971,1800.0,1815.0,2000.0,2000.0,2820.0,2950.0],"highs":[2854.021002,3375.189941,3389.087839,3738.538997,3886.779297,4248.839173,3941.096382,4205.174805,4598.087364,5794.886719,6217.289706,4517.946143,5059.106934,5015.416992,6009.364746,6215.899581,5064.071512,4120.962781,3266.0,4000.0,4071.0,4341.604064,4083.637516,3436.231689,3782.84288,3887.393907,3207.149633,3203.165394,2490.022991,2430.262394,2508.947021,2284.0,2395.0,2127.969971,1875.0,2233.0,2101.0,2903.409912,3020.0,3527.969971],"lows":[2531.392334,2655.480355,3092.26956,3077.378938,3444.679199,3940.60973,3436.121609,3673.934256,4270.879087,4498.086914,3966.856162,3872.525391,4398.791504,4074.095272,5126.627886,4577.523384,3951.96167,2690.908701,2829.0,3150.0,3560.0,3904.346082,3486.031982,3057.051025,3047.788086,3079.660361,2774.881603,2739.025203,2297.793216,2257.952806,2508.947021,2190.0,2325.0,2127.969971,1800.0,1815.0,1900.0,2000.0,2720.0,2740.0],"closes":[2531.392334,3375.189941,3275.323975,3673.000732,3886.779297,4241.890137,3597.893799,4205.174805,4498.086914,5794.886719,4051.227539,4229.989258,4697.313965,5015.416992,6009.364746,4716.537109,3951.96167,2755.500488,3049.909912,3835.0,3926.0,4233.039063,3587.625,3168.883057,3595.593018,3117.48877,2901.374756,3187.229248,2316.926514,2412.334229,2508.947021,2210.0,2395.0,2127.969971,1835.0,2070.0,1935.0,2835.310059,2864.0,3527.969971],"hoverRows":[[{"label":"Open","value":"2,694","className":"is-ohlc","compact":true},{"label":"High","value":"2,854","className":"is-ohlc","compact":true},{"label":"Low","value":"2,531","className":"is-ohlc","compact":true},{"label":"Close","value":"2,531","className":"is-ohlc","compact":true},{"label":"Market 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Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 46.1% across 2 completed cases, with the largest move arriving after 9.5 weeks on average.","approach":"Avoid adding simply because price is rising. 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history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-01-23","price":5794.886719}],"reversal_dangers":[{"date":"2026-01-30","price":4051.227539}]}},"smTape":{"available":true,"dates":["2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","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":[1434.2216,1177.1534,1411.3931,1411.3931,1632.7296,1660.5208,1513.1187,1384.741,1479.0422,1439.3267,1426.4321,1563.4174,1383.1033,1637.8657,1737.1304,1760.954,1980.825,2206.6318,2503.4531,2580.8694,2804.3857,3039.0903,3026.7512,3158.7212,2711.0715,2566.137,2461.9033,2731.9185,2531.3923,3375.1899,3275.324,3673.0007,3886.7793,4241.8901,3597.8938,4205.1748,4498.0869,5794.8867,4051.2275,4229.9893,4697.314,5015.417,6009.3647,4716.5371,3951.9617,2755.5005,3049.9099,3835.0,3926.0,4233.0391,3587.625,3168.8831,3595.593,3117.4888,2901.3748,3187.2292,2316.9265,2412.3342,2508.947,2210.0,2395.0,2127.97,1835.0,2070.0,1935.0,2835.3101,2864.0,3527.97],"consensus":[100.0,-22.2223,82.439,0.0,19.1956,23.1577,-11.5271,-17.276,0.0,-8.491,0.0,21.5047,0.0,34.4813,34.0006,26.4989,43.0066,51.3618,57.6726,50.1712,54.0215,64.4059,28.8402,33.9643,-18.8539,0.0,-12.7594,20.0055,-24.4421,67.2441,27.2581,65.6408,57.6885,61.8196,0.0,66.5645,52.8358,85.5937,-26.9234,13.9703,35.0449,32.8828,72.2317,-25.1091,-45.7446,-71.857,-23.0792,12.8572,0.0,27.834,-34.8613,-44.2325,0.0,-55.0377,-41.6899,0.0,-64.2859,-18.7185,-24.2539,-47.0979,0.0,-35.3539,-42.641,0.0,-43.2993,51.5318,22.2669,-69.8464],"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":[49.8488,57.3382,65.6438,51.3192,59.5581,60.543,19.9278,19.7766,-21.5014,0.0,-2.6741,21.9421,-25.2229,70.577,23.4161,66.1011,65.8043,71.674,0.0,74.6825,52.7729,89.7081,-36.8458,13.8788,37.656,49.0394,79.7061,-33.0597,-43.6954,-68.7734,-17.274,25.8259,0.0,28.3372,-42.6402,-44.7218,0.0,-48.8913,-40.5711,0.0,-67.6372,-5.988,-20.9736,-49.7683,0.0,-36.854,-41.6728,0.0,-45.2445,48.7439,16.4325,-67.1461],"force":[37.4004,48.6881,48.0381,39.3657,36.4008,72.1488,1.0635,22.5408,-65.0786,0.0,-23.7984,43.3515,-47.9809,81.8248,1.9994,77.0694,41.4114,44.2574,0.0,70.4712,44.7961,99.2153,-82.2767,9.3735,32.3691,30.5544,74.6112,-79.5692,-67.1904,-94.6505,-13.7751,49.277,0.0,33.1519,-59.6333,-42.5479,0.0,-76.782,-36.1219,0.0,-66.929,-8.4888,-1.1427,-29.1956,0.0,-17.9731,-23.2994,0.0,-33.2381,83.8351,12.6384,-93.1302],"direction":[39.1913,46.4413,55.4444,56.5774,60.2803,63.2899,58.8661,58.3386,-17.1895,0.0,-16.4006,1.1167,-6.7364,53.0204,49.6909,56.9516,60.0399,63.1018,0.0,54.4963,58.6504,71.1618,-23.9547,17.3583,33.9721,16.0811,61.9899,-22.8773,-32.7683,-59.1,-56.0382,27.9782,0.0,23.4603,-8.2769,-44.8766,0.0,-46.5304,-46.9457,0.0,-58.568,-52.7014,-44.5108,-56.8335,0.0,-46.0544,-57.5629,0.0,-48.2627,31.6443,35.8124,-56.3012],"intensity":[68.75,76.4706,94.4444,21.0526,95.0,80.9524,63.6364,95.6522,95.8333,96.0,23.0769,85.1852,46.4286,96.5517,80.0,77.4194,75.0,87.8788,91.1765,88.5714,86.1111,100.0,100.0,97.4359,77.5,56.0976,90.4762,93.0233,90.9091,91.1111,82.6087,78.7234,56.25,48.9796,76.0,76.4706,55.7692,61.5385,78.8462,38.4615,86.5385,11.5385,30.7692,36.5385,17.3077,30.7692,40.3846,42.3077,9.6154,86.5385,75.0,71.1538],"confirmation":[81.487,84.2632,86.0401,83.708,84.6655,88.9047,53.8515,78.7366,33.7354,25.6272,49.9065,52.4171,53.8603,89.9117,53.3447,89.3464,85.8406,87.0969,33.0406,89.296,84.6634,95.7424,37.9282,72.3318,79.093,78.2053,91.0728,37.1207,83.3231,91.7359,31.956,33.662,26.116,77.0613,79.792,82.0956,30.2331,86.3684,81.1881,29.6687,88.601,7.1657,52.4402,82.4851,6.3319,78.7607,81.0704,7.8786,81.5195,85.5171,74.9209,91.1016],"persistence":[50.0,75.0,87.5,87.5,100.0,100.0,100.0,100.0,75.0,62.5,37.5,37.5,12.5,12.5,12.5,12.5,37.5,50.0,62.5,62.5,87.5,87.5,62.5,62.5,62.5,62.5,75.0,50.0,25.0,0.0,0.0,0.0,12.5,12.5,37.5,37.5,25.0,25.0,25.0,37.5,50.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,50.0,25.0,0.0],"assessmentRisk":[28.4791,24.2916,21.1589,24.9135,22.9889,17.7966,35.5406,33.0061,12.2908,47.388,43.2945,58.4758,21.6839,15.9197,35.9045,16.9496,21.139,18.666,36.9694,10.141,18.9354,7.045,41.5822,5.2376,3.9312,56.4776,13.4521,39.1318,12.4174,13.3986,38.3185,43.7007,3.6711,32.4581,45.9919,14.9181,24.9097,18.4948,17.1249,1.4065,16.7181,33.4501,22.6822,25.1385,10.7879,13.6205,26.2163,15.1616,21.8289,20.9986,38.2978,14.9586],"volumeParticipation":true,"latest":{"consensus":-69.8,"control":-67.1,"force":-93.1,"direction":-56.3,"confirmation":91.1,"persistence":0.0,"assessmentRisk":15.0,"intensity":71.2,"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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-69.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-67.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-93.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-56.3","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"91/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"55.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"15.7%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"17.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"39%","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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direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,7.9211,21.6363,40.0538,55.9275,85.2663,125.294,178.9049,225.0446,276.4597,332.3145,371.304,408.1475,396.6523,371.5641,339.3588,331.799,306.0986,349.7861,372.0615,416.9973,464.5048,524.7602,514.6158,549.2474,593.4873,724.8333,680.3842,652.0659,659.7277,683.5881,773.7811,732.4957,630.8102,448.5092,324.0552,285.4838,259.27,260.2706,206.6025,128.7964,100.409,38.8846,-27.0013,-55.5104,-146.6399,-208.7556,-247.3358,-298.5914,-320.5884,-355.4706,-402.1198,-415.3394,-431.7326,-367.8366,-311.2952,-210.4825],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,36.5886,54.3297,79.2447,108.4047,142.0157,180.0755,218.3212,256.2864,284.3596,301.8005,309.3121,313.8095,312.2673,319.7711,330.2292,347.5828,370.9672,401.7258,424.3038,449.2925,478.1315,527.4718,558.0543,576.8566,593.4308,611.4623,643.9261,661.64,655.474,614.0811,556.0759,501.9575,453.42,414.7901,373.1526,324.2813,279.5069,231.3824,179.7057,132.6625,76.802,19.6905,-33.7148,-86.6901,-133.4698,-177.8699,-222.7199,-261.2438,-295.3416,-309.8406,-310.1315,-290.2017],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,48.6777,70.9643,99.6602,116.6399,134.444,152.239,152.9828,151.8611,112.2927,69.7636,30.0466,17.9895,-6.1687,30.015,41.8324,69.4145,93.5376,123.0344,90.312,99.9549,115.3559,197.3615,122.3299,75.2093,66.2969,72.1258,129.8551,70.8557,-24.6638,-165.5719,-232.0207,-216.4736,-194.15,-154.5195,-166.5501,-195.4849,-179.0978,-192.4978,-206.707,-188.1729,-223.4419,-228.4461,-213.621,-211.9013,-187.1186,-177.6007,-179.3999,-154.0956,-136.391,-57.9961,-1.1637,79.7192],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","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":"relative","eyebrow":"Relative 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