{"schema_version":"1.0","name":"YMAR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4ac53823-0e01-4a7d-983d-236fbd61b86c","symbol":"YMAR","name":"IncomeShares Mara (MARA) Options ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","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, Acceleration, deceleration and rollover, Drawdown and recovery pressure, 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":21,"displayedObservations":21,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","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 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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":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":1018.25}],"reversal_dangers":[{"date":"2026-05-29","price":1039.797363}]}},"smTape":{"available":true,"dates":["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":[682.7983,746.8107,866.0199,861.6086,915.6385,875.448,905.6703,1018.25,1039.7974,799.5284,911.8933,904.5954,942.0118,850.25,908.5,727.125,850.5,782.375,667.125,583.75,669.25],"consensus":[0.0,73.0088,100.0,-11.4771,75.69,35.3437,35.2353,80.3793,47.8855,-41.3788,44.5474,0.0,30.1236,0.0,21.2728,-70.8508,23.5881,-37.1546,-75.1425,-72.6846,-4.0915],"supportDates":["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,24.0457,30.7907,82.7198,33.9593,-40.0552,58.957,0.0,54.2216,0.0,26.7527,-78.2889,34.4497,-31.0954,-75.3372,-76.1793,-14.5563],"force":[0.0,73.0088,100.0,-11.4771,43.0799,4.8326,7.3998,77.7275,27.1276,-37.9472,44.7537,0.0,19.8229,0.0,19.2659,-58.7402,70.604,-43.7889,-92.9221,-75.6071,-40.7735],"direction":[null,null,null,null,98.9829,70.0494,60.1973,79.5986,78.6282,-45.3427,27.9318,0.0,9.9407,0.0,16.4435,-71.0004,22.4079,-39.3406,-62.2203,-66.6031,-57.4495],"intensity":[null,null,null,null,25.0,20.0,50.0,85.7143,100.0,100.0,60.0,9.0909,16.6667,53.8462,50.0,93.3333,81.25,47.0588,72.2222,57.8947,45.0],"confirmation":[1.0947,46.0295,54.6667,26.3393,68.0634,55.8856,55.828,93.6049,82.9029,81.1568,82.0419,2.9733,76.9584,47.7225,74.6626,90.1898,36.2626,80.184,92.5845,91.2949,34.6965],"persistence":[null,null,66.6667,25.0,40.0,50.0,57.1429,62.5,75.0,50.0,50.0,62.5,62.5,50.0,50.0,25.0,25.0,25.0,0.0,12.5,25.0],"assessmentRisk":[null,null,null,null,12.1526,31.3619,15.023,9.5106,25.2794,10.9583,19.197,41.9038,54.2459,27.4938,12.444,11.6455,46.3744,9.3408,11.1499,6.5513,44.4638],"volumeParticipation":true,"latest":{"consensus":-4.1,"control":-14.6,"force":-40.8,"direction":-57.4,"confirmation":34.7,"persistence":25.0,"assessmentRisk":44.5,"intensity":45.0,"evidenceDepth":81},"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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