{"schema_version":"1.0","name":"SQMX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4bf73fd8-9574-49b0-ad67-4ccc241eb81b","symbol":"SQMX","name":"FT VEST U.S. EQUITY QUARTERLY MAX BUFFER ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","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, Strength versus the research benchmark, Activity pressure and cumulative balance, Range position and boundary pressure, Directional strength and control, Acceleration, deceleration and rollover."},{"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":87,"displayedObservations":87,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","evidenceAlignment":{"status":"Evidence aligned","headline":"Upward price structure retains strong Market Dynamics support","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","take":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","tone":"positive","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.927718,1.285673,1.330386,1.422103,1.406743,1.404416,1.376783,1.349473,1.290886,1.157499,1.060951,0.950318,0.798743,0.543651,0.417891,0.408772,0.446309,0.568291,0.594619,0.296329,0.240775,0.280775,0.295431,0.532485,0.678741,0.808865,0.978913,1.232852,1.370505,1.380135,1.332989,0.982801,0.716502,0.582955,0.204223,0.008638,-0.175465,-0.43851,-0.440935,-0.418379,-0.420587,-0.234275,-0.107977,0.010037,0.144812,0.206524,0.318574,0.415605,0.515521,0.615145,0.66085,0.795727,0.936675,0.888549,0.764855,0.594963,0.543294,0.714857,0.956132],"opens":[31.9568,32.0291,32.1,32.1376,32.118,32.06,32.2753,32.3153,32.3253,32.42,32.4239,32.54,32.59,32.64,32.55,32.63,32.92,32.91,32.72,32.71,32.69,32.97,33.16,33.1,33.46,33.24,33.46,33.56,33.33,33.5739,33.6607,33.65,33.5799,33.54,33.32,33.279,33.3,33.38,33.0801,33.4211,33.79,33.82,33.815,33.87,33.965,33.995,34.045,34.02,34.09,34.115,34.15,34.055,34.235,34.3599,34.1,34.295,34.22,34.73,34.56],"highs":[32.07,32.19,32.13,32.1376,32.18,32.27,32.307,32.3599,32.3816,32.45,32.5,32.55,32.67,32.685,32.63,32.86,32.95,32.94,32.98,32.77,33.07,33.19,33.2372,33.29,33.46,33.45,33.6,33.59,33.57,33.65,33.74,33.69,33.6709,33.79,33.69,34.0,33.3,33.38,33.3999,33.66,33.8,33.85,33.915,33.96,34.03,34.08,34.1,34.12,34.26,34.19,34.16,34.21,34.365,34.365,34.37,34.3588,34.665,34.82,34.81],"lows":[31.9,31.96,32.05,32.02,32.09,32.06,32.2428,32.311,32.3253,32.3902,32.4239,32.4295,32.529,32.3986,32.51,32.63,32.8863,32.7,32.72,32.53,32.69,32.97,33.075,32.7962,33.33,33.24,33.4488,33.445,33.3088,33.52,33.3902,33.45,33.5,33.43,33.32,33.22,33.07,33.0525,33.06,33.32,33.6,33.76,33.81,33.87,33.93,33.83,34.03,34.02,34.05,33.95,33.9601,34.055,34.165,34.24,34.1,33.99,34.22,34.65,34.56],"closes":[32.0002,32.07,32.1257,32.0383,32.18,32.2652,32.307,32.3459,32.3816,32.4231,32.4623,32.5326,32.6092,32.3986,32.5989,32.835,32.8931,32.778,32.85,32.6504,33.0395,33.14,33.125,33.2601,33.4343,33.3862,33.5452,33.5449,33.5421,33.5902,33.6374,33.4975,33.6709,33.642,33.3929,33.22,33.2078,33.0687,33.3806,33.65,33.8,33.835,33.91,33.96,33.99,34.05,34.07,34.085,34.125,34.16,34.0048,34.1761,34.365,34.24,34.195,34.3588,34.665,34.77,34.69],"hoverRows":[[{"label":"Open","value":"32.0","className":"is-ohlc","compact":true},{"label":"High","value":"32.1","className":"is-ohlc","compact":true},{"label":"Low","value":"31.9","className":"is-ohlc","compact":true},{"label":"Close","value":"32.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.93","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.0","className":"is-ohlc","compact":true},{"label":"High","value":"32.2","className":"is-ohlc","compact":true},{"label":"Low","value":"32.0","className":"is-ohlc","compact":true},{"label":"Close","value":"32.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.29","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.1","className":"is-ohlc","compact":true},{"label":"High","value":"32.1","className":"is-ohlc","compact":true},{"label":"Low","value":"32.0","className":"is-ohlc","compact":true},{"label":"Close","value":"32.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.33","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"32.1","className":"is-ohlc","compact":true},{"label":"High","value":"32.1","className":"is-ohlc","compact":true},{"label":"Low","value":"32.0","className":"is-ohlc","compact":true},{"label":"Close","value":"32.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.42","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.1","className":"is-ohlc","compact":true},{"label":"High","value":"32.2","className":"is-ohlc","compact":true},{"label":"Low","value":"32.1","className":"is-ohlc","compact":true},{"label":"Close","value":"32.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.41","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"32.1","className":"is-ohlc","compact":true},{"label":"High","value":"32.3","className":"is-ohlc","compact":true},{"label":"Low","value":"32.1","className":"is-ohlc","compact":true},{"label":"Close","value":"32.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.40","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.3","className":"is-ohlc","compact":true},{"label":"High","value":"32.3","className":"is-ohlc","compact":true},{"label":"Low","value":"32.2","className":"is-ohlc","compact":true},{"label":"Close","value":"32.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.38","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"32.3","className":"is-ohlc","compact":true},{"label":"High","value":"32.4","className":"is-ohlc","compact":true},{"label":"Low","value":"32.3","className":"is-ohlc","compact":true},{"label":"Close","value":"32.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.35","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.3","className":"is-ohlc","compact":true},{"label":"High","value":"32.4","className":"is-ohlc","compact":true},{"label":"Low","value":"32.3","className":"is-ohlc","compact":true},{"label":"Close","value":"32.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.29","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.4","className":"is-ohlc","compact":true},{"label":"High","value":"32.5","className":"is-ohlc","compact":true},{"label":"Low","value":"32.4","className":"is-ohlc","compact":true},{"label":"Close","value":"32.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.16","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.4","className":"is-ohlc","compact":true},{"label":"High","value":"32.5","className":"is-ohlc","compact":true},{"label":"Low","value":"32.4","className":"is-ohlc","compact":true},{"label":"Close","value":"32.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.06","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.5","className":"is-ohlc","compact":true},{"label":"High","value":"32.5","className":"is-ohlc","compact":true},{"label":"Low","value":"32.4","className":"is-ohlc","compact":true},{"label":"Close","value":"32.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.95","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.6","className":"is-ohlc","compact":true},{"label":"High","value":"32.7","className":"is-ohlc","compact":true},{"label":"Low","value":"32.5","className":"is-ohlc","compact":true},{"label":"Close","value":"32.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.80","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.6","className":"is-ohlc","compact":true},{"label":"High","value":"32.7","className":"is-ohlc","compact":true},{"label":"Low","value":"32.4","className":"is-ohlc","compact":true},{"label":"Close","value":"32.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.5","className":"is-ohlc","compact":true},{"label":"High","value":"32.6","className":"is-ohlc","compact":true},{"label":"Low","value":"32.5","className":"is-ohlc","compact":true},{"label":"Close","value":"32.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.42","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"32.6","className":"is-ohlc","compact":true},{"label":"High","value":"32.9","className":"is-ohlc","compact":true},{"label":"Low","value":"32.6","className":"is-ohlc","compact":true},{"label":"Close","value":"32.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.41","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.9","className":"is-ohlc","compact":true},{"label":"High","value":"33.0","className":"is-ohlc","compact":true},{"label":"Low","value":"32.9","className":"is-ohlc","compact":true},{"label":"Close","value":"32.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.45","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.9","className":"is-ohlc","compact":true},{"label":"High","value":"32.9","className":"is-ohlc","compact":true},{"label":"Low","value":"32.7","className":"is-ohlc","compact":true},{"label":"Close","value":"32.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.57","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.7","className":"is-ohlc","compact":true},{"label":"High","value":"33.0","className":"is-ohlc","compact":true},{"label":"Low","value":"32.7","className":"is-ohlc","compact":true},{"label":"Close","value":"32.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.59","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.7","className":"is-ohlc","compact":true},{"label":"High","value":"32.8","className":"is-ohlc","compact":true},{"label":"Low","value":"32.5","className":"is-ohlc","compact":true},{"label":"Close","value":"32.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.30","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.7","className":"is-ohlc","compact":true},{"label":"High","value":"33.1","className":"is-ohlc","compact":true},{"label":"Low","value":"32.7","className":"is-ohlc","compact":true},{"label":"Close","value":"33.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.24","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.0","className":"is-ohlc","compact":true},{"label":"High","value":"33.2","className":"is-ohlc","compact":true},{"label":"Low","value":"33.0","className":"is-ohlc","compact":true},{"label":"Close","value":"33.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.28","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.2","className":"is-ohlc","compact":true},{"label":"High","value":"33.2","className":"is-ohlc","compact":true},{"label":"Low","value":"33.1","className":"is-ohlc","compact":true},{"label":"Close","value":"33.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.30","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.1","className":"is-ohlc","compact":true},{"label":"High","value":"33.3","className":"is-ohlc","compact":true},{"label":"Low","value":"32.8","className":"is-ohlc","compact":true},{"label":"Close","value":"33.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.53","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.5","className":"is-ohlc","compact":true},{"label":"High","value":"33.5","className":"is-ohlc","compact":true},{"label":"Low","value":"33.3","className":"is-ohlc","compact":true},{"label":"Close","value":"33.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.68","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.2","className":"is-ohlc","compact":true},{"label":"High","value":"33.5","className":"is-ohlc","compact":true},{"label":"Low","value":"33.2","className":"is-ohlc","compact":true},{"label":"Close","value":"33.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.81","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.5","className":"is-ohlc","compact":true},{"label":"High","value":"33.6","className":"is-ohlc","compact":true},{"label":"Low","value":"33.4","className":"is-ohlc","compact":true},{"label":"Close","value":"33.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.98","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.6","className":"is-ohlc","compact":true},{"label":"High","value":"33.6","className":"is-ohlc","compact":true},{"label":"Low","value":"33.4","className":"is-ohlc","compact":true},{"label":"Close","value":"33.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.23","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.3","className":"is-ohlc","compact":true},{"label":"High","value":"33.6","className":"is-ohlc","compact":true},{"label":"Low","value":"33.3","className":"is-ohlc","compact":true},{"label":"Close","value":"33.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.37","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.6","className":"is-ohlc","compact":true},{"label":"High","value":"33.6","className":"is-ohlc","compact":true},{"label":"Low","value":"33.5","className":"is-ohlc","compact":true},{"label":"Close","value":"33.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.38","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.7","className":"is-ohlc","compact":true},{"label":"High","value":"33.7","className":"is-ohlc","compact":true},{"label":"Low","value":"33.4","className":"is-ohlc","compact":true},{"label":"Close","value":"33.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.33","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.6","className":"is-ohlc","compact":true},{"label":"High","value":"33.7","className":"is-ohlc","compact":true},{"label":"Low","value":"33.5","className":"is-ohlc","compact":true},{"label":"Close","value":"33.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.98","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.6","className":"is-ohlc","compact":true},{"label":"High","value":"33.7","className":"is-ohlc","compact":true},{"label":"Low","value":"33.5","className":"is-ohlc","compact":true},{"label":"Close","value":"33.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.72","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.5","className":"is-ohlc","compact":true},{"label":"High","value":"33.8","className":"is-ohlc","compact":true},{"label":"Low","value":"33.4","className":"is-ohlc","compact":true},{"label":"Close","value":"33.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.58","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.3","className":"is-ohlc","compact":true},{"label":"High","value":"33.7","className":"is-ohlc","compact":true},{"label":"Low","value":"33.3","className":"is-ohlc","compact":true},{"label":"Close","value":"33.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.20","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.3","className":"is-ohlc","compact":true},{"label":"High","value":"34.0","className":"is-ohlc","compact":true},{"label":"Low","value":"33.2","className":"is-ohlc","compact":true},{"label":"Close","value":"33.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.01","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.3","className":"is-ohlc","compact":true},{"label":"High","value":"33.3","className":"is-ohlc","compact":true},{"label":"Low","value":"33.1","className":"is-ohlc","compact":true},{"label":"Close","value":"33.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.18","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.4","className":"is-ohlc","compact":true},{"label":"High","value":"33.4","className":"is-ohlc","compact":true},{"label":"Low","value":"33.1","className":"is-ohlc","compact":true},{"label":"Close","value":"33.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.44","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.1","className":"is-ohlc","compact":true},{"label":"High","value":"33.4","className":"is-ohlc","compact":true},{"label":"Low","value":"33.1","className":"is-ohlc","compact":true},{"label":"Close","value":"33.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.44","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.4","className":"is-ohlc","compact":true},{"label":"High","value":"33.7","className":"is-ohlc","compact":true},{"label":"Low","value":"33.3","className":"is-ohlc","compact":true},{"label":"Close","value":"33.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.42","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.8","className":"is-ohlc","compact":true},{"label":"High","value":"33.8","className":"is-ohlc","compact":true},{"label":"Low","value":"33.6","className":"is-ohlc","compact":true},{"label":"Close","value":"33.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.42","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.8","className":"is-ohlc","compact":true},{"label":"High","value":"33.9","className":"is-ohlc","compact":true},{"label":"Low","value":"33.8","className":"is-ohlc","compact":true},{"label":"Close","value":"33.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.23","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.8","className":"is-ohlc","compact":true},{"label":"High","value":"33.9","className":"is-ohlc","compact":true},{"label":"Low","value":"33.8","className":"is-ohlc","compact":true},{"label":"Close","value":"33.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.11","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.9","className":"is-ohlc","compact":true},{"label":"High","value":"34.0","className":"is-ohlc","compact":true},{"label":"Low","value":"33.9","className":"is-ohlc","compact":true},{"label":"Close","value":"34.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.01","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.0","className":"is-ohlc","compact":true},{"label":"High","value":"34.0","className":"is-ohlc","compact":true},{"label":"Low","value":"33.9","className":"is-ohlc","compact":true},{"label":"Close","value":"34.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.14","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.0","className":"is-ohlc","compact":true},{"label":"High","value":"34.1","className":"is-ohlc","compact":true},{"label":"Low","value":"33.8","className":"is-ohlc","compact":true},{"label":"Close","value":"34.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.21","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.0","className":"is-ohlc","compact":true},{"label":"High","value":"34.1","className":"is-ohlc","compact":true},{"label":"Low","value":"34.0","className":"is-ohlc","compact":true},{"label":"Close","value":"34.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.32","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.0","className":"is-ohlc","compact":true},{"label":"High","value":"34.1","className":"is-ohlc","compact":true},{"label":"Low","value":"34.0","className":"is-ohlc","compact":true},{"label":"Close","value":"34.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.42","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.1","className":"is-ohlc","compact":true},{"label":"High","value":"34.3","className":"is-ohlc","compact":true},{"label":"Low","value":"34.0","className":"is-ohlc","compact":true},{"label":"Close","value":"34.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.52","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.1","className":"is-ohlc","compact":true},{"label":"High","value":"34.2","className":"is-ohlc","compact":true},{"label":"Low","value":"34.0","className":"is-ohlc","compact":true},{"label":"Close","value":"34.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.62","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.1","className":"is-ohlc","compact":true},{"label":"High","value":"34.2","className":"is-ohlc","compact":true},{"label":"Low","value":"34.0","className":"is-ohlc","compact":true},{"label":"Close","value":"34.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.66","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.1","className":"is-ohlc","compact":true},{"label":"High","value":"34.2","className":"is-ohlc","compact":true},{"label":"Low","value":"34.1","className":"is-ohlc","compact":true},{"label":"Close","value":"34.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.80","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.2","className":"is-ohlc","compact":true},{"label":"High","value":"34.4","className":"is-ohlc","compact":true},{"label":"Low","value":"34.2","className":"is-ohlc","compact":true},{"label":"Close","value":"34.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.94","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.4","className":"is-ohlc","compact":true},{"label":"High","value":"34.4","className":"is-ohlc","compact":true},{"label":"Low","value":"34.2","className":"is-ohlc","compact":true},{"label":"Close","value":"34.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.89","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.1","className":"is-ohlc","compact":true},{"label":"High","value":"34.4","className":"is-ohlc","compact":true},{"label":"Low","value":"34.1","className":"is-ohlc","compact":true},{"label":"Close","value":"34.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.76","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.3","className":"is-ohlc","compact":true},{"label":"High","value":"34.4","className":"is-ohlc","compact":true},{"label":"Low","value":"34.0","className":"is-ohlc","compact":true},{"label":"Close","value":"34.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.59","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.2","className":"is-ohlc","compact":true},{"label":"High","value":"34.7","className":"is-ohlc","compact":true},{"label":"Low","value":"34.2","className":"is-ohlc","compact":true},{"label":"Close","value":"34.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.7","className":"is-ohlc","compact":true},{"label":"High","value":"34.8","className":"is-ohlc","compact":true},{"label":"Low","value":"34.6","className":"is-ohlc","compact":true},{"label":"Close","value":"34.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.71","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.6","className":"is-ohlc","compact":true},{"label":"High","value":"34.8","className":"is-ohlc","compact":true},{"label":"Low","value":"34.6","className":"is-ohlc","compact":true},{"label":"Close","value":"34.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.96","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[31.834012,34.936188],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.956132,"state":"Positive and strengthening","context":{"scenario":"positiveSustained","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Extended but supported","detail":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","annotations":[{"label":"Current tape relationship","value":"Extended but supported","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"label":"Latest positioning marker","value":"8 Aug 2025","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":59,"relationship":{"sameWeekCorrelation":0.29,"forwardCorrelation":-0.31,"directionalAgreement":61.1,"sample":54,"correlationSample":58,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":4.0,"medianWeeksInZone":4,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":0.6,"averageReturn":0.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":1.9,"averageReturn":1.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":4.8,"averageReturn":4.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.2,"sample":1},{"week":2,"averageReturn":0.4,"sample":1},{"week":3,"averageReturn":0.1,"sample":1},{"week":4,"averageReturn":0.6,"sample":1},{"week":5,"averageReturn":0.8,"sample":1},{"week":6,"averageReturn":1.0,"sample":1},{"week":7,"averageReturn":1.1,"sample":1},{"week":8,"averageReturn":1.2,"sample":1},{"week":9,"averageReturn":1.3,"sample":1},{"week":10,"averageReturn":1.4,"sample":1},{"week":11,"averageReturn":1.7,"sample":1},{"week":12,"averageReturn":1.9,"sample":1},{"week":13,"averageReturn":1.2,"sample":1},{"week":14,"averageReturn":1.9,"sample":1},{"week":15,"averageReturn":2.6,"sample":1},{"week":16,"averageReturn":2.8,"sample":1},{"week":17,"averageReturn":2.4,"sample":1},{"week":18,"averageReturn":2.7,"sample":1},{"week":19,"averageReturn":2.0,"sample":1},{"week":20,"averageReturn":3.2,"sample":1},{"week":21,"averageReturn":3.6,"sample":1},{"week":22,"averageReturn":3.5,"sample":1},{"week":23,"averageReturn":3.9,"sample":1},{"week":24,"averageReturn":4.5,"sample":1},{"week":25,"averageReturn":4.3,"sample":1},{"week":26,"averageReturn":4.8,"sample":1}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":1},{"week":2,"averageReturn":0.1,"sample":1},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":6,"completedEpisodes":5,"activeEpisodes":1,"medianExpectedMove":1.9,"averageExpectedMove":1.8,"averageWeeksToLargestMove":11.4,"horizons":[{"weeks":4,"sample":6,"expectedCount":5,"expectedPercent":83.3,"averageReturn":0.4,"medianReturn":0.6,"confidenceLow":43.6,"confidenceHigh":97.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":5,"expectedCount":5,"expectedPercent":100.0,"averageReturn":1.8,"medianReturn":1.9,"confidenceLow":56.6,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":3.6,"medianReturn":3.4,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":6},{"week":2,"averageReturn":0.2,"sample":6},{"week":3,"averageReturn":0.1,"sample":6},{"week":4,"averageReturn":0.4,"sample":6},{"week":5,"averageReturn":0.3,"sample":6},{"week":6,"averageReturn":0.9,"sample":6},{"week":7,"averageReturn":1.0,"sample":6},{"week":8,"averageReturn":1.1,"sample":5},{"week":9,"averageReturn":1.2,"sample":5},{"week":10,"averageReturn":1.4,"sample":5},{"week":11,"averageReturn":1.5,"sample":5},{"week":12,"averageReturn":1.8,"sample":5},{"week":13,"averageReturn":2.0,"sample":5},{"week":14,"averageReturn":1.9,"sample":5},{"week":15,"averageReturn":1.7,"sample":5},{"week":16,"averageReturn":1.9,"sample":4},{"week":17,"averageReturn":1.8,"sample":4},{"week":18,"averageReturn":2.1,"sample":4},{"week":19,"averageReturn":2.5,"sample":4},{"week":20,"averageReturn":2.7,"sample":4},{"week":21,"averageReturn":2.4,"sample":4},{"week":22,"averageReturn":2.6,"sample":4},{"week":23,"averageReturn":2.6,"sample":4},{"week":24,"averageReturn":3.1,"sample":4},{"week":25,"averageReturn":3.5,"sample":4},{"week":26,"averageReturn":3.6,"sample":4}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":0.4,"averageExpectedMove":0.4,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.8,"medianReturn":1.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":2.8,"medianReturn":2.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.4,"sample":1},{"week":2,"averageReturn":0.5,"sample":1},{"week":3,"averageReturn":1.3,"sample":1},{"week":4,"averageReturn":1.8,"sample":1},{"week":5,"averageReturn":1.9,"sample":1},{"week":6,"averageReturn":2.1,"sample":1},{"week":7,"averageReturn":2.3,"sample":1},{"week":8,"averageReturn":2.4,"sample":1},{"week":9,"averageReturn":2.5,"sample":1},{"week":10,"averageReturn":2.6,"sample":1},{"week":11,"averageReturn":2.6,"sample":1},{"week":12,"averageReturn":2.8,"sample":1},{"week":13,"averageReturn":2.9,"sample":1},{"week":14,"averageReturn":2.4,"sample":1},{"week":15,"averageReturn":2.9,"sample":1},{"week":16,"averageReturn":3.5,"sample":1},{"week":17,"averageReturn":3.1,"sample":1},{"week":18,"averageReturn":3.0,"sample":1},{"week":19,"averageReturn":3.5,"sample":1},{"week":20,"averageReturn":4.4,"sample":1},{"week":21,"averageReturn":4.7,"sample":1},{"week":22,"averageReturn":4.5,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":0.4,"averageExpectedMove":0.4,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":0.9,"medianReturn":0.9,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.6,"medianReturn":1.6,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.4,"sample":1},{"week":2,"averageReturn":0.5,"sample":1},{"week":3,"averageReturn":0.8,"sample":1},{"week":4,"averageReturn":0.9,"sample":1},{"week":5,"averageReturn":1.0,"sample":1},{"week":6,"averageReturn":1.2,"sample":1},{"week":7,"averageReturn":1.2,"sample":1},{"week":8,"averageReturn":1.3,"sample":1},{"week":9,"averageReturn":1.4,"sample":1},{"week":10,"averageReturn":1.5,"sample":1},{"week":11,"averageReturn":1.1,"sample":1},{"week":12,"averageReturn":1.6,"sample":1},{"week":13,"averageReturn":2.1,"sample":1},{"week":14,"averageReturn":1.8,"sample":1},{"week":15,"averageReturn":1.6,"sample":1},{"week":16,"averageReturn":2.1,"sample":1},{"week":17,"averageReturn":3.0,"sample":1},{"week":18,"averageReturn":3.3,"sample":1},{"week":19,"averageReturn":3.1,"sample":1},{"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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":5,"completedEpisodes":4,"activeEpisodes":1,"medianExpectedMove":2.5,"averageExpectedMove":2.4,"averageWeeksToLargestMove":11.5,"horizons":[{"weeks":4,"sample":5,"expectedCount":3,"expectedPercent":60.0,"averageReturn":0.5,"medianReturn":0.6,"confidenceLow":23.1,"confidenceHigh":88.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":2.3,"medianReturn":2.3,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":4.0,"medianReturn":3.9,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.5,"sample":5},{"week":2,"averageReturn":0.8,"sample":5},{"week":3,"averageReturn":0.5,"sample":5},{"week":4,"averageReturn":0.5,"sample":5},{"week":5,"averageReturn":0.9,"sample":5},{"week":6,"averageReturn":1.0,"sample":5},{"week":7,"averageReturn":1.6,"sample":5},{"week":8,"averageReturn":1.8,"sample":5},{"week":9,"averageReturn":1.9,"sample":4},{"week":10,"averageReturn":2.1,"sample":4},{"week":11,"averageReturn":2.4,"sample":4},{"week":12,"averageReturn":2.3,"sample":4},{"week":13,"averageReturn":2.6,"sample":4},{"week":14,"averageReturn":2.6,"sample":4},{"week":15,"averageReturn":2.5,"sample":4},{"week":16,"averageReturn":2.3,"sample":4},{"week":17,"averageReturn":2.4,"sample":4},{"week":18,"averageReturn":2.4,"sample":4},{"week":19,"averageReturn":2.6,"sample":4},{"week":20,"averageReturn":2.8,"sample":4},{"week":21,"averageReturn":3.0,"sample":4},{"week":22,"averageReturn":3.0,"sample":4},{"week":23,"averageReturn":3.1,"sample":4},{"week":24,"averageReturn":3.1,"sample":4},{"week":25,"averageReturn":3.5,"sample":3},{"week":26,"averageReturn":4.0,"sample":3}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":0.1,"averageExpectedMove":0.1,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":0.5,"medianReturn":0.5,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":1.7,"medianReturn":1.7,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":4.2,"medianReturn":4.2,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":1},{"week":2,"averageReturn":0.2,"sample":1},{"week":3,"averageReturn":0.4,"sample":1},{"week":4,"averageReturn":0.5,"sample":1},{"week":5,"averageReturn":0.7,"sample":1},{"week":6,"averageReturn":0.9,"sample":1},{"week":7,"averageReturn":0.3,"sample":1},{"week":8,"averageReturn":0.9,"sample":1},{"week":9,"averageReturn":1.6,"sample":1},{"week":10,"averageReturn":1.8,"sample":1},{"week":11,"averageReturn":1.5,"sample":1},{"week":12,"averageReturn":1.7,"sample":1},{"week":13,"averageReturn":1.1,"sample":1},{"week":14,"averageReturn":2.3,"sample":1},{"week":15,"averageReturn":2.6,"sample":1},{"week":16,"averageReturn":2.5,"sample":1},{"week":17,"averageReturn":3.0,"sample":1},{"week":18,"averageReturn":3.5,"sample":1},{"week":19,"averageReturn":3.3,"sample":1},{"week":20,"averageReturn":3.8,"sample":1},{"week":21,"averageReturn":3.8,"sample":1},{"week":22,"averageReturn":3.8,"sample":1},{"week":23,"averageReturn":4.0,"sample":1},{"week":24,"averageReturn":4.1,"sample":1},{"week":25,"averageReturn":3.7,"sample":1},{"week":26,"averageReturn":4.2,"sample":1}]},"currentApplication":{"status":"Evidence aligned","tone":"positive","headline":"Price and Market Dynamics remain aligned upward","use":"The advance retains underlying support while price structure and Market Dynamics remain intact.","confirm":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"distribution","zoneContext":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":100.0,"averageReturn":1.8,"sample":5},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","finding":"In this ticker's completed record, 100.0% of comparable cases moved higher after 12 weeks, with an average move of 1.8% across 5 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 2.4% across 4 completed cases, with the largest move arriving after 11.5 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2025-07-25","price":32.1257},{"date":"2025-08-08","price":32.18}],"reversal_warnings":[{"date":"2025-08-22","price":32.307}],"reversal_dangers":[{"date":"2025-10-17","price":32.5989}]}},"smTape":{"available":true,"dates":["2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","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":[30.827,30.8312,30.6687,30.9771,31.127,31.089,31.1345,31.2526,31.132,31.0334,30.743,30.66,30.6549,30.6044,29.372,30.0243,30.054,30.5907,30.8833,30.8957,31.285,31.1543,31.3321,31.4675,31.4716,31.5734,31.868,31.96,32.0002,32.07,32.1257,32.0383,32.18,32.2652,32.307,32.3459,32.3816,32.4231,32.4623,32.5326,32.6092,32.3986,32.5989,32.835,32.8931,32.778,32.85,32.6504,33.0395,33.14,33.125,33.2601,33.4343,33.3862,33.5452,33.5449,33.5421,33.5902,33.6374,33.4975,33.6709,33.642,33.3929,33.22,33.2078,33.0687,33.3806,33.65,33.8,33.835,33.91,33.96,33.99,34.05,34.07,34.085,34.125,34.16,34.0048,34.1761,34.365,34.24,34.195,34.3588,34.665,34.77,34.69],"consensus":[-70.2924,100.0,-100.0,58.0,75.7695,39.0418,57.5492,80.2391,0.0,-15.0657,-69.9711,-44.7373,-53.5789,-58.0926,-86.4863,0.0,-41.9405,38.6547,55.431,30.1873,64.145,10.7536,57.4721,66.0204,22.04,51.3923,79.2643,65.7069,49.3661,50.8206,55.2264,0.0,60.0909,58.6238,51.9458,50.436,53.0356,41.2033,44.2763,56.9321,49.7476,-24.2354,59.7117,74.6657,32.5333,12.7935,47.7477,-22.8836,62.547,55.5755,25.5827,62.018,57.6031,35.0243,57.2283,38.3371,41.4405,37.344,32.2607,-10.0589,50.1766,19.9178,-24.6504,-45.3737,-25.9908,-55.94,27.9284,48.5846,52.4074,43.3919,49.6519,48.9478,37.3204,45.082,33.6015,34.5158,28.8764,38.9947,-22.6066,52.5852,59.5961,-10.927,13.1653,47.8421,68.5471,53.3714,31.024],"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":[48.6035,62.2531,40.4304,40.663,56.3131,47.396,-24.7385,61.0671,78.5793,22.6123,2.6608,43.6759,-10.5006,72.7943,61.1289,19.9584,53.8796,59.8544,41.2504,57.0013,39.3882,50.4156,37.8947,35.3635,-9.8572,63.984,22.8394,-20.4394,-31.2401,-16.7103,-49.4994,39.4974,55.4197,56.7779,45.501,58.2775,58.9942,37.4928,48.3054,35.3051,38.9595,27.4751,41.4971,-16.6848,54.5017,70.9418,-13.2163,11.0675,46.5351,73.239,53.7082,28.9464],"force":[35.7606,29.365,20.708,33.872,57.2192,40.4752,-85.5186,75.5879,90.6253,10.835,27.6824,49.1796,-70.309,67.5413,46.0538,3.3337,82.3652,51.6757,0.5646,54.6713,12.2467,22.7181,19.0068,14.6048,-47.3726,42.115,3.0402,-34.4108,-76.3903,-16.5126,-70.1668,52.042,51.7317,53.091,32.5659,34.1184,31.4742,24.2053,35.6105,14.2104,16.1417,11.6387,33.3787,-73.2266,74.3968,53.3351,-68.8837,9.672,58.7051,79.7185,43.2612,0.4969],"direction":[63.0126,59.4088,56.726,55.8374,57.4346,59.0581,-20.1133,46.8225,58.7933,59.3706,53.2852,51.3785,-3.1605,47.2683,56.0299,52.6652,56.7852,59.2641,53.3294,59.3141,55.7719,44.5564,49.8126,41.3262,-16.3632,40.1548,28.6342,-22.4914,-39.3718,-43.3673,-53.1388,2.5173,38.525,46.9243,48.7144,50.8895,49.9473,46.4913,48.1633,45.5054,42.5616,42.7905,40.1463,-6.7828,34.8151,51.1016,-33.0868,31.8751,41.5764,55.2054,60.2082,55.9135],"intensity":[11.4286,2.7778,16.2162,10.5263,20.5128,42.5,65.8537,61.9048,67.4419,72.7273,57.7778,19.5652,63.8298,85.4167,73.4694,30.0,72.549,90.3846,23.0769,55.7692,1.9231,48.0769,65.3846,40.3846,46.1538,48.0769,30.7692,73.0769,84.6154,94.2308,44.2308,84.6154,75.0,80.7692,50.0,15.3846,7.6923,13.4615,28.8462,63.4615,3.8462,51.9231,30.7692,55.7692,59.6154,65.3846,40.3846,50.0,55.7692,90.3846,96.1538,25.0],"confirmation":[83.7202,84.1095,80.5722,81.9064,86.2365,83.6725,36.5728,87.5709,92.3198,77.9006,8.9204,83.385,54.2901,88.0111,85.4093,53.4354,88.5899,86.218,55.4821,86.2386,79.4567,80.5536,79.3828,77.7381,30.5166,83.6004,51.1481,76.2498,83.6802,76.1696,86.4325,55.366,83.5388,84.7246,81.5233,83.2838,82.9777,79.5402,82.0885,78.1356,78.4174,76.7365,80.269,55.6474,85.4628,86.707,34.9533,28.2789,83.6604,90.204,84.7656,62.4381],"persistence":[87.5,87.5,87.5,87.5,100.0,100.0,75.0,75.0,75.0,75.0,75.0,75.0,50.0,50.0,75.0,75.0,75.0,75.0,75.0,75.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,50.0,25.0,0.0,25.0,25.0,0.0,0.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,50.0,50.0,50.0,50.0,50.0,75.0],"assessmentRisk":[24.7134,22.6927,27.3447,25.6746,21.4814,25.1176,1.9239,14.665,12.2749,33.3674,43.507,25.1401,33.3787,4.9421,21.1376,34.0126,18.9357,20.3615,27.4014,21.0121,28.7213,11.3524,26.0066,13.8377,10.8575,13.1711,15.22,35.9794,25.8965,36.9422,22.0235,18.0794,25.2368,23.7201,28.2949,25.0086,23.2252,23.0115,21.706,22.2187,20.0059,27.2224,18.452,14.6988,10.9157,19.8947,40.8144,41.7587,23.6056,14.9674,23.2954,34.4412],"volumeParticipation":true,"latest":{"consensus":31.0,"control":28.9,"force":0.5,"direction":55.9,"confirmation":62.4,"persistence":75.0,"assessmentRisk":34.4,"intensity":25.0,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. 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 strengthening","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+31.0","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+28.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+0.5","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+55.9","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"62/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"72.4","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"0.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"32.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"93%","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 envelope.","reason":"Selected as the anchor because price and its trend references are aligned upward.","series":[{"label":"Close","values":[30.827,30.8312,30.6687,30.9771,31.127,31.089,31.1345,31.2526,31.132,31.0334,30.743,30.66,30.6549,30.6044,29.372,30.0243,30.054,30.5907,30.8833,30.8957,31.285,31.1543,31.3321,31.4675,31.4716,31.5734,31.868,31.96,32.0002,32.07,32.1257,32.0383,32.18,32.2652,32.307,32.3459,32.3816,32.4231,32.4623,32.5326,32.6092,32.3986,32.5989,32.835,32.8931,32.778,32.85,32.6504,33.0395,33.14,33.125,33.2601,33.4343,33.3862,33.5452,33.5449,33.5421,33.5902,33.6374,33.4975,33.6709,33.642,33.3929,33.22,33.2078,33.0687,33.3806,33.65,33.8,33.835,33.91,33.96,33.99,34.05,34.07,34.085,34.125,34.16,34.0048,34.1761,34.365,34.24,34.195,34.3588,34.665,34.77,34.69],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,30.885,30.9221,30.9607,31.0138,31.0353,31.0349,30.9819,30.9233,30.8745,30.8254,30.5612,30.4636,30.3891,30.4257,30.5089,30.5793,30.7076,30.7888,30.8876,30.993,31.08,31.1697,31.2967,31.4173,31.5233,31.6227,31.7141,31.7731,31.8471,31.9231,31.9929,32.0571,32.1161,32.1719,32.2247,32.2807,32.3404,32.351,32.3961,32.4759,32.5517,32.5929,32.6396,32.6416,32.7139,32.7914,32.8521,32.9262,33.0186,33.0855,33.169,33.2374,33.2928,33.3469,33.3997,33.4175,33.4635,33.496,33.4772,33.4305,33.39,33.3316,33.3405,33.3968,33.4701,33.5364,33.6043,33.669,33.7274,33.786,33.8377,33.8826,33.9267,33.9691,33.9756,34.0121,34.0762,34.106,34.1222,34.1652,34.2561,34.3495,34.4114],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,30.8856,30.8648,30.7542,30.7001,30.6523,30.6477,30.6652,30.6822,30.7269,30.7585,30.801,30.8504,30.8964,30.9466,31.0148,31.0848,31.1526,31.2206,31.2876,31.3432,31.4052,31.4689,31.531,31.5914,31.6499,31.7072,31.7631,31.8201,31.8786,31.9171,31.9676,32.0318,32.0956,32.1462,32.1983,32.2318,32.2916,32.3545,32.4116,32.4744,32.5455,32.6078,32.6772,32.7415,32.8008,32.8593,32.9169,32.9599,33.0126,33.0592,33.0839,33.094,33.1024,33.0999,33.1207,33.1599,33.2073,33.2538,33.3024,33.3511,33.3985,33.4467,33.4929,33.5368,33.5803,33.6233,33.6515,33.6904,33.7404,33.7774,33.8083,33.8491,33.9095,33.9733,34.0264],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,31.3494,31.3431,31.3444,31.3391,31.3359,31.6778,31.6825,31.6727,31.6406,31.6282,31.6174,31.6723,31.7047,31.7681,31.8333,31.8819,31.9497,32.0669,32.1828,32.3081,32.4425,32.5818,32.6897,32.8072,32.921,32.8437,32.835,32.7764,32.7789,32.8019,32.807,32.858,32.8304,32.8379,32.8914,32.9296,32.9311,32.9737,32.9797,33.053,33.1393,33.2083,33.2796,33.3894,33.472,33.5761,33.6617,33.7313,33.7971,33.8588,33.8876,33.9395,33.9404,33.9199,33.9081,33.8978,33.8724,33.8546,33.8068,33.8455,33.8915,33.9405,34.0013,34.0649,34.1315,34.194,34.2526,34.3122,34.3714,34.4003,34.4511,34.5313,34.5809,34.6079,34.6286,34.6881,34.7064,34.7337],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,30.6651,30.6234,30.5682,30.5271,30.4833,29.9364,29.8339,29.7608,29.7789,29.8096,29.8381,29.829,29.8289,29.8318,29.8156,29.8015,29.7822,29.7383,29.6931,29.6546,29.624,29.6229,29.6528,29.6878,29.7401,30.111,30.3518,30.6431,30.8239,30.9588,31.1174,31.1988,31.3508,31.47,31.5533,31.6572,31.7761,31.8318,31.8948,31.9255,31.9461,31.9771,32.028,32.0435,32.0731,32.0928,32.1271,32.1735,32.2244,32.2803,32.348,32.4023,32.5256,32.6256,32.6759,32.7177,32.7722,32.8429,32.9907,33.028,33.0516,33.0811,33.0903,33.0823,33.082,33.072,33.0674,33.0661,33.0639,33.0718,33.0888,33.078,33.0882,33.1414,33.2346,33.3208,33.4727,33.5762],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","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 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 strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-5.8938,-6.5952,-5.621,-6.4829,-6.0199,-5.5863,-5.6944,-5.2454,-4.3142,-4.7598,-4.2279,-2.8544,-1.7018,0.2057,2.2015,0.0435,-2.3852,-5.8237,-5.9129,-6.294,-7.9859,-7.8402,-8.169,-9.1248,-6.5007,-6.6553,-7.1319,-5.0897,-6.4221,-6.9403,-5.6164,-5.0082,-5.3599,-7.5274,-7.3981,-6.1314],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","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":"participation","eyebrow":"Participation","title":"Activity 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,160.5358,0.0585,78.5891,135.0231,192.4496,29.8057,83.7659,345.8344,161.0996,35.4733,86.5104,50.4129,40.4229,16.7307,56.11,39.9211,161.3866,5.3782,25.1373,122.7802,137.7976,148.726,287.6687,71.6447,347.9347,31.6509,15.3577,1.9066,135.9859,7.5223,51.8955,156.6491,1564.0549,28.5641,64.4334,332.2387,431.2304,9.9759,12.9578,36.8047,66.177,10.2342,12.0092,31.2272,49.9734,20.1481,48.8613,28.104,624.5319,217.4984,12.5865,7.8783,24.9085,1.9045,26.6271,6.1821,79.4904,525.6598,47.0114,12.8032,5.6882,31.3148,456.4951,4.5403,2.6027,64.228,25.2283,17.6991,17.9862,12.1609,136.8628,170.1651,207.0839,12.59,93.8531,81.5282,35.7691,37.993,47.8335,39.9264],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,134.9953,128.7973,117.7622,100.5906,98.0781,91.1041,65.0,78.546,81.4131,88.3503,92.2845,95.3431,96.5791,92.3147,95.3969,107.4362,107.8278,109.5288,117.8783,127.0807,135.0,135.0,135.0,118.9293,120.3979,121.0934,121.1659,126.1986,126.4724,128.3148,134.1742,135.0,135.0,133.6952,135.0,135.0,135.0,134.7479,135.0,133.6846,133.8869,134.1205,133.507,134.484,134.8808,133.8957,134.4703,116.0692,108.8814,109.2991,109.56,108.9657,109.0109,108.3822,108.2514,106.8393,94.2394,93.0914,93.4015,93.5359,94.2843,108.3521,108.4909,108.5693,110.5556,111.3332,111.8784,112.2706,112.4933,115.1541,111.5625,116.3695,116.6634,114.3962,112.3486,113.2376,113.9561,114.8548,114.0957],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","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":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,100.0,73.4115,57.788,12.9728,9.8619,9.1434,2.0287,0.0,44.9432,46.2252,69.3918,82.0218,82.5571,99.3612,93.7195,99.6648,100.0,98.4842,98.9835,99.5858,100.0,97.7388,96.2581,97.9949,95.2696,99.6882,99.854,100.0,99.5854,100.0,99.2241,98.928,99.5122,98.3509,90.2085,97.0564,98.9224,97.3713,90.4359,92.8794,81.1657,98.2267,97.093,93.651,98.2515,98.366,95.2692,96.6585,96.5127,96.3354,96.239,93.8929,83.8031,95.1645,89.8955,71.6317,51.2926,50.5308,41.8446,61.3213,76.5101,86.3946,88.7755,93.8776,97.2789,97.3333,97.8417,97.699,97.3561,90.7774,91.7184,78.8654,93.0518,100.0,90.4762,86.7173,99.1499,100.0,97.1711,92.645],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,0.0,-0.5361,-0.8511,-1.7789,-2.0441,-2.0604,-2.2217,-6.1591,-4.0751,-3.9802,-2.2655,-1.3307,-1.2911,-0.0473,-0.4649,-0.0252,0.0,-0.1215,-0.0842,-0.0376,0.0,-0.2176,-0.3728,-0.1998,-0.4713,-0.0311,-0.0149,0.0,-0.0433,0.0,-0.0829,-0.116,-0.0535,-0.1861,-0.8762,-0.2634,-0.0761,-0.1727,-0.522,-0.3942,-0.9994,-0.0922,-0.1506,-0.3376,-0.0898,-0.0768,-0.2206,-0.1631,-0.164,-0.1723,-0.1777,-0.3041,-0.7187,-0.2048,-0.438,-1.1752,-2.2941,-2.33,-2.7391,-1.8218,-1.0294,-0.5882,-0.4853,-0.2647,-0.1176,-0.1175,-0.088,-0.088,-0.1026,-0.394,-0.2919,-0.7449,-0.2449,0.0,-0.3637,-0.5092,-0.0326,0.0,-0.1436,-0.3733],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,1.9039,1.5107,1.1892,0.2707,0.2288,0.2122,0.0471,0.0,3.5924,3.6949,5.5467,6.5562,6.599,7.9422,7.4913,8.1047,8.5719,8.586,8.9373,9.9537,10.2712,10.4099,10.6507,10.8429,10.5413,11.0302,11.3242,11.4684,11.6026,11.7258,11.869,12.0042,12.2468,12.5111,8.8663,9.5393,7.5147,6.8464,5.2209,5.4429,4.5482,5.3892,5.3066,5.259,5.3201,4.8518,4.6589,4.9599,4.7623,4.7536,4.7729,4.9201,3.8914,4.2088,4.0733,3.0957,2.5353,2.4976,2.0683,3.031,3.5066,3.9041,4.0117,4.2422,4.3959,4.4882,4.1603,3.884,3.9297,4.0517,3.3507,2.8812,3.3994,3.971,3.5928,3.4566,3.9522,4.8786,5.1963,4.9542],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","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":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,12.8384,13.6392,14.6726,15.9353,17.1078,18.0375,19.0254,20.2056,21.409,22.6825,23.9306,25.298,26.718,28.1865,29.8892,30.4351,30.9421,32.1409,33.4944,33.3974,33.4439,32.2805,32.2445,32.5553,32.9754,31.8231,31.3049,30.3761,29.997,29.6248,28.5656,27.8754,26.5749,25.3672,24.2457,23.7318,22.626,22.8168,22.204,21.9305,21.7509,22.4607,23.5155,24.6307,25.8428,27.091,28.4401,28.9905,29.5669,30.1702,31.1847,31.3724,31.5467,31.901,32.7723,33.5814,33.1868,32.0328,32.177,32.7848,32.7545],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,22.4088,13.2734,9.3882,8.8296,14.3399,19.3453,20.4303,25.3843,24.742,24.8271,27.0462,27.8252,29.238,34.1808,35.5045,36.8926,37.8825,36.9851,35.6482,35.3917,35.8899,36.3573,37.5487,37.5696,39.2395,40.0481,40.1208,42.8009,37.8661,34.4137,39.7673,41.5061,37.6806,35.5159,31.4667,37.0178,38.2905,37.7895,32.0597,35.3448,33.028,35.5176,33.8595,31.0476,32.347,28.7916,26.629,25.1587,26.0295,23.2069,26.4737,24.911,24.8708,23.2564,27.7178,29.8491,30.4621,31.3767,31.8636,33.0207,30.5271,30.4836,30.1364,32.6817,30.1004,28.109,27.8539,31.1683,29.828,27.1156,23.9165,29.884,33.0622,30.5532],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,22.0709,49.8287,44.0781,41.4554,34.3789,31.9515,30.6964,28.1822,27.3397,26.1886,25.3504,25.0797,24.2256,22.297,21.7377,20.7044,19.3632,18.9045,19.1433,18.2856,17.0653,16.6984,16.3858,16.0417,15.6126,15.1228,14.3626,13.5069,17.1991,15.631,14.072,13.4363,19.3524,17.4735,22.2508,19.1652,17.7735,16.8047,22.8174,21.4026,22.8089,21.2796,20.4085,23.044,22.062,23.7156,21.9343,20.7231,18.4459,19.6695,15.7838,18.7018,17.1495,15.6935,14.3785,13.6537,13.3282,12.9405,12.6021,12.2198,14.3176,13.9988,13.5352,12.5921,14.8885,13.9035,12.9559,12.091,11.571,15.2339,16.9556,14.7017,13.9394,15.6135],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","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":"impulse","eyebrow":"Price 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,-0.0017,-0.0239,-0.1393,-0.1761,-0.2005,-0.1746,-0.1289,-0.0907,-0.0287,0.0098,0.0541,0.0989,0.1333,0.1668,0.2146,0.257,0.2905,0.319,0.3421,0.3493,0.3624,0.3752,0.3843,0.3902,0.3932,0.3944,0.394,0.3947,0.397,0.3774,0.3737,0.3854,0.3948,0.3885,0.3849,0.3617,0.3705,0.3812,0.384,0.3926,0.4088,0.413,0.4242,0.4282,0.4262,0.4236,0.4205,0.4021,0.397,0.3861,0.3533,0.3098,0.2712,0.2268,0.2143,0.2236,0.2402,0.2533,0.2667,0.2781,0.2863,0.2942,0.2987,0.3,0.3007,0.3007,0.2849,0.2829,0.2932,0.2879,0.277,0.2783,0.3005,0.3229,0.3304],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0893,-0.1063,-0.1109,-0.1068,-0.0912,-0.071,-0.046,-0.017,0.013,0.0438,0.078,0.1138,0.1491,0.1831,0.2149,0.2418,0.2659,0.2878,0.3071,0.3237,0.3376,0.349,0.358,0.3653,0.3716,0.3728,0.373,0.3755,0.3793,0.3812,0.3819,0.3779,0.3764,0.3774,0.3787,0.3815,0.3869,0.3921,0.3986,0.4045,0.4088,0.4118,0.4135,0.4112,0.4084,0.4039,0.3938,0.377,0.3558,0.33,0.3069,0.2902,0.2802,0.2748,0.2732,0.2742,0.2766,0.2801,0.2839,0.2871,0.2898,0.292,0.2906,0.289,0.2899,0.2895,0.287,0.2852,0.2883,0.2952,0.3023],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.1113,-0.0683,-0.0181,0.0161,0.0625,0.0808,0.1001,0.1159,0.1202,0.123,0.1367,0.1432,0.1414,0.1359,0.1272,0.1076,0.0965,0.0875,0.0773,0.0665,0.0556,0.0454,0.036,0.0294,0.0253,0.0046,0.0007,0.0099,0.0155,0.0073,0.003,-0.0161,-0.0059,0.0038,0.0053,0.0111,0.0219,0.0208,0.0257,0.0237,0.0173,0.0118,0.007,-0.0091,-0.0114,-0.0178,-0.0405,-0.0672,-0.0846,-0.1032,-0.0926,-0.0667,-0.04,-0.0215,-0.0065,0.0039,0.0097,0.0141,0.0148,0.0129,0.0109,0.0087,-0.0057,-0.0061,0.0033,-0.0015,-0.01,-0.007,0.0122,0.0277,0.0282],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","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"]}]},"canonical_url":"https://sharemaestro.com/terminal/4bf73fd8-9574-49b0-ad67-4ccc241eb81b/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/4bf73fd8-9574-49b0-ad67-4ccc241eb81b/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/4bf73fd8-9574-49b0-ad67-4ccc241eb81b/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/4bf73fd8-9574-49b0-ad67-4ccc241eb81b/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/4bf73fd8-9574-49b0-ad67-4ccc241eb81b/technical-pack/data.json"},"source_fingerprint":"a8042d852dd984976be7afe1283153090c58aea2f02822dc7bfe187c7789cc85","content_hash":"f2b35ac7da4465827c91fc14179366d85156db4d51635e97c1e4e0e20206fff2","citation":"Sharemaestro, SQMX Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/4bf73fd8-9574-49b0-ad67-4ccc241eb81b/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}