{"schema_version":"1.0","name":"TENM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"6455ea3d-50c9-40cd-959c-a4f4956f136c","symbol":"TENM","name":"iShares Large Cap 10 Target Buffer Mar 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 contracted across the recent completed path. The upward price structure is leading its underlying support.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Activity pressure and cumulative balance, Range position and boundary pressure, Directional strength and control, Range pressure and compression, Directional pressure and rotation."},{"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":44,"displayedObservations":44,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","take":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.589064,0.832113,0.945024,1.006863,0.97965,0.96125,0.93279,0.867541,0.887349,0.929558,0.909057,0.799973,0.674761,0.557539,0.497762,0.545164],"opens":[26.44,26.67,26.68,26.87,26.97,26.745,26.96,27.0,26.8975,27.1,27.15,27.05,26.97,27.3,27.535,27.65],"highs":[26.69,26.785,26.81,26.975,27.05,26.7911,27.05,27.0,27.02,27.185,27.2,27.14,27.2239,27.545,27.615,27.65],"lows":[26.36,26.56,26.59,26.84,26.695,26.5292,26.79,26.7,26.8975,26.955,27.0445,26.93,26.91,27.3,27.52,27.4996],"closes":[26.645,26.665,26.8076,26.975,26.695,26.7911,26.96,26.772,27.0083,27.185,27.0445,26.9902,27.2239,27.545,27.615,27.5502],"hoverRows":[[{"label":"Open","value":"26.4","className":"is-ohlc","compact":true},{"label":"High","value":"26.7","className":"is-ohlc","compact":true},{"label":"Low","value":"26.4","className":"is-ohlc","compact":true},{"label":"Close","value":"26.6","className":"is-ohlc","compact":true},{"label":"Market 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easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"27.6","className":"is-ohlc","compact":true},{"label":"High","value":"27.6","className":"is-ohlc","compact":true},{"label":"Low","value":"27.5","className":"is-ohlc","compact":true},{"label":"Close","value":"27.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.55","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":[26.5868,27.6732],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.545164,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"strengthening","fourWeekDirection":"weakening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":16,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[25.0517,25.1051,24.9317,24.9717,24.7426,25.2509,25.3302,25.2957,25.3555,25.5582,25.4325,25.675,25.6549,25.6051,25.6789,25.67,25.4743,25.6564,25.5842,25.3069,25.0738,24.8543,24.8347,25.0226,25.62,26.2199,26.2948,26.4346,26.645,26.665,26.8076,26.975,26.695,26.7911,26.96,26.772,27.0083,27.185,27.0445,26.9902,27.2239,27.545,27.615,27.5502],"consensus":[100.0,-38.8945,-93.8369,-47.8803,-68.5246,51.1776,48.8537,21.1929,51.8492,71.6118,0.0,78.3939,37.9555,33.5988,51.7912,15.7535,-36.2741,49.0105,0.0,-53.1687,-61.3137,-72.2969,-53.0928,0.0,61.3815,73.5066,55.304,60.0098,65.6065,40.0594,65.8534,67.052,-9.3992,48.3028,44.8592,-12.6976,61.3419,60.7767,0.0,14.9746,59.0814,67.8736,56.4907,25.2775],"supportDates":["2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,53.6398,47.7941,5.6049,42.1419,66.7529,0.0,76.8211,33.4813,38.304,42.9315,13.1286,-29.4667,49.2686,0.0,-50.7875,-55.0687,-69.394,-56.0226,0.0,54.7754,81.3232,59.4433,64.6968,70.5888,34.4284,70.4551,72.9576,-15.3024,56.6612,49.723,-5.5215,66.9892,68.2809,0.0,8.3308,68.3008,81.5411,65.3239,15.3916],"force":[100.0,-38.8945,-93.8369,-47.8803,-42.7051,48.2018,28.4073,5.0277,52.4753,81.8043,0.0,89.5486,3.4965,14.2365,52.5254,4.4355,-82.8888,81.5411,0.0,-74.6955,-80.4074,-89.8637,-33.3109,0.0,96.4677,78.4617,36.185,42.6535,51.6724,10.5653,53.359,51.5411,-78.2686,31.4663,24.4822,-72.0411,60.4018,50.2721,0.0,11.729,58.5075,58.067,34.1828,6.3233],"direction":[null,null,null,null,-86.9672,50.4894,64.6691,57.7369,62.4959,69.8844,0.0,72.2238,67.6825,42.0517,61.392,33.1742,-10.7577,25.4793,0.0,-40.5138,-54.8124,-63.0669,-63.8744,0.0,43.8698,61.0339,64.2298,67.0507,69.8654,67.5622,69.5187,71.382,-46.5397,50.7764,53.8556,-21.4892,55.5593,59.7037,0.0,41.6413,48.9549,59.2582,62.33,59.1476],"intensity":[null,null,null,null,100.0,100.0,83.3333,28.5714,37.5,66.6667,30.0,63.6364,16.6667,61.5385,64.2857,53.3333,43.75,41.1765,22.2222,78.9474,70.0,57.1429,81.8182,39.1304,100.0,100.0,92.3077,22.2222,53.5714,44.8276,20.0,70.9677,75.0,69.697,70.5882,34.2857,61.1111,27.027,15.7895,12.8205,62.5,90.2439,50.0,9.3023],"confirmation":[54.6667,35.1129,52.6945,37.9884,66.0809,84.2486,83.0262,29.9594,84.7587,91.3004,33.7691,93.45,56.4971,78.0898,84.7306,50.7454,81.1321,84.6708,25.2229,85.7063,88.2974,91.7146,84.3422,35.3127,88.812,91.554,85.0515,86.6028,88.4935,80.006,88.6222,88.8939,37.6118,82.8164,81.6598,10.5655,87.5147,87.0141,9.249,29.2481,86.7481,89.2124,85.2626,61.9587],"persistence":[null,null,33.3333,50.0,60.0,33.3333,14.2857,0.0,0.0,25.0,37.5,62.5,87.5,87.5,87.5,87.5,62.5,62.5,62.5,37.5,12.5,12.5,37.5,50.0,25.0,25.0,12.5,12.5,37.5,62.5,87.5,100.0,75.0,75.0,75.0,50.0,50.0,50.0,37.5,37.5,62.5,62.5,62.5,87.5],"assessmentRisk":[null,null,null,null,15.0135,0.1487,22.1955,34.2915,23.8032,9.6074,19.716,8.6298,26.7901,4.4751,17.456,9.2915,18.9651,10.2984,30.5084,22.6962,18.683,13.8449,23.4485,48.4029,18.54,13.2416,22.3455,19.9915,17.134,26.5029,14.9779,14.8514,14.0714,0.4624,7.2698,28.3314,12.594,17.6435,23.5193,36.2855,13.4658,14.3958,21.6018,37.174],"volumeParticipation":true,"latest":{"consensus":25.3,"control":15.4,"force":6.3,"direction":59.1,"confirmation":62.0,"persistence":87.5,"assessmentRisk":37.2,"intensity":9.3,"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":"Broadly stable","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":"+25.3","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+15.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+6.3","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+59.1","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":"72.1","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"0.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"32.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"97%","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 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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,16.3349,17.7923,19.5628,21.3758,23.1046,25.0044,26.0531,26.2674,27.0414,27.3611,27.7052,28.4076,29.0941,29.1462,29.4189,30.4178,31.488,32.5544],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,18.5005,22.0817,19.0109,17.1812,15.6761,17.4616,15.8784,14.3531,12.8355,12.407,15.2142,26.211,34.8982,35.1979,36.3731,38.6478,38.8345,37.4018,39.9086,36.4929,34.1694,38.338,35.5246,33.8407,36.0279,34.964,33.0271,32.5113,38.095,39.0091,38.3488],"stroke":"#07865c","width":1.6},{"label":"Negative 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}