{"schema_version":"1.0","name":"AALG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"650e8883-5ff9-481e-97b4-9420cc54e832","symbol":"AALG","name":"LEVERAGE SHARES 2X LONG AAL DAILY ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Drawdown and recovery pressure, Range pressure and compression, Range position and boundary pressure, Activity pressure and cumulative balance."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":59,"displayedObservations":59,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Negative pressure; price rotational","headline":"Market Dynamics is negative while price has no clear direction","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"The underlying condition is weak, but a negative price response is still 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":32.4,"medianReturn":32.4,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough 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Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-36.7,"medianReturn":-36.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"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":-10.6,"sample":1},{"week":3,"averageReturn":-30.9,"sample":1},{"week":4,"averageReturn":-36.7,"sample":1},{"week":5,"averageReturn":-29.9,"sample":1},{"week":6,"averageReturn":-24.3,"sample":1},{"week":7,"averageReturn":-34.9,"sample":1},{"week":8,"averageReturn":-43.6,"sample":1},{"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}]},"currentApplication":{"status":"Negative pressure; price rotational","tone":"caution","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"The underlying condition is weak, but a negative price response is still required.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":66.8,"sample":2},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 66.8% across 2 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 4.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 6.2% across 2 completed cases, with the largest move arriving after 2.5 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-06-26","price":20.1622}],"reversal_dangers":[{"date":"2026-07-03","price":20.1061}]}},"smTape":{"available":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"],"close":[13.147,13.6631,11.4087,10.4227,11.5045,14.5537,15.2681,14.884,14.118,13.7266,12.6945,10.4494,11.0182,10.7405,11.353,15.082,13.6054,14.5382,12.6212,12.7395,15.1636,16.6898,17.0622,18.8965,18.0107,18.064,19.1606,17.5832,15.9409,12.9869,16.8942,13.9734,13.2691,12.1575,8.865,7.4166,7.59,7.3317,8.0346,8.7855,11.045,9.8264,9.3518,11.792,9.9671,12.5305,13.899,11.79,14.3109,16.2254,20.1622,20.1061,18.02,13.928,12.7621,14.1271,15.2712,13.1167,11.362],"consensus":[-100.0,14.7058,-87.9934,-42.9074,-37.1238,57.3274,58.2043,40.7102,0.0,-9.756,-47.618,-77.8497,-9.5913,-49.0438,-10.903,73.13,0.0,48.8422,-24.9897,0.0,58.2771,60.6362,34.6139,61.8835,14.5793,32.7949,48.6416,-12.0429,-32.2127,-67.0165,35.7145,-51.0599,-40.9356,-45.892,-75.7056,-72.6852,-46.1146,-57.0019,-13.7442,0.0,39.7704,-17.633,-11.2775,52.8811,-38.2046,52.6645,38.027,-18.682,61.2163,57.821,76.5284,35.2543,9.6133,-38.9363,-32.025,0.0,0.0,-37.9123,-43.2244],"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":[38.1259,0.0,-3.4838,-36.9955,-71.1516,-4.6253,-39.4546,-7.7486,60.4472,0.0,45.6169,-39.501,0.0,60.4632,62.5477,26.1632,63.3105,0.8593,32.4942,48.5352,-8.1087,-35.0903,-65.6194,46.3041,-52.0338,-39.0378,-51.2978,-75.8703,-71.0724,-48.4567,-59.0427,-13.1884,0.0,32.5068,-18.0656,-15.4073,47.4538,-41.5939,46.1189,28.8588,-23.1211,59.6226,60.777,82.0942,24.183,5.9966,-46.0602,-28.2309,0.0,0.0,-46.3897,-46.6171],"force":[10.2396,0.0,-23.7169,-66.5484,-95.1296,-45.3108,-43.046,-29.8001,97.9163,0.0,56.8447,-47.1414,0.0,75.3159,66.5577,15.4793,56.3781,18.963,11.2246,38.9279,-52.2694,-46.7733,-89.983,73.1978,-61.3248,-37.9835,-43.0817,-89.5637,-80.6723,-11.5329,-39.2022,-36.4931,0.0,85.1373,-41.1485,-8.2115,90.5623,-61.3031,81.4587,33.5546,-51.9237,76.991,51.0578,77.8703,5.8237,30.1466,-57.6416,-33.4805,0.0,0.0,-49.3035,-46.3541],"direction":[65.4285,0.0,-6.9523,-46.2363,-73.1618,-65.0547,-64.287,-43.5815,69.9202,0.0,46.8121,-7.4173,0.0,43.6081,54.2221,57.9394,64.1851,56.1822,48.546,55.7017,-12.194,-18.5237,-52.2086,3.1616,-42.6148,-45.2131,-41.7214,-65.6187,-68.8232,-68.1391,-67.3837,-50.263,0.0,15.6666,-0.3419,-8.7476,32.1686,-17.8322,39.5778,51.6994,-10.1352,51.77,59.2736,69.2089,68.9291,55.853,-17.4337,-35.3214,0.0,0.0,-20.0872,-37.1116],"intensity":[28.5714,50.0,66.6667,30.0,72.7273,58.3333,46.1538,14.2857,100.0,43.75,23.5294,66.6667,84.2105,85.0,47.619,68.1818,56.5217,16.6667,40.0,38.4615,44.4444,53.5714,93.1034,100.0,87.0968,56.25,24.2424,94.1176,68.5714,13.8889,2.7027,10.5263,33.3333,80.0,56.0976,4.7619,83.7209,59.0909,84.4444,100.0,68.0851,81.25,91.8367,98.0,92.1569,86.5385,100.0,78.8462,53.8462,82.6923,75.0,65.3846],"confirmation":[80.138,31.9168,26.3097,83.9765,93.5406,12.2657,83.6573,8.6539,92.3503,33.5383,83.9225,55.3664,25.6469,87.1346,87.5549,78.6221,87.6132,8.1071,77.8416,83.2709,30.4077,78.708,90.1665,58.4174,84.6372,81.0383,82.5174,92.6456,91.5272,81.6671,85.6671,33.3274,30.9252,82.2198,51.686,71.4524,86.153,80.8778,85.8299,80.172,31.7525,88.0943,86.2516,92.4452,55.8865,9.8129,80.9211,78.3502,28.6769,1.1141,80.3499,81.8755],"persistence":[0.0,12.5,12.5,12.5,12.5,12.5,37.5,62.5,62.5,62.5,37.5,37.5,25.0,0.0,25.0,50.0,50.0,62.5,62.5,87.5,75.0,50.0,25.0,25.0,0.0,25.0,50.0,75.0,75.0,75.0,75.0,100.0,87.5,62.5,62.5,62.5,37.5,37.5,12.5,12.5,0.0,0.0,25.0,50.0,50.0,75.0,50.0,25.0,37.5,25.0,0.0,25.0],"assessmentRisk":[29.3189,45.2942,21.3441,23.8056,10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Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-43.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-46.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-46.4","detail":"Downward 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envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[13.147,13.6631,11.4087,10.4227,11.5045,14.5537,15.2681,14.884,14.118,13.7266,12.6945,10.4494,11.0182,10.7405,11.353,15.082,13.6054,14.5382,12.6212,12.7395,15.1636,16.6898,17.0622,18.8965,18.0107,18.064,19.1606,17.5832,15.9409,12.9869,16.8942,13.9734,13.2691,12.1575,8.865,7.4166,7.59,7.3317,8.0346,8.7855,11.045,9.8264,9.3518,11.792,9.9671,12.5305,13.899,11.79,14.3109,16.2254,20.1622,20.1061,18.02,13.928,12.7621,14.1271,15.2712,13.1167,11.362],"stroke":"#10243b","width":2.1},{"label":"Fast 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AALG Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/650e8883-5ff9-481e-97b4-9420cc54e832/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."}