{"schema_version":"1.0","name":"BMNU Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"6798edca-6956-479b-a352-50211082cfc3","symbol":"BMNU","name":"T-REX 2X LONG BMNR DAILY TARGET 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. Price has not yet responded to the same extent.","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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range pressure and compression, Acceleration, deceleration and rollover, Directional strength and control."},{"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":48,"displayedObservations":48,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.172832,0.310827,0.386304,0.419525,0.58386,0.651781,0.714176,0.773634,0.750084,0.739436,0.698147,0.636337,0.604673,0.547635,0.499674,0.448055,0.379046,0.371023,0.420614,0.600339],"opens":[18.0,19.3,21.5,20.8,20.8,20.5,15.6,15.3,13.8,11.0,11.5,10.2,7.002,7.719,7.78,9.18,9.84,9.83,11.895,11.07],"highs":[21.3,25.4,23.9,21.688,23.4,23.1,16.1,16.3,15.3,11.7,12.2,11.2,8.591,9.547,10.29,11.8,11.58,12.58,12.0391,17.84],"lows":[16.6,18.9,20.3,17.5,19.4,16.3,13.8,13.0,9.532,9.2,9.112,6.3,6.1,7.28,7.47,8.46005,9.185,9.42,10.14,11.01],"closes":[19.95,23.3,21.2,20.45,20.9,16.4,14.55,15.0,10.0,10.1,10.0,6.9,7.703,8.249,8.81,8.83,10.2,11.97,10.93,17.11],"hoverRows":[[{"label":"Open","value":"18.0","className":"is-ohlc","compact":true},{"label":"High","value":"21.3","className":"is-ohlc","compact":true},{"label":"Low","value":"16.6","className":"is-ohlc","compact":true},{"label":"Close","value":"19.9","className":"is-ohlc","compact":true},{"label":"Market 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strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.1","className":"is-ohlc","compact":true},{"label":"High","value":"17.8","className":"is-ohlc","compact":true},{"label":"Low","value":"11.0","className":"is-ohlc","compact":true},{"label":"Close","value":"17.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.60","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":[5.916,24.284],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.600339,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","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 is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"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":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":20,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-09-26","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":[259.4,323.2,266.9,235.0,233.3,194.0,137.6,98.8,52.6,81.85,82.2,83.0,65.1,51.7,61.1,56.1,59.1,49.15,36.4,22.2,22.85,20.85,18.1,17.4,20.25,20.25,15.4,17.0,19.95,23.3,21.2,20.45,20.9,16.4,14.55,15.0,10.0,10.1,10.0,6.9,7.703,8.249,8.81,8.83,10.2,11.97,10.93,17.11],"consensus":[53.9604,68.7831,-97.6339,-39.5269,-30.9046,-50.3566,-56.5166,-71.5128,-76.5939,-14.8363,-30.6395,-36.7815,-39.5399,-53.3809,-11.2434,-41.9942,-21.8806,-23.6065,-46.066,-46.5558,-24.0795,-28.2052,-38.8978,-32.9582,-17.3445,-23.9401,-35.7733,-9.6839,0.0,0.0,-13.2655,0.0,0.0,-30.0119,-20.4339,-8.691,-36.6247,-18.7098,-18.9687,-32.5188,0.0,-10.4454,0.0,-11.5491,0.0,17.9115,0.0,44.2216],"supportDates":["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":[null,null,null,null,null,-46.4087,-56.0504,-68.6922,-71.2127,-6.1004,-20.9929,-42.5266,-43.4049,-57.1591,-0.6869,-43.8488,-29.1992,-24.992,-52.4627,-44.7848,-19.473,-26.3314,-48.3775,-46.6274,-26.232,-35.9895,-48.1122,-14.7317,0.0,0.0,-25.4997,0.0,0.0,-40.903,-27.6722,-10.7849,-45.6937,-25.4609,-27.6649,-42.8536,0.0,-17.19,0.0,-26.1724,0.0,15.8511,0.0,43.9529],"force":[53.9604,68.7831,-97.6339,-39.5269,-13.4847,-41.936,-36.4967,-71.9162,-83.4233,-49.7458,-0.7985,-12.7097,-37.7512,-41.5005,-25.4589,-25.0704,-0.2153,-13.3586,-42.8341,-49.422,-0.9631,-10.2946,-23.8425,-15.4168,-6.7503,-9.7195,-34.1505,-9.1934,0.0,0.0,-11.6672,0.0,0.0,-33.9886,-15.186,-0.1455,-39.3061,-8.1211,-10.2884,-28.6229,0.0,-1.0047,0.0,-7.4882,0.0,20.1502,0.0,44.327],"direction":[null,null,null,null,-43.3474,-60.8832,-71.3495,-74.4482,-77.8656,-70.9501,-62.9791,-47.4099,-36.4003,-57.5489,-49.524,-51.963,-29.2994,-29.343,-41.0641,-46.5324,-45.8559,-43.14,-38.8176,-29.8658,-24.3978,-20.3268,-22.8309,-17.3987,0.0,0.0,-0.4252,0.0,0.0,-14.7246,-15.9101,-12.6098,-24.345,-18.5575,-15.2303,-23.4903,0.0,-9.4807,0.0,-2.2626,0.0,18.6672,0.0,44.4534],"intensity":[null,null,null,null,25.0,40.0,83.3333,28.5714,50.0,22.2222,10.0,27.2727,58.3333,15.3846,14.2857,20.0,6.25,35.2941,27.7778,42.1053,15.0,4.7619,4.5455,4.3478,12.5,8.0,26.9231,25.9259,21.4286,31.0345,6.6667,16.129,6.25,39.3939,47.0588,2.8571,44.4444,35.1351,2.6316,33.3333,17.5,7.3171,4.7619,13.9535,11.3636,17.7778,8.6957,59.5745],"confirmation":[39.934,44.6772,53.9095,35.3153,54.4265,83.9176,85.4823,90.9394,92.8002,13.5249,54.3755,78.9489,80.5393,84.6622,8.0715,80.8941,51.5962,75.2207,82.5452,83.0122,52.4045,76.5084,79.844,77.8037,51.4539,75.0438,79.21,27.0745,3.7089,25.5157,49.3432,1.191,24.5173,77.5591,74.2686,47.8443,79.6634,73.5615,73.6729,78.1298,48.3006,48.2854,24.6499,26.4985,24.9663,73.8313,3.1238,82.1582],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,75.0,75.0,62.5,50.0,50.0,50.0,50.0,62.5,75.0,75.0,87.5,87.5,87.5,75.0,75.0,62.5,37.5,25.0,0.0],"assessmentRisk":[null,null,null,null,10.6935,24.5996,21.5346,14.1462,11.6965,42.2455,29.5908,1.9962,36.928,9.0686,27.9923,19.4619,1.3223,6.456,16.8482,24.1166,36.6694,35.0144,29.6569,11.1265,7.2882,7.6746,2.1084,1.2167,1.9561,21.6483,46.2875,33.6733,22.5944,34.4933,39.1846,44.3362,31.6428,39.7726,37.3505,33.5914,32.9839,28.6881,24.1636,43.7821,41.1421,38.1245,41.781,27.7639],"volumeParticipation":true,"latest":{"consensus":44.2,"control":44.0,"force":44.3,"direction":44.5,"confirmation":82.2,"persistence":0.0,"assessmentRisk":27.8,"intensity":59.6,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+44.2","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+44.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+44.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+44.5","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"82/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"60.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"49.8%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"26.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"53%","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 is rotating through its trend references.","series":[{"label":"Close","values":[259.4,323.2,266.9,235.0,233.3,194.0,137.6,98.8,52.6,81.85,82.2,83.0,65.1,51.7,61.1,56.1,59.1,49.15,36.4,22.2,22.85,20.85,18.1,17.4,20.25,20.25,15.4,17.0,19.95,23.3,21.2,20.45,20.9,16.4,14.55,15.0,10.0,10.1,10.0,6.9,7.703,8.249,8.81,8.83,10.2,11.97,10.93,17.11],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,258.2911,246.6018,226.7833,203.5136,176.0748,158.943,144.9897,133.7189,121.2427,108.5986,99.9625,91.9875,86.0079,79.3065,71.5053,62.5407,55.3242,49.0562,43.4278,38.6955,35.3417,32.5978,29.4709,27.2035,25.8847,25.4147,24.6484,23.8851,23.3423,22.0801,20.711,19.6726,17.914,16.4932,15.3127,13.7831,12.6776,11.8724,11.3156,10.8637,10.743,10.9661,10.9595,12.0778],"stroke":"#176fa3","width":1.7},{"label":"Slow 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risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-17.4196,-27.2896,-27.8156,-39.9752,-57.4257,-69.4307,-83.7252,-74.6751,-74.5668,-74.3193,-79.8577,-84.0037,-81.0953,-82.6423,-81.7141,-84.7927,-88.7376,-93.1312,-92.9301,-93.5489,-94.3998,-94.6163,-93.7345,-93.7345,-95.2351,-94.7401,-93.8274,-92.7908,-93.4406,-93.6726,-93.5334,-94.9257,-95.4981,-95.3589,-96.9059,-96.875,-96.9059,-97.8651,-97.6166,-97.4477,-97.2741,-97.2679,-96.8441,-96.2964,-96.6182,-94.7061],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,0.0,55.6084,56.2738,57.7947,23.7643,0.0,18.1818,8.5106,14.3133,0.0,0.0,0.0,2.9279,0.0,0.0,0.0,16.3793,16.3793,0.0,10.3896,29.5455,51.2987,37.6623,32.7922,35.7143,6.4935,0.0,3.0928,0.0,1.0,0.0,0.0,11.6377,19.5507,27.6812,27.971,47.8261,73.4783,58.4058,147.971],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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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,168.2003,261.7545,211.3152,285.9328,215.0306,254.8696,127.367,131.3329,178.8935,189.7944,154.0044,187.7794,311.1815,251.4171,152.1536,192.7095,263.1453,351.7753,287.8798,244.0571,178.8762,153.4326,199.9626,159.9278,126.8657,154.2738,135.2657,112.9336,88.6002,119.8014,103.289,76.0819,64.7052,38.6818,41.3239,3.9931,3.3405,4.1334,3.1729,3.585,7.3004],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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BMNU Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/6798edca-6956-479b-a352-50211082cfc3/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."}