{"schema_version":"1.0","name":"INDQ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"67a64f42-7068-4ba8-92aa-a52950081bd2","symbol":"INDQ","name":"PACER ACTIVEALPHA INDIA QUALITY ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Completed returns and cumulative progression, Range expansion and closing direction, Range pressure and compression, Range position and boundary pressure, 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":21,"displayedObservations":21,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"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],"opens":[25.1336,25.2299,26.41,27.22,26.71,26.3563,27.0,26.14,26.56,26.4232,25.99,26.77,27.28,26.1039,26.0691,25.6199,25.3624,25.72,26.4622,26.8447,27.09],"highs":[25.3734,26.665,27.81,27.22,26.9448,27.3757,27.05,26.356,26.92,26.65,26.4001,27.07,27.3381,26.1327,26.0691,25.6529,25.4724,26.3221,26.9131,27.24,27.09],"lows":[25.1336,25.22,26.3001,26.7681,26.5541,26.3563,26.06,25.8016,26.56,26.1014,25.9318,26.6624,26.3136,25.9097,25.8631,25.495,24.9997,25.72,26.4622,26.8447,26.9],"closes":[25.3734,26.6603,27.6106,26.938,26.6817,27.3757,26.5283,26.356,26.8391,26.1014,26.3817,26.9645,26.3557,26.057,25.9656,25.5083,25.43,26.3221,26.9131,26.9935,26.9073],"hoverRows":[[{"label":"Open","value":"25.1","className":"is-ohlc","compact":true},{"label":"High","value":"25.4","className":"is-ohlc","compact":true},{"label":"Low","value":"25.1","className":"is-ohlc","compact":true},{"label":"Close","value":"25.4","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[25.239168,27.744832],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-10","price":26.6603},{"date":"2026-07-31","price":26.3221}],"reversal_dangers":[{"date":"2026-04-17","price":27.6106},{"date":"2026-08-07","price":26.9131}]}},"smTape":{"available":true,"dates":["2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[25.3734,26.6603,27.6106,26.938,26.6817,27.3757,26.5283,26.356,26.8391,26.1014,26.3817,26.9645,26.3557,26.057,25.9656,25.5083,25.43,26.3221,26.9131,26.9935,26.9073],"consensus":[100.0,99.3495,73.5877,-14.3877,51.0224,70.088,-22.2483,0.0,47.2582,-50.9329,20.862,59.0406,-41.6105,-20.617,-27.874,-59.3948,-25.6894,40.6905,56.5893,32.224,11.1286],"supportDates":["2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,75.3556,-22.4857,0.0,50.3401,-47.336,29.2408,51.1053,-37.6493,-21.282,-23.6408,-62.6256,-12.9186,48.0346,67.363,27.7979,2.4135],"force":[100.0,99.3495,73.5877,-14.3877,6.1429,54.2987,-40.7142,0.0,54.8763,-64.4252,43.6804,77.434,-73.1746,-13.5149,-14.0555,-43.3204,-4.4707,64.8347,53.8362,15.3526,16.5478],"direction":[null,null,null,null,91.8547,75.3458,-8.7871,0.0,38.2944,-45.4061,5.0126,54.9714,-23.5919,-24.9301,-42.5823,-67.1842,-55.4409,15.0514,46.2432,49.3333,46.3741],"intensity":[null,null,null,null,25.0,60.0,66.6667,57.1429,62.5,55.5556,20.0,54.5455,25.0,92.3077,7.1429,26.6667,31.25,82.3529,66.6667,21.0526,10.0],"confirmation":[54.6667,54.4585,46.2147,27.2707,38.3463,89.8667,75.6786,3.4355,83.3078,84.7645,53.6463,87.5745,82.3377,74.3709,76.563,86.4672,53.1019,81.6449,85.8605,77.8649,6.9691],"persistence":[null,null,100.0,50.0,60.0,66.6667,42.8571,37.5,37.5,12.5,12.5,37.5,12.5,12.5,12.5,25.0,50.0,25.0,25.0,25.0,0.0],"assessmentRisk":[null,null,null,null,20.6287,2.2457,32.1723,30.1049,13.0223,21.3372,20.591,5.7739,9.2781,7.0253,17.0751,20.0,35.0805,2.1404,18.8461,33.6727,44.2196],"volumeParticipation":true,"latest":{"consensus":11.1,"control":2.4,"force":16.5,"direction":46.4,"confirmation":7.0,"persistence":0.0,"assessmentRisk":44.2,"intensity":10.0,"evidenceDepth":81},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+11.1","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+2.4","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+16.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+46.4","detail":"Upward 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