{"schema_version":"1.0","name":"CWVX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"6c795d3e-52b4-4912-828c-ba91da6713ed","symbol":"CWVX","name":"Tradr 2X Long CRWV Daily ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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 position and boundary pressure, Activity pressure and cumulative balance, 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":59,"displayedObservations":59,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"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 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A positive price response is needed to confirm the repair.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 2 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 29.0% across 2 completed cases, with the largest move arriving after 7.5 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":[],"reversal_warnings":[],"reversal_dangers":[]}},"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":[100.929,95.249,86.0677,70.4548,108.898,58.9169,52.2887,61.5681,45.2678,69.4728,85.675,78.7522,96.9183,101.1406,97.7529,90.7811,91.763,54.449,28.5256,24.2541,25.0888,36.0277,28.0052,29.6156,24.96,26.6,26.985,42.055,35.3,34.595,30.58,34.44,29.34,21.84,18.14,22.02,22.13,18.34,21.59,32.66,42.18,37.24,42.71,37.91,33.35,31.83,34.05,27.74,27.65,37.51,24.85,17.3,20.13,13.46,12.69,11.97,18.34,24.08,16.4],"consensus":[-96.8389,-91.8596,-83.5334,-39.7503,46.107,-56.746,-42.8127,0.0,-62.1481,27.1942,38.3641,-8.6467,48.6577,27.6008,8.1753,0.0,0.0,-58.1531,-69.3718,-45.0709,-29.8717,0.0,-37.9472,0.0,-35.803,-12.4229,-15.971,28.5298,-8.3808,-12.3838,-9.9094,0.0,-21.1032,-36.3267,-34.6175,0.0,-18.8002,-30.2554,9.7984,41.1742,48.0914,0.0,42.1778,0.0,-14.7902,0.0,8.654,-30.3542,-8.4087,33.3409,-40.5132,-47.4116,-11.6018,-47.8975,-38.8575,-23.9138,11.4908,25.6166,-31.7618],"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":[0.0,-50.9446,21.7445,28.0816,-16.3481,37.7507,15.7631,0.8114,0.0,0.0,-56.3543,-68.2336,-42.6495,-21.5432,0.0,-51.163,0.0,-49.2367,-4.6266,-17.6041,32.3075,-17.0814,-22.1619,-14.2764,0.0,-24.5583,-37.1902,-38.5155,0.0,-20.7931,-38.388,12.1438,38.0071,44.9186,0.0,39.66,0.0,-13.3187,0.0,18.6895,-28.8008,-6.2042,35.9409,-44.6999,-53.6926,-7.6031,-49.9075,-44.2466,-22.9451,17.1699,20.3417,-42.9133],"force":[0.0,-73.6142,74.6325,56.5586,-33.147,62.2566,17.3165,11.1289,0.0,0.0,-79.0491,-89.0379,-30.5284,-4.2454,0.0,-22.6671,0.0,-20.4837,-8.1306,-0.4025,47.3998,-6.6947,-13.3215,-4.3868,0.0,-19.5112,-40.2902,-26.7129,0.0,-9.8577,-27.1929,28.3012,66.3047,54.2529,0.0,40.4871,0.0,-30.5761,0.0,11.1234,-47.5445,-2.5775,43.7331,-55.5347,-50.8907,-7.1849,-45.4685,-24.0137,-8.3494,39.3075,41.8169,-47.5249],"direction":[0.0,-66.762,0.462,37.1194,-17.6553,51.4093,48.4756,30.38,0.0,0.0,-45.2831,-56.6253,-58.2257,-57.6945,0.0,-33.7577,0.0,-31.3925,-36.0141,-25.7999,10.7339,-0.3583,-0.539,-8.8633,0.0,-18.2918,-32.5088,-35.8088,0.0,-22.9099,-23.1485,6.0982,26.8434,47.3164,0.0,46.263,0.0,-5.1963,0.0,4.5791,-19.8507,-15.0932,22.9465,-24.9989,-37.7482,-29.591,-47.3355,-43.3014,-36.1382,14.8687,20.0734,-7.7578],"intensity":[14.2857,25.0,66.6667,60.0,18.1818,41.6667,23.0769,7.1429,53.3333,56.25,82.3529,77.7778,68.4211,5.0,19.0476,13.6364,17.3913,12.5,4.0,3.8462,40.7407,21.4286,37.931,53.3333,22.5806,9.375,24.2424,55.8824,5.7143,5.5556,8.1081,13.1579,48.7179,52.5,14.6341,23.8095,46.5116,59.0909,31.1111,4.3478,57.4468,72.9167,42.8571,50.0,45.098,7.6923,28.8462,1.9231,11.5385,32.6923,50.0,42.3077],"confirmation":[9.3875,88.4076,55.6628,80.9877,29.8294,84.1511,76.6992,4.5142,2.9563,1.3874,87.2732,90.8157,82.0164,54.2382,31.0467,79.476,4.787,78.7854,5.2023,50.006,77.6471,25.241,49.1757,48.2695,2.7446,74.6519,79.7322,78.7773,4.7337,73.7132,77.4645,50.2979,81.9899,83.6254,6.5513,81.4837,29.5152,50.5697,1.1203,49.0018,78.2609,25.2133,78.9462,81.3582,83.182,27.4004,83.2226,79.8999,75.1928,30.2769,76.7714,63.8076],"persistence":[62.5,62.5,37.5,12.5,12.5,12.5,12.5,37.5,37.5,50.0,25.0,0.0,0.0,25.0,37.5,62.5,62.5,75.0,75.0,75.0,50.0,50.0,62.5,62.5,62.5,62.5,62.5,62.5,75.0,75.0,75.0,50.0,37.5,12.5,0.0,25.0,25.0,25.0,37.5,37.5,12.5,12.5,0.0,25.0,37.5,37.5,50.0,75.0,75.0,50.0,50.0,50.0],"assessmentRisk":[16.6836,18.5027,7.036,25.2586,36.457,24.7112,31.2447,21.4712,23.5695,11.7735,19.9258,15.287,27.4278,35.0328,38.2548,17.2182,21.8239,17.4351,25.8852,3.8116,22.2339,36.5987,33.0073,23.2039,41.3138,25.8532,29.5722,31.1406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downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-31.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-42.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-47.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-7.8","detail":"Follow-through is 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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,-5.6278,-14.7245,-30.1938,0.0,-45.8972,-51.9838,-43.4626,-58.431,-36.2038,-21.3255,-27.6826,-11.0009,-7.1235,-10.2344,-16.6366,-15.7349,-50.0,-73.8052,-77.7277,-76.9612,-66.9161,-74.2831,-72.8043,-77.0795,-75.5735,-75.2199,-61.3813,-67.5844,-68.2318,-71.9187,-68.3741,-73.0574,-79.9445,-83.3422,-79.7793,-79.6782,-83.1586,-80.1741,-70.0086,-61.2665,-65.8029,-60.7798,-65.1876,-69.375,-70.7708,-68.7322,-74.5266,-74.6093,-65.5549,-77.1805,-84.1136,-81.5148,-87.6398,-88.3469,-89.0081,-83.1586,-77.8876,-84.94],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,17.7465,0.0,53.4707,89.2625,73.9696,114.0998,123.4273,115.9436,100.5423,102.7115,20.282,0.0,0.0,3.4413,48.5425,15.4656,22.1053,2.9104,9.6721,11.2595,73.3932,45.5423,42.6356,26.0817,41.9965,20.9692,0.0,0.0,21.3892,21.9956,1.1025,19.0187,80.0441,132.5248,105.2922,135.4465,108.9857,83.8479,75.4686,87.7067,52.9217,52.4256,106.7806,36.9901,0.0,16.3584,0.0,0.0,0.0,53.2164,101.1696,37.0092],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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