{"schema_version":"1.0","name":"BLSH Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"73028865-9416-4210-9991-9e5ac92f5036","symbol":"BLSH","name":"Bullish","exchange":"NYSE","country":"US","asset_type":"equity","currency":"USD","sector":"Technology","industry":"Software - Infrastructure"},"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, Drawdown and recovery pressure, Range pressure and compression, Activity pressure and cumulative balance, Range position and boundary pressure, 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":"2026-08-14","observations":53,"displayedObservations":53,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","take":"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.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.2278,-0.260006,-0.146577,0.069619,0.231564,0.397692,0.500764,0.550423,0.654821,0.696664,0.761385,0.780972,0.779746,0.683848,0.431423,0.102403,-0.243367,-0.491763,-0.622306,-0.690087,-0.752999,-0.752908,-0.741117,-0.717394,-0.60121],"opens":[31.13,30.73,34.25,38.0,38.0,34.5,36.49,35.79,42.79,39.39,39.24,42.92,35.89,36.0,33.82,27.5,28.67,23.97,23.96,25.41,24.0,22.36,24.32,21.52,24.0],"highs":[33.04,37.525,38.39,40.58,39.9,36.66,40.2,44.05,43.78,40.425,48.93,45.0,37.8,36.58,34.085,28.46,29.6982,26.0,27.215,27.1,25.81,25.14,24.35,24.06,28.24],"lows":[29.71,30.51,34.25,36.62,34.0,32.8,35.3,35.73,39.26,36.36,39.24,35.5,34.43,33.22,26.9,26.01,23.495,21.76,22.36,24.21,22.32,21.84,20.55,21.35,23.43],"closes":[31.39,34.96,36.62,37.97,34.43,36.37,36.23,43.51,39.95,39.32,43.66,35.66,35.18,34.91,26.96,27.21,24.1,23.29,25.57,24.23,22.41,23.96,21.79,23.62,24.39],"hoverRows":[[{"label":"Open","value":"31.1","className":"is-ohlc","compact":true},{"label":"High","value":"33.0","className":"is-ohlc","compact":true},{"label":"Low","value":"29.7","className":"is-ohlc","compact":true},{"label":"Close","value":"31.4","className":"is-ohlc","compact":true},{"label":"Market 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repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"21.5","className":"is-ohlc","compact":true},{"label":"High","value":"24.1","className":"is-ohlc","compact":true},{"label":"Low","value":"21.4","className":"is-ohlc","compact":true},{"label":"Close","value":"23.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.72","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"24.0","className":"is-ohlc","compact":true},{"label":"High","value":"28.2","className":"is-ohlc","compact":true},{"label":"Low","value":"23.4","className":"is-ohlc","compact":true},{"label":"Close","value":"24.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.60","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[20.4778,44.9722],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.60121,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-08-15","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"],"close":[69.54,70.82,59.03,52.35,51.84,69.18,62.59,64.81,60.41,57.07,54.22,50.57,45.08,38.48,38.6,43.62,46.45,43.54,44.6,41.14,39.26,38.4,39.01,35.75,30.2,27.45,31.73,31.77,31.39,34.96,36.62,37.97,34.43,36.37,36.23,43.51,39.95,39.32,43.66,35.66,35.18,34.91,26.96,27.21,24.1,23.29,25.57,24.23,22.41,23.96,21.79,23.62,24.39],"consensus":[-93.84,88.0208,-95.5125,-21.6636,-23.5413,20.2294,-9.5618,0.0,-14.14,-18.6534,-16.3858,-26.3142,-29.2717,-41.396,-16.1369,0.0,0.0,-17.2068,0.0,-23.7355,-17.3116,-23.3841,-9.3593,-28.6842,-43.9458,-33.1447,0.0,-14.3465,-9.9004,14.9228,11.5827,9.088,-18.3059,16.1874,0.0,47.3986,0.0,11.4881,35.1674,-42.5064,-18.7731,-13.2347,-65.0813,-27.1355,-53.5986,-37.4846,0.0,-37.6941,-39.939,0.0,-39.4515,0.0,-5.2876],"supportDates":["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"],"control":[null,null,null,null,31.0932,-16.8435,0.0,-25.6144,-20.2312,-17.3265,-29.155,-29.1826,-45.2267,-6.3134,0.0,0.0,-29.1556,0.0,-33.3057,-17.5852,-30.3389,-6.853,-35.6275,-49.8407,-30.3086,0.0,-14.4957,-13.5431,11.1758,9.1089,1.7358,-28.9543,20.7763,0.0,50.3285,0.0,10.2629,28.6806,-41.1803,-21.2509,-11.9272,-65.0905,-24.9429,-55.2666,-35.6222,0.0,-46.3507,-50.0157,0.0,-40.5453,0.0,-12.758],"force":[88.0208,-95.5125,-21.6636,-8.9274,25.384,-11.8036,0.0,-18.3818,-16.891,-12.046,-20.4914,-22.5935,-33.0215,-0.813,0.0,0.0,-13.6727,0.0,-20.2114,-9.9058,-16.0502,-0.3966,-24.2474,-46.1353,-27.943,0.0,-3.347,-0.0701,30.7139,16.7242,8.7068,-30.0561,22.6491,0.0,58.5565,0.0,5.1882,42.2642,-75.7541,-16.2923,-8.7086,-89.1431,-7.3793,-55.4497,-21.4393,0.0,-27.2784,-30.9794,0.0,-39.1774,0.0,-6.6864],"direction":[null,null,null,-33.9799,4.1316,-0.3616,0.0,-2.0033,-18.109,-18.4106,-27.2267,-34.1436,-42.9999,-39.471,0.0,0.0,-6.0755,0.0,-15.3152,-22.2886,-20.6742,-19.1921,-23.9182,-35.645,-40.1014,0.0,-22.0329,-12.859,7.9258,10.7375,17.7628,-2.2566,6.3273,0.0,36.0802,0.0,17.3882,37.5116,-20.2737,-17.7134,-17.9619,-47.8838,-43.7528,-50.37,-51.0739,0.0,-35.2407,-34.8226,0.0,-38.3972,0.0,-5.3028],"intensity":[null,null,null,25.0,80.0,50.0,28.5714,12.5,44.4444,10.0,9.0909,50.0,46.1538,57.1429,33.3333,18.75,5.8824,5.5556,15.7895,40.0,4.7619,9.0909,21.7391,58.3333,64.0,34.6154,11.1111,3.5714,48.2759,33.3333,16.129,31.25,24.2424,35.2941,80.0,36.1111,27.027,86.8421,82.0513,75.0,7.3171,80.9524,62.7907,18.1818,40.0,10.8696,8.5106,10.4167,8.1633,16.0,9.8039,50.0],"confirmation":[50.8333,53.2307,29.599,52.1985,51.7983,48.4276,24.5365,50.2399,73.8913,73.0969,76.1998,77.1648,80.9331,27.6371,27.8111,25.7158,50.5497,48.2667,75.3421,73.3098,75.1534,25.4871,76.9379,82.0396,78.491,6.4239,49.5867,48.157,50.647,71.9009,48.3419,51.8685,50.6403,47.5776,83.463,29.6797,48.8362,79.5687,82.6355,73.894,72.1171,89.5592,53.448,85.1825,79.5345,6.0512,79.6128,80.3539,5.059,80.5995,5.6416,33.3064],"persistence":[null,33.3333,50.0,60.0,33.3333,42.8571,37.5,37.5,62.5,62.5,62.5,62.5,87.5,87.5,87.5,75.0,75.0,62.5,62.5,62.5,62.5,62.5,75.0,87.5,87.5,87.5,87.5,87.5,62.5,37.5,12.5,12.5,12.5,12.5,37.5,50.0,50.0,50.0,25.0,25.0,0.0,12.5,37.5,50.0,75.0,87.5,87.5,87.5,75.0,75.0,62.5,50.0],"assessmentRisk":[null,null,null,38.1222,18.3546,22.9955,41.828,45.9594,36.381,32.3391,35.0686,34.2225,28.91,41.0141,39.7497,8.6192,42.0001,42.9977,19.2896,40.2268,34.6636,42.5074,32.4219,27.6078,33.3345,48.5203,35.8242,26.1208,42.1395,41.4968,44.3745,49.2573,15.1888,4.296,22.5124,48.0109,31.7714,31.7183,27.272,33.3675,34.739,17.4247,34.7584,22.7246,30.9201,13.1575,12.1994,3.3141,11.6302,20.4934,10.6553,35.0521],"volumeParticipation":true,"latest":{"consensus":-5.3,"control":-12.8,"force":-6.7,"direction":-5.3,"confirmation":33.3,"persistence":50.0,"assessmentRisk":35.1,"intensity":50.0,"evidenceDepth":100},"analysis":{"status":"Joint 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":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-5.3","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-12.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-6.7","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-5.3","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"33/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"39.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"23.7%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"21.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"14%","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 downward.","series":[{"label":"Close","values":[69.54,70.82,59.03,52.35,51.84,69.18,62.59,64.81,60.41,57.07,54.22,50.57,45.08,38.48,38.6,43.62,46.45,43.54,44.6,41.14,39.26,38.4,39.01,35.75,30.2,27.45,31.73,31.77,31.39,34.96,36.62,37.97,34.43,36.37,36.23,43.51,39.95,39.32,43.66,35.66,35.18,34.91,26.96,27.21,24.1,23.29,25.57,24.23,22.41,23.96,21.79,23.62,24.39],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,62.6129,63.8069,63.5857,63.8083,63.1904,62.0776,60.6489,58.8164,56.3189,53.0754,50.4435,49.2029,48.7024,47.7638,47.1885,46.0888,44.8472,43.675,42.8268,41.5401,39.4783,37.2913,36.2802,35.4601,34.7201,34.7637,35.1012,35.6228,35.4059,35.5812,35.6992,37.1193,37.634,37.9405,38.9804,38.3767,37.7955,37.2709,35.3962,33.9078,32.1245,30.5183,29.6186,28.6388,27.5063,26.8615,25.9394,25.5177,25.3127],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,61.9801,60.2393,58.6364,57.5241,56.7038,55.7287,54.9043,53.8847,52.8014,51.7347,50.7921,49.6779,48.2351,46.6954,45.5869,44.5634,43.5876,42.9485,42.4797,42.1457,41.5741,41.1887,40.8213,41.0205,40.9412,40.8211,41.0314,40.6335,40.2296,39.8355,38.8818,38.0172,36.9863,35.9718,35.2013,34.3886,33.5013,32.7945,31.9794,31.3601,30.8438],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,74.816,74.257,74.0931,74.6296,75.9511,76.4278,75.9411,75.2518,74.7303,74.1453,73.7547,71.655,68.7813,67.8958,67.8592,68.1966,65.215,62.7733,59.0938,55.9572,52.9899,50.3057,48.2887,47.2952,47.1808,47.0476,47.0277,45.8427,45.1745,44.96,44.4135,44.0957,43.8552,43.9739,44.205,44.8215,45.3128,45.5973,45.9443,46.3991,46.3999,46.2881,45.7053,45.4025],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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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,-16.6478,-26.0802,-26.8003,-2.3157,-11.621,-8.4863,-14.6992,-19.4154,-23.4397,-28.5936,-36.3457,-45.6651,-45.4956,-38.4072,-34.4112,-38.5202,-37.0234,-41.9091,-44.5637,-45.778,-44.9167,-49.5199,-57.3567,-61.2398,-55.1963,-55.1398,-55.6764,-50.6354,-48.2914,-46.3852,-51.3838,-48.6445,-48.8421,-38.5626,-43.5894,-44.479,-38.3507,-49.647,-50.3248,-50.706,-61.9317,-61.5787,-65.9701,-67.1138,-63.8944,-65.7865,-68.3564,-66.1677,-69.2319,-66.6478,-65.5606],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,25.0193,16.5316,10.0887,4.591,0.0,0.0,0.0,0.3119,13.3576,20.7121,13.1497,15.9044,6.9127,2.027,0.0,1.5885,0.0,0.0,0.0,15.592,15.7377,14.3534,27.3588,33.4062,38.3242,25.4281,32.4954,31.9854,58.5064,45.5373,43.2423,59.0528,29.9089,28.1603,27.1767,0.0,0.9273,0.0,0.0,9.7896,4.0361,0.0,6.9166,0.0,8.3983,11.9321],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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pressure and cumulative 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,69.022,65.0267,50.4469,35.8248,28.4348,50.7293,44.6233,86.2377,32.8513,41.8688,25.6192,48.6994,20.5722,42.5996,45.4663,61.368,53.7019,103.5442,166.0384,154.9547,45.9088,54.2696,77.595,65.4232,71.5488,75.047,47.9606,60.1118,69.5632,67.6506,60.4556,100.647,107.7155,86.136,63.6558,136.5113,83.0189,131.2379,117.8851,106.9186,72.4523,87.0984,105.3592,141.8185,70.5301,139.2257],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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BLSH Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/73028865-9416-4210-9991-9e5ac92f5036/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."}