{"schema_version":"1.0","name":"YMAG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"7d3518ea-afba-40ce-acdd-0d5199add872","symbol":"YMAG","name":"YieldMax Big Tech Option Income UCITS ETF","exchange":"EBS","country":"CH","asset_type":"etf","currency":"CHF","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, Activity pressure and cumulative balance, Range position and boundary pressure, Drawdown and recovery pressure."},{"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":16,"displayedObservations":16,"assetType":"ETF","state":"Rotational","stateTone":"caution","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":["2026-05-08","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],"opens":[34.739254,35.161556,35.399292,36.113638,36.392525,33.662687,33.768017,31.85144,33.24353,33.988594,32.101524,32.381222,32.096619,32.238918,34.113388,34.365002],"highs":[35.075176,36.37568,35.829861,36.182137,36.392525,33.792194,33.768017,32.346512,33.24353,33.988594,32.101524,32.606941,32.346874,34.059414,34.481414,34.365002],"lows":[34.441723,34.816038,35.399292,35.913036,36.392525,33.480417,33.768017,31.85144,33.24353,33.949383,32.101524,32.096619,31.777664,32.238918,34.113388,33.625],"closes":[35.075176,35.607853,35.829861,36.182137,36.392525,33.792194,33.768017,32.302399,33.24353,33.949383,32.101524,32.096619,31.777664,34.059414,34.466694,33.625],"hoverRows":[[{"label":"Open","value":"34.7","className":"is-ohlc","compact":true},{"label":"High","value":"35.1","className":"is-ohlc","compact":true},{"label":"Low","value":"34.4","className":"is-ohlc","compact":true},{"label":"Close","value":"35.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"35.2","className":"is-ohlc","compact":true},{"label":"High","value":"36.4","className":"is-ohlc","compact":true},{"label":"Low","value":"34.8","className":"is-ohlc","compact":true},{"label":"Close","value":"35.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"35.4","className":"is-ohlc","compact":true},{"label":"High","value":"35.8","className":"is-ohlc","compact":true},{"label":"Low","value":"35.4","className":"is-ohlc","compact":true},{"label":"Close","value":"35.8","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}],[{"label":"Open","value":"31.9","className":"is-ohlc","compact":true},{"label":"High","value":"32.3","className":"is-ohlc","compact":true},{"label":"Low","value":"31.9","className":"is-ohlc","compact":true},{"label":"Close","value":"32.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.2","className":"is-ohlc","compact":true},{"label":"High","value":"33.2","className":"is-ohlc","compact":true},{"label":"Low","value":"33.2","className":"is-ohlc","compact":true},{"label":"Close","value":"33.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.0","className":"is-ohlc","compact":true},{"label":"High","value":"34.0","className":"is-ohlc","compact":true},{"label":"Low","value":"33.9","className":"is-ohlc","compact":true},{"label":"Close","value":"33.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"32.1","className":"is-ohlc","compact":true},{"label":"High","value":"32.1","className":"is-ohlc","compact":true},{"label":"Low","value":"32.1","className":"is-ohlc","compact":true},{"label":"Close","value":"32.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.4","className":"is-ohlc","compact":true},{"label":"High","value":"32.6","className":"is-ohlc","compact":true},{"label":"Low","value":"32.1","className":"is-ohlc","compact":true},{"label":"Close","value":"32.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.1","className":"is-ohlc","compact":true},{"label":"High","value":"32.3","className":"is-ohlc","compact":true},{"label":"Low","value":"31.8","className":"is-ohlc","compact":true},{"label":"Close","value":"31.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.2","className":"is-ohlc","compact":true},{"label":"High","value":"34.1","className":"is-ohlc","compact":true},{"label":"Low","value":"32.2","className":"is-ohlc","compact":true},{"label":"Close","value":"34.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"34.1","className":"is-ohlc","compact":true},{"label":"High","value":"34.5","className":"is-ohlc","compact":true},{"label":"Low","value":"34.1","className":"is-ohlc","compact":true},{"label":"Close","value":"34.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"34.4","className":"is-ohlc","compact":true},{"label":"High","value":"34.4","className":"is-ohlc","compact":true},{"label":"Low","value":"33.6","className":"is-ohlc","compact":true},{"label":"Close","value":"33.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[31.500772,36.669417],"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":16,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-08","price":35.075176},{"date":"2026-07-10","price":33.949383},{"date":"2026-08-07","price":34.059414},{"date":"2026-08-14","price":34.466694}],"reversal_dangers":[{"date":"2026-05-15","price":35.607853},{"date":"2026-08-14","price":34.466694},{"date":"2026-08-21","price":33.625}]}},"smTape":{"available":true,"dates":["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":[35.0752,35.6079,35.8299,36.1821,36.3925,33.7922,33.768,32.3024,33.2435,33.9494,32.1015,32.0966,31.7777,34.0594,34.4667,33.625],"consensus":[100.0,0.0,100.0,58.0,60.7387,-43.1574,-41.7807,-53.071,-26.1653,-8.6103,-58.6805,-47.0675,-62.0285,44.6448,59.1124,-20.2388],"supportDates":["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,-31.2592,-33.0151,-32.8487,-12.5003,-22.6981,-55.4702,-57.8444,-66.4507,50.0434,52.5618,-37.9827],"force":[100.0,0.0,100.0,58.0,17.2865,-18.3471,-11.0904,-45.8482,-14.3394,-26.5066,-39.4264,-18.649,-37.385,63.988,70.632,-50.2831],"direction":[null,null,null,null,91.776,-74.477,-73.7202,-81.3413,-70.7142,-17.5934,-76.1022,-55.0501,-74.577,24.6584,58.3705,-21.5001],"intensity":[null,null,null,null,25.0,100.0,16.6667,85.7143,75.0,55.5556,80.0,27.2727,16.6667,92.3077,71.4286,53.3333],"confirmation":[54.6667,0.4922,54.6667,41.2267,62.7833,81.2355,80.5681,85.0707,33.0724,29.7918,86.2399,82.0313,87.0307,82.7936,87.3669,34.375],"persistence":[null,null,66.6667,75.0,80.0,50.0,28.5714,12.5,12.5,25.0,50.0,75.0,100.0,75.0,50.0,50.0],"assessmentRisk":[null,null,null,null,19.6306,24.0425,26.9714,23.3837,36.573,11.4787,15.381,14.3194,13.1098,17.8355,18.4249,52.4209],"volumeParticipation":true,"latest":{"consensus":-20.2,"control":-38.0,"force":-50.3,"direction":-21.5,"confirmation":34.4,"persistence":50.0,"assessmentRisk":52.4,"intensity":53.3,"evidenceDepth":62},"analysis":{"status":"Completed tape 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":"Completed tape","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-20.2","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-38.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-50.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-21.5","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"34/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"58.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"2.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"40%","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":[35.0752,35.6079,35.8299,36.1821,36.3925,33.7922,33.768,32.3024,33.2435,33.9494,32.1015,32.0966,31.7777,34.0594,34.4667,33.625],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,35.6243,35.2912,35.0142,34.5212,34.2889,34.2271,33.8407,33.5236,33.2061,33.3613,33.5623,33.5737],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,34.1522,34.1453,34.1691,34.1288],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,37.2491,37.2839,37.2447,37.2098,37.0971,37.0314,36.9174],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,31.9795,31.4879,31.1455,30.8085,30.9284,31.0546,31.1163],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,1.5187,0.6235,0.9832,0.5815,-7.1452,-0.0715,-4.3403,2.9135,2.1233,-5.443,-0.0153,-0.9937,7.1804,1.1958,-2.4421],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,1.5187,2.1516,3.156,3.7558,-3.6578,-3.7267,-7.9052,-5.2221,-3.2097,-8.4779,-8.4919,-9.4013,-2.896,-1.7348,-4.1345],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[1.806,4.3801,1.2017,0.7437,0.0,0.9226,0.0,1.5326,0.0,0.1155,0.0,1.59,1.7912,5.3451,1.0678,2.2007],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[0.967,1.2693,1.2163,0.1897,0.0,0.3847,0.0,1.4158,0.0,-0.1154,0.0,-0.8789,-0.9937,5.6469,1.0357,-2.1534],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity 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,57.9755,0.4829,59.3367,0.0,29.9473,0.0,27.782,236.3151,64.5312],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,128.6977,128.7223,131.6135,131.6135,130.3664,130.3664,131.3781,135.0,132.8241],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,9.9306,30.6554,46.1992,5.5071,5.3991,0.0,49.4435,58.2689,40.0302],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-11.2389,-8.6529,-6.7133,-11.7909,-11.8044,-12.6808,-6.411,-5.2918,-7.6047],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,1.4158,4.3706,6.5867,0.7852,0.7698,0.0,7.1804,8.462,5.8133],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range 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