{"schema_version":"1.0","name":"0137V0 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"7f7ddc08-3df0-475f-b307-d9905dc7197f","symbol":"0137V0","name":"Kiwoom Kiwoom Us S&P 500 Momentum Etf","exchange":"KSC","country":"KR","asset_type":"etf","currency":"KRW","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Acceleration, deceleration and rollover, Range pressure and compression, Directional strength and control, Drawdown and recovery pressure, Activity pressure and cumulative balance."},{"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":37,"displayedObservations":37,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Negative pressure; price rotational","headline":"Market Dynamics is negative while price has no clear direction","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"The underlying condition is weak, but a negative price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.783619,0.972457,0.78335,0.652535,0.434325,0.167123,-0.038675,-0.226027,-0.279465],"opens":[14000.218624,13151.417969,12961.68592,12801.9113,12132.856935,12257.68068,11725.0,11880.0,12090.0],"highs":[14010.204515,13261.262766,13011.615373,12986.650269,12811.897713,12302.617188,12190.0,12180.0,12265.0],"lows":[13585.804164,13101.488516,12771.954,12362.532342,11918.160024,10955.0,11540.0,11670.0,11510.0],"closes":[13640.726563,13151.417969,12791.925781,12527.299805,12232.71582,11700.0,11860.0,12080.0,11590.0],"hoverRows":[[{"label":"Open","value":"14,000","className":"is-ohlc","compact":true},{"label":"High","value":"14,010","className":"is-ohlc","compact":true},{"label":"Low","value":"13,586","className":"is-ohlc","compact":true},{"label":"Close","value":"13,641","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.78","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13,151","className":"is-ohlc","compact":true},{"label":"High","value":"13,261","className":"is-ohlc","compact":true},{"label":"Low","value":"13,101","className":"is-ohlc","compact":true},{"label":"Close","value":"13,151","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.97","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12,962","className":"is-ohlc","compact":true},{"label":"High","value":"13,012","className":"is-ohlc","compact":true},{"label":"Low","value":"12,772","className":"is-ohlc","compact":true},{"label":"Close","value":"12,792","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.78","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12,802","className":"is-ohlc","compact":true},{"label":"High","value":"12,987","className":"is-ohlc","compact":true},{"label":"Low","value":"12,363","className":"is-ohlc","compact":true},{"label":"Close","value":"12,527","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.65","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12,133","className":"is-ohlc","compact":true},{"label":"High","value":"12,812","className":"is-ohlc","compact":true},{"label":"Low","value":"11,918","className":"is-ohlc","compact":true},{"label":"Close","value":"12,233","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.43","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12,258","className":"is-ohlc","compact":true},{"label":"High","value":"12,303","className":"is-ohlc","compact":true},{"label":"Low","value":"10,955","className":"is-ohlc","compact":true},{"label":"Close","value":"11,700","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.17","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11,725","className":"is-ohlc","compact":true},{"label":"High","value":"12,190","className":"is-ohlc","compact":true},{"label":"Low","value":"11,540","className":"is-ohlc","compact":true},{"label":"Close","value":"11,860","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.04","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11,880","className":"is-ohlc","compact":true},{"label":"High","value":"12,180","className":"is-ohlc","compact":true},{"label":"Low","value":"11,670","className":"is-ohlc","compact":true},{"label":"Close","value":"12,080","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.23","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12,090","className":"is-ohlc","compact":true},{"label":"High","value":"12,265","className":"is-ohlc","compact":true},{"label":"Low","value":"11,510","className":"is-ohlc","compact":true},{"label":"Close","value":"11,590","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.28","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[11466.956406,13763.770157],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.279465,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted 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":"Accumulation pressure","detail":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","tone":"negative"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","annotations":[{"label":"Current tape relationship","value":"Accumulation pressure","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"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":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"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":["2025-12-12","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":[10023.4443,9754.292,9858.9619,9729.3691,9729.3691,9923.7578,9724.3857,9639.71,9529.9404,9554.8877,9689.6045,9589.8145,9819.3311,9779.415,9704.5732,9539.9199,9674.6357,10188.5547,10582.7246,10827.21,10895.0,11595.0,12340.0,12410.0,12735.0,13115.0,12890.0,13755.0,13640.7266,13151.418,12791.9258,12527.2998,12232.7158,11700.0,11860.0,12080.0,11590.0],"consensus":[78.5715,0.0,-34.5453,-24.4212,-54.8088,32.1123,-48.3129,-30.2017,-48.1595,-39.4595,8.4552,-30.4024,32.5167,11.9318,-17.0882,-34.4014,11.8373,62.8407,70.853,70.3088,44.6441,88.2645,84.7069,67.459,81.384,58.668,28.5238,61.7719,24.9075,8.0093,0.0,-27.666,-33.1736,-54.2476,-14.1538,0.0,-57.7101],"supportDates":["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,33.0503,-52.3828,-21.1099,-41.5882,-29.5641,18.1125,-31.6921,25.7641,2.4512,-23.2326,-36.391,24.0539,67.1898,80.804,79.2135,37.2209,91.3142,82.4434,70.7484,81.4346,51.2834,12.8381,51.5379,6.7916,7.0157,0.0,-16.9135,-17.5243,-40.6142,-6.4774,0.0,-51.7319],"force":[78.5715,0.0,-34.5453,-24.4212,-13.9623,41.4277,-39.7332,-15.9565,-38.1722,-25.8999,30.0095,-24.2045,35.0887,6.8532,-22.9869,-30.5011,28.7287,67.6017,61.7558,55.7483,18.8746,97.6535,91.9027,43.1494,79.8087,35.8583,15.4681,49.9615,20.9782,51.2964,0.0,-75.1182,-62.2203,-78.6795,-17.2668,0.0,-76.9001],"direction":[null,null,null,null,-83.9849,24.3865,-49.79,-50.7673,-62.8033,-60.4539,17.9778,-33.3557,38.3968,26.3943,-5.8526,-34.9134,14.1898,54.4695,65.9783,70.5323,71.5347,78.0725,82.154,81.0636,82.4514,83.4003,77.8733,81.904,78.3869,51.5062,0.0,-6.0601,-30.3109,-52.3773,-45.37,0.0,-50.8351],"intensity":[null,null,null,null,25.0,80.0,83.3333,57.1429,25.0,33.3333,90.0,18.1818,91.6667,15.3846,21.4286,73.3333,100.0,100.0,94.4444,84.2105,80.0,100.0,100.0,17.3913,91.6667,92.0,57.6923,100.0,25.0,93.1034,73.3333,74.1935,75.0,96.9697,82.3529,45.7143,75.0],"confirmation":[47.8095,0.0,33.7212,30.4814,61.0049,78.5455,83.1366,77.3689,83.2068,80.3646,29.7173,77.5202,78.5866,26.4745,50.8877,78.8593,29.8104,88.1878,90.2441,89.9194,81.6139,96.4843,95.36,88.7959,93.9941,86.1911,33.9925,87.563,11.3234,11.714,32.5597,55.7965,79.7393,86.3116,7.3722,30.2906,87.1432],"persistence":[null,null,0.0,25.0,40.0,16.6667,28.5714,37.5,62.5,75.0,50.0,50.0,25.0,25.0,25.0,25.0,0.0,25.0,25.0,50.0,50.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,62.5,37.5,12.5,12.5,25.0,50.0],"assessmentRisk":[null,null,null,null,21.113,22.5904,9.5134,11.2501,19.9941,29.7826,16.1522,2.1625,31.6045,39.6628,14.3658,1.0345,45.7062,17.1941,14.5492,14.8453,27.6775,5.8667,7.6461,16.2688,9.3078,20.6642,33.3557,19.0892,37.2075,0.7374,8.5857,35.8674,33.2529,22.6689,41.5741,42.4444,17.1254],"volumeParticipation":true,"latest":{"consensus":-57.7,"control":-51.7,"force":-76.9,"direction":-50.8,"confirmation":87.1,"persistence":50.0,"assessmentRisk":17.1,"intensity":75.0,"evidenceDepth":100},"analysis":{"status":"Market Dynamics 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":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-57.7","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-51.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-76.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-50.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"87/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"45.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.8%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"28.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"50%","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":[10023.4443,9754.292,9858.9619,9729.3691,9729.3691,9923.7578,9724.3857,9639.71,9529.9404,9554.8877,9689.6045,9589.8145,9819.3311,9779.415,9704.5732,9539.9199,9674.6357,10188.5547,10582.7246,10827.21,10895.0,11595.0,12340.0,12410.0,12735.0,13115.0,12890.0,13755.0,13640.7266,13151.418,12791.9258,12527.2998,12232.7158,11700.0,11860.0,12080.0,11590.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,9879.4067,9887.4705,9857.8187,9818.1626,9765.7586,9727.4184,9720.5431,9696.7743,9719.0573,9730.0315,9725.4027,9691.6786,9688.5799,9779.4844,9925.5281,10089.4702,10235.9302,10483.0338,10820.664,11109.6342,11405.1552,11716.0361,11929.4841,12261.3961,12512.1834,12628.4079,12658.1384,12634.3496,12561.3253,12404.7207,12305.6805,12264.6477,12141.9845],"stroke":"#176fa3","width":1.7},{"label":"Slow 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rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of 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