{"schema_version":"1.0","name":"SPYLN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"83b1ca3b-63d4-4d76-ae02-a2a2b6dca33f","symbol":"SPYLN","name":"SPDR S&P 500 UCITS ETF USD Acc","exchange":"MEX","country":"MX","asset_type":"etf","currency":"MXN","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Activity pressure and cumulative balance, Directional strength and control, Range pressure and compression, 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":49,"displayedObservations":49,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":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"],"values":[0.20211,0.464077,0.532782,0.715461,0.83995,0.852404,1.024004,1.089601,1.143403,1.140449,1.013731,1.009256,0.856935,0.871331,0.933583,0.790383,0.729243,0.471944,0.38766,0.439543,0.387599],"opens":[300.0,303.0,311.0,305.0,308.0,314.0,318.0,318.470001,322.839996,326.700012,315.73999,322.320007,324.519989,324.480011,327.899994,325.320007,324.200012,320.859985,325.5,330.160004,337.0],"highs":[306.0,317.0,311.0,320.0,311.720001,330.0,319.850006,321.23999,326.420013,326.700012,317.950012,324.0,324.519989,340.0,328.329987,325.720001,325.220001,322.640015,340.0,341.0,340.0],"lows":[286.410004,287.630005,292.399994,303.0,306.0,311.450012,312.98999,315.100006,321.559998,319.769989,314.720001,322.0,317.559998,323.5,327.0,322.529999,320.519989,317.679993,324.0,325.570007,322.359985],"closes":[303.929993,316.5,305.0,308.0,311.709991,314.660004,318.470001,320.350006,325.660004,320.299988,316.850006,322.5,319.279999,336.98999,328.220001,324.200012,320.850006,322.640015,330.160004,340.0,323.040009],"hoverRows":[[{"label":"Open","value":"300.0","className":"is-ohlc","compact":true},{"label":"High","value":"306.0","className":"is-ohlc","compact":true},{"label":"Low","value":"286.4","className":"is-ohlc","compact":true},{"label":"Close","value":"303.9","className":"is-ohlc","compact":true},{"label":"Market 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rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics eased this week but remains positive.","tone":"negative"},{"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":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"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":316.5},{"date":"2026-07-31","price":322.640015}],"reversal_dangers":[{"date":"2026-04-17","price":305.0},{"date":"2026-08-07","price":330.160004},{"date":"2026-08-21","price":323.040009}]}},"smTape":{"available":true,"dates":["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":[299.03,298.0,300.7,299.2,301.4,308.86,312.87,303.0,304.83,301.22,308.31,307.96,306.32,303.66,305.77,302.61,307.76,302.62,296.43,298.12,294.42,289.68,292.0,292.1,297.0,293.75,303.8,301.0,303.93,316.5,305.0,308.0,311.71,314.66,318.47,320.35,325.66,320.3,316.85,322.5,319.28,336.99,328.22,324.2,320.85,322.64,330.16,340.0,323.04],"consensus":[34.1934,-97.2684,64.1668,-58.0,19.7186,60.8179,58.6989,-19.4581,17.2358,-20.8652,34.205,25.0279,0.0,0.0,8.7845,-33.3289,40.1089,-39.8987,-52.9103,-10.5635,-45.3947,-57.9309,-15.7268,-25.6143,16.984,-18.9583,40.7093,9.6064,30.7047,57.6797,0.0,20.0905,36.6318,16.5793,43.0945,38.1078,48.8902,0.0,0.0,21.4275,-10.4065,61.3884,23.6256,0.0,-15.0098,10.2129,37.4881,65.0939,36.7075],"supportDates":["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":[null,null,null,null,null,66.802,63.0478,-35.3555,13.6305,-11.9473,51.5519,23.6058,0.0,0.0,16.9516,-29.9996,42.6931,-38.7423,-44.7535,-8.6003,-41.6123,-64.2567,-9.2358,-19.5869,18.23,-29.3747,40.0065,3.0984,24.4993,51.5212,0.0,12.3996,43.1317,13.2254,39.4884,40.8562,53.1693,0.0,0.0,20.9015,-8.8473,68.4061,24.0847,0.0,-23.2423,26.536,32.0315,61.7777,40.2883],"force":[34.1934,-97.2684,64.1668,-58.0,6.5815,47.9193,36.4236,-42.9977,13.8175,-22.3095,37.3144,6.8572,0.0,0.0,9.8752,-43.7841,65.6109,-77.5704,-73.5344,-20.5634,-43.5444,-47.6798,-9.1851,-19.8061,39.1552,-18.6101,48.2622,1.1975,45.9539,74.4749,0.0,25.641,31.9526,15.3015,46.9019,23.6484,37.8289,0.0,0.0,11.2929,-33.231,56.0921,2.3666,0.0,-30.4258,14.2535,60.7496,87.4984,82.4509],"direction":[null,null,null,null,29.1022,63.1922,69.6397,-15.5242,23.7979,-30.0253,12.1591,39.6323,0.0,0.0,1.3284,-29.6658,18.9399,-14.3119,-47.501,-35.0405,-51.0391,-58.0238,-40.9392,-36.6514,0.2766,-7.3024,36.1175,23.0505,26.9043,52.7214,0.0,24.9154,32.5455,21.325,44.4963,45.2948,51.9008,0.0,0.0,29.2676,-4.1148,57.1514,41.6667,0.0,-5.4102,11.3283,27.1089,52.8806,0.0586],"intensity":[null,null,null,null,25.0,60.0,50.0,71.4286,37.5,44.4444,60.0,36.3636,8.3333,61.5385,50.0,26.6667,50.0,47.0588,83.3333,84.2105,25.0,42.8571,77.2727,69.5652,91.6667,20.0,92.3077,62.963,10.7143,86.2069,83.3333,80.6452,71.875,100.0,76.4706,5.7143,44.4444,40.5405,73.6842,56.4103,30.0,95.122,83.3333,30.2326,18.1818,8.8889,93.4783,72.3404,91.6667],"confirmation":[33.6086,53.7926,43.2,41.2267,28.3761,86.9774,86.0385,32.6803,73.4662,74.8568,78.776,52.8102,5.505,48.398,48.3366,79.0346,81.5727,81.9333,85.6841,29.5151,82.5276,86.1291,28.9984,76.1114,51.4839,51.2306,81.2679,25.5836,78.3848,87.0632,27.7918,74.7153,79.4805,73.3175,81.9612,79.7119,83.2426,32.3115,26.0292,74.556,50.2606,87.376,52.5993,3.1956,51.635,28.2259,80.7883,89.5634,58.4318],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,25.0,25.0,25.0,25.0,50.0,37.5,25.0,25.0,25.0,25.0,25.0,0.0,25.0,37.5,50.0,75.0,75.0,75.0,75.0,50.0,25.0,0.0,25.0,37.5,62.5,62.5,87.5,87.5,87.5,87.5,75.0,75.0,75.0,50.0,50.0,50.0,37.5,12.5,25.0,37.5,37.5,37.5],"assessmentRisk":[null,null,null,null,32.7647,19.4741,20.6177,41.3233,22.0947,35.7908,53.5329,26.6324,16.9494,27.9327,30.0905,24.7186,5.1651,9.5069,21.7421,32.6509,27.2042,20.8979,32.4994,34.7128,21.8504,49.4141,28.9986,42.9791,29.6602,21.1289,12.7518,30.7695,24.2947,23.1289,27.5378,29.6007,24.7645,38.4623,15.5083,7.1522,34.9021,18.3241,34.1203,10.6687,19.274,53.9091,4.7125,16.3065,30.7488],"volumeParticipation":true,"latest":{"consensus":36.7,"control":40.3,"force":82.5,"direction":0.1,"confirmation":58.4,"persistence":37.5,"assessmentRisk":30.7,"intensity":91.7,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+36.7","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+40.3","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+82.5","detail":"Upward 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