{"schema_version":"1.0","name":"SPOG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"9010a968-4c3c-416d-89cf-c0ce2d7c737d","symbol":"SPOG","name":"Leverage Shares 2X Long SPOT Daily ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened 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, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Range pressure and compression, 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":40,"displayedObservations":40,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Positive support; price rotational","headline":"Market Dynamics is positive while price has no clear direction","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","take":"The underlying condition is constructive, but a positive price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.052188,0.05719,0.01069,0.007168,0.052566,0.130414,0.230606,0.287161,0.32954,0.448981,0.538129,0.639132],"opens":[7.79,7.58,7.01,6.42,6.3,6.85,6.905,6.93,6.88,7.52,6.89,7.48],"highs":[7.88,7.9299,7.1522,6.46,7.05,7.2,7.07,7.14,8.07,7.54,7.79,8.4263],"lows":[6.98,6.53,6.06,5.75,6.15,6.39,6.35,6.28,6.835,6.205,6.73,6.9],"closes":[7.3939,6.8979,6.5471,6.2878,6.9344,6.7866,6.7224,6.8004,7.2731,6.9135,7.5578,8.0954],"hoverRows":[[{"label":"Open","value":"7.79","className":"is-ohlc","compact":true},{"label":"High","value":"7.88","className":"is-ohlc","compact":true},{"label":"Low","value":"6.98","className":"is-ohlc","compact":true},{"label":"Close","value":"7.39","className":"is-ohlc","compact":true},{"label":"Market 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and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.85","className":"is-ohlc","compact":true},{"label":"High","value":"7.20","className":"is-ohlc","compact":true},{"label":"Low","value":"6.39","className":"is-ohlc","compact":true},{"label":"Close","value":"6.79","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.13","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.91","className":"is-ohlc","compact":true},{"label":"High","value":"7.07","className":"is-ohlc","compact":true},{"label":"Low","value":"6.35","className":"is-ohlc","compact":true},{"label":"Close","value":"6.72","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.23","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.93","className":"is-ohlc","compact":true},{"label":"High","value":"7.14","className":"is-ohlc","compact":true},{"label":"Low","value":"6.28","className":"is-ohlc","compact":true},{"label":"Close","value":"6.80","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.29","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.88","className":"is-ohlc","compact":true},{"label":"High","value":"8.07","className":"is-ohlc","compact":true},{"label":"Low","value":"6.83","className":"is-ohlc","compact":true},{"label":"Close","value":"7.27","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.33","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.52","className":"is-ohlc","compact":true},{"label":"High","value":"7.54","className":"is-ohlc","compact":true},{"label":"Low","value":"6.21","className":"is-ohlc","compact":true},{"label":"Close","value":"6.91","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.45","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.89","className":"is-ohlc","compact":true},{"label":"High","value":"7.79","className":"is-ohlc","compact":true},{"label":"Low","value":"6.73","className":"is-ohlc","compact":true},{"label":"Close","value":"7.56","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.48","className":"is-ohlc","compact":true},{"label":"High","value":"8.43","className":"is-ohlc","compact":true},{"label":"Low","value":"6.90","className":"is-ohlc","compact":true},{"label":"Close","value":"8.10","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.64","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[6.179344,8.203856],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.639132,"state":"Positive and strengthening","context":{"scenario":"positiveSustained","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"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":"Extended but supported","detail":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","annotations":[{"label":"Current tape relationship","value":"Extended but supported","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","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":"Supported","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":12,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-11-21","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":[12.5986,13.2335,11.67,13.0606,12.3284,12.375,11.8946,10.4791,9.1298,9.3522,8.877,6.2242,7.07,8.106,8.8133,10.61,8.766,7.4439,7.2699,7.7049,7.3134,9.2198,8.5294,6.09,5.41,5.87,8.18,7.4319,7.3939,6.8979,6.5471,6.2878,6.9344,6.7866,6.7224,6.8004,7.2731,6.9135,7.5578,8.0954],"consensus":[-100.0,82.9897,-58.0952,27.1473,-11.3993,0.0,-16.0565,-55.6037,-65.483,-21.3601,-48.7696,-76.9294,-19.3994,0.0,13.6045,55.0306,-31.8026,-47.9539,-31.7984,0.0,-30.7327,46.4889,0.0,-58.5147,-52.0091,-15.0165,37.5271,-16.9538,0.0,-14.3522,-24.0099,-16.5045,10.2737,0.0,0.0,0.0,13.3823,-10.3451,32.8754,36.7656],"supportDates":["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,0.0,-25.0273,-45.6287,-58.1881,-8.2664,-44.3504,-70.5162,-16.3204,0.0,15.538,42.9813,-39.5204,-47.4846,-35.1778,0.0,-32.7029,40.2575,0.0,-55.6156,-52.8834,-8.9634,39.7834,-29.7919,0.0,-25.6397,-22.5808,-11.4193,19.3961,0.0,0.0,0.0,11.0786,-11.9857,30.746,33.4437],"force":[-100.0,82.9897,-58.0952,27.1473,-12.769,0.0,-11.9961,-77.271,-79.8311,-10.597,-38.2406,-90.785,-33.9259,0.0,51.1769,88.6813,-68.0728,-74.9207,-20.167,0.0,-24.0801,86.0231,0.0,-86.2298,-56.5186,-19.7188,78.623,-33.6619,0.0,-17.459,-19.5603,-7.7182,22.8098,0.0,0.0,0.0,17.8054,-24.8491,46.9725,40.3479],"direction":[null,null,null,null,-10.4209,0.0,-8.7043,-51.5272,-63.5714,-59.1508,-61.3408,-74.3618,-61.0076,0.0,15.4427,44.765,-2.9251,-29.2283,-36.2442,0.0,-33.2327,25.3719,0.0,-42.0315,-47.7887,-46.7452,5.5942,-9.6528,0.0,-0.7669,-28.8213,-28.5919,9.1063,0.0,0.0,0.0,12.8557,-1.8899,25.2396,38.0033],"intensity":[null,null,null,null,25.0,20.0,16.6667,71.4286,100.0,44.4444,10.0,100.0,41.6667,53.8462,28.5714,80.0,75.0,52.9412,72.2222,5.2632,5.0,85.7143,36.3636,91.3043,87.5,12.0,84.6154,70.3704,21.4286,20.6897,36.6667,22.5806,21.875,3.0303,2.9412,2.8571,52.7778,27.027,28.9474,28.2051],"confirmation":[54.6667,49.2234,41.2571,31.3538,49.0437,2.9146,72.8776,86.6055,89.503,30.9882,83.3527,93.1374,34.5338,11.3474,31.4302,86.8189,57.122,84.1743,77.7695,6.0501,77.6017,84.1763,27.733,87.6135,84.767,30.7123,58.5601,30.4647,25.3439,50.0123,75.5693,50.4245,28.14,25.0389,24.1309,1.3154,72.4522,49.464,78.9822,79.9248],"persistence":[null,null,33.3333,0.0,20.0,16.6667,28.5714,37.5,37.5,62.5,62.5,87.5,87.5,87.5,62.5,37.5,37.5,37.5,37.5,25.0,25.0,12.5,25.0,50.0,50.0,50.0,25.0,37.5,25.0,50.0,62.5,62.5,37.5,25.0,37.5,25.0,12.5,12.5,12.5,37.5],"assessmentRisk":[null,null,null,null,5.827,34.3997,19.5796,21.6471,17.1006,39.1391,25.4845,11.4956,37.8936,40.9409,9.5788,22.4104,60.0398,0.3362,26.4093,46.1046,26.1484,20.6401,41.0956,10.9374,19.0659,41.984,31.0261,45.7611,44.3821,41.8941,32.4223,29.6308,23.9187,0.9619,11.0864,22.2233,14.1464,13.6316,23.8069,31.3444],"volumeParticipation":true,"latest":{"consensus":36.8,"control":33.4,"force":40.3,"direction":38.0,"confirmation":79.9,"persistence":37.5,"assessmentRisk":31.3,"intensity":28.2,"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":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+36.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+33.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+40.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+38.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"80/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"54.8","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"17.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"24.1","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"52%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}