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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":12.5,"averageExpectedMove":12.5,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-8.2,"medianReturn":-8.2,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-12.5,"medianReturn":-12.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-11.3,"medianReturn":-11.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.2,"sample":2},{"week":2,"averageReturn":-7.2,"sample":2},{"week":3,"averageReturn":-7.7,"sample":2},{"week":4,"averageReturn":-8.2,"sample":2},{"week":5,"averageReturn":-8.8,"sample":2},{"week":6,"averageReturn":-7.2,"sample":1},{"week":7,"averageReturn":-6.0,"sample":1},{"week":8,"averageReturn":-1.9,"sample":1},{"week":9,"averageReturn":-6.0,"sample":1},{"week":10,"averageReturn":-3.3,"sample":1},{"week":11,"averageReturn":-10.2,"sample":1},{"week":12,"averageReturn":-12.5,"sample":1},{"week":13,"averageReturn":-12.4,"sample":1},{"week":14,"averageReturn":-10.4,"sample":1},{"week":15,"averageReturn":-11.6,"sample":1},{"week":16,"averageReturn":-11.1,"sample":1},{"week":17,"averageReturn":-6.2,"sample":1},{"week":18,"averageReturn":-6.6,"sample":1},{"week":19,"averageReturn":-8.6,"sample":1},{"week":20,"averageReturn":-7.3,"sample":1},{"week":21,"averageReturn":-9.0,"sample":1},{"week":22,"averageReturn":-5.3,"sample":1},{"week":23,"averageReturn":-4.8,"sample":1},{"week":24,"averageReturn":-2.8,"sample":1},{"week":25,"averageReturn":-8.5,"sample":1},{"week":26,"averageReturn":-11.3,"sample":1}]},"currentApplication":{"status":"Underlying support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":40.0,"averageReturn":9.1,"sample":5},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 40.0% of comparable cases moved lower after 12 weeks, with an average move of 9.1% across 5 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 2 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 11.4% across 5 completed cases, with the largest move arriving after 6.4 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-03-27","price":893.141846}],"distribution_rollovers":[{"date":"2025-07-18","price":1056.837158},{"date":"2026-07-17","price":1086.199951}],"price_pressure_gaps":[{"date":"2025-05-16","price":1124.287354},{"date":"2026-07-10","price":1117.199951}]}},"smTape":{"available":true,"dates":["2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","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":[1093.8844,1109.9525,1107.0083,1049.5723,1045.3307,1105.2122,1092.4873,943.1827,1073.824,1125.7214,967.0356,1059.303,1220.5336,1261.2529,1292.2916,1293.8387,1307.7611,1322.0826,1124.873,1138.6459,997.3754,1030.011,1034.4022,960.3798,969.4164,872.0104,939.0613,886.8386,914.3479,936.565,877.9517,891.6315,965.8217,987.889,982.0477,944.2537,1124.2874,1060.6814,1060.0323,1052.144,1010.4058,1026.8815,1042.9576,1056.7373,1103.3683,1056.8372,1087.4918,1009.0526,983.684,985.0822,1007.3547,993.368,999.5135,1054.423,1050.5259,1027.5928,1042.6317,1022.8463,1064.9152,1069.9115,1092.395,1029.0417,997.1652,988.4716,974.9816,899.5372,918.5731,884.8979,876.3542,845.2772,716.9217,739.1553,682.597,719.3699,794.9642,758.641,768.1839,730.4617,723.1172,781.2742,864.1132,893.1418,916.6745,974.4819,1033.8381,1006.808,1017.4003,1011.6,981.6,983.4,1061.0,1080.1,1034.6,1079.6,1050.6,1046.8,1117.2,1086.2,1019.3,1017.0,1047.2,1017.3],"consensus":[51.9907,-68.1599,14.2853,-18.9766,-10.2409,13.4019,0.0,-35.2416,20.6496,10.7238,-38.3368,16.2087,44.6365,28.2504,30.2898,21.1856,20.1832,15.1843,-38.775,0.0,-47.1268,0.0,-18.2513,-32.9818,-14.8455,-43.0715,0.0,-35.4906,-12.0432,0.0,-28.3053,0.0,21.7477,0.0,0.0,-11.5651,58.9076,0.0,14.7588,0.0,-24.807,12.0685,14.0015,11.4433,39.194,-10.5039,23.3564,-36.4264,-31.4213,-22.2273,-9.3742,-16.6505,0.0,33.6692,0.0,0.0,19.2302,-12.8156,30.6943,20.6327,31.9322,-24.6707,-36.2694,-31.7367,-31.3805,-61.5271,-10.8986,-51.7399,-45.867,-53.0163,-81.0399,-25.0422,-74.7538,-13.9355,29.0643,-37.446,0.0,-35.9739,-20.8254,27.972,57.0788,44.9122,45.11,65.6258,68.9718,26.0736,37.6576,17.0931,0.0,8.086,60.5223,31.0789,0.0,49.5836,8.731,8.4228,50.8918,0.0,-34.1338,-9.1922,11.5439,-32.7251],"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":[-5.4568,-20.1398,0.0,31.6314,0.0,0.0,21.0298,-12.8301,34.696,20.8055,26.3531,-28.5254,-34.5401,-32.8128,-28.3304,-64.9197,-1.7259,-53.1121,-49.8416,-58.4508,-82.3016,-21.3371,-73.1539,-3.479,24.1186,-42.9221,0.0,-33.7208,-12.694,25.8274,50.463,40.3351,41.2521,68.4413,68.5295,19.1577,31.7007,6.1534,0.0,7.9586,59.0609,23.73,0.0,53.6299,10.1221,14.4519,54.4628,0.0,-34.3735,-5.9699,22.7343,-33.1076],"force":[-1.5291,-15.9159,0.0,50.0817,0.0,0.0,21.1027,-18.3053,42.3609,14.6155,39.9318,-48.2638,-47.4176,-26.2441,-23.6443,-64.6062,-24.7027,-46.9015,-28.4923,-44.7634,-96.2982,-26.7167,-84.999,-38.7819,88.1754,-46.7831,0.0,-52.7974,-2.0544,68.8212,87.7177,42.9778,36.4003,64.6219,71.9614,12.3437,15.499,10.2091,0.0,8.0661,77.5769,8.7233,0.0,37.3253,13.7297,7.1173,41.1949,0.0,-62.7243,-6.2577,22.2671,-43.5158],"direction":[-19.4549,-13.1876,0.0,24.275,0.0,0.0,15.8361,-8.8779,17.7877,24.7331,32.5943,-3.4131,-30.2826,-34.4302,-40.392,-55.4505,-46.8113,-53.6277,-53.7351,-52.7003,-68.6992,-66.2473,-69.2642,-63.5412,7.5057,-24.5183,0.0,-26.5321,-43.5262,1.245,42.7547,51.525,55.7403,63.1252,67.342,61.4184,60.293,49.097,0.0,19.7689,50.0104,55.446,0.0,53.7152,23.1844,12.6326,53.7371,0.0,-13.4379,-14.971,8.9046,-24.5804],"intensity":[16.0,9.8039,23.0769,38.4615,38.4615,23.0769,5.7692,7.6923,26.9231,1.9231,28.8462,69.2308,23.0769,50.0,13.4615,76.9231,59.6154,36.5385,19.2308,30.7692,88.4615,82.6923,59.6154,32.6923,84.6154,59.6154,65.3846,84.6154,48.0769,75.0,90.3846,80.7692,15.3846,63.4615,73.0769,15.3846,28.8462,9.6154,75.0,11.5385,88.4615,98.0769,51.9231,46.1538,36.5385,13.4615,78.8462,26.9231,75.0,53.8462,44.2308,19.2308],"confirmation":[25.487,73.2526,24.7734,79.3054,25.6751,26.1027,74.1833,72.2681,78.1168,74.4164,78.5471,53.8883,79.9723,77.972,77.8525,87.7308,7.8122,84.3884,82.0874,84.6309,94.3786,34.8588,92.2578,11.2856,58.112,80.1838,26.3832,80.0587,51.5493,55.562,87.2998,82.3827,82.2285,88.9268,90.1688,32.5781,79.4659,6.9824,4.7424,3.818,87.9092,77.3759,30.7122,83.4315,27.6839,48.9815,83.9354,7.1537,79.7905,25.5678,28.4166,78.7951],"persistence":[25.0,50.0,62.5,37.5,50.0,37.5,12.5,12.5,12.5,37.5,50.0,25.0,12.5,0.0,25.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,62.5,62.5,62.5,37.5,12.5,12.5,12.5,37.5,50.0,75.0,100.0,100.0,87.5,87.5,87.5,87.5,75.0,75.0,75.0,75.0,87.5,75.0,50.0,25.0,37.5,12.5],"assessmentRisk":[44.4444,13.2803,25.2925,31.1918,40.1758,39.3689,32.1826,30.6225,5.013,32.9549,32.5503,22.7985,30.6752,33.6863,34.2689,19.164,43.811,23.9567,26.837,20.2758,9.4697,37.3834,12.6138,42.7365,31.2417,37.2368,45.242,28.7109,34.7452,6.7416,18.234,27.2149,27.3404,17.1757,15.4708,36.6099,30.5007,29.1009,44.4843,31.7942,11.0022,32.2792,41.5786,24.7253,17.7718,39.4944,23.0893,8.4568,14.6288,26.0497,52.2014,29.8858],"volumeParticipation":true,"latest":{"consensus":-32.7,"control":-33.1,"force":-43.5,"direction":-24.6,"confirmation":78.8,"persistence":12.5,"assessmentRisk":29.9,"intensity":19.2,"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":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-32.7","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-33.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-43.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-24.6","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"79/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"52.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"6.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"15.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"75%","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 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