{"schema_version":"1.0","name":"0049M0 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"97369dbb-d914-4e9f-8c17-20dd44cbdb1e","symbol":"0049M0","name":"Kim Ace US Dividend Quality Plus Covered Call Active ETF","exchange":"KSC","country":"KR","asset_type":"etf","currency":"KRW","sector":null,"industry":null},"summary":"Market Dynamics improved this week but 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, Strength versus the research benchmark, Acceleration, deceleration and rollover, Directional strength and control, 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":67,"displayedObservations":67,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but 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 improved this week but 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":["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"],"values":[2.409988,3.202445,3.169802,3.203321,2.853466,2.102958,1.448839,0.843962,0.600574,0.464932,0.295203,-0.008109,-0.358629,-0.431235,-0.525073,-0.673239,-0.739401,-0.816201,-0.894043,-0.802325,-0.598216,-0.321364,-0.202711,-0.004,0.276345,0.539646,0.868033,1.073352,0.935559,0.806401,0.612794,0.459344,0.28765,0.01478,-0.25141,-0.568254,-0.680407,-0.733487,-0.727374],"opens":[10800.203381,11033.738799,11120.542969,11163.947506,11144.655437,11115.158976,11120.011777,11192.78785,11440.222386,11314.078313,11070.25448,11363.119295,11470.502256,11314.307147,10827.884402,11294.39248,11309.124395,11284.572173,11076.238311,11313.374298,11412.18048,11599.914063,11662.683018,11560.193808,11540.432249,11856.608383,12143.143011,12265.728879,12101.722039,12270.699372,12220.247315,12343.936389,12204.793686,11956.32497,11901.662001,11424.60167,11375.0,11585.0,11665.0],"highs":[11086.787062,11255.570198,11183.236045,11183.237264,11371.309535,11115.158976,11187.935749,11454.776669,11440.222386,11314.078313,11431.453525,11646.219745,11470.502256,11421.690929,11382.783496,11441.710287,11402.426525,11304.214005,11407.240538,11417.121979,11629.556092,11758.004424,11703.461069,11575.014569,11955.413823,12143.143555,12251.829153,12484.404759,12116.631758,12444.646102,12314.097233,12373.75266,12214.732443,12110.375708,11901.662001,11633.315577,11685.0,11720.0,11665.0],"lows":[10766.647489,11004.80417,11038.560489,11028.917215,10927.646064,10901.686569,11022.978516,11178.232859,11251.006806,11070.254063,11070.25448,11226.449017,11221.567391,10818.06417,10827.884402,11137.253106,11191.269786,11127.432031,10997.192658,11219.507633,11347.956088,11560.391357,11560.193694,11036.526419,11520.671235,11639.237201,11955.413932,12265.728879,12081.842414,12181.241053,12052.305355,12269.39571,12060.681708,11891.723071,11474.295124,11180.0,11345.0,11555.0,11270.0],"closes":[11033.740234,11120.542969,11163.946289,11135.010742,11048.207031,10998.719727,11178.232422,11440.22168,11357.744141,11089.77832,11333.833008,11324.070313,11314.307617,11142.164063,11358.230469,11309.124023,11284.571289,11260.018555,11318.314453,11412.181641,11599.914063,11733.302734,11570.074219,11540.431641,11866.489258,12143.143555,12166.331055,12444.645508,12091.782227,12320.398438,12146.155273,12314.120117,12075.589844,11911.600586,11519.019531,11375.0,11605.0,11670.0,11305.0],"hoverRows":[[{"label":"Open","value":"10,800","className":"is-ohlc","compact":true},{"label":"High","value":"11,087","className":"is-ohlc","compact":true},{"label":"Low","value":"10,767","className":"is-ohlc","compact":true},{"label":"Close","value":"11,034","className":"is-ohlc","compact":true},{"label":"Market 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A green marker is required before the recovery is treated as confirmed.","tone":"caution"},"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 while Market Dynamics is improving. 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A green marker is required before the recovery is treated as confirmed.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":8.8,"sample":3},"nowContext":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 8.8% across 3 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 6.7 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 0.9% across 3 completed cases, with the largest move arriving after 3.0 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."},{"eyebrow":"Position management","title":"Size for the path, not only the eventual long reward","tone":"positive","finding":"Across 1 completed accumulation cycles, the average gross long opportunity was 10.1%, while the average adverse move was 0.3%.","approach":"Scale exposure only as confirmation improves, and keep enough risk capacity to survive the ticker's observed adverse path.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-05-15","price":11866.489258}],"reversal_warnings":[{"date":"2026-05-15","price":11866.489258}],"reversal_dangers":[{"date":"2026-06-12","price":12091.782227}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[9378.4521,9216.2773,9308.9482,9248.71,9369.1855,9336.751,9416.9736,9632.2715,9735.2402,9870.9707,9819.4854,9911.0186,9854.5176,9962.8086,9962.8086,10051.2617,10070.21,10169.6787,10240.7295,10368.6201,10359.0898,10497.2764,10425.8008,10745.0547,10728.2959,10800.2031,10819.376,10819.376,11033.7402,11120.543,11163.9463,11135.0107,11048.207,10998.7197,11178.2324,11440.2217,11357.7441,11089.7783,11333.833,11324.0703,11314.3076,11142.1641,11358.2305,11309.124,11284.5713,11260.0186,11318.3145,11412.1816,11599.9141,11733.3027,11570.0742,11540.4316,11866.4893,12143.1436,12166.3311,12444.6455,12091.7822,12320.3984,12146.1553,12314.1201,12075.5898,11911.6006,11519.0195,11375.0,11605.0,11670.0,11305.0],"consensus":[-72.1529,-91.8367,15.6248,-38.6682,0.0,0.0,12.5969,51.131,43.8481,45.2571,22.4101,38.0218,23.0534,34.4042,14.0695,29.0285,33.573,32.4277,26.9387,45.3221,32.2352,46.9973,11.1008,60.8921,18.2785,39.5049,26.0122,25.6611,51.9673,37.3777,43.4031,30.1714,0.0,0.0,40.821,60.3406,21.3826,-22.1612,44.4149,0.0,0.0,-14.5132,35.9446,0.0,0.0,0.0,15.7426,29.4469,46.6084,49.0043,0.0,13.5114,56.9705,61.1451,40.2312,60.0098,0.0,39.33,0.0,22.3144,-15.3649,-30.8578,-62.4624,-47.115,0.0,0.0,-61.2917],"supportDates":["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","2026-08-21"],"control":[22.5121,37.2643,28.6878,20.0212,48.3873,34.0204,50.9367,4.1032,66.2818,7.4673,40.3735,18.4318,29.4355,57.9851,35.7559,48.1899,30.382,0.0,0.0,52.5258,69.1759,19.0412,-28.719,47.2743,0.0,0.0,-15.7532,41.2804,0.0,0.0,0.0,22.9032,37.44,51.4571,54.5115,0.0,11.7761,57.2027,65.9508,40.0031,67.6991,0.0,43.4885,0.0,31.8951,-23.6882,-29.3228,-62.6729,-39.9133,0.0,0.0,-64.1066],"force":[17.8766,20.1989,27.1361,16.6786,36.9974,10.986,35.2476,10.9656,64.9522,8.0727,26.1325,6.868,8.9429,46.1708,21.4109,24.6662,5.4966,0.0,0.0,41.1436,60.2499,8.8655,-58.9208,55.7411,0.0,0.0,-33.5936,55.217,0.0,0.0,0.0,21.6241,31.1778,49.0462,42.0576,0.0,7.6623,75.202,63.7732,19.232,45.4483,0.0,25.8039,0.0,7.5966,-34.5757,-38.9043,-72.74,-40.8243,0.0,0.0,-70.6853],"direction":[44.4414,38.9074,40.4817,42.1732,47.7654,45.3728,50.8877,34.8596,51.8322,49.4564,48.0639,48.35,33.2889,49.2302,50.6361,51.3159,47.5557,0.0,0.0,27.2138,50.3078,45.6644,-11.5904,33.0568,0.0,0.0,-0.5327,16.0804,0.0,0.0,0.0,3.358,19.0756,39.3258,47.6723,0.0,19.6727,43.6826,53.7758,55.4912,61.6229,0.0,44.2388,0.0,21.8776,-7.8695,-26.8646,-54.8807,-59.8388,0.0,0.0,-51.3649],"intensity":[20.0,31.25,94.1176,83.3333,94.7368,10.0,38.0952,100.0,100.0,66.6667,28.0,46.1538,51.8519,67.8571,68.9655,10.0,3.2258,53.125,75.7576,44.1176,77.1429,13.8889,78.3784,68.4211,51.2821,37.5,95.122,54.7619,79.0698,6.8182,22.2222,28.2609,65.9574,50.0,51.0204,36.0,96.0784,94.2308,76.9231,80.7692,76.9231,88.4615,82.6923,28.8462,50.0,57.6923,28.8462,92.3077,71.1538,55.7692,40.3846,86.5385],"confirmation":[77.0486,78.2795,78.2726,76.4131,82.2027,77.6405,82.621,5.3257,87.5271,6.9329,80.2208,53.1893,75.6445,84.3612,79.499,81.245,54.233,5.178,3.1447,80.8942,87.1716,30.5142,33.2512,82.5144,3.4851,3.2706,50.6538,80.0083,2.1693,1.3385,47.7613,50.4411,77.354,82.9151,83.3858,30.4871,49.5052,86.7826,87.5733,80.2375,86.6422,7.1081,80.11,4.6043,51.8794,52.3876,78.1431,88.298,82.9948,32.9012,4.9664,87.8567],"persistence":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,75.0,75.0,75.0,75.0,50.0,50.0,37.5,37.5,25.0,25.0,12.5,0.0,12.5,12.5,25.0,37.5,62.5,50.0,62.5,75.0,87.5,87.5,87.5,75.0,75.0,75.0,75.0,50.0,25.0,0.0,25.0,25.0,37.5,50.0],"assessmentRisk":[32.0203,32.8117,33.316,36.4846,27.3201,33.8697,26.4957,43.8972,19.5103,40.7995,30.0925,36.9706,20.0878,23.7656,31.1383,28.1893,34.6712,4.8898,40.0738,14.2952,19.1442,38.9908,40.2826,16.9473,34.6334,16.0472,24.1568,10.305,7.0988,9.5865,27.9151,20.4245,14.989,25.5154,25.3645,48.7616,33.6713,19.3175,18.9649,29.8673,19.9948,39.1769,17.4223,6.1359,40.0572,3.9204,32.2742,18.2169,26.4018,47.307,35.1055,5.5751],"volumeParticipation":true,"latest":{"consensus":-61.3,"control":-64.1,"force":-70.7,"direction":-51.4,"confirmation":87.9,"persistence":50.0,"assessmentRisk":5.6,"intensity":86.5,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-61.3","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-64.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-70.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-51.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"88/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"43.2","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"2.9%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"19.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"29%","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":[9378.4521,9216.2773,9308.9482,9248.71,9369.1855,9336.751,9416.9736,9632.2715,9735.2402,9870.9707,9819.4854,9911.0186,9854.5176,9962.8086,9962.8086,10051.2617,10070.21,10169.6787,10240.7295,10368.6201,10359.0898,10497.2764,10425.8008,10745.0547,10728.2959,10800.2031,10819.376,10819.376,11033.7402,11120.543,11163.9463,11135.0107,11048.207,10998.7197,11178.2324,11440.2217,11357.7441,11089.7783,11333.833,11324.0703,11314.3076,11142.1641,11358.2305,11309.124,11284.5713,11260.0186,11318.3145,11412.1816,11599.9141,11733.3027,11570.0742,11540.4316,11866.4893,12143.1436,12166.3311,12444.6455,12091.7822,12320.3984,12146.1553,12314.1201,12075.5898,11911.6006,11519.0195,11375.0,11605.0,11670.0,11305.0],"stroke":"#10243b","width":2.1},{"label":"Fast 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}