{"schema_version":"1.0","name":"AFRU Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"97370c8c-08a2-4307-b4c8-edba46a2b5d9","symbol":"AFRU","name":"T-REX 2X LONG AFRM DAILY TARGET ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics paused slightly this week and remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has 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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range pressure and compression, Range position and boundary pressure, 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":49,"displayedObservations":49,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics paused slightly this week and remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has weakened.","evidenceAlignment":{"status":"Confirmation weakening","headline":"Upward price structure remains intact, but support is fading","summary":"Market Dynamics paused slightly this week and remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has weakened.","take":"Treat the advance as conditional. Renewed Market Dynamics would restore confirmation; continued contraction would increase rollover risk.","tone":"caution","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":[-0.210753,-0.297785,-0.248325,-0.057764,0.213845,0.50608,0.720057,0.837897,0.918304,0.856901,0.769535,0.785528,0.741491,0.862606,0.9764,0.911363,0.692331,0.415734,0.221527,0.114718,0.109792],"opens":[4.3,4.95,5.28,9.12,8.48,9.9,8.78,8.71,9.27,11.48,8.15,10.5,11.0,12.95,14.22,13.31,11.12,10.09,10.555,10.94,11.55],"highs":[4.98,6.23,9.5,10.32,9.9599,10.85,10.0,10.24,11.6,11.8,9.66,12.0,12.7899,14.68,14.7,14.06,11.4,10.585,12.19,12.1,11.56],"lows":[4.16,4.95,5.28,8.1601,8.1501,8.66,7.58,8.41,9.12,8.0,7.73,9.645,9.65,12.41,12.5,11.0,9.455,9.4215,10.47,10.1,9.505],"closes":[4.82,5.31,9.22,8.76,9.8625,8.66,9.12,8.9534,11.35,8.3603,8.89,11.0135,12.6,14.21,13.61,11.2902,9.5581,9.73,10.7061,11.562,10.9894],"hoverRows":[[{"label":"Open","value":"4.30","className":"is-ohlc","compact":true},{"label":"High","value":"4.98","className":"is-ohlc","compact":true},{"label":"Low","value":"4.16","className":"is-ohlc","compact":true},{"label":"Close","value":"4.82","className":"is-ohlc","compact":true},{"label":"Market 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above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","annotations":[{"label":"Current tape relationship","value":"Positive support is weakening","detail":"Market Dynamics paused slightly this week and remains positive.","tone":"caution"},{"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":[],"reversal_dangers":[]}},"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":[26.4814,17.7254,17.43,15.48,13.9104,17.14,15.2491,15.59,14.04,11.45,14.0234,12.91,12.4774,15.65,15.35,14.5298,17.6,14.62,13.07,9.2799,8.32,6.04,6.32,5.25,6.34,5.12,4.39,4.12,4.82,5.31,9.22,8.76,9.8625,8.66,9.12,8.9534,11.35,8.3603,8.89,11.0135,12.6,14.21,13.61,11.2902,9.5581,9.73,10.7061,11.562,10.9894],"consensus":[100.0,-94.2492,20.1051,-58.0,-75.2385,0.0,-49.9252,-12.0452,-48.6841,-65.3573,0.0,-46.0542,-37.1179,35.9942,0.0,-16.3432,47.8452,-38.0764,-35.0597,-66.2074,-53.8112,-69.4401,-33.0436,-57.2526,0.0,-54.2873,-52.8398,-43.9056,-11.6486,-14.6454,59.1367,11.4395,46.8847,0.0,17.247,0.0,59.8508,-30.6315,10.8817,42.1936,49.801,61.2466,27.4489,-15.0488,-36.8212,-19.3683,0.0,22.1236,6.1062],"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,0.0,-53.0962,-7.3075,-57.4228,-62.9862,0.0,-45.0575,-36.6729,29.7385,0.0,-28.5881,42.8915,-35.289,-38.8178,-72.2537,-52.8084,-69.0688,-30.4262,-56.591,0.0,-59.3126,-57.4509,-52.8981,-5.5843,-22.5264,50.9767,0.0465,47.8092,0.0,17.9306,0.0,59.8237,-38.2514,12.286,38.8289,54.2178,59.0376,17.8176,-27.1668,-42.5387,-17.01,0.0,26.2202,0.0348],"force":[100.0,-94.2492,20.1051,-58.0,-41.6538,0.0,-29.9482,-18.6872,-43.3955,-57.6992,0.0,-31.5258,-18.0616,69.5178,0.0,-15.0477,65.5504,-77.4643,-35.5297,-76.6133,-53.1011,-83.6121,-1.4171,-56.7451,0.0,-60.4832,-48.7081,-27.3495,-21.8342,-9.4705,95.0611,7.8685,41.8149,0.0,12.7901,0.0,74.8876,-62.7443,12.7996,44.2609,45.2628,61.1197,1.1355,-40.979,-45.1346,-15.296,0.0,20.7187,0.9807],"direction":[null,null,null,null,-99.2276,0.0,-60.5706,-39.4115,-42.4746,-73.5372,0.0,-57.5708,-51.238,19.1982,0.0,-3.2745,40.86,-13.1277,-30.429,-51.8645,-55.4647,-59.7416,-58.6252,-58.3711,0.0,-44.1183,-50.5211,-45.4543,-42.4955,-22.8643,42.8021,38.3578,49.4494,0.0,19.6493,0.0,49.1411,-1.0147,7.9068,44.5623,47.9948,63.8617,58.8737,-17.3221,-24.3489,-24.9724,0.0,18.4452,18.107],"intensity":[null,null,null,null,50.0,60.0,16.6667,42.8571,50.0,77.7778,60.0,9.0909,8.3333,69.2308,64.2857,13.3333,68.75,64.7059,88.8889,78.9474,45.0,42.8571,54.5455,8.6957,16.6667,24.0,7.6923,3.7037,10.7143,34.4828,86.6667,64.5161,25.0,30.303,17.6471,14.2857,58.3333,75.6757,47.3684,56.4103,37.5,65.8537,7.1429,55.814,65.9091,13.3333,39.1304,17.0213,6.25],"confirmation":[54.6667,52.8264,29.1003,41.2267,67.8743,8.4776,83.3189,6.9767,83.2846,88.7171,32.9942,82.3098,79.3037,80.6351,25.1586,50.3371,83.9255,81.4273,79.1762,89.4114,85.2132,90.6584,54.9833,86.3154,10.1134,85.4842,84.7125,81.4082,7.4575,28.5185,88.1429,27.6024,82.8345,32.529,73.3728,25.4487,87.6109,56.2144,48.8525,81.6162,83.7307,87.6287,53.6349,31.7832,79.949,74.1097,24.467,74.9743,32.7064],"persistence":[null,null,33.3333,0.0,20.0,16.6667,28.5714,37.5,62.5,62.5,75.0,75.0,75.0,62.5,50.0,50.0,25.0,25.0,37.5,37.5,37.5,62.5,75.0,75.0,87.5,87.5,87.5,87.5,87.5,87.5,62.5,37.5,25.0,12.5,12.5,25.0,50.0,50.0,50.0,50.0,50.0,62.5,62.5,50.0,25.0,25.0,12.5,12.5,0.0],"assessmentRisk":[null,null,null,null,12.3319,4.2853,2.3415,7.647,26.3876,15.1114,18.4969,12.8066,6.351,26.3778,32.8911,42.6035,25.4361,3.1913,23.3551,16.1346,23.0768,15.2416,33.3097,19.84,35.6785,5.5956,14.4624,7.3883,29.4536,14.0796,19.9946,43.7857,26.4535,52.0324,12.3854,4.2601,9.4795,6.3573,12.545,21.3197,7.0202,19.2845,35.8759,16.1082,29.0489,39.8914,45.3443,2.8086,32.0594],"volumeParticipation":true,"latest":{"consensus":6.1,"control":0.0,"force":1.0,"direction":18.1,"confirmation":32.7,"persistence":0.0,"assessmentRisk":32.1,"intensity":6.2,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+6.1","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+0.0","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+1.0","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+18.1","detail":"Upward 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upward.","series":[{"label":"Close","values":[26.4814,17.7254,17.43,15.48,13.9104,17.14,15.2491,15.59,14.04,11.45,14.0234,12.91,12.4774,15.65,15.35,14.5298,17.6,14.62,13.07,9.2799,8.32,6.04,6.32,5.25,6.34,5.12,4.39,4.12,4.82,5.31,9.22,8.76,9.8625,8.66,9.12,8.9534,11.35,8.3603,8.89,11.0135,12.6,14.21,13.61,11.2902,9.5581,9.73,10.7061,11.562,10.9894],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,20.5856,19.9591,19.1027,18.4641,17.6597,16.5306,16.0748,15.4994,14.9499,15.0772,15.1268,15.0183,15.4877,15.3299,14.919,13.8937,12.8803,11.6366,10.67,9.6845,9.0764,8.3571,7.6358,6.9966,6.6008,6.3661,6.885,7.2259,7.7053,7.8789,8.1045,8.2589,8.8209,8.7372,8.7649,9.1738,9.7967,10.5991,11.1466,11.1727,10.8791,10.6702,10.6767,10.8377,10.8653],"stroke":"#176fa3","width":1.7},{"label":"Slow 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risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-33.0647,-34.1802,-41.5439,-47.4711,-35.2753,-42.4158,-41.1285,-46.9817,-56.7621,-47.0443,-51.2488,-52.8824,-40.9019,-42.0348,-45.1321,-33.5383,-44.7914,-50.6446,-64.9569,-68.5817,-77.1915,-76.1342,-80.1748,-76.0587,-80.6657,-83.4223,-84.4419,-81.7985,-79.9482,-65.1831,-66.9202,-62.7569,-67.2978,-65.5607,-66.1899,-57.1397,-68.4295,-66.4293,-58.4104,-52.4194,-46.3397,-48.6054,-57.3655,-63.9064,-63.2572,-59.5712,-56.3392,-58.5014],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,12.0744,0.9317,0.0,22.4751,12.7511,8.9729,36.6812,34.0611,26.8978,53.7118,27.6856,14.1485,0.0,0.0,0.0,4.6358,0.0,20.7619,0.0,0.0,0.0,16.9903,28.8835,123.7864,112.6214,139.3811,110.1942,121.3592,117.3155,175.4854,102.9199,115.7767,167.318,205.8252,244.9029,230.3398,174.034,131.9927,136.165,159.8568,180.6311,166.733],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,131.1744,96.4654,78.7242,19.7039,56.4233,74.7469,78.6097,63.6544,45.439,72.5,186.4193,65.5023,76.3302,376.5748,467.6713,112.9776,234.6446,450.6537,225.791,148.5019,106.8339,63.8686,67.2604,115.9385,75.073,23.5632,84.588,44.8024,45.6614,96.297,58.2737,27.601,54.4633,38.1454,100.5593,25.5803,22.799,21.1318,12.5417,19.9038,24.5398,36.9922],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,80.1653,73.2465,67.7305,69.0085,65.4883,65.0,69.2322,65.8919,65.0,68.4693,65.0,65.0,65.0,65.0,65.0,67.8073,65.0,78.3591,71.1167,66.0429,65.0,67.0776,69.2952,73.334,70.6499,71.4893,68.3936,70.0502,68.3369,72.0835,69.8274,70.8982,73.0411,74.448,77.8246,76.9855,76.2882,75.7676,76.0361,76.4191,76.8542,76.225],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,20.4216,20.2572,20.5403,17.3694,22.3184,24.2367,34.7529,38.3385,53.615,48.642,56.1304,45.4247,54.1351,60.8889,62.0567,50.5299,44.4875,27.0605,28.2083,24.5761,27.7958,26.4039,26.434,21.0285,29.7559,27.5349,22.6553,20.1682,17.7469,18.3603,22.4878,26.1192,24.6792,22.4683,20.5545,21.4179],"stroke":"#c13f3f","width":1.9},{"label":"Envelope 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}