{"schema_version":"1.0","name":"REIT Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"97463fbf-535f-4153-9e70-61c8f7842a9d","symbol":"REIT","name":"Global X Equal Weight Canadian REITs Index ETF","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and 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 pressure and compression, Activity pressure and cumulative balance."},{"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":"2026-08-14","observations":68,"displayedObservations":68,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.373196,-0.530041,-0.482017,-0.547113,-0.642925,-0.657316,-0.774808,-0.710881,-0.419334,-0.079253,0.359861,0.717723,0.893266,0.920841,0.838841,0.841479,0.656015,0.598545,0.465534,0.120644,-0.05589,-0.238872,-0.137696,0.036414,0.252034,0.427085,0.264187,0.315642,0.350476,0.258202,0.497011,0.617333,0.696939,0.878539,0.865857,0.947113,0.830685,0.718259,0.354843,-0.101464],"opens":[21.270775,21.124748,21.153952,21.345835,20.661673,20.739862,21.218775,21.209005,21.824162,22.236308,22.766216,22.540513,22.372188,22.628321,22.480551,22.726833,22.83238,22.130299,22.347846,21.774319,21.566661,22.348038,22.814655,23.469908,23.249371,23.442994,23.333771,22.857168,23.552215,23.517517,23.95598,23.8364,24.090857,24.524128,24.165385,24.394581,24.344757,24.19528,24.049999,23.299999],"highs":[21.533615,21.192892,21.404476,21.345835,20.808279,21.404476,21.326286,21.353138,22.265751,22.756401,22.766216,22.609205,22.746537,22.687429,22.86475,23.099367,22.852158,22.466507,22.565393,21.774319,22.159405,22.7948,23.728035,23.469908,23.572074,23.621721,23.333771,23.49264,23.617168,23.517517,23.95598,23.886224,24.090857,24.524128,24.205246,24.514164,24.414513,24.374651,24.049999,23.32],"lows":[20.968994,20.93005,21.066338,20.661673,20.612806,20.739862,21.150362,21.209005,21.667153,22.236308,22.314812,22.000799,22.214567,22.372187,22.480551,22.62832,22.308294,21.853424,21.438112,21.49744,21.556772,22.248758,22.814655,23.122425,23.249371,23.442994,22.787663,22.79759,23.333771,23.517517,23.95598,23.8364,24.090857,24.524128,24.145454,24.235139,23.995977,24.129999,23.5,23.18],"closes":[21.105282,21.124748,21.404476,20.661673,20.808279,21.35561,21.150362,21.313885,22.255938,22.756401,22.383505,22.214567,22.598768,22.480551,22.707129,23.099367,22.308294,22.001751,21.438112,21.49744,22.159405,22.536673,23.598972,23.410337,23.49264,23.532358,22.787663,23.49264,23.517517,23.517517,23.95598,23.876259,24.090857,24.524128,24.205246,24.444408,23.995977,24.129999,23.5,23.290001],"hoverRows":[[{"label":"Open","value":"21.3","className":"is-ohlc","compact":true},{"label":"High","value":"21.5","className":"is-ohlc","compact":true},{"label":"Low","value":"21.0","className":"is-ohlc","compact":true},{"label":"Close","value":"21.1","className":"is-ohlc","compact":true},{"label":"Market 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week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. 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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":0.0,"averageReturn":4.2,"sample":3},"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, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 4.2% 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 1 cases. Distinct visits lasted 2.0 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 5.7 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":[],"reversal_warnings":[{"date":"2026-02-27","price":23.099367}],"reversal_dangers":[{"date":"2026-03-06","price":22.308294}]}},"smTape":{"available":true,"dates":["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":[19.5791,19.1705,19.6837,19.4271,20.4225,20.2507,20.3366,20.2698,20.5084,20.4384,20.8792,21.0229,20.8792,20.7123,21.0586,21.2414,21.4531,21.3156,21.9048,21.9144,21.5184,21.4605,21.8648,21.2539,21.3315,21.8842,21.2513,21.3487,21.1053,21.1247,21.4045,20.6617,20.8083,21.3556,21.1504,21.3139,22.2559,22.7564,22.3835,22.2146,22.5988,22.4806,22.7071,23.0994,22.3083,22.0018,21.4381,21.4974,22.1594,22.5367,23.599,23.4103,23.4926,23.5324,22.7877,23.4926,23.5175,23.5175,23.956,23.8763,24.0909,24.5241,24.2052,24.4444,23.996,24.13,23.5,23.29],"consensus":[100.0,-100.0,100.0,-43.2699,71.679,25.0442,19.3707,37.9614,44.1175,0.0,58.0445,40.0552,8.1325,0.0,52.6522,53.245,59.0076,20.7723,74.5928,51.5672,-8.1486,0.0,55.0996,-47.3333,10.7296,61.9583,-49.3658,9.3309,-38.9697,-14.5333,36.9677,-62.0939,0.0,40.1617,-29.3694,28.2348,75.342,78.1562,0.0,9.1128,59.2666,0.0,46.1235,72.906,-34.2472,-39.047,-64.0019,-40.7783,33.3178,40.769,75.1241,34.6229,47.1668,37.3629,-40.1192,54.9815,25.1467,19.7402,46.69,34.9764,41.0817,50.2794,30.6446,53.6526,-22.321,0.0,-57.3162,-35.2431],"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":[67.7057,18.5895,77.8192,58.9516,-20.0147,0.0,69.4035,-41.8862,18.2889,65.9334,-41.4883,11.1842,-30.9102,-3.0742,36.7124,-64.6341,0.0,43.8342,-30.0808,27.2356,79.3206,83.3207,0.0,2.5548,56.8678,0.0,47.6411,74.8256,-36.1086,-28.9473,-55.0261,-44.9075,43.9984,37.358,77.1623,36.2467,49.0637,33.8634,-37.4801,63.6652,30.965,24.6512,46.8144,39.061,40.7856,50.4741,37.4394,53.0869,-25.8994,0.0,-53.88,-23.2673],"force":[49.7493,17.2926,87.868,27.7711,-43.7726,0.0,64.0639,-92.2694,24.1759,80.8348,-91.1477,19.9524,-64.9306,-0.8983,76.961,-67.306,0.0,68.6958,-43.2165,37.6652,95.2353,89.9896,0.0,38.2866,74.518,0.0,38.8143,85.4022,-76.9149,-71.5647,-94.0837,-19.163,64.663,52.8205,93.7614,0.0926,29.1197,15.3615,-81.955,69.4056,6.9712,0.309,31.7935,10.0496,22.3764,32.8876,0.5621,52.165,-65.6362,0.0,-85.5174,-30.4646],"direction":[55.68,50.4563,61.4233,60.1251,-30.8583,0.0,32.3493,-21.4614,7.514,43.9319,-28.5244,0.374,-29.637,-37.3688,8.6928,-55.4677,0.0,15.5831,-18.6656,22.6407,56.5855,63.8016,0.0,50.4644,51.1143,0.0,49.6101,61.7863,-1.6429,-27.3626,-52.7729,-51.4985,1.278,36.059,59.4824,57.5641,57.8897,57.0776,-13.2527,34.7542,31.4796,28.4485,57.1882,48.113,54.7811,62.4797,45.1696,55.3616,-12.708,0.0,-41.0996,-52.3431],"intensity":[25.0,35.2941,94.4444,73.6842,65.0,4.7619,68.1818,95.6522,45.8333,84.0,96.1538,74.0741,35.7143,51.7241,46.6667,96.7742,78.125,87.8788,61.7647,8.5714,97.2222,78.3784,50.0,43.5897,52.5,7.3171,23.8095,55.814,95.4545,68.8889,78.2609,95.7447,89.5833,89.7959,100.0,37.2549,1.9231,15.3846,90.3846,86.5385,65.3846,15.3846,59.6154,1.9231,30.7692,55.7692,46.1538,36.5385,61.5385,5.7692,80.7692,88.4615],"confirmation":[86.4677,31.8761,92.2251,83.6638,32.7622,5.4463,85.6871,84.5991,50.6644,88.3414,85.1904,48.6945,81.3843,27.0764,81.0524,87.9902,30.8318,81.6654,77.8094,77.3378,92.6551,93.2919,13.7718,9.7393,87.4667,29.8326,82.5136,91.6815,57.5644,81.64,89.5342,80.3274,57.0602,81.4653,92.5767,55.3497,82.5145,79.3389,82.1534,85.9013,52.7377,51.0302,82.4849,78.3705,80.5806,83.5564,54.2049,85.1321,33.786,1.9538,87.253,79.3147],"persistence":[75.0,87.5,87.5,87.5,62.5,62.5,62.5,37.5,37.5,37.5,12.5,12.5,12.5,0.0,0.0,0.0,12.5,12.5,12.5,12.5,12.5,37.5,25.0,50.0,62.5,50.0,75.0,75.0,50.0,25.0,12.5,12.5,12.5,0.0,0.0,0.0,25.0,50.0,50.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,100.0,100.0,75.0,62.5,37.5,12.5],"assessmentRisk":[18.1219,39.3714,12.6388,23.9116,16.0775,22.7982,34.7205,24.7758,31.8307,11.2661,21.2766,7.61,7.147,41.0075,0.5295,16.0571,29.032,5.0372,12.2982,31.9919,12.1728,10.6894,48.6295,44.0527,3.4517,30.7265,9.0465,11.9556,11.9645,19.7653,17.5881,29.5189,31.4562,21.9578,12.4208,32.649,26.0176,29.8164,25.657,20.0819,10.2841,11.3873,25.8737,17.483,22.5327,23.9731,10.2033,19.2821,1.2322,40.6516,18.0601,32.2005],"volumeParticipation":true,"latest":{"consensus":-35.2,"control":-23.3,"force":-30.5,"direction":-52.3,"confirmation":79.3,"persistence":12.5,"assessmentRisk":32.2,"intensity":88.5,"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":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-35.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-23.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-30.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-52.3","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":"49.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"1.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"27.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"60%","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":[19.5791,19.1705,19.6837,19.4271,20.4225,20.2507,20.3366,20.2698,20.5084,20.4384,20.8792,21.0229,20.8792,20.7123,21.0586,21.2414,21.4531,21.3156,21.9048,21.9144,21.5184,21.4605,21.8648,21.2539,21.3315,21.8842,21.2513,21.3487,21.1053,21.1247,21.4045,20.6617,20.8083,21.3556,21.1504,21.3139,22.2559,22.7564,22.3835,22.2146,22.5988,22.4806,22.7071,23.0994,22.3083,22.0018,21.4381,21.4974,22.1594,22.5367,23.599,23.4103,23.4926,23.5324,22.7877,23.4926,23.5175,23.5175,23.956,23.8763,24.0909,24.5241,24.2052,24.4444,23.996,24.13,23.5,23.29],"stroke":"#10243b","width":2.1},{"label":"Fast 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