{"schema_version":"1.0","name":"QSU Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"9a648b10-b6b9-44d1-84b3-e1b451b0626d","symbol":"QSU","name":"DEFIANCE DAILY TARGET 2X LONG QS ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","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 position and boundary pressure, Acceleration, deceleration and rollover, 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":44,"displayedObservations":44,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.228234,0.401138,0.51725,0.643285,0.710041,0.698714,0.739585,0.723364,0.68597,0.623606,0.510663,0.440098,0.371344,0.266744,0.168003,0.063691],"opens":[14.5,15.02,16.94,18.36,20.0,15.45,13.66,14.63,12.554,11.57,9.25,7.67,5.28,5.63,7.47,7.5],"highs":[17.6,21.67,19.18,22.95,23.86,15.6,15.3699,16.75,14.2,12.639,10.31,8.3,6.01,7.6199,8.6,7.72],"lows":[13.99,15.02,13.6,17.89,13.83,11.56,11.5,11.2011,11.15,9.23,7.0,4.92,4.82,5.63,7.4,6.11],"closes":[15.5,17.14,17.53,20.93,14.41,12.19,15.35,11.92,11.47,9.74,7.56,5.04,5.7,7.51,7.78,7.08],"hoverRows":[[{"label":"Open","value":"14.5","className":"is-ohlc","compact":true},{"label":"High","value":"17.6","className":"is-ohlc","compact":true},{"label":"Low","value":"14.0","className":"is-ohlc","compact":true},{"label":"Close","value":"15.5","className":"is-ohlc","compact":true},{"label":"Market 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week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted 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":"Positive support is weakening","detail":"Market Dynamics remains 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 eased this week but 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":16,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-10-24","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":[124.0752,144.6,112.5,72.06,51.54,58.26,60.12,52.26,47.88,43.44,44.1,40.44,39.24,37.53,26.58,23.76,19.08,15.06,15.06,13.74,13.8,13.47,11.69,11.94,11.74,14.41,14.76,14.645,15.5,17.14,17.53,20.93,14.41,12.19,15.35,11.92,11.47,9.74,7.56,5.04,5.7,7.51,7.78,7.08],"consensus":[91.5112,91.0336,0.0,-44.1837,-61.3198,-22.7614,-25.1204,-41.5809,-23.9365,-39.4473,-12.5647,-36.6983,-24.7556,-29.116,-51.1255,-32.5292,-44.7291,-42.6197,-27.4499,-28.7626,-22.5686,-25.6288,-32.0532,-9.2962,-16.0872,0.0,-10.0651,0.0,0.0,0.0,0.0,20.9228,-26.9894,-25.77,15.849,-29.8834,-20.1521,-25.1911,-33.8524,-44.5704,-12.2744,0.0,-9.7081,-5.5055],"supportDates":["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,-6.3586,-14.3543,-48.3753,-24.0783,-47.0484,-0.2678,-43.048,-24.9259,-33.8803,-55.912,-28.872,-53.1195,-50.939,-30.7659,-33.4024,-26.8955,-35.9658,-45.3604,-7.4467,-20.2912,0.0,-18.9063,0.0,0.0,0.0,0.0,17.2102,-35.6196,-33.752,19.8925,-34.0542,-29.5752,-34.7368,-39.1486,-50.267,-8.1901,0.0,-17.8733,-12.5516],"force":[91.5112,91.0336,0.0,-44.1837,-28.2391,-2.2865,-3.5385,-26.273,-7.2308,-21.1516,-9.0675,-20.67,-6.2425,-13.583,-44.354,-13.3663,-35.0793,-26.685,-7.8041,-10.7818,-4.3748,-9.5451,-17.8493,-6.7225,-2.1049,0.0,-3.8623,0.0,0.0,0.0,0.0,22.5301,-44.1385,-26.8839,34.1372,-35.9367,-15.5776,-23.3613,-32.138,-51.7396,-4.7331,0.0,-1.8244,-0.8443],"direction":[null,null,null,null,-84.9488,-59.3987,-52.8402,-44.7501,-35.7072,-43.8287,-42.682,-40.8904,-37.7845,-34.766,-50.4921,-50.3967,-42.0327,-44.4939,-37.693,-36.3035,-30.6191,-25.3032,-26.9906,-22.852,-21.2699,0.0,-4.3915,0.0,0.0,0.0,0.0,24.0177,-4.877,-15.852,1.8351,-20.7931,-12.6503,-15.5888,-29.0242,-32.9392,-29.0905,0.0,-6.0076,-1.9883],"intensity":[null,null,null,null,100.0,20.0,16.6667,28.5714,37.5,11.1111,30.0,9.0909,33.3333,38.4615,64.2857,53.3333,18.75,58.8235,5.5556,5.2632,5.0,4.7619,22.7273,26.087,12.5,32.0,65.3846,62.963,25.0,34.4828,26.6667,38.7097,59.375,69.697,29.4118,34.2857,25.0,21.6216,23.6842,28.2051,22.5,17.0732,14.2857,9.3023],"confirmation":[51.9502,51.7974,1.1064,36.8055,63.4434,29.9247,52.8782,80.7358,52.4817,79.9497,5.5485,79.1582,52.6883,76.7711,84.0809,77.8811,81.8914,81.0259,53.468,76.5854,51.9349,75.5535,77.6214,26.6156,49.991,2.7622,25.5637,24.2909,24.3971,2.0127,47.7929,74.8009,54.3611,76.1587,51.2922,77.6836,74.1657,75.8599,78.6998,82.3942,49.8148,27.7012,25.4086,17.5015],"persistence":[null,null,66.6667,25.0,0.0,16.6667,28.5714,37.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,75.0,62.5,50.0,37.5,12.5,12.5,25.0,0.0,12.5,25.0,37.5,50.0,75.0,75.0,62.5,87.5,75.0],"assessmentRisk":[null,null,null,null,19.1368,38.5611,36.6119,16.7728,2.4924,14.0479,30.0624,12.2333,12.2684,3.6967,17.7311,28.4128,27.4629,28.6878,36.175,35.4783,36.0928,11.665,24.8648,22.9447,22.2281,14.9431,41.8133,46.5581,48.9908,45.819,45.6764,39.5273,8.6446,35.6042,42.8322,34.9454,30.0613,23.4328,32.8168,27.1609,42.5462,35.9094,8.9741,35.1393],"volumeParticipation":true,"latest":{"consensus":-5.5,"control":-12.6,"force":-0.8,"direction":-2.0,"confirmation":17.5,"persistence":75.0,"assessmentRisk":35.1,"intensity":9.3,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Established","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-5.5","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-12.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-0.8","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-2.0","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"18/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"48.9","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"94.0%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"20.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"11%","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 and its trend 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tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-22.1992,-50.166,-64.3568,-59.7095,-58.4232,-63.8589,-66.888,-69.9585,-69.5021,-72.0332,-72.8631,-74.0456,-81.6183,-83.5685,-86.805,-89.5851,-89.5851,-90.4979,-90.4564,-90.6846,-91.9156,-91.7427,-91.8811,-90.0346,-89.7925,-89.8721,-89.2808,-88.1466,-87.8769,-85.5256,-90.0346,-91.5698,-89.3845,-91.7566,-92.0678,-93.2642,-94.7718,-96.5145,-96.0581,-94.8064,-94.6196,-95.1037],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,1.397,0.0,0.0,1.5193,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.4367,0.0,0.0,2.1386,0.4277,23.2678,26.2618,25.278,32.592,46.621,49.9572,79.0419,23.2678,4.2772,31.3088,1.9675,0.0,0.0,0.0,0.0,13.0952,49.0079,54.3651,40.4762],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}