{"schema_version":"1.0","name":"IREX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"9a81cc23-50f2-4ebc-9cc8-54c35e726b44","symbol":"IREX","name":"Tradr 2X Long IREN Daily ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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, Range position and boundary pressure, Activity pressure and cumulative balance, Range pressure and compression, Acceleration, deceleration and rollover."},{"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":"Price structure and the underlying tape currently reinforce the same downside read.","evidenceAlignment":{"status":"Evidence aligned downward","headline":"Downward price structure is confirmed by Market Dynamics","summary":"Price structure and the underlying tape currently reinforce the same downside read.","take":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","tone":"negative","conflict":false},"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":[0.42746,0.684362,0.831786,0.982448,0.940018,0.914368,0.877074,0.689582,0.461046,0.222705,-0.071901,-0.21777,-0.299592,-0.378081,-0.372936,-0.357957],"opens":[29.68,39.76,36.64,44.34,47.4,37.98,44.78,41.88,26.56,19.12,17.17,13.71,14.105,12.07,15.16,18.03],"highs":[56.41,50.47,43.27,56.9599,60.7508,43.5,45.51,42.79,26.76,21.93,18.82,19.22,15.16,16.052,20.99,18.9571],"lows":[29.47,35.2,26.8502,43.0101,30.215,30.0,38.085,22.75,15.44,16.4,10.8,13.63,8.0575,11.46,13.3,13.55],"closes":[49.66,36.13,40.3,49.47,35.01,41.15,41.14,25.02,16.52,17.9,11.77,13.71,12.37,15.2,17.06,15.25],"hoverRows":[[{"label":"Open","value":"29.7","className":"is-ohlc","compact":true},{"label":"High","value":"56.4","className":"is-ohlc","compact":true},{"label":"Low","value":"29.5","className":"is-ohlc","compact":true},{"label":"Close","value":"49.7","className":"is-ohlc","compact":true},{"label":"Market 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repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.0","className":"is-ohlc","compact":true},{"label":"High","value":"19.0","className":"is-ohlc","compact":true},{"label":"Low","value":"13.6","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.36","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[9.4966,51.9334],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.357957,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"slight strengthening","fourWeekDirection":"weakening","now":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"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":"Negative and weakening","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and weakening","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"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":[108.69,100.32,100.3197,53.31,43.77,54.9,45.75,36.3,34.41,34.74,38.22,43.41,66.93,63.0,54.48,30.63,30.48,26.94,27.69,21.45,27.03,26.41,18.69,17.9,22.7,33.06,36.04,28.83,49.66,36.13,40.3,49.47,35.01,41.15,41.14,25.02,16.52,17.9,11.77,13.71,12.37,15.2,17.06,15.25],"consensus":[99.4258,-35.2415,-59.3729,-51.2325,-63.0589,-23.5946,-39.015,-47.6558,-22.4182,-36.1449,0.0,0.0,50.0152,13.5604,-16.0478,-54.5481,-28.5799,-40.0471,-27.6545,-42.0384,0.0,-17.0882,-38.3955,-15.0239,0.0,25.5604,19.5042,-9.3683,54.1186,-16.8773,21.6084,35.3343,-29.5218,22.0488,0.0,-45.8653,-47.5399,-28.8897,-48.2927,-30.456,-21.9415,0.0,0.0,-18.5297],"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,-11.3867,-33.267,-51.2069,-15.2949,-37.3053,0.0,0.0,40.5607,9.1587,-21.8597,-48.4498,-27.2206,-41.9722,-28.4907,-48.3055,0.0,-22.957,-47.2163,-14.554,0.0,28.2797,14.2704,-21.0374,49.4642,-24.2175,21.9191,30.6132,-29.0495,22.8243,0.0,-47.6104,-53.68,-29.4546,-51.4789,-37.3025,-21.0559,0.0,0.0,-25.4207],"force":[99.4258,-35.2415,-59.3729,-51.2325,-26.0576,-2.2716,-17.8229,-36.7707,-1.9879,-13.7726,0.0,0.0,85.5503,1.7779,-39.4518,-77.8057,-13.4212,-33.2994,-11.1446,-43.9137,0.0,-6.973,-33.5302,-0.1514,0.0,40.0252,18.8547,-17.0467,70.2166,-45.6525,23.6034,31.1733,-55.5118,27.6777,0.0,-59.8409,-46.5816,-10.8997,-43.5719,-8.7846,-10.5922,0.0,0.0,-15.2475],"direction":[null,null,null,null,-89.4884,-56.0223,-60.7212,-51.3726,-45.1522,-50.7989,0.0,0.0,35.4382,27.007,-7.3115,-44.905,-40.961,-42.6668,-38.4917,-33.5364,0.0,-17.6062,-31.7899,-26.1842,0.0,12.1206,25.9495,-9.4522,47.9394,-12.0653,19.8284,43.702,-11.4973,17.1419,0.0,-33.8884,-41.2072,-41.0941,-48.0233,-38.1111,-31.0603,0.0,0.0,-12.9987],"intensity":[null,null,null,null,100.0,20.0,16.6667,28.5714,62.5,11.1111,10.0,54.5455,75.0,15.3846,42.8571,80.0,68.75,17.6471,11.1111,26.3158,25.0,4.7619,36.3636,60.8696,20.8333,64.0,34.6154,33.3333,82.1429,68.9655,40.0,74.1935,71.875,75.7576,35.2941,71.4286,69.4444,16.2162,23.6842,2.5641,22.5,7.3171,21.4286,2.3256],"confirmation":[54.4829,33.9439,41.666,39.0611,63.8207,52.7659,79.9265,82.864,51.9931,78.8669,6.2149,27.501,85.2319,49.3807,52.6531,86.2571,76.7043,80.5801,76.3336,81.4139,4.5127,50.4039,80.0039,49.6949,4.6944,76.5787,74.3013,27.7372,85.8795,31.4064,74.9708,79.2521,78.2462,75.2153,24.4204,83.0762,83.09,76.6878,83.2612,76.9811,74.6889,5.0725,25.7243,81.7245],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,100.0,100.0,87.5,75.0,50.0,25.0,25.0,25.0,25.0,25.0,37.5,50.0,62.5,87.5,87.5,87.5,75.0,50.0,25.0,25.0,12.5,12.5,12.5,37.5,25.0,25.0,12.5,12.5,12.5,12.5,37.5,62.5,62.5,75.0,75.0,75.0],"assessmentRisk":[null,null,null,null,18.3925,37.2464,30.2696,14.8127,15.4541,25.4054,19.9443,25.3651,23.2539,40.6844,47.1056,5.4028,35.57,29.844,35.6223,14.8266,14.7942,5.9245,16.0208,9.2398,20.3963,21.1337,38.835,48.3766,22.8616,25.665,12.3078,31.4294,30.7358,12.9425,2.8128,26.1561,23.1711,34.3173,25.5323,24.9421,8.521,15.525,31.0821,19.7947],"volumeParticipation":true,"latest":{"consensus":-18.5,"control":-25.4,"force":-15.2,"direction":-13.0,"confirmation":81.7,"persistence":75.0,"assessmentRisk":19.8,"intensity":2.3,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and 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":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-18.5","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-25.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-15.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-13.0","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"82/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"37.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"84.3%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"13.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"14%","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 references are aligned 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}