{"schema_version":"1.0","name":"BLK Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"a67dffba-046e-44ff-b9cd-85ec1872d9de","symbol":"BLK","name":"BlackRock, Inc.","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Acceleration, deceleration and rollover, Range position and boundary pressure, Activity pressure and cumulative balance, Range pressure and compression, 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":35,"displayedObservations":35,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[0.149364,0.192747,0.294716,0.497656,0.705439,0.841905,0.95034],"opens":[26.1,27.52,27.629999,27.08,29.0,28.790001,29.809999],"highs":[26.73,27.9,27.629999,28.190001,29.27,30.190001,29.809999],"lows":[26.1,27.23,26.4,26.99,28.629999,28.77,29.07],"closes":[26.5,27.33,26.879999,27.83,28.959999,29.809999,29.469999],"hoverRows":[[{"label":"Open","value":"26.1","className":"is-ohlc","compact":true},{"label":"High","value":"26.7","className":"is-ohlc","compact":true},{"label":"Low","value":"26.1","className":"is-ohlc","compact":true},{"label":"Close","value":"26.5","className":"is-ohlc","compact":true},{"label":"Market 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travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics strengthened this week and remains positive.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation 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Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","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":[],"reversal_warnings":[{"date":"2026-08-07","price":28.959999}],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[27.9645,27.9248,27.9248,29.9137,28.9491,28.6209,27.1391,27.3877,27.9347,27.3181,24.5,23.74,24.45,23.99,24.6719,25.5072,26.8696,26.6608,27.1381,27.6154,27.5657,27.2972,26.6409,25.47,26.43,26.6,24.68,26.02,26.5,27.33,26.88,27.83,28.96,29.81,29.47],"consensus":[0.0,57.6922,-32.1636,43.9925,43.0973,8.4891,-61.1514,-22.1797,0.0,-54.4524,-84.6991,-79.1373,-23.7832,-69.7491,0.0,25.7363,54.8872,0.0,42.23,52.3985,19.7289,22.3477,-23.2853,-52.5248,15.1119,0.0,-57.6026,26.4887,17.7658,24.9497,0.0,57.2409,57.644,65.7148,28.0612],"supportDates":["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,9.4981,-57.963,-5.2783,0.0,-40.6998,-77.033,-74.1393,-18.2471,-68.962,0.0,16.5326,45.0606,0.0,38.8964,53.5187,12.3741,20.9462,-28.6643,-62.048,34.3384,0.0,-65.9907,33.3151,23.2415,20.5045,0.0,50.0075,48.234,63.7349,22.2424],"force":[0.0,57.6922,-32.1636,43.9925,21.4648,12.4332,-53.7351,-7.5429,0.0,-72.6701,-99.6719,-81.2072,-41.9825,-60.6658,0.0,65.5521,88.0462,0.0,40.7291,48.9603,1.633,7.5679,-40.306,-51.3776,27.4319,0.0,-52.4832,49.0209,21.1209,14.6352,0.0,79.2575,68.5286,70.0208,10.3995],"direction":[null,null,null,null,89.213,43.9905,-70.0925,-62.7258,0.0,-57.1569,-82.7655,-83.3708,-77.0856,-77.1367,0.0,7.815,42.4327,0.0,47.1119,53.5743,43.3929,34.5065,-4.9803,-42.4606,15.6612,0.0,-51.673,2.5926,9.1114,37.3976,0.0,49.7815,60.6236,64.9019,62.1832],"intensity":[null,null,null,null,50.0,40.0,83.3333,14.2857,50.0,44.4444,100.0,90.9091,41.6667,23.0769,42.8571,73.3333,75.0,70.5882,22.2222,21.0526,35.0,57.1429,40.9091,86.9565,58.3333,4.0,88.4615,74.0741,50.0,68.9655,50.0,54.8387,84.375,51.5152,8.8235],"confirmation":[0.0003,41.1282,32.959,36.7443,17.7085,29.6983,87.391,30.725,31.3037,86.1895,95.6768,93.4632,37.3136,90.0549,9.0349,54.9226,86.7242,6.0988,81.5187,84.6457,51.456,52.0555,53.2214,84.6279,30.926,25.559,86.149,54.3924,73.7039,75.7373,29.9388,87.0983,86.9212,89.1901,32.7813],"persistence":[null,null,0.0,25.0,40.0,50.0,28.5714,12.5,12.5,12.5,12.5,37.5,62.5,87.5,75.0,50.0,37.5,25.0,0.0,25.0,50.0,75.0,62.5,37.5,37.5,37.5,12.5,12.5,12.5,12.5,25.0,50.0,50.0,62.5,87.5],"assessmentRisk":[null,null,null,null,14.593,26.0535,0.3732,38.227,40.8818,16.9514,6.3854,10.245,37.8731,14.8804,7.7091,32.4514,21.3784,45.5699,27.8368,22.2351,19.8671,16.8029,11.1871,23.494,53.7082,40.7135,20.0699,13.3211,5.0538,21.9375,48.4822,19.6217,20.6495,16.5801,35.5149],"volumeParticipation":true,"latest":{"consensus":28.1,"control":22.2,"force":10.4,"direction":62.2,"confirmation":32.8,"persistence":87.5,"assessmentRisk":35.5,"intensity":8.8,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Commitment is limited","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+28.1","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+22.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+10.4","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+62.2","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"33/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"61.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"20.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"89%","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 upward.","series":[{"label":"Close","values":[27.9645,27.9248,27.9248,29.9137,28.9491,28.6209,27.1391,27.3877,27.9347,27.3181,24.5,23.74,24.45,23.99,24.6719,25.5072,26.8696,26.6608,27.1381,27.6154,27.5657,27.2972,26.6409,25.47,26.43,26.6,24.68,26.02,26.5,27.33,26.88,27.83,28.96,29.81,29.47],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,28.4247,28.4604,28.2201,28.0688,28.0444,27.9124,27.2919,26.6461,26.2468,25.8365,25.6248,25.6034,25.8336,25.984,26.1938,26.4523,26.6547,26.7716,26.7478,26.5155,26.4999,26.5181,26.1839,26.1541,26.217,26.4194,26.5031,26.7444,27.1472,27.6314,27.9657],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,27.2246,26.985,26.8136,26.7169,26.7282,26.7232,26.7539,26.8177,26.8731,26.9045,26.885,26.7802,26.7543,26.7428,26.59,26.5478,26.5443,26.6025,26.623,26.7124,26.8789,27.096,27.2719],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,29.7115,30.3568,30.7709,30.7859,30.8051,30.6972,30.546,30.4402,30.3315,30.2608,30.2346,30.1922,30.1298,30.023,29.4906,29.1429,28.845,28.7736,28.641,28.4327,28.4346,28.484,28.5395,28.8773,29.2759,29.5651],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,26.504,25.2028,24.1153,23.6398,23.1603,22.9601,22.9461,23.0664,23.1649,23.2766,23.3874,23.39,23.3896,23.368,23.4561,23.5518,23.6476,23.4731,23.4689,23.5338,23.5331,23.7217,24.0751,24.1883,24.3718,24.5624],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,-0.7443,-0.8878,-0.9357,-0.896,-0.746,-0.6366,-0.5055,-0.359,-0.2441,-0.1727,-0.1672,-0.2544,-0.2432,-0.2181,-0.3491,-0.3408,-0.2922,-0.1846,-0.134,-0.0171,0.1648,0.3733,0.5052],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.8081,-0.7738,-0.7201,-0.6479,-0.5672,-0.4883,-0.4241,-0.3901,-0.3607,-0.3322,-0.3356,-0.3366,-0.3277,-0.2991,-0.2661,-0.2163,-0.1401,-0.0374,0.0711],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0621,0.1372,0.2146,0.2889,0.323,0.3155,0.2569,0.1358,0.1176,0.1141,-0.0135,-0.0042,0.0355,0.1145,0.1321,0.1992,0.3049,0.4107,0.4341],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,20.7756,36.0111,18.8365,0.0,0.9158,11.7523,4.7314,15.1391,27.8884,48.6819,45.4945,52.7799,60.0651,59.3062,55.2083,45.191,27.3202,41.9723,44.567,15.2627,35.7146,43.0407,62.7576,60.0517,80.4314,94.4544,94.1628,88.9401],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-9.4079,-7.5987,-9.6382,-18.9599,-21.4738,-19.1253,-20.6468,-18.3913,-15.6282,-11.1218,-11.8126,-10.2337,-8.6548,-8.8192,-9.7074,-11.8783,-15.7513,-12.5759,-12.0136,-18.3645,-13.9321,-12.3444,-7.3435,-7.3383,-3.501,-1.0591,-1.2587,-2.3849],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,2.7996,4.8526,2.5383,0.0,0.2534,3.2517,1.3091,4.1888,7.7163,13.4696,12.5877,14.6035,16.6192,16.4092,15.2754,12.5037,7.5591,11.6132,12.3311,4.223,9.8818,11.9088,15.4139,13.5135,17.5253,22.2973,25.8868,24.451],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative 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,93.946,57.7474,133.6487,216.342,249.6614,153.1696,122.1448,64.3665,121.329,191.942,69.12,58.9147,77.0869,32.4757,48.5356,24.7599,8.3122,3.8769,11.3749,32.2245,12.3989,18.6301,10.459,105.1314,175.9834,246.8114,137.5624,106.1632],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,85.5952,96.7857,69.881,65.0,65.0,75.1844,66.9221,71.168,79.2869,92.9139,88.0943,92.1107,97.3033,95.0943,91.7664,90.1025,89.5861,89.8156,90.4754,88.6967,89.3566,90.332,90.8484,86.0287,93.3443,103.6148,109.1516,104.877],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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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,4.2523,4.1389,4.1295,4.1873,4.1105,4.0534,3.92,3.894,3.948,4.1296,4.3505,4.1525,3.944,4.5202,4.3491,4.1566,4.1084,4.2057,4.1082,4.0211,3.9676,3.9061],"stroke":"#c13f3f","width":1.9},{"label":"Envelope 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