{"schema_version":"1.0","name":"GDXW Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ba0cfcca-8a39-47c9-a0c2-f733946cef8c","symbol":"GDXW","name":"ROUNDHILL GOLD MINERS WEEKLYPAY ETF","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","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, Acceleration, deceleration and rollover, Range pressure and compression."},{"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":43,"displayedObservations":43,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Unsupported elevation","headline":"Price remains elevated without full Market Dynamics support","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","take":"This is a downside warning, not a confirmed reversal. Stronger Market Dynamics would repair the gap; weaker price would begin to confirm it.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.599132,-0.872029,-0.898931,-1.123085,-1.373418,-1.581864,-1.794267,-1.97422,-2.146147,-2.327867,-2.499535,-2.558336,-2.114348,-1.571045,-0.924741],"opens":[48.708193,44.49286,43.39803,42.98323,37.991056,41.120318,38.180585,35.257243,36.768403,33.469077,31.800201,34.44528,33.382719,41.309047,42.23],"highs":[50.737098,45.05749,45.450383,43.904638,38.741922,43.719483,38.680954,36.808142,37.05491,34.788338,35.301406,34.688058,42.101499,43.099073,49.13],"lows":[43.528248,41.274468,41.284058,38.281197,34.771152,38.900675,34.149035,33.91038,32.57585,31.016972,31.491555,32.299127,33.093074,40.448648,41.24],"closes":[43.862438,42.469602,44.905301,38.338191,38.378016,39.536213,36.045674,36.479928,34.519323,31.843709,33.931789,33.355986,41.728398,41.843088,49.0],"hoverRows":[[{"label":"Open","value":"48.7","className":"is-ohlc","compact":true},{"label":"High","value":"50.7","className":"is-ohlc","compact":true},{"label":"Low","value":"43.5","className":"is-ohlc","compact":true},{"label":"Close","value":"43.9","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"-0.92","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.916503,2.916503],"priceRange":[30.814332,50.029377],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.924741,"state":"Price ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"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."}},"diagnosis":{"label":"Unsupported elevation","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","tone":"negative"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","annotations":[{"label":"Current tape relationship","value":"Unsupported elevation","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"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":"Not confirming","detail":"Market Dynamics has strengthened over four weeks, but it still lags the elevated price.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":15,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-10-31","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":[37.0474,37.2502,39.5712,37.7737,43.8071,42.3908,45.2923,46.6312,49.1308,45.5016,49.7783,52.8049,59.119,50.6057,52.3748,56.6244,58.1493,64.6714,54.7138,49.25,40.8457,44.3323,49.6503,52.788,53.4471,48.9379,43.8403,48.2958,43.8624,42.4696,44.9053,38.3382,38.378,39.5362,36.0457,36.4799,34.5193,31.8437,33.9318,33.356,41.7284,41.8431,49.0],"consensus":[0.0,99.0334,-29.6673,-39.3665,81.7445,21.2981,62.831,64.6159,77.9156,0.0,80.305,73.5697,88.503,-11.8909,46.9554,67.1033,45.809,80.8966,-24.9015,-51.5913,-71.5599,-10.7918,14.0354,31.0677,26.177,-21.6999,-55.7545,13.5348,-51.8213,-39.1897,0.0,-66.4965,-21.6257,-27.9751,-50.2886,-14.0072,-41.8561,-53.7537,-11.0655,-32.0837,53.9452,23.4295,-69.8215],"supportDates":["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,1.467,62.1888,59.6481,73.4175,0.0,78.1468,65.2443,87.5445,-27.8064,37.1625,62.0185,61.3786,85.361,-32.5324,-44.1334,-67.0792,-1.3206,27.5136,33.9788,23.5041,-28.8605,-56.2036,25.686,-49.0219,-38.0541,0.0,-69.1942,-10.0439,-29.1487,-46.7592,-5.8628,-41.6146,-54.9502,-5.2314,-31.3811,50.0447,18.3261,-70.8341],"force":[0.0,99.0334,-29.6673,-39.3665,57.6043,16.2318,44.9493,54.2912,82.5337,0.0,91.7105,78.8152,94.8238,-78.3402,56.2633,76.9164,37.982,95.4554,-79.7834,-84.2032,-94.7534,-29.22,41.3852,41.0236,22.6031,-41.5587,-66.4516,46.7488,-62.5309,-28.6064,0.0,-74.5198,-2.8897,-8.1283,-47.0573,-11.9377,-30.5677,-43.9821,-22.2202,-16.1932,88.6235,13.2873,-84.8121],"direction":[null,null,null,null,98.9875,70.7694,76.3376,77.6681,79.7577,0.0,74.6247,79.3377,85.0836,-53.762,51.4988,65.9051,33.606,65.3954,-23.0209,-36.8206,-60.1141,-53.2144,20.9038,20.6294,31.7847,-0.6686,-47.6005,24.0767,-47.371,-48.047,0.0,-57.6825,-52.3731,-40.8101,-56.6302,-41.8471,-50.1952,-59.3659,-41.5086,-44.237,33.6326,36.5064,-57.9567],"intensity":[null,null,null,null,100.0,60.0,50.0,71.4286,50.0,77.7778,80.0,81.8182,100.0,100.0,92.8571,53.3333,6.25,88.2353,100.0,84.2105,95.0,61.9048,68.1818,39.1304,37.5,60.0,57.6923,51.8519,50.0,68.9655,13.3333,83.871,62.5,54.5455,55.8824,11.4286,13.8889,18.9189,15.7895,2.5641,92.5,85.3659,83.3333],"confirmation":[2.3806,54.3573,32.1602,35.2639,70.388,9.4366,87.5708,88.4381,93.1423,12.4301,94.0781,91.829,96.5282,39.7236,83.4586,89.8496,82.1831,94.2626,37.1026,85.6168,91.6743,8.9339,32.2456,78.2007,76.3085,52.916,86.1606,32.9612,84.9519,80.2355,28.8621,89.4823,52.2994,76.3293,84.0477,6.3624,81.0536,84.8851,7.3557,77.7932,86.3788,75.2661,90.7843],"persistence":[null,null,0.0,25.0,0.0,16.6667,28.5714,37.5,50.0,37.5,62.5,87.5,87.5,62.5,62.5,62.5,62.5,75.0,50.0,25.0,0.0,0.0,0.0,0.0,0.0,25.0,25.0,0.0,0.0,0.0,12.5,37.5,62.5,62.5,62.5,87.5,87.5,87.5,100.0,100.0,75.0,50.0,25.0],"assessmentRisk":[null,null,null,null,8.1918,36.6253,17.1328,17.6057,9.9166,37.2926,5.9177,12.1529,5.6378,48.9504,5.3978,3.4508,35.0375,9.4694,34.3323,18.5945,13.9898,44.5201,41.9803,11.6854,35.685,44.8472,12.2423,40.8686,21.4307,22.4788,7.4074,15.5283,31.6424,18.354,23.9673,18.0869,21.1173,22.419,23.8154,23.3723,21.2718,38.0075,15.0462],"volumeParticipation":true,"latest":{"consensus":-69.8,"control":-70.8,"force":-84.8,"direction":-58.0,"confirmation":90.8,"persistence":25.0,"assessmentRisk":15.0,"intensity":83.3,"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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-69.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-70.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-84.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-58.0","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"91/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"58.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"10.6%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"17.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"53%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}