{"schema_version":"1.0","name":"538A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"bacaca2a-aaef-42f2-8378-3db9100d6ca6","symbol":"538A","name":"NZAM ETF US Treasury 7-10Y(Unhedged)","exchange":"JPX","country":"JP","asset_type":"etf","currency":"JPY","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, Completed returns and cumulative progression, Range expansion and closing direction, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Range position and boundary pressure."},{"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":23,"displayedObservations":23,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","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":["2026-03-20","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"],"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],"opens":[5000.0,5350.0,5000.0,6000.0,5100.0,5000.0,5000.0,5056.0,4930.0,4870.0,4909.0,4946.0,4949.0,4989.0,5049.0,4848.0,5007.0,5019.0,5019.0,4980.0,4943.0,4886.0,4897.0],"highs":[5000.100098,5450.0,5943.0,6000.0,5100.0,5100.0,5057.0,5056.0,4930.0,4896.0,4938.0,4946.0,4975.0,4989.0,5056.0,4848.0,5007.0,5019.0,5019.0,5042.0,4943.0,4897.0,4905.0],"lows":[4999.629883,5000.0,5000.0,4999.0,4900.0,5000.0,5000.0,5000.0,4882.0,4857.0,4909.0,4946.0,4949.0,4989.0,4848.0,4848.0,5007.0,5019.0,4980.0,4943.0,4943.0,4878.0,4887.0],"closes":[4999.629883,5000.0,5000.0,5003.0,4975.0,5080.0,5057.0,5000.0,4885.0,4896.0,4938.0,4946.0,4975.0,4989.0,4848.0,4848.0,5007.0,5019.0,4980.0,4943.0,4943.0,4897.0,4894.0],"hoverRows":[[{"label":"Open","value":"5,000","className":"is-ohlc","compact":true},{"label":"High","value":"5,000","className":"is-ohlc","compact":true},{"label":"Low","value":"5,000","className":"is-ohlc","compact":true},{"label":"Close","value":"5,000","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"5,350","className":"is-ohlc","compact":true},{"label":"High","value":"5,450","className":"is-ohlc","compact":true},{"label":"Low","value":"5,000","className":"is-ohlc","compact":true},{"label":"Close","value":"5,000","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"5,000","className":"is-ohlc","compact":true},{"label":"High","value":"5,943","className":"is-ohlc","compact":true},{"label":"Low","value":"5,000","className":"is-ohlc","compact":true},{"label":"Close","value":"5,000","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6,000","className":"is-ohlc","compact":true},{"label":"High","value":"6,000","className":"is-ohlc","compact":true},{"label":"Low","value":"4,999","className":"is-ohlc","compact":true},{"label":"Close","value":"5,003","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,100","className":"is-ohlc","compact":true},{"label":"High","value":"5,100","className":"is-ohlc","compact":true},{"label":"Low","value":"4,900","className":"is-ohlc","compact":true},{"label":"Close","value":"4,975","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,000","className":"is-ohlc","compact":true},{"label":"High","value":"5,100","className":"is-ohlc","compact":true},{"label":"Low","value":"5,000","className":"is-ohlc","compact":true},{"label":"Close","value":"5,080","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,000","className":"is-ohlc","compact":true},{"label":"High","value":"5,057","className":"is-ohlc","compact":true},{"label":"Low","value":"5,000","className":"is-ohlc","compact":true},{"label":"Close","value":"5,057","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,056","className":"is-ohlc","compact":true},{"label":"High","value":"5,056","className":"is-ohlc","compact":true},{"label":"Low","value":"5,000","className":"is-ohlc","compact":true},{"label":"Close","value":"5,000","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,930","className":"is-ohlc","compact":true},{"label":"High","value":"4,930","className":"is-ohlc","compact":true},{"label":"Low","value":"4,882","className":"is-ohlc","compact":true},{"label":"Close","value":"4,885","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,870","className":"is-ohlc","compact":true},{"label":"High","value":"4,896","className":"is-ohlc","compact":true},{"label":"Low","value":"4,857","className":"is-ohlc","compact":true},{"label":"Close","value":"4,896","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,909","className":"is-ohlc","compact":true},{"label":"High","value":"4,938","className":"is-ohlc","compact":true},{"label":"Low","value":"4,909","className":"is-ohlc","compact":true},{"label":"Close","value":"4,938","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,946","className":"is-ohlc","compact":true},{"label":"High","value":"4,946","className":"is-ohlc","compact":true},{"label":"Low","value":"4,946","className":"is-ohlc","compact":true},{"label":"Close","value":"4,946","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,949","className":"is-ohlc","compact":true},{"label":"High","value":"4,975","className":"is-ohlc","compact":true},{"label":"Low","value":"4,949","className":"is-ohlc","compact":true},{"label":"Close","value":"4,975","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,989","className":"is-ohlc","compact":true},{"label":"High","value":"4,989","className":"is-ohlc","compact":true},{"label":"Low","value":"4,989","className":"is-ohlc","compact":true},{"label":"Close","value":"4,989","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,049","className":"is-ohlc","compact":true},{"label":"High","value":"5,056","className":"is-ohlc","compact":true},{"label":"Low","value":"4,848","className":"is-ohlc","compact":true},{"label":"Close","value":"4,848","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,848","className":"is-ohlc","compact":true},{"label":"High","value":"4,848","className":"is-ohlc","compact":true},{"label":"Low","value":"4,848","className":"is-ohlc","compact":true},{"label":"Close","value":"4,848","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,007","className":"is-ohlc","compact":true},{"label":"High","value":"5,007","className":"is-ohlc","compact":true},{"label":"Low","value":"5,007","className":"is-ohlc","compact":true},{"label":"Close","value":"5,007","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,019","className":"is-ohlc","compact":true},{"label":"High","value":"5,019","className":"is-ohlc","compact":true},{"label":"Low","value":"5,019","className":"is-ohlc","compact":true},{"label":"Close","value":"5,019","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,019","className":"is-ohlc","compact":true},{"label":"High","value":"5,019","className":"is-ohlc","compact":true},{"label":"Low","value":"4,980","className":"is-ohlc","compact":true},{"label":"Close","value":"4,980","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,980","className":"is-ohlc","compact":true},{"label":"High","value":"5,042","className":"is-ohlc","compact":true},{"label":"Low","value":"4,943","className":"is-ohlc","compact":true},{"label":"Close","value":"4,943","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,943","className":"is-ohlc","compact":true},{"label":"High","value":"4,943","className":"is-ohlc","compact":true},{"label":"Low","value":"4,943","className":"is-ohlc","compact":true},{"label":"Close","value":"4,943","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,886","className":"is-ohlc","compact":true},{"label":"High","value":"4,897","className":"is-ohlc","compact":true},{"label":"Low","value":"4,878","className":"is-ohlc","compact":true},{"label":"Close","value":"4,897","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4,897","className":"is-ohlc","compact":true},{"label":"High","value":"4,905","className":"is-ohlc","compact":true},{"label":"Low","value":"4,887","className":"is-ohlc","compact":true},{"label":"Close","value":"4,894","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[4834.08,5093.92],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Zone progression","detail":"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.","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 remains positive and was little changed this week.","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 read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":23,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-03-20","price":4999.629883}],"reversal_dangers":[{"date":"2026-03-27","price":5000.0}]}},"smTape":{"available":true,"dates":["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":[4999.6299,5000.0,5000.0,5003.0,4975.0,5080.0,5057.0,5000.0,4885.0,4896.0,4938.0,4946.0,4975.0,4989.0,4848.0,4848.0,5007.0,5019.0,4980.0,4943.0,4943.0,4897.0,4894.0],"consensus":[-100.0,-100.0,-100.0,-99.2008,-15.1293,34.2553,22.0531,-21.2483,-56.4778,-12.0756,0.0,-9.5419,25.5862,14.3584,-62.7508,-29.0817,28.9546,17.7921,0.0,-14.3569,-9.3657,-26.1168,-23.6654],"supportDates":["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,39.1471,26.0216,-31.6778,-54.8759,-5.7131,0.0,-4.9394,27.7347,7.2889,-54.3112,-22.7974,34.9098,19.2168,0.0,-26.8101,-5.0031,-5.7136,-21.7094],"force":[-100.0,-100.0,-100.0,-99.2008,-17.0649,30.6688,16.8939,-27.9094,-76.4129,-10.1036,0.0,-2.3279,31.7032,11.0995,-91.899,-7.515,30.0174,6.3953,0.0,-28.5371,-6.2472,-45.4356,-12.9248],"direction":[null,null,null,null,-13.7468,31.2264,21.2027,-4.571,-44.069,-48.2478,0.0,-19.9549,18.7616,24.7655,-51.5759,-51.6685,21.3895,24.3043,0.0,-10.004,-16.5789,-35.6355,-33.5726],"intensity":[null,null,null,null,100.0,40.0,16.6667,42.8571,62.5,11.1111,30.0,18.1818,8.3333,30.7692,78.5714,80.0,75.0,5.8824,27.7778,26.3158,60.0,57.1429,4.5455],"confirmation":[54.6667,54.6667,54.6667,54.4109,50.2632,78.7778,74.8393,52.1769,86.7048,6.8336,30.9899,25.5704,76.3413,49.9364,89.0972,54.078,77.2071,50.6578,30.1364,29.6375,25.6351,54.5904,55.0],"persistence":[null,null,100.0,100.0,100.0,66.6667,42.8571,50.0,50.0,50.0,37.5,37.5,12.5,12.5,37.5,37.5,12.5,12.5,12.5,12.5,12.5,37.5,37.5],"assessmentRisk":[null,null,null,null,40.4314,29.9043,31.8692,7.4506,17.4014,43.83,50.4872,33.8312,34.3036,40.5472,13.4339,31.4018,5.1964,9.7547,50.7797,50.6006,31.3983,34.7771,31.8052],"volumeParticipation":true,"latest":{"consensus":-23.7,"control":-21.7,"force":-12.9,"direction":-33.6,"confirmation":55.0,"persistence":37.5,"assessmentRisk":31.8,"intensity":4.5,"evidenceDepth":88},"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 downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","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":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-23.7","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-21.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-12.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-33.6","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"42.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"1.7%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"4%","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 downward.","series":[{"label":"Close","values":[4999.6299,5000.0,5000.0,5003.0,4975.0,5080.0,5057.0,5000.0,4885.0,4896.0,4938.0,4946.0,4975.0,4989.0,4848.0,4848.0,5007.0,5019.0,4980.0,4943.0,4943.0,4897.0,4894.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,4995.735,5011.0559,5019.4094,5015.8804,4992.084,4974.6141,4967.957,4963.9648,4965.9712,4970.1583,4947.9477,4929.7754,4943.8162,4957.486,4961.5795,4958.2014,4955.4375,4944.8125,4935.5739],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,4983.2123,4983.6411,4973.5936,4964.2904,4967.454,4971.2722,4971.9187,4969.7766,4967.7932,4962.5492,4957.4715],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,5104.8623,5098.7364,5092.7472,5087.9363,5084.6933,5092.5711,5095.7555,5095.8547,5097.316,5094.5142,5090.5995,5087.4593,5084.9271,5081.6367],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,4874.2637,4871.0145,4870.5244,4874.3144,4878.6824,4852.9795,4834.1982,4839.0429,4843.3096,4847.1311,4848.2635,4845.7407,4837.9729,4830.6633],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,0.0074,0.0,0.06,-0.5597,2.1106,-0.4528,-1.1272,-2.3,0.2252,0.8578,0.162,0.5863,0.2814,-2.8262,0.0,3.2797,0.2397,-0.777,-0.743,0.0,-0.9306,-0.0613],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,0.0074,0.0074,0.0674,-0.4926,1.6075,1.1475,0.0074,-2.2928,-2.0728,-1.2327,-1.0727,-0.4926,-0.2126,-3.0328,-3.0328,0.1474,0.3874,-0.3926,-1.1327,-1.1327,-2.0527,-2.1128],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[0.0094,9.0,18.86,20.008,4.0201,1.9685,1.1272,1.12,0.9826,0.7966,0.5873,0.0,0.5226,0.0,4.2904,0.0,0.0,0.0,0.7831,2.0028,0.0,0.388,0.3678],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[-0.0074,-6.5421,0.0,-16.6167,-2.451,1.6,1.14,-1.1076,-0.9128,0.5339,0.5908,0.0,0.5254,0.0,-3.981,0.0,0.0,0.0,-0.777,-0.743,0.0,0.2251,-0.0613],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,-13.5972,-11.0436,-20.165,-27.0815,-19.5081,-12.3949,-9.7918,-10.5923,-11.0987,-15.0385,-18.1932],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-17.5161,-16.4918,-15.1518,-14.2399,-13.6117,-13.8971,-14.7563],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-1.992,4.0969,5.36,3.6477,2.513,-1.1415,-3.4369],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,2.3952,207.3733,21.4205,24.2558,0.0,12.7729,0.0,688.4229,0.0,0.0,2.1239,4.4732,10.5386,0.0,26.8065,9.3677],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,131.2609,119.0018,120.1664,121.3923,121.3923,121.944,121.944,74.317,74.317,74.317,74.4396,74.1944,73.6427,73.6427,72.2329,71.7426],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,9.0909,0.2683,3.4121,7.0866,7.7865,10.3237,11.5486,0.0,0.0,13.8021,14.8438,11.4583,8.2465,8.2465,4.2535,3.9931],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-16.6667,-18.5833,-18.4,-17.7,-17.5667,-17.0833,-16.85,-19.2,-19.2,-16.55,-16.35,-17.0,-17.6167,-17.6167,-18.3833,-18.4333],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,2.0408,0.0615,0.803,1.6677,1.8324,2.4295,2.7177,0.0,0.0,3.2797,3.5272,2.7228,1.9596,1.9596,1.0107,0.9488],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/bacaca2a-aaef-42f2-8378-3db9100d6ca6/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/bacaca2a-aaef-42f2-8378-3db9100d6ca6/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/bacaca2a-aaef-42f2-8378-3db9100d6ca6/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/bacaca2a-aaef-42f2-8378-3db9100d6ca6/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/bacaca2a-aaef-42f2-8378-3db9100d6ca6/technical-pack/data.json"},"source_fingerprint":"38fceeb6c71cac644ee9ad25259ce2080bdf6eb57ff880963d515242ddd01aff","content_hash":"4b5d1d6739004d8725bb211a3085c5a50c10070a0f05589be809c35bcde069aa","citation":"Sharemaestro, 538A Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/bacaca2a-aaef-42f2-8378-3db9100d6ca6/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}