{"schema_version":"1.0","name":"SBIX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"bb101797-5a0f-44b6-9bf8-aba90d1053f0","symbol":"SBIX","name":"Invesco NASDAQ Biotech UCITS ETF","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","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, Activity pressure and cumulative balance, Range position and boundary pressure, Directional strength and control, Directional pressure and rotation."},{"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":54,"displayedObservations":54,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":9.8,"medianReturn":9.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.4,"sample":1},{"week":2,"averageReturn":1.5,"sample":1},{"week":3,"averageReturn":1.9,"sample":1},{"week":4,"averageReturn":9.8,"sample":1},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":3,"completedEpisodes":0,"activeEpisodes":3,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-3.3,"medianReturn":-3.3,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":2},{"week":2,"averageReturn":-1.6,"sample":2},{"week":3,"averageReturn":-2.0,"sample":2},{"week":4,"averageReturn":-3.3,"sample":2},{"week":5,"averageReturn":-2.6,"sample":2},{"week":6,"averageReturn":-0.5,"sample":2},{"week":7,"averageReturn":3.5,"sample":2},{"week":8,"averageReturn":9.0,"sample":1},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence aligned","tone":"positive","headline":"Price and Market Dynamics remain aligned upward","use":"The advance retains underlying support while price structure and Market Dynamics remain intact.","confirm":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"distribution","zoneContext":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","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":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","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."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 2.1% across 2 completed cases, with the largest move arriving after 3.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-06-26","price":5132.5},{"date":"2026-07-03","price":5284.5},{"date":"2026-08-21","price":5594.0}],"reversal_dangers":[{"date":"2026-07-10","price":5136.5}]}},"smTape":{"available":true,"dates":["2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","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":[3577.5,3663.5,3591.25,3718.5,3687.75,3719.5,3674.25,3918.5,3946.0,3988.75,5396.1699,4225.0,4135.25,4396.5,4439.5,4559.75,4483.25,4446.5,4470.0,4474.0,4387.75,4550.75,4493.25,4578.25,4436.0,4539.0,4570.75,4615.75,4659.75,4562.5,4485.5,4414.75,4387.25,4595.25,4538.75,4696.75,4537.5,4438.0,4513.75,4557.0,4573.25,4614.0,4611.25,4632.0,4756.25,5132.5,5284.5,5136.5,5110.5,5095.0,4970.25,5173.5,5192.0,5594.0],"consensus":[89.4748,45.3858,-80.6855,58.0,36.1643,39.2648,0.0,80.7785,40.6948,48.4252,89.5693,17.5184,0.0,69.5408,21.697,58.7473,16.7562,11.4984,29.8017,13.6,-23.6886,50.4913,9.3881,40.9177,-19.1128,32.8614,27.6196,32.5232,36.0837,-14.8822,-23.4579,-35.6199,-30.6278,37.4462,-8.4319,60.3454,-16.9904,-45.8293,0.0,0.0,18.4385,23.8115,25.4533,19.3388,52.7871,77.1169,44.1008,13.29,45.2944,27.1008,-31.96,60.3225,22.9348,79.8055],"supportDates":["2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","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,41.6028,0.0,76.1035,23.914,35.6737,84.6993,18.8794,0.0,65.1183,36.9843,53.8301,10.0466,12.1417,40.2759,22.7859,-20.9333,47.7437,14.0508,38.3252,-27.0894,41.8057,35.4894,44.638,38.3626,-22.3447,-20.891,-35.2363,-24.1954,45.3979,-14.9207,57.8715,-29.3741,-39.8658,0.0,0.0,24.1855,20.4664,33.4056,20.2481,64.6028,87.5348,34.5045,1.0036,48.3774,40.3161,-24.1064,63.318,15.3245,80.8342],"force":[-80.6855,58.0,3.2935,29.92,0.0,96.6347,19.3638,30.8162,91.5998,29.1634,0.0,86.4586,10.6069,56.0787,14.533,12.2762,18.3974,1.6118,-60.3023,78.9126,9.9086,58.5558,-41.3919,46.0482,20.0345,25.1876,27.6713,-37.6729,-36.8112,-35.2421,-25.5762,54.3354,-21.8104,90.1525,-37.9535,-71.1361,0.0,0.0,21.8869,23.78,17.7726,12.5899,42.677,76.8118,22.3231,39.7299,16.9839,3.5162,-88.6592,82.2524,4.7619,96.0016],"direction":[null,null,64.3484,43.2677,0.0,74.7954,75.1093,75.5762,93.6846,49.307,0.0,62.5109,12.1472,66.2732,46.7737,27.7451,25.9771,13.9675,-0.6848,33.3305,17.8426,31.2819,-5.9169,13.2203,24.0435,23.9174,39.488,-9.9254,-16.8533,-36.3283,-41.5873,16.2948,-8.54,41.8819,-12.136,-34.5683,0.0,0.0,9.4073,27.6569,21.8512,23.1202,46.5049,65.4285,70.6235,65.2029,61.9927,33.8669,-0.436,41.2349,44.6128,67.0611],"intensity":[null,null,50.0,20.0,16.6667,100.0,87.5,11.1111,100.0,90.9091,50.0,84.6154,64.2857,46.6667,37.5,11.7647,27.7778,52.6316,45.0,76.1905,50.0,56.5217,70.8333,52.0,11.5385,22.2222,32.1429,51.7241,60.0,35.4839,21.875,84.8485,82.3529,77.1429,77.7778,81.0811,47.3684,5.1282,55.0,68.2927,2.381,2.3256,65.9091,95.5556,93.4783,82.9787,83.3333,18.3673,62.0,84.3137,80.7692,96.1538],"confirmation":[48.486,41.2267,33.4894,80.2443,29.1592,94.4036,80.628,83.1537,96.7983,33.0507,30.7157,90.836,74.3721,86.7927,30.2777,28.2307,77.0294,49.4256,54.0715,85.0653,27.1255,81.6707,53.2691,78.7813,76.4872,77.9993,79.2557,30.1272,75.9526,79.3927,77.745,80.3763,27.4956,88.2566,31.1428,83.5275,2.3477,24.6489,73.9178,75.6697,75.7898,73.9689,84.4037,92.5093,81.5948,11.2999,81.5844,53.6212,57.4082,87.9259,52.2346,100.0],"persistence":[33.3333,50.0,60.0,66.6667,57.1429,62.5,62.5,62.5,87.5,87.5,75.0,75.0,87.5,87.5,87.5,87.5,87.5,87.5,75.0,75.0,75.0,75.0,50.0,50.0,50.0,50.0,75.0,50.0,25.0,0.0,0.0,0.0,25.0,25.0,50.0,50.0,37.5,25.0,0.0,0.0,25.0,25.0,50.0,75.0,87.5,100.0,100.0,100.0,75.0,75.0,75.0,75.0],"assessmentRisk":[null,null,25.6093,12.5949,39.9272,7.5118,29.1512,25.5002,5.1891,16.287,18.3394,1.8791,58.4413,0.8138,20.9813,0.9276,11.9542,15.0281,2.6747,15.2781,2.4457,5.4126,29.9301,21.7874,21.8089,4.0604,31.5342,21.1095,26.1618,31.1664,34.4806,3.1322,29.9397,19.4545,52.5673,22.3173,10.6072,41.8139,7.4937,34.9461,25.0049,22.9129,21.3073,11.3998,27.9466,43.2911,26.8423,28.2613,33.3405,16.6162,15.7655,9.8818],"volumeParticipation":true,"latest":{"consensus":79.8,"control":80.8,"force":96.0,"direction":67.1,"confirmation":100.0,"persistence":75.0,"assessmentRisk":9.9,"intensity":96.2,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+79.8","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+80.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+96.0","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+67.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"100/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"73.7","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"3.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"43.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"96%","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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envelope","values":[null,null,null,null,null,null,null,null,null,3467.2925,2913.7932,2965.7906,3012.8263,3048.9521,3081.6925,3106.2428,3136.4765,3167.1345,3195.6405,3222.7927,3293.0916,3354.1059,3440.379,3510.9744,3598.5054,3691.8313,3813.4077,3889.0787,3969.7017,4051.8493,4232.849,4268.8656,4344.2263,4355.8929,4363.6082,4351.0348,4354.4108,4353.1809,4356.9761,4362.1582,4383.5243,4383.138,4387.7002,4386.5338,4387.7662,4291.047,4203.5377,4176.1129,4159.4224,4158.7684,4181.1924,4206.7096,4246.4255,4209.9093],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","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"]},{"key":"impulse","eyebrow":"Price 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direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,198.4502,210.4256,220.8403,236.0758,239.2195,236.0248,232.7068,227.7743,214.4338,214.5409,207.5931,206.5645,192.0571,186.7187,182.9411,181.4864,181.7884,172.1956,156.575,136.9084,117.7462,117.9839,112.3184,119.2036,110.5359,94.5479,86.987,83.5221,81.1518,81.6207,80.8386,80.9598,90.0438,126.1491,165.1244,181.9726,191.0249,194.7038,185.4157,192.2394,196.8706,230.3239],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,216.7164,220.5781,223.0038,223.9579,222.0531,220.5506,217.9591,215.6802,210.9556,206.1082,201.4748,197.4771,194.3394,189.9106,183.2435,173.9765,162.7304,153.7811,145.4886,140.2316,134.2924,126.3435,118.4722,111.4822,105.4161,100.657,96.6934,93.5466,92.8461,99.5067,112.6302,126.4987,139.4039,150.4639,157.4543,164.4113,170.9032,182.7873],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,22.5032,15.4468,9.703,3.8164,-7.6193,-6.0097,-10.366,-9.1157,-18.8985,-19.3895,-18.5337,-15.9907,-12.551,-17.7151,-26.6685,-37.068,-44.9842,-35.7972,-33.1702,-21.028,-23.7566,-31.7956,-31.4852,-27.9601,-24.2643,-19.0363,-15.8548,-12.5868,-2.8022,26.6424,52.4942,55.4739,51.621,44.2399,27.9614,27.8281,25.9674,47.5366],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","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"]},{"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,170.5539,161.937,155.4599,116.8069,108.9343,96.3498,326.9995,193.2469,158.0497,91.926,117.8768,28.6818,33.7409,196.149,193.3691,98.1149,290.6013,62.4867,105.8272,9.7759,12.5413,33.084,52.0143,79.348,15.2385,80.2116,47.6455,29.4827,338.2879,20.7259,132.1084,78.5455,34.4984,43.3251,57.3028,2.3029,30.3298,11.9127,45.8083,8.5243,61.4738,44.8969,213.0917,122.2151,131.3187,127.9571,243.3102],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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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,97.4743,84.2851,88.8884,100.0,39.2381,34.5817,48.1357,50.3666,56.6054,52.6364,50.7298,51.949,52.1565,47.6818,56.1384,53.1552,57.5652,50.185,55.5288,54.3914,56.8779,59.1424,53.2932,48.9792,43.2597,39.9417,45.28,40.8692,49.0499,71.2362,52.8179,60.5897,62.368,66.3072,76.1853,75.5187,80.5486,100.0,100.0,98.254,81.9388,79.2894,77.7099,64.9978,85.7092,86.5631,95.8782],"stroke":"#10243b","width":2.0},{"label":"From 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quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,86.3883,85.746,85.2703,84.8286,83.0052,80.5503,77.5578,75.4583,73.5885,71.1826,69.073,65.4201,62.4223,59.7948,56.44,53.8055,51.3592,49.293,48.0229,48.2955,48.9816,48.155,47.0256,45.5784,44.489,43.6475,43.2777,43.8731],"stroke":"#10243b","width":2.0},{"label":"Positive 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pressure","title":"Directional pressure and rotation","description":"Two independent momentum views show whether pressure is broadening, fading or stretched.","reason":"Selected because momentum is stretched and deserves mean-reversion context.","series":[{"label":"Momentum","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,65.4743,66.8414,65.076,64.1988,64.5281,64.5878,62.1584,64.8493,63.1435,64.6248,60.2599,62.2482,62.865,63.7685,64.6736,61.044,58.2563,55.7376,54.7468,60.4704,58.3129,62.3576,56.4161,53.0171,55.2286,56.488,56.9777,58.2466,58.122,58.8374,62.9222,71.9875,74.6807,67.8413,66.6859,65.9646,60.3107,65.4992,65.9357,73.7174],"stroke":"#063b66","width":2.0},{"label":"Rotation","values":[null,null,null,null,null,null,78.615,97.4743,84.2851,88.8884,100.0,39.2381,34.5817,48.1357,47.1392,53.7836,49.35,46.7942,48.1108,46.6852,39.9715,42.2397,37.7314,40.4176,61.5069,79.6381,83.3074,91.9768,90.9182,66.3601,46.9156,29.0494,22.1049,74.6303,60.3626,100.2852,53.9964,27.8014,47.7438,59.13,63.4081,74.1362,73.4122,78.875,100.0,100.0,98.1087,80.1185,77.202,75.4634,61.47,84.006,84.9828,95.5226],"stroke":"#1678a7","width":1.5},{"label":"Rotation 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