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The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":33.3,"averageReturn":6.5,"sample":3},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 33.3% of comparable cases moved lower after 12 weeks, with an average move of 6.5% across 3 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 4.1% across 3 completed cases, with the largest move arriving after 6.0 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."},{"eyebrow":"Position management","title":"Size for the path, not only the eventual long reward","tone":"positive","finding":"Across 1 completed accumulation cycles, the average gross long opportunity was 28.7%, while the average adverse move was 0.0%.","approach":"Scale exposure only as confirmation improves, and keep enough risk capacity to survive the ticker's observed adverse path.","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":[{"date":"2025-11-28","price":15894.013672}],"reversal_warnings":[{"date":"2026-05-15","price":18325.0}],"reversal_dangers":[{"date":"2026-06-12","price":17780.0}]}},"smTape":{"available":true,"dates":["2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","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":[9443.7422,10301.3564,10430.9961,10715.2061,11737.3643,11443.1816,11792.2109,11552.876,11493.043,11782.2383,12265.8945,12380.5762,12604.9512,13148.4395,12963.9521,13170.2783,13324.9287,13619.2656,13020.6172,13519.4902,13439.6699,13798.8604,14357.5986,14507.2607,14951.2598,15125.8652,14622.002,15539.9307,16128.6299,15724.291,15255.0596,14795.8096,15894.0137,16243.4424,16258.4189,16068.7285,16133.623,15809.1533,16328.3047,16572.9043,16438.125,15828.9521,15434.2275,15684.0527,15918.8887,15823.9551,16073.7812,15853.9346,15749.0078,15454.2129,15349.2861,15604.1084,16523.4668,16988.1426,16800.0,17780.0,18325.0,18470.0,19035.0,19045.0,17780.0,18435.0,17633.2129,17877.9805,17353.4785,16784.0215,15490.2529,15060.0,15705.0,15965.0,14980.0],"consensus":[-80.0,96.0474,-57.3766,39.5701,78.5833,25.6391,59.3367,21.3466,13.1543,52.2553,74.0441,56.5005,65.9629,81.6658,23.957,47.3818,59.026,60.0218,0.0,48.4437,32.7492,53.0827,69.3115,39.2332,68.7823,45.8186,0.0,78.5284,69.6584,8.2648,0.0,-31.4457,52.7967,55.596,45.7075,26.8906,15.887,-11.8105,53.7368,46.0154,25.3445,-32.915,-42.9291,-17.3725,0.0,-11.3071,28.5433,0.0,-14.2613,-29.4868,-16.697,0.0,56.1742,54.7243,10.6705,74.5211,64.8911,58.1516,71.1114,37.4257,-20.2542,22.8175,-35.0757,0.0,-37.5301,-54.3352,-76.9099,-53.0829,-18.05,-14.189,-63.7516],"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":[55.0814,44.2928,68.2783,77.2052,32.2137,78.0671,43.0857,0.0,85.9235,69.7338,0.0322,0.0,-25.9735,71.4343,66.159,53.0482,25.5654,11.7849,-6.4587,60.1125,51.2875,33.1745,-34.1157,-35.446,-11.7759,0.0,-12.3765,30.1493,0.0,-11.7747,-25.5659,-3.3495,0.0,60.27,59.8284,3.116,82.3013,59.7282,63.503,77.2405,29.1343,-26.2769,23.2249,-38.1076,0.0,-45.9013,-53.717,-80.1727,-44.334,-5.4933,-1.9919,-71.3475],"force":[40.1627,10.0783,43.7041,68.5645,20.2173,59.538,22.5603,0.0,87.6964,73.4257,46.3765,0.0,-66.0704,60.316,48.4946,24.0336,0.1103,2.7691,-37.2155,79.1124,41.8679,2.3505,-69.1189,-55.9125,-8.7591,0.0,-15.9129,35.6055,0.0,-12.9386,-25.4458,-0.5433,0.0,70.9649,50.2457,19.6937,81.2627,73.0583,39.7395,64.0909,8.4017,-46.7051,8.6381,-54.3845,0.0,-39.2155,-57.2956,-84.2241,-42.6644,-23.5938,-18.5425,-59.0808],"direction":[46.7729,35.75,42.4153,60.8237,60.8384,64.7741,65.5551,0.0,63.5283,66.8812,56.7765,0.0,-12.9677,26.1257,48.5965,52.7994,47.6914,33.9009,-0.2195,28.3248,42.9528,32.8202,-5.6827,-42.2073,-29.921,0.0,-6.795,21.6635,0.0,-18.0478,-36.8544,-43.4896,0.0,40.9286,52.0902,48.1153,60.8141,64.9579,65.1871,69.1213,67.633,-5.5224,32.48,-17.8186,0.0,-26.7591,-52.9272,-67.9565,-70.5236,-62.1462,-51.5082,-58.4069],"intensity":[84.2105,10.0,61.9048,77.2727,65.2174,58.3333,76.0,69.2308,85.1852,78.5714,48.2759,53.3333,77.4194,93.75,75.7576,29.4118,25.7143,44.4444,70.2703,57.8947,74.359,35.0,73.1707,64.2857,44.186,9.0909,2.2222,15.2174,48.9362,22.9167,42.8571,80.0,76.4706,90.3846,90.3846,11.5385,94.2308,86.5385,5.7692,82.6923,44.2308,100.0,78.8462,78.8462,13.4615,50.0,73.0769,98.0769,96.1538,92.3077,26.9231,90.3846],"confirmation":[83.1485,77.6129,84.4691,90.0366,80.0821,89.5871,81.9948,11.3376,93.2958,90.4043,11.0064,33.8883,79.2012,84.8401,85.4133,81.854,53.1592,50.5019,27.3487,85.872,82.5182,52.6235,56.9512,82.247,73.382,25.0368,49.0757,77.3246,0.4989,72.5612,77.3724,27.7208,28.9729,86.3641,85.2975,7.5653,91.9337,89.0927,85.9658,90.4483,79.218,53.7071,74.8633,79.7665,2.4039,79.9334,85.4869,92.7844,84.8023,9.7315,7.6846,96.1424],"persistence":[87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,50.0,50.0,50.0,62.5,62.5,62.5,37.5,50.0,75.0,75.0,50.0,25.0,0.0,12.5,12.5,12.5,25.0,50.0,50.0,50.0,37.5,25.0,0.0,0.0,12.5,37.5,62.5,87.5,100.0,75.0,75.0,50.0,37.5,12.5,12.5,37.5,62.5,62.5,87.5,87.5],"assessmentRisk":[15.8634,1.6117,0.018,15.3213,30.2183,15.6018,27.0682,31.582,10.1918,14.8514,39.568,44.9587,30.5108,47.5622,10.4367,25.139,35.8573,13.8229,28.3518,20.3293,15.1049,16.5143,18.5968,26.4958,39.4603,40.2452,4.8537,34.2481,24.5065,18.0283,26.607,40.8027,38.3913,20.3778,22.5996,44.6397,12.7377,17.5398,20.8538,14.4425,31.063,27.1041,14.4368,31.3483,47.1694,10.0789,22.3016,11.3161,23.4228,40.2275,35.312,0.1359],"volumeParticipation":true,"latest":{"consensus":-63.8,"control":-71.3,"force":-59.1,"direction":-58.4,"confirmation":96.1,"persistence":87.5,"assessmentRisk":0.1,"intensity":90.4,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-63.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-71.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-59.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-58.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"96/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"40.0","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.3%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"23.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"15%","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":[9443.7422,10301.3564,10430.9961,10715.2061,11737.3643,11443.1816,11792.2109,11552.876,11493.043,11782.2383,12265.8945,12380.5762,12604.9512,13148.4395,12963.9521,13170.2783,13324.9287,13619.2656,13020.6172,13519.4902,13439.6699,13798.8604,14357.5986,14507.2607,14951.2598,15125.8652,14622.002,15539.9307,16128.6299,15724.291,15255.0596,14795.8096,15894.0137,16243.4424,16258.4189,16068.7285,16133.623,15809.1533,16328.3047,16572.9043,16438.125,15828.9521,15434.2275,15684.0527,15918.8887,15823.9551,16073.7812,15853.9346,15749.0078,15454.2129,15349.2861,15604.1084,16523.4668,16988.1426,16800.0,17780.0,18325.0,18470.0,19035.0,19045.0,17780.0,18435.0,17633.2129,17877.9805,17353.4785,16784.0215,15490.2529,15060.0,15705.0,15965.0,14980.0],"stroke":"#10243b","width":2.1},{"label":"Fast 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leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative 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