{"schema_version":"1.0","name":"ZXLY-F Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"c0c6cd2f-36d2-40e2-bce9-ac5459704eec","symbol":"ZXLY-F","name":"BMO SPDR Consumer Discretionary Select Sector Index ETFH","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Strength versus the research benchmark, Activity pressure and cumulative balance, Range position and boundary pressure, 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":"2026-08-14","observations":80,"displayedObservations":80,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.940979,1.344388,1.4765,1.507541,1.630415,1.62367,1.641484,1.46904,1.071408,0.869359,0.442991,0.177453,0.085074,-0.223412,-0.308467,-0.273894,-0.196051,-0.060975,0.162564,0.095784,0.101026,0.225579,0.228692,0.282158,0.05818,-0.373647,-0.652014,-0.840867,-0.914812,-0.846142,-0.902029,-0.929649,-0.878188,-0.786033,-0.58771,-0.332336,-0.137547,0.053869,0.122714,0.212165,0.43591,0.435154,0.460135,0.390541,0.207667,0.200483,0.123732,0.09106,-0.185598,-0.254863,-0.242433,-0.291331],"opens":[29.608164,30.155357,29.93648,30.364286,30.841837,31.170153,30.981121,30.971172,29.598215,30.274746,30.702551,31.309439,30.423979,29.677805,29.468878,30.453827,30.344387,31.408929,31.508419,31.180102,31.02,32.040001,31.49,31.65,31.16,30.290001,29.690001,30.129999,29.92,28.99,28.84,27.58,27.07,27.85,28.860001,30.5,30.34,30.27,30.68,29.18,30.4,29.879999,29.52,29.84,29.219999,29.85,29.719999,29.85,29.4,28.190001,29.99,30.35],"highs":[29.757399,30.274746,30.394133,30.652805,31.289541,31.170153,31.120409,31.00102,30.274746,30.951277,31.279593,31.309439,30.831888,29.866837,30.354338,30.861734,31.160204,31.528316,31.59796,31.280001,31.620001,32.040001,31.540001,31.65,31.41,30.43,30.24,30.129999,29.92,29.360001,28.84,28.32,28.120001,28.889999,31.059999,30.57,30.34,30.68,30.68,30.549999,31.1,29.879999,29.52,29.84,29.24,29.85,29.719999,29.85,29.4,29.57,30.48,30.35],"lows":[29.289797,30.145407,29.727551,30.284695,30.841837,30.553316,30.941326,30.394133,29.598215,30.274746,30.205103,30.384184,29.926531,28.553572,29.458929,30.443878,30.344387,31.040817,31.458673,30.77,30.98,31.540001,30.639999,31.15,30.16,29.85,29.690001,29.450001,29.360001,28.65,27.84,27.1,27.07,27.48,28.860001,30.08,29.84,30.040001,29.73,29.18,30.35,29.879999,29.370001,29.84,29.219999,29.85,29.719999,29.49,27.690001,28.190001,29.99,29.959999],"closes":[29.289797,30.274746,30.394133,30.652805,31.080612,30.553316,30.941326,30.394133,30.016071,30.702551,30.205103,30.384184,29.926531,29.051022,30.354338,30.861734,31.160204,31.528316,31.458673,30.77,31.620001,31.559999,31.540001,31.15,30.16,29.85,30.1,29.92,29.42,28.65,27.84,27.1,27.76,28.85,30.85,30.08,30.23,30.549999,29.73,30.549999,30.879999,29.879999,29.41,29.84,29.24,29.85,29.719999,29.84,27.690001,29.559999,30.48,30.1],"hoverRows":[[{"label":"Open","value":"29.6","className":"is-ohlc","compact":true},{"label":"High","value":"29.8","className":"is-ohlc","compact":true},{"label":"Low","value":"29.3","className":"is-ohlc","compact":true},{"label":"Close","value":"29.3","className":"is-ohlc","compact":true},{"label":"Market 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history."},"events":{"positioning_recoveries":[{"date":"2026-05-08","price":30.549999}],"reversal_warnings":[{"date":"2025-08-29","price":30.274746},{"date":"2025-11-28","price":30.354338},{"date":"2026-02-20","price":30.1},{"date":"2026-04-17","price":30.85},{"date":"2026-08-07","price":30.48}],"reversal_dangers":[{"date":"2025-10-31","price":30.205103},{"date":"2025-12-05","price":30.861734},{"date":"2026-02-27","price":29.92},{"date":"2026-04-24","price":30.08},{"date":"2026-08-14","price":30.1}]}},"smTape":{"available":true,"dates":["2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","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"],"close":[29.5982,29.5684,29.1903,27.6482,26.2852,25.0217,25.5589,26.5041,24.9023,24.4546,23.9173,25.2306,26.0962,26.3051,28.0064,27.2602,27.887,27.1607,27.6681,27.0413,27.9168,28.673,28.6829,28.7128,29.0311,28.673,28.8719,29.7176,29.2898,30.2747,30.3941,30.6528,31.0806,30.5533,30.9413,30.3941,30.0161,30.7026,30.2051,30.3842,29.9265,29.051,30.3543,30.8617,31.1602,31.5283,31.4587,30.77,31.62,31.56,31.54,31.15,30.16,29.85,30.1,29.92,29.42,28.65,27.84,27.1,27.76,28.85,30.85,30.08,30.23,30.55,29.73,30.55,30.88,29.88,29.41,29.84,29.24,29.85,29.72,29.84,27.69,29.56,30.48,30.1],"consensus":[-100.0,100.0,-100.0,-100.0,-99.9959,-87.2438,-37.0793,-22.602,-82.6368,-43.2667,-79.2719,0.0,39.0216,33.691,68.7396,0.0,64.5669,0.0,23.9152,-19.2457,47.4344,73.2661,48.4472,44.1878,47.256,0.0,41.352,74.0766,0.0,74.8742,57.2076,63.1544,61.7565,0.0,37.3269,-16.1358,-9.4494,48.5137,-33.0139,0.0,-35.2746,-57.6215,46.2992,54.0929,54.6817,59.1457,15.049,-29.6698,59.8798,0.0,23.0615,-11.8722,-62.4675,-54.8436,0.0,-32.1132,-64.4372,-74.9126,-81.9933,-79.9225,-9.3862,27.815,66.1222,-10.4018,32.2461,42.9714,-37.9909,50.7094,46.0615,-20.5897,-35.5924,0.0,-24.8081,11.3796,0.0,12.7972,-68.0929,35.3726,55.5827,-0.8451],"supportDates":["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"],"control":[0.0,75.974,61.794,66.3208,51.0148,0.0,20.0135,-20.0866,-1.6388,48.3329,-24.4949,0.0,-32.4728,-47.9583,49.9688,57.7936,54.3885,58.7175,3.0952,-29.7532,66.6254,0.0,27.3948,-25.4854,-55.2451,-57.355,0.0,-23.0657,-62.2082,-75.2474,-83.3527,-79.3689,-1.7147,30.198,61.0611,-19.5985,30.5507,43.6631,-35.5115,50.7141,43.0591,-20.8932,-37.6489,0.0,-10.4062,15.7693,0.0,19.4555,-76.4281,41.6018,62.9797,-3.9705],"force":[0.0,84.8064,37.8798,56.1411,69.2044,0.0,39.0934,-61.1881,-26.6066,70.9249,-82.4345,0.0,-74.2251,-81.1464,86.2022,77.2999,67.9952,69.2956,12.8463,-77.6847,75.7649,0.0,12.8341,-29.6216,-94.413,-51.2124,0.0,-21.6645,-80.5831,-86.6021,-93.5886,-87.8781,-60.135,85.8225,96.7213,-64.0461,21.3939,35.3075,-74.6206,72.4964,54.843,-30.804,-50.275,0.0,-26.8067,18.8284,0.0,17.4355,-65.0454,84.1277,66.9277,-19.4888],"direction":[0.0,66.5229,65.7716,64.5451,68.7128,0.0,55.8518,-20.5595,-9.8665,32.7123,-7.4495,0.0,-10.6547,-51.8616,13.6031,33.287,45.507,52.3851,48.6356,-4.7219,40.824,0.0,25.4143,-16.3639,-47.9036,-54.567,0.0,-49.9167,-55.452,-66.1804,-72.1573,-74.8725,-67.8116,16.3424,50.0499,-38.4259,41.9352,47.655,-14.6605,35.1418,43.2203,-12.9469,-22.7546,0.0,-39.8398,1.0423,0.0,1.8747,-60.7437,6.5717,39.0253,-20.873],"intensity":[21.4286,62.069,20.0,35.4839,43.75,30.303,14.7059,34.2857,55.5556,51.3514,26.3158,5.1282,27.5,87.8049,80.9524,69.7674,9.0909,53.3333,21.7391,53.1915,60.4167,40.8163,66.0,31.3725,75.0,69.2308,7.6923,7.6923,28.8462,59.6154,63.4615,59.6154,50.0,90.3846,100.0,92.3077,9.61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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":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-0.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-4.0","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-19.5","detail":"Downward 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