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positive","kind":"disagreement","expectedDirection":"higher","episodes":3,"completedEpisodes":2,"activeEpisodes":1,"medianExpectedMove":12.4,"averageExpectedMove":12.4,"averageWeeksToLargestMove":2.5,"horizons":[{"weeks":4,"sample":3,"expectedCount":2,"expectedPercent":66.7,"averageReturn":5.3,"medianReturn":2.3,"confidenceLow":20.8,"confidenceHigh":93.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-10.8,"medianReturn":-10.8,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":3.4,"sample":3},{"week":2,"averageReturn":4.8,"sample":3},{"week":3,"averageReturn":3.2,"sample":3},{"week":4,"averageReturn":5.3,"sample":3},{"week":5,"averageReturn":-1.5,"sample":3},{"week":6,"averageReturn":-5.8,"sample":3},{"week":7,"averageReturn":-1.0,"sample":3},{"week":8,"averageReturn":-5.8,"sample":3},{"week":9,"averageReturn":-1.3,"sample":3},{"week":10,"averageReturn":-0.6,"sample":3},{"week":11,"averageReturn":-1.6,"sample":3},{"week":12,"averageReturn":-10.8,"sample":2},{"week":13,"averageReturn":-10.0,"sample":2},{"week":14,"averageReturn":-6.3,"sample":2},{"week":15,"averageReturn":-5.3,"sample":2},{"week":16,"averageReturn":-1.0,"sample":2},{"week":17,"averageReturn":-16.1,"sample":1},{"week":18,"averageReturn":-12.2,"sample":1},{"week":19,"averageReturn":-13.1,"sample":1},{"week":20,"averageReturn":0.9,"sample":1},{"week":21,"averageReturn":1.4,"sample":1},{"week":22,"averageReturn":13.9,"sample":1},{"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":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":25.2,"averageExpectedMove":25.2,"averageWeeksToLargestMove":3.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-22.1,"medianReturn":-22.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-23.7,"medianReturn":-23.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-7.8,"sample":1},{"week":2,"averageReturn":-13.5,"sample":1},{"week":3,"averageReturn":-25.2,"sample":1},{"week":4,"averageReturn":-22.1,"sample":1},{"week":5,"averageReturn":-15.6,"sample":1},{"week":6,"averageReturn":-12.7,"sample":1},{"week":7,"averageReturn":-12.4,"sample":1},{"week":8,"averageReturn":-17.0,"sample":1},{"week":9,"averageReturn":-22.0,"sample":1},{"week":10,"averageReturn":-16.0,"sample":1},{"week":11,"averageReturn":-21.7,"sample":1},{"week":12,"averageReturn":-23.7,"sample":1},{"week":13,"averageReturn":-20.2,"sample":1},{"week":14,"averageReturn":-28.5,"sample":1},{"week":15,"averageReturn":-29.6,"sample":1},{"week":16,"averageReturn":-27.7,"sample":1},{"week":17,"averageReturn":-32.1,"sample":1},{"week":18,"averageReturn":-31.0,"sample":1},{"week":19,"averageReturn":-33.5,"sample":1},{"week":20,"averageReturn":-37.2,"sample":1},{"week":21,"averageReturn":-34.3,"sample":1},{"week":22,"averageReturn":-35.0,"sample":1},{"week":23,"averageReturn":-24.5,"sample":1},{"week":24,"averageReturn":-24.1,"sample":1},{"week":25,"averageReturn":-14.8,"sample":1},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","zone":"middle","zoneContext":"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.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","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":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-02-27","price":21.390472}],"reversal_dangers":[{"date":"2026-03-06","price":19.725619}]}},"smTape":{"available":true,"dates":["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":[20.0741,21.3905,19.7256,18.4939,16.0003,16.6584,18.0592,18.6808,18.7401,17.7516,16.6951,17.9643,16.7505,16.3229,17.0793,15.2885,15.069,15.4743,14.5139,14.7501,14.2259,13.4308,14.0554,13.8969,16.149,16.2298,18.22],"consensus":[100.0,99.3604,-62.0318,-58.0,-82.1019,-27.2609,0.0,15.6697,14.381,-34.6555,-62.1775,12.94,-67.293,-54.8057,9.6021,-80.0666,-34.0033,-31.2582,-54.4343,-13.1944,-46.1908,-61.1499,0.0,-33.1898,58.5116,24.7691,75.9115],"supportDates":["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,-8.4428,0.0,18.5097,4.5684,-49.9001,-61.6261,28.1235,-56.5823,-53.7759,12.7077,-77.46,-26.3014,-34.1662,-51.6112,-5.8009,-45.5858,-58.6725,0.0,-32.7548,51.8754,16.4722,74.4401],"force":[100.0,99.3604,-62.0318,-58.0,-57.3793,-12.7994,0.0,35.5345,18.0415,-42.3775,-56.1181,46.6101,-90.2047,-43.986,39.2142,-94.1052,-15.3377,-8.4937,-54.2192,-16.3799,-43.7827,-67.7782,0.0,-18.447,96.9095,13.3723,96.5473],"direction":[null,null,null,null,-99.7609,-77.3819,0.0,1.7651,22.9808,-11.7173,-67.1357,28.4627,-63.1684,-63.7109,15.0986,-73.0181,-56.1381,-44.1951,-57.8143,-42.7685,-48.6023,-59.2468,0.0,-44.2175,38.6687,42.3919,62.8531],"intensity":[null,null,null,null,100.0,80.0,33.3333,28.5714,12.5,22.2222,30.0,36.3636,33.3333,69.2308,14.2857,93.3333,37.5,58.8235,66.6667,5.2632,15.0,23.8095,18.1818,4.3478,95.8333,92.0,88.4615],"confirmation":[54.6667,54.462,42.5169,41.2267,70.4758,33.1866,33.0746,51.2863,50.1963,79.0928,87.7205,33.6743,90.3952,85.2238,29.8155,94.0889,78.4296,77.2645,85.4554,6.9279,82.7169,87.8077,7.9105,78.1781,87.9951,75.7052,55.0],"persistence":[null,null,33.3333,0.0,20.0,33.3333,28.5714,12.5,12.5,37.5,37.5,12.5,12.5,12.5,0.0,25.0,50.0,50.0,50.0,75.0,75.0,75.0,87.5,87.5,62.5,37.5,12.5],"assessmentRisk":[null,null,null,null,8.625,36.2311,37.7222,1.4336,41.0603,51.5011,8.5569,31.6864,12.2016,13.8498,11.0546,8.8997,27.8622,19.6681,22.2765,20.8782,15.1647,18.6809,20.8049,22.0582,18.7232,37.3539,12.0008],"volumeParticipation":true,"latest":{"consensus":75.9,"control":74.4,"force":96.5,"direction":62.9,"confirmation":55.0,"persistence":12.5,"assessmentRisk":12.0,"intensity":88.5,"evidenceDepth":100},"analysis":{"status":"Completed tape has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Completed tape","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":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+75.9","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+74.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+96.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+62.9","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"66.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"7.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"24.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"59%","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 is rotating through its trend references.","series":[{"label":"Close","values":[20.0741,21.3905,19.7256,18.4939,16.0003,16.6584,18.0592,18.6808,18.7401,17.7516,16.6951,17.9643,16.7505,16.3229,17.0793,15.2885,15.069,15.4743,14.5139,14.7501,14.2259,13.4308,14.0554,13.8969,16.149,16.2298,18.22],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,19.187,18.7273,18.6058,18.6194,18.6414,18.4796,18.1551,18.1204,17.8714,17.5898,17.497,17.0955,16.727,16.4992,16.1383,15.8859,15.5841,15.1926,14.9858,14.7878,15.0353,15.2525,15.792],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,18.7557,18.5755,18.4647,18.2294,17.9953,17.8086,17.5645,17.3561,17.1242,16.8506,16.6436,16.4401,16.4185,16.4046,16.539],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,21.5765,21.4594,21.3026,21.1895,21.11,20.9837,21.0104,21.0212,20.9598,20.9791,20.9434,20.6439,19.962,19.5244,19.2917,19.2991,19.2676,19.2964],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,15.5384,15.3169,15.403,15.2696,15.0768,15.0679,14.699,14.3605,14.1756,13.8348,13.6048,13.3195,13.2054,13.076,12.8491,12.8565,12.8451,12.8324],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,64.4828,70.2026,83.218,63.7387,48.5471,153.3781,109.3973,48.9248,147.4696,90.814,51.2815,99.826,57.4071,141.3578,170.3966,84.4577,102.3143,155.4687,137.1195,171.0425],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,123.8139,115.5459,121.5619,101.6705,87.3797,93.5459,74.3522,65.0,71.0375,65.0,70.6822,65.0,65.0,69.8048,65.0,74.0308,82.0651,92.215],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 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,-0.728,-0.8101,-0.8048,-0.9344,-1.0427,-1.0834,-1.1796,-1.2226,-1.2842,-1.3813,-1.3917,-1.3967,-1.2051,-1.0347,-0.7307],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.8422,-0.8905,-0.9483,-1.0032,-1.0594,-1.1237,-1.1773,-1.2212,-1.218,-1.1813,-1.0912],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.2005,-0.193,-0.2313,-0.2195,-0.2248,-0.2575,-0.2144,-0.1755,0.0129,0.1466,0.3605],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-7.7832,-13.5413,-25.199,-22.1221,-15.5736,-12.6678,-12.3902,-17.0117,-21.951,-16.0173,-21.6919,-23.6908,-20.1546,-28.5264,-29.5528,-27.6581,-32.1476,-31.0435,-33.4941,-37.2114,-34.2913,-35.0322,-24.5038,-24.1261,-14.8219],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,16.7527,17.1238,10.9455,4.3423,12.2749,4.6886,2.0164,6.7439,0.0,0.0,2.6895,0.0,1.6272,0.0,0.0,4.6507,3.4707,20.2387,20.8403,35.6586],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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