{"schema_version":"1.0","name":"TRUT Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"cdcd0b98-3faf-4777-a728-d13279839e49","symbol":"TRUT","name":"VANECK TECHNOLOGY TRUSECTOR ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","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, Range position and boundary pressure, Range pressure and compression, Activity pressure and cumulative balance, Directional strength and control, Drawdown and recovery 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":53,"displayedObservations":53,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","take":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.83536,-1.165872,-1.20539,-1.272469,-1.26654,-1.048105,-0.585056,-0.026452,0.52501,0.906067,1.038261,1.072414,1.08415,1.040982,0.975477,0.913158,0.776212,0.649647,0.570631,0.40002,0.210207,0.094726,-0.054013,-0.123134,-0.122195],"opens":[24.543417,24.613341,24.932995,24.643309,23.53451,24.43,25.43,27.57,28.289461,28.509224,30.407175,30.976561,31.436065,32.744652,31.446054,31.555935,31.975482,30.257337,30.48,30.8,30.32,30.5,30.03,32.26,32.54],"highs":[25.372519,25.54733,25.182725,24.75319,24.36,25.66,27.64,28.45,28.529203,30.417164,31.336172,31.256259,32.534878,33.633592,31.575914,31.945515,32.215223,31.36614,31.2999,31.215,30.94,30.5,32.43,32.67,32.6],"lows":[24.413558,24.553406,23.954056,23.214856,22.8053,23.97,25.39,27.34,27.630173,28.189569,29.867758,30.137367,31.206313,30.72683,29.4582,30.906636,29.827801,29.917604,29.76,29.54,30.085,28.8295,29.9,31.78,31.22],"closes":[24.834802,24.588668,24.105192,23.306956,24.3519,25.507,27.5798,28.4138,28.414626,30.400183,30.784268,31.082846,32.502913,30.791361,30.874171,31.849818,29.987628,30.2402,31.2652,30.1153,30.1913,30.2366,32.3491,32.4021,31.3872],"hoverRows":[[{"label":"Open","value":"24.5","className":"is-ohlc","compact":true},{"label":"High","value":"25.4","className":"is-ohlc","compact":true},{"label":"Low","value":"24.4","className":"is-ohlc","compact":true},{"label":"Close","value":"24.8","className":"is-ohlc","compact":true},{"label":"Market 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The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-15","price":30.784268},{"date":"2026-07-10","price":31.2652}],"reversal_dangers":[{"date":"2026-06-05","price":30.791361},{"date":"2026-07-17","price":30.1153}]}},"smTape":{"available":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","2026-08-21"],"close":[24.3253,24.3038,24.3579,25.1251,25.6487,25.734,26.3099,25.6464,26.1811,26.8978,27.718,26.502,26.6433,25.3842,26.4687,26.8618,26.2469,26.3589,26.8429,26.417,26.4445,26.2557,26.0384,25.9407,25.5943,25.0405,25.4824,24.8609,24.8348,24.5887,24.1052,23.307,24.3519,25.507,27.5798,28.4138,28.4146,30.4002,30.7843,31.0828,32.5029,30.7914,30.8742,31.8498,29.9876,30.2402,31.2652,30.1153,30.1913,30.2366,32.3491,32.4021,31.3872],"consensus":[100.0,-80.1107,78.6568,49.8279,79.5257,43.632,68.2092,0.0,63.3559,78.3588,70.1736,-8.5381,25.4585,-59.8798,39.3995,54.8447,-33.6333,25.558,44.0951,-24.2438,0.0,-13.8087,-15.3771,-21.7079,-33.8131,-56.1015,0.0,-57.989,-24.562,-38.7734,-59.889,-70.0618,16.8551,40.6882,68.0906,65.8236,47.4054,78.0795,53.4909,55.3452,76.0042,-10.7213,24.7969,53.9198,-36.0272,0.0,44.8742,-27.6258,0.0,0.0,56.7381,35.8598,-12.7379],"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,null,33.0182,71.9659,0.0,54.9236,76.0971,59.8362,-23.9867,12.3096,-46.1137,52.3558,55.4098,-27.8705,20.8672,45.3234,-17.0413,0.0,-9.4928,-0.2876,-16.7284,-20.5531,-49.9228,0.0,-50.6228,-18.4918,-38.8081,-52.8481,-66.1,23.5243,42.764,72.0868,74.2872,49.4901,86.6308,51.1135,56.2994,83.5217,-19.0393,24.1625,62.9182,-31.2519,0.0,51.7111,-19.6493,0.0,0.0,62.6854,36.1995,-19.2422],"force":[-80.1107,78.6568,49.8279,52.1888,12.8633,43.5187,0.0,69.4201,80.9641,69.9288,-72.6021,14.173,-91.5543,73.8709,66.457,-81.2081,37.4513,63.3845,-60.5897,0.0,-29.6549,-22.1067,-24.1416,-48.8542,-73.527,0.0,-82.0786,-6.6679,-34.3421,-77.3518,-88.5516,74.9545,58.8262,76.5531,55.5284,20.6193,73.6964,31.2577,30.58,64.5366,-81.3098,3.4989,40.0686,-88.1252,0.0,49.5728,-62.8425,0.0,0.0,65.7817,17.1427,-58.555],"direction":[null,null,null,99.052,77.7397,81.5521,0.0,68.6613,79.0827,82.1625,-54.8775,48.5469,-52.9879,0.0303,45.9045,-6.2372,22.4236,28.9133,-6.5139,0.0,-7.4225,-28.4726,-25.6603,-38.2237,-50.7161,0.0,-49.2007,-44.281,-41.8992,-55.4624,-61.3825,32.2666,25.36,57.4789,63.5045,64.1557,71.4373,72.0889,71.944,75.604,-49.2053,40.7346,53.5296,-4.2718,0.0,33.7044,-11.5869,0.0,0.0,43.4815,48.841,-27.4221],"intensity":[null,null,null,75.0,80.0,66.6667,85.7143,50.0,88.8889,100.0,90.9091,66.6667,84.6154,78.5714,53.3333,37.5,76.4706,77.7778,5.2632,5.0,4.7619,36.3636,69.5652,87.5,36.0,23.0769,48.1481,42.8571,6.8966,43.3333,77.4194,84.375,93.9394,100.0,97.1429,11.1111,97.2973,92.1053,12.8205,90.0,92.6829,97.619,86.0465,90.9091,62.2222,65.2174,70.2128,27.0833,73.4694,100.0,90.1961,59.6154],"confirmation":[48.3021,47.8368,38.6116,69.5319,81.1863,89.0172,39.6626,88.5872,93.1887,90.6056,38.8231,76.0032,88.3366,58.8007,85.8956,57.6337,76.6125,82.6796,54.3088,24.5664,50.3008,50.7591,75.0966,79.4806,86.5777,31.4489,87.4029,52.7403,80.2719,87.804,91.0436,36.6128,81.5414,89.986,88.6208,82.3216,92.7216,84.4757,84.9412,91.8573,38.6191,52.6289,84.6951,58.5225,24.6575,82.3987,78.0351,2.0785,47.575,86.3412,78.8995,24.4008],"persistence":[null,33.3333,50.0,60.0,66.6667,71.4286,62.5,62.5,87.5,87.5,62.5,62.5,37.5,37.5,50.0,25.0,25.0,25.0,25.0,12.5,12.5,12.5,37.5,37.5,62.5,75.0,75.0,87.5,87.5,87.5,87.5,62.5,37.5,25.0,0.0,25.0,50.0,75.0,100.0,100.0,75.0,75.0,75.0,50.0,37.5,37.5,12.5,0.0,12.5,12.5,12.5,12.5],"assessmentRisk":[null,null,null,10.2065,28.1745,15.8951,44.9751,10.4434,10.3437,14.7391,48.4309,20.0272,18.8638,66.4738,4.763,7.5247,30.6418,1.1875,14.7481,10.4999,0.3729,33.8733,21.2751,28.8135,20.6839,43.2424,20.6734,36.432,24.7386,20.0314,14.9646,47.3414,25.5863,15.9354,17.0878,26.2919,10.9574,23.1751,22.0646,11.9887,22.9418,8.1351,4.8549,30.6884,24.7223,6.0245,31.9118,9.8497,3.622,9.0715,30.4412,45.1944],"volumeParticipation":true,"latest":{"consensus":-12.7,"control":-19.2,"force":-58.6,"direction":-27.4,"confirmation":24.4,"persistence":12.5,"assessmentRisk":45.2,"intensity":59.6,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the Market Dynamics view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward Market Dynamics view stronger support.","take":"Current assessment: the visible price structure remains vulnerable until Market Dynamics changes.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":true},"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":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-12.7","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-19.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-58.6","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-27.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"24/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"59.4","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"4.7%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"24.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"79%","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 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