{"schema_version":"1.0","name":"VTP Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"cfe0e3cc-f13f-44c4-bfa7-7a6c9fbf0dbe","symbol":"VTP","name":"VANGUARD TOTAL INFLATION-PROTECTION SECURITIES ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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, Activity pressure and cumulative balance, Strength versus the research benchmark, Range position and boundary pressure, Directional strength and control, Acceleration, deceleration and rollover."},{"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":59,"displayedObservations":59,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.213631,-0.257995,-0.196096,-0.040931,0.162652,0.359349,0.498417,0.576544,0.478604,0.21645,0.038406,-0.132364,0.016411,0.298963,0.091843,-0.043235,-0.464958,-0.824843,-0.785989,-0.793109,-0.763603,-0.838615,-0.912686,-0.892944,-0.777069,-0.748675,-0.761171,-0.774078,-0.787957,-0.773882,-0.663888],"opens":[75.610323,75.990024,75.990024,76.069961,76.609535,76.649503,77.029203,76.72944,76.529598,75.88011,75.970039,76.37,76.52,76.78,75.896992,75.946334,76.08449,75.512129,75.689758,75.926597,75.670022,75.975939,75.482524,75.847651,75.64,75.41,75.54,75.06,75.15,75.2,75.17],"highs":[75.890103,76.284791,76.178875,76.667689,76.829361,77.129125,77.029203,77.708667,76.829361,76.015004,76.38,76.54,77.0,77.25,76.153568,76.202909,76.109161,76.138765,76.281856,76.08449,75.818046,76.074622,75.832849,77.399,75.71,75.63,75.54,75.38,75.4298,75.44,75.605],"lows":[75.520394,75.870118,75.810166,76.069961,76.459653,76.569566,76.449661,76.189866,75.930071,75.485422,75.930071,75.5001,76.45,76.59,75.709495,75.832849,75.485584,75.082859,75.581207,75.492393,75.447985,75.344368,75.245686,75.49,75.37,75.24,75.015,74.91,75.095,75.12,75.05],"closes":[75.88011,76.034988,76.160189,76.658496,76.569566,77.009619,76.689472,76.306674,75.930071,75.530386,76.37,76.45,76.76,76.9277,76.038997,76.099292,75.531866,75.364105,75.971005,75.521998,75.758836,75.598082,75.827914,75.78,75.48,75.53,75.03,75.08,75.29,75.225,75.315],"hoverRows":[[{"label":"Open","value":"75.6","className":"is-ohlc","compact":true},{"label":"High","value":"75.9","className":"is-ohlc","compact":true},{"label":"Low","value":"75.5","className":"is-ohlc","compact":true},{"label":"Close","value":"75.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.21","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.0","className":"is-ohlc","compact":true},{"label":"High","value":"76.3","className":"is-ohlc","compact":true},{"label":"Low","value":"75.9","className":"is-ohlc","compact":true},{"label":"Close","value":"76.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.26","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.0","className":"is-ohlc","compact":true},{"label":"High","value":"76.2","className":"is-ohlc","compact":true},{"label":"Low","value":"75.8","className":"is-ohlc","compact":true},{"label":"Close","value":"76.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.20","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.1","className":"is-ohlc","compact":true},{"label":"High","value":"76.7","className":"is-ohlc","compact":true},{"label":"Low","value":"76.1","className":"is-ohlc","compact":true},{"label":"Close","value":"76.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.04","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.6","className":"is-ohlc","compact":true},{"label":"High","value":"76.8","className":"is-ohlc","compact":true},{"label":"Low","value":"76.5","className":"is-ohlc","compact":true},{"label":"Close","value":"76.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.16","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.6","className":"is-ohlc","compact":true},{"label":"High","value":"77.1","className":"is-ohlc","compact":true},{"label":"Low","value":"76.6","className":"is-ohlc","compact":true},{"label":"Close","value":"77.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.36","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"77.0","className":"is-ohlc","compact":true},{"label":"High","value":"77.0","className":"is-ohlc","compact":true},{"label":"Low","value":"76.4","className":"is-ohlc","compact":true},{"label":"Close","value":"76.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.50","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.7","className":"is-ohlc","compact":true},{"label":"High","value":"77.7","className":"is-ohlc","compact":true},{"label":"Low","value":"76.2","className":"is-ohlc","compact":true},{"label":"Close","value":"76.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.58","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.5","className":"is-ohlc","compact":true},{"label":"High","value":"76.8","className":"is-ohlc","compact":true},{"label":"Low","value":"75.9","className":"is-ohlc","compact":true},{"label":"Close","value":"75.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.48","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.9","className":"is-ohlc","compact":true},{"label":"High","value":"76.0","className":"is-ohlc","compact":true},{"label":"Low","value":"75.5","className":"is-ohlc","compact":true},{"label":"Close","value":"75.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.22","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.0","className":"is-ohlc","compact":true},{"label":"High","value":"76.4","className":"is-ohlc","compact":true},{"label":"Low","value":"75.9","className":"is-ohlc","compact":true},{"label":"Close","value":"76.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.04","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.4","className":"is-ohlc","compact":true},{"label":"High","value":"76.5","className":"is-ohlc","compact":true},{"label":"Low","value":"75.5","className":"is-ohlc","compact":true},{"label":"Close","value":"76.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.13","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.5","className":"is-ohlc","compact":true},{"label":"High","value":"77.0","className":"is-ohlc","compact":true},{"label":"Low","value":"76.5","className":"is-ohlc","compact":true},{"label":"Close","value":"76.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.02","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.8","className":"is-ohlc","compact":true},{"label":"High","value":"77.2","className":"is-ohlc","compact":true},{"label":"Low","value":"76.6","className":"is-ohlc","compact":true},{"label":"Close","value":"76.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.30","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.9","className":"is-ohlc","compact":true},{"label":"High","value":"76.2","className":"is-ohlc","compact":true},{"label":"Low","value":"75.7","className":"is-ohlc","compact":true},{"label":"Close","value":"76.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.09","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.9","className":"is-ohlc","compact":true},{"label":"High","value":"76.2","className":"is-ohlc","compact":true},{"label":"Low","value":"75.8","className":"is-ohlc","compact":true},{"label":"Close","value":"76.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.04","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.1","className":"is-ohlc","compact":true},{"label":"High","value":"76.1","className":"is-ohlc","compact":true},{"label":"Low","value":"75.5","className":"is-ohlc","compact":true},{"label":"Close","value":"75.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.46","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.5","className":"is-ohlc","compact":true},{"label":"High","value":"76.1","className":"is-ohlc","compact":true},{"label":"Low","value":"75.1","className":"is-ohlc","compact":true},{"label":"Close","value":"75.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.82","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.7","className":"is-ohlc","compact":true},{"label":"High","value":"76.3","className":"is-ohlc","compact":true},{"label":"Low","value":"75.6","className":"is-ohlc","compact":true},{"label":"Close","value":"76.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.79","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.9","className":"is-ohlc","compact":true},{"label":"High","value":"76.1","className":"is-ohlc","compact":true},{"label":"Low","value":"75.5","className":"is-ohlc","compact":true},{"label":"Close","value":"75.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.79","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.7","className":"is-ohlc","compact":true},{"label":"High","value":"75.8","className":"is-ohlc","compact":true},{"label":"Low","value":"75.4","className":"is-ohlc","compact":true},{"label":"Close","value":"75.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.76","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"76.0","className":"is-ohlc","compact":true},{"label":"High","value":"76.1","className":"is-ohlc","compact":true},{"label":"Low","value":"75.3","className":"is-ohlc","compact":true},{"label":"Close","value":"75.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.84","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.5","className":"is-ohlc","compact":true},{"label":"High","value":"75.8","className":"is-ohlc","compact":true},{"label":"Low","value":"75.2","className":"is-ohlc","compact":true},{"label":"Close","value":"75.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.91","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.8","className":"is-ohlc","compact":true},{"label":"High","value":"77.4","className":"is-ohlc","compact":true},{"label":"Low","value":"75.5","className":"is-ohlc","compact":true},{"label":"Close","value":"75.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.89","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.6","className":"is-ohlc","compact":true},{"label":"High","value":"75.7","className":"is-ohlc","compact":true},{"label":"Low","value":"75.4","className":"is-ohlc","compact":true},{"label":"Close","value":"75.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.78","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.4","className":"is-ohlc","compact":true},{"label":"High","value":"75.6","className":"is-ohlc","compact":true},{"label":"Low","value":"75.2","className":"is-ohlc","compact":true},{"label":"Close","value":"75.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.75","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.5","className":"is-ohlc","compact":true},{"label":"High","value":"75.5","className":"is-ohlc","compact":true},{"label":"Low","value":"75.0","className":"is-ohlc","compact":true},{"label":"Close","value":"75.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.76","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.1","className":"is-ohlc","compact":true},{"label":"High","value":"75.4","className":"is-ohlc","compact":true},{"label":"Low","value":"74.9","className":"is-ohlc","compact":true},{"label":"Close","value":"75.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.77","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.2","className":"is-ohlc","compact":true},{"label":"High","value":"75.4","className":"is-ohlc","compact":true},{"label":"Low","value":"75.1","className":"is-ohlc","compact":true},{"label":"Close","value":"75.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.79","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.2","className":"is-ohlc","compact":true},{"label":"High","value":"75.4","className":"is-ohlc","compact":true},{"label":"Low","value":"75.1","className":"is-ohlc","compact":true},{"label":"Close","value":"75.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.77","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"75.2","className":"is-ohlc","compact":true},{"label":"High","value":"75.6","className":"is-ohlc","compact":true},{"label":"Low","value":"75.0","className":"is-ohlc","compact":true},{"label":"Close","value":"75.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.66","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[74.911223,77.128396],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.663888,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":31,"relationship":{"sameWeekCorrelation":0.34,"forwardCorrelation":-0.06,"directionalAgreement":30.8,"sample":26,"correlationSample":30,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":0.4,"averageReturn":0.4,"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":0.1,"sample":1},{"week":2,"averageReturn":0.3,"sample":1},{"week":3,"averageReturn":0.3,"sample":1},{"week":4,"averageReturn":0.4,"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}]},"distribution":{"label":"Distribution","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1.0,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-2.0,"averageReturn":-2.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"medianReturn":-2.0,"averageReturn":-2.0,"confidenceLow":34.2,"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":-0.8,"sample":2},{"week":2,"averageReturn":-1.0,"sample":2},{"week":3,"averageReturn":-1.6,"sample":2},{"week":4,"averageReturn":-2.0,"sample":2},{"week":5,"averageReturn":-1.0,"sample":2},{"week":6,"averageReturn":-1.3,"sample":2},{"week":7,"averageReturn":-0.9,"sample":2},{"week":8,"averageReturn":-0.9,"sample":2},{"week":9,"averageReturn":-1.3,"sample":2},{"week":10,"averageReturn":-1.3,"sample":2},{"week":11,"averageReturn":-1.9,"sample":2},{"week":12,"averageReturn":-2.0,"sample":2},{"week":13,"averageReturn":-1.9,"sample":2},{"week":14,"averageReturn":-2.2,"sample":2},{"week":15,"averageReturn":-1.9,"sample":2},{"week":16,"averageReturn":-2.0,"sample":2},{"week":17,"averageReturn":-1.8,"sample":2},{"week":18,"averageReturn":-1.6,"sample":1},{"week":19,"averageReturn":-2.0,"sample":1},{"week":20,"averageReturn":-1.9,"sample":1},{"week":21,"averageReturn":-2.6,"sample":1},{"week":22,"averageReturn":-2.5,"sample":1},{"week":23,"averageReturn":-2.2,"sample":1},{"week":24,"averageReturn":-2.3,"sample":1},{"week":25,"averageReturn":-2.2,"sample":1},{"week":26,"sample":0}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":0.4,"averageExpectedMove":0.4,"averageWeeksToLargestMove":1.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-1.2,"medianReturn":-1.2,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-1.5,"medianReturn":-1.5,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-1.6,"medianReturn":-1.6,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.4,"sample":2},{"week":2,"averageReturn":-0.4,"sample":2},{"week":3,"averageReturn":-0.6,"sample":2},{"week":4,"averageReturn":-1.2,"sample":2},{"week":5,"averageReturn":-1.6,"sample":2},{"week":6,"averageReturn":-0.6,"sample":2},{"week":7,"averageReturn":-0.9,"sample":2},{"week":8,"averageReturn":-0.5,"sample":2},{"week":9,"averageReturn":-0.5,"sample":2},{"week":10,"averageReturn":-1.0,"sample":2},{"week":11,"averageReturn":-0.9,"sample":2},{"week":12,"averageReturn":-1.5,"sample":2},{"week":13,"averageReturn":-1.6,"sample":2},{"week":14,"averageReturn":-1.5,"sample":2},{"week":15,"averageReturn":-1.8,"sample":2},{"week":16,"averageReturn":-1.5,"sample":2},{"week":17,"averageReturn":-1.6,"sample":2},{"week":18,"averageReturn":-1.4,"sample":2},{"week":19,"averageReturn":-1.0,"sample":1},{"week":20,"averageReturn":-1.4,"sample":1},{"week":21,"averageReturn":-1.4,"sample":1},{"week":22,"averageReturn":-2.0,"sample":1},{"week":23,"averageReturn":-1.9,"sample":1},{"week":24,"averageReturn":-1.7,"sample":1},{"week":25,"averageReturn":-1.8,"sample":1},{"week":26,"averageReturn":-1.6,"sample":1}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":3,"completedEpisodes":1,"activeEpisodes":2,"medianExpectedMove":1.4,"averageExpectedMove":1.4,"averageWeeksToLargestMove":11.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-0.7,"medianReturn":-0.8,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-1.3,"medianReturn":-1.3,"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":-0.2,"sample":3},{"week":2,"averageReturn":-0.7,"sample":3},{"week":3,"averageReturn":-0.4,"sample":3},{"week":4,"averageReturn":-0.7,"sample":3},{"week":5,"averageReturn":-0.6,"sample":3},{"week":6,"averageReturn":-0.5,"sample":3},{"week":7,"averageReturn":-0.6,"sample":2},{"week":8,"averageReturn":-0.5,"sample":2},{"week":9,"averageReturn":-0.8,"sample":1},{"week":10,"averageReturn":-0.7,"sample":1},{"week":11,"averageReturn":-1.4,"sample":1},{"week":12,"averageReturn":-1.3,"sample":1},{"week":13,"averageReturn":-1.1,"sample":1},{"week":14,"averageReturn":-1.1,"sample":1},{"week":15,"averageReturn":-1.0,"sample":1},{"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}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","expectedDirection":"lower","episodes":4,"completedEpisodes":1,"activeEpisodes":3,"medianExpectedMove":1.4,"averageExpectedMove":1.4,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-0.6,"medianReturn":-0.5,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-0.9,"medianReturn":-0.9,"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":-0.1,"sample":3},{"week":2,"averageReturn":0.1,"sample":3},{"week":3,"averageReturn":-0.5,"sample":3},{"week":4,"averageReturn":-0.6,"sample":3},{"week":5,"averageReturn":-0.7,"sample":3},{"week":6,"averageReturn":-1.0,"sample":3},{"week":7,"averageReturn":-0.7,"sample":3},{"week":8,"averageReturn":-0.9,"sample":2},{"week":9,"averageReturn":-0.8,"sample":2},{"week":10,"averageReturn":-0.9,"sample":2},{"week":11,"averageReturn":-0.8,"sample":1},{"week":12,"averageReturn":-0.9,"sample":1},{"week":13,"averageReturn":-1.3,"sample":1},{"week":14,"averageReturn":-1.2,"sample":1},{"week":15,"averageReturn":-1.9,"sample":1},{"week":16,"averageReturn":-1.8,"sample":1},{"week":17,"averageReturn":-1.5,"sample":1},{"week":18,"averageReturn":-1.6,"sample":1},{"week":19,"averageReturn":-1.5,"sample":1},{"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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":0.4,"averageExpectedMove":0.4,"averageWeeksToLargestMove":3.5,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":0.0,"medianReturn":0.0,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-1.2,"medianReturn":-1.2,"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":-0.2,"sample":2},{"week":2,"averageReturn":-0.8,"sample":2},{"week":3,"averageReturn":-0.4,"sample":2},{"week":4,"averageReturn":0.0,"sample":2},{"week":5,"averageReturn":-0.0,"sample":2},{"week":6,"averageReturn":0.2,"sample":2},{"week":7,"averageReturn":-0.5,"sample":2},{"week":8,"averageReturn":-0.3,"sample":2},{"week":9,"averageReturn":-0.7,"sample":2},{"week":10,"averageReturn":-1.0,"sample":2},{"week":11,"averageReturn":-0.6,"sample":2},{"week":12,"averageReturn":-1.2,"sample":2},{"week":13,"averageReturn":-1.0,"sample":2},{"week":14,"averageReturn":-1.0,"sample":2},{"week":15,"averageReturn":-0.8,"sample":2},{"week":16,"averageReturn":-0.8,"sample":2},{"week":17,"averageReturn":-1.1,"sample":1},{"week":18,"averageReturn":-1.0,"sample":1},{"week":19,"averageReturn":-1.7,"sample":1},{"week":20,"averageReturn":-1.6,"sample":1},{"week":21,"averageReturn":-1.3,"sample":1},{"week":22,"averageReturn":-1.4,"sample":1},{"week":23,"averageReturn":-1.3,"sample":1},{"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":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"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,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"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}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is repairing against a downward price structure","use":"The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"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 2 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."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 0.4% across 2 completed cases, with the largest move arriving after 3.5 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[73.9299,74.154,74.2963,74.6919,74.808,74.5804,75.1552,75.3885,75.8607,76.0083,75.8199,75.5813,75.7228,76.0769,76.1779,76.3502,75.9426,75.876,75.767,75.9443,76.1243,75.7522,75.6038,75.6703,75.7602,75.6803,75.8202,75.7702,75.8801,76.035,76.1602,76.6585,76.5696,77.0096,76.6895,76.3067,75.9301,75.5304,76.37,76.45,76.76,76.9277,76.039,76.0993,75.5319,75.3641,75.971,75.522,75.7588,75.5981,75.8279,75.78,75.48,75.53,75.03,75.08,75.29,75.225,75.315],"consensus":[-43.1665,38.4674,12.1953,58.0,66.3279,11.8375,74.3269,71.9961,84.4435,57.8307,18.849,0.0,27.5134,70.6374,53.8605,62.2006,-10.4131,0.0,-18.3715,23.0477,16.1033,-32.3875,-24.4671,0.0,0.0,-17.2767,13.5505,-11.3768,22.684,21.2526,34.2807,60.9968,20.196,61.713,0.0,-29.2033,-43.3783,-54.4269,35.3849,17.9078,39.9745,34.7559,-26.9574,0.0,-56.8597,-40.572,18.3299,-49.0212,10.3505,-18.7906,13.7,0.0,-33.9074,0.0,-60.0835,-24.0001,0.0,-21.0403,-3.7989],"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":[70.3448,87.9131,45.1603,0.9059,0.0,28.5736,75.9019,48.8252,52.237,-14.5902,0.0,-12.6,37.5646,10.6623,-32.898,-25.1943,0.0,0.0,-18.6804,9.3006,-17.0426,28.7871,17.541,38.1519,67.6555,12.5958,63.7212,0.0,-26.2124,-39.9316,-54.6114,48.0493,18.685,35.0957,29.1776,-21.4367,0.0,-58.3324,-32.3936,18.1471,-47.0284,11.0556,-25.2837,22.0679,0.0,-30.3097,0.0,-57.7963,-21.633,0.0,-19.7488,-1.3271],"force":[62.6908,79.9658,42.3299,34.2014,0.0,15.7889,83.2567,38.5154,57.7891,-69.8307,0.0,-39.6725,31.0017,11.8135,-64.6075,-29.66,0.0,0.0,-24.2839,27.621,-19.6314,32.9229,23.1026,35.1682,63.9951,4.8725,65.3173,0.0,-63.8271,-63.7823,-59.7018,65.8509,20.2326,49.1394,29.7267,-39.9773,0.0,-64.0212,-37.2386,58.7267,-66.8343,33.8979,-17.9847,34.5213,0.0,-52.2005,0.0,-83.8334,-3.0741,0.0,-15.7039,-20.7673],"direction":[80.5299,83.6767,83.3832,77.2486,0.0,34.6765,55.607,70.5758,76.7387,-36.8018,0.0,-9.7525,0.7755,25.3856,-8.7899,-19.9268,0.0,0.0,-10.6674,8.357,-0.9945,8.3956,24.173,29.2225,51.2453,46.788,56.8434,0.0,-7.89,-32.7431,-50.4482,0.8502,15.359,39.004,44.7234,-23.9668,0.0,-50.061,-52.2998,10.3161,-38.575,7.2748,-11.9454,10.7356,0.0,-24.9524,0.0,-45.7332,-41.6525,0.0,-26.3279,-2.4632],"intensity":[71.4286,62.5,100.0,10.0,45.4545,8.3333,53.8462,57.1429,20.0,68.75,70.5882,5.5556,15.7895,100.0,95.2381,27.2727,4.3478,91.6667,88.0,23.0769,7.4074,39.2857,58.6207,10.0,74.1935,56.25,69.697,47.0588,85.7143,88.8889,86.4865,86.8421,61.5385,92.5,31.7073,95.2381,6.9767,72.7273,53.3333,76.087,61.7021,33.3333,32.6531,26.0,96.0784,96.1538,11.5385,65.3846,15.3846,25.0,1.9231,19.2308],"confirmation":[90.7803,94.8326,86.2265,11.9846,11.7887,76.4308,90.9083,84.8444,87.9216,35.5971,26.7674,74.616,52.7298,73.1052,79.3382,75.9767,25.1227,24.3656,73.7207,72.8297,49.3513,75.4779,74.9138,78.9379,87.5089,52.1873,87.8274,8.7607,55.7792,82.5554,85.5746,57.5734,73.7895,81.1455,79.0536,77.1073,3.5311,86.3909,81.0061,31.9669,84.26,50.9043,73.8895,29.848,47.4121,79.4627,3.017,87.9854,52.4117,6.1253,74.5899,33.2861],"persistence":[75.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,62.5,50.0,25.0,37.5,37.5,12.5,12.5,25.0,12.5,25.0,0.0,25.0,25.0,0.0,25.0,37.5,50.0,75.0,62.5,62.5,37.5,12.5,12.5,12.5,12.5,12.5,0.0,12.5,12.5,12.5,12.5,12.5,12.5,37.5,12.5,12.5,12.5,0.0,25.0,25.0,37.5,37.5,50.0],"assessmentRisk":[13.7627,7.7663,21.0844,40.1375,28.4629,38.6174,21.8894,17.745,18.6932,37.9904,32.6066,36.0315,58.2811,24.2397,8.4476,18.5534,38.0887,44.3555,7.6314,33.7107,29.9029,17.2318,38.3211,31.5428,19.4895,39.8062,19.1279,46.8791,30.2931,27.4928,22.7831,52.8264,9.7116,28.8924,32.5683,17.8059,30.451,21.1577,29.6208,16.419,17.5294,17.2135,32.7271,22.1137,32.3326,13.6507,7.6603,18.4166,36.7491,26.7702,28.3456,35.6696],"volumeParticipation":true,"latest":{"consensus":-3.8,"control":-1.3,"force":-20.8,"direction":-2.5,"confirmation":33.3,"persistence":50.0,"assessmentRisk":35.7,"intensity":19.2,"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":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-3.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-1.3","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-20.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-2.5","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"33/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"45.4","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"0.8%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"26.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"14%","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":[73.9299,74.154,74.2963,74.6919,74.808,74.5804,75.1552,75.3885,75.8607,76.0083,75.8199,75.5813,75.7228,76.0769,76.1779,76.3502,75.9426,75.876,75.767,75.9443,76.1243,75.7522,75.6038,75.6703,75.7602,75.6803,75.8202,75.7702,75.8801,76.035,76.1602,76.6585,76.5696,77.0096,76.6895,76.3067,75.9301,75.5304,76.37,76.45,76.76,76.9277,76.039,76.0993,75.5319,75.3641,75.971,75.522,75.7588,75.5981,75.8279,75.78,75.48,75.53,75.03,75.08,75.29,75.225,75.315],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,74.2698,74.3263,74.477,74.6427,74.8642,75.0722,75.2081,75.276,75.3572,75.4881,75.6135,75.7474,75.7829,75.7999,75.7939,75.8212,75.8763,75.8538,75.8083,75.7832,75.779,75.7611,75.7718,75.7715,75.7913,75.8356,75.8946,76.0335,76.131,76.2907,76.3632,76.3529,76.2761,76.1405,76.1822,76.2309,76.3271,76.4363,76.3641,76.3159,76.1734,76.0262,76.0162,75.9263,75.8959,75.8417,75.8392,75.8285,75.7651,75.7224,75.5965,75.5026,75.4639,75.4205,75.4013],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,74.7653,74.8624,74.9599,75.0628,75.128,75.1834,75.2266,75.2798,75.3424,75.3727,75.3898,75.4106,75.4365,75.4546,75.4816,75.503,75.5309,75.5683,75.6121,75.6896,75.7548,75.8478,75.9101,75.9395,75.9388,75.9085,75.9427,75.9803,76.0381,76.104,76.0991,76.0992,76.0571,76.0058,76.0032,75.9676,75.9521,75.9259,75.9186,75.9084,75.8766,75.851,75.7901,75.7375,75.7044,75.6689,75.6427],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,76.2244,76.3551,76.3892,76.4414,76.5605,76.6748,76.8022,76.8275,76.8373,76.831,76.8439,76.8142,76.7359,76.6331,76.5743,76.5162,76.3483,76.2884,76.2568,76.2578,76.2613,76.2975,76.4486,76.5494,76.7517,76.8308,76.8255,76.8253,76.8376,76.8708,76.9112,76.9936,77.1022,77.0885,77.0778,77.0963,77.1278,77.1255,77.1422,77.1455,77.1555,77.1496,77.0888,77.0452,76.8911,76.8338,76.8148,76.8088,76.8181,76.7474],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,73.5502,73.5891,73.6566,73.712,73.7358,73.7588,73.7731,73.8249,73.8761,73.9256,73.9694,74.2185,74.4566,74.6901,74.8467,75.0,75.278,75.4044,75.4741,75.4751,75.4743,75.4721,75.4287,75.4125,75.3036,75.2756,75.2765,75.2755,75.2286,75.2557,75.2659,75.2471,75.2561,75.3133,75.3669,75.3255,75.2624,75.2798,75.2382,75.2228,75.1691,75.1418,75.1148,75.0494,75.0556,74.9469,74.8432,74.7852,74.7454,74.7105],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"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,109.1522,92.3039,171.3358,103.828,105.8849,131.1946,220.422,159.1009,168.1143,165.6323,140.0237,101.4885,105.3689,76.1431,140.5954,86.8822,110.4544,101.1158,170.1902,187.4042,129.7208,108.0069,112.955,97.9348,56.9346,72.0028,103.4453,119.719,136.2081,111.9692,97.3058,110.7342,92.2796,151.3628,117.958,82.8234,113.4655,79.9994,158.8746,154.6675,144.5717,109.4421,68.867,98.9969,68.513,228.7257,105.0374,188.6031,217.9699,210.1296,124.3969,186.8391],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,130.0073,124.8883,131.4002,135.0,135.0,135.0,129.2226,124.2207,120.5924,124.3701,127.158,121.8364,118.4603,122.831,126.8723,119.7143,128.147,122.0935,127.2915,132.7783,135.0,135.0,131.9135,135.0,130.0933,124.4458,119.814,115.7964,120.4589,124.3797,131.1469,135.0,131.3733,135.0,131.5615,124.619,131.4002,124.9307,129.8802,126.8052,131.261,128.145,116.7537,122.06,112.0112,124.4083,135.0,127.6095,135.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"relative","eyebrow":"Relative 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 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,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,-9.2577,-10.5294,-8.7855,-8.5965,-9.1978,-11.7053,-11.8195,-10.1847],"stroke":"#176fa3","width":2.0,"fill":"rgba(23,111,163,.08)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"range","eyebrow":"Acceptance 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,93.6599,100.0,93.4134,85.0928,75.0928,81.0247,95.8616,94.8871,93.9693,79.0123,76.5673,72.5674,79.0741,48.853,41.0684,37.9612,39.3532,41.235,39.5623,42.4895,37.794,39.308,37.5317,40.6186,52.9048,43.5969,54.6275,39.9283,27.6911,15.6519,2.8748,29.7155,32.2729,42.1829,47.5439,19.134,21.0615,2.9221,8.0685,33.8237,16.724,25.7436,19.6215,28.3743,26.5496,15.1245,17.0287,0.5569,6.0743,13.5779,11.2554,14.4712],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-0.1434,0.0,-0.2054,-0.4669,-0.7802,-0.5944,-0.1296,-0.1687,-0.2148,-0.7474,-0.8345,-0.977,-0.7452,-3.1111,-3.5846,-3.7736,-3.6889,-3.5745,-3.6762,-3.4981,-3.5617,-3.4218,-3.2247,-3.0654,-2.4311,-2.5443,-1.9842,-2.3917,-2.8789,-3.3583,-3.867,-2.7983,-2.6965,-2.3019,-2.0885,-3.2196,-3.1429,-3.8651,-4.0786,-2.2361,-2.8139,-2.5092,-2.716,-2.4203,-2.4819,-2.868,-2.8036,-3.4471,-3.3827,-3.1125,-3.1961,-3.0803],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,2.1668,2.8069,3.0069,2.7515,2.4282,2.62,3.0997,3.2367,3.4702,2.9178,2.8275,2.6798,2.9201,3.164,2.6598,2.4586,2.5487,2.6706,2.5623,2.7519,2.2954,2.3486,2.0429,2.2109,2.8797,2.0595,2.4982,1.6556,1.1482,0.649,0.1192,1.2322,1.3382,1.7491,1.9714,0.7934,0.8733,0.1212,0.3746,1.1829,0.5849,0.9003,0.6862,0.9923,0.9285,0.5289,0.5955,0.02,0.2269,0.5073,0.4205,0.5406],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"directional","eyebrow":"Trend 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,58.236,58.7766,58.5161,58.5907,58.4788,58.7508,59.116,59.654,59.7712,60.3331,60.0979,58.709,57.7773,55.9052,54.6571,53.7421,51.1316,48.769,45.9601,42.6993,39.8918,37.1351,34.4972,32.4965,30.4453,30.6219,30.5545,30.2357,29.4982,28.6074,27.8522,27.1665,26.7892],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,29.1501,31.2792,33.05,29.1093,27.1415,27.6945,26.1556,51.536,48.8682,46.2767,43.8942,48.5327,46.938,47.1053,45.359,42.9649,46.0944,43.5926,46.8978,46.7251,47.2837,43.3392,43.6056,38.8808,36.3809,37.0387,32.7259,35.8924,36.0402,31.397,30.6665,28.5697,25.4025,24.4802,22.9792,22.0685,23.0835,21.6287,32.5499,31.2435,30.0097,28.3847,26.9764,26.4891,25.643,25.9026],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,7.1018,6.5837,6.0674,11.9276,14.146,13.1453,12.5123,8.0381,10.4458,12.9824,13.0315,10.7578,10.4044,9.8361,9.3547,12.4273,11.6825,11.9309,10.8982,10.3042,9.4633,10.3999,8.4179,10.636,15.3507,13.8159,17.0217,15.963,14.7754,22.1837,21.2866,23.6388,25.2464,22.8729,22.3902,21.9784,20.2711,20.0528,16.4276,16.943,17.5902,18.9584,19.1262,18.3947,17.7268,16.6009],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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"]},{"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,0.4849,0.5149,0.5406,0.5684,0.5511,0.526,0.4916,0.4732,0.4678,0.4285,0.381,0.3448,0.3196,0.2899,0.2745,0.2553,0.2461,0.2484,0.2574,0.3013,0.3251,0.3752,0.3846,0.3571,0.3014,0.2225,0.225,0.2309,0.2576,0.2889,0.2393,0.2025,0.1261,0.0514,0.0407,-0.0039,-0.02,-0.0452,-0.046,-0.05,-0.0765,-0.0924,-0.1436,-0.1782,-0.1865,-0.196,-0.1941],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.5217,0.5226,0.5164,0.5078,0.4998,0.4855,0.4646,0.4407,0.4164,0.3911,0.3678,0.3453,0.3254,0.31,0.2995,0.2999,0.3049,0.319,0.3321,0.3371,0.33,0.3085,0.2918,0.2796,0.2752,0.2779,0.2702,0.2567,0.2305,0.1947,0.1639,0.1303,0.1003,0.0712,0.0477,0.0282,0.0073,-0.0127,-0.0389,-0.0667,-0.0907,-0.1117,-0.1282],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0294,0.0034,-0.0248,-0.0345,-0.032,-0.057,-0.0836,-0.0959,-0.0968,-0.1012,-0.0933,-0.09,-0.0794,-0.0616,-0.0421,0.0014,0.0202,0.0562,0.0525,0.02,-0.0286,-0.086,-0.0667,-0.0487,-0.0176,0.011,-0.0309,-0.0542,-0.1045,-0.1433,-0.1232,-0.1343,-0.1203,-0.1163,-0.0938,-0.0782,-0.0837,-0.0797,-0.1048,-0.1115,-0.0958,-0.0843,-0.0659],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/cfe0e3cc-f13f-44c4-bfa7-7a6c9fbf0dbe/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/cfe0e3cc-f13f-44c4-bfa7-7a6c9fbf0dbe/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/cfe0e3cc-f13f-44c4-bfa7-7a6c9fbf0dbe/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/cfe0e3cc-f13f-44c4-bfa7-7a6c9fbf0dbe/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/cfe0e3cc-f13f-44c4-bfa7-7a6c9fbf0dbe/technical-pack/data.json"},"source_fingerprint":"2795c3146efe5cc62c3615faba7fb7b1565c67bf2c05ca59306351bb6c33e5cf","content_hash":"8bf7d89b56631f0f4e59d9dbe876a80ec48793b36bd18bc3d79de6378f2ba487","citation":"Sharemaestro, VTP Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/cfe0e3cc-f13f-44c4-bfa7-7a6c9fbf0dbe/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}