{"schema_version":"1.0","name":"XUES Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"d8cf9fc0-e877-4f86-a74f-168ae064b46f","symbol":"XUES","name":"iShares MSCI World ex-USA UCITS ETF USD (Dist)","exchange":"AMS","country":"NL","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Completed returns and cumulative progression, Range expansion and closing direction, Activity pressure and cumulative balance, Range position and boundary pressure, Range pressure and compression."},{"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":14,"displayedObservations":14,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"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.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[5.1174,5.0423,5.1787,5.1248,5.176,5.217,5.186,5.28,5.213,5.235,5.161,5.202,5.266,5.41],"highs":[5.1174,5.1425,5.1973,5.1248,5.203,5.217,5.186,5.28,5.235,5.248,5.214,5.267,5.41,5.443],"lows":[5.035,5.0423,5.1555,5.1248,5.176,5.205,5.186,5.277,5.213,5.172,5.132,5.162,5.266,5.395],"closes":[5.035,5.1425,5.1973,5.1248,5.203,5.215,5.186,5.277,5.235,5.172,5.189,5.267,5.41,5.429],"hoverRows":[[{"label":"Open","value":"5.12","className":"is-ohlc","compact":true},{"label":"High","value":"5.12","className":"is-ohlc","compact":true},{"label":"Low","value":"5.04","className":"is-ohlc","compact":true},{"label":"Close","value":"5.04","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"5.04","className":"is-ohlc","compact":true},{"label":"High","value":"5.14","className":"is-ohlc","compact":true},{"label":"Low","value":"5.04","className":"is-ohlc","compact":true},{"label":"Close","value":"5.14","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"5.18","className":"is-ohlc","compact":true},{"label":"High","value":"5.20","className":"is-ohlc","compact":true},{"label":"Low","value":"5.16","className":"is-ohlc","compact":true},{"label":"Close","value":"5.20","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.12","className":"is-ohlc","compact":true},{"label":"High","value":"5.12","className":"is-ohlc","compact":true},{"label":"Low","value":"5.12","className":"is-ohlc","compact":true},{"label":"Close","value":"5.12","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.18","className":"is-ohlc","compact":true},{"label":"High","value":"5.20","className":"is-ohlc","compact":true},{"label":"Low","value":"5.18","className":"is-ohlc","compact":true},{"label":"Close","value":"5.20","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.22","className":"is-ohlc","compact":true},{"label":"High","value":"5.22","className":"is-ohlc","compact":true},{"label":"Low","value":"5.21","className":"is-ohlc","compact":true},{"label":"Close","value":"5.21","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.19","className":"is-ohlc","compact":true},{"label":"High","value":"5.19","className":"is-ohlc","compact":true},{"label":"Low","value":"5.19","className":"is-ohlc","compact":true},{"label":"Close","value":"5.19","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.28","className":"is-ohlc","compact":true},{"label":"High","value":"5.28","className":"is-ohlc","compact":true},{"label":"Low","value":"5.28","className":"is-ohlc","compact":true},{"label":"Close","value":"5.28","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.21","className":"is-ohlc","compact":true},{"label":"High","value":"5.24","className":"is-ohlc","compact":true},{"label":"Low","value":"5.21","className":"is-ohlc","compact":true},{"label":"Close","value":"5.24","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.24","className":"is-ohlc","compact":true},{"label":"High","value":"5.25","className":"is-ohlc","compact":true},{"label":"Low","value":"5.17","className":"is-ohlc","compact":true},{"label":"Close","value":"5.17","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.16","className":"is-ohlc","compact":true},{"label":"High","value":"5.21","className":"is-ohlc","compact":true},{"label":"Low","value":"5.13","className":"is-ohlc","compact":true},{"label":"Close","value":"5.19","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.20","className":"is-ohlc","compact":true},{"label":"High","value":"5.27","className":"is-ohlc","compact":true},{"label":"Low","value":"5.16","className":"is-ohlc","compact":true},{"label":"Close","value":"5.27","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.27","className":"is-ohlc","compact":true},{"label":"High","value":"5.41","className":"is-ohlc","compact":true},{"label":"Low","value":"5.27","className":"is-ohlc","compact":true},{"label":"Close","value":"5.41","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.41","className":"is-ohlc","compact":true},{"label":"High","value":"5.44","className":"is-ohlc","compact":true},{"label":"Low","value":"5.39","className":"is-ohlc","compact":true},{"label":"Close","value":"5.43","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[5.01136,5.45264],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Zone progression","detail":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. With limited Market Dynamics history, the label describes location and extension only.","tone":"caution"},{"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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-15","price":5.035}],"reversal_dangers":[{"date":"2026-05-22","price":5.1425}]}},"smTape":{"available":true,"dates":["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":[5.035,5.1425,5.1973,5.1248,5.203,5.215,5.186,5.277,5.235,5.172,5.189,5.267,5.41,5.429],"consensus":[-100.0,100.0,100.0,0.0,83.46,48.1632,11.3649,43.9766,33.8635,-35.5816,22.3428,55.6243,84.9072,58.9149],"supportDates":["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":[null,null,null,null,null,46.4421,14.3969,28.3378,37.6127,-30.4224,21.1438,58.7706,82.871,51.5801],"force":[-100.0,100.0,100.0,0.0,73.4741,31.9361,17.114,28.3631,8.5486,-83.9665,33.7365,78.7944,97.6512,43.5205],"direction":[null,null,null,null,90.5929,61.721,28.2417,73.0019,47.6607,-6.9173,15.5747,35.4784,78.1314,78.2935],"intensity":[null,null,null,null,50.0,20.0,33.3333,71.4286,37.5,33.3333,30.0,63.6364,100.0,92.3077],"confirmation":[54.6667,54.6667,54.6667,0.0,71.584,82.9439,29.0403,81.835,78.0077,58.2727,75.5152,86.458,95.5897,55.0],"persistence":[null,null,33.3333,25.0,40.0,50.0,57.1429,62.5,87.5,62.5,62.5,75.0,75.0,75.0],"assessmentRisk":[null,null,null,null,7.5244,16.9397,14.6859,27.2848,6.4201,10.9446,8.7666,35.7958,6.9535,20.5024],"volumeParticipation":true,"latest":{"consensus":58.9,"control":51.6,"force":43.5,"direction":78.3,"confirmation":55.0,"persistence":75.0,"assessmentRisk":20.5,"intensity":92.3,"evidenceDepth":54},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","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 easing","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+58.9","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+51.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+43.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+78.3","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"-","detail":"Developing","tone":"neutral"},{"label":"Risk pressure","value":"1.5%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"97%","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 upward.","series":[{"label":"Close","values":[5.035,5.1425,5.1973,5.1248,5.203,5.215,5.186,5.277,5.235,5.172,5.189,5.267,5.41,5.429],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,5.1094,5.1286,5.139,5.1641,5.177,5.1761,5.1784,5.1945,5.2337,5.2692],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,5.1535,5.1739],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,5.3053,5.3005,5.3123,5.3733,5.4202],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,5.0522,5.0589,5.0616,5.0349,5.0202],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,2.1351,1.0656,-1.395,1.5259,0.2306,-0.5561,1.7547,-0.7959,-1.2034,0.3287,1.5032,2.715,0.3512],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,2.1351,3.2234,1.7835,3.3366,3.575,2.999,4.8064,3.9722,2.721,3.0586,4.6077,7.4479,7.8252],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[1.6365,1.9485,0.8043,0.0,0.5189,0.2301,0.0,0.0569,0.4202,1.4695,1.5803,1.9935,2.6617,0.8841],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[-1.6102,1.9872,0.3592,0.0,0.5216,-0.0383,0.0,-0.0568,0.422,-1.2034,0.5425,1.2495,2.7345,0.3512],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,7.335,4.3796,828.4641,620.6257,473.9118,331.8854,63.7123],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,134.8289,65.0,133.8023,135.0,135.0,135.0],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,98.7755,81.6327,55.9184,62.8571,94.6939,100.0,96.5686],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-0.0568,-0.8523,-2.0455,-1.7235,-0.2462,0.0,-0.2572],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,4.8064,3.9722,2.721,3.0586,4.6077,7.4479,7.8252],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,1.4567],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,4.8881,4.6653,4.833,6.5028,7.6628],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/d8cf9fc0-e877-4f86-a74f-168ae064b46f/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/d8cf9fc0-e877-4f86-a74f-168ae064b46f/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/d8cf9fc0-e877-4f86-a74f-168ae064b46f/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/d8cf9fc0-e877-4f86-a74f-168ae064b46f/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/d8cf9fc0-e877-4f86-a74f-168ae064b46f/technical-pack/data.json"},"source_fingerprint":"b26ec435d0a9ac1bc037caa4994c8a36e8e75801bc741646d827670f64114bd8","content_hash":"1d738b040d1adc0e98c7b5e274e9ad685c2c13ca3476d7d02e1786f69666c221","citation":"Sharemaestro, XUES Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/d8cf9fc0-e877-4f86-a74f-168ae064b46f/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."}