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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":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":6.4,"sample":1},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 6.4% across 1 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 4.2% across 1 completed cases, with the largest move arriving after 12.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"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":["2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"close":[6.5,5.69,5.5,5.26,5.41,5.73,5.5,5.6,6.08,5.78,5.68,5.56,5.53,5.44,4.88,3.86,3.84,3.66,3.57,3.78,3.74,3.57,3.53,4.12,4.02,3.91,3.94,4.5384,3.94,3.65,3.4,3.51,4.11,3.4,2.93,2.34,2.35,2.58,2.47,2.36,2.3599,2.67,3.28,2.85,2.77,2.85,2.58,2.49,2.42,2.29,2.42,2.26,2.2,2.17,2.17,2.34,2.21],"consensus":[-77.0115,-22.2677,0.0,-35.6305,-13.1734,0.0,0.0,0.0,18.2061,-10.279,-8.9671,-11.0183,-13.6832,-15.3472,-31.2663,-53.7543,-21.7844,-34.456,-26.9099,0.0,-14.2232,-21.4487,-16.9406,17.8703,0.0,-9.5058,0.0,37.4317,-31.0577,-24.093,-30.3907,0.0,30.5298,-41.333,-42.7257,-59.5439,-28.7228,-9.5565,-26.7561,-29.585,-22.7412,12.9557,43.3503,-18.2429,0.0,10.5902,-35.8893,-21.828,-29.3555,-30.7864,0.0,-34.2396,-28.1986,-24.2968,-12.8213,14.6893,-18.3318],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"control":[0.0,0.0,0.0,23.0021,-16.3104,-15.4326,-16.3341,-16.6585,-18.2297,-34.4881,-49.9514,-17.0615,-37.1143,-26.0929,0.0,-16.3002,-26.5914,-21.6253,19.5294,0.0,-16.8515,0.0,39.1916,-34.8566,-27.4333,-34.4332,0.0,35.9565,-45.2104,-50.8201,-62.4225,-22.3277,-2.5314,-26.178,-40.5172,-30.3377,16.8236,41.6048,-29.8052,0.0,11.3781,-36.4864,-23.2616,-36.3017,-31.3892,0.0,-42.7507,-34.0099,-31.2657,-8.8935,18.1176,-25.6213],"force":[0.0,0.0,0.0,22.7878,-13.3507,-9.5179,-10.4793,-11.8953,-17.8252,-34.034,-67.2276,-6.859,-22.6789,-13.4294,0.0,-2.9756,-13.4529,-5.7856,38.0804,0.0,-9.6483,0.0,58.597,-60.0829,-29.0721,-28.3416,0.0,48.3614,-65.0829,-41.5396,-67.771,-6.5817,-15.8655,-12.5209,-15.5942,-7.7649,37.2679,61.1041,-39.477,0.0,16.0987,-47.4184,-16.5259,-23.396,-25.2713,0.0,-32.9528,-21.4999,-15.4481,-0.9487,30.6195,-17.54],"direction":[0.0,0.0,0.0,9.4523,-1.1918,-1.1845,-5.3281,-11.5598,-10.2829,-25.6074,-48.4768,-37.8429,-39.8301,-37.4724,0.0,-19.8836,-21.2827,-19.5546,1.5385,0.0,-1.0089,0.0,20.3024,-5.984,-16.719,-27.2343,0.0,11.5911,-19.9374,-34.3222,-50.3776,-51.8464,-41.5298,-37.5848,-27.0845,-24.7569,8.8307,32.6638,-10.1383,0.0,5.755,-26.9719,-23.9769,-25.6736,-34.0368,0.0,-25.4318,-26.342,-22.6529,-25.7908,0.6076,-10.5664],"intensity":[60.0,16.6667,14.2857,75.0,44.4444,20.0,18.1818,8.3333,84.6154,92.8571,93.3333,81.25,23.5294,27.7778,36.8421,30.0,19.0476,9.0909,73.913,54.1667,44.0,7.6923,77.7778,78.5714,79.3103,60.0,51.6129,78.125,81.8182,79.4118,65.7143,75.0,35.1351,10.5263,12.8205,35.0,53.6585,80.9524,58.1395,47.7273,26.6667,50.0,57.4468,6.25,32.6531,14.0,19.6078,7.6923,1.9231,25.0,26.9231,19.2308],"confirmation":[48.5108,0.9458,0.7249,73.8925,48.6243,48.1211,48.7618,72.2788,72.9427,78.0405,85.6699,51.9214,78.6265,76.2128,4.327,49.5103,74.5415,50.343,51.6425,1.5844,48.2676,24.1686,80.5964,56.0985,75.8106,77.601,27.1799,78.2303,81.8913,81.5127,87.2609,53.9473,6.3922,76.1369,76.8742,52.0383,29.3784,82.4398,31.1382,48.967,48.8781,79.8269,74.8015,77.1063,77.6744,3.0069,78.7878,76.7309,75.3991,49.1342,50.5968,81.731],"persistence":[66.6667,57.1429,50.0,25.0,25.0,37.5,37.5,37.5,50.0,62.5,75.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,62.5,50.0,50.0,37.5,25.0,25.0,25.0,25.0,37.5,25.0,25.0,37.5,62.5,62.5,62.5,62.5,75.0,100.0,75.0,50.0,50.0,37.5,12.5,12.5,12.5,12.5,37.5,50.0,50.0,62.5,87.5,87.5,62.5,62.5],"assessmentRisk":[1.1941,1.6111,37.2849,38.0789,11.9424,28.3473,0.5116,40.1448,32.6485,34.1399,23.1135,39.0981,32.7671,36.5056,10.4387,7.0713,4.2174,1.6836,28.1171,30.5242,41.8564,42.5915,21.3253,2.6791,21.8935,31.57,46.9441,7.0529,6.7985,18.9657,19.7126,35.6232,43.3759,26.905,17.2252,12.7546,5.9234,26.6734,50.8688,42.1713,17.7565,30.8079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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":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-18.3","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-25.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-17.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-10.6","detail":"Follow-through is 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risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-12.4615,-15.3846,-19.0769,-16.7692,-11.8462,-15.3846,-13.8462,-6.4615,-11.0769,-12.6154,-14.4615,-14.9231,-16.3077,-24.9231,-40.6154,-40.9231,-43.6923,-45.0769,-41.8462,-42.4615,-45.0769,-45.6923,-36.6154,-38.1538,-39.8462,-39.3846,-30.1785,-39.3846,-43.8462,-47.6923,-46.0,-36.7692,-47.6923,-54.9231,-64.0,-63.8462,-60.3077,-62.0,-63.6923,-63.6938,-58.9231,-49.5385,-56.1538,-57.3846,-56.1538,-60.3077,-61.6923,-62.7692,-64.7692,-62.7692,-65.2308,-66.1538,-66.6154,-66.6154,-64.0,-66.0],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,6.4639,15.5894,9.8859,7.9848,5.7034,5.1331,3.4221,0.0,0.0,0.0,0.0,0.0,5.8824,4.7619,0.0,0.0,16.7139,13.881,10.7649,11.6147,28.5666,11.6147,3.3994,0.0,3.2353,20.8824,0.0,0.0,0.0,0.4274,10.2564,5.5556,0.8547,0.8504,14.1026,40.1709,21.7949,18.3761,21.7949,10.2564,6.4103,3.4188,0.0,5.6769,0.0,0.0,0.0,0.0,7.8341,1.8433],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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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,52.869,63.6967,44.3322,69.8073,51.0186,110.1365,323.8576,76.7754,155.3245,85.6747,61.6666,71.9916,68.2653,70.9938,91.3938,71.677,76.3917,45.7049,86.082,68.5603,123.5541,133.1757,101.3644,76.0924,25.0928,63.2035,121.9152,59.2802,137.2883,51.0555,50.7424,52.294,60.7072,57.7369,75.311,64.767,76.3378,40.5019,42.9851,83.6346,47.1522,20.2421,74.5073,30.0999,62.2507,93.8425,97.0794,61.4182,64.1881,55.897],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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