{"schema_version":"1.0","name":"INFR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"dfa8930c-d67c-4127-bc9a-fe8fec6ecd3e","symbol":"INFR","name":"Ninepoint Global Infrastructure Fund - Series ETF","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Acceleration, deceleration and rollover, Directional strength and control, Range position and boundary pressure, Activity pressure and cumulative balance, Drawdown and recovery pressure."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-14","observations":49,"displayedObservations":49,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Negative pressure; price rotational","headline":"Market Dynamics is negative while price has no clear direction","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"The underlying condition is weak, but a negative price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.855099,1.218765,1.24143,1.34406,1.539649,1.596519,1.530273,1.282728,1.230569,0.727573,0.415952,0.322881,0.193799,0.344248,0.377577,0.266232,0.230856,0.150189,-0.019108,-0.078366,-0.117378],"opens":[20.978679,20.909145,21.896459,22.035548,21.917789,21.907887,22.282836,22.218248,22.200001,22.407044,22.415371,22.450264,22.410385,23.217878,22.705531,22.795237,22.835106,22.485001,22.894909,22.059999,21.709999],"highs":[20.978679,21.868246,22.30379,22.035548,22.01683,22.456727,22.466664,22.297743,22.57,22.546158,22.420355,22.569891,22.500107,23.257753,22.954714,22.795237,22.835106,23.014517,22.894909,22.059999,21.74],"lows":[20.909145,20.909145,21.896459,21.757369,21.551336,21.868269,21.959898,22.059263,22.200001,21.882028,22.415371,22.450264,22.410385,23.217878,22.705531,22.795237,22.466316,22.446381,22.08,21.75,21.57],"closes":[20.909145,21.918081,22.214375,21.95607,21.977215,22.426916,21.989706,22.059263,22.58,21.901964,22.420355,22.569891,22.500107,23.257753,22.954714,22.795237,22.466316,22.894909,22.08,21.75,21.719999],"hoverRows":[[{"label":"Open","value":"21.0","className":"is-ohlc","compact":true},{"label":"High","value":"21.0","className":"is-ohlc","compact":true},{"label":"Low","value":"20.9","className":"is-ohlc","compact":true},{"label":"Close","value":"20.9","className":"is-ohlc","compact":true},{"label":"Market 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weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[20.768229,23.398669],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.117378,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted 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":"Negative and weakening","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and weakening","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"3 Apr 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-04-03","price":21.918081}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[19.285,19.1568,19.5629,19.9013,19.6762,20.0022,19.8257,19.607,19.6729,19.6437,19.4305,19.8287,19.2309,19.0569,18.9347,19.0284,19.2934,19.1655,19.6878,19.4025,19.6912,20.2323,21.1809,21.2954,21.7833,20.9191,21.227,20.6012,20.9091,21.9181,22.2144,21.9561,21.9772,22.4269,21.9897,22.0593,22.58,21.902,22.4204,22.5699,22.5001,23.2578,22.9547,22.7952,22.4663,22.8949,22.08,21.75,21.72],"consensus":[100.0,43.7158,100.0,100.0,20.4892,40.9367,0.0,-32.8768,20.443,-14.2962,-48.3036,55.171,-66.3039,-63.1776,-56.949,-22.4596,25.6427,-17.7574,62.4014,-13.9591,55.6892,76.4595,86.3596,67.3822,79.7528,0.0,53.8367,-26.0942,0.0,69.5312,60.1662,34.3471,47.1992,74.1212,-16.6185,13.9617,66.6471,-33.5478,53.7004,49.7753,29.4161,65.3741,36.9265,18.0422,-30.0805,41.9167,-57.5143,-59.9691,-26.0853],"supportDates":["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":[null,null,null,null,null,26.872,0.0,-28.5171,26.3738,-5.493,-43.8569,57.0578,-63.0615,-61.2426,-51.5431,-5.8108,29.7195,-23.9755,58.7468,-27.1292,59.617,78.6847,90.7342,68.3736,80.1939,0.0,70.126,-29.8776,0.0,80.3621,67.035,28.3101,47.5915,76.4746,-13.4352,5.3806,77.9155,-30.3068,67.197,60.1936,46.0653,77.8262,42.1116,16.6999,-29.5109,52.0433,-52.7291,-65.0316,-12.463],"force":[100.0,43.7158,100.0,100.0,39.1783,28.2262,0.0,-68.6901,24.4191,-29.3678,-68.6123,72.0515,-87.252,-64.3349,-53.346,-5.2935,62.8941,-14.9951,93.7477,-37.8877,69.9446,94.272,98.8937,54.7356,80.2867,0.0,34.4764,-53.8568,0.0,56.7061,37.2161,1.9262,26.4098,88.0166,-80.3579,4.5362,60.6985,-82.2179,43.0793,33.3447,7.7535,51.3661,9.2943,5.545,-77.7923,68.0773,-84.1421,-56.04,-4.1682],"direction":[null,null,null,null,63.1089,66.0895,0.0,-12.2782,10.8248,-13.5917,-38.8793,40.9573,-55.0464,-64.5623,-65.7006,-61.3102,5.6245,-12.624,44.1879,-18.1843,41.0179,61.1931,72.4072,75.2825,78.8673,0.0,49.0492,-1.9398,0.0,66.3138,68.7092,64.4043,61.6004,61.5063,-25.2714,36.9814,58.0178,-2.4874,45.8621,49.6048,25.8616,61.1489,50.7381,36.4242,-3.3483,11.6575,-43.9633,-56.9899,-57.3087],"intensity":[null,null,null,null,50.0,60.0,33.3333,42.8571,62.5,11.1111,40.0,90.9091,100.0,61.5385,28.5714,20.0,56.25,11.7647,94.4444,57.8947,60.0,95.2381,100.0,95.6522,91.6667,96.0,84.6154,81.4815,67.8571,100.0,96.6667,35.4839,21.875,66.6667,64.7059,14.2857,69.4444,86.4865,71.0526,12.8205,2.5,90.2439,64.2857,16.2791,50.0,60.0,91.3043,91.4894,41.6667],"confirmation":[54.6667,36.6557,54.6667,54.6667,16.3659,80.9267,32.7483,79.6784,74.5726,50.5016,84.1438,86.1404,89.9051,88.2816,86.1962,30.3909,55.8121,73.5034,88.9795,31.5415,86.1952,92.976,95.9504,89.1618,93.5304,38.5647,84.3895,54.4719,26.3182,89.6941,86.4491,55.4283,82.4642,92.1064,35.3669,27.6691,88.9741,57.6013,84.6548,83.2686,53.8326,88.3031,78.8954,51.5914,57.1362,82.0563,87.289,86.9932,53.2203],"persistence":[null,null,100.0,100.0,100.0,100.0,85.7143,62.5,62.5,37.5,12.5,12.5,12.5,37.5,50.0,50.0,50.0,50.0,25.0,50.0,25.0,0.0,25.0,50.0,50.0,62.5,62.5,62.5,50.0,50.0,50.0,50.0,50.0,62.5,37.5,62.5,75.0,50.0,50.0,50.0,50.0,50.0,75.0,75.0,50.0,75.0,50.0,25.0,0.0],"assessmentRisk":[null,null,null,null,34.1208,29.3643,37.4478,23.2708,10.8701,37.9969,22.2256,7.4853,11.7393,16.595,18.2118,38.5035,1.1591,28.7037,18.3009,49.9211,15.7522,11.6172,6.7555,16.302,10.1207,47.3676,21.6505,31.6969,50.5845,12.9102,17.625,32.2022,24.7801,0.3926,11.3316,3.4454,8.3558,21.1701,8.9568,14.653,23.8706,17.0392,24.7498,16.1225,10.947,55.6316,18.898,18.9359,33.1545],"volumeParticipation":true,"latest":{"consensus":-26.1,"control":-12.5,"force":-4.2,"direction":-57.3,"confirmation":53.2,"persistence":0.0,"assessmentRisk":33.2,"intensity":41.7,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-26.1","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-12.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-4.2","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-57.3","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"53/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"48.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"2.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"32.5","detail":"Directional","tone":"positive"},{"label":"Range position","value":"39%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[19.285,19.1568,19.5629,19.9013,19.6762,20.0022,19.8257,19.607,19.6729,19.6437,19.4305,19.8287,19.2309,19.0569,18.9347,19.0284,19.2934,19.1655,19.6878,19.4025,19.6912,20.2323,21.1809,21.2954,21.7833,20.9191,21.227,20.6012,20.9091,21.9181,22.2144,21.9561,21.9772,22.4269,21.9897,22.0593,22.58,21.902,22.4204,22.5699,22.5001,23.2578,22.9547,22.7952,22.4663,22.8949,22.08,21.75,21.72],"stroke":"#10243b","width":2.1},{"label":"Fast 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envelope","values":[null,null,null,null,null,null,null,null,null,20.1243,20.0973,20.1095,20.1075,20.1252,20.1482,20.1426,20.1183,20.0992,20.1023,20.0836,20.1051,20.2181,20.6068,20.9142,21.3217,21.4425,21.6222,21.6908,21.7944,22.0792,22.3869,22.6033,22.7772,22.9854,23.055,23.1006,23.2201,23.163,23.2059,23.1644,23.087,23.2095,23.3349,23.4176,23.4577,23.4903,23.4594,23.2971,23.1656],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,19.1424,19.1325,19.156,19.0962,19.0006,18.8939,18.8378,18.839,18.8233,18.844,18.8557,18.8749,18.8694,18.6425,18.4745,18.2777,18.2486,18.2091,18.2398,18.2599,18.2025,18.1732,18.1695,18.2702,18.399,18.6349,18.8924,19.1016,19.4324,19.6627,20.0209,20.3792,20.5592,20.6112,20.6786,20.7068,20.8717,20.9879,21.2651,21.4777],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"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,0.0694,0.0245,-0.0207,-0.0484,-0.0485,-0.0581,-0.0234,-0.0186,0.0083,0.0725,0.1976,0.3025,0.4202,0.4387,0.4727,0.4441,0.4411,0.5143,0.5894,0.6209,0.6402,0.6839,0.6755,0.6667,0.6938,0.653,0.655,0.661,0.6526,0.699,0.7032,0.6858,0.6381,0.6277,0.5473,0.4518,0.3694],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0109,-0.0029,-0.007,-0.0093,-0.0058,0.0098,0.0474,0.0984,0.1628,0.218,0.2689,0.3039,0.3314,0.368,0.4122,0.454,0.4912,0.5297,0.5589,0.5805,0.6031,0.6131,0.6215,0.6294,0.634,0.647,0.6582,0.6638,0.6586,0.6524,0.6314,0.5955,0.5503],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0593,-0.0552,-0.0164,-0.0093,0.0141,0.0626,0.1502,0.2041,0.2574,0.2207,0.2038,0.1401,0.1098,0.1463,0.1771,0.1669,0.149,0.1541,0.1166,0.0862,0.0907,0.0399,0.0335,0.0316,0.0186,0.052,0.045,0.022,-0.0205,-0.0248,-0.0841,-0.1437,-0.1809],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,28.7745,29.7794,30.7125,32.5762,34.6589,36.1567,36.9158,38.0599,39.1317,40.127,41.3253,41.3928,41.4554,41.7132,41.8105,42.7916,42.1739,41.6004,40.1774,39.1456,37.2697,34.8006,32.4909],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,13.7928,12.9379,12.6628,17.4723,16.7445,22.8899,21.2752,21.4075,30.0599,42.0959,41.2353,48.7644,41.5896,38.7955,37.022,34.7292,43.1371,47.1021,43.8117,40.6935,43.7023,40.5415,38.6269,39.7685,35.6843,32.9755,34.5196,33.6297,41.3629,37.8969,36.9344,34.7372,34.4535,30.2553,28.7287,27.9017],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,18.8916,21.6404,21.1802,19.857,18.6805,16.6336,15.4602,14.5126,12.9149,10.6924,10.352,9.3133,15.1048,16.6094,14.8141,13.8966,11.8829,11.1442,12.4918,14.753,13.4498,12.4313,11.8442,10.9231,14.48,13.3808,13.0726,13.3801,11.8211,18.6049,18.1324,22.3595,20.3509,23.3495,27.2172,29.3123],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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"]},{"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,57.3193,62.4535,60.1779,43.5515,74.6106,27.9847,14.4096,5.4963,12.7609,33.2924,23.3857,63.8519,41.7501,64.1202,100.0,100.0,103.8036,97.9995,68.0835,78.2836,57.5543,67.7544,101.1756,97.4008,89.892,90.5067,99.1703,86.7619,88.6925,100.2698,81.9755,95.9624,99.9971,98.0399,100.0,92.8209,88.6292,79.7372,90.1746,66.8143,49.4367,38.9167],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-2.7152,-2.3886,-2.5334,-3.5911,-1.6152,-4.5814,-5.445,-6.0514,-5.5862,-4.2715,-4.9058,-2.3147,-3.7299,-2.2975,0.0,0.0,0.4202,-0.2728,-4.4031,-2.9959,-5.8557,-4.4485,0.1622,-0.4009,-1.559,-1.4642,-0.1327,-2.123,-1.8134,0.0443,-2.9598,-0.663,-0.0005,-0.3097,0.0,-1.303,-1.9887,-3.4029,-1.5601,-5.0639,-6.4828,-6.6118],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,3.8942,4.2431,4.0885,2.9589,5.069,1.9013,0.979,0.376,0.873,2.2777,1.5999,4.3683,2.8563,4.3867,7.255,12.2837,12.8904,15.4769,10.8957,12.5281,9.2107,10.8431,16.1916,17.7623,16.393,16.5051,18.889,16.5713,16.94,19.7006,16.1062,18.8542,19.647,18.3959,22.3826,20.5817,18.786,16.0936,17.0207,12.0313,7.2705,4.7237],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,2000.0,1200.0,596.4912,438.3562,515.0529,78.1861,318.2117,310.4693,344.3678,464.2542,300.585,289.8551,121.6574,47.0478,111.0864,21.9732,28.1629,21.4316,21.2044,25.1256,0.0,202.795,178.6859,90.266,60.231,88.8269],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,135.0,135.0,120.125,134.125,111.97,115.47,132.41,135.0,117.3468,135.0,135.0,122.0455,127.8349,130.1277,124.3957,125.5421,127.0324,125.886,127.0324,125.6567,125.6567,114.5938,124.8198,119.6266,116.2791,111.1661],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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