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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":4,"completedEpisodes":3,"activeEpisodes":1,"medianExpectedMove":10.1,"averageExpectedMove":11.8,"averageWeeksToLargestMove":5.7,"horizons":[{"weeks":4,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":-5.5,"medianReturn":-6.0,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":12,"sample":3,"expectedCount":3,"expectedPercent":100.0,"averageReturn":-4.6,"medianReturn":-5.7,"confidenceLow":43.9,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-5.0,"medianReturn":-5.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.8,"sample":4},{"week":2,"averageReturn":0.8,"sample":4},{"week":3,"averageReturn":-3.5,"sample":4},{"week":4,"averageReturn":-5.5,"sample":4},{"week":5,"averageReturn":-6.9,"sample":4},{"week":6,"averageReturn":-7.0,"sample":4},{"week":7,"averageReturn":-5.2,"sample":4},{"week":8,"averageReturn":-4.7,"sample":4},{"week":9,"averageReturn":-2.2,"sample":4},{"week":10,"averageReturn":-1.9,"sample":4},{"week":11,"averageReturn":-0.2,"sample":3},{"week":12,"averageReturn":-4.6,"sample":3},{"week":13,"averageReturn":-7.0,"sample":3},{"week":14,"averageReturn":-3.9,"sample":3},{"week":15,"averageReturn":-0.5,"sample":3},{"week":16,"averageReturn":0.7,"sample":3},{"week":17,"averageReturn":0.4,"sample":3},{"week":18,"averageReturn":-2.6,"sample":2},{"week":19,"averageReturn":-0.8,"sample":2},{"week":20,"averageReturn":-6.1,"sample":2},{"week":21,"averageReturn":-4.1,"sample":2},{"week":22,"averageReturn":-6.5,"sample":2},{"week":23,"averageReturn":-4.2,"sample":2},{"week":24,"averageReturn":-0.6,"sample":2},{"week":25,"averageReturn":-0.8,"sample":2},{"week":26,"averageReturn":-5.0,"sample":2}]},"currentApplication":{"status":"Underlying support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":42.9,"averageReturn":4.9,"sample":21},"nowContext":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 42.9% of comparable cases moved lower after 12 weeks, with an average move of 4.9% across 21 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"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 3 cases. Distinct visits lasted 3.2 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 10.4% across 21 completed cases, with the largest move arriving after 6.0 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":[],"distribution_rollovers":[{"date":"2026-03-06","price":204.62},{"date":"2026-07-10","price":219.87}],"price_pressure_gaps":[{"date":"2025-10-31","price":223.89},{"date":"2026-02-06","price":222.32},{"date":"2026-04-17","price":223.52},{"date":"2026-06-05","price":227.8}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"],"close":[157.89,163.14,140.85,151.0,162.57,159.04,162.27,168.8,163.97,157.23,145.2,169.09,163.07,176.01,176.44,159.43,155.53,143.55,145.96,149.99,138.06,148.5,152.02,148.52,151.02,148.99,140.3,145.65,136.93,134.26,134.27,129.43,122.34,132.06,128.33,133.82,144.73,148.9,156.02,149.77,152.09,157.7,154.45,154.42,167.15,173.03,172.12,177.85,180.82,196.36,201.57,186.39,190.47,187.11,187.81,186.32,188.04,182.95,189.83,184.77,184.04,194.03,223.89,221.92,211.43,204.57,215.04,208.67,219.94,203.17,208.48,203.26,207.51,217.65,211.03,208.41,222.32,239.0,242.29,226.94,204.62,199.45,186.77,200.0,197.29,215.97,223.52,222.82,208.13,202.84,200.99,207.8,216.66,227.8,230.05,242.97,231.87,227.74,219.87,211.73,220.07,219.62,215.68,217.32],"consensus":[48.6172,57.6987,-52.4729,32.2165,56.1711,0.0,39.9264,55.8672,0.0,-23.2365,-56.4013,53.1676,-11.7566,60.2168,23.9567,-44.6908,-32.2294,-62.6254,-21.5323,0.0,-64.1976,24.5524,0.0,-12.6353,16.9209,-18.0316,-52.1501,0.0,-48.0697,-33.0708,-24.9609,-48.9391,-52.3204,16.7917,-32.7209,17.4895,45.6382,36.9499,47.1877,0.0,23.0691,44.2379,0.0,14.0766,66.9165,57.5045,35.12,57.6415,51.5125,78.0183,55.3618,-8.9429,46.6483,0.0,16.9647,0.0,15.5408,-17.8023,39.422,-15.7001,0.0,52.9024,72.8146,36.6002,0.0,0.0,33.652,0.0,48.2398,-37.1957,14.7868,-15.0067,9.7929,49.9681,-10.2476,-8.368,52.4288,64.2124,43.9492,-9.5324,-51.3106,-40.2097,-61.5281,0.0,-25.929,43.8265,41.0801,22.5021,-29.2897,-28.2108,-23.9751,10.0154,27.6206,42.2955,27.9547,55.9452,-9.1577,0.0,-22.6658,-34.1614,8.7195,0.0,-14.2307,-3.1829],"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":[45.7366,0.0,31.2017,0.0,19.1628,-16.655,43.8033,-16.5412,0.0,54.3801,69.1894,36.7776,0.0,0.0,45.9128,0.0,44.9344,-37.3143,24.5712,-12.2296,16.9487,47.631,-13.0476,-14.984,54.6791,65.889,43.5391,-17.3949,-49.6625,-36.8818,-57.5044,0.0,-23.9393,43.488,35.3542,19.5204,-33.059,-24.0211,-17.4856,20.2514,27.7706,34.4711,20.7646,58.6609,-13.5308,0.0,-20.1224,-29.3116,17.3602,0.0,-15.0936,-1.6155],"force":[43.3178,0.0,4.8067,0.0,9.4452,-39.4396,55.8749,-37.0565,0.0,71.4396,93.4332,1.26,0.0,0.0,36.3438,0.0,67.0125,-82.8079,21.5529,-23.1219,26.6176,75.9456,-32.9438,-17.8717,69.4117,77.4519,27.6536,-56.894,-71.389,-34.2535,-73.2561,0.0,-20.5666,72.9212,54.1443,10.6248,-67.1257,-34.2014,-19.4033,33.77,38.8291,56.7228,19.2647,55.7482,-62.9912,0.0,-42.2086,-43.1365,24.1738,0.0,-16.1023,-9.1638],"direction":[50.0692,0.0,9.378,0.0,15.7553,-3.6582,22.6628,-0.5158,0.0,37.9727,62.2302,61.6405,0.0,0.0,17.717,0.0,38.6083,-4.4801,1.2284,-12.3838,10.4027,34.0836,-9.1641,-5.9813,37.7265,52.8395,56.0577,-33.2831,-38.8523,-48.2675,-57.7496,0.0,-32.0333,23.4314,38.2926,34.3936,-2.0439,-28.72,-34.6573,18.6505,19.443,40.9325,42.3791,52.9823,-34.2926,0.0,-11.6133,-33.2932,12.1944,0.0,-11.9077,-0.7021],"intensity":[48.0769,9.6154,25.0,5.7692,3.8462,26.9231,42.3077,25.0,5.7692,57.6923,100.0,90.3846,61.5385,92.3077,61.5385,40.3846,76.9231,94.2308,84.6154,40.3846,46.1538,88.4615,44.2308,46.1538,84.6154,98.0769,82.6923,98.0769,98.0769,67.3077,75.0,73.0769,15.3846,94.2308,96.1538,3.8462,73.0769,46.1538,30.7692,42.3077,86.5385,98.0769,17.3077,80.7692,51.9231,42.3077,53.8462,55.7692,38.4615,98.0769,96.1538,1.9231],"confirmation":[82.8398,6.2435,50.1746,3.9111,72.7321,51.707,81.0497,51.1054,24.9762,85.4712,91.9843,55.9657,33.7267,6.2334,78.6639,26.5041,84.0592,58.6242,50.3843,73.0918,28.4234,84.8171,28.5499,49.4759,85.2605,88.9259,81.5734,34.141,85.0564,80.7363,88.1077,33.9355,76.1642,82.9163,81.631,74.8841,56.2377,77.2739,75.6316,30.4183,77.1779,82.0935,76.7902,85.8551,34.4869,4.3272,75.8874,79.2791,28.3977,24.117,72.5977,23.8913],"persistence":[75.0,62.5,62.5,50.0,50.0,25.0,25.0,25.0,12.5,25.0,25.0,37.5,25.0,37.5,37.5,50.0,62.5,37.5,37.5,12.5,25.0,37.5,12.5,0.0,0.0,25.0,25.0,25.0,0.0,25.0,25.0,12.5,37.5,37.5,37.5,12.5,12.5,12.5,12.5,0.0,25.0,25.0,25.0,25.0,25.0,37.5,37.5,12.5,12.5,0.0,25.0,37.5],"assessmentRisk":[20.2521,39.2578,56.1406,2.3397,23.9117,18.0975,5.5612,2.8516,22.501,18.7193,13.4758,31.636,48.4523,38.87,52.2121,38.9699,9.2815,12.6649,32.9186,14.1037,44.4228,17.1517,15.767,31.3742,19.7489,16.6345,27.8926,52.0882,19.4518,29.7923,19.2313,50.6834,14.9676,21.2373,29.1776,36.3124,48.7137,25.0808,36.1981,48.2059,18.2379,28.2639,35.7996,21.9926,50.9072,1.5424,30.4369,32.8583,47.9632,37.0924,17.7621,29.6413],"volumeParticipation":true,"latest":{"consensus":-3.2,"control":-1.6,"force":-9.2,"direction":-0.7,"confirmation":23.9,"persistence":37.5,"assessmentRisk":29.6,"intensity":1.9,"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":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-3.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-1.6","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-9.2","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-0.7","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"24/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"50.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"9.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"16.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"50%","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 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