{"schema_version":"1.0","name":"YSMC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"e899186e-9565-4ef5-8d20-ff4ff44011b7","symbol":"YSMC","name":"IncomeShares Super Micro Computer (SMCI) Options ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","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, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance."},{"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":21,"displayedObservations":21,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","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 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travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","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":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-29","price":873.7677}],"reversal_dangers":[{"date":"2026-06-05","price":627.3223}]}},"smTape":{"available":true,"dates":["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":[573.7502,603.638,654.43,653.4316,649.4382,700.5,650.0,721.125,873.7677,627.3223,447.0684,446.0959,422.1917,375.5,379.9,317.8,373.3,340.2,349.75,421.3,400.45],"consensus":[100.0,100.0,77.0642,10.6442,59.9317,69.3108,-12.8687,76.1914,86.1236,-41.7409,-68.5709,-56.2264,-38.4777,-58.9219,-30.0083,-58.4155,0.0,-64.5438,-18.0942,32.4234,-26.2238],"supportDates":["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":[null,null,null,null,null,69.5633,-26.7324,68.1133,84.8168,-39.3445,-68.5271,-57.4343,-20.8803,-38.8174,-15.9639,-53.6093,0.0,-64.4877,-7.8547,25.0289,-36.5888],"force":[100.0,100.0,77.0642,10.6442,13.0468,55.7249,-45.5208,90.3394,87.7056,-38.9727,-53.1426,-22.8121,-9.6588,-60.3331,-9.5696,-33.9927,0.0,-74.9762,-14.8388,86.7443,-26.9492],"direction":[null,null,null,null,93.4209,78.7262,-26.2984,75.3179,86.4871,-46.4568,-79.6412,-78.7132,-79.1739,-80.8904,-74.3289,-81.3531,0.0,-57.1564,-53.32,2.0736,-13.8601],"intensity":[null,null,null,null,25.0,80.0,66.6667,100.0,100.0,100.0,80.0,9.0909,33.3333,46.1538,7.1429,73.3333,81.25,41.1765,44.4444,84.2105,30.0],"confirmation":[54.6667,54.6667,47.3272,26.0728,62.3682,89.7615,33.1788,92.9355,95.6277,81.3092,89.4732,84.9557,79.7027,87.2044,33.3187,86.0219,13.3518,88.9728,8.1081,57.477,55.0],"persistence":[null,null,100.0,100.0,100.0,100.0,71.4286,75.0,75.0,50.0,25.0,0.0,25.0,50.0,50.0,75.0,87.5,87.5,87.5,62.5,62.5],"assessmentRisk":[null,null,null,null,19.908,15.3132,0.2741,8.9114,6.9014,9.454,12.9989,21.2713,30.7447,19.894,14.4488,14.0072,20.8401,15.3317,5.8279,22.303,26.6092],"volumeParticipation":true,"latest":{"consensus":-26.2,"control":-36.6,"force":-26.9,"direction":-13.9,"confirmation":55.0,"persistence":62.5,"assessmentRisk":26.6,"intensity":30.0,"evidenceDepth":81},"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 downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-26.2","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-36.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-26.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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