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positive","kind":"disagreement","expectedDirection":"higher","episodes":6,"completedEpisodes":2,"activeEpisodes":4,"medianExpectedMove":0.8,"averageExpectedMove":0.8,"averageWeeksToLargestMove":4.5,"horizons":[{"weeks":4,"sample":4,"expectedCount":1,"expectedPercent":25.0,"averageReturn":-0.8,"medianReturn":-3.0,"confidenceLow":4.6,"confidenceHigh":69.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-9.3,"medianReturn":-9.3,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.7,"sample":5},{"week":2,"averageReturn":1.8,"sample":5},{"week":3,"averageReturn":-1.5,"sample":5},{"week":4,"averageReturn":-0.8,"sample":4},{"week":5,"averageReturn":-1.3,"sample":4},{"week":6,"averageReturn":-7.1,"sample":3},{"week":7,"averageReturn":-3.1,"sample":3},{"week":8,"averageReturn":-4.4,"sample":3},{"week":9,"averageReturn":-5.5,"sample":3},{"week":10,"averageReturn":-2.1,"sample":3},{"week":11,"averageReturn":-6.1,"sample":3},{"week":12,"averageReturn":-9.3,"sample":2},{"week":13,"averageReturn":-3.9,"sample":2},{"week":14,"averageReturn":-11.2,"sample":2},{"week":15,"averageReturn":-9.8,"sample":1},{"week":16,"averageReturn":-10.8,"sample":1},{"week":17,"averageReturn":-14.7,"sample":1},{"week":18,"averageReturn":-11.6,"sample":1},{"week":19,"averageReturn":-10.0,"sample":1},{"week":20,"averageReturn":-8.7,"sample":1},{"week":21,"averageReturn":-4.0,"sample":1},{"week":22,"averageReturn":-12.1,"sample":1},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":10.7,"averageExpectedMove":10.7,"averageWeeksToLargestMove":5.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-4.4,"medianReturn":-4.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-8.7,"medianReturn":-8.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-16.0,"medianReturn":-16.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.9,"sample":1},{"week":2,"averageReturn":-5.3,"sample":1},{"week":3,"averageReturn":-4.8,"sample":1},{"week":4,"averageReturn":-4.4,"sample":1},{"week":5,"averageReturn":-10.7,"sample":1},{"week":6,"averageReturn":-8.7,"sample":1},{"week":7,"averageReturn":-5.9,"sample":1},{"week":8,"averageReturn":-8.1,"sample":1},{"week":9,"averageReturn":-5.7,"sample":1},{"week":10,"averageReturn":-7.8,"sample":1},{"week":11,"averageReturn":-4.2,"sample":1},{"week":12,"averageReturn":-8.7,"sample":1},{"week":13,"averageReturn":-9.2,"sample":1},{"week":14,"averageReturn":-7.4,"sample":1},{"week":15,"averageReturn":-12.0,"sample":1},{"week":16,"averageReturn":-17.9,"sample":1},{"week":17,"averageReturn":-12.3,"sample":1},{"week":18,"averageReturn":-18.2,"sample":1},{"week":19,"averageReturn":-13.8,"sample":1},{"week":20,"averageReturn":-14.7,"sample":1},{"week":21,"averageReturn":-18.5,"sample":1},{"week":22,"averageReturn":-15.5,"sample":1},{"week":23,"averageReturn":-14.0,"sample":1},{"week":24,"averageReturn":-12.7,"sample":1},{"week":25,"averageReturn":-8.2,"sample":1},{"week":26,"averageReturn":-16.0,"sample":1}]},"currentApplication":{"status":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"steady","zone":"middle","zoneContext":"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.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"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":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","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 1 cases. Distinct visits lasted 1.0 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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-02-20","price":1000.0}],"reversal_dangers":[{"date":"2026-02-27","price":1019.109985}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[1000.0,1019.11,947.0,952.0,956.0,893.0,913.0,941.0,919.0,943.0,922.0,958.0,913.0,908.0,926.0,880.0,821.0,877.0,818.0,862.0,853.0,815.0,845.0,860.0,873.0,918.0,840.0],"consensus":[0.0,100.0,-31.9444,75.5556,-52.839,-65.5917,-14.6758,0.0,-51.1076,28.7412,-31.533,31.9522,-50.2955,-24.9196,0.0,-40.633,-49.0442,-10.3241,-60.4253,0.0,-23.6595,-48.1122,9.2137,0.0,17.6088,52.7931,-42.997],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,-66.5472,-6.6162,0.0,-46.8097,23.8209,-38.0677,30.5497,-47.0668,-13.7976,0.0,-30.8761,-48.7051,-4.3692,-69.6576,0.0,-40.809,-49.6841,8.126,0.0,17.3775,49.6379,-48.0604],"force":[0.0,100.0,-31.9444,75.5556,-0.4196,-41.6595,-23.2336,0.0,-49.4258,60.1802,-33.7107,47.8207,-76.3929,-10.3532,0.0,-24.8097,-34.0576,-13.849,-49.182,0.0,-12.7227,-40.9376,37.1513,0.0,28.5841,67.9737,-69.4934],"direction":[null,null,null,null,-90.2814,-81.5942,-66.0876,0.0,-57.2208,11.908,-22.5094,22.2204,-35.3444,-48.035,0.0,-63.086,-60.1364,-34.3962,-57.905,0.0,-11.8723,-51.4406,9.4986,0.0,10.0336,45.5556,-18.2842],"intensity":[null,null,null,null,50.0,60.0,33.3333,85.7143,12.5,22.2222,10.0,45.4545,58.3333,61.5385,71.4286,100.0,62.5,76.4706,61.1111,36.8421,5.0,57.1429,22.7273,8.6957,12.5,56.0,92.3077],"confirmation":[0.0,54.6667,32.8889,46.8444,37.1788,88.2454,10.2333,31.9166,84.3687,78.2303,78.0574,78.7297,84.9391,75.6998,2.7815,80.669,83.2426,5.6122,86.8528,5.6817,74.9764,83.1533,28.5094,27.1306,73.9728,85.4045,55.0],"persistence":[null,null,0.0,25.0,0.0,16.6667,28.5714,25.0,37.5,37.5,37.5,37.5,37.5,37.5,25.0,37.5,37.5,62.5,62.5,75.0,75.0,75.0,62.5,50.0,25.0,0.0,0.0],"assessmentRisk":[null,null,null,null,15.7036,17.0693,28.2858,16.3752,13.0423,29.9112,28.6524,6.6215,16.7293,26.2741,5.7213,29.081,25.0657,28.5931,19.4803,19.8922,46.1556,22.0243,25.269,5.9263,15.3154,23.1265,15.8274],"volumeParticipation":true,"latest":{"consensus":-43.0,"control":-48.1,"force":-69.5,"direction":-18.3,"confirmation":55.0,"persistence":0.0,"assessmentRisk":15.8,"intensity":92.3,"evidenceDepth":100},"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":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-43.0","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-48.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-69.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-18.3","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"47.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"6.4%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"36.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"18%","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 downward.","series":[{"label":"Close","values":[1000.0,1019.11,947.0,952.0,956.0,893.0,913.0,941.0,919.0,943.0,922.0,958.0,913.0,908.0,926.0,880.0,821.0,877.0,818.0,862.0,853.0,815.0,845.0,860.0,873.0,918.0,840.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,980.3118,964.4369,955.0847,952.5239,946.4286,945.8052,941.477,944.4812,938.7573,933.1651,931.8623,922.4328,903.9905,899.0831,884.3407,880.2788,875.319,864.3519,860.8334,860.6819,862.9215,872.9358,866.9475],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,961.5484,957.5818,955.2424,949.6689,940.1379,935.461,926.7602,921.9631,916.8548,909.31,904.5463,901.2465,899.1542,900.5502,896.065],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,1020.4377,1016.3334,1014.6724,1011.8695,1009.4524,1006.5761,1007.1276,1017.3465,1015.3543,1020.1199,1018.0699,1007.1853,992.1435,987.556,980.4053,971.3943,973.6968,971.7261],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,876.1843,875.5047,879.1793,876.7628,873.9919,874.7719,866.6362,842.7841,838.8802,822.6285,818.7411,814.9257,809.5565,803.944,801.8947,802.6057,802.8032,797.4739],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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","2026-08-21"]},{"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,4.5397,4.6889,5.0767,5.6706,5.5157,6.0238,5.7472,5.5354,5.8704,5.6126,5.6607,5.7508,5.5373,6.4271],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,15.2116,14.888,14.3087,14.3073,14.3843,14.0117,14.9956,18.7688,19.0347,21.4344,21.7038,21.103,20.2683,20.4981,20.0315,19.0292,19.2394,19.6984],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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","2026-08-21"]},{"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,36.2141],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,9.6622,17.5657,15.8526,14.1257,21.9266,19.9877,23.5067,22.9022,20.9874,22.2202,20.101,20.8023,24.4174,21.3483],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,33.8031,29.7993,33.9279,38.8239,34.6963,38.4414,35.5038,34.5908,39.7607,37.2456,35.7476,32.1874,29.5189,30.3071],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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","2026-08-21"]},{"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 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