{"schema_version":"1.0","name":"LULG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"eaadd175-3ee7-4128-b1db-37f84647e54d","symbol":"LULG","name":"Leverage Shares 2X Long LULU Daily ETF","exchange":"NASDAQ","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Drawdown and recovery pressure, Directional strength and control, Range position and boundary pressure, Activity pressure and cumulative balance, Acceleration, deceleration and rollover."},{"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":42,"displayedObservations":42,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.985572,-1.3595,-1.440718,-1.483841,-1.522786,-1.385016,-1.198211,-0.982549,-0.766169,-0.656895,-0.471476,-0.311613,-0.143952,0.005385],"opens":[6.94,7.97,8.58,6.24,6.81,5.83,6.59,6.34,6.51,6.2,6.33,6.81,7.51,6.3],"highs":[7.9,8.98,8.759,7.36,6.87,6.46,6.6646,6.7951,6.87,6.36,6.77,7.52,7.51,6.6601],"lows":[6.68,7.66,5.6601,6.24,5.76,5.135,5.77,5.7,6.01,5.475,6.04,6.62,6.28,5.9],"closes":[7.8938,8.3619,6.24,6.71,5.9142,6.4509,6.5126,6.56,6.23,5.9734,6.43,7.4947,6.434,6.542],"hoverRows":[[{"label":"Open","value":"6.94","className":"is-ohlc","compact":true},{"label":"High","value":"7.90","className":"is-ohlc","compact":true},{"label":"Low","value":"6.68","className":"is-ohlc","compact":true},{"label":"Close","value":"7.89","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.99","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.97","className":"is-ohlc","compact":true},{"label":"High","value":"8.98","className":"is-ohlc","compact":true},{"label":"Low","value":"7.66","className":"is-ohlc","compact":true},{"label":"Close","value":"8.36","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.36","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.58","className":"is-ohlc","compact":true},{"label":"High","value":"8.76","className":"is-ohlc","compact":true},{"label":"Low","value":"5.66","className":"is-ohlc","compact":true},{"label":"Close","value":"6.24","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.44","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.24","className":"is-ohlc","compact":true},{"label":"High","value":"7.36","className":"is-ohlc","compact":true},{"label":"Low","value":"6.24","className":"is-ohlc","compact":true},{"label":"Close","value":"6.71","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.48","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.81","className":"is-ohlc","compact":true},{"label":"High","value":"6.87","className":"is-ohlc","compact":true},{"label":"Low","value":"5.76","className":"is-ohlc","compact":true},{"label":"Close","value":"5.91","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.52","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.83","className":"is-ohlc","compact":true},{"label":"High","value":"6.46","className":"is-ohlc","compact":true},{"label":"Low","value":"5.13","className":"is-ohlc","compact":true},{"label":"Close","value":"6.45","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.39","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.59","className":"is-ohlc","compact":true},{"label":"High","value":"6.66","className":"is-ohlc","compact":true},{"label":"Low","value":"5.77","className":"is-ohlc","compact":true},{"label":"Close","value":"6.51","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.20","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.34","className":"is-ohlc","compact":true},{"label":"High","value":"6.80","className":"is-ohlc","compact":true},{"label":"Low","value":"5.70","className":"is-ohlc","compact":true},{"label":"Close","value":"6.56","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.98","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.51","className":"is-ohlc","compact":true},{"label":"High","value":"6.87","className":"is-ohlc","compact":true},{"label":"Low","value":"6.01","className":"is-ohlc","compact":true},{"label":"Close","value":"6.23","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.77","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.20","className":"is-ohlc","compact":true},{"label":"High","value":"6.36","className":"is-ohlc","compact":true},{"label":"Low","value":"5.47","className":"is-ohlc","compact":true},{"label":"Close","value":"5.97","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.66","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.33","className":"is-ohlc","compact":true},{"label":"High","value":"6.77","className":"is-ohlc","compact":true},{"label":"Low","value":"6.04","className":"is-ohlc","compact":true},{"label":"Close","value":"6.43","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.47","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.81","className":"is-ohlc","compact":true},{"label":"High","value":"7.52","className":"is-ohlc","compact":true},{"label":"Low","value":"6.62","className":"is-ohlc","compact":true},{"label":"Close","value":"7.49","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.31","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.51","className":"is-ohlc","compact":true},{"label":"High","value":"7.51","className":"is-ohlc","compact":true},{"label":"Low","value":"6.28","className":"is-ohlc","compact":true},{"label":"Close","value":"6.43","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.14","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"6.30","className":"is-ohlc","compact":true},{"label":"High","value":"6.66","className":"is-ohlc","compact":true},{"label":"Low","value":"5.90","className":"is-ohlc","compact":true},{"label":"Close","value":"6.54","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.01","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[5.767338,8.508762],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.005385,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"21 Aug 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-08-21","price":6.542}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[16.0007,16.8122,16.221,19.5127,20.65,23.71,24.53,24.43,24.7788,23.1571,22.5512,20.095,16.25,16.46,16.6169,18.758,18.255,15.315,13.1515,13.8697,11.105,12.5759,13.7966,14.3676,10.3379,8.8607,8.4963,6.97,7.8938,8.3619,6.24,6.71,5.9142,6.4509,6.5126,6.56,6.23,5.9734,6.43,7.4947,6.434,6.542],"consensus":[8.2027,39.1032,46.4634,47.3717,74.879,66.7097,49.509,33.1425,50.054,-8.4848,-8.5922,-45.5227,-75.174,-37.8056,-30.867,14.3322,0.0,-53.1341,-63.839,-22.7563,-72.1587,-14.4473,0.0,0.0,-63.9921,-68.6618,-44.9309,-72.9816,0.0,-16.7156,-66.9612,-19.2794,-52.8011,-9.2082,-11.8238,-11.6281,-27.1113,-23.7372,0.0,29.128,-33.3942,-4.4204],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,66.0409,41.5422,17.2021,45.9237,-8.6385,-5.4698,-39.2949,-65.4939,-29.9337,-19.0317,23.0768,0.0,-57.4685,-64.6244,-19.4407,-72.3745,-3.7774,0.0,0.0,-65.6708,-68.4964,-39.562,-72.5531,0.0,-19.2603,-65.6017,-25.595,-57.2716,-1.4939,-11.5181,-9.9138,-37.7666,-25.6789,0.0,30.2263,-43.8936,-2.039],"force":[8.2027,39.1032,46.4634,47.3717,43.218,48.91,22.2597,0.2457,23.4383,-60.5571,-34.6153,-61.6622,-95.6463,-8.754,-5.5286,48.425,0.0,-59.8698,-68.4046,-20.9006,-81.3785,-23.8302,0.0,0.0,-86.8754,-79.8148,-28.2703,-83.0632,0.0,-21.624,-82.9043,-20.9512,-44.1259,-28.2342,-10.1968,-8.8499,-15.1752,-10.1427,0.0,50.4048,-47.9223,-18.1794],"direction":[null,null,null,null,97.494,80.1882,78.0779,75.209,73.7855,-28.8853,-6.4272,-41.1119,-71.6139,-67.5532,-62.4919,20.0135,0.0,-43.3692,-59.6804,-57.7292,-65.3265,-53.9825,0.0,0.0,-45.7284,-60.8845,-62.9673,-66.2701,0.0,-41.193,-57.1269,-40.7977,-53.8885,-48.1838,-27.9022,-28.2144,-23.4597,-31.2283,0.0,12.6752,-11.0177,-2.6859],"intensity":[null,null,null,null,75.0,100.0,83.3333,57.1429,12.5,44.4444,40.0,72.7273,91.6667,61.5385,14.2857,46.6667,37.5,64.7059,50.0,15.7895,65.0,38.0952,36.3636,17.3913,95.8333,88.0,46.1538,40.7407,32.1429,34.4828,53.3333,38.7097,15.625,9.0909,11.7647,2.8571,5.5556,10.8108,15.7895,43.5897,42.5,39.0244],"confirmation":[25.2915,35.1797,37.535,37.8256,67.8473,88.8148,83.1338,55.2167,83.2691,33.1286,27.628,83.154,92.8271,79.3324,54.6189,32.4283,1.5435,85.1421,88.5557,33.1275,91.3685,8.7029,6.6228,28.1079,89.1493,90.3142,81.952,91.6679,11.4127,31.4216,89.9342,31.9833,84.5638,8.3106,27.9592,27.6777,76.1495,75.152,27.2193,77.9527,78.9689,18.0791],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,25.0,50.0,50.0,62.5,62.5,62.5,62.5,62.5,62.5,50.0,62.5,75.0,75.0,75.0,75.0,62.5,62.5,75.0,87.5,87.5,87.5,87.5,87.5,100.0,100.0,87.5,62.5,62.5,50.0],"assessmentRisk":[null,null,null,null,12.436,16.6374,25.245,33.3547,24.7927,13.3983,39.2125,26.6793,12.3947,31.0091,34.3783,36.7394,41.8034,0.748,16.6996,38.3865,13.9006,38.416,15.3354,10.2232,14.0285,13.8916,27.221,13.477,40.9096,5.507,10.0845,1.8507,15.6245,37.9462,15.3281,0.3056,25.3021,12.8694,1.3737,24.3385,28.5018,28.2634],"volumeParticipation":true,"latest":{"consensus":-4.4,"control":-2.0,"force":-18.2,"direction":-2.7,"confirmation":18.1,"persistence":50.0,"assessmentRisk":28.3,"intensity":39.0,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-4.4","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-2.0","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-18.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-2.7","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"18/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"39.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"24.8%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"37.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"10%","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":[16.0007,16.8122,16.221,19.5127,20.65,23.71,24.53,24.43,24.7788,23.1571,22.5512,20.095,16.25,16.46,16.6169,18.758,18.255,15.315,13.1515,13.8697,11.105,12.5759,13.7966,14.3676,10.3379,8.8607,8.4963,6.97,7.8938,8.3619,6.24,6.71,5.9142,6.4509,6.5126,6.56,6.23,5.9734,6.43,7.4947,6.434,6.542],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,17.4761,18.6095,19.686,20.5485,21.3177,21.6521,21.8156,21.5028,20.5477,19.8045,19.2249,19.14,18.9791,18.3129,17.3745,16.7372,15.7132,15.1428,14.898,14.8016,13.99,13.0574,12.2281,11.2721,10.6579,10.2404,9.5131,9.0034,8.4417,8.0798,7.7948,7.5703,7.3266,7.0806,6.9623,7.0591,6.9454,6.8721],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,19.1206,18.9235,18.7526,18.753,18.7161,18.4642,18.0707,17.7595,17.2666,16.9191,16.6878,16.5159,16.0583,15.5252,15.0045,14.4094,13.9267,13.5145,12.9757,12.5115,12.0228,11.6101,11.2325,10.8864,10.5415,10.2031,9.9236,9.7437,9.4985,9.2795],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,27.8564,27.7411,27.3991,27.2924,27.109,26.894,26.6268,26.3798,26.2885,26.3967,26.3442,26.7897,26.9931,27.0734,26.9833,27.0308,26.6166,25.8313,24.9672,23.5957,22.2938,21.0502,20.0978,19.8084,19.3072,18.6472,17.3083,15.8366,14.9459,14.3927,13.5696,13.2415,12.5522],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}