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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":55.0,"averageReturn":-4.8,"sample":20},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 55.0% of comparable cases moved lower after 12 weeks, with an average move of -4.8% across 20 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 83.3% of completed 12-week outcomes were higher across 6 cases. Distinct visits lasted 2.2 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 32.3% across 20 completed cases, with the largest move arriving after 8.2 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."},{"eyebrow":"Position management","title":"Size for the path, not only the eventual long reward","tone":"positive","finding":"Across 1 completed accumulation cycles, the average gross long opportunity was 294.2%, while the average adverse move was 18.4%.","approach":"Scale exposure only as confirmation improves, and keep enough risk capacity to survive the ticker's observed adverse path.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[],"price_pressure_gaps":[]}},"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":[1.92,2.04,1.97,2.3,2.13,2.2,2.37,2.49,2.34,2.26,2.23,1.94,1.62,1.74,1.93,1.7,1.64,1.59,1.615,1.63,1.66,1.72,1.71,1.79,1.67,1.7101,1.79,1.69,1.67,1.7406,1.6,1.44,1.34,1.1,1.31,1.6,1.69,1.68,1.66,1.7,1.745,1.7,2.79,3.17,2.45,2.23,2.31,2.18,1.92,2.07,2.0,2.02,1.76,1.72,1.86,1.82,1.92,1.76,1.75,1.74,1.77,2.01,1.99,1.96,2.09,1.915,2.12,1.99,2.11,2.35,1.84,1.61,1.59,1.71,1.62,1.54,1.5,1.27,1.3,1.35,1.45,1.69,1.6,1.6,1.725,1.74,1.73,1.705,1.49,1.49,1.36,1.57,1.68,1.71,1.57,1.61,1.69,1.87,1.44,1.29,1.12,1.15,0.87,0.8391],"consensus":[-14.563,9.1813,-15.6652,41.982,-15.4841,12.172,31.7805,33.5363,0.0,0.0,0.0,-48.6856,-60.3872,-17.6238,0.0,-40.7041,-26.7578,-23.0036,-29.2542,-15.7389,-11.24,9.8772,0.0,15.976,-25.3507,0.0,10.5048,-23.6491,-8.6169,9.8577,-39.1081,-50.4044,-48.5929,-64.9193,0.0,37.4137,32.3154,11.7289,10.2303,17.346,25.8842,0.0,69.9355,72.8228,-8.8462,0.0,0.0,-21.8391,-42.7702,11.1207,-21.0192,-9.0951,-50.0863,-40.359,0.0,-23.4081,23.0832,-28.3367,-18.5173,-22.5623,0.0,37.0969,15.773,0.0,33.1867,-18.0112,35.3605,-8.469,22.5508,53.3052,-49.6848,-51.421,-24.0013,0.0,-30.5489,-28.8094,-33.91,-58.5084,-23.7492,-9.5493,0.0,38.3421,0.0,0.0,33.2139,14.9345,13.8109,9.899,-34.637,-17.66,-39.9346,23.7681,28.5094,20.6882,-13.1822,0.0,24.6584,51.2623,-52.319,-45.2693,-50.5183,-30.4191,-72.8196,-39.6338],"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":[-48.4168,-45.6118,0.0,-22.2286,21.453,-27.6196,-18.3409,-27.1341,0.0,26.4771,13.4901,0.0,30.0619,-17.0094,36.1674,-12.9392,18.7911,43.3135,-47.1462,-46.2578,-15.3834,0.0,-31.0896,-33.8324,-42.933,-61.0754,-16.2818,-1.3687,0.0,34.9506,0.0,0.0,34.8501,15.5224,11.3118,7.2635,-37.6331,-13.8688,-37.9889,30.9865,23.7136,17.9493,-25.6922,0.0,30.2742,46.769,-50.7802,-40.332,-45.6449,-26.2528,-72.1482,-31.7928],"force":[-76.9362,-30.2674,0.0,-19.9538,52.8433,-45.7158,-8.9544,-13.9892,0.0,70.8452,10.1518,0.0,40.1368,-36.0478,49.6505,-21.3919,39.7647,83.8699,-87.6758,-73.8028,-10.1327,0.0,-25.9913,-19.1178,-21.3615,-60.8585,-0.2415,-15.8404,0.0,59.3633,0.0,0.0,36.3468,9.3971,7.0927,4.9382,-39.7419,-10.5627,-43.3226,57.8171,44.2471,16.5377,-26.4406,0.0,32.5601,76.6718,-89.6103,-55.9587,-54.1632,-6.5214,-91.4123,-27.7117],"direction":[-32.8158,-41.564,0.0,-27.2234,3.689,-16.7426,-25.5495,-23.461,0.0,25.128,22.3973,0.0,31.7935,-6.2728,24.2312,-5.8704,14.552,42.8923,-25.4494,-41.3349,-43.7565,0.0,-33.1863,-29.9914,-32.5613,-53.8961,-49.4197,-40.1626,0.0,27.2029,0.0,0.0,29.1063,18.2177,21.4658,16.4545,-27.5665,-27.0624,-39.7382,8.8023,22.749,26.783,-10.5853,0.0,12.5964,38.2478,-27.441,-43.2766,-53.4843,-52.2503,-60.3064,-57.1107],"intensity":[73.0769,57.6923,46.1538,42.3077,28.8462,57.6923,13.4615,13.4615,50.0,92.3077,76.9231,65.3846,48.0769,63.4615,73.0769,50.0,76.9231,75.0,90.3846,88.4615,55.7692,51.9231,17.3077,17.3077,13.4615,75.0,67.3077,11.5385,57.6923,67.3077,48.0769,25.0,30.7692,21.1538,23.0769,13.4615,69.2308,11.5385,46.1538,71.1538,78.8462,55.7692,44.2308,23.0769,13.4615,78.8462,96.1538,88.4615,90.3846,30.7692,88.4615,42.3077],"confirmation":[84.8713,80.5273,29.3646,75.4033,53.6518,77.6083,73.6368,74.889,4.624,81.0614,72.9108,27.348,78.8792,51.6619,79.7386,49.6215,75.7982,86.1414,85.0956,85.2155,75.3891,6.6989,77.6285,76.8471,78.3313,86.7552,52.3673,6.1196,4.7938,80.9618,28.3199,24.9669,78.699,72.6013,49.5862,25.7233,79.1938,73.4927,80.912,33.078,77.6757,74.5355,29.3566,24.736,76.0459,85.2468,85.902,82.8872,84.3512,54.4026,91.8791,88.439],"persistence":[50.0,62.5,62.5,62.5,37.5,62.5,62.5,62.5,50.0,25.0,12.5,0.0,0.0,0.0,25.0,25.0,37.5,37.5,12.5,0.0,25.0,12.5,37.5,37.5,62.5,87.5,87.5,87.5,75.0,62.5,50.0,37.5,12.5,12.5,37.5,62.5,50.0,25.0,12.5,25.0,25.0,25.0,0.0,12.5,12.5,37.5,37.5,12.5,12.5,37.5,37.5,50.0],"assessmentRisk":[6.0842,14.9672,18.932,21.0204,18.8996,28.0345,24.8267,16.4227,40.2557,29.4994,40.2636,48.5267,32.8171,25.4329,21.6804,16.031,3.4714,23.1596,19.7461,21.866,37.3666,47.4228,25.0583,2.6258,4.392,19.6002,34.4459,33.8944,12.431,29.3994,49.4621,45.0514,32.4978,12.7556,34.1034,32.2299,30.5477,39.5149,29.9108,51.8794,31.177,36.9216,54.2851,14.3258,7.8863,18.2049,6.5437,25.1264,24.6023,34.7725,13.4145,29.5531],"volumeParticipation":true,"latest":{"consensus":-39.6,"control":-31.8,"force":-27.7,"direction":-57.1,"confirmation":88.4,"persistence":50.0,"assessmentRisk":29.6,"intensity":42.3,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-39.6","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-31.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-27.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-57.1","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"88/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"31.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"36.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"15.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"9%","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 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