{"schema_version":"1.0","name":"MARS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"fe0dc767-9db0-47e8-bb99-e41afc798749","symbol":"MARS","name":"Roundhill Space & Technology","exchange":"CBOE","country":"US","asset_type":"etf","currency":"USD","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, Activity pressure and cumulative balance, Range position and boundary pressure."},{"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":25,"displayedObservations":25,"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 risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["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"],"values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[25.48,24.08,25.53,25.75,25.39,29.39,29.81,32.63,30.46,30.845,34.29,37.86,44.35,41.26,36.0,34.21,31.72,29.25,31.9,27.78,24.72,23.3,23.25,27.7,28.38],"highs":[29.71,25.7192,27.12,28.5747,28.94,31.0,33.87,33.8599,31.3,33.79,37.9499,41.24,45.9212,41.33,37.33,35.0,32.249,32.71,32.09,27.78,25.38,24.0,27.77,29.0,29.155],"lows":[24.22,23.85,24.63,25.0,23.59,27.95,29.6,30.26,28.61,29.87,33.82,35.71,40.5009,33.81,31.8,31.72,27.25,29.155,27.71,23.675,23.32,22.29,22.95,27.01,25.85],"closes":[24.35,24.7972,25.64,25.08,28.94,29.95,32.75,30.46,30.52,33.78,36.47,41.24,42.98,34.41,33.46,32.83,28.15,31.36,27.92,24.4,23.47,23.43,27.77,28.2482,26.44],"hoverRows":[[{"label":"Open","value":"25.5","className":"is-ohlc","compact":true},{"label":"High","value":"29.7","className":"is-ohlc","compact":true},{"label":"Low","value":"24.2","className":"is-ohlc","compact":true},{"label":"Close","value":"24.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"24.1","className":"is-ohlc","compact":true},{"label":"High","value":"25.7","className":"is-ohlc","compact":true},{"label":"Low","value":"23.9","className":"is-ohlc","compact":true},{"label":"Close","value":"24.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.5","className":"is-ohlc","compact":true},{"label":"High","value":"27.1","className":"is-ohlc","compact":true},{"label":"Low","value":"24.6","className":"is-ohlc","compact":true},{"label":"Close","value":"25.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.8","className":"is-ohlc","compact":true},{"label":"High","value":"28.6","className":"is-ohlc","compact":true},{"label":"Low","value":"25.0","className":"is-ohlc","compact":true},{"label":"Close","value":"25.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.4","className":"is-ohlc","compact":true},{"label":"High","value":"28.9","className":"is-ohlc","compact":true},{"label":"Low","value":"23.6","className":"is-ohlc","compact":true},{"label":"Close","value":"28.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.4","className":"is-ohlc","compact":true},{"label":"High","value":"31.0","className":"is-ohlc","compact":true},{"label":"Low","value":"27.9","className":"is-ohlc","compact":true},{"label":"Close","value":"29.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.8","className":"is-ohlc","compact":true},{"label":"High","value":"33.9","className":"is-ohlc","compact":true},{"label":"Low","value":"29.6","className":"is-ohlc","compact":true},{"label":"Close","value":"32.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"32.6","className":"is-ohlc","compact":true},{"label":"High","value":"33.9","className":"is-ohlc","compact":true},{"label":"Low","value":"30.3","className":"is-ohlc","compact":true},{"label":"Close","value":"30.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"30.5","className":"is-ohlc","compact":true},{"label":"High","value":"31.3","className":"is-ohlc","compact":true},{"label":"Low","value":"28.6","className":"is-ohlc","compact":true},{"label":"Close","value":"30.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"30.8","className":"is-ohlc","compact":true},{"label":"High","value":"33.8","className":"is-ohlc","compact":true},{"label":"Low","value":"29.9","className":"is-ohlc","compact":true},{"label":"Close","value":"33.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.3","className":"is-ohlc","compact":true},{"label":"High","value":"37.9","className":"is-ohlc","compact":true},{"label":"Low","value":"33.8","className":"is-ohlc","compact":true},{"label":"Close","value":"36.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"37.9","className":"is-ohlc","compact":true},{"label":"High","value":"41.2","className":"is-ohlc","compact":true},{"label":"Low","value":"35.7","className":"is-ohlc","compact":true},{"label":"Close","value":"41.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"44.4","className":"is-ohlc","compact":true},{"label":"High","value":"45.9","className":"is-ohlc","compact":true},{"label":"Low","value":"40.5","className":"is-ohlc","compact":true},{"label":"Close","value":"43.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"41.3","className":"is-ohlc","compact":true},{"label":"High","value":"41.3","className":"is-ohlc","compact":true},{"label":"Low","value":"33.8","className":"is-ohlc","compact":true},{"label":"Close","value":"34.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.0","className":"is-ohlc","compact":true},{"label":"High","value":"37.3","className":"is-ohlc","compact":true},{"label":"Low","value":"31.8","className":"is-ohlc","compact":true},{"label":"Close","value":"33.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.2","className":"is-ohlc","compact":true},{"label":"High","value":"35.0","className":"is-ohlc","compact":true},{"label":"Low","value":"31.7","className":"is-ohlc","compact":true},{"label":"Close","value":"32.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"31.7","className":"is-ohlc","compact":true},{"label":"High","value":"32.2","className":"is-ohlc","compact":true},{"label":"Low","value":"27.2","className":"is-ohlc","compact":true},{"label":"Close","value":"28.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.2","className":"is-ohlc","compact":true},{"label":"High","value":"32.7","className":"is-ohlc","compact":true},{"label":"Low","value":"29.2","className":"is-ohlc","compact":true},{"label":"Close","value":"31.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"31.9","className":"is-ohlc","compact":true},{"label":"High","value":"32.1","className":"is-ohlc","compact":true},{"label":"Low","value":"27.7","className":"is-ohlc","compact":true},{"label":"Close","value":"27.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"27.8","className":"is-ohlc","compact":true},{"label":"High","value":"27.8","className":"is-ohlc","compact":true},{"label":"Low","value":"23.7","className":"is-ohlc","compact":true},{"label":"Close","value":"24.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"24.7","className":"is-ohlc","compact":true},{"label":"High","value":"25.4","className":"is-ohlc","compact":true},{"label":"Low","value":"23.3","className":"is-ohlc","compact":true},{"label":"Close","value":"23.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.3","className":"is-ohlc","compact":true},{"label":"High","value":"24.0","className":"is-ohlc","compact":true},{"label":"Low","value":"22.3","className":"is-ohlc","compact":true},{"label":"Close","value":"23.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.2","className":"is-ohlc","compact":true},{"label":"High","value":"27.8","className":"is-ohlc","compact":true},{"label":"Low","value":"22.9","className":"is-ohlc","compact":true},{"label":"Close","value":"27.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"27.7","className":"is-ohlc","compact":true},{"label":"High","value":"29.0","className":"is-ohlc","compact":true},{"label":"Low","value":"27.0","className":"is-ohlc","compact":true},{"label":"Close","value":"28.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.4","className":"is-ohlc","compact":true},{"label":"High","value":"29.2","className":"is-ohlc","compact":true},{"label":"Low","value":"25.9","className":"is-ohlc","compact":true},{"label":"Close","value":"26.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[22.257,44.153],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Zone progression","detail":"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.","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":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":41.24}],"reversal_dangers":[{"date":"2026-05-29","price":42.98}]}},"smTape":{"available":true,"dates":["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":[24.35,24.7972,25.64,25.08,28.94,29.95,32.75,30.46,30.52,33.78,36.47,41.24,42.98,34.41,33.46,32.83,28.15,31.36,27.92,24.4,23.47,23.43,27.77,28.2482,26.44],"consensus":[-95.2641,0.0,-18.8755,-55.404,56.5539,35.9411,52.0591,0.0,23.1464,61.6694,60.1248,80.0951,52.1565,-29.5864,-18.8917,-22.7228,-59.5626,0.0,-49.8749,-57.4022,-48.1059,-30.2478,20.3409,8.1356,-21.3427],"supportDates":["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,32.3402,52.5012,0.0,23.0537,60.884,51.7527,77.1102,36.0805,-33.7332,-12.8831,-12.7925,-52.5191,0.0,-52.2282,-59.7299,-53.5038,-20.6674,31.6851,5.5042,-33.8976],"force":[-95.2641,0.0,-18.8755,-55.404,42.1139,18.0035,34.157,0.0,9.3233,69.5291,70.4916,89.8171,43.4772,-83.406,-36.7499,-30.0088,-84.7721,0.0,-52.7054,-53.2939,-28.6084,-5.9581,51.7053,16.4383,-20.0688],"direction":[null,null,null,null,66.8682,52.8689,64.341,0.0,33.1259,56.9531,62.2879,76.5621,76.7287,-13.5955,-13.0026,-28.8673,-49.6057,0.0,-45.1637,-57.6765,-55.8636,-58.5466,15.0272,5.2126,-7.904],"intensity":[null,null,null,null,75.0,100.0,50.0,42.8571,50.0,66.6667,90.0,100.0,100.0,100.0,64.2857,26.6667,81.25,41.1765,50.0,73.6842,25.0,4.7619,77.2727,65.2174,16.6667],"confirmation":[53.1512,0.4314,28.7068,40.3959,62.7705,79.0093,84.1066,33.1359,74.987,87.9857,87.6834,93.9722,84.6705,36.6117,74.6811,75.6447,87.9357,29.6666,84.0104,86.208,82.7174,54.4184,33.1645,25.5632,51.9329],"persistence":[null,null,66.6667,75.0,40.0,16.6667,0.0,0.0,25.0,37.5,62.5,87.5,87.5,62.5,37.5,25.0,0.0,12.5,37.5,62.5,87.5,87.5,62.5,37.5,37.5],"assessmentRisk":[null,null,null,null,21.3443,31.9374,23.9636,48.3914,23.8838,17.5805,18.2596,9.9501,23.9215,24.2912,26.6093,38.0071,20.1922,37.2372,20.4014,20.3029,18.8626,33.6176,12.1787,35.1946,46.5651],"volumeParticipation":true,"latest":{"consensus":-21.3,"control":-33.9,"force":-20.1,"direction":-7.9,"confirmation":51.9,"persistence":37.5,"assessmentRisk":46.6,"intensity":16.7,"evidenceDepth":96},"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 easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-21.3","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-33.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-20.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-7.9","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"52/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"47.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"15.9%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"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":[24.35,24.7972,25.64,25.08,28.94,29.95,32.75,30.46,30.52,33.78,36.47,41.24,42.98,34.41,33.46,32.83,28.15,31.36,27.92,24.4,23.47,23.43,27.77,28.2482,26.44],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,25.4947,26.3047,27.4766,28.019,28.4738,29.4385,30.717,32.6303,34.512,34.4935,34.3056,34.0373,32.9669,32.6747,31.8102,30.4629,29.1915,28.1439,28.0759,28.1073,27.8041],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,29.76,30.1044,30.353,30.5365,30.3597,30.4338,30.2476,29.8144,29.3445,28.9064,28.8222,28.7797,28.6064],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,35.163,37.0323,40.2064,42.9429,42.8549,42.6421,42.3818,41.9895,41.686,41.3545,41.2091,41.2855,41.3947,41.3295,41.2163,41.2571],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,22.0904,21.6472,20.4564,19.6659,20.1976,20.6682,21.0753,21.0466,21.3326,21.2862,20.7397,20.5753,20.3293,20.6075,21.0376,20.7467],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,1.8366,3.3988,-2.1841,15.3907,3.49,9.3489,-6.9924,0.197,10.6815,7.9633,13.0792,4.2192,-19.9395,-2.7608,-1.8828,-14.2553,11.4032,-10.9694,-12.6074,-3.8115,-0.1704,18.5233,1.722,-6.4011],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,1.8366,5.2977,2.9979,18.8501,22.9979,34.4969,25.0924,25.3388,38.7269,49.7741,69.3634,76.5092,41.3142,37.4127,34.8255,15.6057,28.7885,14.6612,0.2053,-3.614,-3.7782,14.0452,16.009,8.5832],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[22.5462,7.5379,9.7114,14.2532,18.4865,10.1836,13.0382,11.8185,8.8139,11.6045,11.3241,13.4093,12.6112,21.8541,16.5272,9.9909,17.7584,11.3361,15.6877,16.8238,8.7772,7.2983,17.3569,7.0447,12.5],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[-4.4349,2.9784,0.4309,-2.6019,13.9819,1.9054,9.8625,-6.6503,0.197,9.5153,6.3575,8.9276,-3.0891,-16.602,-7.0556,-4.0339,-11.2547,7.2137,-12.4765,-12.167,-5.0566,0.5579,19.4409,1.9791,-6.8358],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery 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 tape.","series":[{"label":"Drawdown","values":[0.0,0.0,0.0,-2.1841,0.0,0.0,0.0,-6.9924,-6.8092,0.0,0.0,0.0,0.0,-19.9395,-22.1498,-23.6156,-34.5044,-27.0358,-35.0396,-43.2294,-45.3932,-45.4863,-35.3886,-34.2759,-38.483],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,25.0924,25.3388,38.7269,49.7741,69.3634,76.5092,41.3142,37.4127,34.8255,15.6057,28.7885,14.6612,0.2053,0.0,0.0,18.5233,20.5642,12.8468],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,125.7999,104.7392,133.9513,267.5622,263.7864,325.9839,204.0898,184.3316,139.1632,118.0526,40.9721,32.8398,41.0661,24.5647,31.1995,32.5813,29.6383,17.7433],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,123.4784,133.1283,135.0,135.0,135.0,135.0,127.2424,119.7868,114.0071,109.0483,110.7116,109.4264,107.8676,106.9356,105.756,106.9923,108.0988,107.4466],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,66.8288,67.4125,99.1245,89.6942,100.0,86.8292,48.4524,44.1983,41.3771,20.4199,34.7944,19.3899,3.6272,0.6637,4.8241,23.1897,25.2133,17.5615],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-10.0679,-9.8908,-0.2657,-3.8996,0.0,-6.4049,-25.0673,-27.1361,-28.508,-38.6993,-31.7091,-39.2002,-46.8655,-48.8907,-48.9778,-39.5268,-38.4855,-42.4231],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,29.1225,29.3769,43.1963,54.5994,74.8198,82.1958,45.8669,41.8398,39.1691,19.3302,32.9377,18.3552,3.4337,0.6432,5.1144,24.585,26.7304,18.6182],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/fe0dc767-9db0-47e8-bb99-e41afc798749/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/fe0dc767-9db0-47e8-bb99-e41afc798749/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/fe0dc767-9db0-47e8-bb99-e41afc798749/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/fe0dc767-9db0-47e8-bb99-e41afc798749/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/fe0dc767-9db0-47e8-bb99-e41afc798749/technical-pack/data.json"},"source_fingerprint":"b26095551b5556a3222480513085d171a442ba206d8dede7ba61d207bcb91741","content_hash":"b2d6a57e138a0bfc6e99bdaf12e3b36f2330063e69eff434eb3544553e008b62","citation":"Sharemaestro, MARS Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/fe0dc767-9db0-47e8-bb99-e41afc798749/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}