{
  "ticker": {
    "uuid": "a709e59d-031f-4bfe-810b-78ef10338b8c",
    "symbol": "SMCX",
    "name": "Defiance Daily Target 2x Long SMCI ETF",
    "exchange": "NASDAQ",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 8.89,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 69.305789,
    "boundary_margin": -0.871728,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "High",
    "annualized_volatility": 2.487709,
    "volatility_stability": 1.2285,
    "risk_context": 0.0402,
    "current_regime": {
      "move": -0.693487,
      "interruption": 3.042759,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 70.512,
    "interpretation": {
      "label": "Negative across all Trend views",
      "headline": "All measured Trend views are negative",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend is established.",
      "boundary_context": "The latest close is 87.2% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is high."
    },
    "chart_path": [
      {
        "date": "2025-08-22",
        "close": 65.680327,
        "direction_boundary": 741.589207,
        "core_momentum": -0.911433,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.923924
      },
      {
        "date": "2025-08-29",
        "close": 58.16085,
        "direction_boundary": 349.502208,
        "core_momentum": -0.833589,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.685979
      },
      {
        "date": "2025-09-05",
        "close": 54.612118,
        "direction_boundary": 268.936386,
        "core_momentum": -0.796933,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.667195
      },
      {
        "date": "2025-09-12",
        "close": 66.85045,
        "direction_boundary": 371.370074,
        "core_momentum": -0.81999,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.676668
      },
      {
        "date": "2025-09-19",
        "close": 68.672772,
        "direction_boundary": 368.684546,
        "core_momentum": -0.813736,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.677477
      },
      {
        "date": "2025-09-26",
        "close": 68.346672,
        "direction_boundary": 302.313655,
        "core_momentum": -0.773921,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 1.560713
      },
      {
        "date": "2025-10-03",
        "close": 86.627441,
        "direction_boundary": 290.804252,
        "core_momentum": -0.702111,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 1.527783
      },
      {
        "date": "2025-10-10",
        "close": 87.85511,
        "direction_boundary": 379.810303,
        "core_momentum": -0.768687,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 1.514122
      },
      {
        "date": "2025-10-17",
        "close": 84.498201,
        "direction_boundary": 368.684546,
        "core_momentum": -0.770812,
        "direction": "negative",
        "trend_agreement": 0.5,
        "volatility": 1.504281
      },
      {
        "date": "2025-10-24",
        "close": 70.840376,
        "direction_boundary": 367.917253,
        "core_momentum": -0.807456,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 1.485759
      },
      {
        "date": "2025-10-31",
        "close": 80.987833,
        "direction_boundary": 80.949469,
        "core_momentum": 0.000474,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 1.470152
      },
      {
        "date": "2025-11-07",
        "close": 45.864971,
        "direction_boundary": 67.521832,
        "core_momentum": -0.320739,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.671999
      },
      {
        "date": "2025-11-14",
        "close": 37.827572,
        "direction_boundary": 37.597383,
        "core_momentum": 0.006122,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 1.370149
      },
      {
        "date": "2025-11-21",
        "close": 29.003696,
        "direction_boundary": 104.639657,
        "core_momentum": -0.722823,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.360168
      },
      {
        "date": "2025-11-28",
        "close": 31.74677,
        "direction_boundary": 97.081815,
        "core_momentum": -0.67299,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.370662
      },
      {
        "date": "2025-12-05",
        "close": 33.147081,
        "direction_boundary": 164.661194,
        "core_momentum": -0.798695,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.369042
      },
      {
        "date": "2025-12-12",
        "close": 28.524137,
        "direction_boundary": 111.468569,
        "core_momentum": -0.744106,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.37877
      },
      {
        "date": "2025-12-19",
        "close": 26.049616,
        "direction_boundary": 81.294751,
        "core_momentum": -0.679566,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.35064
      },
      {
        "date": "2025-12-26",
        "close": 25.052134,
        "direction_boundary": 83.193802,
        "core_momentum": -0.69887,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.341055
      },
      {
        "date": "2026-01-02",
        "close": 25.38,
        "direction_boundary": 88.814227,
        "core_momentum": -0.714235,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.339554
      },
      {
        "date": "2026-01-09",
        "close": 23.86,
        "direction_boundary": 83.443173,
        "core_momentum": -0.714057,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.335989
      },
      {
        "date": "2026-01-16",
        "close": 27.52,
        "direction_boundary": 73.890368,
        "core_momentum": -0.627556,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.349109
      },
      {
        "date": "2026-01-23",
        "close": 25.72,
        "direction_boundary": 85.323042,
        "core_momentum": -0.698557,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.333599
      },
      {
        "date": "2026-01-30",
        "close": 21.58,
        "direction_boundary": 61.095748,
        "core_momentum": -0.646784,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.332764
      },
      {
        "date": "2026-02-06",
        "close": 28.76,
        "direction_boundary": 95.930875,
        "core_momentum": -0.700201,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.232819
      },
      {
        "date": "2026-02-13",
        "close": 22.52,
        "direction_boundary": 156.700523,
        "core_momentum": -0.856286,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.263378
      },
      {
        "date": "2026-02-20",
        "close": 25.04,
        "direction_boundary": 207.130891,
        "core_momentum": -0.87911,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.279161
      },
      {
        "date": "2026-02-27",
        "close": 24.64,
        "direction_boundary": 103.431169,
        "core_momentum": -0.761774,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.273577
      },
      {
        "date": "2026-03-06",
        "close": 22.72,
        "direction_boundary": 84.498201,
        "core_momentum": -0.731119,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.27468
      },
      {
        "date": "2026-03-13",
        "close": 21.82,
        "direction_boundary": 99.383696,
        "core_momentum": -0.780447,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.22843
      },
      {
        "date": "2026-03-20",
        "close": 7.25,
        "direction_boundary": 96.237792,
        "core_momentum": -0.924666,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.908719
      },
      {
        "date": "2026-03-27",
        "close": 8.04,
        "direction_boundary": 62.0165,
        "core_momentum": -0.870357,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.923819
      },
      {
        "date": "2026-04-03",
        "close": 8.81,
        "direction_boundary": 45.807424,
        "core_momentum": -0.807673,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.885707
      },
      {
        "date": "2026-04-10",
        "close": 10.23,
        "direction_boundary": 54.075012,
        "core_momentum": -0.810818,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.909542
      },
      {
        "date": "2026-04-17",
        "close": 12.96,
        "direction_boundary": 48.186034,
        "core_momentum": -0.731042,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.959725
      },
      {
        "date": "2026-04-24",
        "close": 13.09,
        "direction_boundary": 62.822159,
        "core_momentum": -0.791634,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.956942
      },
      {
        "date": "2026-05-01",
        "close": 11.22,
        "direction_boundary": 52.223917,
        "core_momentum": -0.785156,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.939098
      },
      {
        "date": "2026-05-08",
        "close": 18.27,
        "direction_boundary": 46.478806,
        "core_momentum": -0.606918,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.95558
      },
      {
        "date": "2026-05-15",
        "close": 13.86,
        "direction_boundary": 91.979313,
        "core_momentum": -0.849314,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.972387
      },
      {
        "date": "2026-05-22",
        "close": 17.88,
        "direction_boundary": 68.596043,
        "core_momentum": -0.739344,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 1.984559
      },
      {
        "date": "2026-05-29",
        "close": 29.31,
        "direction_boundary": 67.905478,
        "core_momentum": -0.568371,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 2.104331
      },
      {
        "date": "2026-06-05",
        "close": 23.22,
        "direction_boundary": 71.895405,
        "core_momentum": -0.677031,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 2.126905
      },
      {
        "date": "2026-06-12",
        "close": 10.26,
        "direction_boundary": 71.166476,
        "core_momentum": -0.855831,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 2.396273
      },
      {
        "date": "2026-06-19",
        "close": 10.18,
        "direction_boundary": 83.711725,
        "core_momentum": -0.878392,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 2.395473
      },
      {
        "date": "2026-06-26",
        "close": 9.86,
        "direction_boundary": 89.504791,
        "core_momentum": -0.889838,
        "direction": "negative",
        "trend_agreement": 0.75,
        "volatility": 2.395476
      },
      {
        "date": "2026-07-03",
        "close": 7.63,
        "direction_boundary": 91.998496,
        "core_momentum": -0.917064,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 2.413548
      },
      {
        "date": "2026-07-10",
        "close": 8.16,
        "direction_boundary": 93.744088,
        "core_momentum": -0.912955,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 2.418505
      },
      {
        "date": "2026-07-17",
        "close": 5.85,
        "direction_boundary": 102.606329,
        "core_momentum": -0.942986,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 2.435993
      },
      {
        "date": "2026-07-24",
        "close": 8.72,
        "direction_boundary": 112.408504,
        "core_momentum": -0.922426,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 2.517547
      },
      {
        "date": "2026-07-31",
        "close": 7.56,
        "direction_boundary": 119.10314,
        "core_momentum": -0.936526,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 2.514471
      },
      {
        "date": "2026-08-07",
        "close": 8.89,
        "direction_boundary": 69.305789,
        "core_momentum": -0.871728,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 2.487709
      }
    ],
    "price_history": [
      {
        "date": "2024-08-23",
        "close": 741.589207,
        "volume": 58882
      },
      {
        "date": "2024-08-30",
        "close": 349.502208,
        "volume": 5290646
      },
      {
        "date": "2024-09-06",
        "close": 268.936386,
        "volume": 2461473
      },
      {
        "date": "2024-09-13",
        "close": 371.370074,
        "volume": 3502450
      },
      {
        "date": "2024-09-20",
        "close": 368.684546,
        "volume": 3558415
      },
      {
        "date": "2024-09-27",
        "close": 302.313655,
        "volume": 8479478
      },
      {
        "date": "2024-10-04",
        "close": 290.804252,
        "volume": 4471721
      },
      {
        "date": "2024-10-11",
        "close": 379.810303,
        "volume": 14222714
      },
      {
        "date": "2024-10-18",
        "close": 368.684546,
        "volume": 14263275
      },
      {
        "date": "2024-10-25",
        "close": 367.917253,
        "volume": 9350499
      },
      {
        "date": "2024-11-01",
        "close": 80.949469,
        "volume": 70222740
      },
      {
        "date": "2024-11-08",
        "close": 67.521832,
        "volume": 92936936
      },
      {
        "date": "2024-11-15",
        "close": 37.597383,
        "volume": 68301056
      },
      {
        "date": "2024-11-22",
        "close": 104.639657,
        "volume": 17888338
      },
      {
        "date": "2024-11-29",
        "close": 97.081815,
        "volume": 10721110
      },
      {
        "date": "2024-12-06",
        "close": 164.661194,
        "volume": 20483374
      },
      {
        "date": "2024-12-13",
        "close": 111.468569,
        "volume": 12727192
      },
      {
        "date": "2024-12-20",
        "close": 81.294751,
        "volume": 8450253
      },
      {
        "date": "2024-12-27",
        "close": 83.193802,
        "volume": 4985791
      },
      {
        "date": "2025-01-03",
        "close": 88.814227,
        "volume": 3696281
      },
      {
        "date": "2025-01-10",
        "close": 83.443173,
        "volume": 6089231
      },
      {
        "date": "2025-01-17",
        "close": 73.890368,
        "volume": 6579823
      },
      {
        "date": "2025-01-24",
        "close": 85.323042,
        "volume": 5307398
      },
      {
        "date": "2025-01-31",
        "close": 61.095748,
        "volume": 7194090
      },
      {
        "date": "2025-02-07",
        "close": 95.930875,
        "volume": 13576232
      },
      {
        "date": "2025-02-14",
        "close": 156.700523,
        "volume": 22747436
      },
      {
        "date": "2025-02-21",
        "close": 207.130891,
        "volume": 23193901
      },
      {
        "date": "2025-02-28",
        "close": 103.431169,
        "volume": 25673777
      },
      {
        "date": "2025-03-07",
        "close": 84.498201,
        "volume": 21064133
      },
      {
        "date": "2025-03-14",
        "close": 99.383696,
        "volume": 20704368
      },
      {
        "date": "2025-03-21",
        "close": 96.237792,
        "volume": 15576183
      },
      {
        "date": "2025-03-28",
        "close": 62.0165,
        "volume": 20387006
      },
      {
        "date": "2025-04-04",
        "close": 45.807424,
        "volume": 17842046
      },
      {
        "date": "2025-04-11",
        "close": 54.075012,
        "volume": 22586050
      },
      {
        "date": "2025-04-18",
        "close": 48.186034,
        "volume": 9107319
      },
      {
        "date": "2025-04-25",
        "close": 62.822159,
        "volume": 15476099
      },
      {
        "date": "2025-05-02",
        "close": 52.223917,
        "volume": 28635464
      },
      {
        "date": "2025-05-09",
        "close": 46.478806,
        "volume": 18119769
      },
      {
        "date": "2025-05-16",
        "close": 91.979313,
        "volume": 47180255
      },
      {
        "date": "2025-05-23",
        "close": 68.596043,
        "volume": 20574181
      },
      {
        "date": "2025-05-30",
        "close": 67.905478,
        "volume": 15019223
      },
      {
        "date": "2025-06-06",
        "close": 71.895405,
        "volume": 16262175
      },
      {
        "date": "2025-06-13",
        "close": 71.166476,
        "volume": 12573166
      },
      {
        "date": "2025-06-20",
        "close": 83.711725,
        "volume": 11125496
      },
      {
        "date": "2025-06-27",
        "close": 89.504791,
        "volume": 22989310
      },
      {
        "date": "2025-07-04",
        "close": 91.998496,
        "volume": 9130992
      },
      {
        "date": "2025-07-11",
        "close": 93.744088,
        "volume": 10075075
      },
      {
        "date": "2025-07-18",
        "close": 102.606329,
        "volume": 10020860
      },
      {
        "date": "2025-07-25",
        "close": 112.408504,
        "volume": 8034873
      },
      {
        "date": "2025-08-01",
        "close": 119.10314,
        "volume": 11953586
      },
      {
        "date": "2025-08-08",
        "close": 69.305789,
        "volume": 19731054
      },
      {
        "date": "2025-08-15",
        "close": 71.070564,
        "volume": 9655912
      },
      {
        "date": "2025-08-22",
        "close": 65.680327,
        "volume": 7944357
      },
      {
        "date": "2025-08-29",
        "close": 58.16085,
        "volume": 8232807
      },
      {
        "date": "2025-09-05",
        "close": 54.612118,
        "volume": 4782042
      },
      {
        "date": "2025-09-12",
        "close": 66.85045,
        "volume": 10812922
      },
      {
        "date": "2025-09-19",
        "close": 68.672772,
        "volume": 9682027
      },
      {
        "date": "2025-09-26",
        "close": 68.346672,
        "volume": 13741134
      },
      {
        "date": "2025-10-03",
        "close": 86.627441,
        "volume": 13479826
      },
      {
        "date": "2025-10-10",
        "close": 87.85511,
        "volume": 15937302
      },
      {
        "date": "2025-10-17",
        "close": 84.498201,
        "volume": 8605771
      },
      {
        "date": "2025-10-24",
        "close": 70.840376,
        "volume": 12035419
      },
      {
        "date": "2025-10-31",
        "close": 80.987833,
        "volume": 8289445
      },
      {
        "date": "2025-11-07",
        "close": 45.864971,
        "volume": 13145533
      },
      {
        "date": "2025-11-14",
        "close": 37.827572,
        "volume": 10955730
      },
      {
        "date": "2025-11-21",
        "close": 29.003696,
        "volume": 12649621
      },
      {
        "date": "2025-11-28",
        "close": 31.74677,
        "volume": 6410046
      },
      {
        "date": "2025-12-05",
        "close": 33.147081,
        "volume": 8605566
      },
      {
        "date": "2025-12-12",
        "close": 28.524137,
        "volume": 10975691
      },
      {
        "date": "2025-12-19",
        "close": 26.049616,
        "volume": 10799827
      },
      {
        "date": "2025-12-26",
        "close": 25.052134,
        "volume": 7389378
      },
      {
        "date": "2026-01-02",
        "close": 25.38,
        "volume": 9952610
      },
      {
        "date": "2026-01-09",
        "close": 23.86,
        "volume": 13484519
      },
      {
        "date": "2026-01-16",
        "close": 27.52,
        "volume": 22910677
      },
      {
        "date": "2026-01-23",
        "close": 25.72,
        "volume": 15765679
      },
      {
        "date": "2026-01-30",
        "close": 21.58,
        "volume": 12734266
      },
      {
        "date": "2026-02-06",
        "close": 28.76,
        "volume": 29378192
      },
      {
        "date": "2026-02-13",
        "close": 22.52,
        "volume": 13004841
      },
      {
        "date": "2026-02-20",
        "close": 25.04,
        "volume": 12347097
      },
      {
        "date": "2026-02-27",
        "close": 24.64,
        "volume": 11368345
      },
      {
        "date": "2026-03-06",
        "close": 22.72,
        "volume": 13260461
      },
      {
        "date": "2026-03-13",
        "close": 21.82,
        "volume": 11363540
      },
      {
        "date": "2026-03-20",
        "close": 7.25,
        "volume": 34856563
      },
      {
        "date": "2026-03-27",
        "close": 8.04,
        "volume": 40866872
      },
      {
        "date": "2026-04-03",
        "close": 8.81,
        "volume": 16275824
      },
      {
        "date": "2026-04-10",
        "close": 10.23,
        "volume": 19617665
      },
      {
        "date": "2026-04-17",
        "close": 12.96,
        "volume": 17258177
      },
      {
        "date": "2026-04-24",
        "close": 13.09,
        "volume": 17778260
      },
      {
        "date": "2026-05-01",
        "close": 11.22,
        "volume": 13241369
      },
      {
        "date": "2026-05-08",
        "close": 18.27,
        "volume": 25879708
      },
      {
        "date": "2026-05-15",
        "close": 13.86,
        "volume": 12259110
      },
      {
        "date": "2026-05-22",
        "close": 17.88,
        "volume": 9921476
      },
      {
        "date": "2026-05-29",
        "close": 29.31,
        "volume": 14906670
      },
      {
        "date": "2026-06-05",
        "close": 23.22,
        "volume": 12169689
      },
      {
        "date": "2026-06-12",
        "close": 10.26,
        "volume": 44170373
      },
      {
        "date": "2026-06-19",
        "close": 10.18,
        "volume": 26853736
      },
      {
        "date": "2026-06-26",
        "close": 9.86,
        "volume": 41868012
      },
      {
        "date": "2026-07-03",
        "close": 7.63,
        "volume": 33149889
      },
      {
        "date": "2026-07-10",
        "close": 8.16,
        "volume": 26174796
      },
      {
        "date": "2026-07-17",
        "close": 5.85,
        "volume": 21038925
      },
      {
        "date": "2026-07-24",
        "close": 8.72,
        "volume": 54355748
      },
      {
        "date": "2026-07-31",
        "close": 7.56,
        "volume": 29090409
      },
      {
        "date": "2026-08-07",
        "close": 8.89,
        "volume": 27237747
      }
    ],
    "sharemaestro_context": {
      "trend": 15.719,
      "fair_value": 87.588978,
      "market_activity": -60.868926,
      "market_dynamics": 0.257899,
      "relative_strength": -76.201451
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.009174,
        "directional_follow_through": 0.5455,
        "regime_survival": 1.0,
        "conditional_difference": 0.092678,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.285942,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.181172,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": -0.61876,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.039246,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "negative",
        "start": "2025-08-22",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.078563
      },
      {
        "direction": "positive",
        "start": "2025-10-31",
        "end": "2025-10-31",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "negative",
        "start": "2025-11-07",
        "end": "2025-11-07",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2025-11-14",
        "end": "2025-11-14",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "negative",
        "start": "2025-11-21",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": -0.693487
      }
    ]
  }
}