IQMX episode 20260706_IQMX_MIDDAY

Public episode JSON embedded as readable text for automated access.

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  "episode_id": "20260706_IQMX_MIDDAY",
  "episode_url": "https://trydingday.com/data/agents/v1/episodes/20260706_IQMX_MIDDAY.html",
  "public_page_url": "https://trydingday.com/coverage/iqmx/2026-07-06/midday/",
  "published_at": "2026-07-06T16:27:27.314514Z",
  "updated_at": "2026-07-27T21:32:03.655403Z",
  "lifecycle": {
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    "stage": "closed"
  },
  "instrument": {
    "type": "equity",
    "symbol": "IQMX",
    "exchange": "NASDAQ",
    "name": "IQM Quantum Computers Oyj"
  },
  "technical_reference": {
    "status": "unavailable",
    "reason": "not_recorded_in_published_episode"
  },
  "public_content": {
    "date": "July 6, 2026",
    "generated_at": "2026-07-06T16:27:27.314514Z",
    "original_published_at": null,
    "session_tag": "midday",
    "label": "Market coverage",
    "try_label": "Research status not recorded",
    "public_status": "Research status not recorded",
    "why_today": "IQMX gained +8.79% on July 6 on volume 3.92× the 3-month average, driven by a Seeking Alpha article titled “Tailwinds Still Building” highlighting continued institutional interest in quantum computing infrastructure. The broader technology sector (XLK +2.3%) provided macro tailwind, and IQMX outperformed QQQ by +7.09 percentage points on the session. EMAs are cleanly stacked bullish (EMA9 12.11 > EMA21 11.50 > EMA50 11.18) and the stock trades at 93.9% of its 52-week high. RSI at 82.7 is extended — this is a setup that already moved; the scanner flagged it for momentum tracking, not as a bottom entry.",
    "entry_reasoning": "Entry at $14.20 captures the continuation of the day’s move with EMAs confirming trend direction. Stop loss at $13.13 is placed 1.5× ATR(14) of $0.71 below entry, giving a defined floor below recent consolidation. TP1 at $15.27 offers roughly 1:1 risk/reward; TP2 at $16.34 extends to 1:2. The caveat: RSI 82.7 indicates the stock is overbought on the day of the scan. A pullback to the 9-EMA ($12.11) before re-entry would offer a cleaner setup. Position sizing should account for the extended reading — this is a momentum chase, not a fresh breakout at compression.",
    "reference_price": 14.2,
    "scanner": {
      "price": 14.2,
      "reference": 14.2,
      "score": 6.1,
      "score_version": "legacy research",
      "change": 8.79,
      "volume": null,
      "average_volume": null,
      "volume_ratio": 3.92,
      "rsi": 82.72,
      "ema_trend": "12.11 > 11.5 > 11.18",
      "position_52w": 93.94,
      "atr_14": 0.71,
      "vwap": 14.24,
      "vwap_state": "below",
      "vwap_distance_pct": -0.28,
      "vwap_reading": {
        "price": 14.24,
        "state": "below",
        "distance_pct": -0.28
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      "range_position": 0.421,
      "gap_pct": 10.32,
      "relative_strength": {
        "index_chg_pct": 1.7,
        "excess_pct": 7.09,
        "status": "tailwind",
        "index": "QQQ"
      },
      "volume_percentile": {
        "percentile": 96.8,
        "today_vol": 1778347,
        "median_vol": 277600,
        "status": "exceptional"
      },
      "extension": {
        "dist_atr": 3.77,
        "ema_ref": 11.5,
        "atr": 0.71,
        "status": "healthy"
      },
      "atr_move_signal": {
        "atr_pct": 5.01,
        "z": 1.75,
        "status": "normal"
      },
      "sector_breadth": {
        "etf": "XLK",
        "chg_pct": 2.3,
        "status": "green"
      },
      "sentiment": null,
      "sentiment_score": null,
      "earnings_warning": {
        "has_earnings_soon": false,
        "earnings_date": null,
        "days_away": null,
        "status": "clear"
      },
      "options_snapshot": {
        "available": false,
        "atm_iv_front": null,
        "term_structure": null,
        "front_expiry": null,
        "pc_volume": null,
        "pc_oi": null,
        "premium_bias": null,
        "call_premium": null,
        "put_premium": null,
        "top_call_oi_strikes": null,
        "top_put_oi_strikes": null
      },
      "extended_hours": {
        "market_state": "REGULAR",
        "phase": "regular",
        "pre_market_pct": null,
        "post_market_pct": null,
        "ext_pct": null,
        "status": "none"
      },
      "coiled_spring": {
        "status": "watch",
        "count": 2,
        "trend_stacked": true,
        "near_ema": true,
        "quiet_day": false,
        "idio_strength": false
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      "short_pct_float": null,
      "days_to_cover": null,
      "catalyst": "IQM Quantum Computers: Tailwinds Still Building",
      "sector": "Technology",
      "exchange": "NASDAQ",
      "sec_signal": "NO_RECENT_FORM4_SIGNAL"
    },
    "levels": {
      "reference": 14.2,
      "downside": 13.13,
      "upside_1": 15.27,
      "upside_2": 16.34
    },
    "review": {
      "score": 6.1,
      "status": "Recorded Review",
      "summary": "",
      "views": [
        {
          "name": "Elena Vartanyan",
          "role": "independent statistical auditor",
          "icon": "🎯",
          "view": "The systematic Opportunity Score is 6.1 — below the conviction floor. This is low-quality momentum, not a proven edge.",
          "reasoning": "The systematic Opportunity Score is 6.1 — below the conviction floor. This is low-quality momentum, not a proven edge."
        },
        {
          "name": "Marcus Feld",
          "role": "information, fundamentals and catalyst analyst",
          "icon": "🦊",
          "view": "No real sentiment reading, and the catalyst is a 'tailwinds still building' narrative already crowded with retail. There's no non-obvious edge left to capture here.",
          "reasoning": "No real sentiment reading, and the catalyst is a 'tailwinds still building' narrative already crowded with retail. There's no non-obvious edge left to capture here."
        },
        {
          "name": "Kenji Osei",
          "role": "AI Systems & Market Data Integrity Analyst",
          "icon": "🧠",
          "view": "Signals are fresh and mostly complete, but exceptional volume on an +8.8% day is the fingerprint of a move already made, not an early signal.",
          "reasoning": "Signals are fresh and mostly complete, but exceptional volume on an +8.8% day is the fingerprint of a move already made, not an early signal."
        },
        {
          "name": "Priya Nandakumar",
          "role": "institutional risk and execution manager",
          "icon": "🛡️",
          "view": "Only about 1:1 reward-to-risk to the first target, and buying a quantum micro-cap at RSI 82 invites a sharp gap reversal. The stop is defined, but the ratio doesn't pay.",
          "reasoning": "Only about 1:1 reward-to-risk to the first target, and buying a quantum micro-cap at RSI 82 invites a sharp gap reversal. The stop is defined, but the ratio doesn't pay."
        },
        {
          "name": "Nate Brooks",
          "role": "market structure and timing analyst",
          "icon": "📈",
          "view": "Stacked EMAs and a fresh high, yes — but RSI 82.7 is buying extended on a normal-ATR vertical pop. The setup wants a pullback to the 9-EMA, not a chase.",
          "reasoning": "Stacked EMAs and a fresh high, yes — but RSI 82.7 is buying extended on a normal-ATR vertical pop. The setup wants a pullback to the 9-EMA, not a chase."
        }
      ],
      "conviction": null,
      "context_roundtable": null,
      "context_roundtable_sources": []
    },
    "updates": [
      {
        "day": 8,
        "timestamp": "2026-07-16T19:33:08.605501Z",
        "date": "Session 8 · Jul 16, 2026 · 15:33 NASDAQ",
        "text": "IQMX is -23.73%, with the regular session extending the pressure rather than converting the earlier repair attempt into a base. The momentum thesis now needs a participation-backed reclaim of the thesis zone; until that occurs, deterioration is the cleaner reading than consolidation.",
        "price": 10.83,
        "pct": -23.73,
        "return_vs_entry_pct": -23.73,
        "return_vs_base_pct": -23.73,
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        "change_vs_prior_session_pct": -7.88,
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        "reference_text": "$10.83 · -23.73% from $14.20 base",
        "timing": "",
        "market_marker": {
          "phase": "post",
          "text": "Aftermarket update: $10.65 (+0.28% vs regular close) · Jul 16, 2026 · 16:43 NASDAQ"
        },
        "extended_hours": {
          "phase": "post",
          "price": 10.65,
          "ext_pct": 0.28,
          "as_of": "2026-07-16T20:43:46Z",
          "persisted": false
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        "relevant": false,
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      {
        "day": 8,
        "timestamp": "2026-07-16T14:24:55.336955Z",
        "date": "Session 8 · Jul 16, 2026 · 10:24 NASDAQ",
        "text": "IQMX is -15.85%, extending the pressure from the prior note during the regular open-settled session rather than converting the earlier repair bid into a base. The momentum thesis remains conditional on a participation-backed reclaim of the thesis zone; until then, deterioration is the cleaner description than consolidation.",
        "price": 11.95,
        "pct": -15.85,
        "return_vs_entry_pct": -15.85,
        "return_vs_base_pct": -15.85,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -1.7,
        "session_day": 8,
        "reference_price": 14.2,
        "reference_text": "$11.95 · -15.85% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
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        "transcript_anchor": "transcript-entry-781d963bd482e169de35449ac6d7a4942997ea45f71013fd744f8404f63f039e",
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      {
        "day": 7,
        "timestamp": "2026-07-15T21:38:03.776446Z",
        "date": "Session 7 · Jul 15, 2026 · 17:38 NASDAQ",
        "text": "IQMX is -14.15% on the scan return, with the fresh Aftermarket quote at $12.00 and -1.56% confirming continued pressure after the regular session. The earlier repair bid has not become a base; buyers must reclaim the thesis zone with participation before this can be reclassified as consolidation rather than deterioration.",
        "price": 12.19,
        "pct": -14.15,
        "return_vs_entry_pct": -14.15,
        "return_vs_base_pct": -14.15,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -0.28,
        "session_day": 7,
        "reference_price": 14.2,
        "reference_text": "$12.19 · -14.15% from $14.20 base",
        "timing": "",
        "market_marker": {
          "phase": "post",
          "text": "Aftermarket update: $12.00 (-1.56% vs regular close) · Jul 15, 2026 · 17:09 NASDAQ"
        },
        "extended_hours": {
          "phase": "post",
          "price": 12.0,
          "ext_pct": -1.56,
          "as_of": "2026-07-15T21:09:52Z",
          "persisted": false
        },
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
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      {
        "day": 7,
        "timestamp": "2026-07-15T19:32:55.907333Z",
        "date": "Session 7 · Jul 15, 2026 · 15:32 NASDAQ",
        "text": "IQMX fell to -13.87% from -11.23% in the prior note, and the regular-session tape did not validate the earlier repair bid. The reversal case remains conditional: buyers must reclaim the thesis zone with sustained participation before the weakness can be reclassified as consolidation.",
        "price": 12.23,
        "pct": -13.87,
        "return_vs_entry_pct": -13.87,
        "return_vs_base_pct": -13.87,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -2.67,
        "session_day": 7,
        "reference_price": 14.2,
        "reference_text": "$12.23 · -13.87% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
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        "transcript_anchor": "transcript-entry-4391301de54590e20b5e459b53bb588587af2a61db922c5908ec646a025faf45",
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      },
      {
        "day": 7,
        "timestamp": "2026-07-15T14:25:15.042272Z",
        "date": "Session 7 · Jul 15, 2026 · 10:25 NASDAQ",
        "text": "IQMX remains under pressure at -11.23%, although the aftermarket bid offers an early repair signal versus the prior seller-controlled tape. That improvement is not confirmation: the thesis still needs a sustained reclaim of its zone during regular trading before the reversal case becomes credible.",
        "price": 12.61,
        "pct": -11.23,
        "return_vs_entry_pct": -11.2,
        "return_vs_base_pct": -11.2,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 0.35,
        "session_day": 7,
        "reference_price": 14.2,
        "reference_text": "$12.61 · -11.20% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
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      },
      {
        "day": 7,
        "timestamp": "2026-07-15T12:03:30.492832Z",
        "date": "Session 7 · Jul 15, 2026 · 08:03 NASDAQ",
        "text": "IQMX fresh Premarket at 12.45 has recovered from the prior Aftermarket 12.31, but it remains below the scan reference and the bounce has not reclaimed the earlier recovery zone. The repair thesis is still possible; acceptance above the regular-session high would confirm demand, while another fade would keep the short-covering explanation alive.",
        "price": 12.56,
        "pct": -11.55,
        "return_vs_entry_pct": -11.55,
        "return_vs_base_pct": -11.55,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 0.0,
        "session_day": 7,
        "reference_price": 14.2,
        "reference_text": "$12.56 · -11.55% from $14.20 base",
        "timing": "",
        "market_marker": {
          "phase": "pre",
          "text": "Premarket update: $12.45 (-0.88% vs regular close) · Jul 15, 2026 · 07:47 NASDAQ"
        },
        "extended_hours": {
          "phase": "pre",
          "price": 12.45,
          "ext_pct": -0.88,
          "as_of": "2026-07-15T11:47:53Z",
          "persisted": false
        },
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
        "transcript_anchor": "",
        "price_as_of": null,
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      },
      {
        "day": 6,
        "timestamp": "2026-07-14T21:36:16.156844Z",
        "date": "Session 6 · Jul 14, 2026 · 17:36 NASDAQ",
        "text": "IQMX's fresh Aftermarket quote at 12.31 gave back part of the regular-session recovery, leaving the stock materially below its scan reference despite the earlier high-range close above VWAP. Repair remains possible, but follow-through above the regular-session high is needed; another fade would make the bounce look more like short covering than renewed demand.",
        "price": 12.56,
        "pct": -11.55,
        "return_vs_entry_pct": -11.55,
        "return_vs_base_pct": -11.55,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -1.34,
        "session_day": 6,
        "reference_price": 14.2,
        "reference_text": "$12.56 · -11.55% from $14.20 base",
        "timing": "",
        "market_marker": {
          "phase": "post",
          "text": "Aftermarket update: $12.58 (+0.15% vs regular close) · Jul 14, 2026 · 17:34 NASDAQ"
        },
        "extended_hours": {
          "phase": "post",
          "price": 12.58,
          "ext_pct": 0.15,
          "as_of": "2026-07-14T21:34:23Z",
          "persisted": false
        },
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      },
      {
        "day": 6,
        "timestamp": "2026-07-14T19:40:13.869879Z",
        "date": "Session 6 · Jul 14, 2026 · 15:40 NASDAQ",
        "text": "IQMX recovered 9.4% and closed at 94% of its intraday range, above VWAP with RSI back near 62. That is a meaningful change from the prior damage, but the move came on less than average volume and the stock remains -10.21% from its reference. Follow-through above today's high would confirm repair; a quick fade would expose a short-covering bounce.",
        "price": 12.75,
        "pct": -10.21,
        "return_vs_entry_pct": -10.21,
        "return_vs_base_pct": -10.21,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 0.0,
        "session_day": 6,
        "reference_price": 14.2,
        "reference_text": "$12.75 · -10.21% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
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      },
      {
        "day": 6,
        "timestamp": "2026-07-14T19:31:10.325496Z",
        "date": "Session 6 · Jul 14, 2026 · 15:31 NASDAQ",
        "text": "IQMX is still -10.21% from its scan reference, leaving the original thesis unconfirmed after the early weakness. The panel wants stabilization and a cleaner reclaim before interpreting the tape as anything more than a damaged setup.",
        "price": 12.75,
        "pct": -10.21,
        "return_vs_entry_pct": -10.21,
        "return_vs_base_pct": -10.21,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 7.4,
        "session_day": 6,
        "reference_price": 14.2,
        "reference_text": "$12.75 · -10.21% from $14.20 base",
        "timing": "",
        "market_marker": null,
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        "relevant": false,
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      },
      {
        "day": 6,
        "timestamp": "2026-07-14T10:55:20.654134Z",
        "date": "Session 6 · Jul 14, 2026 · 06:55 NASDAQ",
        "text": "IQMX has a fresh premarket bid, yet it remains well below the scan reference after the sharp reversal. The panel sees an early repair signal rather than confirmation and still requires a sustained reclaim of the thesis zone.",
        "price": 11.7,
        "pct": -17.61,
        "return_vs_entry_pct": -17.61,
        "return_vs_base_pct": -17.61,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 0.0,
        "session_day": 6,
        "reference_price": 14.2,
        "reference_text": "$11.70 · -17.61% from $14.20 base",
        "timing": "",
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      },
      {
        "day": 5,
        "timestamp": "2026-07-13T21:34:30.034263Z",
        "date": "Session 5 · Jul 13, 2026 · 17:34 NASDAQ",
        "text": "IQMX remains well below its scan reference, although the aftermarket tape is showing a tentative bid. The panel treats that as an early repair signal rather than confirmation; a sustained reclaim of the thesis zone is still required before confidence returns.",
        "price": 11.7,
        "pct": -17.61,
        "return_vs_entry_pct": -17.61,
        "return_vs_base_pct": -17.61,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -2.68,
        "session_day": 5,
        "reference_price": 14.2,
        "reference_text": "$11.70 · -17.61% from $14.20 base",
        "timing": "",
        "market_marker": {
          "phase": "post",
          "text": "Aftermarket update: $11.98 (+2.39% vs regular close) · Jul 13, 2026 · 17:14 NASDAQ"
        },
        "extended_hours": {
          "phase": "post",
          "price": 11.98,
          "ext_pct": 2.39,
          "as_of": "2026-07-13T21:14:13Z",
          "persisted": false
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      {
        "day": 5,
        "timestamp": "2026-07-13T16:30:58.573331Z",
        "date": "Session 5 · Jul 13, 2026 · 12:30 NASDAQ",
        "text": "IQMX remains under clear pressure at -14.93% and has not shown enough repair to restore confidence. The panel is waiting for a reclaim of the thesis zone; until then, seller control is the prevailing signal.",
        "price": 12.08,
        "pct": -14.93,
        "return_vs_entry_pct": -14.93,
        "return_vs_base_pct": -14.93,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -1.48,
        "session_day": 5,
        "reference_price": 14.2,
        "reference_text": "$12.08 · -14.93% from $14.20 base",
        "timing": "",
        "market_marker": null,
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        "relevant": false,
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      },
      {
        "day": 5,
        "timestamp": "2026-07-13T13:48:45.916838Z",
        "date": "Session 5 · Jul 13, 2026 · 09:48 NASDAQ",
        "text": "IQMX remains under clear pressure and has not yet shown enough repair work to restore confidence. The panel is waiting for a reclaim of the thesis zone; until then, seller control remains the dominant read.",
        "price": 12.29,
        "pct": -13.45,
        "return_vs_entry_pct": -13.45,
        "return_vs_base_pct": -13.45,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -1.06,
        "session_day": 5,
        "reference_price": 14.2,
        "reference_text": "$12.29 · -13.45% from $14.20 base",
        "timing": "",
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      },
      {
        "day": 5,
        "timestamp": "2026-07-13T10:55:57.703689Z",
        "date": "Session 5 · Jul 13, 2026 · 06:55 NASDAQ",
        "text": "IQMX is still under pressure, and the stock has not yet shown enough demand to repair the failed follow-through. The panel’s stance is cautious but not blind: a reclaim of the thesis zone would matter, while continued weakness keeps seller control and loss of momentum as the dominant read.",
        "price": 12.44,
        "pct": -12.39,
        "return_vs_entry_pct": -12.39,
        "return_vs_base_pct": -12.39,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 0.0,
        "session_day": 5,
        "reference_price": 14.2,
        "reference_text": "$12.44 · -12.39% from $14.20 base",
        "timing": "",
        "market_marker": {
          "phase": "pre",
          "text": "Premarket update: $12.90 (+3.70% vs regular close) · Jul 13, 2026 · 06:45 NASDAQ"
        },
        "extended_hours": {
          "phase": "pre",
          "price": 12.9,
          "ext_pct": 3.7,
          "as_of": "2026-07-13T10:45:04Z",
          "persisted": false
        },
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
        "transcript_anchor": "",
        "price_as_of": null,
        "vwap_as_of": null
      },
      {
        "day": 4,
        "timestamp": "2026-07-10T22:49:20.590889Z",
        "date": "Session 4 · Jul 10, 2026 · 18:49 NASDAQ",
        "text": "IQMX remains under pressure after the initial signal, with no clear evidence yet that sellers have finished distributing the move. The next session should be judged on whether price can reclaim its thesis zone with steadier demand; continued weakness would keep loss of momentum as the dominant risk.",
        "price": 12.44,
        "pct": -12.39,
        "return_vs_entry_pct": -12.39,
        "return_vs_base_pct": -12.39,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 2.33,
        "session_day": 4,
        "reference_price": 14.2,
        "reference_text": "$12.44 · -12.39% from $14.20 base",
        "timing": "",
        "market_marker": {
          "phase": "post",
          "text": "Aftermarket update: $12.51 (+0.56% vs regular close) · Jul 10, 2026 · 18:48 NASDAQ"
        },
        "extended_hours": {
          "phase": "post",
          "price": 12.51,
          "ext_pct": 0.56,
          "as_of": "2026-07-10T22:48:56.935570Z",
          "persisted": false
        },
        "relevant": false,
        "active_relevant": false,
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        "transcript_anchor": "",
        "price_as_of": null,
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      },
      {
        "day": 4,
        "timestamp": "2026-07-10T14:25:44.293290Z",
        "date": "Session 4 · Jul 10, 2026 · 10:25 NASDAQ",
        "text": "IQMX opened with force, but the first follow-through has been rejected and the stock is now testing whether the bid can stabilize. The longer-term structure is still workable, but a fresh lift is needed soon or the early momentum will read as exhaustion.",
        "price": 12.11,
        "pct": -14.72,
        "return_vs_entry_pct": -14.72,
        "return_vs_base_pct": -14.72,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -0.71,
        "session_day": 4,
        "reference_price": 14.2,
        "reference_text": "$12.11 · -14.72% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
        "transcript_anchor": "",
        "price_as_of": null,
        "vwap_as_of": null
      },
      {
        "day": 3,
        "timestamp": "2026-07-09T21:38:26.981094Z",
        "date": "Session 3 · Jul 9, 2026 · 17:38 NASDAQ",
        "text": "IQMX opened with real force, but the first follow-through session was rejected and the stock is now testing the line after a fast drop from the highs. The longer-term structure is still constructive, yet the tape needs to show a stable bid soon or the early momentum will be read as exhaustion.",
        "price": 12.21,
        "pct": -14.01,
        "return_vs_entry_pct": -14.01,
        "return_vs_base_pct": -14.01,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 0.5,
        "session_day": 3,
        "reference_price": 14.2,
        "reference_text": "$12.21 · -14.01% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
        "transcript_anchor": "",
        "price_as_of": null,
        "vwap_as_of": null
      },
      {
        "day": 3,
        "timestamp": "2026-07-09T15:13:26.534466Z",
        "date": "Session 3 · Jul 9, 2026 · 11:13 NASDAQ",
        "text": "Session 3 check: IQMX has improved from the prior deep drawdown but remains down -14.51%. That is still a fragile read, so the note should recognize the bounce without overstating it.",
        "price": 12.14,
        "pct": -14.51,
        "return_vs_entry_pct": -14.51,
        "return_vs_base_pct": -14.51,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 4.72,
        "session_day": 3,
        "reference_price": 14.2,
        "reference_text": "$12.14 · -14.51% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
        "transcript_anchor": "",
        "price_as_of": null,
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      },
      {
        "day": 2,
        "timestamp": "2026-07-08T22:49:50.173850Z",
        "date": "Session 2 · Jul 8, 2026 · 18:49 NASDAQ",
        "text": "Day 2 is still deep in the red at -19.23%, so the short-term tone remains fragile. The session note should reflect that the market has not rewarded the setup, even though the tracking window is still early.",
        "price": 11.47,
        "pct": -19.23,
        "return_vs_entry_pct": -19.23,
        "return_vs_base_pct": -19.23,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 0.0,
        "session_day": 2,
        "reference_price": 14.2,
        "reference_text": "$11.47 · -19.23% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
        "transcript_anchor": "",
        "price_as_of": null,
        "vwap_as_of": null
      },
      {
        "day": 2,
        "timestamp": "2026-07-08T20:19:33.277936Z",
        "date": "Session 2 · Jul 8, 2026 · 16:19 NASDAQ",
        "text": "Session 2 of 10 is at $11.47, down 19.23%, against a backdrop where the indexes are split and VIX is firmer. The early move has lost momentum, so buyers need to defend the level quickly to avoid a deeper reset.",
        "price": 11.47,
        "pct": -19.23,
        "return_vs_entry_pct": -19.23,
        "return_vs_base_pct": -19.23,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -10.0,
        "session_day": 2,
        "reference_price": 14.2,
        "reference_text": "$11.47 · -19.23% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
        "transcript_anchor": "",
        "price_as_of": null,
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      },
      {
        "day": 1,
        "timestamp": "2026-07-07T21:37:00.602407Z",
        "date": "Session 1 · Jul 7, 2026 · 17:37 NASDAQ",
        "text": "Session 1 of 10 opened with a sharp giveback to $12.89, but the EMA stack is still clean and the stock remains near its highs. This looks more like an early shakeout than a broken structure, although it needs a quick response from buyers.",
        "price": 12.89,
        "pct": -9.23,
        "return_vs_entry_pct": -9.23,
        "return_vs_base_pct": -9.23,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -0.78,
        "session_day": 1,
        "reference_price": 14.2,
        "reference_text": "$12.89 · -9.23% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
        "transcript_anchor": "",
        "price_as_of": null,
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      },
      {
        "day": 1,
        "timestamp": "2026-07-07T19:52:57.863941Z",
        "date": "Session 1 · Jul 7, 2026 · 15:52 NASDAQ",
        "text": "Session 1 closed at \\.00 (-8.45% from entry), consistent with the morning reading. No intraday recovery — the first tracking session ended as a full stop-loss scenario in line with the broad tech selloff (QQQ -1.76%).",
        "price": 13.0,
        "pct": -8.45,
        "return_vs_entry_pct": -8.45,
        "return_vs_base_pct": -8.45,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": 0.07,
        "session_day": 1,
        "reference_price": 14.2,
        "reference_text": "$13.00 · -8.45% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
        "transcript_anchor": "",
        "price_as_of": null,
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      },
      {
        "day": 1,
        "timestamp": "2026-07-07T16:10:09.286474Z",
        "date": "Session 1 · Jul 7, 2026 · 12:10 NASDAQ",
        "text": "Session 1 at $12.99 (-8.49%). IQMX opened the tracking period with a sharp loss, breaking below the original stop ($13.13). Technology sector taking the largest hit in today's risk-off session (QQQ -1.76%). The lower-conviction score (6.1) flagged the setup risk at entry.",
        "price": 12.99,
        "pct": -8.49,
        "return_vs_entry_pct": -8.52,
        "return_vs_base_pct": -8.52,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -2.75,
        "session_day": 1,
        "reference_price": 14.2,
        "reference_text": "$12.99 · -8.52% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
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      },
      {
        "day": 1,
        "timestamp": "2026-07-07T14:16:01.537753Z",
        "date": "Session 1 · Jul 7, 2026 · 10:16 NASDAQ",
        "text": "Session 1 — first session closes at -5.77%. Early drawdown within normal volatility range for a low-float name; the thesis requires monitoring over the next few sessions before drawing conclusions.",
        "price": 13.38,
        "pct": -5.77,
        "return_vs_entry_pct": -5.77,
        "return_vs_base_pct": -5.77,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -3.73,
        "session_day": 1,
        "reference_price": 14.2,
        "reference_text": "$13.38 · -5.77% from $14.20 base",
        "timing": "",
        "market_marker": null,
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      {
        "day": 0,
        "timestamp": "2026-07-06T21:00:13.756255Z",
        "date": "Session 0 · Jul 6, 2026 · 17:00 NASDAQ",
        "text": "Session 0 (entry day): IQMX opened its tracking slightly below the $14.20 reference after the scan, a normal intraday wobble on the quantum-computing tailwind thesis. The 13.13 stop defines the risk; the first real read comes at the next session's close.",
        "price": 13.91,
        "pct": -2.04,
        "return_vs_entry_pct": -2.04,
        "return_vs_base_pct": -2.04,
        "return_vs_prior_pct": null,
        "previous_regular_close": null,
        "change_vs_prior_session_pct": -2.04,
        "session_day": 0,
        "reference_price": 14.2,
        "reference_text": "$13.91 · -2.04% from $14.20 base",
        "timing": "",
        "market_marker": null,
        "extended_hours": null,
        "relevant": false,
        "active_relevant": false,
        "terminal_closure": false,
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        "return": -9.23,
        "reference_text": "-9.23% from $14.20 base",
        "price": 12.89,
        "updated": "Jul 14, 2026 · 12:37 NASDAQ",
        "mfe": 2.04,
        "mae": -10.21
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        "label": "+5 sessions",
        "status": "complete",
        "return": -17.61,
        "reference_text": "-17.61% from $14.20 base",
        "price": 11.7,
        "updated": "Jul 14, 2026 · 12:37 NASDAQ",
        "mfe": 2.04,
        "mae": -21.13
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        "label": "+10 sessions",
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        "return": -23.94,
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        "price": 10.8,
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        "mfe": 2.04,
        "mae": -28.59
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        "label": "+15 sessions",
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        "return": -23.94,
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