{
  "ticker": {
    "uuid": "02ab3a59-f08a-4164-9133-bff04d089b83",
    "symbol": "LSAT",
    "name": "TWO RDS SHARED TRUST LEADERSHARES ALPHAFACTOR TACTICAL FO ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 78.554,
    "architecture_energy": 71.304,
    "architecture_maturity": 42.408,
    "architecture_confidence": 71.471,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 3.85,
        "rotation_up": 73.71,
        "upward_expansion": 88.49,
        "deceleration": 52.56,
        "rotation_down": 16.2,
        "downward_expansion": 12.82
      },
      "activity_lines": [
        45.79414,
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        44.188506,
        43.189741
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 46.3647,
    "trend_reference": 41.955317,
    "distance_from_trend": 0.105097,
    "trend_direction": "Improving",
    "fair_value": 38.325711,
    "distance_from_fair_value": 0.209754,
    "fair_value_direction": "Improving",
    "relative_strength": 0.617807,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.148778,
    "excess_performance": 0.023154,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.105097,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044367,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.209754,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.061212,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.006178,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.051911,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.148778,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.159883,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6783,
      "relative_activity": 0.53681,
      "balance": 1.159883,
      "dry_up": 0.947451,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.02501,
      "annualized_volatility": 0.122314,
      "from_high_reference": -0.011414,
      "from_low_reference": 0.219201
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    "levels": {
      "trend_reference": 41.955317,
      "fair_value_reference": 38.325711,
      "structural_low": 38.49,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": 0.007826,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.006178,
        "regime_survival": 0.727273,
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        "worst_return": -0.060601,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "directional_follow_through": 0.5,
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        "regime_survival": 0.375,
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        "worst_return": -0.080006,
        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 5,
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        "regime_survival": 0.4,
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        "worst_return": -0.024168,
        "sufficient": true
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        "horizon": "Full cycle",
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        "sufficient": false
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      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "relative_strength": -0.669564,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 14850.25,
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        "fair_value": 38.092075,
        "relative_strength": 3.205568,
        "stage": 2,
        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 84.387214,
        "energy": 92.970756,
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          43.227809,
          42.359559
        ]
      },
      {
        "date": "2026-07-24",
        "close": 45.6657,
        "volume": 9561,
        "typical_volume": 13719.25,
        "trend": 41.524607,
        "fair_value": 38.168667,
        "relative_strength": 3.541046,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "direction": 74.122541,
        "energy": 89.252347,
        "activity_lines": [
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          42.64033
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      },
      {
        "date": "2026-07-31",
        "close": 45.4166,
        "volume": 18274,
        "typical_volume": 13374.8,
        "trend": 41.740827,
        "fair_value": 38.245431,
        "relative_strength": 1.938482,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.969657,
        "energy": 73.919809,
        "activity_lines": [
          45.482413,
          44.879553,
          43.847094,
          42.891426
        ]
      },
      {
        "date": "2026-08-07",
        "close": 46.3647,
        "volume": 6783,
        "typical_volume": 12635.75,
        "trend": 41.955317,
        "fair_value": 38.325711,
        "relative_strength": 0.617807,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.553977,
        "energy": 71.303519,
        "activity_lines": [
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          44.188506,
          43.189741
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      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}