{ "ticker": { "uuid": "096957ae-2026-4758-a210-e9004e22333d", "symbol": "SPSM", "name": "STATE STREET SPDR PORTFOLIO S&P 600 SMALL CAP 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": 73.244, "architecture_energy": 57.156, "architecture_maturity": 66.756, "architecture_confidence": 69.021, "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": 13.81, "rotation_up": 51.84, "upward_expansion": 80.12, "deceleration": 69.49, "rotation_down": 26.8, "downward_expansion": 9.12 }, "activity_lines": [ 56.994, 56.753375, 55.486077, 54.116383 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 57.91, "trend_reference": 52.554817, "distance_from_trend": 0.101897, "trend_direction": "Improving", "fair_value": 43.825053, "distance_from_fair_value": 0.32139, "fair_value_direction": "Improving", "relative_strength": 3.786697, "relative_strength_direction": "Improving", "price_momentum": 0.129896, "excess_performance": 0.004271, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.101897, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.063651, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.32139, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.052346, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.037867, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.009557, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.129896, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.152375, "read": "Demand-led" } ], "volume": { "latest": 10502671, "relative_activity": 1.148045, "balance": 1.152375, "dry_up": 0.909171, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.029725, "annualized_volatility": 0.149359, "from_high_reference": -0.01169, "from_low_reference": 0.359592 }, "levels": { "trend_reference": 52.554817, "fair_value_reference": 43.825053, "structural_low": 46.59365, "invalidation": "A 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"stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.722189, "energy": 58.23458, "activity_lines": [ 56.642667, 56.205108, 54.732463, 53.453622 ] }, { "date": "2026-07-31", "close": 56.57, "volume": 6585342, "typical_volume": 9550371.75, "trend": 52.260817, "fair_value": 43.696849, "relative_strength": 5.143994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.764671, "energy": 52.696381, "activity_lines": [ 56.570667, 56.387621, 55.067256, 53.75192 ] }, { "date": "2026-08-07", "close": 57.91, "volume": 10502671, "typical_volume": 9148308.2, "trend": 52.554817, "fair_value": 43.825053, "relative_strength": 3.786697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.244284, "energy": 57.155799, "activity_lines": [ 56.994, 56.753375, 55.486077, 54.116383 ] } ], "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." } } }