{ "ticker": { "uuid": "0e1c5f57-6d9c-4c94-87b6-8a0497a34397", "symbol": "PBUS", "name": "INVESCO MSCI USA ETF", "exchange": "CBOE", "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": 92.782, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.002, "architecture_energy": 56.122, "architecture_maturity": 47.85, "architecture_confidence": 82.27, "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": 21.41, "rotation_up": 56.48, "upward_expansion": 81.26, "deceleration": 60.39, "rotation_down": 25.27, "downward_expansion": 7.93 }, "activity_lines": [ 75.646, 75.136399, 74.339366, 72.865616 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 77.61, "trend_reference": 71.216422, "distance_from_trend": 0.089777, "trend_direction": "Improving", "fair_value": 58.33587, "distance_from_fair_value": 0.330399, "fair_value_direction": "Improving", "relative_strength": -0.135604, "relative_strength_direction": "Improving", "price_momentum": 0.125031, "excess_performance": -0.000594, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089777, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.032743, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.330399, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.007045, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.001356, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.004455, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.125031, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.901798, "read": "Demand-led" } ], "volume": { "latest": 333074, "relative_activity": 0.22624, "balance": 2.901798, "dry_up": 0.573604, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.02465, "annualized_volatility": 0.13968, "from_high_reference": -0.002827, "from_low_reference": 0.231318 }, "levels": { "trend_reference": 71.216422, "fair_value_reference": 58.33587, "structural_low": 63.03, 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"close": 74.6, "volume": 596378, "typical_volume": 1572851.0, "trend": 70.56323, "fair_value": 57.718465, "relative_strength": -0.16887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.269731, "energy": 48.565115, "activity_lines": [ 74.77295, 74.5866, 73.27416, 71.941498 ] }, { "date": "2026-07-24", "close": 74.07, "volume": 2001982, "typical_volume": 1624269.9, "trend": 70.728418, "fair_value": 57.91012, "relative_strength": -0.283176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.378698, "energy": 46.063131, "activity_lines": [ 74.582, 74.512479, 73.526967, 72.167742 ] }, { "date": "2026-07-31", "close": 74.88, "volume": 446440, "typical_volume": 1487047.5, "trend": 70.944532, "fair_value": 58.113595, "relative_strength": -0.274205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.535887, "energy": 44.643565, "activity_lines": [ 74.708667, 74.579575, 73.824015, 72.435586 ] }, { "date": "2026-08-07", "close": 77.61, "volume": 333074, "typical_volume": 1472214.75, "trend": 71.216422, "fair_value": 58.33587, "relative_strength": -0.135604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.002449, "energy": 56.122063, "activity_lines": [ 75.646, 75.136399, 74.339366, 72.865616 ] } ], "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." } } }