{
  "ticker": {
    "uuid": "0f14221f-22dd-43f0-86b2-00195c9bc4a0",
    "symbol": "YMAR",
    "name": "FT VEST INTERNATIONAL EQUITY MODERATE BUFFER ETF - MARCH",
    "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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 57.342,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.487,
    "architecture_energy": 70.101,
    "architecture_maturity": 35.488,
    "architecture_confidence": 76.312,
    "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": 8.7,
        "rotation_up": 68.26,
        "upward_expansion": 89.02,
        "deceleration": 46.64,
        "rotation_down": 18.77,
        "downward_expansion": 13.35
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": 0.833333
    },
    "latest_close": 29.2907,
    "trend_reference": 28.067013,
    "distance_from_trend": 0.043599,
    "trend_direction": "Improving",
    "fair_value": 24.503621,
    "distance_from_fair_value": 0.195362,
    "fair_value_direction": "Improving",
    "relative_strength": -4.622593,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.064342,
    "excess_performance": -0.061283,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.043599,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.024107,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.195362,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.005787,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.046226,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.003238,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.064342,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.851494,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.195174,
      "balance": 1.851494,
      "dry_up": 0.202953,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.01317,
      "annualized_volatility": 0.07059,
      "from_high_reference": -0.00168,
      "from_low_reference": 0.141493
    },
    "levels": {
      "trend_reference": 28.067013,
      "fair_value_reference": 24.503621,
      "structural_low": 26.82,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 33,
        "median_return": 0.008874,
        "positive_rate": 0.69697,
        "directional_follow_through": 0.69697,
        "median_excess_return": -0.005294,
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        "worst_return": -0.043671,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.666667,
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "worst_return": -0.018372,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "date": "2026-04-24",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 136322.9,
        "trend": 27.881817,
        "fair_value": 24.356043,
        "relative_strength": -3.353483,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.556499,
        "energy": 50.784704,
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          28.389971,
          28.169338
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      },
      {
        "date": "2026-07-24",
        "close": 28.7063,
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        "typical_volume": 133676.4,
        "trend": 27.93701,
        "fair_value": 24.401083,
        "relative_strength": -2.430083,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.706676,
        "energy": 50.869587,
        "activity_lines": [
          28.68604,
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          28.44623,
          28.222531
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      },
      {
        "date": "2026-07-31",
        "close": 28.994,
        "volume": 17062,
        "typical_volume": 130616.95,
        "trend": 27.99999,
        "fair_value": 24.451301,
        "relative_strength": -2.415968,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.959682,
        "energy": 55.48155,
        "activity_lines": [
          28.795293,
          28.707769,
          28.523352,
          28.290723
        ]
      },
      {
        "date": "2026-08-07",
        "close": 29.2907,
        "volume": 21692,
        "typical_volume": 111141.65,
        "trend": 28.067013,
        "fair_value": 24.503621,
        "relative_strength": -4.622593,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.487174,
        "energy": 70.101112,
        "activity_lines": [
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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."
    }
  }
}