{ "ticker": { "uuid": "17bc683b-cc44-42d1-897a-6bdfcf96d226", "symbol": "SPAY", "name": "Global X Short-Term U.S. Treasury Premium Yield ETF USD", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 74.207, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 32.419, "architecture_energy": 29.172, "architecture_maturity": 59.498, "architecture_confidence": 75.114, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 43.1, "rotation_up": 19.88, "upward_expansion": 55.05, "deceleration": 93.99, "rotation_down": 34.1, "downward_expansion": 21.05 }, "activity_lines": [ 25.805169, 25.915712, 25.792088, 25.678136 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 25.690001, "trend_reference": 25.531084, "distance_from_trend": 0.006224, "trend_direction": "Improving", "fair_value": 24.488736, "distance_from_fair_value": 0.049054, "fair_value_direction": "Improving", "relative_strength": -10.418478, "relative_strength_direction": "Improving", "price_momentum": 0.020912, "excess_performance": -0.099509, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006224, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.007229, "read": "Rising" }, { "label": "Price vs 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25.597419 ] }, { "date": "2026-07-17", "close": 25.826691, "volume": 36700, "typical_volume": 19645.0, "trend": 25.47594, "fair_value": 24.461886, "relative_strength": -8.297922, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.141999, "energy": 59.519428, "activity_lines": [ 26.036375, 25.966112, 25.747016, 25.621295 ] }, { "date": "2026-07-24", "close": 25.906282, "volume": 22300, "typical_volume": 19070.0, "trend": 25.504055, "fair_value": 24.471712, "relative_strength": -7.925488, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.702441, "energy": 43.447897, "activity_lines": [ 25.968308, 25.979117, 25.775998, 25.649059 ] }, { "date": "2026-07-31", "close": 25.790001, "volume": 21800, "typical_volume": 18135.0, "trend": 25.525248, "fair_value": 24.480619, "relative_strength": -7.543735, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.508854, "energy": 29.856779, "activity_lines": [ 25.890071, 25.959785, 25.789945, 25.667507 ] }, { "date": "2026-08-07", "close": 25.690001, "volume": 15200, "typical_volume": 14955.0, "trend": 25.531084, "fair_value": 24.488736, "relative_strength": -10.418478, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.419217, "energy": 29.171629, "activity_lines": [ 25.805169, 25.915712, 25.792088, 25.678136 ] } ], "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." } } }