{
  "ticker": {
    "uuid": "18c07fab-f8ec-472a-8b29-8db3802511a6",
    "symbol": "RSEE",
    "name": "RAREVIEW SYSTEMATIC EQUITY 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": 90.123,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 53.348,
    "architecture_energy": 26.962,
    "architecture_maturity": 52.47,
    "architecture_confidence": 86.118,
    "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": 35.88,
        "rotation_up": 32.76,
        "upward_expansion": 57.65,
        "deceleration": 87.62,
        "rotation_down": 26.7,
        "downward_expansion": 18.98
      },
      "activity_lines": [
        38.67028,
        38.740062,
        38.491612,
        37.677262
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 39.7546,
    "trend_reference": 36.792843,
    "distance_from_trend": 0.080498,
    "trend_direction": "Improving",
    "fair_value": 29.549574,
    "distance_from_fair_value": 0.345353,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.540487,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.111305,
    "excess_performance": -0.01432,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.080498,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044938,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.345353,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.019209,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.005405,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.035971,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.111305,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.551661,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 44183,
      "relative_activity": 1.284319,
      "balance": 1.551661,
      "dry_up": 1.076387,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.03664,
      "annualized_volatility": 0.206205,
      "from_high_reference": -0.015,
      "from_low_reference": 0.279106
    },
    "levels": {
      "trend_reference": 36.792843,
      "fair_value_reference": 29.549574,
      "structural_low": 31.83,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.004007,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.001846,
        "regime_survival": 0.25,
        "best_return": 0.051888,
        "worst_return": -0.030171,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.029697,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.030269,
        "regime_survival": 0.0,
        "best_return": 0.086883,
        "worst_return": -0.043154,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.103313,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.051467,
        "regime_survival": 0.0,
        "best_return": 0.133122,
        "worst_return": 0.073505,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.172532,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.056398,
        "regime_survival": 0.5,
        "best_return": 0.218367,
        "worst_return": 0.126698,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-01",
        "end": "2024-04-19",
        "tenure": "Developing",
        "return": -0.021345,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-05-10",
        "tenure": "New",
        "return": 0.033408,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-17",
        "end": "2024-08-09",
        "tenure": "Established",
        "return": -0.009285,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.020773,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.081539,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": 0.073598,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-21",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.025355,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.041079,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.188725,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.052754,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-20",
        "tenure": "Extended",
        "return": 0.063054,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "Developing",
        "return": 0.150627,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-07-17",
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        "return": 0.029234,
        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.049194,
        "active": true
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    ],
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      },
      {
        "date": "2026-04-24",
        "close": 36.7776,
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        "typical_volume": 26852.0,
        "trend": 34.365177,
        "fair_value": 28.129807,
        "relative_strength": 2.655391,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 27496.0,
        "trend": 34.488,
        "fair_value": 28.22126,
        "relative_strength": 2.693723,
        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 30044.2,
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        "fair_value": 28.323601,
        "relative_strength": 4.137616,
        "stage": 2,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 31774.15,
        "trend": 34.86337,
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        "relative_strength": 2.228782,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 30222.55,
        "trend": 35.024623,
        "fair_value": 28.52214,
        "relative_strength": 3.094754,
        "stage": 2,
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        "energy": 83.832931,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 32875.2,
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        "regime": "upward_expansion",
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        "energy": 86.618612,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 38.0487,
        "volume": 67662,
        "typical_volume": 35749.1,
        "trend": 35.366913,
        "fair_value": 28.718517,
        "relative_strength": 2.083023,
        "stage": 2,
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        "energy": 64.281936,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 39.013,
        "volume": 31676,
        "typical_volume": 36653.15,
        "trend": 35.552533,
        "fair_value": 28.812641,
        "relative_strength": 3.936761,
        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "fair_value": 28.917205,
        "relative_strength": 4.896399,
        "stage": 2,
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        "energy": 62.299721,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 37391.65,
        "trend": 35.95343,
        "fair_value": 29.008963,
        "relative_strength": 3.94612,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.108144,
        "energy": 49.216604,
        "activity_lines": [
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          36.760275
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      },
      {
        "date": "2026-07-03",
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        "volume": 15809,
        "typical_volume": 37304.9,
        "trend": 36.110563,
        "fair_value": 29.105768,
        "relative_strength": 2.603324,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.364298,
        "energy": 47.307399,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 39.437,
        "volume": 21215,
        "typical_volume": 36371.1,
        "trend": 36.29226,
        "fair_value": 29.19889,
        "relative_strength": 2.440951,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.823214,
        "energy": 48.299799,
        "activity_lines": [
          39.146053,
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          37.166643
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      },
      {
        "date": "2026-07-17",
        "close": 38.2658,
        "volume": 25270,
        "typical_volume": 34128.45,
        "trend": 36.429997,
        "fair_value": 29.284151,
        "relative_strength": 0.878004,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.801108,
        "energy": 33.663508,
        "activity_lines": [
          38.85194,
          38.902031,
          38.08209,
          37.293968
        ]
      },
      {
        "date": "2026-07-24",
        "close": 37.8906,
        "volume": 24960,
        "typical_volume": 32181.5,
        "trend": 36.535183,
        "fair_value": 29.364546,
        "relative_strength": 0.415247,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.61457,
        "energy": 26.809014,
        "activity_lines": [
          38.482573,
          38.726662,
          38.177277,
          37.388201
        ]
      },
      {
        "date": "2026-07-31",
        "close": 37.9102,
        "volume": 53706,
        "typical_volume": 32956.7,
        "trend": 36.649163,
        "fair_value": 29.450333,
        "relative_strength": -0.688668,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.948614,
        "energy": 19.469171,
        "activity_lines": [
          38.247367,
          38.557945,
          38.25711,
          37.476912
        ]
      },
      {
        "date": "2026-08-07",
        "close": 39.7546,
        "volume": 44183,
        "typical_volume": 34401.9,
        "trend": 36.792843,
        "fair_value": 29.549574,
        "relative_strength": 0.540487,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.347577,
        "energy": 26.961623,
        "activity_lines": [
          38.67028,
          38.740062,
          38.491612,
          37.677262
        ]
      }
    ],
    "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."
    }
  }
}