{ "ticker": { "uuid": "1cb684a4-cd37-4856-81bc-1dddd1ff6dd4", "symbol": "XRT", "name": "STATE STREET SPDR S&P RETAIL 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": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 57.658, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 66.128, "architecture_energy": 45.53, "architecture_maturity": 6.955, "architecture_confidence": 74.167, "architecture_tenure": "New", "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": 22.76, "rotation_up": 62.16, "upward_expansion": 81.81, "deceleration": 51.44, "rotation_down": 16.34, "downward_expansion": 6.15 }, "activity_lines": [ 89.411333, 88.691533, 86.843351, 85.884321 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 90.82, "trend_reference": 85.522904, "distance_from_trend": 0.061938, "trend_direction": "Improving", "fair_value": 76.23234, "distance_from_fair_value": 0.191358, "fair_value_direction": "Improving", "relative_strength": -4.9277, "relative_strength_direction": "Improving", "price_momentum": 0.014839, "excess_performance": -0.110786, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.061938, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012797, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.191358, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.050795, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.049277, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.043987, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.014839, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.698608, "read": "Demand-led" } ], "volume": { "latest": 20658384, "relative_activity": 0.839364, "balance": 1.698608, "dry_up": 0.916869, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.046208, "annualized_volatility": 0.213511, "from_high_reference": -0.028871, "from_low_reference": 0.18128 }, "levels": { "trend_reference": 85.522904, "fair_value_reference": 76.23234, "structural_low": 77.690556, 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87.420954, 85.743032, 84.536626, 84.698513 ] }, { "date": "2026-07-10", "close": 88.08, "volume": 16343815, "typical_volume": 26608111.4, "trend": 85.276141, "fair_value": 75.591497, "relative_strength": -6.060181, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.207068, "energy": 49.620998, "activity_lines": [ 87.916204, 86.339648, 84.931995, 84.88069 ] }, { "date": "2026-07-17", "close": 89.42, "volume": 22210529, "typical_volume": 26216562.45, "trend": 85.353301, "fair_value": 75.755491, "relative_strength": -3.025294, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.074417, "energy": 52.835456, "activity_lines": [ 88.4828, 87.13106, 85.456626, 85.148036 ] }, { "date": "2026-07-24", "close": 87.01, "volume": 20520022, "typical_volume": 25587442.1, "trend": 85.353679, "fair_value": 75.896849, "relative_strength": -4.916126, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.28206, "energy": 34.277031, "activity_lines": [ 88.120667, 87.395484, 85.739015, 85.25492 ] }, { "date": "2026-07-31", "close": 89.78, "volume": 26874777, "typical_volume": 25027079.4, "trend": 85.490606, "fair_value": 76.058876, "relative_strength": -2.867148, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.931562, "energy": 41.372466, "activity_lines": [ 88.628, 88.016414, 86.265403, 85.540489 ] }, { "date": "2026-08-07", "close": 90.82, "volume": 20658384, "typical_volume": 24611947.7, "trend": 85.522904, "fair_value": 76.23234, "relative_strength": -4.9277, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.128006, "energy": 45.529965, "activity_lines": [ 89.411333, 88.691533, 86.843351, 85.884321 ] } ], "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." } } }