{
  "ticker": {
    "uuid": "220f2749-402f-4f64-86ea-e48f815b0871",
    "symbol": "HYTR",
    "name": "COUNTERPOINT HIGH YIELD TREND ETF",
    "exchange": "NYSE",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 30.466,
    "architecture_energy": 13.395,
    "architecture_maturity": 34.737,
    "architecture_confidence": 57.503,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 46.61,
        "rotation_up": 38.76,
        "upward_expansion": 37.48,
        "deceleration": 57.91,
        "rotation_down": 35.21,
        "downward_expansion": 20.81
      },
      "activity_lines": [
        21.269536,
        21.266865,
        21.258424,
        21.242657
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 21.36,
    "trend_reference": 21.249678,
    "distance_from_trend": 0.005192,
    "trend_direction": "Improving",
    "fair_value": 19.962366,
    "distance_from_fair_value": 0.070013,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.108064,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.000972,
    "excess_performance": -0.126597,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.005192,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.001978,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.070013,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.011931,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.101081,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.003393,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.000972,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.188019,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 214923,
      "relative_activity": 0.669256,
      "balance": 1.188019,
      "dry_up": 1.119426,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.005999,
      "annualized_volatility": 0.031447,
      "from_high_reference": -0.004241,
      "from_low_reference": 0.035248
    },
    "levels": {
      "trend_reference": 21.249678,
      "fair_value_reference": 19.962366,
      "structural_low": 20.943538,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": 0.001206,
        "positive_rate": 0.529412,
        "directional_follow_through": 0.529412,
        "median_excess_return": -0.00585,
        "regime_survival": 0.588235,
        "best_return": 0.038582,
        "worst_return": -0.031128,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.007182,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.041679,
        "regime_survival": 0.25,
        "best_return": 0.054238,
        "worst_return": -0.060899,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.019353,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.060594,
        "regime_survival": 0.0,
        "best_return": 0.072946,
        "worst_return": -0.068586,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.058014,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.188157,
        "regime_survival": 0.333333,
        "best_return": 0.067755,
        "worst_return": -0.116746,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-10-20",
        "end": "2023-11-10",
        "tenure": "New",
        "return": 0.01526,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2023-12-01",
        "tenure": "New",
        "return": 0.020161,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-04-19",
        "tenure": "Established",
        "return": 0.022735,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.013813,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2025-01-03",
        "tenure": "Extended",
        "return": 0.05938,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.014286,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.00443,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.007655,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-09",
        "end": "2025-05-23",
        "tenure": "New",
        "return": 0.005912,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.019881,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": 0.033857,
        "active": false
      },
      {
        "regime": "deceleration",
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        "active": false
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      {
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        "active": false
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      {
        "regime": "balance",
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        "active": true
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    ],
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      },
      {
        "date": "2026-07-03",
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      },
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-17",
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        "volume": 318510,
        "typical_volume": 309647.45,
        "trend": 21.253294,
        "fair_value": 19.89814,
        "relative_strength": -7.594771,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.952312,
        "energy": 19.025047,
        "activity_lines": [
          21.286669,
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          21.246769,
          21.243497
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.155,
        "volume": 498562,
        "typical_volume": 320361.45,
        "trend": 21.250495,
        "fair_value": 19.91873,
        "relative_strength": -7.426394,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -7.907214,
        "energy": 5.022307,
        "activity_lines": [
          21.245196,
          21.255315,
          21.242101,
          21.237155
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.225,
        "volume": 405962,
        "typical_volume": 325802.75,
        "trend": 21.24923,
        "fair_value": 19.940198,
        "relative_strength": -7.83724,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.331411,
        "energy": 10.01918,
        "activity_lines": [
          21.234321,
          21.248696,
          21.244245,
          21.235511
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.36,
        "volume": 214923,
        "typical_volume": 321137.05,
        "trend": 21.249678,
        "fair_value": 19.962366,
        "relative_strength": -10.108064,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 30.466239,
        "energy": 13.394983,
        "activity_lines": [
          21.269536,
          21.266865,
          21.258424,
          21.242657
        ]
      }
    ],
    "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."
    }
  }
}