{
  "ticker": {
    "uuid": "229bead0-1c4b-4efe-bef4-0dc4f6b14fe6",
    "symbol": "IWLG",
    "name": "NYLI WINSLOW LARGE CAP GROWTH 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 64.809,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 60.011,
    "architecture_energy": 27.708,
    "architecture_maturity": 45.587,
    "architecture_confidence": 77.379,
    "architecture_tenure": "Developing",
    "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": 49.73,
        "rotation_up": 34.2,
        "upward_expansion": 62.67,
        "deceleration": 92.6,
        "rotation_down": 26.89,
        "downward_expansion": 12.0
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
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    "latest_close": 57.1,
    "trend_reference": 53.256127,
    "distance_from_trend": 0.072177,
    "trend_direction": "Improving",
    "fair_value": 45.957083,
    "distance_from_fair_value": 0.242464,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.839664,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.111544,
    "excess_performance": -0.014081,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.072177,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.008163,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.242464,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.031594,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.048397,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.001722,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.111544,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.928452,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 90387,
      "relative_activity": 0.161364,
      "balance": 0.928452,
      "dry_up": 0.247322,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.040313,
      "annualized_volatility": 0.210683,
      "from_high_reference": -0.018425,
      "from_low_reference": 0.249316
    },
    "levels": {
      "trend_reference": 53.256127,
      "fair_value_reference": 45.957083,
      "structural_low": 45.705,
      "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": 9,
        "median_return": -0.009366,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.016407,
        "regime_survival": 0.444444,
        "best_return": 0.08985,
        "worst_return": -0.138043,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.006281,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.028195,
        "regime_survival": 0.0,
        "best_return": 0.143676,
        "worst_return": -0.155738,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.08126,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.000635,
        "regime_survival": 0.0,
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        "worst_return": 0.048432,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "worst_return": 0.097301,
        "sufficient": false
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        "regime": "deceleration",
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        "end": "2025-01-24",
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        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "New",
        "return": -0.016239,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "regime": "balance",
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        "active": false
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        "fair_value": 44.246922,
        "relative_strength": -5.530428,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.483043,
        "energy": 66.57994,
        "activity_lines": [
          55.563993,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 57.3208,
        "volume": 57565,
        "typical_volume": 631462.9,
        "trend": 52.824941,
        "fair_value": 44.41849,
        "relative_strength": -4.286392,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 52.169645,
        "energy": 73.529049,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 54.94,
        "volume": 41497,
        "typical_volume": 624792.45,
        "trend": 52.847651,
        "fair_value": 44.576638,
        "relative_strength": -5.700444,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 64.072064,
        "energy": 54.2833,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-12",
        "close": 55.0979,
        "volume": 168779,
        "typical_volume": 615050.8,
        "trend": 52.878291,
        "fair_value": 44.729922,
        "relative_strength": -5.76658,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.288497,
        "energy": 45.602572,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 57.1575,
        "volume": 86205,
        "typical_volume": 613401.7,
        "trend": 53.033883,
        "fair_value": 44.898122,
        "relative_strength": -2.982513,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 71.167309,
        "energy": 49.904612,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 54.35,
        "volume": 80789,
        "typical_volume": 606573.6,
        "trend": 53.02312,
        "fair_value": 45.043945,
        "relative_strength": -5.274511,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.979124,
        "energy": 30.700346,
        "activity_lines": [
          55.524967,
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        ]
      },
      {
        "date": "2026-07-03",
        "close": 55.3719,
        "volume": 54477,
        "typical_volume": 593604.4,
        "trend": 53.04056,
        "fair_value": 45.199417,
        "relative_strength": -5.317962,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.632482,
        "energy": 28.994021,
        "activity_lines": [
          55.391187,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 57.0122,
        "volume": 34977,
        "typical_volume": 586140.25,
        "trend": 53.143677,
        "fair_value": 45.357907,
        "relative_strength": -3.638392,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 65.899129,
        "energy": 41.722024,
        "activity_lines": [
          55.9341,
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          53.781055
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      },
      {
        "date": "2026-07-17",
        "close": 54.96,
        "volume": 187393,
        "typical_volume": 589119.1,
        "trend": 53.168677,
        "fair_value": 45.505272,
        "relative_strength": -5.415652,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.124922,
        "energy": 26.234713,
        "activity_lines": [
          55.6548,
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          54.870616,
          53.898237
        ]
      },
      {
        "date": "2026-07-24",
        "close": 54.29,
        "volume": 49842,
        "typical_volume": 579396.8,
        "trend": 53.14377,
        "fair_value": 45.644904,
        "relative_strength": -5.789152,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.116862,
        "energy": 23.081338,
        "activity_lines": [
          55.16136,
          55.433484,
          54.952693,
          53.970581
        ]
      },
      {
        "date": "2026-07-31",
        "close": 54.6307,
        "volume": 226520,
        "typical_volume": 571090.8,
        "trend": 53.166127,
        "fair_value": 45.791534,
        "relative_strength": -5.980714,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.753624,
        "energy": 18.491855,
        "activity_lines": [
          54.972653,
          55.250696,
          55.047265,
          54.066512
        ]
      },
      {
        "date": "2026-08-07",
        "close": 57.1,
        "volume": 90387,
        "typical_volume": 560142.45,
        "trend": 53.256127,
        "fair_value": 45.957083,
        "relative_strength": -4.839664,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 60.01112,
        "energy": 27.708364,
        "activity_lines": [
          55.588333,
          55.539224,
          55.351434,
          54.32031
        ]
      }
    ],
    "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."
    }
  }
}