{ "ticker": { "uuid": "252b8269-0d50-412a-906e-7a151e9d26a0", "symbol": "SPYU", "name": "BANK OF MONTREAL S&P 500 INDEX 4X LEVERAGED ETN", "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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 70.085, "architecture_energy": 38.719, "architecture_maturity": 44.601, "architecture_confidence": 77.206, "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": 32.16, "rotation_up": 46.06, "upward_expansion": 75.26, "deceleration": 64.39, "rotation_down": 24.43, "downward_expansion": 4.26 }, "activity_lines": [ 33.690667, 33.158, 32.64019, 30.995763 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 36.77, "trend_reference": 29.321333, "distance_from_trend": 0.254036, "trend_direction": "Improving", "fair_value": 23.089536, "distance_from_fair_value": 0.592496, "fair_value_direction": "Improving", "relative_strength": 16.790386, "relative_strength_direction": "Weakening", "price_momentum": 0.321236, "excess_performance": 0.195611, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.254036, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.064695, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.592496, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.091121, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.167904, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.012631, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.321236, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.290861, "read": "Demand-led" } ], "volume": { "latest": 3259617, "relative_activity": 0.588592, "balance": 2.290861, "dry_up": 0.614009, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.093735, "annualized_volatility": 0.565554, "from_high_reference": -0.021033, "from_low_reference": 1.001633 }, "levels": { "trend_reference": 29.321333, "fair_value_reference": 23.089536, "structural_low": 18.37, "invalidation": "A sustained 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33.654872, "activity_lines": [ 32.974667, 33.106545, 31.287095, 29.904505 ] }, { "date": "2026-07-17", "close": 32.14, "volume": 3817647, "typical_volume": 6831594.15, "trend": 28.835167, "fair_value": 22.863248, "relative_strength": 7.356632, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.360868, "energy": 26.680295, "activity_lines": [ 32.762, 32.904909, 31.581238, 30.127806 ] }, { "date": "2026-07-24", "close": 31.2, "volume": 2657018, "typical_volume": 6413228.5, "trend": 28.912167, "fair_value": 22.923659, "relative_strength": 4.618348, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.657039, "energy": 25.748529, "activity_lines": [ 32.266, 32.55, 31.759429, 30.280376 ] }, { "date": "2026-07-31", "close": 32.3, "volume": 3867219, "typical_volume": 6009741.9, "trend": 29.069333, "fair_value": 22.991115, "relative_strength": 6.711734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.596826, "energy": 22.798704, "activity_lines": [ 32.294667, 32.430727, 32.009762, 30.498946 ] }, { "date": "2026-08-07", "close": 36.77, "volume": 3259617, "typical_volume": 5537987.2, "trend": 29.321333, "fair_value": 23.089536, "relative_strength": 16.790386, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.084781, "energy": 38.71899, "activity_lines": [ 33.690667, 33.158, 32.64019, 30.995763 ] } ], "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." } } }