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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 77.87, "architecture_energy": 57.169, "architecture_maturity": 84.388, "architecture_confidence": 65.341, "architecture_tenure": "Established", "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": 17.1, "rotation_up": 48.72, "upward_expansion": 80.65, "deceleration": 71.38, "rotation_down": 29.03, "downward_expansion": 9.65 }, "activity_lines": [ 188.032002, 187.473659, 184.55801, 180.148931 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 191.820007, "trend_reference": 175.152897, "distance_from_trend": 0.095157, "trend_direction": "Improving", "fair_value": 143.388653, "distance_from_fair_value": 0.337763, "fair_value_direction": "Improving", "relative_strength": 0.013633, "relative_strength_direction": "Improving", "price_momentum": 0.144215, "excess_performance": 0.023794, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.095157, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038119, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.337763, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.024324, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.000136, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.013925, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.144215, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.210027, "read": "Demand-led" } ], "volume": { "latest": 1082400, "relative_activity": 0.991913, "balance": 2.210027, "dry_up": 1.304726, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.023219, "annualized_volatility": 0.132538, "from_high_reference": -0.012306, "from_low_reference": 0.24093 }, "levels": { "trend_reference": 175.152897, "fair_value_reference": 143.388653, "structural_low": 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"Established expansion", "gate": "up", "direction": 77.900576, "energy": 82.469378, "activity_lines": [ 187.97965, 186.17297, 180.548142, 176.637 ] }, { "date": "2026-07-17", "close": 185.25, "volume": 1470200, "typical_volume": 1141700.0, "trend": 173.230199, "fair_value": 141.77214, "relative_strength": -0.71429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.908284, "energy": 63.153875, "activity_lines": [ 187.355924, 186.297807, 181.522494, 177.452312 ] }, { "date": "2026-07-24", "close": 185.210007, "volume": 1441600, "typical_volume": 1104065.0, "trend": 173.81854, "fair_value": 142.289941, "relative_strength": -0.896357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.572409, "energy": 59.245674, "activity_lines": [ 186.647334, 186.302427, 182.402214, 178.225202 ] }, { "date": "2026-07-31", "close": 186.289993, "volume": 1700800, "typical_volume": 1111975.0, "trend": 174.473672, "fair_value": 142.82232, "relative_strength": 0.204072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.686928, "energy": 50.858072, "activity_lines": [ 186.481999, 186.416951, 183.276111, 179.029812 ] }, { "date": "2026-08-07", "close": 191.820007, "volume": 1082400, "typical_volume": 1091225.0, "trend": 175.152897, "fair_value": 143.388653, "relative_strength": 0.013633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.869715, "energy": 57.169265, "activity_lines": [ 188.032002, 187.473659, 184.55801, 180.148931 ] } ], "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." } } }