{ "ticker": { "uuid": "26edc6f3-9a1e-405b-bdea-a644ce50d9fe", "symbol": "XSW", "name": "STATE STREET SPDR S&P SOFTWARE & SERVICES 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": 84.868, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 82.673, "architecture_energy": 73.561, "architecture_maturity": 20.383, "architecture_confidence": 75.927, "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": 16.34, "rotation_up": 72.87, "upward_expansion": 90.95, "deceleration": 43.23, "rotation_down": 13.51, "downward_expansion": 15.28 }, "activity_lines": [ 183.353333, 178.247091, 171.613238, 166.333677 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 195.76, "trend_reference": 162.485, "distance_from_trend": 0.204788, "trend_direction": "Weakening", "fair_value": 164.874969, "distance_from_fair_value": 0.187324, "fair_value_direction": "Improving", "relative_strength": -0.49599, "relative_strength_direction": "Improving", "price_momentum": 0.25834, "excess_performance": 0.132715, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.204788, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.027435, "read": "Falling" 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166.676667, 165.721455, 159.559143, 159.931043 ] }, { "date": "2026-07-03", "close": 176.45, "volume": 103266, "typical_volume": 422667.75, "trend": 164.017197, "fair_value": 163.46456, "relative_strength": -8.914547, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.818063, "energy": 27.311156, "activity_lines": [ 169.376, 168.083091, 161.544381, 160.700363 ] }, { "date": "2026-07-10", "close": 177.05, "volume": 313796, "typical_volume": 427250.6, "trend": 163.49953, "fair_value": 163.709309, "relative_strength": -9.387012, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.547238, "energy": 32.752994, "activity_lines": [ 172.331333, 170.097818, 163.467905, 161.541189 ] }, { "date": "2026-07-17", "close": 177.45, "volume": 133546, "typical_volume": 410006.65, "trend": 163.057207, "fair_value": 163.962665, "relative_strength": -7.271762, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.972956, "energy": 51.870267, "activity_lines": [ 174.830667, 171.817818, 165.297905, 162.44122 ] }, { "date": "2026-07-24", "close": 169.53, "volume": 259474, "typical_volume": 389607.0, "trend": 162.336873, "fair_value": 164.158122, "relative_strength": -10.370166, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.275217, "energy": 56.549629, "activity_lines": [ 173.937333, 171.833455, 166.245524, 162.858819 ] }, { "date": "2026-07-31", "close": 182.74, "volume": 248482, "typical_volume": 376042.45, "trend": 162.302827, "fair_value": 164.461492, "relative_strength": -4.075562, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.168528, "energy": 61.853051, "activity_lines": [ 176.981333, 174.017636, 168.388476, 164.17515 ] }, { "date": "2026-08-07", "close": 195.76, "volume": 396043, "typical_volume": 381726.55, "trend": 162.485, "fair_value": 164.874969, "relative_strength": -0.49599, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.673188, "energy": 73.560606, "activity_lines": [ 183.353333, 178.247091, 171.613238, 166.333677 ] } ], "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." } } }