{
  "ticker": {
    "uuid": "2cfbee57-407f-43f6-8d2a-18d7e63c381a",
    "symbol": "SPYL",
    "name": "State Street SPDR S&P 500 UCITS ETF USD Acc",
    "exchange": "EBS",
    "country": "CH",
    "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": {
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    "as_of": "2026-08-21",
    "benchmark": "^SSMI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 73.235,
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    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 65.835,
    "architecture_energy": 76.245,
    "architecture_maturity": 37.529,
    "architecture_confidence": 79.161,
    "architecture_tenure": "Established",
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      "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."
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        "balance": 24.24,
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      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
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        "label": "Price vs current Fair Value",
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        "label": "Relative Strength vs benchmark",
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        "label": "Relative strength direction",
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        "read": "Weakening"
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        "label": "Price momentum",
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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      },
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      },
      {
        "date": "2026-08-07",
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        "typical_volume": 799595.0,
        "trend": 17.639,
        "fair_value": 14.724717,
        "relative_strength": 1.009973,
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        "direction": 85.83966,
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      },
      {
        "date": "2026-08-14",
        "close": 19.257999,
        "volume": 412056,
        "typical_volume": 733692.85,
        "trend": 17.710667,
        "fair_value": 14.755767,
        "relative_strength": 2.497805,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.346541,
        "energy": 70.898736,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-21",
        "close": 19.004,
        "volume": 1291844,
        "typical_volume": 703124.55,
        "trend": 17.775533,
        "fair_value": 14.784667,
        "relative_strength": 0.650285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.835011,
        "energy": 76.24525,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}