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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "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": 80.171, "architecture_energy": 66.836, "architecture_maturity": 75.807, "architecture_confidence": 78.468, "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": 9.61, "rotation_up": 57.92, "upward_expansion": 85.11, "deceleration": 68.32, "rotation_down": 27.31, "downward_expansion": 11.78 }, "activity_lines": [ 164.442667, 163.676981, 160.393545, 157.371433 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 166.79, "trend_reference": 153.942056, "distance_from_trend": 0.08346, "trend_direction": "Improving", "fair_value": 125.865214, "distance_from_fair_value": 0.325148, "fair_value_direction": "Improving", "relative_strength": 1.541864, "relative_strength_direction": "Improving", "price_momentum": 0.094911, "excess_performance": -0.030714, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08346, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.052849, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.325148, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.054729, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.015419, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.030045, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.094911, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.029737, "read": "Demand-led" } ], "volume": { "latest": 928893, "relative_activity": 0.772546, "balance": 3.029737, "dry_up": 0.912724, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.019635, "annualized_volatility": 0.097521, "from_high_reference": -0.003034, "from_low_reference": 0.295667 }, "levels": { "trend_reference": 153.942056, "fair_value_reference": 125.865214, "structural_low": 142.18, 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"activity_lines": [ 163.304, 162.750498, 159.325262, 156.495081 ] }, { "date": "2026-08-07", "close": 166.79, "volume": 928893, "typical_volume": 1202379.0, "trend": 153.942056, "fair_value": 125.865214, "relative_strength": 1.541864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.170645, "energy": 66.836311, "activity_lines": [ 164.442667, 163.676981, 160.393545, 157.371433 ] } ], "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." } } }