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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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "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": 55.461, "architecture_energy": 56.716, "architecture_maturity": 93.0, "architecture_confidence": 78.727, "architecture_tenure": "Developing", "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": 13.78, "rotation_up": 50.2, "upward_expansion": 74.83, "deceleration": 62.66, "rotation_down": 27.62, "downward_expansion": 22.5 }, "activity_lines": [ 382.708, 383.584748, 350.683165, 313.084235 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 385.0, "trend_reference": 272.619686, "distance_from_trend": 0.412224, "trend_direction": "Improving", "fair_value": 310.643242, "distance_from_fair_value": 0.239364, "fair_value_direction": "Improving", "relative_strength": 27.746717, "relative_strength_direction": "Improving", "price_momentum": 0.99554, "excess_performance": 0.869915, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.412224, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.183783, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.239364, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.377798, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.277467, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.256276, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.99554, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.783317, "read": "Demand-led" } ], "volume": { "latest": 7217436, "relative_activity": 0.916968, "balance": 1.783317, "dry_up": 0.990459, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.080011, "annualized_volatility": 0.440771, "from_high_reference": -0.102317, "from_low_reference": 1.372724 }, "levels": { "trend_reference": 272.619686, "fair_value_reference": 310.643242, "structural_low": 162.260744, 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75.412738, "energy": 70.224245, "activity_lines": [ 392.442025, 375.8486, 324.598809, 290.994441 ] }, { "date": "2026-07-24", "close": 389.32, "volume": 4390195, "typical_volume": 7788359.1, "trend": 265.608069, "fair_value": 311.903794, "relative_strength": 36.322751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.615816, "energy": 66.614658, "activity_lines": [ 393.373333, 381.60442, 335.225494, 299.259377 ] }, { "date": "2026-07-31", "close": 363.86, "volume": 11549456, "typical_volume": 7984824.25, "trend": 268.966638, "fair_value": 311.235596, "relative_strength": 25.465615, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.549003, "energy": 62.20159, "activity_lines": [ 383.851333, 381.187479, 342.422166, 305.598212 ] }, { "date": "2026-08-07", "close": 385.0, "volume": 7217436, "typical_volume": 7870979.45, "trend": 272.619686, "fair_value": 310.643242, "relative_strength": 27.746717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.460601, "energy": 56.716216, "activity_lines": [ 382.708, 383.584748, 350.683165, 313.084235 ] } ], "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." } } }