{
  "ticker": {
    "uuid": "2f36d681-bbc3-41d3-81f5-e08b535fddf8",
    "symbol": "MEXX",
    "name": "DIREXION DAILY MSCI MEXICO BULL 3X 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": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "down",
    "architecture_direction": -31.228,
    "architecture_energy": 14.765,
    "architecture_maturity": 21.497,
    "architecture_confidence": 66.779,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 47.93,
        "rotation_up": 22.45,
        "upward_expansion": 14.44,
        "deceleration": 36.38,
        "rotation_down": 36.64,
        "downward_expansion": 62.11
      },
      "activity_lines": [
        29.329187,
        29.129922,
        29.765693,
        30.1167
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 30.5007,
    "trend_reference": 30.887968,
    "distance_from_trend": -0.012538,
    "trend_direction": "Improving",
    "fair_value": 21.816396,
    "distance_from_fair_value": 0.398063,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.65392,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.174714,
    "excess_performance": -0.300339,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.012538,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.058171,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.398063,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.157742,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.006539,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.260638,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.174714,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.274279,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 71209,
      "relative_activity": 0.559955,
      "balance": 1.274279,
      "dry_up": 0.450089,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.109931,
      "annualized_volatility": 0.687122,
      "from_high_reference": -0.22242,
      "from_low_reference": 0.830391
    },
    "levels": {
      "trend_reference": 30.887968,
      "fair_value_reference": 21.816396,
      "structural_low": 23.553072,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.032636,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": 0.024477,
        "regime_survival": 0.545455,
        "best_return": 0.465016,
        "worst_return": -0.378256,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.033794,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.009966,
        "regime_survival": 0.0,
        "best_return": 0.426487,
        "worst_return": -0.451607,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.076907,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.052697,
        "regime_survival": 0.0,
        "best_return": 0.602834,
        "worst_return": -0.5924,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.016021,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.156102,
        "regime_survival": 0.0,
        "best_return": 2.311586,
        "worst_return": -0.506592,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-09-15",
        "end": "2023-10-06",
        "tenure": "New",
        "return": -0.253942,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2023-12-08",
        "tenure": "Developing",
        "return": 0.518967,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-01-12",
        "tenure": "Developing",
        "return": -0.035293,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-01-26",
        "tenure": "New",
        "return": 0.049584,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-02-16",
        "tenure": "New",
        "return": -0.041375,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2024-03-01",
        "tenure": "New",
        "return": -0.043147,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-03-29",
        "tenure": "New",
        "return": 0.163992,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
        "return": -0.219848,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-05-31",
        "tenure": "Developing",
        "return": -0.11104,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-02-14",
        "tenure": "Extended",
        "return": -0.278248,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-25",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      {
        "regime": "balance",
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        "active": true
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    ],
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        "typical_volume": 229342.5,
        "trend": 27.148123,
        "fair_value": 21.614252,
        "relative_strength": 35.833164,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-04-24",
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        ]
      },
      {
        "date": "2026-05-01",
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        "typical_volume": 234407.65,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 234610.45,
        "trend": 28.197379,
        "fair_value": 21.708552,
        "relative_strength": 26.717701,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
        "close": 30.342286,
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        "typical_volume": 237193.95,
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        "relative_strength": 12.754754,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 236028.35,
        "trend": 28.848914,
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        "relative_strength": 12.817873,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.782856,
        "energy": 12.477182,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 31.661516,
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        "typical_volume": 231420.75,
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        "relative_strength": 13.396714,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 27.495527,
        "volume": 86405,
        "typical_volume": 226673.1,
        "trend": 29.35076,
        "fair_value": 21.792028,
        "relative_strength": 0.56372,
        "stage": 3,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 31.046536,
        "volume": 142613,
        "typical_volume": 224529.35,
        "trend": 29.652769,
        "fair_value": 21.795116,
        "relative_strength": 12.139573,
        "stage": 3,
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        "modifier": "Recompressing",
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      },
      {
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        "relative_strength": 9.986513,
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        "energy": 6.903911,
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      },
      {
        "date": "2026-06-26",
        "close": 28.584,
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        "typical_volume": 195544.65,
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        "fair_value": 21.822242,
        "relative_strength": 3.373481,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 17.981408,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 61787,
        "typical_volume": 184190.7,
        "trend": 30.36577,
        "fair_value": 21.824234,
        "relative_strength": 1.059048,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.971544,
        "energy": 19.867224,
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          29.350394,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 27.8973,
        "volume": 69518,
        "typical_volume": 174818.0,
        "trend": 30.456146,
        "fair_value": 21.810957,
        "relative_strength": -3.49535,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.445253,
        "energy": 31.214441,
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          28.863949,
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      },
      {
        "date": "2026-07-17",
        "close": 28.0702,
        "volume": 42412,
        "typical_volume": 163010.2,
        "trend": 30.575858,
        "fair_value": 21.808192,
        "relative_strength": -1.944812,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.64788,
        "energy": 46.671953,
        "activity_lines": [
          28.408354,
          29.07919,
          29.828985,
          30.344497
        ]
      },
      {
        "date": "2026-07-24",
        "close": 28.2922,
        "volume": 37593,
        "typical_volume": 144843.75,
        "trend": 30.617296,
        "fair_value": 21.78613,
        "relative_strength": -1.109213,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.648581,
        "energy": 42.934558,
        "activity_lines": [
          28.22518,
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          29.702637,
          30.197164
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.63,
        "volume": 77736,
        "typical_volume": 132991.15,
        "trend": 30.760594,
        "fair_value": 21.795408,
        "relative_strength": 1.770421,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -49.56991,
        "energy": 30.257483,
        "activity_lines": [
          28.666933,
          28.899511,
          29.702725,
          30.133468
        ]
      },
      {
        "date": "2026-08-07",
        "close": 30.5007,
        "volume": 71209,
        "typical_volume": 127169.2,
        "trend": 30.887968,
        "fair_value": 21.816396,
        "relative_strength": 0.65392,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -31.228181,
        "energy": 14.764907,
        "activity_lines": [
          29.329187,
          29.129922,
          29.765693,
          30.1167
        ]
      }
    ],
    "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."
    }
  }
}