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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.805, "architecture_energy": 70.216, "architecture_maturity": 39.224, "architecture_confidence": 81.967, "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": 4.54, "rotation_up": 68.15, "upward_expansion": 87.67, "deceleration": 54.59, "rotation_down": 22.09, "downward_expansion": 12.0 }, "activity_lines": [ 92.501999, 91.836363, 89.751061, 88.191141 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 93.68, "trend_reference": 86.578079, "distance_from_trend": 0.082029, "trend_direction": "Improving", "fair_value": 75.595681, "distance_from_fair_value": 0.239224, "fair_value_direction": "Improving", "relative_strength": 1.277452, "relative_strength_direction": "Weakening", "price_momentum": 0.099527, "excess_performance": 0.016644, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.082029, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.038205, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.239224, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.087693, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.012775, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.010932, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.099527, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.729706, "read": "Demand-led" } ], "volume": { "latest": 193398, "relative_activity": 0.692656, "balance": 2.729706, "dry_up": 0.740946, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.019058, "annualized_volatility": 0.144243, "from_high_reference": -0.00404, "from_low_reference": 0.243489 }, "levels": { "trend_reference": 86.578079, "fair_value_reference": 75.595681, "structural_low": 76.911299, 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"upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.455366, "energy": 89.555653, "activity_lines": [ 91.704, 90.289818, 88.058886, 86.928535 ] }, { "date": "2026-07-24", "close": 91.739998, "volume": 278612, "typical_volume": 314160.5, "trend": 85.980844, "fair_value": 75.265344, "relative_strength": 0.71768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.625759, "energy": 85.814059, "activity_lines": [ 91.862666, 90.774909, 88.594577, 87.318595 ] }, { "date": "2026-07-31", "close": 92.099998, "volume": 79188, "typical_volume": 293841.5, "trend": 86.274686, "fair_value": 75.425216, "relative_strength": 0.967492, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.616174, "energy": 68.702901, "activity_lines": [ 91.951999, 91.208363, 89.121987, 87.713379 ] }, { "date": "2026-08-07", "close": 93.68, "volume": 193398, "typical_volume": 279212.3, "trend": 86.578079, "fair_value": 75.595681, "relative_strength": 1.277452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.804926, "energy": 70.215601, "activity_lines": [ 92.501999, 91.836363, 89.751061, 88.191141 ] } ], "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." } } }