{ "ticker": { "uuid": "3147d02f-9903-45cf-9a0c-37ecadbe2ab6", "symbol": "SPXN", "name": "PROSHARES TRUST S&P 500 EX FINLS 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 91.81, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 78.024, "architecture_energy": 50.467, "architecture_maturity": 35.434, "architecture_confidence": 67.886, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 27.04, "rotation_up": 48.85, "upward_expansion": 77.94, "deceleration": 67.36, "rotation_down": 27.15, "downward_expansion": 6.94 }, "activity_lines": [ 82.447393, 82.025946, 81.428608, 79.800767 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 84.7065, "trend_reference": 77.903925, "distance_from_trend": 0.08732, "trend_direction": "Improving", "fair_value": 62.998475, "distance_from_fair_value": 0.34458, "fair_value_direction": "Weakening", "relative_strength": 0.267825, "relative_strength_direction": "Weakening", "price_momentum": 0.130439, "excess_performance": 0.004814, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.08732, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036752, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.34458, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.010227, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.002678, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.014204, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.130439, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.733608, "read": "Demand-led" } ], "volume": { "latest": 3918, "relative_activity": 0.414228, "balance": 2.733608, "dry_up": 0.867099, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.024539, "annualized_volatility": 0.149659, "from_high_reference": -0.003453, "from_low_reference": 0.249482 }, "levels": { "trend_reference": 77.903925, "fair_value_reference": 62.998475, "structural_low": 68.63, "invalidation": "A sustained 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"2026-07-10", "close": 82.7905, "volume": 3492, "typical_volume": 10477.6, "trend": 76.866779, "fair_value": 62.103091, "relative_strength": 0.474348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.115008, "energy": 47.439083, "activity_lines": [ 81.838963, 81.856672, 80.105268, 78.565511 ] }, { "date": "2026-07-17", "close": 81.2262, "volume": 11394, "typical_volume": 10580.1, "trend": 77.124265, "fair_value": 62.320575, "relative_strength": 0.093764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.699825, "energy": 39.308306, "activity_lines": [ 81.676764, 81.743199, 80.412675, 78.846764 ] }, { "date": "2026-07-24", "close": 80.4993, "volume": 4959, "typical_volume": 10011.2, "trend": 77.321519, "fair_value": 62.529757, "relative_strength": -0.240506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.947186, "energy": 36.016891, "activity_lines": [ 81.28376, 81.498546, 80.619943, 79.064508 ] }, { "date": "2026-07-31", "close": 81.6094, "volume": 12535, "typical_volume": 9975.85, "trend": 77.582377, "fair_value": 62.75357, "relative_strength": 0.016825, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.263563, "energy": 34.095944, "activity_lines": [ 81.388333, 81.475147, 80.898831, 79.341146 ] }, { "date": "2026-08-07", "close": 84.7065, "volume": 3918, "typical_volume": 9458.55, "trend": 77.903925, "fair_value": 62.998475, "relative_strength": 0.267825, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 78.024462, "energy": 50.467316, "activity_lines": [ 82.447393, 82.025946, 81.428608, 79.800767 ] } ], "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." } } }