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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": 61.803, "architecture_energy": 52.851, "architecture_maturity": 36.887, "architecture_confidence": 87.04, "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": 13.94, "rotation_up": 59.91, "upward_expansion": 82.02, "deceleration": 52.18, "rotation_down": 18.2, "downward_expansion": 8.68 }, "activity_lines": [ 91.218667, 90.339901, 88.779543, 87.007958 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 91.62, "trend_reference": 84.358267, "distance_from_trend": 0.086082, "trend_direction": "Improving", "fair_value": 78.179722, "distance_from_fair_value": 0.171915, "fair_value_direction": "Improving", "relative_strength": 2.533841, "relative_strength_direction": "Improving", "price_momentum": 0.144558, "excess_performance": 0.018933, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086082, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.073849, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.171915, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.060649, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.025338, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.038225, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.144558, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.519945, "read": "Demand-led" } ], "volume": { "latest": 20456806, "relative_activity": 1.470807, "balance": 2.519945, "dry_up": 1.070827, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.043808, "annualized_volatility": 0.203764, "from_high_reference": -0.0248, "from_low_reference": 0.347818 }, "levels": { "trend_reference": 84.358267, "fair_value_reference": 78.179722, "structural_low": 76.135977, 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13150382.15, "trend": 83.187915, "fair_value": 78.036425, "relative_strength": 8.199877, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.280382, "energy": 63.44595, "activity_lines": [ 91.354, 90.021296, 87.944151, 86.12781 ] }, { "date": "2026-07-31", "close": 88.89, "volume": 14840296, "typical_volume": 13404398.05, "trend": 83.679795, "fair_value": 78.100419, "relative_strength": 2.979851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.399703, "energy": 54.477008, "activity_lines": [ 90.87, 89.958012, 88.250599, 86.495687 ] }, { "date": "2026-08-07", "close": 91.62, "volume": 20456806, "typical_volume": 13908556.05, "trend": 84.358267, "fair_value": 78.179722, "relative_strength": 2.533841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.802811, "energy": 52.851085, "activity_lines": [ 91.218667, 90.339901, 88.779543, 87.007958 ] } ], "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." } } }