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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": 72.616, "architecture_energy": 53.062, "architecture_maturity": 74.089, "architecture_confidence": 73.171, "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": 16.4, "rotation_up": 50.53, "upward_expansion": 79.06, "deceleration": 70.63, "rotation_down": 26.27, "downward_expansion": 8.06 }, "activity_lines": [ 1116.132, 1105.281818, 1053.772851, 996.125739 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 1162.84, "trend_reference": 937.13239, "distance_from_trend": 0.240849, "trend_direction": "Improving", "fair_value": 741.247012, "distance_from_fair_value": 0.568762, "fair_value_direction": "Improving", "relative_strength": 13.466662, "relative_strength_direction": "Improving", "price_momentum": 0.298334, "excess_performance": 0.172709, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.240849, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.104703, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.568762, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.206243, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.134667, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.144751, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.298334, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.12145, "read": "Demand-led" } ], "volume": { "latest": 2261319, "relative_activity": 0.896258, "balance": 2.12145, "dry_up": 1.028023, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.069804, "annualized_volatility": 0.436317, "from_high_reference": -0.013857, "from_low_reference": 0.660926 }, "levels": { "trend_reference": 937.13239, "fair_value_reference": 741.247012, "structural_low": 700.115301, 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"activity_lines": [ 1099.618667, 1087.664727, 1022.296858, 970.901672 ] }, { "date": "2026-07-31", "close": 1079.26, "volume": 2511126, "typical_volume": 2548443.5, "trend": 929.528039, "fair_value": 736.842589, "relative_strength": 9.25011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.709692, "energy": 46.581732, "activity_lines": [ 1092.532, 1090.153636, 1034.872925, 981.073354 ] }, { "date": "2026-08-07", "close": 1162.84, "volume": 2261319, "typical_volume": 2523067.6, "trend": 937.13239, "fair_value": 741.247012, "relative_strength": 13.466662, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.615849, "energy": 53.062185, "activity_lines": [ 1116.132, 1105.281818, 1053.772851, 996.125739 ] } ], "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." } } }