{ "ticker": { "uuid": "35010bae-c2af-44e7-a254-8b3a9f363f22", "symbol": "CPSD", "name": "CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - DECEMBER", "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": 71.108, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.609, "architecture_energy": 91.08, "architecture_maturity": 22.724, "architecture_confidence": 76.829, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. 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-7.117205, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.332045, "energy": 83.607816, "activity_lines": [ 26.70936, 26.675529, 26.537266, 26.422095 ] }, { "date": "2026-07-17", "close": 26.765, "volume": 4267, "typical_volume": 6884.45, "trend": 26.31255, "fair_value": 25.316999, "relative_strength": -5.549565, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.403037, "energy": 84.848996, "activity_lines": [ 26.734453, 26.697165, 26.57326, 26.452974 ] }, { "date": "2026-07-24", "close": 26.76, "volume": 2359, "typical_volume": 6745.75, "trend": 26.335717, "fair_value": 25.333778, "relative_strength": -4.837479, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.185454, "energy": 83.247095, "activity_lines": [ 26.749873, 26.714098, 26.605801, 26.481842 ] }, { "date": "2026-07-31", "close": 26.8574, "volume": 10589, "typical_volume": 7067.0, "trend": 26.364297, "fair_value": 25.351291, "relative_strength": -5.308679, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.650269, "energy": 87.733316, "activity_lines": [ 26.793427, 26.745204, 26.644364, 26.515498 ] }, { "date": "2026-08-07", "close": 26.97, "volume": 27037, "typical_volume": 7845.95, "trend": 26.393963, "fair_value": 25.369685, "relative_strength": -7.905595, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.608598, "energy": 91.080033, "activity_lines": [ 26.85864, 26.79192, 26.689592, 26.554576 ] } ], "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." } } }