{ "ticker": { "uuid": "358eee02-3089-4b47-93b5-00e08377e5d8", "symbol": "SPXV", "name": "PROSHARES TRUST S&P 500 EX HEALTH CARE 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": 90.432, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.449, "architecture_energy": 52.756, "architecture_maturity": 53.909, "architecture_confidence": 71.817, "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": 33.77, "rotation_up": 50.91, "upward_expansion": 78.34, "deceleration": 64.91, "rotation_down": 26.36, "downward_expansion": 7.34 }, "activity_lines": [ 82.7649, 82.2741, 81.625217, 79.971584 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 84.9149, "trend_reference": 78.056052, "distance_from_trend": 0.087871, "trend_direction": "Improving", "fair_value": 63.032143, "distance_from_fair_value": 0.347168, "fair_value_direction": "Weakening", "relative_strength": -0.097913, "relative_strength_direction": "Weakening", "price_momentum": 0.128301, "excess_performance": 0.002677, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087871, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.035578, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.347168, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.013449, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.000979, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.009244, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.128301, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.933149, "read": "Demand-led" } ], "volume": { "latest": 3093, "relative_activity": 0.626576, "balance": 3.933149, "dry_up": 0.548381, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.024433, "annualized_volatility": 0.15195, "from_high_reference": 0.0, "from_low_reference": 0.230339 }, "levels": { "trend_reference": 78.056052, "fair_value_reference": 63.032143, "structural_low": 69.0175, 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62.096422, "relative_strength": -0.075881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.846852, "energy": 50.542728, "activity_lines": [ 81.939913, 81.930712, 80.2256, 78.691636 ] }, { "date": "2026-07-17", "close": 81.6216, "volume": 3760, "typical_volume": 5839.0, "trend": 77.301353, "fair_value": 62.324271, "relative_strength": -0.137342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.958325, "energy": 39.84331, "activity_lines": [ 81.874442, 81.876625, 80.560997, 78.986573 ] }, { "date": "2026-07-24", "close": 80.8698, "volume": 1673, "typical_volume": 5789.4, "trend": 77.490173, "fair_value": 62.543942, "relative_strength": -0.461511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.792727, "energy": 37.743551, "activity_lines": [ 81.551287, 81.683852, 80.790642, 79.216795 ] }, { "date": "2026-07-31", "close": 82.0213, "volume": 2302, "typical_volume": 5366.35, "trend": 77.746809, "fair_value": 62.777645, "relative_strength": -0.128265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.446508, "energy": 40.481158, "activity_lines": [ 81.731893, 81.714287, 81.093664, 79.509126 ] }, { "date": "2026-08-07", "close": 84.9149, "volume": 3093, "typical_volume": 4936.35, "trend": 78.056052, "fair_value": 63.032143, "relative_strength": -0.097913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.448568, "energy": 52.755762, "activity_lines": [ 82.7649, 82.2741, 81.625217, 79.971584 ] } ], "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." } } }