{ "ticker": { "uuid": "35bc98ee-7d7e-4cf3-a1c3-981bb75eefbf", "symbol": "SPTI", "name": "STATE STREET SPDR PORTFOLIO INTERMEDIATE TERM TREASURY 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 57.001, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -57.72, "architecture_energy": 53.383, "architecture_maturity": 22.551, "architecture_confidence": 88.389, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 26.19, "rotation_up": 14.79, "upward_expansion": 10.84, "deceleration": 40.18, "rotation_down": 62.82, "downward_expansion": 86.51 }, "activity_lines": [ 28.056862, 28.112343, 28.167727, 28.233716 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 28.12, "trend_reference": 28.315071, "distance_from_trend": -0.006889, "trend_direction": "Weakening", "fair_value": 26.972272, "distance_from_fair_value": 0.042552, "fair_value_direction": "Weakening", "relative_strength": -11.519907, "relative_strength_direction": "Weakening", "price_momentum": -0.01191, "excess_performance": -0.137535, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.006889, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.002545, "read": "Falling" 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"relative_strength": -8.580284, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.957205, "energy": 52.756956, "activity_lines": [ 28.101629, 28.151712, 28.203832, 28.269467 ] }, { "date": "2026-07-31", "close": 27.986424, "volume": 11380263, "typical_volume": 12299743.7, "trend": 28.323947, "fair_value": 26.953078, "relative_strength": -9.176547, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.523067, "energy": 61.509918, "activity_lines": [ 28.043566, 28.118969, 28.178404, 28.246874 ] }, { "date": "2026-08-07", "close": 28.12, "volume": 8994593, "typical_volume": 11692746.0, "trend": 28.315071, "fair_value": 26.972272, "relative_strength": -11.519907, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.719903, "energy": 53.383316, "activity_lines": [ 28.056862, 28.112343, 28.167727, 28.233716 ] } ], "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." } } }