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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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 86.756, "architecture_energy": 93.759, "architecture_maturity": 30.0, "architecture_confidence": 79.981, "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": 8.34, "rotation_up": 87.0, "upward_expansion": 99.88, "deceleration": 39.03, "rotation_down": 8.72, "downward_expansion": 21.88 }, "activity_lines": [ 528.976, 505.430545, 473.094972, 455.367076 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 552.72, "trend_reference": 441.265158, "distance_from_trend": 0.25258, "trend_direction": "Improving", "fair_value": 518.030042, "distance_from_fair_value": 0.066965, "fair_value_direction": "Improving", "relative_strength": 11.836402, "relative_strength_direction": "Improving", "price_momentum": 0.2377, "excess_performance": 0.112075, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.25258, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040767, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.066965, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.256522, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.118364, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.286714, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.2377, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.911922, "read": "Demand-led" } ], "volume": { "latest": 906607, "relative_activity": 0.846797, "balance": 3.911922, "dry_up": 0.821367, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.053065, "annualized_volatility": 0.333341, "from_high_reference": -0.000506, "from_low_reference": 0.515516 }, "levels": { "trend_reference": 441.265158, "fair_value_reference": 518.030042, "structural_low": 364.707547, 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"relative_strength": 8.436007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.559631, "energy": 90.734699, "activity_lines": [ 500.276, 478.046028, 452.494064, 441.599937 ] }, { "date": "2026-07-31", "close": 532.25, "volume": 1033620, "typical_volume": 1108477.8, "trend": 437.615789, "fair_value": 517.747587, "relative_strength": 11.569071, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.691151, "energy": 92.331331, "activity_lines": [ 513.513333, 490.727273, 462.131488, 447.940998 ] }, { "date": "2026-08-07", "close": 552.72, "volume": 906607, "typical_volume": 1070630.4, "trend": 441.265158, "fair_value": 518.030042, "relative_strength": 11.836402, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.755938, "energy": 93.759259, "activity_lines": [ 528.976, 505.430545, 473.094972, 455.367076 ] } ], "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." } } }