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    "symbol": "SMAX",
    "name": "ISHARES LARGE CAP MAX BUFFER SEP ETF",
    "exchange": "CBOE",
    "country": "US",
    "assetType": "etf"
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  "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.",
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        "typical_volume": 109819.2,
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        "fair_value": 25.956199,
        "relative_strength": -7.466738,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
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        "energy": 91.503606,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
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        "fair_value": 25.976709,
        "relative_strength": -7.752519,
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        "modifier": "Early expansion",
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        "direction": 79.669589,
        "energy": 91.314128,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 115674.85,
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        "modifier": "Early expansion",
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        "energy": 91.129848,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -6.218101,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 81.141912,
        "activity_lines": [
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      },
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        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "stage": 3,
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        "energy": 62.247529,
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -5.915736,
        "stage": 3,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 109707.25,
        "trend": 27.295594,
        "fair_value": 26.11497,
        "relative_strength": -6.604089,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.878144,
        "energy": 86.965892,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-17",
        "close": 27.9298,
        "volume": 53698,
        "typical_volume": 98151.75,
        "trend": 27.32934,
        "fair_value": 26.134277,
        "relative_strength": -5.096419,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.945516,
        "energy": 85.85846,
        "activity_lines": [
          27.899827,
          27.843729,
          27.671783,
          27.512612
        ]
      },
      {
        "date": "2026-07-24",
        "close": 27.92,
        "volume": 12531,
        "typical_volume": 98013.6,
        "trend": 27.359493,
        "fair_value": 26.153074,
        "relative_strength": -4.402579,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.302104,
        "energy": 84.239539,
        "activity_lines": [
          27.915667,
          27.865549,
          27.715115,
          27.550719
        ]
      },
      {
        "date": "2026-07-31",
        "close": 28.02,
        "volume": 23842,
        "typical_volume": 97411.0,
        "trend": 27.395113,
        "fair_value": 26.172521,
        "relative_strength": -4.883064,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.290321,
        "energy": 84.763839,
        "activity_lines": [
          27.95916,
          27.900729,
          27.763635,
          27.593332
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.15,
        "volume": 15130,
        "typical_volume": 88813.55,
        "trend": 27.430947,
        "fair_value": 26.192908,
        "relative_strength": -7.453533,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.375578,
        "energy": 84.245423,
        "activity_lines": [
          28.028307,
          27.954091,
          27.819345,
          27.642034
        ]
      }
    ],
    "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."
    }
  }
}