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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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 65.891, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 37.42, "architecture_energy": 20.954, "architecture_maturity": 25.0, "architecture_confidence": 62.729, "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": 44.13, "rotation_up": 42.97, "upward_expansion": 72.21, "deceleration": 60.3, "rotation_down": 21.35, "downward_expansion": 3.54 }, "activity_lines": [ 89.384103, 89.148927, 88.751839, 88.055495 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Stable", "price_acceptance": 0.333333 }, "latest_close": 86.42, "trend_reference": 86.221309, "distance_from_trend": 0.002304, "trend_direction": "Improving", "fair_value": 77.025227, "distance_from_fair_value": 0.12197, "fair_value_direction": "Weakening", "relative_strength": -2.523244, "relative_strength_direction": "Weakening", "price_momentum": 0.06843, "excess_performance": -0.057195, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.002304, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.076718, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.12197, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.028464, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025232, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.016469, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.06843, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.001667, "read": "Demand-led" } ], "volume": { "latest": 23617590, "relative_activity": 1.203114, "balance": 1.001667, "dry_up": 0.985871, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.069367, "annualized_volatility": 0.340527, "from_high_reference": -0.100411, "from_low_reference": 0.385231 }, "levels": { "trend_reference": 86.221309, "fair_value_reference": 77.025227, "structural_low": 78.796213, 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89.560125, 88.95066, 88.009182 ] }, { "date": "2026-08-07", "close": 86.42, "volume": 23617590, "typical_volume": 19630386.3, "trend": 86.221309, "fair_value": 77.025227, "relative_strength": -2.523244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.419893, "energy": 20.954214, "activity_lines": [ 89.384103, 89.148927, 88.751839, 88.055495 ] } ], "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." } } }