{
  "ticker": {
    "uuid": "401dc525-7dfb-423f-881f-4bfbe78355d9",
    "symbol": "EDV",
    "name": "VANGUARD WORLD FUND EXTENDED DURATION TREAS 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.655,
    "architecture_energy": 74.637,
    "architecture_maturity": 8.264,
    "architecture_confidence": 82.759,
    "architecture_tenure": "New",
    "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": 9.68,
        "rotation_up": 8.82,
        "upward_expansion": 16.81,
        "deceleration": 37.07,
        "rotation_down": 76.54,
        "downward_expansion": 92.47
      },
      "activity_lines": [
        60.589333,
        61.751554,
        62.367948,
        62.950006
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 60.35,
    "trend_reference": 63.747588,
    "distance_from_trend": -0.053298,
    "trend_direction": "Weakening",
    "fair_value": 65.811999,
    "distance_from_fair_value": -0.082994,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.869298,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.068498,
    "excess_performance": -0.194123,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.053298,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.015397,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.082994,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.029052,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.168693,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.037755,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.068498,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.7354,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6384993,
      "relative_activity": 1.160859,
      "balance": 0.7354,
      "dry_up": 1.203846,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.030369,
      "annualized_volatility": 0.144729,
      "from_high_reference": -0.133009,
      "from_low_reference": 0.021151
    },
    "levels": {
      "trend_reference": 63.747588,
      "fair_value_reference": 65.811999,
      "structural_low": 59.1,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 30,
        "median_return": -0.007732,
        "positive_rate": 0.4,
        "directional_follow_through": 0.566667,
        "median_excess_return": -0.014631,
        "regime_survival": 0.766667,
        "best_return": 0.134565,
        "worst_return": -0.130892,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": 0.004954,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.454545,
        "median_excess_return": -0.081122,
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        "best_return": 0.197786,
        "worst_return": -0.237258,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.04418,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.109706,
        "regime_survival": 0.5,
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        "worst_return": -0.204985,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.0,
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        "sufficient": false
      }
    ],
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        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.061818,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-05-09",
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        "return": -0.052025,
        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-02",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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        "active": false
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      },
      {
        "date": "2026-04-17",
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      },
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      },
      {
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      },
      {
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        "stage": 4,
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        "energy": 26.141728,
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      },
      {
        "date": "2026-07-24",
        "close": 60.88,
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        "typical_volume": 5673698.1,
        "trend": 64.059933,
        "fair_value": 65.929764,
        "relative_strength": -13.087417,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -67.09734,
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      },
      {
        "date": "2026-07-31",
        "close": 59.46,
        "volume": 7564592,
        "typical_volume": 5727913.35,
        "trend": 63.906056,
        "fair_value": 65.864407,
        "relative_strength": -15.612705,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.74981,
        "energy": 76.0637,
        "activity_lines": [
          61.023333,
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      },
      {
        "date": "2026-08-07",
        "close": 60.35,
        "volume": 6384993,
        "typical_volume": 5500231.8,
        "trend": 63.747588,
        "fair_value": 65.811999,
        "relative_strength": -16.869298,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.655459,
        "energy": 74.636895,
        "activity_lines": [
          60.589333,
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      }
    ],
    "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."
    }
  }
}