{ "ticker": { "uuid": "48644a94-c652-41a7-a471-a59d79a36f28", "symbol": "SPDW", "name": "STATE STREET SPDR PORTFOLIO DEVELOPED WORLD EX-US 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 88.725, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 68.404, "architecture_energy": 37.32, "architecture_maturity": 24.187, "architecture_confidence": 67.032, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 35.71, "rotation_up": 45.12, "upward_expansion": 74.98, "deceleration": 64.35, "rotation_down": 24.69, "downward_expansion": 3.98 }, "activity_lines": [ 50.380667, 50.217418, 49.823137, 49.196336 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 51.65, "trend_reference": 48.497258, "distance_from_trend": 0.065009, "trend_direction": "Improving", "fair_value": 37.846202, "distance_from_fair_value": 0.364734, "fair_value_direction": "Weakening", "relative_strength": 0.140524, "relative_strength_direction": "Weakening", "price_momentum": 0.07964, "excess_performance": -0.045984, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.065009, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.045841, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.364734, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.008558, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.001405, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.019384, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.07964, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.871982, "read": "Demand-led" } ], "volume": { "latest": 11409332, "relative_activity": 0.643755, "balance": 1.871982, "dry_up": 0.797296, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.031437, "annualized_volatility": 0.197874, "from_high_reference": -0.003857, "from_low_reference": 0.282865 }, "levels": { "trend_reference": 48.497258, "fair_value_reference": 37.846202, "structural_low": 44.0, "invalidation": "A 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"activity_lines": [ 50.159867, 49.921274, 49.036845, 48.487716 ] }, { "date": "2026-07-10", "close": 50.29, "volume": 20610997, "typical_volume": 21575193.15, "trend": 47.795239, "fair_value": 37.344513, "relative_strength": 0.196912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.949241, "energy": 40.785589, "activity_lines": [ 50.257106, 50.040489, 49.219284, 48.662767 ] }, { "date": "2026-07-17", "close": 49.38, "volume": 17032562, "typical_volume": 21375384.55, "trend": 47.974925, "fair_value": 37.463173, "relative_strength": -0.15317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.933939, "energy": 26.150314, "activity_lines": [ 49.941226, 49.95642, 49.310676, 48.76501 ] }, { "date": "2026-07-24", "close": 49.39, "volume": 12796799, "typical_volume": 19857328.05, "trend": 48.134258, "fair_value": 37.580589, "relative_strength": 0.381449, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.025242, "energy": 22.216624, "activity_lines": [ 49.69, 49.880136, 49.405354, 48.856305 ] }, { "date": "2026-07-31", "close": 50.06, "volume": 15283558, "typical_volume": 19088563.45, "trend": 48.305258, "fair_value": 37.708062, "relative_strength": 0.540347, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.423468, "energy": 21.787747, "activity_lines": [ 49.776667, 49.909223, 49.549602, 48.980546 ] }, { "date": "2026-08-07", "close": 51.65, "volume": 11409332, "typical_volume": 17723108.1, "trend": 48.497258, "fair_value": 37.846202, "relative_strength": 0.140524, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.404194, "energy": 37.319584, "activity_lines": [ 50.380667, 50.217418, 49.823137, 49.196336 ] } ], "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." } } }