{
  "ticker": {
    "uuid": "4935a85e-5193-4786-8650-f35910d1b828",
    "symbol": "SPUS",
    "name": "TIDAL ETF TRUST SP FDS S&P 500 SHARIA IND EXCLUSIONS 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": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 71.853,
    "architecture_energy": 44.228,
    "architecture_maturity": 39.936,
    "architecture_confidence": 60.381,
    "architecture_tenure": "Developing",
    "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": 32.67,
        "rotation_up": 43.35,
        "upward_expansion": 74.44,
        "deceleration": 70.31,
        "rotation_down": 26.79,
        "downward_expansion": 5.78
      },
      "activity_lines": [
        57.365494,
        57.072054,
        56.562794,
        55.214823
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 59.16,
    "trend_reference": 53.656134,
    "distance_from_trend": 0.102577,
    "trend_direction": "Improving",
    "fair_value": 42.877446,
    "distance_from_fair_value": 0.379746,
    "fair_value_direction": "Weakening",
    "relative_strength": 1.768905,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.153922,
    "excess_performance": 0.028297,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.102577,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.039451,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.379746,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000638,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.017689,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.012775,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.153922,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.696907,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4192679,
      "relative_activity": 1.664939,
      "balance": 2.696907,
      "dry_up": 0.992294,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.03433,
      "annualized_volatility": 0.171144,
      "from_high_reference": -0.005588,
      "from_low_reference": 0.293615
    },
    "levels": {
      "trend_reference": 53.656134,
      "fair_value_reference": 42.877446,
      "structural_low": 46.387766,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.050217,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": 0.000106,
        "regime_survival": 0.444444,
        "best_return": 0.102016,
        "worst_return": -0.022219,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.096734,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.002118,
        "regime_survival": 0.0,
        "best_return": 0.16565,
        "worst_return": 0.039836,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.154852,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.008495,
        "regime_survival": 0.25,
        "best_return": 0.165559,
        "worst_return": 0.041171,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.05471,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.004243,
        "regime_survival": 0.0,
        "best_return": 0.355496,
        "worst_return": -0.154643,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.041802,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.002434,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.078241,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-02-21",
        "tenure": "Established",
        "return": 0.043268,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.05603,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.115632,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.10538,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.018642,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.06677,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2026-02-27",
        "tenure": "Extended",
        "return": 0.104569,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-06",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.03157,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.143974,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-07-03",
        "tenure": "Developing",
        "return": 0.04779,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.024359,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 254784.3,
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        "date": "2026-04-17",
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      },
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      },
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      },
      {
        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 2.276054,
        "stage": 2,
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        "direction": 58.5753,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": 1.534928,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 42.229469,
        "relative_strength": 2.047164,
        "stage": 2,
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        "direction": 56.132611,
        "energy": 42.841077,
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      },
      {
        "date": "2026-07-17",
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        "volume": 1659255,
        "typical_volume": 2790580.3,
        "trend": 53.069907,
        "fair_value": 42.386178,
        "relative_strength": 1.182307,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.063047,
        "energy": 34.90073,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 56.253877,
        "volume": 1738401,
        "typical_volume": 2630767.6,
        "trend": 53.224311,
        "fair_value": 42.538434,
        "relative_strength": 1.393183,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.002769,
        "energy": 33.535803,
        "activity_lines": [
          56.618375,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 56.33,
        "volume": 2404917,
        "typical_volume": 2512190.65,
        "trend": 53.398875,
        "fair_value": 42.697896,
        "relative_strength": 0.37628,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.447317,
        "energy": 29.352134,
        "activity_lines": [
          56.538465,
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          56.135803,
          54.843138
        ]
      },
      {
        "date": "2026-08-07",
        "close": 59.16,
        "volume": 4192679,
        "typical_volume": 2518217.95,
        "trend": 53.656134,
        "fair_value": 42.877446,
        "relative_strength": 1.768905,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 71.852734,
        "energy": 44.227687,
        "activity_lines": [
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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."
    }
  }
}