{
  "ticker": {
    "uuid": "4de03a5a-192f-48d8-a5da-8ada324dfd0d",
    "symbol": "RDFI",
    "name": "RAREVIEW DYNAMIC FIXED INCOME ETF",
    "exchange": "CBOE",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 80.14,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 11.287,
    "architecture_energy": 5.981,
    "architecture_maturity": 40.861,
    "architecture_confidence": 42.074,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 60.64,
        "rotation_up": 31.57,
        "upward_expansion": 33.6,
        "deceleration": 59.53,
        "rotation_down": 34.63,
        "downward_expansion": 22.26
      },
      "activity_lines": [
        23.303274,
        23.320983,
        23.267646,
        23.236336
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 23.4483,
    "trend_reference": 23.263338,
    "distance_from_trend": 0.007951,
    "trend_direction": "Improving",
    "fair_value": 20.988676,
    "distance_from_fair_value": 0.117188,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.425025,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.012092,
    "excess_performance": -0.137717,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.007951,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.006321,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.117188,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.020138,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.09425,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.008112,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.012092,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.83519,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 105000,
      "relative_activity": 1.519998,
      "balance": 1.83519,
      "dry_up": 1.084739,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.017935,
      "annualized_volatility": 0.095415,
      "from_high_reference": -0.058951,
      "from_low_reference": 0.063809
    },
    "levels": {
      "trend_reference": 23.263338,
      "fair_value_reference": 20.988676,
      "structural_low": 22.041842,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": 0.008148,
        "positive_rate": 0.588235,
        "directional_follow_through": 0.588235,
        "median_excess_return": 0.000159,
        "regime_survival": 0.647059,
        "best_return": 0.057514,
        "worst_return": -0.063005,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.011053,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": -0.035084,
        "regime_survival": 0.375,
        "best_return": 0.06567,
        "worst_return": -0.092256,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.032256,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.01722,
        "regime_survival": 0.25,
        "best_return": 0.056891,
        "worst_return": -0.013349,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.096094,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.089581,
        "regime_survival": 0.0,
        "best_return": 0.206019,
        "worst_return": -0.028954,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2023-12-22",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-04-19",
        "tenure": "Established",
        "return": 0.012529,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "tenure": "New",
        "return": 0.025712,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": 0.019285,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-11",
        "tenure": "Established",
        "return": -0.025192,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.026794,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.023893,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "return": 0.004374,
        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": 0.003043,
        "active": false
      },
      {
        "regime": "deceleration",
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        "active": false
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      {
        "regime": "rotation_down",
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        "return": 0.046753,
        "active": false
      },
      {
        "regime": "balance",
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        "active": true
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      },
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        "fair_value": 20.847579,
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      },
      {
        "date": "2026-07-17",
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        "volume": 68133,
        "typical_volume": 69208.35,
        "trend": 23.242124,
        "fair_value": 20.883534,
        "relative_strength": -6.664214,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.792383,
        "energy": 32.627138,
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          23.426625,
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          23.233944,
          23.237047
        ]
      },
      {
        "date": "2026-07-24",
        "close": 23.109727,
        "volume": 72355,
        "typical_volume": 66656.45,
        "trend": 23.248385,
        "fair_value": 20.916953,
        "relative_strength": -7.115287,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.52431,
        "energy": 12.992128,
        "activity_lines": [
          23.329615,
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          23.232518,
          23.228505
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.175269,
        "volume": 54243,
        "typical_volume": 65223.95,
        "trend": 23.253804,
        "fair_value": 20.952104,
        "relative_strength": -7.601705,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 0.789395,
        "energy": 2.32829,
        "activity_lines": [
          23.263286,
          23.28895,
          23.237518,
          23.223788
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.4483,
        "volume": 105000,
        "typical_volume": 69079.05,
        "trend": 23.263338,
        "fair_value": 20.988676,
        "relative_strength": -9.425025,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.286654,
        "energy": 5.980711,
        "activity_lines": [
          23.303274,
          23.320983,
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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."
    }
  }
}