{ "ticker": { "uuid": "5110e3de-5eed-4d60-9ed9-3e11cc5295c5", "symbol": "SPXS", "name": "DIREXION DAILY S&P 500 BEAR 3X 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -79.851, "architecture_energy": 57.215, "architecture_maturity": 66.985, "architecture_confidence": 96, "architecture_tenure": "Established", "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": 19.51, "rotation_up": 27.47, "upward_expansion": 8.64, "deceleration": 53.01, "rotation_down": 54.26, "downward_expansion": 81.97 }, "activity_lines": [ 25.880667, 26.376261, 27.220337, 29.215444 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 23.96, "trend_reference": 31.404988, "distance_from_trend": -0.237064, "trend_direction": "Weakening", "fair_value": 64.742497, "distance_from_fair_value": -0.629919, "fair_value_direction": "Weakening", "relative_strength": -37.544188, "relative_strength_direction": "Improving", "price_momentum": -0.296078, "excess_performance": -0.421703, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.237064, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.084909, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.629919, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.006062, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.375442, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.005624, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.296078, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.39379, "read": "Supply-led" } ], "volume": { "latest": 58444694, "relative_activity": 0.899536, "balance": 0.39379, "dry_up": 0.849487, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.087875, "annualized_volatility": 0.429501, "from_high_reference": -0.465536, "from_low_reference": 0.016538 }, "levels": { "trend_reference": 31.404988, "fair_value_reference": 64.742497, 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contraction", "gate": "down", "direction": -59.210557, "energy": 49.985358, "activity_lines": [ 26.959333, 26.974125, 28.19541, 30.066552 ] }, { "date": "2026-07-31", "close": 26.57, "volume": 66007534, "typical_volume": 66768281.4, "trend": 31.720773, "fair_value": 65.388323, "relative_strength": -29.301113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.80873, "energy": 47.414018, "activity_lines": [ 26.79, 26.910646, 27.80294, 29.716139 ] }, { "date": "2026-08-07", "close": 23.96, "volume": 58444694, "typical_volume": 64972059.55, "trend": 31.404988, "fair_value": 64.742497, "relative_strength": -37.544188, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.851478, "energy": 57.214703, "activity_lines": [ 25.880667, 26.376261, 27.220337, 29.215444 ] } ], "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." } } }