{
  "ticker": {
    "uuid": "57e1be74-aa9f-4fad-a6e6-e174e34ea5ae",
    "symbol": "XTWY",
    "name": "BONDBLOXX ETF TRUST BLOOMBERG TWENTY YR TRGT DURTN US TRSRY",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 72.798,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -67.94,
    "architecture_energy": 75.727,
    "architecture_maturity": 41.302,
    "architecture_confidence": 75.878,
    "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": 13.89,
        "rotation_up": 8.64,
        "upward_expansion": 17.01,
        "deceleration": 37.04,
        "rotation_down": 79.92,
        "downward_expansion": 95.01
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
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    "trend_direction": "Weakening",
    "fair_value": 37.356963,
    "distance_from_fair_value": -0.049808,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.296414,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.049786,
    "excess_performance": -0.175411,
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.041269,
        "read": "Below"
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        "label": "Trend direction",
        "positive": false,
        "value": -0.00967,
        "read": "Falling"
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      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.049808,
        "read": "Below anchor"
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        "label": "Fair Value direction",
        "positive": false,
        "value": -0.031468,
        "read": "Moving away"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.152964,
        "read": "Lagging"
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      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.037029,
        "read": "Weakening"
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      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.049786,
        "read": "Negative"
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        "label": "Volume balance",
        "positive": true,
        "value": 2.839429,
        "read": "Demand-led"
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      "dry_up": 1.012906,
      "accumulation_observations": 2,
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      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.388683,
        "energy": 53.892456,
        "activity_lines": [
          36.517699,
          36.669724,
          36.98195,
          37.145811
        ]
      },
      {
        "date": "2026-06-12",
        "close": 37.002443,
        "volume": 157642,
        "typical_volume": 210926.9,
        "trend": 37.3149,
        "fair_value": 37.540543,
        "relative_strength": -10.255753,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.140559,
        "energy": 27.739205,
        "activity_lines": [
          36.689205,
          36.698184,
          36.958696,
          37.124043
        ]
      },
      {
        "date": "2026-06-19",
        "close": 37.598036,
        "volume": 80633,
        "typical_volume": 211498.7,
        "trend": 37.301963,
        "fair_value": 37.516239,
        "relative_strength": -9.313718,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -13.931601,
        "energy": 14.837287,
        "activity_lines": [
          37.057816,
          36.841262,
          36.994521,
          37.14231
        ]
      },
      {
        "date": "2026-06-26",
        "close": 37.884877,
        "volume": 100474,
        "typical_volume": 212843.2,
        "trend": 37.285067,
        "fair_value": 37.494807,
        "relative_strength": -6.14323,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 15.607206,
        "energy": 22.39439,
        "activity_lines": [
          37.397567,
          37.029464,
          37.055272,
          37.179917
        ]
      },
      {
        "date": "2026-07-03",
        "close": 36.937952,
        "volume": 233850,
        "typical_volume": 217755.2,
        "trend": 37.266624,
        "fair_value": 37.477417,
        "relative_strength": -10.141856,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 6.133412,
        "energy": 17.010444,
        "activity_lines": [
          37.315992,
          37.037746,
          37.023322,
          37.157523
        ]
      },
      {
        "date": "2026-07-10",
        "close": 36.310305,
        "volume": 136194,
        "typical_volume": 221022.55,
        "trend": 37.240917,
        "fair_value": 37.449812,
        "relative_strength": -12.560357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.133283,
        "energy": 21.989274,
        "activity_lines": [
          37.010432,
          36.938,
          36.939077,
          37.095825
        ]
      },
      {
        "date": "2026-07-17",
        "close": 36.325937,
        "volume": 228467,
        "typical_volume": 230108.2,
        "trend": 37.210843,
        "fair_value": 37.42104,
        "relative_strength": -10.894885,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.948239,
        "energy": 28.44143,
        "activity_lines": [
          36.736837,
          36.848657,
          36.866047,
          37.036794
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.708545,
        "volume": 118899,
        "typical_volume": 219846.55,
        "trend": 37.155086,
        "fair_value": 37.394012,
        "relative_strength": -11.61897,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.211016,
        "energy": 59.2378,
        "activity_lines": [
          36.302545,
          36.658973,
          36.747224,
          36.939871
        ]
      },
      {
        "date": "2026-07-31",
        "close": 35.086076,
        "volume": 163964,
        "typical_volume": 212908.75,
        "trend": 37.089505,
        "fair_value": 37.372429,
        "relative_strength": -13.707483,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.243601,
        "energy": 77.559942,
        "activity_lines": [
          35.786729,
          36.356518,
          36.580333,
          36.806387
        ]
      },
      {
        "date": "2026-08-07",
        "close": 35.4963,
        "volume": 420378,
        "typical_volume": 229959.1,
        "trend": 37.024249,
        "fair_value": 37.356963,
        "relative_strength": -15.296414,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.939688,
        "energy": 75.72749,
        "activity_lines": [
          35.594241,
          36.150715,
          36.462058,
          36.703599
        ]
      }
    ],
    "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."
    }
  }
}