{
  "ticker": {
    "uuid": "5837e89f-0d26-4924-9a6a-79ed699cb882",
    "symbol": "XRMI",
    "name": "GLOBAL X FDS S&P 500 RISK MANAGED INCOME 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 82.431,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 76.977,
    "architecture_energy": 71.588,
    "architecture_maturity": 3.802,
    "architecture_confidence": 68.216,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 26.22,
        "rotation_up": 76.14,
        "upward_expansion": 93.05,
        "deceleration": 39.61,
        "rotation_down": 11.61,
        "downward_expansion": 15.05
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      "activity_lines": [
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        17.028639
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 17.39,
    "trend_reference": 17.007021,
    "distance_from_trend": 0.022519,
    "trend_direction": "Improving",
    "fair_value": 15.67749,
    "distance_from_fair_value": 0.109234,
    "fair_value_direction": "Improving",
    "relative_strength": -7.805528,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.013562,
    "excess_performance": -0.112063,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.022519,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.005871,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.109234,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.010734,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.078055,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.008279,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.013562,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.691014,
        "read": "Demand-led"
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    ],
    "volume": {
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      "relative_activity": 1.926257,
      "balance": 1.691014,
      "dry_up": 1.0128,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.011946,
      "annualized_volatility": 0.061191,
      "from_high_reference": -0.000575,
      "from_low_reference": 0.09056
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    "levels": {
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      "fair_value_reference": 15.67749,
      "structural_low": 16.376939,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 26,
        "median_return": 0.008466,
        "positive_rate": 0.730769,
        "directional_follow_through": 0.730769,
        "median_excess_return": -0.004033,
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        "worst_return": -0.035642,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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        "relative_strength": -6.320348,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -14.822869,
        "energy": 26.789029,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 16.789853,
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        "typical_volume": 95190.9,
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        "regime": "rotation_down",
        "modifier": "Supply rotation",
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        "energy": 5.573337,
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        ]
      },
      {
        "date": "2026-05-01",
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        "typical_volume": 95111.9,
        "trend": 16.833142,
        "fair_value": 15.421736,
        "relative_strength": -7.288202,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 9.901366,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 96425.9,
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        "relative_strength": -8.633425,
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        "regime": "balance",
        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-05-15",
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        "relative_strength": -8.654269,
        "stage": 3,
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        "gate": "mixed",
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        "energy": 11.745895,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 96310.15,
        "trend": 16.889959,
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        "relative_strength": -8.765647,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.753611,
        "energy": 16.464162,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 85481.9,
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        "relative_strength": -9.428682,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.654138,
        "energy": 24.135315,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 81576.5,
        "trend": 16.922301,
        "fair_value": 15.513684,
        "relative_strength": -7.396295,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.957351,
        "energy": 21.648216,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 17.071111,
        "volume": 47857,
        "typical_volume": 79671.35,
        "trend": 16.937924,
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        "relative_strength": -7.137428,
        "stage": 3,
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.632158,
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      },
      {
        "date": "2026-06-19",
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        "modifier": "Balance after decline",
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        "direction": 15.246482,
        "energy": 24.626686,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -3.866186,
        "energy": 5.834038,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 17.052782,
        "volume": 47833,
        "typical_volume": 75992.6,
        "trend": 16.963543,
        "fair_value": 15.585356,
        "relative_strength": -7.133505,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 6.21635,
        "energy": 7.730568,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 32434,
        "typical_volume": 73231.15,
        "trend": 16.974686,
        "fair_value": 15.603551,
        "relative_strength": -7.386596,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 27.314479,
        "energy": 22.154464,
        "activity_lines": [
          17.061905,
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      },
      {
        "date": "2026-07-17",
        "close": 17.191086,
        "volume": 25119,
        "typical_volume": 71173.65,
        "trend": 16.983771,
        "fair_value": 15.621676,
        "relative_strength": -5.776547,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.284962,
        "energy": 36.7861,
        "activity_lines": [
          17.112081,
          17.068344,
          16.986257,
          16.976015
        ]
      },
      {
        "date": "2026-07-24",
        "close": 17.1546,
        "volume": 31209,
        "typical_volume": 69675.2,
        "trend": 16.98859,
        "fair_value": 15.638968,
        "relative_strength": -5.255132,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.489372,
        "energy": 47.779095,
        "activity_lines": [
          17.142096,
          17.089096,
          17.00906,
          16.987036
        ]
      },
      {
        "date": "2026-07-31",
        "close": 17.24,
        "volume": 42140,
        "typical_volume": 69013.75,
        "trend": 16.996572,
        "fair_value": 15.657668,
        "relative_strength": -5.613426,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 64.804117,
        "energy": 63.974658,
        "activity_lines": [
          17.189154,
          17.121539,
          17.039819,
          17.003256
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.39,
        "volume": 89261,
        "typical_volume": 46339.1,
        "trend": 17.007021,
        "fair_value": 15.67749,
        "relative_strength": -7.805528,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.976512,
        "energy": 71.588114,
        "activity_lines": [
          17.263494,
          17.177132,
          17.083307,
          17.028639
        ]
      }
    ],
    "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."
    }
  }
}