{
  "ticker": {
    "uuid": "5bafe59a-da5c-4d46-978e-c6462ef3cf29",
    "symbol": "GLDD",
    "name": "BetaPro Gold Bullion -2x Daily Bear ETF",
    "exchange": "TOR",
    "country": "CA",
    "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": "^GSPTSE",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 69.653,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 45.755,
    "architecture_energy": 40.571,
    "architecture_maturity": 57.852,
    "architecture_confidence": 54.389,
    "architecture_tenure": "Developing",
    "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": 26.97,
        "rotation_up": 45.18,
        "upward_expansion": 70.5,
        "deceleration": 62.45,
        "rotation_down": 28.56,
        "downward_expansion": 20.5
      },
      "activity_lines": [
        9.176,
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        8.791238,
        8.378387
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 8.3,
    "trend_reference": 7.910333,
    "distance_from_trend": 0.04926,
    "trend_direction": "Weakening",
    "fair_value": 23.420064,
    "distance_from_fair_value": -0.645603,
    "fair_value_direction": "Improving",
    "relative_strength": -23.654852,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.199422,
    "excess_performance": 0.079001,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.04926,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.029804,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.645603,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.079396,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.236549,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.217117,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.199422,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.538597,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 126100,
      "relative_activity": 0.466769,
      "balance": 3.538597,
      "dry_up": 0.775573,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.075255,
      "annualized_volatility": 0.48147,
      "from_high_reference": -0.501502,
      "from_low_reference": 0.440972
    },
    "levels": {
      "trend_reference": 7.910333,
      "fair_value_reference": 23.420064,
      "structural_low": 5.86,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.03115,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.064457,
        "regime_survival": 0.625,
        "best_return": 0.105356,
        "worst_return": -0.149325,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.061457,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.07425,
        "regime_survival": 0.333333,
        "best_return": 0.155118,
        "worst_return": -0.267212,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
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        "directional_follow_through": 0.0,
        "median_excess_return": -0.238506,
        "regime_survival": 0.0,
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.256451,
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        "worst_return": -0.361721,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "regime": "rotation_up",
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      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
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      {
        "regime": "downward_expansion",
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        "regime": "balance",
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        "close": 7.26,
        "volume": 279400,
        "typical_volume": 406835.0,
        "trend": 8.736,
        "fair_value": 26.707244,
        "relative_strength": -47.25322,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.243906,
        "energy": 28.586605,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 408315.0,
        "trend": 8.582667,
        "fair_value": 26.501154,
        "relative_strength": -43.703811,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -38.581505,
        "energy": 27.555123,
        "activity_lines": [
          7.28,
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          7.255714,
          7.764086
        ]
      },
      {
        "date": "2026-05-08",
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        "volume": 344700,
        "typical_volume": 420200.0,
        "trend": 8.442667,
        "fair_value": 26.290833,
        "relative_strength": -45.366525,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -36.85845,
        "energy": 25.500766,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "volume": 209900,
        "typical_volume": 421270.0,
        "trend": 8.361667,
        "fair_value": 26.073974,
        "relative_strength": -39.489435,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -14.789973,
        "energy": 10.325265,
        "activity_lines": [
          7.457333,
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        ]
      },
      {
        "date": "2026-05-22",
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        "typical_volume": 427635.0,
        "trend": 8.269667,
        "fair_value": 25.849487,
        "relative_strength": -38.390282,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -2.21155,
        "energy": 10.867252,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 428470.0,
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        "fair_value": 25.627051,
        "relative_strength": -38.835327,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -6.017217,
        "energy": 12.459798,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 104100,
        "typical_volume": 422790.0,
        "trend": 8.068,
        "fair_value": 25.410321,
        "relative_strength": -29.701553,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": 18.828058,
        "energy": 32.732374,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 9.03,
        "volume": 161000,
        "typical_volume": 411625.0,
        "trend": 8.011333,
        "fair_value": 25.19359,
        "relative_strength": -26.265037,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 43.587399,
        "energy": 59.326151,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 18200,
        "typical_volume": 341085.0,
        "trend": 7.957,
        "fair_value": 24.972051,
        "relative_strength": -23.176303,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 56.598849,
        "energy": 75.803459,
        "activity_lines": [
          8.772667,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 9.58,
        "volume": 102800,
        "typical_volume": 302250.0,
        "trend": 7.941667,
        "fair_value": 24.747821,
        "relative_strength": -18.725111,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 58.514226,
        "energy": 83.512453,
        "activity_lines": [
          9.13,
          8.594909,
          8.02619,
          7.846258
        ]
      },
      {
        "date": "2026-07-03",
        "close": 9.07,
        "volume": 18900,
        "typical_volume": 288045.0,
        "trend": 7.905,
        "fair_value": 24.522372,
        "relative_strength": -22.08042,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 67.605905,
        "energy": 87.126404,
        "activity_lines": [
          9.205333,
          8.754,
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          7.919054
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      },
      {
        "date": "2026-07-10",
        "close": 9.39,
        "volume": 174600,
        "typical_volume": 282520.0,
        "trend": 7.895,
        "fair_value": 24.306154,
        "relative_strength": -17.890403,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.194038,
        "energy": 87.460873,
        "activity_lines": [
          9.298667,
          8.938364,
          8.328619,
          8.01486
        ]
      },
      {
        "date": "2026-07-17",
        "close": 9.83,
        "volume": 342000,
        "typical_volume": 289475.0,
        "trend": 7.906,
        "fair_value": 24.094295,
        "relative_strength": -12.309228,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.633746,
        "energy": 88.593634,
        "activity_lines": [
          9.488,
          9.169636,
          8.517333,
          8.139699
        ]
      },
      {
        "date": "2026-07-24",
        "close": 9.55,
        "volume": 165300,
        "typical_volume": 283940.0,
        "trend": 7.926667,
        "fair_value": 23.879103,
        "relative_strength": -13.358759,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.737683,
        "energy": 62.87071,
        "activity_lines": [
          9.530667,
          9.302727,
          8.661381,
          8.245763
        ]
      },
      {
        "date": "2026-07-31",
        "close": 9.61,
        "volume": 204700,
        "typical_volume": 281655.0,
        "trend": 7.927667,
        "fair_value": 23.658397,
        "relative_strength": -10.661246,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.503706,
        "energy": 62.664755,
        "activity_lines": [
          9.572667,
          9.414364,
          8.795762,
          8.354366
        ]
      },
      {
        "date": "2026-08-07",
        "close": 8.3,
        "volume": 126100,
        "typical_volume": 270155.0,
        "trend": 7.910333,
        "fair_value": 23.420064,
        "relative_strength": -23.654852,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.755451,
        "energy": 40.570825,
        "activity_lines": [
          9.176,
          9.256727,
          8.791238,
          8.378387
        ]
      }
    ],
    "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."
    }
  }
}