{
  "ticker": {
    "uuid": "63253a6f-38ac-49f5-8773-1d66065c847d",
    "symbol": "UUP",
    "name": "INVESCO DB US DLR INDEX TR BULLISH FD 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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 79.722,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 47.553,
    "architecture_energy": 38.089,
    "architecture_maturity": 69.601,
    "architecture_confidence": 43.089,
    "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": 25.22,
        "rotation_up": 40.81,
        "upward_expansion": 67.52,
        "deceleration": 65.3,
        "rotation_down": 26.4,
        "downward_expansion": 17.52
      },
      "activity_lines": [
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        27.931699
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 28.07,
    "trend_reference": 27.692333,
    "distance_from_trend": 0.013638,
    "trend_direction": "Improving",
    "fair_value": 26.827386,
    "distance_from_fair_value": 0.046319,
    "fair_value_direction": "Improving",
    "relative_strength": -8.629628,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.039245,
    "excess_performance": -0.08638,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.013638,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.013122,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.046319,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.015866,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.086296,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.012971,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.039245,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.858969,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 10127821,
      "relative_activity": 0.908356,
      "balance": 0.858969,
      "dry_up": 0.931291,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.009882,
      "annualized_volatility": 0.060561,
      "from_high_reference": -0.018531,
      "from_low_reference": 0.07488
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    "levels": {
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      "fair_value_reference": 26.827386,
      "structural_low": 26.73,
      "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": 40,
        "median_return": 0.000522,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "sufficient": true
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        "horizon": "Intermediate",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 12106088.35,
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        "relative_strength": -3.182617,
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      },
      {
        "date": "2026-07-31",
        "close": 28.17,
        "volume": 12474162,
        "typical_volume": 11863845.0,
        "trend": 27.667667,
        "fair_value": 26.80673,
        "relative_strength": -5.349318,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.224548,
        "energy": 52.710906,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 28.07,
        "volume": 10127821,
        "typical_volume": 11149617.35,
        "trend": 27.692333,
        "fair_value": 26.827386,
        "relative_strength": -8.629628,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.553252,
        "energy": 38.088566,
        "activity_lines": [
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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."
    }
  }
}