{
  "ticker": {
    "uuid": "636b1beb-27d1-4bc5-9fd7-6c749f31311a",
    "symbol": "SPYL",
    "name": "State Street SPDR S&P 500 UCITS ETF USD Acc",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.898,
    "architecture_energy": 58.617,
    "architecture_maturity": 59.208,
    "architecture_confidence": 72.928,
    "architecture_tenure": "Established",
    "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": 32.22,
        "rotation_up": 52.74,
        "upward_expansion": 79.72,
        "deceleration": 67.12,
        "rotation_down": 27.22,
        "downward_expansion": 8.72
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.30446,
    "fair_value_direction": "Improving",
    "relative_strength": 3.299091,
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        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
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        "read": "Premium"
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        "label": "Fair Value direction",
        "positive": true,
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        "read": "Closing upward"
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        "label": "Relative Strength vs benchmark",
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        "read": "Leading"
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        "label": "Relative strength direction",
        "positive": false,
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      {
        "label": "Price momentum",
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        "read": "Positive"
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        "label": "Volume balance",
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 18.384001,
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        "typical_volume": 4530353.7,
        "trend": 17.5728,
        "fair_value": 14.67384,
        "relative_strength": -0.649699,
        "stage": 2,
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        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 19.181999,
        "volume": 5108879,
        "typical_volume": 4575778.45,
        "trend": 17.642267,
        "fair_value": 14.704931,
        "relative_strength": 3.299091,
        "stage": 2,
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        "modifier": "Established expansion",
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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."
    }
  }
}