{
  "ticker": {
    "uuid": "6485b882-8731-4be7-9a9f-1573950ef558",
    "symbol": "XSXG",
    "name": "Xtrackers S&P 500 Swap UCITS ETF 1D",
    "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": 81.32,
    "architecture_energy": 55.864,
    "architecture_maturity": 81.062,
    "architecture_confidence": 64.736,
    "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": 26.65,
        "rotation_up": 48.38,
        "upward_expansion": 79.87,
        "deceleration": 71.46,
        "rotation_down": 29.24,
        "downward_expansion": 8.87
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "latest_close": 12.629,
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    "distance_from_trend": 0.082719,
    "trend_direction": "Improving",
    "fair_value": 9.825993,
    "distance_from_fair_value": 0.285265,
    "fair_value_direction": "Improving",
    "relative_strength": 2.029817,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.141293,
    "excess_performance": 0.090058,
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082719,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034064,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.285265,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.022662,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.020298,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.015444,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.141293,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.33447,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "balance": 1.33447,
      "dry_up": 1.535144,
      "accumulation_observations": 4,
      "distribution_observations": 2
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      "annualized_volatility": 0.122542,
      "from_high_reference": -0.146442,
      "from_low_reference": 0.230716
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    "levels": {
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      "fair_value_reference": 9.825993,
      "structural_low": 10.559693,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 66.183526,
        "energy": 87.423344,
        "activity_lines": [
          11.889882,
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      },
      {
        "date": "2026-05-22",
        "close": 12.227,
        "volume": 53442,
        "typical_volume": 160479.95,
        "trend": 11.246667,
        "fair_value": 9.476681,
        "relative_strength": 3.871292,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 86.216297,
        "energy": 94.653885,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 158217.45,
        "trend": 11.279911,
        "fair_value": 9.509356,
        "relative_strength": 5.237713,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.315468,
        "energy": 94.092182,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 12.289,
        "volume": 2427,
        "typical_volume": 150962.5,
        "trend": 11.322815,
        "fair_value": 9.541821,
        "relative_strength": 5.027753,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.203344,
        "energy": 90.134731,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 54052,
        "typical_volume": 132950.35,
        "trend": 11.355528,
        "fair_value": 9.573135,
        "relative_strength": 2.937084,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 129124.4,
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        "fair_value": 9.60649,
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        "stage": 2,
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        "energy": 81.220308,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 12.249,
        "volume": 29845,
        "typical_volume": 120853.8,
        "trend": 11.43784,
        "fair_value": 9.637617,
        "relative_strength": 2.879667,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 65.862404,
        "energy": 65.151474,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-03",
        "close": 12.335,
        "volume": 33742,
        "typical_volume": 116643.7,
        "trend": 11.473852,
        "fair_value": 9.67007,
        "relative_strength": 1.892632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.690384,
        "energy": 65.434527,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 12.363,
        "volume": 168184,
        "typical_volume": 109974.55,
        "trend": 11.514347,
        "fair_value": 9.702628,
        "relative_strength": 3.799746,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.519389,
        "energy": 65.750217,
        "activity_lines": [
          12.3302,
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          12.002158,
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      },
      {
        "date": "2026-07-17",
        "close": 12.206,
        "volume": 280318,
        "typical_volume": 114934.0,
        "trend": 11.549543,
        "fair_value": 9.732848,
        "relative_strength": 1.45034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.626424,
        "energy": 60.229822,
        "activity_lines": [
          12.294667,
          12.293221,
          12.050465,
          11.812458
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.263,
        "volume": 45349,
        "typical_volume": 110732.75,
        "trend": 11.586208,
        "fair_value": 9.76307,
        "relative_strength": 0.615842,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.438796,
        "energy": 54.727003,
        "activity_lines": [
          12.276467,
          12.289164,
          12.099221,
          11.858487
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.114,
        "volume": 198031,
        "typical_volume": 107691.15,
        "trend": 11.620759,
        "fair_value": 9.792637,
        "relative_strength": -1.791114,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.908317,
        "energy": 42.030668,
        "activity_lines": [
          12.220067,
          12.257345,
          12.128712,
          11.892538
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.629,
        "volume": 164506,
        "typical_volume": 112074.85,
        "trend": 11.664149,
        "fair_value": 9.825993,
        "relative_strength": 2.029817,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.320494,
        "energy": 55.864267,
        "activity_lines": [
          12.344333,
          12.321218,
          12.201935,
          11.957586
        ]
      }
    ],
    "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."
    }
  }
}