{ "ticker": { "uuid": "65b61d12-1662-488b-8dbe-0143d3a7c79f", "symbol": "KCE", "name": "STATE STREET SPDR S&P CAPITAL MARKETS 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 71.178, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 78.324, "architecture_energy": 77.918, "architecture_maturity": 15.412, "architecture_confidence": 70.589, "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": 17.01, "rotation_up": 78.86, "upward_expansion": 95.04, "deceleration": 39.36, "rotation_down": 11.16, "downward_expansion": 17.04 }, "activity_lines": [ 160.216253, 157.384061, 154.450411, 151.650472 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 163.6239, "trend_reference": 149.749994, "distance_from_trend": 0.092647, "trend_direction": "Improving", "fair_value": 126.375102, "distance_from_fair_value": 0.294748, "fair_value_direction": "Improving", "relative_strength": -2.503205, "relative_strength_direction": "Improving", "price_momentum": 0.092407, "excess_performance": -0.033218, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.092647, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.016982, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.294748, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.02348, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025032, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.047153, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.092407, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.350883, "read": "Demand-led" } ], "volume": { "latest": 44471, "relative_activity": 0.60909, "balance": 1.350883, "dry_up": 0.964027, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.036706, "annualized_volatility": 0.189906, "from_high_reference": -0.01957, "from_low_reference": 0.236717 }, "levels": { "trend_reference": 149.749994, "fair_value_reference": 126.375102, "structural_low": 132.305, 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"stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.828186, "energy": 66.483741, "activity_lines": [ 156.172193, 154.410791, 152.040334, 150.038245 ] }, { "date": "2026-07-31", "close": 160.04, "volume": 62721, "typical_volume": 84070.95, "trend": 149.4909, "fair_value": 125.869033, "relative_strength": -1.531328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.867257, "energy": 72.468648, "activity_lines": [ 158.013907, 155.649485, 153.134376, 150.738666 ] }, { "date": "2026-08-07", "close": 163.6239, "volume": 44471, "typical_volume": 73012.25, "trend": 149.749994, "fair_value": 126.375102, "relative_strength": -2.503205, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.324481, "energy": 77.918032, "activity_lines": [ 160.216253, 157.384061, 154.450411, 151.650472 ] } ], "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." } } }