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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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 44.962, "architecture_energy": 20.346, "architecture_maturity": 34.131, "architecture_confidence": 71.991, "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": 35.81, "rotation_up": 34.3, "upward_expansion": 57.82, "deceleration": 82.56, "rotation_down": 31.08, "downward_expansion": 21.49 }, "activity_lines": [ 78.289447, 78.356092, 78.301701, 78.098968 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 78.8412, "trend_reference": 78.006638, "distance_from_trend": 0.010699, "trend_direction": "Improving", "fair_value": 70.028635, "distance_from_fair_value": 0.125842, "fair_value_direction": "Weakening", "relative_strength": -9.347665, "relative_strength_direction": "Weakening", "price_momentum": 0.003406, "excess_performance": -0.122219, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.010699, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004988, "read": "Rising" 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"upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.642334, "energy": 43.405624, "activity_lines": [ 78.591839, 78.477252, 78.230023, 78.078046 ] }, { "date": "2026-07-24", "close": 77.5172, "volume": 179896, "typical_volume": 91808.6, "trend": 77.990139, "fair_value": 69.759831, "relative_strength": -7.254415, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.968378, "energy": 12.042092, "activity_lines": [ 78.2377, 78.333351, 78.202947, 78.046911 ] }, { "date": "2026-07-31", "close": 77.95, "volume": 2454, "typical_volume": 90362.3, "trend": 77.994177, "fair_value": 69.891837, "relative_strength": -7.487453, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.57097, "energy": 14.258574, "activity_lines": [ 78.100827, 78.263661, 78.214653, 78.044321 ] }, { "date": "2026-08-07", "close": 78.8412, "volume": 127583, "typical_volume": 96699.0, "trend": 78.006638, "fair_value": 70.028635, "relative_strength": -9.347665, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.962193, "energy": 20.346491, "activity_lines": [ 78.289447, 78.356092, 78.301701, 78.098968 ] } ], "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." } } }