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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "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": 71.378, "architecture_energy": 52.593, "architecture_maturity": 51.917, "architecture_confidence": 91.844, "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": 22.46, "rotation_up": 56.87, "upward_expansion": 81.88, "deceleration": 52.38, "rotation_down": 20.87, "downward_expansion": 8.54 }, "activity_lines": [ 123.628102, 121.360378, 118.065952, 112.81815 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 129.87, "trend_reference": 106.452507, "distance_from_trend": 0.219981, "trend_direction": "Improving", "fair_value": 82.615583, "distance_from_fair_value": 0.571979, "fair_value_direction": "Improving", "relative_strength": 12.617869, "relative_strength_direction": "Improving", "price_momentum": 0.336929, "excess_performance": 0.211304, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.219981, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.086929, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.571979, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.065374, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.126179, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.067551, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.336929, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.955283, "read": "Supply-led" } ], "volume": { "latest": 1325924, "relative_activity": 0.576687, "balance": 0.955283, "dry_up": 1.279449, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.079389, "annualized_volatility": 0.55086, "from_high_reference": -0.018553, "from_low_reference": 0.57777 }, "levels": { "trend_reference": 106.452507, "fair_value_reference": 82.615583, "structural_low": 82.312366, 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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." } } }