{
  "ticker": {
    "uuid": "7440fb70-46cd-49a2-b575-ebe742591f27",
    "symbol": "KSM-F111",
    "name": "KSM Mutual Funds Ltd. - KSM ETF (6D) Leveraged S&P 500 x3 Monthly",
    "exchange": "TLV",
    "country": "IL",
    "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": "TA35.TA",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -53.895,
    "architecture_energy": 62.954,
    "architecture_maturity": 95.0,
    "architecture_confidence": 57.431,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 21.8,
        "rotation_up": 27.87,
        "upward_expansion": 22.5,
        "deceleration": 66.91,
        "rotation_down": 47.01,
        "downward_expansion": 67.83
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      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 816.6,
    "trend_reference": 43549.436667,
    "distance_from_trend": -0.981249,
    "trend_direction": "Weakening",
    "fair_value": 48410.596795,
    "distance_from_fair_value": -0.983132,
    "fair_value_direction": "Weakening",
    "relative_strength": -98.634332,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.9873,
    "excess_performance": -1.0162,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.981249,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.33797,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.983132,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -1.420791,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.986343,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.853942,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.9873,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.520708,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 14509,
      "relative_activity": 1.011637,
      "balance": 1.520708,
      "dry_up": 1.056331,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 7.813778,
      "annualized_volatility": 6.375255,
      "from_high_reference": -0.98915,
      "from_low_reference": 0.160768
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    "levels": {
      "trend_reference": 43549.436667,
      "fair_value_reference": 48410.596795,
      "structural_low": 703.5,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.075637,
        "positive_rate": 0.733333,
        "directional_follow_through": 0.266667,
        "median_excess_return": 0.068599,
        "regime_survival": 0.666667,
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        "worst_return": -0.155877,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
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        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
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        "regime_survival": 0.4,
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        "worst_return": -0.986848,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.192176,
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      {
        "horizon": "Full cycle",
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        "worst_return": -0.215854,
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        "regime": "deceleration",
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      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      },
      {
        "regime": "upward_expansion",
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      },
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        "regime": "deceleration",
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        "return": -0.100339,
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-06-06",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_up",
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        "regime": "upward_expansion",
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      {
        "regime": "balance",
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        "regime": "downward_expansion",
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 17099.6,
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        "relative_strength": -98.841922,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -65.912896,
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      },
      {
        "date": "2026-07-31",
        "close": 757.4,
        "volume": 18808,
        "typical_volume": 15308.45,
        "trend": 45805.883333,
        "fair_value": 48612.477564,
        "relative_strength": -98.761241,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.376475,
        "energy": 66.929117,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 816.6,
        "volume": 14509,
        "typical_volume": 14342.1,
        "trend": 43549.436667,
        "fair_value": 48410.596795,
        "relative_strength": -98.634332,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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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."
    }
  }
}