{
  "ticker": {
    "uuid": "745b4df8-7d4e-45ba-b873-07f967422996",
    "symbol": "FINX",
    "name": "GLOBAL X FINTECH ETF",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 83.698,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 28.048,
    "architecture_energy": 25.357,
    "architecture_maturity": 26.964,
    "architecture_confidence": 41.472,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 48.4,
        "rotation_up": 46.91,
        "upward_expansion": 51.13,
        "deceleration": 30.01,
        "rotation_down": 24.18,
        "downward_expansion": 11.8
      },
      "activity_lines": [
        25.575887,
        25.367055,
        25.194931,
        25.008788
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 26.0236,
    "trend_reference": 25.093803,
    "distance_from_trend": 0.037053,
    "trend_direction": "Weakening",
    "fair_value": 27.358327,
    "distance_from_fair_value": -0.048787,
    "fair_value_direction": "Improving",
    "relative_strength": -19.42101,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.0538,
    "excess_performance": -0.133653,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.037053,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.062766,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.048787,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004045,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.19421,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.09641,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.0538,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.788043,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 206919,
      "relative_activity": 0.580475,
      "balance": 0.788043,
      "dry_up": 1.01798,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.058964,
      "annualized_volatility": 0.328272,
      "from_high_reference": -0.264395,
      "from_low_reference": 0.178605
    },
    "levels": {
      "trend_reference": 25.093803,
      "fair_value_reference": 27.358327,
      "structural_low": 22.08,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.008671,
        "positive_rate": 0.466667,
        "directional_follow_through": 0.466667,
        "median_excess_return": -0.008344,
        "regime_survival": 0.466667,
        "best_return": 0.101568,
        "worst_return": -0.129195,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.014905,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.061317,
        "regime_survival": 0.125,
        "best_return": 0.162597,
        "worst_return": -0.280197,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.001826,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.193784,
        "regime_survival": 0.0,
        "best_return": 0.197707,
        "worst_return": -0.262901,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.117879,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.297307,
        "regime_survival": 0.0,
        "best_return": 0.318412,
        "worst_return": -0.472576,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-27",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.152457,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.071196,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.147645,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.069808,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.129539,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.051927,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.12096,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.056245,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-22",
        "end": "2025-09-05",
        "tenure": "New",
        "return": -0.012062,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.032908,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.092259,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": 0.058435,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-05-15",
        "tenure": "Established",
        "return": -0.181243,
        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.050405,
        "active": true
      }
    ],
    "chart_path": [
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      {
        "date": "2026-04-24",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "volume": 327065,
        "typical_volume": 414444.5,
        "trend": 25.539973,
        "fair_value": 27.308758,
        "relative_strength": -21.000586,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "direction": -11.499512,
        "energy": 11.152335,
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          25.34082,
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          24.973157,
          24.977971
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      },
      {
        "date": "2026-07-24",
        "close": 25.0351,
        "volume": 673231,
        "typical_volume": 411805.45,
        "trend": 25.370713,
        "fair_value": 27.316249,
        "relative_strength": -19.57327,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.310332,
        "energy": 7.604544,
        "activity_lines": [
          25.270532,
          25.093061,
          25.000498,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 25.57,
        "volume": 244282,
        "typical_volume": 377161.6,
        "trend": 25.24035,
        "fair_value": 27.333873,
        "relative_strength": -17.534255,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.655949,
        "energy": 21.608132,
        "activity_lines": [
          25.37136,
          25.196051,
          25.079424,
          24.958256
        ]
      },
      {
        "date": "2026-08-07",
        "close": 26.0236,
        "volume": 206919,
        "typical_volume": 356464.85,
        "trend": 25.093803,
        "fair_value": 27.358327,
        "relative_strength": -19.42101,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.04809,
        "energy": 25.356672,
        "activity_lines": [
          25.575887,
          25.367055,
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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."
    }
  }
}