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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": 63.858, "architecture_energy": 58.929, "architecture_maturity": 78.58, "architecture_confidence": 84.577, "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": 8.22, "rotation_up": 55.79, "upward_expansion": 83.78, "deceleration": 68.03, "rotation_down": 25.54, "downward_expansion": 10.44 }, "activity_lines": [ 123.845333, 122.444905, 116.552903, 110.682361 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 122.92, "trend_reference": 103.229772, "distance_from_trend": 0.190742, "trend_direction": "Improving", "fair_value": 86.394781, "distance_from_fair_value": 0.422771, "fair_value_direction": "Improving", "relative_strength": 14.868187, "relative_strength_direction": "Improving", "price_momentum": 0.298021, "excess_performance": 0.172396, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.190742, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.13113, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.422771, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.178568, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.148682, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.080711, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.298021, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.713387, "read": "Demand-led" } ], "volume": { "latest": 3099818, "relative_activity": 0.89044, "balance": 3.713387, "dry_up": 0.972007, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.055928, "annualized_volatility": 0.18877, "from_high_reference": -0.057795, "from_low_reference": 0.590271 }, "levels": { "trend_reference": 103.229772, "fair_value_reference": 86.394781, "structural_low": 84.381928, 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"activity_lines": [ 123.82932, 120.758555, 113.570203, 107.853935 ] }, { "date": "2026-07-31", "close": 123.4, "volume": 3306298, "typical_volume": 3519518.15, "trend": 101.893021, "fair_value": 86.199684, "relative_strength": 19.802695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.487913, "energy": 64.525144, "activity_lines": [ 124.11992, 121.799003, 115.162965, 109.325782 ] }, { "date": "2026-08-07", "close": 122.92, "volume": 3099818, "typical_volume": 3481222.05, "trend": 103.229772, "fair_value": 86.394781, "relative_strength": 14.868187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.857805, "energy": 58.929283, "activity_lines": [ 123.845333, 122.444905, 116.552903, 110.682361 ] } ], "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." } } }