{
  "ticker": {
    "uuid": "74d827db-620a-494b-b895-04bdfd473b0f",
    "symbol": "SIXH",
    "name": "EXCHANGE TRADED CONCEPTS TRUST ETC 6 MERIDIAN HEDGED EQUITY INDEX OPTIO",
    "exchange": "NYSEARCA",
    "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": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 74.493,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 69.015,
    "architecture_energy": 65.228,
    "architecture_maturity": 18.773,
    "architecture_confidence": 70.369,
    "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": 3.63,
        "rotation_up": 74.72,
        "upward_expansion": 90.19,
        "deceleration": 44.48,
        "rotation_down": 13.27,
        "downward_expansion": 12.19
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 43.6246,
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    "distance_from_trend": 0.034665,
    "trend_direction": "Improving",
    "fair_value": 36.707259,
    "distance_from_fair_value": 0.188446,
    "fair_value_direction": "Improving",
    "relative_strength": -4.112573,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.039738,
    "excess_performance": -0.085887,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.034665,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036365,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.188446,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.025021,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.041126,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.022032,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.039738,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.558424,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 388876,
      "relative_activity": 6.527185,
      "balance": 6.558424,
      "dry_up": 2.117123,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.015936,
      "annualized_volatility": 0.08189,
      "from_high_reference": -0.015486,
      "from_low_reference": 0.175532
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    "levels": {
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      "fair_value_reference": 36.707259,
      "structural_low": 41.169841,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 32,
        "median_return": 0.004885,
        "positive_rate": 0.59375,
        "directional_follow_through": 0.59375,
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        "worst_return": -0.042057,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "sufficient": true
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 45562.35,
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        "relative_strength": 0.424964,
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      },
      {
        "date": "2026-07-31",
        "close": 43.4518,
        "volume": 16694,
        "typical_volume": 42996.0,
        "trend": 42.021565,
        "fair_value": 36.623226,
        "relative_strength": -1.27582,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.526732,
        "energy": 67.658141,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 43.6246,
        "volume": 388876,
        "typical_volume": 59577.9,
        "trend": 42.163011,
        "fair_value": 36.707259,
        "relative_strength": -4.112573,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.014516,
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        "activity_lines": [
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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."
    }
  }
}