{ "ticker": { "uuid": "75d8b0d2-ce85-4497-b122-0737c52e5337", "symbol": "SPQH", "name": "Global X S&P 500 Quarterly Tail Hedge UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 58.955, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 89.413, "architecture_energy": 73.471, "architecture_maturity": 41.011, "architecture_confidence": 67.607, "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": 15.16, "rotation_up": 71.57, "upward_expansion": 85.33, "deceleration": 68.24, "rotation_down": 18.3, "downward_expansion": 12.0 }, "activity_lines": [ 16.9584, 16.874945, 16.642885, 16.475462 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.666667 }, "latest_close": 17.195999, "trend_reference": 16.305733, "distance_from_trend": 0.054598, "trend_direction": "Improving", "fair_value": 15.832026, "distance_from_fair_value": 0.086153, "fair_value_direction": "Improving", "relative_strength": -4.473654, "relative_strength_direction": "Weakening", "price_momentum": 0.075288, "excess_performance": -0.007596, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.054598, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01054, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.086153, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.061385, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.044737, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.013738, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.075288, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 17.266247, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 17.266247, "dry_up": 0.0, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.010834, "annualized_volatility": 0.061444, "from_high_reference": 0.0, "from_low_reference": 0.09001 }, "levels": { "trend_reference": 16.305733, "fair_value_reference": 15.832026, "structural_low": 15.842, "invalidation": "A 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"energy": 72.277373, "activity_lines": [ 16.843066, 16.760618, 16.521228, 16.383342 ] }, { "date": "2026-07-31", "close": 16.782, "volume": 0, "typical_volume": 1638.15, "trend": 16.282333, "fair_value": 15.815141, "relative_strength": -5.69963, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.304286, "energy": 64.01276, "activity_lines": [ 16.827733, 16.784691, 16.5642, 16.416516 ] }, { "date": "2026-08-07", "close": 17.195999, "volume": 0, "typical_volume": 1638.15, "trend": 16.305733, "fair_value": 15.832026, "relative_strength": -4.473654, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.412685, "energy": 73.470913, "activity_lines": [ 16.9584, 16.874945, 16.642885, 16.475462 ] } ], "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." } } }