{
  "ticker": {
    "uuid": "7a5cce09-cdc3-427c-b3c0-2d94f3e0d00b",
    "symbol": "SCHE",
    "name": "SCHWAB STRATEGIC TR EMERGING MKTS EQUITY ETF",
    "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": 60.429,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 61.558,
    "architecture_energy": 29.682,
    "architecture_maturity": 47.286,
    "architecture_confidence": 60.644,
    "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": 38.71,
        "rotation_up": 41.76,
        "upward_expansion": 73.69,
        "deceleration": 65.31,
        "rotation_down": 23.94,
        "downward_expansion": 2.69
      },
      "activity_lines": [
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        35.524049
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 36.99,
    "trend_reference": 35.108311,
    "distance_from_trend": 0.053597,
    "trend_direction": "Improving",
    "fair_value": 28.16495,
    "distance_from_fair_value": 0.313334,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.657544,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.058369,
    "excess_performance": -0.067256,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.053597,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031529,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.313334,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.045487,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.026575,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.043458,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.058369,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.983643,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 13573163,
      "relative_activity": 0.969842,
      "balance": 1.983643,
      "dry_up": 1.165386,
      "accumulation_observations": 5,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.035141,
      "annualized_volatility": 0.193543,
      "from_high_reference": -0.009606,
      "from_low_reference": 0.229599
    },
    "levels": {
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      "fair_value_reference": 28.16495,
      "structural_low": 31.755,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": -0.00394,
        "positive_rate": 0.44,
        "directional_follow_through": 0.44,
        "median_excess_return": -0.002833,
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        "worst_return": -0.095103,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "regime": "deceleration",
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-04-17",
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      },
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        "date": "2026-04-24",
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      },
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      },
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "stage": 2,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 27.835236,
        "relative_strength": -1.582122,
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        "modifier": "Established expansion",
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        "direction": 58.753644,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 14064479.8,
        "trend": 34.834645,
        "fair_value": 27.915363,
        "relative_strength": -3.189657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.57585,
        "energy": 19.092164,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 35.39,
        "volume": 13008363,
        "typical_volume": 13811892.3,
        "trend": 34.917311,
        "fair_value": 27.98966,
        "relative_strength": -2.533997,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 33.698278,
        "energy": 16.307295,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 36.03,
        "volume": 21402064,
        "typical_volume": 14033021.25,
        "trend": 35.001311,
        "fair_value": 28.07262,
        "relative_strength": -1.856664,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.063053,
        "energy": 18.070188,
        "activity_lines": [
          35.778667,
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          35.765518,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.99,
        "volume": 13573163,
        "typical_volume": 13995236.65,
        "trend": 35.108311,
        "fair_value": 28.16495,
        "relative_strength": -2.657544,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.5579,
        "energy": 29.682328,
        "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."
    }
  }
}