{
  "ticker": {
    "uuid": "7f5857ba-9229-40dd-b52c-74be7af10133",
    "symbol": "BBIN",
    "name": "JPMORGAN BETABUILDERS INTERNATIONAL EQUITY ETF",
    "exchange": "CBOE",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 82.407,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 79.515,
    "architecture_energy": 65.012,
    "architecture_maturity": 33.088,
    "architecture_confidence": 80.686,
    "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": 16.98,
        "rotation_up": 64.68,
        "upward_expansion": 85.86,
        "deceleration": 47.39,
        "rotation_down": 16.34,
        "downward_expansion": 12.53
      },
      "activity_lines": [
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        77.291406
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 81.555,
    "trend_reference": 76.678098,
    "distance_from_trend": 0.063602,
    "trend_direction": "Improving",
    "fair_value": 62.011566,
    "distance_from_fair_value": 0.315158,
    "fair_value_direction": "Improving",
    "relative_strength": -1.343643,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.053086,
    "excess_performance": -0.072538,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.063602,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031964,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.315158,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.019337,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.013436,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.009942,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.053086,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.067605,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 391825,
      "relative_activity": 0.446544,
      "balance": 2.067605,
      "dry_up": 1.010389,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.024845,
      "annualized_volatility": 0.181792,
      "from_high_reference": -0.002963,
      "from_low_reference": 0.231851
    },
    "levels": {
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      "fair_value_reference": 62.011566,
      "structural_low": 70.249448,
      "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": 36,
        "median_return": 0.012143,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.001872,
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        "worst_return": -0.077654,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 900205.25,
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        "fair_value": 61.451949,
        "relative_strength": -2.165716,
        "stage": 2,
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        "direction": 53.14756,
        "energy": 33.26278,
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      },
      {
        "date": "2026-07-24",
        "close": 77.78,
        "volume": 1069885,
        "typical_volume": 880205.25,
        "trend": 76.227085,
        "fair_value": 61.620469,
        "relative_strength": -1.512442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 51.684276,
        "energy": 33.964089,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 79.28,
        "volume": 1805830,
        "typical_volume": 944098.7,
        "trend": 76.436099,
        "fair_value": 61.808667,
        "relative_strength": -0.731857,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.391402,
        "energy": 39.466376,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 81.555,
        "volume": 391825,
        "typical_volume": 877461.75,
        "trend": 76.678098,
        "fair_value": 62.011566,
        "relative_strength": -1.343643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.515451,
        "energy": 65.012316,
        "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."
    }
  }
}