{
  "ticker": {
    "uuid": "83451bf8-8a63-4637-8bf0-c12b7a2b959c",
    "symbol": "000001.SS",
    "name": "SSE Composite Index",
    "exchange": "INDEXES",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 70.158,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.441,
    "architecture_energy": 74.132,
    "architecture_maturity": 9.884,
    "architecture_confidence": 80.596,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 22.14,
        "rotation_up": 8.69,
        "upward_expansion": 16.52,
        "deceleration": 37.11,
        "rotation_down": 76.77,
        "downward_expansion": 92.18
      },
      "activity_lines": [
        3866.419971,
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        4003.259747
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 3940.037109,
    "trend_reference": 4035.049186,
    "distance_from_trend": -0.023547,
    "trend_direction": "Improving",
    "fair_value": 3422.739931,
    "distance_from_fair_value": 0.151135,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.680615,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.043204,
    "excess_performance": -0.166633,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.023547,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.002368,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.151135,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.092741,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.116806,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.085262,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.043204,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.838321,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2810600,
      "relative_activity": 1.212655,
      "balance": 0.838321,
      "dry_up": 1.254786,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.027772,
      "annualized_volatility": 0.133343,
      "from_high_reference": -0.074862,
      "from_low_reference": 0.110757
    },
    "levels": {
      "trend_reference": 4035.049186,
      "fair_value_reference": 3422.739931,
      "structural_low": 3741.110107,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": 0.006332,
        "positive_rate": 0.5625,
        "directional_follow_through": 0.4375,
        "median_excess_return": 0.000755,
        "regime_survival": 0.75,
        "best_return": 0.086311,
        "worst_return": -0.071788,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.000967,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.041905,
        "regime_survival": 0.333333,
        "best_return": 0.170375,
        "worst_return": -0.073148,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.034371,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.038928,
        "regime_survival": 0.0,
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        "worst_return": -0.075753,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.057169,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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        "worst_return": -0.097342,
        "sufficient": false
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        "color": "orange",
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        "end": "2024-08-23",
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        "active": false
      },
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        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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        "active": false
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      {
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        "regime": "balance",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 2395545.0,
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        "fair_value": 3413.978077,
        "relative_strength": -10.905469,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 3832.261963,
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        "typical_volume": 2345645.0,
        "trend": 4036.009285,
        "fair_value": 3417.789372,
        "relative_strength": -11.285411,
        "stage": 4,
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        "modifier": "Early contraction",
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        "energy": 80.850925,
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      },
      {
        "date": "2026-08-07",
        "close": 3940.037109,
        "volume": 2810600,
        "typical_volume": 2317725.0,
        "trend": 4035.049186,
        "fair_value": 3422.739931,
        "relative_strength": -11.680615,
        "stage": 4,
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        "modifier": "Early contraction",
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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."
    }
  }
}