{ "ticker": { "uuid": "84ab3323-aa0d-499f-9e80-9c9c12cd8c7e", "symbol": "SSG", "name": "PROSHARES ULTRASHORT SEMICONDUCTORS", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -68.969, "architecture_energy": 49.782, "architecture_maturity": 100.0, "architecture_confidence": 93.178, "architecture_tenure": "Established", "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": 26.69, "rotation_up": 29.62, "upward_expansion": 12.95, "deceleration": 40.88, "rotation_down": 41.51, "downward_expansion": 72.62 }, "activity_lines": [ 12.790667, 12.827686, 13.795915, 16.540301 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 11.48, "trend_reference": 20.114141, "distance_from_trend": -0.429257, "trend_direction": "Weakening", "fair_value": 165.826445, "distance_from_fair_value": -0.930771, "fair_value_direction": "Improving", "relative_strength": -61.770498, "relative_strength_direction": "Improving", "price_momentum": -0.580505, "excess_performance": -0.706129, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.429257, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.231817, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.930771, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.00514, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.617705, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.04411, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.580505, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.957789, "read": "Supply-led" } ], "volume": { "latest": 3131382, "relative_activity": 0.890458, "balance": 0.957789, "dry_up": 1.215355, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.210766, "annualized_volatility": 0.757477, "from_high_reference": -0.751046, "from_low_reference": 0.05921 }, "levels": { "trend_reference": 20.114141, "fair_value_reference": 165.826445, 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"fair_value": 181.694138, "relative_strength": -63.109381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.879535, "energy": 68.600996, "activity_lines": [ 12.483158, 12.874126, 15.758071, 18.711489 ] }, { "date": "2026-07-17", "close": 13.85, "volume": 5461800, "typical_volume": 3059346.4, "trend": 21.741662, "fair_value": 177.739152, "relative_strength": -55.477138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.186486, "energy": 56.630193, "activity_lines": [ 12.949073, 12.986714, 15.231298, 18.1641 ] }, { "date": "2026-07-24", "close": 13.14, "volume": 3427964, "typical_volume": 3163997.7, "trend": 21.20419, "fair_value": 174.143665, "relative_strength": -56.456734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.79562, "energy": 49.754834, "activity_lines": [ 13.109333, 12.97849, 14.706757, 17.609154 ] }, { "date": "2026-07-31", "close": 13.85, "volume": 5074509, "typical_volume": 3386026.05, "trend": 20.693034, "fair_value": 170.244687, "relative_strength": -53.410986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.143609, "energy": 42.573447, "activity_lines": [ 13.374667, 13.11639, 14.328747, 17.13469 ] }, { "date": "2026-08-07", "close": 11.48, "volume": 3131382, "typical_volume": 3516596.75, "trend": 20.114141, "fair_value": 165.826445, "relative_strength": -61.770498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.968637, "energy": 49.782447, "activity_lines": [ 12.790667, 12.827686, 13.795915, 16.540301 ] } ], "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." } } }