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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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 62.044, "architecture_energy": 39.323, "architecture_maturity": 74.772, "architecture_confidence": 70.258, "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": 17.49, "rotation_up": 48.52, "upward_expansion": 78.21, "deceleration": 66.41, "rotation_down": 24.63, "downward_expansion": 4.87 }, "activity_lines": [ 324.184, 323.341566, 316.123527, 309.307532 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 328.4, "trend_reference": 301.019048, "distance_from_trend": 0.090961, "trend_direction": "Improving", "fair_value": 278.472126, "distance_from_fair_value": 0.179292, "fair_value_direction": "Improving", "relative_strength": 1.308713, "relative_strength_direction": "Improving", "price_momentum": 0.166901, "excess_performance": 0.041277, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090961, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.069356, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.179292, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.051558, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.013087, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.038, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.166901, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.953903, "read": "Demand-led" } ], "volume": { "latest": 4303174, "relative_activity": 0.847927, "balance": 1.953903, "dry_up": 1.309909, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.050716, "annualized_volatility": 0.25705, "from_high_reference": -0.021308, "from_low_reference": 0.305452 }, "levels": { "trend_reference": 301.019048, "fair_value_reference": 278.472126, "structural_low": 260.554757, 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277.481526, "relative_strength": 4.076619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.560642, "energy": 41.701984, "activity_lines": [ 321.994, 320.224797, 311.875722, 305.655915 ] }, { "date": "2026-07-31", "close": 324.17, "volume": 7709591, "typical_volume": 5384975.85, "trend": 299.164077, "fair_value": 277.99513, "relative_strength": 3.494211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.827124, "energy": 36.545994, "activity_lines": [ 322.376667, 321.596332, 313.874931, 307.421343 ] }, { "date": "2026-08-07", "close": 328.4, "volume": 4303174, "typical_volume": 5074934.25, "trend": 301.019048, "fair_value": 278.472126, "relative_strength": 1.308713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.044048, "energy": 39.32299, "activity_lines": [ 324.184, 323.341566, 316.123527, 309.307532 ] } ], "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." } } }