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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": 41.699, "architecture_energy": 28.876, "architecture_maturity": 71.77, "architecture_confidence": 61.749, "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": 39.58, "rotation_up": 36.99, "upward_expansion": 62.32, "deceleration": 67.32, "rotation_down": 24.23, "downward_expansion": 14.66 }, "activity_lines": [ 88.582, 88.784727, 86.518989, 83.45877 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 87.62, "trend_reference": 79.668968, "distance_from_trend": 0.099801, "trend_direction": "Improving", "fair_value": 80.782604, "distance_from_fair_value": 0.084639, "fair_value_direction": "Improving", "relative_strength": 3.648171, "relative_strength_direction": "Weakening", "price_momentum": 0.18817, "excess_performance": 0.062545, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.099801, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.110944, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.084639, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.005279, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.036482, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.010757, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.18817, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.379047, "read": "Demand-led" } ], "volume": { "latest": 4040277, "relative_activity": 1.746626, "balance": 1.379047, "dry_up": 1.033514, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.079792, "annualized_volatility": 0.339387, "from_high_reference": -0.073098, "from_low_reference": 0.530105 }, "levels": { "trend_reference": 79.668968, "fair_value_reference": 80.782604, "structural_low": 66.252279, 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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." } } }