{
  "ticker": {
    "uuid": "8b27224f-532d-4b20-ae53-03fa61b54240",
    "symbol": "QWLD",
    "name": "STATE STREET SPDR MSCI WORLD STRATEGICFACTORS ETF",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 86.131,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 93.155,
    "architecture_energy": 93.593,
    "architecture_maturity": 35.664,
    "architecture_confidence": 72.335,
    "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": 4.54,
        "rotation_up": 81.9,
        "upward_expansion": 96.94,
        "deceleration": 42.19,
        "rotation_down": 11.75,
        "downward_expansion": 21.27
      },
      "activity_lines": [
        155.77196,
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        152.358582,
        150.634511
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 159.3542,
    "trend_reference": 148.818354,
    "distance_from_trend": 0.070797,
    "trend_direction": "Improving",
    "fair_value": 125.665619,
    "distance_from_fair_value": 0.268081,
    "fair_value_direction": "Improving",
    "relative_strength": -1.673616,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.072216,
    "excess_performance": -0.053409,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.070797,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.027797,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.268081,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.033654,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.016736,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.027105,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.072216,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.824919,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10431,
      "relative_activity": 0.427888,
      "balance": 5.824919,
      "dry_up": 0.343539,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.01399,
      "annualized_volatility": 0.106632,
      "from_high_reference": -0.000159,
      "from_low_reference": 0.201441
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    "levels": {
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      "fair_value_reference": 125.665619,
      "structural_low": 138.490624,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 43,
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        "positive_rate": 0.744186,
        "directional_follow_through": 0.744186,
        "median_excess_return": -0.000105,
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        "best_return": 0.04988,
        "worst_return": -0.058886,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.061391,
        "sufficient": true
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        "horizon": "Full cycle",
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-08",
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      },
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      },
      {
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
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        "trend": 146.759634,
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        "relative_strength": -2.36249,
        "stage": 2,
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      },
      {
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        "trend": 147.170064,
        "fair_value": 124.253755,
        "relative_strength": -3.036123,
        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 24344.55,
        "trend": 147.560202,
        "fair_value": 124.589478,
        "relative_strength": -1.844026,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.336263,
        "energy": 74.048903,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 152.8404,
        "volume": 4204,
        "typical_volume": 24030.5,
        "trend": 147.886899,
        "fair_value": 124.919222,
        "relative_strength": -1.393891,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.528866,
        "energy": 74.35525,
        "activity_lines": [
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          150.765895,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 155.3325,
        "volume": 10783,
        "typical_volume": 24229.0,
        "trend": 148.320822,
        "fair_value": 125.280493,
        "relative_strength": -0.834786,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.032517,
        "energy": 82.483609,
        "activity_lines": [
          153.843893,
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      },
      {
        "date": "2026-08-07",
        "close": 159.3542,
        "volume": 10431,
        "typical_volume": 24377.9,
        "trend": 148.818354,
        "fair_value": 125.665619,
        "relative_strength": -1.673616,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 93.155316,
        "energy": 93.593297,
        "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."
    }
  }
}