{ "ticker": { "uuid": "8eca6102-a3d8-460a-9cc3-c563806d6d73", "symbol": "QQCC", "name": "Global X NASDAQ-100 Covered Call ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 82.195, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 40.243, "architecture_energy": 27.526, "architecture_maturity": 66.649, "architecture_confidence": 83.177, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 37.01, "rotation_up": 29.9, "upward_expansion": 60.15, "deceleration": 85.48, "rotation_down": 32.97, "downward_expansion": 19.15 }, "activity_lines": [ 13.812339, 13.956623, 13.873401, 13.555549 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 14.1, "trend_reference": 13.170075, "distance_from_trend": 0.070609, "trend_direction": "Improving", "fair_value": 10.713569, "distance_from_fair_value": 0.316088, "fair_value_direction": "Weakening", "relative_strength": -1.768241, "relative_strength_direction": "Weakening", "price_momentum": 0.143568, "excess_performance": 0.023147, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.070609, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041032, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.316088, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.024186, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.017682, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026969, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.143568, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.498667, "read": "Demand-led" } ], "volume": { "latest": 137100, "relative_activity": 0.641209, "balance": 1.498667, "dry_up": 1.216004, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.037349, "annualized_volatility": 0.181294, "from_high_reference": -0.04393, "from_low_reference": 0.238458 }, "levels": { "trend_reference": 13.170075, "fair_value_reference": 10.713569, "structural_low": 11.668728, "invalidation": "A 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"orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.050145, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.061509, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.02725, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": 0.037195, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-02-06", "tenure": "Established", "return": 0.056656, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.016133, "active": false }, { "regime": 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10.564894, "relative_strength": 2.451118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.388049, "energy": 61.804266, "activity_lines": [ 14.317126, 14.207709, 13.737691, 13.385092 ] }, { "date": "2026-07-17", "close": 13.697802, "volume": 277100, "typical_volume": 240595.0, "trend": 13.051434, "fair_value": 10.602119, "relative_strength": -1.980821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.550539, "energy": 40.489436, "activity_lines": [ 14.108928, 14.136393, 13.778286, 13.429404 ] }, { "date": "2026-07-24", "close": 13.539331, "volume": 372300, "typical_volume": 220430.0, "trend": 13.086315, "fair_value": 10.637505, "relative_strength": -3.260188, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.349904, "energy": 28.335292, "activity_lines": [ 13.879588, 14.035606, 13.797361, 13.460882 ] }, { "date": "2026-07-31", "close": 13.58, "volume": 253500, "typical_volume": 219950.0, "trend": 13.126347, "fair_value": 10.673662, "relative_strength": -2.42444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.652536, "energy": 24.477303, "activity_lines": [ 13.744373, 13.945867, 13.813853, 13.492732 ] }, { "date": "2026-08-07", "close": 14.1, "volume": 137100, "typical_volume": 213815.0, "trend": 13.170075, "fair_value": 10.713569, "relative_strength": -1.768241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.243288, "energy": 27.526417, "activity_lines": [ 13.812339, 13.956623, 13.873401, 13.555549 ] } ], "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." } } }