{
  "ticker": {
    "uuid": "95deb2b0-3451-4555-bc55-e4ddf48c0f4e",
    "symbol": "VFH",
    "name": "Vanguard Financials Index Fund ETF Shares",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 77.504,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.898,
    "architecture_energy": 95.391,
    "architecture_maturity": 10.556,
    "architecture_confidence": 72.182,
    "architecture_tenure": "New",
    "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": 12.68,
        "rotation_up": 88.83,
        "upward_expansion": 100.0,
        "deceleration": 39.0,
        "rotation_down": 8.01,
        "downward_expansion": 22.0
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 2424.75,
    "trend_reference": 2241.092505,
    "distance_from_trend": 0.08195,
    "trend_direction": "Weakening",
    "fair_value": 2076.537111,
    "distance_from_fair_value": 0.167689,
    "fair_value_direction": "Improving",
    "relative_strength": 2.886761,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.085351,
    "excess_performance": 0.140017,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.08195,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.005439,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.167689,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.057634,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.028868,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.168898,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.085351,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.771429,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 72,
      "relative_activity": 2.077922,
      "balance": 5.771429,
      "dry_up": 2.799423,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.010688,
      "annualized_volatility": 0.143236,
      "from_high_reference": -0.00678,
      "from_low_reference": 0.133326
    },
    "levels": {
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      "fair_value_reference": 2076.537111,
      "structural_low": 2139.5,
      "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": 27,
        "median_return": 0.025641,
        "positive_rate": 0.740741,
        "directional_follow_through": 0.740741,
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        "best_return": 0.098901,
        "worst_return": -0.058924,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.099663,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "directional_follow_through": 0.666667,
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        "horizon": "Full cycle",
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        "regime": "balance",
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      {
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      {
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      },
      {
        "date": "2026-07-24",
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        "volume": 44,
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        "fair_value": 2064.079336,
        "relative_strength": 2.015416,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 86.365591,
        "energy": 95.224716,
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      },
      {
        "date": "2026-07-31",
        "close": 2398.139893,
        "volume": 0,
        "typical_volume": 31.05,
        "trend": 2238.757389,
        "fair_value": 2070.222935,
        "relative_strength": 1.499197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.68037,
        "energy": 91.483457,
        "activity_lines": [
          2392.647949,
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      },
      {
        "date": "2026-08-07",
        "close": 2424.75,
        "volume": 72,
        "typical_volume": 34.65,
        "trend": 2241.092505,
        "fair_value": 2076.537111,
        "relative_strength": 2.886761,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.898392,
        "energy": 95.390958,
        "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."
    }
  }
}