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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": 92.679, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 47.343, "architecture_energy": 30.879, "architecture_maturity": 90.798, "architecture_confidence": 65.949, "architecture_tenure": "Extended", "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": 36.69, "rotation_up": 42.21, "upward_expansion": 74.27, "deceleration": 67.74, "rotation_down": 26.9, "downward_expansion": 5.61 }, "activity_lines": [ 269.416271, 269.182109, 265.401169, 258.654672 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 256.87, "trend_reference": 246.073574, "distance_from_trend": 0.043875, "trend_direction": "Improving", "fair_value": 159.982513, "distance_from_fair_value": 0.605613, "fair_value_direction": "Weakening", "relative_strength": 8.505699, "relative_strength_direction": "Weakening", "price_momentum": 0.220699, "excess_performance": 0.095074, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043875, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.142751, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.605613, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.123119, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.085057, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.101674, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.220699, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.045599, "read": "Demand-led" } ], "volume": { "latest": 7247070, "relative_activity": 1.195827, "balance": 1.045599, "dry_up": 1.007371, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.069825, "annualized_volatility": 0.302989, "from_high_reference": -0.113311, "from_low_reference": 0.811244 }, "levels": { "trend_reference": 246.073574, "fair_value_reference": 159.982513, 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275.307838, 271.017726, 264.361773, 255.855416 ] }, { "date": "2026-07-31", "close": 270.37, "volume": 6311072, "typical_volume": 6138442.05, "trend": 243.349327, "fair_value": 158.848721, "relative_strength": 18.773872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.446571, "energy": 42.345915, "activity_lines": [ 274.579206, 271.26919, 265.599252, 257.78237 ] }, { "date": "2026-08-07", "close": 256.87, "volume": 7247070, "typical_volume": 6060298.55, "trend": 246.073574, "fair_value": 159.982513, "relative_strength": 8.505699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.342539, "energy": 30.879105, "activity_lines": [ 269.416271, 269.182109, 265.401169, 258.654672 ] } ], "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." } } }