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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": 78.573, "architecture_energy": 90.838, "architecture_maturity": 48.834, "architecture_confidence": 81.244, "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": 0.17, "rotation_up": 86.15, "upward_expansion": 99.5, "deceleration": 39.22, "rotation_down": 8.19, "downward_expansion": 21.5 }, "activity_lines": [ 377.176667, 359.676101, 336.019468, 324.745506 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 384.31, "trend_reference": 311.074708, "distance_from_trend": 0.235427, "trend_direction": "Improving", "fair_value": 243.871473, "distance_from_fair_value": 0.575871, "fair_value_direction": "Improving", "relative_strength": 15.86702, "relative_strength_direction": "Improving", "price_momentum": 0.28461, "excess_performance": 0.158985, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.235427, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.068353, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.575871, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.283966, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.15867, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.210722, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.28461, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.81861, "read": "Demand-led" } ], "volume": { "latest": 8508673, "relative_activity": 1.034272, "balance": 3.81861, "dry_up": 1.335407, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.049811, "annualized_volatility": 0.22457, "from_high_reference": -0.03608, "from_low_reference": 0.541376 }, "levels": { "trend_reference": 311.074708, "fair_value_reference": 243.871473, "structural_low": 283.491867, 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"gate": "up", "direction": 81.713921, "energy": 89.027016, "activity_lines": [ 331.068667, 319.139285, 309.940155, 305.21078 ] }, { "date": "2026-07-17", "close": 368.98, "volume": 11697186, "typical_volume": 7819583.8, "trend": 301.298467, "fair_value": 239.616463, "relative_strength": 17.239844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.069077, "energy": 96.900227, "activity_lines": [ 346.004, 329.606248, 316.041052, 309.745759 ] }, { "date": "2026-07-24", "close": 387.26, "volume": 12117497, "typical_volume": 8057479.7, "trend": 304.544901, "fair_value": 241.046372, "relative_strength": 23.124008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.376355, "energy": 97.443982, "activity_lines": [ 362.731333, 342.084792, 323.584232, 315.291664 ] }, { "date": "2026-07-31", "close": 374.36, "volume": 11620778, "typical_volume": 8283393.0, "trend": 307.590553, "fair_value": 242.421595, "relative_strength": 17.267976, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.378173, "energy": 90.299527, "activity_lines": [ 369.862, 350.604607, 329.502115, 319.795864 ] }, { "date": "2026-08-07", "close": 384.31, "volume": 8508673, "typical_volume": 8226730.55, "trend": 311.074708, "fair_value": 243.871473, "relative_strength": 15.86702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.572843, "energy": 90.837787, "activity_lines": [ 377.176667, 359.676101, 336.019468, 324.745506 ] } ], "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." } } }