{
  "ticker": {
    "uuid": "9eebc6f2-dc5a-483c-8e11-1941a763a747",
    "symbol": "VTHR",
    "name": "VANGUARD RUSSELL 3000 INDEX FUND ETF SHARES",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 95.052,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.277,
    "architecture_energy": 56.03,
    "architecture_maturity": 52.724,
    "architecture_confidence": 76.402,
    "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": 14.28,
        "rotation_up": 55.47,
        "upward_expansion": 81.34,
        "deceleration": 62.96,
        "rotation_down": 26.09,
        "downward_expansion": 8.0
      },
      "activity_lines": [
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        320.997577
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 341.9946,
    "trend_reference": 313.629916,
    "distance_from_trend": 0.09044,
    "trend_direction": "Improving",
    "fair_value": 256.907889,
    "distance_from_fair_value": 0.331195,
    "fair_value_direction": "Improving",
    "relative_strength": -1.692124,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.125479,
    "excess_performance": -0.061974,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.09044,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03506,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.331195,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.00983,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.016921,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.050577,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.125479,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.228183,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 124245,
      "relative_activity": 0.762954,
      "balance": 2.228183,
      "dry_up": 0.804879,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.024361,
      "annualized_volatility": 0.138613,
      "from_high_reference": -0.002844,
      "from_low_reference": 0.239041
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    "levels": {
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      "fair_value_reference": 256.907889,
      "structural_low": 277.740946,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.001323,
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        "best_return": 0.065434,
        "worst_return": -0.048389,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.060696,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "worst_return": -0.123316,
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      {
        "regime": "deceleration",
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      {
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        "regime": "balance",
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        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "end": "2025-05-16",
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      {
        "date": "2026-04-17",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "relative_strength": -1.927286,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 59.873842,
        "energy": 50.370799,
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      },
      {
        "date": "2026-07-24",
        "close": 326.3684,
        "volume": 181315,
        "typical_volume": 165882.1,
        "trend": 311.39621,
        "fair_value": 255.060561,
        "relative_strength": -0.9598,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 58.715738,
        "energy": 46.875113,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 329.62,
        "volume": 100772,
        "typical_volume": 165688.25,
        "trend": 312.399728,
        "fair_value": 255.941754,
        "relative_strength": -0.470663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.735281,
        "energy": 44.087437,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 341.9946,
        "volume": 124245,
        "typical_volume": 162847.4,
        "trend": 313.629916,
        "fair_value": 256.907889,
        "relative_strength": -1.692124,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.276931,
        "energy": 56.030128,
        "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."
    }
  }
}