{
  "ticker": {
    "uuid": "a026dfcc-f2db-40e1-a9a3-324bd09fb3d3",
    "symbol": "IVW",
    "name": "iShares S&P 500 Growth ETF",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 69.179,
    "architecture_energy": 36.347,
    "architecture_maturity": 36.419,
    "architecture_confidence": 91.518,
    "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": 44.09,
        "rotation_up": 40.61,
        "upward_expansion": 66.52,
        "deceleration": 88.72,
        "rotation_down": 27.67,
        "downward_expansion": 13.52
      },
      "activity_lines": [
        2354.596696,
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        2331.931356,
        2281.014278
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 2432.0,
    "trend_reference": 2221.81475,
    "distance_from_trend": 0.094601,
    "trend_direction": "Improving",
    "fair_value": 1858.717216,
    "distance_from_fair_value": 0.308429,
    "fair_value_direction": "Improving",
    "relative_strength": 7.203225,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.167979,
    "excess_performance": 0.222646,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.094601,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.016531,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.308429,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004304,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.072032,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.106592,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.167979,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.536922,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6719,
      "relative_activity": 0.395624,
      "balance": 3.536922,
      "dry_up": 0.224147,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.036494,
      "annualized_volatility": 0.240583,
      "from_high_reference": -0.017088,
      "from_low_reference": 0.248351
    },
    "levels": {
      "trend_reference": 2221.81475,
      "fair_value_reference": 1858.717216,
      "structural_low": 1948.170044,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": 0.01894,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.073003,
        "regime_survival": 0.142857,
        "best_return": 0.075641,
        "worst_return": -0.025006,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.053676,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.026734,
        "regime_survival": 0.166667,
        "best_return": 0.210207,
        "worst_return": -0.103017,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.120586,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.075639,
        "regime_survival": 0.0,
        "best_return": 0.370824,
        "worst_return": -0.068463,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.140438,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.223629,
        "regime_survival": 0.0,
        "best_return": 0.543442,
        "worst_return": -0.262566,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2025-02-28",
        "tenure": "Extended",
        "return": 0.12053,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.059542,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.088302,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.051814,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.058448,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-28",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-12",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-01-09",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
      },
      {
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        "active": false
      },
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      {
        "regime": "rotation_up",
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        "active": true
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 25166.35,
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        "fair_value": 1844.132977,
        "relative_strength": 2.499339,
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      },
      {
        "date": "2026-07-31",
        "close": 2294.5,
        "volume": 2455,
        "typical_volume": 17936.65,
        "trend": 2214.70352,
        "fair_value": 1851.126778,
        "relative_strength": 1.126607,
        "stage": 2,
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        "energy": 24.881314,
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      },
      {
        "date": "2026-08-07",
        "close": 2432.0,
        "volume": 6719,
        "typical_volume": 16983.3,
        "trend": 2221.81475,
        "fair_value": 1858.717216,
        "relative_strength": 7.203225,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 36.346844,
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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."
    }
  }
}