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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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "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": 90.282, "architecture_energy": 67.319, "architecture_maturity": 70.906, "architecture_confidence": 86.36, "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": 10.82, "rotation_up": 66.76, "upward_expansion": 83.53, "deceleration": 66.76, "rotation_down": 20.55, "downward_expansion": 10.2 }, "activity_lines": [ 105.922, 102.431636, 93.806295, 86.690476 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 123.47, "trend_reference": 77.259902, "distance_from_trend": 0.598112, "trend_direction": "Improving", "fair_value": 74.918741, "distance_from_fair_value": 0.648052, "fair_value_direction": "Improving", "relative_strength": 56.192379, "relative_strength_direction": "Improving", "price_momentum": 1.268766, "excess_performance": 1.143141, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.598112, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.248193, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.648052, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.646046, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.561924, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.517956, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 1.268766, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.012933, "read": "Demand-led" } ], "volume": { "latest": 4056783, "relative_activity": 1.685814, "balance": 3.012933, "dry_up": 1.040662, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.083317, "annualized_volatility": 0.493273, "from_high_reference": -0.059921, "from_low_reference": 1.867406 }, "levels": { "trend_reference": 77.259902, "fair_value_reference": 74.918741, "structural_low": 51.396053, 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"Established expansion", "gate": "up", "direction": 67.844769, "energy": 65.589732, "activity_lines": [ 99.630667, 96.039738, 87.102714, 80.662671 ] }, { "date": "2026-07-24", "close": 94.39, "volume": 1941280, "typical_volume": 2417758.25, "trend": 73.948273, "fair_value": 74.76284, "relative_strength": 26.582841, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.620805, "energy": 58.194786, "activity_lines": [ 97.906667, 96.651485, 88.445575, 82.061192 ] }, { "date": "2026-07-31", "close": 97.51, "volume": 2153960, "typical_volume": 2369671.4, "trend": 75.277822, "fair_value": 74.766208, "relative_strength": 28.949608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.436961, "energy": 50.652775, "activity_lines": [ 97.461333, 97.390909, 89.968655, 83.581303 ] }, { "date": "2026-08-07", "close": 123.47, "volume": 4056783, "typical_volume": 2406424.1, "trend": 77.259902, "fair_value": 74.918741, "relative_strength": 56.192379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.281703, "energy": 67.318817, "activity_lines": [ 105.922, 102.431636, 93.806295, 86.690476 ] } ], "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." } } }