{
  "ticker": {
    "uuid": "a1ba267f-50ec-41ab-9355-50b37a275cd1",
    "symbol": "SHE",
    "name": "STATE STREET SPDR MSCI USA GENDER DIVERSITY ETF",
    "exchange": "NYSEARCA",
    "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": "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 82.831,
    "architecture_energy": 62.901,
    "architecture_maturity": 42.31,
    "architecture_confidence": 76.664,
    "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": 20.24,
        "rotation_up": 52.28,
        "upward_expansion": 81.51,
        "deceleration": 67.57,
        "rotation_down": 28.71,
        "downward_expansion": 10.51
      },
      "activity_lines": [
        155.630727,
        154.716831,
        152.39963,
        148.030114
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 160.0289,
    "trend_reference": 142.878769,
    "distance_from_trend": 0.120033,
    "trend_direction": "Improving",
    "fair_value": 115.698099,
    "distance_from_fair_value": 0.383159,
    "fair_value_direction": "Improving",
    "relative_strength": 4.77401,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.194527,
    "excess_performance": 0.068902,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.120033,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.059419,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.383159,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.015018,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.04774,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.005652,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.194527,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.748043,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10404,
      "relative_activity": 0.703282,
      "balance": 1.748043,
      "dry_up": 0.885693,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.024641,
      "annualized_volatility": 0.149038,
      "from_high_reference": 0.0,
      "from_low_reference": 0.323928
    },
    "levels": {
      "trend_reference": 142.878769,
      "fair_value_reference": 115.698099,
      "structural_low": 124.042217,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.001934,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.002213,
        "regime_survival": 0.125,
        "best_return": 0.055194,
        "worst_return": -0.0475,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.04622,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.009548,
        "regime_survival": 0.0,
        "best_return": 0.16783,
        "worst_return": -0.054394,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.108477,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.00511,
        "regime_survival": 0.0,
        "best_return": 0.167005,
        "worst_return": -0.105757,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.130147,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.028426,
        "regime_survival": 0.333333,
        "best_return": 0.275744,
        "worst_return": -0.268268,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": 0.012803,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.024183,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.082274,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.047058,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.064291,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": 0.046542,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.094927,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.032383,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2026-02-27",
        "tenure": "Extended",
        "return": 0.073845,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-06",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.041723,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-03",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.027883,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.016443,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "color": "green",
        "start": "2026-05-01",
        "end": "2026-07-24",
        "tenure": "Established",
        "return": 0.065176,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.035526,
        "active": true
      }
    ],
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 19050.55,
        "trend": 131.160612,
        "fair_value": 109.027639,
        "relative_strength": 1.034121,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "activity_lines": [
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      },
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        "fair_value": 109.435053,
        "relative_strength": 1.701589,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 18860.55,
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      },
      {
        "date": "2026-06-05",
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        "fair_value": 111.710639,
        "relative_strength": 5.728693,
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      },
      {
        "date": "2026-06-12",
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 19355.55,
        "trend": 138.322593,
        "fair_value": 113.062875,
        "relative_strength": 6.713543,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 65.279563,
        "energy": 63.912086,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 153.55,
        "volume": 15580,
        "typical_volume": 19065.65,
        "trend": 139.089968,
        "fair_value": 113.508796,
        "relative_strength": 4.817825,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "volume": 7764,
        "typical_volume": 18853.2,
        "trend": 139.903432,
        "fair_value": 113.949801,
        "relative_strength": 4.136343,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.089745,
        "energy": 61.450638,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 151.66,
        "volume": 12027,
        "typical_volume": 18750.55,
        "trend": 140.607581,
        "fair_value": 114.364271,
        "relative_strength": 3.616501,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.265246,
        "energy": 50.343644,
        "activity_lines": [
          153.256447,
          153.509515,
          149.361037,
          145.233123
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      },
      {
        "date": "2026-07-24",
        "close": 152.7047,
        "volume": 7261,
        "typical_volume": 14596.65,
        "trend": 141.27909,
        "fair_value": 114.782943,
        "relative_strength": 4.864169,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.659431,
        "energy": 45.89792,
        "activity_lines": [
          152.959007,
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          150.193605,
          146.013582
        ]
      },
      {
        "date": "2026-07-31",
        "close": 154.5388,
        "volume": 22718,
        "typical_volume": 14962.45,
        "trend": 142.032373,
        "fair_value": 115.223063,
        "relative_strength": 4.87749,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.860087,
        "energy": 46.169076,
        "activity_lines": [
          153.433133,
          153.601639,
          151.095881,
          146.869047
        ]
      },
      {
        "date": "2026-08-07",
        "close": 160.0289,
        "volume": 10404,
        "typical_volume": 14793.5,
        "trend": 142.878769,
        "fair_value": 115.698099,
        "relative_strength": 4.77401,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 82.830634,
        "energy": 62.900944,
        "activity_lines": [
          155.630727,
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          152.39963,
          148.030114
        ]
      }
    ],
    "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."
    }
  }
}