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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": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 59.565, "architecture_energy": 39.996, "architecture_maturity": 54.072, "architecture_confidence": 69.707, "architecture_tenure": "Developing", "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": 17.26, "rotation_up": 45.92, "upward_expansion": 74.66, "deceleration": 67.81, "rotation_down": 26.59, "downward_expansion": 10.33 }, "activity_lines": [ 1177.253333, 1177.187455, 1125.345475, 1084.794813 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 1185.71, "trend_reference": 1049.344096, "distance_from_trend": 0.129953, "trend_direction": "Improving", "fair_value": 827.780479, "distance_from_fair_value": 0.432397, "fair_value_direction": "Improving", "relative_strength": 8.06057, "relative_strength_direction": "Improving", "price_momentum": 0.124314, "excess_performance": -0.00131, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.129953, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043215, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.432397, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.202383, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.080606, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.126393, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.124314, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.83743, "read": "Demand-led" } ], "volume": { "latest": 19797803, "relative_activity": 1.334295, "balance": 2.83743, "dry_up": 0.92437, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.072997, "annualized_volatility": 0.316674, "from_high_reference": -0.051014, "from_low_reference": 0.907679 }, "levels": { "trend_reference": 1049.344096, "fair_value_reference": 827.780479, 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"close": 1185.71, "volume": 19797803, "typical_volume": 14837650.6, "trend": 1049.344096, "fair_value": 827.780479, "relative_strength": 8.06057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.564532, "energy": 39.996002, "activity_lines": [ 1177.253333, 1177.187455, 1125.345475, 1084.794813 ] } ], "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." } } }