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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": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.265, "architecture_energy": 77.392, "architecture_maturity": 46.029, "architecture_confidence": 78.809, "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": 3.85, "rotation_up": 75.34, "upward_expansion": 93.06, "deceleration": 43.73, "rotation_down": 11.93, "downward_expansion": 17.39 }, "activity_lines": [ 86.787333, 85.223273, 82.078254, 80.119805 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 87.39, "trend_reference": 77.655075, "distance_from_trend": 0.125361, "trend_direction": "Improving", "fair_value": 74.782971, "distance_from_fair_value": 0.168582, "fair_value_direction": "Improving", "relative_strength": 3.343516, "relative_strength_direction": "Improving", "price_momentum": 0.256895, "excess_performance": 0.13127, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.125361, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.049018, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.168582, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.143124, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.033435, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.110345, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.256895, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.158309, "read": "Demand-led" } ], "volume": { "latest": 1461545, "relative_activity": 0.904482, "balance": 1.158309, "dry_up": 0.933024, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.041722, "annualized_volatility": 0.232316, "from_high_reference": -0.030185, "from_low_reference": 0.283972 }, "levels": { "trend_reference": 77.655075, "fair_value_reference": 74.782971, "structural_low": 68.571458, 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"typical_volume": 1614056.0, "trend": 76.671295, "fair_value": 74.719173, "relative_strength": 6.79084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.540081, "energy": 84.200369, "activity_lines": [ 86.319333, 83.552, 80.633, 78.8805 ] }, { "date": "2026-07-31", "close": 85.64, "volume": 1666288, "typical_volume": 1640158.2, "trend": 77.149476, "fair_value": 74.754806, "relative_strength": 4.759295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.505711, "energy": 81.157389, "activity_lines": [ 86.364, 84.310364, 81.297362, 79.459126 ] }, { "date": "2026-08-07", "close": 87.39, "volume": 1461545, "typical_volume": 1615891.1, "trend": 77.655075, "fair_value": 74.782971, "relative_strength": 3.343516, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.265155, "energy": 77.392372, "activity_lines": [ 86.787333, 85.223273, 82.078254, 80.119805 ] } ], "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." } } }