{
  "ticker": {
    "uuid": "aa7a6ffd-1bcc-46ed-babf-08a458635d48",
    "symbol": "EET",
    "name": "PROSHARES TRUST ULTRA MSCI EMERGING MKTS",
    "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": 85.739,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 7.397,
    "architecture_energy": 14.758,
    "architecture_maturity": 20.872,
    "architecture_confidence": 84.509,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 60.71,
        "rotation_up": 17.16,
        "upward_expansion": 40.39,
        "deceleration": 84.6,
        "rotation_down": 39.83,
        "downward_expansion": 34.39
      },
      "activity_lines": [
        103.1446,
        106.290351,
        107.902302,
        104.908335
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 106.0655,
    "trend_reference": 101.223006,
    "distance_from_trend": 0.04784,
    "trend_direction": "Improving",
    "fair_value": 64.155799,
    "distance_from_fair_value": 0.653249,
    "fair_value_direction": "Weakening",
    "relative_strength": 5.060186,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.106535,
    "excess_performance": -0.01909,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.04784,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.106394,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.653249,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.336094,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.050602,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.287892,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.106535,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.881954,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 31420,
      "relative_activity": 0.545369,
      "balance": 0.881954,
      "dry_up": 0.808785,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.129587,
      "annualized_volatility": 0.564886,
      "from_high_reference": -0.174942,
      "from_low_reference": 0.625628
    },
    "levels": {
      "trend_reference": 101.223006,
      "fair_value_reference": 64.155799,
      "structural_low": 77.17,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.030306,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.007728,
        "regime_survival": 0.333333,
        "best_return": 0.253321,
        "worst_return": -0.063777,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.009294,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.045303,
        "regime_survival": 0.142857,
        "best_return": 0.210073,
        "worst_return": -0.10754,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.038516,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.079898,
        "regime_survival": 0.166667,
        "best_return": 0.439775,
        "worst_return": -0.156302,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.05059,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.193577,
        "regime_survival": 0.0,
        "best_return": 1.162247,
        "worst_return": -0.447947,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
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        "end": "2024-09-20",
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        "return": 0.06884,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-03",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-02-21",
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        "return": 0.181978,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-03-28",
        "tenure": "Developing",
        "return": 0.01902,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": 0.04781,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.14775,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-05-23",
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        "return": 0.055908,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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        "regime": "deceleration",
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        "active": false
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        "regime": "upward_expansion",
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        "return": -0.002406,
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        "active": true
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        "typical_volume": 67720.0,
        "trend": 85.80222,
        "fair_value": 58.175903,
        "relative_strength": 24.550562,
        "stage": 2,
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        "modifier": "Momentum cooling",
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        "energy": 54.012576,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 66747.15,
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        "fair_value": 58.553481,
        "relative_strength": 24.119086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "trend": 88.232915,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 69123.15,
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        "stage": 2,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 71394.0,
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        "direction": 63.718561,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 68842.75,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": 15.495934,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 71114.05,
        "trend": 93.549541,
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        "relative_strength": 24.959104,
        "stage": 2,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 65640.75,
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        "fair_value": 62.016649,
        "relative_strength": 23.119855,
        "stage": 2,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.668199,
        "energy": 40.818528,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 107.2124,
        "volume": 112114,
        "typical_volume": 67711.45,
        "trend": 97.470551,
        "fair_value": 62.40616,
        "relative_strength": 13.137433,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.059368,
        "energy": 35.924114,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 111.4486,
        "volume": 111727,
        "typical_volume": 70710.85,
        "trend": 98.625945,
        "fair_value": 62.79874,
        "relative_strength": 15.230427,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 41.611399,
        "energy": 28.439216,
        "activity_lines": [
          112.962358,
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          104.332927
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      },
      {
        "date": "2026-07-17",
        "close": 100.5876,
        "volume": 93454,
        "typical_volume": 72962.4,
        "trend": 99.395994,
        "fair_value": 63.132655,
        "relative_strength": 5.150402,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 23.848093,
        "energy": 16.313283,
        "activity_lines": [
          108.261649,
          110.853392,
          108.218546,
          104.459485
        ]
      },
      {
        "date": "2026-07-24",
        "close": 99.4123,
        "volume": 30444,
        "typical_volume": 66102.6,
        "trend": 100.026883,
        "fair_value": 63.434996,
        "relative_strength": 4.07499,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.498248,
        "energy": 16.203531,
        "activity_lines": [
          104.112833,
          108.659463,
          107.905636,
          104.460537
        ]
      },
      {
        "date": "2026-07-31",
        "close": 101.4952,
        "volume": 31066,
        "typical_volume": 57770.8,
        "trend": 100.59295,
        "fair_value": 63.772686,
        "relative_strength": 4.569943,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 6.293095,
        "energy": 14.186979,
        "activity_lines": [
          102.466507,
          106.982731,
          107.727253,
          104.555267
        ]
      },
      {
        "date": "2026-08-07",
        "close": 106.0655,
        "volume": 31420,
        "typical_volume": 57612.35,
        "trend": 101.223006,
        "fair_value": 64.155799,
        "relative_strength": 5.060186,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.397465,
        "energy": 14.757876,
        "activity_lines": [
          103.1446,
          106.290351,
          107.902302,
          104.908335
        ]
      }
    ],
    "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."
    }
  }
}