{
  "ticker": {
    "uuid": "ac33d318-8cc0-4d6e-aaca-130481bfd8e3",
    "symbol": "SCAP",
    "name": "INFRASTRUCTURE CAPITAL SMALL CAP INCOME 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": 60.191,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 46.485,
    "architecture_energy": 23.787,
    "architecture_maturity": 38.902,
    "architecture_confidence": 78.038,
    "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": 43.71,
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        "upward_expansion": 54.85,
        "deceleration": 88.87,
        "rotation_down": 25.88,
        "downward_expansion": 18.51
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
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    "latest_close": 38.8897,
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    "fair_value_direction": "Stable",
    "relative_strength": -2.847499,
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    "excess_performance": -0.086194,
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        "label": "Trend direction",
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        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
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        "value": 0.21447,
        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.0,
        "read": "Moving away"
      },
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        "label": "Relative Strength vs benchmark",
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        "value": -0.028475,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
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        "value": -0.027121,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
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        "value": 0.039431,
        "read": "Positive"
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        "label": "Volume balance",
        "positive": false,
        "value": 0.735462,
        "read": "Supply-led"
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      "accumulation_observations": 3,
      "distribution_observations": 3
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      "from_high_reference": -0.027332,
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      "fair_value_reference": 32.021939,
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Extended",
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        "activity_lines": [
          33.990087,
          35.081212,
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        ]
      },
      {
        "date": "2026-04-03",
        "close": 34.737641,
        "volume": 11537,
        "typical_volume": 17342.35,
        "trend": 34.77732,
        "fair_value": 31.152402,
        "relative_strength": 2.43167,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.795186,
        "energy": 43.462161,
        "activity_lines": [
          34.066483,
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          35.225204
        ]
      },
      {
        "date": "2026-04-10",
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        "typical_volume": 17006.95,
        "trend": 34.839752,
        "fair_value": 31.189804,
        "relative_strength": 1.551182,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -14.318917,
        "energy": 27.635791,
        "activity_lines": [
          34.584702,
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        ]
      },
      {
        "date": "2026-04-17",
        "close": 37.176078,
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        "typical_volume": 16908.7,
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        "fair_value": 31.238472,
        "relative_strength": 1.127953,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
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        "direction": 46.303904,
        "energy": 22.312383,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 36.953568,
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        "typical_volume": 16713.65,
        "trend": 35.049845,
        "fair_value": 31.284562,
        "relative_strength": -0.023626,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 16606.25,
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        "fair_value": 31.332143,
        "relative_strength": -0.193781,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 44.319493,
        "activity_lines": [
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          35.707117
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 16305.3,
        "trend": 35.373694,
        "fair_value": 31.385994,
        "relative_strength": -0.135385,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 68.414501,
        "activity_lines": [
          37.362915,
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      },
      {
        "date": "2026-05-15",
        "close": 36.814793,
        "volume": 19988,
        "typical_volume": 16934.1,
        "trend": 35.52286,
        "fair_value": 31.42874,
        "relative_strength": -3.67046,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 60.092602,
        "energy": 64.250608,
        "activity_lines": [
          37.288206,
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          36.174404,
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        ]
      },
      {
        "date": "2026-05-22",
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        "volume": 11857,
        "typical_volume": 17183.2,
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        "fair_value": 31.475309,
        "relative_strength": -2.961975,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.70417,
        "energy": 57.184392,
        "activity_lines": [
          37.331814,
          36.832899,
          36.29225,
          36.110994
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      },
      {
        "date": "2026-05-29",
        "close": 38.223025,
        "volume": 7867,
        "typical_volume": 16092.15,
        "trend": 35.829119,
        "fair_value": 31.527617,
        "relative_strength": -2.198214,
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        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 70.926354,
        "energy": 58.936173,
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          36.27642
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      },
      {
        "date": "2026-06-05",
        "close": 37.488556,
        "volume": 10244,
        "typical_volume": 14882.95,
        "trend": 35.949842,
        "fair_value": 31.573471,
        "relative_strength": -1.601989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.688462,
        "energy": 40.401616,
        "activity_lines": [
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          37.38344,
          36.590658,
          36.38348
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      },
      {
        "date": "2026-06-12",
        "close": 39.262034,
        "volume": 11401,
        "typical_volume": 14717.1,
        "trend": 36.137597,
        "fair_value": 31.632162,
        "relative_strength": 2.399579,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.346624,
        "energy": 61.620065,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
        "close": 39.361692,
        "volume": 9570,
        "typical_volume": 14353.45,
        "trend": 36.344558,
        "fair_value": 31.690719,
        "relative_strength": 1.678467,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 73.756019,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 13663.45,
        "trend": 36.488031,
        "fair_value": 31.74386,
        "relative_strength": 2.497229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.744348,
        "energy": 63.370797,
        "activity_lines": [
          38.815016,
          38.321295,
          37.341859,
          36.960911
        ]
      },
      {
        "date": "2026-07-03",
        "close": 38.571836,
        "volume": 7878,
        "typical_volume": 12798.6,
        "trend": 36.611299,
        "fair_value": 31.794815,
        "relative_strength": -0.125989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.492581,
        "energy": 63.155365,
        "activity_lines": [
          38.799378,
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          37.517996,
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      },
      {
        "date": "2026-07-10",
        "close": 38.102719,
        "volume": 18928,
        "typical_volume": 12275.45,
        "trend": 36.69823,
        "fair_value": 31.84154,
        "relative_strength": -2.588833,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.839316,
        "energy": 41.656763,
        "activity_lines": [
          38.604113,
          38.429019,
          37.643306,
          37.191571
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      },
      {
        "date": "2026-07-17",
        "close": 37.707218,
        "volume": 5262,
        "typical_volume": 11812.5,
        "trend": 36.784139,
        "fair_value": 31.88467,
        "relative_strength": -2.030465,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.987701,
        "energy": 27.913988,
        "activity_lines": [
          38.236071,
          38.337784,
          37.727578,
          37.256667
        ]
      },
      {
        "date": "2026-07-24",
        "close": 38.148915,
        "volume": 16702,
        "typical_volume": 11977.1,
        "trend": 36.868623,
        "fair_value": 31.930394,
        "relative_strength": -0.305767,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.342961,
        "energy": 21.785042,
        "activity_lines": [
          38.118915,
          38.334315,
          37.848054,
          37.344717
        ]
      },
      {
        "date": "2026-07-31",
        "close": 37.6958,
        "volume": 13796,
        "typical_volume": 11197.0,
        "trend": 36.9439,
        "fair_value": 31.972173,
        "relative_strength": -2.529071,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.849772,
        "energy": 19.655822,
        "activity_lines": [
          37.931573,
          38.224205,
          37.911158,
          37.398083
        ]
      },
      {
        "date": "2026-08-07",
        "close": 38.8897,
        "volume": 4726,
        "typical_volume": 10837.5,
        "trend": 37.018538,
        "fair_value": 32.021939,
        "relative_strength": -2.847499,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.48507,
        "energy": 23.787019,
        "activity_lines": [
          38.21304,
          38.325601,
          38.070535,
          37.523619
        ]
      }
    ],
    "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."
    }
  }
}