{
  "ticker": {
    "uuid": "adc1fd7a-582e-4326-ae06-7a1bdd329fda",
    "symbol": "IVW",
    "name": "ISHARES TRUST S&P 500 GROWTH 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": 94.497,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 71.759,
    "architecture_energy": 41.826,
    "architecture_maturity": 36.509,
    "architecture_confidence": 63.843,
    "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": 31.66,
        "rotation_up": 45.51,
        "upward_expansion": 76.17,
        "deceleration": 68.14,
        "rotation_down": 26.19,
        "downward_expansion": 5.17
      },
      "activity_lines": [
        137.14,
        136.322396,
        135.230253,
        131.85302
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 142.1,
    "trend_reference": 127.97493,
    "distance_from_trend": 0.110374,
    "trend_direction": "Improving",
    "fair_value": 101.105213,
    "distance_from_fair_value": 0.405467,
    "fair_value_direction": "Weakening",
    "relative_strength": 1.70822,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.174318,
    "excess_performance": 0.048693,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.110374,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036153,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.405467,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.015879,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.017082,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.009388,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.174318,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.341725,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6217475,
      "relative_activity": 0.50732,
      "balance": 1.341725,
      "dry_up": 0.547428,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.039289,
      "annualized_volatility": 0.209093,
      "from_high_reference": -0.008097,
      "from_low_reference": 0.315356
    },
    "levels": {
      "trend_reference": 127.97493,
      "fair_value_reference": 101.105213,
      "structural_low": 108.031596,
      "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": 0.048439,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.000277,
        "regime_survival": 0.5,
        "best_return": 0.104895,
        "worst_return": -0.050436,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.078492,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.007043,
        "regime_survival": 0.0,
        "best_return": 0.15028,
        "worst_return": 0.010907,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.167041,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.021689,
        "regime_survival": 0.0,
        "best_return": 0.184887,
        "worst_return": -0.004435,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.238282,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.03347,
        "regime_survival": 0.333333,
        "best_return": 0.300359,
        "worst_return": -0.216373,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": 0.001509,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.077674,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-27",
        "end": "2025-03-21",
        "tenure": "Established",
        "return": -0.001256,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.023339,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.174768,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.021197,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.050907,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2026-02-06",
        "tenure": "Extended",
        "return": 0.097469,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-03-06",
        "tenure": "New",
        "return": -0.009159,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "tenure": "New",
        "return": -0.060285,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "New",
        "return": 0.131694,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
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        "active": true
      }
    ],
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        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 16849734.15,
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        "fair_value": 99.821344,
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        "stage": 2,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 14863222.25,
        "trend": 126.98203,
        "fair_value": 100.215834,
        "relative_strength": -0.482933,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.765349,
        "energy": 29.582429,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 135.25,
        "volume": 7372356,
        "typical_volume": 13221563.05,
        "trend": 127.386275,
        "fair_value": 100.637812,
        "relative_strength": 0.230448,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.531033,
        "energy": 27.107942,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 142.1,
        "volume": 6217475,
        "typical_volume": 12255536.4,
        "trend": 127.97493,
        "fair_value": 101.105213,
        "relative_strength": 1.70822,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 71.758962,
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        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}