{ "ticker": { "uuid": "af00338f-9622-4a74-863a-d0c97bdc3f8c", "symbol": "XSPX", "name": "Xtrackers S&P 500 Swap UCITS ETF 1C", "exchange": "LSE", "country": "GB", "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": "^FTSE", "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": 80.705, "architecture_energy": 54.848, "architecture_maturity": 80.486, "architecture_confidence": 66.131, "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": 26.3, "rotation_up": 48.01, "upward_expansion": 79.6, "deceleration": 71.44, "rotation_down": 29.17, "downward_expansion": 8.6 }, "activity_lines": [ 11352.266667, 11331.272727, 11222.304762, 10998.107527 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 11614.5, "trend_reference": 10728.883333, "distance_from_trend": 0.082545, "trend_direction": "Improving", "fair_value": 9045.844676, "distance_from_fair_value": 0.28396, "fair_value_direction": "Improving", "relative_strength": 1.996382, "relative_strength_direction": "Weakening", "price_momentum": 0.140801, "excess_performance": 0.089566, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.082545, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033915, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.28396, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.022694, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.019964, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.0154, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.140801, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.220729, "read": "Demand-led" } ], "volume": { "latest": 9925, "relative_activity": 1.036088, "balance": 2.220729, "dry_up": 1.437318, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.019337, "annualized_volatility": 0.122454, "from_high_reference": -0.146919, "from_low_reference": 0.231654 }, "levels": { "trend_reference": 10728.883333, "fair_value_reference": 9045.844676, 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10493, "typical_volume": 16788.6, "trend": 10657.55, "fair_value": 8988.194035, "relative_strength": 0.562879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.035963, "energy": 53.166287, "activity_lines": [ 11289.7, 11302.036364, 11128.140476, 10907.249462 ] }, { "date": "2026-07-31", "close": 11140.5, "volume": 18796, "typical_volume": 9582.1, "trend": 10689.15, "fair_value": 9015.277369, "relative_strength": -1.828113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.523946, "energy": 40.83737, "activity_lines": [ 11237.833333, 11272.590909, 11155.090476, 10938.407527 ] }, { "date": "2026-08-07", "close": 11614.5, "volume": 9925, "typical_volume": 9579.3, "trend": 10728.883333, "fair_value": 9045.844676, "relative_strength": 1.996382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.704888, "energy": 54.847629, "activity_lines": [ 11352.266667, 11331.272727, 11222.304762, 10998.107527 ] } ], "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." } } }