{
  "ticker": {
    "uuid": "af027e2d-5279-4654-af67-401ba5cbbf01",
    "symbol": "CUEH",
    "name": "CIBC MSCI USA Equity Index ETF (CAD-Hedged)",
    "exchange": "TOR",
    "country": "CA",
    "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": "^GSPTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 72.202,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 74.699,
    "architecture_energy": 50.732,
    "architecture_maturity": 56.264,
    "architecture_confidence": 62.82,
    "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": 33.6,
        "rotation_up": 48.23,
        "upward_expansion": 78.36,
        "deceleration": 67.92,
        "rotation_down": 27.56,
        "downward_expansion": 7.36
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
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    "latest_close": 28.43,
    "trend_reference": 26.586374,
    "distance_from_trend": 0.069345,
    "trend_direction": "Improving",
    "fair_value": 22.314243,
    "distance_from_fair_value": 0.274074,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.679911,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.108896,
    "excess_performance": -0.011525,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.069345,
        "read": "Above"
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      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02958,
        "read": "Rising"
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      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.274074,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.012739,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.026799,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.01104,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.108896,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.576375,
        "read": "Demand-led"
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      "relative_activity": 10.222222,
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      "dry_up": 4.240143,
      "accumulation_observations": 1,
      "distribution_observations": 1
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      "annualized_volatility": 0.133871,
      "from_high_reference": -0.015582,
      "from_low_reference": 0.203998
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      "fair_value_reference": 22.314243,
      "structural_low": 23.613001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "sample_count": 19,
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        "energy": 44.552168,
        "activity_lines": [
          27.631022,
          27.677699,
          27.064905,
          26.648568
        ]
      },
      {
        "date": "2026-07-10",
        "close": 28.139999,
        "volume": 3500,
        "typical_volume": 2195.0,
        "trend": 26.310194,
        "fair_value": 22.043018,
        "relative_strength": -1.543424,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.809135,
        "energy": 54.55999,
        "activity_lines": [
          27.795581,
          27.768727,
          27.226082,
          26.772246
        ]
      },
      {
        "date": "2026-07-17",
        "close": 27.74,
        "volume": 1900,
        "typical_volume": 1835.0,
        "trend": 26.384713,
        "fair_value": 22.113191,
        "relative_strength": -2.644073,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.251679,
        "energy": 46.376826,
        "activity_lines": [
          27.791501,
          27.771233,
          27.337013,
          26.864491
        ]
      },
      {
        "date": "2026-07-24",
        "close": 27.559999,
        "volume": 44900,
        "typical_volume": 3490.0,
        "trend": 26.43755,
        "fair_value": 22.178029,
        "relative_strength": -3.351015,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.027747,
        "energy": 42.318485,
        "activity_lines": [
          27.722108,
          27.737023,
          27.420649,
          26.940316
        ]
      },
      {
        "date": "2026-07-31",
        "close": 27.709999,
        "volume": 200,
        "typical_volume": 3485.0,
        "trend": 26.504617,
        "fair_value": 22.243828,
        "relative_strength": -2.209348,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.569005,
        "energy": 42.792083,
        "activity_lines": [
          27.736666,
          27.726469,
          27.506949,
          27.02241
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.43,
        "volume": 71300,
        "typical_volume": 6975.0,
        "trend": 26.586374,
        "fair_value": 22.314243,
        "relative_strength": -2.679911,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.698663,
        "energy": 50.732317,
        "activity_lines": [
          27.952666,
          27.848278,
          27.647869,
          27.146628
        ]
      }
    ],
    "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."
    }
  }
}