{ "ticker": { "uuid": "b309fbf8-3946-4211-a59d-a884ab43cd83", "symbol": "SPX4", "name": "State Street SPDR S&P 400 US Mid Cap UCITS ETF", "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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 59.761, "architecture_energy": 41.861, "architecture_maturity": 53.724, "architecture_confidence": 60.123, "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": 24.67, "rotation_up": 40.95, "upward_expansion": 64.87, "deceleration": 68.1, "rotation_down": 26.55, "downward_expansion": 17.2 }, "activity_lines": [ 88.236333, 88.303181, 87.132333, 85.612204 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 89.625, "trend_reference": 83.782166, "distance_from_trend": 0.069738, "trend_direction": "Improving", "fair_value": 73.425833, "distance_from_fair_value": 0.220619, "fair_value_direction": "Improving", "relative_strength": 2.969338, "relative_strength_direction": "Weakening", "price_momentum": 0.103009, "excess_performance": 0.051774, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069738, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047327, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.220619, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.039334, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.029693, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.01186, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.103009, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.234786, "read": "Demand-led" } ], "volume": { "latest": 20198, "relative_activity": 0.659493, "balance": 2.234786, "dry_up": 0.542291, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.024444, "annualized_volatility": 0.118901, "from_high_reference": -0.01727, "from_low_reference": 0.254766 }, "levels": { "trend_reference": 83.782166, "fair_value_reference": 73.425833, "structural_low": 75.889999, "invalidation": "A 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85.333333, 83.92201 ] }, { "date": "2026-07-10", "close": 87.589996, "volume": 22679, "typical_volume": 35873.25, "trend": 82.399999, "fair_value": 72.802821, "relative_strength": 4.690357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.065559, "energy": 74.037733, "activity_lines": [ 88.591999, 87.807454, 85.710356, 84.277903 ] }, { "date": "2026-07-17", "close": 87.160004, "volume": 8315, "typical_volume": 34437.55, "trend": 82.724999, "fair_value": 72.951795, "relative_strength": 3.129259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.585214, "energy": 54.782757, "activity_lines": [ 88.087001, 87.853818, 86.022333, 84.585 ] }, { "date": "2026-07-24", "close": 88.849998, "volume": 12041, "typical_volume": 32386.05, "trend": 83.114999, "fair_value": 73.111346, "relative_strength": 3.741597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.098985, "energy": 51.257535, "activity_lines": [ 88.204, 88.153545, 86.471571, 84.980161 ] }, { "date": "2026-07-31", "close": 86.739998, "volume": 25880, "typical_volume": 31575.05, "trend": 83.453333, "fair_value": 73.257147, "relative_strength": 0.035565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.213778, "energy": 33.605919, "activity_lines": [ 87.637666, 87.985636, 86.684857, 85.214032 ] }, { "date": "2026-08-07", "close": 89.625, "volume": 20198, "typical_volume": 30626.55, "trend": 83.782166, "fair_value": 73.425833, "relative_strength": 2.969338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.760698, "energy": 41.861326, "activity_lines": [ 88.236333, 88.303181, 87.132333, 85.612204 ] } ], "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." } } }