{
  "ticker": {
    "uuid": "b3c95a93-b53e-448e-834f-77accb744a3f",
    "symbol": "ISWN",
    "name": "AMPLIFY ETF TRUST AMPLIFY BLACKSWAN ISWN 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 55.713,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 59.14,
    "architecture_energy": 28.634,
    "architecture_maturity": 36.494,
    "architecture_confidence": 67.22,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 34.61,
        "rotation_up": 46.06,
        "upward_expansion": 73.42,
        "deceleration": 58.38,
        "rotation_down": 24.39,
        "downward_expansion": 7.08
      },
      "activity_lines": [
        22.28888,
        22.227183,
        22.145217,
        22.08888
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": 0.166667
    },
    "latest_close": 22.752,
    "trend_reference": 22.064236,
    "distance_from_trend": 0.031171,
    "trend_direction": "Improving",
    "fair_value": 19.289786,
    "distance_from_fair_value": 0.179484,
    "fair_value_direction": "Improving",
    "relative_strength": -6.182782,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.019764,
    "excess_performance": -0.105861,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.031171,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.015134,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.179484,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.006698,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.061828,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.000702,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.019764,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.160145,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 9690,
      "relative_activity": 0.870757,
      "balance": 2.160145,
      "dry_up": 0.839395,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.028342,
      "annualized_volatility": 0.146934,
      "from_high_reference": -0.063049,
      "from_low_reference": 0.129289
    },
    "levels": {
      "trend_reference": 22.064236,
      "fair_value_reference": 19.289786,
      "structural_low": 20.878518,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.001903,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.011837,
        "regime_survival": 0.8,
        "best_return": 0.025271,
        "worst_return": -0.048933,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.069487,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.045166,
        "regime_survival": 0.5,
        "best_return": -0.027643,
        "worst_return": -0.111331,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.00028,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.075166,
        "regime_survival": 0.0,
        "best_return": -0.00028,
        "worst_return": -0.00028,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.037014,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.171288,
        "regime_survival": 0.0,
        "best_return": 0.037014,
        "worst_return": 0.037014,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-15",
        "end": "2024-01-19",
        "tenure": "Developing",
        "return": -0.009128,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-26",
        "end": "2024-04-12",
        "tenure": "Developing",
        "return": -0.006725,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-24",
        "tenure": "Developing",
        "return": 0.056405,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-10-18",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-25",
        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.015393,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-15",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": 0.023516,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.063221,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
        "return": -0.048095,
        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.041914,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Extended",
        "return": 0.083911,
        "active": false
      },
      {
        "regime": "deceleration",
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        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.000187,
        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
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        "return": 0.06452,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-08-07",
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        "return": 0.004508,
        "active": true
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        "relative_strength": -1.226028,
        "stage": 2,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "energy": 11.123823,
        "activity_lines": [
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        "modifier": "Balance after decline",
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      },
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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        "stage": 3,
        "regime": "balance",
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        "direction": 44.994692,
        "energy": 23.482079,
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 19.139259,
        "relative_strength": -5.403313,
        "stage": 3,
        "regime": "balance",
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        "volume": 7813,
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        "trend": 21.962327,
        "fair_value": 19.167843,
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        "stage": 3,
        "regime": "balance",
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      },
      {
        "date": "2026-07-17",
        "close": 22.0238,
        "volume": 7772,
        "typical_volume": 12123.8,
        "trend": 21.987953,
        "fair_value": 19.195354,
        "relative_strength": -5.969109,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 43.509133,
        "energy": 19.621365,
        "activity_lines": [
          22.159402,
          22.128793,
          22.050274,
          22.038547
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.86,
        "volume": 6802,
        "typical_volume": 11555.7,
        "trend": 22.002891,
        "fair_value": 19.222199,
        "relative_strength": -5.976248,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 22.725426,
        "energy": 8.968985,
        "activity_lines": [
          22.045497,
          22.09219,
          22.044432,
          22.030292
        ]
      },
      {
        "date": "2026-07-31",
        "close": 22.1886,
        "volume": 13100,
        "typical_volume": 11709.25,
        "trend": 22.029585,
        "fair_value": 19.253509,
        "relative_strength": -5.449379,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 31.985719,
        "energy": 12.974079,
        "activity_lines": [
          22.073673,
          22.110687,
          22.069937,
          22.042273
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.752,
        "volume": 9690,
        "typical_volume": 11128.25,
        "trend": 22.064236,
        "fair_value": 19.289786,
        "relative_strength": -6.182782,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 59.140482,
        "energy": 28.634459,
        "activity_lines": [
          22.28888,
          22.227183,
          22.145217,
          22.08888
        ]
      }
    ],
    "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."
    }
  }
}