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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "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": 76.582, "architecture_energy": 89.11, "architecture_maturity": 41.823, "architecture_confidence": 81.487, "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": 0.69, "rotation_up": 83.59, "upward_expansion": 99.5, "deceleration": 39.21, "rotation_down": 9.43, "downward_expansion": 21.5 }, "activity_lines": [ 317.076667, 307.406545, 293.832967, 284.43235 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 321.38, "trend_reference": 274.031873, "distance_from_trend": 0.172783, "trend_direction": "Improving", "fair_value": 250.34999, "distance_from_fair_value": 0.283723, "fair_value_direction": "Improving", "relative_strength": 6.720916, "relative_strength_direction": "Improving", "price_momentum": 0.175491, "excess_performance": 0.049866, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.172783, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05425, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.283723, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.153107, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.067209, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.13833, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.175491, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.090668, "read": "Demand-led" } ], "volume": { "latest": 1081368, "relative_activity": 1.155521, "balance": 2.090668, "dry_up": 0.953265, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.042485, "annualized_volatility": 0.225383, "from_high_reference": -0.018027, "from_low_reference": 0.409374 }, "levels": { "trend_reference": 274.031873, "fair_value_reference": 250.34999, "structural_low": 228.030362, 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"typical_volume": 960798.15, "trend": 268.149529, "fair_value": 248.138442, "relative_strength": 7.479163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.04322, "energy": 88.718098, "activity_lines": [ 300.778667, 291.21135, 281.617004, 275.039925 ] }, { "date": "2026-07-24", "close": 314.59, "volume": 764325, "typical_volume": 953500.05, "trend": 270.039838, "fair_value": 248.860238, "relative_strength": 9.46339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.802095, "energy": 91.713513, "activity_lines": [ 307.12, 296.620909, 285.602417, 278.036084 ] }, { "date": "2026-07-31", "close": 319.96, "volume": 869574, "typical_volume": 947815.45, "trend": 272.158038, "fair_value": 249.598476, "relative_strength": 10.052043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.64604, "energy": 91.312547, "activity_lines": [ 313.064, 302.250182, 289.821286, 281.25674 ] }, { "date": "2026-08-07", "close": 321.38, "volume": 1081368, "typical_volume": 935827.55, "trend": 274.031873, "fair_value": 250.34999, "relative_strength": 6.720916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.581726, "energy": 89.109803, "activity_lines": [ 317.076667, 307.406545, 293.832967, 284.43235 ] } ], "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." } } }