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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": 65.503, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 47.927, "architecture_energy": 24.071, "architecture_maturity": 48.239, "architecture_confidence": 76.249, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. 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"gate": "up", "direction": 60.363896, "energy": 50.699857, "activity_lines": [ 142.26603, 141.380325, 138.635961, 137.413358 ] }, { "date": "2026-07-17", "close": 137.59, "volume": 3283118, "typical_volume": 4417226.45, "trend": 136.73849, "fair_value": 121.597937, "relative_strength": -8.804495, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.440237, "energy": 28.59757, "activity_lines": [ 140.814667, 140.869183, 138.763864, 137.466281 ] }, { "date": "2026-07-24", "close": 136.73, "volume": 5577000, "typical_volume": 4473361.8, "trend": 136.648005, "fair_value": 121.847832, "relative_strength": -8.492921, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.349095, "energy": 17.452774, "activity_lines": [ 139.28, 140.195211, 138.804859, 137.465734 ] }, { "date": "2026-07-31", "close": 137.04, "volume": 2706359, "typical_volume": 4295674.9, "trend": 136.616113, "fair_value": 122.117049, "relative_strength": -8.915404, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.968067, "energy": 18.589929, "activity_lines": [ 138.196667, 139.563707, 138.859681, 137.491024 ] }, { "date": "2026-08-07", "close": 144.12, "volume": 3446075, "typical_volume": 4246654.8, "trend": 136.728363, "fair_value": 122.43823, "relative_strength": -7.168052, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.927217, "energy": 24.071056, "activity_lines": [ 139.778667, 140.260239, 139.552551, 137.975145 ] } ], "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." } } }