{ "ticker": { "uuid": "b6fa0f36-1e14-4512-aa39-6c1f45afdbd1", "symbol": "GXC", "name": "STATE STREET SPDR S&P CHINA 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 90.575, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -26.627, "architecture_energy": 18.175, "architecture_maturity": 93.072, "architecture_confidence": 74.876, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 42.57, "rotation_up": 31.57, "upward_expansion": 21.44, "deceleration": 43.87, "rotation_down": 21.75, "downward_expansion": 55.44 }, "activity_lines": [ 90.452667, 89.327699, 90.503959, 91.806883 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 92.61, "trend_reference": 94.08543, "distance_from_trend": -0.015682, "trend_direction": "Weakening", "fair_value": 79.892635, "distance_from_fair_value": 0.159181, "fair_value_direction": "Weakening", "relative_strength": -14.52255, "relative_strength_direction": "Weakening", "price_momentum": -0.085153, "excess_performance": -0.210778, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.015682, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.03433, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.159181, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.078534, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.145225, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.048062, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.085153, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.943272, "read": "Supply-led" } ], "volume": { "latest": 59165, "relative_activity": 0.403725, "balance": 0.943272, "dry_up": 0.995002, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.03553, "annualized_volatility": 0.169324, "from_high_reference": -0.122926, "from_low_reference": 0.089145 }, "levels": { "trend_reference": 94.08543, "fair_value_reference": 79.892635, "structural_low": 85.03, 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87.720291, 89.104354, 91.336776, 93.083043 ] }, { "date": "2026-07-17", "close": 87.57, "volume": 68057, "typical_volume": 142549.75, "trend": 95.024763, "fair_value": 79.539315, "relative_strength": -16.776486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.04524, "energy": 63.584383, "activity_lines": [ 87.502627, 88.545578, 90.845286, 92.579697 ] }, { "date": "2026-07-24", "close": 88.03, "volume": 381660, "typical_volume": 153908.1, "trend": 94.656097, "fair_value": 79.62437, "relative_strength": -15.533908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.595026, "energy": 48.480034, "activity_lines": [ 87.670667, 88.238492, 90.448653, 92.128422 ] }, { "date": "2026-07-31", "close": 91.43, "volume": 74380, "typical_volume": 148977.4, "trend": 94.367763, "fair_value": 79.744794, "relative_strength": -12.957369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.438632, "energy": 29.169098, "activity_lines": [ 89.049333, 88.665059, 90.408497, 91.920287 ] }, { "date": "2026-08-07", "close": 92.61, "volume": 59165, "typical_volume": 146547.95, "trend": 94.08543, "fair_value": 79.892635, "relative_strength": -14.52255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.626515, "energy": 18.174915, "activity_lines": [ 90.452667, 89.327699, 90.503959, 91.806883 ] } ], "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." } } }