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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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "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": 43.066, "architecture_energy": 29.406, "architecture_maturity": 68.88, "architecture_confidence": 58.106, "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": 36.73, "rotation_up": 39.36, "upward_expansion": 64.89, "deceleration": 64.84, "rotation_down": 24.59, "downward_expansion": 14.89 }, "activity_lines": [ 1042.725333, 1045.023273, 1021.601897, 985.611283 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 1039.61, "trend_reference": 949.14216, "distance_from_trend": 0.095315, "trend_direction": "Improving", "fair_value": 608.751855, "distance_from_fair_value": 0.707773, "fair_value_direction": "Improving", "relative_strength": 5.138342, "relative_strength_direction": "Weakening", "price_momentum": 0.130039, "excess_performance": 0.004414, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.095315, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075581, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.707773, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.007721, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.051383, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.002608, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.130039, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.255502, "read": "Demand-led" } ], "volume": { "latest": 9164589, "relative_activity": 0.912372, "balance": 3.255502, "dry_up": 1.050158, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.071039, "annualized_volatility": 0.258158, "from_high_reference": -0.099117, "from_low_reference": 0.502848 }, "levels": { "trend_reference": 949.14216, "fair_value_reference": 608.751855, 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13.083487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.487023, "energy": 43.516504, "activity_lines": [ 1052.945333, 1050.728109, 1009.858928, 974.594409 ] }, { "date": "2026-07-31", "close": 1018.38, "volume": 11800189, "typical_volume": 10149760.4, "trend": 945.49217, "fair_value": 604.124577, "relative_strength": 6.965224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.425155, "energy": 33.67625, "activity_lines": [ 1044.256, 1046.181229, 1015.289728, 979.539165 ] }, { "date": "2026-08-07", "close": 1039.61, "volume": 9164589, "typical_volume": 10044796.15, "trend": 949.14216, "fair_value": 608.751855, "relative_strength": 5.138342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.066335, "energy": 29.405761, "activity_lines": [ 1042.725333, 1045.023273, 1021.601897, 985.611283 ] } ], "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." } } }