{ "ticker": { "uuid": "b89a554c-8143-4e65-8de6-c224633a4618", "symbol": "WIA", "name": "Western Asset Inflation-Linked Income Fund", "exchange": "NYSE", "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": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 60.338, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -54.827, "architecture_energy": 57.215, "architecture_maturity": 4.45, "architecture_confidence": 90.328, "architecture_tenure": "New", "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": 25.39, "rotation_up": 12.68, "upward_expansion": 14.8, "deceleration": 34.87, "rotation_down": 65.28, "downward_expansion": 85.8 }, "activity_lines": [ 7.952875, 7.980074, 8.005171, 8.01185 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 7.98, "trend_reference": 8.025184, "distance_from_trend": -0.00563, "trend_direction": "Improving", "fair_value": 7.408499, "distance_from_fair_value": 0.077141, "fair_value_direction": "Weakening", "relative_strength": -11.318516, "relative_strength_direction": "Weakening", "price_momentum": -0.01728, "excess_performance": -0.142905, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.00563, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.000148, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.077141, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.027309, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.113185, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.014598, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.01728, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.430068, "read": "Supply-led" } ], "volume": { "latest": 93554, "relative_activity": 0.483815, "balance": 0.430068, "dry_up": 0.957358, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.010901, "annualized_volatility": 0.047762, "from_high_reference": -0.030088, "from_low_reference": 0.023758 }, "levels": { "trend_reference": 8.025184, "fair_value_reference": 7.408499, "structural_low": 7.848775, "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": 15, "median_return": -0.015625, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.010198, "regime_survival": 0.8, "best_return": 0.095129, "worst_return": -0.066301, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.011389, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.039638, "regime_survival": 0.6, "best_return": 0.076312, "worst_return": -0.137234, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.071395, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.064752, "regime_survival": 0.333333, "best_return": 0.053902, "worst_return": -0.094342, "sufficient": false }, { 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7.98, "volume": 93554, "typical_volume": 193367.3, "trend": 8.025184, "fair_value": 7.408499, "relative_strength": -11.318516, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.826929, "energy": 57.214878, "activity_lines": [ 7.952875, 7.980074, 8.005171, 8.01185 ] } ], "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." } } }