{
  "ticker": {
    "uuid": "ba13df73-59b0-47de-9726-736f5f0acb4f",
    "symbol": "QQQ",
    "name": "Invesco QQQ Trust",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 34.528,
    "architecture_energy": 26.771,
    "architecture_maturity": 64.913,
    "architecture_confidence": 93.363,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 40.97,
        "rotation_up": 28.44,
        "upward_expansion": 60.31,
        "deceleration": 85.47,
        "rotation_down": 33.86,
        "downward_expansion": 19.31
      },
      "activity_lines": [
        12166.8,
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        11936.564598
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 12364.200195,
    "trend_reference": 11513.208073,
    "distance_from_trend": 0.073914,
    "trend_direction": "Improving",
    "fair_value": 9527.849907,
    "distance_from_fair_value": 0.29769,
    "fair_value_direction": "Weakening",
    "relative_strength": 6.836878,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.178266,
    "excess_performance": 0.232933,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.073914,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.0371,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.29769,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.054521,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.068369,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.050284,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.178266,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.250271,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 20268,
      "relative_activity": 0.349942,
      "balance": 2.250271,
      "dry_up": 0.779743,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.03976,
      "annualized_volatility": 0.191383,
      "from_high_reference": -0.048907,
      "from_low_reference": 0.226851
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    "levels": {
      "trend_reference": 11513.208073,
      "fair_value_reference": 9527.849907,
      "structural_low": 10078.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.001295,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.015027,
        "regime_survival": 0.3,
        "best_return": 0.08189,
        "worst_return": -0.065609,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.035401,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.004991,
        "regime_survival": 0.142857,
        "best_return": 0.238989,
        "worst_return": -0.097817,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.111475,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.065861,
        "regime_survival": 0.0,
        "best_return": 0.294311,
        "worst_return": -0.065879,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.199016,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.182378,
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        "best_return": 0.206953,
        "worst_return": -0.279204,
        "sufficient": false
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    ],
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        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": 0.120679,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-08-23",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
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        "tenure": "Extended",
        "return": 0.040881,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.095212,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.018784,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
        "return": 0.036038,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-11-28",
        "tenure": "Established",
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        "active": false
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        "regime": "deceleration",
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        "active": true
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 9452.656018,
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 9488.458286,
        "relative_strength": 3.14585,
        "stage": 2,
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        "modifier": "Recompressing",
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        "direction": 34.108267,
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      },
      {
        "date": "2026-08-07",
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        "typical_volume": 57918.15,
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        "fair_value": 9527.849907,
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    ],
    "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."
    }
  }
}