{
  "ticker": {
    "uuid": "bb4f2528-acce-47a2-a6d1-f30f9bd3919a",
    "symbol": "SP5C",
    "name": "Amundi Core S&P 500 Swap UCITS ETF Acc",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 90.035,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 75.591,
    "architecture_energy": 75.043,
    "architecture_maturity": 12.044,
    "architecture_confidence": 74.917,
    "architecture_tenure": "New",
    "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": 16.72,
        "rotation_up": 77.87,
        "upward_expansion": 91.39,
        "deceleration": 42.08,
        "rotation_down": 8.99,
        "downward_expansion": 15.72
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 563.859985,
    "trend_reference": 512.346633,
    "distance_from_trend": 0.100544,
    "trend_direction": "Improving",
    "fair_value": 421.552777,
    "distance_from_fair_value": 0.337579,
    "fair_value_direction": "Improving",
    "relative_strength": 4.329588,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.13075,
    "excess_performance": 0.079515,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.100544,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.023354,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.337579,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.008256,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.043296,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.017098,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.13075,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.454983,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 143249,
      "relative_activity": 0.950005,
      "balance": 1.454983,
      "dry_up": 0.496194,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.043288,
      "annualized_volatility": 0.27719,
      "from_high_reference": -0.003746,
      "from_low_reference": 0.339306
    },
    "levels": {
      "trend_reference": 512.346633,
      "fair_value_reference": 421.552777,
      "structural_low": 461.660004,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.01141,
        "positive_rate": 0.692308,
        "directional_follow_through": 0.692308,
        "median_excess_return": 0.009201,
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        "best_return": 0.064452,
        "worst_return": -0.146523,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
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        "worst_return": -0.063211,
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        "horizon": "Extended",
        "sample_count": 8,
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        "worst_return": -0.157366,
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        "horizon": "Full cycle",
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        "worst_return": -0.090184,
        "sufficient": false
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        "active": false
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        "color": "blue",
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      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 152156.9,
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        "relative_strength": 3.384825,
        "stage": 2,
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        "direction": 58.995415,
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      },
      {
        "date": "2026-07-24",
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        "volume": 49211,
        "typical_volume": 150936.3,
        "trend": 508.783301,
        "fair_value": 418.509412,
        "relative_strength": 1.71175,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 540.179993,
        "volume": 62267,
        "typical_volume": 150328.25,
        "trend": 510.3013,
        "fair_value": 419.939572,
        "relative_strength": 0.303446,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.576474,
        "energy": 52.188557,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 563.859985,
        "volume": 143249,
        "typical_volume": 150787.7,
        "trend": 512.346633,
        "fair_value": 421.552777,
        "relative_strength": 4.329588,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.590861,
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        "activity_lines": [
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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."
    }
  }
}