{
  "ticker": {
    "uuid": "bb518eb2-93ec-43a2-aff3-1d9b0871c5cb",
    "symbol": "SPY",
    "name": "State Street SPDR S&P 500 ETF 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": 94.163,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 72.443,
    "architecture_energy": 51.05,
    "architecture_maturity": 50.808,
    "architecture_confidence": 72.33,
    "architecture_tenure": "Developing",
    "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": 25.78,
        "rotation_up": 48.69,
        "upward_expansion": 78.64,
        "deceleration": 68.83,
        "rotation_down": 27.07,
        "downward_expansion": 7.64
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 13244.0,
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    "distance_from_trend": 0.068229,
    "trend_direction": "Improving",
    "fair_value": 10773.303248,
    "distance_from_fair_value": 0.229335,
    "fair_value_direction": "Improving",
    "relative_strength": 5.029633,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.115076,
    "excess_performance": 0.169743,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.068229,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017543,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.229335,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004281,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.050296,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.0999,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.115076,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.803009,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 19862,
      "relative_activity": 0.901929,
      "balance": 7.803009,
      "dry_up": 0.525425,
      "accumulation_observations": 1,
      "distribution_observations": 0
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    "risk": {
      "range_context": 0.021548,
      "annualized_volatility": 0.124956,
      "from_high_reference": -0.00972,
      "from_low_reference": 0.160065
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    "levels": {
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      "fair_value_reference": 10773.303248,
      "structural_low": 11416.599609,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
        "sample_count": 34,
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        "positive_rate": 0.588235,
        "directional_follow_through": 0.588235,
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      },
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 10702.519231,
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      },
      {
        "date": "2026-07-31",
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        "volume": 9442,
        "typical_volume": 22689.35,
        "trend": 12372.144466,
        "fair_value": 10736.722309,
        "relative_strength": 2.690212,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 47.840811,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 13244.0,
        "volume": 19862,
        "typical_volume": 22021.7,
        "trend": 12398.091471,
        "fair_value": 10773.303248,
        "relative_strength": 5.029633,
        "stage": 2,
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        "modifier": "Established expansion",
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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."
    }
  }
}