{
  "ticker": {
    "uuid": "bba2ee35-1504-492c-be68-089859c75069",
    "symbol": "QVOY",
    "name": "Q3 ALL-SEASON ACTIVE ROTATION ETF",
    "exchange": "CBOE",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 48.361,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 7.111,
    "architecture_energy": 15.859,
    "architecture_maturity": 48.32,
    "architecture_confidence": 80.743,
    "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": 59.55,
        "rotation_up": 16.52,
        "upward_expansion": 40.66,
        "deceleration": 86.54,
        "rotation_down": 41.01,
        "downward_expansion": 34.66
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
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    "latest_close": 29.8,
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    "distance_from_trend": 0.019197,
    "trend_direction": "Improving",
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    "distance_from_fair_value": 0.215674,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.753701,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.044654,
    "excess_performance": -0.080971,
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.019197,
        "read": "Above"
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      {
        "label": "Trend direction",
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        "value": 0.040037,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.215674,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.043189,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.047537,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.059606,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.044654,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.85074,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 234629,
      "relative_activity": 4.427789,
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      "dry_up": 1.53281,
      "accumulation_observations": 1,
      "distribution_observations": 1
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    "risk": {
      "range_context": 0.032324,
      "annualized_volatility": 0.160294,
      "from_high_reference": -0.064658,
      "from_low_reference": 0.242578
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    "levels": {
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      "fair_value_reference": 24.513152,
      "structural_low": 27.3471,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "sample_count": 3,
        "median_return": 0.035801,
        "positive_rate": 1.0,
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "downward_expansion",
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        "trend": 28.746588,
        "fair_value": 24.222888,
        "relative_strength": 3.022609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.543371,
        "energy": 53.413499,
        "activity_lines": [
          30.718527,
          30.500902,
          29.76445,
          29.3612
        ]
      },
      {
        "date": "2026-07-03",
        "close": 29.7354,
        "volume": 53736,
        "typical_volume": 47739.05,
        "trend": 28.851302,
        "fair_value": 24.276286,
        "relative_strength": -1.294147,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.102072,
        "energy": 38.597018,
        "activity_lines": [
          30.378373,
          30.41466,
          29.804624,
          29.424995
        ]
      },
      {
        "date": "2026-07-10",
        "close": 29.9023,
        "volume": 24604,
        "typical_volume": 47547.6,
        "trend": 28.961136,
        "fair_value": 24.325708,
        "relative_strength": -2.100716,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 41.345772,
        "energy": 27.189971,
        "activity_lines": [
          30.189973,
          30.3436,
          29.855948,
          29.492801
        ]
      },
      {
        "date": "2026-07-17",
        "close": 29.322,
        "volume": 25978,
        "typical_volume": 44490.0,
        "trend": 29.04986,
        "fair_value": 24.372142,
        "relative_strength": -2.500862,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.929499,
        "energy": 21.30752,
        "activity_lines": [
          29.822913,
          30.159935,
          29.849067,
          29.516083
        ]
      },
      {
        "date": "2026-07-24",
        "close": 29.2529,
        "volume": 48987,
        "typical_volume": 43333.55,
        "trend": 29.113457,
        "fair_value": 24.415857,
        "relative_strength": -2.168178,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.836394,
        "energy": 20.315214,
        "activity_lines": [
          29.53988,
          29.974916,
          29.839024,
          29.529182
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.1685,
        "volume": 15301,
        "typical_volume": 42894.85,
        "trend": 29.179883,
        "fair_value": 24.462133,
        "relative_strength": -3.509102,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.423506,
        "energy": 16.563675,
        "activity_lines": [
          29.35734,
          29.782609,
          29.815905,
          29.532733
        ]
      },
      {
        "date": "2026-08-07",
        "close": 29.8,
        "volume": 234629,
        "typical_volume": 52990.1,
        "trend": 29.2387,
        "fair_value": 24.513152,
        "relative_strength": -4.753701,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.110521,
        "energy": 15.859243,
        "activity_lines": [
          29.465267,
          29.725147,
          29.84646,
          29.572741
        ]
      }
    ],
    "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."
    }
  }
}