{
  "ticker": {
    "uuid": "bc609323-24d5-474b-9d6d-20466f94766c",
    "symbol": "IVV",
    "name": "iShares Core S&P 500 ETF",
    "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": 78.704,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 69.292,
    "architecture_energy": 45.099,
    "architecture_maturity": 50.187,
    "architecture_confidence": 75.306,
    "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": 28.19,
        "rotation_up": 43.24,
        "upward_expansion": 73.49,
        "deceleration": 91.03,
        "rotation_down": 28.75,
        "downward_expansion": 11.49
      },
      "activity_lines": [
        13133.351367,
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        12754.957476
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 13303.910156,
    "trend_reference": 12475.965853,
    "distance_from_trend": 0.066363,
    "trend_direction": "Improving",
    "fair_value": 10832.008188,
    "distance_from_fair_value": 0.228203,
    "fair_value_direction": "Improving",
    "relative_strength": 4.887393,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.115332,
    "excess_performance": 0.169999,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.066363,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.018941,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.228203,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.001775,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.048874,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.097613,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.115332,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.334849,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 18277,
      "relative_activity": 0.18304,
      "balance": 0.334849,
      "dry_up": 2.102195,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.022196,
      "annualized_volatility": 0.126259,
      "from_high_reference": -0.008724,
      "from_low_reference": 0.152181
    },
    "levels": {
      "trend_reference": 12475.965853,
      "fair_value_reference": 10832.008188,
      "structural_low": 11546.719727,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.028732,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.008364,
        "regime_survival": 0.4,
        "best_return": 0.126081,
        "worst_return": -0.037757,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.099394,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.056064,
        "regime_survival": 0.0,
        "best_return": 0.163771,
        "worst_return": -0.069441,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.164771,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.14729,
        "regime_survival": 0.0,
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        "worst_return": 0.012163,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.046602,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.154388,
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        "worst_return": -0.183511,
        "sufficient": false
      }
    ],
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        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-07-21",
        "end": "2024-04-05",
        "tenure": "Extended",
        "return": 0.110155,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-05-10",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-03-21",
        "tenure": "Extended",
        "return": 0.302496,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.043997,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.091353,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.028703,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-29",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
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      {
        "regime": "balance",
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      {
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        "active": true
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      },
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 10760.882196,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 99685.5,
        "trend": 12449.053711,
        "fair_value": 10795.332344,
        "relative_strength": 2.633619,
        "stage": 2,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-08-07",
        "close": 13303.910156,
        "volume": 18277,
        "typical_volume": 99852.3,
        "trend": 12475.965853,
        "fair_value": 10832.008188,
        "relative_strength": 4.887393,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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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."
    }
  }
}