{ "ticker": { "uuid": "bd0c43b0-1cb4-462d-b53a-e636209361e6", "symbol": "QQQS", "name": "INVESCO NASDAQ FUTURE GEN 200 ETF", "exchange": "NASDAQ", "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": "QQQ", "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": 57.855, "architecture_energy": 33.624, "architecture_maturity": 57.076, "architecture_confidence": 92.145, "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": 28.32, "rotation_up": 38.74, "upward_expansion": 61.19, "deceleration": 85.04, "rotation_down": 26.93, "downward_expansion": 20.19 }, "activity_lines": [ 42.823707, 42.893145, 42.307619, 40.834898 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 44.3598, "trend_reference": 39.026698, "distance_from_trend": 0.136653, "trend_direction": "Improving", "fair_value": 28.685312, "distance_from_fair_value": 0.546429, "fair_value_direction": "Weakening", "relative_strength": 7.469117, "relative_strength_direction": "Weakening", "price_momentum": 0.251549, "excess_performance": 0.064095, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.136653, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.082375, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.546429, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.000413, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.074691, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.030941, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.251549, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.458032, "read": "Demand-led" } ], "volume": { "latest": 20919, "relative_activity": 0.561743, "balance": 1.458032, "dry_up": 0.740485, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.04879, "annualized_volatility": 0.250744, "from_high_reference": -0.018588, "from_low_reference": 0.644645 }, "levels": { "trend_reference": 39.026698, "fair_value_reference": 28.685312, "structural_low": 31.9707, "invalidation": "A 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"date": "2026-07-17", "close": 42.873, "volume": 24003, "typical_volume": 37542.7, "trend": 38.273991, "fair_value": 28.382341, "relative_strength": 9.395831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.006734, "energy": 52.666501, "activity_lines": [ 43.429959, 43.031822, 41.613293, 40.069412 ] }, { "date": "2026-07-24", "close": 41.3594, "volume": 35620, "typical_volume": 37373.75, "trend": 38.50331, "fair_value": 28.471507, "relative_strength": 6.853696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.096028, "energy": 39.506938, "activity_lines": [ 42.78136, 42.785271, 41.774028, 40.26847 ] }, { "date": "2026-07-31", "close": 41.6745, "volume": 29759, "typical_volume": 37324.0, "trend": 38.751363, "fair_value": 28.565927, "relative_strength": 6.608385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.857293, "energy": 29.612619, "activity_lines": [ 42.306973, 42.585918, 41.931194, 40.473063 ] }, { "date": "2026-08-07", "close": 44.3598, "volume": 20919, "typical_volume": 37239.45, "trend": 39.026698, "fair_value": 28.685312, "relative_strength": 7.469117, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.855344, "energy": 33.624449, "activity_lines": [ 42.823707, 42.893145, 42.307619, 40.834898 ] } ], "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." } } }