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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": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 71.727, "architecture_energy": 60.093, "architecture_maturity": 53.367, "architecture_confidence": 86.347, "architecture_tenure": "Established", "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": 8.01, "rotation_up": 63.54, "upward_expansion": 85.24, "deceleration": 61.92, "rotation_down": 22.24, "downward_expansion": 9.57 }, "activity_lines": [ 150.485547, 149.230327, 144.691407, 140.647226 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 152.04, "trend_reference": 136.286741, "distance_from_trend": 0.115589, "trend_direction": "Improving", "fair_value": 109.405335, "distance_from_fair_value": 0.389695, "fair_value_direction": "Improving", "relative_strength": 5.878045, "relative_strength_direction": "Improving", "price_momentum": 0.116642, "excess_performance": -0.008982, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.115589, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.075086, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.389695, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.081102, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.05878, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.021985, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.116642, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.071551, "read": "Demand-led" } ], "volume": { "latest": 65559, "relative_activity": 1.951065, "balance": 1.071551, "dry_up": 1.954167, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.036887, "annualized_volatility": 0.194484, "from_high_reference": -0.011379, "from_low_reference": 0.439093 }, "levels": { "trend_reference": 136.286741, "fair_value_reference": 109.405335, "structural_low": 118.77572, 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"up", "direction": 68.49477, "energy": 80.299029, "activity_lines": [ 147.311399, 144.195914, 139.294451, 136.303755 ] }, { "date": "2026-07-17", "close": 152.05, "volume": 56441, "typical_volume": 29403.45, "trend": 133.454197, "fair_value": 108.336614, "relative_strength": 11.192685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.522352, "energy": 86.527245, "activity_lines": [ 149.054476, 146.129337, 140.937588, 137.572642 ] }, { "date": "2026-07-24", "close": 150.41, "volume": 107627, "typical_volume": 33706.25, "trend": 134.472158, "fair_value": 108.69163, "relative_strength": 10.292576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.322938, "energy": 68.665948, "activity_lines": [ 149.83164, 147.493474, 142.319115, 138.666565 ] }, { "date": "2026-07-31", "close": 148.5808, "volume": 33026, "typical_volume": 32443.6, "trend": 135.448399, "fair_value": 109.03241, "relative_strength": 7.41084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.119064, "energy": 58.45577, "activity_lines": [ 149.553753, 148.167796, 143.407234, 139.5768 ] }, { "date": "2026-08-07", "close": 152.04, "volume": 65559, "typical_volume": 33601.65, "trend": 136.286741, "fair_value": 109.405335, "relative_strength": 5.878045, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.726575, "energy": 60.093371, "activity_lines": [ 150.485547, 149.230327, 144.691407, 140.647226 ] } ], "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." } } }