{
  "ticker": {
    "uuid": "c7d9ed54-7121-44e5-a9a6-c8d9bd12b30d",
    "symbol": "XUH",
    "name": "iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged)",
    "exchange": "TOR",
    "country": "CA",
    "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": "^GSPTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 85.708,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 83.825,
    "architecture_energy": 59.285,
    "architecture_maturity": 62.323,
    "architecture_confidence": 67.304,
    "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": 23.88,
        "rotation_up": 51.94,
        "upward_expansion": 80.14,
        "deceleration": 68.68,
        "rotation_down": 27.95,
        "downward_expansion": 9.14
      },
      "activity_lines": [
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      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 61.560001,
    "trend_reference": 56.862393,
    "distance_from_trend": 0.082614,
    "trend_direction": "Improving",
    "fair_value": 47.680292,
    "distance_from_fair_value": 0.291099,
    "fair_value_direction": "Improving",
    "relative_strength": -1.483918,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.10896,
    "excess_performance": -0.011461,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.082614,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.029703,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.291099,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.009308,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.014839,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.004681,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.10896,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.016544,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.375442,
      "balance": 4.016544,
      "dry_up": 1.011484,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.018791,
      "annualized_volatility": 0.139538,
      "from_high_reference": -0.002754,
      "from_low_reference": 0.220218
    },
    "levels": {
      "trend_reference": 56.862393,
      "fair_value_reference": 47.680292,
      "structural_low": 50.450001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.011032,
        "positive_rate": 0.692308,
        "directional_follow_through": 0.692308,
        "median_excess_return": -0.006261,
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        "best_return": 0.06466,
        "worst_return": -0.047561,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 0.75,
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        "worst_return": -0.170044,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "sufficient": false
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    ],
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      },
      {
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      },
      {
        "regime": "balance",
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-23",
        "tenure": "Developing",
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      {
        "regime": "balance",
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      {
        "regime": "rotation_up",
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      {
        "date": "2026-04-24",
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        "trend": 54.402275,
        "fair_value": 45.402151,
        "relative_strength": -4.566077,
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        "modifier": "Emerging rotation",
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      },
      {
        "date": "2026-05-01",
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        "relative_strength": -3.26359,
        "stage": 3,
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        "modifier": "Emerging rotation",
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        "energy": 59.900695,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "trend": 54.718598,
        "fair_value": 45.719429,
        "relative_strength": -1.951989,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 82.712832,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 27795.0,
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        "relative_strength": -0.948175,
        "stage": 2,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 30915.0,
        "trend": 55.046846,
        "fair_value": 46.036541,
        "relative_strength": -1.822211,
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        "modifier": "Re-accelerating",
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        "direction": 78.255102,
        "energy": 88.367529,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
        "close": 60.189339,
        "volume": 23500,
        "typical_volume": 30705.0,
        "trend": 55.222105,
        "fair_value": 46.197966,
        "relative_strength": -0.970937,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 91.521856,
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      },
      {
        "date": "2026-06-05",
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        "volume": 9900,
        "typical_volume": 30385.0,
        "trend": 55.389284,
        "fair_value": 46.349753,
        "relative_strength": -2.133619,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "energy": 77.660541,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 59.081741,
        "volume": 25700,
        "typical_volume": 30230.0,
        "trend": 55.560468,
        "fair_value": 46.496814,
        "relative_strength": -2.995885,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 27020.0,
        "trend": 55.783441,
        "fair_value": 46.650837,
        "relative_strength": -2.336973,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 58.529999,
        "volume": 6000,
        "typical_volume": 25505.0,
        "trend": 55.906707,
        "fair_value": 46.793049,
        "relative_strength": -3.697252,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.451395,
        "energy": 51.73005,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 1800,
        "typical_volume": 24325.0,
        "trend": 56.072668,
        "fair_value": 46.947484,
        "relative_strength": -1.858155,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 60.189999,
        "volume": 22600,
        "typical_volume": 24860.0,
        "trend": 56.257239,
        "fair_value": 47.097349,
        "relative_strength": -1.530296,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.128431,
        "energy": 65.989928,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 59.34,
        "volume": 35400,
        "typical_volume": 25430.0,
        "trend": 56.411154,
        "fair_value": 47.239898,
        "relative_strength": -2.61672,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.680916,
        "energy": 60.422967,
        "activity_lines": [
          59.598727,
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          58.419978,
          57.418227
        ]
      },
      {
        "date": "2026-07-24",
        "close": 58.91,
        "volume": 3100,
        "typical_volume": 22635.0,
        "trend": 56.526516,
        "fair_value": 47.377325,
        "relative_strength": -3.386053,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.798271,
        "energy": 52.977404,
        "activity_lines": [
          59.400666,
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      },
      {
        "date": "2026-07-31",
        "close": 59.16,
        "volume": 44600,
        "typical_volume": 23600.0,
        "trend": 56.670756,
        "fair_value": 47.51928,
        "relative_strength": -2.38916,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.701952,
        "energy": 42.39555,
        "activity_lines": [
          59.322667,
          59.33369,
          58.787998,
          57.749345
        ]
      },
      {
        "date": "2026-08-07",
        "close": 61.560001,
        "volume": 8500,
        "typical_volume": 22640.0,
        "trend": 56.862393,
        "fair_value": 47.680292,
        "relative_strength": -1.483918,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.824826,
        "energy": 59.285022,
        "activity_lines": [
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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."
    }
  }
}