{ "ticker": { "uuid": "c93e9e3e-2854-4aa7-9930-0f1a3ea130d3", "symbol": "QQCL", "name": "Global X Enhanced NASDAQ-100 Covered Call ETF", "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": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 40.764, "architecture_energy": 27.007, "architecture_maturity": 65.901, "architecture_confidence": 86.713, "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": 37.11, "rotation_up": 30.08, "upward_expansion": 60.06, "deceleration": 85.49, "rotation_down": 32.48, "downward_expansion": 19.06 }, "activity_lines": [ 26.314766, 26.622984, 26.428779, 25.704411 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 26.969999, "trend_reference": 24.828324, "distance_from_trend": 0.086259, "trend_direction": "Improving", "fair_value": 19.852319, "distance_from_fair_value": 0.358531, "fair_value_direction": "Improving", "relative_strength": 0.268747, "relative_strength_direction": "Weakening", "price_momentum": 0.176435, "excess_performance": 0.056014, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086259, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.049066, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.358531, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.019681, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.002687, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.023237, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.176435, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.067882, "read": "Demand-led" } ], "volume": { "latest": 149700, "relative_activity": 0.788393, "balance": 2.067882, "dry_up": 1.120576, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.045761, "annualized_volatility": 0.198056, "from_high_reference": -0.06417, "from_low_reference": 0.296024 }, "levels": { "trend_reference": 24.828324, "fair_value_reference": 19.852319, "structural_low": 21.371969, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-30", "tenure": "Developing", "return": 0.147796, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.035414, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-15", "tenure": "Developing", "return": 0.063154, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-02-06", "tenure": "Established", "return": 0.073266, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-20", "tenure": "Developing", "return": -0.016591, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.087517, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.010075, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-07-24", "tenure": "Developing", "return": 0.000468, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.045754, "active": true } ], "chart_path": [ { "date": "2023-10-13", "close": 13.663665, "volume": 2200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": 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26.112277, 25.313821 ] }, { "date": "2026-07-17", "close": 25.998402, "volume": 228300, "typical_volume": 198290.0, "trend": 24.562389, "fair_value": 19.721939, "relative_strength": -0.489086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.879755, "energy": 41.161755, "activity_lines": [ 26.957686, 27.016073, 26.202266, 25.412228 ] }, { "date": "2026-07-24", "close": 25.702068, "volume": 222900, "typical_volume": 196375.0, "trend": 24.640888, "fair_value": 19.762898, "relative_strength": -1.841693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.527378, "energy": 28.57515, "activity_lines": [ 26.467682, 26.793131, 26.24957, 25.485756 ] }, { "date": "2026-07-31", "close": 25.790001, "volume": 250200, "typical_volume": 195275.0, "trend": 24.729963, "fair_value": 19.803899, "relative_strength": -1.031976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.125687, "energy": 23.597871, "activity_lines": [ 26.155466, 26.593426, 26.290453, 25.559892 ] }, { "date": "2026-08-07", "close": 26.969999, "volume": 149700, "typical_volume": 189880.0, "trend": 24.828324, "fair_value": 19.852319, "relative_strength": 0.268747, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.764427, "energy": 27.006854, "activity_lines": [ 26.314766, 26.622984, 26.428779, 25.704411 ] } ], "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." } } }