{
  "ticker": {
    "uuid": "ce5ba337-b763-4377-aa32-18c25d6805f7",
    "symbol": "VEQT",
    "name": "Vanguard All-Equity ETF Portfolio",
    "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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 77.603,
    "architecture_energy": 54.573,
    "architecture_maturity": 85.422,
    "architecture_confidence": 56.345,
    "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": 25.09,
        "rotation_up": 47.94,
        "upward_expansion": 75.3,
        "deceleration": 71.29,
        "rotation_down": 28.88,
        "downward_expansion": 13.3
      },
      "activity_lines": [
        61.374667,
        61.256909,
        60.368667,
        59.15486
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 62.59,
    "trend_reference": 57.755,
    "distance_from_trend": 0.083716,
    "trend_direction": "Improving",
    "fair_value": 45.888895,
    "distance_from_fair_value": 0.363947,
    "fair_value_direction": "Improving",
    "relative_strength": 0.186853,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.131008,
    "excess_performance": 0.010587,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.083716,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.04298,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.363947,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.018732,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.001869,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.003328,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.131008,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.374339,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1591800,
      "relative_activity": 0.874558,
      "balance": 1.374339,
      "dry_up": 1.253846,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.021993,
      "annualized_volatility": 0.136702,
      "from_high_reference": -0.006508,
      "from_low_reference": 0.275749
    },
    "levels": {
      "trend_reference": 57.755,
      "fair_value_reference": 45.888895,
      "structural_low": 52.040001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 45,
        "median_return": 0.010402,
        "positive_rate": 0.644444,
        "directional_follow_through": 0.644444,
        "median_excess_return": 0.000577,
        "regime_survival": 0.844444,
        "best_return": 0.063316,
        "worst_return": -0.073352,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
        "median_return": 0.034685,
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        "directional_follow_through": 0.8,
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        "regime_survival": 0.666667,
        "best_return": 0.092685,
        "worst_return": -0.037599,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "median_return": 0.060711,
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        "directional_follow_through": 0.888889,
        "median_excess_return": 0.004127,
        "regime_survival": 0.777778,
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        "worst_return": -0.135537,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.0967,
        "sufficient": false
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        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2023-04-14",
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        "active": false
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        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
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      {
        "regime": "balance",
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        "regime": "downward_expansion",
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        "color": "red",
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        "end": "2025-05-16",
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        "active": false
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      },
      {
        "date": "2026-04-17",
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      },
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      },
      {
        "date": "2026-05-29",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 45.371197,
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        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 65.69774,
        "energy": 61.888173,
        "activity_lines": [
          61.2,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 60.650002,
        "volume": 2225300,
        "typical_volume": 1853790.0,
        "trend": 57.301667,
        "fair_value": 45.537494,
        "relative_strength": -0.250365,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 63.042523,
        "energy": 56.031047,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 60.779999,
        "volume": 2584300,
        "typical_volume": 1860115.0,
        "trend": 57.524,
        "fair_value": 45.70764,
        "relative_strength": 0.424932,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.558614,
        "energy": 43.894868,
        "activity_lines": [
          60.883334,
          60.927455,
          59.989905,
          58.828022
        ]
      },
      {
        "date": "2026-08-07",
        "close": 62.59,
        "volume": 1591800,
        "typical_volume": 1820120.0,
        "trend": 57.755,
        "fair_value": 45.888895,
        "relative_strength": 0.186853,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.603296,
        "energy": 54.573317,
        "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."
    }
  }
}