{ "ticker": { "uuid": "d137e17c-d49b-4bc5-b92e-7f4af0ff620e", "symbol": "SPXT", "name": "PROSHARES TRUST S&P 500 EX TECHNOLOGY ETF", "exchange": "NYSEARCA", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 54.108, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 78.747, "architecture_energy": 64.06, "architecture_maturity": 29.932, "architecture_confidence": 72.764, "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": 16.33, "rotation_up": 68.65, "upward_expansion": 86.85, "deceleration": 48.16, "rotation_down": 16.86, "downward_expansion": 11.18 }, "activity_lines": [ 110.452773, 109.724617, 108.697707, 107.659975 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 111.96, "trend_reference": 106.71516, "distance_from_trend": 0.049148, "trend_direction": "Improving", "fair_value": 90.491528, "distance_from_fair_value": 0.237243, "fair_value_direction": "Improving", "relative_strength": -4.195996, "relative_strength_direction": "Improving", "price_momentum": 0.044571, "excess_performance": -0.081054, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.049148, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.020383, "read": "Rising" 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-2.467524, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.31498, "energy": 72.09759, "activity_lines": [ 109.441586, 108.686667, 107.616428, 106.890077 ] }, { "date": "2026-07-24", "close": 108.4463, "volume": 66016, "typical_volume": 90970.25, "trend": 106.290358, "fair_value": 89.980847, "relative_strength": -3.041628, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.570685, "energy": 64.345228, "activity_lines": [ 109.272953, 108.725987, 107.826459, 107.037856 ] }, { "date": "2026-07-31", "close": 110.49, "volume": 138181, "typical_volume": 95578.75, "trend": 106.516787, "fair_value": 90.233046, "relative_strength": -2.219791, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.287015, "energy": 64.320568, "activity_lines": [ 109.71582, 109.112842, 108.211649, 107.3088 ] }, { "date": "2026-08-07", "close": 111.96, "volume": 53872, "typical_volume": 93460.55, "trend": 106.71516, "fair_value": 90.491528, "relative_strength": -4.195996, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.747052, "energy": 64.059731, "activity_lines": [ 110.452773, 109.724617, 108.697707, 107.659975 ] } ], "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." } } }