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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 67.616, "architecture_energy": 42.145, "architecture_maturity": 25.853, "architecture_confidence": 65.253, "architecture_tenure": "Developing", "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": 18.37, "rotation_up": 53.82, "upward_expansion": 75.55, "deceleration": 63.65, "rotation_down": 19.13, "downward_expansion": 4.55 }, "activity_lines": [ 106.347749, 105.624799, 103.326403, 101.637108 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 109.46, "trend_reference": 100.339122, "distance_from_trend": 0.090901, "trend_direction": "Improving", "fair_value": 95.856286, "distance_from_fair_value": 0.141918, "fair_value_direction": "Improving", "relative_strength": -2.586825, "relative_strength_direction": "Improving", "price_momentum": 0.020611, "excess_performance": -0.166843, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090901, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031701, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.141918, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.098927, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025868, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.100989, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.020611, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.670582, "read": "Demand-led" } ], "volume": { "latest": 1308147, "relative_activity": 0.909786, "balance": 1.670582, "dry_up": 1.108303, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.051615, "annualized_volatility": 0.279681, "from_high_reference": -0.052451, "from_low_reference": 0.228961 }, "levels": { "trend_reference": 100.339122, "fair_value_reference": 95.856286, "structural_low": 89.284852, 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"modifier": "Early expansion", "gate": "up", "direction": 58.041477, "energy": 62.788782, "activity_lines": [ 104.79647, 102.982646, 100.758682, 99.9508 ] }, { "date": "2026-07-17", "close": 105.39009, "volume": 1516458, "typical_volume": 1423114.45, "trend": 99.515584, "fair_value": 95.612358, "relative_strength": -2.859727, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.483107, "energy": 56.869882, "activity_lines": [ 105.000387, 103.698632, 101.389169, 100.348296 ] }, { "date": "2026-07-24", "close": 105.320269, "volume": 1230144, "typical_volume": 1406144.2, "trend": 99.737277, "fair_value": 95.683622, "relative_strength": -1.241233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.521936, "energy": 38.387448, "activity_lines": [ 105.059358, 104.291921, 101.984204, 100.722792 ] }, { "date": "2026-07-31", "close": 104.452492, "volume": 2319600, "typical_volume": 1459192.4, "trend": 100.003308, "fair_value": 95.750729, "relative_strength": -2.408237, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.081778, "energy": 31.776446, "activity_lines": [ 104.754385, 104.559246, 102.449699, 101.026999 ] }, { "date": "2026-08-07", "close": 109.46, "volume": 1308147, "typical_volume": 1437862.6, "trend": 100.339122, "fair_value": 95.856286, "relative_strength": -2.586825, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.61564, "energy": 42.144626, "activity_lines": [ 106.347749, 105.624799, 103.326403, 101.637108 ] } ], "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." } } }