{ "ticker": { "uuid": "d47c92f5-925c-44eb-b8ab-bf7abf63f114", "symbol": "XLI", "name": "SELECT SECTOR SPDR TRUST STATE STREET INDUSTRIAL SELECT SECTOR SP", "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": 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": 68.57, "architecture_energy": 44.337, "architecture_maturity": 56.941, "architecture_confidence": 70.099, "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": 18.54, "rotation_up": 52.27, "upward_expansion": 78.88, "deceleration": 66.81, "rotation_down": 23.73, "downward_expansion": 5.55 }, "activity_lines": [ 182.265333, 181.637171, 178.420793, 175.923089 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 185.18, "trend_reference": 173.144881, "distance_from_trend": 0.069509, "trend_direction": "Improving", "fair_value": 137.069433, "distance_from_fair_value": 0.350994, "fair_value_direction": "Improving", "relative_strength": 0.488926, "relative_strength_direction": "Improving", "price_momentum": 0.072264, "excess_performance": -0.053361, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069509, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.052491, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.350994, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.028229, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.004889, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.020942, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.072264, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.392453, "read": "Demand-led" } ], "volume": { "latest": 36643880, "relative_activity": 0.894025, "balance": 2.392453, "dry_up": 0.827256, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.033687, "annualized_volatility": 0.138061, "from_high_reference": -0.015994, "from_low_reference": 0.266342 }, "levels": { "trend_reference": 173.144881, "fair_value_reference": 137.069433, 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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." } } }