{
  "ticker": {
    "uuid": "d51cab50-4dd3-4f5a-af86-143b286519f3",
    "symbol": "HFGO",
    "name": "HARTFORD LARGE CAP GROWTH ETF",
    "exchange": "CBOE",
    "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": 67.702,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 50.065,
    "architecture_energy": 22.247,
    "architecture_maturity": 55.645,
    "architecture_confidence": 84.067,
    "architecture_tenure": "Developing",
    "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": 39.28,
        "rotation_up": 31.81,
        "upward_expansion": 56.13,
        "deceleration": 87.7,
        "rotation_down": 28.69,
        "downward_expansion": 19.8
      },
      "activity_lines": [
        28.814993,
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        28.815326,
        28.172855
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 30.03,
    "trend_reference": 27.428963,
    "distance_from_trend": 0.094828,
    "trend_direction": "Improving",
    "fair_value": 22.65626,
    "distance_from_fair_value": 0.325461,
    "fair_value_direction": "Weakening",
    "relative_strength": -1.824704,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.16712,
    "excess_performance": 0.041495,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.094828,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.018965,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.325461,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.027368,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.018247,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.009556,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.16712,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.97207,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 453595,
      "relative_activity": 2.436175,
      "balance": 1.97207,
      "dry_up": 1.180795,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.048325,
      "annualized_volatility": 0.235322,
      "from_high_reference": -0.033784,
      "from_low_reference": 0.291613
    },
    "levels": {
      "trend_reference": 27.428963,
      "fair_value_reference": 22.65626,
      "structural_low": 23.25,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.024792,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.020031,
        "regime_survival": 0.5,
        "best_return": 0.106805,
        "worst_return": -0.142857,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.078455,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.02825,
        "regime_survival": 0.0,
        "best_return": 0.17254,
        "worst_return": -0.086083,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.198794,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.060291,
        "regime_survival": 0.0,
        "best_return": 0.263288,
        "worst_return": 0.041966,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.317766,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.088836,
        "regime_survival": 0.5,
        "best_return": 0.410825,
        "worst_return": 0.224706,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.092335,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-02-28",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.015806,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.059312,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.165493,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.04628,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.081602,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-28",
        "tenure": "Established",
        "return": 0.078896,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.077116,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "tenure": "New",
        "return": 0.016706,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-04-24",
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        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
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        "regime": "upward_expansion",
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        "return": -0.026713,
        "active": false
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        "regime": "deceleration",
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        "active": true
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    ],
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 138518.75,
        "trend": 26.62808,
        "fair_value": 21.406119,
        "relative_strength": -1.851203,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 33.775239,
        "energy": 43.660023,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
        "close": 29.09,
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        "typical_volume": 132442.0,
        "trend": 26.712113,
        "fair_value": 21.503075,
        "relative_strength": -0.869068,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 153076.5,
        "trend": 26.785447,
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        "stage": 2,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 153282.7,
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        "stage": 2,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 155478.15,
        "trend": 26.97578,
        "fair_value": 21.882617,
        "relative_strength": -0.993806,
        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 150811.65,
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      },
      {
        "date": "2026-06-19",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 168994.85,
        "trend": 27.16158,
        "fair_value": 22.146396,
        "relative_strength": -2.637896,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.40339,
        "energy": 34.346262,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 28.89,
        "volume": 329449,
        "typical_volume": 179828.35,
        "trend": 27.195247,
        "fair_value": 22.233978,
        "relative_strength": -2.553699,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 43.116086,
        "energy": 30.292574,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 29.6649,
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        "typical_volume": 172843.5,
        "trend": 27.27341,
        "fair_value": 22.322285,
        "relative_strength": -1.229583,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.496896,
        "energy": 35.607074,
        "activity_lines": [
          29.148433,
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      },
      {
        "date": "2026-07-17",
        "close": 28.32,
        "volume": 238253,
        "typical_volume": 175001.2,
        "trend": 27.308343,
        "fair_value": 22.403183,
        "relative_strength": -4.100898,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.120181,
        "energy": 22.915633,
        "activity_lines": [
          28.883173,
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          28.58912,
          27.917259
        ]
      },
      {
        "date": "2026-07-24",
        "close": 27.79,
        "volume": 103390,
        "typical_volume": 172337.65,
        "trend": 27.310963,
        "fair_value": 22.478799,
        "relative_strength": -5.192411,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.085079,
        "energy": 17.129569,
        "activity_lines": [
          28.485247,
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          28.595696,
          27.948334
        ]
      },
      {
        "date": "2026-07-31",
        "close": 28.1,
        "volume": 84178,
        "typical_volume": 169162.25,
        "trend": 27.338963,
        "fair_value": 22.560565,
        "relative_strength": -5.017834,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.962376,
        "energy": 16.783026,
        "activity_lines": [
          28.322653,
          28.628805,
          28.620797,
          27.999239
        ]
      },
      {
        "date": "2026-08-07",
        "close": 30.03,
        "volume": 453595,
        "typical_volume": 186191.5,
        "trend": 27.428963,
        "fair_value": 22.65626,
        "relative_strength": -1.824704,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.065436,
        "energy": 22.247372,
        "activity_lines": [
          28.814993,
          28.829371,
          28.815326,
          28.172855
        ]
      }
    ],
    "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."
    }
  }
}