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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": 59.655, "architecture_energy": 49.32, "architecture_maturity": 69.421, "architecture_confidence": 53.99, "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": 14.5, "rotation_up": 46.49, "upward_expansion": 74.94, "deceleration": 71.37, "rotation_down": 27.33, "downward_expansion": 12.94 }, "activity_lines": [ 114.656667, 114.343686, 109.887352, 105.511131 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 114.02, "trend_reference": 101.272777, "distance_from_trend": 0.12587, "trend_direction": "Improving", "fair_value": 98.342634, "distance_from_fair_value": 0.159416, "fair_value_direction": "Improving", "relative_strength": -1.045728, "relative_strength_direction": "Improving", "price_momentum": 0.23812, "excess_performance": 0.050666, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.12587, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042486, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.159416, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.089627, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.010457, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.095284, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.23812, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.314806, "read": "Demand-led" } ], "volume": { "latest": 10766086, "relative_activity": 1.023226, "balance": 1.314806, "dry_up": 1.008253, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.051837, "annualized_volatility": 0.197218, "from_high_reference": -0.06541, "from_low_reference": 0.353963 }, "levels": { "trend_reference": 101.272777, "fair_value_reference": 98.342634, "structural_low": 84.21203, 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2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.871474, "energy": 88.575005, "activity_lines": [ 116.319333, 112.405818, 106.512561, 102.895208 ] }, { "date": "2026-07-24", "close": 116.5, "volume": 7341151, "typical_volume": 10860230.4, "trend": 100.625878, "fair_value": 98.160053, "relative_strength": 6.432052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.646303, "energy": 85.197043, "activity_lines": [ 116.994667, 113.738296, 107.997886, 103.950541 ] }, { "date": "2026-07-31", "close": 111.75, "volume": 13774486, "typical_volume": 10943865.55, "trend": 100.954986, "fair_value": 98.235105, "relative_strength": 1.718565, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.94519, "energy": 58.774482, "activity_lines": [ 115.496667, 113.921744, 108.895217, 104.668226 ] }, { "date": "2026-08-07", "close": 114.02, "volume": 10766086, "typical_volume": 10521711.2, "trend": 101.272777, "fair_value": 98.342634, "relative_strength": -1.045728, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.655297, "energy": 49.3197, "activity_lines": [ 114.656667, 114.343686, 109.887352, 105.511131 ] } ], "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." } } }