{ "ticker": { "uuid": "d6e365bd-2871-4ce0-8170-e231641f990e", "symbol": "SEPM", "name": "FT Vest U.S. Equity Max Buffer ETF - September", "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": 63.078, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.709, "architecture_energy": 86.016, "architecture_maturity": 39.376, "architecture_confidence": 79.207, "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": 3.13, "rotation_up": 72.53, "upward_expansion": 96.01, "deceleration": 42.44, "rotation_down": 23.16, "downward_expansion": 18.01 }, "activity_lines": [ 33.027773, 32.937265, 32.786718, 32.585999 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 33.155, "trend_reference": 32.346763, "distance_from_trend": 0.024987, "trend_direction": "Improving", "fair_value": 31.081518, "distance_from_fair_value": 0.066711, "fair_value_direction": "Improving", "relative_strength": -7.705996, "relative_strength_direction": "Improving", "price_momentum": 0.037001, "excess_performance": -0.088624, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024987, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012326, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.066711, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.009944, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.07706, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00389, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.037001, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.588023, "read": "Demand-led" } ], "volume": { "latest": 4571, "relative_activity": 0.4667, "balance": 5.588023, "dry_up": 0.579572, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.004395, "annualized_volatility": 0.028282, "from_high_reference": -0.003756, "from_low_reference": 0.065734 }, "levels": { "trend_reference": 32.346763, "fair_value_reference": 31.081518, "structural_low": 31.39, "invalidation": "A 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] }, { "date": "2026-07-17", "close": 32.885, "volume": 8376, "typical_volume": 12322.9, "trend": 32.230787, "fair_value": 31.01972, "relative_strength": -5.440262, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.23935, "energy": 85.172428, "activity_lines": [ 32.860573, 32.800447, 32.616402, 32.436888 ] }, { "date": "2026-07-24", "close": 32.925, "volume": 3847, "typical_volume": 11385.8, "trend": 32.266453, "fair_value": 31.039567, "relative_strength": -4.583154, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.402703, "energy": 87.828261, "activity_lines": [ 32.89216, 32.831516, 32.66789, 32.481675 ] }, { "date": "2026-07-31", "close": 33.0354, "volume": 5912, "typical_volume": 10043.9, "trend": 32.30693, "fair_value": 31.060142, "relative_strength": -5.064564, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.507255, "energy": 90.570714, "activity_lines": [ 32.95188, 32.87684, 32.724724, 32.531285 ] }, { "date": "2026-08-07", "close": 33.155, "volume": 4571, "typical_volume": 9794.3, "trend": 32.346763, "fair_value": 31.081518, "relative_strength": -7.705996, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.709166, "energy": 86.015799, "activity_lines": [ 33.027773, 32.937265, 32.786718, 32.585999 ] } ], "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." } } }