{ "ticker": { "uuid": "e127ca10-4a64-47e0-9e48-be1cf560d9fa", "symbol": "SPYS", "name": "Leverage Shares -5x Short S&P 500 ETP Securities", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -17.406, "architecture_energy": 28.144, "architecture_maturity": 100.0, "architecture_confidence": 68.252, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 45.26, "rotation_up": 45.82, "upward_expansion": 32.34, "deceleration": 44.45, "rotation_down": 23.55, "downward_expansion": 52.01 }, "activity_lines": [ 25.127334, 23.753818, 22.901714, 25.136258 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 21.655001, "trend_reference": 27.816667, "distance_from_trend": -0.22151, "trend_direction": "Weakening", "fair_value": 150.632519, "distance_from_fair_value": -0.85624, "fair_value_direction": "Improving", "relative_strength": -40.525415, "relative_strength_direction": "Improving", "price_momentum": -0.336753, "excess_performance": -0.387989, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.22151, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.139868, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.85624, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.027425, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.405254, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.159599, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.336753, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.84638, "read": "Supply-led" } ], "volume": { "latest": 31195, "relative_activity": 0.058138, "balance": 0.84638, "dry_up": 0.033869, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.129691, "annualized_volatility": 0.802444, "from_high_reference": -0.603257, "from_low_reference": 0.203056 }, "levels": { "trend_reference": 27.816667, "fair_value_reference": 150.632519, 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25.32, "volume": 120629, "typical_volume": 661636.65, "trend": 28.860667, "fair_value": 159.069826, "relative_strength": -33.617398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.871148, "energy": 42.033246, "activity_lines": [ 21.316666, 20.447273, 23.154524, 25.872688 ] }, { "date": "2026-07-17", "close": 26.690001, "volume": 6982, "typical_volume": 656309.75, "trend": 28.588667, "fair_value": 157.034506, "relative_strength": -29.256792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.584269, "energy": 31.074068, "activity_lines": [ 23.358667, 21.635091, 23.136572, 25.732645 ] }, { "date": "2026-07-24", "close": 27.004999, "volume": 17805, "typical_volume": 629571.35, "trend": 28.392167, "fair_value": 155.020115, "relative_strength": -28.011114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.47309, "energy": 29.459966, "activity_lines": [ 25.033, 22.778545, 23.177238, 25.630473 ] }, { "date": "2026-07-31", "close": 27.23, "volume": 16711, "typical_volume": 568015.25, "trend": 28.153167, "fair_value": 152.883448, "relative_strength": -26.62778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.732033, "energy": 35.042444, "activity_lines": [ 26.235333, 23.843727, 23.27931, 25.555495 ] }, { "date": "2026-08-07", "close": 21.655001, "volume": 31195, "typical_volume": 536569.0, "trend": 27.816667, "fair_value": 150.632519, "relative_strength": -40.525415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.406454, "energy": 28.143674, "activity_lines": [ 25.127334, 23.753818, 22.901714, 25.136258 ] } ], "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." } } }