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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late 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": "Established expansion", "architecture_gate": "up", "architecture_direction": 67.07, "architecture_energy": 49.899, "architecture_maturity": 99.327, "architecture_confidence": 69.748, "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": 15.88, "rotation_up": 48.5, "upward_expansion": 78.65, "deceleration": 71.42, "rotation_down": 26.54, "downward_expansion": 7.65 }, "activity_lines": [ 428.571286, 418.872224, 376.283964, 325.71768 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 453.77, "trend_reference": 259.728897, "distance_from_trend": 0.747091, "trend_direction": "Improving", "fair_value": 137.36728, "distance_from_fair_value": 2.303334, "fair_value_direction": "Improving", "relative_strength": 100.523071, "relative_strength_direction": "Improving", "price_momentum": 2.759737, "excess_performance": 2.634112, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.747091, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.566806, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 2.303334, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.911851, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 1.005231, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.331044, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 2.759737, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.180318, "read": "Demand-led" } ], "volume": { "latest": 30708571, "relative_activity": 0.772967, "balance": 1.180318, "dry_up": 0.805507, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.161581, "annualized_volatility": 0.738523, "from_high_reference": -0.06574, "from_low_reference": 3.129162 }, "levels": { "trend_reference": 259.728897, "fair_value_reference": 137.36728, "structural_low": 110.871083, 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"activity_lines": [ 417.303492, 409.214163, 352.152502, 301.766801 ] }, { "date": "2026-07-31", "close": 405.37, "volume": 31805735, "typical_volume": 40738303.65, "trend": 248.593145, "fair_value": 134.806224, "relative_strength": 90.057002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.322475, "energy": 48.617594, "activity_lines": [ 415.087447, 410.64483, 362.518706, 312.480463 ] }, { "date": "2026-08-07", "close": 453.77, "volume": 30708571, "typical_volume": 39728177.75, "trend": 259.728897, "fair_value": 137.36728, "relative_strength": 100.523071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.070353, "energy": 49.898999, "activity_lines": [ 428.571286, 418.872224, 376.283964, 325.71768 ] } ], "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." } } }