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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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 66.38, "architecture_energy": 58.652, "architecture_maturity": 18.694, "architecture_confidence": 83.037, "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": 14.22, "rotation_up": 69.31, "upward_expansion": 86.38, "deceleration": 46.58, "rotation_down": 12.69, "downward_expansion": 10.71 }, "activity_lines": [ 57.284, 56.233091, 53.878929, 53.272206 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 58.02, "trend_reference": 52.332659, "distance_from_trend": 0.108677, "trend_direction": "Improving", "fair_value": 47.955311, "distance_from_fair_value": 0.209876, "fair_value_direction": "Improving", "relative_strength": 7.753984, "relative_strength_direction": "Improving", "price_momentum": 0.153237, "excess_performance": 0.027612, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.108677, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.088773, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.209876, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.132971, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.07754, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.074063, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.153237, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.639663, "read": "Demand-led" } ], "volume": { "latest": 5252772, "relative_activity": 0.852372, "balance": 1.639663, "dry_up": 1.040045, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.065587, "annualized_volatility": 0.397313, "from_high_reference": -0.043679, "from_low_reference": 0.551303 }, "levels": { "trend_reference": 52.332659, "fair_value_reference": 47.955311, "structural_low": 45.905, "invalidation": 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67.21105, "activity_lines": [ 55.971333, 53.676364, 52.404958, 52.10129 ] }, { "date": "2026-07-24", "close": 58.23, "volume": 7208148, "typical_volume": 6047456.05, "trend": 51.51719, "fair_value": 47.872124, "relative_strength": 13.541591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.890146, "energy": 75.734642, "activity_lines": [ 57.003333, 54.836909, 52.985295, 52.567892 ] }, { "date": "2026-07-31", "close": 56.36, "volume": 6802848, "typical_volume": 6161495.4, "trend": 51.945947, "fair_value": 47.907011, "relative_strength": 8.504409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.601208, "energy": 62.322808, "activity_lines": [ 56.908667, 55.447636, 53.361618, 52.880331 ] }, { "date": "2026-08-07", "close": 58.02, "volume": 5252772, "typical_volume": 6162537.0, "trend": 52.332659, "fair_value": 47.955311, "relative_strength": 7.753984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.37983, "energy": 58.651745, "activity_lines": [ 57.284, 56.233091, 53.878929, 53.272206 ] } ], "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." } } }