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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": 94.301, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 74.88, "architecture_energy": 59.889, "architecture_maturity": 37.641, "architecture_confidence": 78.357, "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": 6.62, "rotation_up": 65.0, "upward_expansion": 84.97, "deceleration": 52.73, "rotation_down": 20.65, "downward_expansion": 9.3 }, "activity_lines": [ 148.724667, 147.797283, 145.237968, 142.886429 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 150.42, "trend_reference": 140.583555, "distance_from_trend": 0.069969, "trend_direction": "Improving", "fair_value": 120.437677, "distance_from_fair_value": 0.248945, "fair_value_direction": "Improving", "relative_strength": -1.067086, "relative_strength_direction": "Improving", "price_momentum": 0.053713, "excess_performance": -0.071911, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069969, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039952, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.248945, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.038351, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.010671, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.020005, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.053713, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.551475, "read": "Demand-led" } ], "volume": { "latest": 1168325, "relative_activity": 1.401009, "balance": 1.551475, "dry_up": 1.039045, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.024649, "annualized_volatility": 0.13662, "from_high_reference": -0.007947, "from_low_reference": 0.243652 }, "levels": { "trend_reference": 140.583555, "fair_value_reference": 120.437677, "structural_low": 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847045.6, "trend": 139.098796, "fair_value": 119.576558, "relative_strength": 1.428496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.51672, "energy": 73.109579, "activity_lines": [ 147.130667, 145.753744, 142.877897, 141.104765 ] }, { "date": "2026-07-24", "close": 148.2, "volume": 877981, "typical_volume": 827462.2, "trend": 139.611453, "fair_value": 119.851571, "relative_strength": 2.035869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.060087, "energy": 64.066256, "activity_lines": [ 147.612, 146.497431, 143.681705, 141.691939 ] }, { "date": "2026-07-31", "close": 147.84, "volume": 679023, "typical_volume": 816609.15, "trend": 140.13396, "fair_value": 120.133077, "relative_strength": 0.664521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.897307, "energy": 52.644539, "activity_lines": [ 147.747333, 146.979948, 144.37974, 142.222813 ] }, { "date": "2026-08-07", "close": 150.42, "volume": 1168325, "typical_volume": 833917.0, "trend": 140.583555, "fair_value": 120.437677, "relative_strength": -1.067086, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.880153, "energy": 59.888759, "activity_lines": [ 148.724667, 147.797283, 145.237968, 142.886429 ] } ], "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." } } }