{
  "ticker": {
    "uuid": "eeafadd4-7e48-43ac-ad20-f450edf97ca9",
    "symbol": "LFEQ",
    "name": "VANECK ETF TR VANECK LONG/FLAT TREND ETF",
    "exchange": "NYSEARCA",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 89.86,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.239,
    "architecture_energy": 61.13,
    "architecture_maturity": 52.03,
    "architecture_confidence": 81.082,
    "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": 20.89,
        "rotation_up": 56.99,
        "upward_expansion": 82.67,
        "deceleration": 61.53,
        "rotation_down": 26.77,
        "downward_expansion": 9.34
      },
      "activity_lines": [
        60.002227,
        59.632865,
        59.050008,
        57.886936
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 61.46,
    "trend_reference": 56.579663,
    "distance_from_trend": 0.086256,
    "trend_direction": "Improving",
    "fair_value": 48.028284,
    "distance_from_fair_value": 0.279663,
    "fair_value_direction": "Improving",
    "relative_strength": -0.352198,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.119788,
    "excess_performance": -0.005837,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.086256,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03339,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.279663,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.010965,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.003522,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.000919,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.119788,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.619703,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5678,
      "relative_activity": 0.932019,
      "balance": 1.619703,
      "dry_up": 1.166378,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.02011,
      "annualized_volatility": 0.137888,
      "from_high_reference": -0.003405,
      "from_low_reference": 0.224318
    },
    "levels": {
      "trend_reference": 56.579663,
      "fair_value_reference": 48.028284,
      "structural_low": 50.2699,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.011136,
        "positive_rate": 0.74359,
        "directional_follow_through": 0.74359,
        "median_excess_return": -0.00045,
        "regime_survival": 0.794872,
        "best_return": 0.063171,
        "worst_return": -0.121137,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.045498,
        "positive_rate": 0.769231,
        "directional_follow_through": 0.769231,
        "median_excess_return": -0.000997,
        "regime_survival": 0.692308,
        "best_return": 0.104252,
        "worst_return": -0.04252,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.075151,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.00211,
        "regime_survival": 0.571429,
        "best_return": 0.154816,
        "worst_return": -0.140951,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.131416,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.023353,
        "regime_survival": 0.5,
        "best_return": 0.247193,
        "worst_return": -0.076392,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-09",
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        "return": 0.011265,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.015691,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-31",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.09156,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.049556,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.051613,
        "active": false
      },
      {
        "regime": "rotation_up",
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        "active": false
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      {
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        "active": false
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      {
        "regime": "deceleration",
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        "active": true
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      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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      },
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      },
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        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6038.3,
        "trend": 56.058549,
        "fair_value": 47.610373,
        "relative_strength": -0.176032,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 53.083699,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 58.7511,
        "volume": 4210,
        "typical_volume": 6077.4,
        "trend": 56.190603,
        "fair_value": 47.738288,
        "relative_strength": -0.336531,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 59.70412,
        "energy": 49.928502,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 59.502,
        "volume": 4843,
        "typical_volume": 5879.25,
        "trend": 56.367977,
        "fair_value": 47.876647,
        "relative_strength": -0.148846,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.902399,
        "energy": 49.366683,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 61.46,
        "volume": 5678,
        "typical_volume": 6092.15,
        "trend": 56.579663,
        "fair_value": 48.028284,
        "relative_strength": -0.352198,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.239275,
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        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}