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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": "Established expansion", "architecture_gate": "up", "architecture_direction": 73.195, "architecture_energy": 57.272, "architecture_maturity": 67.836, "architecture_confidence": 69.357, "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": 13.81, "rotation_up": 51.69, "upward_expansion": 80.18, "deceleration": 69.65, "rotation_down": 26.96, "downward_expansion": 9.18 }, "activity_lines": [ 146.578, 145.967817, 142.68579, 139.08331 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 148.93, "trend_reference": 134.961749, "distance_from_trend": 0.103498, "trend_direction": "Improving", "fair_value": 112.422278, "distance_from_fair_value": 0.324737, "fair_value_direction": "Improving", "relative_strength": 4.027647, "relative_strength_direction": "Improving", "price_momentum": 0.133695, "excess_performance": 0.00807, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.103498, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.064964, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.324737, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.052207, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.040276, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.008811, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.133695, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.201656, "read": "Demand-led" } ], "volume": { "latest": 15703580, "relative_activity": 0.771072, "balance": 1.201656, "dry_up": 0.805871, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.029898, "annualized_volatility": 0.149203, "from_high_reference": -0.01168, "from_low_reference": 0.364245 }, "levels": { "trend_reference": 134.961749, "fair_value_reference": 112.422278, "structural_low": 119.414261, 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"trend": 133.370671, "fair_value": 111.790383, "relative_strength": 6.322301, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.775099, "energy": 58.50518, "activity_lines": [ 145.695333, 144.569929, 140.728513, 137.352525 ] }, { "date": "2026-07-31", "close": 145.46, "volume": 15541593, "typical_volume": 21657405.65, "trend": 134.192159, "fair_value": 112.091114, "relative_strength": 5.378466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.810218, "energy": 52.898384, "activity_lines": [ 145.493333, 145.030453, 141.598979, 138.132482 ] }, { "date": "2026-08-07", "close": 148.93, "volume": 15703580, "typical_volume": 20365917.6, "trend": 134.961749, "fair_value": 112.422278, "relative_strength": 4.027647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.194509, "energy": 57.272375, "activity_lines": [ 146.578, 145.967817, 142.68579, 139.08331 ] } ], "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." } } }