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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 81.882, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.331, "architecture_energy": 53.903, "architecture_maturity": 51.953, "architecture_confidence": 77.834, "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": 29.4, "rotation_up": 54.66, "upward_expansion": 80.81, "deceleration": 61.68, "rotation_down": 25.95, "downward_expansion": 7.48 }, "activity_lines": [ 118.590666, 117.923313, 116.876908, 114.758148 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 121.519997, "trend_reference": 112.445299, "distance_from_trend": 0.080703, "trend_direction": "Improving", "fair_value": 93.901767, "distance_from_fair_value": 0.294118, "fair_value_direction": "Improving", "relative_strength": -1.641753, "relative_strength_direction": "Improving", "price_momentum": 0.107812, "excess_performance": -0.012609, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.080703, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028476, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.294118, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.004038, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.016418, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.001314, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.107812, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.650274, "read": "Demand-led" } ], "volume": { "latest": 174100, "relative_activity": 0.82596, "balance": 2.650274, "dry_up": 0.975283, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.023002, "annualized_volatility": 0.140761, "from_high_reference": -0.00475, "from_low_reference": 0.219101 }, "levels": { "trend_reference": 112.445299, "fair_value_reference": 93.901767, "structural_low": 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114.920003, 111.693264, 109.669685, 109.231733 ] }, { "date": "2026-05-22", "close": 117.411362, "volume": 241800, "typical_volume": 300115.0, "trend": 108.982498, "fair_value": 90.590869, "relative_strength": -1.544765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.519031, "energy": 85.540276, "activity_lines": [ 116.010449, 113.212281, 110.463955, 109.796332 ] }, { "date": "2026-05-29", "close": 119.117599, "volume": 268700, "typical_volume": 300735.0, "trend": 109.331943, "fair_value": 90.916484, "relative_strength": -0.879065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.775077, "energy": 86.853247, "activity_lines": [ 117.32555, 114.814339, 111.379033, 110.45021 ] }, { "date": "2026-06-05", "close": 116.034401, "volume": 124000, "typical_volume": 292710.0, "trend": 109.642633, "fair_value": 91.220784, "relative_strength": -2.316123, "stage": 2, "regime": 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"activity_lines": [ 117.504951, 117.28728, 114.930152, 113.11197 ] }, { "date": "2026-07-17", "close": 117.059998, "volume": 182000, "typical_volume": 231505.0, "trend": 111.564208, "fair_value": 93.006323, "relative_strength": -2.832034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.526389, "energy": 46.463229, "activity_lines": [ 117.450045, 117.278643, 115.389665, 113.485448 ] }, { "date": "2026-07-24", "close": 116.150002, "volume": 208600, "typical_volume": 221310.0, "trend": 111.777584, "fair_value": 93.282858, "relative_strength": -3.652501, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.590187, "energy": 40.945505, "activity_lines": [ 117.069333, 117.086086, 115.723017, 113.781306 ] }, { "date": "2026-07-31", "close": 117.470001, "volume": 257600, "typical_volume": 216515.0, "trend": 112.07137, "fair_value": 93.578678, "relative_strength": -1.977189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.157761, "energy": 41.729655, "activity_lines": [ 117.233334, 117.137051, 116.136995, 114.148559 ] }, { "date": "2026-08-07", "close": 121.519997, "volume": 174100, "typical_volume": 210785.0, "trend": 112.445299, "fair_value": 93.901767, "relative_strength": -1.641753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.330963, "energy": 53.902795, "activity_lines": [ 118.590666, 117.923313, 116.876908, 114.758148 ] } ], "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." } } }