{ "ticker": { "uuid": "f098e892-e487-40bb-99e0-9b2fc2bcf052", "symbol": "CPSO", "name": "CALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - OCTOBER", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.356, "architecture_energy": 88.284, "architecture_maturity": 40.757, "architecture_confidence": 76.321, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. 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"2026-07-24", "close": 27.9152, "volume": 13676, "typical_volume": 4968.3, "trend": 27.43871, "fair_value": 26.462617, "relative_strength": -4.956113, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.072775, "energy": 87.281175, "activity_lines": [ 27.90804, 27.863738, 27.738988, 27.601639 ] }, { "date": "2026-07-31", "close": 28.0269, "volume": 13083, "typical_volume": 5490.5, "trend": 27.470607, "fair_value": 26.478911, "relative_strength": -5.36593, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.859662, "energy": 90.126541, "activity_lines": [ 27.95544, 27.899947, 27.782407, 27.639587 ] }, { "date": "2026-08-07", "close": 28.125, "volume": 13799, "typical_volume": 5634.9, "trend": 27.503107, "fair_value": 26.495881, "relative_strength": -8.003941, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.355877, "energy": 88.284298, "activity_lines": [ 28.018427, 27.948404, 27.83058, 27.681806 ] } ], "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." } } }