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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": 75.321, "architecture_energy": 69.155, "architecture_maturity": 62.915, "architecture_confidence": 95.712, "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": 5.76, "rotation_up": 64.16, "upward_expansion": 87.67, "deceleration": 60.34, "rotation_down": 25.48, "downward_expansion": 12.0 }, "activity_lines": [ 179.631406, 177.246696, 169.875503, 162.701233 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 181.55, "trend_reference": 153.944401, "distance_from_trend": 0.179322, "trend_direction": "Improving", "fair_value": 104.747938, "distance_from_fair_value": 0.733208, "fair_value_direction": "Improving", "relative_strength": 15.384707, "relative_strength_direction": "Improving", "price_momentum": 0.291511, "excess_performance": 0.165886, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.179322, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.118017, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.733208, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.15642, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.153847, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.059556, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.291511, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.227701, "read": "Demand-led" } ], "volume": { "latest": 2179942, "relative_activity": 0.568798, "balance": 3.227701, "dry_up": 0.97235, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.032927, "annualized_volatility": 0.174402, "from_high_reference": -0.009601, "from_low_reference": 0.661645 }, "levels": { "trend_reference": 153.944401, "fair_value_reference": 104.747938, "structural_low": 129.026893, 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176.566006, "volume": 3329787, "typical_volume": 3747863.25, "trend": 150.586223, "fair_value": 103.431963, "relative_strength": 18.836565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.796936, "energy": 71.859846, "activity_lines": [ 177.255968, 174.068742, 165.651163, 158.947862 ] }, { "date": "2026-07-31", "close": 179.45, "volume": 6526975, "typical_volume": 3892751.5, "trend": 152.236537, "fair_value": 104.079558, "relative_strength": 18.732871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.440947, "energy": 68.558809, "activity_lines": [ 178.278217, 175.635174, 167.770494, 160.810041 ] }, { "date": "2026-08-07", "close": 181.55, "volume": 2179942, "typical_volume": 3832544.05, "trend": 153.944401, "fair_value": 104.747938, "relative_strength": 15.384707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.321373, "energy": 69.155028, "activity_lines": [ 179.631406, 177.246696, 169.875503, 162.701233 ] } ], "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." } } }