{
  "ticker": {
    "uuid": "f13e9e13-d103-42d5-b476-58fdf2014e29",
    "symbol": "^SET.BK",
    "name": "SET Index",
    "exchange": "INDEXES",
    "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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 64.947,
    "architecture_energy": 62.669,
    "architecture_maturity": 71.67,
    "architecture_confidence": 89.072,
    "architecture_tenure": "Extended",
    "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": 11.17,
        "rotation_up": 59.56,
        "upward_expansion": 84.58,
        "deceleration": 61.65,
        "rotation_down": 23.65,
        "downward_expansion": 11.24
      },
      "activity_lines": [
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      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 1614.420044,
    "trend_reference": 1499.045996,
    "distance_from_trend": 0.076965,
    "trend_direction": "Improving",
    "fair_value": 1362.296086,
    "distance_from_fair_value": 0.185073,
    "fair_value_direction": "Improving",
    "relative_strength": 2.808446,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.192325,
    "excess_performance": 0.0667,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.076965,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.082018,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.185073,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.079442,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.028084,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.002918,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.192325,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 13.839455,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 13.839455,
      "dry_up": 0.597704,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.022997,
      "annualized_volatility": 0.184231,
      "from_high_reference": -0.025115,
      "from_low_reference": 0.314214
    },
    "levels": {
      "trend_reference": 1499.045996,
      "fair_value_reference": 1362.296086,
      "structural_low": 1331.22998,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
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        "positive_rate": 0.565217,
        "directional_follow_through": 0.565217,
        "median_excess_return": 0.008864,
        "regime_survival": 0.826087,
        "best_return": 0.065718,
        "worst_return": -0.04826,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "positive_rate": 0.375,
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        "median_excess_return": 0.012373,
        "regime_survival": 0.5,
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        "worst_return": -0.041191,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "median_excess_return": 0.022862,
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        "worst_return": -0.220904,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.149181,
        "sufficient": false
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        "tenure": "New",
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        "regime": "rotation_down",
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      {
        "regime": "downward_expansion",
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        "tenure": "Established",
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      },
      {
        "regime": "balance",
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        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-31",
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      },
      {
        "date": "2026-08-07",
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        "fair_value": 1362.296086,
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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."
    }
  }
}