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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": 72.678, "architecture_energy": 56.719, "architecture_maturity": 54.654, "architecture_confidence": 71.635, "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": 15.37, "rotation_up": 54.88, "upward_expansion": 79.56, "deceleration": 66.51, "rotation_down": 24.17, "downward_expansion": 8.56 }, "activity_lines": [ 137.086667, 136.282069, 133.510399, 130.512316 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 139.19, "trend_reference": 127.151064, "distance_from_trend": 0.094682, "trend_direction": "Improving", "fair_value": 104.735427, "distance_from_fair_value": 0.328968, "fair_value_direction": "Improving", "relative_strength": 3.532371, "relative_strength_direction": "Weakening", "price_momentum": 0.106409, "excess_performance": -0.019216, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094682, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.062181, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.328968, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.050522, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.035324, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.000468, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.106409, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.036321, "read": "Demand-led" } ], "volume": { "latest": 1150786, "relative_activity": 0.483322, "balance": 1.036321, "dry_up": 0.444742, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.030084, "annualized_volatility": 0.147388, "from_high_reference": -0.008548, "from_low_reference": 0.396334 }, "levels": { "trend_reference": 127.151064, "fair_value_reference": 104.735427, "structural_low": 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135.879333, 134.41823, 130.97473, 128.339519 ] }, { "date": "2026-07-24", "close": 135.88, "volume": 1028541, "typical_volume": 2503987.35, "trend": 125.771393, "fair_value": 104.172572, "relative_strength": 6.287846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.838887, "energy": 55.10848, "activity_lines": [ 135.997333, 135.006932, 131.801888, 129.03645 ] }, { "date": "2026-07-31", "close": 135.96, "volume": 1041390, "typical_volume": 2483441.55, "trend": 126.502678, "fair_value": 104.440292, "relative_strength": 4.923952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.2384, "energy": 50.792835, "activity_lines": [ 135.971333, 135.414849, 132.551609, 129.693779 ] }, { "date": "2026-08-07", "close": 139.19, "volume": 1150786, "typical_volume": 2380990.35, "trend": 127.151064, "fair_value": 104.735427, "relative_strength": 3.532371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.677641, "energy": 56.719055, "activity_lines": [ 137.086667, 136.282069, 133.510399, 130.512316 ] } ], "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." } } }