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Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^SSMI", "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": 97.414, "architecture_energy": 92.235, "architecture_maturity": 36.723, "architecture_confidence": 73.939, "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": 0.0, "rotation_up": 83.41, "upward_expansion": 96.91, "deceleration": 41.43, "rotation_down": 15.43, "downward_expansion": 18.91 }, "activity_lines": [ 139.473335, 138.089455, 136.114572, 133.9157 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 142.5, "trend_reference": 131.452814, "distance_from_trend": 0.084039, "trend_direction": "Improving", "fair_value": 111.306966, "distance_from_fair_value": 0.280243, "fair_value_direction": "Improving", "relative_strength": 1.437022, "relative_strength_direction": "Weakening", "price_momentum": 0.102181, "excess_performance": 0.019298, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084039, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041383, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.280243, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.041467, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.01437, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.04645, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.102181, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 42.682431, "read": "Demand-led" } ], "volume": { "latest": 98360, "relative_activity": 4.066799, "balance": 42.682431, "dry_up": 1.902487, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.010861, "annualized_volatility": 0.087435, "from_high_reference": -0.001821, "from_low_reference": 0.231393 }, "levels": { "trend_reference": 131.452814, "fair_value_reference": 111.306966, "structural_low": 121.300003, 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"direction": 79.149372, "energy": 83.274438, "activity_lines": [ 136.248, 135.766182, 133.328095, 131.622503 ] }, { "date": "2026-07-17", "close": 137.020004, "volume": 7703, "typical_volume": 16110.9, "trend": 129.885355, "fair_value": 110.379889, "relative_strength": -1.14127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.114357, "energy": 86.924515, "activity_lines": [ 136.618669, 136.100001, 133.906286, 132.114935 ] }, { "date": "2026-07-24", "close": 137.720001, "volume": 13750, "typical_volume": 16589.45, "trend": 130.384217, "fair_value": 110.670813, "relative_strength": -0.488608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.306299, "energy": 87.063305, "activity_lines": [ 137.125336, 136.48691, 134.514191, 132.620396 ] }, { "date": "2026-07-31", "close": 138.860001, "volume": 64242, "typical_volume": 19392.2, "trend": 130.898568, "fair_value": 110.975699, "relative_strength": 0.230898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.456532, "energy": 82.825487, "activity_lines": [ 137.790669, 136.996365, 135.175429, 133.167221 ] }, { "date": "2026-08-07", "close": 142.5, "volume": 98360, "typical_volume": 24186.1, "trend": 131.452814, "fair_value": 111.306966, "relative_strength": 1.437022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.414098, "energy": 92.234738, "activity_lines": [ 139.473335, 138.089455, 136.114572, 133.9157 ] } ], "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." } } }