{
  "ticker": {
    "uuid": "f83c4cca-9f4d-44c9-b3eb-3dd238627f8d",
    "symbol": "IWM",
    "name": "iShares Russell 2000 ETF",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "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": 59.039,
    "architecture_energy": 49.837,
    "architecture_maturity": 93.241,
    "architecture_confidence": 59.088,
    "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": 21.96,
        "rotation_up": 45.07,
        "upward_expansion": 70.19,
        "deceleration": 65.45,
        "rotation_down": 27.52,
        "downward_expansion": 20.19
      },
      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 5157.0,
    "trend_reference": 4783.817155,
    "distance_from_trend": 0.078009,
    "trend_direction": "Improving",
    "fair_value": 4093.230633,
    "distance_from_fair_value": 0.259885,
    "fair_value_direction": "Improving",
    "relative_strength": 8.701673,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.140748,
    "excess_performance": 0.195414,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.078009,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.044427,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.259885,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.02251,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.087017,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.086892,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.140748,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.218579,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1189,
      "relative_activity": 0.559358,
      "balance": 0.218579,
      "dry_up": 0.35201,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.022012,
      "annualized_volatility": 0.140576,
      "from_high_reference": -0.015088,
      "from_low_reference": 0.258991
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    "levels": {
      "trend_reference": 4783.817155,
      "fair_value_reference": 4093.230633,
      "structural_low": 4366.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.015646,
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        "directional_follow_through": 0.695652,
        "median_excess_return": 0.016211,
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        "worst_return": -0.055256,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": -0.160508,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "worst_return": -0.18067,
        "sufficient": false
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        "horizon": "Full cycle",
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        "regime": "downward_expansion",
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      },
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      },
      {
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 4058.274214,
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      },
      {
        "date": "2026-07-24",
        "close": 5100.0,
        "volume": 193,
        "typical_volume": 2550.2,
        "trend": 4747.771549,
        "fair_value": 4070.064968,
        "relative_strength": 8.692949,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 64.476464,
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      },
      {
        "date": "2026-07-31",
        "close": 5015.0,
        "volume": 809,
        "typical_volume": 2068.9,
        "trend": 4767.974642,
        "fair_value": 4080.927569,
        "relative_strength": 5.883042,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.184717,
        "energy": 55.399302,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 5157.0,
        "volume": 1189,
        "typical_volume": 2125.65,
        "trend": 4783.817155,
        "fair_value": 4093.230633,
        "relative_strength": 8.701673,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.038903,
        "energy": 49.837458,
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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."
    }
  }
}