{
  "ticker": {
    "uuid": "fa5806c5-0938-4ba7-bd61-a83e85c9459b",
    "symbol": "FJUN",
    "name": "FT VEST U.S. EQUITY BUFFER ETF - JUNE",
    "exchange": "CBOE",
    "country": "US",
    "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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 58.37,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 85.444,
    "architecture_energy": 61.37,
    "architecture_maturity": 50.668,
    "architecture_confidence": 64.072,
    "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": 14.63,
        "rotation_up": 62.38,
        "upward_expansion": 82.09,
        "deceleration": 65.16,
        "rotation_down": 22.29,
        "downward_expansion": 8.76
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 61.2935,
    "trend_reference": 58.58816,
    "distance_from_trend": 0.046176,
    "trend_direction": "Improving",
    "fair_value": 51.267157,
    "distance_from_fair_value": 0.19557,
    "fair_value_direction": "Improving",
    "relative_strength": -5.042863,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.063385,
    "excess_performance": -0.06224,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.046176,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019101,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.19557,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.000382,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.050429,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.004678,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.063385,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.454895,
        "read": "Supply-led"
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    ],
    "volume": {
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      "relative_activity": 0.509454,
      "balance": 0.454895,
      "dry_up": 0.399515,
      "accumulation_observations": 1,
      "distribution_observations": 1
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    "risk": {
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      "annualized_volatility": 0.069316,
      "from_high_reference": -0.002547,
      "from_low_reference": 0.126822
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    "levels": {
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      "fair_value_reference": 51.267157,
      "structural_low": 55.28,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 39,
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        "sufficient": true
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 50.913381,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-24",
        "close": 59.5956,
        "volume": 93801,
        "typical_volume": 290418.5,
        "trend": 58.362377,
        "fair_value": 51.023673,
        "relative_strength": -3.710312,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 50.468453,
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      },
      {
        "date": "2026-07-31",
        "close": 60.09,
        "volume": 127362,
        "typical_volume": 293952.4,
        "trend": 58.461043,
        "fair_value": 51.141301,
        "relative_strength": -3.803277,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.953389,
        "energy": 50.443652,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 61.2935,
        "volume": 151483,
        "typical_volume": 297343.65,
        "trend": 58.58816,
        "fair_value": 51.267157,
        "relative_strength": -5.042863,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.444349,
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        "activity_lines": [
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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."
    }
  }
}