{ "ticker": { "uuid": "ff851dab-93cf-4f57-abba-a654568b5229", "symbol": "SSPY", "name": "Leverage Shares -5x Short S&P 500 ETP Securities", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -18.484, "architecture_energy": 27.204, "architecture_maturity": 100.0, "architecture_confidence": 70.529, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 45.51, "rotation_up": 45.03, "upward_expansion": 32.12, "deceleration": 44.44, "rotation_down": 23.83, "downward_expansion": 51.79 }, "activity_lines": [ 18.691333, 17.724, 17.085571, 18.733376 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 16.08, "trend_reference": 20.68, "distance_from_trend": -0.222437, "trend_direction": "Weakening", "fair_value": 118.475929, "distance_from_fair_value": -0.864276, "fair_value_direction": "Improving", "relative_strength": -40.809334, "relative_strength_direction": "Improving", "price_momentum": -0.33, "excess_performance": -0.381235, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.222437, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.142146, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.864276, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.02699, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.408093, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.162342, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.33, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.510781, "read": "Supply-led" } ], "volume": { "latest": 37384, "relative_activity": 0.030899, "balance": 0.510781, "dry_up": 0.021116, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.135553, "annualized_volatility": 0.818586, "from_high_reference": -0.611594, "from_low_reference": 0.182353 }, "levels": { "trend_reference": 20.68, "fair_value_reference": 118.475929, "structural_low": 13.6, 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"gate": "down", "direction": -44.903212, "energy": 39.76457, "activity_lines": [ 15.981667, 15.325455, 17.294286, 19.274624 ] }, { "date": "2026-07-17", "close": 19.83, "volume": 20868, "typical_volume": 1579631.45, "trend": 21.2475, "fair_value": 123.458141, "relative_strength": -29.574573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.884863, "energy": 30.040496, "activity_lines": [ 17.442, 16.189182, 17.274071, 19.169796 ] }, { "date": "2026-07-24", "close": 20.315, "volume": 11744, "typical_volume": 1446849.25, "trend": 21.111333, "fair_value": 121.886763, "relative_strength": -27.455021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.424775, "energy": 27.119345, "activity_lines": [ 18.715333, 17.062364, 17.321333, 19.109634 ] }, { "date": "2026-07-31", "close": 20.13, "volume": 32192, "typical_volume": 1315636.95, "trend": 20.930667, "fair_value": 120.227981, "relative_strength": -27.297399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.189755, "energy": 32.855881, "activity_lines": [ 19.532667, 17.812545, 17.376143, 19.046323 ] }, { "date": "2026-08-07", "close": 16.08, "volume": 37384, "typical_volume": 1209865.9, "trend": 20.68, "fair_value": 118.475929, "relative_strength": -40.809334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.483974, "energy": 27.204121, "activity_lines": [ 18.691333, 17.724, 17.085571, 18.733376 ] } ], "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." } } }