Experimental model · INDEXES · Market · Weekly geometry

^AXJO Trend Architecture

S&P/ASX 200

Week ending 31 Jul 2026Close AUD 8976.80344 completed weeksBenchmark SPY
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Balance · Balance after decline

Directional pressure has compressed into balance.

The Activity Lines are tightly grouped or crossing, so neither side has durable control. The prior directional regime and the next fast/slow rotation provide the context; balance alone is not assumed to be a base.

  • The mixed Trend gate has persisted inside a 16-week recognized regime.
  • Fast/slow separation: 0.33 ATR; four-week change 0.20.
  • Activity fan: 0.43 ATR and expanding.
Direction37−100 bearish to +100 bullish
Energy31/100slope, width and expansion
Maturity34/100age, extension, recompression
Confidence55/100geometry plus confirmation
Trend gateMixedall Activity Lines vs Trend
Fan width0.43 ATR+26.0% own-history percentile
Price acceptance+33.3%six-week above/below fan balance
Fair Value context+9.8%AUD 8178.76 · gap +1.3% in 13w
Trend Architecture map · Rolling 156 weeks maximum

Weekly close, Activity fan, Trend Line and Fair Value

Background bands show the architecture recognized from information available at each completed week. Activity ordering, rotation and expansion determine the regime; the horizontal line shows this week's Fair Value as present-day context.

CloseActivity Lines30W TrendCurrent Fair Value
Price vs 30-week averageAbove+2.1%
30-week slopeRising+0.5%
Price vs current Fair ValuePremium+9.8%
13-week Fair Value gapClosing upward+1.3%
Mansfield RS vs SPYLagging-6.4%
13-week RS changeImproving+3.3%
26-week price momentumPositive+1.2%
13-week volume balanceDemand-led1.25×
Competing geometric explanations

Why this architecture regime won

Scores rank states; hard structure controls transitions
Balance56
Rotation Up48
Upward Expansion46
Deceleration36
Rotation Down22
Downward Expansion12

The Trend gate and Activity Lines are the same structural evidence viewed at different resolutions, so they are not counted twice. The gate establishes location; line order, slope, width, rotation and price acceptance establish lifecycle. Relative strength and volume influence confidence, not the regime itself.

Recent Trend Architecture ledger
RegimeRecognizedLast observationDurationMove inside regime
Balance2026-04-172026-07-3116w+0.3%
Downward Expansion2026-04-032026-04-102w+4.4%
Balance2026-03-202026-03-272w+1.0%
Rotation Up2026-02-272026-03-133w-6.3%
Balance2026-01-022026-02-208w+4.1%
Rotation Down2025-11-282025-12-265w+1.7%
Upward Expansion2025-10-242025-11-215w-6.7%
Deceleration2025-10-032025-10-173w+0.1%
Upward Expansion2025-07-042025-09-2613w+2.1%
Rotation Up2025-05-232025-06-276w+1.8%
Downward Expansion2025-04-042025-05-167w+8.8%
Rotation Down2025-03-212025-03-282w+0.6%
Upward Expansion2025-01-312025-03-147w-8.7%
Deceleration2025-01-032025-01-244w+1.9%
Classic Stage Analysis comparison
Stage 1 · Basing49
Stage 2 · Advancing55
Stage 3 · Distribution73
Stage 4 · Declining45

Legacy result: Stage 3 · Stage 3A · Churning. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

Is relative performance confirming the geometry?

Confirmation, not classification

Mansfield relative strength

The ticker/SPY ratio is compared with its own trailing 52-week average. Above zero indicates leadership relative to that normalized baseline.

Confirmation evidence

Lagging SPY

Architecture confirmation
32/100
Current Mansfield RS
-6.35
13-week RS change
3.31
26-week absolute return
+1.2%
26-week excess vs SPY
-7.3%
Sector regime cohort
39th percentile
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Latest / 20W volume1.20×

Latest completed volume relative to the 20-week average.

13W up/down volume1.25×

Volume on advancing weeks divided by volume on declining weeks.

Accumulation / distribution4 / 4

Above-average participation weeks during the last 13 observations.

Bullish Activity order+75.0%

Correctly ordered adjacent pairs: 5/10, 10/20, 20/30 and 30/Trend.

Fast/slow rotation0.33 ATR

Fast-centre separation from the slow-centre; direction of change identifies rotation.

Activity crossing density+50.0%

Recent crossovers among adjacent lines; high density is evidence of balance.

Weekly volume with architecture context

Regime bands repeat the state that was actually recognized at the time.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity · WMA 5AUD 8854.650.32 ATR change in 4w
Slow Activity · WMA 30AUD 8779.690.09 ATR change in 4w
30W Trend referenceAUD 8788.52+2.1% close margin
Current Fair ValueAUD 8178.76+9.8% close margin
26W structural lowAUD 8262.40shock / repair context
What changes the read?

Persistent fast/slow separation and fan expansion would end Balance; direction determines whether it becomes Rotation Up or Rotation Down.

13W ATR+1.9%
Annualized volatility+12.7%
From 52W high-2.5%
From 52W low+8.6%
Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Matches use only the architecture that would have been recognized at each completed week. Samples are spaced by the forward horizon to reduce overlap, and SPY comparison begins after each observation.

Forward windowSamplesMedian movePositive periodsDirectional follow-throughMedian excess vs SPYRegime survivedRead
4 weeks18-0.3%-6.1% to +6.2%+50.0%+50.0%+0.8%+66.7%Usable descriptive sample
13 weeks7-1.7%-12.7% to +3.9%+42.9%+42.9%+1.0%+28.6%Usable descriptive sample
26 weeks4+0.9%-0.0% to +1.3%+75.0%+75.0%-3.0%+50.0%Too little matched history
52 weeks2+5.6%+0.8% to +10.4%+100.0%+100.0%-3.0%+0.0%Too little matched history
Reproducible method

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture uses the Activity Line position as a direction gate, then classifies ordering, four-week slopes, ATR-normalized fan width, fast/slow rotation and six-week price acceptance. Ordinary regime changes require two completed observations; a fully aligned reversal beyond the fan can change immediately.

No double counting

The green/red/orange Trend gate is derived from the same Activity Lines and is therefore not counted as an independent vote. Relative strength and volume alter confirmation, while point-in-time Fair Value supplies context rather than determining the regime.

Fair Value and RS

current horizontal Fair Value is the arithmetic mean of up to 156 completed weekly closes; Stage 1 repair measures whether price is below and rising toward that anchor. Mansfield-style relative performance line: ticker/SPY divided by its trailing 52-week mean, minus one.

Known limitations

Weekly geometry recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.