{
  "ticker": {
    "uuid": "411c7081-8fc9-407f-8e4d-94fbc5a264b0",
    "symbol": "FMKT",
    "name": "THE FREE MARKETS ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 22.4916,
    "direction": "positive",
    "state": "Positive, shorter trend weakening",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 21.584006,
    "boundary_margin": 0.042049,
    "trend_agreement": "Broadly aligned",
    "persistence": "Early",
    "direction_turnover": "Low",
    "annualized_volatility": 0.148648,
    "volatility_stability": 0.8774,
    "risk_context": 0.6727,
    "current_regime": {
      "move": 0.02823,
      "interruption": -0.012318,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 61.948,
    "interpretation": {
      "label": "Positive, shorter trend weakening",
      "headline": "Positive, shorter trend weakening",
      "body": "The Core Trend remains in force, but the Fast Trend now points the other way. That is an early loss of persistence, not yet a regime change.",
      "age_context": "The current Core Trend remains in its early lifecycle.",
      "boundary_context": "The latest close is 4.2% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-06-12",
        "close": 21.8741,
        "direction_boundary": 19.468695,
        "core_momentum": 0.123552,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.149271
      },
      {
        "date": "2026-06-19",
        "close": 22.0077,
        "direction_boundary": 19.758375,
        "core_momentum": 0.113842,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.149494
      },
      {
        "date": "2026-06-26",
        "close": 21.8058,
        "direction_boundary": 20.166356,
        "core_momentum": 0.081296,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.150015
      },
      {
        "date": "2026-07-03",
        "close": 22.0333,
        "direction_boundary": 20.462304,
        "core_momentum": 0.076775,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.15055
      },
      {
        "date": "2026-07-10",
        "close": 21.9578,
        "direction_boundary": 20.552008,
        "core_momentum": 0.068402,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.148275
      },
      {
        "date": "2026-07-17",
        "close": 21.7701,
        "direction_boundary": 21.456206,
        "core_momentum": 0.01463,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.14758
      },
      {
        "date": "2026-07-24",
        "close": 21.8128,
        "direction_boundary": 21.628173,
        "core_momentum": 0.008536,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.147384
      },
      {
        "date": "2026-07-31",
        "close": 21.7619,
        "direction_boundary": 21.202075,
        "core_momentum": 0.026404,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.141573
      },
      {
        "date": "2026-08-07",
        "close": 22.4916,
        "direction_boundary": 21.584006,
        "core_momentum": 0.042049,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.148648
      }
    ],
    "price_history": [
      {
        "date": "2025-06-13",
        "close": 19.468695,
        "volume": 699190
      },
      {
        "date": "2025-06-20",
        "close": 19.758375,
        "volume": 172190
      },
      {
        "date": "2025-06-27",
        "close": 20.166356,
        "volume": 254422
      },
      {
        "date": "2025-07-04",
        "close": 20.462304,
        "volume": 94383
      },
      {
        "date": "2025-07-11",
        "close": 20.552008,
        "volume": 82925
      },
      {
        "date": "2025-07-18",
        "close": 21.456206,
        "volume": 211856
      },
      {
        "date": "2025-07-25",
        "close": 21.628173,
        "volume": 114762
      },
      {
        "date": "2025-08-01",
        "close": 21.202075,
        "volume": 119390
      },
      {
        "date": "2025-08-08",
        "close": 21.584006,
        "volume": 51467
      },
      {
        "date": "2025-08-15",
        "close": 21.40773,
        "volume": 56310
      },
      {
        "date": "2025-08-22",
        "close": 21.382562,
        "volume": 57569
      },
      {
        "date": "2025-08-29",
        "close": 21.300006,
        "volume": 62217
      },
      {
        "date": "2025-09-05",
        "close": 21.28042,
        "volume": 35971
      },
      {
        "date": "2025-09-12",
        "close": 22.103041,
        "volume": 83719
      },
      {
        "date": "2025-09-19",
        "close": 22.690627,
        "volume": 53275
      },
      {
        "date": "2025-09-26",
        "close": 22.70042,
        "volume": 23625
      },
      {
        "date": "2025-10-03",
        "close": 23.415317,
        "volume": 60850
      },
      {
        "date": "2025-10-10",
        "close": 22.886489,
        "volume": 242674
      },
      {
        "date": "2025-10-17",
        "close": 22.835173,
        "volume": 194672
      },
      {
        "date": "2025-10-24",
        "close": 23.082351,
        "volume": 121051
      },
      {
        "date": "2025-10-31",
        "close": 22.906075,
        "volume": 105118
      },
      {
        "date": "2025-11-07",
        "close": 22.13242,
        "volume": 126328
      },
      {
        "date": "2025-11-14",
        "close": 21.593995,
        "volume": 81283
      },
      {
        "date": "2025-11-21",
        "close": 21.196591,
        "volume": 59445
      },
      {
        "date": "2025-11-28",
        "close": 22.063868,
        "volume": 21875
      },
      {
        "date": "2025-12-05",
        "close": 22.083454,
        "volume": 56983
      },
      {
        "date": "2025-12-12",
        "close": 21.860661,
        "volume": 49531
      },
      {
        "date": "2025-12-19",
        "close": 21.897385,
        "volume": 30425
      },
      {
        "date": "2025-12-26",
        "close": 21.9516,
        "volume": 74720
      },
      {
        "date": "2026-01-02",
        "close": 22.07,
        "volume": 29488
      },
      {
        "date": "2026-01-09",
        "close": 22.4752,
        "volume": 40096
      },
      {
        "date": "2026-01-16",
        "close": 22.7289,
        "volume": 27005
      },
      {
        "date": "2026-01-23",
        "close": 22.5515,
        "volume": 30074
      },
      {
        "date": "2026-01-30",
        "close": 21.89,
        "volume": 33130
      },
      {
        "date": "2026-02-06",
        "close": 22.04,
        "volume": 44970
      },
      {
        "date": "2026-02-13",
        "close": 21.985,
        "volume": 32079
      },
      {
        "date": "2026-02-20",
        "close": 22.04,
        "volume": 20919
      },
      {
        "date": "2026-02-27",
        "close": 21.9194,
        "volume": 27553
      },
      {
        "date": "2026-03-06",
        "close": 21.1237,
        "volume": 35247
      },
      {
        "date": "2026-03-13",
        "close": 20.8929,
        "volume": 21469
      },
      {
        "date": "2026-03-20",
        "close": 20.4237,
        "volume": 25646
      },
      {
        "date": "2026-03-27",
        "close": 20.3397,
        "volume": 15318
      },
      {
        "date": "2026-04-03",
        "close": 20.624,
        "volume": 38239
      },
      {
        "date": "2026-04-10",
        "close": 20.9,
        "volume": 28589
      },
      {
        "date": "2026-04-17",
        "close": 22.1282,
        "volume": 35543
      },
      {
        "date": "2026-04-24",
        "close": 21.63,
        "volume": 49795
      },
      {
        "date": "2026-05-01",
        "close": 22.1823,
        "volume": 52029
      },
      {
        "date": "2026-05-08",
        "close": 22.5825,
        "volume": 23383
      },
      {
        "date": "2026-05-15",
        "close": 22.4408,
        "volume": 9979
      },
      {
        "date": "2026-05-22",
        "close": 22.415,
        "volume": 31702
      },
      {
        "date": "2026-05-29",
        "close": 22.7549,
        "volume": 33559
      },
      {
        "date": "2026-06-05",
        "close": 21.72,
        "volume": 11652
      },
      {
        "date": "2026-06-12",
        "close": 21.8741,
        "volume": 42982
      },
      {
        "date": "2026-06-19",
        "close": 22.0077,
        "volume": 14730
      },
      {
        "date": "2026-06-26",
        "close": 21.8058,
        "volume": 14268
      },
      {
        "date": "2026-07-03",
        "close": 22.0333,
        "volume": 8901
      },
      {
        "date": "2026-07-10",
        "close": 21.9578,
        "volume": 44379
      },
      {
        "date": "2026-07-17",
        "close": 21.7701,
        "volume": 11852
      },
      {
        "date": "2026-07-24",
        "close": 21.8128,
        "volume": 7058
      },
      {
        "date": "2026-07-31",
        "close": 21.7619,
        "volume": 19083
      },
      {
        "date": "2026-08-07",
        "close": 22.4916,
        "volume": 24173
      }
    ],
    "sharemaestro_context": {
      "trend": 21.827587,
      "fair_value": 21.777396,
      "market_activity": 12.171528,
      "market_dynamics": -0.331859,
      "relative_strength": -8.83344
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": 0.003826,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.003505,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "positive",
        "start": "2026-06-12",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.02823
      }
    ]
  }
}