{
  "ticker": {
    "uuid": "6c4a4a0d-350e-4e72-bac8-a8bc456fb2b7",
    "symbol": "ZXLI",
    "name": "BMO SPDR Industrials Select Sector Index ETF",
    "exchange": "TOR",
    "country": "CA",
    "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": "2026-07-31",
    "latest_close": 37.720001,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 31.235176,
    "boundary_margin": 0.207613,
    "trend_agreement": "Fully aligned",
    "persistence": "Established",
    "direction_turnover": "Low",
    "annualized_volatility": 0.162445,
    "volatility_stability": 0.9725,
    "risk_context": 0.6156,
    "current_regime": {
      "move": 0.073421,
      "interruption": -0.085248,
      "interruption_label": "Deepest pullback inside regime"
    },
    "research_priority": 100.0,
    "interpretation": {
      "label": "Positive across all Trend views",
      "headline": "All measured Trend views are positive",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend is established.",
      "boundary_context": "The latest close is 20.8% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2026-02-06",
        "close": 35.139999,
        "direction_boundary": 29.131865,
        "core_momentum": 0.206239,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.144407
      },
      {
        "date": "2026-02-13",
        "close": 35.299999,
        "direction_boundary": 28.787863,
        "core_momentum": 0.226211,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.144288
      },
      {
        "date": "2026-02-20",
        "close": 36.130001,
        "direction_boundary": 28.87632,
        "core_momentum": 0.251198,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.146443
      },
      {
        "date": "2026-02-27",
        "close": 35.869999,
        "direction_boundary": 28.974606,
        "core_momentum": 0.237981,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.146882
      },
      {
        "date": "2026-03-06",
        "close": 34.509998,
        "direction_boundary": 28.070379,
        "core_momentum": 0.22941,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.159156
      },
      {
        "date": "2026-03-13",
        "close": 33.740002,
        "direction_boundary": 27.824663,
        "core_momentum": 0.212593,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.162805
      },
      {
        "date": "2026-03-20",
        "close": 33.369999,
        "direction_boundary": 28.158836,
        "core_momentum": 0.185063,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.163743
      },
      {
        "date": "2026-03-27",
        "close": 33.049999,
        "direction_boundary": 27.598608,
        "core_momentum": 0.197524,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.164576
      },
      {
        "date": "2026-04-03",
        "close": 34.02,
        "direction_boundary": 24.895754,
        "core_momentum": 0.366498,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.166085
      },
      {
        "date": "2026-04-10",
        "close": 35.389999,
        "direction_boundary": 25.898266,
        "core_momentum": 0.366501,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.169255
      },
      {
        "date": "2026-04-17",
        "close": 35.509998,
        "direction_boundary": 25.573923,
        "core_momentum": 0.388524,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.169062
      },
      {
        "date": "2026-04-24",
        "close": 35.200001,
        "direction_boundary": 26.497807,
        "core_momentum": 0.328412,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.168449
      },
      {
        "date": "2026-05-01",
        "close": 35.380001,
        "direction_boundary": 27.608437,
        "core_momentum": 0.281492,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.168326
      },
      {
        "date": "2026-05-08",
        "close": 35.439999,
        "direction_boundary": 28.070379,
        "core_momentum": 0.262541,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.166163
      },
      {
        "date": "2026-05-15",
        "close": 35.16,
        "direction_boundary": 29.397234,
        "core_momentum": 0.196031,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.166958
      },
      {
        "date": "2026-05-22",
        "close": 35.459999,
        "direction_boundary": 28.66992,
        "core_momentum": 0.236836,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.165471
      },
      {
        "date": "2026-05-29",
        "close": 35.740002,
        "direction_boundary": 29.171177,
        "core_momentum": 0.225182,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.164481
      },
      {
        "date": "2026-06-05",
        "close": 36.220001,
        "direction_boundary": 29.387405,
        "core_momentum": 0.232501,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.164962
      },
      {
        "date": "2026-06-12",
        "close": 36.689999,
        "direction_boundary": 28.935291,
        "core_momentum": 0.268002,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.165369
      },
      {
        "date": "2026-06-19",
        "close": 38.209999,
        "direction_boundary": 28.61095,
        "core_momentum": 0.335503,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.16879
      },
      {
        "date": "2026-06-26",
        "close": 38.73,
        "direction_boundary": 29.42672,
        "core_momentum": 0.316151,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.168907
      },
      {
        "date": "2026-07-03",
        "close": 39.84,
        "direction_boundary": 30.065577,
        "core_momentum": 0.325103,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.168843
      },
      {
        "date": "2026-07-10",
        "close": 38.619999,
        "direction_boundary": 30.557007,
        "core_momentum": 0.263867,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.166296
      },
      {
        "date": "2026-07-17",
        "close": 37.779999,
        "direction_boundary": 30.979633,
        "core_momentum": 0.219511,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.164584
      },
      {
        "date": "2026-07-24",
        "close": 38.490002,
        "direction_boundary": 31.097576,
        "core_momentum": 0.237717,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.163022
      },
      {
        "date": "2026-07-31",
        "close": 37.720001,
        "direction_boundary": 31.235176,
        "core_momentum": 0.207613,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.162445
      }
    ],
    "price_history": [
      {
        "date": "2025-02-07",
        "close": 29.131865,
        "volume": 1795
      },
      {
        "date": "2025-02-14",
        "close": 28.787863,
        "volume": 100
      },
      {
        "date": "2025-02-21",
        "close": 28.87632,
        "volume": 2892
      },
      {
        "date": "2025-02-28",
        "close": 28.974606,
        "volume": 6581
      },
      {
        "date": "2025-03-07",
        "close": 28.070379,
        "volume": 100
      },
      {
        "date": "2025-03-14",
        "close": 27.824663,
        "volume": 499
      },
      {
        "date": "2025-03-21",
        "close": 28.158836,
        "volume": 200
      },
      {
        "date": "2025-03-28",
        "close": 27.598608,
        "volume": 1097
      },
      {
        "date": "2025-04-04",
        "close": 24.895754,
        "volume": 4687
      },
      {
        "date": "2025-04-11",
        "close": 25.898266,
        "volume": 898
      },
      {
        "date": "2025-04-18",
        "close": 25.573923,
        "volume": 0
      },
      {
        "date": "2025-04-25",
        "close": 26.497807,
        "volume": 5483
      },
      {
        "date": "2025-05-02",
        "close": 27.608437,
        "volume": 9671
      },
      {
        "date": "2025-05-09",
        "close": 28.070379,
        "volume": 3290
      },
      {
        "date": "2025-05-16",
        "close": 29.397234,
        "volume": 0
      },
      {
        "date": "2025-05-23",
        "close": 28.66992,
        "volume": 2393
      },
      {
        "date": "2025-05-30",
        "close": 29.171177,
        "volume": 0
      },
      {
        "date": "2025-06-06",
        "close": 29.387405,
        "volume": 1994
      },
      {
        "date": "2025-06-13",
        "close": 28.935291,
        "volume": 0
      },
      {
        "date": "2025-06-20",
        "close": 28.61095,
        "volume": 199
      },
      {
        "date": "2025-06-27",
        "close": 29.42672,
        "volume": 0
      },
      {
        "date": "2025-07-04",
        "close": 30.065577,
        "volume": 0
      },
      {
        "date": "2025-07-11",
        "close": 30.557007,
        "volume": 997
      },
      {
        "date": "2025-07-18",
        "close": 30.979633,
        "volume": 698
      },
      {
        "date": "2025-07-25",
        "close": 31.097576,
        "volume": 997
      },
      {
        "date": "2025-08-01",
        "close": 31.235176,
        "volume": 0
      },
      {
        "date": "2025-08-08",
        "close": 30.733919,
        "volume": 2892
      },
      {
        "date": "2025-08-15",
        "close": 31.018948,
        "volume": 399
      },
      {
        "date": "2025-08-22",
        "close": 31.107405,
        "volume": 399
      },
      {
        "date": "2025-08-29",
        "close": 30.969805,
        "volume": 5982
      },
      {
        "date": "2025-09-05",
        "close": 30.989462,
        "volume": 1196
      },
      {
        "date": "2025-09-12",
        "close": 31.392431,
        "volume": 40279
      },
      {
        "date": "2025-09-19",
        "close": 31.294146,
        "volume": 299
      },
      {
        "date": "2025-09-26",
        "close": 31.421921,
        "volume": 5683
      },
      {
        "date": "2025-10-03",
        "close": 32.178719,
        "volume": 399
      },
      {
        "date": "2025-10-10",
        "close": 31.402262,
        "volume": 1396
      },
      {
        "date": "2025-10-17",
        "close": 31.726604,
        "volume": 0
      },
      {
        "date": "2025-10-24",
        "close": 32.365459,
        "volume": 2194
      },
      {
        "date": "2025-10-31",
        "close": 32.316315,
        "volume": 3489
      },
      {
        "date": "2025-11-07",
        "close": 31.82489,
        "volume": 898
      },
      {
        "date": "2025-11-14",
        "close": 31.854376,
        "volume": 1595
      },
      {
        "date": "2025-11-21",
        "close": 31.47106,
        "volume": 1395
      },
      {
        "date": "2025-11-28",
        "close": 32.031288,
        "volume": 2891
      },
      {
        "date": "2025-12-05",
        "close": 32.208206,
        "volume": 398
      },
      {
        "date": "2025-12-12",
        "close": 32.345802,
        "volume": 200
      },
      {
        "date": "2025-12-19",
        "close": 31.736433,
        "volume": 5483
      },
      {
        "date": "2025-12-26",
        "close": 32.109921,
        "volume": 3390
      },
      {
        "date": "2026-01-02",
        "close": 31.709999,
        "volume": 4900
      },
      {
        "date": "2026-01-09",
        "close": 33.360001,
        "volume": 2500
      },
      {
        "date": "2026-01-16",
        "close": 34.580002,
        "volume": 4500
      },
      {
        "date": "2026-01-23",
        "close": 33.98,
        "volume": 500
      },
      {
        "date": "2026-01-30",
        "close": 33.240002,
        "volume": 1600
      },
      {
        "date": "2026-02-06",
        "close": 35.139999,
        "volume": 26000
      },
      {
        "date": "2026-02-13",
        "close": 35.299999,
        "volume": 5100
      },
      {
        "date": "2026-02-20",
        "close": 36.130001,
        "volume": 3600
      },
      {
        "date": "2026-02-27",
        "close": 35.869999,
        "volume": 2400
      },
      {
        "date": "2026-03-06",
        "close": 34.509998,
        "volume": 6300
      },
      {
        "date": "2026-03-13",
        "close": 33.740002,
        "volume": 13400
      },
      {
        "date": "2026-03-20",
        "close": 33.369999,
        "volume": 3000
      },
      {
        "date": "2026-03-27",
        "close": 33.049999,
        "volume": 39000
      },
      {
        "date": "2026-04-03",
        "close": 34.02,
        "volume": 25800
      },
      {
        "date": "2026-04-10",
        "close": 35.389999,
        "volume": 22900
      },
      {
        "date": "2026-04-17",
        "close": 35.509998,
        "volume": 7800
      },
      {
        "date": "2026-04-24",
        "close": 35.200001,
        "volume": 18300
      },
      {
        "date": "2026-05-01",
        "close": 35.380001,
        "volume": 8600
      },
      {
        "date": "2026-05-08",
        "close": 35.439999,
        "volume": 1300
      },
      {
        "date": "2026-05-15",
        "close": 35.16,
        "volume": 1900
      },
      {
        "date": "2026-05-22",
        "close": 35.459999,
        "volume": 14500
      },
      {
        "date": "2026-05-29",
        "close": 35.740002,
        "volume": 14100
      },
      {
        "date": "2026-06-05",
        "close": 36.220001,
        "volume": 200
      },
      {
        "date": "2026-06-12",
        "close": 36.689999,
        "volume": 1300
      },
      {
        "date": "2026-06-19",
        "close": 38.209999,
        "volume": 100
      },
      {
        "date": "2026-06-26",
        "close": 38.73,
        "volume": 2400
      },
      {
        "date": "2026-07-03",
        "close": 39.84,
        "volume": 6800
      },
      {
        "date": "2026-07-10",
        "close": 38.619999,
        "volume": 5700
      },
      {
        "date": "2026-07-17",
        "close": 37.779999,
        "volume": 20900
      },
      {
        "date": "2026-07-24",
        "close": 38.490002,
        "volume": 1600
      },
      {
        "date": "2026-07-31",
        "close": 37.720001,
        "volume": 8800
      }
    ],
    "sharemaestro_context": {
      "trend": 35.729,
      "fair_value": 32.199753,
      "market_activity": 55.30749,
      "market_dynamics": 0.822049,
      "relative_strength": 1.538547
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": -0.002012,
        "directional_follow_through": 0.5,
        "regime_survival": 1.0,
        "conditional_difference": -0.010793,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.008537,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.057602,
        "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": "2026-02-06",
        "end": "2026-07-31",
        "tenure": "Established",
        "return": 0.073421
      }
    ]
  }
}