{
  "ticker": {
    "uuid": "a4ec3952-54e7-4a71-9189-62a8304dabee",
    "symbol": "XCNY",
    "name": "SPDR S&P EMERGING MARKETS EX-CHINA ETF",
    "exchange": "NASDAQ",
    "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": 33.2151,
    "direction": "positive",
    "state": "Positive across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 25.681589,
    "boundary_margin": 0.293343,
    "trend_agreement": "Fully aligned",
    "persistence": "Mature",
    "direction_turnover": "Low",
    "annualized_volatility": 0.221611,
    "volatility_stability": 1.2031,
    "risk_context": 0.4512,
    "current_regime": {
      "move": 0.278983,
      "interruption": -0.101893,
      "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 has persisted into a mature lifecycle.",
      "boundary_context": "The latest close is 29.3% above the decision boundary.",
      "stability_context": "Recent Core Trend turnover is low."
    },
    "chart_path": [
      {
        "date": "2025-09-05",
        "close": 25.969923,
        "direction_boundary": 23.806985,
        "core_momentum": 0.090853,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.169243
      },
      {
        "date": "2025-09-12",
        "close": 26.555933,
        "direction_boundary": 24.490074,
        "core_momentum": 0.084355,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.170657
      },
      {
        "date": "2025-09-19",
        "close": 27.029442,
        "direction_boundary": 24.815648,
        "core_momentum": 0.08921,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.171222
      },
      {
        "date": "2025-09-26",
        "close": 26.738748,
        "direction_boundary": 25.336815,
        "core_momentum": 0.055332,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.170535
      },
      {
        "date": "2025-10-03",
        "close": 27.151777,
        "direction_boundary": 24.507584,
        "core_momentum": 0.107893,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.127066
      },
      {
        "date": "2025-10-10",
        "close": 26.489553,
        "direction_boundary": 24.682878,
        "core_momentum": 0.073195,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.131487
      },
      {
        "date": "2025-10-17",
        "close": 27.414445,
        "direction_boundary": 24.79275,
        "core_momentum": 0.105744,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.135742
      },
      {
        "date": "2025-10-24",
        "close": 27.735329,
        "direction_boundary": 24.29294,
        "core_momentum": 0.141703,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.132656
      },
      {
        "date": "2025-10-31",
        "close": 27.759029,
        "direction_boundary": 24.042795,
        "core_momentum": 0.154567,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.124378
      },
      {
        "date": "2025-11-07",
        "close": 27.387794,
        "direction_boundary": 24.159113,
        "core_momentum": 0.133642,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.127083
      },
      {
        "date": "2025-11-14",
        "close": 27.591457,
        "direction_boundary": 23.369328,
        "core_momentum": 0.18067,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.119409
      },
      {
        "date": "2025-11-21",
        "close": 26.857543,
        "direction_boundary": 23.73656,
        "core_momentum": 0.131484,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.126631
      },
      {
        "date": "2025-11-28",
        "close": 27.481316,
        "direction_boundary": 23.667578,
        "core_momentum": 0.161138,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.127521
      },
      {
        "date": "2025-12-05",
        "close": 27.466467,
        "direction_boundary": 24.207795,
        "core_momentum": 0.134613,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.125721
      },
      {
        "date": "2025-12-12",
        "close": 27.399398,
        "direction_boundary": 24.162576,
        "core_momentum": 0.13396,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.125901
      },
      {
        "date": "2025-12-19",
        "close": 27.654395,
        "direction_boundary": 23.518453,
        "core_momentum": 0.175859,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.124497
      },
      {
        "date": "2025-12-26",
        "close": 28.04,
        "direction_boundary": 23.452633,
        "core_momentum": 0.195601,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.11309
      },
      {
        "date": "2026-01-02",
        "close": 28.5331,
        "direction_boundary": 23.564548,
        "core_momentum": 0.210849,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.113206
      },
      {
        "date": "2026-01-09",
        "close": 28.81,
        "direction_boundary": 22.942159,
        "core_momentum": 0.255767,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.109306
      },
      {
        "date": "2026-01-16",
        "close": 29.17,
        "direction_boundary": 23.228997,
        "core_momentum": 0.255758,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.109763
      },
      {
        "date": "2026-01-23",
        "close": 29.65,
        "direction_boundary": 23.462356,
        "core_momentum": 0.263726,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.110874
      },
      {
        "date": "2026-01-30",
        "close": 29.5409,
        "direction_boundary": 23.190103,
        "core_momentum": 0.273858,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.105678
      },
      {
        "date": "2026-02-06",
        "close": 30.295,
        "direction_boundary": 23.248443,
        "core_momentum": 0.303098,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.108609
      },
      {
        "date": "2026-02-13",
        "close": 30.75,
        "direction_boundary": 23.258167,
        "core_momentum": 0.322116,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.109178
      },
      {
        "date": "2026-02-20",
        "close": 31.1131,
        "direction_boundary": 23.15121,
        "core_momentum": 0.343908,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.109413
      },
      {
        "date": "2026-02-27",
        "close": 31.1406,
        "direction_boundary": 22.246942,
        "core_momentum": 0.39977,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.103934
      },
      {
        "date": "2026-03-06",
        "close": 29.015,
        "direction_boundary": 22.775793,
        "core_momentum": 0.27394,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.149753
      },
      {
        "date": "2026-03-13",
        "close": 28.3823,
        "direction_boundary": 22.752554,
        "core_momentum": 0.247434,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151683
      },
      {
        "date": "2026-03-20",
        "close": 28.0128,
        "direction_boundary": 23.033169,
        "core_momentum": 0.216194,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.151553
      },
      {
        "date": "2026-03-27",
        "close": 27.9676,
        "direction_boundary": 22.713661,
        "core_momentum": 0.231312,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.150608
      },
      {
        "date": "2026-04-03",
        "close": 28.7222,
        "direction_boundary": 21.119038,
        "core_momentum": 0.360015,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.153436
      },
      {
        "date": "2026-04-10",
        "close": 30.6038,
        "direction_boundary": 21.79967,
        "core_momentum": 0.403865,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.17034
      },
      {
        "date": "2026-04-17",
        "close": 31.8978,
        "direction_boundary": 22.227495,
        "core_momentum": 0.43506,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.172999
      },
      {
        "date": "2026-04-24",
        "close": 31.664639,
        "direction_boundary": 22.869234,
        "core_momentum": 0.384596,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.173724
      },
      {
        "date": "2026-05-01",
        "close": 31.618212,
        "direction_boundary": 23.797811,
        "core_momentum": 0.328619,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.173867
      },
      {
        "date": "2026-05-08",
        "close": 32.771551,
        "direction_boundary": 23.812395,
        "core_momentum": 0.376239,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.176806
      },
      {
        "date": "2026-05-15",
        "close": 31.523076,
        "direction_boundary": 24.67777,
        "core_momentum": 0.277388,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.18783
      },
      {
        "date": "2026-05-22",
        "close": 32.199247,
        "direction_boundary": 24.580537,
        "core_momentum": 0.309949,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.183198
      },
      {
        "date": "2026-05-29",
        "close": 33.17392,
        "direction_boundary": 24.298561,
        "core_momentum": 0.365263,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.184636
      },
      {
        "date": "2026-06-05",
        "close": 31.879117,
        "direction_boundary": 24.79445,
        "core_momentum": 0.285736,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.19565
      },
      {
        "date": "2026-06-12",
        "close": 32.829784,
        "direction_boundary": 24.787255,
        "core_momentum": 0.324462,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.197955
      },
      {
        "date": "2026-06-19",
        "close": 34.103853,
        "direction_boundary": 24.541644,
        "core_momentum": 0.389632,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.202605
      },
      {
        "date": "2026-06-26",
        "close": 32.8643,
        "direction_boundary": 25.597999,
        "core_momentum": 0.283862,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.211774
      },
      {
        "date": "2026-07-03",
        "close": 33.1213,
        "direction_boundary": 26.035614,
        "core_momentum": 0.272154,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.211164
      },
      {
        "date": "2026-07-10",
        "close": 33.5004,
        "direction_boundary": 25.583248,
        "core_momentum": 0.309466,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.211241
      },
      {
        "date": "2026-07-17",
        "close": 32.0995,
        "direction_boundary": 25.784846,
        "core_momentum": 0.244898,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.221381
      },
      {
        "date": "2026-07-24",
        "close": 31.9906,
        "direction_boundary": 25.853684,
        "core_momentum": 0.237371,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.220817
      },
      {
        "date": "2026-07-31",
        "close": 32.2549,
        "direction_boundary": 25.344675,
        "core_momentum": 0.27265,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.220722
      },
      {
        "date": "2026-08-07",
        "close": 33.2151,
        "direction_boundary": 25.681589,
        "core_momentum": 0.293343,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.221611
      }
    ],
    "price_history": [
      {
        "date": "2024-09-06",
        "close": 23.806985,
        "volume": 101
      },
      {
        "date": "2024-09-13",
        "close": 24.490074,
        "volume": 223
      },
      {
        "date": "2024-09-20",
        "close": 24.815648,
        "volume": 19450
      },
      {
        "date": "2024-09-27",
        "close": 25.336815,
        "volume": 6207
      },
      {
        "date": "2024-10-04",
        "close": 24.507584,
        "volume": 4039
      },
      {
        "date": "2024-10-11",
        "close": 24.682878,
        "volume": 45354
      },
      {
        "date": "2024-10-18",
        "close": 24.79275,
        "volume": 3079
      },
      {
        "date": "2024-10-25",
        "close": 24.29294,
        "volume": 1361
      },
      {
        "date": "2024-11-01",
        "close": 24.042795,
        "volume": 294
      },
      {
        "date": "2024-11-08",
        "close": 24.159113,
        "volume": 218
      },
      {
        "date": "2024-11-15",
        "close": 23.369328,
        "volume": 201
      },
      {
        "date": "2024-11-22",
        "close": 23.73656,
        "volume": 94
      },
      {
        "date": "2024-11-29",
        "close": 23.667578,
        "volume": 592
      },
      {
        "date": "2024-12-06",
        "close": 24.207795,
        "volume": 180
      },
      {
        "date": "2024-12-13",
        "close": 24.162576,
        "volume": 34561
      },
      {
        "date": "2024-12-20",
        "close": 23.518453,
        "volume": 69899
      },
      {
        "date": "2024-12-27",
        "close": 23.452633,
        "volume": 6901
      },
      {
        "date": "2025-01-03",
        "close": 23.564548,
        "volume": 70799
      },
      {
        "date": "2025-01-10",
        "close": 22.942159,
        "volume": 85920
      },
      {
        "date": "2025-01-17",
        "close": 23.228997,
        "volume": 4847
      },
      {
        "date": "2025-01-24",
        "close": 23.462356,
        "volume": 3447
      },
      {
        "date": "2025-01-31",
        "close": 23.190103,
        "volume": 5677
      },
      {
        "date": "2025-02-07",
        "close": 23.248443,
        "volume": 1039
      },
      {
        "date": "2025-02-14",
        "close": 23.258167,
        "volume": 664
      },
      {
        "date": "2025-02-21",
        "close": 23.15121,
        "volume": 499
      },
      {
        "date": "2025-02-28",
        "close": 22.246942,
        "volume": 2387
      },
      {
        "date": "2025-03-07",
        "close": 22.775793,
        "volume": 4328
      },
      {
        "date": "2025-03-14",
        "close": 22.752554,
        "volume": 11301
      },
      {
        "date": "2025-03-21",
        "close": 23.033169,
        "volume": 2952
      },
      {
        "date": "2025-03-28",
        "close": 22.713661,
        "volume": 356
      },
      {
        "date": "2025-04-04",
        "close": 21.119038,
        "volume": 966
      },
      {
        "date": "2025-04-11",
        "close": 21.79967,
        "volume": 18775
      },
      {
        "date": "2025-04-18",
        "close": 22.227495,
        "volume": 32388
      },
      {
        "date": "2025-04-25",
        "close": 22.869234,
        "volume": 17607
      },
      {
        "date": "2025-05-02",
        "close": 23.797811,
        "volume": 8981
      },
      {
        "date": "2025-05-09",
        "close": 23.812395,
        "volume": 8820
      },
      {
        "date": "2025-05-16",
        "close": 24.67777,
        "volume": 1676
      },
      {
        "date": "2025-05-23",
        "close": 24.580537,
        "volume": 1722
      },
      {
        "date": "2025-05-30",
        "close": 24.298561,
        "volume": 3242
      },
      {
        "date": "2025-06-06",
        "close": 24.79445,
        "volume": 855
      },
      {
        "date": "2025-06-13",
        "close": 24.787255,
        "volume": 6172
      },
      {
        "date": "2025-06-20",
        "close": 24.541644,
        "volume": 3097
      },
      {
        "date": "2025-06-27",
        "close": 25.597999,
        "volume": 1213
      },
      {
        "date": "2025-07-04",
        "close": 26.035614,
        "volume": 506
      },
      {
        "date": "2025-07-11",
        "close": 25.583248,
        "volume": 17765
      },
      {
        "date": "2025-07-18",
        "close": 25.784846,
        "volume": 10626
      },
      {
        "date": "2025-07-25",
        "close": 25.853684,
        "volume": 18685
      },
      {
        "date": "2025-08-01",
        "close": 25.344675,
        "volume": 2813
      },
      {
        "date": "2025-08-08",
        "close": 25.681589,
        "volume": 2733
      },
      {
        "date": "2025-08-15",
        "close": 25.92744,
        "volume": 1710
      },
      {
        "date": "2025-08-22",
        "close": 26.093832,
        "volume": 832
      },
      {
        "date": "2025-08-29",
        "close": 25.632419,
        "volume": 3149
      },
      {
        "date": "2025-09-05",
        "close": 25.969923,
        "volume": 7336
      },
      {
        "date": "2025-09-12",
        "close": 26.555933,
        "volume": 5730
      },
      {
        "date": "2025-09-19",
        "close": 27.029442,
        "volume": 5392
      },
      {
        "date": "2025-09-26",
        "close": 26.738748,
        "volume": 2654
      },
      {
        "date": "2025-10-03",
        "close": 27.151777,
        "volume": 6950
      },
      {
        "date": "2025-10-10",
        "close": 26.489553,
        "volume": 8227
      },
      {
        "date": "2025-10-17",
        "close": 27.414445,
        "volume": 5847
      },
      {
        "date": "2025-10-24",
        "close": 27.735329,
        "volume": 2647
      },
      {
        "date": "2025-10-31",
        "close": 27.759029,
        "volume": 1459
      },
      {
        "date": "2025-11-07",
        "close": 27.387794,
        "volume": 3056
      },
      {
        "date": "2025-11-14",
        "close": 27.591457,
        "volume": 3369
      },
      {
        "date": "2025-11-21",
        "close": 26.857543,
        "volume": 1804
      },
      {
        "date": "2025-11-28",
        "close": 27.481316,
        "volume": 1554
      },
      {
        "date": "2025-12-05",
        "close": 27.466467,
        "volume": 5830
      },
      {
        "date": "2025-12-12",
        "close": 27.399398,
        "volume": 7257
      },
      {
        "date": "2025-12-19",
        "close": 27.654395,
        "volume": 2240
      },
      {
        "date": "2025-12-26",
        "close": 28.04,
        "volume": 930
      },
      {
        "date": "2026-01-02",
        "close": 28.5331,
        "volume": 5166
      },
      {
        "date": "2026-01-09",
        "close": 28.81,
        "volume": 3945
      },
      {
        "date": "2026-01-16",
        "close": 29.17,
        "volume": 15216
      },
      {
        "date": "2026-01-23",
        "close": 29.65,
        "volume": 4998
      },
      {
        "date": "2026-01-30",
        "close": 29.5409,
        "volume": 16677
      },
      {
        "date": "2026-02-06",
        "close": 30.295,
        "volume": 26041
      },
      {
        "date": "2026-02-13",
        "close": 30.75,
        "volume": 1393
      },
      {
        "date": "2026-02-20",
        "close": 31.1131,
        "volume": 425
      },
      {
        "date": "2026-02-27",
        "close": 31.1406,
        "volume": 23890
      },
      {
        "date": "2026-03-06",
        "close": 29.015,
        "volume": 62739
      },
      {
        "date": "2026-03-13",
        "close": 28.3823,
        "volume": 18839
      },
      {
        "date": "2026-03-20",
        "close": 28.0128,
        "volume": 5798
      },
      {
        "date": "2026-03-27",
        "close": 27.9676,
        "volume": 12932
      },
      {
        "date": "2026-04-03",
        "close": 28.7222,
        "volume": 2775
      },
      {
        "date": "2026-04-10",
        "close": 30.6038,
        "volume": 1639
      },
      {
        "date": "2026-04-17",
        "close": 31.8978,
        "volume": 723
      },
      {
        "date": "2026-04-24",
        "close": 31.664639,
        "volume": 1077
      },
      {
        "date": "2026-05-01",
        "close": 31.618212,
        "volume": 731
      },
      {
        "date": "2026-05-08",
        "close": 32.771551,
        "volume": 705
      },
      {
        "date": "2026-05-15",
        "close": 31.523076,
        "volume": 5540
      },
      {
        "date": "2026-05-22",
        "close": 32.199247,
        "volume": 1974
      },
      {
        "date": "2026-05-29",
        "close": 33.17392,
        "volume": 1014
      },
      {
        "date": "2026-06-05",
        "close": 31.879117,
        "volume": 3738
      },
      {
        "date": "2026-06-12",
        "close": 32.829784,
        "volume": 4005
      },
      {
        "date": "2026-06-19",
        "close": 34.103853,
        "volume": 226
      },
      {
        "date": "2026-06-26",
        "close": 32.8643,
        "volume": 3807
      },
      {
        "date": "2026-07-03",
        "close": 33.1213,
        "volume": 1306
      },
      {
        "date": "2026-07-10",
        "close": 33.5004,
        "volume": 4510
      },
      {
        "date": "2026-07-17",
        "close": 32.0995,
        "volume": 894
      },
      {
        "date": "2026-07-24",
        "close": 31.9906,
        "volume": 1805
      },
      {
        "date": "2026-07-31",
        "close": 32.2549,
        "volume": 2253
      },
      {
        "date": "2026-08-07",
        "close": 33.2151,
        "volume": 1687
      }
    ],
    "sharemaestro_context": {
      "trend": 31.235687,
      "fair_value": 26.817704,
      "market_activity": 17.444654,
      "market_dynamics": -0.508995,
      "relative_strength": -1.251783
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.021396,
        "directional_follow_through": 0.6667,
        "regime_survival": 1.0,
        "conditional_difference": -0.000969,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.057626,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.006488,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 1,
        "median_return": 0.117254,
        "directional_follow_through": 1.0,
        "regime_survival": 1.0,
        "conditional_difference": -0.02524,
        "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": "2025-09-05",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.278983
      }
    ]
  }
}