Asset:  SPDR S&P 500 ETF Trust (NYSE: SPY) Timeframe:  Weekly / Monthly (HTF dominant) Vehicle Role:  Core Equity Engine (Systemic Beta) Fund Mandate:  Primary Capital Growth + Collateral Anchor Issue: December 30, 2025 1. Market Regime & Quant Score Market Regime: ➡ Secular Bull Market → Late-Cycle Expansion with Controlled Greed ➡ Short-term: Extended, vulnerable to mean reversion ➡ Long-term: Structural uptrend intact (no regime break) Weighted Quant Components (HTF): Movi