How to Read a Full Analysis

A full analysis is the output of every MAX work-up — the moment the pipeline stops gathering and commits to a view. It's designed to be read top to bottom in under a minute and to leave nothing important implicit. Here's every part of it, in order.

The headline: directional bias

Every analysis resolves to one of three directional reads. There's no fourth "it depends" — MAX has to pick.

Neutral is a real answer, not a cop-out. When the highest-priority signals contradict each other, the honest read is that the market hasn't decided — and an analysis that tells you so is doing its job.

Confidence: how strongly the evidence supports it

Right next to the bias is a confidence score out of 10. It is deliberately conservative. Most reads sit in the middle of the scale; the high end is rare by design.

Regime and timeframe

Two more pieces of context sit on the top row. Regime is the market backdrop the read lives in — trending or ranging, risk-on or risk-off, high or low volatility. The same evidence means different things in different regimes, so MAX names the one it sees. Timeframe tells you the horizon the bias applies to: tactical (hours), swing (a few days), or structural (longer). Match it to how you actually operate.

The key levels

Every analysis maps the price structure the read hinges on — the zones where the thesis gets confirmed or falls apart:

These aren't instructions — they're the map. They tell you where the market has to hold for the bullish case to stay alive, where it has to break for the read to strengthen, and the level below which the thesis is simply wrong.

Supporting and conflicting evidence

Below the headline, the analysis breaks down by layer — Flow, Positioning, Fundamental, Sentiment, Macro, and Technical — each with its own read. Layers that agree with the bias are your supporting evidence; layers that lean the other way are flagged as conflicts, not hidden. This is where you check why MAX landed where it did, and whether the layers you trust most are the ones driving the read.

Thesis, invalidation, and sources

Finally, the written sections. The thesis is MAX's argument in prose, and it cites numbers, not adjectives — "smart-money cohort distributing into the rally," with the figure attached, not "outflows look concerning." The invalidation is just as important: the specific conditions that would prove the thesis wrong. And every claim carries its source, so you can see which data category — flow, on-chain, positioning, macro — each piece of evidence came from.