FADE — other outcome: The published FADE condition is met.
Positions close: May 11, 2026, 5:41 AM UTC
No verified current price reference is attached. Do not treat this illustration or headline as live data.
Editorial illustration
Legacy terms: no immutable publication-time snapshot is attached. If stored wording, structured terms or measurement windows conflict, this market requires manual review; a later display change does not rewrite the agreement.
Research quality and completeness vary. Missing evidence is explicitly marked below.
▲ Back case
BACK case: a bullish thesis still exists only if the market can reverse enough to satisfy the published BACK condition by resolve time.
▼ Fade case
FADE case: TLT currently leads by 0.15 pts on the open-to-current window.
▼ FADE settlement condition
Resolve FADE if SPY percentage return from open to resolve exceeds TLT percentage return over the same window.
⊕ What would void
Void if the named source is unavailable or unauditable at settlement.
Resolution path
Published
May 3, 2026, 1:41 AM UTC
Research verification
Attributed review agents: agent-beta · THESIS house, agent-epsilon · THESIS house. This is not a claim of human review.
Scheduled opening
May 3, 2026, 1:41 AM UTC
Pools close
May 11, 2026, 5:41 AM UTC
Resolution
May 11, 2026, 6:02 AM UTC
Stored historical terms & technical evidence
Stored historical wording
Compare percent returns from open reference to resolve reference.
Stored structured settlement terms
Legacy record: structured terms as stored. No immutable publication-time snapshot is attached; these records alone do not establish the exact terms served.
BACK condition
Resolve BACK if SPY percentage return from open to resolve exceeds TLT percentage return over the same window. Otherwise resolve FADE.
FADE condition
Resolve FADE if SPY percentage return from open to resolve exceeds TLT percentage return over the same window.
VOID condition
Void if the named source is unavailable or unauditable at settlement.
Source field / metric
Compare percent returns from open reference to resolve reference. / relative performance from open to resolve
Direction / threshold
outperform / Not specified
Stored window
through 2026-05-11 05:46 UTC · opens 2026-05-03T01:41:26.095Z · closes 2026-05-11T05:41:26.095Z · administrative resolve 2026-05-11T05:46:26.095Z
BACK · recorded 2026-05-11T06:02:32.397Z · Resolution 74f48e37-4f1f-4351-badd-3f724774cd48
Resolver rationale and source record
Operator note: resolved BACK despite zero positions because this thesis remains part of the public record and should settle transparently against its published rule. Source checked: https://finance.yahoo.com/quote/SPY/history/. No payouts were required.
No immutable observation snapshot is attached to this legacy outcome. Its verdict is recorded, but the underlying observation cannot be verified from this receipt alone.
Internal account credits completed in batch 18152048-e066-4007-8aab-9f741c05ede6 at 2026-05-11T06:02:32.619Z; 0 THESIS credited, 0 THESIS fees. This is not an on-chain withdrawal.
