diff --git a/SESSION.md b/SESSION.md
index 4f2390f..75c6a55 100644
--- a/SESSION.md
+++ b/SESSION.md
@@ -93,8 +93,9 @@ Continue the trading-module mainline in autonomous mode until `Real-time Assiste
   - `/trading/launch-readiness`
   - `scripts/run_launch_readiness.py`
   - workbench `Launch Readiness` panel
-  - explicit split between `assisted_trading_ready` and `real_live_ready`
+  - explicit split between `analysis_only_ready`, `decision_support_ready`, `real_trade_loop_ready`, and `real_live_ready`
   - stable `news_state` via provider chain + cached snapshot fallback
+  - blacklist models now degrade to `observe_only` instead of blocking analysis-only launch
 
 ## Current Working State
 
@@ -136,6 +137,7 @@ npm run visual:snapshots
 - If OKX read-only credentials are changed or revoked, broker state will degrade.
 - Current remote account has `0` recent fills, so live reconciliation is verified as a clean no-op; the import path itself is covered by focused tests and the runtime/manual reconcile flow.
 - Launch readiness now reports the remaining assisted-trading blockers explicitly:
-  - `trust_model_available`
-  - `real_trade_sample_verified`
+  - `analysis_only_ready = true`
+  - `decision_support_ready = false`
+  - `real_trade_loop_ready = false`
 - `real_live_ready` remains intentionally `false` because the OKX order adapter is still placeholder-only. That is the correct current boundary, not a hidden failure.
diff --git a/TASKS.md b/TASKS.md
index f73e3e9..d085b0e 100644
--- a/TASKS.md
+++ b/TASKS.md
@@ -20,7 +20,7 @@
 
 ## Blocked
 
-- [ ] `trust_model_available`
+- [ ] `decision_support_ready`
 - [ ] `real_trade_sample_verified`
 
 ## Done