{ "ticker": { "uuid": "071b9986-2602-46e2-903e-983a33316c46", "symbol": "TCH-F114", "name": "Tachlit Indices Mutual Fund Management Ltd. - Tachlit SAL (4D) MSCI India", "exchange": "TLV", "country": "IL", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -54.158, "architecture_energy": 63.591, "architecture_maturity": 100.0, "architecture_confidence": 61.832, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 21.86, "rotation_up": 27.99, "upward_expansion": 22.5, "deceleration": 67.0, "rotation_down": 47.38, "downward_expansion": 67.83 }, "activity_lines": [ 7.899067, 7.814745, 200.011908, 351.892453 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 7.963, "trend_reference": 534.880966, "distance_from_trend": -0.985113, "trend_direction": "Weakening", "fair_value": 912.3707, "distance_from_fair_value": -0.991272, "fair_value_direction": "Weakening", "relative_strength": -99.009418, "relative_strength_direction": "Weakening", "price_momentum": -0.990918, "excess_performance": -1.019818, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.985113, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.362559, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.991272, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.77288, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.990094, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.607493, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.990918, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.654584, "read": "Supply-led" } ], "volume": { "latest": 4063, "relative_activity": 0.139145, "balance": 0.654584, "dry_up": 0.316852, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 7.409055, "annualized_volatility": 6.348726, "from_high_reference": -0.99193, "from_low_reference": 0.10352 }, "levels": { "trend_reference": 534.880966, "fair_value_reference": 912.3707, "structural_low": 7.216, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": -0.015306, "positive_rate": 0.434783, "directional_follow_through": 0.565217, "median_excess_return": -0.045006, "regime_survival": 0.826087, "best_return": 0.091918, "worst_return": -0.989093, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.012435, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.119642, "regime_survival": 0.625, "best_return": 0.094388, "worst_return": -0.990047, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.022591, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.098967, "regime_survival": 0.25, "best_return": 0.21343, "worst_return": -0.19203, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.005257, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.106917, "regime_survival": 0.666667, "best_return": 0.411487, "worst_return": -0.123896, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-11-18", "end": "2022-12-23", "tenure": "Developing", "return": -0.017546, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2022-12-30", "end": "2023-01-27", "tenure": "Developing", "return": -0.038703, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-02-03", "end": "2023-02-17", "tenure": "New", "return": 0.041849, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-02-24", "end": "2023-05-05", "tenure": "Developing", "return": 0.059657, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-05-12", "end": "2023-06-09", "tenure": "Developing", "return": 0.020188, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-06-16", "end": "2023-11-17", "tenure": "Established", "return": 0.117832, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-24", "end": "2023-12-15", "tenure": "New", "return": 0.065866, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-10-25", "tenure": "Extended", "return": 0.263112, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-01", "end": "2024-12-20", "tenure": "Developing", "return": -0.042688, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-04-25", "tenure": "Established", "return": -0.003839, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-02", "end": "2025-06-27", "tenure": "Developing", "return": -0.013592, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-04", "end": "2025-07-25", "tenure": "New", "return": -0.033962, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-01", "end": "2025-09-12", "tenure": "Developing", "return": -0.022642, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-09-19", "end": "2026-08-07", "tenure": "Extended", "return": -0.991671, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 861.700012, "volume": 1526, "typical_volume": 14481.2, "trend": 780.67667, "fair_value": 718.81923, "relative_strength": 11.964192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.869744, "energy": 69.085444, "activity_lines": [ 854.186674, 847.389097, 826.270957, 805.429036 ] }, { "date": "2023-08-25", "close": 869.700012, "volume": 13671, "typical_volume": 14154.1, "trend": 784.523338, "fair_value": 720.961538, "relative_strength": 11.897575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.668915, "energy": 69.218685, "activity_lines": [ 859.913342, 853.220007, 832.53572, 811.172478 ] }, { "date": "2023-09-01", "close": 876.5, "volume": 13384, "typical_volume": 14285.2, "trend": 788.656671, "fair_value": 723.130769, "relative_strength": 11.778194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.493881, "energy": 72.814049, "activity_lines": [ 866.193339, 858.932734, 838.77572, 817.106456 ] }, { "date": "2023-09-08", "close": 890.900024, "volume": 563, "typical_volume": 14166.95, "trend": 793.846671, "fair_value": 725.360897, "relative_strength": 14.232863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.981863, "energy": 90.081372, "activity_lines": [ 876.600012, 866.027283, 845.628579, 823.702801 ] }, { "date": "2023-09-15", "close": 910.0, "volume": 80055, "typical_volume": 18113.95, "trend": 800.523338, "fair_value": 727.680769, "relative_strength": 14.84355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.595352, "energy": 93.762518, "activity_lines": [ 889.613342, 875.243644, 853.673816, 831.196564 ] }, { "date": "2023-09-22", "close": 894.5, "volume": 9356, "typical_volume": 17953.75, "trend": 806.256671, "fair_value": 729.865385, "relative_strength": 11.420096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.275832, "energy": 80.722944, "activity_lines": [ 893.860006, 880.521825, 859.478101, 837.259575 ] }, { "date": "2023-09-29", "close": 888.0, "volume": 16928, "typical_volume": 18427.4, "trend": 811.210004, "fair_value": 732.016026, "relative_strength": 11.099951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.899972, "energy": 68.112884, "activity_lines": [ 893.753337, 883.718187, 864.108577, 842.533338 ] }, { "date": "2023-10-06", "close": 888.299988, "volume": 8138, "typical_volume": 18027.15, "trend": 816.346669, "fair_value": 734.11859, "relative_strength": 11.583117, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.459068, "energy": 66.665545, "activity_lines": [ 892.526664, 886.169093, 868.289528, 847.506885 ] }, { "date": "2023-10-13", "close": 923.0, "volume": 26080, "typical_volume": 18159.55, "trend": 822.633335, "fair_value": 736.428846, "relative_strength": 23.13866, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.627022, "energy": 73.02421, "activity_lines": [ 902.079997, 894.53091, 875.242861, 854.387746 ] }, { "date": "2023-10-20", "close": 941.700012, "volume": 1072, "typical_volume": 17234.7, "trend": 829.33667, "fair_value": 738.999359, "relative_strength": 28.056653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.020748, "energy": 74.909754, "activity_lines": [ 915.726668, 904.683639, 883.371909, 862.069467 ] }, { "date": "2023-10-27", "close": 928.400024, "volume": 32547, "typical_volume": 17924.8, "trend": 836.313338, "fair_value": 741.317949, "relative_strength": 30.30135, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.701063, "energy": 81.483292, "activity_lines": [ 922.826676, 910.860006, 889.589054, 868.460651 ] }, { "date": "2023-11-03", "close": 899.0, "volume": 35022, "typical_volume": 18956.2, "trend": 841.996671, "fair_value": 743.362821, "relative_strength": 19.420296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.18721, "energy": 66.523426, "activity_lines": [ 917.866675, 910.478187, 892.411434, 872.504952 ] }, { "date": "2023-11-10", "close": 883.5, "volume": 7212, "typical_volume": 18688.55, "trend": 847.540004, "fair_value": 745.391026, "relative_strength": 15.48779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.708099, "energy": 59.056875, "activity_lines": [ 907.006673, 906.745459, 893.263338, 875.182586 ] }, { "date": "2023-11-17", "close": 888.900024, "volume": 42606, "typical_volume": 20098.7, "trend": 851.860006, "fair_value": 747.38718, "relative_strength": 14.469536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.264559, "energy": 32.876868, "activity_lines": [ 898.266679, 903.867281, 894.272388, 877.850974 ] }, { "date": "2023-11-24", "close": 874.5, "volume": 12720, "typical_volume": 20482.2, "trend": 856.030005, "fair_value": 749.435257, "relative_strength": 7.495238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.484262, "energy": 30.453061, "activity_lines": [ 887.000008, 898.40728, 893.565721, 879.311619 ] }, { "date": "2023-12-01", "close": 883.700012, "volume": 2343, "typical_volume": 20074.75, "trend": 859.553339, "fair_value": 751.447437, "relative_strength": 9.632912, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.719244, "energy": 30.032745, "activity_lines": [ 883.280009, 895.265463, 893.610959, 881.096781 ] }, { "date": "2023-12-08", "close": 925.0, "volume": 13090, "typical_volume": 20105.45, "trend": 864.133339, "fair_value": 753.621154, "relative_strength": 12.501913, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.836265, "energy": 27.51128, "activity_lines": [ 896.306673, 899.829098, 897.405244, 885.319146 ] }, { "date": "2023-12-15", "close": 932.099976, "volume": 36151, "typical_volume": 20156.45, "trend": 869.320005, "fair_value": 755.807693, "relative_strength": 11.662375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.825667, "energy": 47.659783, "activity_lines": [ 909.966663, 905.010911, 901.490003, 889.70409 ] }, { "date": "2023-12-22", "close": 915.200012, "volume": 69715, "typical_volume": 21600.0, "trend": 873.296671, "fair_value": 757.865385, "relative_strength": 7.633288, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.145736, "energy": 47.942706, "activity_lines": [ 914.753333, 906.323639, 903.652385, 892.664091 ] }, { "date": "2023-12-29", "close": 945.0, "volume": 28065, "typical_volume": 22512.2, "trend": 877.923338, "fair_value": 760.089744, "relative_strength": 10.547057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.779142, "energy": 79.180423, "activity_lines": [ 927.719999, 913.196366, 908.268575, 897.290112 ] }, { "date": "2024-01-05", "close": 956.099976, "volume": 48076, "typical_volume": 24839.7, "trend": 883.010004, "fair_value": 762.316026, "relative_strength": 10.114706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.033897, "energy": 83.832096, "activity_lines": [ 939.686658, 922.027269, 913.518096, 902.333766 ] }, { "date": "2024-01-12", "close": 987.099976, "volume": 56693, "typical_volume": 26990.8, "trend": 889.406669, "fair_value": 764.646795, "relative_strength": 14.065727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.013866, "energy": 93.570624, "activity_lines": [ 957.159986, 935.990901, 921.270474, 909.049248 ] }, { "date": "2024-01-19", "close": 992.200012, "volume": 62775, "typical_volume": 29460.35, "trend": 895.530003, "fair_value": 767.163462, "relative_strength": 15.492783, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.817343, "energy": 94.773932, "activity_lines": [ 972.193327, 949.279995, 928.949523, 915.681076 ] }, { "date": "2024-01-26", "close": 972.299988, "volume": 54961, "typical_volume": 32180.25, "trend": 900.720003, "fair_value": 769.403847, "relative_strength": 13.40138, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.692462, "energy": 86.756693, "activity_lines": [ 976.586658, 956.974538, 934.182379, 920.633979 ] }, { "date": "2024-02-02", "close": 978.099976, "volume": 65379, "typical_volume": 31446.45, "trend": 905.043335, "fair_value": 771.619872, "relative_strength": 14.077696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.358511, "energy": 85.219655, "activity_lines": [ 979.106653, 964.207262, 939.579996, 925.626235 ] }, { "date": "2024-02-09", "close": 988.0, "volume": 101928, "typical_volume": 36075.05, "trend": 909.810002, "fair_value": 773.857051, "relative_strength": 13.78036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.453268, "energy": 74.921912, "activity_lines": [ 982.719991, 971.356354, 945.596186, 930.978278 ] }, { "date": "2024-02-16", "close": 987.400024, "volume": 42476, "typical_volume": 37352.45, "trend": 914.590002, "fair_value": 775.891667, "relative_strength": 11.198238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.36294, "energy": 63.316085, "activity_lines": [ 984.006669, 976.499997, 951.109998, 935.984086 ] }, { "date": "2024-02-23", "close": 1008.0, "volume": 45689, "typical_volume": 39230.0, "trend": 919.310002, "fair_value": 778.273077, "relative_strength": 9.875925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.142479, "energy": 68.03748, "activity_lines": [ 992.140002, 984.254543, 958.112379, 942.010537 ] }, { "date": "2024-03-01", "close": 979.5, "volume": 13805, "typical_volume": 38616.25, "trend": 924.143335, "fair_value": 780.208334, "relative_strength": 4.594183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.876219, "energy": 55.374353, "activity_lines": [ 989.720003, 985.447271, 961.830474, 945.893763 ] }, { "date": "2024-03-08", "close": 1000.0, "volume": 35364, "typical_volume": 40330.85, "trend": 928.943335, "fair_value": 782.232052, "relative_strength": 6.795748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.815299, "energy": 58.830844, "activity_lines": [ 993.653337, 989.198181, 967.231903, 950.787741 ] }, { "date": "2024-03-15", "close": 991.0, "volume": 28257, "typical_volume": 40116.35, "trend": 933.253335, "fair_value": 784.176282, "relative_strength": 8.488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.818117, "energy": 51.691385, "activity_lines": [ 993.126668, 990.312727, 971.498569, 954.791397 ] }, { "date": "2024-03-22", "close": 978.0, "volume": 20227, "typical_volume": 39376.6, "trend": 936.863334, "fair_value": 786.037821, "relative_strength": 1.577967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.779289, "energy": 38.721929, "activity_lines": [ 988.066667, 988.429092, 974.229046, 957.678279 ] }, { "date": "2024-03-29", "close": 1015.0, "volume": 9675, "typical_volume": 39499.75, "trend": 941.480001, "fair_value": 788.07436, "relative_strength": 4.247161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.38011, "energy": 53.665075, "activity_lines": [ 995.966667, 993.438182, 980.107141, 962.719354 ] }, { "date": "2024-04-05", "close": 1032.0, "volume": 8503, "typical_volume": 37794.6, "trend": 946.183333, "fair_value": 790.153206, "relative_strength": 8.169892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.31944, "energy": 60.059853, "activity_lines": [ 1009.066667, 1001.123637, 986.978094, 968.559354 ] }, { "date": "2024-04-12", "close": 1050.0, "volume": 21011, "typical_volume": 38209.15, "trend": 950.85, "fair_value": 792.601924, "relative_strength": 10.175407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.416947, "energy": 87.949067, "activity_lines": [ 1024.666667, 1010.996365, 994.881903, 975.257203 ] }, { "date": "2024-04-19", "close": 1034.0, "volume": 26679, "typical_volume": 39425.95, "trend": 955.5, "fair_value": 794.99359, "relative_strength": 9.220911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.226305, "energy": 85.245991, "activity_lines": [ 1031.6, 1016.652728, 1000.426189, 980.62172 ] }, { "date": "2024-04-26", "close": 1056.0, "volume": 18537, "typical_volume": 39698.3, "trend": 961.1, "fair_value": 797.384616, "relative_strength": 10.355378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.1046, "energy": 90.783015, "activity_lines": [ 1043.0, 1025.472727, 1007.349999, 987.105591 ] }, { "date": "2024-05-03", "close": 1060.0, "volume": 60324, "typical_volume": 40906.95, "trend": 966.823334, "fair_value": 799.881411, "relative_strength": 9.464637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.346693, "energy": 89.22222, "activity_lines": [ 1050.533333, 1033.772727, 1014.030952, 993.486236 ] }, { "date": "2024-05-10", "close": 1031.0, "volume": 30572, "typical_volume": 38949.8, "trend": 970.423334, "fair_value": 802.339103, "relative_strength": 2.758679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.529651, "energy": 60.304232, "activity_lines": [ 1045.4, 1035.854545, 1017.340952, 997.626666 ] }, { "date": "2024-05-17", "close": 1027.0, "volume": 19530, "typical_volume": 38523.05, "trend": 973.266667, "fair_value": 804.829488, "relative_strength": 3.077464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.094303, "energy": 52.603135, "activity_lines": [ 1039.0, 1036.272727, 1019.718571, 1001.276773 ] }, { "date": "2024-05-24", "close": 1066.0, "volume": 106207, "typical_volume": 41429.6, "trend": 977.853333, "fair_value": 807.417949, "relative_strength": 7.373839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.476968, "energy": 56.398893, "activity_lines": [ 1047.133333, 1043.290909, 1025.42, 1007.259569 ] }, { "date": "2024-05-31", "close": 1053.0, "volume": 3913, "typical_volume": 38790.6, "trend": 982.986666, "fair_value": 809.890385, "relative_strength": 4.162674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.287321, "energy": 48.875623, "activity_lines": [ 1048.8, 1046.581818, 1029.36, 1012.107741 ] }, { "date": "2024-06-07", "close": 1074.0, "volume": 143219, "typical_volume": 42812.8, "trend": 989.336666, "fair_value": 812.429488, "relative_strength": 7.680977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.75487, "energy": 53.435203, "activity_lines": [ 1057.666667, 1052.327273, 1034.986191, 1017.979569 ] }, { "date": "2024-06-14", "close": 1088.0, "volume": 18240, "typical_volume": 40976.75, "trend": 995.973332, "fair_value": 814.990385, "relative_strength": 7.42829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.714979, "energy": 65.503674, "activity_lines": [ 1070.266667, 1059.545455, 1041.556191, 1024.344946 ] }, { "date": "2024-06-21", "close": 1108.0, "volume": 39558, "typical_volume": 39685.7, "trend": 1003.756665, "fair_value": 817.579488, "relative_strength": 10.012184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.565496, "energy": 78.879155, "activity_lines": [ 1085.733333, 1069.381818, 1049.48, 1031.572472 ] }, { "date": "2024-06-28", "close": 1125.0, "volume": 15203, "typical_volume": 35349.45, "trend": 1011.799998, "fair_value": 820.182052, "relative_strength": 10.833339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.474373, "energy": 91.424761, "activity_lines": [ 1101.466667, 1081.254545, 1058.404286, 1039.394623 ] }, { "date": "2024-07-05", "close": 1144.0, "volume": 67206, "typical_volume": 36585.95, "trend": 1019.099998, "fair_value": 822.896155, "relative_strength": 10.063021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.765132, "energy": 94.362547, "activity_lines": [ 1119.6, 1094.927273, 1068.485714, 1047.923656 ] }, { "date": "2024-07-12", "close": 1119.0, "volume": 93250, "typical_volume": 38964.0, "trend": 1025.329999, "fair_value": 825.517949, "relative_strength": 4.645797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.461316, "energy": 85.223838, "activity_lines": [ 1123.333333, 1102.454545, 1075.440476, 1054.368817 ] }, { "date": "2024-07-19", "close": 1127.0, "volume": 13713, "typical_volume": 38959.4, "trend": 1032.389998, "fair_value": 828.198077, "relative_strength": 6.306649, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.436113, "energy": 80.417248, "activity_lines": [ 1126.733333, 1110.363636, 1082.628571, 1060.928172 ] }, { "date": "2024-07-26", "close": 1116.0, "volume": 30425, "typical_volume": 38712.45, "trend": 1038.089998, "fair_value": 830.802565, "relative_strength": 4.849469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.778723, "energy": 61.554676, "activity_lines": [ 1123.866667, 1114.527273, 1088.066667, 1066.322366 ] }, { "date": "2024-08-02", "close": 1180.0, "volume": 62758, "typical_volume": 40437.5, "trend": 1045.553333, "fair_value": 833.839744, "relative_strength": 13.76859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.584366, "energy": 68.278036, "activity_lines": [ 1141.8, 1128.709091, 1099.047619, 1075.477849 ] }, { "date": "2024-08-09", "close": 1143.0, "volume": 82377, "typical_volume": 43545.0, "trend": 1050.75, "fair_value": 836.570513, "relative_strength": 8.50465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.356934, "energy": 57.388457, "activity_lines": [ 1143.733333, 1134.090909, 1105.604762, 1081.764731 ] }, { "date": "2024-08-16", "close": 1127.0, "volume": 3614, "typical_volume": 43241.95, "trend": 1055.243333, "fair_value": 839.211539, "relative_strength": 4.130764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.224098, "energy": 50.991038, "activity_lines": [ 1140.4, 1134.927273, 1109.852381, 1086.684086 ] }, { "date": "2024-08-23", "close": 1156.0, "volume": 19394, "typical_volume": 43786.5, "trend": 1061.366667, "fair_value": 842.065385, "relative_strength": 6.660241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.157359, "energy": 55.768842, "activity_lines": [ 1146.2, 1140.072727, 1116.328571, 1093.184516 ] }, { "date": "2024-08-30", "close": 1151.0, "volume": 9600, "typical_volume": 43215.95, "trend": 1067.130001, "fair_value": 844.795513, "relative_strength": 3.790292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.625962, "energy": 47.684266, "activity_lines": [ 1148.4, 1143.072727, 1121.738095, 1098.967312 ] }, { "date": "2024-09-06", "close": 1167.0, "volume": 5252, "typical_volume": 42144.6, "trend": 1073.096667, "fair_value": 847.627565, "relative_strength": 6.017303, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.112333, "energy": 55.307467, "activity_lines": [ 1153.6, 1148.2, 1128.190476, 1105.410538 ] }, { "date": "2024-09-13", "close": 1186.0, "volume": 35126, "typical_volume": 42974.05, "trend": 1079.716667, "fair_value": 850.513462, "relative_strength": 8.329795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.510822, "energy": 72.907589, "activity_lines": [ 1166.0, 1156.018182, 1135.819048, 1112.694624 ] }, { "date": "2024-09-20", "close": 1198.0, "volume": 39933, "typical_volume": 41954.5, "trend": 1086.05, "fair_value": 853.434616, "relative_strength": 12.510541, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.905456, "energy": 81.666423, "activity_lines": [ 1179.533333, 1165.254545, 1143.971429, 1120.325806 ] }, { "date": "2024-09-27", "close": 1205.0, "volume": 64949, "typical_volume": 43673.35, "trend": 1093.566667, "fair_value": 856.151283, "relative_strength": 7.065801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.168894, "energy": 83.019704, "activity_lines": [ 1190.666667, 1174.327273, 1152.133333, 1128.0 ] }, { "date": "2024-10-04", "close": 1197.0, "volume": 24001, "typical_volume": 43896.9, "trend": 1100.133333, "fair_value": 858.773078, "relative_strength": 6.1419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.464715, "energy": 75.60349, "activity_lines": [ 1195.866667, 1180.527273, 1158.704762, 1134.673118 ] }, { "date": "2024-10-11", "close": 1177.0, "volume": 84834, "typical_volume": 42828.25, "trend": 1106.333333, "fair_value": 861.275001, "relative_strength": 4.277547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.774121, "energy": 57.359243, "activity_lines": [ 1191.333333, 1181.618182, 1162.561905, 1139.632258 ] }, { "date": "2024-10-18", "close": 1167.0, "volume": 29055, "typical_volume": 44085.35, "trend": 1112.633333, "fair_value": 863.675642, "relative_strength": 1.340966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.756663, "energy": 46.601229, "activity_lines": [ 1182.8, 1180.945455, 1164.938095, 1143.546237 ] }, { "date": "2024-10-25", "close": 1156.0, "volume": 1593, "typical_volume": 37004.05, "trend": 1117.333333, "fair_value": 866.071795, "relative_strength": -0.308113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.655141, "energy": 28.799133, "activity_lines": [ 1171.866667, 1177.836364, 1165.72381, 1146.344086 ] }, { "date": "2024-11-01", "close": 1101.0, "volume": 52939, "typical_volume": 38739.0, "trend": 1119.633333, "fair_value": 868.062821, "relative_strength": -7.032189, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -2.338709, "energy": 19.674141, "activity_lines": [ 1145.4, 1164.2, 1160.880952, 1145.290323 ] }, { "date": "2024-11-08", "close": 1103.0, "volume": 21672, "typical_volume": 37844.7, "trend": 1121.4, "fair_value": 870.007052, "relative_strength": -7.871795, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": -17.873102, "energy": 35.821134, "activity_lines": [ 1126.533333, 1151.927273, 1156.166667, 1144.217204 ] }, { "date": "2024-11-15", "close": 1068.0, "volume": 35412, "typical_volume": 38855.15, "trend": 1122.533333, "fair_value": 871.726923, "relative_strength": -12.131972, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.655337, "energy": 67.530103, "activity_lines": [ 1102.266667, 1134.163636, 1148.142857, 1140.772043 ] }, { "date": "2024-11-22", "close": 1058.0, "volume": 67518, "typical_volume": 38870.75, "trend": 1122.6, "fair_value": 873.483333, "relative_strength": -12.564167, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.661828, "energy": 79.489369, "activity_lines": [ 1081.933333, 1116.381818, 1139.438095, 1136.608602 ] }, { "date": "2024-11-29", "close": 1059.0, "volume": 15085, "typical_volume": 34962.5, "trend": 1122.566667, "fair_value": 875.379487, "relative_strength": -12.448433, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.55501, "energy": 81.390067, "activity_lines": [ 1069.2, 1101.109091, 1131.238095, 1132.505376 ] }, { "date": "2024-12-06", "close": 1077.0, "volume": 21010, "typical_volume": 35327.35, "trend": 1124.1, "fair_value": 877.33141, "relative_strength": -13.156371, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.604968, "energy": 76.299526, "activity_lines": [ 1068.933333, 1091.636364, 1125.038095, 1129.565591 ] }, { "date": "2024-12-13", "close": 1070.0, "volume": 11770, "typical_volume": 34394.6, "trend": 1125.533333, "fair_value": 879.324359, "relative_strength": -13.946989, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.683544, "energy": 69.58306, "activity_lines": [ 1067.933333, 1083.218182, 1118.409524, 1126.075269 ] }, { "date": "2024-12-20", "close": 1054.0, "volume": 43644, "typical_volume": 33438.9, "trend": 1125.133333, "fair_value": 881.205769, "relative_strength": -16.236438, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.968722, "energy": 61.669319, "activity_lines": [ 1063.8, 1074.2, 1110.47619, 1121.460215 ] }, { "date": "2024-12-27", "close": 1042.0, "volume": 13350, "typical_volume": 29987.55, "trend": 1124.766667, "fair_value": 883.058974, "relative_strength": -17.511249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.56691, "energy": 65.423119, "activity_lines": [ 1056.6, 1065.236364, 1102.0, 1116.096774 ] }, { "date": "2025-01-03", "close": 1056.0, "volume": 17602, "typical_volume": 30686.95, "trend": 1124.166667, "fair_value": 885.084615, "relative_strength": -17.382283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.758291, "energy": 59.007069, "activity_lines": [ 1055.133333, 1061.090909, 1095.338095, 1111.660215 ] }, { "date": "2025-01-10", "close": 1031.0, "volume": 62097, "typical_volume": 32822.1, "trend": 1122.266667, "fair_value": 886.962821, "relative_strength": -20.204724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.44801, "energy": 68.765868, "activity_lines": [ 1045.533333, 1054.218182, 1086.633333, 1105.649462 ] }, { "date": "2025-01-17", "close": 992.200012, "volume": 30282, "typical_volume": 33856.2, "trend": 1118.406667, "fair_value": 888.571795, "relative_strength": -25.093206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.120446, "energy": 87.311743, "activity_lines": [ 1026.066671, 1041.563639, 1074.828573, 1097.258065 ] }, { "date": "2025-01-24", "close": 970.900024, "volume": 131026, "typical_volume": 40144.9, "trend": 1113.270001, "fair_value": 890.03718, "relative_strength": -26.080126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.413189, "energy": 89.0872, "activity_lines": [ 1004.686678, 1027.050915, 1061.751432, 1087.741508 ] }, { "date": "2025-01-31", "close": 968.299988, "volume": 40975, "typical_volume": 40437.35, "trend": 1107.413334, "fair_value": 891.346795, "relative_strength": -23.798874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.460419, "energy": 93.149575, "activity_lines": [ 987.980005, 1013.830913, 1049.360478, 1078.388604 ] }, { "date": "2025-02-07", "close": 963.0, "volume": 7166, "typical_volume": 38799.0, "trend": 1102.213334, "fair_value": 892.436539, "relative_strength": -25.58499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.940751, "energy": 91.553847, "activity_lines": [ 974.420003, 1001.278185, 1037.501431, 1069.071614 ] }, { "date": "2025-02-14", "close": 949.0, "volume": 6174, "typical_volume": 35860.25, "trend": 1096.280001, "fair_value": 893.611539, "relative_strength": -25.99217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.592674, "energy": 93.022233, "activity_lines": [ 962.393335, 987.925457, 1025.428097, 1059.186883 ] }, { "date": "2025-02-21", "close": 940.5, "volume": 27996, "typical_volume": 36060.0, "trend": 1090.430001, "fair_value": 894.834615, "relative_strength": -26.681091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.677684, "energy": 92.132287, "activity_lines": [ 953.0, 975.354548, 1013.764287, 1049.13656 ] }, { "date": "2025-02-28", "close": 913.099976, "volume": 7635, "typical_volume": 32200.05, "trend": 1081.533333, "fair_value": 895.823718, "relative_strength": -27.155085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.650342, "energy": 91.604356, "activity_lines": [ 937.919991, 960.156361, 1000.71238, 1037.695914 ] }, { "date": "2025-03-07", "close": 928.799988, "volume": 23987, "typical_volume": 31946.65, "trend": 1074.393333, "fair_value": 896.866025, "relative_strength": -25.432309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.391175, "energy": 76.968673, "activity_lines": [ 931.926656, 950.374541, 990.412379, 1027.842149 ] }, { "date": "2025-03-14", "close": 936.700012, "volume": 32340, "typical_volume": 33484.0, "trend": 1068.05, "fair_value": 898.066026, "relative_strength": -25.679396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.013873, "energy": 67.562937, "activity_lines": [ 931.199996, 944.08727, 981.999047, 1018.958709 ] }, { "date": "2025-03-21", "close": 990.0, "volume": 50672, "typical_volume": 33370.65, "trend": 1062.516667, "fair_value": 899.871795, "relative_strength": -20.863687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.82076, "energy": 59.857361, "activity_lines": [ 949.993331, 949.659998, 979.70619, 1013.923226 ] }, { "date": "2025-03-28", "close": 1013.0, "volume": 10751, "typical_volume": 32824.6, "trend": 1057.916667, "fair_value": 901.73141, "relative_strength": -17.387137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.40311, "energy": 33.869943, "activity_lines": [ 973.719999, 960.159998, 980.13238, 1010.728602 ] }, { "date": "2025-04-04", "close": 1005.0, "volume": 48755, "typical_volume": 33491.75, "trend": 1052.516667, "fair_value": 903.532692, "relative_strength": -17.224946, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.987453, "energy": 34.703283, "activity_lines": [ 989.946667, 968.827271, 980.225237, 1007.314623 ] }, { "date": "2025-04-11", "close": 976.799988, "volume": 72767, "typical_volume": 33754.2, "trend": 1045.543333, "fair_value": 905.025, "relative_strength": -18.080563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.099436, "energy": 33.643306, "activity_lines": [ 990.646663, 971.747269, 977.932379, 1002.429676 ] }, { "date": "2025-04-18", "close": 1020.0, "volume": 73437, "typical_volume": 36671.8, "trend": 1039.61, "fair_value": 906.8, "relative_strength": -16.53505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 7.531838, "energy": 25.845356, "activity_lines": [ 1002.546663, 982.36727, 980.140474, 1000.781719 ] }, { "date": "2025-04-25", "close": 1038.0, "volume": 67572, "typical_volume": 38999.9, "trend": 1034.043333, "fair_value": 908.665385, "relative_strength": -15.168957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.368696, "energy": 31.98806, "activity_lines": [ 1014.893331, 995.223634, 984.24857, 1000.677848 ] }, { "date": "2025-05-02", "close": 1030.0, "volume": 5034, "typical_volume": 38663.1, "trend": 1028.476666, "fair_value": 910.287179, "relative_strength": -15.735394, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 12.386951, "energy": 30.966594, "activity_lines": [ 1021.373332, 1005.007271, 987.780475, 1000.416988 ] }, { "date": "2025-05-09", "close": 1004.0, "volume": 42776, "typical_volume": 38619.7, "trend": 1022.71, "fair_value": 911.828846, "relative_strength": -21.126856, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": 3.092189, "energy": 25.290646, "activity_lines": [ 1018.053333, 1008.436363, 989.026665, 998.837849 ] }, { "date": "2025-05-16", "close": 1031.0, "volume": 50177, "typical_volume": 40461.05, "trend": 1018.176666, "fair_value": 913.598077, "relative_strength": -18.392238, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.003165, "energy": 40.312766, "activity_lines": [ 1023.8, 1015.121817, 993.082379, 999.372687 ] }, { "date": "2025-05-23", "close": 1027.0, "volume": 14030, "typical_volume": 40282.45, "trend": 1013.876666, "fair_value": 915.220513, "relative_strength": -17.107983, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.160433, "energy": 26.878726, "activity_lines": [ 1024.6, 1019.221817, 996.809522, 999.941935 ] }, { "date": "2025-05-30", "close": 1017.0, "volume": 8145, "typical_volume": 37584.85, "trend": 1011.076666, "fair_value": 916.78782, "relative_strength": -20.711882, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.034994, "energy": 18.700955, "activity_lines": [ 1021.6, 1019.861818, 999.72238, 1000.14344 ] }, { "date": "2025-06-06", "close": 1020.0, "volume": 572, "typical_volume": 36099.35, "trend": 1008.31, "fair_value": 918.754487, "relative_strength": -20.888374, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.143143, "energy": 22.801387, "activity_lines": [ 1021.0, 1020.556363, 1002.987618, 1000.719139 ] }, { "date": "2025-06-13", "close": 1042.0, "volume": 11627, "typical_volume": 30129.4, "trend": 1007.443333, "fair_value": 920.85, "relative_strength": -17.415461, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.732544, "energy": 27.833158, "activity_lines": [ 1028.4, 1025.123636, 1008.215713, 1002.892687 ] }, { "date": "2025-06-20", "close": 1006.0, "volume": 17129, "typical_volume": 28937.1, "trend": 1005.71, "fair_value": 922.694231, "relative_strength": -23.562087, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.087801, "energy": 14.609759, "activity_lines": [ 1021.266667, 1022.472727, 1009.676666, 1002.799569 ] }, { "date": "2025-06-27", "close": 1016.0, "volume": 24912, "typical_volume": 29824.4, "trend": 1004.276666, "fair_value": 924.557051, "relative_strength": -23.982443, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.41698, "energy": 12.968282, "activity_lines": [ 1019.133333, 1021.109091, 1011.910475, 1003.46344 ] }, { "date": "2025-07-04", "close": 1007.0, "volume": 12086, "typical_volume": 30120.0, "trend": 1001.943333, "fair_value": 926.458974, "relative_strength": -26.999639, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.875775, "energy": 17.564766, "activity_lines": [ 1014.733333, 1018.181818, 1013.034761, 1003.639139 ] }, { "date": "2025-07-11", "close": 980.900024, "volume": 13640, "typical_volume": 29402.2, "trend": 998.973334, "fair_value": 928.310257, "relative_strength": -28.891362, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.784368, "energy": 14.231083, "activity_lines": [ 1002.300008, 1011.072732, 1011.397145, 1002.281506 ] }, { "date": "2025-07-18", "close": 990.700012, "volume": 23402, "typical_volume": 30190.55, "trend": 996.863334, "fair_value": 930.194231, "relative_strength": -26.327599, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.527204, "energy": 22.586818, "activity_lines": [ 995.74001, 1006.638188, 1010.500479, 1001.747744 ] }, { "date": "2025-07-25", "close": 972.799988, "volume": 9523, "typical_volume": 29467.35, "trend": 994.556667, "fair_value": 931.98077, "relative_strength": -27.611385, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.078371, "energy": 47.590824, "activity_lines": [ 986.633337, 999.190912, 1007.529526, 1000.19527 ] }, { "date": "2025-08-01", "close": 958.400024, "volume": 30571, "typical_volume": 29378.9, "trend": 991.303335, "fair_value": 933.492308, "relative_strength": -27.331578, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.385145, "energy": 61.821374, "activity_lines": [ 974.94001, 990.183644, 1002.977623, 997.862583 ] }, { "date": "2025-08-08", "close": 958.200012, "volume": 12647, "typical_volume": 27477.65, "trend": 988.876668, "fair_value": 935.078847, "relative_strength": -24.581401, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.957476, "energy": 67.572959, "activity_lines": [ 967.020011, 982.387281, 998.303338, 995.726885 ] }, { "date": "2025-08-15", "close": 950.099976, "volume": 14997, "typical_volume": 27689.95, "trend": 987.473334, "fair_value": 936.52436, "relative_strength": -25.254286, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.881783, "energy": 76.804092, "activity_lines": [ 959.653333, 974.187276, 993.00905, 993.225163 ] }, { "date": "2025-08-22", "close": 985.400024, "volume": 5265, "typical_volume": 25515.45, "trend": 987.956667, "fair_value": 937.982693, "relative_strength": -22.473926, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.60637, "energy": 59.736818, "activity_lines": [ 966.106673, 973.67637, 991.376195, 993.091401 ] }, { "date": "2025-08-29", "close": 937.0, "volume": 22755, "typical_volume": 23014.85, "trend": 986.913334, "fair_value": 939.243591, "relative_strength": -27.2345, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.825862, "energy": 66.291874, "activity_lines": [ 956.780005, 965.394551, 985.227147, 989.803874 ] }, { "date": "2025-09-05", "close": 935.0, "volume": 34086, "typical_volume": 21047.3, "trend": 985.980001, "fair_value": 940.40577, "relative_strength": -25.928261, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.340155, "energy": 60.759946, "activity_lines": [ 949.173336, 958.003641, 979.077147, 986.454626 ] }, { "date": "2025-09-12", "close": 936.700012, "volume": 42223, "typical_volume": 19779.85, "trend": 985.570001, "fair_value": 941.66218, "relative_strength": -25.946387, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.272305, "energy": 67.717046, "activity_lines": [ 943.693339, 952.394551, 973.493814, 983.275272 ] }, { "date": "2025-09-19", "close": 956.099976, "volume": 10542, "typical_volume": 20055.25, "trend": 986.09, "fair_value": 942.933334, "relative_strength": -21.582388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.522391, "energy": 74.806444, "activity_lines": [ 946.11333, 951.590909, 970.240478, 981.37398 ] }, { "date": "2025-09-26", "close": 934.099976, "volume": 13000, "typical_volume": 18566.45, "trend": 986.79, "fair_value": 943.96218, "relative_strength": -22.730222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.300843, "energy": 75.513947, "activity_lines": [ 940.799988, 947.238177, 965.243809, 978.019785 ] }, { "date": "2025-10-03", "close": 934.099976, "volume": 53, "typical_volume": 16060.25, "trend": 986.966667, "fair_value": 944.897436, "relative_strength": -25.70455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.827792, "energy": 69.032304, "activity_lines": [ 938.906649, 943.914537, 960.579997, 974.620429 ] }, { "date": "2025-10-10", "close": 913.900024, "volume": 22116, "typical_volume": 16464.55, "trend": 986.206667, "fair_value": 945.800642, "relative_strength": -27.998124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.07763, "energy": 76.615267, "activity_lines": [ 930.473328, 937.621814, 954.453809, 969.906452 ] }, { "date": "2025-10-17", "close": 940.799988, "volume": 1404, "typical_volume": 16127.5, "trend": 984.566667, "fair_value": 947.025641, "relative_strength": -23.427004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.920356, "energy": 55.375608, "activity_lines": [ 932.413326, 937.029085, 951.428094, 966.976989 ] }, { "date": "2025-10-24", "close": 962.5, "volume": 63312, "typical_volume": 19264.5, "trend": 982.883333, "fair_value": 948.372436, "relative_strength": -20.43, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.494305, "energy": 38.501237, "activity_lines": [ 941.31333, 940.698177, 950.831903, 965.553333 ] }, { "date": "2025-10-31", "close": 936.200012, "volume": 49168, "typical_volume": 21141.55, "trend": 980.59, "fair_value": 949.554488, "relative_strength": -23.531103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.453015, "energy": 36.436152, "activity_lines": [ 941.020003, 939.359998, 948.004761, 962.541506 ] }, { "date": "2025-11-07", "close": 925.799988, "volume": 43541, "typical_volume": 22462.15, "trend": 978.89, "fair_value": 950.631411, "relative_strength": -24.959685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.246356, "energy": 33.46542, "activity_lines": [ 937.119999, 937.025451, 944.690951, 959.006666 ] }, { "date": "2025-11-14", "close": 926.400024, "volume": 11771, "typical_volume": 21805.1, "trend": 975.770001, "fair_value": 951.589103, "relative_strength": -26.28908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.778602, "energy": 38.082941, "activity_lines": [ 933.97334, 935.003638, 941.816191, 955.620216 ] }, { "date": "2025-11-21", "close": 946.799988, "volume": 22865, "typical_volume": 22344.05, "trend": 972.730001, "fair_value": 952.608334, "relative_strength": -22.224639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.210033, "energy": 36.260369, "activity_lines": [ 936.793335, 936.847272, 941.310951, 953.751183 ] }, { "date": "2025-11-28", "close": 945.200012, "volume": 10943, "typical_volume": 22209.2, "trend": 969.903335, "fair_value": 953.698719, "relative_strength": -22.292922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.726679, "energy": 30.774661, "activity_lines": [ 938.680005, 938.216366, 940.94, 951.975055 ] }, { "date": "2025-12-05", "close": 923.700012, "volume": 56467, "typical_volume": 23862.45, "trend": 967.226668, "fair_value": 954.659616, "relative_strength": -25.77023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.944452, "energy": 37.817791, "activity_lines": [ 934.553341, 935.87455, 938.69143, 948.994195 ] }, { "date": "2025-12-12", "close": 911.0, "volume": 56178, "typical_volume": 26195.2, "trend": 963.226668, "fair_value": 955.405129, "relative_strength": -28.511002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.327308, "energy": 44.576046, "activity_lines": [ 927.026672, 931.412732, 935.552382, 945.366668 ] }, { "date": "2025-12-19", "close": 904.900024, "volume": 10889, "typical_volume": 25211.1, "trend": 959.156669, "fair_value": 956.227565, "relative_strength": -28.792863, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.297118, "energy": 71.68693, "activity_lines": [ 918.453345, 926.261826, 932.12667, 941.603659 ] }, { "date": "2025-12-26", "close": 912.900024, "volume": 65358, "typical_volume": 27846.65, "trend": 955.68667, "fair_value": 957.191027, "relative_strength": -26.247009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.980288, "energy": 72.112431, "activity_lines": [ 913.980017, 922.729102, 929.717625, 938.619359 ] }, { "date": "2026-01-02", "close": 911.900024, "volume": 28258, "typical_volume": 28509.7, "trend": 952.083337, "fair_value": 958.15513, "relative_strength": -27.385257, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.124718, "energy": 69.538305, "activity_lines": [ 911.433353, 919.521833, 927.429055, 935.794414 ] }, { "date": "2026-01-09", "close": 895.299988, "volume": 39875, "typical_volume": 30240.2, "trend": 947.193337, "fair_value": 958.991668, "relative_strength": -30.972724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.765349, "energy": 74.588286, "activity_lines": [ 905.573344, 914.216374, 923.741435, 932.130972 ] }, { "date": "2026-01-16", "close": 886.099976, "volume": 71237, "typical_volume": 32664.3, "trend": 943.196669, "fair_value": 959.795514, "relative_strength": -32.994508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.639091, "energy": 80.124337, "activity_lines": [ 898.539998, 907.981823, 919.60667, 928.189465 ] }, { "date": "2026-01-23", "close": 855.5, "volume": 22050, "typical_volume": 32062.5, "trend": 937.846669, "fair_value": 960.444232, "relative_strength": -34.904203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.083563, "energy": 94.786617, "activity_lines": [ 882.966663, 896.905458, 912.800003, 922.531616 ] }, { "date": "2026-01-30", "close": 838.900024, "volume": 45039, "typical_volume": 32203.3, "trend": 932.243337, "fair_value": 960.998079, "relative_strength": -35.7421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.168119, "energy": 97.442592, "activity_lines": [ 865.153337, 884.100007, 904.790958, 916.147961 ] }, { "date": "2026-02-06", "close": 876.799988, "volume": 19723, "typical_volume": 32662.35, "trend": 928.773336, "fair_value": 961.905771, "relative_strength": -32.975671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.658453, "energy": 87.120586, "activity_lines": [ 864.906665, 880.147276, 900.857147, 912.570971 ] }, { "date": "2026-02-13", "close": 871.400024, "volume": 7644, "typical_volume": 32394.55, "trend": 924.796669, "fair_value": 962.942309, "relative_strength": -34.613877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.360059, "energy": 84.105621, "activity_lines": [ 865.200008, 876.45637, 896.786673, 908.869467 ] }, { "date": "2026-02-20", "close": 869.5, "volume": 12970, "typical_volume": 33040.4, "trend": 921.353337, "fair_value": 963.884617, "relative_strength": -35.051741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.136913, "energy": 64.080309, "activity_lines": [ 866.453341, 873.370914, 892.833815, 905.30194 ] }, { "date": "2026-02-27", "close": 869.0, "volume": 13175, "typical_volume": 32593.35, "trend": 918.373336, "fair_value": 964.715386, "relative_strength": -32.807346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.367829, "energy": 53.069916, "activity_lines": [ 868.646671, 870.949094, 889.140958, 901.924305 ] }, { "date": "2026-03-06", "close": 826.700012, "volume": 45130, "typical_volume": 34779.65, "trend": 913.990002, "fair_value": 965.308335, "relative_strength": -38.72564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.692756, "energy": 68.019873, "activity_lines": [ 855.840006, 861.489096, 881.633339, 896.009897 ] }, { "date": "2026-03-13", "close": 789.400024, "volume": 124137, "typical_volume": 37820.9, "trend": 908.633337, "fair_value": 965.660899, "relative_strength": -38.276264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.326467, "energy": 87.184789, "activity_lines": [ 831.413346, 846.814554, 871.116674, 887.971834 ] }, { "date": "2026-03-20", "close": 772.5, "volume": 75840, "typical_volume": 39154.5, "trend": 901.53667, "fair_value": 965.865386, "relative_strength": -40.698812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.402991, "energy": 96.017285, "activity_lines": [ 807.180009, 831.294553, 859.814769, 879.189038 ] }, { "date": "2026-03-27", "close": 771.0, "volume": 44631, "typical_volume": 39209.0, "trend": 896.003337, "fair_value": 966.198079, "relative_strength": -36.829374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.686344, "energy": 94.446615, "activity_lines": [ 789.040006, 817.734552, 849.14953, 870.767317 ] }, { "date": "2026-04-03", "close": 740.799988, "volume": 21543, "typical_volume": 39697.6, "trend": 889.530003, "fair_value": 966.276925, "relative_strength": -39.685642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.235005, "energy": 96.432715, "activity_lines": [ 767.4, 800.776367, 836.345243, 860.754198 ] }, { "date": "2026-04-10", "close": 786.700012, "volume": 38254, "typical_volume": 40467.05, "trend": 884.530003, "fair_value": 966.722438, "relative_strength": -38.696144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.335664, "energy": 85.356576, "activity_lines": [ 769.606669, 794.249095, 828.796196, 854.120005 ] }, { "date": "2026-04-17", "close": 777.299988, "volume": 57265, "typical_volume": 42783.15, "trend": 878.570003, "fair_value": 966.837822, "relative_strength": -37.958299, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.605619, "energy": 67.004874, "activity_lines": [ 771.346663, 786.96182, 821.114289, 847.20194 ] }, { "date": "2026-04-24", "close": 763.099976, "volume": 80581, "typical_volume": 43988.85, "trend": 872.870003, "fair_value": 966.925642, "relative_strength": -37.467854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.119764, "energy": 68.120095, "activity_lines": [ 769.15999, 778.901814, 812.879524, 839.75226 ] }, { "date": "2026-05-01", "close": 758.799988, "volume": 16828, "typical_volume": 42021.35, "trend": 867.02667, "fair_value": 966.802565, "relative_strength": -37.681751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.406302, "energy": 65.77192, "activity_lines": [ 766.166655, 772.029085, 804.999999, 832.392905 ] }, { "date": "2026-05-08", "close": 755.5, "volume": 80678, "typical_volume": 45510.8, "trend": 861.746669, "fair_value": 966.596796, "relative_strength": -38.260128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.781385, "energy": 67.566501, "activity_lines": [ 762.886658, 766.569085, 797.530951, 825.197636 ] }, { "date": "2026-05-15", "close": 730.0, "volume": 30827, "typical_volume": 43784.25, "trend": 854.720003, "fair_value": 966.298719, "relative_strength": -37.570201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.933917, "energy": 71.797889, "activity_lines": [ 750.12666, 758.536358, 788.344761, 816.69785 ] }, { "date": "2026-05-22", "close": 720.299988, "volume": 1070, "typical_volume": 42424.85, "trend": 846.646669, "fair_value": 965.814104, "relative_strength": -37.482413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.775592, "energy": 76.090361, "activity_lines": [ 737.913326, 750.498175, 779.105712, 808.025591 ] }, { "date": "2026-05-29", "close": 710.0, "volume": 79617, "typical_volume": 44411.95, "trend": 839.106669, "fair_value": 965.197437, "relative_strength": -38.258253, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.656531, "energy": 80.250817, "activity_lines": [ 726.066663, 741.84363, 769.798093, 799.209677 ] }, { "date": "2026-06-05", "close": 7.272, "volume": 2044, "typical_volume": 40952.3, "trend": 808.489069, "fair_value": 960.093411, "relative_strength": -99.32098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -99.805307, "energy": 97.735617, "activity_lines": [ 483.517331, 606.556722, 694.446379, 745.542924 ] }, { "date": "2026-06-12", "close": 7.37, "volume": 238, "typical_volume": 39861.7, "trend": 777.854735, "fair_value": 955.043219, "relative_strength": -99.303264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -99.908592, "energy": 99.96047, "activity_lines": [ 291.102532, 485.173596, 623.288893, 693.857823 ] }, { "date": "2026-06-19", "close": 7.689, "volume": 55869, "typical_volume": 40403.2, "trend": 746.551036, "fair_value": 949.909815, "relative_strength": -99.216291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -97.896239, "energy": 99.263343, "activity_lines": [ 148.669399, 377.183561, 556.200502, 644.169711 ] }, { "date": "2026-06-26", "close": 7.744, "volume": 1862, "typical_volume": 39510.15, "trend": 715.302502, "fair_value": 944.724841, "relative_strength": -99.164386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.303437, "energy": 94.856179, "activity_lines": [ 54.408667, 283.367362, 493.075498, 596.504741 ] }, { "date": "2026-07-03", "close": 7.73, "volume": 97, "typical_volume": 39132.8, "trend": 684.770168, "fair_value": 939.33593, "relative_strength": -99.16208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.666574, "energy": 89.033118, "activity_lines": [ 7.647, 203.540544, 434.087521, 550.854902 ] }, { "date": "2026-07-10", "close": 7.838, "volume": 35583, "typical_volume": 40263.45, "trend": 654.664768, "fair_value": 933.969507, "relative_strength": -99.111664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.332731, "energy": 88.564303, "activity_lines": [ 7.739333, 137.467363, 379.222545, 507.181859 ] }, { "date": "2026-07-17", "close": 7.734, "volume": 29881, "typical_volume": 41098.75, "trend": 624.759234, "fair_value": 928.608828, "relative_strength": -99.115853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.33868, "energy": 83.281036, "activity_lines": [ 7.759267, 85.029127, 328.450817, 465.44439 ] }, { "date": "2026-07-24", "close": 7.791, "volume": 1675, "typical_volume": 38926.0, "trend": 594.588933, "fair_value": 923.104924, "relative_strength": -99.107022, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.976295, "energy": 68.042347, "activity_lines": [ 7.773933, 46.197, 281.785784, 425.639988 ] }, { "date": "2026-07-31", "close": 7.998, "volume": 1389, "typical_volume": 32788.6, "trend": 564.458866, "fair_value": 917.806834, "relative_strength": -99.031732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.583161, "energy": 67.430229, "activity_lines": [ 7.8508, 20.533582, 239.040031, 387.795412 ] }, { "date": "2026-08-07", "close": 7.963, "volume": 4063, "typical_volume": 29199.75, "trend": 534.880966, "fair_value": 912.3707, "relative_strength": -99.009418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.158461, "energy": 63.591462, "activity_lines": [ 7.899067, 7.814745, 200.011908, 351.892453 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }