{ "ticker": { "uuid": "09366503-2c8e-4531-8f65-e5f8419dd1cb", "symbol": "TOTL", "name": "STATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 57.514, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -62.301, "architecture_energy": 69.063, "architecture_maturity": 22.924, "architecture_confidence": 86.903, "architecture_tenure": "Developing", "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": 20.34, "rotation_up": 10.35, "upward_expansion": 15.6, "deceleration": 37.39, "rotation_down": 72.48, "downward_expansion": 91.27 }, "activity_lines": [ 38.750898, 38.89903, 39.027258, 39.135377 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 38.83, "trend_reference": 39.28379, "distance_from_trend": -0.011552, "trend_direction": "Weakening", "fair_value": 37.184536, "distance_from_fair_value": 0.044251, "fair_value_direction": "Weakening", "relative_strength": -11.917349, "relative_strength_direction": "Weakening", "price_momentum": -0.020291, "excess_performance": -0.145916, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.011552, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003119, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.044251, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.02306, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.119173, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.015148, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.020291, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.628711, "read": "Supply-led" } ], "volume": { "latest": 2047902, "relative_activity": 0.882953, "balance": 0.628711, "dry_up": 1.388, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.008441, "annualized_volatility": 0.0437, "from_high_reference": -0.031944, "from_low_reference": 0.014718 }, "levels": { "trend_reference": 39.28379, "fair_value_reference": 37.184536, "structural_low": 38.525168, "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": 19, "median_return": -0.006716, "positive_rate": 0.473684, "directional_follow_through": 0.526316, "median_excess_return": 0.011497, "regime_survival": 0.789474, "best_return": 0.04388, "worst_return": -0.03893, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.00776, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.002811, "regime_survival": 0.571429, "best_return": 0.055314, "worst_return": -0.057865, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.015828, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.022388, "regime_survival": 0.25, "best_return": 0.03874, "worst_return": -0.081922, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.069721, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.093538, "regime_survival": 0.0, "best_return": 0.100562, "worst_return": -0.08233, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-26", "end": "2024-06-14", "tenure": "Developing", "return": 0.033783, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-21", "end": "2024-10-18", "tenure": "Established", "return": 0.035665, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2025-01-03", "tenure": "Developing", "return": -0.005986, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.010238, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-02-07", "tenure": "New", "return": 0.00383, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-02-21", "tenure": "New", "return": 0.003018, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-04-04", "tenure": "Developing", "return": 0.009395, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.012926, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-09", "end": "2025-06-27", "tenure": "Developing", "return": 0.011017, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2026-03-13", "tenure": "Extended", "return": 0.036735, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.006457, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": 0.004277, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-22", "tenure": "New", "return": -0.007574, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": -0.010732, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 33.906219, "volume": 2409082, "typical_volume": 1814376.8, "trend": 34.577141, "fair_value": 36.345388, "relative_strength": -8.618118, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.904531, "energy": 72.295309, "activity_lines": [ 34.213944, 34.391041, 34.506893, 34.555429 ] }, { "date": "2023-08-25", "close": 34.027005, "volume": 1686139, "typical_volume": 1809098.95, "trend": 34.558026, "fair_value": 36.319185, "relative_strength": -8.814654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.1584, "energy": 73.528311, "activity_lines": [ 34.10429, 34.305706, 34.451482, 34.519936 ] }, { "date": "2023-09-01", "close": 34.11896, "volume": 2282688, "typical_volume": 1824300.7, "trend": 34.53332, "fair_value": 36.2931, "relative_strength": -10.562885, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.313082, "energy": 72.103879, "activity_lines": [ 34.074912, 34.248058, 34.409833, 34.491609 ] }, { "date": "2023-09-08", "close": 34.02368, "volume": 1465698, "typical_volume": 1804655.05, "trend": 34.51893, "fair_value": 36.266157, "relative_strength": -9.48127, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.300569, "energy": 69.721361, "activity_lines": [ 34.044091, 34.184251, 34.362139, 34.458729 ] }, { "date": "2023-09-15", "close": 33.997695, "volume": 4347983, "typical_volume": 1942033.85, "trend": 34.509858, "fair_value": 36.239394, "relative_strength": -9.164468, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.472913, "energy": 55.39293, "activity_lines": [ 34.026687, 34.128306, 34.314847, 34.425101 ] }, { "date": "2023-09-22", "close": 33.798472, "volume": 2360571, "typical_volume": 1957741.35, "trend": 34.502578, "fair_value": 36.212492, "relative_strength": -6.677738, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.673255, "energy": 50.909553, "activity_lines": [ 33.954607, 34.042861, 34.252997, 34.379205 ] }, { "date": "2023-09-29", "close": 33.477985, "volume": 1672434, "typical_volume": 1957519.0, "trend": 34.482568, "fair_value": 36.182729, "relative_strength": -6.586926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.184911, "energy": 67.786184, "activity_lines": [ 33.782881, 33.916209, 34.166234, 34.313102 ] }, { "date": "2023-10-06", "close": 33.013311, "volume": 2762007, "typical_volume": 1995090.65, "trend": 34.434371, "fair_value": 36.14979, "relative_strength": -7.988052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.755026, "energy": 88.760762, "activity_lines": [ 33.492865, 33.728589, 34.041947, 34.218312 ] }, { "date": "2023-10-13", "close": 33.361186, "volume": 4970937, "typical_volume": 2166557.9, "trend": 34.387049, "fair_value": 36.118733, "relative_strength": -7.104389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.314264, "energy": 84.647089, "activity_lines": [ 33.392518, 33.632589, 33.957783, 34.149074 ] }, { "date": "2023-10-20", "close": 32.68283, "volume": 3527114, "typical_volume": 2285293.1, "trend": 34.313588, "fair_value": 36.084071, "relative_strength": -6.539372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.694899, "energy": 94.373386, "activity_lines": [ 33.110218, 33.431318, 33.813742, 34.039124 ] }, { "date": "2023-10-27", "close": 32.848071, "volume": 4500872, "typical_volume": 2412870.45, "trend": 34.250855, "fair_value": 36.050717, "relative_strength": -3.538377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.117995, "energy": 89.403546, "activity_lines": [ 32.970656, 33.287197, 33.694262, 33.944575 ] }, { "date": "2023-11-03", "close": 33.439822, "volume": 4292289, "typical_volume": 2568840.0, "trend": 34.19625, "fair_value": 36.020078, "relative_strength": -6.990788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.606404, "energy": 59.763051, "activity_lines": [ 33.091704, 33.269907, 33.639423, 33.89225 ] }, { "date": "2023-11-10", "close": 33.387422, "volume": 2464251, "typical_volume": 2622340.3, "trend": 34.150659, "fair_value": 35.988905, "relative_strength": -8.201205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.467454, "energy": 52.884499, "activity_lines": [ 33.19783, 33.253765, 33.585262, 33.840068 ] }, { "date": "2023-11-17", "close": 33.780421, "volume": 2828161, "typical_volume": 2687593.15, "trend": 34.122416, "fair_value": 35.959853, "relative_strength": -9.001891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.577322, "energy": 29.572864, "activity_lines": [ 33.410015, 33.322379, 33.574937, 33.816181 ] }, { "date": "2023-11-24", "close": 33.762954, "volume": 2769499, "typical_volume": 2767069.6, "trend": 34.083679, "fair_value": 35.93069, "relative_strength": -9.727931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.233977, "energy": 27.323959, "activity_lines": [ 33.588429, 33.392239, 33.567403, 33.79299 ] }, { "date": "2023-12-01", "close": 34.394512, "volume": 3169878, "typical_volume": 2817568.7, "trend": 34.064279, "fair_value": 35.905561, "relative_strength": -8.582438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.125455, "energy": 21.863233, "activity_lines": [ 33.905354, 33.581196, 33.622897, 33.813044 ] }, { "date": "2023-12-08", "close": 34.517287, "volume": 2175024, "typical_volume": 2864015.3, "trend": 34.051814, "fair_value": 35.880472, "relative_strength": -8.196105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 35.360622, "energy": 40.414317, "activity_lines": [ 34.160107, 33.781639, 33.691714, 33.84227 ] }, { "date": "2023-12-15", "close": 35.262706, "volume": 5658526, "typical_volume": 3067242.9, "trend": 34.077843, "fair_value": 35.859963, "relative_strength": -8.067346, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.096063, "energy": 63.90606, "activity_lines": [ 34.591503, 34.098716, 33.832733, 33.920392 ] }, { "date": "2023-12-22", "close": 35.361713, "volume": 3248212, "typical_volume": 3137434.25, "trend": 34.111436, "fair_value": 35.840189, "relative_strength": -8.3223, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.057091, "energy": 75.091563, "activity_lines": [ 34.930882, 34.392897, 33.9799, 34.003223 ] }, { "date": "2023-12-29", "close": 35.502842, "volume": 1480561, "typical_volume": 3003596.3, "trend": 34.143661, "fair_value": 35.821419, "relative_strength": -7.960507, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.74864, "energy": 82.136475, "activity_lines": [ 35.211884, 34.676364, 34.135714, 34.092991 ] }, { "date": "2024-01-05", "close": 35.211763, "volume": 1381311, "typical_volume": 2952207.75, "trend": 34.164471, "fair_value": 35.801234, "relative_strength": -6.958535, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.863286, "energy": 78.091881, "activity_lines": [ 35.279868, 34.855634, 34.257477, 34.161901 ] }, { "date": "2024-01-12", "close": 35.46756, "volume": 1881656, "typical_volume": 2961983.6, "trend": 34.19238, "fair_value": 35.782538, "relative_strength": -7.70501, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.106519, "energy": 87.823913, "activity_lines": [ 35.378634, 35.038437, 34.397384, 34.245971 ] }, { "date": "2024-01-19", "close": 35.176481, "volume": 2250953, "typical_volume": 2960396.85, "trend": 34.207163, "fair_value": 35.761676, "relative_strength": -9.213587, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.45485, "energy": 78.483098, "activity_lines": [ 35.317022, 35.131449, 34.50271, 34.309461 ] }, { "date": "2024-01-26", "close": 35.150019, "volume": 2833896, "typical_volume": 3028806.75, "trend": 34.221634, "fair_value": 35.740794, "relative_strength": -9.896379, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.153528, "energy": 57.142911, "activity_lines": [ 35.252338, 35.18712, 34.60048, 34.370291 ] }, { "date": "2024-02-02", "close": 35.473574, "volume": 1874467, "typical_volume": 2905130.95, "trend": 34.258504, "fair_value": 35.721893, "relative_strength": -10.039287, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.021841, "energy": 60.040879, "activity_lines": [ 35.309618, 35.276719, 34.723701, 34.451061 ] }, { "date": "2024-02-09", "close": 35.198997, "volume": 1739035, "typical_volume": 2874054.15, "trend": 34.273904, "fair_value": 35.701932, "relative_strength": -11.625264, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.415855, "energy": 46.677353, "activity_lines": [ 35.277324, 35.285292, 34.813744, 34.511738 ] }, { "date": "2024-02-16", "close": 35.119281, "volume": 1696078, "typical_volume": 2875236.35, "trend": 34.2855, "fair_value": 35.682462, "relative_strength": -11.202003, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.3466, "energy": 44.060904, "activity_lines": [ 35.219309, 35.264744, 34.889526, 34.566278 ] }, { "date": "2024-02-23", "close": 35.119281, "volume": 8216503, "typical_volume": 3147961.15, "trend": 34.303686, "fair_value": 35.663393, "relative_strength": -12.277172, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.504368, "energy": 39.624574, "activity_lines": [ 35.184512, 35.233251, 34.957492, 34.620071 ] }, { "date": "2024-03-01", "close": 35.323604, "volume": 5189072, "typical_volume": 3158867.9, "trend": 34.335978, "fair_value": 35.646366, "relative_strength": -12.269054, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.627969, "energy": 38.660074, "activity_lines": [ 35.221637, 35.241515, 35.034889, 34.685872 ] }, { "date": "2024-03-08", "close": 35.590466, "volume": 2062295, "typical_volume": 3085626.95, "trend": 34.383204, "fair_value": 35.632254, "relative_strength": -10.950616, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.578426, "energy": 50.612577, "activity_lines": [ 35.336143, 35.298992, 35.128356, 34.766807 ] }, { "date": "2024-03-15", "close": 35.243545, "volume": 1076861, "typical_volume": 2914426.4, "trend": 34.427782, "fair_value": 35.616369, "relative_strength": -11.302833, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.79953, "energy": 46.609215, "activity_lines": [ 35.327216, 35.2918, 35.174938, 34.822312 ] }, { "date": "2024-03-22", "close": 35.421453, "volume": 1870413, "typical_volume": 2793332.6, "trend": 34.474263, "fair_value": 35.600923, "relative_strength": -12.336897, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.044218, "energy": 49.99913, "activity_lines": [ 35.374622, 35.316377, 35.227056, 34.88642 ] }, { "date": "2024-03-29", "close": 35.626047, "volume": 1894265, "typical_volume": 2764833.3, "trend": 34.524499, "fair_value": 35.586824, "relative_strength": -11.750915, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.750476, "energy": 58.245122, "activity_lines": [ 35.470081, 35.378991, 35.289223, 34.960729 ] }, { "date": "2024-04-05", "close": 35.33899, "volume": 2666206, "typical_volume": 2756735.55, "trend": 34.568343, "fair_value": 35.570433, "relative_strength": -11.26263, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.528668, "energy": 43.49391, "activity_lines": [ 35.43607, 35.381238, 35.313391, 35.013277 ] }, { "date": "2024-04-12", "close": 35.115665, "volume": 2434914, "typical_volume": 2740006.3, "trend": 34.605609, "fair_value": 35.551805, "relative_strength": -10.138205, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.942968, "energy": 28.063591, "activity_lines": [ 35.326592, 35.339446, 35.308868, 35.048588 ] }, { "date": "2024-04-19", "close": 34.928071, "volume": 1519842, "typical_volume": 2657504.5, "trend": 34.643262, "fair_value": 35.531974, "relative_strength": -7.444191, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 13.430439, "energy": 9.340216, "activity_lines": [ 35.186235, 35.270053, 35.280038, 35.069392 ] }, { "date": "2024-04-26", "close": 34.820875, "volume": 1836926, "typical_volume": 2640599.6, "trend": 34.688025, "fair_value": 35.511155, "relative_strength": -9.726488, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.673463, "energy": 14.487648, "activity_lines": [ 35.031179, 35.186096, 35.238458, 35.080851 ] }, { "date": "2024-05-03", "close": 35.268277, "volume": 2477899, "typical_volume": 2481568.25, "trend": 34.763191, "fair_value": 35.493012, "relative_strength": -8.714732, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.934483, "energy": 17.932137, "activity_lines": [ 35.065295, 35.18891, 35.238042, 35.118286 ] }, { "date": "2024-05-10", "close": 35.28622, "volume": 1947087, "typical_volume": 2416512.0, "trend": 34.827358, "fair_value": 35.475387, "relative_strength": -9.924383, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.453016, "energy": 14.16293, "activity_lines": [ 35.129243, 35.192277, 35.239308, 35.15203 ] }, { "date": "2024-05-17", "close": 35.474629, "volume": 1140500, "typical_volume": 2399508.95, "trend": 34.920418, "fair_value": 35.459122, "relative_strength": -10.537108, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.892573, "energy": 19.108589, "activity_lines": [ 35.259512, 35.23058, 35.258877, 35.19379 ] }, { "date": "2024-05-24", "close": 35.411826, "volume": 1086593, "typical_volume": 2384773.05, "trend": 35.005877, "fair_value": 35.442303, "relative_strength": -10.323143, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.227196, "energy": 27.489999, "activity_lines": [ 35.344916, 35.259571, 35.2726, 35.225493 ] }, { "date": "2024-05-31", "close": 35.375939, "volume": 1030452, "typical_volume": 2342212.85, "trend": 35.070414, "fair_value": 35.42483, "relative_strength": -9.717808, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.153323, "energy": 27.423697, "activity_lines": [ 35.386107, 35.278977, 35.281952, 35.249368 ] }, { "date": "2024-06-07", "close": 35.546826, "volume": 1229138, "typical_volume": 2291122.1, "trend": 35.142394, "fair_value": 35.407948, "relative_strength": -10.059102, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.373538, "energy": 41.461961, "activity_lines": [ 35.447256, 35.330281, 35.308015, 35.280105 ] }, { "date": "2024-06-14", "close": 35.997241, "volume": 1060221, "typical_volume": 2202438.35, "trend": 35.216288, "fair_value": 35.394459, "relative_strength": -10.079582, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.370501, "energy": 63.994415, "activity_lines": [ 35.639974, 35.464919, 35.375211, 35.335256 ] }, { "date": "2024-06-21", "close": 35.970217, "volume": 942467, "typical_volume": 2155838.35, "trend": 35.289864, "fair_value": 35.381048, "relative_strength": -10.365859, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.687001, "energy": 68.387532, "activity_lines": [ 35.776282, 35.582676, 35.435799, 35.383897 ] }, { "date": "2024-06-28", "close": 35.781042, "volume": 1485504, "typical_volume": 2143161.8, "trend": 35.336081, "fair_value": 35.365605, "relative_strength": -10.470401, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.98057, "energy": 65.071766, "activity_lines": [ 35.816493, 35.650499, 35.476006, 35.415586 ] }, { "date": "2024-07-05", "close": 36.038082, "volume": 784348, "typical_volume": 2097575.3, "trend": 35.386774, "fair_value": 35.351303, "relative_strength": -11.184248, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.375395, "energy": 70.713147, "activity_lines": [ 35.917769, 35.749549, 35.537921, 35.460876 ] }, { "date": "2024-07-12", "close": 36.345713, "volume": 1625480, "typical_volume": 1768024.15, "trend": 35.422875, "fair_value": 35.339024, "relative_strength": -10.965897, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.676678, "energy": 81.8936, "activity_lines": [ 36.077446, 35.8824, 35.624759, 35.522743 ] }, { "date": "2024-07-19", "close": 36.255233, "volume": 1458837, "typical_volume": 1581512.4, "trend": 35.452659, "fair_value": 35.325658, "relative_strength": -9.121803, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.137532, "energy": 77.991393, "activity_lines": [ 36.153704, 35.979211, 35.69714, 35.576443 ] }, { "date": "2024-07-26", "close": 36.363809, "volume": 1305370, "typical_volume": 1543666.15, "trend": 35.481358, "fair_value": 35.312735, "relative_strength": -7.845472, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.203429, "energy": 82.364025, "activity_lines": [ 36.248955, 36.078145, 35.775424, 35.635227 ] }, { "date": "2024-08-02", "close": 37.348881, "volume": 1514499, "typical_volume": 1565548.05, "trend": 35.552595, "fair_value": 35.306794, "relative_strength": -3.096667, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.816289, "energy": 96.244925, "activity_lines": [ 36.646323, 36.340015, 35.943843, 35.755713 ] }, { "date": "2024-08-09", "close": 37.067242, "volume": 1944546, "typical_volume": 1569254.7, "trend": 35.605918, "fair_value": 35.298946, "relative_strength": -3.633128, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.11068, "energy": 90.347947, "activity_lines": [ 36.845289, 36.515459, 36.075414, 35.853432 ] }, { "date": "2024-08-16", "close": 37.176264, "volume": 1100710, "typical_volume": 1529576.95, "trend": 35.672577, "fair_value": 35.291035, "relative_strength": -6.776377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.523572, "energy": 90.360725, "activity_lines": [ 37.011985, 36.679975, 36.20953, 35.954745 ] }, { "date": "2024-08-23", "close": 37.448817, "volume": 2021799, "typical_volume": 1497356.6, "trend": 35.749204, "fair_value": 35.284872, "relative_strength": -7.1061, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.037909, "energy": 91.910442, "activity_lines": [ 37.214163, 36.864419, 36.362222, 36.069341 ] }, { "date": "2024-08-30", "close": 37.303455, "volume": 1699117, "typical_volume": 1460566.75, "trend": 35.8102, "fair_value": 35.277171, "relative_strength": -7.460446, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.892548, "energy": 79.649071, "activity_lines": [ 37.288313, 36.996042, 36.491023, 36.169615 ] }, { "date": "2024-09-06", "close": 37.757804, "volume": 1968159, "typical_volume": 1482982.6, "trend": 35.895493, "fair_value": 35.272536, "relative_strength": -2.091779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.927732, "energy": 85.505327, "activity_lines": [ 37.451271, 37.186033, 36.652677, 36.295267 ] }, { "date": "2024-09-13", "close": 37.93113, "volume": 2062518, "typical_volume": 1494262.2, "trend": 35.989221, "fair_value": 35.269571, "relative_strength": -5.176055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.064221, "energy": 89.270412, "activity_lines": [ 37.644742, 37.371597, 36.817364, 36.426598 ] }, { "date": "2024-09-20", "close": 37.821661, "volume": 1897023, "typical_volume": 1465218.4, "trend": 36.079301, "fair_value": 35.266414, "relative_strength": -6.445971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.723323, "energy": 79.306091, "activity_lines": [ 37.744131, 37.502838, 36.956815, 36.54482 ] }, { "date": "2024-09-27", "close": 37.858151, "volume": 1404134, "typical_volume": 1438070.75, "trend": 36.163786, "fair_value": 35.262834, "relative_strength": -6.551705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.845776, "energy": 75.46362, "activity_lines": [ 37.812657, 37.613878, 37.087581, 36.659585 ] }, { "date": "2024-10-04", "close": 37.454607, "volume": 2150381, "typical_volume": 1488564.8, "trend": 36.225924, "fair_value": 35.258759, "relative_strength": -7.476924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.527271, "energy": 64.437087, "activity_lines": [ 37.719379, 37.622403, 37.167668, 36.742864 ] }, { "date": "2024-10-11", "close": 37.25309, "volume": 1306975, "typical_volume": 1499583.9, "trend": 36.292909, "fair_value": 35.252831, "relative_strength": -8.672486, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.578469, "energy": 49.889431, "activity_lines": [ 37.548852, 37.574455, 37.219134, 36.809132 ] }, { "date": "2024-10-18", "close": 37.25309, "volume": 1459555, "typical_volume": 1521039.05, "trend": 36.353963, "fair_value": 35.248128, "relative_strength": -9.084443, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.021468, "energy": 36.747641, "activity_lines": [ 37.411973, 37.528249, 37.261832, 36.871079 ] }, { "date": "2024-10-25", "close": 36.831737, "volume": 2731032, "typical_volume": 1596133.75, "trend": 36.394153, "fair_value": 35.239958, "relative_strength": -8.81436, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.684323, "energy": 28.35132, "activity_lines": [ 37.179845, 37.402055, 37.255462, 36.901904 ] }, { "date": "2024-11-01", "close": 36.676015, "volume": 5153277, "typical_volume": 1800786.55, "trend": 36.43872, "fair_value": 35.229742, "relative_strength": -7.577622, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.849902, "energy": 25.630209, "activity_lines": [ 36.961805, 37.253811, 37.228143, 36.920088 ] }, { "date": "2024-11-08", "close": 36.896788, "volume": 5605243, "typical_volume": 2033925.35, "trend": 36.498091, "fair_value": 35.222373, "relative_strength": -10.8683, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.185502, "energy": 26.930705, "activity_lines": [ 36.896165, 37.159759, 37.218618, 36.949641 ] }, { "date": "2024-11-15", "close": 36.648418, "volume": 2563136, "typical_volume": 2087806.95, "trend": 36.555436, "fair_value": 35.213258, "relative_strength": -9.25051, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.343133, "energy": 33.679441, "activity_lines": [ 36.784923, 37.027943, 37.181026, 36.95934 ] }, { "date": "2024-11-22", "close": 36.694412, "volume": 2432695, "typical_volume": 2170224.3, "trend": 36.617887, "fair_value": 35.204439, "relative_strength": -10.286923, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -8.510233, "energy": 34.280186, "activity_lines": [ 36.729324, 36.92466, 37.143685, 36.968306 ] }, { "date": "2024-11-29", "close": 37.163556, "volume": 1039286, "typical_volume": 2140914.6, "trend": 36.681063, "fair_value": 35.197411, "relative_strength": -9.841637, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.848847, "energy": 16.757575, "activity_lines": [ 36.867352, 36.929162, 37.147898, 37.00351 ] }, { "date": "2024-12-06", "close": 37.309624, "volume": 2675006, "typical_volume": 2201723.05, "trend": 36.74851, "fair_value": 35.192602, "relative_strength": -9.899813, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.605222, "energy": 16.072481, "activity_lines": [ 37.031947, 36.972187, 37.162128, 37.044062 ] }, { "date": "2024-12-13", "close": 36.866232, "volume": 1884127, "typical_volume": 2230660.9, "trend": 36.794897, "fair_value": 35.184114, "relative_strength": -10.063654, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.39276, "energy": 14.361405, "activity_lines": [ 37.006504, 36.944568, 37.12911, 37.051657 ] }, { "date": "2024-12-20", "close": 36.667027, "volume": 2251069, "typical_volume": 2267489.4, "trend": 36.836737, "fair_value": 35.174709, "relative_strength": -8.525252, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.682283, "energy": 9.593235, "activity_lines": [ 36.916697, 36.891428, 37.074727, 37.043408 ] }, { "date": "2024-12-27", "close": 36.53687, "volume": 1880728, "typical_volume": 2264298.5, "trend": 36.875434, "fair_value": 35.165037, "relative_strength": -9.07391, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.848994, "energy": 25.851941, "activity_lines": [ 36.782264, 36.825279, 37.011195, 37.024062 ] }, { "date": "2025-01-03", "close": 36.611246, "volume": 2798785, "typical_volume": 2349202.25, "trend": 36.910915, "fair_value": 35.158262, "relative_strength": -8.041601, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.690282, "energy": 50.15488, "activity_lines": [ 36.683125, 36.785675, 36.957272, 37.007017 ] }, { "date": "2025-01-10", "close": 36.323041, "volume": 1412591, "typical_volume": 2318741.85, "trend": 36.921775, "fair_value": 35.149641, "relative_strength": -6.622979, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.629207, "energy": 66.20153, "activity_lines": [ 36.524739, 36.697679, 36.878591, 36.96909 ] }, { "date": "2025-01-17", "close": 36.694918, "volume": 2211412, "typical_volume": 2344356.6, "trend": 36.945932, "fair_value": 35.143712, "relative_strength": -8.036368, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.356696, "energy": 55.995325, "activity_lines": [ 36.556084, 36.683715, 36.840688, 36.954454 ] }, { "date": "2025-01-24", "close": 36.694918, "volume": 1790047, "typical_volume": 2335451.0, "trend": 36.976394, "fair_value": 35.138556, "relative_strength": -9.276582, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.850918, "energy": 55.548515, "activity_lines": [ 36.59885, 36.673421, 36.805683, 36.938259 ] }, { "date": "2025-01-31", "close": 36.908747, "volume": 1924483, "typical_volume": 2328549.25, "trend": 37.005417, "fair_value": 35.136339, "relative_strength": -7.511994, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.767863, "energy": 27.216252, "activity_lines": [ 36.711033, 36.70116, 36.796104, 36.933895 ] }, { "date": "2025-02-07", "close": 37.050118, "volume": 3109179, "typical_volume": 2389157.05, "trend": 37.028897, "fair_value": 35.135958, "relative_strength": -6.73965, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.334062, "energy": 18.260067, "activity_lines": [ 36.845547, 36.750705, 36.804858, 36.936779 ] }, { "date": "2025-02-14", "close": 37.124815, "volume": 1907763, "typical_volume": 2414338.5, "trend": 37.057883, "fair_value": 35.136366, "relative_strength": -7.64319, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.563608, "energy": 18.405266, "activity_lines": [ 36.975703, 36.815895, 36.824399, 36.942967 ] }, { "date": "2025-02-21", "close": 37.236862, "volume": 1255090, "typical_volume": 2369573.95, "trend": 37.086985, "fair_value": 35.138422, "relative_strength": -5.638015, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.563481, "energy": 29.718322, "activity_lines": [ 37.089756, 36.904816, 36.858104, 36.954514 ] }, { "date": "2025-02-28", "close": 37.694386, "volume": 1493293, "typical_volume": 2378889.85, "trend": 37.098501, "fair_value": 35.141565, "relative_strength": -3.374059, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.212189, "energy": 58.696945, "activity_lines": [ 37.320187, 37.070185, 36.936419, 36.993702 ] }, { "date": "2025-03-07", "close": 37.522429, "volume": 1608783, "typical_volume": 2386351.25, "trend": 37.113674, "fair_value": 35.147439, "relative_strength": -0.611229, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.937841, "energy": 60.573783, "activity_lines": [ 37.426668, 37.18561, 36.996256, 37.021052 ] }, { "date": "2025-03-14", "close": 37.503677, "volume": 1521183, "typical_volume": 2325858.8, "trend": 37.124588, "fair_value": 35.154124, "relative_strength": 1.747388, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.009942, "energy": 64.687921, "activity_lines": [ 37.485987, 37.279706, 37.053024, 37.046213 ] }, { "date": "2025-03-21", "close": 37.691195, "volume": 1251689, "typical_volume": 2130779.4, "trend": 37.132667, "fair_value": 35.165328, "relative_strength": 1.797491, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.760843, "energy": 69.696638, "activity_lines": [ 37.577574, 37.391671, 37.124452, 37.082768 ] }, { "date": "2025-03-28", "close": 37.709947, "volume": 1234155, "typical_volume": 1912225.0, "trend": 37.146217, "fair_value": 35.175465, "relative_strength": 3.406718, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.143727, "energy": 63.051638, "activity_lines": [ 37.637653, 37.482169, 37.192831, 37.120012 ] }, { "date": "2025-04-04", "close": 38.048527, "volume": 2599571, "typical_volume": 1914046.75, "trend": 37.155908, "fair_value": 35.190681, "relative_strength": 14.527658, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.16252, "energy": 76.728413, "activity_lines": [ 37.779053, 37.615772, 37.289584, 37.178226 ] }, { "date": "2025-04-11", "close": 37.163459, "volume": 3798740, "typical_volume": 1982349.0, "trend": 37.130319, "fair_value": 35.201419, "relative_strength": 5.859435, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.43106, "energy": 41.403697, "activity_lines": [ 37.601821, 37.563843, 37.295378, 37.178713 ] }, { "date": "2025-04-18", "close": 37.417681, "volume": 1311606, "typical_volume": 1995965.0, "trend": 37.116853, "fair_value": 35.215137, "relative_strength": 8.119379, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.545364, "energy": 30.749172, "activity_lines": [ 37.533261, 37.553505, 37.323149, 37.197253 ] }, { "date": "2025-04-25", "close": 37.681318, "volume": 2568824, "typical_volume": 1990655.9, "trend": 37.110958, "fair_value": 35.231584, "relative_strength": 4.118894, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.287404, "energy": 29.534039, "activity_lines": [ 37.558313, 37.584417, 37.374819, 37.23367 ] }, { "date": "2025-05-02", "close": 37.643819, "volume": 1447506, "typical_volume": 1968824.85, "trend": 37.117265, "fair_value": 35.248904, "relative_strength": 1.158516, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.178366, "energy": 21.591529, "activity_lines": [ 37.571524, 37.598394, 37.421147, 37.268048 ] }, { "date": "2025-05-09", "close": 37.54926, "volume": 2043134, "typical_volume": 1958428.1, "trend": 37.127138, "fair_value": 35.265775, "relative_strength": 1.398647, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.561926, "energy": 24.684133, "activity_lines": [ 37.557623, 37.587779, 37.454767, 37.295918 ] }, { "date": "2025-05-16", "close": 37.464157, "volume": 3209220, "typical_volume": 2024852.7, "trend": 37.134173, "fair_value": 35.281527, "relative_strength": -3.779691, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.550703, "energy": 24.019927, "activity_lines": [ 37.54864, 37.564329, 37.476081, 37.317662 ] }, { "date": "2025-05-23", "close": 37.293951, "volume": 3499477, "typical_volume": 2059887.3, "trend": 37.14958, "fair_value": 35.294103, "relative_strength": -1.624687, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.235957, "energy": 15.077683, "activity_lines": [ 37.462875, 37.510992, 37.476769, 37.32797 ] }, { "date": "2025-05-30", "close": 37.568172, "volume": 1070132, "typical_volume": 2042764.35, "trend": 37.179319, "fair_value": 35.310545, "relative_strength": -2.509774, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.047077, "energy": 16.441853, "activity_lines": [ 37.476765, 37.511327, 37.500323, 37.354976 ] }, { "date": "2025-06-06", "close": 37.478676, "volume": 2020258, "typical_volume": 2033206.65, "trend": 37.198715, "fair_value": 35.328974, "relative_strength": -4.187861, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.8183, "energy": 11.295246, "activity_lines": [ 37.468366, 37.497626, 37.509423, 37.374289 ] }, { "date": "2025-06-13", "close": 37.716063, "volume": 4163893, "typical_volume": 2151898.95, "trend": 37.234303, "fair_value": 35.351278, "relative_strength": -3.12163, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.4861, "energy": 20.409636, "activity_lines": [ 37.550106, 37.531292, 37.5374, 37.407666 ] }, { "date": "2025-06-20", "close": 37.763541, "volume": 2807886, "typical_volume": 2196069.1, "trend": 37.269941, "fair_value": 35.372945, "relative_strength": -2.74825, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.314799, "energy": 34.701142, "activity_lines": [ 37.636552, 37.579634, 37.565036, 37.441811 ] }, { "date": "2025-06-27", "close": 37.962946, "volume": 1939213, "typical_volume": 2137570.8, "trend": 37.296587, "fair_value": 35.394669, "relative_strength": -5.380297, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.372787, "energy": 53.467659, "activity_lines": [ 37.769507, 37.653322, 37.607593, 37.486521 ] }, { "date": "2025-07-04", "close": 37.931874, "volume": 897234, "typical_volume": 2087044.35, "trend": 37.317329, "fair_value": 35.416981, "relative_strength": -6.893971, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.385361, "energy": 62.719599, "activity_lines": [ 37.847505, 37.711446, 37.642843, 37.527507 ] }, { "date": "2025-07-11", "close": 37.846055, "volume": 1331449, "typical_volume": 2090862.3, "trend": 37.34999, "fair_value": 35.437903, "relative_strength": -6.710088, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.639709, "energy": 66.090208, "activity_lines": [ 37.87265, 37.749412, 37.666077, 37.561618 ] }, { "date": "2025-07-18", "close": 37.83652, "volume": 1150625, "typical_volume": 2073728.9, "trend": 37.388973, "fair_value": 35.456298, "relative_strength": -7.141726, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.034764, "energy": 61.675814, "activity_lines": [ 37.870125, 37.781966, 37.685503, 37.593007 ] }, { "date": "2025-07-25", "close": 38.017693, "volume": 1820002, "typical_volume": 2084289.85, "trend": 37.438334, "fair_value": 35.474751, "relative_strength": -7.874413, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.061169, "energy": 61.588126, "activity_lines": [ 37.91996, 37.842239, 37.721505, 37.63357 ] }, { "date": "2025-08-01", "close": 38.338591, "volume": 2916041, "typical_volume": 2154032.75, "trend": 37.495912, "fair_value": 35.496319, "relative_strength": -4.535235, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.578767, "energy": 74.497688, "activity_lines": [ 38.059818, 37.950792, 37.785711, 37.691651 ] }, { "date": "2025-08-08", "close": 38.348166, "volume": 1858089, "typical_volume": 2184352.75, "trend": 37.563416, "fair_value": 35.51658, "relative_strength": -6.543737, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.418836, "energy": 79.294539, "activity_lines": [ 38.177825, 38.042092, 37.846854, 37.746635 ] }, { "date": "2025-08-15", "close": 38.309866, "volume": 1902714, "typical_volume": 2217780.7, "trend": 37.617248, "fair_value": 35.537332, "relative_strength": -7.313962, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.167565, "energy": 81.406067, "activity_lines": [ 38.255312, 38.112247, 37.90122, 37.794793 ] }, { "date": "2025-08-22", "close": 38.510942, "volume": 1139807, "typical_volume": 2144792.5, "trend": 37.677782, "fair_value": 35.561585, "relative_strength": -6.880905, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.165981, "energy": 88.917213, "activity_lines": [ 38.368903, 38.203849, 37.971879, 37.852451 ] }, { "date": "2025-08-29", "close": 38.635418, "volume": 1533583, "typical_volume": 2031534.65, "trend": 37.735337, "fair_value": 35.588158, "relative_strength": -6.342582, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.167078, "energy": 91.480363, "activity_lines": [ 38.479025, 38.303631, 38.052192, 37.914234 ] }, { "date": "2025-09-05", "close": 38.976852, "volume": 1128559, "typical_volume": 2022382.3, "trend": 37.799562, "fair_value": 35.617739, "relative_strength": -5.535671, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.995376, "energy": 95.110054, "activity_lines": [ 38.661777, 38.449639, 38.158013, 37.994332 ] }, { "date": "2025-09-12", "close": 39.111488, "volume": 1633084, "typical_volume": 1975595.3, "trend": 37.865784, "fair_value": 35.64998, "relative_strength": -6.426307, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.840507, "energy": 96.025933, "activity_lines": [ 38.846857, 38.601692, 38.269231, 38.078972 ] }, { "date": "2025-09-19", "close": 39.063404, "volume": 1735332, "typical_volume": 1989986.6, "trend": 37.926669, "fair_value": 35.685085, "relative_strength": -7.444271, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.946869, "energy": 91.783259, "activity_lines": [ 38.96502, 38.723555, 38.36906, 38.156238 ] }, { "date": "2025-09-26", "close": 38.957619, "volume": 1467522, "typical_volume": 1961206.0, "trend": 37.968777, "fair_value": 35.722419, "relative_strength": -7.203019, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.312959, "energy": 87.503218, "activity_lines": [ 38.997686, 38.80405, 38.452054, 38.222751 ] }, { "date": "2025-10-03", "close": 39.106998, "volume": 1736119, "typical_volume": 1887550.95, "trend": 38.021596, "fair_value": 35.760589, "relative_strength": -7.659701, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.870456, "energy": 86.567724, "activity_lines": [ 39.050367, 38.891322, 38.542568, 38.296184 ] }, { "date": "2025-10-10", "close": 39.184246, "volume": 2289417, "typical_volume": 1827047.95, "trend": 38.077615, "fair_value": 35.801802, "relative_strength": -5.037716, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.22162, "energy": 69.780529, "activity_lines": [ 39.097358, 38.972833, 38.632616, 38.371194 ] }, { "date": "2025-10-17", "close": 39.358055, "volume": 2023012, "typical_volume": 1874691.95, "trend": 38.133177, "fair_value": 35.846093, "relative_strength": -6.098588, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.403481, "energy": 71.436449, "activity_lines": [ 39.18846, 39.07057, 38.730216, 38.453803 ] }, { "date": "2025-10-24", "close": 39.387023, "volume": 2011838, "typical_volume": 1874270.95, "trend": 38.189079, "fair_value": 35.888552, "relative_strength": -7.638685, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.324064, "energy": 70.461288, "activity_lines": [ 39.272779, 39.155213, 38.822051, 38.534696 ] }, { "date": "2025-10-31", "close": 39.184246, "volume": 2632041, "typical_volume": 1797678.35, "trend": 38.226937, "fair_value": 35.931303, "relative_strength": -8.551192, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.876457, "energy": 65.368, "activity_lines": [ 39.267932, 39.183402, 38.885487, 38.598901 ] }, { "date": "2025-11-07", "close": 39.216244, "volume": 1694351, "typical_volume": 1742001.6, "trend": 38.295363, "fair_value": 35.970583, "relative_strength": -6.850285, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.105347, "energy": 63.800056, "activity_lines": [ 39.258642, 39.205167, 38.944979, 38.662727 ] }, { "date": "2025-11-14", "close": 39.167769, "volume": 1646682, "typical_volume": 1727375.05, "trend": 38.353699, "fair_value": 36.008914, "relative_strength": -6.954825, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.804244, "energy": 57.402571, "activity_lines": [ 39.225911, 39.207559, 38.992937, 38.719011 ] }, { "date": "2025-11-21", "close": 39.361669, "volume": 1454347, "typical_volume": 1755230.7, "trend": 38.409711, "fair_value": 36.04625, "relative_strength": -4.586643, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.355072, "energy": 56.980365, "activity_lines": [ 39.258911, 39.241733, 39.053624, 38.784041 ] }, { "date": "2025-11-28", "close": 39.458619, "volume": 1274337, "typical_volume": 1752375.1, "trend": 38.470204, "fair_value": 36.080674, "relative_strength": -7.628167, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.399242, "energy": 60.843165, "activity_lines": [ 39.323987, 39.288986, 39.116736, 38.851713 ] }, { "date": "2025-12-05", "close": 39.282509, "volume": 1807571, "typical_volume": 1785222.4, "trend": 38.527979, "fair_value": 36.114182, "relative_strength": -8.212278, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.153969, "energy": 55.902232, "activity_lines": [ 39.325587, 39.297033, 39.155397, 38.90412 ] }, { "date": "2025-12-12", "close": 39.233832, "volume": 2852071, "typical_volume": 1836825.85, "trend": 38.586968, "fair_value": 36.1454, "relative_strength": -7.677906, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.206538, "energy": 52.339868, "activity_lines": [ 39.304411, 39.290323, 39.182536, 38.949659 ] }, { "date": "2025-12-19", "close": 39.413471, "volume": 1761782, "typical_volume": 1779112.9, "trend": 38.657619, "fair_value": 36.18083, "relative_strength": -7.228885, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.309961, "energy": 54.830202, "activity_lines": [ 39.341941, 39.313969, 39.220993, 39.002981 ] }, { "date": "2025-12-26", "close": 39.472253, "volume": 1321083, "typical_volume": 1752262.6, "trend": 38.721088, "fair_value": 36.218252, "relative_strength": -8.259018, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.211275, "energy": 52.861775, "activity_lines": [ 39.382685, 39.344134, 39.259929, 39.055538 ] }, { "date": "2026-01-02", "close": 39.433065, "volume": 1449322, "typical_volume": 1729593.0, "trend": 38.786235, "fair_value": 36.251653, "relative_strength": -7.253395, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.910206, "energy": 50.741399, "activity_lines": [ 39.402995, 39.365098, 39.28978, 39.101472 ] }, { "date": "2026-01-09", "close": 39.540833, "volume": 2122601, "typical_volume": 1778732.7, "trend": 38.84706, "fair_value": 36.283538, "relative_strength": -8.280864, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.823399, "energy": 57.664332, "activity_lines": [ 39.460931, 39.404819, 39.324547, 39.150156 ] }, { "date": "2026-01-16", "close": 39.442862, "volume": 1712152, "typical_volume": 1787661.15, "trend": 38.903038, "fair_value": 36.314902, "relative_strength": -8.04417, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.677991, "energy": 52.64302, "activity_lines": [ 39.468988, 39.420244, 39.345078, 39.188595 ] }, { "date": "2026-01-23", "close": 39.452659, "volume": 1581015, "typical_volume": 1810283.95, "trend": 38.952695, "fair_value": 36.346006, "relative_strength": -7.58753, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.997241, "energy": 48.148699, "activity_lines": [ 39.466375, 39.433329, 39.362698, 39.224054 ] }, { "date": "2026-01-30", "close": 39.48205, "volume": 2184772, "typical_volume": 1837868.35, "trend": 39.004367, "fair_value": 36.375634, "relative_strength": -7.74198, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.55911, "energy": 48.411609, "activity_lines": [ 39.470947, 39.446579, 39.380851, 39.258206 ] }, { "date": "2026-02-06", "close": 39.634223, "volume": 1998160, "typical_volume": 1851009.75, "trend": 39.063973, "fair_value": 36.408832, "relative_strength": -7.060752, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.258213, "energy": 52.69915, "activity_lines": [ 39.52559, 39.485307, 39.411732, 39.298842 ] }, { "date": "2026-02-13", "close": 39.919503, "volume": 1751737, "typical_volume": 1865220.5, "trend": 39.133406, "fair_value": 36.445047, "relative_strength": -5.083767, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.741445, "energy": 72.416128, "activity_lines": [ 39.661916, 39.572712, 39.467064, 39.354038 ] }, { "date": "2026-02-20", "close": 39.889992, "volume": 1899952, "typical_volume": 1873412.15, "trend": 39.195816, "fair_value": 36.482695, "relative_strength": -6.06598, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.11055, "energy": 87.309455, "activity_lines": [ 39.76316, 39.64317, 39.515006, 39.40285 ] }, { "date": "2026-02-27", "close": 40.086736, "volume": 1601405, "typical_volume": 1839011.55, "trend": 39.254087, "fair_value": 36.521211, "relative_strength": -4.958819, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.1223, "energy": 94.375464, "activity_lines": [ 39.900177, 39.737469, 39.577956, 39.460329 ] }, { "date": "2026-03-06", "close": 39.690712, "volume": 2511485, "typical_volume": 1863435.2, "trend": 39.298839, "fair_value": 36.554746, "relative_strength": -3.785789, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.526159, "energy": 78.306208, "activity_lines": [ 39.862914, 39.747523, 39.598893, 39.488498 ] }, { "date": "2026-03-13", "close": 39.325309, "volume": 2084215, "typical_volume": 1867054.05, "trend": 39.332687, "fair_value": 36.583877, "relative_strength": -2.974751, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.703558, "energy": 34.18262, "activity_lines": [ 39.689939, 39.687167, 39.583445, 39.490206 ] }, { "date": "2026-03-20", "close": 39.078415, "volume": 1777534, "typical_volume": 1824328.7, "trend": 39.351602, "fair_value": 36.610748, "relative_strength": -1.589846, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -0.260785, "energy": 12.805729, "activity_lines": [ 39.455261, 39.583881, 39.544777, 39.473801 ] }, { "date": "2026-03-27", "close": 38.969781, "volume": 3186524, "typical_volume": 1898937.35, "trend": 39.362748, "fair_value": 36.637925, "relative_strength": 0.604684, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.701399, "energy": 43.656185, "activity_lines": [ 39.240443, 39.469251, 39.496267, 39.449167 ] }, { "date": "2026-04-03", "close": 39.330758, "volume": 1699477, "typical_volume": 1901577.1, "trend": 39.374545, "fair_value": 36.665187, "relative_strength": -1.326183, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.195085, "energy": 37.403796, "activity_lines": [ 39.207299, 39.428855, 39.483309, 39.447104 ] }, { "date": "2026-04-10", "close": 39.420011, "volume": 2280855, "typical_volume": 1942902.5, "trend": 39.384829, "fair_value": 36.69509, "relative_strength": -4.166166, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.074359, "energy": 31.75226, "activity_lines": [ 39.254305, 39.406903, 39.478076, 39.450037 ] }, { "date": "2026-04-17", "close": 39.648102, "volume": 1301100, "typical_volume": 1944240.65, "trend": 39.404319, "fair_value": 36.727272, "relative_strength": -7.302847, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 1.791027, "energy": 10.221687, "activity_lines": [ 39.395387, 39.42755, 39.494287, 39.467022 ] }, { "date": "2026-04-24", "close": 39.5886, "volume": 1567143, "typical_volume": 1932219.25, "trend": 39.425352, "fair_value": 36.757166, "relative_strength": -7.528166, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.212575, "energy": 20.630358, "activity_lines": [ 39.495116, 39.437126, 39.50393, 39.478911 ] }, { "date": "2026-05-01", "close": 39.280978, "volume": 1597061, "typical_volume": 1869468.75, "trend": 39.431151, "fair_value": 36.784759, "relative_strength": -8.730078, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.625449, "energy": 8.019521, "activity_lines": [ 39.458292, 39.396787, 39.482817, 39.469597 ] }, { "date": "2026-05-08", "close": 39.290895, "volume": 2311249, "typical_volume": 1896942.1, "trend": 39.434706, "fair_value": 36.812962, "relative_strength": -10.402501, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.551447, "energy": 5.09383, "activity_lines": [ 39.404027, 39.369324, 39.462425, 39.460548 ] }, { "date": "2026-05-15", "close": 38.85455, "volume": 1516985, "typical_volume": 1906737.2, "trend": 39.417922, "fair_value": 36.840992, "relative_strength": -11.261608, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.584796, "energy": 42.391703, "activity_lines": [ 39.206971, 39.276996, 39.401059, 39.423119 ] }, { "date": "2026-05-22", "close": 38.98347, "volume": 2449706, "typical_volume": 1956756.4, "trend": 39.404471, "fair_value": 36.870669, "relative_strength": -11.369821, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.23379, "energy": 62.00068, "activity_lines": [ 39.090586, 39.22331, 39.354914, 39.39509 ] }, { "date": "2026-05-29", "close": 39.251227, "volume": 1378011, "typical_volume": 1919526.9, "trend": 39.406703, "fair_value": 36.900894, "relative_strength": -11.677441, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.930785, "energy": 55.349065, "activity_lines": [ 39.107762, 39.224523, 39.336409, 39.385203 ] }, { "date": "2026-06-05", "close": 38.965802, "volume": 2359775, "typical_volume": 1951908.05, "trend": 39.398355, "fair_value": 36.92896, "relative_strength": -9.76089, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.714421, "energy": 62.033475, "activity_lines": [ 39.052288, 39.170699, 39.292101, 39.356758 ] }, { "date": "2026-06-12", "close": 39.224711, "volume": 2944106, "typical_volume": 2020062.6, "trend": 39.400253, "fair_value": 36.958412, "relative_strength": -9.347527, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.572275, "energy": 36.162633, "activity_lines": [ 39.104129, 39.164021, 39.274722, 39.345555 ] }, { "date": "2026-06-19", "close": 39.194837, "volume": 1560566, "typical_volume": 1988852.3, "trend": 39.394692, "fair_value": 36.987013, "relative_strength": -9.902268, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.980702, "energy": 25.955264, "activity_lines": [ 39.150424, 39.153839, 39.255583, 39.332302 ] }, { "date": "2026-06-26", "close": 39.354166, "volume": 3704278, "typical_volume": 2074158.2, "trend": 39.39121, "fair_value": 37.016746, "relative_strength": -7.074578, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.027858, "energy": 16.902786, "activity_lines": [ 39.227143, 39.176721, 39.252987, 39.329688 ] }, { "date": "2026-07-03", "close": 39.162359, "volume": 1772900, "typical_volume": 2075216.35, "trend": 39.387205, "fair_value": 37.047482, "relative_strength": -9.225177, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.649037, "energy": 16.852806, "activity_lines": [ 39.215213, 39.170073, 39.233456, 39.314923 ] }, { "date": "2026-07-10", "close": 38.988127, "volume": 1880624, "typical_volume": 2074249.95, "trend": 39.379015, "fair_value": 37.074733, "relative_strength": -10.557948, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.283896, "energy": 23.256201, "activity_lines": [ 39.15113, 39.139496, 39.200938, 39.289176 ] }, { "date": "2026-07-17", "close": 38.983149, "volume": 1727697, "typical_volume": 2080564.55, "trend": 39.364671, "fair_value": 37.101731, "relative_strength": -8.908307, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.637822, "energy": 31.55493, "activity_lines": [ 39.0839, 39.113339, 39.17224, 39.263636 ] }, { "date": "2026-07-24", "close": 38.599839, "volume": 5299292, "typical_volume": 2219954.9, "trend": 39.335591, "fair_value": 37.12754, "relative_strength": -9.025811, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.06224, "energy": 64.328392, "activity_lines": [ 38.905004, 39.023084, 39.112292, 39.214292 ] }, { "date": "2026-07-31", "close": 38.589883, "volume": 3802289, "typical_volume": 2305858.6, "trend": 39.307485, "fair_value": 37.154688, "relative_strength": -9.712222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.647681, "energy": 74.427507, "activity_lines": [ 38.762455, 38.93565, 39.05659, 39.166182 ] }, { "date": "2026-08-07", "close": 38.83, "volume": 2047902, "typical_volume": 2319377.0, "trend": 39.28379, "fair_value": 37.184536, "relative_strength": -11.917349, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.300947, "energy": 69.063022, "activity_lines": [ 38.750898, 38.89903, 39.027258, 39.135377 ] } ], "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." } } }