{ "ticker": { "uuid": "0f862559-dde2-4526-b24d-d3367bb19aba", "symbol": "XCX6", "name": "Xtrackers MSCI China UCITS ETF 1C", "exchange": "LSE", "country": "GB", "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": "^FTSE", "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": -10.722, "architecture_energy": 20.378, "architecture_maturity": 100.0, "architecture_confidence": 55.416, "architecture_tenure": "Established", "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": 47.7, "rotation_up": 40.79, "upward_expansion": 23.98, "deceleration": 41.32, "rotation_down": 17.33, "downward_expansion": 55.65 }, "activity_lines": [ 1368.85, 1346.504545, 1358.482143, 1376.689247 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 1402.0, "trend_reference": 1409.45, "distance_from_trend": -0.005286, "trend_direction": "Weakening", "fair_value": 1262.342725, "distance_from_fair_value": 0.110633, "fair_value_direction": "Weakening", "relative_strength": -12.72657, "relative_strength_direction": "Weakening", "price_momentum": -0.067509, "excess_performance": -0.118744, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.005286, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.045411, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.110633, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.03791, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.127266, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.03791, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.067509, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.046803, "read": "Demand-led" } ], "volume": { "latest": 20318, "relative_activity": 0.298418, "balance": 1.046803, "dry_up": 1.444583, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.027212, "annualized_volatility": 0.170546, "from_high_reference": -0.338473, "from_low_reference": 0.112794 }, "levels": { "trend_reference": 1409.45, "fair_value_reference": 1262.342725, "structural_low": 1259.892, "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": 32, "median_return": -0.023412, "positive_rate": 0.4375, "directional_follow_through": 0.5625, "median_excess_return": -0.017239, "regime_survival": 0.875, "best_return": 0.148334, "worst_return": -0.096226, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.058621, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.058467, "regime_survival": 0.7, "best_return": 0.256327, "worst_return": -0.102056, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.024377, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.047846, "regime_survival": 0.4, "best_return": 0.102856, "worst_return": -0.180653, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.026469, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.088508, "regime_survival": 0.333333, "best_return": 0.181731, "worst_return": -0.16068, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-29", "end": "2024-04-26", "tenure": "Developing", "return": 0.073668, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": 0.056921, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": -0.028125, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-08-09", "tenure": "Developing", "return": -0.051077, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-16", "end": "2024-09-20", "tenure": "Developing", "return": -0.022381, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-04", "tenure": "New", "return": 0.132754, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": -0.050979, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-12-27", "tenure": "Developing", "return": 0.027443, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-04-04", "tenure": "Established", "return": 0.0287, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-07-18", "tenure": "Established", "return": 0.162887, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-11-14", "tenure": "Established", "return": 0.118741, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2026-01-23", "tenure": "Developing", "return": 0.009862, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": -0.03001, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-08-07", "tenure": "Established", "return": -0.064085, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1060.5, "volume": 197454, "typical_volume": 128120.7, "trend": 1183.175, "fair_value": 1437.347756, "relative_strength": -7.441397, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.927904, "energy": 25.333092, "activity_lines": [ 1118.85, 1118.063636, 1123.984524, 1144.445161 ] }, { "date": "2023-08-25", "close": 1077.75, "volume": 51685, "typical_volume": 129000.45, "trend": 1172.641667, "fair_value": 1433.266026, "relative_strength": -6.584902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.216071, "energy": 40.090841, "activity_lines": [ 1101.683333, 1110.963636, 1118.211905, 1137.643548 ] }, { "date": "2023-09-01", "close": 1132.5, "volume": 255019, "typical_volume": 140184.9, "trend": 1165.308333, "fair_value": 1429.926282, "relative_strength": -3.209949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.741478, "energy": 41.506466, "activity_lines": [ 1104.25, 1115.204545, 1118.355952, 1135.053763 ] }, { "date": "2023-09-08", "close": 1092.75, "volume": 209992, "typical_volume": 150073.15, "trend": 1157.858333, "fair_value": 1426.048077, "relative_strength": -6.471087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.798159, "energy": 47.788897, "activity_lines": [ 1097.566667, 1111.236364, 1115.063095, 1130.372581 ] }, { "date": "2023-09-15", "close": 1106.5, "volume": 72004, "typical_volume": 148369.35, "trend": 1151.85, "fair_value": 1422.221154, "relative_strength": -7.859867, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.77825, "energy": 31.62732, "activity_lines": [ 1101.133333, 1109.840909, 1113.530952, 1127.05914 ] }, { "date": "2023-09-22", "close": 1116.5, "volume": 111859, "typical_volume": 153677.05, "trend": 1148.083333, "fair_value": 1418.722756, "relative_strength": -6.377858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.863912, "energy": 20.961034, "activity_lines": [ 1108.633333, 1109.859091, 1113.229762, 1124.778495 ] }, { "date": "2023-09-29", "close": 1103.25, "volume": 9113, "typical_volume": 134197.05, "trend": 1141.65, "fair_value": 1414.796474, "relative_strength": -6.274386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.853311, "energy": 20.543282, "activity_lines": [ 1107.983333, 1107.318182, 1111.87381, 1121.886022 ] }, { "date": "2023-10-06", "close": 1094.5, "volume": 20929, "typical_volume": 130486.95, "trend": 1138.166667, "fair_value": 1410.564103, "relative_strength": -5.341528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.94878, "energy": 24.626685, "activity_lines": [ 1102.716667, 1103.127273, 1109.869048, 1118.844086 ] }, { "date": "2023-10-13", "close": 1103.0, "volume": 70697, "typical_volume": 100019.05, "trend": 1135.408333, "fair_value": 1406.149038, "relative_strength": -5.752237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.028259, "energy": 19.686991, "activity_lines": [ 1102.816667, 1102.263636, 1108.897619, 1116.575269 ] }, { "date": "2023-10-20", "close": 1048.25, "volume": 40768, "typical_volume": 97619.0, "trend": 1129.575, "fair_value": 1401.491987, "relative_strength": -7.892497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.072193, "energy": 49.652051, "activity_lines": [ 1083.983333, 1092.804545, 1102.777381, 1110.952151 ] }, { "date": "2023-10-27", "close": 1074.0, "volume": 41952, "typical_volume": 99015.8, "trend": 1123.875, "fair_value": 1396.932692, "relative_strength": -4.355588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.562846, "energy": 53.568273, "activity_lines": [ 1077.616667, 1089.25, 1099.486905, 1107.366667 ] }, { "date": "2023-11-03", "close": 1087.25, "volume": 21688, "typical_volume": 94841.8, "trend": 1119.275, "fair_value": 1391.998397, "relative_strength": -4.813953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.103797, "energy": 46.752607, "activity_lines": [ 1078.5, 1087.859091, 1097.715476, 1105.003763 ] }, { "date": "2023-11-10", "close": 1075.0, "volume": 17310, "typical_volume": 93412.75, "trend": 1114.916667, "fair_value": 1387.301282, "relative_strength": -5.098874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.047245, "energy": 50.547727, "activity_lines": [ 1076.366667, 1084.068182, 1095.095238, 1102.147312 ] }, { "date": "2023-11-17", "close": 1078.75, "volume": 142635, "typical_volume": 90691.05, "trend": 1111.291667, "fair_value": 1382.586538, "relative_strength": -6.495189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.779369, "energy": 30.498399, "activity_lines": [ 1076.783333, 1082.004545, 1092.84881, 1099.813978 ] }, { "date": "2023-11-24", "close": 1074.25, "volume": 50485, "typical_volume": 92923.9, "trend": 1108.266667, "fair_value": 1377.706731, "relative_strength": -6.692896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.835399, "energy": 28.927504, "activity_lines": [ 1077.316667, 1079.377273, 1090.259524, 1097.424194 ] }, { "date": "2023-12-01", "close": 1034.5, "volume": 3252687, "typical_volume": 254156.1, "trend": 1104.083333, "fair_value": 1372.939103, "relative_strength": -10.424292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.388705, "energy": 50.253398, "activity_lines": [ 1062.866667, 1070.109091, 1083.932143, 1092.665054 ] }, { "date": "2023-12-08", "close": 1004.0, "volume": 98750, "typical_volume": 245931.65, "trend": 1099.483333, "fair_value": 1367.9375, "relative_strength": -13.02687, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.873886, "energy": 74.767308, "activity_lines": [ 1040.883333, 1056.786364, 1075.05119, 1086.208065 ] }, { "date": "2023-12-15", "close": 1017.0, "volume": 94225, "typical_volume": 243667.9, "trend": 1095.333333, "fair_value": 1363.060897, "relative_strength": -11.815885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.527633, "energy": 77.830805, "activity_lines": [ 1028.783333, 1047.631818, 1067.865476, 1080.886559 ] }, { "date": "2023-12-22", "close": 971.75, "volume": 124277, "typical_volume": 247977.05, "trend": 1090.5, "fair_value": 1358.198718, "relative_strength": -16.693904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.205269, "energy": 89.745712, "activity_lines": [ 1005.466667, 1031.659091, 1057.205952, 1072.913441 ] }, { "date": "2023-12-29", "close": 1013.5, "volume": 87641, "typical_volume": 248558.5, "trend": 1086.7, "fair_value": 1353.209936, "relative_strength": -13.15219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.033135, "energy": 79.906502, "activity_lines": [ 1003.2, 1025.663636, 1051.503571, 1067.945699 ] }, { "date": "2024-01-05", "close": 990.125, "volume": 9000, "typical_volume": 239135.8, "trend": 1082.104167, "fair_value": 1347.604968, "relative_strength": -14.190409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.345055, "energy": 77.03135, "activity_lines": [ 997.191667, 1016.05, 1044.060714, 1061.715054 ] }, { "date": "2024-01-12", "close": 973.875, "volume": 35590, "typical_volume": 238331.05, "trend": 1076.1, "fair_value": 1341.764423, "relative_strength": -14.391075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.513511, "energy": 76.077306, "activity_lines": [ 988.725, 1005.006818, 1035.405357, 1054.732527 ] }, { "date": "2024-01-19", "close": 915.25, "volume": 71755, "typical_volume": 229167.85, "trend": 1070.658333, "fair_value": 1334.903846, "relative_strength": -17.238401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.170644, "energy": 85.53429, "activity_lines": [ 962.725, 985.365909, 1021.66131, 1044.355108 ] }, { "date": "2024-01-26", "close": 958.25, "volume": 259845, "typical_volume": 231660.5, "trend": 1066.041667, "fair_value": 1328.753205, "relative_strength": -14.718398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.147552, "energy": 74.321626, "activity_lines": [ 957.841667, 976.447727, 1013.047024, 1037.102957 ] }, { "date": "2024-02-02", "close": 907.0, "volume": 26904, "typical_volume": 229405.5, "trend": 1060.133333, "fair_value": 1321.685897, "relative_strength": -18.517394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.201742, "energy": 87.256828, "activity_lines": [ 936.775, 960.402273, 1000.192262, 1026.842204 ] }, { "date": "2024-02-09", "close": 940.625, "volume": 162797, "typical_volume": 231952.4, "trend": 1054.545833, "fair_value": 1314.306891, "relative_strength": -14.536972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.260486, "energy": 71.417074, "activity_lines": [ 934.016667, 953.511364, 991.489881, 1019.131989 ] }, { "date": "2024-02-16", "close": 985.5, "volume": 169883, "typical_volume": 239990.9, "trend": 1050.729167, "fair_value": 1307.470353, "relative_strength": -11.689664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.526015, "energy": 51.415664, "activity_lines": [ 949.516667, 956.486364, 987.89881, 1014.677419 ] }, { "date": "2024-02-23", "close": 1002.5, "volume": 118707, "typical_volume": 244879.8, "trend": 1044.395833, "fair_value": 1301.904647, "relative_strength": -9.792074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.79955, "energy": 35.151758, "activity_lines": [ 969.908333, 962.888636, 986.4875, 1011.56586 ] }, { "date": "2024-03-01", "close": 998.5, "volume": 70770, "typical_volume": 244883.45, "trend": 1038.420833, "fair_value": 1296.78125, "relative_strength": -9.47361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.562381, "energy": 24.699188, "activity_lines": [ 983.15, 968.827273, 985.133333, 1008.604839 ] }, { "date": "2024-03-08", "close": 961.625, "volume": 68292, "typical_volume": 246259.65, "trend": 1033.291667, "fair_value": 1291.384615, "relative_strength": -12.213949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.199072, "energy": 27.129726, "activity_lines": [ 981.416667, 967.575, 980.764881, 1003.650269 ] }, { "date": "2024-03-15", "close": 1004.75, "volume": 167979, "typical_volume": 252561.0, "trend": 1031.433333, "fair_value": 1286.184295, "relative_strength": -8.692406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.651406, "energy": 20.951297, "activity_lines": [ 990.416667, 975.106818, 980.916071, 1001.808871 ] }, { "date": "2024-03-22", "close": 999.625, "volume": 58178, "typical_volume": 254385.5, "trend": 1028.829167, "fair_value": 1281.513622, "relative_strength": -11.018749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.129263, "energy": 14.359336, "activity_lines": [ 993.433333, 981.440909, 980.908929, 999.75672 ] }, { "date": "2024-03-29", "close": 1004.5, "volume": 50195, "typical_volume": 256029.75, "trend": 1024.5625, "fair_value": 1276.439904, "relative_strength": -10.380748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.840869, "energy": 10.788993, "activity_lines": [ 997.133333, 988.193182, 981.783333, 998.187097 ] }, { "date": "2024-04-05", "close": 1008.5, "volume": 63446, "typical_volume": 252070.3, "trend": 1021.754167, "fair_value": 1271.59375, "relative_strength": -9.171431, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.177548, "energy": 13.495526, "activity_lines": [ 1002.033333, 994.05, 983.374405, 997.150806 ] }, { "date": "2024-04-12", "close": 1012.25, "volume": 23731, "typical_volume": 250732.6, "trend": 1018.6125, "fair_value": 1266.699519, "relative_strength": -9.466422, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.006703, "energy": 13.222234, "activity_lines": [ 1007.516667, 999.675, 985.657143, 996.537634 ] }, { "date": "2024-04-19", "close": 1011.25, "volume": 64286, "typical_volume": 91312.55, "trend": 1015.104167, "fair_value": 1261.611378, "relative_strength": -8.136211, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.247106, "energy": 18.395725, "activity_lines": [ 1009.291667, 1003.204545, 988.139881, 996.062634 ] }, { "date": "2024-04-26", "close": 1078.5, "volume": 51181, "typical_volume": 88934.1, "trend": 1014.279167, "fair_value": 1257.153045, "relative_strength": -4.758826, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 47.208831, "energy": 57.124776, "activity_lines": [ 1033.05, 1017.677273, 997.138095, 1000.152688 ] }, { "date": "2024-05-03", "close": 1128.75, "volume": 58939, "typical_volume": 87169.8, "trend": 1015.420833, "fair_value": 1253.27484, "relative_strength": -1.055634, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 65.8485, "energy": 78.1748, "activity_lines": [ 1068.3, 1039.595455, 1010.567262, 1007.537903 ] }, { "date": "2024-05-10", "close": 1149.0, "volume": 151935, "typical_volume": 88552.7, "trend": 1016.954167, "fair_value": 1250.026442, "relative_strength": -1.761423, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 65.821046, "energy": 86.833343, "activity_lines": [ 1102.016667, 1062.9, 1025.392857, 1016.155914 ] }, { "date": "2024-05-17", "close": 1193.0, "volume": 169018, "typical_volume": 92621.55, "trend": 1021.779167, "fair_value": 1246.941506, "relative_strength": 2.24174, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 94.774764, "energy": 97.921103, "activity_lines": [ 1141.033333, 1091.468182, 1043.564881, 1027.51371 ] }, { "date": "2024-05-24", "close": 1120.0, "volume": 74910, "typical_volume": 95917.05, "trend": 1023.3125, "fair_value": 1243.077724, "relative_strength": -2.670419, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.269908, "energy": 88.336757, "activity_lines": [ 1143.666667, 1102.556818, 1053.929762, 1033.850538 ] }, { "date": "2024-05-31", "close": 1087.5, "volume": 71059, "typical_volume": 97690.5, "trend": 1023.320833, "fair_value": 1238.877404, "relative_strength": -4.790471, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.970103, "energy": 83.222343, "activity_lines": [ 1128.216667, 1105.640909, 1060.580952, 1037.991667 ] }, { "date": "2024-06-07", "close": 1096.5, "volume": 42868, "typical_volume": 96246.15, "trend": 1024.0375, "fair_value": 1234.862981, "relative_strength": -3.435623, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.491384, "energy": 57.29145, "activity_lines": [ 1115.166667, 1108.763636, 1067.548214, 1042.712903 ] }, { "date": "2024-06-14", "close": 1088.5, "volume": 31492, "typical_volume": 84828.5, "trend": 1024.3625, "fair_value": 1230.670673, "relative_strength": -2.745054, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.319809, "energy": 36.714162, "activity_lines": [ 1101.6, 1108.759091, 1072.890476, 1046.871774 ] }, { "date": "2024-06-21", "close": 1091.5, "volume": 59739, "typical_volume": 86470.25, "trend": 1024.9375, "fair_value": 1226.228365, "relative_strength": -3.389221, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.945276, "energy": 28.652437, "activity_lines": [ 1093.066667, 1107.845455, 1077.898214, 1051.203226 ] }, { "date": "2024-06-28", "close": 1071.0, "volume": 396263, "typical_volume": 98143.55, "trend": 1026.154167, "fair_value": 1221.888622, "relative_strength": -4.155088, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.899647, "energy": 26.304931, "activity_lines": [ 1084.466667, 1101.763636, 1080.075, 1054.175 ] }, { "date": "2024-07-05", "close": 1063.0, "volume": 51254, "typical_volume": 92212.1, "trend": 1028.120833, "fair_value": 1217.951122, "relative_strength": -5.067934, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.504244, "energy": 25.191783, "activity_lines": [ 1076.466667, 1093.140909, 1080.869048, 1056.552151 ] }, { "date": "2024-07-12", "close": 1084.75, "volume": 10708, "typical_volume": 86812.15, "trend": 1030.379167, "fair_value": 1214.018429, "relative_strength": -3.460933, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.187154, "energy": 21.259727, "activity_lines": [ 1077.35, 1088.754545, 1083.365476, 1060.205645 ] }, { "date": "2024-07-19", "close": 1041.5, "volume": 183024, "typical_volume": 92424.85, "trend": 1032.704167, "fair_value": 1210.276442, "relative_strength": -5.99514, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.078291, "energy": 13.48692, "activity_lines": [ 1064.6, 1077.304545, 1081.35119, 1060.923118 ] }, { "date": "2024-07-26", "close": 1023.5, "volume": 21422, "typical_volume": 90081.35, "trend": 1033.0375, "fair_value": 1207.008814, "relative_strength": -8.662458, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.297164, "energy": 23.336631, "activity_lines": [ 1048.983333, 1064.536364, 1077.417857, 1060.329301 ] }, { "date": "2024-08-02", "close": 1014.5, "volume": 34508, "typical_volume": 83407.8, "trend": 1033.85, "fair_value": 1203.749199, "relative_strength": -7.82219, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -16.354459, "energy": 35.240432, "activity_lines": [ 1034.9, 1053.213636, 1072.332738, 1059.133333 ] }, { "date": "2024-08-09", "close": 1035.75, "volume": 41778, "typical_volume": 82587.8, "trend": 1035.9125, "fair_value": 1200.513622, "relative_strength": -5.525899, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.501226, "energy": 46.666152, "activity_lines": [ 1031.666667, 1047.672727, 1069.225, 1059.255914 ] }, { "date": "2024-08-16", "close": 1050.0, "volume": 75067, "typical_volume": 83831.4, "trend": 1040.404167, "fair_value": 1197.898237, "relative_strength": -5.611057, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.317503, "energy": 46.068569, "activity_lines": [ 1035.0, 1045.663636, 1067.302381, 1060.164785 ] }, { "date": "2024-08-23", "close": 1028.0, "volume": 10580, "typical_volume": 81188.1, "trend": 1042.729167, "fair_value": 1194.882212, "relative_strength": -7.459327, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.675891, "energy": 40.27312, "activity_lines": [ 1033.316667, 1040.5, 1063.067857, 1059.364516 ] }, { "date": "2024-08-30", "close": 1014.75, "volume": 12809, "typical_volume": 80642.0, "trend": 1046.320833, "fair_value": 1191.454327, "relative_strength": -8.782154, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.623808, "energy": 33.952085, "activity_lines": [ 1028.116667, 1034.027273, 1057.478571, 1057.559409 ] }, { "date": "2024-09-06", "close": 988.875, "volume": 24294, "typical_volume": 78642.4, "trend": 1047.929167, "fair_value": 1187.798077, "relative_strength": -8.654263, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.37748, "energy": 55.291555, "activity_lines": [ 1014.875, 1024.245455, 1049.413095, 1053.853226 ] }, { "date": "2024-09-13", "close": 994.625, "volume": 13179, "typical_volume": 76742.3, "trend": 1048.233333, "fair_value": 1184.598558, "relative_strength": -8.832114, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.882817, "energy": 65.40831, "activity_lines": [ 1005.258333, 1017.002273, 1042.001786, 1050.414247 ] }, { "date": "2024-09-20", "close": 1026.5, "volume": 41125, "typical_volume": 75851.6, "trend": 1049.033333, "fair_value": 1181.842147, "relative_strength": -5.133022, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.801326, "energy": 63.475996, "activity_lines": [ 1009.008333, 1016.797727, 1038.025595, 1049.012097 ] }, { "date": "2024-09-27", "close": 1209.0, "volume": 494683, "typical_volume": 92989.0, "trend": 1056.05, "fair_value": 1180.16266, "relative_strength": 10.509304, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.626159, "energy": 27.002034, "activity_lines": [ 1075.158333, 1050.834091, 1051.917262, 1059.332527 ] }, { "date": "2024-10-04", "close": 1369.5, "volume": 751522, "typical_volume": 122114.2, "trend": 1069.645833, "fair_value": 1179.229968, "relative_strength": 25.432647, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 87.448802, "energy": 79.95706, "activity_lines": [ 1182.741667, 1111.006818, 1080.808929, 1079.555108 ] }, { "date": "2024-10-11", "close": 1289.75, "volume": 2684418, "typical_volume": 252589.6, "trend": 1079.145833, "fair_value": 1177.678686, "relative_strength": 18.321356, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.837348, "energy": 82.728374, "activity_lines": [ 1240.091667, 1150.388636, 1101.264881, 1093.755376 ] }, { "date": "2024-10-18", "close": 1238.75, "volume": 161394, "typical_volume": 257106.35, "trend": 1087.116667, "fair_value": 1175.512019, "relative_strength": 12.112857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.528904, "energy": 81.700947, "activity_lines": [ 1260.383333, 1175.493182, 1116.055357, 1104.052419 ] }, { "date": "2024-10-25", "close": 1232.0, "volume": 56153, "typical_volume": 257770.6, "trend": 1094.7, "fair_value": 1173.689904, "relative_strength": 12.948313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.624991, "energy": 83.133418, "activity_lines": [ 1262.15, 1195.679545, 1129.482738, 1113.399731 ] }, { "date": "2024-11-01", "close": 1227.75, "volume": 84075, "typical_volume": 260399.75, "trend": 1102.008333, "fair_value": 1171.935096, "relative_strength": 13.485355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.206386, "energy": 55.229008, "activity_lines": [ 1248.8, 1211.784091, 1141.860119, 1121.983602 ] }, { "date": "2024-11-08", "close": 1224.0, "volume": 254772, "typical_volume": 270151.4, "trend": 1109.066667, "fair_value": 1169.675481, "relative_strength": 14.514679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.293889, "energy": 44.366697, "activity_lines": [ 1232.95, 1223.575, 1153.217262, 1129.854032 ] }, { "date": "2024-11-15", "close": 1202.5, "volume": 1265731, "typical_volume": 313624.8, "trend": 1115.441667, "fair_value": 1167.571314, "relative_strength": 12.538092, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.645759, "energy": 32.930742, "activity_lines": [ 1219.633333, 1227.652273, 1161.895833, 1135.881989 ] }, { "date": "2024-11-22", "close": 1187.5, "volume": 88030, "typical_volume": 315463.6, "trend": 1119.075, "fair_value": 1165.742788, "relative_strength": 8.460012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.212671, "energy": 26.435409, "activity_lines": [ 1207.133333, 1225.118182, 1168.519643, 1140.530914 ] }, { "date": "2024-11-29", "close": 1189.5, "volume": 150524, "typical_volume": 322454.4, "trend": 1121.1, "fair_value": 1164.167468, "relative_strength": 8.215924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.684367, "energy": 22.0634, "activity_lines": [ 1198.716667, 1219.440909, 1174.741071, 1145.074462 ] }, { "date": "2024-12-06", "close": 1204.5, "volume": 108540, "typical_volume": 318730.2, "trend": 1122.95, "fair_value": 1162.356571, "relative_strength": 9.108712, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.949581, "energy": 19.405352, "activity_lines": [ 1198.133333, 1213.527273, 1181.892262, 1150.455108 ] }, { "date": "2024-12-13", "close": 1219.5, "volume": 168648, "typical_volume": 326091.5, "trend": 1123.833333, "fair_value": 1161.095353, "relative_strength": 10.375214, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.95525, "energy": 20.027554, "activity_lines": [ 1204.1, 1210.422727, 1189.695833, 1156.68414 ] }, { "date": "2024-12-20", "close": 1229.0, "volume": 155720, "typical_volume": 332152.1, "trend": 1127.466667, "fair_value": 1160.015224, "relative_strength": 13.779146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.976513, "energy": 26.748378, "activity_lines": [ 1213.533333, 1211.772727, 1197.470833, 1163.469086 ] }, { "date": "2024-12-27", "close": 1235.5, "volume": 33221, "typical_volume": 331724.25, "trend": 1132.4, "fair_value": 1158.890224, "relative_strength": 13.131369, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.592376, "energy": 32.920205, "activity_lines": [ 1223.366667, 1215.409091, 1204.843452, 1170.438978 ] }, { "date": "2025-01-03", "close": 1219.5, "volume": 36026, "typical_volume": 329772.2, "trend": 1136.5, "fair_value": 1157.898237, "relative_strength": 10.349607, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.201628, "energy": 42.520005, "activity_lines": [ 1224.666667, 1216.195455, 1209.741071, 1176.058333 ] }, { "date": "2025-01-10", "close": 1177.5, "volume": 103701, "typical_volume": 334428.25, "trend": 1139.466667, "fair_value": 1156.492788, "relative_strength": 6.00464, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.748967, "energy": 31.964723, "activity_lines": [ 1209.966667, 1209.572727, 1209.831548, 1178.703495 ] }, { "date": "2025-01-17", "close": 1240.25, "volume": 450195, "typical_volume": 356297.55, "trend": 1144.425, "fair_value": 1155.28766, "relative_strength": 7.926795, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.25305, "energy": 47.018279, "activity_lines": [ 1217.983333, 1215.272727, 1215.18631, 1185.205645 ] }, { "date": "2025-01-24", "close": 1235.5, "volume": 90618, "typical_volume": 359613.75, "trend": 1149.908333, "fair_value": 1154.641827, "relative_strength": 7.246523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.030546, "energy": 36.060806, "activity_lines": [ 1223.033333, 1219.813636, 1219.014881, 1191.081452 ] }, { "date": "2025-01-31", "close": 1286.25, "volume": 93568, "typical_volume": 363633.2, "trend": 1157.35, "fair_value": 1154.007212, "relative_strength": 8.99147, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.874396, "energy": 54.440832, "activity_lines": [ 1244.566667, 1232.981818, 1226.502381, 1199.877688 ] }, { "date": "2025-02-07", "close": 1312.25, "volume": 168696, "typical_volume": 370011.75, "trend": 1164.933333, "fair_value": 1153.415865, "relative_strength": 10.440529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.125911, "energy": 78.644726, "activity_lines": [ 1271.383333, 1249.081818, 1235.077381, 1209.871237 ] }, { "date": "2025-02-14", "close": 1375.5, "volume": 162168, "typical_volume": 353386.0, "trend": 1176.066667, "fair_value": 1153.486378, "relative_strength": 14.858785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.04395, "energy": 90.545833, "activity_lines": [ 1313.1, 1274.45, 1248.315476, 1223.456183 ] }, { "date": "2025-02-21", "close": 1446.0, "volume": 168590, "typical_volume": 324239.4, "trend": 1190.15, "fair_value": 1154.306891, "relative_strength": 21.138273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.273511, "energy": 97.471236, "activity_lines": [ 1365.116667, 1309.527273, 1267.475, 1240.871237 ] }, { "date": "2025-02-28", "close": 1386.75, "volume": 150086, "typical_volume": 197522.8, "trend": 1202.558333, "fair_value": 1155.116186, "relative_strength": 13.757109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.653712, "energy": 88.727355, "activity_lines": [ 1383.666667, 1329.713636, 1280.627381, 1253.555108 ] }, { "date": "2025-03-07", "close": 1424.0, "volume": 132776, "typical_volume": 196091.9, "trend": 1215.5, "fair_value": 1156.893429, "relative_strength": 17.928399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.202356, "energy": 90.361995, "activity_lines": [ 1404.55, 1353.804545, 1296.865476, 1267.841667 ] }, { "date": "2025-03-14", "close": 1439.0, "volume": 203301, "typical_volume": 203449.3, "trend": 1228.466667, "fair_value": 1158.016827, "relative_strength": 19.223318, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.943256, "energy": 88.084299, "activity_lines": [ 1421.25, 1377.195455, 1313.65, 1282.261022 ] }, { "date": "2025-03-21", "close": 1409.0, "volume": 171298, "typical_volume": 207810.45, "trend": 1241.166667, "fair_value": 1159.310096, "relative_strength": 15.953392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.545123, "energy": 63.645878, "activity_lines": [ 1419.5, 1391.140909, 1326.591667, 1293.908333 ] }, { "date": "2025-03-28", "close": 1379.0, "volume": 98301, "typical_volume": 199986.9, "trend": 1253.308333, "fair_value": 1160.080929, "relative_strength": 12.817307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.403323, "energy": 55.705057, "activity_lines": [ 1405.516667, 1395.422727, 1335.813095, 1302.800806 ] }, { "date": "2025-04-04", "close": 1254.5, "volume": 124170, "typical_volume": 142908.85, "trend": 1262.1625, "fair_value": 1160.21234, "relative_strength": 9.903195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.317024, "energy": 22.83525, "activity_lines": [ 1354.5, 1374.545455, 1332.439286, 1302.877688 ] }, { "date": "2025-04-11", "close": 1212.5, "volume": 189317, "typical_volume": 147973.2, "trend": 1269.425, "fair_value": 1160.231571, "relative_strength": 7.062182, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.384779, "energy": 18.262308, "activity_lines": [ 1298.3, 1345.686364, 1324.817857, 1299.673656 ] }, { "date": "2025-04-18", "close": 1219.25, "volume": 465498, "typical_volume": 163721.9, "trend": 1275.85, "fair_value": 1160.661058, "relative_strength": 3.336807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.824049, "energy": 33.657985, "activity_lines": [ 1258.45, 1319.395455, 1317.720238, 1296.436559 ] }, { "date": "2025-04-25", "close": 1267.25, "volume": 42933, "typical_volume": 160441.55, "trend": 1277.791667, "fair_value": 1160.927083, "relative_strength": 5.366175, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.382271, "energy": 35.404872, "activity_lines": [ 1249.25, 1303.522727, 1315.052381, 1295.88172 ] }, { "date": "2025-05-02", "close": 1303.25, "volume": 85508, "typical_volume": 156284.55, "trend": 1275.583333, "fair_value": 1161.770032, "relative_strength": 5.874622, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.489343, "energy": 29.864724, "activity_lines": [ 1261.5, 1296.163636, 1315.514286, 1297.524194 ] }, { "date": "2025-05-09", "close": 1306.75, "volume": 70082, "typical_volume": 152002.65, "trend": 1276.15, "fair_value": 1162.53125, "relative_strength": 6.439142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.447037, "energy": 14.761554, "activity_lines": [ 1279.966667, 1292.036364, 1315.910714, 1299.534946 ] }, { "date": "2025-05-16", "close": 1334.75, "volume": 227715, "typical_volume": 161727.35, "trend": 1279.35, "fair_value": 1163.415865, "relative_strength": 6.922829, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.897958, "energy": 16.856722, "activity_lines": [ 1304.283333, 1294.454545, 1318.603571, 1303.315591 ] }, { "date": "2025-05-23", "close": 1318.5, "volume": 40714, "typical_volume": 161961.75, "trend": 1282.233333, "fair_value": 1164.21875, "relative_strength": 4.983496, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.908328, "energy": 21.66995, "activity_lines": [ 1315.033333, 1295.540909, 1319.27619, 1305.841398 ] }, { "date": "2025-05-30", "close": 1278.5, "volume": 12052, "typical_volume": 157379.3, "trend": 1283.925, "fair_value": 1164.487981, "relative_strength": 0.974149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.249918, "energy": 16.689306, "activity_lines": [ 1305.833333, 1291.545455, 1315.667857, 1305.600538 ] }, { "date": "2025-06-06", "close": 1315.0, "volume": 67043, "typical_volume": 138221.7, "trend": 1286.958333, "fair_value": 1164.500801, "relative_strength": 2.870494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.689247, "energy": 17.095962, "activity_lines": [ 1308.05, 1296.559091, 1315.054762, 1307.605376 ] }, { "date": "2025-06-13", "close": 1320.25, "volume": 17498, "typical_volume": 134565.7, "trend": 1290.883333, "fair_value": 1164.561699, "relative_strength": 2.920058, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.383253, "energy": 14.689291, "activity_lines": [ 1311.233333, 1303.690909, 1314.585714, 1309.753226 ] }, { "date": "2025-06-20", "close": 1309.0, "volume": 14955, "typical_volume": 130635.05, "trend": 1294.933333, "fair_value": 1164.169071, "relative_strength": 2.698453, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.659678, "energy": 11.205693, "activity_lines": [ 1309.766667, 1307.581818, 1312.641667, 1310.922043 ] }, { "date": "2025-06-27", "close": 1326.0, "volume": 236750, "typical_volume": 134037.75, "trend": 1299.483333, "fair_value": 1163.683494, "relative_strength": 3.478706, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.767282, "energy": 17.895668, "activity_lines": [ 1315.683333, 1312.809091, 1312.208333, 1312.926344 ] }, { "date": "2025-07-04", "close": 1317.25, "volume": 85256, "typical_volume": 130192.15, "trend": 1303.241667, "fair_value": 1163.103365, "relative_strength": 2.249902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.303557, "energy": 17.779661, "activity_lines": [ 1318.183333, 1314.504545, 1310.87619, 1314.072581 ] }, { "date": "2025-07-11", "close": 1342.25, "volume": 63018, "typical_volume": 124913.55, "trend": 1307.333333, "fair_value": 1163.324519, "relative_strength": 2.56076, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.321744, "energy": 33.325103, "activity_lines": [ 1326.433333, 1319.836364, 1312.202381, 1316.589247 ] }, { "date": "2025-07-18", "close": 1410.0, "volume": 69627, "typical_volume": 120890.6, "trend": 1313.366667, "fair_value": 1163.970353, "relative_strength": 6.718422, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.829652, "energy": 65.820378, "activity_lines": [ 1355.45, 1336.777273, 1320.475, 1323.212903 ] }, { "date": "2025-07-25", "close": 1438.0, "volume": 36897, "typical_volume": 116096.65, "trend": 1320.116667, "fair_value": 1165.210737, "relative_strength": 6.830361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.697015, "energy": 83.579052, "activity_lines": [ 1387.816667, 1356.931818, 1331.303571, 1331.253763 ] }, { "date": "2025-08-01", "close": 1398.5, "volume": 54773, "typical_volume": 108670.25, "trend": 1326.083333, "fair_value": 1166.167468, "relative_strength": 4.079829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.888873, "energy": 78.562547, "activity_lines": [ 1398.416667, 1368.027273, 1338.303571, 1336.310753 ] }, { "date": "2025-08-08", "close": 1419.0, "volume": 146994, "typical_volume": 107455.05, "trend": 1334.133333, "fair_value": 1167.273237, "relative_strength": 4.89326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.08847, "energy": 82.024545, "activity_lines": [ 1411.016667, 1381.395455, 1347.44881, 1342.305376 ] }, { "date": "2025-08-15", "close": 1443.0, "volume": 210338, "typical_volume": 113056.9, "trend": 1340.891667, "fair_value": 1168.510417, "relative_strength": 5.731616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.574433, "energy": 86.102399, "activity_lines": [ 1424.833333, 1396.572727, 1358.832143, 1349.329032 ] }, { "date": "2025-08-22", "close": 1493.0, "volume": 21777, "typical_volume": 107937.25, "trend": 1349.475, "fair_value": 1169.71875, "relative_strength": 6.748546, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.972747, "energy": 90.159487, "activity_lines": [ 1448.6, 1418.513636, 1374.672619, 1359.142473 ] }, { "date": "2025-08-29", "close": 1486.75, "volume": 60687, "typical_volume": 101505.75, "trend": 1356.158333, "fair_value": 1171.044071, "relative_strength": 7.293793, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.408647, "energy": 89.235878, "activity_lines": [ 1464.75, 1436.177273, 1388.782143, 1367.998925 ] }, { "date": "2025-09-05", "close": 1488.0, "volume": 75709, "typical_volume": 82016.3, "trend": 1362.016667, "fair_value": 1172.435096, "relative_strength": 6.586767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.706346, "energy": 88.242297, "activity_lines": [ 1478.066667, 1450.836364, 1401.704762, 1376.504839 ] }, { "date": "2025-09-12", "close": 1548.0, "volume": 67020, "typical_volume": 83220.65, "trend": 1367.766667, "fair_value": 1174.481571, "relative_strength": 9.342285, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.148652, "energy": 93.855531, "activity_lines": [ 1505.416667, 1473.459091, 1419.061905, 1388.503763 ] }, { "date": "2025-09-19", "close": 1580.5, "volume": 81703, "typical_volume": 83030.4, "trend": 1372.25, "fair_value": 1176.84375, "relative_strength": 11.785525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.242361, "energy": 94.909921, "activity_lines": [ 1535.0, 1497.795455, 1438.177381, 1402.228495 ] }, { "date": "2025-09-26", "close": 1576.25, "volume": 102387, "typical_volume": 84645.65, "trend": 1378.566667, "fair_value": 1179.425481, "relative_strength": 10.328823, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.003667, "energy": 91.421562, "activity_lines": [ 1554.0, 1517.027273, 1455.567857, 1415.389785 ] }, { "date": "2025-10-03", "close": 1628.0, "volume": 56617, "typical_volume": 76090.75, "trend": 1385.366667, "fair_value": 1182.295673, "relative_strength": 11.386373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.060339, "energy": 93.036407, "activity_lines": [ 1584.7, 1542.645455, 1476.603571, 1431.482258 ] }, { "date": "2025-10-10", "close": 1537.25, "volume": 127590, "typical_volume": 80434.55, "trend": 1388.641667, "fair_value": 1185.124199, "relative_strength": 5.79931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.281356, "energy": 66.190201, "activity_lines": [ 1575.733333, 1548.309091, 1487.6, 1441.281183 ] }, { "date": "2025-10-17", "close": 1548.25, "volume": 177897, "typical_volume": 88726.8, "trend": 1393.283333, "fair_value": 1188.146635, "relative_strength": 7.155445, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.585604, "energy": 61.889116, "activity_lines": [ 1567.15, 1553.45, 1498.602381, 1451.578495 ] }, { "date": "2025-10-24", "close": 2119.340088, "volume": 20212, "typical_volume": 86385.25, "trend": 1417.961336, "fair_value": 1195.680866, "relative_strength": 41.020246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.256301, "energy": 77.118723, "activity_lines": [ 1748.913363, 1660.075471, 1562.70977, 1498.420866 ] }, { "date": "2025-10-31", "close": 1595.5, "volume": 109797, "typical_volume": 91000.2, "trend": 1429.328003, "fair_value": 1198.97093, "relative_strength": 5.198332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.82969, "energy": 55.199033, "activity_lines": [ 1720.14069, 1659.160196, 1573.097437, 1509.874973 ] }, { "date": "2025-11-07", "close": 1577.75, "volume": 20312, "typical_volume": 91268.05, "trend": 1441.503003, "fair_value": 1202.006186, "relative_strength": 4.255408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.935945, "energy": 49.891121, "activity_lines": [ 1684.168018, 1653.154013, 1580.483912, 1519.450586 ] }, { "date": "2025-11-14", "close": 1608.75, "volume": 102113, "typical_volume": 84536.2, "trend": 1454.486336, "fair_value": 1205.123174, "relative_strength": 5.91236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.968133, "energy": 45.632593, "activity_lines": [ 1661.878678, 1651.129648, 1589.543007, 1530.240715 ] }, { "date": "2025-11-21", "close": 1521.0, "volume": 123029, "typical_volume": 86424.85, "trend": 1462.94467, "fair_value": 1208.02061, "relative_strength": 1.605149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.590807, "energy": 22.484834, "activity_lines": [ 1605.572673, 1630.955282, 1588.898531, 1534.531919 ] }, { "date": "2025-11-28", "close": 1548.25, "volume": 40384, "typical_volume": 85293.15, "trend": 1471.111336, "fair_value": 1210.369969, "relative_strength": 1.306329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.020086, "energy": 22.627321, "activity_lines": [ 1560.166667, 1616.226372, 1589.879054, 1540.035489 ] }, { "date": "2025-12-05", "close": 1545.25, "volume": 22114, "typical_volume": 82917.5, "trend": 1479.061336, "fair_value": 1212.467725, "relative_strength": 1.484924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.028778, "energy": 19.964879, "activity_lines": [ 1551.833333, 1601.53837, 1589.592911, 1544.818628 ] }, { "date": "2025-12-12", "close": 1514.5, "volume": 36002, "typical_volume": 82872.75, "trend": 1485.053003, "fair_value": 1214.429263, "relative_strength": -0.47101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.578071, "energy": 15.093569, "activity_lines": [ 1536.6, 1581.823096, 1585.734148, 1547.104994 ] }, { "date": "2025-12-19", "close": 1516.5, "volume": 52431, "typical_volume": 82755.65, "trend": 1491.653003, "fair_value": 1216.413238, "relative_strength": -2.855077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.80903, "energy": 13.423918, "activity_lines": [ 1526.25, 1564.535094, 1581.701576, 1549.133832 ] }, { "date": "2025-12-26", "close": 1500.75, "volume": 26631, "typical_volume": 76737.5, "trend": 1499.061336, "fair_value": 1218.196892, "relative_strength": -3.609149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.13319, "energy": 11.516375, "activity_lines": [ 1516.8, 1544.760729, 1575.6071, 1549.720735 ] }, { "date": "2026-01-02", "close": 1535.25, "volume": 44542, "typical_volume": 68447.7, "trend": 1506.403003, "fair_value": 1219.499776, "relative_strength": -2.26138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.047835, "energy": 12.11223, "activity_lines": [ 1520.2, 1532.122727, 1572.409052, 1552.055488 ] }, { "date": "2026-01-09", "close": 1540.75, "volume": 138646, "typical_volume": 74291.15, "trend": 1513.753003, "fair_value": 1220.701699, "relative_strength": -3.70271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.263725, "energy": 9.907583, "activity_lines": [ 1526.3, 1531.104545, 1569.295528, 1554.271423 ] }, { "date": "2026-01-16", "close": 1547.0, "volume": 100806, "typical_volume": 76297.1, "trend": 1521.686336, "fair_value": 1221.946892, "relative_strength": -4.419705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.985907, "energy": 10.773215, "activity_lines": [ 1534.783333, 1532.218182, 1566.54986, 1556.416391 ] }, { "date": "2026-01-23", "close": 1536.0, "volume": 66985, "typical_volume": 75860.9, "trend": 1528.686336, "fair_value": 1222.858751, "relative_strength": -4.310709, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.077621, "energy": 10.216775, "activity_lines": [ 1537.433333, 1531.890909, 1562.46967, 1557.339853 ] }, { "date": "2026-01-30", "close": 1524.5, "volume": 159040, "typical_volume": 80461.9, "trend": 1535.59467, "fair_value": 1223.961315, "relative_strength": -5.780725, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.308929, "energy": 18.238346, "activity_lines": [ 1534.95, 1530.795455, 1557.065669, 1557.069766 ] }, { "date": "2026-02-06", "close": 1503.5, "volume": 56984, "typical_volume": 79225.95, "trend": 1540.96967, "fair_value": 1225.161635, "relative_strength": -8.324542, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.590261, "energy": 34.912498, "activity_lines": [ 1523.883333, 1525.818182, 1549.773574, 1554.999143 ] }, { "date": "2026-02-13", "close": 1478.75, "volume": 19195, "typical_volume": 75066.35, "trend": 1543.261336, "fair_value": 1226.392404, "relative_strength": -10.320804, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.996206, "energy": 55.002851, "activity_lines": [ 1506.683333, 1517.154545, 1540.491002, 1550.98497 ] }, { "date": "2026-02-20", "close": 1498.0, "volume": 10288, "typical_volume": 72749.9, "trend": 1545.261336, "fair_value": 1228.113558, "relative_strength": -10.906757, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -34.627788, "energy": 57.987022, "activity_lines": [ 1500.033333, 1513.2, 1533.506049, 1548.064884 ] }, { "date": "2026-02-27", "close": 1467.75, "volume": 4207447, "typical_volume": 276742.75, "trend": 1547.56967, "fair_value": 1229.212917, "relative_strength": -14.255789, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.531151, "energy": 76.217076, "activity_lines": [ 1486.566667, 1504.045455, 1524.259191, 1543.064153 ] }, { "date": "2026-03-06", "close": 1404.0, "volume": 1260501, "typical_volume": 330872.95, "trend": 1547.06967, "fair_value": 1230.52702, "relative_strength": -12.694543, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.176831, "energy": 88.950741, "activity_lines": [ 1456.4, 1484.186364, 1509.271858, 1533.801593 ] }, { "date": "2026-03-13", "close": 1455.25, "volume": 56330, "typical_volume": 332678.85, "trend": 1547.478003, "fair_value": 1232.254584, "relative_strength": -9.021143, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.204952, "energy": 77.620755, "activity_lines": [ 1451.35, 1475.404545, 1499.852381, 1527.877744 ] }, { "date": "2026-03-20", "close": 1387.5, "volume": 85660, "typical_volume": 331472.0, "trend": 1543.961336, "fair_value": 1233.307469, "relative_strength": -10.001781, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.329582, "energy": 87.150218, "activity_lines": [ 1426.933333, 1455.759091, 1487.142857, 1517.556582 ] }, { "date": "2026-03-27", "close": 1376.75, "volume": 89712, "typical_volume": 334942.0, "trend": 1540.29467, "fair_value": 1234.15202, "relative_strength": -10.906033, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.205904, "energy": 87.445839, "activity_lines": [ 1405.016667, 1436.945455, 1474.4, 1506.768754 ] }, { "date": "2026-04-03", "close": 1401.5, "volume": 50695, "typical_volume": 332371.1, "trend": 1537.411336, "fair_value": 1235.281827, "relative_strength": -13.148206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.973508, "energy": 72.205071, "activity_lines": [ 1399.433333, 1425.727273, 1464.971429, 1497.814259 ] }, { "date": "2026-04-10", "close": 1418.75, "volume": 121483, "typical_volume": 332293.8, "trend": 1533.103003, "fair_value": 1236.647212, "relative_strength": -13.242489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.906445, "energy": 58.882023, "activity_lines": [ 1404.016667, 1420.090909, 1458.172619, 1490.158689 ] }, { "date": "2026-04-17", "close": 1464.25, "volume": 69965, "typical_volume": 333772.85, "trend": 1529.228003, "fair_value": 1238.421251, "relative_strength": -10.911536, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.002014, "energy": 44.756329, "activity_lines": [ 1422.783333, 1424.65, 1456.194048, 1485.71656 ] }, { "date": "2026-04-24", "close": 1424.25, "volume": 36905, "typical_volume": 334512.4, "trend": 1524.161336, "fair_value": 1240.08311, "relative_strength": -10.787723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.575498, "energy": 31.603189, "activity_lines": [ 1427.616667, 1422.65, 1450.805952, 1478.943786 ] }, { "date": "2026-05-01", "close": 1411.75, "volume": 15664, "typical_volume": 333495.5, "trend": 1516.953003, "fair_value": 1241.696892, "relative_strength": -11.270329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.678681, "energy": 29.463808, "activity_lines": [ 1425.833333, 1419.368182, 1444.803571, 1471.691441 ] }, { "date": "2026-05-08", "close": 1428.25, "volume": 48323, "typical_volume": 333290.1, "trend": 1513.31967, "fair_value": 1243.531827, "relative_strength": -8.935546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.969662, "energy": 24.820065, "activity_lines": [ 1427.216667, 1420.654545, 1440.861905, 1465.968667 ] }, { "date": "2026-05-15", "close": 1421.0, "volume": 149473, "typical_volume": 339432.2, "trend": 1509.078003, "fair_value": 1245.323494, "relative_strength": -8.899155, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.510271, "energy": 28.659985, "activity_lines": [ 1424.4, 1421.340909, 1436.65, 1460.012559 ] }, { "date": "2026-05-22", "close": 1374.5, "volume": 63252, "typical_volume": 340367.7, "trend": 1484.25, "fair_value": 1246.975738, "relative_strength": -13.9457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.374575, "energy": 43.087618, "activity_lines": [ 1405.933333, 1413.263636, 1428.389286, 1451.330108 ] }, { "date": "2026-05-29", "close": 1363.0, "volume": 39351, "typical_volume": 335402.95, "trend": 1476.5, "fair_value": 1248.485353, "relative_strength": -14.038083, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.383977, "energy": 48.987654, "activity_lines": [ 1389.616667, 1404.563636, 1419.79881, 1443.507527 ] }, { "date": "2026-06-05", "close": 1358.0, "volume": 2837, "typical_volume": 330504.5, "trend": 1469.175, "fair_value": 1249.959712, "relative_strength": -13.819284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.622757, "energy": 68.155162, "activity_lines": [ 1375.716667, 1395.4, 1411.578571, 1435.862366 ] }, { "date": "2026-06-12", "close": 1358.75, "volume": 17541, "typical_volume": 328032.3, "trend": 1460.841667, "fair_value": 1251.272212, "relative_strength": -14.414511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.47797, "energy": 76.348481, "activity_lines": [ 1365.65, 1386.713636, 1404.329762, 1428.738172 ] }, { "date": "2026-06-19", "close": 1336.25, "volume": 2581, "typical_volume": 320209.35, "trend": 1454.683333, "fair_value": 1252.924456, "relative_strength": -14.732455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.600755, "energy": 84.373716, "activity_lines": [ 1352.716667, 1374.713636, 1395.782143, 1420.7 ] }, { "date": "2026-06-26", "close": 1280.5, "volume": 24605, "typical_volume": 318590.4, "trend": 1445.758333, "fair_value": 1254.10234, "relative_strength": -19.118454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.619497, "energy": 92.648551, "activity_lines": [ 1326.85, 1354.077273, 1382.821429, 1409.462366 ] }, { "date": "2026-07-03", "close": 1287.75, "volume": 439, "typical_volume": 317652.6, "trend": 1437.175, "fair_value": 1255.406827, "relative_strength": -19.668585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.285119, "energy": 91.728242, "activity_lines": [ 1309.666667, 1338.1, 1371.613095, 1399.26828 ] }, { "date": "2026-07-10", "close": 1330.75, "volume": 235467, "typical_volume": 328911.55, "trend": 1431.05, "fair_value": 1256.83311, "relative_strength": -15.2959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.009261, "energy": 82.925104, "activity_lines": [ 1311.833333, 1332.422727, 1365.409524, 1392.402151 ] }, { "date": "2026-07-17", "close": 1318.25, "volume": 171764, "typical_volume": 127127.4, "trend": 1424.441667, "fair_value": 1258.232148, "relative_strength": -16.559776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.164879, "energy": 68.467772, "activity_lines": [ 1311.65, 1325.945455, 1358.811905, 1385.124731 ] }, { "date": "2026-07-24", "close": 1344.5, "volume": 75273, "typical_volume": 67866.0, "trend": 1419.233333, "fair_value": 1259.206507, "relative_strength": -15.621496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.232209, "energy": 50.450471, "activity_lines": [ 1322.916667, 1326.240909, 1355.42619, 1379.967204 ] }, { "date": "2026-07-31", "close": 1380.5, "volume": 126067, "typical_volume": 71352.85, "trend": 1414.075, "fair_value": 1260.506186, "relative_strength": -14.111067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.003353, "energy": 24.079894, "activity_lines": [ 1345.633333, 1334.472727, 1355.752381, 1377.46828 ] }, { "date": "2026-08-07", "close": 1402.0, "volume": 20318, "typical_volume": 68085.75, "trend": 1409.45, "fair_value": 1262.342725, "relative_strength": -12.72657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.722282, "energy": 20.378099, "activity_lines": [ 1368.85, 1346.504545, 1358.482143, 1376.689247 ] } ], "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." } } }