{ "ticker": { "uuid": "106daec6-0b26-493f-8abb-ef0b7f2d8952", "symbol": "LEA", "name": "Lear Corporation", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": 61.936, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": -4.964, "architecture_energy": 7.118, "architecture_maturity": 38.9, "architecture_confidence": 65.244, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 63.15, "rotation_up": 22.13, "upward_expansion": 49.24, "deceleration": 79.12, "rotation_down": 34.6, "downward_expansion": 29.57 }, "activity_lines": [ 132.476, 134.809455, 135.531292, 133.050856 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 122.84, "trend_reference": 130.113226, "distance_from_trend": -0.055899, "trend_direction": "Improving", "fair_value": 112.134218, "distance_from_fair_value": 0.095473, "fair_value_direction": "Weakening", "relative_strength": -8.43387, "relative_strength_direction": "Weakening", "price_momentum": -0.118322, "excess_performance": -0.243947, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.055899, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.070725, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.095473, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.149461, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.084339, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.222481, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.118322, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.621905, "read": "Supply-led" } ], "volume": { "latest": 4756283, "relative_activity": 1.559416, "balance": 0.621905, "dry_up": 1.217312, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.086436, "annualized_volatility": 0.302081, "from_high_reference": -0.181067, "from_low_reference": 0.321649 }, "levels": { "trend_reference": 130.113226, "fair_value_reference": 112.134218, "structural_low": 112.492133, "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": 10, "median_return": 0.016906, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.00156, "regime_survival": 0.4, "best_return": 0.137942, "worst_return": -0.097694, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.042598, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.046097, "regime_survival": 0.2, "best_return": 0.309273, "worst_return": -0.065694, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.023022, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.034327, "regime_survival": 0.0, "best_return": 0.365045, "worst_return": -0.060187, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.052962, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.162872, "regime_survival": 0.0, "best_return": 0.292874, "worst_return": -0.18695, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-07", "end": "2024-12-13", "tenure": "Extended", "return": -0.191142, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2024-12-27", "tenure": "New", "return": 0.006119, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-03", "end": "2025-02-28", "tenure": "Developing", "return": 0.009126, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.175941, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.152385, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": 0.189006, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": -0.077981, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.060047, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-03", "tenure": "Developing", "return": -0.047924, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-11-14", "tenure": "Developing", "return": 0.095578, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2026-03-13", "tenure": "Established", "return": 0.110649, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": 0.166814, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-07-03", "tenure": "Developing", "return": -0.058305, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": -0.097694, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 131.145498, "volume": 2792038, "typical_volume": 2866737.85, "trend": 127.258543, "fair_value": 134.923903, "relative_strength": -2.83907, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.75192, "energy": 32.962266, "activity_lines": [ 135.423099, 136.074486, 131.234453, 128.986343 ] }, { "date": "2023-08-25", "close": 129.81529, "volume": 1608264, "typical_volume": 2854608.95, "trend": 127.307984, "fair_value": 135.094813, "relative_strength": -4.4625, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.714053, "energy": 22.202395, "activity_lines": [ 132.986849, 135.088756, 131.486667, 129.151294 ] }, { "date": "2023-09-01", "close": 135.56472, "volume": 1928487, "typical_volume": 2858829.3, "trend": 127.530195, "fair_value": 135.282089, "relative_strength": -2.585141, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.221363, "energy": 25.297276, "activity_lines": [ 133.045346, 135.190869, 132.244313, 129.683987 ] }, { "date": "2023-09-08", "close": 130.986462, "volume": 2539653, "typical_volume": 2865153.05, "trend": 127.717322, "fair_value": 135.445339, "relative_strength": -4.525745, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.675488, "energy": 22.036281, "activity_lines": [ 132.056018, 134.286503, 132.512257, 129.906972 ] }, { "date": "2023-09-15", "close": 128.414094, "volume": 3816207, "typical_volume": 2878607.35, "trend": 127.621409, "fair_value": 135.608229, "relative_strength": -6.06748, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.792389, "energy": 16.766169, "activity_lines": [ 130.899104, 132.943862, 132.49096, 129.951925 ] }, { "date": "2023-09-22", "close": 123.222926, "volume": 2449285, "typical_volume": 2830717.7, "trend": 127.463283, "fair_value": 135.807175, "relative_strength": -7.020631, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.668417, "energy": 15.622268, "activity_lines": [ 128.245008, 130.818892, 131.922135, 129.668152 ] }, { "date": "2023-09-29", "close": 124.625191, "volume": 2386153, "typical_volume": 2813915.35, "trend": 127.27426, "fair_value": 135.956418, "relative_strength": -5.211324, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.864835, "energy": 28.384187, "activity_lines": [ 126.586506, 129.230314, 131.44069, 129.485049 ] }, { "date": "2023-10-06", "close": 125.516698, "volume": 2692602, "typical_volume": 2825164.05, "trend": 127.323029, "fair_value": 136.027837, "relative_strength": -4.843226, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.295456, "energy": 37.133568, "activity_lines": [ 125.571179, 128.055904, 130.989731, 129.371658 ] }, { "date": "2023-10-13", "close": 125.730288, "volume": 3327977, "typical_volume": 2824714.35, "trend": 127.402187, "fair_value": 136.093946, "relative_strength": -4.975187, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.470402, "energy": 40.730137, "activity_lines": [ 125.296917, 127.233455, 130.508408, 129.2689 ] }, { "date": "2023-10-20", "close": 123.13006, "volume": 2441103, "typical_volume": 2794118.7, "trend": 127.282306, "fair_value": 136.121936, "relative_strength": -4.507761, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.635837, "energy": 35.427582, "activity_lines": [ 124.506324, 126.22195, 129.738875, 128.993279 ] }, { "date": "2023-10-27", "close": 118.867544, "volume": 4887473, "typical_volume": 2889968.4, "trend": 126.973803, "fair_value": 136.200142, "relative_strength": -5.221546, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.924445, "energy": 33.662471, "activity_lines": [ 122.647161, 124.595117, 128.55029, 128.450391 ] }, { "date": "2023-11-03", "close": 121.430626, "volume": 3967290, "typical_volume": 2832836.3, "trend": 126.989243, "fair_value": 136.252838, "relative_strength": -8.20593, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.098371, "energy": 32.148626, "activity_lines": [ 121.932717, 123.657535, 127.647296, 128.092767 ] }, { "date": "2023-11-10", "close": 118.366072, "volume": 2757995, "typical_volume": 2813520.35, "trend": 126.791697, "fair_value": 136.23065, "relative_strength": -11.282922, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.652851, "energy": 47.700181, "activity_lines": [ 120.409727, 122.31521, 126.503495, 127.536433 ] }, { "date": "2023-11-17", "close": 124.615905, "volume": 2755124, "typical_volume": 2788105.25, "trend": 126.889125, "fair_value": 136.241734, "relative_strength": -8.341864, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.462899, "energy": 31.505753, "activity_lines": [ 121.446723, 122.42192, 125.991225, 127.39606 ] }, { "date": "2023-11-24", "close": 124.671624, "volume": 1232385, "typical_volume": 2748568.1, "trend": 127.13629, "fair_value": 136.211178, "relative_strength": -8.884143, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.678235, "energy": 21.139136, "activity_lines": [ 122.576583, 122.65459, 125.522306, 127.252995 ] }, { "date": "2023-12-01", "close": 126.65894, "volume": 4341076, "typical_volume": 2843622.2, "trend": 127.574003, "fair_value": 136.132179, "relative_strength": -7.972522, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.66203, "energy": 19.472405, "activity_lines": [ 124.266112, 123.316635, 125.302778, 127.222198 ] }, { "date": "2023-12-08", "close": 124.28615, "volume": 3521225, "typical_volume": 2900830.75, "trend": 127.943646, "fair_value": 136.05017, "relative_strength": -9.694701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.696501, "energy": 19.457572, "activity_lines": [ 124.645284, 123.484791, 124.914618, 127.010079 ] }, { "date": "2023-12-15", "close": 128.292669, "volume": 3657110, "typical_volume": 2976107.95, "trend": 128.391117, "fair_value": 135.967315, "relative_strength": -8.800927, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.916071, "energy": 16.483373, "activity_lines": [ 126.169595, 124.387568, 124.975666, 127.032596 ] }, { "date": "2023-12-22", "close": 132.009673, "volume": 2108880, "typical_volume": 2900726.6, "trend": 128.884414, "fair_value": 135.907323, "relative_strength": -6.915541, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.136242, "energy": 13.813618, "activity_lines": [ 128.271133, 125.915693, 125.459504, 127.266052 ] }, { "date": "2023-12-29", "close": 131.878924, "volume": 1127720, "typical_volume": 2816902.35, "trend": 129.267725, "fair_value": 135.851198, "relative_strength": -7.19371, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.116275, "energy": 23.532761, "activity_lines": [ 129.836171, 127.305874, 125.975293, 127.459246 ] }, { "date": "2024-01-05", "close": 126.919806, "volume": 2207612, "typical_volume": 2787681.05, "trend": 129.245725, "fair_value": 135.724395, "relative_strength": -9.028339, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.201297, "energy": 18.70675, "activity_lines": [ 129.267682, 127.635328, 126.018945, 127.307767 ] }, { "date": "2024-01-12", "close": 122.670467, "volume": 1520679, "typical_volume": 2783301.8, "trend": 128.929661, "fair_value": 135.604933, "relative_strength": -13.336146, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.82801, "energy": 13.807809, "activity_lines": [ 127.265356, 127.045769, 125.678019, 126.883557 ] }, { "date": "2024-01-19", "close": 121.605798, "volume": 1970218, "typical_volume": 2785388.35, "trend": 128.783489, "fair_value": 135.437321, "relative_strength": -14.739667, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.890609, "energy": 20.164303, "activity_lines": [ 125.015853, 126.240092, 125.26972, 126.41105 ] }, { "date": "2024-01-26", "close": 124.837163, "volume": 3825332, "typical_volume": 2849672.3, "trend": 128.52456, "fair_value": 135.382937, "relative_strength": -13.000204, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.444739, "energy": 24.354865, "activity_lines": [ 124.289263, 125.963031, 125.23564, 126.156448 ] }, { "date": "2024-02-02", "close": 126.667648, "volume": 2518564, "typical_volume": 2784790.15, "trend": 128.170225, "fair_value": 135.312227, "relative_strength": -12.614737, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.22525, "energy": 22.090411, "activity_lines": [ 124.651002, 126.014764, 125.405175, 126.036647 ] }, { "date": "2024-02-09", "close": 125.845797, "volume": 3794255, "typical_volume": 2852038.65, "trend": 127.741691, "fair_value": 135.213799, "relative_strength": -14.025048, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.585672, "energy": 17.677528, "activity_lines": [ 125.086209, 125.880777, 125.504755, 125.886684 ] }, { "date": "2024-02-16", "close": 127.293374, "volume": 2530662, "typical_volume": 2859264.1, "trend": 127.368492, "fair_value": 135.079358, "relative_strength": -12.323442, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.787323, "energy": 5.607673, "activity_lines": [ 126.075542, 126.02477, 125.72971, 125.85776 ] }, { "date": "2024-02-23", "close": 126.266062, "volume": 1412512, "typical_volume": 2795259.6, "trend": 126.819407, "fair_value": 134.947232, "relative_strength": -14.008914, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.156377, "energy": 5.70835, "activity_lines": [ 126.414244, 125.927303, 125.844119, 125.786636 ] }, { "date": "2024-03-01", "close": 127.405445, "volume": 2303195, "typical_volume": 2744020.5, "trend": 126.355104, "fair_value": 134.760685, "relative_strength": -13.625778, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.535969, "energy": 11.362127, "activity_lines": [ 126.822056, 126.073844, 126.063473, 125.824445 ] }, { "date": "2024-03-08", "close": 131.738567, "volume": 2530219, "typical_volume": 2748476.3, "trend": 126.349316, "fair_value": 134.533564, "relative_strength": -10.076447, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.284419, "energy": 33.065154, "activity_lines": [ 128.503023, 127.091938, 126.687528, 126.171765 ] }, { "date": "2024-03-15", "close": 131.62589, "volume": 3802301, "typical_volume": 2694217.7, "trend": 126.365329, "fair_value": 134.336149, "relative_strength": -9.722268, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.489506, "energy": 53.32772, "activity_lines": [ 129.80837, 128.092098, 127.25986, 126.512189 ] }, { "date": "2024-03-22", "close": 136.809046, "volume": 2221955, "typical_volume": 2606950.95, "trend": 126.598454, "fair_value": 134.19989, "relative_strength": -7.829287, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.321084, "energy": 69.84319, "activity_lines": [ 132.456096, 129.949084, 128.265071, 127.185977 ] }, { "date": "2024-03-29", "close": 136.039085, "volume": 2343057, "typical_volume": 2586204.05, "trend": 126.614266, "fair_value": 134.049329, "relative_strength": -8.318309, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.793587, "energy": 70.620713, "activity_lines": [ 134.212791, 131.409012, 129.123721, 127.79505 ] }, { "date": "2024-04-05", "close": 132.095378, "volume": 2205957, "typical_volume": 2558745.7, "trend": 126.65123, "fair_value": 133.879846, "relative_strength": -9.903675, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.293158, "energy": 65.773582, "activity_lines": [ 134.003381, 131.88948, 129.522624, 128.14867 ] }, { "date": "2024-04-12", "close": 125.541314, "volume": 2376962, "typical_volume": 2615974.55, "trend": 126.555471, "fair_value": 133.649956, "relative_strength": -12.747492, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.661189, "energy": 29.448674, "activity_lines": [ 131.296621, 131.046331, 129.261713, 128.077063 ] }, { "date": "2024-04-19", "close": 124.752573, "volume": 2292041, "typical_volume": 2513522.8, "trend": 126.606459, "fair_value": 133.384865, "relative_strength": -10.256723, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.406656, "energy": 12.100918, "activity_lines": [ 128.740098, 130.080255, 128.921543, 127.960747 ] }, { "date": "2024-04-26", "close": 128.142282, "volume": 3087024, "typical_volume": 2491812.75, "trend": 126.723696, "fair_value": 133.162621, "relative_strength": -9.985139, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.026658, "energy": 21.214916, "activity_lines": [ 127.771699, 129.750365, 128.91328, 128.059832 ] }, { "date": "2024-05-03", "close": 119.391011, "volume": 6157591, "typical_volume": 2616836.8, "trend": 126.519506, "fair_value": 132.820243, "relative_strength": -16.367555, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -31.631199, "energy": 31.664426, "activity_lines": [ 124.463994, 127.813901, 128.053201, 127.586756 ] }, { "date": "2024-05-10", "close": 123.071803, "volume": 2840828, "typical_volume": 2653434.2, "trend": 126.43089, "fair_value": 132.552098, "relative_strength": -15.120096, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -20.480495, "energy": 31.540761, "activity_lines": [ 123.493091, 126.671673, 127.586061, 127.364323 ] }, { "date": "2024-05-17", "close": 122.705602, "volume": 2619499, "typical_volume": 2728023.15, "trend": 126.416741, "fair_value": 132.269741, "relative_strength": -16.47982, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.10204, "energy": 39.27951, "activity_lines": [ 123.001693, 125.541656, 127.126607, 127.123982 ] }, { "date": "2024-05-24", "close": 118.038883, "volume": 2680275, "typical_volume": 2751656.3, "trend": 126.389119, "fair_value": 131.928687, "relative_strength": -19.318265, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.898893, "energy": 54.915471, "activity_lines": [ 121.143769, 123.72738, 126.266386, 126.583475 ] }, { "date": "2024-05-31", "close": 117.700851, "volume": 7290247, "typical_volume": 3040134.7, "trend": 126.264793, "fair_value": 131.539708, "relative_strength": -18.882254, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.071687, "energy": 61.058546, "activity_lines": [ 119.620747, 122.098681, 125.416261, 126.022942 ] }, { "date": "2024-06-07", "close": 116.54219, "volume": 3416353, "typical_volume": 3112441.45, "trend": 126.203997, "fair_value": 131.191936, "relative_strength": -20.217489, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.73855, "energy": 64.765818, "activity_lines": [ 118.407601, 120.606738, 124.479453, 125.395677 ] }, { "date": "2024-06-14", "close": 109.304366, "volume": 4367132, "typical_volume": 3139531.45, "trend": 125.693613, "fair_value": 130.929023, "relative_strength": -25.846606, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.010869, "energy": 78.435956, "activity_lines": [ 114.971767, 118.153315, 122.87744, 124.305378 ] }, { "date": "2024-06-21", "close": 109.69177, "volume": 4391905, "typical_volume": 3233198.5, "trend": 125.194284, "fair_value": 130.620843, "relative_strength": -25.568006, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.680451, "energy": 79.92571, "activity_lines": [ 112.582898, 116.184712, 121.386289, 123.273001 ] }, { "date": "2024-06-28", "close": 107.915385, "volume": 4068582, "typical_volume": 3246914.85, "trend": 124.569499, "fair_value": 130.305425, "relative_strength": -26.183334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.381513, "energy": 82.376361, "activity_lines": [ 110.469489, 114.181303, 119.806796, 122.158234 ] }, { "date": "2024-07-05", "close": 107.102783, "volume": 2443718, "typical_volume": 3242567.65, "trend": 123.99672, "fair_value": 130.002705, "relative_strength": -27.469743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.074433, "energy": 83.862419, "activity_lines": [ 108.760112, 112.336279, 118.235295, 121.031349 ] }, { "date": "2024-07-12", "close": 112.233512, "volume": 2930933, "typical_volume": 3318488.7, "trend": 123.461415, "fair_value": 129.79188, "relative_strength": -24.10382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.232435, "energy": 71.72033, "activity_lines": [ 109.467517, 111.806652, 117.24858, 120.272432 ] }, { "date": "2024-07-19", "close": 111.676029, "volume": 4109465, "typical_volume": 3408802.2, "trend": 122.783627, "fair_value": 129.55821, "relative_strength": -22.36179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.391075, "energy": 49.901973, "activity_lines": [ 110.276339, 111.3058, 116.275594, 119.512085 ] }, { "date": "2024-07-26", "close": 114.718561, "volume": 3919351, "typical_volume": 3478258.8, "trend": 122.211615, "fair_value": 129.298909, "relative_strength": -18.949037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.469841, "energy": 35.170085, "activity_lines": [ 111.941227, 111.565331, 115.667274, 118.991758 ] }, { "date": "2024-08-02", "close": 107.424044, "volume": 3193534, "typical_volume": 3447820.45, "trend": 121.561756, "fair_value": 129.023886, "relative_strength": -21.76949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.064813, "energy": 37.248053, "activity_lines": [ 110.839491, 110.643806, 114.445286, 118.037721 ] }, { "date": "2024-08-09", "close": 103.087019, "volume": 2933895, "typical_volume": 3483417.45, "trend": 120.908974, "fair_value": 128.717309, "relative_strength": -24.337775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.091574, "energy": 50.371437, "activity_lines": [ 108.324835, 109.126728, 112.925496, 116.845802 ] }, { "date": "2024-08-16", "close": 106.554749, "volume": 3311074, "typical_volume": 3531818.3, "trend": 120.407273, "fair_value": 128.515841, "relative_strength": -24.159066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.91782, "energy": 47.122866, "activity_lines": [ 107.233807, 108.505852, 111.896546, 115.919723 ] }, { "date": "2024-08-23", "close": 110.334292, "volume": 1932393, "typical_volume": 3518140.1, "trend": 119.923844, "fair_value": 128.28801, "relative_strength": -21.951941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.088674, "energy": 48.379617, "activity_lines": [ 107.781211, 108.753756, 111.367954, 115.269854 ] }, { "date": "2024-08-30", "close": 110.220905, "volume": 1741365, "typical_volume": 3486360.25, "trend": 119.375619, "fair_value": 128.085751, "relative_strength": -21.592118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.491209, "energy": 40.375834, "activity_lines": [ 108.380268, 108.962318, 110.932188, 114.643858 ] }, { "date": "2024-09-06", "close": 104.926439, "volume": 1922934, "typical_volume": 3467904.9, "trend": 118.678307, "fair_value": 127.875671, "relative_strength": -21.507915, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.975229, "energy": 40.533412, "activity_lines": [ 107.514347, 108.198629, 110.065141, 113.711652 ] }, { "date": "2024-09-13", "close": 99.675361, "volume": 4290211, "typical_volume": 3528064.25, "trend": 117.757707, "fair_value": 127.641852, "relative_strength": -27.660055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.521974, "energy": 48.576643, "activity_lines": [ 105.064574, 106.534543, 108.792402, 112.485656 ] }, { "date": "2024-09-20", "close": 102.757515, "volume": 3870170, "typical_volume": 3413693.2, "trend": 116.974088, "fair_value": 127.413534, "relative_strength": -25.833858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.877879, "energy": 46.63604, "activity_lines": [ 103.869629, 105.565893, 107.948758, 111.517902 ] }, { "date": "2024-09-27", "close": 107.228542, "volume": 3423054, "typical_volume": 3442804.5, "trend": 116.301525, "fair_value": 127.193405, "relative_strength": -22.382677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.261483, "energy": 42.420309, "activity_lines": [ 104.418176, 105.582447, 107.610133, 110.889157 ] }, { "date": "2024-10-04", "close": 102.776541, "volume": 3064341, "typical_volume": 3465046.6, "trend": 115.336124, "fair_value": 126.892788, "relative_strength": -25.105422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.047235, "energy": 42.487222, "activity_lines": [ 103.689772, 104.870411, 106.922952, 110.016577 ] }, { "date": "2024-10-11", "close": 101.777695, "volume": 3409704, "typical_volume": 3501518.05, "trend": 114.341184, "fair_value": 126.524068, "relative_strength": -25.966156, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.426873, "energy": 39.783709, "activity_lines": [ 103.12471, 104.193893, 106.235543, 109.14184 ] }, { "date": "2024-10-18", "close": 103.651721, "volume": 3632120, "typical_volume": 3318611.7, "trend": 113.23594, "fair_value": 126.220849, "relative_strength": -24.520943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.266075, "energy": 33.199832, "activity_lines": [ 103.39424, 103.960769, 105.804047, 108.452197 ] }, { "date": "2024-10-25", "close": 93.844, "volume": 5543623, "typical_volume": 3424975.2, "trend": 111.829437, "fair_value": 125.842444, "relative_strength": -30.258285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.671627, "energy": 51.982289, "activity_lines": [ 100.12944, 101.934155, 104.505383, 107.201104 ] }, { "date": "2024-11-01", "close": 92.008025, "volume": 2887269, "typical_volume": 3350982.05, "trend": 110.493192, "fair_value": 125.415773, "relative_strength": -29.957553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.86376, "energy": 73.169208, "activity_lines": [ 96.846881, 99.804832, 103.139951, 105.922303 ] }, { "date": "2024-11-08", "close": 91.618, "volume": 3298026, "typical_volume": 3296288.1, "trend": 109.362415, "fair_value": 124.95655, "relative_strength": -32.750279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.033702, "energy": 78.721068, "activity_lines": [ 94.449016, 97.9378, 101.819738, 104.704549 ] }, { "date": "2024-11-15", "close": 90.952102, "volume": 3807309, "typical_volume": 3283224.45, "trend": 108.235733, "fair_value": 124.527673, "relative_strength": -31.094426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.105949, "energy": 81.821069, "activity_lines": [ 92.573087, 96.287931, 100.522171, 103.516787 ] }, { "date": "2024-11-22", "close": 93.121026, "volume": 3463280, "typical_volume": 3334202.55, "trend": 107.068357, "fair_value": 124.148111, "relative_strength": -29.882466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.787655, "energy": 74.586121, "activity_lines": [ 92.141839, 95.28649, 99.511945, 102.541644 ] }, { "date": "2024-11-29", "close": 93.073461, "volume": 2521459, "typical_volume": 3313728.85, "trend": 106.191106, "fair_value": 123.748229, "relative_strength": -29.981402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.873888, "energy": 52.620161, "activity_lines": [ 92.396783, 94.395571, 98.56377, 101.638748 ] }, { "date": "2024-12-06", "close": 94.976026, "volume": 4287438, "typical_volume": 3322627.5, "trend": 105.25458, "fair_value": 123.282614, "relative_strength": -28.4356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.791678, "energy": 43.838634, "activity_lines": [ 93.337284, 94.026646, 97.888029, 100.915194 ] }, { "date": "2024-12-13", "close": 94.26614, "volume": 4105702, "typical_volume": 3331945.05, "trend": 104.306598, "fair_value": 122.888208, "relative_strength": -27.784543, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.808744, "energy": 33.908059, "activity_lines": [ 93.843289, 93.751425, 97.224204, 100.206263 ] }, { "date": "2024-12-20", "close": 90.84438, "volume": 6653090, "typical_volume": 3504922.85, "trend": 103.400114, "fair_value": 122.439686, "relative_strength": -28.285861, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -53.062962, "energy": 36.746914, "activity_lines": [ 93.032166, 93.008799, 96.33189, 99.337733 ] }, { "date": "2024-12-27", "close": 91.400296, "volume": 1710527, "typical_volume": 3443754.45, "trend": 102.523429, "fair_value": 121.977949, "relative_strength": -27.485994, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -58.373277, "energy": 39.576881, "activity_lines": [ 92.413529, 92.566037, 95.571471, 98.563551 ] }, { "date": "2025-01-03", "close": 89.272479, "volume": 2246438, "typical_volume": 3390522.65, "trend": 101.614439, "fair_value": 121.478235, "relative_strength": -27.998096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.421614, "energy": 46.165339, "activity_lines": [ 91.200335, 91.959152, 94.664054, 97.708651 ] }, { "date": "2025-01-10", "close": 87.096737, "volume": 2297784, "typical_volume": 3408792.2, "trend": 100.874184, "fair_value": 120.942528, "relative_strength": -27.631219, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.153085, "energy": 61.185554, "activity_lines": [ 89.515293, 91.039796, 93.631719, 96.772025 ] }, { "date": "2025-01-17", "close": 90.403481, "volume": 3239709, "typical_volume": 3483709.4, "trend": 100.231242, "fair_value": 120.545236, "relative_strength": -26.321, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.204098, "energy": 52.833029, "activity_lines": [ 89.457784, 90.810963, 93.024968, 96.096496 ] }, { "date": "2025-01-24", "close": 92.291679, "volume": 2289411, "typical_volume": 3502033.25, "trend": 99.710451, "fair_value": 120.199159, "relative_strength": -25.314883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.714349, "energy": 42.62894, "activity_lines": [ 90.287186, 90.947521, 92.692414, 95.584266 ] }, { "date": "2025-01-31", "close": 90.183031, "volume": 3382375, "typical_volume": 3456641.45, "trend": 99.14646, "fair_value": 119.817347, "relative_strength": -25.502533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.376108, "energy": 38.49581, "activity_lines": [ 90.317218, 90.676332, 92.219201, 94.969593 ] }, { "date": "2025-02-07", "close": 92.138323, "volume": 5426242, "typical_volume": 3534445.05, "trend": 98.47662, "fair_value": 119.489528, "relative_strength": -23.011331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.293396, "energy": 22.820779, "activity_lines": [ 91.080165, 90.814068, 91.977409, 94.517456 ] }, { "date": "2025-02-14", "close": 92.368357, "volume": 3708936, "typical_volume": 3548739.15, "trend": 97.833031, "fair_value": 119.098017, "relative_strength": -23.158762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.987031, "energy": 18.01942, "activity_lines": [ 91.728734, 91.010632, 91.808092, 94.123374 ] }, { "date": "2025-02-21", "close": 92.397111, "volume": 1936099, "typical_volume": 3492327.05, "trend": 97.088983, "fair_value": 118.734693, "relative_strength": -21.131984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.385418, "energy": 16.425504, "activity_lines": [ 92.035446, 91.259836, 91.712276, 93.77267 ] }, { "date": "2025-02-28", "close": 90.087183, "volume": 2818053, "typical_volume": 3462744.5, "trend": 96.511087, "fair_value": 118.49239, "relative_strength": -21.586075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.57615, "energy": 18.347571, "activity_lines": [ 91.439274, 91.123035, 91.445894, 93.320941 ] }, { "date": "2025-03-07", "close": 95.504056, "volume": 4786253, "typical_volume": 3520451.15, "trend": 96.258322, "fair_value": 118.322623, "relative_strength": -13.418103, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.931397, "energy": 7.486861, "activity_lines": [ 92.795692, 91.984887, 91.751072, 93.255971 ] }, { "date": "2025-03-14", "close": 91.513448, "volume": 3955668, "typical_volume": 3441053.4, "trend": 95.756945, "fair_value": 118.07833, "relative_strength": -14.259078, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.064956, "energy": 9.468775, "activity_lines": [ 92.467173, 92.046561, 91.714992, 92.94985 ] }, { "date": "2025-03-21", "close": 91.117285, "volume": 5436113, "typical_volume": 3568495.6, "trend": 95.116378, "fair_value": 117.836968, "relative_strength": -14.157909, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.512403, "energy": 10.268208, "activity_lines": [ 92.048257, 91.99546, 91.652279, 92.650517 ] }, { "date": "2025-03-28", "close": 84.991266, "volume": 4341169, "typical_volume": 3620652.75, "trend": 94.27539, "fair_value": 117.561807, "relative_strength": -17.802925, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.439723, "energy": 29.16943, "activity_lines": [ 89.670741, 90.757436, 91.010378, 91.997284 ] }, { "date": "2025-04-04", "close": 78.700985, "volume": 4118191, "typical_volume": 3636196.85, "trend": 93.401208, "fair_value": 117.330797, "relative_strength": -15.403179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.579378, "energy": 62.931586, "activity_lines": [ 85.690186, 88.474129, 89.800958, 90.992484 ] }, { "date": "2025-04-11", "close": 74.758689, "volume": 4210408, "typical_volume": 3673553.25, "trend": 92.570653, "fair_value": 117.072271, "relative_strength": -23.079632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.500834, "energy": 76.879433, "activity_lines": [ 81.154613, 85.721145, 88.27442, 89.78974 ] }, { "date": "2025-04-18", "close": 76.7395, "volume": 2676368, "typical_volume": 3681298.7, "trend": 91.703385, "fair_value": 116.817228, "relative_strength": -18.975921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.476158, "energy": 79.080023, "activity_lines": [ 78.662335, 83.60875, 87.02397, 88.768376 ] }, { "date": "2025-04-25", "close": 81.648045, "volume": 2566233, "typical_volume": 3595238.45, "trend": 90.850702, "fair_value": 116.603901, "relative_strength": -16.632889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.537941, "energy": 72.244576, "activity_lines": [ 78.791169, 82.668797, 86.318782, 88.119644 ] }, { "date": "2025-05-02", "close": 83.88008, "volume": 3537542, "typical_volume": 3566830.45, "trend": 90.22082, "fair_value": 116.387376, "relative_strength": -15.986164, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.249224, "energy": 54.320508, "activity_lines": [ 80.295296, 82.329583, 85.889635, 87.669927 ] }, { "date": "2025-05-09", "close": 87.532501, "volume": 3624242, "typical_volume": 3415388.05, "trend": 89.74598, "fair_value": 116.184706, "relative_strength": -11.135251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.745254, "energy": 26.130489, "activity_lines": [ 83.090977, 82.8093, 85.857795, 87.496487 ] }, { "date": "2025-05-16", "close": 91.52311, "volume": 2576623, "typical_volume": 3458692.85, "trend": 89.341693, "fair_value": 116.006925, "relative_strength": -10.961735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.42629, "energy": 16.228281, "activity_lines": [ 86.628092, 84.061032, 86.221784, 87.61114 ] }, { "date": "2025-05-23", "close": 86.150765, "volume": 2833685, "typical_volume": 3488055.2, "trend": 89.085252, "fair_value": 115.772825, "relative_strength": -13.261694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.572878, "energy": 20.566246, "activity_lines": [ 87.256798, 84.408355, 86.073536, 87.405274 ] }, { "date": "2025-05-30", "close": 87.368239, "volume": 2870232, "typical_volume": 3516677.6, "trend": 88.930593, "fair_value": 115.536625, "relative_strength": -12.809735, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.482077, "energy": 19.811285, "activity_lines": [ 87.663911, 85.074539, 86.056104, 87.294499 ] }, { "date": "2025-06-06", "close": 86.238037, "volume": 3385910, "typical_volume": 3523987.65, "trend": 88.751261, "fair_value": 115.315576, "relative_strength": -14.593578, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.010691, "energy": 16.876788, "activity_lines": [ 87.312944, 85.603397, 85.92974, 87.120785 ] }, { "date": "2025-06-13", "close": 88.236318, "volume": 4538507, "typical_volume": 3636442.45, "trend": 88.660734, "fair_value": 115.174846, "relative_strength": -11.73595, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.871859, "energy": 7.742719, "activity_lines": [ 87.470873, 86.472911, 86.013524, 87.087563 ] }, { "date": "2025-06-20", "close": 88.752947, "volume": 3166605, "typical_volume": 3625653.95, "trend": 88.515132, "fair_value": 114.966734, "relative_strength": -10.516808, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.400483, "energy": 7.820289, "activity_lines": [ 87.754091, 87.262987, 86.165822, 87.093513 ] }, { "date": "2025-06-27", "close": 91.94045, "volume": 2652900, "typical_volume": 3486986.85, "trend": 88.477365, "fair_value": 114.822304, "relative_strength": -9.880964, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.771189, "energy": 20.494588, "activity_lines": [ 89.284487, 88.378168, 86.628502, 87.314501 ] }, { "date": "2025-07-04", "close": 100.966834, "volume": 2850039, "typical_volume": 3444042.0, "trend": 88.677058, "fair_value": 114.727283, "relative_strength": -2.298534, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.427493, "energy": 55.456539, "activity_lines": [ 93.437699, 90.858129, 87.95178, 88.120273 ] }, { "date": "2025-07-11", "close": 103.881401, "volume": 3660944, "typical_volume": 3530284.25, "trend": 88.997567, "fair_value": 114.644807, "relative_strength": 1.227005, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 84.420529, "energy": 81.45196, "activity_lines": [ 97.65586, 93.51676, 89.51169, 89.101198 ] }, { "date": "2025-07-18", "close": 101.376238, "volume": 2341119, "typical_volume": 3506437.55, "trend": 89.348629, "fair_value": 114.477317, "relative_strength": -1.325337, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.939615, "energy": 81.258796, "activity_lines": [ 99.862743, 95.356247, 90.778326, 89.899822 ] }, { "date": "2025-07-25", "close": 96.882542, "volume": 4980472, "typical_volume": 3516148.5, "trend": 89.531371, "fair_value": 114.223298, "relative_strength": -6.435073, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.161273, "energy": 76.178555, "activity_lines": [ 99.695732, 96.126994, 91.563234, 90.385881 ] }, { "date": "2025-08-01", "close": 90.712238, "volume": 4125835, "typical_volume": 3524656.85, "trend": 89.579363, "fair_value": 113.976854, "relative_strength": -9.604582, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.881596, "energy": 47.584613, "activity_lines": [ 96.929981, 95.678423, 91.75393, 90.462066 ] }, { "date": "2025-08-08", "close": 93.470841, "volume": 2537469, "typical_volume": 3379724.65, "trend": 89.791833, "fair_value": 113.690717, "relative_strength": -8.58056, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.428876, "energy": 26.187893, "activity_lines": [ 95.165644, 95.648481, 92.211165, 90.713129 ] }, { "date": "2025-08-15", "close": 99.836099, "volume": 2710581, "typical_volume": 3298195.25, "trend": 90.106253, "fair_value": 113.490196, "relative_strength": -2.845556, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.255092, "energy": 27.079343, "activity_lines": [ 96.022793, 96.664902, 93.263407, 91.361146 ] }, { "date": "2025-08-22", "close": 105.830944, "volume": 2042840, "typical_volume": 3194427.7, "trend": 90.557562, "fair_value": 113.362552, "relative_strength": 3.120916, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.951294, "energy": 43.242301, "activity_lines": [ 99.14791, 98.524057, 94.815898, 92.375643 ] }, { "date": "2025-08-29", "close": 107.224867, "volume": 2564028, "typical_volume": 3112108.7, "trend": 91.125623, "fair_value": 113.254852, "relative_strength": 4.923959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.93553, "energy": 69.587193, "activity_lines": [ 102.440689, 100.31675, 96.371953, 93.450953 ] }, { "date": "2025-09-05", "close": 109.017017, "volume": 2295364, "typical_volume": 3093058.5, "trend": 91.688246, "fair_value": 113.134597, "relative_strength": 6.681328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.637199, "energy": 81.177433, "activity_lines": [ 105.641362, 102.099436, 97.944088, 94.605236 ] }, { "date": "2025-09-12", "close": 103.69624, "volume": 3886837, "typical_volume": 3159088.7, "trend": 92.065843, "fair_value": 113.005617, "relative_strength": 0.171035, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.653961, "energy": 75.739024, "activity_lines": [ 105.848124, 102.604225, 98.85578, 95.379945 ] }, { "date": "2025-09-19", "close": 103.411549, "volume": 4367598, "typical_volume": 3200591.5, "trend": 92.43299, "fair_value": 112.950905, "relative_strength": -0.994853, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.494863, "energy": 63.750674, "activity_lines": [ 105.278296, 103.007626, 99.635367, 96.111926 ] }, { "date": "2025-09-26", "close": 99.582946, "volume": 4478551, "typical_volume": 3243306.95, "trend": 92.749516, "fair_value": 112.892435, "relative_strength": -3.926474, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.118479, "energy": 38.516892, "activity_lines": [ 103.193903, 102.72346, 99.957318, 96.573214 ] }, { "date": "2025-10-03", "close": 102.086264, "volume": 3393868, "typical_volume": 3284169.2, "trend": 92.968923, "fair_value": 112.821018, "relative_strength": -2.250947, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.481707, "energy": 25.54563, "activity_lines": [ 102.360483, 102.927048, 100.460297, 97.175585 ] }, { "date": "2025-10-10", "close": 95.008257, "volume": 2572522, "typical_volume": 3271111.05, "trend": 93.085416, "fair_value": 112.719774, "relative_strength": -6.40095, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.220642, "energy": 18.364643, "activity_lines": [ 99.510301, 101.749113, 100.23888, 97.307155 ] }, { "date": "2025-10-17", "close": 97.639194, "volume": 2734992, "typical_volume": 3264349.05, "trend": 93.302813, "fair_value": 112.594234, "relative_strength": -5.073594, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.193914, "energy": 21.049282, "activity_lines": [ 98.471015, 100.971421, 100.225849, 97.600947 ] }, { "date": "2025-10-24", "close": 100.044342, "volume": 2163872, "typical_volume": 3203247.15, "trend": 93.804583, "fair_value": 112.429095, "relative_strength": -4.38849, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.858167, "energy": 18.552013, "activity_lines": [ 98.637249, 100.55524, 100.392971, 98.035884 ] }, { "date": "2025-10-31", "close": 102.734181, "volume": 3886013, "typical_volume": 3170622.45, "trend": 94.605689, "fair_value": 112.292842, "relative_strength": -2.358907, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.886999, "energy": 16.058655, "activity_lines": [ 99.924576, 100.624334, 100.750524, 98.611987 ] }, { "date": "2025-11-07", "close": 108.113859, "volume": 3949220, "typical_volume": 3209753.2, "trend": 95.717528, "fair_value": 112.112188, "relative_strength": 4.372824, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.307771, "energy": 35.334729, "activity_lines": [ 102.795046, 101.727856, 101.55139, 99.483482 ] }, { "date": "2025-11-14", "close": 104.088918, "volume": 3031537, "typical_volume": 3228685.05, "trend": 96.629175, "fair_value": 111.931524, "relative_strength": 0.371651, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.237893, "energy": 41.513747, "activity_lines": [ 103.92203, 102.083408, 101.876733, 100.023572 ] }, { "date": "2025-11-21", "close": 102.243335, "volume": 2889067, "typical_volume": 3230636.45, "trend": 97.315685, "fair_value": 111.749741, "relative_strength": 0.560972, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.354989, "energy": 41.490225, "activity_lines": [ 103.828442, 102.193001, 101.968456, 100.385776 ] }, { "date": "2025-11-28", "close": 105.394569, "volume": 2308420, "typical_volume": 3163010.25, "trend": 98.032835, "fair_value": 111.618724, "relative_strength": -0.008367, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.475523, "energy": 45.893049, "activity_lines": [ 104.478323, 102.901961, 102.354219, 100.906994 ] }, { "date": "2025-12-05", "close": 105.80688, "volume": 4092853, "typical_volume": 3250596.95, "trend": 98.641981, "fair_value": 111.533527, "relative_strength": 0.094072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.477738, "energy": 35.051609, "activity_lines": [ 104.908958, 103.649833, 102.772043, 101.408545 ] }, { "date": "2025-12-12", "close": 112.330083, "volume": 3793229, "typical_volume": 3191234.8, "trend": 99.335546, "fair_value": 111.52346, "relative_strength": 6.786248, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.780941, "energy": 50.467694, "activity_lines": [ 107.309149, 105.470579, 103.790027, 102.291649 ] }, { "date": "2025-12-19", "close": 117.450373, "volume": 4919977, "typical_volume": 3230941.9, "trend": 100.378867, "fair_value": 111.562494, "relative_strength": 11.282696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.465773, "energy": 75.267614, "activity_lines": [ 111.135021, 108.036036, 105.222098, 103.460347 ] }, { "date": "2025-12-26", "close": 115.552505, "volume": 1451525, "typical_volume": 3176644.7, "trend": 101.318342, "fair_value": 111.577065, "relative_strength": 7.782725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.908746, "energy": 78.296327, "activity_lines": [ 113.437506, 109.848387, 106.346095, 104.439291 ] }, { "date": "2026-01-02", "close": 117.242794, "volume": 1307961, "typical_volume": 3106513.7, "trend": 102.351834, "fair_value": 111.561604, "relative_strength": 10.242402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.279895, "energy": 81.850102, "activity_lines": [ 115.416144, 111.642367, 107.525921, 105.466675 ] }, { "date": "2026-01-09", "close": 122.985823, "volume": 2119419, "typical_volume": 3110342.65, "trend": 103.510151, "fair_value": 111.543259, "relative_strength": 13.470398, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.69021, "energy": 88.072982, "activity_lines": [ 118.519242, 114.167835, 109.169813, 106.797901 ] }, { "date": "2026-01-16", "close": 119.644784, "volume": 2567177, "typical_volume": 3110500.1, "trend": 104.539879, "fair_value": 111.511519, "relative_strength": 10.501306, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.218902, "energy": 77.909316, "activity_lines": [ 119.363398, 115.717629, 110.413821, 107.838845 ] }, { "date": "2026-01-23", "close": 118.48827, "volume": 2359204, "typical_volume": 3113692.1, "trend": 105.424806, "fair_value": 111.448417, "relative_strength": 9.57222, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.735619, "energy": 61.281429, "activity_lines": [ 119.334403, 116.847495, 111.488542, 108.738741 ] }, { "date": "2026-01-30", "close": 115.740315, "volume": 2454240, "typical_volume": 3042062.25, "trend": 105.917256, "fair_value": 111.364071, "relative_strength": 6.403036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.046956, "energy": 51.425786, "activity_lines": [ 118.32023, 117.215927, 112.256452, 109.404257 ] }, { "date": "2026-02-06", "close": 139.325283, "volume": 4503822, "typical_volume": 3048873.45, "trend": 107.098718, "fair_value": 111.453511, "relative_strength": 27.608566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.849791, "energy": 66.735686, "activity_lines": [ 125.155192, 121.627135, 115.213197, 111.559614 ] }, { "date": "2026-02-13", "close": 136.280786, "volume": 3146974, "typical_volume": 2982294.6, "trend": 108.262203, "fair_value": 111.485493, "relative_strength": 25.73097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.226382, "energy": 78.974659, "activity_lines": [ 129.503155, 124.867876, 117.708972, 113.442328 ] }, { "date": "2026-02-20", "close": 133.19675, "volume": 1877228, "typical_volume": 2906462.6, "trend": 109.472677, "fair_value": 111.519019, "relative_strength": 20.969761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.533739, "energy": 82.922551, "activity_lines": [ 131.936776, 126.993812, 119.736278, 115.051009 ] }, { "date": "2026-02-27", "close": 129.737094, "volume": 1784260, "typical_volume": 2867049.5, "trend": 110.773505, "fair_value": 111.515437, "relative_strength": 17.911224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.433803, "energy": 81.119059, "activity_lines": [ 132.313714, 128.111325, 121.285947, 116.35839 ] }, { "date": "2026-03-06", "close": 119.544651, "volume": 2295971, "typical_volume": 2845098.45, "trend": 111.642632, "fair_value": 111.486534, "relative_strength": 10.714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.731494, "energy": 48.97138, "activity_lines": [ 128.543249, 127.152273, 121.699532, 116.924271 ] }, { "date": "2026-03-13", "close": 113.556476, "volume": 2439920, "typical_volume": 2858900.85, "trend": 112.099978, "fair_value": 111.423719, "relative_strength": 6.681545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.559455, "energy": 19.049896, "activity_lines": [ 122.523103, 125.031877, 121.438503, 117.047744 ] }, { "date": "2026-03-20", "close": 112.880071, "volume": 5393290, "typical_volume": 2934264.7, "trend": 112.334949, "fair_value": 111.33496, "relative_strength": 7.853404, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.475735, "energy": 22.583896, "activity_lines": [ 117.99541, 122.855522, 121.048711, 117.098073 ] }, { "date": "2026-03-27", "close": 117.634801, "volume": 3104602, "typical_volume": 2892033.8, "trend": 112.681947, "fair_value": 111.26773, "relative_strength": 14.542545, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.07356, "energy": 26.868203, "activity_lines": [ 116.612674, 121.727404, 121.063437, 117.439999 ] }, { "date": "2026-04-03", "close": 117.913321, "volume": 2168468, "typical_volume": 2848880.35, "trend": 112.97849, "fair_value": 111.248153, "relative_strength": 10.715326, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.996506, "energy": 20.680464, "activity_lines": [ 116.360242, 120.686472, 121.059351, 117.777507 ] }, { "date": "2026-04-10", "close": 123.941284, "volume": 2352348, "typical_volume": 2822044.4, "trend": 113.653325, "fair_value": 111.245902, "relative_strength": 11.788044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.985175, "energy": 15.07627, "activity_lines": [ 118.905382, 120.751986, 121.563526, 118.484784 ] }, { "date": "2026-04-17", "close": 124.727107, "volume": 2649533, "typical_volume": 2839100.05, "trend": 114.363844, "fair_value": 111.26535, "relative_strength": 7.280275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.438423, "energy": 18.965812, "activity_lines": [ 121.419354, 120.811269, 122.039217, 119.199221 ] }, { "date": "2026-04-24", "close": 127.641618, "volume": 2202353, "typical_volume": 2744575.05, "trend": 115.299133, "fair_value": 111.331921, "relative_strength": 8.834506, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.543233, "energy": 28.748684, "activity_lines": [ 124.160121, 121.665884, 122.700421, 120.055852 ] }, { "date": "2026-05-01", "close": 131.709995, "volume": 3625995, "typical_volume": 2736213.35, "trend": 116.286591, "fair_value": 111.448475, "relative_strength": 10.828731, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.436197, "energy": 42.598175, "activity_lines": [ 127.27291, 123.41728, 123.645115, 121.114617 ] }, { "date": "2026-05-08", "close": 138.951508, "volume": 3304461, "typical_volume": 2655437.55, "trend": 117.751366, "fair_value": 111.613569, "relative_strength": 13.814226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.392875, "energy": 72.442384, "activity_lines": [ 131.861191, 126.512346, 125.187192, 122.57687 ] }, { "date": "2026-05-15", "close": 132.018356, "volume": 2644227, "typical_volume": 2715072.65, "trend": 118.897338, "fair_value": 111.723503, "relative_strength": 7.623355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.850016, "energy": 66.842682, "activity_lines": [ 132.735876, 128.179305, 125.966582, 123.497321 ] }, { "date": "2026-05-22", "close": 139.060927, "volume": 2788345, "typical_volume": 2789091.85, "trend": 120.197891, "fair_value": 111.863569, "relative_strength": 11.91365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.750384, "energy": 70.745421, "activity_lines": [ 135.419613, 130.899937, 127.338284, 124.798198 ] }, { "date": "2026-05-29", "close": 142.363375, "volume": 3117862, "typical_volume": 2839014.0, "trend": 121.518864, "fair_value": 112.00449, "relative_strength": 12.433278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.685772, "energy": 72.135903, "activity_lines": [ 138.248577, 133.757296, 128.920609, 126.228229 ] }, { "date": "2026-06-05", "close": 141.5, "volume": 3288682, "typical_volume": 2875089.25, "trend": 122.631735, "fair_value": 112.093722, "relative_strength": 14.01361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.831449, "energy": 60.788878, "activity_lines": [ 139.8083, 135.921618, 130.328434, 127.517335 ] }, { "date": "2026-06-12", "close": 145.16, "volume": 3435326, "typical_volume": 2928895.35, "trend": 124.000771, "fair_value": 112.177104, "relative_strength": 15.689485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.624753, "energy": 67.39498, "activity_lines": [ 141.935356, 138.317482, 131.980758, 128.970771 ] }, { "date": "2026-06-19", "close": 139.75, "volume": 3257465, "typical_volume": 2969056.6, "trend": 125.250993, "fair_value": 112.265303, "relative_strength": 9.901737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.742515, "energy": 51.943904, "activity_lines": [ 141.845178, 139.234315, 132.990835, 129.98685 ] }, { "date": "2026-06-26", "close": 136.84, "volume": 4089065, "typical_volume": 2948318.75, "trend": 126.299174, "fair_value": 112.292451, "relative_strength": 9.780491, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.724262, "energy": 40.646434, "activity_lines": [ 140.269558, 139.334626, 133.609438, 130.734528 ] }, { "date": "2026-07-03", "close": 130.85, "volume": 2000718, "typical_volume": 2891005.95, "trend": 127.133945, "fair_value": 112.251119, "relative_strength": 2.605802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.677762, "energy": 24.867512, "activity_lines": [ 136.845333, 138.125612, 133.669399, 131.02813 ] }, { "date": "2026-07-10", "close": 136.14, "volume": 2119962, "typical_volume": 2903142.65, "trend": 127.927609, "fair_value": 112.234697, "relative_strength": 5.175162, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.454377, "energy": 18.851681, "activity_lines": [ 135.952, 137.820082, 134.259031, 131.609166 ] }, { "date": "2026-07-17", "close": 141.72, "volume": 2494137, "typical_volume": 2938636.5, "trend": 128.736596, "fair_value": 112.255407, "relative_strength": 10.863482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.872791, "energy": 20.780458, "activity_lines": [ 137.276, 138.448552, 135.366076, 132.498997 ] }, { "date": "2026-07-24", "close": 143.6, "volume": 1992855, "typical_volume": 2923480.7, "trend": 129.671513, "fair_value": 112.260928, "relative_strength": 12.486477, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.652632, "energy": 29.185275, "activity_lines": [ 139.456, 139.368503, 136.595107, 133.457927 ] }, { "date": "2026-07-31", "close": 130.64, "volume": 5608125, "typical_volume": 3081890.95, "trend": 130.118087, "fair_value": 112.192374, "relative_strength": 0.917527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.20571, "energy": 16.501106, "activity_lines": [ 137.059333, 137.721516, 136.475303, 133.52041 ] }, { "date": "2026-08-07", "close": 122.84, "volume": 4756283, "typical_volume": 3050040.6, "trend": 130.113226, "fair_value": 112.134218, "relative_strength": -8.43387, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.963963, "energy": 7.117855, "activity_lines": [ 132.476, 134.809455, 135.531292, 133.050856 ] } ], "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." } } }