{ "ticker": { "uuid": "10d4cfb9-e3b2-49a0-a7c9-ac30dcd295d9", "symbol": "IYT", "name": "ISHARES U.S. TRANSPORTATION ETF", "exchange": "CBOE", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 50.31, "architecture_energy": 39.936, "architecture_maturity": 64.14, "architecture_confidence": 64.714, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 19.17, "rotation_up": 46.85, "upward_expansion": 69.21, "deceleration": 60.79, "rotation_down": 25.25, "downward_expansion": 16.87 }, "activity_lines": [ 87.087333, 87.114925, 85.279043, 83.353609 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 87.23, "trend_reference": 81.258158, "distance_from_trend": 0.073492, "trend_direction": "Improving", "fair_value": 68.837107, "distance_from_fair_value": 0.267194, "fair_value_direction": "Improving", "relative_strength": 0.738108, "relative_strength_direction": "Improving", "price_momentum": 0.065831, "excess_performance": -0.059794, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073492, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.056265, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.267194, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.057229, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.007381, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.020878, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.065831, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.965581, "read": "Demand-led" } ], "volume": { "latest": 2257426, "relative_activity": 0.57068, "balance": 1.965581, "dry_up": 0.799519, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.036912, "annualized_volatility": 0.200274, "from_high_reference": -0.031423, "from_low_reference": 0.30261 }, "levels": { "trend_reference": 81.258158, "fair_value_reference": 68.837107, "structural_low": 71.911621, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": 0.005021, "positive_rate": 0.541667, "directional_follow_through": 0.541667, "median_excess_return": -0.008295, "regime_survival": 0.75, "best_return": 0.101251, "worst_return": -0.083219, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.000603, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -0.035929, "regime_survival": 0.444444, "best_return": 0.122794, "worst_return": -0.125994, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.008743, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.053874, "regime_survival": 0.5, "best_return": 0.152471, "worst_return": -0.214835, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.052416, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.068958, "regime_survival": 0.333333, "best_return": 0.178157, "worst_return": -0.183664, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2024-07-19", "tenure": "New", "return": 0.027094, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-26", "end": "2024-09-27", "tenure": "Developing", "return": 0.05699, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-10-11", "tenure": "New", "return": 0.053561, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2024-12-20", "tenure": "Developing", "return": -0.044866, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-03-14", "tenure": "Developing", "return": -0.052909, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.021368, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-30", "tenure": "Developing", "return": 0.152044, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.065318, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": 0.013947, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-10-24", "tenure": "Developing", "return": -0.007464, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": -0.004285, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2026-03-13", "tenure": "Established", "return": 0.028077, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.113164, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.081506, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 60.005817, "volume": 693830, "typical_volume": 749549.6, "trend": 56.887163, "fair_value": 56.67474, "relative_strength": 1.037743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.020409, "energy": 52.385046, "activity_lines": [ 61.657307, 61.539729, 59.504686, 58.163053 ] }, { "date": "2023-08-25", "close": 59.42129, "volume": 559668, "typical_volume": 751462.75, "trend": 57.031255, "fair_value": 56.754466, "relative_strength": -0.659066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.106393, "energy": 30.876707, "activity_lines": [ 60.707733, 61.263099, 59.662944, 58.326545 ] }, { "date": "2023-09-01", "close": 60.488897, "volume": 511628, "typical_volume": 739531.05, "trend": 57.101843, "fair_value": 56.84387, "relative_strength": -1.298545, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.749725, "energy": 26.865554, "activity_lines": [ 60.362974, 61.164902, 59.89465, 58.549618 ] }, { "date": "2023-09-08", "close": 58.389914, "volume": 498910, "typical_volume": 740648.85, "trend": 57.167728, "fair_value": 56.918064, "relative_strength": -3.386521, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.16711, "energy": 26.390547, "activity_lines": [ 59.579901, 60.627981, 59.896866, 58.63272 ] }, { "date": "2023-09-15", "close": 58.554161, "volume": 485532, "typical_volume": 716975.25, "trend": 57.241167, "fair_value": 56.989652, "relative_strength": -2.946931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.985343, "energy": 24.392639, "activity_lines": [ 59.109703, 60.156406, 59.898666, 58.722167 ] }, { "date": "2023-09-22", "close": 56.573532, "volume": 999515, "typical_volume": 732199.25, "trend": 57.30321, "fair_value": 57.052482, "relative_strength": -3.391228, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.52646, "energy": 25.220478, "activity_lines": [ 58.176875, 59.357304, 59.688055, 58.679094 ] }, { "date": "2023-09-29", "close": 56.702085, "volume": 821474, "typical_volume": 750377.05, "trend": 57.297638, "fair_value": 57.11546, "relative_strength": -2.492543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.161043, "energy": 32.164873, "activity_lines": [ 57.515717, 58.670813, 59.481416, 58.640312 ] }, { "date": "2023-10-06", "close": 56.229103, "volume": 616587, "typical_volume": 744785.85, "trend": 57.372194, "fair_value": 57.160529, "relative_strength": -3.729539, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.537341, "energy": 52.971569, "activity_lines": [ 56.878179, 58.01566, 59.216699, 58.571374 ] }, { "date": "2023-10-13", "close": 55.482034, "volume": 561727, "typical_volume": 740155.1, "trend": 57.465035, "fair_value": 57.20132, "relative_strength": -5.340379, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.618776, "energy": 64.139901, "activity_lines": [ 56.275604, 57.373403, 58.873961, 58.449428 ] }, { "date": "2023-10-20", "close": 54.676751, "volume": 563226, "typical_volume": 725997.75, "trend": 57.552659, "fair_value": 57.235702, "relative_strength": -4.401393, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.577747, "energy": 66.378358, "activity_lines": [ 55.59846, 56.708, 58.44898, 58.269539 ] }, { "date": "2023-10-27", "close": 51.228832, "volume": 890423, "typical_volume": 726258.95, "trend": 57.431268, "fair_value": 57.268644, "relative_strength": -8.032286, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -65.126895, "energy": 80.394469, "activity_lines": [ 54.030504, 55.540086, 57.699313, 57.86155 ] }, { "date": "2023-11-03", "close": 55.140031, "volume": 481273, "typical_volume": 708566.05, "trend": 57.486168, "fair_value": 57.31447, "relative_strength": -6.352093, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.661856, "energy": 63.326327, "activity_lines": [ 54.122594, 55.24288, 57.345154, 57.713728 ] }, { "date": "2023-11-10", "close": 55.416544, "volume": 331928, "typical_volume": 696210.15, "trend": 57.524196, "fair_value": 57.348981, "relative_strength": -6.962449, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.11784, "energy": 48.036467, "activity_lines": [ 54.410992, 55.073791, 57.03361, 57.580204 ] }, { "date": "2023-11-17", "close": 58.157416, "volume": 607934, "typical_volume": 697241.85, "trend": 57.628861, "fair_value": 57.39732, "relative_strength": -4.441411, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -39.589196, "energy": 32.774801, "activity_lines": [ 55.667184, 55.495267, 56.992302, 57.621057 ] }, { "date": "2023-11-24", "close": 59.069422, "volume": 237051, "typical_volume": 683311.05, "trend": 57.812493, "fair_value": 57.442699, "relative_strength": -3.79301, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.090687, "energy": 20.831371, "activity_lines": [ 57.04902, 56.08679, 57.048254, 57.713996 ] }, { "date": "2023-12-01", "close": 60.973479, "volume": 508756, "typical_volume": 639615.5, "trend": 58.017047, "fair_value": 57.495354, "relative_strength": -1.439123, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.633475, "energy": 32.368628, "activity_lines": [ 58.772697, 57.015136, 57.291625, 57.917931 ] }, { "date": "2023-12-08", "close": 61.575016, "volume": 399487, "typical_volume": 594082.25, "trend": 58.270713, "fair_value": 57.553354, "relative_strength": -0.66274, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.70212, "energy": 44.700816, "activity_lines": [ 60.047243, 57.972853, 57.594704, 58.147477 ] }, { "date": "2023-12-15", "close": 64.163078, "volume": 625288, "typical_volume": 586940.6, "trend": 58.583273, "fair_value": 57.631265, "relative_strength": 1.124406, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.188319, "energy": 69.47795, "activity_lines": [ 61.755477, 59.312529, 58.151792, 58.52763 ] }, { "date": "2023-12-22", "close": 64.293147, "volume": 538608, "typical_volume": 580793.25, "trend": 58.915823, "fair_value": 57.711094, "relative_strength": 0.435569, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.17469, "energy": 74.345273, "activity_lines": [ 62.923965, 60.531599, 58.722439, 58.896009 ] }, { "date": "2023-12-29", "close": 63.862417, "volume": 401095, "typical_volume": 566697.0, "trend": 59.196204, "fair_value": 57.788478, "relative_strength": -0.562061, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.835366, "energy": 84.550818, "activity_lines": [ 63.539828, 61.512153, 59.242391, 59.215144 ] }, { "date": "2024-01-05", "close": 62.229537, "volume": 951889, "typical_volume": 579599.95, "trend": 59.401807, "fair_value": 57.84528, "relative_strength": -1.477555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.357285, "energy": 76.506093, "activity_lines": [ 63.291864, 62.028807, 59.595667, 59.410843 ] }, { "date": "2024-01-12", "close": 62.652966, "volume": 530651, "typical_volume": 578149.1, "trend": 59.538272, "fair_value": 57.902958, "relative_strength": -2.493394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.41357, "energy": 55.536098, "activity_lines": [ 63.101307, 62.422436, 59.978679, 59.620595 ] }, { "date": "2024-01-19", "close": 62.983923, "volume": 807492, "typical_volume": 592942.3, "trend": 59.726107, "fair_value": 57.965092, "relative_strength": -2.997793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.540051, "energy": 48.333277, "activity_lines": [ 62.949205, 62.739639, 60.377822, 59.842895 ] }, { "date": "2024-01-26", "close": 64.096033, "volume": 565880, "typical_volume": 596290.8, "trend": 59.851257, "fair_value": 58.055143, "relative_strength": -2.204276, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.310507, "energy": 50.942424, "activity_lines": [ 63.246416, 63.121456, 60.871, 60.124826 ] }, { "date": "2024-02-02", "close": 64.458625, "volume": 668041, "typical_volume": 605416.25, "trend": 59.988331, "fair_value": 58.129124, "relative_strength": -2.846463, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.694387, "energy": 58.139602, "activity_lines": [ 63.677633, 63.461224, 61.371538, 60.422075 ] }, { "date": "2024-02-09", "close": 66.463832, "volume": 820405, "typical_volume": 596460.75, "trend": 60.154405, "fair_value": 58.205902, "relative_strength": -1.083281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.847026, "energy": 79.01197, "activity_lines": [ 64.737505, 64.06759, 62.034932, 60.83985 ] }, { "date": "2024-02-16", "close": 67.291223, "volume": 677060, "typical_volume": 589240.05, "trend": 60.292262, "fair_value": 58.284869, "relative_strength": 0.570181, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.70505, "energy": 89.004077, "activity_lines": [ 65.790887, 64.724565, 62.730028, 61.300289 ] }, { "date": "2024-02-23", "close": 68.434969, "volume": 429486, "typical_volume": 579885.0, "trend": 60.426458, "fair_value": 58.369751, "relative_strength": 0.677802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.413301, "energy": 91.450308, "activity_lines": [ 66.916301, 65.485564, 63.483628, 61.825625 ] }, { "date": "2024-03-01", "close": 68.568812, "volume": 514099, "typical_volume": 577503.6, "trend": 60.636691, "fair_value": 58.447333, "relative_strength": 0.022753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.334569, "energy": 91.045073, "activity_lines": [ 67.722926, 66.193226, 64.191851, 62.350939 ] }, { "date": "2024-03-08", "close": 68.274358, "volume": 1647950, "typical_volume": 631739.8, "trend": 60.861908, "fair_value": 58.508937, "relative_strength": -0.062769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.768201, "energy": 86.85859, "activity_lines": [ 68.133215, 66.769613, 64.809714, 62.843691 ] }, { "date": "2024-03-15", "close": 66.72665, "volume": 1857096, "typical_volume": 680073.45, "trend": 61.085936, "fair_value": 58.560214, "relative_strength": -2.184642, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.030867, "energy": 75.530888, "activity_lines": [ 67.773219, 66.98438, 65.215425, 63.222062 ] }, { "date": "2024-03-22", "close": 68.815675, "volume": 1997350, "typical_volume": 755877.3, "trend": 61.399082, "fair_value": 58.613434, "relative_strength": -1.304963, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.583372, "energy": 65.993885, "activity_lines": [ 68.092043, 67.497205, 65.746292, 63.720755 ] }, { "date": "2024-03-29", "close": 68.708318, "volume": 2454829, "typical_volume": 862022.35, "trend": 61.673063, "fair_value": 58.662298, "relative_strength": -1.74399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.969134, "energy": 60.702628, "activity_lines": [ 68.273451, 67.878461, 66.201812, 64.192318 ] }, { "date": "2024-04-05", "close": 67.624991, "volume": 1854154, "typical_volume": 924333.35, "trend": 61.980899, "fair_value": 58.69984, "relative_strength": -2.396892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.344394, "energy": 51.61135, "activity_lines": [ 68.075527, 67.958668, 66.490864, 64.576314 ] }, { "date": "2024-04-12", "close": 65.985361, "volume": 2353186, "typical_volume": 1030140.1, "trend": 62.228605, "fair_value": 58.72654, "relative_strength": -3.289859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.711056, "energy": 39.835524, "activity_lines": [ 67.393982, 67.676599, 66.578677, 64.834666 ] }, { "date": "2024-04-19", "close": 64.277413, "volume": 3278502, "typical_volume": 1168627.4, "trend": 62.485401, "fair_value": 58.736722, "relative_strength": -2.729461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.558494, "energy": 19.109615, "activity_lines": [ 66.29572, 67.056234, 66.470895, 64.966847 ] }, { "date": "2024-04-26", "close": 64.238374, "volume": 4286256, "typical_volume": 1362965.85, "trend": 62.736611, "fair_value": 58.740873, "relative_strength": -5.235917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.623087, "energy": 21.18282, "activity_lines": [ 65.347727, 66.468524, 66.343663, 65.079942 ] }, { "date": "2024-05-03", "close": 64.257893, "volume": 4680687, "typical_volume": 1565735.8, "trend": 63.004237, "fair_value": 58.732138, "relative_strength": -5.644344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.490544, "energy": 20.82497, "activity_lines": [ 64.711394, 65.93987, 66.205606, 65.178089 ] }, { "date": "2024-05-10", "close": 64.989871, "volume": 3435804, "typical_volume": 1710595.6, "trend": 63.321165, "fair_value": 58.729032, "relative_strength": -6.20766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.154072, "energy": 21.55714, "activity_lines": [ 64.615749, 65.620249, 66.13681, 65.306195 ] }, { "date": "2024-05-17", "close": 64.570204, "volume": 1327636, "typical_volume": 1756922.65, "trend": 63.650947, "fair_value": 58.734781, "relative_strength": -8.185092, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.420305, "energy": 19.476056, "activity_lines": [ 64.55589, 65.289397, 66.024729, 65.386778 ] }, { "date": "2024-05-24", "close": 62.364511, "volume": 3128371, "typical_volume": 1865746.75, "trend": 64.022136, "fair_value": 58.718996, "relative_strength": -11.147277, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.01518, "energy": 45.129726, "activity_lines": [ 63.855143, 64.624858, 65.699211, 65.303782 ] }, { "date": "2024-05-31", "close": 62.637782, "volume": 2213136, "typical_volume": 1949871.0, "trend": 64.272061, "fair_value": 58.712253, "relative_strength": -10.242343, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.411307, "energy": 43.82132, "activity_lines": [ 63.373013, 64.089317, 65.399076, 65.214469 ] }, { "date": "2024-06-07", "close": 62.969612, "volume": 5044046, "typical_volume": 2161698.7, "trend": 64.52383, "fair_value": 58.711278, "relative_strength": -10.702115, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.782369, "energy": 41.610915, "activity_lines": [ 63.1082, 63.726433, 65.130616, 65.13044 ] }, { "date": "2024-06-14", "close": 62.096482, "volume": 2604334, "typical_volume": 2263621.4, "trend": 64.655132, "fair_value": 58.723179, "relative_strength": -13.106424, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.091668, "energy": 50.476194, "activity_lines": [ 62.638229, 63.309139, 64.779069, 64.973837 ] }, { "date": "2024-06-21", "close": 62.889203, "volume": 1126082, "typical_volume": 2286523.45, "trend": 64.782459, "fair_value": 58.731152, "relative_strength": -12.319912, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.417214, "energy": 41.512374, "activity_lines": [ 62.62539, 63.136494, 64.512541, 64.859906 ] }, { "date": "2024-06-28", "close": 64.034244, "volume": 2014345, "typical_volume": 2346220.45, "trend": 64.884484, "fair_value": 58.744515, "relative_strength": -10.409401, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.390872, "energy": 35.339073, "activity_lines": [ 63.106299, 63.228332, 64.362537, 64.811634 ] }, { "date": "2024-07-05", "close": 63.212163, "volume": 1018942, "typical_volume": 2363314.55, "trend": 64.939056, "fair_value": 58.75799, "relative_strength": -12.894972, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.424279, "energy": 28.58522, "activity_lines": [ 63.201865, 63.175122, 64.14581, 64.703742 ] }, { "date": "2024-07-12", "close": 64.298485, "volume": 2345791, "typical_volume": 2459129.8, "trend": 64.943569, "fair_value": 58.787815, "relative_strength": -11.934542, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.690933, "energy": 18.569256, "activity_lines": [ 63.621246, 63.338083, 64.051967, 64.662415 ] }, { "date": "2024-07-19", "close": 64.924832, "volume": 2717579, "typical_volume": 2569303.8, "trend": 64.964625, "fair_value": 58.814354, "relative_strength": -8.981182, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.555664, "energy": 18.097956, "activity_lines": [ 64.160819, 63.614188, 64.037473, 64.661206 ] }, { "date": "2024-07-26", "close": 63.818937, "volume": 3721322, "typical_volume": 2672972.4, "trend": 64.963176, "fair_value": 58.844642, "relative_strength": -9.43901, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.125364, "energy": 16.26981, "activity_lines": [ 64.143203, 63.690404, 63.935007, 64.587291 ] }, { "date": "2024-08-02", "close": 61.293974, "volume": 2976196, "typical_volume": 2728927.4, "trend": 64.931991, "fair_value": 58.8561, "relative_strength": -10.790073, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.314152, "energy": 27.859615, "activity_lines": [ 63.22195, 63.321194, 63.613286, 64.350568 ] }, { "date": "2024-08-09", "close": 62.282429, "volume": 3601998, "typical_volume": 2809159.8, "trend": 64.919639, "fair_value": 58.866199, "relative_strength": -9.053012, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.203803, "energy": 29.187731, "activity_lines": [ 62.812867, 63.151168, 63.411573, 64.179629 ] }, { "date": "2024-08-16", "close": 64.092964, "volume": 1690454, "typical_volume": 2770941.05, "trend": 64.956607, "fair_value": 58.896838, "relative_strength": -9.687515, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.700025, "energy": 26.434991, "activity_lines": [ 63.069278, 63.316792, 63.413402, 64.126295 ] }, { "date": "2024-08-23", "close": 65.492459, "volume": 1838233, "typical_volume": 2770145.0, "trend": 65.003155, "fair_value": 58.9288, "relative_strength": -8.71893, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.21958, "energy": 8.253656, "activity_lines": [ 63.805888, 63.716444, 63.570495, 64.160866 ] }, { "date": "2024-08-30", "close": 65.834993, "volume": 1231958, "typical_volume": 2714083.6, "trend": 65.049034, "fair_value": 58.966948, "relative_strength": -8.228967, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.753702, "energy": 9.922223, "activity_lines": [ 64.618835, 64.11663, 63.770365, 64.214533 ] }, { "date": "2024-09-06", "close": 63.946164, "volume": 2424688, "typical_volume": 2671392.9, "trend": 64.965112, "fair_value": 59.002012, "relative_strength": -6.809955, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.594827, "energy": 15.906641, "activity_lines": [ 64.667768, 64.119833, 63.791062, 64.14338 ] }, { "date": "2024-09-13", "close": 65.384806, "volume": 1530764, "typical_volume": 2533618.3, "trend": 64.901564, "fair_value": 59.049428, "relative_strength": -8.146118, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.743312, "energy": 20.816413, "activity_lines": [ 65.019436, 64.386209, 63.95035, 64.170457 ] }, { "date": "2024-09-20", "close": 65.84478, "volume": 2507492, "typical_volume": 2424958.55, "trend": 64.815225, "fair_value": 59.091698, "relative_strength": -8.555731, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.958042, "energy": 28.66951, "activity_lines": [ 65.317604, 64.696713, 64.147987, 64.23131 ] }, { "date": "2024-09-27", "close": 67.455998, "volume": 1236770, "typical_volume": 2315006.85, "trend": 64.778131, "fair_value": 59.147691, "relative_strength": -6.613494, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.031579, "energy": 39.768508, "activity_lines": [ 66.036057, 65.272052, 64.491516, 64.401682 ] }, { "date": "2024-10-04", "close": 66.160278, "volume": 2476861, "typical_volume": 2372468.1, "trend": 64.707662, "fair_value": 59.187424, "relative_strength": -8.408806, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.182342, "energy": 36.548125, "activity_lines": [ 66.1917, 65.565785, 64.699899, 64.490853 ] }, { "date": "2024-10-11", "close": 69.703877, "volume": 1936017, "typical_volume": 2312850.4, "trend": 64.806902, "fair_value": 59.240025, "relative_strength": -4.455395, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.06944, "energy": 65.625697, "activity_lines": [ 67.506857, 66.461238, 65.238196, 64.813189 ] }, { "date": "2024-10-18", "close": 69.576268, "volume": 2493935, "typical_volume": 2326890.35, "trend": 64.832256, "fair_value": 59.281657, "relative_strength": -5.265885, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.502231, "energy": 72.071572, "activity_lines": [ 68.395631, 67.180582, 65.729391, 65.12089 ] }, { "date": "2024-10-25", "close": 68.260916, "volume": 2107181, "typical_volume": 2180047.1, "trend": 64.817342, "fair_value": 59.309025, "relative_strength": -6.043088, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.770534, "energy": 65.603578, "activity_lines": [ 68.566522, 67.528156, 66.062274, 65.342094 ] }, { "date": "2024-11-01", "close": 68.417973, "volume": 2211763, "typical_volume": 2160418.55, "trend": 64.843775, "fair_value": 59.326068, "relative_strength": -4.379258, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.121961, "energy": 66.921736, "activity_lines": [ 68.628691, 67.828505, 66.384918, 65.574393 ] }, { "date": "2024-11-08", "close": 71.833963, "volume": 4382166, "typical_volume": 2323222.75, "trend": 65.038728, "fair_value": 59.365583, "relative_strength": -4.05284, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.726928, "energy": 73.279176, "activity_lines": [ 69.765391, 68.696752, 67.002792, 66.025373 ] }, { "date": "2024-11-15", "close": 71.637642, "volume": 1736257, "typical_volume": 2309318.35, "trend": 65.284069, "fair_value": 59.410764, "relative_strength": -2.155731, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.503929, "energy": 71.706529, "activity_lines": [ 70.458405, 69.420232, 67.559374, 66.451109 ] }, { "date": "2024-11-22", "close": 72.226606, "volume": 3032667, "typical_volume": 2410004.6, "trend": 65.550344, "fair_value": 59.470037, "relative_strength": -2.815415, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.729581, "energy": 75.256027, "activity_lines": [ 71.218823, 70.110951, 68.135842, 66.899015 ] }, { "date": "2024-11-29", "close": 73.345637, "volume": 1366566, "typical_volume": 2361043.35, "trend": 65.853268, "fair_value": 59.54268, "relative_strength": -2.268701, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.024822, "energy": 80.854346, "activity_lines": [ 72.175562, 70.880734, 68.775958, 67.401937 ] }, { "date": "2024-12-06", "close": 70.283025, "volume": 2900141, "typical_volume": 2370171.45, "trend": 66.029707, "fair_value": 59.583737, "relative_strength": -6.872695, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.461638, "energy": 56.719508, "activity_lines": [ 71.772449, 70.957299, 69.081315, 67.687728 ] }, { "date": "2024-12-13", "close": 68.810615, "volume": 2393087, "typical_volume": 2303759.7, "trend": 66.171054, "fair_value": 59.624409, "relative_strength": -7.93652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.363694, "energy": 42.474889, "activity_lines": [ 70.754196, 70.714753, 69.220928, 67.867141 ] }, { "date": "2024-12-20", "close": 66.454642, "volume": 2556217, "typical_volume": 2282760.75, "trend": 66.307392, "fair_value": 59.636028, "relative_strength": -9.072402, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.881887, "energy": 15.871217, "activity_lines": [ 69.152175, 69.995661, 69.112392, 67.885437 ] }, { "date": "2024-12-27", "close": 67.133554, "volume": 926559, "typical_volume": 2148988.8, "trend": 66.457251, "fair_value": 59.64671, "relative_strength": -8.408072, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.79606, "energy": 23.030954, "activity_lines": [ 68.121991, 69.459083, 69.04394, 67.938738 ] }, { "date": "2025-01-03", "close": 67.487769, "volume": 1584656, "typical_volume": 2143698.9, "trend": 66.607856, "fair_value": 59.659457, "relative_strength": -7.148974, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.991892, "energy": 25.587709, "activity_lines": [ 67.549416, 69.031322, 68.986122, 68.005223 ] }, { "date": "2025-01-10", "close": 67.664876, "volume": 1419299, "typical_volume": 2122752.2, "trend": 66.793469, "fair_value": 59.684967, "relative_strength": -4.820644, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.130362, "energy": 22.090947, "activity_lines": [ 67.426401, 68.649819, 68.929005, 68.073418 ] }, { "date": "2025-01-17", "close": 69.534343, "volume": 1462490, "typical_volume": 2134278.8, "trend": 67.014974, "fair_value": 59.740857, "relative_strength": -4.750862, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.011744, "energy": 15.137085, "activity_lines": [ 68.101085, 68.621912, 69.039588, 68.250249 ] }, { "date": "2025-01-24", "close": 70.931524, "volume": 907663, "typical_volume": 2058427.55, "trend": 67.244883, "fair_value": 59.810516, "relative_strength": -4.24847, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.898783, "energy": 22.132907, "activity_lines": [ 69.193247, 68.889848, 69.265621, 68.502929 ] }, { "date": "2025-01-31", "close": 69.032539, "volume": 2301548, "typical_volume": 2096966.75, "trend": 67.438896, "fair_value": 59.857345, "relative_strength": -5.601072, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.544782, "energy": 20.967308, "activity_lines": [ 69.353956, 68.825354, 69.277533, 68.618262 ] }, { "date": "2025-02-07", "close": 69.947594, "volume": 2432824, "typical_volume": 2093233.35, "trend": 67.627199, "fair_value": 59.914291, "relative_strength": -3.910709, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 39.699843, "energy": 28.487557, "activity_lines": [ 69.693084, 68.985307, 69.359224, 68.780113 ] }, { "date": "2025-02-14", "close": 71.393971, "volume": 3217873, "typical_volume": 2192288.5, "trend": 67.842837, "fair_value": 59.976805, "relative_strength": -3.062641, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.157456, "energy": 43.284827, "activity_lines": [ 70.350349, 69.47002, 69.559128, 69.023131 ] }, { "date": "2025-02-21", "close": 69.052218, "volume": 1958890, "typical_volume": 2166389.95, "trend": 68.01728, "fair_value": 60.025172, "relative_strength": -4.391484, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.923062, "energy": 24.695479, "activity_lines": [ 69.978424, 69.508761, 69.517255, 69.101155 ] }, { "date": "2025-02-28", "close": 68.73736, "volume": 2082404, "typical_volume": 2173709.3, "trend": 68.265393, "fair_value": 60.073115, "relative_strength": -3.60099, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.152215, "energy": 19.069575, "activity_lines": [ 69.533687, 69.485862, 69.431625, 69.147612 ] }, { "date": "2025-03-07", "close": 67.300822, "volume": 1925352, "typical_volume": 2145280.15, "trend": 68.432673, "fair_value": 60.121549, "relative_strength": -2.33711, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.186609, "energy": 3.866053, "activity_lines": [ 68.756383, 69.160271, 69.213784, 69.085382 ] }, { "date": "2025-03-14", "close": 63.581566, "volume": 2183745, "typical_volume": 2149108.35, "trend": 68.415626, "fair_value": 60.1214, "relative_strength": -5.293218, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -48.3629, "energy": 43.777007, "activity_lines": [ 66.854774, 68.15541, 68.652564, 68.772407 ] }, { "date": "2025-03-21", "close": 64.216038, "volume": 2229068, "typical_volume": 2149973.6, "trend": 68.373079, "fair_value": 60.123629, "relative_strength": -4.528173, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.742244, "energy": 63.381872, "activity_lines": [ 65.589057, 67.336929, 68.174052, 68.501466 ] }, { "date": "2025-03-28", "close": 62.843858, "volume": 1232150, "typical_volume": 1992472.8, "trend": 68.273374, "fair_value": 60.131383, "relative_strength": -4.863593, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.458969, "energy": 80.838164, "activity_lines": [ 64.344476, 66.331668, 67.584866, 68.144742 ] }, { "date": "2025-04-04", "close": 56.032318, "volume": 2527239, "typical_volume": 2032021.9, "trend": 68.009579, "fair_value": 60.123599, "relative_strength": -6.39657, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.639827, "energy": 92.012822, "activity_lines": [ 61.243273, 64.209589, 66.389771, 67.354997 ] }, { "date": "2025-04-11", "close": 58.391678, "volume": 1940126, "typical_volume": 1977394.85, "trend": 67.776475, "fair_value": 60.121563, "relative_strength": -7.368568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.340481, "energy": 84.9415, "activity_lines": [ 59.775525, 62.78738, 65.493689, 66.734487 ] }, { "date": "2025-04-18", "close": 58.875396, "volume": 1045391, "typical_volume": 1961336.1, "trend": 67.544162, "fair_value": 60.124135, "relative_strength": -4.961518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.214229, "energy": 82.219075, "activity_lines": [ 59.06296, 61.64659, 64.709555, 66.160224 ] }, { "date": "2025-04-25", "close": 59.043216, "volume": 1887505, "typical_volume": 1910704.3, "trend": 67.263736, "fair_value": 60.133049, "relative_strength": -8.574293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.19865, "energy": 73.580836, "activity_lines": [ 58.720079, 60.737625, 64.01031, 65.611776 ] }, { "date": "2025-05-02", "close": 62.197255, "volume": 1848086, "typical_volume": 1883454.25, "trend": 67.131635, "fair_value": 60.168025, "relative_strength": -6.159927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.318175, "energy": 49.55447, "activity_lines": [ 59.7734, 60.626681, 63.664973, 65.284906 ] }, { "date": "2025-05-09", "close": 62.508217, "volume": 3189497, "typical_volume": 1915118.25, "trend": 66.89178, "fair_value": 60.213959, "relative_strength": -5.042762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.437503, "energy": 34.66985, "activity_lines": [ 60.973482, 60.696911, 63.380744, 64.986621 ] }, { "date": "2025-05-16", "close": 67.532962, "volume": 4635786, "typical_volume": 2100579.6, "trend": 66.82367, "fair_value": 60.310518, "relative_strength": -2.4065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.632251, "energy": 17.791351, "activity_lines": [ 63.416751, 61.793989, 63.593854, 65.027987 ] }, { "date": "2025-05-23", "close": 64.383858, "volume": 1263524, "typical_volume": 2084523.0, "trend": 66.694434, "fair_value": 60.366298, "relative_strength": -4.404867, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.147212, "energy": 24.427868, "activity_lines": [ 64.200901, 62.314281, 63.505147, 64.87058 ] }, { "date": "2025-05-30", "close": 64.551679, "volume": 1077600, "typical_volume": 2067438.05, "trend": 66.565558, "fair_value": 60.424007, "relative_strength": -5.659554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.940157, "energy": 22.298015, "activity_lines": [ 64.67376, 62.850499, 63.447204, 64.732338 ] }, { "date": "2025-06-06", "close": 65.637577, "volume": 1342137, "typical_volume": 2061420.4, "trend": 66.359012, "fair_value": 60.512944, "relative_strength": -5.479187, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.620838, "energy": 17.153804, "activity_lines": [ 65.141354, 63.578051, 63.507505, 64.672468 ] }, { "date": "2025-06-13", "close": 64.423346, "volume": 2278593, "typical_volume": 2129966.9, "trend": 66.118535, "fair_value": 60.608278, "relative_strength": -6.772285, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.193801, "energy": 12.942997, "activity_lines": [ 64.97485, 64.034038, 63.470721, 64.547586 ] }, { "date": "2025-06-20", "close": 64.402134, "volume": 1648381, "typical_volume": 2097308.55, "trend": 65.85772, "fair_value": 60.68638, "relative_strength": -6.520473, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.944651, "energy": 10.425341, "activity_lines": [ 64.6736, 64.333604, 63.462907, 64.436851 ] }, { "date": "2025-06-27", "close": 67.737545, "volume": 2953950, "typical_volume": 2123364.85, "trend": 65.670783, "fair_value": 60.791755, "relative_strength": -4.836226, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.799318, "energy": 19.812157, "activity_lines": [ 65.692875, 65.130328, 63.794802, 64.55813 ] }, { "date": "2025-07-04", "close": 69.924862, "volume": 2017813, "typical_volume": 2063361.85, "trend": 65.658844, "fair_value": 60.910327, "relative_strength": -3.344497, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.22293, "energy": 45.384115, "activity_lines": [ 67.217677, 66.163616, 64.345536, 64.832587 ] }, { "date": "2025-07-11", "close": 70.964085, "volume": 2115184, "typical_volume": 2071176.55, "trend": 65.730627, "fair_value": 61.037942, "relative_strength": -1.597324, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.687649, "energy": 60.80452, "activity_lines": [ 68.730675, 67.188005, 65.00224, 65.17486 ] }, { "date": "2025-07-18", "close": 69.469584, "volume": 1715703, "typical_volume": 2052841.5, "trend": 65.831125, "fair_value": 61.143337, "relative_strength": -4.133446, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.432043, "energy": 62.991953, "activity_lines": [ 69.390405, 67.78127, 65.507506, 65.416083 ] }, { "date": "2025-07-25", "close": 70.508807, "volume": 1747715, "typical_volume": 2043959.65, "trend": 65.943633, "fair_value": 61.239785, "relative_strength": -4.025333, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.697919, "energy": 67.430149, "activity_lines": [ 70.060126, 68.436915, 66.108259, 65.717869 ] }, { "date": "2025-08-01", "close": 65.936225, "volume": 5138240, "typical_volume": 2191684.4, "trend": 65.891915, "fair_value": 61.297084, "relative_strength": -7.869471, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.586117, "energy": 43.115134, "activity_lines": [ 68.798542, 68.207074, 66.258252, 65.717391 ] }, { "date": "2025-08-08", "close": 67.38124, "volume": 2999863, "typical_volume": 2230224.15, "trend": 65.882461, "fair_value": 61.35009, "relative_strength": -7.941642, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.035067, "energy": 19.573267, "activity_lines": [ 68.138718, 68.211739, 66.534653, 65.813477 ] }, { "date": "2025-08-15", "close": 69.796197, "volume": 2009354, "typical_volume": 2269084.35, "trend": 65.891189, "fair_value": 61.426652, "relative_strength": -5.433999, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 54.393575, "energy": 32.031531, "activity_lines": [ 68.453455, 68.60404, 67.025977, 66.065976 ] }, { "date": "2025-08-22", "close": 71.953822, "volume": 2846380, "typical_volume": 2285041.4, "trend": 65.925266, "fair_value": 61.528753, "relative_strength": -2.687899, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.342984, "energy": 42.196026, "activity_lines": [ 69.565258, 69.313025, 67.689683, 66.457113 ] }, { "date": "2025-08-29", "close": 70.583037, "volume": 1742083, "typical_volume": 2275139.25, "trend": 65.976949, "fair_value": 61.633561, "relative_strength": -4.361678, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.277463, "energy": 51.064704, "activity_lines": [ 70.054518, 69.635859, 68.147022, 66.757615 ] }, { "date": "2025-09-05", "close": 69.627942, "volume": 999717, "typical_volume": 2272855.55, "trend": 65.966294, "fair_value": 61.720509, "relative_strength": -5.781296, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.225264, "energy": 59.175079, "activity_lines": [ 70.220464, 69.67266, 68.455345, 66.993163 ] }, { "date": "2025-09-12", "close": 70.013939, "volume": 2530942, "typical_volume": 2305027.4, "trend": 65.920293, "fair_value": 61.84014, "relative_strength": -6.546944, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.426797, "energy": 54.337685, "activity_lines": [ 70.268961, 69.74527, 68.749226, 67.254301 ] }, { "date": "2025-09-19", "close": 70.830518, "volume": 2526113, "typical_volume": 2338928.75, "trend": 65.979569, "fair_value": 61.986072, "relative_strength": -6.444468, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.085602, "energy": 40.812729, "activity_lines": [ 70.414138, 69.96473, 69.068636, 67.57109 ] }, { "date": "2025-09-26", "close": 71.148188, "volume": 2182766, "typical_volume": 2288592.2, "trend": 66.05993, "fair_value": 62.141041, "relative_strength": -5.567448, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.503045, "energy": 40.945676, "activity_lines": [ 70.59625, 70.244377, 69.377189, 67.904549 ] }, { "date": "2025-10-03", "close": 71.704111, "volume": 2070942, "typical_volume": 2160350.0, "trend": 66.206707, "fair_value": 62.294274, "relative_strength": -5.725788, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.228921, "energy": 44.404597, "activity_lines": [ 71.017379, 70.594581, 69.697545, 68.26869 ] }, { "date": "2025-10-10", "close": 68.934424, "volume": 2529697, "typical_volume": 2223658.65, "trend": 66.385135, "fair_value": 62.429201, "relative_strength": -6.865612, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.591129, "energy": 34.184178, "activity_lines": [ 70.44054, 70.419472, 69.734258, 68.444672 ] }, { "date": "2025-10-17", "close": 70.43343, "volume": 1778531, "typical_volume": 2258705.2, "trend": 66.592382, "fair_value": 62.568973, "relative_strength": -6.239067, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.763528, "energy": 27.887853, "activity_lines": [ 70.409605, 70.462397, 69.892065, 68.705852 ] }, { "date": "2025-10-24", "close": 70.056197, "volume": 4144680, "typical_volume": 2398832.35, "trend": 66.832793, "fair_value": 62.692003, "relative_strength": -8.264448, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.497363, "energy": 22.432011, "activity_lines": [ 70.224959, 70.38124, 69.985936, 68.929324 ] }, { "date": "2025-10-31", "close": 71.823237, "volume": 2324155, "typical_volume": 2401110.45, "trend": 67.359157, "fair_value": 62.828582, "relative_strength": -6.358954, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.488105, "energy": 29.994573, "activity_lines": [ 70.680948, 70.616636, 70.227055, 69.251288 ] }, { "date": "2025-11-07", "close": 71.515494, "volume": 4251506, "typical_volume": 2531266.7, "trend": 67.796617, "fair_value": 62.935614, "relative_strength": -4.976076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.276585, "energy": 33.787724, "activity_lines": [ 70.989353, 70.798452, 70.403628, 69.519439 ] }, { "date": "2025-11-14", "close": 70.880154, "volume": 2028769, "typical_volume": 2485007.65, "trend": 68.196776, "fair_value": 63.044716, "relative_strength": -5.65892, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.268587, "energy": 31.265484, "activity_lines": [ 71.098552, 70.847799, 70.48582, 69.718377 ] }, { "date": "2025-11-21", "close": 69.520128, "volume": 3872993, "typical_volume": 2577766.65, "trend": 68.546006, "fair_value": 63.140382, "relative_strength": -5.376911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.385953, "energy": 21.002287, "activity_lines": [ 70.624694, 70.627101, 70.42352, 69.803754 ] }, { "date": "2025-11-28", "close": 72.44865, "volume": 1764945, "typical_volume": 2560254.7, "trend": 68.88772, "fair_value": 63.250148, "relative_strength": -4.623187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.181752, "energy": 31.380406, "activity_lines": [ 71.187897, 70.947839, 70.642055, 70.055538 ] }, { "date": "2025-12-05", "close": 75.238191, "volume": 3775092, "typical_volume": 2663224.15, "trend": 69.312052, "fair_value": 63.393069, "relative_strength": -1.158109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.713031, "energy": 51.673619, "activity_lines": [ 72.521449, 71.746346, 71.11919, 70.465245 ] }, { "date": "2025-12-12", "close": 75.823896, "volume": 2868279, "typical_volume": 2719252.35, "trend": 69.588417, "fair_value": 63.542227, "relative_strength": 0.255827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.692077, "energy": 68.287145, "activity_lines": [ 73.822574, 72.576982, 71.624638, 70.885364 ] }, { "date": "2025-12-19", "close": 74.630846, "volume": 3065953, "typical_volume": 2615638.0, "trend": 69.929983, "fair_value": 63.687336, "relative_strength": -1.371191, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.221219, "energy": 71.228155, "activity_lines": [ 74.438788, 73.115794, 71.991152, 71.210682 ] }, { "date": "2025-12-26", "close": 74.988931, "volume": 822083, "typical_volume": 2506749.0, "trend": 70.277891, "fair_value": 63.839586, "relative_strength": -2.200039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.17856, "energy": 72.85805, "activity_lines": [ 74.924317, 73.616141, 72.350366, 71.537066 ] }, { "date": "2026-01-02", "close": 74.919303, "volume": 681661, "typical_volume": 2440364.35, "trend": 70.587282, "fair_value": 63.977085, "relative_strength": -1.172476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.888113, "energy": 66.295596, "activity_lines": [ 75.022051, 74.021001, 72.666722, 71.836512 ] }, { "date": "2026-01-09", "close": 77.575099, "volume": 2724822, "typical_volume": 2434286.45, "trend": 71.025674, "fair_value": 64.118921, "relative_strength": 0.831455, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.700868, "energy": 69.528007, "activity_lines": [ 75.840339, 74.820313, 73.211615, 72.287339 ] }, { "date": "2026-01-16", "close": 77.38611, "volume": 3839577, "typical_volume": 2539161.15, "trend": 71.458473, "fair_value": 64.26179, "relative_strength": 1.038617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.388167, "energy": 70.193848, "activity_lines": [ 76.439838, 75.480684, 73.711741, 72.69769 ] }, { "date": "2026-01-23", "close": 76.461057, "volume": 2511404, "typical_volume": 2614745.5, "trend": 71.749257, "fair_value": 64.398729, "relative_strength": 0.306454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.287888, "energy": 58.955206, "activity_lines": [ 76.626837, 75.866125, 74.091371, 73.020437 ] }, { "date": "2026-01-30", "close": 76.162653, "volume": 1816522, "typical_volume": 2579024.5, "trend": 71.957183, "fair_value": 64.512776, "relative_strength": -0.377006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.474, "energy": 54.411306, "activity_lines": [ 76.592355, 76.09584, 74.410043, 73.305172 ] }, { "date": "2026-02-06", "close": 81.842276, "volume": 7129025, "typical_volume": 2809170.1, "trend": 72.31979, "fair_value": 64.675782, "relative_strength": 7.248072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.007018, "energy": 71.237542, "activity_lines": [ 78.372832, 77.23744, 75.240352, 73.94292 ] }, { "date": "2026-02-13", "close": 79.484885, "volume": 4176665, "typical_volume": 2908865.05, "trend": 72.653633, "fair_value": 64.824076, "relative_strength": 5.54857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.252812, "energy": 55.222948, "activity_lines": [ 78.905981, 77.779631, 75.793711, 74.405184 ] }, { "date": "2026-02-20", "close": 81.961638, "volume": 1930545, "typical_volume": 2901845.2, "trend": 73.035394, "fair_value": 64.998752, "relative_strength": 7.579416, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.480685, "energy": 76.316439, "activity_lines": [ 80.137395, 78.694928, 76.543252, 75.005701 ] }, { "date": "2026-02-27", "close": 81.344936, "volume": 2051332, "typical_volume": 2877926.95, "trend": 73.549018, "fair_value": 65.155648, "relative_strength": 7.276596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.263691, "energy": 79.739469, "activity_lines": [ 80.858206, 79.386502, 77.185215, 75.5418 ] }, { "date": "2026-03-06", "close": 76.043291, "volume": 5592071, "typical_volume": 3068603.95, "trend": 73.837753, "fair_value": 65.296999, "relative_strength": 2.406183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.074241, "energy": 46.985047, "activity_lines": [ 79.486211, 78.992066, 77.263161, 75.702721 ] }, { "date": "2026-03-13", "close": 72.870262, "volume": 4336322, "typical_volume": 3078186.05, "trend": 73.940222, "fair_value": 65.426316, "relative_strength": -0.297745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.977911, "energy": 15.688324, "activity_lines": [ 77.064496, 78.001545, 77.0122, 75.640303 ] }, { "date": "2026-03-20", "close": 72.949768, "volume": 2934190, "typical_volume": 3108687.8, "trend": 73.97342, "fair_value": 65.560302, "relative_strength": 1.688389, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.655337, "energy": 19.585707, "activity_lines": [ 75.267418, 77.062736, 76.755412, 75.576402 ] }, { "date": "2026-03-27", "close": 72.36082, "volume": 2837072, "typical_volume": 3037966.1, "trend": 74.032679, "fair_value": 65.672419, "relative_strength": 3.175798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.170009, "energy": 35.020673, "activity_lines": [ 73.709698, 76.100941, 76.437168, 75.472364 ] }, { "date": "2026-04-03", "close": 75.145848, "volume": 14556941, "typical_volume": 3664374.7, "trend": 74.216609, "fair_value": 65.811219, "relative_strength": 3.55155, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.761146, "energy": 29.607671, "activity_lines": [ 73.720376, 75.736885, 76.38014, 75.544181 ] }, { "date": "2026-04-10", "close": 77.232123, "volume": 3517669, "typical_volume": 3646608.5, "trend": 74.457215, "fair_value": 65.958375, "relative_strength": 2.670727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.640677, "energy": 17.608192, "activity_lines": [ 74.839751, 75.776064, 76.501491, 75.73873 ] }, { "date": "2026-04-17", "close": 81.724104, "volume": 2689340, "typical_volume": 3692828.25, "trend": 74.820335, "fair_value": 66.129572, "relative_strength": 3.913328, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.740718, "energy": 25.060043, "activity_lines": [ 77.377198, 76.612522, 77.013927, 76.207562 ] }, { "date": "2026-04-24", "close": 81.205031, "volume": 5966761, "typical_volume": 3802411.7, "trend": 75.155563, "fair_value": 66.306781, "relative_strength": 2.60957, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.295208, "energy": 38.409305, "activity_lines": [ 79.151364, 77.356752, 77.432758, 76.619478 ] }, { "date": "2026-05-01", "close": 80.656011, "volume": 3243422, "typical_volume": 3821168.85, "trend": 75.45396, "fair_value": 66.472288, "relative_strength": 0.950771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.906229, "energy": 46.398998, "activity_lines": [ 80.192172, 77.969884, 77.770889, 76.974345 ] }, { "date": "2026-05-08", "close": 80.636046, "volume": 3859191, "typical_volume": 3860830.75, "trend": 75.844014, "fair_value": 66.643256, "relative_strength": -1.349705, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.620744, "energy": 58.872766, "activity_lines": [ 80.673313, 78.603126, 78.084107, 77.308673 ] }, { "date": "2026-05-15", "close": 79.927312, "volume": 3392359, "typical_volume": 3989344.55, "trend": 76.160477, "fair_value": 66.804416, "relative_strength": -2.306089, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.18054, "energy": 56.587242, "activity_lines": [ 80.552196, 79.120395, 78.301231, 77.572112 ] }, { "date": "2026-05-22", "close": 81.304852, "volume": 2054894, "typical_volume": 4058006.2, "trend": 76.535432, "fair_value": 66.977418, "relative_strength": -1.426214, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.892727, "energy": 42.98521, "activity_lines": [ 80.71058, 79.817508, 78.626034, 77.904007 ] }, { "date": "2026-05-29", "close": 83.650665, "volume": 3197289, "typical_volume": 4081629.55, "trend": 76.929679, "fair_value": 67.158185, "relative_strength": -0.031944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.460315, "energy": 46.913307, "activity_lines": [ 81.678851, 80.787776, 79.143839, 78.363054 ] }, { "date": "2026-06-05", "close": 84.459221, "volume": 1942054, "typical_volume": 3986753.4, "trend": 77.361137, "fair_value": 67.340222, "relative_strength": 3.458305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.56749, "energy": 59.214322, "activity_lines": [ 82.753599, 81.710492, 79.709719, 78.848831 ] }, { "date": "2026-06-12", "close": 86.355835, "volume": 3774026, "typical_volume": 4049884.5, "trend": 77.876993, "fair_value": 67.518407, "relative_strength": 5.049869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.027162, "energy": 74.105922, "activity_lines": [ 84.207005, 82.758076, 80.422547, 79.429134 ] }, { "date": "2026-06-19", "close": 83.94, "volume": 3795953, "typical_volume": 4148856.05, "trend": 78.357655, "fair_value": 67.688863, "relative_strength": 1.121103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.965084, "energy": 67.913571, "activity_lines": [ 84.473812, 83.1626, 80.858178, 79.820296 ] }, { "date": "2026-06-26", "close": 87.18, "volume": 6844232, "typical_volume": 4134616.4, "trend": 78.8487, "fair_value": 67.860904, "relative_strength": 7.42883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.074274, "energy": 73.475018, "activity_lines": [ 85.553107, 84.034253, 81.565345, 80.38948 ] }, { "date": "2026-07-03", "close": 87.99, "volume": 1719013, "typical_volume": 4011733.8, "trend": 79.273761, "fair_value": 68.038107, "relative_strength": 6.035027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.26108, "energy": 74.391966, "activity_lines": [ 86.510726, 84.953981, 82.324237, 80.979241 ] }, { "date": "2026-07-10", "close": 88.12, "volume": 3072756, "typical_volume": 4068844.35, "trend": 79.683631, "fair_value": 68.208865, "relative_strength": 4.730956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.641025, "energy": 69.099118, "activity_lines": [ 87.222389, 85.773982, 83.055009, 81.549966 ] }, { "date": "2026-07-17", "close": 89.21, "volume": 3269530, "typical_volume": 4129754.25, "trend": 80.169603, "fair_value": 68.375881, "relative_strength": 7.539313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.406062, "energy": 80.02112, "activity_lines": [ 88.053333, 86.656456, 83.860266, 82.164571 ] }, { "date": "2026-07-24", "close": 88.02, "volume": 3374055, "typical_volume": 4018853.45, "trend": 80.603972, "fair_value": 68.527233, "relative_strength": 6.598197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.023501, "energy": 72.497292, "activity_lines": [ 88.297333, 87.166676, 84.514736, 82.671048 ] }, { "date": "2026-07-31", "close": 84.89, "volume": 3749543, "typical_volume": 3989514.5, "trend": 80.936328, "fair_value": 68.672286, "relative_strength": 1.580764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.311707, "energy": 47.283704, "activity_lines": [ 87.226, 86.960666, 84.81408, 82.947566 ] }, { "date": "2026-08-07", "close": 87.23, "volume": 2257426, "typical_volume": 3955676.3, "trend": 81.258158, "fair_value": 68.837107, "relative_strength": 0.738108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.309836, "energy": 39.936499, "activity_lines": [ 87.087333, 87.114925, 85.279043, 83.353609 ] } ], "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." } } }