{ "ticker": { "uuid": "1268e68a-9800-4430-8bd0-09196298e76a", "symbol": "PSH", "name": "Pershing Square Holdings, Ltd.", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -47.064, "architecture_energy": 36.564, "architecture_maturity": 69.003, "architecture_confidence": 59.521, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 29.55, "rotation_up": 23.95, "upward_expansion": 15.94, "deceleration": 63.7, "rotation_down": 44.16, "downward_expansion": 65.94 }, "activity_lines": [ 3830.133333, 3824.509091, 3912.432306, 3979.104665 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 3912.0, "trend_reference": 4101.934383, "distance_from_trend": -0.046304, "trend_direction": "Weakening", "fair_value": 3933.458906, "distance_from_fair_value": -0.005455, "fair_value_direction": "Weakening", "relative_strength": -17.309093, "relative_strength_direction": "Weakening", "price_momentum": -0.130979, "excess_performance": -0.182214, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.046304, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.073231, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.005455, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.082733, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.173091, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.065052, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.130979, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.381705, "read": "Demand-led" } ], "volume": { "latest": 919294, "relative_activity": 1.437833, "balance": 1.381705, "dry_up": 1.369143, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.039628, "annualized_volatility": 0.252465, "from_high_reference": -0.232123, "from_low_reference": 0.074135 }, "levels": { "trend_reference": 4101.934383, "fair_value_reference": 3933.458906, "structural_low": 3642.0, "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": 16, "median_return": 0.00897, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.010483, "regime_survival": 0.75, "best_return": 0.092369, "worst_return": -0.054582, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.09732, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.060948, "regime_survival": 0.333333, "best_return": 0.131355, "worst_return": -0.080363, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.160307, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.122897, "regime_survival": 0.0, "best_return": 0.220732, "worst_return": 0.090988, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.154886, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.063347, "regime_survival": 0.333333, "best_return": 0.505312, "worst_return": 0.112995, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-08-23", "tenure": "New", "return": 0.021929, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-11-29", "tenure": "Established", "return": 0.006991, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2024-12-13", "tenure": "New", "return": 0.02961, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-20", "end": "2025-01-24", "tenure": "Developing", "return": 0.126282, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-14", "tenure": "Developing", "return": -0.149898, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.102714, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.084034, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-16", "end": "2025-05-30", "tenure": "New", "return": 0.030542, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.071429, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": 0.01014, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-01-16", "tenure": "Established", "return": 0.08205, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": -0.010549, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-13", "end": "2026-03-06", "tenure": "New", "return": -0.099864, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-08-07", "tenure": "Established", "return": -0.058215, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2896.864014, "volume": 746176, "typical_volume": 682609.65, "trend": 2844.821729, "fair_value": 2685.738654, "relative_strength": 5.442038, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.267014, "energy": 52.303741, "activity_lines": [ 2951.440756, 2924.006881, 2865.024213, 2846.344557 ] }, { "date": "2023-08-25", "close": 2990.826904, "volume": 952491, "typical_volume": 706550.9, "trend": 2848.064193, "fair_value": 2692.004535, "relative_strength": 7.530545, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.324068, "energy": 45.078012, "activity_lines": [ 2961.597445, 2942.779439, 2880.848833, 2855.764246 ] }, { "date": "2023-09-01", "close": 3008.819824, "volume": 491670, "typical_volume": 702143.05, "trend": 2847.741829, "fair_value": 2698.065506, "relative_strength": 6.255558, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.545687, "energy": 43.650899, "activity_lines": [ 2976.012272, 2961.2231, 2897.234189, 2866.135577 ] }, { "date": "2023-09-08", "close": 3044.806152, "volume": 957259, "typical_volume": 717887.8, "trend": 2852.117244, "fair_value": 2703.716659, "relative_strength": 7.24097, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.110518, "energy": 46.970058, "activity_lines": [ 2999.616829, 2980.646582, 2915.951049, 2878.849404 ] }, { "date": "2023-09-15", "close": 3026.812988, "volume": 1324029, "typical_volume": 751064.95, "trend": 2853.723804, "fair_value": 2710.181199, "relative_strength": 3.381883, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.283983, "energy": 57.040878, "activity_lines": [ 3014.551123, 2993.234544, 2931.753782, 2890.120097 ] }, { "date": "2023-09-22", "close": 2998.823975, "volume": 1213001, "typical_volume": 789561.45, "trend": 2857.062826, "fair_value": 2716.760952, "relative_strength": 2.829091, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.34941, "energy": 50.71636, "activity_lines": [ 3016.283789, 2997.569407, 2943.614251, 2899.481399 ] }, { "date": "2023-09-29", "close": 2982.830078, "volume": 888066, "typical_volume": 817892.05, "trend": 2858.202832, "fair_value": 2722.719371, "relative_strength": 3.296483, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.502688, "energy": 41.105792, "activity_lines": [ 3005.887825, 2996.777166, 2952.570146, 2907.595415 ] }, { "date": "2023-10-06", "close": 2936.848145, "volume": 775880, "typical_volume": 830860.85, "trend": 2861.64165, "fair_value": 2727.710517, "relative_strength": 3.228632, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.569072, "energy": 26.312187, "activity_lines": [ 2980.697673, 2987.295561, 2955.927302, 2912.669306 ] }, { "date": "2023-10-13", "close": 2960.839111, "volume": 734461, "typical_volume": 842537.7, "trend": 2868.21241, "fair_value": 2732.439118, "relative_strength": 2.582004, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.74177, "energy": 18.199512, "activity_lines": [ 2968.30262, 2982.719331, 2960.588294, 2919.069142 ] }, { "date": "2023-10-20", "close": 2898.863281, "volume": 1202569, "typical_volume": 882172.8, "trend": 2872.217554, "fair_value": 2736.546268, "relative_strength": 3.158742, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.003704, "energy": 16.581517, "activity_lines": [ 2940.846761, 2967.672567, 2958.57524, 2921.046618 ] }, { "date": "2023-10-27", "close": 2868.875, "volume": 1094709, "typical_volume": 906252.45, "trend": 2873.723779, "fair_value": 2741.678132, "relative_strength": 3.643353, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.059705, "energy": 12.083169, "activity_lines": [ 2911.924788, 2948.443759, 2953.182094, 2920.830969 ] }, { "date": "2023-11-03", "close": 2954.841309, "volume": 723086, "typical_volume": 902143.35, "trend": 2880.594385, "fair_value": 2746.464365, "relative_strength": 4.902208, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.526679, "energy": 12.050962, "activity_lines": [ 2920.321517, 2945.354079, 2955.575915, 2926.064358 ] }, { "date": "2023-11-10", "close": 2974.833496, "volume": 493952, "typical_volume": 878243.1, "trend": 2887.131869, "fair_value": 2750.994452, "relative_strength": 6.409766, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.560457, "energy": 11.402771, "activity_lines": [ 2937.248226, 2946.553627, 2959.102168, 2932.144301 ] }, { "date": "2023-11-17", "close": 3100.887207, "volume": 939514, "typical_volume": 887915.2, "trend": 2897.404679, "fair_value": 2756.492062, "relative_strength": 8.680545, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.668549, "energy": 26.669374, "activity_lines": [ 2993.660482, 2971.289964, 2973.338361, 2945.934968 ] }, { "date": "2023-11-24", "close": 3188.855713, "volume": 893255, "typical_volume": 888823.9, "trend": 2911.742611, "fair_value": 2761.304542, "relative_strength": 11.796519, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.931854, "energy": 61.802182, "activity_lines": [ 3070.059033, 3011.000919, 2994.752017, 2964.73826 ] }, { "date": "2023-12-01", "close": 3132.875488, "volume": 997575, "typical_volume": 895915.0, "trend": 2925.880412, "fair_value": 2765.437912, "relative_strength": 9.083172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.502356, "energy": 65.032206, "activity_lines": [ 3108.464681, 3037.58742, 3009.233875, 2979.004898 ] }, { "date": "2023-12-08", "close": 3258.830322, "volume": 988605, "typical_volume": 897866.45, "trend": 2943.616976, "fair_value": 2770.891104, "relative_strength": 12.805265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.809777, "energy": 76.956851, "activity_lines": [ 3171.255241, 3084.6375, 3034.491892, 3000.485537 ] }, { "date": "2023-12-15", "close": 3406.777588, "volume": 1365614, "typical_volume": 929175.9, "trend": 2966.148413, "fair_value": 2777.324704, "relative_strength": 17.233159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.665182, "energy": 83.040663, "activity_lines": [ 3263.095622, 3153.568896, 3072.439668, 3030.366867 ] }, { "date": "2023-12-22", "close": 3528.733398, "volume": 1149014, "typical_volume": 941692.45, "trend": 2990.479329, "fair_value": 2784.379939, "relative_strength": 19.090216, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.550786, "energy": 88.474204, "activity_lines": [ 3366.791666, 3236.129905, 3119.906838, 3066.662672 ] }, { "date": "2023-12-29", "close": 3582.714111, "volume": 431589, "typical_volume": 918125.75, "trend": 3016.942806, "fair_value": 2790.916488, "relative_strength": 19.920662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.966505, "energy": 92.069967, "activity_lines": [ 3459.958203, 3318.180238, 3170.019717, 3104.871368 ] }, { "date": "2024-01-05", "close": 3478.751465, "volume": 792420, "typical_volume": 920437.95, "trend": 3040.074129, "fair_value": 2796.050003, "relative_strength": 16.660067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.231686, "energy": 84.326672, "activity_lines": [ 3492.213297, 3368.89462, 3207.307675, 3134.665475 ] }, { "date": "2024-01-12", "close": 3598.708496, "volume": 1099884, "typical_volume": 927807.6, "trend": 3066.937467, "fair_value": 2801.984505, "relative_strength": 21.164035, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.143455, "energy": 86.494308, "activity_lines": [ 3541.39567, 3430.330708, 3253.24922, 3170.706402 ] }, { "date": "2024-01-19", "close": 3618.700928, "volume": 955245, "typical_volume": 950986.35, "trend": 3097.465942, "fair_value": 2808.175268, "relative_strength": 23.822161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.153616, "energy": 79.8251, "activity_lines": [ 3574.583643, 3483.695108, 3298.200131, 3206.304044 ] }, { "date": "2024-01-26", "close": 3676.68042, "volume": 1087106, "typical_volume": 957478.7, "trend": 3125.062484, "fair_value": 2816.339014, "relative_strength": 22.29813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.884415, "energy": 72.759105, "activity_lines": [ 3612.969889, 3535.894553, 3345.768703, 3243.67272 ] }, { "date": "2024-02-02", "close": 3826.626709, "volume": 1009689, "typical_volume": 941761.7, "trend": 3157.52395, "fair_value": 2824.407083, "relative_strength": 26.866914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.364561, "energy": 87.672848, "activity_lines": [ 3691.475098, 3604.887993, 3404.608949, 3288.934928 ] }, { "date": "2024-02-09", "close": 3940.585693, "volume": 816073, "typical_volume": 921915.3, "trend": 3192.984399, "fair_value": 2832.757288, "relative_strength": 30.430494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.875491, "energy": 91.602253, "activity_lines": [ 3791.705794, 3683.005411, 3470.493795, 3339.455041 ] }, { "date": "2024-02-16", "close": 3870.7229, "volume": 779230, "typical_volume": 916473.5, "trend": 3223.184017, "fair_value": 2840.466867, "relative_strength": 25.02489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.965228, "energy": 86.6173, "activity_lines": [ 3837.859944, 3733.734863, 3525.240462, 3383.180105 ] }, { "date": "2024-02-23", "close": 3858.727051, "volume": 829723, "typical_volume": 919165.65, "trend": 3252.917114, "fair_value": 2849.444712, "relative_strength": 23.936283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.808675, "energy": 83.560494, "activity_lines": [ 3861.881185, 3771.157932, 3574.616606, 3424.182882 ] }, { "date": "2024-03-01", "close": 3948.697754, "volume": 1284652, "typical_volume": 946675.2, "trend": 3284.383105, "fair_value": 2859.223484, "relative_strength": 26.359095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.330995, "energy": 80.817694, "activity_lines": [ 3899.890918, 3816.722048, 3628.171489, 3469.071955 ] }, { "date": "2024-03-08", "close": 3902.712646, "volume": 1012632, "typical_volume": 937178.35, "trend": 3315.515739, "fair_value": 2867.554489, "relative_strength": 24.413479, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.598345, "energy": 64.730932, "activity_lines": [ 3904.437793, 3846.28952, 3672.642749, 3508.964184 ] }, { "date": "2024-03-15", "close": 3966.69165, "volume": 1107336, "typical_volume": 937809.7, "trend": 3351.17666, "fair_value": 2876.423722, "relative_strength": 24.546506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.8657, "energy": 67.246824, "activity_lines": [ 3925.238607, 3881.671382, 3718.427012, 3550.975533 ] }, { "date": "2024-03-22", "close": 4154.629883, "volume": 823459, "typical_volume": 942828.35, "trend": 3389.970093, "fair_value": 2886.753906, "relative_strength": 26.224876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.329933, "energy": 72.683475, "activity_lines": [ 4006.945101, 3942.352193, 3776.882457, 3602.811225 ] }, { "date": "2024-03-29", "close": 4076.655029, "volume": 599071, "typical_volume": 948084.3, "trend": 3425.5646, "fair_value": 2896.263977, "relative_strength": 22.706948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.904856, "energy": 66.780489, "activity_lines": [ 4043.732845, 3978.748096, 3822.198446, 3647.113479 ] }, { "date": "2024-04-05", "close": 3978.687744, "volume": 775298, "typical_volume": 939873.5, "trend": 3456.693986, "fair_value": 2903.993061, "relative_strength": 19.570992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.100745, "energy": 64.027036, "activity_lines": [ 4033.336295, 3989.005327, 3852.937448, 3682.798843 ] }, { "date": "2024-04-12", "close": 4080.654053, "volume": 1134181, "typical_volume": 951919.8, "trend": 3491.822021, "fair_value": 2912.279691, "relative_strength": 20.474007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.769629, "energy": 63.957748, "activity_lines": [ 4054.929183, 4012.310844, 3889.207524, 3723.054331 ] }, { "date": "2024-04-19", "close": 3810.74292, "volume": 896480, "typical_volume": 946865.05, "trend": 3518.885986, "fair_value": 2919.316533, "relative_strength": 13.25887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.538844, "energy": 41.200861, "activity_lines": [ 3974.688932, 3981.922931, 3895.52512, 3743.629873 ] }, { "date": "2024-04-26", "close": 3928.704102, "volume": 921964, "typical_volume": 943533.0, "trend": 3550.41512, "fair_value": 2927.141564, "relative_strength": 12.594592, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.981409, "energy": 29.716394, "activity_lines": [ 3944.165658, 3975.343284, 3909.849173, 3770.069751 ] }, { "date": "2024-05-03", "close": 4088.651367, "volume": 558693, "typical_volume": 903186.95, "trend": 3588.808561, "fair_value": 2936.24812, "relative_strength": 15.353189, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.551153, "energy": 35.443982, "activity_lines": [ 3982.019857, 3996.790754, 3936.216425, 3804.79467 ] }, { "date": "2024-05-10", "close": 4184.619629, "volume": 764692, "typical_volume": 883970.85, "trend": 3629.601245, "fair_value": 2946.610411, "relative_strength": 14.241006, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.198094, "energy": 42.964911, "activity_lines": [ 4051.063721, 4031.506556, 3968.476493, 3843.234094 ] }, { "date": "2024-05-17", "close": 4110.757813, "volume": 647140, "typical_volume": 894748.4, "trend": 3669.997729, "fair_value": 2956.690949, "relative_strength": 11.730958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.253894, "energy": 46.086165, "activity_lines": [ 4081.758187, 4048.503449, 3990.578834, 3874.276453 ] }, { "date": "2024-05-24", "close": 4108.758301, "volume": 514717, "typical_volume": 880863.25, "trend": 3711.327173, "fair_value": 2966.150123, "relative_strength": 12.426936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.447363, "energy": 45.531993, "activity_lines": [ 4109.779232, 4061.354155, 4009.976252, 3902.583587 ] }, { "date": "2024-05-31", "close": 4076.767822, "volume": 682717, "typical_volume": 860004.9, "trend": 3748.724723, "fair_value": 2975.884656, "relative_strength": 11.50531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.110533, "energy": 40.745633, "activity_lines": [ 4107.269092, 4065.80538, 4023.326925, 3926.160403 ] }, { "date": "2024-06-07", "close": 4224.723145, "volume": 681037, "typical_volume": 846294.5, "trend": 3790.387712, "fair_value": 2986.759794, "relative_strength": 15.249491, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.115786, "energy": 41.517484, "activity_lines": [ 4144.206478, 4098.573247, 4048.492109, 3956.869979 ] }, { "date": "2024-06-14", "close": 4274.708008, "volume": 808299, "typical_volume": 832354.15, "trend": 3829.515072, "fair_value": 2997.571006, "relative_strength": 17.215375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.473039, "energy": 43.300897, "activity_lines": [ 4188.734033, 4137.737123, 4075.531935, 3988.116449 ] }, { "date": "2024-06-21", "close": 4224.723145, "volume": 856512, "typical_volume": 824695.3, "trend": 3864.043986, "fair_value": 3007.997743, "relative_strength": 13.831228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.317754, "energy": 41.247649, "activity_lines": [ 4210.594076, 4162.430655, 4094.963548, 4013.613744 ] }, { "date": "2024-06-28", "close": 4180.737305, "volume": 642792, "typical_volume": 816031.25, "trend": 3898.972713, "fair_value": 3017.437893, "relative_strength": 13.015949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.917376, "energy": 39.293822, "activity_lines": [ 4210.194483, 4176.507324, 4108.310335, 4034.045571 ] }, { "date": "2024-07-05", "close": 4144.747559, "volume": 753872, "typical_volume": 814763.35, "trend": 3928.503288, "fair_value": 3027.191829, "relative_strength": 10.971504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.586, "energy": 34.388989, "activity_lines": [ 4192.999707, 4177.313233, 4117.085949, 4049.902013 ] }, { "date": "2024-07-12", "close": 4184.735352, "volume": 537666, "typical_volume": 800160.5, "trend": 3954.435213, "fair_value": 3037.29818, "relative_strength": 10.814648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.021619, "energy": 28.867597, "activity_lines": [ 4184.602214, 4181.461586, 4128.365045, 4066.433114 ] }, { "date": "2024-07-19", "close": 4210.727051, "volume": 618499, "typical_volume": 766852.85, "trend": 3977.168335, "fair_value": 3047.411, "relative_strength": 12.221347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.600684, "energy": 24.404321, "activity_lines": [ 4187.534473, 4188.588721, 4140.56712, 4082.968071 ] }, { "date": "2024-07-26", "close": 3772.860352, "volume": 1348238, "typical_volume": 783633.15, "trend": 3983.506543, "fair_value": 3055.389581, "relative_strength": -1.313802, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 3.518964, "energy": 9.889094, "activity_lines": [ 4048.776563, 4115.629049, 4109.819847, 4069.786911 ] }, { "date": "2024-08-02", "close": 3586.916016, "volume": 859223, "typical_volume": 771227.5, "trend": 3987.112028, "fair_value": 3061.887957, "relative_strength": -5.06801, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -36.645813, "energy": 37.116904, "activity_lines": [ 3878.161394, 4015.004905, 4061.981933, 4044.200425 ] }, { "date": "2024-08-09", "close": 3560.924072, "volume": 1057128, "typical_volume": 782910.95, "trend": 3985.852547, "fair_value": 3067.995518, "relative_strength": -5.841941, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.033721, "energy": 60.701158, "activity_lines": [ 3738.470329, 3919.142996, 4013.477051, 4016.704428 ] }, { "date": "2024-08-16", "close": 3653.009277, "volume": 609019, "typical_volume": 783408.35, "trend": 3986.996159, "fair_value": 3075.141146, "relative_strength": -5.232357, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.849695, "energy": 63.304549, "activity_lines": [ 3668.395898, 3849.402828, 3976.569359, 3995.230669 ] }, { "date": "2024-08-23", "close": 3639.012695, "volume": 697260, "typical_volume": 779506.45, "trend": 3985.740568, "fair_value": 3081.876753, "relative_strength": -5.89618, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.728638, "energy": 73.42979, "activity_lines": [ 3629.104346, 3787.512624, 3940.346021, 3972.780123 ] }, { "date": "2024-08-30", "close": 3734.987061, "volume": 375981, "typical_volume": 741596.45, "trend": 3982.685913, "fair_value": 3089.259608, "relative_strength": -4.146894, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.939274, "energy": 62.229966, "activity_lines": [ 3659.918538, 3754.630402, 3914.880598, 3956.602477 ] }, { "date": "2024-09-06", "close": 3491.053223, "volume": 551043, "typical_volume": 724324.6, "trend": 3967.701497, "fair_value": 3095.527203, "relative_strength": -8.344688, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.906649, "energy": 54.946861, "activity_lines": [ 3611.946338, 3686.300866, 3867.829414, 3924.884239 ] }, { "date": "2024-09-13", "close": 3553.036133, "volume": 632807, "typical_volume": 709866.75, "trend": 3957.111939, "fair_value": 3101.487472, "relative_strength": -7.890806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.259389, "energy": 46.32741, "activity_lines": [ 3591.02596, 3641.78066, 3828.203697, 3898.131635 ] }, { "date": "2024-09-20", "close": 3716.991699, "volume": 678880, "typical_volume": 715876.1, "trend": 3952.387427, "fair_value": 3107.986258, "relative_strength": -3.380329, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.789043, "energy": 38.307736, "activity_lines": [ 3625.283301, 3637.828946, 3805.981691, 3882.640007 ] }, { "date": "2024-09-27", "close": 3587.0271, "volume": 810548, "typical_volume": 718168.9, "trend": 3940.331738, "fair_value": 3113.908177, "relative_strength": -7.923977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.324054, "energy": 40.029284, "activity_lines": [ 3611.953613, 3618.751736, 3773.151911, 3859.068373 ] }, { "date": "2024-10-04", "close": 3543.039063, "volume": 577818, "typical_volume": 714702.8, "trend": 3928.342619, "fair_value": 3118.715349, "relative_strength": -8.746564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.975317, "energy": 38.212569, "activity_lines": [ 3587.426953, 3603.016699, 3738.978474, 3833.436587 ] }, { "date": "2024-10-11", "close": 3549.037354, "volume": 656293, "typical_volume": 721781.6, "trend": 3914.420809, "fair_value": 3123.304734, "relative_strength": -8.445829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.744084, "energy": 36.02948, "activity_lines": [ 3577.696257, 3592.55083, 3708.079725, 3808.96528 ] }, { "date": "2024-10-18", "close": 3702.99585, "volume": 773610, "typical_volume": 726326.25, "trend": 3899.366341, "fair_value": 3128.368552, "relative_strength": -5.867763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.446634, "energy": 27.947811, "activity_lines": [ 3615.41945, 3610.766118, 3694.509028, 3795.32496 ] }, { "date": "2024-10-25", "close": 3603.022705, "volume": 558985, "typical_volume": 720223.65, "trend": 3883.578597, "fair_value": 3132.631368, "relative_strength": -7.357313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.88946, "energy": 28.071369, "activity_lines": [ 3609.820948, 3608.221347, 3673.196945, 3776.206016 ] }, { "date": "2024-11-01", "close": 3511.047607, "volume": 697490, "typical_volume": 714683.2, "trend": 3867.990593, "fair_value": 3135.792125, "relative_strength": -9.046828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.582704, "energy": 34.967875, "activity_lines": [ 3581.162012, 3589.862678, 3646.085807, 3752.171758 ] }, { "date": "2024-11-08", "close": 3589.026123, "volume": 722611, "typical_volume": 707988.15, "trend": 3851.602995, "fair_value": 3139.324626, "relative_strength": -5.974704, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.561256, "energy": 30.018506, "activity_lines": [ 3583.561214, 3588.008558, 3630.037673, 3734.17405 ] }, { "date": "2024-11-15", "close": 3557.146973, "volume": 830404, "typical_volume": 717368.75, "trend": 3843.149797, "fair_value": 3142.748221, "relative_strength": -6.813994, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.455005, "energy": 34.956816, "activity_lines": [ 3572.268229, 3583.012065, 3613.980558, 3715.176888 ] }, { "date": "2024-11-22", "close": 3637.12793, "volume": 621963, "typical_volume": 710773.3, "trend": 3833.430591, "fair_value": 3146.812638, "relative_strength": -7.062151, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.167066, "energy": 29.389234, "activity_lines": [ 3587.094922, 3591.35586, 3608.510155, 3701.885154 ] }, { "date": "2024-11-29", "close": 3761.098145, "volume": 796449, "typical_volume": 723712.45, "trend": 3822.51215, "fair_value": 3152.152197, "relative_strength": -4.333272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.660811, "energy": 9.359109, "activity_lines": [ 3647.636214, 3620.710751, 3617.263676, 3697.218545 ] }, { "date": "2024-12-06", "close": 3849.076904, "volume": 955786, "typical_volume": 740576.8, "trend": 3811.327393, "fair_value": 3156.998707, "relative_strength": -2.472514, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.227321, "energy": 13.169574, "activity_lines": [ 3726.965397, 3665.259846, 3636.413445, 3698.9324 ] }, { "date": "2024-12-13", "close": 3963.049561, "volume": 616843, "typical_volume": 704007.05, "trend": 3806.403784, "fair_value": 3163.088304, "relative_strength": 0.402712, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.232609, "energy": 39.768865, "activity_lines": [ 3821.750179, 3725.766699, 3668.139897, 3708.720927 ] }, { "date": "2024-12-20", "close": 3705.111328, "volume": 879502, "typical_volume": 705021.0, "trend": 3792.948885, "fair_value": 3167.300234, "relative_strength": -3.627133, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.944132, "energy": 31.534826, "activity_lines": [ 3805.620654, 3731.739138, 3674.395141, 3702.18593 ] }, { "date": "2024-12-27", "close": 3763.097412, "volume": 277364, "typical_volume": 666032.8, "trend": 3782.493205, "fair_value": 3172.108085, "relative_strength": -2.895851, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.192151, "energy": 32.079951, "activity_lines": [ 3798.955534, 3745.416793, 3685.610033, 3700.260028 ] }, { "date": "2025-01-03", "close": 4033.032471, "volume": 533904, "typical_volume": 662277.05, "trend": 3776.103516, "fair_value": 3179.126747, "relative_strength": 2.972427, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.29804, "energy": 48.614297, "activity_lines": [ 3873.870801, 3807.080793, 3721.570296, 3716.423852 ] }, { "date": "2025-01-10", "close": 4079.021729, "volume": 724966, "typical_volume": 663662.35, "trend": 3769.58064, "fair_value": 3186.95271, "relative_strength": 3.742836, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.327313, "energy": 47.452437, "activity_lines": [ 3945.986865, 3869.288117, 3760.100855, 3735.966962 ] }, { "date": "2025-01-17", "close": 4226.986328, "volume": 912374, "typical_volume": 690482.0, "trend": 3769.656079, "fair_value": 3196.303716, "relative_strength": 4.210776, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.170477, "energy": 67.363273, "activity_lines": [ 4052.094808, 3948.071294, 3810.627998, 3765.477007 ] }, { "date": "2025-01-24", "close": 4172.999512, "volume": 1000213, "typical_volume": 712940.5, "trend": 3769.398153, "fair_value": 3205.9813, "relative_strength": 2.875296, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.989629, "energy": 79.159702, "activity_lines": [ 4122.611361, 4005.439409, 3853.670687, 3791.499164 ] }, { "date": "2025-01-31", "close": 4280.973633, "volume": 860282, "typical_volume": 724314.25, "trend": 3773.939022, "fair_value": 3215.966658, "relative_strength": 3.486559, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.798248, "energy": 84.002454, "activity_lines": [ 4197.926742, 4071.241864, 3903.749262, 3824.504033 ] }, { "date": "2025-02-07", "close": 4244.982422, "volume": 855939, "typical_volume": 733167.2, "trend": 3775.947258, "fair_value": 3225.593177, "relative_strength": 2.438108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.462612, "energy": 80.158905, "activity_lines": [ 4226.719971, 4118.794176, 3946.933733, 3854.89393 ] }, { "date": "2025-02-14", "close": 4495.088867, "volume": 718443, "typical_volume": 728561.95, "trend": 3785.425985, "fair_value": 3237.367001, "relative_strength": 8.020134, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.796149, "energy": 83.352435, "activity_lines": [ 4324.752018, 4203.022492, 4011.423625, 3901.290163 ] }, { "date": "2025-02-21", "close": 4449.098633, "volume": 605982, "typical_volume": 729970.15, "trend": 3807.967261, "fair_value": 3248.493665, "relative_strength": 7.760681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.95304, "energy": 78.396851, "activity_lines": [ 4379.716178, 4267.143275, 4067.20939, 3944.107753 ] }, { "date": "2025-02-28", "close": 4255.137695, "volume": 690189, "typical_volume": 731664.95, "trend": 3830.241317, "fair_value": 3259.754354, "relative_strength": 1.431212, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.70474, "energy": 56.597685, "activity_lines": [ 4355.219206, 4287.161177, 4100.208116, 3972.957459 ] }, { "date": "2025-03-07", "close": 3909.20752, "volume": 968549, "typical_volume": 741411.9, "trend": 3841.850765, "fair_value": 3267.932685, "relative_strength": -5.194931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.183129, "energy": 35.090922, "activity_lines": [ 4209.936296, 4234.282204, 4096.898728, 3978.052052 ] }, { "date": "2025-03-14", "close": 3639.262207, "volume": 1341394, "typical_volume": 780532.35, "trend": 3841.392529, "fair_value": 3273.131363, "relative_strength": -10.924084, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 4.207747, "energy": 15.622143, "activity_lines": [ 3999.456022, 4129.665718, 4066.898303, 3964.981823 ] }, { "date": "2025-03-21", "close": 3757.238525, "volume": 1293539, "typical_volume": 810334.8, "trend": 3845.33339, "fair_value": 3278.894113, "relative_strength": -7.856217, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.033407, "energy": 26.009759, "activity_lines": [ 3868.682536, 4053.658931, 4047.961148, 3959.552532 ] }, { "date": "2025-03-28", "close": 3809.227783, "volume": 852018, "typical_volume": 816805.15, "trend": 3847.808081, "fair_value": 3284.125272, "relative_strength": -6.434374, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.247392, "energy": 35.757945, "activity_lines": [ 3804.428825, 3992.95534, 4032.803013, 3957.223138 ] }, { "date": "2025-04-04", "close": 3371.31665, "volume": 1146903, "typical_volume": 832630.1, "trend": 3843.816862, "fair_value": 3286.837595, "relative_strength": -10.674057, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.177896, "energy": 58.779593, "activity_lines": [ 3636.862793, 3860.227153, 3974.890477, 3926.481756 ] }, { "date": "2025-04-11", "close": 3331.324707, "volume": 1847741, "typical_volume": 893919.0, "trend": 3836.426481, "fair_value": 3289.421684, "relative_strength": -10.388709, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.741721, "energy": 66.155526, "activity_lines": [ 3514.887516, 3734.803755, 3914.054091, 3893.417746 ] }, { "date": "2025-04-18", "close": 3413.308105, "volume": 515221, "typical_volume": 879857.6, "trend": 3826.303695, "fair_value": 3292.947716, "relative_strength": -11.383199, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.258791, "energy": 66.847377, "activity_lines": [ 3458.76556, 3641.552774, 3862.481853, 3866.119786 ] }, { "date": "2025-04-25", "close": 3547.281006, "volume": 430652, "typical_volume": 853600.9, "trend": 3824.978825, "fair_value": 3298.005219, "relative_strength": -9.203401, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.481641, "energy": 58.816319, "activity_lines": [ 3462.364844, 3587.781854, 3825.325082, 3848.118322 ] }, { "date": "2025-05-02", "close": 3633.263428, "volume": 688216, "typical_volume": 857169.55, "trend": 3827.986304, "fair_value": 3304.57484, "relative_strength": -8.677495, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.475971, "energy": 37.191139, "activity_lines": [ 3508.622103, 3566.876971, 3797.794237, 3835.749587 ] }, { "date": "2025-05-09", "close": 3611.268066, "volume": 434809, "typical_volume": 834934.9, "trend": 3830.060661, "fair_value": 3311.035497, "relative_strength": -8.507478, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -46.673183, "energy": 33.960424, "activity_lines": [ 3559.278532, 3556.806299, 3769.739005, 3821.767765 ] }, { "date": "2025-05-16", "close": 3797.397217, "volume": 767370, "typical_volume": 859435.2, "trend": 3833.207373, "fair_value": 3319.649638, "relative_strength": -5.028124, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.062104, "energy": 21.2928, "activity_lines": [ 3655.98125, 3592.284011, 3759.857232, 3819.660446 ] }, { "date": "2025-05-23", "close": 3827.392578, "volume": 779371, "typical_volume": 871708.55, "trend": 3840.686369, "fair_value": 3327.815398, "relative_strength": -4.425267, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.776622, "energy": 22.220662, "activity_lines": [ 3731.610921, 3635.24834, 3752.668828, 3819.285298 ] }, { "date": "2025-05-30", "close": 3913.378662, "volume": 661212, "typical_volume": 868520.85, "trend": 3854.097404, "fair_value": 3336.628449, "relative_strength": -2.694518, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.555878, "energy": 19.074661, "activity_lines": [ 3808.296989, 3690.42595, 3754.648812, 3823.975123 ] }, { "date": "2025-06-06", "close": 3863.386719, "volume": 524860, "typical_volume": 849145.15, "trend": 3863.242757, "fair_value": 3345.82576, "relative_strength": -4.347637, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.274137, "energy": 21.373677, "activity_lines": [ 3843.912565, 3733.675204, 3752.656435, 3824.574434 ] }, { "date": "2025-06-13", "close": 3895.381592, "volume": 443175, "typical_volume": 821293.25, "trend": 3874.517244, "fair_value": 3355.132069, "relative_strength": -3.349891, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.910618, "energy": 21.893182, "activity_lines": [ 3874.851546, 3781.757, 3755.442615, 3826.647907 ] }, { "date": "2025-06-20", "close": 3827.392578, "volume": 1277476, "typical_volume": 842152.95, "trend": 3880.859399, "fair_value": 3363.874418, "relative_strength": -3.90426, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.505829, "energy": 15.25552, "activity_lines": [ 3864.186621, 3807.948704, 3753.075642, 3823.607606 ] }, { "date": "2025-06-27", "close": 3919.377686, "volume": 1090376, "typical_volume": 853874.8, "trend": 3886.135384, "fair_value": 3373.206415, "relative_strength": -1.587518, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.904536, "energy": 12.898098, "activity_lines": [ 3882.183708, 3841.845557, 3761.629064, 3826.092657 ] }, { "date": "2025-07-04", "close": 4139.342773, "volume": 851474, "typical_volume": 860526.35, "trend": 3895.810913, "fair_value": 3383.724215, "relative_strength": 3.811946, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.92777, "energy": 43.598017, "activity_lines": [ 3967.37015, 3906.534797, 3792.682042, 3842.428617 ] }, { "date": "2025-07-11", "close": 4157.340332, "volume": 675437, "typical_volume": 863999.1, "trend": 3902.287272, "fair_value": 3394.421449, "relative_strength": 3.069589, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.702665, "energy": 56.626957, "activity_lines": [ 4043.491504, 3963.731561, 3827.143101, 3859.301483 ] }, { "date": "2025-07-18", "close": 4197.333496, "volume": 684911, "typical_volume": 863735.2, "trend": 3918.694678, "fair_value": 3404.542196, "relative_strength": 3.689762, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.508632, "energy": 63.283682, "activity_lines": [ 4113.347005, 4018.671138, 3866.802359, 3878.336723 ] }, { "date": "2025-07-25", "close": 4245.326172, "volume": 621805, "typical_volume": 846398.0, "trend": 3934.76897, "fair_value": 3414.714326, "relative_strength": 3.356423, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.786365, "energy": 71.865882, "activity_lines": [ 4179.069938, 4071.680922, 3911.307606, 3899.409723 ] }, { "date": "2025-08-01", "close": 4153.340332, "volume": 745958, "typical_volume": 816626.2, "trend": 3938.779232, "fair_value": 3423.84834, "relative_strength": 1.610068, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.851247, "energy": 64.545438, "activity_lines": [ 4186.268685, 4099.821844, 3945.451731, 3913.511101 ] }, { "date": "2025-08-08", "close": 4011.363037, "volume": 782206, "typical_volume": 791059.55, "trend": 3936.523942, "fair_value": 3432.13631, "relative_strength": -2.176886, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.785964, "energy": 35.701189, "activity_lines": [ 4130.544157, 4096.22239, 3963.626218, 3918.193927 ] }, { "date": "2025-08-15", "close": 4199.497559, "volume": 747489, "typical_volume": 785833.1, "trend": 3935.60765, "fair_value": 3441.501449, "relative_strength": 1.840067, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.819387, "energy": 34.524862, "activity_lines": [ 4146.063119, 4125.047678, 3998.508162, 3935.159967 ] }, { "date": "2025-08-22", "close": 4291.487305, "volume": 920158, "typical_volume": 774495.85, "trend": 3939.557243, "fair_value": 3451.360164, "relative_strength": 1.931565, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.795807, "energy": 46.630181, "activity_lines": [ 4189.434847, 4164.487269, 4040.292607, 3958.119945 ] }, { "date": "2025-08-29", "close": 4313.484375, "volume": 508785, "typical_volume": 707548.05, "trend": 3940.640934, "fair_value": 3461.039545, "relative_strength": 3.845048, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.861641, "energy": 49.657614, "activity_lines": [ 4233.862012, 4200.724405, 4079.790246, 3982.244276 ] }, { "date": "2025-09-05", "close": 4419.47168, "volume": 726179, "typical_volume": 718095.95, "trend": 3946.457243, "fair_value": 3470.949854, "relative_strength": 5.915258, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.877659, "energy": 73.895384, "activity_lines": [ 4309.074398, 4247.393928, 4124.704963, 4013.136582 ] }, { "date": "2025-09-12", "close": 4679.439941, "volume": 665038, "typical_volume": 729815.25, "trend": 3952.602279, "fair_value": 3482.750867, "relative_strength": 10.887252, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.767306, "energy": 88.505963, "activity_lines": [ 4453.200781, 4332.237789, 4189.587307, 4060.425789 ] }, { "date": "2025-09-19", "close": 4809.424805, "volume": 760909, "typical_volume": 733449.9, "trend": 3964.613151, "fair_value": 3495.705455, "relative_strength": 14.451206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.370857, "energy": 93.948162, "activity_lines": [ 4596.116992, 4430.895313, 4261.457929, 4115.704661 ] }, { "date": "2025-09-26", "close": 4659.442871, "volume": 573134, "typical_volume": 740366.15, "trend": 3978.08999, "fair_value": 3508.275237, "relative_strength": 9.741317, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.193863, "energy": 87.554303, "activity_lines": [ 4648.377409, 4490.427313, 4313.443788, 4160.532385 ] }, { "date": "2025-10-03", "close": 4633.445801, "volume": 831289, "typical_volume": 743562.1, "trend": 4002.231266, "fair_value": 3520.550234, "relative_strength": 6.484672, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.37246, "energy": 85.370335, "activity_lines": [ 4667.441764, 4536.830584, 4357.962428, 4202.813405 ] }, { "date": "2025-10-10", "close": 4629.446777, "volume": 596927, "typical_volume": 734439.9, "trend": 4035.237419, "fair_value": 3533.536383, "relative_strength": 6.839105, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.167447, "energy": 70.662947, "activity_lines": [ 4663.84235, 4575.45004, 4398.119024, 4243.278922 ] }, { "date": "2025-10-17", "close": 4559.45459, "volume": 738220, "typical_volume": 738290.3, "trend": 4061.977954, "fair_value": 3544.888598, "relative_strength": 5.847321, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.706393, "energy": 52.389244, "activity_lines": [ 4622.913867, 4592.687163, 4427.790393, 4277.099385 ] }, { "date": "2025-10-24", "close": 4739.433105, "volume": 565992, "typical_volume": 740346.9, "trend": 4092.984798, "fair_value": 3557.490626, "relative_strength": 6.463525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.74415, "energy": 52.960296, "activity_lines": [ 4649.977246, 4632.682351, 4471.52602, 4320.806169 ] }, { "date": "2025-10-31", "close": 4819.423828, "volume": 606650, "typical_volume": 748520.65, "trend": 4141.255037, "fair_value": 3569.900663, "relative_strength": 7.164216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.306846, "energy": 56.8201, "activity_lines": [ 4708.370312, 4677.404297, 4518.708161, 4367.673203 ] }, { "date": "2025-11-07", "close": 4619.447754, "volume": 827859, "typical_volume": 726039.8, "trend": 4184.192472, "fair_value": 3580.740494, "relative_strength": 2.946732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.861984, "energy": 47.444476, "activity_lines": [ 4689.43929, 4676.168111, 4542.444761, 4398.524346 ] }, { "date": "2025-11-14", "close": 4635.60498, "volume": 541157, "typical_volume": 698578.85, "trend": 4224.935702, "fair_value": 3591.87546, "relative_strength": 2.981065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.667554, "energy": 44.419276, "activity_lines": [ 4676.827213, 4672.306632, 4563.948454, 4427.647733 ] }, { "date": "2025-11-21", "close": 4687.601074, "volume": 842727, "typical_volume": 698141.5, "trend": 4262.94637, "fair_value": 3603.247623, "relative_strength": 5.644619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.131893, "energy": 39.537525, "activity_lines": [ 4681.136621, 4673.969291, 4586.993549, 4457.497112 ] }, { "date": "2025-11-28", "close": 4909.581543, "volume": 1051477, "typical_volume": 716943.5, "trend": 4305.490308, "fair_value": 3615.882562, "relative_strength": 8.359827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.564718, "energy": 45.778607, "activity_lines": [ 4750.896419, 4715.843652, 4628.568887, 4499.215511 ] }, { "date": "2025-12-05", "close": 5009.573242, "volume": 576447, "typical_volume": 711520.3, "trend": 4352.10048, "fair_value": 3629.735114, "relative_strength": 10.927177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.825225, "energy": 54.528308, "activity_lines": [ 4842.643555, 4774.07729, 4676.085143, 4544.640216 ] }, { "date": "2025-12-12", "close": 4935.57959, "volume": 529626, "typical_volume": 706911.35, "trend": 4390.039893, "fair_value": 3643.049277, "relative_strength": 9.339337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.80773, "energy": 66.735205, "activity_lines": [ 4897.049512, 4812.49153, 4712.686577, 4582.284029 ] }, { "date": "2025-12-19", "close": 4897.58252, "volume": 882287, "typical_volume": 713727.8, "trend": 4425.712891, "fair_value": 3655.927656, "relative_strength": 5.615901, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.356506, "energy": 67.539941, "activity_lines": [ 4917.714323, 4838.503871, 4742.382321, 4615.028715 ] }, { "date": "2025-12-26", "close": 4901.58252, "volume": 328334, "typical_volume": 691034.2, "trend": 4458.653019, "fair_value": 3668.671495, "relative_strength": 5.836745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.23503, "energy": 58.77291, "activity_lines": [ 4922.247298, 4860.368288, 4768.915007, 4645.729982 ] }, { "date": "2026-01-02", "close": 4823.588867, "volume": 432932, "typical_volume": 675306.35, "trend": 4490.659758, "fair_value": 3681.011486, "relative_strength": 3.33519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.728786, "energy": 42.565611, "activity_lines": [ 4886.51696, 4861.831534, 4783.780585, 4669.27423 ] }, { "date": "2026-01-09", "close": 4673.602051, "volume": 572977, "typical_volume": 657947.3, "trend": 4516.600439, "fair_value": 3691.781353, "relative_strength": -1.460758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.402582, "energy": 23.071367, "activity_lines": [ 4806.523861, 4834.494345, 4781.389841, 4681.076958 ] }, { "date": "2026-01-16", "close": 4643.604492, "volume": 722927, "typical_volume": 668654.4, "trend": 4543.807503, "fair_value": 3702.903527, "relative_strength": -2.979676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.913774, "energy": 16.480255, "activity_lines": [ 4738.929655, 4804.354359, 4774.322593, 4689.270768 ] }, { "date": "2026-01-23", "close": 4549.612305, "volume": 769531, "typical_volume": 670822.0, "trend": 4564.815324, "fair_value": 3713.519292, "relative_strength": -3.91523, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.61663, "energy": 16.879592, "activity_lines": [ 4659.469727, 4756.685671, 4756.731708, 4689.645272 ] }, { "date": "2026-01-30", "close": 4559.611328, "volume": 731228, "typical_volume": 674131.5, "trend": 4578.824276, "fair_value": 3723.39827, "relative_strength": -4.271008, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.599674, "energy": 20.588825, "activity_lines": [ 4606.54082, 4712.398491, 4739.473393, 4689.30953 ] }, { "date": "2026-02-06", "close": 4501.616211, "volume": 1036130, "typical_volume": 687892.55, "trend": 4590.300138, "fair_value": 3733.578222, "relative_strength": -6.614651, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.542427, "energy": 30.211929, "activity_lines": [ 4557.078288, 4659.89383, 4717.262347, 4684.328364 ] }, { "date": "2026-02-13", "close": 4405.803711, "volume": 947128, "typical_volume": 706592.25, "trend": 4597.249146, "fair_value": 3742.72686, "relative_strength": -8.922051, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.518778, "energy": 47.283867, "activity_lines": [ 4497.143099, 4597.386266, 4687.392055, 4672.425369 ] }, { "date": "2026-02-20", "close": 4427.802734, "volume": 629674, "typical_volume": 696511.5, "trend": 4603.331698, "fair_value": 3752.5291, "relative_strength": -10.156024, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.101489, "energy": 53.807786, "activity_lines": [ 4462.394141, 4549.856152, 4660.824714, 4661.493343 ] }, { "date": "2026-02-27", "close": 4321.807617, "volume": 751138, "typical_volume": 704222.05, "trend": 4608.947274, "fair_value": 3761.331521, "relative_strength": -13.792341, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.035864, "energy": 59.208338, "activity_lines": [ 4406.70026, 4492.286506, 4625.141853, 4643.330499 ] }, { "date": "2026-03-06", "close": 3965.823486, "volume": 845802, "typical_volume": 709601.15, "trend": 4607.429289, "fair_value": 3768.588828, "relative_strength": -15.851661, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.437623, "energy": 84.400708, "activity_lines": [ 4247.531982, 4380.461106, 4557.020689, 4601.838641 ] }, { "date": "2026-03-13", "close": 4153.814941, "volume": 682014, "typical_volume": 715402.25, "trend": 4605.906535, "fair_value": 3777.499717, "relative_strength": -11.597834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.614753, "energy": 75.433547, "activity_lines": [ 4190.613379, 4319.829772, 4509.630288, 4572.5732 ] }, { "date": "2026-03-20", "close": 3879.827148, "volume": 818052, "typical_volume": 725972.35, "trend": 4592.18453, "fair_value": 3784.558167, "relative_strength": -14.418411, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.912901, "energy": 84.783808, "activity_lines": [ 4065.552262, 4221.560183, 4438.93447, 4525.729368 ] }, { "date": "2026-03-27", "close": 3857.828125, "volume": 597784, "typical_volume": 714468.6, "trend": 4576.995988, "fair_value": 3791.187268, "relative_strength": -15.134065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.071721, "energy": 83.514234, "activity_lines": [ 3968.223242, 4133.723042, 4370.617777, 4478.351536 ] }, { "date": "2026-04-03", "close": 4087.817871, "volume": 784749, "typical_volume": 726648.2, "trend": 4565.940861, "fair_value": 3799.771209, "relative_strength": -14.017652, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.532709, "energy": 57.538784, "activity_lines": [ 3985.555778, 4101.989062, 4327.831629, 4446.791657 ] }, { "date": "2026-04-10", "close": 4151.814941, "volume": 576901, "typical_volume": 713356.9, "trend": 4548.353361, "fair_value": 3808.57317, "relative_strength": -13.927512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.037266, "energy": 48.796256, "activity_lines": [ 4039.819987, 4090.287176, 4293.74895, 4420.073856 ] }, { "date": "2026-04-17", "close": 4405.803711, "volume": 1033460, "typical_volume": 712456.05, "trend": 4534.899324, "fair_value": 3818.91356, "relative_strength": -9.238659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.643723, "energy": 29.580106, "activity_lines": [ 4166.347689, 4132.179545, 4286.40704, 4410.877104 ] }, { "date": "2026-04-24", "close": 4219.812012, "volume": 580284, "typical_volume": 712647.9, "trend": 4520.244962, "fair_value": 3828.279549, "relative_strength": -10.59732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.775323, "energy": 21.504353, "activity_lines": [ 4214.078906, 4141.997288, 4263.750578, 4390.548891 ] }, { "date": "2026-05-01", "close": 4143.81543, "volume": 640149, "typical_volume": 718174.05, "trend": 4503.92395, "fair_value": 3837.478741, "relative_strength": -11.993744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.902882, "energy": 20.680878, "activity_lines": [ 4213.812272, 4141.379137, 4237.617113, 4366.263114 ] }, { "date": "2026-05-08", "close": 4143.81543, "volume": 802838, "typical_volume": 714201.6, "trend": 4487.736239, "fair_value": 3846.5626, "relative_strength": -10.803931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.955171, "energy": 19.03573, "activity_lines": [ 4194.479818, 4145.924392, 4215.253954, 4343.030306 ] }, { "date": "2026-05-15", "close": 4050.0, "volume": 1007697, "typical_volume": 748169.75, "trend": 4470.754419, "fair_value": 3855.018789, "relative_strength": -12.352391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.866259, "energy": 26.977767, "activity_lines": [ 4140.142383, 4136.648517, 4187.545359, 4314.789259 ] }, { "date": "2026-05-22", "close": 4098.0, "volume": 676028, "typical_volume": 760324.55, "trend": 4449.373315, "fair_value": 3863.346957, "relative_strength": -13.434681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.853044, "energy": 31.073487, "activity_lines": [ 4108.592611, 4134.569434, 4168.463347, 4290.740587 ] }, { "date": "2026-05-29", "close": 4120.0, "volume": 779226, "typical_volume": 770637.0, "trend": 4426.059188, "fair_value": 3871.880227, "relative_strength": -12.305844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.228801, "energy": 30.058501, "activity_lines": [ 4104.896419, 4137.505167, 4154.931759, 4269.490695 ] }, { "date": "2026-06-05", "close": 3994.0, "volume": 169924, "typical_volume": 742986.85, "trend": 4405.210929, "fair_value": 3879.631434, "relative_strength": -14.46071, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.62603, "energy": 36.451661, "activity_lines": [ 4065.854362, 4113.16503, 4132.036371, 4241.615909 ] }, { "date": "2026-06-12", "close": 3820.0, "volume": 205208, "typical_volume": 714770.7, "trend": 4378.024097, "fair_value": 3886.215996, "relative_strength": -18.735241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.874421, "energy": 57.956436, "activity_lines": [ 3978.8, 4054.712678, 4095.662909, 4203.860365 ] }, { "date": "2026-06-19", "close": 3876.0, "volume": 335598, "typical_volume": 694989.2, "trend": 4350.970728, "fair_value": 3893.736209, "relative_strength": -16.45892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.708396, "energy": 62.596044, "activity_lines": [ 3932.0, 4011.311559, 4068.097125, 4171.471714 ] }, { "date": "2026-06-26", "close": 3766.0, "volume": 170238, "typical_volume": 651694.6, "trend": 4312.851343, "fair_value": 3899.615798, "relative_strength": -19.647108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.255652, "energy": 74.200527, "activity_lines": [ 3860.133333, 3952.925257, 4033.310442, 4133.731667 ] }, { "date": "2026-07-03", "close": 3776.0, "volume": 124237, "typical_volume": 610550.05, "trend": 4271.732235, "fair_value": 3905.533857, "relative_strength": -20.326833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.973653, "energy": 76.063887, "activity_lines": [ 3813.733333, 3907.989933, 4002.979075, 4099.096096 ] }, { "date": "2026-07-10", "close": 3890.0, "volume": 801390, "typical_volume": 619135.85, "trend": 4236.879582, "fair_value": 3912.028907, "relative_strength": -16.157777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.139935, "energy": 66.843928, "activity_lines": [ 3828.266667, 3891.85119, 3986.503916, 4074.46821 ] }, { "date": "2026-07-17", "close": 3814.0, "volume": 706210, "typical_volume": 616889.45, "trend": 4200.760164, "fair_value": 3917.472918, "relative_strength": -18.214659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.717522, "energy": 63.606504, "activity_lines": [ 3824.4, 3866.509091, 3965.351626, 4047.185657 ] }, { "date": "2026-07-24", "close": 3714.0, "volume": 1003534, "typical_volume": 624776.05, "trend": 4161.17408, "fair_value": 3922.263083, "relative_strength": -20.953278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.81208, "energy": 61.71394, "activity_lines": [ 3787.6, 3828.981818, 3937.093659, 4015.781775 ] }, { "date": "2026-07-31", "close": 3808.0, "volume": 872469, "typical_volume": 634298.8, "trend": 4127.321118, "fair_value": 3927.412327, "relative_strength": -19.555866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.064915, "energy": 46.595257, "activity_lines": [ 3792.933333, 3814.654545, 3918.987233, 3992.99635 ] }, { "date": "2026-08-07", "close": 3912.0, "volume": 919294, "typical_volume": 639360.9, "trend": 4101.934383, "fair_value": 3933.458906, "relative_strength": -17.309093, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.063633, "energy": 36.564446, "activity_lines": [ 3830.133333, 3824.509091, 3912.432306, 3979.104665 ] } ], "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." } } }