{ "ticker": { "uuid": "18670e8f-bb69-43bf-8ba6-4266610785a1", "symbol": "ILCV", "name": "ISHARES TRUST MORNINGSTAR VALUE ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 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": 91.087, "architecture_energy": 92.531, "architecture_maturity": 37.257, "architecture_confidence": 76.243, "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": 3.68, "rotation_up": 80.39, "upward_expansion": 96.35, "deceleration": 42.6, "rotation_down": 13.44, "downward_expansion": 20.68 }, "activity_lines": [ 105.373153, 104.107794, 102.323478, 100.567054 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 107.5957, "trend_reference": 98.646937, "distance_from_trend": 0.090715, "trend_direction": "Improving", "fair_value": 81.078428, "distance_from_fair_value": 0.327057, "fair_value_direction": "Improving", "relative_strength": 0.962, "relative_strength_direction": "Improving", "price_momentum": 0.104929, "excess_performance": -0.020696, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.090715, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.034919, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.327057, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.046738, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.00962, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.023207, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.104929, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.36676, "read": "Demand-led" } ], "volume": { "latest": 149519, "relative_activity": 0.987717, "balance": 2.36676, "dry_up": 0.755856, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.016424, "annualized_volatility": 0.097961, "from_high_reference": -0.004297, "from_low_reference": 0.291971 }, "levels": { "trend_reference": 98.646937, "fair_value_reference": 81.078428, "structural_low": 90.704758, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 43, "median_return": 0.013232, "positive_rate": 0.674419, "directional_follow_through": 0.674419, "median_excess_return": 0.002595, "regime_survival": 0.767442, "best_return": 0.063291, "worst_return": -0.066596, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 16, "median_return": 0.031253, "positive_rate": 0.8125, "directional_follow_through": 0.8125, "median_excess_return": 0.008617, "regime_survival": 0.625, "best_return": 0.076859, "worst_return": -0.032476, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.073743, "positive_rate": 0.888889, "directional_follow_through": 0.888889, "median_excess_return": -0.001138, "regime_survival": 0.666667, "best_return": 0.153872, "worst_return": -0.064063, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.12369, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.029726, "regime_survival": 0.5, "best_return": 0.219222, "worst_return": -0.025715, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-10-20", "end": "2023-11-24", "tenure": "Developing", "return": 0.057551, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2023-12-08", "tenure": "New", "return": -0.0004, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-04-26", "tenure": "Established", "return": 0.076765, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": 0.037484, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-12-27", "tenure": "Extended", "return": 0.091156, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-07", "tenure": "Developing", "return": 0.025969, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-14", "tenure": "Developing", "return": -0.043828, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.006741, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-23", "tenure": "Developing", "return": 0.079664, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.032003, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-07-11", "tenure": "New", "return": -0.0065, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-03-13", "tenure": "Extended", "return": 0.124028, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.062853, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.088127, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 62.661015, "volume": 48915, "typical_volume": 95938.7, "trend": 61.010948, "fair_value": 57.356928, "relative_strength": -3.047932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.288687, "energy": 50.115663, "activity_lines": [ 63.691518, 63.451061, 62.420639, 61.687578 ] }, { "date": "2023-08-25", "close": 62.576726, "volume": 95445, "typical_volume": 97889.7, "trend": 61.052275, "fair_value": 57.468957, "relative_strength": -3.887344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.939882, "energy": 32.095849, "activity_lines": [ 63.22561, 63.358968, 62.510189, 61.788596 ] }, { "date": "2023-09-01", "close": 63.74322, "volume": 89840, "typical_volume": 93857.15, "trend": 61.111699, "fair_value": 57.59048, "relative_strength": -4.453142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.216965, "energy": 30.71325, "activity_lines": [ 63.263929, 63.475195, 62.698426, 61.962206 ] }, { "date": "2023-09-08", "close": 63.065901, "volume": 51887, "typical_volume": 91361.1, "trend": 61.171194, "fair_value": 57.712305, "relative_strength": -4.201339, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.565693, "energy": 22.316289, "activity_lines": [ 63.159258, 63.419868, 62.807269, 62.088283 ] }, { "date": "2023-09-15", "close": 63.385746, "volume": 501235, "typical_volume": 109249.05, "trend": 61.248176, "fair_value": 57.835451, "relative_strength": -3.523969, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.721492, "energy": 24.974504, "activity_lines": [ 63.215764, 63.413802, 62.934917, 62.231157 ] }, { "date": "2023-09-22", "close": 61.947478, "volume": 301657, "typical_volume": 117298.6, "trend": 61.327371, "fair_value": 57.957104, "relative_strength": -2.818817, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.76376, "energy": 16.588684, "activity_lines": [ 62.836083, 63.118352, 62.91316, 62.276274 ] }, { "date": "2023-09-29", "close": 61.352225, "volume": 251535, "typical_volume": 119985.3, "trend": 61.356426, "fair_value": 58.070445, "relative_strength": -3.027073, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.254403, "energy": 12.286669, "activity_lines": [ 62.305553, 62.735278, 62.824007, 62.277877 ] }, { "date": "2023-10-06", "close": 60.651273, "volume": 292210, "typical_volume": 128482.8, "trend": 61.463102, "fair_value": 58.169826, "relative_strength": -4.491585, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.887044, "energy": 25.739749, "activity_lines": [ 61.623006, 62.278493, 62.658445, 62.232383 ] }, { "date": "2023-10-13", "close": 61.068055, "volume": 524853, "typical_volume": 150123.55, "trend": 61.598408, "fair_value": 58.271816, "relative_strength": -4.149521, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.918879, "energy": 37.916796, "activity_lines": [ 61.285516, 61.976282, 62.529645, 62.206897 ] }, { "date": "2023-10-20", "close": 60.073556, "volume": 162741, "typical_volume": 155818.75, "trend": 61.680789, "fair_value": 58.369484, "relative_strength": -3.303674, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.60692, "energy": 59.494628, "activity_lines": [ 60.749716, 61.544457, 62.298053, 62.108519 ] }, { "date": "2023-10-27", "close": 58.39686, "volume": 193142, "typical_volume": 160829.0, "trend": 61.633, "fair_value": 58.472823, "relative_strength": -3.473068, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.399158, "energy": 71.382075, "activity_lines": [ 59.875831, 60.879792, 61.908606, 61.896653 ] }, { "date": "2023-11-03", "close": 61.598505, "volume": 269367, "typical_volume": 169696.85, "trend": 61.68725, "fair_value": 58.583268, "relative_strength": -3.64063, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.411741, "energy": 46.434309, "activity_lines": [ 60.305868, 60.874774, 61.83659, 61.894427 ] }, { "date": "2023-11-10", "close": 61.259112, "volume": 161363, "typical_volume": 174335.85, "trend": 61.708652, "fair_value": 58.673344, "relative_strength": -5.293168, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.58095, "energy": 30.796221, "activity_lines": [ 60.606355, 60.825834, 61.735922, 61.866805 ] }, { "date": "2023-11-17", "close": 62.858324, "volume": 137031, "typical_volume": 175292.6, "trend": 61.783337, "fair_value": 58.773205, "relative_strength": -4.840628, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 3.029754, "energy": 7.981602, "activity_lines": [ 61.399391, 61.112825, 61.786712, 61.940978 ] }, { "date": "2023-11-24", "close": 63.530858, "volume": 131413, "typical_volume": 179039.15, "trend": 61.875158, "fair_value": 58.867429, "relative_strength": -4.598987, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 23.085059, "energy": 26.528192, "activity_lines": [ 62.297253, 61.52587, 61.900211, 62.053721 ] }, { "date": "2023-12-01", "close": 64.421257, "volume": 296063, "typical_volume": 190927.8, "trend": 62.032551, "fair_value": 58.960448, "relative_strength": -3.903283, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 60.800776, "energy": 46.493835, "activity_lines": [ 63.261428, 62.098167, 62.090518, 62.217985 ] }, { "date": "2023-12-08", "close": 64.395492, "volume": 238572, "typical_volume": 198063.3, "trend": 62.201561, "fair_value": 59.055156, "relative_strength": -4.001189, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.634866, "energy": 60.345601, "activity_lines": [ 63.815388, 62.620801, 62.271987, 62.370433 ] }, { "date": "2023-12-15", "close": 66.344138, "volume": 160655, "typical_volume": 203041.2, "trend": 62.411842, "fair_value": 59.16339, "relative_strength": -3.242025, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.083076, "energy": 82.317573, "activity_lines": [ 64.832431, 63.442403, 62.638623, 62.637696 ] }, { "date": "2023-12-22", "close": 66.954824, "volume": 109941, "typical_volume": 203916.7, "trend": 62.664611, "fair_value": 59.276652, "relative_strength": -3.055179, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.881077, "energy": 88.068419, "activity_lines": [ 65.714035, 64.271531, 63.056948, 62.930792 ] }, { "date": "2023-12-29", "close": 67.359535, "volume": 73754, "typical_volume": 204580.95, "trend": 62.894667, "fair_value": 59.388258, "relative_strength": -2.623238, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.004881, "energy": 90.471972, "activity_lines": [ 66.457442, 65.067212, 63.499194, 63.23369 ] }, { "date": "2024-01-05", "close": 67.094847, "volume": 115005, "typical_volume": 207885.45, "trend": 63.097011, "fair_value": 59.489857, "relative_strength": -1.282958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.985487, "energy": 89.100752, "activity_lines": [ 66.857374, 65.682295, 63.900398, 63.50467 ] }, { "date": "2024-01-12", "close": 67.178307, "volume": 248450, "typical_volume": 215535.7, "trend": 63.257308, "fair_value": 59.591776, "relative_strength": -2.777493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.059232, "energy": 87.046011, "activity_lines": [ 67.106888, 66.154407, 64.288438, 63.767979 ] }, { "date": "2024-01-19", "close": 67.399882, "volume": 109167, "typical_volume": 216502.05, "trend": 63.467938, "fair_value": 59.697797, "relative_strength": -3.425418, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.155496, "energy": 83.681135, "activity_lines": [ 67.244738, 66.565355, 64.675667, 64.035242 ] }, { "date": "2024-01-26", "close": 68.196712, "volume": 156667, "typical_volume": 221741.05, "trend": 63.655271, "fair_value": 59.81854, "relative_strength": -3.106978, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.278348, "energy": 83.103791, "activity_lines": [ 67.577816, 67.00953, 65.121372, 64.340324 ] }, { "date": "2024-02-02", "close": 68.718076, "volume": 146432, "typical_volume": 204000.9, "trend": 63.884127, "fair_value": 59.930904, "relative_strength": -3.562784, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.944495, "energy": 89.568883, "activity_lines": [ 68.001889, 67.451438, 65.592298, 64.666957 ] }, { "date": "2024-02-09", "close": 68.864489, "volume": 105567, "typical_volume": 194196.4, "trend": 64.076921, "fair_value": 60.040649, "relative_strength": -4.485932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.115856, "energy": 89.250546, "activity_lines": [ 68.384197, 67.825653, 66.051777, 64.98827 ] }, { "date": "2024-02-16", "close": 69.333964, "volume": 119925, "typical_volume": 187615.9, "trend": 64.244465, "fair_value": 60.151394, "relative_strength": -3.335473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.170441, "energy": 90.346186, "activity_lines": [ 68.805021, 68.204441, 66.523029, 65.327434 ] }, { "date": "2024-02-23", "close": 70.473602, "volume": 67961, "typical_volume": 176403.45, "trend": 64.427419, "fair_value": 60.272523, "relative_strength": -3.180922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.481984, "energy": 92.625805, "activity_lines": [ 69.462013, 68.700645, 67.06481, 65.729314 ] }, { "date": "2024-03-01", "close": 70.886801, "volume": 212400, "typical_volume": 160780.8, "trend": 64.660835, "fair_value": 60.385691, "relative_strength": -3.38508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.441082, "energy": 89.789725, "activity_lines": [ 70.051824, 69.196896, 67.59917, 66.146048 ] }, { "date": "2024-03-08", "close": 71.355704, "volume": 162110, "typical_volume": 160749.25, "trend": 64.904883, "fair_value": 60.492937, "relative_strength": -2.377596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.508573, "energy": 86.562733, "activity_lines": [ 70.618596, 69.706911, 68.131431, 66.577975 ] }, { "date": "2024-03-15", "close": 71.271958, "volume": 224572, "typical_volume": 162320.75, "trend": 65.191914, "fair_value": 60.601301, "relative_strength": -2.324297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.202899, "energy": 88.620095, "activity_lines": [ 70.981612, 70.129041, 68.601993, 66.988755 ] }, { "date": "2024-03-22", "close": 72.645191, "volume": 180300, "typical_volume": 157867.4, "trend": 65.52753, "fair_value": 60.712436, "relative_strength": -2.507403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.24844, "energy": 91.370693, "activity_lines": [ 71.641874, 70.724904, 69.142028, 67.469611 ] }, { "date": "2024-03-29", "close": 73.651357, "volume": 111421, "typical_volume": 155370.3, "trend": 65.857801, "fair_value": 60.829189, "relative_strength": -1.40952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.441614, "energy": 88.530677, "activity_lines": [ 72.416775, 71.404307, 69.725285, 67.993729 ] }, { "date": "2024-04-05", "close": 72.702686, "volume": 91153, "typical_volume": 153076.4, "trend": 66.179027, "fair_value": 60.934496, "relative_strength": -1.696423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.251875, "energy": 68.636448, "activity_lines": [ 72.663603, 71.797562, 70.159183, 68.435334 ] }, { "date": "2024-04-12", "close": 70.824797, "volume": 120013, "typical_volume": 152506.4, "trend": 66.426996, "fair_value": 61.023763, "relative_strength": -2.677332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.084038, "energy": 65.743055, "activity_lines": [ 72.163409, 71.767455, 70.367355, 68.735062 ] }, { "date": "2024-04-19", "close": 70.3358, "volume": 143494, "typical_volume": 144877.95, "trend": 66.706606, "fair_value": 61.110175, "relative_strength": -0.190331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.428138, "energy": 52.052352, "activity_lines": [ 71.53561, 71.610136, 70.494224, 68.987242 ] }, { "date": "2024-04-26", "close": 71.437025, "volume": 109500, "typical_volume": 138424.35, "trend": 67.042766, "fair_value": 61.202549, "relative_strength": -1.137603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.80208, "energy": 38.298951, "activity_lines": [ 71.337296, 71.626289, 70.697806, 69.292431 ] }, { "date": "2024-05-03", "close": 71.336696, "volume": 134643, "typical_volume": 137123.75, "trend": 67.398947, "fair_value": 61.283993, "relative_strength": -1.764967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.07027, "energy": 27.654563, "activity_lines": [ 71.186084, 71.585962, 70.858303, 69.569459 ] }, { "date": "2024-05-10", "close": 72.913502, "volume": 245386, "typical_volume": 143896.0, "trend": 67.793795, "fair_value": 61.37792, "relative_strength": -1.351232, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.504344, "energy": 40.159656, "activity_lines": [ 71.714784, 71.816635, 71.145197, 69.925236 ] }, { "date": "2024-05-17", "close": 74.010702, "volume": 93734, "typical_volume": 144895.0, "trend": 68.258367, "fair_value": 61.481606, "relative_strength": -1.418809, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 78.976589, "energy": 58.78219, "activity_lines": [ 72.595164, 72.209949, 71.508212, 70.326327 ] }, { "date": "2024-05-24", "close": 72.932667, "volume": 70377, "typical_volume": 142663.6, "trend": 68.742894, "fair_value": 61.575707, "relative_strength": -2.778282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.548594, "energy": 54.196092, "activity_lines": [ 72.903804, 72.358985, 71.736884, 70.627895 ] }, { "date": "2024-05-31", "close": 73.076405, "volume": 41828, "typical_volume": 132332.5, "trend": 69.12549, "fair_value": 61.667626, "relative_strength": -2.140912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.129969, "energy": 56.379771, "activity_lines": [ 73.087233, 72.50396, 71.951447, 70.907476 ] }, { "date": "2024-06-07", "close": 72.903919, "volume": 48932, "typical_volume": 129320.75, "trend": 69.513651, "fair_value": 61.760176, "relative_strength": -3.48756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.762667, "energy": 53.420947, "activity_lines": [ 73.103875, 72.609734, 72.121496, 71.151246 ] }, { "date": "2024-06-14", "close": 72.784931, "volume": 113138, "typical_volume": 127144.3, "trend": 69.844537, "fair_value": 61.865365, "relative_strength": -5.081172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.023584, "energy": 41.664373, "activity_lines": [ 72.976372, 72.707463, 72.254004, 71.362296 ] }, { "date": "2024-06-21", "close": 73.535986, "volume": 60499, "typical_volume": 122847.65, "trend": 70.178042, "fair_value": 61.964771, "relative_strength": -4.611596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.777557, "energy": 43.032411, "activity_lines": [ 73.107793, 72.940252, 72.436192, 71.600454 ] }, { "date": "2024-06-28", "close": 73.490537, "volume": 88792, "typical_volume": 122008.9, "trend": 70.480351, "fair_value": 62.060669, "relative_strength": -4.514507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.496151, "energy": 41.26225, "activity_lines": [ 73.255711, 73.115484, 72.591109, 71.814163 ] }, { "date": "2024-07-05", "close": 74.020609, "volume": 69289, "typical_volume": 119477.1, "trend": 70.801188, "fair_value": 62.16028, "relative_strength": -5.509713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.354088, "energy": 46.148091, "activity_lines": [ 73.543129, 73.329733, 72.77448, 72.042567 ] }, { "date": "2024-07-12", "close": 75.35585, "volume": 203916, "typical_volume": 126274.85, "trend": 71.101579, "fair_value": 62.272964, "relative_strength": -4.622793, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.135417, "energy": 71.127626, "activity_lines": [ 74.21268, 73.73978, 73.062699, 72.336416 ] }, { "date": "2024-07-19", "close": 75.35845, "volume": 162128, "typical_volume": 123761.25, "trend": 71.3817, "fair_value": 62.381978, "relative_strength": -2.616135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.01767, "energy": 77.790202, "activity_lines": [ 74.719636, 74.077223, 73.327918, 72.611053 ] }, { "date": "2024-07-26", "close": 75.715105, "volume": 76448, "typical_volume": 119478.15, "trend": 71.660219, "fair_value": 62.491666, "relative_strength": -1.268097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.738331, "energy": 82.063146, "activity_lines": [ 75.173909, 74.43506, 73.60581, 72.890628 ] }, { "date": "2024-08-02", "close": 74.55665, "volume": 233206, "typical_volume": 119909.85, "trend": 71.908945, "fair_value": 62.590933, "relative_strength": -0.60441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.097339, "energy": 67.198756, "activity_lines": [ 75.096755, 74.551278, 73.752614, 73.077494 ] }, { "date": "2024-08-09", "close": 74.441103, "volume": 108016, "typical_volume": 116295.65, "trend": 72.151039, "fair_value": 62.685131, "relative_strength": -0.693245, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.79814, "energy": 46.425972, "activity_lines": [ 74.910012, 74.616962, 73.872772, 73.240859 ] }, { "date": "2024-08-16", "close": 76.35562, "volume": 60788, "typical_volume": 113764.0, "trend": 72.449563, "fair_value": 62.795613, "relative_strength": -1.952128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.752251, "energy": 51.368026, "activity_lines": [ 75.333408, 75.005927, 74.166713, 73.512123 ] }, { "date": "2024-08-23", "close": 77.598616, "volume": 71430, "typical_volume": 112777.85, "trend": 72.76296, "fair_value": 62.909511, "relative_strength": -1.658918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.059839, "energy": 58.995143, "activity_lines": [ 76.104485, 75.558132, 74.566157, 73.84432 ] }, { "date": "2024-08-30", "close": 78.514132, "volume": 47327, "typical_volume": 109143.55, "trend": 73.089495, "fair_value": 63.02906, "relative_strength": -0.718202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.785558, "energy": 82.871168, "activity_lines": [ 77.031389, 76.189274, 75.029479, 74.215363 ] }, { "date": "2024-09-06", "close": 75.962471, "volume": 85745, "typical_volume": 106256.1, "trend": 73.326095, "fair_value": 63.140169, "relative_strength": 0.241395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.430923, "energy": 70.468243, "activity_lines": [ 76.921138, 76.265966, 75.21317, 74.400716 ] }, { "date": "2024-09-13", "close": 77.551241, "volume": 94768, "typical_volume": 105519.5, "trend": 73.600004, "fair_value": 63.263009, "relative_strength": -1.516979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.614056, "energy": 68.871402, "activity_lines": [ 77.246756, 76.58658, 75.521379, 74.673306 ] }, { "date": "2024-09-20", "close": 78.72308, "volume": 82797, "typical_volume": 102927.2, "trend": 73.874986, "fair_value": 63.390887, "relative_strength": -1.330344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.556873, "energy": 65.189715, "activity_lines": [ 77.755644, 77.056063, 75.912076, 75.003827 ] }, { "date": "2024-09-27", "close": 79.286441, "volume": 112831, "typical_volume": 96299.45, "trend": 74.154974, "fair_value": 63.525795, "relative_strength": -1.093071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.378844, "energy": 60.321849, "activity_lines": [ 78.294488, 77.566753, 76.321254, 75.352953 ] }, { "date": "2024-10-04", "close": 79.56243, "volume": 99819, "typical_volume": 96603.7, "trend": 74.428532, "fair_value": 63.657801, "relative_strength": -0.952528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.770289, "energy": 72.591593, "activity_lines": [ 78.812807, 78.056205, 76.726368, 75.701822 ] }, { "date": "2024-10-11", "close": 80.153144, "volume": 99559, "typical_volume": 98062.8, "trend": 74.724571, "fair_value": 63.788752, "relative_strength": -1.283707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.009411, "energy": 81.514358, "activity_lines": [ 79.458144, 78.583108, 77.161305, 76.071151 ] }, { "date": "2024-10-18", "close": 80.879432, "volume": 75627, "typical_volume": 99752.75, "trend": 74.999046, "fair_value": 63.917977, "relative_strength": -1.158634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.584912, "energy": 86.16276, "activity_lines": [ 80.066199, 79.140308, 77.631028, 76.468239 ] }, { "date": "2024-10-25", "close": 79.31065, "volume": 63280, "typical_volume": 100470.15, "trend": 75.187689, "fair_value": 64.037996, "relative_strength": -2.050535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.724488, "energy": 67.825257, "activity_lines": [ 79.929447, 79.295216, 77.914187, 76.746407 ] }, { "date": "2024-11-01", "close": 78.613414, "volume": 66632, "typical_volume": 98144.85, "trend": 75.384714, "fair_value": 64.147064, "relative_strength": -1.470692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.648873, "energy": 54.16858, "activity_lines": [ 79.521112, 79.269625, 78.100433, 76.967422 ] }, { "date": "2024-11-08", "close": 81.493872, "volume": 393387, "typical_volume": 114789.25, "trend": 75.740349, "fair_value": 64.274393, "relative_strength": -2.433401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.774727, "energy": 59.439915, "activity_lines": [ 80.117798, 79.749303, 78.533255, 77.361561 ] }, { "date": "2024-11-15", "close": 80.153144, "volume": 112545, "typical_volume": 115976.9, "trend": 76.067594, "fair_value": 64.397473, "relative_strength": -1.939878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.516949, "energy": 48.159115, "activity_lines": [ 80.138812, 79.931035, 78.800493, 77.646257 ] }, { "date": "2024-11-22", "close": 81.774897, "volume": 89949, "typical_volume": 117009.9, "trend": 76.41219, "fair_value": 64.535121, "relative_strength": -1.539707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.326077, "energy": 57.515419, "activity_lines": [ 80.70041, 80.331437, 79.190457, 78.01447 ] }, { "date": "2024-11-29", "close": 82.729046, "volume": 44736, "typical_volume": 109050.9, "trend": 76.791935, "fair_value": 64.681493, "relative_strength": -1.487771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.336226, "energy": 74.854811, "activity_lines": [ 81.520361, 80.828527, 79.634367, 78.42201 ] }, { "date": "2024-12-06", "close": 81.760662, "volume": 71491, "typical_volume": 104519.05, "trend": 77.08684, "fair_value": 64.808504, "relative_strength": -3.386003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.31233, "energy": 72.426724, "activity_lines": [ 81.789623, 81.076712, 79.95094, 78.742573 ] }, { "date": "2024-12-13", "close": 80.888245, "volume": 50559, "typical_volume": 103224.6, "trend": 77.316092, "fair_value": 64.933152, "relative_strength": -3.730101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.897835, "energy": 68.138533, "activity_lines": [ 81.558263, 81.121289, 80.153939, 78.987824 ] }, { "date": "2024-12-20", "close": 78.95877, "volume": 121072, "typical_volume": 97617.9, "trend": 77.516962, "fair_value": 65.039369, "relative_strength": -4.141796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.29136, "energy": 36.018565, "activity_lines": [ 80.72412, 80.790947, 80.148544, 79.093804 ] }, { "date": "2024-12-27", "close": 79.580912, "volume": 109258, "typical_volume": 97680.0, "trend": 77.733779, "fair_value": 65.143803, "relative_strength": -3.883439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.861314, "energy": 20.83399, "activity_lines": [ 80.176983, 80.595438, 80.181439, 79.226962 ] }, { "date": "2025-01-03", "close": 79.094179, "volume": 98256, "typical_volume": 99553.4, "trend": 77.940121, "fair_value": 65.242552, "relative_strength": -3.823155, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.493364, "energy": 22.298813, "activity_lines": [ 79.613867, 80.335041, 80.143502, 79.31473 ] }, { "date": "2025-01-10", "close": 77.9267, "volume": 75151, "typical_volume": 99739.45, "trend": 78.111513, "fair_value": 65.333002, "relative_strength": -3.258363, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.369887, "energy": 23.984281, "activity_lines": [ 78.903916, 79.866311, 79.981337, 79.313864 ] }, { "date": "2025-01-17", "close": 80.603052, "volume": 147688, "typical_volume": 104757.5, "trend": 78.347082, "fair_value": 65.460309, "relative_strength": -2.708303, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.948252, "energy": 17.459636, "activity_lines": [ 79.341679, 79.896676, 80.0725, 79.474608 ] }, { "date": "2025-01-24", "close": 81.380852, "volume": 112331, "typical_volume": 106086.8, "trend": 78.610092, "fair_value": 65.590207, "relative_strength": -3.342897, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.181508, "energy": 14.660605, "activity_lines": [ 80.057723, 80.084657, 80.227791, 79.670335 ] }, { "date": "2025-01-31", "close": 81.693335, "volume": 127125, "typical_volume": 107704.65, "trend": 78.86585, "fair_value": 65.716634, "relative_strength": -1.911511, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.479727, "energy": 28.96681, "activity_lines": [ 80.716455, 80.30713, 80.387041, 79.869254 ] }, { "date": "2025-02-07", "close": 81.148194, "volume": 85560, "typical_volume": 107842.8, "trend": 79.058928, "fair_value": 65.843006, "relative_strength": -2.340307, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 43.709486, "energy": 36.317065, "activity_lines": [ 81.052645, 80.43197, 80.474649, 80.016502 ] }, { "date": "2025-02-14", "close": 82.248211, "volume": 71808, "typical_volume": 105791.65, "trend": 79.288587, "fair_value": 65.981343, "relative_strength": -2.389097, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.347399, "energy": 63.178811, "activity_lines": [ 81.618573, 80.785555, 80.655472, 80.222262 ] }, { "date": "2025-02-21", "close": 81.897763, "volume": 198797, "typical_volume": 110740.55, "trend": 79.494675, "fair_value": 66.115948, "relative_strength": -1.168286, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.930293, "energy": 62.477739, "activity_lines": [ 81.779584, 81.066559, 80.788816, 80.390596 ] }, { "date": "2025-02-28", "close": 82.296885, "volume": 131893, "typical_volume": 112357.25, "trend": 79.752683, "fair_value": 66.253735, "relative_strength": 0.296886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.891081, "energy": 59.829942, "activity_lines": [ 81.987322, 81.401775, 80.94905, 80.571384 ] }, { "date": "2025-03-07", "close": 80.817215, "volume": 738323, "typical_volume": 145492.05, "trend": 79.96522, "fair_value": 66.391975, "relative_strength": 1.629178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.787533, "energy": 35.133135, "activity_lines": [ 81.640768, 81.407267, 80.958155, 80.640064 ] }, { "date": "2025-03-14", "close": 78.643464, "volume": 133728, "typical_volume": 149014.45, "trend": 80.041482, "fair_value": 66.498911, "relative_strength": 1.21921, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.859593, "energy": 7.510377, "activity_lines": [ 80.628038, 80.995053, 80.760533, 80.554789 ] }, { "date": "2025-03-21", "close": 79.341892, "volume": 229449, "typical_volume": 157155.3, "trend": 80.099591, "fair_value": 66.60344, "relative_strength": 1.607398, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.640762, "energy": 13.714656, "activity_lines": [ 80.0151, 80.718021, 80.632604, 80.509654 ] }, { "date": "2025-03-28", "close": 78.807078, "volume": 131854, "typical_volume": 144078.65, "trend": 80.109356, "fair_value": 66.706181, "relative_strength": 2.444547, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.965314, "energy": 27.989195, "activity_lines": [ 79.417644, 80.31802, 80.450272, 80.426266 ] }, { "date": "2025-04-04", "close": 72.192123, "volume": 604378, "typical_volume": 168670.3, "trend": 79.983677, "fair_value": 66.765288, "relative_strength": 3.190243, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.035724, "energy": 82.431476, "activity_lines": [ 76.82125, 78.747953, 79.650739, 79.915477 ] }, { "date": "2025-04-11", "close": 74.774256, "volume": 329458, "typical_volume": 180645.75, "trend": 79.891111, "fair_value": 66.845223, "relative_strength": 1.149141, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.065882, "energy": 78.634612, "activity_lines": [ 75.759217, 77.814433, 79.135032, 79.579385 ] }, { "date": "2025-04-18", "close": 74.588421, "volume": 156301, "typical_volume": 186224.0, "trend": 79.753289, "fair_value": 66.931757, "relative_strength": 2.371715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.1688, "energy": 80.720172, "activity_lines": [ 75.038103, 76.972927, 78.634964, 79.237276 ] }, { "date": "2025-04-25", "close": 76.373418, "volume": 263147, "typical_volume": 195806.8, "trend": 79.656189, "fair_value": 67.041212, "relative_strength": 0.259763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.578548, "energy": 73.73773, "activity_lines": [ 75.182324, 76.575233, 78.34366, 79.01922 ] }, { "date": "2025-05-02", "close": 77.884552, "volume": 543075, "typical_volume": 220432.6, "trend": 79.600259, "fair_value": 67.157309, "relative_strength": -0.611019, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.971709, "energy": 41.421665, "activity_lines": [ 76.028155, 76.559106, 78.221927, 78.904921 ] }, { "date": "2025-05-09", "close": 77.346608, "volume": 271527, "typical_volume": 227955.35, "trend": 79.506708, "fair_value": 67.276986, "relative_strength": -0.809225, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.801894, "energy": 27.249031, "activity_lines": [ 76.756173, 76.518139, 78.063264, 78.759524 ] }, { "date": "2025-05-16", "close": 80.016768, "volume": 165432, "typical_volume": 230764.05, "trend": 79.477953, "fair_value": 67.422857, "relative_strength": -2.447945, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.641919, "energy": 17.951649, "activity_lines": [ 78.030612, 77.05266, 78.16658, 78.792431 ] }, { "date": "2025-05-23", "close": 77.943237, "volume": 114755, "typical_volume": 231589.0, "trend": 79.432372, "fair_value": 67.532536, "relative_strength": -2.433058, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.070468, "energy": 20.891109, "activity_lines": [ 78.264374, 77.224728, 78.070341, 78.693417 ] }, { "date": "2025-05-30", "close": 79.107153, "volume": 74377, "typical_volume": 231550.3, "trend": 79.44883, "fair_value": 67.656119, "relative_strength": -2.620339, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.658194, "energy": 17.214864, "activity_lines": [ 78.662452, 77.62115, 78.090431, 78.672435 ] }, { "date": "2025-06-06", "close": 79.996521, "volume": 125089, "typical_volume": 230420.35, "trend": 79.398918, "fair_value": 67.802189, "relative_strength": -3.063998, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.484075, "energy": 16.341017, "activity_lines": [ 79.174738, 78.183542, 78.189602, 78.70777 ] }, { "date": "2025-06-13", "close": 79.772248, "volume": 123030, "typical_volume": 230955.3, "trend": 79.386222, "fair_value": 67.969761, "relative_strength": -2.959766, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.339776, "energy": 17.120076, "activity_lines": [ 79.471468, 78.683532, 78.270302, 78.731856 ] }, { "date": "2025-06-20", "close": 79.761516, "volume": 158046, "typical_volume": 232501.35, "trend": 79.319109, "fair_value": 68.118442, "relative_strength": -2.782719, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.150322, "energy": 18.988616, "activity_lines": [ 79.602912, 79.04375, 78.35764, 78.756069 ] }, { "date": "2025-06-27", "close": 81.638836, "volume": 106963, "typical_volume": 233571.5, "trend": 79.282769, "fair_value": 68.283098, "relative_strength": -3.77997, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.535716, "energy": 37.718711, "activity_lines": [ 80.377146, 79.654621, 78.63297, 78.905728 ] }, { "date": "2025-07-04", "close": 83.534535, "volume": 167598, "typical_volume": 238361.0, "trend": 79.341898, "fair_value": 68.458142, "relative_strength": -3.167118, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.116109, "energy": 58.685575, "activity_lines": [ 81.536906, 80.481975, 79.086506, 79.180036 ] }, { "date": "2025-07-11", "close": 82.991587, "volume": 69682, "typical_volume": 231905.25, "trend": 79.412009, "fair_value": 68.631807, "relative_strength": -3.488677, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.371285, "energy": 78.452541, "activity_lines": [ 82.220524, 81.08041, 79.482207, 79.4155 ] }, { "date": "2025-07-18", "close": 82.801103, "volume": 100386, "typical_volume": 230329.9, "trend": 79.540087, "fair_value": 68.798149, "relative_strength": -4.223798, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.248771, "energy": 79.401451, "activity_lines": [ 82.640977, 81.551356, 79.854558, 79.634151 ] }, { "date": "2025-07-25", "close": 84.247327, "volume": 91944, "typical_volume": 198010.95, "trend": 79.695634, "fair_value": 68.961705, "relative_strength": -3.892229, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.659991, "energy": 88.600837, "activity_lines": [ 83.341581, 82.186079, 80.362244, 79.937844 ] }, { "date": "2025-08-01", "close": 81.442258, "volume": 78474, "typical_volume": 195248.25, "trend": 79.773904, "fair_value": 69.108162, "relative_strength": -4.651927, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.475718, "energy": 71.691583, "activity_lines": [ 82.808108, 82.23387, 80.586446, 80.050529 ] }, { "date": "2025-08-08", "close": 83.550556, "volume": 71824, "typical_volume": 187367.0, "trend": 79.961365, "fair_value": 69.254252, "relative_strength": -4.419491, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.781065, "energy": 57.438791, "activity_lines": [ 82.990506, 82.60137, 80.998112, 80.294184 ] }, { "date": "2025-08-15", "close": 84.885714, "volume": 87135, "typical_volume": 185131.05, "trend": 80.104121, "fair_value": 69.411236, "relative_strength": -3.735165, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.278092, "energy": 66.709818, "activity_lines": [ 83.616888, 83.130836, 81.516893, 80.611884 ] }, { "date": "2025-08-22", "close": 86.101156, "volume": 174629, "typical_volume": 163643.6, "trend": 80.261464, "fair_value": 69.58844, "relative_strength": -2.553145, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.909161, "energy": 72.226764, "activity_lines": [ 84.522143, 83.792397, 82.122486, 80.99879 ] }, { "date": "2025-08-29", "close": 86.386194, "volume": 131896, "typical_volume": 153765.5, "trend": 80.417893, "fair_value": 69.777352, "relative_strength": -2.093544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.900176, "energy": 90.088868, "activity_lines": [ 85.302407, 84.390713, 82.688991, 81.393933 ] }, { "date": "2025-09-05", "close": 86.926783, "volume": 69126, "typical_volume": 149406.75, "trend": 80.610513, "fair_value": 69.958436, "relative_strength": -1.703376, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.730037, "energy": 90.485441, "activity_lines": [ 86.120276, 84.966869, 83.251686, 81.813862 ] }, { "date": "2025-09-12", "close": 87.549051, "volume": 72700, "typical_volume": 139884.4, "trend": 80.787207, "fair_value": 70.158449, "relative_strength": -2.441555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.443056, "energy": 90.434722, "activity_lines": [ 86.779933, 85.560019, 83.814891, 82.261509 ] }, { "date": "2025-09-19", "close": 88.585541, "volume": 93722, "typical_volume": 117416.75, "trend": 81.010133, "fair_value": 70.381576, "relative_strength": -2.398675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.888607, "energy": 89.864897, "activity_lines": [ 87.51852, 86.268632, 84.423591, 82.764628 ] }, { "date": "2025-09-26", "close": 88.763265, "volume": 178804, "typical_volume": 112780.6, "trend": 81.225679, "fair_value": 70.615722, "relative_strength": -1.838074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.160954, "energy": 88.142053, "activity_lines": [ 88.069693, 86.907849, 84.998261, 83.26483 ] }, { "date": "2025-10-03", "close": 89.538339, "volume": 112128, "typical_volume": 110115.4, "trend": 81.516383, "fair_value": 70.847424, "relative_strength": -1.98138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.322125, "energy": 88.15365, "activity_lines": [ 88.701751, 87.579587, 85.592382, 83.80113 ] }, { "date": "2025-10-10", "close": 86.939224, "volume": 92620, "typical_volume": 109008.65, "trend": 81.792909, "fair_value": 71.063177, "relative_strength": -2.373058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.725475, "energy": 65.025567, "activity_lines": [ 88.257294, 87.682557, 85.893627, 84.150991 ] }, { "date": "2025-10-17", "close": 88.722783, "volume": 90396, "typical_volume": 109809.6, "trend": 82.105605, "fair_value": 71.276547, "relative_strength": -1.985581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.693202, "energy": 62.396893, "activity_lines": [ 88.406527, 88.009866, 86.321898, 84.59808 ] }, { "date": "2025-10-24", "close": 90.352907, "volume": 130358, "typical_volume": 110073.05, "trend": 82.490466, "fair_value": 71.482517, "relative_strength": -2.00794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.166316, "energy": 66.382385, "activity_lines": [ 89.020885, 88.539521, 86.859629, 85.130164 ] }, { "date": "2025-10-31", "close": 90.698481, "volume": 151855, "typical_volume": 111514.3, "trend": 83.107345, "fair_value": 71.696396, "relative_strength": -2.239068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.771127, "energy": 67.688095, "activity_lines": [ 89.632611, 89.032604, 87.380956, 85.659713 ] }, { "date": "2025-11-07", "close": 90.584936, "volume": 134142, "typical_volume": 110319.1, "trend": 83.634367, "fair_value": 71.893774, "relative_strength": -0.707258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.401357, "energy": 71.043597, "activity_lines": [ 90.077474, 89.421455, 87.83944, 86.142138 ] }, { "date": "2025-11-14", "close": 90.856458, "volume": 101798, "typical_volume": 110060.85, "trend": 84.176635, "fair_value": 72.092714, "relative_strength": -0.50579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.735934, "energy": 79.969651, "activity_lines": [ 90.543072, 89.783333, 88.272243, 86.60808 ] }, { "date": "2025-11-21", "close": 90.57832, "volume": 127906, "typical_volume": 108076.25, "trend": 84.650132, "fair_value": 72.283381, "relative_strength": 1.153231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.184218, "energy": 65.725684, "activity_lines": [ 90.654807, 90.023191, 88.634663, 87.021092 ] }, { "date": "2025-11-28", "close": 93.61118, "volume": 67237, "typical_volume": 107954.0, "trend": 85.174353, "fair_value": 72.490789, "relative_strength": 0.842013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.360112, "energy": 71.462257, "activity_lines": [ 91.653794, 90.759401, 89.252385, 87.599224 ] }, { "date": "2025-12-05", "close": 93.759284, "volume": 208301, "typical_volume": 113349.75, "trend": 85.721442, "fair_value": 72.711173, "relative_strength": 0.654339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.931884, "energy": 73.248243, "activity_lines": [ 92.48493, 91.431164, 89.833642, 88.15309 ] }, { "date": "2025-12-12", "close": 94.065364, "volume": 292406, "typical_volume": 123372.85, "trend": 86.189729, "fair_value": 72.939651, "relative_strength": 1.529415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.377231, "energy": 75.17748, "activity_lines": [ 93.21404, 92.067741, 90.391868, 88.691408 ] }, { "date": "2025-12-19", "close": 93.616562, "volume": 248650, "typical_volume": 131881.65, "trend": 86.712173, "fair_value": 73.162622, "relative_strength": 0.888665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.16313, "energy": 77.103932, "activity_lines": [ 93.56152, 92.540408, 90.860599, 89.170558 ] }, { "date": "2025-12-26", "close": 94.529604, "volume": 184819, "typical_volume": 137531.4, "trend": 87.226254, "fair_value": 73.391326, "relative_strength": 0.415189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.718054, "energy": 75.746083, "activity_lines": [ 94.029341, 93.057676, 91.358313, 89.674909 ] }, { "date": "2026-01-02", "close": 93.914293, "volume": 306778, "typical_volume": 148513.55, "trend": 87.69018, "fair_value": 73.606122, "relative_strength": 0.771695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.362569, "energy": 63.916882, "activity_lines": [ 94.028639, 93.357491, 91.745145, 90.106395 ] }, { "date": "2026-01-09", "close": 95.70068, "volume": 178707, "typical_volume": 148717.45, "trend": 88.221128, "fair_value": 73.826104, "relative_strength": 1.046385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.938281, "energy": 69.609144, "activity_lines": [ 94.603191, 93.917352, 92.259116, 90.623202 ] }, { "date": "2026-01-16", "close": 95.54189, "volume": 206067, "typical_volume": 152426.0, "trend": 88.74714, "fair_value": 74.051512, "relative_strength": 1.20637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.08433, "energy": 70.647264, "activity_lines": [ 94.995388, 94.357392, 92.712252, 91.095509 ] }, { "date": "2026-01-23", "close": 95.174688, "volume": 550251, "typical_volume": 176482.25, "trend": 89.198335, "fair_value": 74.268421, "relative_strength": 1.134879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.479789, "energy": 64.233819, "activity_lines": [ 95.166749, 94.640542, 93.086818, 91.510189 ] }, { "date": "2026-01-30", "close": 95.609376, "volume": 184175, "typical_volume": 182056.0, "trend": 89.60083, "fair_value": 74.484119, "relative_strength": 1.182572, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.877154, "energy": 64.998124, "activity_lines": [ 95.37913, 94.924213, 93.463507, 91.923805 ] }, { "date": "2026-02-06", "close": 97.377898, "volume": 270995, "typical_volume": 190919.65, "trend": 90.080374, "fair_value": 74.715509, "relative_strength": 3.19248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.729449, "energy": 69.450803, "activity_lines": [ 96.109035, 95.437959, 93.970244, 92.425551 ] }, { "date": "2026-02-13", "close": 96.380499, "volume": 163239, "typical_volume": 190141.4, "trend": 90.53302, "fair_value": 74.941818, "relative_strength": 3.393168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.564247, "energy": 62.578483, "activity_lines": [ 96.275565, 95.701875, 94.340122, 92.832011 ] }, { "date": "2026-02-20", "close": 96.901528, "volume": 275492, "typical_volume": 198309.6, "trend": 90.954827, "fair_value": 75.181112, "relative_strength": 2.758784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.501883, "energy": 65.02795, "activity_lines": [ 96.570451, 96.012864, 94.72335, 93.242882 ] }, { "date": "2026-02-27", "close": 97.149637, "volume": 118288, "typical_volume": 199593.0, "trend": 91.478406, "fair_value": 75.41617, "relative_strength": 3.516781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.698669, "energy": 67.808347, "activity_lines": [ 96.857398, 96.317398, 95.095144, 93.642547 ] }, { "date": "2026-03-06", "close": 94.74794, "volume": 344040, "typical_volume": 212275.2, "trend": 91.851653, "fair_value": 75.655253, "relative_strength": 3.016506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.764971, "energy": 49.078159, "activity_lines": [ 96.212115, 96.121022, 95.189584, 93.853485 ] }, { "date": "2026-03-13", "close": 93.070722, "volume": 241871, "typical_volume": 217850.85, "trend": 92.124486, "fair_value": 75.886419, "relative_strength": 2.746743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.226237, "energy": 21.530047, "activity_lines": [ 95.065189, 95.615727, 95.095598, 93.932135 ] }, { "date": "2026-03-20", "close": 91.609396, "volume": 142134, "typical_volume": 217364.8, "trend": 92.308094, "fair_value": 76.104414, "relative_strength": 3.002674, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.974151, "energy": 18.617534, "activity_lines": [ 93.718299, 94.860074, 94.849496, 93.898903 ] }, { "date": "2026-03-27", "close": 90.996741, "volume": 338846, "typical_volume": 227600.0, "trend": 92.461779, "fair_value": 76.304198, "relative_strength": 4.649448, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.032109, "energy": 36.471998, "activity_lines": [ 92.485265, 94.067417, 94.540708, 93.8143 ] }, { "date": "2026-04-03", "close": 93.128582, "volume": 215555, "typical_volume": 233287.85, "trend": 92.668506, "fair_value": 76.516746, "relative_strength": 3.587372, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.798486, "energy": 36.378527, "activity_lines": [ 92.356496, 93.745006, 94.432992, 93.857319 ] }, { "date": "2026-04-10", "close": 95.081109, "volume": 200576, "typical_volume": 236921.35, "trend": 92.919574, "fair_value": 76.73767, "relative_strength": 2.105656, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.084728, "energy": 22.814678, "activity_lines": [ 93.146641, 93.814802, 94.500411, 94.012971 ] }, { "date": "2026-04-17", "close": 97.63633, "volume": 158171, "typical_volume": 241468.05, "trend": 93.221267, "fair_value": 76.974968, "relative_strength": 0.401985, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.448641, "energy": 22.586456, "activity_lines": [ 94.766314, 94.358788, 94.789743, 94.317278 ] }, { "date": "2026-04-24", "close": 97.367359, "volume": 216873, "typical_volume": 241896.65, "trend": 93.50807, "fair_value": 77.209527, "relative_strength": -0.352813, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.040007, "energy": 41.133751, "activity_lines": [ 95.991956, 94.849172, 95.03429, 94.584768 ] }, { "date": "2026-05-01", "close": 98.881564, "volume": 165737, "typical_volume": 235563.2, "trend": 93.819511, "fair_value": 77.460694, "relative_strength": 0.279756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.724613, "energy": 55.990881, "activity_lines": [ 97.33847, 95.596923, 95.405867, 94.931445 ] }, { "date": "2026-05-08", "close": 99.504182, "volume": 158127, "typical_volume": 231037.05, "trend": 94.238343, "fair_value": 77.718252, "relative_strength": -1.358717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.99379, "energy": 79.102589, "activity_lines": [ 98.366867, 96.421876, 95.813806, 95.298198 ] }, { "date": "2026-05-15", "close": 99.51514, "volume": 145567, "typical_volume": 229074.45, "trend": 94.598088, "fair_value": 77.971325, "relative_strength": -1.532889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.357354, "energy": 80.3944, "activity_lines": [ 98.973878, 97.206012, 96.194753, 95.638636 ] }, { "date": "2026-05-22", "close": 101.152872, "volume": 154375, "typical_volume": 221454.3, "trend": 94.958087, "fair_value": 78.239153, "relative_strength": -0.77423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.566632, "energy": 84.59657, "activity_lines": [ 99.831197, 98.201241, 96.707933, 96.061525 ] }, { "date": "2026-05-29", "close": 101.511499, "volume": 90843, "typical_volume": 217061.1, "trend": 95.318521, "fair_value": 78.502317, "relative_strength": -1.827668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.851344, "energy": 84.728575, "activity_lines": [ 100.573622, 99.114727, 97.220799, 96.484326 ] }, { "date": "2026-06-05", "close": 100.585045, "volume": 118668, "typical_volume": 212691.15, "trend": 95.651858, "fair_value": 78.75591, "relative_strength": -0.245566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.420762, "energy": 77.925007, "activity_lines": [ 100.730953, 99.679728, 97.617761, 96.824102 ] }, { "date": "2026-06-12", "close": 101.531423, "volume": 139344, "typical_volume": 192145.8, "trend": 96.00769, "fair_value": 79.006949, "relative_strength": 0.098537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.546986, "energy": 76.983916, "activity_lines": [ 101.090178, 100.242465, 98.080839, 97.203429 ] }, { "date": "2026-06-19", "close": 101.09, "volume": 105750, "typical_volume": 188224.55, "trend": 96.35808, "fair_value": 79.263417, "relative_strength": -1.249872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.315694, "energy": 67.576871, "activity_lines": [ 101.167113, 100.572165, 98.471606, 97.53132 ] }, { "date": "2026-06-26", "close": 100.9, "volume": 144997, "typical_volume": 181924.65, "trend": 96.60104, "fair_value": 79.509079, "relative_strength": 0.905314, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.521645, "energy": 54.288945, "activity_lines": [ 101.075724, 100.758066, 98.81818, 97.824347 ] }, { "date": "2026-07-03", "close": 103.18, "volume": 91281, "typical_volume": 178326.75, "trend": 96.915064, "fair_value": 79.773999, "relative_strength": 0.948581, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.2628, "energy": 65.419188, "activity_lines": [ 101.761193, 101.299174, 99.365125, 98.248796 ] }, { "date": "2026-07-10", "close": 103.65, "volume": 125178, "typical_volume": 170811.05, "trend": 97.234552, "fair_value": 80.034059, "relative_strength": 0.003902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.946539, "energy": 77.467321, "activity_lines": [ 102.492095, 101.820052, 99.924453, 98.683308 ] }, { "date": "2026-07-17", "close": 103.9122, "volume": 125883, "typical_volume": 171190.8, "trend": 97.57774, "fair_value": 80.287935, "relative_strength": 1.738333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.064877, "energy": 85.897568, "activity_lines": [ 103.106067, 102.301903, 100.476617, 99.114124 ] }, { "date": "2026-07-24", "close": 103.3548, "volume": 98003, "typical_volume": 158888.95, "trend": 97.871913, "fair_value": 80.533895, "relative_strength": 1.701803, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.380412, "energy": 81.79683, "activity_lines": [ 103.37552, 102.602264, 100.943493, 99.486837 ] }, { "date": "2026-07-31", "close": 105.27, "volume": 84276, "typical_volume": 151009.2, "trend": 98.250437, "fair_value": 80.799188, "relative_strength": 2.341911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.267186, "energy": 88.49913, "activity_lines": [ 104.132387, 103.18103, 101.551784, 99.964133 ] }, { "date": "2026-08-07", "close": 107.5957, "volume": 149519, "typical_volume": 151378.45, "trend": 98.646937, "fair_value": 81.078428, "relative_strength": 0.962, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.086874, "energy": 92.530714, "activity_lines": [ 105.373153, 104.107794, 102.323478, 100.567054 ] } ], "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." } } }