{ "ticker": { "uuid": "18ac5c0f-3868-498e-8798-43bd23c84536", "symbol": "VUAA", "name": "Vanguard S&P 500 UCITS ETF USD Accumulation", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 92.822, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.197, "architecture_energy": 64.314, "architecture_maturity": 85.551, "architecture_confidence": 63.744, "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": 15.02, "rotation_up": 52.57, "upward_expansion": 82.06, "deceleration": 71.28, "rotation_down": 28.85, "downward_expansion": 11.06 }, "activity_lines": [ 127.108664, 126.612907, 124.802046, 121.979526 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 129.679993, "trend_reference": 118.641666, "distance_from_trend": 0.093039, "trend_direction": "Improving", "fair_value": 100.840641, "distance_from_fair_value": 0.285989, "fair_value_direction": "Improving", "relative_strength": -3.163956, "relative_strength_direction": "Weakening", "price_momentum": 0.155484, "excess_performance": -0.015408, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.093039, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.041115, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.285989, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.03364, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.03164, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.008511, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.155484, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.136398, "read": "Demand-led" } ], "volume": { "latest": 166244, "relative_activity": 1.365777, "balance": 2.136398, "dry_up": 1.315089, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.019504, "annualized_volatility": 0.118234, "from_high_reference": -0.004987, "from_low_reference": 0.245247 }, "levels": { "trend_reference": 118.641666, "fair_value_reference": 100.840641, "structural_low": 106.779999, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 40, "median_return": 0.009542, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.003976, "regime_survival": 0.825, "best_return": 0.080103, "worst_return": -0.103265, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.028106, "positive_rate": 0.733333, "directional_follow_through": 0.733333, "median_excess_return": -0.002824, "regime_survival": 0.533333, "best_return": 0.107804, "worst_return": -0.179276, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.072579, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.018794, "regime_survival": 0.375, "best_return": 0.168338, "worst_return": -0.082359, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.086718, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.074288, "regime_survival": 0.5, "best_return": 0.225073, "worst_return": 0.058209, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-05-03", "tenure": "Established", "return": 0.117398, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.006229, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.003029, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.058155, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2025-02-28", "tenure": "Established", "return": 0.089989, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.116793, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.132012, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": 0.04027, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.01596, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2026-02-20", "tenure": "Established", "return": 0.066534, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-27", "tenure": "Developing", "return": -0.041816, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.023623, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.009704, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.100849, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 74.989998, "volume": 19890, "typical_volume": 67631.3, "trend": 72.408667, "fair_value": 67.624744, "relative_strength": -3.920956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.343011, "energy": 48.284429, "activity_lines": [ 76.087333, 76.031091, 75.005286, 73.788882 ] }, { "date": "2023-08-25", "close": 76.139999, "volume": 41561, "typical_volume": 67324.1, "trend": 72.628001, "fair_value": 67.773654, "relative_strength": -3.477319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.524821, "energy": 36.360099, "activity_lines": [ 75.998666, 76.078182, 75.238477, 74.029613 ] }, { "date": "2023-09-01", "close": 78.330002, "volume": 55718, "typical_volume": 65343.85, "trend": 72.850334, "fair_value": 67.946346, "relative_strength": -1.802109, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.664221, "energy": 50.63904, "activity_lines": [ 76.664667, 76.513637, 75.64981, 74.397485 ] }, { "date": "2023-09-08", "close": 78.139999, "volume": 90529, "typical_volume": 62225.15, "trend": 73.090001, "fair_value": 68.119616, "relative_strength": -0.170645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.748615, "energy": 53.057964, "activity_lines": [ 77.230666, 76.847454, 76.003619, 74.738753 ] }, { "date": "2023-09-15", "close": 78.43, "volume": 106057, "typical_volume": 63334.95, "trend": 73.348667, "fair_value": 68.297051, "relative_strength": -1.633707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.385373, "energy": 64.589618, "activity_lines": [ 77.798, 77.194727, 76.346762, 75.083269 ] }, { "date": "2023-09-22", "close": 76.57, "volume": 85763, "typical_volume": 65280.15, "trend": 73.575667, "fair_value": 68.463013, "relative_strength": -2.452023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.201633, "energy": 53.351901, "activity_lines": [ 77.586, 77.148182, 76.473381, 75.291097 ] }, { "date": "2023-09-29", "close": 76.440002, "volume": 62846, "typical_volume": 66404.85, "trend": 73.774667, "fair_value": 68.621987, "relative_strength": -1.021335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.541474, "energy": 42.592615, "activity_lines": [ 77.225334, 77.052909, 76.555096, 75.475893 ] }, { "date": "2023-10-06", "close": 75.839996, "volume": 93237, "typical_volume": 68443.95, "trend": 74.014334, "fair_value": 68.768654, "relative_strength": 0.142969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.53241, "energy": 24.262184, "activity_lines": [ 76.644666, 76.849818, 76.552429, 75.60914 ] }, { "date": "2023-10-13", "close": 77.419998, "volume": 73261, "typical_volume": 67874.65, "trend": 74.311667, "fair_value": 68.919359, "relative_strength": 1.075135, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.687495, "energy": 21.501337, "activity_lines": [ 76.756665, 76.969272, 76.683333, 75.82886 ] }, { "date": "2023-10-20", "close": 75.029999, "volume": 88265, "typical_volume": 69601.85, "trend": 74.537334, "fair_value": 69.062949, "relative_strength": 1.460574, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.692715, "energy": 14.796868, "activity_lines": [ 76.119999, 76.641272, 76.566142, 75.875204 ] }, { "date": "2023-10-27", "close": 73.370003, "volume": 57552, "typical_volume": 69830.8, "trend": 74.651334, "fair_value": 69.209039, "relative_strength": -0.173341, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.980099, "energy": 21.616381, "activity_lines": [ 75.156667, 76.029818, 76.287857, 75.799893 ] }, { "date": "2023-11-03", "close": 76.339996, "volume": 58580, "typical_volume": 67207.5, "trend": 74.871, "fair_value": 69.356923, "relative_strength": -0.922532, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.044899, "energy": 15.729577, "activity_lines": [ 75.396665, 75.987817, 76.298714, 75.908839 ] }, { "date": "2023-11-10", "close": 76.949997, "volume": 33982, "typical_volume": 65220.65, "trend": 75.101, "fair_value": 69.501282, "relative_strength": 0.614271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.654034, "energy": 16.904151, "activity_lines": [ 75.846665, 76.05309, 76.364142, 76.042967 ] }, { "date": "2023-11-17", "close": 77.779999, "volume": 66778, "typical_volume": 65675.35, "trend": 75.357, "fair_value": 69.650513, "relative_strength": -1.561994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.659058, "energy": 18.534543, "activity_lines": [ 76.499332, 76.294362, 76.497618, 76.215806 ] }, { "date": "2023-11-24", "close": 78.279999, "volume": 64428, "typical_volume": 65736.9, "trend": 75.627667, "fair_value": 69.799423, "relative_strength": -0.532685, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.750161, "energy": 36.565104, "activity_lines": [ 77.294665, 76.63309, 76.670142, 76.404387 ] }, { "date": "2023-12-01", "close": 79.110001, "volume": 56420, "typical_volume": 64789.6, "trend": 75.94, "fair_value": 69.953974, "relative_strength": -0.957237, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.221975, "energy": 64.000831, "activity_lines": [ 78.149999, 77.125454, 76.907856, 76.629053 ] }, { "date": "2023-12-08", "close": 80.239998, "volume": 56681, "typical_volume": 64932.15, "trend": 76.257333, "fair_value": 70.119423, "relative_strength": -0.946223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.643896, "energy": 77.920249, "activity_lines": [ 78.999332, 77.77709, 77.234523, 76.906473 ] }, { "date": "2023-12-15", "close": 81.389999, "volume": 104962, "typical_volume": 66860.55, "trend": 76.560667, "fair_value": 70.290449, "relative_strength": 0.690646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.19304, "energy": 85.302005, "activity_lines": [ 79.971999, 78.568726, 77.652951, 77.237612 ] }, { "date": "2023-12-22", "close": 81.300003, "volume": 61537, "typical_volume": 65708.8, "trend": 76.833333, "fair_value": 70.459551, "relative_strength": 0.738624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.679584, "energy": 86.373783, "activity_lines": [ 80.618667, 79.243091, 78.045618, 77.543376 ] }, { "date": "2023-12-29", "close": 80.980003, "volume": 32765, "typical_volume": 65540.6, "trend": 77.052667, "fair_value": 70.625641, "relative_strength": 0.439463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.837742, "energy": 82.704372, "activity_lines": [ 80.924001, 79.788728, 78.385952, 77.810903 ] }, { "date": "2024-01-05", "close": 80.82, "volume": 83538, "typical_volume": 68723.0, "trend": 77.257, "fair_value": 70.782436, "relative_strength": -0.028268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.250254, "energy": 78.22724, "activity_lines": [ 80.996001, 80.197091, 78.687524, 78.053957 ] }, { "date": "2024-01-12", "close": 82.019997, "volume": 59711, "typical_volume": 69630.5, "trend": 77.471, "fair_value": 70.945898, "relative_strength": 1.321168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.53409, "energy": 74.6327, "activity_lines": [ 81.354, 80.688182, 79.075619, 78.361247 ] }, { "date": "2024-01-19", "close": 83.07, "volume": 59741, "typical_volume": 69831.65, "trend": 77.752, "fair_value": 71.112244, "relative_strength": 3.156767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.014518, "energy": 81.804925, "activity_lines": [ 81.943333, 81.266909, 79.535714, 78.722473 ] }, { "date": "2024-01-26", "close": 84.900002, "volume": 64413, "typical_volume": 68525.85, "trend": 78.049333, "fair_value": 71.298974, "relative_strength": 4.975502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.793145, "energy": 93.232818, "activity_lines": [ 83.030667, 82.067091, 80.147524, 79.183634 ] }, { "date": "2024-02-02", "close": 86.330002, "volume": 78492, "typical_volume": 67147.6, "trend": 78.414667, "fair_value": 71.477115, "relative_strength": 5.450226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.076962, "energy": 96.954074, "activity_lines": [ 84.354667, 82.997819, 80.863333, 79.717871 ] }, { "date": "2024-02-09", "close": 87.449997, "volume": 81174, "typical_volume": 66918.15, "trend": 78.823333, "fair_value": 71.661539, "relative_strength": 5.16112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.662022, "energy": 96.830123, "activity_lines": [ 85.695333, 83.985818, 81.64819, 80.300795 ] }, { "date": "2024-02-16", "close": 87.959999, "volume": 83208, "typical_volume": 67936.25, "trend": 79.205, "fair_value": 71.849103, "relative_strength": 3.686013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.056476, "energy": 95.682813, "activity_lines": [ 86.764, 84.914909, 82.429809, 80.890258 ] }, { "date": "2024-02-23", "close": 88.639999, "volume": 60959, "typical_volume": 66322.35, "trend": 79.567, "fair_value": 72.04968, "relative_strength": 1.299894, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.616572, "energy": 94.395264, "activity_lines": [ 87.663333, 85.827272, 83.221333, 81.498967 ] }, { "date": "2024-03-01", "close": 89.029999, "volume": 73410, "typical_volume": 66329.8, "trend": 79.977666, "fair_value": 72.255705, "relative_strength": 0.902005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.105024, "energy": 92.224319, "activity_lines": [ 88.321332, 86.678727, 83.989047, 82.109483 ] }, { "date": "2024-03-08", "close": 88.839996, "volume": 149486, "typical_volume": 69390.85, "trend": 80.404333, "fair_value": 72.442885, "relative_strength": -0.831983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.129155, "energy": 78.964528, "activity_lines": [ 88.640665, 87.35509, 84.68338, 82.681247 ] }, { "date": "2024-03-15", "close": 88.550003, "volume": 85784, "typical_volume": 70802.45, "trend": 80.856333, "fair_value": 72.627244, "relative_strength": -2.662403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.269876, "energy": 68.116076, "activity_lines": [ 88.696, 87.835818, 85.284333, 83.206774 ] }, { "date": "2024-03-22", "close": 91.260002, "volume": 143207, "typical_volume": 75033.8, "trend": 81.360333, "fair_value": 72.823974, "relative_strength": -0.878385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.702525, "energy": 74.908886, "activity_lines": [ 89.581334, 88.668727, 86.071095, 83.877978 ] }, { "date": "2024-03-29", "close": 91.739998, "volume": 82122, "typical_volume": 77440.8, "trend": 81.807333, "fair_value": 73.015705, "relative_strength": -1.563689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.571255, "energy": 73.841716, "activity_lines": [ 90.406667, 89.420909, 86.832524, 84.547634 ] }, { "date": "2024-04-05", "close": 90.519997, "volume": 106086, "typical_volume": 79406.2, "trend": 82.219999, "fair_value": 73.194038, "relative_strength": -0.832356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.449516, "energy": 66.573996, "activity_lines": [ 90.618666, 89.793635, 87.407333, 85.109741 ] }, { "date": "2024-04-12", "close": 91.400002, "volume": 104637, "typical_volume": 81416.65, "trend": 82.652333, "fair_value": 73.373846, "relative_strength": 0.724394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.58161, "energy": 68.469452, "activity_lines": [ 91.024667, 90.224181, 88.005285, 85.702 ] }, { "date": "2024-04-19", "close": 88.309998, "volume": 89327, "typical_volume": 83062.0, "trend": 83.043666, "fair_value": 73.536987, "relative_strength": -3.187358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.624161, "energy": 60.041216, "activity_lines": [ 90.229999, 90.000727, 88.246476, 86.06701 ] }, { "date": "2024-04-26", "close": 90.07, "volume": 79017, "typical_volume": 84178.8, "trend": 83.497999, "fair_value": 73.709615, "relative_strength": -2.230543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.726868, "energy": 47.883412, "activity_lines": [ 90.037999, 90.081636, 88.611476, 86.520322 ] }, { "date": "2024-05-03", "close": 89.660004, "volume": 70864, "typical_volume": 82473.9, "trend": 83.958666, "fair_value": 73.878205, "relative_strength": -0.960619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.795543, "energy": 40.91273, "activity_lines": [ 89.788668, 90.049637, 88.890619, 86.917871 ] }, { "date": "2024-05-10", "close": 91.510002, "volume": 63512, "typical_volume": 82572.65, "trend": 84.428333, "fair_value": 74.064744, "relative_strength": -1.953544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.31816, "energy": 42.649961, "activity_lines": [ 90.294668, 90.335455, 89.306572, 87.405054 ] }, { "date": "2024-05-17", "close": 92.080002, "volume": 59247, "typical_volume": 83896.75, "trend": 84.996667, "fair_value": 74.255705, "relative_strength": -3.393117, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.636885, "energy": 54.290209, "activity_lines": [ 90.924669, 90.679819, 89.728191, 87.89871 ] }, { "date": "2024-05-24", "close": 92.440002, "volume": 113519, "typical_volume": 85395.8, "trend": 85.632333, "fair_value": 74.445321, "relative_strength": -0.421603, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.360554, "energy": 58.66895, "activity_lines": [ 91.629335, 91.030729, 90.131239, 88.378925 ] }, { "date": "2024-05-31", "close": 90.779999, "volume": 66788, "typical_volume": 85749.65, "trend": 86.113667, "fair_value": 74.622436, "relative_strength": -2.131011, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.280089, "energy": 52.104681, "activity_lines": [ 91.505334, 91.009092, 90.320858, 88.711032 ] }, { "date": "2024-06-07", "close": 93.739998, "volume": 83231, "typical_volume": 86924.15, "trend": 86.673333, "fair_value": 74.814551, "relative_strength": 0.602832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.130787, "energy": 59.877811, "activity_lines": [ 92.320667, 91.534364, 90.750667, 89.203054 ] }, { "date": "2024-06-14", "close": 95.870003, "volume": 73775, "typical_volume": 87392.25, "trend": 87.276333, "fair_value": 75.017885, "relative_strength": 8.999899, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.860576, "energy": 74.911185, "activity_lines": [ 93.574001, 92.410546, 91.332524, 89.796387 ] }, { "date": "2024-06-21", "close": 96.760002, "volume": 95462, "typical_volume": 88240.75, "trend": 87.892334, "fair_value": 75.220192, "relative_strength": 7.760273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.863698, "energy": 86.107793, "activity_lines": [ 94.833334, 93.351274, 91.946905, 90.408237 ] }, { "date": "2024-06-28", "close": 97.080002, "volume": 63508, "typical_volume": 87357.45, "trend": 88.491334, "fair_value": 75.415257, "relative_strength": 8.438941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.501934, "energy": 90.939176, "activity_lines": [ 95.887335, 94.252729, 92.542096, 91.00099 ] }, { "date": "2024-07-05", "close": 97.0, "volume": 196715, "typical_volume": 93032.8, "trend": 89.05, "fair_value": 75.607564, "relative_strength": 5.585127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.649173, "energy": 88.902441, "activity_lines": [ 96.605335, 94.980183, 93.08381, 91.549936 ] }, { "date": "2024-07-12", "close": 97.790001, "volume": 160913, "typical_volume": 98030.5, "trend": 89.596667, "fair_value": 75.804359, "relative_strength": 4.467635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.186207, "energy": 88.457768, "activity_lines": [ 97.172001, 95.725274, 93.657715, 92.113807 ] }, { "date": "2024-07-19", "close": 95.900002, "volume": 88664, "typical_volume": 98793.2, "trend": 90.083334, "fair_value": 75.981731, "relative_strength": 3.430312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.711377, "energy": 65.331297, "activity_lines": [ 96.838668, 95.97891, 94.008049, 92.520474 ] }, { "date": "2024-07-26", "close": 94.989998, "volume": 128813, "typical_volume": 97759.55, "trend": 90.550334, "fair_value": 76.157628, "relative_strength": 3.546014, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.391528, "energy": 53.234422, "activity_lines": [ 96.2, 95.987273, 94.239001, 92.837033 ] }, { "date": "2024-08-02", "close": 92.160004, "volume": 99768, "typical_volume": 98458.75, "trend": 90.928334, "fair_value": 76.308141, "relative_strength": 5.940452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.024115, "energy": 24.305402, "activity_lines": [ 94.736001, 95.428183, 94.171144, 92.940882 ] }, { "date": "2024-08-09", "close": 92.339996, "volume": 205422, "typical_volume": 101569.5, "trend": 91.272334, "fair_value": 76.457756, "relative_strength": 6.775568, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.329999, "energy": 22.41558, "activity_lines": [ 93.66, 94.906909, 94.103239, 93.031957 ] }, { "date": "2024-08-16", "close": 95.400002, "volume": 95646, "typical_volume": 102245.7, "trend": 91.683334, "fair_value": 76.625385, "relative_strength": 5.971111, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.481719, "energy": 24.078428, "activity_lines": [ 93.914667, 94.913637, 94.32162, 93.298259 ] }, { "date": "2024-08-23", "close": 95.279999, "volume": 53953, "typical_volume": 99639.05, "trend": 92.029334, "fair_value": 76.789808, "relative_strength": 3.825424, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.581742, "energy": 21.078253, "activity_lines": [ 94.288666, 94.868364, 94.511143, 93.530302 ] }, { "date": "2024-08-30", "close": 95.959999, "volume": 49102, "typical_volume": 96862.3, "trend": 92.350334, "fair_value": 76.958654, "relative_strength": 2.325338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.087473, "energy": 22.129704, "activity_lines": [ 94.930666, 94.957454, 94.742762, 93.783893 ] }, { "date": "2024-09-06", "close": 92.75, "volume": 144340, "typical_volume": 99612.95, "trend": 92.527, "fair_value": 77.110064, "relative_strength": 2.103653, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.677952, "energy": 11.610502, "activity_lines": [ 94.438, 94.477454, 94.646953, 93.809678 ] }, { "date": "2024-09-13", "close": 96.279999, "volume": 116263, "typical_volume": 101475.25, "trend": 92.804334, "fair_value": 77.284551, "relative_strength": 5.001142, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.172452, "energy": 24.972954, "activity_lines": [ 95.082666, 94.718, 94.866191, 94.051807 ] }, { "date": "2024-09-20", "close": 96.830002, "volume": 73651, "typical_volume": 101614.6, "trend": 93.077334, "fair_value": 77.461603, "relative_strength": 4.855024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.584761, "energy": 28.998734, "activity_lines": [ 95.648, 95.071636, 95.108238, 94.311527 ] }, { "date": "2024-09-27", "close": 97.709999, "volume": 101707, "typical_volume": 103524.35, "trend": 93.366667, "fair_value": 77.651218, "relative_strength": 2.790306, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 62.201369, "energy": 44.316157, "activity_lines": [ 96.411333, 95.602727, 95.399953, 94.610409 ] }, { "date": "2024-10-04", "close": 98.790001, "volume": 126648, "typical_volume": 106894.4, "trend": 93.698334, "fair_value": 77.839359, "relative_strength": 7.270443, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.670254, "energy": 62.2431, "activity_lines": [ 97.372667, 96.297273, 95.765, 94.960301 ] }, { "date": "2024-10-11", "close": 100.730003, "volume": 159406, "typical_volume": 109188.75, "trend": 94.104334, "fair_value": 78.034103, "relative_strength": 6.954936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.194897, "energy": 73.464457, "activity_lines": [ 98.792001, 97.275455, 96.282858, 95.413958 ] }, { "date": "2024-10-18", "close": 102.379997, "volume": 124391, "typical_volume": 112068.9, "trend": 94.475, "fair_value": 78.233654, "relative_strength": 5.817393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.857685, "energy": 81.663468, "activity_lines": [ 100.229333, 98.397818, 96.918381, 95.947871 ] }, { "date": "2024-10-25", "close": 102.529999, "volume": 138959, "typical_volume": 114855.3, "trend": 94.834667, "fair_value": 78.425, "relative_strength": 7.082251, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.670339, "energy": 84.346949, "activity_lines": [ 101.31, 99.364909, 97.512952, 96.467549 ] }, { "date": "2024-11-01", "close": 100.620003, "volume": 171828, "typical_volume": 119757.95, "trend": 95.171334, "fair_value": 78.592757, "relative_strength": 5.214526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.197639, "energy": 80.110632, "activity_lines": [ 101.374001, 99.855091, 97.883762, 96.840796 ] }, { "date": "2024-11-08", "close": 106.150002, "volume": 168375, "typical_volume": 123403.6, "trend": 95.663001, "fair_value": 78.793782, "relative_strength": 13.468913, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.542473, "energy": 90.624988, "activity_lines": [ 103.087334, 101.253637, 98.758619, 97.549097 ] }, { "date": "2024-11-15", "close": 105.910004, "volume": 240516, "typical_volume": 132254.0, "trend": 96.249667, "fair_value": 78.985, "relative_strength": 11.613242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.450126, "energy": 90.038987, "activity_lines": [ 104.230002, 102.423274, 99.565906, 98.210194 ] }, { "date": "2024-11-22", "close": 108.739998, "volume": 238832, "typical_volume": 134359.85, "trend": 96.872001, "fair_value": 79.205769, "relative_strength": 16.506549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.078951, "energy": 91.466725, "activity_lines": [ 105.970668, 103.868183, 100.600667, 99.016022 ] }, { "date": "2024-11-29", "close": 108.68, "volume": 140719, "typical_volume": 133350.15, "trend": 97.506001, "fair_value": 79.431154, "relative_strength": 16.232454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.446077, "energy": 90.815193, "activity_lines": [ 107.267334, 105.075637, 101.57381, 99.777828 ] }, { "date": "2024-12-06", "close": 109.519997, "volume": 289043, "typical_volume": 143369.1, "trend": 98.106334, "fair_value": 79.647692, "relative_strength": 12.235644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.824647, "energy": 90.682814, "activity_lines": [ 108.433999, 106.220364, 102.575095, 100.552925 ] }, { "date": "2024-12-13", "close": 109.660004, "volume": 198012, "typical_volume": 146829.05, "trend": 98.692334, "fair_value": 79.86718, "relative_strength": 11.577212, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.370751, "energy": 89.45614, "activity_lines": [ 109.054001, 107.175819, 103.524858, 101.298323 ] }, { "date": "2024-12-20", "close": 108.629997, "volume": 231172, "typical_volume": 153399.25, "trend": 99.232, "fair_value": 80.072693, "relative_strength": 13.786786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.512788, "energy": 77.204864, "activity_lines": [ 109.096666, 107.746364, 104.306667, 101.939463 ] }, { "date": "2024-12-27", "close": 108.870003, "volume": 66794, "typical_volume": 146467.85, "trend": 99.835, "fair_value": 80.272885, "relative_strength": 12.32311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.323464, "energy": 64.206015, "activity_lines": [ 109.038001, 108.21691, 105.032905, 102.561269 ] }, { "date": "2025-01-03", "close": 109.440002, "volume": 68670, "typical_volume": 145119.05, "trend": 100.358334, "fair_value": 80.490577, "relative_strength": 12.599264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.889345, "energy": 62.825509, "activity_lines": [ 109.160668, 108.673092, 105.734715, 103.180947 ] }, { "date": "2025-01-10", "close": 108.089996, "volume": 128458, "typical_volume": 148844.3, "trend": 100.765667, "fair_value": 80.706539, "relative_strength": 7.878338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.986435, "energy": 54.501272, "activity_lines": [ 108.782666, 108.758182, 106.241095, 103.679764 ] }, { "date": "2025-01-17", "close": 110.919998, "volume": 116300, "typical_volume": 152204.2, "trend": 101.237667, "fair_value": 80.953718, "relative_strength": 6.880156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.51263, "energy": 58.713169, "activity_lines": [ 109.443332, 109.221999, 106.956, 104.334882 ] }, { "date": "2025-01-24", "close": 110.75, "volume": 142014, "typical_volume": 152087.9, "trend": 101.693334, "fair_value": 81.204423, "relative_strength": 6.724064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.800127, "energy": 56.437686, "activity_lines": [ 109.963332, 109.568181, 107.583476, 104.948581 ] }, { "date": "2025-01-31", "close": 111.830002, "volume": 235739, "typical_volume": 158061.7, "trend": 102.187667, "fair_value": 81.461731, "relative_strength": 6.780843, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.32047, "energy": 57.31413, "activity_lines": [ 110.702, 110.022727, 108.228095, 105.602559 ] }, { "date": "2025-02-07", "close": 111.32, "volume": 284257, "typical_volume": 168592.0, "trend": 102.638667, "fair_value": 81.712308, "relative_strength": 4.480657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.337958, "energy": 59.897137, "activity_lines": [ 111.073333, 110.328364, 108.750095, 106.191742 ] }, { "date": "2025-02-14", "close": 110.860001, "volume": 124187, "typical_volume": 169716.0, "trend": 103.137334, "fair_value": 81.970769, "relative_strength": 1.423121, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.724539, "energy": 55.820035, "activity_lines": [ 111.166001, 110.502364, 109.159286, 106.722151 ] }, { "date": "2025-02-21", "close": 110.879997, "volume": 126172, "typical_volume": 169692.2, "trend": 103.667, "fair_value": 82.225705, "relative_strength": 0.154466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.065346, "energy": 53.877604, "activity_lines": [ 111.080666, 110.655636, 109.507762, 107.221677 ] }, { "date": "2025-02-28", "close": 107.68, "volume": 151776, "typical_volume": 169310.7, "trend": 104.184333, "fair_value": 82.453013, "relative_strength": -3.377909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.097152, "energy": 32.653227, "activity_lines": [ 109.931333, 110.204909, 109.493905, 107.480581 ] }, { "date": "2025-03-07", "close": 99.919998, "volume": 231977, "typical_volume": 174690.0, "trend": 104.437, "fair_value": 82.636731, "relative_strength": -10.154735, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -18.114918, "energy": 25.588721, "activity_lines": [ 106.399999, 108.360545, 108.707904, 107.205462 ] }, { "date": "2025-03-14", "close": 98.32, "volume": 236905, "typical_volume": 179587.3, "trend": 104.534333, "fair_value": 82.795641, "relative_strength": -11.696615, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.149084, "energy": 50.286089, "activity_lines": [ 103.129332, 106.387999, 107.781238, 106.810817 ] }, { "date": "2025-03-21", "close": 99.43, "volume": 130348, "typical_volume": 177513.3, "trend": 104.672667, "fair_value": 82.949039, "relative_strength": -11.506243, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.176474, "energy": 61.053025, "activity_lines": [ 101.095333, 104.819454, 106.980333, 106.481505 ] }, { "date": "2025-03-28", "close": 98.480003, "volume": 104700, "typical_volume": 174329.55, "trend": 104.756667, "fair_value": 83.09718, "relative_strength": -11.621995, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.56899, "energy": 73.919072, "activity_lines": [ 99.506667, 103.235637, 106.094619, 106.081979 ] }, { "date": "2025-04-04", "close": 89.82, "volume": 220505, "typical_volume": 173329.0, "trend": 104.659, "fair_value": 83.184295, "relative_strength": -9.837097, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -66.163999, "energy": 87.065108, "activity_lines": [ 95.858001, 100.303455, 104.420667, 105.118323 ] }, { "date": "2025-04-11", "close": 88.25, "volume": 700275, "typical_volume": 196401.15, "trend": 104.391334, "fair_value": 83.266539, "relative_strength": -9.727832, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.116754, "energy": 94.242085, "activity_lines": [ 92.876667, 97.466364, 102.673809, 104.059677 ] }, { "date": "2025-04-18", "close": 88.779999, "volume": 193569, "typical_volume": 199043.65, "trend": 104.123, "fair_value": 83.362115, "relative_strength": -14.03441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.659448, "energy": 90.406528, "activity_lines": [ 90.85, 95.154364, 101.075, 103.052495 ] }, { "date": "2025-04-25", "close": 91.980003, "volume": 129532, "typical_volume": 191068.1, "trend": 103.932, "fair_value": 83.479103, "relative_strength": -14.102024, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.635591, "energy": 80.101117, "activity_lines": [ 90.526001, 93.834001, 99.875714, 102.269075 ] }, { "date": "2025-05-02", "close": 95.43, "volume": 110363, "typical_volume": 186685.65, "trend": 103.82, "fair_value": 83.631154, "relative_strength": -13.05601, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.821539, "energy": 60.993207, "activity_lines": [ 91.848667, 93.484182, 99.088524, 101.720559 ] }, { "date": "2025-05-09", "close": 96.029999, "volume": 116572, "typical_volume": 180955.65, "trend": 103.663333, "fair_value": 83.791667, "relative_strength": -14.709683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.620932, "energy": 45.18725, "activity_lines": [ 93.574667, 93.524364, 98.426238, 101.217979 ] }, { "date": "2025-05-16", "close": 101.540001, "volume": 163392, "typical_volume": 185785.55, "trend": 103.635334, "fair_value": 84.009487, "relative_strength": -12.607618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.162744, "energy": 24.317116, "activity_lines": [ 96.723334, 94.778182, 98.348714, 101.080989 ] }, { "date": "2025-05-23", "close": 97.629997, "volume": 129937, "typical_volume": 188848.9, "trend": 103.472, "fair_value": 84.180705, "relative_strength": -13.338282, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.843125, "energy": 26.588321, "activity_lines": [ 97.682666, 95.291636, 97.933714, 100.693548 ] }, { "date": "2025-05-30", "close": 99.169998, "volume": 64681, "typical_volume": 185660.05, "trend": 103.423667, "fair_value": 84.364167, "relative_strength": -13.222793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.868019, "energy": 25.056839, "activity_lines": [ 98.565332, 96.097636, 97.721619, 100.416 ] }, { "date": "2025-06-06", "close": 100.5, "volume": 64007, "typical_volume": 183045.4, "trend": 103.235333, "fair_value": 84.570128, "relative_strength": -13.039933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.206434, "energy": 23.303477, "activity_lines": [ 99.411999, 97.150181, 97.678666, 100.227376 ] }, { "date": "2025-06-13", "close": 99.330002, "volume": 127371, "typical_volume": 182313.25, "trend": 103.016, "fair_value": 84.792115, "relative_strength": -11.268218, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.490114, "energy": 14.839364, "activity_lines": [ 99.530667, 97.953273, 97.573905, 99.975419 ] }, { "date": "2025-06-20", "close": 99.230003, "volume": 121139, "typical_volume": 176583.25, "trend": 102.699, "fair_value": 84.993654, "relative_strength": -10.660257, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.314065, "energy": 13.597215, "activity_lines": [ 99.396001, 98.565273, 97.514, 99.731161 ] }, { "date": "2025-06-27", "close": 100.809998, "volume": 87123, "typical_volume": 166726.55, "trend": 102.436667, "fair_value": 85.210192, "relative_strength": -10.165838, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.376258, "energy": 11.702104, "activity_lines": [ 99.942, 99.264909, 97.664571, 99.60929 ] }, { "date": "2025-07-04", "close": 101.309998, "volume": 115285, "typical_volume": 166281.45, "trend": 102.163, "fair_value": 85.405128, "relative_strength": -9.263294, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.03226, "energy": 12.183917, "activity_lines": [ 100.442666, 99.836727, 97.912809, 99.536602 ] }, { "date": "2025-07-11", "close": 102.290001, "volume": 87847, "typical_volume": 164365.2, "trend": 101.917333, "fair_value": 85.609423, "relative_strength": -9.257285, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.876132, "energy": 33.376208, "activity_lines": [ 101.127333, 100.417091, 98.299857, 99.544796 ] }, { "date": "2025-07-18", "close": 103.330002, "volume": 116734, "typical_volume": 162613.1, "trend": 101.740667, "fair_value": 85.812051, "relative_strength": -8.717286, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.655463, "energy": 50.116289, "activity_lines": [ 102.039334, 101.061818, 98.826857, 99.635936 ] }, { "date": "2025-07-25", "close": 104.010002, "volume": 94226, "typical_volume": 155725.55, "trend": 101.578667, "fair_value": 86.003718, "relative_strength": -8.891212, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.695574, "energy": 58.507176, "activity_lines": [ 102.911334, 101.697455, 99.439334, 99.782344 ] }, { "date": "2025-08-01", "close": 103.25, "volume": 208280, "typical_volume": 154294.3, "trend": 101.372333, "fair_value": 86.185898, "relative_strength": -7.59803, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.182412, "energy": 56.395652, "activity_lines": [ 103.211334, 102.150001, 99.959953, 99.890172 ] }, { "date": "2025-08-08", "close": 104.57, "volume": 108038, "typical_volume": 153178.8, "trend": 101.255, "fair_value": 86.366474, "relative_strength": -9.952737, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.193824, "energy": 59.617806, "activity_lines": [ 103.788667, 102.740364, 100.58281, 100.096473 ] }, { "date": "2025-08-15", "close": 105.959999, "volume": 64741, "typical_volume": 151180.85, "trend": 101.089667, "fair_value": 86.547308, "relative_strength": -10.711006, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.380272, "energy": 69.657455, "activity_lines": [ 104.612, 103.485273, 101.313572, 100.400022 ] }, { "date": "2025-08-22", "close": 105.790001, "volume": 86691, "typical_volume": 144490.15, "trend": 100.924333, "fair_value": 86.737628, "relative_strength": -11.967886, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.564907, "energy": 71.002983, "activity_lines": [ 105.134, 104.1, 101.992524, 100.703269 ] }, { "date": "2025-08-29", "close": 105.669998, "volume": 139951, "typical_volume": 116473.95, "trend": 100.719, "fair_value": 86.941154, "relative_strength": -9.566107, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.930964, "energy": 82.985542, "activity_lines": [ 105.451999, 104.575454, 102.584, 101.009441 ] }, { "date": "2025-09-05", "close": 105.510002, "volume": 96459, "typical_volume": 111618.45, "trend": 100.525333, "fair_value": 87.138654, "relative_strength": -8.26756, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.790404, "energy": 80.046249, "activity_lines": [ 105.606, 104.904728, 103.077286, 101.318538 ] }, { "date": "2025-09-12", "close": 107.699997, "volume": 122561, "typical_volume": 111269.9, "trend": 100.42, "fair_value": 87.348333, "relative_strength": -8.255202, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.610119, "energy": 84.616793, "activity_lines": [ 106.339333, 105.546727, 103.699476, 101.781419 ] }, { "date": "2025-09-19", "close": 108.269997, "volume": 199337, "typical_volume": 115718.6, "trend": 100.333, "fair_value": 87.592628, "relative_strength": -7.015521, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.196277, "energy": 81.12557, "activity_lines": [ 107.053998, 106.176181, 104.301095, 102.287871 ] }, { "date": "2025-09-26", "close": 108.529999, "volume": 210964, "typical_volume": 120438.2, "trend": 100.361333, "fair_value": 87.844487, "relative_strength": -7.348212, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.051647, "energy": 79.607474, "activity_lines": [ 107.701332, 106.744181, 104.866333, 102.816709 ] }, { "date": "2025-10-03", "close": 110.029999, "volume": 248892, "typical_volume": 124713.2, "trend": 100.698333, "fair_value": 88.105321, "relative_strength": -7.138396, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.002168, "energy": 86.857627, "activity_lines": [ 108.665999, 107.490363, 105.514904, 103.440494 ] }, { "date": "2025-10-10", "close": 109.389999, "volume": 194022, "typical_volume": 127917.45, "trend": 101.067333, "fair_value": 88.365705, "relative_strength": -4.798255, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.879918, "energy": 73.675296, "activity_lines": [ 109.126665, 108.010726, 106.062095, 104.001247 ] }, { "date": "2025-10-17", "close": 108.699997, "volume": 261973, "typical_volume": 137782.05, "trend": 101.376333, "fair_value": 88.615128, "relative_strength": -4.53681, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.789199, "energy": 61.479069, "activity_lines": [ 109.098665, 108.293998, 106.487571, 104.493677 ] }, { "date": "2025-10-24", "close": 111.089996, "volume": 128058, "typical_volume": 140984.6, "trend": 101.796666, "fair_value": 88.866474, "relative_strength": -3.8857, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.092263, "energy": 65.115602, "activity_lines": [ 109.800664, 108.936725, 107.095285, 105.120365 ] }, { "date": "2025-10-31", "close": 113.739998, "volume": 206867, "typical_volume": 144959.4, "trend": 102.594, "fair_value": 89.148141, "relative_strength": -2.97772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.54049, "energy": 72.776306, "activity_lines": [ 111.197997, 109.967998, 107.904951, 105.890902 ] }, { "date": "2025-11-07", "close": 110.190002, "volume": 332712, "typical_volume": 155538.05, "trend": 103.325333, "fair_value": 89.399487, "relative_strength": -5.05879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.109911, "energy": 59.448115, "activity_lines": [ 111.064666, 110.209271, 108.307904, 106.380967 ] }, { "date": "2025-11-14", "close": 111.57, "volume": 400951, "typical_volume": 171229.45, "trend": 104.085, "fair_value": 89.660513, "relative_strength": -5.84706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.399968, "energy": 57.746363, "activity_lines": [ 111.380666, 110.619272, 108.790094, 106.912881 ] }, { "date": "2025-11-21", "close": 109.660004, "volume": 320431, "typical_volume": 181486.75, "trend": 104.674333, "fair_value": 89.903333, "relative_strength": -4.104534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.184033, "energy": 47.878382, "activity_lines": [ 110.914668, 110.571818, 109.039142, 107.272559 ] }, { "date": "2025-11-28", "close": 113.199997, "volume": 116826, "typical_volume": 182935.7, "trend": 105.266666, "fair_value": 90.170385, "relative_strength": -2.145279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.067562, "energy": 47.986764, "activity_lines": [ 111.564667, 111.132363, 109.585571, 107.822602 ] }, { "date": "2025-12-05", "close": 113.32, "volume": 173363, "typical_volume": 185767.15, "trend": 105.843, "fair_value": 90.449231, "relative_strength": -1.829036, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.328647, "energy": 49.808213, "activity_lines": [ 112.114, 111.625091, 110.091475, 108.342171 ] }, { "date": "2025-12-12", "close": 111.529999, "volume": 181154, "typical_volume": 190113.55, "trend": 106.176, "fair_value": 90.732628, "relative_strength": -3.15313, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.854348, "energy": 42.50167, "activity_lines": [ 112.094666, 111.705272, 110.379333, 108.709075 ] }, { "date": "2025-12-19", "close": 111.989998, "volume": 306994, "typical_volume": 195049.25, "trend": 106.654666, "fair_value": 91.021667, "relative_strength": -4.962769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.86058, "energy": 42.873734, "activity_lines": [ 112.139332, 111.841818, 110.67519, 109.084171 ] }, { "date": "2025-12-26", "close": 112.480003, "volume": 43221, "typical_volume": 191808.4, "trend": 107.098333, "fair_value": 91.317564, "relative_strength": -3.756051, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.703963, "energy": 40.020396, "activity_lines": [ 112.319333, 112.020182, 110.976095, 109.46 ] }, { "date": "2026-01-02", "close": 112.010002, "volume": 183133, "typical_volume": 197728.0, "trend": 107.482, "fair_value": 91.601731, "relative_strength": -5.265031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.605376, "energy": 33.722919, "activity_lines": [ 112.154668, 112.044364, 111.194571, 109.776881 ] }, { "date": "2026-01-09", "close": 114.879997, "volume": 217772, "typical_volume": 204282.05, "trend": 108.000333, "fair_value": 91.901154, "relative_strength": -3.165217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.683229, "energy": 44.492635, "activity_lines": [ 113.026, 112.573636, 111.657571, 110.254172 ] }, { "date": "2026-01-16", "close": 115.209999, "volume": 144763, "typical_volume": 204522.65, "trend": 108.532999, "fair_value": 92.2075, "relative_strength": -2.667229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.226238, "energy": 55.630165, "activity_lines": [ 113.903333, 113.142181, 112.108714, 110.719311 ] }, { "date": "2026-01-23", "close": 113.050003, "volume": 210581, "typical_volume": 210228.75, "trend": 108.941, "fair_value": 92.486282, "relative_strength": -2.037948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.387605, "energy": 43.255865, "activity_lines": [ 113.815334, 113.226728, 112.308714, 111.010731 ] }, { "date": "2026-01-30", "close": 112.25, "volume": 140581, "typical_volume": 211129.75, "trend": 109.305666, "fair_value": 92.746474, "relative_strength": -3.78432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.524856, "energy": 38.850608, "activity_lines": [ 113.39, 113.138909, 112.396619, 111.224215 ] }, { "date": "2026-02-06", "close": 112.230003, "volume": 177699, "typical_volume": 210047.85, "trend": 109.637, "fair_value": 93.01109, "relative_strength": -4.134085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.528089, "energy": 25.809444, "activity_lines": [ 112.973335, 113.000364, 112.460953, 111.412882 ] }, { "date": "2026-02-13", "close": 111.080002, "volume": 167525, "typical_volume": 207875.9, "trend": 109.895333, "fair_value": 93.270128, "relative_strength": -3.841414, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.89282, "energy": 16.533963, "activity_lines": [ 112.158668, 112.670365, 112.396905, 111.505979 ] }, { "date": "2026-02-20", "close": 112.529999, "volume": 132677, "typical_volume": 202065.15, "trend": 110.179333, "fair_value": 93.544295, "relative_strength": -4.434631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.96065, "energy": 17.724761, "activity_lines": [ 112.080668, 112.644728, 112.45881, 111.675957 ] }, { "date": "2026-02-27", "close": 111.919998, "volume": 140520, "typical_volume": 199390.05, "trend": 110.468333, "fair_value": 93.81, "relative_strength": -6.140842, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.289277, "energy": 16.017345, "activity_lines": [ 111.978, 112.49, 112.450714, 111.788258 ] }, { "date": "2026-03-06", "close": 113.379997, "volume": 186268, "typical_volume": 195604.8, "trend": 110.762, "fair_value": 94.096731, "relative_strength": 1.685464, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.338577, "energy": 15.917755, "activity_lines": [ 112.437332, 112.602, 112.569619, 111.976107 ] }, { "date": "2026-03-13", "close": 111.989998, "volume": 144590, "typical_volume": 196431.4, "trend": 110.962999, "fair_value": 94.375513, "relative_strength": 0.077463, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.80438, "energy": 10.049933, "activity_lines": [ 112.357998, 112.444908, 112.533857, 112.055333 ] }, { "date": "2026-03-20", "close": 109.150002, "volume": 152543, "typical_volume": 193715.2, "trend": 111.075, "fair_value": 94.637628, "relative_strength": 0.899585, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -8.635287, "energy": 10.709835, "activity_lines": [ 111.347999, 111.771818, 112.223333, 111.938365 ] }, { "date": "2026-03-27", "close": 107.239998, "volume": 211075, "typical_volume": 187633.35, "trend": 111.127333, "fair_value": 94.876667, "relative_strength": -2.043332, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.727989, "energy": 42.631621, "activity_lines": [ 109.829999, 110.855636, 111.752762, 111.690946 ] }, { "date": "2026-04-03", "close": 109.639999, "volume": 159686, "typical_volume": 175570.1, "trend": 111.264999, "fair_value": 95.132372, "relative_strength": -4.643674, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.873794, "energy": 45.068746, "activity_lines": [ 109.464666, 110.520726, 111.524809, 111.594989 ] }, { "date": "2026-04-10", "close": 112.230003, "volume": 137924, "typical_volume": 166444.75, "trend": 111.416, "fair_value": 95.402756, "relative_strength": -6.289873, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.195647, "energy": 34.742318, "activity_lines": [ 110.114667, 110.718727, 111.552714, 111.657247 ] }, { "date": "2026-04-17", "close": 116.449997, "volume": 188867, "typical_volume": 170046.8, "trend": 111.688666, "fair_value": 95.699872, "relative_strength": -5.21196, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.651851, "energy": 10.855429, "activity_lines": [ 112.247999, 111.684363, 111.970285, 111.982021 ] }, { "date": "2026-04-24", "close": 117.580002, "volume": 133707, "typical_volume": 168064.0, "trend": 111.990333, "fair_value": 96.003846, "relative_strength": -1.859448, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.848771, "energy": 47.550969, "activity_lines": [ 114.460667, 112.778727, 112.48, 112.362107 ] }, { "date": "2026-05-01", "close": 117.800003, "volume": 91684, "typical_volume": 163590.5, "trend": 112.249333, "fair_value": 96.311923, "relative_strength": -2.842424, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.674581, "energy": 71.594822, "activity_lines": [ 116.184668, 113.79491, 112.990381, 112.736925 ] }, { "date": "2026-05-08", "close": 121.019997, "volume": 144874, "typical_volume": 155484.5, "trend": 112.637, "fair_value": 96.634359, "relative_strength": -2.312835, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.193203, "energy": 87.571896, "activity_lines": [ 118.278, 115.300727, 113.777571, 113.302774 ] }, { "date": "2026-05-15", "close": 123.269997, "volume": 131948, "typical_volume": 159920.85, "trend": 113.122666, "fair_value": 96.961154, "relative_strength": -0.153479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.405596, "energy": 93.446449, "activity_lines": [ 120.362666, 117.050181, 114.736047, 113.988774 ] }, { "date": "2026-05-22", "close": 124.589996, "volume": 136744, "typical_volume": 157601.4, "trend": 113.572666, "fair_value": 97.29109, "relative_strength": 0.077513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.460177, "energy": 94.259507, "activity_lines": [ 122.151331, 118.859817, 115.768856, 114.728602 ] }, { "date": "2026-05-29", "close": 125.25, "volume": 168912, "typical_volume": 155158.4, "trend": 113.956333, "fair_value": 97.617051, "relative_strength": -0.472232, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.076713, "energy": 92.987715, "activity_lines": [ 123.617331, 120.560363, 116.804618, 115.481978 ] }, { "date": "2026-06-05", "close": 125.190002, "volume": 25308, "typical_volume": 149185.65, "trend": 114.456333, "fair_value": 97.940769, "relative_strength": -0.258663, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.995209, "energy": 90.39951, "activity_lines": [ 124.551999, 121.957272, 117.785285, 116.206731 ] }, { "date": "2026-06-12", "close": 123.970001, "volume": 51752, "typical_volume": 141244.2, "trend": 114.869667, "fair_value": 98.250833, "relative_strength": -4.225625, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.951147, "energy": 85.452845, "activity_lines": [ 124.587333, 122.806, 118.602238, 116.820516 ] }, { "date": "2026-06-19", "close": 126.18, "volume": 18106, "typical_volume": 135120.45, "trend": 115.420333, "fair_value": 98.581218, "relative_strength": -4.908897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.742253, "energy": 84.085355, "activity_lines": [ 125.162667, 123.796, 119.577666, 117.550215 ] }, { "date": "2026-06-26", "close": 124.839996, "volume": 32232, "typical_volume": 127847.1, "trend": 115.808333, "fair_value": 98.894423, "relative_strength": -2.936395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.78244, "energy": 65.014142, "activity_lines": [ 125.097332, 124.288726, 120.359142, 118.157935 ] }, { "date": "2026-07-03", "close": 126.620003, "volume": 15219, "typical_volume": 120231.8, "trend": 116.251666, "fair_value": 99.222949, "relative_strength": -4.331794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.247841, "energy": 67.702199, "activity_lines": [ 125.608667, 124.952545, 121.250095, 118.855462 ] }, { "date": "2026-07-10", "close": 127.589996, "volume": 146089, "typical_volume": 120902.4, "trend": 116.787, "fair_value": 99.558846, "relative_strength": -3.128699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.205568, "energy": 75.217282, "activity_lines": [ 126.351999, 125.628363, 122.159428, 119.586967 ] }, { "date": "2026-07-17", "close": 126.160004, "volume": 175171, "typical_volume": 122634.95, "trend": 117.259333, "fair_value": 99.877115, "relative_strength": -2.764682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.312002, "energy": 67.647656, "activity_lines": [ 126.458667, 125.866182, 122.860857, 120.191677 ] }, { "date": "2026-07-24", "close": 126.32, "volume": 147620, "typical_volume": 120702.55, "trend": 117.720666, "fair_value": 100.188269, "relative_strength": -2.404421, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.037828, "energy": 63.720025, "activity_lines": [ 126.472667, 126.039636, 123.509714, 120.776236 ] }, { "date": "2026-07-31", "close": 124.839996, "volume": 151262, "typical_volume": 121036.15, "trend": 118.148333, "fair_value": 100.496795, "relative_strength": -4.091927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.313204, "energy": 56.639862, "activity_lines": [ 125.983999, 125.888545, 123.955999, 121.235548 ] }, { "date": "2026-08-07", "close": 129.679993, "volume": 166244, "typical_volume": 121721.2, "trend": 118.641666, "fair_value": 100.840641, "relative_strength": -3.163956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.197, "energy": 64.313652, "activity_lines": [ 127.108664, 126.612907, 124.802046, 121.979526 ] } ], "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." } } }