{ "ticker": { "uuid": "1d4de5b1-5e27-4e7a-9e32-683ac4365ce4", "symbol": "AFL", "name": "Aflac Incorporated", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 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": 65.334, "architecture_energy": 74.253, "architecture_maturity": 32.784, "architecture_confidence": 78.853, "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": 5.58, "rotation_up": 72.86, "upward_expansion": 92.64, "deceleration": 43.22, "rotation_down": 12.51, "downward_expansion": 16.98 }, "activity_lines": [ 125.408, 123.417636, 120.06869, 117.632497 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 124.61, "trend_reference": 114.868649, "distance_from_trend": 0.084804, "trend_direction": "Improving", "fair_value": 98.181087, "distance_from_fair_value": 0.269185, "fair_value_direction": "Improving", "relative_strength": -0.736269, "relative_strength_direction": "Improving", "price_momentum": 0.074955, "excess_performance": -0.05067, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084804, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036357, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.269185, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.06756, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.007363, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.059243, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.074955, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.707387, "read": "Demand-led" } ], "volume": { "latest": 11264314, "relative_activity": 1.001305, "balance": 1.707387, "dry_up": 0.912702, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.03772, "annualized_volatility": 0.166183, "from_high_reference": -0.043081, "from_low_reference": 0.232369 }, "levels": { "trend_reference": 114.868649, "fair_value_reference": 98.181087, "structural_low": 105.212486, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": 0.017191, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.001741, "regime_survival": 0.742857, "best_return": 0.127543, "worst_return": -0.111264, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.03015, "positive_rate": 0.615385, "directional_follow_through": 0.615385, "median_excess_return": -0.024573, "regime_survival": 0.538462, "best_return": 0.199453, "worst_return": -0.135484, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.017974, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.008542, "regime_survival": 0.428571, "best_return": 0.307471, "worst_return": -0.005858, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.202503, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.025128, "regime_survival": 0.75, "best_return": 0.301541, "worst_return": 0.045416, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2024-12-27", "tenure": "New", "return": -0.036623, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.021035, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.008358, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-08-01", "tenure": "Established", "return": -0.042413, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-08", "end": "2025-08-15", "tenure": "New", "return": 0.017968, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": -0.014752, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": 0.041429, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": -0.045673, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": 0.002191, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2025-12-12", "tenure": "New", "return": -0.00838, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-02-06", "tenure": "Developing", "return": 0.061526, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-03-13", "tenure": "Developing", "return": -0.048876, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-05-08", "tenure": "Developing", "return": 0.064771, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.072326, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 70.180193, "volume": 9889298, "typical_volume": 10952032.35, "trend": 64.049014, "fair_value": 52.702294, "relative_strength": 3.370947, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.92626, "energy": 84.256825, "activity_lines": [ 70.49523, 68.764571, 66.508761, 65.146263 ] }, { "date": "2023-08-25", "close": 70.016038, "volume": 9639077, "typical_volume": 10986070.8, "trend": 64.132425, "fair_value": 52.942778, "relative_strength": 2.081267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.3781, "energy": 81.182391, "activity_lines": [ 70.521772, 69.238648, 66.999364, 65.531232 ] }, { "date": "2023-09-01", "close": 70.506386, "volume": 9346437, "typical_volume": 10918162.0, "trend": 64.34083, "fair_value": 53.182308, "relative_strength": 0.060485, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.725855, "energy": 63.890453, "activity_lines": [ 70.570188, 69.712466, 67.48966, 65.942455 ] }, { "date": "2023-09-08", "close": 70.562964, "volume": 10127572, "typical_volume": 10917354.3, "trend": 64.535997, "fair_value": 53.43045, "relative_strength": 1.21648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.773749, "energy": 52.879819, "activity_lines": [ 70.461949, 70.059205, 67.943322, 66.343883 ] }, { "date": "2023-09-15", "close": 72.147166, "volume": 14185192, "typical_volume": 10879822.45, "trend": 64.786718, "fair_value": 53.680836, "relative_strength": 3.388075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.978555, "energy": 56.464759, "activity_lines": [ 70.981274, 70.600931, 68.504547, 66.834926 ] }, { "date": "2023-09-22", "close": 71.95857, "volume": 9651617, "typical_volume": 10667442.1, "trend": 65.055996, "fair_value": 53.941627, "relative_strength": 5.95787, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.747949, "energy": 55.606637, "activity_lines": [ 71.406614, 70.990605, 69.014124, 67.297627 ] }, { "date": "2023-09-29", "close": 72.37348, "volume": 10624718, "typical_volume": 10735625.1, "trend": 65.34314, "fair_value": 54.198625, "relative_strength": 7.013161, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.423013, "energy": 57.567032, "activity_lines": [ 71.851699, 71.333544, 69.5204, 67.769722 ] }, { "date": "2023-10-06", "close": 73.175011, "volume": 11299327, "typical_volume": 10821963.65, "trend": 65.793949, "fair_value": 54.453916, "relative_strength": 7.397262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.26959, "energy": 59.605158, "activity_lines": [ 72.406799, 71.740741, 70.051655, 68.275004 ] }, { "date": "2023-10-13", "close": 75.673899, "volume": 12723227, "typical_volume": 10940022.15, "trend": 66.413141, "fair_value": 54.730219, "relative_strength": 10.283314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.099996, "energy": 72.67847, "activity_lines": [ 73.616952, 72.505894, 70.771053, 68.91242 ] }, { "date": "2023-10-20", "close": 73.156151, "volume": 11754399, "typical_volume": 10894002.6, "trend": 66.899032, "fair_value": 54.986791, "relative_strength": 8.942925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.187174, "energy": 55.728872, "activity_lines": [ 73.647128, 72.747483, 71.178251, 69.347453 ] }, { "date": "2023-10-27", "close": 72.128306, "volume": 10866498, "typical_volume": 10967809.95, "trend": 67.299735, "fair_value": 55.258658, "relative_strength": 9.898058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.414709, "energy": 48.468269, "activity_lines": [ 73.267422, 72.77536, 71.436552, 69.684826 ] }, { "date": "2023-11-03", "close": 77.540994, "volume": 18555182, "typical_volume": 11143194.35, "trend": 67.879618, "fair_value": 55.548669, "relative_strength": 11.466292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.216786, "energy": 61.495892, "activity_lines": [ 74.68063, 73.751941, 72.174817, 70.345552 ] }, { "date": "2023-11-10", "close": 76.833761, "volume": 10079532, "typical_volume": 11114653.2, "trend": 68.384688, "fair_value": 55.808224, "relative_strength": 8.843064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.884522, "energy": 58.699839, "activity_lines": [ 75.513593, 74.463117, 72.786477, 70.923239 ] }, { "date": "2023-11-17", "close": 77.503033, "volume": 11568988, "typical_volume": 11261936.0, "trend": 68.919209, "fair_value": 56.057393, "relative_strength": 7.267764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.091414, "energy": 68.082568, "activity_lines": [ 76.32573, 75.180936, 73.395769, 71.511519 ] }, { "date": "2023-11-24", "close": 78.611979, "volume": 6844457, "typical_volume": 11186554.1, "trend": 69.370519, "fair_value": 56.305594, "relative_strength": 7.684237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.548946, "energy": 83.063822, "activity_lines": [ 77.385574, 75.974198, 74.053257, 72.136859 ] }, { "date": "2023-12-01", "close": 78.299199, "volume": 14596619, "typical_volume": 11399016.65, "trend": 69.881583, "fair_value": 56.546087, "relative_strength": 6.325805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.757425, "energy": 75.036343, "activity_lines": [ 77.977435, 76.593049, 74.619329, 72.712903 ] }, { "date": "2023-12-08", "close": 78.24233, "volume": 10589319, "typical_volume": 11475965.3, "trend": 70.436711, "fair_value": 56.794404, "relative_strength": 5.960621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.533678, "energy": 63.542974, "activity_lines": [ 78.138947, 77.086276, 75.117794, 73.252306 ] }, { "date": "2023-12-15", "close": 76.365652, "volume": 17488197, "typical_volume": 11878486.8, "trend": 70.891985, "fair_value": 57.036056, "relative_strength": 1.076655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.557214, "energy": 50.533805, "activity_lines": [ 77.628145, 77.131582, 75.388242, 73.634818 ] }, { "date": "2023-12-22", "close": 77.199731, "volume": 9127568, "typical_volume": 11554239.6, "trend": 71.449758, "fair_value": 57.283337, "relative_strength": 1.40834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.488918, "energy": 43.074233, "activity_lines": [ 77.426575, 77.270528, 75.697688, 74.04177 ] }, { "date": "2023-12-29", "close": 78.194939, "volume": 4828822, "typical_volume": 11189302.3, "trend": 71.974759, "fair_value": 57.53344, "relative_strength": 2.50829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.220799, "energy": 41.177435, "activity_lines": [ 77.576962, 77.562678, 76.07742, 74.476943 ] }, { "date": "2024-01-05", "close": 78.403459, "volume": 8320847, "typical_volume": 11110879.75, "trend": 72.43264, "fair_value": 57.784767, "relative_strength": 4.546812, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.414955, "energy": 39.841951, "activity_lines": [ 77.824659, 77.801127, 76.445988, 74.891698 ] }, { "date": "2024-01-12", "close": 78.422416, "volume": 9000554, "typical_volume": 11078953.6, "trend": 72.876776, "fair_value": 58.024976, "relative_strength": 2.741014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.212801, "energy": 41.436662, "activity_lines": [ 78.071723, 77.928928, 76.777204, 75.278135 ] }, { "date": "2024-01-19", "close": 79.967358, "volume": 6220631, "typical_volume": 10922663.3, "trend": 73.443981, "fair_value": 58.275371, "relative_strength": 3.55336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.307988, "energy": 52.172971, "activity_lines": [ 78.821763, 78.321602, 77.215526, 75.735592 ] }, { "date": "2024-01-26", "close": 80.858306, "volume": 7105530, "typical_volume": 10771561.2, "trend": 73.957749, "fair_value": 58.538537, "relative_strength": 3.67557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.627636, "energy": 68.38635, "activity_lines": [ 79.628671, 78.819292, 77.693649, 76.213935 ] }, { "date": "2024-02-02", "close": 72.811336, "volume": 20070012, "typical_volume": 11065802.2, "trend": 74.195784, "fair_value": 58.748595, "relative_strength": -7.831782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.722761, "energy": 16.579474, "activity_lines": [ 77.509351, 77.792892, 77.356368, 76.139973 ] }, { "date": "2024-02-09", "close": 74.147759, "volume": 13294208, "typical_volume": 11247931.75, "trend": 74.492743, "fair_value": 58.958918, "relative_strength": -7.277036, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 3.398972, "energy": 8.255457, "activity_lines": [ 76.194413, 77.114944, 77.143202, 76.136875 ] }, { "date": "2024-02-16", "close": 75.237749, "volume": 11315340, "typical_volume": 11282462.85, "trend": 74.737587, "fair_value": 59.167744, "relative_strength": -5.476151, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.297358, "energy": 18.231403, "activity_lines": [ 75.526517, 76.710657, 77.023421, 76.18494 ] }, { "date": "2024-02-23", "close": 76.697715, "volume": 8205626, "typical_volume": 11127777.8, "trend": 75.031722, "fair_value": 59.387009, "relative_strength": -5.079994, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.771287, "energy": 21.832856, "activity_lines": [ 75.557588, 76.626447, 77.029044, 76.3114 ] }, { "date": "2024-03-01", "close": 76.716792, "volume": 12014097, "typical_volume": 11092321.3, "trend": 75.187101, "fair_value": 59.594679, "relative_strength": -5.861749, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.361027, "energy": 14.189512, "activity_lines": [ 75.812995, 76.539668, 77.01971, 76.420114 ] }, { "date": "2024-03-08", "close": 78.319231, "volume": 9926963, "typical_volume": 11000949.5, "trend": 75.408397, "fair_value": 59.801872, "relative_strength": -3.637863, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.737648, "energy": 15.362206, "activity_lines": [ 76.878648, 76.753022, 77.158023, 76.622187 ] }, { "date": "2024-03-15", "close": 80.474894, "volume": 14479634, "typical_volume": 11181606.3, "trend": 75.751553, "fair_value": 60.02675, "relative_strength": -1.039598, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.156726, "energy": 33.431871, "activity_lines": [ 78.295663, 77.356055, 77.47705, 76.949057 ] }, { "date": "2024-03-22", "close": 80.274589, "volume": 11264806, "typical_volume": 10817087.5, "trend": 76.093505, "fair_value": 60.24807, "relative_strength": -3.485883, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.526924, "energy": 49.306287, "activity_lines": [ 79.224101, 77.885007, 77.737256, 77.240866 ] }, { "date": "2024-03-29", "close": 81.896105, "volume": 7658512, "typical_volume": 10696036.5, "trend": 76.473162, "fair_value": 60.48058, "relative_strength": -1.976335, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.472585, "energy": 66.866799, "activity_lines": [ 80.357254, 78.675104, 78.138874, 77.615227 ] }, { "date": "2024-04-05", "close": 81.476419, "volume": 7922365, "typical_volume": 10513705.35, "trend": 76.836944, "fair_value": 60.709149, "relative_strength": -1.700933, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.052793, "energy": 69.311839, "activity_lines": [ 81.003953, 79.353826, 78.476416, 77.938018 ] }, { "date": "2024-04-12", "close": 76.573717, "volume": 12399208, "typical_volume": 10791442.9, "trend": 76.984496, "fair_value": 60.895995, "relative_strength": -6.224475, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.482165, "energy": 34.77894, "activity_lines": [ 79.69911, 79.129909, 78.328113, 77.921036 ] }, { "date": "2024-04-19", "close": 79.387524, "volume": 15201169, "typical_volume": 10821670.4, "trend": 77.232128, "fair_value": 61.101333, "relative_strength": 0.193162, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.201251, "energy": 27.992452, "activity_lines": [ 79.44857, 79.349187, 78.457498, 78.07607 ] }, { "date": "2024-04-26", "close": 79.749981, "volume": 9693924, "typical_volume": 10776900.65, "trend": 77.478011, "fair_value": 61.306947, "relative_strength": -1.9221, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.98795, "energy": 19.363595, "activity_lines": [ 79.39134, 79.539097, 78.61622, 78.238512 ] }, { "date": "2024-05-03", "close": 79.368448, "volume": 14413309, "typical_volume": 10623156.25, "trend": 77.684459, "fair_value": 61.496579, "relative_strength": -2.974533, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.761669, "energy": 17.811133, "activity_lines": [ 79.241906, 79.577597, 78.731426, 78.360476 ] }, { "date": "2024-05-10", "close": 82.105948, "volume": 8522822, "typical_volume": 10592918.95, "trend": 77.898861, "fair_value": 61.701768, "relative_strength": -1.537374, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.547185, "energy": 34.865334, "activity_lines": [ 80.173483, 80.065266, 79.093047, 78.645733 ] }, { "date": "2024-05-17", "close": 84.290226, "volume": 9232227, "typical_volume": 10813089.2, "trend": 78.269997, "fair_value": 61.921752, "relative_strength": -0.647998, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.2628, "energy": 65.806678, "activity_lines": [ 81.791183, 80.852092, 79.639332, 79.058079 ] }, { "date": "2024-05-24", "close": 84.119081, "volume": 8182841, "typical_volume": 10806188.9, "trend": 78.669689, "fair_value": 62.136692, "relative_strength": -1.000225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.09988, "energy": 73.110469, "activity_lines": [ 82.837402, 81.499236, 80.140292, 79.435439 ] }, { "date": "2024-05-31", "close": 86.210307, "volume": 9978198, "typical_volume": 10855071.1, "trend": 78.958666, "fair_value": 62.36046, "relative_strength": 1.671329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.126372, "energy": 82.231027, "activity_lines": [ 84.265259, 82.460346, 80.8132, 79.921931 ] }, { "date": "2024-06-07", "close": 85.174286, "volume": 9669414, "typical_volume": 11027510.25, "trend": 79.236684, "fair_value": 62.584623, "relative_strength": -0.881124, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.118938, "energy": 80.280243, "activity_lines": [ 84.917087, 83.125166, 81.350353, 80.322939 ] }, { "date": "2024-06-14", "close": 83.49555, "volume": 9780681, "typical_volume": 11161267.8, "trend": 79.436434, "fair_value": 62.821884, "relative_strength": -4.451439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.26087, "energy": 71.19193, "activity_lines": [ 84.62228, 83.425158, 81.702832, 80.597704 ] }, { "date": "2024-06-21", "close": 86.018451, "volume": 12645480, "typical_volume": 10790041.2, "trend": 79.683317, "fair_value": 63.063074, "relative_strength": -2.316535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.442346, "energy": 63.191129, "activity_lines": [ 85.075801, 84.147148, 82.283029, 81.02235 ] }, { "date": "2024-06-28", "close": 85.673111, "volume": 12455909, "typical_volume": 10748126.25, "trend": 79.929114, "fair_value": 63.30245, "relative_strength": -2.746012, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.168652, "energy": 49.957265, "activity_lines": [ 85.298993, 84.634626, 82.767446, 81.408789 ] }, { "date": "2024-07-05", "close": 85.423699, "volume": 6729200, "typical_volume": 10518819.25, "trend": 80.168493, "fair_value": 63.544804, "relative_strength": -4.875408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.413542, "energy": 45.587352, "activity_lines": [ 85.335445, 84.962474, 83.173226, 81.763278 ] }, { "date": "2024-07-12", "close": 88.867506, "volume": 8542929, "typical_volume": 10535684.4, "trend": 80.585221, "fair_value": 63.810551, "relative_strength": -2.119002, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.253743, "energy": 60.83646, "activity_lines": [ 86.572274, 85.813309, 83.858483, 82.324505 ] }, { "date": "2024-07-19", "close": 89.126511, "volume": 12427025, "typical_volume": 10556330.8, "trend": 80.98278, "fair_value": 64.076527, "relative_strength": 0.013514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.138128, "energy": 73.696816, "activity_lines": [ 87.649223, 86.538526, 84.510456, 82.875556 ] }, { "date": "2024-07-26", "close": 90.958732, "volume": 6535999, "typical_volume": 10386782.6, "trend": 81.40824, "fair_value": 64.344922, "relative_strength": 2.722575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.795082, "energy": 83.949585, "activity_lines": [ 88.961515, 87.469228, 85.277833, 83.519166 ] }, { "date": "2024-08-02", "close": 95.198741, "volume": 18640465, "typical_volume": 10594824.15, "trend": 81.968083, "fair_value": 64.633402, "relative_strength": 9.643241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.547188, "energy": 92.369932, "activity_lines": [ 91.357792, 89.049595, 86.388832, 84.408875 ] }, { "date": "2024-08-09", "close": 97.088518, "volume": 11130455, "typical_volume": 10588106.6, "trend": 82.590286, "fair_value": 64.928161, "relative_strength": 11.550035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.5602, "energy": 93.550371, "activity_lines": [ 93.748952, 90.772109, 87.609696, 85.384387 ] }, { "date": "2024-08-16", "close": 100.493955, "volume": 9335408, "typical_volume": 10671951.4, "trend": 83.274506, "fair_value": 65.248035, "relative_strength": 10.783601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.211845, "energy": 95.70663, "activity_lines": [ 96.497603, 92.916008, 89.074821, 86.539463 ] }, { "date": "2024-08-23", "close": 103.457637, "volume": 10769605, "typical_volume": 10814313.4, "trend": 84.027817, "fair_value": 65.582707, "relative_strength": 12.165332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.90378, "energy": 96.145147, "activity_lines": [ 99.459052, 95.320219, 90.73364, 87.8416 ] }, { "date": "2024-08-30", "close": 106.368407, "volume": 10133396, "typical_volume": 10701022.8, "trend": 85.146386, "fair_value": 65.943978, "relative_strength": 14.597858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.754038, "energy": 96.376665, "activity_lines": [ 102.435348, 97.890714, 92.565003, 89.282928 ] }, { "date": "2024-09-06", "close": 104.951575, "volume": 9842459, "typical_volume": 10433087.3, "trend": 86.17318, "fair_value": 66.302209, "relative_strength": 17.489934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.447595, "energy": 91.130671, "activity_lines": [ 103.912056, 99.833603, 94.11955, 90.560683 ] }, { "date": "2024-09-13", "close": 104.662426, "volume": 11251196, "typical_volume": 10510950.9, "trend": 87.154003, "fair_value": 66.662443, "relative_strength": 12.367711, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.781336, "energy": 84.222991, "activity_lines": [ 104.642192, 101.373403, 95.524825, 91.753537 ] }, { "date": "2024-09-20", "close": 104.016659, "volume": 18248699, "typical_volume": 10702720.4, "trend": 88.064634, "fair_value": 67.026362, "relative_strength": 9.93693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.977169, "energy": 67.524607, "activity_lines": [ 104.652145, 102.445995, 96.749968, 92.84145 ] }, { "date": "2024-09-27", "close": 106.590088, "volume": 9422070, "typical_volume": 10747682.8, "trend": 89.060411, "fair_value": 67.404994, "relative_strength": 11.829335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.326037, "energy": 68.894361, "activity_lines": [ 105.285061, 103.711045, 98.102828, 94.036641 ] }, { "date": "2024-10-04", "close": 111.09118, "volume": 11067220, "typical_volume": 10839432.45, "trend": 90.152809, "fair_value": 67.803388, "relative_strength": 15.960847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.46364, "energy": 72.549453, "activity_lines": [ 107.20951, 105.476955, 99.767771, 95.457981 ] }, { "date": "2024-10-11", "close": 109.163518, "volume": 10005111, "typical_volume": 10930545.95, "trend": 91.109097, "fair_value": 68.183497, "relative_strength": 12.513948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.939586, "energy": 67.746698, "activity_lines": [ 108.176555, 106.526337, 101.121504, 96.684478 ] }, { "date": "2024-10-18", "close": 110.358668, "volume": 9389235, "typical_volume": 10901097.8, "trend": 92.111899, "fair_value": 68.565571, "relative_strength": 12.606223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.914033, "energy": 68.646055, "activity_lines": [ 109.261186, 107.539113, 102.469802, 97.926386 ] }, { "date": "2024-10-25", "close": 105.78047, "volume": 6971877, "typical_volume": 10766220.95, "trend": 92.908045, "fair_value": 68.934812, "relative_strength": 8.910984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.892834, "energy": 63.345227, "activity_lines": [ 108.440002, 107.478215, 103.267088, 98.808229 ] }, { "date": "2024-11-01", "close": 100.922761, "volume": 14956977, "typical_volume": 11025035.75, "trend": 93.556256, "fair_value": 69.255191, "relative_strength": 5.414379, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.105813, "energy": 46.123615, "activity_lines": [ 105.881994, 106.437978, 103.503611, 99.325308 ] }, { "date": "2024-11-08", "close": 104.354, "volume": 11362508, "typical_volume": 10960887.15, "trend": 94.482265, "fair_value": 69.596069, "relative_strength": 4.078632, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.421587, "energy": 33.307951, "activity_lines": [ 104.845554, 106.067692, 103.983932, 100.021937 ] }, { "date": "2024-11-15", "close": 107.293685, "volume": 9362987, "typical_volume": 10806241.05, "trend": 95.412471, "fair_value": 69.962987, "relative_strength": 9.171559, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.460351, "energy": 28.927286, "activity_lines": [ 105.238154, 106.268519, 104.656911, 100.84848 ] }, { "date": "2024-11-22", "close": 108.816299, "volume": 7740996, "typical_volume": 10856830.85, "trend": 96.381348, "fair_value": 70.338912, "relative_strength": 8.809819, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.338897, "energy": 34.267808, "activity_lines": [ 106.262948, 106.703602, 105.371945, 101.713243 ] }, { "date": "2024-11-29", "close": 110.375105, "volume": 7418440, "typical_volume": 10800606.4, "trend": 97.414903, "fair_value": 70.732296, "relative_strength": 8.950291, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.040954, "energy": 51.75167, "activity_lines": [ 107.910169, 107.346578, 106.124044, 102.616066 ] }, { "date": "2024-12-06", "close": 103.897829, "volume": 11727277, "typical_volume": 10765619.0, "trend": 98.141299, "fair_value": 71.063556, "relative_strength": 1.685216, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.176727, "energy": 39.509965, "activity_lines": [ 107.091989, 106.69626, 106.156843, 103.034319 ] }, { "date": "2024-12-13", "close": 101.196544, "volume": 9869738, "typical_volume": 10932305.95, "trend": 98.704843, "fair_value": 71.383287, "relative_strength": -0.405284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.726433, "energy": 15.528828, "activity_lines": [ 105.175042, 105.60375, 105.862036, 103.231432 ] }, { "date": "2024-12-20", "close": 99.424733, "volume": 14681510, "typical_volume": 10734358.2, "trend": 99.215032, "fair_value": 71.68674, "relative_strength": -0.354039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -3.189789, "energy": 12.784866, "activity_lines": [ 102.877989, 104.368995, 105.349734, 103.277876 ] }, { "date": "2024-12-27", "close": 100.092793, "volume": 6153017, "typical_volume": 10485486.3, "trend": 99.677781, "fair_value": 71.990425, "relative_strength": -0.353414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -3.936763, "energy": 24.163064, "activity_lines": [ 101.328219, 103.432773, 104.880933, 103.334506 ] }, { "date": "2025-01-03", "close": 99.879788, "volume": 6165361, "typical_volume": 10326983.95, "trend": 100.167965, "fair_value": 72.270926, "relative_strength": -0.040356, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.492537, "energy": 30.081809, "activity_lines": [ 100.289015, 102.644476, 104.37754, 103.347539 ] }, { "date": "2025-01-10", "close": 97.778788, "volume": 7077971, "typical_volume": 10142402.25, "trend": 100.644073, "fair_value": 72.526962, "relative_strength": -0.231783, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.773673, "energy": 54.262662, "activity_lines": [ 99.249165, 101.581464, 103.676976, 103.193398 ] }, { "date": "2025-01-17", "close": 103.103903, "volume": 8545968, "typical_volume": 10063030.85, "trend": 101.213588, "fair_value": 72.835653, "relative_strength": 2.13893, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.507645, "energy": 30.384644, "activity_lines": [ 100.39229, 101.543818, 103.510608, 103.352097 ] }, { "date": "2025-01-24", "close": 101.574143, "volume": 6462250, "typical_volume": 9894020.4, "trend": 101.743622, "fair_value": 73.125915, "relative_strength": -1.085446, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.925294, "energy": 21.333116, "activity_lines": [ 100.898337, 101.250763, 103.214094, 103.375359 ] }, { "date": "2025-01-31", "close": 103.965603, "volume": 7736229, "typical_volume": 9718272.05, "trend": 102.361686, "fair_value": 73.417964, "relative_strength": 2.004182, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -6.771093, "energy": 7.459579, "activity_lines": [ 102.058244, 101.49651, 103.161421, 103.518712 ] }, { "date": "2025-02-07", "close": 100.286433, "volume": 12228432, "typical_volume": 9417258.7, "trend": 102.742316, "fair_value": 73.68284, "relative_strength": -1.62455, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -13.010408, "energy": 11.647777, "activity_lines": [ 101.733573, 101.161512, 102.761669, 103.384825 ] }, { "date": "2025-02-14", "close": 100.054065, "volume": 9143552, "typical_volume": 9403332.8, "trend": 103.106568, "fair_value": 73.956347, "relative_strength": -3.41644, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.392285, "energy": 11.892361, "activity_lines": [ 101.304337, 100.967696, 102.35755, 103.211389 ] }, { "date": "2025-02-21", "close": 99.460516, "volume": 8185946, "typical_volume": 9259269.1, "trend": 103.389961, "fair_value": 74.233154, "relative_strength": -2.568891, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.385467, "energy": 30.075154, "activity_lines": [ 100.525566, 100.735848, 101.928026, 102.97616 ] }, { "date": "2025-02-28", "close": 106.577356, "volume": 10744484, "typical_volume": 9296237.75, "trend": 103.769248, "fair_value": 74.566355, "relative_strength": 5.083912, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.786747, "energy": 8.947587, "activity_lines": [ 102.361967, 101.829535, 102.231681, 103.181799 ] }, { "date": "2025-03-07", "close": 105.545365, "volume": 10461507, "typical_volume": 9349851.35, "trend": 104.051143, "fair_value": 74.893755, "relative_strength": 7.025237, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.061171, "energy": 8.666998, "activity_lines": [ 103.520824, 102.60554, 102.449366, 103.296387 ] }, { "date": "2025-03-14", "close": 104.416017, "volume": 9577345, "typical_volume": 9480124.75, "trend": 104.181878, "fair_value": 75.196505, "relative_strength": 8.029081, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.922993, "energy": 16.190827, "activity_lines": [ 104.197914, 103.077071, 102.582414, 103.319927 ] }, { "date": "2025-03-21", "close": 105.379858, "volume": 11814042, "typical_volume": 9322978.0, "trend": 104.245953, "fair_value": 75.490408, "relative_strength": 8.101307, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.573759, "energy": 25.34241, "activity_lines": [ 104.920979, 103.641369, 102.813754, 103.397216 ] }, { "date": "2025-03-28", "close": 106.898636, "volume": 8268177, "typical_volume": 9168261.45, "trend": 104.263627, "fair_value": 75.798065, "relative_strength": 10.883954, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.791016, "energy": 39.504243, "activity_lines": [ 105.79525, 104.343607, 103.168516, 103.568357 ] }, { "date": "2025-04-04", "close": 99.285272, "volume": 12426407, "typical_volume": 9321432.45, "trend": 104.07475, "fair_value": 76.052959, "relative_strength": 12.788444, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.441219, "energy": 12.72247, "activity_lines": [ 103.635858, 103.592602, 102.786078, 103.247173 ] }, { "date": "2025-04-11", "close": 104.007115, "volume": 14362337, "typical_volume": 9652499.5, "trend": 104.052906, "fair_value": 76.339227, "relative_strength": 11.282334, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.27867, "energy": 8.186536, "activity_lines": [ 103.536554, 103.74173, 102.891474, 103.242809 ] }, { "date": "2025-04-18", "close": 104.600997, "volume": 7767389, "typical_volume": 9669946.95, "trend": 104.072384, "fair_value": 76.640717, "relative_strength": 13.067214, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.69026, "energy": 8.547649, "activity_lines": [ 103.737759, 103.998082, 103.076332, 103.27817 ] }, { "date": "2025-04-25", "close": 105.087785, "volume": 8234032, "typical_volume": 9495284.7, "trend": 104.022307, "fair_value": 76.980791, "relative_strength": 8.216603, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.762409, "energy": 4.886265, "activity_lines": [ 104.088896, 104.264494, 103.335046, 103.34368 ] }, { "date": "2025-05-02", "close": 102.741467, "volume": 11022797, "typical_volume": 9552937.65, "trend": 103.743984, "fair_value": 77.300292, "relative_strength": 2.522049, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.824275, "energy": 3.728818, "activity_lines": [ 103.677398, 104.01278, 103.364634, 103.261045 ] }, { "date": "2025-05-09", "close": 103.16984, "volume": 8754317, "typical_volume": 9256578.0, "trend": 103.544194, "fair_value": 77.633896, "relative_strength": 3.13106, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.681971, "energy": 2.592936, "activity_lines": [ 103.685835, 103.779299, 103.427664, 103.224003 ] }, { "date": "2025-05-16", "close": 103.99738, "volume": 10835032, "typical_volume": 9490678.75, "trend": 103.332152, "fair_value": 77.977491, "relative_strength": -1.413428, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.104704, "energy": 2.930083, "activity_lines": [ 103.711149, 103.758234, 103.551673, 103.253241 ] }, { "date": "2025-05-23", "close": 100.379905, "volume": 9281069, "typical_volume": 9646464.15, "trend": 103.152133, "fair_value": 78.266701, "relative_strength": -2.494496, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.854651, "energy": 13.241809, "activity_lines": [ 102.531286, 103.107592, 103.312567, 103.062773 ] }, { "date": "2025-05-30", "close": 101.368725, "volume": 8715471, "typical_volume": 9728339.15, "trend": 103.166998, "fair_value": 78.571574, "relative_strength": -3.318787, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.823767, "energy": 25.24681, "activity_lines": [ 101.962435, 102.710119, 103.165253, 102.947715 ] }, { "date": "2025-06-06", "close": 101.505789, "volume": 8945710, "typical_volume": 9748326.25, "trend": 103.072058, "fair_value": 78.896031, "relative_strength": -4.844727, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.599208, "energy": 29.682711, "activity_lines": [ 101.687211, 102.410497, 103.013897, 102.84054 ] }, { "date": "2025-06-13", "close": 100.037244, "volume": 11273121, "typical_volume": 9988869.8, "trend": 102.830176, "fair_value": 79.226204, "relative_strength": -6.00488, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.141429, "energy": 38.894509, "activity_lines": [ 101.004849, 101.941918, 102.730291, 102.644746 ] }, { "date": "2025-06-20", "close": 101.133758, "volume": 12603970, "typical_volume": 10232256.85, "trend": 102.574092, "fair_value": 79.547339, "relative_strength": -4.926451, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.02678, "energy": 32.066895, "activity_lines": [ 100.896833, 101.659033, 102.558433, 102.535299 ] }, { "date": "2025-06-27", "close": 102.86664, "volume": 20224706, "typical_volume": 10632070.55, "trend": 102.32381, "fair_value": 79.876943, "relative_strength": -6.621077, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.75382, "energy": 8.485047, "activity_lines": [ 101.557351, 101.743461, 102.565096, 102.554173 ] }, { "date": "2025-07-04", "close": 102.377125, "volume": 8110380, "typical_volume": 10580411.95, "trend": 102.273119, "fair_value": 80.20335, "relative_strength": -8.69179, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.866649, "energy": 6.401127, "activity_lines": [ 101.888916, 101.770419, 102.512852, 102.557613 ] }, { "date": "2025-07-11", "close": 99.440036, "volume": 9263173, "typical_volume": 10634273.3, "trend": 102.214569, "fair_value": 80.522306, "relative_strength": -11.055166, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.17512, "energy": 15.904877, "activity_lines": [ 101.174224, 101.312646, 102.169823, 102.374834 ] }, { "date": "2025-07-18", "close": 99.694584, "volume": 11885093, "typical_volume": 10691303.75, "trend": 102.223564, "fair_value": 80.837206, "relative_strength": -11.337776, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.096449, "energy": 29.775009, "activity_lines": [ 100.682098, 100.961181, 101.851134, 102.212254 ] }, { "date": "2025-07-25", "close": 101.20229, "volume": 10192207, "typical_volume": 10677838.75, "trend": 102.260547, "fair_value": 81.149925, "relative_strength": -11.243723, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.24816, "energy": 35.571297, "activity_lines": [ 100.715386, 100.94703, 101.708812, 102.146365 ] }, { "date": "2025-08-01", "close": 96.033013, "volume": 12263616, "typical_volume": 10812152.3, "trend": 102.132322, "fair_value": 81.417017, "relative_strength": -13.448275, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -73.027655, "energy": 64.429827, "activity_lines": [ 99.021012, 100.043831, 101.094858, 101.744589 ] }, { "date": "2025-08-08", "close": 101.349144, "volume": 14349987, "typical_volume": 10938949.55, "trend": 102.251333, "fair_value": 81.691212, "relative_strength": -10.629023, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.561396, "energy": 43.587615, "activity_lines": [ 99.554256, 100.186235, 101.027122, 101.694061 ] }, { "date": "2025-08-15", "close": 103.170139, "volume": 12912971, "typical_volume": 11171189.25, "trend": 102.253541, "fair_value": 81.979132, "relative_strength": -9.68188, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.308417, "energy": 14.647879, "activity_lines": [ 100.763032, 100.660085, 101.152008, 101.753339 ] }, { "date": "2025-08-22", "close": 106.756335, "volume": 12358451, "typical_volume": 11167791.45, "trend": 102.426281, "fair_value": 82.304201, "relative_strength": -6.601813, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.870953, "energy": 18.730436, "activity_lines": [ 102.918532, 101.75571, 101.636191, 102.043842 ] }, { "date": "2025-08-29", "close": 105.181467, "volume": 14737625, "typical_volume": 11186555.85, "trend": 102.46681, "fair_value": 82.627851, "relative_strength": -7.661941, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.44328, "energy": 29.486344, "activity_lines": [ 104.078293, 102.44283, 101.934811, 102.221596 ] }, { "date": "2025-09-05", "close": 105.250368, "volume": 10124389, "typical_volume": 11304405.85, "trend": 102.632274, "fair_value": 82.937304, "relative_strength": -7.571621, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.608819, "energy": 37.614741, "activity_lines": [ 104.995742, 103.068883, 102.2344, 102.40118 ] }, { "date": "2025-09-12", "close": 107.41581, "volume": 10625055, "typical_volume": 11423957.0, "trend": 102.877666, "fair_value": 83.274687, "relative_strength": -6.873238, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.34363, "energy": 57.409883, "activity_lines": [ 106.020515, 104.045312, 102.737129, 102.709795 ] }, { "date": "2025-09-19", "close": 106.342932, "volume": 17174068, "typical_volume": 11731520.55, "trend": 103.10708, "fair_value": 83.615284, "relative_strength": -8.678509, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.306679, "energy": 51.067625, "activity_lines": [ 106.283218, 104.73506, 103.126594, 102.933361 ] }, { "date": "2025-09-26", "close": 109.610782, "volume": 11139692, "typical_volume": 11850789.3, "trend": 103.208194, "fair_value": 83.986214, "relative_strength": -5.364674, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.295867, "energy": 66.457574, "activity_lines": [ 107.423685, 105.893455, 103.810132, 103.352955 ] }, { "date": "2025-10-03", "close": 110.555703, "volume": 9843825, "typical_volume": 11801228.95, "trend": 103.375205, "fair_value": 84.354406, "relative_strength": -5.279964, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.754906, "energy": 71.787813, "activity_lines": [ 108.688828, 107.04336, 104.552992, 103.826987 ] }, { "date": "2025-10-10", "close": 109.207222, "volume": 8186434, "typical_volume": 11746497.2, "trend": 103.534912, "fair_value": 84.705456, "relative_strength": -3.867603, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.745483, "energy": 65.744361, "activity_lines": [ 109.146196, 107.778024, 105.136195, 104.203247 ] }, { "date": "2025-10-17", "close": 106.018115, "volume": 8825026, "typical_volume": 11751974.95, "trend": 103.556187, "fair_value": 85.025202, "relative_strength": -7.951547, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.219829, "energy": 47.697584, "activity_lines": [ 108.276738, 107.693319, 105.373639, 104.363453 ] }, { "date": "2025-10-24", "close": 105.496441, "volume": 8293147, "typical_volume": 11719346.8, "trend": 103.509447, "fair_value": 85.319058, "relative_strength": -9.852515, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.152894, "energy": 30.201768, "activity_lines": [ 107.326568, 107.428875, 105.53926, 104.488631 ] }, { "date": "2025-10-31", "close": 105.506283, "volume": 9085730, "typical_volume": 11609977.25, "trend": 103.716814, "fair_value": 85.598871, "relative_strength": -10.238276, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.977951, "energy": 19.792679, "activity_lines": [ 106.436111, 107.123923, 105.686815, 104.617459 ] }, { "date": "2025-11-07", "close": 112.2979, "volume": 12278283, "typical_volume": 11593692.9, "trend": 103.993174, "fair_value": 85.903804, "relative_strength": -2.781292, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.361094, "energy": 34.480556, "activity_lines": [ 108.08316, 108.076539, 106.455147, 105.171077 ] }, { "date": "2025-11-14", "close": 112.543973, "volume": 10432499, "typical_volume": 11104082.55, "trend": 104.25794, "fair_value": 86.204154, "relative_strength": -2.512561, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.049609, "energy": 45.575296, "activity_lines": [ 109.696087, 108.944506, 107.193752, 105.722742 ] }, { "date": "2025-11-21", "close": 109.815886, "volume": 12263681, "typical_volume": 11311747.6, "trend": 104.415543, "fair_value": 86.477755, "relative_strength": -2.814538, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.531526, "energy": 53.659526, "activity_lines": [ 110.177202, 109.183846, 107.626457, 106.081319 ] }, { "date": "2025-11-28", "close": 109.152913, "volume": 11698409, "typical_volume": 11433509.4, "trend": 104.629258, "fair_value": 86.748056, "relative_strength": -6.575563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.820002, "energy": 54.450056, "activity_lines": [ 110.184141, 109.259007, 107.960599, 106.386956 ] }, { "date": "2025-12-05", "close": 108.133718, "volume": 10084697, "typical_volume": 11343489.6, "trend": 104.794721, "fair_value": 87.025952, "relative_strength": -7.599246, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.742897, "energy": 36.527117, "activity_lines": [ 109.607583, 109.09777, 108.151424, 106.61305 ] }, { "date": "2025-12-12", "close": 108.895641, "volume": 11469584, "typical_volume": 11407358.45, "trend": 104.957996, "fair_value": 87.314311, "relative_strength": -6.308468, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.072767, "energy": 25.533026, "activity_lines": [ 109.109837, 109.10192, 108.374625, 106.877625 ] }, { "date": "2025-12-19", "close": 109.202389, "volume": 21791946, "typical_volume": 11883774.95, "trend": 105.252079, "fair_value": 87.588432, "relative_strength": -6.055333, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.960553, "energy": 18.988275, "activity_lines": [ 108.941158, 109.192026, 108.590406, 107.151457 ] }, { "date": "2025-12-26", "close": 108.747214, "volume": 5672034, "typical_volume": 11449877.3, "trend": 105.498028, "fair_value": 87.858507, "relative_strength": -7.632571, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.505706, "energy": 16.984831, "activity_lines": [ 108.843527, 109.19946, 108.700126, 107.37695 ] }, { "date": "2026-01-02", "close": 109.083648, "volume": 5796455, "typical_volume": 11094051.5, "trend": 105.750624, "fair_value": 88.11946, "relative_strength": -6.261854, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.827967, "energy": 18.289359, "activity_lines": [ 108.929284, 109.218444, 108.806658, 107.60828 ] }, { "date": "2026-01-09", "close": 108.094137, "volume": 9239198, "typical_volume": 10938088.85, "trend": 106.019187, "fair_value": 88.379947, "relative_strength": -8.419196, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.953117, "energy": 15.867044, "activity_lines": [ 108.689823, 108.992295, 108.790791, 107.759475 ] }, { "date": "2026-01-16", "close": 108.361305, "volume": 13880257, "typical_volume": 10895220.45, "trend": 106.260105, "fair_value": 88.652832, "relative_strength": -7.686221, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.080999, "energy": 9.97158, "activity_lines": [ 108.542056, 108.76767, 108.793999, 107.910579 ] }, { "date": "2026-01-23", "close": 105.966689, "volume": 8816757, "typical_volume": 10829838.85, "trend": 106.36344, "fair_value": 88.899325, "relative_strength": -9.250803, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.538747, "energy": 7.519542, "activity_lines": [ 107.631706, 108.179235, 108.554005, 107.891649 ] }, { "date": "2026-01-30", "close": 109.7862, "volume": 11629474, "typical_volume": 10880059.8, "trend": 106.610409, "fair_value": 89.191197, "relative_strength": -6.180451, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.644302, "energy": 12.023186, "activity_lines": [ 108.21024, 108.404843, 108.674364, 108.112472 ] }, { "date": "2026-02-06", "close": 115.921166, "volume": 13942638, "typical_volume": 10718488.3, "trend": 107.15978, "fair_value": 89.519486, "relative_strength": -0.732408, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.650461, "energy": 47.432171, "activity_lines": [ 110.764496, 109.74644, 109.367717, 108.713166 ] }, { "date": "2026-02-13", "close": 113.704662, "volume": 12500970, "typical_volume": 10786552.2, "trend": 107.626783, "fair_value": 89.834096, "relative_strength": -1.372149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.715828, "energy": 58.615041, "activity_lines": [ 112.124084, 110.561976, 109.804365, 109.135417 ] }, { "date": "2026-02-20", "close": 113.439672, "volume": 8075094, "typical_volume": 10698115.65, "trend": 108.034696, "fair_value": 90.151785, "relative_strength": -2.662876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.974619, "energy": 66.461311, "activity_lines": [ 113.021306, 111.228043, 110.19628, 109.510442 ] }, { "date": "2026-02-27", "close": 112.345367, "volume": 11299531, "typical_volume": 10853770.5, "trend": 108.578441, "fair_value": 90.463235, "relative_strength": -2.922993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.038704, "energy": 65.329427, "activity_lines": [ 113.215203, 111.612527, 110.470243, 109.788549 ] }, { "date": "2026-03-06", "close": 110.713857, "volume": 11132006, "typical_volume": 10969119.5, "trend": 108.890598, "fair_value": 90.790563, "relative_strength": -2.164906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.879929, "energy": 38.387455, "activity_lines": [ 112.440017, 111.643227, 110.57388, 109.926318 ] }, { "date": "2026-03-13", "close": 108.147214, "volume": 11533910, "typical_volume": 11131157.65, "trend": 109.0565, "fair_value": 91.1178, "relative_strength": -2.7057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.685503, "energy": 12.264644, "activity_lines": [ 110.74744, 111.171507, 110.410714, 109.878358 ] }, { "date": "2026-03-20", "close": 105.670104, "volume": 15954268, "typical_volume": 11474584.55, "trend": 109.020293, "fair_value": 91.419664, "relative_strength": -2.90221, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.164249, "energy": 17.189596, "activity_lines": [ 108.747424, 110.266431, 109.999011, 109.659881 ] }, { "date": "2026-03-27", "close": 105.859121, "volume": 13603742, "typical_volume": 11540857.5, "trend": 109.042881, "fair_value": 91.712945, "relative_strength": -0.19106, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.693119, "energy": 27.222681, "activity_lines": [ 107.34605, 109.439794, 109.604529, 109.455934 ] }, { "date": "2026-04-03", "close": 109.908051, "volume": 8036191, "typical_volume": 11421042.1, "trend": 109.198137, "fair_value": 92.031942, "relative_strength": 0.551629, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.241056, "energy": 20.571712, "activity_lines": [ 107.799689, 109.39482, 109.62632, 109.511752 ] }, { "date": "2026-04-10", "close": 110.126912, "volume": 9042265, "typical_volume": 11259971.3, "trend": 109.288507, "fair_value": 92.342489, "relative_strength": -2.358336, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.937887, "energy": 13.068935, "activity_lines": [ 108.48877, 109.317979, 109.681507, 109.571673 ] }, { "date": "2026-04-17", "close": 113.927136, "volume": 11854712, "typical_volume": 11267786.45, "trend": 109.541314, "fair_value": 92.678769, "relative_strength": -2.896659, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.458307, "energy": 19.889453, "activity_lines": [ 110.483722, 109.925892, 110.097139, 109.870939 ] }, { "date": "2026-04-24", "close": 114.026618, "volume": 10095475, "typical_volume": 11268325.35, "trend": 109.688509, "fair_value": 92.992576, "relative_strength": -2.952757, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.056822, "energy": 35.787532, "activity_lines": [ 112.126506, 110.588148, 110.499511, 110.160313 ] }, { "date": "2026-05-01", "close": 112.295626, "volume": 12362425, "typical_volume": 11312967.4, "trend": 109.746506, "fair_value": 93.308784, "relative_strength": -5.010281, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.391796, "energy": 36.691596, "activity_lines": [ 112.635192, 110.929824, 110.708966, 110.328515 ] }, { "date": "2026-05-08", "close": 112.514487, "volume": 10793478, "typical_volume": 10763044.0, "trend": 109.856748, "fair_value": 93.635232, "relative_strength": -6.660533, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.932258, "energy": 45.999073, "activity_lines": [ 112.787732, 111.332095, 110.923073, 110.507094 ] }, { "date": "2026-05-15", "close": 116.20528, "volume": 9515696, "typical_volume": 10955227.1, "trend": 110.19632, "fair_value": 93.978167, "relative_strength": -3.576013, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.020764, "energy": 60.038882, "activity_lines": [ 113.996773, 112.402343, 111.472914, 110.916677 ] }, { "date": "2026-05-22", "close": 117.86, "volume": 10957596, "typical_volume": 11213284.15, "trend": 110.608439, "fair_value": 94.346074, "relative_strength": -2.853822, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.898772, "energy": 62.816078, "activity_lines": [ 115.352163, 113.673606, 112.144831, 111.411108 ] }, { "date": "2026-05-29", "close": 112.42, "volume": 14849067, "typical_volume": 11493777.6, "trend": 110.838896, "fair_value": 94.666427, "relative_strength": -8.391048, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.949962, "energy": 45.681103, "activity_lines": [ 114.632029, 113.779182, 112.256862, 111.527983 ] }, { "date": "2026-06-05", "close": 118.24, "volume": 13251400, "typical_volume": 11462334.75, "trend": 111.036966, "fair_value": 95.009844, "relative_strength": -1.045874, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.626969, "energy": 57.789194, "activity_lines": [ 115.959003, 114.820214, 112.902579, 112.005473 ] }, { "date": "2026-06-12", "close": 117.8, "volume": 13094459, "typical_volume": 11676219.85, "trend": 111.212167, "fair_value": 95.347675, "relative_strength": -1.847954, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.145816, "energy": 51.910193, "activity_lines": [ 116.743019, 115.556139, 113.459349, 112.441798 ] }, { "date": "2026-06-19", "close": 115.47, "volume": 15902294, "typical_volume": 11889860.85, "trend": 111.400638, "fair_value": 95.684334, "relative_strength": -4.477888, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.038327, "energy": 35.600333, "activity_lines": [ 116.398, 115.724938, 113.737866, 112.716497 ] }, { "date": "2026-06-26", "close": 120.15, "volume": 15057540, "typical_volume": 11945605.95, "trend": 111.767207, "fair_value": 96.035005, "relative_strength": 1.866003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.898387, "energy": 55.163624, "activity_lines": [ 117.662, 116.647499, 114.435031, 113.280972 ] }, { "date": "2026-07-03", "close": 120.88, "volume": 7663119, "typical_volume": 11703713.4, "trend": 112.192083, "fair_value": 96.388913, "relative_strength": 0.35056, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.130211, "energy": 56.870747, "activity_lines": [ 119.016667, 117.589644, 115.181583, 113.868894 ] }, { "date": "2026-07-10", "close": 121.91, "volume": 7843043, "typical_volume": 11692110.85, "trend": 112.625895, "fair_value": 96.752189, "relative_strength": -0.160832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.178313, "energy": 61.394215, "activity_lines": [ 120.150667, 118.594455, 115.992062, 114.495856 ] }, { "date": "2026-07-17", "close": 124.72, "volume": 11874502, "typical_volume": 11720859.4, "trend": 113.143149, "fair_value": 97.116469, "relative_strength": 3.654192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.526478, "energy": 76.973994, "activity_lines": [ 121.976667, 119.935369, 117.029825, 115.276121 ] }, { "date": "2026-07-24", "close": 125.6, "volume": 8523388, "typical_volume": 11590428.5, "trend": 113.704908, "fair_value": 97.486509, "relative_strength": 4.884707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.826174, "energy": 78.825564, "activity_lines": [ 123.634667, 121.214364, 118.092471, 116.079789 ] }, { "date": "2026-07-31", "close": 127.48, "volume": 9408044, "typical_volume": 11484135.2, "trend": 114.31812, "fair_value": 97.841795, "relative_strength": 5.119753, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.895717, "energy": 83.995644, "activity_lines": [ 125.244, 122.664364, 119.263278, 116.968504 ] }, { "date": "2026-08-07", "close": 124.61, "volume": 11264314, "typical_volume": 11249637.5, "trend": 114.868649, "fair_value": 98.181087, "relative_strength": -0.736269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.334467, "energy": 74.252893, "activity_lines": [ 125.408, 123.417636, 120.06869, 117.632497 ] } ], "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." } } }