{ "ticker": { "uuid": "2350fb46-7d51-49e6-8add-92bb6e28c497", "symbol": "BSL", "name": "Raffles Medical Group Ltd", "exchange": "SES", "country": "SG", "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": "^STI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -83.411, "architecture_energy": 78.116, "architecture_maturity": 25.155, "architecture_confidence": 85.13, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 23.23, "rotation_up": 11.98, "upward_expansion": 16.27, "deceleration": 39.29, "rotation_down": 68.94, "downward_expansion": 84.93 }, "activity_lines": [ 0.904667, 0.917545, 0.935154, 0.947606 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 0.875, "trend_reference": 0.960945, "distance_from_trend": -0.089438, "trend_direction": "Weakening", "fair_value": 0.949523, "distance_from_fair_value": -0.078485, "fair_value_direction": "Weakening", "relative_strength": -24.109263, "relative_strength_direction": "Weakening", "price_momentum": -0.093122, "excess_performance": -0.247957, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.089438, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.015752, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.078485, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.073615, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.241093, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.1439, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.093122, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.35536, "read": "Supply-led" } ], "volume": { "latest": 15502400, "relative_activity": 2.107182, "balance": 0.35536, "dry_up": 2.038325, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.028998, "annualized_volatility": 0.153539, "from_high_reference": -0.164497, "from_low_reference": 0.005747 }, "levels": { "trend_reference": 0.960945, "fair_value_reference": 0.949523, "structural_low": 0.87, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 30, "median_return": -0.012255, "positive_rate": 0.266667, "directional_follow_through": 0.666667, "median_excess_return": -0.013051, "regime_survival": 0.866667, "best_return": 0.179641, "worst_return": -0.084746, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.032609, "positive_rate": 0.272727, "directional_follow_through": 0.727273, "median_excess_return": -0.054413, "regime_survival": 0.636364, "best_return": 0.209581, "worst_return": -0.136, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.056941, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.085497, "regime_survival": 0.428571, "best_return": 0.252174, "worst_return": -0.205882, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.113729, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.114688, "regime_survival": 0.0, "best_return": 0.17929, "worst_return": -0.2511, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-06-30", "end": "2024-05-17", "tenure": "Extended", "return": -0.232283, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-07-26", "tenure": "Developing", "return": -0.009709, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2025-02-21", "tenure": "Extended", "return": -0.103261, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": 0.102703, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-06-13", "tenure": "Developing", "return": -0.001114, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-20", "end": "2025-07-11", "tenure": "New", "return": 0.068062, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-12", "tenure": "Developing", "return": -0.009804, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-11-28", "tenure": "Developing", "return": -0.019802, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2025-12-12", "tenure": "New", "return": 0.030612, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-03-06", "tenure": "Developing", "return": 0.009804, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.009901, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-05-22", "tenure": "Developing", "return": -0.015156, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": -0.020725, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": -0.069149, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.201911, "volume": 5556300, "typical_volume": 6537792.75, "trend": 1.267894, "fair_value": 1.087518, "relative_strength": -1.63273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.829656, "energy": 43.713679, "activity_lines": [ 1.211773, 1.22326, 1.236298, 1.250874 ] }, { "date": "2023-08-25", "close": 1.155684, "volume": 5154000, "typical_volume": 6370599.85, "trend": 1.263226, "fair_value": 1.090471, "relative_strength": -5.860851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.944919, "energy": 65.685577, "activity_lines": [ 1.191433, 1.209812, 1.226637, 1.243635 ] }, { "date": "2023-09-01", "close": 1.16493, "volume": 3538000, "typical_volume": 6374039.85, "trend": 1.257967, "fair_value": 1.093539, "relative_strength": -6.228905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.988702, "energy": 69.008195, "activity_lines": [ 1.17849, 1.199726, 1.218694, 1.237293 ] }, { "date": "2023-09-08", "close": 1.146439, "volume": 2603300, "typical_volume": 6323744.85, "trend": 1.252091, "fair_value": 1.096488, "relative_strength": -6.861487, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.591314, "energy": 75.167125, "activity_lines": [ 1.164313, 1.187119, 1.209827, 1.230098 ] }, { "date": "2023-09-15", "close": 1.155684, "volume": 4313900, "typical_volume": 6292989.85, "trend": 1.247123, "fair_value": 1.099496, "relative_strength": -8.045001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.737485, "energy": 73.774102, "activity_lines": [ 1.15815, 1.178209, 1.20268, 1.223878 ] }, { "date": "2023-09-22", "close": 1.146439, "volume": 4093600, "typical_volume": 6325674.85, "trend": 1.241247, "fair_value": 1.102472, "relative_strength": -6.559573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.098228, "energy": 70.708889, "activity_lines": [ 1.151986, 1.169132, 1.195448, 1.217382 ] }, { "date": "2023-09-29", "close": 1.155684, "volume": 3588600, "typical_volume": 6203379.85, "trend": 1.238079, "fair_value": 1.105398, "relative_strength": -6.065555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.656036, "energy": 58.659636, "activity_lines": [ 1.152602, 1.163753, 1.189936, 1.211862 ] }, { "date": "2023-10-06", "close": 1.155684, "volume": 2765600, "typical_volume": 6062669.85, "trend": 1.236411, "fair_value": 1.10835, "relative_strength": -4.782682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.061526, "energy": 46.836799, "activity_lines": [ 1.153219, 1.15955, 1.185005, 1.206546 ] }, { "date": "2023-10-13", "close": 1.146439, "volume": 3320100, "typical_volume": 5948714.85, "trend": 1.233234, "fair_value": 1.111299, "relative_strength": -5.876266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.18825, "energy": 45.635589, "activity_lines": [ 1.15137, 1.15518, 1.179634, 1.200742 ] }, { "date": "2023-10-20", "close": 1.090966, "volume": 3273700, "typical_volume": 5841019.85, "trend": 1.226709, "fair_value": 1.11392, "relative_strength": -7.198476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.754222, "energy": 56.757909, "activity_lines": [ 1.13103, 1.142068, 1.16942, 1.191563 ] }, { "date": "2023-10-27", "close": 1.063229, "volume": 6131600, "typical_volume": 5805189.85, "trend": 1.217459, "fair_value": 1.116474, "relative_strength": -8.999099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.331289, "energy": 80.491848, "activity_lines": [ 1.105759, 1.125931, 1.157225, 1.181016 ] }, { "date": "2023-11-03", "close": 1.109457, "volume": 7578600, "typical_volume": 5859754.85, "trend": 1.210051, "fair_value": 1.119158, "relative_strength": -7.362894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.253065, "energy": 76.677687, "activity_lines": [ 1.101444, 1.120719, 1.150137, 1.174048 ] }, { "date": "2023-11-10", "close": 0.970775, "volume": 39520200, "typical_volume": 7591899.85, "trend": 1.19772, "fair_value": 1.120898, "relative_strength": -17.677819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.890367, "energy": 92.639977, "activity_lines": [ 1.053984, 1.091134, 1.130501, 1.158611 ] }, { "date": "2023-11-17", "close": 0.998511, "volume": 7422900, "typical_volume": 7615704.85, "trend": 1.186913, "fair_value": 1.122677, "relative_strength": -15.568755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.445446, "energy": 90.295761, "activity_lines": [ 1.028097, 1.070122, 1.114652, 1.145759 ] }, { "date": "2023-11-24", "close": 0.970775, "volume": 7828800, "typical_volume": 7583704.85, "trend": 1.175182, "fair_value": 1.124057, "relative_strength": -16.889067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.108762, "energy": 91.000373, "activity_lines": [ 1.002826, 1.046756, 1.097394, 1.131814 ] }, { "date": "2023-12-01", "close": 0.970775, "volume": 11695800, "typical_volume": 7923909.85, "trend": 1.16345, "fair_value": 1.125658, "relative_strength": -16.471715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.882946, "energy": 88.611439, "activity_lines": [ 0.985568, 1.026752, 1.081412, 1.118627 ] }, { "date": "2023-12-08", "close": 0.998511, "volume": 11734200, "typical_volume": 8123784.85, "trend": 1.154143, "fair_value": 1.127271, "relative_strength": -14.367525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.714647, "energy": 73.643396, "activity_lines": [ 0.983718, 1.014985, 1.069437, 1.107985 ] }, { "date": "2023-12-15", "close": 0.989266, "volume": 3846000, "typical_volume": 7987724.85, "trend": 1.145514, "fair_value": 1.128106, "relative_strength": -15.05549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.892307, "energy": 62.127129, "activity_lines": [ 0.986184, 1.004395, 1.057638, 1.097348 ] }, { "date": "2023-12-22", "close": 0.98002, "volume": 2029200, "typical_volume": 7044480.0, "trend": 1.136885, "fair_value": 1.128908, "relative_strength": -16.165527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.896956, "energy": 59.660192, "activity_lines": [ 0.984335, 0.995149, 1.046147, 1.086671 ] }, { "date": "2023-12-29", "close": 0.998511, "volume": 4134700, "typical_volume": 7006455.0, "trend": 1.12918, "fair_value": 1.129774, "relative_strength": -16.878005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.299492, "energy": 51.463131, "activity_lines": [ 0.989882, 0.992291, 1.037562, 1.077744 ] }, { "date": "2024-01-05", "close": 0.98002, "volume": 2536000, "typical_volume": 6855440.0, "trend": 1.121476, "fair_value": 1.130743, "relative_strength": -16.627957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.046651, "energy": 50.147899, "activity_lines": [ 0.987416, 0.987753, 1.028185, 1.068121 ] }, { "date": "2024-01-12", "close": 0.961529, "volume": 4255900, "typical_volume": 6810535.0, "trend": 1.111922, "fair_value": 1.131593, "relative_strength": -18.079612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.449123, "energy": 52.05751, "activity_lines": [ 0.978171, 0.981365, 1.018103, 1.057801 ] }, { "date": "2024-01-19", "close": 0.961529, "volume": 5317900, "typical_volume": 6899530.0, "trend": 1.103601, "fair_value": 1.132554, "relative_strength": -16.693764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.96653, "energy": 52.026613, "activity_lines": [ 0.971391, 0.977667, 1.008945, 1.048099 ] }, { "date": "2024-01-26", "close": 0.943038, "volume": 5421000, "typical_volume": 7040415.0, "trend": 1.093123, "fair_value": 1.133424, "relative_strength": -18.124956, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.367858, "energy": 57.386252, "activity_lines": [ 0.960296, 0.970775, 0.998995, 1.03774 ] }, { "date": "2024-02-02", "close": 0.933793, "volume": 3916900, "typical_volume": 7020565.0, "trend": 1.082953, "fair_value": 1.134152, "relative_strength": -19.028589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.661516, "energy": 69.016035, "activity_lines": [ 0.948585, 0.96321, 0.989134, 1.02746 ] }, { "date": "2024-02-09", "close": 0.943038, "volume": 2504400, "typical_volume": 6941105.0, "trend": 1.072475, "fair_value": 1.134718, "relative_strength": -16.735371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.53138, "energy": 83.362468, "activity_lines": [ 0.944271, 0.957999, 0.981209, 1.018434 ] }, { "date": "2024-02-16", "close": 0.961529, "volume": 3661400, "typical_volume": 6944745.0, "trend": 1.063846, "fair_value": 1.13543, "relative_strength": -16.892244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.166415, "energy": 72.377901, "activity_lines": [ 0.948585, 0.956654, 0.976014, 1.011276 ] }, { "date": "2024-02-23", "close": 0.970775, "volume": 3359500, "typical_volume": 6974440.0, "trend": 1.054908, "fair_value": 1.135564, "relative_strength": -14.668859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.005569, "energy": 50.875128, "activity_lines": [ 0.955982, 0.957663, 0.972624, 1.005271 ] }, { "date": "2024-03-01", "close": 0.943038, "volume": 17240800, "typical_volume": 7670475.0, "trend": 1.045663, "fair_value": 1.135466, "relative_strength": -15.414934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.568401, "energy": 47.791071, "activity_lines": [ 0.953516, 0.953965, 0.967473, 0.998054 ] }, { "date": "2024-03-08", "close": 0.933793, "volume": 13455700, "typical_volume": 8179575.0, "trend": 1.036726, "fair_value": 1.135585, "relative_strength": -16.17047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.805983, "energy": 47.614275, "activity_lines": [ 0.947969, 0.949258, 0.96241, 0.990836 ] }, { "date": "2024-03-15", "close": 0.961529, "volume": 6462200, "typical_volume": 8196105.0, "trend": 1.028713, "fair_value": 1.13566, "relative_strength": -13.977499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.791184, "energy": 33.600727, "activity_lines": [ 0.951667, 0.950771, 0.960737, 0.985985 ] }, { "date": "2024-03-22", "close": 0.961529, "volume": 2569700, "typical_volume": 7945660.0, "trend": 1.022241, "fair_value": 1.135736, "relative_strength": -14.707088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.718097, "energy": 30.698348, "activity_lines": [ 0.954133, 0.95262, 0.959548, 0.981651 ] }, { "date": "2024-03-29", "close": 0.961529, "volume": 4034000, "typical_volume": 6171350.0, "trend": 1.015461, "fair_value": 1.1357, "relative_strength": -14.334741, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.318152, "energy": 24.468137, "activity_lines": [ 0.956598, 0.954469, 0.959064, 0.977734 ] }, { "date": "2024-04-05", "close": 0.943038, "volume": 9798900, "typical_volume": 6290150.0, "trend": 1.008681, "fair_value": 1.13527, "relative_strength": -15.315317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.246634, "energy": 23.1677, "activity_lines": [ 0.953516, 0.952956, 0.956862, 0.973061 ] }, { "date": "2024-04-12", "close": 0.933793, "volume": 7158600, "typical_volume": 6256640.0, "trend": 1.001285, "fair_value": 1.134835, "relative_strength": -15.567533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.185404, "energy": 30.89721, "activity_lines": [ 0.947353, 0.949762, 0.954045, 0.96823 ] }, { "date": "2024-04-19", "close": 0.933793, "volume": 5978800, "typical_volume": 5970790.0, "trend": 0.994197, "fair_value": 1.134511, "relative_strength": -13.992287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.068473, "energy": 33.272008, "activity_lines": [ 0.941189, 0.946568, 0.951403, 0.963875 ] }, { "date": "2024-04-26", "close": 0.933793, "volume": 5933500, "typical_volume": 5680755.0, "trend": 0.9868, "fair_value": 1.134132, "relative_strength": -16.14352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.846756, "energy": 35.472649, "activity_lines": [ 0.936875, 0.943543, 0.948938, 0.959978 ] }, { "date": "2024-05-03", "close": 0.924547, "volume": 6585300, "typical_volume": 5817720.0, "trend": 0.979096, "fair_value": 1.133804, "relative_strength": -16.711579, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.834902, "energy": 44.029005, "activity_lines": [ 0.931327, 0.93934, 0.9459, 0.955962 ] }, { "date": "2024-05-10", "close": 0.961529, "volume": 15581000, "typical_volume": 6495310.0, "trend": 0.972932, "fair_value": 1.134165, "relative_strength": -12.793853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.558926, "energy": 25.736626, "activity_lines": [ 0.940573, 0.942702, 0.946692, 0.954829 ] }, { "date": "2024-05-17", "close": 0.965315, "volume": 10951900, "typical_volume": 6836170.0, "trend": 0.968744, "fair_value": 1.134324, "relative_strength": -12.558552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.461499, "energy": 11.4008, "activity_lines": [ 0.949847, 0.946416, 0.947933, 0.954337 ] }, { "date": "2024-05-24", "close": 0.974779, "volume": 5182200, "typical_volume": 6968480.0, "trend": 0.965795, "fair_value": 1.134487, "relative_strength": -11.31052, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.421145, "energy": 9.444821, "activity_lines": [ 0.960175, 0.951278, 0.950234, 0.954727 ] }, { "date": "2024-05-31", "close": 0.965315, "volume": 6883300, "typical_volume": 7099850.0, "trend": 0.96099, "fair_value": 1.134308, "relative_strength": -12.194183, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.435883, "energy": 17.937548, "activity_lines": [ 0.964616, 0.954178, 0.951658, 0.954696 ] }, { "date": "2024-06-07", "close": 0.955851, "volume": 8458000, "typical_volume": 7256855.0, "trend": 0.960493, "fair_value": 1.133955, "relative_strength": -12.427474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.765581, "energy": 16.323252, "activity_lines": [ 0.963801, 0.955288, 0.952163, 0.954364 ] }, { "date": "2024-06-14", "close": 0.955851, "volume": 12042700, "typical_volume": 7587940.0, "trend": 0.959071, "fair_value": 1.133547, "relative_strength": -11.059887, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.41249, "energy": 14.794606, "activity_lines": [ 0.960898, 0.956502, 0.952695, 0.954065 ] }, { "date": "2024-06-21", "close": 0.946387, "volume": 9090400, "typical_volume": 7846615.0, "trend": 0.958258, "fair_value": 1.133246, "relative_strength": -11.680291, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.433026, "energy": 10.6644, "activity_lines": [ 0.95522, 0.955762, 0.952264, 0.953246 ] }, { "date": "2024-06-28", "close": 0.941655, "volume": 18746900, "typical_volume": 8658740.0, "trend": 0.957287, "fair_value": 1.132803, "relative_strength": -12.2571, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.549344, "energy": 18.583769, "activity_lines": [ 0.949226, 0.953933, 0.951323, 0.952175 ] }, { "date": "2024-07-05", "close": 0.955851, "volume": 20626800, "typical_volume": 9507010.0, "trend": 0.955865, "fair_value": 1.132112, "relative_strength": -12.372828, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.746103, "energy": 15.447221, "activity_lines": [ 0.950173, 0.954542, 0.95174, 0.952082 ] }, { "date": "2024-07-12", "close": 0.984242, "volume": 8108700, "typical_volume": 9744470.0, "trend": 0.955698, "fair_value": 1.13166, "relative_strength": -11.451006, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.785006, "energy": 14.00662, "activity_lines": [ 0.961214, 0.959912, 0.954889, 0.953913 ] }, { "date": "2024-07-19", "close": 0.955851, "volume": 7390400, "typical_volume": 9251950.0, "trend": 0.954892, "fair_value": 1.130969, "relative_strength": -12.248027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.622263, "energy": 14.547128, "activity_lines": [ 0.960898, 0.959034, 0.955269, 0.953923 ] }, { "date": "2024-07-26", "close": 0.965315, "volume": 4813900, "typical_volume": 8819860.0, "trend": 0.953786, "fair_value": 1.129044, "relative_strength": -10.365765, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.579793, "energy": 31.391007, "activity_lines": [ 0.963737, 0.959981, 0.956489, 0.954595 ] }, { "date": "2024-08-02", "close": 0.870676, "volume": 32058800, "typical_volume": 10099690.0, "trend": 0.950141, "fair_value": 1.126342, "relative_strength": -17.505775, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.360342, "energy": 45.460167, "activity_lines": [ 0.933769, 0.94372, 0.948547, 0.949234 ] }, { "date": "2024-08-09", "close": 0.842284, "volume": 10993700, "typical_volume": 10520890.0, "trend": 0.946166, "fair_value": 1.12374, "relative_strength": -16.722135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.788825, "energy": 78.108939, "activity_lines": [ 0.899068, 0.92419, 0.938333, 0.942275 ] }, { "date": "2024-08-16", "close": 0.85648, "volume": 14257400, "typical_volume": 11032060.0, "trend": 0.942665, "fair_value": 1.121455, "relative_strength": -16.983885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.703182, "energy": 81.719108, "activity_lines": [ 0.87667, 0.909478, 0.930038, 0.936489 ] }, { "date": "2024-08-23", "close": 0.85648, "volume": 8308500, "typical_volume": 10957540.0, "trend": 0.939779, "fair_value": 1.119282, "relative_strength": -17.277849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.371487, "energy": 83.598176, "activity_lines": [ 0.862789, 0.896572, 0.922244, 0.930929 ] }, { "date": "2024-08-30", "close": 0.85648, "volume": 6908200, "typical_volume": 10945020.0, "trend": 0.937202, "fair_value": 1.116715, "relative_strength": -18.022544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.960904, "energy": 81.078924, "activity_lines": [ 0.855534, 0.885474, 0.914863, 0.925554 ] }, { "date": "2024-09-06", "close": 0.847016, "volume": 8193900, "typical_volume": 11055775.0, "trend": 0.934001, "fair_value": 1.114313, "relative_strength": -18.62056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.844703, "energy": 75.769789, "activity_lines": [ 0.852379, 0.874289, 0.906948, 0.919736 ] }, { "date": "2024-09-13", "close": 0.85648, "volume": 8606800, "typical_volume": 11189440.0, "trend": 0.9305, "fair_value": 1.111802, "relative_strength": -19.636193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.095727, "energy": 55.09514, "activity_lines": [ 0.853956, 0.866546, 0.900347, 0.914735 ] }, { "date": "2024-09-20", "close": 0.85648, "volume": 12257800, "typical_volume": 11473065.0, "trend": 0.92669, "fair_value": 1.10946, "relative_strength": -20.391749, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.081463, "energy": 49.145154, "activity_lines": [ 0.854587, 0.86061, 0.894115, 0.909959 ] }, { "date": "2024-09-27", "close": 0.85648, "volume": 19585800, "typical_volume": 11673305.0, "trend": 0.923805, "fair_value": 1.106837, "relative_strength": -18.616467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.366327, "energy": 44.924781, "activity_lines": [ 0.855218, 0.856996, 0.888207, 0.905429 ] }, { "date": "2024-10-04", "close": 0.851748, "volume": 8294200, "typical_volume": 11540420.0, "trend": 0.92107, "fair_value": 1.103958, "relative_strength": -18.749239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.067479, "energy": 43.21586, "activity_lines": [ 0.854272, 0.854329, 0.882348, 0.900781 ] }, { "date": "2024-10-11", "close": 0.847016, "volume": 6649100, "typical_volume": 11613765.0, "trend": 0.917253, "fair_value": 1.100654, "relative_strength": -18.191414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.214656, "energy": 44.564588, "activity_lines": [ 0.852063, 0.852866, 0.876579, 0.896003 ] }, { "date": "2024-10-18", "close": 0.85648, "volume": 4911300, "typical_volume": 11515165.0, "trend": 0.913751, "fair_value": 1.097467, "relative_strength": -18.138653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.19212, "energy": 40.487231, "activity_lines": [ 0.85301, 0.853555, 0.872321, 0.892082 ] }, { "date": "2024-10-25", "close": 0.842284, "volume": 5496300, "typical_volume": 11367080.0, "trend": 0.909776, "fair_value": 1.095147, "relative_strength": -17.826981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.824441, "energy": 43.447237, "activity_lines": [ 0.849224, 0.851404, 0.867228, 0.887471 ] }, { "date": "2024-11-01", "close": 0.842284, "volume": 10149400, "typical_volume": 11272415.0, "trend": 0.906418, "fair_value": 1.092545, "relative_strength": -16.29447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.399905, "energy": 54.558024, "activity_lines": [ 0.846385, 0.849511, 0.862677, 0.883117 ] }, { "date": "2024-11-08", "close": 0.837552, "volume": 3635400, "typical_volume": 10999665.0, "trend": 0.90321, "fair_value": 1.090139, "relative_strength": -20.064566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.293945, "energy": 56.554919, "activity_lines": [ 0.842915, 0.847016, 0.858215, 0.878674 ] }, { "date": "2024-11-15", "close": 0.813893, "volume": 8717200, "typical_volume": 10498180.0, "trend": 0.899213, "fair_value": 1.08758, "relative_strength": -22.200705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.794992, "energy": 80.241475, "activity_lines": [ 0.832505, 0.840563, 0.852018, 0.872912 ] }, { "date": "2024-11-22", "close": 0.813893, "volume": 9826100, "typical_volume": 9958145.0, "trend": 0.895216, "fair_value": 1.084966, "relative_strength": -21.708535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.100786, "energy": 82.326602, "activity_lines": [ 0.824303, 0.834713, 0.84643, 0.867407 ] }, { "date": "2024-11-29", "close": 0.823357, "volume": 10705500, "typical_volume": 10087985.0, "trend": 0.891843, "fair_value": 1.08275, "relative_strength": -20.135688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.486187, "energy": 76.368971, "activity_lines": [ 0.822095, 0.831358, 0.842419, 0.862771 ] }, { "date": "2024-12-06", "close": 0.832821, "volume": 5463600, "typical_volume": 9991645.0, "trend": 0.887553, "fair_value": 1.080594, "relative_strength": -19.859935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.110723, "energy": 65.171796, "activity_lines": [ 0.824303, 0.830326, 0.840076, 0.858963 ] }, { "date": "2024-12-13", "close": 0.809161, "volume": 5347700, "typical_volume": 10018335.0, "trend": 0.882348, "fair_value": 1.078287, "relative_strength": -21.84982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.000828, "energy": 57.541676, "activity_lines": [ 0.819256, 0.825422, 0.836065, 0.853906 ] }, { "date": "2024-12-20", "close": 0.780769, "volume": 8982500, "typical_volume": 8864520.0, "trend": 0.875881, "fair_value": 1.075629, "relative_strength": -22.196354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.043913, "energy": 66.056059, "activity_lines": [ 0.806637, 0.81613, 0.830094, 0.847352 ] }, { "date": "2024-12-27", "close": 0.790233, "volume": 2120800, "typical_volume": 8420875.0, "trend": 0.870045, "fair_value": 1.072976, "relative_strength": -21.782711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.089993, "energy": 71.878827, "activity_lines": [ 0.799382, 0.809763, 0.825452, 0.841826 ] }, { "date": "2025-01-03", "close": 0.785501, "volume": 4106000, "typical_volume": 7913305.0, "trend": 0.864367, "fair_value": 1.070461, "relative_strength": -22.30446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.717468, "energy": 85.254443, "activity_lines": [ 0.792126, 0.803741, 0.820608, 0.836372 ] }, { "date": "2025-01-10", "close": 0.790233, "volume": 2709300, "typical_volume": 7633345.0, "trend": 0.858846, "fair_value": 1.068201, "relative_strength": -21.299358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.735146, "energy": 82.151317, "activity_lines": [ 0.788971, 0.799611, 0.816552, 0.831589 ] }, { "date": "2025-01-17", "close": 0.794965, "volume": 3398700, "typical_volume": 7457870.0, "trend": 0.853799, "fair_value": 1.06586, "relative_strength": -20.461289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.251336, "energy": 60.777481, "activity_lines": [ 0.790233, 0.797288, 0.813262, 0.827468 ] }, { "date": "2025-01-24", "close": 0.790233, "volume": 3267000, "typical_volume": 7211525.0, "trend": 0.848751, "fair_value": 1.063882, "relative_strength": -20.268688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.735232, "energy": 55.418261, "activity_lines": [ 0.790864, 0.794879, 0.809814, 0.823367 ] }, { "date": "2025-01-31", "close": 0.790233, "volume": 1229500, "typical_volume": 6842660.0, "trend": 0.843231, "fair_value": 1.061623, "relative_strength": -20.81629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.756601, "energy": 49.710696, "activity_lines": [ 0.790864, 0.7929, 0.806637, 0.819591 ] }, { "date": "2025-02-07", "close": 0.804429, "volume": 6514400, "typical_volume": 6555490.0, "trend": 0.837237, "fair_value": 1.059567, "relative_strength": -18.955695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.430579, "energy": 35.709283, "activity_lines": [ 0.795596, 0.793933, 0.805127, 0.817088 ] }, { "date": "2025-02-14", "close": 0.790233, "volume": 3929700, "typical_volume": 5772685.0, "trend": 0.831716, "fair_value": 1.057252, "relative_strength": -20.150758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.826443, "energy": 35.612847, "activity_lines": [ 0.794334, 0.792728, 0.802514, 0.814056 ] }, { "date": "2025-02-21", "close": 0.780769, "volume": 5689400, "typical_volume": 5642445.0, "trend": 0.825565, "fair_value": 1.055608, "relative_strength": -21.532288, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.798774, "energy": 43.590289, "activity_lines": [ 0.789918, 0.790577, 0.799314, 0.810769 ] }, { "date": "2025-02-28", "close": 0.875408, "volume": 25337700, "typical_volume": 6576875.0, "trend": 0.825722, "fair_value": 1.054683, "relative_strength": -10.732284, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 12.7115, "energy": 18.307419, "activity_lines": [ 0.817994, 0.80615, 0.805465, 0.813984 ] }, { "date": "2025-03-07", "close": 0.941655, "volume": 22730700, "typical_volume": 7467845.0, "trend": 0.829035, "fair_value": 1.05424, "relative_strength": -4.025818, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.038234, "energy": 65.82591, "activity_lines": [ 0.862474, 0.832046, 0.817791, 0.821464 ] }, { "date": "2025-03-14", "close": 0.932191, "volume": 20620200, "typical_volume": 8224040.0, "trend": 0.831559, "fair_value": 1.053736, "relative_strength": -2.598521, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 58.277033, "energy": 82.869787, "activity_lines": [ 0.893705, 0.853469, 0.82881, 0.828119 ] }, { "date": "2025-03-21", "close": 0.965315, "volume": 23920400, "typical_volume": 8912590.0, "trend": 0.835186, "fair_value": 1.053388, "relative_strength": -1.05664, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 86.62832, "energy": 95.106161, "activity_lines": [ 0.927459, 0.878247, 0.842555, 0.836748 ] }, { "date": "2025-03-28", "close": 0.941655, "volume": 10434400, "typical_volume": 9252540.0, "trend": 0.838026, "fair_value": 1.052944, "relative_strength": -4.144962, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.720708, "energy": 87.711187, "activity_lines": [ 0.941655, 0.89554, 0.853461, 0.843617 ] }, { "date": "2025-04-04", "close": 0.922727, "volume": 13095700, "typical_volume": 9471465.0, "trend": 0.840549, "fair_value": 1.052267, "relative_strength": -2.078513, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.560552, "energy": 86.490514, "activity_lines": [ 0.938816, 0.906725, 0.862068, 0.849082 ] }, { "date": "2025-04-11", "close": 0.917995, "volume": 22130400, "typical_volume": 10086680.0, "trend": 0.8426, "fair_value": 1.051446, "relative_strength": 6.34967, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.514595, "energy": 59.875106, "activity_lines": [ 0.931245, 0.91464, 0.869707, 0.854079 ] }, { "date": "2025-04-18", "close": 0.946387, "volume": 12382700, "typical_volume": 10170540.0, "trend": 0.845597, "fair_value": 1.050921, "relative_strength": 3.836635, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.539066, "energy": 55.120623, "activity_lines": [ 0.934715, 0.925394, 0.879554, 0.860774 ] }, { "date": "2025-04-25", "close": 0.936923, "volume": 6563300, "typical_volume": 10225525.0, "trend": 0.848278, "fair_value": 1.050165, "relative_strength": 0.329455, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.747534, "energy": 47.640131, "activity_lines": [ 0.934084, 0.931847, 0.887914, 0.866667 ] }, { "date": "2025-05-02", "close": 0.955851, "volume": 9489000, "typical_volume": 10432590.0, "trend": 0.851748, "fair_value": 1.049475, "relative_strength": 2.046333, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.57029, "energy": 49.941526, "activity_lines": [ 0.941655, 0.939074, 0.89758, 0.873607 ] }, { "date": "2025-05-09", "close": 0.984242, "volume": 15726400, "typical_volume": 10769785.0, "trend": 0.856322, "fair_value": 1.049208, "relative_strength": 4.55234, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.536615, "energy": 56.477387, "activity_lines": [ 0.957743, 0.94828, 0.909252, 0.882155 ] }, { "date": "2025-05-16", "close": 0.955152, "volume": 9140400, "typical_volume": 11120765.0, "trend": 0.859611, "fair_value": 1.048756, "relative_strength": 1.268243, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.647582, "energy": 48.510164, "activity_lines": [ 0.960034, 0.950217, 0.917185, 0.888531 ] }, { "date": "2025-05-23", "close": 0.969697, "volume": 13579300, "typical_volume": 11594430.0, "trend": 0.863859, "fair_value": 1.048338, "relative_strength": 3.582908, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.712594, "energy": 48.624005, "activity_lines": [ 0.964696, 0.954554, 0.925718, 0.895633 ] }, { "date": "2025-05-30", "close": 0.96, "volume": 10788500, "typical_volume": 11998390.0, "trend": 0.867782, "fair_value": 1.047571, "relative_strength": 2.576384, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.845507, "energy": 47.017399, "activity_lines": [ 0.964572, 0.956446, 0.93245, 0.901836 ] }, { "date": "2025-06-06", "close": 0.950303, "volume": 6077200, "typical_volume": 12132315.0, "trend": 0.871541, "fair_value": 1.047145, "relative_strength": 0.882946, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.974565, "energy": 40.536356, "activity_lines": [ 0.959677, 0.956672, 0.93745, 0.90716 ] }, { "date": "2025-06-13", "close": 0.940606, "volume": 6179300, "typical_volume": 12277930.0, "trend": 0.875765, "fair_value": 1.046714, "relative_strength": 0.837388, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.063103, "energy": 32.032009, "activity_lines": [ 0.951919, 0.954977, 0.940786, 0.911615 ] }, { "date": "2025-06-20", "close": 0.926061, "volume": 12666300, "typical_volume": 12849770.0, "trend": 0.879503, "fair_value": 1.046248, "relative_strength": 0.380544, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.427899, "energy": 22.252369, "activity_lines": [ 0.942222, 0.950312, 0.942022, 0.91486 ] }, { "date": "2025-06-27", "close": 0.935758, "volume": 9091400, "typical_volume": 12978620.0, "trend": 0.88325, "fair_value": 1.045728, "relative_strength": -0.308974, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.649337, "energy": 19.565991, "activity_lines": [ 0.937697, 0.947264, 0.943534, 0.91849 ] }, { "date": "2025-07-04", "close": 0.979394, "volume": 12696700, "typical_volume": 13416970.0, "trend": 0.888136, "fair_value": 1.045604, "relative_strength": 3.411423, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.525051, "energy": 26.445421, "activity_lines": [ 0.94998, 0.952343, 0.948577, 0.924693 ] }, { "date": "2025-07-11", "close": 0.989091, "volume": 7302200, "typical_volume": 13497610.0, "trend": 0.894134, "fair_value": 1.045484, "relative_strength": 2.870462, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.733371, "energy": 39.957646, "activity_lines": [ 0.964202, 0.958413, 0.953642, 0.931206 ] }, { "date": "2025-07-18", "close": 0.989091, "volume": 8080100, "typical_volume": 12634730.0, "trend": 0.901078, "fair_value": 1.045364, "relative_strength": 0.712505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.801698, "energy": 56.586716, "activity_lines": [ 0.975839, 0.963879, 0.957715, 0.937332 ] }, { "date": "2025-07-25", "close": 1.018182, "volume": 13618400, "typical_volume": 12179115.0, "trend": 0.908676, "fair_value": 1.045258, "relative_strength": 2.292473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.319499, "energy": 77.218481, "activity_lines": [ 0.99394, 0.974546, 0.964018, 0.944887 ] }, { "date": "2025-08-01", "close": 0.969697, "volume": 25189800, "typical_volume": 12407595.0, "trend": 0.914816, "fair_value": 1.043687, "relative_strength": 0.134466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.747513, "energy": 58.782827, "activity_lines": [ 0.989737, 0.975251, 0.965339, 0.948824 ] }, { "date": "2025-08-08", "close": 1.008485, "volume": 11195700, "typical_volume": 11771360.0, "trend": 0.922091, "fair_value": 1.042654, "relative_strength": 2.199181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.421377, "energy": 55.197011, "activity_lines": [ 0.996202, 0.983008, 0.970175, 0.954867 ] }, { "date": "2025-08-15", "close": 1.008485, "volume": 7286200, "typical_volume": 11613950.0, "trend": 0.929208, "fair_value": 1.041389, "relative_strength": 2.568458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.493321, "energy": 48.000958, "activity_lines": [ 1.000727, 0.989884, 0.974805, 0.960441 ] }, { "date": "2025-08-22", "close": 0.989091, "volume": 6254300, "typical_volume": 11271880.0, "trend": 0.935837, "fair_value": 1.040058, "relative_strength": 0.231859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.154117, "energy": 38.317369, "activity_lines": [ 0.997495, 0.992176, 0.97727, 0.964304 ] }, { "date": "2025-08-29", "close": 0.979394, "volume": 6506300, "typical_volume": 10490675.0, "trend": 0.942142, "fair_value": 1.038261, "relative_strength": -0.979466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.948809, "energy": 31.333578, "activity_lines": [ 0.99103, 0.991824, 0.978496, 0.967115 ] }, { "date": "2025-09-05", "close": 0.979394, "volume": 4808300, "typical_volume": 10111955.0, "trend": 0.947974, "fair_value": 1.036522, "relative_strength": -1.693549, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.579086, "energy": 23.342034, "activity_lines": [ 0.987152, 0.990501, 0.979429, 0.969518 ] }, { "date": "2025-09-12", "close": 0.979394, "volume": 3607400, "typical_volume": 9964160.0, "trend": 0.95428, "fair_value": 1.034725, "relative_strength": -2.413087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.034018, "energy": 16.713134, "activity_lines": [ 0.982626, 0.988386, 0.980205, 0.971545 ] }, { "date": "2025-09-19", "close": 0.979394, "volume": 4008100, "typical_volume": 9690115.0, "trend": 0.960901, "fair_value": 1.033331, "relative_strength": -1.40006, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.333619, "energy": 16.276312, "activity_lines": [ 0.98004, 0.98627, 0.980779, 0.973165 ] }, { "date": "2025-09-26", "close": 0.955152, "volume": 6695600, "typical_volume": 9238575.0, "trend": 0.963559, "fair_value": 1.031783, "relative_strength": -2.884981, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.386016, "energy": 11.842715, "activity_lines": [ 0.971313, 0.979923, 0.978932, 0.972794 ] }, { "date": "2025-10-03", "close": 0.969697, "volume": 8689500, "typical_volume": 9216030.0, "trend": 0.964493, "fair_value": 1.030616, "relative_strength": -4.52856, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.929805, "energy": 12.393696, "activity_lines": [ 0.969697, 0.976838, 0.978609, 0.97319 ] }, { "date": "2025-10-10", "close": 0.979394, "volume": 5108900, "typical_volume": 8792510.0, "trend": 0.966067, "fair_value": 1.029857, "relative_strength": -3.776106, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.158951, "energy": 11.402244, "activity_lines": [ 0.97196, 0.976397, 0.97914, 0.974152 ] }, { "date": "2025-10-17", "close": 0.969697, "volume": 5898300, "typical_volume": 8548000.0, "trend": 0.966213, "fair_value": 1.029094, "relative_strength": -2.477158, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.821788, "energy": 10.459124, "activity_lines": [ 0.97099, 0.974017, 0.978701, 0.974386 ] }, { "date": "2025-10-24", "close": 0.969697, "volume": 5629900, "typical_volume": 8525635.0, "trend": 0.967148, "fair_value": 1.027984, "relative_strength": -4.413267, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.740168, "energy": 7.151782, "activity_lines": [ 0.970667, 0.972342, 0.978217, 0.974611 ] }, { "date": "2025-10-31", "close": 0.96, "volume": 6575700, "typical_volume": 8545455.0, "trend": 0.96839, "fair_value": 1.026409, "relative_strength": -5.346391, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.849358, "energy": 14.764142, "activity_lines": [ 0.967758, 0.969609, 0.976716, 0.97415 ] }, { "date": "2025-11-07", "close": 0.969697, "volume": 6940100, "typical_volume": 8259145.0, "trend": 0.970114, "fair_value": 1.024665, "relative_strength": -5.672862, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.651452, "energy": 15.417171, "activity_lines": [ 0.967758, 0.969168, 0.976046, 0.974234 ] }, { "date": "2025-11-14", "close": 0.964849, "volume": 5991300, "typical_volume": 8104140.0, "trend": 0.970729, "fair_value": 1.022948, "relative_strength": -7.215963, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.585473, "energy": 17.061311, "activity_lines": [ 0.966142, 0.968022, 0.974707, 0.973894 ] }, { "date": "2025-11-21", "close": 0.945455, "volume": 12478000, "typical_volume": 8093205.0, "trend": 0.971013, "fair_value": 1.021337, "relative_strength": -7.471465, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.440716, "energy": 38.755102, "activity_lines": [ 0.959031, 0.963615, 0.971383, 0.972264 ] }, { "date": "2025-11-28", "close": 0.96, "volume": 10934100, "typical_volume": 8274800.0, "trend": 0.971152, "fair_value": 1.019474, "relative_strength": -7.124077, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.053281, "energy": 30.068561, "activity_lines": [ 0.958384, 0.962468, 0.969605, 0.971553 ] }, { "date": "2025-12-05", "close": 0.950303, "volume": 13199200, "typical_volume": 8530755.0, "trend": 0.97002, "fair_value": 1.017548, "relative_strength": -8.137606, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -31.507641, "energy": 37.979134, "activity_lines": [ 0.955152, 0.959912, 0.967042, 0.970208 ] }, { "date": "2025-12-12", "close": 0.979394, "volume": 11012000, "typical_volume": 8400435.0, "trend": 0.970828, "fair_value": 1.015981, "relative_strength": -6.471982, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.978038, "energy": 21.887548, "activity_lines": [ 0.962263, 0.962733, 0.967434, 0.970813 ] }, { "date": "2025-12-19", "close": 0.989091, "volume": 5846900, "typical_volume": 7433290.0, "trend": 0.971475, "fair_value": 1.014247, "relative_strength": -5.253694, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.699145, "energy": 10.827082, "activity_lines": [ 0.97196, 0.967141, 0.968935, 0.971991 ] }, { "date": "2025-12-26", "close": 0.989091, "volume": 2336900, "typical_volume": 6990350.0, "trend": 0.972445, "fair_value": 1.012512, "relative_strength": -6.640107, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.492981, "energy": 22.355221, "activity_lines": [ 0.98004, 0.971372, 0.970344, 0.973128 ] }, { "date": "2026-01-02", "close": 0.989091, "volume": 1862500, "typical_volume": 6719165.0, "trend": 0.973738, "fair_value": 1.010662, "relative_strength": -7.086013, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.713633, "energy": 30.750542, "activity_lines": [ 0.985212, 0.975251, 0.971844, 0.974201 ] }, { "date": "2026-01-09", "close": 0.979394, "volume": 3460200, "typical_volume": 6579460.0, "trend": 0.97503, "fair_value": 1.009038, "relative_strength": -9.702788, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.223125, "energy": 33.220668, "activity_lines": [ 0.985212, 0.977014, 0.972514, 0.974566 ] }, { "date": "2026-01-16", "close": 0.979394, "volume": 4584100, "typical_volume": 6483350.0, "trend": 0.976808, "fair_value": 1.007125, "relative_strength": -11.598267, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.289405, "energy": 29.412075, "activity_lines": [ 0.983273, 0.978424, 0.97323, 0.974848 ] }, { "date": "2026-01-23", "close": 0.969697, "volume": 4667700, "typical_volume": 6476320.0, "trend": 0.977939, "fair_value": 1.005035, "relative_strength": -13.162046, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.879458, "energy": 6.301199, "activity_lines": [ 0.978101, 0.977895, 0.973022, 0.974389 ] }, { "date": "2026-01-30", "close": 0.964849, "volume": 4660100, "typical_volume": 6528955.0, "trend": 0.977455, "fair_value": 1.002741, "relative_strength": -13.777285, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.156591, "energy": 18.472736, "activity_lines": [ 0.972606, 0.976397, 0.972398, 0.973545 ] }, { "date": "2026-02-06", "close": 0.964849, "volume": 7624100, "typical_volume": 6709755.0, "trend": 0.976647, "fair_value": 1.000447, "relative_strength": -14.196414, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.42881, "energy": 23.572055, "activity_lines": [ 0.968728, 0.974546, 0.971844, 0.972731 ] }, { "date": "2026-02-13", "close": 0.979394, "volume": 10578000, "typical_volume": 6903875.0, "trend": 0.976323, "fair_value": 0.998362, "relative_strength": -12.922303, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.579164, "energy": 17.261888, "activity_lines": [ 0.971313, 0.975251, 0.972745, 0.972909 ] }, { "date": "2026-02-20", "close": 0.989091, "volume": 3461500, "typical_volume": 6642475.0, "trend": 0.975354, "fair_value": 0.996223, "relative_strength": -13.447789, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.991973, "energy": 6.675446, "activity_lines": [ 0.977132, 0.97719, 0.974453, 0.973732 ] }, { "date": "2026-02-27", "close": 1.027879, "volume": 23854900, "typical_volume": 7579775.0, "trend": 0.977293, "fair_value": 0.994795, "relative_strength": -9.5032, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 47.502628, "energy": 53.01621, "activity_lines": [ 0.995233, 0.986006, 0.979764, 0.977121 ] }, { "date": "2026-03-06", "close": 0.998788, "volume": 14913700, "typical_volume": 8030545.0, "trend": 0.97697, "fair_value": 0.993468, "relative_strength": -9.136002, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.947623, "energy": 56.990877, "activity_lines": [ 0.999758, 0.988827, 0.982072, 0.978508 ] }, { "date": "2026-03-13", "close": 0.979394, "volume": 13146000, "typical_volume": 8406350.0, "trend": 0.976, "fair_value": 0.991786, "relative_strength": -10.480901, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.12001, "energy": 52.449882, "activity_lines": [ 0.995556, 0.987945, 0.982396, 0.978664 ] }, { "date": "2026-03-20", "close": 0.969697, "volume": 7699900, "typical_volume": 8462560.0, "trend": 0.975354, "fair_value": 0.989754, "relative_strength": -12.906456, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.163153, "energy": 31.768963, "activity_lines": [ 0.987152, 0.985477, 0.981749, 0.978258 ] }, { "date": "2026-03-27", "close": 0.969697, "volume": 10164700, "typical_volume": 8623790.0, "trend": 0.97503, "fair_value": 0.987376, "relative_strength": -11.710244, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.825769, "energy": 12.891541, "activity_lines": [ 0.979394, 0.983185, 0.981056, 0.977893 ] }, { "date": "2026-04-03", "close": 0.989091, "volume": 5177500, "typical_volume": 8583100.0, "trend": 0.975354, "fair_value": 0.98518, "relative_strength": -10.525525, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.79814, "energy": 18.445235, "activity_lines": [ 0.979394, 0.984595, 0.982211, 0.9788 ] }, { "date": "2026-04-10", "close": 0.989091, "volume": 3009000, "typical_volume": 8109650.0, "trend": 0.975677, "fair_value": 0.982926, "relative_strength": -10.792533, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.725842, "energy": 16.14398, "activity_lines": [ 0.98198, 0.985653, 0.98325, 0.979686 ] }, { "date": "2026-04-17", "close": 0.989091, "volume": 2982700, "typical_volume": 7712080.0, "trend": 0.976, "fair_value": 0.980787, "relative_strength": -10.507172, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.380484, "energy": 14.404299, "activity_lines": [ 0.985212, 0.98627, 0.984081, 0.980551 ] }, { "date": "2026-04-24", "close": 0.998788, "volume": 2934600, "typical_volume": 7198850.0, "trend": 0.977455, "fair_value": 0.978711, "relative_strength": -7.91426, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.874898, "energy": 32.587892, "activity_lines": [ 0.99103, 0.988209, 0.985697, 0.982022 ] }, { "date": "2026-05-01", "close": 0.964849, "volume": 7102100, "typical_volume": 7003355.0, "trend": 0.977293, "fair_value": 0.976417, "relative_strength": -10.451294, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.89201, "energy": 6.041141, "activity_lines": [ 0.983596, 0.983626, 0.98385, 0.981208 ] }, { "date": "2026-05-08", "close": 0.969697, "volume": 5401100, "typical_volume": 6981065.0, "trend": 0.97697, "fair_value": 0.974442, "relative_strength": -9.719287, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.485106, "energy": 7.549551, "activity_lines": [ 0.978101, 0.980364, 0.982534, 0.980718 ] }, { "date": "2026-05-15", "close": 0.96, "volume": 12785300, "typical_volume": 7503485.0, "trend": 0.976647, "fair_value": 0.972595, "relative_strength": -11.414804, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.146427, "energy": 21.552893, "activity_lines": [ 0.970667, 0.976397, 0.980387, 0.979623 ] }, { "date": "2026-05-22", "close": 0.955, "volume": 6479400, "typical_volume": 7734330.0, "trend": 0.976157, "fair_value": 0.970775, "relative_strength": -12.777402, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.834853, "energy": 36.087973, "activity_lines": [ 0.963505, 0.972226, 0.977902, 0.978227 ] }, { "date": "2026-05-29", "close": 0.965, "volume": 8147500, "typical_volume": 7968695.0, "trend": 0.976323, "fair_value": 0.969079, "relative_strength": -10.898363, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.578301, "energy": 41.993299, "activity_lines": [ 0.96195, 0.970317, 0.976532, 0.977507 ] }, { "date": "2026-06-05", "close": 0.945, "volume": 1482300, "typical_volume": 7813605.0, "trend": 0.9755, "fair_value": 0.967373, "relative_strength": -12.528328, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.06544, "energy": 63.535928, "activity_lines": [ 0.95598, 0.964857, 0.973325, 0.975486 ] }, { "date": "2026-06-12", "close": 0.94, "volume": 724600, "typical_volume": 7616450.0, "trend": 0.974672, "fair_value": 0.965397, "relative_strength": -12.150843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.071997, "energy": 68.404804, "activity_lines": [ 0.949667, 0.958937, 0.969807, 0.973196 ] }, { "date": "2026-06-19", "close": 0.93, "volume": 3369100, "typical_volume": 7551900.0, "trend": 0.974157, "fair_value": 0.963595, "relative_strength": -15.42544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.581313, "energy": 74.324097, "activity_lines": [ 0.942, 0.952091, 0.965477, 0.970314 ] }, { "date": "2026-06-26", "close": 0.92, "volume": 3268800, "typical_volume": 7334135.0, "trend": 0.972823, "fair_value": 0.961432, "relative_strength": -15.870523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.288583, "energy": 82.255799, "activity_lines": [ 0.933, 0.944501, 0.960361, 0.96682 ] }, { "date": "2026-07-03", "close": 0.93, "volume": 1070400, "typical_volume": 6858755.0, "trend": 0.972147, "fair_value": 0.959452, "relative_strength": -15.292711, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.403013, "energy": 78.028486, "activity_lines": [ 0.929667, 0.939986, 0.956411, 0.964057 ] }, { "date": "2026-07-10", "close": 0.945, "volume": 13056300, "typical_volume": 7338495.0, "trend": 0.971, "fair_value": 0.95745, "relative_strength": -16.939608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.905399, "energy": 62.026203, "activity_lines": [ 0.933667, 0.939449, 0.954124, 0.962306 ] }, { "date": "2026-07-17", "close": 0.94, "volume": 8165300, "typical_volume": 6554015.0, "trend": 0.969364, "fair_value": 0.955652, "relative_strength": -17.481582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.941176, "energy": 43.985338, "activity_lines": [ 0.936, 0.938364, 0.951571, 0.960306 ] }, { "date": "2026-07-24", "close": 0.95, "volume": 6662800, "typical_volume": 6141470.0, "trend": 0.968061, "fair_value": 0.9538, "relative_strength": -17.250618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.496239, "energy": 27.119472, "activity_lines": [ 0.941667, 0.939636, 0.95039, 0.959056 ] }, { "date": "2026-07-31", "close": 0.88, "volume": 29652800, "typical_volume": 6966810.0, "trend": 0.964424, "fair_value": 0.951618, "relative_strength": -23.341602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.974837, "energy": 52.511352, "activity_lines": [ 0.922667, 0.928364, 0.942773, 0.953375 ] }, { "date": "2026-08-07", "close": 0.875, "volume": 15502400, "typical_volume": 7356935.0, "trend": 0.960945, "fair_value": 0.949523, "relative_strength": -24.109263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.411362, "energy": 78.116033, "activity_lines": [ 0.904667, 0.917545, 0.935154, 0.947606 ] } ], "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." } } }