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"2026-07-10", "close": 907.799988, "volume": 115, "typical_volume": 10.35, "trend": 891.329431, "fair_value": 900.547032, "relative_strength": -19.528246, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -8.203708, "energy": 9.359712, "activity_lines": [ 883.573332, 888.500783, 885.579011, 885.338149 ] }, { "date": "2026-07-17", "close": 937.799988, "volume": 3, "typical_volume": 10.2, "trend": 892.477667, "fair_value": 900.951955, "relative_strength": -14.711443, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 35.955917, "energy": 15.857107, "activity_lines": [ 900.786662, 896.166258, 891.522739, 888.33625 ] }, { "date": "2026-07-24", "close": 923.799988, "volume": 0, "typical_volume": 9.65, "trend": 892.659084, "fair_value": 901.197633, "relative_strength": -16.588613, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.362107, "energy": 37.096332, "activity_lines": [ 910.666659, 900.792222, 895.870678, 890.357045 ] }, { "date": "2026-07-31", "close": 950.599976, "volume": 0, "typical_volume": 7.75, "trend": 893.660964, "fair_value": 901.72319, "relative_strength": -13.606759, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.717261, "energy": 67.366359, "activity_lines": [ 928.746651, 910.401755, 902.343378, 894.095167 ] }, { "date": "2026-08-07", "close": 981.200012, "volume": 6, "typical_volume": 8.0, "trend": 895.477486, "fair_value": 902.559788, "relative_strength": -12.917893, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.498309, "energy": 79.950276, "activity_lines": [ 950.879993, 924.978176, 911.078939, 899.742847 ] } ], "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." } } }