{ "ticker": { "uuid": "29c47170-35d2-4239-972f-dcfecaf5bd5e", "symbol": "MDTN", "name": "Medtronic plc", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 12.033, "architecture_energy": 29.201, "architecture_maturity": 23.927, "architecture_confidence": 43.035, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 52.35, "rotation_up": 48.89, "upward_expansion": 38.43, "deceleration": 43.45, "rotation_down": 14.08, "downward_expansion": 44.43 }, "activity_lines": [ 1477.2, 1452.775274, 1424.661687, 1454.596322 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 1498.0, "trend_reference": 1517.601451, "distance_from_trend": -0.012916, "trend_direction": "Weakening", "fair_value": 1578.536776, "distance_from_fair_value": -0.05102, "fair_value_direction": "Improving", "relative_strength": -9.512682, "relative_strength_direction": "Improving", "price_momentum": -0.159449, "excess_performance": -0.104782, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.012916, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.069881, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.05102, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.076641, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.095127, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.1647, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.159449, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.200159, "read": "Supply-led" } ], "volume": { "latest": 71, "relative_activity": 0.061718, "balance": 0.200159, "dry_up": 0.183414, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.032253, "annualized_volatility": 0.222369, "from_high_reference": -0.19163, "from_low_reference": 0.132862 }, "levels": { "trend_reference": 1517.601451, "fair_value_reference": 1578.536776, "structural_low": 1322.314453, "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": 1, "median_return": -0.06919, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.070801, "regime_survival": 0.0, "best_return": -0.06919, "worst_return": -0.06919, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.009162, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.03458, "regime_survival": 0.0, "best_return": -0.009162, "worst_return": -0.009162, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.086833, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.096424, "regime_survival": 0.0, "best_return": -0.086833, "worst_return": -0.086833, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.075446, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.150866, "regime_survival": 0.0, "best_return": -0.075446, "worst_return": -0.075446, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": -0.010054, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-31", "end": "2025-02-14", "tenure": "New", "return": 0.031639, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": -0.028744, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": -0.024755, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-16", "end": "2025-09-05", "tenure": "Established", "return": 0.017422, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": 0.036017, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-11-14", "tenure": "New", "return": 0.0, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-05", "tenure": "New", "return": 0.072695, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-01-09", "tenure": "Developing", "return": -0.039839, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-16", "end": "2026-02-13", "tenure": "Developing", "return": 0.017677, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-13", "tenure": "New", "return": -0.023216, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-07-24", "tenure": "Established", "return": -0.077592, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.00117, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1434.480591, "volume": 0, "typical_volume": 810.45, "trend": 1495.459989, "fair_value": 2048.795644, "relative_strength": -10.487772, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.757745, "energy": 91.375718, "activity_lines": [ 1449.208569, 1464.052128, 1489.407617, 1488.460418 ] }, { "date": "2023-08-25", "close": 1434.480591, "volume": 0, "typical_volume": 810.45, "trend": 1492.184102, "fair_value": 2042.931778, "relative_strength": -9.744814, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.481829, "energy": 91.442345, "activity_lines": [ 1440.418221, 1455.95103, 1484.140389, 1484.526263 ] }, { "date": "2023-09-01", "close": 1343.42627, "volume": 13, "typical_volume": 811.1, "trend": 1485.463448, "fair_value": 2036.795579, "relative_strength": -14.536731, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -97.839496, "energy": 98.840374, "activity_lines": [ 1405.157455, 1433.513022, 1470.049107, 1474.928984 ] }, { "date": "2023-09-08", "close": 1343.42627, "volume": 0, "typical_volume": 811.1, "trend": 1476.399386, "fair_value": 2031.046983, "relative_strength": -12.810063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.194138, "energy": 98.481896, "activity_lines": [ 1379.847998, 1413.712831, 1456.2392, 1465.765295 ] }, { "date": "2023-09-15", "close": 1343.42627, "volume": 0, "typical_volume": 811.1, "trend": 1469.477234, "fair_value": 2025.298387, "relative_strength": -10.161509, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.689999, "energy": 95.591881, "activity_lines": [ 1361.637134, 1396.82059, 1442.710671, 1457.186384 ] }, { "date": "2023-09-22", "close": 1419.912354, "volume": 523, "typical_volume": 726.25, "trend": 1464.444779, "fair_value": 2020.29056, "relative_strength": -4.919184, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.544006, "energy": 85.71903, "activity_lines": [ 1374.991919, 1396.115747, 1436.747907, 1453.98865 ] }, { "date": "2023-09-29", "close": 1419.912354, "volume": 0, "typical_volume": 696.4, "trend": 1462.090458, "fair_value": 2014.717079, "relative_strength": -2.871663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.401532, "energy": 66.453805, "activity_lines": [ 1389.31792, 1396.301086, 1431.703812, 1451.11559 ] }, { "date": "2023-10-06", "close": 1419.912354, "volume": 0, "typical_volume": 696.4, "trend": 1461.548617, "fair_value": 2009.041897, "relative_strength": -0.021999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.352615, "energy": 51.565302, "activity_lines": [ 1404.615137, 1397.809762, 1427.310105, 1448.394422 ] }, { "date": "2023-10-13", "close": 1294.783691, "volume": 39371, "typical_volume": 2664.95, "trend": 1455.990731, "fair_value": 2002.528388, "relative_strength": -7.690527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.759089, "energy": 65.360679, "activity_lines": [ 1373.103727, 1377.891109, 1411.649771, 1437.635395 ] }, { "date": "2023-10-20", "close": 1294.783691, "volume": 0, "typical_volume": 2664.95, "trend": 1450.410295, "fair_value": 1996.11466, "relative_strength": -5.067403, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.22695, "energy": 75.020008, "activity_lines": [ 1344.835156, 1360.792847, 1397.235674, 1427.234941 ] }, { "date": "2023-10-27", "close": 1281.353027, "volume": 109, "typical_volume": 2670.4, "trend": 1446.371549, "fair_value": 1990.491934, "relative_strength": -6.932295, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.553571, "energy": 94.022281, "activity_lines": [ 1315.332536, 1343.792589, 1382.788706, 1416.32802 ] }, { "date": "2023-11-03", "close": 1281.353027, "volume": 0, "typical_volume": 2670.4, "trend": 1442.332804, "fair_value": 1984.869208, "relative_strength": -10.66396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.098253, "energy": 92.970716, "activity_lines": [ 1295.067203, 1329.576469, 1369.651931, 1405.681664 ] }, { "date": "2023-11-10", "close": 1243.519897, "volume": 1105, "typical_volume": 2495.7, "trend": 1437.032955, "fair_value": 1979.576237, "relative_strength": -12.879688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.621815, "energy": 96.275217, "activity_lines": [ 1271.428116, 1311.265736, 1354.222195, 1392.855025 ] }, { "date": "2023-11-17", "close": 1286.619873, "volume": 16590, "typical_volume": 3177.7, "trend": 1433.169771, "fair_value": 1974.559548, "relative_strength": -11.882654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.414389, "energy": 85.601294, "activity_lines": [ 1273.915185, 1302.607841, 1344.063821, 1383.150955 ] }, { "date": "2023-11-24", "close": 1286.619873, "volume": 0, "typical_volume": 3130.5, "trend": 1429.306588, "fair_value": 1968.303228, "relative_strength": -11.880101, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.681306, "energy": 67.116995, "activity_lines": [ 1276.946509, 1294.98279, 1334.937559, 1373.696123 ] }, { "date": "2023-12-01", "close": 1286.619873, "volume": 0, "typical_volume": 3130.5, "trend": 1418.432821, "fair_value": 1961.95157, "relative_strength": -13.160774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.441797, "energy": 66.792125, "activity_lines": [ 1280.522086, 1288.390583, 1326.679165, 1364.490528 ] }, { "date": "2023-12-08", "close": 1286.619873, "volume": 0, "typical_volume": 3129.0, "trend": 1409.437024, "fair_value": 1956.216425, "relative_strength": -13.612987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.500281, "energy": 62.481091, "activity_lines": [ 1283.746541, 1284.221875, 1319.288641, 1355.986467 ] }, { "date": "2023-12-15", "close": 1286.619873, "volume": 0, "typical_volume": 3129.0, "trend": 1400.441227, "fair_value": 1949.947396, "relative_strength": -17.337933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.315229, "energy": 56.962817, "activity_lines": [ 1286.619873, 1282.476667, 1312.879431, 1348.06278 ] }, { "date": "2023-12-22", "close": 1379.749268, "volume": 645, "typical_volume": 3101.6, "trend": 1394.549744, "fair_value": 1944.271665, "relative_strength": -11.323249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.278867, "energy": 21.768595, "activity_lines": [ 1317.663005, 1300.087575, 1316.321002, 1346.727815 ] }, { "date": "2023-12-29", "close": 1393.416504, "volume": 259, "typical_volume": 2930.75, "trend": 1389.113835, "fair_value": 1938.530961, "relative_strength": -10.137444, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 10.443863, "energy": 31.379108, "activity_lines": [ 1347.053255, 1318.638608, 1321.39829, 1346.654703 ] }, { "date": "2024-01-05", "close": 1393.416504, "volume": 0, "typical_volume": 2930.75, "trend": 1383.677926, "fair_value": 1932.809332, "relative_strength": -7.882151, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 25.893331, "energy": 47.165221, "activity_lines": [ 1369.323731, 1335.396316, 1326.671121, 1346.932294 ] }, { "date": "2024-01-12", "close": 1393.416504, "volume": 0, "typical_volume": 2930.75, "trend": 1378.242017, "fair_value": 1928.117218, "relative_strength": -6.64495, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.835998, "energy": 73.904787, "activity_lines": [ 1384.47443, 1350.116506, 1332.139496, 1347.56059 ] }, { "date": "2024-01-19", "close": 1393.416504, "volume": 0, "typical_volume": 2930.1, "trend": 1375.072359, "fair_value": 1922.827891, "relative_strength": -6.133028, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.91403, "energy": 76.710036, "activity_lines": [ 1392.505355, 1362.799179, 1337.803413, 1348.539589 ] }, { "date": "2024-01-26", "close": 1393.416504, "volume": 0, "typical_volume": 2930.1, "trend": 1371.407459, "fair_value": 1917.538564, "relative_strength": -8.221506, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.50138, "energy": 76.113328, "activity_lines": [ 1393.416504, 1372.756459, 1343.229282, 1349.723082 ] }, { "date": "2024-02-02", "close": 1393.416504, "volume": 0, "typical_volume": 2930.1, "trend": 1368.892265, "fair_value": 1911.245151, "relative_strength": -10.080887, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.864992, "energy": 74.810767, "activity_lines": [ 1393.416504, 1380.771982, 1348.417103, 1351.143021 ] }, { "date": "2024-02-09", "close": 1456.163696, "volume": 35052, "typical_volume": 4656.55, "trend": 1368.468644, "fair_value": 1905.347223, "relative_strength": -4.185324, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 69.041756, "energy": 77.085547, "activity_lines": [ 1414.332235, 1398.254328, 1359.342797, 1356.773435 ] }, { "date": "2024-02-16", "close": 1424.515991, "volume": 2000, "typical_volume": 4756.55, "trend": 1366.19598, "fair_value": 1898.903129, "relative_strength": -5.68015, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.223964, "energy": 75.070843, "activity_lines": [ 1420.515584, 1406.899931, 1367.081799, 1360.389393 ] }, { "date": "2024-02-23", "close": 1452.368286, "volume": 3175, "typical_volume": 4915.3, "trend": 1364.851725, "fair_value": 1891.702402, "relative_strength": -2.73844, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 87.477138, "energy": 86.727001, "activity_lines": [ 1433.909733, 1418.102386, 1377.451479, 1365.948897 ] }, { "date": "2024-03-01", "close": 1452.368286, "volume": 0, "typical_volume": 2946.75, "trend": 1364.93383, "fair_value": 1885.182554, "relative_strength": -0.672441, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.693568, "energy": 91.388622, "activity_lines": [ 1443.373763, 1426.291233, 1387.666606, 1371.595127 ] }, { "date": "2024-03-08", "close": 1452.368286, "volume": 0, "typical_volume": 2946.75, "trend": 1365.530086, "fair_value": 1879.234866, "relative_strength": 0.46917, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.958649, "energy": 84.977456, "activity_lines": [ 1448.907674, 1433.159734, 1397.131331, 1377.236059 ] }, { "date": "2024-03-15", "close": 1452.368286, "volume": 0, "typical_volume": 2941.3, "trend": 1366.126343, "fair_value": 1872.982028, "relative_strength": -1.673645, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.103692, "energy": 69.461436, "activity_lines": [ 1450.511466, 1438.956385, 1405.845653, 1382.838524 ] }, { "date": "2024-03-22", "close": 1453.055908, "volume": 0, "typical_volume": 2941.3, "trend": 1366.74552, "fair_value": 1866.881186, "relative_strength": -2.144957, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.97767, "energy": 89.701013, "activity_lines": [ 1452.597493, 1443.806208, 1413.811104, 1388.446883 ] }, { "date": "2024-03-29", "close": 1453.055908, "volume": 0, "typical_volume": 2886.05, "trend": 1370.399841, "fair_value": 1860.780343, "relative_strength": -3.389784, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.58999, "energy": 89.4875, "activity_lines": [ 1452.780859, 1447.571677, 1420.958922, 1394.015295 ] }, { "date": "2024-04-05", "close": 1382.983765, "volume": 397, "typical_volume": 2076.4, "trend": 1371.718424, "fair_value": 1854.167878, "relative_strength": -9.033017, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.798311, "energy": 44.291586, "activity_lines": [ 1429.561003, 1437.512404, 1420.435413, 1394.827161 ] }, { "date": "2024-04-12", "close": 1382.983765, "volume": 0, "typical_volume": 2076.4, "trend": 1373.037008, "fair_value": 1847.425247, "relative_strength": -6.488525, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.104997, "energy": 36.61767, "activity_lines": [ 1410.966781, 1427.642818, 1419.453027, 1395.553957 ] }, { "date": "2024-04-19", "close": 1382.983765, "volume": 0, "typical_volume": 2076.4, "trend": 1371.806055, "fair_value": 1840.682616, "relative_strength": -5.232738, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.707857, "energy": 38.939573, "activity_lines": [ 1396.998194, 1417.962917, 1418.011766, 1396.195683 ] }, { "date": "2024-04-26", "close": 1382.983765, "volume": 0, "typical_volume": 2076.4, "trend": 1370.575102, "fair_value": 1832.855795, "relative_strength": -8.359151, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.151397, "energy": 45.478085, "activity_lines": [ 1387.655241, 1409.613561, 1416.11163, 1396.916826 ] }, { "date": "2024-05-03", "close": 1382.983765, "volume": 0, "typical_volume": 2076.4, "trend": 1369.344149, "fair_value": 1825.014343, "relative_strength": -6.885102, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.762285, "energy": 44.885302, "activity_lines": [ 1382.983765, 1402.019336, 1413.752618, 1397.717385 ] }, { "date": "2024-05-10", "close": 1375.329712, "volume": 174, "typical_volume": 2052.85, "trend": 1372.029016, "fair_value": 1817.123827, "relative_strength": -8.029376, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -21.768521, "energy": 54.055492, "activity_lines": [ 1380.432414, 1394.295002, 1410.205772, 1398.10355 ] }, { "date": "2024-05-17", "close": 1400.534424, "volume": 150, "typical_volume": 2047.4, "trend": 1375.554041, "fair_value": 1809.394879, "relative_strength": -5.820664, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -8.97941, "energy": 47.814833, "activity_lines": [ 1386.792904, 1392.554044, 1409.080421, 1399.942609 ] }, { "date": "2024-05-24", "close": 1422.499634, "volume": 76, "typical_volume": 2051.2, "trend": 1380.258927, "fair_value": 1801.806735, "relative_strength": -0.364803, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.243025, "energy": 22.616998, "activity_lines": [ 1399.305086, 1395.749195, 1410.0131, 1402.971357 ] }, { "date": "2024-05-31", "close": 1364.635986, "volume": 3879, "typical_volume": 2245.15, "trend": 1383.035026, "fair_value": 1793.847669, "relative_strength": -3.688475, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.196065, "energy": 17.406926, "activity_lines": [ 1389.894995, 1388.966748, 1405.296464, 1401.963425 ] }, { "date": "2024-06-07", "close": 1450.07605, "volume": 36, "typical_volume": 2246.95, "trend": 1389.920231, "fair_value": 1787.342759, "relative_strength": 6.689676, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.006037, "energy": 36.170526, "activity_lines": [ 1410.18811, 1399.326494, 1408.854027, 1406.288653 ] }, { "date": "2024-06-14", "close": 1450.07605, "volume": 0, "typical_volume": 2246.95, "trend": 1395.36877, "fair_value": 1780.868053, "relative_strength": 8.280691, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.055956, "energy": 45.57161, "activity_lines": [ 1426.008407, 1409.740419, 1412.141783, 1410.169673 ] }, { "date": "2024-06-21", "close": 1450.07605, "volume": 0, "typical_volume": 2246.95, "trend": 1400.81731, "fair_value": 1774.26213, "relative_strength": 7.1556, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.530584, "energy": 52.160613, "activity_lines": [ 1436.845614, 1418.934484, 1415.159731, 1413.699175 ] }, { "date": "2024-06-28", "close": 1450.773804, "volume": 0, "typical_volume": 494.35, "trend": 1406.289107, "fair_value": 1767.660679, "relative_strength": 7.953694, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.168349, "energy": 66.344984, "activity_lines": [ 1444.61263, 1427.035554, 1417.974325, 1416.922175 ] }, { "date": "2024-07-05", "close": 1450.773804, "volume": 0, "typical_volume": 394.35, "trend": 1411.760905, "fair_value": 1761.059228, "relative_strength": 8.135805, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.592568, "energy": 80.598519, "activity_lines": [ 1450.494702, 1433.904077, 1420.814585, 1419.792155 ] }, { "date": "2024-07-12", "close": 1450.773804, "volume": 0, "typical_volume": 235.6, "trend": 1417.232703, "fair_value": 1754.457778, "relative_strength": 3.051205, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.254795, "energy": 77.450999, "activity_lines": [ 1450.634253, 1439.540055, 1423.529808, 1422.309116 ] }, { "date": "2024-07-19", "close": 1435.817627, "volume": 7331, "typical_volume": 602.15, "trend": 1419.101648, "fair_value": 1747.50826, "relative_strength": 4.492706, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.179248, "energy": 43.07542, "activity_lines": [ 1445.741895, 1441.224181, 1424.828226, 1423.508144 ] }, { "date": "2024-07-26", "close": 1435.817627, "volume": 0, "typical_volume": 602.15, "trend": 1420.515019, "fair_value": 1740.558742, "relative_strength": 6.190631, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.16421, "energy": 30.730252, "activity_lines": [ 1441.800098, 1441.808527, 1426.205456, 1424.586594 ] }, { "date": "2024-08-02", "close": 1489.660767, "volume": 41, "typical_volume": 604.2, "trend": 1423.723161, "fair_value": 1733.954373, "relative_strength": 11.251279, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.725394, "energy": 47.716177, "activity_lines": [ 1456.756576, 1451.541022, 1432.789417, 1429.04761 ] }, { "date": "2024-08-09", "close": 1489.660767, "volume": 0, "typical_volume": 604.2, "trend": 1426.931303, "fair_value": 1727.271766, "relative_strength": 9.461062, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.049137, "energy": 56.591516, "activity_lines": [ 1469.120589, 1460.052406, 1439.195795, 1433.301649 ] }, { "date": "2024-08-16", "close": 1563.964111, "volume": 281, "typical_volume": 618.25, "trend": 1432.616223, "fair_value": 1720.67296, "relative_strength": 12.562926, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.671799, "energy": 93.931117, "activity_lines": [ 1503.65992, 1479.800311, 1452.504373, 1442.142475 ] }, { "date": "2024-08-23", "close": 1678.430786, "volume": 4828, "typical_volume": 839.8, "trend": 1442.116699, "fair_value": 1714.346713, "relative_strength": 21.738453, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.717967, "energy": 98.518612, "activity_lines": [ 1568.808789, 1518.289646, 1476.186405, 1458.001479 ] }, { "date": "2024-08-30", "close": 1725.364014, "volume": 1445, "typical_volume": 912.05, "trend": 1453.181616, "fair_value": 1708.233352, "relative_strength": 25.820193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.90158, "energy": 99.22887, "activity_lines": [ 1633.427857, 1561.160392, 1502.931377, 1476.2755 ] }, { "date": "2024-09-06", "close": 1725.364014, "volume": 0, "typical_volume": 912.05, "trend": 1462.15496, "fair_value": 1702.119991, "relative_strength": 29.540533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.350948, "energy": 98.721967, "activity_lines": [ 1678.743832, 1599.025901, 1528.045968, 1493.835654 ] }, { "date": "2024-09-13", "close": 1725.364014, "volume": 0, "typical_volume": 912.05, "trend": 1472.183228, "fair_value": 1696.710552, "relative_strength": 26.561827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.853747, "energy": 94.348329, "activity_lines": [ 1708.346257, 1631.898862, 1551.530176, 1510.816884 ] }, { "date": "2024-09-20", "close": 1725.364014, "volume": 0, "typical_volume": 912.05, "trend": 1481.283085, "fair_value": 1691.213956, "relative_strength": 25.62617, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.746975, "energy": 90.459498, "activity_lines": [ 1722.235132, 1659.779273, 1573.384002, 1527.151128 ] }, { "date": "2024-09-27", "close": 1726.062378, "volume": 0, "typical_volume": 903.35, "trend": 1490.406222, "fair_value": 1686.99997, "relative_strength": 23.843697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.40317, "energy": 89.619785, "activity_lines": [ 1725.596802, 1682.79411, 1593.673957, 1542.94334 ] }, { "date": "2024-10-04", "close": 1726.062378, "volume": 0, "typical_volume": 895.85, "trend": 1499.529358, "fair_value": 1681.52515, "relative_strength": 23.859261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.211291, "energy": 69.501951, "activity_lines": [ 1725.783032, 1700.53177, 1612.293756, 1558.146963 ] }, { "date": "2024-10-11", "close": 1725.673218, "volume": 1211, "typical_volume": 952.6, "trend": 1508.639522, "fair_value": 1676.047836, "relative_strength": 23.734439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.517882, "energy": 68.672517, "activity_lines": [ 1725.792985, 1712.921496, 1629.326359, 1572.73689 ] }, { "date": "2024-10-18", "close": 1785.523315, "volume": 20, "typical_volume": 759.65, "trend": 1519.721769, "fair_value": 1671.664689, "relative_strength": 25.877462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.473795, "energy": 77.468564, "activity_lines": [ 1745.732357, 1731.901922, 1650.615288, 1590.60036 ] }, { "date": "2024-10-25", "close": 1799.488281, "volume": 40, "typical_volume": 759.85, "trend": 1531.269515, "fair_value": 1667.485582, "relative_strength": 29.110408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.830871, "energy": 76.563009, "activity_lines": [ 1766.316097, 1748.042114, 1671.229988, 1608.649813 ] }, { "date": "2024-11-01", "close": 1799.488281, "volume": 0, "typical_volume": 759.85, "trend": 1545.152999, "fair_value": 1663.306476, "relative_strength": 31.085432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.522665, "energy": 88.534052, "activity_lines": [ 1781.958219, 1759.900049, 1690.18082, 1625.954249 ] }, { "date": "2024-11-08", "close": 1791.847534, "volume": 120, "typical_volume": 765.85, "trend": 1558.781791, "fair_value": 1659.078389, "relative_strength": 26.525945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.295527, "energy": 87.167232, "activity_lines": [ 1790.158366, 1768.167711, 1706.740095, 1641.870026 ] }, { "date": "2024-11-15", "close": 1791.508301, "volume": 294, "typical_volume": 780.55, "trend": 1572.399276, "fair_value": 1654.916836, "relative_strength": 28.944908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.316494, "energy": 88.443277, "activity_lines": [ 1793.859757, 1775.164904, 1721.639578, 1656.884639 ] }, { "date": "2024-11-22", "close": 1737.294312, "volume": 1824, "typical_volume": 871.75, "trend": 1584.209627, "fair_value": 1650.407756, "relative_strength": 24.25979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.24567, "energy": 87.925944, "activity_lines": [ 1775.100814, 1771.102384, 1729.753279, 1667.523029 ] }, { "date": "2024-11-29", "close": 1769.962402, "volume": 106, "typical_volume": 877.05, "trend": 1597.108915, "fair_value": 1647.203633, "relative_strength": 27.136902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.487359, "energy": 63.706104, "activity_lines": [ 1770.446501, 1772.762602, 1739.613843, 1679.507079 ] }, { "date": "2024-12-06", "close": 1769.962402, "volume": 0, "typical_volume": 510.5, "trend": 1610.263338, "fair_value": 1643.280601, "relative_strength": 22.422402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.117929, "energy": 60.733477, "activity_lines": [ 1767.760579, 1773.611941, 1747.954462, 1690.658916 ] }, { "date": "2024-12-13", "close": 1769.962402, "volume": 0, "typical_volume": 510.5, "trend": 1622.577604, "fair_value": 1639.35757, "relative_strength": 20.808834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.8674, "energy": 55.657824, "activity_lines": [ 1767.04305, 1773.663097, 1754.703915, 1700.962082 ] }, { "date": "2024-12-20", "close": 1637.893555, "volume": 234, "typical_volume": 520.15, "trend": 1629.757402, "fair_value": 1634.583934, "relative_strength": 15.677111, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 1.175163, "energy": 22.122651, "activity_lines": [ 1723.76158, 1748.903553, 1747.284217, 1701.950208 ] }, { "date": "2024-12-27", "close": 1643.988403, "volume": 482, "typical_volume": 544.25, "trend": 1639.069149, "fair_value": 1629.849367, "relative_strength": 16.094669, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -28.42296, "energy": 45.652749, "activity_lines": [ 1692.75271, 1726.848158, 1739.73911, 1702.868337 ] }, { "date": "2025-01-03", "close": 1663.138672, "volume": 138, "typical_volume": 537.1, "trend": 1646.171236, "fair_value": 1625.237558, "relative_strength": 17.524965, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": -17.235131, "energy": 46.405953, "activity_lines": [ 1674.347656, 1710.847991, 1733.282945, 1704.421209 ] }, { "date": "2025-01-10", "close": 1621.425537, "volume": 2281, "typical_volume": 409.75, "trend": 1651.882886, "fair_value": 1620.358358, "relative_strength": 12.52854, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.237945, "energy": 61.259281, "activity_lines": [ 1649.159806, 1689.742702, 1722.381841, 1702.824713 ] }, { "date": "2025-01-17", "close": 1796.261475, "volume": 2428, "typical_volume": 458.9, "trend": 1663.4224, "fair_value": 1616.5999, "relative_strength": 22.921197, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.899618, "energy": 30.598727, "activity_lines": [ 1692.15306, 1703.66327, 1728.403231, 1712.13946 ] }, { "date": "2025-01-24", "close": 1796.261475, "volume": 0, "typical_volume": 458.9, "trend": 1674.938656, "fair_value": 1614.639198, "relative_strength": 18.71435, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.85299, "energy": 30.176077, "activity_lines": [ 1733.393042, 1717.503585, 1734.087015, 1720.709723 ] }, { "date": "2025-01-31", "close": 1796.261475, "volume": 0, "typical_volume": 458.9, "trend": 1686.454911, "fair_value": 1612.673977, "relative_strength": 18.197021, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.567405, "energy": 48.47462, "activity_lines": [ 1764.075163, 1731.257478, 1739.433192, 1728.537002 ] }, { "date": "2025-02-07", "close": 1796.261475, "volume": 0, "typical_volume": 458.9, "trend": 1697.971167, "fair_value": 1610.742926, "relative_strength": 13.962418, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 57.508542, "energy": 55.040101, "activity_lines": [ 1784.605746, 1743.93924, 1744.441762, 1735.621296 ] }, { "date": "2025-02-14", "close": 1853.093262, "volume": 3285, "typical_volume": 623.15, "trend": 1711.880355, "fair_value": 1609.176182, "relative_strength": 14.141832, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.553322, "energy": 84.705737, "activity_lines": [ 1815.205404, 1766.47589, 1754.525276, 1745.629173 ] }, { "date": "2025-02-21", "close": 1853.093262, "volume": 0, "typical_volume": 623.15, "trend": 1725.789543, "fair_value": 1607.609438, "relative_strength": 14.214777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.039332, "energy": 90.10157, "activity_lines": [ 1830.360547, 1787.50107, 1764.003881, 1754.739683 ] }, { "date": "2025-02-28", "close": 1853.093262, "volume": 0, "typical_volume": 562.6, "trend": 1737.903959, "fair_value": 1605.080759, "relative_strength": 16.611056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.110966, "energy": 90.965083, "activity_lines": [ 1841.726905, 1807.01478, 1772.877578, 1762.952827 ] }, { "date": "2025-03-07", "close": 1853.093262, "volume": 0, "typical_volume": 561.6, "trend": 1750.018376, "fair_value": 1603.022991, "relative_strength": 14.849131, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.916149, "energy": 88.737679, "activity_lines": [ 1849.304476, 1822.615767, 1781.144512, 1770.384395 ] }, { "date": "2025-03-14", "close": 1853.64209, "volume": 5262, "typical_volume": 822.7, "trend": 1759.674308, "fair_value": 1600.650555, "relative_strength": 14.973944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.241295, "energy": 76.256199, "activity_lines": [ 1853.276205, 1834.514635, 1789.141953, 1777.069795 ] }, { "date": "2025-03-21", "close": 1853.64209, "volume": 0, "typical_volume": 822.7, "trend": 1765.514685, "fair_value": 1598.274107, "relative_strength": 13.884227, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.837968, "energy": 81.450798, "activity_lines": [ 1853.422559, 1842.949805, 1796.88152, 1783.132233 ] }, { "date": "2025-03-28", "close": 1815.352173, "volume": 523, "typical_volume": 842.85, "trend": 1768.51429, "fair_value": 1595.703137, "relative_strength": 9.879268, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.143294, "energy": 54.56658, "activity_lines": [ 1840.769019, 1840.201052, 1800.716552, 1786.347555 ] }, { "date": "2025-04-04", "close": 1799.828369, "volume": 5566, "typical_volume": 1106.45, "trend": 1770.996436, "fair_value": 1593.185427, "relative_strength": 11.80863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.36708, "energy": 37.697733, "activity_lines": [ 1825.45695, 1834.282686, 1802.9612, 1788.367818 ] }, { "date": "2025-04-11", "close": 1711.128784, "volume": 5599, "typical_volume": 1295.2, "trend": 1770.521928, "fair_value": 1590.099131, "relative_strength": 5.633229, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -2.005284, "energy": 23.484114, "activity_lines": [ 1784.129346, 1812.17227, 1796.71865, 1784.505389 ] }, { "date": "2025-04-18", "close": 1682.537231, "volume": 4011, "typical_volume": 1490.45, "trend": 1769.094369, "fair_value": 1586.829555, "relative_strength": 0.462409, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -52.419684, "energy": 61.241969, "activity_lines": [ 1742.735522, 1786.411257, 1787.877691, 1778.828957 ] }, { "date": "2025-04-25", "close": 1682.537231, "volume": 0, "typical_volume": 1490.45, "trend": 1767.64353, "fair_value": 1583.559979, "relative_strength": -6.421379, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.557339, "energy": 83.190995, "activity_lines": [ 1712.748689, 1762.717958, 1779.453044, 1773.244625 ] }, { "date": "2025-05-02", "close": 1682.537231, "volume": 0, "typical_volume": 1490.45, "trend": 1766.192692, "fair_value": 1580.290403, "relative_strength": -5.240269, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.430721, "energy": 80.1688, "activity_lines": [ 1694.168847, 1742.125677, 1771.444706, 1767.753896 ] }, { "date": "2025-05-09", "close": 1668.77063, "volume": 5, "typical_volume": 1479.0, "trend": 1764.295939, "fair_value": 1577.797975, "relative_strength": -7.561504, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.795088, "energy": 89.714558, "activity_lines": [ 1679.854468, 1722.131396, 1762.541574, 1761.468602 ] }, { "date": "2025-05-16", "close": 1668.77063, "volume": 0, "typical_volume": 1454.9, "trend": 1760.404183, "fair_value": 1575.305547, "relative_strength": -10.091961, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.003583, "energy": 91.890446, "activity_lines": [ 1674.27727, 1705.488436, 1753.491409, 1755.305679 ] }, { "date": "2025-05-23", "close": 1668.77063, "volume": 0, "typical_volume": 1448.0, "trend": 1756.046928, "fair_value": 1572.81312, "relative_strength": -10.898605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.471708, "energy": 90.213683, "activity_lines": [ 1671.52395, 1692.196797, 1744.323232, 1749.393837 ] }, { "date": "2025-05-30", "close": 1668.77063, "volume": 0, "typical_volume": 1333.95, "trend": 1751.689673, "fair_value": 1571.288566, "relative_strength": -10.244359, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.975316, "energy": 84.14611, "activity_lines": [ 1669.688403, 1682.266457, 1735.128237, 1743.763108 ] }, { "date": "2025-06-06", "close": 1668.77063, "volume": 0, "typical_volume": 1212.55, "trend": 1747.587109, "fair_value": 1569.764012, "relative_strength": -10.657237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.145348, "energy": 72.955851, "activity_lines": [ 1668.77063, 1675.697417, 1725.707789, 1738.413492 ] }, { "date": "2025-06-13", "close": 1668.77063, "volume": 0, "typical_volume": 1212.55, "trend": 1743.495854, "fair_value": 1568.987917, "relative_strength": -9.757821, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.004973, "energy": 79.516812, "activity_lines": [ 1668.77063, 1671.793495, 1716.894441, 1733.328558 ] }, { "date": "2025-06-20", "close": 1668.77063, "volume": 0, "typical_volume": 1212.55, "trend": 1741.211731, "fair_value": 1568.207493, "relative_strength": -7.995394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.330324, "energy": 72.093548, "activity_lines": [ 1668.77063, 1670.272441, 1708.688191, 1728.507576 ] }, { "date": "2025-06-27", "close": 1669.479614, "volume": 0, "typical_volume": 1212.55, "trend": 1737.862305, "fair_value": 1567.23981, "relative_strength": -9.840069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.088989, "energy": 85.735708, "activity_lines": [ 1669.006958, 1669.650442, 1701.156563, 1723.879697 ] }, { "date": "2025-07-04", "close": 1669.479614, "volume": 0, "typical_volume": 1048.3, "trend": 1734.512878, "fair_value": 1566.479339, "relative_strength": -10.808791, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.614394, "energy": 85.313649, "activity_lines": [ 1669.19602, 1669.265854, 1694.228659, 1719.467911 ] }, { "date": "2025-07-11", "close": 1669.479614, "volume": 0, "typical_volume": 1048.3, "trend": 1731.163452, "fair_value": 1565.718868, "relative_strength": -8.795808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.997629, "energy": 83.54423, "activity_lines": [ 1669.337817, 1669.118677, 1688.175105, 1715.272216 ] }, { "date": "2025-07-18", "close": 1686.5979, "volume": 60, "typical_volume": 1051.3, "trend": 1732.78693, "fair_value": 1564.495018, "relative_strength": -7.513582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.993187, "energy": 83.533421, "activity_lines": [ 1675.138444, 1672.321327, 1684.626214, 1712.397019 ] }, { "date": "2025-07-25", "close": 1666.992798, "volume": 60, "typical_volume": 1054.3, "trend": 1733.553744, "fair_value": 1563.126389, "relative_strength": -10.363475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.772554, "energy": 91.48963, "activity_lines": [ 1673.215552, 1671.63528, 1680.003006, 1708.152237 ] }, { "date": "2025-08-01", "close": 1666.992798, "volume": 0, "typical_volume": 791.2, "trend": 1733.682214, "fair_value": 1561.75776, "relative_strength": -9.738861, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.088666, "energy": 91.182132, "activity_lines": [ 1671.411182, 1670.981558, 1676.265991, 1703.857982 ] }, { "date": "2025-08-08", "close": 1666.992798, "volume": 0, "typical_volume": 791.2, "trend": 1735.201123, "fair_value": 1560.389131, "relative_strength": -11.590448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.950215, "energy": 74.986316, "activity_lines": [ 1669.772599, 1670.360161, 1673.417782, 1699.555439 ] }, { "date": "2025-08-15", "close": 1666.992798, "volume": 0, "typical_volume": 765.05, "trend": 1730.892167, "fair_value": 1559.020502, "relative_strength": -11.952474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.164945, "energy": 72.348876, "activity_lines": [ 1668.299805, 1669.771087, 1671.458379, 1695.154902 ] }, { "date": "2025-08-22", "close": 1697.843628, "volume": 5, "typical_volume": 487.0, "trend": 1727.611572, "fair_value": 1557.849635, "relative_strength": -11.551294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.374594, "energy": 46.153158, "activity_lines": [ 1677.276408, 1674.82358, 1673.143624, 1693.022738 ] }, { "date": "2025-08-29", "close": 1697.843628, "volume": 0, "typical_volume": 207.05, "trend": 1724.330977, "fair_value": 1556.678768, "relative_strength": -10.577319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 6.003698, "energy": 34.055891, "activity_lines": [ 1685.503296, 1679.347472, 1675.31451, 1691.102226 ] }, { "date": "2025-09-05", "close": 1697.843628, "volume": 0, "typical_volume": 6.5, "trend": 1721.050383, "fair_value": 1556.205189, "relative_strength": -12.90035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 26.632635, "energy": 52.757615, "activity_lines": [ 1691.673462, 1683.342765, 1677.548659, 1689.393364 ] }, { "date": "2025-09-12", "close": 1720.504883, "volume": 90, "typical_volume": 11.0, "trend": 1716.63077, "fair_value": 1555.876875, "relative_strength": -13.346375, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 39.232329, "energy": 58.514017, "activity_lines": [ 1703.340658, 1690.942576, 1681.868135, 1689.358171 ] }, { "date": "2025-09-19", "close": 1720.504883, "volume": 0, "typical_volume": 11.0, "trend": 1712.211157, "fair_value": 1555.544228, "relative_strength": -12.238884, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "down", "direction": 37.015538, "energy": 57.823199, "activity_lines": [ 1711.440381, 1697.614655, 1686.006813, 1689.608114 ] }, { "date": "2025-09-26", "close": 1721.214233, "volume": 0, "typical_volume": 10.75, "trend": 1707.81519, "fair_value": 1556.169388, "relative_strength": -13.498528, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.963406, "energy": 80.916518, "activity_lines": [ 1716.209082, 1703.487975, 1690.032249, 1690.188957 ] }, { "date": "2025-10-03", "close": 1721.214233, "volume": 0, "typical_volume": 10.75, "trend": 1703.419222, "fair_value": 1556.69173, "relative_strength": -12.783561, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.267623, "energy": 82.064041, "activity_lines": [ 1719.419743, 1708.731907, 1693.807954, 1691.053412 ] }, { "date": "2025-10-10", "close": 1794.461426, "volume": 56, "typical_volume": 13.55, "trend": 1701.446533, "fair_value": 1557.683606, "relative_strength": -6.760691, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 72.773433, "energy": 88.992534, "activity_lines": [ 1745.488094, 1726.307666, 1704.309851, 1696.927102 ] }, { "date": "2025-10-17", "close": 1782.471802, "volume": 708, "typical_volume": 48.95, "trend": 1699.07419, "fair_value": 1558.598624, "relative_strength": -8.881298, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 96.863925, "energy": 98.633801, "activity_lines": [ 1761.118717, 1739.385882, 1713.071351, 1702.154539 ] }, { "date": "2025-10-24", "close": 1727.528809, "volume": 1909, "typical_volume": 144.4, "trend": 1696.146745, "fair_value": 1559.161444, "relative_strength": -10.472599, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.434431, "energy": 68.5433, "activity_lines": [ 1754.303882, 1740.374845, 1716.058751, 1703.990321 ] }, { "date": "2025-10-31", "close": 1727.528809, "volume": 0, "typical_volume": 144.4, "trend": 1693.736759, "fair_value": 1559.724264, "relative_strength": -12.359856, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.851151, "energy": 67.614153, "activity_lines": [ 1747.020785, 1740.263153, 1718.766351, 1706.01497 ] }, { "date": "2025-11-07", "close": 1727.528809, "volume": 0, "typical_volume": 144.4, "trend": 1694.283427, "fair_value": 1560.450612, "relative_strength": -12.809236, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.196703, "energy": 53.056678, "activity_lines": [ 1739.316716, 1739.61173, 1721.194149, 1708.195102 ] }, { "date": "2025-11-14", "close": 1727.528809, "volume": 0, "typical_volume": 144.4, "trend": 1695.783146, "fair_value": 1561.176961, "relative_strength": -10.917552, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.523598, "energy": 37.258903, "activity_lines": [ 1731.191675, 1738.420577, 1723.342146, 1710.339966 ] }, { "date": "2025-11-21", "close": 1727.528809, "volume": 0, "typical_volume": 144.4, "trend": 1697.282865, "fair_value": 1561.903309, "relative_strength": -9.904054, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.038804, "energy": 38.275551, "activity_lines": [ 1727.528809, 1736.689693, 1725.213719, 1712.388073 ] }, { "date": "2025-11-28", "close": 1727.528809, "volume": 0, "typical_volume": 144.4, "trend": 1698.782585, "fair_value": 1563.544757, "relative_strength": -11.882403, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.81258, "energy": 32.576933, "activity_lines": [ 1727.528809, 1734.831102, 1726.808867, 1714.339424 ] }, { "date": "2025-12-05", "close": 1853.111206, "volume": 125744, "typical_volume": 6428.6, "trend": 1704.927271, "fair_value": 1565.99122, "relative_strength": -4.840362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 90.275644, "energy": 70.38845, "activity_lines": [ 1769.389608, 1755.677965, 1740.087819, 1724.296109 ] }, { "date": "2025-12-12", "close": 1853.111206, "volume": 0, "typical_volume": 6425.6, "trend": 1711.071956, "fair_value": 1568.437684, "relative_strength": -6.470813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.415835, "energy": 97.266353, "activity_lines": [ 1802.878247, 1774.126703, 1752.57385, 1733.856363 ] }, { "date": "2025-12-19", "close": 1778.575073, "volume": 4747, "typical_volume": 6662.95, "trend": 1714.732105, "fair_value": 1570.402019, "relative_strength": -8.888039, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.676443, "energy": 80.108092, "activity_lines": [ 1803.149349, 1776.625289, 1757.074923, 1738.211403 ] }, { "date": "2025-12-26", "close": 1779.28479, "volume": 0, "typical_volume": 6662.95, "trend": 1718.41591, "fair_value": 1572.209723, "relative_strength": -10.818976, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.512886, "energy": 80.040318, "activity_lines": [ 1800.253939, 1779.541757, 1761.112245, 1742.376092 ] }, { "date": "2026-01-02", "close": 1779.28479, "volume": 0, "typical_volume": 6662.95, "trend": 1722.099715, "fair_value": 1573.638853, "relative_strength": -8.379166, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.041999, "energy": 56.724917, "activity_lines": [ 1793.90813, 1782.516171, 1764.614843, 1746.303117 ] }, { "date": "2026-01-09", "close": 1779.28479, "volume": 0, "typical_volume": 6662.7, "trend": 1725.783521, "fair_value": 1575.06397, "relative_strength": -10.717136, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.079483, "energy": 37.837096, "activity_lines": [ 1784.111922, 1784.549567, 1767.582717, 1749.992477 ] }, { "date": "2026-01-16", "close": 1751.207642, "volume": 40971, "typical_volume": 8711.25, "trend": 1728.531421, "fair_value": 1576.309104, "relative_strength": -12.989225, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.421934, "energy": 24.915837, "activity_lines": [ 1769.878426, 1780.53701, 1767.488762, 1751.632743 ] }, { "date": "2026-01-23", "close": 1751.207642, "volume": 0, "typical_volume": 8711.25, "trend": 1731.255689, "fair_value": 1577.709427, "relative_strength": -13.820107, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.213411, "energy": 28.220785, "activity_lines": [ 1762.438501, 1776.093928, 1767.140692, 1753.095725 ] }, { "date": "2026-01-30", "close": 1751.207642, "volume": 0, "typical_volume": 8706.75, "trend": 1733.979956, "fair_value": 1579.030977, "relative_strength": -12.542398, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.934954, "energy": 26.4632, "activity_lines": [ 1756.823072, 1771.220322, 1766.538508, 1754.382947 ] }, { "date": "2026-02-06", "close": 1782.163452, "volume": 17967, "typical_volume": 9605.1, "trend": 1737.736084, "fair_value": 1580.100306, "relative_strength": -14.54151, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.040734, "energy": 26.257894, "activity_lines": [ 1763.398055, 1771.54452, 1768.738293, 1757.49156 ] }, { "date": "2026-02-13", "close": 1782.163452, "volume": 0, "typical_volume": 9605.1, "trend": 1740.921602, "fair_value": 1581.581541, "relative_strength": -14.822478, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.721783, "energy": 19.569378, "activity_lines": [ 1769.781128, 1770.875362, 1770.644466, 1760.357842 ] }, { "date": "2026-02-20", "close": 1655.461548, "volume": 150, "typical_volume": 9612.6, "trend": 1740.537227, "fair_value": 1582.123692, "relative_strength": -20.238678, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -46.277983, "energy": 36.967261, "activity_lines": [ 1733.738322, 1748.459453, 1760.193556, 1754.84429 ] }, { "date": "2026-02-27", "close": 1655.461548, "volume": 0, "typical_volume": 9609.8, "trend": 1740.152852, "fair_value": 1583.180868, "relative_strength": -19.553048, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -50.080991, "energy": 67.916846, "activity_lines": [ 1704.078589, 1729.637174, 1750.055754, 1749.355536 ] }, { "date": "2026-03-06", "close": 1617.029175, "volume": 1078, "typical_volume": 9628.3, "trend": 1738.487398, "fair_value": 1584.340237, "relative_strength": -16.02441, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -65.291431, "energy": 87.54451, "activity_lines": [ 1667.991138, 1706.065618, 1736.919631, 1741.412073 ] }, { "date": "2026-03-13", "close": 1617.029175, "volume": 0, "typical_volume": 9532.85, "trend": 1736.821944, "fair_value": 1585.337089, "relative_strength": -13.272063, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.101325, "energy": 94.39006, "activity_lines": [ 1640.848918, 1685.444165, 1724.571329, 1733.576059 ] }, { "date": "2026-03-20", "close": 1550.289673, "volume": 107, "typical_volume": 9538.2, "trend": 1731.903479, "fair_value": 1585.901787, "relative_strength": -14.248888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.942009, "energy": 98.568207, "activity_lines": [ 1602.469149, 1655.638359, 1706.393074, 1721.541719 ] }, { "date": "2026-03-27", "close": 1550.400024, "volume": 2724, "typical_volume": 9674.4, "trend": 1726.988692, "fair_value": 1586.849766, "relative_strength": -16.905768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.421232, "energy": 97.689423, "activity_lines": [ 1579.584416, 1630.016164, 1689.069323, 1709.831818 ] }, { "date": "2026-04-03", "close": 1550.400024, "volume": 0, "typical_volume": 9674.4, "trend": 1722.073906, "fair_value": 1587.797744, "relative_strength": -19.799462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.321828, "energy": 94.150559, "activity_lines": [ 1563.703784, 1608.045017, 1672.589043, 1698.439001 ] }, { "date": "2026-04-10", "close": 1536.699951, "volume": 1424, "typical_volume": 9745.6, "trend": 1715.947074, "fair_value": 1588.657902, "relative_strength": -20.249156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.029728, "energy": 94.03527, "activity_lines": [ 1550.260563, 1587.233995, 1655.647465, 1686.479391 ] }, { "date": "2026-04-17", "close": 1463.160034, "volume": 119, "typical_volume": 9751.55, "trend": 1707.368913, "fair_value": 1589.04665, "relative_strength": -23.272906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -97.978818, "energy": 95.692562, "activity_lines": [ 1517.659318, 1556.952219, 1632.610794, 1670.17055 ] }, { "date": "2026-04-24", "close": 1464.451782, "volume": 449, "typical_volume": 3486.8, "trend": 1698.810164, "fair_value": 1589.443678, "relative_strength": -22.077768, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.323122, "energy": 87.009608, "activity_lines": [ 1495.746598, 1532.705369, 1610.956045, 1654.498477 ] }, { "date": "2026-05-01", "close": 1384.292725, "volume": 3164, "typical_volume": 3645.0, "trend": 1687.579448, "fair_value": 1587.978677, "relative_strength": -24.330741, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -98.083167, "energy": 79.282555, "activity_lines": [ 1452.836719, 1499.66072, 1583.51786, 1634.207029 ] }, { "date": "2026-05-08", "close": 1384.292725, "volume": 0, "typical_volume": 3407.65, "trend": 1673.907158, "fair_value": 1586.874824, "relative_strength": -25.982712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.679288, "energy": 95.195568, "activity_lines": [ 1421.000659, 1471.546413, 1558.312144, 1614.640144 ] }, { "date": "2026-05-15", "close": 1322.314453, "volume": 12600, "typical_volume": 4037.65, "trend": 1658.568579, "fair_value": 1585.373674, "relative_strength": -26.852204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.10042, "energy": 89.90679, "activity_lines": [ 1379.578996, 1437.093672, 1529.08127, 1591.956744 ] }, { "date": "2026-05-22", "close": 1322.314453, "volume": 0, "typical_volume": 4037.65, "trend": 1645.061434, "fair_value": 1583.872525, "relative_strength": -26.745973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.40248, "energy": 97.339566, "activity_lines": [ 1352.449699, 1407.999381, 1502.026445, 1570.262929 ] }, { "date": "2026-05-29", "close": 1324.323364, "volume": 54, "typical_volume": 4040.35, "trend": 1631.621253, "fair_value": 1582.384253, "relative_strength": -26.395362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.545395, "energy": 88.942744, "activity_lines": [ 1335.379744, 1384.628795, 1477.338994, 1549.57015 ] }, { "date": "2026-06-05", "close": 1399.40945, "volume": 0, "typical_volume": 1991.8, "trend": 1620.683941, "fair_value": 1581.377302, "relative_strength": -18.894492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.56221, "energy": 68.785346, "activity_lines": [ 1352.68038, 1379.018704, 1461.969083, 1534.588744 ] }, { "date": "2026-06-12", "close": 1377.560189, "volume": 0, "typical_volume": 1991.8, "trend": 1609.01832, "fair_value": 1580.230292, "relative_strength": -21.784755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.743899, "energy": 67.159986, "activity_lines": [ 1361.690146, 1372.181302, 1446.193518, 1518.90334 ] }, { "date": "2026-06-19", "close": 1337.953406, "volume": 0, "typical_volume": 1991.8, "trend": 1596.032473, "fair_value": 1579.26521, "relative_strength": -23.189869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.501365, "energy": 70.118023, "activity_lines": [ 1357.946488, 1361.28521, 1428.425153, 1501.415281 ] }, { "date": "2026-06-26", "close": 1410.0, "volume": 0, "typical_volume": 1093.45, "trend": 1585.448179, "fair_value": 1578.666726, "relative_strength": -17.97904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.843065, "energy": 52.781966, "activity_lines": [ 1377.175764, 1367.102072, 1419.486245, 1489.413186 ] }, { "date": "2026-07-03", "close": 1440.0, "volume": 0, "typical_volume": 1093.45, "trend": 1571.677806, "fair_value": 1578.481647, "relative_strength": -15.562214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.867348, "energy": 44.968516, "activity_lines": [ 1400.559336, 1379.340026, 1415.176687, 1480.029433 ] }, { "date": "2026-07-10", "close": 1453.0, "volume": 1630, "typical_volume": 1167.45, "trend": 1558.340766, "fair_value": 1578.379901, "relative_strength": -13.576931, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.771777, "energy": 28.703709, "activity_lines": [ 1420.564467, 1394.386194, 1413.734575, 1472.3728 ] }, { "date": "2026-07-17", "close": 1470.0, "volume": 314, "typical_volume": 1183.15, "trend": 1548.05493, "fair_value": 1578.234415, "relative_strength": -12.218856, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.068587, "energy": 33.754233, "activity_lines": [ 1442.66356, 1411.274048, 1414.875612, 1466.673396 ] }, { "date": "2026-07-24", "close": 1430.0, "volume": 5, "typical_volume": 1129.5, "trend": 1536.412104, "fair_value": 1577.832518, "relative_strength": -13.787269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.399187, "energy": 26.406881, "activity_lines": [ 1445.266667, 1419.33086, 1413.090276, 1459.056949 ] }, { "date": "2026-07-31", "close": 1496.25, "volume": 454, "typical_volume": 1152.2, "trend": 1526.977611, "fair_value": 1578.1296, "relative_strength": -10.058716, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.721279, "energy": 27.04607, "activity_lines": [ 1463.816667, 1437.475208, 1418.505079, 1456.465845 ] }, { "date": "2026-08-07", "close": 1498.0, "volume": 71, "typical_volume": 1150.4, "trend": 1517.601451, "fair_value": 1578.536776, "relative_strength": -9.512682, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.032747, "energy": 29.200816, "activity_lines": [ 1477.2, 1452.775274, 1424.661687, 1454.596322 ] } ], "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." } } }