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"regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.449296, "energy": 47.518725, "activity_lines": [ 262.50667, 262.327275, 258.900955, 252.99304 ] }, { "date": "2026-07-31", "close": 258.100006, "volume": 867160, "typical_volume": 699943.0, "trend": 247.089627, "fair_value": 220.246847, "relative_strength": -9.168104, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.368432, "energy": 39.980664, "activity_lines": [ 261.573338, 261.410913, 259.451908, 253.73716 ] }, { "date": "2026-08-07", "close": 264.600006, "volume": 386930, "typical_volume": 706369.0, "trend": 247.856431, "fair_value": 220.787739, "relative_strength": -8.278074, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.87409, "energy": 39.723141, "activity_lines": [ 262.380005, 261.820004, 260.504765, 254.866862 ] } ], "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." } } }