{ "ticker": { "uuid": "2f124791-955a-4e5d-bf16-a101a7e46ecc", "symbol": "IAK", "name": "ISHARES TRUST U.S. INSURANCE ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 70.009, "architecture_energy": 61.437, "architecture_maturity": 25.503, "architecture_confidence": 71.009, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 2.08, "rotation_up": 74.56, "upward_expansion": 88.01, "deceleration": 54.28, "rotation_down": 14.43, "downward_expansion": 10.01 }, "activity_lines": [ 147.436667, 145.402231, 140.287303, 137.50198 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 148.08, "trend_reference": 134.520539, "distance_from_trend": 0.100798, "trend_direction": "Improving", "fair_value": 119.693478, "distance_from_fair_value": 0.23716, "fair_value_direction": "Improving", "relative_strength": -0.401107, "relative_strength_direction": "Improving", "price_momentum": 0.104127, "excess_performance": -0.021498, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.100798, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.027926, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.23716, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.107422, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.004011, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.107294, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.104127, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.412308, "read": "Demand-led" } ], "volume": { "latest": 800601, "relative_activity": 2.136837, "balance": 2.412308, "dry_up": 1.924601, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.036544, "annualized_volatility": 0.154909, "from_high_reference": -0.028219, "from_low_reference": 0.215901 }, "levels": { "trend_reference": 134.520539, "fair_value_reference": 119.693478, "structural_low": 125.015295, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 37, "median_return": 0.005074, "positive_rate": 0.540541, "directional_follow_through": 0.540541, "median_excess_return": 0.005708, "regime_survival": 0.72973, "best_return": 0.098856, "worst_return": -0.075292, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.024791, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.003315, "regime_survival": 0.642857, "best_return": 0.139741, "worst_return": -0.075004, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.03652, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.027723, "regime_survival": 0.375, "best_return": 0.245078, "worst_return": -0.040805, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.06536, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.003294, "regime_survival": 0.5, "best_return": 0.391146, "worst_return": 0.023842, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": 0.049457, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-14", "end": "2025-04-18", "tenure": "Developing", "return": -0.040381, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.059459, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": 0.000912, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-01", "tenure": "New", "return": -0.01512, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-08", "end": "2025-08-15", "tenure": "New", "return": 0.011593, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-12-12", "tenure": "Established", "return": 0.027269, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-01-23", "tenure": "Developing", "return": -0.048132, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-02-20", "tenure": "New", "return": 0.019962, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.041151, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.012045, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.040947, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-06-19", "tenure": "Developing", "return": 0.022315, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.046798, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 84.778037, "volume": 100432, "typical_volume": 148133.65, "trend": 82.954585, "fair_value": 74.593753, "relative_strength": -5.438894, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.540527, "energy": 56.422661, "activity_lines": [ 85.482842, 84.533745, 83.191812, 82.728714 ] }, { "date": "2023-08-25", "close": 84.932822, "volume": 128497, "typical_volume": 149136.4, "trend": 82.857413, "fair_value": 74.801787, "relative_strength": -5.969275, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.192466, "energy": 47.302375, "activity_lines": [ 85.288934, 84.753798, 83.432095, 82.856343 ] }, { "date": "2023-09-01", "close": 86.656639, "volume": 109616, "typical_volume": 145534.25, "trend": 82.869479, "fair_value": 75.021566, "relative_strength": -6.376733, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.376517, "energy": 55.215438, "activity_lines": [ 85.688537, 85.235765, 83.819122, 83.101454 ] }, { "date": "2023-09-08", "close": 85.814267, "volume": 87217, "typical_volume": 143954.75, "trend": 82.796074, "fair_value": 75.244689, "relative_strength": -6.044155, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.61895, "energy": 41.065544, "activity_lines": [ 85.740433, 85.457589, 84.097604, 83.29144 ] }, { "date": "2023-09-15", "close": 87.929283, "volume": 91671, "typical_volume": 142058.45, "trend": 82.780692, "fair_value": 75.483538, "relative_strength": -3.544423, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.535668, "energy": 58.742455, "activity_lines": [ 86.501139, 86.008241, 84.559067, 83.622615 ] }, { "date": "2023-09-22", "close": 88.636266, "volume": 145169, "typical_volume": 141636.35, "trend": 82.822876, "fair_value": 75.740442, "relative_strength": 0.152457, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.180407, "energy": 72.356397, "activity_lines": [ 87.372491, 86.594116, 85.063496, 84.000394 ] }, { "date": "2023-09-29", "close": 86.746081, "volume": 325840, "typical_volume": 151078.3, "trend": 82.79831, "fair_value": 75.973615, "relative_strength": -1.249831, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.352929, "energy": 59.882915, "activity_lines": [ 87.356566, 86.701731, 85.353067, 84.253504 ] }, { "date": "2023-10-06", "close": 87.096283, "volume": 297653, "typical_volume": 156076.15, "trend": 82.988538, "fair_value": 76.196598, "relative_strength": -1.230521, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.307753, "energy": 51.550915, "activity_lines": [ 87.336491, 86.845206, 85.648586, 84.530793 ] }, { "date": "2023-10-13", "close": 89.036594, "volume": 162730, "typical_volume": 160472.9, "trend": 83.418299, "fair_value": 76.435948, "relative_strength": 0.628811, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.911955, "energy": 54.111655, "activity_lines": [ 87.933877, 87.315222, 86.103492, 84.92099 ] }, { "date": "2023-10-20", "close": 87.536402, "volume": 400389, "typical_volume": 173324.2, "trend": 83.765731, "fair_value": 76.655326, "relative_strength": 1.42334, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.567544, "energy": 41.628678, "activity_lines": [ 87.816378, 87.454925, 86.366346, 85.186674 ] }, { "date": "2023-10-27", "close": 86.471598, "volume": 236286, "typical_volume": 149894.35, "trend": 83.968442, "fair_value": 76.885725, "relative_strength": 2.847799, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.183295, "energy": 31.57846, "activity_lines": [ 87.370135, 87.374076, 86.492822, 85.361246 ] }, { "date": "2023-11-03", "close": 90.569912, "volume": 271834, "typical_volume": 157326.7, "trend": 84.278343, "fair_value": 77.12485, "relative_strength": 1.943584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.335444, "energy": 47.083842, "activity_lines": [ 88.434309, 88.007583, 86.984806, 85.787147 ] }, { "date": "2023-11-10", "close": 90.664467, "volume": 243708, "typical_volume": 166943.25, "trend": 84.610175, "fair_value": 77.338249, "relative_strength": 0.771069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.891239, "energy": 48.714576, "activity_lines": [ 89.275078, 88.555789, 87.445462, 86.199155 ] }, { "date": "2023-11-17", "close": 91.687247, "volume": 141998, "typical_volume": 170975.35, "trend": 84.935091, "fair_value": 77.554436, "relative_strength": -0.250079, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.450684, "energy": 65.264155, "activity_lines": [ 90.218896, 89.217086, 87.956421, 86.65574 ] }, { "date": "2023-11-24", "close": 93.78619, "volume": 101538, "typical_volume": 173147.25, "trend": 85.300875, "fair_value": 77.778835, "relative_strength": 1.159153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.160108, "energy": 83.583367, "activity_lines": [ 91.685651, 90.153227, 88.62472, 87.226779 ] }, { "date": "2023-12-01", "close": 94.16261, "volume": 171132, "typical_volume": 173153.2, "trend": 85.728968, "fair_value": 77.998678, "relative_strength": 0.857681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.722316, "energy": 85.445591, "activity_lines": [ 92.861226, 91.051319, 89.276537, 87.798504 ] }, { "date": "2023-12-08", "close": 93.745396, "volume": 212339, "typical_volume": 177402.95, "trend": 86.154109, "fair_value": 78.218966, "relative_strength": 0.323892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.938682, "energy": 81.964878, "activity_lines": [ 93.384997, 91.773075, 89.827054, 88.315693 ] }, { "date": "2023-12-15", "close": 93.305277, "volume": 311197, "typical_volume": 188273.0, "trend": 86.538915, "fair_value": 78.434175, "relative_strength": -2.274333, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.711541, "energy": 73.118729, "activity_lines": [ 93.550362, 92.287549, 90.29504, 88.777059 ] }, { "date": "2023-12-22", "close": 94.182571, "volume": 185309, "typical_volume": 192809.1, "trend": 87.05468, "fair_value": 78.654664, "relative_strength": -1.989447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.016121, "energy": 59.085546, "activity_lines": [ 93.832104, 92.84864, 90.810139, 89.270198 ] }, { "date": "2023-12-29", "close": 95.185335, "volume": 87197, "typical_volume": 190587.6, "trend": 87.554421, "fair_value": 78.87662, "relative_strength": -1.04042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.556856, "energy": 58.747627, "activity_lines": [ 94.281746, 93.498489, 91.381161, 89.794756 ] }, { "date": "2024-01-05", "close": 96.949012, "volume": 519909, "typical_volume": 211561.45, "trend": 88.07732, "fair_value": 79.101605, "relative_strength": 2.618958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.018648, "energy": 63.916001, "activity_lines": [ 95.226004, 94.329935, 92.07667, 90.400859 ] }, { "date": "2024-01-12", "close": 97.462372, "volume": 182284, "typical_volume": 214250.8, "trend": 88.589399, "fair_value": 79.328256, "relative_strength": 1.46676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.878197, "energy": 76.010237, "activity_lines": [ 96.155622, 95.06422, 92.763114, 91.006346 ] }, { "date": "2024-01-19", "close": 99.781999, "volume": 167359, "typical_volume": 217137.95, "trend": 89.22305, "fair_value": 79.573697, "relative_strength": 2.767503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.814587, "energy": 91.026892, "activity_lines": [ 97.610651, 96.094939, 93.61081, 91.728449 ] }, { "date": "2024-01-26", "close": 101.740373, "volume": 183609, "typical_volume": 221957.55, "trend": 89.856075, "fair_value": 79.850383, "relative_strength": 3.824211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.990056, "energy": 95.149357, "activity_lines": [ 99.286689, 97.315952, 94.582516, 92.536018 ] }, { "date": "2024-02-02", "close": 101.055893, "volume": 440557, "typical_volume": 239401.85, "trend": 90.464714, "fair_value": 80.102091, "relative_strength": 1.756392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.893504, "energy": 91.058544, "activity_lines": [ 100.230714, 98.22973, 95.413195, 93.258587 ] }, { "date": "2024-02-09", "close": 102.215707, "volume": 218140, "typical_volume": 243050.4, "trend": 91.164111, "fair_value": 80.355808, "relative_strength": 1.664178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.989036, "energy": 91.771986, "activity_lines": [ 101.169973, 99.222207, 96.291825, 94.016716 ] }, { "date": "2024-02-16", "close": 104.592374, "volume": 237314, "typical_volume": 238624.1, "trend": 91.809976, "fair_value": 80.621829, "relative_strength": 4.48987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.740718, "energy": 91.977565, "activity_lines": [ 102.550341, 100.500385, 97.33214, 94.883055 ] }, { "date": "2024-02-23", "close": 105.733174, "volume": 487780, "typical_volume": 248130.45, "trend": 92.479319, "fair_value": 80.891586, "relative_strength": 4.050641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.127983, "energy": 88.283023, "activity_lines": [ 103.835643, 101.788764, 98.396121, 95.781326 ] }, { "date": "2024-03-01", "close": 105.238827, "volume": 265323, "typical_volume": 253260.1, "trend": 93.124903, "fair_value": 81.142604, "relative_strength": 2.698081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.144239, "energy": 80.061177, "activity_lines": [ 104.559417, 102.761299, 99.324273, 96.60452 ] }, { "date": "2024-03-08", "close": 106.845454, "volume": 321523, "typical_volume": 249316.8, "trend": 93.817949, "fair_value": 81.389031, "relative_strength": 4.549844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.954736, "energy": 77.390288, "activity_lines": [ 105.585504, 103.824926, 100.328284, 97.489717 ] }, { "date": "2024-03-15", "close": 109.070015, "volume": 131490, "typical_volume": 244077.0, "trend": 94.627681, "fair_value": 81.65772, "relative_strength": 6.62601, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.388706, "energy": 87.88216, "activity_lines": [ 106.96714, 105.081017, 101.452211, 98.473721 ] }, { "date": "2024-03-22", "close": 109.515987, "volume": 163530, "typical_volume": 238661.8, "trend": 95.44712, "fair_value": 81.926437, "relative_strength": 4.599836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.08256, "energy": 82.279204, "activity_lines": [ 108.040479, 106.197811, 102.510999, 99.434257 ] }, { "date": "2024-03-29", "close": 111.996531, "volume": 125605, "typical_volume": 232756.65, "trend": 96.291783, "fair_value": 82.209969, "relative_strength": 6.43696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.829192, "energy": 87.379445, "activity_lines": [ 109.612426, 107.546456, 103.71581, 100.501961 ] }, { "date": "2024-04-05", "close": 110.968918, "volume": 236798, "typical_volume": 237496.65, "trend": 97.130272, "fair_value": 82.481378, "relative_strength": 6.276878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.806163, "energy": 83.210013, "activity_lines": [ 110.424277, 108.486181, 104.721172, 101.448873 ] }, { "date": "2024-04-12", "close": 105.699767, "volume": 1528342, "typical_volume": 308836.85, "trend": 97.722621, "fair_value": 82.708029, "relative_strength": 2.650437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.936589, "energy": 65.330024, "activity_lines": [ 109.097739, 108.300086, 105.132892, 102.001744 ] }, { "date": "2024-04-19", "close": 107.703283, "volume": 674768, "typical_volume": 334018.65, "trend": 98.358188, "fair_value": 82.9432, "relative_strength": 7.747735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.751947, "energy": 59.235448, "activity_lines": [ 108.515419, 108.393833, 105.678693, 102.645657 ] }, { "date": "2024-04-26", "close": 105.995524, "volume": 343212, "typical_volume": 340562.3, "trend": 98.999836, "fair_value": 83.1641, "relative_strength": 3.241842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.38415, "energy": 39.701217, "activity_lines": [ 107.454961, 108.077304, 105.99737, 103.138389 ] }, { "date": "2024-05-03", "close": 107.693742, "volume": 274144, "typical_volume": 338709.65, "trend": 99.686418, "fair_value": 83.378007, "relative_strength": 4.168356, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.613988, "energy": 28.975786, "activity_lines": [ 107.195274, 108.04403, 106.419448, 103.699286 ] }, { "date": "2024-05-10", "close": 111.1188, "volume": 257659, "typical_volume": 342327.15, "trend": 100.422492, "fair_value": 83.614797, "relative_strength": 5.37322, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.86481, "energy": 44.432591, "activity_lines": [ 108.364125, 108.597847, 107.099206, 104.436859 ] }, { "date": "2024-05-17", "close": 112.444937, "volume": 513213, "typical_volume": 363627.95, "trend": 101.252776, "fair_value": 83.868264, "relative_strength": 4.755208, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.840233, "energy": 57.403043, "activity_lines": [ 109.965029, 109.285872, 107.824614, 105.212501 ] }, { "date": "2024-05-24", "close": 109.90715, "volume": 212540, "typical_volume": 348259.5, "trend": 102.033961, "fair_value": 84.101643, "relative_strength": 2.223543, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.274697, "energy": 52.422115, "activity_lines": [ 110.270327, 109.410672, 108.226139, 105.770847 ] }, { "date": "2024-05-31", "close": 111.500422, "volume": 156348, "typical_volume": 346962.7, "trend": 102.731645, "fair_value": 84.342137, "relative_strength": 3.902956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.200078, "energy": 55.374122, "activity_lines": [ 110.959791, 109.809937, 108.717699, 106.381587 ] }, { "date": "2024-06-07", "close": 109.830825, "volume": 337820, "typical_volume": 355485.75, "trend": 103.370524, "fair_value": 84.583762, "relative_strength": 0.941982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.455672, "energy": 47.802483, "activity_lines": [ 110.725729, 109.869558, 108.983402, 106.839598 ] }, { "date": "2024-06-14", "close": 106.262869, "volume": 695129, "typical_volume": 381061.75, "trend": 103.856378, "fair_value": 84.829673, "relative_strength": -3.978078, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.038326, "energy": 22.855709, "activity_lines": [ 109.159877, 109.319837, 108.861448, 107.026201 ] }, { "date": "2024-06-21", "close": 109.254977, "volume": 440357, "typical_volume": 381051.75, "trend": 104.372004, "fair_value": 85.073942, "relative_strength": -2.011527, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.426518, "energy": 19.655177, "activity_lines": [ 108.915122, 109.3997, 109.002921, 107.374498 ] }, { "date": "2024-06-28", "close": 107.945332, "volume": 197289, "typical_volume": 380009.2, "trend": 104.831428, "fair_value": 85.31151, "relative_strength": -3.216767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.955269, "energy": 17.4574, "activity_lines": [ 108.446483, 109.176805, 108.980623, 107.605035 ] }, { "date": "2024-07-05", "close": 107.065863, "volume": 163314, "typical_volume": 376309.2, "trend": 105.275444, "fair_value": 85.54745, "relative_strength": -5.822749, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.61365, "energy": 12.715783, "activity_lines": [ 107.815476, 108.789606, 108.847282, 107.749192 ] }, { "date": "2024-07-12", "close": 110.870524, "volume": 505696, "typical_volume": 377205.0, "trend": 105.860952, "fair_value": 85.810147, "relative_strength": -3.540258, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.519264, "energy": 18.199916, "activity_lines": [ 108.748326, 109.074703, 109.064511, 108.110165 ] }, { "date": "2024-07-19", "close": 111.310259, "volume": 283824, "typical_volume": 378130.05, "trend": 106.431875, "fair_value": 86.076871, "relative_strength": -1.32495, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.342296, "energy": 26.452389, "activity_lines": [ 109.758441, 109.381992, 109.299156, 108.461733 ] }, { "date": "2024-07-26", "close": 114.034703, "volume": 278010, "typical_volume": 375954.4, "trend": 107.060187, "fair_value": 86.357951, "relative_strength": 1.750704, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 68.182494, "energy": 51.719558, "activity_lines": [ 111.340212, 110.181153, 109.76436, 108.952238 ] }, { "date": "2024-08-02", "close": 112.969971, "volume": 265028, "typical_volume": 382631.3, "trend": 107.594219, "fair_value": 86.619085, "relative_strength": 2.819256, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.686874, "energy": 60.592693, "activity_lines": [ 112.248424, 110.757822, 110.093927, 109.333515 ] }, { "date": "2024-08-09", "close": 113.002282, "volume": 277808, "typical_volume": 388345.2, "trend": 108.112216, "fair_value": 86.869474, "relative_strength": 2.676132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.876597, "energy": 61.425054, "activity_lines": [ 112.83243, 111.284678, 110.407999, 109.682422 ] }, { "date": "2024-08-16", "close": 116.921658, "volume": 453563, "typical_volume": 404743.1, "trend": 108.683538, "fair_value": 87.146849, "relative_strength": 2.018422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.968658, "energy": 72.810015, "activity_lines": [ 114.327133, 112.496841, 111.078745, 110.250773 ] }, { "date": "2024-08-23", "close": 119.378437, "volume": 218808, "typical_volume": 403843.6, "trend": 109.271473, "fair_value": 87.432289, "relative_strength": 2.55457, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.018418, "energy": 79.282435, "activity_lines": [ 116.237354, 114.026767, 111.960016, 110.940767 ] }, { "date": "2024-08-30", "close": 122.924993, "volume": 274096, "typical_volume": 341131.3, "trend": 110.000444, "fair_value": 87.747231, "relative_strength": 5.083433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.918972, "energy": 89.010322, "activity_lines": [ 118.791881, 115.963057, 113.139009, 111.821639 ] }, { "date": "2024-09-06", "close": 120.592487, "volume": 413809, "typical_volume": 328083.35, "trend": 110.613003, "fair_value": 88.056486, "relative_strength": 7.261669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.150723, "energy": 85.055533, "activity_lines": [ 119.976221, 117.226708, 114.013833, 112.504996 ] }, { "date": "2024-09-13", "close": 122.494818, "volume": 515497, "typical_volume": 336697.6, "trend": 111.209751, "fair_value": 88.378636, "relative_strength": 4.586753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.932643, "energy": 87.415288, "activity_lines": [ 121.286503, 118.60629, 115.008455, 113.271565 ] }, { "date": "2024-09-20", "close": 123.957414, "volume": 428974, "typical_volume": 344439.1, "trend": 111.817226, "fair_value": 88.710518, "relative_strength": 4.262467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.190625, "energy": 89.267841, "activity_lines": [ 122.451482, 119.971272, 116.063804, 114.093995 ] }, { "date": "2024-09-27", "close": 123.615077, "volume": 339781, "typical_volume": 348545.2, "trend": 112.429767, "fair_value": 89.039248, "relative_strength": 3.287704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.224911, "energy": 82.511428, "activity_lines": [ 123.033297, 121.036068, 117.009103, 114.855147 ] }, { "date": "2024-10-04", "close": 125.6115, "volume": 280278, "typical_volume": 336898.45, "trend": 113.055302, "fair_value": 89.365356, "relative_strength": 4.547629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.557476, "energy": 81.566244, "activity_lines": [ 123.998145, 122.240125, 118.085032, 115.705581 ] }, { "date": "2024-10-11", "close": 125.0836, "volume": 477827, "typical_volume": 350162.8, "trend": 113.589088, "fair_value": 89.683817, "relative_strength": 2.859721, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.865676, "energy": 70.10861, "activity_lines": [ 124.607925, 123.137713, 119.047986, 116.4816 ] }, { "date": "2024-10-18", "close": 127.934262, "volume": 258382, "typical_volume": 355264.5, "trend": 114.203031, "fair_value": 90.007087, "relative_strength": 4.224007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.997112, "energy": 73.782142, "activity_lines": [ 125.868519, 124.333356, 120.210163, 117.407095 ] }, { "date": "2024-10-25", "close": 122.722445, "volume": 266608, "typical_volume": 351703.9, "trend": 114.560561, "fair_value": 90.304675, "relative_strength": 0.949978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.975483, "energy": 58.108719, "activity_lines": [ 125.02921, 124.309905, 120.797721, 117.956735 ] }, { "date": "2024-11-01", "close": 120.361291, "volume": 275026, "typical_volume": 330698.75, "trend": 114.87364, "fair_value": 90.582992, "relative_strength": 0.398496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.552735, "energy": 42.972258, "activity_lines": [ 123.485181, 123.751685, 121.099018, 118.330976 ] }, { "date": "2024-11-08", "close": 126.177793, "volume": 304513, "typical_volume": 323906.55, "trend": 115.556241, "fair_value": 90.900084, "relative_strength": 0.451476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.501971, "energy": 43.433482, "activity_lines": [ 124.096906, 124.23314, 121.887132, 119.060276 ] }, { "date": "2024-11-15", "close": 127.550334, "volume": 258932, "typical_volume": 326988.7, "trend": 116.21781, "fair_value": 91.240417, "relative_strength": 3.590639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.200968, "energy": 46.966795, "activity_lines": [ 125.128391, 124.905007, 122.725379, 119.834088 ] }, { "date": "2024-11-22", "close": 130.564166, "volume": 266316, "typical_volume": 332138.8, "trend": 117.036764, "fair_value": 91.601855, "relative_strength": 4.200665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.279274, "energy": 58.026104, "activity_lines": [ 127.000038, 125.998336, 123.757301, 120.75966 ] }, { "date": "2024-11-29", "close": 132.60858, "volume": 257344, "typical_volume": 319721.2, "trend": 117.867259, "fair_value": 91.986344, "relative_strength": 4.479308, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.692507, "energy": 84.603184, "activity_lines": [ 129.37783, 127.316662, 124.872033, 121.764293 ] }, { "date": "2024-12-06", "close": 128.57734, "volume": 217044, "typical_volume": 316382.2, "trend": 118.44921, "fair_value": 92.330714, "relative_strength": 0.380006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.425013, "energy": 77.233288, "activity_lines": [ 129.752799, 127.744741, 125.499322, 122.455266 ] }, { "date": "2024-12-13", "close": 124.872439, "volume": 230682, "typical_volume": 314015.8, "trend": 118.86346, "fair_value": 92.651459, "relative_strength": -1.985078, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.377917, "energy": 51.339682, "activity_lines": [ 128.345064, 127.408979, 125.691539, 122.869668 ] }, { "date": "2024-12-20", "close": 121.65017, "volume": 290980, "typical_volume": 315313.4, "trend": 119.254894, "fair_value": 92.944969, "relative_strength": -2.767033, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.217176, "energy": 24.485007, "activity_lines": [ 125.950263, 126.500787, 125.525265, 123.049455 ] }, { "date": "2024-12-27", "close": 122.389512, "volume": 118585, "typical_volume": 307352.25, "trend": 119.617864, "fair_value": 93.237154, "relative_strength": -2.836013, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.193783, "energy": 20.485591, "activity_lines": [ 124.195254, 125.789447, 125.388071, 123.251689 ] }, { "date": "2025-01-03", "close": 121.804622, "volume": 271402, "typical_volume": 298244.2, "trend": 120.016991, "fair_value": 93.504508, "relative_strength": -2.764452, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.486263, "energy": 19.657703, "activity_lines": [ 122.790259, 125.072577, 125.150471, 123.39277 ] }, { "date": "2025-01-10", "close": 117.624768, "volume": 359773, "typical_volume": 305292.45, "trend": 120.395721, "fair_value": 93.743714, "relative_strength": -4.2087, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.120292, "energy": 31.645625, "activity_lines": [ 120.712243, 123.612421, 124.491539, 123.238433 ] }, { "date": "2025-01-17", "close": 123.667698, "volume": 413376, "typical_volume": 312256.45, "trend": 120.876145, "fair_value": 94.044575, "relative_strength": -2.145147, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.714128, "energy": 18.725611, "activity_lines": [ 121.378708, 123.300735, 124.416474, 123.449528 ] }, { "date": "2025-01-24", "close": 122.210058, "volume": 260937, "typical_volume": 304612.85, "trend": 121.351635, "fair_value": 94.33127, "relative_strength": -4.861171, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.388276, "energy": 15.952904, "activity_lines": [ 121.639609, 122.769662, 124.199049, 123.535587 ] }, { "date": "2025-01-31", "close": 124.40453, "volume": 143163, "typical_volume": 285996.15, "trend": 121.929591, "fair_value": 94.614113, "relative_strength": -2.160203, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.010666, "energy": 11.543186, "activity_lines": [ 122.594676, 122.734679, 124.182919, 123.732548 ] }, { "date": "2025-02-07", "close": 124.917793, "volume": 172871, "typical_volume": 273191.0, "trend": 122.397833, "fair_value": 94.899626, "relative_strength": -1.597137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.836978, "energy": 17.806262, "activity_lines": [ 123.586495, 122.90501, 124.206577, 123.925335 ] }, { "date": "2025-02-14", "close": 123.783537, "volume": 168833, "typical_volume": 264643.6, "trend": 122.813609, "fair_value": 95.182081, "relative_strength": -3.839612, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.136373, "energy": 16.794588, "activity_lines": [ 123.992684, 123.008945, 124.117638, 124.014736 ] }, { "date": "2025-02-21", "close": 123.551859, "volume": 114437, "typical_volume": 256351.55, "trend": 123.130848, "fair_value": 95.460459, "relative_strength": -2.414369, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.100928, "energy": 14.956569, "activity_lines": [ 123.911063, 123.157917, 124.005832, 124.062365 ] }, { "date": "2025-02-28", "close": 131.32272, "volume": 333047, "typical_volume": 249112.55, "trend": 123.742606, "fair_value": 95.803136, "relative_strength": 4.603186, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.04674, "energy": 42.968361, "activity_lines": [ 126.427451, 124.743784, 124.643916, 124.590873 ] }, { "date": "2025-03-07", "close": 129.662362, "volume": 331795, "typical_volume": 252783.2, "trend": 124.297942, "fair_value": 96.139772, "relative_strength": 6.422868, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.825019, "energy": 54.556604, "activity_lines": [ 127.782876, 125.851902, 125.09416, 124.972792 ] }, { "date": "2025-03-14", "close": 130.955897, "volume": 480247, "typical_volume": 263465.15, "trend": 124.76575, "fair_value": 96.455479, "relative_strength": 9.82175, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.130499, "energy": 66.261847, "activity_lines": [ 129.218957, 127.062975, 125.65937, 125.402338 ] }, { "date": "2025-03-21", "close": 130.007534, "volume": 531339, "typical_volume": 276280.8, "trend": 125.120053, "fair_value": 96.743253, "relative_strength": 8.300362, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.401585, "energy": 68.576972, "activity_lines": [ 129.936376, 127.935232, 126.095052, 125.740517 ] }, { "date": "2025-03-28", "close": 132.211381, "volume": 374991, "typical_volume": 279804.7, "trend": 125.4296, "fair_value": 97.04616, "relative_strength": 11.572588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.998569, "energy": 69.621813, "activity_lines": [ 130.973478, 128.983047, 126.694689, 126.198022 ] }, { "date": "2025-04-04", "close": 121.677576, "volume": 538378, "typical_volume": 293777.0, "trend": 125.465769, "fair_value": 97.282725, "relative_strength": 12.677057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.857255, "energy": 18.035817, "activity_lines": [ 127.922011, 127.960285, 126.262376, 125.955956 ] }, { "date": "2025-04-11", "close": 125.328001, "volume": 612948, "typical_volume": 311108.6, "trend": 125.560209, "fair_value": 97.54671, "relative_strength": 9.57956, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.906765, "energy": 14.25607, "activity_lines": [ 126.730361, 127.610918, 126.205688, 125.947068 ] }, { "date": "2025-04-18", "close": 125.667801, "volume": 249165, "typical_volume": 310699.65, "trend": 125.617222, "fair_value": 97.826709, "relative_strength": 11.264057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.65786, "energy": 17.099912, "activity_lines": [ 125.940936, 127.306543, 126.206296, 125.95401 ] }, { "date": "2025-04-25", "close": 125.726052, "volume": 589670, "typical_volume": 329330.95, "trend": 125.687587, "fair_value": 98.127184, "relative_strength": 6.254195, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.124326, "energy": 14.027184, "activity_lines": [ 125.523467, 126.999122, 126.245502, 125.961031 ] }, { "date": "2025-05-02", "close": 130.250248, "volume": 273302, "typical_volume": 331461.95, "trend": 125.842212, "fair_value": 98.449152, "relative_strength": 6.789047, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.049317, "energy": 16.647434, "activity_lines": [ 126.899495, 127.478964, 126.729163, 126.255396 ] }, { "date": "2025-05-09", "close": 130.910432, "volume": 372738, "typical_volume": 335549.85, "trend": 126.03644, "fair_value": 98.787176, "relative_strength": 7.637467, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.408837, "energy": 29.86913, "activity_lines": [ 128.626327, 127.95705, 127.250089, 126.582378 ] }, { "date": "2025-05-16", "close": 133.201655, "volume": 533394, "typical_volume": 356290.3, "trend": 126.21202, "fair_value": 99.148224, "relative_strength": 3.933313, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.440721, "energy": 50.782197, "activity_lines": [ 130.501377, 128.859218, 127.94513, 127.04465 ] }, { "date": "2025-05-23", "close": 129.094928, "volume": 562650, "typical_volume": 370852.7, "trend": 126.424436, "fair_value": 99.45102, "relative_strength": 3.236836, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.243742, "energy": 45.422142, "activity_lines": [ 130.482607, 128.950358, 128.197569, 127.230644 ] }, { "date": "2025-05-30", "close": 132.298758, "volume": 473223, "typical_volume": 376525.2, "trend": 126.822351, "fair_value": 99.782689, "relative_strength": 3.857819, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.482529, "energy": 53.534422, "activity_lines": [ 131.303305, 129.657849, 128.720418, 127.609633 ] }, { "date": "2025-06-06", "close": 132.191963, "volume": 359724, "typical_volume": 373842.6, "trend": 127.022824, "fair_value": 100.136652, "relative_strength": 1.973146, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.720842, "energy": 48.934344, "activity_lines": [ 131.650225, 130.304263, 129.16322, 127.956059 ] }, { "date": "2025-06-13", "close": 128.541539, "volume": 234199, "typical_volume": 372505.7, "trend": 127.055864, "fair_value": 100.488861, "relative_strength": -0.637954, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.659675, "energy": 26.937719, "activity_lines": [ 130.650889, 130.287317, 129.217771, 128.054041 ] }, { "date": "2025-06-20", "close": 128.550776, "volume": 208125, "typical_volume": 375753.8, "trend": 126.988751, "fair_value": 100.818475, "relative_strength": -0.586824, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.928605, "energy": 19.767285, "activity_lines": [ 129.812558, 130.147252, 129.243052, 128.150487 ] }, { "date": "2025-06-27", "close": 129.353854, "volume": 211930, "typical_volume": 377706.75, "trend": 126.88026, "fair_value": 101.148077, "relative_strength": -3.403409, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.061658, "energy": 14.600527, "activity_lines": [ 129.551978, 130.094604, 129.325072, 128.303074 ] }, { "date": "2025-07-04", "close": 129.212707, "volume": 364705, "typical_volume": 387500.35, "trend": 126.901439, "fair_value": 101.481341, "relative_strength": -5.211871, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 30.677998, "energy": 17.081198, "activity_lines": [ 129.227088, 129.949274, 129.372526, 128.453554 ] }, { "date": "2025-07-11", "close": 124.900425, "volume": 372471, "typical_volume": 400402.05, "trend": 126.902372, "fair_value": 101.80674, "relative_strength": -8.121249, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.114697, "energy": 11.222599, "activity_lines": [ 127.670507, 128.9565, 128.983433, 128.324457 ] }, { "date": "2025-07-18", "close": 125.820703, "volume": 279789, "typical_volume": 397739.15, "trend": 127.04139, "fair_value": 102.135756, "relative_strength": -7.989434, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.461385, "energy": 21.920283, "activity_lines": [ 126.906788, 128.228318, 128.675563, 128.254672 ] }, { "date": "2025-07-25", "close": 126.088006, "volume": 297515, "typical_volume": 396025.15, "trend": 127.164673, "fair_value": 102.456106, "relative_strength": -9.058227, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.970683, "energy": 31.706496, "activity_lines": [ 126.413559, 127.641277, 128.419352, 128.193163 ] }, { "date": "2025-08-01", "close": 123.011976, "volume": 271255, "typical_volume": 385575.55, "trend": 127.204918, "fair_value": 102.760237, "relative_strength": -8.947104, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.747431, "energy": 53.826566, "activity_lines": [ 125.059171, 126.624297, 127.887205, 127.925247 ] }, { "date": "2025-08-08", "close": 125.951726, "volume": 328793, "typical_volume": 375448.25, "trend": 127.482483, "fair_value": 103.048579, "relative_strength": -8.896245, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.281459, "energy": 44.159994, "activity_lines": [ 125.107492, 126.252416, 127.672863, 127.844396 ] }, { "date": "2025-08-15", "close": 127.411867, "volume": 254522, "typical_volume": 369424.8, "trend": 127.607289, "fair_value": 103.343493, "relative_strength": -8.610871, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.045091, "energy": 27.355232, "activity_lines": [ 125.859925, 126.261416, 127.616896, 127.83984 ] }, { "date": "2025-08-22", "close": 130.444871, "volume": 173481, "typical_volume": 351179.95, "trend": 127.881783, "fair_value": 103.673446, "relative_strength": -6.599879, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.119258, "energy": 6.460447, "activity_lines": [ 127.455931, 126.908782, 127.872641, 128.02291 ] }, { "date": "2025-08-29", "close": 129.271112, "volume": 237286, "typical_volume": 332396.85, "trend": 128.044002, "fair_value": 104.007322, "relative_strength": -7.235007, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.47902, "energy": 14.856603, "activity_lines": [ 128.352405, 127.308131, 127.97485, 128.112544 ] }, { "date": "2025-09-05", "close": 128.677322, "volume": 111132, "typical_volume": 325495.2, "trend": 128.16932, "fair_value": 104.320015, "relative_strength": -7.750731, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.418484, "energy": 15.234525, "activity_lines": [ 128.838742, 127.586422, 128.001731, 128.153403 ] }, { "date": "2025-09-12", "close": 130.114684, "volume": 311990, "typical_volume": 311611.2, "trend": 128.380358, "fair_value": 104.655028, "relative_strength": -7.976519, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.149108, "energy": 19.580647, "activity_lines": [ 129.42651, 128.138351, 128.151173, 128.278911 ] }, { "date": "2025-09-19", "close": 128.597753, "volume": 187092, "typical_volume": 307300.7, "trend": 128.548554, "fair_value": 105.00226, "relative_strength": -9.9422, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.985074, "energy": 15.007606, "activity_lines": [ 129.231104, 128.398076, 128.135247, 128.292936 ] }, { "date": "2025-09-26", "close": 130.327114, "volume": 141939, "typical_volume": 295760.75, "trend": 128.515367, "fair_value": 105.365857, "relative_strength": -8.291454, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.919666, "energy": 19.919952, "activity_lines": [ 129.533093, 128.905005, 128.291891, 128.407682 ] }, { "date": "2025-10-03", "close": 131.949758, "volume": 520751, "typical_volume": 295128.6, "trend": 128.591614, "fair_value": 105.723709, "relative_strength": -7.971332, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.193501, "energy": 41.609445, "activity_lines": [ 130.383813, 129.625026, 128.60585, 128.629256 ] }, { "date": "2025-10-10", "close": 128.831514, "volume": 196850, "typical_volume": 276838.6, "trend": 128.520801, "fair_value": 106.055764, "relative_strength": -7.743359, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.556518, "energy": 26.861031, "activity_lines": [ 130.016542, 129.671516, 128.628795, 128.644733 ] }, { "date": "2025-10-17", "close": 124.327123, "volume": 405480, "typical_volume": 273451.45, "trend": 128.331454, "fair_value": 106.344926, "relative_strength": -12.221327, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.893856, "energy": 8.989631, "activity_lines": [ 128.137528, 128.793216, 128.224005, 128.374173 ] }, { "date": "2025-10-24", "close": 125.275066, "volume": 338981, "typical_volume": 272414.3, "trend": 128.100244, "fair_value": 106.607173, "relative_strength": -12.999785, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.188766, "energy": 16.931554, "activity_lines": [ 126.960333, 128.116808, 127.947455, 128.176987 ] }, { "date": "2025-10-31", "close": 123.545314, "volume": 292168, "typical_volume": 275312.75, "trend": 128.162502, "fair_value": 106.861852, "relative_strength": -14.557334, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.793318, "energy": 50.721124, "activity_lines": [ 125.428066, 127.16475, 127.539104, 127.88312 ] }, { "date": "2025-11-07", "close": 127.786626, "volume": 259452, "typical_volume": 277879.1, "trend": 128.244456, "fair_value": 107.139126, "relative_strength": -9.975261, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.730572, "energy": 43.665207, "activity_lines": [ 125.76169, 127.109286, 127.55848, 127.85887 ] }, { "date": "2025-11-14", "close": 130.591365, "volume": 604789, "typical_volume": 297522.05, "trend": 128.408575, "fair_value": 107.429844, "relative_strength": -7.91281, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.569447, "energy": 17.124062, "activity_lines": [ 127.307768, 127.590766, 127.848612, 128.010284 ] }, { "date": "2025-11-21", "close": 130.718409, "volume": 936995, "typical_volume": 326136.55, "trend": 128.574986, "fair_value": 107.70855, "relative_strength": -5.816811, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.761292, "energy": 7.279957, "activity_lines": [ 128.778872, 128.060544, 128.144951, 128.159306 ] }, { "date": "2025-11-28", "close": 131.656579, "volume": 295789, "typical_volume": 322302.45, "trend": 128.621864, "fair_value": 107.989989, "relative_strength": -8.270134, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.963513, "energy": 28.815268, "activity_lines": [ 130.136613, 128.689921, 128.523469, 128.358118 ] }, { "date": "2025-12-05", "close": 128.851841, "volume": 352095, "typical_volume": 325917.75, "trend": 128.553244, "fair_value": 108.270408, "relative_strength": -10.310361, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.523221, "energy": 25.430754, "activity_lines": [ 130.134007, 128.753731, 128.602697, 128.372955 ] }, { "date": "2025-12-12", "close": 134.002005, "volume": 242009, "typical_volume": 323142.45, "trend": 128.579923, "fair_value": 108.592864, "relative_strength": -6.079025, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.018141, "energy": 60.204586, "activity_lines": [ 131.494354, 129.780757, 129.157983, 128.724488 ] }, { "date": "2025-12-19", "close": 134.046313, "volume": 187970, "typical_volume": 318978.2, "trend": 128.744969, "fair_value": 108.902083, "relative_strength": -6.064568, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.861985, "energy": 63.786269, "activity_lines": [ 132.455112, 130.778526, 129.679803, 129.077158 ] }, { "date": "2025-12-26", "close": 134.399842, "volume": 90122, "typical_volume": 307044.65, "trend": 128.815005, "fair_value": 109.215369, "relative_strength": -7.028663, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.778364, "energy": 63.566445, "activity_lines": [ 133.303383, 131.745758, 130.182749, 129.441989 ] }, { "date": "2026-01-02", "close": 132.602738, "volume": 178012, "typical_volume": 303219.15, "trend": 128.828698, "fair_value": 109.498959, "relative_strength": -7.193151, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.027151, "energy": 60.324297, "activity_lines": [ 133.30719, 132.203104, 130.474312, 129.686359 ] }, { "date": "2026-01-09", "close": 132.543816, "volume": 375503, "typical_volume": 313320.25, "trend": 128.962107, "fair_value": 109.782051, "relative_strength": -8.573222, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.844084, "energy": 46.713493, "activity_lines": [ 133.228279, 132.516507, 130.735545, 129.926044 ] }, { "date": "2026-01-16", "close": 127.830885, "volume": 274599, "typical_volume": 315185.9, "trend": 128.93811, "fair_value": 110.052928, "relative_strength": -11.316419, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.953642, "energy": 16.582084, "activity_lines": [ 131.33226, 131.809403, 130.537933, 129.853062 ] }, { "date": "2026-01-23", "close": 127.594414, "volume": 286378, "typical_volume": 323948.2, "trend": 128.879462, "fair_value": 110.307713, "relative_strength": -11.018606, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.759999, "energy": 14.80609, "activity_lines": [ 129.768825, 131.0585, 130.324658, 129.766372 ] }, { "date": "2026-01-30", "close": 130.61404, "volume": 437327, "typical_volume": 330215.05, "trend": 128.926174, "fair_value": 110.591811, "relative_strength": -9.102257, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.718302, "energy": 20.348229, "activity_lines": [ 129.642059, 130.911111, 130.404122, 129.87828 ] }, { "date": "2026-02-06", "close": 134.115055, "volume": 424410, "typical_volume": 342080.95, "trend": 129.233328, "fair_value": 110.887316, "relative_strength": -6.343124, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.287481, "energy": 24.041528, "activity_lines": [ 130.934684, 131.402167, 130.81464, 130.213047 ] }, { "date": "2026-02-13", "close": 132.101905, "volume": 423346, "typical_volume": 356151.3, "trend": 129.442701, "fair_value": 111.167515, "relative_strength": -6.4478, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.926262, "energy": 17.038237, "activity_lines": [ 131.455439, 131.482496, 131.007155, 130.398116 ] }, { "date": "2026-02-20", "close": 133.221413, "volume": 365142, "typical_volume": 348370.85, "trend": 129.680482, "fair_value": 111.46143, "relative_strength": -6.574821, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.462336, "energy": 39.625422, "activity_lines": [ 132.378823, 131.70728, 131.297839, 130.641904 ] }, { "date": "2026-02-27", "close": 134.115055, "volume": 445020, "typical_volume": 360779.35, "trend": 130.050584, "fair_value": 111.760353, "relative_strength": -5.228915, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.798347, "energy": 51.052063, "activity_lines": [ 133.240719, 132.108737, 131.667577, 130.928005 ] }, { "date": "2026-03-06", "close": 131.758197, "volume": 499726, "typical_volume": 365491.65, "trend": 130.244133, "fair_value": 112.083229, "relative_strength": -4.727179, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.455281, "energy": 37.430513, "activity_lines": [ 132.882287, 132.080424, 131.787691, 131.038174 ] }, { "date": "2026-03-13", "close": 128.596079, "volume": 428064, "typical_volume": 369945.8, "trend": 130.283607, "fair_value": 112.419462, "relative_strength": -5.231627, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 9.682185, "energy": 7.224704, "activity_lines": [ 131.393539, 131.525211, 131.571266, 130.931848 ] }, { "date": "2026-03-20", "close": 126.690807, "volume": 494301, "typical_volume": 380052.45, "trend": 130.158471, "fair_value": 112.737266, "relative_strength": -4.586293, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.422885, "energy": 18.775297, "activity_lines": [ 129.637631, 130.696433, 131.157572, 130.700054 ] }, { "date": "2026-03-27", "close": 125.164858, "volume": 308930, "typical_volume": 382526.35, "trend": 130.021596, "fair_value": 113.024282, "relative_strength": -3.189402, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.48328, "energy": 35.572457, "activity_lines": [ 127.733814, 129.696628, 130.583571, 130.377886 ] }, { "date": "2026-04-03", "close": 128.086335, "volume": 146807, "typical_volume": 359627.25, "trend": 130.001897, "fair_value": 113.324369, "relative_strength": -3.775727, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.576251, "energy": 39.475289, "activity_lines": [ 127.340926, 129.276474, 130.300291, 130.25303 ] }, { "date": "2026-04-10", "close": 129.312758, "volume": 252744, "typical_volume": 325414.7, "trend": 129.975166, "fair_value": 113.635928, "relative_strength": -5.812564, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.625586, "energy": 42.632929, "activity_lines": [ 127.75876, 129.070362, 130.145741, 130.20857 ] }, { "date": "2026-04-17", "close": 133.331035, "volume": 258301, "typical_volume": 323540.3, "trend": 130.132942, "fair_value": 113.965359, "relative_strength": -6.60395, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 7.748337, "energy": 8.27424, "activity_lines": [ 129.679049, 129.618505, 130.380578, 130.425077 ] }, { "date": "2026-04-24", "close": 131.456504, "volume": 335243, "typical_volume": 322697.7, "trend": 130.170588, "fair_value": 114.277179, "relative_strength": -7.995083, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.217584, "energy": 9.303954, "activity_lines": [ 130.658831, 129.84008, 130.428915, 130.510468 ] }, { "date": "2026-05-01", "close": 131.626009, "volume": 175346, "typical_volume": 319364.55, "trend": 130.159797, "fair_value": 114.599654, "relative_strength": -8.295348, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.292821, "energy": 15.001605, "activity_lines": [ 131.377401, 130.104208, 130.480991, 130.604366 ] }, { "date": "2026-05-08", "close": 129.821274, "volume": 130778, "typical_volume": 316504.95, "trend": 130.192789, "fair_value": 114.912668, "relative_strength": -11.130486, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.767062, "energy": 12.856139, "activity_lines": [ 131.06365, 130.06921, 130.372503, 130.582526 ] }, { "date": "2026-05-15", "close": 131.626009, "volume": 216050, "typical_volume": 322801.35, "trend": 130.436085, "fair_value": 115.232315, "relative_strength": -9.657044, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 27.928185, "energy": 16.481319, "activity_lines": [ 131.235814, 130.440414, 130.456013, 130.674992 ] }, { "date": "2026-05-22", "close": 133.719901, "volume": 212514, "typical_volume": 324526.45, "trend": 130.717579, "fair_value": 115.584945, "relative_strength": -8.604828, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.4975, "energy": 29.675906, "activity_lines": [ 131.951726, 131.194729, 130.75215, 130.886851 ] }, { "date": "2026-05-29", "close": 127.996597, "volume": 134446, "typical_volume": 312473.6, "trend": 130.865955, "fair_value": 115.891377, "relative_strength": -13.278589, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.62167, "energy": 13.807243, "activity_lines": [ 130.733945, 130.815283, 130.497891, 130.711304 ] }, { "date": "2026-06-05", "close": 133.211384, "volume": 179847, "typical_volume": 307736.0, "trend": 131.046781, "fair_value": 116.224386, "relative_strength": -7.039033, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.552639, "energy": 11.410242, "activity_lines": [ 131.485087, 131.360239, 130.761932, 130.862622 ] }, { "date": "2026-06-12", "close": 135.175654, "volume": 229253, "typical_volume": 304879.75, "trend": 131.19959, "fair_value": 116.564614, "relative_strength": -5.871256, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.191737, "energy": 30.390698, "activity_lines": [ 132.785294, 132.116034, 131.187425, 131.129001 ] }, { "date": "2026-06-19", "close": 134.39, "volume": 219742, "typical_volume": 294000.5, "trend": 131.321977, "fair_value": 116.908317, "relative_strength": -6.922831, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.849785, "energy": 40.991819, "activity_lines": [ 133.466658, 132.600086, 131.501992, 131.334834 ] }, { "date": "2026-06-26", "close": 141.46, "volume": 543920, "typical_volume": 299976.0, "trend": 131.648757, "fair_value": 117.284665, "relative_strength": 0.545703, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.032536, "energy": 74.112786, "activity_lines": [ 136.320422, 134.27728, 132.471912, 131.9889 ] }, { "date": "2026-07-03", "close": 147.25, "volume": 495103, "typical_volume": 303563.85, "trend": 132.262029, "fair_value": 117.697827, "relative_strength": 2.55664, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.01196, "energy": 87.215945, "activity_lines": [ 140.588179, 136.859401, 133.958284, 132.995432 ] }, { "date": "2026-07-10", "close": 145.86, "volume": 769972, "typical_volume": 323805.35, "trend": 132.657296, "fair_value": 118.112098, "relative_strength": 0.313005, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.63823, "energy": 89.020407, "activity_lines": [ 143.109044, 138.90164, 135.240142, 133.87272 ] }, { "date": "2026-07-17", "close": 146.1, "volume": 1086879, "typical_volume": 355898.3, "trend": 133.059085, "fair_value": 118.502377, "relative_strength": 2.116896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.909257, "energy": 88.404078, "activity_lines": [ 144.866667, 140.728717, 136.484673, 134.739991 ] }, { "date": "2026-07-24", "close": 148.15, "volume": 396321, "typical_volume": 350728.05, "trend": 133.517424, "fair_value": 118.903, "relative_strength": 4.156616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.256487, "energy": 89.126107, "activity_lines": [ 146.579333, 142.632543, 137.867371, 135.713599 ] }, { "date": "2026-07-31", "close": 147.16, "volume": 600532, "typical_volume": 359351.45, "trend": 134.002666, "fair_value": 119.295876, "relative_strength": 2.369985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.396619, "energy": 77.381155, "activity_lines": [ 147.044667, 144.055933, 139.077728, 136.593765 ] }, { "date": "2026-08-07", "close": 148.08, "volume": 800601, "typical_volume": 374666.45, "trend": 134.520539, "fair_value": 119.693478, "relative_strength": -0.401107, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.009405, "energy": 61.437234, "activity_lines": [ 147.436667, 145.402231, 140.287303, 137.50198 ] } ], "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." } } }