{ "ticker": { "uuid": "302f8bf0-edc2-4f9f-ad6c-f72162579375", "symbol": "MMTM", "name": "STATE STREET SPDR S&P 1500 MOMENTUM TILT 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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 90.348, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 4.308, "architecture_energy": 16.37, "architecture_maturity": 46.686, "architecture_confidence": 75.965, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 60.26, "rotation_up": 16.16, "upward_expansion": 41.49, "deceleration": 85.55, "rotation_down": 40.77, "downward_expansion": 35.49 }, "activity_lines": [ 303.843093, 305.281974, 308.194782, 305.32879 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 308.0868, "trend_reference": 301.85236, "distance_from_trend": 0.020654, "trend_direction": "Improving", "fair_value": 251.993487, "distance_from_fair_value": 0.222598, "fair_value_direction": "Weakening", "relative_strength": -6.750784, "relative_strength_direction": "Weakening", "price_momentum": 0.034533, "excess_performance": -0.091092, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.020654, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.01978, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.222598, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.077999, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067508, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.054793, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.034533, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.338283, "read": "Supply-led" } ], "volume": { "latest": 3641, "relative_activity": 0.620791, "balance": 0.338283, "dry_up": 1.104713, "accumulation_observations": 0, "distribution_observations": 5 }, "risk": { "range_context": 0.025744, "annualized_volatility": 0.154641, "from_high_reference": -0.045052, "from_low_reference": 0.149186 }, "levels": { "trend_reference": 301.85236, "fair_value_reference": 251.993487, "structural_low": 270.455, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": 0.002763, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": 0.000109, "regime_survival": 0.363636, "best_return": 0.123004, "worst_return": -0.072459, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.047562, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.001033, "regime_survival": 0.0, "best_return": 0.147814, "worst_return": -0.147471, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.089088, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.001383, "regime_survival": 0.0, "best_return": 0.197731, "worst_return": 0.013028, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.120411, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.008263, "regime_survival": 0.333333, "best_return": 0.314417, "worst_return": -0.150623, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-10", "tenure": "Established", "return": 0.115301, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.019381, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.024795, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.01647, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.118593, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.081001, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.011491, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": 0.062386, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2026-03-06", "tenure": "Extended", "return": 0.077814, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.018451, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.089397, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.007675, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-06-26", "tenure": "Developing", "return": -0.024389, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.010814, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 177.502763, "volume": 3057, "typical_volume": 12892.85, "trend": 170.707869, "fair_value": 166.488503, "relative_strength": -1.569205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.365778, "energy": 46.267501, "activity_lines": [ 180.700264, 181.080566, 177.95749, 174.580609 ] }, { "date": "2023-08-25", "close": 179.677745, "volume": 7309, "typical_volume": 11898.25, "trend": 171.160238, "fair_value": 166.710501, "relative_strength": -1.11657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.099238, "energy": 31.870067, "activity_lines": [ 179.941516, 180.906569, 178.439741, 175.159311 ] }, { "date": "2023-09-01", "close": 185.123781, "volume": 16139, "typical_volume": 11599.15, "trend": 171.779863, "fair_value": 166.99373, "relative_strength": -0.631384, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.435722, "energy": 41.920929, "activity_lines": [ 181.292583, 181.703107, 179.369831, 176.060184 ] }, { "date": "2023-09-08", "close": 182.29839, "volume": 5064, "typical_volume": 9305.35, "trend": 172.304685, "fair_value": 167.287313, "relative_strength": -0.882076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.731999, "energy": 36.026659, "activity_lines": [ 181.766552, 181.822528, 179.942762, 176.738799 ] }, { "date": "2023-09-15", "close": 180.811645, "volume": 1898, "typical_volume": 8288.6, "trend": 172.80159, "fair_value": 167.5813, "relative_strength": -1.512972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.295127, "energy": 42.219602, "activity_lines": [ 181.698759, 181.645856, 180.299415, 177.287635 ] }, { "date": "2023-09-22", "close": 176.118129, "volume": 51231, "typical_volume": 9558.9, "trend": 173.261951, "fair_value": 167.837817, "relative_strength": -1.13216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.770075, "energy": 24.179842, "activity_lines": [ 180.043847, 180.569275, 180.147272, 177.501606 ] }, { "date": "2023-09-29", "close": 175.220521, "volume": 11563, "typical_volume": 9708.3, "trend": 173.609117, "fair_value": 168.075453, "relative_strength": -0.901252, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.141423, "energy": 11.988604, "activity_lines": [ 178.182041, 179.449376, 179.865103, 177.627965 ] }, { "date": "2023-10-06", "close": 176.974964, "volume": 8225, "typical_volume": 9641.35, "trend": 174.260108, "fair_value": 168.290089, "relative_strength": -0.339369, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.019414, "energy": 19.721989, "activity_lines": [ 177.202198, 178.809817, 179.708149, 177.845116 ] }, { "date": "2023-10-13", "close": 177.396195, "volume": 5717, "typical_volume": 9645.45, "trend": 174.952166, "fair_value": 168.5003, "relative_strength": -0.491436, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.297032, "energy": 21.549499, "activity_lines": [ 176.90602, 178.412652, 179.554779, 178.047444 ] }, { "date": "2023-10-20", "close": 173.301222, "volume": 4862, "typical_volume": 9427.5, "trend": 175.444081, "fair_value": 168.695926, "relative_strength": -0.353125, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -14.935813, "energy": 30.509311, "activity_lines": [ 175.571664, 177.347482, 178.978396, 177.940932 ] }, { "date": "2023-10-27", "close": 168.779935, "volume": 13119, "typical_volume": 9757.95, "trend": 175.599492, "fair_value": 168.916227, "relative_strength": -0.393974, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.427184, "energy": 57.555645, "activity_lines": [ 173.230906, 175.590645, 177.971152, 177.510987 ] }, { "date": "2023-11-03", "close": 179.56258, "volume": 21993, "typical_volume": 10474.8, "trend": 176.091466, "fair_value": 169.128489, "relative_strength": 0.198383, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.294531, "energy": 19.05836, "activity_lines": [ 174.973577, 175.952886, 178.01497, 177.76667 ] }, { "date": "2023-11-10", "close": 183.843625, "volume": 24402, "typical_volume": 11521.1, "trend": 176.665318, "fair_value": 169.373096, "relative_strength": 1.230471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.768927, "energy": 19.318883, "activity_lines": [ 177.853793, 177.095594, 178.461908, 178.266809 ] }, { "date": "2023-11-17", "close": 187.829867, "volume": 6832, "typical_volume": 11543.95, "trend": 177.372485, "fair_value": 169.651185, "relative_strength": 1.132005, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.537324, "energy": 38.704141, "activity_lines": [ 181.604844, 178.986347, 179.251786, 178.987103 ] }, { "date": "2023-11-24", "close": 189.540604, "volume": 2187, "typical_volume": 11181.8, "trend": 178.096005, "fair_value": 169.92461, "relative_strength": 1.085135, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 77.484643, "energy": 60.628709, "activity_lines": [ 185.230564, 181.087572, 180.1715, 179.772143 ] }, { "date": "2023-12-01", "close": 190.048368, "volume": 5513, "typical_volume": 11180.55, "trend": 178.872129, "fair_value": 170.191628, "relative_strength": 0.561998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.638, "energy": 83.886145, "activity_lines": [ 187.942912, 183.122409, 181.085816, 180.543263 ] }, { "date": "2023-12-08", "close": 190.531591, "volume": 13239, "typical_volume": 11254.65, "trend": 179.67562, "fair_value": 170.469079, "relative_strength": 0.627912, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.206145, "energy": 85.326593, "activity_lines": [ 189.39844, 184.991828, 182.011218, 181.295486 ] }, { "date": "2023-12-15", "close": 195.703498, "volume": 3840, "typical_volume": 11181.65, "trend": 180.555631, "fair_value": 170.758677, "relative_strength": 0.991684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.973651, "energy": 91.226406, "activity_lines": [ 191.846669, 187.52321, 183.39853, 182.329543 ] }, { "date": "2023-12-22", "close": 197.633218, "volume": 5246, "typical_volume": 10753.55, "trend": 181.461312, "fair_value": 171.056515, "relative_strength": 1.117048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.022617, "energy": 93.648248, "activity_lines": [ 194.14748, 190.064932, 184.923868, 183.431323 ] }, { "date": "2023-12-29", "close": 198.068665, "volume": 3171, "typical_volume": 10730.35, "trend": 182.288733, "fair_value": 171.347947, "relative_strength": 1.045265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.647022, "energy": 91.546731, "activity_lines": [ 195.939883, 192.31788, 186.414354, 184.502765 ] }, { "date": "2024-01-05", "close": 193.672444, "volume": 21521, "typical_volume": 11653.55, "trend": 182.949476, "fair_value": 171.601042, "relative_strength": 0.425533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.619579, "energy": 84.104523, "activity_lines": [ 195.698341, 193.321198, 187.402362, 185.237198 ] }, { "date": "2024-01-12", "close": 199.875921, "volume": 2492, "typical_volume": 11412.7, "trend": 183.658779, "fair_value": 171.911574, "relative_strength": 1.753495, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.086005, "energy": 83.700958, "activity_lines": [ 197.283021, 194.99983, 188.904178, 186.329227 ] }, { "date": "2024-01-19", "close": 203.845614, "volume": 3045, "typical_volume": 10758.0, "trend": 184.582425, "fair_value": 172.215158, "relative_strength": 2.527401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.398052, "energy": 79.667345, "activity_lines": [ 199.567976, 197.03089, 190.687879, 187.631603 ] }, { "date": "2024-01-26", "close": 206.012557, "volume": 3898, "typical_volume": 10699.7, "trend": 185.420152, "fair_value": 172.567176, "relative_strength": 2.525379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.71168, "energy": 86.727243, "activity_lines": [ 202.032437, 199.092268, 192.588803, 189.014192 ] }, { "date": "2024-02-02", "close": 210.588523, "volume": 26451, "typical_volume": 11927.35, "trend": 186.498044, "fair_value": 172.906691, "relative_strength": 3.254619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.840303, "energy": 96.587013, "activity_lines": [ 205.463598, 201.655046, 194.812609, 190.637958 ] }, { "date": "2024-02-09", "close": 215.409116, "volume": 6635, "typical_volume": 9697.55, "trend": 187.587955, "fair_value": 173.262568, "relative_strength": 4.100198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.062096, "energy": 97.355057, "activity_lines": [ 209.666966, 204.711605, 197.353725, 192.503188 ] }, { "date": "2024-02-16", "close": 213.737894, "volume": 12662, "typical_volume": 9752.5, "trend": 188.576059, "fair_value": 173.622958, "relative_strength": 3.573077, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.82893, "energy": 93.117992, "activity_lines": [ 211.864149, 207.003201, 199.548577, 194.190281 ] }, { "date": "2024-02-23", "close": 218.094323, "volume": 10548, "typical_volume": 9868.65, "trend": 189.642727, "fair_value": 174.04236, "relative_strength": 3.882287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.76106, "energy": 94.85084, "activity_lines": [ 214.589343, 209.664943, 201.97491, 196.094685 ] }, { "date": "2024-03-01", "close": 221.728536, "volume": 8202, "typical_volume": 9992.9, "trend": 190.980156, "fair_value": 174.49539, "relative_strength": 4.494407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.366159, "energy": 90.046967, "activity_lines": [ 217.576027, 212.580344, 204.551553, 198.164738 ] }, { "date": "2024-03-08", "close": 220.580085, "volume": 9544, "typical_volume": 10227.0, "trend": 192.317077, "fair_value": 174.914175, "relative_strength": 4.101315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.790983, "energy": 71.355009, "activity_lines": [ 219.132163, 214.84884, 206.807713, 200.07441 ] }, { "date": "2024-03-15", "close": 219.598345, "volume": 3016, "typical_volume": 9721.85, "trend": 193.720263, "fair_value": 175.33298, "relative_strength": 3.586324, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.330974, "energy": 68.272699, "activity_lines": [ 219.694948, 216.529539, 208.745236, 201.834492 ] }, { "date": "2024-03-22", "close": 226.496022, "volume": 2409, "typical_volume": 8742.65, "trend": 195.280873, "fair_value": 175.787208, "relative_strength": 4.37162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.76589, "energy": 74.160609, "activity_lines": [ 222.277676, 218.99298, 211.097689, 203.949057 ] }, { "date": "2024-03-29", "close": 225.819307, "volume": 6234, "typical_volume": 7834.25, "trend": 196.63739, "fair_value": 176.217094, "relative_strength": 3.57018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.272442, "energy": 70.755406, "activity_lines": [ 223.784291, 220.849381, 213.1622, 205.919279 ] }, { "date": "2024-04-05", "close": 224.552592, "volume": 18062, "typical_volume": 8395.75, "trend": 198.045864, "fair_value": 176.60541, "relative_strength": 3.793573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.706079, "energy": 67.317407, "activity_lines": [ 224.353669, 222.075949, 214.906188, 207.72026 ] }, { "date": "2024-04-12", "close": 221.721901, "volume": 6344, "typical_volume": 8603.6, "trend": 199.409539, "fair_value": 176.9575, "relative_strength": 3.890195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.082117, "energy": 65.791658, "activity_lines": [ 223.791212, 222.450754, 216.205715, 209.247746 ] }, { "date": "2024-04-19", "close": 211.297299, "volume": 9008, "typical_volume": 8778.35, "trend": 200.582178, "fair_value": 177.24408, "relative_strength": 2.064676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.534179, "energy": 48.862687, "activity_lines": [ 219.677767, 220.727751, 216.359179, 210.014698 ] }, { "date": "2024-04-26", "close": 218.734479, "volume": 5384, "typical_volume": 8385.6, "trend": 202.032643, "fair_value": 177.578525, "relative_strength": 2.83473, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.063775, "energy": 34.937909, "activity_lines": [ 218.596786, 220.431724, 217.119761, 211.185814 ] }, { "date": "2024-05-03", "close": 219.243266, "volume": 4071, "typical_volume": 8397.15, "trend": 203.441586, "fair_value": 177.899261, "relative_strength": 2.374811, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.67967, "energy": 27.188345, "activity_lines": [ 218.202836, 220.137356, 217.794499, 212.296177 ] }, { "date": "2024-05-10", "close": 224.099288, "volume": 21412, "typical_volume": 9205.45, "trend": 204.998356, "fair_value": 178.271155, "relative_strength": 2.629264, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.6705, "energy": 32.233838, "activity_lines": [ 219.865963, 220.705012, 218.819621, 213.628932 ] }, { "date": "2024-05-17", "close": 227.14465, "volume": 3760, "typical_volume": 9234.9, "trend": 206.793137, "fair_value": 178.669508, "relative_strength": 2.244586, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.220975, "energy": 52.682375, "activity_lines": [ 222.57443, 221.783265, 220.008749, 215.057725 ] }, { "date": "2024-05-24", "close": 229.761848, "volume": 4329, "typical_volume": 8375.3, "trend": 208.825868, "fair_value": 179.06451, "relative_strength": 3.319425, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.788031, "energy": 70.642046, "activity_lines": [ 225.793781, 223.218016, 221.308676, 216.539578 ] }, { "date": "2024-05-31", "close": 227.814785, "volume": 3377, "typical_volume": 8419.55, "trend": 210.434274, "fair_value": 179.442027, "relative_strength": 2.74611, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.289878, "energy": 74.730894, "activity_lines": [ 227.133141, 224.113965, 222.251315, 217.764669 ] }, { "date": "2024-06-07", "close": 232.47283, "volume": 6706, "typical_volume": 8602.6, "trend": 212.055248, "fair_value": 179.848789, "relative_strength": 3.424746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.491808, "energy": 85.605839, "activity_lines": [ 229.419828, 225.832854, 223.504535, 219.186511 ] }, { "date": "2024-06-14", "close": 237.700746, "volume": 4098, "typical_volume": 8612.6, "trend": 213.717611, "fair_value": 180.313392, "relative_strength": 3.913058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.911906, "energy": 92.249725, "activity_lines": [ 232.567183, 228.3813, 225.119331, 220.84106 ] }, { "date": "2024-06-21", "close": 238.994958, "volume": 3846, "typical_volume": 7482.35, "trend": 215.366089, "fair_value": 180.750481, "relative_strength": 3.686009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.724968, "energy": 91.023961, "activity_lines": [ 235.239179, 230.926, 226.70649, 222.471856 ] }, { "date": "2024-06-28", "close": 239.054422, "volume": 4468, "typical_volume": 7374.0, "trend": 216.999624, "fair_value": 181.170343, "relative_strength": 3.64714, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.575036, "energy": 88.878452, "activity_lines": [ 237.140975, 233.167455, 228.164043, 224.000136 ] }, { "date": "2024-07-05", "close": 243.723333, "volume": 8229, "typical_volume": 7152.35, "trend": 218.772682, "fair_value": 181.618595, "relative_strength": 3.558137, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.712063, "energy": 91.808622, "activity_lines": [ 239.97957, 235.753129, 229.953658, 225.724246 ] }, { "date": "2024-07-12", "close": 245.26317, "volume": 7491, "typical_volume": 6999.5, "trend": 220.424671, "fair_value": 182.096703, "relative_strength": 3.097269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.116447, "energy": 89.704033, "activity_lines": [ 242.270874, 238.16443, 231.747136, 227.43331 ] }, { "date": "2024-07-19", "close": 237.581603, "volume": 4592, "typical_volume": 6819.0, "trend": 221.756284, "fair_value": 182.500171, "relative_strength": 1.777613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.234567, "energy": 66.123533, "activity_lines": [ 241.148966, 238.705994, 232.679661, 228.540209 ] }, { "date": "2024-07-26", "close": 234.249801, "volume": 4801, "typical_volume": 6581.85, "trend": 222.962322, "fair_value": 182.879581, "relative_strength": 1.110065, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.634591, "energy": 56.954432, "activity_lines": [ 238.924401, 238.396643, 233.21938, 229.346242 ] }, { "date": "2024-08-02", "close": 227.520557, "volume": 5538, "typical_volume": 6707.95, "trend": 224.090592, "fair_value": 183.200413, "relative_strength": 0.265167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.354628, "energy": 25.942775, "activity_lines": [ 234.773098, 236.734608, 233.053125, 229.640322 ] }, { "date": "2024-08-09", "close": 229.078009, "volume": 5239, "typical_volume": 6849.45, "trend": 225.063995, "fair_value": 183.523076, "relative_strength": 0.847305, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.502148, "energy": 26.154174, "activity_lines": [ 231.90987, 235.396496, 232.997475, 229.96209 ] }, { "date": "2024-08-16", "close": 240.427058, "volume": 3507, "typical_volume": 6713.1, "trend": 226.283377, "fair_value": 183.933282, "relative_strength": 1.674483, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.665616, "energy": 28.304452, "activity_lines": [ 233.806013, 236.098881, 234.01039, 230.953256 ] }, { "date": "2024-08-23", "close": 244.300809, "volume": 12152, "typical_volume": 6417.6, "trend": 227.559652, "fair_value": 184.336738, "relative_strength": 1.781523, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.965396, "energy": 28.466547, "activity_lines": [ 237.315815, 237.360962, 235.322674, 232.115671 ] }, { "date": "2024-08-30", "close": 243.329886, "volume": 9493, "typical_volume": 6575.05, "trend": 228.651031, "fair_value": 184.734786, "relative_strength": 1.027226, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.02467, "energy": 44.525073, "activity_lines": [ 240.054028, 238.32651, 236.44845, 233.133105 ] }, { "date": "2024-09-06", "close": 229.71089, "volume": 13771, "typical_volume": 6813.2, "trend": 229.127756, "fair_value": 185.065961, "relative_strength": -0.556768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.877007, "energy": 30.414068, "activity_lines": [ 237.647236, 236.73706, 236.174283, 233.201483 ] }, { "date": "2024-09-13", "close": 242.446746, "volume": 5052, "typical_volume": 6796.6, "trend": 230.084718, "fair_value": 185.481919, "relative_strength": 0.825862, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.242768, "energy": 37.860249, "activity_lines": [ 239.339708, 237.633102, 237.025371, 234.060773 ] }, { "date": "2024-09-20", "close": 246.314298, "volume": 4457, "typical_volume": 6815.9, "trend": 231.025384, "fair_value": 185.911407, "relative_strength": 0.91445, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.056052, "energy": 41.90793, "activity_lines": [ 241.430115, 239.255547, 238.131882, 235.107843 ] }, { "date": "2024-09-27", "close": 247.547683, "volume": 6734, "typical_volume": 6082.0, "trend": 231.886022, "fair_value": 186.369437, "relative_strength": 0.768329, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.614957, "energy": 41.934061, "activity_lines": [ 243.539167, 241.083132, 239.226949, 236.173797 ] }, { "date": "2024-10-04", "close": 249.215394, "volume": 8740, "typical_volume": 6331.0, "trend": 232.840532, "fair_value": 186.827676, "relative_strength": 1.101384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.357933, "energy": 67.248741, "activity_lines": [ 245.987665, 243.032735, 240.369186, 237.291821 ] }, { "date": "2024-10-11", "close": 253.910687, "volume": 14184, "typical_volume": 6823.75, "trend": 233.984277, "fair_value": 187.294532, "relative_strength": 1.735835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.116511, "energy": 75.08922, "activity_lines": [ 249.608893, 245.563927, 241.853495, 238.651186 ] }, { "date": "2024-10-18", "close": 255.493276, "volume": 5866, "typical_volume": 6948.2, "trend": 234.950852, "fair_value": 187.750441, "relative_strength": 1.401998, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.299846, "energy": 79.751361, "activity_lines": [ 252.144332, 247.903042, 243.373533, 240.038863 ] }, { "date": "2024-10-25", "close": 252.641953, "volume": 18318, "typical_volume": 7528.8, "trend": 235.844941, "fair_value": 188.166024, "relative_strength": 1.142235, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.035832, "energy": 75.349099, "activity_lines": [ 252.85956, 249.243456, 244.490213, 241.180225 ] }, { "date": "2024-11-01", "close": 248.881418, "volume": 22211, "typical_volume": 8434.45, "trend": 236.655901, "fair_value": 188.52681, "relative_strength": 0.955404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.537443, "energy": 65.730343, "activity_lines": [ 251.899433, 249.678048, 245.152704, 242.021288 ] }, { "date": "2024-11-08", "close": 262.938891, "volume": 14352, "typical_volume": 8959.75, "trend": 238.029801, "fair_value": 188.984699, "relative_strength": 1.741302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.403601, "energy": 76.862187, "activity_lines": [ 255.536215, 252.585261, 247.100761, 243.716965 ] }, { "date": "2024-11-15", "close": 256.775129, "volume": 16595, "typical_volume": 9566.1, "trend": 239.545729, "fair_value": 189.402695, "relative_strength": 1.393959, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.962818, "energy": 60.15369, "activity_lines": [ 256.20351, 254.015261, 248.347773, 244.926341 ] }, { "date": "2024-11-22", "close": 261.424261, "volume": 7692, "typical_volume": 9539.25, "trend": 240.968721, "fair_value": 189.878532, "relative_strength": 1.460976, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.435067, "energy": 66.78098, "activity_lines": [ 258.229552, 255.798482, 249.953176, 246.337859 ] }, { "date": "2024-11-29", "close": 263.630022, "volume": 11827, "typical_volume": 9756.05, "trend": 242.44828, "fair_value": 190.388942, "relative_strength": 1.040989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.179145, "energy": 79.133855, "activity_lines": [ 260.595449, 257.637704, 251.684362, 247.799878 ] }, { "date": "2024-12-06", "close": 267.551134, "volume": 11482, "typical_volume": 10100.55, "trend": 243.896675, "fair_value": 190.880243, "relative_strength": 1.563693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.965638, "energy": 86.50664, "activity_lines": [ 263.535846, 259.875025, 253.701525, 249.419417 ] }, { "date": "2024-12-13", "close": 265.070775, "volume": 32125, "typical_volume": 11466.75, "trend": 245.160879, "fair_value": 191.387881, "relative_strength": 1.141886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.45541, "energy": 86.152814, "activity_lines": [ 264.404809, 261.297672, 255.339752, 250.785488 ] }, { "date": "2024-12-20", "close": 259.032081, "volume": 22591, "typical_volume": 12319.4, "trend": 246.136553, "fair_value": 191.822235, "relative_strength": 0.617255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.584475, "energy": 66.791657, "activity_lines": [ 263.118747, 261.334095, 256.256098, 251.680404 ] }, { "date": "2024-12-27", "close": 261.517241, "volume": 7247, "typical_volume": 12419.8, "trend": 247.259969, "fair_value": 192.262714, "relative_strength": 0.845824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.911789, "energy": 52.127258, "activity_lines": [ 262.51061, 261.729249, 257.259072, 252.672707 ] }, { "date": "2025-01-03", "close": 261.732483, "volume": 27253, "typical_volume": 13607.1, "trend": 248.23529, "fair_value": 192.723123, "relative_strength": 1.347943, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.869638, "energy": 38.881609, "activity_lines": [ 261.96802, 262.054011, 258.128072, 253.606417 ] }, { "date": "2025-01-10", "close": 256.196716, "volume": 16381, "typical_volume": 13818.55, "trend": 248.851823, "fair_value": 193.149787, "relative_strength": 1.088623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.036299, "energy": 25.303029, "activity_lines": [ 259.706678, 261.206988, 258.368402, 254.120058 ] }, { "date": "2025-01-17", "close": 264.235195, "volume": 17725, "typical_volume": 14230.15, "trend": 249.693164, "fair_value": 193.706337, "relative_strength": 1.21529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.021564, "energy": 29.981977, "activity_lines": [ 260.88179, 261.688501, 259.317654, 255.112533 ] }, { "date": "2025-01-24", "close": 269.356396, "volume": 12204, "typical_volume": 14151.8, "trend": 250.70323, "fair_value": 194.288575, "relative_strength": 1.346979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.965883, "energy": 42.323669, "activity_lines": [ 263.819674, 263.077572, 260.65509, 256.381129 ] }, { "date": "2025-01-31", "close": 264.602005, "volume": 25025, "typical_volume": 15150.45, "trend": 251.399186, "fair_value": 194.813981, "relative_strength": 0.539144, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.166185, "energy": 37.044567, "activity_lines": [ 264.484474, 263.373459, 261.350939, 257.277824 ] }, { "date": "2025-02-07", "close": 265.452786, "volume": 24218, "typical_volume": 16138.5, "trend": 252.072173, "fair_value": 195.366048, "relative_strength": 1.009558, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.929969, "energy": 42.881902, "activity_lines": [ 265.227216, 263.766255, 262.022314, 258.184508 ] }, { "date": "2025-02-14", "close": 270.4766, "volume": 13473, "typical_volume": 16475.45, "trend": 253.168673, "fair_value": 195.970689, "relative_strength": 1.368122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.490104, "energy": 59.222963, "activity_lines": [ 267.396543, 265.039331, 263.081011, 259.37189 ] }, { "date": "2025-02-21", "close": 262.831429, "volume": 10634, "typical_volume": 16570.15, "trend": 254.121394, "fair_value": 196.516075, "relative_strength": 0.091534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.604999, "energy": 36.643648, "activity_lines": [ 266.065487, 264.869186, 263.302412, 259.995294 ] }, { "date": "2025-02-28", "close": 258.041148, "volume": 11853, "typical_volume": 16453.6, "trend": 255.138747, "fair_value": 197.042428, "relative_strength": -0.764374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.369701, "energy": 18.41017, "activity_lines": [ 263.231256, 263.868796, 263.002757, 260.248181 ] }, { "date": "2025-03-07", "close": 245.940669, "volume": 73736, "typical_volume": 19847.1, "trend": 255.700835, "fair_value": 197.519343, "relative_strength": -2.378159, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -11.424935, "energy": 16.942029, "activity_lines": [ 257.117881, 260.686336, 261.531007, 259.654757 ] }, { "date": "2025-03-14", "close": 241.890039, "volume": 12181, "typical_volume": 19540.25, "trend": 255.749601, "fair_value": 197.902705, "relative_strength": -1.727424, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.605587, "energy": 40.221759, "activity_lines": [ 250.898385, 257.050608, 259.718971, 258.763738 ] }, { "date": "2025-03-21", "close": 242.71195, "volume": 13010, "typical_volume": 19080.2, "trend": 255.696639, "fair_value": 198.271789, "relative_strength": -1.851197, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.715171, "energy": 60.969602, "activity_lines": [ 246.523709, 253.92509, 258.036412, 257.922599 ] }, { "date": "2025-03-28", "close": 237.685735, "volume": 12339, "typical_volume": 18979.55, "trend": 255.508501, "fair_value": 198.611019, "relative_strength": -2.404121, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.423743, "energy": 73.564634, "activity_lines": [ 242.324605, 250.130893, 255.904544, 256.760605 ] }, { "date": "2025-04-04", "close": 213.928133, "volume": 18535, "typical_volume": 19076.55, "trend": 254.982409, "fair_value": 198.816671, "relative_strength": -3.336164, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -94.276955, "energy": 93.642377, "activity_lines": [ 231.88268, 242.499848, 251.6303, 254.078001 ] }, { "date": "2025-04-11", "close": 229.501241, "volume": 36606, "typical_volume": 20522.25, "trend": 254.550892, "fair_value": 199.150268, "relative_strength": -1.823853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.690503, "energy": 80.32352, "activity_lines": [ 229.572659, 238.708065, 249.043243, 252.434055 ] }, { "date": "2025-04-18", "close": 225.268203, "volume": 8347, "typical_volume": 20348.25, "trend": 253.849356, "fair_value": 199.487115, "relative_strength": -2.238138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.135411, "energy": 80.683138, "activity_lines": [ 226.947587, 234.784834, 246.205054, 250.544849 ] }, { "date": "2025-04-25", "close": 235.41227, "volume": 14440, "typical_volume": 20496.15, "trend": 253.444842, "fair_value": 199.92553, "relative_strength": -2.295766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.102501, "energy": 56.552539, "activity_lines": [ 228.811992, 233.436608, 244.515642, 249.355359 ] }, { "date": "2025-05-02", "close": 242.652609, "volume": 6442, "typical_volume": 19212.0, "trend": 253.226082, "fair_value": 200.407149, "relative_strength": -2.128916, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.255785, "energy": 41.311949, "activity_lines": [ 233.57649, 234.04234, 243.668828, 248.659086 ] }, { "date": "2025-05-09", "close": 241.459183, "volume": 11195, "typical_volume": 18642.2, "trend": 252.811032, "fair_value": 200.91294, "relative_strength": -2.158813, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.08659, "energy": 28.038654, "activity_lines": [ 237.612054, 234.797973, 242.815108, 247.899932 ] }, { "date": "2025-05-16", "close": 254.728497, "volume": 7384, "typical_volume": 18649.05, "trend": 252.78554, "fair_value": 201.536969, "relative_strength": -1.944039, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.428542, "energy": 21.24002, "activity_lines": [ 244.235319, 238.2677, 243.308812, 248.023639 ] }, { "date": "2025-05-23", "close": 248.091164, "volume": 5913, "typical_volume": 17582.05, "trend": 252.633847, "fair_value": 202.047086, "relative_strength": -1.962766, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.813804, "energy": 24.185618, "activity_lines": [ 246.964323, 240.370859, 243.202717, 247.720776 ] }, { "date": "2025-05-30", "close": 253.335952, "volume": 4754, "typical_volume": 17000.7, "trend": 252.782331, "fair_value": 202.60504, "relative_strength": -1.603216, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.260535, "energy": 20.680211, "activity_lines": [ 249.920059, 243.314869, 243.661084, 247.766073 ] }, { "date": "2025-06-06", "close": 256.247114, "volume": 7245, "typical_volume": 16476.7, "trend": 252.559272, "fair_value": 203.228339, "relative_strength": -2.035359, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.846983, "energy": 30.219794, "activity_lines": [ 252.65127, 246.595017, 244.410327, 247.989607 ] }, { "date": "2025-06-13", "close": 254.995905, "volume": 14067, "typical_volume": 16569.85, "trend": 252.499965, "fair_value": 203.907792, "relative_strength": -2.09369, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.437363, "energy": 30.919178, "activity_lines": [ 254.059111, 249.310193, 245.078446, 248.14681 ] }, { "date": "2025-06-20", "close": 254.568131, "volume": 12846, "typical_volume": 15960.9, "trend": 252.271427, "fair_value": 204.526824, "relative_strength": -2.031771, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.735309, "energy": 36.514615, "activity_lines": [ 254.421912, 251.200905, 245.774208, 248.28024 ] }, { "date": "2025-06-27", "close": 262.954338, "volume": 11222, "typical_volume": 15311.1, "trend": 252.248904, "fair_value": 205.218261, "relative_strength": -2.125935, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.032696, "energy": 49.35946, "activity_lines": [ 257.590807, 254.160621, 247.316437, 248.96946 ] }, { "date": "2025-07-04", "close": 267.025491, "volume": 4619, "typical_volume": 14868.4, "trend": 252.231383, "fair_value": 205.913874, "relative_strength": -2.191361, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.916231, "energy": 61.086337, "activity_lines": [ 261.125875, 257.175344, 249.258291, 249.922788 ] }, { "date": "2025-07-11", "close": 265.457087, "volume": 4211, "typical_volume": 14547.25, "trend": 252.24426, "fair_value": 206.612053, "relative_strength": -2.421385, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.074451, "energy": 73.012141, "activity_lines": [ 263.225505, 259.330116, 251.067208, 250.776059 ] }, { "date": "2025-07-18", "close": 267.677634, "volume": 4337, "typical_volume": 14171.45, "trend": 252.532445, "fair_value": 207.306241, "relative_strength": -2.175921, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.588741, "energy": 78.350402, "activity_lines": [ 265.45132, 261.473998, 253.075103, 251.771761 ] }, { "date": "2025-07-25", "close": 270.903971, "volume": 4493, "typical_volume": 10709.3, "trend": 252.845336, "fair_value": 207.975076, "relative_strength": -2.431506, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.57765, "energy": 92.078666, "activity_lines": [ 267.907131, 263.727787, 255.344379, 252.957021 ] }, { "date": "2025-08-01", "close": 266.5533, "volume": 2346, "typical_volume": 10217.55, "trend": 253.00603, "fair_value": 208.620661, "relative_strength": -1.6083, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.244892, "energy": 85.734024, "activity_lines": [ 267.823663, 264.896445, 257.080433, 253.841405 ] }, { "date": "2025-08-08", "close": 272.746527, "volume": 3949, "typical_volume": 9764.5, "trend": 253.55769, "fair_value": 209.271809, "relative_strength": -1.734254, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.997297, "energy": 88.895785, "activity_lines": [ 269.564674, 266.855469, 259.288874, 255.114986 ] }, { "date": "2025-08-15", "close": 273.763644, "volume": 5533, "typical_volume": 9424.2, "trend": 253.875305, "fair_value": 209.931137, "relative_strength": -2.268452, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.393422, "energy": 90.165143, "activity_lines": [ 271.26332, 268.646505, 261.451162, 256.418596 ] }, { "date": "2025-08-22", "close": 273.249621, "volume": 9073, "typical_volume": 8951.1, "trend": 254.005079, "fair_value": 210.62092, "relative_strength": -2.663435, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.420346, "energy": 79.591853, "activity_lines": [ 272.236856, 270.025599, 263.392695, 257.668552 ] }, { "date": "2025-08-29", "close": 272.629374, "volume": 3504, "typical_volume": 7296.0, "trend": 254.272658, "fair_value": 211.342104, "relative_strength": -2.783368, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.252832, "energy": 81.353099, "activity_lines": [ 272.632176, 270.960035, 264.992674, 258.870119 ] }, { "date": "2025-09-05", "close": 273.849, "volume": 6629, "typical_volume": 7210.1, "trend": 254.552532, "fair_value": 212.036925, "relative_strength": -2.647501, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.398507, "energy": 75.596085, "activity_lines": [ 273.319012, 271.787836, 266.503436, 260.133109 ] }, { "date": "2025-09-12", "close": 281.25311, "volume": 6917, "typical_volume": 6833.95, "trend": 254.911749, "fair_value": 212.819889, "relative_strength": -1.523184, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.606053, "energy": 72.474895, "activity_lines": [ 275.987504, 273.763753, 268.488014, 261.855727 ] }, { "date": "2025-09-19", "close": 284.658505, "volume": 8864, "typical_volume": 6955.05, "trend": 255.639318, "fair_value": 213.668789, "relative_strength": -1.504373, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.390902, "energy": 73.831386, "activity_lines": [ 279.224022, 276.100149, 270.578626, 263.774872 ] }, { "date": "2025-09-26", "close": 282.54708, "volume": 4603, "typical_volume": 6625.45, "trend": 256.456183, "fair_value": 214.52765, "relative_strength": -1.907429, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.488555, "energy": 79.209794, "activity_lines": [ 281.030408, 277.703533, 272.268121, 265.510857 ] }, { "date": "2025-10-03", "close": 284.093551, "volume": 4325, "typical_volume": 6472.5, "trend": 257.727945, "fair_value": 215.38107, "relative_strength": -2.392013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.121872, "energy": 86.152474, "activity_lines": [ 282.732454, 279.31774, 273.909243, 267.293913 ] }, { "date": "2025-10-10", "close": 278.269364, "volume": 15333, "typical_volume": 6943.5, "trend": 258.940589, "fair_value": 216.205681, "relative_strength": -1.947851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.18491, "energy": 66.035058, "activity_lines": [ 281.728826, 279.633193, 274.855847, 268.619166 ] }, { "date": "2025-10-17", "close": 282.735099, "volume": 7209, "typical_volume": 7066.25, "trend": 260.274694, "fair_value": 217.017935, "relative_strength": -2.00645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.327543, "energy": 63.507323, "activity_lines": [ 281.919085, 280.547579, 276.084053, 270.154295 ] }, { "date": "2025-10-24", "close": 288.249275, "volume": 10910, "typical_volume": 7249.5, "trend": 261.960146, "fair_value": 217.81705, "relative_strength": -1.922938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.386284, "energy": 67.223811, "activity_lines": [ 283.848603, 282.282931, 277.697423, 271.959107 ] }, { "date": "2025-10-31", "close": 293.362219, "volume": 5287, "typical_volume": 6810.5, "trend": 264.607949, "fair_value": 218.674847, "relative_strength": -0.838824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.680851, "energy": 71.653791, "activity_lines": [ 287.243051, 284.684535, 279.645348, 273.985047 ] }, { "date": "2025-11-07", "close": 286.28026, "volume": 16480, "typical_volume": 6992.2, "trend": 266.500583, "fair_value": 219.4493, "relative_strength": -1.553743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.397297, "energy": 60.280911, "activity_lines": [ 287.555838, 285.432827, 280.736105, 275.383261 ] }, { "date": "2025-11-14", "close": 284.858969, "volume": 4637, "typical_volume": 6662.95, "trend": 268.486941, "fair_value": 220.211757, "relative_strength": -2.096715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.448978, "energy": 54.118414, "activity_lines": [ 287.249079, 285.674503, 281.54049, 276.567673 ] }, { "date": "2025-11-21", "close": 277.831982, "volume": 6706, "typical_volume": 6767.3, "trend": 269.900932, "fair_value": 220.912795, "relative_strength": -2.544336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.092889, "energy": 35.8904, "activity_lines": [ 284.160685, 284.438365, 281.571331, 277.170579 ] }, { "date": "2025-11-28", "close": 291.198414, "volume": 6949, "typical_volume": 6904.2, "trend": 271.519125, "fair_value": 221.691984, "relative_strength": -1.423542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.255622, "energy": 38.213708, "activity_lines": [ 285.854643, 285.694689, 282.823706, 278.54461 ] }, { "date": "2025-12-05", "close": 292.951128, "volume": 7730, "typical_volume": 7073.85, "trend": 273.235524, "fair_value": 222.515433, "relative_strength": -1.082398, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.402846, "energy": 41.876974, "activity_lines": [ 287.936229, 287.150781, 284.120428, 279.92732 ] }, { "date": "2025-12-12", "close": 289.519394, "volume": 29669, "typical_volume": 8332.65, "trend": 274.39522, "fair_value": 223.335082, "relative_strength": -1.592825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.815014, "energy": 39.20476, "activity_lines": [ 288.90131, 287.793757, 284.969968, 280.977892 ] }, { "date": "2025-12-19", "close": 290.864005, "volume": 14703, "typical_volume": 8950.5, "trend": 275.820981, "fair_value": 224.160198, "relative_strength": -1.185046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.34661, "energy": 44.701482, "activity_lines": [ 290.098653, 288.582556, 285.858922, 282.040394 ] }, { "date": "2025-12-26", "close": 295.815161, "volume": 5604, "typical_volume": 9033.25, "trend": 277.236955, "fair_value": 225.019856, "relative_strength": -0.846905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.270869, "energy": 56.617455, "activity_lines": [ 292.546045, 290.042572, 287.103649, 283.330341 ] }, { "date": "2026-01-02", "close": 292.161455, "volume": 2078, "typical_volume": 8860.5, "trend": 278.4341, "fair_value": 225.845804, "relative_strength": -0.961395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.229258, "energy": 41.558376, "activity_lines": [ 292.576657, 290.600458, 287.890554, 284.293212 ] }, { "date": "2026-01-09", "close": 297.017429, "volume": 23449, "typical_volume": 9579.3, "trend": 279.834817, "fair_value": 226.686369, "relative_strength": -0.814427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.37922, "energy": 47.621942, "activity_lines": [ 294.161723, 291.970118, 289.052323, 285.492137 ] }, { "date": "2026-01-16", "close": 296.970428, "volume": 5653, "typical_volume": 9686.75, "trend": 281.248227, "fair_value": 227.539211, "relative_strength": -0.4047, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.018741, "energy": 49.218284, "activity_lines": [ 295.460037, 293.264774, 290.096437, 286.59766 ] }, { "date": "2026-01-23", "close": 295.101464, "volume": 6387, "typical_volume": 9674.65, "trend": 282.319798, "fair_value": 228.3661, "relative_strength": -0.593575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.916045, "energy": 40.520574, "activity_lines": [ 295.638626, 294.025252, 290.846644, 287.491417 ] }, { "date": "2026-01-30", "close": 296.856368, "volume": 7505, "typical_volume": 9704.05, "trend": 283.314161, "fair_value": 229.201493, "relative_strength": -0.328004, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.982116, "energy": 41.208666, "activity_lines": [ 296.119686, 294.918576, 291.662782, 288.42926 ] }, { "date": "2026-02-06", "close": 297.802875, "volume": 7980, "typical_volume": 9659.85, "trend": 284.392354, "fair_value": 230.042834, "relative_strength": 0.2561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.360172, "energy": 40.513395, "activity_lines": [ 296.846835, 295.638094, 292.494763, 289.364016 ] }, { "date": "2026-02-13", "close": 293.324106, "volume": 4596, "typical_volume": 9659.5, "trend": 285.247236, "fair_value": 230.859626, "relative_strength": 0.116192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.404744, "energy": 32.967222, "activity_lines": [ 295.704966, 295.42321, 292.837602, 289.940258 ] }, { "date": "2026-02-20", "close": 297.751383, "volume": 3205, "typical_volume": 9603.5, "trend": 286.14215, "fair_value": 231.727858, "relative_strength": 0.546247, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.595555, "energy": 35.550632, "activity_lines": [ 296.285078, 296.006503, 293.550767, 290.746978 ] }, { "date": "2026-02-27", "close": 294.350345, "volume": 4920, "typical_volume": 9082.85, "trend": 287.068718, "fair_value": 232.558273, "relative_strength": -0.057801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.28531, "energy": 26.154848, "activity_lines": [ 295.679446, 295.821754, 293.874987, 291.276539 ] }, { "date": "2026-03-06", "close": 287.295003, "volume": 6006, "typical_volume": 9022.7, "trend": 287.553667, "fair_value": 233.390644, "relative_strength": -0.457623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.697211, "energy": 12.843849, "activity_lines": [ 292.772109, 294.290827, 293.450693, 291.291138 ] }, { "date": "2026-03-13", "close": 285.100324, "volume": 5683, "typical_volume": 8761.35, "trend": 287.931556, "fair_value": 234.214143, "relative_strength": 0.306435, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.636174, "energy": 11.727697, "activity_lines": [ 289.770636, 292.515779, 292.795668, 291.132857 ] }, { "date": "2026-03-20", "close": 279.840002, "volume": 8626, "typical_volume": 8928.3, "trend": 288.151236, "fair_value": 234.991683, "relative_strength": 0.277782, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.684217, "energy": 36.199885, "activity_lines": [ 285.862559, 289.912694, 291.654655, 290.610822 ] }, { "date": "2026-03-27", "close": 273.5678, "volume": 6606, "typical_volume": 8434.6, "trend": 288.182517, "fair_value": 235.693286, "relative_strength": 0.274307, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.450969, "energy": 62.074371, "activity_lines": [ 280.762689, 286.481525, 289.980682, 289.669955 ] }, { "date": "2026-04-03", "close": 284.2136, "volume": 4198, "typical_volume": 8412.65, "trend": 288.528003, "fair_value": 236.458737, "relative_strength": 0.700063, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.602956, "energy": 56.30874, "activity_lines": [ 280.823657, 285.411458, 289.381129, 289.413896 ] }, { "date": "2026-04-10", "close": 298.0239, "volume": 8154, "typical_volume": 8485.05, "trend": 289.08703, "fair_value": 237.301018, "relative_strength": 1.90334, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 2.917683, "energy": 15.554934, "activity_lines": [ 286.163842, 287.050316, 290.099916, 290.026534 ] }, { "date": "2026-04-17", "close": 312.8901, "volume": 5506, "typical_volume": 8412.9, "trend": 290.028083, "fair_value": 238.238679, "relative_strength": 2.328943, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 59.830112, "energy": 34.193251, "activity_lines": [ 295.744167, 291.370892, 292.13838, 291.562216 ] }, { "date": "2026-04-24", "close": 310.488519, "volume": 8994, "typical_volume": 8476.1, "trend": 290.959464, "fair_value": 239.153125, "relative_strength": 0.991925, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.160127, "energy": 55.155701, "activity_lines": [ 302.671313, 294.980503, 293.844829, 292.882244 ] }, { "date": "2026-05-01", "close": 311.283405, "volume": 2051, "typical_volume": 7095.2, "trend": 291.865793, "fair_value": 240.079527, "relative_strength": 0.312671, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.539241, "energy": 76.794275, "activity_lines": [ 307.820187, 298.422559, 295.543469, 294.193466 ] }, { "date": "2026-05-08", "close": 313.472807, "volume": 3379, "typical_volume": 6529.0, "trend": 293.039241, "fair_value": 241.02213, "relative_strength": -1.271502, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.018725, "energy": 84.973305, "activity_lines": [ 311.184487, 302.016651, 297.346985, 295.587467 ] }, { "date": "2026-05-15", "close": 312.968313, "volume": 7396, "typical_volume": 6618.6, "trend": 294.047014, "fair_value": 241.94306, "relative_strength": -1.592226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.510311, "energy": 83.265398, "activity_lines": [ 312.43001, 305.171336, 298.994794, 296.873214 ] }, { "date": "2026-05-22", "close": 318.131233, "volume": 4994, "typical_volume": 6764.4, "trend": 295.04308, "fair_value": 242.889653, "relative_strength": -0.807286, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.23309, "energy": 85.409007, "activity_lines": [ 314.400211, 308.797946, 301.052627, 298.427034 ] }, { "date": "2026-05-29", "close": 321.992379, "volume": 2551, "typical_volume": 5719.5, "trend": 295.997418, "fair_value": 243.843155, "relative_strength": -1.001691, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.103783, "energy": 86.211104, "activity_lines": [ 317.308052, 312.526021, 303.354523, 300.165699 ] }, { "date": "2026-06-05", "close": 316.250272, "volume": 11902, "typical_volume": 6031.95, "trend": 296.996419, "fair_value": 244.755976, "relative_strength": -0.254539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.257856, "energy": 69.879491, "activity_lines": [ 317.534934, 314.44367, 304.990624, 301.472335 ] }, { "date": "2026-06-12", "close": 314.25443, "volume": 5670, "typical_volume": 5996.1, "trend": 297.976267, "fair_value": 245.625576, "relative_strength": -1.40837, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.188501, "energy": 58.185308, "activity_lines": [ 316.76541, 315.222393, 306.344835, 302.585755 ] }, { "date": "2026-06-19", "close": 313.207048, "volume": 6229, "typical_volume": 5932.3, "trend": 299.155436, "fair_value": 246.504235, "relative_strength": -2.582346, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.872814, "energy": 51.576082, "activity_lines": [ 315.594651, 315.264486, 307.508091, 303.568386 ] }, { "date": "2026-06-26", "close": 303.6916, "volume": 5120, "typical_volume": 5789.3, "trend": 299.571876, "fair_value": 247.291484, "relative_strength": -3.173846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.377897, "energy": 27.907694, "activity_lines": [ 311.23616, 313.30044, 307.687254, 303.861041 ] }, { "date": "2026-07-03", "close": 304.7908, "volume": 4006, "typical_volume": 5759.8, "trend": 299.966532, "fair_value": 248.102632, "relative_strength": -4.787898, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.296706, "energy": 27.103095, "activity_lines": [ 308.206712, 311.703495, 307.943061, 304.197746 ] }, { "date": "2026-07-10", "close": 310.8106, "volume": 4629, "typical_volume": 5831.0, "trend": 300.676238, "fair_value": 248.923778, "relative_strength": -4.135226, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.995527, "energy": 26.955153, "activity_lines": [ 308.330635, 311.304653, 308.717579, 304.897363 ] }, { "date": "2026-07-17", "close": 302.38, "volume": 9026, "typical_volume": 6036.3, "trend": 301.060105, "fair_value": 249.682017, "relative_strength": -5.168755, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.474693, "energy": 23.563562, "activity_lines": [ 306.007003, 309.381572, 308.626995, 305.007284 ] }, { "date": "2026-07-24", "close": 301.0578, "volume": 8073, "typical_volume": 6139.65, "trend": 301.23486, "fair_value": 250.418962, "relative_strength": -4.930471, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.127408, "energy": 19.78593, "activity_lines": [ 304.034267, 307.419778, 308.372252, 305.007135 ] }, { "date": "2026-07-31", "close": 299.6171, "volume": 5177, "typical_volume": 6114.35, "trend": 301.483381, "fair_value": 251.175446, "relative_strength": -6.27507, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.773043, "energy": 20.76458, "activity_lines": [ 302.391247, 305.412593, 307.914762, 304.902763 ] }, { "date": "2026-08-07", "close": 308.0868, "volume": 3641, "typical_volume": 5865.1, "trend": 301.85236, "fair_value": 251.993487, "relative_strength": -6.750784, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.307819, "energy": 16.370303, "activity_lines": [ 303.843093, 305.281974, 308.194782, 305.32879 ] } ], "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." } } }