{ "ticker": { "uuid": "31661fea-a234-4575-81d0-d4b91638a86e", "symbol": "BOIL", "name": "PROSHARES ULTRA BLOOMBERG NATURAL GAS", "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -78.754, "architecture_energy": 82.743, "architecture_maturity": 66.0, "architecture_confidence": 83.474, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 6.25, "rotation_up": 11.19, "upward_expansion": 18.47, "deceleration": 37.85, "rotation_down": 80.95, "downward_expansion": 96.47 }, "activity_lines": [ 20.863333, 22.972, 24.865619, 27.32628 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -1.0 }, "latest_close": 19.12, "trend_reference": 32.052, "distance_from_trend": -0.403469, "trend_direction": "Weakening", "fair_value": 151.38641, "distance_from_fair_value": -0.873701, "fair_value_direction": "Improving", "relative_strength": -61.09012, "relative_strength_direction": "Improving", "price_momentum": -0.566046, "excess_performance": -0.691671, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.403469, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.264452, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.873701, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.000795, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.610901, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.029196, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.566046, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.574869, "read": "Supply-led" } ], "volume": { "latest": 23571095, "relative_activity": 0.715766, "balance": 0.574869, "dry_up": 0.654864, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.186434, "annualized_volatility": 0.609255, "from_high_reference": -0.795942, "from_low_reference": 0.038566 }, "levels": { "trend_reference": 32.052, "fair_value_reference": 151.38641, "structural_low": 18.41, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 39, "median_return": -0.045621, "positive_rate": 0.384615, "directional_follow_through": 0.615385, "median_excess_return": -0.051107, "regime_survival": 0.820513, "best_return": 0.400509, "worst_return": -0.651376, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.20927, "positive_rate": 0.214286, "directional_follow_through": 0.785714, "median_excess_return": -0.300296, "regime_survival": 0.785714, "best_return": 1.645395, "worst_return": -0.783162, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.306923, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.424528, "regime_survival": 0.75, "best_return": 2.143582, "worst_return": -0.932768, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.700447, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.850925, "regime_survival": 0.75, "best_return": -0.483404, "worst_return": -0.860481, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-14", "end": "2024-06-21", "tenure": "New", "return": -0.09498, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-07-12", "tenure": "New", "return": -0.209955, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-19", "end": "2024-12-20", "tenure": "Established", "return": -0.054272, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-01-10", "tenure": "New", "return": 0.271176, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": -0.027452, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-04-04", "tenure": "Developing", "return": 0.408828, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-06-06", "tenure": "Developing", "return": -0.086373, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": -0.12883, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-11", "end": "2025-11-21", "tenure": "Established", "return": -0.189908, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-01-02", "tenure": "Developing", "return": -0.393939, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-01-23", "tenure": "New", "return": 0.79911, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-06", "tenure": "New", "return": -0.458323, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": -0.133368, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-08-07", "tenure": "Established", "return": -0.518388, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 641.4, "volume": 13696230, "typical_volume": 183922449.05, "trend": 800.69, "fair_value": 7583.661923, "relative_strength": -86.681778, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.696348, "energy": 13.429944, "activity_lines": [ 650.533333, 642.058182, 629.734286, 676.260645 ] }, { "date": "2023-08-25", "close": 627.7, "volume": 17187240, "typical_volume": 166593689.65, "trend": 765.146667, "fair_value": 7527.608718, "relative_strength": -85.791645, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.499968, "energy": 11.605403, "activity_lines": [ 644.433333, 638.645455, 629.711905, 665.1 ] }, { "date": "2023-09-01", "close": 609.6, "volume": 21422263, "typical_volume": 145301291.15, "trend": 746.733333, "fair_value": 7468.362564, "relative_strength": -85.159085, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.184553, "energy": 11.814385, "activity_lines": [ 634.146667, 632.565455, 627.862381, 655.064731 ] }, { "date": "2023-09-08", "close": 557.6, "volume": 19432006, "typical_volume": 132095593.15, "trend": 720.92, "fair_value": 7419.61641, "relative_strength": -85.042206, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.573543, "energy": 29.928892, "activity_lines": [ 607.333333, 618.983636, 621.329048, 642.862581 ] }, { "date": "2023-09-15", "close": 545.5, "volume": 27583294, "typical_volume": 119413299.25, "trend": 704.97, "fair_value": 7374.087564, "relative_strength": -84.00027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.085412, "energy": 41.677158, "activity_lines": [ 578.9, 605.607273, 614.264286, 631.545161 ] }, { "date": "2023-09-22", "close": 522.9, "volume": 29316940, "typical_volume": 104873094.3, "trend": 682.666667, "fair_value": 7322.477949, "relative_strength": -82.90419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.458699, "energy": 54.494385, "activity_lines": [ 554.413333, 588.921818, 605.668571, 619.79871 ] }, { "date": "2023-09-29", "close": 543.8, "volume": 23330135, "typical_volume": 94140685.4, "trend": 648.393333, "fair_value": 7284.181795, "relative_strength": -80.559663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.012344, "energy": 57.034658, "activity_lines": [ 544.793333, 577.007273, 599.135238, 610.83957 ] }, { "date": "2023-10-06", "close": 688.4, "volume": 25839837, "typical_volume": 79143491.55, "trend": 637.406667, "fair_value": 7238.402308, "relative_strength": -73.384246, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.643984, "energy": 19.655422, "activity_lines": [ 588.966667, 593.412727, 606.679048, 613.420645 ] }, { "date": "2023-10-13", "close": 680.5, "volume": 14253222, "typical_volume": 67036813.25, "trend": 629.023333, "fair_value": 7190.379872, "relative_strength": -71.381384, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.47995, "energy": 9.507555, "activity_lines": [ 625.253333, 607.169091, 613.744762, 616.20086 ] }, { "date": "2023-10-20", "close": 579.2, "volume": 13088694, "typical_volume": 52261982.3, "trend": 621.196667, "fair_value": 7144.143974, "relative_strength": -73.516822, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.576996, "energy": 18.921111, "activity_lines": [ 619.58, 600.930909, 610.703333, 612.986452 ] }, { "date": "2023-10-27", "close": 640.9, "volume": 14859013, "typical_volume": 39959034.15, "trend": 618.493333, "fair_value": 7093.406154, "relative_strength": -67.914246, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.73578, "energy": 12.5139, "activity_lines": [ 632.226667, 608.429091, 613.037143, 614.257634 ] }, { "date": "2023-11-03", "close": 662.0, "volume": 16977804, "typical_volume": 26553704.2, "trend": 620.36, "fair_value": 7055.944615, "relative_strength": -65.686235, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.294582, "energy": 15.936156, "activity_lines": [ 644.04, 619.772727, 616.747619, 617.064516 ] }, { "date": "2023-11-10", "close": 503.8, "volume": 23894099, "typical_volume": 19939573.3, "trend": 614.953333, "fair_value": 7015.545897, "relative_strength": -72.109107, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.453515, "energy": 25.063112, "activity_lines": [ 595.24, 601.729091, 605.391429, 609.544516 ] }, { "date": "2023-11-17", "close": 454.3, "volume": 32322516, "typical_volume": 20712771.2, "trend": 607.163333, "fair_value": 6984.163205, "relative_strength": -72.798515, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.627639, "energy": 51.882043, "activity_lines": [ 542.246667, 576.609091, 590.33619, 599.179785 ] }, { "date": "2023-11-24", "close": 418.3, "volume": 20362201, "typical_volume": 20994809.85, "trend": 598.573333, "fair_value": 6951.20359, "relative_strength": -71.558619, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.335297, "energy": 70.439506, "activity_lines": [ 492.333333, 546.821818, 572.974286, 586.995054 ] }, { "date": "2023-12-01", "close": 353.9, "volume": 33198850, "typical_volume": 21711343.65, "trend": 592.436667, "fair_value": 6924.638846, "relative_strength": -73.459081, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.882385, "energy": 82.812721, "activity_lines": [ 431.68, 507.638182, 550.294286, 571.209677 ] }, { "date": "2023-12-08", "close": 298.3, "volume": 40282171, "typical_volume": 22711097.4, "trend": 582.113333, "fair_value": 6897.704872, "relative_strength": -74.781599, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.556865, "energy": 89.347632, "activity_lines": [ 371.626667, 461.418182, 523.378095, 552.233118 ] }, { "date": "2023-12-15", "close": 280.0, "volume": 50945183, "typical_volume": 24194248.1, "trend": 566.58, "fair_value": 6868.999744, "relative_strength": -73.362873, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.982857, "energy": 91.093689, "activity_lines": [ 329.72, 416.334545, 496.419524, 532.741935 ] }, { "date": "2023-12-22", "close": 285.8, "volume": 41852306, "typical_volume": 25173801.55, "trend": 556.64, "fair_value": 6843.511282, "relative_strength": -70.299972, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.035723, "energy": 89.418812, "activity_lines": [ 304.666667, 379.730909, 471.640476, 514.627097 ] }, { "date": "2023-12-29", "close": 284.4, "volume": 31993134, "typical_volume": 25591856.9, "trend": 550.32, "fair_value": 6818.324359, "relative_strength": -67.858457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.418862, "energy": 86.736148, "activity_lines": [ 290.38, 350.049091, 448.194762, 497.063226 ] }, { "date": "2024-01-05", "close": 353.9, "volume": 36210411, "typical_volume": 26717565.95, "trend": 545.183333, "fair_value": 6790.977564, "relative_strength": -56.874613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.697432, "energy": 74.46659, "activity_lines": [ 308.186667, 338.363636, 433.431429, 484.390968 ] }, { "date": "2024-01-12", "close": 363.4, "volume": 66436239, "typical_volume": 29180015.9, "trend": 535.23, "fair_value": 6762.454487, "relative_strength": -54.163259, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.670129, "energy": 54.174858, "activity_lines": [ 329.16, 333.623636, 420.941905, 472.663011 ] }, { "date": "2024-01-19", "close": 260.9, "volume": 45069158, "typical_volume": 30362360.65, "trend": 520.026667, "fair_value": 6738.896154, "relative_strength": -65.801541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.784952, "energy": 57.145663, "activity_lines": [ 311.626667, 315.676364, 399.949048, 454.964301 ] }, { "date": "2024-01-26", "close": 244.0, "volume": 56297103, "typical_volume": 32205615.5, "trend": 505.163333, "fair_value": 6713.024359, "relative_strength": -66.835578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.492355, "energy": 58.641546, "activity_lines": [ 289.733333, 299.072727, 379.007143, 437.156129 ] }, { "date": "2024-02-02", "close": 224.0, "volume": 57672755, "typical_volume": 33710088.55, "trend": 492.98, "fair_value": 6680.575641, "relative_strength": -69.031324, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.776475, "energy": 65.137423, "activity_lines": [ 263.96, 282.656364, 357.65381, 419.016559 ] }, { "date": "2024-02-09", "close": 177.0, "volume": 61361124, "typical_volume": 35312297.75, "trend": 479.67, "fair_value": 6647.376923, "relative_strength": -74.88623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.932098, "energy": 91.421131, "activity_lines": [ 226.546667, 261.227273, 333.355238, 398.630753 ] }, { "date": "2024-02-16", "close": 143.1, "volume": 80994676, "typical_volume": 38195524.8, "trend": 462.593333, "fair_value": 6611.909615, "relative_strength": -78.975837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.10987, "energy": 93.675919, "activity_lines": [ 189.626667, 236.850909, 307.475238, 376.916559 ] }, { "date": "2024-02-23", "close": 147.3, "volume": 58722881, "typical_volume": 39839677.0, "trend": 446.78, "fair_value": 6581.033333, "relative_strength": -77.850399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.314227, "energy": 91.410941, "activity_lines": [ 168.793333, 216.06, 283.903333, 356.575054 ] }, { "date": "2024-03-01", "close": 167.3, "volume": 52525058, "typical_volume": 41753268.8, "trend": 432.563333, "fair_value": 6551.695513, "relative_strength": -73.688472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.105409, "energy": 87.44211, "activity_lines": [ 162.2, 201.318182, 264.812857, 338.544086 ] }, { "date": "2024-03-08", "close": 157.3, "volume": 44517719, "typical_volume": 43324720.05, "trend": 413.883333, "fair_value": 6524.819231, "relative_strength": -74.259969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.883575, "energy": 80.47891, "activity_lines": [ 157.386667, 186.912727, 247.21381, 320.785161 ] }, { "date": "2024-03-15", "close": 139.2, "volume": 56994666, "typical_volume": 45431502.7, "trend": 397.143333, "fair_value": 6499.057692, "relative_strength": -76.393294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.053541, "energy": 68.334436, "activity_lines": [ 150.986667, 171.527273, 229.9, 303.063656 ] }, { "date": "2024-03-22", "close": 138.7, "volume": 45761275, "typical_volume": 46870676.25, "trend": 380.843333, "fair_value": 6472.31859, "relative_strength": -76.273381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.189311, "energy": 66.877915, "activity_lines": [ 146.94, 159.954545, 214.927619, 286.389892 ] }, { "date": "2024-03-29", "close": 128.6, "volume": 48533227, "typical_volume": 48102632.65, "trend": 364.81, "fair_value": 6445.399359, "relative_strength": -77.483478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.740978, "energy": 67.245703, "activity_lines": [ 139.82, 150.630909, 201.485238, 270.116129 ] }, { "date": "2024-04-05", "close": 133.1, "volume": 52752959, "typical_volume": 49124154.8, "trend": 350.66, "fair_value": 6420.944872, "relative_strength": -75.95951, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.308712, "energy": 65.717308, "activity_lines": [ 135.446667, 144.530909, 190.258095, 255.167097 ] }, { "date": "2024-04-12", "close": 140.1, "volume": 41524442, "typical_volume": 50182266.85, "trend": 337.146667, "fair_value": 6393.560897, "relative_strength": -73.673064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.826104, "energy": 64.885735, "activity_lines": [ 135.686667, 141.72, 181.227143, 241.582581 ] }, { "date": "2024-04-19", "close": 135.4, "volume": 45773975, "typical_volume": 50811023.1, "trend": 324.23, "fair_value": 6365.326282, "relative_strength": -73.043405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.08446, "energy": 73.985591, "activity_lines": [ 135.506667, 139.58, 173.073333, 228.566667 ] }, { "date": "2024-04-26", "close": 131.9, "volume": 38521379, "typical_volume": 50722983.5, "trend": 310.5, "fair_value": 6334.864103, "relative_strength": -73.724937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.557946, "energy": 69.115056, "activity_lines": [ 134.413333, 137.56, 165.626667, 216.15828 ] }, { "date": "2024-05-03", "close": 146.4, "volume": 54789295, "typical_volume": 50915189.1, "trend": 292.433333, "fair_value": 6304.135897, "relative_strength": -70.412184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.648527, "energy": 57.28267, "activity_lines": [ 138.606667, 138.38, 160.353333, 205.571183 ] }, { "date": "2024-05-10", "close": 154.8, "volume": 33772664, "typical_volume": 50511207.0, "trend": 274.91, "fair_value": 6272.974359, "relative_strength": -68.536954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.961952, "energy": 54.265973, "activity_lines": [ 144.413333, 140.743636, 156.51619, 196.691613 ] }, { "date": "2024-05-17", "close": 194.9, "volume": 40098590, "typical_volume": 50916479.8, "trend": 262.1, "fair_value": 6243.351923, "relative_strength": -59.854046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.624582, "energy": 32.68134, "activity_lines": [ 162.14, 150.625455, 157.121905, 191.529677 ] }, { "date": "2024-05-24", "close": 190.2, "volume": 56008798, "typical_volume": 51906399.15, "trend": 247.076667, "fair_value": 6213.199359, "relative_strength": -59.93802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.313931, "energy": 22.264159, "activity_lines": [ 174.646667, 158.969091, 157.70619, 186.890968 ] }, { "date": "2024-05-31", "close": 162.1, "volume": 30775587, "typical_volume": 50123366.55, "trend": 230.413333, "fair_value": 6180.712821, "relative_strength": -65.111871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.45499, "energy": 21.522313, "activity_lines": [ 174.133333, 161.276364, 156.39381, 181.408602 ] }, { "date": "2024-06-07", "close": 210.4, "volume": 58475386, "typical_volume": 50793677.95, "trend": 220.633333, "fair_value": 6144.651282, "relative_strength": -54.479791, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 16.88782, "energy": 29.799241, "activity_lines": [ 187.706667, 171.94, 160.64, 180.117419 ] }, { "date": "2024-06-14", "close": 203.2, "volume": 45007331, "typical_volume": 50229189.35, "trend": 212.263333, "fair_value": 6110.017949, "relative_strength": -55.615473, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 9.741405, "energy": 26.513961, "activity_lines": [ 194.613333, 179.807273, 164.440952, 178.992688 ] }, { "date": "2024-06-21", "close": 183.9, "volume": 28368813, "typical_volume": 48763992.25, "trend": 204.45, "fair_value": 6068.760897, "relative_strength": -58.833448, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 0.64664, "energy": 18.105479, "activity_lines": [ 191.86, 182.890909, 166.598095, 177.162796 ] }, { "date": "2024-06-28", "close": 156.7, "volume": 38458279, "typical_volume": 47618850.0, "trend": 197.876667, "fair_value": 6023.444872, "relative_strength": -63.808945, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -13.821781, "energy": 15.825261, "activity_lines": [ 180.773333, 180.232727, 166.355714, 174.082151 ] }, { "date": "2024-07-05", "close": 128.6, "volume": 38468758, "typical_volume": 45492554.1, "trend": 192.22, "fair_value": 5977.935897, "relative_strength": -70.037558, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.521113, "energy": 28.444355, "activity_lines": [ 162.553333, 172.078182, 163.53381, 169.612688 ] }, { "date": "2024-07-12", "close": 123.8, "volume": 51988201, "typical_volume": 45155820.1, "trend": 187.013333, "fair_value": 5932.678205, "relative_strength": -70.643814, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.424206, "energy": 42.45169, "activity_lines": [ 144.966667, 163.110909, 160.32381, 165.198495 ] }, { "date": "2024-07-19", "close": 106.5, "volume": 82554678, "typical_volume": 46657301.1, "trend": 181.036667, "fair_value": 5877.950641, "relative_strength": -73.372578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.308631, "energy": 61.097556, "activity_lines": [ 127.386667, 151.409091, 155.578095, 160.004086 ] }, { "date": "2024-07-26", "close": 94.5, "volume": 60331921, "typical_volume": 47448011.2, "trend": 174.706667, "fair_value": 5825.812821, "relative_strength": -75.391898, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.750555, "energy": 79.205948, "activity_lines": [ 112.253333, 138.403636, 149.979048, 154.421075 ] }, { "date": "2024-08-02", "close": 87.6, "volume": 83540010, "typical_volume": 48775278.4, "trend": 165.83, "fair_value": 5768.194872, "relative_strength": -75.917775, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.247431, "energy": 81.571328, "activity_lines": [ 100.78, 125.969091, 144.021905, 148.80129 ] }, { "date": "2024-08-09", "close": 104.8, "volume": 62676535, "typical_volume": 49621041.4, "trend": 157.21, "fair_value": 5718.174359, "relative_strength": -69.979222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.761663, "energy": 73.87252, "activity_lines": [ 99.646667, 118.527273, 139.948571, 144.863871 ] }, { "date": "2024-08-16", "close": 96.2, "volume": 51400207, "typical_volume": 49764390.4, "trend": 151.72, "fair_value": 5668.508974, "relative_strength": -72.437227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.478573, "energy": 68.934041, "activity_lines": [ 97.233333, 110.563636, 135.217619, 140.927742 ] }, { "date": "2024-08-23", "close": 92.6, "volume": 51213925, "typical_volume": 49687438.7, "trend": 146.673333, "fair_value": 5605.179487, "relative_strength": -72.771629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.021656, "energy": 63.791486, "activity_lines": [ 95.46, 104.021818, 130.298095, 137.113548 ] }, { "date": "2024-08-30", "close": 86.7, "volume": 63901767, "typical_volume": 50806304.95, "trend": 142.096667, "fair_value": 5532.760897, "relative_strength": -73.554145, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.673783, "energy": 60.908615, "activity_lines": [ 92.646667, 98.418182, 125.009524, 133.244301 ] }, { "date": "2024-09-06", "close": 94.1, "volume": 48864904, "typical_volume": 50960851.4, "trend": 139.333333, "fair_value": 5453.107692, "relative_strength": -68.933391, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.931097, "energy": 65.447777, "activity_lines": [ 92.82, 95.927273, 120.68, 130.147742 ] }, { "date": "2024-09-13", "close": 92.5, "volume": 51432162, "typical_volume": 51606390.55, "trend": 137.646667, "fair_value": 5370.803205, "relative_strength": -69.509758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.284406, "energy": 65.059928, "activity_lines": [ 92.026667, 94.283636, 116.394762, 127.126237 ] }, { "date": "2024-09-20", "close": 103.1, "volume": 55936958, "typical_volume": 51663773.7, "trend": 136.173333, "fair_value": 5284.848718, "relative_strength": -65.193989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.995885, "energy": 43.605841, "activity_lines": [ 95.586667, 95.223636, 113.306667, 124.897419 ] }, { "date": "2024-09-27", "close": 116.6, "volume": 71733142, "typical_volume": 53561797.6, "trend": 134.483333, "fair_value": 5189.198718, "relative_strength": -59.22567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.738945, "energy": 32.475492, "activity_lines": [ 103.186667, 98.994545, 111.710476, 123.634624 ] }, { "date": "2024-10-04", "close": 110.2, "volume": 64719315, "typical_volume": 54792833.85, "trend": 132.913333, "fair_value": 5094.507692, "relative_strength": -59.326835, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.29876, "energy": 24.7325, "activity_lines": [ 107.053333, 101.418182, 109.686667, 122.067957 ] }, { "date": "2024-10-11", "close": 93.2, "volume": 52205292, "typical_volume": 54602658.55, "trend": 131.38, "fair_value": 5004.284615, "relative_strength": -63.881239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.14103, "energy": 27.09289, "activity_lines": [ 103.686667, 100.465455, 106.447143, 119.505806 ] }, { "date": "2024-10-18", "close": 80.4, "volume": 61881166, "typical_volume": 56157937.5, "trend": 129.436667, "fair_value": 4918.671795, "relative_strength": -67.336337, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.732254, "energy": 45.267911, "activity_lines": [ 96.113333, 97.083636, 102.450476, 116.216774 ] }, { "date": "2024-10-25", "close": 94.6, "volume": 68233930, "typical_volume": 56645864.7, "trend": 128.303333, "fair_value": 4833.957692, "relative_strength": -58.511343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.464764, "energy": 46.230888, "activity_lines": [ 94.08, 96.727273, 100.195238, 113.969247 ] }, { "date": "2024-11-01", "close": 72.9, "volume": 88155032, "typical_volume": 58803249.75, "trend": 126.296667, "fair_value": 4746.732692, "relative_strength": -65.172106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.175536, "energy": 76.9422, "activity_lines": [ 85.38, 92.454545, 96.424762, 110.394839 ] }, { "date": "2024-11-08", "close": 72.06, "volume": 47851345, "typical_volume": 59777376.35, "trend": 124.028667, "fair_value": 4683.81, "relative_strength": -65.24227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.804307, "energy": 85.81143, "activity_lines": [ 79.313333, 88.387273, 93.194762, 106.895699 ] }, { "date": "2024-11-15", "close": 80.34, "volume": 14862836, "typical_volume": 58597604.2, "trend": 122.193333, "fair_value": 4616.171154, "relative_strength": -58.383465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.647173, "energy": 75.811977, "activity_lines": [ 78.549333, 86.091636, 91.285905, 104.077075 ] }, { "date": "2024-11-22", "close": 91.08, "volume": 18112724, "typical_volume": 57579802.5, "trend": 120.832667, "fair_value": 4543.242179, "relative_strength": -51.385711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.725945, "energy": 50.781283, "activity_lines": [ 82.222667, 85.998909, 90.763524, 102.069763 ] }, { "date": "2024-11-29", "close": 91.78, "volume": 14475963, "typical_volume": 55704190.6, "trend": 119.012, "fair_value": 4502.26641, "relative_strength": -49.648547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.872829, "energy": 37.148726, "activity_lines": [ 85.417333, 86.059273, 90.486476, 100.195398 ] }, { "date": "2024-12-06", "close": 78.34, "volume": 23905014, "typical_volume": 52771707.4, "trend": 116.463333, "fair_value": 4465.563462, "relative_strength": -55.913773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.811143, "energy": 31.244618, "activity_lines": [ 84.32, 83.881818, 89.081905, 97.571398 ] }, { "date": "2024-12-13", "close": 88.1, "volume": 20969339, "typical_volume": 50803578.3, "trend": 112.903333, "fair_value": 4433.205128, "relative_strength": -48.582157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.843435, "energy": 21.765713, "activity_lines": [ 86.113333, 84.174545, 88.740952, 95.741505 ] }, { "date": "2024-12-20", "close": 100.72, "volume": 16166458, "typical_volume": 47434900.7, "trend": 109.920667, "fair_value": 4401.402051, "relative_strength": -38.278469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.948988, "energy": 12.487851, "activity_lines": [ 91.044, 87.163636, 89.632381, 94.955484 ] }, { "date": "2024-12-27", "close": 102.0, "volume": 10106713, "typical_volume": 44806409.6, "trend": 107.917333, "fair_value": 4368.607179, "relative_strength": -35.96074, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.082076, "energy": 11.102381, "activity_lines": [ 95.042667, 90.248727, 90.583238, 94.444473 ] }, { "date": "2025-01-03", "close": 98.78, "volume": 19735124, "typical_volume": 43223155.45, "trend": 104.196667, "fair_value": 4333.394231, "relative_strength": -34.85788, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.234281, "energy": 13.416145, "activity_lines": [ 97.24, 92.355636, 91.240762, 93.854968 ] }, { "date": "2025-01-10", "close": 129.66, "volume": 19200738, "typical_volume": 41622496.1, "trend": 101.745333, "fair_value": 4292.36641, "relative_strength": -9.059036, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.054871, "energy": 38.242607, "activity_lines": [ 109.264, 100.001091, 94.826952, 95.497763 ] }, { "date": "2025-01-17", "close": 134.78, "volume": 21703140, "typical_volume": 39512564.75, "trend": 100.108, "fair_value": 4257.87141, "relative_strength": -5.794982, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.421573, "energy": 61.754554, "activity_lines": [ 119.573333, 107.545455, 98.724286, 97.629032 ] }, { "date": "2025-01-24", "close": 131.08, "volume": 11129970, "typical_volume": 37625818.05, "trend": 99.254, "fair_value": 4204.814231, "relative_strength": -7.788387, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.851075, "energy": 74.075316, "activity_lines": [ 125.537333, 113.276727, 102.040286, 99.627226 ] }, { "date": "2025-01-31", "close": 103.76, "volume": 14253261, "typical_volume": 35766873.0, "trend": 98.426, "fair_value": 4156.556282, "relative_strength": -24.481801, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.172528, "energy": 64.387409, "activity_lines": [ 120.370667, 113.118182, 102.578286, 99.917935 ] }, { "date": "2025-02-07", "close": 119.68, "volume": 15830798, "typical_volume": 33761565.0, "trend": 98.288667, "fair_value": 4119.656795, "relative_strength": -11.562237, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.045711, "energy": 43.231085, "activity_lines": [ 120.393333, 115.623636, 104.578857, 101.289161 ] }, { "date": "2025-02-14", "close": 148.1, "volume": 12971296, "typical_volume": 30823472.7, "trend": 99.675333, "fair_value": 4075.51641, "relative_strength": 8.272598, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.878365, "energy": 46.799147, "activity_lines": [ 128.496, 122.789091, 109.207143, 104.502796 ] }, { "date": "2025-02-21", "close": 181.72, "volume": 10780979, "typical_volume": 28126555.9, "trend": 102.582667, "fair_value": 4029.463333, "relative_strength": 34.907077, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.569811, "energy": 66.993893, "activity_lines": [ 146.576, 134.798909, 116.887333, 109.796 ] }, { "date": "2025-02-28", "close": 156.48, "volume": 5701731, "typical_volume": 25801377.85, "trend": 104.878667, "fair_value": 3973.915128, "relative_strength": 17.972744, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.47504, "energy": 73.482134, "activity_lines": [ 153.113333, 140.517455, 121.823143, 113.273247 ] }, { "date": "2025-03-07", "close": 200.62, "volume": 12935191, "typical_volume": 23354079.1, "trend": 108.072667, "fair_value": 3922.11141, "relative_strength": 55.550135, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.570073, "energy": 87.360868, "activity_lines": [ 172.670667, 153.247636, 130.661429, 119.450108 ] }, { "date": "2025-03-14", "close": 176.84, "volume": 6058162, "typical_volume": 20245290.7, "trend": 110.760667, "fair_value": 3867.706538, "relative_strength": 39.843438, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.418303, "energy": 77.079714, "activity_lines": [ 177.844, 159.861091, 136.662476, 123.88671 ] }, { "date": "2025-03-21", "close": 160.42, "volume": 7385666, "typical_volume": 16206822.4, "trend": 113.021333, "fair_value": 3797.978462, "relative_strength": 26.055182, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.18778, "energy": 53.262214, "activity_lines": [ 173.733333, 162.069818, 140.708095, 127.090538 ] }, { "date": "2025-03-28", "close": 167.48, "volume": 10149882, "typical_volume": 14321749.25, "trend": 115.714, "fair_value": 3725.334103, "relative_strength": 32.979123, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.30899, "energy": 47.628267, "activity_lines": [ 171.154667, 165.002909, 145.009333, 130.604 ] }, { "date": "2025-04-04", "close": 146.18, "volume": 8681868, "typical_volume": 14012700.85, "trend": 117.45, "fair_value": 3636.130128, "relative_strength": 27.322997, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.838486, "energy": 29.683057, "activity_lines": [ 162.425333, 163.468727, 146.827619, 132.569548 ] }, { "date": "2025-04-11", "close": 126.66, "volume": 11053927, "typical_volume": 13659761.0, "trend": 118.588667, "fair_value": 3515.839487, "relative_strength": 4.758597, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.533932, "energy": 18.932798, "activity_lines": [ 147.876, 158.110909, 146.473333, 133.163742 ] }, { "date": "2025-04-18", "close": 112.82, "volume": 6622679, "typical_volume": 13267096.8, "trend": 118.912667, "fair_value": 3423.024231, "relative_strength": -4.847639, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.864281, "energy": 16.665862, "activity_lines": [ 133.644, 149.820364, 144.631524, 132.79157 ] }, { "date": "2025-04-25", "close": 97.58, "volume": 14569235, "typical_volume": 12800307.85, "trend": 118.278667, "fair_value": 3310.572821, "relative_strength": -20.743266, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.760908, "energy": 25.948194, "activity_lines": [ 118.6, 138.883636, 141.238095, 131.415269 ] }, { "date": "2025-05-02", "close": 131.78, "volume": 15599947, "typical_volume": 12531838.25, "trend": 118.998, "fair_value": 3176.391923, "relative_strength": 4.506869, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.772145, "energy": 21.569244, "activity_lines": [ 119.145333, 135.083636, 141.01019, 132.286323 ] }, { "date": "2025-05-09", "close": 139.12, "volume": 9101205, "typical_volume": 12178575.6, "trend": 120.528667, "fair_value": 3058.09141, "relative_strength": 11.324995, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.201248, "energy": 17.108902, "activity_lines": [ 124.517333, 133.526182, 141.273333, 133.584516 ] }, { "date": "2025-05-16", "close": 111.92, "volume": 10357556, "typical_volume": 12191117.75, "trend": 121.579333, "fair_value": 2926.372949, "relative_strength": -13.556666, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.411376, "energy": 22.13667, "activity_lines": [ 121.293333, 127.338909, 138.763143, 133.029118 ] }, { "date": "2025-05-23", "close": 112.18, "volume": 16489494, "typical_volume": 12028836.25, "trend": 122.165333, "fair_value": 2777.656154, "relative_strength": -9.743177, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.159171, "energy": 16.703932, "activity_lines": [ 119.138667, 122.811636, 136.230476, 132.42271 ] }, { "date": "2025-05-30", "close": 97.42, "volume": 13946856, "typical_volume": 11766142.15, "trend": 122.982667, "fair_value": 2636.370385, "relative_strength": -21.964999, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.288805, "energy": 24.99346, "activity_lines": [ 112.106667, 116.776364, 132.228286, 130.826237 ] }, { "date": "2025-06-06", "close": 115.72, "volume": 13990726, "typical_volume": 11380521.45, "trend": 124.438, "fair_value": 2488.907051, "relative_strength": -7.07813, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -27.892841, "energy": 35.344529, "activity_lines": [ 111.185333, 115.213818, 130.122476, 130.357677 ] }, { "date": "2025-06-13", "close": 105.1, "volume": 16559486, "typical_volume": 11651997.25, "trend": 125.263333, "fair_value": 2401.644872, "relative_strength": -13.68157, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.04459, "energy": 43.433321, "activity_lines": [ 107.794667, 112.661455, 127.096, 129.110065 ] }, { "date": "2025-06-20", "close": 121.1, "volume": 8743011, "typical_volume": 11376484.75, "trend": 126.264, "fair_value": 2331.382692, "relative_strength": 0.930117, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.672171, "energy": 30.513207, "activity_lines": [ 112.005333, 113.765091, 125.717048, 128.841462 ] }, { "date": "2025-06-27", "close": 107.6, "volume": 19679445, "typical_volume": 11568917.1, "trend": 126.791333, "fair_value": 2276.354487, "relative_strength": -12.357301, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.702182, "energy": 21.167216, "activity_lines": [ 111.104, 112.515273, 122.96981, 127.637333 ] }, { "date": "2025-07-04", "close": 91.56, "volume": 18763820, "typical_volume": 11858543.3, "trend": 127.232, "fair_value": 2215.915769, "relative_strength": -26.036889, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.737592, "energy": 45.717216, "activity_lines": [ 105.161333, 108.444, 118.752476, 125.364344 ] }, { "date": "2025-07-11", "close": 87.2, "volume": 23963918, "typical_volume": 12517690.25, "trend": 127.202, "fair_value": 2133.577308, "relative_strength": -28.783564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.069882, "energy": 55.300599, "activity_lines": [ 98.156, 103.689455, 114.389143, 122.781634 ] }, { "date": "2025-07-18", "close": 98.62, "volume": 14937770, "typical_volume": 12979492.2, "trend": 127.132, "fair_value": 2023.055641, "relative_strength": -19.656106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.201602, "energy": 59.773447, "activity_lines": [ 96.858667, 101.821818, 111.563524, 120.937634 ] }, { "date": "2025-07-25", "close": 74.36, "volume": 27370639, "typical_volume": 13701264.6, "trend": 126.210667, "fair_value": 1910.673333, "relative_strength": -39.977235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.380469, "energy": 74.310985, "activity_lines": [ 87.906667, 96.279636, 106.702952, 117.532989 ] }, { "date": "2025-08-01", "close": 71.76, "volume": 27585480, "typical_volume": 14777630.5, "trend": 125.31, "fair_value": 1807.569231, "relative_strength": -40.342095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.341612, "energy": 79.003261, "activity_lines": [ 81.204, 90.947636, 102.196, 114.020043 ] }, { "date": "2025-08-08", "close": 67.1, "volume": 26430020, "typical_volume": 15729848.2, "trend": 123.224667, "fair_value": 1685.063462, "relative_strength": -45.057645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.076632, "energy": 80.405424, "activity_lines": [ 75.337333, 85.503273, 97.745619, 110.264559 ] }, { "date": "2025-08-15", "close": 62.2, "volume": 29753076, "typical_volume": 16710007.9, "trend": 120.805333, "fair_value": 1548.526282, "relative_strength": -49.16218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.036218, "energy": 86.146066, "activity_lines": [ 69.468, 79.719273, 93.272952, 106.327484 ] }, { "date": "2025-08-22", "close": 54.22, "volume": 30727453, "typical_volume": 17812287.15, "trend": 118.243333, "fair_value": 1413.386667, "relative_strength": -55.439935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.309133, "energy": 89.194605, "activity_lines": [ 62.605333, 73.457455, 88.541619, 102.031656 ] }, { "date": "2025-08-29", "close": 60.96, "volume": 30577743, "typical_volume": 18788477.95, "trend": 116.816667, "fair_value": 1289.867179, "relative_strength": -49.565667, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.876179, "energy": 83.421651, "activity_lines": [ 60.949333, 69.346182, 84.890095, 98.335957 ] }, { "date": "2025-09-05", "close": 59.8, "volume": 20620756, "typical_volume": 19488381.8, "trend": 114.820667, "fair_value": 1188.840256, "relative_strength": -50.264451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.37571, "energy": 80.157058, "activity_lines": [ 59.8, 66.117455, 81.440952, 94.657462 ] }, { "date": "2025-09-12", "close": 55.6, "volume": 24914543, "typical_volume": 20005647.2, "trend": 111.737333, "fair_value": 1096.709487, "relative_strength": -54.08289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.170308, "energy": 73.992676, "activity_lines": [ 58.048, 62.994182, 77.844286, 90.836774 ] }, { "date": "2025-09-19", "close": 55.5, "volume": 23695944, "typical_volume": 20410447.05, "trend": 107.53, "fair_value": 1023.783205, "relative_strength": -54.248358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.172333, "energy": 63.077695, "activity_lines": [ 57.029333, 60.506545, 74.438, 87.208559 ] }, { "date": "2025-09-26", "close": 54.62, "volume": 31122336, "typical_volume": 21511503.6, "trend": 104.134667, "fair_value": 955.338462, "relative_strength": -54.249099, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.029866, "energy": 67.503331, "activity_lines": [ 56.164, 58.435273, 71.311143, 83.795011 ] }, { "date": "2025-10-03", "close": 59.48, "volume": 42980234, "typical_volume": 23142637.5, "trend": 99.43, "fair_value": 889.88641, "relative_strength": -50.166491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.833233, "energy": 60.654908, "activity_lines": [ 56.892, 58.047636, 69.049524, 80.914065 ] }, { "date": "2025-10-10", "close": 54.94, "volume": 40946186, "typical_volume": 24365472.1, "trend": 95.366667, "fair_value": 826.73859, "relative_strength": -52.425705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.11155, "energy": 58.888046, "activity_lines": [ 56.205333, 57.105091, 66.605238, 78.043742 ] }, { "date": "2025-10-17", "close": 52.06, "volume": 37570972, "typical_volume": 25546677.9, "trend": 91.754667, "fair_value": 784.764615, "relative_strength": -55.395969, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.916705, "energy": 59.878326, "activity_lines": [ 54.882667, 55.944727, 64.159238, 75.249763 ] }, { "date": "2025-10-24", "close": 58.74, "volume": 41847051, "typical_volume": 26939494.15, "trend": 88.13, "fair_value": 739.346282, "relative_strength": -50.199717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.96973, "energy": 54.33088, "activity_lines": [ 56.022667, 56.272364, 62.565429, 73.119785 ] }, { "date": "2025-10-31", "close": 60.18, "volume": 42514863, "typical_volume": 28237263.0, "trend": 85.263333, "fair_value": 683.565385, "relative_strength": -49.108428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.826041, "energy": 45.614098, "activity_lines": [ 57.426667, 56.924727, 61.380095, 71.316559 ] }, { "date": "2025-11-07", "close": 65.44, "volume": 39168152, "typical_volume": 29758520.05, "trend": 83.222667, "fair_value": 636.831026, "relative_strength": -43.592995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.388613, "energy": 34.426367, "activity_lines": [ 60.213333, 58.425091, 60.909619, 70.037634 ] }, { "date": "2025-11-14", "close": 70.04, "volume": 41501978, "typical_volume": 30849646.7, "trend": 81.796667, "fair_value": 583.472308, "relative_strength": -39.481445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.366775, "energy": 23.1984, "activity_lines": [ 64.136, 60.680364, 61.142286, 69.18714 ] }, { "date": "2025-11-21", "close": 70.64, "volume": 37040524, "typical_volume": 31763481.9, "trend": 80.898667, "fair_value": 518.937949, "relative_strength": -37.435695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.94505, "energy": 18.903107, "activity_lines": [ 67.252, 62.858545, 61.610952, 68.467355 ] }, { "date": "2025-11-28", "close": 71.28, "volume": 26174848, "typical_volume": 31874028.4, "trend": 78.882, "fair_value": 473.907692, "relative_strength": -38.776575, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.489886, "energy": 20.567426, "activity_lines": [ 69.342667, 64.879636, 62.24019, 67.846796 ] }, { "date": "2025-12-05", "close": 87.24, "volume": 49412838, "typical_volume": 33597781.8, "trend": 77.152667, "fair_value": 429.748974, "relative_strength": -25.292487, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 26.453817, "energy": 36.543279, "activity_lines": [ 75.917333, 69.515636, 64.465238, 68.386022 ] }, { "date": "2025-12-12", "close": 54.24, "volume": 48235086, "typical_volume": 34641004.15, "trend": 75.23, "fair_value": 385.737692, "relative_strength": -52.922533, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.157979, "energy": 19.870061, "activity_lines": [ 69.688, 67.558545, 63.601619, 66.907785 ] }, { "date": "2025-12-19", "close": 47.9, "volume": 47083432, "typical_volume": 35615901.75, "trend": 73.087333, "fair_value": 358.429359, "relative_strength": -57.989299, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.023012, "energy": 23.271732, "activity_lines": [ 62.092, 64.544, 62.23, 65.144559 ] }, { "date": "2025-12-26", "close": 50.38, "volume": 39405788, "typical_volume": 36264690.15, "trend": 71.519333, "fair_value": 335.957436, "relative_strength": -55.928193, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.976254, "energy": 33.860722, "activity_lines": [ 56.798667, 62.108364, 61.20819, 63.67957 ] }, { "date": "2026-01-02", "close": 43.2, "volume": 38379984, "typical_volume": 36696035.55, "trend": 69.102, "fair_value": 320.644615, "relative_strength": -61.340147, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.588809, "energy": 54.014677, "activity_lines": [ 50.462667, 58.397818, 59.58219, 61.852516 ] }, { "date": "2026-01-09", "close": 31.46, "volume": 71627870, "typical_volume": 38741056.4, "trend": 66.647333, "fair_value": 307.077051, "relative_strength": -71.687109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.105629, "energy": 83.268696, "activity_lines": [ 42.085333, 52.835273, 56.928571, 59.424 ] }, { "date": "2026-01-16", "close": 32.84, "volume": 74024443, "typical_volume": 40913391.4, "trend": 63.705333, "fair_value": 295.300385, "relative_strength": -69.684121, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.828957, "energy": 83.193724, "activity_lines": [ 37.886667, 48.045818, 54.514762, 57.242882 ] }, { "date": "2026-01-23", "close": 56.6, "volume": 117289922, "typical_volume": 45746849.7, "trend": 62.005333, "fair_value": 284.804231, "relative_strength": -46.67561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.94595, "energy": 64.28407, "activity_lines": [ 43.034667, 48.169091, 54.497714, 56.784473 ] }, { "date": "2026-01-30", "close": 81.34, "volume": 105937780, "typical_volume": 49798011.55, "trend": 61.664667, "fair_value": 277.876923, "relative_strength": -23.124795, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -10.511312, "energy": 10.01835, "activity_lines": [ 55.849333, 53.034909, 56.852095, 58.031871 ] }, { "date": "2026-02-06", "close": 44.06, "volume": 78287794, "typical_volume": 52527604.05, "trend": 60.226667, "fair_value": 269.620897, "relative_strength": -57.541533, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -42.633197, "energy": 20.637346, "activity_lines": [ 54.173333, 50.928, 55.533429, 56.896086 ] }, { "date": "2026-02-13", "close": 37.94, "volume": 44032891, "typical_volume": 53173131.8, "trend": 58.204, "fair_value": 263.3, "relative_strength": -62.039838, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.600976, "energy": 24.758347, "activity_lines": [ 50.4, 48.203273, 53.686381, 55.458237 ] }, { "date": "2026-02-20", "close": 35.68, "volume": 49616580, "typical_volume": 53504949.1, "trend": 56.914667, "fair_value": 255.887692, "relative_strength": -63.478562, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.276283, "energy": 28.344461, "activity_lines": [ 45.441333, 45.964, 51.703524, 54.005075 ] }, { "date": "2026-02-27", "close": 32.88, "volume": 55027116, "typical_volume": 54208995.6, "trend": 55.618667, "fair_value": 246.021538, "relative_strength": -65.142167, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.639469, "energy": 60.641463, "activity_lines": [ 39.36, 43.553091, 49.567333, 52.454452 ] }, { "date": "2026-03-06", "close": 39.7, "volume": 102084913, "typical_volume": 57434692.65, "trend": 54.705333, "fair_value": 239.750385, "relative_strength": -55.222724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.202855, "energy": 61.222327, "activity_lines": [ 37.133333, 42.655273, 48.185714, 51.427441 ] }, { "date": "2026-03-13", "close": 38.1, "volume": 72517101, "typical_volume": 58968195.15, "trend": 53.902, "fair_value": 234.020256, "relative_strength": -54.650696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.557406, "energy": 61.15871, "activity_lines": [ 37.149333, 41.660727, 46.710571, 50.356129 ] }, { "date": "2026-03-20", "close": 36.3, "volume": 68197118, "typical_volume": 60252307.9, "trend": 53.304667, "fair_value": 229.035, "relative_strength": -54.403688, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.234075, "energy": 55.593423, "activity_lines": [ 36.962667, 40.431636, 45.162286, 49.220516 ] }, { "date": "2026-03-27", "close": 35.38, "volume": 65432045, "typical_volume": 61565502.55, "trend": 52.452, "fair_value": 224.63359, "relative_strength": -52.698726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.548423, "energy": 41.053956, "activity_lines": [ 36.578667, 38.947273, 43.640095, 48.064086 ] }, { "date": "2026-04-03", "close": 30.2, "volume": 50047062, "typical_volume": 61992756.75, "trend": 51.465333, "fair_value": 220.942564, "relative_strength": -59.32756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.790773, "energy": 43.90834, "activity_lines": [ 34.488, 36.474909, 41.767714, 46.628473 ] }, { "date": "2026-04-10", "close": 27.44, "volume": 63341807, "typical_volume": 63307820.9, "trend": 50.526667, "fair_value": 216.849231, "relative_strength": -63.078389, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.171008, "energy": 52.945587, "activity_lines": [ 31.656, 33.980727, 39.82219, 45.078452 ] }, { "date": "2026-04-17", "close": 27.14, "volume": 47703571, "typical_volume": 64384257.05, "trend": 49.581333, "fair_value": 212.612949, "relative_strength": -63.927272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.196058, "energy": 60.063021, "activity_lines": [ 29.541333, 32.412, 38.05381, 43.569634 ] }, { "date": "2026-04-24", "close": 25.1, "volume": 41114906, "typical_volume": 63969360.45, "trend": 48.597333, "fair_value": 208.440513, "relative_strength": -65.925083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.520837, "energy": 72.625219, "activity_lines": [ 27.477333, 30.78, 36.301333, 41.990194 ] }, { "date": "2026-05-01", "close": 26.6, "volume": 41103432, "typical_volume": 63612777.75, "trend": 47.501333, "fair_value": 205.162308, "relative_strength": -62.852153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.044373, "energy": 75.356139, "activity_lines": [ 26.66, 29.654182, 34.987619, 40.571011 ] }, { "date": "2026-05-08", "close": 25.28, "volume": 41638373, "typical_volume": 63340524.8, "trend": 46.512667, "fair_value": 201.426923, "relative_strength": -64.009692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.502739, "energy": 86.82213, "activity_lines": [ 25.988, 28.453455, 33.67981, 39.137376 ] }, { "date": "2026-05-15", "close": 27.36, "volume": 38655566, "typical_volume": 63303013.7, "trend": 45.689333, "fair_value": 196.820256, "relative_strength": -59.886673, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.315028, "energy": 83.778535, "activity_lines": [ 26.337333, 27.769091, 32.67781, 37.90172 ] }, { "date": "2026-05-22", "close": 25.48, "volume": 48372574, "typical_volume": 63802643.2, "trend": 44.580667, "fair_value": 193.24, "relative_strength": -61.675132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.066929, "energy": 80.047232, "activity_lines": [ 26.065333, 26.967273, 31.606381, 36.597892 ] }, { "date": "2026-05-29", "close": 30.03, "volume": 30142888, "typical_volume": 61728394.1, "trend": 43.575667, "fair_value": 190.394038, "relative_strength": -54.219853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.086882, "energy": 49.363612, "activity_lines": [ 27.420667, 27.222182, 31.052667, 35.65914 ] }, { "date": "2026-06-05", "close": 28.62, "volume": 19125010, "typical_volume": 58983422.45, "trend": 42.348333, "fair_value": 187.32109, "relative_strength": -53.639912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.505309, "energy": 41.978868, "activity_lines": [ 27.977333, 27.334727, 30.371476, 34.694258 ] }, { "date": "2026-06-12", "close": 26.76, "volume": 15428857, "typical_volume": 53890369.2, "trend": 40.905667, "fair_value": 183.249038, "relative_strength": -55.444767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.048902, "energy": 42.64301, "activity_lines": [ 27.779333, 27.232, 29.533238, 33.688559 ] }, { "date": "2026-06-19", "close": 28.31, "volume": 11559653, "typical_volume": 49171462.85, "trend": 39.494667, "fair_value": 178.834359, "relative_strength": -51.360929, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.178403, "energy": 35.00384, "activity_lines": [ 27.999333, 27.473636, 28.984714, 32.875935 ] }, { "date": "2026-06-26", "close": 28.66, "volume": 14692795, "typical_volume": 45991712.9, "trend": 38.074, "fair_value": 174.595641, "relative_strength": -47.788043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.283958, "energy": 33.939549, "activity_lines": [ 28.272667, 27.763091, 28.722048, 32.176925 ] }, { "date": "2026-07-03", "close": 26.44, "volume": 16822220, "typical_volume": 44631179.35, "trend": 36.047333, "fair_value": 170.986282, "relative_strength": -51.458455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.830816, "energy": 41.381316, "activity_lines": [ 27.594, 27.621273, 28.321286, 31.426344 ] }, { "date": "2026-07-10", "close": 22.68, "volume": 27183017, "typical_volume": 43509501.2, "trend": 34.995333, "fair_value": 167.437436, "relative_strength": -57.683585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.374402, "energy": 51.22557, "activity_lines": [ 25.901333, 26.771455, 27.61719, 30.563935 ] }, { "date": "2026-07-17", "close": 22.41, "volume": 21564071, "typical_volume": 41836348.95, "trend": 34.145667, "fair_value": 163.379808, "relative_strength": -55.997017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.063707, "energy": 58.715735, "activity_lines": [ 24.514667, 25.943818, 26.949286, 29.751978 ] }, { "date": "2026-07-24", "close": 22.59, "volume": 17466570, "typical_volume": 37605431.8, "trend": 33.219333, "fair_value": 159.539359, "relative_strength": -54.259364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.800268, "energy": 72.066219, "activity_lines": [ 23.478, 25.201091, 26.348381, 29.006452 ] }, { "date": "2026-07-31", "close": 20.52, "volume": 23660300, "typical_volume": 35162591.75, "trend": 32.463333, "fair_value": 155.864487, "relative_strength": -57.818287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.66673, "energy": 80.27275, "activity_lines": [ 22.132667, 24.168727, 25.63181, 28.18714 ] }, { "date": "2026-08-07", "close": 19.12, "volume": 23571095, "typical_volume": 32931290.6, "trend": 32.052, "fair_value": 151.38641, "relative_strength": -61.09012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.754339, "energy": 82.742751, "activity_lines": [ 20.863333, 22.972, 24.865619, 27.32628 ] } ], "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." } } }