{ "ticker": { "uuid": "322ce19f-5ec7-439a-bd57-8bc309736f5d", "symbol": "XT21", "name": "Xtrackers S&P 500 2x Inverse Daily Swap UCITS ETF 1C", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "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": -82.064, "architecture_energy": 54.332, "architecture_maturity": 67.18, "architecture_confidence": 90.116, "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": 23.01, "rotation_up": 27.87, "upward_expansion": 7.7, "deceleration": 58.31, "rotation_down": 50.04, "downward_expansion": 78.7 }, "activity_lines": [ 0.139247, 0.140484, 0.14201, 0.147401 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 0.1312, "trend_reference": 0.15307, "distance_from_trend": -0.142876, "trend_direction": "Weakening", "fair_value": 0.236973, "distance_from_fair_value": -0.446351, "fair_value_direction": "Improving", "relative_strength": -30.112618, "relative_strength_direction": "Weakening", "price_momentum": -0.178974, "excess_performance": -0.349865, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.142876, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.04894, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.446351, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.003938, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.301126, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.004306, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.178974, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.634511, "read": "Supply-led" } ], "volume": { "latest": 3181760, "relative_activity": 0.764831, "balance": 0.634511, "dry_up": 0.825268, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.044031, "annualized_volatility": 0.298332, "from_high_reference": -0.321262, "from_low_reference": 0.006907 }, "levels": { "trend_reference": 0.15307, "fair_value_reference": 0.236973, "structural_low": 0.1303, "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": 44, "median_return": -0.022141, "positive_rate": 0.386364, "directional_follow_through": 0.613636, "median_excess_return": -0.035425, "regime_survival": 0.886364, "best_return": 0.180236, "worst_return": -0.119093, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.048449, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.072696, "regime_survival": 0.733333, "best_return": 0.30006, "worst_return": -0.199433, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.14123, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.243386, "regime_survival": 0.75, "best_return": 0.436255, "worst_return": -0.232514, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.266823, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.437222, "regime_survival": 0.5, "best_return": 0.257663, "worst_return": -0.336484, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-03-24", "end": "2023-04-07", "tenure": "New", "return": -0.082371, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-04-14", "end": "2023-10-06", "tenure": "Established", "return": 0.012156, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-10-13", "end": "2023-11-17", "tenure": "Developing", "return": -0.101199, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-24", "end": "2023-12-01", "tenure": "New", "return": -0.00171, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-12-08", "end": "2023-12-29", "tenure": "New", "return": -0.088952, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-05", "end": "2025-01-03", "tenure": "Extended", "return": -0.262285, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-10", "end": "2025-03-21", "tenure": "Developing", "return": 0.012559, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-05-02", "tenure": "Developing", "return": -0.112971, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": -0.052296, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": -0.050698, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2026-03-13", "tenure": "Extended", "return": -0.160681, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": -0.008274, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-10", "end": "2026-05-01", "tenure": "New", "return": -0.086638, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": -0.066192, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.3764, "volume": 918241, "typical_volume": 2089607.75, "trend": 0.396097, "fair_value": 0.460022, "relative_strength": -22.40499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.807895, "energy": 37.494692, "activity_lines": [ 0.35616, 0.352093, 0.364462, 0.378762 ] }, { "date": "2023-08-25", "close": 0.3755, "volume": 1786434, "typical_volume": 2014783.35, "trend": 0.394647, "fair_value": 0.458082, "relative_strength": -23.1635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.730236, "energy": 27.739014, "activity_lines": [ 0.364953, 0.356207, 0.364313, 0.377433 ] }, { "date": "2023-09-01", "close": 0.3555, "volume": 609596, "typical_volume": 1934205.7, "trend": 0.39327, "fair_value": 0.455692, "relative_strength": -27.609589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.09655, "energy": 28.633063, "activity_lines": [ 0.364407, 0.356356, 0.362439, 0.374908 ] }, { "date": "2023-09-08", "close": 0.3657, "volume": 1614420, "typical_volume": 1818224.95, "trend": 0.391367, "fair_value": 0.453347, "relative_strength": -23.71998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.019004, "energy": 25.106134, "activity_lines": [ 0.3658, 0.358673, 0.361762, 0.373129 ] }, { "date": "2023-09-15", "close": 0.3684, "volume": 354157, "typical_volume": 1710285.2, "trend": 0.389353, "fair_value": 0.450994, "relative_strength": -24.251575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.053526, "energy": 19.401483, "activity_lines": [ 0.36658, 0.361309, 0.361532, 0.371647 ] }, { "date": "2023-09-22", "close": 0.3885, "volume": 1928136, "typical_volume": 1601032.9, "trend": 0.38718, "fair_value": 0.448462, "relative_strength": -17.914653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.894806, "energy": 11.728077, "activity_lines": [ 0.373313, 0.367456, 0.363361, 0.371592 ] }, { "date": "2023-09-29", "close": 0.399, "volume": 4675588, "typical_volume": 1707718.15, "trend": 0.385823, "fair_value": 0.446326, "relative_strength": -13.277316, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 16.377353, "energy": 27.410964, "activity_lines": [ 0.38274, 0.374562, 0.366266, 0.372355 ] }, { "date": "2023-10-06", "close": 0.408, "volume": 11461243, "typical_volume": 2221787.25, "trend": 0.384183, "fair_value": 0.444592, "relative_strength": -8.530998, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.539583, "energy": 57.647076, "activity_lines": [ 0.3936, 0.382147, 0.37009, 0.373786 ] }, { "date": "2023-10-13", "close": 0.4002, "volume": 4959812, "typical_volume": 2349723.25, "trend": 0.38228, "fair_value": 0.442856, "relative_strength": -10.107215, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.436918, "energy": 60.854605, "activity_lines": [ 0.39836, 0.386962, 0.373133, 0.374819 ] }, { "date": "2023-10-20", "close": 0.4159, "volume": 1062348, "typical_volume": 2281088.6, "trend": 0.38113, "fair_value": 0.441152, "relative_strength": -2.233161, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.426834, "energy": 69.957469, "activity_lines": [ 0.406053, 0.393591, 0.377692, 0.376988 ] }, { "date": "2023-10-27", "close": 0.4337, "volume": 3917085, "typical_volume": 2421659.5, "trend": 0.381727, "fair_value": 0.438998, "relative_strength": 3.081969, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.307439, "energy": 74.846993, "activity_lines": [ 0.416513, 0.402389, 0.383812, 0.38038 ] }, { "date": "2023-11-03", "close": 0.3869, "volume": 1893560, "typical_volume": 2432382.4, "trend": 0.380847, "fair_value": 0.437304, "relative_strength": -11.386301, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.758906, "energy": 37.895985, "activity_lines": [ 0.40836, 0.401636, 0.385235, 0.380713 ] }, { "date": "2023-11-10", "close": 0.3887, "volume": 363938, "typical_volume": 2309244.15, "trend": 0.380367, "fair_value": 0.435735, "relative_strength": -9.828515, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.185592, "energy": 39.002525, "activity_lines": [ 0.401613, 0.401004, 0.38669, 0.38122 ] }, { "date": "2023-11-17", "close": 0.3597, "volume": 2233935, "typical_volume": 2292523.9, "trend": 0.378843, "fair_value": 0.434035, "relative_strength": -18.693591, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 16.156674, "energy": 13.718082, "activity_lines": [ 0.386487, 0.394495, 0.385306, 0.379887 ] }, { "date": "2023-11-24", "close": 0.3508, "volume": 831236, "typical_volume": 2264389.1, "trend": 0.377247, "fair_value": 0.432454, "relative_strength": -19.902738, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.309305, "energy": 30.122808, "activity_lines": [ 0.371093, 0.386476, 0.383058, 0.378077 ] }, { "date": "2023-12-01", "close": 0.3502, "volume": 676712, "typical_volume": 2260999.5, "trend": 0.375433, "fair_value": 0.431038, "relative_strength": -20.753962, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.147452, "energy": 39.629769, "activity_lines": [ 0.35984, 0.378669, 0.3808, 0.376332 ] }, { "date": "2023-12-08", "close": 0.353, "volume": 820930, "typical_volume": 2264598.3, "trend": 0.373467, "fair_value": 0.42954, "relative_strength": -20.652249, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.743714, "energy": 52.147965, "activity_lines": [ 0.355087, 0.372067, 0.378741, 0.374885 ] }, { "date": "2023-12-15", "close": 0.329, "volume": 794385, "typical_volume": 2263416.3, "trend": 0.371107, "fair_value": 0.428033, "relative_strength": -25.053652, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.00064, "energy": 67.09323, "activity_lines": [ 0.344593, 0.361938, 0.374313, 0.372016 ] }, { "date": "2023-12-22", "close": 0.3211, "volume": 1101696, "typical_volume": 2169286.95, "trend": 0.368317, "fair_value": 0.426476, "relative_strength": -25.857355, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.374483, "energy": 71.520329, "activity_lines": [ 0.335447, 0.351809, 0.369154, 0.36879 ] }, { "date": "2023-12-29", "close": 0.3216, "volume": 171278, "typical_volume": 2108736.5, "trend": 0.36612, "fair_value": 0.425017, "relative_strength": -24.754653, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.866853, "energy": 84.546344, "activity_lines": [ 0.32904, 0.343209, 0.364148, 0.365776 ] }, { "date": "2024-01-05", "close": 0.3317, "volume": 1432388, "typical_volume": 2134443.85, "trend": 0.364393, "fair_value": 0.423756, "relative_strength": -21.780034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.769264, "energy": 79.899228, "activity_lines": [ 0.327947, 0.33816, 0.360272, 0.363555 ] }, { "date": "2024-01-12", "close": 0.3219, "volume": 1483999, "typical_volume": 2119322.1, "trend": 0.36321, "fair_value": 0.422329, "relative_strength": -23.484362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.23004, "energy": 79.973867, "activity_lines": [ 0.32482, 0.333184, 0.355677, 0.360814 ] }, { "date": "2024-01-19", "close": 0.3225, "volume": 1873567, "typical_volume": 2182520.65, "trend": 0.361537, "fair_value": 0.421041, "relative_strength": -22.144309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.695007, "energy": 72.875791, "activity_lines": [ 0.323967, 0.329498, 0.351393, 0.358188 ] }, { "date": "2024-01-26", "close": 0.3109, "volume": 2146047, "typical_volume": 2209102.0, "trend": 0.360023, "fair_value": 0.419497, "relative_strength": -24.583985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.711229, "energy": 75.819895, "activity_lines": [ 0.31968, 0.324907, 0.346162, 0.354921 ] }, { "date": "2024-02-02", "close": 0.3082, "volume": 2575506, "typical_volume": 2320169.45, "trend": 0.35828, "fair_value": 0.418176, "relative_strength": -25.569311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.59236, "energy": 88.062145, "activity_lines": [ 0.315173, 0.320713, 0.340935, 0.351577 ] }, { "date": "2024-02-09", "close": 0.3011, "volume": 1035912, "typical_volume": 2275558.25, "trend": 0.35711, "fair_value": 0.416903, "relative_strength": -27.703787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.287588, "energy": 89.284202, "activity_lines": [ 0.309193, 0.316002, 0.335319, 0.347888 ] }, { "date": "2024-02-16", "close": 0.2994, "volume": 1472020, "typical_volume": 2115379.85, "trend": 0.35591, "fair_value": 0.415637, "relative_strength": -28.800631, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.943895, "energy": 90.860756, "activity_lines": [ 0.304687, 0.311875, 0.329956, 0.344165 ] }, { "date": "2024-02-23", "close": 0.2913, "volume": 2055278, "typical_volume": 1645081.6, "trend": 0.3545, "fair_value": 0.414137, "relative_strength": -31.999565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.216601, "energy": 91.58202, "activity_lines": [ 0.29898, 0.307249, 0.324297, 0.339997 ] }, { "date": "2024-03-01", "close": 0.2889, "volume": 2141538, "typical_volume": 1504167.9, "trend": 0.352697, "fair_value": 0.412421, "relative_strength": -32.338642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.083448, "energy": 86.439732, "activity_lines": [ 0.294553, 0.302873, 0.318964, 0.335764 ] }, { "date": "2024-03-08", "close": 0.2821, "volume": 2347947, "typical_volume": 1568447.85, "trend": 0.350193, "fair_value": 0.411017, "relative_strength": -34.047555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.215106, "energy": 83.499656, "activity_lines": [ 0.289327, 0.297845, 0.313514, 0.33121 ] }, { "date": "2024-03-15", "close": 0.2888, "volume": 2838172, "typical_volume": 1514502.2, "trend": 0.347273, "fair_value": 0.40964, "relative_strength": -32.593044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.885266, "energy": 70.811489, "activity_lines": [ 0.288073, 0.294755, 0.30934, 0.327249 ] }, { "date": "2024-03-22", "close": 0.278, "volume": 1074983, "typical_volume": 1473573.35, "trend": 0.344023, "fair_value": 0.408194, "relative_strength": -34.955475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.63196, "energy": 70.671598, "activity_lines": [ 0.28404, 0.29048, 0.304826, 0.32278 ] }, { "date": "2024-03-29", "close": 0.2768, "volume": 1270538, "typical_volume": 1518903.35, "trend": 0.3414, "fair_value": 0.406848, "relative_strength": -35.255562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.561923, "energy": 69.411022, "activity_lines": [ 0.281033, 0.286785, 0.300717, 0.318443 ] }, { "date": "2024-04-05", "close": 0.2827, "volume": 3440185, "typical_volume": 1579215.85, "trend": 0.338633, "fair_value": 0.405719, "relative_strength": -31.704837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.692465, "energy": 64.94452, "activity_lines": [ 0.28096, 0.284995, 0.297703, 0.314655 ] }, { "date": "2024-04-12", "close": 0.2936, "volume": 3584409, "typical_volume": 1716874.5, "trend": 0.33614, "fair_value": 0.404789, "relative_strength": -27.895694, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.92969, "energy": 61.596571, "activity_lines": [ 0.284933, 0.285698, 0.296093, 0.31175 ] }, { "date": "2024-04-19", "close": 0.3122, "volume": 10805632, "typical_volume": 2223320.5, "trend": 0.333597, "fair_value": 0.403994, "relative_strength": -23.0211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.07685, "energy": 34.355607, "activity_lines": [ 0.29434, 0.290049, 0.296528, 0.310206 ] }, { "date": "2024-04-26", "close": 0.2997, "volume": 3287598, "typical_volume": 2346653.9, "trend": 0.330287, "fair_value": 0.403123, "relative_strength": -26.100757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.902398, "energy": 27.325316, "activity_lines": [ 0.29802, 0.291925, 0.295952, 0.308019 ] }, { "date": "2024-05-03", "close": 0.2959, "volume": 3468778, "typical_volume": 2480373.55, "trend": 0.32655, "fair_value": 0.402329, "relative_strength": -24.95979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.866625, "energy": 26.995905, "activity_lines": [ 0.298987, 0.293105, 0.295269, 0.3058 ] }, { "date": "2024-05-10", "close": 0.2845, "volume": 464626, "typical_volume": 2448520.05, "trend": 0.322693, "fair_value": 0.401377, "relative_strength": -29.194702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.904548, "energy": 26.094489, "activity_lines": [ 0.29488, 0.292129, 0.293658, 0.303087 ] }, { "date": "2024-05-17", "close": 0.2739, "volume": 3020417, "typical_volume": 2590977.0, "trend": 0.31796, "fair_value": 0.40038, "relative_strength": -32.501421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.027428, "energy": 46.14455, "activity_lines": [ 0.28712, 0.289305, 0.291211, 0.299939 ] }, { "date": "2024-05-24", "close": 0.274, "volume": 859693, "typical_volume": 2562342.25, "trend": 0.312637, "fair_value": 0.399442, "relative_strength": -29.850738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.76216, "energy": 58.817171, "activity_lines": [ 0.280707, 0.286649, 0.289001, 0.297103 ] }, { "date": "2024-05-31", "close": 0.2854, "volume": 2922450, "typical_volume": 2634264.8, "trend": 0.309253, "fair_value": 0.398587, "relative_strength": -26.176871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.824875, "energy": 57.46997, "activity_lines": [ 0.28064, 0.286335, 0.288151, 0.295346 ] }, { "date": "2024-06-07", "close": 0.2715, "volume": 1794202, "typical_volume": 2630296.55, "trend": 0.305347, "fair_value": 0.397649, "relative_strength": -29.350785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.652789, "energy": 69.010448, "activity_lines": [ 0.276893, 0.283358, 0.286152, 0.29291 ] }, { "date": "2024-06-14", "close": 0.2684, "volume": 2459300, "typical_volume": 2645959.2, "trend": 0.302303, "fair_value": 0.396554, "relative_strength": -25.294428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.482244, "energy": 65.25855, "activity_lines": [ 0.27374, 0.279915, 0.2841, 0.290527 ] }, { "date": "2024-06-21", "close": 0.2648, "volume": 2302494, "typical_volume": 2632308.6, "trend": 0.299437, "fair_value": 0.395597, "relative_strength": -26.98774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.106403, "energy": 57.784906, "activity_lines": [ 0.27046, 0.276076, 0.281908, 0.288107 ] }, { "date": "2024-06-28", "close": 0.2618, "volume": 2191722, "typical_volume": 2690099.1, "trend": 0.29649, "fair_value": 0.394669, "relative_strength": -26.867211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.35372, "energy": 69.865377, "activity_lines": [ 0.266787, 0.272216, 0.279636, 0.285679 ] }, { "date": "2024-07-05", "close": 0.255, "volume": 909063, "typical_volume": 2661951.25, "trend": 0.293223, "fair_value": 0.393731, "relative_strength": -29.83042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.054021, "energy": 76.388157, "activity_lines": [ 0.26166, 0.268036, 0.276904, 0.283002 ] }, { "date": "2024-07-12", "close": 0.2459, "volume": 1012834, "typical_volume": 2609829.05, "trend": 0.290453, "fair_value": 0.392706, "relative_strength": -32.93777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.303474, "energy": 86.5457, "activity_lines": [ 0.255527, 0.263015, 0.273517, 0.279949 ] }, { "date": "2024-07-19", "close": 0.2579, "volume": 1083647, "typical_volume": 2556934.5, "trend": 0.288347, "fair_value": 0.391824, "relative_strength": -28.384068, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.263957, "energy": 77.83548, "activity_lines": [ 0.2551, 0.261084, 0.271489, 0.277849 ] }, { "date": "2024-07-26", "close": 0.2652, "volume": 906700, "typical_volume": 2484872.15, "trend": 0.286467, "fair_value": 0.391007, "relative_strength": -25.002179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.151246, "energy": 59.166726, "activity_lines": [ 0.257807, 0.260964, 0.270304, 0.276355 ] }, { "date": "2024-08-02", "close": 0.2773, "volume": 3929033, "typical_volume": 2539415.2, "trend": 0.284653, "fair_value": 0.390288, "relative_strength": -16.677491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.54268, "energy": 32.77161, "activity_lines": [ 0.26452, 0.263202, 0.270351, 0.275764 ] }, { "date": "2024-08-09", "close": 0.2755, "volume": 2633097, "typical_volume": 2617320.9, "trend": 0.283107, "fair_value": 0.3896, "relative_strength": -15.984764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.038906, "energy": 22.450367, "activity_lines": [ 0.2696, 0.265053, 0.270282, 0.275174 ] }, { "date": "2024-08-16", "close": 0.2532, "volume": 2019278, "typical_volume": 2654757.9, "trend": 0.280797, "fair_value": 0.388715, "relative_strength": -24.902355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.806405, "energy": 26.261255, "activity_lines": [ 0.26588, 0.263029, 0.268101, 0.273244 ] }, { "date": "2024-08-23", "close": 0.2413, "volume": 2469237, "typical_volume": 2606210.5, "trend": 0.278477, "fair_value": 0.387847, "relative_strength": -28.904277, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.95992, "energy": 39.682785, "activity_lines": [ 0.257707, 0.259175, 0.2649, 0.270696 ] }, { "date": "2024-08-30", "close": 0.2439, "volume": 4454405, "typical_volume": 2649710.3, "trend": 0.276333, "fair_value": 0.387054, "relative_strength": -28.929864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.007781, "energy": 60.497752, "activity_lines": [ 0.251507, 0.256285, 0.262142, 0.268465 ] }, { "date": "2024-09-06", "close": 0.2628, "volume": 3526525, "typical_volume": 2285754.95, "trend": 0.275057, "fair_value": 0.386317, "relative_strength": -20.155702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.780313, "energy": 57.188283, "activity_lines": [ 0.253027, 0.257213, 0.261422, 0.267592 ] }, { "date": "2024-09-13", "close": 0.2449, "volume": 4907509, "typical_volume": 2366750.5, "trend": 0.27324, "fair_value": 0.385405, "relative_strength": -25.416881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.089341, "energy": 63.521357, "activity_lines": [ 0.249547, 0.254867, 0.259232, 0.265646 ] }, { "date": "2024-09-20", "close": 0.2393, "volume": 2918936, "typical_volume": 2339258.4, "trend": 0.271507, "fair_value": 0.384456, "relative_strength": -26.602088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.755327, "energy": 61.496211, "activity_lines": [ 0.24624, 0.251687, 0.25677, 0.263457 ] }, { "date": "2024-09-27", "close": 0.2333, "volume": 478000, "typical_volume": 2339927.1, "trend": 0.269653, "fair_value": 0.383308, "relative_strength": -29.388986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.666364, "energy": 56.07289, "activity_lines": [ 0.24186, 0.247536, 0.254005, 0.260992 ] }, { "date": "2024-10-04", "close": 0.2423, "volume": 2239838, "typical_volume": 2300898.15, "trend": 0.268327, "fair_value": 0.382319, "relative_strength": -23.031473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.070651, "energy": 58.555648, "activity_lines": [ 0.241013, 0.245469, 0.252342, 0.259227 ] }, { "date": "2024-10-11", "close": 0.2342, "volume": 1917596, "typical_volume": 2353793.3, "trend": 0.266507, "fair_value": 0.381356, "relative_strength": -26.037695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.24725, "energy": 62.715235, "activity_lines": [ 0.237573, 0.242345, 0.250058, 0.257025 ] }, { "date": "2024-10-18", "close": 0.2328, "volume": 2683446, "typical_volume": 2341843.1, "trend": 0.265, "fair_value": 0.380471, "relative_strength": -27.04531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.979842, "energy": 62.212856, "activity_lines": [ 0.235573, 0.239751, 0.24783, 0.254851 ] }, { "date": "2024-10-25", "close": 0.2356, "volume": 1344316, "typical_volume": 2319348.8, "trend": 0.263627, "fair_value": 0.379646, "relative_strength": -23.78462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.785897, "energy": 50.841953, "activity_lines": [ 0.235313, 0.238442, 0.246119, 0.252954 ] }, { "date": "2024-11-01", "close": 0.2429, "volume": 897242, "typical_volume": 2241245.9, "trend": 0.2623, "fair_value": 0.378982, "relative_strength": -20.074689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.801075, "energy": 44.194172, "activity_lines": [ 0.237733, 0.23878, 0.245274, 0.251617 ] }, { "date": "2024-11-08", "close": 0.226, "volume": 6254113, "typical_volume": 2438826.85, "trend": 0.260047, "fair_value": 0.378163, "relative_strength": -22.565111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.33333, "energy": 51.289471, "activity_lines": [ 0.23388, 0.236016, 0.242941, 0.249275 ] }, { "date": "2024-11-15", "close": 0.2391, "volume": 2932169, "typical_volume": 2475849.2, "trend": 0.25761, "fair_value": 0.377433, "relative_strength": -18.025078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.166606, "energy": 40.103556, "activity_lines": [ 0.23548, 0.23596, 0.24204, 0.247923 ] }, { "date": "2024-11-22", "close": 0.237, "volume": 1391764, "typical_volume": 2499984.25, "trend": 0.25552, "fair_value": 0.37658, "relative_strength": -16.138572, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.302825, "energy": 33.246651, "activity_lines": [ 0.236053, 0.235953, 0.241048, 0.246594 ] }, { "date": "2024-11-29", "close": 0.2281, "volume": 795067, "typical_volume": 2489095.9, "trend": 0.25326, "fair_value": 0.375613, "relative_strength": -18.18547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.766185, "energy": 46.035715, "activity_lines": [ 0.23338, 0.234471, 0.239294, 0.244825 ] }, { "date": "2024-12-06", "close": 0.2241, "volume": 2069157, "typical_volume": 2538371.4, "trend": 0.251247, "fair_value": 0.374781, "relative_strength": -21.777603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.074059, "energy": 50.344367, "activity_lines": [ 0.229873, 0.232465, 0.237243, 0.242943 ] }, { "date": "2024-12-13", "close": 0.2295, "volume": 970748, "typical_volume": 2541573.8, "trend": 0.249767, "fair_value": 0.373959, "relative_strength": -19.412285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.705315, "energy": 60.37768, "activity_lines": [ 0.22942, 0.231609, 0.235868, 0.24154 ] }, { "date": "2024-12-20", "close": 0.2387, "volume": 1673817, "typical_volume": 2428813.0, "trend": 0.24859, "fair_value": 0.373271, "relative_strength": -12.672023, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.310842, "energy": 40.517801, "activity_lines": [ 0.2318, 0.232658, 0.235539, 0.240826 ] }, { "date": "2024-12-27", "close": 0.2374, "volume": 879643, "typical_volume": 2341140.3, "trend": 0.24699, "fair_value": 0.372644, "relative_strength": -13.40177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.969029, "energy": 27.090767, "activity_lines": [ 0.233773, 0.233389, 0.23527, 0.240105 ] }, { "date": "2025-01-03", "close": 0.2447, "volume": 218835, "typical_volume": 2251118.15, "trend": 0.246097, "fair_value": 0.37196, "relative_strength": -9.847528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.840573, "energy": 15.182456, "activity_lines": [ 0.238153, 0.235364, 0.235878, 0.239957 ] }, { "date": "2025-01-10", "close": 0.2548, "volume": 1487985, "typical_volume": 2202055.55, "trend": 0.245643, "fair_value": 0.371312, "relative_strength": -7.965043, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.29352, "energy": 25.612755, "activity_lines": [ 0.244793, 0.239009, 0.237488, 0.240518 ] }, { "date": "2025-01-17", "close": 0.2378, "volume": 2072510, "typical_volume": 2082960.8, "trend": 0.244743, "fair_value": 0.370396, "relative_strength": -16.058085, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.644009, "energy": 18.17489, "activity_lines": [ 0.24372, 0.239347, 0.237414, 0.240012 ] }, { "date": "2025-01-24", "close": 0.2252, "volume": 2678896, "typical_volume": 2040579.35, "trend": 0.243523, "fair_value": 0.369223, "relative_strength": -19.563929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.68715, "energy": 17.716695, "activity_lines": [ 0.237893, 0.23718, 0.23617, 0.238751 ] }, { "date": "2025-01-31", "close": 0.2284, "volume": 1722299, "typical_volume": 1881318.85, "trend": 0.242637, "fair_value": 0.368266, "relative_strength": -18.260698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.320937, "energy": 20.729009, "activity_lines": [ 0.234033, 0.235847, 0.23541, 0.237776 ] }, { "date": "2025-02-07", "close": 0.2352, "volume": 3799350, "typical_volume": 1925339.55, "trend": 0.24228, "fair_value": 0.367376, "relative_strength": -16.458092, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.97977, "energy": 26.362919, "activity_lines": [ 0.23304, 0.235907, 0.235375, 0.237296 ] }, { "date": "2025-02-14", "close": 0.2264, "volume": 2317693, "typical_volume": 2017324.2, "trend": 0.24123, "fair_value": 0.366274, "relative_strength": -20.840028, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.358501, "energy": 38.088878, "activity_lines": [ 0.229747, 0.234238, 0.234522, 0.236271 ] }, { "date": "2025-02-21", "close": 0.2305, "volume": 6424618, "typical_volume": 2226563.2, "trend": 0.240073, "fair_value": 0.365192, "relative_strength": -19.739587, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.467807, "energy": 41.794075, "activity_lines": [ 0.229713, 0.233273, 0.234093, 0.235579 ] }, { "date": "2025-02-28", "close": 0.2488, "volume": 9077693, "typical_volume": 2584568.05, "trend": 0.239123, "fair_value": 0.364079, "relative_strength": -13.37138, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.056534, "energy": 1.145717, "activity_lines": [ 0.236267, 0.235616, 0.235462, 0.236142 ] }, { "date": "2025-03-07", "close": 0.2539, "volume": 14054408, "typical_volume": 3153116.15, "trend": 0.238403, "fair_value": 0.362969, "relative_strength": -11.023836, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.857472, "energy": 26.495462, "activity_lines": [ 0.242947, 0.238704, 0.237248, 0.237095 ] }, { "date": "2025-03-14", "close": 0.2599, "volume": 9531075, "typical_volume": 3562454.1, "trend": 0.238627, "fair_value": 0.362142, "relative_strength": -8.643034, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.710599, "energy": 46.633781, "activity_lines": [ 0.249927, 0.242582, 0.239505, 0.238482 ] }, { "date": "2025-03-21", "close": 0.258, "volume": 3319831, "typical_volume": 3683583.55, "trend": 0.239183, "fair_value": 0.361392, "relative_strength": -9.846154, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.147229, "energy": 68.917634, "activity_lines": [ 0.254627, 0.245838, 0.241465, 0.239732 ] }, { "date": "2025-03-28", "close": 0.2629, "volume": 4547602, "typical_volume": 3598258.0, "trend": 0.239817, "fair_value": 0.360703, "relative_strength": -7.142433, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.633327, "energy": 74.280325, "activity_lines": [ 0.258853, 0.249927, 0.24382, 0.241262 ] }, { "date": "2025-04-04", "close": 0.2987, "volume": 25007552, "typical_volume": 4702027.15, "trend": 0.241013, "fair_value": 0.360182, "relative_strength": 17.860149, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.613819, "energy": 87.01612, "activity_lines": [ 0.272853, 0.260069, 0.249408, 0.245061 ] }, { "date": "2025-04-11", "close": 0.272, "volume": 10165280, "typical_volume": 5140702.95, "trend": 0.241917, "fair_value": 0.359397, "relative_strength": 9.485732, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.021744, "energy": 67.415537, "activity_lines": [ 0.274627, 0.26402, 0.25217, 0.24706 ] }, { "date": "2025-04-18", "close": 0.2671, "volume": 2350623, "typical_volume": 5218480.75, "trend": 0.242843, "fair_value": 0.358473, "relative_strength": 2.15948, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.865864, "energy": 52.380193, "activity_lines": [ 0.27356, 0.266287, 0.254299, 0.248685 ] }, { "date": "2025-04-25", "close": 0.248, "volume": 1732821, "typical_volume": 5201663.95, "trend": 0.243333, "fair_value": 0.357229, "relative_strength": -8.107027, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.358837, "energy": 36.876184, "activity_lines": [ 0.265647, 0.264502, 0.254422, 0.249018 ] }, { "date": "2025-05-02", "close": 0.2332, "volume": 4120737, "typical_volume": 5359163.4, "trend": 0.24303, "fair_value": 0.355808, "relative_strength": -15.187612, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.927592, "energy": 13.649631, "activity_lines": [ 0.253467, 0.259633, 0.253023, 0.248364 ] }, { "date": "2025-05-09", "close": 0.2352, "volume": 820339, "typical_volume": 5316489.5, "trend": 0.243063, "fair_value": 0.354212, "relative_strength": -16.222281, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.139278, "energy": 19.679563, "activity_lines": [ 0.243933, 0.255078, 0.251796, 0.247859 ] }, { "date": "2025-05-16", "close": 0.217, "volume": 2604106, "typical_volume": 5402712.65, "trend": 0.242537, "fair_value": 0.352317, "relative_strength": -24.662392, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.354807, "energy": 36.044929, "activity_lines": [ 0.232567, 0.247462, 0.248853, 0.246177 ] }, { "date": "2025-05-23", "close": 0.2229, "volume": 8101394, "typical_volume": 5796840.6, "trend": 0.242113, "fair_value": 0.350904, "relative_strength": -19.798676, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.318682, "energy": 39.69941, "activity_lines": [ 0.226833, 0.241589, 0.246569, 0.244911 ] }, { "date": "2025-05-30", "close": 0.215, "volume": 3994336, "typical_volume": 5922158.15, "trend": 0.241183, "fair_value": 0.349424, "relative_strength": -23.211615, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.029693, "energy": 53.699065, "activity_lines": [ 0.221413, 0.234953, 0.243636, 0.243161 ] }, { "date": "2025-06-06", "close": 0.208, "volume": 1106914, "typical_volume": 5873878.35, "trend": 0.240583, "fair_value": 0.347558, "relative_strength": -26.102528, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.298958, "energy": 61.846696, "activity_lines": [ 0.21586, 0.227825, 0.240226, 0.24102 ] }, { "date": "2025-06-13", "close": 0.2041, "volume": 17788598, "typical_volume": 6629363.45, "trend": 0.239417, "fair_value": 0.345272, "relative_strength": -24.7146, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.014496, "energy": 71.762756, "activity_lines": [ 0.210687, 0.220987, 0.236586, 0.238667 ] }, { "date": "2025-06-20", "close": 0.2116, "volume": 4131508, "typical_volume": 6749823.9, "trend": 0.23857, "fair_value": 0.343442, "relative_strength": -20.969132, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.979391, "energy": 63.852552, "activity_lines": [ 0.210087, 0.217233, 0.233761, 0.236872 ] }, { "date": "2025-06-27", "close": 0.1914, "volume": 5168623, "typical_volume": 6818287.55, "trend": 0.237347, "fair_value": 0.341254, "relative_strength": -28.814951, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.855129, "energy": 71.282844, "activity_lines": [ 0.203113, 0.210904, 0.229093, 0.233829 ] }, { "date": "2025-07-04", "close": 0.1868, "volume": 1082979, "typical_volume": 6756551.85, "trend": 0.236103, "fair_value": 0.339216, "relative_strength": -29.758697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.387303, "energy": 80.543079, "activity_lines": [ 0.196707, 0.205115, 0.224195, 0.230568 ] }, { "date": "2025-07-11", "close": 0.1878, "volume": 2984805, "typical_volume": 6584561.2, "trend": 0.234713, "fair_value": 0.337058, "relative_strength": -29.697686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.710015, "energy": 89.047582, "activity_lines": [ 0.192513, 0.20062, 0.21958, 0.227451 ] }, { "date": "2025-07-18", "close": 0.1864, "volume": 1933587, "typical_volume": 6227355.9, "trend": 0.23297, "fair_value": 0.335137, "relative_strength": -30.038722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.397516, "energy": 89.315697, "activity_lines": [ 0.1892, 0.196696, 0.215036, 0.224334 ] }, { "date": "2025-07-25", "close": 0.1807, "volume": 6239350, "typical_volume": 5836603.0, "trend": 0.23108, "fair_value": 0.333356, "relative_strength": -32.195496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.9252, "energy": 91.239774, "activity_lines": [ 0.185167, 0.192624, 0.210246, 0.220962 ] }, { "date": "2025-08-01", "close": 0.1927, "volume": 1993051, "typical_volume": 5459701.8, "trend": 0.229347, "fair_value": 0.331669, "relative_strength": -25.434658, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.587388, "energy": 86.408886, "activity_lines": [ 0.187193, 0.191393, 0.206948, 0.218486 ] }, { "date": "2025-08-08", "close": 0.1824, "volume": 6852350, "typical_volume": 5636327.75, "trend": 0.226933, "fair_value": 0.330121, "relative_strength": -31.396608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.478327, "energy": 76.573643, "activity_lines": [ 0.1857, 0.188838, 0.202988, 0.215457 ] }, { "date": "2025-08-15", "close": 0.1785, "volume": 3361812, "typical_volume": 5577038.25, "trend": 0.224957, "fair_value": 0.328474, "relative_strength": -33.791307, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.573439, "energy": 77.326843, "activity_lines": [ 0.1832, 0.186167, 0.199017, 0.212332 ] }, { "date": "2025-08-22", "close": 0.1766, "volume": 1284337, "typical_volume": 4390877.5, "trend": 0.223337, "fair_value": 0.326658, "relative_strength": -34.875297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.387972, "energy": 68.818546, "activity_lines": [ 0.180687, 0.183687, 0.195267, 0.209213 ] }, { "date": "2025-08-29", "close": 0.1784, "volume": 3600488, "typical_volume": 4062637.9, "trend": 0.22167, "fair_value": 0.324713, "relative_strength": -31.874592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.512704, "energy": 71.963924, "activity_lines": [ 0.179427, 0.182035, 0.19227, 0.206314 ] }, { "date": "2025-09-05", "close": 0.177, "volume": 3063774, "typical_volume": 4098295.45, "trend": 0.21973, "fair_value": 0.322834, "relative_strength": -30.672042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.831721, "energy": 75.939528, "activity_lines": [ 0.177853, 0.180731, 0.189585, 0.203432 ] }, { "date": "2025-09-12", "close": 0.1716, "volume": 1880793, "typical_volume": 4105694.05, "trend": 0.217903, "fair_value": 0.321027, "relative_strength": -33.620754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.359799, "energy": 70.032475, "activity_lines": [ 0.175527, 0.178707, 0.186815, 0.200326 ] }, { "date": "2025-09-19", "close": 0.1694, "volume": 6179979, "typical_volume": 4208656.15, "trend": 0.215867, "fair_value": 0.318387, "relative_strength": -33.42825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.548659, "energy": 70.163188, "activity_lines": [ 0.173187, 0.17656, 0.1842, 0.197197 ] }, { "date": "2025-09-26", "close": 0.1708, "volume": 1881437, "typical_volume": 4261711.05, "trend": 0.213267, "fair_value": 0.315739, "relative_strength": -32.820952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.810401, "energy": 69.884248, "activity_lines": [ 0.17192, 0.175002, 0.182021, 0.19429 ] }, { "date": "2025-10-03", "close": 0.1645, "volume": 3542519, "typical_volume": 4308631.7, "trend": 0.210287, "fair_value": 0.313075, "relative_strength": -35.504854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.367387, "energy": 78.804095, "activity_lines": [ 0.16894, 0.172582, 0.179549, 0.191143 ] }, { "date": "2025-10-10", "close": 0.1712, "volume": 3809732, "typical_volume": 4094048.6, "trend": 0.20733, "fair_value": 0.310371, "relative_strength": -30.320376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.124174, "energy": 65.828615, "activity_lines": [ 0.16912, 0.171675, 0.177965, 0.188622 ] }, { "date": "2025-10-17", "close": 0.1723, "volume": 9626607, "typical_volume": 4375662.15, "trend": 0.204473, "fair_value": 0.307817, "relative_strength": -28.802963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.294464, "energy": 61.921378, "activity_lines": [ 0.170053, 0.171358, 0.176732, 0.186362 ] }, { "date": "2025-10-24", "close": 0.1677, "volume": 11740168, "typical_volume": 4907324.85, "trend": 0.2013, "fair_value": 0.305612, "relative_strength": -31.247643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.155387, "energy": 60.741561, "activity_lines": [ 0.169407, 0.170389, 0.175265, 0.183989 ] }, { "date": "2025-10-31", "close": 0.1635, "volume": 7690134, "typical_volume": 4402401.65, "trend": 0.196793, "fair_value": 0.303153, "relative_strength": -33.318903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.895075, "energy": 62.098812, "activity_lines": [ 0.167473, 0.168853, 0.173589, 0.181551 ] }, { "date": "2025-11-07", "close": 0.1725, "volume": 15805940, "typical_volume": 4986123.25, "trend": 0.193477, "fair_value": 0.301279, "relative_strength": -28.582926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.667913, "energy": 50.156982, "activity_lines": [ 0.169027, 0.169191, 0.172964, 0.179983 ] }, { "date": "2025-11-14", "close": 0.1664, "volume": 17426360, "typical_volume": 5599010.1, "trend": 0.19012, "fair_value": 0.299385, "relative_strength": -32.049399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.714471, "energy": 50.956026, "activity_lines": [ 0.168013, 0.168527, 0.171944, 0.178236 ] }, { "date": "2025-11-21", "close": 0.1778, "volume": 14087434, "typical_volume": 6249232.85, "trend": 0.18778, "fair_value": 0.297672, "relative_strength": -24.36561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.696247, "energy": 30.354987, "activity_lines": [ 0.17112, 0.170129, 0.172129, 0.177442 ] }, { "date": "2025-11-28", "close": 0.1632, "volume": 29974927, "typical_volume": 7598738.95, "trend": 0.185447, "fair_value": 0.29593, "relative_strength": -30.951225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.885214, "energy": 32.835206, "activity_lines": [ 0.168993, 0.168964, 0.170966, 0.175856 ] }, { "date": "2025-12-05", "close": 0.1614, "volume": 6853141, "typical_volume": 7844716.65, "trend": 0.182987, "fair_value": 0.294076, "relative_strength": -31.168702, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.636076, "energy": 43.530954, "activity_lines": [ 0.166567, 0.167584, 0.169749, 0.174304 ] }, { "date": "2025-12-12", "close": 0.1624, "volume": 7089596, "typical_volume": 7887228.95, "trend": 0.181167, "fair_value": 0.292053, "relative_strength": -30.163215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.826602, "energy": 42.613147, "activity_lines": [ 0.164613, 0.166556, 0.168746, 0.172976 ] }, { "date": "2025-12-19", "close": 0.1624, "volume": 9570923, "typical_volume": 8266122.55, "trend": 0.17915, "fair_value": 0.290008, "relative_strength": -31.253033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.885748, "energy": 51.434914, "activity_lines": [ 0.163333, 0.165567, 0.16783, 0.171765 ] }, { "date": "2025-12-26", "close": 0.1589, "volume": 1010995, "typical_volume": 7974054.8, "trend": 0.17728, "fair_value": 0.287941, "relative_strength": -31.663552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.917924, "energy": 64.278463, "activity_lines": [ 0.161153, 0.164102, 0.166725, 0.170459 ] }, { "date": "2026-01-02", "close": 0.162, "volume": 2085837, "typical_volume": 7910256.05, "trend": 0.175747, "fair_value": 0.285954, "relative_strength": -30.586243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.974275, "energy": 50.242245, "activity_lines": [ 0.161267, 0.163444, 0.166028, 0.169473 ] }, { "date": "2026-01-09", "close": 0.1587, "volume": 9074662, "typical_volume": 8299772.3, "trend": 0.174233, "fair_value": 0.284159, "relative_strength": -31.543289, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.983341, "energy": 47.241713, "activity_lines": [ 0.16036, 0.162289, 0.165094, 0.168373 ] }, { "date": "2026-01-16", "close": 0.1594, "volume": 9322485, "typical_volume": 8585872.15, "trend": 0.172493, "fair_value": 0.282318, "relative_strength": -30.55267, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.164913, "energy": 44.571458, "activity_lines": [ 0.159867, 0.161349, 0.164313, 0.167416 ] }, { "date": "2026-01-23", "close": 0.1585, "volume": 12127576, "typical_volume": 9039062.25, "trend": 0.171397, "fair_value": 0.280648, "relative_strength": -28.719228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.803526, "energy": 41.630206, "activity_lines": [ 0.159273, 0.160484, 0.163536, 0.166514 ] }, { "date": "2026-01-30", "close": 0.1569, "volume": 5425668, "typical_volume": 9216306.0, "trend": 0.1704, "fair_value": 0.27911, "relative_strength": -29.748905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.138264, "energy": 44.293774, "activity_lines": [ 0.158407, 0.159471, 0.162695, 0.165578 ] }, { "date": "2026-02-06", "close": 0.1598, "volume": 13195777, "typical_volume": 9567095.9, "trend": 0.169467, "fair_value": 0.277424, "relative_strength": -28.190107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.810099, "energy": 37.794686, "activity_lines": [ 0.15864, 0.159365, 0.1622, 0.164894 ] }, { "date": "2026-02-13", "close": 0.1607, "volume": 9473887, "typical_volume": 9946718.4, "trend": 0.16861, "fair_value": 0.275706, "relative_strength": -26.369097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.456222, "energy": 33.120335, "activity_lines": [ 0.15932, 0.159485, 0.161837, 0.164329 ] }, { "date": "2026-02-20", "close": 0.1607, "volume": 4272820, "typical_volume": 9983233.45, "trend": 0.167943, "fair_value": 0.273828, "relative_strength": -27.280213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.14243, "energy": 25.883055, "activity_lines": [ 0.159867, 0.159618, 0.161522, 0.163818 ] }, { "date": "2026-02-27", "close": 0.1609, "volume": 4266394, "typical_volume": 10006066.55, "trend": 0.166883, "fair_value": 0.27204, "relative_strength": -27.437696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.8802, "energy": 20.057634, "activity_lines": [ 0.160393, 0.159818, 0.161244, 0.163364 ] }, { "date": "2026-03-06", "close": 0.1678, "volume": 12185396, "typical_volume": 10134006.0, "trend": 0.166397, "fair_value": 0.270185, "relative_strength": -18.153643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.263692, "energy": 11.749236, "activity_lines": [ 0.16306, 0.1613, 0.161672, 0.163423 ] }, { "date": "2026-03-13", "close": 0.1776, "volume": 22142957, "typical_volume": 10654145.45, "trend": 0.166367, "fair_value": 0.268392, "relative_strength": -12.714265, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.253563, "energy": 37.583824, "activity_lines": [ 0.168267, 0.164402, 0.163055, 0.164146 ] }, { "date": "2026-03-20", "close": 0.1813, "volume": 16684044, "typical_volume": 11103840.95, "trend": 0.166523, "fair_value": 0.266667, "relative_strength": -6.898828, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.463827, "energy": 63.350518, "activity_lines": [ 0.17352, 0.167893, 0.164743, 0.165109 ] }, { "date": "2026-03-27", "close": 0.1899, "volume": 8448346, "typical_volume": 10735961.25, "trend": 0.166907, "fair_value": 0.265219, "relative_strength": -2.700446, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.218637, "energy": 78.235725, "activity_lines": [ 0.180267, 0.172536, 0.167165, 0.166618 ] }, { "date": "2026-04-03", "close": 0.1798, "volume": 6240251, "typical_volume": 10176655.8, "trend": 0.167, "fair_value": 0.263722, "relative_strength": -10.622626, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.645466, "energy": 78.683466, "activity_lines": [ 0.1817, 0.174789, 0.168543, 0.167449 ] }, { "date": "2026-04-10", "close": 0.1639, "volume": 5343754, "typical_volume": 9739471.8, "trend": 0.166743, "fair_value": 0.262189, "relative_strength": -20.340533, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.324781, "energy": 49.043132, "activity_lines": [ 0.176573, 0.173764, 0.168342, 0.167249 ] }, { "date": "2026-04-17", "close": 0.1499, "volume": 5894155, "typical_volume": 8535433.2, "trend": 0.166093, "fair_value": 0.260551, "relative_strength": -27.620288, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 6.310372, "energy": 6.097365, "activity_lines": [ 0.16704, 0.170065, 0.166875, 0.166163 ] }, { "date": "2026-04-24", "close": 0.1509, "volume": 5001234, "typical_volume": 8442837.85, "trend": 0.16543, "fair_value": 0.258963, "relative_strength": -24.086184, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -30.471377, "energy": 33.480756, "activity_lines": [ 0.159687, 0.166729, 0.165566, 0.165183 ] }, { "date": "2026-05-01", "close": 0.1497, "volume": 3864542, "typical_volume": 8281585.15, "trend": 0.164937, "fair_value": 0.257329, "relative_strength": -24.574032, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "down", "direction": -59.414989, "energy": 51.368302, "activity_lines": [ 0.15396, 0.163353, 0.164192, 0.164168 ] }, { "date": "2026-05-08", "close": 0.1405, "volume": 3095277, "typical_volume": 7957802.85, "trend": 0.163913, "fair_value": 0.255588, "relative_strength": -29.682039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.691955, "energy": 79.707961, "activity_lines": [ 0.147847, 0.158504, 0.162003, 0.162591 ] }, { "date": "2026-05-15", "close": 0.1408, "volume": 1863486, "typical_volume": 8000427.4, "trend": 0.162863, "fair_value": 0.253928, "relative_strength": -28.443508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.951858, "energy": 83.683473, "activity_lines": [ 0.144453, 0.15408, 0.159947, 0.1611 ] }, { "date": "2026-05-22", "close": 0.1388, "volume": 11256243, "typical_volume": 8458947.7, "trend": 0.1619, "fair_value": 0.252223, "relative_strength": -29.054433, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.165558, "energy": 83.827017, "activity_lines": [ 0.141933, 0.149784, 0.157787, 0.159548 ] }, { "date": "2026-05-29", "close": 0.1349, "volume": 5534064, "typical_volume": 8281917.8, "trend": 0.160947, "fair_value": 0.250604, "relative_strength": -30.875388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.553308, "energy": 85.872423, "activity_lines": [ 0.138853, 0.145484, 0.155365, 0.157806 ] }, { "date": "2026-06-05", "close": 0.14, "volume": 749781, "typical_volume": 7853282.6, "trend": 0.159863, "fair_value": 0.249043, "relative_strength": -27.223638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.364815, "energy": 76.825171, "activity_lines": [ 0.13854, 0.142955, 0.153543, 0.156454 ] }, { "date": "2026-06-12", "close": 0.1407, "volume": 5729590, "typical_volume": 7533383.3, "trend": 0.159007, "fair_value": 0.247654, "relative_strength": -28.263832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.406248, "energy": 66.505508, "activity_lines": [ 0.139107, 0.14146, 0.15188, 0.155218 ] }, { "date": "2026-06-19", "close": 0.1404, "volume": 1522682, "typical_volume": 7338234.0, "trend": 0.15776, "fair_value": 0.246165, "relative_strength": -29.270571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.205127, "energy": 58.100434, "activity_lines": [ 0.13956, 0.140622, 0.150272, 0.154017 ] }, { "date": "2026-06-26", "close": 0.1462, "volume": 310752, "typical_volume": 6693982.75, "trend": 0.157193, "fair_value": 0.244818, "relative_strength": -23.30167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.074206, "energy": 42.22136, "activity_lines": [ 0.141973, 0.141265, 0.149296, 0.153272 ] }, { "date": "2026-07-03", "close": 0.141, "volume": 1778542, "typical_volume": 6309215.5, "trend": 0.156513, "fair_value": 0.243411, "relative_strength": -27.43847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.049291, "energy": 40.210597, "activity_lines": [ 0.14216, 0.141031, 0.14789, 0.152227 ] }, { "date": "2026-07-10", "close": 0.1393, "volume": 2836181, "typical_volume": 6237383.55, "trend": 0.155743, "fair_value": 0.242149, "relative_strength": -27.258986, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.435563, "energy": 44.939596, "activity_lines": [ 0.141373, 0.140667, 0.146415, 0.151116 ] }, { "date": "2026-07-17", "close": 0.1423, "volume": 5587801, "typical_volume": 6303453.9, "trend": 0.155073, "fair_value": 0.240911, "relative_strength": -23.887513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.318282, "energy": 47.731866, "activity_lines": [ 0.141633, 0.141038, 0.145328, 0.150249 ] }, { "date": "2026-07-24", "close": 0.1444, "volume": 3349342, "typical_volume": 5861651.2, "trend": 0.15459, "fair_value": 0.239698, "relative_strength": -21.958048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.725916, "energy": 40.727117, "activity_lines": [ 0.142487, 0.141758, 0.144529, 0.14956 ] }, { "date": "2026-07-31", "close": 0.1439, "volume": 1613828, "typical_volume": 4835194.75, "trend": 0.153987, "fair_value": 0.238422, "relative_strength": -21.912614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.350076, "energy": 33.579092, "activity_lines": [ 0.142907, 0.142322, 0.143794, 0.148871 ] }, { "date": "2026-08-07", "close": 0.1312, "volume": 3181760, "typical_volume": 4160080.55, "trend": 0.15307, "fair_value": 0.236973, "relative_strength": -30.112618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.063962, "energy": 54.331546, "activity_lines": [ 0.139247, 0.140484, 0.14201, 0.147401 ] } ], "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." } } }