{ "ticker": { "uuid": "32920004-c116-47ce-8097-58c7342fe6bd", "symbol": "IQM", "name": "FRANKLIN INTELLIGENT MACHINES ETF", "exchange": "CBOE", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 84.751, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 4.795, "architecture_energy": 18.881, "architecture_maturity": 81.043, "architecture_confidence": 87.718, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 58.99, "rotation_up": 15.59, "upward_expansion": 41.29, "deceleration": 87.14, "rotation_down": 43.6, "downward_expansion": 35.29 }, "activity_lines": [ 105.413867, 108.633311, 110.177793, 107.097459 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 107.9274, "trend_reference": 102.898837, "distance_from_trend": 0.048869, "trend_direction": "Improving", "fair_value": 71.871206, "distance_from_fair_value": 0.501678, "fair_value_direction": "Weakening", "relative_strength": 0.611717, "relative_strength_direction": "Weakening", "price_momentum": 0.173889, "excess_performance": 0.048265, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.048869, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.079853, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.501678, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.183216, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.006117, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.151818, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.173889, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.401175, "read": "Demand-led" } ], "volume": { "latest": 190447, "relative_activity": 4.167846, "balance": 3.401175, "dry_up": 1.713062, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.086212, "annualized_volatility": 0.305741, "from_high_reference": -0.144859, "from_low_reference": 0.399475 }, "levels": { "trend_reference": 102.898837, "fair_value_reference": 71.871206, "structural_low": 82.74, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": 0.02419, "positive_rate": 0.685714, "directional_follow_through": 0.685714, "median_excess_return": -0.00107, "regime_survival": 0.742857, "best_return": 0.118006, "worst_return": -0.168175, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.055283, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.016631, "regime_survival": 0.642857, "best_return": 0.179932, "worst_return": -0.210197, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.122454, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": 0.038219, "regime_survival": 0.75, "best_return": 0.300929, "worst_return": -0.171458, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.345087, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.096161, "regime_survival": 0.5, "best_return": 0.376776, "worst_return": -0.292611, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.043191, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.079082, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.070294, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-10-11", "tenure": "Developing", "return": 0.142252, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-02-21", "tenure": "Established", "return": 0.029196, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": -0.048756, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.141588, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.202023, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.098616, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-21", "tenure": "Established", "return": 0.082993, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.053505, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-03-20", "tenure": "Developing", "return": -0.071574, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.199977, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": -0.000408, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 44.8063, "volume": 14897, "typical_volume": 28538.85, "trend": 44.580373, "fair_value": 43.051882, "relative_strength": 0.622967, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.064019, "energy": 18.899077, "activity_lines": [ 46.58592, 47.615204, 47.133574, 46.062891 ] }, { "date": "2023-08-25", "close": 45.87, "volume": 9610, "typical_volume": 28782.6, "trend": 44.757617, "fair_value": 43.124692, "relative_strength": 2.052272, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.648495, "energy": 24.857064, "activity_lines": [ 46.06854, 47.212969, 47.112538, 46.146093 ] }, { "date": "2023-09-01", "close": 47.6615, "volume": 10586, "typical_volume": 29216.1, "trend": 44.952667, "fair_value": 43.216767, "relative_strength": 3.180178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.756218, "energy": 21.598769, "activity_lines": [ 46.37166, 47.191916, 47.246232, 46.33344 ] }, { "date": "2023-09-08", "close": 45.972, "volume": 7742, "typical_volume": 29388.8, "trend": 45.109837, "fair_value": 43.305406, "relative_strength": 0.660418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.231197, "energy": 14.746993, "activity_lines": [ 46.249513, 46.860096, 47.197418, 46.399204 ] }, { "date": "2023-09-15", "close": 45.1989, "volume": 12719, "typical_volume": 29889.2, "trend": 45.236483, "fair_value": 43.382137, "relative_strength": -0.999707, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.808391, "energy": 11.978671, "activity_lines": [ 45.960887, 46.442336, 47.061255, 46.40495 ] }, { "date": "2023-09-22", "close": 43.5936, "volume": 10793, "typical_volume": 29965.45, "trend": 45.340927, "fair_value": 43.449623, "relative_strength": -1.753844, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -35.081005, "energy": 38.030926, "activity_lines": [ 45.191507, 45.784389, 46.758035, 46.298957 ] }, { "date": "2023-09-29", "close": 44.2157, "volume": 10350, "typical_volume": 29920.25, "trend": 45.41432, "fair_value": 43.517117, "relative_strength": 0.193304, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.975625, "energy": 47.131847, "activity_lines": [ 44.71034, 45.361667, 46.50967, 46.226362 ] }, { "date": "2023-10-06", "close": 44.7618, "volume": 13346, "typical_volume": 30287.55, "trend": 45.565863, "fair_value": 43.574867, "relative_strength": 0.776965, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.894287, "energy": 46.962783, "activity_lines": [ 44.521493, 45.129224, 46.30523, 46.184264 ] }, { "date": "2023-10-13", "close": 44.367, "volume": 7878, "typical_volume": 30186.0, "trend": 45.662763, "fair_value": 43.62766, "relative_strength": -0.793298, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.577572, "energy": 50.693332, "activity_lines": [ 44.39436, 44.915329, 46.061602, 46.106918 ] }, { "date": "2023-10-20", "close": 42.3825, "volume": 8723, "typical_volume": 29372.05, "trend": 45.66402, "fair_value": 43.671053, "relative_strength": -3.054112, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.211555, "energy": 59.118072, "activity_lines": [ 43.712727, 44.394676, 45.637845, 45.895288 ] }, { "date": "2023-10-27", "close": 41.2202, "volume": 9808, "typical_volume": 29298.65, "trend": 45.568693, "fair_value": 43.721709, "relative_strength": -3.398744, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.956643, "energy": 67.432356, "activity_lines": [ 42.83142, 43.728725, 45.125467, 45.60859 ] }, { "date": "2023-11-03", "close": 44.2597, "volume": 12616, "typical_volume": 27311.8, "trend": 45.626233, "fair_value": 43.767208, "relative_strength": -2.123682, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.014029, "energy": 61.020531, "activity_lines": [ 43.121507, 43.680613, 44.930838, 45.524139 ] }, { "date": "2023-11-10", "close": 45.4684, "volume": 6304, "typical_volume": 26847.65, "trend": 45.70436, "fair_value": 43.822632, "relative_strength": -0.861542, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.126112, "energy": 39.989177, "activity_lines": [ 43.81156, 43.881542, 44.873515, 45.513956 ] }, { "date": "2023-11-17", "close": 47.4443, "volume": 8165, "typical_volume": 26198.45, "trend": 45.84948, "fair_value": 43.883984, "relative_strength": 0.991303, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.843739, "energy": 12.521589, "activity_lines": [ 45.11314, 44.4816, 45.013878, 45.62621 ] }, { "date": "2023-11-24", "close": 47.5863, "volume": 3545, "typical_volume": 15061.35, "trend": 46.028253, "fair_value": 43.935323, "relative_strength": 0.180655, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 17.36647, "energy": 28.920127, "activity_lines": [ 46.2569, 45.080707, 45.175059, 45.738263 ] }, { "date": "2023-12-01", "close": 48.0651, "volume": 10814, "typical_volume": 14591.2, "trend": 46.208053, "fair_value": 43.982639, "relative_strength": 0.260668, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.306493, "energy": 41.96772, "activity_lines": [ 47.21334, 45.723462, 45.384009, 45.869673 ] }, { "date": "2023-12-08", "close": 48.2016, "volume": 99600, "typical_volume": 18525.3, "trend": 46.397513, "fair_value": 44.031097, "relative_strength": 0.21245, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.961286, "energy": 56.072446, "activity_lines": [ 47.758953, 46.309735, 45.616648, 45.998289 ] }, { "date": "2023-12-15", "close": 50.7046, "volume": 20718, "typical_volume": 18822.65, "trend": 46.60672, "fair_value": 44.084888, "relative_strength": 2.788855, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.249962, "energy": 71.628786, "activity_lines": [ 48.876107, 47.278627, 46.092518, 46.276165 ] }, { "date": "2023-12-22", "close": 50.865, "volume": 17051, "typical_volume": 15557.8, "trend": 46.76122, "fair_value": 44.134691, "relative_strength": 1.972995, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.24019, "energy": 76.778547, "activity_lines": [ 49.697647, 48.168633, 46.579023, 46.550893 ] }, { "date": "2023-12-29", "close": 51.0175, "volume": 45590, "typical_volume": 17042.75, "trend": 46.894537, "fair_value": 44.183833, "relative_strength": 1.711342, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.633413, "energy": 77.791142, "activity_lines": [ 50.341973, 48.96822, 47.063268, 46.825492 ] }, { "date": "2024-01-05", "close": 48.4878, "volume": 6241, "typical_volume": 16609.95, "trend": 46.93888, "fair_value": 44.199408, "relative_strength": -1.941108, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.999136, "energy": 63.267223, "activity_lines": [ 49.91432, 49.150862, 47.282763, 46.928283 ] }, { "date": "2024-01-12", "close": 50.2928, "volume": 12580, "typical_volume": 16758.45, "trend": 46.98464, "fair_value": 44.226105, "relative_strength": -0.276081, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.550792, "energy": 57.998155, "activity_lines": [ 50.060153, 49.529547, 47.656632, 47.144665 ] }, { "date": "2024-01-19", "close": 52.3401, "volume": 6000, "typical_volume": 16529.15, "trend": 47.147167, "fair_value": 44.256018, "relative_strength": 2.390212, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.506296, "energy": 62.500971, "activity_lines": [ 50.749007, 50.170776, 48.204421, 47.490178 ] }, { "date": "2024-01-26", "close": 52.7617, "volume": 17272, "typical_volume": 17005.65, "trend": 47.273347, "fair_value": 44.307148, "relative_strength": 2.035272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.196188, "energy": 63.509552, "activity_lines": [ 51.46936, 50.76372, 48.770084, 47.852406 ] }, { "date": "2024-02-02", "close": 53.43, "volume": 9344, "typical_volume": 16836.9, "trend": 47.45296, "fair_value": 44.346615, "relative_strength": 1.782377, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.794466, "energy": 89.105515, "activity_lines": [ 52.286033, 51.381493, 49.367062, 48.24961 ] }, { "date": "2024-02-09", "close": 55.7901, "volume": 9556, "typical_volume": 16775.05, "trend": 47.63563, "fair_value": 44.387979, "relative_strength": 4.66171, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.709554, "energy": 94.796167, "activity_lines": [ 53.728573, 52.322125, 50.149616, 48.78749 ] }, { "date": "2024-02-16", "close": 55.2166, "volume": 18403, "typical_volume": 17177.7, "trend": 47.835517, "fair_value": 44.434387, "relative_strength": 3.798691, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.76974, "energy": 91.13387, "activity_lines": [ 54.493127, 53.018031, 50.819472, 49.276585 ] }, { "date": "2024-02-23", "close": 56.1961, "volume": 18149, "typical_volume": 17417.85, "trend": 48.051053, "fair_value": 44.509512, "relative_strength": 3.773656, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.131837, "energy": 90.386567, "activity_lines": [ 55.255927, 53.764482, 51.530229, 49.815977 ] }, { "date": "2024-03-01", "close": 58.3598, "volume": 23865, "typical_volume": 18217.2, "trend": 48.41837, "fair_value": 44.617507, "relative_strength": 6.559832, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.916554, "energy": 90.805472, "activity_lines": [ 56.482893, 54.804487, 52.392603, 50.481057 ] }, { "date": "2024-03-08", "close": 58.3169, "volume": 29081, "typical_volume": 19235.1, "trend": 48.828463, "fair_value": 44.71595, "relative_strength": 6.560097, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.850779, "energy": 77.177633, "activity_lines": [ 57.322353, 55.700424, 53.184259, 51.119672 ] }, { "date": "2024-03-15", "close": 56.8295, "volume": 11441, "typical_volume": 19316.75, "trend": 49.229237, "fair_value": 44.810161, "relative_strength": 3.834978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.59256, "energy": 66.809725, "activity_lines": [ 57.34022, 56.193207, 53.75838, 51.635868 ] }, { "date": "2024-03-22", "close": 58.8748, "volume": 8569, "typical_volume": 19114.4, "trend": 49.66273, "fair_value": 44.916895, "relative_strength": 5.140423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.83668, "energy": 69.634655, "activity_lines": [ 57.97056, 56.906196, 54.452961, 52.258163 ] }, { "date": "2024-03-29", "close": 58.3983, "volume": 5538, "typical_volume": 19076.1, "trend": 50.020623, "fair_value": 45.008711, "relative_strength": 3.873923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.703626, "energy": 65.284456, "activity_lines": [ 58.198187, 57.376513, 55.032566, 52.821748 ] }, { "date": "2024-04-05", "close": 57.5627, "volume": 9611, "typical_volume": 19148.4, "trend": 50.40698, "fair_value": 45.088072, "relative_strength": 3.201104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.906844, "energy": 60.282599, "activity_lines": [ 58.000467, 57.584753, 55.471019, 53.308333 ] }, { "date": "2024-04-12", "close": 56.8824, "volume": 7545, "typical_volume": 19348.4, "trend": 50.79643, "fair_value": 45.155172, "relative_strength": 3.397219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.305913, "energy": 54.651838, "activity_lines": [ 57.62912, 57.582011, 55.796499, 53.726102 ] }, { "date": "2024-04-19", "close": 52.77, "volume": 8368, "typical_volume": 19226.1, "trend": 51.10231, "fair_value": 45.194963, "relative_strength": -1.047608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.613077, "energy": 23.383092, "activity_lines": [ 55.982607, 56.768789, 55.686054, 53.853429 ] }, { "date": "2024-04-26", "close": 56.4881, "volume": 8907, "typical_volume": 14691.45, "trend": 51.51139, "fair_value": 45.264734, "relative_strength": 3.044429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.999321, "energy": 23.454794, "activity_lines": [ 55.846093, 56.686496, 55.90731, 54.2009 ] }, { "date": "2024-05-03", "close": 56.7592, "volume": 9924, "typical_volume": 14151.75, "trend": 51.911303, "fair_value": 45.343616, "relative_strength": 2.813682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.286956, "energy": 22.442538, "activity_lines": [ 55.95906, 56.630376, 56.114925, 54.539468 ] }, { "date": "2024-05-10", "close": 57.802, "volume": 10360, "typical_volume": 13817.2, "trend": 52.359137, "fair_value": 45.440316, "relative_strength": 2.669942, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.721265, "energy": 22.646521, "activity_lines": [ 56.5289, 56.753618, 56.393023, 54.919513 ] }, { "date": "2024-05-17", "close": 58.9279, "volume": 8585, "typical_volume": 11966.95, "trend": 52.91065, "fair_value": 45.543112, "relative_strength": 2.90131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.702783, "energy": 42.604773, "activity_lines": [ 57.458087, 57.091711, 56.745316, 55.343304 ] }, { "date": "2024-05-24", "close": 60.98, "volume": 9604, "typical_volume": 12135.1, "trend": 53.56931, "fair_value": 45.648202, "relative_strength": 6.420358, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.849141, "energy": 66.473073, "activity_lines": [ 58.93494, 57.791804, 57.255379, 55.863908 ] }, { "date": "2024-05-31", "close": 59.7902, "volume": 7091, "typical_volume": 11860.65, "trend": 54.086993, "fair_value": 45.743469, "relative_strength": 4.718205, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.967249, "energy": 70.183177, "activity_lines": [ 59.46786, 58.200105, 57.592641, 56.265255 ] }, { "date": "2024-06-07", "close": 61.3447, "volume": 11272, "typical_volume": 12124.25, "trend": 54.616203, "fair_value": 45.84382, "relative_strength": 6.037361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.085628, "energy": 79.48734, "activity_lines": [ 60.298807, 58.8744, 58.032725, 56.733494 ] }, { "date": "2024-06-14", "close": 63.37, "volume": 8893, "typical_volume": 11705.3, "trend": 55.14706, "fair_value": 45.958133, "relative_strength": 7.687458, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.043479, "energy": 86.205287, "activity_lines": [ 61.499153, 59.86336, 58.622815, 57.298255 ] }, { "date": "2024-06-21", "close": 63.4561, "volume": 9660, "typical_volume": 11721.1, "trend": 55.676053, "fair_value": 46.062416, "relative_strength": 7.042215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.465561, "energy": 84.28778, "activity_lines": [ 62.357, 60.762387, 59.17059, 57.834323 ] }, { "date": "2024-06-28", "close": 63.2749, "volume": 8645, "typical_volume": 11675.55, "trend": 56.183047, "fair_value": 46.160858, "relative_strength": 6.713752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.97351, "energy": 80.857878, "activity_lines": [ 62.852567, 61.508947, 59.653364, 58.324571 ] }, { "date": "2024-07-05", "close": 65.42, "volume": 9075, "typical_volume": 11209.15, "trend": 56.756993, "fair_value": 46.273158, "relative_strength": 8.127704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.951392, "energy": 85.268287, "activity_lines": [ 63.910173, 62.454527, 60.304792, 58.920503 ] }, { "date": "2024-07-12", "close": 66.2502, "volume": 44676, "typical_volume": 12535.5, "trend": 57.27518, "fair_value": 46.398628, "relative_strength": 8.362965, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.196392, "energy": 67.633842, "activity_lines": [ 64.869193, 63.388655, 60.986699, 59.532968 ] }, { "date": "2024-07-19", "close": 61.8, "volume": 15212, "typical_volume": 12102.85, "trend": 57.63968, "fair_value": 46.483962, "relative_strength": 3.069596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.373522, "energy": 52.123815, "activity_lines": [ 64.01778, 63.341091, 61.1969, 59.824892 ] }, { "date": "2024-07-26", "close": 59.5878, "volume": 14378, "typical_volume": 11367.7, "trend": 57.925357, "fair_value": 46.551883, "relative_strength": 0.226886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.01576, "energy": 33.598913, "activity_lines": [ 62.533633, 62.818618, 61.180034, 59.950577 ] }, { "date": "2024-08-02", "close": 56.1576, "volume": 30458, "typical_volume": 12318.55, "trend": 58.181017, "fair_value": 46.592947, "relative_strength": -3.462207, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.144517, "energy": 14.376143, "activity_lines": [ 60.163973, 61.660475, 60.83043, 59.836528 ] }, { "date": "2024-08-09", "close": 57.9534, "volume": 27755, "typical_volume": 13277.85, "trend": 58.43637, "fair_value": 46.649167, "relative_strength": -0.462604, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.783216, "energy": 24.684599, "activity_lines": [ 58.8674, 60.91652, 60.655054, 59.821843 ] }, { "date": "2024-08-16", "close": 62.0751, "volume": 5935, "typical_volume": 13297.7, "trend": 58.76087, "fair_value": 46.732544, "relative_strength": 2.373616, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.334769, "energy": 26.145501, "activity_lines": [ 59.4425, 60.955362, 60.876609, 60.0566 ] }, { "date": "2024-08-23", "close": 62.8933, "volume": 2815, "typical_volume": 12957.9, "trend": 59.09859, "fair_value": 46.811767, "relative_strength": 2.169403, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.328472, "energy": 17.964549, "activity_lines": [ 60.568673, 61.129687, 61.158579, 60.323209 ] }, { "date": "2024-08-30", "close": 62.0272, "volume": 7712, "typical_volume": 12966.25, "trend": 59.385163, "fair_value": 46.879771, "relative_strength": 0.433876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.522518, "energy": 18.601604, "activity_lines": [ 61.33326, 61.155207, 61.33268, 60.512151 ] }, { "date": "2024-09-06", "close": 56.6489, "volume": 5541, "typical_volume": 12824.9, "trend": 59.41379, "fair_value": 46.917051, "relative_strength": -4.319387, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.33422, "energy": 5.732995, "activity_lines": [ 60.142453, 60.228835, 60.970062, 60.335618 ] }, { "date": "2024-09-13", "close": 60.95, "volume": 10739, "typical_volume": 12916.5, "trend": 59.604903, "fair_value": 46.981835, "relative_strength": -1.114901, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.892808, "energy": 12.569536, "activity_lines": [ 60.352593, 60.204953, 60.998602, 60.434728 ] }, { "date": "2024-09-20", "close": 61.845, "volume": 9546, "typical_volume": 12897.6, "trend": 59.7932, "fair_value": 47.050816, "relative_strength": -1.17531, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.968, "energy": 14.270216, "activity_lines": [ 60.661293, 60.425071, 61.091133, 60.579251 ] }, { "date": "2024-09-27", "close": 63.3373, "volume": 11752, "typical_volume": 12967.2, "trend": 59.959117, "fair_value": 47.145443, "relative_strength": 0.533758, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.293963, "energy": 17.212432, "activity_lines": [ 61.482767, 60.996611, 61.30157, 60.807902 ] }, { "date": "2024-10-04", "close": 63.34, "volume": 55426, "typical_volume": 15309.25, "trend": 60.126553, "fair_value": 47.244755, "relative_strength": 0.187053, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.139806, "energy": 35.337225, "activity_lines": [ 62.27554, 61.540691, 61.485905, 61.026024 ] }, { "date": "2024-10-11", "close": 64.7073, "volume": 9803, "typical_volume": 15319.2, "trend": 60.389147, "fair_value": 47.339992, "relative_strength": 1.053374, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.962628, "energy": 55.346186, "activity_lines": [ 63.43656, 62.265149, 61.779449, 61.321556 ] }, { "date": "2024-10-18", "close": 63.7371, "volume": 4175, "typical_volume": 15173.4, "trend": 60.551223, "fair_value": 47.419152, "relative_strength": -1.435598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.291342, "energy": 57.346389, "activity_lines": [ 63.736953, 62.657758, 61.962844, 61.537553 ] }, { "date": "2024-10-25", "close": 63.9771, "volume": 6825, "typical_volume": 14951.05, "trend": 60.737183, "fair_value": 47.481135, "relative_strength": -0.268003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.047487, "energy": 57.532879, "activity_lines": [ 63.93154, 62.988845, 62.150302, 61.758577 ] }, { "date": "2024-11-01", "close": 62.8775, "volume": 6546, "typical_volume": 14833.7, "trend": 60.914343, "fair_value": 47.519651, "relative_strength": -0.728042, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.481644, "energy": 46.688053, "activity_lines": [ 63.617453, 63.085424, 62.2205, 61.896662 ] }, { "date": "2024-11-08", "close": 67.854, "volume": 53838, "typical_volume": 17042.6, "trend": 61.280063, "fair_value": 47.593594, "relative_strength": 2.110204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.645615, "energy": 59.317683, "activity_lines": [ 64.992853, 64.087107, 62.766997, 62.344382 ] }, { "date": "2024-11-15", "close": 65.2789, "volume": 11498, "typical_volume": 17185.25, "trend": 61.697027, "fair_value": 47.641425, "relative_strength": 0.238563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.861249, "energy": 51.299111, "activity_lines": [ 65.208953, 64.514649, 63.047303, 62.602371 ] }, { "date": "2024-11-22", "close": 67.7444, "volume": 48737, "typical_volume": 19168.35, "trend": 62.072237, "fair_value": 47.725537, "relative_strength": 2.181254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.506352, "energy": 64.887226, "activity_lines": [ 66.20878, 65.233555, 63.552876, 62.992525 ] }, { "date": "2024-11-29", "close": 67.599, "volume": 5503, "typical_volume": 17209.7, "trend": 62.433563, "fair_value": 47.82165, "relative_strength": 0.665027, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.813453, "energy": 70.327834, "activity_lines": [ 66.892987, 65.802489, 64.033532, 63.34909 ] }, { "date": "2024-12-06", "close": 69.23, "volume": 30892, "typical_volume": 17993.7, "trend": 62.814497, "fair_value": 47.919867, "relative_strength": 2.06534, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.822861, "energy": 76.165254, "activity_lines": [ 67.8794, 66.563351, 64.6631, 63.78757 ] }, { "date": "2024-12-13", "close": 69.1652, "volume": 9415, "typical_volume": 17745.55, "trend": 63.15574, "fair_value": 48.031444, "relative_strength": 2.481751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.89767, "energy": 79.993953, "activity_lines": [ 68.420713, 67.205291, 65.251114, 64.197292 ] }, { "date": "2024-12-20", "close": 67.6466, "volume": 11300, "typical_volume": 16787.65, "trend": 63.37796, "fair_value": 48.117663, "relative_strength": 2.007335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.032453, "energy": 68.407857, "activity_lines": [ 68.368413, 67.465209, 65.648894, 64.487025 ] }, { "date": "2024-12-27", "close": 68.44, "volume": 6570, "typical_volume": 15728.4, "trend": 63.666287, "fair_value": 48.208497, "relative_strength": 2.423393, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.287634, "energy": 60.18019, "activity_lines": [ 68.422733, 67.81594, 66.067526, 64.813609 ] }, { "date": "2025-01-03", "close": 68.5837, "volume": 3564, "typical_volume": 15609.85, "trend": 63.907587, "fair_value": 48.325618, "relative_strength": 2.976663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.099251, "energy": 46.82993, "activity_lines": [ 68.47858, 68.107291, 66.449907, 65.130861 ] }, { "date": "2025-01-10", "close": 67.4393, "volume": 23112, "typical_volume": 16624.7, "trend": 64.04323, "fair_value": 48.437684, "relative_strength": 3.093223, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.004756, "energy": 33.889837, "activity_lines": [ 68.087313, 68.106813, 66.692305, 65.358714 ] }, { "date": "2025-01-17", "close": 70.2293, "volume": 7670, "typical_volume": 16622.6, "trend": 64.269003, "fair_value": 48.594647, "relative_strength": 4.152156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.048327, "energy": 44.107463, "activity_lines": [ 68.745427, 68.530665, 67.178769, 65.757815 ] }, { "date": "2025-01-24", "close": 71.6734, "volume": 22444, "typical_volume": 17467.75, "trend": 64.548953, "fair_value": 48.773581, "relative_strength": 4.330525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.848703, "energy": 50.770715, "activity_lines": [ 69.813967, 69.173895, 67.763709, 66.235518 ] }, { "date": "2025-01-31", "close": 68.6704, "volume": 27714, "typical_volume": 18316.5, "trend": 64.6573, "fair_value": 48.922686, "relative_strength": 0.901083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.795466, "energy": 40.180541, "activity_lines": [ 69.613053, 69.15486, 67.991104, 66.501418 ] }, { "date": "2025-02-07", "close": 68.9724, "volume": 16773, "typical_volume": 18677.85, "trend": 64.74804, "fair_value": 49.080469, "relative_strength": 1.486282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.165526, "energy": 39.658158, "activity_lines": [ 69.497447, 69.173898, 68.210497, 66.779811 ] }, { "date": "2025-02-14", "close": 69.4265, "volume": 7675, "typical_volume": 18474.0, "trend": 65.002257, "fair_value": 49.245995, "relative_strength": 0.625537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.037239, "energy": 35.469781, "activity_lines": [ 69.507293, 69.250529, 68.439197, 67.081647 ] }, { "date": "2025-02-21", "close": 65.598, "volume": 14914, "typical_volume": 16448.4, "trend": 65.202597, "fair_value": 49.38234, "relative_strength": -3.331805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.76362, "energy": 13.351212, "activity_lines": [ 68.108493, 68.627496, 68.274282, 67.120082 ] }, { "date": "2025-02-28", "close": 62.2914, "volume": 19218, "typical_volume": 16919.15, "trend": 65.407057, "fair_value": 49.508551, "relative_strength": -7.150238, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -13.282995, "energy": 20.517087, "activity_lines": [ 65.916247, 67.468122, 67.783701, 66.932263 ] }, { "date": "2025-03-07", "close": 59.2543, "volume": 30629, "typical_volume": 18241.85, "trend": 65.45042, "fair_value": 49.62712, "relative_strength": -8.68192, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.864337, "energy": 48.252998, "activity_lines": [ 63.3371, 65.853915, 67.015376, 66.535311 ] }, { "date": "2025-03-14", "close": 59.0975, "volume": 29689, "typical_volume": 19385.05, "trend": 65.351167, "fair_value": 49.717335, "relative_strength": -6.681955, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.971672, "energy": 63.851263, "activity_lines": [ 61.333427, 64.378211, 66.253465, 66.125445 ] }, { "date": "2025-03-21", "close": 59.4756, "volume": 14521, "typical_volume": 19783.8, "trend": 65.237243, "fair_value": 49.806244, "relative_strength": -6.418187, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.38379, "energy": 71.34092, "activity_lines": [ 60.114113, 63.143729, 65.550799, 65.746377 ] }, { "date": "2025-03-28", "close": 57.1697, "volume": 10503, "typical_volume": 17617.05, "trend": 65.075327, "fair_value": 49.877474, "relative_strength": -8.540681, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.765475, "energy": 74.986991, "activity_lines": [ 58.78956, 61.634787, 64.644723, 65.22589 ] }, { "date": "2025-04-04", "close": 50.73, "volume": 16833, "typical_volume": 17883.8, "trend": 64.87803, "fair_value": 49.92453, "relative_strength": -10.566771, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.001243, "energy": 91.523839, "activity_lines": [ 55.880327, 59.192438, 63.17622, 64.300385 ] }, { "date": "2025-04-11", "close": 56.289, "volume": 48811, "typical_volume": 17887.5, "trend": 64.722663, "fair_value": 50.017595, "relative_strength": -5.974935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.789625, "energy": 73.796256, "activity_lines": [ 55.594853, 58.141605, 62.306427, 63.746254 ] }, { "date": "2025-04-18", "close": 55.4673, "volume": 15694, "typical_volume": 18397.05, "trend": 64.510073, "fair_value": 50.114281, "relative_strength": -5.980952, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.499364, "energy": 66.737861, "activity_lines": [ 55.233167, 57.166489, 61.412925, 63.149134 ] }, { "date": "2025-04-25", "close": 60.222, "volume": 29090, "typical_volume": 18306.95, "trend": 64.40623, "fair_value": 50.250924, "relative_strength": -2.360018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.017466, "energy": 48.666268, "activity_lines": [ 56.698393, 57.301411, 61.030022, 62.872484 ] }, { "date": "2025-05-02", "close": 62.9157, "volume": 4699, "typical_volume": 18071.15, "trend": 64.392087, "fair_value": 50.411481, "relative_strength": -0.869941, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.187099, "energy": 25.520931, "activity_lines": [ 59.01176, 58.093451, 60.946558, 62.776321 ] }, { "date": "2025-05-09", "close": 63.5284, "volume": 12651, "typical_volume": 18138.7, "trend": 64.35279, "fair_value": 50.582454, "relative_strength": 0.521483, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.602646, "energy": 22.493282, "activity_lines": [ 61.146293, 59.04566, 60.951205, 62.720599 ] }, { "date": "2025-05-16", "close": 68.8511, "volume": 8991, "typical_volume": 18259.75, "trend": 64.523257, "fair_value": 50.792134, "relative_strength": 3.412851, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 6.037048, "energy": 24.8857, "activity_lines": [ 64.201833, 60.943142, 61.482386, 63.010812 ] }, { "date": "2025-05-23", "close": 67.6607, "volume": 8679, "typical_volume": 18515.5, "trend": 64.646043, "fair_value": 50.978771, "relative_strength": 4.269464, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 29.327488, "energy": 37.678508, "activity_lines": [ 66.0231, 62.4497, 61.898239, 63.213228 ] }, { "date": "2025-05-30", "close": 68.5408, "volume": 16266, "typical_volume": 18173.2, "trend": 64.83482, "fair_value": 51.174529, "relative_strength": 3.757142, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.719269, "energy": 43.491413, "activity_lines": [ 67.32484, 63.960582, 62.402305, 63.464503 ] }, { "date": "2025-06-06", "close": 69.8658, "volume": 9500, "typical_volume": 18264.7, "trend": 64.90188, "fair_value": 51.391777, "relative_strength": 4.03688, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.441819, "energy": 59.542208, "activity_lines": [ 68.51366, 65.547551, 63.027317, 63.789082 ] }, { "date": "2025-06-13", "close": 69.8192, "volume": 4619, "typical_volume": 17373.45, "trend": 65.053223, "fair_value": 51.623631, "relative_strength": 4.363136, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.759316, "energy": 60.23022, "activity_lines": [ 69.223607, 66.895209, 63.649622, 64.106329 ] }, { "date": "2025-06-20", "close": 70.1214, "volume": 3355, "typical_volume": 16155.5, "trend": 65.132457, "fair_value": 51.841342, "relative_strength": 4.983331, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.031467, "energy": 54.130607, "activity_lines": [ 69.6149, 67.950736, 64.309537, 64.433308 ] }, { "date": "2025-06-27", "close": 74.1581, "volume": 8515, "typical_volume": 15742.6, "trend": 65.351093, "fair_value": 52.09869, "relative_strength": 7.249024, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.411992, "energy": 65.756539, "activity_lines": [ 71.267073, 69.488711, 65.34699, 65.015607 ] }, { "date": "2025-07-04", "close": 75.3, "volume": 10354, "typical_volume": 15876.55, "trend": 65.553427, "fair_value": 52.35243, "relative_strength": 7.065835, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.883183, "energy": 84.102917, "activity_lines": [ 72.86672, 70.894471, 66.468502, 65.657472 ] }, { "date": "2025-07-11", "close": 75.4019, "volume": 10884, "typical_volume": 15675.05, "trend": 65.761317, "fair_value": 52.608524, "relative_strength": 7.485575, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.852091, "energy": 90.176604, "activity_lines": [ 74.04972, 72.044613, 67.57175, 66.292858 ] }, { "date": "2025-07-18", "close": 77.85, "volume": 17526, "typical_volume": 15590.45, "trend": 66.10143, "fair_value": 52.866049, "relative_strength": 10.085413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.293406, "energy": 93.058216, "activity_lines": [ 75.67968, 73.412842, 68.861465, 67.072773 ] }, { "date": "2025-07-25", "close": 78.5206, "volume": 17771, "typical_volume": 14947.55, "trend": 66.43745, "fair_value": 53.111308, "relative_strength": 9.142844, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.627976, "energy": 92.572123, "activity_lines": [ 76.997787, 74.642605, 70.140958, 67.874009 ] }, { "date": "2025-08-01", "close": 77.4748, "volume": 39926, "typical_volume": 15459.4, "trend": 66.73382, "fair_value": 53.346313, "relative_strength": 10.017378, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.754571, "energy": 87.569969, "activity_lines": [ 77.407347, 75.506415, 71.229106, 68.586097 ] }, { "date": "2025-08-08", "close": 80.6515, "volume": 63333, "typical_volume": 17900.0, "trend": 67.174227, "fair_value": 53.597311, "relative_strength": 11.437567, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.923762, "energy": 89.80206, "activity_lines": [ 78.654693, 76.769367, 72.532287, 69.484011 ] }, { "date": "2025-08-15", "close": 79.8543, "volume": 20474, "typical_volume": 18398.55, "trend": 67.49506, "fair_value": 53.851912, "relative_strength": 9.064514, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.147494, "energy": 85.377471, "activity_lines": [ 79.27954, 77.66718, 73.658706, 70.302081 ] }, { "date": "2025-08-22", "close": 79.3253, "volume": 26353, "typical_volume": 18874.55, "trend": 67.750123, "fair_value": 54.11346, "relative_strength": 7.852125, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.269032, "energy": 65.899588, "activity_lines": [ 79.431227, 78.287202, 74.626722, 71.065322 ] }, { "date": "2025-08-29", "close": 79.1854, "volume": 7736, "typical_volume": 16820.8, "trend": 68.100623, "fair_value": 54.387899, "relative_strength": 7.499413, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.938849, "energy": 65.459018, "activity_lines": [ 79.437927, 78.708949, 75.445246, 71.803082 ] }, { "date": "2025-09-05", "close": 80.9708, "volume": 12373, "typical_volume": 16654.75, "trend": 68.50057, "fair_value": 54.659826, "relative_strength": 9.202532, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.60594, "energy": 66.633048, "activity_lines": [ 79.99544, 79.290515, 76.324778, 72.633416 ] }, { "date": "2025-09-12", "close": 83.2625, "volume": 14639, "typical_volume": 15932.2, "trend": 68.96177, "fair_value": 54.957826, "relative_strength": 10.244191, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.80816, "energy": 69.554995, "activity_lines": [ 81.083787, 80.164885, 77.301122, 73.585798 ] }, { "date": "2025-09-19", "close": 86.3528, "volume": 31246, "typical_volume": 17259.55, "trend": 69.653597, "fair_value": 55.290246, "relative_strength": 12.565744, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.60676, "energy": 73.137342, "activity_lines": [ 83.028167, 81.456356, 78.462063, 74.7078 ] }, { "date": "2025-09-26", "close": 85.7638, "volume": 36091, "typical_volume": 18431.55, "trend": 70.43601, "fair_value": 55.623804, "relative_strength": 11.79164, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.693805, "energy": 73.830521, "activity_lines": [ 84.34298, 82.441629, 79.455304, 75.747168 ] }, { "date": "2025-10-03", "close": 88.62, "volume": 21353, "typical_volume": 19049.65, "trend": 71.414867, "fair_value": 55.973737, "relative_strength": 13.851054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.258714, "energy": 86.869029, "activity_lines": [ 86.180627, 83.802324, 80.614681, 76.920329 ] }, { "date": "2025-10-10", "close": 86.4049, "volume": 42869, "typical_volume": 20759.15, "trend": 72.325113, "fair_value": 56.323437, "relative_strength": 13.395197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.652129, "energy": 67.615975, "activity_lines": [ 86.650933, 84.576647, 81.468959, 77.887428 ] }, { "date": "2025-10-17", "close": 88.2021, "volume": 43854, "typical_volume": 22138.55, "trend": 73.282663, "fair_value": 56.669981, "relative_strength": 13.354228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.285476, "energy": 68.298824, "activity_lines": [ 87.358033, 85.515369, 82.40514, 78.911749 ] }, { "date": "2025-10-24", "close": 91.251, "volume": 25387, "typical_volume": 22932.9, "trend": 74.418707, "fair_value": 57.022117, "relative_strength": 14.614537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.791949, "energy": 71.571531, "activity_lines": [ 88.752127, 86.871153, 83.538068, 80.070997 ] }, { "date": "2025-10-31", "close": 95.145, "volume": 40763, "typical_volume": 24740.1, "trend": 75.899207, "fair_value": 57.405819, "relative_strength": 18.120706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.372556, "energy": 74.346175, "activity_lines": [ 91.117673, 88.727724, 84.940019, 81.408177 ] }, { "date": "2025-11-07", "close": 89.26, "volume": 64955, "typical_volume": 27820.1, "trend": 76.99824, "fair_value": 57.726717, "relative_strength": 12.31284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.252754, "energy": 63.729503, "activity_lines": [ 90.89614, 89.226664, 85.660894, 82.270164 ] }, { "date": "2025-11-14", "close": 85.95, "volume": 27006, "typical_volume": 28744.65, "trend": 78.01433, "fair_value": 58.030651, "relative_strength": 7.728995, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.923973, "energy": 52.307375, "activity_lines": [ 89.528607, 88.940611, 85.975395, 82.847697 ] }, { "date": "2025-11-21", "close": 81.6597, "volume": 45219, "typical_volume": 30487.9, "trend": 78.72892, "fair_value": 58.303821, "relative_strength": 4.206959, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.681864, "energy": 27.136117, "activity_lines": [ 86.7613, 87.783973, 85.825144, 83.082882 ] }, { "date": "2025-11-28", "close": 88.59, "volume": 15466, "typical_volume": 30717.0, "trend": 79.58473, "fair_value": 58.61546, "relative_strength": 8.738111, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.004965, "energy": 22.953385, "activity_lines": [ 86.740253, 87.916531, 86.304637, 83.719081 ] }, { "date": "2025-12-05", "close": 89.83, "volume": 54646, "typical_volume": 32573.0, "trend": 80.46145, "fair_value": 58.943827, "relative_strength": 9.612205, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.960232, "energy": 23.464311, "activity_lines": [ 87.30994, 88.233867, 86.839425, 84.380066 ] }, { "date": "2025-12-12", "close": 87.3841, "volume": 84716, "typical_volume": 35920.25, "trend": 81.079217, "fair_value": 59.262931, "relative_strength": 7.030227, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.997977, "energy": 17.247217, "activity_lines": [ 87.41866, 88.032564, 87.084223, 84.826688 ] }, { "date": "2025-12-19", "close": 87.8467, "volume": 22438, "typical_volume": 35045.85, "trend": 81.752083, "fair_value": 59.592419, "relative_strength": 7.238635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.468865, "energy": 23.652846, "activity_lines": [ 87.80664, 87.93784, 87.33087, 85.2633 ] }, { "date": "2025-12-26", "close": 89.3854, "volume": 61032, "typical_volume": 34930.8, "trend": 82.446903, "fair_value": 59.933563, "relative_strength": 7.355591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.188694, "energy": 30.11394, "activity_lines": [ 88.581073, 88.096665, 87.674671, 85.755772 ] }, { "date": "2026-01-02", "close": 89.2119, "volume": 15442, "typical_volume": 34679.2, "trend": 83.091773, "fair_value": 60.270158, "relative_strength": 8.036766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.150571, "energy": 28.632288, "activity_lines": [ 88.782627, 88.202431, 87.960358, 86.192224 ] }, { "date": "2026-01-09", "close": 93.33, "volume": 30763, "typical_volume": 34899.7, "trend": 83.875467, "fair_value": 60.619083, "relative_strength": 10.949989, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.03996, "energy": 42.831998, "activity_lines": [ 90.31542, 89.094016, 88.593684, 86.852754 ] }, { "date": "2026-01-16", "close": 96.69, "volume": 24168, "typical_volume": 35721.3, "trend": 84.761087, "fair_value": 60.988705, "relative_strength": 14.963674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.371276, "energy": 65.78069, "activity_lines": [ 92.73488, 90.629511, 89.480322, 87.679498 ] }, { "date": "2026-01-23", "close": 93.95, "volume": 30754, "typical_volume": 36640.35, "trend": 85.420817, "fair_value": 61.330996, "relative_strength": 11.798365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.156731, "energy": 64.131207, "activity_lines": [ 93.620613, 91.531733, 90.022652, 88.272332 ] }, { "date": "2026-01-30", "close": 92.09, "volume": 14799, "typical_volume": 36648.35, "trend": 85.980483, "fair_value": 61.653303, "relative_strength": 8.848183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.087122, "energy": 60.829432, "activity_lines": [ 93.47946, 91.950318, 90.326033, 88.702602 ] }, { "date": "2026-02-06", "close": 91.94, "volume": 12315, "typical_volume": 35701.8, "trend": 86.531753, "fair_value": 61.978195, "relative_strength": 8.593359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.963864, "energy": 47.952866, "activity_lines": [ 93.108, 92.151989, 90.573093, 89.087086 ] }, { "date": "2026-02-13", "close": 92.1175, "volume": 10499, "typical_volume": 34422.2, "trend": 87.007337, "fair_value": 62.30331, "relative_strength": 9.875336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.100361, "energy": 32.378886, "activity_lines": [ 92.613833, 92.325024, 90.810452, 89.447457 ] }, { "date": "2026-02-20", "close": 94.645, "volume": 7124, "typical_volume": 33710.75, "trend": 87.544817, "fair_value": 62.650648, "relative_strength": 11.169064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.635376, "energy": 35.193984, "activity_lines": [ 93.043, 92.916013, 91.25827, 89.94021 ] }, { "date": "2026-02-27", "close": 93.71, "volume": 26805, "typical_volume": 32907.55, "trend": 88.08599, "fair_value": 62.982033, "relative_strength": 10.099121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.322809, "energy": 33.764304, "activity_lines": [ 93.296833, 93.204985, 91.58835, 90.337963 ] }, { "date": "2026-03-06", "close": 89.0787, "volume": 141130, "typical_volume": 37771.35, "trend": 88.366897, "fair_value": 63.295259, "relative_strength": 6.308467, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.636591, "energy": 17.260337, "activity_lines": [ 92.0229, 92.545298, 91.442567, 90.402009 ] }, { "date": "2026-03-13", "close": 90.1342, "volume": 16694, "typical_volume": 37336.7, "trend": 88.70956, "fair_value": 63.607273, "relative_strength": 8.706013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.057107, "energy": 13.464381, "activity_lines": [ 91.301553, 92.083096, 91.393133, 90.516029 ] }, { "date": "2026-03-20", "close": 89.7695, "volume": 44155, "typical_volume": 37506.3, "trend": 89.0577, "fair_value": 63.911278, "relative_strength": 9.717456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.486122, "energy": 14.432159, "activity_lines": [ 90.579027, 91.537816, 91.314285, 90.584412 ] }, { "date": "2026-03-27", "close": 86.96, "volume": 58296, "typical_volume": 37173.35, "trend": 89.316853, "fair_value": 64.186149, "relative_strength": 8.165361, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.202258, "energy": 23.773087, "activity_lines": [ 89.076533, 90.546455, 90.993462, 90.449077 ] }, { "date": "2026-04-03", "close": 90.23, "volume": 36013, "typical_volume": 37623.7, "trend": 89.625493, "fair_value": 64.491896, "relative_strength": 7.922589, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.54465, "energy": 15.472162, "activity_lines": [ 89.176373, 90.326547, 90.995021, 90.507989 ] }, { "date": "2026-04-10", "close": 97.78, "volume": 21096, "typical_volume": 36417.55, "trend": 90.10941, "fair_value": 64.842251, "relative_strength": 12.254429, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.620585, "energy": 19.473081, "activity_lines": [ 92.02488, 91.547004, 91.695246, 91.034086 ] }, { "date": "2026-04-17", "close": 104.35, "volume": 23466, "typical_volume": 36817.55, "trend": 90.709317, "fair_value": 65.234939, "relative_strength": 13.931564, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 74.247052, "energy": 64.600894, "activity_lines": [ 96.4833, 93.858551, 92.944422, 91.952834 ] }, { "date": "2026-04-24", "close": 107.9714, "volume": 54709, "typical_volume": 36820.7, "trend": 91.44957, "fair_value": 65.656403, "relative_strength": 16.552267, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.349438, "energy": 83.275415, "activity_lines": [ 101.201133, 96.602898, 94.463446, 93.066517 ] }, { "date": "2026-05-01", "close": 108.9636, "volume": 22263, "typical_volume": 33698.05, "trend": 92.12769, "fair_value": 66.081354, "relative_strength": 15.859835, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.793527, "energy": 88.730198, "activity_lines": [ 105.03624, 99.239393, 95.990578, 94.196454 ] }, { "date": "2026-05-08", "close": 112.0915, "volume": 19132, "typical_volume": 33532.75, "trend": 92.98391, "fair_value": 66.52734, "relative_strength": 15.793536, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.551254, "energy": 93.10902, "activity_lines": [ 108.447073, 102.184258, 97.712845, 95.484442 ] }, { "date": "2026-05-15", "close": 112.4136, "volume": 23128, "typical_volume": 31637.55, "trend": 93.79096, "fair_value": 66.963142, "relative_strength": 15.293487, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.849777, "energy": 90.721579, "activity_lines": [ 110.50784, 104.853478, 99.350337, 96.737971 ] }, { "date": "2026-05-22", "close": 114.0444, "volume": 15715, "typical_volume": 31651.2, "trend": 94.55074, "fair_value": 67.39785, "relative_strength": 15.366293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.026459, "energy": 88.450595, "activity_lines": [ 112.136633, 107.394936, 101.033485, 98.044644 ] }, { "date": "2026-05-29", "close": 117.3139, "volume": 9198, "typical_volume": 30572.95, "trend": 95.289703, "fair_value": 67.848465, "relative_strength": 16.341093, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.346309, "energy": 85.951106, "activity_lines": [ 114.208967, 110.096118, 102.909764, 99.513235 ] }, { "date": "2026-06-05", "close": 111.389, "volume": 20819, "typical_volume": 30405.5, "trend": 96.027337, "fair_value": 68.260205, "relative_strength": 12.762412, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.961697, "energy": 60.839349, "activity_lines": [ 113.6835, 111.219238, 104.107558, 100.551899 ] }, { "date": "2026-06-12", "close": 116.8995, "volume": 229431, "typical_volume": 40339.35, "trend": 97.058987, "fair_value": 68.695971, "relative_strength": 17.010364, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.301231, "energy": 60.938641, "activity_lines": [ 114.833173, 112.900104, 105.760166, 101.898491 ] }, { "date": "2026-06-19", "close": 124.269, "volume": 16624, "typical_volume": 40430.6, "trend": 98.479297, "fair_value": 69.188309, "relative_strength": 22.420025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.670036, "energy": 67.055442, "activity_lines": [ 118.118813, 115.435978, 108.005348, 103.653975 ] }, { "date": "2026-06-26", "close": 115.1924, "volume": 18430, "typical_volume": 40736.35, "trend": 99.366043, "fair_value": 69.612771, "relative_strength": 15.651177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.537427, "energy": 53.92429, "activity_lines": [ 117.58856, 115.839944, 109.232858, 104.73224 ] }, { "date": "2026-07-03", "close": 111.6472, "volume": 14532, "typical_volume": 40938.0, "trend": 100.093283, "fair_value": 70.020499, "relative_strength": 9.282259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.90502, "energy": 46.468897, "activity_lines": [ 115.80004, 115.402193, 110.012005, 105.524573 ] }, { "date": "2026-07-10", "close": 113.8694, "volume": 17926, "typical_volume": 41478.1, "trend": 100.976127, "fair_value": 70.427931, "relative_strength": 9.517071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.997196, "energy": 36.990198, "activity_lines": [ 115.130033, 115.301645, 110.909791, 106.413354 ] }, { "date": "2026-07-17", "close": 103.37, "volume": 34651, "typical_volume": 41870.4, "trend": 101.49357, "fair_value": 70.775047, "relative_strength": 0.786442, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.272507, "energy": 19.152836, "activity_lines": [ 110.794867, 113.20292, 110.71609, 106.567798 ] }, { "date": "2026-07-24", "close": 103.67, "volume": 22186, "typical_volume": 35923.2, "trend": 101.969723, "fair_value": 71.120816, "relative_strength": 1.453531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.113388, "energy": 19.555212, "activity_lines": [ 107.461667, 111.317313, 110.50496, 106.708213 ] }, { "date": "2026-07-31", "close": 102.4879, "volume": 65825, "typical_volume": 38379.75, "trend": 102.412257, "fair_value": 71.474326, "relative_strength": -0.945125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -1.612309, "energy": 18.03143, "activity_lines": [ 105.1077, 109.375753, 110.111766, 106.741643 ] }, { "date": "2026-08-07", "close": 107.9274, "volume": 190447, "typical_volume": 45694.35, "trend": 102.898837, "fair_value": 71.871206, "relative_strength": 0.611717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 4.795274, "energy": 18.881226, "activity_lines": [ 105.413867, 108.633311, 110.177793, 107.097459 ] } ], "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." } } }