{ "ticker": { "uuid": "32e92630-2937-42ee-9e89-6823af38fe59", "symbol": "WTEC", "name": "State Street SPDR MSCI World Technology UCITS ETF USD Acc", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 75.945, "architecture_energy": 45.843, "architecture_maturity": 71.585, "architecture_confidence": 93.226, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 29.3, "rotation_up": 40.55, "upward_expansion": 66.52, "deceleration": 94.22, "rotation_down": 29.28, "downward_expansion": 15.86 }, "activity_lines": [ 262.003333, 261.560907, 258.325333, 248.624129 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 274.549988, "trend_reference": 236.884, "distance_from_trend": 0.159006, "trend_direction": "Improving", "fair_value": 181.245962, "distance_from_fair_value": 0.514792, "fair_value_direction": "Improving", "relative_strength": 8.859649, "relative_strength_direction": "Weakening", "price_momentum": 0.295658, "excess_performance": 0.212775, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.159006, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.064804, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.514792, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.023075, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.088596, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.074523, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.295658, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.514612, "read": "Demand-led" } ], "volume": { "latest": 5165, "relative_activity": 2.899324, "balance": 1.514612, "dry_up": 1.710685, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.038763, "annualized_volatility": 0.24567, "from_high_reference": 0.0, "from_low_reference": 0.419156 }, "levels": { "trend_reference": 236.884, "fair_value_reference": 181.245962, "structural_low": 193.460007, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.013804, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": 0.017166, "regime_survival": 0.4, "best_return": 0.122952, "worst_return": -0.121772, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.082623, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.00738, "regime_survival": 0.0, "best_return": 0.152008, "worst_return": -0.176582, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.210636, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.136618, "regime_survival": 0.0, "best_return": 0.278285, "worst_return": -0.034604, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.205002, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.211692, "regime_survival": 0.333333, "best_return": 0.449458, "worst_return": -0.244862, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": 0.018271, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": -0.104874, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.110876, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.182734, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.077859, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-11-21", "tenure": "Established", "return": 0.042857, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-19", "tenure": "New", "return": -0.004783, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-01-30", "tenure": "Developing", "return": -0.009477, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": 0.005427, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.026667, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-04-10", "tenure": "New", "return": 0.076209, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-08", "tenure": "New", "return": 0.095403, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-17", "tenure": "Developing", "return": -0.012202, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.065386, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 114.800003, "volume": 1221, "typical_volume": 4610.0, "trend": 109.763333, "fair_value": 103.631474, "relative_strength": 15.258681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.827512, "energy": 25.707442, "activity_lines": [ 118.510666, 120.196363, 118.239524, 114.69714 ] }, { "date": "2023-08-25", "close": 116.139999, "volume": 3558, "typical_volume": 4770.25, "trend": 110.421333, "fair_value": 103.79609, "relative_strength": 15.050622, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.261728, "energy": 27.844203, "activity_lines": [ 117.162666, 119.334545, 118.353238, 115.108538 ] }, { "date": "2023-09-01", "close": 123.220001, "volume": 1220, "typical_volume": 4798.6, "trend": 111.175333, "fair_value": 104.043013, "relative_strength": 20.160378, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.961883, "energy": 28.745248, "activity_lines": [ 118.692, 119.879272, 119.083238, 115.934258 ] }, { "date": "2023-09-08", "close": 120.440002, "volume": 1426, "typical_volume": 4831.95, "trend": 111.890667, "fair_value": 104.276667, "relative_strength": 18.260446, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.843287, "energy": 20.398903, "activity_lines": [ 119.353334, 119.838182, 119.460095, 116.531979 ] }, { "date": "2023-09-15", "close": 119.660004, "volume": 2117, "typical_volume": 4837.05, "trend": 112.597, "fair_value": 104.500577, "relative_strength": 14.346773, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.253016, "energy": 25.848517, "activity_lines": [ 119.786669, 119.678183, 119.684286, 117.033226 ] }, { "date": "2023-09-22", "close": 114.5, "volume": 1360, "typical_volume": 4876.25, "trend": 113.210667, "fair_value": 104.696154, "relative_strength": 10.811959, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.961542, "energy": 13.112214, "activity_lines": [ 118.336002, 118.59091, 119.348667, 117.156 ] }, { "date": "2023-09-29", "close": 114.639999, "volume": 373, "typical_volume": 4260.15, "trend": 113.769334, "fair_value": 104.874295, "relative_strength": 10.972033, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.172863, "energy": 8.761006, "activity_lines": [ 116.952001, 117.709455, 118.987429, 117.248215 ] }, { "date": "2023-10-06", "close": 114.779999, "volume": 388, "typical_volume": 4247.9, "trend": 114.34, "fair_value": 105.039872, "relative_strength": 11.884548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.062136, "energy": 16.700393, "activity_lines": [ 115.714667, 117.021819, 118.600762, 117.31342 ] }, { "date": "2023-10-13", "close": 117.980003, "volume": 4617, "typical_volume": 4254.6, "trend": 114.905334, "fair_value": 105.212308, "relative_strength": 13.742661, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.353931, "energy": 17.571909, "activity_lines": [ 116.106667, 117.085455, 118.500667, 117.548258 ] }, { "date": "2023-10-20", "close": 113.540001, "volume": 693, "typical_volume": 3618.4, "trend": 115.288, "fair_value": 105.373013, "relative_strength": 14.64464, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.961147, "energy": 31.22735, "activity_lines": [ 115.182667, 116.395274, 117.963239, 117.460172 ] }, { "date": "2023-10-27", "close": 111.959999, "volume": 9697, "typical_volume": 4044.55, "trend": 115.526, "fair_value": 105.562885, "relative_strength": 12.736857, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.739229, "energy": 36.209312, "activity_lines": [ 114.14, 115.484364, 117.290667, 117.245463 ] }, { "date": "2023-11-03", "close": 116.68, "volume": 337, "typical_volume": 3956.25, "trend": 115.95, "fair_value": 105.732693, "relative_strength": 13.925199, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.359891, "energy": 19.268597, "activity_lines": [ 114.84, 115.483273, 117.090381, 117.319914 ] }, { "date": "2023-11-10", "close": 122.139999, "volume": 14542, "typical_volume": 4611.55, "trend": 116.532667, "fair_value": 105.9425, "relative_strength": 18.772026, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.133599, "energy": 7.488909, "activity_lines": [ 117.224, 116.465091, 117.438762, 117.719269 ] }, { "date": "2023-11-17", "close": 127.5, "volume": 10532, "typical_volume": 4764.75, "trend": 117.316667, "fair_value": 106.178398, "relative_strength": 21.068744, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.054374, "energy": 38.35823, "activity_lines": [ 120.904, 118.441091, 118.281715, 118.426839 ] }, { "date": "2023-11-24", "close": 128.619995, "volume": 2406, "typical_volume": 4195.9, "trend": 118.094, "fair_value": 106.416026, "relative_strength": 19.764381, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 76.277513, "energy": 71.945064, "activity_lines": [ 124.322665, 120.492363, 119.203714, 119.156086 ] }, { "date": "2023-12-01", "close": 128.880005, "volume": 461, "typical_volume": 4141.9, "trend": 118.846, "fair_value": 106.640834, "relative_strength": 19.140334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.911229, "energy": 83.898754, "activity_lines": [ 126.822667, 122.428, 120.110667, 119.851957 ] }, { "date": "2023-12-08", "close": 129.020004, "volume": 35784, "typical_volume": 5720.6, "trend": 119.596667, "fair_value": 106.873846, "relative_strength": 16.5639, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.644316, "energy": 85.179643, "activity_lines": [ 128.241335, 124.127637, 121.009715, 120.508344 ] }, { "date": "2023-12-15", "close": 133.460007, "volume": 7471, "typical_volume": 6057.2, "trend": 120.346667, "fair_value": 107.108077, "relative_strength": 18.467932, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.325549, "energy": 92.530418, "activity_lines": [ 130.317337, 126.373093, 122.307239, 121.402754 ] }, { "date": "2023-12-22", "close": 133.860001, "volume": 2243, "typical_volume": 6132.3, "trend": 120.977334, "fair_value": 107.340898, "relative_strength": 18.352005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.611434, "energy": 92.162171, "activity_lines": [ 131.772003, 128.351638, 123.598287, 122.274582 ] }, { "date": "2023-12-29", "close": 134.300003, "volume": 1420, "typical_volume": 5093.3, "trend": 121.562, "fair_value": 107.571282, "relative_strength": 18.03451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.687154, "energy": 90.213066, "activity_lines": [ 132.949337, 130.121457, 124.869621, 123.134109 ] }, { "date": "2024-01-05", "close": 129.5, "volume": 1332, "typical_volume": 5098.85, "trend": 121.987334, "fair_value": 107.769167, "relative_strength": 12.531576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.014388, "energy": 76.92004, "activity_lines": [ 132.148002, 130.641093, 125.602382, 123.646238 ] }, { "date": "2024-01-12", "close": 134.960007, "volume": 1234, "typical_volume": 4982.65, "trend": 122.396001, "fair_value": 108.009295, "relative_strength": 16.016707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.420785, "energy": 70.445619, "activity_lines": [ 133.125337, 131.834548, 126.785145, 124.483184 ] }, { "date": "2024-01-19", "close": 137.919998, "volume": 1901, "typical_volume": 5016.7, "trend": 123.033334, "fair_value": 108.248654, "relative_strength": 18.429199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.339534, "energy": 70.608236, "activity_lines": [ 134.693335, 133.23382, 128.160192, 125.484732 ] }, { "date": "2024-01-26", "close": 143.380005, "volume": 6862, "typical_volume": 5288.5, "trend": 123.756001, "fair_value": 108.541282, "relative_strength": 19.628593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.55389, "energy": 79.480525, "activity_lines": [ 137.784003, 135.338912, 129.98524, 126.797421 ] }, { "date": "2024-02-02", "close": 141.919998, "volume": 3480, "typical_volume": 5356.65, "trend": 124.478001, "fair_value": 108.796411, "relative_strength": 19.175902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.883009, "energy": 91.38639, "activity_lines": [ 139.753335, 136.88982, 131.562002, 127.969292 ] }, { "date": "2024-02-09", "close": 146.800003, "volume": 3632, "typical_volume": 5470.25, "trend": 125.224001, "fair_value": 109.064616, "relative_strength": 23.942916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.014547, "energy": 95.509138, "activity_lines": [ 142.841335, 139.086184, 133.497526, 129.409421 ] }, { "date": "2024-02-16", "close": 146.860001, "volume": 4902, "typical_volume": 5696.7, "trend": 125.989334, "fair_value": 109.34077, "relative_strength": 20.671824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.608884, "energy": 93.493141, "activity_lines": [ 144.796001, 140.967638, 135.284954, 130.805292 ] }, { "date": "2024-02-23", "close": 148.460007, "volume": 8757, "typical_volume": 6115.15, "trend": 126.801335, "fair_value": 109.656282, "relative_strength": 19.091929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.995371, "energy": 91.541806, "activity_lines": [ 146.49067, 142.815639, 137.071336, 132.255013 ] }, { "date": "2024-03-01", "close": 150.279999, "volume": 1268, "typical_volume": 5947.7, "trend": 127.780001, "fair_value": 110.021603, "relative_strength": 19.663211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.602086, "energy": 85.660068, "activity_lines": [ 148.089335, 144.72182, 138.870669, 133.769765 ] }, { "date": "2024-03-08", "close": 151.699997, "volume": 7795, "typical_volume": 6302.8, "trend": 128.930001, "fair_value": 110.368077, "relative_strength": 18.381241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.866422, "energy": 71.810584, "activity_lines": [ 149.701334, 146.587637, 140.65143, 135.312991 ] }, { "date": "2024-03-15", "close": 148.880005, "volume": 3245, "typical_volume": 5980.2, "trend": 130.066001, "fair_value": 110.694872, "relative_strength": 15.240987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.796422, "energy": 67.118528, "activity_lines": [ 149.721335, 147.624365, 141.981907, 136.600088 ] }, { "date": "2024-03-22", "close": 152.240005, "volume": 3972, "typical_volume": 6161.95, "trend": 131.269335, "fair_value": 111.041988, "relative_strength": 17.378408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.073352, "energy": 68.786797, "activity_lines": [ 150.722669, 148.919639, 143.456574, 138.030669 ] }, { "date": "2024-03-29", "close": 151.199997, "volume": 777, "typical_volume": 5473.7, "trend": 132.202001, "fair_value": 111.370641, "relative_strength": 15.110598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.446649, "energy": 64.713782, "activity_lines": [ 151.018668, 149.711638, 144.662859, 139.316518 ] }, { "date": "2024-04-05", "close": 149.259995, "volume": 18702, "typical_volume": 5882.2, "trend": 133.162668, "fair_value": 111.654103, "relative_strength": 15.215625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.585633, "energy": 59.662886, "activity_lines": [ 150.485332, 149.909455, 145.546001, 140.417033 ] }, { "date": "2024-04-12", "close": 149.0, "volume": 740, "typical_volume": 5798.9, "trend": 134.140668, "fair_value": 111.922821, "relative_strength": 15.427837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.256398, "energy": 52.089147, "activity_lines": [ 149.933332, 149.953091, 146.300763, 141.438797 ] }, { "date": "2024-04-19", "close": 141.800003, "volume": 7800, "typical_volume": 6165.85, "trend": 135.050668, "fair_value": 112.15, "relative_strength": 10.009997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.612182, "energy": 31.029464, "activity_lines": [ 147.161333, 148.55891, 146.272763, 141.932947 ] }, { "date": "2024-04-26", "close": 144.039993, "volume": 1068, "typical_volume": 4430.05, "trend": 136.030668, "fair_value": 112.397949, "relative_strength": 10.625035, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.82499, "energy": 25.253268, "activity_lines": [ 145.607998, 147.662908, 146.396572, 142.512904 ] }, { "date": "2024-05-03", "close": 146.639999, "volume": 1491, "typical_volume": 4131.05, "trend": 137.092668, "fair_value": 112.673975, "relative_strength": 12.616689, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.398881, "energy": 23.593597, "activity_lines": [ 145.467998, 147.290908, 146.696476, 143.197377 ] }, { "date": "2024-05-10", "close": 148.759995, "volume": 6669, "typical_volume": 4352.35, "trend": 138.118667, "fair_value": 112.981282, "relative_strength": 8.946659, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.96704, "energy": 24.064871, "activity_lines": [ 146.338664, 147.337453, 147.135523, 143.950108 ] }, { "date": "2024-05-17", "close": 153.520004, "volume": 3056, "typical_volume": 4434.15, "trend": 139.451334, "fair_value": 113.306923, "relative_strength": 9.205598, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.858671, "energy": 40.527065, "activity_lines": [ 148.829332, 148.27709, 147.956952, 144.943742 ] }, { "date": "2024-05-24", "close": 156.380005, "volume": 1203, "typical_volume": 4427.7, "trend": 140.932001, "fair_value": 113.64359, "relative_strength": 11.669384, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 77.174308, "energy": 65.235826, "activity_lines": [ 151.972001, 149.703636, 148.959238, 146.035915 ] }, { "date": "2024-05-31", "close": 152.679993, "volume": 3305, "typical_volume": 4531.25, "trend": 142.132001, "fair_value": 113.955513, "relative_strength": 7.953336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.577899, "energy": 65.483825, "activity_lines": [ 152.909332, 150.32109, 149.481142, 146.79385 ] }, { "date": "2024-06-07", "close": 160.179993, "volume": 10522, "typical_volume": 4962.3, "trend": 143.400001, "fair_value": 114.303077, "relative_strength": 10.423614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.52654, "energy": 82.432036, "activity_lines": [ 155.770664, 152.29418, 150.632951, 147.958236 ] }, { "date": "2024-06-14", "close": 169.080002, "volume": 2725, "typical_volume": 4755.45, "trend": 144.786001, "fair_value": 114.696282, "relative_strength": 17.967791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.646996, "energy": 91.965518, "activity_lines": [ 160.695998, 155.72218, 152.52638, 149.615011 ] }, { "date": "2024-06-21", "close": 168.320007, "volume": 3621, "typical_volume": 4762.5, "trend": 146.109334, "fair_value": 115.074103, "relative_strength": 17.099564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.757752, "energy": 92.087347, "activity_lines": [ 164.013334, 158.651636, 154.225047, 151.133334 ] }, { "date": "2024-06-28", "close": 170.0, "volume": 3044, "typical_volume": 4733.1, "trend": 147.480001, "fair_value": 115.452436, "relative_strength": 17.815088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.999128, "energy": 91.774587, "activity_lines": [ 166.904001, 161.535273, 155.958, 152.674667 ] }, { "date": "2024-07-05", "close": 174.399994, "volume": 8603, "typical_volume": 4918.15, "trend": 148.992667, "fair_value": 115.853334, "relative_strength": 20.074972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.824412, "energy": 92.801949, "activity_lines": [ 170.353333, 164.706181, 157.999523, 154.411441 ] }, { "date": "2024-07-12", "close": 173.839996, "volume": 3448, "typical_volume": 4652.7, "trend": 150.338667, "fair_value": 116.246026, "relative_strength": 15.688075, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.547459, "energy": 87.54511, "activity_lines": [ 172.167998, 167.223271, 159.85657, 156.014494 ] }, { "date": "2024-07-19", "close": 166.800003, "volume": 6215, "typical_volume": 4900.05, "trend": 151.436667, "fair_value": 116.577436, "relative_strength": 12.281148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.565712, "energy": 63.114779, "activity_lines": [ 170.725333, 167.965818, 160.922285, 157.076516 ] }, { "date": "2024-07-26", "close": 161.880005, "volume": 8756, "typical_volume": 4948.1, "trend": 152.356, "fair_value": 116.882436, "relative_strength": 7.979146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.904931, "energy": 51.009219, "activity_lines": [ 167.794668, 167.485818, 161.440762, 157.750279 ] }, { "date": "2024-08-02", "close": 154.559998, "volume": 3017, "typical_volume": 4936.7, "trend": 153.191334, "fair_value": 117.13, "relative_strength": 5.921033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.488036, "energy": 19.335913, "activity_lines": [ 162.853334, 165.522909, 161.213619, 157.892473 ] }, { "date": "2024-08-09", "close": 154.860001, "volume": 10724, "typical_volume": 5274.3, "trend": 153.854667, "fair_value": 117.382693, "relative_strength": 5.802607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.217162, "energy": 23.666296, "activity_lines": [ 159.041334, 163.647637, 160.988, 158.000129 ] }, { "date": "2024-08-16", "close": 166.020004, "volume": 9318, "typical_volume": 5701.35, "trend": 154.791334, "fair_value": 117.706026, "relative_strength": 9.904246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.006933, "energy": 26.444369, "activity_lines": [ 160.252002, 163.761819, 161.812762, 158.784989 ] }, { "date": "2024-08-23", "close": 168.339996, "volume": 29523, "typical_volume": 6242.4, "trend": 155.623333, "fair_value": 118.033334, "relative_strength": 9.492028, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.685168, "energy": 23.38951, "activity_lines": [ 162.757333, 164.191637, 162.787905, 159.659097 ] }, { "date": "2024-08-30", "close": 166.440002, "volume": 22812, "typical_volume": 7346.0, "trend": 156.440667, "fair_value": 118.334231, "relative_strength": 7.106987, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.291491, "energy": 26.72525, "activity_lines": [ 164.526667, 164.289455, 163.491238, 160.356946 ] }, { "date": "2024-09-06", "close": 155.479996, "volume": 25938, "typical_volume": 8252.9, "trend": 156.73, "fair_value": 118.567693, "relative_strength": 4.163665, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.355901, "energy": 11.801659, "activity_lines": [ 162.338666, 162.428727, 163.067714, 160.294967 ] }, { "date": "2024-09-13", "close": 165.720001, "volume": 9260, "typical_volume": 8662.5, "trend": 157.358666, "fair_value": 118.876539, "relative_strength": 9.317013, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.157992, "energy": 22.110356, "activity_lines": [ 163.502666, 162.693818, 163.554286, 160.874967 ] }, { "date": "2024-09-20", "close": 168.160004, "volume": 9398, "typical_volume": 9057.85, "trend": 158.015333, "fair_value": 119.201667, "relative_strength": 11.25804, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.542975, "energy": 23.788828, "activity_lines": [ 164.756001, 163.560364, 164.17, 161.571828 ] }, { "date": "2024-09-27", "close": 170.960007, "volume": 5065, "typical_volume": 8977.65, "trend": 158.704667, "fair_value": 119.581923, "relative_strength": 9.750898, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.109818, "energy": 32.176578, "activity_lines": [ 166.800003, 165.039275, 164.949906, 162.406968 ] }, { "date": "2024-10-04", "close": 168.580002, "volume": 8767, "typical_volume": 9263.2, "trend": 159.267334, "fair_value": 119.932693, "relative_strength": 9.786707, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.622482, "energy": 45.949143, "activity_lines": [ 167.876003, 166.00982, 165.39743, 163.044087 ] }, { "date": "2024-10-11", "close": 174.300003, "volume": 1681, "typical_volume": 9287.1, "trend": 160.114667, "fair_value": 120.303077, "relative_strength": 11.455615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.021263, "energy": 60.028022, "activity_lines": [ 170.716004, 167.898548, 166.318001, 164.013936 ] }, { "date": "2024-10-18", "close": 175.199997, "volume": 3938, "typical_volume": 9318.75, "trend": 160.88, "fair_value": 120.662693, "relative_strength": 9.930148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.645454, "energy": 67.191124, "activity_lines": [ 172.601335, 169.592001, 167.238953, 164.987183 ] }, { "date": "2024-10-25", "close": 174.380005, "volume": 2578, "typical_volume": 8921.55, "trend": 161.652667, "fair_value": 121.011411, "relative_strength": 10.129697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.187341, "energy": 66.010136, "activity_lines": [ 173.581336, 170.766548, 167.974573, 165.858151 ] }, { "date": "2024-11-01", "close": 170.339996, "volume": 4470, "typical_volume": 9008.8, "trend": 162.355333, "fair_value": 121.30359, "relative_strength": 9.010103, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.796794, "energy": 57.206996, "activity_lines": [ 172.8, 171.054547, 168.25781, 166.418624 ] }, { "date": "2024-11-08", "close": 178.399994, "volume": 10202, "typical_volume": 9337.85, "trend": 163.335333, "fair_value": 121.653718, "relative_strength": 15.205861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.421337, "energy": 62.104865, "activity_lines": [ 174.746664, 172.771636, 169.302667, 167.453764 ] }, { "date": "2024-11-15", "close": 173.919998, "volume": 5670, "typical_volume": 9469.15, "trend": 164.406, "fair_value": 121.956026, "relative_strength": 13.448921, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.560142, "energy": 45.145355, "activity_lines": [ 174.545331, 173.456727, 169.872857, 168.136645 ] }, { "date": "2024-11-22", "close": 176.0, "volume": 3781, "typical_volume": 9228.05, "trend": 165.471333, "fair_value": 122.291539, "relative_strength": 13.399968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.734183, "energy": 42.667533, "activity_lines": [ 175.062665, 174.184726, 170.622476, 168.884645 ] }, { "date": "2024-11-29", "close": 177.279999, "volume": 5734, "typical_volume": 9342.35, "trend": 166.492667, "fair_value": 122.65218, "relative_strength": 13.230284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.731666, "energy": 51.970449, "activity_lines": [ 175.953332, 174.958544, 171.486381, 169.646495 ] }, { "date": "2024-12-06", "close": 184.119995, "volume": 17675, "typical_volume": 9915.35, "trend": 167.671333, "fair_value": 123.01859, "relative_strength": 16.764007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.219247, "energy": 69.041886, "activity_lines": [ 178.930664, 176.81018, 172.985333, 170.783742 ] }, { "date": "2024-12-13", "close": 181.960007, "volume": 14503, "typical_volume": 10202.7, "trend": 168.619333, "fair_value": 123.402052, "relative_strength": 15.64107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.39889, "energy": 76.177334, "activity_lines": [ 180.269334, 178.029818, 174.196095, 171.705592 ] }, { "date": "2024-12-20", "close": 177.020004, "volume": 6915, "typical_volume": 10397.6, "trend": 169.307333, "fair_value": 123.725641, "relative_strength": 14.97719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.735885, "energy": 63.556463, "activity_lines": [ 179.724002, 178.108, 174.840762, 172.24757 ] }, { "date": "2024-12-27", "close": 181.559998, "volume": 2269, "typical_volume": 9974.85, "trend": 170.27, "fair_value": 124.066026, "relative_strength": 15.254578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.272632, "energy": 62.559455, "activity_lines": [ 180.485334, 178.962182, 175.810857, 173.038065 ] }, { "date": "2025-01-03", "close": 180.080002, "volume": 3906, "typical_volume": 9704.25, "trend": 170.933334, "fair_value": 124.448334, "relative_strength": 13.346207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.946654, "energy": 44.409235, "activity_lines": [ 180.382668, 179.431637, 176.512857, 173.670968 ] }, { "date": "2025-01-10", "close": 175.160004, "volume": 4785, "typical_volume": 8467.35, "trend": 171.136001, "fair_value": 124.812308, "relative_strength": 8.248329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.170901, "energy": 27.07792, "activity_lines": [ 178.453336, 178.90291, 176.679334, 173.943657 ] }, { "date": "2025-01-17", "close": 179.520004, "volume": 21433, "typical_volume": 8398.4, "trend": 171.509334, "fair_value": 125.238462, "relative_strength": 8.710831, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.078702, "energy": 27.050728, "activity_lines": [ 178.574669, 179.079275, 177.228572, 174.48456 ] }, { "date": "2025-01-24", "close": 184.220001, "volume": 5133, "typical_volume": 7358.15, "trend": 171.983334, "fair_value": 125.719744, "relative_strength": 8.496107, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.885297, "energy": 36.20709, "activity_lines": [ 180.425336, 180.08982, 178.163144, 175.304603 ] }, { "date": "2025-01-31", "close": 179.259995, "volume": 7036, "typical_volume": 7246.95, "trend": 172.145334, "fair_value": 126.150641, "relative_strength": 2.74914, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.369711, "energy": 27.705631, "activity_lines": [ 180.142667, 180.011274, 178.488477, 175.774065 ] }, { "date": "2025-02-07", "close": 178.380005, "volume": 15470, "typical_volume": 7550.55, "trend": 172.296668, "fair_value": 126.562308, "relative_strength": 2.143376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.802274, "energy": 28.301261, "activity_lines": [ 179.720001, 179.713456, 178.665525, 176.176302 ] }, { "date": "2025-02-14", "close": 182.800003, "volume": 10693, "typical_volume": 7831.95, "trend": 172.830001, "fair_value": 127.031667, "relative_strength": 2.486525, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.168311, "energy": 33.773494, "activity_lines": [ 180.884002, 180.199275, 179.214858, 176.853936 ] }, { "date": "2025-02-21", "close": 183.839996, "volume": 6629, "typical_volume": 7725.05, "trend": 173.562001, "fair_value": 127.519231, "relative_strength": 2.022706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.60537, "energy": 33.276574, "activity_lines": [ 181.885333, 180.898183, 179.806858, 177.564259 ] }, { "date": "2025-02-28", "close": 169.059998, "volume": 22611, "typical_volume": 8771.55, "trend": 174.045334, "fair_value": 127.917052, "relative_strength": -6.57303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -0.933311, "energy": 3.937336, "activity_lines": [ 177.671999, 178.875637, 178.918572, 177.273807 ] }, { "date": "2025-03-07", "close": 164.559998, "volume": 46565, "typical_volume": 10902.9, "trend": 174.368667, "fair_value": 128.304103, "relative_strength": -9.506866, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -32.150175, "energy": 30.641639, "activity_lines": [ 172.969332, 176.179636, 177.626667, 176.66185 ] }, { "date": "2025-03-14", "close": 160.539993, "volume": 41010, "typical_volume": 12824.5, "trend": 174.186, "fair_value": 128.638205, "relative_strength": -10.585022, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.503545, "energy": 56.1821, "activity_lines": [ 167.906663, 173.061816, 176.002571, 175.769677 ] }, { "date": "2025-03-21", "close": 161.220001, "volume": 14733, "typical_volume": 13337.65, "trend": 173.948667, "fair_value": 128.943205, "relative_strength": -11.205024, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.900836, "energy": 68.93024, "activity_lines": [ 164.259998, 170.422908, 174.509143, 174.933161 ] }, { "date": "2025-03-28", "close": 158.639999, "volume": 13062, "typical_volume": 13480.65, "trend": 173.688667, "fair_value": 129.226923, "relative_strength": -10.961177, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.932923, "energy": 73.471113, "activity_lines": [ 161.191998, 167.568362, 172.813428, 173.945505 ] }, { "date": "2025-04-04", "close": 142.740005, "volume": 16912, "typical_volume": 14042.75, "trend": 173.264, "fair_value": 129.437308, "relative_strength": -11.600572, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.277228, "energy": 92.811811, "activity_lines": [ 154.504001, 162.202545, 169.697524, 171.948817 ] }, { "date": "2025-04-11", "close": 148.960007, "volume": 29053, "typical_volume": 15306.35, "trend": 172.705334, "fair_value": 129.708975, "relative_strength": -4.41273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.297281, "energy": 83.80327, "activity_lines": [ 151.644003, 158.721819, 167.322477, 170.380818 ] }, { "date": "2025-04-18", "close": 147.820007, "volume": 9437, "typical_volume": 15491.5, "trend": 172.027334, "fair_value": 129.985385, "relative_strength": -8.585633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.830436, "energy": 80.297661, "activity_lines": [ 149.444005, 155.584729, 164.96762, 168.775313 ] }, { "date": "2025-04-25", "close": 157.440002, "volume": 7049, "typical_volume": 14960.2, "trend": 171.576667, "fair_value": 130.334616, "relative_strength": -4.9923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.254674, "energy": 57.189321, "activity_lines": [ 151.298671, 154.752366, 163.669239, 167.834195 ] }, { "date": "2025-05-02", "close": 164.800003, "volume": 3825, "typical_volume": 14426.3, "trend": 171.450667, "fair_value": 130.749103, "relative_strength": -3.140066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.63258, "energy": 39.135097, "activity_lines": [ 155.858671, 155.719276, 163.198859, 167.39699 ] }, { "date": "2025-05-09", "close": 166.600006, "volume": 6966, "typical_volume": 14428.85, "trend": 171.194001, "fair_value": 131.212821, "relative_strength": -0.888227, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.357008, "energy": 22.98784, "activity_lines": [ 160.608005, 157.35964, 162.981621, 167.084045 ] }, { "date": "2025-05-16", "close": 178.5, "volume": 7895, "typical_volume": 14710.15, "trend": 171.304001, "fair_value": 131.763462, "relative_strength": 3.811543, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -3.129953, "energy": 20.788735, "activity_lines": [ 167.733336, 161.208367, 163.947335, 167.555399 ] }, { "date": "2025-05-23", "close": 173.100006, "volume": 3347, "typical_volume": 14682.2, "trend": 171.261334, "fair_value": 132.242308, "relative_strength": 1.644705, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.361254, "energy": 26.996299, "activity_lines": [ 171.089337, 163.821822, 164.413336, 167.671271 ] }, { "date": "2025-05-30", "close": 176.179993, "volume": 2082, "typical_volume": 14547.05, "trend": 171.456001, "fair_value": 132.741154, "relative_strength": 2.973837, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 25.427801, "energy": 35.695564, "activity_lines": [ 173.786667, 166.766911, 165.205906, 167.988603 ] }, { "date": "2025-06-06", "close": 182.380005, "volume": 2182, "typical_volume": 13584.5, "trend": 171.588668, "fair_value": 133.301283, "relative_strength": 5.156231, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.897171, "energy": 48.162257, "activity_lines": [ 177.301335, 170.567275, 166.584097, 168.693378 ] }, { "date": "2025-06-13", "close": 181.860001, "volume": 5647, "typical_volume": 13610.2, "trend": 171.853335, "fair_value": 133.907116, "relative_strength": 6.620277, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.252956, "energy": 58.996346, "activity_lines": [ 179.470668, 173.841457, 167.899145, 169.356045 ] }, { "date": "2025-06-20", "close": 184.360001, "volume": 3491, "typical_volume": 13432.95, "trend": 172.132001, "fair_value": 134.49468, "relative_strength": 10.357608, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.970012, "energy": 61.279115, "activity_lines": [ 181.456001, 176.858911, 169.463526, 170.162926 ] }, { "date": "2025-06-27", "close": 192.639999, "volume": 6407, "typical_volume": 12979.8, "trend": 172.644001, "fair_value": 135.165449, "relative_strength": 13.967481, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.964405, "energy": 71.789478, "activity_lines": [ 185.810667, 180.738183, 171.792192, 171.486023 ] }, { "date": "2025-07-04", "close": 194.660004, "volume": 747, "typical_volume": 12482.5, "trend": 172.995335, "fair_value": 135.815193, "relative_strength": 14.967604, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.023413, "energy": 78.161421, "activity_lines": [ 189.536002, 184.16982, 174.245335, 172.90641 ] }, { "date": "2025-07-11", "close": 196.580002, "volume": 959, "typical_volume": 12199.0, "trend": 173.482668, "fair_value": 136.485257, "relative_strength": 16.061732, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.875797, "energy": 92.838516, "activity_lines": [ 192.669335, 187.27382, 176.824859, 174.428002 ] }, { "date": "2025-07-18", "close": 199.5, "volume": 9140, "typical_volume": 11525.45, "trend": 174.232001, "fair_value": 137.145642, "relative_strength": 16.87179, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.780701, "energy": 93.241938, "activity_lines": [ 195.829335, 190.33091, 179.621811, 176.106539 ] }, { "date": "2025-07-25", "close": 200.550003, "volume": 7710, "typical_volume": 9582.7, "trend": 174.865001, "fair_value": 137.788013, "relative_strength": 17.192283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.364619, "energy": 92.144614, "activity_lines": [ 198.163335, 192.980729, 182.373811, 177.804475 ] }, { "date": "2025-08-01", "close": 203.550003, "volume": 2070, "typical_volume": 7635.7, "trend": 175.647335, "fair_value": 138.439616, "relative_strength": 19.477186, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.525947, "energy": 93.258343, "activity_lines": [ 200.418002, 195.775093, 185.240145, 179.65512 ] }, { "date": "2025-08-08", "close": 204.0, "volume": 3003, "typical_volume": 7049.2, "trend": 176.608668, "fair_value": 139.080642, "relative_strength": 18.773093, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.543409, "energy": 90.285303, "activity_lines": [ 202.095335, 198.097638, 187.944526, 181.484324 ] }, { "date": "2025-08-15", "close": 204.399994, "volume": 2528, "typical_volume": 6522.5, "trend": 177.438001, "fair_value": 139.723077, "relative_strength": 16.449247, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.984198, "energy": 89.550141, "activity_lines": [ 203.283332, 199.987091, 190.483287, 183.277313 ] }, { "date": "2025-08-22", "close": 202.850006, "volume": 5761, "typical_volume": 5964.95, "trend": 178.059001, "fair_value": 140.367116, "relative_strength": 13.335396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.013193, "energy": 69.740572, "activity_lines": [ 203.433334, 201.194365, 192.656525, 184.916797 ] }, { "date": "2025-08-29", "close": 202.0, "volume": 5550, "typical_volume": 4789.8, "trend": 178.817001, "fair_value": 141.052372, "relative_strength": 13.1004, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.060805, "energy": 65.604147, "activity_lines": [ 203.076667, 201.865455, 194.462573, 186.461378 ] }, { "date": "2025-09-05", "close": 204.600006, "volume": 443, "typical_volume": 4340.1, "trend": 179.691001, "fair_value": 141.75077, "relative_strength": 12.348123, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.000333, "energy": 66.361702, "activity_lines": [ 203.490002, 202.688547, 196.263668, 188.124797 ] }, { "date": "2025-09-12", "close": 208.0, "volume": 1585, "typical_volume": 4066.9, "trend": 180.531001, "fair_value": 142.510834, "relative_strength": 15.374338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.82732, "energy": 68.463314, "activity_lines": [ 204.966669, 203.912365, 198.118192, 189.951184 ] }, { "date": "2025-09-19", "close": 212.199997, "volume": 942, "typical_volume": 3922.75, "trend": 181.476335, "fair_value": 143.315642, "relative_strength": 17.99552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.527306, "energy": 71.597802, "activity_lines": [ 207.576667, 205.657273, 200.131953, 191.994345 ] }, { "date": "2025-09-26", "close": 213.800003, "volume": 3136, "typical_volume": 3731.25, "trend": 182.967668, "fair_value": 144.140898, "relative_strength": 20.063971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.864996, "energy": 77.754138, "activity_lines": [ 210.200001, 207.409092, 202.072382, 194.079743 ] }, { "date": "2025-10-03", "close": 220.350006, "volume": 1396, "typical_volume": 3406.3, "trend": 184.827335, "fair_value": 145.002244, "relative_strength": 17.490131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.164557, "energy": 92.033923, "activity_lines": [ 214.276669, 210.09182, 204.411859, 196.491507 ] }, { "date": "2025-10-10", "close": 219.800003, "volume": 1572, "typical_volume": 3317.55, "trend": 186.802669, "fair_value": 145.866347, "relative_strength": 16.948389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.677637, "energy": 91.218791, "activity_lines": [ 216.946669, 212.314548, 206.499668, 198.747808 ] }, { "date": "2025-10-17", "close": 217.850006, "volume": 6514, "typical_volume": 3539.15, "trend": 188.690336, "fair_value": 146.718334, "relative_strength": 13.976928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.295815, "energy": 82.950223, "activity_lines": [ 217.953338, 213.887276, 208.179383, 200.750862 ] }, { "date": "2025-10-24", "close": 217.75, "volume": 7044, "typical_volume": 3782.25, "trend": 190.660669, "fair_value": 147.54359, "relative_strength": 14.178619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.768644, "energy": 67.414582, "activity_lines": [ 218.270003, 215.190003, 209.651145, 202.625679 ] }, { "date": "2025-10-31", "close": 231.550003, "volume": 2232, "typical_volume": 3611.5, "trend": 193.621002, "fair_value": 148.484424, "relative_strength": 23.988865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.729313, "energy": 75.705546, "activity_lines": [ 222.81667, 218.759094, 212.268764, 205.263701 ] }, { "date": "2025-11-07", "close": 218.0, "volume": 2710, "typical_volume": 3572.45, "trend": 195.922335, "fair_value": 149.285962, "relative_strength": 15.747368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.786195, "energy": 63.588085, "activity_lines": [ 221.663335, 219.34273, 213.359288, 206.836539 ] }, { "date": "2025-11-14", "close": 217.300003, "volume": 4741, "typical_volume": 3489.15, "trend": 198.238335, "fair_value": 150.079231, "relative_strength": 11.99267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.541483, "energy": 55.34024, "activity_lines": [ 220.433335, 219.508184, 214.222954, 208.215744 ] }, { "date": "2025-11-21", "close": 208.050003, "volume": 8165, "typical_volume": 3860.05, "trend": 199.925335, "fair_value": 150.801924, "relative_strength": 7.045166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.015178, "energy": 35.317298, "activity_lines": [ 216.286669, 217.760912, 214.08824, 208.848755 ] }, { "date": "2025-11-28", "close": 219.550003, "volume": 311, "typical_volume": 3827.65, "trend": 201.750335, "fair_value": 151.600706, "relative_strength": 10.907931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.081335, "energy": 24.166617, "activity_lines": [ 216.626669, 218.103639, 214.985002, 210.114862 ] }, { "date": "2025-12-05", "close": 224.350006, "volume": 1966, "typical_volume": 3468.95, "trend": 203.675335, "fair_value": 152.43827, "relative_strength": 12.196409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.055269, "energy": 31.546656, "activity_lines": [ 218.44667, 219.185458, 216.229527, 211.572906 ] }, { "date": "2025-12-12", "close": 219.300003, "volume": 18320, "typical_volume": 3999.45, "trend": 205.035335, "fair_value": 153.267116, "relative_strength": 9.887187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.710542, "energy": 26.047066, "activity_lines": [ 219.063337, 219.157276, 216.874765, 212.580949 ] }, { "date": "2025-12-19", "close": 218.5, "volume": 1864, "typical_volume": 3989.15, "trend": 206.548668, "fair_value": 154.107373, "relative_strength": 6.984459, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.827908, "energy": 34.123326, "activity_lines": [ 219.326669, 219.00273, 217.354526, 213.449637 ] }, { "date": "2025-12-26", "close": 221.600006, "volume": 503, "typical_volume": 3864.15, "trend": 208.062669, "fair_value": 154.96577, "relative_strength": 7.778306, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.530124, "energy": 36.622271, "activity_lines": [ 220.543337, 219.435458, 218.058336, 214.420691 ] }, { "date": "2026-01-02", "close": 221.949997, "volume": 575, "typical_volume": 3766.5, "trend": 209.381669, "fair_value": 155.829488, "relative_strength": 7.582909, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.005812, "energy": 35.056488, "activity_lines": [ 220.973335, 219.863639, 218.711669, 215.316647 ] }, { "date": "2026-01-09", "close": 220.199997, "volume": 2103, "typical_volume": 3583.6, "trend": 210.659668, "fair_value": 156.650065, "relative_strength": 5.305189, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.744743, "energy": 30.38828, "activity_lines": [ 220.66, 219.897274, 219.114764, 216.014604 ] }, { "date": "2026-01-16", "close": 220.75, "volume": 14839, "typical_volume": 4048.05, "trend": 211.872668, "fair_value": 157.478847, "relative_strength": 5.43971, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.081127, "energy": 29.525385, "activity_lines": [ 220.806666, 220.237274, 219.487621, 216.665593 ] }, { "date": "2026-01-23", "close": 216.949997, "volume": 6767, "typical_volume": 4364.25, "trend": 212.683002, "fair_value": 158.251603, "relative_strength": 5.528685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.044821, "energy": 17.824347, "activity_lines": [ 219.589998, 219.836364, 219.409287, 216.993163 ] }, { "date": "2026-01-30", "close": 219.5, "volume": 4907, "typical_volume": 4530.35, "trend": 213.511002, "fair_value": 159.013783, "relative_strength": 6.121118, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.691401, "energy": 15.324828, "activity_lines": [ 219.326665, 219.905454, 219.515001, 217.432969 ] }, { "date": "2026-02-06", "close": 211.899994, "volume": 2076, "typical_volume": 4587.05, "trend": 214.021668, "fair_value": 159.737629, "relative_strength": 0.39198, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.630805, "energy": 7.864048, "activity_lines": [ 216.669997, 218.384544, 218.842143, 217.329033 ] }, { "date": "2026-02-13", "close": 212.100006, "volume": 3249, "typical_volume": 4592.7, "trend": 214.441668, "fair_value": 160.466026, "relative_strength": -0.926674, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.197537, "energy": 15.927708, "activity_lines": [ 214.75, 217.039091, 218.189763, 217.205055 ] }, { "date": "2026-02-20", "close": 213.050003, "volume": 4953, "typical_volume": 4770.55, "trend": 214.858335, "fair_value": 161.21577, "relative_strength": -2.483153, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.888453, "energy": 34.330072, "activity_lines": [ 213.686668, 216.089091, 217.635953, 217.11527 ] }, { "date": "2026-02-27", "close": 210.0, "volume": 809, "typical_volume": 4732.4, "trend": 215.073335, "fair_value": 161.934488, "relative_strength": -5.168745, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.751887, "energy": 49.711076, "activity_lines": [ 212.120001, 214.698182, 216.826429, 216.801829 ] }, { "date": "2026-03-06", "close": 211.25, "volume": 1146, "typical_volume": 4464.0, "trend": 215.315001, "fair_value": 162.662629, "relative_strength": 1.649619, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.70777, "energy": 49.766923, "activity_lines": [ 211.433334, 213.689091, 216.18262, 216.555162 ] }, { "date": "2026-03-13", "close": 207.850006, "volume": 1230, "typical_volume": 4173.3, "trend": 215.430002, "fair_value": 163.347437, "relative_strength": 1.547275, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.667199, "energy": 52.522338, "activity_lines": [ 210.163336, 212.250001, 215.24643, 216.07355 ] }, { "date": "2026-03-20", "close": 204.399994, "volume": 9872, "typical_volume": 4555.3, "trend": 215.481668, "fair_value": 164.003462, "relative_strength": 3.530424, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.409999, "energy": 70.574043, "activity_lines": [ 208.013333, 210.44, 214.02881, 215.361936 ] }, { "date": "2026-03-27", "close": 197.220001, "volume": 3232, "typical_volume": 4581.4, "trend": 215.322335, "fair_value": 164.59577, "relative_strength": -2.4775, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.49578, "energy": 80.331158, "activity_lines": [ 203.983333, 207.611819, 212.256667, 214.183764 ] }, { "date": "2026-04-03", "close": 203.25, "volume": 3457, "typical_volume": 4517.2, "trend": 215.277335, "fair_value": 165.232244, "relative_strength": -3.07737, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.715757, "energy": 69.568296, "activity_lines": [ 203.018667, 206.307819, 211.157762, 213.404904 ] }, { "date": "2026-04-10", "close": 212.25, "volume": 2187, "typical_volume": 4218.3, "trend": 215.419001, "fair_value": 165.921924, "relative_strength": -0.667833, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.542255, "energy": 44.078243, "activity_lines": [ 205.504, 206.889273, 210.982905, 213.209592 ] }, { "date": "2026-04-17", "close": 230.600006, "volume": 1022, "typical_volume": 4253.85, "trend": 216.032335, "fair_value": 166.733591, "relative_strength": 5.400674, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -2.988677, "energy": 7.358393, "activity_lines": [ 214.039335, 210.93891, 212.535667, 214.189012 ] }, { "date": "2026-04-24", "close": 235.300003, "volume": 232, "typical_volume": 4167.15, "trend": 216.749002, "fair_value": 167.566924, "relative_strength": 9.045145, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.87358, "energy": 41.3071, "activity_lines": [ 222.624669, 215.503092, 214.48343, 215.432087 ] }, { "date": "2026-05-01", "close": 236.050003, "volume": 2297, "typical_volume": 3366.0, "trend": 217.272335, "fair_value": 168.398527, "relative_strength": 9.092309, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.941064, "energy": 55.548262, "activity_lines": [ 229.400003, 219.78182, 216.450477, 216.677313 ] }, { "date": "2026-05-08", "close": 252.600006, "volume": 2034, "typical_volume": 3374.5, "trend": 218.365668, "fair_value": 169.335065, "relative_strength": 16.311943, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.5018, "energy": 95.877876, "activity_lines": [ 239.103338, 226.651457, 219.913954, 218.956518 ] }, { "date": "2026-05-15", "close": 258.149994, "volume": 1076, "typical_volume": 3403.15, "trend": 219.709001, "fair_value": 170.278591, "relative_strength": 17.105791, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.703946, "energy": 96.411108, "activity_lines": [ 247.366668, 233.755638, 223.74362, 221.523248 ] }, { "date": "2026-05-22", "close": 260.100006, "volume": 4325, "typical_volume": 3590.65, "trend": 221.120668, "fair_value": 171.209103, "relative_strength": 14.8454, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.880546, "energy": 94.738399, "activity_lines": [ 253.220002, 240.361639, 227.584954, 224.12912 ] }, { "date": "2026-05-29", "close": 271.950012, "volume": 376, "typical_volume": 3504.3, "trend": 222.467335, "fair_value": 172.203911, "relative_strength": 18.95429, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.291973, "energy": 96.707903, "activity_lines": [ 261.056672, 248.172186, 232.373193, 227.408432 ] }, { "date": "2026-06-05", "close": 267.350006, "volume": 1066, "typical_volume": 2815.65, "trend": 224.112335, "fair_value": 173.16936, "relative_strength": 17.591729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.83887, "energy": 91.11862, "activity_lines": [ 264.916673, 253.918186, 236.476908, 230.304088 ] }, { "date": "2026-06-12", "close": 261.899994, "volume": 346, "typical_volume": 2494.6, "trend": 225.599002, "fair_value": 174.061668, "relative_strength": 11.983157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.335713, "energy": 84.617443, "activity_lines": [ 264.873336, 257.398185, 239.839669, 232.742002 ] }, { "date": "2026-06-19", "close": 269.399994, "volume": 54, "typical_volume": 2251.95, "trend": 227.644001, "fair_value": 175.027052, "relative_strength": 14.119838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.875234, "energy": 75.311801, "activity_lines": [ 266.71, 261.175456, 243.702668, 235.567872 ] }, { "date": "2026-06-26", "close": 256.799988, "volume": 425, "typical_volume": 2169.4, "trend": 228.885667, "fair_value": 175.893078, "relative_strength": 5.480827, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.273937, "energy": 63.809635, "activity_lines": [ 263.596661, 261.622726, 246.128048, 237.448904 ] }, { "date": "2026-07-03", "close": 261.299988, "volume": 600, "typical_volume": 2036.95, "trend": 230.117333, "fair_value": 176.79718, "relative_strength": 5.238896, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.22227, "energy": 56.172034, "activity_lines": [ 262.203325, 262.411815, 248.76819, 239.54015 ] }, { "date": "2026-07-10", "close": 265.0, "volume": 710, "typical_volume": 1824.8, "trend": 231.640667, "fair_value": 177.698334, "relative_strength": 7.888302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.536148, "energy": 56.028533, "activity_lines": [ 262.753327, 263.400906, 251.526428, 241.790645 ] }, { "date": "2026-07-17", "close": 255.0, "volume": 2893, "typical_volume": 1929.0, "trend": 232.857333, "fair_value": 178.538719, "relative_strength": 2.90145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.149329, "energy": 43.056277, "activity_lines": [ 260.126662, 262.045451, 253.084904, 243.297699 ] }, { "date": "2026-07-24", "close": 257.700012, "volume": 444, "typical_volume": 1893.9, "trend": 234.060667, "fair_value": 179.395129, "relative_strength": 3.970451, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.12124, "energy": 39.833303, "activity_lines": [ 258.860002, 261.137272, 254.686238, 244.900452 ] }, { "date": "2026-07-31", "close": 252.300003, "volume": 3688, "typical_volume": 2016.8, "trend": 235.072334, "fair_value": 180.237309, "relative_strength": 1.613457, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.20263, "energy": 29.261563, "activity_lines": [ 256.573337, 259.255454, 255.552096, 246.077183 ] }, { "date": "2026-08-07", "close": 274.549988, "volume": 5165, "typical_volume": 1781.45, "trend": 236.884, "fair_value": 181.245962, "relative_strength": 8.859649, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.945395, "energy": 45.8433, "activity_lines": [ 262.003333, 261.560907, 258.325333, 248.624129 ] } ], "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." } } }