{ "ticker": { "uuid": "36013515-43ff-4942-b78f-aa0d34002340", "symbol": "NVS", "name": "Novartis AG ADR", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": 83.144, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 52.959, "architecture_energy": 29.35, "architecture_maturity": 17.129, "architecture_confidence": 64.902, "architecture_tenure": "Developing", "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": 38.03, "rotation_up": 46.55, "upward_expansion": 73.53, "deceleration": 63.4, "rotation_down": 19.44, "downward_expansion": 2.53 }, "activity_lines": [ 155.523333, 155.036909, 153.028143, 152.545855 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 156.33, "trend_reference": 151.66173, "distance_from_trend": 0.030781, "trend_direction": "Improving", "fair_value": 113.00794, "distance_from_fair_value": 0.383354, "fair_value_direction": "Improving", "relative_strength": -0.934638, "relative_strength_direction": "Weakening", "price_momentum": 0.030042, "excess_performance": -0.095583, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030781, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.056727, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.383354, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.029046, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.009346, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.003256, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.030042, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.809029, "read": "Demand-led" } ], "volume": { "latest": 6905501, "relative_activity": 0.841524, "balance": 1.809029, "dry_up": 1.051032, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.041074, "annualized_volatility": 0.204296, "from_high_reference": -0.054798, "from_low_reference": 0.370761 }, "levels": { "trend_reference": 151.66173, "fair_value_reference": 113.00794, "structural_low": 142.25, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": 0.004842, "positive_rate": 0.580645, "directional_follow_through": 0.580645, "median_excess_return": -0.009453, "regime_survival": 0.709677, "best_return": 0.105129, "worst_return": -0.102735, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.020142, "positive_rate": 0.583333, "directional_follow_through": 0.583333, "median_excess_return": -0.040577, "regime_survival": 0.333333, "best_return": 0.179349, "worst_return": -0.120445, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.073901, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.045592, "regime_survival": 0.375, "best_return": 0.191704, "worst_return": -0.133196, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.104329, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.029132, "regime_survival": 0.0, "best_return": 0.412824, "worst_return": -0.052461, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-19", "end": "2024-05-03", "tenure": "New", "return": 0.030839, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.004603, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-09-27", "tenure": "Established", "return": 0.150005, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-04", "end": "2024-11-15", "tenure": "Developing", "return": -0.095568, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-20", "tenure": "Developing", "return": -0.068757, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-02-21", "tenure": "Developing", "return": 0.111393, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": 0.022217, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-08-01", "tenure": "Established", "return": 0.040051, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-08-15", "tenure": "New", "return": 0.063078, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-14", "tenure": "Established", "return": 0.033706, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2025-12-05", "tenure": "New", "return": 0.038096, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-03-27", "tenure": "Established", "return": 0.151992, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-07-03", "tenure": "Established", "return": 0.038109, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.0148, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 91.131262, "volume": 3979083, "typical_volume": 8600934.35, "trend": 85.761257, "fair_value": 75.183726, "relative_strength": 5.186569, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.08356, "energy": 42.319795, "activity_lines": [ 92.510289, 91.773237, 91.305756, 89.31686 ] }, { "date": "2023-08-25", "close": 91.816867, "volume": 3965654, "typical_volume": 8385928.6, "trend": 86.242632, "fair_value": 75.329537, "relative_strength": 4.843378, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.346172, "energy": 32.903021, "activity_lines": [ 92.107347, 91.858692, 91.390082, 89.707545 ] }, { "date": "2023-09-01", "close": 90.860629, "volume": 4208113, "typical_volume": 8193710.75, "trend": 86.79704, "fair_value": 75.468809, "relative_strength": 0.949064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.290763, "energy": 22.560411, "activity_lines": [ 91.579912, 91.771105, 91.359625, 90.00548 ] }, { "date": "2023-09-08", "close": 88.713605, "volume": 5377881, "typical_volume": 7977256.4, "trend": 87.261724, "fair_value": 75.577957, "relative_strength": -0.379613, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.196988, "energy": 13.418113, "activity_lines": [ 90.54489, 91.292658, 91.11249, 90.129129 ] }, { "date": "2023-09-15", "close": 92.583661, "volume": 5675245, "typical_volume": 7659175.85, "trend": 87.838981, "fair_value": 75.706494, "relative_strength": 3.848973, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.299473, "energy": 17.373213, "activity_lines": [ 91.007974, 91.560011, 91.242351, 90.47248 ] }, { "date": "2023-09-22", "close": 91.239516, "volume": 4405807, "typical_volume": 7514362.6, "trend": 88.412648, "fair_value": 75.845996, "relative_strength": 5.113543, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.947615, "energy": 13.064246, "activity_lines": [ 91.080744, 91.453398, 91.24394, 90.691869 ] }, { "date": "2023-09-29", "close": 91.889036, "volume": 6419399, "typical_volume": 7473234.0, "trend": 89.035057, "fair_value": 75.987566, "relative_strength": 6.305738, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.305469, "energy": 13.635881, "activity_lines": [ 91.362804, 91.426991, 91.322768, 90.916153 ] }, { "date": "2023-10-06", "close": 87.631071, "volume": 9704474, "typical_volume": 7508679.4, "trend": 89.530316, "fair_value": 76.097393, "relative_strength": 0.693865, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.890743, "energy": 3.056869, "activity_lines": [ 90.220732, 90.678075, 91.001573, 90.825573 ] }, { "date": "2023-10-13", "close": 87.721283, "volume": 7385641, "typical_volume": 7283599.75, "trend": 89.982875, "fair_value": 76.219046, "relative_strength": 0.171518, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.080485, "energy": 25.141994, "activity_lines": [ 89.324033, 90.061031, 90.704736, 90.708861 ] }, { "date": "2023-10-20", "close": 85.411878, "volume": 9294165, "typical_volume": 7164936.95, "trend": 90.316355, "fair_value": 76.334894, "relative_strength": -0.284644, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.80095, "energy": 55.137638, "activity_lines": [ 87.723688, 89.098888, 90.190618, 90.413958 ] }, { "date": "2023-10-27", "close": 83.23779, "volume": 9398853, "typical_volume": 7025096.35, "trend": 90.324474, "fair_value": 76.469271, "relative_strength": -0.527143, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.38548, "energy": 78.339066, "activity_lines": [ 85.876766, 87.887599, 89.487616, 89.957276 ] }, { "date": "2023-11-03", "close": 83.679825, "volume": 10916241, "typical_volume": 7105909.1, "trend": 90.219228, "fair_value": 76.572533, "relative_strength": -5.538254, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.730921, "energy": 79.736423, "activity_lines": [ 84.710637, 86.900197, 88.863914, 89.528589 ] }, { "date": "2023-11-10", "close": 84.383471, "volume": 4984071, "typical_volume": 7095869.9, "trend": 90.088723, "fair_value": 76.67325, "relative_strength": -6.079826, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.335719, "energy": 77.316176, "activity_lines": [ 84.326338, 86.188678, 88.346188, 89.152089 ] }, { "date": "2023-11-17", "close": 85.619364, "volume": 8922599, "typical_volume": 7175120.65, "trend": 89.926643, "fair_value": 76.774629, "relative_strength": -6.854987, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.688152, "energy": 69.356761, "activity_lines": [ 84.570509, 85.819632, 87.976881, 88.863743 ] }, { "date": "2023-11-24", "close": 88.533182, "volume": 5894773, "typical_volume": 6835664.15, "trend": 89.793432, "fair_value": 76.883235, "relative_strength": -4.665713, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.351258, "energy": 37.532688, "activity_lines": [ 85.926081, 86.036631, 87.910855, 88.773842 ] }, { "date": "2023-12-01", "close": 88.524161, "volume": 5611537, "typical_volume": 6770886.05, "trend": 89.595268, "fair_value": 76.982272, "relative_strength": -5.45163, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.814672, "energy": 20.205215, "activity_lines": [ 87.070559, 86.325634, 87.829321, 88.691954 ] }, { "date": "2023-12-08", "close": 86.873298, "volume": 12868425, "typical_volume": 6776964.0, "trend": 89.389587, "fair_value": 77.065615, "relative_strength": -7.311099, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.874967, "energy": 22.058969, "activity_lines": [ 87.312325, 86.363851, 87.593569, 88.516343 ] }, { "date": "2023-12-15", "close": 87.86562, "volume": 7232814, "typical_volume": 6835364.2, "trend": 89.287047, "fair_value": 77.164062, "relative_strength": -8.275117, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.008255, "energy": 22.609906, "activity_lines": [ 87.671967, 86.673685, 87.489741, 88.418023 ] }, { "date": "2023-12-22", "close": 89.08347, "volume": 5566007, "typical_volume": 6868839.0, "trend": 89.313809, "fair_value": 77.282381, "relative_strength": -7.675801, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.317705, "energy": 17.071643, "activity_lines": [ 88.205415, 87.200682, 87.531023, 88.404889 ] }, { "date": "2023-12-29", "close": 91.086157, "volume": 4376702, "typical_volume": 6809374.2, "trend": 89.375754, "fair_value": 77.383475, "relative_strength": -5.782196, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.218635, "energy": 16.265818, "activity_lines": [ 89.175485, 88.067037, 87.776139, 88.519234 ] }, { "date": "2024-01-05", "close": 95.90343, "volume": 5969097, "typical_volume": 6908874.9, "trend": 89.537533, "fair_value": 77.517443, "relative_strength": 0.803718, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.558786, "energy": 59.760246, "activity_lines": [ 91.581115, 89.706091, 88.491299, 88.940374 ] }, { "date": "2024-01-12", "close": 96.931837, "volume": 7998201, "typical_volume": 7110502.25, "trend": 89.706528, "fair_value": 77.649875, "relative_strength": -0.013675, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.583798, "energy": 74.595354, "activity_lines": [ 93.837596, 91.301843, 89.281677, 89.417426 ] }, { "date": "2024-01-19", "close": 97.635483, "volume": 4609096, "typical_volume": 7130551.4, "trend": 89.933259, "fair_value": 77.780324, "relative_strength": -0.471447, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.291365, "energy": 83.64192, "activity_lines": [ 95.658056, 92.784586, 90.114712, 89.928971 ] }, { "date": "2024-01-26", "close": 96.670225, "volume": 5506324, "typical_volume": 7136973.55, "trend": 90.121199, "fair_value": 77.93746, "relative_strength": -2.505464, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.077636, "energy": 89.257709, "activity_lines": [ 96.505439, 93.850881, 90.823557, 90.363614 ] }, { "date": "2024-02-02", "close": 93.566962, "volume": 9287338, "typical_volume": 7317578.2, "trend": 90.391531, "fair_value": 78.074396, "relative_strength": -7.017109, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.892365, "energy": 81.771774, "activity_lines": [ 95.812618, 94.152022, 91.198964, 90.585922 ] }, { "date": "2024-02-09", "close": 91.140284, "volume": 6109899, "typical_volume": 7402782.8, "trend": 90.457686, "fair_value": 78.188108, "relative_strength": -10.630945, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.866965, "energy": 47.211056, "activity_lines": [ 94.145516, 93.920426, 91.338576, 90.634228 ] }, { "date": "2024-02-16", "close": 90.38251, "volume": 6098061, "typical_volume": 7386715.9, "trend": 90.312747, "fair_value": 78.31547, "relative_strength": -11.017817, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.239193, "energy": 23.256232, "activity_lines": [ 92.543367, 93.503487, 91.406492, 90.629378 ] }, { "date": "2024-02-23", "close": 93.729342, "volume": 7469860, "typical_volume": 7274985.2, "trend": 90.304327, "fair_value": 78.477068, "relative_strength": -9.194758, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.338199, "energy": 28.752081, "activity_lines": [ 92.49345, 93.631258, 91.800328, 90.849804 ] }, { "date": "2024-03-01", "close": 92.069458, "volume": 10291502, "typical_volume": 7420278.25, "trend": 90.312145, "fair_value": 78.620361, "relative_strength": -11.635756, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.510812, "energy": 26.387091, "activity_lines": [ 92.150648, 93.35062, 92.00704, 90.963683 ] }, { "date": "2024-03-08", "close": 94.251424, "volume": 5218766, "typical_volume": 7216508.3, "trend": 90.33887, "fair_value": 78.777004, "relative_strength": -9.279355, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.318492, "energy": 21.864354, "activity_lines": [ 92.841885, 93.412412, 92.400853, 91.21783 ] }, { "date": "2024-03-15", "close": 91.032033, "volume": 6379473, "typical_volume": 7065539.3, "trend": 90.335562, "fair_value": 78.903381, "relative_strength": -12.208758, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.616226, "energy": 17.415652, "activity_lines": [ 92.414362, 92.831309, 92.445965, 91.26255 ] }, { "date": "2024-03-22", "close": 90.058729, "volume": 4981956, "typical_volume": 6768825.05, "trend": 90.276958, "fair_value": 79.015698, "relative_strength": -14.878489, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.592948, "energy": 8.857353, "activity_lines": [ 91.66962, 92.161813, 92.361265, 91.24469 ] }, { "date": "2024-03-29", "close": 90.526663, "volume": 8542772, "typical_volume": 6946760.1, "trend": 90.265826, "fair_value": 79.138091, "relative_strength": -14.476237, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.312557, "energy": 11.293886, "activity_lines": [ 91.102442, 91.702362, 92.290755, 91.2608 ] }, { "date": "2024-04-05", "close": 89.646946, "volume": 8302021, "typical_volume": 6915731.2, "trend": 90.296937, "fair_value": 79.247024, "relative_strength": -14.20372, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.522034, "energy": 18.262403, "activity_lines": [ 90.455537, 91.212214, 92.107208, 91.220872 ] }, { "date": "2024-04-12", "close": 87.522522, "volume": 8262102, "typical_volume": 7034097.65, "trend": 90.128232, "fair_value": 79.33984, "relative_strength": -14.620336, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.305245, "energy": 46.623039, "activity_lines": [ 89.261992, 90.463502, 91.702157, 91.041878 ] }, { "date": "2024-04-19", "close": 88.308652, "volume": 7977461, "typical_volume": 7152393.85, "trend": 90.030537, "fair_value": 79.436364, "relative_strength": -10.744275, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.786682, "energy": 47.73311, "activity_lines": [ 88.779083, 89.967622, 91.376788, 90.924486 ] }, { "date": "2024-04-26", "close": 91.191131, "volume": 12742340, "typical_volume": 7146089.6, "trend": 90.007273, "fair_value": 79.567485, "relative_strength": -9.804665, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.8527, "energy": 30.106136, "activity_lines": [ 89.438559, 90.047314, 91.326967, 90.999363 ] }, { "date": "2024-05-03", "close": 91.032033, "volume": 7555348, "typical_volume": 7162216.3, "trend": 90.120639, "fair_value": 79.683116, "relative_strength": -10.023847, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.046811, "energy": 15.840987, "activity_lines": [ 89.969509, 90.083376, 91.241432, 91.065476 ] }, { "date": "2024-05-10", "close": 95.552283, "volume": 6721887, "typical_volume": 7220010.3, "trend": 90.381672, "fair_value": 79.822404, "relative_strength": -6.872361, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 50.654238, "energy": 29.035833, "activity_lines": [ 91.973518, 90.990344, 91.57132, 91.415905 ] }, { "date": "2024-05-17", "close": 95.992142, "volume": 5704979, "typical_volume": 7286424.15, "trend": 90.734348, "fair_value": 79.969033, "relative_strength": -7.612443, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.453607, "energy": 46.368067, "activity_lines": [ 93.730457, 91.913962, 91.912295, 91.777871 ] }, { "date": "2024-05-24", "close": 94.082968, "volume": 5028718, "typical_volume": 7239405.2, "trend": 91.095854, "fair_value": 80.101987, "relative_strength": -9.131741, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.683276, "energy": 52.092701, "activity_lines": [ 94.286364, 92.458809, 92.048082, 91.993911 ] }, { "date": "2024-05-31", "close": 96.516229, "volume": 5381554, "typical_volume": 7108572.85, "trend": 91.523734, "fair_value": 80.242985, "relative_strength": -6.152356, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.250064, "energy": 69.813435, "activity_lines": [ 95.268403, 93.390595, 92.424277, 92.343612 ] }, { "date": "2024-06-07", "close": 98.575142, "volume": 6270195, "typical_volume": 7191627.8, "trend": 91.996789, "fair_value": 80.381808, "relative_strength": -5.058646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.179201, "energy": 77.538991, "activity_lines": [ 96.58174, 94.579319, 92.998538, 92.798542 ] }, { "date": "2024-06-14", "close": 98.940131, "volume": 8360732, "typical_volume": 7334348.2, "trend": 92.440815, "fair_value": 80.521269, "relative_strength": -5.977056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.647232, "energy": 79.60622, "activity_lines": [ 97.513866, 95.688069, 93.603085, 93.246499 ] }, { "date": "2024-06-21", "close": 98.472196, "volume": 4636713, "typical_volume": 7101816.95, "trend": 92.772115, "fair_value": 80.660496, "relative_strength": -6.726345, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.253212, "energy": 78.214122, "activity_lines": [ 98.064157, 96.542773, 94.152258, 93.635621 ] }, { "date": "2024-06-28", "close": 99.632674, "volume": 6703321, "typical_volume": 7131488.05, "trend": 93.142399, "fair_value": 80.809875, "relative_strength": -5.340486, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.693398, "energy": 79.731572, "activity_lines": [ 98.835937, 97.409389, 94.788595, 94.078237 ] }, { "date": "2024-07-05", "close": 101.195576, "volume": 4387715, "typical_volume": 7045970.75, "trend": 93.619808, "fair_value": 80.96523, "relative_strength": -5.519526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.924595, "energy": 84.184464, "activity_lines": [ 99.758705, 98.354276, 95.533339, 94.597797 ] }, { "date": "2024-07-12", "close": 104.536631, "volume": 7821600, "typical_volume": 7063557.75, "trend": 94.175509, "fair_value": 81.147534, "relative_strength": -3.192291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.396496, "energy": 90.801935, "activity_lines": [ 101.4832, 99.72473, 96.544788, 95.302108 ] }, { "date": "2024-07-19", "close": 99.323837, "volume": 9430359, "typical_volume": 7020500.6, "trend": 94.516854, "fair_value": 81.297114, "relative_strength": -5.880799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.436622, "energy": 65.570272, "activity_lines": [ 101.072665, 99.901864, 97.008318, 95.634259 ] }, { "date": "2024-07-26", "close": 103.245131, "volume": 7108290, "typical_volume": 7114976.8, "trend": 94.922153, "fair_value": 81.467469, "relative_strength": -1.160042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.728623, "energy": 71.46539, "activity_lines": [ 101.943648, 100.723388, 97.810759, 96.197373 ] }, { "date": "2024-08-02", "close": 105.631598, "volume": 5941551, "typical_volume": 7093080.7, "trend": 95.246426, "fair_value": 81.658814, "relative_strength": 3.42025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.229492, "energy": 71.995981, "activity_lines": [ 103.291924, 101.846942, 98.797656, 96.888305 ] }, { "date": "2024-08-09", "close": 104.714446, "volume": 6272694, "typical_volume": 7157617.6, "trend": 95.505846, "fair_value": 81.830927, "relative_strength": 2.671626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.414521, "energy": 62.614511, "activity_lines": [ 103.934555, 102.593766, 99.627683, 97.499145 ] }, { "date": "2024-08-16", "close": 107.344239, "volume": 4761693, "typical_volume": 6968563.65, "trend": 95.829471, "fair_value": 82.022558, "relative_strength": 1.385974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.943247, "energy": 81.824191, "activity_lines": [ 105.219191, 103.669675, 100.638377, 98.262912 ] }, { "date": "2024-08-23", "close": 110.956696, "volume": 4437912, "typical_volume": 6775358.2, "trend": 96.305687, "fair_value": 82.244314, "relative_strength": 3.488383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.82722, "energy": 90.876286, "activity_lines": [ 107.520807, 105.242957, 101.913032, 99.238862 ] }, { "date": "2024-08-30", "close": 113.137272, "volume": 4160606, "typical_volume": 6570283.4, "trend": 96.958031, "fair_value": 82.483346, "relative_strength": 5.269176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.080404, "energy": 94.650894, "activity_lines": [ 109.773757, 106.994224, 103.293885, 100.324771 ] }, { "date": "2024-09-06", "close": 109.169185, "volume": 4785649, "typical_volume": 6410692.8, "trend": 97.558994, "fair_value": 82.7287, "relative_strength": 5.959614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.858453, "energy": 85.474541, "activity_lines": [ 110.044535, 107.757383, 104.17485, 101.112588 ] }, { "date": "2024-09-13", "close": 108.242674, "volume": 6892089, "typical_volume": 6118180.25, "trend": 98.154333, "fair_value": 82.978487, "relative_strength": 1.200996, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.902768, "energy": 76.058767, "activity_lines": [ 109.770637, 108.178695, 104.86824, 101.801857 ] }, { "date": "2024-09-20", "close": 108.504718, "volume": 4300106, "typical_volume": 5955418.15, "trend": 98.646845, "fair_value": 83.23288, "relative_strength": 0.266229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.879897, "energy": 59.803621, "activity_lines": [ 109.348872, 108.519521, 105.505389, 102.469624 ] }, { "date": "2024-09-27", "close": 108.195881, "volume": 4889703, "typical_volume": 5863808.95, "trend": 99.184393, "fair_value": 83.490187, "relative_strength": -0.29515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.742567, "energy": 47.939372, "activity_lines": [ 108.746796, 108.732049, 106.029922, 103.085691 ] }, { "date": "2024-10-04", "close": 106.642337, "volume": 4755650, "typical_volume": 5816342.5, "trend": 99.597423, "fair_value": 83.733174, "relative_strength": -1.780262, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.414618, "energy": 34.967206, "activity_lines": [ 107.810926, 108.500804, 106.34629, 103.566848 ] }, { "date": "2024-10-11", "close": 108.766761, "volume": 4915418, "typical_volume": 5810677.5, "trend": 100.188581, "fair_value": 83.987119, "relative_strength": -0.779254, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.216194, "energy": 34.336295, "activity_lines": [ 108.016194, 108.594051, 106.81427, 104.158419 ] }, { "date": "2024-10-18", "close": 109.665196, "volume": 3792207, "typical_volume": 5731210.15, "trend": 100.84213, "fair_value": 84.238365, "relative_strength": -0.635746, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.755742, "energy": 39.73441, "activity_lines": [ 108.547768, 108.793646, 107.297892, 104.769813 ] }, { "date": "2024-10-25", "close": 106.492598, "volume": 4189788, "typical_volume": 5627189.8, "trend": 101.374327, "fair_value": 84.480764, "relative_strength": -2.371506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.042157, "energy": 30.368648, "activity_lines": [ 107.926974, 108.326392, 107.416747, 105.13436 ] }, { "date": "2024-11-01", "close": 102.337337, "volume": 10119512, "typical_volume": 5715128.8, "trend": 101.797341, "fair_value": 84.691793, "relative_strength": -4.711842, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.414201, "energy": 11.052259, "activity_lines": [ 106.055235, 107.11912, 107.102161, 105.196489 ] }, { "date": "2024-11-08", "close": 99.623315, "volume": 5639884, "typical_volume": 5765287.35, "trend": 102.2007, "fair_value": 84.891594, "relative_strength": -11.198713, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.629179, "energy": 27.815102, "activity_lines": [ 103.669391, 105.575105, 106.51292, 105.056229 ] }, { "date": "2024-11-15", "close": 96.450718, "volume": 7090200, "typical_volume": 5784631.3, "trend": 102.472102, "fair_value": 85.075474, "relative_strength": -11.949386, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -46.890234, "energy": 56.455082, "activity_lines": [ 100.69395, 103.699963, 105.616045, 104.685263 ] }, { "date": "2024-11-22", "close": 97.592479, "volume": 6163575, "typical_volume": 5873424.3, "trend": 102.685481, "fair_value": 85.271779, "relative_strength": -12.066967, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.009099, "energy": 71.658194, "activity_lines": [ 98.920166, 102.263659, 104.843061, 104.370448 ] }, { "date": "2024-11-29", "close": 98.986924, "volume": 4164261, "typical_volume": 5690557.35, "trend": 102.950644, "fair_value": 85.480747, "relative_strength": -11.568307, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.644451, "energy": 69.312202, "activity_lines": [ 98.416044, 101.27453, 104.220039, 104.131832 ] }, { "date": "2024-12-06", "close": 95.449337, "volume": 5440453, "typical_volume": 5491062.05, "trend": 102.947212, "fair_value": 85.663474, "relative_strength": -15.165438, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.85079, "energy": 78.841887, "activity_lines": [ 97.233105, 99.815254, 103.286532, 103.647877 ] }, { "date": "2024-12-13", "close": 92.052131, "volume": 5438038, "typical_volume": 5407549.45, "trend": 102.815879, "fair_value": 85.796602, "relative_strength": -17.382941, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.795178, "energy": 82.997857, "activity_lines": [ 95.376963, 97.970059, 102.047931, 102.944968 ] }, { "date": "2024-12-20", "close": 90.882294, "volume": 6348354, "typical_volume": 5427889.6, "trend": 102.709189, "fair_value": 85.918189, "relative_strength": -16.588508, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.030537, "energy": 90.91583, "activity_lines": [ 93.635622, 96.177444, 100.751217, 102.175059 ] }, { "date": "2024-12-27", "close": 92.080207, "volume": 2989881, "typical_volume": 5263748.95, "trend": 102.561322, "fair_value": 86.043146, "relative_strength": -15.69128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.117735, "energy": 87.895056, "activity_lines": [ 92.664813, 94.927803, 99.638824, 101.489319 ] }, { "date": "2025-01-03", "close": 91.378305, "volume": 4042816, "typical_volume": 5227805.1, "trend": 102.321427, "fair_value": 86.153816, "relative_strength": -15.429942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.282614, "energy": 87.286648, "activity_lines": [ 91.827522, 93.87027, 98.519747, 100.767834 ] }, { "date": "2025-01-10", "close": 92.725957, "volume": 5959246, "typical_volume": 5303871.8, "trend": 102.114288, "fair_value": 86.266528, "relative_strength": -12.060306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.174264, "energy": 73.341416, "activity_lines": [ 91.94669, 93.332571, 97.605046, 100.148771 ] }, { "date": "2025-01-17", "close": 91.275359, "volume": 9163943, "typical_volume": 5554038.65, "trend": 101.874394, "fair_value": 86.388666, "relative_strength": -15.444038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.627228, "energy": 64.542257, "activity_lines": [ 91.763883, 92.705878, 96.639006, 99.449485 ] }, { "date": "2025-01-24", "close": 93.558881, "volume": 6983679, "typical_volume": 5663940.15, "trend": 101.671934, "fair_value": 86.5314, "relative_strength": -14.381505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.987221, "energy": 57.000081, "activity_lines": [ 92.394035, 92.646153, 95.994548, 98.913001 ] }, { "date": "2025-01-31", "close": 98.004261, "volume": 13089698, "typical_volume": 5973820.6, "trend": 101.565557, "fair_value": 86.700662, "relative_strength": -9.11634, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.426069, "energy": 37.326954, "activity_lines": [ 94.327542, 93.447257, 95.847795, 98.676377 ] }, { "date": "2025-02-07", "close": 99.4455, "volume": 12221924, "typical_volume": 6369911.5, "trend": 101.395852, "fair_value": 86.88294, "relative_strength": -7.433406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.73167, "energy": 26.085912, "activity_lines": [ 96.346524, 94.502918, 95.887057, 98.539599 ] }, { "date": "2025-02-14", "close": 98.668729, "volume": 9784799, "typical_volume": 6614666.3, "trend": 101.374016, "fair_value": 87.055876, "relative_strength": -9.292593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.07629, "energy": 29.679815, "activity_lines": [ 97.56877, 95.40901, 95.89548, 98.363655 ] }, { "date": "2025-02-21", "close": 102.337337, "volume": 6686731, "typical_volume": 6711220.35, "trend": 101.343756, "fair_value": 87.245732, "relative_strength": -4.220706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 16.782014, "energy": 34.631957, "activity_lines": [ 99.6177, 96.923587, 96.298661, 98.425805 ] }, { "date": "2025-02-28", "close": 102.056576, "volume": 13908261, "typical_volume": 7160862.5, "trend": 101.224588, "fair_value": 87.449163, "relative_strength": -3.452598, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 13.920245, "energy": 35.164432, "activity_lines": [ 100.835578, 98.200113, 96.695604, 98.471793 ] }, { "date": "2025-03-07", "close": 108.158446, "volume": 11101467, "typical_volume": 7526325.5, "trend": 101.339388, "fair_value": 87.685951, "relative_strength": 5.549697, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.491974, "energy": 67.141597, "activity_lines": [ 103.5209, 100.382901, 97.70563, 98.919139 ] }, { "date": "2025-03-14", "close": 105.818239, "volume": 8989779, "typical_volume": 7766325.05, "trend": 101.288522, "fair_value": 87.88324, "relative_strength": 5.583074, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.347189, "energy": 68.969056, "activity_lines": [ 104.749207, 101.847866, 98.499954, 99.208097 ] }, { "date": "2025-03-21", "close": 108.796985, "volume": 20563997, "typical_volume": 8288549.3, "trend": 101.216531, "fair_value": 88.099236, "relative_strength": 7.797213, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.661189, "energy": 73.743863, "activity_lines": [ 106.545581, 103.591876, 99.581179, 99.692514 ] }, { "date": "2025-03-28", "close": 109.223906, "volume": 10041220, "typical_volume": 8508616.1, "trend": 101.086086, "fair_value": 88.313368, "relative_strength": 9.589755, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.795556, "energy": 75.281253, "activity_lines": [ 107.809044, 105.121308, 100.672304, 100.209119 ] }, { "date": "2025-04-04", "close": 102.703655, "volume": 14111996, "typical_volume": 8859705.9, "trend": 100.870568, "fair_value": 88.457769, "relative_strength": 12.981306, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.494965, "energy": 41.995342, "activity_lines": [ 106.439985, 105.138902, 101.096735, 100.313478 ] }, { "date": "2025-04-11", "close": 104.324015, "volume": 18258012, "typical_volume": 9464427.75, "trend": 100.739946, "fair_value": 88.613722, "relative_strength": 8.350254, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.432027, "energy": 31.936689, "activity_lines": [ 105.567908, 105.284839, 101.64571, 100.536281 ] }, { "date": "2025-04-18", "close": 107.564735, "volume": 7625837, "typical_volume": 9637506.55, "trend": 100.708613, "fair_value": 88.808794, "relative_strength": 13.028059, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.494006, "energy": 39.317075, "activity_lines": [ 106.0317, 105.905092, 102.47127, 100.97659 ] }, { "date": "2025-04-25", "close": 108.806688, "volume": 9305312, "typical_volume": 9830749.5, "trend": 100.728974, "fair_value": 89.018367, "relative_strength": 9.117443, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.589147, "energy": 38.036292, "activity_lines": [ 106.793043, 106.603534, 103.374265, 101.499047 ] }, { "date": "2025-05-02", "close": 110.89278, "volume": 11719195, "typical_volume": 10144807.35, "trend": 100.870655, "fair_value": 89.253561, "relative_strength": 7.870511, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.130014, "energy": 48.384214, "activity_lines": [ 108.249103, 107.496937, 104.412329, 102.154776 ] }, { "date": "2025-05-09", "close": 105.46894, "volume": 8196131, "typical_volume": 10237196.2, "trend": 100.760728, "fair_value": 89.453988, "relative_strength": 3.022398, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.770879, "energy": 44.627512, "activity_lines": [ 107.785958, 107.248635, 104.844119, 102.45144 ] }, { "date": "2025-05-16", "close": 106.332485, "volume": 9864698, "typical_volume": 10580937.05, "trend": 100.649637, "fair_value": 89.639996, "relative_strength": -1.304889, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.144712, "energy": 36.862171, "activity_lines": [ 107.426309, 107.095298, 105.288692, 102.810908 ] }, { "date": "2025-05-23", "close": 109.398556, "volume": 6478351, "typical_volume": 10702713.8, "trend": 100.746503, "fair_value": 89.834353, "relative_strength": 4.088035, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.425518, "energy": 38.448565, "activity_lines": [ 107.954786, 107.532628, 105.957403, 103.375354 ] }, { "date": "2025-05-30", "close": 112.319085, "volume": 6404226, "typical_volume": 10724962.8, "trend": 101.079227, "fair_value": 90.0604, "relative_strength": 4.944679, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.526663, "energy": 41.932751, "activity_lines": [ 109.334518, 108.435866, 106.818449, 104.121973 ] }, { "date": "2025-06-06", "close": 114.511907, "volume": 5926426, "typical_volume": 10563086.95, "trend": 101.575514, "fair_value": 90.323006, "relative_strength": 5.205708, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.594161, "energy": 60.920071, "activity_lines": [ 111.21103, 109.673761, 107.795034, 104.988597 ] }, { "date": "2025-06-13", "close": 115.899401, "volume": 5241587, "typical_volume": 10475982.35, "trend": 102.223803, "fair_value": 90.616677, "relative_strength": 6.754341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.34644, "energy": 77.619544, "activity_lines": [ 113.308766, 111.067782, 108.793112, 105.912719 ] }, { "date": "2025-06-20", "close": 112.328787, "volume": 6085910, "typical_volume": 10125792.95, "trend": 102.715014, "fair_value": 90.866564, "relative_strength": 3.567226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.579939, "energy": 71.441613, "activity_lines": [ 113.520932, 111.572678, 109.344748, 106.564653 ] }, { "date": "2025-06-27", "close": 116.442755, "volume": 6304224, "typical_volume": 9829907.95, "trend": 103.296875, "fair_value": 91.145427, "relative_strength": 3.714512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.724965, "energy": 74.299501, "activity_lines": [ 114.704668, 112.680027, 110.219978, 107.450314 ] }, { "date": "2025-07-04", "close": 118.276576, "volume": 5253266, "typical_volume": 9603331.3, "trend": 104.057783, "fair_value": 91.436156, "relative_strength": 3.542586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.511387, "energy": 76.495435, "activity_lines": [ 116.030065, 113.959379, 111.188919, 108.416746 ] }, { "date": "2025-07-11", "close": 117.422733, "volume": 8164760, "typical_volume": 9677232.75, "trend": 104.903469, "fair_value": 91.719749, "relative_strength": 3.086256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.419885, "energy": 70.095436, "activity_lines": [ 116.673681, 114.911308, 111.98317, 109.279001 ] }, { "date": "2025-07-18", "close": 110.853969, "volume": 13001285, "typical_volume": 9631883.95, "trend": 105.569192, "fair_value": 91.954418, "relative_strength": -3.228042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.247682, "energy": 47.314407, "activity_lines": [ 114.933653, 114.550189, 112.07999, 109.662904 ] }, { "date": "2025-07-25", "close": 114.201419, "volume": 11618691, "typical_volume": 9657745.15, "trend": 106.306566, "fair_value": 92.210766, "relative_strength": -1.66354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.882908, "energy": 36.510268, "activity_lines": [ 114.645805, 114.699788, 112.453722, 110.219822 ] }, { "date": "2025-08-01", "close": 111.872758, "volume": 8316055, "typical_volume": 9624058.95, "trend": 106.989714, "fair_value": 92.453628, "relative_strength": -1.069186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.168358, "energy": 23.547102, "activity_lines": [ 113.456894, 114.282922, 112.576901, 110.578931 ] }, { "date": "2025-08-08", "close": 113.366982, "volume": 8765429, "typical_volume": 9034130.55, "trend": 107.677748, "fair_value": 92.705459, "relative_strength": -1.962714, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.507441, "energy": 21.48017, "activity_lines": [ 113.070725, 114.092748, 112.813555, 110.990368 ] }, { "date": "2025-08-15", "close": 120.517912, "volume": 7263045, "typical_volume": 8895221.8, "trend": 108.6525, "fair_value": 93.002686, "relative_strength": 3.303152, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.356012, "energy": 39.904238, "activity_lines": [ 115.395505, 115.183691, 113.709489, 111.818766 ] }, { "date": "2025-08-22", "close": 123.205575, "volume": 5602464, "typical_volume": 8469745.2, "trend": 109.640723, "fair_value": 93.334212, "relative_strength": 5.400528, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.463034, "energy": 61.50611, "activity_lines": [ 118.409827, 116.654099, 114.80761, 112.757674 ] }, { "date": "2025-08-29", "close": 122.788357, "volume": 4181393, "typical_volume": 7765914.25, "trend": 110.46686, "fair_value": 93.67958, "relative_strength": 5.229507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.055187, "energy": 78.479683, "activity_lines": [ 120.461636, 117.91581, 115.768368, 113.605908 ] }, { "date": "2025-09-05", "close": 125.873833, "volume": 5014501, "typical_volume": 7635347.45, "trend": 111.347804, "fair_value": 94.028654, "relative_strength": 7.623887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.423215, "energy": 86.64284, "activity_lines": [ 122.969475, 119.548342, 116.935055, 114.599907 ] }, { "date": "2025-09-12", "close": 120.430587, "volume": 5827591, "typical_volume": 7461461.4, "trend": 112.073199, "fair_value": 94.353643, "relative_strength": 1.504409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.785716, "energy": 76.347628, "activity_lines": [ 122.729493, 120.01972, 117.496151, 115.185893 ] }, { "date": "2025-09-19", "close": 119.27596, "volume": 6083207, "typical_volume": 7179662.0, "trend": 112.63782, "fair_value": 94.696947, "relative_strength": -0.552366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.091749, "energy": 52.928384, "activity_lines": [ 121.633729, 120.242001, 117.891931, 115.650587 ] }, { "date": "2025-09-26", "close": 119.974558, "volume": 4755032, "typical_volume": 7007607.05, "trend": 113.235086, "fair_value": 95.04473, "relative_strength": 0.424769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.877964, "energy": 42.038243, "activity_lines": [ 120.853628, 120.557605, 118.314324, 116.123925 ] }, { "date": "2025-10-03", "close": 128.454765, "volume": 9893368, "typical_volume": 7009040.55, "trend": 113.91163, "fair_value": 95.448869, "relative_strength": 6.295255, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.530033, "energy": 49.980312, "activity_lines": [ 123.115663, 122.249236, 119.475282, 117.105839 ] }, { "date": "2025-10-10", "close": 126.164915, "volume": 9408861, "typical_volume": 7155566.05, "trend": 114.589853, "fair_value": 95.838772, "relative_strength": 6.951582, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.441443, "energy": 50.229136, "activity_lines": [ 124.236654, 123.265379, 120.312814, 117.896374 ] }, { "date": "2025-10-17", "close": 127.523301, "volume": 7503770, "typical_volume": 7210543.25, "trend": 115.214063, "fair_value": 96.228903, "relative_strength": 6.229614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.743324, "energy": 68.409953, "activity_lines": [ 125.791036, 124.268644, 121.199877, 118.73079 ] }, { "date": "2025-10-24", "close": 126.485106, "volume": 6036874, "typical_volume": 7216065.65, "trend": 115.789436, "fair_value": 96.592093, "relative_strength": 3.35719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.601353, "energy": 73.797371, "activity_lines": [ 126.526504, 124.825759, 121.915663, 119.457954 ] }, { "date": "2025-10-31", "close": 120.110396, "volume": 13806820, "typical_volume": 7644327.3, "trend": 116.369661, "fair_value": 96.909099, "relative_strength": -2.489233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.827864, "energy": 42.221857, "activity_lines": [ 124.65646, 124.115341, 121.967319, 119.736726 ] }, { "date": "2025-11-07", "close": 122.594302, "volume": 6964259, "typical_volume": 7688244.75, "trend": 116.978671, "fair_value": 97.22928, "relative_strength": 1.020066, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.062505, "energy": 29.280899, "activity_lines": [ 123.605329, 123.912818, 122.235484, 120.138315 ] }, { "date": "2025-11-14", "close": 127.358354, "volume": 7536262, "typical_volume": 7749846.65, "trend": 117.638458, "fair_value": 97.570688, "relative_strength": 4.541418, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.063507, "energy": 31.650606, "activity_lines": [ 124.532912, 124.580014, 122.908486, 120.807972 ] }, { "date": "2025-11-21", "close": 123.525766, "volume": 10080877, "typical_volume": 7991227.2, "trend": 118.129094, "fair_value": 97.876388, "relative_strength": 3.144205, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.952572, "energy": 19.268066, "activity_lines": [ 124.103403, 124.523386, 123.1645, 121.187799 ] }, { "date": "2025-11-28", "close": 126.523917, "volume": 6556290, "typical_volume": 7910803.7, "trend": 118.650132, "fair_value": 98.18867, "relative_strength": 1.678697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.418742, "energy": 29.07738, "activity_lines": [ 124.939781, 124.955599, 123.681056, 121.7294 ] }, { "date": "2025-12-05", "close": 128.231602, "volume": 8070410, "typical_volume": 7664259.95, "trend": 119.408887, "fair_value": 98.506577, "relative_strength": 2.401789, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.289237, "energy": 40.335181, "activity_lines": [ 126.342799, 125.56652, 124.31691, 122.347559 ] }, { "date": "2025-12-12", "close": 128.629415, "volume": 9728374, "typical_volume": 7569744.1, "trend": 120.152118, "fair_value": 98.82964, "relative_strength": 2.937884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.837173, "energy": 43.210616, "activity_lines": [ 127.337008, 126.099642, 124.9079, 122.942432 ] }, { "date": "2025-12-19", "close": 132.015676, "volume": 8752493, "typical_volume": 7591566.0, "trend": 120.906022, "fair_value": 99.172248, "relative_strength": 5.097784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.957159, "energy": 63.531779, "activity_lines": [ 129.05763, 127.245273, 125.752687, 123.707823 ] }, { "date": "2025-12-26", "close": 135.042935, "volume": 4568461, "typical_volume": 7381717.6, "trend": 121.663484, "fair_value": 99.535093, "relative_strength": 5.564369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.347208, "energy": 74.480481, "activity_lines": [ 131.47685, 128.834937, 126.789865, 124.619882 ] }, { "date": "2026-01-02", "close": 134.421959, "volume": 3284146, "typical_volume": 7182772.65, "trend": 122.327152, "fair_value": 99.885256, "relative_strength": 5.731835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.397217, "energy": 78.422327, "activity_lines": [ 132.921266, 130.174975, 127.664684, 125.443009 ] }, { "date": "2026-01-09", "close": 137.332785, "volume": 9199860, "typical_volume": 7362642.45, "trend": 123.041598, "fair_value": 100.260895, "relative_strength": 5.928078, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.112161, "energy": 81.554123, "activity_lines": [ 134.809422, 131.899949, 128.750514, 126.411115 ] }, { "date": "2026-01-16", "close": 140.049557, "volume": 8141943, "typical_volume": 7560669.95, "trend": 123.965624, "fair_value": 100.648351, "relative_strength": 7.867453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.593564, "energy": 84.554563, "activity_lines": [ 136.996423, 133.805746, 130.027813, 127.508402 ] }, { "date": "2026-01-23", "close": 142.766328, "volume": 6819000, "typical_volume": 7650894.9, "trend": 124.843077, "fair_value": 101.067522, "relative_strength": 9.769041, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.722898, "energy": 85.233386, "activity_lines": [ 139.327672, 135.888133, 131.481655, 128.721351 ] }, { "date": "2026-01-30", "close": 144.260552, "volume": 9837276, "typical_volume": 7851379.15, "trend": 125.709209, "fair_value": 101.516447, "relative_strength": 9.988599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.756772, "energy": 87.856231, "activity_lines": [ 141.440285, 137.962053, 132.997364, 129.974091 ] }, { "date": "2026-02-06", "close": 151.770484, "volume": 16842565, "typical_volume": 8389347.05, "trend": 126.854134, "fair_value": 102.01002, "relative_strength": 15.328731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.951519, "energy": 94.361486, "activity_lines": [ 145.441701, 141.024419, 135.114828, 131.655464 ] }, { "date": "2026-02-13", "close": 158.251924, "volume": 13457545, "typical_volume": 8824472.7, "trend": 128.434066, "fair_value": 102.541981, "relative_strength": 20.983334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.123498, "energy": 97.04898, "activity_lines": [ 150.447028, 144.8062, 137.694837, 133.681128 ] }, { "date": "2026-02-20", "close": 157.834705, "volume": 8784543, "typical_volume": 8769031.45, "trend": 129.888509, "fair_value": 103.079194, "relative_strength": 18.649981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.097139, "energy": 94.726408, "activity_lines": [ 153.918674, 147.966299, 140.052837, 135.577943 ] }, { "date": "2026-02-27", "close": 163.607844, "volume": 16439386, "typical_volume": 9120557.7, "trend": 131.613012, "fair_value": 103.658624, "relative_strength": 22.814308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.071432, "energy": 96.245898, "activity_lines": [ 158.129022, 151.645054, 142.820756, 137.753384 ] }, { "date": "2026-03-06", "close": 155.360503, "volume": 16257924, "typical_volume": 9558265.4, "trend": 133.012796, "fair_value": 104.188029, "relative_strength": 18.502123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.277794, "energy": 86.17539, "activity_lines": [ 158.200823, 153.249889, 144.624914, 139.28548 ] }, { "date": "2026-03-13", "close": 153.44, "volume": 14551194, "typical_volume": 9983981.4, "trend": 134.110199, "fair_value": 104.696333, "relative_strength": 18.336404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.174769, "energy": 66.063105, "activity_lines": [ 156.892459, 154.136132, 146.113608, 140.603365 ] }, { "date": "2026-03-20", "close": 146.03, "volume": 10728914, "typical_volume": 9830086.1, "trend": 134.871013, "fair_value": 105.149042, "relative_strength": 14.349885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.219737, "energy": 51.122299, "activity_lines": [ 153.002793, 153.32932, 146.768232, 141.372384 ] }, { "date": "2026-03-27", "close": 148.18, "volume": 7202901, "typical_volume": 9842018.2, "trend": 135.717401, "fair_value": 105.566899, "relative_strength": 18.280383, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.402344, "energy": 32.458969, "activity_lines": [ 150.64459, 152.755285, 147.504191, 142.231028 ] }, { "date": "2026-04-03", "close": 154.03, "volume": 8339520, "typical_volume": 9882181.1, "trend": 136.65594, "fair_value": 105.997622, "relative_strength": 18.536613, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.444944, "energy": 28.50977, "activity_lines": [ 150.880034, 153.097061, 148.675456, 143.412486 ] }, { "date": "2026-04-10", "close": 154.05, "volume": 7230738, "typical_volume": 9739674.15, "trend": 137.776587, "fair_value": 106.419106, "relative_strength": 14.10679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.940911, "energy": 28.065111, "activity_lines": [ 151.760667, 153.237679, 149.721618, 144.534684 ] }, { "date": "2026-04-17", "close": 151.97, "volume": 5332173, "typical_volume": 9678468.3, "trend": 138.866388, "fair_value": 106.813261, "relative_strength": 7.626695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.454031, "energy": 30.9069, "activity_lines": [ 152.035333, 152.822125, 150.424332, 145.450388 ] }, { "date": "2026-04-24", "close": 145.47, "volume": 7360251, "typical_volume": 9642960.35, "trend": 139.716236, "fair_value": 107.152623, "relative_strength": 2.436445, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.400698, "energy": 23.788802, "activity_lines": [ 150.241333, 151.221125, 150.386826, 145.876427 ] }, { "date": "2026-05-01", "close": 146.57, "volume": 8364271, "typical_volume": 9574755.2, "trend": 140.320078, "fair_value": 107.486603, "relative_strength": 2.195887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.838181, "energy": 13.093287, "activity_lines": [ 148.851333, 150.052525, 150.371994, 146.318606 ] }, { "date": "2026-05-08", "close": 146.03, "volume": 6237577, "typical_volume": 9449009.4, "trend": 140.982247, "fair_value": 107.826259, "relative_strength": -0.609005, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.978213, "energy": 15.024831, "activity_lines": [ 147.388667, 148.990555, 150.220302, 146.686988 ] }, { "date": "2026-05-15", "close": 148.08, "volume": 6643270, "typical_volume": 9552749.85, "trend": 141.66747, "fair_value": 108.192529, "relative_strength": 0.387582, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.694557, "energy": 15.802867, "activity_lines": [ 147.142667, 148.620909, 150.197114, 147.144907 ] }, { "date": "2026-05-22", "close": 152.01, "volume": 5809258, "typical_volume": 9679005.45, "trend": 142.5183, "fair_value": 108.601051, "relative_strength": 2.03189, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.359943, "energy": 12.557386, "activity_lines": [ 148.604667, 149.098182, 150.48613, 147.812167 ] }, { "date": "2026-05-29", "close": 150.17, "volume": 5314913, "typical_volume": 9484758.1, "trend": 143.520287, "fair_value": 108.991706, "relative_strength": -0.702545, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.626222, "energy": 14.688522, "activity_lines": [ 149.450667, 149.266909, 150.516155, 148.305825 ] }, { "date": "2026-06-05", "close": 149.16, "volume": 11123780, "typical_volume": 9633849.95, "trend": 144.40581, "fair_value": 109.364206, "relative_strength": 1.074338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.360684, "energy": 18.429256, "activity_lines": [ 149.646667, 149.176727, 150.38886, 148.669678 ] }, { "date": "2026-06-12", "close": 153.07, "volume": 9754712, "typical_volume": 9780635.55, "trend": 145.262865, "fair_value": 109.756565, "relative_strength": 3.037501, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.685278, "energy": 25.644387, "activity_lines": [ 150.973333, 149.779636, 150.590564, 149.228658 ] }, { "date": "2026-06-19", "close": 147.08, "volume": 6807327, "typical_volume": 9629138.1, "trend": 146.048006, "fair_value": 110.117119, "relative_strength": -1.961244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.613981, "energy": 11.827565, "activity_lines": [ 149.834, 149.310909, 150.172725, 149.345892 ] }, { "date": "2026-06-26", "close": 155.41, "volume": 18303539, "typical_volume": 9702186.8, "trend": 147.010876, "fair_value": 110.529798, "relative_strength": 5.893354, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.469628, "energy": 25.055223, "activity_lines": [ 151.538, 150.483455, 150.534795, 149.949892 ] }, { "date": "2026-07-03", "close": 159.9, "volume": 7576284, "typical_volume": 9408123.75, "trend": 148.066489, "fair_value": 111.006997, "relative_strength": 6.404367, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.102495, "energy": 53.505879, "activity_lines": [ 154.512, 152.409818, 151.307152, 150.781448 ] }, { "date": "2026-07-10", "close": 154.05, "volume": 8219602, "typical_volume": 9379876.7, "trend": 148.913842, "fair_value": 111.422986, "relative_strength": 0.998897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.049624, "energy": 46.526752, "activity_lines": [ 154.887333, 153.010182, 151.514518, 151.167481 ] }, { "date": "2026-07-17", "close": 153.76, "volume": 9136142, "typical_volume": 9014714.5, "trend": 149.638653, "fair_value": 111.80138, "relative_strength": 2.11533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.103779, "energy": 50.786035, "activity_lines": [ 154.84, 153.421818, 151.712288, 151.480137 ] }, { "date": "2026-07-24", "close": 155.01, "volume": 9886602, "typical_volume": 8696148.4, "trend": 150.304221, "fair_value": 112.192585, "relative_strength": 3.273077, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.651998, "energy": 44.155733, "activity_lines": [ 155.163333, 153.920182, 152.076, 151.826675 ] }, { "date": "2026-07-31", "close": 156.15, "volume": 8570614, "typical_volume": 8397119.4, "trend": 151.028489, "fair_value": 112.604861, "relative_strength": 2.641243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.016371, "energy": 29.542039, "activity_lines": [ 155.338, 154.499818, 152.549952, 152.203822 ] }, { "date": "2026-08-07", "close": 156.33, "volume": 6905501, "typical_volume": 8205948.75, "trend": 151.66173, "fair_value": 113.00794, "relative_strength": -0.934638, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.959234, "energy": 29.34952, "activity_lines": [ 155.523333, 155.036909, 153.028143, 152.545855 ] } ], "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." } } }