{ "ticker": { "uuid": "3693297a-f695-47f2-8242-7a264e0929aa", "symbol": "VYM", "name": "VANGUARD WHITEHALL FUNDS VANGUARD HIGH DIVIDEND YIELD ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 85.977, "architecture_energy": 77.31, "architecture_maturity": 35.844, "architecture_confidence": 75.542, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 2.77, "rotation_up": 76.51, "upward_expansion": 93.01, "deceleration": 44.45, "rotation_down": 16.7, "downward_expansion": 15.01 }, "activity_lines": [ 162.937333, 161.456787, 159.284458, 157.03172 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 165.63, "trend_reference": 154.353725, "distance_from_trend": 0.073055, "trend_direction": "Improving", "fair_value": 126.13057, "distance_from_fair_value": 0.313163, "fair_value_direction": "Improving", "relative_strength": -0.042465, "relative_strength_direction": "Improving", "price_momentum": 0.078309, "excess_performance": -0.047316, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073055, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.042302, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.313163, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.035755, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.000425, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.018755, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.078309, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.075767, "read": "Demand-led" } ], "volume": { "latest": 6460107, "relative_activity": 1.046339, "balance": 2.075767, "dry_up": 1.009959, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.01838, "annualized_volatility": 0.090466, "from_high_reference": -0.002587, "from_low_reference": 0.25919 }, "levels": { "trend_reference": 154.353725, "fair_value_reference": 126.13057, "structural_low": 143.824562, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 41, "median_return": 0.006039, "positive_rate": 0.609756, "directional_follow_through": 0.609756, "median_excess_return": 0.001356, "regime_survival": 0.780488, "best_return": 0.068471, "worst_return": -0.102303, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.02089, "positive_rate": 0.642857, "directional_follow_through": 0.642857, "median_excess_return": -0.010192, "regime_survival": 0.5, "best_return": 0.079293, "worst_return": -0.043437, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.065285, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.012796, "regime_survival": 0.75, "best_return": 0.148509, "worst_return": -0.064268, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.099771, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.046565, "regime_survival": 0.5, "best_return": 0.178748, "worst_return": -0.014932, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": 0.037394, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": -0.008042, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-05", "tenure": "New", "return": -0.002608, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-12-27", "tenure": "Established", "return": 0.074122, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": 0.030681, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-21", "tenure": "Developing", "return": -0.023201, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-03-28", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.034094, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.075389, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-20", "tenure": "Developing", "return": 0.026687, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-27", "end": "2025-07-04", "tenure": "New", "return": 0.024826, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2026-03-20", "tenure": "Extended", "return": 0.096203, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.063487, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.064823, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 98.310273, "volume": 5765111, "typical_volume": 7311843.05, "trend": 97.091272, "fair_value": 91.282482, "relative_strength": -5.839669, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.068113, "energy": 55.87837, "activity_lines": [ 99.726927, 99.206166, 97.87298, 97.313138 ] }, { "date": "2023-08-25", "close": 97.85032, "volume": 7562459, "typical_volume": 7458054.95, "trend": 97.023315, "fair_value": 91.456305, "relative_strength": -6.906949, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.523627, "energy": 26.487818, "activity_lines": [ 98.968925, 99.074797, 97.9371, 97.362109 ] }, { "date": "2023-09-01", "close": 99.377363, "volume": 11232575, "typical_volume": 7550805.15, "trend": 97.008374, "fair_value": 91.643945, "relative_strength": -7.666775, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.560217, "energy": 23.973603, "activity_lines": [ 98.916184, 99.21847, 98.140845, 97.513983 ] }, { "date": "2023-09-08", "close": 98.365467, "volume": 3238657, "typical_volume": 7221812.1, "trend": 96.963629, "fair_value": 91.833046, "relative_strength": -7.320833, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.338989, "energy": 21.576142, "activity_lines": [ 98.657384, 99.103064, 98.240135, 97.601537 ] }, { "date": "2023-09-15", "close": 99.138187, "volume": 4609784, "typical_volume": 7018732.35, "trend": 96.953399, "fair_value": 92.025382, "relative_strength": -6.337306, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.820711, "energy": 19.296463, "activity_lines": [ 98.753054, 99.113768, 98.409361, 97.741831 ] }, { "date": "2023-09-22", "close": 96.982728, "volume": 5581437, "typical_volume": 6764212.65, "trend": 96.938662, "fair_value": 92.21517, "relative_strength": -5.487615, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.603109, "energy": 13.010864, "activity_lines": [ 98.211189, 98.684401, 98.365362, 97.743724 ] }, { "date": "2023-09-29", "close": 95.741023, "volume": 5327921, "typical_volume": 6503763.05, "trend": 96.853242, "fair_value": 92.390064, "relative_strength": -5.917138, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.940948, "energy": 14.22414, "activity_lines": [ 97.343926, 98.049393, 98.195432, 97.666457 ] }, { "date": "2023-10-06", "close": 93.878465, "volume": 12611573, "typical_volume": 6805778.6, "trend": 96.862465, "fair_value": 92.536278, "relative_strength": -8.002651, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -36.2719, "energy": 42.144294, "activity_lines": [ 95.996429, 97.16761, 97.840971, 97.474535 ] }, { "date": "2023-10-13", "close": 94.944108, "volume": 5725205, "typical_volume": 6735139.55, "trend": 96.961565, "fair_value": 92.68954, "relative_strength": -7.166962, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.881246, "energy": 51.602817, "activity_lines": [ 95.370741, 96.615353, 97.591374, 97.350771 ] }, { "date": "2023-10-20", "close": 93.785801, "volume": 6178035, "typical_volume": 6566282.4, "trend": 96.995068, "fair_value": 92.836406, "relative_strength": -5.868621, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.704033, "energy": 62.885004, "activity_lines": [ 94.58704, 95.941128, 97.224114, 97.145882 ] }, { "date": "2023-10-27", "close": 91.469187, "volume": 7353789, "typical_volume": 6582329.2, "trend": 96.835793, "fair_value": 92.991826, "relative_strength": -5.631956, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.989119, "energy": 84.37908, "activity_lines": [ 93.387961, 94.965094, 96.641647, 96.789374 ] }, { "date": "2023-11-03", "close": 96.204346, "volume": 6654764, "typical_volume": 6573264.95, "trend": 96.821584, "fair_value": 93.157229, "relative_strength": -5.94479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.514666, "energy": 55.638274, "activity_lines": [ 94.134837, 94.974381, 96.531293, 96.748636 ] }, { "date": "2023-11-10", "close": 95.12017, "volume": 6589587, "typical_volume": 6600926.5, "trend": 96.736264, "fair_value": 93.291087, "relative_strength": -7.97973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.855044, "energy": 40.702492, "activity_lines": [ 94.489434, 94.816473, 96.324841, 96.638867 ] }, { "date": "2023-11-17", "close": 97.547982, "volume": 5861137, "typical_volume": 6482972.6, "trend": 96.734608, "fair_value": 93.440453, "relative_strength": -7.475272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.618143, "energy": 19.360936, "activity_lines": [ 95.57052, 95.177388, 96.350213, 96.691236 ] }, { "date": "2023-11-24", "close": 98.2337, "volume": 4527956, "typical_volume": 6457236.75, "trend": 96.760067, "fair_value": 93.580724, "relative_strength": -7.4492, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 15.350708, "energy": 20.204242, "activity_lines": [ 96.706588, 95.677843, 96.441018, 96.787951 ] }, { "date": "2023-12-01", "close": 99.929461, "volume": 6413491, "typical_volume": 6445253.3, "trend": 96.911994, "fair_value": 93.722494, "relative_strength": -6.355769, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 29.104875, "energy": 31.127741, "activity_lines": [ 98.111382, 96.503063, 96.685014, 96.992428 ] }, { "date": "2023-12-08", "close": 99.707066, "volume": 6109144, "typical_volume": 6369030.2, "trend": 97.094217, "fair_value": 93.865926, "relative_strength": -6.499203, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.22406, "energy": 39.284931, "activity_lines": [ 98.878027, 97.23427, 96.899068, 97.172756 ] }, { "date": "2023-12-15", "close": 103.135655, "volume": 7125992, "typical_volume": 6468298.65, "trend": 97.379169, "fair_value": 94.031011, "relative_strength": -5.258786, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.844157, "energy": 73.611084, "activity_lines": [ 100.55402, 98.516748, 97.444831, 97.562526 ] }, { "date": "2023-12-22", "close": 103.834881, "volume": 8644963, "typical_volume": 6672573.35, "trend": 97.726963, "fair_value": 94.202575, "relative_strength": -5.164792, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.112048, "energy": 84.389518, "activity_lines": [ 101.928723, 99.758045, 98.048664, 97.979023 ] }, { "date": "2023-12-29", "close": 104.471273, "volume": 4194397, "typical_volume": 6565398.85, "trend": 98.045184, "fair_value": 94.372041, "relative_strength": -4.59561, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.636646, "energy": 87.254075, "activity_lines": [ 103.09643, 100.953399, 98.693982, 98.41414 ] }, { "date": "2024-01-05", "close": 104.695882, "volume": 5867939, "typical_volume": 6570540.25, "trend": 98.33805, "fair_value": 94.529173, "relative_strength": -2.564981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.728467, "energy": 89.399753, "activity_lines": [ 103.923168, 101.99531, 99.341078, 98.843217 ] }, { "date": "2024-01-12", "close": 104.340251, "volume": 6176059, "typical_volume": 6501220.25, "trend": 98.559155, "fair_value": 94.68069, "relative_strength": -4.373454, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.946657, "energy": 85.804906, "activity_lines": [ 104.313601, 102.732075, 99.923897, 99.230456 ] }, { "date": "2024-01-19", "close": 104.461914, "volume": 5221368, "typical_volume": 6200659.9, "trend": 98.866319, "fair_value": 94.836158, "relative_strength": -5.112501, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.437655, "energy": 81.75453, "activity_lines": [ 104.43571, 103.343036, 100.487398, 99.611279 ] }, { "date": "2024-01-26", "close": 105.744057, "volume": 6092744, "typical_volume": 6343364.25, "trend": 99.138642, "fair_value": 95.016626, "relative_strength": -4.663777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.971495, "energy": 80.539352, "activity_lines": [ 104.896782, 104.017263, 101.148796, 100.055004 ] }, { "date": "2024-02-02", "close": 105.875079, "volume": 6329529, "typical_volume": 6429351.5, "trend": 99.451516, "fair_value": 95.178583, "relative_strength": -5.633498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.404729, "energy": 79.543162, "activity_lines": [ 105.27425, 104.566293, 101.787536, 100.489613 ] }, { "date": "2024-02-09", "close": 105.641112, "volume": 5366961, "typical_volume": 6418627.7, "trend": 99.703237, "fair_value": 95.332371, "relative_strength": -6.834275, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.031908, "energy": 77.176852, "activity_lines": [ 105.480142, 104.933849, 102.371914, 100.888942 ] }, { "date": "2024-02-16", "close": 106.623776, "volume": 5457216, "typical_volume": 6425092.45, "trend": 99.897562, "fair_value": 95.489289, "relative_strength": -5.372314, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.66932, "energy": 81.666192, "activity_lines": [ 105.950573, 105.376224, 103.008647, 101.335428 ] }, { "date": "2024-02-23", "close": 108.149246, "volume": 4165806, "typical_volume": 6002804.1, "trend": 100.124338, "fair_value": 95.662435, "relative_strength": -5.299256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.773419, "energy": 83.52882, "activity_lines": [ 106.777259, 105.970198, 103.738842, 101.867795 ] }, { "date": "2024-03-01", "close": 108.710768, "volume": 4426734, "typical_volume": 5937880.55, "trend": 100.420733, "fair_value": 95.822945, "relative_strength": -5.452954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.764524, "energy": 83.166326, "activity_lines": [ 107.545297, 106.575111, 104.454558, 102.421758 ] }, { "date": "2024-03-08", "close": 109.805737, "volume": 5244311, "typical_volume": 5891194.35, "trend": 100.735843, "fair_value": 95.974186, "relative_strength": -4.028975, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.418418, "energy": 86.805923, "activity_lines": [ 108.480544, 107.290456, 105.209001, 103.027242 ] }, { "date": "2024-03-15", "close": 110.035494, "volume": 6035441, "typical_volume": 5825276.95, "trend": 101.126683, "fair_value": 96.131162, "relative_strength": -3.578922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.507124, "energy": 91.118552, "activity_lines": [ 109.230333, 107.950586, 105.909041, 103.62722 ] }, { "date": "2024-03-22", "close": 112.068308, "volume": 6295749, "typical_volume": 5807326.2, "trend": 101.600616, "fair_value": 96.289252, "relative_strength": -3.752874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.953405, "energy": 94.14118, "activity_lines": [ 110.364767, 108.883234, 106.714271, 104.333131 ] }, { "date": "2024-03-29", "close": 113.865843, "volume": 4297201, "typical_volume": 5692706.9, "trend": 102.083566, "fair_value": 96.460129, "relative_strength": -2.381746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.224578, "energy": 94.389793, "activity_lines": [ 111.735411, 110.002196, 107.615152, 105.124436 ] }, { "date": "2024-04-05", "close": 112.237709, "volume": 5208083, "typical_volume": 5660054.2, "trend": 102.545974, "fair_value": 96.615563, "relative_strength": -2.722613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.12331, "energy": 80.861159, "activity_lines": [ 112.182238, 110.654154, 108.271708, 105.779542 ] }, { "date": "2024-04-12", "close": 109.263777, "volume": 4917041, "typical_volume": 5679508.45, "trend": 102.883493, "fair_value": 96.746046, "relative_strength": -3.675368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.01545, "energy": 65.741073, "activity_lines": [ 111.402624, 110.64733, 108.575081, 106.212949 ] }, { "date": "2024-04-19", "close": 109.113198, "volume": 6043291, "typical_volume": 5660998.45, "trend": 103.287842, "fair_value": 96.877544, "relative_strength": -0.589102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.781354, "energy": 55.414907, "activity_lines": [ 110.608948, 110.551516, 108.811589, 106.614865 ] }, { "date": "2024-04-26", "close": 110.458997, "volume": 3775232, "typical_volume": 5544302.85, "trend": 103.778441, "fair_value": 97.015193, "relative_strength": -1.782745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.48328, "energy": 39.320445, "activity_lines": [ 110.325358, 110.637264, 109.132536, 107.07752 ] }, { "date": "2024-05-03", "close": 110.233128, "volume": 3927259, "typical_volume": 5384366.2, "trend": 104.323597, "fair_value": 97.130706, "relative_strength": -2.404134, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.873381, "energy": 29.002803, "activity_lines": [ 110.073766, 110.612213, 109.380772, 107.493952 ] }, { "date": "2024-05-10", "close": 112.811791, "volume": 3730306, "typical_volume": 5138633.35, "trend": 104.919186, "fair_value": 97.262803, "relative_strength": -1.818207, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.472643, "energy": 41.551065, "activity_lines": [ 110.923909, 111.018121, 109.840798, 108.041577 ] }, { "date": "2024-05-17", "close": 114.355224, "volume": 3707420, "typical_volume": 5114284.5, "trend": 105.604834, "fair_value": 97.408921, "relative_strength": -1.98019, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 78.074325, "energy": 58.305149, "activity_lines": [ 112.250257, 111.630089, 110.40507, 108.650354 ] }, { "date": "2024-05-24", "close": 112.350643, "volume": 2857720, "typical_volume": 4963773.55, "trend": 106.300882, "fair_value": 97.541419, "relative_strength": -3.583799, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.247424, "energy": 51.956672, "activity_lines": [ 112.568982, 111.79487, 110.731363, 109.085567 ] }, { "date": "2024-05-31", "close": 112.934136, "volume": 2674861, "typical_volume": 4788713.65, "trend": 106.858542, "fair_value": 97.671385, "relative_strength": -2.609781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.170964, "energy": 52.747813, "activity_lines": [ 112.866376, 112.023648, 111.076776, 109.513519 ] }, { "date": "2024-06-07", "close": 111.917729, "volume": 3342855, "typical_volume": 4694788.0, "trend": 107.418461, "fair_value": 97.798247, "relative_strength": -4.546381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.021004, "energy": 46.443395, "activity_lines": [ 112.659957, 112.051881, 111.284465, 109.839918 ] }, { "date": "2024-06-14", "close": 111.44717, "volume": 3512103, "typical_volume": 4565755.95, "trend": 107.881767, "fair_value": 97.947732, "relative_strength": -6.324283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.543059, "energy": 34.163369, "activity_lines": [ 112.184379, 112.029979, 111.411834, 110.099835 ] }, { "date": "2024-06-21", "close": 112.843507, "volume": 3267874, "typical_volume": 4412673.2, "trend": 108.36876, "fair_value": 98.089382, "relative_strength": -5.626695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.479889, "energy": 31.297355, "activity_lines": [ 112.265221, 112.276329, 111.645031, 110.419947 ] }, { "date": "2024-06-28", "close": 112.577725, "volume": 5246221, "typical_volume": 4406636.2, "trend": 108.790369, "fair_value": 98.225782, "relative_strength": -5.663696, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.068714, "energy": 27.07233, "activity_lines": [ 112.35825, 112.40927, 111.819732, 110.691494 ] }, { "date": "2024-07-05", "close": 112.549248, "volume": 2830599, "typical_volume": 4275305.35, "trend": 109.218442, "fair_value": 98.363938, "relative_strength": -7.295261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.356978, "energy": 27.443148, "activity_lines": [ 112.426649, 112.474041, 111.958689, 110.934002 ] }, { "date": "2024-07-12", "close": 115.311484, "volume": 3822670, "typical_volume": 4258148.55, "trend": 109.624303, "fair_value": 98.52623, "relative_strength": -5.799363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.445535, "energy": 51.142374, "activity_lines": [ 113.441451, 113.003033, 112.3325, 111.327101 ] }, { "date": "2024-07-19", "close": 116.213245, "volume": 4190565, "typical_volume": 4246340.1, "trend": 110.036915, "fair_value": 98.690257, "relative_strength": -3.037992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.351681, "energy": 68.940363, "activity_lines": [ 114.530591, 113.603647, 112.758087, 111.752194 ] }, { "date": "2024-07-26", "close": 117.247897, "volume": 4221740, "typical_volume": 4195211.55, "trend": 110.462802, "fair_value": 98.857979, "relative_strength": -1.273991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.686781, "energy": 79.689341, "activity_lines": [ 115.646876, 114.330535, 113.246487, 112.217419 ] }, { "date": "2024-08-02", "close": 114.485661, "volume": 4885560, "typical_volume": 4137717.5, "trend": 110.789128, "fair_value": 99.001732, "relative_strength": -1.410535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.637736, "energy": 67.74544, "activity_lines": [ 115.54879, 114.502605, 113.436377, 112.476958 ] }, { "date": "2024-08-09", "close": 114.238863, "volume": 5413498, "typical_volume": 4093604.95, "trend": 111.119082, "fair_value": 99.13437, "relative_strength": -1.517884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.602198, "energy": 46.624735, "activity_lines": [ 115.241242, 114.590984, 113.581571, 112.699522 ] }, { "date": "2024-08-16", "close": 117.437741, "volume": 2991602, "typical_volume": 4028325.0, "trend": 111.55161, "fair_value": 99.295383, "relative_strength": -2.511749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.052379, "energy": 47.557578, "activity_lines": [ 115.887345, 115.237254, 114.021085, 113.107177 ] }, { "date": "2024-08-23", "close": 119.383646, "volume": 3253622, "typical_volume": 3930601.95, "trend": 112.006263, "fair_value": 99.462442, "relative_strength": -2.161194, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.137312, "energy": 53.205456, "activity_lines": [ 117.040333, 116.136962, 114.628914, 113.61247 ] }, { "date": "2024-08-30", "close": 120.892909, "volume": 3665695, "typical_volume": 3868034.65, "trend": 112.506857, "fair_value": 99.64117, "relative_strength": -1.118923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.964561, "energy": 76.285545, "activity_lines": [ 118.485049, 117.166781, 115.346454, 114.185802 ] }, { "date": "2024-09-06", "close": 116.830239, "volume": 3553182, "typical_volume": 3743529.2, "trend": 112.879828, "fair_value": 99.80566, "relative_strength": -0.249961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.152341, "energy": 65.818652, "activity_lines": [ 118.332541, 117.311581, 115.621696, 114.46473 ] }, { "date": "2024-09-13", "close": 119.620951, "volume": 3469116, "typical_volume": 3728223.4, "trend": 113.313067, "fair_value": 99.99131, "relative_strength": -1.687426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.530628, "energy": 66.689253, "activity_lines": [ 118.953965, 117.886464, 116.125972, 114.899641 ] }, { "date": "2024-09-20", "close": 121.359072, "volume": 3825515, "typical_volume": 3723136.2, "trend": 113.753395, "fair_value": 100.183967, "relative_strength": -1.527127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.523962, "energy": 64.92244, "activity_lines": [ 119.795956, 118.648793, 116.752155, 115.418738 ] }, { "date": "2024-09-27", "close": 122.085315, "volume": 4211845, "typical_volume": 3747213.15, "trend": 114.199213, "fair_value": 100.382564, "relative_strength": -1.379105, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.88626, "energy": 57.253101, "activity_lines": [ 120.618607, 119.43321, 117.394524, 115.956281 ] }, { "date": "2024-10-04", "close": 122.964452, "volume": 3701909, "typical_volume": 3746937.6, "trend": 114.637837, "fair_value": 100.57926, "relative_strength": -0.869858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.00626, "energy": 73.759942, "activity_lines": [ 121.554192, 120.270705, 118.07646, 116.521781 ] }, { "date": "2024-10-11", "close": 124.330936, "volume": 3085650, "typical_volume": 3758334.1, "trend": 115.114351, "fair_value": 100.777681, "relative_strength": -0.834784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.092933, "energy": 82.826532, "activity_lines": [ 122.807169, 121.252714, 118.847542, 117.147142 ] }, { "date": "2024-10-18", "close": 125.592306, "volume": 3245510, "typical_volume": 3786866.55, "trend": 115.565151, "fair_value": 100.976093, "relative_strength": -0.591324, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.19368, "energy": 88.426812, "activity_lines": [ 123.980555, 122.285058, 119.681705, 117.823139 ] }, { "date": "2024-10-25", "close": 122.725556, "volume": 4024564, "typical_volume": 3820952.0, "trend": 115.860475, "fair_value": 101.157412, "relative_strength": -1.808771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.965425, "energy": 73.915443, "activity_lines": [ 123.800269, 122.589749, 120.182567, 118.2851 ] }, { "date": "2024-11-01", "close": 121.865531, "volume": 3748138, "typical_volume": 3832753.75, "trend": 116.181403, "fair_value": 101.322611, "relative_strength": -1.034713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.523256, "energy": 59.479329, "activity_lines": [ 123.242208, 122.64193, 120.550056, 118.672523 ] }, { "date": "2024-11-08", "close": 126.61478, "volume": 4958709, "typical_volume": 3917295.5, "trend": 116.759769, "fair_value": 101.51725, "relative_strength": -1.78209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.669559, "energy": 61.891299, "activity_lines": [ 124.281883, 123.512485, 121.320243, 119.345644 ] }, { "date": "2024-11-15", "close": 124.89473, "volume": 4139049, "typical_volume": 3861936.9, "trend": 117.28582, "fair_value": 101.710129, "relative_strength": -1.004845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.10312, "energy": 53.231218, "activity_lines": [ 124.504852, 123.96627, 121.861038, 119.870481 ] }, { "date": "2024-11-22", "close": 127.685033, "volume": 5218189, "typical_volume": 3981316.4, "trend": 117.860022, "fair_value": 101.924468, "relative_strength": -0.413925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.029963, "energy": 61.783438, "activity_lines": [ 125.620336, 124.780755, 122.608925, 120.541398 ] }, { "date": "2024-11-29", "close": 128.755286, "volume": 2675101, "typical_volume": 3923937.95, "trend": 118.477427, "fair_value": 102.150357, "relative_strength": -0.690999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.622255, "energy": 79.703028, "activity_lines": [ 126.953056, 125.643212, 123.386664, 121.244318 ] }, { "date": "2024-12-06", "close": 126.901455, "volume": 4575607, "typical_volume": 3943190.05, "trend": 118.947082, "fair_value": 102.34929, "relative_strength": -2.874041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.757078, "energy": 74.00987, "activity_lines": [ 127.265851, 126.034133, 123.923831, 121.787804 ] }, { "date": "2024-12-13", "close": 126.012762, "volume": 6200671, "typical_volume": 4042136.6, "trend": 119.335667, "fair_value": 102.543363, "relative_strength": -2.864242, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.237856, "energy": 66.727515, "activity_lines": [ 126.946686, 126.175906, 124.325464, 122.243654 ] }, { "date": "2024-12-20", "close": 122.395115, "volume": 8767316, "typical_volume": 4236224.4, "trend": 119.670483, "fair_value": 102.705933, "relative_strength": -3.759315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.173409, "energy": 36.810949, "activity_lines": [ 125.461773, 125.604502, 124.340821, 122.441038 ] }, { "date": "2024-12-27", "close": 123.858619, "volume": 6865670, "typical_volume": 4308833.0, "trend": 120.034632, "fair_value": 102.868594, "relative_strength": -3.115199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.035744, "energy": 20.923944, "activity_lines": [ 124.631336, 125.334387, 124.457896, 122.71124 ] }, { "date": "2025-01-03", "close": 123.646796, "volume": 6109475, "typical_volume": 4464726.65, "trend": 120.425601, "fair_value": 103.016156, "relative_strength": -2.62635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.673066, "energy": 22.832437, "activity_lines": [ 123.985385, 125.057279, 124.508989, 122.944283 ] }, { "date": "2025-01-10", "close": 121.422656, "volume": 5681575, "typical_volume": 4586124.3, "trend": 120.758117, "fair_value": 103.148898, "relative_strength": -2.380539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.762239, "energy": 18.52172, "activity_lines": [ 122.938621, 124.359033, 124.318692, 123.008609 ] }, { "date": "2025-01-17", "close": 126.795254, "volume": 6512123, "typical_volume": 4728445.7, "trend": 121.223175, "fair_value": 103.34311, "relative_strength": -0.913102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.881223, "energy": 20.290905, "activity_lines": [ 124.047976, 124.645675, 124.630361, 123.398102 ] }, { "date": "2025-01-24", "close": 128.114333, "volume": 6545201, "typical_volume": 4878046.65, "trend": 121.741062, "fair_value": 103.540821, "relative_strength": -1.513594, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.074601, "energy": 31.91189, "activity_lines": [ 125.544857, 125.168868, 125.039551, 123.842692 ] }, { "date": "2025-01-31", "close": 127.440351, "volume": 5829243, "typical_volume": 4996053.0, "trend": 122.237432, "fair_value": 103.726048, "relative_strength": -0.984678, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.887712, "energy": 37.55759, "activity_lines": [ 126.435797, 125.510981, 125.330818, 124.210388 ] }, { "date": "2025-02-07", "close": 127.401838, "volume": 10265887, "typical_volume": 5318071.6, "trend": 122.640444, "fair_value": 103.915475, "relative_strength": -0.828993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.408945, "energy": 58.049881, "activity_lines": [ 127.075117, 125.85054, 125.581182, 124.543576 ] }, { "date": "2025-02-14", "close": 128.797943, "volume": 6901530, "typical_volume": 5452555.85, "trend": 123.059934, "fair_value": 104.120441, "relative_strength": -1.166731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.826909, "energy": 67.048502, "activity_lines": [ 127.929469, 126.468545, 125.935733, 124.940834 ] }, { "date": "2025-02-21", "close": 128.364669, "volume": 7848004, "typical_volume": 5659860.6, "trend": 123.430493, "fair_value": 104.321221, "relative_strength": 0.118746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.986113, "energy": 62.251218, "activity_lines": [ 128.147711, 126.97329, 126.217055, 125.283075 ] }, { "date": "2025-02-28", "close": 129.067536, "volume": 5017888, "typical_volume": 5756472.5, "trend": 123.916556, "fair_value": 104.525438, "relative_strength": 1.619694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.856767, "energy": 57.846472, "activity_lines": [ 128.495614, 127.563068, 126.539602, 125.646755 ] }, { "date": "2025-03-07", "close": 126.352352, "volume": 6627610, "typical_volume": 5925577.5, "trend": 124.320339, "fair_value": 104.725088, "relative_strength": 2.617061, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.538605, "energy": 35.938894, "activity_lines": [ 127.874909, 127.53786, 126.581004, 125.803903 ] }, { "date": "2025-03-14", "close": 123.511999, "volume": 7303096, "typical_volume": 6089504.1, "trend": 124.522814, "fair_value": 104.885076, "relative_strength": 2.632629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.608376, "energy": 10.383407, "activity_lines": [ 126.379953, 126.950883, 126.348277, 125.751752 ] }, { "date": "2025-03-21", "close": 124.445946, "volume": 5800290, "typical_volume": 6192111.7, "trend": 124.691557, "fair_value": 105.039097, "relative_strength": 2.858005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.622296, "energy": 15.689726, "activity_lines": [ 125.455635, 126.536165, 126.200753, 125.746793 ] }, { "date": "2025-03-28", "close": 123.622121, "volume": 5452793, "typical_volume": 6216815.9, "trend": 124.782531, "fair_value": 105.192992, "relative_strength": 3.688165, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.365631, "energy": 24.003712, "activity_lines": [ 124.546842, 125.916692, 125.962481, 125.677797 ] }, { "date": "2025-04-04", "close": 113.426083, "volume": 8587371, "typical_volume": 6439232.0, "trend": 124.669059, "fair_value": 105.277733, "relative_strength": 4.572891, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -60.1676, "energy": 66.81511, "activity_lines": [ 120.555539, 123.501087, 124.767409, 124.945123 ] }, { "date": "2025-04-11", "close": 117.293212, "volume": 14605107, "typical_volume": 6908577.9, "trend": 124.591468, "fair_value": 105.393154, "relative_strength": 2.305537, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.129211, "energy": 75.710805, "activity_lines": [ 118.896043, 122.055656, 123.995248, 124.469262 ] }, { "date": "2025-04-18", "close": 117.118755, "volume": 10299400, "typical_volume": 7289792.85, "trend": 124.450124, "fair_value": 105.516973, "relative_strength": 3.620844, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.335288, "energy": 78.854162, "activity_lines": [ 117.782337, 120.762999, 123.255956, 123.987151 ] }, { "date": "2025-04-25", "close": 119.502999, "volume": 6203900, "typical_volume": 7371207.5, "trend": 124.364047, "fair_value": 105.673919, "relative_strength": 1.105535, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.242606, "energy": 73.055081, "activity_lines": [ 117.889596, 120.090806, 122.799148, 123.667982 ] }, { "date": "2025-05-02", "close": 122.022933, "volume": 5132224, "typical_volume": 7317785.15, "trend": 124.332663, "fair_value": 105.835746, "relative_strength": 0.32849, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.590321, "energy": 40.603099, "activity_lines": [ 119.166362, 120.045781, 122.617563, 123.516942 ] }, { "date": "2025-05-09", "close": 121.86786, "volume": 5586435, "typical_volume": 7158741.1, "trend": 124.25056, "fair_value": 106.004792, "relative_strength": 0.661318, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.981108, "energy": 25.72269, "activity_lines": [ 120.49805, 120.087866, 122.440209, 123.357923 ] }, { "date": "2025-05-16", "close": 125.948214, "volume": 4933788, "typical_volume": 7062147.0, "trend": 124.262424, "fair_value": 106.212796, "relative_strength": -1.136227, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.099096, "energy": 16.959292, "activity_lines": [ 122.627071, 121.002737, 122.653971, 123.467449 ] }, { "date": "2025-05-23", "close": 123.176287, "volume": 4253326, "typical_volume": 6969339.55, "trend": 124.277448, "fair_value": 106.367176, "relative_strength": -0.773059, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.036242, "energy": 21.254565, "activity_lines": [ 123.255116, 121.420968, 122.59379, 123.397376 ] }, { "date": "2025-05-30", "close": 125.046853, "volume": 3224529, "typical_volume": 6846487.25, "trend": 124.383492, "fair_value": 106.541533, "relative_strength": -0.981404, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.692768, "energy": 18.665713, "activity_lines": [ 124.102847, 122.185407, 122.713998, 123.447015 ] }, { "date": "2025-06-06", "close": 126.423124, "volume": 4194694, "typical_volume": 6730615.8, "trend": 124.377104, "fair_value": 106.750202, "relative_strength": -1.509803, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.878004, "energy": 22.952255, "activity_lines": [ 125.039745, 123.189151, 122.948022, 123.578604 ] }, { "date": "2025-06-13", "close": 126.520045, "volume": 3773671, "typical_volume": 6592039.3, "trend": 124.431281, "fair_value": 106.999314, "relative_strength": -1.116424, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.44742, "energy": 24.902306, "activity_lines": [ 125.715605, 124.15959, 123.193048, 123.716858 ] }, { "date": "2025-06-20", "close": 126.46354, "volume": 3661694, "typical_volume": 6483661.85, "trend": 124.390565, "fair_value": 107.219859, "relative_strength": -1.028035, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.282403, "energy": 32.216364, "activity_lines": [ 126.062483, 124.881683, 123.440284, 123.847972 ] }, { "date": "2025-06-27", "close": 129.292921, "volume": 5863373, "typical_volume": 6263536.15, "trend": 124.408486, "fair_value": 107.461854, "relative_strength": -2.215768, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.933782, "energy": 43.922481, "activity_lines": [ 127.318133, 125.951475, 123.961637, 124.164253 ] }, { "date": "2025-07-04", "close": 132.502804, "volume": 4105130, "typical_volume": 6123716.15, "trend": 124.595197, "fair_value": 107.725682, "relative_strength": -1.516326, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.980696, "energy": 75.242078, "activity_lines": [ 129.235969, 127.383535, 124.779688, 124.686467 ] }, { "date": "2025-07-11", "close": 131.614964, "volume": 5731309, "typical_volume": 6017881.4, "trend": 124.781937, "fair_value": 107.987018, "relative_strength": -1.928981, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.190843, "energy": 81.495188, "activity_lines": [ 130.360795, 128.417809, 125.495541, 125.139355 ] }, { "date": "2025-07-18", "close": 131.410077, "volume": 5401769, "typical_volume": 6037075.45, "trend": 125.082436, "fair_value": 108.239386, "relative_strength": -2.656679, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.296938, "energy": 81.671735, "activity_lines": [ 131.071202, 129.24043, 126.176403, 125.566977 ] }, { "date": "2025-07-25", "close": 133.273566, "volume": 4722418, "typical_volume": 5941815.85, "trend": 125.396268, "fair_value": 108.486049, "relative_strength": -2.67454, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.447601, "energy": 88.855112, "activity_lines": [ 132.076771, 130.228372, 127.023585, 126.095437 ] }, { "date": "2025-08-01", "close": 129.663667, "volume": 5128129, "typical_volume": 5833067.5, "trend": 125.59683, "fair_value": 108.714027, "relative_strength": -2.890584, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.236453, "energy": 75.156334, "activity_lines": [ 131.425037, 130.426781, 127.494009, 126.370753 ] }, { "date": "2025-08-08", "close": 132.044249, "volume": 4058940, "typical_volume": 5746000.0, "trend": 125.950883, "fair_value": 108.935274, "relative_strength": -3.422668, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.442274, "energy": 58.399714, "activity_lines": [ 131.542115, 130.940071, 128.161861, 126.786715 ] }, { "date": "2025-08-15", "close": 133.654069, "volume": 4506766, "typical_volume": 5698698.65, "trend": 126.17951, "fair_value": 109.166554, "relative_strength": -3.137463, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.411327, "energy": 62.456128, "activity_lines": [ 132.22637, 131.618829, 128.946847, 127.283695 ] }, { "date": "2025-08-22", "close": 135.771226, "volume": 4747976, "typical_volume": 5506728.9, "trend": 126.43474, "fair_value": 109.430027, "relative_strength": -1.847587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.399646, "energy": 66.627095, "activity_lines": [ 133.480404, 132.551054, 129.885696, 127.902515 ] }, { "date": "2025-08-29", "close": 135.790739, "volume": 6157905, "typical_volume": 5084368.8, "trend": 126.713086, "fair_value": 109.709563, "relative_strength": -1.735523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.706324, "energy": 85.679923, "activity_lines": [ 134.450198, 133.318623, 130.719998, 128.506128 ] }, { "date": "2025-09-05", "close": 136.151728, "volume": 6609397, "typical_volume": 4899868.65, "trend": 127.004749, "fair_value": 109.97399, "relative_strength": -1.73236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.21554, "energy": 86.735064, "activity_lines": [ 135.372511, 133.982241, 131.500597, 129.115073 ] }, { "date": "2025-09-12", "close": 137.937165, "volume": 6322841, "typical_volume": 4905815.7, "trend": 127.30939, "fair_value": 110.27014, "relative_strength": -1.933881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.974154, "energy": 88.65092, "activity_lines": [ 136.457432, 134.845779, 132.360604, 129.82039 ] }, { "date": "2025-09-19", "close": 137.860772, "volume": 5501133, "typical_volume": 4924261.15, "trend": 127.625927, "fair_value": 110.591281, "relative_strength": -3.110908, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.796488, "energy": 80.538312, "activity_lines": [ 137.124027, 135.59662, 133.125553, 130.501124 ] }, { "date": "2025-09-26", "close": 138.17485, "volume": 6151467, "typical_volume": 4952512.75, "trend": 127.929504, "fair_value": 110.931009, "relative_strength": -2.549277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.631482, "energy": 76.266522, "activity_lines": [ 137.614869, 136.291006, 133.844997, 131.1817 ] }, { "date": "2025-10-03", "close": 138.930601, "volume": 5690046, "typical_volume": 4990325.65, "trend": 128.348779, "fair_value": 111.263612, "relative_strength": -3.014718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.476609, "energy": 74.724327, "activity_lines": [ 138.197385, 136.999806, 134.558764, 131.891448 ] }, { "date": "2025-10-10", "close": 134.926102, "volume": 7239696, "typical_volume": 5139644.15, "trend": 128.729249, "fair_value": 111.567725, "relative_strength": -3.383874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.234406, "energy": 56.427772, "activity_lines": [ 137.235745, 136.87766, 134.82933, 132.315792 ] }, { "date": "2025-10-17", "close": 137.517249, "volume": 10540886, "typical_volume": 5505462.0, "trend": 129.164959, "fair_value": 111.865775, "relative_strength": -3.122531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.658877, "energy": 50.762201, "activity_lines": [ 137.219529, 137.13095, 135.29072, 132.882759 ] }, { "date": "2025-10-24", "close": 138.999306, "volume": 7784452, "typical_volume": 5684949.9, "trend": 129.677532, "fair_value": 112.142134, "relative_strength": -3.857609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.992606, "energy": 52.021354, "activity_lines": [ 137.725326, 137.554197, 135.833875, 133.517233 ] }, { "date": "2025-10-31", "close": 137.978551, "volume": 11169218, "typical_volume": 6054727.25, "trend": 130.495948, "fair_value": 112.412986, "relative_strength": -5.119602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.328227, "energy": 44.787785, "activity_lines": [ 137.814969, 137.694666, 136.21993, 134.052783 ] }, { "date": "2025-11-07", "close": 137.674288, "volume": 8304551, "typical_volume": 6286870.1, "trend": 131.175317, "fair_value": 112.660882, "relative_strength": -3.685549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.258023, "energy": 45.686834, "activity_lines": [ 137.816277, 137.73968, 136.522442, 134.515902 ] }, { "date": "2025-11-14", "close": 138.400594, "volume": 7784569, "typical_volume": 6382929.9, "trend": 131.884711, "fair_value": 112.912802, "relative_strength": -3.229912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.06562, "energy": 45.562836, "activity_lines": [ 138.143442, 137.882505, 136.840742, 134.982049 ] }, { "date": "2025-11-21", "close": 137.507434, "volume": 10939615, "typical_volume": 6724654.15, "trend": 132.484859, "fair_value": 113.146911, "relative_strength": -1.898358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.310588, "energy": 37.363565, "activity_lines": [ 137.941255, 137.822047, 137.030609, 135.344805 ] }, { "date": "2025-11-28", "close": 142.748616, "volume": 4289386, "typical_volume": 6652558.0, "trend": 133.175715, "fair_value": 113.411682, "relative_strength": -1.723703, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.911759, "energy": 52.228174, "activity_lines": [ 139.486782, 138.722346, 137.695805, 136.006983 ] }, { "date": "2025-12-05", "close": 142.522872, "volume": 6526769, "typical_volume": 6708808.0, "trend": 133.864216, "fair_value": 113.695148, "relative_strength": -2.177624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.312336, "energy": 62.178313, "activity_lines": [ 140.707107, 139.49273, 138.286484, 136.610025 ] }, { "date": "2025-12-12", "close": 143.308068, "volume": 8891898, "typical_volume": 6917282.0, "trend": 134.442878, "fair_value": 113.992337, "relative_strength": -1.063811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.334446, "energy": 73.906179, "activity_lines": [ 141.886209, 140.326822, 138.899025, 137.219306 ] }, { "date": "2025-12-19", "close": 141.60753, "volume": 8199170, "typical_volume": 7070834.05, "trend": 135.057252, "fair_value": 114.271204, "relative_strength": -2.343369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.128879, "energy": 71.263309, "activity_lines": [ 142.12288, 140.772135, 139.301828, 137.681542 ] }, { "date": "2025-12-26", "close": 143.346379, "volume": 5978023, "typical_volume": 7166788.2, "trend": 135.667237, "fair_value": 114.561682, "relative_strength": -2.510251, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.517453, "energy": 67.452666, "activity_lines": [ 142.725372, 141.412122, 139.813359, 138.216324 ] }, { "date": "2026-01-02", "close": 143.020345, "volume": 6085961, "typical_volume": 7245747.95, "trend": 136.220477, "fair_value": 114.835203, "relative_strength": -1.697855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.403327, "energy": 52.075101, "activity_lines": [ 142.829923, 141.886846, 140.24002, 138.690718 ] }, { "date": "2026-01-09", "close": 145.490301, "volume": 8697193, "typical_volume": 7443208.8, "trend": 136.852819, "fair_value": 115.120666, "relative_strength": -1.552821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.162278, "energy": 58.139624, "activity_lines": [ 143.739677, 142.737543, 140.857313, 139.288771 ] }, { "date": "2026-01-16", "close": 147.080953, "volume": 8359025, "typical_volume": 7553264.8, "trend": 137.540066, "fair_value": 115.431193, "relative_strength": -0.111526, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.07149, "energy": 78.724463, "activity_lines": [ 144.981819, 143.740872, 141.579816, 139.948651 ] }, { "date": "2026-01-23", "close": 145.915134, "volume": 7648995, "typical_volume": 7605244.7, "trend": 138.09414, "fair_value": 115.726232, "relative_strength": -0.540558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.34188, "energy": 72.842602, "activity_lines": [ 145.58383, 144.361204, 142.137525, 140.488978 ] }, { "date": "2026-01-30", "close": 148.157854, "volume": 7347660, "typical_volume": 7656485.65, "trend": 138.615975, "fair_value": 116.036054, "relative_strength": 0.589411, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.997575, "energy": 84.084571, "activity_lines": [ 146.646241, 145.252675, 142.862335, 141.13825 ] }, { "date": "2026-02-06", "close": 153.601638, "volume": 9811917, "typical_volume": 7872024.85, "trend": 139.348864, "fair_value": 116.381527, "relative_strength": 4.41505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.870061, "energy": 93.570059, "activity_lines": [ 149.202481, 146.940281, 144.05693, 142.105067 ] }, { "date": "2026-02-13", "close": 153.502839, "volume": 8195218, "typical_volume": 7974212.4, "trend": 140.085289, "fair_value": 116.728051, "relative_strength": 5.596471, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.902109, "energy": 91.680663, "activity_lines": [ 151.020369, 148.412596, 145.167159, 143.018226 ] }, { "date": "2026-02-20", "close": 153.690556, "volume": 5939573, "typical_volume": 7986688.75, "trend": 140.765856, "fair_value": 117.088729, "relative_strength": 4.487017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.57188, "energy": 91.314858, "activity_lines": [ 152.366659, 149.719405, 146.222275, 143.895985 ] }, { "date": "2026-02-27", "close": 153.186685, "volume": 6947948, "typical_volume": 7972101.35, "trend": 141.549956, "fair_value": 117.440543, "relative_strength": 4.633277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.248761, "energy": 88.363002, "activity_lines": [ 153.104353, 150.745829, 147.159119, 144.697329 ] }, { "date": "2026-03-06", "close": 148.928481, "volume": 10991304, "typical_volume": 7994622.25, "trend": 142.112764, "fair_value": 117.795202, "relative_strength": 3.788163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.593026, "energy": 64.269021, "activity_lines": [ 151.937875, 150.787504, 147.603463, 145.173363 ] }, { "date": "2026-03-13", "close": 146.646241, "volume": 8776901, "typical_volume": 8044244.7, "trend": 142.545837, "fair_value": 118.145684, "relative_strength": 3.760288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.062989, "energy": 44.403411, "activity_lines": [ 149.959276, 150.312734, 147.776113, 145.465845 ] }, { "date": "2026-03-20", "close": 144.276763, "volume": 10734836, "typical_volume": 8022525.6, "trend": 142.829354, "fair_value": 118.475786, "relative_strength": 3.962084, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.982612, "energy": 24.076459, "activity_lines": [ 147.654543, 149.341224, 147.686684, 145.577518 ] }, { "date": "2026-03-27", "close": 144.803501, "volume": 10860941, "typical_volume": 8150345.1, "trend": 143.12978, "fair_value": 118.787043, "relative_strength": 6.692399, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.851779, "energy": 28.168224, "activity_lines": [ 146.140462, 148.487549, 147.617429, 145.704882 ] }, { "date": "2026-04-03", "close": 147.198673, "volume": 7319616, "typical_volume": 8127097.45, "trend": 143.498011, "fair_value": 119.111197, "relative_strength": 4.886551, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.808605, "energy": 26.727749, "activity_lines": [ 146.017241, 148.110767, 147.742337, 145.967392 ] }, { "date": "2026-04-10", "close": 151.124368, "volume": 5166435, "typical_volume": 7838438.45, "trend": 143.937585, "fair_value": 119.453791, "relative_strength": 3.936734, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.043222, "energy": 25.038632, "activity_lines": [ 147.601787, 148.424412, 148.199225, 146.459415 ] }, { "date": "2026-04-17", "close": 154.155601, "volume": 5380967, "typical_volume": 7893017.5, "trend": 144.480746, "fair_value": 119.816342, "relative_strength": 1.513682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.553885, "energy": 40.174044, "activity_lines": [ 150.050351, 149.235253, 148.879959, 147.118642 ] }, { "date": "2026-04-24", "close": 153.996586, "volume": 4980632, "typical_volume": 7815710.65, "trend": 145.008137, "fair_value": 120.178692, "relative_strength": 0.903834, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 67.699925, "energy": 62.66677, "activity_lines": [ 151.945286, 150.007111, 149.49123, 147.732567 ] }, { "date": "2026-05-01", "close": 155.546987, "volume": 5031611, "typical_volume": 7622696.3, "trend": 145.562016, "fair_value": 120.564432, "relative_strength": 0.988231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.040618, "energy": 77.046329, "activity_lines": [ 153.709033, 151.051882, 150.195522, 148.412492 ] }, { "date": "2026-05-08", "close": 154.503448, "volume": 5065766, "typical_volume": 7466026.1, "trend": 146.214595, "fair_value": 120.950733, "relative_strength": -1.917978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.26448, "energy": 77.21786, "activity_lines": [ 154.408701, 151.873165, 150.742149, 148.989359 ] }, { "date": "2026-05-15", "close": 154.801602, "volume": 5162731, "typical_volume": 7425261.5, "trend": 146.79074, "fair_value": 121.336724, "relative_strength": -1.890884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.952903, "energy": 74.267507, "activity_lines": [ 154.720769, 152.724717, 151.255761, 149.54336 ] }, { "date": "2026-05-22", "close": 157.723512, "volume": 4740908, "typical_volume": 7358008.85, "trend": 147.41488, "fair_value": 121.749047, "relative_strength": -0.874176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.851454, "energy": 73.942895, "activity_lines": [ 155.761658, 154.000742, 151.993103, 150.2487 ] }, { "date": "2026-05-29", "close": 158.210497, "volume": 4259772, "typical_volume": 7136137.8, "trend": 148.089278, "fair_value": 122.154726, "relative_strength": -1.944711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.505068, "energy": 68.841391, "activity_lines": [ 156.727015, 155.163904, 152.706809, 150.945191 ] }, { "date": "2026-06-05", "close": 157.266342, "volume": 6080307, "typical_volume": 7022201.9, "trend": 148.742347, "fair_value": 122.548036, "relative_strength": -0.0264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.433598, "energy": 62.785024, "activity_lines": [ 157.096726, 155.902061, 153.270022, 151.53726 ] }, { "date": "2026-06-12", "close": 159.343482, "volume": 6781907, "typical_volume": 6978847.5, "trend": 149.440443, "fair_value": 122.943141, "relative_strength": 0.716264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.789556, "energy": 71.957632, "activity_lines": [ 158.044193, 156.791283, 153.982557, 152.221204 ] }, { "date": "2026-06-19", "close": 158.21, "volume": 6741209, "typical_volume": 6948524.95, "trend": 150.130528, "fair_value": 123.34675, "relative_strength": -0.891689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.894258, "energy": 64.960273, "activity_lines": [ 158.291164, 157.253603, 154.523197, 152.786982 ] }, { "date": "2026-06-26", "close": 158.22, "volume": 9388816, "typical_volume": 6927369.9, "trend": 150.646241, "fair_value": 123.735504, "relative_strength": 1.48724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.142653, "energy": 52.296049, "activity_lines": [ 158.314242, 157.588911, 155.016922, 153.308883 ] }, { "date": "2026-07-03", "close": 159.48, "volume": 5717688, "typical_volume": 6803493.4, "trend": 151.211479, "fair_value": 124.139294, "relative_strength": 0.127597, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.044773, "energy": 54.562894, "activity_lines": [ 158.72422, 158.079412, 155.608654, 153.878803 ] }, { "date": "2026-07-10", "close": 161.06, "volume": 5858902, "typical_volume": 6799459.85, "trend": 151.80321, "fair_value": 124.542951, "relative_strength": -0.242215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.77636, "energy": 62.002869, "activity_lines": [ 159.576232, 158.757487, 156.3224, 154.514192 ] }, { "date": "2026-07-17", "close": 160.16, "volume": 6394936, "typical_volume": 6771809.25, "trend": 152.421626, "fair_value": 124.923502, "relative_strength": 0.722368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.694167, "energy": 60.686872, "activity_lines": [ 159.875333, 159.171689, 156.91534, 155.053339 ] }, { "date": "2026-07-24", "close": 162.23, "volume": 5399550, "typical_volume": 6492221.55, "trend": 153.05108, "fair_value": 125.313784, "relative_strength": 2.551963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.544702, "energy": 73.125025, "activity_lines": [ 160.81, 159.859408, 157.672215, 155.686138 ] }, { "date": "2026-07-31", "close": 161.96, "volume": 6687405, "typical_volume": 6387746.75, "trend": 153.682401, "fair_value": 125.712125, "relative_strength": 1.21713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.053815, "energy": 70.426279, "activity_lines": [ 161.386667, 160.362975, 158.340036, 156.260907 ] }, { "date": "2026-08-07", "close": 165.63, "volume": 6460107, "typical_volume": 6174010.3, "trend": 154.353725, "fair_value": 126.13057, "relative_strength": -0.042465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.977245, "energy": 77.309561, "activity_lines": [ 162.937333, 161.456787, 159.284458, 157.03172 ] } ], "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." } } }