{ "ticker": { "uuid": "374534ac-72d0-444d-9abb-fcb55c7e33a2", "symbol": "ZEEL", "name": "Zee Entertainment Enterprises Limited", "exchange": "NSI", "country": "IN", "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": "^NSEI", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 95.567, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 32.511, "architecture_energy": 24.381, "architecture_maturity": 47.851, "architecture_confidence": 81.905, "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": 38.11, "rotation_up": 32.74, "upward_expansion": 62.49, "deceleration": 87.42, "rotation_down": 27.7, "downward_expansion": 17.16 }, "activity_lines": [ 103.773334, 105.434364, 101.652476, 97.075032 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 94.190002, "trend_reference": 92.413999, "distance_from_trend": 0.019218, "trend_direction": "Improving", "fair_value": 137.721451, "distance_from_fair_value": -0.316083, "fair_value_direction": "Improving", "relative_strength": -2.802649, "relative_strength_direction": "Improving", "price_momentum": 0.053933, "excess_performance": 0.097642, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.019218, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.044887, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.316083, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.032288, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.028026, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.026198, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.053933, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.463775, "read": "Demand-led" } ], "volume": { "latest": 219588544, "relative_activity": 2.21384, "balance": 1.463775, "dry_up": 1.356679, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.111926, "annualized_volatility": 0.578029, "from_high_reference": -0.226683, "from_low_reference": 0.385147 }, "levels": { "trend_reference": 92.413999, "fair_value_reference": 137.721451, "structural_low": 68.0, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": -0.031382, "positive_rate": 0.363636, "directional_follow_through": 0.363636, "median_excess_return": -0.040986, "regime_survival": 0.545455, "best_return": 0.138229, "worst_return": -0.210748, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.141087, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.146876, "regime_survival": 0.166667, "best_return": 0.084333, "worst_return": -0.467576, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.290344, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.335258, "regime_survival": 0.0, "best_return": 0.013351, "worst_return": -0.368758, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.194955, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.174471, "regime_survival": 0.25, "best_return": -0.052842, "worst_return": -0.528537, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-01-12", "tenure": "New", "return": -0.065782, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-01-19", "end": "2024-01-19", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-01-26", "end": "2024-02-02", "tenure": "New", "return": 0.059436, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-09", "end": "2024-06-21", "tenure": "Established", "return": -0.241132, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-08-16", "tenure": "Developing", "return": -0.1145, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2025-04-25", "tenure": "Extended", "return": -0.201526, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.22261, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.126776, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": -0.210748, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-08", "end": "2025-10-03", "tenure": "Developing", "return": 0.031036, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-10", "end": "2026-05-01", "tenure": "Extended", "return": -0.194579, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.021028, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-05", "end": "2026-06-19", "tenure": "New", "return": 0.009709, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.154185, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 265.927551, "volume": 57594800, "typical_volume": 66350393.35, "trend": 202.817102, "fair_value": 225.577242, "relative_strength": 12.341676, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.360541, "energy": 92.558041, "activity_lines": [ 250.420759, 230.834139, 211.627223, 206.440291 ] }, { "date": "2023-08-25", "close": 258.203278, "volume": 57796933, "typical_volume": 68920608.3, "trend": 204.449393, "fair_value": 225.935536, "relative_strength": 9.454717, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.529529, "energy": 87.290122, "activity_lines": [ 255.861728, 238.773894, 216.950677, 210.013593 ] }, { "date": "2023-09-01", "close": 255.094162, "volume": 51403464, "typical_volume": 70728296.9, "trend": 205.808017, "fair_value": 226.234179, "relative_strength": 7.27888, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.27437, "energy": 82.404829, "activity_lines": [ 257.345041, 244.759847, 221.731422, 213.280997 ] }, { "date": "2023-09-08", "close": 269.279541, "volume": 77053272, "typical_volume": 71482094.35, "trend": 207.453263, "fair_value": 226.635909, "relative_strength": 11.154218, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.033637, "energy": 75.068881, "activity_lines": [ 262.429755, 251.807494, 227.611465, 217.375934 ] }, { "date": "2023-09-15", "close": 266.364746, "volume": 45427465, "typical_volume": 69979914.9, "trend": 209.360842, "fair_value": 227.005594, "relative_strength": 8.141879, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.469696, "energy": 60.990792, "activity_lines": [ 263.770566, 256.562162, 232.838223, 221.176675 ] }, { "date": "2023-09-22", "close": 257.960388, "volume": 21844292, "typical_volume": 69837069.8, "trend": 211.626294, "fair_value": 227.455608, "relative_strength": 7.746045, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.991936, "energy": 55.248948, "activity_lines": [ 262.09941, 258.587511, 236.90646, 224.312129 ] }, { "date": "2023-09-29", "close": 257.037354, "volume": 47201323, "typical_volume": 69749827.6, "trend": 213.716858, "fair_value": 227.80376, "relative_strength": 7.826963, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.092475, "energy": 49.712748, "activity_lines": [ 260.65172, 259.570594, 240.550199, 227.241875 ] }, { "date": "2023-10-06", "close": 253.248108, "volume": 17890826, "typical_volume": 69267379.5, "trend": 215.888389, "fair_value": 228.209296, "relative_strength": 6.649841, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.229729, "energy": 40.030455, "activity_lines": [ 258.018677, 259.089208, 243.470557, 229.792278 ] }, { "date": "2023-10-13", "close": 251.061996, "volume": 21950711, "typical_volume": 66906342.05, "trend": 217.544971, "fair_value": 228.751723, "relative_strength": 5.611498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.102914, "energy": 33.316021, "activity_lines": [ 254.78, 257.936532, 245.836176, 232.061543 ] }, { "date": "2023-10-20", "close": 254.073975, "volume": 34014540, "typical_volume": 66837413.25, "trend": 219.156211, "fair_value": 229.25182, "relative_strength": 8.322131, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.933518, "energy": 29.35115, "activity_lines": [ 253.759819, 256.906634, 248.175886, 234.418253 ] }, { "date": "2023-10-27", "close": 242.074677, "volume": 26621528, "typical_volume": 66204272.2, "trend": 220.351282, "fair_value": 229.66255, "relative_strength": 6.173018, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.073641, "energy": 21.046087, "activity_lines": [ 249.559256, 253.861101, 249.058192, 235.896864 ] }, { "date": "2023-11-03", "close": 267.482086, "volume": 59878027, "typical_volume": 65125527.55, "trend": 222.386788, "fair_value": 230.204571, "relative_strength": 16.255573, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.478628, "energy": 30.770384, "activity_lines": [ 254.886878, 255.868785, 252.105322, 238.937561 ] }, { "date": "2023-11-10", "close": 241.880371, "volume": 54499284, "typical_volume": 61741868.65, "trend": 223.708168, "fair_value": 230.585211, "relative_strength": 4.346852, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.48184, "energy": 21.878111, "activity_lines": [ 250.984278, 253.052906, 252.306352, 240.195212 ] }, { "date": "2023-11-17", "close": 239.111313, "volume": 30633675, "typical_volume": 61736914.35, "trend": 225.332363, "fair_value": 230.991519, "relative_strength": 1.746146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.297929, "energy": 12.951971, "activity_lines": [ 246.916509, 249.973813, 251.909153, 241.188963 ] }, { "date": "2023-11-24", "close": 245.669632, "volume": 37868340, "typical_volume": 58728839.3, "trend": 227.14926, "fair_value": 231.395842, "relative_strength": 4.407493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.175608, "energy": 11.647148, "activity_lines": [ 245.831558, 248.635655, 251.818471, 242.501045 ] }, { "date": "2023-12-01", "close": 258.98053, "volume": 99238981, "typical_volume": 58876351.9, "trend": 229.5394, "fair_value": 231.799868, "relative_strength": 7.722769, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.167501, "energy": 16.104096, "activity_lines": [ 249.743863, 250.093935, 252.779428, 244.554675 ] }, { "date": "2023-12-08", "close": 271.028442, "volume": 148584090, "typical_volume": 61211299.8, "trend": 232.54327, "fair_value": 232.2456, "relative_strength": 9.098805, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.942691, "energy": 29.836866, "activity_lines": [ 256.545082, 253.724197, 254.653928, 247.231387 ] }, { "date": "2023-12-15", "close": 269.716797, "volume": 167680937, "typical_volume": 65697456.55, "trend": 235.517993, "fair_value": 232.606714, "relative_strength": 6.235481, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.774598, "energy": 38.756687, "activity_lines": [ 262.672661, 256.861594, 256.133773, 249.629679 ] }, { "date": "2023-12-22", "close": 259.952148, "volume": 134959827, "typical_volume": 69494420.95, "trend": 238.003675, "fair_value": 232.95351, "relative_strength": 3.012429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.432531, "energy": 35.986349, "activity_lines": [ 263.689596, 257.92417, 256.533516, 251.206077 ] }, { "date": "2023-12-29", "close": 266.899139, "volume": 58759367, "typical_volume": 62545084.1, "trend": 240.633478, "fair_value": 233.298384, "relative_strength": 4.007758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.809186, "energy": 41.523609, "activity_lines": [ 265.632806, 260.088195, 257.441271, 253.0703 ] }, { "date": "2024-01-05", "close": 275.011993, "volume": 92255843, "typical_volume": 64278136.25, "trend": 243.515898, "fair_value": 233.657613, "relative_strength": 7.318107, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.453125, "energy": 42.40015, "activity_lines": [ 268.865, 263.494101, 259.104098, 255.288269 ] }, { "date": "2024-01-12", "close": 242.851959, "volume": 261979666, "typical_volume": 74487272.9, "trend": 245.549785, "fair_value": 233.848642, "relative_strength": -5.817369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.480057, "energy": 12.668672, "activity_lines": [ 260.308418, 260.453867, 257.660805, 255.245434 ] }, { "date": "2024-01-19", "close": 228.326523, "volume": 195082312, "typical_volume": 81671215.3, "trend": 247.439552, "fair_value": 233.980565, "relative_strength": -10.123955, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.598003, "energy": 9.484426, "activity_lines": [ 248.788457, 255.220465, 254.907239, 254.134256 ] }, { "date": "2024-01-26", "close": 158.565475, "volume": 413046284, "typical_volume": 98470865.9, "trend": 246.981279, "fair_value": 233.661051, "relative_strength": -36.330583, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -55.827961, "energy": 61.375279, "activity_lines": [ 216.774165, 237.54967, 245.637228, 248.400444 ] }, { "date": "2024-02-02", "close": 167.990021, "volume": 149933979, "typical_volume": 103696191.6, "trend": 245.90442, "fair_value": 233.430492, "relative_strength": -33.620734, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.607784, "energy": 84.968935, "activity_lines": [ 194.660499, 223.056899, 237.792004, 243.304234 ] }, { "date": "2024-02-09", "close": 197.478149, "volume": 189304943, "typical_volume": 112069224.15, "trend": 245.491489, "fair_value": 233.405962, "relative_strength": -21.288597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.696708, "energy": 80.348009, "activity_lines": [ 188.970151, 215.337962, 233.223623, 240.179959 ] }, { "date": "2024-02-16", "close": 178.531906, "volume": 123537682, "typical_volume": 115886042.1, "trend": 244.296418, "fair_value": 233.283969, "relative_strength": -29.253966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.301867, "energy": 82.31495, "activity_lines": [ 182.133311, 205.292478, 227.138849, 235.859986 ] }, { "date": "2024-02-23", "close": 168.524399, "volume": 266949513, "typical_volume": 128338976.45, "trend": 241.974289, "fair_value": 233.143672, "relative_strength": -33.368343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.857502, "energy": 77.035912, "activity_lines": [ 176.248639, 195.109203, 220.474814, 230.971468 ] }, { "date": "2024-03-01", "close": 150.889832, "volume": 170684609, "typical_volume": 135775671.35, "trend": 239.414117, "fair_value": 232.786797, "relative_strength": -40.244438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.075853, "energy": 64.274596, "activity_lines": [ 168.472586, 183.559505, 212.534743, 225.095052 ] }, { "date": "2024-03-08", "close": 156.039322, "volume": 68560690, "typical_volume": 137502978.85, "trend": 235.84186, "fair_value": 232.458377, "relative_strength": -38.224161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.826748, "energy": 64.815295, "activity_lines": [ 162.92474, 174.929029, 205.56211, 219.716033 ] }, { "date": "2024-03-15", "close": 137.676025, "volume": 95633837, "typical_volume": 140953594.3, "trend": 231.56681, "fair_value": 232.030157, "relative_strength": -43.798774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.329161, "energy": 77.937399, "activity_lines": [ 152.052508, 164.975405, 197.307424, 213.382753 ] }, { "date": "2024-03-22", "close": 138.404739, "volume": 63380822, "typical_volume": 141128734.05, "trend": 227.573525, "fair_value": 231.703162, "relative_strength": -43.110865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.973237, "energy": 83.507499, "activity_lines": [ 145.409988, 157.651292, 189.619275, 207.372297 ] }, { "date": "2024-03-29", "close": 134.615494, "volume": 119733129, "typical_volume": 144390426.3, "trend": 223.557569, "fair_value": 231.295403, "relative_strength": -44.673422, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.70764, "energy": 82.294657, "activity_lines": [ 140.179532, 151.537266, 182.184899, 201.375004 ] }, { "date": "2024-04-05", "close": 148.02359, "volume": 99808311, "typical_volume": 147849158.1, "trend": 219.515704, "fair_value": 230.993024, "relative_strength": -39.113742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.646351, "energy": 68.059783, "activity_lines": [ 141.679034, 149.564912, 176.53827, 196.501844 ] }, { "date": "2024-04-12", "close": 142.388306, "volume": 36396575, "typical_volume": 147775569.85, "trend": 215.383156, "fair_value": 230.728, "relative_strength": -40.918229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.600269, "energy": 58.481706, "activity_lines": [ 141.491192, 146.759632, 170.788699, 191.525883 ] }, { "date": "2024-04-19", "close": 138.793381, "volume": 36383531, "typical_volume": 144632797.35, "trend": 211.410923, "fair_value": 230.476063, "relative_strength": -40.960319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.298808, "energy": 57.574968, "activity_lines": [ 141.015108, 143.766214, 165.18857, 186.584607 ] }, { "date": "2024-04-26", "close": 141.75676, "volume": 78058422, "typical_volume": 141106513.95, "trend": 207.568236, "fair_value": 230.257697, "relative_strength": -39.970677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.878668, "energy": 62.487926, "activity_lines": [ 141.452328, 142.378589, 160.442987, 182.090791 ] }, { "date": "2024-05-03", "close": 139.036285, "volume": 57728204, "typical_volume": 135608877.3, "trend": 203.761175, "fair_value": 230.017944, "relative_strength": -40.81764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.232296, "energy": 65.406022, "activity_lines": [ 140.759254, 141.164971, 156.05389, 177.669374 ] }, { "date": "2024-05-10", "close": 127.522789, "volume": 80856494, "typical_volume": 132903710.65, "trend": 199.643202, "fair_value": 229.671899, "relative_strength": -44.263175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.835881, "energy": 76.932351, "activity_lines": [ 135.933629, 138.394137, 151.190558, 172.750769 ] }, { "date": "2024-05-17", "close": 131.117722, "volume": 40342103, "typical_volume": 131982847.45, "trend": 195.54466, "fair_value": 229.354363, "relative_strength": -43.311514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.774319, "energy": 79.058048, "activity_lines": [ 133.673035, 136.701783, 147.300217, 168.32977 ] }, { "date": "2024-05-24", "close": 147.343475, "volume": 76917222, "typical_volume": 131215916.4, "trend": 192.386953, "fair_value": 229.013012, "relative_strength": -37.236439, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.569651, "energy": 60.549971, "activity_lines": [ 137.572397, 138.412686, 145.601764, 165.220016 ] }, { "date": "2024-05-31", "close": 144.67157, "volume": 97837385, "typical_volume": 123008802.35, "trend": 188.29327, "fair_value": 228.614758, "relative_strength": -36.765618, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.551686, "energy": 51.754054, "activity_lines": [ 140.011119, 139.462016, 144.256789, 162.141604 ] }, { "date": "2024-06-07", "close": 151.812836, "volume": 124400101, "typical_volume": 119474691.8, "trend": 185.291018, "fair_value": 228.248921, "relative_strength": -35.362634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.001374, "energy": 31.854926, "activity_lines": [ 144.635941, 141.695816, 144.05946, 159.788028 ] }, { "date": "2024-06-14", "close": 159.323334, "volume": 110814900, "typical_volume": 104363122.6, "trend": 182.631419, "fair_value": 227.922424, "relative_strength": -32.301689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.299221, "energy": 23.33619, "activity_lines": [ 150.912493, 144.982482, 144.941768, 158.112693 ] }, { "date": "2024-06-21", "close": 149.85994, "volume": 44061128, "typical_volume": 99069480.05, "trend": 179.437763, "fair_value": 227.557125, "relative_strength": -36.073499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.450201, "energy": 20.534034, "activity_lines": [ 151.914544, 146.343081, 144.919191, 155.998404 ] }, { "date": "2024-06-28", "close": 147.479492, "volume": 158121080, "typical_volume": 97510286.9, "trend": 175.721061, "fair_value": 227.184158, "relative_strength": -38.085199, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.195128, "energy": 17.27688, "activity_lines": [ 150.873631, 147.135023, 144.756239, 153.936581 ] }, { "date": "2024-07-05", "close": 146.809097, "volume": 54189348, "typical_volume": 94042870.2, "trend": 171.580417, "fair_value": 226.809929, "relative_strength": -38.645947, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.217138, "energy": 12.946382, "activity_lines": [ 149.600185, 147.647146, 144.767528, 152.071293 ] }, { "date": "2024-07-12", "close": 151.084152, "volume": 77258116, "typical_volume": 84558300.35, "trend": 167.625995, "fair_value": 226.509559, "relative_strength": -36.754928, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.267082, "energy": 11.401197, "activity_lines": [ 149.609256, 148.844691, 145.337026, 150.748953 ] }, { "date": "2024-07-19", "close": 133.614731, "volume": 116087116, "typical_volume": 81828425.7, "trend": 163.414748, "fair_value": 226.115424, "relative_strength": -43.530644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.090499, "energy": 27.697404, "activity_lines": [ 143.843765, 146.646926, 144.325819, 148.554678 ] }, { "date": "2024-07-26", "close": 138.569901, "volume": 68442165, "typical_volume": 81822499.45, "trend": 159.137107, "fair_value": 225.772485, "relative_strength": -41.388454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.334756, "energy": 27.108187, "activity_lines": [ 141.443905, 145.239338, 143.868795, 146.951784 ] }, { "date": "2024-08-02", "close": 138.608765, "volume": 129169055, "typical_volume": 83499260.35, "trend": 154.590332, "fair_value": 225.467444, "relative_strength": -40.364239, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.132406, "energy": 28.072547, "activity_lines": [ 139.809668, 143.703322, 143.49866, 145.627375 ] }, { "date": "2024-08-09", "close": 133.624451, "volume": 55741803, "typical_volume": 83117309.4, "trend": 150.949415, "fair_value": 225.211218, "relative_strength": -40.704594, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.717734, "energy": 42.012512, "activity_lines": [ 137.105375, 141.41988, 142.649387, 144.274738 ] }, { "date": "2024-08-16", "close": 130.593063, "volume": 22409554, "typical_volume": 78251130.65, "trend": 147.691633, "fair_value": 225.013288, "relative_strength": -41.430684, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.537804, "energy": 50.389752, "activity_lines": [ 134.269596, 138.786133, 141.534174, 142.961425 ] }, { "date": "2024-08-23", "close": 132.75972, "volume": 49193671, "typical_volume": 75720398.65, "trend": 146.831442, "fair_value": 224.827426, "relative_strength": -40.114501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.94933, "energy": 49.006038, "activity_lines": [ 133.522109, 136.932138, 140.644463, 141.998075 ] }, { "date": "2024-08-30", "close": 136.782166, "volume": 191703157, "typical_volume": 83485727.75, "trend": 145.79118, "fair_value": 224.617409, "relative_strength": -38.285241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.325188, "energy": 38.84159, "activity_lines": [ 134.172438, 136.292472, 140.210528, 141.349735 ] }, { "date": "2024-09-06", "close": 130.602768, "volume": 66318532, "typical_volume": 84982477.8, "trend": 143.562, "fair_value": 224.327118, "relative_strength": -39.051585, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.171365, "energy": 41.739315, "activity_lines": [ 132.882149, 134.767056, 139.214774, 140.369838 ] }, { "date": "2024-09-13", "close": 132.079605, "volume": 90650422, "typical_volume": 85612077.8, "trend": 142.01359, "fair_value": 223.599918, "relative_strength": -38.493344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.569835, "energy": 32.844082, "activity_lines": [ 132.617873, 133.817006, 138.398674, 139.629038 ] }, { "date": "2024-09-20", "close": 124.520538, "volume": 58880600, "typical_volume": 85669697.6, "trend": 140.546795, "fair_value": 222.433339, "relative_strength": -41.89732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.993819, "energy": 43.467851, "activity_lines": [ 129.936898, 131.760389, 136.908745, 138.500454 ] }, { "date": "2024-09-27", "close": 131.895004, "volume": 123596232, "typical_volume": 87806684.5, "trend": 139.913634, "fair_value": 221.456046, "relative_strength": -38.217386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.467244, "energy": 41.290968, "activity_lines": [ 130.118913, 131.527559, 136.190269, 137.942274 ] }, { "date": "2024-10-04", "close": 128.02803, "volume": 94722938, "typical_volume": 90525726.25, "trend": 138.979924, "fair_value": 220.461359, "relative_strength": -36.06618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.03272, "energy": 37.016854, "activity_lines": [ 129.069584, 130.62291, 135.082689, 137.175461 ] }, { "date": "2024-10-11", "close": 126.454018, "volume": 75601274, "typical_volume": 90459928.85, "trend": 138.605857, "fair_value": 219.301321, "relative_strength": -35.540899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.283159, "energy": 41.921809, "activity_lines": [ 128.079194, 129.623748, 133.839917, 136.367338 ] }, { "date": "2024-10-18", "close": 128.698441, "volume": 71509082, "typical_volume": 89143513.7, "trend": 138.282314, "fair_value": 218.228679, "relative_strength": -32.819854, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.580724, "energy": 33.26213, "activity_lines": [ 128.113528, 129.253658, 132.910372, 135.72815 ] }, { "date": "2024-10-25", "close": 116.164757, "volume": 75520482, "typical_volume": 86699532.75, "trend": 137.66729, "fair_value": 217.11913, "relative_strength": -36.420118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.711722, "energy": 58.029884, "activity_lines": [ 124.195378, 126.69428, 130.863206, 134.30121 ] }, { "date": "2024-11-01", "close": 119.691673, "volume": 36975412, "typical_volume": 83007558.35, "trend": 136.722892, "fair_value": 215.975506, "relative_strength": -33.297488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.589854, "energy": 61.915754, "activity_lines": [ 122.009919, 125.038492, 129.321689, 133.141493 ] }, { "date": "2024-11-08", "close": 120.089554, "volume": 31632928, "typical_volume": 82386148.35, "trend": 135.979601, "fair_value": 214.818722, "relative_strength": -31.304818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.481061, "energy": 61.89902, "activity_lines": [ 120.770642, 123.692647, 128.006788, 132.068375 ] }, { "date": "2024-11-15", "close": 113.164886, "volume": 22079577, "typical_volume": 75584073.2, "trend": 135.125317, "fair_value": 213.611388, "relative_strength": -32.257498, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.97775, "energy": 70.726765, "activity_lines": [ 117.752375, 121.391274, 126.174158, 130.596457 ] }, { "date": "2024-11-22", "close": 114.761375, "volume": 80220190, "typical_volume": 76885615.3, "trend": 134.225471, "fair_value": 212.236539, "relative_strength": -30.954546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.902043, "energy": 61.320588, "activity_lines": [ 116.152212, 119.697224, 124.656978, 129.282655 ] }, { "date": "2024-11-29", "close": 126.504906, "volume": 78410807, "typical_volume": 76943249.85, "trend": 133.807759, "fair_value": 210.893841, "relative_strength": -22.989983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.844849, "energy": 39.848213, "activity_lines": [ 119.395698, 120.453238, 124.410838, 128.784554 ] }, { "date": "2024-12-06", "close": 140.638275, "volume": 111449479, "typical_volume": 76711368.0, "trend": 134.244942, "fair_value": 209.509586, "relative_strength": -14.538386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.359001, "energy": 9.779368, "activity_lines": [ 126.660963, 123.742877, 125.627777, 129.225232 ] }, { "date": "2024-12-13", "close": 130.001511, "volume": 41128352, "typical_volume": 75345677.35, "trend": 134.207734, "fair_value": 208.233662, "relative_strength": -19.592932, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.624217, "energy": 19.806435, "activity_lines": [ 128.984201, 124.939589, 125.798245, 128.951463 ] }, { "date": "2024-12-20", "close": 122.557747, "volume": 48276577, "typical_volume": 71301053.45, "trend": 133.381544, "fair_value": 206.975022, "relative_strength": -18.731018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.456087, "energy": 23.37547, "activity_lines": [ 128.165386, 124.747009, 125.300585, 128.19985 ] }, { "date": "2024-12-27", "close": 122.146385, "volume": 20383030, "typical_volume": 69533114.8, "trend": 132.630704, "fair_value": 205.781518, "relative_strength": -18.008199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.307212, "energy": 20.605111, "activity_lines": [ 126.58326, 124.550476, 124.840181, 127.475001 ] }, { "date": "2025-01-03", "close": 122.929939, "volume": 53402618, "typical_volume": 71082768.0, "trend": 131.667941, "fair_value": 204.593036, "relative_strength": -16.196042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.134962, "energy": 14.294661, "activity_lines": [ 124.769985, 124.615537, 124.509059, 126.849146 ] }, { "date": "2025-01-10", "close": 122.626305, "volume": 76414747, "typical_volume": 72443821.8, "trend": 130.444706, "fair_value": 203.391826, "relative_strength": -12.749212, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.380981, "energy": 22.308336, "activity_lines": [ 123.093829, 124.502388, 124.185511, 126.265814 ] }, { "date": "2025-01-17", "close": 118.904427, "volume": 33942668, "typical_volume": 64555797.35, "trend": 129.412856, "fair_value": 202.371308, "relative_strength": -13.049766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.877525, "energy": 29.883597, "activity_lines": [ 121.377846, 123.659177, 123.555752, 125.52128 ] }, { "date": "2025-01-24", "close": 113.91906, "volume": 59099604, "typical_volume": 64194850.95, "trend": 128.294175, "fair_value": 201.342552, "relative_strength": -15.608495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.150554, "energy": 49.190184, "activity_lines": [ 118.739879, 121.931083, 122.536328, 124.52168 ] }, { "date": "2025-01-31", "close": 103.419418, "volume": 75651784, "typical_volume": 63444919.05, "trend": 126.847852, "fair_value": 200.290852, "relative_strength": -23.920175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.511561, "energy": 68.606937, "activity_lines": [ 113.177944, 118.280251, 120.596385, 122.916857 ] }, { "date": "2025-02-07", "close": 107.209869, "volume": 41754524, "typical_volume": 62588615.25, "trend": 125.385376, "fair_value": 199.364492, "relative_strength": -20.104527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.860997, "energy": 69.646035, "activity_lines": [ 110.127957, 115.52481, 119.153914, 121.649891 ] }, { "date": "2025-02-14", "close": 94.584846, "volume": 47746610, "typical_volume": 58796134.15, "trend": 124.08438, "fair_value": 198.360283, "relative_strength": -26.588891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.187802, "energy": 81.459798, "activity_lines": [ 103.917634, 110.824728, 116.591492, 119.66276 ] }, { "date": "2025-02-21", "close": 95.809151, "volume": 52004557, "typical_volume": 56660215.1, "trend": 122.659022, "fair_value": 197.549064, "relative_strength": -24.327293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.98643, "energy": 82.304132, "activity_lines": [ 99.984843, 107.184583, 114.323338, 117.838551 ] }, { "date": "2025-02-28", "close": 91.176376, "volume": 39709155, "typical_volume": 54865609.15, "trend": 121.077942, "fair_value": 196.752509, "relative_strength": -25.118873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.522009, "energy": 85.62704, "activity_lines": [ 96.047479, 103.323794, 111.76739, 115.807413 ] }, { "date": "2025-03-07", "close": 101.832726, "volume": 78165331, "typical_volume": 55198421.6, "trend": 120.018218, "fair_value": 195.911514, "relative_strength": -17.25327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.627548, "energy": 75.755075, "activity_lines": [ 97.17841, 101.971094, 110.394322, 114.565786 ] }, { "date": "2025-03-14", "close": 98.101051, "volume": 65890159, "typical_volume": 54716905.45, "trend": 118.935151, "fair_value": 194.945864, "relative_strength": -19.199943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.944116, "energy": 61.267844, "activity_lines": [ 97.171229, 100.309246, 108.793787, 113.151775 ] }, { "date": "2025-03-21", "close": 104.154007, "volume": 74334137, "typical_volume": 56584841.7, "trend": 117.981627, "fair_value": 193.795365, "relative_strength": -17.186661, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.548715, "energy": 44.988001, "activity_lines": [ 99.788955, 100.199371, 107.855743, 112.198153 ] }, { "date": "2025-03-28", "close": 96.318459, "volume": 64361368, "typical_volume": 58221263.7, "trend": 116.632837, "fair_value": 192.565681, "relative_strength": -23.438199, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.977119, "energy": 37.140012, "activity_lines": [ 99.156887, 99.00071, 106.245445, 110.800529 ] }, { "date": "2025-04-04", "close": 102.567314, "volume": 48222935, "typical_volume": 59528431.6, "trend": 115.698322, "fair_value": 191.461077, "relative_strength": -15.64646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.279655, "energy": 30.772957, "activity_lines": [ 100.573817, 99.348859, 105.343471, 109.893076 ] }, { "date": "2025-04-11", "close": 101.715195, "volume": 62193555, "typical_volume": 58627099.85, "trend": 114.686175, "fair_value": 190.392291, "relative_strength": -15.497535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.557002, "energy": 25.760552, "activity_lines": [ 100.947312, 99.748472, 104.410808, 108.990939 ] }, { "date": "2025-04-18", "close": 111.940582, "volume": 48834162, "typical_volume": 57148267.6, "trend": 114.266843, "fair_value": 189.448507, "relative_strength": -10.477772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.23867, "energy": 14.615993, "activity_lines": [ 104.737104, 102.038232, 104.514116, 108.813804 ] }, { "date": "2025-04-25", "close": 106.005157, "volume": 65049188, "typical_volume": 54828253.05, "trend": 113.403848, "fair_value": 188.59914, "relative_strength": -15.291965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.991528, "energy": 18.195358, "activity_lines": [ 105.625786, 103.162812, 104.121499, 108.280792 ] }, { "date": "2025-05-02", "close": 103.879761, "volume": 31605033, "typical_volume": 54352087.1, "trend": 112.598906, "fair_value": 187.735533, "relative_strength": -17.452968, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.779997, "energy": 13.75923, "activity_lines": [ 105.682592, 103.693313, 103.691384, 107.666335 ] }, { "date": "2025-05-09", "close": 113.419548, "volume": 77437113, "typical_volume": 55810113.9, "trend": 112.164423, "fair_value": 186.988529, "relative_strength": -8.239657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.545122, "energy": 12.366942, "activity_lines": [ 108.415241, 105.811583, 104.294208, 107.71928 ] }, { "date": "2025-05-16", "close": 127.004417, "volume": 84053340, "typical_volume": 58993629.4, "trend": 112.107956, "fair_value": 186.331995, "relative_strength": -1.123553, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.582438, "energy": 41.060987, "activity_lines": [ 114.952697, 109.995408, 106.234345, 108.676698 ] }, { "date": "2025-05-23", "close": 125.466705, "volume": 52743509, "typical_volume": 58960673.95, "trend": 112.418021, "fair_value": 185.673614, "relative_strength": -1.158526, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.652267, "energy": 55.97254, "activity_lines": [ 119.291634, 113.441982, 108.0049, 109.538553 ] }, { "date": "2025-05-30", "close": 127.739006, "volume": 28249528, "typical_volume": 56552413.0, "trend": 112.686265, "fair_value": 184.942927, "relative_strength": 1.529814, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.481605, "energy": 63.89272, "activity_lines": [ 123.486264, 116.804144, 109.979785, 110.527004 ] }, { "date": "2025-06-06", "close": 123.987732, "volume": 34350061, "typical_volume": 56572782.65, "trend": 112.816205, "fair_value": 184.282767, "relative_strength": -1.867476, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.979885, "energy": 66.187667, "activity_lines": [ 124.981545, 119.055438, 111.573059, 111.256131 ] }, { "date": "2025-06-13", "close": 134.487366, "volume": 105282390, "typical_volume": 58881921.95, "trend": 113.526954, "fair_value": 183.821452, "relative_strength": 8.223122, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.679323, "energy": 71.4461, "activity_lines": [ 128.636174, 122.712679, 114.142092, 112.65427 ] }, { "date": "2025-06-20", "close": 130.34433, "volume": 111662640, "typical_volume": 60682464.75, "trend": 114.046386, "fair_value": 183.295689, "relative_strength": 3.715003, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.35516, "energy": 60.699273, "activity_lines": [ 129.505268, 125.036276, 116.218606, 113.739262 ] }, { "date": "2025-06-27", "close": 141.372849, "volume": 244704644, "typical_volume": 70829970.75, "trend": 114.541984, "fair_value": 182.875431, "relative_strength": 10.451666, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 79.648798, "energy": 74.078281, "activity_lines": [ 133.827876, 128.844528, 119.217241, 115.50226 ] }, { "date": "2025-07-04", "close": 144.350372, "volume": 94216296, "typical_volume": 73153455.05, "trend": 114.66572, "fair_value": 182.421583, "relative_strength": 13.721457, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.714402, "energy": 79.735768, "activity_lines": [ 138.082581, 132.659017, 122.336769, 117.425382 ] }, { "date": "2025-07-11", "close": 134.536346, "volume": 90629736, "typical_volume": 75084714.0, "trend": 114.816882, "fair_value": 181.900203, "relative_strength": 7.64024, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.590732, "energy": 62.3885, "activity_lines": [ 137.958519, 133.991951, 124.284649, 118.707358 ] }, { "date": "2025-07-18", "close": 138.669601, "volume": 76270353, "typical_volume": 76912773.9, "trend": 115.353943, "fair_value": 181.33693, "relative_strength": 11.7072, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.024103, "energy": 62.726169, "activity_lines": [ 138.508969, 135.518993, 126.441757, 120.246243 ] }, { "date": "2025-07-25", "close": 121.157143, "volume": 74790481, "typical_volume": 76744031.4, "trend": 115.320969, "fair_value": 180.591776, "relative_strength": -1.61687, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.154473, "energy": 36.612214, "activity_lines": [ 132.943117, 133.402861, 126.704854, 120.620643 ] }, { "date": "2025-08-01", "close": 113.928856, "volume": 53863636, "typical_volume": 76142705.25, "trend": 115.020933, "fair_value": 179.819695, "relative_strength": -6.110221, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 20.820386, "energy": 19.601598, "activity_lines": [ 125.580315, 130.078808, 126.187521, 120.530829 ] }, { "date": "2025-08-08", "close": 110.47142, "volume": 45281002, "typical_volume": 74690048.5, "trend": 114.61577, "fair_value": 179.038081, "relative_strength": -7.863967, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.244108, "energy": 21.132996, "activity_lines": [ 118.894633, 126.33591, 125.265539, 120.237312 ] }, { "date": "2025-08-15", "close": 113.860291, "volume": 31004144, "typical_volume": 73022187.3, "trend": 114.447632, "fair_value": 178.164518, "relative_strength": -5.813605, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.136299, "energy": 27.07549, "activity_lines": [ 115.597173, 123.523126, 124.636223, 120.188571 ] }, { "date": "2025-08-22", "close": 121.039612, "volume": 71075658, "typical_volume": 74164823.45, "trend": 114.684984, "fair_value": 177.349915, "relative_strength": -0.648799, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.724718, "energy": 24.499247, "activity_lines": [ 116.071223, 122.199809, 124.607119, 120.613861 ] }, { "date": "2025-08-29", "close": 116.040001, "volume": 28932122, "typical_volume": 72501751.8, "trend": 115.10567, "fair_value": 176.561177, "relative_strength": -2.768596, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.086908, "energy": 19.54595, "activity_lines": [ 116.054068, 120.211976, 124.013899, 120.701281 ] }, { "date": "2025-09-05", "close": 115.900002, "volume": 33613779, "typical_volume": 71740732.65, "trend": 115.395341, "fair_value": 175.680665, "relative_strength": -3.903167, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.410113, "energy": 13.690128, "activity_lines": [ 116.33139, 118.458767, 123.339132, 120.752528 ] }, { "date": "2025-09-12", "close": 116.300003, "volume": 34032587, "typical_volume": 70189902.6, "trend": 116.119179, "fair_value": 174.799367, "relative_strength": -4.786583, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.944999, "energy": 10.087618, "activity_lines": [ 116.610636, 117.241429, 122.683606, 120.810894 ] }, { "date": "2025-09-19", "close": 116.449997, "volume": 35803012, "typical_volume": 70399801.55, "trend": 116.807208, "fair_value": 173.920587, "relative_strength": -5.379621, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.780225, "energy": 17.08006, "activity_lines": [ 116.551308, 116.561369, 121.993342, 120.832237 ] }, { "date": "2025-09-26", "close": 112.589996, "volume": 35366416, "typical_volume": 68296266.7, "trend": 117.520995, "fair_value": 173.034503, "relative_strength": -5.845491, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.033346, "energy": 22.351316, "activity_lines": [ 115.032665, 115.508333, 120.875601, 120.560158 ] }, { "date": "2025-10-03", "close": 113.900002, "volume": 29565973, "typical_volume": 65571898.35, "trend": 117.923237, "fair_value": 172.00952, "relative_strength": -5.463099, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.100287, "energy": 28.143572, "activity_lines": [ 114.514, 115.167655, 119.886572, 120.326546 ] }, { "date": "2025-10-10", "close": 111.419998, "volume": 40718400, "typical_volume": 64970642.9, "trend": 118.367202, "fair_value": 171.058325, "relative_strength": -8.712904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -37.910629, "energy": 42.010927, "activity_lines": [ 113.311332, 114.508015, 118.723755, 119.906982 ] }, { "date": "2025-10-17", "close": 105.370003, "volume": 36999358, "typical_volume": 65408134.4, "trend": 118.407735, "fair_value": 170.07115, "relative_strength": -14.728312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -50.420987, "energy": 60.023062, "activity_lines": [ 110.390667, 112.793991, 117.051636, 119.068453 ] }, { "date": "2025-10-24", "close": 104.769997, "volume": 24444462, "typical_volume": 64912854.45, "trend": 118.689453, "fair_value": 169.10442, "relative_strength": -15.242483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.704969, "energy": 79.868419, "activity_lines": [ 107.998666, 111.063629, 115.428893, 118.188599 ] }, { "date": "2025-10-31", "close": 100.580002, "volume": 37221480, "typical_volume": 61509808.95, "trend": 118.62321, "fair_value": 168.098062, "relative_strength": -18.067498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.884704, "energy": 88.845335, "activity_lines": [ 104.988667, 108.736727, 113.498617, 117.020247 ] }, { "date": "2025-11-07", "close": 98.800003, "volume": 20266159, "typical_volume": 56939984.9, "trend": 118.526037, "fair_value": 167.075624, "relative_strength": -18.431308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.490955, "energy": 92.094098, "activity_lines": [ 102.186001, 106.458182, 111.56028, 115.741331 ] }, { "date": "2025-11-14", "close": 100.480003, "volume": 38353305, "typical_volume": 46622417.95, "trend": 118.144017, "fair_value": 166.157377, "relative_strength": -18.073169, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.55798, "energy": 87.307502, "activity_lines": [ 100.950002, 104.798546, 109.932154, 114.577071 ] }, { "date": "2025-11-21", "close": 98.059998, "volume": 19262244, "typical_volume": 42874715.35, "trend": 117.879179, "fair_value": 165.170367, "relative_strength": -20.194501, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.731103, "energy": 88.634699, "activity_lines": [ 99.636667, 102.979273, 108.268279, 113.281327 ] }, { "date": "2025-11-28", "close": 101.470001, "volume": 44383714, "typical_volume": 40562414.25, "trend": 117.798853, "fair_value": 164.132657, "relative_strength": -17.382357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.39366, "energy": 71.977107, "activity_lines": [ 99.947334, 102.111637, 107.149597, 112.222671 ] }, { "date": "2025-12-05", "close": 97.5, "volume": 28205700, "typical_volume": 38159181.6, "trend": 117.268202, "fair_value": 163.13396, "relative_strength": -19.915589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.545786, "energy": 63.524933, "activity_lines": [ 99.154667, 100.794546, 105.810278, 110.913067 ] }, { "date": "2025-12-12", "close": 94.169998, "volume": 29860789, "typical_volume": 35912697.0, "trend": 116.173721, "fair_value": 162.177134, "relative_strength": -21.707583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.831732, "energy": 66.116569, "activity_lines": [ 97.457333, 99.146364, 104.349862, 109.422861 ] }, { "date": "2025-12-19", "close": 90.529999, "volume": 34900054, "typical_volume": 34964517.9, "trend": 115.009164, "fair_value": 161.293511, "relative_strength": -23.959046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.410802, "energy": 69.210727, "activity_lines": [ 94.855332, 97.195091, 102.67129, 107.768427 ] }, { "date": "2025-12-26", "close": 91.209999, "volume": 26495447, "typical_volume": 34025240.15, "trend": 113.791531, "fair_value": 160.383107, "relative_strength": -23.086312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.850178, "energy": 79.548171, "activity_lines": [ 93.143332, 95.747272, 101.168902, 106.232997 ] }, { "date": "2026-01-02", "close": 91.120003, "volume": 36606758, "typical_volume": 34305370.85, "trend": 112.69594, "fair_value": 159.486139, "relative_strength": -23.460968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.51474, "energy": 79.461493, "activity_lines": [ 91.858, 94.540546, 99.749665, 104.770318 ] }, { "date": "2026-01-09", "close": 91.010002, "volume": 33280335, "typical_volume": 32415604.7, "trend": 111.246694, "fair_value": 158.635489, "relative_strength": -21.06548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.283428, "energy": 75.932822, "activity_lines": [ 91.226001, 93.562, 98.428238, 103.371225 ] }, { "date": "2026-01-16", "close": 89.5, "volume": 19404474, "typical_volume": 31939222.3, "trend": 109.885217, "fair_value": 157.821871, "relative_strength": -21.85913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.140799, "energy": 73.097386, "activity_lines": [ 90.523334, 92.482909, 97.106, 101.968212 ] }, { "date": "2026-01-23", "close": 81.389999, "volume": 51616766, "typical_volume": 32839371.65, "trend": 107.885788, "fair_value": 157.002354, "relative_strength": -26.574639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.37764, "energy": 73.654177, "activity_lines": [ 87.428667, 90.098364, 95.137762, 100.129811 ] }, { "date": "2026-01-30", "close": 84.379997, "volume": 33238216, "typical_volume": 32799653.1, "trend": 105.886776, "fair_value": 156.169307, "relative_strength": -24.344228, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.314325, "energy": 68.454348, "activity_lines": [ 85.939999, 88.604545, 93.618619, 98.613309 ] }, { "date": "2026-02-06", "close": 89.370003, "volume": 45342317, "typical_volume": 33276618.35, "trend": 104.381231, "fair_value": 155.332434, "relative_strength": -20.662161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.658774, "energy": 60.446894, "activity_lines": [ 86.57, 88.266727, 92.726715, 97.54771 ] }, { "date": "2026-02-13", "close": 96.199997, "volume": 64267550, "typical_volume": 34721675.05, "trend": 102.965578, "fair_value": 154.608476, "relative_strength": -13.72072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.289702, "energy": 44.846176, "activity_lines": [ 89.593332, 89.390727, 92.614238, 97.019889 ] }, { "date": "2026-02-20", "close": 90.699997, "volume": 32023368, "typical_volume": 34844544.8, "trend": 101.950339, "fair_value": 153.971958, "relative_strength": -18.737948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.524054, "energy": 30.3918, "activity_lines": [ 90.437332, 89.538363, 92.056, 96.228561 ] }, { "date": "2026-02-27", "close": 87.449997, "volume": 23737319, "typical_volume": 33995490.75, "trend": 101.067711, "fair_value": 153.286891, "relative_strength": -20.200311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.734031, "energy": 27.017738, "activity_lines": [ 90.117998, 89.158181, 91.298714, 95.293055 ] }, { "date": "2026-03-06", "close": 81.809998, "volume": 25134014, "typical_volume": 33402223.55, "trend": 100.11233, "fair_value": 152.605531, "relative_strength": -22.724255, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.933716, "energy": 41.941404, "activity_lines": [ 87.514664, 87.808544, 90.118428, 94.050622 ] }, { "date": "2026-03-13", "close": 78.059998, "volume": 45923477, "typical_volume": 34476174.3, "trend": 98.918987, "fair_value": 151.815117, "relative_strength": -21.777837, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.885811, "energy": 64.536181, "activity_lines": [ 83.832664, 85.947998, 88.693189, 92.627891 ] }, { "date": "2026-03-20", "close": 72.779999, "volume": 61469016, "typical_volume": 35688551.1, "trend": 97.310333, "fair_value": 150.96283, "relative_strength": -26.523304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.432531, "energy": 87.860754, "activity_lines": [ 79.144665, 83.364907, 86.892285, 90.941505 ] }, { "date": "2026-03-27", "close": 73.690002, "volume": 77434262, "typical_volume": 38546956.25, "trend": 95.898666, "fair_value": 150.113263, "relative_strength": -24.349152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.054201, "energy": 86.332693, "activity_lines": [ 76.321333, 81.278726, 85.310428, 89.417612 ] }, { "date": "2026-04-03", "close": 74.129997, "volume": 34806586, "typical_volume": 38369620.3, "trend": 94.506333, "fair_value": 149.26527, "relative_strength": -23.120031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.294323, "energy": 83.809574, "activity_lines": [ 74.778666, 79.559999, 83.890047, 88.013182 ] }, { "date": "2026-04-10", "close": 81.940002, "volume": 95434639, "typical_volume": 42178240.05, "trend": 93.361, "fair_value": 148.494122, "relative_strength": -19.363142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.837515, "energy": 54.135309, "activity_lines": [ 76.727333, 79.393272, 83.338952, 87.202451 ] }, { "date": "2026-04-17", "close": 81.040001, "volume": 82551329, "typical_volume": 44086620.8, "trend": 92.180666, "fair_value": 147.79319, "relative_strength": -20.74833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.953028, "energy": 42.063524, "activity_lines": [ 78.367334, 79.107272, 82.778904, 86.407548 ] }, { "date": "2026-04-24", "close": 88.099998, "volume": 175211283, "typical_volume": 51436899.95, "trend": 91.364333, "fair_value": 147.132532, "relative_strength": -11.909857, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.102393, "energy": 18.187712, "activity_lines": [ 82.162, 80.256363, 82.988523, 86.144279 ] }, { "date": "2026-05-01", "close": 89.739998, "volume": 55256183, "typical_volume": 52706669.65, "trend": 90.559, "fair_value": 146.507299, "relative_strength": -10.425484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.940179, "energy": 19.142412, "activity_lines": [ 85.481999, 81.850908, 83.399094, 86.039483 ] }, { "date": "2026-05-08", "close": 95.110001, "volume": 78527026, "typical_volume": 54888018.25, "trend": 90.015333, "fair_value": 145.957284, "relative_strength": -5.422447, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.660472, "energy": 25.314722, "activity_lines": [ 89.522, 84.439272, 84.34219, 86.333096 ] }, { "date": "2026-05-15", "close": 88.339996, "volume": 69571737, "typical_volume": 57041832.75, "trend": 89.447666, "fair_value": 145.366674, "relative_strength": -9.615665, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.135713, "energy": 28.409641, "activity_lines": [ 89.906665, 85.657454, 84.618713, 86.22501 ] }, { "date": "2026-05-22", "close": 82.129997, "volume": 77488878, "typical_volume": 59085938.75, "trend": 88.692999, "fair_value": 144.704804, "relative_strength": -15.615414, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.962739, "energy": 19.81453, "activity_lines": [ 87.794664, 85.627817, 84.317475, 85.752902 ] }, { "date": "2026-05-29", "close": 93.110001, "volume": 180271638, "typical_volume": 66435503.9, "trend": 88.443999, "fair_value": 144.096503, "relative_strength": -3.088872, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.541029, "energy": 23.293198, "activity_lines": [ 89.269999, 87.520544, 85.104761, 86.03787 ] }, { "date": "2026-06-05", "close": 112.269997, "volume": 230280587, "typical_volume": 76979309.55, "trend": 88.892999, "fair_value": 143.607596, "relative_strength": 17.84437, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 56.856271, "energy": 55.446279, "activity_lines": [ 96.797998, 92.527271, 87.706808, 87.575031 ] }, { "date": "2026-06-12", "close": 112.599998, "volume": 86798974, "typical_volume": 78738419.95, "trend": 89.296999, "fair_value": 143.16378, "relative_strength": 17.281866, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 55.870514, "energy": 71.63664, "activity_lines": [ 102.933998, 96.892544, 90.231856, 89.104515 ] }, { "date": "2026-06-19", "close": 113.360001, "volume": 75042015, "typical_volume": 80828609.9, "trend": 89.806999, "fair_value": 142.790232, "relative_strength": 16.413562, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.198804, "energy": 86.845761, "activity_lines": [ 108.157332, 100.696544, 92.680666, 90.656967 ] }, { "date": "2026-06-26", "close": 111.360001, "volume": 0, "typical_volume": 78561494.05, "trend": 90.136666, "fair_value": 142.399503, "relative_strength": 14.636887, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.240642, "energy": 86.788246, "activity_lines": [ 111.046, 103.565636, 94.800999, 92.047483 ] }, { "date": "2026-07-03", "close": 105.089996, "volume": 18164311, "typical_volume": 76256332.1, "trend": 90.389666, "fair_value": 141.789209, "relative_strength": 7.913162, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.54293, "energy": 81.480186, "activity_lines": [ 109.895999, 104.743453, 96.219475, 93.012214 ] }, { "date": "2026-07-10", "close": 97.470001, "volume": 108670190, "typical_volume": 80088673.2, "trend": 90.499666, "fair_value": 141.068722, "relative_strength": 0.993194, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.45591, "energy": 49.57663, "activity_lines": [ 105.407333, 104.226908, 96.869904, 93.46901 ] }, { "date": "2026-07-17", "close": 107.400002, "volume": 140352970, "typical_volume": 85919455.75, "trend": 91.061999, "fair_value": 140.382927, "relative_strength": 11.311743, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.017114, "energy": 38.604129, "activity_lines": [ 105.215334, 105.375272, 98.433809, 94.559354 ] }, { "date": "2026-07-24", "close": 105.459999, "volume": 68482833, "typical_volume": 88086896.7, "trend": 91.536999, "fair_value": 139.532104, "relative_strength": 12.147737, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.270918, "energy": 29.898313, "activity_lines": [ 104.723333, 105.947454, 99.717952, 95.488257 ] }, { "date": "2026-07-31", "close": 114.25, "volume": 109846127, "typical_volume": 91283029.2, "trend": 92.307999, "fair_value": 138.804893, "relative_strength": 18.397615, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.081959, "energy": 40.466872, "activity_lines": [ 107.688, 107.806545, 101.726618, 96.953612 ] }, { "date": "2026-08-07", "close": 94.190002, "volume": 219588544, "typical_volume": 99189005.6, "trend": 92.413999, "fair_value": 137.721451, "relative_strength": -2.802649, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.511269, "energy": 24.380619, "activity_lines": [ 103.773334, 105.434364, 101.652476, 97.075032 ] } ], "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." } } }