{ "ticker": { "uuid": "39710d78-680b-4c8d-83bb-c7b83726a3b0", "symbol": "TEVA", "name": "Teva Pharmaceutical Industries Limited", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -56.678, "architecture_energy": 64.168, "architecture_maturity": 89.511, "architecture_confidence": 70.991, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 14.69, "rotation_up": 27.95, "upward_expansion": 22.5, "deceleration": 66.57, "rotation_down": 53.12, "downward_expansion": 72.5 }, "activity_lines": [ 102.750667, 101.693091, 2672.837714, 4509.625204 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 105.0, "trend_reference": 6661.412667, "distance_from_trend": -0.984238, "trend_direction": "Weakening", "fair_value": 6039.419103, "distance_from_fair_value": -0.982614, "fair_value_direction": "Weakening", "relative_strength": -98.65375, "relative_strength_direction": "Weakening", "price_momentum": -0.990296, "excess_performance": -1.019196, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.984238, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.312084, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.982614, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.715092, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.986538, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -1.026011, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.990296, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.220058, "read": "Supply-led" } ], "volume": { "latest": 6090573, "relative_activity": 1.458637, "balance": 0.220058, "dry_up": 1.281901, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 8.301773, "annualized_volatility": 6.375922, "from_high_reference": -0.990749, "from_low_reference": 0.138705 }, "levels": { "trend_reference": 6661.412667, "fair_value_reference": 6039.419103, "structural_low": 92.21, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.018404, "positive_rate": 0.65, "directional_follow_through": 0.35, "median_excess_return": 0.019234, "regime_survival": 0.75, "best_return": 0.186349, "worst_return": -0.120429, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.121394, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.043057, "regime_survival": 0.333333, "best_return": 0.348888, "worst_return": -0.180428, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.048635, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.030995, "regime_survival": 0.25, "best_return": 0.321546, "worst_return": -0.105772, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.765062, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.000892, "regime_survival": 0.0, "best_return": 1.238425, "worst_return": -0.124791, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-26", "end": "2024-08-09", "tenure": "New", "return": 0.050049, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-16", "end": "2024-10-04", "tenure": "Developing", "return": -0.023358, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-11", "end": "2024-11-29", "tenure": "Developing", "return": -0.098356, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-06", "end": "2024-12-13", "tenure": "New", "return": -0.024333, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-20", "end": "2024-12-27", "tenure": "New", "return": 0.066131, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": -0.202492, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.036804, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-05-30", "tenure": "Established", "return": 0.107843, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-18", "tenure": "Developing", "return": -0.126189, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2025-08-15", "tenure": "New", "return": 0.076, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.002556, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-03-13", "tenure": "Extended", "return": 0.410996, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-29", "tenure": "Developing", "return": 0.068636, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.053688, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3579.0, "volume": 3377220, "typical_volume": 7906301.65, "trend": 3192.133333, "fair_value": 3138.224359, "relative_strength": 12.964479, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.352504, "energy": 76.875684, "activity_lines": [ 3473.6, 3259.581818, 3099.390476, 3118.36129 ] }, { "date": "2023-08-25", "close": 3737.0, "volume": 5619202, "typical_volume": 8091704.3, "trend": 3201.4, "fair_value": 3141.448718, "relative_strength": 16.658278, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 60.172683, "energy": 85.542264, "activity_lines": [ 3591.933333, 3376.618182, 3162.828571, 3153.513978 ] }, { "date": "2023-09-01", "close": 3700.0, "volume": 5261239, "typical_volume": 8126684.6, "trend": 3204.566667, "fair_value": 3144.782051, "relative_strength": 14.370509, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.645374, "energy": 81.45538, "activity_lines": [ 3657.4, 3468.727273, 3220.561905, 3185.68172 ] }, { "date": "2023-09-08", "close": 3572.0, "volume": 18684772, "typical_volume": 8837557.15, "trend": 3208.566667, "fair_value": 3148.237179, "relative_strength": 11.103515, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.833441, "energy": 86.424411, "activity_lines": [ 3643.533333, 3519.672727, 3264.942857, 3209.387097 ] }, { "date": "2023-09-15", "close": 4030.0, "volume": 5597771, "typical_volume": 8855020.55, "trend": 3221.966667, "fair_value": 3153.666667, "relative_strength": 23.300585, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.584235, "energy": 92.879517, "activity_lines": [ 3772.733333, 3639.763636, 3350.571429, 3262.382796 ] }, { "date": "2023-09-22", "close": 4030.0, "volume": 4248668, "typical_volume": 8560414.85, "trend": 3234.566667, "fair_value": 3160.314103, "relative_strength": 21.326395, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.268389, "energy": 82.99213, "activity_lines": [ 3874.866667, 3737.672727, 3431.414286, 3314.513978 ] }, { "date": "2023-09-29", "close": 3863.0, "volume": 4388331, "typical_volume": 8304508.0, "trend": 3241.666667, "fair_value": 3164.666667, "relative_strength": 16.53632, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.917553, "energy": 65.452661, "activity_lines": [ 3891.266667, 3785.872727, 3492.352381, 3355.058065 ] }, { "date": "2023-10-06", "close": 3452.0, "volume": 6059872, "typical_volume": 8152162.35, "trend": 3241.933333, "fair_value": 3165.673077, "relative_strength": 4.691897, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.027824, "energy": 54.877737, "activity_lines": [ 3762.266667, 3746.0, 3510.114286, 3368.627957 ] }, { "date": "2023-10-13", "close": 3510.0, "volume": 12003216, "typical_volume": 8470239.75, "trend": 3254.933333, "fair_value": 3168.173077, "relative_strength": 13.171614, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.583316, "energy": 36.369468, "activity_lines": [ 3669.133333, 3711.181818, 3531.82381, 3385.922581 ] }, { "date": "2023-10-20", "close": 3356.0, "volume": 4160182, "typical_volume": 7673578.25, "trend": 3262.166667, "fair_value": 3169.224359, "relative_strength": 10.504247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.062175, "energy": 27.921487, "activity_lines": [ 3528.8, 3646.872727, 3535.57619, 3392.443011 ] }, { "date": "2023-10-27", "close": 3336.0, "volume": 6014517, "typical_volume": 7584007.55, "trend": 3266.8, "fair_value": 3171.679487, "relative_strength": 13.686724, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.661724, "energy": 28.329463, "activity_lines": [ 3426.733333, 3583.8, 3534.504762, 3397.206452 ] }, { "date": "2023-11-03", "close": 3495.0, "volume": 6465464, "typical_volume": 7395250.75, "trend": 3274.0, "fair_value": 3175.589744, "relative_strength": 12.835616, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.43209, "energy": 26.352472, "activity_lines": [ 3423.933333, 3554.054545, 3545.842857, 3411.929032 ] }, { "date": "2023-11-10", "close": 3450.0, "volume": 5465505, "typical_volume": 7491701.85, "trend": 3273.8, "fair_value": 3176.916667, "relative_strength": 9.779614, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.814876, "energy": 19.856, "activity_lines": [ 3430.666667, 3520.527273, 3549.280952, 3423.283871 ] }, { "date": "2023-11-17", "close": 3314.0, "volume": 4752115, "typical_volume": 7317694.4, "trend": 3281.8, "fair_value": 3178.070513, "relative_strength": 4.030061, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.800126, "energy": 15.882473, "activity_lines": [ 3392.2, 3466.818182, 3536.271429, 3425.877419 ] }, { "date": "2023-11-24", "close": 3580.0, "volume": 5968540, "typical_volume": 7023061.1, "trend": 3300.3, "fair_value": 3180.185897, "relative_strength": 7.239624, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.719023, "energy": 10.348671, "activity_lines": [ 3455.466667, 3466.163636, 3546.12381, 3445.116129 ] }, { "date": "2023-12-01", "close": 3625.0, "volume": 4407099, "typical_volume": 6987786.05, "trend": 3314.8, "fair_value": 3183.096154, "relative_strength": 9.470773, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.440775, "energy": 18.268282, "activity_lines": [ 3518.8, 3481.872727, 3556.595238, 3466.064516 ] }, { "date": "2023-12-08", "close": 3642.0, "volume": 3352971, "typical_volume": 6795062.25, "trend": 3335.666667, "fair_value": 3184.205128, "relative_strength": 7.78023, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.895691, "energy": 23.657707, "activity_lines": [ 3568.533333, 3508.036364, 3565.547619, 3487.174194 ] }, { "date": "2023-12-15", "close": 3838.0, "volume": 4007008, "typical_volume": 6495254.25, "trend": 3359.566667, "fair_value": 3187.435897, "relative_strength": 11.861964, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.93513, "energy": 42.431573, "activity_lines": [ 3673.8, 3573.854545, 3590.72381, 3519.582796 ] }, { "date": "2023-12-22", "close": 3828.0, "volume": 4031507, "typical_volume": 5918661.35, "trend": 3393.2, "fair_value": 3191.846154, "relative_strength": 9.596813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.808002, "energy": 61.158254, "activity_lines": [ 3749.866667, 3630.836364, 3611.671429, 3549.804301 ] }, { "date": "2023-12-29", "close": 3840.0, "volume": 3951257, "typical_volume": 5890822.8, "trend": 3429.766667, "fair_value": 3196.878205, "relative_strength": 9.509045, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.297047, "energy": 66.323958, "activity_lines": [ 3795.666667, 3684.218182, 3631.857143, 3578.630108 ] }, { "date": "2024-01-05", "close": 4085.0, "volume": 4205613, "typical_volume": 5932242.45, "trend": 3473.866667, "fair_value": 3200.358974, "relative_strength": 14.825473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.196958, "energy": 81.15505, "activity_lines": [ 3905.8, 3773.345455, 3674.347619, 3620.903226 ] }, { "date": "2024-01-12", "close": 4301.0, "volume": 6409511, "typical_volume": 5971757.9, "trend": 3526.033333, "fair_value": 3204.5, "relative_strength": 21.571453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.108136, "energy": 88.498014, "activity_lines": [ 4057.266667, 3888.127273, 3735.0, 3674.266667 ] }, { "date": "2024-01-19", "close": 4181.0, "volume": 2940511, "typical_volume": 5855721.5, "trend": 3574.866667, "fair_value": 3206.262821, "relative_strength": 19.206645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.047397, "energy": 84.20663, "activity_lines": [ 4124.8, 3966.436364, 3781.538095, 3716.522581 ] }, { "date": "2024-01-26", "close": 4350.0, "volume": 9901028, "typical_volume": 5416534.3, "trend": 3626.7, "fair_value": 3208.070513, "relative_strength": 24.322684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.067757, "energy": 86.978389, "activity_lines": [ 4225.8, 4062.181818, 3841.880952, 3766.531183 ] }, { "date": "2024-02-02", "close": 4459.0, "volume": 16305612, "typical_volume": 5951926.35, "trend": 3681.666667, "fair_value": 3210.532051, "relative_strength": 27.477305, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.860201, "energy": 85.512997, "activity_lines": [ 4328.333333, 4158.909091, 3908.9, 3820.227957 ] }, { "date": "2024-02-09", "close": 4458.0, "volume": 5284332, "typical_volume": 6003709.55, "trend": 3731.4, "fair_value": 3215.314103, "relative_strength": 25.869798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.713762, "energy": 78.903818, "activity_lines": [ 4389.266667, 4239.472727, 3973.780952, 3870.313978 ] }, { "date": "2024-02-16", "close": 4811.0, "volume": 5094667, "typical_volume": 6039026.35, "trend": 3787.466667, "fair_value": 3223.070513, "relative_strength": 32.852552, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.870215, "energy": 88.3436, "activity_lines": [ 4543.0, 4369.072727, 4070.242857, 3939.965591 ] }, { "date": "2024-02-23", "close": 4783.0, "volume": 7645314, "typical_volume": 6118298.45, "trend": 3841.9, "fair_value": 3230.192308, "relative_strength": 27.948359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.485722, "energy": 88.65978, "activity_lines": [ 4653.4, 4472.327273, 4159.52381, 4004.193548 ] }, { "date": "2024-03-01", "close": 4699.0, "volume": 6098055, "typical_volume": 5823040.4, "trend": 3884.266667, "fair_value": 3237.967949, "relative_strength": 23.212366, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.825486, "energy": 80.246848, "activity_lines": [ 4695.666667, 4543.127273, 4234.466667, 4059.490323 ] }, { "date": "2024-03-08", "close": 4752.0, "volume": 3854741, "typical_volume": 5807768.35, "trend": 3921.866667, "fair_value": 3244.583333, "relative_strength": 24.437262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.19718, "energy": 75.01269, "activity_lines": [ 4732.333333, 4607.727273, 4308.795238, 4115.473118 ] }, { "date": "2024-03-15", "close": 4924.0, "volume": 4159967, "typical_volume": 5715040.85, "trend": 3966.7, "fair_value": 3251.320513, "relative_strength": 31.68874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.549111, "energy": 73.886086, "activity_lines": [ 4806.8, 4687.018182, 4392.857143, 4180.126882 ] }, { "date": "2024-03-22", "close": 4916.0, "volume": 3929340, "typical_volume": 5588234.65, "trend": 4006.0, "fair_value": 3259.301282, "relative_strength": 24.278554, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.259614, "energy": 66.994726, "activity_lines": [ 4847.533333, 4749.6, 4468.595238, 4241.372043 ] }, { "date": "2024-03-29", "close": 5214.0, "volume": 6452319, "typical_volume": 5637575.35, "trend": 4056.466667, "fair_value": 3268.070513, "relative_strength": 29.849886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.627751, "energy": 71.67683, "activity_lines": [ 4980.6, 4855.181818, 4565.947619, 4319.307527 ] }, { "date": "2024-04-05", "close": 5186.0, "volume": 4842457, "typical_volume": 5642092.45, "trend": 4110.266667, "fair_value": 3277.660256, "relative_strength": 31.449885, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.00546, "energy": 78.782091, "activity_lines": [ 5075.6, 4936.890909, 4652.233333, 4392.180645 ] }, { "date": "2024-04-12", "close": 5211.0, "volume": 5307116, "typical_volume": 5609021.25, "trend": 4149.633333, "fair_value": 3288.185897, "relative_strength": 32.016091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.037481, "energy": 72.477434, "activity_lines": [ 5146.466667, 5007.945455, 4731.985714, 4463.195699 ] }, { "date": "2024-04-19", "close": 4978.0, "volume": 4323081, "typical_volume": 5604820.35, "trend": 4181.233333, "fair_value": 3298.653846, "relative_strength": 26.509154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.1588, "energy": 62.831883, "activity_lines": [ 5109.066667, 5022.963636, 4781.780952, 4516.63871 ] }, { "date": "2024-04-26", "close": 4933.0, "volume": 3111375, "typical_volume": 5592740.55, "trend": 4216.9, "fair_value": 3308.576923, "relative_strength": 23.598533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.779044, "energy": 55.847724, "activity_lines": [ 5053.066667, 5020.345455, 4820.847619, 4565.139785 ] }, { "date": "2024-05-03", "close": 5174.0, "volume": 13150699, "typical_volume": 6049925.1, "trend": 4274.3, "fair_value": 3320.076923, "relative_strength": 27.611537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.265942, "energy": 54.843723, "activity_lines": [ 5076.266667, 5059.327273, 4876.719048, 4626.888172 ] }, { "date": "2024-05-10", "close": 5870.0, "volume": 11252383, "typical_volume": 6410968.9, "trend": 4352.966667, "fair_value": 3335.608974, "relative_strength": 38.547579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.198808, "energy": 67.65108, "activity_lines": [ 5334.133333, 5217.745455, 4992.514286, 4729.836559 ] }, { "date": "2024-05-17", "close": 6129.0, "volume": 4097708, "typical_volume": 6418291.45, "trend": 4445.4, "fair_value": 3352.429487, "relative_strength": 44.378672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.086607, "energy": 90.719298, "activity_lines": [ 5632.733333, 5401.963636, 5123.252381, 4844.419355 ] }, { "date": "2024-05-24", "close": 6185.0, "volume": 5131973, "typical_volume": 6464609.45, "trend": 4540.366667, "fair_value": 3369.916667, "relative_strength": 44.718022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.484568, "energy": 94.381875, "activity_lines": [ 5888.8, 5571.327273, 5248.42381, 4956.651613 ] }, { "date": "2024-05-31", "close": 6140.0, "volume": 3809377, "typical_volume": 6334602.75, "trend": 4628.533333, "fair_value": 3386.820513, "relative_strength": 39.579031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.785169, "energy": 91.22334, "activity_lines": [ 6049.4, 5709.581818, 5359.309524, 5059.853763 ] }, { "date": "2024-06-07", "close": 6298.0, "volume": 6173574, "typical_volume": 6496255.9, "trend": 4723.466667, "fair_value": 3404.467949, "relative_strength": 43.56633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.914682, "energy": 92.160452, "activity_lines": [ 6182.2, 5854.309091, 5476.485714, 5167.56129 ] }, { "date": "2024-06-14", "close": 6370.0, "volume": 2198911, "typical_volume": 6111150.05, "trend": 4825.333333, "fair_value": 3423.275641, "relative_strength": 41.526371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.334457, "energy": 90.780925, "activity_lines": [ 6264.066667, 5992.418182, 5590.438095, 5273.789247 ] }, { "date": "2024-06-21", "close": 6357.0, "volume": 4270131, "typical_volume": 5509376.0, "trend": 4917.9, "fair_value": 3442.557692, "relative_strength": 40.575083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.278378, "energy": 73.648716, "activity_lines": [ 6308.266667, 6106.636364, 5693.533333, 5372.606452 ] }, { "date": "2024-06-28", "close": 6198.0, "volume": 5846594, "typical_volume": 5537489.1, "trend": 5003.666667, "fair_value": 3461.391026, "relative_strength": 34.783271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.647486, "energy": 66.765373, "activity_lines": [ 6284.266667, 6171.109091, 5772.447619, 5455.193548 ] }, { "date": "2024-07-05", "close": 6276.0, "volume": 5337303, "typical_volume": 5549620.9, "trend": 5091.466667, "fair_value": 3482.410256, "relative_strength": 32.052402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.144905, "energy": 63.73272, "activity_lines": [ 6285.4, 6227.581818, 5850.504762, 5537.27957 ] }, { "date": "2024-07-12", "close": 6211.0, "volume": 5492350, "typical_volume": 5441972.7, "trend": 5170.566667, "fair_value": 3503.50641, "relative_strength": 25.978098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.822938, "energy": 56.830925, "activity_lines": [ 6255.8, 6247.818182, 5915.395238, 5609.507527 ] }, { "date": "2024-07-19", "close": 6117.0, "volume": 3816777, "typical_volume": 5327908.8, "trend": 5246.866667, "fair_value": 3523.846154, "relative_strength": 24.291243, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.553091, "energy": 44.779032, "activity_lines": [ 6200.666667, 6232.109091, 5964.533333, 5670.567742 ] }, { "date": "2024-07-26", "close": 6174.0, "volume": 5119665, "typical_volume": 5391155.0, "trend": 5324.666667, "fair_value": 3543.121795, "relative_strength": 24.005494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.223916, "energy": 39.072918, "activity_lines": [ 6181.4, 6222.272727, 6012.347619, 5730.382796 ] }, { "date": "2024-08-02", "close": 6567.0, "volume": 12087495, "typical_volume": 5787531.4, "trend": 5407.4, "fair_value": 3564.032051, "relative_strength": 34.52647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.610524, "energy": 49.766297, "activity_lines": [ 6305.333333, 6283.072727, 6090.819048, 5810.533333 ] }, { "date": "2024-08-09", "close": 6483.0, "volume": 6516585, "typical_volume": 5916893.65, "trend": 5480.133333, "fair_value": 3584.814103, "relative_strength": 29.987926, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.507956, "energy": 50.844592, "activity_lines": [ 6376.666667, 6321.654545, 6153.466667, 5879.926882 ] }, { "date": "2024-08-16", "close": 6807.0, "volume": 3620083, "typical_volume": 5775281.85, "trend": 5567.666667, "fair_value": 3608.839744, "relative_strength": 31.835761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.925144, "energy": 62.948537, "activity_lines": [ 6542.2, 6412.909091, 6239.509524, 5965.531183 ] }, { "date": "2024-08-23", "close": 6764.0, "volume": 3533403, "typical_volume": 5709829.15, "trend": 5648.133333, "fair_value": 3632.384615, "relative_strength": 29.992884, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.37941, "energy": 76.733982, "activity_lines": [ 6653.666667, 6487.090909, 6313.871429, 6042.713978 ] }, { "date": "2024-08-30", "close": 6852.0, "volume": 4461047, "typical_volume": 5667525.7, "trend": 5727.9, "fair_value": 3657.051282, "relative_strength": 27.819363, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.245827, "energy": 80.168445, "activity_lines": [ 6751.333333, 6570.109091, 6389.1, 6120.382796 ] }, { "date": "2024-09-06", "close": 6982.0, "volume": 1976319, "typical_volume": 5550187.6, "trend": 5812.033333, "fair_value": 3682.532051, "relative_strength": 30.192101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.441929, "energy": 82.268577, "activity_lines": [ 6847.133333, 6667.763636, 6468.895238, 6201.292473 ] }, { "date": "2024-09-13", "close": 6762.0, "volume": 3349556, "typical_volume": 5562096.65, "trend": 5877.066667, "fair_value": 3706.705128, "relative_strength": 26.124333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.540744, "energy": 56.892598, "activity_lines": [ 6841.933333, 6711.163636, 6518.195238, 6262.580645 ] }, { "date": "2024-09-20", "close": 6673.0, "volume": 4950663, "typical_volume": 5152094.85, "trend": 5940.066667, "fair_value": 3731.192308, "relative_strength": 27.417904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.12398, "energy": 50.253123, "activity_lines": [ 6788.466667, 6729.545455, 6550.309524, 6313.931183 ] }, { "date": "2024-09-27", "close": 6635.0, "volume": 2243576, "typical_volume": 4701654.5, "trend": 6004.6, "fair_value": 3753.391026, "relative_strength": 19.329641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.502866, "energy": 38.271809, "activity_lines": [ 6731.266667, 6732.618182, 6571.666667, 6358.765591 ] }, { "date": "2024-10-04", "close": 6648.0, "volume": 2548178, "typical_volume": 4624178.0, "trend": 6067.8, "fair_value": 3775.044872, "relative_strength": 18.584914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.892537, "energy": 28.894892, "activity_lines": [ 6687.0, 6728.636364, 6590.619048, 6400.275269 ] }, { "date": "2024-10-11", "close": 6629.0, "volume": 2080901, "typical_volume": 4471624.4, "trend": 6124.633333, "fair_value": 3797.096154, "relative_strength": 17.30051, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.64012, "energy": 23.162978, "activity_lines": [ 6650.0, 6712.581818, 6605.290476, 6436.48172 ] }, { "date": "2024-10-18", "close": 6693.0, "volume": 1598937, "typical_volume": 4361102.4, "trend": 6183.866667, "fair_value": 3819.0, "relative_strength": 15.089897, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.411424, "energy": 21.483494, "activity_lines": [ 6657.866667, 6707.036364, 6623.942857, 6473.150538 ] }, { "date": "2024-10-25", "close": 6890.0, "volume": 1729629, "typical_volume": 4138905.15, "trend": 6239.733333, "fair_value": 3845.282051, "relative_strength": 16.560632, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.127791, "energy": 33.810155, "activity_lines": [ 6736.0, 6733.490909, 6658.72381, 6518.707527 ] }, { "date": "2024-11-01", "close": 6860.0, "volume": 3741417, "typical_volume": 4216030.45, "trend": 6295.533333, "fair_value": 3870.935897, "relative_strength": 12.673844, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.421163, "energy": 38.24172, "activity_lines": [ 6789.666667, 6752.981818, 6687.828571, 6558.724731 ] }, { "date": "2024-11-08", "close": 6536.0, "volume": 6649263, "typical_volume": 4334987.05, "trend": 6339.7, "fair_value": 3893.653846, "relative_strength": 5.434029, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.817104, "energy": 26.700905, "activity_lines": [ 6720.333333, 6711.818182, 6683.742857, 6574.23871 ] }, { "date": "2024-11-15", "close": 6302.0, "volume": 4962839, "typical_volume": 4290799.3, "trend": 6383.833333, "fair_value": 3916.275641, "relative_strength": -0.613929, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.397191, "energy": 4.060211, "activity_lines": [ 6580.466667, 6633.854545, 6656.519048, 6571.806452 ] }, { "date": "2024-11-22", "close": 6340.0, "volume": 4004812, "typical_volume": 4224174.75, "trend": 6430.733333, "fair_value": 3939.070513, "relative_strength": -0.190914, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.490676, "energy": 15.878961, "activity_lines": [ 6475.066667, 6575.163636, 6632.419048, 6568.978495 ] }, { "date": "2024-11-29", "close": 5977.0, "volume": 8764150, "typical_volume": 4387764.75, "trend": 6457.5, "fair_value": 3960.461538, "relative_strength": -6.354863, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.270912, "energy": 45.939172, "activity_lines": [ 6272.2, 6458.145455, 6573.442857, 6539.705376 ] }, { "date": "2024-12-06", "close": 6370.0, "volume": 3594662, "typical_volume": 4376659.0, "trend": 6474.166667, "fair_value": 3984.416667, "relative_strength": -3.307836, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.63428, "energy": 46.750825, "activity_lines": [ 6261.2, 6425.236364, 6553.009524, 6534.060215 ] }, { "date": "2024-12-13", "close": 6215.0, "volume": 3354487, "typical_volume": 4288400.1, "trend": 6477.033333, "fair_value": 4007.608974, "relative_strength": -6.440668, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.745736, "energy": 53.810249, "activity_lines": [ 6231.2, 6368.963636, 6516.609524, 6517.339785 ] }, { "date": "2024-12-20", "close": 7712.0, "volume": 12930785, "typical_volume": 4330564.6, "trend": 6527.933333, "fair_value": 4040.057692, "relative_strength": 13.604643, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 55.537555, "energy": 26.697648, "activity_lines": [ 6721.6, 6592.745455, 6622.585714, 6597.015054 ] }, { "date": "2024-12-27", "close": 8222.0, "volume": 3720238, "typical_volume": 4190747.25, "trend": 6597.333333, "fair_value": 4075.487179, "relative_strength": 19.229306, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.594057, "energy": 70.301139, "activity_lines": [ 7288.0, 6889.563636, 6771.680952, 6706.309677 ] }, { "date": "2025-01-03", "close": 8025.0, "volume": 3340951, "typical_volume": 4176790.65, "trend": 6654.9, "fair_value": 4109.75, "relative_strength": 13.842153, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.202417, "energy": 85.118313, "activity_lines": [ 7663.266667, 7122.763636, 6893.733333, 6798.417204 ] }, { "date": "2025-01-10", "close": 7870.0, "volume": 4403147, "typical_volume": 4220277.85, "trend": 6704.9, "fair_value": 4141.782051, "relative_strength": 9.355575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.635886, "energy": 84.054102, "activity_lines": [ 7850.333333, 7307.145455, 6995.22381, 6876.810753 ] }, { "date": "2025-01-17", "close": 7842.0, "volume": 4177679, "typical_volume": 4206109.45, "trend": 6754.4, "fair_value": 4174.147436, "relative_strength": 5.150174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.337672, "energy": 82.626393, "activity_lines": [ 7928.066667, 7468.072727, 7088.780952, 6950.172043 ] }, { "date": "2025-01-24", "close": 7729.0, "volume": 2675830, "typical_volume": 4241085.0, "trend": 6805.433333, "fair_value": 4206.25641, "relative_strength": 3.487432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.870748, "energy": 70.15522, "activity_lines": [ 7859.666667, 7584.709091, 7166.861905, 7013.049462 ] }, { "date": "2025-01-31", "close": 6400.0, "volume": 11969768, "typical_volume": 4672095.6, "trend": 6809.566667, "fair_value": 4229.891026, "relative_strength": -11.98282, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.363724, "energy": 18.397354, "activity_lines": [ 7347.133333, 7433.763636, 7114.814286, 6986.892473 ] }, { "date": "2025-02-07", "close": 6195.0, "volume": 7249470, "typical_volume": 4787035.95, "trend": 6809.033333, "fair_value": 4251.121795, "relative_strength": -16.842598, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.994264, "energy": 16.641227, "activity_lines": [ 6887.733333, 7244.454545, 7044.966667, 6947.243011 ] }, { "date": "2025-02-14", "close": 5947.0, "volume": 6109103, "typical_volume": 4980312.3, "trend": 6803.366667, "fair_value": 4272.057692, "relative_strength": -19.7832, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.495561, "energy": 36.815952, "activity_lines": [ 6467.666667, 7006.090909, 6953.77619, 6891.627957 ] }, { "date": "2025-02-21", "close": 6186.0, "volume": 8255901, "typical_volume": 5265698.45, "trend": 6803.766667, "fair_value": 4295.301282, "relative_strength": -17.045232, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.176954, "energy": 40.725001, "activity_lines": [ 6255.466667, 6818.872727, 6888.62381, 6851.797849 ] }, { "date": "2025-02-28", "close": 5967.0, "volume": 4234898, "typical_volume": 5373398.3, "trend": 6783.766667, "fair_value": 4317.339744, "relative_strength": -18.52677, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.119699, "energy": 59.031767, "activity_lines": [ 6080.666667, 6592.363636, 6804.814286, 6797.812903 ] }, { "date": "2025-03-07", "close": 5610.0, "volume": 5520149, "typical_volume": 5569458.9, "trend": 6754.666667, "fair_value": 4337.153846, "relative_strength": -23.233721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.431277, "energy": 78.924004, "activity_lines": [ 5904.333333, 6332.672727, 6690.157143, 6722.086022 ] }, { "date": "2025-03-14", "close": 6040.0, "volume": 7306119, "typical_volume": 5848283.4, "trend": 6729.1, "fair_value": 4359.660256, "relative_strength": -18.684303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.820153, "energy": 60.817301, "activity_lines": [ 5924.0, 6198.654545, 6621.609524, 6675.978495 ] }, { "date": "2025-03-21", "close": 5963.0, "volume": 4353016, "typical_volume": 5878863.35, "trend": 6702.4, "fair_value": 4380.980769, "relative_strength": -19.373654, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.802722, "energy": 64.479641, "activity_lines": [ 5928.333333, 6086.727273, 6549.77619, 6626.552688 ] }, { "date": "2025-03-28", "close": 5730.0, "volume": 4644207, "typical_volume": 5778610.55, "trend": 6665.0, "fair_value": 4398.634615, "relative_strength": -21.105825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.3193, "energy": 62.259684, "activity_lines": [ 5853.933333, 5967.109091, 6460.02381, 6563.817204 ] }, { "date": "2025-04-04", "close": 5586.0, "volume": 3400176, "typical_volume": 5700477.4, "trend": 6618.466667, "fair_value": 4413.230769, "relative_strength": -22.48984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.278776, "energy": 59.164532, "activity_lines": [ 5761.933333, 5859.709091, 6360.395238, 6494.204301 ] }, { "date": "2025-04-11", "close": 5009.0, "volume": 9901964, "typical_volume": 5995335.0, "trend": 6560.033333, "fair_value": 4423.961538, "relative_strength": -29.322617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.1642, "energy": 79.972047, "activity_lines": [ 5503.0, 5686.363636, 6209.22381, 6390.367742 ] }, { "date": "2025-04-18", "close": 5028.0, "volume": 3258291, "typical_volume": 5720042.05, "trend": 6505.2, "fair_value": 4436.00641, "relative_strength": -30.866482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.62958, "energy": 85.36831, "activity_lines": [ 5290.466667, 5541.763636, 6066.2, 6291.526882 ] }, { "date": "2025-04-25", "close": 5227.0, "volume": 9804181, "typical_volume": 6030518.0, "trend": 6458.266667, "fair_value": 4450.403846, "relative_strength": -28.373875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.079446, "energy": 80.214162, "activity_lines": [ 5211.733333, 5454.563636, 5946.647619, 6209.062366 ] }, { "date": "2025-05-02", "close": 5485.0, "volume": 8073414, "typical_volume": 6266464.35, "trend": 6419.5, "fair_value": 4466.769231, "relative_strength": -24.925296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.630053, "energy": 83.824836, "activity_lines": [ 5268.066667, 5427.363636, 5857.109524, 6146.270968 ] }, { "date": "2025-05-09", "close": 6499.0, "volume": 30576173, "typical_volume": 7148733.75, "trend": 6415.166667, "fair_value": 4491.839744, "relative_strength": -14.771836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.825541, "energy": 29.145644, "activity_lines": [ 5678.733333, 5597.272727, 5867.619048, 6151.4 ] }, { "date": "2025-05-16", "close": 6048.0, "volume": 10858213, "typical_volume": 7505632.5, "trend": 6393.666667, "fair_value": 4512.653846, "relative_strength": -20.065689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.001835, "energy": 25.225984, "activity_lines": [ 5878.2, 5675.509091, 5840.952381, 6127.711828 ] }, { "date": "2025-05-23", "close": 5949.0, "volume": 2762218, "typical_volume": 7476695.85, "trend": 6362.3, "fair_value": 4531.051282, "relative_strength": -19.838396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.253759, "energy": 28.171985, "activity_lines": [ 5975.4, 5727.781818, 5815.209524, 6099.023656 ] }, { "date": "2025-05-30", "close": 6215.0, "volume": 8293023, "typical_volume": 7671189.65, "trend": 6340.8, "fair_value": 4550.730769, "relative_strength": -19.178139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.749896, "energy": 21.30638, "activity_lines": [ 6099.866667, 5830.072727, 5824.685714, 6089.52043 ] }, { "date": "2025-06-06", "close": 6205.0, "volume": 3383576, "typical_volume": 7631484.5, "trend": 6329.766667, "fair_value": 4572.019231, "relative_strength": -19.781641, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.197439, "energy": 17.829676, "activity_lines": [ 6155.133333, 5925.963636, 5841.090476, 6080.75914 ] }, { "date": "2025-06-13", "close": 6198.0, "volume": 5001456, "typical_volume": 7747765.8, "trend": 6326.3, "fair_value": 4594.25, "relative_strength": -18.153879, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.106299, "energy": 16.195003, "activity_lines": [ 6160.066667, 6011.945455, 5864.62381, 6072.258065 ] }, { "date": "2025-06-20", "close": 6045.0, "volume": 5863303, "typical_volume": 7442442.55, "trend": 6316.466667, "fair_value": 4615.839744, "relative_strength": -23.551452, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.73627, "energy": 15.395389, "activity_lines": [ 6134.066667, 6058.981818, 5880.87619, 6054.109677 ] }, { "date": "2025-06-27", "close": 5762.0, "volume": 7781790, "typical_volume": 7469058.55, "trend": 6309.3, "fair_value": 4635.660256, "relative_strength": -28.327249, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.359411, "energy": 14.32075, "activity_lines": [ 6013.933333, 6035.727273, 5871.866667, 6018.337634 ] }, { "date": "2025-07-04", "close": 5740.0, "volume": 6208212, "typical_volume": 7474014.0, "trend": 6288.3, "fair_value": 4655.641026, "relative_strength": -30.91664, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.754957, "energy": 19.241342, "activity_lines": [ 5898.933333, 5995.127273, 5862.82381, 5981.608602 ] }, { "date": "2025-07-11", "close": 5564.0, "volume": 6874404, "typical_volume": 7404939.15, "trend": 6266.6, "fair_value": 4675.775641, "relative_strength": -33.102205, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.556969, "energy": 32.366672, "activity_lines": [ 5756.933333, 5913.2, 5838.004762, 5934.87957 ] }, { "date": "2025-07-18", "close": 5422.0, "volume": 6154177, "typical_volume": 7500903.1, "trend": 6190.266667, "fair_value": 4694.666667, "relative_strength": -33.197975, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -55.042332, "energy": 44.45542, "activity_lines": [ 5610.333333, 5804.018182, 5802.62381, 5880.389247 ] }, { "date": "2025-07-25", "close": 5500.0, "volume": 11134115, "typical_volume": 7781601.4, "trend": 6099.533333, "fair_value": 4709.512821, "relative_strength": -32.266792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.715064, "energy": 58.481563, "activity_lines": [ 5541.466667, 5728.6, 5777.266667, 5835.855914 ] }, { "date": "2025-08-01", "close": 5595.0, "volume": 13804379, "typical_volume": 8106514.4, "trend": 6018.533333, "fair_value": 4723.49359, "relative_strength": -29.90284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.590489, "energy": 55.341482, "activity_lines": [ 5540.6, 5680.418182, 5761.480952, 5803.305376 ] }, { "date": "2025-08-08", "close": 5560.0, "volume": 28608579, "typical_volume": 9319292.55, "trend": 5941.533333, "fair_value": 4735.775641, "relative_strength": -27.761657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.638982, "energy": 50.702151, "activity_lines": [ 5539.2, 5632.309091, 5744.480952, 5773.722581 ] }, { "date": "2025-08-15", "close": 5918.0, "volume": 7433288, "typical_volume": 9458746.6, "trend": 5877.4, "fair_value": 4752.929487, "relative_strength": -23.183454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.070718, "energy": 18.323424, "activity_lines": [ 5669.133333, 5661.2, 5763.495238, 5772.204301 ] }, { "date": "2025-08-22", "close": 6259.0, "volume": 6126788, "typical_volume": 9595077.2, "trend": 5828.4, "fair_value": 4772.288462, "relative_strength": -18.883596, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.304948, "energy": 21.853079, "activity_lines": [ 5889.133333, 5757.309091, 5814.090476, 5796.823656 ] }, { "date": "2025-08-29", "close": 6002.0, "volume": 9769283, "typical_volume": 9588443.15, "trend": 5815.133333, "fair_value": 4792.089744, "relative_strength": -23.316245, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.983619, "energy": 24.471373, "activity_lines": [ 5967.666667, 5805.581818, 5837.004762, 5808.023656 ] }, { "date": "2025-09-05", "close": 6275.0, "volume": 4058426, "typical_volume": 9628449.9, "trend": 5817.8, "fair_value": 4812.826923, "relative_strength": -18.369126, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.557751, "energy": 57.737118, "activity_lines": [ 6103.733333, 5904.272727, 5881.190476, 5837.692473 ] }, { "date": "2025-09-12", "close": 6584.0, "volume": 6018763, "typical_volume": 9439179.0, "trend": 5839.033333, "fair_value": 4835.301282, "relative_strength": -14.860078, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.910989, "energy": 81.430367, "activity_lines": [ 6297.466667, 6049.818182, 5948.866667, 5887.124731 ] }, { "date": "2025-09-19", "close": 6155.0, "volume": 7091615, "typical_volume": 9390089.05, "trend": 5838.0, "fair_value": 4856.782051, "relative_strength": -17.703148, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.011349, "energy": 68.101461, "activity_lines": [ 6279.933333, 6102.018182, 5969.22381, 5907.509677 ] }, { "date": "2025-09-26", "close": 6339.0, "volume": 2867964, "typical_volume": 8004678.6, "trend": 5850.4, "fair_value": 4879.852564, "relative_strength": -14.89284, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.597901, "energy": 67.318188, "activity_lines": [ 6307.933333, 6176.927273, 6003.914286, 5939.832258 ] }, { "date": "2025-10-03", "close": 6440.0, "volume": 4461192, "typical_volume": 7684827.55, "trend": 5878.066667, "fair_value": 4901.121795, "relative_strength": -17.234034, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.437952, "energy": 61.388655, "activity_lines": [ 6364.266667, 6253.527273, 6048.985714, 5977.870968 ] }, { "date": "2025-10-10", "close": 6681.0, "volume": 2481756, "typical_volume": 7670804.45, "trend": 5899.433333, "fair_value": 4925.012821, "relative_strength": -15.372917, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.448038, "energy": 52.663686, "activity_lines": [ 6471.733333, 6356.854545, 6115.142857, 6029.673118 ] }, { "date": "2025-10-17", "close": 6568.0, "volume": 3042352, "typical_volume": 7408270.9, "trend": 5919.6, "fair_value": 4948.410256, "relative_strength": -14.389678, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.638746, "energy": 58.305462, "activity_lines": [ 6514.466667, 6419.890909, 6167.052381, 6072.806452 ] }, { "date": "2025-10-24", "close": 6252.0, "volume": 6095545, "typical_volume": 7543869.35, "trend": 5937.0, "fair_value": 4968.442308, "relative_strength": -17.381639, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.841637, "energy": 43.125325, "activity_lines": [ 6452.933333, 6407.145455, 6187.185714, 6094.251613 ] }, { "date": "2025-10-31", "close": 6586.0, "volume": 8275114, "typical_volume": 7707552.25, "trend": 5970.333333, "fair_value": 4990.782051, "relative_strength": -14.176234, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.42669, "energy": 44.37484, "activity_lines": [ 6496.266667, 6449.054545, 6238.904762, 6136.122581 ] }, { "date": "2025-11-07", "close": 7911.0, "volume": 18520746, "typical_volume": 8340424.4, "trend": 6067.066667, "fair_value": 5020.455128, "relative_strength": 1.625159, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.284288, "energy": 76.233403, "activity_lines": [ 6964.8, 6725.927273, 6414.966667, 6261.326882 ] }, { "date": "2025-11-14", "close": 8438.0, "volume": 7421843, "typical_volume": 8322427.05, "trend": 6180.733333, "fair_value": 5055.185897, "relative_strength": 5.572641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.994371, "energy": 95.839525, "activity_lines": [ 7510.933333, 7063.909091, 6632.333333, 6414.290323 ] }, { "date": "2025-11-21", "close": 8024.0, "volume": 4514706, "typical_volume": 8237751.75, "trend": 6273.966667, "fair_value": 5087.358974, "relative_strength": 2.986072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.825773, "energy": 91.786118, "activity_lines": [ 7801.933333, 7287.290909, 6797.528571, 6533.210753 ] }, { "date": "2025-11-28", "close": 8537.0, "volume": 7420770, "typical_volume": 8265070.05, "trend": 6375.7, "fair_value": 5123.108974, "relative_strength": 8.669204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.48631, "energy": 94.225018, "activity_lines": [ 8166.866667, 7577.763636, 7000.704762, 6679.212903 ] }, { "date": "2025-12-05", "close": 9155.0, "volume": 5836394, "typical_volume": 8249180.9, "trend": 6464.233333, "fair_value": 5163.262821, "relative_strength": 12.812356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.152488, "energy": 96.552115, "activity_lines": [ 8585.466667, 7937.290909, 7248.580952, 6858.522581 ] }, { "date": "2025-12-12", "close": 9588.0, "volume": 9483935, "typical_volume": 8166671.9, "trend": 6582.233333, "fair_value": 5204.474359, "relative_strength": 14.095335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.772289, "energy": 96.585839, "activity_lines": [ 8977.133333, 8324.345455, 7519.919048, 7060.055914 ] }, { "date": "2025-12-19", "close": 9665.0, "volume": 4899836, "typical_volume": 7721444.75, "trend": 6706.1, "fair_value": 5245.557692, "relative_strength": 14.667709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.065591, "energy": 94.752758, "activity_lines": [ 9282.666667, 8668.163636, 7779.12381, 7258.944086 ] }, { "date": "2025-12-26", "close": 10000.0, "volume": 4877985, "typical_volume": 6534915.05, "trend": 6832.266667, "fair_value": 5288.512821, "relative_strength": 21.250387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.614505, "energy": 94.344776, "activity_lines": [ 9618.066667, 9018.636364, 8050.852381, 7471.453763 ] }, { "date": "2026-01-02", "close": 9953.0, "volume": 3968230, "typical_volume": 6361662.15, "trend": 6957.2, "fair_value": 5329.942308, "relative_strength": 18.305689, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.453525, "energy": 89.416055, "activity_lines": [ 9806.066667, 9298.163636, 8296.961905, 7672.791398 ] }, { "date": "2026-01-09", "close": 10400.0, "volume": 7798746, "typical_volume": 6445260.05, "trend": 7097.266667, "fair_value": 5372.089744, "relative_strength": 18.930851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.584733, "energy": 80.462312, "activity_lines": [ 10048.666667, 9591.672727, 8566.428571, 7894.907527 ] }, { "date": "2026-01-16", "close": 10150.0, "volume": 8954691, "typical_volume": 6404530.45, "trend": 7234.1, "fair_value": 5414.371795, "relative_strength": 13.264735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.29385, "energy": 68.328766, "activity_lines": [ 10124.933333, 9770.381818, 8792.366667, 8091.858065 ] }, { "date": "2026-01-23", "close": 9960.0, "volume": 7451430, "typical_volume": 6574180.65, "trend": 7374.033333, "fair_value": 5456.044872, "relative_strength": 11.276206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.273518, "energy": 65.88853, "activity_lines": [ 10100.4, 9873.836364, 8980.457143, 8267.722581 ] }, { "date": "2026-01-30", "close": 10100.0, "volume": 8145930, "typical_volume": 6680539.0, "trend": 7519.366667, "fair_value": 5497.679487, "relative_strength": 12.447716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.027208, "energy": 63.449096, "activity_lines": [ 10102.866667, 9975.072727, 9164.333333, 8443.591398 ] }, { "date": "2026-02-06", "close": 10820.0, "volume": 19248554, "typical_volume": 7288385.95, "trend": 7694.566667, "fair_value": 5544.910256, "relative_strength": 18.82663, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.798976, "energy": 68.602034, "activity_lines": [ 10338.666667, 10169.472727, 9400.038095, 8656.535484 ] }, { "date": "2026-02-13", "close": 10450.0, "volume": 4399569, "typical_volume": 7364966.2, "trend": 7862.166667, "fair_value": 5588.641026, "relative_strength": 11.385796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.69887, "energy": 63.183866, "activity_lines": [ 10393.333333, 10255.090909, 9578.290476, 8834.305376 ] }, { "date": "2026-02-20", "close": 10730.0, "volume": 6349385, "typical_volume": 7459375.85, "trend": 8036.5, "fair_value": 5634.012821, "relative_strength": 12.625256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.810147, "energy": 65.606475, "activity_lines": [ 10538.0, 10368.072727, 9763.633333, 9019.326882 ] }, { "date": "2026-02-27", "close": 10610.0, "volume": 3863035, "typical_volume": 7528439.8, "trend": 8203.666667, "fair_value": 5678.628205, "relative_strength": 14.014583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.049831, "energy": 63.557183, "activity_lines": [ 10604.0, 10438.472727, 9917.119048, 9185.35914 ] }, { "date": "2026-03-06", "close": 9902.0, "volume": 7336509, "typical_volume": 7743147.65, "trend": 8348.4, "fair_value": 5720.025641, "relative_strength": 0.830998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.01049, "energy": 50.963194, "activity_lines": [ 10390.666667, 10362.963636, 9984.466667, 9294.929032 ] }, { "date": "2026-03-13", "close": 9290.0, "volume": 7473258, "typical_volume": 7812033.3, "trend": 8460.8, "fair_value": 5759.576923, "relative_strength": -1.192123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.283727, "energy": 29.801425, "activity_lines": [ 9986.533333, 10177.963636, 9977.652381, 9355.677419 ] }, { "date": "2026-03-20", "close": 9208.0, "volume": 5749646, "typical_volume": 7685759.9, "trend": 8559.1, "fair_value": 5798.480769, "relative_strength": -4.955924, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.678769, "energy": 22.733779, "activity_lines": [ 9657.066667, 9990.109091, 9948.561905, 9403.883871 ] }, { "date": "2026-03-27", "close": 9225.0, "volume": 7199437, "typical_volume": 7119694.45, "trend": 8666.533333, "fair_value": 5837.121795, "relative_strength": 0.250369, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.275369, "energy": 21.813755, "activity_lines": [ 9416.066667, 9827.018182, 9908.604762, 9446.845161 ] }, { "date": "2026-04-03", "close": 9330.0, "volume": 3328780, "typical_volume": 6915041.3, "trend": 8768.366667, "fair_value": 5875.910256, "relative_strength": -0.720966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.391163, "energy": 23.96411, "activity_lines": [ 9310.4, 9699.836364, 9872.390476, 9489.649462 ] }, { "date": "2026-04-10", "close": 9608.0, "volume": 2448555, "typical_volume": 6811733.75, "trend": 8869.166667, "fair_value": 5915.346154, "relative_strength": -3.679993, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.304187, "energy": 19.237341, "activity_lines": [ 9382.733333, 9634.654545, 9858.404762, 9543.819355 ] }, { "date": "2026-04-17", "close": 9370.0, "volume": 5075889, "typical_volume": 6694489.7, "trend": 8976.333333, "fair_value": 5955.705128, "relative_strength": -5.366586, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.253975, "energy": 14.856502, "activity_lines": [ 9395.333333, 9535.145455, 9814.209524, 9576.131183 ] }, { "date": "2026-04-24", "close": 9270.0, "volume": 3957308, "typical_volume": 6600535.4, "trend": 9074.033333, "fair_value": 5995.737179, "relative_strength": -5.467365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.273849, "energy": 11.567955, "activity_lines": [ 9369.266667, 9443.818182, 9756.52381, 9595.077419 ] }, { "date": "2026-05-01", "close": 10290.0, "volume": 7349904, "typical_volume": 6493833.85, "trend": 9202.366667, "fair_value": 6041.25, "relative_strength": 3.320281, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.460828, "energy": 20.88476, "activity_lines": [ 9679.066667, 9559.4, 9795.433333, 9673.526882 ] }, { "date": "2026-05-08", "close": 10550.0, "volume": 12630464, "typical_volume": 6880365.25, "trend": 9331.333333, "fair_value": 6089.544872, "relative_strength": 3.947377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.90816, "energy": 33.572946, "activity_lines": [ 10004.533333, 9730.254545, 9855.761905, 9760.470968 ] }, { "date": "2026-05-15", "close": 10090.0, "volume": 4244779, "typical_volume": 6848704.95, "trend": 9448.733333, "fair_value": 6134.217949, "relative_strength": 2.371249, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.23764, "energy": 31.304436, "activity_lines": [ 10095.333333, 9818.563636, 9868.066667, 9809.417204 ] }, { "date": "2026-05-22", "close": 10040.0, "volume": 2922352, "typical_volume": 6796411.05, "trend": 9575.0, "fair_value": 6180.50641, "relative_strength": 1.658857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.751319, "energy": 38.394653, "activity_lines": [ 10137.333333, 9894.363636, 9875.180952, 9847.563441 ] }, { "date": "2026-05-29", "close": 9840.0, "volume": 5945426, "typical_volume": 6703745.05, "trend": 9683.466667, "fair_value": 6226.0, "relative_strength": -1.686867, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.541195, "energy": 27.186584, "activity_lines": [ 10068.0, 9920.163636, 9862.833333, 9864.660215 ] }, { "date": "2026-06-05", "close": 99.65, "volume": 434322, "typical_volume": 6277726.6, "trend": 9423.088333, "fair_value": 6208.933654, "relative_strength": -98.940139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.004217, "energy": 92.037728, "activity_lines": [ 6713.883333, 8163.5, 8925.5, 9246.349462 ] }, { "date": "2026-06-12", "close": 101.7, "volume": 281971, "typical_volume": 5919253.65, "trend": 9145.211667, "fair_value": 6192.047115, "relative_strength": -98.915636, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.293397, "energy": 97.906021, "activity_lines": [ 4039.806667, 6573.124545, 8036.220714, 8644.96957 ] }, { "date": "2026-06-19", "close": 94.32, "volume": 1907059, "typical_volume": 5607310.1, "trend": 8880.889, "fair_value": 6175.241474, "relative_strength": -98.925761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.641603, "energy": 97.768362, "activity_lines": [ 2059.823333, 5149.194545, 7193.182857, 8061.041075 ] }, { "date": "2026-06-26", "close": 102.7, "volume": 0, "typical_volume": 4644882.4, "trend": 8599.745667, "fair_value": 6157.983141, "relative_strength": -98.774923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.722554, "energy": 93.602365, "activity_lines": [ 749.012, 3899.764182, 6398.58919, 7494.706301 ] }, { "date": "2026-07-03", "close": 104.8, "volume": 351709, "typical_volume": 4442489.4, "trend": 8298.072333, "fair_value": 6140.642115, "relative_strength": -98.757394, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.665034, "energy": 89.029936, "activity_lines": [ 101.387333, 2819.212, 5655.230286, 6946.64529 ] }, { "date": "2026-07-10", "close": 99.36, "volume": 4022062, "typical_volume": 4326123.25, "trend": 7981.784333, "fair_value": 6122.266218, "relative_strength": -98.781423, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.694182, "energy": 89.01969, "activity_lines": [ 100.962667, 1904.310727, 4960.616143, 6417.696108 ] }, { "date": "2026-07-17", "close": 97.35, "volume": 4030881, "typical_volume": 4334515.55, "trend": 7662.862667, "fair_value": 6102.832564, "relative_strength": -98.810345, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.686271, "energy": 84.007582, "activity_lines": [ 99.887333, 1174.328364, 4316.432667, 5909.022925 ] }, { "date": "2026-07-24", "close": 95.8, "volume": 4433789, "typical_volume": 4189379.55, "trend": 7332.722667, "fair_value": 6083.254359, "relative_strength": -98.840095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.608855, "energy": 68.753052, "activity_lines": [ 98.585333, 634.112364, 3722.16181, 5420.825333 ] }, { "date": "2026-07-31", "close": 108.7, "volume": 6855182, "typical_volume": 4158475.75, "trend": 7004.579333, "fair_value": 6061.976795, "relative_strength": -98.626163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.137488, "energy": 68.090815, "activity_lines": [ 101.484667, 277.954545, 3175.815714, 4954.759355 ] }, { "date": "2026-08-07", "close": 105.0, "volume": 6090573, "typical_volume": 4175522.1, "trend": 6661.412667, "fair_value": 6039.419103, "relative_strength": -98.65375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.677947, "energy": 64.167689, "activity_lines": [ 102.750667, 101.693091, 2672.837714, 4509.625204 ] } ], "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." } } }