{ "ticker": { "uuid": "418b98fa-9073-4b8d-8c85-0e942407cc33", "symbol": "FNX", "name": "FIRST TRUST MID CAP CORE ALPHADEX FUND", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 89.86, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 70.849, "architecture_energy": 49.756, "architecture_maturity": 51.21, "architecture_confidence": 56.319, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 20.38, "rotation_up": 47.88, "upward_expansion": 75.56, "deceleration": 68.48, "rotation_down": 25.24, "downward_expansion": 6.9 }, "activity_lines": [ 144.428953, 143.968463, 141.940511, 139.592951 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 146.7634, "trend_reference": 137.165986, "distance_from_trend": 0.069969, "trend_direction": "Improving", "fair_value": 115.187638, "distance_from_fair_value": 0.274125, "fair_value_direction": "Improving", "relative_strength": -2.507562, "relative_strength_direction": "Improving", "price_momentum": 0.069377, "excess_performance": -0.118077, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069969, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04436, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.274125, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.022192, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.025076, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.047857, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.069377, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.094769, "read": "Demand-led" } ], "volume": { "latest": 70212, "relative_activity": 0.676644, "balance": 1.094769, "dry_up": 0.576326, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.026066, "annualized_volatility": 0.13639, "from_high_reference": -0.005398, "from_low_reference": 0.269463 }, "levels": { "trend_reference": 137.165986, "fair_value_reference": 115.187638, "structural_low": 124.1746, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 34, "median_return": 0.008564, "positive_rate": 0.617647, "directional_follow_through": 0.617647, "median_excess_return": -0.006951, "regime_survival": 0.764706, "best_return": 0.069775, "worst_return": -0.08766, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.005662, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.006284, "regime_survival": 0.272727, "best_return": 0.087034, "worst_return": -0.084573, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.059652, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.076269, "regime_survival": 0.714286, "best_return": 0.182594, "worst_return": 0.028263, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.141971, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.033253, "regime_survival": 0.5, "best_return": 0.264639, "worst_return": -0.133848, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-06-21", "tenure": "Developing", "return": -0.024463, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-28", "end": "2024-07-19", "tenure": "New", "return": 0.03689, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2024-12-27", "tenure": "Established", "return": 0.016383, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": -0.012631, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-07", "tenure": "New", "return": -0.04225, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-03-21", "tenure": "New", "return": 0.010534, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-05-30", "tenure": "Developing", "return": 0.023843, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.01912, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": -0.025737, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-10-31", "tenure": "Established", "return": 0.065931, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": 0.045347, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-13", "tenure": "Established", "return": -0.005851, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.102914, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.065074, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 92.236483, "volume": 119133, "typical_volume": 187123.85, "trend": 89.825359, "fair_value": 87.442556, "relative_strength": -9.657251, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.615109, "energy": 45.243695, "activity_lines": [ 94.70902, 94.548025, 92.142714, 90.699488 ] }, { "date": "2023-08-25", "close": 91.509525, "volume": 154867, "typical_volume": 186615.8, "trend": 89.814436, "fair_value": 87.618019, "relative_strength": -11.596533, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.961566, "energy": 26.04647, "activity_lines": [ 93.415784, 94.132965, 92.282465, 90.808144 ] }, { "date": "2023-09-01", "close": 95.309094, "volume": 84839, "typical_volume": 182026.15, "trend": 89.829581, "fair_value": 87.82664, "relative_strength": -11.019343, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.564065, "energy": 25.731, "activity_lines": [ 93.706348, 94.400537, 92.751259, 91.162638 ] }, { "date": "2023-09-08", "close": 92.284947, "volume": 85985, "typical_volume": 179938.2, "trend": 89.826831, "fair_value": 88.027168, "relative_strength": -12.439378, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.850453, "energy": 24.17504, "activity_lines": [ 93.122623, 94.001066, 92.888357, 91.321048 ] }, { "date": "2023-09-15", "close": 91.829386, "volume": 112955, "typical_volume": 178156.65, "trend": 89.772582, "fair_value": 88.216859, "relative_strength": -12.196389, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.602544, "energy": 21.096037, "activity_lines": [ 92.631302, 93.538327, 92.955917, 91.450246 ] }, { "date": "2023-09-22", "close": 88.725759, "volume": 114489, "typical_volume": 174154.25, "trend": 89.70036, "fair_value": 88.397258, "relative_strength": -12.008906, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.729556, "energy": 11.807159, "activity_lines": [ 91.328593, 92.524686, 92.702901, 91.382709 ] }, { "date": "2023-09-29", "close": 89.503202, "volume": 90962, "typical_volume": 170863.95, "trend": 89.594924, "fair_value": 88.565502, "relative_strength": -11.081532, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.973964, "energy": 20.778565, "activity_lines": [ 90.519079, 91.768816, 92.507908, 91.369989 ] }, { "date": "2023-10-06", "close": 87.365232, "volume": 113323, "typical_volume": 169234.6, "trend": 89.648634, "fair_value": 88.696607, "relative_strength": -14.393594, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.46405, "energy": 43.256908, "activity_lines": [ 89.130664, 90.747233, 92.08479, 91.226138 ] }, { "date": "2023-10-13", "close": 87.083409, "volume": 121543, "typical_volume": 169473.4, "trend": 89.812815, "fair_value": 88.825543, "relative_strength": -14.41206, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.740994, "energy": 58.410992, "activity_lines": [ 88.177899, 89.855323, 91.627537, 91.060639 ] }, { "date": "2023-10-20", "close": 85.246698, "volume": 127026, "typical_volume": 169919.65, "trend": 89.890213, "fair_value": 88.941578, "relative_strength": -13.354969, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.105096, "energy": 65.05271, "activity_lines": [ 86.959666, 88.790655, 90.988854, 90.766051 ] }, { "date": "2023-10-27", "close": 82.865777, "volume": 206330, "typical_volume": 171810.25, "trend": 89.752198, "fair_value": 89.066913, "relative_strength": -13.105505, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.649496, "energy": 75.022618, "activity_lines": [ 85.386638, 87.473637, 90.135342, 90.312862 ] }, { "date": "2023-11-03", "close": 88.677849, "volume": 187524, "typical_volume": 175157.05, "trend": 89.887549, "fair_value": 89.20298, "relative_strength": -12.203926, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.068857, "energy": 49.921687, "activity_lines": [ 86.141633, 87.383737, 89.868248, 90.243549 ] }, { "date": "2023-11-10", "close": 86.57807, "volume": 405414, "typical_volume": 191008.3, "trend": 89.902293, "fair_value": 89.304976, "relative_strength": -16.222639, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.259099, "energy": 36.701822, "activity_lines": [ 86.251725, 86.963543, 89.412513, 90.030034 ] }, { "date": "2023-11-17", "close": 90.484725, "volume": 107171, "typical_volume": 167541.5, "trend": 90.025336, "fair_value": 89.422461, "relative_strength": -13.720094, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.955808, "energy": 17.022573, "activity_lines": [ 87.716514, 87.412396, 89.339721, 90.06761 ] }, { "date": "2023-11-24", "close": 90.970627, "volume": 47276, "typical_volume": 157667.95, "trend": 90.171668, "fair_value": 89.529116, "relative_strength": -13.541489, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -23.659813, "energy": 20.63124, "activity_lines": [ 89.116515, 87.982326, 89.326902, 90.128597 ] }, { "date": "2023-12-01", "close": 94.673203, "volume": 139480, "typical_volume": 150296.85, "trend": 90.48204, "fair_value": 89.648844, "relative_strength": -9.698102, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 20.848622, "energy": 26.309749, "activity_lines": [ 91.369112, 89.241066, 89.674306, 90.419018 ] }, { "date": "2023-12-08", "close": 95.197977, "volume": 170352, "typical_volume": 152697.7, "trend": 90.843433, "fair_value": 89.769313, "relative_strength": -9.307058, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.779818, "energy": 39.692555, "activity_lines": [ 93.009473, 90.487084, 90.073858, 90.723272 ] }, { "date": "2023-12-15", "close": 100.173617, "volume": 192870, "typical_volume": 155039.9, "trend": 91.321446, "fair_value": 89.910287, "relative_strength": -7.254713, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.005723, "energy": 70.74717, "activity_lines": [ 95.873705, 92.534222, 90.952379, 91.32522 ] }, { "date": "2023-12-22", "close": 101.873691, "volume": 131799, "typical_volume": 151510.45, "trend": 91.859987, "fair_value": 90.056521, "relative_strength": -6.096424, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.565276, "energy": 86.126216, "activity_lines": [ 98.398259, 94.657585, 91.979201, 92.00601 ] }, { "date": "2023-12-29", "close": 101.932245, "volume": 62759, "typical_volume": 138804.85, "trend": 92.332697, "fair_value": 90.207666, "relative_strength": -5.867681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.252507, "energy": 90.462133, "activity_lines": [ 100.183066, 96.52268, 92.983387, 92.655833 ] }, { "date": "2024-01-05", "close": 99.053355, "volume": 145187, "typical_volume": 140107.55, "trend": 92.642065, "fair_value": 90.316432, "relative_strength": -5.066515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.410343, "energy": 84.415193, "activity_lines": [ 100.277469, 97.560966, 93.681223, 93.089424 ] }, { "date": "2024-01-12", "close": 98.975283, "volume": 106066, "typical_volume": 137667.5, "trend": 92.905954, "fair_value": 90.419105, "relative_strength": -7.558003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.192695, "energy": 77.425795, "activity_lines": [ 100.053838, 98.290739, 94.339162, 93.498018 ] }, { "date": "2024-01-19", "close": 99.433954, "volume": 174655, "typical_volume": 142158.3, "trend": 93.258313, "fair_value": 90.518135, "relative_strength": -9.128021, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.253434, "energy": 55.619121, "activity_lines": [ 99.731277, 98.916679, 95.005233, 93.91918 ] }, { "date": "2024-01-26", "close": 100.554672, "volume": 207396, "typical_volume": 148228.85, "trend": 93.498107, "fair_value": 90.649562, "relative_strength": -8.16517, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.540246, "energy": 52.099261, "activity_lines": [ 99.831599, 99.512644, 95.758397, 94.389913 ] }, { "date": "2024-02-02", "close": 100.204911, "volume": 181410, "typical_volume": 151651.6, "trend": 93.752736, "fair_value": 90.744679, "relative_strength": -9.063412, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.454094, "energy": 50.734789, "activity_lines": [ 99.903268, 99.861925, 96.438871, 94.82261 ] }, { "date": "2024-02-09", "close": 101.580923, "volume": 246944, "typical_volume": 158274.35, "trend": 93.96781, "fair_value": 90.832906, "relative_strength": -8.979635, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.498427, "energy": 54.297828, "activity_lines": [ 100.548764, 100.293495, 97.21051, 95.327654 ] }, { "date": "2024-02-16", "close": 102.673925, "volume": 158573, "typical_volume": 161654.9, "trend": 94.181318, "fair_value": 90.9282, "relative_strength": -6.092317, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.006152, "energy": 63.882197, "activity_lines": [ 101.39009, 100.798197, 98.02503, 95.889339 ] }, { "date": "2024-02-23", "close": 103.269221, "volume": 97712, "typical_volume": 160874.35, "trend": 94.379776, "fair_value": 91.043035, "relative_strength": -6.343519, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.700775, "energy": 67.158561, "activity_lines": [ 102.183271, 101.275209, 98.833526, 96.475655 ] }, { "date": "2024-03-01", "close": 105.845585, "volume": 99481, "typical_volume": 159771.25, "trend": 94.709668, "fair_value": 91.170396, "relative_strength": -5.377014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.954504, "energy": 84.81059, "activity_lines": [ 103.579556, 102.164366, 99.811657, 97.215385 ] }, { "date": "2024-03-08", "close": 106.489675, "volume": 81310, "typical_volume": 157485.45, "trend": 95.086767, "fair_value": 91.274847, "relative_strength": -2.950833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.319001, "energy": 86.555457, "activity_lines": [ 104.83781, 103.098415, 100.761787, 97.975385 ] }, { "date": "2024-03-15", "close": 105.689441, "volume": 90920, "typical_volume": 151714.95, "trend": 95.535199, "fair_value": 91.379914, "relative_strength": -2.342613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.906803, "energy": 84.881179, "activity_lines": [ 105.410335, 103.804104, 101.534547, 98.659429 ] }, { "date": "2024-03-22", "close": 108.252848, "volume": 126671, "typical_volume": 148672.3, "trend": 96.09331, "fair_value": 91.506234, "relative_strength": -2.698578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.732525, "energy": 88.629109, "activity_lines": [ 106.563428, 104.855211, 102.442756, 99.479922 ] }, { "date": "2024-03-29", "close": 110.803769, "volume": 106259, "typical_volume": 133714.55, "trend": 96.609799, "fair_value": 91.641102, "relative_strength": 0.306687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.970825, "energy": 88.299274, "activity_lines": [ 108.1949, 106.201439, 103.500696, 100.428984 ] }, { "date": "2024-04-05", "close": 108.145338, "volume": 224921, "typical_volume": 139602.05, "trend": 97.138479, "fair_value": 91.753727, "relative_strength": -1.142673, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.98019, "energy": 72.863307, "activity_lines": [ 108.437924, 106.857592, 104.190092, 101.173212 ] }, { "date": "2024-04-12", "close": 105.154604, "volume": 172492, "typical_volume": 145862.85, "trend": 97.582653, "fair_value": 91.837356, "relative_strength": -3.152165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.846984, "energy": 58.373652, "activity_lines": [ 107.530721, 106.831963, 104.510558, 101.690382 ] }, { "date": "2024-04-19", "close": 102.848025, "volume": 143105, "typical_volume": 146044.1, "trend": 98.053395, "fair_value": 91.903104, "relative_strength": 0.336763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.899062, "energy": 39.916637, "activity_lines": [ 105.943663, 106.296962, 104.543807, 102.030083 ] }, { "date": "2024-04-26", "close": 105.389171, "volume": 166508, "typical_volume": 145851.9, "trend": 98.582927, "fair_value": 91.985478, "relative_strength": -0.88643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.775522, "energy": 24.850197, "activity_lines": [ 105.393081, 106.200948, 104.780142, 102.503359 ] }, { "date": "2024-05-03", "close": 106.171063, "volume": 211194, "typical_volume": 146768.1, "trend": 99.209788, "fair_value": 92.062944, "relative_strength": -1.005995, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.189674, "energy": 23.120815, "activity_lines": [ 105.294041, 106.197729, 105.042413, 102.992916 ] }, { "date": "2024-05-10", "close": 108.594926, "volume": 113678, "typical_volume": 145862.05, "trend": 99.926839, "fair_value": 92.166896, "relative_strength": -0.131428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.037458, "energy": 29.239887, "activity_lines": [ 106.311803, 106.582452, 105.50697, 103.598409 ] }, { "date": "2024-05-17", "close": 109.533195, "volume": 112360, "typical_volume": 148342.1, "trend": 100.736389, "fair_value": 92.283396, "relative_strength": -1.321019, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.633792, "energy": 46.587309, "activity_lines": [ 107.612349, 107.087781, 106.028879, 104.218174 ] }, { "date": "2024-05-24", "close": 108.272396, "volume": 97099, "typical_volume": 145937.7, "trend": 101.583276, "fair_value": 92.378839, "relative_strength": -3.690596, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.906608, "energy": 45.344544, "activity_lines": [ 108.200722, 107.308537, 106.394517, 104.704368 ] }, { "date": "2024-05-31", "close": 108.487416, "volume": 145392, "typical_volume": 147904.0, "trend": 102.243595, "fair_value": 92.469882, "relative_strength": -1.884816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.377312, "energy": 49.680199, "activity_lines": [ 108.499144, 107.521425, 106.736733, 105.149796 ] }, { "date": "2024-06-07", "close": 105.838759, "volume": 60721, "typical_volume": 142207.3, "trend": 102.885618, "fair_value": 92.538231, "relative_strength": -6.620408, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.324873, "energy": 35.618711, "activity_lines": [ 107.708131, 107.248474, 106.781401, 105.381742 ] }, { "date": "2024-06-14", "close": 104.304297, "volume": 63752, "typical_volume": 135025.1, "trend": 103.34627, "fair_value": 92.623572, "relative_strength": -10.870787, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.853351, "energy": 12.94389, "activity_lines": [ 106.427784, 106.786802, 106.64943, 105.47327 ] }, { "date": "2024-06-21", "close": 105.623739, "volume": 61806, "typical_volume": 129044.9, "trend": 103.834707, "fair_value": 92.691878, "relative_strength": -9.741466, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.012479, "energy": 16.471617, "activity_lines": [ 105.873293, 106.634867, 106.625264, 105.620203 ] }, { "date": "2024-06-28", "close": 106.410571, "volume": 73454, "typical_volume": 120370.4, "trend": 104.225953, "fair_value": 92.766319, "relative_strength": -8.779606, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.72156, "energy": 14.503452, "activity_lines": [ 105.841709, 106.617461, 106.650231, 105.786388 ] }, { "date": "2024-07-05", "close": 104.953053, "volume": 207873, "typical_volume": 122835.4, "trend": 104.551122, "fair_value": 92.835235, "relative_strength": -12.825017, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.060204, "energy": 12.530139, "activity_lines": [ 105.448408, 106.27028, 106.513389, 105.833298 ] }, { "date": "2024-07-12", "close": 109.835959, "volume": 274166, "typical_volume": 131658.1, "trend": 104.8732, "fair_value": 92.958357, "relative_strength": -8.298964, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.524851, "energy": 22.466112, "activity_lines": [ 106.918366, 106.818828, 106.830732, 106.174255 ] }, { "date": "2024-07-19", "close": 110.336015, "volume": 200594, "typical_volume": 136713.75, "trend": 105.155278, "fair_value": 93.070929, "relative_strength": -3.888516, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.942957, "energy": 46.560136, "activity_lines": [ 108.28853, 107.391662, 107.16443, 106.526695 ] }, { "date": "2024-07-26", "close": 112.875518, "volume": 155733, "typical_volume": 140434.9, "trend": 105.520054, "fair_value": 93.1931, "relative_strength": 1.023646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.858502, "energy": 69.070149, "activity_lines": [ 110.10308, 108.394567, 107.718602, 107.024775 ] }, { "date": "2024-08-02", "close": 107.757292, "volume": 121741, "typical_volume": 141975.95, "trend": 105.810185, "fair_value": 93.276052, "relative_strength": -0.345835, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.820052, "energy": 54.779411, "activity_lines": [ 109.728103, 108.406116, 107.754915, 107.169113 ] }, { "date": "2024-08-09", "close": 107.26704, "volume": 133957, "typical_volume": 142340.25, "trend": 106.086577, "fair_value": 93.351863, "relative_strength": -0.979004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.515681, "energy": 42.683941, "activity_lines": [ 109.099927, 108.337894, 107.73469, 107.263103 ] }, { "date": "2024-08-16", "close": 110.473286, "volume": 87739, "typical_volume": 141414.25, "trend": 106.454554, "fair_value": 93.461437, "relative_strength": -3.097331, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.021464, "energy": 32.942296, "activity_lines": [ 109.386234, 108.874814, 108.024517, 107.546117 ] }, { "date": "2024-08-23", "close": 113.46382, "volume": 80377, "typical_volume": 134187.05, "trend": 106.884859, "fair_value": 93.567638, "relative_strength": -1.372387, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.613695, "energy": 37.213537, "activity_lines": [ 110.626898, 109.871204, 108.60073, 107.998327 ] }, { "date": "2024-08-30", "close": 113.806996, "volume": 126657, "typical_volume": 131895.3, "trend": 107.338262, "fair_value": 93.674888, "relative_strength": -0.177573, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.676996, "energy": 49.509449, "activity_lines": [ 111.773433, 110.763452, 109.1843, 108.444917 ] }, { "date": "2024-09-06", "close": 107.882502, "volume": 65442, "typical_volume": 128012.15, "trend": 107.548315, "fair_value": 93.760704, "relative_strength": 0.51475, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.815496, "energy": 36.859221, "activity_lines": [ 110.883038, 110.429733, 109.162431, 108.480029 ] }, { "date": "2024-09-13", "close": 111.267493, "volume": 78473, "typical_volume": 123610.4, "trend": 107.834767, "fair_value": 93.869248, "relative_strength": -2.023316, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.930221, "energy": 37.65283, "activity_lines": [ 111.112626, 110.684705, 109.438968, 108.719976 ] }, { "date": "2024-09-20", "close": 114.522763, "volume": 104163, "typical_volume": 118258.85, "trend": 108.209885, "fair_value": 93.994293, "relative_strength": -0.545993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.332284, "energy": 39.577107, "activity_lines": [ 112.160607, 111.416736, 109.99754, 109.15146 ] }, { "date": "2024-09-27", "close": 115.05676, "volume": 75266, "typical_volume": 116338.25, "trend": 108.516924, "fair_value": 94.129261, "relative_strength": -0.984852, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.797097, "energy": 38.530515, "activity_lines": [ 113.116622, 112.160643, 110.567197, 109.593194 ] }, { "date": "2024-10-04", "close": 115.273366, "volume": 173456, "typical_volume": 119393.05, "trend": 108.809714, "fair_value": 94.260914, "relative_strength": -0.877362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.357173, "energy": 56.669806, "activity_lines": [ 114.038643, 112.858101, 111.126714, 110.029093 ] }, { "date": "2024-10-11", "close": 115.795187, "volume": 44051, "typical_volume": 116740.65, "trend": 109.146572, "fair_value": 94.385775, "relative_strength": -1.605426, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.254202, "energy": 64.771188, "activity_lines": [ 115.036847, 113.606838, 111.708593, 110.479769 ] }, { "date": "2024-10-18", "close": 117.478801, "volume": 61449, "typical_volume": 112543.5, "trend": 109.454104, "fair_value": 94.50902, "relative_strength": -0.363049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.934871, "energy": 70.094823, "activity_lines": [ 116.068742, 114.515544, 112.414994, 111.017332 ] }, { "date": "2024-10-25", "close": 114.318333, "volume": 120590, "typical_volume": 115536.95, "trend": 109.571256, "fair_value": 94.616386, "relative_strength": -3.125367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.222585, "energy": 54.829243, "activity_lines": [ 115.633061, 114.66395, 112.777582, 111.331153 ] }, { "date": "2024-11-01", "close": 113.41253, "volume": 65701, "typical_volume": 115634.4, "trend": 109.746829, "fair_value": 94.692703, "relative_strength": -2.25728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.685201, "energy": 39.452878, "activity_lines": [ 114.909075, 114.577755, 113.013524, 111.578977 ] }, { "date": "2024-11-08", "close": 121.328466, "volume": 95944, "typical_volume": 117341.3, "trend": 110.285958, "fair_value": 94.821405, "relative_strength": -0.912206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.189238, "energy": 57.562166, "activity_lines": [ 116.933349, 115.931754, 113.959992, 112.32618 ] }, { "date": "2024-11-15", "close": 118.39445, "volume": 136034, "typical_volume": 120470.3, "trend": 110.804172, "fair_value": 94.942796, "relative_strength": 0.093204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.820447, "energy": 45.926151, "activity_lines": [ 117.575945, 116.615541, 114.552246, 112.849308 ] }, { "date": "2024-11-22", "close": 123.513324, "volume": 91390, "typical_volume": 114646.15, "trend": 111.408311, "fair_value": 95.11495, "relative_strength": 2.442498, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.215372, "energy": 74.252057, "activity_lines": [ 119.751547, 118.038907, 115.574945, 113.669253 ] }, { "date": "2024-11-29", "close": 124.420014, "volume": 45278, "typical_volume": 103201.75, "trend": 112.016609, "fair_value": 95.311338, "relative_strength": 2.397877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.87374, "energy": 84.331455, "activity_lines": [ 121.827079, 119.404473, 116.595613, 114.508718 ] }, { "date": "2024-12-06", "close": 122.460721, "volume": 124429, "typical_volume": 99393.5, "trend": 112.478802, "fair_value": 95.480774, "relative_strength": -2.326173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.764492, "energy": 79.490039, "activity_lines": [ 122.576067, 120.233855, 117.360235, 115.182532 ] }, { "date": "2024-12-13", "close": 119.699693, "volume": 90369, "typical_volume": 96125.3, "trend": 112.817685, "fair_value": 95.64295, "relative_strength": -5.079307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.979584, "energy": 73.271625, "activity_lines": [ 121.801499, 120.426613, 117.804164, 115.648396 ] }, { "date": "2024-12-20", "close": 114.57013, "volume": 98635, "typical_volume": 94970.0, "trend": 113.02761, "fair_value": 95.758035, "relative_strength": -6.843361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.397506, "energy": 31.876039, "activity_lines": [ 119.425662, 119.606246, 117.727068, 115.761457 ] }, { "date": "2024-12-27", "close": 114.724709, "volume": 44727, "typical_volume": 90508.5, "trend": 113.23552, "fair_value": 95.865438, "relative_strength": -7.330024, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.442339, "energy": 19.947557, "activity_lines": [ 117.356307, 118.836257, 117.632251, 115.870947 ] }, { "date": "2025-01-03", "close": 115.805574, "volume": 84635, "typical_volume": 90353.3, "trend": 113.567747, "fair_value": 95.986854, "relative_strength": -5.525604, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.959015, "energy": 24.259215, "activity_lines": [ 116.233147, 118.312864, 117.604861, 116.036757 ] }, { "date": "2025-01-10", "close": 113.384104, "volume": 111610, "typical_volume": 91914.95, "trend": 113.870407, "fair_value": 96.092137, "relative_strength": -5.273187, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.720967, "energy": 22.325861, "activity_lines": [ 114.877126, 117.322163, 117.321464, 116.024909 ] }, { "date": "2025-01-17", "close": 118.807802, "volume": 184702, "typical_volume": 94817.2, "trend": 114.309876, "fair_value": 96.275545, "relative_strength": -3.433137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.232073, "energy": 17.592288, "activity_lines": [ 115.934113, 117.318105, 117.554988, 116.343451 ] }, { "date": "2025-01-24", "close": 119.561324, "volume": 269597, "typical_volume": 105024.95, "trend": 114.748234, "fair_value": 96.464088, "relative_strength": -4.16736, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.259048, "energy": 11.960742, "activity_lines": [ 117.301733, 117.496882, 117.836463, 116.682254 ] }, { "date": "2025-01-31", "close": 119.195632, "volume": 127670, "typical_volume": 107484.8, "trend": 115.222987, "fair_value": 96.640395, "relative_strength": -3.064475, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.706795, "energy": 20.231126, "activity_lines": [ 118.21471, 117.587953, 118.027497, 116.969183 ] }, { "date": "2025-02-07", "close": 118.063966, "volume": 87565, "typical_volume": 106654.9, "trend": 115.497254, "fair_value": 96.804317, "relative_strength": -4.037583, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.208814, "energy": 25.829129, "activity_lines": [ 118.452403, 117.551771, 118.073, 117.152472 ] }, { "date": "2025-02-14", "close": 118.523551, "volume": 121337, "typical_volume": 108958.45, "trend": 115.770172, "fair_value": 96.975033, "relative_strength": -6.239955, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.440686, "energy": 25.427453, "activity_lines": [ 118.692731, 117.714713, 118.14541, 117.347717 ] }, { "date": "2025-02-21", "close": 114.342808, "volume": 70014, "typical_volume": 103786.35, "trend": 115.819081, "fair_value": 97.114369, "relative_strength": -7.316475, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.224169, "energy": 5.695719, "activity_lines": [ 117.196849, 117.189106, 117.803146, 117.255629 ] }, { "date": "2025-02-28", "close": 113.690494, "volume": 152932, "typical_volume": 109230.4, "trend": 116.016855, "fair_value": 97.258867, "relative_strength": -4.478148, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.662167, "energy": 25.217148, "activity_lines": [ 115.781195, 116.642294, 117.403187, 117.1183 ] }, { "date": "2025-03-07", "close": 108.887088, "volume": 194726, "typical_volume": 115894.25, "trend": 116.070856, "fair_value": 97.382405, "relative_strength": -5.291144, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -49.15222, "energy": 56.837489, "activity_lines": [ 113.155794, 115.238129, 116.555784, 116.658315 ] }, { "date": "2025-03-14", "close": 106.72259, "volume": 379244, "typical_volume": 128826.95, "trend": 115.945833, "fair_value": 97.462574, "relative_strength": -4.649734, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.806468, "energy": 71.306636, "activity_lines": [ 110.49613, 113.546557, 115.543151, 116.055202 ] }, { "date": "2025-03-21", "close": 107.846844, "volume": 108970, "typical_volume": 130990.4, "trend": 115.758601, "fair_value": 97.547878, "relative_strength": -3.728273, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.995925, "energy": 82.800846, "activity_lines": [ 108.967309, 112.22454, 114.67376, 115.532686 ] }, { "date": "2025-03-28", "close": 107.198459, "volume": 88093, "typical_volume": 130597.85, "trend": 115.538316, "fair_value": 97.631902, "relative_strength": -1.839833, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.1962, "energy": 83.282056, "activity_lines": [ 107.934141, 110.885313, 113.769122, 114.980419 ] }, { "date": "2025-04-04", "close": 97.391003, "volume": 298368, "typical_volume": 138714.55, "trend": 115.188599, "fair_value": 97.670063, "relative_strength": -0.922046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.176886, "energy": 91.883393, "activity_lines": [ 104.10811, 107.973991, 111.997725, 113.809625 ] }, { "date": "2025-04-11", "close": 99.283149, "volume": 246510, "typical_volume": 146470.55, "trend": 114.789121, "fair_value": 97.713532, "relative_strength": -5.871776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.437179, "energy": 85.052616, "activity_lines": [ 101.999427, 105.809792, 110.50655, 112.783466 ] }, { "date": "2025-04-18", "close": 100.194549, "volume": 202319, "typical_volume": 154322.6, "trend": 114.311514, "fair_value": 97.773702, "relative_strength": -2.611463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.319336, "energy": 80.656363, "activity_lines": [ 100.834807, 104.173347, 109.217556, 111.841881 ] }, { "date": "2025-04-25", "close": 103.691551, "volume": 340801, "typical_volume": 165141.2, "trend": 113.932674, "fair_value": 97.873905, "relative_strength": -5.072868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.965577, "energy": 59.871648, "activity_lines": [ 101.271058, 103.497619, 108.37697, 111.156722 ] }, { "date": "2025-05-02", "close": 106.980515, "volume": 144382, "typical_volume": 167841.85, "trend": 113.656245, "fair_value": 97.993724, "relative_strength": -5.112955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.320816, "energy": 46.947058, "activity_lines": [ 103.080648, 103.689558, 107.938995, 110.708196 ] }, { "date": "2025-05-09", "close": 107.574907, "volume": 147370, "typical_volume": 170278.6, "trend": 113.382236, "fair_value": 98.128791, "relative_strength": -4.204372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.987016, "energy": 29.995657, "activity_lines": [ 105.1029, 104.123427, 107.618196, 110.315851 ] }, { "date": "2025-05-16", "close": 112.785736, "volume": 170166, "typical_volume": 176550.55, "trend": 113.225801, "fair_value": 98.308028, "relative_strength": -5.805721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.129388, "energy": 21.532525, "activity_lines": [ 108.183167, 105.615913, 107.826978, 110.277368 ] }, { "date": "2025-05-23", "close": 108.961819, "volume": 84901, "typical_volume": 176563.85, "trend": 113.04725, "fair_value": 98.424092, "relative_strength": -6.619774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.302527, "energy": 24.872233, "activity_lines": [ 109.088623, 106.342256, 107.68081, 110.002272 ] }, { "date": "2025-05-30", "close": 109.754341, "volume": 56324, "typical_volume": 173799.55, "trend": 112.92531, "fair_value": 98.547194, "relative_strength": -7.490312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.434202, "energy": 22.133363, "activity_lines": [ 109.673768, 107.171981, 107.642709, 109.789826 ] }, { "date": "2025-06-06", "close": 111.795084, "volume": 147614, "typical_volume": 171945.15, "trend": 112.607531, "fair_value": 98.710048, "relative_strength": -7.544339, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.177781, "energy": 16.67465, "activity_lines": [ 110.534975, 108.338069, 107.81625, 109.716908 ] }, { "date": "2025-06-13", "close": 110.606302, "volume": 63286, "typical_volume": 161629.6, "trend": 112.347926, "fair_value": 98.914218, "relative_strength": -7.943093, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.83945, "energy": 14.755018, "activity_lines": [ 110.67895, 109.204439, 107.909967, 109.587797 ] }, { "date": "2025-06-20", "close": 111.37901, "volume": 45153, "typical_volume": 157503.75, "trend": 111.943449, "fair_value": 99.099818, "relative_strength": -7.199688, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.855224, "energy": 13.124083, "activity_lines": [ 110.878401, 109.971024, 108.119919, 109.525286 ] }, { "date": "2025-06-27", "close": 113.932551, "volume": 161749, "typical_volume": 161212.95, "trend": 111.593867, "fair_value": 99.310247, "relative_strength": -8.736584, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.558574, "energy": 32.238088, "activity_lines": [ 112.022814, 110.981963, 108.610287, 109.653615 ] }, { "date": "2025-07-04", "close": 117.289361, "volume": 65450, "typical_volume": 158418.6, "trend": 111.421488, "fair_value": 99.539067, "relative_strength": -7.406532, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.353737, "energy": 53.626979, "activity_lines": [ 113.954782, 112.353451, 109.440024, 110.021067 ] }, { "date": "2025-07-11", "close": 116.663199, "volume": 152773, "typical_volume": 162556.55, "trend": 111.320272, "fair_value": 99.76749, "relative_strength": -7.465903, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.93808, "energy": 61.537763, "activity_lines": [ 115.175694, 113.363857, 110.216004, 110.359241 ] }, { "date": "2025-07-18", "close": 116.807774, "volume": 104038, "typical_volume": 160111.85, "trend": 111.39486, "fair_value": 99.974667, "relative_strength": -8.3202, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.290777, "energy": 66.694106, "activity_lines": [ 116.120257, 114.224501, 110.994704, 110.713274 ] }, { "date": "2025-07-25", "close": 118.172304, "volume": 80894, "typical_volume": 154420.25, "trend": 111.50978, "fair_value": 100.164759, "relative_strength": -7.800803, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.831154, "energy": 73.085379, "activity_lines": [ 117.106232, 115.165372, 111.888515, 111.150528 ] }, { "date": "2025-08-01", "close": 114.270655, "volume": 85105, "typical_volume": 139713.3, "trend": 111.458616, "fair_value": 100.33358, "relative_strength": -8.561271, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.481464, "energy": 56.764889, "activity_lines": [ 116.338771, 115.298914, 112.366525, 111.328649 ] }, { "date": "2025-08-08", "close": 116.051633, "volume": 74000, "typical_volume": 137964.8, "trend": 111.547533, "fair_value": 100.487638, "relative_strength": -10.189987, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.485137, "energy": 48.040271, "activity_lines": [ 116.14243, 115.659745, 112.978208, 111.624973 ] }, { "date": "2025-08-15", "close": 119.013443, "volume": 63526, "typical_volume": 136736.45, "trend": 111.554388, "fair_value": 100.669177, "relative_strength": -8.125243, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.927469, "energy": 52.950303, "activity_lines": [ 117.015873, 116.444592, 113.832898, 112.106645 ] }, { "date": "2025-08-22", "close": 122.454555, "volume": 127112, "typical_volume": 128173.65, "trend": 111.650829, "fair_value": 100.889057, "relative_strength": -4.387818, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.226943, "energy": 63.351224, "activity_lines": [ 118.879671, 117.723852, 114.959052, 112.809881 ] }, { "date": "2025-08-29", "close": 122.969605, "volume": 132982, "typical_volume": 122497.25, "trend": 111.776628, "fair_value": 101.135809, "relative_strength": -3.516696, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.585774, "energy": 85.182956, "activity_lines": [ 120.5387, 118.881335, 116.014907, 113.540125 ] }, { "date": "2025-09-05", "close": 124.149146, "volume": 54937, "typical_volume": 115128.15, "trend": 111.979468, "fair_value": 101.366911, "relative_strength": -3.329757, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.493647, "energy": 89.82642, "activity_lines": [ 122.271089, 120.042542, 117.070307, 114.338352 ] }, { "date": "2025-09-12", "close": 124.265719, "volume": 53618, "typical_volume": 100769.0, "trend": 112.170873, "fair_value": 101.627454, "relative_strength": -4.793757, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.688788, "energy": 88.46433, "activity_lines": [ 123.38377, 121.039188, 118.02274, 115.131013 ] }, { "date": "2025-09-19", "close": 125.039436, "volume": 53477, "typical_volume": 96223.75, "trend": 112.527427, "fair_value": 101.928281, "relative_strength": -5.984865, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.009492, "energy": 84.972786, "activity_lines": [ 124.206751, 122.049667, 118.950888, 115.961243 ] }, { "date": "2025-09-26", "close": 124.623111, "volume": 70443, "typical_volume": 92377.4, "trend": 112.891848, "fair_value": 102.233207, "relative_strength": -5.641925, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.719386, "energy": 70.65233, "activity_lines": [ 124.489224, 122.832155, 119.753391, 116.74161 ] }, { "date": "2025-10-03", "close": 126.204093, "volume": 112564, "typical_volume": 89497.3, "trend": 113.469081, "fair_value": 102.531716, "relative_strength": -5.352397, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.529565, "energy": 65.792366, "activity_lines": [ 125.15412, 123.759997, 120.625282, 117.600464 ] }, { "date": "2025-10-10", "close": 121.067119, "volume": 98172, "typical_volume": 90160.85, "trend": 113.947232, "fair_value": 102.801048, "relative_strength": -6.85006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.791237, "energy": 51.438796, "activity_lines": [ 123.891059, 123.607811, 120.94404, 118.09066 ] }, { "date": "2025-10-17", "close": 123.702587, "volume": 61342, "typical_volume": 90411.75, "trend": 114.475757, "fair_value": 103.073122, "relative_strength": -6.819921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.666754, "energy": 40.52856, "activity_lines": [ 123.711957, 123.81123, 121.456151, 118.720038 ] }, { "date": "2025-10-24", "close": 125.711012, "volume": 55481, "typical_volume": 85805.1, "trend": 115.092842, "fair_value": 103.329334, "relative_strength": -7.097848, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.802627, "energy": 42.016771, "activity_lines": [ 124.239871, 124.240708, 122.093121, 119.444893 ] }, { "date": "2025-10-31", "close": 123.703084, "volume": 90721, "typical_volume": 87176.85, "trend": 115.969912, "fair_value": 103.585904, "relative_strength": -10.02716, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.869286, "energy": 32.33172, "activity_lines": [ 124.053704, 124.183334, 122.472592, 120.000392 ] }, { "date": "2025-11-07", "close": 122.57222, "volume": 146866, "typical_volume": 92262.5, "trend": 116.746214, "fair_value": 103.802232, "relative_strength": -7.729384, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.989605, "energy": 30.200266, "activity_lines": [ 123.551918, 123.897649, 122.681997, 120.426348 ] }, { "date": "2025-11-14", "close": 120.516356, "volume": 62394, "typical_volume": 87294.75, "trend": 117.423608, "fair_value": 104.013207, "relative_strength": -8.809764, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.04642, "energy": 20.332313, "activity_lines": [ 122.606968, 123.245395, 122.642304, 120.669583 ] }, { "date": "2025-11-21", "close": 119.883147, "volume": 57184, "typical_volume": 86881.45, "trend": 117.963327, "fair_value": 104.209371, "relative_strength": -6.047944, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.833217, "energy": 15.813147, "activity_lines": [ 121.487667, 122.544063, 122.510954, 120.828263 ] }, { "date": "2025-11-28", "close": 125.866455, "volume": 70817, "typical_volume": 82783.65, "trend": 118.592859, "fair_value": 104.441226, "relative_strength": -5.653486, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.564947, "energy": 20.694459, "activity_lines": [ 122.61743, 123.010288, 122.937092, 121.338142 ] }, { "date": "2025-12-05", "close": 126.390266, "volume": 46588, "typical_volume": 79911.15, "trend": 119.220037, "fair_value": 104.7029, "relative_strength": -5.937703, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.670872, "energy": 28.372444, "activity_lines": [ 123.911435, 123.556715, 123.369291, 121.8412 ] }, { "date": "2025-12-12", "close": 128.130471, "volume": 60114, "typical_volume": 78872.15, "trend": 119.731529, "fair_value": 104.984528, "relative_strength": -2.642543, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 64.027057, "energy": 45.55655, "activity_lines": [ 125.606362, 124.387412, 123.921594, 122.416067 ] }, { "date": "2025-12-19", "close": 127.39867, "volume": 52434, "typical_volume": 77238.6, "trend": 120.34609, "fair_value": 105.257537, "relative_strength": -3.601759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.69179, "energy": 61.678235, "activity_lines": [ 126.686806, 125.05003, 124.356781, 122.910721 ] }, { "date": "2025-12-26", "close": 128.060642, "volume": 43166, "typical_volume": 75696.9, "trend": 120.9563, "fair_value": 105.535656, "relative_strength": -4.153748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.631098, "energy": 66.495374, "activity_lines": [ 127.529086, 125.717887, 124.792498, 123.408434 ] }, { "date": "2026-01-02", "close": 127.5086, "volume": 79658, "typical_volume": 76503.5, "trend": 121.480084, "fair_value": 105.797999, "relative_strength": -2.746755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.014999, "energy": 61.454736, "activity_lines": [ 127.642186, 126.206136, 125.118455, 123.831163 ] }, { "date": "2026-01-09", "close": 132.435682, "volume": 108650, "typical_volume": 75580.4, "trend": 122.20773, "fair_value": 106.069061, "relative_strength": -1.051044, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.645236, "energy": 71.652798, "activity_lines": [ 129.28817, 127.557534, 125.873204, 124.537976 ] }, { "date": "2026-01-16", "close": 134.136699, "volume": 104760, "typical_volume": 74169.3, "trend": 122.96632, "fair_value": 106.352262, "relative_strength": 1.207334, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.453104, "energy": 80.83828, "activity_lines": [ 131.098132, 129.059434, 126.742426, 125.307587 ] }, { "date": "2026-01-23", "close": 133.788655, "volume": 175602, "typical_volume": 80202.55, "trend": 123.62819, "fair_value": 106.621182, "relative_strength": 0.817404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.476247, "energy": 80.147285, "activity_lines": [ 132.391664, 130.28779, 127.525324, 126.005802 ] }, { "date": "2026-01-30", "close": 132.085144, "volume": 83155, "typical_volume": 81679.4, "trend": 124.121383, "fair_value": 106.859838, "relative_strength": -0.177448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.522755, "energy": 76.96662, "activity_lines": [ 132.69136, 130.965102, 128.10008, 126.551412 ] }, { "date": "2026-02-06", "close": 137.241961, "volume": 201782, "typical_volume": 89094.65, "trend": 124.807341, "fair_value": 107.147495, "relative_strength": 5.815936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.519561, "energy": 82.609827, "activity_lines": [ 134.441695, 132.358162, 129.128727, 127.397901 ] }, { "date": "2026-02-13", "close": 136.058472, "volume": 97968, "typical_volume": 90470.9, "trend": 125.449031, "fair_value": 107.420582, "relative_strength": 6.205579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.380154, "energy": 71.57706, "activity_lines": [ 135.148643, 133.329215, 129.986553, 128.123781 ] }, { "date": "2026-02-20", "close": 137.24655, "volume": 95516, "typical_volume": 89618.5, "trend": 126.08484, "fair_value": 107.717724, "relative_strength": 5.853629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.450518, "energy": 69.730835, "activity_lines": [ 136.010098, 134.340497, 130.903075, 128.884911 ] }, { "date": "2026-02-27", "close": 135.522989, "volume": 150740, "typical_volume": 92246.9, "trend": 126.793251, "fair_value": 107.992447, "relative_strength": 4.801885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.530691, "energy": 67.433561, "activity_lines": [ 136.089708, 134.872658, 131.602866, 129.493824 ] }, { "date": "2026-03-06", "close": 129.246526, "volume": 118109, "typical_volume": 95085.25, "trend": 127.23308, "fair_value": 108.271245, "relative_strength": 1.268943, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.675328, "energy": 36.161396, "activity_lines": [ 133.961543, 134.115928, 131.63606, 129.652099 ] }, { "date": "2026-03-13", "close": 126.653204, "volume": 203281, "typical_volume": 102475.25, "trend": 127.487739, "fair_value": 108.556471, "relative_strength": 0.338181, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.211325, "energy": 16.081422, "activity_lines": [ 131.158178, 132.866124, 131.395872, 129.614688 ] }, { "date": "2026-03-20", "close": 124.713275, "volume": 237737, "typical_volume": 109826.05, "trend": 127.56303, "fair_value": 108.824346, "relative_strength": 0.882291, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.813973, "energy": 22.281294, "activity_lines": [ 128.414086, 131.279157, 130.966442, 129.43569 ] }, { "date": "2026-03-27", "close": 125.958, "volume": 233308, "typical_volume": 114148.15, "trend": 127.662643, "fair_value": 109.074037, "relative_strength": 5.341249, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.050965, "energy": 35.461047, "activity_lines": [ 126.84125, 130.058912, 130.650747, 129.33214 ] }, { "date": "2026-04-03", "close": 129.2986, "volume": 140248, "typical_volume": 118040.85, "trend": 127.834292, "fair_value": 109.360456, "relative_strength": 4.093201, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.504738, "energy": 30.325167, "activity_lines": [ 127.134517, 129.594753, 130.637081, 129.437686 ] }, { "date": "2026-04-10", "close": 133.3603, "volume": 163232, "typical_volume": 123343.25, "trend": 128.137444, "fair_value": 109.663177, "relative_strength": 2.791297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.796663, "energy": 17.868957, "activity_lines": [ 129.196644, 129.950722, 130.968424, 129.794202 ] }, { "date": "2026-04-17", "close": 137.7846, "volume": 120510, "typical_volume": 125827.9, "trend": 128.562283, "fair_value": 109.990043, "relative_strength": 0.147872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.459953, "energy": 30.605896, "activity_lines": [ 132.459285, 131.087924, 131.656952, 130.4166 ] }, { "date": "2026-04-24", "close": 137.548027, "volume": 129485, "typical_volume": 129972.75, "trend": 128.993114, "fair_value": 110.316757, "relative_strength": -2.06376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.744345, "energy": 43.915056, "activity_lines": [ 134.900976, 132.172247, 132.266196, 130.996325 ] }, { "date": "2026-05-01", "close": 137.796472, "volume": 165366, "typical_volume": 135235.35, "trend": 129.379526, "fair_value": 110.652876, "relative_strength": -3.24732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.45239, "energy": 62.831453, "activity_lines": [ 136.569831, 133.274658, 132.845969, 131.564284 ] }, { "date": "2026-05-08", "close": 138.968225, "volume": 92795, "typical_volume": 137253.4, "trend": 129.97623, "fair_value": 111.002953, "relative_strength": -7.293304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.653788, "energy": 74.360051, "activity_lines": [ 137.84004, 134.580118, 133.491309, 132.182909 ] }, { "date": "2026-05-15", "close": 135.512456, "volume": 84939, "typical_volume": 139342.05, "trend": 130.369892, "fair_value": 111.321409, "relative_strength": -9.090409, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.85755, "energy": 65.225498, "activity_lines": [ 137.313683, 135.194615, 133.752435, 132.540085 ] }, { "date": "2026-05-22", "close": 138.52324, "volume": 69837, "typical_volume": 138851.0, "trend": 130.796966, "fair_value": 111.659908, "relative_strength": -8.003047, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.315049, "energy": 52.464637, "activity_lines": [ 137.647445, 136.242601, 134.264818, 133.066108 ] }, { "date": "2026-05-29", "close": 139.987059, "volume": 91343, "typical_volume": 137985.65, "trend": 131.339765, "fair_value": 111.994755, "relative_strength": -9.458719, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.827987, "energy": 46.691441, "activity_lines": [ 138.419903, 137.340917, 134.864161, 133.659017 ] }, { "date": "2026-06-05", "close": 138.735851, "volume": 55155, "typical_volume": 135505.4, "trend": 131.878553, "fair_value": 112.308624, "relative_strength": -5.906913, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.197565, "energy": 42.421903, "activity_lines": [ 138.61269, 137.934036, 135.308383, 134.136184 ] }, { "date": "2026-06-12", "close": 143.38733, "volume": 96651, "typical_volume": 131557.85, "trend": 132.640919, "fair_value": 112.644064, "relative_strength": -4.842937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.561619, "energy": 61.761511, "activity_lines": [ 140.293344, 139.140553, 136.173702, 134.878685 ] }, { "date": "2026-06-19", "close": 142.884551, "volume": 86136, "typical_volume": 131706.9, "trend": 133.407632, "fair_value": 112.990355, "relative_strength": -7.480946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.988992, "energy": 69.108548, "activity_lines": [ 141.511799, 139.999498, 136.945429, 135.539565 ] }, { "date": "2026-06-26", "close": 145.04, "volume": 144223, "typical_volume": 128828.95, "trend": 134.046751, "fair_value": 113.321632, "relative_strength": -1.63055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.774652, "energy": 75.756206, "activity_lines": [ 142.957264, 141.077174, 137.871012, 136.29004 ] }, { "date": "2026-07-03", "close": 144.05, "volume": 84754, "typical_volume": 128168.25, "trend": 134.635408, "fair_value": 113.651657, "relative_strength": -3.050703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.713807, "energy": 75.229436, "activity_lines": [ 143.638278, 141.842934, 138.665175, 136.935411 ] }, { "date": "2026-07-10", "close": 142.65, "volume": 78110, "typical_volume": 127297.95, "trend": 135.119393, "fair_value": 113.956281, "relative_strength": -5.573625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.784444, "energy": 64.762237, "activity_lines": [ 143.581762, 142.235931, 139.28795, 137.452482 ] }, { "date": "2026-07-17", "close": 143.4226, "volume": 66220, "typical_volume": 123071.95, "trend": 135.653524, "fair_value": 114.258549, "relative_strength": -0.917579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.672302, "energy": 53.498816, "activity_lines": [ 143.521837, 142.681154, 139.958575, 137.988172 ] }, { "date": "2026-07-24", "close": 143.3395, "volume": 56021, "typical_volume": 119967.55, "trend": 136.162819, "fair_value": 114.553575, "relative_strength": 0.630781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.297212, "energy": 45.205966, "activity_lines": [ 143.43186, 143.03028, 140.583669, 138.484042 ] }, { "date": "2026-07-31", "close": 143.2759, "volume": 46757, "typical_volume": 112141.35, "trend": 136.688396, "fair_value": 114.856954, "relative_strength": 0.025476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.04108, "energy": 40.13693, "activity_lines": [ 143.290353, 143.225532, 141.135596, 138.94295 ] }, { "date": "2026-08-07", "close": 146.7634, "volume": 70212, "typical_volume": 103765.1, "trend": 137.165986, "fair_value": 115.187638, "relative_strength": -2.507562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.849252, "energy": 49.756014, "activity_lines": [ 144.428953, 143.968463, 141.940511, 139.592951 ] } ], "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." } } }