{ "ticker": { "uuid": "422993f1-3d9b-4ab1-b023-9aa951c286dc", "symbol": "KSM-F115", "name": "KSM Mutual Funds Ltd. - KSM ETF (6D) Short Leveraged NASDAQ 100 x3 Monthly", "exchange": "TLV", "country": "IL", "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": "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": -54.332, "architecture_energy": 63.782, "architecture_maturity": 75.792, "architecture_confidence": 73.33, "architecture_tenure": "Established", "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": 21.1, "rotation_up": 28.0, "upward_expansion": 22.5, "deceleration": 55.77, "rotation_down": 47.52, "downward_expansion": 67.83 }, "activity_lines": [ 2.457733, 2.415455, 70.497143, 140.589356 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 2.323, "trend_reference": 222.665168, "distance_from_trend": -0.989567, "trend_direction": "Weakening", "fair_value": 580.847148, "distance_from_fair_value": -0.996001, "fair_value_direction": "Weakening", "relative_strength": -99.304925, "relative_strength_direction": "Weakening", "price_momentum": -0.993795, "excess_performance": -1.022696, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.989567, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.351089, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.996001, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.361406, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.993049, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.440929, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.993795, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.573802, "read": "Demand-led" } ], "volume": { "latest": 5691716, "relative_activity": 1.450564, "balance": 1.573802, "dry_up": 1.246232, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 9.003179, "annualized_volatility": 6.317032, "from_high_reference": -0.994943, "from_low_reference": 0.074965 }, "levels": { "trend_reference": 222.665168, "fair_value_reference": 580.847148, "structural_low": 2.161, "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": 37, "median_return": -0.006898, "positive_rate": 0.486486, "directional_follow_through": 0.513514, "median_excess_return": -0.038734, "regime_survival": 0.864865, "best_return": 0.297619, "worst_return": -0.988458, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.10244, "positive_rate": 0.357143, "directional_follow_through": 0.642857, "median_excess_return": -0.20134, "regime_survival": 0.714286, "best_return": 0.273276, "worst_return": -0.990637, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.180973, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.226465, "regime_survival": 0.571429, "best_return": 0.549843, "worst_return": -0.992729, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.272406, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.460535, "regime_survival": 0.5, "best_return": 1.20042, "worst_return": -0.994392, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-15", "end": "2024-05-03", "tenure": "Established", "return": -0.051315, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-10", "end": "2024-05-24", "tenure": "New", "return": -0.102735, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-31", "end": "2024-08-30", "tenure": "Established", "return": -0.078056, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-11-08", "tenure": "Developing", "return": -0.154279, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2025-03-14", "tenure": "Established", "return": 0.187532, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": 0.171544, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": -0.285019, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": -0.06798, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": -0.146364, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2026-02-13", "tenure": "Extended", "return": -0.16918, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-27", "tenure": "Developing", "return": 0.117663, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": -0.120416, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.067603, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": -0.991494, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1115.0, "volume": 1621188, "typical_volume": 1540037.2, "trend": 1290.11, "fair_value": 1097.925, "relative_strength": -26.117431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.441619, "energy": 42.356083, "activity_lines": [ 1046.966667, 1033.018181, 1099.757142, 1182.432257 ] }, { "date": "2023-08-25", "close": 1080.0, "volume": 1546090, "typical_volume": 1592184.9, "trend": 1274.076666, "fair_value": 1104.700641, "relative_strength": -28.747974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.574819, "energy": 31.387192, "activity_lines": [ 1065.866667, 1041.939999, 1090.212856, 1168.876774 ] }, { "date": "2023-09-01", "close": 1036.0, "volume": 1117778, "typical_volume": 1631746.85, "trend": 1262.276666, "fair_value": 1111.201282, "relative_strength": -31.529178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.45996, "energy": 30.329751, "activity_lines": [ 1061.333333, 1041.661818, 1077.706666, 1153.516989 ] }, { "date": "2023-09-08", "close": 1097.0, "volume": 1301222, "typical_volume": 1649694.55, "trend": 1251.21, "fair_value": 1118.080128, "relative_strength": -26.336203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.465986, "energy": 24.681737, "activity_lines": [ 1075.0, 1052.747272, 1072.819523, 1142.853978 ] }, { "date": "2023-09-15", "close": 1067.0, "volume": 773914, "typical_volume": 1671262.2, "trend": 1237.376666, "fair_value": 1124.755128, "relative_strength": -28.615361, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.619202, "energy": 25.88601, "activity_lines": [ 1073.733333, 1058.050909, 1066.541904, 1130.969462 ] }, { "date": "2023-09-22", "close": 1145.0, "volume": 1093588, "typical_volume": 1640682.3, "trend": 1221.776666, "fair_value": 1131.923077, "relative_strength": -23.446632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.945007, "energy": 11.802572, "activity_lines": [ 1095.733333, 1077.554545, 1069.369047, 1125.009677 ] }, { "date": "2023-09-29", "close": 1182.0, "volume": 945076, "typical_volume": 1639110.75, "trend": 1204.21, "fair_value": 1139.345513, "relative_strength": -19.460751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.793072, "energy": 18.467908, "activity_lines": [ 1128.066667, 1100.8, 1077.039047, 1122.44344 ] }, { "date": "2023-10-06", "close": 1166.0, "volume": 817468, "typical_volume": 1552607.75, "trend": 1191.41, "fair_value": 1146.667308, "relative_strength": -19.282325, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.896319, "energy": 20.472502, "activity_lines": [ 1148.266667, 1116.890909, 1083.985238, 1119.978279 ] }, { "date": "2023-10-13", "close": 1118.0, "volume": 1167074, "typical_volume": 1522446.1, "trend": 1176.376666, "fair_value": 1153.690385, "relative_strength": -16.355112, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.475856, "energy": 20.338463, "activity_lines": [ 1143.8, 1121.309091, 1086.888571, 1115.24215 ] }, { "date": "2023-10-20", "close": 1197.0, "volume": 1193374, "typical_volume": 1467717.6, "trend": 1169.676666, "fair_value": 1161.215385, "relative_strength": -7.384637, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 13.337029, "energy": 31.387196, "activity_lines": [ 1164.266667, 1138.363636, 1098.320476, 1116.572688 ] }, { "date": "2023-10-27", "close": 1335.0, "volume": 1444556, "typical_volume": 1462265.65, "trend": 1167.576666, "fair_value": 1169.613462, "relative_strength": 7.785512, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.267854, "energy": 62.704601, "activity_lines": [ 1222.066667, 1177.4, 1122.871428, 1127.238709 ] }, { "date": "2023-11-03", "close": 1194.0, "volume": 1327699, "typical_volume": 1434590.4, "trend": 1162.776666, "fair_value": 1177.130769, "relative_strength": -7.34371, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.954203, "energy": 44.962897, "activity_lines": [ 1220.2, 1186.8, 1133.098571, 1128.94344 ] }, { "date": "2023-11-10", "close": 1083.0, "volume": 1112137, "typical_volume": 1415361.3, "trend": 1151.676666, "fair_value": 1183.933974, "relative_strength": -16.22137, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.078115, "energy": 22.291429, "activity_lines": [ 1180.533333, 1173.945455, 1131.897143, 1123.796559 ] }, { "date": "2023-11-17", "close": 965.900024, "volume": 1823340, "typical_volume": 1404522.45, "trend": 1137.04, "fair_value": 1189.986539, "relative_strength": -25.30817, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -25.549443, "energy": 15.286644, "activity_lines": [ 1107.366675, 1138.945459, 1119.390955, 1111.810969 ] }, { "date": "2023-11-24", "close": 939.5, "volume": 806495, "typical_volume": 1373320.75, "trend": 1121.056667, "fair_value": 1195.878205, "relative_strength": -29.734123, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.62902, "energy": 49.772591, "activity_lines": [ 1035.540006, 1101.529095, 1104.90905, 1099.066453 ] }, { "date": "2023-12-01", "close": 955.700012, "volume": 1278272, "typical_volume": 1344140.85, "trend": 1105.513334, "fair_value": 1201.883334, "relative_strength": -27.008968, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.64211, "energy": 61.508921, "activity_lines": [ 986.280009, 1069.376369, 1092.581908, 1088.398282 ] }, { "date": "2023-12-08", "close": 952.0, "volume": 1111204, "typical_volume": 1290906.25, "trend": 1092.246667, "fair_value": 1207.862821, "relative_strength": -27.63681, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.127918, "energy": 74.99898, "activity_lines": [ 961.07334, 1039.992732, 1080.021908, 1078.494195 ] }, { "date": "2023-12-15", "close": 867.200012, "volume": 1524222, "typical_volume": 1298708.6, "trend": 1078.586668, "fair_value": 1213.30577, "relative_strength": -33.93796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.919296, "energy": 85.306488, "activity_lines": [ 923.733341, 999.372734, 1059.369052, 1063.975056 ] }, { "date": "2023-12-22", "close": 848.400024, "volume": 1080247, "typical_volume": 1253581.65, "trend": 1062.566669, "fair_value": 1218.628847, "relative_strength": -35.249523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.575322, "energy": 86.524019, "activity_lines": [ 894.513346, 960.767283, 1037.577149, 1049.124305 ] }, { "date": "2023-12-29", "close": 818.099976, "volume": 1049294, "typical_volume": 1206711.9, "trend": 1050.103335, "fair_value": 1223.760898, "relative_strength": -36.494117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.819686, "energy": 88.006229, "activity_lines": [ 863.026668, 921.55455, 1013.730956, 1033.35226 ] }, { "date": "2024-01-05", "close": 885.5, "volume": 1696552, "typical_volume": 1210480.1, "trend": 1041.386668, "fair_value": 1229.326923, "relative_strength": -30.780027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.796338, "energy": 79.31138, "activity_lines": [ 862.1, 901.485458, 997.293813, 1022.732691 ] }, { "date": "2024-01-12", "close": 874.0, "volume": 1287584, "typical_volume": 1197554.8, "trend": 1036.720001, "fair_value": 1234.821154, "relative_strength": -30.136449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.580658, "energy": 69.448936, "activity_lines": [ 862.019999, 887.498184, 980.854289, 1011.933551 ] }, { "date": "2024-01-19", "close": 865.200012, "volume": 1852496, "typical_volume": 1234290.7, "trend": 1030.526668, "fair_value": 1240.261539, "relative_strength": -28.963054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.142852, "energy": 55.775801, "activity_lines": [ 864.206669, 877.729095, 964.557623, 1000.867745 ] }, { "date": "2024-01-26", "close": 780.599976, "volume": 2204739, "typical_volume": 1279466.55, "trend": 1020.580001, "fair_value": 1245.157693, "relative_strength": -34.618167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.123239, "energy": 63.276543, "activity_lines": [ 838.32666, 856.53818, 941.017144, 984.743442 ] }, { "date": "2024-02-02", "close": 808.200012, "volume": 1821740, "typical_volume": 1331857.85, "trend": 1011.920001, "fair_value": 1250.234616, "relative_strength": -31.320783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.604786, "energy": 74.079793, "activity_lines": [ 826.166667, 843.734546, 921.611907, 971.041507 ] }, { "date": "2024-02-09", "close": 769.200012, "volume": 1481700, "typical_volume": 1351263.45, "trend": 1004.866669, "fair_value": 1255.066026, "relative_strength": -34.379509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.681695, "energy": 86.863856, "activity_lines": [ 801.666671, 826.227275, 899.724765, 955.382153 ] }, { "date": "2024-02-16", "close": 755.5, "volume": 1807756, "typical_volume": 1394397.45, "trend": 998.433335, "fair_value": 1259.807052, "relative_strength": -35.802887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.346797, "energy": 90.298227, "activity_lines": [ 780.353337, 809.620002, 878.322384, 939.293981 ] }, { "date": "2024-02-23", "close": 750.400024, "volume": 2404546, "typical_volume": 1473751.35, "trend": 989.980003, "fair_value": 1264.508975, "relative_strength": -36.962358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.193789, "energy": 88.242715, "activity_lines": [ 765.24001, 795.658187, 858.465243, 923.291832 ] }, { "date": "2024-03-01", "close": 723.900024, "volume": 1404387, "typical_volume": 1485617.0, "trend": 980.010004, "fair_value": 1269.03077, "relative_strength": -39.057695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.373215, "energy": 90.437769, "activity_lines": [ 748.946683, 779.001828, 838.06334, 906.125382 ] }, { "date": "2024-03-08", "close": 717.5, "volume": 1738372, "typical_volume": 1512866.9, "trend": 969.72667, "fair_value": 1273.517949, "relative_strength": -38.404571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.693133, "energy": 84.245002, "activity_lines": [ 734.300012, 763.445463, 818.928578, 889.189252 ] }, { "date": "2024-03-15", "close": 738.400024, "volume": 1832017, "typical_volume": 1532239.95, "trend": 957.173338, "fair_value": 1278.139745, "relative_strength": -33.651395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.53225, "energy": 67.203043, "activity_lines": [ 732.666683, 753.518194, 804.067627, 874.264953 ] }, { "date": "2024-03-22", "close": 703.700012, "volume": 2043710, "typical_volume": 1568040.5, "trend": 944.630005, "fair_value": 1282.532693, "relative_strength": -38.958698, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.660991, "energy": 68.80883, "activity_lines": [ 721.520015, 739.956376, 788.742866, 857.911835 ] }, { "date": "2024-03-29", "close": 729.5, "volume": 1343374, "typical_volume": 1579602.35, "trend": 934.413338, "fair_value": 1287.100001, "relative_strength": -36.275414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.941599, "energy": 63.490579, "activity_lines": [ 722.426676, 734.181829, 778.210008, 844.03248 ] }, { "date": "2024-04-05", "close": 737.599976, "volume": 2512095, "typical_volume": 1614040.1, "trend": 922.433337, "fair_value": 1291.728847, "relative_strength": -33.058501, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.235644, "energy": 59.612924, "activity_lines": [ 727.426664, 732.347278, 770.13191, 831.334844 ] }, { "date": "2024-04-12", "close": 770.5, "volume": 2386806, "typical_volume": 1693055.65, "trend": 912.550004, "fair_value": 1296.571796, "relative_strength": -28.632265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.2137, "energy": 47.656577, "activity_lines": [ 742.479997, 737.276367, 766.27429, 821.532693 ] }, { "date": "2024-04-19", "close": 824.700012, "volume": 1976443, "typical_volume": 1727964.2, "trend": 901.873338, "fair_value": 1292.358334, "relative_strength": -21.74032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.797831, "energy": 22.851708, "activity_lines": [ 772.066667, 752.745459, 768.383338, 815.864951 ] }, { "date": "2024-04-26", "close": 838.099976, "volume": 680355, "typical_volume": 1706421.75, "trend": 890.410004, "fair_value": 1288.391026, "relative_strength": -19.929809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.451991, "energy": 23.497891, "activity_lines": [ 800.366659, 769.641817, 772.392383, 811.750541 ] }, { "date": "2024-05-03", "close": 822.700012, "volume": 1610517, "typical_volume": 1710736.5, "trend": 878.966671, "fair_value": 1283.600642, "relative_strength": -20.955758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 1.247244, "energy": 24.935127, "activity_lines": [ 814.573332, 782.236364, 775.477146, 807.382154 ] }, { "date": "2024-05-10", "close": 764.099976, "volume": 1522325, "typical_volume": 1732840.4, "trend": 867.170003, "fair_value": 1278.02436, "relative_strength": -27.984511, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.145716, "energy": 23.054371, "activity_lines": [ 803.033325, 782.861813, 773.192858, 799.9714 ] }, { "date": "2024-05-17", "close": 705.5, "volume": 1992599, "typical_volume": 1780005.65, "trend": 850.78667, "fair_value": 1272.425001, "relative_strength": -31.953943, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.08759, "energy": 24.457461, "activity_lines": [ 770.193327, 772.101813, 765.729048, 789.541077 ] }, { "date": "2024-05-24", "close": 685.599976, "volume": 1937273, "typical_volume": 1792041.7, "trend": 829.140002, "fair_value": 1267.108334, "relative_strength": -32.402577, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.332968, "energy": 47.236459, "activity_lines": [ 735.053321, 757.941809, 756.906188, 778.883871 ] }, { "date": "2024-05-31", "close": 705.900024, "volume": 1746786, "typical_volume": 1815001.8, "trend": 812.870003, "fair_value": 1261.652565, "relative_strength": -30.620796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.144416, "energy": 64.455963, "activity_lines": [ 715.953333, 748.432724, 750.968572, 770.932905 ] }, { "date": "2024-06-07", "close": 686.599976, "volume": 1744354, "typical_volume": 1809594.7, "trend": 799.656669, "fair_value": 1256.758975, "relative_strength": -30.584046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.023526, "energy": 76.444371, "activity_lines": [ 699.233325, 735.374538, 743.993331, 762.786451 ] }, { "date": "2024-06-14", "close": 641.700012, "volume": 2260229, "typical_volume": 1812369.2, "trend": 788.850002, "fair_value": 1251.660898, "relative_strength": -35.261392, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.907544, "energy": 83.738443, "activity_lines": [ 676.619999, 714.932724, 733.59238, 752.595699 ] }, { "date": "2024-06-21", "close": 624.200012, "volume": 1868406, "typical_volume": 1814702.5, "trend": 778.340002, "fair_value": 1247.014744, "relative_strength": -35.74078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.520569, "energy": 86.1416, "activity_lines": [ 656.333337, 693.052727, 722.18619, 741.973119 ] }, { "date": "2024-06-28", "close": 632.299988, "volume": 1764172, "typical_volume": 1828826.1, "trend": 767.560002, "fair_value": 1242.606411, "relative_strength": -34.40438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.894016, "energy": 83.023134, "activity_lines": [ 644.166667, 675.305452, 712.427617, 732.551183 ] }, { "date": "2024-07-05", "close": 612.900024, "volume": 1239673, "typical_volume": 1800421.95, "trend": 756.256669, "fair_value": 1238.10577, "relative_strength": -36.957214, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.432701, "energy": 84.69434, "activity_lines": [ 629.086674, 657.529094, 701.473334, 722.57312 ] }, { "date": "2024-07-12", "close": 577.5, "volume": 1746800, "typical_volume": 1767534.65, "trend": 746.600002, "fair_value": 1233.72436, "relative_strength": -41.487806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.845419, "energy": 87.905314, "activity_lines": [ 608.406673, 637.410912, 687.826667, 711.040431 ] }, { "date": "2024-07-19", "close": 615.299988, "volume": 2787520, "typical_volume": 1836691.3, "trend": 738.830001, "fair_value": 1229.585257, "relative_strength": -36.356571, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.639322, "energy": 74.596333, "activity_lines": [ 607.6, 628.623637, 678.603332, 702.569463 ] }, { "date": "2024-07-26", "close": 690.0, "volume": 3339330, "typical_volume": 1916739.2, "trend": 734.560002, "fair_value": 1226.181411, "relative_strength": -28.111422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.424786, "energy": 49.400881, "activity_lines": [ 633.453333, 636.123637, 677.011428, 699.41914 ] }, { "date": "2024-08-02", "close": 674.5, "volume": 2329022, "typical_volume": 1941589.45, "trend": 727.526668, "fair_value": 1222.819231, "relative_strength": -26.862387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.869879, "energy": 34.075281, "activity_lines": [ 649.753333, 641.087274, 674.074285, 695.544301 ] }, { "date": "2024-08-09", "close": 764.700012, "volume": 5480207, "typical_volume": 2113414.3, "trend": 723.883335, "fair_value": 1219.900642, "relative_strength": -17.455095, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.531699, "energy": 18.588883, "activity_lines": [ 693.306669, 662.65273, 680.031905, 697.942582 ] }, { "date": "2024-08-16", "close": 671.200012, "volume": 2574258, "typical_volume": 2174958.5, "trend": 717.416669, "fair_value": 1216.177565, "relative_strength": -28.438352, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.913999, "energy": 26.060394, "activity_lines": [ 695.57334, 666.149095, 676.794287, 694.543657 ] }, { "date": "2024-08-23", "close": 639.0, "volume": 2139776, "typical_volume": 2156342.55, "trend": 712.696669, "fair_value": 1212.79295, "relative_strength": -30.939649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.107692, "energy": 24.341227, "activity_lines": [ 680.860006, 664.070913, 670.767621, 689.484518 ] }, { "date": "2024-08-30", "close": 650.799988, "volume": 2098258, "typical_volume": 2141915.15, "trend": 707.450002, "fair_value": 1209.868591, "relative_strength": -30.328442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.544926, "energy": 19.027041, "activity_lines": [ 668.5, 664.187274, 666.334286, 685.491183 ] }, { "date": "2024-09-06", "close": 692.900024, "volume": 2105469, "typical_volume": 2148366.45, "trend": 704.906669, "fair_value": 1207.226924, "relative_strength": -24.194393, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.971592, "energy": 13.999409, "activity_lines": [ 672.786674, 671.47455, 666.480479, 684.552475 ] }, { "date": "2024-09-13", "close": 688.200012, "volume": 2501606, "typical_volume": 2239429.0, "trend": 702.663336, "fair_value": 1204.32436, "relative_strength": -23.254279, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.537275, "energy": 15.605595, "activity_lines": [ 674.280009, 676.805461, 666.806671, 683.474626 ] }, { "date": "2024-09-20", "close": 660.700012, "volume": 1882717, "typical_volume": 2253039.0, "trend": 699.673336, "fair_value": 1201.130129, "relative_strength": -22.950279, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.754752, "energy": 14.701048, "activity_lines": [ 671.706677, 675.767281, 665.227624, 680.767315 ] }, { "date": "2024-09-27", "close": 619.400024, "volume": 1703097, "typical_volume": 2262077.6, "trend": 696.190002, "fair_value": 1197.248078, "relative_strength": -30.359091, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.386567, "energy": 22.902727, "activity_lines": [ 656.066683, 665.707284, 660.486674, 675.588392 ] }, { "date": "2024-10-04", "close": 654.599976, "volume": 1277985, "typical_volume": 2226346.9, "trend": 694.093335, "fair_value": 1193.739104, "relative_strength": -25.222606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.799838, "energy": 21.473576, "activity_lines": [ 653.466671, 661.972733, 659.787147, 672.905164 ] }, { "date": "2024-10-11", "close": 636.299988, "volume": 1383717, "typical_volume": 2198669.1, "trend": 690.69, "fair_value": 1190.144873, "relative_strength": -26.131223, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.209246, "energy": 35.858561, "activity_lines": [ 644.51333, 655.554548, 657.587146, 669.176561 ] }, { "date": "2024-10-18", "close": 616.599976, "volume": 783838, "typical_volume": 2150521.7, "trend": 687.786666, "fair_value": 1186.911539, "relative_strength": -28.450127, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.346917, "energy": 48.189398, "activity_lines": [ 632.766655, 646.249088, 653.745715, 664.396559 ] }, { "date": "2024-10-25", "close": 635.200012, "volume": 154709, "typical_volume": 2071039.45, "trend": 684.643333, "fair_value": 1184.201283, "relative_strength": -24.990062, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.075206, "energy": 41.65441, "activity_lines": [ 631.993327, 643.018181, 652.100954, 661.003872 ] }, { "date": "2024-11-01", "close": 647.5, "volume": 2752899, "typical_volume": 2095672.95, "trend": 681.64, "fair_value": 1182.24295, "relative_strength": -23.675019, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.776799, "energy": 31.695456, "activity_lines": [ 637.019995, 642.678181, 651.872382, 658.607528 ] }, { "date": "2024-11-08", "close": 586.0, "volume": 2988723, "typical_volume": 2151688.8, "trend": 675.49, "fair_value": 1179.676924, "relative_strength": -30.435361, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.317053, "energy": 52.679015, "activity_lines": [ 619.673332, 631.001817, 645.759049, 652.437205 ] }, { "date": "2024-11-15", "close": 582.299988, "volume": 2093429, "typical_volume": 2168151.65, "trend": 667.41, "fair_value": 1177.372437, "relative_strength": -30.951707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.172757, "energy": 62.079771, "activity_lines": [ 605.666663, 619.830905, 639.475238, 646.424947 ] }, { "date": "2024-11-22", "close": 612.599976, "volume": 3161127, "typical_volume": 2264224.35, "trend": 659.893333, "fair_value": 1175.191026, "relative_strength": -26.119503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.643776, "energy": 54.13379, "activity_lines": [ 605.35999, 616.179992, 636.315235, 642.888816 ] }, { "date": "2024-11-29", "close": 584.0, "volume": 1648671, "typical_volume": 2259317.9, "trend": 651.936666, "fair_value": 1172.402565, "relative_strength": -28.567878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.369942, "energy": 65.906965, "activity_lines": [ 595.786658, 608.703629, 630.432854, 637.992472 ] }, { "date": "2024-12-06", "close": 543.099976, "volume": 1479847, "typical_volume": 2193934.25, "trend": 644.569999, "fair_value": 1169.81859, "relative_strength": -34.295638, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.441705, "energy": 75.960094, "activity_lines": [ 575.993319, 595.185444, 620.624281, 630.97075 ] }, { "date": "2024-12-13", "close": 529.299988, "volume": 1647610, "typical_volume": 2109348.25, "trend": 638.696665, "fair_value": 1166.976282, "relative_strength": -35.385492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.898274, "energy": 82.300746, "activity_lines": [ 558.559986, 580.545444, 609.845232, 623.533975 ] }, { "date": "2024-12-20", "close": 561.5, "volume": 3477430, "typical_volume": 2166768.65, "trend": 634.56, "fair_value": 1164.335898, "relative_strength": -31.556621, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.829611, "energy": 74.996956, "activity_lines": [ 555.63999, 574.038173, 602.898089, 618.553545 ] }, { "date": "2024-12-27", "close": 546.599976, "volume": 1533179, "typical_volume": 1969417.25, "trend": 629.249998, "fair_value": 1161.916667, "relative_strength": -33.018035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.753566, "energy": 76.457588, "activity_lines": [ 549.139986, 566.181806, 595.069992, 612.878705 ] }, { "date": "2025-01-03", "close": 581.200012, "volume": 2482680, "typical_volume": 1964838.35, "trend": 625.736666, "fair_value": 1159.091026, "relative_strength": -28.874218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.165337, "energy": 49.399507, "activity_lines": [ 558.573328, 565.889083, 591.575708, 609.778706 ] }, { "date": "2025-01-10", "close": 582.799988, "volume": 1735176, "typical_volume": 1944608.35, "trend": 623.773332, "fair_value": 1156.422436, "relative_strength": -28.788055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.594744, "energy": 33.198209, "activity_lines": [ 568.72666, 566.869082, 588.662374, 607.008598 ] }, { "date": "2025-01-17", "close": 572.200012, "volume": 2780896, "typical_volume": 1978740.25, "trend": 622.039998, "fair_value": 1153.21859, "relative_strength": -31.198783, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.782965, "energy": 26.375969, "activity_lines": [ 572.7, 567.098177, 585.007137, 603.681287 ] }, { "date": "2025-01-24", "close": 536.599976, "volume": 1828666, "typical_volume": 1964900.1, "trend": 618.849998, "fair_value": 1148.972436, "relative_strength": -34.462793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.017988, "energy": 30.718801, "activity_lines": [ 561.946659, 561.105447, 578.335707, 598.169027 ] }, { "date": "2025-01-31", "close": 555.5, "volume": 3713512, "typical_volume": 2025495.4, "trend": 616.936664, "fair_value": 1145.097436, "relative_strength": -29.331642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.782399, "energy": 32.253414, "activity_lines": [ 559.153329, 559.379994, 574.208564, 594.08193 ] }, { "date": "2025-02-07", "close": 542.099976, "volume": 3775692, "typical_volume": 2120144.15, "trend": 615.756663, "fair_value": 1141.283974, "relative_strength": -31.840045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.41873, "energy": 39.39362, "activity_lines": [ 551.299988, 556.256354, 569.437134, 589.253757 ] }, { "date": "2025-02-14", "close": 534.5, "volume": 2566842, "typical_volume": 2163331.4, "trend": 613.06333, "fair_value": 1136.889744, "relative_strength": -31.763953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.903714, "energy": 44.895231, "activity_lines": [ 543.519991, 552.51272, 564.506658, 584.011392 ] }, { "date": "2025-02-21", "close": 526.0, "volume": 1586892, "typical_volume": 2178776.75, "trend": 607.596663, "fair_value": 1131.344872, "relative_strength": -32.499595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.471701, "energy": 51.247913, "activity_lines": [ 536.12666, 547.379994, 559.170945, 578.394403 ] }, { "date": "2025-02-28", "close": 583.400024, "volume": 2378043, "typical_volume": 2228493.05, "trend": 604.559998, "fair_value": 1127.084615, "relative_strength": -23.123923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.898976, "energy": 30.021455, "activity_lines": [ 550.946671, 552.743636, 559.914281, 576.833329 ] }, { "date": "2025-03-07", "close": 623.599976, "volume": 5304592, "typical_volume": 2454530.75, "trend": 599.856663, "fair_value": 1122.210256, "relative_strength": -17.133381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.850374, "energy": 5.95002, "activity_lines": [ 576.046663, 565.018177, 564.738089, 578.061715 ] }, { "date": "2025-03-14", "close": 691.5, "volume": 6223775, "typical_volume": 2757984.05, "trend": 600.533329, "fair_value": 1118.091667, "relative_strength": -9.048342, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.703607, "energy": 38.304534, "activity_lines": [ 619.239998, 588.238178, 575.995233, 583.974188 ] }, { "date": "2025-03-21", "close": 669.799988, "volume": 4598101, "typical_volume": 2850244.15, "trend": 601.559996, "fair_value": 1114.769872, "relative_strength": -11.083251, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.217051, "energy": 56.228616, "activity_lines": [ 645.239994, 605.507268, 584.917613, 588.443005 ] }, { "date": "2025-03-28", "close": 661.299988, "volume": 4221682, "typical_volume": 2911892.1, "trend": 601.909996, "fair_value": 1111.989743, "relative_strength": -10.214338, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.153492, "energy": 67.383453, "activity_lines": [ 659.386658, 619.649085, 592.924279, 592.297198 ] }, { "date": "2025-04-04", "close": 751.200012, "volume": 4544613, "typical_volume": 3034451.3, "trend": 603.853329, "fair_value": 1109.215384, "relative_strength": 3.006986, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 62.684349, "energy": 81.056369, "activity_lines": [ 694.479997, 648.516361, 609.134281, 601.928812 ] }, { "date": "2025-04-11", "close": 784.700012, "volume": 5767483, "typical_volume": 3164769.1, "trend": 607.069995, "fair_value": 1106.232692, "relative_strength": 9.494722, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 85.864374, "energy": 87.442183, "activity_lines": [ 729.553337, 679.572727, 627.730473, 613.59634 ] }, { "date": "2025-04-18", "close": 781.0, "volume": 2311054, "typical_volume": 3197888.25, "trend": 611.079995, "fair_value": 1103.335256, "relative_strength": 6.60178, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.66731, "energy": 86.276107, "activity_lines": [ 752.653337, 705.789091, 645.15476, 624.81763 ] }, { "date": "2025-04-25", "close": 728.0, "volume": 4696998, "typical_volume": 3358745.8, "trend": 614.699994, "fair_value": 1098.745513, "relative_strength": -0.335863, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.266723, "energy": 73.235415, "activity_lines": [ 752.120003, 718.025455, 656.593332, 632.360857 ] }, { "date": "2025-05-02", "close": 691.200012, "volume": 1717568, "typical_volume": 3362243.7, "trend": 615.919995, "fair_value": 1093.708333, "relative_strength": -4.848718, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.908701, "energy": 53.669075, "activity_lines": [ 735.440006, 720.05273, 663.646666, 637.296342 ] }, { "date": "2025-05-09", "close": 648.700012, "volume": 3364823, "typical_volume": 3356613.35, "trend": 616.333329, "fair_value": 1086.578205, "relative_strength": -13.926398, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.759223, "energy": 33.393867, "activity_lines": [ 702.600008, 711.349095, 665.88143, 639.411181 ] }, { "date": "2025-05-16", "close": 558.400024, "volume": 5996474, "typical_volume": 3579778.1, "trend": 614.393331, "fair_value": 1079.112821, "relative_strength": -24.997178, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 6.703524, "energy": 18.776569, "activity_lines": [ 646.493347, 685.040009, 659.100956, 635.673549 ] }, { "date": "2025-05-23", "close": 563.400024, "volume": 3065320, "typical_volume": 3608910.1, "trend": 611.999998, "fair_value": 1072.019231, "relative_strength": -22.595884, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.459663, "energy": 29.775083, "activity_lines": [ 607.140018, 660.825467, 652.740482, 632.383658 ] }, { "date": "2025-05-30", "close": 542.5, "volume": 3350081, "typical_volume": 3689655.35, "trend": 608.499998, "fair_value": 1065.36218, "relative_strength": -27.687708, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.560595, "energy": 40.05356, "activity_lines": [ 575.32668, 635.140011, 644.474291, 627.899787 ] }, { "date": "2025-06-06", "close": 525.099976, "volume": 2717292, "typical_volume": 3686475.15, "trend": 606.469997, "fair_value": 1058.638462, "relative_strength": -30.095903, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.384295, "energy": 49.60721, "activity_lines": [ 550.080001, 608.60546, 634.74286, 622.519141 ] }, { "date": "2025-06-13", "close": 529.5, "volume": 2961212, "typical_volume": 3743102.45, "trend": 604.709998, "fair_value": 1049.346795, "relative_strength": -27.802782, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.156109, "energy": 61.211829, "activity_lines": [ 537.373332, 585.347277, 625.654765, 617.553334 ] }, { "date": "2025-06-20", "close": 539.099976, "volume": 2825210, "typical_volume": 3698687.35, "trend": 602.259998, "fair_value": 1040.821795, "relative_strength": -29.499828, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.727054, "energy": 55.640612, "activity_lines": [ 535.813322, 567.865453, 617.514763, 613.32043 ] }, { "date": "2025-06-27", "close": 481.600006, "volume": 3535061, "typical_volume": 3686655.8, "trend": 598.846664, "fair_value": 1031.312821, "relative_strength": -37.863136, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.879994, "energy": 60.287579, "activity_lines": [ 516.373326, 544.394545, 603.976668, 605.535914 ] }, { "date": "2025-07-04", "close": 451.600006, "volume": 2025466, "typical_volume": 3659587.0, "trend": 595.796665, "fair_value": 1022.964103, "relative_strength": -43.469475, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.783255, "energy": 67.443543, "activity_lines": [ 492.386664, 520.912727, 587.869526, 596.03613 ] }, { "date": "2025-07-11", "close": 452.0, "volume": 1799958, "typical_volume": 3670240.3, "trend": 593.219999, "fair_value": 1013.547436, "relative_strength": -43.402899, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -78.011749, "energy": 89.082496, "activity_lines": [ 474.593333, 502.52909, 572.19524, 586.758925 ] }, { "date": "2025-07-18", "close": 451.0, "volume": 2347285, "typical_volume": 3668702.4, "trend": 589.536666, "fair_value": 1006.233333, "relative_strength": -41.973553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.086856, "energy": 88.676663, "activity_lines": [ 461.34, 488.312726, 556.778097, 577.583442 ] }, { "date": "2025-07-25", "close": 439.299988, "volume": 2610005, "typical_volume": 3533973.05, "trend": 585.96, "fair_value": 999.023718, "relative_strength": -43.175082, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.216207, "energy": 89.718777, "activity_lines": [ 449.419997, 475.563633, 540.877143, 567.890753 ] }, { "date": "2025-08-01", "close": 433.799988, "volume": 2560947, "typical_volume": 3350831.65, "trend": 581.046665, "fair_value": 993.304487, "relative_strength": -42.661973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.684325, "energy": 89.451786, "activity_lines": [ 442.319993, 463.979994, 525.329999, 558.073978 ] }, { "date": "2025-08-08", "close": 439.5, "volume": 2590092, "typical_volume": 3250431.2, "trend": 576.269999, "fair_value": 988.224359, "relative_strength": -39.265247, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.456652, "energy": 85.773531, "activity_lines": [ 440.306661, 455.789086, 511.552856, 548.941935 ] }, { "date": "2025-08-15", "close": 424.200012, "volume": 2957153, "typical_volume": 3187204.75, "trend": 571.336666, "fair_value": 982.924359, "relative_strength": -41.158368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.110251, "energy": 89.975877, "activity_lines": [ 434.0, 446.68909, 497.415238, 539.130968 ] }, { "date": "2025-08-22", "close": 454.700012, "volume": 2057916, "typical_volume": 3062869.9, "trend": 568.606667, "fair_value": 977.191667, "relative_strength": -36.790341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.113954, "energy": 70.848591, "activity_lines": [ 439.713338, 444.969092, 487.311429, 531.606023 ] }, { "date": "2025-08-29", "close": 428.700012, "volume": 1459331, "typical_volume": 2847462.3, "trend": 564.380001, "fair_value": 969.670513, "relative_strength": -41.018163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.702295, "energy": 68.878491, "activity_lines": [ 436.513342, 439.881822, 476.143335, 522.579787 ] }, { "date": "2025-09-05", "close": 439.5, "volume": 1742216, "typical_volume": 2819020.4, "trend": 560.960002, "fair_value": 962.128846, "relative_strength": -38.083594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.771715, "energy": 62.695383, "activity_lines": [ 437.620007, 438.765458, 467.699049, 514.523013 ] }, { "date": "2025-09-12", "close": 415.799988, "volume": 3548496, "typical_volume": 2761595.3, "trend": 557.003335, "fair_value": 954.300641, "relative_strength": -41.316231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.845374, "energy": 66.068763, "activity_lines": [ 430.446667, 434.105455, 458.62381, 505.15785 ] }, { "date": "2025-09-19", "close": 398.600006, "volume": 3868714, "typical_volume": 2869152.6, "trend": 552.756668, "fair_value": 945.214744, "relative_strength": -41.437415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.473019, "energy": 70.551981, "activity_lines": [ 419.120001, 426.969093, 449.397143, 494.938281 ] }, { "date": "2025-09-26", "close": 408.899994, "volume": 1221063, "typical_volume": 2761964.6, "trend": 546.94, "fair_value": 935.175641, "relative_strength": -39.348119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.409045, "energy": 70.684832, "activity_lines": [ 412.933331, 422.676364, 442.544762, 485.657205 ] }, { "date": "2025-10-03", "close": 394.200012, "volume": 1519758, "typical_volume": 2538128.8, "trend": 539.293335, "fair_value": 926.010257, "relative_strength": -43.6139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.221962, "energy": 85.657197, "activity_lines": [ 404.900002, 416.476367, 435.434287, 475.803012 ] }, { "date": "2025-10-10", "close": 369.899994, "volume": 1214076, "typical_volume": 2445566.6, "trend": 528.573335, "fair_value": 914.951923, "relative_strength": -47.43244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.313657, "energy": 90.118644, "activity_lines": [ 391.066667, 406.678183, 426.791429, 464.87441 ] }, { "date": "2025-10-17", "close": 383.0, "volume": 2632831, "typical_volume": 2409704.1, "trend": 519.013335, "fair_value": 904.983975, "relative_strength": -43.622396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.623235, "energy": 76.246918, "activity_lines": [ 386.24, 400.423637, 420.31762, 455.482582 ] }, { "date": "2025-10-24", "close": 380.700012, "volume": 3566656, "typical_volume": 2452172.3, "trend": 509.660003, "fair_value": 895.45, "relative_strength": -42.841259, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.298492, "energy": 68.325953, "activity_lines": [ 382.833337, 394.778184, 414.384287, 446.559141 ] }, { "date": "2025-10-31", "close": 348.5, "volume": 5704740, "typical_volume": 2589348.7, "trend": 496.236669, "fair_value": 884.241667, "relative_strength": -47.963549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.241733, "energy": 73.900463, "activity_lines": [ 369.88667, 384.069093, 406.071907, 436.161722 ] }, { "date": "2025-11-07", "close": 362.399994, "volume": 4045453, "typical_volume": 2650360.85, "trend": 482.160002, "fair_value": 874.71859, "relative_strength": -46.121227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.763882, "energy": 67.720532, "activity_lines": [ 365.6, 377.818182, 399.945239, 427.527098 ] }, { "date": "2025-11-14", "close": 363.399994, "volume": 3202441, "typical_volume": 2633729.85, "trend": 468.240001, "fair_value": 865.605769, "relative_strength": -46.752271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.671153, "energy": 66.29609, "activity_lines": [ 363.766665, 372.954545, 394.755239, 419.865162 ] }, { "date": "2025-11-21", "close": 369.899994, "volume": 5268714, "typical_volume": 2795892.25, "trend": 456.303335, "fair_value": 857.291026, "relative_strength": -43.714535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.34845, "energy": 63.094325, "activity_lines": [ 364.533329, 370.656362, 390.747143, 413.520645 ] }, { "date": "2025-11-28", "close": 371.200012, "volume": 3481694, "typical_volume": 2879979.05, "trend": 445.636668, "fair_value": 849.465385, "relative_strength": -43.208802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.59121, "energy": 54.813246, "activity_lines": [ 366.606667, 369.429092, 387.251906, 408.030108 ] }, { "date": "2025-12-05", "close": 359.899994, "volume": 4091452, "typical_volume": 2967187.4, "trend": 436.010001, "fair_value": 840.637821, "relative_strength": -46.049113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.476455, "energy": 53.478058, "activity_lines": [ 365.546665, 366.645454, 383.065238, 402.49871 ] }, { "date": "2025-12-12", "close": 359.0, "volume": 3353302, "typical_volume": 3004352.25, "trend": 429.363333, "fair_value": 831.38141, "relative_strength": -47.359061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.652685, "energy": 51.148131, "activity_lines": [ 363.426666, 364.58909, 379.226667, 397.530323 ] }, { "date": "2025-12-19", "close": 373.600006, "volume": 3535554, "typical_volume": 3053082.6, "trend": 423.036666, "fair_value": 821.21218, "relative_strength": -44.900152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.916522, "energy": 39.501165, "activity_lines": [ 366.400002, 365.827273, 377.160953, 393.932689 ] }, { "date": "2025-12-26", "close": 360.5, "volume": 2206840, "typical_volume": 3033920.0, "trend": 416.969999, "fair_value": 810.670513, "relative_strength": -45.234623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.454795, "energy": 42.980721, "activity_lines": [ 364.326668, 364.616364, 374.134286, 389.898065 ] }, { "date": "2026-01-02", "close": 362.700012, "volume": 2115004, "typical_volume": 2991812.55, "trend": 411.556667, "fair_value": 799.726282, "relative_strength": -45.452108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.413926, "energy": 39.806783, "activity_lines": [ 363.613338, 364.214548, 371.693335, 386.396776 ] }, { "date": "2026-01-09", "close": 355.200012, "volume": 1956529, "typical_volume": 2986743.2, "trend": 405.746667, "fair_value": 790.509616, "relative_strength": -48.020117, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.962987, "energy": 41.782402, "activity_lines": [ 360.966675, 362.776368, 368.830955, 382.760862 ] }, { "date": "2026-01-16", "close": 347.799988, "volume": 5149049, "typical_volume": 3171229.1, "trend": 399.370001, "fair_value": 781.207052, "relative_strength": -49.808142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.08934, "energy": 48.059538, "activity_lines": [ 356.166669, 359.870911, 365.73762, 379.022367 ] }, { "date": "2026-01-23", "close": 355.0, "volume": 5038782, "typical_volume": 3336057.4, "trend": 395.150001, "fair_value": 773.476282, "relative_strength": -48.250432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.848153, "energy": 41.609936, "activity_lines": [ 354.513334, 358.540002, 363.715239, 376.159786 ] }, { "date": "2026-01-30", "close": 344.799988, "volume": 4109600, "typical_volume": 3364112.6, "trend": 391.59, "fair_value": 766.776282, "relative_strength": -49.151461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.667847, "energy": 49.784335, "activity_lines": [ 350.699996, 355.507272, 361.12381, 372.911398 ] }, { "date": "2026-02-06", "close": 374.399994, "volume": 5809890, "typical_volume": 3461171.4, "trend": 389.003334, "fair_value": 760.016026, "relative_strength": -44.665676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.777691, "energy": 30.760102, "activity_lines": [ 357.799994, 358.312725, 361.689523, 371.802366 ] }, { "date": "2026-02-13", "close": 374.700012, "volume": 4242288, "typical_volume": 3612232.65, "trend": 386.460001, "fair_value": 752.917949, "relative_strength": -45.413419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.741554, "energy": 14.236818, "activity_lines": [ 364.219999, 361.114546, 362.399048, 370.879571 ] }, { "date": "2026-02-20", "close": 373.100006, "volume": 4942525, "typical_volume": 3783371.0, "trend": 384.253335, "fair_value": 744.969872, "relative_strength": -45.673236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.537259, "energy": 11.192783, "activity_lines": [ 368.806669, 363.356365, 363.119049, 370.017635 ] }, { "date": "2026-02-27", "close": 371.600006, "volume": 3870026, "typical_volume": 3916168.5, "trend": 382.180002, "fair_value": 736.396795, "relative_strength": -43.553748, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.356909, "energy": 15.642738, "activity_lines": [ 371.206671, 365.069093, 363.796668, 369.201292 ] }, { "date": "2026-03-06", "close": 368.399994, "volume": 5584216, "typical_volume": 4063737.75, "trend": 379.810002, "fair_value": 728.822436, "relative_strength": -45.874555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.451658, "energy": 12.97897, "activity_lines": [ 371.433335, 366.236364, 364.161429, 368.312259 ] }, { "date": "2026-03-13", "close": 382.200012, "volume": 6255222, "typical_volume": 4198166.05, "trend": 378.410002, "fair_value": 721.214744, "relative_strength": -40.083288, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.51941, "energy": 11.1882, "activity_lines": [ 374.686672, 369.769093, 365.910002, 368.466453 ] }, { "date": "2026-03-20", "close": 393.700012, "volume": 5059730, "typical_volume": 4165915.55, "trend": 376.376668, "fair_value": 714.776924, "relative_strength": -38.871639, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.725529, "energy": 32.892935, "activity_lines": [ 381.253341, 375.038186, 368.74667, 369.452905 ] }, { "date": "2026-03-27", "close": 417.0, "volume": 8721611, "typical_volume": 4399723.45, "trend": 375.986668, "fair_value": 708.488462, "relative_strength": -30.38143, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 51.333824, "energy": 57.12654, "activity_lines": [ 394.320005, 383.843641, 373.587146, 372.073766 ] }, { "date": "2026-04-03", "close": 403.600006, "volume": 3777058, "typical_volume": 4428454.3, "trend": 374.790001, "fair_value": 702.498718, "relative_strength": -32.173993, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.133323, "energy": 55.925501, "activity_lines": [ 399.993339, 388.95455, 376.891432, 373.855271 ] }, { "date": "2026-04-10", "close": 355.0, "volume": 2719107, "typical_volume": 4300973.95, "trend": 372.763335, "fair_value": 695.697436, "relative_strength": -41.823419, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.002104, "energy": 23.324972, "activity_lines": [ 387.333337, 384.345459, 375.375717, 372.578497 ] }, { "date": "2026-04-17", "close": 306.200012, "volume": 5238708, "typical_volume": 4388824.65, "trend": 369.683335, "fair_value": 688.653847, "relative_strength": -47.609756, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -28.45392, "energy": 19.236649, "activity_lines": [ 359.300006, 370.678188, 369.283337, 368.284089 ] }, { "date": "2026-04-24", "close": 285.5, "volume": 2877936, "typical_volume": 4328148.85, "trend": 365.570002, "fair_value": 681.387821, "relative_strength": -48.99685, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.249059, "energy": 63.138359, "activity_lines": [ 329.433337, 354.487277, 361.529051, 362.852906 ] }, { "date": "2026-05-01", "close": 273.100006, "volume": 3457383, "typical_volume": 4333352.9, "trend": 361.533335, "fair_value": 674.023078, "relative_strength": -50.3176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.919141, "energy": 86.268401, "activity_lines": [ 302.646671, 337.663641, 352.948099, 356.8871 ] }, { "date": "2026-05-08", "close": 243.699997, "volume": 5403106, "typical_volume": 4426730.5, "trend": 357.326669, "fair_value": 666.931411, "relative_strength": -55.212012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.801938, "energy": 95.317847, "activity_lines": [ 275.653336, 317.312731, 341.976194, 349.284949 ] }, { "date": "2026-05-15", "close": 237.699997, "volume": 5164391, "typical_volume": 4574608.05, "trend": 352.483335, "fair_value": 660.269231, "relative_strength": -53.85071, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.623097, "energy": 94.282953, "activity_lines": [ 257.32, 298.196366, 331.051431, 341.567099 ] }, { "date": "2026-05-22", "close": 240.600006, "volume": 5405010, "typical_volume": 4739108.35, "trend": 347.813335, "fair_value": 653.292308, "relative_strength": -52.111695, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.601655, "energy": 90.987765, "activity_lines": [ 247.773335, 281.983639, 320.987622, 334.34882 ] }, { "date": "2026-05-29", "close": 208.199997, "volume": 5550138, "typical_volume": 4918788.8, "trend": 343.136668, "fair_value": 646.985898, "relative_strength": -58.055248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.555726, "energy": 94.642239, "activity_lines": [ 231.8, 262.454547, 308.419526, 325.341508 ] }, { "date": "2026-06-05", "close": 2.169, "volume": 731553, "typical_volume": 4697914.0, "trend": 331.128969, "fair_value": 639.647238, "relative_strength": -99.528175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -99.54432, "energy": 98.920564, "activity_lines": [ 152.303, 208.838001, 276.929431, 303.343594 ] }, { "date": "2026-06-12", "close": 2.268, "volume": 1300731, "typical_volume": 4511011.45, "trend": 319.091235, "fair_value": 633.161776, "relative_strength": -99.49766, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -98.197165, "energy": 99.280166, "activity_lines": [ 90.901067, 162.781837, 247.094626, 282.126757 ] }, { "date": "2026-06-19", "close": 2.204, "volume": 602267, "typical_volume": 4335644.8, "trend": 306.834702, "fair_value": 626.438725, "relative_strength": -99.469747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.557994, "energy": 97.033187, "activity_lines": [ 45.573267, 124.010982, 218.933402, 261.682419 ] }, { "date": "2026-06-26", "close": 2.403, "volume": 977721, "typical_volume": 4094036.35, "trend": 294.541469, "fair_value": 619.537462, "relative_strength": -99.385797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.925584, "energy": 92.62142, "activity_lines": [ 16.011533, 91.690782, 192.42254, 242.041664 ] }, { "date": "2026-07-03", "close": 2.325, "volume": 241493, "typical_volume": 3893996.6, "trend": 282.622302, "fair_value": 612.706212, "relative_strength": -99.401922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.662903, "energy": 89.024328, "activity_lines": [ 2.3036, 64.879982, 167.675663, 223.188989 ] }, { "date": "2026-07-10", "close": 2.333, "volume": 6747839, "typical_volume": 3984262.3, "trend": 270.733402, "fair_value": 606.433988, "relative_strength": -99.370821, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.324554, "energy": 88.541919, "activity_lines": [ 2.323333, 43.219273, 144.702763, 205.105808 ] }, { "date": "2026-07-17", "close": 2.529, "volume": 4984481, "typical_volume": 4039985.05, "trend": 258.364369, "fair_value": 600.370071, "relative_strength": -99.310303, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.985263, "energy": 88.039782, "activity_lines": [ 2.397467, 26.517236, 123.514087, 187.802298 ] }, { "date": "2026-07-24", "close": 2.544, "volume": 2912468, "typical_volume": 3906397.65, "trend": 246.432502, "fair_value": 593.950481, "relative_strength": -99.302764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.625276, "energy": 86.183233, "activity_lines": [ 2.4592, 14.202855, 104.08432, 171.297758 ] }, { "date": "2026-07-31", "close": 2.557, "volume": 5971165, "typical_volume": 3892194.8, "trend": 234.427735, "fair_value": 587.40918, "relative_strength": -99.257872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.243906, "energy": 74.335593, "activity_lines": [ 2.5026, 6.1664, 86.397962, 155.563855 ] }, { "date": "2026-08-07", "close": 2.323, "volume": 5691716, "typical_volume": 3923794.1, "trend": 222.665168, "fair_value": 580.847148, "relative_strength": -99.304925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.331599, "energy": 63.782321, "activity_lines": [ 2.457733, 2.415455, 70.497143, 140.589356 ] } ], "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." } } }