{ "ticker": { "uuid": "427b3415-5805-4919-8d7f-757e2bba70fd", "symbol": "TBLL", "name": "INVESCO EXCHANGE TRADED FD TR II SHORT TERM TREASURY ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.833, "architecture_energy": 96.712, "architecture_maturity": 100.0, "architecture_confidence": 60.949, "architecture_tenure": "Extended", "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": 16.62, "rotation_up": 88.54, "upward_expansion": 99.96, "deceleration": 39.01, "rotation_down": 9.21, "downward_expansion": 21.96 }, "activity_lines": [ 105.587199, 105.481355, 105.35772, 105.233235 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 105.7, "trend_reference": 105.031597, "distance_from_trend": 0.006364, "trend_direction": "Improving", "fair_value": 100.094812, "distance_from_fair_value": 0.055999, "fair_value_direction": "Weakening", "relative_strength": -9.827282, "relative_strength_direction": "Improving", "price_momentum": 0.01156, "excess_performance": -0.114065, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.006364, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004875, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.055999, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.00505, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.098273, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000796, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.01156, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 21.844752, "read": "Demand-led" } ], "volume": { "latest": 1291170, "relative_activity": 0.90309, "balance": 21.844752, "dry_up": 0.919172, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.000946, "annualized_volatility": 0.00615, "from_high_reference": -4.7e-05, "from_low_reference": 0.031574 }, "levels": { "trend_reference": 105.031597, "fair_value_reference": 100.094812, "structural_low": 104.502001, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 53, "median_return": 0.003286, "positive_rate": 0.962264, "directional_follow_through": 0.962264, "median_excess_return": -0.015901, "regime_survival": 1.0, "best_return": 0.004858, "worst_return": -0.000489, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 16, "median_return": 0.010594, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.050814, "regime_survival": 1.0, "best_return": 0.01483, "worst_return": 0.002594, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.02158, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.063848, "regime_survival": 1.0, "best_return": 0.027417, "worst_return": 0.010676, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.03995, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.157653, "regime_survival": 1.0, "best_return": 0.052382, "worst_return": 0.032267, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2021-07-09", "end": "2021-09-03", "tenure": "Developing", "return": 6e-06, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2021-09-10", "end": "2021-09-24", "tenure": "New", "return": -0.000189, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2021-10-01", "end": "2022-05-20", "tenure": "Extended", "return": -0.000394, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-05-27", "end": "2022-06-24", "tenure": "Developing", "return": 2.3e-05, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-07-01", "end": "2026-08-07", "tenure": "Extended", "return": 0.180028, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 93.148598, "volume": 395874, "typical_volume": 579138.25, "trend": 91.953787, "fair_value": 90.08914, "relative_strength": -5.831811, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.970975, "energy": 83.30621, "activity_lines": [ 93.027995, 92.879471, 92.595562, 92.335213 ] }, { "date": "2023-08-25", "close": 93.238994, "volume": 748403, "typical_volume": 572592.55, "trend": 92.03419, "fair_value": 90.112886, "relative_strength": -6.379719, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.914692, "energy": 82.757432, "activity_lines": [ 93.118243, 92.968727, 92.68081, 92.41813 ] }, { "date": "2023-09-01", "close": 93.340721, "volume": 574703, "typical_volume": 572277.6, "trend": 92.115685, "fair_value": 90.137285, "relative_strength": -8.407962, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.969521, "energy": 77.164483, "activity_lines": [ 93.212374, 93.060702, 92.768331, 92.502422 ] }, { "date": "2023-09-08", "close": 93.420333, "volume": 531499, "typical_volume": 585506.95, "trend": 92.19865, "fair_value": 90.162085, "relative_strength": -7.04685, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.091577, "energy": 76.86136, "activity_lines": [ 93.302322, 93.150733, 92.855618, 92.586593 ] }, { "date": "2023-09-15", "close": 93.517636, "volume": 326119, "typical_volume": 551887.7, "trend": 92.282451, "fair_value": 90.187563, "relative_strength": -6.629286, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.186789, "energy": 75.751755, "activity_lines": [ 93.394551, 93.242184, 92.944347, 92.671689 ] }, { "date": "2023-09-22", "close": 93.607261, "volume": 285452, "typical_volume": 537323.9, "trend": 92.36689, "fair_value": 90.21361, "relative_strength": -3.478725, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.650596, "energy": 75.550302, "activity_lines": [ 93.485886, 93.333326, 93.033631, 92.757161 ] }, { "date": "2023-09-29", "close": 93.704963, "volume": 442808, "typical_volume": 534158.7, "trend": 92.45257, "fair_value": 90.24031, "relative_strength": -2.411721, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.813693, "energy": 74.719214, "activity_lines": [ 93.57921, 93.425752, 93.124166, 92.843488 ] }, { "date": "2023-10-06", "close": 93.802665, "volume": 892831, "typical_volume": 523075.05, "trend": 92.538047, "fair_value": 90.267583, "relative_strength": -2.500973, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.336439, "energy": 74.472318, "activity_lines": [ 93.674038, 93.519281, 93.215796, 92.930591 ] }, { "date": "2023-10-13", "close": 93.891485, "volume": 424154, "typical_volume": 503256.35, "trend": 92.617982, "fair_value": 90.295371, "relative_strength": -2.537097, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.449337, "energy": 74.110854, "activity_lines": [ 93.767675, 93.612182, 93.307376, 93.017909 ] }, { "date": "2023-10-20", "close": 94.060242, "volume": 738961, "typical_volume": 521000.6, "trend": 92.701029, "fair_value": 90.324285, "relative_strength": 0.205959, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.350116, "energy": 75.479907, "activity_lines": [ 93.886155, 93.718976, 93.406416, 93.110958 ] }, { "date": "2023-10-27", "close": 94.087407, "volume": 626646, "typical_volume": 523035.15, "trend": 92.784982, "fair_value": 90.353462, "relative_strength": 2.850699, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.476396, "energy": 73.408646, "activity_lines": [ 93.977517, 93.812452, 93.498918, 93.200402 ] }, { "date": "2023-11-03", "close": 94.212286, "volume": 1008155, "typical_volume": 546002.1, "trend": 92.869337, "fair_value": 90.383439, "relative_strength": -2.481509, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.621413, "energy": 74.158703, "activity_lines": [ 94.078495, 93.911564, 93.5946, 93.292486 ] }, { "date": "2023-11-10", "close": 94.297026, "volume": 391735, "typical_volume": 549086.35, "trend": 92.955921, "fair_value": 90.413905, "relative_strength": -3.5776, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.200099, "energy": 73.607132, "activity_lines": [ 94.173898, 94.008387, 93.689585, 93.384595 ] }, { "date": "2023-11-17", "close": 94.399605, "volume": 523981, "typical_volume": 552289.25, "trend": 93.043339, "fair_value": 90.444974, "relative_strength": -5.474916, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.40535, "energy": 73.562685, "activity_lines": [ 94.270536, 94.106473, 93.785486, 93.477736 ] }, { "date": "2023-11-24", "close": 94.551555, "volume": 383094, "typical_volume": 554410.75, "trend": 93.133667, "fair_value": 90.477006, "relative_strength": -6.09786, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.239922, "energy": 74.560252, "activity_lines": [ 94.38395, 94.214381, 93.886934, 93.57504 ] }, { "date": "2023-12-01", "close": 94.627712, "volume": 552782, "typical_volume": 554946.5, "trend": 93.224067, "fair_value": 90.509526, "relative_strength": -6.644475, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.289314, "energy": 73.994488, "activity_lines": [ 94.489996, 94.317338, 93.986362, 93.67143 ] }, { "date": "2023-12-08", "close": 94.712829, "volume": 1305069, "typical_volume": 603542.8, "trend": 93.315127, "fair_value": 90.542537, "relative_strength": -6.559895, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.931279, "energy": 74.40968, "activity_lines": [ 94.588393, 94.417217, 94.084721, 93.76748 ] }, { "date": "2023-12-15", "close": 94.838264, "volume": 523352, "typical_volume": 604597.8, "trend": 93.409207, "fair_value": 90.576372, "relative_strength": -8.32886, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.686399, "energy": 93.786039, "activity_lines": [ 94.695232, 94.521578, 94.185864, 93.865747 ] }, { "date": "2023-12-22", "close": 94.936161, "volume": 620356, "typical_volume": 578348.5, "trend": 93.504319, "fair_value": 90.610762, "relative_strength": -8.756423, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.487228, "energy": 92.11082, "activity_lines": [ 94.798622, 94.624909, 94.287004, 93.96426 ] }, { "date": "2023-12-29", "close": 95.062185, "volume": 324761, "typical_volume": 581036.75, "trend": 93.601592, "fair_value": 90.646124, "relative_strength": -8.631658, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.803147, "energy": 95.624551, "activity_lines": [ 94.908249, 94.732159, 94.390775, 94.064767 ] }, { "date": "2024-01-05", "close": 95.129697, "volume": 505829, "typical_volume": 586534.5, "trend": 93.697329, "fair_value": 90.68181, "relative_strength": -6.846546, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.358231, "energy": 94.989781, "activity_lines": [ 95.006338, 94.833467, 94.491422, 94.163355 ] }, { "date": "2024-01-12", "close": 95.264723, "volume": 632810, "typical_volume": 580754.85, "trend": 93.793778, "fair_value": 90.718388, "relative_strength": -8.176031, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.933141, "energy": 94.460242, "activity_lines": [ 95.11597, 94.940374, 94.595496, 94.264477 ] }, { "date": "2024-01-19", "close": 95.300729, "volume": 455229, "typical_volume": 574781.15, "trend": 93.889213, "fair_value": 90.755129, "relative_strength": -8.952965, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.860133, "energy": 88.975672, "activity_lines": [ 95.200811, 95.034693, 94.693352, 94.361699 ] }, { "date": "2024-01-26", "close": 95.395515, "volume": 511224, "typical_volume": 573767.4, "trend": 93.984883, "fair_value": 90.792585, "relative_strength": -9.540253, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.840607, "energy": 74.126065, "activity_lines": [ 95.286416, 95.127997, 94.790902, 94.45888 ] }, { "date": "2024-02-02", "close": 95.458527, "volume": 693836, "typical_volume": 592153.25, "trend": 94.080021, "fair_value": 90.830283, "relative_strength": -10.506996, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.525628, "energy": 73.644547, "activity_lines": [ 95.362402, 95.214649, 94.885048, 94.553954 ] }, { "date": "2024-02-09", "close": 95.557973, "volume": 433669, "typical_volume": 599564.1, "trend": 94.175258, "fair_value": 90.868727, "relative_strength": -11.356883, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.758965, "energy": 74.412741, "activity_lines": [ 95.445113, 95.302893, 94.979423, 94.649306 ] }, { "date": "2024-02-16", "close": 95.63789, "volume": 1101359, "typical_volume": 632491.65, "trend": 94.270235, "fair_value": 90.907574, "relative_strength": -10.699859, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.038325, "energy": 74.805271, "activity_lines": [ 95.525912, 95.388753, 95.072119, 94.743669 ] }, { "date": "2024-02-23", "close": 95.650882, "volume": 523197, "typical_volume": 614009.95, "trend": 94.3626, "fair_value": 90.946552, "relative_strength": -11.798925, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.636169, "energy": 78.16186, "activity_lines": [ 95.586164, 95.460155, 95.156848, 94.832743 ] }, { "date": "2024-03-01", "close": 95.805245, "volume": 510941, "typical_volume": 618349.3, "trend": 94.457174, "fair_value": 90.986492, "relative_strength": -12.184807, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.822925, "energy": 83.94252, "activity_lines": [ 95.674526, 95.544849, 95.247478, 94.925817 ] }, { "date": "2024-03-08", "close": 95.896047, "volume": 623296, "typical_volume": 612566.05, "trend": 94.551839, "fair_value": 91.027068, "relative_strength": -11.48624, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.004526, "energy": 84.138995, "activity_lines": [ 95.765841, 95.630251, 95.337642, 95.018648 ] }, { "date": "2024-03-15", "close": 95.986849, "volume": 341364, "typical_volume": 598301.95, "trend": 94.646447, "fair_value": 91.068117, "relative_strength": -10.950162, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.206394, "energy": 86.604846, "activity_lines": [ 95.858255, 95.717002, 95.427712, 95.111229 ] }, { "date": "2024-03-22", "close": 96.086267, "volume": 598693, "typical_volume": 577828.85, "trend": 94.741356, "fair_value": 91.109904, "relative_strength": -12.402677, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.647562, "energy": 94.549805, "activity_lines": [ 95.955216, 95.806243, 95.518206, 95.20412 ] }, { "date": "2024-03-29", "close": 96.16833, "volume": 688420, "typical_volume": 592663.1, "trend": 94.83561, "fair_value": 91.152189, "relative_strength": -12.294395, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.514742, "energy": 94.606288, "activity_lines": [ 96.04964, 95.895468, 95.607591, 95.296183 ] }, { "date": "2024-04-05", "close": 96.259511, "volume": 2511813, "typical_volume": 692054.7, "trend": 94.930249, "fair_value": 91.194978, "relative_strength": -11.085826, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.592978, "energy": 86.713434, "activity_lines": [ 96.139961, 95.985497, 95.696749, 95.388048 ] }, { "date": "2024-04-12", "close": 96.277747, "volume": 558406, "typical_volume": 700820.3, "trend": 95.022253, "fair_value": 91.237964, "relative_strength": -9.44005, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.752221, "energy": 80.118739, "activity_lines": [ 96.206077, 96.063132, 95.778788, 95.474983 ] }, { "date": "2024-04-19", "close": 96.441872, "volume": 878469, "typical_volume": 717104.65, "trend": 95.11674, "fair_value": 91.281972, "relative_strength": -6.141272, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.760391, "energy": 90.719116, "activity_lines": [ 96.301454, 96.155714, 95.868237, 95.566572 ] }, { "date": "2024-04-26", "close": 96.523579, "volume": 676362, "typical_volume": 685669.3, "trend": 95.210693, "fair_value": 91.326558, "relative_strength": -8.192667, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.89871, "energy": 90.205588, "activity_lines": [ 96.393732, 96.24708, 95.956829, 95.657335 ] }, { "date": "2024-05-03", "close": 96.665491, "volume": 603365, "typical_volume": 689669.95, "trend": 95.306121, "fair_value": 91.372026, "relative_strength": -8.28761, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.359569, "energy": 96.267604, "activity_lines": [ 96.504159, 96.348145, 96.050314, 95.751193 ] }, { "date": "2024-05-10", "close": 96.720425, "volume": 442245, "typical_volume": 680764.4, "trend": 95.400419, "fair_value": 91.417874, "relative_strength": -9.571928, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.491068, "energy": 94.911332, "activity_lines": [ 96.599754, 96.440751, 96.14033, 95.842439 ] }, { "date": "2024-05-17", "close": 96.830293, "volume": 816146, "typical_volume": 705333.65, "trend": 95.492754, "fair_value": 91.464354, "relative_strength": -10.605565, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.877161, "energy": 76.412486, "activity_lines": [ 96.701245, 96.536693, 96.232312, 95.934689 ] }, { "date": "2024-05-24", "close": 96.91082, "volume": 631288, "typical_volume": 711606.6, "trend": 95.586868, "fair_value": 91.511419, "relative_strength": -10.197079, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.495385, "energy": 75.925368, "activity_lines": [ 96.792741, 96.63029, 96.323545, 96.026177 ] }, { "date": "2024-05-31", "close": 97.002757, "volume": 395170, "typical_volume": 699724.6, "trend": 95.679884, "fair_value": 91.559045, "relative_strength": -9.464113, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.169716, "energy": 76.167691, "activity_lines": [ 96.883619, 96.723803, 96.415052, 96.117525 ] }, { "date": "2024-06-07", "close": 97.099291, "volume": 482586, "typical_volume": 701092.45, "trend": 95.773292, "fair_value": 91.607345, "relative_strength": -10.195725, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.683665, "energy": 76.345725, "activity_lines": [ 96.97473, 96.818205, 96.507476, 96.209099 ] }, { "date": "2024-06-14", "close": 97.200422, "volume": 846040, "typical_volume": 717833.25, "trend": 95.866653, "fair_value": 91.656293, "relative_strength": -11.273392, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.308988, "energy": 76.187617, "activity_lines": [ 97.070632, 96.914067, 96.600967, 96.301172 ] }, { "date": "2024-06-21", "close": 97.287762, "volume": 454685, "typical_volume": 705875.7, "trend": 95.95786, "fair_value": 91.705801, "relative_strength": -11.443718, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.840139, "energy": 76.029214, "activity_lines": [ 97.163647, 97.008702, 96.694181, 96.392857 ] }, { "date": "2024-06-28", "close": 97.372047, "volume": 648340, "typical_volume": 716609.25, "trend": 96.049338, "fair_value": 91.755877, "relative_strength": -11.042126, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.0869, "energy": 75.763501, "activity_lines": [ 97.254259, 97.100298, 96.786712, 96.484094 ] }, { "date": "2024-07-05", "close": 97.482833, "volume": 464104, "typical_volume": 684746.5, "trend": 96.141671, "fair_value": 91.806635, "relative_strength": -12.292278, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.78389, "energy": 85.771145, "activity_lines": [ 97.351052, 97.195124, 96.881156, 96.576578 ] }, { "date": "2024-07-12", "close": 97.482833, "volume": 600722, "typical_volume": 688622.75, "trend": 96.229823, "fair_value": 91.857416, "relative_strength": -12.836156, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.175954, "energy": 87.180944, "activity_lines": [ 97.415839, 97.27251, 96.966814, 96.663105 ] }, { "date": "2024-07-19", "close": 97.695174, "volume": 696011, "typical_volume": 697876.25, "trend": 96.321791, "fair_value": 91.909532, "relative_strength": -10.636702, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.485039, "energy": 87.047899, "activity_lines": [ 97.525837, 97.373641, 97.063971, 96.757643 ] }, { "date": "2024-07-26", "close": 97.813338, "volume": 569564, "typical_volume": 695189.65, "trend": 96.413496, "fair_value": 91.962432, "relative_strength": -9.549635, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.493534, "energy": 90.635267, "activity_lines": [ 97.64224, 97.478535, 97.163382, 96.853872 ] }, { "date": "2024-08-02", "close": 97.998784, "volume": 635497, "typical_volume": 709896.3, "trend": 96.509132, "fair_value": 92.016522, "relative_strength": -7.172165, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.630468, "energy": 78.433506, "activity_lines": [ 97.78542, 97.599273, 97.271326, 96.956149 ] }, { "date": "2024-08-09", "close": 98.054417, "volume": 1291953, "typical_volume": 744559.3, "trend": 96.602122, "fair_value": 92.070941, "relative_strength": -6.884081, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.664352, "energy": 91.764526, "activity_lines": [ 97.905361, 97.710344, 97.374986, 97.055845 ] }, { "date": "2024-08-16", "close": 98.137868, "volume": 1371255, "typical_volume": 778701.05, "trend": 96.696693, "fair_value": 92.125895, "relative_strength": -10.04474, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.574648, "energy": 95.273788, "activity_lines": [ 98.015014, 97.817467, 97.477223, 97.154925 ] }, { "date": "2024-08-23", "close": 98.235436, "volume": 1108536, "typical_volume": 708537.2, "trend": 96.791357, "fair_value": 92.181474, "relative_strength": -10.858278, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.351818, "energy": 94.18539, "activity_lines": [ 98.113521, 97.923447, 97.579372, 97.254199 ] }, { "date": "2024-08-30", "close": 98.365833, "volume": 415732, "typical_volume": 701403.5, "trend": 96.888267, "fair_value": 92.237889, "relative_strength": -10.67627, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.491276, "energy": 91.970237, "activity_lines": [ 98.219475, 98.034317, 97.684532, 97.355778 ] }, { "date": "2024-09-06", "close": 98.477602, "volume": 803170, "typical_volume": 697638.55, "trend": 96.985588, "fair_value": 92.295021, "relative_strength": -6.435582, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.882953, "energy": 82.603876, "activity_lines": [ 98.325854, 98.145907, 97.790393, 97.458316 ] }, { "date": "2024-09-13", "close": 98.580056, "volume": 995962, "typical_volume": 713618.55, "trend": 97.08366, "fair_value": 92.352864, "relative_strength": -9.60966, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.029753, "energy": 85.645013, "activity_lines": [ 98.434462, 98.256024, 97.896317, 97.561185 ] }, { "date": "2024-09-20", "close": 98.710453, "volume": 767438, "typical_volume": 721822.2, "trend": 97.185646, "fair_value": 92.411597, "relative_strength": -10.344308, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.7949, "energy": 84.698083, "activity_lines": [ 98.551493, 98.3699, 98.004867, 97.666139 ] }, { "date": "2024-09-27", "close": 98.816072, "volume": 621786, "typical_volume": 730799.25, "trend": 97.286007, "fair_value": 92.470926, "relative_strength": -10.315599, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.074792, "energy": 89.851921, "activity_lines": [ 98.665558, 98.480659, 98.113739, 97.771328 ] }, { "date": "2024-10-04", "close": 98.862838, "volume": 863874, "typical_volume": 733185.65, "trend": 97.3849, "fair_value": 92.530608, "relative_strength": -10.071906, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.875786, "energy": 91.52368, "activity_lines": [ 98.756503, 98.579542, 98.217085, 97.873059 ] }, { "date": "2024-10-11", "close": 98.92831, "volume": 700421, "typical_volume": 736642.3, "trend": 97.482949, "fair_value": 92.590711, "relative_strength": -10.59032, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.139436, "energy": 75.515204, "activity_lines": [ 98.836139, 98.671246, 98.316987, 97.972634 ] }, { "date": "2024-10-18", "close": 99.003135, "volume": 403489, "typical_volume": 737058.25, "trend": 97.580178, "fair_value": 92.65132, "relative_strength": -10.777282, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.306638, "energy": 91.847438, "activity_lines": [ 98.910668, 98.759654, 98.414409, 98.07071 ] }, { "date": "2024-10-25", "close": 99.034002, "volume": 544725, "typical_volume": 740165.2, "trend": 97.6757, "fair_value": 92.712072, "relative_strength": -9.332042, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.490487, "energy": 85.363462, "activity_lines": [ 98.967282, 98.836426, 98.505245, 98.164505 ] }, { "date": "2024-11-01", "close": 99.174406, "volume": 551444, "typical_volume": 725435.4, "trend": 97.772863, "fair_value": 92.773725, "relative_strength": -7.497687, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.104689, "energy": 88.147728, "activity_lines": [ 99.049127, 98.922432, 98.60024, 98.261196 ] }, { "date": "2024-11-08", "close": 99.250008, "volume": 674821, "typical_volume": 736442.2, "trend": 97.871939, "fair_value": 92.835835, "relative_strength": -11.164713, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.189911, "energy": 85.193711, "activity_lines": [ 99.132283, 99.005111, 98.693035, 98.356496 ] }, { "date": "2024-11-15", "close": 99.334532, "volume": 470351, "typical_volume": 727542.75, "trend": 97.968361, "fair_value": 92.898514, "relative_strength": -8.800162, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.238642, "energy": 76.914295, "activity_lines": [ 99.217803, 99.087083, 98.784536, 98.450856 ] }, { "date": "2024-11-22", "close": 99.414958, "volume": 612029, "typical_volume": 734939.0, "trend": 98.06474, "fair_value": 92.961791, "relative_strength": -9.816112, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.064983, "energy": 81.120669, "activity_lines": [ 99.30305, 99.168097, 98.874351, 98.544185 ] }, { "date": "2024-11-29", "close": 99.480958, "volume": 489449, "typical_volume": 729375.35, "trend": 98.158589, "fair_value": 93.025544, "relative_strength": -10.402828, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.581672, "energy": 76.648937, "activity_lines": [ 99.382843, 99.245931, 98.961252, 98.635554 ] }, { "date": "2024-12-06", "close": 99.603529, "volume": 1181867, "typical_volume": 753668.15, "trend": 98.254692, "fair_value": 93.090057, "relative_strength": -10.651715, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.228712, "energy": 83.59537, "activity_lines": [ 99.473695, 99.332041, 99.050311, 98.728776 ] }, { "date": "2024-12-13", "close": 99.697815, "volume": 1007446, "typical_volume": 775562.25, "trend": 98.350276, "fair_value": 93.155173, "relative_strength": -9.665087, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.359604, "energy": 85.304776, "activity_lines": [ 99.567368, 99.420977, 99.139262, 98.821881 ] }, { "date": "2024-12-20", "close": 99.773244, "volume": 652785, "typical_volume": 776426.65, "trend": 98.44569, "fair_value": 93.220785, "relative_strength": -7.573771, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.320647, "energy": 86.366977, "activity_lines": [ 99.656329, 99.508446, 99.226423, 98.913685 ] }, { "date": "2024-12-27", "close": 99.871978, "volume": 778171, "typical_volume": 750737.55, "trend": 98.541331, "fair_value": 93.287029, "relative_strength": -7.745229, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.032395, "energy": 86.859783, "activity_lines": [ 99.748955, 99.598504, 99.314538, 99.005704 ] }, { "date": "2025-01-03", "close": 99.947675, "volume": 667529, "typical_volume": 715551.25, "trend": 98.636277, "fair_value": 93.353867, "relative_strength": -6.833054, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.465058, "energy": 79.898161, "activity_lines": [ 99.836345, 99.686528, 99.401207, 99.096436 ] }, { "date": "2025-01-10", "close": 100.013909, "volume": 556364, "typical_volume": 687942.65, "trend": 98.73006, "fair_value": 93.421212, "relative_strength": -4.625973, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.10876, "energy": 77.024273, "activity_lines": [ 99.914699, 99.769982, 99.485566, 99.185315 ] }, { "date": "2025-01-17", "close": 100.070682, "volume": 848824, "typical_volume": 709597.25, "trend": 98.822824, "fair_value": 93.488866, "relative_strength": -6.977981, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.908289, "energy": 75.754227, "activity_lines": [ 99.984618, 99.848495, 99.566863, 99.271807 ] }, { "date": "2025-01-24", "close": 100.179885, "volume": 1211437, "typical_volume": 730010.6, "trend": 98.916419, "fair_value": 93.557355, "relative_strength": -8.139676, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.242082, "energy": 76.914392, "activity_lines": [ 100.066081, 99.931942, 99.650441, 99.359359 ] }, { "date": "2025-01-31", "close": 100.265363, "volume": 774046, "typical_volume": 718914.8, "trend": 99.00917, "fair_value": 93.626638, "relative_strength": -6.83241, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.07277, "energy": 77.209261, "activity_lines": [ 100.148926, 100.01556, 99.734055, 99.446388 ] }, { "date": "2025-02-07", "close": 100.322348, "volume": 976699, "typical_volume": 729377.85, "trend": 99.10382, "fair_value": 93.696394, "relative_strength": -6.353557, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.851671, "energy": 76.431233, "activity_lines": [ 100.224541, 100.094077, 99.81507, 99.531109 ] }, { "date": "2025-02-14", "close": 100.436319, "volume": 839748, "typical_volume": 740275.95, "trend": 99.195192, "fair_value": 93.766691, "relative_strength": -7.328631, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.596609, "energy": 77.391711, "activity_lines": [ 100.313169, 100.178018, 99.899264, 99.617077 ] }, { "date": "2025-02-21", "close": 100.493304, "volume": 652942, "typical_volume": 729729.35, "trend": 99.284524, "fair_value": 93.837375, "relative_strength": -5.529939, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.128227, "energy": 81.585133, "activity_lines": [ 100.39263, 100.257178, 99.98117, 99.700826 ] }, { "date": "2025-02-28", "close": 100.593128, "volume": 913410, "typical_volume": 740378.8, "trend": 99.371002, "fair_value": 93.908536, "relative_strength": -4.312803, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.925525, "energy": 77.156578, "activity_lines": [ 100.477191, 100.340025, 100.064818, 99.785252 ] }, { "date": "2025-03-07", "close": 100.678909, "volume": 1603068, "typical_volume": 800357.75, "trend": 99.458485, "fair_value": 93.980329, "relative_strength": -1.033564, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.117297, "energy": 77.22702, "activity_lines": [ 100.562797, 100.423562, 100.148709, 99.869633 ] }, { "date": "2025-03-14", "close": 100.764691, "volume": 999732, "typical_volume": 823108.1, "trend": 99.546046, "fair_value": 94.05259, "relative_strength": 1.480136, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.197399, "energy": 86.686011, "activity_lines": [ 100.649427, 100.508023, 100.232789, 99.953904 ] }, { "date": "2025-03-21", "close": 100.850472, "volume": 605840, "typical_volume": 825827.9, "trend": 99.633214, "fair_value": 94.125534, "relative_strength": 1.138558, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.380632, "energy": 88.739245, "activity_lines": [ 100.735161, 100.593227, 100.316798, 100.038061 ] }, { "date": "2025-03-28", "close": 100.92091, "volume": 998222, "typical_volume": 841997.95, "trend": 99.718383, "fair_value": 94.198903, "relative_strength": 2.775639, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.179597, "energy": 90.669561, "activity_lines": [ 100.816764, 100.676027, 100.399533, 100.121138 ] }, { "date": "2025-04-04", "close": 101.03568, "volume": 1949771, "typical_volume": 915968.95, "trend": 99.803652, "fair_value": 94.273034, "relative_strength": 13.004951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.392296, "energy": 83.42386, "activity_lines": [ 100.908116, 100.764235, 100.485243, 100.206125 ] }, { "date": "2025-04-11", "close": 101.073936, "volume": 5237405, "typical_volume": 1147237.75, "trend": 99.886782, "fair_value": 94.347356, "relative_strength": 6.997876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.089792, "energy": 76.168628, "activity_lines": [ 100.982718, 100.843839, 100.566495, 100.288079 ] }, { "date": "2025-04-18", "close": 101.160014, "volume": 2053073, "typical_volume": 1225418.95, "trend": 99.968434, "fair_value": 94.422235, "relative_strength": 8.680763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.551706, "energy": 76.680324, "activity_lines": [ 101.059676, 100.924393, 100.648045, 100.370223 ] }, { "date": "2025-04-25", "close": 101.240746, "volume": 1472245, "typical_volume": 1239937.85, "trend": 100.049256, "fair_value": 94.497496, "relative_strength": 4.077129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.365454, "energy": 78.292967, "activity_lines": [ 101.137191, 101.004395, 100.729289, 100.452307 ] }, { "date": "2025-05-02", "close": 101.30792, "volume": 3739766, "typical_volume": 1376553.85, "trend": 100.130759, "fair_value": 94.573078, "relative_strength": 1.324241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.960074, "energy": 76.467662, "activity_lines": [ 101.211079, 101.081984, 100.809133, 100.533511 ] }, { "date": "2025-05-09", "close": 101.38469, "volume": 919244, "typical_volume": 1389876.8, "trend": 100.212638, "fair_value": 94.649153, "relative_strength": 1.929255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.371706, "energy": 76.61086, "activity_lines": [ 101.284755, 101.15872, 100.888622, 100.61441 ] }, { "date": "2025-05-16", "close": 101.451864, "volume": 1967277, "typical_volume": 1449332.1, "trend": 100.294263, "fair_value": 94.725604, "relative_strength": -2.975582, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.094536, "energy": 76.154995, "activity_lines": [ 101.357556, 101.233278, 100.966835, 100.69436 ] }, { "date": "2025-05-23", "close": 101.53778, "volume": 1317990, "typical_volume": 1481855.15, "trend": 100.377722, "fair_value": 94.802476, "relative_strength": -0.253719, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.016745, "energy": 76.469222, "activity_lines": [ 101.433801, 101.309403, 101.045707, 100.774587 ] }, { "date": "2025-05-30", "close": 101.609977, "volume": 809734, "typical_volume": 1494523.65, "trend": 100.458907, "fair_value": 94.87981, "relative_strength": -1.774703, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.950338, "energy": 76.450897, "activity_lines": [ 101.508926, 101.384598, 101.123884, 100.854088 ] }, { "date": "2025-06-06", "close": 101.6918, "volume": 586210, "typical_volume": 1481392.95, "trend": 100.540301, "fair_value": 94.95775, "relative_strength": -3.142429, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.799832, "energy": 76.753629, "activity_lines": [ 101.586711, 101.460862, 101.202252, 100.933629 ] }, { "date": "2025-06-13", "close": 101.76881, "volume": 1357555, "typical_volume": 1488698.85, "trend": 100.621443, "fair_value": 95.036212, "relative_strength": -2.605281, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.682217, "energy": 76.92382, "activity_lines": [ 101.664574, 101.537111, 101.280235, 101.012888 ] }, { "date": "2025-06-20", "close": 101.855446, "volume": 1320925, "typical_volume": 1516042.8, "trend": 100.702793, "fair_value": 95.115106, "relative_strength": -2.263867, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.35629, "energy": 86.432485, "activity_lines": [ 101.745707, 101.615782, 101.358903, 101.092501 ] }, { "date": "2025-06-27", "close": 101.943884, "volume": 1285518, "typical_volume": 1531483.75, "trend": 100.78489, "fair_value": 95.1944, "relative_strength": -5.301387, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.886079, "energy": 83.636469, "activity_lines": [ 101.829414, 101.696324, 101.438422, 101.172571 ] }, { "date": "2025-07-04", "close": 102.012085, "volume": 871139, "typical_volume": 1533053.3, "trend": 100.865175, "fair_value": 95.27413, "relative_strength": -6.666704, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.110158, "energy": 88.565312, "activity_lines": [ 101.908781, 101.775013, 101.516714, 101.251745 ] }, { "date": "2025-07-11", "close": 102.098447, "volume": 782739, "typical_volume": 1539543.15, "trend": 100.945197, "fair_value": 95.354467, "relative_strength": -6.200804, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.633578, "energy": 88.304002, "activity_lines": [ 101.990129, 101.855381, 101.595728, 101.331311 ] }, { "date": "2025-07-18", "close": 102.180559, "volume": 761241, "typical_volume": 1531934.7, "trend": 101.02544, "fair_value": 95.435179, "relative_strength": -6.539067, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.783405, "energy": 89.882362, "activity_lines": [ 102.071737, 101.936305, 101.674919, 101.411012 ] }, { "date": "2025-07-25", "close": 102.251504, "volume": 730872, "typical_volume": 1488324.9, "trend": 101.104758, "fair_value": 95.5161, "relative_strength": -7.653598, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.026055, "energy": 89.984694, "activity_lines": [ 102.149543, 102.015657, 101.753306, 101.490113 ] }, { "date": "2025-08-01", "close": 102.377537, "volume": 744336, "typical_volume": 1475555.1, "trend": 101.185753, "fair_value": 95.597856, "relative_strength": -5.026425, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.665438, "energy": 89.273283, "activity_lines": [ 102.242957, 102.103386, 101.836209, 101.572227 ] }, { "date": "2025-08-08", "close": 102.455096, "volume": 963363, "typical_volume": 1493431.25, "trend": 101.267126, "fair_value": 95.679837, "relative_strength": -6.997936, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.48001, "energy": 91.905696, "activity_lines": [ 102.333314, 102.189948, 101.918818, 101.654121 ] }, { "date": "2025-08-15", "close": 102.54235, "volume": 797955, "typical_volume": 1483417.9, "trend": 101.349515, "fair_value": 95.762078, "relative_strength": -7.620054, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.87191, "energy": 96.790474, "activity_lines": [ 102.423221, 102.277009, 102.002095, 101.736393 ] }, { "date": "2025-08-22", "close": 102.63359, "volume": 1065352, "typical_volume": 1439196.95, "trend": 101.431305, "fair_value": 95.844812, "relative_strength": -7.621655, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.071231, "energy": 97.354095, "activity_lines": [ 102.513948, 102.365194, 102.086342, 101.819237 ] }, { "date": "2025-08-29", "close": 102.730864, "volume": 875901, "typical_volume": 1221121.75, "trend": 101.513489, "fair_value": 95.927952, "relative_strength": -7.316548, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.191427, "energy": 95.827022, "activity_lines": [ 102.606897, 102.455342, 102.172243, 101.903079 ] }, { "date": "2025-09-05", "close": 102.847592, "volume": 823929, "typical_volume": 1159664.55, "trend": 101.597663, "fair_value": 96.011867, "relative_strength": -7.259419, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.297716, "energy": 94.355496, "activity_lines": [ 102.706799, 102.550796, 102.261371, 101.98915 ] }, { "date": "2025-09-12", "close": 102.930275, "volume": 706909, "typical_volume": 1121397.75, "trend": 101.680795, "fair_value": 96.096503, "relative_strength": -8.404639, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.254664, "energy": 85.556393, "activity_lines": [ 102.802924, 102.644853, 102.350337, 102.075125 ] }, { "date": "2025-09-19", "close": 103.00323, "volume": 746820, "typical_volume": 971750.45, "trend": 101.76446, "fair_value": 96.181453, "relative_strength": -9.248277, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.625229, "energy": 78.686157, "activity_lines": [ 102.89169, 102.73548, 102.438206, 102.160444 ] }, { "date": "2025-09-26", "close": 103.064546, "volume": 691663, "typical_volume": 960371.4, "trend": 101.84684, "fair_value": 96.26644, "relative_strength": -8.738439, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.733272, "energy": 86.432132, "activity_lines": [ 102.970168, 102.820805, 102.523842, 102.24432 ] }, { "date": "2025-10-03", "close": 103.152385, "volume": 1013507, "typical_volume": 912682.9, "trend": 101.929289, "fair_value": 96.351664, "relative_strength": -9.460234, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.690539, "energy": 82.352488, "activity_lines": [ 103.049196, 102.906028, 102.609844, 102.328549 ] }, { "date": "2025-10-10", "close": 103.249984, "volume": 1031260, "typical_volume": 898346.4, "trend": 102.012132, "fair_value": 96.437594, "relative_strength": -6.973848, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.213015, "energy": 77.618211, "activity_lines": [ 103.132656, 102.992617, 102.697044, 102.413755 ] }, { "date": "2025-10-17", "close": 103.318303, "volume": 842830, "typical_volume": 900001.2, "trend": 102.094393, "fair_value": 96.523799, "relative_strength": -8.34048, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.147781, "energy": 77.245395, "activity_lines": [ 103.212062, 103.075764, 102.782597, 102.498024 ] }, { "date": "2025-10-24", "close": 103.389746, "volume": 1004041, "typical_volume": 920892.75, "trend": 102.176688, "fair_value": 96.610182, "relative_strength": -9.809814, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.394198, "energy": 76.981276, "activity_lines": [ 103.289414, 103.156207, 102.866819, 102.581595 ] }, { "date": "2025-10-31", "close": 103.458294, "volume": 865346, "typical_volume": 896282.3, "trend": 102.257442, "fair_value": 96.696703, "relative_strength": -10.140524, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.236355, "energy": 84.84654, "activity_lines": [ 103.363848, 103.233705, 102.949484, 102.664279 ] }, { "date": "2025-11-07", "close": 103.546329, "volume": 851639, "typical_volume": 872818.0, "trend": 102.339855, "fair_value": 96.783844, "relative_strength": -8.435675, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.59658, "energy": 86.026586, "activity_lines": [ 103.441377, 103.312216, 103.032488, 102.747433 ] }, { "date": "2025-11-14", "close": 103.59539, "volume": 880019, "typical_volume": 852543.05, "trend": 102.421034, "fair_value": 96.870423, "relative_strength": -8.340539, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.370244, "energy": 84.417223, "activity_lines": [ 103.508996, 103.38482, 103.112113, 102.828436 ] }, { "date": "2025-11-21", "close": 103.67373, "volume": 915231, "typical_volume": 854747.65, "trend": 102.502134, "fair_value": 96.957113, "relative_strength": -6.350975, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.530094, "energy": 83.868541, "activity_lines": [ 103.579702, 103.458071, 103.191334, 102.909255 ] }, { "date": "2025-11-28", "close": 103.755728, "volume": 703473, "typical_volume": 850784.35, "trend": 102.583727, "fair_value": 97.04378, "relative_strength": -9.459425, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.716299, "energy": 77.444684, "activity_lines": [ 103.654045, 103.532714, 103.270452, 102.990132 ] }, { "date": "2025-12-05", "close": 103.84414, "volume": 995498, "typical_volume": 862497.2, "trend": 102.665709, "fair_value": 97.130438, "relative_strength": -9.536711, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.965453, "energy": 81.576268, "activity_lines": [ 103.733461, 103.609749, 103.350099, 103.071449 ] }, { "date": "2025-12-12", "close": 103.942375, "volume": 723642, "typical_volume": 862135.7, "trend": 102.748726, "fair_value": 97.217149, "relative_strength": -8.776787, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.916245, "energy": 78.215584, "activity_lines": [ 103.819898, 103.690472, 103.431179, 103.153814 ] }, { "date": "2025-12-19", "close": 104.030786, "volume": 829888, "typical_volume": 866413.3, "trend": 102.831826, "fair_value": 97.303856, "relative_strength": -8.621663, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.808375, "energy": 83.116563, "activity_lines": [ 103.909402, 103.772905, 103.512628, 103.236528 ] }, { "date": "2025-12-26", "close": 104.097197, "volume": 580027, "typical_volume": 847246.5, "trend": 102.914733, "fair_value": 97.390822, "relative_strength": -9.653294, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.022967, "energy": 79.391568, "activity_lines": [ 103.992017, 103.853217, 103.592529, 103.318165 ] }, { "date": "2026-01-02", "close": 104.166188, "volume": 749800, "typical_volume": 844838.75, "trend": 102.997213, "fair_value": 97.477736, "relative_strength": -8.455037, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.295834, "energy": 81.539553, "activity_lines": [ 104.069398, 103.931911, 103.671181, 103.398904 ] }, { "date": "2026-01-09", "close": 104.225323, "volume": 974639, "typical_volume": 840303.1, "trend": 103.079097, "fair_value": 97.564477, "relative_strength": -9.589512, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.127122, "energy": 88.303396, "activity_lines": [ 104.139127, 104.007239, 103.747732, 103.478137 ] }, { "date": "2026-01-16", "close": 104.294313, "volume": 1230537, "typical_volume": 858034.9, "trend": 103.160392, "fair_value": 97.651295, "relative_strength": -9.01816, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.251311, "energy": 77.201152, "activity_lines": [ 104.20644, 104.081166, 103.823275, 103.556538 ] }, { "date": "2026-01-23", "close": 104.353701, "volume": 829172, "typical_volume": 858297.05, "trend": 103.24072, "fair_value": 97.738006, "relative_strength": -8.482917, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.739942, "energy": 76.753581, "activity_lines": [ 104.270087, 104.15229, 103.897028, 103.633525 ] }, { "date": "2026-01-30", "close": 104.413021, "volume": 741661, "typical_volume": 860034.65, "trend": 103.320751, "fair_value": 97.824654, "relative_strength": -8.605848, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.189618, "energy": 76.558523, "activity_lines": [ 104.331979, 104.220412, 103.969259, 103.709158 ] }, { "date": "2026-02-06", "close": 104.492114, "volume": 860311, "typical_volume": 865709.2, "trend": 103.40054, "fair_value": 97.911582, "relative_strength": -8.169112, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.870464, "energy": 77.145, "activity_lines": [ 104.39918, 104.289473, 104.041961, 103.784729 ] }, { "date": "2026-02-13", "close": 104.581094, "volume": 972221, "typical_volume": 879737.1, "trend": 103.480558, "fair_value": 97.998617, "relative_strength": -6.750813, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.394981, "energy": 77.677098, "activity_lines": [ 104.474314, 104.361324, 104.116048, 103.860894 ] }, { "date": "2026-02-20", "close": 104.620641, "volume": 2693991, "typical_volume": 963761.3, "trend": 103.559529, "fair_value": 98.085454, "relative_strength": -7.563255, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.272614, "energy": 76.585737, "activity_lines": [ 104.538911, 104.426966, 104.18668, 103.934448 ] }, { "date": "2026-02-27", "close": 104.702961, "volume": 821298, "typical_volume": 953263.2, "trend": 103.637043, "fair_value": 98.172431, "relative_strength": -6.823063, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.201984, "energy": 77.262121, "activity_lines": [ 104.609193, 104.495243, 104.25816, 104.008218 ] }, { "date": "2026-03-06", "close": 104.752546, "volume": 2065220, "typical_volume": 1014382.7, "trend": 103.713625, "fair_value": 98.25906, "relative_strength": -4.656189, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.4426, "energy": 79.137063, "activity_lines": [ 104.67272, 104.560314, 104.327444, 104.080186 ] }, { "date": "2026-03-13", "close": 104.821965, "volume": 4757861, "typical_volume": 1202073.7, "trend": 103.789612, "fair_value": 98.344499, "relative_strength": -2.878149, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.550706, "energy": 86.980932, "activity_lines": [ 104.736751, 104.626091, 104.396509, 104.151692 ] }, { "date": "2026-03-20", "close": 104.871549, "volume": 1065289, "typical_volume": 1212070.85, "trend": 103.86421, "fair_value": 98.429773, "relative_strength": -0.827082, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.454617, "energy": 86.100549, "activity_lines": [ 104.79532, 104.68896, 104.463476, 104.221494 ] }, { "date": "2026-03-27", "close": 104.947085, "volume": 995976, "typical_volume": 1219287.7, "trend": 103.938084, "fair_value": 98.515531, "relative_strength": 1.729042, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.294206, "energy": 84.186017, "activity_lines": [ 104.859705, 104.753814, 104.530908, 104.291357 ] }, { "date": "2026-04-03", "close": 105.026643, "volume": 1466854, "typical_volume": 1248629.45, "trend": 104.010719, "fair_value": 98.601076, "relative_strength": -1.076202, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.572591, "energy": 77.742121, "activity_lines": [ 104.928845, 104.821264, 104.599246, 104.361587 ] }, { "date": "2026-04-10", "close": 105.086312, "volume": 3392735, "typical_volume": 1372504.65, "trend": 104.082587, "fair_value": 98.686889, "relative_strength": -4.042711, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.403373, "energy": 77.332085, "activity_lines": [ 104.996297, 104.887328, 104.666451, 104.43098 ] }, { "date": "2026-04-17", "close": 105.175815, "volume": 922671, "typical_volume": 1383464.55, "trend": 104.155007, "fair_value": 98.772779, "relative_strength": -7.600042, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.997805, "energy": 77.890462, "activity_lines": [ 105.071331, 104.957423, 104.735454, 104.50151 ] }, { "date": "2026-04-24", "close": 104.930659, "volume": 1167693, "typical_volume": 1392074.3, "trend": 104.217211, "fair_value": 98.856682, "relative_strength": -7.875071, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.591051, "energy": 68.854206, "activity_lines": [ 105.041057, 104.970513, 104.774347, 104.551553 ] }, { "date": "2026-05-01", "close": 105.010182, "volume": 1308313, "typical_volume": 1421307.85, "trend": 104.279137, "fair_value": 98.940621, "relative_strength": -8.275779, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.110222, "energy": 68.038167, "activity_lines": [ 105.033351, 104.991707, 104.815639, 104.602712 ] }, { "date": "2026-05-08", "close": 105.069824, "volume": 3139459, "typical_volume": 1536786.4, "trend": 104.339798, "fair_value": 99.024523, "relative_strength": -9.90687, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.022122, "energy": 69.816703, "activity_lines": [ 105.041318, 105.016662, 104.857526, 104.653724 ] }, { "date": "2026-05-15", "close": 105.144377, "volume": 1258167, "typical_volume": 1570693.4, "trend": 104.400668, "fair_value": 99.108681, "relative_strength": -9.697561, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.024663, "energy": 71.698021, "activity_lines": [ 105.071257, 105.048502, 104.901567, 104.705632 ] }, { "date": "2026-05-22", "close": 105.204993, "volume": 2503349, "typical_volume": 1658370.85, "trend": 104.461176, "fair_value": 99.192797, "relative_strength": -10.03134, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.688349, "energy": 73.711474, "activity_lines": [ 105.117531, 105.084238, 104.946393, 104.757524 ] }, { "date": "2026-05-29", "close": 105.284755, "volume": 1466778, "typical_volume": 1682977.8, "trend": 104.522058, "fair_value": 99.277033, "relative_strength": -10.868599, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.321046, "energy": 74.922569, "activity_lines": [ 105.188447, 105.127513, 104.993869, 104.810658 ] }, { "date": "2026-06-05", "close": 105.334605, "volume": 1009669, "typical_volume": 1671934.4, "trend": 104.581667, "fair_value": 99.36086, "relative_strength": -8.211421, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.773614, "energy": 75.840138, "activity_lines": [ 105.252373, 105.172339, 105.041048, 104.863081 ] }, { "date": "2026-06-12", "close": 105.424337, "volume": 1021827, "typical_volume": 1681567.15, "trend": 104.642632, "fair_value": 99.444534, "relative_strength": -8.310105, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.760665, "energy": 90.764091, "activity_lines": [ 105.324582, 105.226433, 105.091819, 104.917447 ] }, { "date": "2026-06-19", "close": 105.152746, "volume": 709169, "typical_volume": 1679942.55, "trend": 104.691932, "fair_value": 99.52604, "relative_strength": -9.022853, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.830587, "energy": 67.355545, "activity_lines": [ 105.282626, 105.223917, 105.111626, 104.950357 ] }, { "date": "2026-06-26", "close": 105.233279, "volume": 943902, "typical_volume": 1684122.1, "trend": 104.741184, "fair_value": 99.607501, "relative_strength": -6.465944, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.410142, "energy": 64.652866, "activity_lines": [ 105.266957, 105.234835, 105.13558, 104.985283 ] }, { "date": "2026-07-03", "close": 105.332988, "volume": 967578, "typical_volume": 1683889.95, "trend": 104.790812, "fair_value": 99.689095, "relative_strength": -8.093019, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.420486, "energy": 65.50376, "activity_lines": [ 105.282638, 105.262837, 105.165501, 105.023464 ] }, { "date": "2026-07-10", "close": 105.392814, "volume": 1063701, "typical_volume": 1602375.45, "trend": 104.83916, "fair_value": 99.770453, "relative_strength": -8.984718, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.700967, "energy": 63.225492, "activity_lines": [ 105.315046, 105.294402, 105.197539, 105.062302 ] }, { "date": "2026-07-17", "close": 105.472582, "volume": 872107, "typical_volume": 1604915.9, "trend": 104.88722, "fair_value": 99.851761, "relative_strength": -7.222748, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.57788, "energy": 70.426046, "activity_lines": [ 105.370162, 105.333513, 105.233497, 105.103168 ] }, { "date": "2026-07-24", "close": 105.51, "volume": 937396, "typical_volume": 1548524.7, "trend": 104.934314, "fair_value": 99.932723, "relative_strength": -6.412971, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.656519, "energy": 90.305108, "activity_lines": [ 105.434535, 105.372104, 105.269354, 105.143348 ] }, { "date": "2026-07-31", "close": 105.61, "volume": 2155977, "typical_volume": 1418430.5, "trend": 104.982441, "fair_value": 100.013761, "relative_strength": -7.045734, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.006361, "energy": 95.149682, "activity_lines": [ 105.508424, 105.42223, 105.311128, 105.18694 ] }, { "date": "2026-08-07", "close": 105.7, "volume": 1291170, "typical_volume": 1429724.55, "trend": 105.031597, "fair_value": 100.094812, "relative_strength": -9.827282, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.833439, "energy": 96.712111, "activity_lines": [ 105.587199, 105.481355, 105.35772, 105.233235 ] } ], "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." } } }