{ "ticker": { "uuid": "42b9336b-f553-48d3-b682-1ca8e11c5402", "symbol": "MBB", "name": "ISHARES MBS ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 68.672, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -57.952, "architecture_energy": 59.23, "architecture_maturity": 4.576, "architecture_confidence": 86.607, "architecture_tenure": "New", "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": 25.69, "rotation_up": 10.93, "upward_expansion": 13.01, "deceleration": 37.71, "rotation_down": 67.78, "downward_expansion": 88.68 }, "activity_lines": [ 93.014699, 93.337699, 93.581246, 93.742729 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 93.27, "trend_reference": 93.946244, "distance_from_trend": -0.007198, "trend_direction": "Improving", "fair_value": 88.163866, "distance_from_fair_value": 0.057916, "fair_value_direction": "Weakening", "relative_strength": -12.857005, "relative_strength_direction": "Improving", "price_momentum": -0.009911, "excess_performance": -0.197365, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.007198, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.000723, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.057916, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.022303, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.12857, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.023828, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.009911, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.203074, "read": "Demand-led" } ], "volume": { "latest": 9502941, "relative_activity": 0.891254, "balance": 1.203074, "dry_up": 0.962028, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.010014, "annualized_volatility": 0.049982, "from_high_reference": -0.024564, "from_low_reference": 0.035329 }, "levels": { "trend_reference": 93.946244, "fair_value_reference": 88.163866, "structural_low": 92.261712, "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": 18, "median_return": -0.001956, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.012143, "regime_survival": 0.777778, "best_return": 0.03692, "worst_return": -0.046136, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.002466, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": 0.066425, "regime_survival": 0.428571, "best_return": 0.028562, "worst_return": -0.046285, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.020738, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.041222, "regime_survival": 0.4, "best_return": 0.037925, "worst_return": -0.076119, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.033894, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.162565, "regime_survival": 0.5, "best_return": 0.087938, "worst_return": -0.12322, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-24", "end": "2024-06-14", "tenure": "New", "return": 0.020366, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-06-21", "end": "2024-07-12", "tenure": "New", "return": 0.00954, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-10-11", "tenure": "Established", "return": 0.025348, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-18", "end": "2025-01-03", "tenure": "Developing", "return": -0.018528, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.011821, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-02-14", "tenure": "New", "return": 0.012261, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-02-28", "tenure": "New", "return": 0.013029, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": 0.014842, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.011574, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.019401, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2026-03-20", "tenure": "Extended", "return": 0.040218, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-05-08", "tenure": "Developing", "return": 0.011893, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-07-24", "tenure": "Developing", "return": -0.001492, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.007462, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 80.875811, "volume": 8300284, "typical_volume": 9024989.95, "trend": 82.75651, "fair_value": 87.860913, "relative_strength": -15.584492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.064713, "energy": 63.819729, "activity_lines": [ 81.541598, 81.964796, 82.354008, 82.563743 ] }, { "date": "2023-08-25", "close": 81.098806, "volume": 6426348, "typical_volume": 9001954.55, "trend": 82.661045, "fair_value": 87.783859, "relative_strength": -16.399441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.436361, "energy": 67.073356, "activity_lines": [ 81.277343, 81.754233, 82.201043, 82.456795 ] }, { "date": "2023-09-01", "close": 81.539478, "volume": 7179142, "typical_volume": 8826734.95, "trend": 82.581987, "fair_value": 87.709672, "relative_strength": -18.559605, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.263484, "energy": 63.301186, "activity_lines": [ 81.277213, 81.657936, 82.104831, 82.384435 ] }, { "date": "2023-09-08", "close": 81.199544, "volume": 7465123, "typical_volume": 8765237.8, "trend": 82.533113, "fair_value": 87.633576, "relative_strength": -17.488761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.106945, "energy": 56.657908, "activity_lines": [ 81.233842, 81.527091, 81.98448, 82.295246 ] }, { "date": "2023-09-15", "close": 81.083251, "volume": 6176858, "typical_volume": 8680427.8, "trend": 82.492057, "fair_value": 87.557707, "relative_strength": -16.812218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.284182, "energy": 41.604735, "activity_lines": [ 81.193753, 81.402496, 81.861942, 82.201706 ] }, { "date": "2023-09-22", "close": 80.57335, "volume": 8202427, "typical_volume": 8612115.2, "trend": 82.464411, "fair_value": 87.478353, "relative_strength": -14.056751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.546343, "energy": 42.261558, "activity_lines": [ 80.99841, 81.192223, 81.703139, 82.077918 ] }, { "date": "2023-09-29", "close": 79.437254, "volume": 15338482, "typical_volume": 9021923.6, "trend": 82.400893, "fair_value": 87.391061, "relative_strength": -14.870397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.233472, "energy": 62.576299, "activity_lines": [ 80.444533, 80.818046, 81.451715, 81.882618 ] }, { "date": "2023-10-06", "close": 78.372222, "volume": 12877643, "typical_volume": 9353483.0, "trend": 82.280767, "fair_value": 87.297267, "relative_strength": -16.991317, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.888143, "energy": 82.946783, "activity_lines": [ 79.646415, 80.31241, 81.118499, 81.622704 ] }, { "date": "2023-10-13", "close": 78.937665, "volume": 12542644, "typical_volume": 9579194.1, "trend": 82.124375, "fair_value": 87.206936, "relative_strength": -15.992318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.236593, "energy": 84.219225, "activity_lines": [ 79.247928, 79.986278, 80.858415, 81.40702 ] }, { "date": "2023-10-20", "close": 77.241336, "volume": 28610654, "typical_volume": 10520651.8, "trend": 81.896487, "fair_value": 87.105893, "relative_strength": -14.912431, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.399818, "energy": 93.204313, "activity_lines": [ 78.434791, 79.404314, 80.450753, 81.091985 ] }, { "date": "2023-10-27", "close": 77.869606, "volume": 11633147, "typical_volume": 10685645.2, "trend": 81.715047, "fair_value": 87.00839, "relative_strength": -11.531205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.685914, "energy": 87.108505, "activity_lines": [ 78.087204, 79.010448, 80.12935, 80.832186 ] }, { "date": "2023-11-03", "close": 80.048869, "volume": 13196597, "typical_volume": 10950449.8, "trend": 81.576554, "fair_value": 86.924906, "relative_strength": -14.073488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.075246, "energy": 54.39996, "activity_lines": [ 78.646289, 79.067469, 80.03914, 80.724691 ] }, { "date": "2023-11-10", "close": 79.760761, "volume": 11184447, "typical_volume": 11161944.55, "trend": 81.459615, "fair_value": 86.839466, "relative_strength": -16.353236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.530603, "energy": 45.019434, "activity_lines": [ 79.068562, 79.091197, 79.935433, 80.607543 ] }, { "date": "2023-11-17", "close": 81.075252, "volume": 11084563, "typical_volume": 11215150.0, "trend": 81.393253, "fair_value": 86.762128, "relative_strength": -16.177204, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.042949, "energy": 19.35762, "activity_lines": [ 79.836431, 79.386264, 79.972525, 80.582745 ] }, { "date": "2023-11-24", "close": 80.661097, "volume": 6235823, "typical_volume": 11269651.6, "trend": 81.293098, "fair_value": 86.682134, "relative_strength": -16.843059, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.813175, "energy": 25.637767, "activity_lines": [ 80.323741, 79.608289, 79.977939, 80.53551 ] }, { "date": "2023-12-01", "close": 82.60616, "volume": 19663131, "typical_volume": 11829920.05, "trend": 81.251814, "fair_value": 86.614937, "relative_strength": -14.450685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 15.33484, "energy": 27.868114, "activity_lines": [ 81.231422, 80.191638, 80.17245, 80.620223 ] }, { "date": "2023-12-08", "close": 82.705501, "volume": 13101575, "typical_volume": 11371342.35, "trend": 81.223274, "fair_value": 86.548214, "relative_strength": -14.286286, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.464034, "energy": 40.290359, "activity_lines": [ 81.856447, 80.756089, 80.377915, 80.714009 ] }, { "date": "2023-12-15", "close": 84.543134, "volume": 17286110, "typical_volume": 11795918.05, "trend": 81.29401, "fair_value": 86.492565, "relative_strength": -14.582743, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.697805, "energy": 64.14927, "activity_lines": [ 82.916907, 81.595232, 80.759115, 80.928194 ] }, { "date": "2023-12-22", "close": 84.796746, "volume": 12889754, "typical_volume": 11903244.3, "trend": 81.391475, "fair_value": 86.438596, "relative_strength": -14.454145, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.885781, "energy": 75.021678, "activity_lines": [ 83.743079, 82.368288, 81.15517, 81.154177 ] }, { "date": "2023-12-29", "close": 85.213393, "volume": 6935786, "typical_volume": 11816526.9, "trend": 81.472241, "fair_value": 86.386918, "relative_strength": -13.642716, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.530801, "energy": 78.43142, "activity_lines": [ 84.460034, 83.110569, 81.57678, 81.400752 ] }, { "date": "2024-01-05", "close": 84.208005, "volume": 9391786, "typical_volume": 11871102.0, "trend": 81.518015, "fair_value": 86.329012, "relative_strength": -11.21664, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 67.060748, "energy": 82.667721, "activity_lines": [ 84.538374, 83.525106, 81.884022, 81.577253 ] }, { "date": "2024-01-12", "close": 85.122817, "volume": 11465948, "typical_volume": 12123082.0, "trend": 81.589553, "fair_value": 86.276536, "relative_strength": -12.411511, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.409075, "energy": 81.759465, "activity_lines": [ 84.814861, 83.990729, 82.262522, 81.809821 ] }, { "date": "2024-01-19", "close": 83.954394, "volume": 9043462, "typical_volume": 12216298.0, "trend": 81.620075, "fair_value": 86.216462, "relative_strength": -15.315776, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.63663, "energy": 62.759974, "activity_lines": [ 84.540719, 84.151657, 82.510581, 81.962391 ] }, { "date": "2024-01-26", "close": 83.972509, "volume": 15923191, "typical_volume": 12639201.4, "trend": 81.662286, "fair_value": 86.15596, "relative_strength": -15.218944, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.563793, "energy": 48.009365, "activity_lines": [ 84.311865, 84.239632, 82.748866, 82.114161 ] }, { "date": "2024-02-02", "close": 84.519499, "volume": 12770652, "typical_volume": 12968891.1, "trend": 81.763936, "fair_value": 86.098522, "relative_strength": -15.149853, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.887765, "energy": 45.344939, "activity_lines": [ 84.32029, 84.374382, 83.02604, 82.298498 ] }, { "date": "2024-02-09", "close": 83.756261, "volume": 9958273, "typical_volume": 13056683.4, "trend": 81.791825, "fair_value": 86.03717, "relative_strength": -16.870134, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.182139, "energy": 35.103935, "activity_lines": [ 84.120562, 84.300208, 83.214162, 82.427035 ] }, { "date": "2024-02-16", "close": 83.301953, "volume": 12989397, "typical_volume": 12939229.15, "trend": 81.806646, "fair_value": 85.97432, "relative_strength": -15.500543, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.511564, "energy": 29.968425, "activity_lines": [ 83.799515, 84.122522, 83.34386, 82.524462 ] }, { "date": "2024-02-23", "close": 83.410987, "volume": 11844924, "typical_volume": 12887593.2, "trend": 81.833995, "fair_value": 85.915378, "relative_strength": -15.95848, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.298032, "energy": 24.530125, "activity_lines": [ 83.636202, 83.953816, 83.465539, 82.627968 ] }, { "date": "2024-03-01", "close": 83.912596, "volume": 14663620, "typical_volume": 12993642.0, "trend": 81.903407, "fair_value": 85.859237, "relative_strength": -16.527987, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.983743, "energy": 22.450702, "activity_lines": [ 83.676321, 83.896896, 83.610996, 82.762072 ] }, { "date": "2024-03-08", "close": 84.7056, "volume": 16383909, "typical_volume": 12382304.75, "trend": 82.016795, "fair_value": 85.809869, "relative_strength": -13.790046, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.086662, "energy": 31.66478, "activity_lines": [ 83.984767, 84.000234, 83.808287, 82.942858 ] }, { "date": "2024-03-15", "close": 83.557112, "volume": 13513762, "typical_volume": 12476335.5, "trend": 82.106172, "fair_value": 85.754827, "relative_strength": -13.339894, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.64461, "energy": 27.312272, "activity_lines": [ 83.897978, 83.903988, 83.860655, 83.042233 ] }, { "date": "2024-03-22", "close": 84.231621, "volume": 10284344, "typical_volume": 12330722.85, "trend": 82.210599, "fair_value": 85.704273, "relative_strength": -14.573145, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.222885, "energy": 32.755215, "activity_lines": [ 84.049302, 83.942215, 83.950177, 83.179359 ] }, { "date": "2024-03-29", "close": 84.240736, "volume": 13518975, "typical_volume": 12447449.25, "trend": 82.300641, "fair_value": 85.65379, "relative_strength": -13.569088, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.917089, "energy": 33.244988, "activity_lines": [ 84.141686, 83.998303, 84.02065, 83.310336 ] }, { "date": "2024-04-05", "close": 83.3488, "volume": 9134165, "typical_volume": 12349929.35, "trend": 82.372283, "fair_value": 85.596553, "relative_strength": -13.209285, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.14475, "energy": 17.143749, "activity_lines": [ 83.881442, 83.887014, 83.984844, 83.377959 ] }, { "date": "2024-04-12", "close": 82.73621, "volume": 12472671, "typical_volume": 12661771.75, "trend": 82.427382, "fair_value": 85.534243, "relative_strength": -12.843164, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 3.004371, "energy": 7.124961, "activity_lines": [ 83.454587, 83.675686, 83.879869, 83.401438 ] }, { "date": "2024-04-19", "close": 82.041332, "volume": 12082544, "typical_volume": 12282742.4, "trend": 82.476314, "fair_value": 85.466878, "relative_strength": -8.111573, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -13.085316, "energy": 22.800713, "activity_lines": [ 82.9274, 83.370439, 83.698834, 83.376532 ] }, { "date": "2024-04-26", "close": 82.105334, "volume": 23682511, "typical_volume": 12811789.2, "trend": 82.56525, "fair_value": 85.399051, "relative_strength": -10.966935, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -28.948216, "energy": 41.86914, "activity_lines": [ 82.522598, 83.10801, 83.526584, 83.352597 ] }, { "date": "2024-05-03", "close": 83.161536, "volume": 9000222, "typical_volume": 12397494.8, "trend": 82.724894, "fair_value": 85.337938, "relative_strength": -10.180718, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.231983, "energy": 38.683817, "activity_lines": [ 82.611615, 83.059374, 83.457782, 83.391068 ] }, { "date": "2024-05-10", "close": 83.271599, "volume": 15063042, "typical_volume": 12506159.2, "trend": 82.869359, "fair_value": 85.279225, "relative_strength": -10.832515, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.636007, "energy": 32.661454, "activity_lines": [ 82.809268, 83.035285, 83.406042, 83.426339 ] }, { "date": "2024-05-17", "close": 83.785225, "volume": 9633766, "typical_volume": 12641058.2, "trend": 83.087488, "fair_value": 85.223914, "relative_strength": -11.717897, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 16.607053, "energy": 10.220321, "activity_lines": [ 83.183275, 83.116238, 83.410481, 83.485427 ] }, { "date": "2024-05-24", "close": 83.51924, "volume": 7959423, "typical_volume": 12569440.05, "trend": 83.275809, "fair_value": 85.166953, "relative_strength": -12.754903, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.462966, "energy": 9.94356, "activity_lines": [ 83.398687, 83.165563, 83.396389, 83.513282 ] }, { "date": "2024-05-31", "close": 83.473381, "volume": 6764552, "typical_volume": 12334370.25, "trend": 83.38996, "fair_value": 85.108941, "relative_strength": -10.994387, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.288043, "energy": 11.457067, "activity_lines": [ 83.500285, 83.207239, 83.381209, 83.526028 ] }, { "date": "2024-06-07", "close": 83.941091, "volume": 8173270, "typical_volume": 12290860.65, "trend": 83.529304, "fair_value": 85.05349, "relative_strength": -12.427664, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.886415, "energy": 16.949612, "activity_lines": [ 83.666583, 83.347739, 83.418428, 83.561585 ] }, { "date": "2024-06-14", "close": 85.220176, "volume": 13251733, "typical_volume": 12157287.75, "trend": 83.667468, "fair_value": 85.008099, "relative_strength": -13.710289, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.193628, "energy": 42.99048, "activity_lines": [ 84.207273, 83.726249, 83.577527, 83.670674 ] }, { "date": "2024-06-21", "close": 85.164964, "volume": 5176420, "typical_volume": 11777576.15, "trend": 83.817597, "fair_value": 84.962628, "relative_strength": -13.517127, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.758332, "energy": 52.45139, "activity_lines": [ 84.599653, 84.060694, 83.725427, 83.767286 ] }, { "date": "2024-06-28", "close": 84.484012, "volume": 7587612, "typical_volume": 11659043.1, "trend": 83.880192, "fair_value": 84.911767, "relative_strength": -13.758586, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.713896, "energy": 48.398107, "activity_lines": [ 84.673067, 84.227171, 83.805401, 83.810281 ] }, { "date": "2024-07-05", "close": 85.164967, "volume": 8406248, "typical_volume": 11429885.65, "trend": 83.962174, "fair_value": 84.86467, "relative_strength": -15.635671, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.681117, "energy": 57.164393, "activity_lines": [ 84.909148, 84.473046, 83.946762, 83.89317 ] }, { "date": "2024-07-12", "close": 85.977469, "volume": 7943453, "typical_volume": 11234812.1, "trend": 84.009985, "fair_value": 84.821795, "relative_strength": -14.223175, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.953982, "energy": 72.749949, "activity_lines": [ 85.30329, 84.811019, 84.156633, 84.023189 ] }, { "date": "2024-07-19", "close": 85.691247, "volume": 10408820, "typical_volume": 11022072.1, "trend": 84.039802, "fair_value": 84.776099, "relative_strength": -10.63189, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.296078, "energy": 67.901703, "activity_lines": [ 85.466267, 85.045752, 84.327023, 84.131657 ] }, { "date": "2024-07-26", "close": 85.977469, "volume": 9970151, "typical_volume": 10701384.2, "trend": 84.065271, "fair_value": 84.73191, "relative_strength": -7.682891, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.276821, "energy": 74.572508, "activity_lines": [ 85.693246, 85.288533, 84.516203, 84.256668 ] }, { "date": "2024-08-02", "close": 88.204989, "volume": 6757045, "typical_volume": 10363548.35, "trend": 84.198504, "fair_value": 84.70304, "relative_strength": -2.056744, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.083405, "energy": 91.669614, "activity_lines": [ 86.608564, 85.896458, 84.91147, 84.523747 ] }, { "date": "2024-08-09", "close": 87.426873, "volume": 10380681, "typical_volume": 10368365.2, "trend": 84.275306, "fair_value": 84.668579, "relative_strength": -3.005081, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.484154, "energy": 85.381679, "activity_lines": [ 87.016446, 86.277712, 85.210499, 84.732028 ] }, { "date": "2024-08-16", "close": 87.852984, "volume": 10608776, "typical_volume": 10222855.25, "trend": 84.405259, "fair_value": 84.637507, "relative_strength": -7.205433, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.028436, "energy": 89.427358, "activity_lines": [ 87.415571, 86.664559, 85.534895, 84.962846 ] }, { "date": "2024-08-23", "close": 88.510677, "volume": 7468604, "typical_volume": 10139577.2, "trend": 84.556531, "fair_value": 84.60961, "relative_strength": -7.12093, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.541228, "energy": 91.548298, "activity_lines": [ 87.908892, 87.099861, 85.904726, 85.227712 ] }, { "date": "2024-08-30", "close": 88.223516, "volume": 7950833, "typical_volume": 9913485.3, "trend": 84.679999, "fair_value": 84.579853, "relative_strength": -6.405314, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.016541, "energy": 83.076994, "activity_lines": [ 88.118532, 87.423125, 86.222629, 85.464292 ] }, { "date": "2024-09-06", "close": 89.140229, "volume": 7569888, "typical_volume": 9687852.5, "trend": 84.859464, "fair_value": 84.555754, "relative_strength": 0.583087, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.615605, "energy": 88.202807, "activity_lines": [ 88.484005, 87.857454, 86.601707, 85.752048 ] }, { "date": "2024-09-13", "close": 89.688584, "volume": 8510624, "typical_volume": 8929258.15, "trend": 85.072352, "fair_value": 84.535828, "relative_strength": -4.178266, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.896261, "energy": 91.002262, "activity_lines": [ 88.969915, 88.306825, 86.999206, 86.063605 ] }, { "date": "2024-09-20", "close": 89.363289, "volume": 11337648, "typical_volume": 9046129.45, "trend": 85.270762, "fair_value": 84.515297, "relative_strength": -5.551647, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.912522, "energy": 82.158923, "activity_lines": [ 89.196612, 88.614804, 87.329613, 86.340439 ] }, { "date": "2024-09-27", "close": 89.419054, "volume": 17031371, "typical_volume": 9144545.9, "trend": 85.454311, "fair_value": 84.494472, "relative_strength": -6.097077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.827945, "energy": 78.399499, "activity_lines": [ 89.34121, 88.871362, 87.6358, 86.608071 ] }, { "date": "2024-10-04", "close": 88.124463, "volume": 14417857, "typical_volume": 9383750.45, "trend": 85.568273, "fair_value": 84.467872, "relative_strength": -7.240847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.019824, "energy": 63.169004, "activity_lines": [ 88.99372, 88.824761, 87.789418, 86.780339 ] }, { "date": "2024-10-11", "close": 87.863381, "volume": 12715212, "typical_volume": 9621539.9, "trend": 85.711815, "fair_value": 84.43905, "relative_strength": -8.290661, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.465414, "energy": 47.192654, "activity_lines": [ 88.565805, 88.691655, 87.897508, 86.92841 ] }, { "date": "2024-10-18", "close": 87.770137, "volume": 10494619, "typical_volume": 9808043.25, "trend": 85.829765, "fair_value": 84.411112, "relative_strength": -8.213561, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.444789, "energy": 30.929391, "activity_lines": [ 88.191933, 88.547806, 87.976032, 87.061205 ] }, { "date": "2024-10-25", "close": 86.828378, "volume": 12035994, "typical_volume": 10001179.45, "trend": 85.91602, "fair_value": 84.376149, "relative_strength": -8.885324, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.82448, "energy": 27.920948, "activity_lines": [ 87.632037, 88.226487, 87.944403, 87.125632 ] }, { "date": "2024-11-01", "close": 86.184926, "volume": 15358106, "typical_volume": 10106498.1, "trend": 86.010558, "fair_value": 84.335415, "relative_strength": -7.705712, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.602535, "energy": 28.786301, "activity_lines": [ 87.026652, 87.806806, 87.837744, 87.142981 ] }, { "date": "2024-11-08", "close": 87.092431, "volume": 16175182, "typical_volume": 10656436.2, "trend": 86.155765, "fair_value": 84.3039, "relative_strength": -11.19726, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.418757, "energy": 26.418624, "activity_lines": [ 86.939377, 87.594413, 87.81292, 87.212779 ] }, { "date": "2024-11-15", "close": 86.241061, "volume": 10875890, "typical_volume": 10820850.1, "trend": 86.295756, "fair_value": 84.266379, "relative_strength": -8.605861, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.320925, "energy": 33.223529, "activity_lines": [ 86.637113, 87.24779, 87.697835, 87.218282 ] }, { "date": "2024-11-22", "close": 86.634001, "volume": 21044635, "typical_volume": 11452769.45, "trend": 86.446712, "fair_value": 84.231816, "relative_strength": -9.522277, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -3.920758, "energy": 30.476529, "activity_lines": [ 86.573985, 87.025323, 87.611806, 87.240104 ] }, { "date": "2024-11-29", "close": 87.878312, "volume": 13669277, "typical_volume": 11739060.65, "trend": 86.603938, "fair_value": 84.20468, "relative_strength": -8.554055, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.092477, "energy": 15.41835, "activity_lines": [ 87.001369, 87.084632, 87.637288, 87.332466 ] }, { "date": "2024-12-06", "close": 88.185958, "volume": 21295383, "typical_volume": 12283388.8, "trend": 86.767749, "fair_value": 84.180998, "relative_strength": -10.743511, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.018483, "energy": 18.760744, "activity_lines": [ 87.461306, 87.226876, 87.683017, 87.434531 ] }, { "date": "2024-12-13", "close": 86.824918, "volume": 10218836, "typical_volume": 12295823.05, "trend": 86.869073, "fair_value": 84.147549, "relative_strength": -12.375788, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.228838, "energy": 15.144325, "activity_lines": [ 87.334161, 87.144079, 87.587244, 87.43822 ] }, { "date": "2024-12-20", "close": 86.313393, "volume": 15981030, "typical_volume": 12757022.3, "trend": 86.962211, "fair_value": 84.111699, "relative_strength": -10.509328, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.484308, "energy": 9.130069, "activity_lines": [ 87.054342, 86.991904, 87.438719, 87.402369 ] }, { "date": "2024-12-27", "close": 86.106225, "volume": 7630879, "typical_volume": 12619532.2, "trend": 87.049972, "fair_value": 84.074301, "relative_strength": -11.122941, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.893785, "energy": 23.317552, "activity_lines": [ 86.700645, 86.830245, 87.279471, 87.347144 ] }, { "date": "2025-01-03", "close": 86.143892, "volume": 8396045, "typical_volume": 12508895.65, "trend": 87.123399, "fair_value": 84.043398, "relative_strength": -9.959067, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.052294, "energy": 47.996722, "activity_lines": [ 86.394689, 86.705687, 87.130099, 87.288688 ] }, { "date": "2025-01-10", "close": 85.23989, "volume": 10127544, "typical_volume": 12641842.65, "trend": 87.124056, "fair_value": 84.00895, "relative_strength": -8.512047, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.615332, "energy": 63.122058, "activity_lines": [ 85.903026, 86.429211, 86.90277, 87.167171 ] }, { "date": "2025-01-17", "close": 86.247476, "volume": 13708553, "typical_volume": 12929728.65, "trend": 87.16014, "fair_value": 83.981181, "relative_strength": -9.679249, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.381895, "energy": 63.427323, "activity_lines": [ 85.943631, 86.353114, 86.786977, 87.110617 ] }, { "date": "2025-01-24", "close": 86.303976, "volume": 10898702, "typical_volume": 13096169.35, "trend": 87.220806, "fair_value": 83.953554, "relative_strength": -10.625031, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.347469, "energy": 54.52508, "activity_lines": [ 86.041564, 86.302653, 86.685975, 87.055381 ] }, { "date": "2025-01-31", "close": 86.812477, "volume": 9863940, "typical_volume": 13163835.15, "trend": 87.275723, "fair_value": 83.933053, "relative_strength": -8.526614, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.747214, "energy": 32.373891, "activity_lines": [ 86.309626, 86.343502, 86.646907, 87.029037 ] }, { "date": "2025-02-07", "close": 87.125891, "volume": 8524606, "typical_volume": 13023183.05, "trend": 87.314003, "fair_value": 83.918573, "relative_strength": -8.052392, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.656423, "energy": 17.935614, "activity_lines": [ 86.635076, 86.438091, 86.651384, 87.019371 ] }, { "date": "2025-02-14", "close": 87.362184, "volume": 12609938, "typical_volume": 12802111.4, "trend": 87.369701, "fair_value": 83.906707, "relative_strength": -10.104315, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.507588, "energy": 16.774772, "activity_lines": [ 86.973823, 86.589323, 86.68902, 87.022479 ] }, { "date": "2025-02-21", "close": 87.778059, "volume": 7156586, "typical_volume": 12439047.85, "trend": 87.429721, "fair_value": 83.89811, "relative_strength": -7.354975, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.733208, "energy": 18.283018, "activity_lines": [ 87.309709, 86.831146, 86.776057, 87.048825 ] }, { "date": "2025-02-28", "close": 88.921717, "volume": 22164321, "typical_volume": 12911503.3, "trend": 87.453612, "fair_value": 83.892305, "relative_strength": -2.690114, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.439854, "energy": 47.065269, "activity_lines": [ 87.924775, 87.263577, 86.973664, 87.145083 ] }, { "date": "2025-03-07", "close": 88.324169, "volume": 14492690, "typical_volume": 13111406.85, "trend": 87.483522, "fair_value": 83.889547, "relative_strength": 0.030278, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.315366, "energy": 50.385724, "activity_lines": [ 88.166143, 87.539939, 87.109321, 87.201248 ] }, { "date": "2025-03-14", "close": 88.200877, "volume": 43138133, "typical_volume": 14666513.8, "trend": 87.495118, "fair_value": 83.889245, "relative_strength": 2.524623, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.660187, "energy": 52.388682, "activity_lines": [ 88.265634, 87.753558, 87.230598, 87.247529 ] }, { "date": "2025-03-21", "close": 88.722495, "volume": 11078667, "typical_volume": 14452541.85, "trend": 87.502179, "fair_value": 83.903454, "relative_strength": 2.933642, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.850429, "energy": 60.416179, "activity_lines": [ 88.467332, 88.024617, 87.395018, 87.326714 ] }, { "date": "2025-03-28", "close": 88.826819, "volume": 14862997, "typical_volume": 14386932.6, "trend": 87.522289, "fair_value": 83.914998, "relative_strength": 5.532419, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.080254, "energy": 51.865217, "activity_lines": [ 88.613117, 88.251323, 87.557289, 87.412175 ] }, { "date": "2025-04-04", "close": 89.635089, "volume": 14587557, "typical_volume": 14572515.95, "trend": 87.538784, "fair_value": 83.941585, "relative_strength": 17.87658, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.676288, "energy": 67.098811, "activity_lines": [ 88.958409, 88.578091, 87.788279, 87.548485 ] }, { "date": "2025-04-11", "close": 87.474634, "volume": 17127441, "typical_volume": 14376656.25, "trend": 87.464986, "fair_value": 83.957132, "relative_strength": 6.973196, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.291349, "energy": 35.992232, "activity_lines": [ 88.53599, 88.451483, 87.79735, 87.544346 ] }, { "date": "2025-04-18", "close": 88.017127, "volume": 12145515, "typical_volume": 14300468.15, "trend": 87.420114, "fair_value": 83.983099, "relative_strength": 10.143232, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.131936, "energy": 26.515977, "activity_lines": [ 88.351038, 88.411471, 87.854084, 87.579968 ] }, { "date": "2025-04-25", "close": 88.769003, "volume": 13884369, "typical_volume": 13929917.45, "trend": 87.398445, "fair_value": 84.011681, "relative_strength": 4.436586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.365764, "energy": 26.348244, "activity_lines": [ 88.428961, 88.491959, 87.981764, 87.666993 ] }, { "date": "2025-05-02", "close": 88.458442, "volume": 23500164, "typical_volume": 14593983.85, "trend": 87.409578, "fair_value": 84.043353, "relative_strength": 0.727605, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.07571, "energy": 18.764823, "activity_lines": [ 88.400264, 88.490404, 88.07709, 87.73538 ] }, { "date": "2025-05-09", "close": 88.515746, "volume": 21110887, "typical_volume": 14850476.7, "trend": 87.431323, "fair_value": 84.068495, "relative_strength": 1.05834, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.779025, "energy": 21.045057, "activity_lines": [ 88.415226, 88.486896, 88.170095, 87.806745 ] }, { "date": "2025-05-16", "close": 88.219675, "volume": 12901708, "typical_volume": 15114018.15, "trend": 87.446308, "fair_value": 84.088595, "relative_strength": -5.581026, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.569711, "energy": 20.777728, "activity_lines": [ 88.406121, 88.436939, 88.224416, 87.857607 ] }, { "date": "2025-05-23", "close": 87.694387, "volume": 16188026, "typical_volume": 15503617.2, "trend": 87.475175, "fair_value": 84.100637, "relative_strength": -3.765273, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.52597, "energy": 12.605361, "activity_lines": [ 88.172251, 88.293374, 88.218645, 87.873612 ] }, { "date": "2025-05-30", "close": 88.487094, "volume": 13052406, "typical_volume": 15649860.3, "trend": 87.551914, "fair_value": 84.123541, "relative_strength": -4.578901, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 35.67311, "energy": 15.380013, "activity_lines": [ 88.224132, 88.303148, 88.280987, 87.938897 ] }, { "date": "2025-06-06", "close": 87.937131, "volume": 13954449, "typical_volume": 15662155.1, "trend": 87.580071, "fair_value": 84.150988, "relative_strength": -6.941376, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.206108, "energy": 10.217619, "activity_lines": [ 88.111486, 88.217208, 88.275488, 87.96375 ] }, { "date": "2025-06-13", "close": 88.694301, "volume": 13225602, "typical_volume": 15778500.1, "trend": 87.661845, "fair_value": 84.191469, "relative_strength": -5.504765, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.865444, "energy": 15.148911, "activity_lines": [ 88.285984, 88.285111, 88.334055, 88.035636 ] }, { "date": "2025-06-20", "close": 88.95308, "volume": 9437290, "typical_volume": 15757167.6, "trend": 87.739148, "fair_value": 84.228689, "relative_strength": -5.1074, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.429033, "energy": 27.439945, "activity_lines": [ 88.534838, 88.41717, 88.405885, 88.118941 ] }, { "date": "2025-06-27", "close": 89.643159, "volume": 13135302, "typical_volume": 15987702.4, "trend": 87.797976, "fair_value": 84.26083, "relative_strength": -8.046063, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.645059, "energy": 47.499282, "activity_lines": [ 88.964825, 88.647817, 88.533243, 88.241781 ] }, { "date": "2025-07-04", "close": 89.557815, "volume": 10085062, "typical_volume": 15861458.6, "trend": 87.843705, "fair_value": 84.297902, "relative_strength": -9.362753, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.629952, "energy": 59.357296, "activity_lines": [ 89.236446, 88.833383, 88.640486, 88.355319 ] }, { "date": "2025-07-11", "close": 89.317353, "volume": 13961547, "typical_volume": 16201706.65, "trend": 87.926786, "fair_value": 84.327843, "relative_strength": -9.143265, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.366801, "energy": 63.797148, "activity_lines": [ 89.356531, 88.960887, 88.714373, 88.450393 ] }, { "date": "2025-07-18", "close": 89.259642, "volume": 14428584, "typical_volume": 15814919.8, "trend": 88.024994, "fair_value": 84.351934, "relative_strength": -10.126989, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.23882, "energy": 61.180659, "activity_lines": [ 89.365364, 89.062281, 88.775434, 88.536383 ] }, { "date": "2025-07-25", "close": 89.577052, "volume": 15609353, "typical_volume": 15870752.95, "trend": 88.140688, "fair_value": 84.370311, "relative_strength": -10.34263, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.383865, "energy": 55.894984, "activity_lines": [ 89.442312, 89.207861, 88.865115, 88.636516 ] }, { "date": "2025-08-01", "close": 90.463738, "volume": 15969742, "typical_volume": 14512333.4, "trend": 88.284683, "fair_value": 84.403613, "relative_strength": -7.065591, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.752247, "energy": 65.269397, "activity_lines": [ 89.773223, 89.489977, 89.033276, 88.78639 ] }, { "date": "2025-08-08", "close": 90.309297, "volume": 12375472, "typical_volume": 14577173.65, "trend": 88.453663, "fair_value": 84.432764, "relative_strength": -10.188447, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.419315, "energy": 66.183879, "activity_lines": [ 89.997949, 89.69366, 89.175953, 88.91701 ] }, { "date": "2025-08-15", "close": 90.328602, "volume": 12361075, "typical_volume": 14452077.55, "trend": 88.589701, "fair_value": 84.467084, "relative_strength": -10.312463, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.499713, "energy": 71.984413, "activity_lines": [ 90.179011, 89.867723, 89.312912, 89.037974 ] }, { "date": "2025-08-22", "close": 90.81123, "volume": 17017828, "typical_volume": 14573591.1, "trend": 88.739943, "fair_value": 84.508436, "relative_strength": -8.718478, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.503545, "energy": 80.950068, "activity_lines": [ 90.453532, 90.086055, 89.488685, 89.181299 ] }, { "date": "2025-08-29", "close": 91.071849, "volume": 10764519, "typical_volume": 14255445.0, "trend": 88.881922, "fair_value": 84.556629, "relative_strength": -7.933683, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.652447, "energy": 80.972534, "activity_lines": [ 90.711487, 90.313283, 89.683678, 89.331744 ] }, { "date": "2025-09-05", "close": 91.923995, "volume": 10370733, "typical_volume": 14166705.9, "trend": 89.041859, "fair_value": 84.615452, "relative_strength": -7.573236, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.341633, "energy": 88.458551, "activity_lines": [ 91.153837, 90.656923, 89.942697, 89.528007 ] }, { "date": "2025-09-12", "close": 92.437428, "volume": 13114599, "typical_volume": 14128217.4, "trend": 89.211033, "fair_value": 84.68329, "relative_strength": -8.408121, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.13684, "energy": 94.24138, "activity_lines": [ 91.669982, 91.052445, 90.232012, 89.747076 ] }, { "date": "2025-09-19", "close": 92.214617, "volume": 17027002, "typical_volume": 13804559.3, "trend": 89.358919, "fair_value": 84.761201, "relative_strength": -10.238302, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.393622, "energy": 89.414465, "activity_lines": [ 91.969981, 91.355099, 90.482637, 89.940856 ] }, { "date": "2025-09-26", "close": 92.020869, "volume": 19670780, "typical_volume": 13732553.95, "trend": 89.462224, "fair_value": 84.842205, "relative_strength": -9.716212, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.82116, "energy": 86.432349, "activity_lines": [ 92.079662, 91.569849, 90.696924, 90.112594 ] }, { "date": "2025-10-03", "close": 92.443405, "volume": 16804658, "typical_volume": 13927701.45, "trend": 89.599532, "fair_value": 84.926493, "relative_strength": -10.097295, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.616647, "energy": 85.132941, "activity_lines": [ 92.249547, 91.81122, 90.934761, 90.304929 ] }, { "date": "2025-10-10", "close": 92.628117, "volume": 15709728, "typical_volume": 13903786.55, "trend": 89.747106, "fair_value": 85.019761, "relative_strength": -7.598807, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.542375, "energy": 68.077379, "activity_lines": [ 92.389565, 92.034058, 91.170076, 90.500321 ] }, { "date": "2025-10-17", "close": 93.211418, "volume": 24135245, "typical_volume": 14457928.5, "trend": 89.896737, "fair_value": 85.122449, "relative_strength": -8.990504, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.433459, "energy": 71.215273, "activity_lines": [ 92.677075, 92.3236, 91.437451, 90.723825 ] }, { "date": "2025-10-24", "close": 93.366964, "volume": 16050365, "typical_volume": 14562724.3, "trend": 90.048075, "fair_value": 85.214439, "relative_strength": -10.531227, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.188502, "energy": 77.551451, "activity_lines": [ 92.964835, 92.588656, 91.697142, 90.947711 ] }, { "date": "2025-10-31", "close": 92.890602, "volume": 20169971, "typical_volume": 14909942.75, "trend": 90.156592, "fair_value": 85.307354, "relative_strength": -12.381583, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.009431, "energy": 71.707162, "activity_lines": [ 93.016984, 92.711859, 91.885609, 91.1311 ] }, { "date": "2025-11-07", "close": 93.078232, "volume": 13797699, "typical_volume": 15127963.2, "trend": 90.343379, "fair_value": 85.388747, "relative_strength": -9.238567, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.120272, "energy": 65.513843, "activity_lines": [ 93.073694, 92.831369, 92.071963, 91.319592 ] }, { "date": "2025-11-14", "close": 92.756264, "volume": 31278336, "typical_volume": 16035114.9, "trend": 90.50135, "fair_value": 85.465733, "relative_strength": -9.190721, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.967176, "energy": 60.215188, "activity_lines": [ 92.98076, 92.85586, 92.208011, 91.475262 ] }, { "date": "2025-11-21", "close": 93.166042, "volume": 18051475, "typical_volume": 16433435.55, "trend": 90.647918, "fair_value": 85.540044, "relative_strength": -5.730457, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.586227, "energy": 57.279548, "activity_lines": [ 93.015875, 92.939723, 92.36826, 91.647178 ] }, { "date": "2025-11-28", "close": 93.439228, "volume": 10374710, "typical_volume": 16254093.7, "trend": 90.813944, "fair_value": 85.608805, "relative_strength": -9.676606, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.242037, "energy": 60.472705, "activity_lines": [ 93.145078, 93.06001, 92.537345, 91.827263 ] }, { "date": "2025-12-05", "close": 93.163227, "volume": 12804063, "typical_volume": 16172867.65, "trend": 90.96886, "fair_value": 85.679321, "relative_strength": -10.640354, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.477284, "energy": 56.563293, "activity_lines": [ 93.177462, 93.107848, 92.660516, 91.978829 ] }, { "date": "2025-12-12", "close": 92.977175, "volume": 13355594, "typical_volume": 16060179.7, "trend": 91.127444, "fair_value": 85.742209, "relative_strength": -8.958502, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.623773, "energy": 52.957719, "activity_lines": [ 93.129654, 93.101089, 92.747379, 92.108398 ] }, { "date": "2025-12-19", "close": 93.441373, "volume": 10424516, "typical_volume": 15782918.4, "trend": 91.31901, "fair_value": 85.8157, "relative_strength": -8.845407, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.00915, "energy": 56.488708, "activity_lines": [ 93.243316, 93.169025, 92.862261, 92.257684 ] }, { "date": "2025-12-26", "close": 93.706692, "volume": 7298252, "typical_volume": 15529057.4, "trend": 91.492997, "fair_value": 85.89622, "relative_strength": -9.543467, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.464196, "energy": 56.753841, "activity_lines": [ 93.399744, 93.270414, 92.988232, 92.411728 ] }, { "date": "2026-01-02", "close": 93.490506, "volume": 7694719, "typical_volume": 15295739.6, "trend": 91.678109, "fair_value": 85.963689, "relative_strength": -8.012767, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.204675, "energy": 52.77999, "activity_lines": [ 93.448066, 93.323491, 93.077436, 92.540599 ] }, { "date": "2026-01-09", "close": 94.139064, "volume": 19894826, "typical_volume": 15439589.5, "trend": 91.859601, "fair_value": 86.030941, "relative_strength": -9.177692, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.161256, "energy": 62.7802, "activity_lines": [ 93.709156, 93.492242, 93.21335, 92.699371 ] }, { "date": "2026-01-16", "close": 93.913051, "volume": 25896075, "typical_volume": 16196167.3, "trend": 92.024934, "fair_value": 86.095566, "relative_strength": -8.450318, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.382922, "energy": 60.803109, "activity_lines": [ 93.829852, 93.597201, 93.311893, 92.831851 ] }, { "date": "2026-01-23", "close": 93.893398, "volume": 11133811, "typical_volume": 16234321.2, "trend": 92.166608, "fair_value": 86.159224, "relative_strength": -8.545723, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.897002, "energy": 56.319584, "activity_lines": [ 93.881606, 93.683407, 93.395034, 92.952397 ] }, { "date": "2026-01-30", "close": 94.030971, "volume": 11580104, "typical_volume": 16157596.45, "trend": 92.315713, "fair_value": 86.224094, "relative_strength": -8.116752, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.807466, "energy": 61.324717, "activity_lines": [ 93.949082, 93.773952, 93.4819, 93.072679 ] }, { "date": "2026-02-06", "close": 94.203693, "volume": 18010941, "typical_volume": 16206793.4, "trend": 92.478591, "fair_value": 86.298055, "relative_strength": -5.96078, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.275301, "energy": 58.206441, "activity_lines": [ 94.052514, 93.880174, 93.577627, 93.194484 ] }, { "date": "2026-02-13", "close": 95.209531, "volume": 9470582, "typical_volume": 15696783.5, "trend": 92.676921, "fair_value": 86.380713, "relative_strength": -3.680039, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.215167, "energy": 76.569866, "activity_lines": [ 94.443679, 94.155377, 93.759676, 93.370674 ] }, { "date": "2026-02-20", "close": 95.012308, "volume": 9957503, "typical_volume": 15354425.75, "trend": 92.858096, "fair_value": 86.467954, "relative_strength": -4.837798, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.174541, "energy": 85.928911, "activity_lines": [ 94.697739, 94.357516, 93.907758, 93.521344 ] }, { "date": "2026-02-27", "close": 95.564533, "volume": 9484237, "typical_volume": 15043151.2, "trend": 93.028123, "fair_value": 86.559119, "relative_strength": -3.836526, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.728397, "energy": 93.044466, "activity_lines": [ 95.06259, 94.623057, 94.0962, 93.695952 ] }, { "date": "2026-03-06", "close": 94.535053, "volume": 14681617, "typical_volume": 14570469.8, "trend": 93.168981, "fair_value": 86.639625, "relative_strength": -3.416898, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.559404, "energy": 72.786573, "activity_lines": [ 94.972872, 94.662816, 94.172613, 93.793174 ] }, { "date": "2026-03-13", "close": 93.901785, "volume": 13941356, "typical_volume": 14465019.35, "trend": 93.288087, "fair_value": 86.705474, "relative_strength": -2.78429, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.242633, "energy": 47.154374, "activity_lines": [ 94.638459, 94.572375, 94.182412, 93.840451 ] }, { "date": "2026-03-20", "close": 93.159674, "volume": 15964823, "typical_volume": 14254761.95, "trend": 93.366369, "fair_value": 86.76369, "relative_strength": -1.324386, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.313715, "energy": 12.927323, "activity_lines": [ 94.076803, 94.339527, 94.118987, 93.832167 ] }, { "date": "2026-03-27", "close": 93.12999, "volume": 16353239, "typical_volume": 14382538.95, "trend": 93.434974, "fair_value": 86.826621, "relative_strength": 2.232899, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.572016, "energy": 22.769294, "activity_lines": [ 93.641909, 94.119089, 94.051454, 93.816916 ] }, { "date": "2026-04-03", "close": 94.192314, "volume": 13963135, "typical_volume": 13516778.9, "trend": 93.510584, "fair_value": 86.89065, "relative_strength": 0.058461, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.468492, "energy": 27.236994, "activity_lines": [ 93.686612, 94.106038, 94.084848, 93.865777 ] }, { "date": "2026-04-10", "close": 94.30154, "volume": 11417149, "typical_volume": 13185062.6, "trend": 93.572721, "fair_value": 86.961372, "relative_strength": -3.652238, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.360502, "energy": 19.890201, "activity_lines": [ 93.859204, 94.107412, 94.121806, 93.916807 ] }, { "date": "2026-04-17", "close": 94.877457, "volume": 8063783, "typical_volume": 13069516.25, "trend": 93.661483, "fair_value": 87.037086, "relative_strength": -8.124286, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.691, "energy": 25.344663, "activity_lines": [ 94.239336, 94.208578, 94.208206, 94.000983 ] }, { "date": "2026-04-24", "close": 94.55971, "volume": 10450595, "typical_volume": 12951842.85, "trend": 93.746111, "fair_value": 87.106919, "relative_strength": -9.903906, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.195251, "energy": 30.240594, "activity_lines": [ 94.448508, 94.239722, 94.257496, 94.058933 ] }, { "date": "2026-05-01", "close": 93.830518, "volume": 7908503, "typical_volume": 12679488.3, "trend": 93.792348, "fair_value": 87.170931, "relative_strength": -11.503702, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 29.200721, "energy": 21.009293, "activity_lines": [ 94.32128, 94.150101, 94.230689, 94.064379 ] }, { "date": "2026-05-08", "close": 94.237613, "volume": 8697966, "typical_volume": 12593160.8, "trend": 93.845998, "fair_value": 87.239366, "relative_strength": -15.239818, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 34.934076, "energy": 20.055098, "activity_lines": [ 94.283048, 94.155983, 94.238589, 94.093106 ] }, { "date": "2026-05-15", "close": 92.907107, "volume": 11464879, "typical_volume": 12801492.15, "trend": 93.835854, "fair_value": 87.306585, "relative_strength": -15.764016, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.28114, "energy": 19.226538, "activity_lines": [ 93.798295, 93.944082, 94.115983, 94.032532 ] }, { "date": "2026-05-22", "close": 93.413494, "volume": 13097562, "typical_volume": 13071634.3, "trend": 93.837405, "fair_value": 87.380563, "relative_strength": -15.877617, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.534775, "energy": 20.215918, "activity_lines": [ 93.575299, 93.85385, 94.045412, 94.005283 ] }, { "date": "2026-05-29", "close": 94.118464, "volume": 11810351, "typical_volume": 12667410.55, "trend": 93.878334, "fair_value": 87.453179, "relative_strength": -17.178308, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.437973, "energy": 16.222676, "activity_lines": [ 93.684891, 93.900672, 94.042348, 94.023416 ] }, { "date": "2026-06-05", "close": 93.404907, "volume": 11692674, "typical_volume": 11957240.5, "trend": 93.889223, "fair_value": 87.520936, "relative_strength": -13.561989, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -27.312935, "energy": 31.755169, "activity_lines": [ 93.586047, 93.800324, 93.971424, 93.992872 ] }, { "date": "2026-06-12", "close": 94.042619, "volume": 13648916, "typical_volume": 12082995.75, "trend": 93.932101, "fair_value": 87.591872, "relative_strength": -14.52239, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.658512, "energy": 10.62175, "activity_lines": [ 93.728147, 93.810925, 93.963654, 94.002769 ] }, { "date": "2026-06-19", "close": 94.142261, "volume": 6273494, "typical_volume": 11817665.25, "trend": 93.964642, "fair_value": 87.663048, "relative_strength": -16.211876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.17917, "energy": 4.595154, "activity_lines": [ 93.916462, 93.842365, 93.964663, 94.016327 ] }, { "date": "2026-06-26", "close": 94.590653, "volume": 10735350, "typical_volume": 11453885.7, "trend": 94.003023, "fair_value": 87.739231, "relative_strength": -11.507459, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 16.165686, "energy": 12.218676, "activity_lines": [ 94.171896, 93.958226, 94.007846, 94.056715 ] }, { "date": "2026-07-03", "close": 93.784744, "volume": 7820074, "typical_volume": 11371360.3, "trend": 94.02374, "fair_value": 87.818171, "relative_strength": -12.677069, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.369112, "energy": 7.544416, "activity_lines": [ 94.080217, 93.932773, 93.972434, 94.042633 ] }, { "date": "2026-07-10", "close": 93.376248, "volume": 8820854, "typical_volume": 11314527.85, "trend": 94.037042, "fair_value": 87.885201, "relative_strength": -14.24282, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.495711, "energy": 16.741781, "activity_lines": [ 93.874621, 93.847139, 93.904901, 94.000859 ] }, { "date": "2026-07-17", "close": 93.436028, "volume": 9414839, "typical_volume": 11311057.95, "trend": 94.036864, "fair_value": 87.953014, "relative_strength": -10.17278, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.173969, "energy": 28.385974, "activity_lines": [ 93.690862, 93.780633, 93.850853, 93.962084 ] }, { "date": "2026-07-24", "close": 92.768486, "volume": 7858016, "typical_volume": 10969877.9, "trend": 94.005591, "fair_value": 88.018257, "relative_strength": -9.09705, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.559879, "energy": 53.536214, "activity_lines": [ 93.325028, 93.60733, 93.743365, 93.880253 ] }, { "date": "2026-07-31", "close": 92.579182, "volume": 14254459, "typical_volume": 10985533.05, "trend": 93.975213, "fair_value": 88.08716, "relative_strength": -9.435444, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.882422, "energy": 65.333375, "activity_lines": [ 92.987679, 93.402128, 93.626261, 93.788227 ] }, { "date": "2026-08-07", "close": 93.27, "volume": 9502941, "typical_volume": 10662438.95, "trend": 93.946244, "fair_value": 88.163866, "relative_strength": -12.857005, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.952007, "energy": 59.229974, "activity_lines": [ 93.014699, 93.337699, 93.581246, 93.742729 ] } ], "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." } } }