{ "ticker": { "uuid": "47ff6a05-ba24-496a-889f-cc1a7baaccb4", "symbol": "IYG", "name": "ISHARES TRUST U.S. FINL SERVICES 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 70.012, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 81.486, "architecture_energy": 89.487, "architecture_maturity": 13.584, "architecture_confidence": 73.385, "architecture_tenure": "New", "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": 8.17, "rotation_up": 82.36, "upward_expansion": 99.22, "deceleration": 39.38, "rotation_down": 11.22, "downward_expansion": 21.22 }, "activity_lines": [ 95.486333, 94.090753, 91.478597, 89.75808 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 96.84, "trend_reference": 88.454204, "distance_from_trend": 0.094804, "trend_direction": "Improving", "fair_value": 74.864171, "distance_from_fair_value": 0.293543, "fair_value_direction": "Improving", "relative_strength": -2.627421, "relative_strength_direction": "Improving", "price_momentum": 0.058917, "excess_performance": -0.066708, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.094804, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.009747, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.293543, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.083455, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.026274, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.086273, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.058917, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.550822, "read": "Demand-led" } ], "volume": { "latest": 327508, "relative_activity": 0.588152, "balance": 2.550822, "dry_up": 0.696178, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.025187, "annualized_volatility": 0.154293, "from_high_reference": -0.013347, "from_low_reference": 0.215615 }, "levels": { "trend_reference": 88.454204, "fair_value_reference": 74.864171, "structural_low": 79.663369, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 30, "median_return": 0.005379, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.005553, "regime_survival": 0.733333, "best_return": 0.075041, "worst_return": -0.153212, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.022186, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": -0.003243, "regime_survival": 0.692308, "best_return": 0.153917, "worst_return": -0.101658, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.023511, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": -0.030581, "regime_survival": 0.428571, "best_return": 0.250893, "worst_return": -0.067778, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.101307, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.023244, "regime_survival": 0.25, "best_return": 0.367355, "worst_return": -0.104601, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-21", "tenure": "Developing", "return": -0.064203, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.110467, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.084561, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-30", "tenure": "New", "return": 0.027074, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.025409, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-10-17", "tenure": "Established", "return": -0.004077, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2025-12-12", "tenure": "Developing", "return": 0.042268, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-01-30", "tenure": "Developing", "return": -0.02008, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-06", "end": "2026-02-27", "tenure": "New", "return": -0.065775, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.033227, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-05-08", "tenure": "Developing", "return": 0.060727, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-06-12", "tenure": "Developing", "return": 0.047094, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-19", "end": "2026-07-17", "tenure": "Developing", "return": 0.042356, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.025142, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 51.094585, "volume": 173775, "typical_volume": 204638.95, "trend": 50.595347, "fair_value": 51.850984, "relative_strength": -6.25708, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.356847, "energy": 41.132455, "activity_lines": [ 52.523525, 52.237566, 51.013846, 50.487282 ] }, { "date": "2023-08-25", "close": 50.895973, "volume": 148183, "typical_volume": 203280.95, "trend": 50.473317, "fair_value": 51.923371, "relative_strength": -7.213435, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 43.055446, "energy": 27.540927, "activity_lines": [ 51.843759, 52.093063, 51.092098, 50.506677 ] }, { "date": "2023-09-01", "close": 52.113274, "volume": 160009, "typical_volume": 202231.15, "trend": 50.358266, "fair_value": 52.008307, "relative_strength": -7.194701, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.626576, "energy": 23.462626, "activity_lines": [ 51.759829, 52.158879, 51.269262, 50.612481 ] }, { "date": "2023-09-08", "close": 51.508083, "volume": 95164, "typical_volume": 184845.25, "trend": 50.246596, "fair_value": 52.096306, "relative_strength": -6.923143, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.61318, "energy": 25.079822, "activity_lines": [ 51.581377, 52.055542, 51.37453, 50.686662 ] }, { "date": "2023-09-15", "close": 52.202969, "volume": 203670, "typical_volume": 185338.4, "trend": 50.165067, "fair_value": 52.188332, "relative_strength": -5.377546, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.943134, "energy": 20.88717, "activity_lines": [ 51.751569, 52.062235, 51.536835, 50.81288 ] }, { "date": "2023-09-22", "close": 50.441087, "volume": 161726, "typical_volume": 181114.65, "trend": 50.066885, "fair_value": 52.278775, "relative_strength": -5.680953, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.00529, "energy": 14.183609, "activity_lines": [ 51.377605, 51.71498, 51.516839, 50.830688 ] }, { "date": "2023-09-29", "close": 49.819094, "volume": 315162, "typical_volume": 187305.25, "trend": 49.930843, "fair_value": 52.356003, "relative_strength": -6.055529, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.035257, "energy": 11.303152, "activity_lines": [ 50.839878, 51.285038, 51.423228, 50.814701 ] }, { "date": "2023-10-06", "close": 49.45183, "volume": 167443, "typical_volume": 184749.0, "trend": 49.956147, "fair_value": 52.42073, "relative_strength": -7.015269, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.679622, "energy": 20.280876, "activity_lines": [ 50.251521, 50.859738, 51.280307, 50.783797 ] }, { "date": "2023-10-13", "close": 49.493711, "volume": 93161, "typical_volume": 181285.45, "trend": 50.063405, "fair_value": 52.488835, "relative_strength": -7.152244, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.594044, "energy": 38.191288, "activity_lines": [ 49.854553, 50.51968, 51.135241, 50.753963 ] }, { "date": "2023-10-20", "close": 47.940891, "volume": 105231, "typical_volume": 170943.9, "trend": 50.117074, "fair_value": 52.546301, "relative_strength": -7.660972, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.260828, "energy": 62.278507, "activity_lines": [ 49.074271, 49.96583, 50.835323, 50.617026 ] }, { "date": "2023-10-27", "close": 46.719898, "volume": 151228, "typical_volume": 158734.5, "trend": 50.06911, "fair_value": 52.612186, "relative_strength": -7.449775, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.196255, "energy": 71.447117, "activity_lines": [ 48.171129, 49.279239, 50.425202, 50.397854 ] }, { "date": "2023-11-03", "close": 50.450531, "volume": 105914, "typical_volume": 154101.4, "trend": 50.173415, "fair_value": 52.688711, "relative_strength": -5.299534, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.434865, "energy": 47.41683, "activity_lines": [ 48.759611, 49.350484, 50.384804, 50.422461 ] }, { "date": "2023-11-10", "close": 50.479687, "volume": 96447, "typical_volume": 150512.8, "trend": 50.218769, "fair_value": 52.74599, "relative_strength": -6.206664, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.947802, "energy": 26.657888, "activity_lines": [ 49.315716, 49.43513, 50.34642, 50.442221 ] }, { "date": "2023-11-17", "close": 52.502702, "volume": 183386, "typical_volume": 152732.4, "trend": 50.315925, "fair_value": 52.816335, "relative_strength": -4.396143, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 20.45105, "energy": 15.20448, "activity_lines": [ 50.477636, 49.917298, 50.493001, 50.589571 ] }, { "date": "2023-11-24", "close": 52.93849, "volume": 72039, "typical_volume": 150544.25, "trend": 50.441964, "fair_value": 52.875613, "relative_strength": -4.293932, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 50.614655, "energy": 42.523464, "activity_lines": [ 51.584219, 50.460616, 50.672076, 50.758769 ] }, { "date": "2023-12-01", "close": 54.435672, "volume": 102978, "typical_volume": 144963.45, "trend": 50.675757, "fair_value": 52.938702, "relative_strength": -2.196772, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 71.698164, "energy": 63.232176, "activity_lines": [ 52.856689, 51.262776, 50.981436, 51.016428 ] }, { "date": "2023-12-08", "close": 54.580742, "volume": 87203, "typical_volume": 142124.45, "trend": 50.934803, "fair_value": 53.008174, "relative_strength": -1.990389, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.759286, "energy": 82.760701, "activity_lines": [ 53.663131, 52.018684, 51.293553, 51.268362 ] }, { "date": "2023-12-15", "close": 57.228815, "volume": 116315, "typical_volume": 142411.65, "trend": 51.236972, "fair_value": 53.092041, "relative_strength": 0.488502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.939677, "energy": 92.122418, "activity_lines": [ 55.076916, 53.169483, 51.853898, 51.674428 ] }, { "date": "2023-12-22", "close": 57.522341, "volume": 143265, "typical_volume": 141912.5, "trend": 51.553344, "fair_value": 53.172914, "relative_strength": 0.237474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.509765, "energy": 94.391377, "activity_lines": [ 56.138602, 54.232252, 52.425495, 52.079935 ] }, { "date": "2023-12-29", "close": 57.99808, "volume": 62848, "typical_volume": 137257.35, "trend": 51.846015, "fair_value": 53.249644, "relative_strength": 0.883442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.641972, "energy": 93.153847, "activity_lines": [ 57.024224, 55.235544, 53.02212, 52.495725 ] }, { "date": "2024-01-05", "close": 57.917172, "volume": 102589, "typical_volume": 133698.05, "trend": 52.118282, "fair_value": 53.311698, "relative_strength": 2.527158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.124853, "energy": 90.608538, "activity_lines": [ 57.545572, 56.041266, 53.586524, 52.887412 ] }, { "date": "2024-01-12", "close": 57.277416, "volume": 80945, "typical_volume": 130336.15, "trend": 52.351178, "fair_value": 53.373819, "relative_strength": -0.208871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.945047, "energy": 86.436086, "activity_lines": [ 57.621567, 56.527083, 54.057511, 53.22026 ] }, { "date": "2024-01-19", "close": 57.642085, "volume": 85270, "typical_volume": 126599.2, "trend": 52.643855, "fair_value": 53.443253, "relative_strength": -0.514635, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.600566, "energy": 78.548074, "activity_lines": [ 57.63934, 56.955078, 54.532841, 53.561608 ] }, { "date": "2024-01-26", "close": 58.913958, "volume": 117855, "typical_volume": 127733.75, "trend": 52.920624, "fair_value": 53.535076, "relative_strength": 0.894767, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.200945, "energy": 71.647717, "activity_lines": [ 58.05352, 57.484098, 55.102974, 53.966131 ] }, { "date": "2024-02-02", "close": 59.568374, "volume": 99985, "typical_volume": 122549.5, "trend": 53.22775, "fair_value": 53.609327, "relative_strength": 0.847482, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.532315, "energy": 83.105555, "activity_lines": [ 58.593064, 58.015534, 55.700166, 54.395018 ] }, { "date": "2024-02-09", "close": 59.677729, "volume": 81282, "typical_volume": 118527.3, "trend": 53.479899, "fair_value": 53.678596, "relative_strength": -0.067851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.330203, "energy": 85.191799, "activity_lines": [ 59.064373, 58.446309, 56.272699, 54.811146 ] }, { "date": "2024-02-16", "close": 60.590372, "volume": 85202, "typical_volume": 107029.3, "trend": 53.708011, "fair_value": 53.746164, "relative_strength": 2.049764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.433634, "energy": 90.090676, "activity_lines": [ 59.722527, 58.947709, 56.888167, 55.269886 ] }, { "date": "2024-02-23", "close": 61.519195, "volume": 116583, "typical_volume": 104486.3, "trend": 53.967937, "fair_value": 53.818408, "relative_strength": 2.170618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.443131, "energy": 90.600731, "activity_lines": [ 60.469424, 59.50872, 57.540802, 55.773834 ] }, { "date": "2024-03-01", "close": 61.706902, "volume": 95733, "typical_volume": 104614.9, "trend": 54.249391, "fair_value": 53.879861, "relative_strength": 1.731948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.155809, "energy": 85.000255, "activity_lines": [ 61.020416, 60.025853, 58.15385, 56.273122 ] }, { "date": "2024-03-08", "close": 62.176168, "volume": 291034, "typical_volume": 113905.05, "trend": 54.560261, "fair_value": 53.930871, "relative_strength": 2.842377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.297884, "energy": 83.984807, "activity_lines": [ 61.541634, 60.552224, 58.753433, 56.784527 ] }, { "date": "2024-03-15", "close": 62.176168, "volume": 260621, "typical_volume": 119374.7, "trend": 54.929647, "fair_value": 53.990495, "relative_strength": 2.875557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.332743, "energy": 86.348293, "activity_lines": [ 61.888999, 61.002629, 59.285228, 57.275875 ] }, { "date": "2024-03-22", "close": 63.512865, "volume": 306191, "typical_volume": 129388.55, "trend": 55.35021, "fair_value": 54.055489, "relative_strength": 2.741439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.881735, "energy": 84.000911, "activity_lines": [ 62.515367, 61.618634, 59.870727, 57.829631 ] }, { "date": "2024-03-29", "close": 64.564596, "volume": 200095, "typical_volume": 134570.95, "trend": 55.765254, "fair_value": 54.12681, "relative_strength": 4.002496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.604796, "energy": 77.796487, "activity_lines": [ 63.297479, 62.312492, 60.494189, 58.424108 ] }, { "date": "2024-04-05", "close": 63.619986, "volume": 600187, "typical_volume": 155411.0, "trend": 56.168984, "fair_value": 54.184698, "relative_strength": 3.307956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.305012, "energy": 68.337951, "activity_lines": [ 63.561694, 62.708738, 60.960617, 58.930865 ] }, { "date": "2024-04-12", "close": 61.555477, "volume": 274477, "typical_volume": 165532.9, "trend": 56.480734, "fair_value": 54.227104, "relative_strength": 1.444053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.65432, "energy": 64.887848, "activity_lines": [ 63.010201, 62.644054, 61.177485, 59.27838 ] }, { "date": "2024-04-19", "close": 61.758909, "volume": 231176, "typical_volume": 171942.8, "trend": 56.857995, "fair_value": 54.269847, "relative_strength": 4.958961, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.506594, "energy": 51.999867, "activity_lines": [ 62.567898, 62.580229, 61.372695, 59.618908 ] }, { "date": "2024-04-26", "close": 62.850664, "volume": 178891, "typical_volume": 176527.2, "trend": 57.292381, "fair_value": 54.312289, "relative_strength": 3.998219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.353618, "energy": 43.246377, "activity_lines": [ 62.51733, 62.677066, 61.637009, 60.005532 ] }, { "date": "2024-05-03", "close": 62.412443, "volume": 247416, "typical_volume": 183082.25, "trend": 57.724401, "fair_value": 54.341349, "relative_strength": 2.570368, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.84736, "energy": 33.424662, "activity_lines": [ 62.364836, 62.653129, 61.820207, 60.335858 ] }, { "date": "2024-05-10", "close": 64.350354, "volume": 290319, "typical_volume": 190434.95, "trend": 58.219623, "fair_value": 54.383542, "relative_strength": 3.679269, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.469046, "energy": 49.630335, "activity_lines": [ 63.001789, 62.9653, 62.163284, 60.763339 ] }, { "date": "2024-05-17", "close": 65.353394, "volume": 332048, "typical_volume": 203894.95, "trend": 58.80004, "fair_value": 54.434137, "relative_strength": 3.471017, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.998819, "energy": 61.455725, "activity_lines": [ 63.924397, 63.411778, 62.569374, 61.223582 ] }, { "date": "2024-05-24", "close": 64.233495, "volume": 179829, "typical_volume": 207756.95, "trend": 59.383826, "fair_value": 54.474357, "relative_strength": 1.612988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.104746, "energy": 55.940444, "activity_lines": [ 64.220511, 63.596871, 62.833782, 61.574128 ] }, { "date": "2024-05-31", "close": 64.019254, "volume": 161158, "typical_volume": 211767.6, "trend": 59.836117, "fair_value": 54.50843, "relative_strength": 1.59466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.487047, "energy": 54.670814, "activity_lines": [ 64.280239, 63.705604, 63.047709, 61.873188 ] }, { "date": "2024-06-07", "close": 63.6492, "volume": 495640, "typical_volume": 232286.1, "trend": 60.275101, "fair_value": 54.546488, "relative_strength": -0.277154, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.707685, "energy": 48.032135, "activity_lines": [ 64.13871, 63.737848, 63.194288, 62.119193 ] }, { "date": "2024-06-14", "close": 62.557011, "volume": 215812, "typical_volume": 237183.95, "trend": 60.610244, "fair_value": 54.596501, "relative_strength": -3.565462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.16868, "energy": 28.404443, "activity_lines": [ 63.550667, 63.588156, 63.208244, 62.266413 ] }, { "date": "2024-06-21", "close": 63.525228, "volume": 174247, "typical_volume": 240897.05, "trend": 60.963135, "fair_value": 54.633664, "relative_strength": -2.734074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.673043, "energy": 22.399487, "activity_lines": [ 63.404919, 63.633831, 63.297063, 62.454477 ] }, { "date": "2024-06-28", "close": 63.71086, "volume": 192417, "typical_volume": 246453.8, "trend": 61.272308, "fair_value": 54.67269, "relative_strength": -2.418029, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.570597, "energy": 19.665768, "activity_lines": [ 63.442927, 63.677442, 63.384719, 62.631749 ] }, { "date": "2024-07-05", "close": 64.316607, "volume": 200901, "typical_volume": 252238.75, "trend": 61.596837, "fair_value": 54.717832, "relative_strength": -3.33359, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.391975, "energy": 24.532179, "activity_lines": [ 63.717692, 63.7957, 63.51086, 62.828156 ] }, { "date": "2024-07-12", "close": 65.674651, "volume": 373272, "typical_volume": 265073.2, "trend": 61.878365, "fair_value": 54.774962, "relative_strength": -2.230084, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.653435, "energy": 50.18707, "activity_lines": [ 64.425315, 64.134221, 63.748594, 63.09124 ] }, { "date": "2024-07-19", "close": 66.739593, "volume": 229932, "typical_volume": 271783.15, "trend": 62.185607, "fair_value": 54.836308, "relative_strength": 1.329256, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.398413, "energy": 72.935895, "activity_lines": [ 65.352889, 64.607055, 64.067964, 63.404868 ] }, { "date": "2024-07-26", "close": 67.570052, "volume": 193754, "typical_volume": 266919.15, "trend": 62.504673, "fair_value": 54.90116, "relative_strength": 3.366588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.905965, "energy": 84.271034, "activity_lines": [ 66.278444, 65.187441, 64.44246, 63.752251 ] }, { "date": "2024-08-02", "close": 64.65856, "volume": 195192, "typical_volume": 263647.7, "trend": 62.729386, "fair_value": 54.937325, "relative_strength": 1.047375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.460665, "energy": 67.815664, "activity_lines": [ 65.963846, 65.198162, 64.513985, 63.891212 ] }, { "date": "2024-08-09", "close": 65.098215, "volume": 195507, "typical_volume": 258113.5, "trend": 62.990079, "fair_value": 54.973245, "relative_strength": 1.686683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.106139, "energy": 44.581734, "activity_lines": [ 65.732621, 65.281092, 64.615562, 64.04404 ] }, { "date": "2024-08-16", "close": 67.211098, "volume": 141771, "typical_volume": 255197.3, "trend": 63.309046, "fair_value": 55.032811, "relative_strength": 0.90787, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.868701, "energy": 45.738461, "activity_lines": [ 66.153582, 65.728564, 64.910816, 64.316363 ] }, { "date": "2024-08-23", "close": 68.313069, "volume": 128226, "typical_volume": 231599.25, "trend": 63.62235, "fair_value": 55.085484, "relative_strength": 1.067315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.744031, "energy": 48.461778, "activity_lines": [ 66.839437, 66.311634, 65.298418, 64.639204 ] }, { "date": "2024-08-30", "close": 70.11028, "volume": 193158, "typical_volume": 227533.3, "trend": 63.973746, "fair_value": 55.159878, "relative_strength": 3.321157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.708837, "energy": 73.761079, "activity_lines": [ 68.019464, 67.116813, 65.834835, 65.05778 ] }, { "date": "2024-09-06", "close": 67.41373, "volume": 193273, "typical_volume": 225638.15, "trend": 64.231613, "fair_value": 55.221099, "relative_strength": 3.510427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.146171, "energy": 67.294665, "activity_lines": [ 68.131293, 67.311983, 66.0737, 65.279714 ] }, { "date": "2024-09-13", "close": 67.814305, "volume": 161654, "typical_volume": 224776.3, "trend": 64.472411, "fair_value": 55.284847, "relative_strength": 0.08731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.83758, "energy": 59.651945, "activity_lines": [ 68.192968, 67.512659, 66.323787, 65.510856 ] }, { "date": "2024-09-20", "close": 69.758556, "volume": 266154, "typical_volume": 225713.2, "trend": 64.747056, "fair_value": 55.351048, "relative_strength": 1.450206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.665567, "energy": 58.524436, "activity_lines": [ 68.721655, 68.003241, 66.735405, 65.851897 ] }, { "date": "2024-09-27", "close": 69.350454, "volume": 175753, "typical_volume": 219984.9, "trend": 65.001841, "fair_value": 55.414733, "relative_strength": 0.236915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.497985, "energy": 46.391734, "activity_lines": [ 68.944477, 68.34537, 67.073174, 66.148891 ] }, { "date": "2024-10-04", "close": 70.085722, "volume": 221241, "typical_volume": 214444.55, "trend": 65.265493, "fair_value": 55.476641, "relative_strength": 0.942426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.63126, "energy": 49.502618, "activity_lines": [ 69.343229, 68.773713, 67.457159, 66.476883 ] }, { "date": "2024-10-11", "close": 71.722918, "volume": 120684, "typical_volume": 211487.3, "trend": 65.583718, "fair_value": 55.543787, "relative_strength": 2.002797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.828937, "energy": 66.365376, "activity_lines": [ 70.28935, 69.453989, 67.974532, 66.893491 ] }, { "date": "2024-10-18", "close": 73.752257, "volume": 133854, "typical_volume": 210122.1, "trend": 65.925031, "fair_value": 55.613166, "relative_strength": 3.812337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.378014, "energy": 82.512681, "activity_lines": [ 71.624639, 70.374794, 68.649512, 67.420493 ] }, { "date": "2024-10-25", "close": 72.242507, "volume": 273794, "typical_volume": 199029.8, "trend": 66.180962, "fair_value": 55.679891, "relative_strength": 2.508481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.961623, "energy": 78.164047, "activity_lines": [ 72.060814, 70.863751, 69.134359, 67.828073 ] }, { "date": "2024-11-01", "close": 72.36015, "volume": 204513, "typical_volume": 198464.85, "trend": 66.4723, "fair_value": 55.745526, "relative_strength": 3.964659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.333646, "energy": 80.310479, "activity_lines": [ 72.370607, 71.282619, 69.589489, 68.22673 ] }, { "date": "2024-11-08", "close": 77.105078, "volume": 417971, "typical_volume": 210651.05, "trend": 66.99062, "fair_value": 55.840525, "relative_strength": 5.541211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.01774, "energy": 91.039112, "activity_lines": [ 74.061396, 72.490617, 70.449835, 68.912716 ] }, { "date": "2024-11-15", "close": 78.413855, "volume": 294905, "typical_volume": 215775.45, "trend": 67.545785, "fair_value": 55.956752, "relative_strength": 9.339765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.502337, "energy": 93.18287, "activity_lines": [ 75.720487, 73.809396, 71.370161, 69.649698 ] }, { "date": "2024-11-22", "close": 79.854979, "volume": 268159, "typical_volume": 219138.35, "trend": 68.112596, "fair_value": 56.087654, "relative_strength": 9.245538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.493349, "energy": 94.713472, "activity_lines": [ 77.41389, 75.190196, 72.357723, 70.44384 ] }, { "date": "2024-11-29", "close": 80.722595, "volume": 175935, "typical_volume": 209271.5, "trend": 68.722934, "fair_value": 56.232313, "relative_strength": 8.906929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.522152, "energy": 94.081407, "activity_lines": [ 78.989651, 76.509823, 73.353922, 71.257388 ] }, { "date": "2024-12-06", "close": 79.69322, "volume": 361138, "typical_volume": 215831.8, "trend": 69.234363, "fair_value": 56.358269, "relative_strength": 6.406282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.757061, "energy": 88.357366, "activity_lines": [ 79.656947, 77.442944, 74.180429, 71.965149 ] }, { "date": "2024-12-13", "close": 78.252096, "volume": 296655, "typical_volume": 220976.85, "trend": 69.66432, "fair_value": 56.48246, "relative_strength": 4.999406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.113503, "energy": 83.805891, "activity_lines": [ 79.354997, 77.925993, 74.808002, 72.546938 ] }, { "date": "2024-12-20", "close": 76.498467, "volume": 329478, "typical_volume": 227691.15, "trend": 70.073152, "fair_value": 56.588399, "relative_strength": 4.462441, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.13145, "energy": 63.77464, "activity_lines": [ 78.392037, 77.941721, 75.217696, 72.987851 ] }, { "date": "2024-12-27", "close": 77.23611, "volume": 184892, "typical_volume": 227160.4, "trend": 70.513714, "fair_value": 56.698857, "relative_strength": 4.684419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.044056, "energy": 49.169237, "activity_lines": [ 77.802649, 78.004737, 75.641261, 73.449977 ] }, { "date": "2025-01-03", "close": 77.127922, "volume": 309325, "typical_volume": 235538.1, "trend": 70.963005, "fair_value": 56.791868, "relative_strength": 4.997856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.492179, "energy": 38.091115, "activity_lines": [ 77.351791, 77.98474, 75.996723, 73.8767 ] }, { "date": "2025-01-10", "close": 74.954335, "volume": 406305, "typical_volume": 249442.05, "trend": 71.376249, "fair_value": 56.874751, "relative_strength": 3.933728, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.294785, "energy": 27.687908, "activity_lines": [ 76.416048, 77.48072, 76.097953, 74.134205 ] }, { "date": "2025-01-17", "close": 80.088329, "volume": 411982, "typical_volume": 260383.25, "trend": 71.928352, "fair_value": 57.017198, "relative_strength": 7.659944, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.033419, "energy": 38.04095, "activity_lines": [ 77.507563, 77.862986, 76.656511, 74.696275 ] }, { "date": "2025-01-24", "close": 81.475097, "volume": 280523, "typical_volume": 264745.75, "trend": 72.520494, "fair_value": 57.159491, "relative_strength": 7.459979, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.559455, "energy": 52.57131, "activity_lines": [ 78.938917, 78.44315, 77.299627, 75.312194 ] }, { "date": "2025-01-31", "close": 82.320927, "volume": 385906, "typical_volume": 275958.35, "trend": 73.120638, "fair_value": 57.293719, "relative_strength": 9.436291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.397753, "energy": 59.983026, "activity_lines": [ 80.32044, 79.121444, 77.956339, 75.94448 ] }, { "date": "2025-02-07", "close": 82.743842, "volume": 506283, "typical_volume": 287964.8, "trend": 73.689611, "fair_value": 57.433786, "relative_strength": 9.901043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.365661, "energy": 86.010145, "activity_lines": [ 81.503947, 79.831795, 78.58425, 76.565332 ] }, { "date": "2025-02-14", "close": 82.8717, "volume": 367082, "typical_volume": 297531.25, "trend": 74.227347, "fair_value": 57.583437, "relative_strength": 8.241652, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.133324, "energy": 86.855831, "activity_lines": [ 82.355678, 80.528643, 79.162503, 77.157725 ] }, { "date": "2025-02-21", "close": 80.530914, "volume": 379171, "typical_volume": 305427.75, "trend": 74.659376, "fair_value": 57.720614, "relative_strength": 6.706815, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.326453, "energy": 72.731708, "activity_lines": [ 81.899323, 80.742103, 79.453437, 77.564406 ] }, { "date": "2025-02-28", "close": 82.183234, "volume": 603258, "typical_volume": 329556.45, "trend": 75.243532, "fair_value": 57.895436, "relative_strength": 9.67604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.515014, "energy": 54.328017, "activity_lines": [ 81.964236, 81.214552, 79.851996, 78.049817 ] }, { "date": "2025-03-07", "close": 76.567314, "volume": 1360164, "typical_volume": 390871.95, "trend": 75.625835, "fair_value": 58.04402, "relative_strength": 5.262476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.118542, "energy": 22.260659, "activity_lines": [ 80.109966, 80.562566, 79.665894, 78.135222 ] }, { "date": "2025-03-14", "close": 75.180546, "volume": 670321, "typical_volume": 410698.3, "trend": 75.891484, "fair_value": 58.156601, "relative_strength": 5.595559, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 6.075213, "energy": 15.531725, "activity_lines": [ 78.177014, 79.670599, 79.334314, 78.106493 ] }, { "date": "2025-03-21", "close": 77.035665, "volume": 523649, "typical_volume": 426655.1, "trend": 76.182237, "fair_value": 58.280057, "relative_strength": 7.438297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 5.505079, "energy": 19.913789, "activity_lines": [ 77.366656, 79.151334, 79.165422, 78.180312 ] }, { "date": "2025-03-28", "close": 76.601717, "volume": 321285, "typical_volume": 421820.8, "trend": 76.398618, "fair_value": 58.410451, "relative_strength": 8.222263, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.543332, "energy": 22.925407, "activity_lines": [ 76.800716, 78.515327, 78.932937, 78.207375 ] }, { "date": "2025-04-04", "close": 68.139728, "volume": 942499, "typical_volume": 454200.5, "trend": 76.422818, "fair_value": 58.495322, "relative_strength": 5.696923, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -49.234679, "energy": 56.814734, "activity_lines": [ 73.676061, 76.404169, 77.896945, 77.674543 ] }, { "date": "2025-04-11", "close": 72.311548, "volume": 1519018, "typical_volume": 516743.45, "trend": 76.572726, "fair_value": 58.615175, "relative_strength": 5.933347, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.164049, "energy": 57.180943, "activity_lines": [ 72.878245, 75.293985, 77.307194, 77.4093 ] }, { "date": "2025-04-18", "close": 72.558109, "volume": 287895, "typical_volume": 522341.45, "trend": 76.666044, "fair_value": 58.742909, "relative_strength": 7.628406, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.965678, "energy": 58.335176, "activity_lines": [ 72.446335, 74.410619, 76.776845, 77.150292 ] }, { "date": "2025-04-25", "close": 75.733821, "volume": 367834, "typical_volume": 522676.25, "trend": 76.878823, "fair_value": 58.90248, "relative_strength": 7.197626, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.137378, "energy": 43.37497, "activity_lines": [ 73.247824, 74.289851, 76.587824, 77.090149 ] }, { "date": "2025-05-02", "close": 78.426272, "volume": 351581, "typical_volume": 525422.55, "trend": 77.156842, "fair_value": 59.07955, "relative_strength": 7.613263, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.011785, "energy": 9.710143, "activity_lines": [ 75.033586, 74.788399, 76.674082, 77.189984 ] }, { "date": "2025-05-09", "close": 78.682696, "volume": 267425, "typical_volume": 522319.9, "trend": 77.388834, "fair_value": 59.269884, "relative_strength": 8.196621, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.714013, "energy": 16.586581, "activity_lines": [ 76.783186, 75.371835, 76.783931, 77.288427 ] }, { "date": "2025-05-16", "close": 82.183869, "volume": 431560, "typical_volume": 534653.3, "trend": 77.669888, "fair_value": 59.485582, "relative_strength": 7.119279, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.297656, "energy": 24.622043, "activity_lines": [ 78.99698, 76.655495, 77.216824, 77.597784 ] }, { "date": "2025-05-23", "close": 79.550592, "volume": 486568, "typical_volume": 543515.45, "trend": 77.913491, "fair_value": 59.657759, "relative_strength": 6.159516, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.045417, "energy": 21.834924, "activity_lines": [ 79.674859, 77.358257, 77.375368, 77.719119 ] }, { "date": "2025-05-30", "close": 80.812987, "volume": 244823, "typical_volume": 535441.35, "trend": 78.195252, "fair_value": 59.842989, "relative_strength": 5.740362, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.8793, "energy": 30.078772, "activity_lines": [ 80.307372, 78.211091, 77.642604, 77.906184 ] }, { "date": "2025-06-06", "close": 81.769646, "volume": 302669, "typical_volume": 529975.7, "trend": 78.350738, "fair_value": 60.058425, "relative_strength": 5.005339, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.035591, "energy": 42.765543, "activity_lines": [ 80.920159, 79.169184, 77.973051, 78.13679 ] }, { "date": "2025-06-13", "close": 79.698529, "volume": 272992, "typical_volume": 529599.15, "trend": 78.39356, "fair_value": 60.276682, "relative_strength": 2.458143, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.347067, "energy": 27.596556, "activity_lines": [ 80.619683, 79.656748, 78.098244, 78.223744 ] }, { "date": "2025-06-20", "close": 80.633425, "volume": 301318, "typical_volume": 525369.75, "trend": 78.419508, "fair_value": 60.484151, "relative_strength": 3.559052, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.350485, "energy": 23.866875, "activity_lines": [ 80.563116, 80.104133, 78.320933, 78.368251 ] }, { "date": "2025-06-27", "close": 83.847291, "volume": 355313, "typical_volume": 517821.25, "trend": 78.523665, "fair_value": 60.72012, "relative_strength": 3.802112, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.259524, "energy": 47.341376, "activity_lines": [ 81.681201, 80.984551, 78.857741, 78.718431 ] }, { "date": "2025-07-04", "close": 86.448051, "volume": 281270, "typical_volume": 513530.65, "trend": 78.748826, "fair_value": 60.969083, "relative_strength": 4.916731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.396765, "energy": 69.665463, "activity_lines": [ 83.37976, 82.132576, 79.636986, 79.229682 ] }, { "date": "2025-07-11", "close": 85.241615, "volume": 466925, "typical_volume": 517918.35, "trend": 78.98181, "fair_value": 61.209428, "relative_strength": 3.466777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.842399, "energy": 78.972075, "activity_lines": [ 84.300502, 82.866445, 80.284302, 79.648571 ] }, { "date": "2025-07-18", "close": 86.012943, "volume": 297561, "typical_volume": 502633.5, "trend": 79.298959, "fair_value": 61.443946, "relative_strength": 3.533597, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.564528, "energy": 82.553819, "activity_lines": [ 85.246889, 83.61664, 80.982646, 80.102193 ] }, { "date": "2025-07-25", "close": 87.476488, "volume": 357405, "typical_volume": 452495.55, "trend": 79.640305, "fair_value": 61.679787, "relative_strength": 3.546577, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.347647, "energy": 89.580561, "activity_lines": [ 86.260163, 84.499657, 81.802138, 80.629775 ] }, { "date": "2025-08-01", "close": 84.341732, "volume": 361182, "typical_volume": 437038.6, "trend": 79.880765, "fair_value": 61.892902, "relative_strength": 2.11584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.502305, "energy": 77.12587, "activity_lines": [ 85.772315, 84.716489, 82.271134, 80.933093 ] }, { "date": "2025-08-08", "close": 85.053727, "volume": 410502, "typical_volume": 431381.25, "trend": 80.217412, "fair_value": 62.096634, "relative_strength": 0.336544, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.814293, "energy": 57.111848, "activity_lines": [ 85.488835, 84.975663, 82.764314, 81.266833 ] }, { "date": "2025-08-15", "close": 86.012943, "volume": 344879, "typical_volume": 432560.95, "trend": 80.414899, "fair_value": 62.312865, "relative_strength": 0.3226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.689516, "energy": 53.138876, "activity_lines": [ 85.618049, 85.332135, 83.310667, 81.640738 ] }, { "date": "2025-08-22", "close": 87.773152, "volume": 301112, "typical_volume": 400491.6, "trend": 80.624834, "fair_value": 62.553985, "relative_strength": 1.888084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.503197, "energy": 56.523909, "activity_lines": [ 86.282578, 85.931495, 83.979843, 82.115464 ] }, { "date": "2025-08-29", "close": 88.692812, "volume": 317429, "typical_volume": 340412.15, "trend": 80.83723, "fair_value": 62.808816, "relative_strength": 2.825713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.924528, "energy": 64.045381, "activity_lines": [ 87.136312, 86.551254, 84.643114, 82.635979 ] }, { "date": "2025-09-05", "close": 87.150157, "volume": 341843, "typical_volume": 343109.55, "trend": 80.984107, "fair_value": 63.038587, "relative_strength": 0.574714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.026166, "energy": 63.204756, "activity_lines": [ 87.39474, 86.743996, 85.081458, 83.043264 ] }, { "date": "2025-09-12", "close": 88.584035, "volume": 403533, "typical_volume": 344894.5, "trend": 81.174519, "fair_value": 63.291697, "relative_strength": 0.466394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.378232, "energy": 71.058247, "activity_lines": [ 87.943899, 87.137391, 85.586877, 83.533582 ] }, { "date": "2025-09-19", "close": 89.793613, "volume": 237503, "typical_volume": 339190.6, "trend": 81.483275, "fair_value": 63.573017, "relative_strength": 0.436913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.112673, "energy": 69.289647, "activity_lines": [ 88.660897, 87.711873, 86.146303, 84.089653 ] }, { "date": "2025-09-26", "close": 89.0203, "volume": 380807, "typical_volume": 344859.7, "trend": 81.711177, "fair_value": 63.858094, "relative_strength": -0.311504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.380922, "energy": 60.172431, "activity_lines": [ 88.868079, 88.06299, 86.577949, 84.575912 ] }, { "date": "2025-10-03", "close": 88.365957, "volume": 278704, "typical_volume": 337216.9, "trend": 82.104466, "fair_value": 64.132404, "relative_strength": -2.251902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.751548, "energy": 55.316212, "activity_lines": [ 88.774003, 88.240455, 86.89805, 85.005253 ] }, { "date": "2025-10-10", "close": 85.45116, "volume": 289474, "typical_volume": 327362.2, "trend": 82.446819, "fair_value": 64.38894, "relative_strength": -3.209951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.629344, "energy": 37.158623, "activity_lines": [ 87.730119, 87.871786, 86.911113, 85.221169 ] }, { "date": "2025-10-17", "close": 86.095588, "volume": 335809, "typical_volume": 331911.5, "trend": 82.748817, "fair_value": 64.638689, "relative_strength": -4.17478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.037249, "energy": 22.799082, "activity_lines": [ 87.014311, 87.600113, 86.957452, 85.456573 ] }, { "date": "2025-10-24", "close": 87.959472, "volume": 254298, "typical_volume": 329492.95, "trend": 83.127409, "fair_value": 64.879075, "relative_strength": -4.008434, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.685028, "energy": 21.87694, "activity_lines": [ 87.085694, 87.648386, 87.156148, 85.792744 ] }, { "date": "2025-10-31", "close": 87.37453, "volume": 250380, "typical_volume": 328362.35, "trend": 83.768569, "fair_value": 65.118644, "relative_strength": -5.317261, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.106822, "energy": 20.415038, "activity_lines": [ 87.084372, 87.554914, 87.269661, 86.066752 ] }, { "date": "2025-11-07", "close": 87.899986, "volume": 269904, "typical_volume": 326791.65, "trend": 84.288183, "fair_value": 65.340837, "relative_strength": -3.181015, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.22688, "energy": 21.504898, "activity_lines": [ 87.36792, 87.564228, 87.396664, 86.333295 ] }, { "date": "2025-11-14", "close": 87.02753, "volume": 214949, "typical_volume": 319773.45, "trend": 84.770497, "fair_value": 65.565382, "relative_strength": -4.197647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.657662, "energy": 21.310036, "activity_lines": [ 87.391714, 87.429328, 87.405974, 86.510027 ] }, { "date": "2025-11-21", "close": 85.58996, "volume": 357920, "typical_volume": 323605.95, "trend": 85.099035, "fair_value": 65.774577, "relative_strength": -3.855932, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.895347, "energy": 6.100602, "activity_lines": [ 86.831227, 87.035281, 87.263228, 86.562896 ] }, { "date": "2025-11-28", "close": 88.722871, "volume": 651520, "typical_volume": 332835.7, "trend": 85.442255, "fair_value": 66.004875, "relative_strength": -3.810365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.082612, "energy": 20.169167, "activity_lines": [ 87.348752, 87.265292, 87.422941, 86.796692 ] }, { "date": "2025-12-05", "close": 89.744042, "volume": 1345308, "typical_volume": 385223.05, "trend": 85.810967, "fair_value": 66.257085, "relative_strength": -3.004441, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.261989, "energy": 30.160908, "activity_lines": [ 88.155775, 87.700439, 87.663331, 87.074226 ] }, { "date": "2025-12-12", "close": 91.677326, "volume": 499141, "typical_volume": 392309.85, "trend": 86.127415, "fair_value": 66.529842, "relative_strength": -0.391921, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.224465, "energy": 57.284158, "activity_lines": [ 89.449257, 88.473933, 88.070076, 87.452701 ] }, { "date": "2025-12-19", "close": 91.60107, "volume": 551826, "typical_volume": 401842.05, "trend": 86.529098, "fair_value": 66.799874, "relative_strength": -0.646606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.922012, "energy": 70.332251, "activity_lines": [ 90.465499, 89.173355, 88.449555, 87.80584 ] }, { "date": "2025-12-26", "close": 93.301252, "volume": 298424, "typical_volume": 396238.15, "trend": 86.945373, "fair_value": 67.077715, "relative_strength": -0.281708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.567164, "energy": 79.443368, "activity_lines": [ 91.743565, 90.070085, 88.956387, 88.242753 ] }, { "date": "2026-01-02", "close": 92.336821, "volume": 324343, "typical_volume": 395211.35, "trend": 87.297613, "fair_value": 67.337277, "relative_strength": -0.32828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.426788, "energy": 76.577989, "activity_lines": [ 92.186068, 90.660452, 89.332095, 88.590589 ] }, { "date": "2026-01-09", "close": 93.778497, "volume": 534916, "typical_volume": 406901.55, "trend": 87.766945, "fair_value": 67.594979, "relative_strength": -0.42507, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.990499, "energy": 79.283911, "activity_lines": [ 92.868199, 91.433353, 89.814992, 89.00871 ] }, { "date": "2026-01-16", "close": 91.929175, "volume": 516697, "typical_volume": 416864.95, "trend": 88.14347, "fair_value": 67.845382, "relative_strength": -2.011374, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.75324, "energy": 65.342768, "activity_lines": [ 92.664927, 91.753579, 90.093166, 89.277241 ] }, { "date": "2026-01-23", "close": 89.224791, "volume": 414146, "typical_volume": 420480.1, "trend": 88.32272, "fair_value": 68.067612, "relative_strength": -4.47575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.732144, "energy": 36.314079, "activity_lines": [ 91.543403, 91.50884, 90.098368, 89.347004 ] }, { "date": "2026-01-30", "close": 89.761691, "volume": 891493, "typical_volume": 444878.1, "trend": 88.433175, "fair_value": 68.286823, "relative_strength": -4.163572, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.949009, "energy": 23.002336, "activity_lines": [ 90.759264, 91.321769, 90.144824, 89.439841 ] }, { "date": "2026-02-06", "close": 91.451931, "volume": 405309, "typical_volume": 453268.4, "trend": 88.640185, "fair_value": 68.521398, "relative_strength": -2.071766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.034653, "energy": 21.558702, "activity_lines": [ 90.774509, 91.366165, 90.346648, 89.634599 ] }, { "date": "2026-02-13", "close": 86.848512, "volume": 432278, "typical_volume": 455841.95, "trend": 88.668037, "fair_value": 68.727806, "relative_strength": -5.655385, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.770793, "energy": 16.314146, "activity_lines": [ 89.314274, 90.523956, 90.102154, 89.519007 ] }, { "date": "2026-02-20", "close": 87.981967, "volume": 447733, "typical_volume": 464293.4, "trend": 88.684887, "fair_value": 68.949572, "relative_strength": -5.37844, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.841002, "energy": 15.932172, "activity_lines": [ 88.693857, 89.940477, 89.97595, 89.474745 ] }, { "date": "2026-02-27", "close": 85.436665, "volume": 562343, "typical_volume": 477936.85, "trend": 88.721384, "fair_value": 69.151727, "relative_strength": -7.451992, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.920112, "energy": 35.42895, "activity_lines": [ 87.488152, 88.961403, 89.609165, 89.265182 ] }, { "date": "2026-03-06", "close": 83.786195, "volume": 616833, "typical_volume": 491988.05, "trend": 88.679133, "fair_value": 69.376686, "relative_strength": -7.271621, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.110545, "energy": 58.941985, "activity_lines": [ 85.984833, 87.794324, 89.085262, 88.946783 ] }, { "date": "2026-03-13", "close": 81.00227, "volume": 916321, "typical_volume": 525089.2, "trend": 88.512111, "fair_value": 69.59929, "relative_strength": -8.819366, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -85.269509, "energy": 85.612313, "activity_lines": [ 83.951905, 86.294077, 88.307219, 88.451501 ] }, { "date": "2026-03-20", "close": 81.553585, "volume": 576968, "typical_volume": 541418.6, "trend": 88.304792, "fair_value": 69.825077, "relative_strength": -6.349565, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.145956, "energy": 85.899086, "activity_lines": [ 82.799392, 85.100153, 87.614813, 88.002564 ] }, { "date": "2026-03-27", "close": 79.917725, "volume": 348940, "typical_volume": 545370.4, "trend": 88.012289, "fair_value": 70.02866, "relative_strength": -5.951838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.158354, "energy": 88.403102, "activity_lines": [ 81.454589, 83.831071, 86.794329, 87.461463 ] }, { "date": "2026-04-03", "close": 82.95005, "volume": 1699963, "typical_volume": 619621.1, "trend": 87.872286, "fair_value": 70.257049, "relative_strength": -5.484675, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.150337, "energy": 77.624223, "activity_lines": [ 81.658176, 83.33171, 86.300648, 87.134867 ] }, { "date": "2026-04-10", "close": 85.453713, "volume": 520355, "typical_volume": 627742.85, "trend": 87.767942, "fair_value": 70.489963, "relative_strength": -5.866438, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.143831, "energy": 48.396326, "activity_lines": [ 82.862092, 83.401647, 86.064829, 86.97883 ] }, { "date": "2026-04-17", "close": 88.156872, "volume": 369531, "typical_volume": 613643.4, "trend": 87.713383, "fair_value": 70.7372, "relative_strength": -6.879421, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.551487, "energy": 22.995032, "activity_lines": [ 84.855893, 84.041394, 86.087101, 87.003922 ] }, { "date": "2026-04-24", "close": 86.491088, "volume": 526270, "typical_volume": 572691.5, "trend": 87.629076, "fair_value": 70.976518, "relative_strength": -8.8891, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.146361, "energy": 25.599545, "activity_lines": [ 85.817459, 84.438182, 85.953423, 86.925065 ] }, { "date": "2026-05-01", "close": 87.428715, "volume": 398051, "typical_volume": 567637.0, "trend": 87.597835, "fair_value": 71.232973, "relative_strength": -8.512222, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.658622, "energy": 24.29434, "activity_lines": [ 86.762401, 85.011946, 85.924533, 86.912138 ] }, { "date": "2026-05-08", "close": 86.50605, "volume": 437375, "typical_volume": 561914.45, "trend": 87.632998, "fair_value": 71.487438, "relative_strength": -11.254704, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.483365, "energy": 22.858134, "activity_lines": [ 86.899055, 85.428012, 85.828002, 86.8417 ] }, { "date": "2026-05-15", "close": 85.99235, "volume": 373496, "typical_volume": 565668.05, "trend": 87.629557, "fair_value": 71.72993, "relative_strength": -11.663827, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.223178, "energy": 14.361982, "activity_lines": [ 86.62741, 85.731235, 85.706809, 86.735852 ] }, { "date": "2026-05-22", "close": 87.328967, "volume": 1194975, "typical_volume": 609199.65, "trend": 87.60854, "fair_value": 71.981838, "relative_strength": -10.784895, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.98097, "energy": 10.621584, "activity_lines": [ 86.765394, 86.237366, 85.747717, 86.716459 ] }, { "date": "2026-05-29", "close": 87.129472, "volume": 751112, "typical_volume": 620009.45, "trend": 87.600371, "fair_value": 72.224861, "relative_strength": -11.961008, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.999044, "energy": 9.554509, "activity_lines": [ 86.892073, 86.592196, 85.793472, 86.685552 ] }, { "date": "2026-06-05", "close": 88.017225, "volume": 435973, "typical_volume": 615973.25, "trend": 87.604279, "fair_value": 72.470169, "relative_strength": -8.529828, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.256067, "energy": 10.881816, "activity_lines": [ 87.272111, 87.007055, 85.955438, 86.712445 ] }, { "date": "2026-06-12", "close": 90.0421, "volume": 462395, "typical_volume": 618385.7, "trend": 87.704765, "fair_value": 72.724987, "relative_strength": -6.767938, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.852262, "energy": 42.038532, "activity_lines": [ 88.287873, 87.642809, 86.328877, 86.869724 ] }, { "date": "2026-06-19", "close": 90.66, "volume": 267615, "typical_volume": 587191.8, "trend": 87.873766, "fair_value": 72.992924, "relative_strength": -6.775872, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.894304, "energy": 51.336409, "activity_lines": [ 89.273866, 88.261963, 86.757271, 87.060384 ] }, { "date": "2026-06-26", "close": 90.26, "volume": 282538, "typical_volume": 581053.25, "trend": 87.925004, "fair_value": 73.247085, "relative_strength": -4.729665, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.7033, "energy": 53.449585, "activity_lines": [ 89.815348, 88.713729, 87.143293, 87.214335 ] }, { "date": "2026-07-03", "close": 93.37, "volume": 203929, "typical_volume": 569635.8, "trend": 88.045869, "fair_value": 73.522825, "relative_strength": -3.330402, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.229128, "energy": 70.857358, "activity_lines": [ 91.198095, 89.692712, 87.831181, 87.565625 ] }, { "date": "2026-07-10", "close": 93.62, "volume": 1313692, "typical_volume": 612933.75, "trend": 88.110625, "fair_value": 73.788894, "relative_strength": -4.17565, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.070044, "energy": 73.199745, "activity_lines": [ 92.24814, 90.592078, 88.511824, 87.925246 ] }, { "date": "2026-07-17", "close": 94.5, "volume": 391602, "typical_volume": 604396.7, "trend": 88.207256, "fair_value": 74.050131, "relative_strength": -1.590417, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.864395, "energy": 87.027918, "activity_lines": [ 93.218, 91.538875, 89.249428, 88.337464 ] }, { "date": "2026-07-24", "close": 94.465, "volume": 518147, "typical_volume": 599462.4, "trend": 88.246048, "fair_value": 74.311308, "relative_strength": -0.884403, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.699062, "energy": 88.559653, "activity_lines": [ 93.879, 92.333963, 89.940541, 88.74119 ] }, { "date": "2026-07-31", "close": 95.52, "volume": 313390, "typical_volume": 569315.85, "trend": 88.352154, "fair_value": 74.582184, "relative_strength": -0.726639, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.60154, "energy": 89.268242, "activity_lines": [ 94.638, 93.166822, 90.681278, 89.210477 ] }, { "date": "2026-08-07", "close": 96.84, "volume": 327508, "typical_volume": 556842.85, "trend": 88.454204, "fair_value": 74.864171, "relative_strength": -2.627421, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.486282, "energy": 89.487387, "activity_lines": [ 95.486333, 94.090753, 91.478597, 89.75808 ] } ], "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." } } }