{ "ticker": { "uuid": "49c073d4-dfdb-4dd1-a199-68454435a63a", "symbol": "XDEW", "name": "Xtrackers S&P 500 Equal Weight UCITS ETF 1C", "exchange": "MIL", "country": "IT", "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": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 81.485, "architecture_energy": 70.102, "architecture_maturity": 79.958, "architecture_confidence": 78.338, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 4.89, "rotation_up": 62.87, "upward_expansion": 87.67, "deceleration": 65.78, "rotation_down": 27.29, "downward_expansion": 12.0 }, "activity_lines": [ 104.777332, 104.271454, 101.945191, 99.976323 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 105.93, "trend_reference": 97.722, "distance_from_trend": 0.083993, "trend_direction": "Improving", "fair_value": 86.983808, "distance_from_fair_value": 0.217813, "fair_value_direction": "Improving", "relative_strength": -3.820422, "relative_strength_direction": "Improving", "price_momentum": 0.124761, "excess_performance": -0.046131, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.083993, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046674, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.217813, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.07949, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.038204, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.027197, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.124761, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.669048, "read": "Demand-led" } ], "volume": { "latest": 107450, "relative_activity": 1.084296, "balance": 1.669048, "dry_up": 1.221944, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.01705, "annualized_volatility": 0.081051, "from_high_reference": -0.007589, "from_low_reference": 0.228459 }, "levels": { "trend_reference": 97.722, "fair_value_reference": 86.983808, "structural_low": 90.599998, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 34, "median_return": 0.008983, "positive_rate": 0.588235, "directional_follow_through": 0.588235, "median_excess_return": -0.003927, "regime_survival": 0.705882, "best_return": 0.045889, "worst_return": -0.079506, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.008675, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.000913, "regime_survival": 0.416667, "best_return": 0.103952, "worst_return": -0.13855, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.045608, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.004356, "regime_survival": 0.714286, "best_return": 0.12144, "worst_return": -0.068757, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.044333, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.029892, "regime_survival": 0.333333, "best_return": 0.16026, "worst_return": 0.040879, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-29", "end": "2024-04-26", "tenure": "Established", "return": 0.070171, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": 0.023099, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-05-31", "tenure": "New", "return": -0.014291, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-07", "end": "2024-07-12", "tenure": "Developing", "return": 0.018453, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-12-27", "tenure": "Established", "return": 0.103679, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.018178, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.023161, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-04", "tenure": "Developing", "return": -0.089725, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-13", "tenure": "Developing", "return": 0.107311, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-08-15", "tenure": "Developing", "return": 0.035571, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": -0.011036, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2026-04-03", "tenure": "Extended", "return": 0.046265, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": 0.025517, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.10551, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 72.32, "volume": 3504, "typical_volume": 23019.7, "trend": 71.819, "fair_value": 70.147422, "relative_strength": -8.322144, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.129497, "energy": 40.104177, "activity_lines": [ 73.460667, 73.324, 72.396905, 71.896731 ] }, { "date": "2023-08-25", "close": 72.790001, "volume": 8791, "typical_volume": 22033.2, "trend": 71.798667, "fair_value": 70.244063, "relative_strength": -8.610403, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.583294, "energy": 25.095718, "activity_lines": [ 73.126001, 73.273455, 72.517143, 71.959377 ] }, { "date": "2023-09-01", "close": 74.480003, "volume": 9663, "typical_volume": 21879.7, "trend": 71.77, "fair_value": 70.356085, "relative_strength": -7.417679, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.542464, "energy": 31.72848, "activity_lines": [ 73.449335, 73.525092, 72.782572, 72.132366 ] }, { "date": "2023-09-08", "close": 73.730003, "volume": 24580, "typical_volume": 22600.55, "trend": 71.737667, "fair_value": 70.470033, "relative_strength": -6.458759, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.024002, "energy": 26.256028, "activity_lines": [ 73.548669, 73.580729, 72.955191, 72.258818 ] }, { "date": "2023-09-15", "close": 74.080002, "volume": 8007, "typical_volume": 22544.05, "trend": 71.721001, "fair_value": 70.583436, "relative_strength": -7.599084, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.427155, "energy": 37.399391, "activity_lines": [ 73.777336, 73.688547, 73.14362, 72.409936 ] }, { "date": "2023-09-22", "close": 72.230003, "volume": 73320, "typical_volume": 25207.95, "trend": 71.677334, "fair_value": 70.69484, "relative_strength": -8.373644, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.255164, "energy": 25.298826, "activity_lines": [ 73.360669, 73.434002, 73.135239, 72.442775 ] }, { "date": "2023-09-29", "close": 72.32, "volume": 35514, "typical_volume": 26481.1, "trend": 71.613334, "fair_value": 70.798356, "relative_strength": -6.64057, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.823573, "energy": 15.053271, "activity_lines": [ 72.980002, 73.196183, 73.119239, 72.484237 ] }, { "date": "2023-10-06", "close": 70.550003, "volume": 25634, "typical_volume": 26022.8, "trend": 71.593334, "fair_value": 70.87515, "relative_strength": -6.959743, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -11.129818, "energy": 20.088005, "activity_lines": [ 72.040669, 72.670911, 72.917858, 72.415635 ] }, { "date": "2023-10-13", "close": 71.669998, "volume": 17141, "typical_volume": 26382.75, "trend": 71.693001, "fair_value": 70.959928, "relative_strength": -6.367104, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.69078, "energy": 22.218484, "activity_lines": [ 71.736667, 72.427819, 72.821811, 72.420581 ] }, { "date": "2023-10-20", "close": 69.610001, "volume": 19067, "typical_volume": 27008.95, "trend": 71.750001, "fair_value": 71.029063, "relative_strength": -5.650139, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.780401, "energy": 57.49343, "activity_lines": [ 70.883334, 71.851092, 72.520763, 72.286194 ] }, { "date": "2023-10-27", "close": 68.269997, "volume": 15061, "typical_volume": 26390.85, "trend": 71.676001, "fair_value": 71.111454, "relative_strength": -6.716621, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.69333, "energy": 72.258545, "activity_lines": [ 69.881333, 71.104182, 72.099286, 72.061678 ] }, { "date": "2023-11-03", "close": 70.879997, "volume": 13193, "typical_volume": 23572.6, "trend": 71.722667, "fair_value": 71.189204, "relative_strength": -7.403694, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.219298, "energy": 59.400028, "activity_lines": [ 70.013332, 70.905454, 71.943048, 72.010323 ] }, { "date": "2023-11-10", "close": 70.110001, "volume": 20986, "typical_volume": 23758.2, "trend": 71.726667, "fair_value": 71.241937, "relative_strength": -7.476212, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.750005, "energy": 55.252637, "activity_lines": [ 69.984666, 70.601454, 71.721239, 71.90628 ] }, { "date": "2023-11-17", "close": 71.489998, "volume": 47167, "typical_volume": 24383.2, "trend": 71.774667, "fair_value": 71.301419, "relative_strength": -8.465247, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.209204, "energy": 30.050295, "activity_lines": [ 70.445332, 70.627817, 71.636048, 71.891011 ] }, { "date": "2023-11-24", "close": 71.980003, "volume": 18527, "typical_volume": 24725.0, "trend": 71.849, "fair_value": 71.352434, "relative_strength": -7.23852, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.532174, "energy": 9.462436, "activity_lines": [ 71.081333, 70.784, 71.605191, 71.904258 ] }, { "date": "2023-12-01", "close": 73.860001, "volume": 47649, "typical_volume": 25293.4, "trend": 72.016667, "fair_value": 71.40602, "relative_strength": -6.006901, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.966111, "energy": 22.569469, "activity_lines": [ 72.186001, 71.320182, 71.756572, 72.034 ] }, { "date": "2023-12-08", "close": 74.809998, "volume": 32803, "typical_volume": 24164.25, "trend": 72.217334, "fair_value": 71.470142, "relative_strength": -5.92041, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.309725, "energy": 36.911994, "activity_lines": [ 73.234667, 71.999454, 71.990762, 72.214215 ] }, { "date": "2023-12-15", "close": 76.980003, "volume": 37229, "typical_volume": 24594.1, "trend": 72.441, "fair_value": 71.544378, "relative_strength": -2.788198, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 58.120911, "energy": 67.240258, "activity_lines": [ 74.744668, 73.028, 72.428762, 72.521484 ] }, { "date": "2023-12-22", "close": 76.879997, "volume": 31455, "typical_volume": 24875.5, "trend": 72.676334, "fair_value": 71.620267, "relative_strength": -2.556827, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.716673, "energy": 86.026099, "activity_lines": [ 75.763333, 73.921454, 72.847191, 72.807871 ] }, { "date": "2023-12-29", "close": 76.669998, "volume": 3087, "typical_volume": 24618.9, "trend": 72.861334, "fair_value": 71.692074, "relative_strength": -2.517537, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.775351, "energy": 85.314261, "activity_lines": [ 76.352666, 74.681999, 73.231524, 73.065527 ] }, { "date": "2024-01-05", "close": 76.5, "volume": 20175, "typical_volume": 25452.45, "trend": 73.019, "fair_value": 71.747435, "relative_strength": -2.763246, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.146594, "energy": 83.243258, "activity_lines": [ 76.572666, 75.283272, 73.585286, 73.30028 ] }, { "date": "2024-01-12", "close": 76.550003, "volume": 20471, "typical_volume": 26036.45, "trend": 73.153667, "fair_value": 71.803525, "relative_strength": -2.574001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.131365, "energy": 78.490092, "activity_lines": [ 76.633334, 75.744, 73.923905, 73.528086 ] }, { "date": "2024-01-19", "close": 76.440002, "volume": 14256, "typical_volume": 26266.1, "trend": 73.328334, "fair_value": 71.858244, "relative_strength": -1.930291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.818007, "energy": 64.073855, "activity_lines": [ 76.541334, 76.081637, 74.234143, 73.740108 ] }, { "date": "2024-01-26", "close": 78.07, "volume": 182273, "typical_volume": 34150.75, "trend": 73.494001, "fair_value": 71.939582, "relative_strength": 0.002124, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.272955, "energy": 64.261088, "activity_lines": [ 77.028668, 76.600546, 74.690286, 74.046022 ] }, { "date": "2024-02-02", "close": 78.610001, "volume": 29937, "typical_volume": 35247.25, "trend": 73.692667, "fair_value": 72.004644, "relative_strength": -0.240969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.970808, "energy": 81.551756, "activity_lines": [ 77.616668, 77.098001, 75.177191, 74.376086 ] }, { "date": "2024-02-09", "close": 78.93, "volume": 23673, "typical_volume": 32764.9, "trend": 73.915334, "fair_value": 72.062665, "relative_strength": -1.090213, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.246063, "energy": 84.994882, "activity_lines": [ 78.182001, 77.533091, 75.673, 74.713979 ] }, { "date": "2024-02-16", "close": 80.25, "volume": 61312, "typical_volume": 34054.8, "trend": 74.116667, "fair_value": 72.128032, "relative_strength": -1.143889, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.758831, "energy": 92.491117, "activity_lines": [ 79.025334, 78.116, 76.262619, 75.122667 ] }, { "date": "2024-02-23", "close": 80.5, "volume": 102772, "typical_volume": 37911.7, "trend": 74.304334, "fair_value": 72.199697, "relative_strength": -3.583448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.63344, "energy": 91.408662, "activity_lines": [ 79.705333, 78.645455, 76.838286, 75.534495 ] }, { "date": "2024-03-01", "close": 81.150002, "volume": 43292, "typical_volume": 39219.25, "trend": 74.545334, "fair_value": 72.266163, "relative_strength": -3.343981, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.245576, "energy": 92.642146, "activity_lines": [ 80.331334, 79.229092, 77.428477, 75.976151 ] }, { "date": "2024-03-08", "close": 81.559998, "volume": 77336, "typical_volume": 42132.7, "trend": 74.809, "fair_value": 72.320393, "relative_strength": -4.10216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.454191, "energy": 92.256235, "activity_lines": [ 80.888667, 79.809637, 78.012572, 76.42871 ] }, { "date": "2024-03-15", "close": 81.120003, "volume": 31524, "typical_volume": 42955.85, "trend": 75.102334, "fair_value": 72.374976, "relative_strength": -5.909932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.958926, "energy": 87.642785, "activity_lines": [ 81.102668, 80.221273, 78.497858, 76.835871 ] }, { "date": "2024-03-22", "close": 83.279999, "volume": 41962, "typical_volume": 44394.3, "trend": 75.452, "fair_value": 72.43615, "relative_strength": -4.397883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.384148, "energy": 91.876006, "activity_lines": [ 81.890667, 80.941637, 79.127667, 77.363463 ] }, { "date": "2024-03-29", "close": 84.639999, "volume": 41854, "typical_volume": 45437.7, "trend": 75.790667, "fair_value": 72.503046, "relative_strength": -3.85225, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.355369, "energy": 88.27672, "activity_lines": [ 82.93, 81.786909, 79.827953, 77.956237 ] }, { "date": "2024-04-05", "close": 82.800003, "volume": 102153, "typical_volume": 48187.0, "trend": 76.093, "fair_value": 72.55119, "relative_strength": -3.812112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.004336, "energy": 67.586823, "activity_lines": [ 83.080001, 82.148546, 80.28381, 78.408452 ] }, { "date": "2024-04-12", "close": 82.68, "volume": 58660, "typical_volume": 50193.65, "trend": 76.379667, "fair_value": 72.591947, "relative_strength": -3.203013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.458136, "energy": 66.730717, "activity_lines": [ 83.080001, 82.402364, 80.674381, 78.83342 ] }, { "date": "2024-04-19", "close": 80.980003, "volume": 77771, "typical_volume": 51699.75, "trend": 76.671334, "fair_value": 72.619171, "relative_strength": -5.536158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.665221, "energy": 59.539798, "activity_lines": [ 82.438668, 82.273092, 80.852096, 79.130216 ] }, { "date": "2024-04-26", "close": 82.050003, "volume": 42409, "typical_volume": 52180.05, "trend": 76.995667, "fair_value": 72.652385, "relative_strength": -5.074305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.152628, "energy": 44.480033, "activity_lines": [ 82.163335, 82.301092, 81.09781, 79.477227 ] }, { "date": "2024-05-03", "close": 81.389999, "volume": 16434, "typical_volume": 51140.3, "trend": 77.357, "fair_value": 72.670069, "relative_strength": -4.028495, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.508302, "energy": 33.717308, "activity_lines": [ 81.750001, 82.176365, 81.246191, 79.760732 ] }, { "date": "2024-05-10", "close": 83.199997, "volume": 26128, "typical_volume": 50873.95, "trend": 77.741334, "fair_value": 72.703846, "relative_strength": -4.720853, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.392261, "energy": 36.917254, "activity_lines": [ 82.156666, 82.364546, 81.545953, 80.137699 ] }, { "date": "2024-05-17", "close": 83.269997, "volume": 53221, "typical_volume": 53380.65, "trend": 78.196667, "fair_value": 72.828654, "relative_strength": -6.496011, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.899429, "energy": 47.63779, "activity_lines": [ 82.559999, 82.528182, 81.822286, 80.494387 ] }, { "date": "2024-05-24", "close": 82.57, "volume": 35734, "typical_volume": 54158.6, "trend": 78.673333, "fair_value": 72.945769, "relative_strength": -4.681055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.890694, "energy": 43.8521, "activity_lines": [ 82.690665, 82.533454, 82.000524, 80.776538 ] }, { "date": "2024-05-31", "close": 81.389999, "volume": 58594, "typical_volume": 56064.75, "trend": 79.023667, "fair_value": 73.052885, "relative_strength": -5.852936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.714916, "energy": 38.25416, "activity_lines": [ 82.321999, 82.297818, 82.037476, 80.951807 ] }, { "date": "2024-06-07", "close": 82.370003, "volume": 65857, "typical_volume": 58644.8, "trend": 79.432334, "fair_value": 73.164103, "relative_strength": -4.987405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.134595, "energy": 32.083293, "activity_lines": [ 82.324, 82.274727, 82.144715, 81.167699 ] }, { "date": "2024-06-14", "close": 82.360001, "volume": 94477, "typical_volume": 54255.0, "trend": 79.794667, "fair_value": 73.279167, "relative_strength": 0.86611, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.28989, "energy": 22.723944, "activity_lines": [ 82.257334, 82.291091, 82.222762, 81.356581 ] }, { "date": "2024-06-21", "close": 83.410004, "volume": 80806, "typical_volume": 56798.45, "trend": 80.175667, "fair_value": 73.392821, "relative_strength": 0.263848, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.850195, "energy": 33.396549, "activity_lines": [ 82.596669, 82.506364, 82.380382, 81.589829 ] }, { "date": "2024-06-28", "close": 83.220001, "volume": 66145, "typical_volume": 58922.05, "trend": 80.487667, "fair_value": 73.499038, "relative_strength": 0.564498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.744295, "energy": 38.494812, "activity_lines": [ 82.863335, 82.673819, 82.497048, 81.786237 ] }, { "date": "2024-07-05", "close": 81.580002, "volume": 155910, "typical_volume": 63651.95, "trend": 80.713334, "fair_value": 73.596346, "relative_strength": -3.676687, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.506638, "energy": 27.059247, "activity_lines": [ 82.540002, 82.502365, 82.437096, 81.85671 ] }, { "date": "2024-07-12", "close": 83.889999, "volume": 55046, "typical_volume": 61265.65, "trend": 80.943667, "fair_value": 73.710385, "relative_strength": -2.576504, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.501289, "energy": 40.610394, "activity_lines": [ 82.974001, 82.759455, 82.59081, 82.061657 ] }, { "date": "2024-07-19", "close": 83.720001, "volume": 222685, "typical_volume": 70235.3, "trend": 81.171667, "fair_value": 73.817821, "relative_strength": -1.641801, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.220499, "energy": 39.177143, "activity_lines": [ 83.250001, 82.940183, 82.712191, 82.240775 ] }, { "date": "2024-07-26", "close": 84.459999, "volume": 96259, "typical_volume": 71181.45, "trend": 81.431334, "fair_value": 73.92968, "relative_strength": 0.444284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.813636, "energy": 47.117119, "activity_lines": [ 83.682, 83.246001, 82.89181, 82.452925 ] }, { "date": "2024-08-02", "close": 82.040001, "volume": 99670, "typical_volume": 74588.75, "trend": 81.616001, "fair_value": 74.01891, "relative_strength": 3.048661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.139382, "energy": 28.476309, "activity_lines": [ 83.237334, 83.090183, 82.827143, 82.492194 ] }, { "date": "2024-08-09", "close": 82.419998, "volume": 189331, "typical_volume": 81957.2, "trend": 81.811667, "fair_value": 74.108333, "relative_strength": 4.307229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 30.652638, "energy": 17.180655, "activity_lines": [ 82.997999, 83.013091, 82.794286, 82.544065 ] }, { "date": "2024-08-16", "close": 83.910004, "volume": 55010, "typical_volume": 82615.0, "trend": 82.060667, "fair_value": 74.210064, "relative_strength": 2.198244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.01324, "energy": 24.364212, "activity_lines": [ 83.199334, 83.188183, 82.907429, 82.679441 ] }, { "date": "2024-08-23", "close": 84.43, "volume": 50921, "typical_volume": 80053.4, "trend": 82.272667, "fair_value": 74.309359, "relative_strength": 1.026351, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.003563, "energy": 25.815495, "activity_lines": [ 83.572667, 83.429819, 83.073572, 82.832302 ] }, { "date": "2024-08-30", "close": 85.410004, "volume": 53576, "typical_volume": 79799.2, "trend": 82.499334, "fair_value": 74.41718, "relative_strength": 0.1384, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.679366, "energy": 47.888613, "activity_lines": [ 84.225335, 83.812001, 83.325287, 83.03471 ] }, { "date": "2024-09-06", "close": 83.459999, "volume": 108635, "typical_volume": 81342.4, "trend": 82.650334, "fair_value": 74.516923, "relative_strength": 1.114339, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.191569, "energy": 44.303289, "activity_lines": [ 84.164668, 83.803274, 83.378287, 83.096689 ] }, { "date": "2024-09-13", "close": 85.480003, "volume": 167007, "typical_volume": 87572.3, "trend": 82.824667, "fair_value": 74.629551, "relative_strength": 2.720832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.799861, "energy": 54.628774, "activity_lines": [ 84.682668, 84.157456, 83.611858, 83.279248 ] }, { "date": "2024-09-20", "close": 85.949997, "volume": 85727, "typical_volume": 91036.95, "trend": 83.006334, "fair_value": 74.741859, "relative_strength": 2.677702, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.82518, "energy": 57.901784, "activity_lines": [ 85.153333, 84.526182, 83.873858, 83.480882 ] }, { "date": "2024-09-27", "close": 87.519997, "volume": 46708, "typical_volume": 92065.95, "trend": 83.218667, "fair_value": 74.868846, "relative_strength": 1.679779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.93474, "energy": 65.15018, "activity_lines": [ 86.011332, 85.142909, 84.263667, 83.772086 ] }, { "date": "2024-10-04", "close": 88.010002, "volume": 149714, "typical_volume": 96890.6, "trend": 83.433667, "fair_value": 74.988974, "relative_strength": 5.629479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.959005, "energy": 75.327439, "activity_lines": [ 86.826666, 85.779637, 84.679572, 84.081205 ] }, { "date": "2024-10-11", "close": 89.269997, "volume": 74895, "typical_volume": 98848.65, "trend": 83.705334, "fair_value": 75.111731, "relative_strength": 4.860026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.075236, "energy": 82.888521, "activity_lines": [ 87.888665, 86.580909, 85.192905, 84.457742 ] }, { "date": "2024-10-18", "close": 90.82, "volume": 83250, "typical_volume": 100081.45, "trend": 83.956667, "fair_value": 75.2425, "relative_strength": 3.937072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.565596, "energy": 89.6426, "activity_lines": [ 89.079999, 87.532545, 85.821952, 84.916753 ] }, { "date": "2024-10-25", "close": 90.0, "volume": 73333, "typical_volume": 100455.25, "trend": 84.135334, "fair_value": 75.362628, "relative_strength": 4.196797, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.357645, "energy": 85.647156, "activity_lines": [ 89.641999, 88.182363, 86.328, 85.306645 ] }, { "date": "2024-11-01", "close": 88.82, "volume": 91363, "typical_volume": 100299.55, "trend": 84.336, "fair_value": 75.465256, "relative_strength": 3.055725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.840685, "energy": 82.692248, "activity_lines": [ 89.540666, 88.506909, 86.685333, 85.608882 ] }, { "date": "2024-11-08", "close": 93.230003, "volume": 263518, "typical_volume": 109435.15, "trend": 84.687667, "fair_value": 75.591987, "relative_strength": 10.665769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.727071, "energy": 89.375638, "activity_lines": [ 90.822667, 89.553455, 87.431905, 86.182689 ] }, { "date": "2024-11-15", "close": 93.300003, "volume": 464913, "typical_volume": 129373.55, "trend": 85.098334, "fair_value": 75.7175, "relative_strength": 9.276808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.736093, "energy": 85.42068, "activity_lines": [ 91.780002, 90.470546, 88.138381, 86.738323 ] }, { "date": "2024-11-22", "close": 96.849998, "volume": 320813, "typical_volume": 137618.7, "trend": 85.591667, "fair_value": 75.877308, "relative_strength": 15.39895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.382202, "energy": 91.12879, "activity_lines": [ 93.652001, 91.854182, 89.134953, 87.496495 ] }, { "date": "2024-11-29", "close": 96.739998, "volume": 256015, "typical_volume": 147667.15, "trend": 86.103334, "fair_value": 76.040449, "relative_strength": 15.166261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.659358, "energy": 92.539084, "activity_lines": [ 95.085333, 93.011091, 90.048333, 88.215742 ] }, { "date": "2024-12-06", "close": 95.32, "volume": 389585, "typical_volume": 156012.15, "trend": 86.507334, "fair_value": 76.18218, "relative_strength": 8.881068, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.743847, "energy": 85.792499, "activity_lines": [ 95.596, 93.713636, 90.765286, 88.810366 ] }, { "date": "2024-12-13", "close": 94.5, "volume": 155082, "typical_volume": 158953.3, "trend": 86.881667, "fair_value": 76.316538, "relative_strength": 7.371585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.504395, "energy": 79.282521, "activity_lines": [ 95.4, 94.125273, 91.348905, 89.326022 ] }, { "date": "2024-12-20", "close": 92.220001, "volume": 264907, "typical_volume": 167215.15, "trend": 87.203334, "fair_value": 76.432949, "relative_strength": 8.102466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.23086, "energy": 57.360736, "activity_lines": [ 94.359333, 94.004364, 91.667572, 89.67043 ] }, { "date": "2024-12-27", "close": 92.400002, "volume": 81530, "typical_volume": 161825.1, "trend": 87.570334, "fair_value": 76.544744, "relative_strength": 6.915531, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.414843, "energy": 39.231634, "activity_lines": [ 93.450667, 93.862546, 91.954905, 90.005699 ] }, { "date": "2025-01-03", "close": 92.970001, "volume": 69941, "typical_volume": 162571.65, "trend": 87.923667, "fair_value": 76.662244, "relative_strength": 7.506583, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.480557, "energy": 28.378796, "activity_lines": [ 93.028668, 93.795637, 92.249, 90.354065 ] }, { "date": "2025-01-10", "close": 92.349998, "volume": 122427, "typical_volume": 166146.95, "trend": 88.256667, "fair_value": 76.784167, "relative_strength": 3.767805, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.302733, "energy": 26.051126, "activity_lines": [ 92.651333, 93.562, 92.440905, 90.639635 ] }, { "date": "2025-01-17", "close": 95.480003, "volume": 276656, "typical_volume": 177300.95, "trend": 88.659, "fair_value": 76.93609, "relative_strength": 3.714797, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.123612, "energy": 33.848665, "activity_lines": [ 93.515334, 93.833273, 92.893191, 91.105656 ] }, { "date": "2025-01-24", "close": 94.660004, "volume": 189389, "typical_volume": 181338.65, "trend": 89.040334, "fair_value": 77.090962, "relative_strength": 2.97929, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.978913, "energy": 39.497905, "activity_lines": [ 94.040669, 93.914547, 93.219429, 91.492818 ] }, { "date": "2025-01-31", "close": 95.849998, "volume": 258427, "typical_volume": 185909.65, "trend": 89.516, "fair_value": 77.252821, "relative_strength": 3.445051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.296132, "energy": 46.974772, "activity_lines": [ 94.800001, 94.187455, 93.605667, 91.932151 ] }, { "date": "2025-02-07", "close": 95.190002, "volume": 242295, "typical_volume": 193738.05, "trend": 89.892667, "fair_value": 77.4, "relative_strength": 1.086582, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.07, "energy": 52.003397, "activity_lines": [ 95.109335, 94.358547, 93.879667, 92.298216 ] }, { "date": "2025-02-14", "close": 94.099998, "volume": 319361, "typical_volume": 207370.7, "trend": 90.238667, "fair_value": 77.549039, "relative_strength": -2.459117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.204783, "energy": 43.223276, "activity_lines": [ 94.907334, 94.359637, 94.005858, 92.569656 ] }, { "date": "2025-02-21", "close": 94.5, "volume": 200221, "typical_volume": 209896.05, "trend": 90.573334, "fair_value": 77.697436, "relative_strength": -3.172386, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.956023, "energy": 40.417218, "activity_lines": [ 94.722, 94.455637, 94.13881, 92.844581 ] }, { "date": "2025-02-28", "close": 93.629997, "volume": 402724, "typical_volume": 226287.5, "trend": 90.959667, "fair_value": 77.831154, "relative_strength": -4.614371, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.795909, "energy": 25.039632, "activity_lines": [ 94.311999, 94.393454, 94.158, 93.041785 ] }, { "date": "2025-03-07", "close": 87.489998, "volume": 686035, "typical_volume": 256426.75, "trend": 91.128667, "fair_value": 77.928398, "relative_strength": -10.60809, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -18.524487, "energy": 24.866293, "activity_lines": [ 91.923998, 93.189272, 93.571667, 92.817935 ] }, { "date": "2025-03-14", "close": 86.080002, "volume": 303545, "typical_volume": 267937.35, "trend": 91.201, "fair_value": 78.008462, "relative_strength": -12.080987, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.788815, "energy": 55.588774, "activity_lines": [ 89.623333, 91.818, 92.866905, 92.492215 ] }, { "date": "2025-03-21", "close": 87.32, "volume": 143924, "typical_volume": 270565.4, "trend": 91.297333, "fair_value": 78.087244, "relative_strength": -11.558749, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.350713, "energy": 68.236592, "activity_lines": [ 88.343333, 90.797454, 92.298905, 92.241828 ] }, { "date": "2025-03-28", "close": 86.949997, "volume": 75422, "typical_volume": 261160.6, "trend": 91.348667, "fair_value": 78.16391, "relative_strength": -11.129145, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.982878, "energy": 74.498166, "activity_lines": [ 87.391999, 89.80109, 91.702809, 91.961355 ] }, { "date": "2025-04-04", "close": 79.639999, "volume": 215711, "typical_volume": 248700.5, "trend": 91.221333, "fair_value": 78.187564, "relative_strength": -8.897815, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -93.444989, "energy": 95.891302, "activity_lines": [ 84.507332, 87.630726, 90.440428, 91.205957 ] }, { "date": "2025-04-11", "close": 76.32, "volume": 257450, "typical_volume": 245532.35, "trend": 90.916, "fair_value": 78.189167, "relative_strength": -10.962628, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -93.729643, "energy": 96.219133, "activity_lines": [ 81.448666, 85.129817, 88.926904, 90.24458 ] }, { "date": "2025-04-18", "close": 78.239998, "volume": 114287, "typical_volume": 238445.95, "trend": 90.659, "fair_value": 78.209487, "relative_strength": -13.534302, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.457592, "energy": 91.537513, "activity_lines": [ 79.774665, 83.33309, 87.693999, 89.426774 ] }, { "date": "2025-04-25", "close": 80.199997, "volume": 147107, "typical_volume": 226322.05, "trend": 90.415, "fair_value": 78.243205, "relative_strength": -14.452292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.886765, "energy": 85.405933, "activity_lines": [ 79.276665, 82.200908, 86.735856, 88.752 ] }, { "date": "2025-05-02", "close": 82.57, "volume": 78802, "typical_volume": 222508.05, "trend": 90.233666, "fair_value": 78.303654, "relative_strength": -14.001035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.479472, "energy": 63.57509, "activity_lines": [ 80.043332, 81.752362, 86.075428, 88.245871 ] }, { "date": "2025-05-09", "close": 83.800003, "volume": 148794, "typical_volume": 216702.4, "trend": 90.051333, "fair_value": 78.37468, "relative_strength": -14.852088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.283166, "energy": 50.341416, "activity_lines": [ 81.512, 81.744363, 85.588952, 87.830795 ] }, { "date": "2025-05-16", "close": 87.75, "volume": 148273, "typical_volume": 220039.55, "trend": 89.949, "fair_value": 78.491731, "relative_strength": -13.529811, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.119031, "energy": 25.250534, "activity_lines": [ 84.02, 82.633272, 85.518761, 87.682322 ] }, { "date": "2025-05-23", "close": 83.93, "volume": 241386, "typical_volume": 228611.8, "trend": 89.746667, "fair_value": 78.562051, "relative_strength": -14.643617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.693435, "energy": 25.673492, "activity_lines": [ 84.492667, 82.822909, 85.106904, 87.294 ] }, { "date": "2025-05-30", "close": 84.82, "volume": 64358, "typical_volume": 225708.35, "trend": 89.613333, "fair_value": 78.641859, "relative_strength": -14.895255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.5621, "energy": 24.269982, "activity_lines": [ 84.882667, 83.213454, 84.822857, 86.97615 ] }, { "date": "2025-06-06", "close": 85.629997, "volume": 76163, "typical_volume": 215683.7, "trend": 89.36, "fair_value": 78.740705, "relative_strength": -14.996441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.40323, "energy": 22.7485, "activity_lines": [ 85.234666, 83.796727, 84.651809, 86.719161 ] }, { "date": "2025-06-13", "close": 84.510002, "volume": 96041, "typical_volume": 211016.3, "trend": 89.067, "fair_value": 78.861667, "relative_strength": -13.380241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.119668, "energy": 15.463554, "activity_lines": [ 85.009333, 84.200364, 84.421, 86.406258 ] }, { "date": "2025-06-20", "close": 84.620003, "volume": 54108, "typical_volume": 200800.35, "trend": 88.659333, "fair_value": 78.965385, "relative_strength": -12.571698, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.185116, "energy": 11.104043, "activity_lines": [ 84.773334, 84.535455, 84.249, 86.119355 ] }, { "date": "2025-06-27", "close": 84.959999, "volume": 69824, "typical_volume": 192176.8, "trend": 88.266667, "fair_value": 79.074808, "relative_strength": -13.096878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.176115, "energy": 11.180441, "activity_lines": [ 84.859334, 84.781455, 84.162857, 85.880688 ] }, { "date": "2025-07-04", "close": 85.75, "volume": 133039, "typical_volume": 182860.7, "trend": 87.947667, "fair_value": 79.167885, "relative_strength": -11.860515, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.008366, "energy": 10.409044, "activity_lines": [ 85.14, 85.048909, 84.200667, 85.718322 ] }, { "date": "2025-07-11", "close": 86.5, "volume": 112431, "typical_volume": 178471.2, "trend": 87.681, "fair_value": 79.269231, "relative_strength": -11.916609, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.367276, "energy": 7.758854, "activity_lines": [ 85.608667, 85.351818, 84.349667, 85.624925 ] }, { "date": "2025-07-18", "close": 86.790001, "volume": 55370, "typical_volume": 161103.5, "trend": 87.5, "fair_value": 79.360192, "relative_strength": -11.931203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.3486, "energy": 15.665383, "activity_lines": [ 86.116, 85.636, 84.564381, 85.567441 ] }, { "date": "2025-07-25", "close": 87.410004, "volume": 73765, "typical_volume": 130490.0, "trend": 87.333667, "fair_value": 79.441859, "relative_strength": -11.960192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.876068, "energy": 30.228236, "activity_lines": [ 86.678002, 85.978546, 84.870715, 85.561635 ] }, { "date": "2025-08-01", "close": 85.980003, "volume": 166533, "typical_volume": 123639.4, "trend": 87.100667, "fair_value": 79.512244, "relative_strength": -11.416631, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.331959, "energy": 21.156589, "activity_lines": [ 86.577336, 86.067274, 85.041239, 85.474301 ] }, { "date": "2025-08-08", "close": 86.120003, "volume": 142325, "typical_volume": 123559.45, "trend": 86.893, "fair_value": 79.569167, "relative_strength": -14.500933, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.527736, "energy": 14.350182, "activity_lines": [ 86.455336, 86.144184, 85.225572, 85.411033 ] }, { "date": "2025-08-15", "close": 87.629997, "volume": 111444, "typical_volume": 125360.55, "trend": 86.631333, "fair_value": 79.629487, "relative_strength": -14.774068, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.576004, "energy": 25.634979, "activity_lines": [ 86.812001, 86.472001, 85.559429, 85.458581 ] }, { "date": "2025-08-22", "close": 88.800003, "volume": 98895, "typical_volume": 119519.75, "trend": 86.436, "fair_value": 79.70609, "relative_strength": -14.631868, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.338058, "energy": 39.913695, "activity_lines": [ 87.483335, 86.976183, 86.001477, 85.598495 ] }, { "date": "2025-08-29", "close": 88.32, "volume": 94237, "typical_volume": 111359.1, "trend": 86.185, "fair_value": 79.7925, "relative_strength": -12.577541, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.399751, "energy": 51.958577, "activity_lines": [ 87.860667, 87.315092, 86.354191, 85.720044 ] }, { "date": "2025-09-05", "close": 87.82, "volume": 105691, "typical_volume": 110929.3, "trend": 85.939333, "fair_value": 79.866731, "relative_strength": -11.562476, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.808437, "energy": 55.506937, "activity_lines": [ 88.010667, 87.495819, 86.602144, 85.825527 ] }, { "date": "2025-09-12", "close": 88.620003, "volume": 232282, "typical_volume": 115188.05, "trend": 85.756667, "fair_value": 79.944744, "relative_strength": -12.437621, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.918779, "energy": 68.547349, "activity_lines": [ 88.304668, 87.770001, 86.880668, 85.998474 ] }, { "date": "2025-09-19", "close": 88.18, "volume": 166469, "typical_volume": 119571.4, "trend": 85.546, "fair_value": 80.056539, "relative_strength": -12.020792, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.18002, "energy": 52.463191, "activity_lines": [ 88.285334, 87.912001, 87.077191, 86.154818 ] }, { "date": "2025-09-26", "close": 88.629997, "volume": 75054, "typical_volume": 115884.4, "trend": 85.379334, "fair_value": 80.176475, "relative_strength": -11.948455, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.676136, "energy": 43.028831, "activity_lines": [ 88.379333, 88.105273, 87.289858, 86.353785 ] }, { "date": "2025-10-03", "close": 89.959999, "volume": 80928, "typical_volume": 112517.15, "trend": 85.461667, "fair_value": 80.300064, "relative_strength": -11.502042, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.380979, "energy": 54.041537, "activity_lines": [ 88.927999, 88.506909, 87.606191, 86.649312 ] }, { "date": "2025-10-10", "close": 88.650002, "volume": 88509, "typical_volume": 104873.3, "trend": 85.547334, "fair_value": 80.417757, "relative_strength": -9.917193, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.688065, "energy": 42.053326, "activity_lines": [ 88.930667, 88.624, 87.787239, 86.855011 ] }, { "date": "2025-10-17", "close": 88.459999, "volume": 161931, "typical_volume": 109751.95, "trend": 85.585334, "fair_value": 80.53327, "relative_strength": -9.141517, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.072439, "energy": 38.709147, "activity_lines": [ 88.814666, 88.658, 87.927715, 87.042925 ] }, { "date": "2025-10-24", "close": 105.363998, "volume": 71466, "typical_volume": 109517.1, "trend": 86.199134, "fair_value": 80.736116, "relative_strength": 6.458843, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.555783, "energy": 91.396449, "activity_lines": [ 94.343999, 91.722909, 89.660762, 88.318968 ] }, { "date": "2025-10-31", "close": 89.639999, "volume": 134278, "typical_volume": 111428.95, "trend": 86.532467, "fair_value": 80.844128, "relative_strength": -10.513352, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.801084, "energy": 49.824579, "activity_lines": [ 93.486399, 91.606472, 89.802314, 88.540959 ] }, { "date": "2025-11-07", "close": 88.389999, "volume": 242856, "typical_volume": 120866.35, "trend": 86.9348, "fair_value": 80.934834, "relative_strength": -10.71673, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.521191, "energy": 41.787162, "activity_lines": [ 92.144799, 91.24749, 89.80039, 88.6608 ] }, { "date": "2025-11-14", "close": 89.150002, "volume": 140054, "typical_volume": 124377.85, "trend": 87.298467, "fair_value": 81.034834, "relative_strength": -11.636098, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.952067, "energy": 36.714294, "activity_lines": [ 91.1612, 91.025418, 89.852895, 88.803716 ] }, { "date": "2025-11-21", "close": 88.559998, "volume": 240212, "typical_volume": 129736.5, "trend": 87.577134, "fair_value": 81.122654, "relative_strength": -8.854773, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.774549, "energy": 20.777012, "activity_lines": [ 89.947599, 90.67189, 89.829257, 88.885105 ] }, { "date": "2025-11-28", "close": 91.050003, "volume": 275345, "typical_volume": 137882.2, "trend": 87.8598, "fair_value": 81.227846, "relative_strength": -7.170973, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 27.813972, "energy": 20.397783, "activity_lines": [ 89.557334, 90.772182, 90.029381, 89.109162 ] }, { "date": "2025-12-05", "close": 91.110001, "volume": 129571, "typical_volume": 141592.25, "trend": 88.103467, "fair_value": 81.345859, "relative_strength": -6.760869, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.549292, "energy": 16.376724, "activity_lines": [ 90.141334, 90.8312, 90.213553, 89.318852 ] }, { "date": "2025-12-12", "close": 90.860001, "volume": 122606, "typical_volume": 144034.3, "trend": 88.207134, "fair_value": 81.478103, "relative_strength": -6.6949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.200576, "energy": 14.684886, "activity_lines": [ 90.544001, 90.799673, 90.353343, 89.496693 ] }, { "date": "2025-12-19", "close": 90.790001, "volume": 84515, "typical_volume": 139933.4, "trend": 88.4358, "fair_value": 81.610539, "relative_strength": -8.807446, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.16927, "energy": 22.368444, "activity_lines": [ 90.758668, 90.739055, 90.470038, 89.663329 ] }, { "date": "2025-12-26", "close": 90.559998, "volume": 25087, "typical_volume": 134071.5, "trend": 88.627134, "fair_value": 81.743487, "relative_strength": -8.195074, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.311139, "energy": 21.832817, "activity_lines": [ 90.787333, 90.597709, 90.541924, 89.800374 ] }, { "date": "2026-01-02", "close": 90.620003, "volume": 28158, "typical_volume": 129907.2, "trend": 88.793467, "fair_value": 81.861757, "relative_strength": -9.112554, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.751096, "energy": 16.061217, "activity_lines": [ 90.702668, 90.429092, 90.598381, 89.928947 ] }, { "date": "2026-01-09", "close": 93.790001, "volume": 81401, "typical_volume": 129032.5, "trend": 89.102801, "fair_value": 81.99727, "relative_strength": -6.166455, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.090975, "energy": 30.800832, "activity_lines": [ 91.703334, 91.10491, 90.942505, 90.251304 ] }, { "date": "2026-01-16", "close": 95.010002, "volume": 126212, "typical_volume": 130631.25, "trend": 89.449134, "fair_value": 82.147911, "relative_strength": -4.645829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.846218, "energy": 48.544503, "activity_lines": [ 92.932001, 91.927092, 91.379058, 90.632413 ] }, { "date": "2026-01-23", "close": 93.349998, "volume": 98972, "typical_volume": 130295.3, "trend": 89.728801, "fair_value": 82.275795, "relative_strength": -3.836199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.929164, "energy": 59.032435, "activity_lines": [ 93.330667, 92.327091, 91.625657, 90.884082 ] }, { "date": "2026-01-30", "close": 91.809998, "volume": 97712, "typical_volume": 123566.8, "trend": 89.9308, "fair_value": 82.381372, "relative_strength": -6.357888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.78276, "energy": 69.511538, "activity_lines": [ 93.045333, 92.370727, 91.699257, 91.018353 ] }, { "date": "2026-02-06", "close": 94.18, "volume": 261092, "typical_volume": 128297.95, "trend": 90.1868, "fair_value": 82.506244, "relative_strength": -4.232212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.474274, "energy": 70.902008, "activity_lines": [ 93.466666, 92.786182, 91.983381, 91.292495 ] }, { "date": "2026-02-13", "close": 94.639999, "volume": 260911, "typical_volume": 137590.8, "trend": 90.448467, "fair_value": 82.634834, "relative_strength": -2.474468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.192442, "energy": 67.190975, "activity_lines": [ 93.803999, 93.228363, 92.282743, 91.579798 ] }, { "date": "2026-02-20", "close": 95.300003, "volume": 223621, "typical_volume": 144725.45, "trend": 90.711467, "fair_value": 82.774321, "relative_strength": -3.641505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.095043, "energy": 68.008444, "activity_lines": [ 94.304667, 93.726364, 92.616343, 91.8928 ] }, { "date": "2026-02-27", "close": 95.529999, "volume": 187898, "typical_volume": 149694.9, "trend": 91.0298, "fair_value": 82.910795, "relative_strength": -4.573056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.215139, "energy": 71.938858, "activity_lines": [ 94.862667, 94.185455, 92.946419, 92.203673 ] }, { "date": "2026-03-06", "close": 95.900002, "volume": 290979, "typical_volume": 156147.3, "trend": 91.3558, "fair_value": 83.069449, "relative_strength": 2.519767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.50618, "energy": 73.968434, "activity_lines": [ 95.398668, 94.625637, 93.278972, 92.51788 ] }, { "date": "2026-03-13", "close": 93.669998, "volume": 183421, "typical_volume": 161745.05, "trend": 91.557134, "fair_value": 83.229641, "relative_strength": -0.134342, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.767081, "energy": 47.7761, "activity_lines": [ 94.918667, 94.563273, 93.363714, 92.667183 ] }, { "date": "2026-03-20", "close": 91.610001, "volume": 124763, "typical_volume": 161269.3, "trend": 91.6508, "fair_value": 83.381629, "relative_strength": 1.124948, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.811432, "energy": 21.016846, "activity_lines": [ 93.786, 94.070909, 93.307953, 92.670594 ] }, { "date": "2026-03-27", "close": 91.519997, "volume": 105002, "typical_volume": 154376.6, "trend": 91.757467, "fair_value": 83.516436, "relative_strength": -0.104954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.681334, "energy": 15.475111, "activity_lines": [ 92.825332, 93.601818, 93.234238, 92.662155 ] }, { "date": "2026-04-03", "close": 92.720001, "volume": 79824, "typical_volume": 151365.1, "trend": 91.9208, "fair_value": 83.665411, "relative_strength": -3.543337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.127202, "energy": 22.623465, "activity_lines": [ 92.516666, 93.414363, 93.259905, 92.724254 ] }, { "date": "2026-04-10", "close": 93.269997, "volume": 126263, "typical_volume": 145667.65, "trend": 92.0758, "fair_value": 83.814641, "relative_strength": -6.773162, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.430743, "energy": 20.999762, "activity_lines": [ 92.578665, 93.338363, 93.320952, 92.811299 ] }, { "date": "2026-04-17", "close": 95.550003, "volume": 88952, "typical_volume": 136348.0, "trend": 92.321467, "fair_value": 83.978103, "relative_strength": -6.769542, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.986614, "energy": 18.527296, "activity_lines": [ 93.576, 93.650364, 93.576714, 93.035441 ] }, { "date": "2026-04-24", "close": 95.650002, "volume": 127473, "typical_volume": 136243.1, "trend": 92.555467, "fair_value": 84.144128, "relative_strength": -4.173206, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.793979, "energy": 42.209372, "activity_lines": [ 94.481334, 93.955637, 93.820572, 93.250185 ] }, { "date": "2026-05-01", "close": 95.82, "volume": 112301, "typical_volume": 135727.85, "trend": 92.7508, "fair_value": 84.317141, "relative_strength": -5.030151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.840114, "energy": 58.457917, "activity_lines": [ 95.174001, 94.273455, 94.059, 93.4608 ] }, { "date": "2026-05-08", "close": 96.18, "volume": 131250, "typical_volume": 138064.6, "trend": 93.0018, "fair_value": 84.492718, "relative_strength": -6.540131, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.825229, "energy": 67.697169, "activity_lines": [ 95.700001, 94.647273, 94.308095, 93.682039 ] }, { "date": "2026-05-15", "close": 96.370003, "volume": 113846, "typical_volume": 142502.55, "trend": 93.265467, "fair_value": 84.660026, "relative_strength": -5.853562, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.841202, "energy": 68.992446, "activity_lines": [ 96.058668, 95.043819, 94.549619, 93.899342 ] }, { "date": "2026-05-22", "close": 98.599998, "volume": 183833, "typical_volume": 150286.3, "trend": 93.04, "fair_value": 84.844513, "relative_strength": -4.324603, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.240592, "energy": 76.997947, "activity_lines": [ 96.954, 95.837273, 94.975857, 94.243506 ] }, { "date": "2026-05-29", "close": 99.370003, "volume": 121868, "typical_volume": 152309.65, "trend": 93.364334, "fair_value": 85.025603, "relative_strength": -4.476352, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.066251, "energy": 81.983569, "activity_lines": [ 97.902668, 96.681092, 95.437429, 94.651893 ] }, { "date": "2026-06-05", "close": 100.730003, "volume": 30067, "typical_volume": 147502.4, "trend": 93.775667, "fair_value": 85.211244, "relative_strength": -2.80853, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.363595, "energy": 88.484046, "activity_lines": [ 99.056668, 97.631092, 96.001953, 95.127097 ] }, { "date": "2026-06-12", "close": 101.410004, "volume": 28355, "typical_volume": 143971.55, "trend": 94.184334, "fair_value": 85.3965, "relative_strength": -5.04755, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.23408, "energy": 93.045341, "activity_lines": [ 100.110003, 98.537275, 96.604001, 95.619635 ] }, { "date": "2026-06-19", "close": 101.849998, "volume": 24927, "typical_volume": 140332.3, "trend": 94.627334, "fair_value": 85.592975, "relative_strength": -6.876803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.421709, "energy": 92.656883, "activity_lines": [ 100.961335, 99.365456, 97.209572, 96.114194 ] }, { "date": "2026-06-26", "close": 103.93, "volume": 15505, "typical_volume": 128052.95, "trend": 95.056667, "fair_value": 85.790603, "relative_strength": -1.938241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.09654, "energy": 96.409377, "activity_lines": [ 102.140668, 100.415819, 97.965429, 96.714366 ] }, { "date": "2026-07-03", "close": 104.720001, "volume": 10168, "typical_volume": 115515.8, "trend": 95.510334, "fair_value": 85.99618, "relative_strength": -3.937618, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.70593, "energy": 96.109999, "activity_lines": [ 103.228001, 101.457456, 98.750096, 97.337807 ] }, { "date": "2026-07-10", "close": 104.290001, "volume": 197936, "typical_volume": 114231.55, "trend": 95.958, "fair_value": 86.201564, "relative_strength": -3.801452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.177198, "energy": 91.597499, "activity_lines": [ 103.815334, 102.256001, 99.44581, 97.904237 ] }, { "date": "2026-07-17", "close": 104.269997, "volume": 101400, "typical_volume": 109906.65, "trend": 96.407334, "fair_value": 86.394257, "relative_strength": -2.332369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.657205, "energy": 89.324008, "activity_lines": [ 104.158666, 102.896909, 100.09681, 98.440495 ] }, { "date": "2026-07-24", "close": 104.739998, "volume": 121178, "typical_volume": 101416.6, "trend": 96.88, "fair_value": 86.585731, "relative_strength": -1.626281, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.189171, "energy": 85.071322, "activity_lines": [ 104.467999, 103.476182, 100.750953, 98.978086 ] }, { "date": "2026-07-31", "close": 103.739998, "volume": 154334, "typical_volume": 99962.25, "trend": 97.317333, "fair_value": 86.776885, "relative_strength": -3.109512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.372685, "energy": 66.063098, "activity_lines": [ 104.251332, 103.721454, 101.267762, 99.420667 ] }, { "date": "2026-08-07", "close": 105.93, "volume": 107450, "typical_volume": 99096.6, "trend": 97.722, "fair_value": 86.983808, "relative_strength": -3.820422, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.484849, "energy": 70.101896, "activity_lines": [ 104.777332, 104.271454, 101.945191, 99.976323 ] } ], "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." } } }