{ "ticker": { "uuid": "4bd01298-e35f-4f22-b514-e71d83c8967f", "symbol": "FV", "name": "FIRST TRUST DORSEY WRIGHT FOCUS 5 ETF", "exchange": "NASDAQ", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 44.416, "architecture_energy": 26.329, "architecture_maturity": 64.984, "architecture_confidence": 83.348, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 37.3, "rotation_up": 28.46, "upward_expansion": 57.81, "deceleration": 88.25, "rotation_down": 30.63, "downward_expansion": 19.15 }, "activity_lines": [ 70.778247, 71.360142, 70.771507, 69.140524 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 72.58, "trend_reference": 67.528658, "distance_from_trend": 0.074803, "trend_direction": "Improving", "fair_value": 58.072111, "distance_from_fair_value": 0.249825, "fair_value_direction": "Improving", "relative_strength": -2.327114, "relative_strength_direction": "Improving", "price_momentum": 0.097573, "excess_performance": -0.089881, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.074803, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.048079, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.249825, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.018967, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.023271, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.052087, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.097573, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.872954, "read": "Demand-led" } ], "volume": { "latest": 376728, "relative_activity": 0.91808, "balance": 1.872954, "dry_up": 0.746317, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.040218, "annualized_volatility": 0.164349, "from_high_reference": -0.046003, "from_low_reference": 0.247399 }, "levels": { "trend_reference": 67.528658, "fair_value_reference": 58.072111, "structural_low": 58.3308, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.024169, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.012492, "regime_survival": 0.25, "best_return": 0.057265, "worst_return": -0.087398, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.020509, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.034546, "regime_survival": 0.0, "best_return": 0.105154, "worst_return": -0.113042, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.068877, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.073731, "regime_survival": 0.0, "best_return": 0.200795, "worst_return": 0.012047, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.048899, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.276916, "regime_survival": 0.0, "best_return": 0.1134, "worst_return": -0.015603, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.041229, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.026552, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.112161, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-30", "tenure": "Developing", "return": 0.108817, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-06-27", "tenure": "New", "return": 0.014193, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-04", "end": "2025-08-08", "tenure": "Developing", "return": 0.007676, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2025-10-31", "tenure": "Developing", "return": 0.016619, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-07", "end": "2025-12-19", "tenure": "Developing", "return": 0.03074, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-02-20", "tenure": "Developing", "return": 0.032486, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-03-20", "tenure": "New", "return": -0.077776, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.088438, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.047014, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-07-24", "tenure": "Developing", "return": -0.003266, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.044049, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 44.982949, "volume": 751797, "typical_volume": 1050424.8, "trend": 45.343995, "fair_value": 44.025425, "relative_strength": -14.916578, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 34.417576, "energy": 24.642603, "activity_lines": [ 46.34059, 46.542872, 45.792024, 45.398457 ] }, { "date": "2023-08-25", "close": 45.091866, "volume": 619234, "typical_volume": 1026394.95, "trend": 45.249507, "fair_value": 44.089052, "relative_strength": -15.783834, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.053677, "energy": 21.345932, "activity_lines": [ 45.772377, 46.300664, 45.790452, 45.382191 ] }, { "date": "2023-09-01", "close": 46.66622, "volume": 511605, "typical_volume": 993317.75, "trend": 45.231817, "fair_value": 44.172976, "relative_strength": -15.672156, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.39512, "energy": 25.211939, "activity_lines": [ 45.887374, 46.358203, 45.930602, 45.473592 ] }, { "date": "2023-09-08", "close": 45.596848, "volume": 747202, "typical_volume": 982214.1, "trend": 45.168293, "fair_value": 44.25751, "relative_strength": -16.204705, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.426557, "energy": 21.391277, "activity_lines": [ 45.745081, 46.187393, 45.956255, 45.497142 ] }, { "date": "2023-09-15", "close": 44.893834, "volume": 920051, "typical_volume": 977572.1, "trend": 45.095138, "fair_value": 44.337477, "relative_strength": -16.789084, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.644921, "energy": 10.371447, "activity_lines": [ 45.468127, 45.904245, 45.906688, 45.479435 ] }, { "date": "2023-09-22", "close": 43.358691, "volume": 1013349, "typical_volume": 950806.3, "trend": 44.984944, "fair_value": 44.406918, "relative_strength": -16.587187, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.584037, "energy": 27.160843, "activity_lines": [ 44.772243, 45.358723, 45.705716, 45.367406 ] }, { "date": "2023-09-29", "close": 43.873687, "volume": 932174, "typical_volume": 954373.1, "trend": 44.84722, "fair_value": 44.474434, "relative_strength": -15.353663, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.267944, "energy": 39.995496, "activity_lines": [ 44.356308, 44.979576, 45.555571, 45.295712 ] }, { "date": "2023-10-06", "close": 43.735034, "volume": 1268953, "typical_volume": 942137.4, "trend": 44.827132, "fair_value": 44.530919, "relative_strength": -16.656749, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.941125, "energy": 50.081932, "activity_lines": [ 43.975367, 44.640574, 45.387733, 45.223958 ] }, { "date": "2023-10-13", "close": 43.368595, "volume": 681533, "typical_volume": 907140.05, "trend": 44.869963, "fair_value": 44.583438, "relative_strength": -16.977749, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.212575, "energy": 56.735485, "activity_lines": [ 43.667693, 44.315287, 45.184983, 45.129859 ] }, { "date": "2023-10-20", "close": 42.170239, "volume": 839793, "typical_volume": 857765.75, "trend": 44.850518, "fair_value": 44.62927, "relative_strength": -16.34057, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.686354, "energy": 62.486711, "activity_lines": [ 43.109116, 43.839816, 44.869224, 44.955684 ] }, { "date": "2023-10-27", "close": 40.887701, "volume": 1423681, "typical_volume": 873327.05, "trend": 44.727008, "fair_value": 44.68088, "relative_strength": -16.168628, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.944221, "energy": 79.383398, "activity_lines": [ 42.3046, 43.20598, 44.441019, 44.700018 ] }, { "date": "2023-11-03", "close": 43.596381, "volume": 1966300, "typical_volume": 920151.45, "trend": 44.734674, "fair_value": 44.731126, "relative_strength": -15.387871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.224967, "energy": 57.852351, "activity_lines": [ 42.56771, 43.139091, 44.288851, 44.627074 ] }, { "date": "2023-11-10", "close": 44.259934, "volume": 943466, "typical_volume": 939801.15, "trend": 44.743026, "fair_value": 44.786558, "relative_strength": -15.936958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.621002, "energy": 40.475057, "activity_lines": [ 43.070491, 43.220039, 44.210537, 44.596446 ] }, { "date": "2023-11-17", "close": 45.993093, "volume": 1016154, "typical_volume": 958532.3, "trend": 44.814096, "fair_value": 44.848434, "relative_strength": -13.802217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.368653, "energy": 11.927429, "activity_lines": [ 44.115999, 43.659857, 44.29986, 44.677095 ] }, { "date": "2023-11-24", "close": 46.329821, "volume": 472012, "typical_volume": 949876.95, "trend": 44.898368, "fair_value": 44.903795, "relative_strength": -13.340676, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 13.854996, "energy": 24.22942, "activity_lines": [ 45.098783, 44.153693, 44.423421, 44.774884 ] }, { "date": "2023-12-01", "close": 47.508369, "volume": 608942, "typical_volume": 946024.55, "trend": 45.024234, "fair_value": 44.961634, "relative_strength": -10.693293, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.609113, "energy": 40.128613, "activity_lines": [ 46.19711, 44.835703, 44.656771, 44.943271 ] }, { "date": "2023-12-08", "close": 47.835194, "volume": 816681, "typical_volume": 939813.8, "trend": 45.187702, "fair_value": 45.02331, "relative_strength": -10.088226, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.086379, "energy": 58.79341, "activity_lines": [ 46.963002, 45.501686, 44.920538, 45.124623 ] }, { "date": "2023-12-15", "close": 50.71719, "volume": 924067, "typical_volume": 936004.9, "trend": 45.420528, "fair_value": 45.095309, "relative_strength": -7.243434, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.300034, "energy": 84.72293, "activity_lines": [ 48.406971, 46.619641, 45.457033, 45.481365 ] }, { "date": "2023-12-22", "close": 51.486613, "volume": 1214965, "typical_volume": 945661.65, "trend": 45.683289, "fair_value": 45.172178, "relative_strength": -6.09924, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.205999, "energy": 93.837456, "activity_lines": [ 49.676931, 47.750543, 46.0546, 45.872725 ] }, { "date": "2023-12-29", "close": 51.100018, "volume": 455922, "typical_volume": 906394.05, "trend": 45.913049, "fair_value": 45.247938, "relative_strength": -6.459433, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.122613, "energy": 91.356845, "activity_lines": [ 50.451791, 48.663555, 46.594422, 46.222191 ] }, { "date": "2024-01-05", "close": 49.266166, "volume": 766679, "typical_volume": 907138.15, "trend": 46.065853, "fair_value": 45.304227, "relative_strength": -6.271523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.575238, "energy": 85.397865, "activity_lines": [ 50.297354, 49.08078, 46.936665, 46.438521 ] }, { "date": "2024-01-12", "close": 50.366477, "volume": 865308, "typical_volume": 919441.85, "trend": 46.216921, "fair_value": 45.367445, "relative_strength": -6.540885, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.415783, "energy": 77.067187, "activity_lines": [ 50.392501, 49.545725, 47.363303, 46.715981 ] }, { "date": "2024-01-19", "close": 51.902947, "volume": 606443, "typical_volume": 924183.75, "trend": 46.453661, "fair_value": 45.432548, "relative_strength": -5.733944, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.981459, "energy": 65.69382, "activity_lines": [ 50.831053, 50.166936, 47.911155, 47.082821 ] }, { "date": "2024-01-26", "close": 52.17059, "volume": 701126, "typical_volume": 921879.95, "trend": 46.644402, "fair_value": 45.51318, "relative_strength": -5.281444, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.109697, "energy": 65.473473, "activity_lines": [ 51.279768, 50.697845, 48.459559, 47.451656 ] }, { "date": "2024-02-02", "close": 52.705877, "volume": 839282, "typical_volume": 917841.5, "trend": 46.874108, "fair_value": 45.581501, "relative_strength": -5.014685, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.613188, "energy": 81.430935, "activity_lines": [ 51.861314, 51.213761, 49.02764, 47.842718 ] }, { "date": "2024-02-09", "close": 54.073831, "volume": 666225, "typical_volume": 900485.3, "trend": 47.097925, "fair_value": 45.648698, "relative_strength": -3.829204, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.547994, "energy": 89.169076, "activity_lines": [ 52.791787, 51.862468, 49.688802, 48.307217 ] }, { "date": "2024-02-16", "close": 53.627759, "volume": 693208, "typical_volume": 888537.0, "trend": 47.303242, "fair_value": 45.713596, "relative_strength": -2.708882, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.884031, "energy": 86.07236, "activity_lines": [ 53.253058, 52.310698, 50.256456, 48.728496 ] }, { "date": "2024-02-23", "close": 54.410863, "volume": 486882, "typical_volume": 849433.45, "trend": 47.511813, "fair_value": 45.794091, "relative_strength": -2.156297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.285049, "energy": 83.123929, "activity_lines": [ 53.757946, 52.795992, 50.852244, 49.187053 ] }, { "date": "2024-03-01", "close": 56.036547, "volume": 687855, "typical_volume": 849749.55, "trend": 47.809965, "fair_value": 45.887318, "relative_strength": -0.696584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.586179, "energy": 82.408828, "activity_lines": [ 54.637534, 53.509707, 51.552022, 49.737035 ] }, { "date": "2024-03-08", "close": 55.778817, "volume": 979760, "typical_volume": 856747.9, "trend": 48.126405, "fair_value": 45.967746, "relative_strength": 0.753718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.24121, "energy": 69.163601, "activity_lines": [ 55.173481, 54.093836, 52.16693, 50.251155 ] }, { "date": "2024-03-15", "close": 54.787546, "volume": 573200, "typical_volume": 814223.85, "trend": 48.453225, "fair_value": 46.042896, "relative_strength": 0.317639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.212667, "energy": 66.009881, "activity_lines": [ 55.174142, 54.412665, 52.622629, 50.680906 ] }, { "date": "2024-03-22", "close": 56.449883, "volume": 608448, "typical_volume": 746331.25, "trend": 48.831826, "fair_value": 46.128311, "relative_strength": 0.528419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.838797, "energy": 69.023512, "activity_lines": [ 55.681334, 54.933348, 53.170455, 51.196819 ] }, { "date": "2024-03-29", "close": 56.737387, "volume": 464934, "typical_volume": 722404.65, "trend": 49.167531, "fair_value": 46.209595, "relative_strength": 1.767856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.82004, "energy": 67.357522, "activity_lines": [ 56.096219, 55.395698, 53.684456, 51.706856 ] }, { "date": "2024-04-05", "close": 55.696425, "volume": 501444, "typical_volume": 696669.15, "trend": 49.504184, "fair_value": 46.27868, "relative_strength": 0.87064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.058296, "energy": 60.83762, "activity_lines": [ 56.009015, 55.580882, 54.039902, 52.128075 ] }, { "date": "2024-04-12", "close": 54.615807, "volume": 402005, "typical_volume": 693168.8, "trend": 49.828249, "fair_value": 46.339335, "relative_strength": -0.369058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.014134, "energy": 53.701359, "activity_lines": [ 55.584281, 55.505485, 54.246225, 52.457857 ] }, { "date": "2024-04-19", "close": 51.958875, "volume": 551545, "typical_volume": 690298.95, "trend": 50.114922, "fair_value": 46.382335, "relative_strength": 0.401795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.074664, "energy": 26.123041, "activity_lines": [ 54.351436, 54.912283, 54.160049, 52.595316 ] }, { "date": "2024-04-26", "close": 54.21925, "volume": 683344, "typical_volume": 683632.1, "trend": 50.459774, "fair_value": 46.442811, "relative_strength": 0.964727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.67339, "energy": 23.702787, "activity_lines": [ 54.060627, 54.768512, 54.267955, 52.860112 ] }, { "date": "2024-05-03", "close": 54.258906, "volume": 409173, "typical_volume": 657887.4, "trend": 50.81057, "fair_value": 46.500742, "relative_strength": 0.180785, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.635609, "energy": 22.946663, "activity_lines": [ 53.931746, 54.621196, 54.349237, 53.105217 ] }, { "date": "2024-05-10", "close": 55.061933, "volume": 829960, "typical_volume": 638637.15, "trend": 51.200348, "fair_value": 46.569855, "relative_strength": 0.280554, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.800777, "energy": 21.822145, "activity_lines": [ 54.235773, 54.622649, 54.490133, 53.379499 ] }, { "date": "2024-05-17", "close": 56.06324, "volume": 522052, "typical_volume": 641943.65, "trend": 51.663448, "fair_value": 46.646196, "relative_strength": 0.015971, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.669348, "energy": 34.985281, "activity_lines": [ 54.915868, 54.823877, 54.709366, 53.693233 ] }, { "date": "2024-05-24", "close": 56.211949, "volume": 535094, "typical_volume": 630364.4, "trend": 52.174256, "fair_value": 46.717144, "relative_strength": -1.024485, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.813854, "energy": 41.800854, "activity_lines": [ 55.549038, 55.046973, 54.919127, 53.986685 ] }, { "date": "2024-05-31", "close": 55.032192, "volume": 438118, "typical_volume": 609004.9, "trend": 52.55545, "fair_value": 46.77916, "relative_strength": -1.493591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.509871, "energy": 37.837093, "activity_lines": [ 55.505417, 55.029668, 54.983455, 54.171068 ] }, { "date": "2024-06-07", "close": 55.359351, "volume": 628158, "typical_volume": 610090.65, "trend": 52.925431, "fair_value": 46.842278, "relative_strength": -3.420509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.552505, "energy": 36.093347, "activity_lines": [ 55.516652, 55.097624, 55.056724, 54.351965 ] }, { "date": "2024-06-14", "close": 56.439969, "volume": 522187, "typical_volume": 601143.7, "trend": 53.27366, "fair_value": 46.920288, "relative_strength": -4.757481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.421302, "energy": 37.87235, "activity_lines": [ 55.814731, 55.38711, 55.216449, 54.578709 ] }, { "date": "2024-06-21", "close": 56.816698, "volume": 420454, "typical_volume": 580202.3, "trend": 53.623222, "fair_value": 46.990632, "relative_strength": -4.231501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.421927, "energy": 38.510514, "activity_lines": [ 56.146517, 55.731574, 55.391723, 54.807292 ] }, { "date": "2024-06-28", "close": 56.789766, "volume": 325116, "typical_volume": 563146.85, "trend": 53.932602, "fair_value": 47.059684, "relative_strength": -4.096755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.268819, "energy": 42.763559, "activity_lines": [ 56.419095, 56.031125, 55.544857, 55.011586 ] }, { "date": "2024-07-05", "close": 57.477894, "volume": 267004, "typical_volume": 541836.65, "trend": 54.254026, "fair_value": 47.134143, "relative_strength": -6.12252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.973277, "energy": 57.371936, "activity_lines": [ 56.882528, 56.367956, 55.750594, 55.240314 ] }, { "date": "2024-07-12", "close": 58.172071, "volume": 626416, "typical_volume": 548813.35, "trend": 54.502522, "fair_value": 47.222944, "relative_strength": -4.609012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.32948, "energy": 66.171709, "activity_lines": [ 57.414306, 56.771752, 56.004109, 55.493091 ] }, { "date": "2024-07-19", "close": 56.17879, "volume": 561045, "typical_volume": 542472.85, "trend": 54.658927, "fair_value": 47.289386, "relative_strength": -3.946798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.534837, "energy": 46.791146, "activity_lines": [ 57.094143, 56.741986, 56.049877, 55.601238 ] }, { "date": "2024-07-26", "close": 55.464779, "volume": 937583, "typical_volume": 540364.0, "trend": 54.80442, "fair_value": 47.349758, "relative_strength": -2.553247, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.684605, "energy": 25.423536, "activity_lines": [ 56.553388, 56.562092, 56.026966, 55.653228 ] }, { "date": "2024-08-02", "close": 52.251729, "volume": 646368, "typical_volume": 544022.4, "trend": 54.903938, "fair_value": 47.388413, "relative_strength": -5.125846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -1.354083, "energy": 11.968573, "activity_lines": [ 55.031744, 55.808889, 55.699547, 55.488538 ] }, { "date": "2024-08-09", "close": 53.005408, "volume": 729096, "typical_volume": 550054.8, "trend": 54.991903, "fair_value": 47.430469, "relative_strength": -3.968083, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -25.944822, "energy": 30.730245, "activity_lines": [ 54.063863, 55.264723, 55.455981, 55.366052 ] }, { "date": "2024-08-16", "close": 55.613532, "volume": 364405, "typical_volume": 545028.35, "trend": 55.115589, "fair_value": 47.496212, "relative_strength": -4.323814, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -12.024609, "energy": 23.319018, "activity_lines": [ 54.263522, 55.231611, 55.477211, 55.406158 ] }, { "date": "2024-08-23", "close": 56.912635, "volume": 490854, "typical_volume": 544498.85, "trend": 55.273657, "fair_value": 47.559518, "relative_strength": -3.00878, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.034347, "energy": 13.193028, "activity_lines": [ 55.066784, 55.430079, 55.627516, 55.522096 ] }, { "date": "2024-08-30", "close": 56.7738, "volume": 466333, "typical_volume": 547715.25, "trend": 55.409254, "fair_value": 47.62293, "relative_strength": -2.407226, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.342262, "energy": 16.506153, "activity_lines": [ 55.774845, 55.59471, 55.758808, 55.618879 ] }, { "date": "2024-09-06", "close": 52.826905, "volume": 556296, "typical_volume": 547952.8, "trend": 55.36769, "fair_value": 47.666891, "relative_strength": -3.526676, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.243096, "energy": 8.416, "activity_lines": [ 55.080007, 55.042503, 55.503928, 55.452276 ] }, { "date": "2024-09-13", "close": 55.593698, "volume": 477642, "typical_volume": 537667.7, "trend": 55.433221, "fair_value": 47.729333, "relative_strength": -4.091189, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.544617, "energy": 8.359368, "activity_lines": [ 55.269087, 55.065402, 55.50842, 55.466857 ] }, { "date": "2024-09-20", "close": 56.605214, "volume": 367586, "typical_volume": 535588.35, "trend": 55.506367, "fair_value": 47.796644, "relative_strength": -3.715405, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.060225, "energy": 10.38779, "activity_lines": [ 55.622787, 55.306471, 55.602701, 55.54247 ] }, { "date": "2024-09-27", "close": 57.963608, "volume": 414005, "typical_volume": 514790.6, "trend": 55.570602, "fair_value": 47.880475, "relative_strength": -2.349695, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.476162, "energy": 32.418359, "activity_lines": [ 56.363173, 55.823009, 55.81518, 55.701002 ] }, { "date": "2024-10-04", "close": 57.824726, "volume": 302466, "typical_volume": 503811.3, "trend": 55.638799, "fair_value": 47.962699, "relative_strength": -2.665639, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.656328, "energy": 44.701333, "activity_lines": [ 56.9872, 56.281844, 56.000615, 55.846429 ] }, { "date": "2024-10-11", "close": 58.915945, "volume": 428884, "typical_volume": 498500.8, "trend": 55.776412, "fair_value": 48.043515, "relative_strength": -2.041051, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.49376, "energy": 59.01668, "activity_lines": [ 57.904905, 56.896175, 56.281587, 56.057858 ] }, { "date": "2024-10-18", "close": 58.796903, "volume": 347477, "typical_volume": 493968.75, "trend": 55.854646, "fair_value": 48.116597, "relative_strength": -2.445684, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.571138, "energy": 64.260986, "activity_lines": [ 58.376994, 57.367694, 56.538346, 56.252728 ] }, { "date": "2024-10-25", "close": 57.953688, "volume": 400248, "typical_volume": 482573.25, "trend": 55.89519, "fair_value": 48.182779, "relative_strength": -3.976148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.517542, "energy": 58.646675, "activity_lines": [ 58.354463, 57.580602, 56.696871, 56.38815 ] }, { "date": "2024-11-01", "close": 57.417998, "volume": 461409, "typical_volume": 479534.35, "trend": 55.952575, "fair_value": 48.234697, "relative_strength": -3.299715, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.679165, "energy": 48.596125, "activity_lines": [ 58.063471, 57.653563, 56.792024, 56.486396 ] }, { "date": "2024-11-08", "close": 60.642057, "volume": 645841, "typical_volume": 490803.7, "trend": 56.15345, "fair_value": 48.305041, "relative_strength": -3.178401, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.264498, "energy": 56.348777, "activity_lines": [ 58.883539, 58.303528, 57.189574, 56.788943 ] }, { "date": "2024-11-15", "close": 58.519138, "volume": 503886, "typical_volume": 499742.2, "trend": 56.372126, "fair_value": 48.363271, "relative_strength": -3.229758, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.748065, "energy": 37.630357, "activity_lines": [ 58.808146, 58.497176, 57.366724, 56.941568 ] }, { "date": "2024-11-22", "close": 60.671817, "volume": 536863, "typical_volume": 513235.15, "trend": 56.587211, "fair_value": 48.445757, "relative_strength": -1.501938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.129082, "energy": 54.238709, "activity_lines": [ 59.476766, 58.978725, 57.740657, 57.218968 ] }, { "date": "2024-11-29", "close": 60.969423, "volume": 244488, "typical_volume": 494138.75, "trend": 56.810895, "fair_value": 48.537752, "relative_strength": -1.738311, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.261332, "energy": 65.964395, "activity_lines": [ 60.119594, 59.422055, 58.127724, 57.501691 ] }, { "date": "2024-12-06", "close": 61.971361, "volume": 392350, "typical_volume": 485704.0, "trend": 57.041209, "fair_value": 48.62695, "relative_strength": -3.221206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.241697, "energy": 73.578711, "activity_lines": [ 60.895352, 59.968206, 58.596892, 57.834624 ] }, { "date": "2024-12-13", "close": 61.255719, "volume": 424937, "typical_volume": 460071.7, "trend": 57.214292, "fair_value": 48.725131, "relative_strength": -4.910933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.248141, "energy": 74.696554, "activity_lines": [ 61.129005, 60.311372, 58.970321, 58.106528 ] }, { "date": "2024-12-20", "close": 59.478896, "volume": 542365, "typical_volume": 454871.55, "trend": 57.32319, "fair_value": 48.8035, "relative_strength": -5.376105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.250689, "energy": 55.917656, "activity_lines": [ 60.729473, 60.269098, 59.146952, 58.252631 ] }, { "date": "2024-12-27", "close": 59.657571, "volume": 488353, "typical_volume": 442834.4, "trend": 57.47737, "fair_value": 48.87965, "relative_strength": -5.780804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.795434, "energy": 39.31398, "activity_lines": [ 60.325516, 60.249074, 59.306186, 58.403237 ] }, { "date": "2025-01-03", "close": 59.230736, "volume": 376764, "typical_volume": 443452.35, "trend": 57.606416, "fair_value": 48.95294, "relative_strength": -5.576729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.248788, "energy": 23.448444, "activity_lines": [ 59.846897, 60.135796, 59.393091, 58.516357 ] }, { "date": "2025-01-10", "close": 58.069349, "volume": 641548, "typical_volume": 450987.05, "trend": 57.660728, "fair_value": 49.015796, "relative_strength": -5.210425, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.969076, "energy": 20.005129, "activity_lines": [ 59.097061, 59.788137, 59.352163, 58.546224 ] }, { "date": "2025-01-17", "close": 60.630357, "volume": 399739, "typical_volume": 447657.35, "trend": 57.78785, "fair_value": 49.116931, "relative_strength": -3.671048, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.293278, "energy": 21.000001, "activity_lines": [ 59.461028, 59.894274, 59.549632, 58.737813 ] }, { "date": "2025-01-24", "close": 61.771891, "volume": 592522, "typical_volume": 449468.65, "trend": 57.953921, "fair_value": 49.225197, "relative_strength": -3.208398, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.751776, "energy": 29.853097, "activity_lines": [ 60.247198, 60.208174, 59.837455, 58.994848 ] }, { "date": "2025-01-31", "close": 61.821523, "volume": 748328, "typical_volume": 463002.95, "trend": 58.098709, "fair_value": 49.326992, "relative_strength": -1.687426, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.736657, "energy": 37.354666, "activity_lines": [ 60.897046, 60.471958, 60.087409, 59.24437 ] }, { "date": "2025-02-07", "close": 61.394688, "volume": 491248, "typical_volume": 469186.05, "trend": 58.206129, "fair_value": 49.425365, "relative_strength": -2.373889, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.615168, "energy": 55.012136, "activity_lines": [ 61.260351, 60.637232, 60.267056, 59.457014 ] }, { "date": "2025-02-14", "close": 62.069682, "volume": 447585, "typical_volume": 470865.05, "trend": 58.402493, "fair_value": 49.532613, "relative_strength": -3.940977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.25962, "energy": 63.841251, "activity_lines": [ 61.704391, 60.9175, 60.488181, 59.706275 ] }, { "date": "2025-02-21", "close": 59.68735, "volume": 587804, "typical_volume": 485131.95, "trend": 58.543245, "fair_value": 49.622595, "relative_strength": -5.32881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.638793, "energy": 37.163565, "activity_lines": [ 61.087632, 60.762829, 60.462864, 59.78917 ] }, { "date": "2025-02-28", "close": 58.86346, "volume": 568351, "typical_volume": 492105.3, "trend": 58.763636, "fair_value": 49.705428, "relative_strength": -3.179375, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.771578, "energy": 11.352269, "activity_lines": [ 60.25911, 60.486875, 60.350212, 59.809829 ] }, { "date": "2025-03-07", "close": 56.451349, "volume": 1083094, "typical_volume": 528886.15, "trend": 58.878501, "fair_value": 49.78046, "relative_strength": -3.853047, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.905859, "energy": 25.64613, "activity_lines": [ 58.820446, 59.783546, 60.008085, 59.660649 ] }, { "date": "2025-03-14", "close": 54.952465, "volume": 893860, "typical_volume": 553566.75, "trend": 58.856465, "fair_value": 49.838783, "relative_strength": -3.846293, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.311912, "energy": 41.514268, "activity_lines": [ 57.240166, 58.865987, 59.534377, 59.407356 ] }, { "date": "2025-03-21", "close": 55.538121, "volume": 685488, "typical_volume": 564770.7, "trend": 58.810648, "fair_value": 49.890051, "relative_strength": -2.879081, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.888812, "energy": 65.96166, "activity_lines": [ 56.284585, 58.132698, 59.130737, 59.193269 ] }, { "date": "2025-03-28", "close": 54.436583, "volume": 480443, "typical_volume": 556500.8, "trend": 58.732741, "fair_value": 49.9395, "relative_strength": -2.335101, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.238381, "energy": 72.005719, "activity_lines": [ 55.397263, 57.245151, 58.63114, 58.911072 ] }, { "date": "2025-04-04", "close": 49.308931, "volume": 1178685, "typical_volume": 590240.75, "trend": 58.615475, "fair_value": 49.959261, "relative_strength": -1.682366, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.298553, "energy": 91.327526, "activity_lines": [ 53.150775, 55.537919, 57.672746, 58.303084 ] }, { "date": "2025-04-11", "close": 51.505076, "volume": 1462431, "typical_volume": 636519.15, "trend": 58.479187, "fair_value": 49.989231, "relative_strength": -4.28802, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.618829, "energy": 82.756272, "activity_lines": [ 52.273304, 54.456584, 56.967366, 57.844349 ] }, { "date": "2025-04-18", "close": 51.574638, "volume": 541272, "typical_volume": 651358.35, "trend": 58.311502, "fair_value": 50.029506, "relative_strength": -1.777424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.456947, "energy": 81.119603, "activity_lines": [ 51.748772, 53.575469, 56.312262, 57.398894 ] }, { "date": "2025-04-25", "close": 53.373291, "volume": 566870, "typical_volume": 660084.35, "trend": 58.158491, "fair_value": 50.086739, "relative_strength": -4.261647, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.483771, "energy": 63.720158, "activity_lines": [ 52.048979, 53.199928, 55.873196, 57.0803 ] }, { "date": "2025-05-02", "close": 55.052696, "volume": 544601, "typical_volume": 666067.55, "trend": 58.06609, "fair_value": 50.143007, "relative_strength": -4.337457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.409686, "energy": 44.28611, "activity_lines": [ 53.053309, 53.28785, 55.635016, 56.879926 ] }, { "date": "2025-05-09", "close": 55.360753, "volume": 610297, "typical_volume": 669464.15, "trend": 57.947584, "fair_value": 50.209861, "relative_strength": -3.445511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.376375, "energy": 28.526995, "activity_lines": [ 54.119252, 53.516049, 55.455714, 56.705388 ] }, { "date": "2025-05-16", "close": 57.964328, "volume": 735979, "typical_volume": 681845.45, "trend": 57.919831, "fair_value": 50.297585, "relative_strength": -5.193717, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.675093, "energy": 21.672263, "activity_lines": [ 55.649597, 54.28131, 55.54398, 56.706468 ] }, { "date": "2025-05-23", "close": 56.40417, "volume": 457387, "typical_volume": 685876.6, "trend": 57.868181, "fair_value": 50.352283, "relative_strength": -5.324942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.946041, "energy": 25.111672, "activity_lines": [ 56.229274, 54.735398, 55.491724, 56.608683 ] }, { "date": "2025-05-30", "close": 57.109719, "volume": 311460, "typical_volume": 669372.2, "trend": 57.857905, "fair_value": 50.411192, "relative_strength": -5.764558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.671872, "energy": 21.667791, "activity_lines": [ 56.722164, 55.291372, 55.520122, 56.55975 ] }, { "date": "2025-06-06", "close": 57.874892, "volume": 680412, "typical_volume": 683405.85, "trend": 57.765666, "fair_value": 50.485239, "relative_strength": -6.278859, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.199776, "energy": 18.89932, "activity_lines": [ 57.221017, 55.957895, 55.625964, 56.560846 ] }, { "date": "2025-06-13", "close": 56.891098, "volume": 689108, "typical_volume": 688235.15, "trend": 57.711398, "fair_value": 50.588921, "relative_strength": -7.193118, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.666541, "energy": 16.453444, "activity_lines": [ 57.203792, 56.383031, 55.651232, 56.504423 ] }, { "date": "2025-06-20", "close": 56.871224, "volume": 407767, "typical_volume": 671207.1, "trend": 57.584711, "fair_value": 50.690897, "relative_strength": -7.03216, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.936653, "energy": 14.306338, "activity_lines": [ 57.07792, 56.666696, 55.69785, 56.450218 ] }, { "date": "2025-06-27", "close": 58.6963, "volume": 894735, "typical_volume": 691381.45, "trend": 57.508941, "fair_value": 50.804949, "relative_strength": -7.688208, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.620172, "energy": 31.75757, "activity_lines": [ 57.63328, 57.184627, 55.941857, 56.521933 ] }, { "date": "2025-07-04", "close": 59.651844, "volume": 359573, "typical_volume": 686980.85, "trend": 57.431623, "fair_value": 50.926567, "relative_strength": -7.414749, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.921886, "energy": 46.277648, "activity_lines": [ 58.354345, 57.746808, 56.289718, 56.660185 ] }, { "date": "2025-07-11", "close": 59.333329, "volume": 612890, "typical_volume": 688235.15, "trend": 57.367544, "fair_value": 51.050278, "relative_strength": -7.401937, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.742443, "energy": 57.062772, "activity_lines": [ 58.799764, 58.136922, 56.618757, 56.782876 ] }, { "date": "2025-07-18", "close": 60.011666, "volume": 480902, "typical_volume": 683862.7, "trend": 57.385303, "fair_value": 51.169047, "relative_strength": -7.337243, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.176082, "energy": 67.019692, "activity_lines": [ 59.374067, 58.57254, 57.014086, 56.953464 ] }, { "date": "2025-07-25", "close": 61.069036, "volume": 599212, "typical_volume": 659668.6, "trend": 57.432351, "fair_value": 51.273309, "relative_strength": -6.358003, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.687493, "energy": 76.958312, "activity_lines": [ 60.092788, 59.115845, 57.504649, 57.191125 ] }, { "date": "2025-08-01", "close": 59.442819, "volume": 543727, "typical_volume": 642161.95, "trend": 57.439421, "fair_value": 51.376169, "relative_strength": -6.643926, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.403182, "energy": 67.623704, "activity_lines": [ 59.989583, 59.307025, 57.818345, 57.320832 ] }, { "date": "2025-08-08", "close": 60.109709, "volume": 603995, "typical_volume": 638087.3, "trend": 57.507433, "fair_value": 51.467704, "relative_strength": -8.783483, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.676434, "energy": 62.336977, "activity_lines": [ 60.058906, 59.56421, 58.174172, 57.493109 ] }, { "date": "2025-08-15", "close": 60.568171, "volume": 503709, "typical_volume": 639250.6, "trend": 57.50536, "fair_value": 51.561801, "relative_strength": -8.334929, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.063543, "energy": 72.612638, "activity_lines": [ 60.250526, 59.850207, 58.551893, 57.690576 ] }, { "date": "2025-08-22", "close": 61.4199, "volume": 474407, "typical_volume": 604036.7, "trend": 57.493627, "fair_value": 51.658413, "relative_strength": -5.986056, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.301953, "energy": 65.334918, "activity_lines": [ 60.643732, 60.242094, 58.981533, 57.943127 ] }, { "date": "2025-08-29", "close": 61.204603, "volume": 403933, "typical_volume": 551111.8, "trend": 57.473063, "fair_value": 51.766832, "relative_strength": -5.858523, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.112311, "energy": 71.017153, "activity_lines": [ 60.871291, 60.512494, 59.332996, 58.182545 ] }, { "date": "2025-09-05", "close": 61.194849, "volume": 387916, "typical_volume": 543444.0, "trend": 57.466402, "fair_value": 51.868017, "relative_strength": -6.606697, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.079732, "energy": 70.586177, "activity_lines": [ 61.086561, 60.702333, 59.637343, 58.42266 ] }, { "date": "2025-09-12", "close": 61.516549, "volume": 649588, "typical_volume": 547579.9, "trend": 57.447964, "fair_value": 51.986676, "relative_strength": -7.612926, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.430674, "energy": 67.543659, "activity_lines": [ 61.292261, 60.905234, 59.926517, 58.68396 ] }, { "date": "2025-09-19", "close": 61.851587, "volume": 568734, "typical_volume": 548786.55, "trend": 57.520105, "fair_value": 52.127385, "relative_strength": -8.848127, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.815499, "energy": 60.153163, "activity_lines": [ 61.515852, 61.135147, 60.208822, 58.968064 ] }, { "date": "2025-09-26", "close": 61.59143, "volume": 579141, "typical_volume": 547228.75, "trend": 57.611038, "fair_value": 52.264089, "relative_strength": -8.567847, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.908261, "energy": 57.158521, "activity_lines": [ 61.567163, 61.271973, 60.433975, 59.23073 ] }, { "date": "2025-10-03", "close": 61.96361, "volume": 905890, "typical_volume": 555724.3, "trend": 57.79478, "fair_value": 52.385912, "relative_strength": -8.858035, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.885881, "energy": 58.035211, "activity_lines": [ 61.731099, 61.447745, 60.664903, 59.511542 ] }, { "date": "2025-10-10", "close": 60.675086, "volume": 695502, "typical_volume": 567630.05, "trend": 57.985534, "fair_value": 52.501676, "relative_strength": -8.414609, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.296441, "energy": 45.512865, "activity_lines": [ 61.414926, 61.372975, 60.754071, 59.697368 ] }, { "date": "2025-10-17", "close": 61.255739, "volume": 721462, "typical_volume": 588130.15, "trend": 58.176121, "fair_value": 52.607892, "relative_strength": -9.466762, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.941358, "energy": 35.26091, "activity_lines": [ 61.326954, 61.381373, 60.878201, 59.908349 ] }, { "date": "2025-10-24", "close": 62.217446, "volume": 483990, "typical_volume": 578309.05, "trend": 58.435483, "fair_value": 52.710401, "relative_strength": -9.747553, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.075563, "energy": 42.552403, "activity_lines": [ 61.57694, 61.54379, 61.07418, 60.169079 ] }, { "date": "2025-10-31", "close": 61.57478, "volume": 616284, "typical_volume": 574667.85, "trend": 58.844345, "fair_value": 52.806966, "relative_strength": -12.068433, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.890541, "energy": 34.413934, "activity_lines": [ 61.588312, 61.559372, 61.188273, 60.371615 ] }, { "date": "2025-11-07", "close": 60.969401, "volume": 473832, "typical_volume": 577971.1, "trend": 59.159822, "fair_value": 52.889966, "relative_strength": -9.883406, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.402673, "energy": 28.151517, "activity_lines": [ 61.399002, 61.462068, 61.222408, 60.508715 ] }, { "date": "2025-11-14", "close": 60.625435, "volume": 767033, "typical_volume": 571586.0, "trend": 59.461515, "fair_value": 52.975163, "relative_strength": -9.967339, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.837326, "energy": 21.322869, "activity_lines": [ 61.161317, 61.306503, 61.204269, 60.603271 ] }, { "date": "2025-11-21", "close": 59.202715, "volume": 692799, "typical_volume": 588247.3, "trend": 59.655829, "fair_value": 53.045873, "relative_strength": -8.959719, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.665595, "energy": 12.88572, "activity_lines": [ 60.452702, 60.902613, 61.041447, 60.586574 ] }, { "date": "2025-11-28", "close": 62.122632, "volume": 482747, "typical_volume": 581740.15, "trend": 59.891494, "fair_value": 53.136643, "relative_strength": -8.653455, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.198792, "energy": 17.420995, "activity_lines": [ 60.85426, 61.071688, 61.158851, 60.745723 ] }, { "date": "2025-12-05", "close": 62.481652, "volume": 825212, "typical_volume": 598955.65, "trend": 60.128857, "fair_value": 53.247008, "relative_strength": -8.745951, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.421358, "energy": 23.914487, "activity_lines": [ 61.381814, 61.30111, 61.297164, 60.91283 ] }, { "date": "2025-12-12", "close": 62.557324, "volume": 724371, "typical_volume": 605213.6, "trend": 60.281957, "fair_value": 53.359807, "relative_strength": -6.637814, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 57.362735, "energy": 32.157841, "activity_lines": [ 61.874133, 61.528106, 61.430923, 61.069505 ] }, { "date": "2025-12-19", "close": 62.843583, "volume": 536970, "typical_volume": 604875.75, "trend": 60.496604, "fair_value": 53.468512, "relative_strength": -6.510591, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.309003, "energy": 53.430189, "activity_lines": [ 62.35601, 61.796353, 61.584858, 61.234771 ] }, { "date": "2025-12-26", "close": 63.66639, "volume": 409258, "typical_volume": 595138.9, "trend": 60.71516, "fair_value": 53.582428, "relative_strength": -6.23514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.513603, "energy": 67.304468, "activity_lines": [ 62.964279, 62.174775, 61.80096, 61.439273 ] }, { "date": "2026-01-02", "close": 63.95215, "volume": 606757, "typical_volume": 600291.3, "trend": 60.917735, "fair_value": 53.698555, "relative_strength": -3.981958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.590909, "energy": 69.737337, "activity_lines": [ 63.370224, 62.561323, 62.027342, 61.648111 ] }, { "date": "2026-01-09", "close": 66.204853, "volume": 815827, "typical_volume": 617362.3, "trend": 61.228194, "fair_value": 53.819327, "relative_strength": -2.583481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.510809, "energy": 82.355038, "activity_lines": [ 64.405102, 63.325913, 62.452152, 61.989216 ] }, { "date": "2026-01-16", "close": 67.303328, "volume": 839834, "typical_volume": 639157.35, "trend": 61.575931, "fair_value": 53.948909, "relative_strength": 0.042088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.364413, "energy": 89.737264, "activity_lines": [ 65.557924, 64.206043, 62.958794, 62.38116 ] }, { "date": "2026-01-23", "close": 66.81374, "volume": 1476918, "typical_volume": 693607.45, "trend": 61.846512, "fair_value": 54.069981, "relative_strength": -0.743578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.396881, "energy": 87.365161, "activity_lines": [ 66.231151, 64.881995, 63.389767, 62.719083 ] }, { "date": "2026-01-30", "close": 66.43406, "volume": 535664, "typical_volume": 687911.25, "trend": 62.072586, "fair_value": 54.193296, "relative_strength": -0.958989, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.07857, "energy": 83.58008, "activity_lines": [ 66.51314, 65.376399, 63.757823, 63.015054 ] }, { "date": "2026-02-06", "close": 66.127718, "volume": 585956, "typical_volume": 688772.35, "trend": 62.299065, "fair_value": 54.312688, "relative_strength": 0.731475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.392344, "energy": 70.195851, "activity_lines": [ 66.508504, 65.683626, 64.073287, 63.276675 ] }, { "date": "2026-02-13", "close": 64.955305, "volume": 590547, "typical_volume": 689342.65, "trend": 62.463853, "fair_value": 54.427219, "relative_strength": 0.359692, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.245072, "energy": 47.003624, "activity_lines": [ 65.968026, 65.704867, 64.25673, 63.448046 ] }, { "date": "2026-02-20", "close": 65.734649, "volume": 327716, "typical_volume": 660433.95, "trend": 62.619374, "fair_value": 54.549463, "relative_strength": 0.523239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.114795, "energy": 36.394569, "activity_lines": [ 65.770632, 65.822831, 64.498377, 63.659065 ] }, { "date": "2026-02-27", "close": 65.296817, "volume": 1066947, "typical_volume": 679006.2, "trend": 62.814507, "fair_value": 54.660306, "relative_strength": 0.263267, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.746022, "energy": 29.745774, "activity_lines": [ 65.531873, 65.80342, 64.68037, 63.831803 ] }, { "date": "2026-03-06", "close": 62.025472, "volume": 674604, "typical_volume": 676663.3, "trend": 62.878366, "fair_value": 54.773689, "relative_strength": -3.35553, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.75595, "energy": 16.061553, "activity_lines": [ 64.303794, 65.144615, 64.528797, 63.780898 ] }, { "date": "2026-03-13", "close": 60.568998, "volume": 729423, "typical_volume": 688934.95, "trend": 62.878393, "fair_value": 54.892185, "relative_strength": -4.441045, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.092205, "energy": 22.39856, "activity_lines": [ 62.884129, 64.250831, 64.234847, 63.631906 ] }, { "date": "2026-03-20", "close": 60.218294, "volume": 419423, "typical_volume": 679091.9, "trend": 62.83834, "fair_value": 55.004138, "relative_strength": -2.870284, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.406893, "energy": 41.775237, "activity_lines": [ 61.718144, 63.354794, 63.915346, 63.460287 ] }, { "date": "2026-03-27", "close": 59.59, "volume": 803662, "typical_volume": 695583.4, "trend": 62.78452, "fair_value": 55.100273, "relative_strength": -0.486994, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.665313, "energy": 51.965269, "activity_lines": [ 60.658529, 62.453369, 63.542468, 63.250716 ] }, { "date": "2026-04-03", "close": 60.99, "volume": 511348, "typical_volume": 682799.15, "trend": 62.777691, "fair_value": 55.213245, "relative_strength": -1.819212, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.189948, "energy": 55.384983, "activity_lines": [ 60.475223, 61.946732, 63.309491, 63.134941 ] }, { "date": "2026-04-10", "close": 62.95, "volume": 309333, "typical_volume": 663625.85, "trend": 62.825473, "fair_value": 55.334659, "relative_strength": -2.799194, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.382002, "energy": 37.764141, "activity_lines": [ 61.232372, 61.902345, 63.261445, 63.146058 ] }, { "date": "2026-04-17", "close": 64.86, "volume": 734635, "typical_volume": 676220.25, "trend": 62.925754, "fair_value": 55.469268, "relative_strength": -5.394138, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 12.253627, "energy": 11.223963, "activity_lines": [ 62.564553, 62.268576, 63.377459, 63.277317 ] }, { "date": "2026-04-24", "close": 65.742373, "volume": 641684, "typical_volume": 667043.85, "trend": 63.064118, "fair_value": 55.609914, "relative_strength": -5.929056, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.549649, "energy": 25.399442, "activity_lines": [ 63.904791, 62.818289, 63.564474, 63.459035 ] }, { "date": "2026-05-01", "close": 66.661428, "volume": 513335, "typical_volume": 656492.05, "trend": 63.220712, "fair_value": 55.756894, "relative_strength": -5.823555, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 56.085081, "energy": 43.586879, "activity_lines": [ 65.183109, 63.520792, 63.823491, 63.691119 ] }, { "date": "2026-05-08", "close": 68.833194, "volume": 456521, "typical_volume": 652469.6, "trend": 63.492649, "fair_value": 55.922933, "relative_strength": -7.535805, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.007846, "energy": 68.404156, "activity_lines": [ 66.71392, 64.601311, 64.269799, 64.053215 ] }, { "date": "2026-05-15", "close": 69.675527, "volume": 361199, "typical_volume": 650066.65, "trend": 63.773309, "fair_value": 56.089235, "relative_strength": -5.871052, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.606371, "energy": 83.288376, "activity_lines": [ 68.002629, 65.770684, 64.767808, 64.45211 ] }, { "date": "2026-05-22", "close": 71.356598, "volume": 388073, "typical_volume": 639132.45, "trend": 64.077947, "fair_value": 56.267138, "relative_strength": -4.550609, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.912086, "energy": 88.572309, "activity_lines": [ 69.403327, 67.106615, 65.397303, 64.941355 ] }, { "date": "2026-05-29", "close": 72.163068, "volume": 300026, "typical_volume": 613342.4, "trend": 64.43089, "fair_value": 56.446342, "relative_strength": -5.96727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.469256, "energy": 90.629061, "activity_lines": [ 70.639742, 68.393038, 66.068346, 65.462975 ] }, { "date": "2026-06-05", "close": 71.375378, "volume": 339722, "typical_volume": 588336.8, "trend": 64.777756, "fair_value": 56.617453, "relative_strength": -2.456261, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.672954, "energy": 86.779903, "activity_lines": [ 71.185547, 69.319067, 66.635998, 65.911007 ] }, { "date": "2026-06-12", "close": 73.486407, "volume": 426874, "typical_volume": 535834.6, "trend": 65.206455, "fair_value": 56.794709, "relative_strength": -1.719752, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.498772, "energy": 90.586761, "activity_lines": [ 72.120765, 70.414639, 67.38531, 66.472855 ] }, { "date": "2026-06-19", "close": 72.73518, "volume": 239824, "typical_volume": 521042.6, "trend": 65.657537, "fair_value": 56.973776, "relative_strength": -5.078168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.86754, "energy": 82.445152, "activity_lines": [ 72.49536, 71.146418, 68.031302, 66.95858 ] }, { "date": "2026-06-26", "close": 73.2306, "volume": 299878, "typical_volume": 506738.7, "trend": 66.027803, "fair_value": 57.145457, "relative_strength": 0.141988, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.061826, "energy": 73.665922, "activity_lines": [ 72.831118, 71.790361, 68.694472, 67.447164 ] }, { "date": "2026-07-03", "close": 72.5069, "volume": 301114, "typical_volume": 492267.05, "trend": 66.361978, "fair_value": 57.316561, "relative_strength": -1.585934, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.802674, "energy": 60.544998, "activity_lines": [ 72.800709, 72.150529, 69.254894, 67.86517 ] }, { "date": "2026-07-10", "close": 72.9993, "volume": 354651, "typical_volume": 493613.8, "trend": 66.710044, "fair_value": 57.48092, "relative_strength": -2.556771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.05588, "energy": 55.875271, "activity_lines": [ 72.911511, 72.477233, 69.826252, 68.293385 ] }, { "date": "2026-07-17", "close": 69.6796, "volume": 285898, "typical_volume": 454561.35, "trend": 66.937911, "fair_value": 57.6233, "relative_strength": -2.822389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.117354, "energy": 38.89598, "activity_lines": [ 71.807485, 72.085121, 70.046854, 68.484969 ] }, { "date": "2026-07-24", "close": 69.448, "volume": 308003, "typical_volume": 436231.3, "trend": 67.130631, "fair_value": 57.759802, "relative_strength": -1.450564, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.441445, "energy": 25.632423, "activity_lines": [ 70.880047, 71.635511, 70.224529, 68.64691 ] }, { "date": "2026-07-31", "close": 69.5178, "volume": 254356, "typical_volume": 412477.95, "trend": 67.316153, "fair_value": 57.903557, "relative_strength": -1.76828, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.360297, "energy": 23.634503, "activity_lines": [ 70.19502, 71.202728, 70.373506, 68.800921 ] }, { "date": "2026-08-07", "close": 72.58, "volume": 376728, "typical_volume": 410343.2, "trend": 67.528658, "fair_value": 58.072111, "relative_strength": -2.327114, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.416079, "energy": 26.329174, "activity_lines": [ 70.778247, 71.360142, 70.771507, 69.140524 ] } ], "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." } } }