{ "ticker": { "uuid": "4d0ae63c-e7d3-455c-b719-f32adc24bdb3", "symbol": "DLR", "name": "Global X U.S. Dollar Currency ETF", "exchange": "TOR", "country": "CA", "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": "^GSPTSE", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 76.005, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 43.873, "architecture_energy": 29.793, "architecture_maturity": 69.757, "architecture_confidence": 63.546, "architecture_tenure": "Developing", "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": 24.16, "rotation_up": 32.43, "upward_expansion": 68.03, "deceleration": 85.45, "rotation_down": 27.61, "downward_expansion": 18.03 }, "activity_lines": [ 14.181333, 14.216899, 14.121528, 14.061044 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 14.12, "trend_reference": 13.987684, "distance_from_trend": 0.009459, "trend_direction": "Improving", "fair_value": 13.493351, "distance_from_fair_value": 0.046441, "fair_value_direction": "Improving", "relative_strength": -10.311926, "relative_strength_direction": "Improving", "price_momentum": 0.022544, "excess_performance": -0.097877, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.009459, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.005634, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.046441, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.0147, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.103119, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.017267, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.022544, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.741995, "read": "Supply-led" } ], "volume": { "latest": 5525400, "relative_activity": 1.054578, "balance": 0.741995, "dry_up": 1.091624, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.007998, "annualized_volatility": 0.051377, "from_high_reference": -0.017397, "from_low_reference": 0.036736 }, "levels": { "trend_reference": 13.987684, "fair_value_reference": 13.493351, "structural_low": 13.62126, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 35, "median_return": 0.002801, "positive_rate": 0.542857, "directional_follow_through": 0.542857, "median_excess_return": -0.016192, "regime_survival": 0.685714, "best_return": 0.044106, "worst_return": -0.033071, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.002486, "positive_rate": 0.538462, "directional_follow_through": 0.538462, "median_excess_return": -0.010765, "regime_survival": 0.461538, "best_return": 0.057089, "worst_return": -0.03636, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.018653, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.021732, "regime_survival": 0.142857, "best_return": 0.03894, "worst_return": -0.01325, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.048726, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.051811, "regime_survival": 0.75, "best_return": 0.055031, "worst_return": 0.044427, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-02", "end": "2025-05-30", "tenure": "Developing", "return": -0.003546, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-06", "end": "2025-08-08", "tenure": "Developing", "return": 0.010679, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-15", "end": "2025-09-05", "tenure": "New", "return": 0.005658, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-12", "end": "2025-10-10", "tenure": "Developing", "return": 0.014356, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-12-12", "tenure": "Developing", "return": -0.013305, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-02-13", "tenure": "Developing", "return": -0.009661, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": -0.002874, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": 0.009386, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-27", "end": "2026-04-03", "tenure": "New", "return": 0.000905, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-10", "end": "2026-04-17", "tenure": "New", "return": -0.009986, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": -0.007942, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": 0.003576, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-19", "tenure": "New", "return": 0.016901, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.013567, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 12.520416, "volume": 2157200, "typical_volume": 2167600.0, "trend": 12.292865, "fair_value": 11.639724, "relative_strength": 2.968393, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 45.262183, "energy": 47.253305, "activity_lines": [ 12.393528, 12.306134, 12.283679, 12.295435 ] }, { "date": "2023-08-25", "close": 12.583558, "volume": 3179200, "typical_volume": 2261075.0, "trend": 12.310552, "fair_value": 11.645115, "relative_strength": 3.243078, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.476536, "energy": 73.84916, "activity_lines": [ 12.477117, 12.367585, 12.312242, 12.31419 ] }, { "date": "2023-09-01", "close": 12.592578, "volume": 2545500, "typical_volume": 2252615.0, "trend": 12.325583, "fair_value": 11.650848, "relative_strength": -0.261015, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.79627, "energy": 82.362599, "activity_lines": [ 12.53605, 12.42201, 12.34029, 12.332385 ] }, { "date": "2023-09-08", "close": 12.646702, "volume": 2381900, "typical_volume": 2290795.0, "trend": 12.343896, "fair_value": 11.65619, "relative_strength": 2.384802, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.751173, "energy": 86.376468, "activity_lines": [ 12.587167, 12.477609, 12.371563, 12.353102 ] }, { "date": "2023-09-15", "close": 12.538456, "volume": 1839200, "typical_volume": 2271750.0, "trend": 12.354167, "fair_value": 11.660723, "relative_strength": -1.171403, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.228665, "energy": 79.4446, "activity_lines": [ 12.582957, 12.504998, 12.39115, 12.365654 ] }, { "date": "2023-09-22", "close": 12.520416, "volume": 2363100, "typical_volume": 2267495.0, "trend": 12.359697, "fair_value": 11.664061, "relative_strength": 2.972231, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.019007, "energy": 64.965274, "activity_lines": [ 12.564315, 12.523203, 12.408242, 12.37638 ] }, { "date": "2023-09-29", "close": 12.614798, "volume": 2021200, "typical_volume": 2265695.0, "trend": 12.368669, "fair_value": 11.668515, "relative_strength": 5.100355, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.241859, "energy": 53.687739, "activity_lines": [ 12.577134, 12.552337, 12.432993, 12.392838 ] }, { "date": "2023-10-06", "close": 12.705683, "volume": 2533100, "typical_volume": 2297025.0, "trend": 12.372984, "fair_value": 11.674575, "relative_strength": 7.490475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.904442, "energy": 56.368018, "activity_lines": [ 12.618165, 12.589882, 12.465346, 12.414581 ] }, { "date": "2023-10-13", "close": 12.705683, "volume": 1436500, "typical_volume": 2259265.0, "trend": 12.37996, "fair_value": 11.680238, "relative_strength": 6.381874, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.262141, "energy": 60.586167, "activity_lines": [ 12.651655, 12.618318, 12.49604, 12.436046 ] }, { "date": "2023-10-20", "close": 12.769303, "volume": 2507400, "typical_volume": 2267780.0, "trend": 12.388761, "fair_value": 11.686649, "relative_strength": 8.79034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.718821, "energy": 79.294221, "activity_lines": [ 12.702421, 12.652001, 12.531647, 12.461164 ] }, { "date": "2023-10-27", "close": 12.923806, "volume": 2355100, "typical_volume": 2275175.0, "trend": 12.409129, "fair_value": 11.69297, "relative_strength": 12.111149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.117178, "energy": 90.613507, "activity_lines": [ 12.789297, 12.707283, 12.579751, 12.495683 ] }, { "date": "2023-11-03", "close": 12.742037, "volume": 2373700, "typical_volume": 2242460.0, "trend": 12.424035, "fair_value": 11.699718, "relative_strength": 4.403226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.246705, "energy": 77.60483, "activity_lines": [ 12.788691, 12.722181, 12.607294, 12.517161 ] }, { "date": "2023-11-10", "close": 12.887453, "volume": 2059700, "typical_volume": 2256520.0, "trend": 12.447367, "fair_value": 11.706887, "relative_strength": 6.302427, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.263079, "energy": 76.774262, "activity_lines": [ 12.828075, 12.760636, 12.645661, 12.547059 ] }, { "date": "2023-11-17", "close": 12.814745, "volume": 1410300, "typical_volume": 2235770.0, "trend": 12.462609, "fair_value": 11.713874, "relative_strength": 2.867728, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.018407, "energy": 58.771132, "activity_lines": [ 12.831104, 12.780511, 12.67343, 12.570761 ] }, { "date": "2023-11-24", "close": 12.742037, "volume": 1687100, "typical_volume": 2256710.0, "trend": 12.47483, "fair_value": 11.720963, "relative_strength": 2.515396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.003356, "energy": 47.685898, "activity_lines": [ 12.802627, 12.784111, 12.691241, 12.588789 ] }, { "date": "2023-12-01", "close": 12.623889, "volume": 1775100, "typical_volume": 2219720.0, "trend": 12.487587, "fair_value": 11.728489, "relative_strength": -0.249641, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.560659, "energy": 33.070797, "activity_lines": [ 12.736585, 12.762528, 12.695284, 12.598405 ] }, { "date": "2023-12-08", "close": 12.723861, "volume": 1778900, "typical_volume": 2172120.0, "trend": 12.498606, "fair_value": 11.736769, "relative_strength": 1.111967, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.309879, "energy": 22.643544, "activity_lines": [ 12.723861, 12.75724, 12.706722, 12.613649 ] }, { "date": "2023-12-15", "close": 12.533004, "volume": 2211400, "typical_volume": 2159445.0, "trend": 12.504456, "fair_value": 11.743712, "relative_strength": -1.288806, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.767241, "energy": 18.768054, "activity_lines": [ 12.64873, 12.715268, 12.69734, 12.615868 ] }, { "date": "2023-12-22", "close": 12.442117, "volume": 2666700, "typical_volume": 2158735.0, "trend": 12.503697, "fair_value": 11.749902, "relative_strength": -3.556408, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.91926, "energy": 24.841548, "activity_lines": [ 12.566933, 12.659911, 12.677739, 12.611846 ] }, { "date": "2023-12-29", "close": 12.440925, "volume": 2151600, "typical_volume": 2171695.0, "trend": 12.508267, "fair_value": 11.756653, "relative_strength": -3.8105, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.423673, "energy": 28.557003, "activity_lines": [ 12.509581, 12.609129, 12.657623, 12.607796 ] }, { "date": "2024-01-05", "close": 12.561983, "volume": 1885300, "typical_volume": 2158100.0, "trend": 12.518961, "fair_value": 11.764294, "relative_strength": -2.73925, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.7147, "energy": 32.663319, "activity_lines": [ 12.512656, 12.586328, 12.648901, 12.611262 ] }, { "date": "2024-01-12", "close": 12.599232, "volume": 2944600, "typical_volume": 2146370.0, "trend": 12.53537, "fair_value": 11.772003, "relative_strength": -2.712409, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.522676, "energy": 30.806948, "activity_lines": [ 12.532274, 12.576879, 12.643527, 12.616441 ] }, { "date": "2024-01-19", "close": 12.645793, "volume": 2120200, "typical_volume": 2125105.0, "trend": 12.553033, "fair_value": 11.780067, "relative_strength": -2.005996, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.436119, "energy": 11.147598, "activity_lines": [ 12.575721, 12.578491, 12.642514, 12.623565 ] }, { "date": "2024-01-26", "close": 12.655105, "volume": 2653000, "typical_volume": 2138660.0, "trend": 12.568949, "fair_value": 11.78785, "relative_strength": -3.00148, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.063592, "energy": 17.429005, "activity_lines": [ 12.614752, 12.58619, 12.642134, 12.63015 ] }, { "date": "2024-02-02", "close": 12.673727, "volume": 2603400, "typical_volume": 2176870.0, "trend": 12.584283, "fair_value": 11.795866, "relative_strength": -2.722514, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 36.514412, "energy": 24.488629, "activity_lines": [ 12.645792, 12.600178, 12.643487, 12.63691 ] }, { "date": "2024-02-09", "close": 12.692354, "volume": 2759000, "typical_volume": 2196665.0, "trend": 12.60144, "fair_value": 11.804399, "relative_strength": -2.281819, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 42.018807, "energy": 29.156988, "activity_lines": [ 12.667521, 12.618795, 12.64597, 12.643882 ] }, { "date": "2024-02-16", "close": 12.738912, "volume": 2900200, "typical_volume": 2240615.0, "trend": 12.62045, "fair_value": 11.813628, "relative_strength": -3.067982, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.619488, "energy": 29.650027, "activity_lines": [ 12.696077, 12.644631, 12.652069, 12.652751 ] }, { "date": "2024-02-23", "close": 12.757536, "volume": 2253700, "typical_volume": 2226645.0, "trend": 12.638878, "fair_value": 11.822409, "relative_strength": -3.595, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.518848, "energy": 41.562387, "activity_lines": [ 12.72153, 12.673581, 12.65935, 12.661596 ] }, { "date": "2024-03-01", "close": 12.822721, "volume": 3586100, "typical_volume": 2334125.0, "trend": 12.654367, "fair_value": 11.832005, "relative_strength": -3.713622, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 62.451377, "energy": 58.057768, "activity_lines": [ 12.761261, 12.710299, 12.672593, 12.673457 ] }, { "date": "2024-03-08", "close": 12.766849, "volume": 4301100, "typical_volume": 2423810.0, "trend": 12.666189, "fair_value": 11.842324, "relative_strength": -4.805358, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.773471, "energy": 52.449587, "activity_lines": [ 12.771194, 12.729939, 12.679957, 12.680714 ] }, { "date": "2024-03-15", "close": 12.832034, "volume": 3160500, "typical_volume": 2464080.0, "trend": 12.676577, "fair_value": 11.852832, "relative_strength": -4.638279, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.626207, "energy": 65.48645, "activity_lines": [ 12.796648, 12.755505, 12.69354, 12.691413 ] }, { "date": "2024-03-22", "close": 12.90653, "volume": 2967700, "typical_volume": 2493780.0, "trend": 12.687342, "fair_value": 11.863478, "relative_strength": -4.511727, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.326096, "energy": 74.077874, "activity_lines": [ 12.837621, 12.789706, 12.714656, 12.706249 ] }, { "date": "2024-03-29", "close": 12.8496, "volume": 3081300, "typical_volume": 2544860.0, "trend": 12.69591, "fair_value": 11.873872, "relative_strength": -5.620182, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.960185, "energy": 65.595738, "activity_lines": [ 12.848443, 12.807968, 12.729566, 12.716717 ] }, { "date": "2024-04-05", "close": 12.896461, "volume": 2626700, "typical_volume": 2605680.0, "trend": 12.704235, "fair_value": 11.88468, "relative_strength": -5.603145, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.195915, "energy": 69.127837, "activity_lines": [ 12.868747, 12.831045, 12.74912, 12.729656 ] }, { "date": "2024-04-12", "close": 13.093282, "volume": 3026800, "typical_volume": 2672665.0, "trend": 12.722729, "fair_value": 11.89692, "relative_strength": -2.585117, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.519864, "energy": 82.893286, "activity_lines": [ 12.949743, 12.88552, 12.787029, 12.754756 ] }, { "date": "2024-04-19", "close": 13.074537, "volume": 2994400, "typical_volume": 2733630.0, "trend": 12.7412, "fair_value": 11.909211, "relative_strength": -2.318776, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.031997, "energy": 84.322533, "activity_lines": [ 13.002728, 12.928958, 12.821481, 12.777453 ] }, { "date": "2024-04-26", "close": 13.008929, "volume": 2835500, "typical_volume": 2786460.0, "trend": 12.754338, "fair_value": 11.922161, "relative_strength": -3.501933, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.314146, "energy": 79.285253, "activity_lines": [ 13.017677, 12.953518, 12.847538, 12.794726 ] }, { "date": "2024-05-03", "close": 13.037048, "volume": 2931700, "typical_volume": 2822475.0, "trend": 12.765383, "fair_value": 11.936144, "relative_strength": -3.191546, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.678656, "energy": 78.671247, "activity_lines": [ 13.035173, 12.978282, 12.874916, 12.812965 ] }, { "date": "2024-05-10", "close": 13.027674, "volume": 2672100, "typical_volume": 2822745.0, "trend": 12.776116, "fair_value": 11.950238, "relative_strength": -4.760193, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.318336, "energy": 60.704752, "activity_lines": [ 13.037047, 12.996259, 12.899001, 12.829887 ] }, { "date": "2024-05-17", "close": 12.990186, "volume": 2985400, "typical_volume": 2864435.0, "trend": 12.783479, "fair_value": 11.964376, "relative_strength": -5.610002, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.585148, "energy": 48.798323, "activity_lines": [ 13.017678, 13.003694, 12.916727, 12.843698 ] }, { "date": "2024-05-24", "close": 13.046419, "volume": 2537700, "typical_volume": 2897055.0, "trend": 12.787566, "fair_value": 11.97876, "relative_strength": -4.464002, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.869385, "energy": 46.995416, "activity_lines": [ 13.023926, 13.017293, 12.937193, 12.860662 ] }, { "date": "2024-05-31", "close": 13.018303, "volume": 3563600, "typical_volume": 2928005.0, "trend": 12.796775, "fair_value": 11.992965, "relative_strength": -4.358418, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.182041, "energy": 40.529965, "activity_lines": [ 13.022676, 13.021881, 12.952675, 12.875548 ] }, { "date": "2024-06-07", "close": 13.149516, "volume": 4044000, "typical_volume": 3024195.0, "trend": 12.80551, "fair_value": 12.007555, "relative_strength": -2.188906, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.787038, "energy": 51.104962, "activity_lines": [ 13.06454, 13.048294, 12.978657, 12.898306 ] }, { "date": "2024-06-14", "close": 13.149516, "volume": 2950000, "typical_volume": 3039045.0, "trend": 12.816669, "fair_value": 12.020611, "relative_strength": -0.530906, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.787411, "energy": 53.809721, "activity_lines": [ 13.098905, 13.069254, 13.002241, 12.9205 ] }, { "date": "2024-06-21", "close": 13.1214, "volume": 3296500, "typical_volume": 3073700.0, "trend": 12.829315, "fair_value": 12.034225, "relative_strength": -0.308159, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.776131, "energy": 58.370977, "activity_lines": [ 13.115776, 13.080501, 13.020793, 12.94016 ] }, { "date": "2024-06-28", "close": 13.111952, "volume": 3208300, "typical_volume": 3096165.0, "trend": 12.845584, "fair_value": 12.047666, "relative_strength": -1.82642, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.155548, "energy": 55.995011, "activity_lines": [ 13.12075, 13.089519, 13.036313, 12.958394 ] }, { "date": "2024-07-05", "close": 13.074165, "volume": 2465000, "typical_volume": 3074405.0, "trend": 12.85726, "fair_value": 12.060181, "relative_strength": -2.851332, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.248011, "energy": 43.980328, "activity_lines": [ 13.108759, 13.090987, 13.046236, 12.973142 ] }, { "date": "2024-07-12", "close": 13.083613, "volume": 2493600, "typical_volume": 3086400.0, "trend": 12.875614, "fair_value": 12.071848, "relative_strength": -5.344472, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.085575, "energy": 38.800065, "activity_lines": [ 13.096193, 13.092986, 13.055463, 12.987745 ] }, { "date": "2024-07-19", "close": 13.196973, "volume": 2712200, "typical_volume": 3042705.0, "trend": 12.900776, "fair_value": 12.084469, "relative_strength": -4.563526, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.73112, "energy": 46.872482, "activity_lines": [ 13.125808, 13.114749, 13.073933, 13.008478 ] }, { "date": "2024-07-26", "close": 13.300886, "volume": 4125800, "typical_volume": 3033940.0, "trend": 12.929441, "fair_value": 12.098267, "relative_strength": -4.300917, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.470724, "energy": 63.501936, "activity_lines": [ 13.186896, 13.152328, 13.100517, 13.034291 ] }, { "date": "2024-08-02", "close": 13.338674, "volume": 2039600, "typical_volume": 2977895.0, "trend": 12.955331, "fair_value": 12.111853, "relative_strength": -1.460731, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.83363, "energy": 84.627117, "activity_lines": [ 13.248615, 13.191128, 13.128158, 13.060694 ] }, { "date": "2024-08-09", "close": 13.225313, "volume": 2726400, "typical_volume": 2965830.0, "trend": 12.9762, "fair_value": 12.12494, "relative_strength": -2.617202, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.202161, "energy": 77.466678, "activity_lines": [ 13.257432, 13.204003, 13.142589, 13.078112 ] }, { "date": "2024-08-16", "close": 13.187525, "volume": 1909100, "typical_volume": 2907220.0, "trend": 12.994258, "fair_value": 12.136022, "relative_strength": -5.848463, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.908956, "energy": 68.331543, "activity_lines": [ 13.243576, 13.206244, 13.151904, 13.091746 ] }, { "date": "2024-08-23", "close": 13.036381, "volume": 2719700, "typical_volume": 2911870.0, "trend": 13.006967, "fair_value": 12.147329, "relative_strength": -7.63487, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.436591, "energy": 25.977821, "activity_lines": [ 13.172412, 13.180313, 13.145214, 13.094463 ] }, { "date": "2024-08-30", "close": 13.00804, "volume": 2114100, "typical_volume": 2866235.0, "trend": 13.018111, "fair_value": 12.159023, "relative_strength": -7.91008, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.283202, "energy": 17.364929, "activity_lines": [ 13.102507, 13.151286, 13.13516, 13.094532 ] }, { "date": "2024-09-06", "close": 13.102505, "volume": 2344300, "typical_volume": 2833730.0, "trend": 13.031783, "fair_value": 12.170413, "relative_strength": -4.77565, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.583499, "energy": 26.430604, "activity_lines": [ 13.083613, 13.141495, 13.134507, 13.099977 ] }, { "date": "2024-09-13", "close": 13.140293, "volume": 1960500, "typical_volume": 2789980.0, "trend": 13.045162, "fair_value": 12.181703, "relative_strength": -7.542524, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.675527, "energy": 25.421177, "activity_lines": [ 13.093059, 13.138747, 13.137321, 13.106978 ] }, { "date": "2024-09-20", "close": 13.111952, "volume": 2567900, "typical_volume": 2771790.0, "trend": 13.056976, "fair_value": 12.193267, "relative_strength": -8.652959, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.558416, "energy": 16.063369, "activity_lines": [ 13.098727, 13.129644, 13.13681, 13.111287 ] }, { "date": "2024-09-27", "close": 13.083992, "volume": 3605000, "typical_volume": 2818435.0, "trend": 13.065685, "fair_value": 12.204766, "relative_strength": -8.898354, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.476627, "energy": 7.449041, "activity_lines": [ 13.100113, 13.114942, 13.133279, 13.11303 ] }, { "date": "2024-10-04", "close": 13.15065, "volume": 2425900, "typical_volume": 2790460.0, "trend": 13.078478, "fair_value": 12.217658, "relative_strength": -8.876031, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.053786, "energy": 14.85893, "activity_lines": [ 13.120544, 13.114413, 13.135829, 13.118512 ] }, { "date": "2024-10-11", "close": 13.33158, "volume": 2974000, "typical_volume": 2812275.0, "trend": 13.09513, "fair_value": 12.232279, "relative_strength": -8.468137, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 62.446069, "energy": 39.208413, "activity_lines": [ 13.191778, 13.149513, 13.154845, 13.134841 ] }, { "date": "2024-10-18", "close": 13.388713, "volume": 3292000, "typical_volume": 2798695.0, "trend": 13.111203, "fair_value": 12.247323, "relative_strength": -8.998633, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.47124, "energy": 74.21563, "activity_lines": [ 13.266785, 13.195129, 13.177946, 13.153782 ] }, { "date": "2024-10-25", "close": 13.483939, "volume": 3600700, "typical_volume": 2776530.0, "trend": 13.132347, "fair_value": 12.26292, "relative_strength": -6.587293, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.508031, "energy": 88.7448, "activity_lines": [ 13.356972, 13.255088, 13.208351, 13.177829 ] }, { "date": "2024-11-01", "close": 13.56012, "volume": 3846000, "typical_volume": 2821330.0, "trend": 13.154469, "fair_value": 12.278608, "relative_strength": -4.992937, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.048565, "energy": 95.199322, "activity_lines": [ 13.447754, 13.323509, 13.244419, 13.205427 ] }, { "date": "2024-11-08", "close": 13.522029, "volume": 4195300, "typical_volume": 2866270.0, "trend": 13.168761, "fair_value": 12.293539, "relative_strength": -6.855595, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.108552, "energy": 91.073021, "activity_lines": [ 13.494097, 13.375482, 13.274905, 13.229141 ] }, { "date": "2024-11-15", "close": 13.693436, "volume": 4487200, "typical_volume": 2930215.0, "trend": 13.189391, "fair_value": 12.308945, "relative_strength": -5.910106, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.791163, "energy": 96.175396, "activity_lines": [ 13.572816, 13.449275, 13.319807, 13.262991 ] }, { "date": "2024-11-22", "close": 13.607733, "volume": 4028500, "typical_volume": 3008390.0, "trend": 13.209351, "fair_value": 12.323061, "relative_strength": -8.234435, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.454526, "energy": 88.812573, "activity_lines": [ 13.598845, 13.496741, 13.353777, 13.289981 ] }, { "date": "2024-11-29", "close": 13.626779, "volume": 3271100, "typical_volume": 3047265.0, "trend": 13.229009, "fair_value": 12.336959, "relative_strength": -8.576636, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.136053, "energy": 76.202451, "activity_lines": [ 13.616621, 13.53917, 13.387021, 13.316911 ] }, { "date": "2024-12-06", "close": 13.788661, "volume": 4470000, "typical_volume": 3135155.0, "trend": 13.254375, "fair_value": 12.352577, "relative_strength": -7.375094, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.946062, "energy": 77.054453, "activity_lines": [ 13.678835, 13.601673, 13.433096, 13.353018 ] }, { "date": "2024-12-13", "close": 13.874363, "volume": 4196400, "typical_volume": 3138685.0, "trend": 13.283847, "fair_value": 12.367834, "relative_strength": -5.06592, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.52232, "energy": 77.346701, "activity_lines": [ 13.75438, 13.666946, 13.484516, 13.393017 ] }, { "date": "2024-12-20", "close": 14.017204, "volume": 6453700, "typical_volume": 3359390.0, "trend": 13.316207, "fair_value": 12.384405, "relative_strength": -1.372149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.79692, "energy": 84.291486, "activity_lines": [ 13.85405, 13.745031, 13.546808, 13.440331 ] }, { "date": "2024-12-27", "close": 14.074338, "volume": 2203300, "typical_volume": 3333235.0, "trend": 13.351408, "fair_value": 12.402309, "relative_strength": -1.671395, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.531627, "energy": 94.371619, "activity_lines": [ 13.95118, 13.821038, 13.611311, 13.489242 ] }, { "date": "2025-01-03", "close": 14.114551, "volume": 3024300, "typical_volume": 3388995.0, "trend": 13.383576, "fair_value": 12.420527, "relative_strength": -2.359731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.614894, "energy": 93.105588, "activity_lines": [ 14.030607, 13.891891, 13.6756, 13.538477 ] }, { "date": "2025-01-10", "close": 14.095295, "volume": 4829200, "typical_volume": 3494470.0, "trend": 13.415102, "fair_value": 12.439077, "relative_strength": -1.186392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.253178, "energy": 89.63219, "activity_lines": [ 14.071098, 13.947777, 13.733641, 13.584395 ] }, { "date": "2025-01-17", "close": 14.153063, "volume": 5301500, "typical_volume": 3653840.0, "trend": 13.449491, "fair_value": 12.45794, "relative_strength": -1.837568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.971321, "energy": 86.064467, "activity_lines": [ 14.110402, 14.004436, 13.792142, 13.632005 ] }, { "date": "2025-01-24", "close": 14.037526, "volume": 5138400, "typical_volume": 3793545.0, "trend": 13.480343, "fair_value": 12.474869, "relative_strength": -4.016669, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.568807, "energy": 66.596488, "activity_lines": [ 14.092614, 14.028615, 13.834186, 13.669943 ] }, { "date": "2025-01-31", "close": 14.230085, "volume": 8907700, "typical_volume": 4140905.0, "trend": 13.518874, "fair_value": 12.493146, "relative_strength": -2.803768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.282683, "energy": 69.888917, "activity_lines": [ 14.137657, 14.081548, 13.890117, 13.718313 ] }, { "date": "2025-02-07", "close": 13.989388, "volume": 9401400, "typical_volume": 4482580.0, "trend": 13.549066, "fair_value": 12.509993, "relative_strength": -3.934154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.950601, "energy": 56.365312, "activity_lines": [ 14.092085, 14.079403, 13.917935, 13.748669 ] }, { "date": "2025-02-14", "close": 13.893107, "volume": 5546100, "typical_volume": 4579635.0, "trend": 13.572271, "fair_value": 12.526167, "relative_strength": -4.572624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.927895, "energy": 40.521254, "activity_lines": [ 14.022764, 14.053159, 13.932405, 13.770865 ] }, { "date": "2025-02-21", "close": 13.950875, "volume": 3043600, "typical_volume": 4610520.0, "trend": 13.593937, "fair_value": 12.542995, "relative_strength": -2.760506, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.496706, "energy": 33.610017, "activity_lines": [ 13.986178, 14.03552, 13.948523, 13.795291 ] }, { "date": "2025-02-28", "close": 14.201201, "volume": 4814700, "typical_volume": 4702555.0, "trend": 13.622688, "fair_value": 12.561314, "relative_strength": -1.858429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.130783, "energy": 35.965267, "activity_lines": [ 14.046512, 14.062003, 13.984672, 13.83447 ] }, { "date": "2025-03-07", "close": 14.114551, "volume": 6270900, "typical_volume": 4851500.0, "trend": 13.652329, "fair_value": 12.578964, "relative_strength": 0.101518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.942697, "energy": 33.694164, "activity_lines": [ 14.067052, 14.069386, 14.008427, 13.866203 ] }, { "date": "2025-03-14", "close": 14.114551, "volume": 4308000, "typical_volume": 4886865.0, "trend": 13.68323, "fair_value": 12.597466, "relative_strength": 0.981362, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.582595, "energy": 40.974411, "activity_lines": [ 14.095295, 14.076039, 14.028726, 13.896024 ] }, { "date": "2025-03-21", "close": 14.104921, "volume": 3535800, "typical_volume": 4871355.0, "trend": 13.718848, "fair_value": 12.616589, "relative_strength": -0.6908, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.094711, "energy": 43.015253, "activity_lines": [ 14.111983, 14.08094, 14.045105, 13.923229 ] }, { "date": "2025-03-28", "close": 14.085666, "volume": 4549100, "typical_volume": 4889045.0, "trend": 13.754769, "fair_value": 12.635362, "relative_strength": 0.048405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.965764, "energy": 36.526435, "activity_lines": [ 14.108131, 14.082165, 14.057056, 13.946895 ] }, { "date": "2025-04-04", "close": 14.005498, "volume": 4493900, "typical_volume": 4889380.0, "trend": 13.784869, "fair_value": 12.653279, "relative_strength": 6.106083, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.601287, "energy": 23.620701, "activity_lines": [ 14.068571, 14.07004, 14.058688, 13.963071 ] }, { "date": "2025-04-11", "close": 13.677093, "volume": 6575900, "typical_volume": 5016750.0, "trend": 13.802762, "fair_value": 12.668864, "relative_strength": 1.948076, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.368571, "energy": 12.278129, "activity_lines": [ 13.93259, 13.998787, 14.027557, 13.956118 ] }, { "date": "2025-04-18", "close": 13.638456, "volume": 5169100, "typical_volume": 5111650.0, "trend": 13.820312, "fair_value": 12.683632, "relative_strength": -0.762037, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.16175, "energy": 32.691853, "activity_lines": [ 13.812893, 13.930563, 13.992416, 13.945518 ] }, { "date": "2025-04-25", "close": 13.657774, "volume": 4979400, "typical_volume": 5137120.0, "trend": 13.839438, "fair_value": 12.697786, "relative_strength": -2.573455, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.858488, "energy": 46.196025, "activity_lines": [ 13.731376, 13.872233, 13.959059, 13.935031 ] }, { "date": "2025-05-02", "close": 13.61914, "volume": 5475600, "typical_volume": 5201080.0, "trend": 13.855055, "fair_value": 12.711464, "relative_strength": -3.932287, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.408353, "energy": 61.583727, "activity_lines": [ 13.66679, 13.811157, 13.922646, 13.920818 ] }, { "date": "2025-05-09", "close": 13.754365, "volume": 3883900, "typical_volume": 5072590.0, "trend": 13.869147, "fair_value": 12.725838, "relative_strength": -4.091178, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.340911, "energy": 61.571237, "activity_lines": [ 13.678381, 13.780699, 13.900327, 13.914322 ] }, { "date": "2025-05-16", "close": 13.812318, "volume": 3449500, "typical_volume": 5134900.0, "trend": 13.883268, "fair_value": 12.741039, "relative_strength": -5.816105, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.238426, "energy": 42.963917, "activity_lines": [ 13.726032, 13.768902, 13.884779, 13.910656 ] }, { "date": "2025-05-23", "close": 13.570844, "volume": 3498000, "typical_volume": 5158585.0, "trend": 13.886164, "fair_value": 12.755317, "relative_strength": -6.943546, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.696435, "energy": 37.580332, "activity_lines": [ 13.684176, 13.718695, 13.847482, 13.8905 ] }, { "date": "2025-05-30", "close": 13.570844, "volume": 4581100, "typical_volume": 5146180.0, "trend": 13.886522, "fair_value": 12.770335, "relative_strength": -7.784566, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.485005, "energy": 46.421507, "activity_lines": [ 13.646828, 13.678375, 13.812773, 13.870156 ] }, { "date": "2025-06-06", "close": 13.561185, "volume": 4048200, "typical_volume": 5083515.0, "trend": 13.887827, "fair_value": 12.784267, "relative_strength": -8.47159, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.052328, "energy": 57.243283, "activity_lines": [ 13.612056, 13.646008, 13.779641, 13.849167 ] }, { "date": "2025-06-13", "close": 13.454937, "volume": 3487100, "typical_volume": 5000950.0, "trend": 13.879877, "fair_value": 12.79604, "relative_strength": -9.134914, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.828618, "energy": 77.850759, "activity_lines": [ 13.545731, 13.60386, 13.73921, 13.821238 ] }, { "date": "2025-06-20", "close": 13.60948, "volume": 3825300, "typical_volume": 4746830.0, "trend": 13.879935, "fair_value": 12.809542, "relative_strength": -7.765624, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.675832, "energy": 64.85126, "activity_lines": [ 13.550882, 13.599821, 13.716271, 13.803793 ] }, { "date": "2025-06-27", "close": 13.59016, "volume": 4958300, "typical_volume": 4524675.0, "trend": 13.878715, "fair_value": 12.823035, "relative_strength": -8.28256, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.569374, "energy": 47.279503, "activity_lines": [ 13.563116, 13.593498, 13.694447, 13.785098 ] }, { "date": "2025-07-04", "close": 13.511313, "volume": 3396000, "typical_volume": 4417170.0, "trend": 13.86947, "fair_value": 12.83551, "relative_strength": -9.73199, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.318367, "energy": 48.606986, "activity_lines": [ 13.54778, 13.573718, 13.667015, 13.761395 ] }, { "date": "2025-07-11", "close": 13.589189, "volume": 3997500, "typical_volume": 4464865.0, "trend": 13.859964, "fair_value": 12.848086, "relative_strength": -8.884092, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.405831, "energy": 41.05455, "activity_lines": [ 13.562372, 13.57076, 13.648818, 13.743312 ] }, { "date": "2025-07-18", "close": 13.637861, "volume": 3946100, "typical_volume": 4421435.0, "trend": 13.847319, "fair_value": 12.8616, "relative_strength": -9.270732, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.657173, "energy": 32.793353, "activity_lines": [ 13.59132, 13.577196, 13.636979, 13.728983 ] }, { "date": "2025-07-25", "close": 13.628127, "volume": 4378900, "typical_volume": 4326835.0, "trend": 13.832445, "fair_value": 12.87562, "relative_strength": -9.654678, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.816729, "energy": 28.217059, "activity_lines": [ 13.604829, 13.58398, 13.626895, 13.714842 ] }, { "date": "2025-08-01", "close": 13.725471, "volume": 4300000, "typical_volume": 4326435.0, "trend": 13.819476, "fair_value": 12.889525, "relative_strength": -7.113212, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.400743, "energy": 18.251804, "activity_lines": [ 13.649542, 13.611812, 13.628398, 13.70794 ] }, { "date": "2025-08-08", "close": 13.706001, "volume": 3074500, "typical_volume": 4303370.0, "trend": 13.8065, "fair_value": 12.904215, "relative_strength": -9.396534, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.763327, "energy": 16.208291, "activity_lines": [ 13.678745, 13.633293, 13.6299, 13.700619 ] }, { "date": "2025-08-15", "close": 13.764407, "volume": 3972300, "typical_volume": 4274530.0, "trend": 13.793544, "fair_value": 12.917972, "relative_strength": -9.23684, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.632736, "energy": 16.000926, "activity_lines": [ 13.714438, 13.662936, 13.638864, 13.697903 ] }, { "date": "2025-08-22", "close": 13.793611, "volume": 3855800, "typical_volume": 4242625.0, "trend": 13.785414, "fair_value": 12.931631, "relative_strength": -10.184954, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.597016, "energy": 24.867672, "activity_lines": [ 13.748184, 13.694193, 13.652139, 13.697908 ] }, { "date": "2025-08-29", "close": 13.715735, "volume": 3801500, "typical_volume": 4103905.0, "trend": 13.768269, "fair_value": 12.944223, "relative_strength": -11.172813, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.239932, "energy": 19.369551, "activity_lines": [ 13.745588, 13.705134, 13.659006, 13.693412 ] }, { "date": "2025-09-05", "close": 13.842281, "volume": 3508100, "typical_volume": 4020855.0, "trend": 13.763365, "fair_value": 12.958308, "relative_strength": -11.542862, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.618332, "energy": 43.379474, "activity_lines": [ 13.779333, 13.737151, 13.677741, 13.698187 ] }, { "date": "2025-09-12", "close": 13.832548, "volume": 5158500, "typical_volume": 4029810.0, "trend": 13.761347, "fair_value": 12.970796, "relative_strength": -12.041543, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.609995, "energy": 44.258617, "activity_lines": [ 13.802047, 13.762814, 13.694579, 13.702651 ] }, { "date": "2025-09-19", "close": 13.783876, "volume": 4740400, "typical_volume": 3993050.0, "trend": 13.75578, "fair_value": 12.981096, "relative_strength": -13.5105, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.467792, "energy": 33.059065, "activity_lines": [ 13.8001, 13.773788, 13.705949, 13.704104 ] }, { "date": "2025-09-26", "close": 13.939626, "volume": 4001900, "typical_volume": 3998950.0, "trend": 13.747061, "fair_value": 12.991087, "relative_strength": -12.267271, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.301182, "energy": 60.368887, "activity_lines": [ 13.848772, 13.809539, 13.731368, 13.715965 ] }, { "date": "2025-10-03", "close": 13.972096, "volume": 4881000, "typical_volume": 4070525.0, "trend": 13.742312, "fair_value": 13.001683, "relative_strength": -13.84699, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.675302, "energy": 67.871321, "activity_lines": [ 13.898533, 13.845708, 13.758997, 13.730484 ] }, { "date": "2025-10-10", "close": 14.031134, "volume": 4807400, "typical_volume": 4135995.0, "trend": 13.739532, "fair_value": 13.011805, "relative_strength": -11.444523, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.419245, "energy": 84.208061, "activity_lines": [ 13.950882, 13.886357, 13.791488, 13.749117 ] }, { "date": "2025-10-17", "close": 14.050812, "volume": 5136900, "typical_volume": 4163785.0, "trend": 13.737728, "fair_value": 13.023475, "relative_strength": -11.846835, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.344071, "energy": 88.32999, "activity_lines": [ 13.997201, 13.925026, 13.823661, 13.7692 ] }, { "date": "2025-10-24", "close": 14.040974, "volume": 4473000, "typical_volume": 4185025.0, "trend": 13.736239, "fair_value": 13.035139, "relative_strength": -12.336313, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.736468, "energy": 87.128403, "activity_lines": [ 14.025689, 13.955637, 13.852612, 13.788764 ] }, { "date": "2025-10-31", "close": 14.070491, "volume": 4897000, "typical_volume": 4255520.0, "trend": 13.738405, "fair_value": 13.047787, "relative_strength": -11.580613, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.806231, "energy": 86.685158, "activity_lines": [ 14.046877, 13.986587, 13.882089, 13.810329 ] }, { "date": "2025-11-07", "close": 14.090171, "volume": 6587000, "typical_volume": 4393605.0, "trend": 13.752174, "fair_value": 13.061642, "relative_strength": -10.178715, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.114484, "energy": 78.132755, "activity_lines": [ 14.0659, 14.01608, 13.910509, 13.833023 ] }, { "date": "2025-11-14", "close": 14.090171, "volume": 3649900, "typical_volume": 4328185.0, "trend": 13.767231, "fair_value": 13.074758, "relative_strength": -11.127067, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.110884, "energy": 63.07492, "activity_lines": [ 14.077051, 14.038765, 13.93664, 13.85483 ] }, { "date": "2025-11-21", "close": 14.168886, "volume": 4377000, "typical_volume": 4377235.0, "trend": 13.784268, "fair_value": 13.088436, "relative_strength": -9.923833, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.471062, "energy": 66.738809, "activity_lines": [ 14.110506, 14.071256, 13.967887, 13.880743 ] }, { "date": "2025-11-28", "close": 14.060652, "volume": 4734600, "typical_volume": 4414090.0, "trend": 13.798986, "fair_value": 13.100794, "relative_strength": -13.828278, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.414938, "energy": 56.452214, "activity_lines": [ 14.10001, 14.077952, 13.985694, 13.898574 ] }, { "date": "2025-12-05", "close": 13.922898, "volume": 4212100, "typical_volume": 4427390.0, "trend": 13.804603, "fair_value": 13.111189, "relative_strength": -14.185816, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.600195, "energy": 38.526253, "activity_lines": [ 14.042285, 14.054569, 13.988137, 13.906568 ] }, { "date": "2025-12-12", "close": 13.863862, "volume": 4920300, "typical_volume": 4454460.0, "trend": 13.806321, "fair_value": 13.120921, "relative_strength": -14.789749, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.937828, "energy": 18.821317, "activity_lines": [ 13.97472, 14.020757, 13.9836, 13.910391 ] }, { "date": "2025-12-19", "close": 13.90322, "volume": 4778100, "typical_volume": 4478365.0, "trend": 13.817401, "fair_value": 13.13136, "relative_strength": -14.743084, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.978273, "energy": 25.424539, "activity_lines": [ 13.935362, 13.996069, 13.981689, 13.916643 ] }, { "date": "2025-12-26", "close": 13.785147, "volume": 2749200, "typical_volume": 4462100.0, "trend": 13.824544, "fair_value": 13.141384, "relative_strength": -15.679703, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.55714, "energy": 31.526792, "activity_lines": [ 13.86911, 13.952239, 13.967687, 13.914562 ] }, { "date": "2026-01-02", "close": 13.858439, "volume": 4565500, "typical_volume": 4491760.0, "trend": 13.834453, "fair_value": 13.152389, "relative_strength": -14.509158, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.718251, "energy": 26.934777, "activity_lines": [ 13.852871, 13.926564, 13.960288, 13.916749 ] }, { "date": "2026-01-09", "close": 14.037514, "volume": 6291100, "typical_volume": 4613525.0, "trend": 13.853872, "fair_value": 13.164769, "relative_strength": -14.895092, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.207766, "energy": 20.361179, "activity_lines": [ 13.909805, 13.936768, 13.969496, 13.92985 ] }, { "date": "2026-01-16", "close": 14.047462, "volume": 6205700, "typical_volume": 4733735.0, "trend": 13.868471, "fair_value": 13.177213, "relative_strength": -15.489173, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.13314, "energy": 16.195816, "activity_lines": [ 13.962413, 13.94938, 13.97849, 13.942339 ] }, { "date": "2026-01-23", "close": 13.838541, "volume": 6731300, "typical_volume": 4894895.0, "trend": 13.876751, "fair_value": 13.18866, "relative_strength": -16.582093, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.409165, "energy": 9.574307, "activity_lines": [ 13.933141, 13.924783, 13.966007, 13.940408 ] }, { "date": "2026-01-30", "close": 13.758952, "volume": 8145700, "typical_volume": 5044255.0, "trend": 13.885005, "fair_value": 13.199027, "relative_strength": -13.468373, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.618524, "energy": 13.782719, "activity_lines": [ 13.881652, 13.89029, 13.945961, 13.932808 ] }, { "date": "2026-02-06", "close": 13.808696, "volume": 6282600, "typical_volume": 5121365.0, "trend": 13.892322, "fair_value": 13.209997, "relative_strength": -14.207192, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.88293, "energy": 26.398734, "activity_lines": [ 13.84849, 13.872295, 13.931004, 13.927885 ] }, { "date": "2026-02-13", "close": 13.768901, "volume": 7251800, "typical_volume": 5283860.0, "trend": 13.89669, "fair_value": 13.21986, "relative_strength": -15.591285, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.757308, "energy": 51.124301, "activity_lines": [ 13.805379, 13.851646, 13.912139, 13.919923 ] }, { "date": "2026-02-20", "close": 13.84849, "volume": 5976400, "typical_volume": 5338630.0, "trend": 13.904035, "fair_value": 13.229437, "relative_strength": -16.49767, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.939621, "energy": 47.218153, "activity_lines": [ 13.806706, 13.848267, 13.901666, 13.916813 ] }, { "date": "2026-02-27", "close": 13.808696, "volume": 7198300, "typical_volume": 5458175.0, "trend": 13.90681, "fair_value": 13.238815, "relative_strength": -17.496143, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.623247, "energy": 39.933693, "activity_lines": [ 13.808032, 13.837932, 13.887993, 13.910662 ] }, { "date": "2026-03-06", "close": 13.778851, "volume": 7936900, "typical_volume": 5598175.0, "trend": 13.909238, "fair_value": 13.246525, "relative_strength": -14.027248, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.032571, "energy": 43.839959, "activity_lines": [ 13.8014, 13.82389, 13.872536, 13.902407 ] }, { "date": "2026-03-13", "close": 13.91813, "volume": 5401800, "typical_volume": 5644615.0, "trend": 13.914362, "fair_value": 13.255638, "relative_strength": -11.193604, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.13148, "energy": 18.417888, "activity_lines": [ 13.839868, 13.835286, 13.871639, 13.90298 ] }, { "date": "2026-03-20", "close": 13.908181, "volume": 5355100, "typical_volume": 5667520.0, "trend": 13.918181, "fair_value": 13.264631, "relative_strength": -7.340297, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.61958, "energy": 14.675518, "activity_lines": [ 13.867724, 13.843787, 13.870379, 13.902582 ] }, { "date": "2026-03-27", "close": 14.087257, "volume": 5976100, "typical_volume": 5636975.0, "trend": 13.930565, "fair_value": 13.276006, "relative_strength": -7.561033, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.52104, "energy": 22.72338, "activity_lines": [ 13.945986, 13.887199, 13.886947, 13.91349 ] }, { "date": "2026-04-03", "close": 14.1, "volume": 4538000, "typical_volume": 5681380.0, "trend": 13.939156, "fair_value": 13.287577, "relative_strength": -10.038412, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.655105, "energy": 33.666662, "activity_lines": [ 14.012579, 13.932205, 13.904742, 13.924421 ] }, { "date": "2026-04-10", "close": 14.02, "volume": 6140900, "typical_volume": 5769575.0, "trend": 13.945404, "fair_value": 13.299324, "relative_strength": -11.520109, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 20.195217, "energy": 43.576433, "activity_lines": [ 14.033084, 13.957911, 13.914872, 13.929637 ] }, { "date": "2026-04-17", "close": 13.88, "volume": 7865600, "typical_volume": 5926125.0, "trend": 13.948608, "fair_value": 13.309084, "relative_strength": -13.498015, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.26249, "energy": 26.194271, "activity_lines": [ 13.990846, 13.953417, 13.912377, 13.925417 ] }, { "date": "2026-04-24", "close": 13.87, "volume": 7697900, "typical_volume": 6100415.0, "trend": 13.946287, "fair_value": 13.318665, "relative_strength": -11.91218, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.86799, "energy": 7.466734, "activity_lines": [ 13.947817, 13.945807, 13.90979, 13.920346 ] }, { "date": "2026-05-01", "close": 13.660856, "volume": 8341500, "typical_volume": 6271475.0, "trend": 13.935913, "fair_value": 13.327765, "relative_strength": -12.697693, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -60.471516, "energy": 37.328748, "activity_lines": [ 13.837619, 13.898334, 13.887537, 13.901931 ] }, { "date": "2026-05-08", "close": 13.759848, "volume": 7156700, "typical_volume": 6390405.0, "trend": 13.92687, "fair_value": 13.336525, "relative_strength": -12.03865, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -59.356824, "energy": 44.408532, "activity_lines": [ 13.788844, 13.87227, 13.875678, 13.890572 ] }, { "date": "2026-05-15", "close": 13.839041, "volume": 7015100, "typical_volume": 6603700.0, "trend": 13.919811, "fair_value": 13.346022, "relative_strength": -10.43262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.505427, "energy": 48.002818, "activity_lines": [ 13.789144, 13.861494, 13.872044, 13.884905 ] }, { "date": "2026-05-22", "close": 13.908336, "volume": 5964700, "typical_volume": 6673660.0, "trend": 13.91539, "fair_value": 13.355275, "relative_strength": -11.198055, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.711441, "energy": 39.519997, "activity_lines": [ 13.824607, 13.862222, 13.874753, 13.884165 ] }, { "date": "2026-05-29", "close": 13.888536, "volume": 7484700, "typical_volume": 6733340.0, "trend": 13.909324, "fair_value": 13.365434, "relative_strength": -11.638636, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.690337, "energy": 19.200546, "activity_lines": [ 13.85158, 13.859528, 13.875338, 13.882432 ] }, { "date": "2026-06-05", "close": 14.056823, "volume": 1743100, "typical_volume": 6510210.0, "trend": 13.908213, "fair_value": 13.377072, "relative_strength": -9.239809, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.458723, "energy": 21.336804, "activity_lines": [ 13.933413, 13.887789, 13.892661, 13.891948 ] }, { "date": "2026-06-12", "close": 14.106318, "volume": 1368700, "typical_volume": 6242080.0, "trend": 13.908751, "fair_value": 13.389889, "relative_strength": -9.887242, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.067266, "energy": 44.354345, "activity_lines": [ 14.005347, 13.925602, 13.914652, 13.904729 ] }, { "date": "2026-06-19", "close": 14.294402, "volume": 718700, "typical_volume": 5870730.0, "trend": 13.912935, "fair_value": 13.403854, "relative_strength": -8.354315, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 87.581504, "energy": 83.315834, "activity_lines": [ 14.116877, 13.997498, 13.953281, 13.92961 ] }, { "date": "2026-06-26", "close": 14.314201, "volume": 1430700, "typical_volume": 5628135.0, "trend": 13.921387, "fair_value": 13.417549, "relative_strength": -7.859519, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.401496, "energy": 92.664912, "activity_lines": [ 14.20465, 14.068005, 13.991247, 13.955498 ] }, { "date": "2026-07-03", "close": 14.34, "volume": 752800, "typical_volume": 5303185.0, "trend": 13.93529, "fair_value": 13.431179, "relative_strength": -8.024522, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.234994, "energy": 93.081405, "activity_lines": [ 14.273965, 14.135307, 14.029261, 13.982506 ] }, { "date": "2026-07-10", "close": 14.3, "volume": 7715600, "typical_volume": 5390145.0, "trend": 13.949828, "fair_value": 13.444784, "relative_strength": -8.040628, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.434642, "energy": 88.559106, "activity_lines": [ 14.299848, 14.186791, 14.060747, 14.006035 ] }, { "date": "2026-07-17", "close": 14.16, "volume": 5925200, "typical_volume": 5326490.0, "trend": 13.958387, "fair_value": 13.45755, "relative_strength": -8.443243, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.104768, "energy": 83.471543, "activity_lines": [ 14.262854, 14.2012, 14.07675, 14.019595 ] }, { "date": "2026-07-24", "close": 14.26, "volume": 5315800, "typical_volume": 5195435.0, "trend": 13.974216, "fair_value": 13.470725, "relative_strength": -7.696559, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.417318, "energy": 59.424568, "activity_lines": [ 14.255613, 14.226516, 14.100603, 14.039054 ] }, { "date": "2026-07-31", "close": 14.18, "volume": 6111600, "typical_volume": 5230925.0, "trend": 13.984934, "fair_value": 13.482404, "relative_strength": -7.412038, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.610664, "energy": 45.420325, "activity_lines": [ 14.224, 14.229632, 14.114546, 14.05233 ] }, { "date": "2026-08-07", "close": 14.12, "volume": 5525400, "typical_volume": 5239440.0, "trend": 13.987684, "fair_value": 13.493351, "relative_strength": -10.311926, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.872739, "energy": 29.793142, "activity_lines": [ 14.181333, 14.216899, 14.121528, 14.061044 ] } ], "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." } } }