{ "ticker": { "uuid": "4d6351bd-0d09-4cfd-8dbd-74560f473d3f", "symbol": "XLPE", "name": "Xtrackers LPX Private Equity Swap UCITS ETF 1C", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 88.624, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 54.877, "architecture_energy": 55.504, "architecture_maturity": 10.413, "architecture_confidence": 74.201, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 34.58, "rotation_up": 71.58, "upward_expansion": 50.99, "deceleration": 27.99, "rotation_down": 16.34, "downward_expansion": 20.66 }, "activity_lines": [ 9787.266667, 9599.536364, 9537.842857, 9512.368817 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 10174.0, "trend_reference": 9642.066667, "distance_from_trend": 0.055168, "trend_direction": "Weakening", "fair_value": 10369.823718, "distance_from_fair_value": -0.018884, "fair_value_direction": "Improving", "relative_strength": -9.402385, "relative_strength_direction": "Improving", "price_momentum": 0.017044, "excess_performance": -0.034191, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.055168, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.047865, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.018884, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.037846, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.094024, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.066678, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.017044, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.483653, "read": "Demand-led" } ], "volume": { "latest": 6333, "relative_activity": 0.778024, "balance": 4.483653, "dry_up": 2.40978, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.030319, "annualized_volatility": 0.224938, "from_high_reference": -0.192956, "from_low_reference": 0.173607 }, "levels": { "trend_reference": 9642.066667, "fair_value_reference": 10369.823718, "structural_low": 8669.0, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": 0.036194, "positive_rate": 0.727273, "directional_follow_through": 0.727273, "median_excess_return": 0.01765, "regime_survival": 0.454545, "best_return": 0.144089, "worst_return": -0.124059, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.027196, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.018592, "regime_survival": 0.0, "best_return": 0.142847, "worst_return": -0.197827, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.062695, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.02876, "regime_survival": 0.2, "best_return": 0.25689, "worst_return": -0.177204, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.123033, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.053664, "regime_survival": 0.0, "best_return": 0.158402, "worst_return": 0.087665, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-08-02", "tenure": "New", "return": -0.043137, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-09-20", "tenure": "Developing", "return": 0.07557, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-02-28", "tenure": "Established", "return": 0.107972, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-18", "tenure": "Developing", "return": -0.097379, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-06-20", "tenure": "Developing", "return": 0.021307, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": 0.078024, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-09-05", "tenure": "Developing", "return": -0.056667, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-12", "end": "2025-11-21", "tenure": "Developing", "return": -0.095934, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": 0.025209, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-30", "tenure": "Developing", "return": -0.042279, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-06", "end": "2026-06-05", "tenure": "Established", "return": -0.070775, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": -0.007799, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-07-17", "tenure": "New", "return": 0.049764, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.059681, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 7683.0, "volume": 95, "typical_volume": 4720.3, "trend": 7476.75, "fair_value": 7383.192308, "relative_strength": 8.846366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.600185, "energy": 65.992311, "activity_lines": [ 7873.7, 7796.345455, 7619.254762, 7518.472043 ] }, { "date": "2023-08-25", "close": 7720.0, "volume": 1171, "typical_volume": 3910.25, "trend": 7479.283333, "fair_value": 7399.025641, "relative_strength": 8.130108, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.096568, "energy": 41.653922, "activity_lines": [ 7804.733333, 7799.736364, 7643.3, 7534.165591 ] }, { "date": "2023-09-01", "close": 8015.0, "volume": 527, "typical_volume": 3919.0, "trend": 7476.75, "fair_value": 7417.576923, "relative_strength": 10.234133, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.669566, "energy": 43.617899, "activity_lines": [ 7854.9, 7854.081818, 7692.007143, 7568.727957 ] }, { "date": "2023-09-08", "close": 8131.5, "volume": 4259, "typical_volume": 3596.6, "trend": 7489.416667, "fair_value": 7435.516026, "relative_strength": 11.485921, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.452252, "energy": 49.196475, "activity_lines": [ 7942.866667, 7915.354545, 7748.164286, 7610.969892 ] }, { "date": "2023-09-15", "close": 8297.5, "volume": 995, "typical_volume": 3566.9, "trend": 7503.983333, "fair_value": 7454.727564, "relative_strength": 10.156144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.35952, "energy": 70.871778, "activity_lines": [ 8078.766667, 7996.036364, 7815.878571, 7663.104301 ] }, { "date": "2023-09-22", "close": 8286.0, "volume": 11534, "typical_volume": 4042.6, "trend": 7523.166667, "fair_value": 7474.939103, "relative_strength": 10.151966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.555811, "energy": 85.720524, "activity_lines": [ 8184.3, 8056.727273, 7877.504762, 7713.556989 ] }, { "date": "2023-09-29", "close": 8320.0, "volume": 3109, "typical_volume": 4059.9, "trend": 7539.466667, "fair_value": 7494.217949, "relative_strength": 11.417357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.057484, "energy": 88.727978, "activity_lines": [ 8260.966667, 8113.372727, 7936.330952, 7764.965591 ] }, { "date": "2023-10-06", "close": 8139.0, "volume": 3707, "typical_volume": 4215.4, "trend": 7568.816667, "fair_value": 7511.391026, "relative_strength": 10.37555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.277602, "energy": 80.0737, "activity_lines": [ 8237.3, 8131.872727, 7972.071429, 7803.645161 ] }, { "date": "2023-10-13", "close": 8168.0, "volume": 257, "typical_volume": 3647.55, "trend": 7615.366667, "fair_value": 7529.25, "relative_strength": 8.995715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.770711, "energy": 66.652747, "activity_lines": [ 8215.033333, 8153.109091, 8006.066667, 7842.302151 ] }, { "date": "2023-10-20", "close": 7731.0, "volume": 3111, "typical_volume": 3749.45, "trend": 7645.183333, "fair_value": 7544.596154, "relative_strength": 5.707199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.295412, "energy": 26.393326, "activity_lines": [ 8044.666667, 8092.209091, 7994.292857, 7849.762366 ] }, { "date": "2023-10-27", "close": 7656.0, "volume": 510, "typical_volume": 3723.35, "trend": 7660.483333, "fair_value": 7561.711538, "relative_strength": 6.142266, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.458383, "energy": 21.127386, "activity_lines": [ 7887.066667, 8020.736364, 7974.188095, 7850.460215 ] }, { "date": "2023-11-03", "close": 8073.5, "volume": 5631, "typical_volume": 3841.15, "trend": 7696.3, "fair_value": 7578.871795, "relative_strength": 9.805504, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.608341, "energy": 26.841941, "activity_lines": [ 7910.633333, 8025.663636, 7993.2, 7877.106452 ] }, { "date": "2023-11-10", "close": 8181.0, "volume": 1261, "typical_volume": 3805.9, "trend": 7727.35, "fair_value": 7595.275641, "relative_strength": 12.013843, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.080538, "energy": 27.031972, "activity_lines": [ 7986.466667, 8043.709091, 8020.064286, 7908.377419 ] }, { "date": "2023-11-17", "close": 8466.0, "volume": 3545, "typical_volume": 3831.1, "trend": 7768.266667, "fair_value": 7612.782051, "relative_strength": 13.391679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.099819, "energy": 42.112966, "activity_lines": [ 8154.5, 8110.554545, 8069.547619, 7956.032258 ] }, { "date": "2023-11-24", "close": 8596.5, "volume": 1604, "typical_volume": 3441.75, "trend": 7813.183333, "fair_value": 7630.625, "relative_strength": 15.020883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.929396, "energy": 77.03219, "activity_lines": [ 8346.166667, 8195.045455, 8127.045238, 8009.466667 ] }, { "date": "2023-12-01", "close": 8761.0, "volume": 2585, "typical_volume": 3556.15, "trend": 7871.283333, "fair_value": 7648.573718, "relative_strength": 16.120574, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.459945, "energy": 89.588287, "activity_lines": [ 8534.966667, 8304.009091, 8194.097619, 8070.616129 ] }, { "date": "2023-12-08", "close": 8877.5, "volume": 1249, "typical_volume": 3386.65, "trend": 7930.8, "fair_value": 7666.836538, "relative_strength": 16.72441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.753943, "energy": 94.02527, "activity_lines": [ 8688.933333, 8425.518182, 8267.304762, 8135.533333 ] }, { "date": "2023-12-15", "close": 9285.0, "volume": 7007, "typical_volume": 3683.9, "trend": 8000.55, "fair_value": 7687.586538, "relative_strength": 21.027262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.802429, "energy": 97.183791, "activity_lines": [ 8925.133333, 8610.981818, 8375.295238, 8222.901075 ] }, { "date": "2023-12-22", "close": 9308.0, "volume": 5805, "typical_volume": 3860.9, "trend": 8067.6, "fair_value": 7708.586538, "relative_strength": 18.754933, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.370744, "energy": 95.123222, "activity_lines": [ 9095.4, 8779.790909, 8479.354762, 8307.252688 ] }, { "date": "2023-12-29", "close": 9475.5, "volume": 1193, "typical_volume": 2957.75, "trend": 8134.066667, "fair_value": 7730.541667, "relative_strength": 19.655141, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.913288, "energy": 94.949774, "activity_lines": [ 9265.366667, 8958.327273, 8593.235714, 8398.084946 ] }, { "date": "2024-01-05", "close": 9147.0, "volume": 20535, "typical_volume": 3979.75, "trend": 8188.283333, "fair_value": 7749.766026, "relative_strength": 15.573576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.325001, "energy": 87.108576, "activity_lines": [ 9267.233333, 9045.418182, 8668.32619, 8463.435484 ] }, { "date": "2024-01-12", "close": 9115.0, "volume": 3781, "typical_volume": 4110.25, "trend": 8239.7, "fair_value": 7769.009615, "relative_strength": 15.6043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.52512, "energy": 70.607094, "activity_lines": [ 9232.7, 9099.581818, 8733.397619, 8523.223656 ] }, { "date": "2024-01-19", "close": 9155.0, "volume": 2289, "typical_volume": 4198.35, "trend": 8303.833333, "fair_value": 7788.054487, "relative_strength": 17.994463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.454024, "energy": 64.605973, "activity_lines": [ 9195.666667, 9142.081818, 8795.635714, 8582.275269 ] }, { "date": "2024-01-26", "close": 9492.0, "volume": 19049, "typical_volume": 4937.85, "trend": 8368.933333, "fair_value": 7809.836538, "relative_strength": 18.993109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.228193, "energy": 67.795114, "activity_lines": [ 9279.633333, 9228.145455, 8884.540476, 8658.931183 ] }, { "date": "2024-02-02", "close": 9513.0, "volume": 1488, "typical_volume": 4962.5, "trend": 8442.266667, "fair_value": 7829.032051, "relative_strength": 19.069693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.138961, "energy": 68.777962, "activity_lines": [ 9358.333333, 9299.372727, 8968.966667, 8732.741935 ] }, { "date": "2024-02-09", "close": 9694.5, "volume": 5081, "typical_volume": 4639.85, "trend": 8507.966667, "fair_value": 7849.157051, "relative_strength": 21.368488, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.381044, "energy": 80.531789, "activity_lines": [ 9495.033333, 9386.936364, 9064.890476, 8813.531183 ] }, { "date": "2024-02-16", "close": 9917.5, "volume": 1016, "typical_volume": 4535.2, "trend": 8570.816667, "fair_value": 7871.378205, "relative_strength": 21.24872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.505591, "energy": 94.00914, "activity_lines": [ 9669.566667, 9498.072727, 9175.345238, 8904.468817 ] }, { "date": "2024-02-23", "close": 9873.5, "volume": 762, "typical_volume": 4387.95, "trend": 8633.283333, "fair_value": 7894.621795, "relative_strength": 20.136317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.419016, "energy": 91.180423, "activity_lines": [ 9775.933333, 9582.3, 9274.002381, 8988.512903 ] }, { "date": "2024-03-01", "close": 9957.0, "volume": 831, "typical_volume": 4416.65, "trend": 8697.833333, "fair_value": 7918.153846, "relative_strength": 20.850616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.785755, "energy": 91.261664, "activity_lines": [ 9862.233333, 9671.009091, 9372.352381, 9073.913978 ] }, { "date": "2024-03-08", "close": 9964.5, "volume": 3540, "typical_volume": 4438.1, "trend": 8766.666667, "fair_value": 7939.855769, "relative_strength": 20.514756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.441106, "energy": 85.115219, "activity_lines": [ 9920.033333, 9749.281818, 9462.897619, 9155.634409 ] }, { "date": "2024-03-15", "close": 10030.5, "volume": 1533, "typical_volume": 4489.25, "trend": 8844.916667, "fair_value": 7961.971154, "relative_strength": 19.452311, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.524732, "energy": 75.128662, "activity_lines": [ 9969.733333, 9830.663636, 9549.092857, 9237.172043 ] }, { "date": "2024-03-22", "close": 10299.5, "volume": 7236, "typical_volume": 4569.5, "trend": 8930.9, "fair_value": 7985.189103, "relative_strength": 18.719665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.221631, "energy": 74.598519, "activity_lines": [ 10086.7, 9944.890909, 9649.6, 9331.016129 ] }, { "date": "2024-03-29", "close": 10319.5, "volume": 1991, "typical_volume": 4606.0, "trend": 9007.716667, "fair_value": 8008.012821, "relative_strength": 17.890725, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.018707, "energy": 72.995806, "activity_lines": [ 10184.866667, 10041.218182, 9741.411905, 9420.603226 ] }, { "date": "2024-04-05", "close": 10257.0, "volume": 1791, "typical_volume": 4518.3, "trend": 9078.566667, "fair_value": 8028.766026, "relative_strength": 16.987793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.363549, "energy": 71.316618, "activity_lines": [ 10232.466667, 10105.009091, 9817.088095, 9501.202151 ] }, { "date": "2024-04-12", "close": 10261.5, "volume": 2447, "typical_volume": 4560.45, "trend": 9144.033333, "fair_value": 8048.61859, "relative_strength": 15.079879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.01218, "energy": 67.608897, "activity_lines": [ 10261.566667, 10155.709091, 9884.664286, 9577.52043 ] }, { "date": "2024-04-19", "close": 10017.0, "volume": 9229, "typical_volume": 4892.65, "trend": 9201.733333, "fair_value": 8066.349359, "relative_strength": 13.066155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.855821, "energy": 63.240088, "activity_lines": [ 10189.366667, 10148.345455, 9921.02619, 9633.84086 ] }, { "date": "2024-04-26", "close": 10193.5, "volume": 2277, "typical_volume": 4944.05, "trend": 9264.183333, "fair_value": 8083.958333, "relative_strength": 10.980652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.700026, "energy": 58.280415, "activity_lines": [ 10176.9, 10167.209091, 9968.216667, 9697.825806 ] }, { "date": "2024-05-03", "close": 10205.5, "volume": 9455, "typical_volume": 5066.45, "trend": 9333.066667, "fair_value": 8101.400641, "relative_strength": 9.479386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.268483, "energy": 48.942878, "activity_lines": [ 10175.5, 10183.236364, 10010.283333, 9758.555914 ] }, { "date": "2024-05-10", "close": 10497.0, "volume": 2697, "typical_volume": 4911.05, "trend": 9410.7, "fair_value": 8121.894231, "relative_strength": 9.055106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.970567, "energy": 60.557885, "activity_lines": [ 10278.866667, 10246.227273, 10075.728571, 9833.648387 ] }, { "date": "2024-05-17", "close": 10493.0, "volume": 6010, "typical_volume": 5151.9, "trend": 9502.766667, "fair_value": 8142.041667, "relative_strength": 8.604713, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.213905, "energy": 63.436393, "activity_lines": [ 10364.9, 10298.672727, 10135.130952, 9903.474194 ] }, { "date": "2024-05-24", "close": 10567.0, "volume": 4217, "typical_volume": 4336.0, "trend": 9599.8, "fair_value": 8161.807692, "relative_strength": 10.141804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.741416, "energy": 66.583054, "activity_lines": [ 10460.166667, 10354.963636, 10196.735714, 9972.134409 ] }, { "date": "2024-05-31", "close": 10429.5, "volume": 2084, "typical_volume": 4251.15, "trend": 9678.333333, "fair_value": 8180.490385, "relative_strength": 8.76097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.642679, "energy": 61.176804, "activity_lines": [ 10472.933333, 10376.5, 10238.483333, 10025.663441 ] }, { "date": "2024-06-07", "close": 10300.5, "volume": 7587, "typical_volume": 4516.05, "trend": 9748.983333, "fair_value": 8197.474359, "relative_strength": 7.352634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.325682, "energy": 51.365483, "activity_lines": [ 10426.966667, 10372.218182, 10261.685714, 10065.803226 ] }, { "date": "2024-06-14", "close": 10294.0, "volume": 6853, "typical_volume": 3906.25, "trend": 9809.916667, "fair_value": 8214.522436, "relative_strength": 8.094825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.53464, "energy": 40.149805, "activity_lines": [ 10372.5, 10367.1, 10278.814286, 10100.965591 ] }, { "date": "2024-06-21", "close": 10437.5, "volume": 10825, "typical_volume": 4373.1, "trend": 9871.283333, "fair_value": 8230.974359, "relative_strength": 7.864807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.081553, "energy": 33.193793, "activity_lines": [ 10379.4, 10387.4, 10305.790476, 10141.454839 ] }, { "date": "2024-06-28", "close": 10430.0, "volume": 1806, "typical_volume": 4209.35, "trend": 9926.916667, "fair_value": 8247.051282, "relative_strength": 8.268826, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.06787, "energy": 29.243079, "activity_lines": [ 10387.5, 10403.136364, 10327.65, 10177.501075 ] }, { "date": "2024-07-05", "close": 10444.0, "volume": 7542, "typical_volume": 4535.65, "trend": 9979.133333, "fair_value": 8263.365385, "relative_strength": 7.423681, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.759608, "energy": 30.577574, "activity_lines": [ 10409.4, 10413.909091, 10347.340476, 10210.86129 ] }, { "date": "2024-07-12", "close": 10597.0, "volume": 2605, "typical_volume": 4627.8, "trend": 10022.866667, "fair_value": 8280.679487, "relative_strength": 7.92087, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.085077, "energy": 42.658891, "activity_lines": [ 10481.333333, 10447.945455, 10379.095238, 10250.723656 ] }, { "date": "2024-07-19", "close": 10571.0, "volume": 11852, "typical_volume": 5178.85, "trend": 10064.966667, "fair_value": 8294.458333, "relative_strength": 8.504043, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.92525, "energy": 43.880377, "activity_lines": [ 10524.833333, 10470.136364, 10404.928571, 10286.087097 ] }, { "date": "2024-07-26", "close": 10670.5, "volume": 7817, "typical_volume": 5392.7, "trend": 10104.8, "fair_value": 8308.538462, "relative_strength": 7.377954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.323482, "energy": 54.226975, "activity_lines": [ 10583.033333, 10509.072727, 10437.314286, 10325.153763 ] }, { "date": "2024-08-02", "close": 10115.0, "volume": 14803, "typical_volume": 6056.2, "trend": 10137.066667, "fair_value": 8318.022436, "relative_strength": 2.87797, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 23.846946, "energy": 18.112802, "activity_lines": [ 10440.533333, 10443.781818, 10413.433333, 10325.811828 ] }, { "date": "2024-08-09", "close": 10123.0, "volume": 11491, "typical_volume": 6268.95, "trend": 10170.666667, "fair_value": 8327.355769, "relative_strength": 2.731336, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.972411, "energy": 6.832996, "activity_lines": [ 10321.7, 10388.163636, 10389.911905, 10324.904301 ] }, { "date": "2024-08-16", "close": 10428.5, "volume": 6209, "typical_volume": 6479.85, "trend": 10213.116667, "fair_value": 8339.378205, "relative_strength": 3.681679, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.036145, "energy": 14.215701, "activity_lines": [ 10326.1, 10393.663636, 10396.32619, 10341.53871 ] }, { "date": "2024-08-23", "close": 10536.0, "volume": 3175, "typical_volume": 6549.05, "trend": 10247.916667, "fair_value": 8351.096154, "relative_strength": 4.191205, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.768949, "energy": 20.527293, "activity_lines": [ 10377.566667, 10416.381818, 10412.459524, 10362.369892 ] }, { "date": "2024-08-30", "close": 10517.5, "volume": 375, "typical_volume": 6445.45, "trend": 10281.4, "fair_value": 8362.442308, "relative_strength": 3.105417, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.129088, "energy": 15.715896, "activity_lines": [ 10425.2, 10431.336364, 10425.502381, 10379.762366 ] }, { "date": "2024-09-06", "close": 10097.0, "volume": 1579, "typical_volume": 6062.95, "trend": 10294.816667, "fair_value": 8372.201923, "relative_strength": 1.109216, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.995258, "energy": 2.977777, "activity_lines": [ 10342.866667, 10368.381818, 10397.278571, 10367.865591 ] }, { "date": "2024-09-13", "close": 10631.0, "volume": 4818, "typical_volume": 6190.0, "trend": 10318.6, "fair_value": 8384.512821, "relative_strength": 4.932359, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.331559, "energy": 21.469189, "activity_lines": [ 10439.733333, 10408.572727, 10419.530952, 10389.554839 ] }, { "date": "2024-09-20", "close": 10888.0, "volume": 7288, "typical_volume": 6081.65, "trend": 10352.416667, "fair_value": 8399.75, "relative_strength": 7.618474, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.896728, "energy": 47.315785, "activity_lines": [ 10588.4, 10492.090909, 10464.17619, 10426.290323 ] }, { "date": "2024-09-27", "close": 10938.0, "volume": 4150, "typical_volume": 6154.3, "trend": 10385.116667, "fair_value": 8416.855769, "relative_strength": 6.564553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.323705, "energy": 59.295709, "activity_lines": [ 10723.1, 10579.409091, 10510.333333, 10464.069892 ] }, { "date": "2024-10-04", "close": 10961.0, "volume": 3906, "typical_volume": 6049.1, "trend": 10418.333333, "fair_value": 8433.451923, "relative_strength": 6.910864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.547706, "energy": 68.863681, "activity_lines": [ 10838.666667, 10664.236364, 10556.580952, 10501.223656 ] }, { "date": "2024-10-11", "close": 11050.0, "volume": 3062, "typical_volume": 5991.35, "trend": 10452.316667, "fair_value": 8448.923077, "relative_strength": 7.688633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.259568, "energy": 73.525236, "activity_lines": [ 10954.333333, 10759.963636, 10609.07619, 10541.976344 ] }, { "date": "2024-10-18", "close": 11362.0, "volume": 3404, "typical_volume": 6057.35, "trend": 10487.733333, "fair_value": 8462.983974, "relative_strength": 8.81344, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.256451, "energy": 80.704376, "activity_lines": [ 11110.466667, 10895.418182, 10688.985714, 10600.665591 ] }, { "date": "2024-10-25", "close": 11281.5, "volume": 3332, "typical_volume": 5844.6, "trend": 10519.8, "fair_value": 8475.073718, "relative_strength": 8.944032, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.526639, "energy": 78.303541, "activity_lines": [ 11191.033333, 10993.709091, 10756.788095, 10651.876344 ] }, { "date": "2024-11-01", "close": 11153.5, "volume": 5510, "typical_volume": 5777.45, "trend": 10549.683333, "fair_value": 8483.769231, "relative_strength": 8.19432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.366568, "energy": 75.915988, "activity_lines": [ 11202.7, 11053.218182, 10807.728571, 10692.760215 ] }, { "date": "2024-11-08", "close": 11563.5, "volume": 6522, "typical_volume": 5562.3, "trend": 10593.083333, "fair_value": 8494.480769, "relative_strength": 13.074078, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.766714, "energy": 83.690565, "activity_lines": [ 11336.666667, 11176.045455, 10893.62381, 10758.167742 ] }, { "date": "2024-11-15", "close": 11695.5, "volume": 1681, "typical_volume": 5556.05, "trend": 10649.033333, "fair_value": 8506.596154, "relative_strength": 13.932314, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.892679, "energy": 85.768668, "activity_lines": [ 11474.466667, 11303.854545, 10986.728571, 10829.291398 ] }, { "date": "2024-11-22", "close": 12156.5, "volume": 7073, "typical_volume": 5532.6, "trend": 10714.466667, "fair_value": 8524.477564, "relative_strength": 15.016209, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.30242, "energy": 92.784362, "activity_lines": [ 11722.9, 11486.418182, 11117.711905, 10926.547312 ] }, { "date": "2024-11-29", "close": 12241.0, "volume": 11441, "typical_volume": 5974.4, "trend": 10782.316667, "fair_value": 8543.163462, "relative_strength": 14.921902, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.859055, "energy": 93.421885, "activity_lines": [ 11946.533333, 11656.609091, 11248.588095, 11025.033333 ] }, { "date": "2024-12-06", "close": 12218.5, "volume": 6385, "typical_volume": 5701.05, "trend": 10839.7, "fair_value": 8561.214744, "relative_strength": 13.91302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.039901, "energy": 91.035539, "activity_lines": [ 12098.7, 11798.109091, 11369.492857, 11117.690323 ] }, { "date": "2024-12-13", "close": 12230.0, "volume": 7631, "typical_volume": 5691.75, "trend": 10897.6, "fair_value": 8581.064103, "relative_strength": 13.714282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.357635, "energy": 89.829717, "activity_lines": [ 12183.7, 11918.418182, 11483.647619, 11207.387097 ] }, { "date": "2024-12-20", "close": 11860.5, "volume": 14451, "typical_volume": 5674.15, "trend": 10940.716667, "fair_value": 8597.028846, "relative_strength": 12.789359, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.375415, "energy": 76.110602, "activity_lines": [ 12101.1, 11948.472727, 11555.185714, 11269.509677 ] }, { "date": "2024-12-27", "close": 11985.0, "volume": 288, "typical_volume": 5114.0, "trend": 10992.566667, "fair_value": 8614.375, "relative_strength": 12.652964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.061346, "energy": 60.151663, "activity_lines": [ 12049.0, 11986.427273, 11630.269048, 11336.882796 ] }, { "date": "2025-01-03", "close": 12202.0, "volume": 2382, "typical_volume": 4922.65, "trend": 11055.95, "fair_value": 8636.038462, "relative_strength": 13.16742, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.762235, "energy": 57.967296, "activity_lines": [ 12080.666667, 12052.509091, 11717.152381, 11414.910753 ] }, { "date": "2025-01-10", "close": 12055.5, "volume": 8431, "typical_volume": 5185.45, "trend": 11114.666667, "fair_value": 8658.067308, "relative_strength": 11.043169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.616988, "energy": 44.027692, "activity_lines": [ 12066.1, 12075.218182, 11781.638095, 11479.397849 ] }, { "date": "2025-01-17", "close": 12683.0, "volume": 5643, "typical_volume": 5448.85, "trend": 11189.516667, "fair_value": 8685.544872, "relative_strength": 12.861323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.215634, "energy": 61.790748, "activity_lines": [ 12271.566667, 12195.618182, 11898.65, 11580.580645 ] }, { "date": "2025-01-24", "close": 12902.5, "volume": 12883, "typical_volume": 6014.05, "trend": 11271.933333, "fair_value": 8715.785256, "relative_strength": 14.39566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.975635, "energy": 68.402852, "activity_lines": [ 12520.0, 12335.572727, 12026.254762, 11691.095699 ] }, { "date": "2025-01-31", "close": 13042.0, "volume": 4068, "typical_volume": 5976.55, "trend": 11358.533333, "fair_value": 8745.201923, "relative_strength": 12.928409, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.625945, "energy": 85.135543, "activity_lines": [ 12745.466667, 12478.945455, 12153.785714, 11805.293548 ] }, { "date": "2025-02-07", "close": 12723.5, "volume": 8671, "typical_volume": 6045.7, "trend": 11429.416667, "fair_value": 8773.426282, "relative_strength": 9.546762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.020109, "energy": 84.372345, "activity_lines": [ 12794.3, 12548.309091, 12239.502381, 11893.355914 ] }, { "date": "2025-02-14", "close": 12669.0, "volume": 6377, "typical_volume": 6157.05, "trend": 11499.35, "fair_value": 8803.775641, "relative_strength": 8.420491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.94684, "energy": 76.494287, "activity_lines": [ 12790.2, 12598.990909, 12311.288095, 11973.329032 ] }, { "date": "2025-02-21", "close": 12462.0, "volume": 1644, "typical_volume": 6043.95, "trend": 11559.066667, "fair_value": 8832.073718, "relative_strength": 7.305778, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.62196, "energy": 55.424993, "activity_lines": [ 12676.2, 12603.845455, 12355.116667, 12035.435484 ] }, { "date": "2025-02-28", "close": 12119.0, "volume": 12137, "typical_volume": 6497.7, "trend": 11625.866667, "fair_value": 8861.307692, "relative_strength": 2.455091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.490052, "energy": 30.596969, "activity_lines": [ 12462.6, 12542.118182, 12359.130952, 12071.560215 ] }, { "date": "2025-03-07", "close": 11234.5, "volume": 15781, "typical_volume": 7116.55, "trend": 11662.916667, "fair_value": 8883.730769, "relative_strength": -3.593155, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -5.548395, "energy": 20.705173, "activity_lines": [ 12006.4, 12314.872727, 12273.816667, 12046.310753 ] }, { "date": "2025-03-14", "close": 11019.5, "volume": 10551, "typical_volume": 7477.5, "trend": 11682.616667, "fair_value": 8902.137821, "relative_strength": -4.887409, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.625214, "energy": 46.431145, "activity_lines": [ 11599.033333, 12062.181818, 12168.633333, 12004.8 ] }, { "date": "2025-03-21", "close": 11279.5, "volume": 7029, "typical_volume": 7553.45, "trend": 11707.4, "fair_value": 8922.717949, "relative_strength": -2.814631, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.338351, "energy": 47.804981, "activity_lines": [ 11391.933333, 11878.263636, 12089.459524, 11978.792473 ] }, { "date": "2025-03-28", "close": 11074.5, "volume": 1857, "typical_volume": 7320.2, "trend": 11725.966667, "fair_value": 8940.003205, "relative_strength": -4.688807, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.229062, "energy": 66.710568, "activity_lines": [ 11209.133333, 11671.181818, 11990.161905, 11937.960215 ] }, { "date": "2025-04-04", "close": 9795.0, "volume": 14224, "typical_volume": 7947.35, "trend": 11715.9, "fair_value": 8950.839744, "relative_strength": -9.275885, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -66.641509, "energy": 85.15906, "activity_lines": [ 10692.333333, 11260.709091, 11771.335714, 11813.38172 ] }, { "date": "2025-04-11", "close": 9776.5, "volume": 11935, "typical_volume": 8190.45, "trend": 11687.416667, "fair_value": 8962.173077, "relative_strength": -8.341414, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.435432, "energy": 81.698023, "activity_lines": [ 10324.3, 10903.372727, 11559.797619, 11688.25914 ] }, { "date": "2025-04-18", "close": 10140.5, "volume": 18127, "typical_volume": 8524.75, "trend": 11662.5, "fair_value": 8976.682692, "relative_strength": -8.450361, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.175933, "energy": 85.800292, "activity_lines": [ 10174.8, 10671.590909, 11394.259524, 11588.458065 ] }, { "date": "2025-04-25", "close": 10536.5, "volume": 2503, "typical_volume": 8330.65, "trend": 11649.116667, "fair_value": 8995.804487, "relative_strength": -6.45291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.960319, "energy": 73.422626, "activity_lines": [ 10215.9, 10558.772727, 11276.438095, 11515.812903 ] }, { "date": "2025-05-02", "close": 10691.0, "volume": 1955, "typical_volume": 8046.85, "trend": 11640.116667, "fair_value": 9017.044872, "relative_strength": -7.082368, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.34789, "energy": 55.387391, "activity_lines": [ 10358.033333, 10512.818182, 11181.340476, 11453.998925 ] }, { "date": "2025-05-09", "close": 10775.5, "volume": 3428, "typical_volume": 7495.7, "trend": 11630.966667, "fair_value": 9038.163462, "relative_strength": -5.912758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.313761, "energy": 39.019361, "activity_lines": [ 10553.9, 10514.427273, 11101.619048, 11398.217204 ] }, { "date": "2025-05-16", "close": 11152.5, "volume": 7926, "typical_volume": 7877.6, "trend": 11623.983333, "fair_value": 9063.323718, "relative_strength": -4.128726, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.152135, "energy": 24.399196, "activity_lines": [ 10810.066667, 10609.009091, 11062.969048, 11367.348387 ] }, { "date": "2025-05-23", "close": 10608.0, "volume": 2513, "typical_volume": 7884.15, "trend": 11601.533333, "fair_value": 9081.910256, "relative_strength": -9.088812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.254692, "energy": 23.181048, "activity_lines": [ 10793.0, 10606.081818, 10976.42619, 11301.801075 ] }, { "date": "2025-05-30", "close": 10799.0, "volume": 6521, "typical_volume": 7788.65, "trend": 11589.716667, "fair_value": 9102.490385, "relative_strength": -7.987139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.665988, "energy": 21.264629, "activity_lines": [ 10808.433333, 10645.363636, 10915.664286, 11250.024731 ] }, { "date": "2025-06-06", "close": 10907.0, "volume": 2600, "typical_volume": 7636.5, "trend": 11567.833333, "fair_value": 9126.410256, "relative_strength": -7.735617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.569326, "energy": 19.547904, "activity_lines": [ 10842.366667, 10713.018182, 10871.171429, 11205.978495 ] }, { "date": "2025-06-13", "close": 10727.5, "volume": 720, "typical_volume": 7028.35, "trend": 11535.566667, "fair_value": 9153.141026, "relative_strength": -9.317126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.141997, "energy": 22.973068, "activity_lines": [ 10802.066667, 10751.081818, 10818.040476, 11151.763441 ] }, { "date": "2025-06-20", "close": 10761.0, "volume": 1026, "typical_volume": 6876.25, "trend": 11489.05, "fair_value": 9178.032051, "relative_strength": -8.193375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.573754, "energy": 23.917896, "activity_lines": [ 10776.133333, 10778.281818, 10778.457143, 11101.791398 ] }, { "date": "2025-06-27", "close": 11176.0, "volume": 8288, "typical_volume": 6857.1, "trend": 11453.55, "fair_value": 9206.560897, "relative_strength": -4.904964, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.741171, "energy": 10.563667, "activity_lines": [ 10914.633333, 10863.036364, 10789.259524, 11081.594624 ] }, { "date": "2025-07-04", "close": 11248.5, "volume": 7614, "typical_volume": 6918.95, "trend": 11421.216667, "fair_value": 9233.75641, "relative_strength": -4.550994, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.367828, "energy": 9.976508, "activity_lines": [ 11039.433333, 10942.145455, 10814.335714, 11068.365591 ] }, { "date": "2025-07-11", "close": 11639.0, "volume": 858, "typical_volume": 6879.65, "trend": 11401.516667, "fair_value": 9264.121795, "relative_strength": -2.567869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.618346, "energy": 36.328395, "activity_lines": [ 11264.433333, 11079.309091, 10883.366667, 11082.416129 ] }, { "date": "2025-07-18", "close": 12048.0, "volume": 3440, "typical_volume": 6444.8, "trend": 11407.766667, "fair_value": 9293.807692, "relative_strength": 0.220892, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.148387, "energy": 66.93324, "activity_lines": [ 11576.966667, 11273.6, 10995.269048, 11124.124731 ] }, { "date": "2025-07-25", "close": 12017.5, "volume": 892, "typical_volume": 5700.35, "trend": 11408.85, "fair_value": 9321.307692, "relative_strength": -1.480311, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.396387, "energy": 72.967389, "activity_lines": [ 11791.3, 11439.209091, 11104.604762, 11163.462366 ] }, { "date": "2025-08-01", "close": 11565.5, "volume": 5070, "typical_volume": 5426.3, "trend": 11387.633333, "fair_value": 9346.637821, "relative_strength": -4.697324, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.60891, "energy": 64.281701, "activity_lines": [ 11771.2, 11506.909091, 11167.164286, 11173.568817 ] }, { "date": "2025-08-08", "close": 11726.5, "volume": 493, "typical_volume": 5099.5, "trend": 11376.666667, "fair_value": 9371.737179, "relative_strength": -3.727589, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.657153, "energy": 62.008348, "activity_lines": [ 11778.8, 11586.472727, 11242.457143, 11195.431183 ] }, { "date": "2025-08-15", "close": 11623.0, "volume": 646, "typical_volume": 5038.95, "trend": 11341.333333, "fair_value": 9397.307692, "relative_strength": -5.051682, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.770333, "energy": 38.511375, "activity_lines": [ 11720.033333, 11630.354545, 11305.764286, 11211.323656 ] }, { "date": "2025-08-22", "close": 11721.0, "volume": 2514, "typical_volume": 4453.45, "trend": 11301.95, "fair_value": 9424.689103, "relative_strength": -6.115328, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.897122, "energy": 32.486964, "activity_lines": [ 11695.0, 11679.036364, 11375.792857, 11235.81828 ] }, { "date": "2025-08-29", "close": 11563.5, "volume": 542, "typical_volume": 3883.8, "trend": 11252.666667, "fair_value": 9451.576923, "relative_strength": -6.029068, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 45.114055, "energy": 34.507522, "activity_lines": [ 11639.266667, 11681.018182, 11421.65, 11252.692473 ] }, { "date": "2025-09-05", "close": 11336.5, "volume": 1717, "typical_volume": 3063.3, "trend": 11206.433333, "fair_value": 9476.125, "relative_strength": -8.078938, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 38.801424, "energy": 24.22582, "activity_lines": [ 11538.133333, 11627.136364, 11437.378571, 11258.101075 ] }, { "date": "2025-09-12", "close": 11560.0, "volume": 3613, "typical_volume": 3118.8, "trend": 11169.466667, "fair_value": 9503.846154, "relative_strength": -6.971876, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.220422, "energy": 21.867096, "activity_lines": [ 11526.766667, 11610.972727, 11468.697619, 11280.911828 ] }, { "date": "2025-09-19", "close": 11664.0, "volume": 842, "typical_volume": 3063.15, "trend": 11142.866667, "fair_value": 9535.185897, "relative_strength": -5.378601, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.310876, "energy": 21.763284, "activity_lines": [ 11561.166667, 11608.054545, 11505.047619, 11312.817204 ] }, { "date": "2025-09-26", "close": 11292.0, "volume": 1331, "typical_volume": 2958.3, "trend": 11115.3, "fair_value": 9565.070513, "relative_strength": -8.939452, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.053996, "energy": 18.899659, "activity_lines": [ 11468.833333, 11537.045455, 11501.335714, 11322.43871 ] }, { "date": "2025-10-03", "close": 11270.0, "volume": 1483, "typical_volume": 2636.15, "trend": 11116.483333, "fair_value": 9594.211538, "relative_strength": -10.919369, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.012783, "energy": 11.616433, "activity_lines": [ 11397.766667, 11475.781818, 11493.069048, 11332.419355 ] }, { "date": "2025-10-10", "close": 10793.5, "volume": 3090, "typical_volume": 2665.0, "trend": 11108.95, "fair_value": 9621.153846, "relative_strength": -13.867428, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.427613, "energy": 24.435871, "activity_lines": [ 11187.433333, 11341.472727, 11438.861905, 11311.58172 ] }, { "date": "2025-10-17", "close": 10645.0, "volume": 3816, "typical_volume": 2529.75, "trend": 11087.8, "fair_value": 9647.272436, "relative_strength": -14.115337, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.739303, "energy": 55.563005, "activity_lines": [ 10963.8, 11194.2, 11369.628571, 11281.649462 ] }, { "date": "2025-10-24", "close": 12606.5, "volume": 387, "typical_volume": 2419.1, "trend": 11138.866667, "fair_value": 9683.49359, "relative_strength": -1.271363, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.52374, "energy": 21.681132, "activity_lines": [ 11455.0, 11423.227273, 11487.938095, 11379.630108 ] }, { "date": "2025-10-31", "close": 10959.5, "volume": 5060, "typical_volume": 2636.1, "trend": 11177.683333, "fair_value": 9707.365385, "relative_strength": -14.509993, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.908874, "energy": 6.746878, "activity_lines": [ 11334.366667, 11334.918182, 11441.297619, 11368.058065 ] }, { "date": "2025-11-07", "close": 10730.0, "volume": 3909, "typical_volume": 2780.25, "trend": 11209.466667, "fair_value": 9726.532051, "relative_strength": -15.601277, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.385767, "energy": 15.895285, "activity_lines": [ 11159.4, 11218.727273, 11371.695238, 11339.175269 ] }, { "date": "2025-11-14", "close": 10695.5, "volume": 2211, "typical_volume": 2476.4, "trend": 11227.966667, "fair_value": 9748.246795, "relative_strength": -15.579925, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.866022, "energy": 17.39134, "activity_lines": [ 11008.933333, 11111.418182, 11298.954762, 11306.016129 ] }, { "date": "2025-11-21", "close": 10451.0, "volume": 1492, "typical_volume": 2170.3, "trend": 11225.116667, "fair_value": 9768.051282, "relative_strength": -15.670924, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.820995, "energy": 55.386188, "activity_lines": [ 10783.5, 10971.309091, 11205.216667, 11255.889247 ] }, { "date": "2025-11-28", "close": 10849.5, "volume": 2688, "typical_volume": 2261.8, "trend": 11230.4, "fair_value": 9791.195513, "relative_strength": -13.622236, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.827917, "energy": 51.641562, "activity_lines": [ 10703.833333, 10923.818182, 11153.228571, 11231.655914 ] }, { "date": "2025-12-05", "close": 11033.5, "volume": 687, "typical_volume": 2124.15, "trend": 11239.0, "fair_value": 9817.355769, "relative_strength": -11.236263, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.871479, "energy": 48.017466, "activity_lines": [ 10802.633333, 10924.590909, 11122.52381, 11218.952688 ] }, { "date": "2025-12-12", "close": 11123.0, "volume": 1818, "typical_volume": 2170.45, "trend": 11238.016667, "fair_value": 9845.333333, "relative_strength": -9.917273, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -49.238707, "energy": 27.828525, "activity_lines": [ 10926.333333, 10946.336364, 11105.17381, 11211.468817 ] }, { "date": "2025-12-19", "close": 11093.0, "volume": 151, "typical_volume": 1924.5, "trend": 11254.183333, "fair_value": 9872.605769, "relative_strength": -11.95687, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -33.862691, "energy": 16.006202, "activity_lines": [ 11013.833333, 10965.3, 11089.22619, 11202.112903 ] }, { "date": "2025-12-26", "close": 11063.5, "volume": 428, "typical_volume": 1921.25, "trend": 11263.0, "fair_value": 9899.342949, "relative_strength": -11.485823, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.983666, "energy": 17.612123, "activity_lines": [ 11065.0, 10973.454545, 11072.719048, 11189.810753 ] }, { "date": "2026-01-02", "close": 11120.0, "volume": 723, "typical_volume": 1925.1, "trend": 11270.1, "fair_value": 9925.291667, "relative_strength": -11.25901, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.019023, "energy": 16.329158, "activity_lines": [ 11094.166667, 10984.272727, 11064.75, 11180.584946 ] }, { "date": "2026-01-09", "close": 11332.0, "volume": 2620, "typical_volume": 1930.4, "trend": 11290.25, "fair_value": 9950.445513, "relative_strength": -10.649829, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.788425, "energy": 12.37176, "activity_lines": [ 11175.966667, 11060.663636, 11079.366667, 11184.578495 ] }, { "date": "2026-01-16", "close": 11494.5, "volume": 900, "typical_volume": 1948.3, "trend": 11314.7, "fair_value": 9977.849359, "relative_strength": -9.839168, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.006281, "energy": 9.955853, "activity_lines": [ 11292.033333, 11159.827273, 11111.311905, 11197.755914 ] }, { "date": "2026-01-23", "close": 11009.0, "volume": 391, "typical_volume": 1882.0, "trend": 11309.133333, "fair_value": 9999.419872, "relative_strength": -12.279677, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.530349, "energy": 14.374799, "activity_lines": [ 11221.5, 11156.818182, 11097.347619, 11178.033333 ] }, { "date": "2026-01-30", "close": 10624.0, "volume": 2042, "typical_volume": 1803.45, "trend": 11288.316667, "fair_value": 10015.657051, "relative_strength": -15.399965, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.878367, "energy": 21.719392, "activity_lines": [ 11028.233333, 11078.109091, 11048.27619, 11133.831183 ] }, { "date": "2026-02-06", "close": 10003.5, "volume": 12898, "typical_volume": 2406.25, "trend": 11233.8, "fair_value": 10030.092949, "relative_strength": -20.84816, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.624999, "energy": 72.280184, "activity_lines": [ 10657.433333, 10883.436364, 10944.566667, 11050.939785 ] }, { "date": "2026-02-13", "close": 10068.5, "volume": 23315, "typical_volume": 3505.45, "trend": 11167.816667, "fair_value": 10044.246795, "relative_strength": -20.305674, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.092482, "energy": 85.360277, "activity_lines": [ 10382.733333, 10715.963636, 10854.954762, 10975.75914 ] }, { "date": "2026-02-20", "close": 9963.0, "volume": 13476, "typical_volume": 4105.1, "trend": 11099.333333, "fair_value": 10058.685897, "relative_strength": -22.289065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.424666, "energy": 89.770916, "activity_lines": [ 10157.1, 10546.854545, 10761.121429, 10898.029032 ] }, { "date": "2026-02-27", "close": 9458.0, "volume": 29947, "typical_volume": 5447.95, "trend": 11029.083333, "fair_value": 10069.115385, "relative_strength": -27.146398, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.144899, "energy": 96.37517, "activity_lines": [ 9865.233333, 10307.018182, 10625.416667, 10792.136559 ] }, { "date": "2026-03-06", "close": 9453.5, "volume": 4960, "typical_volume": 5505.15, "trend": 10953.316667, "fair_value": 10083.185897, "relative_strength": -22.279018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.238215, "energy": 93.453035, "activity_lines": [ 9675.266667, 10096.090909, 10495.642857, 10690.486022 ] }, { "date": "2026-03-13", "close": 8928.5, "volume": 21655, "typical_volume": 6568.55, "trend": 10863.5, "fair_value": 10097.012821, "relative_strength": -25.936971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.772622, "energy": 96.384194, "activity_lines": [ 9388.333333, 9818.981818, 10321.542857, 10559.852688 ] }, { "date": "2026-03-20", "close": 8898.5, "volume": 12003, "typical_volume": 6915.7, "trend": 10769.416667, "fair_value": 10110.230769, "relative_strength": -23.121344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.176758, "energy": 93.508379, "activity_lines": [ 9163.066667, 9576.263636, 10162.1, 10433.078495 ] }, { "date": "2026-03-27", "close": 8756.5, "volume": 18197, "typical_volume": 7630.1, "trend": 10675.85, "fair_value": 10120.227564, "relative_strength": -24.220753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.2517, "energy": 90.085354, "activity_lines": [ 8968.466667, 9351.972727, 9998.947619, 10303.212903 ] }, { "date": "2026-04-03", "close": 9079.0, "volume": 3205, "typical_volume": 7679.8, "trend": 10600.6, "fair_value": 10133.560897, "relative_strength": -24.526684, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.927855, "energy": 67.490444, "activity_lines": [ 8961.8, 9236.1, 9875.907143, 10200.190323 ] }, { "date": "2026-04-10", "close": 9043.5, "volume": 622, "typical_volume": 7636.3, "trend": 10516.716667, "fair_value": 10145.060897, "relative_strength": -25.521018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.898642, "energy": 65.437563, "activity_lines": [ 8968.566667, 9148.863636, 9757.183333, 10099.732258 ] }, { "date": "2026-04-17", "close": 9964.0, "volume": 19279, "typical_volume": 8465.85, "trend": 10460.05, "fair_value": 10162.532051, "relative_strength": -18.05553, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.588214, "energy": 46.228423, "activity_lines": [ 9309.5, 9257.727273, 9732.828571, 10064.073118 ] }, { "date": "2026-04-24", "close": 9588.0, "volume": 2802, "typical_volume": 8571.6, "trend": 10403.25, "fair_value": 10177.525641, "relative_strength": -18.504608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.98055, "energy": 31.063837, "activity_lines": [ 9456.066667, 9298.945455, 9676.880952, 10007.811828 ] }, { "date": "2026-05-01", "close": 9662.0, "volume": 2188, "typical_volume": 8590.1, "trend": 10349.65, "fair_value": 10194.474359, "relative_strength": -17.318402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.263627, "energy": 27.974773, "activity_lines": [ 9581.333333, 9362.354545, 9634.864286, 9959.989247 ] }, { "date": "2026-05-08", "close": 9631.5, "volume": 5301, "typical_volume": 8847.6, "trend": 10310.916667, "fair_value": 10210.753205, "relative_strength": -16.070152, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.440055, "energy": 30.457062, "activity_lines": [ 9636.066667, 9425.690909, 9596.9, 9913.656989 ] }, { "date": "2026-05-15", "close": 9554.5, "volume": 1258, "typical_volume": 8889.1, "trend": 10274.566667, "fair_value": 10225.894231, "relative_strength": -15.932985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.934823, "energy": 21.934998, "activity_lines": [ 9628.3, 9471.872727, 9558.561905, 9864.855914 ] }, { "date": "2026-05-22", "close": 9517.0, "volume": 12183, "typical_volume": 9462.1, "trend": 10171.583333, "fair_value": 10240.128205, "relative_strength": -17.9953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.339069, "energy": 17.969028, "activity_lines": [ 9573.966667, 9509.4, 9523.838095, 9815.980645 ] }, { "date": "2026-05-29", "close": 9615.5, "volume": 1348, "typical_volume": 9398.5, "trend": 10126.783333, "fair_value": 10253.807692, "relative_strength": -16.246526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.359821, "energy": 16.021567, "activity_lines": [ 9582.266667, 9554.136364, 9506.128571, 9780.104301 ] }, { "date": "2026-06-05", "close": 9295.5, "volume": 6581, "typical_volume": 9682.55, "trend": 10078.966667, "fair_value": 10265.185897, "relative_strength": -18.230786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.713488, "energy": 28.666877, "activity_lines": [ 9482.066667, 9527.654545, 9466.116667, 9726.473118 ] }, { "date": "2026-06-12", "close": 9489.0, "volume": 5, "typical_volume": 9663.25, "trend": 10038.75, "fair_value": 10277.471154, "relative_strength": -16.908629, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.684923, "energy": 26.036929, "activity_lines": [ 9470.8, 9526.554545, 9455.004762, 9688.410753 ] }, { "date": "2026-06-19", "close": 9415.0, "volume": 20, "typical_volume": 9562.15, "trend": 10004.216667, "fair_value": 10291.471154, "relative_strength": -16.224669, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.510849, "energy": 27.478204, "activity_lines": [ 9444.366667, 9504.545455, 9444.083333, 9648.168817 ] }, { "date": "2026-06-26", "close": 9103.0, "volume": 237, "typical_volume": 8929.1, "trend": 9946.0, "fair_value": 10301.496795, "relative_strength": -19.540017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.855544, "energy": 44.175826, "activity_lines": [ 9323.233333, 9419.054545, 9409.204762, 9590.025806 ] }, { "date": "2026-07-03", "close": 9309.5, "volume": 102, "typical_volume": 7768.45, "trend": 9888.533333, "fair_value": 10314.294872, "relative_strength": -18.44513, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.55907, "energy": 42.287796, "activity_lines": [ 9298.533333, 9386.763636, 9398.280952, 9548.96129 ] }, { "date": "2026-07-10", "close": 9334.0, "volume": 11008, "typical_volume": 7645.05, "trend": 9828.9, "fair_value": 10324.61859, "relative_strength": -16.193094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.990827, "energy": 35.962563, "activity_lines": [ 9302.4, 9363.990909, 9393.304762, 9513.184946 ] }, { "date": "2026-07-17", "close": 9556.0, "volume": 60344, "typical_volume": 9164.9, "trend": 9777.666667, "fair_value": 10334.387821, "relative_strength": -14.353823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.069389, "energy": 27.23376, "activity_lines": [ 9377.7, 9387.545455, 9412.466667, 9495.578495 ] }, { "date": "2026-07-24", "close": 9601.0, "volume": 5851, "typical_volume": 9209.45, "trend": 9728.916667, "fair_value": 10344.653846, "relative_strength": -14.376568, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.358107, "energy": 9.855467, "activity_lines": [ 9463.533333, 9420.654545, 9435.447619, 9484.180645 ] }, { "date": "2026-07-31", "close": 9672.5, "volume": 5933, "typical_volume": 8423.35, "trend": 9680.666667, "fair_value": 10355.24359, "relative_strength": -14.176872, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.2396, "energy": 12.542974, "activity_lines": [ 9560.8, 9465.918182, 9464.535714, 9480.54086 ] }, { "date": "2026-08-07", "close": 10174.0, "volume": 6333, "typical_volume": 8139.85, "trend": 9642.066667, "fair_value": 10369.823718, "relative_strength": -9.402385, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 54.877243, "energy": 55.504017, "activity_lines": [ 9787.266667, 9599.536364, 9537.842857, 9512.368817 ] } ], "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." } } }