{ "ticker": { "uuid": "4e6ef6e4-a6c2-4f41-baca-70ea7ba441be", "symbol": "IWL", "name": "ISHARES TRUST RUSSELL TOP 200 ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.948, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 79.249, "architecture_energy": 52.394, "architecture_maturity": 51.034, "architecture_confidence": 78.986, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 30.28, "rotation_up": 54.51, "upward_expansion": 80.42, "deceleration": 61.17, "rotation_down": 25.46, "downward_expansion": 7.08 }, "activity_lines": [ 186.553333, 185.342576, 183.688207, 180.044606 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 191.62, "trend_reference": 175.984485, "distance_from_trend": 0.088846, "trend_direction": "Improving", "fair_value": 143.392125, "distance_from_fair_value": 0.336336, "fair_value_direction": "Weakening", "relative_strength": -0.359186, "relative_strength_direction": "Weakening", "price_momentum": 0.124785, "excess_performance": -0.00084, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.088846, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.030367, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.336336, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.003597, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.003592, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.003055, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.124785, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.980543, "read": "Demand-led" } ], "volume": { "latest": 199736, "relative_activity": 0.806942, "balance": 1.980543, "dry_up": 0.86467, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.026158, "annualized_volatility": 0.150794, "from_high_reference": -0.00364, "from_low_reference": 0.235826 }, "levels": { "trend_reference": 175.984485, "fair_value_reference": 143.392125, "structural_low": 155.054194, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 41, "median_return": 0.022015, "positive_rate": 0.707317, "directional_follow_through": 0.707317, "median_excess_return": 0.000607, "regime_survival": 0.804878, "best_return": 0.0707, "worst_return": -0.068884, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.042545, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.001401, "regime_survival": 0.571429, "best_return": 0.13682, "worst_return": -0.048555, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.093669, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.003148, "regime_survival": 0.625, "best_return": 0.163263, "worst_return": -0.165405, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.176357, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.005624, "regime_survival": 0.5, "best_return": 0.33519, "worst_return": -0.102596, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-09", "tenure": "Developing", "return": 0.010017, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.016047, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-10", "tenure": "Established", "return": 0.094653, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-24", "tenure": "New", "return": 0.019176, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-21", "tenure": "Developing", "return": -0.063899, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.035197, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.130902, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.035392, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.047426, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-02-20", "tenure": "Extended", "return": 0.101028, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.031529, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-03", "tenure": "New", "return": 0.0091, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-04-24", "tenure": "New", "return": 0.055039, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.074072, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 101.731539, "volume": 136427, "typical_volume": 273629.0, "trend": 96.960337, "fair_value": 92.915045, "relative_strength": 1.265801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.706859, "energy": 46.906056, "activity_lines": [ 103.528832, 103.652812, 101.834433, 99.694803 ] }, { "date": "2023-08-25", "close": 102.67986, "volume": 292772, "typical_volume": 268594.3, "trend": 97.32369, "fair_value": 93.066654, "relative_strength": 1.377508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.740755, "energy": 33.240259, "activity_lines": [ 103.034673, 103.524551, 102.105189, 100.063804 ] }, { "date": "2023-09-01", "close": 105.4087, "volume": 143384, "typical_volume": 263203.65, "trend": 97.728026, "fair_value": 93.248909, "relative_strength": 1.453568, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.619782, "energy": 39.353274, "activity_lines": [ 103.612052, 103.887693, 102.595351, 100.585418 ] }, { "date": "2023-09-08", "close": 104.325389, "volume": 131264, "typical_volume": 256947.05, "trend": 98.131813, "fair_value": 93.437075, "relative_strength": 1.652548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.594459, "energy": 34.751498, "activity_lines": [ 103.893484, 103.975575, 102.931986, 101.011054 ] }, { "date": "2023-09-15", "close": 104.276521, "volume": 120217, "typical_volume": 247006.05, "trend": 98.54166, "fair_value": 93.627844, "relative_strength": 1.698124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.175731, "energy": 43.323399, "activity_lines": [ 104.133435, 104.033978, 103.217944, 101.407487 ] }, { "date": "2023-09-22", "close": 101.179965, "volume": 159828, "typical_volume": 242341.45, "trend": 98.929345, "fair_value": 93.800464, "relative_strength": 1.613662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.678873, "energy": 28.151559, "activity_lines": [ 103.298622, 103.486618, 103.167888, 101.5777 ] }, { "date": "2023-09-29", "close": 100.431508, "volume": 220229, "typical_volume": 246082.6, "trend": 99.234093, "fair_value": 93.961894, "relative_strength": 1.523877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.662943, "energy": 10.409994, "activity_lines": [ 102.251096, 102.861763, 103.017436, 101.674614 ] }, { "date": "2023-10-06", "close": 101.247629, "volume": 223452, "typical_volume": 236584.6, "trend": 99.692595, "fair_value": 94.110334, "relative_strength": 1.815216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.77443, "energy": 16.174998, "activity_lines": [ 101.6255, 102.470334, 102.918837, 101.804519 ] }, { "date": "2023-10-13", "close": 101.840289, "volume": 569308, "typical_volume": 254633.7, "trend": 100.098767, "fair_value": 94.261259, "relative_strength": 1.90002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.898028, "energy": 19.828868, "activity_lines": [ 101.474862, 102.280086, 102.855607, 101.94308 ] }, { "date": "2023-10-20", "close": 99.421072, "volume": 413787, "typical_volume": 257749.45, "trend": 100.38127, "fair_value": 94.401515, "relative_strength": 1.874816, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.487664, "energy": 23.006635, "activity_lines": [ 100.683492, 101.688295, 102.541478, 101.899358 ] }, { "date": "2023-10-27", "close": 96.924129, "volume": 325402, "typical_volume": 263251.35, "trend": 100.482449, "fair_value": 94.553366, "relative_strength": 1.809891, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.573531, "energy": 52.691339, "activity_lines": [ 99.383504, 100.719182, 101.989573, 101.676317 ] }, { "date": "2023-11-03", "close": 102.578684, "volume": 705763, "typical_volume": 268869.2, "trend": 100.762465, "fair_value": 94.706216, "relative_strength": 1.738025, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -11.259267, "energy": 22.04468, "activity_lines": [ 100.252091, 100.865578, 101.989505, 101.811558 ] }, { "date": "2023-11-10", "close": 104.327516, "volume": 188964, "typical_volume": 261394.1, "trend": 101.078906, "fair_value": 94.861734, "relative_strength": 2.018238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.090596, "energy": 18.915903, "activity_lines": [ 101.560476, 101.331783, 102.15523, 102.041561 ] }, { "date": "2023-11-17", "close": 106.464977, "volume": 196105, "typical_volume": 262634.05, "trend": 101.472385, "fair_value": 95.034717, "relative_strength": 1.700402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.996912, "energy": 32.452949, "activity_lines": [ 103.376022, 102.206276, 102.509165, 102.389049 ] }, { "date": "2023-11-24", "close": 107.621149, "volume": 114111, "typical_volume": 260221.0, "trend": 101.871598, "fair_value": 95.20155, "relative_strength": 1.722775, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 74.063547, "energy": 54.061601, "activity_lines": [ 105.268647, 103.252079, 102.95763, 102.785744 ] }, { "date": "2023-12-01", "close": 108.184661, "volume": 295796, "typical_volume": 265866.9, "trend": 102.308891, "fair_value": 95.363631, "relative_strength": 1.354243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.333163, "energy": 79.480899, "activity_lines": [ 106.802437, 104.339528, 103.432639, 103.193038 ] }, { "date": "2023-12-08", "close": 108.553859, "volume": 424060, "typical_volume": 273366.6, "trend": 102.760743, "fair_value": 95.532619, "relative_strength": 1.400527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.95205, "energy": 82.824937, "activity_lines": [ 107.70859, 105.366746, 103.924798, 103.595939 ] }, { "date": "2023-12-15", "close": 110.885634, "volume": 294437, "typical_volume": 281032.2, "trend": 103.229535, "fair_value": 95.709197, "relative_strength": 1.10111, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.287873, "energy": 87.742067, "activity_lines": [ 108.993658, 106.670244, 104.622626, 104.120126 ] }, { "date": "2023-12-22", "close": 111.873136, "volume": 624968, "typical_volume": 295445.6, "trend": 103.707444, "fair_value": 95.892166, "relative_strength": 1.01483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.255098, "energy": 90.859665, "activity_lines": [ 110.170684, 107.978051, 105.393075, 104.677778 ] }, { "date": "2023-12-29", "close": 112.233954, "volume": 454289, "typical_volume": 301728.15, "trend": 104.134345, "fair_value": 96.070131, "relative_strength": 0.93233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.493493, "energy": 90.682705, "activity_lines": [ 111.10744, 109.169046, 106.160146, 105.227875 ] }, { "date": "2024-01-05", "close": 110.507878, "volume": 569416, "typical_volume": 323377.6, "trend": 104.493982, "fair_value": 96.227557, "relative_strength": 0.889545, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.402829, "energy": 84.56466, "activity_lines": [ 111.161316, 109.813247, 106.721896, 105.639071 ] }, { "date": "2024-01-12", "close": 112.994598, "volume": 312576, "typical_volume": 324367.8, "trend": 104.846515, "fair_value": 96.410698, "relative_strength": 1.198295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.52429, "energy": 85.498193, "activity_lines": [ 111.889218, 110.662602, 107.478684, 106.187498 ] }, { "date": "2024-01-19", "close": 114.652411, "volume": 348781, "typical_volume": 334637.65, "trend": 105.298177, "fair_value": 96.591872, "relative_strength": 1.391233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.089639, "energy": 84.482704, "activity_lines": [ 112.873675, 111.623998, 108.344241, 106.820136 ] }, { "date": "2024-01-26", "close": 115.81288, "volume": 333742, "typical_volume": 344761.55, "trend": 105.718849, "fair_value": 96.798056, "relative_strength": 1.305309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.654678, "energy": 88.22189, "activity_lines": [ 113.993837, 112.608662, 109.276301, 107.498504 ] }, { "date": "2024-02-02", "close": 117.646227, "volume": 722746, "typical_volume": 374888.0, "trend": 106.242887, "fair_value": 96.991045, "relative_strength": 1.395242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.010449, "energy": 95.209675, "activity_lines": [ 115.462464, 113.7567, 110.328263, 108.268012 ] }, { "date": "2024-02-09", "close": 119.450317, "volume": 189795, "typical_volume": 376386.35, "trend": 106.744487, "fair_value": 97.189241, "relative_strength": 1.469242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.361275, "energy": 95.76242, "activity_lines": [ 117.171637, 115.050481, 111.488378, 109.120104 ] }, { "date": "2024-02-16", "close": 118.8262, "volume": 264558, "typical_volume": 378602.8, "trend": 107.201737, "fair_value": 97.388907, "relative_strength": 1.209532, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.032779, "energy": 91.755886, "activity_lines": [ 118.076608, 116.025956, 112.502052, 109.89957 ] }, { "date": "2024-02-23", "close": 120.913094, "volume": 152168, "typical_volume": 375038.6, "trend": 107.685972, "fair_value": 97.61747, "relative_strength": 1.223613, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.976451, "energy": 92.838242, "activity_lines": [ 119.288437, 117.194096, 113.626884, 110.784173 ] }, { "date": "2024-03-01", "close": 121.888278, "volume": 309755, "typical_volume": 362060.95, "trend": 108.283997, "fair_value": 97.848434, "relative_strength": 0.976197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.538435, "energy": 80.854189, "activity_lines": [ 120.407948, 118.357225, 114.750945, 111.700451 ] }, { "date": "2024-03-08", "close": 121.176394, "volume": 427861, "typical_volume": 362764.65, "trend": 108.868615, "fair_value": 98.061016, "relative_strength": 0.553791, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.201248, "energy": 69.126046, "activity_lines": [ 120.885139, 119.208827, 115.711742, 112.532219 ] }, { "date": "2024-03-15", "close": 121.215401, "volume": 235567, "typical_volume": 358272.9, "trend": 109.518077, "fair_value": 98.278684, "relative_strength": 0.6072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.005513, "energy": 68.126607, "activity_lines": [ 121.139987, 119.904931, 116.572656, 113.328786 ] }, { "date": "2024-03-22", "close": 124.145885, "volume": 232049, "typical_volume": 334587.2, "trend": 110.233611, "fair_value": 98.505768, "relative_strength": 0.748452, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.013518, "energy": 73.020053, "activity_lines": [ 122.253991, 120.939168, 117.596992, 114.272515 ] }, { "date": "2024-03-29", "close": 124.292549, "volume": 364591, "typical_volume": 343368.55, "trend": 110.863073, "fair_value": 98.726151, "relative_strength": 0.468407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.844671, "energy": 70.832139, "activity_lines": [ 123.062237, 121.797321, 118.532594, 115.179543 ] }, { "date": "2024-04-05", "close": 123.275681, "volume": 779234, "typical_volume": 372525.0, "trend": 111.494749, "fair_value": 98.922747, "relative_strength": 0.503351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.216794, "energy": 65.867386, "activity_lines": [ 123.30623, 122.295313, 119.276281, 115.980357 ] }, { "date": "2024-04-12", "close": 121.721046, "volume": 275193, "typical_volume": 380579.1, "trend": 112.076233, "fair_value": 99.100773, "relative_strength": 0.667462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.204776, "energy": 64.084593, "activity_lines": [ 122.939518, 122.374958, 119.791855, 116.640118 ] }, { "date": "2024-04-19", "close": 117.829571, "volume": 392543, "typical_volume": 385416.45, "trend": 112.63122, "fair_value": 99.25578, "relative_strength": 0.496341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.170258, "energy": 44.059025, "activity_lines": [ 121.239338, 121.672973, 119.869671, 117.011301 ] }, { "date": "2024-04-26", "close": 120.958395, "volume": 295951, "typical_volume": 379011.0, "trend": 113.31545, "fair_value": 99.430662, "relative_strength": 0.467709, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.441907, "energy": 31.097536, "activity_lines": [ 120.807821, 121.569334, 120.199542, 117.548538 ] }, { "date": "2024-05-03", "close": 121.887265, "volume": 593186, "typical_volume": 393948.45, "trend": 114.003438, "fair_value": 99.605542, "relative_strength": 0.601323, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.242782, "energy": 26.263056, "activity_lines": [ 120.898426, 121.595813, 120.558808, 118.101558 ] }, { "date": "2024-05-10", "close": 124.08722, "volume": 584340, "typical_volume": 391917.05, "trend": 114.745002, "fair_value": 99.802948, "relative_strength": 0.50596, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.093182, "energy": 35.460864, "activity_lines": [ 121.882702, 122.004572, 121.075204, 118.752125 ] }, { "date": "2024-05-17", "close": 126.160066, "volume": 162509, "typical_volume": 377328.05, "trend": 115.636302, "fair_value": 100.015988, "relative_strength": 0.493565, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 78.570197, "energy": 56.720198, "activity_lines": [ 123.503824, 122.750231, 121.730852, 119.488581 ] }, { "date": "2024-05-24", "close": 126.404505, "volume": 237305, "typical_volume": 360722.5, "trend": 116.618981, "fair_value": 100.223615, "relative_strength": 0.664447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.392152, "energy": 76.37869, "activity_lines": [ 124.910492, 123.449722, 122.343465, 120.183304 ] }, { "date": "2024-05-31", "close": 125.847183, "volume": 281659, "typical_volume": 359176.65, "trend": 117.394598, "fair_value": 100.423999, "relative_strength": 0.59036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.903002, "energy": 76.757248, "activity_lines": [ 125.559723, 123.953533, 122.827302, 120.778671 ] }, { "date": "2024-06-07", "close": 127.99825, "volume": 967979, "typical_volume": 390136.55, "trend": 118.183622, "fair_value": 100.635001, "relative_strength": 1.001917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.684317, "energy": 83.768342, "activity_lines": [ 126.600057, 124.817516, 123.454799, 121.462778 ] }, { "date": "2024-06-14", "close": 130.581628, "volume": 553047, "typical_volume": 401101.8, "trend": 118.987511, "fair_value": 100.870706, "relative_strength": 1.334433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.97767, "energy": 87.787566, "activity_lines": [ 128.094118, 126.083827, 124.264781, 122.262649 ] }, { "date": "2024-06-21", "close": 131.306918, "volume": 451690, "typical_volume": 387549.0, "trend": 119.777036, "fair_value": 101.095799, "relative_strength": 1.209809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.772851, "energy": 88.784272, "activity_lines": [ 129.396982, 127.349173, 125.07351, 123.05745 ] }, { "date": "2024-06-28", "close": 131.287316, "volume": 524234, "typical_volume": 404270.95, "trend": 120.547125, "fair_value": 101.309185, "relative_strength": 1.206377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.541338, "energy": 86.95757, "activity_lines": [ 130.350188, 128.436667, 125.815322, 123.800049 ] }, { "date": "2024-07-05", "close": 134.609929, "volume": 409696, "typical_volume": 411527.85, "trend": 121.41566, "fair_value": 101.540913, "relative_strength": 1.760629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.286619, "energy": 92.415504, "activity_lines": [ 132.085411, 129.883586, 126.817207, 124.707326 ] }, { "date": "2024-07-12", "close": 135.217604, "volume": 626598, "typical_volume": 435249.35, "trend": 122.226726, "fair_value": 101.78076, "relative_strength": 1.195945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.109272, "energy": 90.909605, "activity_lines": [ 133.43901, 131.192781, 127.801804, 125.597774 ] }, { "date": "2024-07-19", "close": 132.032208, "volume": 427852, "typical_volume": 441154.2, "trend": 122.898695, "fair_value": 101.987217, "relative_strength": 0.75306, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.438305, "energy": 73.869824, "activity_lines": [ 133.24952, 131.680444, 128.414914, 126.230386 ] }, { "date": "2024-07-26", "close": 130.473815, "volume": 414698, "typical_volume": 440496.05, "trend": 123.50669, "fair_value": 102.187908, "relative_strength": 0.367309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.597547, "energy": 60.346187, "activity_lines": [ 132.44386, 131.740309, 128.831301, 126.719103 ] }, { "date": "2024-08-02", "close": 127.729474, "volume": 823613, "typical_volume": 469898.35, "trend": 124.080744, "fair_value": 102.364794, "relative_strength": 0.353479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.574748, "energy": 38.301342, "activity_lines": [ 130.778959, 131.22277, 128.942049, 126.991541 ] }, { "date": "2024-08-09", "close": 127.670666, "volume": 386494, "typical_volume": 477620.6, "trend": 124.569946, "fair_value": 102.536959, "relative_strength": 0.260375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.271437, "energy": 25.315655, "activity_lines": [ 129.331646, 130.670449, 129.016177, 127.223149 ] }, { "date": "2024-08-16", "close": 133.149547, "volume": 428663, "typical_volume": 480824.2, "trend": 125.186517, "fair_value": 102.746949, "relative_strength": 0.509948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.670689, "energy": 27.178061, "activity_lines": [ 130.173244, 131.081134, 129.595318, 127.776672 ] }, { "date": "2024-08-23", "close": 134.884363, "volume": 201799, "typical_volume": 451952.45, "trend": 125.822233, "fair_value": 102.959083, "relative_strength": 0.376472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.292015, "energy": 36.619145, "activity_lines": [ 131.730984, 131.71358, 130.297504, 128.402339 ] }, { "date": "2024-08-30", "close": 135.286213, "volume": 265292, "typical_volume": 451457.4, "trend": 126.410233, "fair_value": 103.169389, "relative_strength": 0.373681, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.92704, "energy": 48.527843, "activity_lines": [ 133.232531, 132.340858, 130.982681, 129.012918 ] }, { "date": "2024-09-06", "close": 129.376078, "volume": 255510, "typical_volume": 444605.75, "trend": 126.741091, "fair_value": 103.352486, "relative_strength": 0.115433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.075332, "energy": 40.955038, "activity_lines": [ 132.443206, 131.821215, 131.040393, 129.204263 ] }, { "date": "2024-09-13", "close": 134.825556, "volume": 164664, "typical_volume": 438041.4, "trend": 127.274403, "fair_value": 103.573773, "relative_strength": 0.295139, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.926529, "energy": 44.555748, "activity_lines": [ 133.3606, 132.327136, 131.562119, 129.725842 ] }, { "date": "2024-09-20", "close": 136.826082, "volume": 186873, "typical_volume": 417725.75, "trend": 127.804836, "fair_value": 103.805085, "relative_strength": 0.337037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.188307, "energy": 51.237594, "activity_lines": [ 134.467844, 133.192869, 132.208337, 130.342079 ] }, { "date": "2024-09-27", "close": 137.480619, "volume": 175716, "typical_volume": 397294.55, "trend": 128.324581, "fair_value": 104.055786, "relative_strength": 0.229284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.019108, "energy": 47.454312, "activity_lines": [ 135.548164, 134.148363, 132.845755, 130.966323 ] }, { "date": "2024-10-04", "close": 138.021417, "volume": 323714, "typical_volume": 405354.8, "trend": 128.886082, "fair_value": 104.304626, "relative_strength": 0.34249, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.63319, "energy": 68.283596, "activity_lines": [ 136.635666, 135.103122, 133.470899, 131.591925 ] }, { "date": "2024-10-11", "close": 139.712639, "volume": 192020, "typical_volume": 403090.55, "trend": 129.502656, "fair_value": 104.552322, "relative_strength": 0.400535, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.83528, "energy": 73.223186, "activity_lines": [ 138.104563, 136.228147, 134.20063, 132.290413 ] }, { "date": "2024-10-18", "close": 140.764737, "volume": 155455, "typical_volume": 396780.35, "trend": 130.056618, "fair_value": 104.796564, "relative_strength": 0.277276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.258578, "energy": 77.55532, "activity_lines": [ 139.235054, 137.326587, 134.967188, 133.016999 ] }, { "date": "2024-10-25", "close": 139.692974, "volume": 159386, "typical_volume": 356350.7, "trend": 130.569965, "fair_value": 105.023129, "relative_strength": 0.45119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.642635, "energy": 73.167046, "activity_lines": [ 139.612346, 137.992087, 135.560638, 133.638699 ] }, { "date": "2024-11-01", "close": 137.755935, "volume": 575407, "typical_volume": 357468.7, "trend": 131.052641, "fair_value": 105.223959, "relative_strength": 0.429521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.52771, "energy": 60.257625, "activity_lines": [ 139.152832, 138.186426, 135.913918, 134.10231 ] }, { "date": "2024-11-08", "close": 144.383165, "volume": 265419, "typical_volume": 348155.15, "trend": 131.808045, "fair_value": 105.470419, "relative_strength": 0.472489, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.893175, "energy": 71.24499, "activity_lines": [ 140.88404, 139.533506, 136.8642, 134.962344 ] }, { "date": "2024-11-15", "close": 141.276036, "volume": 201535, "typical_volume": 332020.2, "trend": 132.589593, "fair_value": 105.692724, "relative_strength": 0.38365, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.576173, "energy": 54.716848, "activity_lines": [ 141.155422, 140.150255, 137.456297, 135.573182 ] }, { "date": "2024-11-22", "close": 143.419562, "volume": 415930, "typical_volume": 332331.9, "trend": 133.338299, "fair_value": 105.944448, "relative_strength": 0.226478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.454378, "energy": 59.855238, "activity_lines": [ 142.037086, 140.940372, 138.204974, 136.27189 ] }, { "date": "2024-11-29", "close": 145.02229, "volume": 266874, "typical_volume": 314345.7, "trend": 134.109466, "fair_value": 106.215042, "relative_strength": 0.147668, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.304708, "energy": 76.852961, "activity_lines": [ 143.276005, 141.86564, 139.064342, 137.025696 ] }, { "date": "2024-12-06", "close": 147.077321, "volume": 270183, "typical_volume": 306462.25, "trend": 134.875803, "fair_value": 106.472598, "relative_strength": 0.664513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.830082, "energy": 86.03145, "activity_lines": [ 144.844646, 143.015528, 140.072737, 137.862331 ] }, { "date": "2024-12-13", "close": 146.575854, "volume": 162918, "typical_volume": 293873.25, "trend": 135.556329, "fair_value": 106.740272, "relative_strength": 0.885999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.455372, "energy": 88.49905, "activity_lines": [ 145.624706, 143.899755, 140.96173, 138.617173 ] }, { "date": "2024-12-20", "close": 143.948768, "volume": 331788, "typical_volume": 269282.0, "trend": 136.141138, "fair_value": 106.975137, "relative_strength": 0.896637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.142238, "energy": 74.983742, "activity_lines": [ 145.382891, 144.150794, 141.523848, 139.158621 ] }, { "date": "2024-12-27", "close": 145.10233, "volume": 85684, "typical_volume": 254241.5, "trend": 136.782976, "fair_value": 107.213328, "relative_strength": 1.007485, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.348936, "energy": 56.473326, "activity_lines": [ 145.347414, 144.534551, 142.118595, 139.736762 ] }, { "date": "2025-01-03", "close": 144.265849, "volume": 175119, "typical_volume": 241564.3, "trend": 137.32523, "fair_value": 107.459454, "relative_strength": 0.908022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.613753, "energy": 46.409041, "activity_lines": [ 144.920927, 144.687356, 142.550669, 140.219528 ] }, { "date": "2025-01-10", "close": 141.621925, "volume": 265114, "typical_volume": 244730.05, "trend": 137.69324, "fair_value": 107.690575, "relative_strength": 0.983067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.726425, "energy": 28.60258, "activity_lines": [ 143.66356, 144.276304, 142.678006, 140.496735 ] }, { "date": "2025-01-17", "close": 145.506569, "volume": 260108, "typical_volume": 244470.85, "trend": 138.166561, "fair_value": 107.984972, "relative_strength": 0.763416, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.45556, "energy": 29.817713, "activity_lines": [ 144.064768, 144.50126, 143.143225, 141.00082 ] }, { "date": "2025-01-24", "close": 148.296809, "volume": 438369, "typical_volume": 253613.8, "trend": 138.733544, "fair_value": 108.291305, "relative_strength": 0.914387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.715167, "energy": 41.301332, "activity_lines": [ 145.467342, 145.213107, 143.825513, 141.654385 ] }, { "date": "2025-01-31", "close": 146.808024, "volume": 296413, "typical_volume": 260201.25, "trend": 139.140148, "fair_value": 108.577711, "relative_strength": 0.89883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.340267, "energy": 40.193369, "activity_lines": [ 146.083784, 145.526616, 144.275913, 142.175319 ] }, { "date": "2025-02-07", "close": 146.374206, "volume": 235823, "typical_volume": 262648.75, "trend": 139.512034, "fair_value": 108.875788, "relative_strength": 0.758377, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.116881, "energy": 44.420979, "activity_lines": [ 146.441908, 145.69964, 144.627938, 142.642032 ] }, { "date": "2025-02-14", "close": 148.898239, "volume": 324386, "typical_volume": 270082.25, "trend": 140.074235, "fair_value": 109.200427, "relative_strength": 0.968267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.344426, "energy": 62.430916, "activity_lines": [ 147.500819, 146.306998, 145.174879, 143.247594 ] }, { "date": "2025-02-21", "close": 146.384065, "volume": 319990, "typical_volume": 269896.05, "trend": 140.604577, "fair_value": 109.503667, "relative_strength": 0.855327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.93032, "energy": 41.570808, "activity_lines": [ 147.236584, 146.424127, 145.428006, 143.65468 ] }, { "date": "2025-02-28", "close": 144.609355, "volume": 395329, "typical_volume": 280061.5, "trend": 141.16724, "fair_value": 109.804335, "relative_strength": 0.577153, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.378396, "energy": 30.580222, "activity_lines": [ 146.322279, 146.222068, 145.472291, 143.913052 ] }, { "date": "2025-03-07", "close": 139.935949, "volume": 1301941, "typical_volume": 337385.8, "trend": 141.576083, "fair_value": 110.093261, "relative_strength": 0.387519, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.174535, "energy": 8.214655, "activity_lines": [ 144.096003, 145.158289, 145.048172, 143.833614 ] }, { "date": "2025-03-14", "close": 136.721751, "volume": 423560, "typical_volume": 350594.5, "trend": 141.695156, "fair_value": 110.323148, "relative_strength": 0.343495, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -33.381947, "energy": 31.441522, "activity_lines": [ 141.256466, 143.604044, 144.321885, 143.520432 ] }, { "date": "2025-03-21", "close": 137.427113, "volume": 279472, "typical_volume": 335797.75, "trend": 141.779914, "fair_value": 110.544997, "relative_strength": 0.330682, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -30.911583, "energy": 38.614725, "activity_lines": [ 139.295546, 142.315212, 143.676925, 143.245074 ] }, { "date": "2025-03-28", "close": 135.084437, "volume": 527214, "typical_volume": 348887.5, "trend": 141.773188, "fair_value": 110.750976, "relative_strength": 0.077475, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.965679, "energy": 65.230465, "activity_lines": [ 137.318476, 140.676708, 142.810418, 142.813108 ] }, { "date": "2025-04-04", "close": 122.837282, "volume": 1153457, "typical_volume": 396483.6, "trend": 141.555229, "fair_value": 110.887825, "relative_strength": 0.059676, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -65.885214, "energy": 81.343432, "activity_lines": [ 132.01233, 137.000942, 140.821795, 141.591436 ] }, { "date": "2025-04-11", "close": 130.329892, "volume": 1112863, "typical_volume": 431330.25, "trend": 141.405373, "fair_value": 111.088292, "relative_strength": 0.44227, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.379553, "energy": 79.499805, "activity_lines": [ 130.655192, 135.150369, 139.634557, 140.867221 ] }, { "date": "2025-04-18", "close": 127.918023, "volume": 369160, "typical_volume": 436444.55, "trend": 141.108438, "fair_value": 111.292053, "relative_strength": -0.022283, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.268488, "energy": 81.101166, "activity_lines": [ 129.134501, 133.160877, 138.27995, 139.997069 ] }, { "date": "2025-04-25", "close": 134.115736, "volume": 300854, "typical_volume": 437978.1, "trend": 140.996275, "fair_value": 111.55582, "relative_strength": 0.188928, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.358681, "energy": 60.81481, "activity_lines": [ 130.26663, 132.633809, 137.59705, 139.545927 ] }, { "date": "2025-05-02", "close": 138.099274, "volume": 461672, "typical_volume": 452915.8, "trend": 140.99887, "fair_value": 111.846218, "relative_strength": 0.212701, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.326607, "energy": 36.945755, "activity_lines": [ 132.947363, 133.099793, 137.355256, 139.359024 ] }, { "date": "2025-05-09", "close": 137.130572, "volume": 216792, "typical_volume": 447166.0, "trend": 140.912801, "fair_value": 112.145691, "relative_strength": -0.077154, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.352836, "energy": 22.950416, "activity_lines": [ 135.104207, 133.540282, 137.061569, 139.109456 ] }, { "date": "2025-05-16", "close": 144.662721, "volume": 229492, "typical_volume": 454356.4, "trend": 141.042734, "fair_value": 112.512018, "relative_strength": 0.097114, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.420306, "energy": 18.875112, "activity_lines": [ 138.818881, 135.486231, 137.517698, 139.351387 ] }, { "date": "2025-05-23", "close": 141.321689, "volume": 310588, "typical_volume": 461129.85, "trend": 141.097025, "fair_value": 112.819907, "relative_strength": 0.315502, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.24058, "energy": 23.448024, "activity_lines": [ 140.464355, 136.738778, 137.657727, 139.369384 ] }, { "date": "2025-05-30", "close": 143.980676, "volume": 206110, "typical_volume": 458179.65, "trend": 141.304516, "fair_value": 113.151599, "relative_strength": 0.399503, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.680556, "energy": 26.501938, "activity_lines": [ 142.102581, 138.391142, 138.065012, 139.555426 ] }, { "date": "2025-06-06", "close": 146.323352, "volume": 228850, "typical_volume": 456616.75, "trend": 141.369189, "fair_value": 113.528114, "relative_strength": 0.360867, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.555176, "energy": 33.177951, "activity_lines": [ 143.864036, 140.350292, 138.684177, 139.879222 ] }, { "date": "2025-06-13", "close": 145.987272, "volume": 291929, "typical_volume": 449294.75, "trend": 141.52623, "fair_value": 113.932398, "relative_strength": 0.482121, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.602155, "energy": 44.491378, "activity_lines": [ 144.965193, 142.043992, 139.267445, 140.177163 ] }, { "date": "2025-06-20", "close": 145.499102, "volume": 152421, "typical_volume": 442095.15, "trend": 141.595548, "fair_value": 114.297217, "relative_strength": 0.301777, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.249191, "energy": 43.336503, "activity_lines": [ 145.31318, 143.228025, 139.815218, 140.433477 ] }, { "date": "2025-06-27", "close": 150.92906, "volume": 328236, "typical_volume": 446715.8, "trend": 141.79244, "fair_value": 114.710706, "relative_strength": 0.544717, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.847248, "energy": 52.990893, "activity_lines": [ 147.415394, 145.123519, 140.886363, 141.035639 ] }, { "date": "2025-07-04", "close": 153.465683, "volume": 164744, "typical_volume": 438733.7, "trend": 142.005386, "fair_value": 115.128058, "relative_strength": 0.53177, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.303197, "energy": 67.520039, "activity_lines": [ 149.722657, 147.061835, 142.177402, 141.788751 ] }, { "date": "2025-07-11", "close": 152.910797, "volume": 162316, "typical_volume": 430850.0, "trend": 142.216551, "fair_value": 115.547594, "relative_strength": 0.438739, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.369001, "energy": 84.280637, "activity_lines": [ 151.212625, 148.547445, 143.393845, 142.492326 ] }, { "date": "2025-07-18", "close": 154.060204, "volume": 130798, "typical_volume": 417623.45, "trend": 142.553599, "fair_value": 115.960697, "relative_strength": 0.539396, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.331635, "energy": 88.500201, "activity_lines": [ 152.646565, 149.972738, 144.688675, 143.256433 ] }, { "date": "2025-07-25", "close": 156.230206, "volume": 175790, "typical_volume": 361315.9, "trend": 142.924528, "fair_value": 116.363711, "relative_strength": 0.411514, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.234574, "energy": 91.955767, "activity_lines": [ 154.265644, 151.484766, 146.145168, 144.138795 ] }, { "date": "2025-08-01", "close": 152.603628, "volume": 250592, "typical_volume": 352667.5, "trend": 143.202454, "fair_value": 116.739935, "relative_strength": 0.484895, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.191451, "energy": 85.49797, "activity_lines": [ 153.960457, 152.127097, 147.178681, 144.763253 ] }, { "date": "2025-08-08", "close": 157.042718, "volume": 200779, "typical_volume": 348732.85, "trend": 143.71648, "fair_value": 117.126233, "relative_strength": 0.867512, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.286457, "energy": 86.923994, "activity_lines": [ 155.023328, 153.37141, 148.559336, 145.656173 ] }, { "date": "2025-08-15", "close": 158.499294, "volume": 219157, "typical_volume": 333330.0, "trend": 144.149571, "fair_value": 117.528708, "relative_strength": 0.787724, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.710511, "energy": 89.423202, "activity_lines": [ 156.333256, 154.643063, 149.985305, 146.609903 ] }, { "date": "2025-08-22", "close": 158.439842, "volume": 259653, "typical_volume": 288639.8, "trend": 144.487672, "fair_value": 117.955718, "relative_strength": 0.437481, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.8094, "energy": 78.176346, "activity_lines": [ 157.2508, 155.682526, 151.294113, 147.531856 ] }, { "date": "2025-08-29", "close": 158.52902, "volume": 229935, "typical_volume": 244493.4, "trend": 144.878372, "fair_value": 118.402841, "relative_strength": 0.512574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.42465, "energy": 83.852131, "activity_lines": [ 157.906094, 156.511792, 152.441878, 148.437749 ] }, { "date": "2025-09-05", "close": 159.173084, "volume": 262768, "typical_volume": 239173.8, "trend": 145.305001, "fair_value": 118.833696, "relative_strength": 0.551574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.532657, "energy": 81.271643, "activity_lines": [ 158.622822, 157.221254, 153.516701, 149.359989 ] }, { "date": "2025-09-12", "close": 162.036694, "volume": 274143, "typical_volume": 237838.25, "trend": 145.74295, "fair_value": 119.310632, "relative_strength": 0.748552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.257856, "energy": 71.526905, "activity_lines": [ 159.856123, 158.301481, 154.715415, 150.439453 ] }, { "date": "2025-09-19", "close": 164.627285, "volume": 228584, "typical_volume": 226183.85, "trend": 146.351057, "fair_value": 119.829334, "relative_strength": 1.075832, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.510901, "energy": 74.997321, "activity_lines": [ 161.620022, 159.696887, 156.027895, 151.657797 ] }, { "date": "2025-09-26", "close": 163.892298, "volume": 322685, "typical_volume": 231478.5, "trend": 146.993822, "fair_value": 120.35892, "relative_strength": 0.877589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.91382, "energy": 78.328859, "activity_lines": [ 162.730393, 160.745633, 157.144053, 152.78949 ] }, { "date": "2025-10-03", "close": 165.57085, "volume": 232019, "typical_volume": 231604.85, "trend": 147.848319, "fair_value": 120.892269, "relative_strength": 0.756858, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.682046, "energy": 84.533014, "activity_lines": [ 164.036785, 161.920804, 158.292636, 153.988008 ] }, { "date": "2025-10-10", "close": 162.005167, "volume": 252086, "typical_volume": 228679.75, "trend": 148.691099, "fair_value": 121.410432, "relative_strength": 0.998707, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.241739, "energy": 66.125773, "activity_lines": [ 163.68516, 162.27784, 159.002067, 154.901353 ] }, { "date": "2025-10-17", "close": 164.825931, "volume": 252233, "typical_volume": 230985.9, "trend": 149.604393, "fair_value": 121.920597, "relative_strength": 0.964114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.399005, "energy": 65.905615, "activity_lines": [ 164.084984, 162.976805, 159.88165, 155.94231 ] }, { "date": "2025-10-24", "close": 167.895, "volume": 213118, "typical_volume": 230199.3, "trend": 150.698078, "fair_value": 122.431472, "relative_strength": 0.861716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.003649, "energy": 69.540884, "activity_lines": [ 165.321882, 164.092269, 160.954262, 157.122349 ] }, { "date": "2025-10-31", "close": 169.851656, "volume": 178898, "typical_volume": 224547.75, "trend": 152.265224, "fair_value": 122.976736, "relative_strength": 1.278993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.254721, "energy": 70.960992, "activity_lines": [ 166.99315, 165.392658, 162.1105, 158.358064 ] }, { "date": "2025-11-07", "close": 166.613738, "volume": 144563, "typical_volume": 224154.85, "trend": 153.474686, "fair_value": 123.468414, "relative_strength": 0.95854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.13842, "energy": 63.765278, "activity_lines": [ 167.187823, 165.896847, 162.844725, 159.283774 ] }, { "date": "2025-11-14", "close": 167.011029, "volume": 244950, "typical_volume": 219990.55, "trend": 154.777786, "fair_value": 123.965706, "relative_strength": 1.019578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.967962, "energy": 59.427358, "activity_lines": [ 167.4454, 166.326276, 163.516241, 160.157087 ] }, { "date": "2025-11-21", "close": 163.475143, "volume": 337468, "typical_volume": 228626.75, "trend": 155.756433, "fair_value": 124.432751, "relative_strength": 0.782453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.933498, "energy": 47.461525, "activity_lines": [ 166.190624, 165.970308, 163.774425, 160.718207 ] }, { "date": "2025-11-28", "close": 169.662943, "volume": 209529, "typical_volume": 230987.4, "trend": 156.808555, "fair_value": 124.93207, "relative_strength": 0.831974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.217054, "energy": 47.15803, "activity_lines": [ 167.0885, 166.713241, 164.57426, 161.615401 ] }, { "date": "2025-12-05", "close": 170.318473, "volume": 204996, "typical_volume": 234697.3, "trend": 157.914818, "fair_value": 125.455215, "relative_strength": 0.854615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.207897, "energy": 49.675532, "activity_lines": [ 168.087024, 167.483805, 165.356754, 162.487008 ] }, { "date": "2025-12-12", "close": 168.957753, "volume": 248077, "typical_volume": 238311.65, "trend": 158.724653, "fair_value": 125.981617, "relative_strength": 0.607542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.964163, "energy": 45.890704, "activity_lines": [ 168.600853, 167.890125, 165.932235, 163.199456 ] }, { "date": "2025-12-19", "close": 169.385554, "volume": 295299, "typical_volume": 240547.0, "trend": 159.660115, "fair_value": 126.512795, "relative_strength": 0.720834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.075418, "energy": 49.296721, "activity_lines": [ 169.101015, 168.312646, 166.487852, 163.887256 ] }, { "date": "2025-12-26", "close": 171.865096, "volume": 191773, "typical_volume": 240096.7, "trend": 160.589596, "fair_value": 127.060175, "relative_strength": 0.738639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.234793, "energy": 57.316101, "activity_lines": [ 170.26939, 169.051805, 167.199702, 164.674674 ] }, { "date": "2026-01-02", "close": 169.933244, "volume": 537366, "typical_volume": 256007.15, "trend": 161.376592, "fair_value": 127.588579, "relative_strength": 0.630261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.407875, "energy": 46.068577, "activity_lines": [ 170.234483, 169.311734, 167.656983, 165.27749 ] }, { "date": "2026-01-09", "close": 172.313206, "volume": 439894, "typical_volume": 265019.2, "trend": 162.254123, "fair_value": 128.116652, "relative_strength": 0.425897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.19031, "energy": 50.808771, "activity_lines": [ 170.974877, 169.967323, 168.28648, 165.983078 ] }, { "date": "2026-01-16", "close": 171.327364, "volume": 365788, "typical_volume": 271811.85, "trend": 163.115065, "fair_value": 128.641301, "relative_strength": 0.188653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.410922, "energy": 47.391887, "activity_lines": [ 171.253675, 170.398914, 168.756023, 166.568448 ] }, { "date": "2026-01-23", "close": 170.769716, "volume": 220795, "typical_volume": 269713.2, "trend": 163.776421, "fair_value": 129.14765, "relative_strength": 0.206906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.408506, "energy": 41.50045, "activity_lines": [ 171.188616, 170.643411, 169.111513, 167.062297 ] }, { "date": "2026-01-30", "close": 171.556398, "volume": 218384, "typical_volume": 266925.25, "trend": 164.379444, "fair_value": 129.64943, "relative_strength": 0.261111, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.648754, "energy": 41.225996, "activity_lines": [ 171.293507, 170.962602, 169.486702, 167.564231 ] }, { "date": "2026-02-06", "close": 170.361438, "volume": 718168, "typical_volume": 291404.45, "trend": 164.961132, "fair_value": 130.15039, "relative_strength": -0.244037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.664281, "energy": 33.830892, "activity_lines": [ 171.020658, 170.917595, 169.702754, 167.950166 ] }, { "date": "2026-02-13", "close": 167.692695, "volume": 259654, "typical_volume": 288252.9, "trend": 165.415549, "fair_value": 130.63572, "relative_strength": -0.520657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.380653, "energy": 18.931205, "activity_lines": [ 169.829681, 170.374662, 169.637335, 168.126396 ] }, { "date": "2026-02-20", "close": 169.624546, "volume": 257016, "typical_volume": 289502.75, "trend": 165.862027, "fair_value": 131.149023, "relative_strength": -0.48923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.468877, "energy": 16.040859, "activity_lines": [ 169.590689, 170.230717, 169.737804, 168.397944 ] }, { "date": "2026-02-27", "close": 168.65862, "volume": 259301, "typical_volume": 289863.5, "trend": 166.397193, "fair_value": 131.644981, "relative_strength": -0.556905, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.872112, "energy": 17.304358, "activity_lines": [ 169.143243, 169.899025, 169.726977, 168.578369 ] }, { "date": "2026-03-06", "close": 165.840507, "volume": 401665, "typical_volume": 297335.1, "trend": 166.690453, "fair_value": 132.147212, "relative_strength": -0.245643, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.808542, "energy": 14.793669, "activity_lines": [ 167.897165, 169.068166, 169.416075, 168.542454 ] }, { "date": "2026-03-13", "close": 163.341049, "volume": 444397, "typical_volume": 308899.05, "trend": 166.851845, "fair_value": 132.619557, "relative_strength": -0.258899, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.616093, "energy": 35.951892, "activity_lines": [ 166.198995, 167.892398, 168.862298, 168.326364 ] }, { "date": "2026-03-20", "close": 160.103584, "volume": 227779, "typical_volume": 311343.1, "trend": 166.907303, "fair_value": 133.062875, "relative_strength": -0.446502, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.001421, "energy": 59.216091, "activity_lines": [ 163.889695, 166.247858, 168.021877, 167.890992 ] }, { "date": "2026-03-27", "close": 156.082034, "volume": 257463, "typical_volume": 316988.1, "trend": 166.825737, "fair_value": 133.46155, "relative_strength": -0.732814, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.25314, "energy": 74.919612, "activity_lines": [ 160.745819, 164.09412, 166.84487, 167.192588 ] }, { "date": "2026-04-03", "close": 161.560523, "volume": 239780, "typical_volume": 316729.6, "trend": 166.905318, "fair_value": 133.893488, "relative_strength": -0.658082, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.516911, "energy": 74.902015, "activity_lines": [ 160.330941, 163.213659, 166.239775, 166.852896 ] }, { "date": "2026-04-10", "close": 167.527984, "volume": 268680, "typical_volume": 313290.2, "trend": 167.088361, "fair_value": 134.359473, "relative_strength": -0.568689, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.651522, "energy": 50.060798, "activity_lines": [ 162.378422, 163.585631, 166.228965, 166.893068 ] }, { "date": "2026-04-17", "close": 175.650916, "volume": 362554, "typical_volume": 320941.45, "trend": 167.455815, "fair_value": 134.878642, "relative_strength": -0.263609, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.719394, "energy": 6.351407, "activity_lines": [ 167.021049, 165.507743, 166.972467, 167.445491 ] }, { "date": "2026-04-24", "close": 176.748609, "volume": 282451, "typical_volume": 324814.2, "trend": 167.884359, "fair_value": 135.398538, "relative_strength": -0.18387, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 34.739485, "energy": 35.717448, "activity_lines": [ 171.208916, 167.533264, 167.791998, 168.045026 ] }, { "date": "2026-05-01", "close": 178.405128, "volume": 297100, "typical_volume": 327265.35, "trend": 168.312168, "fair_value": 135.932764, "relative_strength": -0.195005, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.61832, "energy": 58.07195, "activity_lines": [ 174.839288, 169.695316, 168.738673, 168.723786 ] }, { "date": "2026-05-08", "close": 182.895693, "volume": 433540, "typical_volume": 334177.4, "trend": 169.008519, "fair_value": 136.496209, "relative_strength": -0.053648, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.27224, "energy": 84.998735, "activity_lines": [ 178.478308, 172.514189, 170.068033, 169.664658 ] }, { "date": "2026-05-15", "close": 183.514393, "volume": 156641, "typical_volume": 332420.8, "trend": 169.631468, "fair_value": 137.05193, "relative_strength": 0.058491, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.31289, "energy": 87.736852, "activity_lines": [ 180.901217, 175.186696, 171.391983, 170.600521 ] }, { "date": "2026-05-22", "close": 185.001268, "volume": 210363, "typical_volume": 316070.65, "trend": 170.201677, "fair_value": 137.612606, "relative_strength": -0.015976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.076369, "energy": 88.301721, "activity_lines": [ 182.75399, 177.808201, 172.802068, 171.592121 ] }, { "date": "2026-05-29", "close": 187.735523, "volume": 253050, "typical_volume": 306728.45, "trend": 170.797806, "fair_value": 138.178687, "relative_strength": -0.000515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.66742, "energy": 90.727348, "activity_lines": [ 184.894825, 180.533021, 174.400805, 172.723337 ] }, { "date": "2026-06-05", "close": 182.556405, "volume": 203801, "typical_volume": 298629.1, "trend": 171.329228, "fair_value": 138.709697, "relative_strength": -0.267259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.5666, "energy": 75.317366, "activity_lines": [ 184.576827, 181.813784, 175.432853, 173.481956 ] }, { "date": "2026-06-12", "close": 183.155147, "volume": 386071, "typical_volume": 306892.9, "trend": 171.867365, "fair_value": 139.227239, "relative_strength": -0.503513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.992493, "energy": 57.285368, "activity_lines": [ 184.181657, 182.722057, 176.468453, 174.244919 ] }, { "date": "2026-06-19", "close": 185.01, "volume": 173551, "typical_volume": 304651.25, "trend": 172.585194, "fair_value": 139.765108, "relative_strength": -0.423011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.752958, "energy": 55.509654, "activity_lines": [ 184.387474, 183.574947, 177.621727, 175.092831 ] }, { "date": "2026-06-26", "close": 180.43, "volume": 273398, "typical_volume": 282412.75, "trend": 172.944096, "fair_value": 140.260218, "relative_strength": -0.518489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.478481, "energy": 39.643428, "activity_lines": [ 182.966918, 183.277255, 178.274745, 175.598947 ] }, { "date": "2026-07-03", "close": 184.49, "volume": 165086, "typical_volume": 277684.35, "trend": 173.41648, "fair_value": 140.789481, "relative_strength": -0.43335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.01958, "energy": 40.287355, "activity_lines": [ 183.204447, 183.630852, 179.266485, 176.343844 ] }, { "date": "2026-07-10", "close": 187.12, "volume": 130812, "typical_volume": 271374.15, "trend": 174.021888, "fair_value": 141.319722, "relative_strength": -0.373972, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.562652, "energy": 50.207957, "activity_lines": [ 184.53501, 184.321878, 180.428714, 177.227942 ] }, { "date": "2026-07-17", "close": 183.785, "volume": 223844, "typical_volume": 269601.3, "trend": 174.50187, "fair_value": 141.824057, "relative_strength": -0.607402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.553683, "energy": 43.842751, "activity_lines": [ 184.449667, 184.248088, 181.190012, 177.857821 ] }, { "date": "2026-07-24", "close": 182.37, "volume": 241360, "typical_volume": 261586.05, "trend": 174.852033, "fair_value": 142.311134, "relative_strength": -0.782048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.683977, "energy": 38.990165, "activity_lines": [ 183.850667, 183.900857, 181.744518, 178.365442 ] }, { "date": "2026-07-31", "close": 184.6, "volume": 191160, "typical_volume": 248924.2, "trend": 175.340925, "fair_value": 142.828137, "relative_strength": -0.649687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.483341, "energy": 40.459293, "activity_lines": [ 184.171, 183.979887, 182.432693, 178.994343 ] }, { "date": "2026-08-07", "close": 191.62, "volume": 199736, "typical_volume": 247522.05, "trend": 175.984485, "fair_value": 143.392125, "relative_strength": -0.359186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.248571, "energy": 52.394343, "activity_lines": [ 186.553333, 185.342576, 183.688207, 180.044606 ] } ], "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." } } }