{ "ticker": { "uuid": "510a2bc5-0a50-4b8c-8a90-2bb71396d334", "symbol": "IGLB", "name": "ISHARES TRUST 10+ YR INVESTMENT GRADE CORPORATE BD 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 70.66, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -62.767, "architecture_energy": 74.164, "architecture_maturity": 5.786, "architecture_confidence": 82.53, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 18.46, "rotation_up": 8.33, "upward_expansion": 16.86, "deceleration": 37.03, "rotation_down": 74.04, "downward_expansion": 90.2 }, "activity_lines": [ 48.128452, 48.646123, 48.987208, 49.105692 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 48.21, "trend_reference": 49.310936, "distance_from_trend": -0.022326, "trend_direction": "Weakening", "fair_value": 46.907921, "distance_from_fair_value": 0.027758, "fair_value_direction": "Weakening", "relative_strength": -13.089866, "relative_strength_direction": "Weakening", "price_momentum": -0.032433, "excess_performance": -0.158058, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.022326, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003238, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.027758, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.037966, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.130899, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.031318, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.032433, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.753411, "read": "Supply-led" } ], "volume": { "latest": 7420707, "relative_activity": 0.902341, "balance": 0.753411, "dry_up": 1.296635, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.01584, "annualized_volatility": 0.083948, "from_high_reference": -0.050921, "from_low_reference": 0.013096 }, "levels": { "trend_reference": 49.310936, "fair_value_reference": 46.907921, "structural_low": 47.586816, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": -0.024467, "positive_rate": 0.368421, "directional_follow_through": 0.631579, "median_excess_return": 0.004792, "regime_survival": 0.736842, "best_return": 0.133181, "worst_return": -0.08229, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.001612, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.048736, "regime_survival": 0.5, "best_return": 0.156406, "worst_return": -0.139922, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.013825, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.03633, "regime_survival": 0.25, "best_return": 0.060966, "worst_return": -0.174776, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.085164, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.085823, "regime_survival": 0.0, "best_return": 0.13422, "worst_return": -0.17216, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-02", "end": "2024-10-18", "tenure": "Developing", "return": 0.006816, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-12-27", "tenure": "Developing", "return": -0.022806, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.015831, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": 0.022463, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-07-04", "tenure": "Established", "return": -0.002836, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-14", "tenure": "Established", "return": 0.046759, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-21", "end": "2026-02-13", "tenure": "Established", "return": 0.020735, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": -0.015384, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-13", "end": "2026-03-27", "tenure": "New", "return": -0.005907, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.011249, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-06-26", "tenure": "Developing", "return": 0.010116, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": -0.016077, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": -0.01797, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.009926, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 42.038374, "volume": 1683463, "typical_volume": 2341671.75, "trend": 43.794108, "fair_value": 49.661042, "relative_strength": -10.018186, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.620934, "energy": 66.051606, "activity_lines": [ 42.824916, 43.268458, 43.503178, 43.647573 ] }, { "date": "2023-08-25", "close": 42.652894, "volume": 2291038, "typical_volume": 2380281.65, "trend": 43.718967, "fair_value": 49.586165, "relative_strength": -9.183692, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.018225, "energy": 64.04514, "activity_lines": [ 42.634289, 43.106621, 43.398017, 43.573946 ] }, { "date": "2023-09-01", "close": 42.796262, "volume": 1989913, "typical_volume": 2410622.65, "trend": 43.640465, "fair_value": 49.510662, "relative_strength": -10.870187, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.859919, "energy": 62.441821, "activity_lines": [ 42.604899, 42.995468, 43.318103, 43.514417 ] }, { "date": "2023-09-08", "close": 42.700657, "volume": 3224898, "typical_volume": 2479762.05, "trend": 43.609527, "fair_value": 49.432609, "relative_strength": -9.741313, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.68114, "energy": 54.173316, "activity_lines": [ 42.626264, 42.88988, 43.237072, 43.453784 ] }, { "date": "2023-09-15", "close": 42.39646, "volume": 2479734, "typical_volume": 2525775.45, "trend": 43.582546, "fair_value": 49.351164, "relative_strength": -10.00436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.337077, "energy": 37.992867, "activity_lines": [ 42.567858, 42.757573, 43.1347, 43.375522 ] }, { "date": "2023-09-22", "close": 42.161793, "volume": 4577126, "typical_volume": 2647086.9, "trend": 43.566352, "fair_value": 49.272439, "relative_strength": -7.533166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.764768, "energy": 38.216087, "activity_lines": [ 42.44948, 42.59375, 43.021535, 43.28386 ] }, { "date": "2023-09-29", "close": 40.971077, "volume": 4308676, "typical_volume": 2798607.65, "trend": 43.496815, "fair_value": 49.184406, "relative_strength": -9.229469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.258444, "energy": 59.006532, "activity_lines": [ 41.925968, 42.246093, 42.804507, 43.116423 ] }, { "date": "2023-10-06", "close": 39.902328, "volume": 6182505, "typical_volume": 3012164.1, "trend": 43.377784, "fair_value": 49.089472, "relative_strength": -11.714103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.571599, "energy": 82.679839, "activity_lines": [ 41.158327, 41.765636, 42.499801, 42.884521 ] }, { "date": "2023-10-13", "close": 40.740539, "volume": 5244020, "typical_volume": 3159473.05, "trend": 43.277354, "fair_value": 48.998366, "relative_strength": -10.005807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.608665, "energy": 79.981624, "activity_lines": [ 40.863019, 41.512732, 42.289274, 42.714376 ] }, { "date": "2023-10-20", "close": 39.099043, "volume": 3543470, "typical_volume": 3170785.15, "trend": 43.101546, "fair_value": 48.899778, "relative_strength": -11.345571, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.202995, "energy": 90.806855, "activity_lines": [ 40.15122, 41.002911, 41.933178, 42.444807 ] }, { "date": "2023-10-27", "close": 39.561805, "volume": 3565640, "typical_volume": 3260347.8, "trend": 42.937484, "fair_value": 48.807346, "relative_strength": -7.89027, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.555218, "energy": 86.306896, "activity_lines": [ 39.813503, 40.642158, 41.64244, 42.216437 ] }, { "date": "2023-11-03", "close": 41.005458, "volume": 3968328, "typical_volume": 3354671.85, "trend": 42.80142, "fair_value": 48.713436, "relative_strength": -9.61982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.770503, "energy": 59.199519, "activity_lines": [ 40.130336, 40.588917, 41.507661, 42.09179 ] }, { "date": "2023-11-10", "close": 41.294908, "volume": 3021202, "typical_volume": 3256045.65, "trend": 42.695461, "fair_value": 48.622382, "relative_strength": -10.034646, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.438394, "energy": 47.211947, "activity_lines": [ 40.541361, 40.618256, 41.41474, 41.994596 ] }, { "date": "2023-11-17", "close": 42.443938, "volume": 3735697, "typical_volume": 3317045.55, "trend": 42.633484, "fair_value": 48.530347, "relative_strength": -9.405493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.005504, "energy": 18.117094, "activity_lines": [ 41.242557, 40.883807, 41.444411, 41.978369 ] }, { "date": "2023-11-24", "close": 42.619363, "volume": 2284264, "typical_volume": 3340423.4, "trend": 42.560025, "fair_value": 48.438887, "relative_strength": -9.684847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.41254, "energy": 22.876015, "activity_lines": [ 41.888667, 41.185921, 41.499499, 41.977458 ] }, { "date": "2023-12-01", "close": 44.207893, "volume": 4189699, "typical_volume": 3412667.2, "trend": 42.561462, "fair_value": 48.360552, "relative_strength": -6.850465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.832704, "energy": 40.560071, "activity_lines": [ 42.8296, 41.772806, 41.707734, 42.083772 ] }, { "date": "2023-12-08", "close": 44.586566, "volume": 4395836, "typical_volume": 3543328.75, "trend": 42.583222, "fair_value": 48.282542, "relative_strength": -5.978696, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.601029, "energy": 50.346079, "activity_lines": [ 43.587018, 42.391339, 41.950844, 42.214424 ] }, { "date": "2023-12-15", "close": 46.569384, "volume": 8345141, "typical_volume": 3858466.05, "trend": 42.705014, "fair_value": 48.217882, "relative_strength": -3.775047, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.129317, "energy": 74.579927, "activity_lines": [ 44.766635, 43.304648, 42.381689, 42.471595 ] }, { "date": "2023-12-22", "close": 46.330658, "volume": 5289278, "typical_volume": 3817881.8, "trend": 42.815997, "fair_value": 48.14878, "relative_strength": -4.854657, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.926975, "energy": 80.532782, "activity_lines": [ 45.515045, 44.053333, 42.777732, 42.705508 ] }, { "date": "2023-12-29", "close": 46.587068, "volume": 2432610, "typical_volume": 3837626.9, "trend": 42.916604, "fair_value": 48.080718, "relative_strength": -4.423026, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.900275, "energy": 91.148727, "activity_lines": [ 46.08981, 44.747, 43.182455, 42.948803 ] }, { "date": "2024-01-05", "close": 45.411118, "volume": 3321232, "typical_volume": 3919515.35, "trend": 42.982307, "fair_value": 48.015162, "relative_strength": -5.045015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.595247, "energy": 85.662718, "activity_lines": [ 46.008078, 45.090712, 43.45653, 43.109739 ] }, { "date": "2024-01-12", "close": 46.304133, "volume": 4253702, "typical_volume": 4017648.55, "trend": 43.058883, "fair_value": 47.953724, "relative_strength": -4.645125, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.722975, "energy": 80.547475, "activity_lines": [ 46.143803, 45.490439, 43.799594, 43.32405 ] }, { "date": "2024-01-19", "close": 45.570269, "volume": 4554187, "typical_volume": 4145862.25, "trend": 43.109279, "fair_value": 47.889038, "relative_strength": -6.911281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.891102, "energy": 58.060783, "activity_lines": [ 45.920402, 45.660396, 44.05538, 43.486075 ] }, { "date": "2024-01-26", "close": 45.561427, "volume": 3490919, "typical_volume": 4159163.3, "trend": 43.152223, "fair_value": 47.824345, "relative_strength": -7.548879, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.891323, "energy": 49.719205, "activity_lines": [ 45.760661, 45.751012, 44.297114, 43.644279 ] }, { "date": "2024-02-02", "close": 46.220812, "volume": 4547495, "typical_volume": 4262551.35, "trend": 43.259259, "fair_value": 47.767513, "relative_strength": -7.215626, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.889815, "energy": 50.604616, "activity_lines": [ 45.871997, 45.904835, 44.588023, 43.842252 ] }, { "date": "2024-02-09", "close": 45.208872, "volume": 5272751, "typical_volume": 4297332.6, "trend": 43.300953, "fair_value": 47.704899, "relative_strength": -10.172636, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.761473, "energy": 39.409459, "activity_lines": [ 45.670437, 45.809187, 44.764346, 43.968033 ] }, { "date": "2024-02-16", "close": 44.836052, "volume": 3866279, "typical_volume": 4275212.75, "trend": 43.317002, "fair_value": 47.645685, "relative_strength": -10.303602, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.987106, "energy": 33.497597, "activity_lines": [ 45.358087, 45.627555, 44.890653, 44.067072 ] }, { "date": "2024-02-23", "close": 45.253255, "volume": 3274699, "typical_volume": 4129822.45, "trend": 43.357589, "fair_value": 47.590908, "relative_strength": -10.609847, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.47351, "energy": 28.854922, "activity_lines": [ 45.282677, 45.517241, 45.038288, 44.191992 ] }, { "date": "2024-03-01", "close": 45.368661, "volume": 6254232, "typical_volume": 4180333.05, "trend": 43.435709, "fair_value": 47.546333, "relative_strength": -10.917151, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.434306, "energy": 22.861475, "activity_lines": [ 45.266869, 45.45184, 45.171434, 44.321738 ] }, { "date": "2024-03-08", "close": 45.939112, "volume": 3008028, "typical_volume": 4153560.95, "trend": 43.544673, "fair_value": 47.509655, "relative_strength": -9.165101, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.436872, "energy": 30.861526, "activity_lines": [ 45.454063, 45.507648, 45.33687, 44.483248 ] }, { "date": "2024-03-15", "close": 45.297354, "volume": 5771495, "typical_volume": 4263853.7, "trend": 43.653305, "fair_value": 47.469367, "relative_strength": -9.946058, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.162045, "energy": 30.50572, "activity_lines": [ 45.446118, 45.458554, 45.408615, 44.596324 ] }, { "date": "2024-03-22", "close": 45.698453, "volume": 4826217, "typical_volume": 4306748.15, "trend": 43.754824, "fair_value": 47.427512, "relative_strength": -10.678211, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.124064, "energy": 33.473272, "activity_lines": [ 45.565973, 45.484456, 45.491247, 44.728269 ] }, { "date": "2024-03-29", "close": 45.912372, "volume": 4525657, "typical_volume": 4381970.9, "trend": 43.858694, "fair_value": 47.381143, "relative_strength": -10.183871, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.434588, "energy": 36.808522, "activity_lines": [ 45.699641, 45.560264, 45.571905, 44.867466 ] }, { "date": "2024-04-05", "close": 44.918593, "volume": 6948186, "typical_volume": 4542595.35, "trend": 43.932625, "fair_value": 47.32815, "relative_strength": -10.900561, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.765133, "energy": 23.246267, "activity_lines": [ 45.458109, 45.449165, 45.535929, 44.935847 ] }, { "date": "2024-04-12", "close": 44.444259, "volume": 6603968, "typical_volume": 4758580.55, "trend": 44.000885, "fair_value": 47.27075, "relative_strength": -10.135336, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.143515, "energy": 7.591023, "activity_lines": [ 45.08847, 45.263512, 45.442995, 44.968855 ] }, { "date": "2024-04-19", "close": 43.835678, "volume": 5706472, "typical_volume": 4834419.2, "trend": 44.056682, "fair_value": 47.207221, "relative_strength": -8.183137, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.267538, "energy": 21.612682, "activity_lines": [ 44.615627, 44.999508, 45.28341, 44.958197 ] }, { "date": "2024-04-26", "close": 43.755131, "volume": 3658248, "typical_volume": 4797539.8, "trend": 44.149483, "fair_value": 47.145657, "relative_strength": -10.298076, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -13.043352, "energy": 32.094694, "activity_lines": [ 44.21338, 44.745827, 45.117927, 44.938742 ] }, { "date": "2024-05-03", "close": 44.640715, "volume": 3779430, "typical_volume": 4569254.25, "trend": 44.30743, "fair_value": 47.087183, "relative_strength": -8.635282, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -20.98818, "energy": 39.84496, "activity_lines": [ 44.235883, 44.672814, 45.040744, 44.970434 ] }, { "date": "2024-05-10", "close": 44.676665, "volume": 2609250, "typical_volume": 4435252.85, "trend": 44.438634, "fair_value": 47.03224, "relative_strength": -9.829683, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.620716, "energy": 38.526599, "activity_lines": [ 44.355146, 44.617474, 44.97617, 44.994256 ] }, { "date": "2024-05-17", "close": 45.197938, "volume": 2021100, "typical_volume": 4414677.35, "trend": 44.64193, "fair_value": 46.980029, "relative_strength": -9.9216, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 2.097403, "energy": 8.709088, "activity_lines": [ 44.664296, 44.669493, 44.969116, 45.043243 ] }, { "date": "2024-05-24", "close": 45.126038, "volume": 2145396, "typical_volume": 4355885.55, "trend": 44.827405, "fair_value": 46.925225, "relative_strength": -9.721786, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.114558, "energy": 8.872389, "activity_lines": [ 44.899233, 44.721915, 44.96183, 45.074476 ] }, { "date": "2024-05-31", "close": 45.045151, "volume": 2852985, "typical_volume": 4285849.7, "trend": 44.962061, "fair_value": 46.867078, "relative_strength": -9.199122, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.339689, "energy": 11.239646, "activity_lines": [ 45.021184, 44.762746, 44.948198, 45.088524 ] }, { "date": "2024-06-07", "close": 45.31291, "volume": 3322861, "typical_volume": 4224283.4, "trend": 45.095995, "fair_value": 46.804335, "relative_strength": -9.468194, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.155148, "energy": 16.15248, "activity_lines": [ 45.146387, 44.864138, 44.966061, 45.111159 ] }, { "date": "2024-06-14", "close": 46.197329, "volume": 2667877, "typical_volume": 4183131.3, "trend": 45.221108, "fair_value": 46.742476, "relative_strength": -8.891414, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.927857, "energy": 30.060574, "activity_lines": [ 45.521583, 45.137232, 45.069381, 45.182213 ] }, { "date": "2024-06-21", "close": 45.944638, "volume": 2207275, "typical_volume": 4066120.3, "trend": 45.33195, "fair_value": 46.68307, "relative_strength": -9.620683, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.724373, "energy": 37.48599, "activity_lines": [ 45.711172, 45.341133, 45.145607, 45.228893 ] }, { "date": "2024-06-28", "close": 45.159491, "volume": 2987472, "typical_volume": 3951856.35, "trend": 45.36367, "fair_value": 46.613797, "relative_strength": -10.781512, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.501194, "energy": 26.935409, "activity_lines": [ 45.589264, 45.375001, 45.148372, 45.217766 ] }, { "date": "2024-07-05", "close": 45.929065, "volume": 1618706, "typical_volume": 3839477.7, "trend": 45.40842, "fair_value": 46.547569, "relative_strength": -10.658382, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.632923, "energy": 34.641056, "activity_lines": [ 45.721651, 45.524722, 45.224665, 45.254243 ] }, { "date": "2024-07-12", "close": 46.527312, "volume": 1319770, "typical_volume": 3741731.25, "trend": 45.407018, "fair_value": 46.484104, "relative_strength": -10.058308, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 43.770057, "energy": 43.690291, "activity_lines": [ 45.994527, 45.743689, 45.352729, 45.32643 ] }, { "date": "2024-07-19", "close": 46.037838, "volume": 3210048, "typical_volume": 3589522.05, "trend": 45.397257, "fair_value": 46.414899, "relative_strength": -8.925346, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.397705, "energy": 33.46351, "activity_lines": [ 46.023284, 45.839359, 45.428109, 45.367128 ] }, { "date": "2024-07-26", "close": 46.074095, "volume": 3475396, "typical_volume": 3612890.45, "trend": 45.380158, "fair_value": 46.344854, "relative_strength": -7.839668, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 57.035228, "energy": 51.414311, "activity_lines": [ 46.074759, 45.916872, 45.503756, 45.410795 ] }, { "date": "2024-08-02", "close": 47.467712, "volume": 5176160, "typical_volume": 3583123.7, "trend": 45.448711, "fair_value": 46.28772, "relative_strength": -2.821467, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.477505, "energy": 73.94428, "activity_lines": [ 46.582143, 46.23184, 45.711486, 45.545476 ] }, { "date": "2024-08-09", "close": 46.930788, "volume": 4656290, "typical_volume": 3574627.35, "trend": 45.4696, "fair_value": 46.225302, "relative_strength": -3.754309, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.583704, "energy": 65.767461, "activity_lines": [ 46.756671, 46.40661, 45.857744, 45.641094 ] }, { "date": "2024-08-16", "close": 47.822628, "volume": 4150067, "typical_volume": 3555847.85, "trend": 45.544678, "fair_value": 46.166862, "relative_strength": -5.471208, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.03776, "energy": 78.696509, "activity_lines": [ 47.161697, 46.709248, 46.083072, 45.792902 ] }, { "date": "2024-08-23", "close": 48.377753, "volume": 2982887, "typical_volume": 3357582.9, "trend": 45.638556, "fair_value": 46.112236, "relative_strength": -5.460246, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.611714, "energy": 86.173891, "activity_lines": [ 47.665411, 47.067187, 46.352173, 45.975681 ] }, { "date": "2024-08-30", "close": 47.667921, "volume": 3826869, "typical_volume": 3218727.95, "trend": 45.686793, "fair_value": 46.054404, "relative_strength": -6.874941, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.290203, "energy": 76.190805, "activity_lines": [ 47.776519, 47.256422, 46.537198, 46.106608 ] }, { "date": "2024-09-06", "close": 48.615566, "volume": 3398286, "typical_volume": 3103318.65, "trend": 45.800349, "fair_value": 46.000904, "relative_strength": -0.772966, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.44412, "energy": 83.047993, "activity_lines": [ 48.097254, 47.586623, 46.797124, 46.295561 ] }, { "date": "2024-09-13", "close": 49.154622, "volume": 4278623, "typical_volume": 3134337.4, "trend": 45.944301, "fair_value": 45.949986, "relative_strength": -3.349785, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.859881, "energy": 87.822237, "activity_lines": [ 48.521151, 47.951996, 47.085628, 46.511966 ] }, { "date": "2024-09-20", "close": 49.200305, "volume": 5083975, "typical_volume": 3199564.65, "trend": 46.07587, "fair_value": 45.901414, "relative_strength": -4.357912, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.207103, "energy": 81.857715, "activity_lines": [ 48.81202, 48.267029, 47.35277, 46.72203 ] }, { "date": "2024-09-27", "close": 49.08153, "volume": 5779076, "typical_volume": 3358055.95, "trend": 46.199632, "fair_value": 45.856317, "relative_strength": -4.898999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.809231, "energy": 80.974221, "activity_lines": [ 48.971453, 48.511867, 47.586889, 46.915944 ] }, { "date": "2024-10-04", "close": 48.350717, "volume": 5936664, "typical_volume": 3553834.15, "trend": 46.280019, "fair_value": 45.814713, "relative_strength": -6.367118, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.435798, "energy": 63.968755, "activity_lines": [ 48.840362, 48.568489, 47.73043, 47.054724 ] }, { "date": "2024-10-11", "close": 47.809615, "volume": 2441633, "typical_volume": 3568646.0, "trend": 46.363761, "fair_value": 45.761668, "relative_strength": -8.210636, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.579183, "energy": 45.148324, "activity_lines": [ 48.483384, 48.485337, 47.807425, 47.153407 ] }, { "date": "2024-10-18", "close": 47.791272, "volume": 2752130, "typical_volume": 3563603.25, "trend": 46.433522, "fair_value": 45.711695, "relative_strength": -8.79141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.848635, "energy": 30.654399, "activity_lines": [ 48.174022, 48.392633, 47.869894, 47.245505 ] }, { "date": "2024-10-25", "close": 46.920006, "volume": 5316516, "typical_volume": 3663286.0, "trend": 46.467109, "fair_value": 45.650479, "relative_strength": -9.272632, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.40715, "energy": 23.99343, "activity_lines": [ 47.665128, 48.125872, 47.836308, 47.276891 ] }, { "date": "2024-11-01", "close": 46.452643, "volume": 4591785, "typical_volume": 3759481.4, "trend": 46.518244, "fair_value": 45.580389, "relative_strength": -8.637354, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.402735, "energy": 22.348211, "activity_lines": [ 47.152467, 47.790546, 47.750559, 47.275958 ] }, { "date": "2024-11-08", "close": 47.640902, "volume": 3435478, "typical_volume": 3820891.55, "trend": 46.624799, "fair_value": 45.524311, "relative_strength": -10.255479, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.601397, "energy": 21.707715, "activity_lines": [ 47.211151, 47.706271, 47.776761, 47.348387 ] }, { "date": "2024-11-15", "close": 46.581601, "volume": 4614726, "typical_volume": 3902254.25, "trend": 46.71633, "fair_value": 45.460979, "relative_strength": -10.077405, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.889013, "energy": 25.537656, "activity_lines": [ 46.964055, 47.429886, 47.694, 47.3456 ] }, { "date": "2024-11-22", "close": 46.655292, "volume": 4656869, "typical_volume": 4054162.4, "trend": 46.813002, "fair_value": 45.399253, "relative_strength": -11.091644, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -6.393678, "energy": 23.717711, "activity_lines": [ 46.823391, 47.20388, 47.611486, 47.341662 ] }, { "date": "2024-11-29", "close": 48.018566, "volume": 2592820, "typical_volume": 4117814.9, "trend": 46.925597, "fair_value": 45.338671, "relative_strength": -9.208068, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.046397, "energy": 12.865016, "activity_lines": [ 47.212883, 47.271185, 47.655349, 47.419441 ] }, { "date": "2024-12-06", "close": 48.334617, "volume": 3026928, "typical_volume": 4108658.9, "trend": 47.047529, "fair_value": 45.286319, "relative_strength": -9.029136, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.601841, "energy": 18.771534, "activity_lines": [ 47.634489, 47.41744, 47.72221, 47.510345 ] }, { "date": "2024-12-13", "close": 46.919539, "volume": 3321011, "typical_volume": 4100939.65, "trend": 47.104915, "fair_value": 45.223633, "relative_strength": -10.724221, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.524291, "energy": 11.801707, "activity_lines": [ 47.458936, 47.319989, 47.643366, 47.502088 ] }, { "date": "2024-12-20", "close": 46.147198, "volume": 3480797, "typical_volume": 4016171.5, "trend": 47.138954, "fair_value": 45.157603, "relative_strength": -10.135365, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.99705, "energy": 13.940517, "activity_lines": [ 47.074028, 47.108133, 47.486939, 47.440299 ] }, { "date": "2024-12-27", "close": 45.849954, "volume": 1821831, "typical_volume": 3874448.55, "trend": 47.165781, "fair_value": 45.091015, "relative_strength": -10.855057, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.68095, "energy": 41.362845, "activity_lines": [ 46.618999, 46.872458, 47.308491, 47.357138 ] }, { "date": "2025-01-03", "close": 45.766354, "volume": 2294657, "typical_volume": 3781678.05, "trend": 47.180896, "fair_value": 45.034517, "relative_strength": -10.138223, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.538122, "energy": 61.461913, "activity_lines": [ 46.189792, 46.656881, 47.127229, 47.266853 ] }, { "date": "2025-01-10", "close": 45.04182, "volume": 3288570, "typical_volume": 3796962.2, "trend": 47.142379, "fair_value": 44.975188, "relative_strength": -9.393817, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.693644, "energy": 80.829402, "activity_lines": [ 45.669221, 46.330545, 46.886755, 47.128848 ] }, { "date": "2025-01-17", "close": 45.840665, "volume": 3508484, "typical_volume": 3781042.95, "trend": 47.138913, "fair_value": 44.921344, "relative_strength": -10.041018, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.041483, "energy": 73.888552, "activity_lines": [ 45.634452, 46.175105, 46.738246, 47.044866 ] }, { "date": "2025-01-24", "close": 46.017154, "volume": 2711831, "typical_volume": 3746720.2, "trend": 47.167502, "fair_value": 44.87314, "relative_strength": -10.856293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.22267, "energy": 66.520414, "activity_lines": [ 45.730437, 46.084486, 46.615248, 46.972495 ] }, { "date": "2025-01-31", "close": 46.100754, "volume": 4356034, "typical_volume": 3750590.75, "trend": 47.173225, "fair_value": 44.83379, "relative_strength": -9.410477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.570875, "energy": 43.670126, "activity_lines": [ 45.862958, 46.019329, 46.512584, 46.903672 ] }, { "date": "2025-02-07", "close": 46.590526, "volume": 4541675, "typical_volume": 3723475.75, "trend": 47.175332, "fair_value": 44.800334, "relative_strength": -7.999185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.863598, "energy": 26.017863, "activity_lines": [ 46.142017, 46.053304, 46.471108, 46.866079 ] }, { "date": "2025-02-14", "close": 46.777112, "volume": 2873257, "typical_volume": 3578184.8, "trend": 47.199974, "fair_value": 44.772544, "relative_strength": -8.688049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.859625, "energy": 20.960389, "activity_lines": [ 46.428327, 46.147168, 46.45983, 46.840387 ] }, { "date": "2025-02-21", "close": 46.870405, "volume": 2422448, "typical_volume": 3402474.0, "trend": 47.226518, "fair_value": 44.746391, "relative_strength": -6.758735, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.79004, "energy": 20.252168, "activity_lines": [ 46.630048, 46.286313, 46.46841, 46.819125 ] }, { "date": "2025-02-28", "close": 47.775347, "volume": 5230373, "typical_volume": 3541911.0, "trend": 47.236772, "fair_value": 44.725707, "relative_strength": -3.834276, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.619135, "energy": 22.215036, "activity_lines": [ 47.064766, 46.590887, 46.570224, 46.854533 ] }, { "date": "2025-03-07", "close": 47.068631, "volume": 4262194, "typical_volume": 3617414.2, "trend": 47.241367, "fair_value": 44.712222, "relative_strength": -2.045697, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.568108, "energy": 20.487435, "activity_lines": [ 47.146701, 46.737363, 46.604895, 46.843685 ] }, { "date": "2025-03-14", "close": 46.834412, "volume": 2756359, "typical_volume": 3489406.35, "trend": 47.208427, "fair_value": 44.690458, "relative_strength": -0.113317, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.091263, "energy": 18.138885, "activity_lines": [ 47.086036, 46.819097, 46.6207, 46.81743 ] }, { "date": "2025-03-21", "close": 47.209162, "volume": 2022328, "typical_volume": 3360933.5, "trend": 47.169474, "fair_value": 44.679333, "relative_strength": 0.293228, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.404618, "energy": 16.369197, "activity_lines": [ 47.13403, 46.949548, 46.672604, 46.817477 ] }, { "date": "2025-03-28", "close": 46.862518, "volume": 2896216, "typical_volume": 3333970.4, "trend": 47.142627, "fair_value": 44.657205, "relative_strength": 1.153585, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.017352, "energy": 9.630366, "activity_lines": [ 47.037672, 46.977566, 46.687891, 46.797674 ] }, { "date": "2025-04-04", "close": 47.300248, "volume": 3381234, "typical_volume": 3272295.8, "trend": 47.098783, "fair_value": 44.653313, "relative_strength": 12.126593, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.159096, "energy": 6.892249, "activity_lines": [ 47.08775, 47.066593, 46.748574, 46.807843 ] }, { "date": "2025-04-11", "close": 45.107895, "volume": 13702107, "typical_volume": 3724557.7, "trend": 46.963892, "fair_value": 44.643109, "relative_strength": 1.274493, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.239065, "energy": 26.815364, "activity_lines": [ 46.438717, 46.733681, 46.597039, 46.679398 ] }, { "date": "2025-04-18", "close": 45.728905, "volume": 2890853, "typical_volume": 3739459.35, "trend": 46.848179, "fair_value": 44.643058, "relative_strength": 4.204228, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.416746, "energy": 31.772543, "activity_lines": [ 46.127403, 46.531732, 46.512016, 46.599722 ] }, { "date": "2025-04-25", "close": 46.538099, "volume": 3427793, "typical_volume": 3759502.6, "trend": 46.763398, "fair_value": 44.652222, "relative_strength": 1.444048, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.721671, "energy": 29.874922, "activity_lines": [ 46.159521, 46.492574, 46.514962, 46.579717 ] }, { "date": "2025-05-02", "close": 46.016976, "volume": 3763498, "typical_volume": 3781626.95, "trend": 46.685606, "fair_value": 44.665375, "relative_strength": -2.382098, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.449924, "energy": 35.84615, "activity_lines": [ 46.062669, 46.363013, 46.476833, 46.53156 ] }, { "date": "2025-05-09", "close": 45.780701, "volume": 2670433, "typical_volume": 3741108.75, "trend": 46.617976, "fair_value": 44.674704, "relative_strength": -2.337152, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.412555, "energy": 39.801184, "activity_lines": [ 45.943427, 46.20601, 46.420499, 46.47318 ] }, { "date": "2025-05-16", "close": 46.007525, "volume": 4626072, "typical_volume": 3881320.8, "trend": 46.558518, "fair_value": 44.682338, "relative_strength": -6.59024, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.435857, "energy": 26.359778, "activity_lines": [ 46.001097, 46.126514, 46.387513, 46.433796 ] }, { "date": "2025-05-23", "close": 45.336504, "volume": 7450694, "typical_volume": 4139122.65, "trend": 46.505734, "fair_value": 44.675801, "relative_strength": -5.377869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.391914, "energy": 40.625281, "activity_lines": [ 45.775118, 45.944306, 46.289869, 46.354956 ] }, { "date": "2025-05-30", "close": 46.309958, "volume": 3956476, "typical_volume": 4172517.95, "trend": 46.500978, "fair_value": 44.681285, "relative_strength": -4.856694, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.662219, "energy": 26.590852, "activity_lines": [ 45.899784, 45.966325, 46.286982, 46.342325 ] }, { "date": "2025-06-06", "close": 46.190081, "volume": 1918076, "typical_volume": 4092997.55, "trend": 46.452617, "fair_value": 44.693847, "relative_strength": -6.454767, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.155554, "energy": 18.772844, "activity_lines": [ 45.9997, 45.982898, 46.26664, 46.322267 ] }, { "date": "2025-06-13", "close": 46.674293, "volume": 2920310, "typical_volume": 4103421.5, "trend": 46.455707, "fair_value": 44.713199, "relative_strength": -4.957618, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.297371, "energy": 10.207439, "activity_lines": [ 46.24948, 46.099735, 46.290749, 46.336569 ] }, { "date": "2025-06-20", "close": 46.854686, "volume": 1820134, "typical_volume": 3976626.5, "trend": 46.462353, "fair_value": 44.732812, "relative_strength": -4.289924, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.205476, "energy": 10.788771, "activity_lines": [ 46.499818, 46.260752, 46.32891, 46.36231 ] }, { "date": "2025-06-27", "close": 47.253449, "volume": 2898551, "typical_volume": 3894470.3, "trend": 46.43685, "fair_value": 44.751664, "relative_strength": -6.557437, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.01321, "energy": 21.820655, "activity_lines": [ 46.826599, 46.462511, 46.401457, 46.413348 ] }, { "date": "2025-07-04", "close": 47.639866, "volume": 1727844, "typical_volume": 3837199.65, "trend": 46.413691, "fair_value": 44.775794, "relative_strength": -7.198448, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.802315, "energy": 55.374614, "activity_lines": [ 47.15439, 46.706809, 46.50765, 46.490962 ] }, { "date": "2025-07-11", "close": 46.943767, "volume": 2343582, "typical_volume": 3833256.35, "trend": 46.414499, "fair_value": 44.78949, "relative_strength": -8.111891, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.020566, "energy": 58.293717, "activity_lines": [ 47.161487, 46.804511, 46.543439, 46.52516 ] }, { "date": "2025-07-18", "close": 46.962838, "volume": 3016162, "typical_volume": 3722545.8, "trend": 46.441687, "fair_value": 44.797389, "relative_strength": -8.438177, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.955649, "energy": 53.798908, "activity_lines": [ 47.124696, 46.88883, 46.580695, 46.560537 ] }, { "date": "2025-07-25", "close": 47.487296, "volume": 4027131, "typical_volume": 3710792.65, "trend": 46.496265, "fair_value": 44.806431, "relative_strength": -8.559402, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.759768, "energy": 56.982827, "activity_lines": [ 47.243488, 47.047012, 46.671768, 46.627996 ] }, { "date": "2025-08-01", "close": 48.090109, "volume": 5142943, "typical_volume": 3830121.85, "trend": 46.573723, "fair_value": 44.822654, "relative_strength": -4.819764, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.911074, "energy": 62.655936, "activity_lines": [ 47.521043, 47.287891, 46.818259, 46.730824 ] }, { "date": "2025-08-08", "close": 48.003926, "volume": 6584941, "typical_volume": 4058252.5, "trend": 46.67246, "fair_value": 44.834825, "relative_strength": -6.991674, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.634525, "energy": 65.337896, "activity_lines": [ 47.714093, 47.463035, 46.950562, 46.823096 ] }, { "date": "2025-08-15", "close": 48.118837, "volume": 6880496, "typical_volume": 4257466.5, "trend": 46.748399, "fair_value": 44.857065, "relative_strength": -7.399897, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.72044, "energy": 72.394706, "activity_lines": [ 47.921176, 47.628272, 47.090024, 46.91641 ] }, { "date": "2025-08-22", "close": 48.377386, "volume": 2913623, "typical_volume": 4234085.95, "trend": 46.827074, "fair_value": 44.881917, "relative_strength": -6.902487, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.137705, "energy": 78.248392, "activity_lines": [ 48.136105, 47.805451, 47.248128, 47.021506 ] }, { "date": "2025-08-29", "close": 48.003926, "volume": 5964128, "typical_volume": 3847187.0, "trend": 46.890513, "fair_value": 44.912764, "relative_strength": -7.336149, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.243493, "energy": 70.603779, "activity_lines": [ 48.132243, 47.883761, 47.365534, 47.097432 ] }, { "date": "2025-09-05", "close": 49.162112, "volume": 7662352, "typical_volume": 4085761.95, "trend": 46.976232, "fair_value": 44.951302, "relative_strength": -5.077658, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.244888, "energy": 80.494234, "activity_lines": [ 48.480001, 48.151756, 47.579454, 47.243987 ] }, { "date": "2025-09-12", "close": 49.854536, "volume": 5214275, "typical_volume": 4175086.05, "trend": 47.078813, "fair_value": 44.99843, "relative_strength": -4.939377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.201757, "energy": 91.134791, "activity_lines": [ 48.987101, 48.510944, 47.84297, 47.429684 ] }, { "date": "2025-09-19", "close": 49.623728, "volume": 5744522, "typical_volume": 4274137.25, "trend": 47.170591, "fair_value": 45.050729, "relative_strength": -6.244177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.509422, "energy": 88.043905, "activity_lines": [ 49.293891, 48.787899, 48.068712, 47.593872 ] }, { "date": "2025-09-26", "close": 49.364069, "volume": 5584453, "typical_volume": 4419838.25, "trend": 47.223548, "fair_value": 45.110517, "relative_strength": -6.19072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.033704, "energy": 84.785169, "activity_lines": [ 49.413801, 48.968917, 48.252549, 47.735387 ] }, { "date": "2025-10-03", "close": 49.821362, "volume": 5244959, "typical_volume": 4450782.6, "trend": 47.315306, "fair_value": 45.173507, "relative_strength": -6.118394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.580699, "energy": 86.111098, "activity_lines": [ 49.620364, 49.189421, 48.462875, 47.902988 ] }, { "date": "2025-10-10", "close": 49.753761, "volume": 6267170, "typical_volume": 4391606.4, "trend": 47.412617, "fair_value": 45.243276, "relative_strength": -3.751019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.053326, "energy": 72.155448, "activity_lines": [ 49.68323, 49.355196, 48.648601, 48.060307 ] }, { "date": "2025-10-17", "close": 50.284906, "volume": 5758060, "typical_volume": 4481685.6, "trend": 47.515142, "fair_value": 45.321365, "relative_strength": -4.22408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.18191, "energy": 68.649032, "activity_lines": [ 49.883702, 49.587294, 48.863878, 48.245616 ] }, { "date": "2025-10-24", "close": 50.603593, "volume": 5447877, "typical_volume": 4658175.65, "trend": 47.639845, "fair_value": 45.393269, "relative_strength": -5.27916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.015545, "energy": 76.500857, "activity_lines": [ 50.161711, 49.835863, 49.090577, 48.444871 ] }, { "date": "2025-10-31", "close": 49.666847, "volume": 6243272, "typical_volume": 4824323.75, "trend": 47.718731, "fair_value": 45.461542, "relative_strength": -7.473609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.187582, "energy": 60.255866, "activity_lines": [ 50.062147, 49.868938, 49.207046, 48.575646 ] }, { "date": "2025-11-07", "close": 49.468519, "volume": 9172696, "typical_volume": 5191951.85, "trend": 47.864085, "fair_value": 45.517172, "relative_strength": -6.162146, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.403155, "energy": 53.688724, "activity_lines": [ 49.876289, 49.842508, 49.290377, 48.688535 ] }, { "date": "2025-11-14", "close": 49.138793, "volume": 6036150, "typical_volume": 5348831.8, "trend": 47.977748, "fair_value": 45.564896, "relative_strength": -6.752876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.466989, "energy": 36.807483, "activity_lines": [ 49.604045, 49.729498, 49.329858, 48.770774 ] }, { "date": "2025-11-21", "close": 49.439425, "volume": 10147659, "typical_volume": 5769822.55, "trend": 48.074459, "fair_value": 45.606609, "relative_strength": -4.245601, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.512903, "energy": 25.24513, "activity_lines": [ 49.473009, 49.671574, 49.388993, 48.865076 ] }, { "date": "2025-11-28", "close": 50.060085, "volume": 4533989, "typical_volume": 5879342.9, "trend": 48.209229, "fair_value": 45.644093, "relative_strength": -6.329347, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.927291, "energy": 27.887771, "activity_lines": [ 49.605226, 49.734044, 49.498669, 48.993181 ] }, { "date": "2025-12-05", "close": 49.618828, "volume": 6756464, "typical_volume": 6066358.0, "trend": 48.337167, "fair_value": 45.679395, "relative_strength": -7.281252, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.457359, "energy": 25.368343, "activity_lines": [ 49.626591, 49.708351, 49.551481, 49.084123 ] }, { "date": "2025-12-12", "close": 49.131892, "volume": 12280501, "typical_volume": 6479026.5, "trend": 48.441313, "fair_value": 45.710636, "relative_strength": -7.513144, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.124471, "energy": 22.147213, "activity_lines": [ 49.488845, 49.589493, 49.54527, 49.135395 ] }, { "date": "2025-12-19", "close": 49.343622, "volume": 5995649, "typical_volume": 6521661.8, "trend": 48.574883, "fair_value": 45.751392, "relative_strength": -7.078538, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.021791, "energy": 16.998561, "activity_lines": [ 49.444117, 49.521667, 49.551393, 49.193609 ] }, { "date": "2025-12-26", "close": 49.646823, "volume": 2772187, "typical_volume": 6331024.1, "trend": 48.686112, "fair_value": 45.800681, "relative_strength": -7.686569, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.380818, "energy": 13.287481, "activity_lines": [ 49.486801, 49.516426, 49.580423, 49.262766 ] }, { "date": "2026-01-02", "close": 49.284938, "volume": 4251078, "typical_volume": 6199553.2, "trend": 48.789274, "fair_value": 45.834902, "relative_strength": -7.262559, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.611472, "energy": 12.412047, "activity_lines": [ 49.395031, 49.456988, 49.567165, 49.3014 ] }, { "date": "2026-01-09", "close": 49.695727, "volume": 9393087, "typical_volume": 6523526.4, "trend": 48.889988, "fair_value": 45.865328, "relative_strength": -7.800838, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.882223, "energy": 13.792887, "activity_lines": [ 49.491866, 49.496216, 49.587476, 49.359881 ] }, { "date": "2026-01-16", "close": 49.74463, "volume": 7450257, "typical_volume": 6597832.85, "trend": 48.98632, "fair_value": 45.896392, "relative_strength": -7.257906, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.392757, "energy": 21.869923, "activity_lines": [ 49.599876, 49.543809, 49.606167, 49.415019 ] }, { "date": "2026-01-23", "close": 49.891341, "volume": 12168108, "typical_volume": 6823120.65, "trend": 49.07425, "fair_value": 45.928342, "relative_strength": -6.559375, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 44.148863, "energy": 25.745693, "activity_lines": [ 49.71594, 49.613057, 49.630541, 49.473408 ] }, { "date": "2026-01-30", "close": 49.568578, "volume": 9813030, "typical_volume": 7053058.4, "trend": 49.13854, "fair_value": 45.956658, "relative_strength": -7.396649, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 37.737917, "energy": 24.555486, "activity_lines": [ 49.687902, 49.609939, 49.620704, 49.5053 ] }, { "date": "2026-02-06", "close": 49.826027, "volume": 8735434, "typical_volume": 7202604.0, "trend": 49.234615, "fair_value": 45.996384, "relative_strength": -6.587134, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 50.130936, "energy": 28.556612, "activity_lines": [ 49.750897, 49.651281, 49.636747, 49.549654 ] }, { "date": "2026-02-13", "close": 50.46457, "volume": 7654162, "typical_volume": 7306089.45, "trend": 49.35134, "fair_value": 46.042914, "relative_strength": -4.073138, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.220282, "energy": 52.193104, "activity_lines": [ 49.990667, 49.812977, 49.712641, 49.629006 ] }, { "date": "2026-02-20", "close": 50.503865, "volume": 7167074, "typical_volume": 7402195.2, "trend": 49.451892, "fair_value": 46.093274, "relative_strength": -4.930795, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.667318, "energy": 59.641861, "activity_lines": [ 50.192279, 49.966441, 49.787036, 49.703362 ] }, { "date": "2026-02-27", "close": 50.484217, "volume": 7792813, "typical_volume": 7478477.35, "trend": 49.531696, "fair_value": 46.140883, "relative_strength": -4.306046, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.50261, "energy": 68.168806, "activity_lines": [ 50.336726, 50.091387, 49.85631, 49.769964 ] }, { "date": "2026-03-06", "close": 49.72689, "volume": 11214876, "typical_volume": 7751318.15, "trend": 49.589128, "fair_value": 46.180971, "relative_strength": -3.623294, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.741622, "energy": 51.208499, "activity_lines": [ 50.189205, 50.057899, 49.84998, 49.782557 ] }, { "date": "2026-03-13", "close": 48.434385, "volume": 16310554, "typical_volume": 8294452.0, "trend": 49.599646, "fair_value": 46.210977, "relative_strength": -4.433354, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 0.837847, "energy": 6.362173, "activity_lines": [ 49.600296, 49.787955, 49.72321, 49.708057 ] }, { "date": "2026-03-20", "close": 48.237057, "volume": 13173110, "typical_volume": 8640943.9, "trend": 49.594968, "fair_value": 46.235745, "relative_strength": -2.82719, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.96561, "energy": 39.800871, "activity_lines": [ 49.038386, 49.497598, 49.587978, 49.620148 ] }, { "date": "2026-03-27", "close": 48.148259, "volume": 11929805, "typical_volume": 8778799.35, "trend": 49.599779, "fair_value": 46.259236, "relative_strength": -0.556983, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.967309, "energy": 66.992114, "activity_lines": [ 48.595378, 49.217616, 49.451097, 49.526812 ] }, { "date": "2026-04-03", "close": 49.343645, "volume": 8644206, "typical_volume": 8909202.15, "trend": 49.605831, "fair_value": 46.286519, "relative_strength": -0.98138, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.277902, "energy": 61.2055, "activity_lines": [ 48.707873, 49.184003, 49.434349, 49.510288 ] }, { "date": "2026-04-10", "close": 49.393206, "volume": 8435095, "typical_volume": 8823573.95, "trend": 49.590453, "fair_value": 46.318055, "relative_strength": -4.019163, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.902555, "energy": 53.624174, "activity_lines": [ 48.912926, 49.169359, 49.421346, 49.49657 ] }, { "date": "2026-04-17", "close": 49.898736, "volume": 8964432, "typical_volume": 9045096.1, "trend": 49.59962, "fair_value": 46.353923, "relative_strength": -6.809449, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.479744, "energy": 13.144272, "activity_lines": [ 49.308734, 49.249818, 49.456708, 49.516459 ] }, { "date": "2026-04-24", "close": 49.631103, "volume": 5011081, "typical_volume": 8957826.95, "trend": 49.608521, "fair_value": 46.384744, "relative_strength": -7.425596, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.684784, "energy": 18.605981, "activity_lines": [ 49.517708, 49.280294, 49.46735, 49.51849 ] }, { "date": "2026-05-01", "close": 49.108639, "volume": 8010592, "typical_volume": 8744331.5, "trend": 49.584764, "fair_value": 46.416435, "relative_strength": -8.926968, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.606324, "energy": 19.627492, "activity_lines": [ 49.459591, 49.230931, 49.428175, 49.48624 ] }, { "date": "2026-05-08", "close": 49.505156, "volume": 5396190, "typical_volume": 8714358.55, "trend": 49.576477, "fair_value": 46.452149, "relative_strength": -9.9581, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.654616, "energy": 15.419915, "activity_lines": [ 49.469622, 49.279029, 49.426875, 49.481104 ] }, { "date": "2026-05-15", "close": 48.652644, "volume": 7088373, "typical_volume": 8930167.85, "trend": 49.522068, "fair_value": 46.488925, "relative_strength": -11.408643, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.458397, "energy": 24.329324, "activity_lines": [ 49.184714, 49.189927, 49.343613, 49.421502 ] }, { "date": "2026-05-22", "close": 49.049161, "volume": 5898675, "typical_volume": 9012547.7, "trend": 49.470254, "fair_value": 46.527694, "relative_strength": -11.153378, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.750046, "energy": 26.388904, "activity_lines": [ 49.081349, 49.19245, 49.302849, 49.390992 ] }, { "date": "2026-05-29", "close": 49.693501, "volume": 2655466, "typical_volume": 8675666.65, "trend": 49.471142, "fair_value": 46.566955, "relative_strength": -10.957305, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.898752, "energy": 15.026095, "activity_lines": [ 49.249402, 49.300948, 49.324574, 49.405395 ] }, { "date": "2026-06-05", "close": 49.306726, "volume": 4913235, "typical_volume": 8548815.55, "trend": 49.465749, "fair_value": 46.604562, "relative_strength": -9.119175, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.689834, "energy": 14.558853, "activity_lines": [ 49.284371, 49.312643, 49.309474, 49.394787 ] }, { "date": "2026-06-12", "close": 49.764744, "volume": 7753917, "typical_volume": 8328106.0, "trend": 49.486614, "fair_value": 46.641471, "relative_strength": -8.507622, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.494685, "energy": 7.103706, "activity_lines": [ 49.458806, 49.386551, 49.340079, 49.414077 ] }, { "date": "2026-06-19", "close": 49.924055, "volume": 5944320, "typical_volume": 8134670.5, "trend": 49.502768, "fair_value": 46.679072, "relative_strength": -8.752978, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.402951, "energy": 18.409247, "activity_lines": [ 49.669039, 49.481768, 49.38646, 49.442299 ] }, { "date": "2026-06-26", "close": 50.133151, "volume": 7611740, "typical_volume": 8078485.8, "trend": 49.505204, "fair_value": 46.716636, "relative_strength": -5.919372, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.51255, "energy": 35.501595, "activity_lines": [ 49.864211, 49.60535, 49.451062, 49.482969 ] }, { "date": "2026-07-03", "close": 49.548441, "volume": 12024088, "typical_volume": 8296982.1, "trend": 49.502858, "fair_value": 46.758551, "relative_strength": -8.73595, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.345532, "energy": 31.138653, "activity_lines": [ 49.792213, 49.61836, 49.458515, 49.485758 ] }, { "date": "2026-07-10", "close": 48.751842, "volume": 11542293, "typical_volume": 8515743.05, "trend": 49.490189, "fair_value": 46.78928, "relative_strength": -11.142549, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -39.996931, "energy": 16.966377, "activity_lines": [ 49.464352, 49.488036, 49.394464, 49.437306 ] }, { "date": "2026-07-17", "close": 48.7618, "volume": 9157641, "typical_volume": 8583984.45, "trend": 49.470795, "fair_value": 46.817532, "relative_strength": -9.489356, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.323387, "energy": 25.248223, "activity_lines": [ 49.176803, 49.366011, 49.339704, 49.390313 ] }, { "date": "2026-07-24", "close": 47.885541, "volume": 6813763, "typical_volume": 8363928.8, "trend": 49.412086, "fair_value": 46.84221, "relative_strength": -10.340266, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -73.905174, "energy": 62.1056, "activity_lines": [ 48.664031, 49.098181, 49.209693, 49.288039 ] }, { "date": "2026-07-31", "close": 47.736179, "volume": 19261171, "typical_volume": 8511459.65, "trend": 49.360461, "fair_value": 46.87241, "relative_strength": -11.251313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.65377, "energy": 77.364347, "activity_lines": [ 48.237372, 48.817141, 49.074225, 49.179915 ] }, { "date": "2026-08-07", "close": 48.21, "volume": 7420707, "typical_volume": 8223839.5, "trend": 49.310936, "fair_value": 46.907921, "relative_strength": -13.089866, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.76652, "energy": 74.163657, "activity_lines": [ 48.128452, 48.646123, 48.987208, 49.105692 ] } ], "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." } } }