{ "ticker": { "uuid": "51b64674-3c99-4d55-8b95-eb1d46fe79c4", "symbol": "EW", "name": "Edwards Lifesciences Corp", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 73.891, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 39.167, "architecture_energy": 23.993, "architecture_maturity": 54.257, "architecture_confidence": 80.917, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 39.28, "rotation_up": 30.82, "upward_expansion": 58.58, "deceleration": 85.28, "rotation_down": 34.03, "downward_expansion": 19.92 }, "activity_lines": [ 86.962667, 87.990364, 86.714238, 85.39228 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 89.72, "trend_reference": 83.902, "distance_from_trend": 0.069343, "trend_direction": "Improving", "fair_value": 78.187821, "distance_from_fair_value": 0.147493, "fair_value_direction": "Improving", "relative_strength": -3.404471, "relative_strength_direction": "Improving", "price_momentum": 0.139881, "excess_performance": 0.014256, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.069343, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010523, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.147493, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.124939, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.034045, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.081753, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.139881, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.359389, "read": "Demand-led" } ], "volume": { "latest": 17044117, "relative_activity": 0.702918, "balance": 1.359389, "dry_up": 1.051057, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.061118, "annualized_volatility": 0.281463, "from_high_reference": -0.068231, "from_low_reference": 0.240941 }, "levels": { "trend_reference": 83.902, "fair_value_reference": 78.187821, "structural_low": 74.66, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.026737, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.012986, "regime_survival": 0.333333, "best_return": 0.073246, "worst_return": -0.324781, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.056703, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.096163, "regime_survival": 0.0, "best_return": 0.054387, "worst_return": -0.286452, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.09486, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.172925, "regime_survival": 0.0, "best_return": 0.070078, "worst_return": -0.207742, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.12049, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.21223, "regime_survival": 0.333333, "best_return": 0.048038, "worst_return": -0.265157, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-07-26", "end": "2024-08-02", "tenure": "New", "return": -0.024691, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2024-11-29", "tenure": "Established", "return": 0.103806, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2024-12-20", "tenure": "New", "return": 0.045855, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": -0.077594, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-05-16", "tenure": "Established", "return": 0.130599, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-09-26", "tenure": "Established", "return": 0.016802, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-11-14", "tenure": "Developing", "return": 0.119761, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2026-01-16", "tenure": "Developing", "return": -0.009162, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.093115, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": 0.083856, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-06-12", "tenure": "Established", "return": 0.042504, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": 0.039148, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.087952, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 76.58, "volume": 18880986, "typical_volume": 13957799.2, "trend": 84.162333, "fair_value": 94.441154, "relative_strength": -14.262415, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -37.056996, "energy": 44.657699, "activity_lines": [ 79.949333, 84.400727, 86.126714, 85.568688 ] }, { "date": "2023-08-25", "close": 76.17, "volume": 15219172, "typical_volume": 14266608.95, "trend": 84.096667, "fair_value": 94.388846, "relative_strength": -14.948842, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.680447, "energy": 67.682899, "activity_lines": [ 77.882667, 82.393455, 85.132619, 85.053054 ] }, { "date": "2023-09-01", "close": 76.38, "volume": 13450220, "typical_volume": 14333517.95, "trend": 83.905333, "fair_value": 94.341859, "relative_strength": -16.356711, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.38235, "energy": 71.152638, "activity_lines": [ 76.979333, 80.711091, 84.195238, 84.555204 ] }, { "date": "2023-09-08", "close": 74.07, "volume": 15082028, "typical_volume": 14277249.35, "trend": 83.801, "fair_value": 94.292436, "relative_strength": -17.249696, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.312911, "energy": 73.824742, "activity_lines": [ 75.796667, 78.862545, 83.075857, 83.920667 ] }, { "date": "2023-09-15", "close": 73.2, "volume": 16169011, "typical_volume": 14208010.05, "trend": 83.624, "fair_value": 94.228333, "relative_strength": -17.481022, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.511874, "energy": 85.949914, "activity_lines": [ 74.689333, 77.224182, 81.933, 83.236731 ] }, { "date": "2023-09-22", "close": 69.66, "volume": 16424587, "typical_volume": 14488789.25, "trend": 83.404333, "fair_value": 94.178397, "relative_strength": -18.544339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.299073, "energy": 89.538893, "activity_lines": [ 72.816, 75.252364, 80.523381, 82.335828 ] }, { "date": "2023-09-29", "close": 69.28, "volume": 19170264, "typical_volume": 14975213.2, "trend": 82.983, "fair_value": 94.117308, "relative_strength": -17.851474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.238483, "energy": 90.256902, "activity_lines": [ 71.277333, 73.642727, 79.168429, 81.424581 ] }, { "date": "2023-10-06", "close": 73.7, "volume": 22249671, "typical_volume": 15487107.9, "trend": 82.961667, "fair_value": 94.051923, "relative_strength": -12.481147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.680051, "energy": 80.207221, "activity_lines": [ 71.671333, 73.260182, 78.32919, 80.825677 ] }, { "date": "2023-10-13", "close": 70.78, "volume": 21345360, "typical_volume": 15922658.1, "trend": 82.629667, "fair_value": 93.958654, "relative_strength": -15.751168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.965894, "energy": 65.914814, "activity_lines": [ 71.270667, 72.529273, 77.279619, 80.039763 ] }, { "date": "2023-10-20", "close": 69.48, "volume": 15642720, "typical_volume": 16038398.0, "trend": 82.253667, "fair_value": 93.88859, "relative_strength": -14.724733, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.687435, "energy": 61.448726, "activity_lines": [ 70.656, 71.721455, 76.159714, 79.191398 ] }, { "date": "2023-10-27", "close": 61.71, "volume": 38138621, "typical_volume": 17473060.3, "trend": 81.553, "fair_value": 93.824615, "relative_strength": -22.053107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.253076, "energy": 71.737561, "activity_lines": [ 67.699333, 69.681455, 74.375333, 77.866 ] }, { "date": "2023-11-03", "close": 67.07, "volume": 24150598, "typical_volume": 17646113.85, "trend": 80.992667, "fair_value": 93.754359, "relative_strength": -19.716107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.978653, "energy": 63.309298, "activity_lines": [ 67.059333, 68.886364, 73.208048, 76.931613 ] }, { "date": "2023-11-10", "close": 64.21, "volume": 22434489, "typical_volume": 18262488.8, "trend": 80.321, "fair_value": 93.641731, "relative_strength": -23.832555, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.811003, "energy": 74.454764, "activity_lines": [ 65.613333, 67.736727, 71.88681, 75.84886 ] }, { "date": "2023-11-17", "close": 66.9, "volume": 23696194, "typical_volume": 18814624.4, "trend": 79.666333, "fair_value": 93.528718, "relative_strength": -22.088477, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.003252, "energy": 65.650304, "activity_lines": [ 65.696667, 67.297455, 70.94619, 74.982989 ] }, { "date": "2023-11-24", "close": 67.9, "volume": 13368061, "typical_volume": 18959601.45, "trend": 78.997, "fair_value": 93.417436, "relative_strength": -21.360379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.920387, "energy": 53.778783, "activity_lines": [ 66.372, 67.170364, 70.231429, 74.223871 ] }, { "date": "2023-12-01", "close": 68.36, "volume": 22898198, "typical_volume": 19471785.2, "trend": 78.317667, "fair_value": 93.305897, "relative_strength": -21.145355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.847539, "energy": 42.330364, "activity_lines": [ 67.306, 67.223273, 69.666952, 73.537613 ] }, { "date": "2023-12-08", "close": 69.18, "volume": 25435731, "typical_volume": 20219143.35, "trend": 77.651, "fair_value": 93.209744, "relative_strength": -20.057604, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.530066, "energy": 30.989095, "activity_lines": [ 68.07, 67.448909, 69.299714, 72.948086 ] }, { "date": "2023-12-15", "close": 76.9, "volume": 39320133, "typical_volume": 20917596.7, "trend": 77.283333, "fair_value": 93.146154, "relative_strength": -12.955668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.111458, "energy": 16.696226, "activity_lines": [ 71.266667, 69.08, 69.779095, 72.899634 ] }, { "date": "2023-12-22", "close": 75.83, "volume": 20892302, "typical_volume": 21062607.3, "trend": 77.077333, "fair_value": 93.064103, "relative_strength": -14.630272, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.739484, "energy": 18.983651, "activity_lines": [ 73.260667, 70.458364, 70.189143, 72.805871 ] }, { "date": "2023-12-29", "close": 76.25, "volume": 8229547, "typical_volume": 20609894.65, "trend": 76.774333, "fair_value": 92.968077, "relative_strength": -14.125603, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.482137, "energy": 25.909833, "activity_lines": [ 74.799333, 71.821273, 70.656905, 72.752495 ] }, { "date": "2024-01-05", "close": 72.85, "volume": 12028617, "typical_volume": 20267276.2, "trend": 76.399333, "fair_value": 92.853846, "relative_strength": -16.264303, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.54708, "energy": 23.85062, "activity_lines": [ 74.648, 72.442909, 70.815905, 72.499312 ] }, { "date": "2024-01-12", "close": 74.03, "volume": 13646405, "typical_volume": 20188637.85, "trend": 75.802333, "fair_value": 92.765128, "relative_strength": -16.087962, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.024212, "energy": 18.735802, "activity_lines": [ 74.590667, 73.076545, 71.105048, 72.346452 ] }, { "date": "2024-01-19", "close": 74.31, "volume": 14465281, "typical_volume": 20239390.9, "trend": 75.268, "fair_value": 92.693269, "relative_strength": -16.34579, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.468084, "energy": 13.71178, "activity_lines": [ 74.303333, 73.634545, 71.431048, 72.250172 ] }, { "date": "2024-01-26", "close": 73.24, "volume": 17675253, "typical_volume": 20369052.15, "trend": 74.565, "fair_value": 92.633397, "relative_strength": -18.004815, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.106019, "energy": 9.074017, "activity_lines": [ 73.832, 73.814364, 71.665, 72.119333 ] }, { "date": "2024-02-02", "close": 86.09, "volume": 31098734, "typical_volume": 21115538.3, "trend": 74.426, "fair_value": 92.639744, "relative_strength": -4.691211, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 58.076485, "energy": 54.802954, "activity_lines": [ 77.816667, 76.215273, 73.126714, 72.862882 ] }, { "date": "2024-02-09", "close": 85.01, "volume": 32180500, "typical_volume": 21903333.95, "trend": 74.147, "fair_value": 92.622821, "relative_strength": -6.952971, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.790526, "energy": 68.995737, "activity_lines": [ 80.785333, 78.089091, 74.42419, 73.54572 ] }, { "date": "2024-02-16", "close": 86.1, "volume": 17665217, "typical_volume": 21828081.6, "trend": 73.931333, "fair_value": 92.634295, "relative_strength": -5.207484, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.279935, "energy": 85.7578, "activity_lines": [ 83.306667, 79.858364, 75.752381, 74.316882 ] }, { "date": "2024-02-23", "close": 87.74, "volume": 10636836, "typical_volume": 21247439.85, "trend": 74.064667, "fair_value": 92.664038, "relative_strength": -4.761201, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.688261, "energy": 89.274699, "activity_lines": [ 85.57, 81.618182, 77.156667, 75.207763 ] }, { "date": "2024-03-01", "close": 85.22, "volume": 21542387, "typical_volume": 21257291.2, "trend": 74.253667, "fair_value": 92.686474, "relative_strength": -8.012165, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.373119, "energy": 82.547722, "activity_lines": [ 86.098, 82.722727, 78.254095, 75.927462 ] }, { "date": "2024-03-08", "close": 92.14, "volume": 25306719, "typical_volume": 21740491.15, "trend": 74.678, "fair_value": 92.751026, "relative_strength": -0.157963, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.796389, "energy": 85.976867, "activity_lines": [ 88.134, 84.914727, 79.94181, 77.081419 ] }, { "date": "2024-03-15", "close": 92.31, "volume": 22994881, "typical_volume": 20983304.15, "trend": 75.202333, "fair_value": 92.833718, "relative_strength": 0.393298, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.470016, "energy": 84.655968, "activity_lines": [ 89.823333, 86.848727, 81.53781, 78.218968 ] }, { "date": "2024-03-22", "close": 93.79, "volume": 16363344, "typical_volume": 20593941.45, "trend": 75.789667, "fair_value": 92.907372, "relative_strength": 0.064878, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.622591, "energy": 81.247891, "activity_lines": [ 91.519333, 88.698, 83.129048, 79.418172 ] }, { "date": "2024-03-29", "close": 95.56, "volume": 12911680, "typical_volume": 20117801.0, "trend": 76.429, "fair_value": 92.9825, "relative_strength": 1.833978, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.756622, "energy": 84.550469, "activity_lines": [ 93.292667, 90.509818, 84.761619, 80.693677 ] }, { "date": "2024-04-05", "close": 92.7, "volume": 15581092, "typical_volume": 19712045.9, "trend": 77.05, "fair_value": 93.025513, "relative_strength": -0.017043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.488641, "energy": 74.867008, "activity_lines": [ 93.591333, 91.415273, 85.972524, 81.743419 ] }, { "date": "2024-04-12", "close": 90.28, "volume": 13730635, "typical_volume": 19730174.6, "trend": 77.619333, "fair_value": 93.03359, "relative_strength": -0.854163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.972705, "energy": 59.16174, "activity_lines": [ 92.584667, 91.526909, 86.830095, 82.596968 ] }, { "date": "2024-04-19", "close": 85.94, "volume": 15399507, "typical_volume": 19355240.05, "trend": 78.162, "fair_value": 92.959808, "relative_strength": -2.213643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.41133, "energy": 40.687805, "activity_lines": [ 90.255333, 90.773273, 87.167762, 83.133785 ] }, { "date": "2024-04-26", "close": 86.43, "volume": 17581951, "typical_volume": 18962551.05, "trend": 78.733667, "fair_value": 92.901538, "relative_strength": -3.726057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.025887, "energy": 25.252479, "activity_lines": [ 88.514, 90.091818, 87.468381, 83.667204 ] }, { "date": "2024-05-03", "close": 85.25, "volume": 13068522, "typical_volume": 17649970.5, "trend": 79.118667, "fair_value": 92.857179, "relative_strength": -5.071375, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.206863, "energy": 28.951342, "activity_lines": [ 86.87, 89.189818, 87.574476, 84.087613 ] }, { "date": "2024-05-10", "close": 86.72, "volume": 11424021, "typical_volume": 17176556.45, "trend": 79.65, "fair_value": 92.839423, "relative_strength": -4.648348, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.375968, "energy": 28.127908, "activity_lines": [ 86.403333, 88.600364, 87.78081, 84.578022 ] }, { "date": "2024-05-17", "close": 89.14, "volume": 12093083, "typical_volume": 17369733.25, "trend": 80.305333, "fair_value": 92.806987, "relative_strength": -3.103897, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.503799, "energy": 22.362697, "activity_lines": [ 87.142, 88.423636, 88.165762, 85.19028 ] }, { "date": "2024-05-24", "close": 87.98, "volume": 10702335, "typical_volume": 17303419.15, "trend": 81.181, "fair_value": 92.756218, "relative_strength": -4.023945, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.36566, "energy": 12.941018, "activity_lines": [ 87.57, 88.090545, 88.378857, 85.685419 ] }, { "date": "2024-05-31", "close": 86.89, "volume": 11620755, "typical_volume": 17202136.65, "trend": 81.841667, "fair_value": 92.698654, "relative_strength": -4.442166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.140561, "energy": 15.410544, "activity_lines": [ 87.498667, 87.638, 88.416095, 86.053742 ] }, { "date": "2024-06-07", "close": 88.14, "volume": 10303928, "typical_volume": 16994069.0, "trend": 82.639333, "fair_value": 92.622692, "relative_strength": -3.914558, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.768692, "energy": 20.94926, "activity_lines": [ 87.813333, 87.538182, 88.511143, 86.460086 ] }, { "date": "2024-06-14", "close": 87.29, "volume": 10264807, "typical_volume": 16623546.7, "trend": 83.319, "fair_value": 92.536667, "relative_strength": -5.844819, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.248207, "energy": 16.64734, "activity_lines": [ 87.652, 87.418727, 88.459381, 86.760129 ] }, { "date": "2024-06-21", "close": 90.9, "volume": 16515376, "typical_volume": 15894378.8, "trend": 84.085667, "fair_value": 92.455449, "relative_strength": -2.087824, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.089942, "energy": 24.442877, "activity_lines": [ 88.656, 88.054, 88.684524, 87.249226 ] }, { "date": "2024-06-28", "close": 92.37, "volume": 23301814, "typical_volume": 15450444.5, "trend": 84.886, "fair_value": 92.364295, "relative_strength": 0.068507, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.654192, "energy": 33.71706, "activity_lines": [ 90.032667, 88.945273, 89.026762, 87.783699 ] }, { "date": "2024-07-05", "close": 92.32, "volume": 8198858, "typical_volume": 14977126.55, "trend": 85.657333, "fair_value": 92.266923, "relative_strength": -1.392163, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.97983, "energy": 48.051262, "activity_lines": [ 91.1, 89.710545, 89.32919, 88.263312 ] }, { "date": "2024-07-12", "close": 90.99, "volume": 13133336, "typical_volume": 15101951.55, "trend": 86.127, "fair_value": 92.164808, "relative_strength": -3.208845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.846946, "energy": 48.610281, "activity_lines": [ 91.362, 90.126909, 89.475333, 88.607355 ] }, { "date": "2024-07-19", "close": 86.5, "volume": 17764168, "typical_volume": 14913040.6, "trend": 86.482667, "fair_value": 92.018013, "relative_strength": -5.600327, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.617773, "energy": 23.114143, "activity_lines": [ 89.937333, 89.622545, 89.178381, 88.631419 ] }, { "date": "2024-07-26", "close": 62.37, "volume": 69559891, "typical_volume": 17125699.2, "trend": 86.02, "fair_value": 91.698141, "relative_strength": -30.796752, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -55.464831, "energy": 62.779595, "activity_lines": [ 80.522, 84.734909, 86.577238, 87.075763 ] }, { "date": "2024-08-02", "close": 60.83, "volume": 42972939, "typical_volume": 18124602.1, "trend": 85.619333, "fair_value": 91.349551, "relative_strength": -30.507871, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -89.349631, "energy": 93.635119, "activity_lines": [ 72.495333, 80.054, 83.97119, 85.450602 ] }, { "date": "2024-08-09", "close": 64.64, "volume": 33852847, "typical_volume": 18999077.25, "trend": 85.306333, "fair_value": 91.03859, "relative_strength": -25.65061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.228831, "energy": 91.599819, "activity_lines": [ 67.841333, 76.559455, 81.877905, 84.097097 ] }, { "date": "2024-08-16", "close": 68.92, "volume": 25696445, "typical_volume": 19638315.5, "trend": 85.126667, "fair_value": 90.717885, "relative_strength": -23.292225, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.968953, "energy": 88.175153, "activity_lines": [ 66.459333, 74.247636, 80.331048, 83.039914 ] }, { "date": "2024-08-23", "close": 70.88, "volume": 23760473, "typical_volume": 20047284.55, "trend": 85.048, "fair_value": 90.426154, "relative_strength": -21.748944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.487219, "energy": 87.018363, "activity_lines": [ 67.202, 72.641636, 79.097714, 82.120774 ] }, { "date": "2024-08-30", "close": 69.96, "volume": 27901857, "typical_volume": 20755845.65, "trend": 84.510333, "fair_value": 90.098526, "relative_strength": -22.537381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.286039, "energy": 60.402031, "activity_lines": [ 68.679333, 71.166727, 77.880667, 81.147355 ] }, { "date": "2024-09-06", "close": 66.81, "volume": 27596476, "typical_volume": 21365694.1, "trend": 83.903667, "fair_value": 89.751859, "relative_strength": -22.414086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.720403, "energy": 55.473309, "activity_lines": [ 68.600667, 69.499818, 76.460381, 80.005398 ] }, { "date": "2024-09-13", "close": 68.52, "volume": 32730210, "typical_volume": 22123107.05, "trend": 83.317667, "fair_value": 89.425577, "relative_strength": -23.076722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.762106, "energy": 45.168847, "activity_lines": [ 68.693333, 68.608545, 75.294048, 79.012903 ] }, { "date": "2024-09-20", "close": 66.83, "volume": 48144222, "typical_volume": 23876892.05, "trend": 82.620667, "fair_value": 89.084295, "relative_strength": -25.607276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.328121, "energy": 46.562058, "activity_lines": [ 67.964, 67.842727, 74.052048, 77.949183 ] }, { "date": "2024-09-27", "close": 66.58, "volume": 37656972, "typical_volume": 25188539.6, "trend": 81.999333, "fair_value": 88.791346, "relative_strength": -25.872533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.853188, "energy": 50.434644, "activity_lines": [ 67.290667, 67.470727, 72.873952, 76.914301 ] }, { "date": "2024-10-04", "close": 65.49, "volume": 36026475, "typical_volume": 26385209.2, "trend": 81.111, "fair_value": 88.514167, "relative_strength": -26.74396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.762105, "energy": 49.932691, "activity_lines": [ 66.540667, 67.262727, 71.687952, 75.849183 ] }, { "date": "2024-10-11", "close": 68.13, "volume": 25912525, "typical_volume": 27145718.7, "trend": 80.305, "fair_value": 88.231923, "relative_strength": -24.203709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.938425, "energy": 44.144266, "activity_lines": [ 66.968667, 67.478, 70.866, 75.011699 ] }, { "date": "2024-10-18", "close": 70.27, "volume": 22144163, "typical_volume": 27671889.1, "trend": 79.521, "fair_value": 87.935, "relative_strength": -22.038592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.526326, "energy": 33.903515, "activity_lines": [ 68.022, 67.949636, 70.342381, 74.36428 ] }, { "date": "2024-10-25", "close": 69.38, "volume": 27456068, "typical_volume": 28529496.1, "trend": 78.648333, "fair_value": 87.611667, "relative_strength": -21.972111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.356149, "energy": 34.845047, "activity_lines": [ 68.662, 68.157091, 69.813143, 73.710022 ] }, { "date": "2024-11-01", "close": 67.54, "volume": 33669188, "typical_volume": 29699715.15, "trend": 77.809667, "fair_value": 87.284038, "relative_strength": -22.607943, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.453456, "energy": 30.503592, "activity_lines": [ 68.518667, 68.021636, 69.198, 72.993355 ] }, { "date": "2024-11-08", "close": 66.23, "volume": 20078232, "typical_volume": 29877857.95, "trend": 77.008, "fair_value": 86.965, "relative_strength": -27.214716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.104332, "energy": 34.826139, "activity_lines": [ 67.874667, 67.708727, 68.552143, 72.24628 ] }, { "date": "2024-11-15", "close": 67.76, "volume": 25879622, "typical_volume": 30006748.35, "trend": 76.402, "fair_value": 86.649167, "relative_strength": -23.616327, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.864884, "energy": 36.587874, "activity_lines": [ 67.691333, 67.741818, 68.169476, 71.649634 ] }, { "date": "2024-11-22", "close": 70.48, "volume": 22727991, "typical_volume": 30733205.0, "trend": 75.870333, "fair_value": 86.39891, "relative_strength": -21.525421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.291883, "energy": 25.326196, "activity_lines": [ 68.439333, 68.252182, 68.163048, 71.26757 ] }, { "date": "2024-11-29", "close": 71.35, "volume": 16168428, "typical_volume": 30884959.6, "trend": 75.407, "fair_value": 86.160897, "relative_strength": -21.158139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.238243, "energy": 15.111496, "activity_lines": [ 69.463333, 68.885091, 68.343476, 70.975935 ] }, { "date": "2024-12-06", "close": 71.53, "volume": 27247807, "typical_volume": 31359141.55, "trend": 74.900667, "fair_value": 85.838397, "relative_strength": -21.293768, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.201486, "energy": 13.425694, "activity_lines": [ 70.416, 69.468545, 68.634571, 70.725806 ] }, { "date": "2024-12-13", "close": 73.32, "volume": 21997861, "typical_volume": 28981040.05, "trend": 74.373333, "fair_value": 85.525577, "relative_strength": -18.381078, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.143519, "energy": 19.447291, "activity_lines": [ 71.699333, 70.287455, 69.167429, 70.623828 ] }, { "date": "2024-12-20", "close": 74.81, "volume": 43713877, "typical_volume": 29018086.95, "trend": 73.934333, "fair_value": 85.180962, "relative_strength": -14.773556, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.549733, "energy": 32.979303, "activity_lines": [ 73.006667, 71.234909, 69.790048, 70.652 ] }, { "date": "2024-12-27", "close": 75.65, "volume": 15165768, "typical_volume": 28083733.0, "trend": 73.559667, "fair_value": 84.835449, "relative_strength": -13.982026, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 35.089089, "energy": 51.508331, "activity_lines": [ 74.124, 72.213636, 70.426095, 70.762688 ] }, { "date": "2025-01-03", "close": 73.91, "volume": 14681530, "typical_volume": 27532987.25, "trend": 73.085333, "fair_value": 84.525256, "relative_strength": -15.163741, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.03825, "energy": 51.53301, "activity_lines": [ 74.316667, 72.778182, 70.844, 70.78529 ] }, { "date": "2025-01-10", "close": 73.42, "volume": 14116915, "typical_volume": 27050809.35, "trend": 72.623, "fair_value": 84.237821, "relative_strength": -13.715033, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.277248, "energy": 47.540338, "activity_lines": [ 74.175333, 73.171273, 71.191476, 70.806882 ] }, { "date": "2025-01-17", "close": 69.78, "volume": 22869803, "typical_volume": 26799206.65, "trend": 71.919, "fair_value": 83.963013, "relative_strength": -19.925965, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 7.817244, "energy": 13.637648, "activity_lines": [ 72.694667, 72.795636, 71.18019, 70.623462 ] }, { "date": "2025-01-24", "close": 68.99, "volume": 21559062, "typical_volume": 26497335.95, "trend": 71.139667, "fair_value": 83.733013, "relative_strength": -21.786152, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.735259, "energy": 12.825595, "activity_lines": [ 71.186667, 72.211818, 71.094524, 70.434495 ] }, { "date": "2025-01-31", "close": 72.45, "volume": 25649704, "typical_volume": 26143310.65, "trend": 70.477333, "fair_value": 83.478333, "relative_strength": -16.403745, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.120822, "energy": 21.967712, "activity_lines": [ 71.22, 72.234727, 71.328, 70.519032 ] }, { "date": "2025-02-07", "close": 70.35, "volume": 18910794, "typical_volume": 24681639.25, "trend": 69.789333, "fair_value": 83.230577, "relative_strength": -18.086748, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.213811, "energy": 20.932671, "activity_lines": [ 70.766667, 71.84, 71.342762, 70.510817 ] }, { "date": "2025-02-14", "close": 76.19, "volume": 24231891, "typical_volume": 24010385.2, "trend": 69.445667, "fair_value": 83.041923, "relative_strength": -11.998834, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.621512, "energy": 23.101587, "activity_lines": [ 72.497333, 72.525273, 71.896952, 70.923763 ] }, { "date": "2025-02-21", "close": 73.3, "volume": 13322827, "typical_volume": 22875202.8, "trend": 69.81, "fair_value": 82.787244, "relative_strength": -13.339824, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.985189, "energy": 29.768535, "activity_lines": [ 73.08, 72.600364, 72.130143, 71.17243 ] }, { "date": "2025-02-28", "close": 71.62, "volume": 23397361, "typical_volume": 22749444.6, "trend": 70.169667, "fair_value": 82.537115, "relative_strength": -13.944549, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.766022, "energy": 26.138768, "activity_lines": [ 72.868, 72.370364, 72.166143, 71.289204 ] }, { "date": "2025-03-07", "close": 70.33, "volume": 24512354, "typical_volume": 22867854.15, "trend": 70.359333, "fair_value": 82.324808, "relative_strength": -12.088034, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.433132, "energy": 17.107662, "activity_lines": [ 72.050667, 71.963818, 72.062667, 71.299548 ] }, { "date": "2025-03-14", "close": 69.29, "volume": 23300818, "typical_volume": 22660091.65, "trend": 70.371667, "fair_value": 82.04609, "relative_strength": -10.631944, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 1.599418, "energy": 7.378522, "activity_lines": [ 71.028, 71.464909, 71.859857, 71.230559 ] }, { "date": "2025-03-21", "close": 70.46, "volume": 25769402, "typical_volume": 22265102.35, "trend": 70.357667, "fair_value": 81.777436, "relative_strength": -8.856449, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.302388, "energy": 15.109093, "activity_lines": [ 70.466, 71.262727, 71.768905, 71.236258 ] }, { "date": "2025-03-28", "close": 70.91, "volume": 20796513, "typical_volume": 22301016.4, "trend": 70.389333, "fair_value": 81.443077, "relative_strength": -6.145175, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.870496, "energy": 14.406505, "activity_lines": [ 70.436, 71.196182, 71.706905, 71.271892 ] }, { "date": "2025-04-04", "close": 69.36, "volume": 25474552, "typical_volume": 22280762.9, "trend": 70.474333, "fair_value": 81.093333, "relative_strength": 1.586148, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.159193, "energy": 25.428542, "activity_lines": [ 70.048667, 70.827273, 71.475, 71.205484 ] }, { "date": "2025-04-11", "close": 69.4, "volume": 30574135, "typical_volume": 22673070.1, "trend": 70.503667, "fair_value": 80.768846, "relative_strength": -3.135835, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.841501, "energy": 20.539008, "activity_lines": [ 69.825333, 70.458909, 71.239286, 71.136172 ] }, { "date": "2025-04-18", "close": 71.53, "volume": 14719859, "typical_volume": 22600641.65, "trend": 70.660333, "fair_value": 80.468526, "relative_strength": 1.847306, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.943144, "energy": 7.378546, "activity_lines": [ 70.374, 70.533273, 71.211571, 71.202387 ] }, { "date": "2025-04-25", "close": 76.04, "volume": 32308662, "typical_volume": 22853684.4, "trend": 70.975667, "fair_value": 80.277885, "relative_strength": 4.016122, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.951359, "energy": 22.841577, "activity_lines": [ 72.276667, 71.406182, 71.612524, 71.549462 ] }, { "date": "2025-05-02", "close": 75.65, "volume": 22820051, "typical_volume": 22894793.9, "trend": 71.314333, "fair_value": 80.118462, "relative_strength": 1.057152, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.189285, "energy": 39.318575, "activity_lines": [ 73.677333, 72.210909, 71.954857, 71.851032 ] }, { "date": "2025-05-09", "close": 73.68, "volume": 14869895, "typical_volume": 21452594.8, "trend": 71.499333, "fair_value": 79.965449, "relative_strength": -0.601682, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.845619, "energy": 43.412426, "activity_lines": [ 74.105333, 72.614727, 72.098476, 72.003656 ] }, { "date": "2025-05-16", "close": 78.0, "volume": 26647368, "typical_volume": 22026674.8, "trend": 71.757, "fair_value": 79.860833, "relative_strength": 0.515704, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.537913, "energy": 68.480919, "activity_lines": [ 75.685333, 73.766545, 72.658905, 72.423054 ] }, { "date": "2025-05-23", "close": 74.99, "volume": 23290607, "typical_volume": 22457128.65, "trend": 71.944, "fair_value": 79.693333, "relative_strength": -0.275411, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.394667, "energy": 59.327108, "activity_lines": [ 75.688667, 74.231636, 72.921476, 72.631634 ] }, { "date": "2025-05-30", "close": 78.22, "volume": 22695627, "typical_volume": 22886064.25, "trend": 72.3, "fair_value": 79.574679, "relative_strength": 2.725053, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.775673, "energy": 62.12976, "activity_lines": [ 76.538, 75.180364, 73.486524, 73.036538 ] }, { "date": "2025-06-06", "close": 77.52, "volume": 15854380, "typical_volume": 22535293.1, "trend": 72.676333, "fair_value": 79.475449, "relative_strength": 0.715167, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.066061, "energy": 62.153593, "activity_lines": [ 77.008667, 75.860727, 73.962048, 73.373312 ] }, { "date": "2025-06-13", "close": 75.15, "volume": 15791645, "typical_volume": 22246922.25, "trend": 72.922667, "fair_value": 79.394423, "relative_strength": -1.468515, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.23812, "energy": 38.021215, "activity_lines": [ 76.564667, 75.99, 74.175, 73.532903 ] }, { "date": "2025-06-20", "close": 73.83, "volume": 16953042, "typical_volume": 21812089.15, "trend": 73.034333, "fair_value": 79.246026, "relative_strength": -2.38747, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.482388, "energy": 27.771938, "activity_lines": [ 75.582667, 75.774, 74.232905, 73.591441 ] }, { "date": "2025-06-27", "close": 78.21, "volume": 23191646, "typical_volume": 22026131.75, "trend": 73.263, "fair_value": 79.123077, "relative_strength": 0.613062, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.343055, "energy": 33.235857, "activity_lines": [ 76.338667, 76.273818, 74.701381, 73.925355 ] }, { "date": "2025-07-04", "close": 76.79, "volume": 11004263, "typical_volume": 21364750.35, "trend": 73.438333, "fair_value": 78.984615, "relative_strength": -2.180981, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.567629, "energy": 27.787229, "activity_lines": [ 76.406667, 76.394, 74.99719, 74.152903 ] }, { "date": "2025-07-11", "close": 78.05, "volume": 15629712, "typical_volume": 21480094.6, "trend": 73.596, "fair_value": 78.847564, "relative_strength": 0.302882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.527631, "energy": 34.623905, "activity_lines": [ 76.99, 76.729636, 75.410143, 74.45043 ] }, { "date": "2025-07-18", "close": 76.49, "volume": 22860129, "typical_volume": 21453233.0, "trend": 73.652, "fair_value": 78.680321, "relative_strength": -1.752226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.570639, "energy": 37.018562, "activity_lines": [ 77.018, 76.738, 75.651905, 74.63714 ] }, { "date": "2025-07-25", "close": 80.0, "volume": 36177017, "typical_volume": 22036466.15, "trend": 73.797, "fair_value": 78.548654, "relative_strength": 1.070529, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.747846, "energy": 51.79277, "activity_lines": [ 78.126667, 77.333455, 76.204762, 75.046688 ] }, { "date": "2025-08-01", "close": 79.33, "volume": 26450357, "typical_volume": 22193943.1, "trend": 73.977667, "fair_value": 78.376923, "relative_strength": 2.512492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.568032, "energy": 52.563482, "activity_lines": [ 78.600667, 77.770727, 76.647762, 75.403656 ] }, { "date": "2025-08-08", "close": 78.35, "volume": 17298472, "typical_volume": 21770396.6, "trend": 74.142, "fair_value": 78.207372, "relative_strength": -1.213172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.085609, "energy": 41.126059, "activity_lines": [ 78.673333, 77.950909, 76.949619, 75.685742 ] }, { "date": "2025-08-15", "close": 78.26, "volume": 15424718, "typical_volume": 21501806.85, "trend": 74.424667, "fair_value": 78.077308, "relative_strength": -2.222405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.677931, "energy": 40.852403, "activity_lines": [ 78.612, 78.112364, 77.205333, 75.951419 ] }, { "date": "2025-08-22", "close": 81.83, "volume": 24727308, "typical_volume": 21464444.65, "trend": 74.852667, "fair_value": 78.016987, "relative_strength": 1.95508, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.578615, "energy": 46.917152, "activity_lines": [ 79.726667, 78.909455, 77.766048, 76.429183 ] }, { "date": "2025-08-29", "close": 81.34, "volume": 18597982, "typical_volume": 20865637.0, "trend": 75.149, "fair_value": 77.969872, "relative_strength": 1.378463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.642908, "energy": 49.980512, "activity_lines": [ 80.322, 79.496, 78.220714, 76.84772 ] }, { "date": "2025-09-05", "close": 80.94, "volume": 11660314, "typical_volume": 20712659.75, "trend": 75.502, "fair_value": 77.865321, "relative_strength": 0.540478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.701038, "energy": 51.490723, "activity_lines": [ 80.694667, 79.873273, 78.580429, 77.221333 ] }, { "date": "2025-09-12", "close": 77.57, "volume": 20454302, "typical_volume": 20119941.75, "trend": 75.548, "fair_value": 77.764167, "relative_strength": -5.056318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.98474, "energy": 35.426458, "activity_lines": [ 79.836667, 79.588182, 78.574381, 77.354753 ] }, { "date": "2025-09-19", "close": 74.41, "volume": 30230701, "typical_volume": 20490474.25, "trend": 75.585, "fair_value": 77.697949, "relative_strength": -9.939299, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.218183, "energy": 9.945725, "activity_lines": [ 77.977333, 78.714364, 78.260095, 77.281333 ] }, { "date": "2025-09-26", "close": 76.25, "volume": 23389598, "typical_volume": 20916459.4, "trend": 75.739333, "fair_value": 77.657051, "relative_strength": -7.411448, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 18.737802, "energy": 18.166166, "activity_lines": [ 76.988, 78.241273, 78.126952, 77.324237 ] }, { "date": "2025-10-03", "close": 77.07, "volume": 23076763, "typical_volume": 20737929.15, "trend": 75.964, "fair_value": 77.611154, "relative_strength": -7.441807, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.186456, "energy": 18.663152, "activity_lines": [ 76.644, 77.921636, 78.059667, 77.410086 ] }, { "date": "2025-10-10", "close": 73.94, "volume": 18416103, "typical_volume": 20494203.95, "trend": 76.119, "fair_value": 77.556795, "relative_strength": -8.918376, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.974072, "energy": 26.768459, "activity_lines": [ 75.541333, 77.086182, 77.698714, 77.279505 ] }, { "date": "2025-10-17", "close": 74.64, "volume": 19366728, "typical_volume": 20327759.0, "trend": 76.258333, "fair_value": 77.491603, "relative_strength": -9.499151, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.352311, "energy": 31.955416, "activity_lines": [ 75.138667, 76.476, 77.409429, 77.184086 ] }, { "date": "2025-10-24", "close": 76.1, "volume": 20310860, "typical_volume": 20550583.0, "trend": 76.431333, "fair_value": 77.525128, "relative_strength": -9.355971, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.504239, "energy": 27.029524, "activity_lines": [ 75.418, 76.198727, 77.276238, 77.173871 ] }, { "date": "2025-10-31", "close": 82.45, "volume": 47150464, "typical_volume": 22118523.95, "trend": 76.867667, "fair_value": 77.614295, "relative_strength": -2.502743, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.136317, "energy": 17.348635, "activity_lines": [ 77.701333, 77.115273, 77.754571, 77.562172 ] }, { "date": "2025-11-07", "close": 83.39, "volume": 20659680, "typical_volume": 22303855.85, "trend": 77.334, "fair_value": 77.670321, "relative_strength": 0.048942, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.794936, "energy": 34.070477, "activity_lines": [ 79.884667, 78.191455, 78.287667, 77.982968 ] }, { "date": "2025-11-14", "close": 86.3, "volume": 16547354, "typical_volume": 21971641.25, "trend": 77.826333, "fair_value": 77.7425, "relative_strength": 3.210923, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 72.252221, "energy": 63.871416, "activity_lines": [ 82.616667, 79.759455, 79.052381, 78.561419 ] }, { "date": "2025-11-21", "close": 85.13, "volume": 20049925, "typical_volume": 22423924.35, "trend": 78.129333, "fair_value": 77.798718, "relative_strength": 3.654136, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.087914, "energy": 72.381977, "activity_lines": [ 84.134667, 81.017273, 79.667143, 79.032624 ] }, { "date": "2025-11-28", "close": 86.67, "volume": 14407475, "typical_volume": 22362812.5, "trend": 78.496667, "fair_value": 77.86359, "relative_strength": 1.658119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.632435, "energy": 77.061918, "activity_lines": [ 85.466667, 82.417636, 80.388857, 79.583634 ] }, { "date": "2025-12-05", "close": 86.19, "volume": 15329336, "typical_volume": 21986272.85, "trend": 78.913667, "fair_value": 77.941667, "relative_strength": 0.653786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.439778, "energy": 73.250595, "activity_lines": [ 85.934, 83.507818, 81.02381, 80.079978 ] }, { "date": "2025-12-12", "close": 83.08, "volume": 13830689, "typical_volume": 20868956.45, "trend": 79.083, "fair_value": 78.006218, "relative_strength": -2.404451, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.057616, "energy": 52.382292, "activity_lines": [ 85.115333, 83.851818, 81.316381, 80.348774 ] }, { "date": "2025-12-19", "close": 85.66, "volume": 24139870, "typical_volume": 20753432.1, "trend": 79.438667, "fair_value": 78.079744, "relative_strength": 0.538448, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.505513, "energy": 43.781924, "activity_lines": [ 85.177333, 84.555636, 81.84, 80.773097 ] }, { "date": "2025-12-26", "close": 86.85, "volume": 5775275, "typical_volume": 20177272.25, "trend": 79.726333, "fair_value": 78.158205, "relative_strength": 0.543329, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.500766, "energy": 42.946342, "activity_lines": [ 85.678667, 85.262727, 82.44681, 81.251247 ] }, { "date": "2026-01-02", "close": 85.33, "volume": 7182981, "typical_volume": 19765185.4, "trend": 79.986667, "fair_value": 78.211538, "relative_strength": -0.162161, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.036744, "energy": 36.270389, "activity_lines": [ 85.558667, 85.471455, 82.868381, 81.612774 ] }, { "date": "2026-01-09", "close": 85.13, "volume": 19428865, "typical_volume": 19500263.25, "trend": 80.319333, "fair_value": 78.255256, "relative_strength": -1.880348, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.665247, "energy": 33.145464, "activity_lines": [ 85.461333, 85.476, 83.237238, 81.944602 ] }, { "date": "2026-01-16", "close": 84.35, "volume": 20155182, "typical_volume": 19578123.25, "trend": 80.67, "fair_value": 78.287692, "relative_strength": -2.497834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.444041, "energy": 27.475419, "activity_lines": [ 85.174667, 85.29, 83.516095, 82.204645 ] }, { "date": "2026-01-23", "close": 83.66, "volume": 16045943, "typical_volume": 19797404.7, "trend": 80.851667, "fair_value": 78.323077, "relative_strength": -3.05251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.224609, "energy": 20.143146, "activity_lines": [ 84.573333, 84.961091, 83.714905, 82.397548 ] }, { "date": "2026-01-30", "close": 81.36, "volume": 15592497, "typical_volume": 19554314.45, "trend": 81.004, "fair_value": 78.318205, "relative_strength": -6.030277, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.916212, "energy": 15.69445, "activity_lines": [ 83.338667, 84.262, 83.681714, 82.430344 ] }, { "date": "2026-02-06", "close": 78.71, "volume": 27095748, "typical_volume": 19397566.8, "trend": 81.026, "fair_value": 78.327885, "relative_strength": -8.850234, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.191608, "energy": 17.601122, "activity_lines": [ 81.586667, 83.149636, 83.378095, 82.282344 ] }, { "date": "2026-02-13", "close": 75.87, "volume": 34687276, "typical_volume": 19962450.7, "trend": 81.005333, "fair_value": 78.310962, "relative_strength": -10.788234, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -38.64419, "energy": 45.883638, "activity_lines": [ 79.329333, 81.665636, 82.783524, 81.949699 ] }, { "date": "2026-02-20", "close": 79.78, "volume": 17575242, "typical_volume": 19687374.65, "trend": 80.998, "fair_value": 78.33359, "relative_strength": -7.122683, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.027839, "energy": 44.54613, "activity_lines": [ 78.992667, 81.080182, 82.563143, 81.870645 ] }, { "date": "2026-02-27", "close": 86.47, "volume": 24053534, "typical_volume": 19969246.2, "trend": 81.236, "fair_value": 78.362756, "relative_strength": 1.106355, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 5.736976, "energy": 15.185486, "activity_lines": [ 81.190667, 81.771091, 82.967, 82.223677 ] }, { "date": "2026-03-06", "close": 81.64, "volume": 25411533, "typical_volume": 20271486.45, "trend": 81.345667, "fair_value": 78.409551, "relative_strength": -2.576984, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 18.712003, "energy": 12.748205, "activity_lines": [ 81.591333, 81.569091, 82.85119, 82.249742 ] }, { "date": "2026-03-13", "close": 81.81, "volume": 25179613, "typical_volume": 20514924.1, "trend": 81.464, "fair_value": 78.41641, "relative_strength": -0.871033, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 24.989989, "energy": 15.621822, "activity_lines": [ 82.03, 81.492727, 82.718238, 82.279699 ] }, { "date": "2026-03-20", "close": 82.5, "volume": 20394296, "typical_volume": 19177115.7, "trend": 81.486333, "fair_value": 78.427564, "relative_strength": 1.784569, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.812506, "energy": 19.436324, "activity_lines": [ 82.492, 81.605818, 82.62381, 82.346538 ] }, { "date": "2026-03-27", "close": 79.34, "volume": 23060273, "typical_volume": 19297145.35, "trend": 81.419667, "fair_value": 78.405833, "relative_strength": 0.182172, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.223108, "energy": 5.074425, "activity_lines": [ 81.458667, 81.192182, 82.22819, 82.208065 ] }, { "date": "2026-04-03", "close": 81.05, "volume": 17998041, "typical_volume": 19369679.7, "trend": 81.423333, "fair_value": 78.387692, "relative_strength": -0.818058, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.001154, "energy": 9.875156, "activity_lines": [ 81.024667, 81.180545, 82.014714, 82.184215 ] }, { "date": "2026-04-10", "close": 77.87, "volume": 21471528, "typical_volume": 19440759.85, "trend": 81.433333, "fair_value": 78.34609, "relative_strength": -7.783452, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -29.286134, "energy": 26.462545, "activity_lines": [ 79.892, 80.638182, 81.523381, 81.954968 ] }, { "date": "2026-04-17", "close": 80.99, "volume": 29039803, "typical_volume": 20172376.25, "trend": 81.652667, "fair_value": 78.310513, "relative_strength": -7.898872, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.553944, "energy": 23.672744, "activity_lines": [ 80.050667, 80.726545, 81.363762, 81.926366 ] }, { "date": "2026-04-24", "close": 84.15, "volume": 33387103, "typical_volume": 21075264.6, "trend": 81.916, "fair_value": 78.285962, "relative_strength": -4.491177, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.231748, "energy": 3.610637, "activity_lines": [ 81.317333, 81.348, 81.532143, 82.087484 ] }, { "date": "2026-05-01", "close": 83.98, "volume": 31243944, "typical_volume": 21945927.35, "trend": 82.146333, "fair_value": 78.255449, "relative_strength": -5.298969, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.848989, "energy": 9.965782, "activity_lines": [ 82.417333, 81.788, 81.694048, 82.220645 ] }, { "date": "2026-05-08", "close": 79.96, "volume": 19038474, "typical_volume": 21690857.55, "trend": 82.347, "fair_value": 78.196346, "relative_strength": -11.579745, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.255234, "energy": 16.560548, "activity_lines": [ 81.868, 81.420727, 81.46881, 82.079591 ] }, { "date": "2026-05-15", "close": 81.38, "volume": 23661759, "typical_volume": 22585181.75, "trend": 82.571667, "fair_value": 78.154359, "relative_strength": -9.877616, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.830543, "energy": 11.135859, "activity_lines": [ 81.864667, 81.43, 81.405952, 82.017204 ] }, { "date": "2026-05-22", "close": 85.78, "volume": 20927801, "typical_volume": 23272422.75, "trend": 82.894333, "fair_value": 78.178526, "relative_strength": -5.592401, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.475561, "energy": 16.980311, "activity_lines": [ 83.094, 82.244, 81.78819, 82.224194 ] }, { "date": "2026-05-29", "close": 86.47, "volume": 26154931, "typical_volume": 23608726.05, "trend": 83.028333, "fair_value": 78.185769, "relative_strength": -5.900734, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.962143, "energy": 27.510209, "activity_lines": [ 84.234, 83.111273, 82.234, 82.454882 ] }, { "date": "2026-06-05", "close": 85.96, "volume": 29118200, "typical_volume": 24056876.95, "trend": 83.114, "fair_value": 78.197692, "relative_strength": -3.836789, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.975978, "energy": 35.778414, "activity_lines": [ 85.049333, 83.813636, 82.624857, 82.644022 ] }, { "date": "2026-06-12", "close": 85.11, "volume": 22013358, "typical_volume": 24355247.7, "trend": 83.074333, "fair_value": 78.15391, "relative_strength": -5.137428, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.589511, "energy": 41.373305, "activity_lines": [ 85.449333, 84.241091, 82.927095, 82.772796 ] }, { "date": "2026-06-19", "close": 87.36, "volume": 19148430, "typical_volume": 24533044.35, "trend": 83.148667, "fair_value": 78.134808, "relative_strength": -3.394147, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.467375, "energy": 44.09043, "activity_lines": [ 86.256, 85.003818, 83.436714, 83.04929 ] }, { "date": "2026-06-26", "close": 90.78, "volume": 30986309, "typical_volume": 24727572.4, "trend": 83.285667, "fair_value": 78.112051, "relative_strength": 2.898584, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 72.338953, "energy": 61.726328, "activity_lines": [ 87.804, 86.215818, 84.243476, 83.541634 ] }, { "date": "2026-07-03", "close": 94.37, "volume": 14724109, "typical_volume": 23729414.05, "trend": 83.558333, "fair_value": 78.138397, "relative_strength": 4.657538, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.072107, "energy": 74.028298, "activity_lines": [ 90.215333, 87.902545, 85.334667, 84.256753 ] }, { "date": "2026-07-10", "close": 92.21, "volume": 21036661, "typical_volume": 23902485.0, "trend": 83.862667, "fair_value": 78.130897, "relative_strength": 0.955033, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.606308, "energy": 72.764352, "activity_lines": [ 91.38, 89.010727, 86.132048, 84.814925 ] }, { "date": "2026-07-17", "close": 85.73, "volume": 27871662, "typical_volume": 24093391.4, "trend": 83.865, "fair_value": 78.087051, "relative_strength": -4.547426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.050785, "energy": 55.970308, "activity_lines": [ 89.968, 88.791091, 86.253095, 84.935398 ] }, { "date": "2026-07-24", "close": 82.63, "volume": 31229014, "typical_volume": 24384265.45, "trend": 83.724333, "fair_value": 78.079936, "relative_strength": -7.232725, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.146141, "energy": 22.418629, "activity_lines": [ 87.481333, 87.902909, 86.082429, 84.85572 ] }, { "date": "2026-07-31", "close": 86.07, "volume": 25798000, "typical_volume": 24415184.8, "trend": 83.749, "fair_value": 78.121731, "relative_strength": -4.207673, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.661928, "energy": 19.099767, "activity_lines": [ 86.456667, 87.617455, 86.234667, 85.007054 ] }, { "date": "2026-08-07", "close": 89.72, "volume": 17044117, "typical_volume": 24247675.85, "trend": 83.902, "fair_value": 78.187821, "relative_strength": -3.404471, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.166952, "energy": 23.993003, "activity_lines": [ 86.962667, 87.990364, 86.714238, 85.39228 ] } ], "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." } } }