{ "ticker": { "uuid": "558aa64c-8d4b-4ffe-9df1-b258125d1179", "symbol": "FEX", "name": "First Trust Large Cap Core AlphaDEX Fund", "exchange": "NASDAQ", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 70.577, "architecture_energy": 48.02, "architecture_maturity": 46.129, "architecture_confidence": 54.462, "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": 34.01, "rotation_up": 40.82, "upward_expansion": 73.45, "deceleration": 76.36, "rotation_down": 27.95, "downward_expansion": 7.12 }, "activity_lines": [ 137.376727, 137.133105, 135.30705, 132.832681 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 139.86, "trend_reference": 129.830748, "distance_from_trend": 0.077249, "trend_direction": "Improving", "fair_value": 105.606254, "distance_from_fair_value": 0.324353, "fair_value_direction": "Improving", "relative_strength": -1.214963, "relative_strength_direction": "Improving", "price_momentum": 0.108819, "excess_performance": -0.078635, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077249, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051208, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.324353, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.026669, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.01215, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.056597, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.108819, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.004326, "read": "Demand-led" } ], "volume": { "latest": 171142, "relative_activity": 1.531156, "balance": 2.004326, "dry_up": 1.263763, "accumulation_observations": 7, "distribution_observations": 2 }, "risk": { "range_context": 0.024891, "annualized_volatility": 0.107277, "from_high_reference": -0.00442, "from_low_reference": 0.265391 }, "levels": { "trend_reference": 129.830748, "fair_value_reference": 105.606254, "structural_low": 119.0392, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.014941, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.003948, "regime_survival": 0.3, "best_return": 0.074358, "worst_return": -0.052404, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.023537, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.010671, "regime_survival": 0.142857, "best_return": 0.148153, "worst_return": -0.120369, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.090132, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.032531, "regime_survival": 0.0, "best_return": 0.144242, "worst_return": 0.036199, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.151701, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.036533, "regime_survival": 0.0, "best_return": 0.219803, "worst_return": -0.147155, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-12-27", "tenure": "Extended", "return": 0.088165, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": 0.030795, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.011785, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.018362, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.094802, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.115883, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.031181, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.046336, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-11-21", "tenure": "Established", "return": 0.022489, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": 0.003823, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-12", "end": "2026-03-20", "tenure": "Established", "return": 0.007989, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.079536, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-24", "tenure": "Established", "return": 0.054396, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.026205, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 80.122196, "volume": 141702, "typical_volume": 244484.7, "trend": 79.042323, "fair_value": 77.098691, "relative_strength": -11.611058, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.577576, "energy": 42.462726, "activity_lines": [ 82.00534, 82.003081, 80.454501, 79.562567 ] }, { "date": "2023-08-25", "close": 80.199506, "volume": 173057, "typical_volume": 228964.8, "trend": 79.005688, "fair_value": 77.222421, "relative_strength": -12.729934, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.618243, "energy": 23.147351, "activity_lines": [ 81.205181, 81.753456, 80.545832, 79.637223 ] }, { "date": "2023-09-01", "close": 82.248222, "volume": 112452, "typical_volume": 219730.15, "trend": 79.010467, "fair_value": 77.367215, "relative_strength": -13.460853, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.625145, "energy": 25.729591, "activity_lines": [ 81.32179, 81.875026, 80.815649, 79.846419 ] }, { "date": "2023-09-08", "close": 81.13689, "volume": 237202, "typical_volume": 217321.85, "trend": 78.998999, "fair_value": 77.513254, "relative_strength": -13.227593, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.02449, "energy": 24.09281, "activity_lines": [ 81.190363, 81.723919, 80.958533, 79.983608 ] }, { "date": "2023-09-15", "close": 81.127227, "volume": 76113, "typical_volume": 203559.3, "trend": 78.996487, "fair_value": 77.656071, "relative_strength": -12.551069, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.82565, "energy": 19.209566, "activity_lines": [ 81.163305, 81.571935, 81.084458, 80.120913 ] }, { "date": "2023-09-22", "close": 78.878374, "volume": 116572, "typical_volume": 193523.85, "trend": 78.986202, "fair_value": 77.79019, "relative_strength": -11.787553, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.600246, "energy": 10.97866, "activity_lines": [ 80.46716, 81.000702, 80.978692, 80.113293 ] }, { "date": "2023-09-29", "close": 78.66498, "volume": 180419, "typical_volume": 181976.3, "trend": 78.923372, "fair_value": 77.913366, "relative_strength": -11.842872, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.044841, "energy": 17.025313, "activity_lines": [ 79.782805, 80.456332, 80.839853, 80.092569 ] }, { "date": "2023-10-06", "close": 77.916644, "volume": 267482, "typical_volume": 187397.65, "trend": 79.009328, "fair_value": 78.015656, "relative_strength": -13.880874, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.94778, "energy": 33.3703, "activity_lines": [ 78.951307, 79.867582, 80.614229, 80.027619 ] }, { "date": "2023-10-13", "close": 78.226454, "volume": 164307, "typical_volume": 180804.05, "trend": 79.164881, "fair_value": 78.118201, "relative_strength": -13.303327, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.355946, "energy": 46.966922, "activity_lines": [ 78.511851, 79.447302, 80.410838, 79.977111 ] }, { "date": "2023-10-20", "close": 76.181843, "volume": 409799, "typical_volume": 196406.5, "trend": 79.231843, "fair_value": 78.207635, "relative_strength": -12.678945, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.308396, "energy": 62.684442, "activity_lines": [ 77.584886, 78.737533, 80.001437, 79.784656 ] }, { "date": "2023-10-27", "close": 74.542585, "volume": 611262, "typical_volume": 206881.7, "trend": 79.131108, "fair_value": 78.309055, "relative_strength": -11.86025, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.221062, "energy": 72.9912, "activity_lines": [ 76.441195, 77.841597, 79.441355, 79.482124 ] }, { "date": "2023-11-03", "close": 79.33659, "volume": 755731, "typical_volume": 223946.15, "trend": 79.218757, "fair_value": 78.413459, "relative_strength": -11.402879, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.009694, "energy": 41.532025, "activity_lines": [ 77.184558, 77.918746, 79.355091, 79.495381 ] }, { "date": "2023-11-10", "close": 79.101468, "volume": 526374, "typical_volume": 245568.9, "trend": 79.261509, "fair_value": 78.50915, "relative_strength": -13.687341, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.469443, "energy": 28.407324, "activity_lines": [ 77.804773, 77.968835, 79.250204, 79.487814 ] }, { "date": "2023-11-17", "close": 81.739801, "volume": 143038, "typical_volume": 246242.5, "trend": 79.393872, "fair_value": 78.618398, "relative_strength": -12.109701, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 12.398015, "energy": 10.813071, "activity_lines": [ 79.225444, 78.555834, 79.393077, 79.647703 ] }, { "date": "2023-11-24", "close": 82.381536, "volume": 86878, "typical_volume": 239255.55, "trend": 79.558289, "fair_value": 78.72062, "relative_strength": -11.714892, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 26.310078, "energy": 31.248446, "activity_lines": [ 80.625804, 79.24855, 79.594426, 79.840456 ] }, { "date": "2023-12-01", "close": 84.184138, "volume": 186302, "typical_volume": 237971.9, "trend": 79.824396, "fair_value": 78.82647, "relative_strength": -9.428236, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 65.794195, "energy": 52.176556, "activity_lines": [ 82.213718, 80.246206, 79.958764, 80.138898 ] }, { "date": "2023-12-08", "close": 84.09684, "volume": 313683, "typical_volume": 246049.25, "trend": 80.114057, "fair_value": 78.933558, "relative_strength": -9.56824, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.892406, "energy": 72.071213, "activity_lines": [ 83.129762, 81.131522, 80.306719, 80.414539 ] }, { "date": "2023-12-15", "close": 87.133056, "volume": 122627, "typical_volume": 247070.4, "trend": 80.472188, "fair_value": 79.051344, "relative_strength": -8.859897, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.917449, "energy": 86.523491, "activity_lines": [ 84.740528, 82.470116, 80.941983, 80.867378 ] }, { "date": "2023-12-22", "close": 87.540543, "volume": 101106, "typical_volume": 243160.05, "trend": 80.861644, "fair_value": 79.171802, "relative_strength": -8.73302, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.446519, "energy": 89.799042, "activity_lines": [ 85.951685, 83.715227, 81.601539, 81.323401 ] }, { "date": "2023-12-29", "close": 87.845689, "volume": 93081, "typical_volume": 240959.35, "trend": 81.212375, "fair_value": 79.294147, "relative_strength": -8.14564, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.827628, "energy": 90.633842, "activity_lines": [ 86.87784, 84.846472, 82.267347, 81.773984 ] }, { "date": "2024-01-05", "close": 86.867408, "volume": 200544, "typical_volume": 243901.45, "trend": 81.502474, "fair_value": 79.394736, "relative_strength": -5.658019, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.632593, "energy": 86.329879, "activity_lines": [ 87.113625, 85.587779, 82.813745, 82.138825 ] }, { "date": "2024-01-12", "close": 87.246113, "volume": 135750, "typical_volume": 242036.1, "trend": 81.739743, "fair_value": 79.4969, "relative_strength": -7.636467, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.791797, "energy": 82.473019, "activity_lines": [ 87.29676, 86.173852, 83.36409, 82.509383 ] }, { "date": "2024-01-19", "close": 87.571525, "volume": 75552, "typical_volume": 240191.1, "trend": 82.046648, "fair_value": 79.597483, "relative_strength": -9.280073, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.5548, "energy": 75.016788, "activity_lines": [ 87.378415, 86.675283, 83.911871, 82.885627 ] }, { "date": "2024-01-26", "close": 88.552924, "volume": 205839, "typical_volume": 238622.95, "trend": 82.292238, "fair_value": 79.721712, "relative_strength": -8.314424, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.3378, "energy": 69.092194, "activity_lines": [ 87.757971, 87.201148, 84.52777, 83.305386 ] }, { "date": "2024-02-02", "close": 89.712325, "volume": 209765, "typical_volume": 245305.55, "trend": 82.597414, "fair_value": 79.830674, "relative_strength": -7.765923, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.858014, "energy": 86.727952, "activity_lines": [ 88.456502, 87.813938, 85.218774, 83.784102 ] }, { "date": "2024-02-09", "close": 90.49497, "volume": 240533, "typical_volume": 251503.6, "trend": 82.864252, "fair_value": 79.931987, "relative_strength": -8.153258, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.289505, "energy": 88.783753, "activity_lines": [ 89.291472, 88.435741, 85.943433, 84.293621 ] }, { "date": "2024-02-16", "close": 90.975098, "volume": 163259, "typical_volume": 250645.6, "trend": 83.106507, "fair_value": 80.038343, "relative_strength": -5.792543, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.106551, "energy": 90.179909, "activity_lines": [ 90.044648, 89.030097, 86.658503, 84.816902 ] }, { "date": "2024-02-23", "close": 92.244594, "volume": 81749, "typical_volume": 241358.95, "trend": 83.378516, "fair_value": 80.166539, "relative_strength": -5.332724, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.434571, "energy": 91.443371, "activity_lines": [ 90.97239, 89.730211, 87.435857, 85.406456 ] }, { "date": "2024-03-01", "close": 93.297701, "volume": 88539, "typical_volume": 237570.55, "trend": 83.730081, "fair_value": 80.300345, "relative_strength": -5.650942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.908609, "energy": 90.640332, "activity_lines": [ 91.939629, 90.528863, 88.245278, 86.046403 ] }, { "date": "2024-03-08", "close": 94.186932, "volume": 79275, "typical_volume": 221044.35, "trend": 84.125139, "fair_value": 80.422745, "relative_strength": -2.915128, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.749672, "energy": 88.310795, "activity_lines": [ 92.886961, 91.384517, 89.06762, 86.721039 ] }, { "date": "2024-03-15", "close": 93.66793, "volume": 99590, "typical_volume": 195460.75, "trend": 84.576664, "fair_value": 80.545538, "relative_strength": -2.087873, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.888204, "energy": 85.809799, "activity_lines": [ 93.362984, 92.030511, 89.754796, 87.336703 ] }, { "date": "2024-03-22", "close": 95.616085, "volume": 140203, "typical_volume": 164684.35, "trend": 85.090549, "fair_value": 80.677352, "relative_strength": -2.74853, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.702379, "energy": 88.871304, "activity_lines": [ 94.276862, 92.90707, 90.536436, 88.048923 ] }, { "date": "2024-03-29", "close": 96.895132, "volume": 177366, "typical_volume": 147233.95, "trend": 85.57878, "fair_value": 80.811536, "relative_strength": -0.704211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.497026, "energy": 82.427049, "activity_lines": [ 95.30769, 93.864002, 91.362369, 88.810509 ] }, { "date": "2024-04-05", "close": 95.616085, "volume": 89053, "typical_volume": 144534.7, "trend": 86.06142, "fair_value": 80.928927, "relative_strength": -1.004751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.459497, "energy": 67.99342, "activity_lines": [ 95.602133, 94.418859, 91.981757, 89.458077 ] }, { "date": "2024-04-12", "close": 93.0659, "volume": 81047, "typical_volume": 144243.15, "trend": 86.459375, "fair_value": 81.022519, "relative_strength": -2.875568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.735344, "energy": 65.022475, "activity_lines": [ 94.891956, 94.381626, 92.292192, 89.909979 ] }, { "date": "2024-04-19", "close": 91.500385, "volume": 78920, "typical_volume": 138874.05, "trend": 86.880109, "fair_value": 81.104814, "relative_strength": 1.16683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.989264, "energy": 48.062449, "activity_lines": [ 93.734675, 93.998779, 92.402652, 90.235206 ] }, { "date": "2024-04-26", "close": 93.282556, "volume": 76909, "typical_volume": 127035.35, "trend": 87.367362, "fair_value": 81.199074, "relative_strength": -0.553639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.434053, "energy": 32.7265, "activity_lines": [ 93.315955, 93.921683, 92.648004, 90.648267 ] }, { "date": "2024-05-03", "close": 93.263029, "volume": 311584, "typical_volume": 136483.2, "trend": 87.878908, "fair_value": 81.286058, "relative_strength": -1.393341, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.249342, "energy": 26.925547, "activity_lines": [ 93.046294, 93.799083, 92.847755, 91.028633 ] }, { "date": "2024-05-10", "close": 95.278651, "volume": 71904, "typical_volume": 135023.1, "trend": 88.447314, "fair_value": 81.392152, "relative_strength": -0.603164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.739542, "energy": 31.952035, "activity_lines": [ 93.690647, 94.024442, 93.210279, 91.506035 ] }, { "date": "2024-05-17", "close": 96.240963, "volume": 90031, "typical_volume": 134870.6, "trend": 89.115952, "fair_value": 81.504775, "relative_strength": -1.619946, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.165829, "energy": 50.07631, "activity_lines": [ 94.678267, 94.38875, 93.627604, 92.008851 ] }, { "date": "2024-05-24", "close": 95.337624, "volume": 59897, "typical_volume": 127838.25, "trend": 89.80912, "fair_value": 81.604276, "relative_strength": -3.766677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.940071, "energy": 49.359046, "activity_lines": [ 95.153103, 94.551469, 93.918919, 92.41025 ] }, { "date": "2024-05-31", "close": 94.915636, "volume": 102283, "typical_volume": 126164.9, "trend": 90.328421, "fair_value": 81.696745, "relative_strength": -2.576631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.276439, "energy": 47.890631, "activity_lines": [ 95.23146, 94.607104, 94.129711, 92.739702 ] }, { "date": "2024-06-07", "close": 94.005071, "volume": 103292, "typical_volume": 127551.9, "trend": 90.825208, "fair_value": 81.782536, "relative_strength": -5.906069, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.761571, "energy": 40.700629, "activity_lines": [ 94.897423, 94.509918, 94.21726, 92.976905 ] }, { "date": "2024-06-14", "close": 93.74233, "volume": 82611, "typical_volume": 121390.5, "trend": 91.225292, "fair_value": 81.88371, "relative_strength": -9.15598, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.335693, "energy": 27.584006, "activity_lines": [ 94.426337, 94.417507, 94.24915, 93.165107 ] }, { "date": "2024-06-21", "close": 94.805696, "volume": 74149, "typical_volume": 114609.7, "trend": 91.639431, "fair_value": 81.975594, "relative_strength": -8.152029, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.280258, "energy": 21.57963, "activity_lines": [ 94.412127, 94.552504, 94.357602, 93.396101 ] }, { "date": "2024-06-28", "close": 94.947909, "volume": 52232, "typical_volume": 105194.65, "trend": 91.998223, "fair_value": 82.064354, "relative_strength": -7.766365, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.082002, "energy": 20.794878, "activity_lines": [ 94.541006, 94.681724, 94.455344, 93.609551 ] }, { "date": "2024-07-05", "close": 94.695439, "volume": 40420, "typical_volume": 99052.7, "trend": 92.35151, "fair_value": 82.15216, "relative_strength": -10.928608, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.104284, "energy": 20.669484, "activity_lines": [ 94.61171, 94.702359, 94.507837, 93.783565 ] }, { "date": "2024-07-12", "close": 97.052642, "volume": 77721, "typical_volume": 98851.3, "trend": 92.682163, "fair_value": 82.264047, "relative_strength": -8.275051, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.470551, "energy": 48.534038, "activity_lines": [ 95.482828, 95.125888, 94.767109, 94.086864 ] }, { "date": "2024-07-19", "close": 96.641485, "volume": 79563, "typical_volume": 98402.5, "trend": 92.985528, "fair_value": 82.361739, "relative_strength": -4.720354, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.941867, "energy": 57.320883, "activity_lines": [ 96.013722, 95.405759, 94.964329, 94.342304 ] }, { "date": "2024-07-26", "close": 97.102666, "volume": 60339, "typical_volume": 97455.7, "trend": 93.294093, "fair_value": 82.461242, "relative_strength": -1.630583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.002758, "energy": 65.251928, "activity_lines": [ 96.505066, 95.744702, 95.189547, 94.607926 ] }, { "date": "2024-08-02", "close": 94.512279, "volume": 146068, "typical_volume": 99779.6, "trend": 93.548922, "fair_value": 82.536734, "relative_strength": -1.101733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.093634, "energy": 43.007984, "activity_lines": [ 95.979816, 95.596998, 95.154177, 94.686518 ] }, { "date": "2024-08-09", "close": 95.132049, "volume": 189995, "typical_volume": 102269.2, "trend": 93.811787, "fair_value": 82.61078, "relative_strength": -0.684202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.87004, "energy": 26.262764, "activity_lines": [ 95.690198, 95.576986, 95.173812, 94.788655 ] }, { "date": "2024-08-16", "close": 97.463799, "volume": 54677, "typical_volume": 96134.75, "trend": 94.141529, "fair_value": 82.705975, "relative_strength": -3.347825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.457136, "energy": 32.368134, "activity_lines": [ 96.148723, 95.976994, 95.417824, 95.024269 ] }, { "date": "2024-08-23", "close": 99.421689, "volume": 57509, "typical_volume": 94557.55, "trend": 94.503822, "fair_value": 82.802642, "relative_strength": -2.296917, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.493282, "energy": 42.832179, "activity_lines": [ 97.232467, 96.670095, 95.845594, 95.364925 ] }, { "date": "2024-08-30", "close": 100.326627, "volume": 136662, "typical_volume": 97338.3, "trend": 94.857632, "fair_value": 82.903483, "relative_strength": -0.55721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.845806, "energy": 72.934149, "activity_lines": [ 98.432511, 97.42447, 96.341426, 95.740589 ] }, { "date": "2024-09-06", "close": 96.515788, "volume": 55951, "typical_volume": 96189.85, "trend": 95.058326, "fair_value": 82.990614, "relative_strength": 1.584306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.838933, "energy": 62.183935, "activity_lines": [ 98.147344, 97.385585, 96.439746, 95.847567 ] }, { "date": "2024-09-13", "close": 99.25801, "volume": 270394, "typical_volume": 105864.1, "trend": 95.334423, "fair_value": 83.097311, "relative_strength": -1.283712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.566285, "energy": 64.846615, "activity_lines": [ 98.642684, 97.816778, 96.775347, 96.118515 ] }, { "date": "2024-09-20", "close": 101.105475, "volume": 78813, "typical_volume": 94225.55, "trend": 95.629785, "fair_value": 83.213561, "relative_strength": -0.817839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.901951, "energy": 65.969706, "activity_lines": [ 99.478781, 98.500918, 97.258443, 96.490841 ] }, { "date": "2024-09-27", "close": 102.07572, "volume": 65446, "typical_volume": 93902.65, "trend": 95.922386, "fair_value": 83.349911, "relative_strength": -0.789115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.062357, "energy": 61.671212, "activity_lines": [ 100.395516, 99.287779, 97.796598, 96.906707 ] }, { "date": "2024-10-04", "close": 102.569302, "volume": 64070, "typical_volume": 92604.6, "trend": 96.201798, "fair_value": 83.483692, "relative_strength": -0.384007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.167, "energy": 77.229445, "activity_lines": [ 101.299842, 100.065578, 98.349394, 97.335541 ] }, { "date": "2024-10-11", "close": 103.570906, "volume": 56302, "typical_volume": 92424.85, "trend": 96.531898, "fair_value": 83.612669, "relative_strength": -0.591214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.906388, "energy": 83.228849, "activity_lines": [ 102.388524, 100.926092, 98.967446, 97.810967 ] }, { "date": "2024-10-18", "close": 104.767093, "volume": 189039, "typical_volume": 96762.65, "trend": 96.836931, "fair_value": 83.736881, "relative_strength": 0.371682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.756261, "energy": 87.975937, "activity_lines": [ 103.405594, 101.839394, 99.660214, 98.34227 ] }, { "date": "2024-10-25", "close": 102.665072, "volume": 171143, "typical_volume": 100155.2, "trend": 97.029263, "fair_value": 83.848162, "relative_strength": -1.720695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.9363, "energy": 76.367006, "activity_lines": [ 103.354718, 102.195327, 100.105878, 98.718279 ] }, { "date": "2024-11-01", "close": 101.668969, "volume": 53336, "typical_volume": 98691.45, "trend": 97.231025, "fair_value": 83.945393, "relative_strength": -1.020732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.532119, "energy": 63.26072, "activity_lines": [ 102.867835, 102.275581, 100.415437, 99.017615 ] }, { "date": "2024-11-08", "close": 107.713852, "volume": 111084, "typical_volume": 100538.2, "trend": 97.71929, "fair_value": 84.076848, "relative_strength": -0.574699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.961714, "energy": 72.316117, "activity_lines": [ 104.42303, 103.414046, 101.262954, 99.693926 ] }, { "date": "2024-11-15", "close": 106.729143, "volume": 82625, "typical_volume": 102057.85, "trend": 98.226916, "fair_value": 84.206033, "relative_strength": 1.985912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.547658, "energy": 65.782015, "activity_lines": [ 105.307018, 104.239159, 101.955221, 100.275207 ] }, { "date": "2024-11-22", "close": 109.958693, "volume": 54632, "typical_volume": 102768.45, "trend": 98.782787, "fair_value": 84.36458, "relative_strength": 3.114704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.599221, "energy": 89.021973, "activity_lines": [ 107.056974, 105.465767, 102.898963, 101.032096 ] }, { "date": "2024-11-29", "close": 110.876706, "volume": 40491, "typical_volume": 100906.95, "trend": 99.369909, "fair_value": 84.541233, "relative_strength": 3.168474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.41956, "energy": 93.210587, "activity_lines": [ 108.766827, 106.664727, 103.857453, 101.812349 ] }, { "date": "2024-12-06", "close": 109.514518, "volume": 151983, "typical_volume": 104527.95, "trend": 99.844438, "fair_value": 84.694188, "relative_strength": -1.267964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.499025, "energy": 87.635218, "activity_lines": [ 109.475175, 107.438358, 104.620381, 102.46684 ] }, { "date": "2024-12-13", "close": 106.761066, "volume": 69383, "typical_volume": 104980.15, "trend": 100.195108, "fair_value": 84.83737, "relative_strength": -4.352374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.578016, "energy": 82.153395, "activity_lines": [ 108.74267, 107.576111, 105.059777, 102.913074 ] }, { "date": "2024-12-20", "close": 103.466946, "volume": 242111, "typical_volume": 109782.3, "trend": 100.466086, "fair_value": 84.949221, "relative_strength": -5.044044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.21654, "energy": 47.138306, "activity_lines": [ 106.975644, 107.038719, 105.139453, 103.12416 ] }, { "date": "2024-12-27", "close": 103.743042, "volume": 61967, "typical_volume": 103380.9, "trend": 100.760333, "fair_value": 85.055249, "relative_strength": -5.502846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.250421, "energy": 26.558999, "activity_lines": [ 105.518129, 106.553417, 105.202784, 103.335576 ] }, { "date": "2025-01-03", "close": 103.957707, "volume": 83074, "typical_volume": 104800.75, "trend": 101.092087, "fair_value": 85.17415, "relative_strength": -4.407493, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.965251, "energy": 31.230255, "activity_lines": [ 104.546546, 106.125763, 105.245554, 103.541859 ] }, { "date": "2025-01-10", "close": 102.236643, "volume": 69367, "typical_volume": 105393.65, "trend": 101.375231, "fair_value": 85.281748, "relative_strength": -3.766697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.869153, "energy": 25.660798, "activity_lines": [ 103.462542, 105.361687, 105.09349, 103.615701 ] }, { "date": "2025-01-17", "close": 107.046333, "volume": 88030, "typical_volume": 102962.05, "trend": 101.783252, "fair_value": 85.450689, "relative_strength": -2.013582, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.350656, "energy": 24.849441, "activity_lines": [ 104.466959, 105.461778, 105.386087, 103.981578 ] }, { "date": "2025-01-24", "close": 108.1024, "volume": 131541, "typical_volume": 106741.55, "trend": 102.221735, "fair_value": 85.625733, "relative_strength": -2.466607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.908149, "energy": 28.093073, "activity_lines": [ 105.804381, 105.766018, 105.747263, 104.389265 ] }, { "date": "2025-01-31", "close": 107.159039, "volume": 93397, "typical_volume": 97891.7, "trend": 102.637189, "fair_value": 85.783531, "relative_strength": -1.912297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.374051, "energy": 29.996635, "activity_lines": [ 106.518319, 105.87377, 105.963421, 104.707801 ] }, { "date": "2025-02-07", "close": 106.826146, "volume": 176072, "typical_volume": 102754.65, "trend": 102.962972, "fair_value": 85.940768, "relative_strength": -2.298901, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.948151, "energy": 37.539229, "activity_lines": [ 106.89356, 105.971898, 106.110251, 104.978056 ] }, { "date": "2025-02-14", "close": 107.757576, "volume": 121653, "typical_volume": 105565.0, "trend": 103.333508, "fair_value": 86.113118, "relative_strength": -4.127644, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.343856, "energy": 50.698432, "activity_lines": [ 107.388048, 106.313024, 106.318548, 105.287386 ] }, { "date": "2025-02-21", "close": 105.406717, "volume": 90082, "typical_volume": 106865.6, "trend": 103.61031, "fair_value": 86.265495, "relative_strength": -3.960736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.307255, "energy": 27.686064, "activity_lines": [ 106.730854, 106.258665, 106.275896, 105.421141 ] }, { "date": "2025-02-28", "close": 105.567247, "volume": 82276, "typical_volume": 108164.3, "trend": 103.978809, "fair_value": 86.42332, "relative_strength": -0.398131, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.77805, "energy": 17.704129, "activity_lines": [ 106.236477, 106.258118, 106.235022, 105.547395 ] }, { "date": "2025-03-07", "close": 102.088143, "volume": 256105, "typical_volume": 111517.6, "trend": 104.210679, "fair_value": 86.572767, "relative_strength": -0.396994, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.435152, "energy": 11.471497, "activity_lines": [ 104.75141, 105.58682, 105.853298, 105.425417 ] }, { "date": "2025-03-14", "close": 100.21355, "volume": 168518, "typical_volume": 111386.35, "trend": 104.302337, "fair_value": 86.684529, "relative_strength": 0.322703, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.531988, "energy": 34.991166, "activity_lines": [ 102.979538, 104.604775, 105.305798, 105.167537 ] }, { "date": "2025-03-21", "close": 101.021525, "volume": 125125, "typical_volume": 114975.8, "trend": 104.355665, "fair_value": 86.79264, "relative_strength": 0.930885, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.920008, "energy": 59.349686, "activity_lines": [ 101.917831, 103.837711, 104.846922, 104.955872 ] }, { "date": "2025-03-28", "close": 100.581955, "volume": 325327, "typical_volume": 125687.95, "trend": 104.364176, "fair_value": 86.900664, "relative_strength": 2.939845, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.539909, "energy": 65.345047, "activity_lines": [ 101.158671, 103.012818, 104.349265, 104.712407 ] }, { "date": "2025-04-04", "close": 91.444434, "volume": 401227, "typical_volume": 141618.05, "trend": 104.195131, "fair_value": 86.952421, "relative_strength": 3.8529, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.589227, "energy": 89.546509, "activity_lines": [ 97.675321, 100.644091, 103.01533, 103.878875 ] }, { "date": "2025-04-11", "close": 94.638611, "volume": 183522, "typical_volume": 148062.55, "trend": 104.041151, "fair_value": 87.027931, "relative_strength": 0.024879, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.008028, "energy": 82.481324, "activity_lines": [ 96.198217, 99.158996, 102.058386, 103.262325 ] }, { "date": "2025-04-18", "close": 95.271512, "volume": 122719, "typical_volume": 152173.95, "trend": 103.846686, "fair_value": 87.119756, "relative_strength": 3.100442, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.775741, "energy": 81.270286, "activity_lines": [ 95.428716, 98.016618, 101.234672, 102.696542 ] }, { "date": "2025-04-25", "close": 98.287685, "volume": 194684, "typical_volume": 154309.0, "trend": 103.720418, "fair_value": 87.247363, "relative_strength": 0.048883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.048872, "energy": 66.264511, "activity_lines": [ 95.994075, 97.63272, 100.772522, 102.337897 ] }, { "date": "2025-05-02", "close": 100.846389, "volume": 80092, "typical_volume": 154844.45, "trend": 103.662987, "fair_value": 87.387366, "relative_strength": -0.679064, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.693712, "energy": 40.400445, "activity_lines": [ 97.594592, 97.88622, 100.60752, 102.152476 ] }, { "date": "2025-05-09", "close": 101.106077, "volume": 204682, "typical_volume": 152973.0, "trend": 103.580826, "fair_value": 87.538623, "relative_strength": -0.158648, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.222902, "energy": 22.636873, "activity_lines": [ 99.264042, 98.269851, 100.495415, 101.987514 ] }, { "date": "2025-05-16", "close": 105.605614, "volume": 217890, "typical_volume": 160769.15, "trend": 103.608777, "fair_value": 87.729768, "relative_strength": -2.315186, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.922888, "energy": 19.05269, "activity_lines": [ 101.789228, 99.552692, 100.823079, 102.118145 ] }, { "date": "2025-05-23", "close": 102.757555, "volume": 225591, "typical_volume": 167895.0, "trend": 103.61186, "fair_value": 87.870128, "relative_strength": -2.590175, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.749217, "energy": 24.322821, "activity_lines": [ 102.633928, 100.25375, 100.870631, 102.063228 ] }, { "date": "2025-05-30", "close": 103.944246, "volume": 48042, "typical_volume": 166828.75, "trend": 103.687702, "fair_value": 88.025134, "relative_strength": -3.23419, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.88299, "energy": 18.674596, "activity_lines": [ 103.375122, 101.124316, 101.036915, 102.084672 ] }, { "date": "2025-06-06", "close": 105.961621, "volume": 361044, "typical_volume": 180479.45, "trend": 103.629295, "fair_value": 88.217469, "relative_strength": -3.329516, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.729711, "energy": 30.4842, "activity_lines": [ 104.411671, 102.308536, 101.3872, 102.231377 ] }, { "date": "2025-06-13", "close": 105.180383, "volume": 66832, "typical_volume": 177244.0, "trend": 103.577669, "fair_value": 88.440299, "relative_strength": -3.528206, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.453019, "energy": 35.06408, "activity_lines": [ 104.846791, 103.252902, 101.668245, 102.331447 ] }, { "date": "2025-06-20", "close": 105.684726, "volume": 61542, "typical_volume": 175651.25, "trend": 103.435204, "fair_value": 88.644325, "relative_strength": -3.059429, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.959287, "energy": 38.680866, "activity_lines": [ 105.178405, 104.039221, 102.011238, 102.467386 ] }, { "date": "2025-06-27", "close": 108.109653, "volume": 175471, "typical_volume": 175621.2, "trend": 103.342969, "fair_value": 88.869069, "relative_strength": -4.769553, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.398471, "energy": 48.778917, "activity_lines": [ 106.313054, 105.065598, 102.592197, 102.768963 ] }, { "date": "2025-07-04", "close": 110.488957, "volume": 207116, "typical_volume": 179894.35, "trend": 103.37545, "fair_value": 89.105456, "relative_strength": -4.156077, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.330028, "energy": 66.71195, "activity_lines": [ 107.883997, 106.291154, 103.393644, 103.229995 ] }, { "date": "2025-07-11", "close": 110.05404, "volume": 105749, "typical_volume": 180677.7, "trend": 103.485216, "fair_value": 89.343351, "relative_strength": -4.197383, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.069685, "energy": 83.650943, "activity_lines": [ 108.873655, 107.215794, 104.140664, 103.660872 ] }, { "date": "2025-07-18", "close": 110.378419, "volume": 60172, "typical_volume": 179572.5, "trend": 103.715598, "fair_value": 89.57156, "relative_strength": -5.054713, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.795276, "energy": 85.006515, "activity_lines": [ 109.698611, 108.032, 104.896447, 104.105594 ] }, { "date": "2025-07-25", "close": 112.541802, "volume": 49251, "typical_volume": 169229.8, "trend": 104.00889, "fair_value": 89.794886, "relative_strength": -3.958436, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.162923, "energy": 92.186597, "activity_lines": [ 110.898158, 109.07296, 105.835357, 104.675027 ] }, { "date": "2025-08-01", "close": 109.327857, "volume": 60698, "typical_volume": 163838.8, "trend": 104.187895, "fair_value": 89.998766, "relative_strength": -4.4694, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.364524, "energy": 81.633302, "activity_lines": [ 110.569252, 109.403454, 106.418397, 105.018186 ] }, { "date": "2025-08-08", "close": 110.925163, "volume": 130776, "typical_volume": 164121.35, "trend": 104.477513, "fair_value": 90.192146, "relative_strength": -6.392318, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.860566, "energy": 69.731089, "activity_lines": [ 110.691568, 109.904907, 107.110159, 105.452848 ] }, { "date": "2025-08-15", "close": 112.27185, "volume": 53648, "typical_volume": 150537.4, "trend": 104.651696, "fair_value": 90.398827, "relative_strength": -5.609391, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.668683, "energy": 72.777419, "activity_lines": [ 111.2337, 110.524287, 107.883018, 105.955709 ] }, { "date": "2025-08-22", "close": 114.108475, "volume": 39056, "typical_volume": 132428.85, "trend": 104.851899, "fair_value": 90.632074, "relative_strength": -3.085129, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.681904, "energy": 68.739098, "activity_lines": [ 112.240185, 111.362867, 108.775127, 106.565824 ] }, { "date": "2025-08-29", "close": 114.05494, "volume": 31364, "typical_volume": 124820.95, "trend": 105.081762, "fair_value": 90.880954, "relative_strength": -2.756135, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.611007, "energy": 82.688842, "activity_lines": [ 112.980156, 112.029384, 109.554214, 107.159568 ] }, { "date": "2025-09-05", "close": 113.989509, "volume": 68032, "typical_volume": 122086.6, "trend": 105.320541, "fair_value": 91.110942, "relative_strength": -3.600688, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.359701, "energy": 84.335531, "activity_lines": [ 113.59744, 112.531819, 110.23461, 107.734262 ] }, { "date": "2025-09-12", "close": 115.242213, "volume": 175918, "typical_volume": 121148.3, "trend": 105.570029, "fair_value": 91.371851, "relative_strength": -4.18065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.706817, "energy": 83.580072, "activity_lines": [ 114.321515, 113.155112, 110.945178, 108.37437 ] }, { "date": "2025-09-19", "close": 115.844574, "volume": 46850, "typical_volume": 119486.2, "trend": 105.917957, "fair_value": 91.662838, "relative_strength": -5.564551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.924214, "energy": 73.608559, "activity_lines": [ 114.958574, 113.801503, 111.632378, 109.037243 ] }, { "date": "2025-09-26", "close": 115.534278, "volume": 101777, "typical_volume": 114340.95, "trend": 106.250192, "fair_value": 91.961685, "relative_strength": -5.241483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.810696, "energy": 66.146175, "activity_lines": [ 115.254019, 114.286193, 112.218606, 109.657651 ] }, { "date": "2025-10-03", "close": 117.036659, "volume": 66172, "typical_volume": 106755.05, "trend": 106.748476, "fair_value": 92.258234, "relative_strength": -4.999814, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.95367, "energy": 69.338737, "activity_lines": [ 115.955204, 114.950301, 112.879212, 110.353552 ] }, { "date": "2025-10-10", "close": 113.244716, "volume": 59361, "typical_volume": 98443.55, "trend": 107.182848, "fair_value": 92.536654, "relative_strength": -5.776548, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.883982, "energy": 55.279042, "activity_lines": [ 115.193627, 114.84324, 113.124247, 110.772665 ] }, { "date": "2025-10-17", "close": 114.564072, "volume": 51218, "typical_volume": 98602.35, "trend": 107.634266, "fair_value": 92.804681, "relative_strength": -6.751338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.68638, "energy": 46.624638, "activity_lines": [ 114.921489, 114.904846, 113.444997, 111.248873 ] }, { "date": "2025-10-24", "close": 117.094321, "volume": 74847, "typical_volume": 84292.5, "trend": 108.184678, "fair_value": 93.065082, "relative_strength": -6.561385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.016791, "energy": 51.424822, "activity_lines": [ 115.537976, 115.360336, 113.956151, 111.859199 ] }, { "date": "2025-10-31", "close": 116.468594, "volume": 67644, "typical_volume": 84333.1, "trend": 109.018817, "fair_value": 93.326122, "relative_strength": -8.616712, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.444264, "energy": 46.307072, "activity_lines": [ 115.862571, 115.614376, 114.3547, 112.393645 ] }, { "date": "2025-11-07", "close": 115.59005, "volume": 42840, "typical_volume": 83398.0, "trend": 109.717198, "fair_value": 93.557033, "relative_strength": -6.243548, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.289695, "energy": 43.906984, "activity_lines": [ 115.83203, 115.665769, 114.615825, 112.817595 ] }, { "date": "2025-11-14", "close": 114.795812, "volume": 104429, "typical_volume": 79845.9, "trend": 110.368008, "fair_value": 93.787775, "relative_strength": -6.508338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.775818, "energy": 39.179977, "activity_lines": [ 115.633184, 115.544844, 114.75414, 113.145248 ] }, { "date": "2025-11-21", "close": 112.86067, "volume": 182525, "typical_volume": 78616.35, "trend": 110.853775, "fair_value": 93.996846, "relative_strength": -4.909944, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.294413, "energy": 19.510555, "activity_lines": [ 114.685884, 115.057415, 114.676317, 113.306065 ] }, { "date": "2025-11-28", "close": 117.773932, "volume": 52868, "typical_volume": 75972.3, "trend": 111.418026, "fair_value": 94.233283, "relative_strength": -5.187927, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.085466, "energy": 28.050535, "activity_lines": [ 115.489898, 115.506607, 115.055129, 113.752527 ] }, { "date": "2025-12-05", "close": 118.224189, "volume": 70151, "typical_volume": 76471.25, "trend": 111.98863, "fair_value": 94.490774, "relative_strength": -5.591434, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.649826, "energy": 36.470188, "activity_lines": [ 116.39869, 116.002585, 115.440062, 114.191634 ] }, { "date": "2025-12-12", "close": 118.778933, "volume": 64045, "typical_volume": 77210.95, "trend": 112.42774, "fair_value": 94.761607, "relative_strength": -3.233954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.114967, "energy": 42.67586, "activity_lines": [ 117.375358, 116.550518, 115.840466, 114.629718 ] }, { "date": "2025-12-19", "close": 118.709103, "volume": 132890, "typical_volume": 80820.55, "trend": 112.959459, "fair_value": 95.028552, "relative_strength": -3.752821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.533803, "energy": 61.079548, "activity_lines": [ 118.116157, 117.054077, 116.20452, 115.034967 ] }, { "date": "2025-12-26", "close": 119.870188, "volume": 67179, "typical_volume": 77640.7, "trend": 113.490323, "fair_value": 95.304294, "relative_strength": -3.931849, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.555655, "energy": 68.95777, "activity_lines": [ 118.983097, 117.66939, 116.634481, 115.480821 ] }, { "date": "2026-01-02", "close": 119.728232, "volume": 86546, "typical_volume": 79285.6, "trend": 113.94921, "fair_value": 95.567804, "relative_strength": -2.301902, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.353947, "energy": 65.702561, "activity_lines": [ 119.335418, 118.162418, 117.008326, 115.883266 ] }, { "date": "2026-01-09", "close": 122.103972, "volume": 204381, "typical_volume": 87551.85, "trend": 114.51333, "fair_value": 95.835346, "relative_strength": -2.441967, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.918676, "energy": 74.650473, "activity_lines": [ 120.349366, 119.039509, 117.572926, 116.40938 ] }, { "date": "2026-01-16", "close": 122.92548, "volume": 112500, "typical_volume": 91608.65, "trend": 115.088022, "fair_value": 96.113629, "relative_strength": -0.853927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.415845, "energy": 80.209478, "activity_lines": [ 121.378498, 119.963504, 118.177691, 116.952099 ] }, { "date": "2026-01-23", "close": 122.795396, "volume": 66787, "typical_volume": 91546.4, "trend": 115.577547, "fair_value": 96.379634, "relative_strength": -1.115389, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.049523, "energy": 78.047741, "activity_lines": [ 122.087831, 120.730476, 118.727826, 117.449349 ] }, { "date": "2026-01-30", "close": 122.795695, "volume": 51983, "typical_volume": 85349.65, "trend": 115.987771, "fair_value": 96.640473, "relative_strength": -0.896474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.67604, "energy": 78.153919, "activity_lines": [ 122.524845, 121.352055, 119.236057, 117.915036 ] }, { "date": "2026-02-06", "close": 126.134201, "volume": 113587, "typical_volume": 88686.5, "trend": 116.523776, "fair_value": 96.926712, "relative_strength": 3.822496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.562938, "energy": 86.199484, "activity_lines": [ 123.87966, 122.399998, 120.026272, 118.569645 ] }, { "date": "2026-02-13", "close": 126.66272, "volume": 173973, "typical_volume": 92296.3, "trend": 117.066587, "fair_value": 97.218123, "relative_strength": 5.502861, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.792405, "energy": 88.209883, "activity_lines": [ 124.983584, 123.392031, 120.817824, 119.22377 ] }, { "date": "2026-02-20", "close": 127.364518, "volume": 65553, "typical_volume": 92265.35, "trend": 117.560677, "fair_value": 97.526954, "relative_strength": 4.807635, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.485702, "energy": 90.38283, "activity_lines": [ 126.017524, 124.358236, 121.623222, 119.888153 ] }, { "date": "2026-02-27", "close": 127.127593, "volume": 122264, "typical_volume": 95410.5, "trend": 118.154002, "fair_value": 97.825529, "relative_strength": 4.86891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.29143, "energy": 89.483225, "activity_lines": [ 126.676553, 125.125262, 122.356874, 120.505373 ] }, { "date": "2026-03-06", "close": 123.138065, "volume": 95661, "typical_volume": 97632.65, "trend": 118.561098, "fair_value": 98.13194, "relative_strength": 2.887743, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.076702, "energy": 64.209434, "activity_lines": [ 125.716926, 125.013855, 122.644463, 120.826926 ] }, { "date": "2026-03-13", "close": 121.009725, "volume": 60151, "typical_volume": 96897.85, "trend": 118.852361, "fair_value": 98.436106, "relative_strength": 2.196957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.623601, "energy": 41.033603, "activity_lines": [ 124.025028, 124.456062, 122.688524, 120.984902 ] }, { "date": "2026-03-20", "close": 119.727833, "volume": 129726, "typical_volume": 100001.95, "trend": 119.039673, "fair_value": 98.728124, "relative_strength": 3.194145, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.798987, "energy": 23.472855, "activity_lines": [ 122.247464, 123.641898, 122.591855, 121.041384 ] }, { "date": "2026-03-27", "close": 120.2569, "volume": 54665, "typical_volume": 100593.2, "trend": 119.246405, "fair_value": 99.001792, "relative_strength": 7.123823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.099521, "energy": 26.973089, "activity_lines": [ 121.108582, 122.96713, 122.530054, 121.119914 ] }, { "date": "2026-04-03", "close": 122.8354, "volume": 69929, "typical_volume": 98868.2, "trend": 119.541268, "fair_value": 99.297486, "relative_strength": 5.305962, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.695326, "energy": 25.887833, "activity_lines": [ 121.303041, 122.8097, 122.691601, 121.351462 ] }, { "date": "2026-04-10", "close": 126.3266, "volume": 96821, "typical_volume": 94583.0, "trend": 119.910747, "fair_value": 99.608433, "relative_strength": 3.700473, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.800823, "energy": 24.281184, "activity_lines": [ 122.947379, 123.286307, 123.147359, 121.789226 ] }, { "date": "2026-04-17", "close": 129.8216, "volume": 97293, "typical_volume": 96804.25, "trend": 120.376648, "fair_value": 99.942104, "relative_strength": 0.51444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.730638, "energy": 49.594278, "activity_lines": [ 125.544149, 124.334169, 123.871851, 122.428636 ] }, { "date": "2026-04-24", "close": 129.199001, "volume": 78399, "typical_volume": 97216.65, "trend": 120.832139, "fair_value": 100.273835, "relative_strength": -1.990433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.321767, "energy": 77.407352, "activity_lines": [ 127.345927, 125.201789, 124.479678, 122.99782 ] }, { "date": "2026-05-01", "close": 130.130017, "volume": 124857, "typical_volume": 100257.25, "trend": 121.268584, "fair_value": 100.619534, "relative_strength": -2.655683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.640796, "energy": 82.374169, "activity_lines": [ 128.826633, 126.192569, 125.123912, 123.597683 ] }, { "date": "2026-05-08", "close": 131.035183, "volume": 91862, "typical_volume": 98205.85, "trend": 121.8616, "fair_value": 100.976125, "relative_strength": -6.874646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.534006, "energy": 84.854105, "activity_lines": [ 129.950852, 127.297644, 125.8003, 124.227786 ] }, { "date": "2026-05-15", "close": 129.714912, "volume": 76295, "typical_volume": 98661.65, "trend": 122.366628, "fair_value": 101.317957, "relative_strength": -7.33123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.350948, "energy": 76.917194, "activity_lines": [ 130.08833, 128.091622, 126.292252, 124.734451 ] }, { "date": "2026-05-22", "close": 132.990937, "volume": 161424, "typical_volume": 102405.55, "trend": 122.896515, "fair_value": 101.684201, "relative_strength": -5.97346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.655305, "energy": 71.320206, "activity_lines": [ 131.091928, 129.361662, 127.049327, 125.419891 ] }, { "date": "2026-05-29", "close": 134.761844, "volume": 146962, "typical_volume": 99534.6, "trend": 123.50629, "fair_value": 102.052394, "relative_strength": -7.234806, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.392707, "energy": 72.455343, "activity_lines": [ 132.474539, 130.735845, 127.911904, 126.185396 ] }, { "date": "2026-06-05", "close": 133.661252, "volume": 154337, "typical_volume": 101626.45, "trend": 124.108663, "fair_value": 102.408142, "relative_strength": -3.548571, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.646101, "energy": 64.406537, "activity_lines": [ 133.11943, 131.636574, 128.609387, 126.840554 ] }, { "date": "2026-06-12", "close": 137.047765, "volume": 93237, "typical_volume": 102948.95, "trend": 124.850395, "fair_value": 102.773013, "relative_strength": -3.238858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.428417, "energy": 78.949808, "activity_lines": [ 134.657743, 132.909318, 129.578272, 127.675335 ] }, { "date": "2026-06-19", "close": 137.656299, "volume": 121884, "typical_volume": 106444.0, "trend": 125.676916, "fair_value": 103.153089, "relative_strength": -5.195568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.003611, "energy": 84.95929, "activity_lines": [ 135.998062, 134.034298, 130.537244, 128.501523 ] }, { "date": "2026-06-26", "close": 138.0733, "volume": 126750, "typical_volume": 107102.15, "trend": 126.353562, "fair_value": 103.517756, "relative_strength": -0.403708, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.69052, "energy": 81.025761, "activity_lines": [ 136.947956, 135.029101, 131.465167, 129.301289 ] }, { "date": "2026-07-03", "close": 137.0968, "volume": 99748, "typical_volume": 103390.9, "trend": 126.982649, "fair_value": 103.88019, "relative_strength": -1.884677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.470499, "energy": 71.381949, "activity_lines": [ 137.233525, 135.696328, 132.243236, 129.994401 ] }, { "date": "2026-07-10", "close": 137.0, "volume": 75980, "typical_volume": 103912.25, "trend": 127.590018, "fair_value": 104.229615, "relative_strength": -3.599531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.249789, "energy": 59.624921, "activity_lines": [ 137.331164, 136.202359, 132.9624, 130.640682 ] }, { "date": "2026-07-17", "close": 135.2579, "volume": 133407, "typical_volume": 104469.4, "trend": 128.141644, "fair_value": 104.560066, "relative_strength": -0.666496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.717848, "energy": 52.075891, "activity_lines": [ 136.62552, 136.266735, 133.469766, 131.135384 ] }, { "date": "2026-07-24", "close": 136.2269, "volume": 123606, "typical_volume": 105866.65, "trend": 128.686868, "fair_value": 104.894314, "relative_strength": 1.671571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.668472, "energy": 41.103648, "activity_lines": [ 136.3622, 136.430517, 134.030703, 131.657014 ] }, { "date": "2026-07-31", "close": 136.2886, "volume": 136864, "typical_volume": 109702.3, "trend": 129.23888, "fair_value": 105.237505, "relative_strength": 1.161874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.280951, "energy": 36.184694, "activity_lines": [ 136.21474, 136.487117, 134.535188, 132.147448 ] }, { "date": "2026-08-07", "close": 139.86, "volume": 171142, "typical_volume": 111773.1, "trend": 129.830748, "fair_value": 105.606254, "relative_strength": -1.214963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.577442, "energy": 48.020408, "activity_lines": [ 137.376727, 137.133105, 135.30705, 132.832681 ] } ], "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." } } }