{ "ticker": { "uuid": "56ea1738-3f7e-4fad-99a8-d9ad9181bced", "symbol": "DSGX", "name": "Descartes Systems Group Inc", "exchange": "NASDAQ", "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 38.685, "architecture_energy": 38.005, "architecture_maturity": 32.17, "architecture_confidence": 44.412, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 49.92, "rotation_up": 58.0, "upward_expansion": 56.51, "deceleration": 23.66, "rotation_down": 23.32, "downward_expansion": 17.18 }, "activity_lines": [ 74.894667, 73.429182, 72.638024, 72.113366 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 79.57, "trend_reference": 72.196833, "distance_from_trend": 0.102126, "trend_direction": "Weakening", "fair_value": 91.602019, "distance_from_fair_value": -0.131351, "fair_value_direction": "Improving", "relative_strength": -14.776446, "relative_strength_direction": "Improving", "price_momentum": 0.191524, "excess_performance": 0.004071, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.102126, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.060061, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.131351, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.082741, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.147764, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.185553, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.191524, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.897164, "read": "Demand-led" } ], "volume": { "latest": 1913478, "relative_activity": 0.73981, "balance": 1.897164, "dry_up": 0.928628, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.083028, "annualized_volatility": 0.457539, "from_high_reference": -0.27, "from_low_reference": 0.271899 }, "levels": { "trend_reference": 72.196833, "fair_value_reference": 91.602019, "structural_low": 62.56, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.020778, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.01455, "regime_survival": 0.583333, "best_return": 0.101441, "worst_return": -0.125991, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.057507, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.022911, "regime_survival": 0.333333, "best_return": 0.122958, "worst_return": -0.027423, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.080463, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.093916, "regime_survival": 0.25, "best_return": 0.223225, "worst_return": -0.103507, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.16586, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.086879, "regime_survival": 0.0, "best_return": 0.319929, "worst_return": -0.405776, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-03", "tenure": "New", "return": 0.013158, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-10", "end": "2024-06-14", "tenure": "Developing", "return": -0.032659, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-21", "end": "2024-07-05", "tenure": "New", "return": 0.04778, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2025-01-10", "tenure": "Extended", "return": 0.10191, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": -0.000173, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": -0.066583, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.10853, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": 0.005833, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.050183, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": 0.012775, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": -0.118078, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": 0.000202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-27", "end": "2026-05-15", "tenure": "Extended", "return": -0.33261, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-08-07", "tenure": "Developing", "return": 0.116145, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 71.69, "volume": 340510, "typical_volume": 659575.65, "trend": 76.922, "fair_value": 69.122756, "relative_strength": -15.675758, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.776571, "energy": 54.648865, "activity_lines": [ 73.88, 75.788, 76.635429, 77.008452 ] }, { "date": "2023-08-25", "close": 73.57, "volume": 354845, "typical_volume": 640040.0, "trend": 76.967333, "fair_value": 69.202436, "relative_strength": -14.695152, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.23068, "energy": 65.748148, "activity_lines": [ 73.341333, 75.194364, 76.264333, 76.792194 ] }, { "date": "2023-09-01", "close": 75.51, "volume": 452809, "typical_volume": 605843.7, "trend": 76.941333, "fair_value": 69.321923, "relative_strength": -15.354535, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.268476, "energy": 60.000966, "activity_lines": [ 73.844667, 75.043636, 76.10981, 76.698172 ] }, { "date": "2023-09-08", "close": 74.77, "volume": 666440, "typical_volume": 599265.45, "trend": 76.965667, "fair_value": 69.456667, "relative_strength": -14.883181, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.926178, "energy": 41.285567, "activity_lines": [ 74.206, 74.776364, 75.914095, 76.558086 ] }, { "date": "2023-09-15", "close": 74.68, "volume": 602311, "typical_volume": 594715.45, "trend": 76.950333, "fair_value": 69.602885, "relative_strength": -14.384744, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.399556, "energy": 26.690121, "activity_lines": [ 74.522667, 74.589818, 75.733429, 76.410624 ] }, { "date": "2023-09-22", "close": 71.83, "volume": 762460, "typical_volume": 597117.65, "trend": 76.888, "fair_value": 69.721474, "relative_strength": -14.621914, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.679084, "energy": 33.31479, "activity_lines": [ 73.784667, 73.941273, 75.302762, 76.08028 ] }, { "date": "2023-09-29", "close": 73.38, "volume": 633153, "typical_volume": 596416.45, "trend": 76.775333, "fair_value": 69.83391, "relative_strength": -12.620496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.327848, "energy": 32.379012, "activity_lines": [ 73.554, 73.714182, 75.04119, 75.853957 ] }, { "date": "2023-10-06", "close": 74.06, "volume": 538131, "typical_volume": 595530.8, "trend": 76.756333, "fair_value": 69.942821, "relative_strength": -12.97901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.474909, "energy": 31.424034, "activity_lines": [ 73.562667, 73.722, 74.866952, 75.678774 ] }, { "date": "2023-10-13", "close": 73.75, "volume": 481369, "typical_volume": 591039.85, "trend": 76.634667, "fair_value": 70.058205, "relative_strength": -13.126097, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.691878, "energy": 30.712552, "activity_lines": [ 73.564667, 73.728364, 74.682238, 75.484817 ] }, { "date": "2023-10-20", "close": 72.49, "volume": 530302, "typical_volume": 578460.1, "trend": 76.466, "fair_value": 70.167244, "relative_strength": -11.760982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.286635, "energy": 30.8219, "activity_lines": [ 73.214667, 73.520182, 74.393333, 75.217419 ] }, { "date": "2023-10-27", "close": 69.8, "volume": 793284, "typical_volume": 572606.1, "trend": 76.105667, "fair_value": 70.270064, "relative_strength": -12.436788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.99962, "energy": 45.796338, "activity_lines": [ 72.114, 72.834182, 73.869619, 74.787355 ] }, { "date": "2023-11-03", "close": 72.99, "volume": 969498, "typical_volume": 571494.65, "trend": 75.863667, "fair_value": 70.358846, "relative_strength": -13.66525, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.717983, "energy": 37.936026, "activity_lines": [ 72.212, 72.762545, 73.667762, 74.586344 ] }, { "date": "2023-11-10", "close": 77.76, "volume": 459445, "typical_volume": 554992.15, "trend": 75.733667, "fair_value": 70.498974, "relative_strength": -10.262164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.400394, "energy": 10.752294, "activity_lines": [ 73.926, 73.568727, 73.946571, 74.708688 ] }, { "date": "2023-11-17", "close": 81.06, "volume": 648602, "typical_volume": 550530.5, "trend": 75.778, "fair_value": 70.650128, "relative_strength": -8.074054, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.1752, "energy": 25.447485, "activity_lines": [ 76.493333, 74.934, 74.533667, 75.052323 ] }, { "date": "2023-11-24", "close": 81.53, "volume": 337592, "typical_volume": 539830.2, "trend": 75.856333, "fair_value": 70.800769, "relative_strength": -8.102741, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.887219, "energy": 49.38695, "activity_lines": [ 78.73, 76.270364, 75.161, 75.423419 ] }, { "date": "2023-12-01", "close": 82.34, "volume": 1592667, "typical_volume": 591620.25, "trend": 76.056333, "fair_value": 70.95891, "relative_strength": -7.017226, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.707192, "energy": 68.494452, "activity_lines": [ 80.634, 77.629455, 75.847571, 75.84172 ] }, { "date": "2023-12-08", "close": 82.96, "volume": 1655999, "typical_volume": 650476.75, "trend": 76.217667, "fair_value": 71.130385, "relative_strength": -6.592538, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.110422, "energy": 83.925938, "activity_lines": [ 81.908667, 78.910182, 76.579714, 76.287118 ] }, { "date": "2023-12-15", "close": 84.29, "volume": 1121198, "typical_volume": 681997.6, "trend": 76.425333, "fair_value": 71.301603, "relative_strength": -7.830497, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.124931, "energy": 85.346648, "activity_lines": [ 82.962, 80.258545, 77.422048, 76.807914 ] }, { "date": "2023-12-22", "close": 83.09, "volume": 581688, "typical_volume": 690454.6, "trend": 76.626, "fair_value": 71.451538, "relative_strength": -9.579445, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.447812, "energy": 80.569484, "activity_lines": [ 83.18, 81.202727, 78.115762, 77.237892 ] }, { "date": "2023-12-29", "close": 84.06, "volume": 484576, "typical_volume": 700343.95, "trend": 76.862, "fair_value": 71.615513, "relative_strength": -8.371549, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.834457, "energy": 78.491713, "activity_lines": [ 83.586, 82.153455, 78.86119, 77.717505 ] }, { "date": "2024-01-05", "close": 79.5, "volume": 665738, "typical_volume": 716605.35, "trend": 77.059, "fair_value": 71.735064, "relative_strength": -10.079921, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.52417, "energy": 49.472733, "activity_lines": [ 82.303333, 82.064727, 79.12019, 77.887699 ] }, { "date": "2024-01-12", "close": 84.71, "volume": 587769, "typical_volume": 728251.55, "trend": 77.265, "fair_value": 71.902436, "relative_strength": -6.794848, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.389088, "energy": 50.708345, "activity_lines": [ 82.946667, 82.746909, 79.83819, 78.381312 ] }, { "date": "2024-01-19", "close": 86.93, "volume": 377362, "typical_volume": 724479.2, "trend": 77.612667, "fair_value": 72.059038, "relative_strength": -6.614711, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.962812, "energy": 55.364023, "activity_lines": [ 84.213333, 83.619636, 80.714571, 79.00486 ] }, { "date": "2024-01-26", "close": 89.87, "volume": 1191398, "typical_volume": 750727.1, "trend": 77.938, "fair_value": 72.243718, "relative_strength": -3.776132, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.70393, "energy": 62.208204, "activity_lines": [ 86.284, 84.860182, 81.816571, 79.795656 ] }, { "date": "2024-02-02", "close": 88.81, "volume": 626286, "typical_volume": 751925.85, "trend": 78.306, "fair_value": 72.409615, "relative_strength": -5.702605, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.495113, "energy": 81.619536, "activity_lines": [ 87.549333, 85.747818, 82.745714, 80.497075 ] }, { "date": "2024-02-09", "close": 89.43, "volume": 642056, "typical_volume": 745905.65, "trend": 78.636667, "fair_value": 72.572244, "relative_strength": -6.42939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.917134, "energy": 85.524214, "activity_lines": [ 88.704667, 86.615818, 83.666619, 81.214753 ] }, { "date": "2024-02-16", "close": 86.66, "volume": 484403, "typical_volume": 738468.15, "trend": 78.875333, "fair_value": 72.736859, "relative_strength": -7.556933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.971741, "energy": 76.375023, "activity_lines": [ 88.274667, 86.851273, 84.239905, 81.732387 ] }, { "date": "2024-02-23", "close": 86.34, "volume": 584559, "typical_volume": 740789.55, "trend": 79.184, "fair_value": 72.914936, "relative_strength": -8.751617, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.645791, "energy": 51.707727, "activity_lines": [ 87.608, 86.961273, 84.719476, 82.213978 ] }, { "date": "2024-03-01", "close": 88.69, "volume": 678400, "typical_volume": 750641.1, "trend": 79.655333, "fair_value": 73.106603, "relative_strength": -7.64266, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.121267, "energy": 48.926333, "activity_lines": [ 87.764, 87.461273, 85.364381, 82.827269 ] }, { "date": "2024-03-08", "close": 91.47, "volume": 1169272, "typical_volume": 782589.6, "trend": 80.267333, "fair_value": 73.295769, "relative_strength": -2.866545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.411571, "energy": 49.841541, "activity_lines": [ 88.925333, 88.364909, 86.202905, 83.589505 ] }, { "date": "2024-03-15", "close": 92.3, "volume": 997933, "typical_volume": 792822.05, "trend": 80.954333, "fair_value": 73.495641, "relative_strength": -0.453781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.441857, "energy": 54.713991, "activity_lines": [ 90.186, 89.284727, 87.030095, 84.365806 ] }, { "date": "2024-03-22", "close": 92.8, "volume": 509167, "typical_volume": 769805.5, "trend": 81.595333, "fair_value": 73.708397, "relative_strength": -2.456765, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.973868, "energy": 58.076219, "activity_lines": [ 91.422, 90.062727, 87.797762, 85.130043 ] }, { "date": "2024-03-29", "close": 91.53, "volume": 482465, "typical_volume": 770956.5, "trend": 82.129333, "fair_value": 73.898333, "relative_strength": -2.868804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.50576, "energy": 58.262889, "activity_lines": [ 91.825333, 90.462727, 88.350143, 85.770989 ] }, { "date": "2024-04-05", "close": 89.71, "volume": 487002, "typical_volume": 762876.5, "trend": 82.627333, "fair_value": 74.060256, "relative_strength": -3.595402, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.882415, "energy": 47.323667, "activity_lines": [ 91.276, 90.448182, 88.663619, 86.260065 ] }, { "date": "2024-04-12", "close": 88.71, "volume": 707882, "typical_volume": 781391.0, "trend": 83.095, "fair_value": 74.206346, "relative_strength": -3.703851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.417901, "energy": 37.251069, "activity_lines": [ 90.325333, 90.254727, 88.840667, 86.652495 ] }, { "date": "2024-04-19", "close": 90.32, "volume": 1355197, "typical_volume": 769517.5, "trend": 83.711333, "fair_value": 74.3775, "relative_strength": 3.968163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.311663, "energy": 25.987588, "activity_lines": [ 90.095333, 90.355818, 89.136857, 87.118624 ] }, { "date": "2024-04-26", "close": 94.24, "volume": 1645411, "typical_volume": 768988.1, "trend": 84.406667, "fair_value": 74.570962, "relative_strength": 4.638607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.953788, "energy": 38.768749, "activity_lines": [ 91.304, 91.153455, 89.768381, 87.797892 ] }, { "date": "2024-05-03", "close": 95.48, "volume": 1343473, "typical_volume": 780101.85, "trend": 85.120667, "fair_value": 74.790192, "relative_strength": 5.106173, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.886847, "energy": 46.572465, "activity_lines": [ 92.83, 92.038727, 90.464286, 88.512301 ] }, { "date": "2024-05-10", "close": 97.37, "volume": 753260, "typical_volume": 788680.45, "trend": 85.908, "fair_value": 75.041154, "relative_strength": 5.802772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.109827, "energy": 70.666151, "activity_lines": [ 94.722667, 93.101455, 91.286905, 89.302581 ] }, { "date": "2024-05-17", "close": 97.99, "volume": 703811, "typical_volume": 799642.2, "trend": 86.758, "fair_value": 75.295321, "relative_strength": 4.350341, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.360899, "energy": 78.586633, "activity_lines": [ 96.311333, 94.119091, 92.100571, 90.082065 ] }, { "date": "2024-05-24", "close": 100.23, "volume": 768934, "typical_volume": 804802.0, "trend": 87.772333, "fair_value": 75.563205, "relative_strength": 5.330229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.37041, "energy": 83.785574, "activity_lines": [ 98.028, 95.425455, 93.061238, 90.951226 ] }, { "date": "2024-05-31", "close": 92.33, "volume": 1261044, "typical_volume": 838465.75, "trend": 88.417, "fair_value": 75.746346, "relative_strength": -1.288434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.51708, "energy": 50.902457, "activity_lines": [ 96.450667, 95.151273, 93.17081, 91.245269 ] }, { "date": "2024-06-07", "close": 91.19, "volume": 608670, "typical_volume": 850031.15, "trend": 88.864667, "fair_value": 75.908718, "relative_strength": -4.981242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.855133, "energy": 31.17777, "activity_lines": [ 94.620667, 94.678364, 93.135524, 91.424172 ] }, { "date": "2024-06-14", "close": 94.19, "volume": 795161, "typical_volume": 830219.3, "trend": 89.302333, "fair_value": 76.091603, "relative_strength": -5.01817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.894873, "energy": 21.78634, "activity_lines": [ 94.076667, 94.757091, 93.365667, 91.767742 ] }, { "date": "2024-06-21", "close": 94.39, "volume": 552550, "typical_volume": 826532.5, "trend": 89.731, "fair_value": 76.262244, "relative_strength": -4.875238, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.493717, "energy": 22.198738, "activity_lines": [ 93.811333, 94.790727, 93.594286, 92.095978 ] }, { "date": "2024-06-28", "close": 96.84, "volume": 828197, "typical_volume": 835839.55, "trend": 90.214333, "fair_value": 76.43109, "relative_strength": -2.197674, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.404819, "energy": 20.895416, "activity_lines": [ 94.602667, 95.166545, 94.029667, 92.554624 ] }, { "date": "2024-07-05", "close": 98.9, "volume": 443690, "typical_volume": 833803.9, "trend": 90.745667, "fair_value": 76.609423, "relative_strength": -3.419422, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.347898, "energy": 38.405296, "activity_lines": [ 96.306667, 95.798364, 94.625952, 93.114989 ] }, { "date": "2024-07-12", "close": 101.07, "volume": 590571, "typical_volume": 834104.5, "trend": 91.305, "fair_value": 76.817115, "relative_strength": -0.968979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.652562, "energy": 60.479261, "activity_lines": [ 98.296, 96.74, 95.370619, 93.781075 ] }, { "date": "2024-07-19", "close": 99.41, "volume": 853924, "typical_volume": 842880.7, "trend": 91.849, "fair_value": 76.996603, "relative_strength": 1.454738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.941502, "energy": 61.246017, "activity_lines": [ 99.073333, 97.278182, 95.887048, 94.303978 ] }, { "date": "2024-07-26", "close": 100.49, "volume": 566148, "typical_volume": 812724.5, "trend": 92.396667, "fair_value": 77.175, "relative_strength": 5.131178, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.007077, "energy": 67.097199, "activity_lines": [ 99.862667, 97.975636, 96.455286, 94.861462 ] }, { "date": "2024-08-02", "close": 95.72, "volume": 734838, "typical_volume": 799569.75, "trend": 92.937333, "fair_value": 77.324808, "relative_strength": 3.203213, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.850101, "energy": 41.308844, "activity_lines": [ 98.655333, 97.760364, 96.526286, 95.075871 ] }, { "date": "2024-08-09", "close": 96.5, "volume": 626034, "typical_volume": 805413.1, "trend": 93.330333, "fair_value": 77.473462, "relative_strength": 3.533106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.06978, "energy": 27.204298, "activity_lines": [ 97.782667, 97.768909, 96.655286, 95.30572 ] }, { "date": "2024-08-16", "close": 100.09, "volume": 477491, "typical_volume": 805164.4, "trend": 93.769, "fair_value": 77.644936, "relative_strength": 1.732748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.316635, "energy": 26.458856, "activity_lines": [ 98.266667, 98.354364, 97.108571, 95.741828 ] }, { "date": "2024-08-23", "close": 99.5, "volume": 439977, "typical_volume": 802813.15, "trend": 94.09, "fair_value": 77.785449, "relative_strength": 0.05068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.133842, "energy": 22.754146, "activity_lines": [ 98.619333, 98.670727, 97.464905, 96.11157 ] }, { "date": "2024-08-30", "close": 100.89, "volume": 742125, "typical_volume": 804525.3, "trend": 94.492667, "fair_value": 77.914615, "relative_strength": 2.143574, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.165381, "energy": 35.809713, "activity_lines": [ 99.429333, 99.143273, 97.907, 96.55028 ] }, { "date": "2024-09-06", "close": 94.62, "volume": 771259, "typical_volume": 775328.4, "trend": 94.665667, "fair_value": 77.975577, "relative_strength": 1.600979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.570647, "energy": 18.00726, "activity_lines": [ 98.122667, 98.357636, 97.693952, 96.558495 ] }, { "date": "2024-09-13", "close": 98.25, "volume": 676897, "typical_volume": 726902.7, "trend": 95.052, "fair_value": 78.069359, "relative_strength": -0.452049, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.324198, "energy": 17.37662, "activity_lines": [ 98.099333, 98.272364, 97.806143, 96.789742 ] }, { "date": "2024-09-20", "close": 102.54, "volume": 636895, "typical_volume": 691573.8, "trend": 95.592, "fair_value": 78.173782, "relative_strength": 2.263706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.280045, "energy": 30.661912, "activity_lines": [ 99.389333, 98.978909, 98.30781, 97.272839 ] }, { "date": "2024-09-27", "close": 102.18, "volume": 560195, "typical_volume": 681920.55, "trend": 96.041667, "fair_value": 78.311154, "relative_strength": 0.826516, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.316359, "energy": 31.157284, "activity_lines": [ 100.396, 99.593273, 98.741571, 97.697871 ] }, { "date": "2024-10-04", "close": 101.87, "volume": 463365, "typical_volume": 669898.25, "trend": 96.388333, "fair_value": 78.445897, "relative_strength": 0.360593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.928884, "energy": 48.480155, "activity_lines": [ 101.120667, 100.100909, 99.122905, 98.073892 ] }, { "date": "2024-10-11", "close": 105.7, "volume": 599728, "typical_volume": 661437.95, "trend": 96.835, "fair_value": 78.589551, "relative_strength": 2.754971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.512172, "energy": 65.56481, "activity_lines": [ 103.056667, 101.279818, 99.850524, 98.674645 ] }, { "date": "2024-10-18", "close": 106.41, "volume": 819685, "typical_volume": 639370.0, "trend": 97.288667, "fair_value": 78.746667, "relative_strength": 3.123822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.424197, "energy": 70.446239, "activity_lines": [ 104.490667, 102.406364, 100.619714, 99.292387 ] }, { "date": "2024-10-25", "close": 104.17, "volume": 497654, "typical_volume": 633819.2, "trend": 97.71, "fair_value": 78.890256, "relative_strength": 0.716761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.962254, "energy": 62.800812, "activity_lines": [ 104.634, 102.945455, 101.108524, 99.736344 ] }, { "date": "2024-11-01", "close": 106.27, "volume": 596876, "typical_volume": 623904.95, "trend": 98.262, "fair_value": 79.042949, "relative_strength": 4.235947, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.070637, "energy": 67.034422, "activity_lines": [ 105.368667, 103.792182, 101.735524, 100.288602 ] }, { "date": "2024-11-08", "close": 115.0, "volume": 972762, "typical_volume": 644915.55, "trend": 99.138333, "fair_value": 79.216987, "relative_strength": 6.774272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.625535, "energy": 82.761108, "activity_lines": [ 108.740667, 106.103091, 103.136429, 101.368473 ] }, { "date": "2024-11-15", "close": 111.41, "volume": 1015757, "typical_volume": 654293.55, "trend": 99.841333, "fair_value": 79.354359, "relative_strength": 6.973978, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.734326, "energy": 75.424521, "activity_lines": [ 110.040667, 107.504727, 104.097286, 102.160194 ] }, { "date": "2024-11-22", "close": 116.08, "volume": 846889, "typical_volume": 674453.5, "trend": 100.569333, "fair_value": 79.565641, "relative_strength": 9.238419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.860306, "energy": 85.596434, "activity_lines": [ 112.516667, 109.450182, 105.433524, 103.207849 ] }, { "date": "2024-11-29", "close": 116.87, "volume": 1003491, "typical_volume": 695099.5, "trend": 101.282333, "fair_value": 79.823397, "relative_strength": 8.963365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.677428, "energy": 87.826476, "activity_lines": [ 114.611333, 111.215091, 106.76319, 104.259505 ] }, { "date": "2024-12-06", "close": 121.37, "volume": 1929967, "typical_volume": 748901.65, "trend": 102.082333, "fair_value": 80.104038, "relative_strength": 9.385545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.04383, "energy": 91.895557, "activity_lines": [ 117.359333, 113.537636, 108.44619, 105.555484 ] }, { "date": "2024-12-13", "close": 119.73, "volume": 922436, "typical_volume": 766716.05, "trend": 102.807, "fair_value": 80.381282, "relative_strength": 6.924625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.574749, "energy": 87.889448, "activity_lines": [ 118.554, 115.213091, 109.868429, 106.694043 ] }, { "date": "2024-12-20", "close": 114.52, "volume": 1302074, "typical_volume": 795077.85, "trend": 103.283333, "fair_value": 80.596795, "relative_strength": 4.456818, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.140008, "energy": 66.820514, "activity_lines": [ 117.696667, 115.616545, 110.702857, 107.44972 ] }, { "date": "2024-12-27", "close": 114.04, "volume": 727410, "typical_volume": 800146.65, "trend": 104.007, "fair_value": 80.797821, "relative_strength": 2.968219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.763744, "energy": 54.071369, "activity_lines": [ 116.472, 115.772364, 111.402048, 108.143699 ] }, { "date": "2025-01-03", "close": 113.9, "volume": 552577, "typical_volume": 803900.95, "trend": 104.764, "fair_value": 81.045769, "relative_strength": 3.461445, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.830078, "energy": 38.68946, "activity_lines": [ 115.336667, 115.764, 112.004381, 108.781957 ] }, { "date": "2025-01-10", "close": 111.37, "volume": 969289, "typical_volume": 830366.55, "trend": 105.336667, "fair_value": 81.308526, "relative_strength": 3.327271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.794361, "energy": 24.621878, "activity_lines": [ 113.556, 115.118727, 112.3, 109.208151 ] }, { "date": "2025-01-17", "close": 115.85, "volume": 921607, "typical_volume": 839340.65, "trend": 106.052, "fair_value": 81.615128, "relative_strength": 4.350075, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.122164, "energy": 24.405051, "activity_lines": [ 113.935333, 115.195273, 112.965762, 109.88643 ] }, { "date": "2025-01-24", "close": 119.13, "volume": 635065, "typical_volume": 832530.95, "trend": 106.795, "fair_value": 81.931154, "relative_strength": 5.595047, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.849095, "energy": 33.988549, "activity_lines": [ 115.666667, 115.852727, 113.872667, 110.730172 ] }, { "date": "2025-01-31", "close": 115.83, "volume": 1167036, "typical_volume": 857037.9, "trend": 107.359333, "fair_value": 82.221538, "relative_strength": 3.985787, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.018237, "energy": 33.0412, "activity_lines": [ 115.990667, 115.769818, 114.348571, 111.313075 ] }, { "date": "2025-02-07", "close": 119.85, "volume": 1027334, "typical_volume": 876559.85, "trend": 107.985333, "fair_value": 82.530962, "relative_strength": 7.239221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.386974, "energy": 46.269206, "activity_lines": [ 117.535333, 116.422364, 115.123619, 112.118925 ] }, { "date": "2025-02-14", "close": 116.54, "volume": 1924476, "typical_volume": 944773.9, "trend": 108.556333, "fair_value": 82.834744, "relative_strength": 1.19803, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.284786, "energy": 39.350169, "activity_lines": [ 117.58, 116.418909, 115.501, 112.670839 ] }, { "date": "2025-02-21", "close": 111.87, "volume": 884882, "typical_volume": 965849.75, "trend": 108.935667, "fair_value": 83.100256, "relative_strength": -0.751517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.429151, "energy": 23.764745, "activity_lines": [ 115.723333, 115.654182, 115.365238, 112.884624 ] }, { "date": "2025-02-28", "close": 111.49, "volume": 1157626, "typical_volume": 993744.65, "trend": 109.461333, "fair_value": 83.372244, "relative_strength": 2.221382, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.518047, "energy": 7.97755, "activity_lines": [ 114.005333, 114.963273, 115.145667, 113.049419 ] }, { "date": "2025-03-07", "close": 100.42, "volume": 3070938, "typical_volume": 1106307.3, "trend": 109.592, "fair_value": 83.562692, "relative_strength": -4.81571, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.086866, "energy": 33.739284, "activity_lines": [ 109.106667, 112.314727, 113.844238, 112.466108 ] }, { "date": "2025-03-14", "close": 99.39, "volume": 2294644, "typical_volume": 1196156.8, "trend": 109.568667, "fair_value": 83.704423, "relative_strength": -3.351005, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.925656, "energy": 53.416768, "activity_lines": [ 104.892, 109.726545, 112.473238, 111.807914 ] }, { "date": "2025-03-21", "close": 101.15, "volume": 1389609, "typical_volume": 1235793.45, "trend": 109.623667, "fair_value": 83.878141, "relative_strength": -1.894191, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.458879, "energy": 64.665857, "activity_lines": [ 102.628, 107.722182, 111.292619, 111.264774 ] }, { "date": "2025-03-28", "close": 100.24, "volume": 1357835, "typical_volume": 1255047.1, "trend": 109.602, "fair_value": 84.054038, "relative_strength": -0.511518, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.856217, "energy": 69.262522, "activity_lines": [ 101.086667, 105.738182, 110.049714, 110.659376 ] }, { "date": "2025-04-04", "close": 95.84, "volume": 2206894, "typical_volume": 1314603.95, "trend": 109.642667, "fair_value": 84.232949, "relative_strength": 5.328569, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.268708, "energy": 70.067249, "activity_lines": [ 98.854, 103.238, 108.458048, 109.771505 ] }, { "date": "2025-04-11", "close": 101.74, "volume": 1842513, "typical_volume": 1364385.15, "trend": 109.759, "fair_value": 84.492885, "relative_strength": 3.817106, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.597159, "energy": 55.472109, "activity_lines": [ 99.631333, 102.234, 107.502429, 109.261656 ] }, { "date": "2025-04-18", "close": 102.325, "volume": 984883, "typical_volume": 1363454.75, "trend": 109.751833, "fair_value": 84.747596, "relative_strength": 6.728525, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.675858, "energy": 44.932748, "activity_lines": [ 100.515667, 101.592545, 106.67081, 108.782043 ] }, { "date": "2025-04-25", "close": 105.55, "volume": 979266, "typical_volume": 1315919.7, "trend": 109.864167, "fair_value": 85.025801, "relative_strength": 3.43089, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.219907, "energy": 32.168582, "activity_lines": [ 102.279333, 101.856091, 106.215595, 108.510957 ] }, { "date": "2025-05-02", "close": 107.1, "volume": 1026039, "typical_volume": 1321099.85, "trend": 110.0385, "fair_value": 85.341506, "relative_strength": 1.470134, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.296774, "energy": 20.822775, "activity_lines": [ 104.266333, 102.601273, 105.983333, 108.332624 ] }, { "date": "2025-05-09", "close": 107.46, "volume": 1114809, "typical_volume": 1311736.6, "trend": 110.097167, "fair_value": 85.645994, "relative_strength": 2.003218, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.495895, "energy": 22.055991, "activity_lines": [ 105.916, 103.498636, 105.8455, 108.166269 ] }, { "date": "2025-05-16", "close": 113.5, "volume": 1499246, "typical_volume": 1350328.4, "trend": 110.3335, "fair_value": 85.983494, "relative_strength": 0.812905, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.107436, "energy": 17.906883, "activity_lines": [ 108.804333, 105.567455, 106.316524, 108.385806 ] }, { "date": "2025-05-23", "close": 114.95, "volume": 1307938, "typical_volume": 1388096.45, "trend": 110.692833, "fair_value": 86.332147, "relative_strength": 4.509415, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.527353, "energy": 30.392791, "activity_lines": [ 111.392, 107.662091, 106.928214, 108.683645 ] }, { "date": "2025-05-30", "close": 115.94, "volume": 1005959, "typical_volume": 1389929.95, "trend": 111.015167, "fair_value": 86.67234, "relative_strength": 3.246791, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.698121, "energy": 38.803475, "activity_lines": [ 113.468, 109.653818, 107.62919, 109.022172 ] }, { "date": "2025-06-06", "close": 102.25, "volume": 2922034, "typical_volume": 1489951.3, "trend": 110.590167, "fair_value": 86.933301, "relative_strength": -10.760515, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -20.600251, "energy": 23.880232, "activity_lines": [ 110.288, 108.887545, 107.004595, 108.456677 ] }, { "date": "2025-06-13", "close": 99.2, "volume": 2567802, "typical_volume": 1586588.15, "trend": 110.183167, "fair_value": 87.18516, "relative_strength": -12.862439, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.626994, "energy": 20.358655, "activity_lines": [ 106.414667, 107.530182, 106.154286, 107.721828 ] }, { "date": "2025-06-20", "close": 99.22, "volume": 1361335, "typical_volume": 1596303.1, "trend": 109.621167, "fair_value": 87.400288, "relative_strength": -12.750105, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.708109, "energy": 37.316211, "activity_lines": [ 103.098667, 106.115364, 105.400786, 107.014527 ] }, { "date": "2025-06-27", "close": 101.44, "volume": 2322857, "typical_volume": 1661079.25, "trend": 109.106833, "fair_value": 87.645865, "relative_strength": -14.214498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.56457, "energy": 42.48847, "activity_lines": [ 101.474667, 105.15, 104.93781, 106.48671 ] }, { "date": "2025-07-04", "close": 104.38, "volume": 1858978, "typical_volume": 1657804.35, "trend": 108.5405, "fair_value": 87.891699, "relative_strength": -12.919207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.986633, "energy": 53.288683, "activity_lines": [ 101.731333, 104.735273, 104.8425, 106.181753 ] }, { "date": "2025-07-11", "close": 101.07, "volume": 2739703, "typical_volume": 1750545.4, "trend": 107.9185, "fair_value": 88.126635, "relative_strength": -15.199057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.985541, "energy": 58.973835, "activity_lines": [ 101.655333, 103.74, 104.489857, 105.699785 ] }, { "date": "2025-07-18", "close": 105.09, "volume": 1790912, "typical_volume": 1782209.7, "trend": 107.604167, "fair_value": 88.363173, "relative_strength": -12.755009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.014115, "energy": 28.231833, "activity_lines": [ 102.998, 103.585273, 104.5715, 105.517301 ] }, { "date": "2025-07-25", "close": 107.67, "volume": 2002948, "typical_volume": 1728810.2, "trend": 107.391833, "fair_value": 88.610801, "relative_strength": -11.195504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.2944, "energy": 12.04594, "activity_lines": [ 104.808, 103.942727, 104.929333, 105.521548 ] }, { "date": "2025-08-01", "close": 104.46, "volume": 2060553, "typical_volume": 1717105.65, "trend": 107.077167, "fair_value": 88.822532, "relative_strength": -11.694787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.697461, "energy": 15.069438, "activity_lines": [ 104.984667, 103.822545, 104.946929, 105.332398 ] }, { "date": "2025-08-08", "close": 101.23, "volume": 1484479, "typical_volume": 1721849.15, "trend": 106.739167, "fair_value": 89.011378, "relative_strength": -17.211276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.755183, "energy": 18.002549, "activity_lines": [ 103.883333, 103.305818, 104.632762, 104.955161 ] }, { "date": "2025-08-15", "close": 98.22, "volume": 3674795, "typical_volume": 1837697.15, "trend": 106.1515, "fair_value": 89.188109, "relative_strength": -19.758376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.111188, "energy": 30.624482, "activity_lines": [ 101.988667, 102.509273, 104.031548, 104.405538 ] }, { "date": "2025-08-22", "close": 101.37, "volume": 1695940, "typical_volume": 1812149.45, "trend": 105.5595, "fair_value": 89.394455, "relative_strength": -16.170062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.48084, "energy": 39.827222, "activity_lines": [ 101.334, 102.358727, 103.739952, 104.097054 ] }, { "date": "2025-08-29", "close": 99.95, "volume": 2759195, "typical_volume": 1857983.55, "trend": 105.030167, "fair_value": 89.594455, "relative_strength": -16.830981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.677309, "energy": 48.041538, "activity_lines": [ 100.454, 101.910545, 103.286786, 103.735151 ] }, { "date": "2025-09-05", "close": 107.79, "volume": 3032414, "typical_volume": 1960360.1, "trend": 104.628167, "fair_value": 89.844135, "relative_strength": -10.985889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.238139, "energy": 17.344307, "activity_lines": [ 102.702, 102.874545, 103.58881, 103.913204 ] }, { "date": "2025-09-12", "close": 104.3, "volume": 1861978, "typical_volume": 2004495.7, "trend": 104.220167, "fair_value": 90.090417, "relative_strength": -15.190999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.960657, "energy": 12.490896, "activity_lines": [ 103.564667, 103.088545, 103.532429, 103.892032 ] }, { "date": "2025-09-19", "close": 101.85, "volume": 2490559, "typical_volume": 2077721.7, "trend": 103.886167, "fair_value": 90.344455, "relative_strength": -18.609629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.941411, "energy": 15.428962, "activity_lines": [ 103.406, 102.858545, 103.248667, 103.739118 ] }, { "date": "2025-09-26", "close": 94.94, "volume": 2443590, "typical_volume": 2144160.75, "trend": 103.3345, "fair_value": 90.545801, "relative_strength": -23.424593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.193469, "energy": 28.798324, "activity_lines": [ 100.702, 101.358, 102.33181, 103.161946 ] }, { "date": "2025-10-03", "close": 93.9, "volume": 2700867, "typical_volume": 2204241.8, "trend": 103.117167, "fair_value": 90.707019, "relative_strength": -24.789953, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.543849, "energy": 61.450348, "activity_lines": [ 98.08, 99.852909, 101.375524, 102.553269 ] }, { "date": "2025-10-10", "close": 95.48, "volume": 2865760, "typical_volume": 2282132.9, "trend": 102.986833, "fair_value": 90.901635, "relative_strength": -21.359438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.240742, "energy": 65.78968, "activity_lines": [ 96.388, 98.885455, 100.663048, 102.060548 ] }, { "date": "2025-10-17", "close": 96.28, "volume": 2376445, "typical_volume": 2350657.2, "trend": 102.8245, "fair_value": 91.093686, "relative_strength": -22.181657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.820593, "energy": 67.313964, "activity_lines": [ 95.783333, 98.226727, 100.119476, 101.627849 ] }, { "date": "2025-10-24", "close": 96.41, "volume": 2068886, "typical_volume": 2307999.8, "trend": 102.696833, "fair_value": 91.272724, "relative_strength": -23.342404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.893273, "energy": 62.199034, "activity_lines": [ 95.756667, 97.681636, 99.681905, 101.214011 ] }, { "date": "2025-10-31", "close": 88.21, "volume": 3913370, "typical_volume": 2375278.2, "trend": 102.4425, "fair_value": 91.422212, "relative_strength": -30.680505, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.677239, "energy": 68.144412, "activity_lines": [ 93.359333, 95.678545, 98.49119, 100.279376 ] }, { "date": "2025-11-07", "close": 84.36, "volume": 4585228, "typical_volume": 2536472.85, "trend": 101.863167, "fair_value": 91.499006, "relative_strength": -31.03717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.545912, "energy": 79.927615, "activity_lines": [ 90.127333, 93.214727, 96.986143, 99.112763 ] }, { "date": "2025-11-14", "close": 83.365, "volume": 3066525, "typical_volume": 2573656.25, "trend": 101.231167, "fair_value": 91.597756, "relative_strength": -31.167249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.300656, "energy": 86.185063, "activity_lines": [ 87.199667, 90.853455, 95.457095, 97.919333 ] }, { "date": "2025-11-21", "close": 81.485, "volume": 2402294, "typical_volume": 2600822.05, "trend": 100.429, "fair_value": 91.675865, "relative_strength": -29.94974, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.254394, "energy": 89.814654, "activity_lines": [ 84.453, 88.594455, 93.835071, 96.645387 ] }, { "date": "2025-11-28", "close": 82.42, "volume": 1477713, "typical_volume": 2537722.55, "trend": 99.606333, "fair_value": 91.745673, "relative_strength": -31.837055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.087459, "energy": 87.496596, "activity_lines": [ 83.004333, 86.920273, 92.411119, 95.483516 ] }, { "date": "2025-12-05", "close": 92.75, "volume": 3985507, "typical_volume": 2647452.3, "trend": 99.116, "fair_value": 91.901955, "relative_strength": -23.428464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.637642, "energy": 55.818811, "activity_lines": [ 85.931667, 87.477545, 92.059786, 95.041172 ] }, { "date": "2025-12-12", "close": 90.71, "volume": 2126371, "typical_volume": 2653623.45, "trend": 98.356333, "fair_value": 92.04266, "relative_strength": -23.061205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.811251, "energy": 40.12936, "activity_lines": [ 87.876333, 87.703727, 91.572929, 94.498849 ] }, { "date": "2025-12-19", "close": 89.51, "volume": 2292828, "typical_volume": 2665237.2, "trend": 97.508333, "fair_value": 92.17734, "relative_strength": -23.915319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.763971, "energy": 27.521522, "activity_lines": [ 88.997667, 87.769727, 91.052548, 93.928118 ] }, { "date": "2025-12-26", "close": 89.435, "volume": 863751, "typical_volume": 2634200.8, "trend": 96.624833, "fair_value": 92.304167, "relative_strength": -24.329666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.567514, "energy": 28.62653, "activity_lines": [ 89.684333, 87.930636, 90.596214, 93.407258 ] }, { "date": "2026-01-02", "close": 85.13, "volume": 1018423, "typical_volume": 2501382.2, "trend": 96.054167, "fair_value": 92.402115, "relative_strength": -26.092457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.234233, "energy": 31.262743, "activity_lines": [ 88.406, 87.433273, 89.786048, 92.665656 ] }, { "date": "2026-01-09", "close": 87.46, "volume": 1985569, "typical_volume": 2515863.65, "trend": 95.662833, "fair_value": 92.506282, "relative_strength": -25.086996, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.416999, "energy": 31.349419, "activity_lines": [ 87.723667, 87.564636, 89.260119, 92.111194 ] }, { "date": "2026-01-16", "close": 87.89, "volume": 3847448, "typical_volume": 2570276.3, "trend": 95.285167, "fair_value": 92.614551, "relative_strength": -23.419827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.248803, "energy": 34.242848, "activity_lines": [ 87.537333, 87.787818, 88.841381, 91.60972 ] }, { "date": "2026-01-23", "close": 81.7, "volume": 2393657, "typical_volume": 2538338.45, "trend": 94.627167, "fair_value": 92.675385, "relative_strength": -28.271886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.500718, "energy": 47.64692, "activity_lines": [ 85.475667, 86.821364, 87.890548, 90.733258 ] }, { "date": "2026-01-30", "close": 74.76, "volume": 3885535, "typical_volume": 2639516.3, "trend": 93.639833, "fair_value": 92.665577, "relative_strength": -33.557924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.51779, "energy": 76.229169, "activity_lines": [ 81.621333, 84.623364, 86.403, 89.451505 ] }, { "date": "2026-02-06", "close": 66.78, "volume": 6144067, "typical_volume": 2822191.7, "trend": 92.496833, "fair_value": 92.619038, "relative_strength": -38.673009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.633409, "energy": 92.714627, "activity_lines": [ 76.085333, 81.096727, 84.296119, 87.718613 ] }, { "date": "2026-02-13", "close": 65.74, "volume": 4076260, "typical_volume": 2903825.2, "trend": 91.185167, "fair_value": 92.558782, "relative_strength": -38.130521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.206392, "energy": 94.503677, "activity_lines": [ 71.426, 77.665364, 82.25719, 85.992366 ] }, { "date": "2026-02-20", "close": 67.08, "volume": 2268996, "typical_volume": 2882231.65, "trend": 89.832167, "fair_value": 92.516346, "relative_strength": -36.871872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.458512, "energy": 90.380592, "activity_lines": [ 68.661333, 74.968727, 80.484929, 84.437194 ] }, { "date": "2026-02-27", "close": 66.25, "volume": 4496763, "typical_volume": 2963781.8, "trend": 88.5585, "fair_value": 92.448974, "relative_strength": -36.720186, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.286791, "energy": 89.03911, "activity_lines": [ 67.007333, 72.550818, 78.761333, 82.915763 ] }, { "date": "2026-03-06", "close": 71.74, "volume": 3458651, "typical_volume": 3017892.1, "trend": 87.5755, "fair_value": 92.430449, "relative_strength": -29.945916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.461831, "energy": 79.945675, "activity_lines": [ 68.213333, 71.554, 77.699786, 81.830699 ] }, { "date": "2026-03-13", "close": 72.46, "volume": 4762851, "typical_volume": 3152590.35, "trend": 86.716833, "fair_value": 92.398782, "relative_strength": -27.823454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.745402, "energy": 57.90938, "activity_lines": [ 69.860667, 71.009818, 76.823667, 80.855505 ] }, { "date": "2026-03-20", "close": 72.56, "volume": 2861109, "typical_volume": 3099977.3, "trend": 85.7565, "fair_value": 92.366795, "relative_strength": -25.541326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.79726, "energy": 43.74735, "activity_lines": [ 71.162667, 70.714182, 76.071119, 79.942161 ] }, { "date": "2026-03-27", "close": 69.62, "volume": 2474751, "typical_volume": 2994453.45, "trend": 84.7455, "fair_value": 92.296346, "relative_strength": -25.397399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.739112, "energy": 36.691126, "activity_lines": [ 71.03, 70.154909, 75.113095, 78.901097 ] }, { "date": "2026-04-03", "close": 71.42, "volume": 1815039, "typical_volume": 2931879.15, "trend": 83.533167, "fair_value": 92.239744, "relative_strength": -25.485599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.209174, "energy": 33.167911, "activity_lines": [ 71.328, 70.255091, 74.39669, 78.041387 ] }, { "date": "2026-04-10", "close": 63.08, "volume": 2756261, "typical_volume": 2949577.5, "trend": 82.159167, "fair_value": 92.120641, "relative_strength": -36.083548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.922067, "energy": 49.244, "activity_lines": [ 68.501333, 69.025818, 72.942881, 76.721828 ] }, { "date": "2026-04-17", "close": 76.41, "volume": 4068230, "typical_volume": 3079103.35, "trend": 81.311167, "fair_value": 92.099359, "relative_strength": -26.083653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.569369, "energy": 29.242158, "activity_lines": [ 70.695333, 70.432545, 72.846238, 76.350914 ] }, { "date": "2026-04-24", "close": 72.0, "volume": 2969184, "typical_volume": 3028287.2, "trend": 80.5465, "fair_value": 92.053333, "relative_strength": -30.884989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.823141, "energy": 24.469926, "activity_lines": [ 71.156, 70.862364, 72.358214, 75.750194 ] }, { "date": "2026-05-01", "close": 73.13, "volume": 2452343, "typical_volume": 3044585.8, "trend": 79.854167, "fair_value": 92.032756, "relative_strength": -29.912594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.967158, "energy": 20.74522, "activity_lines": [ 72.030667, 71.383818, 72.076619, 75.27171 ] }, { "date": "2026-05-08", "close": 72.3, "volume": 2087221, "typical_volume": 3034305.45, "trend": 79.0815, "fair_value": 91.995449, "relative_strength": -33.33173, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.59283, "energy": 18.379256, "activity_lines": [ 72.394667, 71.644364, 71.79969, 74.784344 ] }, { "date": "2026-05-15", "close": 67.7, "volume": 1958579, "typical_volume": 3089046.85, "trend": 78.128833, "fair_value": 91.929038, "relative_strength": -36.384463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.073214, "energy": 23.954394, "activity_lines": [ 71.166667, 70.958545, 71.166619, 74.050054 ] }, { "date": "2026-05-22", "close": 71.29, "volume": 2001847, "typical_volume": 3138218.05, "trend": 77.2915, "fair_value": 91.891987, "relative_strength": -32.718425, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.813675, "energy": 19.549938, "activity_lines": [ 70.827333, 70.998909, 70.978952, 73.608839 ] }, { "date": "2026-05-29", "close": 73.77, "volume": 1907320, "typical_volume": 3134305.6, "trend": 76.810167, "fair_value": 91.87141, "relative_strength": -31.223575, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.107039, "energy": 13.786052, "activity_lines": [ 71.656, 71.511455, 71.093381, 73.381645 ] }, { "date": "2026-06-05", "close": 75.46, "volume": 4311921, "typical_volume": 3157529.25, "trend": 76.5135, "fair_value": 91.883397, "relative_strength": -25.475534, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.413609, "energy": 6.240946, "activity_lines": [ 72.93, 72.309273, 71.433952, 73.294538 ] }, { "date": "2026-06-12", "close": 72.97, "volume": 2724321, "typical_volume": 3174062.45, "trend": 76.167, "fair_value": 91.847756, "relative_strength": -28.723239, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.37106, "energy": 10.540327, "activity_lines": [ 73.218667, 72.548182, 71.596571, 73.065925 ] }, { "date": "2026-06-19", "close": 67.33, "volume": 1793911, "typical_volume": 3069481.25, "trend": 75.695167, "fair_value": 91.788974, "relative_strength": -35.081336, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.543925, "energy": 16.569724, "activity_lines": [ 71.582667, 71.733455, 71.263619, 72.495796 ] }, { "date": "2026-06-26", "close": 70.53, "volume": 4037406, "typical_volume": 2964148.2, "trend": 75.298833, "fair_value": 91.727564, "relative_strength": -27.942831, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.173975, "energy": 14.432203, "activity_lines": [ 71.038, 71.423273, 71.27081, 72.162559 ] }, { "date": "2026-07-03", "close": 72.795, "volume": 2183889, "typical_volume": 2869529.65, "trend": 74.633667, "fair_value": 91.695673, "relative_strength": -25.37038, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.455284, "energy": 13.822214, "activity_lines": [ 71.299, 71.631818, 71.475857, 72.001022 ] }, { "date": "2026-07-10", "close": 72.07, "volume": 2579306, "typical_volume": 2885045.15, "trend": 74.012333, "fair_value": 91.647981, "relative_strength": -26.564812, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.463142, "energy": 14.832878, "activity_lines": [ 71.383333, 71.694091, 71.578262, 71.835624 ] }, { "date": "2026-07-17", "close": 74.16, "volume": 2227880, "typical_volume": 2771601.0, "trend": 73.500667, "fair_value": 91.61375, "relative_strength": -20.233769, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.551019, "energy": 2.878689, "activity_lines": [ 72.390333, 72.155636, 71.855952, 71.845151 ] }, { "date": "2026-07-24", "close": 68.18, "volume": 2370881, "typical_volume": 2717212.5, "trend": 72.792167, "fair_value": 91.556699, "relative_strength": -24.486075, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.418476, "energy": 14.153055, "activity_lines": [ 71.324667, 71.496091, 71.526452, 71.501882 ] }, { "date": "2026-07-31", "close": 75.16, "volume": 3095150, "typical_volume": 2633827.45, "trend": 72.459833, "fair_value": 91.560609, "relative_strength": -16.233008, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.80523, "energy": 12.970043, "activity_lines": [ 72.529, 72.096909, 71.878667, 71.654645 ] }, { "date": "2026-08-07", "close": 79.57, "volume": 1913478, "typical_volume": 2586445.9, "trend": 72.196833, "fair_value": 91.602019, "relative_strength": -14.776446, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.684504, "energy": 38.005176, "activity_lines": [ 74.894667, 73.429182, 72.638024, 72.113366 ] } ], "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." } } }