{ "ticker": { "uuid": "596d3b25-0094-42c0-9862-598d2d1d6046", "symbol": "2516", "name": "TSE Growth 250 ETF", "exchange": "JPX", "country": "JP", "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": "^N225", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 54.351, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -55.33, "architecture_energy": 37.427, "architecture_maturity": 6.714, "architecture_confidence": 93.186, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 34.1, "rotation_up": 16.73, "upward_expansion": 4.25, "deceleration": 51.76, "rotation_down": 53.33, "downward_expansion": 75.25 }, "activity_lines": [ 557.899996, 560.007271, 581.020474, 586.234621 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 574.400024, "trend_reference": 587.989996, "distance_from_trend": -0.023113, "trend_direction": "Improving", "fair_value": 545.989742, "distance_from_fair_value": 0.052034, "fair_value_direction": "Weakening", "relative_strength": -18.199721, "relative_strength_direction": "Weakening", "price_momentum": 0.035328, "excess_performance": -0.17393, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.023113, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.015919, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.052034, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.14778, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.181997, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.040099, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.035328, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.439927, "read": "Supply-led" } ], "volume": { "latest": 1257210, "relative_activity": 0.649068, "balance": 0.439927, "dry_up": 0.823393, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.063304, "annualized_volatility": 0.270263, "from_high_reference": -0.149037, "from_low_reference": 0.138102 }, "levels": { "trend_reference": 587.989996, "fair_value_reference": 545.989742, "structural_low": 524.299988, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.020556, "positive_rate": 0.56, "directional_follow_through": 0.44, "median_excess_return": -0.010016, "regime_survival": 0.76, "best_return": 0.167789, "worst_return": -0.142857, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.009621, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.056048, "regime_survival": 0.636364, "best_return": 0.157985, "worst_return": -0.188408, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.042845, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": -0.156224, "regime_survival": 0.428571, "best_return": 0.162564, "worst_return": -0.243111, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.037495, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.239444, "regime_survival": 0.25, "best_return": 0.162981, "worst_return": -0.417758, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": 0.012708, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2025-02-07", "tenure": "Developing", "return": 0.049351, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.106906, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.079298, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-09-19", "tenure": "Established", "return": 0.084955, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-10-31", "tenure": "Developing", "return": -0.054588, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": -0.003273, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2026-01-30", "tenure": "Developing", "return": 0.059531, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-06", "end": "2026-02-27", "tenure": "New", "return": 0.094629, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-06", "end": "2026-04-17", "tenure": "Developing", "return": 0.027023, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-06-12", "tenure": "Developing", "return": -0.052874, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-19", "end": "2026-06-26", "tenure": "New", "return": -0.019447, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-03", "end": "2026-07-31", "tenure": "Developing", "return": -0.062168, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 553.900024, "volume": 10720310, "typical_volume": 8282218.0, "trend": 592.343335, "fair_value": 720.608975, "relative_strength": -13.469935, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -36.316748, "energy": 31.095903, "activity_lines": [ 579.620011, 593.838187, 597.314287, 594.530969 ] }, { "date": "2023-08-25", "close": 578.299988, "volume": 6342980, "typical_volume": 8386717.0, "trend": 591.84, "fair_value": 719.021154, "relative_strength": -10.005892, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.553652, "energy": 29.781732, "activity_lines": [ 577.266671, 588.51273, 595.850477, 593.624947 ] }, { "date": "2023-09-01", "close": 588.400024, "volume": 5818780, "typical_volume": 8521519.0, "trend": 591.326668, "fair_value": 717.158334, "relative_strength": -11.310524, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.577176, "energy": 28.495053, "activity_lines": [ 579.406677, 586.327279, 595.28905, 593.403013 ] }, { "date": "2023-09-08", "close": 580.599976, "volume": 5154180, "typical_volume": 8562257.5, "trend": 590.653335, "fair_value": 715.373718, "relative_strength": -12.005704, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.387733, "energy": 27.39708, "activity_lines": [ 579.286666, 583.756365, 593.968095, 592.710968 ] }, { "date": "2023-09-15", "close": 573.700012, "volume": 5745880, "typical_volume": 8612136.5, "trend": 590.126668, "fair_value": 713.262821, "relative_strength": -15.17663, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.607574, "energy": 17.85764, "activity_lines": [ 577.773336, 580.892731, 592.000001, 591.617206 ] }, { "date": "2023-09-22", "close": 564.0, "volume": 5845190, "typical_volume": 8821535.0, "trend": 589.603335, "fair_value": 710.955129, "relative_strength": -13.471078, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.821691, "energy": 25.816218, "activity_lines": [ 574.113334, 576.927276, 589.125239, 589.931614 ] }, { "date": "2023-09-29", "close": 564.799988, "volume": 4377460, "typical_volume": 8840015.0, "trend": 588.916667, "fair_value": 708.575642, "relative_strength": -11.608625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.08577, "energy": 47.909272, "activity_lines": [ 570.046663, 573.949091, 586.379048, 588.331398 ] }, { "date": "2023-10-06", "close": 543.299988, "volume": 7144200, "typical_volume": 8933200.0, "trend": 587.423334, "fair_value": 705.436539, "relative_strength": -12.348887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.525933, "energy": 66.990545, "activity_lines": [ 559.713326, 567.614543, 581.651428, 585.388387 ] }, { "date": "2023-10-13", "close": 533.799988, "volume": 3737940, "typical_volume": 8696150.5, "trend": 585.580001, "fair_value": 702.358334, "relative_strength": -17.09426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.813164, "energy": 76.390027, "activity_lines": [ 549.219991, 560.46545, 576.190951, 581.928816 ] }, { "date": "2023-10-20", "close": 512.299988, "volume": 10108160, "typical_volume": 8843725.5, "trend": 583.126666, "fair_value": 699.494872, "relative_strength": -17.391115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.621782, "energy": 85.651689, "activity_lines": [ 534.679989, 550.505448, 568.82714, 577.201073 ] }, { "date": "2023-10-27", "close": 498.600006, "volume": 17754350, "typical_volume": 9023280.0, "trend": 580.373333, "fair_value": 696.908975, "relative_strength": -18.50035, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.405865, "energy": 89.977363, "activity_lines": [ 519.666661, 539.467267, 560.522855, 571.74774 ] }, { "date": "2023-11-03", "close": 518.200012, "volume": 8576740, "typical_volume": 8650995.5, "trend": 578.786667, "fair_value": 694.115385, "relative_strength": -17.469656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.637365, "energy": 82.405678, "activity_lines": [ 515.546667, 532.99818, 554.571904, 567.736558 ] }, { "date": "2023-11-10", "close": 527.700012, "volume": 13503450, "typical_volume": 8005750.5, "trend": 576.88, "fair_value": 691.350641, "relative_strength": -17.180531, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.122253, "energy": 70.738678, "activity_lines": [ 517.700006, 529.349091, 550.153334, 564.440645 ] }, { "date": "2023-11-17", "close": 538.700012, "volume": 12580250, "typical_volume": 7963821.5, "trend": 575.413333, "fair_value": 688.919231, "relative_strength": -17.554436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.401974, "energy": 50.593715, "activity_lines": [ 524.56001, 528.803639, 547.341906, 561.97742 ] }, { "date": "2023-11-24", "close": 556.0, "volume": 9771580, "typical_volume": 7981725.5, "trend": 574.703334, "fair_value": 686.521795, "relative_strength": -14.558394, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.285135, "energy": 29.100476, "activity_lines": [ 536.860008, 532.165457, 546.629525, 560.724947 ] }, { "date": "2023-12-01", "close": 544.599976, "volume": 8275060, "typical_volume": 7945559.0, "trend": 573.689999, "fair_value": 684.006411, "relative_strength": -15.326595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.472415, "energy": 23.753651, "activity_lines": [ 542.446663, 533.776362, 545.089047, 558.782795 ] }, { "date": "2023-12-08", "close": 524.5, "volume": 7937360, "typical_volume": 8084688.0, "trend": 571.883332, "fair_value": 681.528847, "relative_strength": -15.139563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.316676, "energy": 24.337614, "activity_lines": [ 538.266663, 532.085454, 541.947142, 555.609247 ] }, { "date": "2023-12-15", "close": 528.400024, "volume": 10083230, "typical_volume": 8204019.0, "trend": 570.183332, "fair_value": 679.082693, "relative_strength": -15.743408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.804454, "energy": 22.091311, "activity_lines": [ 534.966671, 531.836367, 539.513335, 552.803872 ] }, { "date": "2023-12-22", "close": 528.099976, "volume": 7038930, "typical_volume": 8220369.5, "trend": 568.983332, "fair_value": 676.717949, "relative_strength": -15.872124, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.709207, "energy": 31.853089, "activity_lines": [ 531.519995, 531.803635, 537.360951, 550.088817 ] }, { "date": "2023-12-29", "close": 550.299988, "volume": 8542900, "typical_volume": 8452946.5, "trend": 567.699999, "fair_value": 674.40577, "relative_strength": -12.651252, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.680357, "energy": 22.281673, "activity_lines": [ 536.179993, 535.910906, 537.637617, 548.883439 ] }, { "date": "2024-01-05", "close": 542.700012, "volume": 3308360, "typical_volume": 8082349.0, "trend": 565.763333, "fair_value": 671.814103, "relative_strength": -13.181715, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.391868, "energy": 13.884495, "activity_lines": [ 538.686666, 537.945453, 537.379523, 547.270537 ] }, { "date": "2024-01-12", "close": 550.799988, "volume": 6427280, "typical_volume": 8086564.0, "trend": 562.456666, "fair_value": 669.357693, "relative_strength": -16.798719, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.434929, "energy": 10.60538, "activity_lines": [ 544.019995, 540.650906, 537.946188, 546.30516 ] }, { "date": "2024-01-19", "close": 540.799988, "volume": 8137510, "typical_volume": 8202500.5, "trend": 558.976665, "fair_value": 666.491026, "relative_strength": -18.607034, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.589476, "energy": 12.79265, "activity_lines": [ 544.266659, 540.945449, 537.691425, 544.907955 ] }, { "date": "2024-01-26", "close": 557.0, "volume": 14338810, "typical_volume": 8661732.0, "trend": 556.426665, "fair_value": 664.138462, "relative_strength": -15.133236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.595701, "energy": 9.787968, "activity_lines": [ 549.086662, 543.947268, 539.206188, 544.780428 ] }, { "date": "2024-02-02", "close": 555.5, "volume": 11065290, "typical_volume": 8927702.5, "trend": 554.606666, "fair_value": 661.526282, "relative_strength": -15.733028, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.581082, "energy": 14.439889, "activity_lines": [ 551.479997, 546.343632, 540.690474, 544.720643 ] }, { "date": "2024-02-09", "close": 551.200012, "volume": 7592940, "typical_volume": 9015090.0, "trend": 552.636667, "fair_value": 658.585257, "relative_strength": -17.471252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.784144, "energy": 17.645961, "activity_lines": [ 552.093335, 547.967272, 541.851904, 544.500859 ] }, { "date": "2024-02-16", "close": 588.700012, "volume": 10640150, "typical_volume": 9328224.5, "trend": 552.42, "fair_value": 656.147436, "relative_strength": -14.943594, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.468062, "energy": 50.59842, "activity_lines": [ 564.640006, 556.289092, 546.645714, 546.827527 ] }, { "date": "2024-02-23", "close": 577.099976, "volume": 12093480, "typical_volume": 9575688.5, "trend": 551.873333, "fair_value": 653.866026, "relative_strength": -17.361875, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.269239, "energy": 53.597397, "activity_lines": [ 570.793331, 561.334543, 550.22095, 548.419783 ] }, { "date": "2024-03-01", "close": 598.0, "volume": 10893750, "typical_volume": 9933479.0, "trend": 551.999999, "fair_value": 651.96218, "relative_strength": -15.568137, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 50.811415, "energy": 65.450359, "activity_lines": [ 581.493331, 569.294543, 555.625712, 551.395697 ] }, { "date": "2024-03-08", "close": 584.700012, "volume": 8736510, "typical_volume": 9864896.5, "trend": 551.823333, "fair_value": 649.658975, "relative_strength": -16.426203, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.562278, "energy": 72.077417, "activity_lines": [ 585.026668, 573.565455, 559.458095, 553.505375 ] }, { "date": "2024-03-15", "close": 559.900024, "volume": 8531910, "typical_volume": 9403774.5, "trend": 552.023333, "fair_value": 647.228847, "relative_strength": -17.302715, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.041356, "energy": 50.829771, "activity_lines": [ 578.346675, 572.701823, 560.583811, 554.026452 ] }, { "date": "2024-03-22", "close": 588.400024, "volume": 5875990, "typical_volume": 9268737.0, "trend": 552.360001, "fair_value": 645.090385, "relative_strength": -17.08996, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.192696, "energy": 44.207993, "activity_lines": [ 580.586682, 576.707282, 564.131909, 556.373336 ] }, { "date": "2024-03-29", "close": 578.5, "volume": 4905840, "typical_volume": 8838856.5, "trend": 552.03, "fair_value": 642.708975, "relative_strength": -16.847697, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.424097, "energy": 33.795396, "activity_lines": [ 579.546679, 578.229099, 566.402861, 558.059787 ] }, { "date": "2024-04-05", "close": 538.0, "volume": 9765860, "typical_volume": 8698137.0, "trend": 550.610001, "fair_value": 640.07436, "relative_strength": -19.328603, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.815463, "energy": 13.971128, "activity_lines": [ 564.913342, 571.701825, 564.574765, 557.154626 ] }, { "date": "2024-04-12", "close": 535.0, "volume": 6851430, "typical_volume": 8552129.5, "trend": 549.32, "fair_value": 637.375642, "relative_strength": -20.230126, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 7.153788, "energy": 13.918858, "activity_lines": [ 553.280005, 564.974552, 562.464289, 556.147529 ] }, { "date": "2024-04-19", "close": 499.0, "volume": 9819360, "typical_volume": 8629344.5, "trend": 547.153334, "fair_value": 634.625642, "relative_strength": -20.04115, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -40.585901, "energy": 39.250586, "activity_lines": [ 532.960002, 552.07455, 557.025241, 552.901077 ] }, { "date": "2024-04-26", "close": 502.0, "volume": 7359180, "typical_volume": 8600435.5, "trend": 545.060001, "fair_value": 631.946154, "relative_strength": -20.78481, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.7598, "energy": 58.226397, "activity_lines": [ 517.7, 540.669095, 552.089051, 549.987959 ] }, { "date": "2024-05-03", "close": 503.299988, "volume": 2554820, "typical_volume": 8224015.0, "trend": 543.726667, "fair_value": 629.409616, "relative_strength": -20.606222, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.798876, "energy": 65.078365, "activity_lines": [ 508.633329, 531.076365, 547.383811, 547.293765 ] }, { "date": "2024-05-10", "close": 506.5, "volume": 4332230, "typical_volume": 8088680.0, "trend": 542.816668, "fair_value": 627.278206, "relative_strength": -19.485217, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.219321, "energy": 66.525675, "activity_lines": [ 505.646663, 523.407273, 543.102859, 544.892044 ] }, { "date": "2024-05-17", "close": 495.399994, "volume": 8938460, "typical_volume": 8108458.0, "trend": 542.253335, "fair_value": 624.832052, "relative_strength": -21.831914, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.011934, "energy": 75.675471, "activity_lines": [ 501.059996, 515.383635, 537.86762, 541.832904 ] }, { "date": "2024-05-24", "close": 473.799988, "volume": 9954880, "typical_volume": 8440784.0, "trend": 541.426667, "fair_value": 622.292308, "relative_strength": -24.434465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.648818, "energy": 76.43325, "activity_lines": [ 491.913326, 505.056359, 530.836667, 537.416559 ] }, { "date": "2024-05-31", "close": 482.600006, "volume": 7751140, "typical_volume": 8506977.0, "trend": 540.24, "fair_value": 619.911539, "relative_strength": -22.148102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.434223, "energy": 70.999905, "activity_lines": [ 487.379997, 497.894542, 524.971905, 533.621291 ] }, { "date": "2024-06-07", "close": 487.200012, "volume": 7430440, "typical_volume": 8471623.5, "trend": 538.89, "fair_value": 617.252565, "relative_strength": -21.237588, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.76528, "energy": 68.410043, "activity_lines": [ 485.673336, 493.492727, 519.870001, 530.199356 ] }, { "date": "2024-06-14", "close": 497.899994, "volume": 6192370, "typical_volume": 8064301.5, "trend": 537.53, "fair_value": 614.687821, "relative_strength": -19.150882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.273559, "energy": 54.575643, "activity_lines": [ 488.606667, 492.696362, 516.042382, 527.554839 ] }, { "date": "2024-06-21", "close": 497.399994, "volume": 5367150, "typical_volume": 7779394.5, "trend": 535.576666, "fair_value": 611.991667, "relative_strength": -18.101215, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.505324, "energy": 45.19865, "activity_lines": [ 491.946665, 492.53818, 512.448571, 524.965807 ] }, { "date": "2024-06-28", "close": 515.599976, "volume": 6062820, "typical_volume": 7702888.5, "trend": 534.61, "fair_value": 609.41218, "relative_strength": -16.602704, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.942171, "energy": 28.166484, "activity_lines": [ 501.219991, 496.372721, 510.864759, 523.676988 ] }, { "date": "2024-07-05", "close": 511.299988, "volume": 4736540, "typical_volume": 7407708.0, "trend": 534.169999, "fair_value": 606.914103, "relative_strength": -19.35583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.146618, "energy": 24.569178, "activity_lines": [ 506.273322, 499.123629, 509.040949, 522.173116 ] }, { "date": "2024-07-12", "close": 529.5, "volume": 5118250, "typical_volume": 7058946.5, "trend": 534.206665, "fair_value": 604.564744, "relative_strength": -16.428676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.561873, "energy": 21.605175, "activity_lines": [ 515.479991, 505.014539, 509.319044, 521.871826 ] }, { "date": "2024-07-19", "close": 529.200012, "volume": 8225550, "typical_volume": 6925536.5, "trend": 534.243333, "fair_value": 602.309616, "relative_strength": -13.563054, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.156193, "energy": 18.913533, "activity_lines": [ 521.766665, 510.374542, 509.795236, 521.548816 ] }, { "date": "2024-07-26", "close": 504.299988, "volume": 5075250, "typical_volume": 6742473.5, "trend": 532.71, "fair_value": 600.144872, "relative_strength": -11.8653, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.872168, "energy": 18.929462, "activity_lines": [ 517.666663, 510.794541, 508.227615, 519.616987 ] }, { "date": "2024-08-02", "close": 451.200012, "volume": 8088470, "typical_volume": 6720301.5, "trend": 529.66, "fair_value": 597.735898, "relative_strength": -16.663927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.295825, "energy": 38.686938, "activity_lines": [ 495.406669, 501.39818, 501.985712, 514.358279 ] }, { "date": "2024-08-09", "close": 437.700012, "volume": 13906880, "typical_volume": 7121846.0, "trend": 525.89, "fair_value": 595.246795, "relative_strength": -16.511373, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.688632, "energy": 69.42292, "activity_lines": [ 472.940006, 489.958183, 494.975713, 508.425376 ] }, { "date": "2024-08-16", "close": 481.899994, "volume": 6161510, "typical_volume": 7184629.5, "trend": 523.926667, "fair_value": 593.226923, "relative_strength": -14.874857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.215329, "energy": 65.337049, "activity_lines": [ 470.113336, 487.370909, 492.892856, 505.587311 ] }, { "date": "2024-08-23", "close": 498.899994, "volume": 6907520, "typical_volume": 7041712.5, "trend": 521.99, "fair_value": 591.066026, "relative_strength": -11.963418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.827271, "energy": 59.055976, "activity_lines": [ 476.126666, 487.970908, 492.889046, 503.972687 ] }, { "date": "2024-08-30", "close": 520.599976, "volume": 10849980, "typical_volume": 7241640.0, "trend": 520.826666, "fair_value": 588.992949, "relative_strength": -8.268526, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.137764, "energy": 22.5338, "activity_lines": [ 491.393325, 492.498177, 495.138091, 503.883008 ] }, { "date": "2024-09-06", "close": 505.799988, "volume": 10367220, "typical_volume": 7269033.0, "trend": 519.313332, "fair_value": 586.459615, "relative_strength": -4.863844, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.083158, "energy": 16.75444, "activity_lines": [ 500.639988, 493.912721, 496.046186, 502.913545 ] }, { "date": "2024-09-13", "close": 506.100006, "volume": 8756800, "typical_volume": 7338914.0, "trend": 516.559999, "fair_value": 583.998718, "relative_strength": -4.892749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.202387, "energy": 19.679128, "activity_lines": [ 506.346659, 495.559996, 496.950472, 502.061072 ] }, { "date": "2024-09-20", "close": 520.400024, "volume": 5041920, "typical_volume": 7463269.0, "trend": 514.67, "fair_value": 581.610257, "relative_strength": -4.711432, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.327402, "energy": 14.337269, "activity_lines": [ 512.260004, 499.901819, 499.197142, 502.308816 ] }, { "date": "2024-09-27", "close": 526.700012, "volume": 3606980, "typical_volume": 7427006.5, "trend": 512.293334, "fair_value": 579.448077, "relative_strength": -8.106499, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.036107, "energy": 24.120991, "activity_lines": [ 517.706675, 505.554548, 501.962381, 503.084946 ] }, { "date": "2024-10-04", "close": 504.899994, "volume": 5484060, "typical_volume": 7254286.5, "trend": 509.633333, "fair_value": 577.210257, "relative_strength": -8.64318, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.847519, "energy": 16.895292, "activity_lines": [ 514.033339, 507.289092, 502.555238, 502.607956 ] }, { "date": "2024-10-11", "close": 496.299988, "volume": 3539380, "typical_volume": 6933511.5, "trend": 507.513332, "fair_value": 574.782693, "relative_strength": -11.926928, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.972835, "energy": 10.597378, "activity_lines": [ 508.54, 507.44909, 502.283808, 501.74774 ] }, { "date": "2024-10-18", "close": 482.5, "volume": 3413160, "typical_volume": 6716612.5, "trend": 503.983331, "fair_value": 572.414103, "relative_strength": -12.530913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.763669, "energy": 7.660769, "activity_lines": [ 499.079999, 504.279999, 500.590951, 500.133977 ] }, { "date": "2024-10-25", "close": 460.399994, "volume": 7699050, "typical_volume": 6730043.0, "trend": 500.046664, "fair_value": 569.878205, "relative_strength": -13.724051, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.633217, "energy": 36.340835, "activity_lines": [ 483.826662, 496.278181, 496.793808, 497.322149 ] }, { "date": "2024-11-01", "close": 480.700012, "volume": 5940330, "typical_volume": 6717441.0, "trend": 498.136665, "fair_value": 567.248077, "relative_strength": -9.808752, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.479089, "energy": 43.886575, "activity_lines": [ 479.34, 492.358183, 495.057619, 496.073978 ] }, { "date": "2024-11-08", "close": 490.299988, "volume": 3912440, "typical_volume": 6644705.5, "trend": 496.646664, "fair_value": 564.782051, "relative_strength": -10.913133, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.574417, "energy": 49.543656, "activity_lines": [ 481.119997, 490.514545, 494.317618, 495.568385 ] }, { "date": "2024-11-15", "close": 487.899994, "volume": 3095960, "typical_volume": 6496362.5, "trend": 496.276664, "fair_value": 562.191667, "relative_strength": -8.953092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.456427, "energy": 46.301617, "activity_lines": [ 483.07333, 488.785453, 493.382856, 495.004084 ] }, { "date": "2024-11-22", "close": 494.100006, "volume": 3297010, "typical_volume": 6424386.0, "trend": 496.013331, "fair_value": 559.769231, "relative_strength": -6.460623, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.347562, "energy": 21.151347, "activity_lines": [ 487.653333, 488.50909, 493.170475, 494.863655 ] }, { "date": "2024-11-29", "close": 500.5, "volume": 4068360, "typical_volume": 6371891.5, "trend": 495.919998, "fair_value": 557.753205, "relative_strength": -4.636911, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.158886, "energy": 12.898404, "activity_lines": [ 493.593333, 489.614544, 493.649523, 495.153117 ] }, { "date": "2024-12-06", "close": 498.299988, "volume": 4071530, "typical_volume": 6164190.5, "trend": 495.646664, "fair_value": 555.860898, "relative_strength": -6.745758, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -2.50486, "energy": 8.225598, "activity_lines": [ 496.126662, 490.681815, 494.057141, 495.306665 ] }, { "date": "2024-12-13", "close": 503.700012, "volume": 3903580, "typical_volume": 6105607.0, "trend": 495.923332, "fair_value": 554.330128, "relative_strength": -6.210145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.000777, "energy": 12.796197, "activity_lines": [ 499.286668, 493.247272, 495.12619, 495.826236 ] }, { "date": "2024-12-20", "close": 488.299988, "volume": 3905240, "typical_volume": 5896445.5, "trend": 496.406665, "fair_value": 552.460897, "relative_strength": -6.837005, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.663103, "energy": 10.842309, "activity_lines": [ 496.419997, 493.034543, 494.731427, 495.334407 ] }, { "date": "2024-12-27", "close": 504.100006, "volume": 4999460, "typical_volume": 5451074.5, "trend": 497.123332, "fair_value": 550.839744, "relative_strength": -7.074678, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.5993, "energy": 11.964194, "activity_lines": [ 498.793333, 495.839999, 495.664761, 495.830752 ] }, { "date": "2025-01-03", "close": 502.5, "volume": 752600, "typical_volume": 5180629.0, "trend": 497.633331, "fair_value": 549.617949, "relative_strength": -5.980045, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.349023, "energy": 12.746768, "activity_lines": [ 499.966667, 497.961818, 496.129523, 496.177633 ] }, { "date": "2025-01-10", "close": 504.600006, "volume": 2653790, "typical_volume": 4967942.5, "trend": 497.856665, "fair_value": 548.632693, "relative_strength": -3.529878, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.484888, "energy": 15.790189, "activity_lines": [ 501.706669, 499.700001, 496.69619, 496.627096 ] }, { "date": "2025-01-17", "close": 489.399994, "volume": 1624270, "typical_volume": 4506657.0, "trend": 497.589998, "fair_value": 547.735898, "relative_strength": -4.319337, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.813063, "energy": 8.535759, "activity_lines": [ 497.96, 498.24, 495.788095, 496.081505 ] }, { "date": "2025-01-24", "close": 500.299988, "volume": 2344420, "typical_volume": 4105517.0, "trend": 497.079999, "fair_value": 547.305128, "relative_strength": -5.397504, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.562789, "energy": 6.410541, "activity_lines": [ 498.799996, 498.778179, 496.066665, 496.256343 ] }, { "date": "2025-01-31", "close": 508.799988, "volume": 3292200, "typical_volume": 3832287.0, "trend": 496.996665, "fair_value": 546.728205, "relative_strength": -2.561691, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.362905, "energy": 30.21434, "activity_lines": [ 501.673326, 500.636359, 497.18095, 497.012471 ] }, { "date": "2025-02-07", "close": 525.200012, "volume": 2925600, "typical_volume": 3726471.0, "trend": 496.853333, "fair_value": 546.246154, "relative_strength": 2.825334, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 73.264738, "energy": 54.189699, "activity_lines": [ 509.699998, 505.209089, 499.844284, 498.832042 ] }, { "date": "2025-02-14", "close": 528.5, "volume": 4293560, "typical_volume": 3760800.0, "trend": 496.829999, "fair_value": 546.133975, "relative_strength": 2.783214, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.813419, "energy": 70.877132, "activity_lines": [ 517.313332, 509.932726, 502.799046, 500.873762 ] }, { "date": "2025-02-21", "close": 530.700012, "volume": 3532100, "typical_volume": 3663202.0, "trend": 497.71, "fair_value": 546.056411, "relative_strength": 4.366652, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.564523, "energy": 77.024094, "activity_lines": [ 524.066671, 514.507274, 505.954762, 503.058924 ] }, { "date": "2025-02-28", "close": 510.700012, "volume": 2959130, "typical_volume": 3634189.5, "trend": 499.693333, "fair_value": 545.756411, "relative_strength": 5.007048, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.951654, "energy": 67.529734, "activity_lines": [ 521.400008, 514.954549, 507.082858, 503.89699 ] }, { "date": "2025-03-07", "close": 498.399994, "volume": 4044420, "typical_volume": 3665752.5, "trend": 501.716666, "fair_value": 545.619872, "relative_strength": 3.408887, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.73618, "energy": 30.487072, "activity_lines": [ 513.940004, 512.758184, 506.970953, 503.813548 ] }, { "date": "2025-03-14", "close": 519.099976, "volume": 3723930, "typical_volume": 3466996.5, "trend": 502.956665, "fair_value": 545.269231, "relative_strength": 7.293327, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.40169, "energy": 24.65818, "activity_lines": [ 514.073328, 514.429088, 508.75476, 504.935052 ] }, { "date": "2025-03-21", "close": 525.400024, "volume": 1690490, "typical_volume": 3254504.5, "trend": 503.839999, "fair_value": 544.867949, "relative_strength": 6.867205, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.370214, "energy": 23.6133, "activity_lines": [ 516.713336, 516.943638, 510.859048, 506.383011 ] }, { "date": "2025-03-28", "close": 524.099976, "volume": 2289730, "typical_volume": 3173369.0, "trend": 503.956666, "fair_value": 544.312821, "relative_strength": 8.235289, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.781587, "energy": 30.138527, "activity_lines": [ 519.12666, 518.843634, 512.626665, 507.690106 ] }, { "date": "2025-04-04", "close": 472.0, "volume": 5672040, "typical_volume": 3302173.0, "trend": 502.83, "fair_value": 543.448077, "relative_strength": 7.085221, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 2.528083, "energy": 5.716163, "activity_lines": [ 504.613328, 510.639998, 509.271427, 505.628386 ] }, { "date": "2025-04-11", "close": 495.600006, "volume": 5856790, "typical_volume": 3430162.0, "trend": 502.48, "fair_value": 542.85, "relative_strength": 12.889312, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.916159, "energy": 11.290161, "activity_lines": [ 500.546665, 507.241817, 508.239523, 505.161935 ] }, { "date": "2025-04-18", "close": 524.700012, "volume": 4164660, "typical_volume": 3434977.0, "trend": 502.623333, "fair_value": 542.738462, "relative_strength": 15.299272, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.934702, "energy": 16.488707, "activity_lines": [ 506.366671, 509.374547, 509.971905, 506.595484 ] }, { "date": "2025-04-25", "close": 523.299988, "volume": 5455590, "typical_volume": 3504180.0, "trend": 502.509999, "fair_value": 542.646154, "relative_strength": 11.617079, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.325338, "energy": 18.781454, "activity_lines": [ 511.346665, 511.261817, 511.455714, 507.929462 ] }, { "date": "2025-05-02", "close": 532.0, "volume": 2869860, "typical_volume": 3452494.0, "trend": 503.413332, "fair_value": 542.721795, "relative_strength": 9.800761, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.995676, "energy": 32.895305, "activity_lines": [ 519.366667, 514.825453, 513.649047, 509.832042 ] }, { "date": "2025-05-09", "close": 534.900024, "volume": 1302720, "typical_volume": 3322368.0, "trend": 504.7, "fair_value": 542.945513, "relative_strength": 8.258829, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.642284, "energy": 51.192402, "activity_lines": [ 527.826674, 518.892731, 515.983811, 511.863442 ] }, { "date": "2025-05-16", "close": 560.299988, "volume": 4158950, "typical_volume": 3280342.5, "trend": 507.293333, "fair_value": 543.284615, "relative_strength": 12.308323, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.998232, "energy": 69.298166, "activity_lines": [ 540.560002, 527.138183, 520.515715, 515.450538 ] }, { "date": "2025-05-23", "close": 561.599976, "volume": 4182510, "typical_volume": 3451838.0, "trend": 510.666666, "fair_value": 543.69359, "relative_strength": 13.893155, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.599063, "energy": 73.551854, "activity_lines": [ 549.413326, 534.494542, 524.903808, 518.954192 ] }, { "date": "2025-05-30", "close": 582.5, "volume": 3978590, "typical_volume": 3518078.0, "trend": 514.059999, "fair_value": 544.109615, "relative_strength": 15.160034, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.496951, "energy": 81.328069, "activity_lines": [ 562.773328, 544.878179, 531.000951, 523.588601 ] }, { "date": "2025-06-06", "close": 585.700012, "volume": 7140550, "typical_volume": 3793892.0, "trend": 517.239999, "fair_value": 544.471154, "relative_strength": 15.988775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.64668, "energy": 82.990496, "activity_lines": [ 573.253333, 554.805454, 537.031904, 528.210537 ] }, { "date": "2025-06-13", "close": 590.299988, "volume": 5508910, "typical_volume": 3952116.5, "trend": 520.653333, "fair_value": 545.182051, "relative_strength": 16.150278, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.279215, "energy": 83.606227, "activity_lines": [ 581.686662, 564.449088, 543.042379, 532.924085 ] }, { "date": "2025-06-20", "close": 590.900024, "volume": 4422320, "typical_volume": 4008622.5, "trend": 523.88, "fair_value": 545.658975, "relative_strength": 14.137289, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.4083, "energy": 81.041058, "activity_lines": [ 586.626672, 572.050911, 548.681429, 537.456129 ] }, { "date": "2025-06-27", "close": 574.900024, "volume": 4424150, "typical_volume": 4083550.0, "trend": 526.360001, "fair_value": 546.149359, "relative_strength": 6.017945, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.463687, "energy": 60.495653, "activity_lines": [ 584.193347, 575.010915, 552.405717, 540.747744 ] }, { "date": "2025-07-04", "close": 558.5, "volume": 6098680, "typical_volume": 4173806.0, "trend": 528.366668, "fair_value": 546.366667, "relative_strength": 3.646965, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.307069, "energy": 46.58848, "activity_lines": [ 575.406677, 574.076369, 554.331431, 542.821292 ] }, { "date": "2025-07-11", "close": 585.0, "volume": 7468120, "typical_volume": 4370607.0, "trend": 531.076667, "fair_value": 546.769231, "relative_strength": 8.928052, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.591543, "energy": 44.436756, "activity_lines": [ 577.053341, 577.320005, 558.638098, 546.475056 ] }, { "date": "2025-07-18", "close": 578.099976, "volume": 5009410, "typical_volume": 4473121.0, "trend": 534.07, "fair_value": 546.960898, "relative_strength": 6.770905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.712831, "energy": 35.802634, "activity_lines": [ 576.446663, 578.345455, 562.029048, 549.508817 ] }, { "date": "2025-07-25", "close": 598.599976, "volume": 2943030, "typical_volume": 4418051.5, "trend": 537.219999, "fair_value": 547.248718, "relative_strength": 6.033544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.86501, "energy": 48.73616, "activity_lines": [ 583.486654, 582.312723, 567.051427, 553.672042 ] }, { "date": "2025-08-01", "close": 599.200012, "volume": 2744580, "typical_volume": 4369084.0, "trend": 540.443333, "fair_value": 547.491026, "relative_strength": 7.525893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.817211, "energy": 61.699051, "activity_lines": [ 590.213326, 585.692726, 571.653809, 557.670752 ] }, { "date": "2025-08-08", "close": 611.5, "volume": 2675620, "typical_volume": 4418340.5, "trend": 544.006666, "fair_value": 547.83782, "relative_strength": 6.735042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.180621, "energy": 66.12282, "activity_lines": [ 599.419995, 590.625453, 577.04619, 562.255053 ] }, { "date": "2025-08-15", "close": 617.700012, "volume": 3281240, "typical_volume": 4467916.0, "trend": 548.283333, "fair_value": 548.114103, "relative_strength": 3.715323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.987739, "energy": 76.745666, "activity_lines": [ 607.160002, 596.158182, 582.619048, 567.009463 ] }, { "date": "2025-08-22", "close": 613.599976, "volume": 3409490, "typical_volume": 4354788.5, "trend": 552.06, "fair_value": 548.370513, "relative_strength": 4.623871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.298398, "energy": 72.159741, "activity_lines": [ 611.353329, 600.363632, 587.355712, 571.22344 ] }, { "date": "2025-08-29", "close": 612.799988, "volume": 2287430, "typical_volume": 4176320.5, "trend": 555.526666, "fair_value": 548.762821, "relative_strength": 4.151766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.566565, "energy": 64.929991, "activity_lines": [ 612.913326, 603.999993, 591.341902, 575.142149 ] }, { "date": "2025-09-05", "close": 602.5, "volume": 2680580, "typical_volume": 4102116.5, "trend": 558.103333, "fair_value": 548.966667, "relative_strength": 1.671249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.985422, "energy": 50.038652, "activity_lines": [ 610.093327, 605.365449, 593.789045, 578.172686 ] }, { "date": "2025-09-12", "close": 597.400024, "volume": 2005990, "typical_volume": 3929636.5, "trend": 560.4, "fair_value": 549.166667, "relative_strength": -3.062299, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.682187, "energy": 39.70063, "activity_lines": [ 605.353337, 605.301818, 595.38, 580.707957 ] }, { "date": "2025-09-19", "close": 607.900024, "volume": 2847760, "typical_volume": 3928531.5, "trend": 562.973334, "fair_value": 549.548718, "relative_strength": -1.92551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.868579, "energy": 32.274401, "activity_lines": [ 605.053345, 606.440005, 597.618097, 583.772474 ] }, { "date": "2025-09-26", "close": 597.200012, "volume": 1891970, "typical_volume": 3957994.0, "trend": 565.856667, "fair_value": 549.921795, "relative_strength": -4.301002, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.03305, "energy": 24.006627, "activity_lines": [ 601.840014, 605.216371, 598.475717, 585.980647 ] }, { "date": "2025-10-03", "close": 574.099976, "volume": 5839490, "typical_volume": 4042021.0, "trend": 568.38, "fair_value": 550.023077, "relative_strength": -8.768928, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.866865, "energy": 14.611435, "activity_lines": [ 592.020003, 599.445457, 596.836667, 586.512474 ] }, { "date": "2025-10-10", "close": 586.299988, "volume": 3563860, "typical_volume": 4011088.5, "trend": 570.62, "fair_value": 550.241026, "relative_strength": -11.28168, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.796513, "energy": 17.078386, "activity_lines": [ 588.846663, 596.338181, 596.293809, 587.668602 ] }, { "date": "2025-10-17", "close": 557.599976, "volume": 2867780, "typical_volume": 3955548.0, "trend": 571.693332, "fair_value": 550.227564, "relative_strength": -14.647411, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.813603, "energy": 25.293588, "activity_lines": [ 577.186654, 588.247268, 592.899997, 586.8286 ] }, { "date": "2025-10-24", "close": 574.5, "volume": 2547850, "typical_volume": 3725913.0, "trend": 573.373333, "fair_value": 550.223077, "relative_strength": -15.065835, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.726642, "energy": 22.391672, "activity_lines": [ 573.813322, 584.209087, 591.234283, 587.009676 ] }, { "date": "2025-10-31", "close": 564.599976, "volume": 4148620, "typical_volume": 3657898.5, "trend": 576.459999, "fair_value": 550.217949, "relative_strength": -21.27996, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.359645, "energy": 39.307547, "activity_lines": [ 569.366651, 579.156356, 588.679043, 586.443653 ] }, { "date": "2025-11-07", "close": 550.0, "volume": 2982570, "typical_volume": 3585911.0, "trend": 578.273332, "fair_value": 549.977564, "relative_strength": -19.89338, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.916147, "energy": 54.859329, "activity_lines": [ 562.226656, 572.339993, 584.855709, 584.736556 ] }, { "date": "2025-11-14", "close": 557.400024, "volume": 3555020, "typical_volume": 3542454.5, "trend": 579.363332, "fair_value": 549.666666, "relative_strength": -18.798473, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.162525, "energy": 47.399351, "activity_lines": [ 559.160002, 568.010906, 581.931903, 583.389891 ] }, { "date": "2025-11-21", "close": 533.299988, "volume": 4798810, "typical_volume": 3477461.0, "trend": 579.696665, "fair_value": 549.120513, "relative_strength": -19.291448, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.220456, "energy": 60.281619, "activity_lines": [ 549.986666, 560.119995, 576.796187, 580.418062 ] }, { "date": "2025-11-28", "close": 548.200012, "volume": 3212530, "typical_volume": 3264681.5, "trend": 580.236666, "fair_value": 548.680128, "relative_strength": -19.47455, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.003392, "energy": 62.561525, "activity_lines": [ 547.400004, 556.103634, 573.199522, 578.38602 ] }, { "date": "2025-12-05", "close": 524.099976, "volume": 4263230, "typical_volume": 3227372.5, "trend": 579.876664, "fair_value": 548.132692, "relative_strength": -23.119084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.550151, "energy": 70.04806, "activity_lines": [ 538.533329, 548.790904, 567.482854, 574.764298 ] }, { "date": "2025-12-12", "close": 518.5, "volume": 3319170, "typical_volume": 3246179.5, "trend": 578.483331, "fair_value": 547.621153, "relative_strength": -24.17955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.030747, "energy": 75.155819, "activity_lines": [ 530.499996, 541.789087, 561.489997, 570.804513 ] }, { "date": "2025-12-19", "close": 517.0, "volume": 3458040, "typical_volume": 3281852.5, "trend": 576.996665, "fair_value": 547.421153, "relative_strength": -22.12687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.646533, "energy": 71.171413, "activity_lines": [ 524.066663, 535.525452, 555.735711, 566.837847 ] }, { "date": "2025-12-26", "close": 535.5, "volume": 4333120, "typical_volume": 3364727.5, "trend": 575.429999, "fair_value": 547.241025, "relative_strength": -21.094034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.914775, "energy": 58.922053, "activity_lines": [ 526.493331, 533.885453, 552.134759, 564.160643 ] }, { "date": "2026-01-02", "close": 528.799988, "volume": 2199790, "typical_volume": 3310655.0, "trend": 573.533331, "fair_value": 547.074999, "relative_strength": -21.208314, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.809217, "energy": 49.854968, "activity_lines": [ 526.539994, 531.429087, 548.257615, 561.152255 ] }, { "date": "2026-01-09", "close": 557.599976, "volume": 4847610, "typical_volume": 3382561.0, "trend": 572.443331, "fair_value": 547.008333, "relative_strength": -19.22776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.344943, "energy": 31.232058, "activity_lines": [ 537.479989, 535.039993, 547.546661, 560.124296 ] }, { "date": "2026-01-16", "close": 578.299988, "volume": 3002530, "typical_volume": 3418316.0, "trend": 572.02333, "fair_value": 546.983333, "relative_strength": -19.094935, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.359314, "energy": 18.132182, "activity_lines": [ 553.086654, 542.541809, 549.073803, 560.502145 ] }, { "date": "2026-01-23", "close": 574.799988, "volume": 5227080, "typical_volume": 3545641.0, "trend": 572.019995, "fair_value": 546.864102, "relative_strength": -19.233928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.625081, "energy": 20.96645, "activity_lines": [ 563.539986, 548.892717, 550.431897, 560.681284 ] }, { "date": "2026-01-30", "close": 555.299988, "volume": 3577310, "typical_volume": 3624207.0, "trend": 571.913328, "fair_value": 546.553204, "relative_strength": -20.925984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.107328, "energy": 22.142611, "activity_lines": [ 563.639986, 551.381807, 550.064754, 559.602574 ] }, { "date": "2026-02-06", "close": 554.799988, "volume": 3771570, "typical_volume": 3670397.5, "trend": 570.906661, "fair_value": 546.258332, "relative_strength": -21.974991, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.790917, "energy": 19.104058, "activity_lines": [ 562.253321, 553.379988, 549.850468, 558.498488 ] }, { "date": "2026-02-13", "close": 564.5, "volume": 3211040, "typical_volume": 3736351.0, "trend": 570.453329, "fair_value": 546.098076, "relative_strength": -23.958754, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.903815, "energy": 12.669915, "activity_lines": [ 562.366659, 557.021809, 550.812849, 558.085155 ] }, { "date": "2026-02-20", "close": 585.0, "volume": 6346510, "typical_volume": 3761702.0, "trend": 569.999996, "fair_value": 546.13205, "relative_strength": -20.639055, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.165005, "energy": 15.970261, "activity_lines": [ 568.853329, 563.656356, 553.883326, 559.02365 ] }, { "date": "2026-02-27", "close": 607.299988, "volume": 2977000, "typical_volume": 3732359.0, "trend": 570.269995, "fair_value": 546.272435, "relative_strength": -20.042046, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.9956, "energy": 48.127058, "activity_lines": [ 582.32666, 573.136355, 559.025707, 561.430101 ] }, { "date": "2026-03-06", "close": 606.900024, "volume": 6870080, "typical_volume": 3932474.0, "trend": 570.116663, "fair_value": 546.392948, "relative_strength": -15.126459, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 44.853533, "energy": 59.152828, "activity_lines": [ 593.500004, 580.901816, 564.029995, 563.793329 ] }, { "date": "2026-03-13", "close": 595.0, "volume": 4082660, "typical_volume": 4009214.5, "trend": 569.359996, "fair_value": 546.430768, "relative_strength": -13.624109, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.655147, "energy": 55.432341, "activity_lines": [ 597.266671, 585.205453, 567.666186, 565.398705 ] }, { "date": "2026-03-20", "close": 585.0, "volume": 3055570, "typical_volume": 3954562.0, "trend": 568.406663, "fair_value": 546.424999, "relative_strength": -13.978744, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.806661, "energy": 46.290328, "activity_lines": [ 595.020003, 586.487273, 570.252377, 566.407738 ] }, { "date": "2026-03-27", "close": 577.0, "volume": 3698480, "typical_volume": 3990357.5, "trend": 567.21333, "fair_value": 546.398076, "relative_strength": -14.730206, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.684539, "energy": 23.463811, "activity_lines": [ 588.740002, 585.816364, 571.97952, 566.962147 ] }, { "date": "2026-04-03", "close": 576.0, "volume": 2997470, "typical_volume": 3962480.0, "trend": 566.329997, "fair_value": 546.46346, "relative_strength": -14.070121, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 36.848321, "energy": 18.811541, "activity_lines": [ 582.660002, 584.987274, 573.482854, 567.529029 ] }, { "date": "2026-04-10", "close": 601.099976, "volume": 2828780, "typical_volume": 3863978.5, "trend": 566.453329, "fair_value": 546.567306, "relative_strength": -15.774143, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 45.699063, "energy": 22.386704, "activity_lines": [ 587.033325, 588.699997, 577.28809, 569.772253 ] }, { "date": "2026-04-17", "close": 623.299988, "volume": 2065960, "typical_volume": 3806650.0, "trend": 566.966661, "fair_value": 546.827563, "relative_strength": -14.397014, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.574217, "energy": 36.297472, "activity_lines": [ 599.193323, 595.616359, 582.884756, 573.439779 ] }, { "date": "2026-04-24", "close": 607.099976, "volume": 3108710, "typical_volume": 3748924.0, "trend": 567.296659, "fair_value": 547.018588, "relative_strength": -17.783567, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.552118, "energy": 40.903373, "activity_lines": [ 604.066651, 598.341809, 586.580945, 576.029026 ] }, { "date": "2026-05-01", "close": 610.799988, "volume": 1844250, "typical_volume": 3675178.0, "trend": 568.519993, "fair_value": 547.248075, "relative_strength": -16.457014, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.016473, "energy": 53.446639, "activity_lines": [ 608.699984, 600.965444, 590.234278, 578.835692 ] }, { "date": "2026-05-08", "close": 657.200012, "volume": 1333800, "typical_volume": 3568966.0, "trend": 570.883327, "fair_value": 547.75128, "relative_strength": -14.189801, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.485466, "energy": 70.887556, "activity_lines": [ 626.546659, 611.556357, 597.867137, 584.556983 ] }, { "date": "2026-05-15", "close": 629.900024, "volume": 4284710, "typical_volume": 3566545.5, "trend": 573.293329, "fair_value": 548.074998, "relative_strength": -15.396771, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.108042, "energy": 57.404724, "activity_lines": [ 629.880005, 616.276362, 602.232378, 588.364512 ] }, { "date": "2026-05-22", "close": 655.5, "volume": 2992750, "typical_volume": 3606193.5, "trend": 575.993329, "fair_value": 548.660896, "relative_strength": -13.990896, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.887724, "energy": 65.281188, "activity_lines": [ 639.826672, 625.232726, 608.586188, 593.668168 ] }, { "date": "2026-05-29", "close": 648.099976, "volume": 2824850, "typical_volume": 3505055.5, "trend": 578.776662, "fair_value": 549.041024, "relative_strength": -18.066096, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.180698, "energy": 63.475706, "activity_lines": [ 645.159998, 631.743631, 613.631901, 598.32021 ] }, { "date": "2026-06-05", "close": 609.299988, "volume": 567430, "typical_volume": 3383300.5, "trend": 580.753329, "fair_value": 549.095511, "relative_strength": -22.474261, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.424595, "energy": 38.77645, "activity_lines": [ 634.82666, 630.052721, 614.551424, 600.289457 ] }, { "date": "2026-06-12", "close": 575.0, "volume": 479610, "typical_volume": 3145927.0, "trend": 581.339994, "fair_value": 548.614742, "relative_strength": -25.370844, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.488705, "energy": 14.921406, "activity_lines": [ 613.159994, 621.538177, 612.056662, 599.918275 ] }, { "date": "2026-06-19", "close": 550.200012, "volume": 664840, "typical_volume": 3000303.5, "trend": 581.903329, "fair_value": 548.005768, "relative_strength": -32.98502, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.163286, "energy": 16.824869, "activity_lines": [ 588.706665, 608.532726, 607.199045, 597.909243 ] }, { "date": "2026-06-26", "close": 539.5, "volume": 466370, "typical_volume": 2835043.5, "trend": 581.613328, "fair_value": 547.403204, "relative_strength": -31.753577, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.235576, "energy": 41.306932, "activity_lines": [ 566.0, 594.507272, 601.346664, 595.173545 ] }, { "date": "2026-07-03", "close": 583.900024, "volume": 364500, "typical_volume": 2692716.5, "trend": 583.606663, "fair_value": 547.235255, "relative_strength": -25.834923, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.780685, "energy": 38.116741, "activity_lines": [ 565.826676, 590.078186, 599.795714, 595.321074 ] }, { "date": "2026-07-10", "close": 569.799988, "volume": 1836970, "typical_volume": 2467239.5, "trend": 585.316663, "fair_value": 546.97564, "relative_strength": -25.552548, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.727881, "energy": 45.240904, "activity_lines": [ 565.233337, 583.507274, 596.809523, 594.43032 ] }, { "date": "2026-07-17", "close": 555.0, "volume": 2125670, "typical_volume": 2424673.0, "trend": 586.583329, "fair_value": 546.717947, "relative_strength": -21.702032, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.85871, "energy": 42.679116, "activity_lines": [ 562.340002, 574.99091, 592.48619, 592.474407 ] }, { "date": "2026-07-24", "close": 542.099976, "volume": 1237440, "typical_volume": 2143041.0, "trend": 586.803329, "fair_value": 546.38846, "relative_strength": -23.270598, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.15619, "energy": 33.939698, "activity_lines": [ 556.479993, 565.987269, 587.18333, 589.604513 ] }, { "date": "2026-07-31", "close": 547.599976, "volume": 1759160, "typical_volume": 2026866.0, "trend": 587.429995, "fair_value": 546.089742, "relative_strength": -21.33739, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.197162, "energy": 43.699971, "activity_lines": [ 552.993319, 559.579993, 582.712852, 587.075264 ] }, { "date": "2026-08-07", "close": 574.400024, "volume": 1257210, "typical_volume": 1936948.0, "trend": 587.989996, "fair_value": 545.989742, "relative_strength": -18.199721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.329771, "energy": 37.427083, "activity_lines": [ 557.899996, 560.007271, 581.020474, 586.234621 ] } ], "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." } } }