{ "ticker": { "uuid": "5cf50f91-641c-4c47-9ef8-cf6e7c3677aa", "symbol": "TCH-F134", "name": "Tachlit Indices Mutual Fund Management Ltd. - Tachlit SAL (4D) composite US Equity Monthly", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -64.541, "architecture_energy": 67.327, "architecture_maturity": 93.0, "architecture_confidence": 77.371, "architecture_tenure": "Developing", "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": 14.37, "rotation_up": 29.86, "upward_expansion": 16.5, "deceleration": 61.0, "rotation_down": 50.75, "downward_expansion": 76.17 }, "activity_lines": [ 437.68, 1184.956364, 13099.555238, 20153.915269 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 443.1, "trend_reference": 28104.346667, "distance_from_trend": -0.984234, "trend_direction": "Weakening", "fair_value": 35193.271795, "distance_from_fair_value": -0.98741, "fair_value_direction": "Weakening", "relative_strength": -98.8201, "relative_strength_direction": "Weakening", "price_momentum": -0.988762, "excess_performance": -1.017663, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.984234, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.29866, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.98741, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.106004, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.988201, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.769095, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.988762, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.772453, "read": "Demand-led" } ], "volume": { "latest": 1005, "relative_activity": 1.463308, "balance": 1.772453, "dry_up": 1.481144, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 7.672257, "annualized_volatility": 6.381591, "from_high_reference": -0.98945, "from_low_reference": 0.055251 }, "levels": { "trend_reference": 28104.346667, "fair_value_reference": 35193.271795, "structural_low": 419.9, "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": 17, "median_return": 0.0128, "positive_rate": 0.588235, "directional_follow_through": 0.411765, "median_excess_return": -0.013134, "regime_survival": 0.764706, "best_return": 0.075029, "worst_return": -0.083224, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.029699, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.040079, "regime_survival": 0.666667, "best_return": 0.079404, "worst_return": -0.98925, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.01596, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.044988, "regime_survival": 0.333333, "best_return": 0.069835, "worst_return": -0.031297, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.009363, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.317255, "regime_survival": 0.5, "best_return": -0.002888, "worst_return": -0.015837, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-17", "tenure": "New", "return": 0.01154, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-12-13", "tenure": "Extended", "return": 0.1191, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-02-28", "tenure": "Developing", "return": -0.031494, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.005073, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-06-06", "tenure": "Developing", "return": -0.013389, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": 0.003821, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2025-11-21", "tenure": "Established", "return": 0.006067, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-02-06", "tenure": "Developing", "return": -0.036648, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": 0.009315, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-06", "tenure": "New", "return": -0.021208, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-13", "end": "2026-05-08", "tenure": "Developing", "return": 0.047363, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-15", "end": "2026-06-05", "tenure": "New", "return": 0.006525, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.055251, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 31060.0, "volume": 1144, "typical_volume": 1642.75, "trend": 27904.333333, "fair_value": 25836.217949, "relative_strength": 13.841296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.000331, "energy": 67.573947, "activity_lines": [ 31060.0, 30682.909091, 29717.238095, 28936.903226 ] }, { "date": "2023-08-18", "close": 30830.0, "volume": 693, "typical_volume": 1612.45, "trend": 28130.333333, "fair_value": 25898.205128, "relative_strength": 16.018346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.093, "energy": 65.844143, "activity_lines": [ 31017.333333, 30779.636364, 29905.52381, 29125.655914 ] }, { "date": "2023-08-25", "close": 31100.0, "volume": 4344, "typical_volume": 1819.2, "trend": 28340.0, "fair_value": 25957.75641, "relative_strength": 15.606935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.238475, "energy": 63.800554, "activity_lines": [ 31034.666667, 30896.545455, 30099.619048, 29317.247312 ] }, { "date": "2023-09-01", "close": 31730.0, "volume": 470, "typical_volume": 1801.1, "trend": 28527.666667, "fair_value": 26019.487179, "relative_strength": 16.734459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.275787, "energy": 68.231875, "activity_lines": [ 31243.333333, 31093.818182, 30334.333333, 29535.956989 ] }, { "date": "2023-09-08", "close": 31690.0, "volume": 1858, "typical_volume": 1843.8, "trend": 28697.666667, "fair_value": 26085.961538, "relative_strength": 17.116387, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.241226, "energy": 66.537645, "activity_lines": [ 31426.0, 31239.090909, 30543.47619, 29739.978495 ] }, { "date": "2023-09-15", "close": 31650.0, "volume": 2673, "typical_volume": 1951.0, "trend": 28854.666667, "fair_value": 26154.102564, "relative_strength": 15.154597, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.323387, "energy": 65.895265, "activity_lines": [ 31548.666667, 31347.818182, 30727.857143, 29930.451613 ] }, { "date": "2023-09-22", "close": 31200.0, "volume": 2119, "typical_volume": 1891.0, "trend": 29007.0, "fair_value": 26222.692308, "relative_strength": 11.935389, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.549917, "energy": 62.331166, "activity_lines": [ 31482.0, 31351.636364, 30846.380952, 30081.763441 ] }, { "date": "2023-09-29", "close": 30260.0, "volume": 1446, "typical_volume": 1917.95, "trend": 29136.333333, "fair_value": 26280.064103, "relative_strength": 9.000775, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.908604, "energy": 43.350779, "activity_lines": [ 31077.333333, 31169.636364, 30854.857143, 30162.602151 ] }, { "date": "2023-10-06", "close": 30180.0, "volume": 445, "typical_volume": 1823.5, "trend": 29262.333333, "fair_value": 26333.974359, "relative_strength": 9.055168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.451228, "energy": 24.886243, "activity_lines": [ 30702.0, 30983.272727, 30842.095238, 30229.935484 ] }, { "date": "2023-10-13", "close": 32030.0, "volume": 995, "typical_volume": 1850.3, "trend": 29465.666667, "fair_value": 26399.166667, "relative_strength": 22.683123, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.65666, "energy": 30.711802, "activity_lines": [ 31046.666667, 31158.0, 30993.761905, 30408.494624 ] }, { "date": "2023-10-20", "close": 31770.0, "volume": 1664, "typical_volume": 1856.1, "trend": 29650.0, "fair_value": 26463.653846, "relative_strength": 23.878205, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.286631, "energy": 35.478699, "activity_lines": [ 31282.0, 31266.545455, 31102.952381, 30557.16129 ] }, { "date": "2023-10-27", "close": 30770.0, "volume": 1529, "typical_volume": 1837.9, "trend": 29787.333333, "fair_value": 26527.24359, "relative_strength": 23.77431, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.146795, "energy": 28.326166, "activity_lines": [ 31176.0, 31180.363636, 31102.857143, 30629.419355 ] }, { "date": "2023-11-03", "close": 30870.0, "volume": 1685, "typical_volume": 1843.15, "trend": 29915.333333, "fair_value": 26583.397436, "relative_strength": 17.373084, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.500395, "energy": 34.580418, "activity_lines": [ 31132.0, 31113.454545, 31105.0, 30699.268817 ] }, { "date": "2023-11-10", "close": 30820.0, "volume": 236, "typical_volume": 1799.85, "trend": 30037.333333, "fair_value": 26635.448718, "relative_strength": 15.098726, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.857825, "energy": 16.143661, "activity_lines": [ 31030.666667, 31041.636364, 31094.52381, 30757.634409 ] }, { "date": "2023-11-17", "close": 31370.0, "volume": 823, "typical_volume": 1767.55, "trend": 30173.333333, "fair_value": 26691.538462, "relative_strength": 15.250525, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.977856, "energy": 15.603429, "activity_lines": [ 31070.0, 31086.363636, 31129.047619, 30843.612903 ] }, { "date": "2023-11-24", "close": 31360.0, "volume": 1349, "typical_volume": 1734.85, "trend": 30324.666667, "fair_value": 26744.166667, "relative_strength": 9.830948, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.092652, "energy": 20.703679, "activity_lines": [ 31150.0, 31135.090909, 31156.47619, 30920.172043 ] }, { "date": "2023-12-01", "close": 31120.0, "volume": 672, "typical_volume": 1687.0, "trend": 30465.666667, "fair_value": 26796.858974, "relative_strength": 9.85435, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 34.55026, "energy": 19.481849, "activity_lines": [ 31177.333333, 31145.454545, 31156.380952, 30971.483871 ] }, { "date": "2023-12-08", "close": 31250.0, "volume": 1256, "typical_volume": 1588.7, "trend": 30594.0, "fair_value": 26849.487179, "relative_strength": 8.076951, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.664871, "energy": 27.118824, "activity_lines": [ 31224.666667, 31180.909091, 31165.142857, 31022.086022 ] }, { "date": "2023-12-15", "close": 32660.0, "volume": 1287, "typical_volume": 1466.65, "trend": 30759.0, "fair_value": 26907.435897, "relative_strength": 11.066513, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 79.621219, "energy": 62.331739, "activity_lines": [ 31716.666667, 31454.727273, 31306.142857, 31155.376344 ] }, { "date": "2023-12-22", "close": 32310.0, "volume": 1481, "typical_volume": 1408.45, "trend": 30892.333333, "fair_value": 26964.230769, "relative_strength": 7.695575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.888459, "energy": 67.551269, "activity_lines": [ 31969.333333, 31619.818182, 31408.47619, 31255.44086 ] }, { "date": "2023-12-29", "close": 33010.0, "volume": 953, "typical_volume": 1398.9, "trend": 31032.0, "fair_value": 27025.384615, "relative_strength": 9.269493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.543194, "energy": 81.747905, "activity_lines": [ 32392.666667, 31907.090909, 31571.190476, 31392.064516 ] }, { "date": "2024-01-05", "close": 32150.0, "volume": 2093, "typical_volume": 1468.9, "trend": 31129.0, "fair_value": 27079.74359, "relative_strength": 4.685733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.947687, "energy": 73.934964, "activity_lines": [ 32419.333333, 32015.454545, 31642.714286, 31464.193548 ] }, { "date": "2024-01-12", "close": 33580.0, "volume": 2224, "typical_volume": 1362.9, "trend": 31274.333333, "fair_value": 27140.128205, "relative_strength": 9.601157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.437947, "energy": 86.701417, "activity_lines": [ 32854.0, 32358.727273, 31844.142857, 31622.322581 ] }, { "date": "2024-01-19", "close": 33440.0, "volume": 3154, "typical_volume": 1497.1, "trend": 31413.333333, "fair_value": 27192.884615, "relative_strength": 9.81512, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.608103, "energy": 86.427742, "activity_lines": [ 33086.666667, 32627.272727, 32020.428571, 31762.043011 ] }, { "date": "2024-01-26", "close": 33790.0, "volume": 1505, "typical_volume": 1479.45, "trend": 31537.0, "fair_value": 27250.641026, "relative_strength": 11.133934, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.420516, "energy": 88.137044, "activity_lines": [ 33384.0, 32911.818182, 32221.904762, 31915.376344 ] }, { "date": "2024-02-02", "close": 33160.0, "volume": 824, "typical_volume": 1387.0, "trend": 31629.666667, "fair_value": 27299.74359, "relative_strength": 9.123711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.453343, "energy": 80.504317, "activity_lines": [ 33372.666667, 33037.818182, 32353.380952, 32020.086022 ] }, { "date": "2024-02-09", "close": 33680.0, "volume": 1058, "typical_volume": 1333.95, "trend": 31739.666667, "fair_value": 27348.717949, "relative_strength": 9.568254, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.311163, "energy": 64.831889, "activity_lines": [ 33524.666667, 33225.636364, 32527.190476, 32152.365591 ] }, { "date": "2024-02-16", "close": 33820.0, "volume": 927, "typical_volume": 1308.0, "trend": 31839.666667, "fair_value": 27400.448718, "relative_strength": 7.820229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.303005, "energy": 59.699007, "activity_lines": [ 33621.333333, 33392.363636, 32702.52381, 32286.580645 ] }, { "date": "2024-02-23", "close": 33980.0, "volume": 3046, "typical_volume": 1438.05, "trend": 31921.0, "fair_value": 27451.474359, "relative_strength": 5.064927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.972489, "energy": 57.382423, "activity_lines": [ 33755.333333, 33541.454545, 32876.142857, 32424.666667 ] }, { "date": "2024-03-01", "close": 33740.0, "volume": 1668, "typical_volume": 1471.7, "trend": 32012.666667, "fair_value": 27506.923077, "relative_strength": 2.32316, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.255772, "energy": 52.705296, "activity_lines": [ 33773.333333, 33622.909091, 33008.809524, 32542.021505 ] }, { "date": "2024-03-08", "close": 34290.0, "volume": 2154, "typical_volume": 1496.2, "trend": 32120.333333, "fair_value": 27560.192308, "relative_strength": 4.044849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.441079, "energy": 56.330437, "activity_lines": [ 33978.0, 33778.363636, 33185.714286, 32688.946237 ] }, { "date": "2024-03-15", "close": 34800.0, "volume": 2778, "typical_volume": 1558.65, "trend": 32252.666667, "fair_value": 27616.089744, "relative_strength": 8.268562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.976142, "energy": 66.615268, "activity_lines": [ 34277.333333, 34003.272727, 33399.190476, 32861.827957 ] }, { "date": "2024-03-22", "close": 35010.0, "volume": 1445, "typical_volume": 1546.65, "trend": 32383.0, "fair_value": 27678.974359, "relative_strength": 3.335407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.449455, "energy": 75.156318, "activity_lines": [ 34572.0, 34218.181818, 33613.47619, 33039.72043 ] }, { "date": "2024-03-29", "close": 35740.0, "volume": 738, "typical_volume": 1571.75, "trend": 32516.666667, "fair_value": 27742.75641, "relative_strength": 4.391216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.872126, "energy": 90.845788, "activity_lines": [ 35030.666667, 34539.818182, 33877.571429, 33256.301075 ] }, { "date": "2024-04-05", "close": 35770.0, "volume": 845, "typical_volume": 1572.85, "trend": 32652.666667, "fair_value": 27802.564103, "relative_strength": 6.789747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.777542, "energy": 90.857546, "activity_lines": [ 35382.0, 34825.090909, 34121.095238, 33466.193548 ] }, { "date": "2024-04-12", "close": 35600.0, "volume": 1129, "typical_volume": 1561.85, "trend": 32784.333333, "fair_value": 27859.230769, "relative_strength": 6.608328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.428177, "energy": 88.335557, "activity_lines": [ 35541.333333, 35043.454545, 34327.47619, 33656.344086 ] }, { "date": "2024-04-19", "close": 34870.0, "volume": 1737, "typical_volume": 1615.1, "trend": 32906.666667, "fair_value": 27912.5, "relative_strength": 5.277836, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.902751, "energy": 76.864388, "activity_lines": [ 35370.0, 35084.727273, 34444.142857, 33790.903226 ] }, { "date": "2024-04-26", "close": 35030.0, "volume": 174, "typical_volume": 1561.0, "trend": 33065.666667, "fair_value": 27964.935897, "relative_strength": 4.749007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.977712, "energy": 59.786338, "activity_lines": [ 35247.333333, 35133.454545, 34558.190476, 33927.892473 ] }, { "date": "2024-05-03", "close": 34750.0, "volume": 222, "typical_volume": 1507.75, "trend": 33218.0, "fair_value": 28018.397436, "relative_strength": 2.799085, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.881963, "energy": 42.714583, "activity_lines": [ 35030.0, 35109.272727, 34627.571429, 34036.55914 ] }, { "date": "2024-05-10", "close": 35530.0, "volume": 1302, "typical_volume": 1498.8, "trend": 33334.666667, "fair_value": 28082.179487, "relative_strength": 1.462716, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.452688, "energy": 42.445993, "activity_lines": [ 35138.666667, 35212.909091, 34761.285714, 34185.72043 ] }, { "date": "2024-05-17", "close": 35940.0, "volume": 1598, "typical_volume": 1531.05, "trend": 33473.666667, "fair_value": 28147.820513, "relative_strength": 3.385247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.038893, "energy": 55.236781, "activity_lines": [ 35400.0, 35358.545455, 34918.714286, 34353.806452 ] }, { "date": "2024-05-24", "close": 36020.0, "volume": 702, "typical_volume": 1461.5, "trend": 33648.666667, "fair_value": 28209.423077, "relative_strength": 4.087945, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.130357, "energy": 59.694251, "activity_lines": [ 35665.333333, 35488.727273, 35069.809524, 34518.086022 ] }, { "date": "2024-05-31", "close": 35800.0, "volume": 1236, "typical_volume": 1412.1, "trend": 33813.0, "fair_value": 28269.74359, "relative_strength": 1.693608, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.97619, "energy": 68.02387, "activity_lines": [ 35780.666667, 35556.727273, 35181.52381, 34656.88172 ] }, { "date": "2024-06-07", "close": 36630.0, "volume": 2155, "typical_volume": 1362.15, "trend": 34006.666667, "fair_value": 28332.564103, "relative_strength": 5.588482, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.220629, "energy": 83.34495, "activity_lines": [ 36121.333333, 35761.272727, 35361.714286, 34838.623656 ] }, { "date": "2024-06-14", "close": 36960.0, "volume": 605, "typical_volume": 1317.15, "trend": 34193.0, "fair_value": 28396.794872, "relative_strength": 5.070476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.575133, "energy": 91.661037, "activity_lines": [ 36446.666667, 36009.636364, 35558.142857, 35029.16129 ] }, { "date": "2024-06-21", "close": 37310.0, "volume": 965, "typical_volume": 1324.2, "trend": 34391.333333, "fair_value": 28460.961538, "relative_strength": 6.801767, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.641436, "energy": 93.45411, "activity_lines": [ 36793.333333, 36300.0, 35772.809524, 35230.258065 ] }, { "date": "2024-06-28", "close": 37420.0, "volume": 1317, "typical_volume": 1337.15, "trend": 34601.333333, "fair_value": 28524.102564, "relative_strength": 6.493997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.230479, "energy": 93.19777, "activity_lines": [ 37085.333333, 36579.272727, 35978.190476, 35425.655914 ] }, { "date": "2024-07-05", "close": 37860.0, "volume": 1540, "typical_volume": 1367.8, "trend": 34821.666667, "fair_value": 28591.410256, "relative_strength": 5.383565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.870154, "energy": 94.109779, "activity_lines": [ 37430.666667, 36892.181818, 36207.666667, 35635.892473 ] }, { "date": "2024-07-12", "close": 37430.0, "volume": 1946, "typical_volume": 1312.8, "trend": 34980.666667, "fair_value": 28652.75641, "relative_strength": 1.408303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.041826, "energy": 84.051403, "activity_lines": [ 37495.333333, 37075.454545, 36376.952381, 35804.172043 ] }, { "date": "2024-07-19", "close": 37880.0, "volume": 1663, "typical_volume": 1312.55, "trend": 35166.333333, "fair_value": 28717.820513, "relative_strength": 3.67159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.17905, "energy": 79.817375, "activity_lines": [ 37656.666667, 37291.818182, 36572.666667, 35991.225806 ] }, { "date": "2024-07-26", "close": 36780.0, "volume": 1270, "typical_volume": 1268.35, "trend": 35292.0, "fair_value": 28775.769231, "relative_strength": 0.446088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.542211, "energy": 61.137622, "activity_lines": [ 37390.0, 37265.454545, 36643.904762, 36095.333333 ] }, { "date": "2024-08-02", "close": 38960.0, "volume": 1627, "typical_volume": 1210.8, "trend": 35519.0, "fair_value": 28850.961538, "relative_strength": 9.429502, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.039826, "energy": 69.373289, "activity_lines": [ 37885.333333, 37620.181818, 36910.904762, 36331.978495 ] }, { "date": "2024-08-09", "close": 35950.0, "volume": 2837, "typical_volume": 1280.4, "trend": 35598.0, "fair_value": 28904.102564, "relative_strength": -0.310871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.219587, "energy": 30.865741, "activity_lines": [ 37274.666667, 37374.181818, 36871.428571, 36359.784946 ] }, { "date": "2024-08-16", "close": 36930.0, "volume": 816, "typical_volume": 1284.3, "trend": 35714.333333, "fair_value": 28968.205128, "relative_strength": -0.163076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.873086, "energy": 23.227085, "activity_lines": [ 37118.0, 37303.636364, 36920.809524, 36445.72043 ] }, { "date": "2024-08-23", "close": 38250.0, "volume": 1223, "typical_volume": 1303.2, "trend": 35863.0, "fair_value": 29034.679487, "relative_strength": 3.410152, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.811879, "energy": 36.26709, "activity_lines": [ 37434.666667, 37467.636364, 37090.238095, 36609.311828 ] }, { "date": "2024-08-30", "close": 37670.0, "volume": 734, "typical_volume": 1283.45, "trend": 36013.333333, "fair_value": 29095.705128, "relative_strength": -0.281708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.651149, "energy": 25.807122, "activity_lines": [ 37533.333333, 37502.727273, 37192.619048, 36725.892473 ] }, { "date": "2024-09-06", "close": 37170.0, "volume": 484, "typical_volume": 1220.8, "trend": 36129.666667, "fair_value": 29155.25641, "relative_strength": -0.662861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.498668, "energy": 26.252077, "activity_lines": [ 37406.0, 37440.363636, 37237.52381, 36800.516129 ] }, { "date": "2024-09-13", "close": 37980.0, "volume": 1749, "typical_volume": 1299.55, "trend": 36268.333333, "fair_value": 29220.833333, "relative_strength": 2.219833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.640062, "energy": 37.027959, "activity_lines": [ 37668.0, 37529.818182, 37348.619048, 36919.892473 ] }, { "date": "2024-09-20", "close": 39440.0, "volume": 1191, "typical_volume": 1348.0, "trend": 36450.333333, "fair_value": 29297.5, "relative_strength": 9.264779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.999741, "energy": 55.896692, "activity_lines": [ 38281.333333, 37882.545455, 37584.714286, 37124.516129 ] }, { "date": "2024-09-27", "close": 39450.0, "volume": 1453, "typical_volume": 1355.55, "trend": 36640.666667, "fair_value": 29374.935897, "relative_strength": 3.481589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.233121, "energy": 68.913437, "activity_lines": [ 38730.666667, 38200.545455, 37799.428571, 37318.043011 ] }, { "date": "2024-10-04", "close": 39110.0, "volume": 1504, "typical_volume": 1350.85, "trend": 36801.333333, "fair_value": 29449.038462, "relative_strength": 2.463599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.669226, "energy": 71.696609, "activity_lines": [ 38986.666667, 38428.181818, 37963.095238, 37477.354839 ] }, { "date": "2024-10-11", "close": 39730.0, "volume": 1965, "typical_volume": 1414.0, "trend": 36965.666667, "fair_value": 29527.435897, "relative_strength": 4.053447, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.929314, "energy": 76.840957, "activity_lines": [ 39353.333333, 38726.181818, 38170.714286, 37666.301075 ] }, { "date": "2024-10-18", "close": 39990.0, "volume": 1760, "typical_volume": 1440.2, "trend": 37131.666667, "fair_value": 29604.230769, "relative_strength": 2.625595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.098773, "energy": 75.505621, "activity_lines": [ 39636.0, 39057.454545, 38385.428571, 37861.419355 ] }, { "date": "2024-11-01", "close": 39410.0, "volume": 1794, "typical_volume": 1422.15, "trend": 37254.0, "fair_value": 29677.5, "relative_strength": -1.789317, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.363247, "energy": 61.02866, "activity_lines": [ 39591.333333, 39209.818182, 38524.952381, 38008.408602 ] }, { "date": "2024-11-08", "close": 41130.0, "volume": 2880, "typical_volume": 1535.9, "trend": 37432.666667, "fair_value": 29758.461538, "relative_strength": 1.28621, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.295682, "energy": 79.30454, "activity_lines": [ 40122.0, 39629.818182, 38815.047619, 38258.473118 ] }, { "date": "2024-11-15", "close": 41640.0, "volume": 5240, "typical_volume": 1749.65, "trend": 37634.0, "fair_value": 29842.884615, "relative_strength": 0.811927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.413621, "energy": 92.529851, "activity_lines": [ 40710.666667, 40090.181818, 39133.857143, 38529.913978 ] }, { "date": "2024-11-22", "close": 40650.0, "volume": 2982, "typical_volume": 1832.9, "trend": 37826.666667, "fair_value": 29922.115385, "relative_strength": -1.184831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.623591, "energy": 83.637737, "activity_lines": [ 40800.666667, 40298.363636, 39337.761905, 38724.494624 ] }, { "date": "2024-11-29", "close": 40730.0, "volume": 1570, "typical_volume": 1834.4, "trend": 38016.666667, "fair_value": 29998.525641, "relative_strength": -1.117612, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.564467, "energy": 83.972758, "activity_lines": [ 40856.0, 40457.818182, 39533.904762, 38911.806452 ] }, { "date": "2024-12-06", "close": 40640.0, "volume": 1986, "typical_volume": 1836.4, "trend": 38213.0, "fair_value": 30081.923077, "relative_strength": -3.936856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.105355, "energy": 73.086738, "activity_lines": [ 40832.0, 40550.909091, 39707.809524, 39081.053763 ] }, { "date": "2024-12-13", "close": 40310.0, "volume": 2790, "typical_volume": 1892.75, "trend": 38372.333333, "fair_value": 30161.025641, "relative_strength": -5.140767, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.360214, "energy": 49.070616, "activity_lines": [ 40616.0, 40562.181818, 39835.0, 39216.344086 ] }, { "date": "2024-12-20", "close": 39690.0, "volume": 4573, "typical_volume": 2057.9, "trend": 38497.333333, "fair_value": 30236.410256, "relative_strength": -7.756459, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.704309, "energy": 32.97997, "activity_lines": [ 40248.0, 40445.090909, 39891.571429, 39301.354839 ] }, { "date": "2024-12-27", "close": 40360.0, "volume": 1119, "typical_volume": 2032.5, "trend": 38642.0, "fair_value": 30313.653846, "relative_strength": -6.756972, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.053404, "energy": 27.659578, "activity_lines": [ 40233.333333, 40439.272727, 39998.095238, 39421.526882 ] }, { "date": "2025-01-03", "close": 39770.0, "volume": 1898, "typical_volume": 1985.55, "trend": 38774.333333, "fair_value": 30387.179487, "relative_strength": -9.305795, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.443072, "energy": 22.4396, "activity_lines": [ 40041.333333, 40314.727273, 40041.761905, 39494.301075 ] }, { "date": "2025-01-10", "close": 39630.0, "volume": 1881, "typical_volume": 2038.8, "trend": 38874.333333, "fair_value": 30465.0, "relative_strength": -10.860421, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.911344, "energy": 21.469136, "activity_lines": [ 39866.666667, 40168.727273, 40053.904762, 39549.505376 ] }, { "date": "2025-01-17", "close": 39510.0, "volume": 1719, "typical_volume": 2063.6, "trend": 38959.333333, "fair_value": 30542.051282, "relative_strength": -13.556357, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.177993, "energy": 13.555958, "activity_lines": [ 39719.333333, 39996.909091, 40041.761905, 39590.516129 ] }, { "date": "2025-01-24", "close": 39750.0, "volume": 1686, "typical_volume": 2111.2, "trend": 39040.666667, "fair_value": 30626.858974, "relative_strength": -12.543409, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.676375, "energy": 14.938529, "activity_lines": [ 39705.333333, 39898.181818, 40046.47619, 39641.526882 ] }, { "date": "2025-01-31", "close": 39700.0, "volume": 1999, "typical_volume": 2186.95, "trend": 39116.666667, "fair_value": 30716.923077, "relative_strength": -9.97212, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.831376, "energy": 13.141047, "activity_lines": [ 39670.666667, 39824.727273, 40036.52381, 39684.064516 ] }, { "date": "2025-02-07", "close": 39650.0, "volume": 2680, "typical_volume": 2233.5, "trend": 39176.333333, "fair_value": 30801.089744, "relative_strength": -11.989853, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.546225, "energy": 11.445878, "activity_lines": [ 39663.333333, 39759.454545, 40009.761905, 39718.473118 ] }, { "date": "2025-02-14", "close": 39910.0, "volume": 1258, "typical_volume": 2236.85, "trend": 39259.0, "fair_value": 30882.692308, "relative_strength": -10.868442, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.147285, "energy": 7.704302, "activity_lines": [ 39750.666667, 39761.090909, 39999.809524, 39765.806452 ] }, { "date": "2025-02-21", "close": 39690.0, "volume": 501, "typical_volume": 2189.25, "trend": 39319.333333, "fair_value": 30968.076923, "relative_strength": -11.672225, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.817402, "energy": 9.551682, "activity_lines": [ 39746.0, 39736.0, 39966.666667, 39793.612903 ] }, { "date": "2025-02-28", "close": 38440.0, "volume": 3131, "typical_volume": 2270.6, "trend": 39374.666667, "fair_value": 31055.641026, "relative_strength": -12.691485, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.779361, "energy": 37.605325, "activity_lines": [ 39312.666667, 39494.909091, 39813.333333, 39736.88172 ] }, { "date": "2025-03-07", "close": 37450.0, "volume": 1454, "typical_volume": 2245.05, "trend": 39324.333333, "fair_value": 31126.794872, "relative_strength": -14.653659, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.635138, "energy": 66.625853, "activity_lines": [ 38636.666667, 39096.545455, 39568.904762, 39612.709677 ] }, { "date": "2025-03-14", "close": 36730.0, "volume": 3753, "typical_volume": 2344.7, "trend": 39350.333333, "fair_value": 31196.987179, "relative_strength": -17.484995, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -63.205854, "energy": 80.628285, "activity_lines": [ 37870.666667, 38620.181818, 39266.761905, 39445.333333 ] }, { "date": "2025-03-21", "close": 37260.0, "volume": 2776, "typical_volume": 2393.8, "trend": 39361.333333, "fair_value": 31270.320513, "relative_strength": -15.65967, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.943219, "energy": 89.47317, "activity_lines": [ 37476.0, 38295.454545, 39030.619048, 39310.473118 ] }, { "date": "2025-03-28", "close": 38090.0, "volume": 633, "typical_volume": 2281.45, "trend": 39356.0, "fair_value": 31343.012821, "relative_strength": -12.154537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.278966, "energy": 85.125288, "activity_lines": [ 37534.666667, 38164.727273, 38883.761905, 39228.451613 ] }, { "date": "2025-04-04", "close": 36270.0, "volume": 486, "typical_volume": 2043.75, "trend": 39309.333333, "fair_value": 31402.5, "relative_strength": -15.626154, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.30386, "energy": 91.877896, "activity_lines": [ 37093.333333, 37728.909091, 38578.047619, 39029.354839 ] }, { "date": "2025-04-11", "close": 35620.0, "volume": 3631, "typical_volume": 2076.2, "trend": 39257.666667, "fair_value": 31460.576923, "relative_strength": -15.74511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.930106, "energy": 73.243779, "activity_lines": [ 36580.0, 37238.181818, 38236.0, 38791.333333 ] }, { "date": "2025-04-18", "close": 34980.0, "volume": 467, "typical_volume": 2021.05, "trend": 39157.666667, "fair_value": 31518.205128, "relative_strength": -19.293136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.712445, "energy": 75.709729, "activity_lines": [ 35975.333333, 36705.272727, 37856.952381, 38515.354839 ] }, { "date": "2025-04-25", "close": 34920.0, "volume": 1380, "typical_volume": 1990.75, "trend": 39007.0, "fair_value": 31573.012821, "relative_strength": -19.574843, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.588543, "energy": 83.345038, "activity_lines": [ 35467.333333, 36246.363636, 37499.571429, 38241.956989 ] }, { "date": "2025-05-02", "close": 35790.0, "volume": 832, "typical_volume": 1892.85, "trend": 38885.0, "fair_value": 31638.333333, "relative_strength": -17.567709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.785703, "energy": 68.37871, "activity_lines": [ 35405.333333, 36036.363636, 37252.285714, 38034.408602 ] }, { "date": "2025-05-09", "close": 36400.0, "volume": 2009, "typical_volume": 1764.65, "trend": 38794.666667, "fair_value": 31708.461538, "relative_strength": -19.552512, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.203522, "energy": 59.034188, "activity_lines": [ 35700.0, 36008.181818, 37084.619048, 37874.086022 ] }, { "date": "2025-05-16", "close": 37400.0, "volume": 844, "typical_volume": 1750.9, "trend": 38717.0, "fair_value": 31794.487179, "relative_strength": -16.80678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.428556, "energy": 37.818234, "activity_lines": [ 36319.333333, 36198.909091, 37027.857143, 37784.107527 ] }, { "date": "2025-05-23", "close": 37540.0, "volume": 1606, "typical_volume": 1736.3, "trend": 38635.333333, "fair_value": 31883.333333, "relative_strength": -14.997495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.949914, "energy": 25.396398, "activity_lines": [ 36866.666667, 36416.0, 36998.52381, 37708.172043 ] }, { "date": "2025-05-30", "close": 37560.0, "volume": 685, "typical_volume": 1676.5, "trend": 38573.666667, "fair_value": 31969.807692, "relative_strength": -17.938984, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.6744, "energy": 28.009437, "activity_lines": [ 37250.0, 36622.0, 36981.714286, 37638.795699 ] }, { "date": "2025-06-06", "close": 37580.0, "volume": 1042, "typical_volume": 1642.65, "trend": 38455.333333, "fair_value": 32051.923077, "relative_strength": -18.5078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.356483, "energy": 26.297469, "activity_lines": [ 37464.0, 36826.181818, 36976.666667, 37574.688172 ] }, { "date": "2025-06-13", "close": 38720.0, "volume": 1694, "typical_volume": 1643.05, "trend": 38358.0, "fair_value": 32139.551282, "relative_strength": -14.346041, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.655153, "energy": 24.936976, "activity_lines": [ 37938.666667, 37246.909091, 37089.380952, 37591.763441 ] }, { "date": "2025-06-20", "close": 37800.0, "volume": 639, "typical_volume": 1575.05, "trend": 38263.0, "fair_value": 32233.461538, "relative_strength": -20.037802, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.884878, "energy": 20.229502, "activity_lines": [ 37952.0, 37455.818182, 37119.380952, 37555.763441 ] }, { "date": "2025-06-27", "close": 37350.0, "volume": 1243, "typical_volume": 1503.2, "trend": 38150.333333, "fair_value": 32321.858974, "relative_strength": -22.359142, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.50819, "energy": 16.322818, "activity_lines": [ 37788.666667, 37543.272727, 37115.571429, 37496.860215 ] }, { "date": "2025-07-04", "close": 37820.0, "volume": 2267, "typical_volume": 1553.65, "trend": 38056.333333, "fair_value": 32412.884615, "relative_strength": -24.005801, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.793898, "energy": 14.822775, "activity_lines": [ 37794.666667, 37673.090909, 37167.47619, 37475.548387 ] }, { "date": "2025-07-11", "close": 37780.0, "volume": 925, "typical_volume": 1574.85, "trend": 37972.0, "fair_value": 32498.846154, "relative_strength": -24.221934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.654215, "energy": 10.061953, "activity_lines": [ 37770.0, 37742.909091, 37225.52381, 37457.72043 ] }, { "date": "2025-07-18", "close": 38320.0, "volume": 1462, "typical_volume": 1491.4, "trend": 37926.333333, "fair_value": 32592.115385, "relative_strength": -21.405867, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.13626, "energy": 14.512859, "activity_lines": [ 37912.0, 37874.727273, 37344.095238, 37480.172043 ] }, { "date": "2025-07-25", "close": 38720.0, "volume": 2749, "typical_volume": 1556.15, "trend": 37871.666667, "fair_value": 32680.064103, "relative_strength": -20.759249, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.644563, "energy": 45.626887, "activity_lines": [ 38214.0, 38044.363636, 37501.333333, 37531.376344 ] }, { "date": "2025-08-01", "close": 39260.0, "volume": 1042, "typical_volume": 1420.6, "trend": 37854.666667, "fair_value": 32771.089744, "relative_strength": -18.635458, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.888336, "energy": 66.646468, "activity_lines": [ 38634.666667, 38288.181818, 37703.952381, 37620.946237 ] }, { "date": "2025-08-08", "close": 39420.0, "volume": 1957, "typical_volume": 1379.65, "trend": 37847.666667, "fair_value": 32859.102564, "relative_strength": -15.47064, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.161718, "energy": 71.872837, "activity_lines": [ 38981.333333, 38529.818182, 37909.761905, 37721.935484 ] }, { "date": "2025-08-15", "close": 39870.0, "volume": 287, "typical_volume": 1362.35, "trend": 37859.666667, "fair_value": 32951.538462, "relative_strength": -14.950786, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.852925, "energy": 81.481682, "activity_lines": [ 39371.333333, 38819.454545, 38148.142857, 37852.408602 ] }, { "date": "2025-08-22", "close": 39410.0, "volume": 1075, "typical_volume": 1391.8, "trend": 37848.333333, "fair_value": 33039.102564, "relative_strength": -16.323574, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.898147, "energy": 84.338803, "activity_lines": [ 39468.666667, 38983.818182, 38334.238095, 37952.430108 ] }, { "date": "2025-08-29", "close": 39560.0, "volume": 1083, "typical_volume": 1264.4, "trend": 37843.666667, "fair_value": 33132.820513, "relative_strength": -17.428445, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.11547, "energy": 82.524374, "activity_lines": [ 39543.333333, 39162.909091, 38519.666667, 38062.860215 ] }, { "date": "2025-09-05", "close": 39750.0, "volume": 1477, "typical_volume": 1314.9, "trend": 37847.0, "fair_value": 33231.089744, "relative_strength": -15.843502, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.709218, "energy": 81.102486, "activity_lines": [ 39625.333333, 39344.545455, 38704.428571, 38185.849462 ] }, { "date": "2025-09-12", "close": 40010.0, "volume": 800, "typical_volume": 1285.9, "trend": 37850.333333, "fair_value": 33328.782051, "relative_strength": -16.023074, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.227544, "energy": 72.347324, "activity_lines": [ 39761.333333, 39529.818182, 38891.238095, 38325.397849 ] }, { "date": "2025-09-19", "close": 40800.0, "volume": 1022, "typical_volume": 1295.4, "trend": 37887.333333, "fair_value": 33431.410256, "relative_strength": -11.803482, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.343615, "energy": 88.446597, "activity_lines": [ 40121.333333, 39818.909091, 39129.047619, 38515.698925 ] }, { "date": "2025-09-26", "close": 40750.0, "volume": 60, "typical_volume": 1197.95, "trend": 37964.333333, "fair_value": 33539.038462, "relative_strength": -11.57742, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.342567, "energy": 90.773767, "activity_lines": [ 40402.666667, 40044.0, 39338.238095, 38700.387097 ] }, { "date": "2025-10-03", "close": 40340.0, "volume": 613, "typical_volume": 1186.4, "trend": 38060.666667, "fair_value": 33645.705128, "relative_strength": -16.314734, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.809331, "energy": 86.086356, "activity_lines": [ 40458.0, 40150.363636, 39487.666667, 38853.655914 ] }, { "date": "2025-10-10", "close": 40670.0, "volume": 307, "typical_volume": 1121.45, "trend": 38192.0, "fair_value": 33750.833333, "relative_strength": -16.921303, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.957596, "energy": 84.587274, "activity_lines": [ 40571.333333, 40287.272727, 39654.52381, 39022.0 ] }, { "date": "2025-10-17", "close": 41200.0, "volume": 945, "typical_volume": 1134.45, "trend": 38323.333333, "fair_value": 33866.153846, "relative_strength": -13.462088, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.060221, "energy": 86.854013, "activity_lines": [ 40800.0, 40494.909091, 39856.952381, 39216.064516 ] }, { "date": "2025-10-24", "close": 41110.0, "volume": 9530, "typical_volume": 1558.85, "trend": 38424.0, "fair_value": 33977.307692, "relative_strength": -12.668602, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.27908, "energy": 71.252428, "activity_lines": [ 40919.333333, 40653.818182, 40033.47619, 39395.849462 ] }, { "date": "2025-10-31", "close": 41140.0, "volume": 1247, "typical_volume": 1536.5, "trend": 38586.333333, "fair_value": 34083.846154, "relative_strength": -13.992089, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.2476, "energy": 70.886511, "activity_lines": [ 41028.0, 40795.636364, 40196.047619, 39571.075269 ] }, { "date": "2025-11-07", "close": 40810.0, "volume": 1041, "typical_volume": 1556.6, "trend": 38759.333333, "fair_value": 34190.448718, "relative_strength": -15.590544, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.176808, "energy": 67.688632, "activity_lines": [ 41000.666667, 40846.0, 40315.666667, 39714.537634 ] }, { "date": "2025-11-14", "close": 40110.0, "volume": 2567, "typical_volume": 1622.8, "trend": 38930.333333, "fair_value": 34293.269231, "relative_strength": -18.69197, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.52323, "energy": 52.985994, "activity_lines": [ 40708.666667, 40746.363636, 40354.285714, 39801.677419 ] }, { "date": "2025-11-21", "close": 39800.0, "volume": 1334, "typical_volume": 1576.15, "trend": 39093.0, "fair_value": 34389.166667, "relative_strength": -16.837825, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.230542, "energy": 28.485054, "activity_lines": [ 40350.666667, 40583.818182, 40350.238095, 39857.784946 ] }, { "date": "2025-11-28", "close": 40930.0, "volume": 3390, "typical_volume": 1699.4, "trend": 39264.333333, "fair_value": 34491.987179, "relative_strength": -14.583191, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.199902, "energy": 28.711596, "activity_lines": [ 40462.666667, 40630.545455, 40444.380952, 39976.301075 ] }, { "date": "2025-12-05", "close": 40950.0, "volume": 1011, "typical_volume": 1676.85, "trend": 39416.0, "fair_value": 34593.461538, "relative_strength": -16.702794, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.37303, "energy": 26.402821, "activity_lines": [ 40593.333333, 40678.545455, 40525.428571, 40085.053763 ] }, { "date": "2025-12-12", "close": 40860.0, "volume": 1053, "typical_volume": 1592.05, "trend": 39531.333333, "fair_value": 34698.589744, "relative_strength": -19.08373, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.521261, "energy": 35.748764, "activity_lines": [ 40706.666667, 40706.545455, 40585.380952, 40178.215054 ] }, { "date": "2025-12-19", "close": 40290.0, "volume": 10430, "typical_volume": 2061.45, "trend": 39623.0, "fair_value": 34800.384615, "relative_strength": -20.224348, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.823556, "energy": 35.686797, "activity_lines": [ 40626.666667, 40621.454545, 40580.857143, 40227.16129 ] }, { "date": "2025-12-26", "close": 40550.0, "volume": 1348, "typical_volume": 2031.0, "trend": 39722.666667, "fair_value": 34905.705128, "relative_strength": -17.756143, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.139697, "energy": 25.836353, "activity_lines": [ 40621.333333, 40590.545455, 40596.190476, 40286.967742 ] }, { "date": "2026-01-02", "close": 39450.0, "volume": 330, "typical_volume": 2033.15, "trend": 39785.0, "fair_value": 35005.961538, "relative_strength": -21.336354, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.18533, "energy": 12.893503, "activity_lines": [ 40199.333333, 40371.454545, 40501.380952, 40269.376344 ] }, { "date": "2026-01-09", "close": 40840.0, "volume": 2301, "typical_volume": 2094.45, "trend": 39855.666667, "fair_value": 35113.269231, "relative_strength": -21.371994, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.481651, "energy": 17.202263, "activity_lines": [ 40339.333333, 40435.272727, 40540.952381, 40337.44086 ] }, { "date": "2026-01-16", "close": 40860.0, "volume": 1064, "typical_volume": 2093.5, "trend": 39957.666667, "fair_value": 35217.628205, "relative_strength": -23.004888, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.059482, "energy": 13.526626, "activity_lines": [ 40493.333333, 40508.181818, 40575.619048, 40402.236559 ] }, { "date": "2026-01-23", "close": 40920.0, "volume": 407, "typical_volume": 2040.0, "trend": 40076.666667, "fair_value": 35325.769231, "relative_strength": -22.56083, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.365797, "energy": 19.420036, "activity_lines": [ 40667.333333, 40591.090909, 40609.809524, 40464.322581 ] }, { "date": "2026-01-30", "close": 40320.0, "volume": 914, "typical_volume": 2045.7, "trend": 40160.0, "fair_value": 35425.192308, "relative_strength": -23.337876, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.318596, "energy": 19.940811, "activity_lines": [ 40599.333333, 40550.181818, 40581.285714, 40480.021505 ] }, { "date": "2026-02-06", "close": 39430.0, "volume": 1808, "typical_volume": 2085.0, "trend": 40215.0, "fair_value": 35510.641026, "relative_strength": -25.256951, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.363301, "energy": 6.707651, "activity_lines": [ 40250.0, 40338.0, 40466.52381, 40432.924731 ] }, { "date": "2026-02-13", "close": 39720.0, "volume": 1502, "typical_volume": 2157.1, "trend": 40261.666667, "fair_value": 35594.807692, "relative_strength": -26.141056, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.691161, "energy": 35.164822, "activity_lines": [ 39998.666667, 40205.818182, 40385.904762, 40400.989247 ] }, { "date": "2026-02-20", "close": 40090.0, "volume": 1478, "typical_volume": 2200.35, "trend": 40307.333333, "fair_value": 35679.102564, "relative_strength": -25.845296, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.53926, "energy": 38.200222, "activity_lines": [ 39945.333333, 40163.272727, 40345.428571, 40389.913978 ] }, { "date": "2026-02-27", "close": 40080.0, "volume": 1006, "typical_volume": 2235.3, "trend": 40334.666667, "fair_value": 35765.320513, "relative_strength": -23.324638, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.593596, "energy": 43.803845, "activity_lines": [ 39940.0, 40132.909091, 40305.190476, 40375.247312 ] }, { "date": "2026-03-06", "close": 39230.0, "volume": 1140, "typical_volume": 2245.05, "trend": 40328.333333, "fair_value": 35847.692308, "relative_strength": -28.210491, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.842996, "energy": 59.554934, "activity_lines": [ 39707.333333, 39951.818182, 40186.809524, 40303.978495 ] }, { "date": "2026-03-13", "close": 39060.0, "volume": 952, "typical_volume": 1816.15, "trend": 40301.333333, "fair_value": 35928.846154, "relative_strength": -24.849025, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.035269, "energy": 58.01197, "activity_lines": [ 39490.666667, 39763.818182, 40061.619048, 40222.150538 ] }, { "date": "2026-03-20", "close": 38110.0, "volume": 3126, "typical_volume": 1910.1, "trend": 40258.0, "fair_value": 36006.923077, "relative_strength": -28.321843, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.512845, "energy": 77.195321, "activity_lines": [ 38982.0, 39410.181818, 39855.714286, 40080.774194 ] }, { "date": "2026-03-27", "close": 37980.0, "volume": 819, "typical_volume": 1899.0, "trend": 40205.333333, "fair_value": 36082.179487, "relative_strength": -24.106881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.281404, "energy": 82.033045, "activity_lines": [ 38537.333333, 39082.545455, 39651.857143, 39933.806452 ] }, { "date": "2026-04-03", "close": 38250.0, "volume": 244, "typical_volume": 1782.85, "trend": 40155.333333, "fair_value": 36156.538462, "relative_strength": -24.518744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.291856, "energy": 81.008485, "activity_lines": [ 38323.333333, 38856.363636, 39487.190476, 39807.655914 ] }, { "date": "2026-04-10", "close": 38940.0, "volume": 583, "typical_volume": 1745.3, "trend": 40119.666667, "fair_value": 36232.884615, "relative_strength": -26.85419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.462811, "energy": 76.228748, "activity_lines": [ 38461.333333, 38804.181818, 39397.095238, 39729.247312 ] }, { "date": "2026-04-17", "close": 39620.0, "volume": 1086, "typical_volume": 1630.1, "trend": 40080.333333, "fair_value": 36312.75641, "relative_strength": -24.33995, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.086437, "energy": 41.699728, "activity_lines": [ 38845.333333, 38900.727273, 39375.857143, 39697.010753 ] }, { "date": "2026-04-24", "close": 40440.0, "volume": 577, "typical_volume": 1608.4, "trend": 40070.0, "fair_value": 36397.051282, "relative_strength": -21.40487, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.135836, "energy": 16.10047, "activity_lines": [ 39465.333333, 39142.909091, 39438.952381, 39720.215054 ] }, { "date": "2026-05-01", "close": 40200.0, "volume": 840, "typical_volume": 1597.75, "trend": 40065.333333, "fair_value": 36482.820513, "relative_strength": -22.326654, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.744129, "energy": 23.818017, "activity_lines": [ 39850.0, 39328.363636, 39481.619048, 39728.602151 ] }, { "date": "2026-05-08", "close": 40910.0, "volume": 388, "typical_volume": 1095.65, "trend": 40073.333333, "fair_value": 36572.692308, "relative_strength": -21.910634, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 33.533457, "energy": 39.191942, "activity_lines": [ 40323.333333, 39640.909091, 39595.047619, 39783.096774 ] }, { "date": "2026-05-15", "close": 41380.0, "volume": 157, "typical_volume": 1036.1, "trend": 40079.333333, "fair_value": 36662.307692, "relative_strength": -18.013721, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.794061, "energy": 56.164816, "activity_lines": [ 40776.0, 40023.818182, 39750.285714, 39867.397849 ] }, { "date": "2026-05-22", "close": 40760.0, "volume": 1164, "typical_volume": 1077.8, "trend": 40067.666667, "fair_value": 36745.961538, "relative_strength": -18.704936, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.151914, "energy": 57.165732, "activity_lines": [ 40859.333333, 40254.909091, 39842.52381, 39911.311828 ] }, { "date": "2026-05-29", "close": 41280.0, "volume": 458, "typical_volume": 985.65, "trend": 40072.333333, "fair_value": 36829.102564, "relative_strength": -18.183673, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.445762, "energy": 62.343044, "activity_lines": [ 41040.0, 40549.636364, 39978.047619, 39989.526882 ] }, { "date": "2026-06-05", "close": 41650.0, "volume": 701, "typical_volume": 967.5, "trend": 40100.333333, "fair_value": 36911.346154, "relative_strength": -13.226523, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.563805, "energy": 67.663037, "activity_lines": [ 41288.0, 40854.0, 40146.714286, 40091.311828 ] }, { "date": "2026-06-12", "close": 419.9, "volume": 35, "typical_volume": 948.9, "trend": 38777.33, "fair_value": 36726.601923, "relative_strength": -99.118924, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.193817, "energy": 94.508679, "activity_lines": [ 27695.966667, 33595.254545, 36384.942857, 37531.283871 ] }, { "date": "2026-06-19", "close": 426.3, "volume": 828, "typical_volume": 944.6, "trend": 37464.873333, "fair_value": 36542.026923, "relative_strength": -99.040205, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.601293, "energy": 96.693227, "activity_lines": [ 16805.406667, 27025.492727, 32816.638571, 35057.023871 ] }, { "date": "2026-06-26", "close": 432.3, "volume": 232, "typical_volume": 865.8, "trend": 36114.95, "fair_value": 36357.169872, "relative_strength": -98.975275, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.780442, "energy": 97.122666, "activity_lines": [ 8647.093333, 21157.070909, 29438.875714, 32667.825591 ] }, { "date": "2026-07-03", "close": 436.2, "volume": 1364, "typical_volume": 858.9, "trend": 34764.49, "fair_value": 36167.145513, "relative_strength": -98.96651, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.097638, "energy": 93.38415, "activity_lines": [ 3178.593333, 16001.861818, 26247.187619, 30365.970753 ] }, { "date": "2026-07-10", "close": 437.5, "volume": 191, "typical_volume": 794.55, "trend": 33417.073333, "fair_value": 35975.20641, "relative_strength": -98.921085, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.999875, "energy": 88.099728, "activity_lines": [ 433.446667, 11574.230909, 23242.689048, 28151.326237 ] }, { "date": "2026-07-17", "close": 435.8, "volume": 945, "typical_volume": 791.5, "trend": 32088.6, "fair_value": 35783.25641, "relative_strength": -98.921126, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.332188, "energy": 88.563098, "activity_lines": [ 435.233333, 7869.245455, 20426.85, 26023.502151 ] }, { "date": "2026-07-24", "close": 436.6, "volume": 945, "typical_volume": 781.75, "trend": 30751.486667, "fair_value": 35588.491026, "relative_strength": -98.920853, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.991853, "energy": 81.235013, "activity_lines": [ 436.226667, 4900.3, 17799.869048, 23981.437634 ] }, { "date": "2026-07-31", "close": 432.7, "volume": 1174, "typical_volume": 792.85, "trend": 29450.91, "fair_value": 35389.085256, "relative_strength": -98.8744, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.977613, "energy": 68.007481, "activity_lines": [ 435.233333, 2675.070909, 15357.247143, 22025.386882 ] }, { "date": "2026-08-07", "close": 443.1, "volume": 1005, "typical_volume": 686.8, "trend": 28104.346667, "fair_value": 35193.271795, "relative_strength": -98.8201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.54056, "energy": 67.326712, "activity_lines": [ 437.68, 1184.956364, 13099.555238, 20153.915269 ] } ], "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." } } }