{ "ticker": { "uuid": "61cee259-5e67-43a2-a600-51531f24106f", "symbol": "XIJI", "name": "Syariah Premier ETF JII", "exchange": "JKT", "country": "ID", "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": "^JKSE", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "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": -34.814, "architecture_energy": 20.244, "architecture_maturity": 91.543, "architecture_confidence": 63.003, "architecture_tenure": "Established", "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": 42.38, "rotation_up": 28.65, "upward_expansion": 18.67, "deceleration": 46.68, "rotation_down": 26.58, "downward_expansion": 57.34 }, "activity_lines": [ 525.933333, 513.636364, 527.2, 549.541935 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 543.0, "trend_reference": 585.333333, "distance_from_trend": -0.072323, "trend_direction": "Weakening", "fair_value": 594.99359, "distance_from_fair_value": -0.087385, "fair_value_direction": "Weakening", "relative_strength": 2.958148, "relative_strength_direction": "Weakening", "price_momentum": -0.148903, "excess_performance": 0.043354, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.072323, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.095731, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.087385, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.084847, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.029581, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.031814, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.148903, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.608501, "read": "Supply-led" } ], "volume": { "latest": 63000, "relative_activity": 0.816115, "balance": 0.608501, "dry_up": 1.154544, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.098173, "annualized_volatility": 0.370041, "from_high_reference": -0.32125, "from_low_reference": 0.180435 }, "levels": { "trend_reference": 585.333333, "fair_value_reference": 594.99359, "structural_low": 460.0, "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": 28, "median_return": 5e-06, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.004832, "regime_survival": 0.785714, "best_return": 0.098925, "worst_return": -0.122642, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.021044, "positive_rate": 0.7, "directional_follow_through": 0.3, "median_excess_return": -0.014113, "regime_survival": 0.4, "best_return": 0.222458, "worst_return": -0.180301, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.028961, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.038941, "regime_survival": 0.4, "best_return": 0.068421, "worst_return": -0.053226, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.008313, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.040401, "regime_survival": 0.5, "best_return": 0.190299, "worst_return": -0.089922, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-29", "end": "2023-10-13", "tenure": "New", "return": -0.028436, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-20", "end": "2023-11-03", "tenure": "New", "return": -0.045307, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-11-10", "end": "2024-03-29", "tenure": "Established", "return": -0.006734, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-04-05", "end": "2024-06-21", "tenure": "Developing", "return": -0.057377, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-07-05", "tenure": "New", "return": -0.001689, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-12", "end": "2024-09-13", "tenure": "Developing", "return": -0.00165, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-20", "end": "2024-11-15", "tenure": "Developing", "return": -0.059016, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-12-20", "tenure": "Developing", "return": -0.05102, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-27", "end": "2025-05-23", "tenure": "Established", "return": -0.021505, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": 0.050089, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-02-06", "tenure": "Extended", "return": 0.063333, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-13", "tenure": "Developing", "return": -0.137574, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.005128, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.093489, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 620.0, "volume": 57200, "typical_volume": 73685.0, "trend": 626.766667, "fair_value": 619.301282, "relative_strength": -3.515551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.949357, "energy": 12.410134, "activity_lines": [ 621.133333, 620.2, 620.552381, 622.741935 ] }, { "date": "2023-08-11", "close": 625.0, "volume": 78500, "typical_volume": 76755.0, "trend": 626.233333, "fair_value": 619.628205, "relative_strength": -3.002915, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.471257, "energy": 5.197018, "activity_lines": [ 622.066667, 621.363636, 620.766667, 622.627957 ] }, { "date": "2023-08-18", "close": 618.0, "volume": 9600, "typical_volume": 41070.0, "trend": 625.5, "fair_value": 619.852564, "relative_strength": -3.72922, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.35609, "energy": 12.883612, "activity_lines": [ 620.666667, 621.018182, 620.280952, 622.096774 ] }, { "date": "2023-08-25", "close": 630.0, "volume": 32000, "typical_volume": 41945.0, "trend": 625.0, "fair_value": 620.141026, "relative_strength": -2.314684, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.437503, "energy": 5.851916, "activity_lines": [ 623.8, 622.709091, 620.995238, 622.387097 ] }, { "date": "2023-09-01", "close": 624.0, "volume": 37000, "typical_volume": 42210.0, "trend": 624.3, "fair_value": 620.397436, "relative_strength": -4.26663, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.319744, "energy": 11.010507, "activity_lines": [ 624.266667, 623.127273, 621.171429, 622.322581 ] }, { "date": "2023-09-08", "close": 630.0, "volume": 28500, "typical_volume": 43485.0, "trend": 624.0, "fair_value": 620.782051, "relative_strength": -2.519229, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.452492, "energy": 18.053752, "activity_lines": [ 626.466667, 624.527273, 621.971429, 622.690323 ] }, { "date": "2023-09-15", "close": 634.0, "volume": 73700, "typical_volume": 45710.0, "trend": 624.133333, "fair_value": 621.435897, "relative_strength": -2.628236, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.505614, "energy": 30.207558, "activity_lines": [ 629.333333, 626.381818, 623.180952, 623.335484 ] }, { "date": "2023-09-22", "close": 645.0, "volume": 105800, "typical_volume": 49345.0, "trend": 624.566667, "fair_value": 622.025641, "relative_strength": -1.319968, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.259214, "energy": 55.428532, "activity_lines": [ 635.266667, 630.072727, 625.461905, 624.68172 ] }, { "date": "2023-09-29", "close": 633.0, "volume": 9900, "typical_volume": 44385.0, "trend": 624.666667, "fair_value": 622.557692, "relative_strength": -2.005036, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.868661, "energy": 49.188564, "activity_lines": [ 635.4, 631.236364, 626.504762, 625.225806 ] }, { "date": "2023-10-06", "close": 620.0, "volume": 50500, "typical_volume": 44455.0, "trend": 624.466667, "fair_value": 623.096154, "relative_strength": -3.166341, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.996077, "energy": 25.471339, "activity_lines": [ 631.0, 629.8, 626.266667, 624.924731 ] }, { "date": "2023-10-13", "close": 615.0, "volume": 3500, "typical_volume": 42820.0, "trend": 624.3, "fair_value": 623.551282, "relative_strength": -4.306509, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.923468, "energy": 7.925178, "activity_lines": [ 625.2, 627.454545, 625.528571, 624.313978 ] }, { "date": "2023-10-20", "close": 618.0, "volume": 15700, "typical_volume": 37605.0, "trend": 624.3, "fair_value": 623.955128, "relative_strength": -2.627013, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.731674, "energy": 13.934469, "activity_lines": [ 621.4, 625.745455, 625.052381, 623.907527 ] }, { "date": "2023-10-27", "close": 606.0, "volume": 32000, "typical_volume": 37105.0, "trend": 623.5, "fair_value": 624.211538, "relative_strength": -3.106077, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.931225, "energy": 36.050624, "activity_lines": [ 614.666667, 621.981818, 623.404762, 622.726882 ] }, { "date": "2023-11-03", "close": 590.0, "volume": 28500, "typical_volume": 36860.0, "trend": 621.933333, "fair_value": 624.378205, "relative_strength": -5.916338, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -76.030709, "energy": 65.793526, "activity_lines": [ 605.2, 615.527273, 620.252381, 620.565591 ] }, { "date": "2023-11-10", "close": 594.0, "volume": 28800, "typical_volume": 37295.0, "trend": 620.566667, "fair_value": 624.551282, "relative_strength": -5.391353, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.389773, "energy": 69.026, "activity_lines": [ 599.933333, 610.527273, 617.62381, 618.763441 ] }, { "date": "2023-11-17", "close": 590.0, "volume": 23800, "typical_volume": 38245.0, "trend": 619.033333, "fair_value": 624.519231, "relative_strength": -8.087575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.568416, "energy": 71.359418, "activity_lines": [ 595.066667, 605.345455, 614.728571, 616.791398 ] }, { "date": "2023-11-24", "close": 587.0, "volume": 41900, "typical_volume": 37190.0, "trend": 617.3, "fair_value": 624.378205, "relative_strength": -8.770857, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.063903, "energy": 71.72767, "activity_lines": [ 590.866667, 600.345455, 611.666667, 614.724731 ] }, { "date": "2023-12-01", "close": 585.0, "volume": 13200, "typical_volume": 35650.0, "trend": 615.966667, "fair_value": 624.089744, "relative_strength": -9.490515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.569493, "energy": 65.701797, "activity_lines": [ 588.066667, 595.836364, 608.595238, 612.64086 ] }, { "date": "2023-12-08", "close": 599.0, "volume": 121400, "typical_volume": 40975.0, "trend": 615.133333, "fair_value": 623.891026, "relative_strength": -8.37075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.535109, "energy": 42.410993, "activity_lines": [ 591.333333, 594.963636, 607.052381, 611.546237 ] }, { "date": "2023-12-15", "close": 589.0, "volume": 19800, "typical_volume": 40565.0, "trend": 614.266667, "fair_value": 623.564103, "relative_strength": -10.023838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.029104, "energy": 39.873526, "activity_lines": [ 590.666667, 592.890909, 604.657143, 609.860215 ] }, { "date": "2023-12-22", "close": 599.0, "volume": 5400, "typical_volume": 37975.0, "trend": 613.9, "fair_value": 623.141026, "relative_strength": -8.82352, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.560616, "energy": 28.6296, "activity_lines": [ 593.666667, 593.2, 603.361905, 608.875269 ] }, { "date": "2023-12-29", "close": 606.0, "volume": 8000, "typical_volume": 34450.0, "trend": 613.7, "fair_value": 622.865385, "relative_strength": -7.965868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.053863, "energy": 19.078468, "activity_lines": [ 598.4, 595.072727, 602.833333, 608.365591 ] }, { "date": "2024-01-05", "close": 613.0, "volume": 48800, "typical_volume": 36410.0, "trend": 613.8, "fair_value": 622.641026, "relative_strength": -7.672635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.05737, "energy": 16.285303, "activity_lines": [ 604.2, 598.436364, 603.061905, 608.32043 ] }, { "date": "2024-01-12", "close": 598.0, "volume": 22900, "typical_volume": 35955.0, "trend": 613.066667, "fair_value": 622.121795, "relative_strength": -8.298214, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.054394, "energy": 18.153897, "activity_lines": [ 603.133333, 598.945455, 601.885714, 607.301075 ] }, { "date": "2024-01-19", "close": 599.0, "volume": 17800, "typical_volume": 34995.0, "trend": 612.433333, "fair_value": 621.602564, "relative_strength": -7.769145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.710986, "energy": 16.880573, "activity_lines": [ 602.466667, 599.490909, 600.957143, 606.393548 ] }, { "date": "2024-01-26", "close": 587.0, "volume": 46500, "typical_volume": 35895.0, "trend": 611.5, "fair_value": 621.083333, "relative_strength": -8.252313, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.043663, "energy": 24.087099, "activity_lines": [ 597.133333, 597.763636, 599.004762, 604.752688 ] }, { "date": "2024-02-02", "close": 601.0, "volume": 18200, "typical_volume": 33120.0, "trend": 610.7, "fair_value": 621.00641, "relative_strength": -7.178833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.088227, "energy": 20.494414, "activity_lines": [ 597.266667, 598.636364, 598.590476, 604.075269 ] }, { "date": "2024-02-09", "close": 604.0, "volume": 13700, "typical_volume": 28515.0, "trend": 609.966667, "fair_value": 620.705128, "relative_strength": -6.47981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.305279, "energy": 16.784352, "activity_lines": [ 598.733333, 599.8, 598.619048, 603.643011 ] }, { "date": "2024-02-16", "close": 594.0, "volume": 20200, "typical_volume": 29030.0, "trend": 609.1, "fair_value": 620.333333, "relative_strength": -9.083453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.127558, "energy": 20.484606, "activity_lines": [ 597.466667, 598.8, 597.890476, 602.612903 ] }, { "date": "2024-02-23", "close": 591.0, "volume": 23200, "typical_volume": 27665.0, "trend": 608.133333, "fair_value": 619.99359, "relative_strength": -8.821336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.339411, "energy": 19.58449, "activity_lines": [ 595.466667, 597.345455, 597.061905, 601.445161 ] }, { "date": "2024-03-01", "close": 586.0, "volume": 28000, "typical_volume": 28890.0, "trend": 607.0, "fair_value": 619.673077, "relative_strength": -9.55947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.541677, "energy": 31.865955, "activity_lines": [ 592.333333, 594.945455, 595.895238, 600.017204 ] }, { "date": "2024-03-08", "close": 594.0, "volume": 31500, "typical_volume": 29680.0, "trend": 605.966667, "fair_value": 619.461538, "relative_strength": -8.955749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.841759, "energy": 35.160999, "activity_lines": [ 591.933333, 594.236364, 595.628571, 599.178495 ] }, { "date": "2024-03-15", "close": 591.0, "volume": 26600, "typical_volume": 29410.0, "trend": 605.066667, "fair_value": 619.179487, "relative_strength": -8.507203, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.88567, "energy": 34.016931, "activity_lines": [ 591.0, 593.2, 595.190476, 598.212903 ] }, { "date": "2024-03-22", "close": 599.0, "volume": 37200, "typical_volume": 29845.0, "trend": 604.033333, "fair_value": 618.935897, "relative_strength": -7.347504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.013644, "energy": 21.06992, "activity_lines": [ 593.6, 594.018182, 595.585714, 597.821505 ] }, { "date": "2024-03-29", "close": 590.0, "volume": 11500, "typical_volume": 28980.0, "trend": 602.9, "fair_value": 618.673077, "relative_strength": -7.737025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.662514, "energy": 20.568392, "activity_lines": [ 592.866667, 593.181818, 595.080952, 596.916129 ] }, { "date": "2024-04-05", "close": 610.0, "volume": 67400, "typical_volume": 31160.0, "trend": 602.233333, "fair_value": 618.608974, "relative_strength": -4.373233, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.301836, "energy": 8.474016, "activity_lines": [ 598.866667, 596.145455, 596.5, 597.374194 ] }, { "date": "2024-04-19", "close": 586.0, "volume": 334900, "typical_volume": 45810.0, "trend": 600.633333, "fair_value": 618.391026, "relative_strength": -5.331654, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.8578, "energy": 16.400491, "activity_lines": [ 595.266667, 594.327273, 595.538095, 596.326882 ] }, { "date": "2024-04-26", "close": 577.0, "volume": 53000, "typical_volume": 47800.0, "trend": 598.366667, "fair_value": 618.173077, "relative_strength": -5.874124, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.037064, "energy": 33.556846, "activity_lines": [ 589.2, 591.145455, 593.72381, 594.802151 ] }, { "date": "2024-05-03", "close": 595.0, "volume": 107700, "typical_volume": 47115.0, "trend": 597.1, "fair_value": 618.134615, "relative_strength": -4.089225, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.513456, "energy": 21.748674, "activity_lines": [ 590.066667, 591.727273, 593.661905, 594.584946 ] }, { "date": "2024-05-10", "close": 594.0, "volume": 142100, "typical_volume": 53230.0, "trend": 596.233333, "fair_value": 618.128205, "relative_strength": -3.453134, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.012444, "energy": 28.132629, "activity_lines": [ 590.866667, 592.109091, 593.52381, 594.384946 ] }, { "date": "2024-05-17", "close": 605.0, "volume": 86600, "typical_volume": 57290.0, "trend": 595.9, "fair_value": 618.25, "relative_strength": -4.516355, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.505639, "energy": 2.784495, "activity_lines": [ 595.066667, 594.436364, 594.409524, 594.950538 ] }, { "date": "2024-05-24", "close": 610.0, "volume": 42400, "typical_volume": 59010.0, "trend": 595.633333, "fair_value": 618.378205, "relative_strength": -2.303925, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.621669, "energy": 31.053656, "activity_lines": [ 601.266667, 597.327273, 595.742857, 595.860215 ] }, { "date": "2024-05-31", "close": 597.0, "volume": 65900, "typical_volume": 59865.0, "trend": 595.333333, "fair_value": 618.602564, "relative_strength": -0.811199, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.142507, "energy": 29.48706, "activity_lines": [ 601.533333, 597.563636, 595.819048, 595.948387 ] }, { "date": "2024-06-07", "close": 599.0, "volume": 455600, "typical_volume": 81500.0, "trend": 595.633333, "fair_value": 618.820513, "relative_strength": 0.692879, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.982992, "energy": 28.761454, "activity_lines": [ 601.133333, 598.054545, 596.161905, 596.184946 ] }, { "date": "2024-06-14", "close": 577.0, "volume": 171300, "typical_volume": 89175.0, "trend": 595.066667, "fair_value": 618.74359, "relative_strength": -0.535213, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.8, "energy": 20.505264, "activity_lines": [ 593.133333, 594.545455, 594.404762, 594.982796 ] }, { "date": "2024-06-21", "close": 575.0, "volume": 10600, "typical_volume": 87380.0, "trend": 594.566667, "fair_value": 618.666667, "relative_strength": -2.776143, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.165537, "energy": 41.473949, "activity_lines": [ 585.6, 590.909091, 592.561905, 593.688172 ] }, { "date": "2024-06-28", "close": 592.0, "volume": 70900, "typical_volume": 90015.0, "trend": 594.733333, "fair_value": 618.775641, "relative_strength": -2.300974, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.484463, "energy": 36.219002, "activity_lines": [ 585.733333, 591.0, 592.395238, 593.522581 ] }, { "date": "2024-07-05", "close": 591.0, "volume": 16200, "typical_volume": 90140.0, "trend": 594.933333, "fair_value": 618.878205, "relative_strength": -4.786813, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.463029, "energy": 35.95248, "activity_lines": [ 586.733333, 590.8, 592.17619, 593.28172 ] }, { "date": "2024-07-12", "close": 606.0, "volume": 16900, "typical_volume": 89975.0, "trend": 595.166667, "fair_value": 619.115385, "relative_strength": -3.133572, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.642321, "energy": 6.884244, "activity_lines": [ 593.133333, 593.072727, 593.447619, 593.995699 ] }, { "date": "2024-07-19", "close": 603.0, "volume": 21600, "typical_volume": 89895.0, "trend": 595.633333, "fair_value": 619.326923, "relative_strength": -2.991046, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.54712, "energy": 16.426396, "activity_lines": [ 598.066667, 594.6, 594.37619, 594.501075 ] }, { "date": "2024-07-26", "close": 600.0, "volume": 21400, "typical_volume": 89565.0, "trend": 595.666667, "fair_value": 619.49359, "relative_strength": -3.219931, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.086357, "energy": 20.79097, "activity_lines": [ 600.266667, 595.418182, 594.961905, 594.782796 ] }, { "date": "2024-08-02", "close": 604.0, "volume": 18400, "typical_volume": 88910.0, "trend": 595.6, "fair_value": 619.717949, "relative_strength": -2.682265, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.198297, "energy": 30.304836, "activity_lines": [ 602.133333, 597.054545, 595.861905, 595.32043 ] }, { "date": "2024-08-09", "close": 589.0, "volume": 26600, "typical_volume": 88910.0, "trend": 594.8, "fair_value": 619.903846, "relative_strength": -4.22859, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.612221, "energy": 25.589687, "activity_lines": [ 598.2, 596.072727, 595.285714, 594.894624 ] }, { "date": "2024-08-16", "close": 593.0, "volume": 47700, "typical_volume": 89435.0, "trend": 594.633333, "fair_value": 620.070513, "relative_strength": -5.613044, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 26.603725, "energy": 10.010156, "activity_lines": [ 595.733333, 595.963636, 595.1, 594.778495 ] }, { "date": "2024-08-23", "close": 603.0, "volume": 3600, "typical_volume": 89040.0, "trend": 594.766667, "fair_value": 620.371795, "relative_strength": -5.229811, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.817116, "energy": 15.480679, "activity_lines": [ 597.466667, 597.781818, 595.895238, 595.31828 ] }, { "date": "2024-08-30", "close": 600.0, "volume": 6100, "typical_volume": 85975.0, "trend": 595.2, "fair_value": 620.673077, "relative_strength": -6.976785, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.992553, "energy": 14.02145, "activity_lines": [ 598.2, 598.581818, 596.342857, 595.655914 ] }, { "date": "2024-09-06", "close": 607.0, "volume": 6900, "typical_volume": 69575.0, "trend": 595.4, "fair_value": 621.025641, "relative_strength": -6.282532, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 54.81422, "energy": 32.399271, "activity_lines": [ 601.266667, 600.2, 597.504762, 596.417204 ] }, { "date": "2024-09-13", "close": 605.0, "volume": 22100, "typical_volume": 68030.0, "trend": 595.433333, "fair_value": 621.333333, "relative_strength": -7.383459, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.184222, "energy": 44.346651, "activity_lines": [ 603.466667, 601.181818, 598.37619, 597.036559 ] }, { "date": "2024-09-20", "close": 610.0, "volume": 42700, "typical_volume": 64780.0, "trend": 595.966667, "fair_value": 621.679487, "relative_strength": -5.523311, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.211654, "energy": 48.494039, "activity_lines": [ 606.266667, 602.818182, 599.590476, 597.976344 ] }, { "date": "2024-09-27", "close": 613.0, "volume": 47100, "typical_volume": 60030.0, "trend": 596.7, "fair_value": 622.051282, "relative_strength": -4.218936, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.725159, "energy": 55.370555, "activity_lines": [ 608.933333, 604.927273, 601.019048, 599.075269 ] }, { "date": "2024-10-04", "close": 600.0, "volume": 19400, "typical_volume": 56670.0, "trend": 597.166667, "fair_value": 622.301282, "relative_strength": -3.489239, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.298305, "energy": 36.545769, "activity_lines": [ 606.6, 604.490909, 601.119048, 599.288172 ] }, { "date": "2024-10-11", "close": 595.0, "volume": 19200, "typical_volume": 55510.0, "trend": 597.2, "fair_value": 622.442308, "relative_strength": -4.363955, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.166238, "energy": 15.479975, "activity_lines": [ 602.6, 603.145455, 600.766667, 599.148387 ] }, { "date": "2024-10-18", "close": 617.0, "volume": 9000, "typical_volume": 52665.0, "trend": 598.066667, "fair_value": 622.589744, "relative_strength": -3.680362, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.225573, "energy": 29.775249, "activity_lines": [ 606.733333, 605.963636, 602.580952, 600.425806 ] }, { "date": "2024-10-25", "close": 615.0, "volume": 18200, "typical_volume": 30795.0, "trend": 598.6, "fair_value": 622.608974, "relative_strength": -2.943587, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.454265, "energy": 29.232459, "activity_lines": [ 609.4, 607.909091, 604.109524, 601.51828 ] }, { "date": "2024-11-01", "close": 606.0, "volume": 5200, "typical_volume": 22490.0, "trend": 599.133333, "fair_value": 622.615385, "relative_strength": -1.745832, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.039897, "energy": 26.20786, "activity_lines": [ 608.733333, 607.818182, 604.704762, 601.995699 ] }, { "date": "2024-11-08", "close": 590.0, "volume": 21400, "typical_volume": 23030.0, "trend": 598.466667, "fair_value": 622.608974, "relative_strength": -1.340203, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.19095, "energy": 10.571138, "activity_lines": [ 603.2, 604.763636, 603.638095, 601.406452 ] }, { "date": "2024-11-15", "close": 574.0, "volume": 13800, "typical_volume": 20175.0, "trend": 598.066667, "fair_value": 622.525641, "relative_strength": -2.165475, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -33.91092, "energy": 31.206066, "activity_lines": [ 593.0, 598.981818, 600.97619, 599.827957 ] }, { "date": "2024-11-22", "close": 588.0, "volume": 9300, "typical_volume": 19830.0, "trend": 598.433333, "fair_value": 622.487179, "relative_strength": -0.190601, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.05978, "energy": 33.492823, "activity_lines": [ 588.866667, 596.345455, 599.733333, 599.178495 ] }, { "date": "2024-11-29", "close": 591.0, "volume": 7800, "typical_volume": 19375.0, "trend": 598.3, "fair_value": 622.429487, "relative_strength": 1.480986, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.612099, "energy": 39.827432, "activity_lines": [ 587.666667, 594.563636, 598.790476, 598.698925 ] }, { "date": "2024-12-06", "close": 591.0, "volume": 7200, "typical_volume": 18655.0, "trend": 598.2, "fair_value": 622.403846, "relative_strength": -2.145351, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.187026, "energy": 42.889745, "activity_lines": [ 588.066667, 593.127273, 597.919048, 598.227957 ] }, { "date": "2024-12-13", "close": 594.0, "volume": 6600, "typical_volume": 17915.0, "trend": 597.833333, "fair_value": 622.403846, "relative_strength": -0.80999, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.454826, "energy": 18.444013, "activity_lines": [ 590.466667, 592.636364, 597.390476, 597.956989 ] }, { "date": "2024-12-20", "close": 558.0, "volume": 17500, "typical_volume": 17870.0, "trend": 596.1, "fair_value": 622.166667, "relative_strength": -2.226694, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.761608, "energy": 51.882886, "activity_lines": [ 580.6, 585.709091, 593.461905, 595.387097 ] }, { "date": "2024-12-27", "close": 558.0, "volume": 6800, "typical_volume": 16880.0, "trend": 594.8, "fair_value": 621.929487, "relative_strength": -2.879886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.882408, "energy": 70.936069, "activity_lines": [ 571.8, 579.454545, 589.752381, 592.929032 ] }, { "date": "2025-01-03", "close": 566.0, "volume": 6400, "typical_volume": 14815.0, "trend": 593.7, "fair_value": 621.74359, "relative_strength": -3.146958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.299766, "energy": 71.052946, "activity_lines": [ 567.666667, 575.727273, 586.952381, 591.070968 ] }, { "date": "2025-01-10", "close": 548.0, "volume": 44200, "typical_volume": 16845.0, "trend": 592.733333, "fair_value": 621.423077, "relative_strength": -5.091258, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.076106, "energy": 82.563554, "activity_lines": [ 559.2, 569.618182, 582.566667, 588.122581 ] }, { "date": "2025-01-17", "close": 545.0, "volume": 32200, "typical_volume": 18150.0, "trend": 591.733333, "fair_value": 621.012821, "relative_strength": -6.337064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.520105, "energy": 84.676208, "activity_lines": [ 552.6, 564.018182, 578.157143, 585.043011 ] }, { "date": "2025-01-24", "close": 551.0, "volume": 50900, "typical_volume": 20350.0, "trend": 590.366667, "fair_value": 620.679487, "relative_strength": -5.322455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.080542, "energy": 75.430272, "activity_lines": [ 551.266667, 560.327273, 574.580952, 582.415054 ] }, { "date": "2025-01-31", "close": 536.0, "volume": 1900, "typical_volume": 19340.0, "trend": 588.533333, "fair_value": 620.211538, "relative_strength": -7.012399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.576495, "energy": 82.411775, "activity_lines": [ 545.4, 554.327273, 569.842857, 578.907527 ] }, { "date": "2025-02-07", "close": 519.0, "volume": 19900, "typical_volume": 18200.0, "trend": 585.633333, "fair_value": 619.692308, "relative_strength": -4.92945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.820943, "energy": 91.233221, "activity_lines": [ 535.333333, 546.181818, 563.814286, 574.421505 ] }, { "date": "2025-02-14", "close": 518.0, "volume": 39400, "typical_volume": 17815.0, "trend": 582.8, "fair_value": 619.166667, "relative_strength": -3.499477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.372661, "energy": 89.389851, "activity_lines": [ 528.066667, 539.163636, 558.12381, 570.058065 ] }, { "date": "2025-02-21", "close": 530.0, "volume": 8700, "typical_volume": 17280.0, "trend": 580.466667, "fair_value": 618.685897, "relative_strength": -3.581671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.461417, "energy": 84.786294, "activity_lines": [ 526.8, 535.654545, 554.028571, 566.651613 ] }, { "date": "2025-02-28", "close": 479.0, "volume": 41100, "typical_volume": 18375.0, "trend": 576.3, "fair_value": 617.846154, "relative_strength": -5.356847, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.254358, "energy": 94.182895, "activity_lines": [ 509.533333, 524.036364, 545.409524, 560.105376 ] }, { "date": "2025-03-07", "close": 499.0, "volume": 28900, "typical_volume": 19370.0, "trend": 573.3, "fair_value": 617.096154, "relative_strength": -6.724197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.331329, "energy": 81.016801, "activity_lines": [ 503.733333, 517.490909, 539.247619, 555.11828 ] }, { "date": "2025-03-14", "close": 482.0, "volume": 1100, "typical_volume": 18515.0, "trend": 569.6, "fair_value": 616.198718, "relative_strength": -8.09516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.935561, "energy": 80.140566, "activity_lines": [ 494.733333, 508.927273, 532.028571, 549.227957 ] }, { "date": "2025-03-21", "close": 465.0, "volume": 28400, "typical_volume": 19675.0, "trend": 565.0, "fair_value": 615.147436, "relative_strength": -7.54897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.203135, "energy": 94.568194, "activity_lines": [ 482.533333, 498.8, 523.82381, 542.47957 ] }, { "date": "2025-03-28", "close": 472.0, "volume": 20100, "typical_volume": 19610.0, "trend": 560.733333, "fair_value": 614.211538, "relative_strength": -9.601236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.097, "energy": 84.739151, "activity_lines": [ 476.2, 491.454545, 516.957143, 536.47957 ] }, { "date": "2025-04-11", "close": 463.0, "volume": 61400, "typical_volume": 21990.0, "trend": 555.933333, "fair_value": 613.108974, "relative_strength": -7.652358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.288838, "energy": 73.408935, "activity_lines": [ 470.733333, 483.8, 509.795238, 530.174194 ] }, { "date": "2025-04-18", "close": 490.0, "volume": 60600, "typical_volume": 24555.0, "trend": 552.1, "fair_value": 612.173077, "relative_strength": -4.765449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.489887, "energy": 64.211438, "activity_lines": [ 475.333333, 482.654545, 505.733333, 525.92043 ] }, { "date": "2025-04-25", "close": 511.0, "volume": 25500, "typical_volume": 25440.0, "trend": 548.8, "fair_value": 611.217949, "relative_strength": -4.119958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.194334, "energy": 44.731318, "activity_lines": [ 487.533333, 486.163636, 504.138095, 523.268817 ] }, { "date": "2025-05-02", "close": 520.0, "volume": 48600, "typical_volume": 27510.0, "trend": 545.7, "fair_value": 610.352564, "relative_strength": -4.258013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.281072, "energy": 26.226176, "activity_lines": [ 500.8, 491.454545, 503.780952, 521.410753 ] }, { "date": "2025-05-09", "close": 532.0, "volume": 25200, "typical_volume": 28440.0, "trend": 543.433333, "fair_value": 609.570513, "relative_strength": -2.162643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.219974, "energy": 25.300705, "activity_lines": [ 514.4, 498.890909, 504.904762, 520.526882 ] }, { "date": "2025-05-16", "close": 535.0, "volume": 6700, "typical_volume": 27900.0, "trend": 541.433333, "fair_value": 608.730769, "relative_strength": -5.205619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.982823, "energy": 24.811575, "activity_lines": [ 525.0, 506.836364, 506.609524, 519.982796 ] }, { "date": "2025-05-23", "close": 546.0, "volume": 19800, "typical_volume": 28550.0, "trend": 539.066667, "fair_value": 608.121795, "relative_strength": -4.538271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 12.840462, "energy": 32.293478, "activity_lines": [ 534.466667, 515.763636, 509.471429, 520.277419 ] }, { "date": "2025-05-30", "close": 559.0, "volume": 12500, "typical_volume": 28855.0, "trend": 537.2, "fair_value": 607.551282, "relative_strength": -1.586549, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.817213, "energy": 47.911998, "activity_lines": [ 544.533333, 526.2, 513.628571, 521.563441 ] }, { "date": "2025-06-06", "close": 572.0, "volume": 35200, "typical_volume": 28405.0, "trend": 536.066667, "fair_value": 607.019231, "relative_strength": 1.714725, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.333266, "energy": 70.465102, "activity_lines": [ 555.733333, 537.6, 519.057143, 523.808602 ] }, { "date": "2025-06-13", "close": 581.0, "volume": 62000, "typical_volume": 29895.0, "trend": 535.766667, "fair_value": 606.429487, "relative_strength": 2.700123, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.834477, "energy": 75.219696, "activity_lines": [ 566.466667, 548.690909, 525.228571, 526.707527 ] }, { "date": "2025-06-20", "close": 561.0, "volume": 4800, "typical_volume": 27590.0, "trend": 535.333333, "fair_value": 605.782051, "relative_strength": 2.993949, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.298248, "energy": 68.318392, "activity_lines": [ 567.266667, 554.163636, 529.32381, 528.335484 ] }, { "date": "2025-06-27", "close": 563.0, "volume": 14600, "typical_volume": 28225.0, "trend": 534.5, "fair_value": 605.294872, "relative_strength": 3.556329, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.285987, "energy": 61.24613, "activity_lines": [ 567.0, 558.218182, 533.561905, 530.12043 ] }, { "date": "2025-07-04", "close": 577.0, "volume": 32300, "typical_volume": 28845.0, "trend": 534.033333, "fair_value": 604.833333, "relative_strength": 6.623193, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.300148, "energy": 55.460622, "activity_lines": [ 570.266667, 563.490909, 539.004762, 532.862366 ] }, { "date": "2025-07-11", "close": 587.0, "volume": 272000, "typical_volume": 40475.0, "trend": 533.9, "fair_value": 604.557692, "relative_strength": 5.619305, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 77.461008, "energy": 73.030423, "activity_lines": [ 575.666667, 569.381818, 545.12381, 536.27957 ] }, { "date": "2025-07-18", "close": 600.0, "volume": 36300, "typical_volume": 41855.0, "trend": 534.1, "fair_value": 604.384615, "relative_strength": 4.069801, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.322355, "energy": 88.606185, "activity_lines": [ 584.4, 576.418182, 552.152381, 540.544086 ] }, { "date": "2025-07-25", "close": 612.0, "volume": 311800, "typical_volume": 55390.0, "trend": 535.9, "fair_value": 604.275641, "relative_strength": 2.930874, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.279029, "energy": 92.909201, "activity_lines": [ 595.866667, 584.4, 559.990476, 545.569892 ] }, { "date": "2025-08-01", "close": 628.0, "volume": 22000, "typical_volume": 55045.0, "trend": 538.233333, "fair_value": 604.108974, "relative_strength": 5.676748, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.275991, "energy": 95.389411, "activity_lines": [ 609.266667, 593.890909, 568.719048, 551.511828 ] }, { "date": "2025-08-08", "close": 620.0, "volume": 16200, "typical_volume": 55800.0, "trend": 540.033333, "fair_value": 603.884615, "relative_strength": 4.4001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.674259, "energy": 90.709158, "activity_lines": [ 615.666667, 600.436364, 576.071429, 556.787097 ] }, { "date": "2025-08-15", "close": 625.0, "volume": 54400, "typical_volume": 57100.0, "trend": 542.6, "fair_value": 603.589744, "relative_strength": 0.428521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.8324, "energy": 88.782262, "activity_lines": [ 620.866667, 606.781818, 583.242857, 562.268817 ] }, { "date": "2025-08-22", "close": 635.0, "volume": 27000, "typical_volume": 57445.0, "trend": 545.6, "fair_value": 603.237179, "relative_strength": 2.523226, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.676017, "energy": 84.199749, "activity_lines": [ 626.866667, 613.981818, 590.604762, 568.230108 ] }, { "date": "2025-08-29", "close": 608.0, "volume": 45000, "typical_volume": 56625.0, "trend": 547.5, "fair_value": 602.807692, "relative_strength": -1.425625, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.579835, "energy": 64.510367, "activity_lines": [ 621.533333, 615.290909, 594.619048, 572.255914 ] }, { "date": "2025-09-05", "close": 621.0, "volume": 12400, "typical_volume": 54215.0, "trend": 550.333333, "fair_value": 602.49359, "relative_strength": 0.192924, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.090126, "energy": 62.951022, "activity_lines": [ 620.8, 618.109091, 599.180952, 576.997849 ] }, { "date": "2025-09-12", "close": 620.0, "volume": 13400, "typical_volume": 53610.0, "trend": 553.7, "fair_value": 602.076923, "relative_strength": 0.192706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.927266, "energy": 57.371584, "activity_lines": [ 620.2, 619.690909, 603.02381, 581.492473 ] }, { "date": "2025-09-19", "close": 643.0, "volume": 46500, "typical_volume": 53505.0, "trend": 557.866667, "fair_value": 601.769231, "relative_strength": 1.306392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.49452, "energy": 61.788023, "activity_lines": [ 627.266667, 624.672727, 608.538095, 587.253763 ] }, { "date": "2025-09-26", "close": 651.0, "volume": 38600, "typical_volume": 54175.0, "trend": 561.9, "fair_value": 601.570513, "relative_strength": 1.916556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.23635, "energy": 66.019648, "activity_lines": [ 635.8, 630.090909, 614.228571, 593.262366 ] }, { "date": "2025-10-03", "close": 657.0, "volume": 30400, "typical_volume": 55360.0, "trend": 567.833333, "fair_value": 601.326923, "relative_strength": 2.583396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.804993, "energy": 68.002804, "activity_lines": [ 645.266667, 635.672727, 619.92381, 599.397849 ] }, { "date": "2025-10-10", "close": 676.0, "volume": 28900, "typical_volume": 55815.0, "trend": 573.733333, "fair_value": 601.371795, "relative_strength": 3.720226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.037306, "energy": 84.543699, "activity_lines": [ 657.8, 643.890909, 626.847619, 606.376344 ] }, { "date": "2025-10-17", "close": 660.0, "volume": 143300, "typical_volume": 62355.0, "trend": 579.666667, "fair_value": 601.24359, "relative_strength": 5.533514, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.504752, "energy": 72.484409, "activity_lines": [ 661.333333, 648.327273, 631.628571, 611.941935 ] }, { "date": "2025-10-24", "close": 690.0, "volume": 70500, "typical_volume": 64120.0, "trend": 587.166667, "fair_value": 601.410256, "relative_strength": 5.480875, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.135317, "energy": 77.281528, "activity_lines": [ 672.2, 657.490909, 638.785714, 619.060215 ] }, { "date": "2025-10-31", "close": 673.0, "volume": 37400, "typical_volume": 62890.0, "trend": 593.866667, "fair_value": 601.391026, "relative_strength": 4.17756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.887, "energy": 61.973078, "activity_lines": [ 674.266667, 662.381818, 643.761905, 624.597849 ] }, { "date": "2025-11-07", "close": 689.0, "volume": 19600, "typical_volume": 63630.0, "trend": 601.4, "fair_value": 601.448718, "relative_strength": 3.689435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.768134, "energy": 63.493837, "activity_lines": [ 680.2, 669.490909, 649.82381, 630.735484 ] }, { "date": "2025-11-14", "close": 697.0, "volume": 34800, "typical_volume": 64640.0, "trend": 608.3, "fair_value": 601.608974, "relative_strength": 5.137181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.981107, "energy": 65.879452, "activity_lines": [ 686.666667, 676.581818, 656.038095, 636.903226 ] }, { "date": "2025-11-21", "close": 665.0, "volume": 49200, "typical_volume": 65485.0, "trend": 613.433333, "fair_value": 601.512821, "relative_strength": -0.186125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.220282, "energy": 50.625806, "activity_lines": [ 681.066667, 676.472727, 658.566667, 640.56129 ] }, { "date": "2025-11-28", "close": 685.0, "volume": 114400, "typical_volume": 57605.0, "trend": 618.933333, "fair_value": 601.570513, "relative_strength": 1.705574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.97005, "energy": 48.357627, "activity_lines": [ 681.8, 679.181818, 662.580952, 645.178495 ] }, { "date": "2025-12-05", "close": 690.0, "volume": 49200, "typical_volume": 58250.0, "trend": 624.2, "fair_value": 601.730769, "relative_strength": 1.052949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.3263, "energy": 45.461676, "activity_lines": [ 684.533333, 682.036364, 666.604762, 649.763441 ] }, { "date": "2025-12-12", "close": 700.0, "volume": 33000, "typical_volume": 44310.0, "trend": 629.7, "fair_value": 601.923077, "relative_strength": 2.169868, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.936358, "energy": 39.945983, "activity_lines": [ 689.466667, 686.0, 671.152381, 654.653763 ] }, { "date": "2025-12-19", "close": 688.0, "volume": 87300, "typical_volume": 47575.0, "trend": 634.433333, "fair_value": 602.185897, "relative_strength": 1.041687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.770528, "energy": 37.903538, "activity_lines": [ 689.666667, 687.0, 674.138095, 658.415054 ] }, { "date": "2025-12-26", "close": 687.0, "volume": 39900, "typical_volume": 48760.0, "trend": 638.7, "fair_value": 602.391026, "relative_strength": 1.727404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.12358, "energy": 33.314065, "activity_lines": [ 690.133333, 687.6, 676.742857, 661.806452 ] }, { "date": "2026-01-02", "close": 700.0, "volume": 36200, "typical_volume": 47850.0, "trend": 642.966667, "fair_value": 602.679487, "relative_strength": 1.14394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.665172, "energy": 31.458401, "activity_lines": [ 693.466667, 690.072727, 680.266667, 665.76129 ] }, { "date": "2026-01-09", "close": 710.0, "volume": 49000, "typical_volume": 48950.0, "trend": 647.266667, "fair_value": 603.032051, "relative_strength": 0.412698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.202497, "energy": 31.543807, "activity_lines": [ 699.133333, 694.181818, 684.385714, 670.086022 ] }, { "date": "2026-01-16", "close": 726.0, "volume": 50200, "typical_volume": 49210.0, "trend": 652.766667, "fair_value": 603.641026, "relative_strength": 1.040748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.846318, "energy": 36.278675, "activity_lines": [ 708.8, 700.527273, 689.671429, 675.165591 ] }, { "date": "2026-01-23", "close": 720.0, "volume": 59400, "typical_volume": 51560.0, "trend": 658.0, "fair_value": 604.147436, "relative_strength": 1.493197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.295807, "energy": 34.849985, "activity_lines": [ 714.733333, 705.109091, 693.82381, 679.503226 ] }, { "date": "2026-01-30", "close": 665.0, "volume": 96000, "typical_volume": 55690.0, "trend": 660.933333, "fair_value": 604.307692, "relative_strength": 0.661489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.529002, "energy": 22.002761, "activity_lines": [ 700.2, 699.272727, 692.266667, 679.954839 ] }, { "date": "2026-02-06", "close": 638.0, "volume": 123800, "typical_volume": 59555.0, "trend": 662.633333, "fair_value": 604.262821, "relative_strength": 1.250914, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 15.389003, "energy": 8.423972, "activity_lines": [ 678.133333, 688.527273, 687.92381, 678.475269 ] }, { "date": "2026-02-13", "close": 676.0, "volume": 48300, "typical_volume": 60040.0, "trend": 665.166667, "fair_value": 604.461538, "relative_strength": 3.528828, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.956384, "energy": 12.257762, "activity_lines": [ 672.866667, 685.545455, 687.22381, 679.337634 ] }, { "date": "2026-02-20", "close": 685.0, "volume": 33400, "typical_volume": 60190.0, "trend": 667.6, "fair_value": 604.75641, "relative_strength": 4.032305, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.310203, "energy": 13.429508, "activity_lines": [ 672.866667, 684.454545, 687.261905, 680.617204 ] }, { "date": "2026-02-27", "close": 685.0, "volume": 103800, "typical_volume": 63935.0, "trend": 669.5, "fair_value": 605.108974, "relative_strength": 4.357757, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.163772, "energy": 10.757258, "activity_lines": [ 675.6, 683.636364, 687.166667, 681.739785 ] }, { "date": "2026-03-06", "close": 620.0, "volume": 241600, "typical_volume": 68850.0, "trend": 669.5, "fair_value": 605.032051, "relative_strength": 2.414264, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.656373, "energy": 20.404806, "activity_lines": [ 659.0, 671.054545, 680.838095, 678.546237 ] }, { "date": "2026-03-13", "close": 583.0, "volume": 235600, "typical_volume": 77105.0, "trend": 668.1, "fair_value": 604.730769, "relative_strength": 2.193936, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.798986, "energy": 41.62428, "activity_lines": [ 633.066667, 652.963636, 671.17619, 672.965591 ] }, { "date": "2026-03-20", "close": 585.0, "volume": 50400, "typical_volume": 77755.0, "trend": 666.433333, "fair_value": 604.467949, "relative_strength": 2.776564, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.802192, "energy": 48.460732, "activity_lines": [ 611.466667, 637.363636, 662.214286, 667.604301 ] }, { "date": "2026-03-27", "close": 588.0, "volume": 120200, "typical_volume": 82785.0, "trend": 665.766667, "fair_value": 604.262821, "relative_strength": 3.234109, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.253031, "energy": 63.23032, "activity_lines": [ 596.933333, 624.581818, 653.957143, 662.544086 ] }, { "date": "2026-04-03", "close": 599.0, "volume": 63400, "typical_volume": 84215.0, "trend": 665.033333, "fair_value": 604.141026, "relative_strength": 5.893641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.317267, "energy": 63.494827, "activity_lines": [ 592.533333, 616.309091, 647.228571, 658.236559 ] }, { "date": "2026-04-10", "close": 627.0, "volume": 24000, "typical_volume": 82955.0, "trend": 665.266667, "fair_value": 604.121795, "relative_strength": 4.175632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.2057, "energy": 47.716854, "activity_lines": [ 603.2, 615.327273, 643.633333, 655.782796 ] }, { "date": "2026-04-17", "close": 641.0, "volume": 89600, "typical_volume": 81715.0, "trend": 665.2, "fair_value": 604.147436, "relative_strength": 3.858703, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.015467, "energy": 24.641684, "activity_lines": [ 618.066667, 617.581818, 641.552381, 654.217204 ] }, { "date": "2026-04-24", "close": 615.0, "volume": 45900, "typical_volume": 81550.0, "trend": 664.0, "fair_value": 604.019231, "relative_strength": 6.45048, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.983046, "energy": 20.62497, "activity_lines": [ 620.4, 615.054545, 637.204762, 650.978495 ] }, { "date": "2026-05-01", "close": 597.0, "volume": 49400, "typical_volume": 82370.0, "trend": 662.0, "fair_value": 603.769231, "relative_strength": 5.661152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.218817, "energy": 23.118309, "activity_lines": [ 614.733333, 610.363636, 631.5, 646.655914 ] }, { "date": "2026-05-08", "close": 602.0, "volume": 92500, "typical_volume": 82630.0, "trend": 659.533333, "fair_value": 603.532051, "relative_strength": 6.139515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.773748, "energy": 25.469206, "activity_lines": [ 610.133333, 608.181818, 626.761905, 642.784946 ] }, { "date": "2026-05-15", "close": 598.0, "volume": 235000, "typical_volume": 92385.0, "trend": 657.466667, "fair_value": 603.358974, "relative_strength": 8.941519, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.579691, "energy": 41.052816, "activity_lines": [ 604.0, 606.781818, 622.052381, 638.815054 ] }, { "date": "2026-05-22", "close": 524.0, "volume": 200600, "typical_volume": 100605.0, "trend": 651.933333, "fair_value": 602.717949, "relative_strength": 3.926619, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.275871, "energy": 62.468311, "activity_lines": [ 575.133333, 592.327273, 610.719048, 630.204301 ] }, { "date": "2026-05-29", "close": 534.0, "volume": 7700, "typical_volume": 98540.0, "trend": 647.3, "fair_value": 602.198718, "relative_strength": 6.278079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.83161, "energy": 66.991031, "activity_lines": [ 557.4, 580.763636, 601.17619, 622.595699 ] }, { "date": "2026-06-05", "close": 473.0, "volume": 107100, "typical_volume": 101385.0, "trend": 640.1, "fair_value": 601.320513, "relative_strength": 2.9997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.586523, "energy": 77.179256, "activity_lines": [ 524.733333, 559.036364, 586.661905, 611.350538 ] }, { "date": "2026-06-12", "close": 499.0, "volume": 5000, "typical_volume": 98665.0, "trend": 633.5, "fair_value": 600.596154, "relative_strength": 1.14638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.08061, "energy": 77.66738, "activity_lines": [ 509.0, 544.127273, 575.828571, 602.247312 ] }, { "date": "2026-06-19", "close": 515.0, "volume": 47800, "typical_volume": 96255.0, "trend": 628.5, "fair_value": 599.987179, "relative_strength": 1.474265, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.890708, "energy": 74.841134, "activity_lines": [ 505.466667, 533.945455, 567.571429, 594.602151 ] }, { "date": "2026-06-26", "close": 480.0, "volume": 7700, "typical_volume": 90450.0, "trend": 621.666667, "fair_value": 599.089744, "relative_strength": -0.909527, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.443237, "energy": 77.205084, "activity_lines": [ 495.8, 519.436364, 556.695238, 585.021505 ] }, { "date": "2026-07-03", "close": 491.0, "volume": 1400, "typical_volume": 88105.0, "trend": 615.033333, "fair_value": 598.275641, "relative_strength": 1.723937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.820636, "energy": 65.420738, "activity_lines": [ 492.733333, 509.854545, 547.619048, 576.591398 ] }, { "date": "2026-07-10", "close": 491.0, "volume": 90100, "typical_volume": 90940.0, "trend": 608.066667, "fair_value": 597.480769, "relative_strength": 0.899587, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.462831, "energy": 51.112615, "activity_lines": [ 492.533333, 502.527273, 539.42381, 568.589247 ] }, { "date": "2026-07-17", "close": 517.0, "volume": 170800, "typical_volume": 94290.0, "trend": 602.366667, "fair_value": 596.788462, "relative_strength": 1.881788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.446753, "energy": 44.986519, "activity_lines": [ 499.8, 501.854545, 534.628571, 562.713978 ] }, { "date": "2026-07-24", "close": 523.0, "volume": 70800, "typical_volume": 85750.0, "trend": 596.9, "fair_value": 596.128205, "relative_strength": 2.637981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.335872, "energy": 33.1209, "activity_lines": [ 507.866667, 503.818182, 531.204762, 557.593548 ] }, { "date": "2026-07-31", "close": 520.0, "volume": 51900, "typical_volume": 76565.0, "trend": 590.9, "fair_value": 595.487179, "relative_strength": 1.397954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.57812, "energy": 26.020932, "activity_lines": [ 514.4, 506.6, 527.957143, 552.632258 ] }, { "date": "2026-08-07", "close": 543.0, "volume": 63000, "typical_volume": 77195.0, "trend": 585.333333, "fair_value": 594.99359, "relative_strength": 2.958148, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.813994, "energy": 20.244313, "activity_lines": [ 525.933333, 513.636364, 527.2, 549.541935 ] } ], "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." } } }