{ "ticker": { "uuid": "62b79b5e-6387-4abd-bf42-a7d11db7c83f", "symbol": "XILV", "name": "Insight ETF FTSE Indo Low Vol Factor Idx", "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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 84.272, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -34.397, "architecture_energy": 17.205, "architecture_maturity": 12.98, "architecture_confidence": 68.163, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 44.66, "rotation_up": 18.74, "upward_expansion": 9.3, "deceleration": 52.84, "rotation_down": 45.7, "downward_expansion": 68.3 }, "activity_lines": [ 102.266667, 104.0, 103.385714, 106.045161 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 102.0, "trend_reference": 110.7, "distance_from_trend": -0.078591, "trend_direction": "Weakening", "fair_value": 126.262821, "distance_from_fair_value": -0.192161, "fair_value_direction": "Improving", "relative_strength": 4.196399, "relative_strength_direction": "Improving", "price_momentum": -0.097345, "excess_performance": 0.094911, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.078591, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.058673, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.192161, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.018905, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.041964, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.090129, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.097345, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.685759, "read": "Supply-led" } ], "volume": { "latest": 23300, "relative_activity": 0.076763, "balance": 0.685759, "dry_up": 0.54278, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.209653, "annualized_volatility": 0.86725, "from_high_reference": -0.504854, "from_low_reference": 0.259259 }, "levels": { "trend_reference": 110.7, "fair_value_reference": 126.262821, "structural_low": 84.0, "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": 16, "median_return": -0.016489, "positive_rate": 0.4375, "directional_follow_through": 0.4375, "median_excess_return": -0.008352, "regime_survival": 0.6875, "best_return": 0.216981, "worst_return": -0.177419, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.007463, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.026684, "regime_survival": 0.428571, "best_return": 0.071429, "worst_return": -0.131579, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.04516, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.06333, "regime_survival": 0.25, "best_return": 0.076923, "worst_return": -0.074627, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.038347, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.036657, "regime_survival": 0.0, "best_return": 0.069231, "worst_return": 0.007463, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-17", "end": "2024-06-14", "tenure": "Developing", "return": -0.043165, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-21", "end": "2024-08-02", "tenure": "Developing", "return": 0.0625, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.059701, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-10-18", "tenure": "Developing", "return": 0.021127, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-11-15", "tenure": "New", "return": -0.097222, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2025-01-03", "tenure": "Developing", "return": -0.076923, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-10", "end": "2025-05-16", "tenure": "Established", "return": -0.040323, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": -0.094488, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-04", "end": "2025-08-01", "tenure": "Developing", "return": 0.086207, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-09-05", "tenure": "Developing", "return": -0.230263, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-12", "end": "2026-05-29", "tenure": "Extended", "return": -0.107143, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-07-17", "tenure": "Developing", "return": 0.119565, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.019231, "active": true } ], "chart_path": [ { "date": "2023-08-04", "close": 139.0, "volume": 2100, "typical_volume": 14165.0, "trend": 134.066667, "fair_value": 118.711538, "relative_strength": 5.094196, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.499407, "energy": 30.643089, "activity_lines": [ 139.666667, 139.690909, 138.633333, 136.709677 ] }, { "date": "2023-08-11", "close": 143.0, "volume": 4900, "typical_volume": 14335.0, "trend": 134.7, "fair_value": 118.974359, "relative_strength": 7.434046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.400898, "energy": 43.092202, "activity_lines": [ 140.8, 140.272727, 139.2, 137.286022 ] }, { "date": "2023-08-18", "close": 141.0, "volume": 1100, "typical_volume": 11875.0, "trend": 135.133333, "fair_value": 119.192308, "relative_strength": 5.970774, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.006413, "energy": 35.535293, "activity_lines": [ 141.0, 140.418182, 139.490476, 137.692473 ] }, { "date": "2023-08-25", "close": 142.0, "volume": 6300, "typical_volume": 12105.0, "trend": 135.633333, "fair_value": 119.410256, "relative_strength": 5.908432, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.01184, "energy": 37.55803, "activity_lines": [ 141.4, 140.781818, 139.842857, 138.135484 ] }, { "date": "2023-09-01", "close": 141.0, "volume": 284500, "typical_volume": 26245.0, "trend": 136.033333, "fair_value": 119.628205, "relative_strength": 3.708749, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.358641, "energy": 36.794614, "activity_lines": [ 141.4, 140.909091, 140.061905, 138.48172 ] }, { "date": "2023-09-08", "close": 137.0, "volume": 169300, "typical_volume": 34680.0, "trend": 136.2, "fair_value": 119.826923, "relative_strength": 1.3801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.026868, "energy": 14.922738, "activity_lines": [ 140.0, 140.272727, 139.87619, 138.544086 ] }, { "date": "2023-09-15", "close": 139.0, "volume": 800, "typical_volume": 30770.0, "trend": 136.466667, "fair_value": 120.076923, "relative_strength": 1.869678, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.841885, "energy": 14.631119, "activity_lines": [ 139.4, 140.054545, 139.866667, 138.724731 ] }, { "date": "2023-09-22", "close": 141.0, "volume": 400, "typical_volume": 29505.0, "trend": 136.766667, "fair_value": 120.339744, "relative_strength": 2.661524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.470846, "energy": 17.252167, "activity_lines": [ 139.733333, 140.2, 140.028571, 139.017204 ] }, { "date": "2023-09-29", "close": 138.0, "volume": 200, "typical_volume": 29470.0, "trend": 137.133333, "fair_value": 120.615385, "relative_strength": 1.47799, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.288395, "energy": 10.590596, "activity_lines": [ 139.066667, 139.763636, 139.885714, 139.096774 ] }, { "date": "2023-10-06", "close": 139.0, "volume": 800, "typical_volume": 29370.0, "trend": 137.566667, "fair_value": 120.897436, "relative_strength": 2.77769, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.445611, "energy": 9.209781, "activity_lines": [ 139.0, 139.563636, 139.828571, 139.217204 ] }, { "date": "2023-10-13", "close": 139.0, "volume": 2600, "typical_volume": 29335.0, "trend": 138.033333, "fair_value": 121.179487, "relative_strength": 2.096278, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.786858, "energy": 7.297452, "activity_lines": [ 139.066667, 139.381818, 139.757143, 139.309677 ] }, { "date": "2023-10-20", "close": 131.0, "volume": 7000, "typical_volume": 25060.0, "trend": 138.233333, "fair_value": 121.403846, "relative_strength": -2.773818, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.099923, "energy": 44.582563, "activity_lines": [ 136.333333, 137.745455, 138.909524, 138.855914 ] }, { "date": "2023-10-27", "close": 132.0, "volume": 5600, "typical_volume": 25140.0, "trend": 138.166667, "fair_value": 121.634615, "relative_strength": -0.760222, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.331694, "energy": 57.276818, "activity_lines": [ 134.466667, 136.509091, 138.195238, 138.453763 ] }, { "date": "2023-11-03", "close": 131.0, "volume": 100, "typical_volume": 25110.0, "trend": 138.066667, "fair_value": 121.871795, "relative_strength": -1.988229, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.649533, "energy": 75.31812, "activity_lines": [ 132.866667, 135.254545, 137.438095, 137.991398 ] }, { "date": "2023-11-10", "close": 134.0, "volume": 1500, "typical_volume": 25110.0, "trend": 138.0, "fair_value": 122.00641, "relative_strength": -0.133801, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.483762, "energy": 72.404936, "activity_lines": [ 132.733333, 134.745455, 137.004762, 137.729032 ] }, { "date": "2023-11-17", "close": 134.0, "volume": 7100, "typical_volume": 25455.0, "trend": 138.0, "fair_value": 122.185897, "relative_strength": -2.584421, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.36202, "energy": 62.920961, "activity_lines": [ 132.933333, 134.363636, 136.595238, 137.470968 ] }, { "date": "2023-11-24", "close": 132.0, "volume": 2000, "typical_volume": 25380.0, "trend": 137.9, "fair_value": 122.320513, "relative_strength": -4.473571, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.207623, "energy": 53.023383, "activity_lines": [ 132.8, 133.672727, 136.02381, 137.083871 ] }, { "date": "2023-12-01", "close": 132.0, "volume": 4400, "typical_volume": 25440.0, "trend": 137.733333, "fair_value": 122.429487, "relative_strength": -5.10434, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.414555, "energy": 41.556572, "activity_lines": [ 132.6, 133.109091, 135.485714, 136.703226 ] }, { "date": "2023-12-08", "close": 129.0, "volume": 63000, "typical_volume": 28530.0, "trend": 137.5, "fair_value": 122.557692, "relative_strength": -8.445812, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.221545, "energy": 48.477244, "activity_lines": [ 131.4, 132.163636, 134.695238, 136.139785 ] }, { "date": "2023-12-15", "close": 134.0, "volume": 4500, "typical_volume": 28410.0, "trend": 137.433333, "fair_value": 122.685897, "relative_strength": -5.270774, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.900284, "energy": 39.456896, "activity_lines": [ 132.0, 132.290909, 134.438095, 135.913978 ] }, { "date": "2023-12-22", "close": 139.0, "volume": 4300, "typical_volume": 28520.0, "trend": 137.533333, "fair_value": 122.852564, "relative_strength": -2.37642, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.91099, "energy": 14.462648, "activity_lines": [ 134.266667, 133.418182, 134.685714, 136.015054 ] }, { "date": "2023-12-29", "close": 139.0, "volume": 4000, "typical_volume": 28475.0, "trend": 137.533333, "fair_value": 123.038462, "relative_strength": -2.862865, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.312319, "energy": 13.701529, "activity_lines": [ 136.2, 134.545455, 134.933333, 136.109677 ] }, { "date": "2024-01-05", "close": 143.0, "volume": 62200, "typical_volume": 31530.0, "trend": 137.533333, "fair_value": 123.224359, "relative_strength": -1.18396, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.846084, "energy": 34.670078, "activity_lines": [ 139.0, 136.254545, 135.580952, 136.462366 ] }, { "date": "2024-01-12", "close": 141.0, "volume": 3000, "typical_volume": 31365.0, "trend": 137.6, "fair_value": 123.384615, "relative_strength": -1.170343, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.352024, "energy": 35.426347, "activity_lines": [ 140.4, 137.4, 136.028571, 136.686022 ] }, { "date": "2024-01-19", "close": 142.0, "volume": 1200, "typical_volume": 17200.0, "trend": 137.7, "fair_value": 123.564103, "relative_strength": -0.380318, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.617919, "energy": 54.973171, "activity_lines": [ 141.333333, 138.545455, 136.57619, 136.969892 ] }, { "date": "2024-01-26", "close": 138.0, "volume": 3800, "typical_volume": 8925.0, "trend": 137.633333, "fair_value": 123.705128, "relative_strength": -2.049957, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.005626, "energy": 51.084725, "activity_lines": [ 140.4, 138.818182, 136.738095, 136.989247 ] }, { "date": "2024-02-02", "close": 140.0, "volume": 1800, "typical_volume": 8975.0, "trend": 137.666667, "fair_value": 123.891026, "relative_strength": -2.090939, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 20.5254, "energy": 27.795564, "activity_lines": [ 140.2, 139.381818, 137.085714, 137.141935 ] }, { "date": "2024-02-09", "close": 140.0, "volume": 0, "typical_volume": 8955.0, "trend": 137.7, "fair_value": 124.076923, "relative_strength": -2.05749, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.093, "energy": 23.550145, "activity_lines": [ 139.933333, 139.8, 137.428571, 137.292473 ] }, { "date": "2024-02-16", "close": 143.0, "volume": 3100, "typical_volume": 9100.0, "trend": 137.766667, "fair_value": 124.262821, "relative_strength": -1.375565, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.726251, "energy": 28.733141, "activity_lines": [ 140.866667, 140.618182, 138.061905, 137.634409 ] }, { "date": "2024-02-23", "close": 146.0, "volume": 18900, "typical_volume": 10005.0, "trend": 137.966667, "fair_value": 124.474359, "relative_strength": 1.176808, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 77.201847, "energy": 58.878783, "activity_lines": [ 142.666667, 141.727273, 138.957143, 138.165591 ] }, { "date": "2024-03-01", "close": 144.0, "volume": 4100, "typical_volume": 10080.0, "trend": 138.133333, "fair_value": 124.679487, "relative_strength": -0.540616, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.898963, "energy": 61.720859, "activity_lines": [ 143.533333, 142.254545, 139.628571, 138.554839 ] }, { "date": "2024-03-08", "close": 145.0, "volume": 3600, "typical_volume": 9910.0, "trend": 138.2, "fair_value": 124.884615, "relative_strength": -0.897611, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.296113, "energy": 73.786674, "activity_lines": [ 144.333333, 142.872727, 140.371429, 138.997849 ] }, { "date": "2024-03-15", "close": 145.0, "volume": 0, "typical_volume": 9630.0, "trend": 138.333333, "fair_value": 125.096154, "relative_strength": -0.2728, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.618303, "energy": 76.488704, "activity_lines": [ 144.8, 143.381818, 141.047619, 139.436559 ] }, { "date": "2024-03-22", "close": 148.0, "volume": 500300, "typical_volume": 34640.0, "trend": 138.533333, "fair_value": 125.333333, "relative_strength": 1.322391, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.626125, "energy": 88.274269, "activity_lines": [ 145.933333, 144.4, 141.947619, 140.060215 ] }, { "date": "2024-03-29", "close": 148.0, "volume": 200, "typical_volume": 34575.0, "trend": 138.766667, "fair_value": 125.576923, "relative_strength": 2.114347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.243182, "energy": 89.21085, "activity_lines": [ 146.733333, 145.290909, 142.766667, 140.670968 ] }, { "date": "2024-04-05", "close": 147.0, "volume": 70200, "typical_volume": 37730.0, "trend": 139.1, "fair_value": 125.846154, "relative_strength": 1.407488, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.822227, "energy": 84.618947, "activity_lines": [ 147.066667, 145.890909, 143.42381, 141.202151 ] }, { "date": "2024-04-19", "close": 139.0, "volume": 212700, "typical_volume": 48265.0, "trend": 139.1, "fair_value": 126.044872, "relative_strength": -1.3795, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 31.812813, "energy": 34.619242, "activity_lines": [ 144.533333, 144.872727, 143.257143, 141.195699 ] }, { "date": "2024-04-26", "close": 138.0, "volume": 75600, "typical_volume": 51825.0, "trend": 139.0, "fair_value": 126.237179, "relative_strength": -1.373112, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 10.392976, "energy": 16.481048, "activity_lines": [ 142.066667, 143.690909, 142.961905, 141.124731 ] }, { "date": "2024-05-03", "close": 135.0, "volume": 9200, "typical_volume": 49135.0, "trend": 138.9, "fair_value": 126.403846, "relative_strength": -4.796036, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.643372, "energy": 32.67497, "activity_lines": [ 139.066667, 142.0, 142.352381, 140.866667 ] }, { "date": "2024-05-10", "close": 135.0, "volume": 2000, "typical_volume": 49010.0, "trend": 138.766667, "fair_value": 126.576923, "relative_strength": -4.073419, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.953782, "energy": 45.919164, "activity_lines": [ 136.933333, 140.454545, 141.714286, 140.615054 ] }, { "date": "2024-05-17", "close": 139.0, "volume": 3200, "typical_volume": 48955.0, "trend": 138.766667, "fair_value": 126.794872, "relative_strength": -4.196023, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.257594, "energy": 37.751707, "activity_lines": [ 137.0, 139.836364, 141.452381, 140.630108 ] }, { "date": "2024-05-24", "close": 134.0, "volume": 1400, "typical_volume": 48825.0, "trend": 138.866667, "fair_value": 126.987179, "relative_strength": -6.270737, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.287752, "energy": 54.402271, "activity_lines": [ 135.933333, 138.4, 140.714286, 140.322581 ] }, { "date": "2024-05-31", "close": 129.0, "volume": 8200, "typical_volume": 46125.0, "trend": 138.766667, "fair_value": 127.147436, "relative_strength": -6.344002, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.859379, "energy": 67.976361, "activity_lines": [ 133.533333, 136.254545, 139.52381, 139.686022 ] }, { "date": "2024-06-07", "close": 128.0, "volume": 600, "typical_volume": 46005.0, "trend": 138.666667, "fair_value": 127.301282, "relative_strength": -5.869686, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.567943, "energy": 68.185811, "activity_lines": [ 131.4, 134.218182, 138.304762, 138.991398 ] }, { "date": "2024-06-14", "close": 133.0, "volume": 2100, "typical_volume": 46050.0, "trend": 138.633333, "fair_value": 127.461538, "relative_strength": 0.33418, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.845827, "energy": 70.899679, "activity_lines": [ 131.4, 133.454545, 137.62381, 138.625806 ] }, { "date": "2024-06-21", "close": 128.0, "volume": 500, "typical_volume": 45885.0, "trend": 138.433333, "fair_value": 127.576923, "relative_strength": -5.276323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.413677, "energy": 74.207959, "activity_lines": [ 129.866667, 132.054545, 136.509524, 137.939785 ] }, { "date": "2024-06-28", "close": 130.0, "volume": 2600, "typical_volume": 45925.0, "trend": 138.366667, "fair_value": 127.75, "relative_strength": -6.064107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.45264, "energy": 56.447727, "activity_lines": [ 129.733333, 131.363636, 135.633333, 137.395699 ] }, { "date": "2024-07-05", "close": 135.0, "volume": 3400, "typical_volume": 46095.0, "trend": 138.466667, "fair_value": 127.942308, "relative_strength": -4.779095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.577051, "energy": 37.836778, "activity_lines": [ 131.533333, 131.745455, 135.280952, 137.178495 ] }, { "date": "2024-07-12", "close": 137.0, "volume": 1200, "typical_volume": 46000.0, "trend": 138.733333, "fair_value": 128.160256, "relative_strength": -4.158534, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.241998, "energy": 25.357587, "activity_lines": [ 133.6, 132.545455, 135.142857, 137.083871 ] }, { "date": "2024-07-19", "close": 136.0, "volume": 100, "typical_volume": 45060.0, "trend": 138.8, "fair_value": 128.378205, "relative_strength": -4.276545, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.727756, "energy": 23.651063, "activity_lines": [ 134.733333, 133.127273, 134.938095, 136.907527 ] }, { "date": "2024-07-26", "close": 137.0, "volume": 2100, "typical_volume": 44960.0, "trend": 138.733333, "fair_value": 128.596154, "relative_strength": -3.327259, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -23.815197, "energy": 25.940401, "activity_lines": [ 136.0, 133.872727, 134.87619, 136.791398 ] }, { "date": "2024-08-02", "close": 136.0, "volume": 500, "typical_volume": 44805.0, "trend": 138.633333, "fair_value": 128.814103, "relative_strength": -4.135696, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.334446, "energy": 24.230908, "activity_lines": [ 136.333333, 134.472727, 134.752381, 136.615054 ] }, { "date": "2024-08-09", "close": 134.0, "volume": 500, "typical_volume": 44830.0, "trend": 138.333333, "fair_value": 129.025641, "relative_strength": -4.708336, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.832723, "energy": 16.867646, "activity_lines": [ 135.6, 134.672727, 134.480952, 136.316129 ] }, { "date": "2024-08-16", "close": 134.0, "volume": 100, "typical_volume": 19820.0, "trend": 138.1, "fair_value": 129.230769, "relative_strength": -6.698222, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.526188, "energy": 13.360132, "activity_lines": [ 134.933333, 134.781818, 134.261905, 136.036559 ] }, { "date": "2024-08-23", "close": 143.0, "volume": 900, "typical_volume": 19855.0, "trend": 138.133333, "fair_value": 129.49359, "relative_strength": -1.756207, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.808479, "energy": 17.375967, "activity_lines": [ 137.466667, 136.418182, 134.966667, 136.352688 ] }, { "date": "2024-08-30", "close": 142.0, "volume": 7000, "typical_volume": 16695.0, "trend": 138.266667, "fair_value": 129.737179, "relative_strength": -3.851763, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.585457, "energy": 47.8016, "activity_lines": [ 139.2, 137.690909, 135.6, 136.602151 ] }, { "date": "2024-09-06", "close": 142.0, "volume": 300, "typical_volume": 6075.0, "trend": 138.333333, "fair_value": 129.99359, "relative_strength": -4.314449, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.418145, "energy": 61.397528, "activity_lines": [ 140.6, 138.709091, 136.257143, 136.843011 ] }, { "date": "2024-09-13", "close": 144.0, "volume": 12000, "typical_volume": 2895.0, "trend": 138.466667, "fair_value": 130.24359, "relative_strength": -3.958328, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.823464, "energy": 70.278001, "activity_lines": [ 142.266667, 139.872727, 137.090476, 137.208602 ] }, { "date": "2024-09-20", "close": 146.0, "volume": 24800, "typical_volume": 3675.0, "trend": 138.566667, "fair_value": 130.519231, "relative_strength": -1.651573, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.154295, "energy": 80.354514, "activity_lines": [ 143.933333, 141.236364, 138.085714, 137.694624 ] }, { "date": "2024-09-27", "close": 144.0, "volume": 125900, "typical_volume": 9870.0, "trend": 138.5, "fair_value": 130.769231, "relative_strength": -2.282163, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.722854, "energy": 72.996328, "activity_lines": [ 144.133333, 142.072727, 138.838095, 138.045161 ] }, { "date": "2024-10-04", "close": 139.0, "volume": 2200, "typical_volume": 9820.0, "trend": 138.333333, "fair_value": 131.0, "relative_strength": -3.017386, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.772455, "energy": 50.061973, "activity_lines": [ 142.6, 141.854545, 139.071429, 138.077419 ] }, { "date": "2024-10-11", "close": 140.0, "volume": 600, "typical_volume": 9780.0, "trend": 138.166667, "fair_value": 131.211538, "relative_strength": -2.484733, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 47.827008, "energy": 37.627864, "activity_lines": [ 141.6, 141.781818, 139.4, 138.184946 ] }, { "date": "2024-10-18", "close": 145.0, "volume": 2100, "typical_volume": 9475.0, "trend": 138.166667, "fair_value": 131.403846, "relative_strength": -1.982192, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 61.482526, "energy": 37.995636, "activity_lines": [ 142.4, 142.545455, 140.17619, 138.625806 ] }, { "date": "2024-10-25", "close": 144.0, "volume": 1800, "typical_volume": 9535.0, "trend": 138.033333, "fair_value": 131.576923, "relative_strength": -1.789999, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.585898, "energy": 34.09228, "activity_lines": [ 142.8, 142.927273, 140.780952, 139.002151 ] }, { "date": "2024-11-01", "close": 135.0, "volume": 900, "typical_volume": 9475.0, "trend": 137.6, "fair_value": 131.679487, "relative_strength": -5.457395, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.688486, "energy": 11.907697, "activity_lines": [ 140.333333, 141.490909, 140.452381, 138.806452 ] }, { "date": "2024-11-08", "close": 135.0, "volume": 0, "typical_volume": 9450.0, "trend": 137.2, "fair_value": 131.807692, "relative_strength": -2.552339, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.350434, "energy": 12.631601, "activity_lines": [ 138.466667, 140.2, 140.114286, 138.63871 ] }, { "date": "2024-11-15", "close": 130.0, "volume": 100, "typical_volume": 9325.0, "trend": 136.9, "fair_value": 131.897436, "relative_strength": -4.363717, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -41.391768, "energy": 41.817818, "activity_lines": [ 135.2, 138.127273, 139.266667, 138.174194 ] }, { "date": "2024-11-22", "close": 130.0, "volume": 200, "typical_volume": 9165.0, "trend": 136.633333, "fair_value": 131.99359, "relative_strength": -4.709883, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.36109, "energy": 75.966621, "activity_lines": [ 132.6, 136.272727, 138.419048, 137.729032 ] }, { "date": "2024-11-29", "close": 134.0, "volume": 700, "typical_volume": 9140.0, "trend": 136.6, "fair_value": 132.108974, "relative_strength": -0.655858, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.182959, "energy": 68.865079, "activity_lines": [ 132.333333, 135.4, 137.97619, 137.55914 ] }, { "date": "2024-12-06", "close": 132.0, "volume": 114100, "typical_volume": 14840.0, "trend": 136.5, "fair_value": 132.230769, "relative_strength": -5.619641, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.64032, "energy": 66.297426, "activity_lines": [ 132.066667, 134.381818, 137.357143, 137.262366 ] }, { "date": "2024-12-13", "close": 132.0, "volume": 700, "typical_volume": 14770.0, "trend": 136.266667, "fair_value": 132.326923, "relative_strength": -4.87267, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.036699, "energy": 64.189505, "activity_lines": [ 132.0, 133.581818, 136.757143, 136.972043 ] }, { "date": "2024-12-20", "close": 132.0, "volume": 0, "typical_volume": 14745.0, "trend": 136.2, "fair_value": 132.442308, "relative_strength": -0.255902, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.91933, "energy": 41.495348, "activity_lines": [ 132.133333, 132.909091, 136.180952, 136.696774 ] }, { "date": "2024-12-27", "close": 128.0, "volume": 1200, "typical_volume": 14780.0, "trend": 136.166667, "fair_value": 132.538462, "relative_strength": -3.903951, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.357308, "energy": 51.543072, "activity_lines": [ 130.8, 131.654545, 135.242857, 136.167742 ] }, { "date": "2025-01-03", "close": 120.0, "volume": 900, "typical_volume": 14820.0, "trend": 135.9, "fair_value": 132.570513, "relative_strength": -11.304814, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -93.5765, "energy": 94.020219, "activity_lines": [ 126.933333, 129.254545, 133.571429, 135.124731 ] }, { "date": "2025-01-10", "close": 124.0, "volume": 2000, "typical_volume": 14875.0, "trend": 135.6, "fair_value": 132.647436, "relative_strength": -7.185921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.319961, "energy": 89.158165, "activity_lines": [ 125.333333, 128.018182, 132.347619, 134.356989 ] }, { "date": "2025-01-17", "close": 124.0, "volume": 0, "typical_volume": 14525.0, "trend": 135.466667, "fair_value": 132.705128, "relative_strength": -7.838096, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.181463, "energy": 88.668006, "activity_lines": [ 124.266667, 126.981818, 131.214286, 133.608602 ] }, { "date": "2025-01-24", "close": 126.0, "volume": 600, "typical_volume": 14540.0, "trend": 135.333333, "fair_value": 132.769231, "relative_strength": -6.302747, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.905429, "energy": 87.050233, "activity_lines": [ 124.4, 126.509091, 130.357143, 132.997849 ] }, { "date": "2025-01-31", "close": 126.0, "volume": 0, "typical_volume": 13940.0, "trend": 135.033333, "fair_value": 132.833333, "relative_strength": -5.397054, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.898063, "energy": 81.945128, "activity_lines": [ 124.933333, 126.109091, 129.57619, 132.395699 ] }, { "date": "2025-02-07", "close": 124.0, "volume": 600, "typical_volume": 12730.0, "trend": 134.6, "fair_value": 132.878205, "relative_strength": -1.740629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.716847, "energy": 65.024121, "activity_lines": [ 124.933333, 125.418182, 128.690476, 131.683871 ] }, { "date": "2025-02-14", "close": 119.0, "volume": 100, "typical_volume": 6440.0, "trend": 134.033333, "fair_value": 132.891026, "relative_strength": -4.083396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.379134, "energy": 72.74675, "activity_lines": [ 123.0, 124.0, 127.433333, 130.677419 ] }, { "date": "2025-02-21", "close": 119.0, "volume": 0, "typical_volume": 6330.0, "trend": 133.433333, "fair_value": 132.903846, "relative_strength": -6.210105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.818077, "energy": 86.899617, "activity_lines": [ 121.4, 122.818182, 126.295238, 129.707527 ] }, { "date": "2025-02-28", "close": 107.0, "volume": 295200, "typical_volume": 21060.0, "trend": 132.466667, "fair_value": 132.820513, "relative_strength": -8.228591, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.395136, "energy": 96.177818, "activity_lines": [ 116.133333, 119.690909, 124.109524, 128.002151 ] }, { "date": "2025-03-07", "close": 111.0, "volume": 92800, "typical_volume": 25595.0, "trend": 131.7, "fair_value": 132.75641, "relative_strength": -9.763166, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.822649, "energy": 94.44323, "activity_lines": [ 113.466667, 117.745455, 122.461905, 126.617204 ] }, { "date": "2025-03-14", "close": 111.0, "volume": 0, "typical_volume": 25505.0, "trend": 130.933333, "fair_value": 132.705128, "relative_strength": -7.846933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.734611, "energy": 91.159495, "activity_lines": [ 111.8, 116.109091, 120.97619, 125.28172 ] }, { "date": "2025-03-21", "close": 106.0, "volume": 129000, "typical_volume": 31910.0, "trend": 129.7, "fair_value": 132.621795, "relative_strength": -8.105347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.712797, "energy": 94.791564, "activity_lines": [ 109.333333, 113.727273, 119.171429, 123.673118 ] }, { "date": "2025-03-28", "close": 108.0, "volume": 3200, "typical_volume": 32070.0, "trend": 128.566667, "fair_value": 132.519231, "relative_strength": -9.667478, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.784503, "energy": 87.482185, "activity_lines": [ 108.4, 112.036364, 117.695238, 122.273118 ] }, { "date": "2025-04-11", "close": 109.0, "volume": 200, "typical_volume": 32075.0, "trend": 127.466667, "fair_value": 132.423077, "relative_strength": -4.92616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.479049, "energy": 79.454662, "activity_lines": [ 108.533333, 110.818182, 116.442857, 121.010753 ] }, { "date": "2025-04-18", "close": 111.0, "volume": 700, "typical_volume": 32100.0, "trend": 126.366667, "fair_value": 132.326923, "relative_strength": -5.538028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.8355, "energy": 67.413154, "activity_lines": [ 109.2, 110.272727, 115.480952, 119.948387 ] }, { "date": "2025-04-25", "close": 111.0, "volume": 0, "typical_volume": 32065.0, "trend": 125.2, "fair_value": 132.230769, "relative_strength": -8.653485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.161006, "energy": 63.778767, "activity_lines": [ 109.866667, 110.0, 114.609524, 118.956989 ] }, { "date": "2025-05-02", "close": 119.0, "volume": 100, "typical_volume": 26365.0, "trend": 124.366667, "fair_value": 132.205128, "relative_strength": -3.816798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.868203, "energy": 38.328309, "activity_lines": [ 113.2, 111.418182, 114.609524, 118.556989 ] }, { "date": "2025-05-09", "close": 119.0, "volume": 300, "typical_volume": 26345.0, "trend": 123.7, "fair_value": 132.147436, "relative_strength": -3.90386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.169872, "energy": 31.274897, "activity_lines": [ 115.666667, 112.836364, 114.671429, 118.210753 ] }, { "date": "2025-05-16", "close": 119.0, "volume": 0, "typical_volume": 26345.0, "trend": 123.0, "fair_value": 132.076923, "relative_strength": -7.379262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.978747, "energy": 29.957041, "activity_lines": [ 117.4, 114.254545, 114.795238, 117.907527 ] }, { "date": "2025-05-23", "close": 127.0, "volume": 300, "typical_volume": 26300.0, "trend": 122.4, "fair_value": 132.115385, "relative_strength": -2.483099, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 32.831074, "energy": 47.275069, "activity_lines": [ 121.133333, 116.909091, 115.742857, 118.165591 ] }, { "date": "2025-05-30", "close": 127.0, "volume": 0, "typical_volume": 26255.0, "trend": 121.833333, "fair_value": 132.160256, "relative_strength": -1.872628, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 48.551872, "energy": 57.498819, "activity_lines": [ 123.8, 119.272727, 116.695238, 118.462366 ] }, { "date": "2025-06-06", "close": 122.0, "volume": 100, "typical_volume": 26160.0, "trend": 121.4, "fair_value": 132.153846, "relative_strength": -4.771482, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.206591, "energy": 70.33978, "activity_lines": [ 123.733333, 120.436364, 117.138095, 118.473118 ] }, { "date": "2025-06-13", "close": 125.0, "volume": 1700, "typical_volume": 26245.0, "trend": 121.066667, "fair_value": 132.134615, "relative_strength": -3.031291, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.824652, "energy": 74.938783, "activity_lines": [ 124.466667, 121.854545, 117.87619, 118.705376 ] }, { "date": "2025-06-20", "close": 124.0, "volume": 100, "typical_volume": 26220.0, "trend": 120.866667, "fair_value": 132.134615, "relative_strength": -0.009125, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.966567, "energy": 62.426663, "activity_lines": [ 124.466667, 122.781818, 118.514286, 118.894624 ] }, { "date": "2025-06-27", "close": 115.0, "volume": 1601200, "typical_volume": 106280.0, "trend": 120.366667, "fair_value": 132.089744, "relative_strength": -6.943053, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -12.823776, "energy": 16.812589, "activity_lines": [ 121.133333, 121.8, 118.304762, 118.516129 ] }, { "date": "2025-07-04", "close": 116.0, "volume": 100, "typical_volume": 106255.0, "trend": 119.766667, "fair_value": 132.051282, "relative_strength": -5.540656, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.337999, "energy": 18.220265, "activity_lines": [ 118.933333, 120.927273, 118.242857, 118.234409 ] }, { "date": "2025-07-11", "close": 117.0, "volume": 600, "typical_volume": 106280.0, "trend": 119.266667, "fair_value": 132.032051, "relative_strength": -6.989107, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.897141, "energy": 26.192823, "activity_lines": [ 117.8, 120.145455, 118.314286, 118.055914 ] }, { "date": "2025-07-18", "close": 117.0, "volume": 0, "typical_volume": 106280.0, "trend": 118.766667, "fair_value": 132.044872, "relative_strength": -10.092301, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.331008, "energy": 31.954003, "activity_lines": [ 117.0, 119.4, 118.395238, 117.909677 ] }, { "date": "2025-07-25", "close": 120.0, "volume": 2000600, "typical_volume": 191550.0, "trend": 118.366667, "fair_value": 132.057692, "relative_strength": -10.352871, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -2.600028, "energy": 17.254213, "activity_lines": [ 117.733333, 119.236364, 118.771429, 117.989247 ] }, { "date": "2025-08-01", "close": 126.0, "volume": 203100, "typical_volume": 197065.0, "trend": 118.3, "fair_value": 132.102564, "relative_strength": -5.585892, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.881831, "energy": 36.304786, "activity_lines": [ 120.733333, 120.145455, 119.657143, 118.48172 ] }, { "date": "2025-08-08", "close": 152.0, "volume": 1133900, "typical_volume": 253760.0, "trend": 119.366667, "fair_value": 132.301282, "relative_strength": 13.768961, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.130644, "energy": 66.920567, "activity_lines": [ 131.666667, 125.8, 122.947619, 120.655914 ] }, { "date": "2025-08-15", "close": 135.0, "volume": 179900, "typical_volume": 256305.0, "trend": 119.733333, "fair_value": 132.365385, "relative_strength": -3.480882, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.451796, "energy": 44.879839, "activity_lines": [ 134.533333, 127.909091, 124.42381, 121.664516 ] }, { "date": "2025-08-22", "close": 130.0, "volume": 159600, "typical_volume": 264125.0, "trend": 119.933333, "fair_value": 132.358974, "relative_strength": -6.43703, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.062806, "energy": 43.844158, "activity_lines": [ 134.533333, 128.872727, 125.285714, 122.326882 ] }, { "date": "2025-08-29", "close": 120.0, "volume": 261400, "typical_volume": 277185.0, "trend": 119.733333, "fair_value": 132.301282, "relative_strength": -12.97781, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.29014, "energy": 26.427997, "activity_lines": [ 130.333333, 127.927273, 125.090476, 122.331183 ] }, { "date": "2025-09-05", "close": 117.0, "volume": 198000, "typical_volume": 287050.0, "trend": 119.433333, "fair_value": 132.224359, "relative_strength": -15.213778, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.323611, "energy": 10.844081, "activity_lines": [ 125.133333, 126.509091, 124.557143, 122.154839 ] }, { "date": "2025-09-12", "close": 112.0, "volume": 185000, "typical_volume": 296300.0, "trend": 119.033333, "fair_value": 132.108974, "relative_strength": -18.330063, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.080998, "energy": 6.003196, "activity_lines": [ 118.866667, 124.145455, 123.519048, 121.675269 ] }, { "date": "2025-09-19", "close": 125.0, "volume": 60200, "typical_volume": 299305.0, "trend": 119.233333, "fair_value": 132.064103, "relative_strength": -10.795867, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.536106, "energy": 13.893873, "activity_lines": [ 119.6, 124.218182, 123.714286, 122.060215 ] }, { "date": "2025-09-26", "close": 122.0, "volume": 390600, "typical_volume": 318820.0, "trend": 119.333333, "fair_value": 131.99359, "relative_strength": -13.090841, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.335282, "energy": 11.717716, "activity_lines": [ 120.0, 123.6, 123.595238, 122.23871 ] }, { "date": "2025-10-03", "close": 110.0, "volume": 282300, "typical_volume": 332935.0, "trend": 119.433333, "fair_value": 131.852564, "relative_strength": -21.372269, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.826997, "energy": 7.957517, "activity_lines": [ 116.933333, 120.709091, 122.319048, 121.636559 ] }, { "date": "2025-10-10", "close": 106.0, "volume": 204100, "typical_volume": 343125.0, "trend": 119.266667, "fair_value": 131.685897, "relative_strength": -25.034542, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.587543, "energy": 12.183461, "activity_lines": [ 113.2, 117.272727, 120.704762, 120.769892 ] }, { "date": "2025-10-17", "close": 96.0, "volume": 45500, "typical_volume": 345400.0, "trend": 118.766667, "fair_value": 131.480769, "relative_strength": -28.65178, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.57861, "energy": 21.9123, "activity_lines": [ 106.866667, 112.381818, 118.238095, 119.268817 ] }, { "date": "2025-10-24", "close": 100.0, "volume": 332200, "typical_volume": 362005.0, "trend": 118.566667, "fair_value": 131.294872, "relative_strength": -28.343444, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.520655, "energy": 34.869407, "activity_lines": [ 102.933333, 109.236364, 116.3, 118.058065 ] }, { "date": "2025-10-31", "close": 116.0, "volume": 6400, "typical_volume": 362240.0, "trend": 118.833333, "fair_value": 131.217949, "relative_strength": -15.345604, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.858793, "energy": 27.831866, "activity_lines": [ 106.0, 109.636364, 115.990476, 117.892473 ] }, { "date": "2025-11-07", "close": 129.0, "volume": 66400, "typical_volume": 365555.0, "trend": 119.5, "fair_value": 131.179487, "relative_strength": -8.170142, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -28.049933, "energy": 12.651426, "activity_lines": [ 113.8, 112.654545, 116.961905, 118.548387 ] }, { "date": "2025-11-14", "close": 123.0, "volume": 41700, "typical_volume": 287580.0, "trend": 119.9, "fair_value": 131.115385, "relative_strength": -11.800322, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -25.629671, "energy": 12.004461, "activity_lines": [ 118.333333, 114.418182, 117.338095, 118.774194 ] }, { "date": "2025-11-21", "close": 127.0, "volume": 90500, "typical_volume": 292100.0, "trend": 120.433333, "fair_value": 131.076923, "relative_strength": -9.08623, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.0895, "energy": 7.663654, "activity_lines": [ 123.066667, 116.8, 118.057143, 119.232258 ] }, { "date": "2025-11-28", "close": 121.0, "volume": 361600, "typical_volume": 310150.0, "trend": 120.5, "fair_value": 131.0, "relative_strength": -13.958583, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.594584, "energy": 8.025376, "activity_lines": [ 123.733333, 117.818182, 118.152381, 119.268817 ] }, { "date": "2025-12-05", "close": 122.0, "volume": 122600, "typical_volume": 316280.0, "trend": 120.6, "fair_value": 130.929487, "relative_strength": -14.023657, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.022833, "energy": 7.884179, "activity_lines": [ 123.333333, 119.090909, 118.32381, 119.365591 ] }, { "date": "2025-12-12", "close": 120.0, "volume": 38400, "typical_volume": 218170.0, "trend": 120.633333, "fair_value": 130.833333, "relative_strength": -15.305287, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.242163, "energy": 5.560983, "activity_lines": [ 121.866667, 120.0, 118.280952, 119.326882 ] }, { "date": "2025-12-19", "close": 120.0, "volume": 6700, "typical_volume": 208350.0, "trend": 120.4, "fair_value": 130.775641, "relative_strength": -14.393228, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.036591, "energy": 2.621747, "activity_lines": [ 121.0, 120.727273, 118.238095, 119.286022 ] }, { "date": "2025-12-26", "close": 120.0, "volume": 353400, "typical_volume": 169325.0, "trend": 120.166667, "fair_value": 130.711538, "relative_strength": -13.177991, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.544916, "energy": 3.10226, "activity_lines": [ 120.333333, 121.2, 118.22381, 119.260215 ] }, { "date": "2026-01-02", "close": 127.0, "volume": 151300, "typical_volume": 167895.0, "trend": 120.333333, "fair_value": 130.692308, "relative_strength": -9.928399, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.428529, "energy": 2.555474, "activity_lines": [ 122.466667, 122.509091, 119.028571, 119.701075 ] }, { "date": "2026-01-09", "close": 127.0, "volume": 469000, "typical_volume": 183365.0, "trend": 120.4, "fair_value": 130.673077, "relative_strength": -11.561623, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.29603, "energy": 6.077475, "activity_lines": [ 124.2, 123.327273, 119.871429, 120.131183 ] }, { "date": "2026-01-16", "close": 127.0, "volume": 50400, "typical_volume": 172815.0, "trend": 120.5, "fair_value": 130.679487, "relative_strength": -12.546622, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.280837, "energy": 21.866867, "activity_lines": [ 125.6, 123.945455, 120.728571, 120.556989 ] }, { "date": "2026-01-23", "close": 128.0, "volume": 24800, "typical_volume": 164155.0, "trend": 120.933333, "fair_value": 130.705128, "relative_strength": -10.306302, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.048294, "energy": 24.240702, "activity_lines": [ 126.866667, 124.781818, 121.647619, 121.04086 ] }, { "date": "2026-01-30", "close": 119.0, "volume": 12000, "typical_volume": 155505.0, "trend": 121.033333, "fair_value": 130.647436, "relative_strength": -10.034339, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.953757, "energy": 7.462432, "activity_lines": [ 124.6, 123.890909, 121.657143, 120.916129 ] }, { "date": "2026-02-06", "close": 113.0, "volume": 107700, "typical_volume": 157880.0, "trend": 120.9, "fair_value": 130.557692, "relative_strength": -9.945076, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.55065, "energy": 2.098034, "activity_lines": [ 120.4, 122.054545, 121.061905, 120.397849 ] }, { "date": "2026-02-13", "close": 130.0, "volume": 141300, "typical_volume": 145415.0, "trend": 121.333333, "fair_value": 130.564103, "relative_strength": 0.421053, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.858377, "energy": 3.692458, "activity_lines": [ 122.8, 123.454545, 122.142857, 120.984946 ] }, { "date": "2026-02-20", "close": 122.0, "volume": 2900, "typical_volume": 131445.0, "trend": 121.4, "fair_value": 130.5, "relative_strength": -6.072511, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.335618, "energy": 2.312422, "activity_lines": [ 122.333333, 123.254545, 122.42381, 121.027957 ] }, { "date": "2026-02-27", "close": 124.0, "volume": 253300, "typical_volume": 133905.0, "trend": 121.333333, "fair_value": 130.455128, "relative_strength": -3.825274, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.255007, "energy": 1.510984, "activity_lines": [ 122.866667, 123.381818, 122.838095, 121.195699 ] }, { "date": "2026-03-06", "close": 154.0, "volume": 208700, "typical_volume": 142065.0, "trend": 121.4, "fair_value": 130.596154, "relative_strength": 29.160739, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.174088, "energy": 37.485282, "activity_lines": [ 133.666667, 128.890909, 126.02381, 123.303226 ] }, { "date": "2026-03-13", "close": 114.0, "volume": 147800, "typical_volume": 132845.0, "trend": 120.7, "fair_value": 130.512821, "relative_strength": 1.714292, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 34.999669, "energy": 19.328103, "activity_lines": [ 128.8, 126.509091, 125.12381, 122.825806 ] }, { "date": "2026-03-20", "close": 113.0, "volume": 127500, "typical_volume": 138900.0, "trend": 120.133333, "fair_value": 130.429487, "relative_strength": 1.393981, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 23.860779, "energy": 9.615601, "activity_lines": [ 123.533333, 124.181818, 124.061905, 122.329032 ] }, { "date": "2026-03-27", "close": 102.0, "volume": 80400, "typical_volume": 139600.0, "trend": 119.533333, "fair_value": 130.282051, "relative_strength": -8.06081, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -11.414895, "energy": 10.797797, "activity_lines": [ 115.733333, 120.109091, 121.966667, 121.15914 ] }, { "date": "2026-04-03", "close": 107.0, "volume": 549800, "typical_volume": 165005.0, "trend": 119.2, "fair_value": 130.166667, "relative_strength": -2.426082, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -10.855932, "energy": 12.919733, "activity_lines": [ 110.933333, 117.4, 120.47619, 120.350538 ] }, { "date": "2026-04-10", "close": 110.0, "volume": 1286200, "typical_volume": 224790.0, "trend": 119.133333, "fair_value": 130.012821, "relative_strength": -5.185992, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -19.038566, "energy": 19.659255, "activity_lines": [ 108.266667, 115.618182, 119.347619, 119.756989 ] }, { "date": "2026-04-17", "close": 110.0, "volume": 187900, "typical_volume": 216105.0, "trend": 118.633333, "fair_value": 129.858974, "relative_strength": -7.040383, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -19.809306, "energy": 21.983497, "activity_lines": [ 108.533333, 114.0, 118.3, 119.167742 ] }, { "date": "2026-04-24", "close": 108.0, "volume": 159800, "typical_volume": 217965.0, "trend": 118.166667, "fair_value": 129.679487, "relative_strength": -2.093241, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": -19.132964, "energy": 15.098879, "activity_lines": [ 108.4, 112.072727, 117.114286, 118.48172 ] }, { "date": "2026-05-01", "close": 106.0, "volume": 889400, "typical_volume": 260515.0, "trend": 118.033333, "fair_value": 129.5, "relative_strength": -1.248214, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -46.450405, "energy": 20.769941, "activity_lines": [ 107.933333, 110.181818, 115.804762, 117.696774 ] }, { "date": "2026-05-08", "close": 102.0, "volume": 430000, "typical_volume": 281680.0, "trend": 117.9, "fair_value": 129.288462, "relative_strength": -4.816513, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -47.714121, "energy": 21.477846, "activity_lines": [ 105.866667, 107.854545, 114.180952, 116.662366 ] }, { "date": "2026-05-15", "close": 102.0, "volume": 665300, "typical_volume": 297275.0, "trend": 118.1, "fair_value": 129.064103, "relative_strength": -1.138128, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -47.413629, "energy": 22.614596, "activity_lines": [ 104.133333, 105.927273, 112.642857, 115.636559 ] }, { "date": "2026-05-22", "close": 101.0, "volume": 241100, "typical_volume": 301765.0, "trend": 118.133333, "fair_value": 128.839744, "relative_strength": 6.971957, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -48.591059, "energy": 24.366111, "activity_lines": [ 102.6, 104.763636, 111.095238, 114.533333 ] }, { "date": "2026-05-29", "close": 100.0, "volume": 16400, "typical_volume": 279135.0, "trend": 117.6, "fair_value": 128.608974, "relative_strength": 6.696553, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -50.377243, "energy": 27.425185, "activity_lines": [ 101.333333, 103.654545, 109.57619, 113.363441 ] }, { "date": "2026-06-05", "close": 92.0, "volume": 372700, "typical_volume": 295250.0, "trend": 116.366667, "fair_value": 128.326923, "relative_strength": 7.601243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.243336, "energy": 32.070956, "activity_lines": [ 97.933333, 101.327273, 107.42381, 111.711828 ] }, { "date": "2026-06-12", "close": 99.0, "volume": 14600, "typical_volume": 294740.0, "trend": 115.566667, "fair_value": 128.070513, "relative_strength": 7.961476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.921748, "energy": 31.887698, "activity_lines": [ 97.8, 100.454545, 106.104762, 110.591398 ] }, { "date": "2026-06-19", "close": 100.0, "volume": 2400, "typical_volume": 294260.0, "trend": 114.666667, "fair_value": 127.794872, "relative_strength": 6.296116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.537817, "energy": 30.886351, "activity_lines": [ 98.2, 99.909091, 105.019048, 109.587097 ] }, { "date": "2026-06-26", "close": 94.0, "volume": 300, "typical_volume": 288890.0, "trend": 113.766667, "fair_value": 127.50641, "relative_strength": 4.777004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.937976, "energy": 34.234562, "activity_lines": [ 96.733333, 98.454545, 103.452381, 108.253763 ] }, { "date": "2026-07-03", "close": 132.0, "volume": 100800, "typical_volume": 286865.0, "trend": 114.1, "fair_value": 127.461538, "relative_strength": 46.611555, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.76245, "energy": 8.317225, "activity_lines": [ 108.4, 104.2, 105.595238, 109.430108 ] }, { "date": "2026-07-10", "close": 102.0, "volume": 414500, "typical_volume": 307445.0, "trend": 113.5, "fair_value": 127.217949, "relative_strength": 12.275059, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.788728, "energy": 16.066449, "activity_lines": [ 107.933333, 104.054545, 104.871429, 108.649462 ] }, { "date": "2026-07-17", "close": 103.0, "volume": 378800, "typical_volume": 313720.0, "trend": 112.933333, "fair_value": 126.987179, "relative_strength": 8.67218, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.580041, "energy": 15.430372, "activity_lines": [ 107.133333, 104.163636, 104.338095, 107.972043 ] }, { "date": "2026-07-24", "close": 104.0, "volume": 221200, "typical_volume": 314345.0, "trend": 112.4, "fair_value": 126.762821, "relative_strength": 9.237318, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.399058, "energy": 13.003463, "activity_lines": [ 106.4, 104.436364, 104.0, 107.395699 ] }, { "date": "2026-07-31", "close": 101.0, "volume": 35700, "typical_volume": 308740.0, "trend": 111.533333, "fair_value": 126.50641, "relative_strength": 5.479588, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.162007, "energy": 13.852253, "activity_lines": [ 104.4, 104.127273, 103.614286, 106.660215 ] }, { "date": "2026-08-07", "close": 102.0, "volume": 23300, "typical_volume": 303530.0, "trend": 110.7, "fair_value": 126.262821, "relative_strength": 4.196399, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.3971, "energy": 17.20528, "activity_lines": [ 102.266667, 104.0, 103.385714, 106.045161 ] } ], "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." } } }