{ "ticker": { "uuid": "66f2378e-6582-41b5-9ba3-a3414af7190a", "symbol": "SLV", "name": "iShares Silver Trust", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -64.652, "architecture_energy": 56.365, "architecture_maturity": 31.327, "architecture_confidence": 91.3, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 9.39, "rotation_up": 21.21, "upward_expansion": 9.1, "deceleration": 51.04, "rotation_down": 62.49, "downward_expansion": 84.77 }, "activity_lines": [ 936.968005, 953.556735, 1030.955769, 1086.724027 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 986.0, "trend_reference": 1168.092672, "distance_from_trend": -0.155889, "trend_direction": "Weakening", "fair_value": 677.954745, "distance_from_fair_value": 0.454374, "fair_value_direction": "Weakening", "relative_strength": -6.848355, "relative_strength_direction": "Weakening", "price_momentum": -0.186254, "excess_performance": -0.131587, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.155889, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.013387, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.454374, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.560139, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.068484, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.290723, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.186254, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.331755, "read": "Supply-led" } ], "volume": { "latest": 46121, "relative_activity": 2.004407, "balance": 0.331755, "dry_up": 0.773257, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.091029, "annualized_volatility": 0.506206, "from_high_reference": -0.474498, "from_low_reference": 0.546667 }, "levels": { "trend_reference": 1168.092672, "fair_value_reference": 677.954745, "structural_low": 870.169983, "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": 22, "median_return": 0.019178, "positive_rate": 0.545455, "directional_follow_through": 0.454545, "median_excess_return": 0.021651, "regime_survival": 0.772727, "best_return": 0.101065, "worst_return": -0.129151, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.00561, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.021244, "regime_survival": 0.5, "best_return": 0.137652, "worst_return": -0.107158, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.025824, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.051639, "regime_survival": 0.4, "best_return": 0.374696, "worst_return": -0.230736, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.089432, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.046764, "regime_survival": 0.666667, "best_return": 0.257719, "worst_return": -0.250601, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-20", "end": "2024-01-26", "tenure": "Established", "return": -0.082051, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-02", "end": "2024-03-08", "tenure": "Developing", "return": 0.033149, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-03-15", "end": "2024-03-22", "tenure": "New", "return": -0.018182, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-03-29", "end": "2024-04-05", "tenure": "New", "return": 0.116456, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-04-12", "end": "2024-07-26", "tenure": "Established", "return": 0.099287, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-08-23", "tenure": "New", "return": 0.041918, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-11-29", "tenure": "Established", "return": 0.08848, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-02-07", "tenure": "Developing", "return": 0.047368, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-25", "tenure": "Developing", "return": -0.015396, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-02", "end": "2025-06-13", "tenure": "Developing", "return": 0.095589, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2026-02-20", "tenure": "Extended", "return": 1.074475, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-27", "end": "2026-06-05", "tenure": "Established", "return": -0.261597, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-06-12", "end": "2026-06-19", "tenure": "New", "return": 0.009737, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": 0.055675, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 356.0, "volume": 12308, "typical_volume": 43221.7, "trend": 381.633002, "fair_value": 431.707628, "relative_strength": -9.196159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.529406, "energy": 67.051986, "activity_lines": [ 361.525336, 365.132731, 372.901622, 377.964583 ] }, { "date": "2023-08-25", "close": 372.0, "volume": 3716, "typical_volume": 40766.5, "trend": 380.416335, "fair_value": 430.519487, "relative_strength": -5.018775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.003801, "energy": 56.969798, "activity_lines": [ 363.380001, 366.237094, 371.796431, 377.343099 ] }, { "date": "2023-09-01", "close": 378.0, "volume": 2725, "typical_volume": 10874.65, "trend": 379.983002, "fair_value": 429.474615, "relative_strength": -3.373196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.04756, "energy": 34.593192, "activity_lines": [ 368.0, 368.523275, 371.492479, 377.187207 ] }, { "date": "2023-09-08", "close": 369.5, "volume": 7834, "typical_volume": 10902.65, "trend": 379.666335, "fair_value": 428.452179, "relative_strength": -4.322621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.788104, "energy": 20.755855, "activity_lines": [ 369.366667, 368.818547, 370.576621, 376.510884 ] }, { "date": "2023-09-15", "close": 363.5, "volume": 2505397, "typical_volume": 135708.5, "trend": 379.542335, "fair_value": 427.406282, "relative_strength": -3.633019, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.725172, "energy": 21.825662, "activity_lines": [ 368.633333, 367.749092, 369.316383, 375.467895 ] }, { "date": "2023-09-22", "close": 366.0, "volume": 816, "typical_volume": 134843.4, "trend": 380.009002, "fair_value": 426.694744, "relative_strength": -3.421775, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.808863, "energy": 19.21156, "activity_lines": [ 368.033333, 367.061455, 368.532335, 374.594196 ] }, { "date": "2023-09-29", "close": 354.0, "volume": 5448, "typical_volume": 132611.15, "trend": 380.092335, "fair_value": 425.899808, "relative_strength": -4.871657, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.292142, "energy": 46.883366, "activity_lines": [ 362.766667, 364.494546, 366.858764, 372.916195 ] }, { "date": "2023-10-06", "close": 358.01001, "volume": 17860, "typical_volume": 133172.95, "trend": 380.398336, "fair_value": 425.162628, "relative_strength": -1.223918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.375945, "energy": 51.973976, "activity_lines": [ 360.03667, 363.192729, 365.72905, 371.491529 ] }, { "date": "2023-10-13", "close": 375.0, "volume": 839, "typical_volume": 132371.45, "trend": 379.875002, "fair_value": 424.521795, "relative_strength": 4.016011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.084069, "energy": 27.680271, "activity_lines": [ 364.302669, 365.228911, 366.369621, 371.14325 ] }, { "date": "2023-10-20", "close": 390.0, "volume": 2972, "typical_volume": 132095.9, "trend": 379.841669, "fair_value": 423.966218, "relative_strength": 10.484465, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.771183, "energy": 7.353664, "activity_lines": [ 373.202002, 369.865092, 368.453526, 371.796475 ] }, { "date": "2023-10-27", "close": 382.410004, "volume": 9310, "typical_volume": 131864.9, "trend": 379.350336, "fair_value": 423.411218, "relative_strength": 6.596813, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.053834, "energy": 17.84688, "activity_lines": [ 377.804669, 372.448547, 369.767478, 371.962174 ] }, { "date": "2023-11-03", "close": 374.5, "volume": 105, "typical_volume": 131397.65, "trend": 377.825002, "fair_value": 422.670833, "relative_strength": -0.268385, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.887558, "energy": 26.22567, "activity_lines": [ 378.676668, 373.113638, 370.349954, 371.649249 ] }, { "date": "2023-11-10", "close": 365.0, "volume": 4708, "typical_volume": 131527.05, "trend": 376.008335, "fair_value": 422.061859, "relative_strength": -2.693642, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.200462, "energy": 19.967392, "activity_lines": [ 375.015334, 372.006001, 370.039573, 370.82183 ] }, { "date": "2023-11-17", "close": 375.0, "volume": 7691, "typical_volume": 131543.1, "trend": 374.602336, "fair_value": 421.566154, "relative_strength": -2.700845, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.948886, "energy": 7.616909, "activity_lines": [ 374.221334, 372.95291, 370.626811, 370.756776 ] }, { "date": "2023-11-24", "close": 381.5, "volume": 4858, "typical_volume": 131532.1, "trend": 373.535669, "fair_value": 421.280962, "relative_strength": -1.458608, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.936677, "energy": 13.357583, "activity_lines": [ 375.594, 374.981637, 371.735192, 371.201787 ] }, { "date": "2023-12-01", "close": 400.0, "volume": 36461, "typical_volume": 133277.25, "trend": 372.895669, "fair_value": 420.995705, "relative_strength": 1.647442, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.392254, "energy": 46.864178, "activity_lines": [ 383.7, 380.046728, 374.500715, 372.909163 ] }, { "date": "2023-12-08", "close": 366.170013, "volume": 38189, "typical_volume": 133650.6, "trend": 372.167669, "fair_value": 420.479872, "relative_strength": -7.373181, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.638371, "energy": 25.731261, "activity_lines": [ 379.356671, 378.34273, 373.961669, 372.47525 ] }, { "date": "2023-12-15", "close": 378.570007, "volume": 1634, "typical_volume": 133679.3, "trend": 371.787669, "fair_value": 419.8425, "relative_strength": -8.365552, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.316337, "energy": 33.551262, "activity_lines": [ 379.702006, 378.672004, 374.686003, 372.888304 ] }, { "date": "2023-12-22", "close": 376.75, "volume": 3338, "typical_volume": 133567.9, "trend": 371.742669, "fair_value": 419.193462, "relative_strength": -8.653504, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.386747, "energy": 23.694462, "activity_lines": [ 378.536004, 378.296549, 375.204288, 373.208454 ] }, { "date": "2023-12-29", "close": 369.480011, "volume": 334, "typical_volume": 133327.15, "trend": 371.388336, "fair_value": 418.425962, "relative_strength": -9.948999, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 21.232, "energy": 14.40577, "activity_lines": [ 374.830007, 376.567459, 374.988527, 373.062476 ] }, { "date": "2024-01-05", "close": 358.839996, "volume": 1485, "typical_volume": 132786.0, "trend": 370.449669, "fair_value": 417.707821, "relative_strength": -10.266422, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -21.436861, "energy": 17.609619, "activity_lines": [ 368.37867, 373.276912, 373.680955, 372.252906 ] }, { "date": "2024-01-12", "close": 356.869995, "volume": 2772, "typical_volume": 132738.8, "trend": 369.778669, "fair_value": 417.064744, "relative_strength": -9.474484, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.586796, "energy": 30.580956, "activity_lines": [ 364.014667, 370.056729, 372.17224, 371.376798 ] }, { "date": "2024-01-19", "close": 353.149994, "volume": 15110, "typical_volume": 133358.05, "trend": 369.767002, "fair_value": 416.30609, "relative_strength": -9.840248, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -30.753882, "energy": 49.265453, "activity_lines": [ 359.030664, 366.480728, 370.381287, 370.30398 ] }, { "date": "2024-01-26", "close": 358.0, "volume": 64687, "typical_volume": 136200.7, "trend": 369.885669, "fair_value": 415.313974, "relative_strength": -10.575963, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.043228, "energy": 61.035168, "activity_lines": [ 357.357998, 364.002, 369.170573, 369.544819 ] }, { "date": "2024-02-02", "close": 362.0, "volume": 2960, "typical_volume": 11078.85, "trend": 369.969002, "fair_value": 414.404679, "relative_strength": -11.459785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.349993, "energy": 53.391701, "activity_lines": [ 358.268665, 362.559636, 368.395572, 369.036066 ] }, { "date": "2024-02-09", "close": 350.209991, "volume": 4483, "typical_volume": 11262.2, "trend": 368.888001, "fair_value": 413.403013, "relative_strength": -12.733897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.38711, "energy": 53.348518, "activity_lines": [ 355.747996, 359.32818, 366.504857, 367.761291 ] }, { "date": "2024-02-16", "close": 365.0, "volume": 637, "typical_volume": 11021.65, "trend": 368.272001, "fair_value": 412.413974, "relative_strength": -8.627429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.477641, "energy": 30.254095, "activity_lines": [ 358.732664, 359.691089, 366.097905, 367.510452 ] }, { "date": "2024-02-23", "close": 358.529999, "volume": 4844, "typical_volume": 10370.85, "trend": 367.833001, "fair_value": 411.409103, "relative_strength": -9.410907, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.679787, "energy": 24.478461, "activity_lines": [ 359.018665, 358.898907, 365.022381, 366.881936 ] }, { "date": "2024-03-01", "close": 358.019989, "volume": 46359, "typical_volume": 12646.85, "trend": 367.500334, "fair_value": 410.518398, "relative_strength": -7.699431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.912439, "energy": 25.424984, "activity_lines": [ 358.775995, 358.37836, 363.895808, 366.248838 ] }, { "date": "2024-03-08", "close": 374.0, "volume": 254876, "typical_volume": 25242.05, "trend": 368.200334, "fair_value": 409.749167, "relative_strength": -2.579794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.931897, "energy": 14.412068, "activity_lines": [ 363.858663, 361.103815, 364.371999, 366.668172 ] }, { "date": "2024-03-15", "close": 385.0, "volume": 33162, "typical_volume": 26434.65, "trend": 369.167, "fair_value": 409.014231, "relative_strength": -1.836635, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.849698, "energy": 22.056418, "activity_lines": [ 371.807998, 365.747088, 365.971999, 367.752021 ] }, { "date": "2024-03-22", "close": 378.0, "volume": 12113, "typical_volume": 27035.05, "trend": 369.367, "fair_value": 408.373205, "relative_strength": -4.078388, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.878989, "energy": 32.697526, "activity_lines": [ 375.104665, 368.641998, 366.892999, 368.321892 ] }, { "date": "2024-03-29", "close": 370.01001, "volume": 889, "typical_volume": 26844.1, "trend": 369.100667, "fair_value": 407.764936, "relative_strength": -7.111712, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.507484, "energy": 30.565472, "activity_lines": [ 374.871336, 369.7, 367.036381, 368.363376 ] }, { "date": "2024-04-05", "close": 413.100006, "volume": 50295, "typical_volume": 28974.3, "trend": 370.554001, "fair_value": 407.400193, "relative_strength": 2.625868, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.999932, "energy": 79.041025, "activity_lines": [ 388.236005, 378.286001, 371.259714, 371.202043 ] }, { "date": "2024-04-12", "close": 427.549988, "volume": 37321, "typical_volume": 30597.45, "trend": 372.689, "fair_value": 407.06468, "relative_strength": 9.125802, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.590242, "energy": 87.448484, "activity_lines": [ 402.745333, 388.497454, 376.677808, 374.879204 ] }, { "date": "2024-04-19", "close": 450.130005, "volume": 85511, "typical_volume": 33049.95, "trend": 375.493334, "fair_value": 406.88468, "relative_strength": 16.219706, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.444058, "energy": 96.364871, "activity_lines": [ 421.211334, 401.622546, 384.027095, 379.875398 ] }, { "date": "2024-04-26", "close": 427.5, "volume": 5100, "typical_volume": 31395.5, "trend": 377.943334, "fair_value": 406.505257, "relative_strength": 6.647622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.617561, "energy": 87.504149, "activity_lines": [ 427.792, 408.816364, 388.982428, 383.230667 ] }, { "date": "2024-05-03", "close": 411.829987, "volume": 11038, "typical_volume": 31865.7, "trend": 379.737333, "fair_value": 405.889039, "relative_strength": 4.116689, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.588404, "energy": 82.943921, "activity_lines": [ 425.849329, 412.024725, 392.153332, 385.416902 ] }, { "date": "2024-05-10", "close": 433.0, "volume": 8402, "typical_volume": 32118.9, "trend": 381.670666, "fair_value": 405.42109, "relative_strength": 8.231004, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.881094, "energy": 74.561186, "activity_lines": [ 428.17533, 418.113089, 397.182046, 388.853203 ] }, { "date": "2024-05-17", "close": 477.600006, "volume": 28155, "typical_volume": 33509.95, "trend": 384.590667, "fair_value": 405.206987, "relative_strength": 19.290876, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.202889, "energy": 71.965322, "activity_lines": [ 444.041333, 430.947272, 406.190523, 395.042193 ] }, { "date": "2024-05-24", "close": 463.5, "volume": 94423, "typical_volume": 38156.85, "trend": 387.293667, "fair_value": 404.876859, "relative_strength": 19.84979, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.352129, "energy": 67.020535, "activity_lines": [ 451.870667, 439.334181, 413.341285, 400.133118 ] }, { "date": "2024-05-31", "close": 469.0, "volume": 13180, "typical_volume": 38677.25, "trend": 390.443667, "fair_value": 404.596667, "relative_strength": 21.331616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.233228, "energy": 71.231995, "activity_lines": [ 460.642, 447.293818, 420.517476, 405.404494 ] }, { "date": "2024-06-07", "close": 491.0, "volume": 25313, "typical_volume": 39187.4, "trend": 394.643667, "fair_value": 404.44218, "relative_strength": 31.519558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.182089, "energy": 83.572748, "activity_lines": [ 473.980001, 457.598909, 429.254952, 411.891999 ] }, { "date": "2024-06-14", "close": 499.269989, "volume": 2967, "typical_volume": 36101.4, "trend": 398.786, "fair_value": 404.475962, "relative_strength": 34.679367, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.063405, "energy": 75.994538, "activity_lines": [ 484.796663, 467.207816, 438.123618, 418.642085 ] }, { "date": "2024-06-21", "close": 490.0, "volume": 2538, "typical_volume": 36080.3, "trend": 402.402666, "fair_value": 404.552885, "relative_strength": 29.828739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.470952, "energy": 65.089126, "activity_lines": [ 488.10533, 473.564544, 445.436713, 424.526859 ] }, { "date": "2024-06-28", "close": 487.079987, "volume": 2778, "typical_volume": 35995.05, "trend": 405.305332, "fair_value": 404.566218, "relative_strength": 28.987547, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.978599, "energy": 61.577045, "activity_lines": [ 489.613993, 478.254905, 451.862188, 429.989912 ] }, { "date": "2024-07-05", "close": 516.299988, "volume": 16047, "typical_volume": 36765.55, "trend": 410.309665, "fair_value": 404.79, "relative_strength": 35.845096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.394283, "energy": 67.448202, "activity_lines": [ 499.290658, 487.586176, 460.418759, 437.150857 ] }, { "date": "2024-07-12", "close": 496.0, "volume": 15133, "typical_volume": 37280.0, "trend": 414.223998, "fair_value": 404.931026, "relative_strength": 23.656665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.938227, "energy": 59.692308, "activity_lines": [ 499.047327, 491.611995, 466.321521, 442.679266 ] }, { "date": "2024-07-19", "close": 482.309998, "volume": 7921, "typical_volume": 35358.1, "trend": 417.742665, "fair_value": 405.011795, "relative_strength": 22.503557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.780958, "energy": 52.690524, "activity_lines": [ 493.907329, 491.618359, 470.265854, 447.071911 ] }, { "date": "2024-07-26", "close": 470.0, "volume": 12022, "typical_volume": 23215.4, "trend": 421.093331, "fair_value": 405.026603, "relative_strength": 20.643381, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.123756, "energy": 40.66993, "activity_lines": [ 485.794664, 488.489996, 472.445949, 450.443352 ] }, { "date": "2024-08-02", "close": 497.640015, "volume": 56825, "typical_volume": 24398.55, "trend": 425.719998, "fair_value": 405.316795, "relative_strength": 28.243503, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.013115, "energy": 35.357803, "activity_lines": [ 488.22867, 490.525272, 476.801284, 455.381848 ] }, { "date": "2024-08-09", "close": 473.0, "volume": 3366, "typical_volume": 23961.2, "trend": 429.590998, "fair_value": 405.554679, "relative_strength": 19.328342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.177267, "energy": 24.244761, "activity_lines": [ 481.745337, 487.459818, 478.27357, 458.432171 ] }, { "date": "2024-08-16", "close": 491.75, "volume": 18968, "typical_volume": 24865.15, "trend": 434.210999, "fair_value": 405.918462, "relative_strength": 20.943739, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.258301, "energy": 26.922867, "activity_lines": [ 484.39867, 487.730727, 481.079189, 462.442429 ] }, { "date": "2024-08-23", "close": 518.5, "volume": 44475, "typical_volume": 24574.15, "trend": 439.560999, "fair_value": 406.35641, "relative_strength": 28.051875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.403797, "energy": 46.102469, "activity_lines": [ 496.252002, 492.851637, 485.852713, 467.880429 ] }, { "date": "2024-08-30", "close": 518.98999, "volume": 3795, "typical_volume": 22897.85, "trend": 444.793998, "fair_value": 406.758526, "relative_strength": 28.690265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.055125, "energy": 49.509451, "activity_lines": [ 505.855998, 497.711999, 490.170998, 473.00488 ] }, { "date": "2024-09-06", "close": 509.420013, "volume": 16615, "typical_volume": 19453.05, "trend": 450.100999, "fair_value": 407.215, "relative_strength": 29.88076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.372622, "energy": 61.382104, "activity_lines": [ 509.004002, 500.305274, 493.142428, 477.1743 ] }, { "date": "2024-09-13", "close": 538.5, "volume": 32425, "typical_volume": 20819.3, "trend": 455.884332, "fair_value": 407.999487, "relative_strength": 33.734693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.307914, "energy": 78.292135, "activity_lines": [ 521.060001, 507.779638, 498.601047, 482.877462 ] }, { "date": "2024-09-20", "close": 550.539978, "volume": 14112, "typical_volume": 20973.0, "trend": 462.284665, "fair_value": 408.861987, "relative_strength": 35.106496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.829528, "energy": 82.692272, "activity_lines": [ 532.762661, 517.039452, 504.67776, 488.984278 ] }, { "date": "2024-09-27", "close": 566.5, "volume": 40281, "typical_volume": 22566.95, "trend": 469.233999, "fair_value": 409.753077, "relative_strength": 36.208561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.694717, "energy": 84.56584, "activity_lines": [ 545.865995, 528.209452, 511.61395, 495.707848 ] }, { "date": "2024-10-04", "close": 565.5, "volume": 5915, "typical_volume": 21454.95, "trend": 475.617332, "fair_value": 410.589615, "relative_strength": 35.234594, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.649774, "energy": 87.596937, "activity_lines": [ 555.435996, 537.666907, 517.819189, 501.918557 ] }, { "date": "2024-10-11", "close": 556.0, "volume": 11508, "typical_volume": 17309.2, "trend": 481.317332, "fair_value": 411.324551, "relative_strength": 32.538768, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.568188, "energy": 78.133388, "activity_lines": [ 558.738664, 543.660725, 522.701094, 507.104536 ] }, { "date": "2024-10-18", "close": 608.590027, "volume": 23722, "typical_volume": 17836.3, "trend": 489.003666, "fair_value": 412.314808, "relative_strength": 42.186124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.446823, "energy": 86.28286, "activity_lines": [ 576.466008, 558.155276, 532.151096, 515.315678 ] }, { "date": "2024-10-25", "close": 612.820007, "volume": 123839, "typical_volume": 22762.6, "trend": 497.097333, "fair_value": 413.332885, "relative_strength": 45.218525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.7497, "energy": 87.99421, "activity_lines": [ 590.930676, 570.95364, 541.33924, 523.303829 ] }, { "date": "2024-11-01", "close": 598.75, "volume": 36687, "typical_volume": 24448.6, "trend": 503.285666, "fair_value": 414.255321, "relative_strength": 43.608304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.913524, "energy": 74.249837, "activity_lines": [ 596.553341, 578.992549, 548.607288, 529.862065 ] }, { "date": "2024-11-08", "close": 575.0, "volume": 39525, "typical_volume": 26297.95, "trend": 508.200666, "fair_value": 414.864295, "relative_strength": 33.422501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.057996, "energy": 61.488369, "activity_lines": [ 592.109338, 581.254185, 553.139716, 534.488796 ] }, { "date": "2024-11-15", "close": 565.0, "volume": 18669, "typical_volume": 27092.5, "trend": 512.029666, "fair_value": 415.434808, "relative_strength": 33.417449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.79899, "energy": 51.766678, "activity_lines": [ 583.698669, 580.679276, 556.315002, 538.15327 ] }, { "date": "2024-11-22", "close": 584.0, "volume": 4718, "typical_volume": 26526.05, "trend": 517.246333, "fair_value": 416.166026, "relative_strength": 36.64198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.91903, "energy": 40.736331, "activity_lines": [ 581.021334, 582.548366, 560.928764, 542.796517 ] }, { "date": "2024-11-29", "close": 564.909973, "volume": 5904, "typical_volume": 26064.6, "trend": 522.348999, "fair_value": 416.94109, "relative_strength": 32.633863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.921919, "energy": 28.121197, "activity_lines": [ 573.619991, 580.11927, 563.402047, 545.87159 ] }, { "date": "2024-12-06", "close": 570.0, "volume": 20891, "typical_volume": 26713.1, "trend": 526.915666, "fair_value": 417.846539, "relative_strength": 28.562098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.39545, "energy": 24.001773, "activity_lines": [ 571.109326, 578.354361, 566.031951, 548.945849 ] }, { "date": "2024-12-13", "close": 559.080017, "volume": 13371, "typical_volume": 26780.55, "trend": 529.631666, "fair_value": 418.667564, "relative_strength": 24.27355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.315723, "energy": 20.014444, "activity_lines": [ 566.875334, 574.540364, 567.204286, 551.020968 ] }, { "date": "2024-12-20", "close": 542.640015, "volume": 12829, "typical_volume": 24580.75, "trend": 532.269667, "fair_value": 419.341539, "relative_strength": 24.366651, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.759523, "energy": 17.721005, "activity_lines": [ 558.222673, 567.854003, 566.386716, 551.860216 ] }, { "date": "2024-12-27", "close": 541.200012, "volume": 1844, "typical_volume": 24504.65, "trend": 534.676334, "fair_value": 419.987052, "relative_strength": 23.554284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.599532, "energy": 14.883007, "activity_lines": [ 550.580676, 561.148732, 565.217717, 552.436368 ] }, { "date": "2025-01-03", "close": 557.710022, "volume": 5702, "typical_volume": 23841.35, "trend": 536.900001, "fair_value": 420.861795, "relative_strength": 26.8166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.650689, "energy": 16.870555, "activity_lines": [ 551.295349, 558.670553, 565.296338, 553.922412 ] }, { "date": "2025-01-10", "close": 572.400024, "volume": 16844, "typical_volume": 22459.8, "trend": 539.337669, "fair_value": 421.766924, "relative_strength": 27.084889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.551218, "energy": 15.19883, "activity_lines": [ 557.386686, 559.865284, 566.459912, 556.212736 ] }, { "date": "2025-01-17", "close": 571.179993, "volume": 14298, "typical_volume": 22984.95, "trend": 542.043669, "fair_value": 422.495129, "relative_strength": 24.602635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.310687, "energy": 16.003238, "activity_lines": [ 562.911344, 561.317282, 567.250625, 558.26708 ] }, { "date": "2025-01-24", "close": 566.0, "volume": 2214, "typical_volume": 22264.9, "trend": 544.674336, "fair_value": 423.360514, "relative_strength": 18.89054, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.140329, "energy": 21.818597, "activity_lines": [ 565.902673, 561.896917, 567.299482, 559.812649 ] }, { "date": "2025-01-31", "close": 588.98999, "volume": 17448, "typical_volume": 21516.05, "trend": 547.097336, "fair_value": 424.373398, "relative_strength": 22.731186, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 53.45198, "energy": 37.130723, "activity_lines": [ 575.0, 566.638369, 569.268433, 562.671724 ] }, { "date": "2025-02-07", "close": 597.0, "volume": 9172, "typical_volume": 21269.05, "trend": 550.464002, "fair_value": 425.334936, "relative_strength": 19.34047, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.756842, "energy": 61.757879, "activity_lines": [ 583.581331, 572.745459, 571.759814, 565.891251 ] }, { "date": "2025-02-14", "close": 593.0, "volume": 14087, "typical_volume": 19959.35, "trend": 554.153669, "fair_value": 426.264424, "relative_strength": 14.712434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.044142, "energy": 62.546109, "activity_lines": [ 588.209998, 577.541821, 573.649004, 568.635508 ] }, { "date": "2025-02-21", "close": 604.130005, "volume": 839171, "typical_volume": 61622.15, "trend": 558.624669, "fair_value": 427.21218, "relative_strength": 16.451848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.084502, "energy": 71.234189, "activity_lines": [ 595.175334, 583.943639, 576.472004, 571.859788 ] }, { "date": "2025-02-28", "close": 579.599976, "volume": 44579, "typical_volume": 63275.7, "trend": 561.356668, "fair_value": 427.747436, "relative_strength": 13.691822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.667378, "energy": 53.385449, "activity_lines": [ 591.767326, 585.066361, 576.774858, 573.213034 ] }, { "date": "2025-03-07", "close": 599.780029, "volume": 12147, "typical_volume": 62696.95, "trend": 565.582669, "fair_value": 428.395193, "relative_strength": 15.470581, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.581798, "energy": 41.828898, "activity_lines": [ 594.179338, 589.186184, 578.887242, 575.69196 ] }, { "date": "2025-03-14", "close": 614.190002, "volume": 23618, "typical_volume": 57685.9, "trend": 569.664002, "fair_value": 429.332308, "relative_strength": 17.925292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.895285, "energy": 50.361342, "activity_lines": [ 600.675338, 594.860911, 582.413956, 578.827917 ] }, { "date": "2025-03-21", "close": 605.169983, "volume": 21559, "typical_volume": 56929.5, "trend": 572.553002, "fair_value": 430.205193, "relative_strength": 14.708704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.501885, "energy": 42.339973, "activity_lines": [ 603.018664, 597.868726, 585.075097, 581.118626 ] }, { "date": "2025-03-28", "close": 633.409973, "volume": 16991, "typical_volume": 55802.8, "trend": 576.367001, "fair_value": 431.364872, "relative_strength": 17.696906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.035955, "energy": 67.609958, "activity_lines": [ 613.963989, 605.415266, 590.395189, 585.044882 ] }, { "date": "2025-04-04", "close": 552.650024, "volume": 840644, "typical_volume": 96901.55, "trend": 577.808002, "fair_value": 431.967757, "relative_strength": 5.396893, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.839097, "energy": 17.535466, "activity_lines": [ 596.037333, 597.146726, 587.745715, 583.514754 ] }, { "date": "2025-04-11", "close": 593.0, "volume": 10568, "typical_volume": 97194.05, "trend": 579.624668, "fair_value": 432.74359, "relative_strength": 12.153403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.33977, "energy": 17.69978, "activity_lines": [ 593.357332, 596.457272, 588.997906, 584.494883 ] }, { "date": "2025-04-18", "close": 595.630005, "volume": 16853, "typical_volume": 97741.5, "trend": 581.127669, "fair_value": 433.635, "relative_strength": 8.774696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.908047, "energy": 15.380512, "activity_lines": [ 592.006002, 596.173091, 590.457715, 585.527486 ] }, { "date": "2025-04-25", "close": 583.869995, "volume": 4108020, "typical_volume": 302097.95, "trend": 581.706669, "fair_value": 434.621346, "relative_strength": -0.867071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.969983, "energy": 19.033124, "activity_lines": [ 587.972001, 593.775636, 590.651238, 585.70441 ] }, { "date": "2025-05-02", "close": 569.940002, "volume": 11697, "typical_volume": 302014.25, "trend": 581.854669, "fair_value": 435.608462, "relative_strength": -2.201701, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.911978, "energy": 12.810074, "activity_lines": [ 580.714669, 589.011454, 589.452048, 584.94527 ] }, { "date": "2025-05-09", "close": 580.47998, "volume": 5001, "typical_volume": 301622.85, "trend": 582.670668, "fair_value": 436.832692, "relative_strength": -2.192742, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.210592, "energy": 11.110592, "activity_lines": [ 581.201994, 586.785269, 589.20495, 584.85658 ] }, { "date": "2025-05-16", "close": 570.179993, "volume": 18001, "typical_volume": 302430.7, "trend": 581.390334, "fair_value": 437.941731, "relative_strength": -6.570731, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.75301, "energy": 18.277608, "activity_lines": [ 576.400659, 582.670359, 587.796712, 584.05073 ] }, { "date": "2025-05-23", "close": 585.700012, "volume": 150343, "typical_volume": 309662.75, "trend": 580.486334, "fair_value": 439.136923, "relative_strength": -5.011653, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.76308, "energy": 15.025869, "activity_lines": [ 578.293998, 581.915453, 587.72857, 584.328774 ] }, { "date": "2025-05-30", "close": 581.109985, "volume": 16095, "typical_volume": 309625.3, "trend": 579.898334, "fair_value": 440.316667, "relative_strength": -5.096939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.312726, "energy": 9.182259, "activity_lines": [ 579.319328, 580.843996, 587.089997, 584.36901 ] }, { "date": "2025-06-06", "close": 625.400024, "volume": 44031, "typical_volume": 311111.95, "trend": 581.578334, "fair_value": 441.742308, "relative_strength": 1.472611, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.188654, "energy": 23.953135, "activity_lines": [ 595.292004, 588.262728, 590.628047, 587.304603 ] }, { "date": "2025-06-13", "close": 624.419983, "volume": 27293, "typical_volume": 312365.9, "trend": 583.559001, "fair_value": 443.139231, "relative_strength": 2.169587, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 60.595856, "energy": 47.220054, "activity_lines": [ 607.240666, 595.648907, 593.81457, 590.06858 ] }, { "date": "2025-06-20", "close": 628.0, "volume": 18284, "typical_volume": 312407.7, "trend": 585.025667, "fair_value": 444.680897, "relative_strength": 4.544125, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.580605, "energy": 61.178493, "activity_lines": [ 617.453332, 602.381089, 597.063855, 592.935741 ] }, { "date": "2025-06-27", "close": 615.0, "volume": 14800, "typical_volume": 312689.1, "trend": 586.695335, "fair_value": 446.242821, "relative_strength": 0.112449, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.25217, "energy": 62.655619, "activity_lines": [ 619.477999, 606.113271, 598.889284, 594.869569 ] }, { "date": "2025-07-04", "close": 637.0, "volume": 229825, "typical_volume": 323476.0, "trend": 588.928668, "fair_value": 447.992821, "relative_strength": 2.43882, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.165883, "energy": 73.631662, "activity_lines": [ 626.882666, 613.493272, 602.724237, 598.115031 ] }, { "date": "2025-07-11", "close": 653.840027, "volume": 7240, "typical_volume": 281879.45, "trend": 592.087335, "fair_value": 449.914872, "relative_strength": 7.232589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.988711, "energy": 78.664154, "activity_lines": [ 636.174675, 622.969095, 607.953477, 602.302861 ] }, { "date": "2025-07-18", "close": 649.52002, "volume": 22151, "typical_volume": 280758.05, "trend": 595.650002, "fair_value": 451.822052, "relative_strength": 6.643481, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.567654, "energy": 75.25306, "activity_lines": [ 642.130681, 630.134008, 612.534575, 606.008195 ] }, { "date": "2025-07-25", "close": 643.0, "volume": 47445, "typical_volume": 282522.95, "trend": 599.043335, "fair_value": 453.499936, "relative_strength": 3.214468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.082239, "energy": 70.903796, "activity_lines": [ 644.240011, 634.858189, 616.161765, 609.063034 ] }, { "date": "2025-08-01", "close": 634.0, "volume": 14997, "typical_volume": 282091.9, "trend": 601.586334, "fair_value": 455.169808, "relative_strength": 2.234001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.114442, "energy": 51.739351, "activity_lines": [ 642.349341, 636.622006, 618.726003, 611.318303 ] }, { "date": "2025-08-08", "close": 646.200012, "volume": 11311, "typical_volume": 281579.5, "trend": 604.046334, "fair_value": 456.876218, "relative_strength": 1.704682, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.818198, "energy": 46.538575, "activity_lines": [ 643.258675, 639.725826, 622.357814, 614.196605 ] }, { "date": "2025-08-15", "close": 649.72998, "volume": 10798, "typical_volume": 281269.85, "trend": 606.664667, "fair_value": 458.768013, "relative_strength": 1.456108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.525928, "energy": 44.002135, "activity_lines": [ 644.731331, 642.288003, 626.130431, 617.143937 ] }, { "date": "2025-08-22", "close": 659.98999, "volume": 13321, "typical_volume": 239903.7, "trend": 609.797666, "fair_value": 460.767949, "relative_strength": 1.226297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.894592, "energy": 47.398944, "activity_lines": [ 649.897994, 646.273273, 630.802477, 620.58428 ] }, { "date": "2025-08-29", "close": 674.890015, "volume": 7858, "typical_volume": 239768.2, "trend": 612.661001, "fair_value": 462.967244, "relative_strength": 4.115593, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.245567, "energy": 60.700528, "activity_lines": [ 659.333333, 652.320912, 636.382431, 624.783786 ] }, { "date": "2025-09-05", "close": 696.960022, "volume": 35667, "typical_volume": 240708.9, "trend": 615.993001, "fair_value": 465.226347, "relative_strength": 4.090757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.940131, "energy": 83.619164, "activity_lines": [ 673.999341, 661.528733, 643.674338, 630.222433 ] }, { "date": "2025-09-12", "close": 706.719971, "volume": 20254, "typical_volume": 36320.6, "trend": 619.783667, "fair_value": 467.480962, "relative_strength": 3.101309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.135995, "energy": 90.695886, "activity_lines": [ 687.72133, 671.020908, 651.413239, 636.075786 ] }, { "date": "2025-09-19", "close": 716.859985, "volume": 15015, "typical_volume": 36486.5, "trend": 623.541333, "fair_value": 469.830705, "relative_strength": 5.390816, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.099621, "energy": 92.018904, "activity_lines": [ 700.78866, 681.089087, 659.532857, 642.338774 ] }, { "date": "2025-09-26", "close": 768.700012, "volume": 76181, "typical_volume": 40045.5, "trend": 629.844667, "fair_value": 472.488911, "relative_strength": 10.697521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.483264, "energy": 96.894673, "activity_lines": [ 726.660665, 699.436907, 671.890001, 651.70385 ] }, { "date": "2025-10-03", "close": 803.0, "volume": 87934, "typical_volume": 43542.15, "trend": 636.618667, "fair_value": 475.264552, "relative_strength": 15.798075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.361399, "energy": 97.748169, "activity_lines": [ 756.718664, 721.85418, 686.617525, 662.875162 ] }, { "date": "2025-10-10", "close": 839.349976, "volume": 88569, "typical_volume": 40453.45, "trend": 644.123999, "fair_value": 478.48468, "relative_strength": 23.181341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.681908, "energy": 98.220644, "activity_lines": [ 790.352657, 747.971449, 703.698284, 675.954601 ] }, { "date": "2025-10-17", "close": 864.200012, "volume": 243113, "typical_volume": 51804.35, "trend": 652.758333, "fair_value": 481.755834, "relative_strength": 23.881162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.384611, "energy": 97.112586, "activity_lines": [ 822.777332, 774.87327, 721.937857, 690.153054 ] }, { "date": "2025-10-24", "close": 812.890015, "volume": 255388, "typical_volume": 62372.2, "trend": 658.741001, "fair_value": 484.726924, "relative_strength": 17.374695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.406587, "energy": 86.059404, "activity_lines": [ 827.600004, 788.482364, 733.942715, 700.48413 ] }, { "date": "2025-10-31", "close": 818.22998, "volume": 57187, "typical_volume": 63866.9, "trend": 667.593667, "fair_value": 487.564936, "relative_strength": 14.854067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.700296, "energy": 67.27349, "activity_lines": [ 827.800663, 800.095815, 745.563332, 710.773741 ] }, { "date": "2025-11-07", "close": 808.030029, "volume": 10243, "typical_volume": 63464.85, "trend": 674.761334, "fair_value": 490.257436, "relative_strength": 12.021173, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.26291, "energy": 64.36373, "activity_lines": [ 821.299341, 806.977639, 755.28962, 719.834152 ] }, { "date": "2025-11-14", "close": 843.030029, "volume": 73792, "typical_volume": 66414.45, "trend": 683.008002, "fair_value": 493.264039, "relative_strength": 18.371434, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.39335, "energy": 60.045942, "activity_lines": [ 826.12935, 817.802371, 767.491956, 730.690197 ] }, { "date": "2025-11-21", "close": 837.0, "volume": 24200, "typical_volume": 56133.2, "trend": 691.445668, "fair_value": 496.205001, "relative_strength": 17.995495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.163773, "energy": 55.06339, "activity_lines": [ 828.704012, 824.874917, 778.034146, 740.625164 ] }, { "date": "2025-11-28", "close": 936.789978, "volume": 42490, "typical_volume": 57895.7, "trend": 703.674001, "fair_value": 499.559744, "relative_strength": 27.766165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.311031, "energy": 67.658036, "activity_lines": [ 866.355334, 847.722367, 797.127763, 756.45383 ] }, { "date": "2025-12-05", "close": 962.280029, "volume": 67691, "typical_volume": 60172.7, "trend": 716.400669, "fair_value": 502.997309, "relative_strength": 30.804348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.732402, "energy": 72.824718, "activity_lines": [ 904.243343, 871.205644, 817.301623, 773.138089 ] }, { "date": "2025-12-12", "close": 1034.699951, "volume": 38567, "typical_volume": 59728.8, "trend": 731.884668, "fair_value": 506.919744, "relative_strength": 36.582334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.20428, "energy": 93.379419, "activity_lines": [ 956.667989, 904.336543, 842.883285, 793.673527 ] }, { "date": "2025-12-19", "close": 1096.930054, "volume": 132874, "typical_volume": 65622.65, "trend": 748.925669, "fair_value": 511.226988, "relative_strength": 45.005374, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.083378, "energy": 96.909505, "activity_lines": [ 1014.724674, 944.56928, 872.526385, 817.224842 ] }, { "date": "2025-12-26", "close": 1269.839966, "volume": 101834, "typical_volume": 70148.8, "trend": 771.883335, "fair_value": 516.616988, "relative_strength": 61.397395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 98.076272, "energy": 99.024101, "activity_lines": [ 1113.491329, 1011.556909, 916.432667, 850.832216 ] }, { "date": "2026-01-02", "close": 1176.51001, "volume": 83528, "typical_volume": 73785.3, "trend": 790.253668, "fair_value": 521.466411, "relative_strength": 51.332931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.132594, "energy": 91.344806, "activity_lines": [ 1152.292, 1054.200183, 948.480668, 876.937163 ] }, { "date": "2026-01-09", "close": 1297.51001, "volume": 2167520, "typical_volume": 181495.25, "trend": 812.690002, "fair_value": 527.095898, "relative_strength": 59.987268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.376583, "energy": 95.133845, "activity_lines": [ 1215.44467, 1112.232184, 989.544003, 909.663379 ] }, { "date": "2026-01-16", "close": 1430.359985, "volume": 280450, "typical_volume": 195124.85, "trend": 839.435335, "fair_value": 533.599424, "relative_strength": 70.893759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.796453, "energy": 94.059322, "activity_lines": [ 1300.531999, 1185.704544, 1040.223906, 949.513055 ] }, { "date": "2026-01-23", "close": 1610.51001, "volume": 324118, "typical_volume": 209547.4, "trend": 872.619002, "fair_value": 541.304616, "relative_strength": 85.832566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.992626, "energy": 93.083425, "activity_lines": [ 1419.292, 1280.616364, 1104.463478, 999.259808 ] }, { "date": "2026-01-30", "close": 1299.859985, "volume": 379306, "typical_volume": 227500.0, "trend": 894.714335, "fair_value": 547.130642, "relative_strength": 49.561403, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.666026, "energy": 67.098589, "activity_lines": [ 1400.26333, 1305.09218, 1134.767096, 1026.823742 ] }, { "date": "2026-02-06", "close": 1211.680054, "volume": 183550, "typical_volume": 235926.75, "trend": 913.309003, "fair_value": 552.468334, "relative_strength": 31.947708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.305096, "energy": 58.859434, "activity_lines": [ 1349.840015, 1305.119644, 1153.848148, 1047.273144 ] }, { "date": "2026-02-13", "close": 1191.77002, "volume": 102522, "typical_volume": 237243.8, "trend": 931.384003, "fair_value": 557.753912, "relative_strength": 27.485524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.64045, "energy": 42.724693, "activity_lines": [ 1290.435352, 1296.529102, 1168.676721, 1065.238371 ] }, { "date": "2026-02-20", "close": 1302.77002, "volume": 99301, "typical_volume": 237812.15, "trend": 953.376337, "fair_value": 563.848591, "relative_strength": 38.022227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.715212, "energy": 27.229076, "activity_lines": [ 1275.080021, 1303.947832, 1192.062104, 1089.198759 ] }, { "date": "2026-02-27", "close": 1459.650024, "volume": 121936, "typical_volume": 239480.5, "trend": 980.898004, "fair_value": 570.952117, "relative_strength": 52.629202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.856885, "energy": 35.668185, "activity_lines": [ 1320.524024, 1335.016198, 1228.008582, 1121.861577 ] }, { "date": "2026-03-06", "close": 1310.01001, "volume": 61943, "typical_volume": 230422.0, "trend": 1003.025004, "fair_value": 577.113527, "relative_strength": 43.636988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.545465, "energy": 29.972274, "activity_lines": [ 1326.145353, 1332.28238, 1246.74982, 1143.09461 ] }, { "date": "2026-03-13", "close": 1306.52002, "volume": 57544, "typical_volume": 220529.8, "trend": 1024.918005, "fair_value": 582.984168, "relative_strength": 45.196931, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.668523, "energy": 34.402359, "activity_lines": [ 1329.926685, 1328.183654, 1263.035773, 1162.674934 ] }, { "date": "2026-03-20", "close": 1105.109985, "volume": 50863, "typical_volume": 220213.6, "trend": 1039.755339, "fair_value": 587.561797, "relative_strength": 24.708311, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.739066, "energy": 18.129656, "activity_lines": [ 1260.248674, 1285.101103, 1257.7892, 1167.84861 ] }, { "date": "2026-03-27", "close": 1148.699951, "volume": 43260, "typical_volume": 221864.45, "trend": 1055.549003, "fair_value": 592.379424, "relative_strength": 23.753636, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.165785, "energy": 12.058685, "activity_lines": [ 1210.877987, 1253.442183, 1255.327956, 1174.877294 ] }, { "date": "2026-04-03", "close": 1219.01001, "volume": 11738, "typical_volume": 218761.75, "trend": 1072.950669, "fair_value": 597.499617, "relative_strength": 24.484763, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.32011, "energy": 13.988642, "activity_lines": [ 1195.215324, 1239.688002, 1257.940671, 1185.423166 ] }, { "date": "2026-04-10", "close": 1192.27002, "volume": 21173, "typical_volume": 218610.4, "trend": 1089.135671, "fair_value": 602.453271, "relative_strength": 20.287744, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.913046, "energy": 14.590393, "activity_lines": [ 1186.681999, 1228.190186, 1256.216339, 1193.121188 ] }, { "date": "2026-04-17", "close": 1273.449951, "volume": 22374, "typical_volume": 217604.6, "trend": 1107.68867, "fair_value": 607.942181, "relative_strength": 27.626984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.287539, "energy": 10.528845, "activity_lines": [ 1213.057983, 1233.408538, 1260.531667, 1205.012432 ] }, { "date": "2026-04-24", "close": 1196.01001, "volume": 20893, "typical_volume": 215264.7, "trend": 1121.932336, "fair_value": 612.958271, "relative_strength": 19.771296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.327402, "energy": 6.904445, "activity_lines": [ 1215.825326, 1223.423813, 1255.86862, 1210.710583 ] }, { "date": "2026-05-01", "close": 1168.98999, "volume": 95338, "typical_volume": 218103.25, "trend": 1134.132003, "fair_value": 617.764617, "relative_strength": 18.326452, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.341346, "energy": 5.202396, "activity_lines": [ 1203.525993, 1208.449265, 1247.519238, 1213.746561 ] }, { "date": "2026-05-08", "close": 1255.699951, "volume": 31367, "typical_volume": 213027.9, "trend": 1148.010335, "fair_value": 623.326732, "relative_strength": 22.223973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.015782, "energy": 13.79166, "activity_lines": [ 1218.777311, 1211.67253, 1246.788471, 1221.589654 ] }, { "date": "2026-05-15", "close": 1200.880005, "volume": 49883, "typical_volume": 210430.35, "trend": 1159.233002, "fair_value": 628.524873, "relative_strength": 18.901342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.725009, "energy": 10.726201, "activity_lines": [ 1213.309318, 1208.636714, 1240.08071, 1225.000601 ] }, { "date": "2026-05-22", "close": 1188.469971, "volume": 22929, "typical_volume": 207400.4, "trend": 1171.752334, "fair_value": 633.719552, "relative_strength": 15.952567, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.806545, "energy": 7.090319, "activity_lines": [ 1203.130648, 1205.328711, 1232.519421, 1226.886857 ] }, { "date": "2026-05-29", "close": 1183.920044, "volume": 29532, "typical_volume": 100501.0, "trend": 1183.942002, "fair_value": 638.87218, "relative_strength": 14.025679, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.476232, "energy": 4.796709, "activity_lines": [ 1197.100667, 1203.339813, 1224.467854, 1227.67187 ] }, { "date": "2026-06-05", "close": 1077.810059, "volume": 10549, "typical_volume": 87005.95, "trend": 1192.93467, "fair_value": 643.30045, "relative_strength": 6.895316, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.465789, "energy": 39.299358, "activity_lines": [ 1156.50669, 1180.62528, 1206.851479, 1220.824648 ] }, { "date": "2026-06-12", "close": 1055.76001, "volume": 7714, "typical_volume": 71185.75, "trend": 1200.025669, "fair_value": 647.651476, "relative_strength": 1.31833, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.717819, "energy": 54.651498, "activity_lines": [ 1114.641358, 1155.190554, 1188.813908, 1211.97467 ] }, { "date": "2026-06-19", "close": 1066.040039, "volume": 423, "typical_volume": 52241.6, "trend": 1207.660337, "fair_value": 652.21904, "relative_strength": 2.094498, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.286624, "energy": 71.694441, "activity_lines": [ 1089.532031, 1134.593106, 1174.397054, 1203.330436 ] }, { "date": "2026-06-26", "close": 934.0, "volume": 3926, "typical_volume": 43260.4, "trend": 1207.567338, "fair_value": 655.934168, "relative_strength": -10.268674, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.208957, "energy": 85.161425, "activity_lines": [ 1029.39869, 1092.28347, 1148.518387, 1185.67493 ] }, { "date": "2026-07-03", "close": 1002.0, "volume": 463, "typical_volume": 38157.45, "trend": 1208.891337, "fair_value": 660.052758, "relative_strength": -3.96987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.342794, "energy": 79.132705, "activity_lines": [ 1008.89668, 1068.509286, 1130.438196, 1172.412521 ] }, { "date": "2026-07-10", "close": 945.429993, "volume": 17464, "typical_volume": 34065.6, "trend": 1205.915672, "fair_value": 663.660386, "relative_strength": -8.922352, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.709891, "energy": 82.172685, "activity_lines": [ 981.666004, 1037.977102, 1107.874052, 1155.415015 ] }, { "date": "2026-07-17", "close": 889.210022, "volume": 13092, "typical_volume": 28623.4, "trend": 1198.991671, "fair_value": 666.902245, "relative_strength": -14.705239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.453128, "energy": 87.774042, "activity_lines": [ 944.520675, 1001.287832, 1081.657244, 1134.982393 ] }, { "date": "2026-07-24", "close": 922.890015, "volume": 6316, "typical_volume": 25842.05, "trend": 1187.426672, "fair_value": 670.435514, "relative_strength": -11.432248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.347381, "energy": 78.695978, "activity_lines": [ 929.705343, 977.38565, 1061.364436, 1117.169383 ] }, { "date": "2026-07-31", "close": 908.0, "volume": 5641, "typical_volume": 23246.9, "trend": 1178.476339, "fair_value": 673.897053, "relative_strength": -13.837798, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.714424, "energy": 76.581875, "activity_lines": [ 919.470007, 955.830557, 1041.49696, 1099.141855 ] }, { "date": "2026-08-07", "close": 986.0, "volume": 46121, "typical_volume": 23009.8, "trend": 1168.092672, "fair_value": 677.954745, "relative_strength": -6.848355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.65244, "energy": 56.364629, "activity_lines": [ 936.968005, 953.556735, 1030.955769, 1086.724027 ] } ], "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." } } }