{ "ticker": { "uuid": "67de55d4-f03e-4fa1-b40d-f65a72da04b0", "symbol": "XPHG", "name": "Xtrackers MSCI Philippines UCITS ETF 1C", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 77.417, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 42.184, "architecture_energy": 51.882, "architecture_maturity": 12.935, "architecture_confidence": 57.264, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 17.92, "rotation_up": 70.63, "upward_expansion": 61.27, "deceleration": 21.77, "rotation_down": 18.64, "downward_expansion": 17.27 }, "activity_lines": [ 117.973333, 116.81, 114.427143, 114.175269 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 118.9, "trend_reference": 114.691667, "distance_from_trend": 0.036693, "trend_direction": "Improving", "fair_value": 118.973526, "distance_from_fair_value": -0.000618, "fair_value_direction": "Improving", "relative_strength": -4.831806, "relative_strength_direction": "Improving", "price_momentum": -0.002098, "excess_performance": -0.053334, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.036693, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.009891, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.000618, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.072996, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.048318, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.059993, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.002098, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.089376, "read": "Demand-led" } ], "volume": { "latest": 117907, "relative_activity": 0.512805, "balance": 1.089376, "dry_up": 0.581488, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.031527, "annualized_volatility": 0.196229, "from_high_reference": -0.200726, "from_low_reference": 0.136711 }, "levels": { "trend_reference": 114.691667, "fair_value_reference": 118.973526, "structural_low": 106.0, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": -0.008201, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.010104, "regime_survival": 0.3, "best_return": 0.060259, "worst_return": -0.13209, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.052163, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.050108, "regime_survival": 0.0, "best_return": 0.071606, "worst_return": -0.074136, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.04553, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.102113, "regime_survival": 0.0, "best_return": 0.043567, "worst_return": -0.144763, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.056341, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.108888, "regime_survival": 0.0, "best_return": -0.000814, "worst_return": -0.127141, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-17", "tenure": "New", "return": 0.000409, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-05-09", "tenure": "Established", "return": 0.047116, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-06-13", "tenure": "Developing", "return": -0.020623, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-09-26", "tenure": "Established", "return": -0.040017, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": -0.003102, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-24", "end": "2025-10-31", "tenure": "New", "return": -0.244084, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2026-02-06", "tenure": "Established", "return": 0.101202, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": 0.047897, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.044782, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.00907, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.021001, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-17", "end": "2026-06-19", "tenure": "Developing", "return": 0.035714, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-03", "tenure": "New", "return": 0.017226, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-08-07", "tenure": "Developing", "return": 0.027658, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 115.400002, "volume": 34887, "typical_volume": 68480.25, "trend": 124.176667, "fair_value": 126.233334, "relative_strength": -3.770733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.85655, "energy": 54.41476, "activity_lines": [ 118.093336, 119.093638, 120.020715, 121.42656 ] }, { "date": "2023-08-25", "close": 113.900002, "volume": 69008, "typical_volume": 70311.45, "trend": 123.451667, "fair_value": 126.247757, "relative_strength": -5.777672, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.361346, "energy": 77.191225, "activity_lines": [ 116.173336, 118.118184, 119.350954, 120.763549 ] }, { "date": "2023-09-01", "close": 114.650002, "volume": 0, "typical_volume": 69315.7, "trend": 122.640001, "fair_value": 126.283654, "relative_strength": -6.464229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.534674, "energy": 80.830733, "activity_lines": [ 115.153335, 117.357275, 118.800478, 120.1957 ] }, { "date": "2023-09-08", "close": 116.150002, "volume": 35718, "typical_volume": 65792.75, "trend": 122.008334, "fair_value": 126.275, "relative_strength": -5.194707, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.051951, "energy": 76.986889, "activity_lines": [ 115.193335, 116.92182, 118.426906, 119.77699 ] }, { "date": "2023-09-15", "close": 113.699997, "volume": 942, "typical_volume": 57660.1, "trend": 121.403333, "fair_value": 126.265064, "relative_strength": -9.69046, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.71355, "energy": 75.572634, "activity_lines": [ 114.683334, 116.132728, 117.842858, 119.240968 ] }, { "date": "2023-09-22", "close": 115.599998, "volume": 18194, "typical_volume": 57765.8, "trend": 120.96, "fair_value": 126.2625, "relative_strength": -7.565593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.563583, "energy": 48.253097, "activity_lines": [ 114.963333, 115.742728, 117.490477, 118.86656 ] }, { "date": "2023-09-29", "close": 119.800003, "volume": 16007, "typical_volume": 57681.25, "trend": 120.621667, "fair_value": 126.278526, "relative_strength": -3.162442, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.394794, "energy": 24.626106, "activity_lines": [ 116.63, 116.210001, 117.581191, 118.791721 ] }, { "date": "2023-10-06", "close": 118.5, "volume": 214635, "typical_volume": 63799.7, "trend": 120.311667, "fair_value": 126.295193, "relative_strength": -2.677683, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.759547, "energy": 18.801146, "activity_lines": [ 117.47, 116.51091, 117.558096, 118.654839 ] }, { "date": "2023-10-13", "close": 118.849998, "volume": 1203, "typical_volume": 63844.55, "trend": 120.131667, "fair_value": 126.320193, "relative_strength": -3.633499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.209112, "energy": 21.592246, "activity_lines": [ 118.169999, 116.958182, 117.592143, 118.560538 ] }, { "date": "2023-10-20", "close": 116.099998, "volume": 12056, "typical_volume": 43777.55, "trend": 119.73, "fair_value": 126.266667, "relative_strength": -3.210318, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.326499, "energy": 25.213356, "activity_lines": [ 117.773332, 116.92909, 117.386667, 118.300431 ] }, { "date": "2023-10-27", "close": 112.199997, "volume": 50886, "typical_volume": 38879.05, "trend": 119.27, "fair_value": 126.206731, "relative_strength": -4.880077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.251685, "energy": 37.07997, "activity_lines": [ 115.916665, 116.189999, 116.83381, 117.814624 ] }, { "date": "2023-11-03", "close": 115.599998, "volume": 17101, "typical_volume": 39244.0, "trend": 118.991667, "fair_value": 126.116026, "relative_strength": -3.576359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.25228, "energy": 38.492076, "activity_lines": [ 115.419998, 116.127271, 116.642857, 117.57785 ] }, { "date": "2023-11-10", "close": 119.099998, "volume": 10119, "typical_volume": 39476.55, "trend": 118.901667, "fair_value": 126.020193, "relative_strength": 0.168084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.474897, "energy": 25.662372, "activity_lines": [ 116.369998, 116.669998, 116.797619, 117.584839 ] }, { "date": "2023-11-17", "close": 118.199997, "volume": 56330, "typical_volume": 41925.55, "trend": 118.81, "fair_value": 125.896154, "relative_strength": -2.405619, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.060403, "energy": 12.938158, "activity_lines": [ 116.979998, 116.96818, 116.859285, 117.53957 ] }, { "date": "2023-11-24", "close": 118.050003, "volume": 32, "typical_volume": 41804.65, "trend": 118.6, "fair_value": 125.804808, "relative_strength": -2.226946, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.865495, "energy": 11.782716, "activity_lines": [ 117.583333, 117.201817, 116.920952, 117.490538 ] }, { "date": "2023-12-01", "close": 117.550003, "volume": 0, "typical_volume": 41804.65, "trend": 118.363334, "fair_value": 125.684616, "relative_strength": -3.111376, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.521546, "energy": 16.368758, "activity_lines": [ 117.890001, 117.265454, 116.928333, 117.422796 ] }, { "date": "2023-12-08", "close": 118.150002, "volume": 7890, "typical_volume": 40614.6, "trend": 118.238334, "fair_value": 125.54391, "relative_strength": -2.831538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.991209, "energy": 11.942534, "activity_lines": [ 118.040002, 117.402727, 117.008095, 117.409032 ] }, { "date": "2023-12-15", "close": 119.75, "volume": 84928, "typical_volume": 43836.25, "trend": 118.113334, "fair_value": 125.427244, "relative_strength": -1.696843, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.964403, "energy": 30.28534, "activity_lines": [ 118.553335, 117.860909, 117.266429, 117.506559 ] }, { "date": "2023-12-22", "close": 121.849998, "volume": 19784, "typical_volume": 39368.9, "trend": 118.056667, "fair_value": 125.340385, "relative_strength": -1.434548, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.850223, "energy": 47.460463, "activity_lines": [ 119.723334, 118.678182, 117.740476, 117.747634 ] }, { "date": "2023-12-29", "close": 120.800003, "volume": 1692, "typical_volume": 32570.6, "trend": 118.045, "fair_value": 125.24391, "relative_strength": -2.573009, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.911914, "energy": 56.106944, "activity_lines": [ 120.300001, 119.250001, 118.106429, 117.924624 ] }, { "date": "2024-01-05", "close": 124.550003, "volume": 99989, "typical_volume": 35825.7, "trend": 118.19, "fair_value": 125.150962, "relative_strength": 1.121635, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 85.782161, "energy": 83.31816, "activity_lines": [ 121.943335, 120.418183, 118.806905, 118.344301 ] }, { "date": "2024-01-12", "close": 124.050003, "volume": 68677, "typical_volume": 35809.15, "trend": 118.385001, "fair_value": 125.06891, "relative_strength": 1.677428, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.477691, "energy": 83.584516, "activity_lines": [ 122.953335, 121.270911, 119.416191, 118.722366 ] }, { "date": "2024-01-19", "close": 121.349998, "volume": 73558, "typical_volume": 39487.05, "trend": 118.511667, "fair_value": 125.003205, "relative_strength": 1.785556, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.315849, "energy": 72.94454, "activity_lines": [ 122.670001, 121.479092, 119.72, 118.913656 ] }, { "date": "2024-01-26", "close": 123.300003, "volume": 53071, "typical_volume": 40354.7, "trend": 118.581667, "fair_value": 125.000641, "relative_strength": 1.235919, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.82879, "energy": 70.762748, "activity_lines": [ 122.930002, 122.000911, 120.17762, 119.222581 ] }, { "date": "2024-02-02", "close": 124.599998, "volume": 68794, "typical_volume": 43747.3, "trend": 118.846667, "fair_value": 124.961218, "relative_strength": 2.718842, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.103646, "energy": 58.181413, "activity_lines": [ 123.526667, 122.666364, 120.725, 119.610861 ] }, { "date": "2024-02-09", "close": 128.050003, "volume": 174869, "typical_volume": 51581.05, "trend": 119.090001, "fair_value": 124.949039, "relative_strength": 6.190452, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.487401, "energy": 70.253974, "activity_lines": [ 125.020001, 123.840001, 121.549048, 120.204624 ] }, { "date": "2024-02-16", "close": 129.649994, "volume": 117704, "typical_volume": 56665.9, "trend": 119.29, "fair_value": 124.973398, "relative_strength": 5.534636, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.243569, "energy": 89.796258, "activity_lines": [ 126.813332, 125.113636, 122.466191, 120.885914 ] }, { "date": "2024-02-23", "close": 130.25, "volume": 32065, "typical_volume": 47537.4, "trend": 119.53, "fair_value": 125.01891, "relative_strength": 6.028068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.776353, "energy": 91.226843, "activity_lines": [ 128.433332, 126.287273, 123.393572, 121.593011 ] }, { "date": "2024-03-01", "close": 130.050003, "volume": 110090, "typical_volume": 52981.75, "trend": 119.86, "fair_value": 125.048398, "relative_strength": 6.119459, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.18401, "energy": 88.456346, "activity_lines": [ 129.393333, 127.233637, 124.245953, 122.271721 ] }, { "date": "2024-03-08", "close": 129.149994, "volume": 149348, "typical_volume": 59846.35, "trend": 120.296667, "fair_value": 125.097757, "relative_strength": 5.651974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.958749, "energy": 78.843149, "activity_lines": [ 129.603332, 127.867272, 124.959286, 122.871075 ] }, { "date": "2024-03-15", "close": 128.100006, "volume": 14376, "typical_volume": 58020.85, "trend": 120.72, "fair_value": 125.151603, "relative_strength": 3.920144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.150734, "energy": 59.1923, "activity_lines": [ 129.160001, 128.158182, 125.510477, 123.374516 ] }, { "date": "2024-03-22", "close": 128.5, "volume": 186347, "typical_volume": 66483.15, "trend": 121.206667, "fair_value": 125.203526, "relative_strength": 1.704956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.528734, "energy": 51.663716, "activity_lines": [ 128.846667, 128.457273, 126.024048, 123.876452 ] }, { "date": "2024-03-29", "close": 129.449997, "volume": 35056, "typical_volume": 67730.0, "trend": 121.7, "fair_value": 125.266346, "relative_strength": 2.205956, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.651676, "energy": 47.513626, "activity_lines": [ 128.926666, 128.848181, 126.566667, 124.40828 ] }, { "date": "2024-04-05", "close": 124.75, "volume": 116296, "typical_volume": 70728.3, "trend": 121.986666, "fair_value": 125.291667, "relative_strength": -0.960493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.501883, "energy": 28.177081, "activity_lines": [ 127.493333, 128.237272, 126.612381, 124.605054 ] }, { "date": "2024-04-12", "close": 124.400002, "volume": 61026, "typical_volume": 73778.0, "trend": 122.343333, "fair_value": 125.315064, "relative_strength": -2.290991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.617754, "energy": 20.508223, "activity_lines": [ 126.296667, 127.536364, 126.593572, 124.760753 ] }, { "date": "2024-04-19", "close": 120.400002, "volume": 119114, "typical_volume": 79733.7, "trend": 122.503333, "fair_value": 125.329487, "relative_strength": -4.234693, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.699908, "energy": 22.90257, "activity_lines": [ 124.083334, 126.111819, 126.163572, 124.635377 ] }, { "date": "2024-04-26", "close": 121.599998, "volume": 14369, "typical_volume": 80057.65, "trend": 122.563333, "fair_value": 125.353846, "relative_strength": -6.080731, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.257689, "energy": 30.695647, "activity_lines": [ 122.783333, 125.044546, 125.834286, 124.577097 ] }, { "date": "2024-05-03", "close": 123.550003, "volume": 32858, "typical_volume": 77454.15, "trend": 122.731667, "fair_value": 125.394231, "relative_strength": -5.318371, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.329731, "energy": 33.19739, "activity_lines": [ 122.593334, 124.478182, 125.674286, 124.640753 ] }, { "date": "2024-05-10", "close": 121.349998, "volume": 37853, "typical_volume": 78357.6, "trend": 122.815, "fair_value": 125.441346, "relative_strength": -9.287307, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.261716, "energy": 43.892583, "activity_lines": [ 122.063333, 123.633637, 125.286667, 124.551613 ] }, { "date": "2024-05-17", "close": 120.75, "volume": 85282, "typical_volume": 82537.1, "trend": 122.97, "fair_value": 125.490064, "relative_strength": -9.417479, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.851071, "energy": 52.34983, "activity_lines": [ 121.56, 122.838182, 124.844286, 124.418387 ] }, { "date": "2024-05-24", "close": 119.199997, "volume": 70753, "typical_volume": 81075.3, "trend": 123.203333, "fair_value": 125.470513, "relative_strength": -9.270316, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.698529, "energy": 46.191653, "activity_lines": [ 120.783332, 121.913636, 124.254524, 124.175161 ] }, { "date": "2024-05-31", "close": 114.349998, "volume": 94505, "typical_volume": 82366.7, "trend": 123.161667, "fair_value": 125.400321, "relative_strength": -12.293041, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.143212, "energy": 72.334102, "activity_lines": [ 118.469998, 120.26909, 123.228333, 123.603978 ] }, { "date": "2024-06-07", "close": 116.349998, "volume": 146811, "typical_volume": 86029.35, "trend": 123.07, "fair_value": 125.334295, "relative_strength": -10.238927, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.897192, "energy": 71.252596, "activity_lines": [ 117.306665, 119.245454, 122.438809, 123.164516 ] }, { "date": "2024-06-14", "close": 114.050003, "volume": 55993, "typical_volume": 86175.45, "trend": 122.931667, "fair_value": 125.251603, "relative_strength": -10.789462, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.552621, "energy": 87.547344, "activity_lines": [ 115.856666, 118.041818, 121.454047, 122.582581 ] }, { "date": "2024-06-21", "close": 110.050003, "volume": 26449, "typical_volume": 84058.2, "trend": 122.665, "fair_value": 125.138462, "relative_strength": -14.616617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.88468, "energy": 94.162015, "activity_lines": [ 113.560001, 116.305455, 120.132381, 121.751505 ] }, { "date": "2024-06-28", "close": 115.300003, "volume": 147374, "typical_volume": 82683.45, "trend": 122.59, "fair_value": 125.057692, "relative_strength": -9.517851, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.199188, "energy": 76.631635, "activity_lines": [ 113.726669, 115.784546, 119.38, 121.276344 ] }, { "date": "2024-07-05", "close": 115.550003, "volume": 1704, "typical_volume": 76883.45, "trend": 122.503334, "fair_value": 125.011218, "relative_strength": -9.53983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.468773, "energy": 65.779837, "activity_lines": [ 114.236669, 115.401819, 118.712144, 120.822151 ] }, { "date": "2024-07-12", "close": 117.349998, "volume": 53392, "typical_volume": 77949.8, "trend": 122.423334, "fair_value": 124.99391, "relative_strength": -8.447446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.056359, "energy": 49.59456, "activity_lines": [ 115.266668, 115.456364, 118.282858, 120.489678 ] }, { "date": "2024-07-19", "close": 119.949997, "volume": 63906, "typical_volume": 75640.6, "trend": 122.36, "fair_value": 125.015385, "relative_strength": -5.136093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.457311, "energy": 25.308036, "activity_lines": [ 117.096666, 116.096364, 118.162619, 120.330108 ] }, { "date": "2024-07-26", "close": 119.5, "volume": 295344, "typical_volume": 82940.4, "trend": 122.316667, "fair_value": 125.047115, "relative_strength": -6.793276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.58361, "energy": 27.120704, "activity_lines": [ 118.383333, 116.68, 118.047619, 120.145591 ] }, { "date": "2024-08-02", "close": 117.699997, "volume": 785793, "typical_volume": 121511.25, "trend": 122.088333, "fair_value": 125.052564, "relative_strength": -6.778578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.702902, "energy": 26.246766, "activity_lines": [ 118.439998, 116.959091, 117.807143, 119.847742 ] }, { "date": "2024-08-09", "close": 121.300003, "volume": 253121, "typical_volume": 124849.95, "trend": 121.996667, "fair_value": 125.088141, "relative_strength": -3.78099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.864538, "energy": 20.05525, "activity_lines": [ 119.536666, 117.92, 117.959048, 119.796882 ] }, { "date": "2024-08-16", "close": 124.949997, "volume": 120629, "typical_volume": 129128.6, "trend": 122.116667, "fair_value": 125.103205, "relative_strength": -2.490508, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.634002, "energy": 26.092954, "activity_lines": [ 121.466666, 119.418181, 118.492857, 119.987419 ] }, { "date": "2024-08-23", "close": 127.099998, "volume": 118790, "typical_volume": 129253.3, "trend": 122.243333, "fair_value": 125.115064, "relative_strength": -0.976063, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 41.663672, "energy": 48.533364, "activity_lines": [ 123.606665, 121.150908, 119.252857, 120.308924 ] }, { "date": "2024-08-30", "close": 127.050003, "volume": 46281, "typical_volume": 128516.05, "trend": 122.325, "fair_value": 125.130128, "relative_strength": -1.568079, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.2305, "energy": 67.469555, "activity_lines": [ 125.253333, 122.637272, 119.996905, 120.619032 ] }, { "date": "2024-09-06", "close": 127.25, "volume": 140513, "typical_volume": 129586.0, "trend": 122.298333, "fair_value": 125.140064, "relative_strength": 0.935097, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.276359, "energy": 70.289286, "activity_lines": [ 126.463334, 123.850909, 120.747381, 120.936774 ] }, { "date": "2024-09-13", "close": 129.600006, "volume": 65351, "typical_volume": 132135.1, "trend": 122.296667, "fair_value": 125.166346, "relative_strength": 1.544245, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.83354, "energy": 76.74673, "activity_lines": [ 127.820002, 125.274546, 121.689048, 121.40785 ] }, { "date": "2024-09-20", "close": 132.25, "volume": 44788, "typical_volume": 132731.6, "trend": 122.363334, "fair_value": 125.210898, "relative_strength": 4.03032, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.918683, "energy": 82.49083, "activity_lines": [ 129.506669, 126.924546, 122.845, 122.05 ] }, { "date": "2024-09-27", "close": 133.5, "volume": 45246, "typical_volume": 133101.25, "trend": 122.478333, "fair_value": 125.256731, "relative_strength": 3.829155, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.887746, "energy": 92.530854, "activity_lines": [ 131.123335, 128.53091, 124.078572, 122.768495 ] }, { "date": "2024-10-04", "close": 135.399994, "volume": 207570, "typical_volume": 139215.65, "trend": 122.686667, "fair_value": 125.299039, "relative_strength": 5.747029, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.056402, "energy": 91.909847, "activity_lines": [ 132.946665, 130.236363, 125.435238, 123.60215 ] }, { "date": "2024-10-11", "close": 132.550003, "volume": 10891, "typical_volume": 136222.55, "trend": 122.835, "fair_value": 125.295513, "relative_strength": 3.804293, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.211277, "energy": 81.893351, "activity_lines": [ 133.263333, 131.134546, 126.450714, 124.238495 ] }, { "date": "2024-10-18", "close": 133.75, "volume": 367496, "typical_volume": 149872.1, "trend": 123.01, "fair_value": 125.3, "relative_strength": 3.392453, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.417023, "energy": 65.166712, "activity_lines": [ 133.626666, 131.980909, 127.516905, 124.942688 ] }, { "date": "2024-10-25", "close": 131.199997, "volume": 28133, "typical_volume": 143938.2, "trend": 123.068333, "fair_value": 125.307051, "relative_strength": 2.70157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.4058, "energy": 56.843577, "activity_lines": [ 132.863332, 132.137272, 128.247857, 125.471075 ] }, { "date": "2024-11-01", "close": 127.699997, "volume": 71928, "typical_volume": 144734.95, "trend": 123.166667, "fair_value": 125.2375, "relative_strength": 0.833046, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.027756, "energy": 37.182718, "activity_lines": [ 131.003332, 131.543635, 128.574761, 125.769892 ] }, { "date": "2024-11-08", "close": 124.599998, "volume": 103628, "typical_volume": 148593.9, "trend": 123.173333, "fair_value": 125.131731, "relative_strength": -0.245116, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.878214, "energy": 23.034485, "activity_lines": [ 128.496665, 130.375453, 128.541428, 125.862365 ] }, { "date": "2024-11-15", "close": 120.5, "volume": 475334, "typical_volume": 164991.9, "trend": 123.176666, "fair_value": 125.036218, "relative_strength": -3.325304, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.98223, "energy": 24.278677, "activity_lines": [ 125.343332, 128.506362, 128.048333, 125.689892 ] }, { "date": "2024-11-22", "close": 124.199997, "volume": 170843, "typical_volume": 173448.85, "trend": 123.263333, "fair_value": 124.962179, "relative_strength": -2.662149, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.475749, "energy": 26.42008, "activity_lines": [ 124.226665, 127.432726, 127.882856, 125.755913 ] }, { "date": "2024-11-29", "close": 120.5, "volume": 4187, "typical_volume": 170988.6, "trend": 123.161666, "fair_value": 124.872115, "relative_strength": -5.723249, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.880388, "energy": 38.879637, "activity_lines": [ 122.513332, 125.784544, 127.323809, 125.577634 ] }, { "date": "2024-12-06", "close": 122.699997, "volume": 10536, "typical_volume": 168320.1, "trend": 123.206666, "fair_value": 124.772436, "relative_strength": -4.143909, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.249547, "energy": 33.42193, "activity_lines": [ 122.246665, 124.749998, 126.959285, 125.547849 ] }, { "date": "2024-12-13", "close": 120.25, "volume": 15354, "typical_volume": 154320.6, "trend": 123.19, "fair_value": 124.650641, "relative_strength": -5.808978, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.758417, "energy": 42.841481, "activity_lines": [ 121.496665, 123.466362, 126.348332, 125.357096 ] }, { "date": "2024-12-20", "close": 117.800003, "volume": 32745, "typical_volume": 116668.2, "trend": 123.143333, "fair_value": 124.528205, "relative_strength": -5.116853, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.885939, "energy": 48.016683, "activity_lines": [ 120.22, 122.012727, 125.500476, 125.009354 ] }, { "date": "2024-12-27", "close": 119.400002, "volume": 51092, "typical_volume": 106566.75, "trend": 123.311667, "fair_value": 124.442628, "relative_strength": -4.481447, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.748371, "energy": 31.721953, "activity_lines": [ 119.656668, 121.118182, 124.804523, 124.767849 ] }, { "date": "2025-01-03", "close": 123.599998, "volume": 16273, "typical_volume": 101348.95, "trend": 123.553333, "fair_value": 124.413462, "relative_strength": -1.869915, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.704663, "energy": 28.235137, "activity_lines": [ 120.813334, 121.248182, 124.517619, 124.786451 ] }, { "date": "2025-01-10", "close": 122.300003, "volume": 13611, "typical_volume": 96090.0, "trend": 123.828333, "fair_value": 124.345833, "relative_strength": -3.014808, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.85983, "energy": 19.425117, "activity_lines": [ 121.330001, 121.28, 124.113333, 124.705591 ] }, { "date": "2025-01-17", "close": 122.349998, "volume": 11285, "typical_volume": 94340.2, "trend": 124.238333, "fair_value": 124.282051, "relative_strength": -5.680789, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.774162, "energy": 11.708586, "activity_lines": [ 121.89, 121.419091, 123.736666, 124.610215 ] }, { "date": "2025-01-24", "close": 117.900002, "volume": 76539, "typical_volume": 91141.5, "trend": 124.325, "fair_value": 124.177564, "relative_strength": -8.818938, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.143438, "energy": 26.686812, "activity_lines": [ 120.826667, 120.79, 122.958571, 124.20129 ] }, { "date": "2025-01-31", "close": 112.900002, "volume": 485059, "typical_volume": 112126.9, "trend": 124.236666, "fair_value": 124.028846, "relative_strength": -14.049567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.256726, "energy": 55.604622, "activity_lines": [ 118.090001, 119.299092, 121.74881, 123.464193 ] }, { "date": "2025-02-07", "close": 117.349998, "volume": 48579, "typical_volume": 112316.45, "trend": 124.236666, "fair_value": 123.918269, "relative_strength": -10.545179, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.308338, "energy": 54.606036, "activity_lines": [ 117.27, 118.822728, 121.042381, 123.019892 ] }, { "date": "2025-02-14", "close": 114.849998, "volume": 131401, "typical_volume": 116624.2, "trend": 124.066666, "fair_value": 123.779808, "relative_strength": -12.362614, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.550207, "energy": 67.206186, "activity_lines": [ 116.033333, 117.949091, 120.168809, 122.414301 ] }, { "date": "2025-02-21", "close": 115.699997, "volume": 216697, "typical_volume": 117080.55, "trend": 123.94, "fair_value": 123.646474, "relative_strength": -10.562963, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.391394, "energy": 66.063732, "activity_lines": [ 115.576665, 117.372727, 119.465, 121.874516 ] }, { "date": "2025-02-28", "close": 114.75, "volume": 121752, "typical_volume": 122623.6, "trend": 123.841666, "fair_value": 123.505449, "relative_strength": -12.370418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.134067, "energy": 58.270154, "activity_lines": [ 115.246665, 116.706363, 118.764523, 121.281612 ] }, { "date": "2025-03-07", "close": 117.300003, "volume": 76137, "typical_volume": 108055.65, "trend": 123.708333, "fair_value": 123.4125, "relative_strength": -8.688152, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.500096, "energy": 39.86365, "activity_lines": [ 115.976667, 116.559091, 118.391667, 120.85957 ] }, { "date": "2025-03-14", "close": 119.650002, "volume": 168982, "typical_volume": 115098.1, "trend": 123.531667, "fair_value": 123.345192, "relative_strength": -6.013428, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.130888, "energy": 26.111711, "activity_lines": [ 117.196668, 116.877273, 118.320953, 120.597742 ] }, { "date": "2025-03-21", "close": 119.300003, "volume": 43692, "typical_volume": 113686.3, "trend": 123.271667, "fair_value": 123.262179, "relative_strength": -6.151129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.633698, "energy": 18.684096, "activity_lines": [ 118.146669, 117.203637, 118.271905, 120.324731 ] }, { "date": "2025-03-28", "close": 115.150002, "volume": 9542, "typical_volume": 108982.0, "trend": 122.875, "fair_value": 123.132372, "relative_strength": -9.188465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.625868, "energy": 21.463694, "activity_lines": [ 117.416669, 116.830001, 117.86762, 119.800753 ] }, { "date": "2025-04-04", "close": 110.400002, "volume": 18301, "typical_volume": 86130.35, "trend": 122.313333, "fair_value": 122.98141, "relative_strength": -6.152755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.125205, "energy": 40.887025, "activity_lines": [ 115.140002, 115.723638, 117.055953, 118.995914 ] }, { "date": "2025-04-11", "close": 113.199997, "volume": 169710, "typical_volume": 86073.7, "trend": 121.766666, "fair_value": 122.871795, "relative_strength": -2.502819, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.744267, "energy": 48.623101, "activity_lines": [ 114.086667, 115.262728, 116.559048, 118.407957 ] }, { "date": "2025-04-18", "close": 114.75, "volume": 109220, "typical_volume": 91325.35, "trend": 121.183333, "fair_value": 122.760256, "relative_strength": -4.714128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.765943, "energy": 50.830661, "activity_lines": [ 113.823333, 115.078182, 116.262143, 117.955269 ] }, { "date": "2025-04-25", "close": 116.849998, "volume": 12435, "typical_volume": 91420.3, "trend": 120.628333, "fair_value": 122.675641, "relative_strength": -4.446906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.985447, "energy": 37.892887, "activity_lines": [ 114.586666, 115.322727, 116.192619, 117.675699 ] }, { "date": "2025-05-02", "close": 122.150002, "volume": 75305, "typical_volume": 94417.85, "trend": 120.186667, "fair_value": 122.598397, "relative_strength": -2.109302, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.316526, "energy": 8.261025, "activity_lines": [ 117.28, 116.494546, 116.655715, 117.773871 ] }, { "date": "2025-05-09", "close": 123.455002, "volume": 11183, "typical_volume": 93339.75, "trend": 119.8835, "fair_value": 122.551314, "relative_strength": -0.58797, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 29.816503, "energy": 30.201334, "activity_lines": [ 119.941667, 117.786364, 117.234048, 117.984732 ] }, { "date": "2025-05-16", "close": 123.650002, "volume": 25345, "typical_volume": 92052.4, "trend": 119.546833, "fair_value": 122.495224, "relative_strength": -1.905783, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.713614, "energy": 41.811512, "activity_lines": [ 121.798001, 118.955364, 117.804024, 118.227732 ] }, { "date": "2025-05-23", "close": 122.5, "volume": 25027, "typical_volume": 92490.1, "trend": 119.256833, "fair_value": 122.430481, "relative_strength": -3.154542, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.482452, "energy": 50.223374, "activity_lines": [ 122.574334, 119.799819, 118.244239, 118.418259 ] }, { "date": "2025-05-30", "close": 120.550003, "volume": 2579, "typical_volume": 91938.5, "trend": 119.0185, "fair_value": 122.359327, "relative_strength": -5.277616, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.699713, "energy": 52.615348, "activity_lines": [ 122.184002, 120.23791, 118.503977, 118.501689 ] }, { "date": "2025-06-06", "close": 121.800003, "volume": 3993, "typical_volume": 91573.9, "trend": 118.925167, "fair_value": 122.321507, "relative_strength": -4.963229, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.487197, "energy": 40.046172, "activity_lines": [ 121.963669, 120.880547, 118.891096, 118.681141 ] }, { "date": "2025-06-13", "close": 121.099998, "volume": 3333, "typical_volume": 87913.6, "trend": 118.945167, "fair_value": 122.300673, "relative_strength": -5.60538, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.128007, "energy": 23.354582, "activity_lines": [ 121.533334, 121.275001, 119.214168, 118.821452 ] }, { "date": "2025-06-20", "close": 117.449997, "volume": 8104, "typical_volume": 64065.85, "trend": 118.720167, "fair_value": 122.29234, "relative_strength": -7.661741, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.2454, "energy": 14.340744, "activity_lines": [ 120.043333, 120.811273, 119.174381, 118.72499 ] }, { "date": "2025-06-27", "close": 118.5, "volume": 39233, "typical_volume": 63598.55, "trend": 118.6535, "fair_value": 122.277596, "relative_strength": -7.011642, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.65474, "energy": 16.685883, "activity_lines": [ 119.316666, 120.461182, 119.212929, 118.710785 ] }, { "date": "2025-07-04", "close": 118.150002, "volume": 229845, "typical_volume": 68520.75, "trend": 118.501834, "fair_value": 122.24843, "relative_strength": -7.453272, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.588529, "energy": 17.550534, "activity_lines": [ 118.74, 119.979273, 119.212667, 118.678302 ] }, { "date": "2025-07-11", "close": 121.199997, "volume": 318223, "typical_volume": 73597.05, "trend": 118.5335, "fair_value": 122.256442, "relative_strength": -6.236516, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.319856, "energy": 21.705219, "activity_lines": [ 119.339999, 120.028273, 119.487167, 118.852377 ] }, { "date": "2025-07-18", "close": 117.949997, "volume": 293627, "typical_volume": 82190.8, "trend": 118.5385, "fair_value": 122.244583, "relative_strength": -9.075975, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.924055, "energy": 11.817126, "activity_lines": [ 118.896665, 119.503636, 119.425952, 118.814731 ] }, { "date": "2025-07-25", "close": 119.900002, "volume": 307468, "typical_volume": 93757.35, "trend": 118.555167, "fair_value": 122.238494, "relative_strength": -8.716726, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.202886, "energy": 9.167261, "activity_lines": [ 119.313333, 119.433636, 119.535214, 118.90257 ] }, { "date": "2025-08-01", "close": 117.25, "volume": 6950, "typical_volume": 85655.75, "trend": 118.3435, "fair_value": 122.194583, "relative_strength": -10.048917, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 3.190826, "energy": 4.646055, "activity_lines": [ 118.683333, 118.95, 119.379714, 118.818366 ] }, { "date": "2025-08-08", "close": 119.599998, "volume": 31006, "typical_volume": 85021.45, "trend": 118.2535, "fair_value": 122.136571, "relative_strength": -8.310727, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.298274, "energy": 10.286281, "activity_lines": [ 118.919999, 118.98909, 119.459452, 118.89943 ] }, { "date": "2025-08-15", "close": 117.199997, "volume": 32718, "typical_volume": 86180.25, "trend": 118.081833, "fair_value": 122.034968, "relative_strength": -10.309657, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.264733, "energy": 12.901504, "activity_lines": [ 118.259999, 118.60909, 119.30919, 118.831462 ] }, { "date": "2025-08-22", "close": 119.650002, "volume": 192674, "typical_volume": 94898.9, "trend": 118.140167, "fair_value": 121.963173, "relative_strength": -9.933562, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.022517, "energy": 11.847653, "activity_lines": [ 118.683333, 118.758181, 119.3825, 118.932634 ] }, { "date": "2025-08-29", "close": 115.900002, "volume": 16516, "typical_volume": 87239.2, "trend": 118.240167, "fair_value": 121.864135, "relative_strength": -11.177068, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.38641, "energy": 22.262249, "activity_lines": [ 117.743334, 118.251818, 119.054619, 118.788108 ] }, { "date": "2025-09-05", "close": 116.699997, "volume": 182452, "typical_volume": 90900.8, "trend": 118.2185, "fair_value": 121.787212, "relative_strength": -10.417648, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.657543, "energy": 25.725932, "activity_lines": [ 117.336666, 117.91909, 118.790071, 118.688742 ] }, { "date": "2025-09-12", "close": 115.400002, "volume": 141829, "typical_volume": 97370.5, "trend": 118.236834, "fair_value": 121.707083, "relative_strength": -11.744175, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.422155, "energy": 33.883725, "activity_lines": [ 116.533334, 117.382727, 118.392428, 118.506903 ] }, { "date": "2025-09-19", "close": 118.900002, "volume": 37394, "typical_volume": 95474.95, "trend": 118.3435, "fair_value": 121.67375, "relative_strength": -8.012387, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.409657, "energy": 24.58227, "activity_lines": [ 117.176668, 117.532728, 118.335024, 118.549688 ] }, { "date": "2025-09-26", "close": 112.75, "volume": 526825, "typical_volume": 121257.05, "trend": 118.276834, "fair_value": 121.665737, "relative_strength": -12.944517, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.901829, "energy": 48.969359, "activity_lines": [ 115.656667, 116.606364, 117.707381, 118.188817 ] }, { "date": "2025-10-03", "close": 114.455002, "volume": 229872, "typical_volume": 131483.4, "trend": 118.182, "fair_value": 121.657757, "relative_strength": -13.036117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.483807, "energy": 47.875789, "activity_lines": [ 115.165001, 116.084546, 117.293095, 117.942248 ] }, { "date": "2025-10-10", "close": 112.449997, "volume": 72718, "typical_volume": 133867.95, "trend": 117.942, "fair_value": 121.650385, "relative_strength": -13.48561, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.370715, "energy": 52.80343, "activity_lines": [ 114.101333, 115.297182, 116.731643, 117.572441 ] }, { "date": "2025-10-17", "close": 114.099998, "volume": 363046, "typical_volume": 151891.3, "trend": 117.768667, "fair_value": 121.626026, "relative_strength": -11.060052, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.217674, "energy": 57.270009, "activity_lines": [ 113.870999, 114.897091, 116.37519, 117.32457 ] }, { "date": "2025-10-24", "close": 148.759995, "volume": 407857, "typical_volume": 172084.5, "trend": 118.889, "fair_value": 121.820321, "relative_strength": 12.534962, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.033851, "energy": 62.975899, "activity_lines": [ 125.280664, 120.898817, 119.350404, 119.32401 ] }, { "date": "2025-10-31", "close": 112.449997, "volume": 335486, "typical_volume": 188692.15, "trend": 118.957333, "fair_value": 121.770962, "relative_strength": -15.078795, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -9.712706, "energy": 17.815746, "activity_lines": [ 122.59633, 119.724907, 118.739142, 118.908591 ] }, { "date": "2025-11-07", "close": 108.199997, "volume": 199608, "typical_volume": 198267.35, "trend": 118.790666, "fair_value": 121.684103, "relative_strength": -17.499466, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.731025, "energy": 21.206509, "activity_lines": [ 118.51533, 117.90918, 117.764308, 118.214569 ] }, { "date": "2025-11-14", "close": 105.75, "volume": 560940, "typical_volume": 224352.7, "trend": 118.490666, "fair_value": 121.580897, "relative_strength": -19.034523, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -61.69237, "energy": 25.781157, "activity_lines": [ 114.034664, 115.787998, 116.600189, 117.373236 ] }, { "date": "2025-11-21", "close": 114.550003, "volume": 231571, "typical_volume": 224439.0, "trend": 118.414, "fair_value": 121.520321, "relative_strength": -10.451176, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.415993, "energy": 36.555569, "activity_lines": [ 112.934, 115.465908, 116.33488, 117.118999 ] }, { "date": "2025-11-28", "close": 113.900002, "volume": 33341, "typical_volume": 210194.9, "trend": 118.139, "fair_value": 121.468077, "relative_strength": -12.260252, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -50.717478, "energy": 40.517058, "activity_lines": [ 111.586668, 115.04109, 116.024809, 116.827774 ] }, { "date": "2025-12-05", "close": 111.5, "volume": 54161, "typical_volume": 198221.6, "trend": 117.7405, "fair_value": 121.388269, "relative_strength": -13.229632, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.069806, "energy": 46.332671, "activity_lines": [ 111.763334, 114.270818, 115.520928, 116.399451 ] }, { "date": "2025-12-12", "close": 112.300003, "volume": 197542, "typical_volume": 192725.3, "trend": 117.362166, "fair_value": 121.323846, "relative_strength": -12.081669, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -46.951885, "energy": 25.742269, "activity_lines": [ 112.270002, 113.668728, 115.123952, 116.048451 ] }, { "date": "2025-12-19", "close": 112.050003, "volume": 21243, "typical_volume": 193439.95, "trend": 117.013833, "fair_value": 121.238269, "relative_strength": -14.073357, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.449874, "energy": 24.024788, "activity_lines": [ 112.420002, 113.060365, 114.739357, 115.705731 ] }, { "date": "2025-12-26", "close": 111.900002, "volume": 35701, "typical_volume": 193674.7, "trend": 116.7255, "fair_value": 121.143077, "relative_strength": -13.53803, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.267909, "energy": 23.716757, "activity_lines": [ 112.100002, 112.432001, 114.365238, 115.375807 ] }, { "date": "2026-01-02", "close": 113.699997, "volume": 34276, "typical_volume": 193752.6, "trend": 116.4555, "fair_value": 121.031539, "relative_strength": -12.394033, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -36.828722, "energy": 18.813942, "activity_lines": [ 112.556667, 112.17091, 114.199214, 115.180613 ] }, { "date": "2026-01-09", "close": 118.400002, "volume": 124230, "typical_volume": 190330.4, "trend": 116.3655, "fair_value": 120.928333, "relative_strength": -9.919905, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.319773, "energy": 10.508404, "activity_lines": [ 114.593334, 113.401819, 114.497476, 115.306065 ] }, { "date": "2026-01-16", "close": 119.599998, "volume": 135253, "typical_volume": 196267.25, "trend": 116.437166, "fair_value": 120.824487, "relative_strength": -9.629592, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.80644, "energy": 7.035812, "activity_lines": [ 116.57, 114.742728, 114.915976, 115.514742 ] }, { "date": "2026-01-23", "close": 116.599998, "volume": 102728, "typical_volume": 192281.05, "trend": 116.373833, "fair_value": 120.702372, "relative_strength": -10.783512, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.80367, "energy": 14.162274, "activity_lines": [ 117.059999, 115.330909, 115.031143, 115.525247 ] }, { "date": "2026-01-30", "close": 115.199997, "volume": 73412, "typical_volume": 188860.2, "trend": 116.2755, "fair_value": 120.549808, "relative_strength": -12.316598, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.582817, "energy": 25.336718, "activity_lines": [ 116.779998, 115.467272, 115.013452, 115.449516 ] }, { "date": "2026-02-06", "close": 119.150002, "volume": 192232, "typical_volume": 196602.1, "trend": 116.207166, "fair_value": 120.447564, "relative_strength": -10.321484, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 24.859571, "energy": 38.290932, "activity_lines": [ 117.596666, 116.31, 115.372905, 115.634968 ] }, { "date": "2026-02-13", "close": 120.050003, "volume": 147417, "typical_volume": 177631.7, "trend": 116.277167, "fair_value": 120.371923, "relative_strength": -10.082615, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.56875, "energy": 39.571763, "activity_lines": [ 118.350001, 117.220909, 115.816881, 115.882893 ] }, { "date": "2026-02-20", "close": 121.949997, "volume": 164885, "typical_volume": 174382.35, "trend": 116.3455, "fair_value": 120.327372, "relative_strength": -10.452314, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.362398, "energy": 55.353366, "activity_lines": [ 119.626666, 118.321818, 116.407048, 116.248882 ] }, { "date": "2026-02-27", "close": 125.800003, "volume": 198212, "typical_volume": 180657.05, "trend": 116.6305, "fair_value": 120.300769, "relative_strength": -9.31457, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.170674, "energy": 80.48409, "activity_lines": [ 122.030001, 119.947273, 117.328191, 116.85885 ] }, { "date": "2026-03-06", "close": 118.349998, "volume": 228755, "typical_volume": 173942.5, "trend": 116.588833, "fair_value": 120.240192, "relative_strength": -9.218351, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.961306, "energy": 65.24172, "activity_lines": [ 121.336667, 119.968182, 117.476238, 116.969785 ] }, { "date": "2026-03-13", "close": 113.050003, "volume": 657447, "typical_volume": 186422.0, "trend": 116.4505, "fair_value": 120.168397, "relative_strength": -12.707756, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.456752, "energy": 19.931284, "activity_lines": [ 118.666668, 118.908182, 117.099286, 116.741473 ] }, { "date": "2026-03-20", "close": 110.25, "volume": 341689, "typical_volume": 186732.15, "trend": 116.137167, "fair_value": 120.053654, "relative_strength": -11.565346, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.853852, "energy": 18.172551, "activity_lines": [ 115.470001, 117.350909, 116.625715, 116.341441 ] }, { "date": "2026-03-27", "close": 109.25, "volume": 138531, "typical_volume": 183678.3, "trend": 115.9155, "fair_value": 119.946282, "relative_strength": -12.48616, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.620999, "energy": 41.456279, "activity_lines": [ 112.593334, 115.76, 116.067381, 115.897108 ] }, { "date": "2026-04-03", "close": 111.900002, "volume": 157088, "typical_volume": 163485.7, "trend": 115.7555, "fair_value": 119.869039, "relative_strength": -13.996748, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.258806, "energy": 39.625133, "activity_lines": [ 111.446668, 114.839092, 115.756429, 115.638043 ] }, { "date": "2026-04-10", "close": 114.25, "volume": 263401, "typical_volume": 165077.2, "trend": 115.717167, "fair_value": 119.820641, "relative_strength": -13.090157, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.842088, "energy": 52.57213, "activity_lines": [ 112.010001, 114.43091, 115.64, 115.540914 ] }, { "date": "2026-04-17", "close": 113.400002, "volume": 136580, "typical_volume": 170239.15, "trend": 115.533833, "fair_value": 119.772244, "relative_strength": -13.847076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.100014, "energy": 42.521049, "activity_lines": [ 112.563334, 113.885455, 115.444048, 115.39142 ] }, { "date": "2026-04-24", "close": 109.900002, "volume": 409499, "typical_volume": 188006.05, "trend": 115.438833, "fair_value": 119.679616, "relative_strength": -13.742083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.728525, "energy": 37.469342, "activity_lines": [ 111.926668, 112.808183, 114.917144, 115.027947 ] }, { "date": "2026-05-01", "close": 107.300003, "volume": 244450, "typical_volume": 190351.45, "trend": 115.200333, "fair_value": 119.568398, "relative_strength": -15.146644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.36681, "energy": 44.216969, "activity_lines": [ 110.446669, 111.442729, 114.150239, 114.502861 ] }, { "date": "2026-05-08", "close": 110.699997, "volume": 492915, "typical_volume": 213935.05, "trend": 115.142, "fair_value": 119.496603, "relative_strength": -10.83113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.168431, "energy": 43.094307, "activity_lines": [ 110.23, 110.961819, 113.730953, 114.212517 ] }, { "date": "2026-05-15", "close": 111.150002, "volume": 757270, "typical_volume": 250013.5, "trend": 115.043667, "fair_value": 119.417436, "relative_strength": -9.659889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.24098, "energy": 48.020057, "activity_lines": [ 110.243334, 110.837274, 113.360953, 113.954968 ] }, { "date": "2026-05-22", "close": 110.650002, "volume": 736340, "typical_volume": 285116.7, "trend": 113.773334, "fair_value": 119.334744, "relative_strength": -11.905584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.630684, "energy": 40.654895, "activity_lines": [ 110.296668, 110.752728, 112.946906, 113.671506 ] }, { "date": "2026-05-29", "close": 106.300003, "volume": 320190, "typical_volume": 294914.7, "trend": 113.568334, "fair_value": 119.239551, "relative_strength": -14.42134, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.443793, "energy": 44.381245, "activity_lines": [ 109.083335, 109.920911, 112.133096, 113.189356 ] }, { "date": "2026-06-05", "close": 110.25, "volume": 20111, "typical_volume": 289157.6, "trend": 113.636667, "fair_value": 119.175769, "relative_strength": -10.434237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.59875, "energy": 34.885681, "activity_lines": [ 109.426668, 109.879092, 111.753096, 112.97527 ] }, { "date": "2026-06-12", "close": 111.9, "volume": 331849, "typical_volume": 300613.65, "trend": 113.841667, "fair_value": 119.135385, "relative_strength": -9.554134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.357983, "energy": 27.6719, "activity_lines": [ 110.123334, 110.119092, 111.574763, 112.863227 ] }, { "date": "2026-06-19", "close": 117.45, "volume": 17737, "typical_volume": 297829.9, "trend": 113.938334, "fair_value": 119.134744, "relative_strength": -3.753789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.256768, "energy": 8.750955, "activity_lines": [ 112.590001, 111.368183, 111.947382, 113.096022 ] }, { "date": "2026-06-26", "close": 113.2, "volume": 335, "typical_volume": 288235.05, "trend": 113.915001, "fair_value": 119.083462, "relative_strength": -8.109496, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.018454, "energy": 21.011903, "activity_lines": [ 113.22, 111.786364, 111.904525, 113.048388 ] }, { "date": "2026-07-03", "close": 115.15, "volume": 427, "typical_volume": 280885.55, "trend": 114.036667, "fair_value": 119.073846, "relative_strength": -7.628101, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.20199, "energy": 25.389976, "activity_lines": [ 114.33, 112.562728, 112.075715, 113.128065 ] }, { "date": "2026-07-10", "close": 115.7, "volume": 36991, "typical_volume": 274490.85, "trend": 114.150001, "fair_value": 119.041475, "relative_strength": -5.184641, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.589229, "energy": 31.464158, "activity_lines": [ 115.033333, 113.343637, 112.32262, 113.235377 ] }, { "date": "2026-07-17", "close": 118.2, "volume": 154678, "typical_volume": 272314.15, "trend": 114.355, "fair_value": 119.006539, "relative_strength": -3.764937, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.349231, "energy": 49.565442, "activity_lines": [ 116.206667, 114.426364, 112.837382, 113.496667 ] }, { "date": "2026-07-24", "close": 117.8, "volume": 170257, "typical_volume": 269389.25, "trend": 114.551667, "fair_value": 118.972885, "relative_strength": -4.960776, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.487191, "energy": 51.797473, "activity_lines": [ 116.826667, 115.3, 113.350239, 113.718925 ] }, { "date": "2026-07-31", "close": 117.4, "volume": 91954, "typical_volume": 241114.6, "trend": 114.675, "fair_value": 118.955257, "relative_strength": -6.100322, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.937139, "energy": 43.705984, "activity_lines": [ 117.29, 115.98, 113.82762, 113.902689 ] }, { "date": "2026-08-07", "close": 118.9, "volume": 117907, "typical_volume": 229925.5, "trend": 114.691667, "fair_value": 118.973526, "relative_strength": -4.831806, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.183552, "energy": 51.882432, "activity_lines": [ 117.973333, 116.81, 114.427143, 114.175269 ] } ], "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." } } }