{ "ticker": { "uuid": "68781faa-fefe-4e6f-9967-37d606379544", "symbol": "SEMA", "name": "iShares MSCI EM UCITS ETF USD (Acc)", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 79.193, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 9.832, "architecture_energy": 19.243, "architecture_maturity": 64.467, "architecture_confidence": 86.521, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 60.09, "rotation_up": 16.55, "upward_expansion": 45.48, "deceleration": 87.97, "rotation_down": 40.47, "downward_expansion": 28.15 }, "activity_lines": [ 4621.8, 4704.6, 4711.014286, 4613.08172 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 4676.0, "trend_reference": 4481.766667, "distance_from_trend": 0.043339, "trend_direction": "Improving", "fair_value": 3409.288462, "distance_from_fair_value": 0.371547, "fair_value_direction": "Weakening", "relative_strength": 3.461021, "relative_strength_direction": "Weakening", "price_momentum": 0.11679, "excess_performance": 0.065555, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.043339, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.069209, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.371547, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.095004, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.03461, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.142907, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.11679, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.798448, "read": "Supply-led" } ], "volume": { "latest": 335723, "relative_activity": 2.922557, "balance": 0.798448, "dry_up": 1.974232, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.046063, "annualized_volatility": 0.231121, "from_high_reference": -0.084573, "from_low_reference": 0.379695 }, "levels": { "trend_reference": 4481.766667, "fair_value_reference": 3409.288462, "structural_low": 3924.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.014008, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.01262, "regime_survival": 0.4, "best_return": 0.132294, "worst_return": -0.027512, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.029732, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.027504, "regime_survival": 0.333333, "best_return": 0.23164, "worst_return": -0.033258, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.023927, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.028544, "regime_survival": 0.25, "best_return": 0.321624, "worst_return": -0.03291, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.027173, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.011226, "regime_survival": 0.0, "best_return": 0.048251, "worst_return": 0.006094, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-09-13", "end": "2024-10-04", "tenure": "New", "return": 0.085867, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.040062, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-22", "end": "2025-01-24", "tenure": "Developing", "return": 0.014297, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-21", "tenure": "Developing", "return": -0.0076, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-03-28", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": 0.002057, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.098694, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.039975, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-12-12", "tenure": "Established", "return": 0.148154, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-12-19", "end": "2026-01-02", "tenure": "New", "return": 0.032006, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-03-20", "tenure": "Developing", "return": -0.008374, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.132797, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.00422, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.015418, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2664.0, "volume": 85815, "typical_volume": 42804.3, "trend": 2783.5, "fair_value": 2953.451923, "relative_strength": -0.82079, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.988301, "energy": 19.467188, "activity_lines": [ 2754.066667, 2761.227273, 2759.728571, 2762.733333 ] }, { "date": "2023-08-25", "close": 2725.0, "volume": 203733, "typical_volume": 51660.65, "trend": 2775.35, "fair_value": 2953.25641, "relative_strength": 0.518582, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.551211, "energy": 29.371761, "activity_lines": [ 2736.533333, 2754.381818, 2756.792857, 2758.95914 ] }, { "date": "2023-09-01", "close": 2777.0, "volume": 35832, "typical_volume": 51963.35, "trend": 2768.983333, "fair_value": 2953.852564, "relative_strength": 0.852256, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.421641, "energy": 28.222003, "activity_lines": [ 2739.666667, 2758.527273, 2758.969048, 2759.065591 ] }, { "date": "2023-09-08", "close": 2745.5, "volume": 52336, "typical_volume": 52693.15, "trend": 2763.716667, "fair_value": 2953.538462, "relative_strength": -0.334333, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.951077, "energy": 25.4533, "activity_lines": [ 2739.1, 2755.781818, 2758.171429, 2757.550538 ] }, { "date": "2023-09-15", "close": 2793.0, "volume": 52265, "typical_volume": 52643.65, "trend": 2761.0, "fair_value": 2953.516026, "relative_strength": -1.519535, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.426621, "energy": 0.911785, "activity_lines": [ 2759.466667, 2761.681818, 2761.878571, 2759.439785 ] }, { "date": "2023-09-22", "close": 2783.0, "volume": 61157, "typical_volume": 55099.05, "trend": 2760.766667, "fair_value": 2953.971154, "relative_strength": -1.303322, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.849276, "energy": 19.870187, "activity_lines": [ 2773.5, 2764.2, 2764.278571, 2760.85914 ] }, { "date": "2023-09-29", "close": 2758.5, "volume": 64895, "typical_volume": 57307.55, "trend": 2757.0, "fair_value": 2953.900641, "relative_strength": -1.036928, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.709415, "energy": 16.302617, "activity_lines": [ 2771.433333, 2761.9, 2764.021429, 2760.712903 ] }, { "date": "2023-10-06", "close": 2722.0, "volume": 51029, "typical_volume": 57813.2, "trend": 2755.666667, "fair_value": 2953.048077, "relative_strength": -0.696116, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.383617, "energy": 2.688287, "activity_lines": [ 2754.966667, 2753.263636, 2760.028571, 2758.454839 ] }, { "date": "2023-10-13", "close": 2759.0, "volume": 195293, "typical_volume": 66416.05, "trend": 2757.566667, "fair_value": 2952.429487, "relative_strength": -0.620446, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.00462, "energy": 6.613823, "activity_lines": [ 2754.5, 2754.209091, 2759.628571, 2758.669892 ] }, { "date": "2023-10-20", "close": 2681.5, "volume": 18747, "typical_volume": 65706.15, "trend": 2755.116667, "fair_value": 2951.301282, "relative_strength": -0.7223, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.580343, "energy": 40.071214, "activity_lines": [ 2727.3, 2742.209091, 2751.864286, 2753.762366 ] }, { "date": "2023-10-27", "close": 2673.0, "volume": 11218, "typical_volume": 65579.5, "trend": 2751.133333, "fair_value": 2950.528846, "relative_strength": 0.423166, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.677667, "energy": 56.384649, "activity_lines": [ 2704.7, 2729.872727, 2743.740476, 2748.464516 ] }, { "date": "2023-11-03", "close": 2749.0, "volume": 28245, "typical_volume": 65731.05, "trend": 2750.816667, "fair_value": 2949.304487, "relative_strength": 1.528548, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.728343, "energy": 44.296809, "activity_lines": [ 2714.766667, 2731.190909, 2743.435714, 2748.326882 ] }, { "date": "2023-11-10", "close": 2761.0, "volume": 239330, "typical_volume": 76089.4, "trend": 2750.1, "fair_value": 2947.996795, "relative_strength": 2.777575, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.558884, "energy": 32.77928, "activity_lines": [ 2729.466667, 2734.254545, 2744.561905, 2748.983871 ] }, { "date": "2023-11-17", "close": 2793.0, "volume": 23182, "typical_volume": 74010.75, "trend": 2751.816667, "fair_value": 2946.660256, "relative_strength": 1.96748, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.512792, "energy": 5.783809, "activity_lines": [ 2752.233333, 2743.427273, 2748.507143, 2751.751613 ] }, { "date": "2023-11-24", "close": 2764.0, "volume": 33182, "typical_volume": 71479.4, "trend": 2753.333333, "fair_value": 2944.769231, "relative_strength": 1.068122, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -0.353228, "energy": 11.920612, "activity_lines": [ 2763.066667, 2746.463636, 2749.466667, 2752.537634 ] }, { "date": "2023-12-01", "close": 2753.0, "volume": 26273, "typical_volume": 70304.85, "trend": 2754.6, "fair_value": 2942.74359, "relative_strength": 0.107535, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.954911, "energy": 11.736853, "activity_lines": [ 2764.733333, 2748.027273, 2749.107143, 2752.516129 ] }, { "date": "2023-12-08", "close": 2745.5, "volume": 45819, "typical_volume": 70041.2, "trend": 2755.983333, "fair_value": 2940.298077, "relative_strength": -0.478803, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 7.03646, "energy": 10.2041, "activity_lines": [ 2758.566667, 2748.772727, 2748.080952, 2751.929032 ] }, { "date": "2023-12-15", "close": 2798.0, "volume": 16904, "typical_volume": 69209.35, "trend": 2758.033333, "fair_value": 2938.314103, "relative_strength": 1.132703, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 20.657124, "energy": 21.985038, "activity_lines": [ 2770.133333, 2759.3, 2752.195238, 2754.639785 ] }, { "date": "2023-12-22", "close": 2775.5, "volume": 81872, "typical_volume": 71754.3, "trend": 2758.466667, "fair_value": 2936.548077, "relative_strength": -1.235536, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "mixed", "direction": 11.650381, "energy": 12.796507, "activity_lines": [ 2771.733333, 2764.354545, 2754.552381, 2755.766667 ] }, { "date": "2023-12-29", "close": 2846.0, "volume": 34674, "typical_volume": 68090.05, "trend": 2760.8, "fair_value": 2934.717949, "relative_strength": 0.811409, "stage": 1, "regime": "balance", "modifier": "Neutral compression", "gate": "up", "direction": 69.005778, "energy": 51.87556, "activity_lines": [ 2798.0, 2781.927273, 2763.845238, 2761.413978 ] }, { "date": "2024-01-05", "close": 2801.0, "volume": 34983, "typical_volume": 65548.45, "trend": 2761.0, "fair_value": 2931.509615, "relative_strength": -0.17707, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.946758, "energy": 53.219095, "activity_lines": [ 2803.8, 2788.327273, 2768.385714, 2764.007527 ] }, { "date": "2024-01-12", "close": 2781.0, "volume": 27387, "typical_volume": 56731.15, "trend": 2760.05, "fair_value": 2928.195513, "relative_strength": -0.001113, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.274625, "energy": 45.212598, "activity_lines": [ 2799.733333, 2788.763636, 2770.369048, 2765.297849 ] }, { "date": "2024-01-19", "close": 2713.0, "volume": 21665, "typical_volume": 56022.8, "trend": 2760.05, "fair_value": 2924.083333, "relative_strength": -0.249085, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.596044, "energy": 11.53979, "activity_lines": [ 2770.633333, 2776.254545, 2765.609524, 2762.262366 ] }, { "date": "2024-01-26", "close": 2765.0, "volume": 37249, "typical_volume": 55268.45, "trend": 2760.683333, "fair_value": 2921.221154, "relative_strength": -0.536995, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.560398, "energy": 16.012919, "activity_lines": [ 2764.533333, 2774.072727, 2766.107143, 2762.58172 ] }, { "date": "2024-02-02", "close": 2754.0, "volume": 71137, "typical_volume": 56212.05, "trend": 2762.25, "fair_value": 2917.291667, "relative_strength": -0.604326, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.547391, "energy": 13.584818, "activity_lines": [ 2755.466667, 2770.4, 2765.464286, 2762.150538 ] }, { "date": "2024-02-09", "close": 2818.0, "volume": 116624, "typical_volume": 58985.4, "trend": 2764.083333, "fair_value": 2913.278846, "relative_strength": 2.261249, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.398989, "energy": 20.335835, "activity_lines": [ 2773.866667, 2778.545455, 2771.102381, 2765.747312 ] }, { "date": "2024-02-16", "close": 2874.0, "volume": 287178, "typical_volume": 70099.55, "trend": 2767.383333, "fair_value": 2909.942308, "relative_strength": 2.338849, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.870177, "energy": 53.211199, "activity_lines": [ 2809.8, 2795.690909, 2781.907143, 2772.83871 ] }, { "date": "2024-02-23", "close": 2886.0, "volume": 300362, "typical_volume": 82566.2, "trend": 2767.616667, "fair_value": 2908.092949, "relative_strength": 2.727611, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.157771, "energy": 70.380442, "activity_lines": [ 2843.533333, 2812.681818, 2793.304762, 2780.491398 ] }, { "date": "2024-03-01", "close": 2889.0, "volume": 183092, "typical_volume": 81956.15, "trend": 2769.85, "fair_value": 2906.426282, "relative_strength": 3.072919, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.650523, "energy": 75.824917, "activity_lines": [ 2866.733333, 2828.618182, 2804.207143, 2788.322581 ] }, { "date": "2024-03-08", "close": 2876.0, "volume": 233395, "typical_volume": 92688.55, "trend": 2774.116667, "fair_value": 2904.448718, "relative_strength": 2.81151, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.209847, "energy": 73.238846, "activity_lines": [ 2877.333333, 2840.127273, 2813.252381, 2795.170968 ] }, { "date": "2024-03-15", "close": 2895.0, "volume": 43415, "typical_volume": 94298.4, "trend": 2781.816667, "fair_value": 2902.544872, "relative_strength": 2.550075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.094041, "energy": 73.085471, "activity_lines": [ 2886.133333, 2854.545455, 2823.180952, 2802.969892 ] }, { "date": "2024-03-22", "close": 2928.0, "volume": 65126, "typical_volume": 96142.45, "trend": 2788.583333, "fair_value": 2901.285256, "relative_strength": 1.072766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.426993, "energy": 68.512399, "activity_lines": [ 2900.8, 2873.254545, 2835.195238, 2812.401075 ] }, { "date": "2024-03-29", "close": 2935.0, "volume": 59202, "typical_volume": 87136.05, "trend": 2793.85, "fair_value": 2899.5, "relative_strength": 1.021173, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.999319, "energy": 70.583295, "activity_lines": [ 2914.2, 2890.563636, 2847.02381, 2821.847312 ] }, { "date": "2024-04-05", "close": 2947.0, "volume": 81847, "typical_volume": 90069.3, "trend": 2800.566667, "fair_value": 2897.871795, "relative_strength": 1.878205, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.595635, "energy": 72.354489, "activity_lines": [ 2928.333333, 2906.018182, 2859.166667, 2831.727957 ] }, { "date": "2024-04-12", "close": 2949.5, "volume": 56623, "typical_volume": 91241.35, "trend": 2805.783333, "fair_value": 2896.073718, "relative_strength": 0.806569, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.19223, "energy": 70.882159, "activity_lines": [ 2939.433333, 2918.618182, 2870.814286, 2841.336559 ] }, { "date": "2024-04-19", "close": 2897.0, "volume": 139411, "typical_volume": 96898.25, "trend": 2809.583333, "fair_value": 2893.875, "relative_strength": 0.154604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.863922, "energy": 51.410193, "activity_lines": [ 2928.133333, 2918.118182, 2876.578571, 2847.221505 ] }, { "date": "2024-04-26", "close": 2982.0, "volume": 123147, "typical_volume": 100764.65, "trend": 2817.033333, "fair_value": 2892.349359, "relative_strength": -0.105716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.159571, "energy": 56.507874, "activity_lines": [ 2945.033333, 2931.636364, 2889.752381, 2858.345161 ] }, { "date": "2024-05-03", "close": 3051.0, "volume": 127343, "typical_volume": 106286.6, "trend": 2828.0, "fair_value": 2891.214744, "relative_strength": 1.169693, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.423876, "energy": 68.613578, "activity_lines": [ 2981.333333, 2955.736364, 2908.371429, 2873.439785 ] }, { "date": "2024-05-10", "close": 3070.5, "volume": 63167, "typical_volume": 105351.35, "trend": 2838.383333, "fair_value": 2891.092949, "relative_strength": -0.923029, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.659265, "energy": 87.073531, "activity_lines": [ 3016.4, 2980.381818, 2927.642857, 2889.084946 ] }, { "date": "2024-05-17", "close": 3117.0, "volume": 25746, "typical_volume": 104904.95, "trend": 2852.9, "fair_value": 2891.25, "relative_strength": 0.647037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.491741, "energy": 94.764069, "activity_lines": [ 3058.733333, 3010.181818, 2949.938095, 2907.060215 ] }, { "date": "2024-05-24", "close": 3053.0, "volume": 73864, "typical_volume": 106849.0, "trend": 2865.566667, "fair_value": 2890.371795, "relative_strength": -0.227664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.388028, "energy": 86.393361, "activity_lines": [ 3068.566667, 3023.963636, 2964.847619, 2919.969892 ] }, { "date": "2024-05-31", "close": 2949.0, "volume": 74152, "typical_volume": 109187.25, "trend": 2872.233333, "fair_value": 2888.426282, "relative_strength": -3.091613, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.547612, "energy": 56.600513, "activity_lines": [ 3033.333333, 3015.963636, 2968.652381, 2925.352688 ] }, { "date": "2024-06-07", "close": 3012.0, "volume": 79896, "typical_volume": 112098.8, "trend": 2880.6, "fair_value": 2886.977564, "relative_strength": -0.63889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.485811, "energy": 45.77478, "activity_lines": [ 3021.3, 3019.036364, 2977.657143, 2934.369892 ] }, { "date": "2024-06-14", "close": 3040.0, "volume": 48688, "typical_volume": 112670.75, "trend": 2888.833333, "fair_value": 2885.641026, "relative_strength": 1.467867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.171808, "energy": 34.185855, "activity_lines": [ 3021.2, 3025.8, 2987.904762, 2944.653763 ] }, { "date": "2024-06-21", "close": 3088.0, "volume": 56916, "typical_volume": 111959.7, "trend": 2899.633333, "fair_value": 2884.294872, "relative_strength": 1.873799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.480908, "energy": 39.01417, "activity_lines": [ 3039.133333, 3039.6, 3001.414286, 2957.503226 ] }, { "date": "2024-06-28", "close": 3091.0, "volume": 56172, "typical_volume": 108937.1, "trend": 2910.9, "fair_value": 2883.121795, "relative_strength": 2.816799, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.436186, "energy": 50.767235, "activity_lines": [ 3060.0, 3051.427273, 3013.619048, 2969.849462 ] }, { "date": "2024-07-05", "close": 3104.0, "volume": 94507, "typical_volume": 99303.55, "trend": 2922.85, "fair_value": 2882.519231, "relative_strength": 2.719715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.445249, "energy": 62.796602, "activity_lines": [ 3082.666667, 3062.090909, 3025.761905, 2982.307527 ] }, { "date": "2024-07-12", "close": 3137.0, "volume": 113336, "typical_volume": 89952.25, "trend": 2934.15, "fair_value": 2881.939103, "relative_strength": 3.149807, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.243752, "energy": 74.872589, "activity_lines": [ 3106.0, 3076.536364, 3039.952381, 2996.123656 ] }, { "date": "2024-07-19", "close": 3032.0, "volume": 62544, "typical_volume": 83924.85, "trend": 2942.7, "fair_value": 2881.137821, "relative_strength": 0.834556, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.067778, "energy": 47.691797, "activity_lines": [ 3086.0, 3070.327273, 3042.947619, 3002.436559 ] }, { "date": "2024-07-26", "close": 3014.0, "volume": 85954, "typical_volume": 76552.8, "trend": 2948.3, "fair_value": 2880.676282, "relative_strength": -1.283115, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.61526, "energy": 31.020255, "activity_lines": [ 3060.533333, 3061.545455, 3043.547619, 3007.036559 ] }, { "date": "2024-08-02", "close": 2969.0, "volume": 123542, "typical_volume": 80559.15, "trend": 2953.9, "fair_value": 2879.814103, "relative_strength": -1.385784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.307474, "energy": 14.739463, "activity_lines": [ 3025.0, 3046.454545, 3039.204762, 3008.372043 ] }, { "date": "2024-08-09", "close": 3009.5, "volume": 134029, "typical_volume": 84004.3, "trend": 2961.516667, "fair_value": 2879.288462, "relative_strength": 0.023341, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 21.812752, "energy": 20.797538, "activity_lines": [ 3011.1, 3040.254545, 3038.366667, 3011.95914 ] }, { "date": "2024-08-16", "close": 3074.0, "volume": 62627, "typical_volume": 84175.55, "trend": 2973.55, "fair_value": 2879.673077, "relative_strength": 0.389656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.062762, "energy": 20.378465, "activity_lines": [ 3025.0, 3044.681818, 3043.283333, 3019.216129 ] }, { "date": "2024-08-23", "close": 3038.0, "volume": 123523, "typical_volume": 86259.35, "trend": 2982.65, "fair_value": 2879.217949, "relative_strength": -0.947674, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.781009, "energy": 10.768321, "activity_lines": [ 3031.1, 3041.436364, 3044.109524, 3023.374194 ] }, { "date": "2024-08-30", "close": 3021.0, "volume": 17699, "typical_volume": 84313.15, "trend": 2991.55, "fair_value": 2878.189103, "relative_strength": -2.01755, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.257437, "energy": 8.558006, "activity_lines": [ 3031.133333, 3035.136364, 3042.883333, 3025.848387 ] }, { "date": "2024-09-06", "close": 2925.0, "volume": 102195, "typical_volume": 82452.35, "trend": 2995.116667, "fair_value": 2876.695513, "relative_strength": -2.820066, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -11.994399, "energy": 15.20049, "activity_lines": [ 2998.7, 3012.6, 3032.17381, 3021.554839 ] }, { "date": "2024-09-13", "close": 2993.0, "volume": 42774, "typical_volume": 78433.7, "trend": 2999.083333, "fair_value": 2875.996795, "relative_strength": -1.65969, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -12.150918, "energy": 22.741116, "activity_lines": [ 2991.866667, 3005.445455, 3027.807143, 3021.41828 ] }, { "date": "2024-09-20", "close": 3017.0, "volume": 64678, "typical_volume": 75300.45, "trend": 3003.45, "fair_value": 2875.541667, "relative_strength": -0.374914, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -11.020065, "energy": 22.657081, "activity_lines": [ 2994.133333, 3004.672727, 3025.67381, 3022.574194 ] }, { "date": "2024-09-27", "close": 3189.0, "volume": 57859, "typical_volume": 75035.05, "trend": 3013.45, "fair_value": 2876.269231, "relative_strength": 4.043152, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 54.124583, "energy": 25.672973, "activity_lines": [ 3057.533333, 3037.354545, 3040.083333, 3034.545161 ] }, { "date": "2024-10-04", "close": 3250.0, "volume": 82881, "typical_volume": 77891.8, "trend": 3025.916667, "fair_value": 2877.246795, "relative_strength": 6.385412, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 75.694243, "energy": 65.795893, "activity_lines": [ 3131.2, 3078.272727, 3059.738095, 3049.806452 ] }, { "date": "2024-10-11", "close": 3232.5, "volume": 101992, "typical_volume": 79298.2, "trend": 3037.166667, "fair_value": 2877.817308, "relative_strength": 5.999409, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.730374, "energy": 74.825716, "activity_lines": [ 3183.766667, 3111.718182, 3077.092857, 3063.134409 ] }, { "date": "2024-10-18", "close": 3217.5, "volume": 53330, "typical_volume": 78257.1, "trend": 3046.816667, "fair_value": 2878.310897, "relative_strength": 4.064293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.417723, "energy": 77.012233, "activity_lines": [ 3210.833333, 3137.645455, 3092.164286, 3074.768817 ] }, { "date": "2024-10-25", "close": 3170.5, "volume": 1004282, "typical_volume": 124476.4, "trend": 3054.666667, "fair_value": 2878.794872, "relative_strength": 3.809566, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.8187, "energy": 73.657467, "activity_lines": [ 3207.266667, 3151.245455, 3101.480952, 3082.748387 ] }, { "date": "2024-11-01", "close": 3140.0, "volume": 89031, "typical_volume": 126493.55, "trend": 3061.1, "fair_value": 2878.75641, "relative_strength": 3.639037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.262342, "energy": 50.683937, "activity_lines": [ 3183.3, 3157.545455, 3107.138095, 3088.253763 ] }, { "date": "2024-11-08", "close": 3144.0, "volume": 146189, "typical_volume": 130957.2, "trend": 3067.583333, "fair_value": 2878.201923, "relative_strength": 5.039929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.237354, "energy": 34.77389, "activity_lines": [ 3163.933333, 3162.718182, 3112.7, 3093.602151 ] }, { "date": "2024-11-15", "close": 3103.0, "volume": 139456, "typical_volume": 135121.4, "trend": 3074.45, "fair_value": 2877.830128, "relative_strength": 3.715335, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.339946, "energy": 20.375599, "activity_lines": [ 3137.966667, 3158.2, 3114.090476, 3095.887097 ] }, { "date": "2024-11-22", "close": 3147.5, "volume": 46920, "typical_volume": 132742.05, "trend": 3079.966667, "fair_value": 2878.564103, "relative_strength": 2.612202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.282348, "energy": 20.615946, "activity_lines": [ 3135.466667, 3158.536364, 3119.661905, 3100.6 ] }, { "date": "2024-11-29", "close": 3107.0, "volume": 36925, "typical_volume": 128921.5, "trend": 3081.833333, "fair_value": 2878.689103, "relative_strength": 0.935337, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.246989, "energy": 18.709345, "activity_lines": [ 3124.133333, 3148.7, 3121.169048, 3102.344086 ] }, { "date": "2024-12-06", "close": 3144.5, "volume": 28535, "typical_volume": 127221.05, "trend": 3084.3, "fair_value": 2878.676282, "relative_strength": 1.812432, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.589677, "energy": 17.433784, "activity_lines": [ 3129.533333, 3144.045455, 3126.390476, 3106.387097 ] }, { "date": "2024-12-13", "close": 3177.5, "volume": 29699, "typical_volume": 124408.3, "trend": 3086.316667, "fair_value": 2879.326923, "relative_strength": 2.911837, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.494193, "energy": 22.012263, "activity_lines": [ 3145.633333, 3146.2, 3134.219048, 3112.4 ] }, { "date": "2024-12-20", "close": 3121.0, "volume": 54202, "typical_volume": 120941.3, "trend": 3088.583333, "fair_value": 2879.74359, "relative_strength": 3.642356, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.367557, "energy": 18.88013, "activity_lines": [ 3140.666667, 3139.4, 3135.888095, 3114.637634 ] }, { "date": "2024-12-27", "close": 3117.0, "volume": 7807, "typical_volume": 114630.2, "trend": 3094.183333, "fair_value": 2879.971154, "relative_strength": 2.604937, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.398313, "energy": 12.735729, "activity_lines": [ 3133.166667, 3133.9, 3136.452381, 3116.470968 ] }, { "date": "2025-01-03", "close": 3151.5, "volume": 12931, "typical_volume": 112145.4, "trend": 3098.833333, "fair_value": 2880.692308, "relative_strength": 2.704208, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.227909, "energy": 18.752499, "activity_lines": [ 3139.2, 3136.5, 3139.790476, 3120.168817 ] }, { "date": "2025-01-10", "close": 3122.0, "volume": 77259, "typical_volume": 109832.2, "trend": 3101.566667, "fair_value": 2880.878205, "relative_strength": 1.368705, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.098279, "energy": 11.185463, "activity_lines": [ 3132.433333, 3134.081818, 3139.95, 3121.663441 ] }, { "date": "2025-01-17", "close": 3212.0, "volume": 51672, "typical_volume": 111530.85, "trend": 3105.7, "fair_value": 2881.673077, "relative_strength": 1.070019, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 62.686165, "energy": 35.072154, "activity_lines": [ 3157.166667, 3148.354545, 3148.280952, 3128.788172 ] }, { "date": "2025-01-24", "close": 3192.5, "volume": 28903, "typical_volume": 107866.25, "trend": 3109.083333, "fair_value": 2883.086538, "relative_strength": 0.420565, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.491965, "energy": 45.620472, "activity_lines": [ 3173.1, 3157.845455, 3153.845238, 3134.388172 ] }, { "date": "2025-01-31", "close": 3223.5, "volume": 33070, "typical_volume": 107381.05, "trend": 3113.066667, "fair_value": 2884.346154, "relative_strength": -0.661334, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.689185, "energy": 56.233405, "activity_lines": [ 3194.6, 3171.345455, 3161.088095, 3141.769892 ] }, { "date": "2025-02-07", "close": 3232.5, "volume": 35457, "typical_volume": 105920.0, "trend": 3116.25, "fair_value": 2885.298077, "relative_strength": -0.684325, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.16575, "energy": 62.930484, "activity_lines": [ 3212.0, 3185.1, 3168.090476, 3149.475269 ] }, { "date": "2025-02-14", "close": 3250.0, "volume": 76741, "typical_volume": 106864.1, "trend": 3123.516667, "fair_value": 2886.650641, "relative_strength": -0.509967, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.755995, "energy": 65.314923, "activity_lines": [ 3229.833333, 3199.754545, 3175.733333, 3158.104301 ] }, { "date": "2025-02-21", "close": 3309.0, "volume": 51186, "typical_volume": 105279.35, "trend": 3133.35, "fair_value": 2888.887821, "relative_strength": 2.111218, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.757707, "energy": 73.960527, "activity_lines": [ 3258.8, 3223.218182, 3188.704762, 3170.070968 ] }, { "date": "2025-02-28", "close": 3166.0, "volume": 83433, "typical_volume": 104351.4, "trend": 3139.916667, "fair_value": 2890.923077, "relative_strength": -3.886023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.239701, "energy": 40.156509, "activity_lines": [ 3233.633333, 3218.290909, 3187.77619, 3172.177419 ] }, { "date": "2025-03-07", "close": 3162.0, "volume": 76644, "typical_volume": 105517.1, "trend": 3145.0, "fair_value": 2893.38141, "relative_strength": -2.515914, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.307715, "energy": 22.419778, "activity_lines": [ 3208.9, 3211.818182, 3186.783333, 3173.602151 ] }, { "date": "2025-03-14", "close": 3179.5, "volume": 28852, "typical_volume": 56745.6, "trend": 3148.516667, "fair_value": 2895.128205, "relative_strength": -1.403824, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.392565, "energy": 14.828805, "activity_lines": [ 3194.1, 3207.709091, 3187.721429, 3175.827957 ] }, { "date": "2025-03-21", "close": 3199.0, "volume": 95391, "typical_volume": 57063.6, "trend": 3153.883333, "fair_value": 2897.160256, "relative_strength": -0.96943, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.619824, "energy": 19.045079, "activity_lines": [ 3189.333333, 3206.636364, 3190.47381, 3179.084946 ] }, { "date": "2025-03-28", "close": 3141.0, "volume": 46149, "typical_volume": 52061.6, "trend": 3157.883333, "fair_value": 2898.342949, "relative_strength": -2.869237, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.462201, "energy": 14.488781, "activity_lines": [ 3168.633333, 3193.618182, 3187.421429, 3178.253763 ] }, { "date": "2025-04-04", "close": 2917.0, "volume": 56752, "typical_volume": 47926.4, "trend": 3157.616667, "fair_value": 2898.272436, "relative_strength": -2.981498, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -47.230712, "energy": 51.392076, "activity_lines": [ 3084.466667, 3141.163636, 3163.05, 3162.712903 ] }, { "date": "2025-04-11", "close": 2923.0, "volume": 86567, "typical_volume": 49908.75, "trend": 3155.283333, "fair_value": 2898.538462, "relative_strength": -1.664069, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.03197, "energy": 75.252899, "activity_lines": [ 3018.9, 3094.809091, 3140.135714, 3147.576344 ] }, { "date": "2025-04-18", "close": 2948.5, "volume": 108817, "typical_volume": 53503.35, "trend": 3153.0, "fair_value": 2899.310897, "relative_strength": -4.48764, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.132645, "energy": 78.424072, "activity_lines": [ 2977.766667, 3058.554545, 3120.719048, 3134.235484 ] }, { "date": "2025-04-25", "close": 3018.0, "volume": 30673, "typical_volume": 53610.25, "trend": 3147.3, "fair_value": 2900.080128, "relative_strength": -3.819813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.439505, "energy": 74.723789, "activity_lines": [ 2975.2, 3040.1, 3108.67619, 3125.525806 ] }, { "date": "2025-05-02", "close": 3142.0, "volume": 76682, "typical_volume": 55959.4, "trend": 3143.7, "fair_value": 2902.073718, "relative_strength": -1.947419, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.205112, "energy": 42.469, "activity_lines": [ 3026.033333, 3048.409091, 3109.045238, 3125.183871 ] }, { "date": "2025-05-09", "close": 3140.0, "volume": 50785, "typical_volume": 55788.55, "trend": 3140.616667, "fair_value": 2904.221154, "relative_strength": -1.548431, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.259667, "energy": 18.794739, "activity_lines": [ 3076.133333, 3059.390909, 3109.392857, 3124.945161 ] }, { "date": "2025-05-16", "close": 3239.5, "volume": 63914, "typical_volume": 58593.9, "trend": 3141.35, "fair_value": 2907.070513, "relative_strength": 0.038556, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 13.402889, "energy": 20.054678, "activity_lines": [ 3144.533333, 3088.936364, 3119.12619, 3131.324731 ] }, { "date": "2025-05-23", "close": 3177.0, "volume": 60022, "typical_volume": 60948.45, "trend": 3141.566667, "fair_value": 2909.301282, "relative_strength": -2.254089, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 5.065586, "energy": 21.775217, "activity_lines": [ 3171.0, 3105.709091, 3122.32381, 3133.624731 ] }, { "date": "2025-05-30", "close": 3141.5, "volume": 41434, "typical_volume": 59157.2, "trend": 3141.616667, "fair_value": 2910.971154, "relative_strength": -3.95438, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 5.34625, "energy": 19.803543, "activity_lines": [ 3170.4, 3116.072727, 3122.019048, 3133.62043 ] }, { "date": "2025-06-06", "close": 3220.0, "volume": 39634, "typical_volume": 58555.3, "trend": 3144.15, "fair_value": 2913.253205, "relative_strength": -2.279181, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.335334, "energy": 26.302379, "activity_lines": [ 3187.733333, 3141.754545, 3129.097619, 3138.677419 ] }, { "date": "2025-06-13", "close": 3233.5, "volume": 92617, "typical_volume": 61741.0, "trend": 3148.5, "fair_value": 2916.092949, "relative_strength": -1.970816, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.256131, "energy": 28.892946, "activity_lines": [ 3204.366667, 3168.454545, 3137.42381, 3144.441935 ] }, { "date": "2025-06-20", "close": 3237.0, "volume": 64513, "typical_volume": 63313.15, "trend": 3151.483333, "fair_value": 2918.727564, "relative_strength": -0.985404, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.606843, "energy": 26.568991, "activity_lines": [ 3215.933333, 3190.036364, 3145.888095, 3150.151613 ] }, { "date": "2025-06-27", "close": 3304.0, "volume": 39883, "typical_volume": 63534.45, "trend": 3158.05, "fair_value": 2921.772436, "relative_strength": 0.802222, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.539755, "energy": 56.442282, "activity_lines": [ 3250.0, 3218.090909, 3160.669048, 3159.991398 ] }, { "date": "2025-07-04", "close": 3331.0, "volume": 76004, "typical_volume": 63497.6, "trend": 3164.266667, "fair_value": 2924.75, "relative_strength": 1.353798, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.738038, "energy": 69.447034, "activity_lines": [ 3284.6, 3244.590909, 3177.680952, 3171.149462 ] }, { "date": "2025-07-11", "close": 3361.5, "volume": 42639, "typical_volume": 63070.25, "trend": 3170.4, "fair_value": 2928.445513, "relative_strength": 0.951314, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.235127, "energy": 80.284385, "activity_lines": [ 3316.733333, 3270.945455, 3197.211905, 3183.874194 ] }, { "date": "2025-07-18", "close": 3444.0, "volume": 60114, "typical_volume": 61904.3, "trend": 3181.166667, "fair_value": 2932.387821, "relative_strength": 2.782664, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.278711, "energy": 88.789104, "activity_lines": [ 3366.933333, 3308.309091, 3224.35, 3201.525806 ] }, { "date": "2025-07-25", "close": 3456.0, "volume": 177055, "typical_volume": 66924.85, "trend": 3192.466667, "fair_value": 2936.615385, "relative_strength": 1.611405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.044007, "energy": 91.635965, "activity_lines": [ 3407.1, 3342.327273, 3251.307143, 3219.256989 ] }, { "date": "2025-08-01", "close": 3414.0, "volume": 57764, "typical_volume": 68370.45, "trend": 3201.216667, "fair_value": 2940.317308, "relative_strength": 0.87976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.494377, "energy": 86.584522, "activity_lines": [ 3418.666667, 3364.772727, 3272.864286, 3233.549462 ] }, { "date": "2025-08-08", "close": 3454.5, "volume": 209112, "typical_volume": 74056.5, "trend": 3212.3, "fair_value": 2943.971154, "relative_strength": 1.712864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.029866, "energy": 87.625031, "activity_lines": [ 3436.4, 3390.272727, 3297.161905, 3249.890323 ] }, { "date": "2025-08-15", "close": 3460.5, "volume": 36516, "typical_volume": 73574.85, "trend": 3220.583333, "fair_value": 2947.612179, "relative_strength": 1.361935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.32585, "energy": 84.544247, "activity_lines": [ 3447.9, 3411.172727, 3320.814286, 3265.903226 ] }, { "date": "2025-08-22", "close": 3511.5, "volume": 48503, "typical_volume": 73162.4, "trend": 3231.216667, "fair_value": 2951.333333, "relative_strength": 0.780212, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.262157, "energy": 82.269292, "activity_lines": [ 3469.8, 3436.972727, 3347.802381, 3284.672043 ] }, { "date": "2025-08-29", "close": 3463.0, "volume": 66610, "typical_volume": 72164.55, "trend": 3239.2, "fair_value": 2954.894231, "relative_strength": 0.754543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.13736, "energy": 63.878594, "activity_lines": [ 3471.033333, 3448.9, 3367.340476, 3299.625806 ] }, { "date": "2025-09-05", "close": 3495.5, "volume": 128627, "typical_volume": 73155.05, "trend": 3247.966667, "fair_value": 2958.730769, "relative_strength": 1.354175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.790742, "energy": 64.030808, "activity_lines": [ 3482.633333, 3462.627273, 3387.402381, 3316.16129 ] }, { "date": "2025-09-12", "close": 3622.0, "volume": 126440, "typical_volume": 77943.4, "trend": 3260.366667, "fair_value": 2963.733974, "relative_strength": 4.020896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.13032, "energy": 72.962019, "activity_lines": [ 3530.966667, 3495.872727, 3416.907143, 3340.292473 ] }, { "date": "2025-09-19", "close": 3695.0, "volume": 90193, "typical_volume": 78618.95, "trend": 3273.233333, "fair_value": 2969.227564, "relative_strength": 6.696469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.181744, "energy": 85.500012, "activity_lines": [ 3592.466667, 3537.1, 3450.488095, 3368.333333 ] }, { "date": "2025-09-26", "close": 3686.0, "volume": 52086, "typical_volume": 78684.0, "trend": 3290.566667, "fair_value": 2975.464744, "relative_strength": 5.581695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.939732, "energy": 92.01513, "activity_lines": [ 3635.333333, 3570.627273, 3480.578571, 3394.963441 ] }, { "date": "2025-10-03", "close": 3785.5, "volume": 111088, "typical_volume": 81042.7, "trend": 3311.35, "fair_value": 2981.980769, "relative_strength": 6.038179, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.541088, "energy": 95.677552, "activity_lines": [ 3699.733333, 3617.845455, 3517.545238, 3426.894624 ] }, { "date": "2025-10-10", "close": 3708.0, "volume": 94531, "typical_volume": 82768.15, "trend": 3328.966667, "fair_value": 2988.807692, "relative_strength": 4.561234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.180226, "energy": 85.73244, "activity_lines": [ 3716.8, 3644.981818, 3544.530952, 3452.484946 ] }, { "date": "2025-10-17", "close": 3794.5, "volume": 132093, "typical_volume": 87301.1, "trend": 3348.816667, "fair_value": 2995.983974, "relative_strength": 7.720385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.121646, "energy": 79.379622, "activity_lines": [ 3748.533333, 3682.5, 3577.22619, 3482.519355 ] }, { "date": "2025-10-24", "close": 3869.5, "volume": 47651, "typical_volume": 87701.95, "trend": 3373.1, "fair_value": 3004.599359, "relative_strength": 6.444083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.928314, "energy": 74.050754, "activity_lines": [ 3793.766667, 3727.472727, 3613.954762, 3516.111828 ] }, { "date": "2025-10-31", "close": 3959.5, "volume": 126525, "typical_volume": 89397.35, "trend": 3407.85, "fair_value": 3012.467949, "relative_strength": 7.98682, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.144253, "energy": 75.069039, "activity_lines": [ 3857.366667, 3781.372727, 3656.161905, 3553.944086 ] }, { "date": "2025-11-07", "close": 3858.5, "volume": 202523, "typical_volume": 96297.85, "trend": 3439.033333, "fair_value": 3019.477564, "relative_strength": 5.560848, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.552305, "energy": 66.94601, "activity_lines": [ 3869.066667, 3808.763636, 3685.292857, 3583.01828 ] }, { "date": "2025-11-14", "close": 3952.0, "volume": 146728, "typical_volume": 101640.1, "trend": 3472.483333, "fair_value": 3027.282051, "relative_strength": 7.818136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.268642, "energy": 70.104226, "activity_lines": [ 3907.066667, 3845.963636, 3720.369048, 3616.112903 ] }, { "date": "2025-11-21", "close": 3794.5, "volume": 97071, "typical_volume": 102693.45, "trend": 3498.366667, "fair_value": 3034.410256, "relative_strength": 5.153487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.674318, "energy": 61.550636, "activity_lines": [ 3876.3, 3846.227273, 3737.359524, 3636.888172 ] }, { "date": "2025-11-28", "close": 3862.5, "volume": 62191, "typical_volume": 103671.05, "trend": 3522.383333, "fair_value": 3041.528846, "relative_strength": 4.927288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.003607, "energy": 53.81045, "activity_lines": [ 3868.2, 3855.718182, 3758.619048, 3660.380645 ] }, { "date": "2025-12-05", "close": 3872.0, "volume": 67472, "typical_volume": 104038.95, "trend": 3546.783333, "fair_value": 3048.766026, "relative_strength": 5.649057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.629933, "energy": 47.544783, "activity_lines": [ 3863.733333, 3863.890909, 3778.397619, 3682.936559 ] }, { "date": "2025-12-12", "close": 3824.5, "volume": 133085, "typical_volume": 101840.45, "trend": 3566.283333, "fair_value": 3055.910256, "relative_strength": 4.475888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.437313, "energy": 36.656027, "activity_lines": [ 3849.266667, 3860.045455, 3791.614286, 3700.853763 ] }, { "date": "2025-12-19", "close": 3843.0, "volume": 77863, "typical_volume": 102845.4, "trend": 3588.483333, "fair_value": 3063.057692, "relative_strength": 2.334866, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.859724, "energy": 35.781125, "activity_lines": [ 3843.233333, 3858.854545, 3804.838095, 3718.706452 ] }, { "date": "2025-12-26", "close": 3847.0, "volume": 39686, "typical_volume": 94374.1, "trend": 3612.0, "fair_value": 3070.086538, "relative_strength": 2.680619, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.114449, "energy": 32.385325, "activity_lines": [ 3845.8, 3855.936364, 3816.4, 3735.384946 ] }, { "date": "2026-01-02", "close": 3966.0, "volume": 53773, "typical_volume": 95236.95, "trend": 3636.866667, "fair_value": 3077.128205, "relative_strength": 4.920042, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.754933, "energy": 45.953771, "activity_lines": [ 3884.533333, 3873.7, 3837.42619, 3758.223656 ] }, { "date": "2026-01-09", "close": 4060.0, "volume": 111800, "typical_volume": 98401.8, "trend": 3664.416667, "fair_value": 3084.358974, "relative_strength": 5.446058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.134675, "energy": 61.580227, "activity_lines": [ 3947.7, 3906.8, 3864.997619, 3785.522581 ] }, { "date": "2026-01-16", "close": 4114.0, "volume": 202875, "typical_volume": 105215.05, "trend": 3693.65, "fair_value": 3091.99359, "relative_strength": 5.56325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.282842, "energy": 84.815578, "activity_lines": [ 4016.333333, 3947.890909, 3895.1, 3814.527957 ] }, { "date": "2026-01-23", "close": 4128.0, "volume": 135516, "typical_volume": 105559.5, "trend": 3721.116667, "fair_value": 3099.419872, "relative_strength": 6.712466, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.787172, "energy": 88.31875, "activity_lines": [ 4070.333333, 3986.881818, 3923.435714, 3842.550538 ] }, { "date": "2026-01-30", "close": 4142.0, "volume": 341407, "typical_volume": 116307.85, "trend": 3748.15, "fair_value": 3106.945513, "relative_strength": 6.056217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.570708, "energy": 89.229602, "activity_lines": [ 4110.0, 4025.218182, 3950.092857, 3869.704301 ] }, { "date": "2026-02-06", "close": 4187.0, "volume": 95273, "typical_volume": 116561.85, "trend": 3775.666667, "fair_value": 3115.173077, "relative_strength": 5.524664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.076951, "energy": 89.457234, "activity_lines": [ 4145.0, 4065.418182, 3978.559524, 3898.017204 ] }, { "date": "2026-02-13", "close": 4263.0, "volume": 588376, "typical_volume": 143376.35, "trend": 3802.966667, "fair_value": 3124.073718, "relative_strength": 6.460116, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.996368, "energy": 89.326212, "activity_lines": [ 4190.6, 4113.536364, 4011.921429, 3929.458065 ] }, { "date": "2026-02-20", "close": 4390.0, "volume": 104350, "typical_volume": 143039.45, "trend": 3834.1, "fair_value": 3134.330128, "relative_strength": 7.010682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.104769, "energy": 94.988998, "activity_lines": [ 4265.0, 4177.636364, 4054.630952, 3967.331183 ] }, { "date": "2026-02-27", "close": 4443.0, "volume": 264060, "typical_volume": 151515.9, "trend": 3868.4, "fair_value": 3144.403846, "relative_strength": 5.828447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.310884, "energy": 94.430386, "activity_lines": [ 4338.666667, 4241.090909, 4099.509524, 4006.615054 ] }, { "date": "2026-03-06", "close": 4136.0, "volume": 179579, "typical_volume": 153890.2, "trend": 3891.116667, "fair_value": 3153.211538, "relative_strength": 4.313019, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.689036, "energy": 63.64619, "activity_lines": [ 4289.0, 4237.818182, 4111.65, 4023.87957 ] }, { "date": "2026-03-13", "close": 4118.0, "volume": 173218, "typical_volume": 160168.55, "trend": 3913.033333, "fair_value": 3162.288462, "relative_strength": 3.926876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.076907, "energy": 51.629202, "activity_lines": [ 4233.733333, 4226.018182, 4120.45, 4038.517204 ] }, { "date": "2026-03-20", "close": 4026.0, "volume": 271983, "typical_volume": 167441.45, "trend": 3930.183333, "fair_value": 3170.435897, "relative_strength": 4.929916, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.923569, "energy": 24.397729, "activity_lines": [ 4152.4, 4194.727273, 4119.304762, 4045.805376 ] }, { "date": "2026-03-27", "close": 3976.0, "volume": 123305, "typical_volume": 163480.55, "trend": 3947.283333, "fair_value": 3178.022436, "relative_strength": 2.931298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.782072, "energy": 23.516028, "activity_lines": [ 4070.2, 4154.963636, 4113.080952, 4048.76129 ] }, { "date": "2026-04-03", "close": 4079.0, "volume": 88863, "typical_volume": 160587.3, "trend": 3966.733333, "fair_value": 3186.487179, "relative_strength": 0.709817, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.333094, "energy": 24.3177, "activity_lines": [ 4049.933333, 4136.436364, 4116.107143, 4057.25914 ] }, { "date": "2026-04-10", "close": 4306.0, "volume": 102842, "typical_volume": 160875.85, "trend": 3989.533333, "fair_value": 3196.253205, "relative_strength": 4.46475, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.39044, "energy": 24.1841, "activity_lines": [ 4129.6, 4160.072727, 4140.147619, 4079.147312 ] }, { "date": "2026-04-17", "close": 4504.0, "volume": 152097, "typical_volume": 165371.15, "trend": 4016.5, "fair_value": 3207.551282, "relative_strength": 8.228097, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.933948, "energy": 42.205768, "activity_lines": [ 4263.933333, 4216.727273, 4180.609524, 4112.33871 ] }, { "date": "2026-04-24", "close": 4502.0, "volume": 76028, "typical_volume": 165798.95, "trend": 4043.7, "fair_value": 3218.983974, "relative_strength": 10.776803, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.274742, "energy": 71.879218, "activity_lines": [ 4371.866667, 4267.254545, 4217.82619, 4143.66129 ] }, { "date": "2026-05-01", "close": 4512.0, "volume": 96607, "typical_volume": 163975.05, "trend": 4067.916667, "fair_value": 3230.503205, "relative_strength": 10.805529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.7101, "energy": 78.678275, "activity_lines": [ 4451.4, 4315.254545, 4252.995238, 4173.874194 ] }, { "date": "2026-05-08", "close": 4757.0, "volume": 88449, "typical_volume": 164504.35, "trend": 4102.883333, "fair_value": 3243.663462, "relative_strength": 17.751698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.19771, "energy": 88.631063, "activity_lines": [ 4576.866667, 4405.581818, 4308.22381, 4218.331183 ] }, { "date": "2026-05-15", "close": 4691.0, "volume": 172538, "typical_volume": 171146.95, "trend": 4132.766667, "fair_value": 3256.192308, "relative_strength": 16.054981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.449704, "energy": 84.943922, "activity_lines": [ 4635.133333, 4478.2, 4352.814286, 4256.274194 ] }, { "date": "2026-05-22", "close": 4707.0, "volume": 113477, "typical_volume": 174132.15, "trend": 4160.683333, "fair_value": 3268.657051, "relative_strength": 12.969242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.674748, "energy": 81.441396, "activity_lines": [ 4673.066667, 4543.636364, 4394.909524, 4293.321505 ] }, { "date": "2026-05-29", "close": 4889.0, "volume": 112277, "typical_volume": 174156.0, "trend": 4191.666667, "fair_value": 3282.201923, "relative_strength": 17.347395, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.203776, "energy": 85.326245, "activity_lines": [ 4758.133333, 4631.454545, 4450.809524, 4340.309677 ] }, { "date": "2026-06-05", "close": 4721.0, "volume": 20882, "typical_volume": 165056.35, "trend": 4220.416667, "fair_value": 3294.548077, "relative_strength": 13.270039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.194192, "energy": 69.084056, "activity_lines": [ 4761.4, 4673.036364, 4486.761905, 4374.460215 ] }, { "date": "2026-06-12", "close": 4850.0, "volume": 14984, "typical_volume": 159029.75, "trend": 4250.35, "fair_value": 3307.628205, "relative_strength": 14.677279, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.23369, "energy": 68.591375, "activity_lines": [ 4793.733333, 4724.527273, 4532.109524, 4415.078495 ] }, { "date": "2026-06-19", "close": 5079.0, "volume": 7887, "typical_volume": 142353.75, "trend": 4293.166667, "fair_value": 3322.794872, "relative_strength": 20.651858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.41977, "energy": 85.323251, "activity_lines": [ 4896.2, 4803.636364, 4595.828571, 4468.539785 ] }, { "date": "2026-06-26", "close": 4897.0, "volume": 21300, "typical_volume": 138655.1, "trend": 4327.65, "fair_value": 3336.583333, "relative_strength": 14.236963, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.531527, "energy": 64.586969, "activity_lines": [ 4912.133333, 4835.6, 4637.752381, 4507.496774 ] }, { "date": "2026-07-03", "close": 4866.0, "volume": 8134, "typical_volume": 109643.0, "trend": 4360.783333, "fair_value": 3350.423077, "relative_strength": 11.286304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.17581, "energy": 60.017909, "activity_lines": [ 4905.066667, 4854.781818, 4673.342857, 4542.229032 ] }, { "date": "2026-07-10", "close": 4794.0, "volume": 190647, "typical_volume": 113957.85, "trend": 4393.1, "fair_value": 3363.442308, "relative_strength": 11.116121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.070818, "energy": 53.282372, "activity_lines": [ 4875.533333, 4854.254545, 4699.204762, 4570.178495 ] }, { "date": "2026-07-17", "close": 4521.0, "volume": 187926, "typical_volume": 110151.15, "trend": 4415.7, "fair_value": 3374.634615, "relative_strength": 3.558565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.529013, "energy": 23.837755, "activity_lines": [ 4750.133333, 4798.963636, 4697.142857, 4578.430108 ] }, { "date": "2026-07-24", "close": 4605.0, "volume": 112353, "typical_volume": 106789.85, "trend": 4440.966667, "fair_value": 3385.698718, "relative_strength": 3.905917, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.194788, "energy": 24.046491, "activity_lines": [ 4674.666667, 4763.236364, 4702.709524, 4590.643011 ] }, { "date": "2026-07-31", "close": 4574.0, "volume": 271142, "typical_volume": 111686.05, "trend": 4461.233333, "fair_value": 3396.929487, "relative_strength": 1.743435, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.015058, "energy": 22.293419, "activity_lines": [ 4620.466667, 4723.436364, 4703.090476, 4599.225806 ] }, { "date": "2026-08-07", "close": 4676.0, "volume": 335723, "typical_volume": 114873.05, "trend": 4481.766667, "fair_value": 3409.288462, "relative_strength": 3.461021, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.832457, "energy": 19.242913, "activity_lines": [ 4621.8, 4704.6, 4711.014286, 4613.08172 ] } ], "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." } } }