{ "ticker": { "uuid": "6a90f88c-fd80-45d6-8857-c479be2b3a93", "symbol": "INTU", "name": "Intuit Inc.", "exchange": "MEX", "country": "MX", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^MXX", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -37.86, "architecture_energy": 26.939, "architecture_maturity": 100.0, "architecture_confidence": 69.232, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 41.24, "rotation_up": 28.06, "upward_expansion": 23.15, "deceleration": 47.0, "rotation_down": 21.11, "downward_expansion": 57.15 }, "activity_lines": [ 5364.743294, 5133.789531, 5399.348001, 5864.539651 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 5620.0, "trend_reference": 6573.124903, "distance_from_trend": -0.145003, "trend_direction": "Weakening", "fair_value": 10744.762958, "distance_from_fair_value": -0.476954, "fair_value_direction": "Weakening", "relative_strength": -39.574434, "relative_strength_direction": "Improving", "price_momentum": -0.264939, "excess_performance": -0.210272, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.145003, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.261002, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.476954, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.096942, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.395744, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.069214, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.264939, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.732925, "read": "Demand-led" } ], "volume": { "latest": 1602, "relative_activity": 0.263392, "balance": 2.732925, "dry_up": 0.290314, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.087012, "annualized_volatility": 0.647145, "from_high_reference": -0.581159, "from_low_reference": 0.228641 }, "levels": { "trend_reference": 6573.124903, "fair_value_reference": 10744.762958, "structural_low": 4574.157853, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": 0.005669, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.001166, "regime_survival": 0.875, "best_return": 0.221494, "worst_return": -0.334901, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.090854, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.08979, "regime_survival": 0.625, "best_return": 0.215121, "worst_return": -0.271391, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.030994, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.17174, "regime_survival": 0.25, "best_return": 0.024151, "worst_return": -0.432132, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.159916, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.096069, "regime_survival": 0.666667, "best_return": 0.385913, "worst_return": -0.342142, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-31", "end": "2024-06-07", "tenure": "New", "return": 0.1065, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-06-28", "tenure": "New", "return": 0.092011, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-05", "end": "2024-10-04", "tenure": "Established", "return": -0.03268, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-11", "end": "2024-11-08", "tenure": "Developing", "return": 0.107595, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-15", "end": "2024-12-20", "tenure": "Developing", "return": -0.081764, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-02-07", "tenure": "Developing", "return": -0.08196, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-14", "end": "2025-03-07", "tenure": "New", "return": 0.025968, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-05-09", "tenure": "Developing", "return": 0.079109, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-16", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": 0.039246, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-20", "end": "2025-08-15", "tenure": "Developing", "return": -0.080085, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-22", "end": "2025-10-03", "tenure": "Developing", "return": 0.017409, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-10", "end": "2025-10-24", "tenure": "New", "return": 0.069138, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-08-07", "tenure": "Extended", "return": -0.530756, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8650.856445, "volume": 83, "typical_volume": 528.05, "trend": 7836.964453, "fair_value": 8842.066769, "relative_strength": 6.606847, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.957114, "energy": 93.318147, "activity_lines": [ 8550.447005, 8331.751163, 8051.744529, 7950.537781 ] }, { "date": "2023-08-25", "close": 8378.65332, "volume": 232, "typical_volume": 493.65, "trend": 7859.904167, "fair_value": 8846.592191, "relative_strength": 3.822759, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.92104, "energy": 86.390911, "activity_lines": [ 8506.590429, 8373.731934, 8094.671863, 7985.48545 ] }, { "date": "2023-09-01", "close": 8978.240234, "volume": 536, "typical_volume": 453.85, "trend": 7900.004671, "fair_value": 8853.606502, "relative_strength": 11.60119, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.418785, "energy": 74.847337, "activity_lines": [ 8660.3, 8511.232599, 8192.690069, 8057.636164 ] }, { "date": "2023-09-08", "close": 9754.329102, "volume": 724, "typical_volume": 489.1, "trend": 7965.974805, "fair_value": 8865.595741, "relative_strength": 22.621103, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.644391, "energy": 88.335946, "activity_lines": [ 9042.289388, 8768.017489, 8359.34834, 8177.269999 ] }, { "date": "2023-09-15", "close": 9173.304688, "volume": 58, "typical_volume": 492.0, "trend": 8011.844043, "fair_value": 8873.860464, "relative_strength": 18.008428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.355879, "energy": 69.472564, "activity_lines": [ 9148.448242, 8885.236248, 8462.67719, 8255.162249 ] }, { "date": "2023-09-22", "close": 9173.304688, "volume": 0, "typical_volume": 484.85, "trend": 8064.672168, "fair_value": 8882.125188, "relative_strength": 17.465405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.083486, "energy": 84.691047, "activity_lines": [ 9210.524219, 8976.431428, 8560.779062, 8330.095194 ] }, { "date": "2023-09-29", "close": 8777.59082, "volume": 9, "typical_volume": 485.3, "trend": 8118.401807, "fair_value": 8891.589293, "relative_strength": 14.344267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.093328, "energy": 66.311544, "activity_lines": [ 9105.86569, 8972.194354, 8613.627302, 8376.089946 ] }, { "date": "2023-10-06", "close": 8998.499023, "volume": 2100, "typical_volume": 590.3, "trend": 8170.42513, "fair_value": 8903.416347, "relative_strength": 19.939443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.044822, "energy": 58.432367, "activity_lines": [ 9048.247396, 9000.242773, 8681.832173, 8432.870411 ] }, { "date": "2023-10-13", "close": 9807.725586, "volume": 416, "typical_volume": 452.3, "trend": 8236.216927, "fair_value": 8919.410429, "relative_strength": 30.993092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.459355, "energy": 68.390368, "activity_lines": [ 9259.020703, 9166.759553, 8820.372052, 8538.502699 ] }, { "date": "2023-10-20", "close": 9247.589844, "volume": 851, "typical_volume": 475.8, "trend": 8286.361019, "fair_value": 8933.133182, "relative_strength": 26.04468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.051136, "energy": 55.231579, "activity_lines": [ 9279.522331, 9208.056516, 8894.420998, 8603.752564 ] }, { "date": "2023-10-27", "close": 8667.366211, "volume": 372, "typical_volume": 462.15, "trend": 8317.164323, "fair_value": 8943.136553, "relative_strength": 16.351211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.277135, "energy": 41.039521, "activity_lines": [ 9101.663737, 9130.485032, 8904.709647, 8628.333544 ] }, { "date": "2023-11-03", "close": 8796.692383, "volume": 231, "typical_volume": 432.6, "trend": 8345.187467, "fair_value": 8953.280405, "relative_strength": 12.541397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.460654, "energy": 33.899733, "activity_lines": [ 9000.643099, 9076.12722, 8921.374663, 8659.270839 ] }, { "date": "2023-11-10", "close": 9310.220703, "volume": 8897, "typical_volume": 852.3, "trend": 8393.165609, "fair_value": 8966.4902, "relative_strength": 18.672351, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.129133, "energy": 27.237652, "activity_lines": [ 9069.52513, 9107.537482, 8981.421833, 8721.531047 ] }, { "date": "2023-11-17", "close": 9532.987305, "volume": 410, "typical_volume": 829.75, "trend": 8441.74388, "fair_value": 8981.127986, "relative_strength": 17.651484, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.580689, "energy": 35.576547, "activity_lines": [ 9191.88125, 9173.414755, 9055.388505, 8795.067931 ] }, { "date": "2023-11-24", "close": 9662.616211, "volume": 881, "typical_volume": 823.45, "trend": 8494.643115, "fair_value": 8996.596727, "relative_strength": 18.174103, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.999202, "energy": 49.51378, "activity_lines": [ 9375.762891, 9266.885316, 9133.869589, 8873.833888 ] }, { "date": "2023-12-01", "close": 9867.557617, "volume": 1382, "typical_volume": 891.5, "trend": 8570.751058, "fair_value": 9014.402907, "relative_strength": 17.930846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.228259, "energy": 75.522033, "activity_lines": [ 9600.289909, 9388.721378, 9222.723149, 8962.409017 ] }, { "date": "2023-12-08", "close": 9968.442383, "volume": 805, "typical_volume": 914.25, "trend": 8650.221826, "fair_value": 9031.460549, "relative_strength": 17.600228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.447459, "energy": 87.208036, "activity_lines": [ 9778.432422, 9516.277344, 9311.728172, 9052.582651 ] }, { "date": "2023-12-15", "close": 9968.442383, "volume": 0, "typical_volume": 906.65, "trend": 8729.692594, "fair_value": 9048.518192, "relative_strength": 11.674563, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.386111, "energy": 89.724426, "activity_lines": [ 9878.458268, 9622.181463, 9392.998758, 9137.629138 ] }, { "date": "2023-12-22", "close": 10601.454102, "volume": 830, "typical_volume": 947.8, "trend": 8834.162907, "fair_value": 9069.633601, "relative_strength": 17.830276, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.501866, "energy": 95.232579, "activity_lines": [ 10145.606576, 9825.543289, 9527.668322, 9258.387945 ] }, { "date": "2023-12-29", "close": 10601.084961, "volume": 6, "typical_volume": 941.15, "trend": 8938.785742, "fair_value": 9089.297551, "relative_strength": 17.185978, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.700363, "energy": 93.845502, "activity_lines": [ 10341.400716, 10014.40657, 9652.400535, 9372.382917 ] }, { "date": "2024-01-05", "close": 9960.466797, "volume": 154, "typical_volume": 944.7, "trend": 9023.471973, "fair_value": 9105.475304, "relative_strength": 11.94839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.979091, "energy": 73.556752, "activity_lines": [ 10261.090886, 10062.184819, 9706.173763, 9438.297823 ] }, { "date": "2024-01-12", "close": 9961.365234, "volume": 0, "typical_volume": 933.1, "trend": 9100.971533, "fair_value": 9121.658817, "relative_strength": 12.550706, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.602812, "energy": 64.236999, "activity_lines": [ 10174.886589, 10086.615501, 9753.796317, 9498.807066 ] }, { "date": "2024-01-19", "close": 10400.988281, "volume": 14, "typical_volume": 907.0, "trend": 9188.405013, "fair_value": 9139.776436, "relative_strength": 17.106182, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.696626, "energy": 65.355105, "activity_lines": [ 10235.695117, 10169.801776, 9835.751009, 9582.679114 ] }, { "date": "2024-01-26", "close": 11009.118164, "volume": 158, "typical_volume": 878.7, "trend": 9292.427751, "fair_value": 9161.792324, "relative_strength": 20.12504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.086256, "energy": 71.615525, "activity_lines": [ 10470.377213, 10343.724982, 9968.847842, 9700.144479 ] }, { "date": "2024-02-02", "close": 11099.381836, "volume": 56, "typical_volume": 878.6, "trend": 9404.340218, "fair_value": 9184.386825, "relative_strength": 17.602355, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.454392, "energy": 92.473694, "activity_lines": [ 10707.969596, 10507.221023, 10104.56603, 9816.722162 ] }, { "date": "2024-02-09", "close": 11154.363281, "volume": 17, "typical_volume": 879.45, "trend": 9513.430013, "fair_value": 9207.333772, "relative_strength": 19.38131, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.82621, "energy": 94.33575, "activity_lines": [ 10930.669336, 10654.590678, 10236.348749, 9929.626875 ] }, { "date": "2024-02-16", "close": 11180.310547, "volume": 35, "typical_volume": 880.75, "trend": 9607.966667, "fair_value": 9224.669033, "relative_strength": 19.353765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.316962, "energy": 91.865703, "activity_lines": [ 11082.425065, 10783.281552, 10361.169024, 10037.167555 ] }, { "date": "2024-02-23", "close": 10772.194336, "volume": 258, "typical_volume": 788.65, "trend": 9682.973372, "fair_value": 9241.524114, "relative_strength": 15.332117, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.175913, "energy": 86.289029, "activity_lines": [ 11016.879036, 10815.735511, 10435.679567, 10112.279018 ] }, { "date": "2024-03-01", "close": 11316.192383, "volume": 7, "typical_volume": 768.2, "trend": 9776.113346, "fair_value": 9263.516943, "relative_strength": 22.584726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.464478, "energy": 79.786628, "activity_lines": [ 11107.91862, 10932.484535, 10553.553278, 10217.647986 ] }, { "date": "2024-03-08", "close": 10910.655273, "volume": 2028, "typical_volume": 827.05, "trend": 9856.066471, "fair_value": 9280.843509, "relative_strength": 18.69059, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.745291, "energy": 62.923443, "activity_lines": [ 11043.307552, 10962.504297, 10625.621233, 10290.844239 ] }, { "date": "2024-03-15", "close": 10857.201172, "volume": 811, "typical_volume": 849.0, "trend": 9929.611296, "fair_value": 9301.034771, "relative_strength": 14.83712, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.443545, "energy": 49.950375, "activity_lines": [ 10973.460221, 10977.17658, 10684.678962, 10355.433575 ] }, { "date": "2024-03-22", "close": 10857.201172, "volume": 0, "typical_volume": 837.45, "trend": 10012.229557, "fair_value": 9321.519851, "relative_strength": 13.477188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.547333, "energy": 51.910575, "activity_lines": [ 10923.423698, 10975.544602, 10733.308905, 10415.278083 ] }, { "date": "2024-03-29", "close": 10676.756836, "volume": 986, "typical_volume": 441.9, "trend": 10068.846777, "fair_value": 9340.74933, "relative_strength": 9.586465, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.257387, "energy": 33.609705, "activity_lines": [ 10834.779688, 10924.816637, 10754.941727, 10458.150811 ] }, { "date": "2024-04-05", "close": 10465.930664, "volume": 1642, "typical_volume": 503.5, "trend": 10092.566829, "fair_value": 9354.984582, "relative_strength": 5.708394, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.196642, "energy": 26.801473, "activity_lines": [ 10682.222786, 10830.742667, 10749.988551, 10483.769126 ] }, { "date": "2024-04-12", "close": 10319.459961, "volume": 253, "typical_volume": 472.1, "trend": 10130.772005, "fair_value": 9368.280918, "relative_strength": 6.585893, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.142413, "energy": 19.995752, "activity_lines": [ 10537.526432, 10719.913796, 10726.643197, 10498.407392 ] }, { "date": "2024-04-19", "close": 10334.929688, "volume": 82, "typical_volume": 407.1, "trend": 10169.492839, "fair_value": 9383.53022, "relative_strength": 7.654418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.697668, "energy": 28.329826, "activity_lines": [ 10437.399675, 10626.078001, 10701.643322, 10511.578856 ] }, { "date": "2024-04-26", "close": 10971.428711, "volume": 933, "typical_volume": 413.5, "trend": 10242.620768, "fair_value": 9400.461955, "relative_strength": 9.858616, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.458942, "energy": 25.821927, "activity_lines": [ 10584.257357, 10662.868093, 10735.036821, 10563.316654 ] }, { "date": "2024-05-03", "close": 10658.673828, "volume": 397, "typical_volume": 433.35, "trend": 10297.959928, "fair_value": 9415.38885, "relative_strength": 7.451556, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.578349, "energy": 12.481607, "activity_lines": [ 10619.248242, 10646.591513, 10733.868015, 10590.158787 ] }, { "date": "2024-05-10", "close": 10666.669922, "volume": 45, "typical_volume": 394.1, "trend": 10326.591406, "fair_value": 9430.367003, "relative_strength": 5.897687, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.618785, "energy": 16.05116, "activity_lines": [ 10658.110026, 10633.832777, 10730.173926, 10613.946529 ] }, { "date": "2024-05-17", "close": 10618.916016, "volume": 334, "typical_volume": 410.5, "trend": 10372.302279, "fair_value": 9445.025225, "relative_strength": 5.152423, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.3206, "energy": 21.046866, "activity_lines": [ 10667.671224, 10624.201012, 10721.621294, 10632.806181 ] }, { "date": "2024-05-24", "close": 11148.291992, "volume": 73, "typical_volume": 406.45, "trend": 10454.999805, "fair_value": 9460.435218, "relative_strength": 13.930862, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.352109, "energy": 34.114834, "activity_lines": [ 10833.727344, 10716.123775, 10763.400512, 10682.870033 ] }, { "date": "2024-05-31", "close": 9578.629883, "volume": 3021, "typical_volume": 557.5, "trend": 10481.064388, "fair_value": 9465.783275, "relative_strength": -2.051857, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -38.578357, "energy": 29.142031, "activity_lines": [ 10422.338607, 10517.360867, 10650.03179, 10626.330038 ] }, { "date": "2024-06-07", "close": 10598.750977, "volume": 1693, "typical_volume": 641.45, "trend": 10524.015397, "fair_value": 9477.67057, "relative_strength": 12.106321, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.306041, "energy": 15.819308, "activity_lines": [ 10443.84349, 10527.321271, 10635.640007, 10633.922721 ] }, { "date": "2024-06-14", "close": 10971.648438, "volume": 156, "typical_volume": 641.35, "trend": 10571.970768, "fair_value": 9491.948233, "relative_strength": 16.834939, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 19.962238, "energy": 10.196815, "activity_lines": [ 10593.642383, 10606.499503, 10655.820541, 10662.802272 ] }, { "date": "2024-06-21", "close": 11418.601563, "volume": 536, "typical_volume": 665.35, "trend": 10630.503613, "fair_value": 9509.09098, "relative_strength": 19.391635, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.731418, "energy": 25.220487, "activity_lines": [ 10872.09375, 10757.747071, 10718.746466, 10717.423614 ] }, { "date": "2024-06-28", "close": 11981.162109, "volume": 46, "typical_volume": 666.8, "trend": 10700.957096, "fair_value": 9522.693369, "relative_strength": 25.029918, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 80.092814, "energy": 63.931358, "activity_lines": [ 11284.75293, 10991.293981, 10833.729492, 10804.562872 ] }, { "date": "2024-07-05", "close": 12113.637695, "volume": 1196, "typical_volume": 724.85, "trend": 10772.463607, "fair_value": 9536.985849, "relative_strength": 25.510174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.320519, "energy": 82.184233, "activity_lines": [ 11686.045964, 11218.995863, 10957.392104, 10895.703556 ] }, { "date": "2024-07-12", "close": 12114.538086, "volume": 0, "typical_volume": 711.95, "trend": 10844.00013, "fair_value": 9551.284101, "relative_strength": 18.621472, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.43826, "energy": 85.293006, "activity_lines": [ 11918.638607, 11426.094016, 11076.696052, 10982.289006 ] }, { "date": "2024-07-19", "close": 11559.232422, "volume": 2173, "typical_volume": 820.25, "trend": 10875.926074, "fair_value": 9557.139426, "relative_strength": 15.157127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.598496, "energy": 77.987395, "activity_lines": [ 11865.076888, 11505.757244, 11136.721633, 11028.433025 ] }, { "date": "2024-07-26", "close": 11681.745117, "volume": 2154, "typical_volume": 826.55, "trend": 10911.948079, "fair_value": 9564.248463, "relative_strength": 17.472055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.940797, "energy": 70.296782, "activity_lines": [ 11813.180469, 11591.467099, 11207.257757, 11080.42135 ] }, { "date": "2024-08-02", "close": 11925.431641, "volume": 391, "typical_volume": 805.55, "trend": 10977.446908, "fair_value": 9572.030402, "relative_strength": 20.381485, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.411737, "energy": 49.465238, "activity_lines": [ 11824.969987, 11702.159428, 11297.330264, 11145.807386 ] }, { "date": "2024-08-09", "close": 11895.414063, "volume": 2400, "typical_volume": 925.55, "trend": 11041.915202, "fair_value": 9579.61992, "relative_strength": 17.480315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.207137, "energy": 42.269466, "activity_lines": [ 11830.469011, 11793.264205, 11379.457143, 11205.031074 ] }, { "date": "2024-08-16", "close": 12111.441406, "volume": 10, "typical_volume": 876.75, "trend": 11098.930306, "fair_value": 9588.594229, "relative_strength": 16.610501, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.061743, "energy": 47.744543, "activity_lines": [ 11922.525391, 11881.523331, 11477.214184, 11274.032764 ] }, { "date": "2024-08-23", "close": 12922.866211, "volume": 1533, "typical_volume": 871.3, "trend": 11162.721908, "fair_value": 9599.218446, "relative_strength": 24.75176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.032088, "energy": 71.502824, "activity_lines": [ 12285.263151, 12089.810778, 11645.417946, 11391.706048 ] }, { "date": "2024-08-30", "close": 12315.576172, "volume": 1038, "typical_volume": 910.55, "trend": 11203.261719, "fair_value": 9606.50652, "relative_strength": 19.429835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.803603, "energy": 73.099556, "activity_lines": [ 12354.661979, 12152.205167, 11744.084868, 11466.083743 ] }, { "date": "2024-09-06", "close": 12457.716797, "volume": 831, "typical_volume": 948.0, "trend": 11246.706836, "fair_value": 9614.705751, "relative_strength": 24.422945, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.879068, "energy": 82.077806, "activity_lines": [ 12429.185612, 12224.134677, 11846.783678, 11547.016329 ] }, { "date": "2024-09-13", "close": 12457.716797, "volume": 0, "typical_volume": 901.35, "trend": 11289.287044, "fair_value": 9622.904982, "relative_strength": 21.464985, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.528457, "energy": 84.298822, "activity_lines": [ 12468.223568, 12287.399556, 11939.373977, 11625.146004 ] }, { "date": "2024-09-20", "close": 12481.178711, "volume": 3016, "typical_volume": 1032.3, "trend": 11346.25319, "fair_value": 9629.094423, "relative_strength": 20.564109, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.482558, "energy": 71.774987, "activity_lines": [ 12477.595313, 12348.674254, 12027.121182, 11702.04224 ] }, { "date": "2024-09-27", "close": 12191.384766, "volume": 1364, "typical_volume": 1098.25, "trend": 11375.42627, "fair_value": 9633.42621, "relative_strength": 15.797158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.403195, "energy": 52.012719, "activity_lines": [ 12365.719922, 12350.592951, 12078.590369, 11756.566858 ] }, { "date": "2024-10-04", "close": 11717.758789, "volume": 2552, "typical_volume": 1209.15, "trend": 11402.32972, "fair_value": 9638.224938, "relative_strength": 11.209107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.776871, "energy": 28.548758, "activity_lines": [ 12144.734636, 12254.904155, 12077.691774, 11778.652827 ] }, { "date": "2024-10-11", "close": 12027.616211, "volume": 1895, "typical_volume": 1300.25, "trend": 11441.343555, "fair_value": 9643.429684, "relative_strength": 14.277096, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.512045, "energy": 22.786388, "activity_lines": [ 12066.889649, 12214.898278, 12101.070824, 11818.993891 ] }, { "date": "2024-10-18", "close": 12027.616211, "volume": 0, "typical_volume": 1149.2, "trend": 11480.357389, "fair_value": 9646.198821, "relative_strength": 12.535717, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.316236, "energy": 25.203875, "activity_lines": [ 12017.718034, 12173.034499, 12120.262616, 11856.817933 ] }, { "date": "2024-10-25", "close": 12193.3125, "volume": 444, "typical_volume": 1086.75, "trend": 11530.909245, "fair_value": 9642.06286, "relative_strength": 16.176425, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.647322, "energy": 22.964461, "activity_lines": [ 12052.451888, 12158.893644, 12143.573168, 11902.815037 ] }, { "date": "2024-11-01", "close": 12477.634766, "volume": 2088, "typical_volume": 1183.35, "trend": 11597.966048, "fair_value": 9640.005249, "relative_strength": 20.756034, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.17699, "energy": 32.455089, "activity_lines": [ 12201.150912, 12194.95918, 12186.36888, 11963.894103 ] }, { "date": "2024-11-08", "close": 13321.732422, "volume": 1884, "typical_volume": 1250.75, "trend": 11698.041797, "fair_value": 9645.534389, "relative_strength": 24.997321, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 82.931946, "energy": 66.984774, "activity_lines": [ 12612.132487, 12392.592134, 12302.383482, 12075.104837 ] }, { "date": "2024-11-15", "close": 13984.320313, "volume": 132, "typical_volume": 1255.05, "trend": 11819.688151, "fair_value": 9651.087186, "relative_strength": 33.589679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.333562, "energy": 90.379485, "activity_lines": [ 13137.045117, 12692.401865, 12472.439165, 12222.606676 ] }, { "date": "2024-11-22", "close": 13102.96582, "volume": 584, "typical_volume": 1224.45, "trend": 11890.739388, "fair_value": 9642.062873, "relative_strength": 24.376606, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.084411, "energy": 81.763472, "activity_lines": [ 13237.725977, 12804.208896, 12549.017476, 12305.398784 ] }, { "date": "2024-11-29", "close": 13047.861328, "volume": 50, "typical_volume": 1226.95, "trend": 11970.378971, "fair_value": 9638.092939, "relative_strength": 24.484739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.823969, "energy": 84.298161, "activity_lines": [ 13248.348698, 12894.265128, 12615.636654, 12380.051813 ] }, { "date": "2024-12-06", "close": 13087.137695, "volume": 1196, "typical_volume": 1178.1, "trend": 12051.061231, "fair_value": 9634.117848, "relative_strength": 20.336684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.190075, "energy": 74.476952, "activity_lines": [ 13215.09362, 12981.159197, 12681.552042, 12452.100762 ] }, { "date": "2024-12-13", "close": 13453.650391, "volume": 21, "typical_volume": 1071.45, "trend": 12145.552376, "fair_value": 9629.363773, "relative_strength": 22.102403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.621982, "energy": 53.729586, "activity_lines": [ 13263.375911, 13118.405522, 12775.097661, 12542.590386 ] }, { "date": "2024-12-20", "close": 12840.90918, "volume": 263, "typical_volume": 1065.05, "trend": 12201.972949, "fair_value": 9628.738923, "relative_strength": 20.51732, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.631526, "energy": 35.515993, "activity_lines": [ 13098.616602, 13112.682688, 12801.84933, 12587.452115 ] }, { "date": "2024-12-27", "close": 12975.016602, "volume": 153, "typical_volume": 952.7, "trend": 12315.18584, "fair_value": 9626.785084, "relative_strength": 21.651652, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.287126, "energy": 31.264884, "activity_lines": [ 13054.787175, 13116.555877, 12837.013719, 12637.325899 ] }, { "date": "2025-01-03", "close": 13075.004883, "volume": 27, "typical_volume": 953.55, "trend": 12397.727637, "fair_value": 9630.381758, "relative_strength": 22.446429, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.357602, "energy": 29.58416, "activity_lines": [ 13052.817123, 13121.383292, 12876.559836, 12686.346482 ] }, { "date": "2025-01-10", "close": 12904.748047, "volume": 235, "typical_volume": 888.65, "trend": 12462.16429, "fair_value": 9637.367936, "relative_strength": 18.447322, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.406762, "energy": 20.168939, "activity_lines": [ 12992.285222, 13079.224148, 12895.302618, 12719.057477 ] }, { "date": "2025-01-17", "close": 12677.081055, "volume": 873, "typical_volume": 880.4, "trend": 12504.113607, "fair_value": 9642.89471, "relative_strength": 14.889148, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.508914, "energy": 16.467402, "activity_lines": [ 12868.023633, 12987.905309, 12892.449107, 12732.923074 ] }, { "date": "2025-01-24", "close": 12096.484375, "volume": 4152, "typical_volume": 1046.45, "trend": 12507.957682, "fair_value": 9651.618017, "relative_strength": 6.216463, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.894534, "energy": 19.13662, "activity_lines": [ 12602.001107, 12802.744372, 12832.579223, 12706.624414 ] }, { "date": "2025-01-31", "close": 12633.195313, "volume": 191, "typical_volume": 1056.0, "trend": 12525.27627, "fair_value": 9661.2986, "relative_strength": 10.71095, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.232274, "energy": 19.088087, "activity_lines": [ 12564.510547, 12749.491531, 12825.54482, 12714.704261 ] }, { "date": "2025-02-07", "close": 11911.583008, "volume": 1064, "typical_volume": 958.4, "trend": 12518.5111, "fair_value": 9662.871917, "relative_strength": 0.939065, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.384544, "energy": 45.279674, "activity_lines": [ 12309.270638, 12573.577735, 12748.949823, 12675.111148 ] }, { "date": "2025-02-14", "close": 11962.536133, "volume": 65, "typical_volume": 893.45, "trend": 12531.954557, "fair_value": 9670.828917, "relative_strength": -1.208404, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.421641, "energy": 63.743141, "activity_lines": [ 12148.576563, 12427.587749, 12679.919866, 12639.241795 ] }, { "date": "2025-02-21", "close": 11663.716797, "volume": 261, "typical_volume": 778.9, "trend": 12531.353613, "fair_value": 9681.32841, "relative_strength": -3.29182, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.660276, "energy": 74.175759, "activity_lines": [ 11951.090169, 12247.714276, 12583.52068, 12583.226456 ] }, { "date": "2025-02-28", "close": 12318.362305, "volume": 6222, "typical_volume": 995.25, "trend": 12544.451302, "fair_value": 9696.709144, "relative_strength": 4.610456, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.349136, "energy": 59.634562, "activity_lines": [ 12039.376563, 12219.411506, 12549.726028, 12569.485081 ] }, { "date": "2025-03-07", "close": 12273.178711, "volume": 1070, "typical_volume": 1048.75, "trend": 12557.043457, "fair_value": 9715.606261, "relative_strength": 2.916998, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.151495, "energy": 46.84272, "activity_lines": [ 12097.809896, 12192.394389, 12510.243671, 12551.983623 ] }, { "date": "2025-03-14", "close": 11853.614258, "volume": 3225, "typical_volume": 1187.8, "trend": 12548.449219, "fair_value": 9731.813862, "relative_strength": -0.206849, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.707027, "energy": 44.608187, "activity_lines": [ 12040.389518, 12101.853516, 12429.63345, 12506.601094 ] }, { "date": "2025-03-21", "close": 11980.826172, "volume": 486, "typical_volume": 1107.7, "trend": 12517.047884, "fair_value": 9749.306037, "relative_strength": 0.20013, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.22036, "energy": 37.648316, "activity_lines": [ 12029.237695, 12056.649183, 12362.756259, 12469.980253 ] }, { "date": "2025-03-28", "close": 12169.28418, "volume": 349, "typical_volume": 1030.95, "trend": 12512.171485, "fair_value": 9767.073033, "relative_strength": 0.454348, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.063928, "energy": 31.618656, "activity_lines": [ 12079.685873, 12062.508523, 12316.193206, 12447.543885 ] }, { "date": "2025-04-04", "close": 11520.904297, "volume": 2482, "typical_volume": 1148.45, "trend": 12480.944401, "fair_value": 9778.147658, "relative_strength": -2.079909, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.601507, "energy": 47.222242, "activity_lines": [ 11880.30293, 11959.713281, 12213.367536, 12383.591163 ] }, { "date": "2025-04-11", "close": 11741.0, "volume": 513, "typical_volume": 1144.9, "trend": 12457.053841, "fair_value": 9790.633154, "relative_strength": -0.679195, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.022363, "energy": 45.523515, "activity_lines": [ 11807.449089, 11907.400533, 12143.233915, 12335.852814 ] }, { "date": "2025-04-18", "close": 11654.799805, "volume": 454, "typical_volume": 1165.1, "trend": 12429.507878, "fair_value": 9802.566084, "relative_strength": -4.512868, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.586204, "energy": 46.367024, "activity_lines": [ 11741.34043, 11855.636754, 12071.376302, 12284.094489 ] }, { "date": "2025-04-25", "close": 12130.746094, "volume": 64, "typical_volume": 1108.5, "trend": 12427.486589, "fair_value": 9821.821305, "relative_strength": -7.28657, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.95059, "energy": 38.949844, "activity_lines": [ 11847.134831, 11895.07745, 12051.480534, 12264.819536 ] }, { "date": "2025-05-02", "close": 12069.614258, "volume": 17, "typical_volume": 1108.3, "trend": 12439.215104, "fair_value": 9846.925963, "relative_strength": -6.484394, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.071466, "energy": 25.777702, "activity_lines": [ 11922.557292, 11920.344904, 12030.316932, 12241.730998 ] }, { "date": "2025-05-09", "close": 12791.34082, "volume": 115, "typical_volume": 1100.9, "trend": 12464.672591, "fair_value": 9880.880409, "relative_strength": -2.523362, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.093648, "energy": 12.875342, "activity_lines": [ 12245.199935, 12069.455416, 12084.479841, 12264.448786 ] }, { "date": "2025-05-16", "close": 12744.313477, "volume": 132, "typical_volume": 1099.85, "trend": 12488.5625, "fair_value": 9914.533397, "relative_strength": -5.563521, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.260447, "energy": 24.228157, "activity_lines": [ 12467.471029, 12201.415891, 12134.399996, 12282.490134 ] }, { "date": "2025-05-23", "close": 13859.635742, "volume": 3435, "typical_volume": 1270.25, "trend": 12544.106608, "fair_value": 9955.335887, "relative_strength": 1.653764, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.462441, "energy": 65.082698, "activity_lines": [ 12994.628646, 12527.596147, 12291.639904, 12370.946472 ] }, { "date": "2025-05-30", "close": 14629.801758, "volume": 361, "typical_volume": 1276.55, "trend": 12615.845508, "fair_value": 9996.300162, "relative_strength": 7.653861, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 67.315321, "energy": 87.831356, "activity_lines": [ 13631.519206, 12957.33347, 12518.49262, 12505.507449 ] }, { "date": "2025-06-06", "close": 14698.44043, "volume": 78, "typical_volume": 1236.8, "trend": 12661.735775, "fair_value": 10038.584416, "relative_strength": 7.283427, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.874127, "energy": 87.108524, "activity_lines": [ 14124.685612, 13351.387358, 12743.667811, 12639.868412 ] }, { "date": "2025-06-13", "close": 14403.572266, "volume": 450, "typical_volume": 1051.7, "trend": 12675.71084, "fair_value": 10078.978491, "relative_strength": 5.920099, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.075328, "energy": 90.469454, "activity_lines": [ 14344.307552, 13645.844194, 12931.134798, 12752.24496 ] }, { "date": "2025-06-20", "close": 14503.527344, "volume": 227, "typical_volume": 1053.5, "trend": 12722.396224, "fair_value": 10119.29511, "relative_strength": 8.514853, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.639134, "energy": 89.55375, "activity_lines": [ 14489.765755, 13906.062536, 13117.135184, 12870.168605 ] }, { "date": "2025-06-27", "close": 14744.419922, "volume": 279, "typical_volume": 1014.25, "trend": 12778.948177, "fair_value": 10164.032746, "relative_strength": 7.902847, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.241573, "energy": 91.279431, "activity_lines": [ 14598.24056, 14159.851758, 13317.171378, 13000.621747 ] }, { "date": "2025-07-04", "close": 14770.408203, "volume": 24, "typical_volume": 1012.2, "trend": 12835.057194, "fair_value": 10208.93262, "relative_strength": 6.799148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.53356, "energy": 89.695746, "activity_lines": [ 14656.392513, 14362.191211, 13506.192946, 13129.103039 ] }, { "date": "2025-07-11", "close": 14013.044922, "volume": 8045, "typical_volume": 1401.4, "trend": 12853.703679, "fair_value": 10247.914986, "relative_strength": 3.574255, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.289127, "energy": 65.799417, "activity_lines": [ 14452.716276, 14378.834393, 13609.713858, 13205.102247 ] }, { "date": "2025-07-18", "close": 14074.741211, "volume": 86, "typical_volume": 1094.6, "trend": 12894.831413, "fair_value": 10281.464421, "relative_strength": 4.330385, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.106056, "energy": 57.843657, "activity_lines": [ 14315.298503, 14371.359979, 13707.923331, 13283.878862 ] }, { "date": "2025-07-25", "close": 14448.441406, "volume": 721, "typical_volume": 1077.15, "trend": 12943.945573, "fair_value": 10317.411543, "relative_strength": 4.879391, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.268265, "energy": 53.549762, "activity_lines": [ 14324.369531, 14408.496502, 13833.359589, 13384.111765 ] }, { "date": "2025-08-01", "close": 15224.311523, "volume": 8779, "typical_volume": 1354.85, "trend": 13015.589128, "fair_value": 10354.194577, "relative_strength": 10.984081, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.109034, "energy": 65.026252, "activity_lines": [ 14595.736328, 14555.716175, 14022.329846, 13531.232149 ] }, { "date": "2025-08-08", "close": 14215.688477, "volume": 247, "typical_volume": 1342.9, "trend": 13059.287142, "fair_value": 10384.512079, "relative_strength": 1.376737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.159744, "energy": 52.037282, "activity_lines": [ 14498.902669, 14494.737553, 14099.189825, 13608.657913 ] }, { "date": "2025-08-15", "close": 13342.015625, "volume": 2913, "typical_volume": 1471.1, "trend": 13081.451628, "fair_value": 10409.229114, "relative_strength": -5.298517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.062241, "energy": 27.323055, "activity_lines": [ 14147.826042, 14282.438654, 14082.200665, 13626.898461 ] }, { "date": "2025-08-22", "close": 12345.387695, "volume": 1890, "typical_volume": 1441.5, "trend": 13089.748405, "fair_value": 10427.557508, "relative_strength": -13.483304, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -17.985859, "energy": 25.916635, "activity_lines": [ 13509.275391, 13913.596946, 13964.710124, 13579.410465 ] }, { "date": "2025-08-29", "close": 12470.34082, "volume": 892, "typical_volume": 1460.45, "trend": 13084.319922, "fair_value": 10452.559148, "relative_strength": -11.695245, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.055276, "energy": 52.715004, "activity_lines": [ 13027.666015, 13604.895525, 13855.193769, 13539.448685 ] }, { "date": "2025-09-05", "close": 12480.476563, "volume": 852, "typical_volume": 1480.35, "trend": 13103.28304, "fair_value": 10478.581997, "relative_strength": -13.953162, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.581442, "energy": 64.151744, "activity_lines": [ 12681.308594, 13335.003995, 13743.169671, 13500.491049 ] }, { "date": "2025-09-12", "close": 11951.53418, "volume": 5374, "typical_volume": 1745.85, "trend": 13102.916309, "fair_value": 10499.616533, "relative_strength": -19.05969, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.494965, "energy": 80.487245, "activity_lines": [ 12341.559375, 13010.103729, 13576.838314, 13426.184671 ] }, { "date": "2025-09-19", "close": 12673.754883, "volume": 427, "typical_volume": 1766.35, "trend": 13136.584245, "fair_value": 10525.28069, "relative_strength": -13.104697, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.686532, "energy": 69.118284, "activity_lines": [ 12393.494011, 12867.768573, 13480.143271, 13398.496837 ] }, { "date": "2025-09-26", "close": 12740.240234, "volume": 160, "typical_volume": 1768.6, "trend": 13150.646843, "fair_value": 10554.190239, "relative_strength": -14.016537, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.924954, "energy": 43.230435, "activity_lines": [ 12512.141146, 12761.87239, 13386.903306, 13372.926256 ] }, { "date": "2025-10-03", "close": 12560.306641, "volume": 1060, "typical_volume": 1815.0, "trend": 13160.217774, "fair_value": 10584.180351, "relative_strength": -14.650985, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.580183, "energy": 39.846699, "activity_lines": [ 12544.486914, 12647.524663, 13276.770145, 13334.839791 ] }, { "date": "2025-10-10", "close": 11852.101563, "volume": 1450, "typical_volume": 1715.75, "trend": 13160.16735, "fair_value": 10610.890829, "relative_strength": -17.354429, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -50.964344, "energy": 46.365781, "activity_lines": [ 12334.766602, 12438.742099, 13100.065104, 13250.445197 ] }, { "date": "2025-10-17", "close": 12138.673828, "volume": 960, "typical_volume": 1745.7, "trend": 13165.428939, "fair_value": 10636.33837, "relative_strength": -16.762601, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -38.669842, "energy": 43.020967, "activity_lines": [ 12262.462044, 12343.376492, 12960.212347, 13184.542389 ] }, { "date": "2025-10-24", "close": 12671.52832, "volume": 333, "typical_volume": 1758.45, "trend": 13182.17041, "fair_value": 10664.046108, "relative_strength": -12.056174, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -58.042263, "energy": 46.664689, "activity_lines": [ 12355.299674, 12382.657422, 12882.97015, 13152.677833 ] }, { "date": "2025-10-31", "close": 11976.717773, "volume": 1084, "typical_volume": 1790.15, "trend": 13197.364193, "fair_value": 10690.631226, "relative_strength": -18.658905, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.931566, "energy": 58.526181, "activity_lines": [ 12216.682226, 12307.79984, 12749.207482, 13074.906695 ] }, { "date": "2025-11-07", "close": 11781.772461, "volume": 198, "typical_volume": 1788.7, "trend": 13198.723275, "fair_value": 10715.864264, "relative_strength": -20.284892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.37228, "energy": 59.439115, "activity_lines": [ 12063.984505, 12204.200746, 12608.435045, 12983.578196 ] }, { "date": "2025-11-14", "close": 12116.680664, "volume": 367, "typical_volume": 1793.1, "trend": 13214.119303, "fair_value": 10746.45484, "relative_strength": -16.06886, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.055335, "energy": 55.623924, "activity_lines": [ 12074.82513, 12174.013477, 12512.519364, 12913.768996 ] }, { "date": "2025-11-21", "close": 12361.612305, "volume": 617, "typical_volume": 1822.75, "trend": 13221.814844, "fair_value": 10776.595997, "relative_strength": -13.315453, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.172711, "energy": 60.879556, "activity_lines": [ 12149.671029, 12194.973704, 12452.44355, 12858.768544 ] }, { "date": "2025-11-28", "close": 11564.831055, "volume": 6764, "typical_volume": 1758.7, "trend": 13204.988737, "fair_value": 10803.883169, "relative_strength": -20.564598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.118426, "energy": 65.513613, "activity_lines": [ 11944.060612, 12063.608647, 12327.954264, 12751.866364 ] }, { "date": "2025-12-05", "close": 12146.671875, "volume": 824, "typical_volume": 1795.6, "trend": 13183.499772, "fair_value": 10832.665258, "relative_strength": -15.833546, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.57704, "energy": 42.410739, "activity_lines": [ 12006.176953, 12058.195082, 12270.536551, 12683.587857 ] }, { "date": "2025-12-12", "close": 12181.662109, "volume": 3233, "typical_volume": 1921.2, "trend": 13164.744727, "fair_value": 10861.971044, "relative_strength": -16.822343, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.648441, "energy": 38.587699, "activity_lines": [ 12068.626432, 12069.935529, 12225.632524, 12618.953169 ] }, { "date": "2025-12-19", "close": 12081.599609, "volume": 2107, "typical_volume": 1587.6, "trend": 13105.476855, "fair_value": 10891.870255, "relative_strength": -16.044672, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.62076, "energy": 36.438114, "activity_lines": [ 12071.062435, 12070.367241, 12181.992922, 12549.072839 ] }, { "date": "2025-12-26", "close": 12081.599609, "volume": 0, "typical_volume": 1575.25, "trend": 13020.536784, "fair_value": 10922.546872, "relative_strength": -17.622494, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.419208, "energy": 27.201847, "activity_lines": [ 12075.837174, 12066.626261, 12153.318615, 12483.016242 ] }, { "date": "2026-01-02", "close": 12071.691406, "volume": 65, "typical_volume": 1432.85, "trend": 12932.978483, "fair_value": 10953.159975, "relative_strength": -15.195971, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.399885, "energy": 26.14997, "activity_lines": [ 12095.976692, 12062.121502, 12133.862997, 12421.800412 ] }, { "date": "2026-01-09", "close": 11348.048828, "volume": 1787, "typical_volume": 1427.7, "trend": 12831.127702, "fair_value": 10979.129348, "relative_strength": -22.000445, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.505513, "energy": 49.435873, "activity_lines": [ 11841.111328, 11936.951491, 12051.538202, 12319.546885 ] }, { "date": "2026-01-16", "close": 9715.330078, "volume": 8403, "typical_volume": 1803.25, "trend": 12671.521126, "fair_value": 10994.632575, "relative_strength": -33.663184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.784472, "energy": 88.659418, "activity_lines": [ 11095.247916, 11526.353871, 11818.465616, 12118.527684 ] }, { "date": "2026-01-23", "close": 9777.319336, "volume": 768, "typical_volume": 1799.05, "trend": 12505.951107, "fair_value": 11008.009866, "relative_strength": -33.73334, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.210511, "energy": 95.170225, "activity_lines": [ 10534.469726, 11164.598704, 11604.415867, 11931.804988 ] }, { "date": "2026-01-30", "close": 8726.349609, "volume": 3463, "typical_volume": 1703.5, "trend": 12304.482487, "fair_value": 11014.106818, "relative_strength": -39.704469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.914255, "energy": 97.649545, "activity_lines": [ 9776.986979, 10654.291974, 11303.14594, 11687.95973 ] }, { "date": "2026-02-06", "close": 7645.625488, "volume": 10594, "typical_volume": 2211.85, "trend": 12092.235172, "fair_value": 11013.276051, "relative_strength": -49.028966, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.559041, "energy": 98.342921, "activity_lines": [ 8882.946191, 10013.585635, 10914.307929, 11387.388311 ] }, { "date": "2026-02-13", "close": 6842.82373, "volume": 13044, "typical_volume": 2856.05, "trend": 11851.171256, "fair_value": 11007.158078, "relative_strength": -54.287406, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.899094, "energy": 98.486306, "activity_lines": [ 8016.375879, 9298.173624, 10472.95608, 11048.716605 ] }, { "date": "2026-02-20", "close": 6502.881836, "volume": 2039, "typical_volume": 2905.0, "trend": 11586.319271, "fair_value": 11000.199238, "relative_strength": -56.023764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.293942, "energy": 97.269207, "activity_lines": [ 7336.839941, 8617.387597, 10027.311749, 10703.665674 ] }, { "date": "2026-02-27", "close": 7012.794434, "volume": 10332, "typical_volume": 3349.1, "trend": 11312.602034, "fair_value": 10999.219063, "relative_strength": -51.942418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.943237, "energy": 89.712206, "activity_lines": [ 7041.438086, 8132.563503, 9659.075402, 10408.599556 ] }, { "date": "2026-03-06", "close": 8556.429688, "volume": 9904, "typical_volume": 3796.3, "trend": 11123.960075, "fair_value": 11006.389771, "relative_strength": -37.177732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.422267, "energy": 68.491924, "activity_lines": [ 7444.882975, 8020.560458, 9460.896256, 10230.781985 ] }, { "date": "2026-03-13", "close": 7797.999023, "volume": 4948, "typical_volume": 4027.05, "trend": 10939.159521, "fair_value": 11006.159177, "relative_strength": -40.69096, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.204845, "energy": 65.971489, "activity_lines": [ 7606.845638, 7834.754927, 9207.543924, 10016.203853 ] }, { "date": "2026-03-20", "close": 7915.63916, "volume": 181, "typical_volume": 3981.9, "trend": 10791.501237, "fair_value": 11007.264126, "relative_strength": -37.753194, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.114427, "energy": 55.856901, "activity_lines": [ 7797.863444, 7748.04201, 8988.602697, 9821.138023 ] }, { "date": "2026-03-27", "close": 7789.660645, "volume": 209, "typical_volume": 3982.45, "trend": 10635.478564, "fair_value": 11007.56152, "relative_strength": -40.439745, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.279133, "energy": 47.071348, "activity_lines": [ 7875.367383, 7700.831357, 8777.001986, 9627.470888 ] }, { "date": "2026-04-03", "close": 7789.660645, "volume": 0, "typical_volume": 3964.1, "trend": 10479.118034, "fair_value": 11006.495255, "relative_strength": -42.383507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.723488, "energy": 47.325445, "activity_lines": [ 7867.086068, 7688.632875, 8584.41133, 9443.869732 ] }, { "date": "2026-04-10", "close": 6014.029785, "volume": 28306, "typical_volume": 5348.55, "trend": 10281.201221, "fair_value": 10994.592392, "relative_strength": -55.08844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.299884, "energy": 64.331182, "activity_lines": [ 7215.136719, 7389.731667, 8243.317832, 9155.799522 ] }, { "date": "2026-04-17", "close": 6794.890137, "volume": 12848, "typical_volume": 5652.75, "trend": 10085.239062, "fair_value": 10986.382462, "relative_strength": -48.478896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.322764, "energy": 63.507365, "activity_lines": [ 6992.967481, 7282.119975, 8006.818569, 8930.876226 ] }, { "date": "2026-04-24", "close": 6774.0, "volume": 5895, "typical_volume": 5906.3, "trend": 9886.364388, "fair_value": 10978.038621, "relative_strength": -47.576296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.010511, "energy": 63.038923, "activity_lines": [ 6830.708789, 7186.177992, 7791.043773, 8717.2479 ] }, { "date": "2026-05-01", "close": 6801.200195, "volume": 1735, "typical_volume": 5831.4, "trend": 9694.394173, "fair_value": 10973.018627, "relative_strength": -45.651516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.925735, "energy": 71.939137, "activity_lines": [ 6753.626107, 7096.432839, 7603.443624, 8518.205049 ] }, { "date": "2026-05-08", "close": 6800.02002, "volume": 725, "typical_volume": 5762.3, "trend": 9525.991455, "fair_value": 10967.991067, "relative_strength": -46.495858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.939989, "energy": 71.286326, "activity_lines": [ 6742.047396, 7001.049139, 7441.352325, 8331.471232 ] }, { "date": "2026-05-15", "close": 6599.0, "volume": 512, "typical_volume": 5787.9, "trend": 9341.335661, "fair_value": 10961.674917, "relative_strength": -45.94112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.504996, "energy": 61.993854, "activity_lines": [ 6729.438053, 6872.98497, 7285.266641, 8142.633074 ] }, { "date": "2026-05-22", "close": 5536.25, "volume": 17813, "typical_volume": 6675.3, "trend": 9103.49305, "fair_value": 10949.296105, "relative_strength": -54.116251, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.097511, "energy": 66.868268, "activity_lines": [ 6323.580697, 6587.283159, 7054.074289, 7897.143677 ] }, { "date": "2026-05-29", "close": 5711.439941, "volume": 29785, "typical_volume": 8075.2, "trend": 8894.650456, "fair_value": 10938.072003, "relative_strength": -51.951977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.681953, "energy": 66.854123, "activity_lines": [ 6060.029329, 6374.556774, 6870.687842, 7678.30154 ] }, { "date": "2026-06-05", "close": 5151.02694, "volume": 794, "typical_volume": 7694.75, "trend": 8673.625605, "fair_value": 10923.528074, "relative_strength": -54.172448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.13249, "energy": 84.667662, "activity_lines": [ 5680.510966, 6100.013465, 6660.769723, 7436.777443 ] }, { "date": "2026-06-12", "close": 4706.236419, "volume": 149, "typical_volume": 7663.8, "trend": 8426.610797, "fair_value": 10904.745112, "relative_strength": -58.392211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.118433, "energy": 93.147429, "activity_lines": [ 5262.740645, 5792.574311, 6430.225379, 7180.81685 ] }, { "date": "2026-06-19", "close": 4574.157853, "volume": 0, "typical_volume": 7490.65, "trend": 8167.028982, "fair_value": 10884.207766, "relative_strength": -58.499039, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.60697, "energy": 92.767736, "activity_lines": [ 4940.52971, 5517.183131, 6211.250138, 6932.271499 ] }, { "date": "2026-06-26", "close": 4693.609245, "volume": 304, "typical_volume": 6976.15, "trend": 7937.988255, "fair_value": 10863.728107, "relative_strength": -56.142297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.420018, "energy": 89.17905, "activity_lines": [ 4793.125381, 5289.689876, 6023.423562, 6708.179903 ] }, { "date": "2026-07-03", "close": 4799.323085, "volume": 0, "typical_volume": 6323.95, "trend": 7693.076628, "fair_value": 10844.864743, "relative_strength": -54.026412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.855668, "energy": 76.047209, "activity_lines": [ 4737.135049, 5119.622425, 5859.72219, 6505.685376 ] }, { "date": "2026-07-10", "close": 4805.0, "volume": 15506, "typical_volume": 6997.3, "trend": 7447.187891, "fair_value": 10825.142503, "relative_strength": -52.553594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.541738, "energy": 73.201161, "activity_lines": [ 4743.844813, 4986.490358, 5706.292433, 6319.357851 ] }, { "date": "2026-07-17", "close": 5123.0, "volume": 1491, "typical_volume": 6555.25, "trend": 7215.234571, "fair_value": 10804.493715, "relative_strength": -48.389472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.060338, "energy": 63.709941, "activity_lines": [ 4879.62304, 4947.471022, 5591.233541, 6169.410245 ] }, { "date": "2026-07-24", "close": 5152.049805, "volume": 766, "typical_volume": 6098.35, "trend": 6984.249578, "fair_value": 10782.891514, "relative_strength": -46.700309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.945537, "energy": 56.070151, "activity_lines": [ 4997.300296, 4944.224741, 5487.940319, 6036.301551 ] }, { "date": "2026-07-31", "close": 5466.0, "volume": 3204, "typical_volume": 6011.15, "trend": 6764.059864, "fair_value": 10763.301814, "relative_strength": -42.508648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.682431, "energy": 42.026318, "activity_lines": [ 5181.101487, 5024.368499, 5430.758448, 5938.349965 ] }, { "date": "2026-08-07", "close": 5620.0, "volume": 1602, "typical_volume": 6082.2, "trend": 6573.124903, "fair_value": 10744.762958, "relative_strength": -39.574434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.859924, "energy": 26.938867, "activity_lines": [ 5364.743294, 5133.789531, 5399.348001, 5864.539651 ] } ], "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." } } }