{ "ticker": { "uuid": "6d0e472d-4d06-45f7-ab46-958e5ef36837", "symbol": "SRTY", "name": "PROSHARES TRUST ULTRAPRO SHORT RUSSELL 2000 NEW(P/S)", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "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": -70.699, "architecture_energy": 53.022, "architecture_maturity": 94.264, "architecture_confidence": 79.579, "architecture_tenure": "Established", "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": 25.83, "rotation_up": 29.46, "upward_expansion": 13.5, "deceleration": 59.69, "rotation_down": 43.47, "downward_expansion": 73.16 }, "activity_lines": [ 22.608667, 22.640544, 24.064382, 26.76452 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 21.2, "trend_reference": 29.82504, "distance_from_trend": -0.289188, "trend_direction": "Weakening", "fair_value": 77.210973, "distance_from_fair_value": -0.725428, "fair_value_direction": "Weakening", "relative_strength": -48.488676, "relative_strength_direction": "Improving", "price_momentum": -0.367178, "excess_performance": -0.492803, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.289188, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.174021, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.725428, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.022524, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.484887, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.036644, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.367178, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.722894, "read": "Supply-led" } ], "volume": { "latest": 7780095, "relative_activity": 0.658149, "balance": 0.722894, "dry_up": 0.69793, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.118855, "annualized_volatility": 0.491168, "from_high_reference": -0.659531, "from_low_reference": 0.016299 }, "levels": { "trend_reference": 29.82504, "fair_value_reference": 77.210973, "structural_low": 20.86, "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": 38, "median_return": -0.022008, "positive_rate": 0.421053, "directional_follow_through": 0.578947, "median_excess_return": -0.043371, "regime_survival": 0.815789, "best_return": 0.285323, "worst_return": -0.195355, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": -0.156198, "positive_rate": 0.307692, "directional_follow_through": 0.692308, "median_excess_return": -0.200348, "regime_survival": 0.538462, "best_return": 0.439809, "worst_return": -0.301377, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.175716, "positive_rate": 0.142857, "directional_follow_through": 0.857143, "median_excess_return": -0.250846, "regime_survival": 0.285714, "best_return": 0.053705, "worst_return": -0.422203, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.241466, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.446934, "regime_survival": 0.25, "best_return": 0.393548, "worst_return": -0.597235, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-03", "end": "2023-11-17", "tenure": "New", "return": -0.079828, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-11-24", "end": "2023-12-15", "tenure": "New", "return": -0.254755, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-12-22", "end": "2024-01-12", "tenure": "New", "return": 0.134628, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-19", "end": "2024-06-07", "tenure": "Established", "return": -0.143083, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-07-19", "tenure": "Developing", "return": -0.233973, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-26", "end": "2025-01-10", "tenure": "Established", "return": 0.027436, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-17", "end": "2025-02-28", "tenure": "Developing", "return": 0.159027, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": 0.017301, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-05-02", "tenure": "Developing", "return": -0.098973, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-09", "end": "2025-06-13", "tenure": "Developing", "return": -0.119266, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-20", "end": "2025-07-18", "tenure": "Developing", "return": -0.169118, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-25", "end": "2026-03-27", "tenure": "Extended", "return": -0.273792, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": -0.248038, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": -0.246578, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 144.470673, "volume": 4754553, "typical_volume": 3576947.2, "trend": 151.702926, "fair_value": 214.543528, "relative_strength": -19.938063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.156679, "energy": 39.338978, "activity_lines": [ 131.918415, 132.241924, 141.715176, 148.081261 ] }, { "date": "2023-08-25", "close": 146.351802, "volume": 4744976, "typical_volume": 3667571.7, "trend": 151.845471, "fair_value": 211.264735, "relative_strength": -19.201683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.489767, "energy": 21.575321, "activity_lines": [ 137.910665, 134.323772, 141.268461, 147.736027 ] }, { "date": "2023-09-01", "close": 131.439583, "volume": 3401655, "typical_volume": 3713433.6, "trend": 152.03427, "fair_value": 207.550188, "relative_strength": -28.537586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.079144, "energy": 25.022197, "activity_lines": [ 137.39763, 133.602414, 139.544307, 146.419519 ] }, { "date": "2023-09-08", "close": 146.591218, "volume": 3007553, "typical_volume": 3754539.1, "trend": 152.277038, "fair_value": 203.624999, "relative_strength": -18.909906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.606531, "energy": 24.303315, "activity_lines": [ 141.148486, 136.062495, 139.439961, 146.068354 ] }, { "date": "2023-09-15", "close": 147.719895, "volume": 3555005, "typical_volume": 3782791.3, "trend": 152.75766, "fair_value": 200.112002, "relative_strength": -17.482298, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.772267, "energy": 18.971989, "activity_lines": [ 143.763825, 138.581031, 139.535803, 145.774345 ] }, { "date": "2023-09-22", "close": 165.795676, "volume": 3810559, "typical_volume": 3793740.8, "trend": 153.441468, "fair_value": 196.185733, "relative_strength": -3.371414, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.711196, "energy": 22.166316, "activity_lines": [ 151.257505, 144.311449, 141.471476, 146.615507 ] }, { "date": "2023-09-29", "close": 163.519778, "volume": 4707504, "typical_volume": 3909830.2, "trend": 154.337388, "fair_value": 192.876606, "relative_strength": -2.643899, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.21609, "energy": 41.021228, "activity_lines": [ 156.570887, 148.955528, 143.229596, 147.265721 ] }, { "date": "2023-10-06", "close": 174.382016, "volume": 5764896, "typical_volume": 4025026.4, "trend": 154.347863, "fair_value": 190.420025, "relative_strength": 4.41064, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.607825, "energy": 62.735276, "activity_lines": [ 164.360482, 154.843902, 146.098899, 148.558922 ] }, { "date": "2023-10-13", "close": 182.38214, "volume": 4975730, "typical_volume": 4061357.45, "trend": 154.175047, "fair_value": 187.998528, "relative_strength": 9.900546, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.038004, "energy": 71.69335, "activity_lines": [ 171.953956, 161.19153, 149.706466, 150.367585 ] }, { "date": "2023-10-20", "close": 194.416809, "volume": 6989006, "typical_volume": 4245704.1, "trend": 154.551704, "fair_value": 185.71357, "relative_strength": 20.539602, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.553091, "energy": 78.145816, "activity_lines": [ 181.172926, 168.664243, 154.398119, 152.963828 ] }, { "date": "2023-10-27", "close": 210.175675, "volume": 5008737, "typical_volume": 4227271.05, "trend": 156.120688, "fair_value": 182.827706, "relative_strength": 33.158136, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 89.46077, "energy": 93.248173, "activity_lines": [ 192.531723, 177.840373, 160.391773, 156.552471 ] }, { "date": "2023-11-03", "close": 168.03709, "volume": 5461576, "typical_volume": 4251461.6, "trend": 155.844133, "fair_value": 180.481636, "relative_strength": 1.080423, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.973718, "energy": 65.44801, "activity_lines": [ 186.885658, 178.160306, 162.053443, 157.321272 ] }, { "date": "2023-11-10", "close": 184.244238, "volume": 4440974, "typical_volume": 4284193.8, "trend": 156.366715, "fair_value": 178.838793, "relative_strength": 9.187487, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.954851, "energy": 50.777737, "activity_lines": [ 186.340822, 181.032715, 165.131321, 159.153536 ] }, { "date": "2023-11-17", "close": 154.623089, "volume": 6684400, "typical_volume": 4424812.45, "trend": 155.985587, "fair_value": 177.211249, "relative_strength": -10.12267, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.580565, "energy": 27.078866, "activity_lines": [ 175.264788, 177.559376, 165.248414, 159.041044 ] }, { "date": "2023-11-24", "close": 152.278225, "volume": 3140334, "typical_volume": 4447638.3, "trend": 155.309229, "fair_value": 175.860242, "relative_strength": -12.09312, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.784096, "energy": 21.705114, "activity_lines": [ 165.257737, 173.513664, 165.065503, 158.80186 ] }, { "date": "2023-12-01", "close": 138.381457, "volume": 4661392, "typical_volume": 4501946.25, "trend": 154.121031, "fair_value": 174.576737, "relative_strength": -20.487692, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.335415, "energy": 23.870335, "activity_lines": [ 153.427668, 166.858388, 163.517839, 157.709745 ] }, { "date": "2023-12-08", "close": 134.553812, "volume": 5004839, "typical_volume": 4571804.05, "trend": 152.618702, "fair_value": 173.338888, "relative_strength": -22.254445, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.533216, "energy": 35.889818, "activity_lines": [ 145.107999, 160.005617, 161.56004, 156.447344 ] }, { "date": "2023-12-15", "close": 113.484519, "volume": 6756608, "typical_volume": 4746170.9, "trend": 150.754363, "fair_value": 172.154958, "relative_strength": -35.15582, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -42.667355, "energy": 54.837034, "activity_lines": [ 131.99745, 149.84872, 157.542213, 153.922558 ] }, { "date": "2023-12-22", "close": 104.518827, "volume": 7488598, "typical_volume": 4915560.75, "trend": 148.593429, "fair_value": 171.021545, "relative_strength": -40.002804, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.724766, "energy": 68.484273, "activity_lines": [ 120.615652, 139.168924, 152.699821, 150.93962 ] }, { "date": "2023-12-29", "close": 105.778933, "volume": 4693454, "typical_volume": 4952617.45, "trend": 147.030734, "fair_value": 169.820618, "relative_strength": -38.64912, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.999133, "energy": 72.12337, "activity_lines": [ 112.994174, 130.133935, 148.069802, 148.177395 ] }, { "date": "2024-01-05", "close": 118.379998, "volume": 6068879, "typical_volume": 5018333.75, "trend": 146.202371, "fair_value": 169.019032, "relative_strength": -29.513074, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.901751, "energy": 67.504984, "activity_lines": [ 112.673004, 125.001646, 144.757681, 146.32896 ] }, { "date": "2024-01-12", "close": 118.590015, "volume": 7093055, "typical_volume": 5135737.7, "trend": 145.445451, "fair_value": 168.305183, "relative_strength": -30.208026, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.50824, "energy": 68.049357, "activity_lines": [ 113.755269, 121.576554, 141.589802, 144.547518 ] }, { "date": "2024-01-19", "close": 120.130145, "volume": 5252500, "typical_volume": 5228279.95, "trend": 144.286376, "fair_value": 167.687598, "relative_strength": -29.604569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.132101, "energy": 48.478206, "activity_lines": [ 116.415165, 119.330524, 138.700802, 142.914272 ] }, { "date": "2024-01-26", "close": 113.79461, "volume": 6198707, "typical_volume": 5387837.65, "trend": 143.462214, "fair_value": 166.835021, "relative_strength": -33.557384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.510926, "energy": 44.264109, "activity_lines": [ 116.520174, 117.098289, 135.262271, 140.947062 ] }, { "date": "2024-02-02", "close": 116.069802, "volume": 7756504, "typical_volume": 5597912.6, "trend": 142.544021, "fair_value": 166.329633, "relative_strength": -32.905326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.636126, "energy": 40.131397, "activity_lines": [ 116.765194, 116.022061, 132.1966, 139.179809 ] }, { "date": "2024-02-09", "close": 107.564084, "volume": 6811424, "typical_volume": 5747955.85, "trend": 141.835957, "fair_value": 165.865831, "relative_strength": -38.223697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.573769, "energy": 50.96903, "activity_lines": [ 113.488918, 114.057674, 128.471576, 136.923039 ] }, { "date": "2024-02-16", "close": 102.488656, "volume": 12136312, "typical_volume": 6119396.25, "trend": 141.141124, "fair_value": 165.342496, "relative_strength": -40.520849, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.833462, "energy": 74.272649, "activity_lines": [ 109.241892, 111.730798, 124.54047, 134.384504 ] }, { "date": "2024-02-23", "close": 105.218886, "volume": 6010335, "typical_volume": 6131668.2, "trend": 140.660428, "fair_value": 164.741634, "relative_strength": -39.381748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.879447, "energy": 72.732373, "activity_lines": [ 106.978368, 110.483331, 121.160011, 132.06694 ] }, { "date": "2024-03-01", "close": 96.50315, "volume": 7381049, "typical_volume": 6251934.15, "trend": 139.746697, "fair_value": 164.091381, "relative_strength": -44.460474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.62707, "energy": 81.723376, "activity_lines": [ 102.803682, 107.801468, 117.27883, 129.218083 ] }, { "date": "2024-03-08", "close": 95.348052, "volume": 8001781, "typical_volume": 6302572.9, "trend": 138.574428, "fair_value": 163.690735, "relative_strength": -44.142865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.986229, "energy": 80.784203, "activity_lines": [ 99.396728, 105.055327, 113.696587, 126.353654 ] }, { "date": "2024-03-15", "close": 101.683588, "volume": 7201519, "typical_volume": 6412212.0, "trend": 137.148192, "fair_value": 163.244311, "relative_strength": -39.392067, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.491918, "energy": 72.40094, "activity_lines": [ 99.483068, 103.650754, 111.189485, 123.9736 ] }, { "date": "2024-03-22", "close": 96.838147, "volume": 7006722, "typical_volume": 6489469.3, "trend": 135.497737, "fair_value": 162.693395, "relative_strength": -42.588736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.170601, "energy": 66.406652, "activity_lines": [ 98.346295, 101.668762, 108.737541, 121.372952 ] }, { "date": "2024-03-29", "close": 90.060541, "volume": 5643553, "typical_volume": 6549598.25, "trend": 134.118436, "fair_value": 162.160586, "relative_strength": -46.052897, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.036662, "energy": 62.2907, "activity_lines": [ 95.327021, 98.849968, 105.979153, 118.44152 ] }, { "date": "2024-04-05", "close": 97.938177, "volume": 8101968, "typical_volume": 6620476.65, "trend": 132.496668, "fair_value": 161.663156, "relative_strength": -39.910043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.890453, "energy": 53.572287, "activity_lines": [ 95.944181, 98.01019, 104.41951, 116.10731 ] }, { "date": "2024-04-12", "close": 106.560995, "volume": 11440370, "typical_volume": 7035478.45, "trend": 131.124704, "fair_value": 161.254477, "relative_strength": -32.802461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.26875, "energy": 41.067682, "activity_lines": [ 99.339946, 99.026497, 103.951017, 114.434041 ] }, { "date": "2024-04-19", "close": 116.141904, "volume": 13963280, "typical_volume": 7500572.85, "trend": 129.469579, "fair_value": 160.929891, "relative_strength": -23.615834, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.86578, "energy": 22.617373, "activity_lines": [ 105.181817, 101.957675, 104.612691, 113.467408 ] }, { "date": "2024-04-26", "close": 107.199722, "volume": 8574838, "typical_volume": 7679072.8, "trend": 127.592243, "fair_value": 160.538265, "relative_strength": -30.398601, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.511484, "energy": 22.226402, "activity_lines": [ 107.079074, 103.107041, 104.528632, 112.030644 ] }, { "date": "2024-05-03", "close": 101.451177, "volume": 7796066, "typical_volume": 7731045.7, "trend": 125.161215, "fair_value": 160.121668, "relative_strength": -33.55367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.451719, "energy": 22.334392, "activity_lines": [ 106.369377, 103.125561, 104.02735, 110.344123 ] }, { "date": "2024-05-10", "close": 98.080117, "volume": 6038994, "typical_volume": 7658565.5, "trend": 122.351148, "fair_value": 159.637027, "relative_strength": -35.888851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.365019, "energy": 20.097278, "activity_lines": [ 103.776617, 102.599665, 103.262317, 108.596955 ] }, { "date": "2024-05-17", "close": 92.970299, "volume": 8440984, "typical_volume": 7845942.0, "trend": 118.969598, "fair_value": 159.105592, "relative_strength": -39.283045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.093423, "energy": 39.166718, "activity_lines": [ 99.471123, 101.116039, 102.041294, 106.701417 ] }, { "date": "2024-05-24", "close": 96.873632, "volume": 6214324, "typical_volume": 7853214.25, "trend": 115.192863, "fair_value": 158.684489, "relative_strength": -35.767011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.709933, "energy": 39.881672, "activity_lines": [ 97.372786, 100.385341, 101.253011, 105.275871 ] }, { "date": "2024-05-31", "close": 96.589753, "volume": 6258185, "typical_volume": 7811470.75, "trend": 112.811285, "fair_value": 158.289644, "relative_strength": -34.918309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.098588, "energy": 46.070133, "activity_lines": [ 96.464373, 99.690484, 100.540103, 104.07567 ] }, { "date": "2024-06-07", "close": 102.941541, "volume": 7362685, "typical_volume": 7916980.0, "trend": 110.101195, "fair_value": 157.999228, "relative_strength": -30.814229, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.028068, "energy": 32.846431, "activity_lines": [ 98.380555, 100.155013, 100.536891, 103.438912 ] }, { "date": "2024-06-14", "close": 105.922268, "volume": 8430022, "typical_volume": 8028545.75, "trend": 108.477834, "fair_value": 157.601573, "relative_strength": -29.327782, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.242976, "energy": 10.102547, "activity_lines": [ 101.190955, 100.927292, 100.899408, 103.169304 ] }, { "date": "2024-06-21", "close": 103.935117, "volume": 5366190, "typical_volume": 7909030.05, "trend": 106.866397, "fair_value": 157.326165, "relative_strength": -30.265257, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.153981, "energy": 9.221512, "activity_lines": [ 102.816161, 101.193106, 101.110159, 102.876226 ] }, { "date": "2024-06-28", "close": 100.30528, "volume": 5910977, "typical_volume": 7864007.7, "trend": 105.597192, "fair_value": 156.996172, "relative_strength": -32.031751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.26843, "energy": 15.098908, "activity_lines": [ 102.500434, 100.846692, 101.032996, 102.452928 ] }, { "date": "2024-07-05", "close": 103.62593, "volume": 3562179, "typical_volume": 7435301.05, "trend": 104.566262, "fair_value": 156.656149, "relative_strength": -30.383724, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.139581, "energy": 9.738812, "activity_lines": [ 103.062813, 101.391972, 101.306652, 102.32575 ] }, { "date": "2024-07-12", "close": 86.192518, "volume": 8908354, "typical_volume": 7580202.0, "trend": 103.656529, "fair_value": 156.042391, "relative_strength": -42.080972, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -62.984769, "energy": 38.215909, "activity_lines": [ 97.344977, 98.832519, 99.914566, 101.140347 ] }, { "date": "2024-07-19", "close": 81.139356, "volume": 13840419, "typical_volume": 7903170.5, "trend": 102.877213, "fair_value": 155.479392, "relative_strength": -43.860866, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.162878, "energy": 65.079148, "activity_lines": [ 91.059355, 95.631739, 98.131829, 99.687626 ] }, { "date": "2024-07-26", "close": 72.982107, "volume": 11269534, "typical_volume": 8066558.15, "trend": 101.783986, "fair_value": 154.8911, "relative_strength": -48.589022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.505414, "energy": 80.289136, "activity_lines": [ 83.706844, 91.255837, 95.645372, 97.758909 ] }, { "date": "2024-08-02", "close": 89.368792, "volume": 13855897, "typical_volume": 8399277.05, "trend": 100.816945, "fair_value": 154.444567, "relative_strength": -35.139325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.836956, "energy": 72.006885, "activity_lines": [ 83.880095, 90.222754, 94.826056, 96.957929 ] }, { "date": "2024-08-09", "close": 92.039749, "volume": 10963925, "typical_volume": 8597137.2, "trend": 99.931936, "fair_value": 153.981678, "relative_strength": -32.5889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.386516, "energy": 61.338987, "activity_lines": [ 85.672764, 89.81175, 94.319759, 96.391658 ] }, { "date": "2024-08-16", "close": 83.990783, "volume": 7211392, "typical_volume": 8675529.15, "trend": 98.727291, "fair_value": 153.390523, "relative_strength": -40.021135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.942603, "energy": 41.027779, "activity_lines": [ 85.554857, 88.020026, 93.069743, 95.363197 ] }, { "date": "2024-08-23", "close": 75.003372, "volume": 5954385, "typical_volume": 8568150.0, "trend": 97.43425, "fair_value": 152.906977, "relative_strength": -46.351593, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.207619, "energy": 42.360076, "activity_lines": [ 82.587929, 84.938787, 90.992687, 93.832621 ] }, { "date": "2024-08-30", "close": 75.472595, "volume": 5214166, "typical_volume": 8256839.8, "trend": 96.08101, "fair_value": 152.446958, "relative_strength": -45.483534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.328059, "energy": 45.082206, "activity_lines": [ 80.186473, 82.505022, 89.069533, 92.41574 ] }, { "date": "2024-09-06", "close": 89.043946, "volume": 5601829, "typical_volume": 7838767.25, "trend": 95.463672, "fair_value": 151.991863, "relative_strength": -32.00558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.915853, "energy": 37.863007, "activity_lines": [ 82.142769, 83.056276, 88.586927, 91.961736 ] }, { "date": "2024-09-13", "close": 78.504492, "volume": 6238932, "typical_volume": 7721971.95, "trend": 94.6642, "fair_value": 151.481086, "relative_strength": -41.447677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.52549, "energy": 40.749531, "activity_lines": [ 80.60757, 81.896017, 87.229603, 90.867596 ] }, { "date": "2024-09-20", "close": 73.595706, "volume": 9472859, "typical_volume": 7805811.6, "trend": 93.610094, "fair_value": 150.96476, "relative_strength": -44.718799, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.167942, "energy": 41.479637, "activity_lines": [ 78.33846, 80.300006, 85.541418, 89.508338 ] }, { "date": "2024-09-27", "close": 74.140247, "volume": 5879304, "typical_volume": 7797827.1, "trend": 92.864663, "fair_value": 150.449765, "relative_strength": -43.425572, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.270726, "energy": 39.156415, "activity_lines": [ 76.943868, 79.032034, 84.03774, 88.252219 ] }, { "date": "2024-10-04", "close": 75.430604, "volume": 8321598, "typical_volume": 7791857.8, "trend": 92.200748, "fair_value": 149.937641, "relative_strength": -41.213079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.135823, "energy": 44.870555, "activity_lines": [ 76.036937, 78.12593, 82.770952, 87.127441 ] }, { "date": "2024-10-11", "close": 73.329165, "volume": 5722405, "typical_volume": 7767261.85, "trend": 91.255601, "fair_value": 149.459562, "relative_strength": -41.997976, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.408594, "energy": 50.882088, "activity_lines": [ 74.432326, 76.793227, 81.38755, 85.909919 ] }, { "date": "2024-10-18", "close": 69.236889, "volume": 6444179, "typical_volume": 7776561.55, "trend": 90.335559, "fair_value": 148.985487, "relative_strength": -43.978521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.472436, "energy": 56.491708, "activity_lines": [ 72.511274, 75.008104, 79.726524, 84.489357 ] }, { "date": "2024-10-25", "close": 75.799277, "volume": 6662750, "typical_volume": 7741564.8, "trend": 89.860184, "fair_value": 148.565358, "relative_strength": -35.816711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.063814, "energy": 42.452028, "activity_lines": [ 73.395526, 74.83074, 78.820738, 83.551533 ] }, { "date": "2024-11-01", "close": 75.651808, "volume": 5852704, "typical_volume": 7612698.9, "trend": 89.117305, "fair_value": 148.297627, "relative_strength": -33.416048, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.009642, "energy": 39.410576, "activity_lines": [ 74.083717, 74.7755, 78.030157, 82.634863 ] }, { "date": "2024-11-08", "close": 57.66054, "volume": 11382846, "typical_volume": 7913531.7, "trend": 87.48729, "fair_value": 147.894049, "relative_strength": -49.97088, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.45703, "energy": 63.638572, "activity_lines": [ 68.674047, 71.43733, 75.670267, 80.605395 ] }, { "date": "2024-11-15", "close": 64.960276, "volume": 22446696, "typical_volume": 8740317.65, "trend": 85.781235, "fair_value": 147.470311, "relative_strength": -41.047149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.792372, "energy": 56.476962, "activity_lines": [ 66.882294, 69.750241, 74.225945, 79.152039 ] }, { "date": "2024-11-22", "close": 57.033795, "volume": 17895326, "typical_volume": 9456975.0, "trend": 84.109038, "fair_value": 146.888855, "relative_strength": -47.790795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.655607, "energy": 75.593268, "activity_lines": [ 63.006306, 67.059858, 72.19503, 77.297365 ] }, { "date": "2024-11-29", "close": 54.784886, "volume": 11938432, "typical_volume": 9608478.9, "trend": 82.553495, "fair_value": 146.191473, "relative_strength": -49.29476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.370634, "energy": 82.187262, "activity_lines": [ 59.194222, 64.350959, 70.1718, 75.405485 ] }, { "date": "2024-12-06", "close": 56.996927, "volume": 12617286, "typical_volume": 9547322.25, "trend": 81.184055, "fair_value": 145.589262, "relative_strength": -46.5426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.328062, "energy": 79.312914, "activity_lines": [ 57.520444, 62.386264, 68.5088, 73.756674 ] }, { "date": "2024-12-13", "close": 61.42101, "volume": 8343857, "typical_volume": 9401038.4, "trend": 80.132412, "fair_value": 144.974375, "relative_strength": -41.130798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.485808, "energy": 74.663963, "activity_lines": [ 58.565019, 61.537645, 67.382106, 72.481639 ] }, { "date": "2024-12-20", "close": 69.789899, "volume": 20102017, "typical_volume": 9713344.4, "trend": 79.229621, "fair_value": 144.507085, "relative_strength": -31.051469, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.033412, "energy": 44.29531, "activity_lines": [ 62.148526, 62.465361, 67.107502, 71.81438 ] }, { "date": "2024-12-27", "close": 69.509765, "volume": 7437408, "typical_volume": 9537018.55, "trend": 78.326955, "fair_value": 144.044478, "relative_strength": -30.931451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.730745, "energy": 24.629836, "activity_lines": [ 65.316679, 63.406495, 66.899451, 71.187292 ] }, { "date": "2025-01-03", "close": 67.697452, "volume": 10988487, "typical_volume": 9725873.3, "trend": 77.152152, "fair_value": 143.493582, "relative_strength": -31.275973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.244057, "energy": 23.975648, "activity_lines": [ 67.048998, 64.013156, 66.626085, 70.501518 ] }, { "date": "2025-01-10", "close": 74.984462, "volume": 11818465, "typical_volume": 10019077.3, "trend": 76.120891, "fair_value": 142.96672, "relative_strength": -21.258266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.285912, "energy": 19.441798, "activity_lines": [ 70.349481, 66.092033, 67.124307, 70.361667 ] }, { "date": "2025-01-17", "close": 66.715782, "volume": 16396096, "typical_volume": 10578173.8, "trend": 74.880247, "fair_value": 142.1117, "relative_strength": -30.804711, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.201911, "energy": 18.448081, "activity_lines": [ 69.69457, 66.679648, 66.835125, 69.754886 ] }, { "date": "2025-01-24", "close": 63.959556, "volume": 10594209, "typical_volume": 10827792.8, "trend": 73.668723, "fair_value": 141.217198, "relative_strength": -33.760749, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.296359, "energy": 13.800295, "activity_lines": [ 67.767931, 66.60149, 66.325145, 69.050325 ] }, { "date": "2025-01-31", "close": 65.960652, "volume": 19795089, "typical_volume": 11505600.65, "trend": 72.413214, "fair_value": 140.412411, "relative_strength": -29.902118, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.598677, "energy": 13.113384, "activity_lines": [ 66.897014, 66.905362, 66.125195, 68.55303 ] }, { "date": "2025-02-07", "close": 66.262704, "volume": 25277698, "typical_volume": 12295842.6, "trend": 71.748886, "fair_value": 139.667874, "relative_strength": -28.516709, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.049105, "energy": 19.682695, "activity_lines": [ 66.363388, 67.101847, 66.013745, 68.156223 ] }, { "date": "2025-02-14", "close": 66.41373, "volume": 18913039, "typical_volume": 12947529.35, "trend": 71.258032, "fair_value": 138.903139, "relative_strength": -28.522272, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.128634, "energy": 19.666049, "activity_lines": [ 65.975754, 67.117103, 65.951597, 67.812019 ] }, { "date": "2025-02-21", "close": 74.078305, "volume": 14367145, "typical_volume": 13249806.7, "trend": 71.294572, "fair_value": 138.252977, "relative_strength": -18.083509, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.659837, "energy": 4.782526, "activity_lines": [ 68.714361, 68.354704, 66.656201, 67.993972 ] }, { "date": "2025-02-28", "close": 77.325366, "volume": 20484664, "typical_volume": 13987919.65, "trend": 70.893125, "fair_value": 137.567044, "relative_strength": -12.993015, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.268212, "energy": 34.640217, "activity_lines": [ 72.044487, 69.952546, 67.676489, 68.383056 ] }, { "date": "2025-03-07", "close": 87.293089, "volume": 26911847, "typical_volume": 15011303.05, "trend": 70.734903, "fair_value": 136.921897, "relative_strength": 1.823248, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.108131, "energy": 61.207971, "activity_lines": [ 77.806133, 73.225694, 69.627054, 69.441118 ] }, { "date": "2025-03-14", "close": 90.65342, "volume": 22503763, "typical_volume": 15803353.7, "trend": 70.956991, "fair_value": 136.484462, "relative_strength": 8.772369, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.902027, "energy": 71.957171, "activity_lines": [ 83.265726, 76.786478, 71.811669, 70.726184 ] }, { "date": "2025-03-21", "close": 88.80335, "volume": 20328970, "typical_volume": 16527167.0, "trend": 71.41699, "fair_value": 136.031497, "relative_strength": 6.435767, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.799161, "energy": 83.028901, "activity_lines": [ 86.482582, 79.593504, 73.749353, 71.877562 ] }, { "date": "2025-03-28", "close": 92.837293, "volume": 15103717, "typical_volume": 16713210.55, "trend": 71.995813, "fair_value": 135.630955, "relative_strength": 13.043825, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.605705, "energy": 85.360908, "activity_lines": [ 89.551445, 82.882721, 76.008595, 73.259517 ] }, { "date": "2025-04-04", "close": 121.775078, "volume": 20575507, "typical_volume": 16619651.1, "trend": 73.086851, "fair_value": 135.270559, "relative_strength": 62.017047, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.433396, "energy": 95.000467, "activity_lines": [ 101.015636, 90.958418, 80.856309, 76.471082 ] }, { "date": "2025-04-11", "close": 108.278404, "volume": 32743906, "typical_volume": 17362080.1, "trend": 74.079315, "fair_value": 134.845244, "relative_strength": 36.476725, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.037952, "energy": 78.62196, "activity_lines": [ 105.017622, 95.528983, 84.148078, 78.741505 ] }, { "date": "2025-04-18", "close": 104.580162, "volume": 9058423, "typical_volume": 17218079.65, "trend": 75.11213, "fair_value": 134.295145, "relative_strength": 34.376824, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.216591, "energy": 65.317356, "activity_lines": [ 106.38784, 98.657726, 86.843612, 80.709302 ] }, { "date": "2025-04-25", "close": 92.189148, "volume": 11027660, "typical_volume": 17138598.35, "trend": 75.71376, "fair_value": 133.528688, "relative_strength": 13.927175, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.430111, "energy": 52.407486, "activity_lines": [ 102.69927, 98.836877, 88.121929, 81.811045 ] }, { "date": "2025-05-02", "close": 83.648879, "volume": 13366102, "typical_volume": 17389710.6, "trend": 75.987702, "fair_value": 132.67444, "relative_strength": 1.139038, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.052965, "energy": 29.925722, "activity_lines": [ 95.938224, 96.994607, 88.419305, 82.322988 ] }, { "date": "2025-05-09", "close": 83.115113, "volume": 8598298, "typical_volume": 16814524.65, "trend": 76.313901, "fair_value": 131.739236, "relative_strength": 1.505457, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.689955, "energy": 22.201636, "activity_lines": [ 89.611817, 94.881279, 88.559999, 82.782821 ] }, { "date": "2025-05-16", "close": 72.401651, "volume": 9724224, "typical_volume": 16928865.45, "trend": 76.419393, "fair_value": 130.707062, "relative_strength": -15.394164, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.329995, "energy": 19.924999, "activity_lines": [ 82.291587, 90.71478, 87.61691, 82.530418 ] }, { "date": "2025-05-23", "close": 80.484405, "volume": 10558249, "typical_volume": 16907353.55, "trend": 76.575564, "fair_value": 129.997968, "relative_strength": -2.897703, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.292313, "energy": 23.973855, "activity_lines": [ 80.057392, 88.288626, 87.429836, 82.792677 ] }, { "date": "2025-05-30", "close": 77.396183, "volume": 9231064, "typical_volume": 16777983.5, "trend": 76.633709, "fair_value": 129.266054, "relative_strength": -7.57963, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.797159, "energy": 18.584602, "activity_lines": [ 78.400173, 85.485869, 86.887756, 82.84562 ] }, { "date": "2025-06-06", "close": 70.228458, "volume": 12759004, "typical_volume": 16596128.9, "trend": 77.05264, "fair_value": 128.327938, "relative_strength": -16.62322, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -23.560037, "energy": 26.842345, "activity_lines": [ 75.33991, 81.587292, 85.65155, 82.432378 ] }, { "date": "2025-06-13", "close": 73.202301, "volume": 14471850, "typical_volume": 16790010.95, "trend": 77.327374, "fair_value": 127.089455, "relative_strength": -11.876903, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.073419, "energy": 29.534795, "activity_lines": [ 74.165623, 78.640483, 84.681841, 82.183969 ] }, { "date": "2025-06-20", "close": 72.439777, "volume": 9577902, "typical_volume": 16279151.6, "trend": 77.840907, "fair_value": 126.132686, "relative_strength": -11.787189, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.178217, "energy": 30.480284, "activity_lines": [ 73.398016, 76.438176, 83.595497, 81.86864 ] }, { "date": "2025-06-27", "close": 66.076973, "volume": 11271442, "typical_volume": 15578838.8, "trend": 78.21731, "fair_value": 125.047011, "relative_strength": -21.368934, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.320011, "energy": 37.239683, "activity_lines": [ 70.506932, 73.730606, 81.87232, 81.109676 ] }, { "date": "2025-07-04", "close": 59.65015, "volume": 12515844, "typical_volume": 15258979.05, "trend": 78.305751, "fair_value": 124.029855, "relative_strength": -29.26742, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.10408, "energy": 53.898148, "activity_lines": [ 66.434069, 70.55458, 79.537948, 79.911795 ] }, { "date": "2025-07-11", "close": 60.804669, "volume": 15831797, "typical_volume": 15332211.65, "trend": 78.285206, "fair_value": 122.965889, "relative_strength": -27.093135, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.081736, "energy": 66.578568, "activity_lines": [ 63.929115, 68.180086, 77.345738, 78.782693 ] }, { "date": "2025-07-18", "close": 60.188926, "volume": 20261068, "typical_volume": 15321031.85, "trend": 77.965173, "fair_value": 122.061902, "relative_strength": -27.728456, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.625168, "energy": 78.232412, "activity_lines": [ 61.847165, 66.108987, 75.158093, 77.615191 ] }, { "date": "2025-07-25", "close": 58.495631, "volume": 14426864, "typical_volume": 14696782.7, "trend": 77.598036, "fair_value": 121.306236, "relative_strength": -30.36824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.231842, "energy": 83.749602, "activity_lines": [ 60.068343, 64.146857, 72.890785, 76.359092 ] }, { "date": "2025-08-01", "close": 66.500297, "volume": 20672619, "typical_volume": 14605225.5, "trend": 77.55813, "fair_value": 120.664731, "relative_strength": -18.131301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.347097, "energy": 73.512131, "activity_lines": [ 61.887352, 63.892957, 71.522956, 75.643109 ] }, { "date": "2025-08-08", "close": 61.805252, "volume": 19816487, "typical_volume": 14579601.35, "trend": 77.118823, "fair_value": 120.145825, "relative_strength": -24.897122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.923362, "energy": 56.799756, "activity_lines": [ 62.113124, 63.039669, 69.822995, 74.626794 ] }, { "date": "2025-08-15", "close": 56.071141, "volume": 23762585, "typical_volume": 15012544.75, "trend": 76.764002, "fair_value": 119.511115, "relative_strength": -31.855488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.373862, "energy": 59.140007, "activity_lines": [ 60.283853, 61.427286, 67.70549, 73.268879 ] }, { "date": "2025-08-22", "close": 50.452482, "volume": 26356955, "typical_volume": 15301617.15, "trend": 76.313766, "fair_value": 118.757452, "relative_strength": -38.33398, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.142164, "energy": 63.08971, "activity_lines": [ 56.897264, 59.050735, 65.227952, 71.571361 ] }, { "date": "2025-08-29", "close": 50.221578, "volume": 32533121, "typical_volume": 15291077.9, "trend": 75.78913, "fair_value": 117.839031, "relative_strength": -38.049281, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.299866, "energy": 82.664729, "activity_lines": [ 54.082803, 57.045835, 63.068055, 69.887994 ] }, { "date": "2025-09-05", "close": 48.759187, "volume": 28311659, "typical_volume": 16253739.7, "trend": 75.20568, "fair_value": 117.056156, "relative_strength": -39.205527, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.939834, "energy": 88.173772, "activity_lines": [ 51.332482, 55.179013, 61.045344, 68.144127 ] }, { "date": "2025-09-12", "close": 48.335864, "volume": 36910838, "typical_volume": 17547898.6, "trend": 74.603084, "fair_value": 116.118952, "relative_strength": -40.033793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.37773, "energy": 87.671174, "activity_lines": [ 49.623794, 53.550091, 59.24813, 66.410591 ] }, { "date": "2025-09-19", "close": 45.29563, "volume": 44211045, "typical_volume": 19090145.75, "trend": 73.643662, "fair_value": 114.895959, "relative_strength": -43.940306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.266517, "energy": 86.191905, "activity_lines": [ 47.799654, 51.574115, 57.370195, 64.519787 ] }, { "date": "2025-09-26", "close": 46.175504, "volume": 42515409, "typical_volume": 20786001.3, "trend": 72.605333, "fair_value": 113.658737, "relative_strength": -42.12643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.39877, "energy": 79.624073, "activity_lines": [ 46.987172, 50.040097, 55.758692, 62.747648 ] }, { "date": "2025-10-03", "close": 43.79653, "volume": 42350613, "typical_volume": 22417320.75, "trend": 71.155448, "fair_value": 112.523973, "relative_strength": -45.120769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.557662, "energy": 71.881408, "activity_lines": [ 45.666831, 48.328329, 54.096523, 60.889015 ] }, { "date": "2025-10-10", "close": 48.242482, "volume": 66590684, "typical_volume": 25218942.5, "trend": 69.74175, "fair_value": 111.382936, "relative_strength": -37.505063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.906619, "energy": 62.719339, "activity_lines": [ 46.256811, 47.692172, 52.993993, 59.410759 ] }, { "date": "2025-10-17", "close": 44.654521, "volume": 73683379, "typical_volume": 28441558.25, "trend": 68.270122, "fair_value": 110.375482, "relative_strength": -42.651703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.92325, "energy": 60.189169, "activity_lines": [ 45.685251, 46.735618, 51.703286, 57.792229 ] }, { "date": "2025-10-24", "close": 41.378556, "volume": 80939276, "typical_volume": 31850571.85, "trend": 66.554831, "fair_value": 109.563222, "relative_strength": -47.250045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.624428, "energy": 61.96292, "activity_lines": [ 44.267125, 45.495266, 50.256494, 56.057289 ] }, { "date": "2025-10-31", "close": 43.094537, "volume": 73901271, "typical_volume": 34822042.9, "trend": 63.932146, "fair_value": 108.686801, "relative_strength": -44.800103, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.95555, "energy": 58.356833, "activity_lines": [ 43.682131, 44.834049, 49.11051, 54.543721 ] }, { "date": "2025-11-07", "close": 45.473512, "volume": 62849423, "typical_volume": 37485618.95, "trend": 61.83865, "fair_value": 107.996899, "relative_strength": -40.492345, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.407274, "energy": 54.086071, "activity_lines": [ 44.095527, 44.739153, 48.334465, 53.352842 ] }, { "date": "2025-11-14", "close": 47.813487, "volume": 62314243, "typical_volume": 40037759.0, "trend": 59.946427, "fair_value": 107.272755, "relative_strength": -37.083111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.379233, "energy": 43.162455, "activity_lines": [ 45.177115, 45.156036, 47.909685, 52.447993 ] }, { "date": "2025-11-21", "close": 48.661728, "volume": 35963790, "typical_volume": 41210156.3, "trend": 58.495513, "fair_value": 106.581262, "relative_strength": -34.45615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.820156, "energy": 31.626247, "activity_lines": [ 46.57005, 45.744338, 47.65266, 51.719947 ] }, { "date": "2025-11-28", "close": 41.271307, "volume": 5410948, "typical_volume": 40689113.85, "trend": 57.082928, "fair_value": 105.887317, "relative_strength": -46.101021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.183119, "energy": 35.378848, "activity_lines": [ 45.232365, 44.983004, 46.74411, 50.608708 ] }, { "date": "2025-12-05", "close": 40.198818, "volume": 8642430, "typical_volume": 40108181.95, "trend": 55.652385, "fair_value": 105.030993, "relative_strength": -47.34987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.506357, "energy": 43.427532, "activity_lines": [ 43.544333, 44.09984, 45.826435, 49.519411 ] }, { "date": "2025-12-12", "close": 38.707084, "volume": 10005361, "typical_volume": 39887106.8, "trend": 54.529232, "fair_value": 104.101827, "relative_strength": -48.602105, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.912096, "energy": 50.659015, "activity_lines": [ 41.552104, 43.05412, 44.861881, 48.426166 ] }, { "date": "2025-12-19", "close": 39.779573, "volume": 7166652, "typical_volume": 39211808.45, "trend": 53.172405, "fair_value": 103.182164, "relative_strength": -46.677157, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.025562, "energy": 59.940851, "activity_lines": [ 40.368466, 42.295932, 44.0937, 47.474575 ] }, { "date": "2025-12-26", "close": 39.537629, "volume": 2806970, "typical_volume": 38361332.6, "trend": 51.910453, "fair_value": 102.264195, "relative_strength": -47.183279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.210375, "energy": 64.931427, "activity_lines": [ 39.639775, 41.647626, 43.429718, 46.594912 ] }, { "date": "2026-01-02", "close": 40.878056, "volume": 3747108, "typical_volume": 37360558.75, "trend": 50.932106, "fair_value": 101.419068, "relative_strength": -44.269805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.958076, "energy": 51.65512, "activity_lines": [ 39.966167, 41.336069, 42.999432, 45.883144 ] }, { "date": "2026-01-09", "close": 35.685143, "volume": 6630109, "typical_volume": 36374216.45, "trend": 49.681534, "fair_value": 100.700519, "relative_strength": -51.42376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.372312, "energy": 53.201724, "activity_lines": [ 38.587804, 40.089445, 42.146931, 44.899469 ] }, { "date": "2026-01-16", "close": 33.580176, "volume": 7179433, "typical_volume": 35106532.05, "trend": 48.386214, "fair_value": 99.938191, "relative_strength": -53.58678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.718242, "energy": 67.002625, "activity_lines": [ 36.808697, 38.594816, 41.164278, 43.860672 ] }, { "date": "2026-01-23", "close": 33.798616, "volume": 6662072, "typical_volume": 34024052.7, "trend": 47.310269, "fair_value": 99.244109, "relative_strength": -52.620219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.055295, "energy": 70.64924, "activity_lines": [ 35.444197, 37.356146, 40.281673, 42.919537 ] }, { "date": "2026-01-30", "close": 35.913512, "volume": 5965752, "typical_volume": 32476798.4, "trend": 46.519048, "fair_value": 98.66807, "relative_strength": -49.29919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.469468, "energy": 69.743942, "activity_lines": [ 35.183393, 36.756819, 39.671728, 42.184262 ] }, { "date": "2026-02-06", "close": 33.500743, "volume": 16133158, "typical_volume": 31072904.05, "trend": 45.608917, "fair_value": 97.989817, "relative_strength": -52.044676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.91318, "energy": 69.272918, "activity_lines": [ 34.35994, 35.950592, 38.891149, 41.344371 ] }, { "date": "2026-02-13", "close": 34.285141, "volume": 10180079, "typical_volume": 29456137.55, "trend": 44.745457, "fair_value": 97.355098, "relative_strength": -49.710467, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.528567, "energy": 53.279107, "activity_lines": [ 34.289775, 35.428266, 38.241441, 40.613805 ] }, { "date": "2026-02-20", "close": 33.699325, "volume": 7368247, "typical_volume": 27707019.25, "trend": 43.918914, "fair_value": 96.639828, "relative_strength": -50.394987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.186418, "energy": 51.553934, "activity_lines": [ 34.117671, 34.906949, 37.592561, 39.901152 ] }, { "date": "2026-02-27", "close": 34.861029, "volume": 5180162, "typical_volume": 24636493.15, "trend": 42.864271, "fair_value": 95.987385, "relative_strength": -47.600927, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.864949, "energy": 48.887082, "activity_lines": [ 34.324858, 34.687901, 37.102403, 39.316772 ] }, { "date": "2026-03-06", "close": 39.209969, "volume": 10367555, "typical_volume": 21470701.95, "trend": 42.111095, "fair_value": 95.122912, "relative_strength": -38.716346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.500296, "energy": 29.565786, "activity_lines": [ 35.910864, 35.348998, 37.09015, 39.08101 ] }, { "date": "2026-03-13", "close": 41.295078, "volume": 8901402, "typical_volume": 17868808.25, "trend": 41.61856, "fair_value": 94.185274, "relative_strength": -33.114149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.645836, "energy": 16.205877, "activity_lines": [ 37.972143, 36.395163, 37.302405, 39.028364 ] }, { "date": "2026-03-20", "close": 43.161746, "volume": 8409868, "typical_volume": 14594238.1, "trend": 41.375535, "fair_value": 93.288124, "relative_strength": -27.424803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 8.606084, "energy": 22.095566, "activity_lines": [ 40.136022, 37.77314, 37.692836, 39.127925 ] }, { "date": "2026-03-27", "close": 42.48, "volume": 8431408, "typical_volume": 11873337.35, "trend": 41.117483, "fair_value": 92.51488, "relative_strength": -25.342989, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 24.211197, "energy": 33.078974, "activity_lines": [ 41.480879, 38.891225, 38.018018, 39.19918 ] }, { "date": "2026-04-03", "close": 38.22, "volume": 7619888, "typical_volume": 9138619.6, "trend": 40.766177, "fair_value": 91.629535, "relative_strength": -32.367877, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 17.425805, "energy": 25.411452, "activity_lines": [ 40.820358, 39.072949, 37.951741, 39.012246 ] }, { "date": "2026-04-10", "close": 33.89, "volume": 10170776, "typical_volume": 7848968.9, "trend": 40.284648, "fair_value": 90.766222, "relative_strength": -40.038196, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -27.566448, "energy": 15.371546, "activity_lines": [ 38.492571, 38.387012, 37.518767, 38.568622 ] }, { "date": "2026-04-17", "close": 28.74, "volume": 9282754, "typical_volume": 8042559.2, "trend": 39.732793, "fair_value": 89.885986, "relative_strength": -49.472422, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -59.892185, "energy": 39.875465, "activity_lines": [ 34.802783, 36.801502, 36.665657, 37.823806 ] }, { "date": "2026-04-24", "close": 28.138277, "volume": 12786500, "typical_volume": 8249762.7, "trend": 39.131552, "fair_value": 88.960148, "relative_strength": -49.209172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.189227, "energy": 68.166741, "activity_lines": [ 31.749426, 35.193147, 35.814914, 37.075772 ] }, { "date": "2026-05-01", "close": 27.318688, "volume": 9694850, "typical_volume": 8234237.15, "trend": 38.582291, "fair_value": 88.019708, "relative_strength": -49.76102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.768591, "energy": 80.060352, "activity_lines": [ 29.424437, 33.547537, 34.943546, 36.313652 ] }, { "date": "2026-05-08", "close": 25.857479, "volume": 14276793, "typical_volume": 8589744.2, "trend": 37.836124, "fair_value": 87.034027, "relative_strength": -52.153095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.337267, "energy": 84.602525, "activity_lines": [ 27.623132, 31.752265, 33.987245, 35.492696 ] }, { "date": "2026-05-15", "close": 27.693863, "volume": 13844873, "typical_volume": 9141639.35, "trend": 37.270769, "fair_value": 86.12556, "relative_strength": -47.684597, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.934515, "energy": 79.72339, "activity_lines": [ 27.258123, 30.454581, 33.272134, 34.838357 ] }, { "date": "2026-05-22", "close": 25.492177, "volume": 17197654, "typical_volume": 9814166.65, "trend": 36.741223, "fair_value": 85.203415, "relative_strength": -50.857712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.042183, "energy": 75.945308, "activity_lines": [ 26.572295, 28.965974, 32.403737, 34.078448 ] }, { "date": "2026-05-29", "close": 24.119825, "volume": 10513417, "typical_volume": 10008332.05, "trend": 36.108733, "fair_value": 84.379441, "relative_strength": -52.854083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.364693, "energy": 69.404853, "activity_lines": [ 25.645538, 27.515175, 31.477907, 33.264164 ] }, { "date": "2026-06-05", "close": 26.222781, "volume": 12056210, "typical_volume": 10252170.9, "trend": 35.467042, "fair_value": 83.629389, "relative_strength": -46.157106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.027547, "energy": 54.431223, "activity_lines": [ 25.687663, 26.792948, 30.80743, 32.626361 ] }, { "date": "2026-06-12", "close": 23.231252, "volume": 32380908, "typical_volume": 11538112.7, "trend": 34.647634, "fair_value": 82.872553, "relative_strength": -51.253598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.317546, "energy": 58.902379, "activity_lines": [ 24.805672, 25.822392, 29.887082, 31.836955 ] }, { "date": "2026-06-19", "close": 22.431536, "volume": 12227809, "typical_volume": 11851215.55, "trend": 33.773294, "fair_value": 82.023381, "relative_strength": -52.030258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.274431, "energy": 68.582187, "activity_lines": [ 23.832191, 24.978956, 28.94089, 31.04882 ] }, { "date": "2026-06-26", "close": 21.93, "volume": 15181946, "typical_volume": 11803654.95, "trend": 33.128584, "fair_value": 81.276012, "relative_strength": -50.773237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.50166, "energy": 72.495121, "activity_lines": [ 23.042352, 24.252667, 28.011134, 30.284736 ] }, { "date": "2026-07-03", "close": 22.05, "volume": 9742763, "typical_volume": 11781789.15, "trend": 32.523623, "fair_value": 80.496746, "relative_strength": -50.512373, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.810306, "energy": 80.717615, "activity_lines": [ 22.529993, 23.672015, 27.147904, 29.569989 ] }, { "date": "2026-07-10", "close": 22.43, "volume": 8013562, "typical_volume": 11814054.9, "trend": 31.981054, "fair_value": 79.814848, "relative_strength": -49.213342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.788364, "energy": 79.140436, "activity_lines": [ 22.282288, 23.271149, 26.379128, 28.918787 ] }, { "date": "2026-07-17", "close": 22.87, "volume": 8215302, "typical_volume": 11965811.9, "trend": 31.417401, "fair_value": 79.170851, "relative_strength": -46.234776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.388758, "energy": 76.020702, "activity_lines": [ 22.434102, 23.039169, 25.70592, 28.330977 ] }, { "date": "2026-07-24", "close": 23.56, "volume": 6732330, "typical_volume": 11784050.65, "trend": 30.884814, "fair_value": 78.554955, "relative_strength": -43.120937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.220539, "energy": 55.117429, "activity_lines": [ 22.84, 22.986961, 25.155526, 27.824048 ] }, { "date": "2026-07-31", "close": 23.57, "volume": 10273670, "typical_volume": 11852664.05, "trend": 30.307879, "fair_value": 77.911717, "relative_strength": -42.194892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.601922, "energy": 45.34505, "activity_lines": [ 23.174, 23.011732, 24.680609, 27.352125 ] }, { "date": "2026-08-07", "close": 21.2, "volume": 7780095, "typical_volume": 11821175.4, "trend": 29.82504, "fair_value": 77.210973, "relative_strength": -48.488676, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.69913, "energy": 53.02155, "activity_lines": [ 22.608667, 22.640544, 24.064382, 26.76452 ] } ], "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." } } }