{ "ticker": { "uuid": "6f566ecb-9075-4777-9933-079f242f17f8", "symbol": "2758", "name": "Louisa Professional Coffee Ltd.", "exchange": "TWO", "country": "TW", "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": "2026-08-14", "benchmark": "^TWII", "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": -41.984, "architecture_energy": 31.666, "architecture_maturity": 100.0, "architecture_confidence": 57.041, "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": 44.12, "rotation_up": 26.14, "upward_expansion": 15.15, "deceleration": 64.73, "rotation_down": 36.66, "downward_expansion": 62.81 }, "activity_lines": [ 70.700001, 70.863343, 70.666402, 73.778094 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 70.5, "trend_reference": 78.172467, "distance_from_trend": -0.098148, "trend_direction": "Weakening", "fair_value": 104.565145, "distance_from_fair_value": -0.325779, "fair_value_direction": "Improving", "relative_strength": -42.310766, "relative_strength_direction": "Improving", "price_momentum": -0.206063, "excess_performance": -0.647435, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.098148, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.074944, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.325779, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.07597, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.423108, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.097066, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.206063, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 4.486261, "read": "Demand-led" } ], "volume": { "latest": 15720, "relative_activity": 0.314993, "balance": 4.486261, "dry_up": 0.310284, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.051821, "annualized_volatility": 0.236127, "from_high_reference": -0.324032, "from_low_reference": 0.128292 }, "levels": { "trend_reference": 78.172467, "fair_value_reference": 104.565145, "structural_low": 62.483816, "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": 26, "median_return": -0.014616, "positive_rate": 0.307692, "directional_follow_through": 0.692308, "median_excess_return": -0.044881, "regime_survival": 0.923077, "best_return": 0.209081, "worst_return": -0.23356, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.054366, "positive_rate": 0.111111, "directional_follow_through": 0.777778, "median_excess_return": -0.180081, "regime_survival": 0.777778, "best_return": 0.098205, "worst_return": -0.204665, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.129124, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.339736, "regime_survival": 0.75, "best_return": -0.032905, "worst_return": -0.165276, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.19578, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.523941, "regime_survival": 1.0, "best_return": -0.137199, "worst_return": -0.254362, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-04-07", "end": "2023-07-28", "tenure": "Established", "return": 0.20029, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-08-04", "end": "2023-10-20", "tenure": "Developing", "return": -0.052308, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-10-27", "end": "2023-11-24", "tenure": "Developing", "return": 0.026144, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-01", "end": "2024-01-26", "tenure": "Developing", "return": -0.022436, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-02", "end": "2024-05-10", "tenure": "Established", "return": -0.047612, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-17", "end": "2024-05-17", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-24", "end": "2025-02-28", "tenure": "Extended", "return": -0.192198, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-07", "end": "2025-04-25", "tenure": "Developing", "return": -0.100437, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-02", "end": "2025-07-18", "tenure": "Developing", "return": -0.019608, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-10-17", "tenure": "Established", "return": -0.024169, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-08-14", "tenure": "Extended", "return": -0.234619, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 143.280685, "volume": 91880, "typical_volume": 163828.2, "trend": 134.245481, "fair_value": 116.289466, "relative_strength": 10.215089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.105805, "energy": 20.817368, "activity_lines": [ 146.674972, 149.321638, 148.777448, 143.229216 ] }, { "date": "2023-08-18", "close": 136.972748, "volume": 113043, "typical_volume": 149682.75, "trend": 135.413823, "fair_value": 116.498388, "relative_strength": 6.319539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.728946, "energy": 20.246867, "activity_lines": [ 142.950279, 146.837888, 147.968572, 143.405169 ] }, { "date": "2023-08-25", "close": 136.972748, "volume": 52127, "typical_volume": 148904.25, "trend": 136.508308, "fair_value": 116.703131, "relative_strength": 5.179146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.925522, "energy": 25.594729, "activity_lines": [ 140.186796, 144.619257, 147.113071, 143.505745 ] }, { "date": "2023-09-01", "close": 144.181839, "volume": 56816, "typical_volume": 137876.55, "trend": 137.665839, "fair_value": 116.975198, "relative_strength": 9.230375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.195493, "energy": 21.289585, "activity_lines": [ 140.847631, 143.944262, 146.876423, 144.000811 ] }, { "date": "2023-09-08", "close": 142.830124, "volume": 35954, "typical_volume": 129068.4, "trend": 138.645371, "fair_value": 117.228677, "relative_strength": 8.337495, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.849431, "energy": 18.635758, "activity_lines": [ 141.26816, 143.14143, 146.455409, 144.333991 ] }, { "date": "2023-09-15", "close": 141.027832, "volume": 26970, "typical_volume": 116527.9, "trend": 139.59437, "fair_value": 117.459737, "relative_strength": 4.572762, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.475918, "energy": 13.129829, "activity_lines": [ 141.328228, 142.363172, 145.834656, 144.487698 ] }, { "date": "2023-09-22", "close": 139.225586, "volume": 41620, "typical_volume": 113020.65, "trend": 140.409436, "fair_value": 117.669024, "relative_strength": 6.596265, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.096258, "energy": 9.060652, "activity_lines": [ 140.937737, 141.445652, 145.056513, 144.463905 ] }, { "date": "2023-09-29", "close": 144.181839, "volume": 49522, "typical_volume": 91708.65, "trend": 141.301082, "fair_value": 117.921527, "relative_strength": 9.922518, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.627764, "energy": 11.973266, "activity_lines": [ 142.049141, 141.650458, 144.766898, 144.707286 ] }, { "date": "2023-10-06", "close": 141.928986, "volume": 24891, "typical_volume": 82947.6, "trend": 142.206262, "fair_value": 118.148012, "relative_strength": 6.907024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.540964, "energy": 11.773748, "activity_lines": [ 141.928989, 141.593111, 144.306273, 144.747796 ] }, { "date": "2023-10-13", "close": 141.478424, "volume": 36844, "typical_volume": 81941.25, "trend": 143.111195, "fair_value": 118.366054, "relative_strength": 4.671755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.799562, "energy": 11.940836, "activity_lines": [ 141.808839, 141.552151, 143.81481, 144.700839 ] }, { "date": "2023-10-20", "close": 138.775024, "volume": 35848, "typical_volume": 79013.9, "trend": 143.896471, "fair_value": 118.555026, "relative_strength": 4.662556, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.749061, "energy": 21.727616, "activity_lines": [ 140.877669, 141.109777, 143.092759, 144.421086 ] }, { "date": "2023-10-27", "close": 137.873886, "volume": 23920, "typical_volume": 77561.85, "trend": 144.252883, "fair_value": 118.732263, "relative_strength": 5.753515, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.494895, "energy": 47.039796, "activity_lines": [ 139.796307, 140.585481, 142.347848, 144.032532 ] }, { "date": "2023-11-03", "close": 140.126724, "volume": 37229, "typical_volume": 76539.85, "trend": 144.832102, "fair_value": 118.926758, "relative_strength": 4.767789, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.282107, "energy": 43.253906, "activity_lines": [ 139.556005, 140.454407, 141.882639, 143.766328 ] }, { "date": "2023-11-10", "close": 141.478424, "volume": 67079, "typical_volume": 78628.35, "trend": 145.131408, "fair_value": 119.129926, "relative_strength": 4.388034, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.706709, "energy": 35.409139, "activity_lines": [ 140.03661, 140.511753, 141.592139, 143.549962 ] }, { "date": "2023-11-17", "close": 142.830124, "volume": 13798, "typical_volume": 59018.35, "trend": 145.328057, "fair_value": 119.341535, "relative_strength": 1.816702, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.266518, "energy": 22.11887, "activity_lines": [ 140.997819, 140.864014, 141.474133, 143.401492 ] }, { "date": "2023-11-24", "close": 141.478424, "volume": 22472, "typical_volume": 53366.35, "trend": 145.243308, "fair_value": 119.537437, "relative_strength": 0.035741, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.441102, "energy": 15.893897, "activity_lines": [ 141.418348, 140.970512, 141.319653, 143.153128 ] }, { "date": "2023-12-01", "close": 140.577286, "volume": 32659, "typical_volume": 48084.65, "trend": 145.172834, "fair_value": 119.721997, "relative_strength": -1.765304, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.337738, "energy": 16.808927, "activity_lines": [ 141.358271, 140.904974, 141.126552, 142.852095 ] }, { "date": "2023-12-08", "close": 139.676147, "volume": 31824, "typical_volume": 46766.15, "trend": 144.71781, "fair_value": 119.895511, "relative_strength": -2.356934, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.592836, "energy": 19.012379, "activity_lines": [ 140.817588, 140.651017, 140.899122, 142.49747 ] }, { "date": "2023-12-15", "close": 140.126724, "volume": 77256, "typical_volume": 47617.15, "trend": 144.573232, "fair_value": 120.069918, "relative_strength": -3.838929, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.635524, "energy": 24.477169, "activity_lines": [ 140.457136, 140.560904, 140.77468, 142.201271 ] }, { "date": "2023-12-22", "close": 141.027832, "volume": 71837, "typical_volume": 47179.45, "trend": 144.370063, "fair_value": 120.249046, "relative_strength": -2.966654, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.383071, "energy": 23.543977, "activity_lines": [ 140.487166, 140.667397, 140.770386, 141.972535 ] }, { "date": "2023-12-29", "close": 140.577286, "volume": 69293, "typical_volume": 46050.1, "trend": 143.989391, "fair_value": 120.421319, "relative_strength": -5.226552, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.834639, "energy": 22.724768, "activity_lines": [ 140.487167, 140.700166, 140.748931, 141.72784 ] }, { "date": "2024-01-05", "close": 139.676147, "volume": 43712, "typical_volume": 42583.55, "trend": 143.593452, "fair_value": 120.583124, "relative_strength": -3.806092, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.000377, "energy": 23.121765, "activity_lines": [ 140.246865, 140.536322, 140.654526, 141.449566 ] }, { "date": "2024-01-12", "close": 138.324463, "volume": 47227, "typical_volume": 42338.55, "trend": 143.211543, "fair_value": 120.730969, "relative_strength": -4.90122, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.913305, "energy": 27.32254, "activity_lines": [ 139.616077, 140.09395, 140.418515, 141.109631 ] }, { "date": "2024-01-19", "close": 138.775024, "volume": 20131, "typical_volume": 40504.3, "trend": 142.815109, "fair_value": 120.880093, "relative_strength": -5.714145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.949868, "energy": 32.104701, "activity_lines": [ 139.225588, 139.766266, 140.218979, 140.823404 ] }, { "date": "2024-01-26", "close": 137.423309, "volume": 40154, "typical_volume": 40714.3, "trend": 141.989067, "fair_value": 121.015693, "relative_strength": -8.399474, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.62062, "energy": 44.479519, "activity_lines": [ 138.474641, 139.241968, 139.916455, 140.475546 ] }, { "date": "2024-02-02", "close": 136.071609, "volume": 47783, "typical_volume": 41754.95, "trend": 141.478424, "fair_value": 121.138099, "relative_strength": -9.734511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.500273, "energy": 56.053586, "activity_lines": [ 137.513428, 138.570213, 139.510944, 140.093775 ] }, { "date": "2024-02-09", "close": 135.170471, "volume": 16782, "typical_volume": 40513.05, "trend": 140.937742, "fair_value": 121.251263, "relative_strength": -10.550804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.274159, "energy": 64.7106, "activity_lines": [ 136.552215, 137.83292, 139.043211, 139.68681 ] }, { "date": "2024-02-16", "close": 136.972748, "volume": 58495, "typical_volume": 40961.7, "trend": 140.427099, "fair_value": 121.377035, "relative_strength": -11.866518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.618562, "energy": 56.8249, "activity_lines": [ 136.49214, 137.521619, 138.766434, 139.431004 ] }, { "date": "2024-02-23", "close": 136.071609, "volume": 89176, "typical_volume": 44175.95, "trend": 140.051624, "fair_value": 121.493659, "relative_strength": -13.713582, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.575513, "energy": 54.047948, "activity_lines": [ 136.221798, 137.095628, 138.438163, 139.150005 ] }, { "date": "2024-03-01", "close": 138.324463, "volume": 100221, "typical_volume": 47344.8, "trend": 139.781284, "fair_value": 121.626185, "relative_strength": -12.45738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.297152, "energy": 32.929929, "activity_lines": [ 136.882636, 137.152976, 138.352342, 139.038575 ] }, { "date": "2024-03-08", "close": 138.324463, "volume": 192083, "typical_volume": 55156.55, "trend": 139.616077, "fair_value": 121.75664, "relative_strength": -16.138116, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.354937, "energy": 18.933517, "activity_lines": [ 137.483397, 137.259476, 138.28154, 138.944586 ] }, { "date": "2024-03-15", "close": 135.567139, "volume": 159463, "typical_volume": 61933.7, "trend": 139.569223, "fair_value": 121.863698, "relative_strength": -17.282953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.2083, "energy": 22.378108, "activity_lines": [ 137.01486, 136.905604, 137.950281, 138.683365 ] }, { "date": "2024-03-22", "close": 131.431198, "volume": 66374, "typical_volume": 63390.95, "trend": 139.384505, "fair_value": 121.937294, "relative_strength": -21.836804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.588794, "energy": 37.139876, "activity_lines": [ 135.141231, 135.874453, 137.236107, 138.158331 ] }, { "date": "2024-03-29", "close": 124.997513, "volume": 113275, "typical_volume": 65700.75, "trend": 138.745028, "fair_value": 121.960655, "relative_strength": -25.585317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.780248, "energy": 72.706228, "activity_lines": [ 131.492478, 133.798873, 135.950609, 137.230138 ] }, { "date": "2024-04-05", "close": 120.861557, "volume": 75478, "typical_volume": 68784.75, "trend": 138.012742, "fair_value": 121.952328, "relative_strength": -27.897293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.778132, "energy": 88.224479, "activity_lines": [ 127.203345, 131.221801, 134.349691, 136.076365 ] }, { "date": "2024-04-12", "close": 130.5121, "volume": 101950, "typical_volume": 72758.65, "trend": 137.662218, "fair_value": 122.016688, "relative_strength": -23.275721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.494645, "energy": 75.736537, "activity_lines": [ 127.295253, 130.700496, 133.772484, 135.592453 ] }, { "date": "2024-04-19", "close": 125.457054, "volume": 68553, "typical_volume": 74553.35, "trend": 137.203267, "fair_value": 122.042362, "relative_strength": -21.245339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.475379, "energy": 74.90838, "activity_lines": [ 126.222971, 129.361174, 132.766065, 134.805023 ] }, { "date": "2024-04-26", "close": 123.159302, "volume": 81831, "typical_volume": 77053.7, "trend": 136.502515, "fair_value": 122.050636, "relative_strength": -24.411275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.014155, "energy": 65.962375, "activity_lines": [ 125.058777, 127.780686, 131.612813, 133.898961 ] }, { "date": "2024-05-03", "close": 128.673874, "volume": 65181, "typical_volume": 76449.95, "trend": 136.060678, "fair_value": 122.099336, "relative_strength": -21.31808, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.729386, "energy": 41.056257, "activity_lines": [ 126.284233, 127.454002, 131.063411, 133.393887 ] }, { "date": "2024-05-10", "close": 129.593002, "volume": 20555, "typical_volume": 73885.85, "trend": 135.664498, "fair_value": 122.154034, "relative_strength": -21.522934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.106314, "energy": 32.552637, "activity_lines": [ 127.570975, 127.428935, 130.656082, 132.976618 ] }, { "date": "2024-05-17", "close": 126.376167, "volume": 57096, "typical_volume": 73276.0, "trend": 135.251202, "fair_value": 122.184629, "relative_strength": -24.908716, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -46.103027, "energy": 30.762987, "activity_lines": [ 127.203342, 126.977744, 129.996839, 132.377371 ] }, { "date": "2024-05-24", "close": 115.34697, "volume": 414430, "typical_volume": 91811.9, "trend": 134.500305, "fair_value": 122.135437, "relative_strength": -31.847204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.219429, "energy": 46.9174, "activity_lines": [ 123.435038, 124.738486, 128.354821, 131.093227 ] }, { "date": "2024-05-31", "close": 119.023354, "volume": 84621, "typical_volume": 93681.6, "trend": 133.796859, "fair_value": 122.113208, "relative_strength": -27.760578, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.219237, "energy": 50.764038, "activity_lines": [ 121.566202, 123.5353, 127.178787, 130.094714 ] }, { "date": "2024-06-07", "close": 117.185158, "volume": 74229, "typical_volume": 96386.5, "trend": 132.987084, "fair_value": 122.078258, "relative_strength": -30.481505, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.455833, "energy": 71.650567, "activity_lines": [ 119.360363, 122.223495, 125.919598, 129.022991 ] }, { "date": "2024-06-14", "close": 115.829018, "volume": 135187, "typical_volume": 101138.15, "trend": 132.087047, "fair_value": 122.034249, "relative_strength": -32.669053, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.673598, "energy": 77.346212, "activity_lines": [ 117.468393, 120.807161, 124.634061, 127.916019 ] }, { "date": "2024-06-21", "close": 114.433487, "volume": 106777, "typical_volume": 104087.85, "trend": 131.185549, "fair_value": 121.981097, "relative_strength": -34.99439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.692708, "energy": 76.104921, "activity_lines": [ 116.028844, 119.228595, 123.318447, 126.77708 ] }, { "date": "2024-06-28", "close": 112.572777, "volume": 86471, "typical_volume": 107572.3, "trend": 130.252065, "fair_value": 121.915761, "relative_strength": -34.657007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.955508, "energy": 79.190654, "activity_lines": [ 114.765237, 117.604056, 121.928661, 125.576256 ] }, { "date": "2024-07-05", "close": 110.712067, "volume": 113913, "typical_volume": 110343.2, "trend": 129.286596, "fair_value": 121.838494, "relative_strength": -36.451042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.921109, "energy": 78.531405, "activity_lines": [ 113.06634, 115.875467, 120.469272, 124.315611 ] }, { "date": "2024-07-12", "close": 109.316551, "volume": 133063, "typical_volume": 112537.55, "trend": 128.25959, "fair_value": 121.752728, "relative_strength": -37.516928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.021643, "energy": 84.162203, "activity_lines": [ 111.456356, 114.11946, 119.002028, 123.027221 ] }, { "date": "2024-07-19", "close": 107.455833, "volume": 97911, "typical_volume": 112422.05, "trend": 127.140524, "fair_value": 121.65547, "relative_strength": -35.042108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.607793, "energy": 87.617757, "activity_lines": [ 109.750707, 112.377092, 117.484978, 121.685043 ] }, { "date": "2024-07-26", "close": 103.269241, "volume": 101281, "typical_volume": 107881.95, "trend": 125.896922, "fair_value": 121.531238, "relative_strength": -34.788379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.468252, "energy": 89.866738, "activity_lines": [ 107.20774, 110.27602, 115.716198, 120.14496 ] }, { "date": "2024-08-02", "close": 102.33889, "volume": 117212, "typical_volume": 105769.4, "trend": 124.652347, "fair_value": 121.402431, "relative_strength": -33.227961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.943148, "energy": 89.847382, "activity_lines": [ 105.098939, 108.425919, 114.025743, 118.625087 ] }, { "date": "2024-08-09", "close": 99.547829, "volume": 89295, "typical_volume": 106915.45, "trend": 123.359793, "fair_value": 121.256733, "relative_strength": -33.819843, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.914639, "energy": 86.766339, "activity_lines": [ 102.742043, 106.304863, 112.227702, 117.005441 ] }, { "date": "2024-08-16", "close": 100.478195, "volume": 26101, "typical_volume": 102556.75, "trend": 122.083232, "fair_value": 121.119127, "relative_strength": -35.144348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.870444, "energy": 76.761614, "activity_lines": [ 101.439552, 104.707065, 110.670094, 115.529208 ] }, { "date": "2024-08-23", "close": 99.547829, "volume": 20049, "typical_volume": 99785.3, "trend": 120.820716, "fair_value": 120.977211, "relative_strength": -34.496377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.376343, "energy": 83.591757, "activity_lines": [ 100.416162, 103.243872, 109.140637, 114.075312 ] }, { "date": "2024-08-30", "close": 105.129951, "volume": 36696, "typical_volume": 96522.6, "trend": 119.789327, "fair_value": 120.873634, "relative_strength": -30.395963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.417678, "energy": 64.325868, "activity_lines": [ 101.78068, 103.091632, 108.244305, 113.063004 ] }, { "date": "2024-09-06", "close": 104.664764, "volume": 77141, "typical_volume": 96952.0, "trend": 118.77247, "fair_value": 120.768382, "relative_strength": -27.241094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.268651, "energy": 54.049611, "activity_lines": [ 102.866089, 103.023968, 107.424537, 112.087226 ] }, { "date": "2024-09-13", "close": 104.1996, "volume": 18434, "typical_volume": 93782.15, "trend": 117.680032, "fair_value": 120.661486, "relative_strength": -27.912077, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.0364, "energy": 43.134509, "activity_lines": [ 103.641384, 103.015511, 106.659479, 111.147041 ] }, { "date": "2024-09-20", "close": 102.33889, "volume": 41593, "typical_volume": 92602.75, "trend": 116.555608, "fair_value": 120.544034, "relative_strength": -29.68276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.783436, "energy": 37.776319, "activity_lines": [ 103.486325, 102.787151, 105.807494, 110.15729 ] }, { "date": "2024-09-27", "close": 102.80407, "volume": 47426, "typical_volume": 93946.3, "trend": 115.371595, "fair_value": 120.135474, "relative_strength": -30.539283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.001824, "energy": 36.152966, "activity_lines": [ 103.362279, 102.770236, 105.125217, 109.270094 ] }, { "date": "2024-10-04", "close": 103.269241, "volume": 68928, "typical_volume": 94537.9, "trend": 114.203087, "fair_value": 119.935822, "relative_strength": -27.749287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.216908, "energy": 34.844339, "activity_lines": [ 103.176208, 102.922475, 104.614809, 108.489297 ] }, { "date": "2024-10-11", "close": 101.873718, "volume": 85235, "typical_volume": 78078.15, "trend": 113.079973, "fair_value": 119.746191, "relative_strength": -29.750273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.813682, "energy": 40.76313, "activity_lines": [ 102.64901, 102.820983, 104.081526, 107.693853 ] }, { "date": "2024-10-18", "close": 102.33889, "volume": 36978, "typical_volume": 75696.0, "trend": 112.11023, "fair_value": 119.57309, "relative_strength": -30.324967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.620341, "energy": 38.121664, "activity_lines": [ 102.462938, 102.812525, 103.656704, 107.00088 ] }, { "date": "2024-10-25", "close": 102.80407, "volume": 75564, "typical_volume": 75762.75, "trend": 111.370448, "fair_value": 119.408389, "relative_strength": -28.683703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.642269, "energy": 35.740983, "activity_lines": [ 102.555974, 102.837899, 103.355634, 106.400483 ] }, { "date": "2024-11-01", "close": 102.33889, "volume": 46892, "typical_volume": 71348.0, "trend": 110.753026, "fair_value": 119.251545, "relative_strength": -26.317959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.981777, "energy": 35.614159, "activity_lines": [ 102.462938, 102.736406, 103.078743, 105.817802 ] }, { "date": "2024-11-08", "close": 100.943367, "volume": 75488, "typical_volume": 69783.55, "trend": 109.767402, "fair_value": 119.099303, "relative_strength": -28.767876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.911428, "energy": 39.448082, "activity_lines": [ 101.93574, 102.330434, 102.733184, 105.18492 ] }, { "date": "2024-11-15", "close": 95.826416, "volume": 87457, "typical_volume": 69832.85, "trend": 108.779714, "fair_value": 118.925098, "relative_strength": -29.040189, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.389812, "energy": 61.680059, "activity_lines": [ 99.85795, 101.070228, 101.964535, 104.285502 ] }, { "date": "2024-11-22", "close": 93.035362, "volume": 68079, "typical_volume": 67541.15, "trend": 107.775582, "fair_value": 118.697778, "relative_strength": -30.667323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.752782, "energy": 81.939092, "activity_lines": [ 97.252962, 99.463255, 101.009816, 103.269737 ] }, { "date": "2024-11-29", "close": 90.430367, "volume": 40913, "typical_volume": 62933.65, "trend": 106.500799, "fair_value": 118.497111, "relative_strength": -29.743447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.169312, "energy": 92.580369, "activity_lines": [ 94.399877, 97.585632, 99.891176, 102.150691 ] }, { "date": "2024-12-06", "close": 88.662689, "volume": 84385, "typical_volume": 62257.35, "trend": 105.136455, "fair_value": 118.287823, "relative_strength": -32.941665, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.108698, "energy": 94.660847, "activity_lines": [ 91.78248, 95.603132, 98.694121, 100.999845 ] }, { "date": "2024-12-13", "close": 83.917885, "volume": 35672, "typical_volume": 58976.9, "trend": 103.721179, "fair_value": 118.04812, "relative_strength": -35.116425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.156103, "energy": 96.746673, "activity_lines": [ 88.495228, 93.015057, 97.134671, 99.630905 ] }, { "date": "2024-12-20", "close": 83.266647, "volume": 71436, "typical_volume": 56688.1, "trend": 102.651835, "fair_value": 117.817789, "relative_strength": -33.173569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.367632, "energy": 94.853463, "activity_lines": [ 86.125929, 90.660417, 95.605347, 98.311258 ] }, { "date": "2024-12-27", "close": 84.196999, "volume": 34909, "typical_volume": 53968.8, "trend": 101.490956, "fair_value": 117.653033, "relative_strength": -33.676091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.386792, "energy": 90.413167, "activity_lines": [ 84.904066, 88.813243, 94.255448, 97.120624 ] }, { "date": "2025-01-03", "close": 82.801476, "volume": 47705, "typical_volume": 55049.0, "trend": 100.344834, "fair_value": 117.476621, "relative_strength": -32.695098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.342062, "energy": 90.194125, "activity_lines": [ 83.806252, 87.042189, 92.845742, 95.914851 ] }, { "date": "2025-01-10", "close": 87.70211, "volume": 186199, "typical_volume": 63356.5, "trend": 99.40727, "fair_value": 117.326204, "relative_strength": -27.978311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.409675, "energy": 66.31306, "activity_lines": [ 84.850575, 86.525844, 91.986938, 95.099191 ] }, { "date": "2025-01-17", "close": 87.70211, "volume": 30488, "typical_volume": 63046.1, "trend": 98.516224, "fair_value": 117.175788, "relative_strength": -27.329962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.832347, "energy": 58.953165, "activity_lines": [ 85.958938, 86.275622, 91.184541, 94.34402 ] }, { "date": "2025-01-24", "close": 88.662697, "volume": 9361, "typical_volume": 59657.1, "trend": 97.719221, "fair_value": 117.039657, "relative_strength": -26.666097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.952613, "energy": 45.368965, "activity_lines": [ 87.135214, 86.440802, 90.556619, 93.708308 ] }, { "date": "2025-02-07", "close": 90.968117, "volume": 72145, "typical_volume": 62342.65, "trend": 97.06109, "fair_value": 116.929143, "relative_strength": -23.561353, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.070119, "energy": 26.823804, "activity_lines": [ 88.720227, 87.155399, 90.224462, 93.272753 ] }, { "date": "2025-02-14", "close": 90.776001, "volume": 68696, "typical_volume": 63697.8, "trend": 96.443071, "fair_value": 116.828236, "relative_strength": -21.594232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.553715, "energy": 25.67594, "activity_lines": [ 89.789793, 87.872652, 89.937014, 92.867263 ] }, { "date": "2025-02-21", "close": 91.448418, "volume": 35050, "typical_volume": 63079.0, "trend": 95.909491, "fair_value": 116.720801, "relative_strength": -21.882398, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.885717, "energy": 24.986951, "activity_lines": [ 90.551863, 88.705878, 89.768667, 92.545028 ] }, { "date": "2025-02-28", "close": 93.177483, "volume": 53690, "typical_volume": 62317.1, "trend": 95.573099, "fair_value": 116.62174, "relative_strength": -17.045226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.027717, "energy": 21.30561, "activity_lines": [ 91.640535, 89.80283, 89.819068, 92.368769 ] }, { "date": "2025-03-07", "close": 109.987854, "volume": 284209, "typical_volume": 72265.8, "trend": 95.828064, "fair_value": 116.600633, "relative_strength": 0.95974, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 49.958053, "energy": 47.186614, "activity_lines": [ 97.967638, 93.787857, 91.518513, 93.298753 ] }, { "date": "2025-03-14", "close": 107.586372, "volume": 209516, "typical_volume": 80892.7, "trend": 96.096016, "fair_value": 116.580389, "relative_strength": 2.342667, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.891243, "energy": 69.148953, "activity_lines": [ 102.072571, 96.850411, 92.950606, 94.057354 ] }, { "date": "2025-03-21", "close": 109.027252, "volume": 61866, "typical_volume": 80207.8, "trend": 96.380985, "fair_value": 116.591058, "relative_strength": 3.409902, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.000204, "energy": 76.223135, "activity_lines": [ 105.549913, 99.749682, 94.494938, 94.891627 ] }, { "date": "2025-03-28", "close": 108.546959, "volume": 63736, "typical_volume": 81050.0, "trend": 96.680955, "fair_value": 116.582391, "relative_strength": 6.478637, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.678516, "energy": 78.518526, "activity_lines": [ 107.650407, 102.084794, 95.963894, 95.676529 ] }, { "date": "2025-04-04", "close": 109.027252, "volume": 29789, "typical_volume": 78765.05, "trend": 96.810866, "fair_value": 116.582222, "relative_strength": 8.941464, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.67716, "energy": 75.687746, "activity_lines": [ 108.771097, 104.128235, 97.449029, 96.473064 ] }, { "date": "2025-04-11", "close": 97.019844, "volume": 335808, "typical_volume": 91182.6, "trend": 96.556035, "fair_value": 116.507792, "relative_strength": 6.150751, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.764916, "energy": 37.235753, "activity_lines": [ 104.832665, 103.600781, 97.752108, 96.486546 ] }, { "date": "2025-04-18", "close": 99.421341, "volume": 38725, "typical_volume": 89714.9, "trend": 96.39676, "fair_value": 116.459594, "relative_strength": 10.056404, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 45.991913, "energy": 30.699356, "activity_lines": [ 102.559267, 103.358015, 98.278217, 96.671405 ] }, { "date": "2025-04-25", "close": 98.94104, "volume": 21888, "typical_volume": 88763.65, "trend": 96.283498, "fair_value": 116.386641, "relative_strength": 7.533982, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 38.438887, "energy": 23.176072, "activity_lines": [ 100.670104, 102.874226, 98.728173, 96.835552 ] }, { "date": "2025-05-02", "close": 99.421341, "volume": 32233, "typical_volume": 86156.05, "trend": 96.17074, "fair_value": 116.316766, "relative_strength": 3.877672, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.069827, "energy": 26.199991, "activity_lines": [ 99.613455, 102.32931, 99.183346, 97.037993 ] }, { "date": "2025-05-09", "close": 99.901627, "volume": 49244, "typical_volume": 86834.65, "trend": 96.058486, "fair_value": 116.282485, "relative_strength": 4.420852, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.976474, "energy": 21.237804, "activity_lines": [ 99.325276, 101.726756, 99.633029, 97.278696 ] }, { "date": "2025-05-16", "close": 98.94104, "volume": 34367, "typical_volume": 84981.2, "trend": 95.960731, "fair_value": 116.242047, "relative_strength": -0.255033, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.748271, "energy": 17.693752, "activity_lines": [ 99.325277, 100.827292, 99.915114, 97.464667 ] }, { "date": "2025-05-23", "close": 99.421341, "volume": 9214, "typical_volume": 83696.45, "trend": 95.863479, "fair_value": 116.250749, "relative_strength": 1.698106, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.299976, "energy": 14.782116, "activity_lines": [ 99.357298, 100.216008, 100.168302, 97.687932 ] }, { "date": "2025-05-30", "close": 96.539558, "volume": 14328, "typical_volume": 82027.6, "trend": 95.654662, "fair_value": 116.265365, "relative_strength": 0.514738, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.084324, "energy": 9.627402, "activity_lines": [ 98.428725, 99.229218, 100.074538, 97.73155 ] }, { "date": "2025-06-06", "close": 96.539558, "volume": 12151, "typical_volume": 73325.2, "trend": 95.461351, "fair_value": 116.28269, "relative_strength": -0.443964, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.218673, "energy": 10.449303, "activity_lines": [ 97.66025, 98.469476, 99.915354, 97.78864 ] }, { "date": "2025-06-13", "close": 100.381927, "volume": 7404, "typical_volume": 72171.0, "trend": 95.442636, "fair_value": 116.305678, "relative_strength": 1.941077, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.583956, "energy": 11.228684, "activity_lines": [ 98.364684, 98.626664, 100.080027, 98.106097 ] }, { "date": "2025-06-20", "close": 98.446609, "volume": 19373, "typical_volume": 72671.6, "trend": 95.529976, "fair_value": 116.316261, "relative_strength": 0.393943, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.160375, "energy": 10.179764, "activity_lines": [ 98.391992, 98.589164, 100.000004, 98.299902 ] }, { "date": "2025-06-27", "close": 98.933968, "volume": 48542, "typical_volume": 71491.45, "trend": 95.726596, "fair_value": 116.327258, "relative_strength": -1.266189, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.862834, "energy": 10.82321, "activity_lines": [ 98.614715, 98.614333, 99.919806, 98.519514 ] }, { "date": "2025-07-04", "close": 98.933968, "volume": 33688, "typical_volume": 69741.05, "trend": 96.010049, "fair_value": 116.354513, "relative_strength": -0.908896, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.465963, "energy": 13.855492, "activity_lines": [ 98.86993, 98.648363, 99.801675, 98.726441 ] }, { "date": "2025-07-11", "close": 99.421333, "volume": 47359, "typical_volume": 70356.5, "trend": 96.368671, "fair_value": 116.374054, "relative_strength": -1.170005, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.563062, "energy": 13.945496, "activity_lines": [ 99.127972, 98.771134, 99.691113, 98.946524 ] }, { "date": "2025-07-18", "close": 97.471893, "volume": 88983, "typical_volume": 72121.15, "trend": 96.820471, "fair_value": 116.37026, "relative_strength": -5.561878, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.475881, "energy": 8.358971, "activity_lines": [ 98.544083, 98.539461, 99.356923, 99.0177 ] }, { "date": "2025-07-25", "close": 96.789597, "volume": 30611, "typical_volume": 59441.25, "trend": 97.271236, "fair_value": 116.353963, "relative_strength": -5.919747, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.206005, "energy": 10.900494, "activity_lines": [ 97.926764, 98.227912, 98.937304, 99.015708 ] }, { "date": "2025-08-01", "close": 98.933972, "volume": 38902, "typical_volume": 50910.55, "trend": 97.762469, "fair_value": 116.351413, "relative_strength": -3.935103, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.963155, "energy": 9.562315, "activity_lines": [ 98.134704, 98.345366, 98.784759, 99.122981 ] }, { "date": "2025-08-08", "close": 97.959259, "volume": 55521, "typical_volume": 50593.3, "trend": 98.267728, "fair_value": 116.334486, "relative_strength": -6.940124, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.923114, "energy": 20.178197, "activity_lines": [ 98.01774, 98.29446, 98.580586, 99.135677 ] }, { "date": "2025-08-15", "close": 99.908691, "volume": 180880, "typical_volume": 56450.5, "trend": 98.674614, "fair_value": 116.335474, "relative_strength": -6.090943, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.333992, "energy": 2.588404, "activity_lines": [ 98.615566, 98.572184, 98.614779, 99.241546 ] }, { "date": "2025-08-22", "close": 98.933968, "volume": 59024, "typical_volume": 57912.25, "trend": 99.049009, "fair_value": 116.322086, "relative_strength": -4.637067, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.578413, "energy": 6.40102, "activity_lines": [ 98.855995, 98.611429, 98.597275, 99.258278 ] }, { "date": "2025-08-29", "close": 97.959259, "volume": 37722, "typical_volume": 43007.95, "trend": 99.358895, "fair_value": 116.318706, "relative_strength": -7.218565, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.12457, "energy": 14.682819, "activity_lines": [ 98.674049, 98.499781, 98.535005, 99.187972 ] }, { "date": "2025-09-05", "close": 97.959259, "volume": 18314, "typical_volume": 41987.4, "trend": 99.591933, "fair_value": 116.244879, "relative_strength": -7.915601, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -34.243152, "energy": 14.491806, "activity_lines": [ 98.414125, 98.396993, 98.468261, 99.097673 ] }, { "date": "2025-09-12", "close": 97.471893, "volume": 62636, "typical_volume": 44024.8, "trend": 99.815129, "fair_value": 116.173346, "relative_strength": -11.484649, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.315288, "energy": 25.77858, "activity_lines": [ 98.056727, 98.223315, 98.362065, 98.960896 ] }, { "date": "2025-09-19", "close": 97.959259, "volume": 36023, "typical_volume": 44214.3, "trend": 100.032157, "fair_value": 116.10249, "relative_strength": -11.023251, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.924916, "energy": 27.236936, "activity_lines": [ 97.894275, 98.164833, 98.309279, 98.841162 ] }, { "date": "2025-09-26", "close": 97.082008, "volume": 42972, "typical_volume": 43900.7, "trend": 100.162308, "fair_value": 116.031692, "relative_strength": -11.501326, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.543954, "energy": 33.408144, "activity_lines": [ 97.569369, 97.973434, 98.179909, 98.65083 ] }, { "date": "2025-10-03", "close": 97.471893, "volume": 79908, "typical_volume": 46177.75, "trend": 99.745109, "fair_value": 115.997482, "relative_strength": -14.736652, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.043959, "energy": 30.309608, "activity_lines": [ 97.497888, 97.860011, 98.101097, 98.477255 ] }, { "date": "2025-10-10", "close": 96.594643, "volume": 29075, "typical_volume": 47170.8, "trend": 99.378718, "fair_value": 115.946285, "relative_strength": -16.768633, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -54.10023, "energy": 31.945759, "activity_lines": [ 97.166481, 97.574683, 97.945733, 98.273999 ] }, { "date": "2025-10-17", "close": 94.450264, "volume": 130303, "typical_volume": 52969.55, "trend": 98.892819, "fair_value": 115.892705, "relative_strength": -18.251966, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.959892, "energy": 47.484483, "activity_lines": [ 96.211256, 96.942002, 97.599604, 97.956034 ] }, { "date": "2025-10-24", "close": 92.110939, "volume": 96554, "typical_volume": 57189.7, "trend": 98.344951, "fair_value": 115.821288, "relative_strength": -20.577237, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.891844, "energy": 60.354618, "activity_lines": [ 94.677698, 95.947788, 97.04063, 97.518494 ] }, { "date": "2025-10-31", "close": 88.699425, "volume": 215422, "typical_volume": 67590.6, "trend": 97.667357, "fair_value": 115.753569, "relative_strength": -24.98602, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.003976, "energy": 76.547902, "activity_lines": [ 92.396857, 94.475076, 96.177839, 96.896202 ] }, { "date": "2025-11-07", "close": 90.843803, "volume": 25027, "typical_volume": 67873.3, "trend": 97.461489, "fair_value": 115.733683, "relative_strength": -21.118383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.372073, "energy": 74.430165, "activity_lines": [ 91.389647, 93.578334, 95.574906, 96.455972 ] }, { "date": "2025-11-14", "close": 89.674149, "volume": 16868, "typical_volume": 66289.6, "trend": 97.136583, "fair_value": 115.694937, "relative_strength": -21.043234, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.734843, "energy": 79.442595, "activity_lines": [ 90.434425, 92.5983, 94.89678, 95.953563 ] }, { "date": "2025-11-21", "close": 90.551392, "volume": 24377, "typical_volume": 65824.05, "trend": 96.856928, "fair_value": 115.658974, "relative_strength": -17.064507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.726479, "energy": 74.070198, "activity_lines": [ 90.232984, 91.928403, 94.346296, 95.528712 ] }, { "date": "2025-11-28", "close": 89.674149, "volume": 39965, "typical_volume": 65454.35, "trend": 96.532021, "fair_value": 115.614547, "relative_strength": -21.11064, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.421495, "energy": 62.80523, "activity_lines": [ 89.999053, 91.224834, 93.752182, 95.065307 ] }, { "date": "2025-12-05", "close": 88.991844, "volume": 31215, "typical_volume": 62565.95, "trend": 96.168362, "fair_value": 115.545861, "relative_strength": -22.382707, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.510912, "energy": 55.551612, "activity_lines": [ 89.70014, 90.547848, 93.139502, 94.578844 ] }, { "date": "2025-12-12", "close": 89.674149, "volume": 24986, "typical_volume": 62284.7, "trend": 95.859466, "fair_value": 115.461665, "relative_strength": -22.155084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.190181, "energy": 46.685064, "activity_lines": [ 89.609167, 90.142011, 92.632185, 94.159863 ] }, { "date": "2025-12-19", "close": 87.91964, "volume": 57553, "typical_volume": 63217.25, "trend": 95.476076, "fair_value": 115.3577, "relative_strength": -22.123069, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.290967, "energy": 49.171489, "activity_lines": [ 89.011335, 89.55895, 91.991654, 93.647616 ] }, { "date": "2025-12-26", "close": 88.699425, "volume": 46482, "typical_volume": 62765.3, "trend": 95.214738, "fair_value": 115.250211, "relative_strength": -23.583859, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.782551, "energy": 44.737326, "activity_lines": [ 88.790398, 89.275396, 91.477838, 93.210413 ] }, { "date": "2026-01-02", "close": 88.991844, "volume": 36675, "typical_volume": 55555.05, "trend": 94.963147, "fair_value": 115.164482, "relative_strength": -25.198366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.635956, "energy": 41.154155, "activity_lines": [ 88.790399, 89.149569, 91.035966, 92.808936 ] }, { "date": "2026-01-09", "close": 87.042404, "volume": 56792, "typical_volume": 55443.45, "trend": 94.518497, "fair_value": 115.074778, "relative_strength": -28.85546, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.369927, "energy": 45.189078, "activity_lines": [ 88.186073, 88.726009, 90.460418, 92.29792 ] }, { "date": "2026-01-16", "close": 88.797974, "volume": 115680, "typical_volume": 59341.35, "trend": 94.196875, "fair_value": 114.999168, "relative_strength": -29.6786, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.972963, "energy": 38.28197, "activity_lines": [ 88.296901, 88.651772, 90.108693, 91.928854 ] }, { "date": "2026-01-23", "close": 88.699425, "volume": 35223, "typical_volume": 60186.8, "trend": 93.855724, "fair_value": 114.914405, "relative_strength": -30.635292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.470308, "energy": 37.353884, "activity_lines": [ 88.43329, 88.596813, 89.791208, 91.57418 ] }, { "date": "2026-01-30", "close": 88.797974, "volume": 49295, "typical_volume": 59519.75, "trend": 93.517858, "fair_value": 114.81607, "relative_strength": -30.445532, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.425201, "energy": 35.755854, "activity_lines": [ 88.550543, 88.577495, 89.527203, 91.247873 ] }, { "date": "2026-02-06", "close": 88.797974, "volume": 71960, "typical_volume": 61316.6, "trend": 93.163746, "fair_value": 114.683648, "relative_strength": -29.462789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.916987, "energy": 25.975375, "activity_lines": [ 88.661226, 88.590057, 89.304502, 90.943365 ] }, { "date": "2026-02-13", "close": 88.89653, "volume": 32555, "typical_volume": 60795.75, "trend": 92.8779, "fair_value": 114.526291, "relative_strength": -32.798561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.194278, "energy": 23.648183, "activity_lines": [ 88.817686, 88.636469, 89.134813, 90.66806 ] }, { "date": "2026-02-27", "close": 88.600868, "volume": 51461, "typical_volume": 59373.4, "trend": 92.604943, "fair_value": 114.37272, "relative_strength": -36.020389, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.838648, "energy": 23.01133, "activity_lines": [ 88.751984, 88.630857, 88.975944, 90.392123 ] }, { "date": "2026-03-06", "close": 87.122543, "volume": 46360, "typical_volume": 60237.65, "trend": 92.211228, "fair_value": 114.19547, "relative_strength": -33.213691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.051438, "energy": 33.245032, "activity_lines": [ 88.206647, 88.375973, 88.718526, 90.03842 ] }, { "date": "2026-03-13", "close": 86.629768, "volume": 84136, "typical_volume": 57929.3, "trend": 91.833579, "fair_value": 113.998017, "relative_strength": -32.432889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.317672, "energy": 37.416577, "activity_lines": [ 87.602177, 88.045986, 88.459281, 89.678325 ] }, { "date": "2026-03-20", "close": 88.20665, "volume": 34033, "typical_volume": 54803.25, "trend": 91.443511, "fair_value": 113.827716, "relative_strength": -30.710216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.981254, "energy": 33.037479, "activity_lines": [ 87.667881, 88.040335, 88.387456, 89.44433 ] }, { "date": "2026-03-27", "close": 87.615318, "volume": 57475, "typical_volume": 46905.9, "trend": 91.066222, "fair_value": 113.656465, "relative_strength": -29.469438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.558792, "energy": 32.443491, "activity_lines": [ 87.575897, 87.941445, 88.277906, 89.19735 ] }, { "date": "2026-04-03", "close": 88.009544, "volume": 65683, "typical_volume": 48938.7, "trend": 90.734565, "fair_value": 113.48206, "relative_strength": -27.109329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.965352, "energy": 27.266918, "activity_lines": [ 87.700735, 87.903816, 88.211063, 89.000145 ] }, { "date": "2026-04-10", "close": 88.305206, "volume": 5462, "typical_volume": 48368.4, "trend": 90.412763, "fair_value": 113.232853, "relative_strength": -31.811121, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.357731, "energy": 17.207297, "activity_lines": [ 87.963549, 87.934279, 88.185875, 88.843412 ] }, { "date": "2026-04-17", "close": 86.92543, "volume": 31679, "typical_volume": 48733.5, "trend": 90.061214, "fair_value": 113.003208, "relative_strength": -34.50755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.615246, "energy": 24.398184, "activity_lines": [ 87.687593, 87.721041, 88.035799, 88.618423 ] }, { "date": "2026-04-24", "close": 83.771675, "volume": 61775, "typical_volume": 49824.0, "trend": 89.588295, "fair_value": 112.690851, "relative_strength": -39.37201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.815096, "energy": 38.036877, "activity_lines": [ 86.340675, 86.96844, 87.602632, 88.212646 ] }, { "date": "2026-05-01", "close": 78.154053, "volume": 92369, "typical_volume": 52881.7, "trend": 88.957363, "fair_value": 112.314078, "relative_strength": -42.503653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.522651, "energy": 74.165336, "activity_lines": [ 83.416881, 85.28584, 86.66256, 87.474953 ] }, { "date": "2026-05-08", "close": 71.747978, "volume": 153837, "typical_volume": 59324.25, "trend": 88.099899, "fair_value": 111.85079, "relative_strength": -49.767197, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.073018, "energy": 91.09298, "activity_lines": [ 78.98848, 82.633817, 85.163994, 86.36467 ] }, { "date": "2026-05-15", "close": 66.623123, "volume": 166047, "typical_volume": 64748.95, "trend": 87.100849, "fair_value": 111.363172, "relative_strength": -52.017404, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.091674, "energy": 97.181044, "activity_lines": [ 73.935898, 79.356418, 83.262709, 84.979072 ] }, { "date": "2026-05-22", "close": 66.721672, "volume": 82130, "typical_volume": 66531.35, "trend": 86.176562, "fair_value": 110.808011, "relative_strength": -52.390851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.897778, "energy": 95.077091, "activity_lines": [ 70.361638, 76.469654, 81.472222, 83.664286 ] }, { "date": "2026-05-29", "close": 66.918793, "volume": 68876, "typical_volume": 68141.4, "trend": 85.336824, "fair_value": 110.310926, "relative_strength": -54.056465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.215342, "energy": 91.312742, "activity_lines": [ 68.200002, 73.980695, 79.805165, 82.421849 ] }, { "date": "2026-06-05", "close": 63.765026, "volume": 32573, "typical_volume": 66930.45, "trend": 84.505677, "fair_value": 109.77658, "relative_strength": -55.737639, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.188393, "energy": 92.847818, "activity_lines": [ 66.110636, 71.305377, 77.942858, 81.03012 ] }, { "date": "2026-06-12", "close": 64.849136, "volume": 8550, "typical_volume": 61573.95, "trend": 83.639189, "fair_value": 109.217937, "relative_strength": -53.224841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.036715, "energy": 86.272866, "activity_lines": [ 65.341909, 69.26081, 76.294645, 79.761956 ] }, { "date": "2026-06-19", "close": 67.017342, "volume": 30765, "typical_volume": 61351.05, "trend": 82.883962, "fair_value": 108.676034, "relative_strength": -53.158488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.478715, "energy": 66.424713, "activity_lines": [ 65.755839, 68.031562, 74.966969, 78.689579 ] }, { "date": "2026-06-26", "close": 70.400002, "volume": 44693, "typical_volume": 61120.95, "trend": 82.212249, "fair_value": 108.167176, "relative_strength": -47.762306, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.546501, "energy": 61.653923, "activity_lines": [ 67.271042, 67.804394, 74.0647, 77.884162 ] }, { "date": "2026-07-03", "close": 72.099998, "volume": 43148, "typical_volume": 59680.35, "trend": 81.626444, "fair_value": 107.663535, "relative_strength": -48.089244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.983302, "energy": 45.863377, "activity_lines": [ 69.107688, 68.18678, 73.411944, 77.231759 ] }, { "date": "2026-07-10", "close": 73.0, "volume": 15072, "typical_volume": 58806.2, "trend": 81.093382, "fair_value": 107.091711, "relative_strength": -44.795315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.516977, "energy": 30.478073, "activity_lines": [ 70.898921, 68.945014, 72.924417, 76.675214 ] }, { "date": "2026-07-17", "close": 73.0, "volume": 33518, "typical_volume": 57909.05, "trend": 80.537577, "fair_value": 106.589205, "relative_strength": -40.276281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.035971, "energy": 28.63931, "activity_lines": [ 72.074489, 69.796958, 72.512588, 76.153061 ] }, { "date": "2026-07-24", "close": 69.400002, "volume": 13266, "typical_volume": 56254.35, "trend": 79.920256, "fair_value": 106.063622, "relative_strength": -43.523051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.172217, "energy": 26.651968, "activity_lines": [ 71.506667, 69.971593, 71.832192, 75.434507 ] }, { "date": "2026-07-31", "close": 71.0, "volume": 23837, "typical_volume": 53239.4, "trend": 79.330275, "fair_value": 105.542519, "relative_strength": -40.489171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.523153, "energy": 21.79604, "activity_lines": [ 71.313334, 70.386648, 71.388569, 74.859007 ] }, { "date": "2026-08-07", "close": 70.800003, "volume": 9117, "typical_volume": 51993.6, "trend": 78.72388, "fair_value": 105.051905, "relative_strength": -41.06755, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.775107, "energy": 25.613055, "activity_lines": [ 71.013335, 70.687552, 71.000327, 74.308667 ] }, { "date": "2026-08-14", "close": 70.5, "volume": 15720, "typical_volume": 49905.85, "trend": 78.172467, "fair_value": 104.565145, "relative_strength": -42.310766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.984247, "energy": 31.665929, "activity_lines": [ 70.700001, 70.863343, 70.666402, 73.778094 ] } ], "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." } } }