{ "ticker": { "uuid": "76bc3ff2-1685-4fb1-a19d-5b3740d88502", "symbol": "BNZL", "name": "Bunzl plc", "exchange": "LSE", "country": "GB", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.188, "architecture_energy": 85.703, "architecture_maturity": 42.299, "architecture_confidence": 74.008, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 0.35, "rotation_up": 83.75, "upward_expansion": 96.4, "deceleration": 42.0, "rotation_down": 11.25, "downward_expansion": 18.4 }, "activity_lines": [ 2807.466667, 2738.981818, 2609.876743, 2513.875768 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 2870.0, "trend_reference": 2384.237305, "distance_from_trend": 0.203739, "trend_direction": "Improving", "fair_value": 2808.617364, "distance_from_fair_value": 0.021855, "fair_value_direction": "Improving", "relative_strength": 12.365132, "relative_strength_direction": "Improving", "price_momentum": 0.401678, "excess_performance": 0.335399, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.203739, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.078353, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.021855, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.188048, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.123651, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.154341, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.401678, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.738796, "read": "Supply-led" } ], "volume": { "latest": 4799702, "relative_activity": 1.10449, "balance": 0.738796, "dry_up": 0.931142, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.036236, "annualized_volatility": 0.205519, "from_high_reference": -0.005544, "from_low_reference": 0.449084 }, "levels": { "trend_reference": 2384.237305, "fair_value_reference": 2808.617364, "structural_low": 2017.552747, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 26, "median_return": -0.00224, "positive_rate": 0.461538, "directional_follow_through": 0.461538, "median_excess_return": -0.007094, "regime_survival": 0.653846, "best_return": 0.088577, "worst_return": -0.103871, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.040058, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.064409, "regime_survival": 0.2, "best_return": 0.060225, "worst_return": -0.163636, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.052403, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.048492, "regime_survival": 0.166667, "best_return": 0.030471, "worst_return": -0.077103, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.030385, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.058874, "regime_survival": 0.25, "best_return": 0.141208, "worst_return": -0.371786, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-12", "end": "2024-07-19", "tenure": "New", "return": 0.010038, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-26", "end": "2024-08-23", "tenure": "Developing", "return": -0.011077, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-10-18", "tenure": "Developing", "return": 0.01017, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-12-06", "tenure": "Developing", "return": 0.03347, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-01-03", "tenure": "New", "return": -0.072159, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.050579, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-03-07", "tenure": "Developing", "return": -0.088322, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-14", "end": "2025-09-12", "tenure": "Extended", "return": -0.151987, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-19", "end": "2025-09-26", "tenure": "New", "return": -0.034711, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-03", "end": "2025-11-21", "tenure": "Developing", "return": -0.146108, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-28", "end": "2026-03-13", "tenure": "Established", "return": 0.064695, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.073973, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-08", "tenure": "New", "return": 0.005089, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.230976, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 2805.717773, "volume": 5543734, "typical_volume": 3601147.15, "trend": 3015.431836, "fair_value": 2720.224684, "relative_strength": -5.069017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.068572, "energy": 64.533183, "activity_lines": [ 2823.636458, 2863.652366, 2963.581047, 2993.900244 ] }, { "date": "2023-08-18", "close": 2711.793945, "volume": 2600878, "typical_volume": 3580996.8, "trend": 3008.451497, "fair_value": 2722.2157, "relative_strength": -4.740144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.687455, "energy": 72.167209, "activity_lines": [ 2785.001172, 2827.499938, 2933.568099, 2974.310702 ] }, { "date": "2023-08-25", "close": 2721.786133, "volume": 3599841, "typical_volume": 3624548.95, "trend": 3000.005965, "fair_value": 2724.161967, "relative_strength": -5.158163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.55175, "energy": 78.36588, "activity_lines": [ 2755.425293, 2799.631738, 2906.136707, 2955.816163 ] }, { "date": "2023-09-01", "close": 2847.68335, "volume": 6494135, "typical_volume": 3792373.2, "trend": 2991.461108, "fair_value": 2727.286474, "relative_strength": -2.410341, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.215675, "energy": 52.231988, "activity_lines": [ 2777.074284, 2800.739893, 2892.344464, 2945.988897 ] }, { "date": "2023-09-08", "close": 2804.718506, "volume": 3553064, "typical_volume": 3829987.05, "trend": 2984.914144, "fair_value": 2730.109967, "relative_strength": -3.969494, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.478555, "energy": 47.422865, "activity_lines": [ 2787.265999, 2796.343475, 2875.700052, 2933.940987 ] }, { "date": "2023-09-15", "close": 2855.676758, "volume": 4882562, "typical_volume": 3850928.05, "trend": 2978.001099, "fair_value": 2732.690503, "relative_strength": -5.14648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.325674, "energy": 32.940533, "activity_lines": [ 2813.044938, 2804.700262, 2865.833617, 2925.603091 ] }, { "date": "2023-09-22", "close": 2914.62915, "volume": 5373177, "typical_volume": 4005139.3, "trend": 2974.818115, "fair_value": 2735.456937, "relative_strength": -2.8357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.05955, "energy": 24.190604, "activity_lines": [ 2855.144076, 2824.084513, 2863.035493, 2921.514579 ] }, { "date": "2023-09-29", "close": 2923.621826, "volume": 5020586, "typical_volume": 4154690.75, "trend": 2974.399186, "fair_value": 2738.050609, "relative_strength": -1.488801, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.821204, "energy": 22.051566, "activity_lines": [ 2886.718424, 2842.978249, 2862.309703, 2918.211592 ] }, { "date": "2023-10-06", "close": 2953.597412, "volume": 4235792, "typical_volume": 4261570.5, "trend": 2975.279167, "fair_value": 2741.11164, "relative_strength": 0.977205, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -1.455167, "energy": 16.515382, "activity_lines": [ 2914.828922, 2866.17757, 2865.673642, 2916.869542 ] }, { "date": "2023-10-13", "close": 2987.570068, "volume": 4192661, "typical_volume": 4208127.7, "trend": 2975.792993, "fair_value": 2743.895384, "relative_strength": 0.733182, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.771318, "energy": 23.443905, "activity_lines": [ 2947.202702, 2894.409211, 2873.134276, 2917.662504 ] }, { "date": "2023-10-20", "close": 2875.660645, "volume": 4013584, "typical_volume": 4065207.9, "trend": 2971.177856, "fair_value": 2746.544254, "relative_strength": -0.464616, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.293849, "energy": 16.821808, "activity_lines": [ 2930.083236, 2898.587602, 2870.907506, 2911.202352 ] }, { "date": "2023-10-27", "close": 2891.647705, "volume": 6738118, "typical_volume": 4175208.6, "trend": 2965.76355, "fair_value": 2749.718066, "relative_strength": 1.63181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.786356, "energy": 12.073925, "activity_lines": [ 2916.960531, 2904.401043, 2871.526045, 2906.071375 ] }, { "date": "2023-11-03", "close": 2915.628174, "volume": 4800462, "typical_volume": 4121736.45, "trend": 2960.682389, "fair_value": 2752.079051, "relative_strength": 0.737925, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.166854, "energy": 8.220954, "activity_lines": [ 2913.363412, 2911.304501, 2875.265853, 2902.836834 ] }, { "date": "2023-11-10", "close": 2918.625732, "volume": 3195956, "typical_volume": 4104451.75, "trend": 2954.369084, "fair_value": 2755.169761, "relative_strength": 1.643143, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.154093, "energy": 10.802941, "activity_lines": [ 2911.298389, 2915.228569, 2879.962024, 2900.123502 ] }, { "date": "2023-11-17", "close": 2942.787842, "volume": 3274947, "typical_volume": 4117290.25, "trend": 2945.497729, "fair_value": 2758.49857, "relative_strength": 0.607349, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.420686, "energy": 8.273649, "activity_lines": [ 2919.618848, 2922.255886, 2887.2258, 2899.376325 ] }, { "date": "2023-11-24", "close": 2970.76709, "volume": 2554165, "typical_volume": 4053691.95, "trend": 2939.157487, "fair_value": 2762.717243, "relative_strength": 1.867423, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.335139, "energy": 14.675333, "activity_lines": [ 2940.251204, 2931.859988, 2897.410334, 2901.006606 ] }, { "date": "2023-12-01", "close": 2993.749512, "volume": 5136137, "typical_volume": 4149501.0, "trend": 2933.283618, "fair_value": 2766.96062, "relative_strength": 2.122256, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.994962, "energy": 31.057993, "activity_lines": [ 2962.203939, 2943.55016, 2909.31651, 2904.528672 ] }, { "date": "2023-12-08", "close": 3076.6875, "volume": 4193328, "typical_volume": 4216466.15, "trend": 2929.741423, "fair_value": 2770.922672, "relative_strength": 4.585546, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 46.2756, "energy": 51.934377, "activity_lines": [ 3004.995882, 2968.881414, 2928.188087, 2913.780535 ] }, { "date": "2023-12-15", "close": 3110.661865, "volume": 6087133, "typical_volume": 4404756.5, "trend": 2928.948478, "fair_value": 2775.179324, "relative_strength": 5.321224, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.094834, "energy": 60.051507, "activity_lines": [ 3048.375326, 2997.606814, 2949.266678, 2925.452822 ] }, { "date": "2023-12-22", "close": 3198.595703, "volume": 4168845, "typical_volume": 4482955.25, "trend": 2929.188216, "fair_value": 2780.268517, "relative_strength": 6.363027, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 81.107055, "energy": 78.98414, "activity_lines": [ 3108.263639, 3039.464466, 2977.672238, 2942.849417 ] }, { "date": "2023-12-29", "close": 3187.604004, "volume": 964101, "typical_volume": 4253973.6, "trend": 2930.327197, "fair_value": 2785.063198, "relative_strength": 5.288952, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.752344, "energy": 81.00736, "activity_lines": [ 3147.434196, 3075.486799, 3003.055444, 2959.521404 ] }, { "date": "2024-01-05", "close": 3160.624268, "volume": 1647233, "typical_volume": 4206291.35, "trend": 2933.431185, "fair_value": 2789.288047, "relative_strength": 4.810878, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.201845, "energy": 76.730131, "activity_lines": [ 3163.155713, 3100.932027, 3024.050646, 2974.379279 ] }, { "date": "2024-01-12", "close": 3250.556641, "volume": 2721370, "typical_volume": 4162367.8, "trend": 2939.899292, "fair_value": 2794.518276, "relative_strength": 8.452332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.490718, "energy": 81.875456, "activity_lines": [ 3197.729704, 3137.838113, 3051.473549, 2994.838986 ] }, { "date": "2024-01-19", "close": 3216.582275, "volume": 3771167, "typical_volume": 4026219.4, "trend": 2947.966024, "fair_value": 2799.722767, "relative_strength": 9.368091, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.765951, "energy": 72.973727, "activity_lines": [ 3209.38763, 3162.477433, 3073.142843, 3012.689501 ] }, { "date": "2024-01-26", "close": 3181.608398, "volume": 3028229, "typical_volume": 3999977.65, "trend": 2954.134229, "fair_value": 2805.074349, "relative_strength": 5.552042, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.89862, "energy": 57.613199, "activity_lines": [ 3202.326237, 3175.340474, 3089.72463, 3027.763202 ] }, { "date": "2024-02-02", "close": 3205.590576, "volume": 2876865, "typical_volume": 3899692.8, "trend": 2965.231803, "fair_value": 2810.630873, "relative_strength": 6.47561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.409273, "energy": 52.362735, "activity_lines": [ 3204.39139, 3188.22172, 3106.795721, 3043.986193 ] }, { "date": "2024-02-09", "close": 3199.594971, "volume": 4154165, "typical_volume": 3838742.2, "trend": 2978.627498, "fair_value": 2816.142564, "relative_strength": 6.661707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.736981, "energy": 46.355777, "activity_lines": [ 3203.258903, 3195.743337, 3121.629545, 3059.106397 ] }, { "date": "2024-02-16", "close": 3212.585205, "volume": 3151697, "typical_volume": 3745297.75, "trend": 2990.357902, "fair_value": 2822.128011, "relative_strength": 4.990174, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.902396, "energy": 44.232457, "activity_lines": [ 3203.858447, 3201.884171, 3136.343554, 3074.200443 ] }, { "date": "2024-02-23", "close": 3303.516846, "volume": 3319673, "typical_volume": 3699491.8, "trend": 3004.120182, "fair_value": 2828.984417, "relative_strength": 7.794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.161887, "energy": 53.364954, "activity_lines": [ 3237.299968, 3222.087163, 3158.341703, 3094.404245 ] }, { "date": "2024-03-01", "close": 3101.668457, "volume": 6684673, "typical_volume": 3824092.4, "trend": 3014.717944, "fair_value": 2834.924606, "relative_strength": 1.353269, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.222383, "energy": 31.431393, "activity_lines": [ 3197.663053, 3202.083993, 3159.449913, 3100.697683 ] }, { "date": "2024-03-08", "close": 3092.675537, "volume": 3324651, "typical_volume": 3789645.75, "trend": 3024.283203, "fair_value": 2840.410263, "relative_strength": 1.233257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.871836, "energy": 20.328982, "activity_lines": [ 3160.357829, 3182.208061, 3159.158329, 3105.727205 ] }, { "date": "2024-03-15", "close": 3001.743652, "volume": 4197936, "typical_volume": 3662636.65, "trend": 3033.948193, "fair_value": 2845.249006, "relative_strength": -2.525458, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -6.200154, "energy": 14.730954, "activity_lines": [ 3100.269645, 3147.525031, 3149.173161, 3104.27304 ] }, { "date": "2024-03-22", "close": 3070.691895, "volume": 3790346, "typical_volume": 3612130.85, "trend": 3045.578385, "fair_value": 2850.190452, "relative_strength": -2.752032, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 3.064017, "energy": 23.84987, "activity_lines": [ 3076.354297, 3128.266784, 3145.230226, 3106.643601 ] }, { "date": "2024-03-29", "close": 3045.710938, "volume": 2472914, "typical_volume": 3575978.75, "trend": 3052.179305, "fair_value": 2854.606882, "relative_strength": -3.72639, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.770095, "energy": 24.887804, "activity_lines": [ 3053.571517, 3107.736812, 3138.169753, 3106.652153 ] }, { "date": "2024-04-05", "close": 2937.791748, "volume": 4470759, "typical_volume": 3635769.35, "trend": 3056.61508, "fair_value": 2858.017849, "relative_strength": -6.53893, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.417604, "energy": 52.554651, "activity_lines": [ 3012.002735, 3070.691921, 3120.226095, 3099.272311 ] }, { "date": "2024-04-12", "close": 2971.766113, "volume": 4545911, "typical_volume": 3735356.65, "trend": 3060.484725, "fair_value": 2861.012863, "relative_strength": -6.351124, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.279208, "energy": 53.828546, "activity_lines": [ 2992.683854, 3044.257218, 3105.541882, 3093.798184 ] }, { "date": "2024-04-19", "close": 2991.751221, "volume": 4158640, "typical_volume": 3686481.8, "trend": 3063.055461, "fair_value": 2864.481663, "relative_strength": -4.407824, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.59031, "energy": 46.577176, "activity_lines": [ 2988.087305, 3025.707524, 3092.756255, 3089.363764 ] }, { "date": "2024-04-26", "close": 3067.694092, "volume": 5197742, "typical_volume": 3736702.5, "trend": 3067.85787, "fair_value": 2869.250255, "relative_strength": -4.804049, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.874409, "energy": 31.134892, "activity_lines": [ 3009.471208, 3024.744602, 3087.212798, 3089.663031 ] }, { "date": "2024-05-03", "close": 3103.666992, "volume": 2795246, "typical_volume": 3572108.15, "trend": 3072.860189, "fair_value": 2874.115014, "relative_strength": -4.414244, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.708499, "energy": 12.39498, "activity_lines": [ 3043.045931, 3032.956592, 3085.138157, 3091.973297 ] }, { "date": "2024-05-10", "close": 3181.608398, "volume": 2315389, "typical_volume": 3479435.35, "trend": 3079.328133, "fair_value": 2879.748258, "relative_strength": -4.418896, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 18.425538, "energy": 17.977992, "activity_lines": [ 3098.737386, 3058.97338, 3090.519816, 3098.98931 ] }, { "date": "2024-05-17", "close": 3042.203857, "volume": 3069858, "typical_volume": 3584723.2, "trend": 3084.879574, "fair_value": 2884.626275, "relative_strength": -8.269068, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -1.692744, "energy": 12.505222, "activity_lines": [ 3091.706217, 3058.190434, 3082.705744, 3096.594196 ] }, { "date": "2024-05-24", "close": 3020.217041, "volume": 3576823, "typical_volume": 3681202.7, "trend": 3089.165218, "fair_value": 2889.356948, "relative_strength": -7.557928, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.976348, "energy": 11.521979, "activity_lines": [ 3072.65026, 3054.327552, 3073.490072, 3092.422419 ] }, { "date": "2024-05-31", "close": 2934.267334, "volume": 8248528, "typical_volume": 3957560.6, "trend": 3089.786523, "fair_value": 2893.619892, "relative_strength": -9.464949, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -64.508239, "energy": 32.004478, "activity_lines": [ 3023.04668, 3034.501571, 3056.757318, 3082.429008 ] }, { "date": "2024-06-07", "close": 2944.261719, "volume": 3192390, "typical_volume": 3928621.75, "trend": 3090.641056, "fair_value": 2897.716415, "relative_strength": -8.608199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.246625, "energy": 60.785509, "activity_lines": [ 2985.669678, 3018.973198, 3042.482551, 3073.040311 ] }, { "date": "2024-06-14", "close": 2920.275879, "volume": 3019270, "typical_volume": 3928173.8, "trend": 3089.890658, "fair_value": 2901.511922, "relative_strength": -8.069101, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.394106, "energy": 70.090077, "activity_lines": [ 2950.924414, 3000.928294, 3027.220182, 3062.049009 ] }, { "date": "2024-06-21", "close": 3012.221436, "volume": 3629942, "typical_volume": 3965827.65, "trend": 3091.272469, "fair_value": 2905.359018, "relative_strength": -6.067094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.038762, "energy": 61.404279, "activity_lines": [ 2964.249837, 2999.919234, 3021.958974, 3057.038091 ] }, { "date": "2024-06-28", "close": 3008.223877, "volume": 3634617, "typical_volume": 3939850.25, "trend": 3091.754948, "fair_value": 2909.090853, "relative_strength": -5.208386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.605787, "energy": 40.088271, "activity_lines": [ 2978.241569, 2997.447794, 3017.237851, 3051.680118 ] }, { "date": "2024-07-05", "close": 3146.142578, "volume": 3389793, "typical_volume": 3951755.05, "trend": 3094.070117, "fair_value": 2912.893666, "relative_strength": -1.283049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.000938, "energy": 8.918792, "activity_lines": [ 3039.005746, 3019.752979, 3026.563134, 3055.188997 ] }, { "date": "2024-07-12", "close": 3186.118652, "volume": 3024218, "typical_volume": 3936982.3, "trend": 3096.585343, "fair_value": 2916.696635, "relative_strength": -0.670212, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.135159, "energy": 27.33439, "activity_lines": [ 3098.970264, 3047.900204, 3040.012055, 3061.127612 ] }, { "date": "2024-07-19", "close": 3218.099854, "volume": 2415941, "typical_volume": 3723545.7, "trend": 3097.235482, "fair_value": 2920.250034, "relative_strength": 1.415611, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.778203, "energy": 36.061912, "activity_lines": [ 3153.471387, 3080.363073, 3057.065844, 3068.967258 ] }, { "date": "2024-07-26", "close": 3248.082275, "volume": 2365153, "typical_volume": 3675570.8, "trend": 3099.251424, "fair_value": 2924.002033, "relative_strength": 0.673252, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.226328, "energy": 57.341023, "activity_lines": [ 3198.111719, 3117.613809, 3076.420666, 3078.699309 ] }, { "date": "2024-08-02", "close": 3164.131836, "volume": 2181395, "typical_volume": 3574743.75, "trend": 3099.368343, "fair_value": 2927.516803, "relative_strength": -0.690584, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.652115, "energy": 57.686852, "activity_lines": [ 3199.044515, 3135.857586, 3087.040176, 3082.885142 ] }, { "date": "2024-08-09", "close": 3184.120117, "volume": 1977939, "typical_volume": 3484123.4, "trend": 3097.153792, "fair_value": 2930.910009, "relative_strength": -0.065964, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.969018, "energy": 48.384277, "activity_lines": [ 3196.246208, 3155.118963, 3098.790055, 3088.352998 ] }, { "date": "2024-08-16", "close": 3226.095215, "volume": 2283891, "typical_volume": 3474672.25, "trend": 3097.47089, "fair_value": 2934.361004, "relative_strength": -0.566598, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.315005, "energy": 40.14242, "activity_lines": [ 3204.907764, 3177.469398, 3113.997428, 3096.6718 ] }, { "date": "2024-08-23", "close": 3212.103516, "volume": 2547120, "typical_volume": 3378490.3, "trend": 3098.487394, "fair_value": 2937.792737, "relative_strength": -1.2649, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.2517, "energy": 39.050309, "activity_lines": [ 3206.240316, 3192.151642, 3127.013286, 3104.067453 ] }, { "date": "2024-08-30", "close": 3537.910889, "volume": 3692171, "typical_volume": 3335803.3, "trend": 3109.564738, "fair_value": 2943.86359, "relative_strength": 7.899337, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.65062, "energy": 75.361368, "activity_lines": [ 3316.575082, 3260.765634, 3169.752171, 3132.417356 ] }, { "date": "2024-09-06", "close": 3607.869629, "volume": 3601406, "typical_volume": 3307941.6, "trend": 3123.173893, "fair_value": 2950.555764, "relative_strength": 12.29313, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.954988, "energy": 90.402392, "activity_lines": [ 3430.90752, 3332.541406, 3216.457865, 3164.566059 ] }, { "date": "2024-09-13", "close": 3661.837891, "volume": 3255880, "typical_volume": 3210848.5, "trend": 3138.148983, "fair_value": 2957.971637, "relative_strength": 12.313304, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.425779, "energy": 94.341316, "activity_lines": [ 3533.646859, 3403.22694, 3265.369496, 3199.318575 ] }, { "date": "2024-09-20", "close": 3573.889893, "volume": 5152257, "typical_volume": 3328699.05, "trend": 3147.161418, "fair_value": 2964.958194, "relative_strength": 9.895276, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.065872, "energy": 88.037028, "activity_lines": [ 3575.222347, 3448.54565, 3303.075872, 3227.430891 ] }, { "date": "2024-09-27", "close": 3553.901611, "volume": 3013972, "typical_volume": 3363628.2, "trend": 3162.235856, "fair_value": 2972.245587, "relative_strength": 7.863287, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.478864, "energy": 86.67479, "activity_lines": [ 3586.948763, 3483.179741, 3336.639445, 3253.672194 ] }, { "date": "2024-10-04", "close": 3481.944336, "volume": 3224743, "typical_volume": 3371372.45, "trend": 3175.211483, "fair_value": 2979.206166, "relative_strength": 6.056416, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.072031, "energy": 73.795236, "activity_lines": [ 3551.902881, 3498.625204, 3361.577119, 3274.298548 ] }, { "date": "2024-10-11", "close": 3463.954834, "volume": 5062519, "typical_volume": 3445657.25, "trend": 3190.618522, "fair_value": 2985.270323, "relative_strength": 5.716129, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.583634, "energy": 52.908404, "activity_lines": [ 3514.591602, 3506.547812, 3382.707506, 3292.927151 ] }, { "date": "2024-10-18", "close": 3573.889893, "volume": 4776998, "typical_volume": 3272080.75, "trend": 3207.391789, "fair_value": 2991.629434, "relative_strength": 7.50268, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.271324, "energy": 47.619625, "activity_lines": [ 3523.519662, 3529.007284, 3412.19486, 3317.654336 ] }, { "date": "2024-10-25", "close": 3469.951416, "volume": 2626474, "typical_volume": 3243784.95, "trend": 3221.533138, "fair_value": 2996.573181, "relative_strength": 5.638814, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.095279, "energy": 35.937647, "activity_lines": [ 3503.664762, 3525.482129, 3428.737491, 3334.593667 ] }, { "date": "2024-11-01", "close": 3423.978271, "volume": 3301913, "typical_volume": 3257917.1, "trend": 3237.739355, "fair_value": 3001.030153, "relative_strength": 5.021793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.155736, "energy": 30.030973, "activity_lines": [ 3475.414713, 3509.164471, 3438.398442, 3347.654643 ] }, { "date": "2024-11-08", "close": 3473.948975, "volume": 4016516, "typical_volume": 3277245.8, "trend": 3254.478784, "fair_value": 3005.333668, "relative_strength": 7.762031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.97368, "energy": 28.301306, "activity_lines": [ 3472.483122, 3498.080127, 3450.419925, 3362.893974 ] }, { "date": "2024-11-15", "close": 3422.178711, "volume": 2398608, "typical_volume": 3215445.35, "trend": 3268.826367, "fair_value": 3009.105788, "relative_strength": 6.107172, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.289085, "energy": 20.367248, "activity_lines": [ 3452.8278, 3478.745952, 3455.312205, 3373.713324 ] }, { "date": "2024-11-22", "close": 3494.140381, "volume": 4601576, "typical_volume": 3276034.5, "trend": 3283.041244, "fair_value": 3013.352007, "relative_strength": 5.602579, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.243205, "energy": 19.398016, "activity_lines": [ 3459.944775, 3475.871915, 3465.086763, 3388.249712 ] }, { "date": "2024-11-29", "close": 3556.107422, "volume": 4942999, "typical_volume": 3371973.55, "trend": 3298.122591, "fair_value": 3017.867391, "relative_strength": 6.986774, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.078075, "energy": 35.253061, "activity_lines": [ 3493.034066, 3487.313659, 3479.105812, 3405.866885 ] }, { "date": "2024-12-06", "close": 3586.091553, "volume": 4050700, "typical_volume": 3453711.5, "trend": 3311.605363, "fair_value": 3021.928293, "relative_strength": 7.4868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.379253, "energy": 43.650496, "activity_lines": [ 3530.374333, 3504.53038, 3494.218641, 3424.445527 ] }, { "date": "2024-12-13", "close": 3518.127686, "volume": 3743653, "typical_volume": 3522636.5, "trend": 3327.469491, "fair_value": 3026.123385, "relative_strength": 5.488041, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.476895, "energy": 44.99223, "activity_lines": [ 3534.252425, 3508.804763, 3501.106379, 3437.769548 ] }, { "date": "2024-12-20", "close": 3266.261719, "volume": 7637715, "typical_volume": 3795452.5, "trend": 3335.67098, "fair_value": 3028.486251, "relative_strength": 0.604522, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -1.842922, "energy": 6.874227, "activity_lines": [ 3451.229948, 3466.627455, 3482.720952, 3433.82066 ] }, { "date": "2024-12-27", "close": 3310.238281, "volume": 1572544, "typical_volume": 3775182.75, "trend": 3348.203345, "fair_value": 3031.233467, "relative_strength": 1.172542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -3.983032, "energy": 14.532825, "activity_lines": [ 3393.260791, 3436.040306, 3468.037436, 3432.17984 ] }, { "date": "2025-01-03", "close": 3264.262451, "volume": 1225959, "typical_volume": 3722286.15, "trend": 3358.870036, "fair_value": 3034.45431, "relative_strength": -1.065929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -30.862071, "energy": 36.258258, "activity_lines": [ 3332.226497, 3401.88758, 3448.374707, 3426.764299 ] }, { "date": "2025-01-10", "close": 3280.25415, "volume": 2761301, "typical_volume": 3732995.2, "trend": 3370.869312, "fair_value": 3038.232267, "relative_strength": -0.740332, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.024914, "energy": 46.265964, "activity_lines": [ 3295.979101, 3374.382235, 3430.053248, 3421.692306 ] }, { "date": "2025-01-17", "close": 3436.171143, "volume": 3064297, "typical_volume": 3701601.5, "trend": 3385.000968, "fair_value": 3042.836814, "relative_strength": 0.970613, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.817003, "energy": 40.413367, "activity_lines": [ 3332.093197, 3377.838601, 3426.2565, 3425.905328 ] }, { "date": "2025-01-24", "close": 3380.201172, "volume": 5049172, "typical_volume": 3773989.8, "trend": 3397.400212, "fair_value": 3046.666393, "relative_strength": -0.549805, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.316825, "energy": 23.529546, "activity_lines": [ 3355.014404, 3371.805478, 3417.613753, 3425.595663 ] }, { "date": "2025-01-31", "close": 3446.165771, "volume": 4366237, "typical_volume": 3829507.65, "trend": 3407.400985, "fair_value": 3051.347813, "relative_strength": -0.501764, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -2.976163, "energy": 5.271349, "activity_lines": [ 3392.327848, 3378.529146, 3416.337485, 3428.741828 ] }, { "date": "2025-02-07", "close": 3372.205322, "volume": 2748824, "typical_volume": 3709336.0, "trend": 3413.603874, "fair_value": 3055.760018, "relative_strength": -2.770119, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.913407, "energy": 10.826913, "activity_lines": [ 3395.925976, 3372.677725, 3409.044374, 3426.471141 ] }, { "date": "2025-02-14", "close": 3434.172363, "volume": 2620581, "typical_volume": 3689666.45, "trend": 3420.806291, "fair_value": 3060.255711, "relative_strength": -1.235161, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.577519, "energy": 8.483943, "activity_lines": [ 3412.983594, 3381.436714, 3408.613289, 3427.79814 ] }, { "date": "2025-02-21", "close": 3364.209473, "volume": 3165648, "typical_volume": 3686711.7, "trend": 3424.677197, "fair_value": 3064.149253, "relative_strength": -2.240824, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.683425, "energy": 16.513818, "activity_lines": [ 3396.459033, 3380.237345, 3402.089211, 3424.146732 ] }, { "date": "2025-02-28", "close": 3366.208496, "volume": 5374844, "typical_volume": 3702327.95, "trend": 3431.413086, "fair_value": 3067.8123, "relative_strength": -3.750829, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.172725, "energy": 17.487287, "activity_lines": [ 3385.398258, 3382.199947, 3396.316159, 3420.374558 ] }, { "date": "2025-03-07", "close": 3074.364014, "volume": 7174743, "typical_volume": 3822215.2, "trend": 3427.754549, "fair_value": 3069.847858, "relative_strength": -10.566204, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -77.391688, "energy": 59.564718, "activity_lines": [ 3277.988835, 3329.282702, 3363.213852, 3397.339134 ] }, { "date": "2025-03-14", "close": 2942.434082, "volume": 5942605, "typical_volume": 3988021.75, "trend": 3418.299178, "fair_value": 3070.211742, "relative_strength": -13.732715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.990629, "energy": 82.674054, "activity_lines": [ 3151.389551, 3256.666819, 3319.925485, 3366.028136 ] }, { "date": "2025-03-21", "close": 2978.414795, "volume": 6441904, "typical_volume": 4145021.3, "trend": 3410.509554, "fair_value": 3070.742245, "relative_strength": -12.642587, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.807422, "energy": 90.371002, "activity_lines": [ 3065.435254, 3196.444309, 3282.575839, 3337.648498 ] }, { "date": "2025-03-28", "close": 2972.417969, "volume": 3392303, "typical_volume": 4113810.65, "trend": 3391.65979, "fair_value": 3070.645245, "relative_strength": -12.771396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.87865, "energy": 90.816108, "activity_lines": [ 3007.865853, 3140.619456, 3246.776799, 3309.384525 ] }, { "date": "2025-04-04", "close": 3008.398926, "volume": 4993065, "typical_volume": 4243533.5, "trend": 3371.677433, "fair_value": 3070.010547, "relative_strength": -5.106529, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.534683, "energy": 86.984065, "activity_lines": [ 2988.409538, 3099.76847, 3216.792758, 3284.658018 ] }, { "date": "2025-04-11", "close": 3000.403076, "volume": 7156552, "typical_volume": 4371282.3, "trend": 3349.629606, "fair_value": 3069.619123, "relative_strength": -4.303401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.889358, "energy": 76.805001, "activity_lines": [ 2990.141911, 3064.223735, 3188.017589, 3260.704833 ] }, { "date": "2025-04-18", "close": 2286.782959, "volume": 9743906, "typical_volume": 4611327.65, "trend": 3306.726042, "fair_value": 3064.544363, "relative_strength": -29.455877, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.543324, "energy": 80.442643, "activity_lines": [ 2758.931641, 2907.034664, 3093.629728, 3192.134082 ] }, { "date": "2025-04-25", "close": 2290.780762, "volume": 6501074, "typical_volume": 4733846.35, "trend": 3264.622013, "fair_value": 3059.360771, "relative_strength": -30.145909, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.012267, "energy": 89.37276, "activity_lines": [ 2572.764046, 2770.307418, 3005.667013, 3126.589225 ] }, { "date": "2025-05-02", "close": 2378.733887, "volume": 6174994, "typical_volume": 4855413.4, "trend": 3227.848332, "fair_value": 3055.221195, "relative_strength": -28.635762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.629409, "energy": 89.915586, "activity_lines": [ 2461.756429, 2670.360587, 2932.248933, 3069.435153 ] }, { "date": "2025-05-09", "close": 2462.689209, "volume": 4599694, "typical_volume": 4703512.35, "trend": 3194.472811, "fair_value": 3052.234469, "relative_strength": -25.427196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.689448, "energy": 87.12681, "activity_lines": [ 2418.312858, 2603.596098, 2872.252282, 3020.070048 ] }, { "date": "2025-05-16", "close": 2518.659424, "volume": 3790948, "typical_volume": 4814432.55, "trend": 3159.298462, "fair_value": 3050.353143, "relative_strength": -24.60453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.161063, "energy": 82.126199, "activity_lines": [ 2429.906673, 2563.435636, 2821.412664, 2976.469184 ] }, { "date": "2025-05-23", "close": 2375.259277, "volume": 9031617, "typical_volume": 5204715.45, "trend": 3122.808724, "fair_value": 3047.277223, "relative_strength": -28.847098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.244239, "energy": 66.261646, "activity_lines": [ 2425.816683, 2507.306139, 2760.685312, 2925.886011 ] }, { "date": "2025-05-30", "close": 2375.259277, "volume": 4263179, "typical_volume": 5279809.35, "trend": 3087.851424, "fair_value": 3044.50228, "relative_strength": -28.98944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.952347, "energy": 63.173227, "activity_lines": [ 2415.828271, 2461.488912, 2704.191309, 2877.657014 ] }, { "date": "2025-06-06", "close": 2273.29126, "volume": 4783090, "typical_volume": 5365749.0, "trend": 3047.8295, "fair_value": 3042.194353, "relative_strength": -32.200092, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.18563, "energy": 66.635671, "activity_lines": [ 2366.21862, 2408.098509, 2642.295565, 2825.104746 ] }, { "date": "2025-06-13", "close": 2283.288086, "volume": 4043013, "typical_volume": 5315441.05, "trend": 3009.86648, "fair_value": 3040.26429, "relative_strength": -31.651562, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.13234, "energy": 66.062623, "activity_lines": [ 2326.970752, 2369.237105, 2586.889423, 2775.779493 ] }, { "date": "2025-06-20", "close": 2271.291748, "volume": 7080363, "typical_volume": 5451147.35, "trend": 2969.104858, "fair_value": 3037.892318, "relative_strength": -31.04731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.754319, "energy": 65.4158, "activity_lines": [ 2295.68418, 2341.378382, 2535.564168, 2728.129511 ] }, { "date": "2025-06-27", "close": 2343.269531, "volume": 5089324, "typical_volume": 5568172.35, "trend": 2928.676929, "fair_value": 3035.507861, "relative_strength": -28.684628, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.385415, "energy": 60.703141, "activity_lines": [ 2304.88138, 2339.863099, 2496.688579, 2687.753038 ] }, { "date": "2025-07-04", "close": 2339.270508, "volume": 4198108, "typical_volume": 5647048.7, "trend": 2887.116227, "fair_value": 3032.207646, "relative_strength": -28.564589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.47754, "energy": 55.362963, "activity_lines": [ 2314.878223, 2336.593692, 2462.331824, 2649.726817 ] }, { "date": "2025-07-11", "close": 2299.282959, "volume": 3526734, "typical_volume": 5665103.0, "trend": 2846.48807, "fair_value": 3028.254069, "relative_strength": -30.248064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.283536, "energy": 52.44633, "activity_lines": [ 2313.945133, 2325.17219, 2429.38055, 2611.80209 ] }, { "date": "2025-07-18", "close": 2303.281982, "volume": 2729868, "typical_volume": 5532854.2, "trend": 2814.388745, "fair_value": 3023.532059, "relative_strength": -30.017691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.214981, "energy": 61.724055, "activity_lines": [ 2312.612272, 2315.922345, 2401.881214, 2576.756536 ] }, { "date": "2025-07-25", "close": 2315.278076, "volume": 3901647, "typical_volume": 5369199.4, "trend": 2781.223405, "fair_value": 3018.707643, "relative_strength": -30.134919, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.667769, "energy": 65.097987, "activity_lines": [ 2313.945182, 2311.751922, 2380.585918, 2544.555848 ] }, { "date": "2025-08-01", "close": 2239.301758, "volume": 4085908, "typical_volume": 5276364.55, "trend": 2747.058049, "fair_value": 3013.498659, "relative_strength": -31.534539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.634859, "energy": 73.046049, "activity_lines": [ 2287.020231, 2297.465465, 2355.669477, 2509.593161 ] }, { "date": "2025-08-08", "close": 2267.292969, "volume": 5140760, "typical_volume": 5211307.35, "trend": 2713.292676, "fair_value": 3008.065666, "relative_strength": -30.363381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.193252, "energy": 69.998596, "activity_lines": [ 2276.356869, 2290.740274, 2336.767114, 2478.640575 ] }, { "date": "2025-08-15", "close": 2279.289307, "volume": 2966184, "typical_volume": 5190001.4, "trend": 2674.729948, "fair_value": 3002.536673, "relative_strength": -29.802599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.952762, "energy": 54.766346, "activity_lines": [ 2274.490788, 2288.15926, 2322.393555, 2450.640358 ] }, { "date": "2025-08-22", "close": 2383.256836, "volume": 3132362, "typical_volume": 5096966.25, "trend": 2641.49847, "fair_value": 2997.866253, "relative_strength": -27.527592, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.783808, "energy": 41.896459, "activity_lines": [ 2308.61346, 2304.372377, 2321.222277, 2431.835641 ] }, { "date": "2025-08-29", "close": 2501.219971, "volume": 5687254, "typical_volume": 5023501.35, "trend": 2610.000277, "fair_value": 2995.757866, "relative_strength": -22.193615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.269078, "energy": 11.403232, "activity_lines": [ 2376.725521, 2340.215723, 2334.262451, 2422.785415 ] }, { "date": "2025-09-05", "close": 2587.193359, "volume": 5868659, "typical_volume": 4829739.0, "trend": 2583.833211, "fair_value": 2993.777945, "relative_strength": -18.989447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 18.562034, "energy": 31.386152, "activity_lines": [ 2461.099251, 2387.510081, 2357.867629, 2421.314001 ] }, { "date": "2025-09-12", "close": 2495.222168, "volume": 7566631, "typical_volume": 4883016.85, "trend": 2552.534871, "fair_value": 2992.24587, "relative_strength": -21.747064, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 4.056068, "energy": 31.823401, "activity_lines": [ 2491.623145, 2413.647425, 2371.283121, 2415.59716 ] }, { "date": "2025-09-19", "close": 2419.24585, "volume": 6170703, "typical_volume": 4882802.3, "trend": 2521.036084, "fair_value": 2990.630207, "relative_strength": -22.839496, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 4.250529, "energy": 29.653126, "activity_lines": [ 2481.626318, 2423.135409, 2376.489242, 2406.997868 ] }, { "date": "2025-09-26", "close": 2335.271973, "volume": 4416082, "typical_volume": 4873621.7, "trend": 2486.671533, "fair_value": 2987.925525, "relative_strength": -25.322799, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -12.624461, "energy": 20.434716, "activity_lines": [ 2434.307764, 2415.174272, 2373.504936, 2395.013087 ] }, { "date": "2025-10-03", "close": 2489.223877, "volume": 5974420, "typical_volume": 4982795.3, "trend": 2467.166862, "fair_value": 2986.681591, "relative_strength": -21.421652, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": 4.571555, "energy": 8.238442, "activity_lines": [ 2441.505501, 2434.622754, 2385.789466, 2395.177754 ] }, { "date": "2025-10-10", "close": 2437.23999, "volume": 2757901, "typical_volume": 4669109.5, "trend": 2450.327059, "fair_value": 2984.96995, "relative_strength": -21.815979, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -9.657807, "energy": 9.617607, "activity_lines": [ 2432.175016, 2441.456969, 2393.263319, 2393.246988 ] }, { "date": "2025-10-17", "close": 2437.23999, "volume": 3479321, "typical_volume": 4629916.6, "trend": 2432.287899, "fair_value": 2983.341559, "relative_strength": -20.433691, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 7.230581, "energy": 7.998696, "activity_lines": [ 2432.841422, 2444.692307, 2400.442025, 2392.402661 ] }, { "date": "2025-10-24", "close": 2435.240723, "volume": 3834052, "typical_volume": 4582464.7, "trend": 2414.381991, "fair_value": 2980.835842, "relative_strength": -22.128255, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.24638, "energy": 11.282357, "activity_lines": [ 2436.706885, 2444.474197, 2407.135178, 2392.593166 ] }, { "date": "2025-10-31", "close": 2311.279541, "volume": 3429857, "typical_volume": 4551806.9, "trend": 2391.144678, "fair_value": 2977.080836, "relative_strength": -25.84191, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.702627, "energy": 11.795189, "activity_lines": [ 2398.185628, 2418.882209, 2401.251317, 2385.941395 ] }, { "date": "2025-11-07", "close": 2209.311035, "volume": 3943124, "typical_volume": 4394944.95, "trend": 2364.774943, "fair_value": 2972.460862, "relative_strength": -27.986607, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.895148, "energy": 30.173637, "activity_lines": [ 2327.274365, 2376.059171, 2385.522877, 2374.210192 ] }, { "date": "2025-11-14", "close": 2177.517334, "volume": 5318340, "typical_volume": 4406395.75, "trend": 2361.132756, "fair_value": 2967.040421, "relative_strength": -28.268382, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.893923, "energy": 53.492638, "activity_lines": [ 2264.426058, 2332.762895, 2367.061612, 2362.129056 ] }, { "date": "2025-11-21", "close": 2125.528809, "volume": 4574389, "typical_volume": 4425209.8, "trend": 2355.624357, "fair_value": 2960.812816, "relative_strength": -27.930125, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -78.302362, "energy": 79.577714, "activity_lines": [ 2201.563086, 2287.462815, 2344.438355, 2346.928801 ] }, { "date": "2025-11-28", "close": 2163.520508, "volume": 3788022, "typical_volume": 4438274.2, "trend": 2348.450578, "fair_value": 2955.148951, "relative_strength": -27.069457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.031862, "energy": 79.936079, "activity_lines": [ 2172.144759, 2255.792014, 2326.451172, 2334.535005 ] }, { "date": "2025-12-05", "close": 2151.523193, "volume": 3231791, "typical_volume": 4463370.35, "trend": 2338.078377, "fair_value": 2949.581089, "relative_strength": -26.099008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.596941, "energy": 79.887874, "activity_lines": [ 2156.842008, 2226.589435, 2307.967876, 2321.830012 ] }, { "date": "2025-12-12", "close": 2149.523438, "volume": 6278521, "typical_volume": 4582214.05, "trend": 2325.773844, "fair_value": 2945.089113, "relative_strength": -25.067824, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.383454, "energy": 76.873834, "activity_lines": [ 2151.523096, 2200.364151, 2290.016788, 2309.665177 ] }, { "date": "2025-12-19", "close": 2093.535889, "volume": 7046550, "typical_volume": 4730246.15, "trend": 2316.383065, "fair_value": 2940.71855, "relative_strength": -27.954128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.409508, "energy": 69.231284, "activity_lines": [ 2131.527507, 2170.135685, 2267.52286, 2294.682083 ] }, { "date": "2025-12-26", "close": 2079.539063, "volume": 1721211, "typical_volume": 4559268.7, "trend": 2306.525724, "fair_value": 2936.379944, "relative_strength": -27.311439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.213896, "energy": 66.664949, "activity_lines": [ 2112.465072, 2143.611506, 2244.390024, 2279.401825 ] }, { "date": "2026-01-02", "close": 2063.54248, "volume": 3236085, "typical_volume": 4572763.75, "trend": 2299.534098, "fair_value": 2931.035812, "relative_strength": -27.542065, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.426014, "energy": 75.047176, "activity_lines": [ 2091.136426, 2120.682511, 2220.627771, 2263.725487 ] }, { "date": "2026-01-09", "close": 2083.538086, "volume": 6556441, "typical_volume": 4743967.7, "trend": 2292.875765, "fair_value": 2925.371571, "relative_strength": -27.15438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.437439, "energy": 68.663098, "activity_lines": [ 2083.138184, 2108.14723, 2199.797226, 2249.79026 ] }, { "date": "2026-01-16", "close": 2073.540283, "volume": 6466883, "typical_volume": 4782949.15, "trend": 2286.28405, "fair_value": 2919.937829, "relative_strength": -27.29107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.588504, "energy": 67.399405, "activity_lines": [ 2076.339681, 2097.934921, 2179.441742, 2235.639584 ] }, { "date": "2026-01-23", "close": 2057.543945, "volume": 3865353, "typical_volume": 4682783.85, "trend": 2276.759863, "fair_value": 2914.055725, "relative_strength": -26.206612, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.078184, "energy": 55.809468, "activity_lines": [ 2069.274609, 2087.282746, 2159.599368, 2220.882158 ] }, { "date": "2026-01-30", "close": 2047.546143, "volume": 4075155, "typical_volume": 4508210.05, "trend": 2267.035718, "fair_value": 2907.283399, "relative_strength": -26.122239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.28068, "energy": 54.894857, "activity_lines": [ 2061.2764, 2076.994123, 2141.326961, 2206.094176 ] }, { "date": "2026-02-06", "close": 2149.523438, "volume": 6747678, "typical_volume": 4537058.8, "trend": 2262.043734, "fair_value": 2901.824399, "relative_strength": -22.546342, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.275952, "energy": 39.862526, "activity_lines": [ 2089.403483, 2086.664693, 2134.898469, 2198.512738 ] }, { "date": "2026-02-13", "close": 2131.527588, "volume": 6741353, "typical_volume": 4653322.35, "trend": 2256.318587, "fair_value": 2895.852985, "relative_strength": -22.707052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.151681, "energy": 31.903195, "activity_lines": [ 2105.799886, 2093.317782, 2128.040479, 2190.092342 ] }, { "date": "2026-02-20", "close": 2133.5271, "volume": 4206213, "typical_volume": 4564912.0, "trend": 2250.260221, "fair_value": 2890.233808, "relative_strength": -23.320622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.690471, "energy": 23.806544, "activity_lines": [ 2119.663493, 2100.697976, 2122.343129, 2182.170311 ] }, { "date": "2026-02-27", "close": 2193.513672, "volume": 6282750, "typical_volume": 4741154.45, "trend": 2248.733952, "fair_value": 2885.473065, "relative_strength": -21.734357, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.009067, "energy": 22.067732, "activity_lines": [ 2149.523503, 2119.275662, 2124.052581, 2178.509243 ] }, { "date": "2026-03-13", "close": 2303.489502, "volume": 8085841, "typical_volume": 4971480.45, "trend": 2249.940503, "fair_value": 2881.474933, "relative_strength": -11.751903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.68953, "energy": 24.935421, "activity_lines": [ 2206.977474, 2156.031175, 2137.396523, 2182.041859 ] }, { "date": "2026-03-20", "close": 2189.514648, "volume": 6372312, "typical_volume": 5098393.45, "trend": 2246.948014, "fair_value": 2876.458006, "relative_strength": -12.423152, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.001727, "energy": 20.390441, "activity_lines": [ 2209.376937, 2167.992161, 2140.522624, 2178.143417 ] }, { "date": "2026-03-27", "close": 2163.520508, "volume": 6540704, "typical_volume": 5253935.8, "trend": 2239.62347, "fair_value": 2871.005479, "relative_strength": -13.04404, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.605521, "energy": 19.762701, "activity_lines": [ 2200.445605, 2172.936537, 2142.343216, 2172.760997 ] }, { "date": "2026-04-03", "close": 2253.500488, "volume": 4116791, "typical_volume": 5262619.15, "trend": 2231.366154, "fair_value": 2865.873579, "relative_strength": -12.63987, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.245161, "energy": 20.541375, "activity_lines": [ 2219.374739, 2192.786683, 2153.436946, 2173.656288 ] }, { "date": "2026-04-10", "close": 2351.47876, "volume": 5909209, "typical_volume": 5292162.6, "trend": 2223.509001, "fair_value": 2861.28009, "relative_strength": -9.182047, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.038353, "energy": 38.167229, "activity_lines": [ 2262.965072, 2227.179057, 2173.651513, 2181.405489 ] }, { "date": "2026-04-17", "close": 2357.477539, "volume": 5800991, "typical_volume": 5353492.7, "trend": 2218.917513, "fair_value": 2856.468889, "relative_strength": -8.399874, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.276089, "energy": 54.079933, "activity_lines": [ 2298.023991, 2257.317849, 2193.609004, 2190.04862 ] }, { "date": "2026-04-24", "close": 2446.457764, "volume": 7058706, "typical_volume": 5517026.9, "trend": 2219.824577, "fair_value": 2851.581257, "relative_strength": -1.982972, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.980329, "energy": 70.797797, "activity_lines": [ 2359.143783, 2297.999747, 2220.936285, 2204.728636 ] }, { "date": "2026-05-01", "close": 2428.46167, "volume": 3322570, "typical_volume": 5521565.85, "trend": 2222.9309, "fair_value": 2846.885662, "relative_strength": -2.265101, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 46.546233, "energy": 73.312701, "activity_lines": [ 2397.135335, 2330.010822, 2245.202332, 2218.189094 ] }, { "date": "2026-05-08", "close": 2369.474854, "volume": 3829815, "typical_volume": 5399130.55, "trend": 2218.939266, "fair_value": 2841.754312, "relative_strength": -3.069005, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 65.256585, "energy": 75.988286, "activity_lines": [ 2397.801872, 2345.89822, 2262.531833, 2227.643543 ] }, { "date": "2026-05-15", "close": 2331.483154, "volume": 6399897, "typical_volume": 5366797.9, "trend": 2215.414038, "fair_value": 2836.296169, "relative_strength": -3.812153, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.465022, "energy": 65.911679, "activity_lines": [ 2378.072884, 2350.588077, 2275.195688, 2234.904439 ] }, { "date": "2026-05-22", "close": 2386.0, "volume": 3882309, "typical_volume": 5474852.8, "trend": 2213.706038, "fair_value": 2831.498412, "relative_strength": -3.627179, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.406917, "energy": 45.70148, "activity_lines": [ 2377.849219, 2362.681552, 2291.918542, 2245.909985 ] }, { "date": "2026-05-29", "close": 2354.0, "volume": 7997120, "typical_volume": 5712904.55, "trend": 2210.998014, "fair_value": 2826.13044, "relative_strength": -4.037753, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.550411, "energy": 32.673495, "activity_lines": [ 2365.057389, 2367.456654, 2304.134439, 2254.961208 ] }, { "date": "2026-06-05", "close": 2470.0, "volume": 1331775, "typical_volume": 5451671.25, "trend": 2216.288696, "fair_value": 2821.749449, "relative_strength": 1.360284, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.422638, "energy": 45.530383, "activity_lines": [ 2397.096077, 2390.332022, 2326.014824, 2271.671013 ] }, { "date": "2026-06-12", "close": 2538.0, "volume": 2147396, "typical_volume": 5235696.9, "trend": 2227.244995, "fair_value": 2818.355189, "relative_strength": 3.245841, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.703553, "energy": 61.751365, "activity_lines": [ 2449.03221, 2419.998673, 2352.531105, 2292.426581 ] }, { "date": "2026-06-19", "close": 2474.0, "volume": 4722554, "typical_volume": 5278556.95, "trend": 2237.127751, "fair_value": 2814.621128, "relative_strength": 1.855701, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.238677, "energy": 69.035379, "activity_lines": [ 2468.4, 2432.856241, 2370.740434, 2308.346259 ] }, { "date": "2026-06-26", "close": 2636.0, "volume": 815461, "typical_volume": 5115572.25, "trend": 2254.143457, "fair_value": 2812.450742, "relative_strength": 7.101074, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.626706, "energy": 86.448326, "activity_lines": [ 2532.266667, 2472.940696, 2402.395211, 2334.079953 ] }, { "date": "2026-07-03", "close": 2690.0, "volume": 564826, "typical_volume": 4806429.65, "trend": 2271.692773, "fair_value": 2810.485599, "relative_strength": 7.672446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.279216, "energy": 92.992714, "activity_lines": [ 2597.466667, 2517.779288, 2436.390684, 2362.19973 ] }, { "date": "2026-07-10", "close": 2688.0, "volume": 6286845, "typical_volume": 4783704.25, "trend": 2289.575334, "fair_value": 2809.30186, "relative_strength": 9.536404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.263407, "energy": 90.91875, "activity_lines": [ 2639.6, 2557.826203, 2467.621983, 2389.05826 ] }, { "date": "2026-07-17", "close": 2796.0, "volume": 3163888, "typical_volume": 4731588.0, "trend": 2311.124552, "fair_value": 2809.290808, "relative_strength": 12.767983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.4159, "energy": 94.783621, "activity_lines": [ 2703.2, 2612.790603, 2506.489128, 2421.73082 ] }, { "date": "2026-07-24", "close": 2758.0, "volume": 3541065, "typical_volume": 4594503.75, "trend": 2333.273356, "fair_value": 2808.632647, "relative_strength": 9.821672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.44115, "energy": 89.543446, "activity_lines": [ 2736.933333, 2653.090909, 2538.582592, 2450.561494 ] }, { "date": "2026-07-31", "close": 2802.0, "volume": 4680939, "typical_volume": 4424258.65, "trend": 2357.355387, "fair_value": 2808.064387, "relative_strength": 10.183759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.552926, "energy": 86.371436, "activity_lines": [ 2766.4, 2693.636364, 2572.178502, 2480.801922 ] }, { "date": "2026-08-07", "close": 2870.0, "volume": 4799702, "typical_volume": 4345628.15, "trend": 2384.237305, "fair_value": 2808.617364, "relative_strength": 12.365132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.188043, "energy": 85.70279, "activity_lines": [ 2807.466667, 2738.981818, 2609.876743, 2513.875768 ] } ], "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." } } }