{ "ticker": { "uuid": "7716eba8-1347-48c2-9299-dfc87f773aa3", "symbol": "ARD", "name": "Arad Ltd.", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "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": -67.918, "architecture_energy": 67.153, "architecture_maturity": 100.0, "architecture_confidence": 90.0, "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": 4.54, "rotation_up": 29.82, "upward_expansion": 12.0, "deceleration": 60.95, "rotation_down": 58.52, "downward_expansion": 87.67 }, "activity_lines": [ 52.482, 53.784739, 1235.77607, 2127.985343 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 51.73, "trend_reference": 3187.827366, "distance_from_trend": -0.983773, "trend_direction": "Weakening", "fair_value": 4871.061434, "distance_from_fair_value": -0.98938, "fair_value_direction": "Weakening", "relative_strength": -98.89293, "relative_strength_direction": "Weakening", "price_momentum": -0.989951, "excess_performance": -1.018852, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.983773, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.350234, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.98938, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.857549, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.988929, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.652166, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.989951, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.823084, "read": "Demand-led" } ], "volume": { "latest": 177193, "relative_activity": 2.0331, "balance": 1.823084, "dry_up": 0.980835, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 10.184247, "annualized_volatility": 6.307513, "from_high_reference": -0.991378, "from_low_reference": 0.024356 }, "levels": { "trend_reference": 3187.827366, "fair_value_reference": 4871.061434, "structural_low": 50.5, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 24, "median_return": -0.003186, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.015782, "regime_survival": 0.833333, "best_return": 0.132288, "worst_return": -0.988286, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.049752, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": -0.012904, "regime_survival": 0.5, "best_return": 0.213308, "worst_return": -0.987388, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.037555, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.079173, "regime_survival": 0.2, "best_return": 0.30664, "worst_return": -0.988989, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.00886, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.143626, "regime_survival": 0.333333, "best_return": 0.349215, "worst_return": -0.027009, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-01-17", "tenure": "Developing", "return": 0.051115, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-24", "end": "2025-02-07", "tenure": "New", "return": -0.015664, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-07", "tenure": "New", "return": -0.03334, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-03-21", "tenure": "New", "return": 0.00426, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.048279, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.099896, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-16", "tenure": "New", "return": 0.044592, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-07-25", "tenure": "Developing", "return": 0.000652, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-01", "end": "2025-08-08", "tenure": "New", "return": -0.048719, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-08-15", "end": "2025-08-22", "tenure": "New", "return": 0.082454, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-29", "end": "2025-09-05", "tenure": "New", "return": -0.011534, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-10-31", "tenure": "Developing", "return": -0.104088, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-12-26", "tenure": "Developing", "return": 0.003138, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-08-07", "tenure": "Extended", "return": -0.989961, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6141.457031, "volume": 209010, "typical_volume": 113331.25, "trend": 4881.963867, "fair_value": 4659.662651, "relative_strength": 29.899845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.214732, "energy": 54.05115, "activity_lines": [ 5871.080892, 5838.611053, 5572.88232, 5260.282667 ] }, { "date": "2023-08-25", "close": 5797.487305, "volume": 131447, "typical_volume": 117986.8, "trend": 4936.004427, "fair_value": 4670.37403, "relative_strength": 21.141356, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.735647, "energy": 44.660237, "activity_lines": [ 5857.01543, 5836.047621, 5626.184912, 5319.348695 ] }, { "date": "2023-09-01", "close": 5999.469727, "volume": 56415, "typical_volume": 117234.45, "trend": 4993.011735, "fair_value": 4681.918795, "relative_strength": 24.13466, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.598478, "energy": 49.513308, "activity_lines": [ 5923.67627, 5868.553871, 5690.71818, 5387.959359 ] }, { "date": "2023-09-08", "close": 5999.469727, "volume": 112553, "typical_volume": 115330.45, "trend": 5054.118327, "fair_value": 4693.19443, "relative_strength": 24.62888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.459541, "energy": 51.817241, "activity_lines": [ 5966.005925, 5897.405895, 5746.298166, 5452.892133 ] }, { "date": "2023-09-15", "close": 5899.478516, "volume": 91002, "typical_volume": 117672.0, "trend": 5110.59209, "fair_value": 4703.90599, "relative_strength": 20.560489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.129567, "energy": 43.803638, "activity_lines": [ 5948.674154, 5903.896245, 5784.611207, 5507.4315 ] }, { "date": "2023-09-22", "close": 5942.474609, "volume": 64931, "typical_volume": 117183.95, "trend": 5167.932487, "fair_value": 4716.719429, "relative_strength": 19.626048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.456933, "energy": 42.268608, "activity_lines": [ 5940.341537, 5915.695197, 5820.232162, 5561.10134 ] }, { "date": "2023-09-29", "close": 5998.469727, "volume": 32886, "typical_volume": 110780.55, "trend": 5232.238509, "fair_value": 4728.821683, "relative_strength": 21.018874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.669716, "energy": 40.623099, "activity_lines": [ 5963.939453, 5936.566087, 5854.884643, 5614.684388 ] }, { "date": "2023-10-06", "close": 6028.467285, "volume": 25430, "typical_volume": 107876.35, "trend": 5292.445329, "fair_value": 4740.135817, "relative_strength": 21.688418, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.702124, "energy": 39.098986, "activity_lines": [ 5984.137728, 5962.891078, 5886.663998, 5666.053986 ] }, { "date": "2023-10-13", "close": 5756.491211, "volume": 107458, "typical_volume": 111765.1, "trend": 5345.719255, "fair_value": 4747.514996, "relative_strength": 23.287413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.730265, "energy": 26.883021, "activity_lines": [ 5911.744141, 5932.602868, 5886.277581, 5695.99243 ] }, { "date": "2023-10-20", "close": 5633.501953, "volume": 71845, "typical_volume": 107232.95, "trend": 5393.660433, "fair_value": 4753.497027, "relative_strength": 22.953658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.189514, "energy": 14.602986, "activity_lines": [ 5814.552702, 5877.189577, 5869.352567, 5714.559056 ] }, { "date": "2023-10-27", "close": 5695.496582, "volume": 141704, "typical_volume": 100064.55, "trend": 5450.23361, "fair_value": 4761.363103, "relative_strength": 28.191815, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.316787, "energy": 12.871173, "activity_lines": [ 5755.75791, 5836.429554, 5855.40619, 5734.032356 ] }, { "date": "2023-11-03", "close": 5761.490723, "volume": 1358027, "typical_volume": 163919.25, "trend": 5505.073942, "fair_value": 4769.588141, "relative_strength": 22.43658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.764538, "energy": 15.498899, "activity_lines": [ 5735.426367, 5815.776838, 5847.611647, 5754.11346 ] }, { "date": "2023-11-10", "close": 5660.499512, "volume": 113445, "typical_volume": 165608.9, "trend": 5556.447917, "fair_value": 4775.307492, "relative_strength": 18.143849, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.667063, "energy": 13.403172, "activity_lines": [ 5697.229688, 5777.416566, 5829.937012, 5764.140916 ] }, { "date": "2023-11-17", "close": 5812.486328, "volume": 59503, "typical_volume": 159602.65, "trend": 5604.422933, "fair_value": 4781.168085, "relative_strength": 19.233678, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.49575, "energy": 9.490899, "activity_lines": [ 5734.226465, 5772.853356, 5827.394397, 5780.659523 ] }, { "date": "2023-11-24", "close": 5814.48584, "volume": 113323, "typical_volume": 156237.3, "trend": 5649.098519, "fair_value": 4788.207742, "relative_strength": 13.679822, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.533393, "energy": 6.12873, "activity_lines": [ 5768.156738, 5772.053391, 5824.837465, 5794.211969 ] }, { "date": "2023-12-01", "close": 5573.507324, "volume": 54621, "typical_volume": 153932.55, "trend": 5680.909001, "fair_value": 4793.183622, "relative_strength": 9.942785, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.541597, "energy": 5.996516, "activity_lines": [ 5709.695247, 5728.984473, 5799.077841, 5789.335117 ] }, { "date": "2023-12-08", "close": 5837.483887, "volume": 75279, "typical_volume": 152895.4, "trend": 5715.65306, "fair_value": 4799.537667, "relative_strength": 12.811793, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.61573, "energy": 10.961058, "activity_lines": [ 5747.358561, 5740.619789, 5799.925379, 5799.436723 ] }, { "date": "2023-12-15", "close": 5533.510742, "volume": 55048, "typical_volume": 149124.1, "trend": 5742.997526, "fair_value": 4805.852733, "relative_strength": 5.343622, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.205555, "energy": 18.287172, "activity_lines": [ 5678.631283, 5699.914276, 5772.589693, 5787.685606 ] }, { "date": "2023-12-22", "close": 5510.512695, "volume": 34614, "typical_volume": 147566.6, "trend": 5768.575586, "fair_value": 4811.065596, "relative_strength": 3.024329, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.353369, "energy": 33.178938, "activity_lines": [ 5610.703906, 5664.026509, 5743.544627, 5772.686584 ] }, { "date": "2023-12-29", "close": 5477.515625, "volume": 59740, "typical_volume": 148414.05, "trend": 5783.855339, "fair_value": 4814.708452, "relative_strength": 1.905055, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.163361, "energy": 44.884665, "activity_lines": [ 5551.909082, 5626.611612, 5711.804562, 5753.908522 ] }, { "date": "2024-01-05", "close": 5819.485352, "volume": 51860, "typical_volume": 140556.55, "trend": 5788.92155, "fair_value": 4822.344054, "relative_strength": 6.545877, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -42.332627, "energy": 32.582142, "activity_lines": [ 5629.568848, 5654.209144, 5714.26147, 5756.207233 ] }, { "date": "2024-01-12", "close": 5910.477539, "volume": 113391, "typical_volume": 139653.75, "trend": 5795.720947, "fair_value": 4830.204095, "relative_strength": 8.537588, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.187638, "energy": 9.176678, "activity_lines": [ 5721.160807, 5696.096369, 5726.917499, 5764.049555 ] }, { "date": "2024-01-19", "close": 5795.487793, "volume": 55651, "typical_volume": 139615.55, "trend": 5795.620964, "fair_value": 4836.916917, "relative_strength": 7.16625, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -23.463872, "energy": 13.647278, "activity_lines": [ 5769.556608, 5714.367516, 5728.084075, 5764.034513 ] }, { "date": "2024-01-26", "close": 6029.466797, "volume": 42101, "typical_volume": 136092.95, "trend": 5804.286865, "fair_value": 4844.706681, "relative_strength": 11.558097, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.924145, "energy": 21.330242, "activity_lines": [ 5878.480274, 5772.725968, 5752.505708, 5779.121341 ] }, { "date": "2024-02-02", "close": 5982.471191, "volume": 99281, "typical_volume": 136506.9, "trend": 5811.652881, "fair_value": 4851.688959, "relative_strength": 10.580012, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.147087, "energy": 28.029949, "activity_lines": [ 5937.141797, 5818.594664, 5772.308726, 5790.617104 ] }, { "date": "2024-02-09", "close": 6093.461426, "volume": 79257, "typical_volume": 137223.2, "trend": 5818.718929, "fair_value": 4857.107895, "relative_strength": 11.078565, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.322909, "energy": 40.669593, "activity_lines": [ 5999.136361, 5881.589125, 5802.28704, 5808.7983 ] }, { "date": "2024-02-16", "close": 6151.456055, "volume": 49297, "typical_volume": 138043.75, "trend": 5823.818473, "fair_value": 4865.237489, "relative_strength": 9.611957, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 65.907545, "energy": 60.650033, "activity_lines": [ 6062.197396, 5945.674352, 5837.069666, 5830.265211 ] }, { "date": "2024-02-23", "close": 6163.455078, "volume": 69388, "typical_volume": 140241.65, "trend": 5841.450244, "fair_value": 4874.225771, "relative_strength": 6.275823, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.72896, "energy": 58.476789, "activity_lines": [ 6113.192871, 6006.232635, 5872.26655, 5852.17725 ] }, { "date": "2024-03-01", "close": 6182.453613, "volume": 31084, "typical_volume": 136422.95, "trend": 5860.715218, "fair_value": 4882.69504, "relative_strength": 4.264657, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.481816, "energy": 57.588575, "activity_lines": [ 6145.990039, 6058.791664, 5908.63002, 5874.177468 ] }, { "date": "2024-03-08", "close": 6062.463867, "volume": 74661, "typical_volume": 136563.75, "trend": 5868.814502, "fair_value": 4891.343522, "relative_strength": 2.140669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.861095, "energy": 47.138156, "activity_lines": [ 6128.591504, 6077.317267, 5931.537502, 5887.19351 ] }, { "date": "2024-03-15", "close": 5878.480469, "volume": 30957, "typical_volume": 131026.4, "trend": 5860.048617, "fair_value": 4898.57553, "relative_strength": 1.493849, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.143634, "energy": 24.358435, "activity_lines": [ 6044.532324, 6051.755922, 5934.88008, 5887.81712 ] }, { "date": "2024-03-22", "close": 5612.503906, "volume": 200301, "typical_volume": 73140.1, "trend": 5853.882503, "fair_value": 4904.833064, "relative_strength": -8.038432, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.804442, "energy": 11.238038, "activity_lines": [ 5886.146354, 5976.762562, 5912.020206, 5871.846494 ] }, { "date": "2024-03-29", "close": 5201.540039, "volume": 102018, "typical_volume": 72568.75, "trend": 5827.284847, "fair_value": 4907.302788, "relative_strength": -15.576626, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -36.386642, "energy": 33.659753, "activity_lines": [ 5626.702572, 5832.466202, 5850.730376, 5829.759883 ] }, { "date": "2024-04-05", "close": 4852.570801, "volume": 219270, "typical_volume": 80557.1, "trend": 5789.054883, "fair_value": 4907.759806, "relative_strength": -19.305618, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.722691, "energy": 75.743481, "activity_lines": [ 5315.063379, 5635.51994, 5758.390902, 5766.875106 ] }, { "date": "2024-04-12", "close": 4739.581055, "volume": 338957, "typical_volume": 91838.8, "trend": 5750.391634, "fair_value": 4907.94109, "relative_strength": -20.736518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.655512, "energy": 88.353628, "activity_lines": [ 5054.419792, 5439.428196, 5659.861526, 5699.167117 ] }, { "date": "2024-04-19", "close": 4907.566406, "volume": 162563, "typical_volume": 97235.9, "trend": 5715.894694, "fair_value": 4908.443062, "relative_strength": -17.049495, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.531359, "energy": 85.25188, "activity_lines": [ 4937.963509, 5296.477246, 5582.449349, 5644.791296 ] }, { "date": "2024-04-26", "close": 4790.57666, "volume": 201731, "typical_volume": 103558.5, "trend": 5675.631592, "fair_value": 4909.893204, "relative_strength": -19.511755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.494509, "energy": 86.817454, "activity_lines": [ 4847.238249, 5153.817161, 5497.066439, 5585.093358 ] }, { "date": "2024-05-03", "close": 5002.557617, "volume": 1416179, "typical_volume": 171615.05, "trend": 5641.434603, "fair_value": 4913.061045, "relative_strength": -16.583241, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.259506, "energy": 78.000452, "activity_lines": [ 4881.968457, 5074.442329, 5436.857464, 5541.669231 ] }, { "date": "2024-05-10", "close": 4865.569824, "volume": 46084, "typical_volume": 172188.55, "trend": 5611.737223, "fair_value": 4915.261049, "relative_strength": -21.34793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.184468, "energy": 57.069522, "activity_lines": [ 4884.301562, 4991.267853, 5366.13038, 5491.613439 ] }, { "date": "2024-05-17", "close": 4781.577148, "volume": 42312, "typical_volume": 171317.15, "trend": 5583.33973, "fair_value": 4917.050797, "relative_strength": -21.804138, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.250208, "energy": 55.856982, "activity_lines": [ 4857.770508, 4916.765323, 5290.475151, 5438.054724 ] }, { "date": "2024-05-24", "close": 4528.599609, "volume": 54012, "typical_volume": 171424.75, "trend": 5544.443164, "fair_value": 4915.32214, "relative_strength": -25.238786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.125169, "energy": 60.335174, "activity_lines": [ 4744.113867, 4819.555726, 5194.040816, 5370.006974 ] }, { "date": "2024-05-31", "close": 4905.566406, "volume": 96660, "typical_volume": 170588.2, "trend": 5515.912353, "fair_value": 4917.365907, "relative_strength": -20.060087, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.505581, "energy": 50.136084, "activity_lines": [ 4781.377278, 4815.428835, 5139.655155, 5328.789119 ] }, { "date": "2024-06-07", "close": 4500.602051, "volume": 273288, "typical_volume": 181470.05, "trend": 5477.249105, "fair_value": 4917.403333, "relative_strength": -24.976739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.07707, "energy": 56.256189, "activity_lines": [ 4675.986588, 4750.52547, 5051.486751, 5263.285229 ] }, { "date": "2024-06-14", "close": 4538.598633, "volume": 18038, "typical_volume": 180266.9, "trend": 5434.786182, "fair_value": 4916.729461, "relative_strength": -24.776328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.812482, "energy": 61.132531, "activity_lines": [ 4616.72513, 4705.274902, 4973.103192, 5202.727134 ] }, { "date": "2024-06-21", "close": 4589.594238, "volume": 60165, "typical_volume": 178311.1, "trend": 5393.956462, "fair_value": 4917.254038, "relative_strength": -22.741809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.360858, "energy": 57.538105, "activity_lines": [ 4596.260286, 4675.004847, 4906.67573, 5148.198621 ] }, { "date": "2024-06-28", "close": 4500.602051, "volume": 142507, "typical_volume": 181473.6, "trend": 5358.192952, "fair_value": 4917.233783, "relative_strength": -24.044142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.555754, "energy": 77.398044, "activity_lines": [ 4558.930241, 4631.281427, 4838.405569, 5090.562853 ] }, { "date": "2024-07-05", "close": 4540.598633, "volume": 33881, "typical_volume": 180702.8, "trend": 5314.963444, "fair_value": 4918.206897, "relative_strength": -24.431884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.904679, "energy": 77.136266, "activity_lines": [ 4536.798893, 4602.229466, 4781.52965, 5037.814832 ] }, { "date": "2024-07-12", "close": 4715.583008, "volume": 23009, "typical_volume": 178383.85, "trend": 5287.699186, "fair_value": 4921.519315, "relative_strength": -23.022845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.377707, "energy": 52.092082, "activity_lines": [ 4597.326856, 4609.5379, 4748.98966, 4999.145127 ] }, { "date": "2024-07-19", "close": 4941.562988, "volume": 19337, "typical_volume": 177796.5, "trend": 5268.734196, "fair_value": 4925.357503, "relative_strength": -17.913632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.962958, "energy": 35.203268, "activity_lines": [ 4718.849414, 4663.151323, 4744.866202, 4976.813759 ] }, { "date": "2024-07-26", "close": 4869.569336, "volume": 15211, "typical_volume": 174824.0, "trend": 5248.46932, "fair_value": 4929.016167, "relative_strength": -18.849336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.003242, "energy": 24.789448, "activity_lines": [ 4789.509798, 4702.293297, 4739.795208, 4951.061187 ] }, { "date": "2024-08-02", "close": 4579.595215, "volume": 51271, "typical_volume": 175839.7, "trend": 5207.139648, "fair_value": 4929.213899, "relative_strength": -20.890849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.874103, "energy": 27.663412, "activity_lines": [ 4744.847135, 4687.112846, 4712.788081, 4907.908019 ] }, { "date": "2024-08-09", "close": 4625.591309, "volume": 46476, "typical_volume": 168148.45, "trend": 5164.310107, "fair_value": 4929.373235, "relative_strength": -20.583402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.572104, "energy": 21.835265, "activity_lines": [ 4710.250293, 4679.368129, 4696.346703, 4870.388772 ] }, { "date": "2024-08-16", "close": 4730.582031, "volume": 15983, "typical_volume": 163846.7, "trend": 5128.813249, "fair_value": 4929.833897, "relative_strength": -20.166176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.404881, "energy": 21.05155, "activity_lines": [ 4704.98418, 4695.80309, 4694.604025, 4842.406315 ] }, { "date": "2024-08-23", "close": 4802.575684, "volume": 42467, "typical_volume": 155006.55, "trend": 5087.916878, "fair_value": 4931.134158, "relative_strength": -18.3555, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.509535, "energy": 21.935002, "activity_lines": [ 4722.716016, 4721.146351, 4701.960542, 4821.35873 ] }, { "date": "2024-08-30", "close": 4807.575195, "volume": 116757, "typical_volume": 143896.55, "trend": 5048.753678, "fair_value": 4932.005055, "relative_strength": -19.390739, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.52094, "energy": 13.068387, "activity_lines": [ 4751.380176, 4742.599032, 4710.031276, 4803.27217 ] }, { "date": "2024-09-06", "close": 4869.569336, "volume": 173061, "typical_volume": 144421.45, "trend": 5007.957275, "fair_value": 4932.908065, "relative_strength": -16.993984, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.867028, "energy": 10.894189, "activity_lines": [ 4804.841992, 4771.360085, 4723.682431, 4791.71189 ] }, { "date": "2024-09-13", "close": 4784.577148, "volume": 143392, "typical_volume": 141504.5, "trend": 4962.394645, "fair_value": 4933.214988, "relative_strength": -17.261145, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.895013, "energy": 13.408038, "activity_lines": [ 4810.641471, 4777.959517, 4729.420031, 4777.300269 ] }, { "date": "2024-09-20", "close": 4661.587891, "volume": 37539, "typical_volume": 72572.5, "trend": 4912.332406, "fair_value": 4932.605347, "relative_strength": -16.265667, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.470723, "energy": 10.715586, "activity_lines": [ 4764.845475, 4757.761293, 4723.472938, 4757.893381 ] }, { "date": "2024-09-27", "close": 4830.572754, "volume": 10837, "typical_volume": 70810.15, "trend": 4867.26971, "fair_value": 4933.226337, "relative_strength": -17.093469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.310817, "energy": 5.204017, "activity_lines": [ 4779.977376, 4769.269318, 4735.243306, 4752.618565 ] }, { "date": "2024-10-04", "close": 4816.574219, "volume": 39486, "typical_volume": 70668.85, "trend": 4825.740055, "fair_value": 4934.879078, "relative_strength": -16.67172, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.039063, "energy": 5.649496, "activity_lines": [ 4788.576628, 4780.25016, 4745.847133, 4749.347888 ] }, { "date": "2024-10-11", "close": 4869.569336, "volume": 130394, "typical_volume": 74487.95, "trend": 4792.109684, "fair_value": 4936.185825, "relative_strength": -15.146672, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.478796, "energy": 12.520836, "activity_lines": [ 4814.240983, 4801.830025, 4761.331462, 4752.175584 ] }, { "date": "2024-10-18", "close": 4890.567871, "volume": 16084, "typical_volume": 70459.15, "trend": 4768.04515, "fair_value": 4938.376972, "relative_strength": -15.883751, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.947063, "energy": 31.354364, "activity_lines": [ 4846.90485, 4821.955549, 4777.191985, 4758.527725 ] }, { "date": "2024-10-25", "close": 4999.558105, "volume": 11874, "typical_volume": 57388.45, "trend": 4761.312419, "fair_value": 4940.228597, "relative_strength": -13.984572, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.685783, "energy": 56.306592, "activity_lines": [ 4908.832747, 4857.079723, 4803.503953, 4773.464045 ] }, { "date": "2024-11-01", "close": 5144.54541, "volume": 84807, "typical_volume": 60726.9, "trend": 4771.044906, "fair_value": 4944.349002, "relative_strength": -12.767378, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.381997, "energy": 74.229556, "activity_lines": [ 4996.558398, 4913.674751, 4841.248254, 4798.188754 ] }, { "date": "2024-11-08", "close": 5065.552246, "volume": 82425, "typical_volume": 61839.9, "trend": 4781.910612, "fair_value": 4947.347825, "relative_strength": -14.463879, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.574258, "energy": 73.772462, "activity_lines": [ 5037.021484, 4949.689755, 4868.583936, 4817.189227 ] }, { "date": "2024-11-15", "close": 5330.528809, "volume": 51535, "typical_volume": 57291.3, "trend": 4796.009359, "fair_value": 4951.039084, "relative_strength": -10.820262, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.245483, "energy": 86.444855, "activity_lines": [ 5149.211556, 5029.191824, 4918.889014, 4852.58395 ] }, { "date": "2024-11-22", "close": 5492.514648, "volume": 69884, "typical_volume": 59091.45, "trend": 4819.407292, "fair_value": 4955.819981, "relative_strength": -7.214176, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.179026, "energy": 91.390607, "activity_lines": [ 5284.666276, 5129.764782, 4980.669282, 4897.519775 ] }, { "date": "2024-11-29", "close": 4961.561523, "volume": 93407, "typical_volume": 62611.35, "trend": 4818.040755, "fair_value": 4958.261143, "relative_strength": -15.655174, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.677772, "energy": 56.773143, "activity_lines": [ 5203.006836, 5120.929217, 4987.349653, 4906.691016 ] }, { "date": "2024-12-06", "close": 5099.549316, "volume": 400088, "typical_volume": 81648.9, "trend": 4825.840072, "fair_value": 4960.631974, "relative_strength": -14.942178, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.247514, "energy": 44.874574, "activity_lines": [ 5169.876432, 5131.728276, 5006.000393, 4924.852858 ] }, { "date": "2024-12-13", "close": 5061.552734, "volume": 43646, "typical_volume": 83070.65, "trend": 4835.172591, "fair_value": 4961.624937, "relative_strength": -15.411394, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.744838, "energy": 29.779757, "activity_lines": [ 5127.080241, 5130.728382, 5020.280094, 4940.060127 ] }, { "date": "2024-12-20", "close": 5066.552246, "volume": 42534, "typical_volume": 82633.8, "trend": 4853.104346, "fair_value": 4962.976782, "relative_strength": -15.950684, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.664849, "energy": 21.321315, "activity_lines": [ 5086.217187, 5126.183336, 5034.121733, 4954.987846 ] }, { "date": "2024-12-27", "close": 4932.563965, "volume": 264038, "typical_volume": 93511.9, "trend": 4854.004264, "fair_value": 4962.937819, "relative_strength": -18.158029, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.878663, "energy": 17.522691, "activity_lines": [ 5018.289811, 5093.695277, 5032.88374, 4960.114273 ] }, { "date": "2025-01-03", "close": 5096.549316, "volume": 291615, "typical_volume": 107293.5, "trend": 4873.869173, "fair_value": 4963.841102, "relative_strength": -16.014602, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.234117, "energy": 16.677412, "activity_lines": [ 5042.354264, 5090.259171, 5045.801625, 4975.762341 ] }, { "date": "2025-01-10", "close": 5240.536621, "volume": 152790, "typical_volume": 112809.65, "trend": 4897.267106, "fair_value": 4963.937087, "relative_strength": -14.229421, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.321741, "energy": 21.538268, "activity_lines": [ 5105.415299, 5111.239098, 5070.689885, 4999.418306 ] }, { "date": "2025-01-17", "close": 5325.529297, "volume": 32382, "typical_volume": 108590.9, "trend": 4921.798275, "fair_value": 4966.192834, "relative_strength": -14.747849, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.473515, "energy": 33.69254, "activity_lines": [ 5187.408073, 5145.926944, 5101.587158, 5027.048124 ] }, { "date": "2025-01-24", "close": 5170.542969, "volume": 111606, "typical_volume": 105518.15, "trend": 4944.129639, "fair_value": 4968.134384, "relative_strength": -16.163649, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.623352, "energy": 34.839032, "activity_lines": [ 5200.1403, 5147.708603, 5115.25738, 5043.096169 ] }, { "date": "2025-01-31", "close": 5102.548828, "volume": 39203, "typical_volume": 100308.7, "trend": 4962.861312, "fair_value": 4969.678523, "relative_strength": -14.119549, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.677165, "energy": 31.311825, "activity_lines": [ 5183.275098, 5140.036523, 5121.018762, 5053.316762 ] }, { "date": "2025-02-07", "close": 5089.550293, "volume": 146075, "typical_volume": 105735.5, "trend": 4975.326888, "fair_value": 4971.126524, "relative_strength": -15.501355, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.456478, "energy": 23.446314, "activity_lines": [ 5150.744727, 5137.091362, 5124.028037, 5061.490245 ] }, { "date": "2025-02-14", "close": 4978.560059, "volume": 179807, "typical_volume": 114184.0, "trend": 4976.560124, "fair_value": 4971.914316, "relative_strength": -16.17131, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.895785, "energy": 8.169823, "activity_lines": [ 5081.684212, 5111.639089, 5114.428897, 5061.698836 ] }, { "date": "2025-02-21", "close": 4992.558594, "volume": 107559, "typical_volume": 117587.65, "trend": 4980.659766, "fair_value": 4973.964596, "relative_strength": -15.602992, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.85153, "energy": 11.071435, "activity_lines": [ 5034.754981, 5090.931809, 5105.45825, 5062.730996 ] }, { "date": "2025-02-28", "close": 5039.554688, "volume": 49413, "typical_volume": 113538.6, "trend": 4995.991748, "fair_value": 4975.143379, "relative_strength": -12.445531, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.51633, "energy": 13.361333, "activity_lines": [ 5025.68916, 5080.023713, 5100.1254, 5066.530668 ] }, { "date": "2025-03-07", "close": 4812.574707, "volume": 45955, "typical_volume": 115032.15, "trend": 5002.224528, "fair_value": 4975.783576, "relative_strength": -15.482359, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -28.266856, "energy": 34.690744, "activity_lines": [ 4949.695899, 5028.337394, 5072.365955, 5054.697311 ] }, { "date": "2025-03-14", "close": 4929.564453, "volume": 39248, "typical_volume": 116400.85, "trend": 5008.857275, "fair_value": 4977.513359, "relative_strength": -14.112975, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.851884, "energy": 33.827175, "activity_lines": [ 4932.030827, 5000.10356, 5056.119787, 5050.009564 ] }, { "date": "2025-03-21", "close": 4950.5625, "volume": 113919, "typical_volume": 117856.45, "trend": 5013.790169, "fair_value": 4979.294434, "relative_strength": -12.801951, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.0279, "energy": 31.279177, "activity_lines": [ 4932.030827, 4978.723642, 5042.206736, 5046.248611 ] }, { "date": "2025-03-28", "close": 5053.553223, "volume": 102272, "typical_volume": 118848.8, "trend": 5021.989437, "fair_value": 4980.992319, "relative_strength": -9.099879, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -19.738664, "energy": 17.993894, "activity_lines": [ 4968.227572, 4981.341566, 5039.026053, 5048.813969 ] }, { "date": "2025-04-04", "close": 4809.574707, "volume": 89826, "typical_volume": 120763.35, "trend": 5019.989616, "fair_value": 4982.337446, "relative_strength": -12.639089, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -31.425201, "energy": 21.187136, "activity_lines": [ 4919.031836, 4944.54478, 5012.66646, 5035.109793 ] }, { "date": "2025-04-11", "close": 4814.574219, "volume": 54509, "typical_volume": 119994.6, "trend": 5020.989518, "fair_value": 4984.765613, "relative_strength": -11.084019, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.161563, "energy": 22.4313, "activity_lines": [ 4886.834603, 4915.220055, 4989.263744, 5021.857187 ] }, { "date": "2025-04-18", "close": 5295.531738, "volume": 43757, "typical_volume": 117512.1, "trend": 5042.12098, "fair_value": 4989.206621, "relative_strength": -4.704697, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -10.610075, "energy": 7.003358, "activity_lines": [ 5014.823242, 4978.578054, 5014.894794, 5039.569588 ] }, { "date": "2025-04-25", "close": 5269.53418, "volume": 195261, "typical_volume": 107270.75, "trend": 5056.753027, "fair_value": 4993.134919, "relative_strength": -5.476117, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 9.161341, "energy": 10.697658, "activity_lines": [ 5109.74821, 5033.464107, 5036.459552, 5054.241407 ] }, { "date": "2025-05-02", "close": 5159.543945, "volume": 25625, "typical_volume": 106369.7, "trend": 5068.185352, "fair_value": 4996.992594, "relative_strength": -7.430407, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.969303, "energy": 17.658306, "activity_lines": [ 5146.744987, 5063.061497, 5046.739597, 5060.873079 ] }, { "date": "2025-05-09", "close": 5403.522461, "volume": 61385, "typical_volume": 107312.25, "trend": 5085.983789, "fair_value": 5004.080444, "relative_strength": -7.093558, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.171742, "energy": 35.92518, "activity_lines": [ 5258.001888, 5133.98252, 5079.789067, 5082.507732 ] }, { "date": "2025-05-16", "close": 5504.513184, "volume": 64112, "typical_volume": 97315.95, "trend": 5106.448633, "fair_value": 5012.251449, "relative_strength": -4.854381, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 70.706112, "energy": 68.054882, "activity_lines": [ 5363.325846, 5216.647896, 5120.852081, 5109.509628 ] }, { "date": "2025-05-23", "close": 5321.529785, "volume": 14648, "typical_volume": 83467.6, "trend": 5117.181022, "fair_value": 5017.948558, "relative_strength": -6.549077, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.213051, "energy": 60.187567, "activity_lines": [ 5361.659408, 5253.462864, 5141.764537, 5123.385831 ] }, { "date": "2025-05-30", "close": 5348.0, "volume": 15515, "typical_volume": 76603.85, "trend": 5123.962842, "fair_value": 5023.514148, "relative_strength": -9.45683, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.548542, "energy": 56.377491, "activity_lines": [ 5367.083171, 5287.963956, 5164.12663, 5138.277378 ] }, { "date": "2025-06-06", "close": 5406.0, "volume": 10984, "typical_volume": 75533.95, "trend": 5135.3111, "fair_value": 5030.903527, "relative_strength": -9.337228, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.766243, "energy": 48.660203, "activity_lines": [ 5386.609212, 5325.784366, 5191.500802, 5156.473324 ] }, { "date": "2025-06-13", "close": 5136.0, "volume": 142652, "typical_volume": 77086.25, "trend": 5128.826807, "fair_value": 5036.812093, "relative_strength": -12.267424, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.185266, "energy": 21.605037, "activity_lines": [ 5299.70485, 5308.105744, 5192.777495, 5156.517769 ] }, { "date": "2025-06-20", "close": 5448.0, "volume": 36320, "typical_volume": 76942.1, "trend": 5127.342985, "fair_value": 5044.265612, "relative_strength": -11.222029, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.337205, "energy": 26.926487, "activity_lines": [ 5334.635319, 5341.219389, 5223.932964, 5177.109588 ] }, { "date": "2025-06-27", "close": 5197.0, "volume": 145634, "typical_volume": 76920.05, "trend": 5135.190934, "fair_value": 5050.462659, "relative_strength": -17.00502, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 34.74577, "energy": 17.770815, "activity_lines": [ 5289.666667, 5317.179838, 5229.538665, 5181.603589 ] }, { "date": "2025-07-04", "close": 5457.0, "volume": 94394, "typical_volume": 72649.4, "trend": 5147.105957, "fair_value": 5058.070006, "relative_strength": -16.055547, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.217115, "energy": 22.53766, "activity_lines": [ 5339.666667, 5342.204501, 5259.394606, 5202.365464 ] }, { "date": "2025-07-11", "close": 5159.0, "volume": 47121, "typical_volume": 69627.5, "trend": 5150.354199, "fair_value": 5061.645671, "relative_strength": -20.957279, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.768368, "energy": 15.824184, "activity_lines": [ 5283.066667, 5309.638876, 5258.591309, 5203.132822 ] }, { "date": "2025-07-18", "close": 5045.0, "volume": 29731, "typical_volume": 68643.4, "trend": 5149.635791, "fair_value": 5064.657205, "relative_strength": -20.932107, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 11.952471, "energy": 10.585634, "activity_lines": [ 5204.933333, 5256.355868, 5246.138291, 5196.335777 ] }, { "date": "2025-07-25", "close": 5325.0, "volume": 52597, "typical_volume": 68975.5, "trend": 5162.716992, "fair_value": 5068.720149, "relative_strength": -16.825468, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.447417, "energy": 14.957086, "activity_lines": [ 5226.2, 5260.500542, 5260.326009, 5207.649597 ] }, { "date": "2025-08-01", "close": 5193.0, "volume": 64264, "typical_volume": 70226.3, "trend": 5165.932015, "fair_value": 5071.014026, "relative_strength": -17.905807, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.238384, "energy": 11.297314, "activity_lines": [ 5211.666667, 5243.909091, 5259.502179, 5209.603339 ] }, { "date": "2025-08-08", "close": 4940.0, "volume": 106095, "typical_volume": 69835.1, "trend": 5155.914128, "fair_value": 5071.455379, "relative_strength": -19.339643, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.886345, "energy": 23.035615, "activity_lines": [ 5113.066667, 5183.654545, 5233.328655, 5195.02708 ] }, { "date": "2025-08-15", "close": 5021.0, "volume": 43656, "typical_volume": 66904.3, "trend": 5145.763151, "fair_value": 5073.037648, "relative_strength": -18.428246, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.301243, "energy": 27.495054, "activity_lines": [ 5075.933333, 5145.545455, 5214.919715, 5186.322943 ] }, { "date": "2025-08-22", "close": 5435.0, "volume": 103119, "typical_volume": 67568.95, "trend": 5154.578385, "fair_value": 5077.350674, "relative_strength": -12.199525, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 25.631624, "energy": 13.477225, "activity_lines": [ 5186.0, 5189.709091, 5236.094362, 5204.983385 ] }, { "date": "2025-08-29", "close": 5722.0, "volume": 89281, "typical_volume": 69307.55, "trend": 5175.226758, "fair_value": 5082.817668, "relative_strength": -9.405013, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.637488, "energy": 35.529299, "activity_lines": [ 5365.733333, 5280.618182, 5281.624126, 5241.591231 ] }, { "date": "2025-09-05", "close": 5656.0, "volume": 69801, "typical_volume": 70609.75, "trend": 5194.108415, "fair_value": 5089.265184, "relative_strength": -9.302854, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.843244, "energy": 48.049867, "activity_lines": [ 5497.0, 5354.545455, 5316.547101, 5272.608859 ] }, { "date": "2025-09-12", "close": 5822.0, "volume": 62459, "typical_volume": 63969.65, "trend": 5222.223079, "fair_value": 5097.789444, "relative_strength": -7.632578, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.82426, "energy": 66.746336, "activity_lines": [ 5652.733333, 5450.309091, 5365.563084, 5313.117994 ] }, { "date": "2025-09-19", "close": 5372.0, "volume": 45109, "typical_volume": 64943.85, "trend": 5234.871126, "fair_value": 5104.037958, "relative_strength": -12.300937, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.287722, "energy": 58.429094, "activity_lines": [ 5599.666667, 5457.618182, 5369.091134, 5322.781021 ] }, { "date": "2025-09-26", "close": 5351.0, "volume": 19781, "typical_volume": 62863.65, "trend": 5245.252637, "fair_value": 5110.401812, "relative_strength": -12.567751, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.196345, "energy": 37.925808, "activity_lines": [ 5516.2, 5457.236364, 5369.607489, 5330.273206 ] }, { "date": "2025-10-03", "close": 5405.0, "volume": 19083, "typical_volume": 60612.2, "trend": 5265.000146, "fair_value": 5117.489959, "relative_strength": -15.740755, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.750779, "energy": 20.151743, "activity_lines": [ 5456.333333, 5461.109091, 5375.516809, 5340.579488 ] }, { "date": "2025-10-10", "close": 5600.0, "volume": 11189, "typical_volume": 60439.25, "trend": 5287.347998, "fair_value": 5124.956465, "relative_strength": -14.217208, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.07132, "energy": 19.414593, "activity_lines": [ 5482.6, 5498.981818, 5400.471429, 5362.192382 ] }, { "date": "2025-10-17", "close": 5517.0, "volume": 16457, "typical_volume": 60486.35, "trend": 5306.229248, "fair_value": 5131.621739, "relative_strength": -13.312628, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.723372, "energy": 17.254397, "activity_lines": [ 5484.933333, 5514.363636, 5416.195238, 5377.00864 ] }, { "date": "2025-10-24", "close": 5274.0, "volume": 35172, "typical_volume": 61695.75, "trend": 5313.577474, "fair_value": 5136.472954, "relative_strength": -16.279901, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 24.521926, "energy": 11.413896, "activity_lines": [ 5426.6, 5475.072727, 5407.971429, 5374.929334 ] }, { "date": "2025-10-31", "close": 5216.0, "volume": 36794, "typical_volume": 56402.85, "trend": 5327.124984, "fair_value": 5142.400838, "relative_strength": -18.491056, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.512203, "energy": 9.646395, "activity_lines": [ 5355.466667, 5420.636364, 5394.852381, 5368.634013 ] }, { "date": "2025-11-07", "close": 5098.0, "volume": 431217, "typical_volume": 76147.7, "trend": 5336.57251, "fair_value": 5146.495574, "relative_strength": -21.251725, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.062806, "energy": 19.36207, "activity_lines": [ 5254.0, 5348.727273, 5370.114286, 5353.851756 ] }, { "date": "2025-11-14", "close": 5406.0, "volume": 77412, "typical_volume": 72736.6, "trend": 5340.254785, "fair_value": 5152.936401, "relative_strength": -18.255238, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.493245, "energy": 14.125142, "activity_lines": [ 5275.666667, 5344.163636, 5376.37619, 5358.330949 ] }, { "date": "2025-11-21", "close": 5163.0, "volume": 100784, "typical_volume": 73056.1, "trend": 5336.703646, "fair_value": 5156.480027, "relative_strength": -19.470315, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.669983, "energy": 25.388913, "activity_lines": [ 5229.266667, 5299.963636, 5358.5, 5346.895156 ] }, { "date": "2025-11-28", "close": 5477.0, "volume": 74776, "typical_volume": 74438.85, "trend": 5347.285514, "fair_value": 5160.953328, "relative_strength": -14.866819, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.706459, "energy": 6.453187, "activity_lines": [ 5311.133333, 5324.836364, 5371.928571, 5355.946534 ] }, { "date": "2025-12-05", "close": 5320.0, "volume": 47391, "typical_volume": 75321.85, "trend": 5344.501432, "fair_value": 5165.445682, "relative_strength": -19.483242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.884303, "energy": 4.60878, "activity_lines": [ 5327.133333, 5319.254545, 5368.890476, 5354.186178 ] }, { "date": "2025-12-12", "close": 5194.0, "volume": 83368, "typical_volume": 76860.4, "trend": 5334.150993, "fair_value": 5169.52771, "relative_strength": -23.524655, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.328414, "energy": 5.171041, "activity_lines": [ 5294.2, 5291.327273, 5352.542857, 5344.476408 ] }, { "date": "2025-12-19", "close": 5019.0, "volume": 94199, "typical_volume": 78357.15, "trend": 5324.066667, "fair_value": 5172.340532, "relative_strength": -26.116631, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.075435, "energy": 23.589516, "activity_lines": [ 5196.533333, 5235.418182, 5320.152381, 5324.144086 ] }, { "date": "2025-12-26", "close": 5114.0, "volume": 74936, "typical_volume": 76799.2, "trend": 5316.266667, "fair_value": 5176.95443, "relative_strength": -22.978411, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -56.240562, "energy": 48.605825, "activity_lines": [ 5156.333333, 5207.345455, 5297.638095, 5310.591398 ] }, { "date": "2026-01-02", "close": 5153.0, "volume": 112247, "typical_volume": 80228.75, "trend": 5307.833333, "fair_value": 5181.145367, "relative_strength": -23.75115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.066579, "energy": 50.982113, "activity_lines": [ 5132.4, 5193.690909, 5278.009524, 5300.058065 ] }, { "date": "2026-01-09", "close": 5150.0, "volume": 549276, "typical_volume": 102536.6, "trend": 5308.3, "fair_value": 5185.387573, "relative_strength": -26.382847, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.816083, "energy": 49.378913, "activity_lines": [ 5129.066667, 5181.690909, 5257.466667, 5289.875269 ] }, { "date": "2026-01-16", "close": 5076.0, "volume": 85529, "typical_volume": 102349.0, "trend": 5295.9, "fair_value": 5190.027062, "relative_strength": -28.89932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.884267, "energy": 38.615394, "activity_lines": [ 5112.4, 5157.436364, 5231.233333, 5274.888172 ] }, { "date": "2026-01-23", "close": 4850.0, "volume": 96978, "typical_volume": 103707.85, "trend": 5284.333333, "fair_value": 5194.345841, "relative_strength": -31.704104, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.473665, "energy": 52.636352, "activity_lines": [ 5028.266667, 5092.490909, 5186.552381, 5246.12043 ] }, { "date": "2026-01-30", "close": 5199.0, "volume": 425273, "typical_volume": 121848.55, "trend": 5275.733333, "fair_value": 5200.177569, "relative_strength": -26.47792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.69069, "energy": 30.618559, "activity_lines": [ 5071.733333, 5101.109091, 5178.947619, 5240.615054 ] }, { "date": "2026-02-06", "close": 5148.0, "volume": 198904, "typical_volume": 129538.3, "trend": 5275.366667, "fair_value": 5206.470697, "relative_strength": -27.465989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.91624, "energy": 27.645965, "activity_lines": [ 5092.533333, 5099.8, 5169.452381, 5232.374194 ] }, { "date": "2026-02-13", "close": 4985.0, "volume": 51335, "typical_volume": 131116.0, "trend": 5273.366667, "fair_value": 5211.468994, "relative_strength": -31.153838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.999955, "energy": 31.422227, "activity_lines": [ 5059.333333, 5074.836364, 5145.5, 5213.64086 ] }, { "date": "2026-02-20", "close": 4901.0, "volume": 229351, "typical_volume": 141629.4, "trend": 5259.233333, "fair_value": 5215.819874, "relative_strength": -32.686904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.11523, "energy": 31.865952, "activity_lines": [ 5009.133333, 5040.690909, 5115.290476, 5189.617204 ] }, { "date": "2026-02-27", "close": 4951.0, "volume": 65066, "typical_volume": 144323.25, "trend": 5251.166667, "fair_value": 5221.471867, "relative_strength": -29.629446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.271496, "energy": 38.34451, "activity_lines": [ 4987.266667, 5020.963636, 5092.242857, 5169.731183 ] }, { "date": "2026-03-06", "close": 5161.0, "volume": 33451, "typical_volume": 145172.95, "trend": 5258.533333, "fair_value": 5227.489414, "relative_strength": -29.882785, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.516615, "energy": 30.560049, "activity_lines": [ 5028.666667, 5040.654545, 5092.285714, 5163.913978 ] }, { "date": "2026-03-13", "close": 4879.0, "volume": 101245, "typical_volume": 148476.6, "trend": 5253.8, "fair_value": 5232.109456, "relative_strength": -30.240692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.822141, "energy": 37.794053, "activity_lines": [ 4978.6, 5008.218182, 5067.166667, 5139.427957 ] }, { "date": "2026-03-20", "close": 4827.0, "volume": 20316, "typical_volume": 147652.7, "trend": 5233.533333, "fair_value": 5236.159029, "relative_strength": -32.497723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.231049, "energy": 38.591415, "activity_lines": [ 4929.133333, 4971.309091, 5038.97619, 5111.892473 ] }, { "date": "2026-03-27", "close": 4612.0, "volume": 102019, "typical_volume": 131192.8, "trend": 5196.533333, "fair_value": 5240.092996, "relative_strength": -31.403418, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.237076, "energy": 56.261647, "activity_lines": [ 4818.533333, 4901.181818, 4992.161905, 5071.793548 ] }, { "date": "2026-04-03", "close": 4499.0, "volume": 107054, "typical_volume": 132674.9, "trend": 5157.966667, "fair_value": 5242.546324, "relative_strength": -33.817671, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.365741, "energy": 73.994002, "activity_lines": [ 4689.533333, 4818.945455, 4936.9, 5026.791398 ] }, { "date": "2026-04-10", "close": 4436.57959, "volume": 58017, "typical_volume": 130536.55, "trend": 5111.785986, "fair_value": 5244.580294, "relative_strength": -37.732743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.735286, "energy": 79.175908, "activity_lines": [ 4569.859863, 4731.741744, 4880.012342, 4980.250296 ] }, { "date": "2026-04-17", "close": 4373.585938, "volume": 136333, "typical_volume": 133614.4, "trend": 5078.505518, "fair_value": 5244.582538, "relative_strength": -37.249705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.287694, "energy": 82.964919, "activity_lines": [ 4477.483203, 4646.946831, 4820.584433, 4932.624487 ] }, { "date": "2026-04-24", "close": 4238.598633, "volume": 78179, "typical_volume": 135153.8, "trend": 5041.425472, "fair_value": 5243.072156, "relative_strength": -37.718983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.062858, "energy": 87.366416, "activity_lines": [ 4373.805046, 4551.689027, 4753.554943, 4878.436946 ] }, { "date": "2026-05-01", "close": 4272.595215, "volume": 98379, "typical_volume": 135904.35, "trend": 5003.678646, "fair_value": 5240.850376, "relative_strength": -37.269422, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.422944, "energy": 87.253899, "activity_lines": [ 4320.68584, 4476.183354, 4694.912754, 4828.834994 ] }, { "date": "2026-05-08", "close": 4548.569336, "volume": 153236, "typical_volume": 138856.2, "trend": 4968.630957, "fair_value": 5239.269653, "relative_strength": -33.67629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.110087, "energy": 66.510269, "activity_lines": [ 4382.184994, 4462.280336, 4666.941455, 4799.473103 ] }, { "date": "2026-05-15", "close": 4249.597656, "volume": 113829, "typical_volume": 140800.85, "trend": 4926.384212, "fair_value": 5236.297992, "relative_strength": -35.271287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.033605, "energy": 58.498953, "activity_lines": [ 4340.722298, 4401.335751, 4612.736809, 4753.083857 ] }, { "date": "2026-05-22", "close": 4797.54541, "volume": 233809, "typical_volume": 146878.95, "trend": 4910.502393, "fair_value": 5236.646547, "relative_strength": -26.167539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.685071, "energy": 28.754429, "activity_lines": [ 4494.374316, 4456.588983, 4614.833866, 4744.771677 ] }, { "date": "2026-05-29", "close": 5084.518555, "volume": 193335, "typical_volume": 129081.9, "trend": 4906.119678, "fair_value": 5237.065749, "relative_strength": -21.998845, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.322108, "energy": 16.063276, "activity_lines": [ 4715.420085, 4565.500142, 4645.954339, 4755.998526 ] }, { "date": "2026-06-05", "close": 53.970632, "volume": 55954, "typical_volume": 127603.15, "trend": 4737.985366, "fair_value": 5201.081593, "relative_strength": -99.112653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.282676, "energy": 73.661717, "activity_lines": [ 3203.221884, 3755.084069, 4198.286826, 4442.956652 ] }, { "date": "2026-06-12", "close": 56.78, "volume": 11032, "typical_volume": 123305.85, "trend": 4559.678032, "fair_value": 5164.865467, "relative_strength": -99.058688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.545766, "energy": 96.965466, "activity_lines": [ 1973.201778, 3028.052052, 3774.801298, 4140.943402 ] }, { "date": "2026-06-19", "close": 56.2, "volume": 7495, "typical_volume": 102416.95, "trend": 4389.451366, "fair_value": 5128.055933, "relative_strength": -98.996977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.153613, "energy": 96.520975, "activity_lines": [ 1042.440961, 2381.682216, 3374.085388, 3850.396433 ] }, { "date": "2026-06-26", "close": 56.6, "volume": 0, "typical_volume": 92471.75, "trend": 4208.771365, "fair_value": 5091.434845, "relative_strength": -98.933885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.179816, "energy": 92.010332, "activity_lines": [ 391.373321, 1815.028373, 2997.897098, 3570.857635 ] }, { "date": "2026-07-03", "close": 56.74, "volume": 11487, "typical_volume": 90479.35, "trend": 4033.329366, "fair_value": 5054.86593, "relative_strength": -98.928063, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.994018, "energy": 88.087977, "activity_lines": [ 56.415375, 1326.890637, 2645.966903, 3302.984644 ] }, { "date": "2026-07-10", "close": 54.93, "volume": 40989, "typical_volume": 81061.25, "trend": 3862.027032, "fair_value": 5017.516251, "relative_strength": -98.917578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.688061, "energy": 88.977912, "activity_lines": [ 56.039333, 914.457605, 2317.332232, 3046.313717 ] }, { "date": "2026-07-17", "close": 52.82, "volume": 70824, "typical_volume": 81349.15, "trend": 3696.487699, "fair_value": 4979.403111, "relative_strength": -98.953764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.667236, "energy": 83.939406, "activity_lines": [ 54.896, 578.325758, 2011.573132, 2800.558424 ] }, { "date": "2026-07-24", "close": 53.83, "volume": 25292, "typical_volume": 80941.2, "trend": 3527.815366, "fair_value": 4943.629573, "relative_strength": -98.932677, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.430351, "energy": 68.415933, "activity_lines": [ 54.353333, 324.118444, 1729.234889, 2565.54825 ] }, { "date": "2026-07-31", "close": 51.63, "volume": 68626, "typical_volume": 79310.25, "trend": 3357.769699, "fair_value": 4908.034224, "relative_strength": -98.920815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.170082, "energy": 67.685022, "activity_lines": [ 53.235333, 145.797815, 1471.00698, 2341.278227 ] }, { "date": "2026-08-07", "close": 51.73, "volume": 177193, "typical_volume": 87154.1, "trend": 3187.827366, "fair_value": 4871.061434, "relative_strength": -98.89293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.91826, "energy": 67.153191, "activity_lines": [ 52.482, 53.784739, 1235.77607, 2127.985343 ] } ], "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." } } }