{ "ticker": { "uuid": "79c8fc42-0894-49d7-ad33-24d3116cc38c", "symbol": "SX5E3L", "name": "SG ETC EURO STOXX 50 +3x Daily Leveraged Collateralized", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "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": 84.277, "architecture_energy": 60.546, "architecture_maturity": 54.64, "architecture_confidence": 81.639, "architecture_tenure": "Developing", "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": 13.29, "rotation_up": 56.65, "upward_expansion": 80.13, "deceleration": 66.59, "rotation_down": 24.23, "downward_expansion": 9.13 }, "activity_lines": [ 186.07, 183.447999, 174.517951, 167.517074 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 200.279999, "trend_reference": 161.284999, "distance_from_trend": 0.241777, "trend_direction": "Improving", "fair_value": 114.814017, "distance_from_fair_value": 0.744386, "fair_value_direction": "Improving", "relative_strength": 15.757521, "relative_strength_direction": "Improving", "price_momentum": 0.256541, "excess_performance": 0.085649, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.241777, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.086194, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.744386, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.32421, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.157575, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.169129, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.256541, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 5.795229, "read": "Demand-led" } ], "volume": { "latest": 455, "relative_activity": 1.369039, "balance": 5.795229, "dry_up": 0.476155, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.055326, "annualized_volatility": 0.531979, "from_high_reference": -0.004869, "from_low_reference": 0.758539 }, "levels": { "trend_reference": 161.284999, "fair_value_reference": 114.814017, "structural_low": 114.470001, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 32, "median_return": 0.008368, "positive_rate": 0.53125, "directional_follow_through": 0.53125, "median_excess_return": -0.002015, "regime_survival": 0.625, "best_return": 0.259173, "worst_return": -0.29514, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.029272, "positive_rate": 0.454545, "directional_follow_through": 0.454545, "median_excess_return": -0.065341, "regime_survival": 0.363636, "best_return": 0.38876, "worst_return": -0.166359, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.153067, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.028994, "regime_survival": 0.142857, "best_return": 0.310053, "worst_return": -0.441767, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.354767, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.104441, "regime_survival": 0.25, "best_return": 0.491202, "worst_return": -0.406847, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-08-23", "tenure": "New", "return": 0.158122, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-30", "end": "2024-10-04", "tenure": "Developing", "return": -0.042014, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-15", "tenure": "Developing", "return": -0.132127, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-22", "end": "2025-01-24", "tenure": "Developing", "return": 0.276009, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-28", "tenure": "Developing", "return": 0.09525, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.274422, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": -0.051074, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-06-20", "tenure": "New", "return": -0.080003, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-10-03", "tenure": "Established", "return": 0.135418, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2026-03-13", "tenure": "Established", "return": 0.088733, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": -0.063856, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.20955, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": 0.104444, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.198994, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 70.519997, "volume": 969, "typical_volume": 459.85, "trend": 72.338333, "fair_value": 59.919423, "relative_strength": 5.874511, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.394875, "energy": 4.81716, "activity_lines": [ 73.529999, 74.452727, 74.694714, 73.820645 ] }, { "date": "2023-08-25", "close": 69.800003, "volume": 1096, "typical_volume": 503.2, "trend": 72.497333, "fair_value": 60.116346, "relative_strength": 2.883037, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -20.107697, "energy": 21.656087, "activity_lines": [ 71.857334, 73.521455, 74.231714, 73.656882 ] }, { "date": "2023-09-01", "close": 69.800003, "volume": 0, "typical_volume": 491.45, "trend": 72.484333, "fair_value": 60.328718, "relative_strength": 0.777461, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.70137, "energy": 34.078236, "activity_lines": [ 70.594668, 72.747819, 73.777762, 73.48286 ] }, { "date": "2023-09-08", "close": 67.980003, "volume": 25, "typical_volume": 464.4, "trend": 72.496667, "fair_value": 60.513878, "relative_strength": -0.752046, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.021394, "energy": 50.156222, "activity_lines": [ 69.487335, 71.673092, 73.178572, 73.192259 ] }, { "date": "2023-09-15", "close": 70.449997, "volume": 315, "typical_volume": 427.4, "trend": 72.465333, "fair_value": 60.721442, "relative_strength": 0.215406, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.5924, "energy": 44.414965, "activity_lines": [ 69.579334, 71.235091, 72.849762, 73.060215 ] }, { "date": "2023-09-22", "close": 66.120003, "volume": 573, "typical_volume": 455.35, "trend": 72.423, "fair_value": 60.936474, "relative_strength": -5.356075, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.794883, "energy": 49.95218, "activity_lines": [ 68.382668, 69.989819, 72.128429, 72.650839 ] }, { "date": "2023-09-29", "close": 64.940002, "volume": 113, "typical_volume": 449.05, "trend": 72.186667, "fair_value": 61.132692, "relative_strength": -6.456889, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.941534, "energy": 63.966364, "activity_lines": [ 67.086001, 68.738183, 71.321048, 72.168065 ] }, { "date": "2023-10-06", "close": 61.139999, "volume": 5, "typical_volume": 423.55, "trend": 71.957667, "fair_value": 61.286859, "relative_strength": -10.883195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.801846, "energy": 79.155513, "activity_lines": [ 64.846667, 66.995819, 70.194905, 71.455377 ] }, { "date": "2023-10-13", "close": 65.790001, "volume": 100, "typical_volume": 414.8, "trend": 72.143667, "fair_value": 61.476154, "relative_strength": -5.976476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.469449, "energy": 74.538808, "activity_lines": [ 64.734667, 66.464183, 69.594667, 71.057463 ] }, { "date": "2023-10-20", "close": 57.560001, "volume": 297, "typical_volume": 412.9, "trend": 71.966667, "fair_value": 61.624711, "relative_strength": -15.278771, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.101219, "energy": 85.179218, "activity_lines": [ 62.025334, 64.578546, 68.256096, 70.116581 ] }, { "date": "2023-10-27", "close": 57.130001, "volume": 30, "typical_volume": 405.65, "trend": 71.464667, "fair_value": 61.815128, "relative_strength": -15.780875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.611209, "energy": 88.947027, "activity_lines": [ 60.032001, 62.891274, 66.957239, 69.159377 ] }, { "date": "2023-11-03", "close": 63.93, "volume": 15, "typical_volume": 365.55, "trend": 71.205667, "fair_value": 62.004904, "relative_strength": -10.581633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.062492, "energy": 71.801775, "activity_lines": [ 60.904667, 62.683819, 66.379477, 68.673269 ] }, { "date": "2023-11-10", "close": 64.730003, "volume": 68, "typical_volume": 363.45, "trend": 70.840001, "fair_value": 62.149647, "relative_strength": -8.962806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.541866, "energy": 53.398107, "activity_lines": [ 62.111335, 62.728547, 65.947144, 68.255485 ] }, { "date": "2023-11-17", "close": 71.279999, "volume": 477, "typical_volume": 378.55, "trend": 70.704001, "fair_value": 62.331218, "relative_strength": -3.235804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.810832, "energy": 19.40081, "activity_lines": [ 65.262001, 64.056364, 66.170572, 68.283872 ] }, { "date": "2023-11-24", "close": 73.099998, "volume": 704, "typical_volume": 395.1, "trend": 70.653334, "fair_value": 62.507308, "relative_strength": -0.651046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.687009, "energy": 23.210155, "activity_lines": [ 68.653333, 65.655091, 66.600762, 68.438452 ] }, { "date": "2023-12-01", "close": 75.209999, "volume": 213, "typical_volume": 364.45, "trend": 70.772, "fair_value": 62.697019, "relative_strength": 0.418232, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 37.072741, "energy": 43.36501, "activity_lines": [ 71.711999, 67.589273, 67.214048, 68.73243 ] }, { "date": "2023-12-08", "close": 80.480003, "volume": 1030, "typical_volume": 411.75, "trend": 70.988, "fair_value": 62.931635, "relative_strength": 5.529732, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.224858, "energy": 58.232133, "activity_lines": [ 75.322, 70.316364, 68.340477, 69.358753 ] }, { "date": "2023-12-15", "close": 82.150002, "volume": 2569, "typical_volume": 515.75, "trend": 71.107, "fair_value": 63.16391, "relative_strength": 7.37009, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.066744, "energy": 79.571884, "activity_lines": [ 78.385334, 73.064546, 69.604382, 70.078882 ] }, { "date": "2023-12-22", "close": 67.349998, "volume": 4057, "typical_volume": 648.8, "trend": 70.840667, "fair_value": 63.301763, "relative_strength": -11.959422, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.490888, "energy": 51.415208, "activity_lines": [ 75.354, 72.739818, 69.454381, 69.836495 ] }, { "date": "2023-12-29", "close": 79.18, "volume": 4760, "typical_volume": 870.8, "trend": 70.996667, "fair_value": 63.509263, "relative_strength": 3.181329, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.449542, "energy": 44.329126, "activity_lines": [ 76.528, 74.537637, 70.460905, 70.374517 ] }, { "date": "2024-01-05", "close": 76.519997, "volume": 38, "typical_volume": 824.25, "trend": 71.128667, "fair_value": 63.682756, "relative_strength": -0.688277, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.113183, "energy": 32.475005, "activity_lines": [ 76.409999, 75.458727, 71.183572, 70.73086 ] }, { "date": "2024-01-12", "close": 77.339996, "volume": 48, "typical_volume": 771.85, "trend": 71.091, "fair_value": 63.871346, "relative_strength": 0.284786, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.588728, "energy": 35.84071, "activity_lines": [ 76.477998, 76.176362, 71.955762, 71.131591 ] }, { "date": "2024-01-19", "close": 73.309998, "volume": 58, "typical_volume": 774.75, "trend": 71.153333, "fair_value": 64.033397, "relative_strength": -4.310595, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.500308, "energy": 34.642013, "activity_lines": [ 75.411998, 75.917453, 72.308238, 71.274753 ] }, { "date": "2024-01-26", "close": 85.410004, "volume": 209, "typical_volume": 783.95, "trend": 71.390333, "fair_value": 64.301474, "relative_strength": 10.838338, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.681137, "energy": 52.056903, "activity_lines": [ 78.968666, 77.702545, 73.796381, 72.194538 ] }, { "date": "2024-02-02", "close": 85.989998, "volume": 588, "typical_volume": 797.6, "trend": 71.945, "fair_value": 64.53141, "relative_strength": 10.196609, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.860458, "energy": 72.946843, "activity_lines": [ 81.514666, 79.336181, 75.256762, 73.136452 ] }, { "date": "2024-02-09", "close": 89.599998, "volume": 52, "typical_volume": 771.55, "trend": 72.346, "fair_value": 64.773654, "relative_strength": 12.869935, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.164202, "energy": 84.698783, "activity_lines": [ 84.809999, 81.391817, 76.986952, 74.275484 ] }, { "date": "2024-02-16", "close": 92.309998, "volume": 779, "typical_volume": 804.85, "trend": 72.891333, "fair_value": 65.026731, "relative_strength": 13.883697, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.471764, "energy": 92.142171, "activity_lines": [ 88.136665, 83.678544, 78.863428, 75.563484 ] }, { "date": "2024-02-23", "close": 98.599998, "volume": 2247, "typical_volume": 916.95, "trend": 73.470333, "fair_value": 65.34407, "relative_strength": 17.580651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.833056, "energy": 93.540371, "activity_lines": [ 92.561998, 86.893817, 81.208618, 77.222107 ] }, { "date": "2024-03-01", "close": 100.160004, "volume": 264, "typical_volume": 925.15, "trend": 74.355, "fair_value": 65.651378, "relative_strength": 18.194814, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.316978, "energy": 93.140745, "activity_lines": [ 95.821333, 90.093636, 83.524, 78.944021 ] }, { "date": "2024-03-08", "close": 104.120003, "volume": 16, "typical_volume": 911.1, "trend": 75.4, "fair_value": 65.949519, "relative_strength": 20.576621, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.560381, "energy": 93.732911, "activity_lines": [ 99.417335, 93.416909, 86.052857, 80.864344 ] }, { "date": "2024-03-15", "close": 105.839996, "volume": 229, "typical_volume": 921.05, "trend": 76.577333, "fair_value": 66.255481, "relative_strength": 19.957435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.543421, "energy": 91.141292, "activity_lines": [ 102.378, 96.599454, 88.523809, 82.828215 ] }, { "date": "2024-03-22", "close": 108.110001, "volume": 176, "typical_volume": 929.1, "trend": 77.854333, "fair_value": 66.568942, "relative_strength": 20.447603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.865379, "energy": 92.663031, "activity_lines": [ 105.012667, 99.661636, 90.979, 84.86258 ] }, { "date": "2024-03-29", "close": 111.410004, "volume": 2589, "typical_volume": 1055.15, "trend": 79.241333, "fair_value": 66.878622, "relative_strength": 22.185282, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.581455, "energy": 89.57809, "activity_lines": [ 107.694001, 102.764364, 93.538095, 87.027462 ] }, { "date": "2024-04-05", "close": 106.330002, "volume": 315, "typical_volume": 1047.05, "trend": 80.519667, "fair_value": 67.146378, "relative_strength": 18.719974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.793314, "energy": 67.519027, "activity_lines": [ 107.828002, 104.250728, 95.391095, 88.775118 ] }, { "date": "2024-04-12", "close": 102.449997, "volume": 289, "typical_volume": 1026.3, "trend": 81.586333, "fair_value": 67.371058, "relative_strength": 14.957437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.964836, "energy": 63.489574, "activity_lines": [ 106.257334, 104.651273, 96.707667, 90.189978 ] }, { "date": "2024-04-19", "close": 101.809998, "volume": 53, "typical_volume": 1018.3, "trend": 82.776, "fair_value": 67.59766, "relative_strength": 13.4714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.240861, "energy": 51.505315, "activity_lines": [ 104.584666, 104.636182, 97.823524, 91.494731 ] }, { "date": "2024-04-26", "close": 102.529999, "volume": 185, "typical_volume": 976.05, "trend": 84.029, "fair_value": 67.837724, "relative_strength": 12.984221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.20327, "energy": 42.071977, "activity_lines": [ 103.420666, 104.53, 98.881285, 92.769183 ] }, { "date": "2024-05-03", "close": 101.910004, "volume": 120, "typical_volume": 853.6, "trend": 85.388, "fair_value": 68.053686, "relative_strength": 14.034954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.5049, "energy": 33.259564, "activity_lines": [ 102.422, 104.125273, 99.775, 93.922796 ] }, { "date": "2024-05-10", "close": 112.889999, "volume": 306, "typical_volume": 666.05, "trend": 86.958, "fair_value": 68.343109, "relative_strength": 22.087214, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.656894, "energy": 49.351914, "activity_lines": [ 105.716667, 105.656727, 101.620333, 95.697118 ] }, { "date": "2024-05-17", "close": 113.169998, "volume": 16, "typical_volume": 428.85, "trend": 88.811667, "fair_value": 68.631442, "relative_strength": 19.530293, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.649831, "energy": 56.795736, "activity_lines": [ 108.667333, 107.007636, 103.275476, 97.388215 ] }, { "date": "2024-05-24", "close": 110.809998, "volume": 42, "typical_volume": 429.05, "trend": 90.601, "fair_value": 68.889263, "relative_strength": 19.780832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.632081, "energy": 57.863856, "activity_lines": [ 110.116666, 107.764909, 104.544, 98.807462 ] }, { "date": "2024-05-31", "close": 107.790001, "volume": 91, "typical_volume": 431.2, "trend": 92.063, "fair_value": 69.120801, "relative_strength": 16.202413, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.122581, "energy": 54.214174, "activity_lines": [ 109.959333, 107.882727, 105.361619, 99.91643 ] }, { "date": "2024-06-07", "close": 111.75, "volume": 134, "typical_volume": 435.0, "trend": 93.630333, "fair_value": 69.36484, "relative_strength": 19.415491, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.655872, "energy": 54.359573, "activity_lines": [ 110.771333, 108.726363, 106.411381, 101.186559 ] }, { "date": "2024-06-14", "close": 97.629997, "volume": 353, "typical_volume": 442.2, "trend": 94.508666, "fair_value": 69.535609, "relative_strength": 10.562847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.778452, "energy": 20.841145, "activity_lines": [ 106.220665, 106.996545, 105.933333, 101.444602 ] }, { "date": "2024-06-21", "close": 104.150002, "volume": 90, "typical_volume": 417.3, "trend": 95.543666, "fair_value": 69.732981, "relative_strength": 15.25515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.864026, "energy": 18.618705, "activity_lines": [ 104.860667, 106.610363, 106.018047, 102.066623 ] }, { "date": "2024-06-28", "close": 101.269997, "volume": 184, "typical_volume": 423.9, "trend": 96.412333, "fair_value": 69.925929, "relative_strength": 12.368181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.753, "energy": 15.999538, "activity_lines": [ 103.141999, 105.669636, 105.742, 102.436064 ] }, { "date": "2024-07-05", "close": 105.690002, "volume": 93, "typical_volume": 389.6, "trend": 97.252666, "fair_value": 70.15407, "relative_strength": 13.900944, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.885343, "energy": 18.788123, "activity_lines": [ 103.532667, 105.542363, 105.831333, 103.034623 ] }, { "date": "2024-07-12", "close": 110.419998, "volume": 120, "typical_volume": 283.25, "trend": 98.194999, "fair_value": 70.422916, "relative_strength": 16.558124, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.413814, "energy": 18.119011, "activity_lines": [ 105.639999, 106.217636, 106.307428, 103.884129 ] }, { "date": "2024-07-19", "close": 96.040001, "volume": 253, "typical_volume": 282.7, "trend": 99.151333, "fair_value": 70.57484, "relative_strength": 2.334685, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.245044, "energy": 9.811158, "activity_lines": [ 103.042667, 104.123636, 105.357714, 103.745097 ] }, { "date": "2024-07-26", "close": 97.93, "volume": 145, "typical_volume": 289.15, "trend": 99.776333, "fair_value": 70.744519, "relative_strength": 5.489779, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.929688, "energy": 11.202625, "activity_lines": [ 101.181333, 102.679636, 104.607619, 103.666301 ] }, { "date": "2024-08-02", "close": 84.150002, "volume": 157, "typical_volume": 285.55, "trend": 100.030666, "fair_value": 70.797532, "relative_strength": -4.313327, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -56.252189, "energy": 61.488418, "activity_lines": [ 95.141334, 99.007273, 102.574619, 102.65815 ] }, { "date": "2024-08-09", "close": 85.82, "volume": 1193, "typical_volume": 336.4, "trend": 100.313333, "fair_value": 70.842147, "relative_strength": -1.773759, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.097966, "energy": 72.858245, "activity_lines": [ 90.799334, 96.123273, 100.803952, 101.741333 ] }, { "date": "2024-08-16", "close": 95.330002, "volume": 37, "typical_volume": 208.8, "trend": 101.047333, "fair_value": 70.978301, "relative_strength": 4.700716, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.48199, "energy": 63.32617, "activity_lines": [ 90.952001, 95.367819, 100.045143, 101.419828 ] }, { "date": "2024-08-23", "close": 99.389999, "volume": 27, "typical_volume": 194.4, "trend": 101.513333, "fair_value": 71.125096, "relative_strength": 6.827, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.265855, "energy": 63.16245, "activity_lines": [ 93.464, 95.649091, 99.749571, 101.312903 ] }, { "date": "2024-08-30", "close": 102.110001, "volume": 100, "typical_volume": 184.95, "trend": 102.050667, "fair_value": 71.28516, "relative_strength": 7.044205, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.991125, "energy": 24.103943, "activity_lines": [ 96.659334, 96.39291, 99.746095, 101.351398 ] }, { "date": "2024-09-06", "close": 88.949997, "volume": 2606, "typical_volume": 312.6, "trend": 102.029, "fair_value": 71.37266, "relative_strength": -3.896895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.010008, "energy": 25.518782, "activity_lines": [ 95.189333, 94.781091, 98.490905, 100.506193 ] }, { "date": "2024-09-13", "close": 92.669998, "volume": 2010, "typical_volume": 403.85, "trend": 102.041, "fair_value": 71.501122, "relative_strength": -0.924969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.974918, "energy": 23.846234, "activity_lines": [ 94.639332, 94.069636, 97.651238, 99.902387 ] }, { "date": "2024-09-20", "close": 95.790001, "volume": 568, "typical_volume": 426.25, "trend": 101.947333, "fair_value": 71.636891, "relative_strength": 1.455741, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.795141, "energy": 24.515529, "activity_lines": [ 94.672666, 94.162182, 97.155666, 99.499097 ] }, { "date": "2024-09-27", "close": 107.419998, "volume": 480, "typical_volume": 434.95, "trend": 102.189333, "fair_value": 71.892083, "relative_strength": 10.011433, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.098381, "energy": 8.642277, "activity_lines": [ 98.551999, 96.635272, 97.796857, 99.852172 ] }, { "date": "2024-10-04", "close": 97.82, "volume": 217, "typical_volume": 445.0, "trend": 101.979333, "fair_value": 72.068429, "relative_strength": 3.055689, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.63298, "energy": 15.571985, "activity_lines": [ 98.695999, 97.155999, 97.549809, 99.570279 ] }, { "date": "2024-10-11", "close": 103.309998, "volume": 337, "typical_volume": 459.75, "trend": 101.895, "fair_value": 72.245352, "relative_strength": 6.082491, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.19432, "energy": 14.422811, "activity_lines": [ 100.955999, 98.676908, 97.898714, 99.656129 ] }, { "date": "2024-10-18", "close": 101.889999, "volume": 123, "typical_volume": 461.35, "trend": 101.687666, "fair_value": 72.409776, "relative_strength": 1.418557, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.049475, "energy": 21.145239, "activity_lines": [ 101.785332, 99.591272, 98.148095, 99.655806 ] }, { "date": "2024-10-25", "close": 98.110001, "volume": 51, "typical_volume": 457.2, "trend": 101.244333, "fair_value": 72.52984, "relative_strength": -1.624359, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.407994, "energy": 10.919889, "activity_lines": [ 100.74, 99.526181, 98.065571, 99.424989 ] }, { "date": "2024-11-01", "close": 92.019997, "volume": 437, "typical_volume": 461.4, "trend": 100.767333, "fair_value": 72.569776, "relative_strength": -7.727266, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.578521, "energy": 17.097322, "activity_lines": [ 97.509999, 98.303272, 97.467999, 98.82987 ] }, { "date": "2024-11-08", "close": 90.339996, "volume": 56, "typical_volume": 459.7, "trend": 100.363666, "fair_value": 72.594006, "relative_strength": -7.358929, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.543531, "energy": 37.866848, "activity_lines": [ 94.746664, 96.908907, 96.737142, 98.157139 ] }, { "date": "2024-11-15", "close": 89.660004, "volume": 252, "typical_volume": 463.1, "trend": 99.958666, "fair_value": 72.61766, "relative_strength": -9.189277, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.725052, "energy": 54.90756, "activity_lines": [ 92.255333, 95.604908, 96.007285, 97.46658 ] }, { "date": "2024-11-22", "close": 89.489998, "volume": 319, "typical_volume": 474.4, "trend": 99.524, "fair_value": 72.740481, "relative_strength": -7.591091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.701377, "energy": 63.317948, "activity_lines": [ 90.617333, 94.25709, 95.316523, 96.791182 ] }, { "date": "2024-11-29", "close": 88.32, "volume": 3, "typical_volume": 468.55, "trend": 99.070999, "fair_value": 72.863237, "relative_strength": -8.659942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.366475, "energy": 67.45075, "activity_lines": [ 89.416, 92.754363, 94.591476, 96.068344 ] }, { "date": "2024-12-06", "close": 100.449997, "volume": 530, "typical_volume": 482.4, "trend": 98.656333, "fair_value": 73.022276, "relative_strength": -0.267611, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.628913, "energy": 26.779451, "activity_lines": [ 92.910666, 93.592908, 95.126904, 96.157311 ] }, { "date": "2024-12-13", "close": 99.279999, "volume": 59, "typical_volume": 478.1, "trend": 98.193333, "fair_value": 73.185032, "relative_strength": -1.913712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.316332, "energy": 10.171308, "activity_lines": [ 95.453332, 94.345453, 95.529904, 96.197548 ] }, { "date": "2024-12-20", "close": 93.639999, "volume": 190, "typical_volume": 479.75, "trend": 97.620999, "fair_value": 73.276827, "relative_strength": -4.75899, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.370331, "energy": 17.791168, "activity_lines": [ 95.519999, 94.045999, 95.389332, 95.903784 ] }, { "date": "2024-12-27", "close": 93.639999, "volume": 0, "typical_volume": 420.1, "trend": 97.149333, "fair_value": 73.36266, "relative_strength": -5.942507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.983755, "energy": 21.696455, "activity_lines": [ 95.321332, 93.922363, 95.20357, 95.646945 ] }, { "date": "2025-01-03", "close": 93.639999, "volume": 0, "typical_volume": 418.25, "trend": 96.545666, "fair_value": 73.444775, "relative_strength": -5.994276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.910951, "energy": 16.102872, "activity_lines": [ 94.845999, 93.948726, 94.98057, 95.420537 ] }, { "date": "2025-01-10", "close": 100.440002, "volume": 100, "typical_volume": 421.9, "trend": 96.639333, "fair_value": 73.565737, "relative_strength": -2.141088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.84951, "energy": 6.299921, "activity_lines": [ 96.282667, 95.292727, 95.413237, 95.671784 ] }, { "date": "2025-01-17", "close": 109.32, "volume": 841, "typical_volume": 458.95, "trend": 96.811666, "fair_value": 73.749134, "relative_strength": 2.650666, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 45.772876, "energy": 47.103299, "activity_lines": [ 100.68, 98.098181, 96.686618, 96.489892 ] }, { "date": "2025-01-24", "close": 114.190002, "volume": 89, "typical_volume": 333.1, "trend": 97.242333, "fair_value": 74.022532, "relative_strength": 7.181347, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "up", "direction": 79.545808, "energy": 78.174926, "activity_lines": [ 106.031334, 101.444, 98.389476, 97.611075 ] }, { "date": "2025-01-31", "close": 118.110001, "volume": 101, "typical_volume": 237.65, "trend": 97.656333, "fair_value": 74.339647, "relative_strength": 9.722233, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.468397, "energy": 89.143113, "activity_lines": [ 111.319334, 105.056546, 100.345476, 98.957376 ] }, { "date": "2025-02-07", "close": 120.440002, "volume": 483, "typical_volume": 233.4, "trend": 97.990333, "fair_value": 74.649134, "relative_strength": 9.855471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.978347, "energy": 91.377352, "activity_lines": [ 115.752668, 108.572364, 102.402238, 100.42729 ] }, { "date": "2025-02-14", "close": 132.020004, "volume": 923, "typical_volume": 255.55, "trend": 99.189667, "fair_value": 75.059519, "relative_strength": 17.062829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.965108, "energy": 96.230962, "activity_lines": [ 122.259336, 113.609638, 105.444477, 102.622753 ] }, { "date": "2025-02-21", "close": 130.820007, "volume": 2211, "typical_volume": 355.25, "trend": 100.286, "fair_value": 75.499455, "relative_strength": 14.372651, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.15161, "energy": 92.761349, "activity_lines": [ 126.260671, 117.85473, 108.255287, 104.66342 ] }, { "date": "2025-02-28", "close": 128.460007, "volume": 1345, "typical_volume": 405.65, "trend": 101.763, "fair_value": 76.038558, "relative_strength": 11.426506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.115638, "energy": 84.265662, "activity_lines": [ 128.042005, 121.097276, 110.684192, 106.481098 ] }, { "date": "2025-03-07", "close": 130.080002, "volume": 455, "typical_volume": 422.25, "trend": 103.238334, "fair_value": 76.561026, "relative_strength": 12.828484, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.724757, "energy": 77.186598, "activity_lines": [ 129.412005, 124.001276, 113.147621, 108.308001 ] }, { "date": "2025-03-14", "close": 120.949997, "volume": 276, "typical_volume": 433.5, "trend": 104.092333, "fair_value": 76.973974, "relative_strength": 4.733964, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.163586, "energy": 58.037024, "activity_lines": [ 126.940669, 124.58273, 114.607287, 109.450689 ] }, { "date": "2025-03-21", "close": 126.139999, "volume": 306, "typical_volume": 426.95, "trend": 104.984, "fair_value": 77.425897, "relative_strength": 8.103922, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.420546, "energy": 50.195513, "activity_lines": [ 126.165334, 125.611275, 116.452478, 110.873119 ] }, { "date": "2025-03-28", "close": 129.360001, "volume": 36, "typical_volume": 425.95, "trend": 105.892333, "fair_value": 77.889744, "relative_strength": 11.617799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.942288, "energy": 48.334225, "activity_lines": [ 126.855334, 126.758002, 118.441859, 112.445764 ] }, { "date": "2025-04-04", "close": 91.209999, "volume": 4736, "typical_volume": 650.15, "trend": 105.967667, "fair_value": 78.124167, "relative_strength": -11.729678, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 6.015095, "energy": 14.653118, "activity_lines": [ 114.925999, 120.604001, 116.612096, 111.498517 ] }, { "date": "2025-04-11", "close": 84.32, "volume": 5871, "typical_volume": 927.75, "trend": 105.689334, "fair_value": 78.314038, "relative_strength": -16.609228, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.451808, "energy": 35.773342, "activity_lines": [ 103.183333, 113.615092, 114.118763, 110.101893 ] }, { "date": "2025-04-18", "close": 91.800003, "volume": 32, "typical_volume": 929.2, "trend": 105.556334, "fair_value": 78.553654, "relative_strength": -13.886419, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.604007, "energy": 42.706427, "activity_lines": [ 96.984668, 108.600546, 112.36243, 109.205807 ] }, { "date": "2025-04-25", "close": 104.940002, "volume": 52, "typical_volume": 905.3, "trend": 105.473667, "fair_value": 78.888462, "relative_strength": -5.05279, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.821508, "energy": 39.654535, "activity_lines": [ 97.109335, 106.495819, 111.840954, 109.166044 ] }, { "date": "2025-05-02", "close": 105.790001, "volume": 120, "typical_volume": 908.35, "trend": 105.739334, "fair_value": 79.262821, "relative_strength": -6.566964, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.953174, "energy": 44.51532, "activity_lines": [ 98.930668, 105.038001, 111.379049, 109.186453 ] }, { "date": "2025-05-09", "close": 116.239998, "volume": 135, "typical_volume": 905.6, "trend": 106.170334, "fair_value": 79.689968, "relative_strength": 0.14399, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.258295, "energy": 9.726791, "activity_lines": [ 105.806667, 105.935273, 111.881382, 109.863915 ] }, { "date": "2025-05-16", "close": 124.330002, "volume": 421, "typical_volume": 926.65, "trend": 106.918334, "fair_value": 80.18016, "relative_strength": 3.819664, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.659597, "energy": 32.618735, "activity_lines": [ 113.710667, 108.525637, 113.046573, 111.035506 ] }, { "date": "2025-05-23", "close": 117.980003, "volume": 639, "typical_volume": 958.6, "trend": 107.580667, "fair_value": 80.588686, "relative_strength": 1.613208, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.249376, "energy": 33.692007, "activity_lines": [ 116.830668, 110.066001, 113.460858, 111.749162 ] }, { "date": "2025-05-30", "close": 121.620003, "volume": 1047, "typical_volume": 1005.95, "trend": 108.567334, "fair_value": 81.033301, "relative_strength": 3.210602, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.871083, "energy": 39.8357, "activity_lines": [ 119.418669, 112.322183, 114.105906, 112.654926 ] }, { "date": "2025-06-06", "close": 123.940002, "volume": 228, "typical_volume": 975.3, "trend": 109.687334, "fair_value": 81.53609, "relative_strength": 3.962044, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.831132, "energy": 54.249401, "activity_lines": [ 121.668002, 115.082365, 114.871049, 113.646711 ] }, { "date": "2025-06-13", "close": 115.599998, "volume": 843, "typical_volume": 1013.0, "trend": 110.552001, "fair_value": 82.023301, "relative_strength": -0.136479, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.023622, "energy": 38.976302, "activity_lines": [ 119.927334, 116.424728, 114.772287, 114.028173 ] }, { "date": "2025-06-20", "close": 111.889999, "volume": 447, "typical_volume": 1030.3, "trend": 111.298668, "fair_value": 82.465256, "relative_strength": -2.653757, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.533217, "energy": 23.962201, "activity_lines": [ 116.992667, 116.649092, 114.313477, 114.114496 ] }, { "date": "2025-06-27", "close": 117.339996, "volume": 20, "typical_volume": 1007.15, "trend": 112.266001, "fair_value": 82.963462, "relative_strength": 0.842704, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.212964, "energy": 14.566446, "activity_lines": [ 116.703998, 117.363091, 114.403334, 114.504259 ] }, { "date": "2025-07-04", "close": 118.32, "volume": 8, "typical_volume": 961.4, "trend": 112.861668, "fair_value": 83.455385, "relative_strength": 2.075629, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.014967, "energy": 13.981931, "activity_lines": [ 116.784665, 117.790909, 114.601286, 114.894839 ] }, { "date": "2025-07-11", "close": 120.989998, "volume": 526, "typical_volume": 877.15, "trend": 113.585334, "fair_value": 83.970962, "relative_strength": 3.309766, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.190494, "energy": 18.473745, "activity_lines": [ 117.975332, 118.460908, 115.118762, 115.419248 ] }, { "date": "2025-07-18", "close": 116.790001, "volume": 175, "typical_volume": 818.65, "trend": 114.357001, "fair_value": 84.430801, "relative_strength": -0.914223, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.850812, "energy": 23.684646, "activity_lines": [ 117.962666, 118.090909, 115.283048, 115.626001 ] }, { "date": "2025-07-25", "close": 118.25, "volume": 386, "typical_volume": 815.2, "trend": 115.177334, "fair_value": 84.874071, "relative_strength": -0.700123, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.436206, "energy": 29.248361, "activity_lines": [ 118.357333, 117.976363, 115.641952, 115.877162 ] }, { "date": "2025-08-01", "close": 107.379997, "volume": 218, "typical_volume": 812.3, "trend": 115.635334, "fair_value": 85.243878, "relative_strength": -8.096913, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.395907, "energy": 15.091577, "activity_lines": [ 114.704666, 115.995999, 115.021952, 115.374108 ] }, { "date": "2025-08-08", "close": 118.440002, "volume": 1015, "typical_volume": 847.75, "trend": 116.235334, "fair_value": 85.677147, "relative_strength": -2.817603, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.809385, "energy": 11.701284, "activity_lines": [ 115.402667, 116.219272, 115.519905, 115.555054 ] }, { "date": "2025-08-15", "close": 118.440002, "volume": 0, "typical_volume": 845.95, "trend": 116.539334, "fair_value": 86.105353, "relative_strength": -5.09675, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -9.059735, "energy": 6.962875, "activity_lines": [ 116.092667, 116.500364, 116.054524, 115.697291 ] }, { "date": "2025-08-22", "close": 127.25, "volume": 1249, "typical_volume": 671.6, "trend": 116.974668, "fair_value": 86.616923, "relative_strength": 0.428357, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 40.620496, "energy": 27.110525, "activity_lines": [ 119.889334, 118.483273, 117.480191, 116.388301 ] }, { "date": "2025-08-29", "close": 118.059998, "volume": 174, "typical_volume": 386.75, "trend": 116.973001, "fair_value": 87.121763, "relative_strength": -4.255976, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.619807, "energy": 36.222133, "activity_lines": [ 119.925333, 118.583454, 117.859, 116.458323 ] }, { "date": "2025-09-05", "close": 115.279999, "volume": 254, "typical_volume": 397.85, "trend": 116.801001, "fair_value": 87.582756, "relative_strength": -5.250868, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 14.62343, "energy": 28.07857, "activity_lines": [ 119.047333, 118.066, 117.812381, 116.349097 ] }, { "date": "2025-09-12", "close": 119.379997, "volume": 118, "typical_volume": 401.15, "trend": 116.379667, "fair_value": 88.052788, "relative_strength": -4.117044, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.10171, "energy": 39.201385, "activity_lines": [ 119.009332, 118.331454, 118.044428, 116.515484 ] }, { "date": "2025-09-19", "close": 118.25, "volume": 98, "typical_volume": 400.05, "trend": 115.960667, "fair_value": 88.581731, "relative_strength": -4.427786, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 41.356762, "energy": 17.814575, "activity_lines": [ 118.531999, 118.372181, 118.100095, 116.63615 ] }, { "date": "2025-09-26", "close": 118.25, "volume": 0, "typical_volume": 393.3, "trend": 115.620333, "fair_value": 89.126731, "relative_strength": -4.976049, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 29.955216, "energy": 14.778596, "activity_lines": [ 118.067332, 118.462727, 118.096428, 116.783849 ] }, { "date": "2025-10-03", "close": 133.229996, "volume": 23, "typical_volume": 373.4, "trend": 115.725333, "fair_value": 89.747821, "relative_strength": 5.430208, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 75.380464, "energy": 57.4612, "activity_lines": [ 123.195998, 121.250362, 119.509856, 117.919956 ] }, { "date": "2025-10-10", "close": 129.490005, "volume": 1123, "typical_volume": 397.6, "trend": 116.01, "fair_value": 90.342949, "relative_strength": 5.371968, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.758941, "energy": 66.5172, "activity_lines": [ 126.066667, 123.085636, 120.524714, 118.808 ] }, { "date": "2025-10-17", "close": 133.919998, "volume": 281, "typical_volume": 359.3, "trend": 116.269333, "fair_value": 90.949744, "relative_strength": 9.508299, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.048214, "energy": 77.304962, "activity_lines": [ 129.466667, 125.324363, 121.906666, 119.963484 ] }, { "date": "2025-10-24", "close": 138.526703, "volume": 24, "typical_volume": 349.1, "trend": 116.57489, "fair_value": 91.554178, "relative_strength": 11.011471, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.508372, "energy": 84.144688, "activity_lines": [ 133.432901, 128.119218, 123.668781, 121.399443 ] }, { "date": "2025-10-31", "close": 137.509995, "volume": 140, "typical_volume": 313.95, "trend": 118.118223, "fair_value": 92.159722, "relative_strength": 8.06482, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.625498, "energy": 83.81503, "activity_lines": [ 135.708452, 130.364005, 125.264606, 122.750095 ] }, { "date": "2025-11-07", "close": 130.75, "volume": 354, "typical_volume": 309.3, "trend": 119.66589, "fair_value": 92.651517, "relative_strength": 3.115292, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.35682, "energy": 79.931762, "activity_lines": [ 134.446673, 131.193156, 126.112288, 123.565048 ] }, { "date": "2025-11-14", "close": 143.330002, "volume": 371, "typical_volume": 326.85, "trend": 121.383557, "fair_value": 93.210748, "relative_strength": 9.81497, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.603016, "energy": 78.57933, "activity_lines": [ 137.54356, 134.078853, 128.068256, 125.091765 ] }, { "date": "2025-11-21", "close": 131.690002, "volume": 208, "typical_volume": 336.85, "trend": 122.275223, "fair_value": 93.683825, "relative_strength": 3.770138, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.694361, "energy": 47.880495, "activity_lines": [ 135.837781, 134.338186, 128.791891, 125.756697 ] }, { "date": "2025-11-28", "close": 136.089996, "volume": 346, "typical_volume": 327.85, "trend": 123.285223, "fair_value": 94.180876, "relative_strength": 5.181232, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.820647, "energy": 43.246682, "activity_lines": [ 135.747333, 135.1737, 129.870907, 126.647973 ] }, { "date": "2025-12-05", "close": 141.429993, "volume": 803, "typical_volume": 359.25, "trend": 124.12489, "fair_value": 94.722094, "relative_strength": 8.860641, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.682709, "energy": 51.195838, "activity_lines": [ 137.599331, 136.655758, 131.386588, 127.818603 ] }, { "date": "2025-12-12", "close": 141.279999, "volume": 105, "typical_volume": 345.2, "trend": 124.689889, "fair_value": 95.301133, "relative_strength": 8.263533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.671865, "energy": 46.794446, "activity_lines": [ 139.139997, 137.689091, 132.770652, 128.925384 ] }, { "date": "2025-12-19", "close": 142.839996, "volume": 634, "typical_volume": 366.0, "trend": 125.518556, "fair_value": 95.887799, "relative_strength": 6.132071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.946177, "energy": 51.976389, "activity_lines": [ 140.498663, 138.859696, 134.19362, 130.096359 ] }, { "date": "2025-12-26", "close": 143.080002, "volume": 11, "typical_volume": 315.8, "trend": 126.233889, "fair_value": 96.471645, "relative_strength": 6.353022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.862413, "energy": 59.197191, "activity_lines": [ 141.969998, 139.831211, 135.470588, 131.229355 ] }, { "date": "2026-01-02", "close": 150.199997, "volume": 317, "typical_volume": 331.65, "trend": 127.109222, "fair_value": 97.052607, "relative_strength": 9.363124, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.918416, "energy": 76.028929, "activity_lines": [ 145.055331, 141.930725, 137.308318, 132.775556 ] }, { "date": "2026-01-09", "close": 161.490005, "volume": 604, "typical_volume": 299.4, "trend": 128.638889, "fair_value": 97.666646, "relative_strength": 16.201719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.220754, "energy": 91.747686, "activity_lines": [ 150.963334, 145.870727, 140.070048, 134.993671 ] }, { "date": "2026-01-16", "close": 163.979996, "volume": 379, "typical_volume": 309.65, "trend": 130.375223, "fair_value": 98.307992, "relative_strength": 17.364392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.590259, "energy": 94.777214, "activity_lines": [ 156.363999, 149.827453, 142.905873, 137.273742 ] }, { "date": "2026-01-23", "close": 153.0, "volume": 476, "typical_volume": 320.75, "trend": 131.563889, "fair_value": 98.871902, "relative_strength": 11.688228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.288175, "energy": 85.855193, "activity_lines": [ 156.591333, 151.183635, 144.477318, 138.733405 ] }, { "date": "2026-01-30", "close": 153.259995, "volume": 52, "typical_volume": 317.45, "trend": 132.728556, "fair_value": 99.404402, "relative_strength": 10.081463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.129496, "energy": 73.132567, "activity_lines": [ 156.227998, 152.411271, 145.893904, 140.133154 ] }, { "date": "2026-02-06", "close": 159.389999, "volume": 14, "typical_volume": 313.25, "trend": 134.008556, "fair_value": 99.992735, "relative_strength": 13.45116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.052345, "energy": 60.40632, "activity_lines": [ 157.229331, 154.361271, 147.732968, 141.853247 ] }, { "date": "2026-02-13", "close": 159.639999, "volume": 341, "typical_volume": 330.3, "trend": 135.436889, "fair_value": 100.55844, "relative_strength": 14.71747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.568357, "energy": 57.006384, "activity_lines": [ 157.701331, 155.93309, 149.399936, 143.506889 ] }, { "date": "2026-02-20", "close": 170.279999, "volume": 60, "typical_volume": 332.15, "trend": 137.171222, "fair_value": 101.217992, "relative_strength": 19.425492, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.034891, "energy": 70.869107, "activity_lines": [ 161.843332, 159.108362, 151.883142, 145.754831 ] }, { "date": "2026-02-27", "close": 172.630005, "volume": 302, "typical_volume": 291.1, "trend": 139.346223, "fair_value": 101.862863, "relative_strength": 18.935027, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.375996, "energy": 89.660071, "activity_lines": [ 166.348667, 162.183636, 154.41373, 148.042495 ] }, { "date": "2026-03-06", "close": 135.830002, "volume": 989, "typical_volume": 326.5, "trend": 139.925889, "fair_value": 102.297607, "relative_strength": 0.247278, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.771969, "energy": 29.18983, "activity_lines": [ 157.278668, 158.026364, 153.234127, 147.815642 ] }, { "date": "2026-03-13", "close": 140.979996, "volume": 232, "typical_volume": 336.9, "trend": 140.677222, "fair_value": 102.815363, "relative_strength": 3.626859, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.815148, "energy": 12.832872, "activity_lines": [ 151.087333, 154.937272, 152.535904, 147.883649 ] }, { "date": "2026-03-20", "close": 129.979996, "volume": 53, "typical_volume": 332.55, "trend": 140.768222, "fair_value": 103.245556, "relative_strength": -1.044622, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.927945, "energy": 27.379137, "activity_lines": [ 142.456665, 150.015817, 150.77838, 147.193505 ] }, { "date": "2026-03-27", "close": 121.68, "volume": 416, "typical_volume": 335.65, "trend": 140.888889, "fair_value": 103.562799, "relative_strength": -8.204834, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -41.374531, "energy": 47.047316, "activity_lines": [ 133.036665, 144.158181, 148.266237, 145.962007 ] }, { "date": "2026-04-03", "close": 133.190002, "volume": 36, "typical_volume": 318.9, "trend": 141.485889, "fair_value": 103.956966, "relative_strength": -4.64013, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.52365, "energy": 45.194172, "activity_lines": [ 130.693333, 141.162363, 146.893476, 145.465304 ] }, { "date": "2026-04-10", "close": 150.369995, "volume": 1055, "typical_volume": 361.25, "trend": 142.518889, "fair_value": 104.43562, "relative_strength": 2.734544, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.027124, "energy": 27.098887, "activity_lines": [ 136.705998, 141.650363, 147.205189, 146.038473 ] }, { "date": "2026-04-17", "close": 161.100006, "volume": 1110, "typical_volume": 399.45, "trend": 143.947223, "fair_value": 104.985235, "relative_strength": 6.730097, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 38.347689, "energy": 18.523921, "activity_lines": [ 145.326001, 144.141818, 148.449857, 147.237254 ] }, { "date": "2026-04-24", "close": 148.5, "volume": 203, "typical_volume": 369.45, "trend": 144.955556, "fair_value": 105.458825, "relative_strength": 0.694614, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.562842, "energy": 15.047702, "activity_lines": [ 148.404668, 144.311273, 148.375428, 147.530982 ] }, { "date": "2026-05-01", "close": 148.25, "volume": 51, "typical_volume": 366.75, "trend": 145.456223, "fair_value": 105.949851, "relative_strength": -0.896787, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.819622, "energy": 21.334008, "activity_lines": [ 150.165334, 144.637818, 148.243524, 147.743527 ] }, { "date": "2026-05-08", "close": 151.169998, "volume": 358, "typical_volume": 352.95, "trend": 146.178889, "fair_value": 106.44453, "relative_strength": -1.155397, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.409025, "energy": 19.458723, "activity_lines": [ 151.128, 145.895818, 148.356523, 148.112157 ] }, { "date": "2026-05-15", "close": 152.660004, "volume": 65, "typical_volume": 355.65, "trend": 146.803556, "fair_value": 106.919402, "relative_strength": 0.141418, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 39.324863, "energy": 21.000672, "activity_lines": [ 151.388668, 147.81491, 148.571762, 148.530294 ] }, { "date": "2026-05-22", "close": 162.509995, "volume": 155, "typical_volume": 347.55, "trend": 147.602999, "fair_value": 107.478184, "relative_strength": 5.560293, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 60.73706, "energy": 33.547684, "activity_lines": [ 154.779999, 151.218909, 149.679476, 149.543612 ] }, { "date": "2026-05-29", "close": 164.009995, "volume": 2170, "typical_volume": 425.85, "trend": 148.486332, "fair_value": 108.051966, "relative_strength": 5.255965, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.357225, "energy": 40.932116, "activity_lines": [ 158.577331, 154.504181, 150.871428, 150.602128 ] }, { "date": "2026-06-05", "close": 167.039993, "volume": 0, "typical_volume": 406.9, "trend": 149.695999, "fair_value": 108.657607, "relative_strength": 7.314146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.375666, "energy": 58.996335, "activity_lines": [ 162.350662, 157.721634, 152.339951, 151.799139 ] }, { "date": "2026-06-12", "close": 173.050003, "volume": 2, "typical_volume": 383.2, "trend": 150.686666, "fair_value": 109.263889, "relative_strength": 7.428155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.503106, "energy": 72.353288, "activity_lines": [ 166.874664, 161.207089, 154.366285, 153.305848 ] }, { "date": "2026-06-19", "close": 184.059998, "volume": 20, "typical_volume": 381.6, "trend": 152.432332, "fair_value": 109.985812, "relative_strength": 10.909934, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.360958, "energy": 81.593315, "activity_lines": [ 173.609998, 165.969635, 157.345713, 155.458967 ] }, { "date": "2026-06-26", "close": 176.679993, "volume": 0, "typical_volume": 380.9, "trend": 153.785332, "fair_value": 110.616453, "relative_strength": 9.421506, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.492074, "energy": 78.255181, "activity_lines": [ 175.791996, 168.777815, 159.475617, 157.023332 ] }, { "date": "2026-07-03", "close": 192.449997, "volume": 12, "typical_volume": 364.45, "trend": 155.485999, "fair_value": 111.405556, "relative_strength": 15.219084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.687509, "energy": 88.445448, "activity_lines": [ 182.285997, 174.169997, 163.025093, 159.517826 ] }, { "date": "2026-07-10", "close": 179.279999, "volume": 361, "typical_volume": 379.5, "trend": 156.752666, "fair_value": 112.057543, "relative_strength": 7.498428, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.656974, "energy": 81.97131, "activity_lines": [ 182.493997, 176.368543, 165.164046, 161.052923 ] }, { "date": "2026-07-17", "close": 174.720001, "volume": 10, "typical_volume": 364.9, "trend": 157.815332, "fair_value": 112.690684, "relative_strength": 5.939913, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.404521, "energy": 66.032166, "activity_lines": [ 180.365998, 177.173816, 166.825855, 162.212106 ] }, { "date": "2026-07-24", "close": 173.389999, "volume": 132, "typical_volume": 322.05, "trend": 158.825666, "fair_value": 113.281453, "relative_strength": 5.014011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.981295, "energy": 48.666334, "activity_lines": [ 177.683332, 177.309089, 168.351046, 163.216923 ] }, { "date": "2026-07-31", "close": 185.190002, "volume": 36, "typical_volume": 312.25, "trend": 159.991999, "fair_value": 113.996645, "relative_strength": 10.78748, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.501888, "energy": 45.677651, "activity_lines": [ 179.645334, 179.212908, 170.821189, 164.917848 ] }, { "date": "2026-08-07", "close": 200.279999, "volume": 455, "typical_volume": 332.35, "trend": 161.284999, "fair_value": 114.814017, "relative_strength": 15.757521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.276903, "energy": 60.546146, "activity_lines": [ 186.07, 183.447999, 174.517951, 167.517074 ] } ], "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." } } }