{ "ticker": { "uuid": "7e7a9bbd-1a04-4243-bff0-de6a7d551531", "symbol": "IWB", "name": "ISHARES TRUST RUSSELL 1000 ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 93.059, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.699, "architecture_energy": 55.315, "architecture_maturity": 51.313, "architecture_confidence": 80.456, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 14.28, "rotation_up": 55.84, "upward_expansion": 81.1, "deceleration": 61.32, "rotation_down": 25.5, "downward_expansion": 7.76 }, "activity_lines": [ 412.652667, 410.007616, 405.658069, 397.684474 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 423.44, "trend_reference": 388.766457, "distance_from_trend": 0.089189, "trend_direction": "Improving", "fair_value": 318.986135, "distance_from_fair_value": 0.327456, "fair_value_direction": "Improving", "relative_strength": -0.120722, "relative_strength_direction": "Improving", "price_momentum": 0.123551, "excess_performance": -0.002074, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089189, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.033385, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.327456, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.008407, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.001207, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.004867, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.123551, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.393954, "read": "Demand-led" } ], "volume": { "latest": 3875244, "relative_activity": 0.891417, "balance": 2.393954, "dry_up": 0.601812, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.024832, "annualized_volatility": 0.139315, "from_high_reference": -0.00353, "from_low_reference": 0.231087 }, "levels": { "trend_reference": 388.766457, "fair_value_reference": 318.986135, "structural_low": 344.504604, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 39, "median_return": 0.014584, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.000735, "regime_survival": 0.769231, "best_return": 0.065378, "worst_return": -0.04699, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.039721, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": -0.001314, "regime_survival": 0.642857, "best_return": 0.138494, "worst_return": -0.055891, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.091022, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.00419, "regime_survival": 0.625, "best_return": 0.164433, "worst_return": -0.166787, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.176824, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.005364, "regime_survival": 0.5, "best_return": 0.29383, "worst_return": -0.117141, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-09", "tenure": "Developing", "return": 0.007748, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.018219, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-03", "tenure": "Established", "return": 0.108029, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.039592, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.015593, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.016878, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.090548, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.117259, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.034768, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.04792, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-02-13", "tenure": "Extended", "return": 0.088837, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.058762, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.122862, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.077222, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 231.655833, "volume": 3095802, "typical_volume": 3053597.35, "trend": 222.918566, "fair_value": 215.935081, "relative_strength": -0.23506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.8469, "energy": 44.161831, "activity_lines": [ 236.235279, 236.588934, 232.392702, 228.053842 ] }, { "date": "2023-08-25", "close": 233.422356, "volume": 3231165, "typical_volume": 3121843.15, "trend": 223.536881, "fair_value": 216.272128, "relative_strength": -0.255024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.984618, "energy": 28.993799, "activity_lines": [ 234.764141, 236.145592, 232.902851, 228.731506 ] }, { "date": "2023-09-01", "close": 239.851341, "volume": 3508244, "typical_volume": 3183751.7, "trend": 224.240664, "fair_value": 216.67829, "relative_strength": -0.051237, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.543691, "energy": 34.000419, "activity_lines": [ 235.909646, 236.864487, 233.943387, 229.784051 ] }, { "date": "2023-09-08", "close": 236.685114, "volume": 4965614, "typical_volume": 3297417.15, "trend": 224.930016, "fair_value": 217.092535, "relative_strength": -0.104266, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.083036, "energy": 27.360827, "activity_lines": [ 236.202458, 236.819732, 234.578805, 230.586919 ] }, { "date": "2023-09-15", "close": 236.221764, "volume": 3618106, "typical_volume": 3367093.55, "trend": 225.604881, "fair_value": 217.506243, "relative_strength": -0.162575, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.778123, "energy": 31.96741, "activity_lines": [ 236.39359, 236.665281, 235.080316, 231.315419 ] }, { "date": "2023-09-22", "close": 229.165326, "volume": 4045485, "typical_volume": 3473008.3, "trend": 226.241135, "fair_value": 217.880655, "relative_strength": -0.224036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.926962, "energy": 18.390649, "activity_lines": [ 234.259604, 235.166414, 234.830098, 231.545125 ] }, { "date": "2023-09-29", "close": 227.73639, "volume": 6620217, "typical_volume": 3695134.95, "trend": 226.6875, "fair_value": 218.225933, "relative_strength": -0.152498, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.25024, "energy": 12.393972, "activity_lines": [ 231.815341, 233.581671, 234.389912, 231.641593 ] }, { "date": "2023-10-06", "close": 228.744631, "volume": 4875677, "typical_volume": 3809220.8, "trend": 227.515285, "fair_value": 218.533673, "relative_strength": -0.177864, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.294827, "energy": 18.823738, "activity_lines": [ 230.086222, 232.412803, 233.995513, 231.774311 ] }, { "date": "2023-10-13", "close": 229.617147, "volume": 3639645, "typical_volume": 3805674.75, "trend": 228.290316, "fair_value": 218.845277, "relative_strength": -0.241939, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.170175, "energy": 22.22206, "activity_lines": [ 229.38839, 231.6598, 233.647372, 231.909915 ] }, { "date": "2023-10-20", "close": 224.14938, "volume": 5186406, "typical_volume": 3899772.7, "trend": 228.791324, "fair_value": 219.126602, "relative_strength": -0.226002, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.242129, "energy": 46.33469, "activity_lines": [ 227.339166, 230.055558, 232.740569, 231.642758 ] }, { "date": "2023-10-27", "close": 218.284133, "volume": 5205629, "typical_volume": 3980324.1, "trend": 228.839782, "fair_value": 219.435674, "relative_strength": -0.338096, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.583726, "energy": 61.321574, "activity_lines": [ 224.139685, 227.611777, 231.284833, 230.964875 ] }, { "date": "2023-11-03", "close": 231.333096, "volume": 6249111, "typical_volume": 4107821.05, "trend": 229.343422, "fair_value": 219.74689, "relative_strength": -0.207222, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.667472, "energy": 31.712724, "activity_lines": [ 226.015272, 227.783657, 231.114247, 231.125734 ] }, { "date": "2023-11-10", "close": 233.882782, "volume": 3729326, "typical_volume": 4114060.05, "trend": 229.869475, "fair_value": 220.051675, "relative_strength": -0.447464, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.329715, "energy": 12.794261, "activity_lines": [ 228.500973, 228.457102, 231.194691, 231.418596 ] }, { "date": "2023-11-17", "close": 239.786807, "volume": 4868090, "typical_volume": 4170668.8, "trend": 230.601315, "fair_value": 220.396273, "relative_strength": -0.23215, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.881182, "energy": 17.070258, "activity_lines": [ 232.61214, 230.312526, 231.816613, 232.058424 ] }, { "date": "2023-11-24", "close": 242.326798, "volume": 2947906, "typical_volume": 4181613.0, "trend": 231.362625, "fair_value": 220.726747, "relative_strength": -0.167725, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.767313, "energy": 43.210323, "activity_lines": [ 236.891993, 232.573372, 232.659004, 232.814907 ] }, { "date": "2023-12-01", "close": 244.895873, "volume": 5594173, "typical_volume": 4318626.65, "trend": 232.264125, "fair_value": 221.052225, "relative_strength": 0.059443, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 76.454789, "energy": 72.464703, "activity_lines": [ 240.816376, 235.190322, 233.700909, 233.688019 ] }, { "date": "2023-12-08", "close": 245.467856, "volume": 4666748, "typical_volume": 4298891.15, "trend": 233.206833, "fair_value": 221.390372, "relative_strength": 0.054529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.569775, "energy": 81.037958, "activity_lines": [ 243.157304, 237.625259, 234.767934, 234.539873 ] }, { "date": "2023-12-15", "close": 252.011727, "volume": 10796301, "typical_volume": 4693393.9, "trend": 234.240273, "fair_value": 221.751118, "relative_strength": 0.311918, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.136211, "energy": 87.553133, "activity_lines": [ 246.737205, 240.9276, 236.434658, 235.753092 ] }, { "date": "2023-12-22", "close": 254.356596, "volume": 4884533, "typical_volume": 4750907.95, "trend": 235.330374, "fair_value": 222.126236, "relative_strength": 0.317025, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.438948, "energy": 91.13286, "activity_lines": [ 249.890133, 244.233243, 238.281275, 237.050919 ] }, { "date": "2023-12-29", "close": 255.21295, "volume": 3562441, "typical_volume": 4764530.95, "trend": 236.298196, "fair_value": 222.494335, "relative_strength": 0.2999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.084718, "energy": 91.366972, "activity_lines": [ 252.357193, 247.244778, 240.12907, 238.333666 ] }, { "date": "2024-01-05", "close": 250.999299, "volume": 3591302, "typical_volume": 4789305.95, "trend": 237.091958, "fair_value": 222.808012, "relative_strength": 0.198578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.518962, "energy": 85.622764, "activity_lines": [ 252.560626, 248.925403, 241.487061, 239.282124 ] }, { "date": "2024-01-12", "close": 255.388113, "volume": 3775947, "typical_volume": 4816545.05, "trend": 237.836377, "fair_value": 223.1667, "relative_strength": 0.080773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.476659, "energy": 84.695588, "activity_lines": [ 253.820102, 250.809173, 243.170922, 240.462521 ] }, { "date": "2024-01-19", "close": 258.36589, "volume": 2470870, "typical_volume": 4764676.35, "trend": 238.798145, "fair_value": 223.520416, "relative_strength": 0.046816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.797771, "energy": 81.00837, "activity_lines": [ 255.41082, 252.796993, 245.033783, 241.787006 ] }, { "date": "2024-01-26", "close": 260.973877, "volume": 2171570, "typical_volume": 4624974.15, "trend": 239.654428, "fair_value": 223.935439, "relative_strength": 0.03259, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.725563, "energy": 82.243612, "activity_lines": [ 257.447255, 254.813845, 247.056858, 243.217698 ] }, { "date": "2024-02-02", "close": 264.554993, "volume": 2853999, "typical_volume": 4586768.8, "trend": 240.711489, "fair_value": 224.310814, "relative_strength": -0.006018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.572925, "energy": 93.377454, "activity_lines": [ 260.236245, 257.09659, 249.305332, 244.824187 ] }, { "date": "2024-02-09", "close": 268.428049, "volume": 4943701, "typical_volume": 4631679.6, "trend": 241.701371, "fair_value": 224.690727, "relative_strength": 0.078087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.448363, "energy": 94.445242, "activity_lines": [ 263.693449, 259.679377, 251.787747, 246.612352 ] }, { "date": "2024-02-16", "close": 267.68847, "volume": 3156097, "typical_volume": 4458473.6, "trend": 242.606751, "fair_value": 225.075115, "relative_strength": 0.149122, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.754775, "energy": 91.505474, "activity_lines": [ 265.742211, 261.699838, 254.012762, 248.288939 ] }, { "date": "2024-02-23", "close": 271.804808, "volume": 2475303, "typical_volume": 4338454.9, "trend": 243.570509, "fair_value": 225.523178, "relative_strength": 0.029609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.8492, "energy": 91.747771, "activity_lines": [ 268.343062, 264.064713, 256.43956, 250.172684 ] }, { "date": "2024-03-01", "close": 274.646347, "volume": 4978129, "typical_volume": 4405379.1, "trend": 244.809498, "fair_value": 225.984428, "relative_strength": 0.10035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.449598, "energy": 84.40655, "activity_lines": [ 270.995165, 266.586357, 258.931933, 252.177577 ] }, { "date": "2024-03-08", "close": 274.033275, "volume": 3752791, "typical_volume": 4333698.35, "trend": 246.056367, "fair_value": 226.403324, "relative_strength": 0.10093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.613317, "energy": 70.227844, "activity_lines": [ 272.531412, 268.627629, 261.151493, 254.062982 ] }, { "date": "2024-03-15", "close": 273.527248, "volume": 5664097, "typical_volume": 4356621.75, "trend": 247.452081, "fair_value": 226.830648, "relative_strength": -0.024983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.468687, "energy": 68.391217, "activity_lines": [ 273.267098, 270.234708, 263.085318, 255.835297 ] }, { "date": "2024-03-22", "close": 279.810887, "volume": 4144102, "typical_volume": 4251371.3, "trend": 248.998366, "fair_value": 227.281324, "relative_strength": 0.036076, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.746196, "energy": 73.146975, "activity_lines": [ 275.757384, 272.574668, 265.354522, 257.922962 ] }, { "date": "2024-03-29", "close": 281.138347, "volume": 2328585, "typical_volume": 4181334.25, "trend": 250.374599, "fair_value": 227.723576, "relative_strength": 0.152823, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.833204, "energy": 71.856311, "activity_lines": [ 277.881995, 274.711934, 267.519305, 259.996509 ] }, { "date": "2024-04-05", "close": 278.561514, "volume": 2530116, "typical_volume": 4064435.55, "trend": 251.770479, "fair_value": 228.112743, "relative_strength": 0.118705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.864059, "energy": 66.754928, "activity_lines": [ 278.525426, 275.96664, 269.213648, 261.81502 ] }, { "date": "2024-04-12", "close": 274.081338, "volume": 3026557, "typical_volume": 4068368.1, "trend": 253.032465, "fair_value": 228.452355, "relative_strength": -0.029988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.515188, "energy": 64.543108, "activity_lines": [ 277.414454, 276.086994, 270.296666, 263.25443 ] }, { "date": "2024-04-19", "close": 265.69687, "volume": 4125229, "typical_volume": 3994920.9, "trend": 254.250183, "fair_value": 228.739541, "relative_strength": -0.018905, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.493333, "energy": 44.393221, "activity_lines": [ 273.505455, 274.509692, 270.429952, 264.071488 ] }, { "date": "2024-04-26", "close": 272.763639, "volume": 2370322, "typical_volume": 3880099.6, "trend": 255.751091, "fair_value": 229.072267, "relative_strength": -0.009725, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.390081, "energy": 30.655857, "activity_lines": [ 272.474071, 274.266916, 271.13721, 265.265905 ] }, { "date": "2024-05-03", "close": 274.413203, "volume": 3479849, "typical_volume": 3514277.0, "trend": 257.273377, "fair_value": 229.403978, "relative_strength": -0.004966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.807866, "energy": 25.161007, "activity_lines": [ 272.462358, 274.231784, 271.871591, 266.469912 ] }, { "date": "2024-05-10", "close": 279.322851, "volume": 3338573, "typical_volume": 3436979.0, "trend": 258.930234, "fair_value": 229.787157, "relative_strength": -0.085526, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.039802, "energy": 33.406395, "activity_lines": [ 274.535537, 275.04189, 272.966882, 267.892459 ] }, { "date": "2024-05-17", "close": 283.949437, "volume": 4384437, "typical_volume": 3478078.8, "trend": 260.923569, "fair_value": 230.203536, "relative_strength": -0.084735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.333506, "energy": 54.587073, "activity_lines": [ 278.100156, 276.608166, 274.383915, 269.506601 ] }, { "date": "2024-05-24", "close": 283.471162, "volume": 3842063, "typical_volume": 3490616.85, "trend": 263.09647, "fair_value": 230.598415, "relative_strength": -0.251174, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.693287, "energy": 68.584213, "activity_lines": [ 280.847477, 277.90719, 275.618557, 270.961284 ] }, { "date": "2024-05-31", "close": 281.948487, "volume": 9400926, "typical_volume": 3771865.8, "trend": 264.78365, "fair_value": 230.975547, "relative_strength": -0.391769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.386816, "energy": 69.315086, "activity_lines": [ 281.902287, 278.748565, 276.553554, 272.177544 ] }, { "date": "2024-06-07", "close": 285.140247, "volume": 3006606, "typical_volume": 3798652.6, "trend": 266.492232, "fair_value": 231.364091, "relative_strength": -0.508892, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.218987, "energy": 74.832158, "activity_lines": [ 283.408693, 280.131394, 277.66605, 273.490872 ] }, { "date": "2024-06-14", "close": 289.395548, "volume": 3499008, "typical_volume": 3865024.5, "trend": 268.145857, "fair_value": 231.807235, "relative_strength": -0.645416, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.947437, "energy": 73.682108, "activity_lines": [ 285.618397, 282.215153, 279.056316, 274.968506 ] }, { "date": "2024-06-21", "close": 291.24494, "volume": 3429099, "typical_volume": 3893779.5, "trend": 269.776461, "fair_value": 232.220287, "relative_strength": -0.640703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.315267, "energy": 72.879635, "activity_lines": [ 287.773051, 284.438182, 280.487374, 276.458769 ] }, { "date": "2024-06-28", "close": 291.147088, "volume": 8378269, "typical_volume": 4065507.9, "trend": 271.318169, "fair_value": 232.612009, "relative_strength": -0.609557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.757964, "energy": 74.874159, "activity_lines": [ 289.408722, 286.331355, 281.782017, 277.837519 ] }, { "date": "2024-07-05", "close": 296.519131, "volume": 2633022, "typical_volume": 4039354.15, "trend": 273.019878, "fair_value": 233.033232, "relative_strength": -0.663919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.720026, "energy": 84.670008, "activity_lines": [ 292.323345, 288.738532, 283.480098, 279.463388 ] }, { "date": "2024-07-12", "close": 299.748227, "volume": 3005075, "typical_volume": 4065842.75, "trend": 274.611094, "fair_value": 233.49351, "relative_strength": -0.528848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.008796, "energy": 89.768668, "activity_lines": [ 295.342957, 291.300898, 285.348422, 281.187797 ] }, { "date": "2024-07-19", "close": 294.102201, "volume": 3694121, "typical_volume": 4001642.35, "trend": 275.935948, "fair_value": 233.885578, "relative_strength": -0.433791, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.763302, "energy": 77.03397, "activity_lines": [ 295.506695, 292.376078, 286.545966, 282.445288 ] }, { "date": "2024-07-26", "close": 292.135388, "volume": 3581270, "typical_volume": 3993066.3, "trend": 277.166696, "fair_value": 234.270816, "relative_strength": -0.264262, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.170795, "energy": 58.545401, "activity_lines": [ 294.701052, 292.82494, 287.463548, 283.490413 ] }, { "date": "2024-08-02", "close": 285.471706, "volume": 3904236, "typical_volume": 3905073.25, "trend": 278.315776, "fair_value": 234.599857, "relative_strength": -0.417084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.890127, "energy": 38.56015, "activity_lines": [ 291.614818, 291.913388, 287.660293, 284.02622 ] }, { "date": "2024-08-09", "close": 285.667409, "volume": 5363790, "typical_volume": 3966057.65, "trend": 279.325086, "fair_value": 234.920222, "relative_strength": -0.356854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.469124, "energy": 21.859049, "activity_lines": [ 288.972177, 291.001045, 287.818797, 284.500519 ] }, { "date": "2024-08-16", "close": 297.008388, "volume": 2799819, "typical_volume": 3989619.35, "trend": 280.613169, "fair_value": 235.32436, "relative_strength": -0.37727, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.35778, "energy": 26.273119, "activity_lines": [ 290.833311, 292.083081, 289.029507, 285.641378 ] }, { "date": "2024-08-23", "close": 301.519338, "volume": 2567813, "typical_volume": 3991504.2, "trend": 281.964685, "fair_value": 235.730331, "relative_strength": -0.26538, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.533874, "energy": 39.804339, "activity_lines": [ 294.380751, 293.769506, 290.594259, 286.990163 ] }, { "date": "2024-08-30", "close": 302.419571, "volume": 4921233, "typical_volume": 4086238.0, "trend": 283.226837, "fair_value": 236.131842, "relative_strength": -0.233526, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.044091, "energy": 53.895941, "activity_lines": [ 297.733793, 295.399177, 292.135425, 288.309833 ] }, { "date": "2024-09-06", "close": 289.522755, "volume": 2838514, "typical_volume": 4021902.25, "trend": 283.929994, "fair_value": 236.477583, "relative_strength": -0.355715, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.285589, "energy": 43.570421, "activity_lines": [ 296.102284, 294.480797, 292.313379, 288.716021 ] }, { "date": "2024-09-13", "close": 301.235569, "volume": 4828103, "typical_volume": 4144791.3, "trend": 285.048231, "fair_value": 236.906471, "relative_strength": -0.309961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.192372, "energy": 52.088238, "activity_lines": [ 298.104976, 295.721553, 293.493382, 289.83251 ] }, { "date": "2024-09-20", "close": 305.707378, "volume": 9202859, "typical_volume": 4430941.8, "trend": 286.178316, "fair_value": 237.35586, "relative_strength": -0.241533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.498362, "energy": 53.888353, "activity_lines": [ 300.560394, 297.689612, 294.963691, 291.165358 ] }, { "date": "2024-09-27", "close": 307.557538, "volume": 3389412, "typical_volume": 4433483.75, "trend": 287.275356, "fair_value": 237.851045, "relative_strength": -0.196958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.92083, "energy": 49.683554, "activity_lines": [ 303.052599, 299.885715, 296.461186, 292.544662 ] }, { "date": "2024-10-04", "close": 308.45103, "volume": 4466837, "typical_volume": 4437603.75, "trend": 288.422615, "fair_value": 238.33982, "relative_strength": -0.165716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.300922, "energy": 69.761947, "activity_lines": [ 305.440089, 301.999629, 297.909324, 293.910835 ] }, { "date": "2024-10-11", "close": 312.083909, "volume": 2074582, "typical_volume": 4349229.7, "trend": 289.707837, "fair_value": 238.822053, "relative_strength": -0.136985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.380238, "energy": 74.843694, "activity_lines": [ 308.63644, 304.477418, 299.586777, 295.43737 ] }, { "date": "2024-10-18", "close": 314.980393, "volume": 2175323, "typical_volume": 3987949.55, "trend": 290.880153, "fair_value": 239.297431, "relative_strength": -0.071816, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.771811, "energy": 79.788817, "activity_lines": [ 311.29421, 306.997982, 301.403834, 297.067858 ] }, { "date": "2024-10-25", "close": 311.632254, "volume": 3405073, "typical_volume": 4007872.9, "trend": 291.896617, "fair_value": 239.734862, "relative_strength": -0.18449, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.025924, "energy": 72.906144, "activity_lines": [ 311.919611, 308.376831, 302.744726, 298.406703 ] }, { "date": "2024-11-01", "close": 307.82264, "volume": 2849504, "typical_volume": 3975397.7, "trend": 292.871988, "fair_value": 240.117137, "relative_strength": -0.022221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.581337, "energy": 60.984885, "activity_lines": [ 310.88015, 308.797134, 303.596646, 299.434188 ] }, { "date": "2024-11-08", "close": 323.120005, "volume": 4519806, "typical_volume": 4029933.05, "trend": 294.50661, "fair_value": 240.600491, "relative_strength": 0.175349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.827612, "energy": 72.039855, "activity_lines": [ 314.922136, 311.88417, 305.817709, 301.385673 ] }, { "date": "2024-11-15", "close": 316.443363, "volume": 4151595, "typical_volume": 3818599.35, "trend": 296.19816, "fair_value": 241.0402, "relative_strength": 0.185037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.963244, "energy": 55.819153, "activity_lines": [ 315.760644, 313.380901, 307.251115, 302.800948 ] }, { "date": "2024-11-22", "close": 322.933452, "volume": 3599199, "typical_volume": 3866908.2, "trend": 297.870487, "fair_value": 241.557683, "relative_strength": 0.553999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.536618, "energy": 66.537793, "activity_lines": [ 318.471884, 315.568181, 309.182167, 304.525805 ] }, { "date": "2024-11-29", "close": 326.4976, "volume": 3648817, "typical_volume": 3899095.3, "trend": 299.606633, "fair_value": 242.123556, "relative_strength": 0.471684, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.68012, "energy": 82.647579, "activity_lines": [ 321.84097, 318.008982, 311.326879, 306.372716 ] }, { "date": "2024-12-06", "close": 329.619912, "volume": 5076441, "typical_volume": 3968211.3, "trend": 301.283202, "fair_value": 242.653286, "relative_strength": 0.548674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.953521, "energy": 88.872161, "activity_lines": [ 325.259803, 320.639472, 313.641575, 308.309056 ] }, { "date": "2024-12-13", "close": 326.98853, "volume": 6131828, "typical_volume": 4095739.2, "trend": 302.717839, "fair_value": 243.196083, "relative_strength": 0.343357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.342725, "energy": 87.316947, "activity_lines": [ 326.348358, 322.390394, 315.536533, 309.967464 ] }, { "date": "2024-12-20", "close": 320.031428, "volume": 12114400, "typical_volume": 4506247.4, "trend": 303.936514, "fair_value": 243.657943, "relative_strength": 0.05443, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.985919, "energy": 70.092562, "activity_lines": [ 324.859977, 322.539344, 316.602941, 311.08447 ] }, { "date": "2024-12-27", "close": 322.119339, "volume": 4541906, "typical_volume": 4465153.2, "trend": 305.275543, "fair_value": 244.121255, "relative_strength": 0.062603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.982, "energy": 52.401579, "activity_lines": [ 323.828361, 322.923413, 317.703628, 312.257556 ] }, { "date": "2025-01-03", "close": 320.799622, "volume": 4599828, "typical_volume": 4555153.65, "trend": 306.464188, "fair_value": 244.609965, "relative_strength": 0.172606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.900739, "energy": 36.871584, "activity_lines": [ 322.411115, 322.937735, 318.505048, 313.259109 ] }, { "date": "2025-01-10", "close": 314.67377, "volume": 5096233, "typical_volume": 4681574.65, "trend": 307.306796, "fair_value": 245.065523, "relative_strength": 0.201544, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.896428, "energy": 23.063273, "activity_lines": [ 319.331783, 321.671586, 318.609761, 313.78876 ] }, { "date": "2025-01-17", "close": 324.404222, "volume": 3377057, "typical_volume": 4604365.85, "trend": 308.412105, "fair_value": 245.675093, "relative_strength": 0.344168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.772865, "energy": 24.824084, "activity_lines": [ 320.492344, 322.050044, 319.578544, 314.891819 ] }, { "date": "2025-01-24", "close": 330.096734, "volume": 2633174, "typical_volume": 4594098.85, "trend": 309.710427, "fair_value": 246.310918, "relative_strength": 0.357684, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.822744, "energy": 37.675983, "activity_lines": [ 323.722697, 323.440155, 320.984782, 316.290828 ] }, { "date": "2025-01-31", "close": 327.132295, "volume": 4302175, "typical_volume": 4567802.45, "trend": 310.730866, "fair_value": 246.901635, "relative_strength": 0.467211, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.56636, "energy": 38.108794, "activity_lines": [ 325.293883, 324.043034, 321.915483, 317.414819 ] }, { "date": "2025-02-07", "close": 326.541376, "volume": 4993773, "typical_volume": 4357348.15, "trend": 311.62397, "fair_value": 247.51267, "relative_strength": 0.457067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.287032, "energy": 44.06629, "activity_lines": [ 326.333898, 324.462131, 322.666588, 318.434852 ] }, { "date": "2025-02-14", "close": 330.943717, "volume": 2536080, "typical_volume": 4314681.55, "trend": 312.852021, "fair_value": 248.175547, "relative_strength": 0.32012, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.879603, "energy": 60.35053, "activity_lines": [ 328.458578, 325.680857, 323.737754, 319.681287 ] }, { "date": "2025-02-21", "close": 324.739076, "volume": 2874464, "typical_volume": 4235062.9, "trend": 313.938811, "fair_value": 248.785628, "relative_strength": 0.0435, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.726922, "energy": 39.712477, "activity_lines": [ 327.43038, 325.747397, 324.10664, 320.448194 ] }, { "date": "2025-02-28", "close": 321.449632, "volume": 4046084, "typical_volume": 4333638.0, "trend": 315.138075, "fair_value": 249.396547, "relative_strength": -0.004927, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.792231, "energy": 27.97547, "activity_lines": [ 325.283377, 325.256756, 324.084683, 320.932763 ] }, { "date": "2025-03-07", "close": 311.197201, "volume": 5063504, "typical_volume": 4478047.05, "trend": 315.989068, "fair_value": 249.983174, "relative_strength": -0.117696, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.139406, "energy": 6.868019, "activity_lines": [ 320.295371, 322.876251, 323.041705, 320.678513 ] }, { "date": "2025-03-14", "close": 304.194821, "volume": 5163345, "typical_volume": 4565960.65, "trend": 316.228616, "fair_value": 250.436789, "relative_strength": -0.086655, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.695447, "energy": 32.254806, "activity_lines": [ 314.035578, 319.421171, 321.349849, 319.917594 ] }, { "date": "2025-03-21", "close": 305.94466, "volume": 7237746, "typical_volume": 4785372.75, "trend": 316.376126, "fair_value": 250.875869, "relative_strength": -0.016744, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.713915, "energy": 44.855231, "activity_lines": [ 309.848835, 316.586148, 319.860061, 319.254113 ] }, { "date": "2025-03-28", "close": 301.224298, "volume": 3247295, "typical_volume": 4721747.2, "trend": 316.336284, "fair_value": 251.281226, "relative_strength": -0.077612, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.101854, "energy": 66.371172, "activity_lines": [ 305.755242, 313.051589, 317.929657, 318.276576 ] }, { "date": "2025-04-04", "close": 273.948898, "volume": 9033609, "typical_volume": 4965847.9, "trend": 315.817155, "fair_value": 251.534767, "relative_strength": -0.05763, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.608249, "energy": 90.481135, "activity_lines": [ 294.1375, 304.979319, 313.505861, 315.541906 ] }, { "date": "2025-04-11", "close": 288.781501, "volume": 12192455, "typical_volume": 5395510.7, "trend": 315.40202, "fair_value": 251.913036, "relative_strength": -0.292622, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.346687, "energy": 80.27603, "activity_lines": [ 290.630675, 300.624756, 310.697049, 313.79767 ] }, { "date": "2025-04-18", "close": 285.285668, "volume": 3292785, "typical_volume": 5377709.1, "trend": 314.721296, "fair_value": 252.310997, "relative_strength": -0.085485, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.407641, "energy": 81.090189, "activity_lines": [ 287.452953, 296.331874, 307.717929, 311.85468 ] }, { "date": "2025-04-25", "close": 298.577735, "volume": 4821647, "typical_volume": 5364969.4, "trend": 314.421969, "fair_value": 252.840337, "relative_strength": -0.027292, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.460981, "energy": 60.957138, "activity_lines": [ 289.96653, 295.205836, 306.200967, 310.81316 ] }, { "date": "2025-05-02", "close": 307.267942, "volume": 3353601, "typical_volume": 5226058.05, "trend": 314.382533, "fair_value": 253.432977, "relative_strength": -0.03891, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.513841, "energy": 37.446315, "activity_lines": [ 295.86797, 296.248307, 305.659463, 310.351609 ] }, { "date": "2025-05-09", "close": 306.369295, "volume": 4108459, "typical_volume": 4825761.0, "trend": 314.192046, "fair_value": 254.052359, "relative_strength": 0.096919, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.968935, "energy": 22.268423, "activity_lines": [ 301.066952, 297.445045, 305.126282, 309.834626 ] }, { "date": "2025-05-16", "close": 322.643683, "volume": 5120661, "typical_volume": 4854698.75, "trend": 314.447489, "fair_value": 254.815128, "relative_strength": 0.117229, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.469585, "energy": 18.893332, "activity_lines": [ 309.529371, 301.874951, 306.208101, 310.379893 ] }, { "date": "2025-05-23", "close": 314.427487, "volume": 2669933, "typical_volume": 4758204.0, "trend": 314.540663, "fair_value": 255.439689, "relative_strength": 0.107451, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.641767, "energy": 23.904422, "activity_lines": [ 312.995578, 304.602885, 306.504927, 310.378603 ] }, { "date": "2025-05-30", "close": 320.036621, "volume": 3978647, "typical_volume": 4702324.7, "trend": 314.947796, "fair_value": 256.116063, "relative_strength": 0.110485, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.991193, "energy": 26.398008, "activity_lines": [ 316.388709, 308.164613, 307.366301, 310.733181 ] }, { "date": "2025-06-06", "close": 325.359372, "volume": 4141282, "typical_volume": 4740535.95, "trend": 315.022442, "fair_value": 256.896083, "relative_strength": 0.111083, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.054377, "energy": 32.732474, "activity_lines": [ 320.125498, 312.437897, 308.709065, 311.404895 ] }, { "date": "2025-06-13", "close": 323.739834, "volume": 3894635, "typical_volume": 4803609.0, "trend": 315.265657, "fair_value": 257.742852, "relative_strength": -0.038451, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.98244, "energy": 42.280889, "activity_lines": [ 322.116345, 315.977899, 309.89304, 311.967308 ] }, { "date": "2025-06-20", "close": 323.036907, "volume": 3705501, "typical_volume": 4773775.3, "trend": 315.269106, "fair_value": 258.503598, "relative_strength": -0.102291, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.49054, "energy": 40.758186, "activity_lines": [ 322.714848, 318.484807, 311.04034, 312.468679 ] }, { "date": "2025-06-27", "close": 334.105443, "volume": 6420813, "typical_volume": 4845127.3, "trend": 315.522701, "fair_value": 259.365637, "relative_strength": -0.15181, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.1781, "energy": 49.819264, "activity_lines": [ 326.976647, 322.38135, 313.261288, 313.683926 ] }, { "date": "2025-07-04", "close": 340.303031, "volume": 3138630, "typical_volume": 4875254.8, "trend": 315.878805, "fair_value": 260.240841, "relative_strength": -0.006257, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.712355, "energy": 65.156628, "activity_lines": [ 331.992446, 326.517096, 316.036464, 315.282657 ] }, { "date": "2025-07-11", "close": 339.253599, "volume": 3951020, "typical_volume": 4929082.6, "trend": 316.28764, "fair_value": 261.123391, "relative_strength": -0.047033, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.34931, "energy": 82.799267, "activity_lines": [ 335.30734, 329.703393, 318.667125, 316.790708 ] }, { "date": "2025-07-18", "close": 341.738574, "volume": 4530283, "typical_volume": 4953292.55, "trend": 317.011212, "fair_value": 261.986291, "relative_strength": 0.042141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.013552, "energy": 86.742278, "activity_lines": [ 338.524277, 332.759947, 321.465334, 318.432704 ] }, { "date": "2025-07-25", "close": 346.659024, "volume": 3182793, "typical_volume": 4859257.0, "trend": 317.829201, "fair_value": 262.825351, "relative_strength": -0.036936, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.961985, "energy": 91.559226, "activity_lines": [ 342.181448, 336.068051, 324.635543, 320.345466 ] }, { "date": "2025-08-01", "close": 338.154665, "volume": 4980260, "typical_volume": 4850102.75, "trend": 318.407703, "fair_value": 263.600818, "relative_strength": -0.082539, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.952848, "energy": 84.938427, "activity_lines": [ 341.429025, 337.393264, 326.826947, 321.656786 ] }, { "date": "2025-08-08", "close": 346.21351, "volume": 4358633, "typical_volume": 4706147.1, "trend": 319.459027, "fair_value": 264.380728, "relative_strength": -0.185959, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.489083, "energy": 84.470268, "activity_lines": [ 343.092935, 339.75232, 329.624147, 323.450709 ] }, { "date": "2025-08-15", "close": 349.728117, "volume": 3412323, "typical_volume": 4714398.5, "trend": 320.303157, "fair_value": 265.203516, "relative_strength": -0.157358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.607633, "energy": 87.10279, "activity_lines": [ 345.534349, 342.274451, 332.564315, 325.403554 ] }, { "date": "2025-08-22", "close": 350.995355, "volume": 3667197, "typical_volume": 4446077.9, "trend": 320.999778, "fair_value": 266.088834, "relative_strength": -0.089012, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.255029, "energy": 76.835837, "activity_lines": [ 347.699875, 344.583921, 335.394202, 327.383696 ] }, { "date": "2025-08-29", "close": 351.173561, "volume": 5879699, "typical_volume": 4130440.1, "trend": 321.801153, "fair_value": 267.021353, "relative_strength": -0.002367, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.642881, "energy": 82.845566, "activity_lines": [ 349.307684, 346.430237, 337.874172, 329.330391 ] }, { "date": "2025-09-05", "close": 352.490301, "volume": 3138196, "typical_volume": 4122710.65, "trend": 322.666118, "fair_value": 267.91077, "relative_strength": 0.025353, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.060733, "energy": 81.560665, "activity_lines": [ 351.053437, 348.004385, 340.182442, 331.310336 ] }, { "date": "2025-09-12", "close": 357.885964, "volume": 5672296, "typical_volume": 4165243.1, "trend": 323.564192, "fair_value": 268.901792, "relative_strength": -0.020706, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.750917, "energy": 76.134687, "activity_lines": [ 353.642036, 350.225292, 342.684562, 333.582585 ] }, { "date": "2025-09-19", "close": 362.162763, "volume": 5916419, "typical_volume": 4293384.0, "trend": 324.811649, "fair_value": 269.982799, "relative_strength": -0.064654, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.342966, "energy": 75.314131, "activity_lines": [ 356.87807, 352.904109, 345.311576, 336.072815 ] }, { "date": "2025-09-26", "close": 360.921935, "volume": 3409280, "typical_volume": 4258425.05, "trend": 326.127392, "fair_value": 271.088363, "relative_strength": -0.126407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.99869, "energy": 76.510859, "activity_lines": [ 358.871519, 354.940791, 347.559012, 338.402511 ] }, { "date": "2025-10-03", "close": 364.773464, "volume": 5188284, "typical_volume": 4261806.2, "trend": 327.913268, "fair_value": 272.198966, "relative_strength": -0.176105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.183618, "energy": 81.369053, "activity_lines": [ 361.487039, 357.328963, 349.913486, 340.895806 ] }, { "date": "2025-10-10", "close": 355.760094, "volume": 4796089, "typical_volume": 4368114.0, "trend": 329.63211, "fair_value": 273.272176, "relative_strength": -0.228293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.623042, "energy": 64.901024, "activity_lines": [ 360.191441, 357.748987, 351.208926, 342.692375 ] }, { "date": "2025-10-17", "close": 361.894744, "volume": 3354575, "typical_volume": 4336910.4, "trend": 331.497113, "fair_value": 274.330104, "relative_strength": -0.242528, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.129645, "energy": 62.275459, "activity_lines": [ 360.722741, 358.964303, 352.891796, 344.773835 ] }, { "date": "2025-10-24", "close": 368.843377, "volume": 3258688, "typical_volume": 4292780.7, "trend": 333.751082, "fair_value": 275.381518, "relative_strength": -0.257437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.055124, "energy": 66.322554, "activity_lines": [ 363.303, 361.157893, 355.037117, 347.183272 ] }, { "date": "2025-10-31", "close": 370.967674, "volume": 3994116, "typical_volume": 4297754.75, "trend": 336.985041, "fair_value": 276.491116, "relative_strength": -0.384507, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.341884, "energy": 68.004301, "activity_lines": [ 366.145984, 363.390169, 357.177684, 349.584342 ] }, { "date": "2025-11-07", "close": 364.90251, "volume": 3508439, "typical_volume": 4287901.65, "trend": 339.522408, "fair_value": 277.484638, "relative_strength": -0.383587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.153054, "energy": 59.664836, "activity_lines": [ 366.297531, 364.156555, 358.515723, 351.385469 ] }, { "date": "2025-11-14", "close": 365.180455, "volume": 7313822, "typical_volume": 4332552.1, "trend": 342.185568, "fair_value": 278.491328, "relative_strength": -0.438577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.698388, "energy": 55.165344, "activity_lines": [ 366.533122, 364.723859, 359.680872, 353.040827 ] }, { "date": "2025-11-21", "close": 358.182189, "volume": 4793030, "typical_volume": 4415272.1, "trend": 344.172383, "fair_value": 279.431731, "relative_strength": -0.416307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.638195, "energy": 42.065326, "activity_lines": [ 363.807935, 363.788021, 360.031544, 354.072867 ] }, { "date": "2025-11-28", "close": 371.692317, "volume": 4202736, "typical_volume": 4427857.9, "trend": 346.319862, "fair_value": 280.442024, "relative_strength": -0.32789, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.159548, "energy": 43.290257, "activity_lines": [ 365.833627, 365.303184, 361.583756, 355.848347 ] }, { "date": "2025-12-05", "close": 373.012557, "volume": 4761883, "typical_volume": 4439437.9, "trend": 348.541304, "fair_value": 281.508715, "relative_strength": -0.292233, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.998096, "energy": 46.393122, "activity_lines": [ 368.109469, 366.885126, 363.107235, 357.570456 ] }, { "date": "2025-12-12", "close": 371.027234, "volume": 9409502, "typical_volume": 4750773.35, "trend": 350.154089, "fair_value": 282.590608, "relative_strength": -0.238847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.908843, "energy": 44.678197, "activity_lines": [ 369.587212, 367.886271, 364.292711, 359.021161 ] }, { "date": "2025-12-19", "close": 371.331053, "volume": 6421335, "typical_volume": 4822827.1, "trend": 352.050875, "fair_value": 283.675924, "relative_strength": -0.270203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.444767, "energy": 48.789488, "activity_lines": [ 370.757913, 368.828951, 365.391084, 360.387417 ] }, { "date": "2025-12-26", "close": 376.43851, "volume": 2855210, "typical_volume": 4747655.95, "trend": 353.930938, "fair_value": 284.794779, "relative_strength": -0.313677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.374261, "energy": 60.221567, "activity_lines": [ 373.22106, 370.41715, 366.817898, 361.960813 ] }, { "date": "2026-01-02", "close": 372.685077, "volume": 3361249, "typical_volume": 4745102.25, "trend": 355.508461, "fair_value": 285.871684, "relative_strength": -0.266504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.202733, "energy": 45.694949, "activity_lines": [ 373.215974, 371.058476, 367.743315, 363.170757 ] }, { "date": "2026-01-09", "close": 378.907612, "volume": 7257028, "typical_volume": 4924593.8, "trend": 357.347387, "fair_value": 286.949993, "relative_strength": -0.184913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.495461, "energy": 54.222091, "activity_lines": [ 375.218883, 372.761322, 369.152034, 364.68038 ] }, { "date": "2026-01-16", "close": 377.772622, "volume": 11043571, "typical_volume": 5182787.4, "trend": 359.171911, "fair_value": 288.028956, "relative_strength": -0.126486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.865669, "energy": 56.227999, "activity_lines": [ 376.450457, 374.113444, 370.319744, 365.998137 ] }, { "date": "2026-01-23", "close": 376.43851, "volume": 8746090, "typical_volume": 5463182.1, "trend": 360.583013, "fair_value": 289.064633, "relative_strength": -0.117307, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.299809, "energy": 45.674612, "activity_lines": [ 376.787636, 374.988998, 371.233733, 367.112111 ] }, { "date": "2026-01-30", "close": 376.796928, "volume": 6757463, "typical_volume": 5517440.45, "trend": 361.799477, "fair_value": 290.077832, "relative_strength": -0.399144, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.382523, "energy": 43.770908, "activity_lines": [ 376.90379, 375.725027, 372.067818, 368.15817 ] }, { "date": "2026-02-06", "close": 376.876577, "volume": 6412857, "typical_volume": 5542262.35, "trend": 363.053576, "fair_value": 291.109063, "relative_strength": -0.168623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.222023, "energy": 39.141662, "activity_lines": [ 377.022599, 376.137088, 372.819437, 369.130886 ] }, { "date": "2026-02-13", "close": 372.097669, "volume": 6305549, "typical_volume": 5687075.8, "trend": 364.065546, "fair_value": 292.109844, "relative_strength": -0.140328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.72266, "energy": 26.98937, "activity_lines": [ 375.269005, 375.585997, 373.045856, 369.714376 ] }, { "date": "2026-02-20", "close": 376.338949, "volume": 6464069, "typical_volume": 5750865.05, "trend": 365.054876, "fair_value": 293.175621, "relative_strength": -0.121014, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.332942, "energy": 25.782701, "activity_lines": [ 375.383168, 375.822683, 373.622988, 370.506209 ] }, { "date": "2026-02-27", "close": 374.606596, "volume": 6346424, "typical_volume": 5828381.8, "trend": 366.269941, "fair_value": 294.202936, "relative_strength": -0.077827, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.348574, "energy": 21.42223, "activity_lines": [ 375.015458, 375.647818, 373.980061, 371.122449 ] }, { "date": "2026-03-06", "close": 366.930476, "volume": 7457439, "typical_volume": 6033525.0, "trend": 366.960506, "fair_value": 295.247933, "relative_strength": -0.140856, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.987942, "energy": 12.477631, "activity_lines": [ 372.211168, 374.01774, 373.516329, 371.165064 ] }, { "date": "2026-03-13", "close": 361.026534, "volume": 10668962, "typical_volume": 6404038.7, "trend": 367.33712, "fair_value": 296.239345, "relative_strength": -0.244743, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.455798, "energy": 18.184657, "activity_lines": [ 368.096662, 371.487091, 372.466338, 370.782227 ] }, { "date": "2026-03-20", "close": 354.224702, "volume": 13412171, "typical_volume": 6874941.45, "trend": 367.444765, "fair_value": 297.169509, "relative_strength": -0.320961, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.984652, "energy": 49.026609, "activity_lines": [ 362.771548, 367.93172, 370.805776, 369.936265 ] }, { "date": "2026-03-27", "close": 347.239006, "volume": 14120250, "typical_volume": 7405532.0, "trend": 367.313613, "fair_value": 298.005461, "relative_strength": -0.052908, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.649468, "energy": 70.165221, "activity_lines": [ 356.309399, 363.555001, 368.559638, 368.632667 ] }, { "date": "2026-04-03", "close": 359.114689, "volume": 10719364, "typical_volume": 7575809.1, "trend": 367.534426, "fair_value": 298.921428, "relative_strength": -0.058253, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.54443, "energy": 62.526182, "activity_lines": [ 355.745808, 361.892655, 367.528629, 368.103704 ] }, { "date": "2026-04-10", "close": 371.27978, "volume": 6282969, "typical_volume": 7650306.05, "trend": 367.980887, "fair_value": 299.903342, "relative_strength": -0.264009, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.64337, "energy": 37.267342, "activity_lines": [ 360.270041, 362.757122, 367.685086, 368.34534 ] }, { "date": "2026-04-17", "close": 388.095349, "volume": 5770968, "typical_volume": 7728717.65, "trend": 368.845306, "fair_value": 300.994776, "relative_strength": -0.245102, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 23.648804, "energy": 13.59482, "activity_lines": [ 370.10951, 366.779276, 369.380655, 369.643047 ] }, { "date": "2026-04-24", "close": 389.901651, "volume": 5765223, "typical_volume": 7778884.65, "trend": 369.811297, "fair_value": 302.087175, "relative_strength": -0.306083, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 61.760714, "energy": 45.370433, "activity_lines": [ 378.746492, 370.925872, 371.170143, 371.001521 ] }, { "date": "2026-05-01", "close": 393.085133, "volume": 3458497, "typical_volume": 7481334.4, "trend": 370.755019, "fair_value": 303.210471, "relative_strength": -0.417765, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.590682, "energy": 57.806163, "activity_lines": [ 386.066171, 375.327574, 373.182397, 372.503059 ] }, { "date": "2026-05-08", "close": 401.507886, "volume": 3175119, "typical_volume": 7319023.6, "trend": 372.279946, "fair_value": 304.392018, "relative_strength": -0.607431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.261537, "energy": 84.358607, "activity_lines": [ 393.137026, 380.956209, 375.891779, 374.487115 ] }, { "date": "2026-05-15", "close": 401.6476, "volume": 2683591, "typical_volume": 7310442.65, "trend": 373.605041, "fair_value": 305.549961, "relative_strength": -0.760986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.344765, "energy": 85.438878, "activity_lines": [ 397.42824, 386.121133, 378.470768, 376.381802 ] }, { "date": "2026-05-22", "close": 405.7991, "volume": 4401018, "typical_volume": 7362431.1, "trend": 374.836898, "fair_value": 306.730381, "relative_strength": -0.587965, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.40495, "energy": 86.351527, "activity_lines": [ 401.078765, 391.409654, 381.325095, 378.458838 ] }, { "date": "2026-05-29", "close": 412.066267, "volume": 1908864, "typical_volume": 7095022.9, "trend": 376.206851, "fair_value": 307.92197, "relative_strength": -0.483407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.796021, "energy": 88.781352, "activity_lines": [ 405.638096, 397.023614, 384.618609, 380.860733 ] }, { "date": "2026-06-05", "close": 402.186497, "volume": 2701836, "typical_volume": 6677936.15, "trend": 377.449651, "fair_value": 309.043765, "relative_strength": -0.362568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.27396, "energy": 73.315711, "activity_lines": [ 405.426529, 399.789586, 386.813295, 382.536839 ] }, { "date": "2026-06-12", "close": 404.781184, "volume": 3716039, "typical_volume": 6426433.6, "trend": 378.769675, "fair_value": 310.144571, "relative_strength": -0.277811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.03995, "energy": 57.431194, "activity_lines": [ 405.473101, 402.028275, 389.138836, 384.300164 ] }, { "date": "2026-06-19", "close": 408.41, "volume": 2920696, "typical_volume": 6234595.25, "trend": 380.443936, "fair_value": 311.291348, "relative_strength": -0.300988, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.3014, "energy": 57.156776, "activity_lines": [ 406.511057, 404.096449, 391.675015, 386.212443 ] }, { "date": "2026-06-26", "close": 400.2, "volume": 3952680, "typical_volume": 6111586.4, "trend": 381.394192, "fair_value": 312.348492, "relative_strength": 0.074864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.904011, "energy": 46.327788, "activity_lines": [ 404.361521, 403.996801, 393.27875, 387.487028 ] }, { "date": "2026-07-03", "close": 408.75, "volume": 2898583, "typical_volume": 5941238.1, "trend": 382.58544, "fair_value": 313.4761, "relative_strength": 0.050745, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.988107, "energy": 48.868821, "activity_lines": [ 405.435258, 405.231613, 395.585706, 389.251919 ] }, { "date": "2026-07-10", "close": 413.11, "volume": 2005017, "typical_volume": 5718285.5, "trend": 383.988199, "fair_value": 314.593911, "relative_strength": -0.23436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.819518, "energy": 53.795198, "activity_lines": [ 408.183412, 406.916455, 398.133366, 391.221245 ] }, { "date": "2026-07-17", "close": 406.71, "volume": 1740251, "typical_volume": 5487976.85, "trend": 385.167497, "fair_value": 315.659186, "relative_strength": -0.22736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.195746, "energy": 48.315075, "activity_lines": [ 408.07, 407.073573, 399.896402, 392.687168 ] }, { "date": "2026-07-24", "close": 404.18, "volume": 2699466, "typical_volume": 5250078.2, "trend": 386.092213, "fair_value": 316.693083, "relative_strength": -0.251938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.337915, "energy": 45.905207, "activity_lines": [ 406.984667, 406.676107, 401.265613, 393.913781 ] }, { "date": "2026-07-31", "close": 408.38, "volume": 2150037, "typical_volume": 4824131.95, "trend": 387.282044, "fair_value": 317.788617, "relative_strength": -0.29688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.891914, "energy": 43.747906, "activity_lines": [ 407.581333, 406.996233, 402.857444, 395.351703 ] }, { "date": "2026-08-07", "close": 423.44, "volume": 3875244, "typical_volume": 4347285.6, "trend": 388.766457, "fair_value": 318.986135, "relative_strength": -0.120722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.69905, "energy": 55.314982, "activity_lines": [ 412.652667, 410.007616, 405.658069, 397.684474 ] } ], "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." } } }