{ "ticker": { "uuid": "7e8c6801-5024-42d6-af3e-7d2f9fcfe23a", "symbol": "USMV", "name": "iShares MSCI USA Min Vol Factor ETF", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 57.026, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 77.339, "architecture_energy": 78.339, "architecture_maturity": 6.972, "architecture_confidence": 75.083, "architecture_tenure": "New", "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": 34.12, "rotation_up": 72.35, "upward_expansion": 88.32, "deceleration": 47.73, "rotation_down": 9.61, "downward_expansion": 17.32 }, "activity_lines": [ 1706.733333, 1692.481159, 1674.91406, 1669.033127 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 1725.0, "trend_reference": 1663.21696, "distance_from_trend": 0.037147, "trend_direction": "Weakening", "fair_value": 1620.38631, "distance_from_fair_value": 0.064561, "fair_value_direction": "Improving", "relative_strength": -0.533838, "relative_strength_direction": "Improving", "price_momentum": 0.050047, "excess_performance": 0.104713, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.037147, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.004975, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.064561, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.052331, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005338, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.156043, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.050047, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 7.075117, "read": "Demand-led" } ], "volume": { "latest": 727, "relative_activity": 2.236235, "balance": 7.075117, "dry_up": 1.711012, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.015199, "annualized_volatility": 0.115779, "from_high_reference": -0.024521, "from_low_reference": 0.084889 }, "levels": { "trend_reference": 1663.21696, "fair_value_reference": 1620.38631, "structural_low": 1590.025066, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.006596, "positive_rate": 0.55, "directional_follow_through": 0.55, "median_excess_return": 0.000494, "regime_survival": 0.7, "best_return": 0.109165, "worst_return": -0.10416, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.0077, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.02147, "regime_survival": 0.625, "best_return": 0.265221, "worst_return": -0.04191, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.035982, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.047054, "regime_survival": 0.6, "best_return": 0.370072, "worst_return": -0.132568, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.031903, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.012026, "regime_survival": 0.333333, "best_return": 0.41937, "worst_return": -0.085438, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-01-19", "end": "2024-02-02", "tenure": "New", "return": 0.016397, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-02-09", "end": "2024-04-26", "tenure": "Developing", "return": 0.013234, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": 0.029851, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-17", "end": "2024-05-31", "tenure": "New", "return": 0.005152, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-07", "end": "2025-01-10", "tenure": "Extended", "return": 0.29853, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-21", "tenure": "Developing", "return": 0.049444, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-11", "tenure": "Developing", "return": -0.04844, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": -0.029533, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-09-19", "tenure": "Established", "return": -0.012352, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-26", "end": "2025-10-17", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-06-12", "tenure": "Extended", "return": -0.068152, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-07-03", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-07-24", "tenure": "New", "return": -0.014002, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.018901, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1274.8125, "volume": 4988, "typical_volume": 71616.95, "trend": 1289.135624, "fair_value": 1416.628762, "relative_strength": -7.48123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.663458, "energy": 22.04555, "activity_lines": [ 1265.075187, 1260.736721, 1264.521869, 1273.704551 ] }, { "date": "2023-08-25", "close": 1237.035645, "volume": 243, "typical_volume": 71624.45, "trend": 1285.184526, "fair_value": 1415.537706, "relative_strength": -9.68085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.116486, "energy": 42.964403, "activity_lines": [ 1256.53086, 1257.001856, 1260.932372, 1270.343262 ] }, { "date": "2023-09-01", "close": 1237.035645, "volume": 0, "typical_volume": 71488.35, "trend": 1280.916614, "fair_value": 1414.648516, "relative_strength": -9.053033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.991167, "energy": 52.638094, "activity_lines": [ 1249.80481, 1253.386222, 1257.696353, 1267.236882 ] }, { "date": "2023-09-08", "close": 1294.565308, "volume": 99, "typical_volume": 71493.0, "trend": 1278.566357, "fair_value": 1414.350175, "relative_strength": -3.122885, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 3.197908, "energy": 6.830139, "activity_lines": [ 1263.322445, 1260.501509, 1260.340133, 1268.117443 ] }, { "date": "2023-09-15", "close": 1294.565308, "volume": 0, "typical_volume": 70979.75, "trend": 1277.012935, "fair_value": 1414.11836, "relative_strength": -0.54443, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 14.422393, "energy": 15.968188, "activity_lines": [ 1274.0719, 1267.014311, 1263.06344, 1269.149634 ] }, { "date": "2023-09-22", "close": 1294.565308, "volume": 0, "typical_volume": 70976.55, "trend": 1277.128988, "fair_value": 1413.551111, "relative_strength": -0.792412, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.452651, "energy": 50.330962, "activity_lines": [ 1283.059375, 1272.924627, 1265.837891, 1270.282045 ] }, { "date": "2023-09-29", "close": 1294.949951, "volume": 0, "typical_volume": 70976.05, "trend": 1277.833887, "fair_value": 1412.905297, "relative_strength": 1.121083, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.247853, "energy": 63.211585, "activity_lines": [ 1290.858211, 1277.986248, 1268.72401, 1271.431784 ] }, { "date": "2023-10-06", "close": 1294.949951, "volume": 0, "typical_volume": 70974.35, "trend": 1278.691056, "fair_value": 1412.299838, "relative_strength": 3.916312, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.786542, "energy": 69.411115, "activity_lines": [ 1294.796094, 1282.490776, 1271.594352, 1272.536047 ] }, { "date": "2023-10-13", "close": 1324.866333, "volume": 358, "typical_volume": 70984.75, "trend": 1279.039844, "fair_value": 1411.926827, "relative_strength": 7.107034, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 66.515063, "energy": 85.279087, "activity_lines": [ 1304.84515, 1291.672694, 1277.271558, 1275.515097 ] }, { "date": "2023-10-20", "close": 1311.945435, "volume": 137, "typical_volume": 53145.0, "trend": 1279.1946, "fair_value": 1411.756981, "relative_strength": 8.574583, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.834992, "energy": 73.026014, "activity_lines": [ 1308.567171, 1297.199472, 1281.396486, 1277.638038 ] }, { "date": "2023-10-27", "close": 1303.994263, "volume": 247, "typical_volume": 53156.75, "trend": 1279.432678, "fair_value": 1411.536166, "relative_strength": 6.50386, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.132226, "energy": 57.1416, "activity_lines": [ 1308.480127, 1300.48404, 1284.53273, 1279.238016 ] }, { "date": "2023-11-03", "close": 1283.380981, "volume": 6464, "typical_volume": 53478.95, "trend": 1278.503178, "fair_value": 1411.278545, "relative_strength": 0.299586, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 60.820129, "energy": 47.45416, "activity_lines": [ 1300.893392, 1299.490161, 1285.50117, 1279.492745 ] }, { "date": "2023-11-10", "close": 1283.380981, "volume": 0, "typical_volume": 53476.95, "trend": 1277.242542, "fair_value": 1410.820096, "relative_strength": 0.457865, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 43.361884, "energy": 28.265137, "activity_lines": [ 1294.077921, 1297.65364, 1286.280146, 1279.807442 ] }, { "date": "2023-11-17", "close": 1283.380981, "volume": 0, "typical_volume": 53103.1, "trend": 1276.313041, "fair_value": 1410.594252, "relative_strength": -2.046267, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.266536, "energy": 26.542111, "activity_lines": [ 1288.033716, 1294.974476, 1286.909401, 1280.203471 ] }, { "date": "2023-11-24", "close": 1283.380981, "volume": 0, "typical_volume": 53103.1, "trend": 1275.582214, "fair_value": 1410.349342, "relative_strength": -2.293638, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.539612, "energy": 30.92781, "activity_lines": [ 1284.7552, 1292.498664, 1287.43412, 1280.659467 ] }, { "date": "2023-12-01", "close": 1283.380981, "volume": 0, "typical_volume": 52110.7, "trend": 1274.684163, "fair_value": 1410.104431, "relative_strength": -3.701966, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.395313, "energy": 26.109512, "activity_lines": [ 1283.380981, 1290.226203, 1287.854305, 1281.162613 ] }, { "date": "2023-12-08", "close": 1331.823486, "volume": 57, "typical_volume": 51146.25, "trend": 1276.023722, "fair_value": 1410.125565, "relative_strength": -0.633393, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 81.000491, "energy": 50.911448, "activity_lines": [ 1299.528483, 1296.964821, 1292.700726, 1284.849021 ] }, { "date": "2023-12-15", "close": 1331.823486, "volume": 0, "typical_volume": 51113.7, "trend": 1277.54904, "fair_value": 1410.233769, "relative_strength": -4.989616, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.431992, "energy": 86.815349, "activity_lines": [ 1312.446484, 1303.033012, 1297.225654, 1288.449006 ] }, { "date": "2023-12-22", "close": 1301.430176, "volume": 61, "typical_volume": 51116.75, "trend": 1279.019857, "fair_value": 1410.032723, "relative_strength": -7.100939, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.824307, "energy": 71.099189, "activity_lines": [ 1312.003882, 1302.904718, 1298.480834, 1289.989724 ] }, { "date": "2023-12-29", "close": 1310.278687, "volume": 1153, "typical_volume": 690.35, "trend": 1280.584298, "fair_value": 1409.914206, "relative_strength": -6.155511, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.950306, "energy": 72.311159, "activity_lines": [ 1313.307503, 1304.811357, 1300.348312, 1292.006423 ] }, { "date": "2024-01-05", "close": 1193.100342, "volume": 511, "typical_volume": 466.5, "trend": 1278.320276, "fair_value": 1408.887023, "relative_strength": -12.355345, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -39.670473, "energy": 30.743814, "activity_lines": [ 1273.758496, 1285.443146, 1290.855267, 1286.362297 ] }, { "date": "2024-01-12", "close": 1193.100342, "volume": 0, "typical_volume": 454.35, "trend": 1276.637174, "fair_value": 1408.079278, "relative_strength": -11.129685, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -52.145444, "energy": 58.053636, "activity_lines": [ 1240.228198, 1268.091189, 1281.751327, 1280.864237 ] }, { "date": "2024-01-19", "close": 1349.152466, "volume": 1699, "typical_volume": 539.3, "trend": 1279.8776, "fair_value": 1408.24784, "relative_strength": 0.808021, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 12.996978, "energy": 27.218967, "activity_lines": [ 1267.963485, 1280.753811, 1287.71871, 1285.542642 ] }, { "date": "2024-01-26", "close": 1349.152466, "volume": 0, "typical_volume": 534.35, "trend": 1282.801729, "fair_value": 1408.276424, "relative_strength": -1.601073, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.509738, "energy": 28.888214, "activity_lines": [ 1294.543506, 1292.220588, 1293.152203, 1290.011989 ] }, { "date": "2024-02-02", "close": 1371.273926, "volume": 547, "typical_volume": 561.7, "trend": 1286.463241, "fair_value": 1408.392017, "relative_strength": -2.20935, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 81.386434, "energy": 68.661933, "activity_lines": [ 1325.315861, 1306.513603, 1300.432563, 1295.719872 ] }, { "date": "2024-02-09", "close": 1364.264771, "volume": 232, "typical_volume": 573.3, "trend": 1290.470711, "fair_value": 1408.535655, "relative_strength": -1.008145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.528297, "energy": 64.298483, "activity_lines": [ 1349.685482, 1317.934173, 1306.680106, 1300.739326 ] }, { "date": "2024-02-16", "close": 1364.264771, "volume": 70, "typical_volume": 576.8, "trend": 1293.802543, "fair_value": 1408.541985, "relative_strength": -0.585739, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.910679, "energy": 83.871931, "activity_lines": [ 1362.644141, 1327.884129, 1312.595746, 1305.500233 ] }, { "date": "2024-02-23", "close": 1364.264771, "volume": 0, "typical_volume": 576.8, "trend": 1297.509949, "fair_value": 1408.448261, "relative_strength": 0.277244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.989958, "energy": 82.738246, "activity_lines": [ 1364.191838, 1337.244243, 1318.181315, 1310.046183 ] }, { "date": "2024-03-01", "close": 1384.278198, "volume": 433, "typical_volume": 580.55, "trend": 1301.884469, "fair_value": 1408.303947, "relative_strength": 3.689024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.817572, "energy": 82.29051, "activity_lines": [ 1371.40319, 1349.653321, 1325.342855, 1315.644135 ] }, { "date": "2024-03-08", "close": 1372.566406, "volume": 3670, "typical_volume": 757.2, "trend": 1305.365495, "fair_value": 1408.215635, "relative_strength": 3.856851, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.103656, "energy": 67.001015, "activity_lines": [ 1372.368897, 1358.426654, 1331.106072, 1320.20426 ] }, { "date": "2024-03-15", "close": 1381.961792, "volume": 103, "typical_volume": 750.0, "trend": 1308.937138, "fair_value": 1408.22569, "relative_strength": 2.224379, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.947372, "energy": 59.224752, "activity_lines": [ 1376.380233, 1367.775735, 1337.475417, 1325.145956 ] }, { "date": "2024-03-22", "close": 1382.320068, "volume": 0, "typical_volume": 426.8, "trend": 1313.779952, "fair_value": 1408.236301, "relative_strength": 1.589499, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.521642, "energy": 60.54881, "activity_lines": [ 1379.331193, 1373.756112, 1343.507609, 1329.880339 ] }, { "date": "2024-03-29", "close": 1382.320068, "volume": 0, "typical_volume": 426.8, "trend": 1318.622766, "fair_value": 1408.025589, "relative_strength": 0.243447, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.953961, "energy": 56.784672, "activity_lines": [ 1381.078467, 1376.296131, 1349.068663, 1334.302282 ] }, { "date": "2024-04-05", "close": 1382.320068, "volume": 0, "typical_volume": 426.8, "trend": 1321.547925, "fair_value": 1407.897594, "relative_strength": -0.948215, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.762449, "energy": 82.445523, "activity_lines": [ 1381.622054, 1378.233103, 1354.158578, 1338.411785 ] }, { "date": "2024-04-12", "close": 1382.320068, "volume": 0, "typical_volume": 426.8, "trend": 1324.473083, "fair_value": 1407.622092, "relative_strength": 1.710412, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.640357, "energy": 77.997366, "activity_lines": [ 1382.296183, 1379.567027, 1358.777355, 1342.332569 ] }, { "date": "2024-04-19", "close": 1382.320068, "volume": 0, "typical_volume": 426.8, "trend": 1327.398242, "fair_value": 1407.30717, "relative_strength": 2.945947, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.412569, "energy": 88.415625, "activity_lines": [ 1382.320068, 1380.700113, 1362.924993, 1346.064632 ] }, { "date": "2024-04-26", "close": 1382.320068, "volume": 0, "typical_volume": 423.95, "trend": 1330.310579, "fair_value": 1407.362288, "relative_strength": -0.580064, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.863483, "energy": 87.425695, "activity_lines": [ 1382.320068, 1381.50492, 1366.601493, 1349.607976 ] }, { "date": "2024-05-03", "close": 1332.596191, "volume": 12, "typical_volume": 424.55, "trend": 1331.565454, "fair_value": 1406.65061, "relative_strength": -2.943489, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 15.538171, "energy": 40.830303, "activity_lines": [ 1365.745442, 1372.940745, 1365.301925, 1349.755435 ] }, { "date": "2024-05-10", "close": 1372.375244, "volume": 66, "typical_volume": 424.8, "trend": 1333.149084, "fair_value": 1406.359363, "relative_strength": -1.076946, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 39.63643, "energy": 34.134661, "activity_lines": [ 1365.745426, 1372.184916, 1367.787159, 1352.388324 ] }, { "date": "2024-05-17", "close": 1372.375244, "volume": 0, "typical_volume": 367.15, "trend": 1335.163411, "fair_value": 1405.975606, "relative_strength": -0.85674, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.700927, "energy": 33.811961, "activity_lines": [ 1366.408398, 1371.645505, 1369.93456, 1354.919044 ] }, { "date": "2024-05-24", "close": 1379.446045, "volume": 178, "typical_volume": 350.5, "trend": 1337.678471, "fair_value": 1405.586312, "relative_strength": 3.422338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.07131, "energy": 31.090061, "activity_lines": [ 1370.091292, 1372.39517, 1372.459672, 1357.775988 ] }, { "date": "2024-05-31", "close": 1379.446045, "volume": 0, "typical_volume": 350.5, "trend": 1340.88064, "fair_value": 1405.183029, "relative_strength": 3.755687, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.139251, "energy": 52.29868, "activity_lines": [ 1373.965788, 1373.190576, 1374.097424, 1360.47067 ] }, { "date": "2024-06-07", "close": 1379.446045, "volume": 0, "typical_volume": 265.55, "trend": 1344.082808, "fair_value": 1404.83052, "relative_strength": 7.81809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.064507, "energy": 55.63533, "activity_lines": [ 1378.031885, 1374.038237, 1374.847815, 1362.958761 ] }, { "date": "2024-06-14", "close": 1379.745239, "volume": 0, "typical_volume": 265.55, "trend": 1347.29495, "fair_value": 1404.47993, "relative_strength": 9.074048, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.284174, "energy": 62.689087, "activity_lines": [ 1379.07439, 1374.992551, 1375.482446, 1365.259563 ] }, { "date": "2024-06-21", "close": 1501.98291, "volume": 199, "typical_volume": 248.15, "trend": 1354.581681, "fair_value": 1404.823887, "relative_strength": 17.002428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.432999, "energy": 97.172122, "activity_lines": [ 1420.371452, 1398.218712, 1387.613079, 1375.239432 ] }, { "date": "2024-06-28", "close": 1525.855591, "volume": 567, "typical_volume": 264.9, "trend": 1362.664168, "fair_value": 1405.320874, "relative_strength": 19.130928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 99.183874, "energy": 99.406389, "activity_lines": [ 1460.985563, 1423.609672, 1401.394878, 1386.289361 ] }, { "date": "2024-07-05", "close": 1530.033203, "volume": 207, "typical_volume": 271.75, "trend": 1369.271159, "fair_value": 1405.672949, "relative_strength": 19.153585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.822476, "energy": 98.489473, "activity_lines": [ 1493.231575, 1447.150462, 1414.805065, 1397.087363 ] }, { "date": "2024-07-12", "close": 1530.033203, "volume": 0, "typical_volume": 271.75, "trend": 1375.878149, "fair_value": 1405.999587, "relative_strength": 13.055772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.232569, "energy": 94.471925, "activity_lines": [ 1515.438444, 1468.005557, 1427.425878, 1407.459108 ] }, { "date": "2024-07-19", "close": 1530.033203, "volume": 0, "typical_volume": 250.1, "trend": 1383.49825, "fair_value": 1406.116378, "relative_strength": 15.293662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.553477, "energy": 90.368983, "activity_lines": [ 1527.606169, 1485.270889, 1439.257317, 1417.404596 ] }, { "date": "2024-07-26", "close": 1562.65918, "volume": 79, "typical_volume": 70.55, "trend": 1391.910933, "fair_value": 1406.489684, "relative_strength": 19.039252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.1525, "energy": 95.404032, "activity_lines": [ 1540.630021, 1505.601709, 1453.501921, 1428.963365 ] }, { "date": "2024-08-02", "close": 1562.65918, "volume": 0, "typical_volume": 65.4, "trend": 1404.229561, "fair_value": 1406.790817, "relative_strength": 19.733391, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.557441, "energy": 93.2551, "activity_lines": [ 1549.608789, 1522.472821, 1466.841321, 1439.979381 ] }, { "date": "2024-08-09", "close": 1648.093018, "volume": 109, "typical_volume": 70.85, "trend": 1419.395984, "fair_value": 1407.54994, "relative_strength": 23.663473, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 99.082738, "energy": 96.318404, "activity_lines": [ 1584.611931, 1551.546209, 1487.456814, 1455.712507 ] }, { "date": "2024-08-16", "close": 1639.250366, "volume": 66, "typical_volume": 74.15, "trend": 1429.065914, "fair_value": 1408.239661, "relative_strength": 20.06926, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.604218, "energy": 95.667501, "activity_lines": [ 1608.796867, 1574.127353, 1505.964564, 1469.896661 ] }, { "date": "2024-08-23", "close": 1732.751221, "volume": 250, "typical_volume": 86.65, "trend": 1441.852539, "fair_value": 1409.490594, "relative_strength": 27.437475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.506789, "energy": 96.85822, "activity_lines": [ 1656.867611, 1608.984937, 1532.153679, 1489.489261 ] }, { "date": "2024-08-30", "close": 1732.751221, "volume": 6, "typical_volume": 86.95, "trend": 1453.901782, "fair_value": 1410.739935, "relative_strength": 27.911678, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.906905, "energy": 92.154147, "activity_lines": [ 1691.42382, 1637.42423, 1556.674075, 1508.256918 ] }, { "date": "2024-09-06", "close": 1779.054321, "volume": 8950, "typical_volume": 534.45, "trend": 1467.728101, "fair_value": 1412.274964, "relative_strength": 35.00326, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.773015, "energy": 85.626129, "activity_lines": [ 1730.074927, 1670.086481, 1583.93557, 1529.234502 ] }, { "date": "2024-09-13", "close": 1745.682129, "volume": 83, "typical_volume": 538.6, "trend": 1480.442012, "fair_value": 1413.96489, "relative_strength": 29.288915, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.518366, "energy": 69.967273, "activity_lines": [ 1743.175627, 1692.077448, 1606.12955, 1547.167019 ] }, { "date": "2024-09-20", "close": 1751.650269, "volume": 22, "typical_volume": 539.1, "trend": 1493.354862, "fair_value": 1415.513204, "relative_strength": 28.489077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.658458, "energy": 88.984372, "activity_lines": [ 1751.759766, 1711.232642, 1627.161629, 1564.664326 ] }, { "date": "2024-09-27", "close": 1770.959595, "volume": 731, "typical_volume": 572.35, "trend": 1506.244242, "fair_value": 1417.185296, "relative_strength": 27.697344, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.951795, "energy": 92.366828, "activity_lines": [ 1759.28702, 1729.869221, 1648.037196, 1582.574309 ] }, { "date": "2024-10-04", "close": 1805.78186, "volume": 13, "typical_volume": 573.0, "trend": 1520.684757, "fair_value": 1419.14421, "relative_strength": 29.840733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.240833, "energy": 93.247878, "activity_lines": [ 1775.874471, 1750.456641, 1670.331148, 1601.899317 ] }, { "date": "2024-10-11", "close": 1777.625488, "volume": 548, "typical_volume": 591.5, "trend": 1533.873547, "fair_value": 1420.787799, "relative_strength": 27.679611, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.182844, "energy": 75.785995, "activity_lines": [ 1778.207755, 1761.504308, 1687.8797, 1618.476138 ] }, { "date": "2024-10-18", "close": 1777.11792, "volume": 16484, "typical_volume": 1415.7, "trend": 1547.033476, "fair_value": 1422.220155, "relative_strength": 25.546625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.748689, "energy": 67.496617, "activity_lines": [ 1780.467106, 1768.551212, 1703.483819, 1634.169323 ] }, { "date": "2024-10-25", "close": 1820.705566, "volume": 43, "typical_volume": 1417.85, "trend": 1561.646326, "fair_value": 1423.728901, "relative_strength": 30.908871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.918255, "energy": 73.418443, "activity_lines": [ 1795.159953, 1781.177235, 1721.345468, 1651.825587 ] }, { "date": "2024-11-01", "close": 1816.72583, "volume": 8992, "typical_volume": 1867.45, "trend": 1576.126518, "fair_value": 1425.344556, "relative_strength": 32.590431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.198734, "energy": 70.578318, "activity_lines": [ 1803.922534, 1789.780484, 1736.726858, 1668.282329 ] }, { "date": "2024-11-08", "close": 1812.746338, "volume": 25, "typical_volume": 1858.75, "trend": 1590.47406, "fair_value": 1426.813855, "relative_strength": 28.274926, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.203666, "energy": 69.369725, "activity_lines": [ 1808.307536, 1796.133378, 1749.648389, 1683.548124 ] }, { "date": "2024-11-15", "close": 1812.746338, "volume": 0, "typical_volume": 1830.4, "trend": 1604.821602, "fair_value": 1428.12097, "relative_strength": 30.70579, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.550468, "energy": 68.076337, "activity_lines": [ 1812.228239, 1801.031816, 1761.090094, 1697.888271 ] }, { "date": "2024-11-22", "close": 1812.746338, "volume": 0, "typical_volume": 1820.05, "trend": 1619.169145, "fair_value": 1429.183217, "relative_strength": 29.745261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.24582, "energy": 88.329901, "activity_lines": [ 1813.807552, 1805.317671, 1771.165652, 1711.30277 ] }, { "date": "2024-11-29", "close": 1915.223267, "volume": 80, "typical_volume": 1824.05, "trend": 1638.590047, "fair_value": 1431.099535, "relative_strength": 37.382928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.873299, "energy": 96.121399, "activity_lines": [ 1847.170614, 1827.016346, 1789.654665, 1730.403036 ] }, { "date": "2024-12-06", "close": 1890.349976, "volume": 7, "typical_volume": 1824.4, "trend": 1655.855872, "fair_value": 1432.788673, "relative_strength": 30.437104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.768764, "energy": 91.827863, "activity_lines": [ 1865.941398, 1841.21855, 1803.940555, 1746.645612 ] }, { "date": "2024-12-13", "close": 1890.349976, "volume": 0, "typical_volume": 1820.45, "trend": 1673.121696, "fair_value": 1434.378575, "relative_strength": 28.586412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.728912, "energy": 93.110171, "activity_lines": [ 1879.803907, 1853.25002, 1816.510651, 1761.774264 ] }, { "date": "2024-12-20", "close": 1890.765991, "volume": 0, "typical_volume": 1820.45, "trend": 1690.165694, "fair_value": 1436.130172, "relative_strength": 32.50916, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.295927, "energy": 69.934686, "activity_lines": [ 1888.631511, 1863.819527, 1827.559935, 1775.815832 ] }, { "date": "2024-12-27", "close": 1890.765991, "volume": 0, "typical_volume": 1815.0, "trend": 1707.209692, "fair_value": 1437.684571, "relative_strength": 31.934891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.298139, "energy": 87.525778, "activity_lines": [ 1892.257804, 1872.331934, 1837.046805, 1788.757786 ] }, { "date": "2025-01-03", "close": 1890.765991, "volume": 0, "typical_volume": 1811.7, "trend": 1724.253691, "fair_value": 1439.251694, "relative_strength": 31.322834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.745176, "energy": 84.703368, "activity_lines": [ 1890.682788, 1878.778012, 1845.37809, 1800.600128 ] }, { "date": "2025-01-10", "close": 1791.251953, "volume": 10676, "typical_volume": 2333.0, "trend": 1737.970581, "fair_value": 1440.720651, "relative_strength": 21.640925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.711958, "energy": 50.928955, "activity_lines": [ 1857.566911, 1865.856803, 1843.034154, 1804.922597 ] }, { "date": "2025-01-17", "close": 1791.251953, "volume": 0, "typical_volume": 2332.7, "trend": 1747.612883, "fair_value": 1442.166707, "relative_strength": 19.906548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.52465, "energy": 33.0552, "activity_lines": [ 1831.057568, 1853.398755, 1840.411643, 1808.360105 ] }, { "date": "2025-01-24", "close": 1791.251953, "volume": 0, "typical_volume": 1885.2, "trend": 1756.459428, "fair_value": 1443.835725, "relative_strength": 15.769779, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.76035, "energy": 39.181231, "activity_lines": [ 1811.154761, 1841.331514, 1837.510557, 1811.175528 ] }, { "date": "2025-01-31", "close": 1791.251953, "volume": 0, "typical_volume": 1881.05, "trend": 1765.16672, "fair_value": 1445.356525, "relative_strength": 15.263028, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.550097, "energy": 48.381991, "activity_lines": [ 1797.886222, 1829.65508, 1834.551388, 1813.420207 ] }, { "date": "2025-02-07", "close": 1900.896484, "volume": 56, "typical_volume": 1882.75, "trend": 1777.528829, "fair_value": 1447.82069, "relative_strength": 17.684766, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.239285, "energy": 31.888179, "activity_lines": [ 1827.80013, 1838.304823, 1841.817555, 1822.176966 ] }, { "date": "2025-02-14", "close": 1900.896484, "volume": 0, "typical_volume": 1846.2, "trend": 1789.890938, "fair_value": 1450.561504, "relative_strength": 14.133329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.200411, "energy": 45.341115, "activity_lines": [ 1857.038672, 1847.215052, 1848.373026, 1830.13617 ] }, { "date": "2025-02-21", "close": 1879.819336, "volume": 137, "typical_volume": 1852.4, "trend": 1800.462944, "fair_value": 1453.028027, "relative_strength": 12.812236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.794092, "energy": 51.712213, "activity_lines": [ 1871.941862, 1852.101318, 1852.302402, 1835.938002 ] }, { "date": "2025-02-28", "close": 1914.151733, "volume": 71, "typical_volume": 1828.55, "trend": 1812.179362, "fair_value": 1455.527037, "relative_strength": 17.127958, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.057594, "energy": 78.498541, "activity_lines": [ 1892.384692, 1863.421304, 1859.148972, 1843.272763 ] }, { "date": "2025-03-07", "close": 1914.151733, "volume": 0, "typical_volume": 1004.35, "trend": 1821.047986, "fair_value": 1457.936163, "relative_strength": 15.191526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.472541, "energy": 91.725947, "activity_lines": [ 1904.634204, 1874.316095, 1865.345416, 1849.851625 ] }, { "date": "2025-03-14", "close": 1811.125, "volume": 2579, "typical_volume": 1131.15, "trend": 1826.77714, "fair_value": 1459.616161, "relative_strength": 9.067121, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.261386, "energy": 35.155001, "activity_lines": [ 1874.348152, 1866.053558, 1861.077248, 1849.211433 ] }, { "date": "2025-03-21", "close": 1811.447998, "volume": 0, "typical_volume": 681.55, "trend": 1829.400366, "fair_value": 1461.296521, "relative_strength": 8.04202, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.804807, "energy": 6.823527, "activity_lines": [ 1850.154533, 1859.297765, 1856.885464, 1848.222456 ] }, { "date": "2025-03-28", "close": 1838.142334, "volume": 1932, "typical_volume": 776.9, "trend": 1832.913403, "fair_value": 1463.154363, "relative_strength": 7.919236, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.341586, "energy": 22.787694, "activity_lines": [ 1840.822257, 1857.028287, 1855.26113, 1848.786454 ] }, { "date": "2025-04-04", "close": 1831.384033, "volume": 1885, "typical_volume": 871.15, "trend": 1834.657727, "fair_value": 1465.087854, "relative_strength": 10.335759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -16.869309, "energy": 30.72039, "activity_lines": [ 1832.015682, 1852.677475, 1852.872215, 1848.687785 ] }, { "date": "2025-04-11", "close": 1821.430908, "volume": 55, "typical_volume": 873.9, "trend": 1837.182686, "fair_value": 1466.957543, "relative_strength": 8.927925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -25.351289, "energy": 34.870898, "activity_lines": [ 1825.409245, 1845.787329, 1849.446633, 1847.834442 ] }, { "date": "2025-04-18", "close": 1808.790527, "volume": 1766, "typical_volume": 958.2, "trend": 1839.087362, "fair_value": 1468.701862, "relative_strength": 4.491487, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.59649, "energy": 54.665399, "activity_lines": [ 1820.770735, 1836.050224, 1844.77585, 1846.002689 ] }, { "date": "2025-04-25", "close": 1755.371826, "volume": 191, "typical_volume": 967.4, "trend": 1838.567769, "fair_value": 1470.275979, "relative_strength": -5.603937, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -61.878561, "energy": 71.465488, "activity_lines": [ 1798.481624, 1818.275282, 1835.524394, 1840.601687 ] }, { "date": "2025-05-02", "close": 1755.371826, "volume": 0, "typical_volume": 967.4, "trend": 1836.887435, "fair_value": 1472.074047, "relative_strength": -4.523188, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.90137, "energy": 86.019037, "activity_lines": [ 1779.930924, 1803.146242, 1826.915691, 1835.234207 ] }, { "date": "2025-05-09", "close": 1790.476563, "volume": 7, "typical_volume": 967.75, "trend": 1837.315804, "fair_value": 1474.348901, "relative_strength": -4.32709, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.144657, "energy": 84.1246, "activity_lines": [ 1778.599837, 1796.662564, 1822.293049, 1832.239957 ] }, { "date": "2025-05-16", "close": 1821.430908, "volume": 33964, "typical_volume": 2665.95, "trend": 1838.792904, "fair_value": 1477.239989, "relative_strength": -5.499362, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.457438, "energy": 70.665812, "activity_lines": [ 1790.31403, 1798.055589, 1821.096009, 1831.215125 ] }, { "date": "2025-05-23", "close": 1844.323364, "volume": 223, "typical_volume": 2677.1, "trend": 1839.580164, "fair_value": 1479.875475, "relative_strength": -5.370781, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.201885, "energy": 25.096606, "activity_lines": [ 1809.659041, 1805.296711, 1822.40937, 1831.571929 ] }, { "date": "2025-05-30", "close": 1844.323364, "volume": 0, "typical_volume": 2143.3, "trend": 1840.500081, "fair_value": 1482.60003, "relative_strength": -4.81818, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.69386, "energy": 24.678298, "activity_lines": [ 1826.635197, 1811.934226, 1823.943886, 1831.877942 ] }, { "date": "2025-06-06", "close": 1844.323364, "volume": 0, "typical_volume": 2143.3, "trend": 1841.552649, "fair_value": 1485.323175, "relative_strength": -5.489068, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.147605, "energy": 28.426548, "activity_lines": [ 1837.68125, 1817.974008, 1825.225681, 1832.124605 ] }, { "date": "2025-06-13", "close": 1749.768188, "volume": 560, "typical_volume": 2171.3, "trend": 1839.453377, "fair_value": 1487.682001, "relative_strength": -9.571369, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.577328, "energy": 32.617398, "activity_lines": [ 1811.278808, 1806.709557, 1817.2495, 1826.203027 ] }, { "date": "2025-06-20", "close": 1731.466309, "volume": 58, "typical_volume": 2174.2, "trend": 1836.744043, "fair_value": 1489.796244, "relative_strength": -8.771152, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.930065, "energy": 71.704113, "activity_lines": [ 1781.489632, 1793.601416, 1807.727826, 1819.23612 ] }, { "date": "2025-06-27", "close": 1731.466309, "volume": 0, "typical_volume": 2171.4, "trend": 1830.618811, "fair_value": 1491.815352, "relative_strength": -10.616969, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.246741, "energy": 92.501209, "activity_lines": [ 1757.698096, 1782.128995, 1798.490844, 1812.444008 ] }, { "date": "2025-07-04", "close": 1806.427368, "volume": 18, "typical_volume": 2172.3, "trend": 1827.821391, "fair_value": 1494.240851, "relative_strength": -7.791126, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.594596, "energy": 73.818125, "activity_lines": [ 1766.417383, 1785.691752, 1797.199821, 1810.883269 ] }, { "date": "2025-07-11", "close": 1806.427368, "volume": 3905746, "typical_volume": 197452.75, "trend": 1825.02397, "fair_value": 1496.535267, "relative_strength": -5.754636, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.487727, "energy": 51.62196, "activity_lines": [ 1777.66307, 1788.326227, 1796.358652, 1809.50301 ] }, { "date": "2025-07-18", "close": 1720.187134, "volume": 277, "typical_volume": 197463.05, "trend": 1819.338008, "fair_value": 1498.138333, "relative_strength": -9.849013, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.245218, "energy": 49.119555, "activity_lines": [ 1762.688412, 1774.352377, 1787.653612, 1802.739343 ] }, { "date": "2025-07-25", "close": 1737.150391, "volume": 207, "typical_volume": 197473.4, "trend": 1814.217488, "fair_value": 1499.807058, "relative_strength": -10.66358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.177144, "energy": 43.793279, "activity_lines": [ 1755.340243, 1764.740745, 1781.487762, 1797.436916 ] }, { "date": "2025-08-01", "close": 1712.272949, "volume": 482, "typical_volume": 197368.55, "trend": 1808.26772, "fair_value": 1501.241479, "relative_strength": -11.297317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.084782, "energy": 54.751391, "activity_lines": [ 1739.320654, 1752.138315, 1773.795494, 1790.859849 ] }, { "date": "2025-08-08", "close": 1712.272949, "volume": 0, "typical_volume": 197368.55, "trend": 1805.635087, "fair_value": 1502.67514, "relative_strength": -13.006763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.128655, "energy": 79.128927, "activity_lines": [ 1724.580623, 1741.936801, 1766.573951, 1784.666638 ] }, { "date": "2025-08-15", "close": 1712.272949, "volume": 0, "typical_volume": 197271.95, "trend": 1803.002454, "fair_value": 1503.9473, "relative_strength": -13.333433, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.547179, "energy": 80.097759, "activity_lines": [ 1716.117554, 1734.136204, 1759.82467, 1778.643274 ] }, { "date": "2025-08-22", "close": 1762.037964, "volume": 113, "typical_volume": 197183.35, "trend": 1802.028654, "fair_value": 1505.767542, "relative_strength": -12.045472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.395891, "energy": 55.772823, "activity_lines": [ 1730.519783, 1737.784708, 1758.414293, 1776.000404 ] }, { "date": "2025-08-29", "close": 1741.132568, "volume": 165, "typical_volume": 197188.85, "trend": 1800.358008, "fair_value": 1507.702643, "relative_strength": -12.169917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.814177, "energy": 39.276313, "activity_lines": [ 1735.163493, 1737.409144, 1755.343144, 1772.071624 ] }, { "date": "2025-09-05", "close": 1768.001099, "volume": 50, "typical_volume": 197103.05, "trend": 1795.928162, "fair_value": 1509.363852, "relative_strength": -13.149311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.479929, "energy": 20.248601, "activity_lines": [ 1748.4979, 1741.743018, 1755.213277, 1769.984082 ] }, { "date": "2025-09-12", "close": 1768.001099, "volume": 0, "typical_volume": 197093.5, "trend": 1791.498315, "fair_value": 1511.534118, "relative_strength": -14.762139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.841854, "energy": 25.637799, "activity_lines": [ 1758.117098, 1745.412622, 1755.277644, 1768.182336 ] }, { "date": "2025-09-19", "close": 1768.361206, "volume": 0, "typical_volume": 197093.5, "trend": 1787.783044, "fair_value": 1514.113942, "relative_strength": -13.679926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.235033, "energy": 21.161236, "activity_lines": [ 1764.141122, 1749.84636, 1755.316169, 1766.689619 ] }, { "date": "2025-09-26", "close": 1768.361206, "volume": 0, "typical_volume": 197093.15, "trend": 1782.92336, "fair_value": 1516.984429, "relative_strength": -14.960538, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.928685, "energy": 19.317361, "activity_lines": [ 1766.425928, 1754.97221, 1755.292839, 1765.436597 ] }, { "date": "2025-10-03", "close": 1768.361206, "volume": 0, "typical_volume": 195394.95, "trend": 1778.063676, "fair_value": 1519.441206, "relative_strength": -14.231502, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.094685, "energy": 17.21002, "activity_lines": [ 1768.289185, 1759.222168, 1755.37482, 1764.497103 ] }, { "date": "2025-10-10", "close": 1768.361206, "volume": 0, "typical_volume": 195383.8, "trend": 1776.638216, "fair_value": 1522.349882, "relative_strength": -11.986346, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.194824, "energy": 17.900834, "activity_lines": [ 1768.337199, 1762.904656, 1755.709514, 1763.871138 ] }, { "date": "2025-10-17", "close": 1768.361206, "volume": 0, "typical_volume": 195383.8, "trend": 1775.20199, "fair_value": 1525.160414, "relative_strength": -13.416656, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.365907, "energy": 38.354879, "activity_lines": [ 1768.361206, 1765.567358, 1756.405933, 1763.337137 ] }, { "date": "2025-10-24", "close": 1768.361206, "volume": 0, "typical_volume": 195383.8, "trend": 1772.875952, "fair_value": 1527.636284, "relative_strength": -12.250988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 3.132195, "energy": 40.116206, "activity_lines": [ 1768.361206, 1767.210274, 1757.464076, 1762.895796 ] }, { "date": "2025-10-31", "close": 1717.590088, "volume": 1475, "typical_volume": 195429.55, "trend": 1769.082821, "fair_value": 1529.723051, "relative_strength": -16.560015, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.4936, "energy": 48.827795, "activity_lines": [ 1751.4375, 1758.60229, 1754.048599, 1759.328966 ] }, { "date": "2025-11-07", "close": 1717.590088, "volume": 0, "typical_volume": 195426.65, "trend": 1765.62146, "fair_value": 1531.784359, "relative_strength": -16.976296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.901069, "energy": 82.852549, "activity_lines": [ 1737.898535, 1750.80245, 1750.786351, 1756.006854 ] }, { "date": "2025-11-14", "close": 1717.590088, "volume": 14, "typical_volume": 195427.35, "trend": 1762.581445, "fair_value": 1533.794747, "relative_strength": -15.16313, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.382987, "energy": 93.024993, "activity_lines": [ 1727.744312, 1743.430655, 1747.590181, 1752.908056 ] }, { "date": "2025-11-21", "close": 1717.590088, "volume": 0, "typical_volume": 195426.45, "trend": 1761.322054, "fair_value": 1535.805136, "relative_strength": -14.128032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.92114, "energy": 92.262027, "activity_lines": [ 1720.974829, 1736.975424, 1744.460088, 1750.005388 ] }, { "date": "2025-11-28", "close": 1717.590088, "volume": 0, "typical_volume": 139.15, "trend": 1760.062663, "fair_value": 1537.511352, "relative_strength": -15.87723, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.65946, "energy": 89.024002, "activity_lines": [ 1717.590088, 1731.436757, 1741.753029, 1747.183971 ] }, { "date": "2025-12-05", "close": 1728.841553, "volume": 359, "typical_volume": 143.25, "trend": 1758.008162, "fair_value": 1539.262644, "relative_strength": -14.546168, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.654976, "energy": 89.007905, "activity_lines": [ 1721.340576, 1728.866921, 1740.540573, 1745.169706 ] }, { "date": "2025-12-12", "close": 1728.841553, "volume": 0, "typical_volume": 132.9, "trend": 1754.921851, "fair_value": 1541.193417, "relative_strength": -15.805049, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.153885, "energy": 88.123082, "activity_lines": [ 1724.340967, 1727.015625, 1739.286906, 1743.287989 ] }, { "date": "2025-12-19", "close": 1684.015503, "volume": 4030, "typical_volume": 310.3, "trend": 1749.578255, "fair_value": 1543.050114, "relative_strength": -16.434967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -96.035534, "energy": 76.946873, "activity_lines": [ 1711.649243, 1717.732677, 1733.803657, 1738.713386 ] }, { "date": "2025-12-26", "close": 1684.015503, "volume": 0, "typical_volume": 310.3, "trend": 1744.23466, "fair_value": 1544.932277, "relative_strength": -17.923913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.278721, "energy": 77.298976, "activity_lines": [ 1701.195825, 1709.983288, 1728.454967, 1734.483531 ] }, { "date": "2026-01-02", "close": 1684.015503, "volume": 0, "typical_volume": 310.3, "trend": 1738.891064, "fair_value": 1546.878102, "relative_strength": -15.367047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.114003, "energy": 75.321326, "activity_lines": [ 1692.980713, 1703.767456, 1723.240837, 1730.598424 ] }, { "date": "2026-01-09", "close": 1684.015503, "volume": 0, "typical_volume": 304.65, "trend": 1736.699308, "fair_value": 1548.83163, "relative_strength": -17.283552, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.08871, "energy": 83.574175, "activity_lines": [ 1687.003906, 1699.085183, 1718.161265, 1727.058065 ] }, { "date": "2026-01-16", "close": 1684.015503, "volume": 0, "typical_volume": 296.4, "trend": 1735.117615, "fair_value": 1551.070688, "relative_strength": -18.06074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.247452, "energy": 88.270227, "activity_lines": [ 1684.015503, 1695.013357, 1713.45323, 1723.65911 ] }, { "date": "2026-01-23", "close": 1668.180176, "volume": 115, "typical_volume": 299.65, "trend": 1733.008077, "fair_value": 1553.074608, "relative_strength": -19.559395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.755745, "energy": 74.541842, "activity_lines": [ 1678.737061, 1688.672827, 1707.509054, 1719.340565 ] }, { "date": "2026-01-30", "close": 1642.784058, "volume": 2033, "typical_volume": 401.3, "trend": 1727.5533, "fair_value": 1554.854808, "relative_strength": -19.542108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -97.006647, "energy": 93.607567, "activity_lines": [ 1666.048934, 1678.613184, 1699.621537, 1713.519661 ] }, { "date": "2026-02-06", "close": 1642.784058, "volume": 0, "typical_volume": 401.3, "trend": 1722.098523, "fair_value": 1556.635007, "relative_strength": -22.559597, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.944353, "energy": 94.364091, "activity_lines": [ 1656.109571, 1669.91365, 1692.330293, 1708.050678 ] }, { "date": "2026-02-13", "close": 1640.294189, "volume": 245, "typical_volume": 413.55, "trend": 1719.435425, "fair_value": 1558.552482, "relative_strength": -22.796168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.511815, "energy": 93.018401, "activity_lines": [ 1648.089014, 1662.121522, 1685.399904, 1702.772979 ] }, { "date": "2026-02-20", "close": 1634.318604, "volume": 778, "typical_volume": 452.45, "trend": 1716.007699, "fair_value": 1560.752706, "relative_strength": -22.424473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.119951, "energy": 93.642035, "activity_lines": [ 1640.991349, 1654.852877, 1678.510255, 1697.281571 ] }, { "date": "2026-02-27", "close": 1634.318604, "volume": 0, "typical_volume": 452.45, "trend": 1713.40922, "fair_value": 1563.063703, "relative_strength": -21.691789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.121859, "energy": 83.922626, "activity_lines": [ 1637.206812, 1649.30283, 1672.258904, 1692.011307 ] }, { "date": "2026-03-06", "close": 1699.053955, "volume": 327, "typical_volume": 468.8, "trend": 1712.968587, "fair_value": 1565.818954, "relative_strength": -13.012031, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.106453, "energy": 52.630087, "activity_lines": [ 1657.258163, 1656.426427, 1672.811123, 1691.085161 ] }, { "date": "2026-03-13", "close": 1699.053955, "volume": 0, "typical_volume": 468.8, "trend": 1712.527954, "fair_value": 1568.284667, "relative_strength": -10.29346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.655109, "energy": 25.739981, "activity_lines": [ 1673.558187, 1663.276598, 1673.693376, 1690.187442 ] }, { "date": "2026-03-20", "close": 1706.0, "volume": 0, "typical_volume": 395.05, "trend": 1710.660022, "fair_value": 1570.840419, "relative_strength": -7.31911, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.253797, "energy": 36.794599, "activity_lines": [ 1688.422233, 1671.11626, 1675.567192, 1689.766284 ] }, { "date": "2026-03-27", "close": 1650.0, "volume": 266, "typical_volume": 408.35, "trend": 1707.62227, "fair_value": 1573.104189, "relative_strength": -13.218877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.616852, "energy": 43.070151, "activity_lines": [ 1680.239225, 1668.374385, 1672.162866, 1685.852734 ] }, { "date": "2026-04-03", "close": 1653.0, "volume": 215, "typical_volume": 418.4, "trend": 1703.7889, "fair_value": 1575.294791, "relative_strength": -16.151493, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.499985, "energy": 29.993347, "activity_lines": [ 1672.010791, 1666.796429, 1669.366111, 1682.328717 ] }, { "date": "2026-04-10", "close": 1653.0, "volume": 0, "typical_volume": 418.4, "trend": 1699.95553, "fair_value": 1577.421714, "relative_strength": -15.863443, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.788822, "energy": 40.821232, "activity_lines": [ 1662.53693, 1665.494476, 1666.876928, 1679.052014 ] }, { "date": "2026-04-17", "close": 1615.94397, "volume": 1804, "typical_volume": 508.6, "trend": 1694.874955, "fair_value": 1579.374778, "relative_strength": -16.891884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.358158, "energy": 61.68936, "activity_lines": [ 1643.781323, 1657.269318, 1661.166172, 1673.631913 ] }, { "date": "2026-04-24", "close": 1638.882202, "volume": 62, "typical_volume": 493.75, "trend": 1690.558989, "fair_value": 1581.513088, "relative_strength": -14.558021, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.408176, "energy": 71.638545, "activity_lines": [ 1638.212459, 1653.70275, 1658.124037, 1670.019477 ] }, { "date": "2026-05-01", "close": 1632.372559, "volume": 116, "typical_volume": 499.55, "trend": 1686.026034, "fair_value": 1583.577512, "relative_strength": -12.728146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.227315, "energy": 78.37669, "activity_lines": [ 1634.948234, 1648.978283, 1654.890315, 1666.265514 ] }, { "date": "2026-05-08", "close": 1604.978271, "volume": 599, "typical_volume": 328.0, "trend": 1680.579936, "fair_value": 1585.586111, "relative_strength": -16.138172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.080391, "energy": 83.806467, "activity_lines": [ 1623.727742, 1639.308418, 1649.506989, 1661.036626 ] }, { "date": "2026-05-15", "close": 1639.869019, "volume": 183, "typical_volume": 337.15, "trend": 1676.296863, "fair_value": 1587.854092, "relative_strength": -11.493803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.578082, "energy": 48.942523, "activity_lines": [ 1627.338949, 1636.515787, 1647.82296, 1658.410115 ] }, { "date": "2026-05-22", "close": 1652.330078, "volume": 377, "typical_volume": 356.0, "trend": 1672.429159, "fair_value": 1590.3863, "relative_strength": -10.821849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.978355, "energy": 38.321778, "activity_lines": [ 1635.97924, 1637.064893, 1647.535919, 1656.863871 ] }, { "date": "2026-05-29", "close": 1690.709961, "volume": 5, "typical_volume": 356.25, "trend": 1671.533154, "fair_value": 1593.125816, "relative_strength": -8.619802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.464386, "energy": 8.113976, "activity_lines": [ 1654.987085, 1645.441684, 1651.054988, 1658.043278 ] }, { "date": "2026-06-05", "close": 1669.775513, "volume": 28, "typical_volume": 357.65, "trend": 1669.939335, "fair_value": 1595.746037, "relative_strength": -5.976266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -12.804017, "energy": 23.435727, "activity_lines": [ 1663.561597, 1650.290212, 1652.548422, 1657.929882 ] }, { "date": "2026-06-12", "close": 1647.844116, "volume": 0, "typical_volume": 351.9, "trend": 1667.61447, "fair_value": 1598.337388, "relative_strength": -9.283246, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.651321, "energy": 25.09135, "activity_lines": [ 1662.332113, 1650.791659, 1652.020961, 1656.504384 ] }, { "date": "2026-06-19", "close": 1655.0, "volume": 0, "typical_volume": 250.25, "trend": 1665.528133, "fair_value": 1600.921108, "relative_strength": -8.135672, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.098136, "energy": 17.914869, "activity_lines": [ 1660.6302, 1652.68792, 1652.271851, 1655.690547 ] }, { "date": "2026-06-26", "close": 1655.0, "volume": 0, "typical_volume": 250.25, "trend": 1663.441797, "fair_value": 1603.444002, "relative_strength": -7.107967, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.63646, "energy": 10.605202, "activity_lines": [ 1657.919556, 1654.547816, 1652.464569, 1655.011312 ] }, { "date": "2026-07-03", "close": 1655.0, "volume": 0, "typical_volume": 238.0, "trend": 1660.980412, "fair_value": 1605.966895, "relative_strength": -6.438898, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -25.206278, "energy": 12.614454, "activity_lines": [ 1655.030916, 1655.697603, 1652.599117, 1654.46668 ] }, { "date": "2026-07-10", "close": 1714.0, "volume": 622, "typical_volume": 230.2, "trend": 1660.485693, "fair_value": 1608.979455, "relative_strength": -1.841436, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.752096, "energy": 40.769908, "activity_lines": [ 1674.189608, 1667.281612, 1658.282685, 1657.887299 ] }, { "date": "2026-07-17", "close": 1710.0, "volume": 347, "typical_volume": 247.55, "trend": 1661.351843, "fair_value": 1611.836444, "relative_strength": -1.921135, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.668699, "energy": 64.244017, "activity_lines": [ 1689.066667, 1676.654213, 1663.205865, 1661.08177 ] }, { "date": "2026-07-24", "close": 1690.0, "volume": 51, "typical_volume": 233.75, "trend": 1661.551327, "fair_value": 1614.637453, "relative_strength": -2.353989, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 59.975672, "energy": 71.64597, "activity_lines": [ 1693.133333, 1680.480964, 1665.863895, 1662.930039 ] }, { "date": "2026-07-31", "close": 1693.0, "volume": 1100, "typical_volume": 288.75, "trend": 1661.85081, "fair_value": 1617.457692, "relative_strength": -2.645162, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.673133, "energy": 70.868308, "activity_lines": [ 1695.866667, 1683.941697, 1668.850754, 1664.958985 ] }, { "date": "2026-08-07", "close": 1725.0, "volume": 727, "typical_volume": 325.1, "trend": 1663.21696, "fair_value": 1620.38631, "relative_strength": -0.533838, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.339281, "energy": 78.338625, "activity_lines": [ 1706.733333, 1692.481159, 1674.91406, 1669.033127 ] } ], "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." } } }