{ "ticker": { "uuid": "82a0aad2-c2b1-4476-8fbf-13caf30cb413", "symbol": "MVUS", "name": "iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Acc)", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 77.945, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.202, "architecture_energy": 69.179, "architecture_maturity": 68.117, "architecture_confidence": 69.88, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 9.26, "rotation_up": 60.48, "upward_expansion": 85.33, "deceleration": 68.59, "rotation_down": 26.16, "downward_expansion": 12.0 }, "activity_lines": [ 100.286, 99.804182, 98.189286, 96.716301 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 101.790001, "trend_reference": 95.11, "distance_from_trend": 0.070234, "trend_direction": "Improving", "fair_value": 87.72891, "distance_from_fair_value": 0.160279, "fair_value_direction": "Improving", "relative_strength": -6.763533, "relative_strength_direction": "Improving", "price_momentum": 0.096757, "excess_performance": -0.074135, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.070234, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.024425, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.160279, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.065322, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.067635, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.030331, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.096757, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.461177, "read": "Demand-led" } ], "volume": { "latest": 7344, "relative_activity": 0.656119, "balance": 3.461177, "dry_up": 0.836855, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.015575, "annualized_volatility": 0.086813, "from_high_reference": -0.00245, "from_low_reference": 0.14693 }, "levels": { "trend_reference": 95.11, "fair_value_reference": 87.72891, "structural_low": 89.559998, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 41, "median_return": 0.011803, "positive_rate": 0.634146, "directional_follow_through": 0.634146, "median_excess_return": -0.008993, "regime_survival": 0.804878, "best_return": 0.066226, "worst_return": -0.055567, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.021922, "positive_rate": 0.642857, "directional_follow_through": 0.642857, "median_excess_return": -0.020828, "regime_survival": 0.642857, "best_return": 0.120065, "worst_return": -0.051865, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.020879, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.002775, "regime_survival": 0.625, "best_return": 0.163041, "worst_return": -0.072681, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.097998, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.068641, "regime_survival": 0.5, "best_return": 0.178082, "worst_return": -0.060662, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": 0.032879, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": 0.00214, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.031984, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-03", "tenure": "Established", "return": 0.104689, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-24", "tenure": "New", "return": 0.025545, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-14", "tenure": "Developing", "return": -0.064533, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.001197, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": -0.028251, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-07-18", "tenure": "Established", "return": 0.046528, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-25", "end": "2025-09-19", "tenure": "Developing", "return": 0.011089, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-26", "end": "2026-03-27", "tenure": "Extended", "return": -0.011245, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.017737, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-05-22", "tenure": "New", "return": 0.046627, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.047653, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 71.18, "volume": 2959, "typical_volume": 10806.6, "trend": 70.950334, "fair_value": 67.069423, "relative_strength": -9.26332, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.240511, "energy": 14.374158, "activity_lines": [ 71.668667, 71.751636, 71.710667, 71.34828 ] }, { "date": "2023-08-25", "close": 72.0, "volume": 5086, "typical_volume": 10740.2, "trend": 70.996667, "fair_value": 67.184231, "relative_strength": -9.060791, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.623389, "energy": 17.230065, "activity_lines": [ 71.700667, 71.768909, 71.758572, 71.416 ] }, { "date": "2023-09-01", "close": 73.120003, "volume": 8275, "typical_volume": 10942.4, "trend": 71.063334, "fair_value": 67.311218, "relative_strength": -8.508094, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.401715, "energy": 31.174446, "activity_lines": [ 72.130668, 72.002546, 71.906334, 71.55299 ] }, { "date": "2023-09-08", "close": 73.120003, "volume": 10333, "typical_volume": 10676.35, "trend": 71.130001, "fair_value": 67.439039, "relative_strength": -6.600541, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.044411, "energy": 48.201761, "activity_lines": [ 72.538668, 72.217456, 72.040715, 71.685678 ] }, { "date": "2023-09-15", "close": 73.870003, "volume": 6057, "typical_volume": 9600.05, "trend": 71.231334, "fair_value": 67.572821, "relative_strength": -7.225432, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.547285, "energy": 68.383131, "activity_lines": [ 73.091336, 72.559638, 72.235763, 71.862452 ] }, { "date": "2023-09-22", "close": 72.410004, "volume": 13226, "typical_volume": 10110.8, "trend": 71.306667, "fair_value": 67.696987, "relative_strength": -7.440531, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.431091, "energy": 60.253793, "activity_lines": [ 73.00867, 72.595638, 72.276906, 71.938496 ] }, { "date": "2023-09-29", "close": 71.699997, "volume": 13568, "typical_volume": 10276.65, "trend": 71.364667, "fair_value": 67.810385, "relative_strength": -6.659447, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.623916, "energy": 32.610553, "activity_lines": [ 72.607335, 72.467638, 72.242144, 71.963872 ] }, { "date": "2023-10-06", "close": 70.540001, "volume": 19382, "typical_volume": 10818.6, "trend": 71.443334, "fair_value": 67.909231, "relative_strength": -6.159211, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.108479, "energy": 7.262533, "activity_lines": [ 71.839334, 72.14091, 72.096001, 71.910667 ] }, { "date": "2023-10-13", "close": 71.959999, "volume": 5298, "typical_volume": 9641.8, "trend": 71.563001, "fair_value": 68.011923, "relative_strength": -5.13788, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.511416, "energy": 20.409302, "activity_lines": [ 71.716667, 72.113274, 72.091572, 71.944001 ] }, { "date": "2023-10-20", "close": 70.269997, "volume": 11614, "typical_volume": 9757.2, "trend": 71.630334, "fair_value": 68.112308, "relative_strength": -3.865878, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.094036, "energy": 32.555639, "activity_lines": [ 71.107999, 71.770727, 71.920477, 71.860581 ] }, { "date": "2023-10-27", "close": 69.419998, "volume": 24231, "typical_volume": 10568.2, "trend": 71.611667, "fair_value": 68.217949, "relative_strength": -4.253951, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -50.232054, "energy": 60.340567, "activity_lines": [ 70.455998, 71.298545, 71.675524, 71.717979 ] }, { "date": "2023-11-03", "close": 71.989998, "volume": 11423, "typical_volume": 10689.2, "trend": 71.659, "fair_value": 68.324872, "relative_strength": -5.109579, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.834437, "energy": 39.460287, "activity_lines": [ 70.859998, 71.325636, 71.686667, 71.742387 ] }, { "date": "2023-11-10", "close": 72.129997, "volume": 8178, "typical_volume": 10359.7, "trend": 71.719667, "fair_value": 68.426026, "relative_strength": -4.063452, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -13.531602, "energy": 18.078444, "activity_lines": [ 71.291331, 71.378362, 71.714523, 71.772774 ] }, { "date": "2023-11-17", "close": 72.440002, "volume": 10577, "typical_volume": 10501.7, "trend": 71.772334, "fair_value": 68.532372, "relative_strength": -6.563928, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.90443, "energy": 6.361963, "activity_lines": [ 71.719999, 71.505454, 71.771714, 71.819247 ] }, { "date": "2023-11-24", "close": 72.940002, "volume": 3705, "typical_volume": 10216.35, "trend": 71.845334, "fair_value": 68.643526, "relative_strength": -5.351951, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.015427, "energy": 24.664515, "activity_lines": [ 72.283334, 71.735818, 71.877381, 71.894581 ] }, { "date": "2023-12-01", "close": 74.129997, "volume": 6925, "typical_volume": 10305.0, "trend": 71.960667, "fair_value": 68.763077, "relative_strength": -5.037078, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.910385, "energy": 53.120215, "activity_lines": [ 73.065333, 72.199454, 72.090143, 72.041978 ] }, { "date": "2023-12-08", "close": 74.75, "volume": 2605, "typical_volume": 9824.55, "trend": 72.068667, "fair_value": 68.891154, "relative_strength": -5.36799, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.389613, "energy": 75.724179, "activity_lines": [ 73.74, 72.744545, 72.344619, 72.221935 ] }, { "date": "2023-12-15", "close": 74.720001, "volume": 13155, "typical_volume": 10040.1, "trend": 72.162667, "fair_value": 69.017564, "relative_strength": -4.95264, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.896273, "energy": 77.960913, "activity_lines": [ 74.220667, 73.228727, 72.584905, 72.392989 ] }, { "date": "2023-12-22", "close": 74.440002, "volume": 3443, "typical_volume": 9726.25, "trend": 72.285333, "fair_value": 69.141475, "relative_strength": -4.889931, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.260081, "energy": 76.165632, "activity_lines": [ 74.435334, 73.586, 72.789333, 72.539914 ] }, { "date": "2023-12-29", "close": 74.459999, "volume": 780, "typical_volume": 9041.0, "trend": 72.375333, "fair_value": 69.265705, "relative_strength": -4.51184, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.248396, "energy": 71.704382, "activity_lines": [ 74.523334, 73.901818, 72.981857, 72.680215 ] }, { "date": "2024-01-05", "close": 75.129997, "volume": 612, "typical_volume": 8923.65, "trend": 72.486333, "fair_value": 69.389551, "relative_strength": -3.648338, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.947746, "energy": 67.301891, "activity_lines": [ 74.733333, 74.263272, 73.224761, 72.857935 ] }, { "date": "2024-01-12", "close": 76.199997, "volume": 1035, "typical_volume": 8721.1, "trend": 72.603, "fair_value": 69.518782, "relative_strength": -2.177951, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.74029, "energy": 73.747439, "activity_lines": [ 75.233332, 74.715454, 73.550761, 73.097526 ] }, { "date": "2024-01-19", "close": 77.160004, "volume": 2834, "typical_volume": 8449.05, "trend": 72.772, "fair_value": 69.654423, "relative_strength": -0.217236, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.418252, "energy": 88.450153, "activity_lines": [ 75.956667, 75.265636, 73.94819, 73.391527 ] }, { "date": "2024-01-26", "close": 78.309998, "volume": 2661, "typical_volume": 8065.45, "trend": 72.961667, "fair_value": 69.803013, "relative_strength": 1.024161, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.694205, "energy": 94.63314, "activity_lines": [ 76.900666, 75.933454, 74.435904, 73.748817 ] }, { "date": "2024-02-02", "close": 79.389999, "volume": 10782, "typical_volume": 8301.7, "trend": 73.220333, "fair_value": 69.947308, "relative_strength": 1.328688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.843262, "energy": 96.708833, "activity_lines": [ 77.946666, 76.690909, 75.001761, 74.163548 ] }, { "date": "2024-02-09", "close": 79.669998, "volume": 85787, "typical_volume": 11929.75, "trend": 73.526333, "fair_value": 70.094936, "relative_strength": 0.295137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.530778, "energy": 95.40356, "activity_lines": [ 78.757332, 77.381999, 75.567999, 74.579655 ] }, { "date": "2024-02-16", "close": 80.150002, "volume": 4126, "typical_volume": 11457.65, "trend": 73.785667, "fair_value": 70.246859, "relative_strength": -0.912318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.434178, "energy": 94.340918, "activity_lines": [ 79.425333, 78.059636, 76.145381, 75.006989 ] }, { "date": "2024-02-23", "close": 80.940002, "volume": 4303, "typical_volume": 10703.7, "trend": 74.057333, "fair_value": 70.412372, "relative_strength": -2.809607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.684608, "energy": 94.623309, "activity_lines": [ 80.093334, 78.782727, 76.757762, 75.468559 ] }, { "date": "2024-03-01", "close": 80.849998, "volume": 2797, "typical_volume": 10578.65, "trend": 74.367667, "fair_value": 70.576474, "relative_strength": -3.561275, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.809655, "energy": 90.436959, "activity_lines": [ 80.479333, 79.376363, 77.312047, 75.906795 ] }, { "date": "2024-03-08", "close": 80.699997, "volume": 8441, "typical_volume": 10420.0, "trend": 74.669666, "fair_value": 70.725577, "relative_strength": -5.034896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.935397, "energy": 74.328147, "activity_lines": [ 80.645999, 79.826181, 77.809714, 76.315333 ] }, { "date": "2024-03-15", "close": 80.43, "volume": 3949, "typical_volume": 9405.9, "trend": 74.978, "fair_value": 70.87, "relative_strength": -6.627172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.228214, "energy": 68.012577, "activity_lines": [ 80.635333, 80.113454, 78.231999, 76.686967 ] }, { "date": "2024-03-22", "close": 82.519997, "volume": 2984, "typical_volume": 8983.95, "trend": 75.328666, "fair_value": 71.020705, "relative_strength": -5.160185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.273609, "energy": 74.94853, "activity_lines": [ 81.270665, 80.684363, 78.800904, 77.173548 ] }, { "date": "2024-03-29", "close": 83.400002, "volume": 8885, "typical_volume": 9019.3, "trend": 75.671333, "fair_value": 71.169295, "relative_strength": -5.138375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.958837, "energy": 75.354422, "activity_lines": [ 82.041333, 81.300363, 79.403476, 77.694279 ] }, { "date": "2024-04-05", "close": 82.059998, "volume": 86784, "typical_volume": 12829.65, "trend": 75.969333, "fair_value": 71.306474, "relative_strength": -4.503524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.518225, "energy": 66.723891, "activity_lines": [ 82.201332, 81.559272, 79.824761, 78.106451 ] }, { "date": "2024-04-12", "close": 82.129997, "volume": 10872, "typical_volume": 13188.0, "trend": 76.244666, "fair_value": 71.439872, "relative_strength": -3.65677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.202091, "energy": 66.365626, "activity_lines": [ 82.303998, 81.762726, 80.206904, 78.503913 ] }, { "date": "2024-04-19", "close": 80.489998, "volume": 5946, "typical_volume": 13139.05, "trend": 76.513999, "fair_value": 71.564231, "relative_strength": -5.890561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.784359, "energy": 61.471491, "activity_lines": [ 81.764665, 81.61818, 80.389094, 78.777806 ] }, { "date": "2024-04-26", "close": 81.449997, "volume": 5623, "typical_volume": 13289.95, "trend": 76.838999, "fair_value": 71.694359, "relative_strength": -5.510895, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.085158, "energy": 47.616221, "activity_lines": [ 81.541331, 81.633271, 80.632427, 79.096257 ] }, { "date": "2024-05-03", "close": 81.510002, "volume": 7423, "typical_volume": 13003.35, "trend": 77.204666, "fair_value": 71.824038, "relative_strength": -3.577109, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.351592, "energy": 41.05274, "activity_lines": [ 81.409332, 81.635635, 80.84957, 79.397612 ] }, { "date": "2024-05-10", "close": 83.639999, "volume": 3210, "typical_volume": 12991.7, "trend": 77.593999, "fair_value": 71.970833, "relative_strength": -3.843997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.518864, "energy": 54.441466, "activity_lines": [ 82.113332, 82.014908, 81.237237, 79.812795 ] }, { "date": "2024-05-17", "close": 84.190002, "volume": 2223, "typical_volume": 13063.85, "trend": 78.057999, "fair_value": 72.122372, "relative_strength": -5.070031, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 80.345169, "energy": 64.719314, "activity_lines": [ 82.895334, 82.443454, 81.633475, 80.238343 ] }, { "date": "2024-05-24", "close": 84.099998, "volume": 2259, "typical_volume": 13146.2, "trend": 78.547333, "fair_value": 72.271923, "relative_strength": -2.517519, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.168462, "energy": 75.415248, "activity_lines": [ 83.51, 82.792181, 81.974809, 80.62815 ] }, { "date": "2024-05-31", "close": 82.639999, "volume": 4924, "typical_volume": 13340.65, "trend": 78.902333, "fair_value": 72.410256, "relative_strength": -4.024321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.970064, "energy": 59.804148, "activity_lines": [ 83.397333, 82.808727, 82.13438, 80.892193 ] }, { "date": "2024-06-07", "close": 84.970001, "volume": 3219, "typical_volume": 13359.9, "trend": 79.330333, "fair_value": 72.560705, "relative_strength": -1.651278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.386031, "energy": 67.423594, "activity_lines": [ 83.982, 83.246727, 82.48519, 81.283655 ] }, { "date": "2024-06-14", "close": 86.07, "volume": 2113, "typical_volume": 13332.5, "trend": 79.784666, "fair_value": 72.716731, "relative_strength": 5.685375, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.419669, "energy": 68.741027, "activity_lines": [ 84.702667, 83.856182, 82.903571, 81.718472 ] }, { "date": "2024-06-21", "close": 86.809998, "volume": 7364, "typical_volume": 13161.6, "trend": 80.246999, "fair_value": 72.872564, "relative_strength": 4.567954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.550807, "energy": 78.175643, "activity_lines": [ 85.507999, 84.527272, 83.355475, 82.17172 ] }, { "date": "2024-06-28", "close": 86.599998, "volume": 2279, "typical_volume": 8986.2, "trend": 80.662666, "fair_value": 73.017436, "relative_strength": 4.770589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.708399, "energy": 88.677216, "activity_lines": [ 86.068666, 85.07509, 83.752047, 82.581591 ] }, { "date": "2024-07-05", "close": 85.910004, "volume": 2126, "typical_volume": 8886.2, "trend": 81.034666, "fair_value": 73.15532, "relative_strength": 1.425336, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.403937, "energy": 85.485159, "activity_lines": [ 86.232667, 85.386364, 84.049904, 82.920129 ] }, { "date": "2024-07-12", "close": 87.019997, "volume": 9357, "typical_volume": 9138.9, "trend": 81.444666, "fair_value": 73.297628, "relative_strength": 0.929561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.215102, "energy": 86.596203, "activity_lines": [ 86.548666, 85.818363, 84.426047, 83.306279 ] }, { "date": "2024-07-19", "close": 85.580002, "volume": 5517, "typical_volume": 9274.9, "trend": 81.815999, "fair_value": 73.426218, "relative_strength": 0.323575, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.678586, "energy": 61.885751, "activity_lines": [ 86.248, 85.888364, 84.636095, 83.573075 ] }, { "date": "2024-07-26", "close": 85.93, "volume": 7329, "typical_volume": 9219.3, "trend": 82.198333, "fair_value": 73.558782, "relative_strength": 1.879368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.15727, "energy": 53.948913, "activity_lines": [ 86.096667, 85.986727, 84.856952, 83.838494 ] }, { "date": "2024-08-02", "close": 84.279999, "volume": 18746, "typical_volume": 9959.15, "trend": 82.503333, "fair_value": 73.676987, "relative_strength": 5.413317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.351132, "energy": 34.203525, "activity_lines": [ 85.454, 85.753454, 84.895762, 83.972795 ] }, { "date": "2024-08-09", "close": 84.730003, "volume": 23145, "typical_volume": 10967.2, "trend": 82.787666, "fair_value": 73.79641, "relative_strength": 6.657765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.305807, "energy": 23.363649, "activity_lines": [ 85.116001, 85.598728, 84.959095, 84.116451 ] }, { "date": "2024-08-16", "close": 86.599998, "volume": 2997, "typical_volume": 10672.8, "trend": 83.102333, "fair_value": 73.920769, "relative_strength": 4.811902, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.090863, "energy": 28.447055, "activity_lines": [ 85.48, 85.746, 85.19, 84.362408 ] }, { "date": "2024-08-23", "close": 86.260002, "volume": 2532, "typical_volume": 6460.2, "trend": 83.367333, "fair_value": 74.046987, "relative_strength": 2.502304, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.341786, "energy": 27.61706, "activity_lines": [ 85.758667, 85.801819, 85.373286, 84.566129 ] }, { "date": "2024-08-30", "close": 87.440002, "volume": 5214, "typical_volume": 6177.3, "trend": 83.635666, "fair_value": 74.178397, "relative_strength": 1.725482, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.747153, "energy": 47.596343, "activity_lines": [ 86.385334, 86.068728, 85.648953, 84.828882 ] }, { "date": "2024-09-06", "close": 86.160004, "volume": 15067, "typical_volume": 6633.35, "trend": 83.852, "fair_value": 74.306346, "relative_strength": 3.495599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.768143, "energy": 44.469601, "activity_lines": [ 86.484669, 86.091456, 85.777429, 84.991742 ] }, { "date": "2024-09-13", "close": 88.760002, "volume": 4689, "typical_volume": 6586.65, "trend": 84.139, "fair_value": 74.451346, "relative_strength": 5.66766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.5994, "energy": 70.433679, "activity_lines": [ 87.325336, 86.594911, 86.126525, 85.308387 ] }, { "date": "2024-09-20", "close": 88.580002, "volume": 15452, "typical_volume": 6988.1, "trend": 84.393667, "fair_value": 74.596539, "relative_strength": 4.775187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.822188, "energy": 76.015519, "activity_lines": [ 87.837336, 87.01382, 86.423668, 85.594904 ] }, { "date": "2024-09-27", "close": 88.82, "volume": 10439, "typical_volume": 7349.55, "trend": 84.659333, "fair_value": 74.750769, "relative_strength": 2.124777, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.143793, "energy": 74.423759, "activity_lines": [ 88.297335, 87.448002, 86.710001, 85.880474 ] }, { "date": "2024-10-04", "close": 89.550003, "volume": 10275, "typical_volume": 7752.15, "trend": 84.954333, "fair_value": 74.903718, "relative_strength": 6.331197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.479221, "energy": 78.92447, "activity_lines": [ 88.830002, 87.956002, 87.041192, 86.196001 ] }, { "date": "2024-10-11", "close": 90.870003, "volume": 4487, "typical_volume": 7863.55, "trend": 85.302334, "fair_value": 75.05968, "relative_strength": 5.571864, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.949404, "energy": 80.723384, "activity_lines": [ 89.662002, 88.638184, 87.472573, 86.577657 ] }, { "date": "2024-10-18", "close": 92.870003, "volume": 3354, "typical_volume": 7785.05, "trend": 85.647334, "fair_value": 75.221282, "relative_strength": 5.093403, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.625552, "energy": 89.65037, "activity_lines": [ 90.846669, 89.564184, 88.062192, 87.065894 ] }, { "date": "2024-10-25", "close": 92.349998, "volume": 7307, "typical_volume": 7989.45, "trend": 85.945667, "fair_value": 75.373333, "relative_strength": 5.700844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.700439, "energy": 89.058867, "activity_lines": [ 91.584001, 90.247638, 88.553573, 87.498324 ] }, { "date": "2024-11-01", "close": 90.75, "volume": 1677, "typical_volume": 7967.65, "trend": 86.235334, "fair_value": 75.507949, "relative_strength": 4.084203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.074943, "energy": 81.410312, "activity_lines": [ 91.536667, 90.535638, 88.85743, 87.80828 ] }, { "date": "2024-11-08", "close": 94.25, "volume": 8410, "typical_volume": 8019.95, "trend": 86.639334, "fair_value": 75.66109, "relative_strength": 10.627266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.806077, "energy": 86.664628, "activity_lines": [ 92.527334, 91.378365, 89.472334, 88.325356 ] }, { "date": "2024-11-15", "close": 94.110001, "volume": 29379, "typical_volume": 9374.95, "trend": 87.093334, "fair_value": 75.804103, "relative_strength": 9.004618, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.576505, "energy": 78.969901, "activity_lines": [ 93.158, 92.071819, 90.038477, 88.807334 ] }, { "date": "2024-11-22", "close": 96.82, "volume": 49898, "typical_volume": 11763.55, "trend": 87.605667, "fair_value": 75.971539, "relative_strength": 14.11876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.679249, "energy": 78.434859, "activity_lines": [ 94.476, 93.113455, 90.826953, 89.434861 ] }, { "date": "2024-11-29", "close": 96.760002, "volume": 6329, "typical_volume": 11612.15, "trend": 88.114001, "fair_value": 76.141667, "relative_strength": 13.958776, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.694084, "energy": 89.034947, "activity_lines": [ 95.510668, 93.997637, 91.557763, 90.025463 ] }, { "date": "2024-12-06", "close": 96.639999, "volume": 2862, "typical_volume": 11479.4, "trend": 88.547334, "fair_value": 76.297821, "relative_strength": 9.178455, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.245636, "energy": 87.417868, "activity_lines": [ 96.211334, 94.711273, 92.230763, 90.575528 ] }, { "date": "2024-12-13", "close": 95.580002, "volume": 12858, "typical_volume": 11755.85, "trend": 88.927001, "fair_value": 76.440128, "relative_strength": 7.324219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.862945, "energy": 82.271656, "activity_lines": [ 96.166001, 95.090001, 92.750144, 91.029248 ] }, { "date": "2024-12-20", "close": 94.269997, "volume": 42472, "typical_volume": 12942.15, "trend": 89.266001, "fair_value": 76.572757, "relative_strength": 9.094808, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.385108, "energy": 60.758971, "activity_lines": [ 95.595333, 95.120909, 93.09881, 91.373958 ] }, { "date": "2024-12-27", "close": 94.660004, "volume": 14881, "typical_volume": 12528.95, "trend": 89.666667, "fair_value": 76.700064, "relative_strength": 8.021521, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.741203, "energy": 46.658875, "activity_lines": [ 95.144001, 95.16091, 93.437049, 91.721958 ] }, { "date": "2025-01-03", "close": 95.18, "volume": 13973, "typical_volume": 13077.75, "trend": 90.007001, "fair_value": 76.845641, "relative_strength": 8.459054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.042898, "energy": 38.101736, "activity_lines": [ 95.010001, 95.26291, 93.777525, 92.077657 ] }, { "date": "2025-01-10", "close": 93.559998, "volume": 18889, "typical_volume": 13895.6, "trend": 90.256667, "fair_value": 76.991667, "relative_strength": 3.561999, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.313337, "energy": 28.287974, "activity_lines": [ 94.441333, 95.018909, 93.922858, 92.306882 ] }, { "date": "2025-01-17", "close": 96.449997, "volume": 76876, "typical_volume": 17478.7, "trend": 90.578001, "fair_value": 77.1575, "relative_strength": 3.207364, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.605335, "energy": 37.589231, "activity_lines": [ 95.041332, 95.249272, 94.308667, 92.706452 ] }, { "date": "2025-01-24", "close": 95.949997, "volume": 35964, "typical_volume": 18523.55, "trend": 90.889667, "fair_value": 77.326667, "relative_strength": 2.806567, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.739818, "energy": 40.630307, "activity_lines": [ 95.416665, 95.348726, 94.603952, 93.053032 ] }, { "date": "2025-01-31", "close": 97.160004, "volume": 33753, "typical_volume": 19976.75, "trend": 91.264667, "fair_value": 77.5025, "relative_strength": 3.268292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.501373, "energy": 46.440722, "activity_lines": [ 96.083333, 95.634727, 94.967857, 93.45757 ] }, { "date": "2025-02-07", "close": 97.800003, "volume": 48875, "typical_volume": 21647.9, "trend": 91.624001, "fair_value": 77.683718, "relative_strength": 2.247713, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.913101, "energy": 60.679102, "activity_lines": [ 96.796668, 96.030909, 95.352715, 93.879205 ] }, { "date": "2025-02-14", "close": 97.089996, "volume": 55864, "typical_volume": 23919.15, "trend": 92.007667, "fair_value": 77.86859, "relative_strength": -0.981454, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.304131, "energy": 60.742018, "activity_lines": [ 97.098666, 96.279091, 95.626048, 94.23185 ] }, { "date": "2025-02-21", "close": 97.830002, "volume": 46290, "typical_volume": 25719.9, "trend": 92.404334, "fair_value": 78.052564, "relative_strength": -1.42936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.391789, "energy": 71.997993, "activity_lines": [ 97.412001, 96.653636, 95.930476, 94.607484 ] }, { "date": "2025-02-28", "close": 97.18, "volume": 35551, "typical_volume": 27273.1, "trend": 92.834334, "fair_value": 78.217372, "relative_strength": -2.719839, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.871539, "energy": 56.882327, "activity_lines": [ 97.416667, 96.869091, 96.133571, 94.915592 ] }, { "date": "2025-03-07", "close": 92.220001, "volume": 31719, "typical_volume": 28691.35, "trend": 93.084001, "fair_value": 78.355192, "relative_strength": -7.518528, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.465303, "energy": 10.853623, "activity_lines": [ 95.686, 96.129818, 95.834238, 94.875957 ] }, { "date": "2025-03-14", "close": 90.889999, "volume": 27736, "typical_volume": 29712.8, "trend": 93.227001, "fair_value": 78.47718, "relative_strength": -8.985993, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -14.625997, "energy": 22.770286, "activity_lines": [ 93.841333, 95.193091, 95.411333, 94.734409 ] }, { "date": "2025-03-21", "close": 91.889999, "volume": 18538, "typical_volume": 30555.85, "trend": 93.414667, "fair_value": 78.596282, "relative_strength": -8.84963, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.503207, "energy": 38.347838, "activity_lines": [ 92.790666, 94.516182, 95.090619, 94.648151 ] }, { "date": "2025-03-28", "close": 91.779999, "volume": 6079, "typical_volume": 30439.3, "trend": 93.559334, "fair_value": 78.709616, "relative_strength": -8.239706, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -27.835761, "energy": 42.110185, "activity_lines": [ 92.049999, 93.849636, 94.754, 94.542688 ] }, { "date": "2025-04-04", "close": 86.370003, "volume": 13845, "typical_volume": 29662.6, "trend": 93.566334, "fair_value": 78.773654, "relative_strength": -3.513001, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -63.061431, "energy": 78.284484, "activity_lines": [ 89.909334, 92.284364, 93.913905, 94.07886 ] }, { "date": "2025-04-11", "close": 82.82, "volume": 83882, "typical_volume": 31361.8, "trend": 93.368334, "fair_value": 78.818334, "relative_strength": -5.79134, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -66.286583, "energy": 83.669465, "activity_lines": [ 87.306, 90.247818, 92.772572, 93.385549 ] }, { "date": "2025-04-18", "close": 83.93, "volume": 54397, "typical_volume": 33765.2, "trend": 93.213334, "fair_value": 78.876667, "relative_strength": -9.681279, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.318484, "energy": 92.415639, "activity_lines": [ 85.699334, 88.673818, 91.803619, 92.776624 ] }, { "date": "2025-04-25", "close": 84.68, "volume": 57043, "typical_volume": 36474.25, "trend": 93.075334, "fair_value": 78.939423, "relative_strength": -12.139516, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.01372, "energy": 87.951994, "activity_lines": [ 84.806667, 87.488364, 90.967191, 92.226086 ] }, { "date": "2025-05-02", "close": 87.650002, "volume": 21652, "typical_volume": 36913.95, "trend": 93.012, "fair_value": 79.036026, "relative_strength": -11.292702, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.953054, "energy": 78.303117, "activity_lines": [ 85.384668, 87.068546, 90.470572, 91.876065 ] }, { "date": "2025-05-09", "close": 87.800003, "volume": 13712, "typical_volume": 35475.95, "trend": 92.909667, "fair_value": 79.135962, "relative_strength": -13.374303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.831767, "energy": 54.062179, "activity_lines": [ 86.288002, 86.861092, 90.026001, 91.539807 ] }, { "date": "2025-05-16", "close": 90.599998, "volume": 26006, "typical_volume": 36032.2, "trend": 92.834, "fair_value": 79.271282, "relative_strength": -13.342209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.054117, "energy": 31.966199, "activity_lines": [ 88.029334, 87.333273, 89.878905, 91.390796 ] }, { "date": "2025-05-23", "close": 87.830002, "volume": 21927, "typical_volume": 36429.9, "trend": 92.683334, "fair_value": 79.369936, "relative_strength": -13.340069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.084452, "energy": 24.902008, "activity_lines": [ 88.328668, 87.331274, 89.487334, 91.067957 ] }, { "date": "2025-05-30", "close": 89.089996, "volume": 13478, "typical_volume": 36159.35, "trend": 92.628, "fair_value": 79.480513, "relative_strength": -13.326222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.897992, "energy": 24.012991, "activity_lines": [ 88.787999, 87.614, 89.250762, 90.836129 ] }, { "date": "2025-06-06", "close": 89.690002, "volume": 4571, "typical_volume": 32544.1, "trend": 92.476, "fair_value": 79.607628, "relative_strength": -13.692284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.145352, "energy": 23.473332, "activity_lines": [ 89.153333, 88.056728, 89.092619, 90.646581 ] }, { "date": "2025-06-13", "close": 88.540001, "volume": 19761, "typical_volume": 31733.95, "trend": 92.290334, "fair_value": 79.746987, "relative_strength": -12.028712, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.415742, "energy": 17.377137, "activity_lines": [ 88.999334, 88.328364, 88.857143, 90.392645 ] }, { "date": "2025-06-20", "close": 87.690002, "volume": 9301, "typical_volume": 30511.35, "trend": 91.986, "fair_value": 79.858975, "relative_strength": -12.165763, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.652401, "energy": 20.297959, "activity_lines": [ 88.512668, 88.406001, 88.576001, 90.09585 ] }, { "date": "2025-06-27", "close": 87.779999, "volume": 9925, "typical_volume": 28563.85, "trend": 91.686667, "fair_value": 79.969744, "relative_strength": -12.940811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.614838, "energy": 22.434449, "activity_lines": [ 88.25, 88.411455, 88.348524, 89.824495 ] }, { "date": "2025-07-04", "close": 88.139999, "volume": 21280, "typical_volume": 26834.65, "trend": 91.403334, "fair_value": 80.062564, "relative_strength": -12.117084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.277393, "energy": 25.09905, "activity_lines": [ 88.110667, 88.412364, 88.203048, 89.595678 ] }, { "date": "2025-07-11", "close": 87.959999, "volume": 12910, "typical_volume": 25165.65, "trend": 91.149333, "fair_value": 80.154872, "relative_strength": -13.082005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.240558, "energy": 28.990731, "activity_lines": [ 87.974666, 88.317636, 88.083048, 89.373527 ] }, { "date": "2025-07-18", "close": 88.620003, "volume": 8629, "typical_volume": 23819.55, "trend": 90.961, "fair_value": 80.250962, "relative_strength": -12.736889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.424686, "energy": 24.420241, "activity_lines": [ 88.174001, 88.337273, 88.072905, 89.210344 ] }, { "date": "2025-07-25", "close": 89.279999, "volume": 31241, "typical_volume": 23795.65, "trend": 90.781667, "fair_value": 80.339039, "relative_strength": -12.748098, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.413811, "energy": 13.754445, "activity_lines": [ 88.588, 88.462, 88.166381, 89.101893 ] }, { "date": "2025-08-01", "close": 88.68, "volume": 14014, "typical_volume": 23109.55, "trend": 90.565, "fair_value": 80.419295, "relative_strength": -11.356019, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.142805, "energy": 10.578941, "activity_lines": [ 88.696, 88.501637, 88.216715, 88.966301 ] }, { "date": "2025-08-08", "close": 88.629997, "volume": 6328, "typical_volume": 22499.05, "trend": 90.400667, "fair_value": 80.491795, "relative_strength": -14.632125, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.116996, "energy": 10.993313, "activity_lines": [ 88.727332, 88.516727, 88.272809, 88.841462 ] }, { "date": "2025-08-15", "close": 89.699997, "volume": 13124, "typical_volume": 22851.3, "trend": 90.175667, "fair_value": 80.558846, "relative_strength": -15.349755, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.325028, "energy": 9.728225, "activity_lines": [ 89.082665, 88.734726, 88.446333, 88.796258 ] }, { "date": "2025-08-22", "close": 90.110001, "volume": 8300, "typical_volume": 22574.05, "trend": 89.981, "fair_value": 80.640257, "relative_strength": -15.936644, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.052498, "energy": 13.893368, "activity_lines": [ 89.458666, 89.02709, 88.668809, 88.792021 ] }, { "date": "2025-08-29", "close": 89.389999, "volume": 5342, "typical_volume": 18647.05, "trend": 89.722, "fair_value": 80.728462, "relative_strength": -14.122882, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.692941, "energy": 19.70536, "activity_lines": [ 89.495332, 89.159999, 88.804904, 88.753892 ] }, { "date": "2025-09-05", "close": 89.459999, "volume": 10714, "typical_volume": 16462.9, "trend": 89.444, "fair_value": 80.812757, "relative_strength": -12.542436, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.690943, "energy": 34.295331, "activity_lines": [ 89.547999, 89.274726, 88.91638, 88.736989 ] }, { "date": "2025-09-12", "close": 90.75, "volume": 2331, "typical_volume": 13727.3, "trend": 89.232667, "fair_value": 80.904616, "relative_strength": -12.929169, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.993264, "energy": 49.817019, "activity_lines": [ 89.978666, 89.593454, 89.124381, 88.821247 ] }, { "date": "2025-09-19", "close": 90.269997, "volume": 75891, "typical_volume": 16439.25, "trend": 88.980667, "fair_value": 81.014936, "relative_strength": -12.533026, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.02745, "energy": 43.983272, "activity_lines": [ 90.107999, 89.777453, 89.257761, 88.888172 ] }, { "date": "2025-09-26", "close": 90.709999, "volume": 4466, "typical_volume": 15976.95, "trend": 88.765, "fair_value": 81.137628, "relative_strength": -12.497982, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.628818, "energy": 60.967654, "activity_lines": [ 90.345999, 89.999453, 89.420571, 88.999741 ] }, { "date": "2025-10-03", "close": 91.300003, "volume": 4011, "typical_volume": 14877.2, "trend": 88.734333, "fair_value": 81.265128, "relative_strength": -12.7919, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.437603, "energy": 69.168657, "activity_lines": [ 90.740667, 90.290727, 89.625714, 89.16329 ] }, { "date": "2025-10-10", "close": 91.290001, "volume": 5497, "typical_volume": 14055.7, "trend": 88.747667, "fair_value": 81.393782, "relative_strength": -9.95046, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.824102, "energy": 64.278037, "activity_lines": [ 91.004667, 90.543454, 89.826571, 89.328172 ] }, { "date": "2025-10-17", "close": 90.559998, "volume": 19232, "typical_volume": 14343.4, "trend": 88.703333, "fair_value": 81.51468, "relative_strength": -9.712151, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.629488, "energy": 48.306372, "activity_lines": [ 90.903333, 90.616, 89.941428, 89.445096 ] }, { "date": "2025-10-24", "close": 92.18, "volume": 3197, "typical_volume": 14274.7, "trend": 88.716667, "fair_value": 81.626859, "relative_strength": -9.321099, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.429923, "energy": 55.158137, "activity_lines": [ 91.354667, 90.948, 90.203571, 89.669398 ] }, { "date": "2025-10-31", "close": 92.349998, "volume": 21311, "typical_volume": 14352.2, "trend": 88.916, "fair_value": 81.755962, "relative_strength": -10.256644, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.884289, "energy": 59.311069, "activity_lines": [ 91.735333, 91.265818, 90.470047, 89.903806 ] }, { "date": "2025-11-07", "close": 90.75, "volume": 8800, "typical_volume": 14327.15, "trend": 89.180333, "fair_value": 81.875513, "relative_strength": -10.799339, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.022817, "energy": 42.175281, "activity_lines": [ 91.473333, 91.252, 90.565999, 90.022129 ] }, { "date": "2025-11-14", "close": 92.209999, "volume": 8510, "typical_volume": 14256.4, "trend": 89.456333, "fair_value": 82.000641, "relative_strength": -11.109629, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.290052, "energy": 46.784934, "activity_lines": [ 91.734666, 91.478909, 90.786428, 90.217591 ] }, { "date": "2025-11-21", "close": 91.300003, "volume": 10587, "typical_volume": 13721.75, "trend": 89.677, "fair_value": 82.111731, "relative_strength": -8.677849, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.070718, "energy": 36.427689, "activity_lines": [ 91.631334, 91.490364, 90.899095, 90.336537 ] }, { "date": "2025-11-28", "close": 93.290001, "volume": 7183, "typical_volume": 13435.4, "trend": 89.865, "fair_value": 82.236218, "relative_strength": -7.619091, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.717243, "energy": 43.993246, "activity_lines": [ 92.142001, 91.853637, 91.186238, 90.569634 ] }, { "date": "2025-12-05", "close": 93.059998, "volume": 16041, "typical_volume": 13806.0, "trend": 90.040333, "fair_value": 82.366731, "relative_strength": -7.520645, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.608527, "energy": 47.684866, "activity_lines": [ 92.502, 92.120182, 91.426095, 90.775763 ] }, { "date": "2025-12-12", "close": 92.080002, "volume": 8792, "typical_volume": 12683.55, "trend": 90.089666, "fair_value": 82.505769, "relative_strength": -8.189758, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.836048, "energy": 40.574353, "activity_lines": [ 92.488001, 92.165818, 91.551476, 90.907355 ] }, { "date": "2025-12-19", "close": 92.760002, "volume": 10734, "typical_volume": 12519.55, "trend": 90.254, "fair_value": 82.648462, "relative_strength": -9.539397, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.241898, "energy": 49.282937, "activity_lines": [ 92.612001, 92.32091, 91.728286, 91.079634 ] }, { "date": "2025-12-26", "close": 92.870003, "volume": 445, "typical_volume": 12225.4, "trend": 90.38, "fair_value": 82.79641, "relative_strength": -8.596889, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.878089, "energy": 40.946687, "activity_lines": [ 92.736002, 92.469274, 91.896143, 91.248409 ] }, { "date": "2026-01-02", "close": 92.099998, "volume": 2040, "typical_volume": 11671.2, "trend": 90.460333, "fair_value": 82.924423, "relative_strength": -10.312182, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.879304, "energy": 31.946314, "activity_lines": [ 92.498667, 92.435637, 91.970476, 91.359376 ] }, { "date": "2026-01-09", "close": 94.510002, "volume": 9355, "typical_volume": 11723.95, "trend": 90.659333, "fair_value": 83.073205, "relative_strength": -8.192442, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.579304, "energy": 46.392681, "activity_lines": [ 93.144001, 92.841637, 92.262905, 91.620645 ] }, { "date": "2026-01-16", "close": 94.010002, "volume": 4526, "typical_volume": 11683.15, "trend": 90.87, "fair_value": 83.229167, "relative_strength": -8.364793, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.814356, "energy": 55.217603, "activity_lines": [ 93.526001, 93.117456, 92.486763, 91.836818 ] }, { "date": "2026-01-23", "close": 92.309998, "volume": 3380, "typical_volume": 11316.45, "trend": 91.021, "fair_value": 83.368269, "relative_strength": -7.609933, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.567123, "energy": 37.863163, "activity_lines": [ 93.212667, 93.02491, 92.526715, 91.929721 ] }, { "date": "2026-01-30", "close": 92.0, "volume": 5671, "typical_volume": 11483.45, "trend": 91.149667, "fair_value": 83.502116, "relative_strength": -8.819806, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.838862, "energy": 28.857167, "activity_lines": [ 92.826, 92.874182, 92.523572, 91.992882 ] }, { "date": "2026-02-06", "close": 92.809998, "volume": 5988, "typical_volume": 7988.3, "trend": 91.311333, "fair_value": 83.641154, "relative_strength": -8.228055, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.100056, "energy": 19.348151, "activity_lines": [ 92.767333, 92.858, 92.591619, 92.1 ] }, { "date": "2026-02-13", "close": 92.349998, "volume": 7741, "typical_volume": 8152.05, "trend": 91.435666, "fair_value": 83.779103, "relative_strength": -7.363194, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.50321, "energy": 19.341744, "activity_lines": [ 92.507999, 92.766909, 92.603762, 92.167011 ] }, { "date": "2026-02-20", "close": 92.779999, "volume": 3543, "typical_volume": 8128.65, "trend": 91.552333, "fair_value": 83.924167, "relative_strength": -8.578062, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.261158, "energy": 17.099142, "activity_lines": [ 92.535999, 92.766908, 92.649048, 92.253742 ] }, { "date": "2026-02-27", "close": 93.190002, "volume": 7997, "typical_volume": 8253.65, "trend": 91.702666, "fair_value": 84.073077, "relative_strength": -9.175588, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.619088, "energy": 20.756306, "activity_lines": [ 92.782666, 92.828727, 92.726333, 92.359398 ] }, { "date": "2026-03-06", "close": 94.18, "volume": 20742, "typical_volume": 8329.15, "trend": 91.887667, "fair_value": 84.239744, "relative_strength": -1.630095, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.533298, "energy": 41.316678, "activity_lines": [ 93.300667, 93.062727, 92.888857, 92.519226 ] }, { "date": "2026-03-13", "close": 93.440002, "volume": 10416, "typical_volume": 8690.1, "trend": 92.012333, "fair_value": 84.400449, "relative_strength": -2.556504, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.657594, "energy": 44.55285, "activity_lines": [ 93.426667, 93.138364, 92.963667, 92.619377 ] }, { "date": "2026-03-20", "close": 90.599998, "volume": 1284, "typical_volume": 7688.75, "trend": 92.028667, "fair_value": 84.543718, "relative_strength": -2.0548, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -1.439077, "energy": 3.652034, "activity_lines": [ 92.564, 92.673272, 92.762, 92.528258 ] }, { "date": "2026-03-27", "close": 89.690002, "volume": 26106, "typical_volume": 8554.05, "trend": 92.038667, "fair_value": 84.670064, "relative_strength": -3.983197, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -30.966137, "energy": 36.228363, "activity_lines": [ 91.514667, 92.113818, 92.482, 92.377377 ] }, { "date": "2026-04-03", "close": 90.769997, "volume": 7624, "typical_volume": 8509.75, "trend": 92.082333, "fair_value": 84.799551, "relative_strength": -7.193503, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.78284, "energy": 39.513145, "activity_lines": [ 91.031333, 91.829272, 92.309905, 92.295527 ] }, { "date": "2026-04-10", "close": 90.660004, "volume": 18425, "typical_volume": 8901.65, "trend": 92.079333, "fair_value": 84.93, "relative_strength": -10.74472, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.804208, "energy": 54.360612, "activity_lines": [ 90.672667, 91.552728, 92.134191, 92.203764 ] }, { "date": "2026-04-17", "close": 92.379997, "volume": 5560, "typical_volume": 8820.5, "trend": 92.149667, "fair_value": 85.067949, "relative_strength": -11.041649, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.488999, "energy": 46.074536, "activity_lines": [ 91.122, 91.613273, 92.125333, 92.223161 ] }, { "date": "2026-04-24", "close": 92.379997, "volume": 2617, "typical_volume": 8149.3, "trend": 92.205333, "fair_value": 85.206603, "relative_strength": -8.505081, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.480567, "energy": 14.138753, "activity_lines": [ 91.641999, 91.681636, 92.120809, 92.238021 ] }, { "date": "2026-05-01", "close": 93.080002, "volume": 2385, "typical_volume": 7828.95, "trend": 92.264667, "fair_value": 85.350256, "relative_strength": -8.64265, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.023055, "energy": 14.023772, "activity_lines": [ 92.276666, 91.876727, 92.18619, 92.294452 ] }, { "date": "2026-05-08", "close": 93.610001, "volume": 5615, "typical_volume": 7573.0, "trend": 92.342, "fair_value": 85.491923, "relative_strength": -9.796641, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.642191, "energy": 29.384831, "activity_lines": [ 92.862, 92.162727, 92.297286, 92.381247 ] }, { "date": "2026-05-15", "close": 95.519997, "volume": 50384, "typical_volume": 10069.95, "trend": 92.507333, "fair_value": 85.643333, "relative_strength": -7.390123, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.698759, "energy": 63.258247, "activity_lines": [ 93.894666, 92.788363, 92.586238, 92.586279 ] }, { "date": "2026-05-22", "close": 97.419998, "volume": 18574, "typical_volume": 10896.65, "trend": 92.682, "fair_value": 85.814231, "relative_strength": -6.080241, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 91.81277, "energy": 88.200568, "activity_lines": [ 95.236665, 93.73509, 93.043523, 92.903226 ] }, { "date": "2026-05-29", "close": 97.160004, "volume": 9060, "typical_volume": 10881.9, "trend": 92.842333, "fair_value": 85.977051, "relative_strength": -7.076175, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.590561, "energy": 90.577852, "activity_lines": [ 96.156, 94.562182, 93.450714, 93.192129 ] }, { "date": "2026-06-05", "close": 98.300003, "volume": 18606, "typical_volume": 11585.9, "trend": 93.094, "fair_value": 86.146923, "relative_strength": -5.506885, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.455704, "energy": 94.601428, "activity_lines": [ 97.136668, 95.477273, 93.953857, 93.544237 ] }, { "date": "2026-06-12", "close": 97.410004, "volume": 423, "typical_volume": 11438.05, "trend": 93.267334, "fair_value": 86.305321, "relative_strength": -8.9823, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.02451, "energy": 87.92253, "activity_lines": [ 97.472669, 96.074001, 94.35181, 93.822689 ] }, { "date": "2026-06-19", "close": 97.900002, "volume": 762, "typical_volume": 11192.6, "trend": 93.487334, "fair_value": 86.470769, "relative_strength": -10.547778, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.545801, "energy": 88.93015, "activity_lines": [ 97.718669, 96.639092, 94.772144, 94.12157 ] }, { "date": "2026-06-26", "close": 98.629997, "volume": 2706, "typical_volume": 11028.5, "trend": 93.665334, "fair_value": 86.6375, "relative_strength": -6.849869, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.213369, "energy": 91.068279, "activity_lines": [ 98.049334, 97.205274, 95.233905, 94.453355 ] }, { "date": "2026-07-03", "close": 100.07, "volume": 171, "typical_volume": 10650.0, "trend": 93.899, "fair_value": 86.819808, "relative_strength": -7.987813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.663489, "energy": 92.907719, "activity_lines": [ 98.779334, 97.919637, 95.805096, 94.866559 ] }, { "date": "2026-07-10", "close": 100.32, "volume": 17376, "typical_volume": 11341.65, "trend": 94.173667, "fair_value": 87.011026, "relative_strength": -7.148786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.455352, "energy": 92.675438, "activity_lines": [ 99.398667, 98.539637, 96.363334, 95.280817 ] }, { "date": "2026-07-17", "close": 99.620003, "volume": 13015, "typical_volume": 11592.55, "trend": 94.402334, "fair_value": 87.185705, "relative_strength": -6.251513, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.804995, "energy": 83.104511, "activity_lines": [ 99.650001, 98.900728, 96.819001, 95.632194 ] }, { "date": "2026-07-24", "close": 99.900002, "volume": 4744, "typical_volume": 10792.65, "trend": 94.636667, "fair_value": 87.359487, "relative_strength": -5.60911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.053559, "energy": 75.324566, "activity_lines": [ 99.847335, 99.203456, 97.270715, 95.986882 ] }, { "date": "2026-07-31", "close": 99.019997, "volume": 12365, "typical_volume": 10890.1, "trend": 94.867334, "fair_value": 87.535641, "relative_strength": -6.823262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.07978, "energy": 63.591366, "activity_lines": [ 99.618, 99.266546, 97.611381, 96.269678 ] }, { "date": "2026-08-07", "close": 101.790001, "volume": 7344, "typical_volume": 11193.1, "trend": 95.11, "fair_value": 87.72891, "relative_strength": -6.763533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.201974, "energy": 69.179234, "activity_lines": [ 100.286, 99.804182, 98.189286, 96.716301 ] } ], "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." } } }