{ "ticker": { "uuid": "8403f0da-4934-4ddd-b76a-bdaf953d5448", "symbol": "AON", "name": "Aon PLC", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "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": 48.844, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 61.811, "architecture_energy": 65.214, "architecture_maturity": 10.148, "architecture_confidence": 71.725, "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": 18.67, "rotation_up": 67.96, "upward_expansion": 87.41, "deceleration": 46.75, "rotation_down": 11.71, "downward_expansion": 14.08 }, "activity_lines": [ 360.125457, 353.803256, 341.143101, 336.11788 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 358.3, "trend_reference": 332.730262, "distance_from_trend": 0.076848, "trend_direction": "Weakening", "fair_value": 335.975593, "distance_from_fair_value": 0.066447, "fair_value_direction": "Improving", "relative_strength": -6.604298, "relative_strength_direction": "Improving", "price_momentum": 0.050296, "excess_performance": -0.075329, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.076848, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.001273, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.066447, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.130269, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.066043, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.131745, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.050296, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.37625, "read": "Demand-led" } ], "volume": { "latest": 6109602, "relative_activity": 0.855474, "balance": 1.37625, "dry_up": 1.026394, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.053424, "annualized_volatility": 0.255038, "from_high_reference": -0.060727, "from_low_reference": 0.179432 }, "levels": { "trend_reference": 332.730262, "fair_value_reference": 335.975593, "structural_low": 303.790321, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 22, "median_return": -0.005331, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.005413, "regime_survival": 0.636364, "best_return": 0.082538, "worst_return": -0.139916, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.007852, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.001004, "regime_survival": 0.5, "best_return": 0.141235, "worst_return": -0.175726, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.020598, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.010423, "regime_survival": 0.333333, "best_return": 0.194623, "worst_return": -0.177933, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.082859, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.066795, "regime_survival": 0.0, "best_return": 0.095402, "worst_return": 0.076168, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-26", "end": "2024-08-23", "tenure": "Developing", "return": 0.044934, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-12-20", "tenure": "Established", "return": 0.044845, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-27", "end": "2025-02-07", "tenure": "Developing", "return": 0.074438, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-04-04", "tenure": "Developing", "return": -0.029019, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-11", "end": "2025-04-25", "tenure": "New", "return": -0.107494, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.015916, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-23", "end": "2025-08-01", "tenure": "Developing", "return": -0.006549, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-08-08", "end": "2025-10-24", "tenure": "Developing", "return": -0.078248, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2025-12-12", "tenure": "Developing", "return": 0.040758, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-02-13", "tenure": "Developing", "return": -0.079004, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-06-05", "tenure": "Established", "return": 0.013304, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-12", "end": "2026-07-03", "tenure": "New", "return": 0.06362, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-07-24", "tenure": "New", "return": 0.013336, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": -0.003962, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 316.593074, "volume": 3817342, "typical_volume": 4020850.95, "trend": 312.392508, "fair_value": 265.829565, "relative_strength": -2.543683, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.969496, "energy": 22.188369, "activity_lines": [ 314.406661, 319.135959, 318.876644, 316.29184 ] }, { "date": "2023-08-25", "close": 324.418509, "volume": 3127008, "typical_volume": 4014778.25, "trend": 312.866167, "fair_value": 266.68521, "relative_strength": -1.030406, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.087249, "energy": 19.839813, "activity_lines": [ 317.075928, 319.60911, 319.433183, 317.067711 ] }, { "date": "2023-09-01", "close": 326.636204, "volume": 2379625, "typical_volume": 3990525.45, "trend": 313.579195, "fair_value": 267.538984, "relative_strength": -2.893381, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.790825, "energy": 23.077596, "activity_lines": [ 321.016741, 320.42642, 320.148606, 317.9561 ] }, { "date": "2023-09-08", "close": 325.766711, "volume": 2296168, "typical_volume": 3824387.0, "trend": 314.127637, "fair_value": 268.394525, "relative_strength": -1.977966, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 49.503396, "energy": 31.38678, "activity_lines": [ 323.681882, 321.022605, 320.729597, 318.742392 ] }, { "date": "2023-09-15", "close": 328.414268, "volume": 4629512, "typical_volume": 3805687.0, "trend": 315.009261, "fair_value": 269.270339, "relative_strength": -1.138597, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.962721, "energy": 45.885927, "activity_lines": [ 326.031793, 322.297061, 321.557519, 319.66411 ] }, { "date": "2023-09-22", "close": 328.277494, "volume": 3025546, "typical_volume": 3744168.55, "trend": 316.123146, "fair_value": 270.173658, "relative_strength": 1.716681, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.795775, "energy": 51.633721, "activity_lines": [ 327.335706, 323.521844, 322.318418, 320.520125 ] }, { "date": "2023-09-29", "close": 316.749387, "volume": 2516791, "typical_volume": 3697384.8, "trend": 316.817076, "fair_value": 270.947052, "relative_strength": -1.186003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.577894, "energy": 25.979908, "activity_lines": [ 324.017956, 322.647792, 321.943008, 320.560527 ] }, { "date": "2023-10-06", "close": 319.504409, "volume": 2901553, "typical_volume": 3615603.3, "trend": 317.921736, "fair_value": 271.715658, "relative_strength": -0.810414, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.693607, "energy": 14.091722, "activity_lines": [ 322.129821, 322.559269, 321.882561, 320.733904 ] }, { "date": "2023-10-13", "close": 318.586069, "volume": 3650453, "typical_volume": 3622196.25, "trend": 318.919549, "fair_value": 272.455809, "relative_strength": -1.525654, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 21.358417, "energy": 12.131416, "activity_lines": [ 320.411027, 322.164578, 321.732092, 320.776764 ] }, { "date": "2023-10-20", "close": 306.882109, "volume": 3647775, "typical_volume": 3637836.65, "trend": 319.119444, "fair_value": 273.155002, "relative_strength": -2.799999, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.690715, "energy": 26.547851, "activity_lines": [ 315.269621, 319.445792, 320.392392, 320.000155 ] }, { "date": "2023-10-27", "close": 299.808932, "volume": 4705833, "typical_volume": 3736682.15, "trend": 318.884702, "fair_value": 273.948554, "relative_strength": -2.604543, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -75.918812, "energy": 67.045423, "activity_lines": [ 309.205967, 315.55963, 318.374754, 318.754316 ] }, { "date": "2023-11-03", "close": 316.45883, "volume": 5219994, "typical_volume": 3772307.65, "trend": 318.985654, "fair_value": 274.809962, "relative_strength": -2.860277, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.059773, "energy": 56.242873, "activity_lines": [ 310.590183, 315.005888, 317.974614, 318.597808 ] }, { "date": "2023-11-10", "close": 326.991795, "volume": 3571494, "typical_volume": 3676159.5, "trend": 319.358874, "fair_value": 275.652492, "relative_strength": -1.017528, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.071039, "energy": 29.21736, "activity_lines": [ 315.504759, 316.511952, 318.60005, 319.114333 ] }, { "date": "2023-11-17", "close": 322.782524, "volume": 5029468, "typical_volume": 3728605.2, "trend": 319.295921, "fair_value": 276.503419, "relative_strength": -4.412627, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.317857, "energy": 3.433501, "activity_lines": [ 318.517084, 317.246229, 318.8064, 319.335214 ] }, { "date": "2023-11-24", "close": 323.056616, "volume": 2964314, "typical_volume": 3750521.25, "trend": 319.495307, "fair_value": 277.307602, "relative_strength": -5.17256, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.231397, "energy": 15.987373, "activity_lines": [ 321.34101, 318.084599, 319.104633, 319.577839 ] }, { "date": "2023-12-01", "close": 319.875191, "volume": 4682359, "typical_volume": 3860017.85, "trend": 319.483988, "fair_value": 278.060609, "relative_strength": -6.770085, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.86612, "energy": 15.914618, "activity_lines": [ 322.026161, 318.44194, 319.118889, 319.602348 ] }, { "date": "2023-12-08", "close": 317.261528, "volume": 5255831, "typical_volume": 3831085.3, "trend": 319.133003, "fair_value": 278.842789, "relative_strength": -7.567983, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.946739, "energy": 7.170628, "activity_lines": [ 320.50234, 318.476838, 318.923499, 319.458963 ] }, { "date": "2023-12-15", "close": 303.879963, "volume": 7498747, "typical_volume": 3987504.7, "trend": 318.630112, "fair_value": 279.530728, "relative_strength": -13.269572, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -56.65183, "energy": 31.408034, "activity_lines": [ 314.464484, 316.069414, 317.525777, 318.474896 ] }, { "date": "2023-12-22", "close": 285.515797, "volume": 8499667, "typical_volume": 4176991.45, "trend": 318.04975, "fair_value": 280.069554, "relative_strength": -18.895737, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.099061, "energy": 64.325656, "activity_lines": [ 303.846028, 310.60713, 314.417032, 316.338489 ] }, { "date": "2023-12-29", "close": 284.879512, "volume": 3893089, "typical_volume": 4165628.45, "trend": 317.346445, "fair_value": 280.600253, "relative_strength": -18.992732, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.408038, "energy": 77.255864, "activity_lines": [ 295.499926, 305.630436, 311.353807, 314.198473 ] }, { "date": "2024-01-05", "close": 283.479685, "volume": 4188799, "typical_volume": 4184201.3, "trend": 316.579578, "fair_value": 281.159077, "relative_strength": -17.742848, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.716999, "energy": 81.896738, "activity_lines": [ 289.232355, 300.799276, 308.293115, 312.013521 ] }, { "date": "2024-01-12", "close": 293.904971, "volume": 5374529, "typical_volume": 4296577.35, "trend": 315.670732, "fair_value": 281.768112, "relative_strength": -15.915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.953529, "energy": 76.603957, "activity_lines": [ 288.866246, 298.160517, 306.382991, 310.550643 ] }, { "date": "2024-01-19", "close": 305.005698, "volume": 5045869, "typical_volume": 4429889.55, "trend": 315.065281, "fair_value": 282.457319, "relative_strength": -13.373507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.983394, "energy": 57.00464, "activity_lines": [ 293.757483, 297.950142, 305.675381, 309.862576 ] }, { "date": "2024-01-26", "close": 295.529945, "volume": 7010700, "typical_volume": 4665616.15, "trend": 313.696411, "fair_value": 283.103567, "relative_strength": -16.548452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.761136, "energy": 38.873041, "activity_lines": [ 295.415087, 296.416651, 304.168321, 308.602232 ] }, { "date": "2024-02-02", "close": 286.820253, "volume": 7057783, "typical_volume": 4787029.7, "trend": 312.355419, "fair_value": 283.570333, "relative_strength": -19.780995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.236413, "energy": 39.860683, "activity_lines": [ 293.501851, 293.79508, 301.975751, 306.868286 ] }, { "date": "2024-02-09", "close": 306.595548, "volume": 5909492, "typical_volume": 4931227.0, "trend": 311.637849, "fair_value": 284.134242, "relative_strength": -15.065471, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.12594, "energy": 21.1931, "activity_lines": [ 298.050997, 295.427861, 301.86461, 306.496682 ] }, { "date": "2024-02-16", "close": 305.300737, "volume": 4722713, "typical_volume": 5041523.1, "trend": 310.734434, "fair_value": 284.688007, "relative_strength": -14.815934, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.598698, "energy": 18.42364, "activity_lines": [ 300.627482, 297.066669, 301.7334, 306.087836 ] }, { "date": "2024-02-23", "close": 309.302881, "volume": 3197576, "typical_volume": 5056324.25, "trend": 310.649576, "fair_value": 285.271299, "relative_strength": -14.782523, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.147851, "energy": 15.123421, "activity_lines": [ 303.778297, 299.650609, 302.037864, 305.995478 ] }, { "date": "2024-03-01", "close": 308.233681, "volume": 3902597, "typical_volume": 5068931.45, "trend": 310.664017, "fair_value": 285.816702, "relative_strength": -15.581712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.719798, "energy": 18.911863, "activity_lines": [ 306.286233, 301.941551, 302.289079, 305.839614 ] }, { "date": "2024-03-08", "close": 310.705592, "volume": 3236336, "typical_volume": 5048359.5, "trend": 310.57393, "fair_value": 286.407203, "relative_strength": -14.378606, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.421264, "energy": 15.450134, "activity_lines": [ 308.771223, 304.268878, 302.825011, 305.842296 ] }, { "date": "2024-03-15", "close": 312.902847, "volume": 4106100, "typical_volume": 5018372.85, "trend": 310.450923, "fair_value": 287.043132, "relative_strength": -13.402179, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.055083, "energy": 19.192208, "activity_lines": [ 310.396276, 306.526142, 303.551997, 305.992548 ] }, { "date": "2024-03-22", "close": 320.554003, "volume": 4170315, "typical_volume": 4965888.9, "trend": 310.322106, "fair_value": 287.694859, "relative_strength": -12.851951, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.774643, "energy": 50.482048, "activity_lines": [ 314.151228, 309.639558, 304.945314, 306.64436 ] }, { "date": "2024-03-29", "close": 327.351761, "volume": 3512120, "typical_volume": 4962920.2, "trend": 310.345958, "fair_value": 288.368713, "relative_strength": -10.993811, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.007819, "energy": 61.831441, "activity_lines": [ 319.155215, 313.504402, 306.966535, 307.743048 ] }, { "date": "2024-04-05", "close": 312.902847, "volume": 5436357, "typical_volume": 4983264.65, "trend": 309.917162, "fair_value": 288.917989, "relative_strength": -13.751531, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.194867, "energy": 46.665107, "activity_lines": [ 318.139638, 314.335878, 307.609955, 307.908008 ] }, { "date": "2024-04-12", "close": 302.122565, "volume": 3878847, "typical_volume": 5028991.3, "trend": 309.040772, "fair_value": 289.385131, "relative_strength": -15.054595, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 5.839244, "energy": 15.330581, "activity_lines": [ 313.219357, 312.891433, 307.273728, 307.405131 ] }, { "date": "2024-04-19", "close": 304.270774, "volume": 4482180, "typical_volume": 5018982.35, "trend": 308.240548, "fair_value": 289.916623, "relative_strength": -11.287387, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 0.575478, "energy": 3.757582, "activity_lines": [ 309.587346, 311.559347, 307.241778, 307.097389 ] }, { "date": "2024-04-26", "close": 279.590892, "volume": 8340707, "typical_volume": 5173226.15, "trend": 307.001932, "fair_value": 290.160483, "relative_strength": -20.088547, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -64.146836, "energy": 43.138296, "activity_lines": [ 298.30418, 305.782279, 304.933669, 305.249024 ] }, { "date": "2024-05-03", "close": 275.284779, "volume": 12622088, "typical_volume": 5429393.2, "trend": 305.527944, "fair_value": 290.333141, "relative_strength": -21.23786, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.142946, "energy": 65.867079, "activity_lines": [ 288.316517, 299.689732, 302.394839, 303.202756 ] }, { "date": "2024-05-10", "close": 288.195052, "volume": 9949139, "typical_volume": 5501866.8, "trend": 304.51491, "fair_value": 290.614914, "relative_strength": -18.471865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.298977, "energy": 72.007589, "activity_lines": [ 286.103411, 296.563019, 301.221726, 302.084505 ] }, { "date": "2024-05-17", "close": 287.55593, "volume": 7922855, "typical_volume": 5703355.1, "trend": 303.870704, "fair_value": 290.898932, "relative_strength": -19.450779, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.775217, "energy": 72.794895, "activity_lines": [ 285.32445, 293.684441, 299.974986, 300.990377 ] }, { "date": "2024-05-24", "close": 276.051726, "volume": 6952343, "typical_volume": 5841532.3, "trend": 303.078797, "fair_value": 291.108221, "relative_strength": -22.205182, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.088827, "energy": 74.275201, "activity_lines": [ 281.681864, 289.135092, 297.619863, 299.195605 ] }, { "date": "2024-05-31", "close": 276.926832, "volume": 5637147, "typical_volume": 5854663.2, "trend": 301.761064, "fair_value": 291.33759, "relative_strength": -21.199262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.929809, "energy": 57.8364, "activity_lines": [ 280.212249, 285.414873, 295.383454, 297.508381 ] }, { "date": "2024-06-07", "close": 278.382065, "volume": 6327095, "typical_volume": 5918724.5, "trend": 300.14074, "fair_value": 291.581892, "relative_strength": -21.311424, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.854768, "energy": 48.734653, "activity_lines": [ 279.405316, 282.752464, 293.366487, 296.000058 ] }, { "date": "2024-06-14", "close": 290.44673, "volume": 9924674, "typical_volume": 6064423.2, "trend": 299.06288, "fair_value": 292.026755, "relative_strength": -18.747455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.0669, "energy": 41.057438, "activity_lines": [ 282.413453, 283.173989, 292.625315, 295.374638 ] }, { "date": "2024-06-21", "close": 292.482089, "volume": 10728797, "typical_volume": 6247973.9, "trend": 298.043729, "fair_value": 292.400853, "relative_strength": -18.178312, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.908408, "energy": 27.42586, "activity_lines": [ 285.94993, 284.373871, 292.102192, 294.950071 ] }, { "date": "2024-06-28", "close": 288.66702, "volume": 8775020, "typical_volume": 6391250.3, "trend": 297.003457, "fair_value": 292.775867, "relative_strength": -18.631472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.373546, "energy": 19.333664, "activity_lines": [ 287.886307, 285.055386, 291.188769, 294.345122 ] }, { "date": "2024-07-05", "close": 290.908865, "volume": 3386175, "typical_volume": 6324423.4, "trend": 296.125035, "fair_value": 293.185451, "relative_strength": -18.986237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.703122, "energy": 22.006139, "activity_lines": [ 289.728946, 286.428214, 290.574228, 293.951923 ] }, { "date": "2024-07-12", "close": 293.140877, "volume": 6000867, "typical_volume": 6464587.95, "trend": 295.767065, "fair_value": 293.637546, "relative_strength": -18.619721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.824196, "energy": 20.16036, "activity_lines": [ 291.383454, 288.001081, 290.240793, 293.759397 ] }, { "date": "2024-07-19", "close": 291.213677, "volume": 4890077, "typical_volume": 6513961.95, "trend": 295.956994, "fair_value": 294.072669, "relative_strength": -17.001372, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.341884, "energy": 16.702762, "activity_lines": [ 291.411641, 288.898892, 289.800777, 293.46563 ] }, { "date": "2024-07-26", "close": 317.594684, "volume": 8713575, "typical_volume": 6787823.9, "trend": 297.0475, "fair_value": 294.504105, "relative_strength": -8.426387, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.151654, "energy": 38.898504, "activity_lines": [ 300.182367, 294.538365, 291.954286, 294.86161 ] }, { "date": "2024-08-02", "close": 325.35257, "volume": 7304788, "typical_volume": 6947758.3, "trend": 298.443263, "fair_value": 294.976077, "relative_strength": -3.902633, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.089525, "energy": 67.70643, "activity_lines": [ 309.864882, 301.042204, 294.813835, 296.687743 ] }, { "date": "2024-08-09", "close": 324.593897, "volume": 5862464, "typical_volume": 7032365.75, "trend": 299.466227, "fair_value": 295.346192, "relative_strength": -3.83977, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.608496, "energy": 73.741873, "activity_lines": [ 316.848803, 306.511723, 297.541845, 298.374881 ] }, { "date": "2024-08-16", "close": 327.165503, "volume": 4187439, "typical_volume": 7066131.7, "trend": 300.204887, "fair_value": 295.719648, "relative_strength": -6.392841, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.421817, "energy": 79.302813, "activity_lines": [ 322.444257, 311.582133, 300.495533, 300.161931 ] }, { "date": "2024-08-23", "close": 331.865336, "volume": 3355019, "typical_volume": 6962064.8, "trend": 301.416067, "fair_value": 296.087691, "relative_strength": -5.917506, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.164801, "energy": 91.434959, "activity_lines": [ 327.338014, 316.620087, 303.897711, 302.20454 ] }, { "date": "2024-08-30", "close": 338.663836, "volume": 3964398, "typical_volume": 6966342.35, "trend": 303.144187, "fair_value": 296.460443, "relative_strength": -3.861372, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.693279, "energy": 92.839338, "activity_lines": [ 331.787826, 322.141066, 307.857068, 304.607622 ] }, { "date": "2024-09-06", "close": 342.910435, "volume": 3308215, "typical_volume": 6907644.1, "trend": 304.354683, "fair_value": 296.855048, "relative_strength": 1.880278, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.538397, "energy": 92.507834, "activity_lines": [ 336.248562, 327.594485, 312.046856, 307.173187 ] }, { "date": "2024-09-13", "close": 342.733083, "volume": 3669850, "typical_volume": 6674101.25, "trend": 305.602428, "fair_value": 297.267459, "relative_strength": -1.674214, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.689652, "energy": 89.413845, "activity_lines": [ 339.479656, 332.029415, 316.035755, 309.649212 ] }, { "date": "2024-09-20", "close": 341.925145, "volume": 4348808, "typical_volume": 6260437.25, "trend": 306.689836, "fair_value": 297.613359, "relative_strength": -2.765357, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.64285, "energy": 80.409255, "activity_lines": [ 341.232158, 335.375189, 319.647031, 311.992614 ] }, { "date": "2024-09-27", "close": 342.555731, "volume": 3357837, "typical_volume": 5930872.15, "trend": 307.833905, "fair_value": 298.013218, "relative_strength": -2.676457, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.669861, "energy": 75.599964, "activity_lines": [ 342.210879, 337.948628, 323.001028, 314.306542 ] }, { "date": "2024-10-04", "close": 342.949847, "volume": 4149031, "typical_volume": 5742180.95, "trend": 308.908713, "fair_value": 298.394502, "relative_strength": -2.34751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.745348, "energy": 65.167879, "activity_lines": [ 342.60828, 339.660233, 326.133699, 316.572087 ] }, { "date": "2024-10-11", "close": 349.925699, "volume": 4738322, "typical_volume": 5631479.9, "trend": 310.142808, "fair_value": 298.729184, "relative_strength": -1.046964, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.333237, "energy": 66.718558, "activity_lines": [ 345.04523, 342.179171, 329.666956, 319.218344 ] }, { "date": "2024-10-18", "close": 352.664805, "volume": 5107581, "typical_volume": 5605001.6, "trend": 311.213168, "fair_value": 299.010344, "relative_strength": -0.703881, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.891754, "energy": 66.57919, "activity_lines": [ 347.927531, 344.749344, 333.1093, 321.961699 ] }, { "date": "2024-10-25", "close": 369.917231, "volume": 6130135, "typical_volume": 5595153.6, "trend": 312.632017, "fair_value": 299.404503, "relative_strength": 5.489526, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.215459, "energy": 73.203744, "activity_lines": [ 355.898526, 349.945942, 337.834074, 325.749058 ] }, { "date": "2024-11-01", "close": 359.724407, "volume": 4362286, "typical_volume": 5317034.2, "trend": 314.192736, "fair_value": 299.927314, "relative_strength": 4.377723, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.645287, "energy": 66.998804, "activity_lines": [ 358.605775, 352.511996, 341.152222, 328.787276 ] }, { "date": "2024-11-08", "close": 378.834951, "volume": 5281643, "typical_volume": 5044676.5, "trend": 316.749816, "fair_value": 300.499642, "relative_strength": 5.332838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.932606, "energy": 83.405853, "activity_lines": [ 366.538626, 358.046164, 345.960529, 332.957742 ] }, { "date": "2024-11-15", "close": 374.402805, "volume": 6918100, "typical_volume": 4951830.5, "trend": 319.08755, "fair_value": 301.065498, "relative_strength": 6.606524, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.56447, "energy": 78.957592, "activity_lines": [ 370.601754, 362.044105, 349.935521, 336.677289 ] }, { "date": "2024-11-22", "close": 381.23364, "volume": 4016875, "typical_volume": 4983365.5, "trend": 322.475642, "fair_value": 301.691704, "relative_strength": 7.043626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.717881, "energy": 71.682014, "activity_lines": [ 375.310021, 366.711426, 354.152804, 340.686715 ] }, { "date": "2024-11-29", "close": 386.494963, "volume": 3967913, "typical_volume": 4881717.8, "trend": 326.182648, "fair_value": 302.359176, "relative_strength": 7.476796, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.909643, "energy": 72.900212, "activity_lines": [ 379.867473, 371.635342, 358.441048, 344.816993 ] }, { "date": "2024-12-06", "close": 373.129427, "volume": 6006562, "typical_volume": 4937542.05, "trend": 329.013794, "fair_value": 302.935719, "relative_strength": 3.144181, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.148816, "energy": 63.064405, "activity_lines": [ 378.864565, 373.3188, 361.01184, 347.845818 ] }, { "date": "2024-12-13", "close": 356.536026, "volume": 6685354, "typical_volume": 4836131.0, "trend": 331.31313, "fair_value": 303.414298, "relative_strength": -0.651624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.961559, "energy": 49.491347, "activity_lines": [ 371.436854, 371.429391, 361.612233, 349.621446 ] }, { "date": "2024-12-20", "close": 353.851073, "volume": 5737171, "typical_volume": 4757750.15, "trend": 333.906442, "fair_value": 303.875481, "relative_strength": 0.483302, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.125927, "energy": 30.100725, "activity_lines": [ 364.600754, 368.804787, 361.771481, 351.075507 ] }, { "date": "2024-12-27", "close": 355.736463, "volume": 1710065, "typical_volume": 4550130.2, "trend": 336.533429, "fair_value": 304.298382, "relative_strength": 0.393081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.854969, "energy": 26.46024, "activity_lines": [ 359.763233, 366.451611, 361.974583, 352.483895 ] }, { "date": "2025-01-03", "close": 349.418928, "volume": 2378772, "typical_volume": 4459696.85, "trend": 338.901325, "fair_value": 304.790667, "relative_strength": -0.805386, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.188431, "energy": 24.267595, "activity_lines": [ 354.519679, 362.893943, 361.427717, 353.315218 ] }, { "date": "2025-01-10", "close": 345.006524, "volume": 4335458, "typical_volume": 4508718.8, "trend": 340.719985, "fair_value": 305.312327, "relative_strength": -0.027084, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.154995, "energy": 21.544753, "activity_lines": [ 350.27706, 358.906717, 360.354653, 353.709101 ] }, { "date": "2025-01-17", "close": 361.451858, "volume": 4747101, "typical_volume": 4547853.95, "trend": 343.018977, "fair_value": 305.98285, "relative_strength": 1.859798, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.947172, "energy": 17.00791, "activity_lines": [ 353.391078, 358.177149, 360.785235, 355.046642 ] }, { "date": "2025-01-24", "close": 364.403332, "volume": 4722176, "typical_volume": 4618552.0, "trend": 345.543521, "fair_value": 306.649057, "relative_strength": 0.984726, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.833837, "energy": 14.392163, "activity_lines": [ 357.161199, 358.30027, 361.388395, 356.426277 ] }, { "date": "2025-01-31", "close": 366.041942, "volume": 7027423, "typical_volume": 4786430.65, "trend": 348.047956, "fair_value": 307.191863, "relative_strength": 2.407102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.510686, "energy": 20.207777, "activity_lines": [ 360.774039, 358.903127, 362.045266, 357.748756 ] }, { "date": "2025-02-07", "close": 382.216748, "volume": 4944557, "typical_volume": 4816218.1, "trend": 351.017152, "fair_value": 307.887204, "relative_strength": 7.061487, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 63.095849, "energy": 45.316714, "activity_lines": [ 369.09145, 362.723072, 364.1316, 359.953194 ] }, { "date": "2025-02-14", "close": 382.691417, "volume": 3859295, "typical_volume": 4841291.0, "trend": 354.06641, "fair_value": 308.583234, "relative_strength": 5.5949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.433505, "energy": 71.105531, "activity_lines": [ 375.380562, 366.707106, 366.071276, 361.996695 ] }, { "date": "2025-02-21", "close": 385.23287, "volume": 4303185, "typical_volume": 4848998.7, "trend": 356.321016, "fair_value": 309.238905, "relative_strength": 7.937172, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.37797, "energy": 77.480341, "activity_lines": [ 380.004499, 370.979367, 368.061873, 364.007435 ] }, { "date": "2025-02-28", "close": 404.575602, "volume": 7052409, "typical_volume": 4964703.05, "trend": 358.961784, "fair_value": 310.013677, "relative_strength": 14.189223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.256031, "energy": 88.915769, "activity_lines": [ 389.490612, 378.246728, 371.693287, 367.120634 ] }, { "date": "2025-03-07", "close": 398.612582, "volume": 7241292, "typical_volume": 5071388.6, "trend": 361.429074, "fair_value": 310.740379, "relative_strength": 15.785123, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.598836, "energy": 85.296235, "activity_lines": [ 394.310901, 383.50764, 374.496556, 369.67875 ] }, { "date": "2025-03-14", "close": 394.360345, "volume": 7095540, "typical_volume": 5119658.85, "trend": 363.668902, "fair_value": 311.297112, "relative_strength": 16.913506, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.531349, "energy": 80.593807, "activity_lines": [ 395.542401, 387.215852, 376.676052, 371.803348 ] }, { "date": "2025-03-21", "close": 386.014095, "volume": 6558902, "typical_volume": 5229489.65, "trend": 365.47386, "fair_value": 311.772111, "relative_strength": 13.635425, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.048596, "energy": 67.470057, "activity_lines": [ 393.182245, 388.589447, 377.944271, 373.244973 ] }, { "date": "2025-03-28", "close": 390.167442, "volume": 5537412, "typical_volume": 5242278.1, "trend": 367.190647, "fair_value": 312.237266, "relative_strength": 16.323857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.403905, "energy": 47.159095, "activity_lines": [ 391.985026, 389.972604, 379.482858, 374.838108 ] }, { "date": "2025-04-04", "close": 371.586157, "volume": 6729882, "typical_volume": 5232867.2, "trend": 368.146505, "fair_value": 312.554335, "relative_strength": 21.349915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.59834, "energy": 20.924327, "activity_lines": [ 384.265074, 387.455244, 379.197834, 375.121689 ] }, { "date": "2025-04-11", "close": 372.120158, "volume": 9952144, "typical_volume": 5529630.65, "trend": 369.126074, "fair_value": 312.907331, "relative_strength": 14.644738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.956302, "energy": 19.419427, "activity_lines": [ 378.922419, 384.904378, 378.977081, 375.378054 ] }, { "date": "2025-04-18", "close": 363.328906, "volume": 4923321, "typical_volume": 5577401.05, "trend": 369.839532, "fair_value": 313.244961, "relative_strength": 13.294074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.728814, "energy": 17.765485, "activity_lines": [ 372.415507, 380.644589, 377.962462, 375.004043 ] }, { "date": "2025-04-25", "close": 332.119466, "volume": 11528513, "typical_volume": 5853498.6, "trend": 369.491657, "fair_value": 313.587403, "relative_strength": -1.1386, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -45.812244, "energy": 42.446276, "activity_lines": [ 357.574212, 371.053773, 374.085831, 372.57049 ] }, { "date": "2025-05-02", "close": 353.039464, "volume": 9580583, "typical_volume": 5998260.05, "trend": 369.827978, "fair_value": 314.074494, "relative_strength": 1.850323, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.180966, "energy": 41.033454, "activity_lines": [ 353.299225, 366.186082, 372.396866, 371.509058 ] }, { "date": "2025-05-09", "close": 351.126857, "volume": 6178042, "typical_volume": 6020303.6, "trend": 369.868016, "fair_value": 314.584622, "relative_strength": 1.535501, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.407784, "energy": 52.347683, "activity_lines": [ 350.861901, 361.55598, 370.542398, 370.302534 ] }, { "date": "2025-05-16", "close": 358.658366, "volume": 6381963, "typical_volume": 6253898.5, "trend": 370.067802, "fair_value": 315.254009, "relative_strength": -1.66382, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.814047, "energy": 59.697249, "activity_lines": [ 352.299033, 359.267037, 369.41819, 369.579331 ] }, { "date": "2025-05-23", "close": 353.32685, "volume": 4627217, "typical_volume": 6366320.75, "trend": 369.514789, "fair_value": 315.771539, "relative_strength": -0.856339, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.963387, "energy": 36.863264, "activity_lines": [ 352.856445, 356.735169, 367.772304, 368.49927 ] }, { "date": "2025-05-30", "close": 368.726804, "volume": 5030977, "typical_volume": 6401096.7, "trend": 369.814869, "fair_value": 316.469053, "relative_strength": 1.363062, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.820312, "energy": 22.172292, "activity_lines": [ 359.21398, 357.749356, 367.574471, 368.448432 ] }, { "date": "2025-06-06", "close": 367.745725, "volume": 5145637, "typical_volume": 6421023.5, "trend": 369.445228, "fair_value": 317.252957, "relative_strength": -0.817123, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.34843, "energy": 17.222959, "activity_lines": [ 362.803999, 358.899479, 367.170248, 368.314939 ] }, { "date": "2025-06-13", "close": 349.818753, "volume": 7015748, "typical_volume": 6535702.1, "trend": 368.625759, "fair_value": 317.934289, "relative_strength": -5.443381, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.658508, "energy": 20.035749, "activity_lines": [ 359.437943, 357.197821, 365.028724, 367.048715 ] }, { "date": "2025-06-20", "close": 351.503433, "volume": 5676289, "typical_volume": 6468145.4, "trend": 367.634753, "fair_value": 318.501794, "relative_strength": -4.975278, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.565014, "energy": 20.40844, "activity_lines": [ 356.720654, 356.198239, 363.117096, 365.944048 ] }, { "date": "2025-06-27", "close": 349.551186, "volume": 9065379, "typical_volume": 6674186.5, "trend": 366.403293, "fair_value": 319.04326, "relative_strength": -8.762022, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.270378, "energy": 31.013011, "activity_lines": [ 353.829612, 355.218552, 361.088771, 364.777367 ] }, { "date": "2025-07-04", "close": 351.562892, "volume": 3825722, "typical_volume": 6672507.85, "trend": 365.684409, "fair_value": 319.594831, "relative_strength": -9.854197, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.695189, "energy": 40.966495, "activity_lines": [ 351.860849, 354.855134, 359.407587, 363.819922 ] }, { "date": "2025-07-11", "close": 352.464691, "volume": 6540334, "typical_volume": 6784365.3, "trend": 365.548698, "fair_value": 320.169366, "relative_strength": -9.471991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.863694, "energy": 40.286629, "activity_lines": [ 351.336947, 354.302163, 357.960519, 362.967037 ] }, { "date": "2025-07-18", "close": 352.900726, "volume": 5319673, "typical_volume": 6697728.5, "trend": 365.517019, "fair_value": 320.697751, "relative_strength": -10.002001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.655755, "energy": 36.480531, "activity_lines": [ 351.977125, 353.838921, 356.711018, 362.151038 ] }, { "date": "2025-07-25", "close": 369.529504, "volume": 8479846, "typical_volume": 6759656.2, "trend": 365.976787, "fair_value": 321.257607, "relative_strength": -7.139239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.151501, "energy": 11.722783, "activity_lines": [ 357.954764, 356.366841, 357.291281, 362.409908 ] }, { "date": "2025-08-01", "close": 351.012894, "volume": 8276337, "typical_volume": 6818696.05, "trend": 366.02992, "fair_value": 321.720582, "relative_strength": -9.46107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.082813, "energy": 17.822301, "activity_lines": [ 356.558463, 355.330448, 356.246548, 361.444496 ] }, { "date": "2025-08-08", "close": 363.863306, "volume": 6205938, "typical_volume": 6801047.85, "trend": 366.658479, "fair_value": 322.179228, "relative_strength": -8.294933, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.326015, "energy": 11.032871, "activity_lines": [ 359.348184, 356.672565, 356.63208, 361.304714 ] }, { "date": "2025-08-15", "close": 364.469083, "volume": 8059878, "typical_volume": 6927171.15, "trend": 366.759053, "fair_value": 322.651764, "relative_strength": -8.948443, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.600015, "energy": 11.464991, "activity_lines": [ 361.519804, 358.213251, 357.180785, 361.163463 ] }, { "date": "2025-08-22", "close": 372.503074, "volume": 5856743, "typical_volume": 6883514.2, "trend": 367.029045, "fair_value": 323.262814, "relative_strength": -7.152341, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.705241, "energy": 14.500151, "activity_lines": [ 365.569127, 361.274238, 358.617005, 361.534045 ] }, { "date": "2025-08-29", "close": 364.459152, "volume": 4893248, "typical_volume": 6630569.4, "trend": 366.976285, "fair_value": 323.869103, "relative_strength": -8.99892, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.08636, "energy": 15.876091, "activity_lines": [ 365.630321, 362.460251, 359.282772, 361.368245 ] }, { "date": "2025-09-05", "close": 367.974644, "volume": 3995963, "typical_volume": 6584201.5, "trend": 366.501548, "fair_value": 324.412466, "relative_strength": -8.221804, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.421254, "energy": 25.919447, "activity_lines": [ 367.201368, 364.049886, 360.319827, 361.432656 ] }, { "date": "2025-09-12", "close": 369.374882, "volume": 5320987, "typical_volume": 6273825.2, "trend": 366.057664, "fair_value": 325.057849, "relative_strength": -9.141077, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.039269, "energy": 28.973267, "activity_lines": [ 368.108378, 365.559138, 361.468117, 361.618032 ] }, { "date": "2025-09-19", "close": 348.887709, "volume": 8833983, "typical_volume": 6236495.2, "trend": 364.846158, "fair_value": 325.591793, "relative_strength": -15.008081, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.771993, "energy": 15.321358, "activity_lines": [ 361.818892, 363.019595, 360.48784, 360.510293 ] }, { "date": "2025-09-26", "close": 353.614755, "volume": 6134139, "typical_volume": 6234300.05, "trend": 363.147463, "fair_value": 326.193641, "relative_strength": -13.416973, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.383308, "energy": 15.962325, "activity_lines": [ 358.143846, 361.404551, 359.977529, 359.785686 ] }, { "date": "2025-10-03", "close": 361.291238, "volume": 4815426, "typical_volume": 6155973.2, "trend": 361.903419, "fair_value": 326.812129, "relative_strength": -12.334204, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.984974, "energy": 15.528476, "activity_lines": [ 358.28685, 361.172249, 360.186464, 359.66593 ] }, { "date": "2025-10-10", "close": 357.656577, "volume": 4397032, "typical_volume": 6144463.95, "trend": 360.67996, "fair_value": 327.421614, "relative_strength": -10.888206, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.195732, "energy": 19.075521, "activity_lines": [ 357.429493, 360.428886, 360.036703, 359.39194 ] }, { "date": "2025-10-17", "close": 344.200387, "volume": 6547035, "typical_volume": 6220266.85, "trend": 359.286169, "fair_value": 327.886976, "relative_strength": -15.463836, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.985142, "energy": 37.352426, "activity_lines": [ 352.774612, 357.118149, 358.584782, 358.328742 ] }, { "date": "2025-10-24", "close": 335.391797, "volume": 5186637, "typical_volume": 6222316.85, "trend": 357.460315, "fair_value": 328.239436, "relative_strength": -18.805747, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -71.251443, "energy": 59.551757, "activity_lines": [ 346.861833, 352.563357, 356.410741, 356.787169 ] }, { "date": "2025-10-31", "close": 338.321373, "volume": 8856759, "typical_volume": 6314367.4, "trend": 356.351488, "fair_value": 328.666202, "relative_strength": -18.309557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.795859, "energy": 64.941615, "activity_lines": [ 342.825307, 349.069894, 354.669773, 355.552399 ] }, { "date": "2025-11-07", "close": 344.676275, "volume": 6288750, "typical_volume": 6344990.45, "trend": 355.436692, "fair_value": 329.050937, "relative_strength": -15.057159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.520287, "energy": 62.627286, "activity_lines": [ 341.926641, 347.353353, 353.588784, 354.799159 ] }, { "date": "2025-11-14", "close": 348.468192, "volume": 5525816, "typical_volume": 6168012.3, "trend": 354.941335, "fair_value": 329.408165, "relative_strength": -13.894021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.548958, "energy": 53.240259, "activity_lines": [ 343.399611, 346.68594, 352.901439, 354.349579 ] }, { "date": "2025-11-21", "close": 344.865373, "volume": 7242032, "typical_volume": 6338827.8, "trend": 355.366199, "fair_value": 329.706426, "relative_strength": -12.769091, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.451521, "energy": 32.5456, "activity_lines": [ 344.2842, 345.718131, 351.876127, 353.699517 ] }, { "date": "2025-11-28", "close": 352.240204, "volume": 3404789, "typical_volume": 6182050.55, "trend": 355.339557, "fair_value": 330.053829, "relative_strength": -13.709568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.69851, "energy": 18.556755, "activity_lines": [ 347.582734, 346.536829, 351.585072, 353.49784 ] }, { "date": "2025-12-05", "close": 343.561591, "volume": 4746733, "typical_volume": 6153403.55, "trend": 355.087381, "fair_value": 330.352451, "relative_strength": -15.791844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.58383, "energy": 18.928011, "activity_lines": [ 346.86517, 345.716642, 350.468551, 352.737971 ] }, { "date": "2025-12-12", "close": 352.110821, "volume": 5251650, "typical_volume": 5991993.75, "trend": 354.86913, "fair_value": 330.748972, "relative_strength": -12.971748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.432609, "energy": 15.091374, "activity_lines": [ 348.648001, 346.633646, 350.210715, 352.545935 ] }, { "date": "2025-12-19", "close": 348.378619, "volume": 6415337, "typical_volume": 5898943.75, "trend": 354.704189, "fair_value": 331.110172, "relative_strength": -13.736878, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.673581, "energy": 15.376871, "activity_lines": [ 348.691129, 347.038984, 349.680377, 352.127192 ] }, { "date": "2025-12-26", "close": 354.957246, "volume": 2010570, "typical_volume": 5689175.35, "trend": 354.245203, "fair_value": 331.516345, "relative_strength": -13.090128, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.921039, "energy": 11.474691, "activity_lines": [ 350.933104, 348.809127, 349.789119, 352.143518 ] }, { "date": "2026-01-02", "close": 342.636005, "volume": 2107266, "typical_volume": 5391544.75, "trend": 353.408213, "fair_value": 331.798758, "relative_strength": -14.965753, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -39.602093, "energy": 16.390952, "activity_lines": [ 348.395207, 348.143464, 348.76682, 351.394538 ] }, { "date": "2026-01-09", "close": 349.135012, "volume": 4721433, "typical_volume": 5334779.25, "trend": 353.385421, "fair_value": 332.06155, "relative_strength": -14.439454, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.14793, "energy": 9.684191, "activity_lines": [ 348.663925, 348.527726, 348.46744, 351.118848 ] }, { "date": "2026-01-16", "close": 342.227951, "volume": 4900434, "typical_volume": 5335138.55, "trend": 353.076239, "fair_value": 332.228813, "relative_strength": -15.516164, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.655701, "energy": 22.875727, "activity_lines": [ 346.258729, 347.459548, 347.621522, 350.399011 ] }, { "date": "2026-01-23", "close": 337.082489, "volume": 5390816, "typical_volume": 5404881.2, "trend": 352.660615, "fair_value": 332.40108, "relative_strength": -16.170062, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -57.236647, "energy": 42.457281, "activity_lines": [ 342.797236, 345.500345, 346.391423, 349.367156 ] }, { "date": "2026-01-30", "close": 347.980518, "volume": 7915763, "typical_volume": 5534620.0, "trend": 352.541203, "fair_value": 332.675024, "relative_strength": -13.481746, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.383294, "energy": 31.589925, "activity_lines": [ 343.721495, 345.729616, 346.346336, 349.065214 ] }, { "date": "2026-02-06", "close": 341.141999, "volume": 6591952, "typical_volume": 5422518.45, "trend": 352.16378, "fair_value": 332.879053, "relative_strength": -14.593206, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.089875, "energy": 37.822202, "activity_lines": [ 342.831363, 344.65888, 345.75184, 348.329782 ] }, { "date": "2026-02-13", "close": 320.8554, "volume": 15860588, "typical_volume": 5908840.9, "trend": 351.095602, "fair_value": 333.000141, "relative_strength": -18.179735, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -72.726223, "energy": 56.715285, "activity_lines": [ 335.278632, 340.101457, 343.262172, 346.309886 ] }, { "date": "2026-02-20", "close": 324.216552, "volume": 5315388, "typical_volume": 5933839.0, "trend": 349.585171, "fair_value": 333.188318, "relative_strength": -17.750376, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.685775, "energy": 58.870024, "activity_lines": [ 330.731592, 336.567993, 341.24861, 344.575754 ] }, { "date": "2026-02-27", "close": 334.589248, "volume": 7495760, "typical_volume": 6088775.4, "trend": 349.037716, "fair_value": 333.436124, "relative_strength": -14.112303, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.342882, "energy": 53.964995, "activity_lines": [ 330.842878, 335.427642, 340.39947, 343.608275 ] }, { "date": "2026-03-06", "close": 339.705779, "volume": 7454823, "typical_volume": 6134164.8, "trend": 348.232465, "fair_value": 333.778055, "relative_strength": -10.44242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.349002, "energy": 45.712148, "activity_lines": [ 332.825889, 335.468285, 340.147463, 343.006215 ] }, { "date": "2026-03-13", "close": 320.566161, "volume": 7430842, "typical_volume": 6246375.05, "trend": 346.769034, "fair_value": 333.982635, "relative_strength": -13.537917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.543735, "energy": 40.0477, "activity_lines": [ 328.980678, 332.306297, 338.094038, 341.221292 ] }, { "date": "2026-03-20", "close": 324.775082, "volume": 7366086, "typical_volume": 6171841.4, "trend": 345.178101, "fair_value": 334.135775, "relative_strength": -10.207613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.925331, "energy": 33.097842, "activity_lines": [ 327.910163, 330.310837, 336.512061, 339.802327 ] }, { "date": "2026-03-27", "close": 312.836508, "volume": 5993382, "typical_volume": 6157073.0, "trend": 343.457346, "fair_value": 334.174142, "relative_strength": -10.866676, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.579281, "energy": 43.490393, "activity_lines": [ 322.59881, 326.587635, 333.857583, 337.715773 ] }, { "date": "2026-04-03", "close": 322.291619, "volume": 4836113, "typical_volume": 6122587.85, "trend": 341.934579, "fair_value": 334.230946, "relative_strength": -10.431196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.393108, "energy": 47.564623, "activity_lines": [ 321.197832, 325.117934, 332.25521, 336.350242 ] }, { "date": "2026-04-10", "close": 311.74937, "volume": 7181265, "typical_volume": 6119549.5, "trend": 340.013728, "fair_value": 334.205011, "relative_strength": -15.646461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.870667, "energy": 51.223979, "activity_lines": [ 317.102612, 322.000386, 329.773463, 334.402809 ] }, { "date": "2026-04-17", "close": 330.928883, "volume": 6563210, "typical_volume": 6277470.55, "trend": 339.415101, "fair_value": 334.245125, "relative_strength": -13.616447, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.501738, "energy": 33.85673, "activity_lines": [ 321.264323, 323.02877, 329.276032, 333.81669 ] }, { "date": "2026-04-24", "close": 320.29687, "volume": 4991691, "typical_volume": 6289718.45, "trend": 338.304505, "fair_value": 334.265778, "relative_strength": -16.3554, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.131036, "energy": 29.203796, "activity_lines": [ 321.191183, 322.309753, 327.867511, 332.583256 ] }, { "date": "2026-05-01", "close": 311.51, "volume": 8155543, "typical_volume": 6434913.1, "trend": 336.64513, "fair_value": 334.209978, "relative_strength": -18.831898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.223824, "energy": 33.667783, "activity_lines": [ 318.487633, 320.003279, 325.732929, 330.854578 ] }, { "date": "2026-05-08", "close": 312.79, "volume": 7074152, "typical_volume": 6467853.85, "trend": 335.149577, "fair_value": 334.113817, "relative_strength": -19.778792, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.068859, "energy": 31.284793, "activity_lines": [ 316.299183, 318.160561, 323.91359, 329.315537 ] }, { "date": "2026-05-15", "close": 317.22, "volume": 8261428, "typical_volume": 6780396.75, "trend": 334.250231, "fair_value": 334.102621, "relative_strength": -18.273995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.47641, "energy": 35.898623, "activity_lines": [ 316.220842, 317.519647, 322.685625, 328.15879 ] }, { "date": "2026-05-22", "close": 324.78, "volume": 6950784, "typical_volume": 7022572.65, "trend": 333.896505, "fair_value": 334.242706, "relative_strength": -16.497167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.315449, "energy": 28.629988, "activity_lines": [ 318.297791, 318.66211, 322.357361, 327.547808 ] }, { "date": "2026-05-29", "close": 316.06, "volume": 6692765, "typical_volume": 7121139.25, "trend": 333.154459, "fair_value": 334.30733, "relative_strength": -19.263669, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.001419, "energy": 27.481883, "activity_lines": [ 317.878, 318.142504, 321.283649, 326.397066 ] }, { "date": "2026-06-05", "close": 328.53, "volume": 7021675, "typical_volume": 7227201.3, "trend": 332.61625, "fair_value": 334.44864, "relative_strength": -13.359594, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.839358, "energy": 13.905237, "activity_lines": [ 321.897333, 320.048627, 321.555056, 326.098713 ] }, { "date": "2026-06-12", "close": 335.31, "volume": 7984999, "typical_volume": 7356910.45, "trend": 332.177643, "fair_value": 334.539279, "relative_strength": -11.607296, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.287245, "energy": 9.622719, "activity_lines": [ 327.042, 322.902141, 322.537406, 326.272504 ] }, { "date": "2026-06-19", "close": 317.74, "volume": 7291055, "typical_volume": 7325675.05, "trend": 331.273464, "fair_value": 334.504476, "relative_strength": -16.469797, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.161417, "energy": 12.800154, "activity_lines": [ 324.828667, 322.324411, 321.854864, 325.341043 ] }, { "date": "2026-06-26", "close": 328.69, "volume": 14153006, "typical_volume": 7703727.75, "trend": 330.488457, "fair_value": 334.453796, "relative_strength": -11.071402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.184829, "energy": 11.084289, "activity_lines": [ 326.230667, 323.62867, 322.35918, 325.174368 ] }, { "date": "2026-07-03", "close": 356.642265, "volume": 6072826, "typical_volume": 7214339.65, "trend": 330.92448, "fair_value": 334.64349, "relative_strength": -5.232594, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 35.258729, "energy": 38.556935, "activity_lines": [ 336.689422, 330.055866, 325.584913, 326.86171 ] }, { "date": "2026-07-10", "close": 356.123454, "volume": 4290501, "typical_volume": 7163095.3, "trend": 331.058234, "fair_value": 334.822982, "relative_strength": -6.289565, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.015899, "energy": 54.772811, "activity_lines": [ 344.269755, 335.727908, 328.590821, 328.48745 ] }, { "date": "2026-07-17", "close": 366.36996, "volume": 6337086, "typical_volume": 7105161.6, "trend": 331.657946, "fair_value": 335.040718, "relative_strength": -1.797215, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.935388, "energy": 68.200148, "activity_lines": [ 353.426027, 342.451796, 332.42065, 330.765626 ] }, { "date": "2026-07-24", "close": 360.872565, "volume": 6221506, "typical_volume": 7043495.75, "trend": 331.855123, "fair_value": 335.354974, "relative_strength": -2.333075, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.813446, "energy": 77.368957, "activity_lines": [ 358.67917, 347.201978, 335.57558, 332.65044 ] }, { "date": "2026-07-31", "close": 359.725196, "volume": 10652921, "typical_volume": 7204599.7, "trend": 332.424763, "fair_value": 335.687825, "relative_strength": -3.367421, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.545913, "energy": 74.234787, "activity_lines": [ 360.674353, 350.949864, 338.520443, 334.44851 ] }, { "date": "2026-08-07", "close": 358.3, "volume": 6109602, "typical_volume": 7141775.5, "trend": 332.730262, "fair_value": 335.975593, "relative_strength": -6.604298, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.810659, "energy": 65.213927, "activity_lines": [ 360.125457, 353.803256, 341.143101, 336.11788 ] } ], "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." } } }