{ "ticker": { "uuid": "88d664c3-fc4f-42a0-becc-dc7b521cb000", "symbol": "261260", "name": "KODEX USD Futures", "exchange": "KSC", "country": "KR", "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": "^KS11", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 94.122, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 50.379, "architecture_energy": 72.272, "architecture_maturity": 8.761, "architecture_confidence": 71.77, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 19.28, "rotation_up": 77.42, "upward_expansion": 56.45, "deceleration": 18.84, "rotation_down": 14.01, "downward_expansion": 29.12 }, "activity_lines": [ 4890.0, 4701.0, 4615.0, 4629.333333 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 5075.0, "trend_reference": 4679.5, "distance_from_trend": 0.084518, "trend_direction": "Weakening", "fair_value": 5585.608974, "distance_from_fair_value": -0.091415, "fair_value_direction": "Improving", "relative_strength": -19.949039, "relative_strength_direction": "Improving", "price_momentum": 0.050725, "excess_performance": -0.179104, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.084518, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.023069, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.091415, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.08593, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.19949, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.32725, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.050725, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.69377, "read": "Demand-led" } ], "volume": { "latest": 2273073, "relative_activity": 0.899306, "balance": 1.69377, "dry_up": 0.807994, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.033528, "annualized_volatility": 0.179327, "from_high_reference": -0.09375, "from_low_reference": 0.192714 }, "levels": { "trend_reference": 4679.5, "fair_value_reference": 5585.608974, "structural_low": 4255.0, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.00873, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.030411, "regime_survival": 0.428571, "best_return": 0.0625, "worst_return": -0.072058, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.03607, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.088826, "regime_survival": 0.0, "best_return": -0.003584, "worst_return": -0.131746, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.106266, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.17963, "regime_survival": 0.0, "best_return": -0.012694, "worst_return": -0.169841, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.179295, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.143673, "regime_survival": 0.333333, "best_return": -0.059944, "worst_return": -0.182796, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-06", "end": "2024-10-04", "tenure": "Developing", "return": -0.00873, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-10-18", "tenure": "New", "return": -0.030428, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-11-01", "tenure": "New", "return": 0.011344, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": -0.019214, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-04-11", "tenure": "Established", "return": -0.086649, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": 0.030784, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-16", "end": "2025-06-06", "tenure": "New", "return": 0.043011, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": -0.040105, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-09-26", "tenure": "Developing", "return": -0.05694, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-10-03", "end": "2025-10-17", "tenure": "New", "return": -0.030584, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-24", "end": "2026-02-20", "tenure": "Established", "return": -0.030333, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.074627, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-07-31", "tenure": "Established", "return": 0.08587, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6475.0, "volume": 4542484, "typical_volume": 2035256.5, "trend": 6950.333333, "fair_value": 8323.397436, "relative_strength": -7.806685, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -67.484066, "energy": 48.106624, "activity_lines": [ 6700.666667, 6827.0, 6841.333333, 6857.537634 ] }, { "date": "2023-08-25", "close": 6600.0, "volume": 3787287, "typical_volume": 2108166.4, "trend": 6908.0, "fair_value": 8307.916667, "relative_strength": -6.46835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.87352, "energy": 53.22168, "activity_lines": [ 6630.0, 6773.636364, 6820.214286, 6834.935484 ] }, { "date": "2023-09-01", "close": 6650.0, "volume": 1535118, "typical_volume": 2065227.15, "trend": 6866.166667, "fair_value": 8293.205128, "relative_strength": -7.292414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.074842, "energy": 63.179418, "activity_lines": [ 6606.666667, 6740.454545, 6804.785714, 6818.290323 ] }, { "date": "2023-09-08", "close": 6505.0, "volume": 2034445, "typical_volume": 2043818.85, "trend": 6834.333333, "fair_value": 8277.307692, "relative_strength": -8.654465, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.065175, "energy": 68.176696, "activity_lines": [ 6566.666667, 6684.818182, 6777.047619, 6794.989247 ] }, { "date": "2023-09-15", "close": 6565.0, "volume": 1588750, "typical_volume": 1979223.25, "trend": 6817.833333, "fair_value": 8259.262821, "relative_strength": -9.627609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.264785, "energy": 54.314402, "activity_lines": [ 6564.666667, 6643.909091, 6755.809524, 6777.612903 ] }, { "date": "2023-09-22", "close": 6465.0, "volume": 1884913, "typical_volume": 1982453.5, "trend": 6799.833333, "fair_value": 8241.826923, "relative_strength": -7.631657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.598888, "energy": 54.729296, "activity_lines": [ 6533.333333, 6589.727273, 6725.119048, 6754.849462 ] }, { "date": "2023-09-29", "close": 6350.0, "volume": 1937185, "typical_volume": 1966568.15, "trend": 6777.666667, "fair_value": 8223.333333, "relative_strength": -7.57543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.391253, "energy": 65.563815, "activity_lines": [ 6464.333333, 6528.909091, 6684.642857, 6725.827957 ] }, { "date": "2023-10-06", "close": 6315.0, "volume": 1390210, "typical_volume": 1947142.15, "trend": 6762.5, "fair_value": 8203.044872, "relative_strength": -5.863366, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.287852, "energy": 68.908925, "activity_lines": [ 6400.333333, 6474.636364, 6642.02381, 6695.978495 ] }, { "date": "2023-10-13", "close": 6325.0, "volume": 2104375, "typical_volume": 1957425.95, "trend": 6741.5, "fair_value": 8182.051282, "relative_strength": -7.460323, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.809005, "energy": 76.540333, "activity_lines": [ 6362.0, 6436.909091, 6601.97619, 6667.752688 ] }, { "date": "2023-10-20", "close": 6280.0, "volume": 2052752, "typical_volume": 1963433.75, "trend": 6715.166667, "fair_value": 8159.358974, "relative_strength": -4.978369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.212427, "energy": 79.867796, "activity_lines": [ 6320.666667, 6399.181818, 6559.285714, 6637.978495 ] }, { "date": "2023-10-27", "close": 6265.0, "volume": 1628838, "typical_volume": 1948733.65, "trend": 6691.833333, "fair_value": 8136.666667, "relative_strength": -2.280205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.240684, "energy": 76.030798, "activity_lines": [ 6293.333333, 6365.0, 6517.904762, 6608.935484 ] }, { "date": "2023-11-03", "close": 6560.0, "volume": 2743634, "typical_volume": 1944468.1, "trend": 6684.0, "fair_value": 8114.423077, "relative_strength": -0.648777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.59837, "energy": 44.895437, "activity_lines": [ 6377.666667, 6388.272727, 6508.119048, 6600.430108 ] }, { "date": "2023-11-10", "close": 6610.0, "volume": 3680427, "typical_volume": 2062526.05, "trend": 6672.166667, "fair_value": 8091.891026, "relative_strength": -1.581249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.810785, "energy": 25.888032, "activity_lines": [ 6464.666667, 6421.363636, 6506.190476, 6595.655914 ] }, { "date": "2023-11-17", "close": 6790.0, "volume": 2388321, "typical_volume": 2072199.25, "trend": 6676.166667, "fair_value": 8070.416667, "relative_strength": -1.367792, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.779598, "energy": 17.89106, "activity_lines": [ 6592.0, 6487.909091, 6522.619048, 6603.258065 ] }, { "date": "2023-11-24", "close": 6705.0, "volume": 2006134, "typical_volume": 2160889.65, "trend": 6680.333333, "fair_value": 8047.115385, "relative_strength": -3.563216, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -0.157863, "energy": 23.188709, "activity_lines": [ 6660.0, 6533.818182, 6530.595238, 6605.11828 ] }, { "date": "2023-12-01", "close": 6700.0, "volume": 2714730, "typical_volume": 2214991.1, "trend": 6680.0, "fair_value": 8020.99359, "relative_strength": -3.795386, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 17.622816, "energy": 29.650395, "activity_lines": [ 6698.0, 6576.272727, 6538.714286, 6606.387097 ] }, { "date": "2023-12-08", "close": 6665.0, "volume": 3469315, "typical_volume": 2344218.25, "trend": 6682.166667, "fair_value": 7995.769231, "relative_strength": -4.57436, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 18.343959, "energy": 27.133078, "activity_lines": [ 6695.333333, 6608.090909, 6546.119048, 6605.419355 ] }, { "date": "2023-12-15", "close": 6775.0, "volume": 2495999, "typical_volume": 2440289.7, "trend": 6686.166667, "fair_value": 7972.403846, "relative_strength": -4.508011, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.662648, "energy": 29.5924, "activity_lines": [ 6722.333333, 6654.181818, 6565.880952, 6611.408602 ] }, { "date": "2023-12-22", "close": 6705.0, "volume": 1693612, "typical_volume": 2458502.15, "trend": 6687.333333, "fair_value": 7948.910256, "relative_strength": -6.430042, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.862518, "energy": 19.830982, "activity_lines": [ 6715.0, 6679.181818, 6580.642857, 6612.623656 ] }, { "date": "2023-12-29", "close": 6850.0, "volume": 1671686, "typical_volume": 2367510.75, "trend": 6687.166667, "fair_value": 7924.615385, "relative_strength": -5.916682, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.770316, "energy": 26.312897, "activity_lines": [ 6761.666667, 6723.636364, 6609.547619, 6623.11828 ] }, { "date": "2024-01-05", "close": 6575.0, "volume": 3267474, "typical_volume": 2303760.25, "trend": 6673.0, "fair_value": 7899.070513, "relative_strength": -6.531595, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -0.350376, "energy": 10.086842, "activity_lines": [ 6707.0, 6707.727273, 6611.190476, 6615.88172 ] }, { "date": "2024-01-12", "close": 6580.0, "volume": 2488782, "typical_volume": 2238835.0, "trend": 6652.0, "fair_value": 7874.74359, "relative_strength": -4.059025, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.980627, "energy": 4.355368, "activity_lines": [ 6662.333333, 6687.090909, 6612.833333, 6609.88172 ] }, { "date": "2024-01-19", "close": 6335.0, "volume": 3822527, "typical_volume": 2353205.45, "trend": 6634.333333, "fair_value": 7849.326923, "relative_strength": -5.201316, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.607741, "energy": 24.943847, "activity_lines": [ 6541.666667, 6621.545455, 6591.238095, 6589.430108 ] }, { "date": "2024-01-26", "close": 6355.0, "volume": 1661416, "typical_volume": 2334554.0, "trend": 6622.333333, "fair_value": 7825.865385, "relative_strength": -4.715624, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.982284, "energy": 38.167373, "activity_lines": [ 6457.0, 6564.636364, 6573.047619, 6571.408602 ] }, { "date": "2024-02-02", "close": 6470.0, "volume": 1916444, "typical_volume": 2350938.7, "trend": 6610.166667, "fair_value": 7803.846154, "relative_strength": -7.592845, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -44.697516, "energy": 44.036763, "activity_lines": [ 6434.0, 6536.545455, 6566.52381, 6561.580645 ] }, { "date": "2024-02-09", "close": 6425.0, "volume": 2475512, "typical_volume": 2380468.65, "trend": 6582.666667, "fair_value": 7779.583333, "relative_strength": -8.035397, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.056862, "energy": 49.244876, "activity_lines": [ 6421.333333, 6504.545455, 6556.166667, 6549.634409 ] }, { "date": "2024-02-16", "close": 6355.0, "volume": 3553695, "typical_volume": 2461294.15, "trend": 6559.166667, "fair_value": 7754.711538, "relative_strength": -9.700759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.687347, "energy": 53.266388, "activity_lines": [ 6395.333333, 6464.818182, 6539.333333, 6534.946237 ] }, { "date": "2024-02-23", "close": 6395.0, "volume": 1686973, "typical_volume": 2476132.3, "trend": 6534.833333, "fair_value": 7732.179487, "relative_strength": -9.45436, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.707511, "energy": 41.314006, "activity_lines": [ 6397.666667, 6438.0, 6526.285714, 6524.354839 ] }, { "date": "2024-03-01", "close": 6370.0, "volume": 857196, "typical_volume": 2413773.35, "trend": 6521.333333, "fair_value": 7709.775641, "relative_strength": -8.629046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.634686, "energy": 43.09896, "activity_lines": [ 6387.666667, 6413.545455, 6510.47619, 6513.72043 ] }, { "date": "2024-03-08", "close": 6485.0, "volume": 1597163, "typical_volume": 2390993.9, "trend": 6516.666667, "fair_value": 7689.00641, "relative_strength": -8.02457, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.72705, "energy": 31.893177, "activity_lines": [ 6415.0, 6416.090909, 6505.404762, 6511.376344 ] }, { "date": "2024-03-15", "close": 6390.0, "volume": 1580762, "typical_volume": 2388590.1, "trend": 6513.833333, "fair_value": 7667.403846, "relative_strength": -8.57393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.412517, "energy": 27.27225, "activity_lines": [ 6409.666667, 6408.0, 6490.309524, 6503.204301 ] }, { "date": "2024-03-22", "close": 6310.0, "volume": 4848546, "typical_volume": 2493835.7, "trend": 6504.166667, "fair_value": 7645.192308, "relative_strength": -11.99477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.068512, "energy": 36.003462, "activity_lines": [ 6380.0, 6388.727273, 6467.0, 6490.053763 ] }, { "date": "2024-03-29", "close": 6225.0, "volume": 4197144, "typical_volume": 2519671.55, "trend": 6490.0, "fair_value": 7622.307692, "relative_strength": -12.768383, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.295104, "energy": 50.369177, "activity_lines": [ 6325.0, 6358.909091, 6436.785714, 6472.043011 ] }, { "date": "2024-04-05", "close": 6165.0, "volume": 2650786, "typical_volume": 2532794.8, "trend": 6478.666667, "fair_value": 7598.333333, "relative_strength": -12.280499, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.727354, "energy": 73.000095, "activity_lines": [ 6261.333333, 6320.181818, 6402.690476, 6451.075269 ] }, { "date": "2024-04-12", "close": 5980.0, "volume": 3902542, "typical_volume": 2627615.2, "trend": 6459.166667, "fair_value": 7572.532051, "relative_strength": -13.577887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.767775, "energy": 86.416229, "activity_lines": [ 6149.666667, 6251.272727, 6353.952381, 6418.903226 ] }, { "date": "2024-04-19", "close": 5890.0, "volume": 7628979, "typical_volume": 2873327.65, "trend": 6440.0, "fair_value": 7546.378205, "relative_strength": -11.69444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.984808, "energy": 94.425773, "activity_lines": [ 6041.666667, 6174.909091, 6300.095238, 6382.182796 ] }, { "date": "2024-04-26", "close": 5945.0, "volume": 1922096, "typical_volume": 2795966.7, "trend": 6426.5, "fair_value": 7520.0, "relative_strength": -12.777347, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.300339, "energy": 89.880215, "activity_lines": [ 5985.333333, 6118.272727, 6255.333333, 6350.247312 ] }, { "date": "2024-05-03", "close": 6035.0, "volume": 2685604, "typical_volume": 2805446.95, "trend": 6417.166667, "fair_value": 7495.288462, "relative_strength": -11.845452, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.27529, "energy": 85.686789, "activity_lines": [ 5983.333333, 6085.454545, 6222.571429, 6324.989247 ] }, { "date": "2024-05-10", "close": 6000.0, "volume": 3101892, "typical_volume": 2875860.95, "trend": 6406.333333, "fair_value": 7471.089744, "relative_strength": -13.692691, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.091148, "energy": 75.484074, "activity_lines": [ 5982.333333, 6052.818182, 6190.0, 6298.075269 ] }, { "date": "2024-05-17", "close": 6105.0, "volume": 2414422, "typical_volume": 2912997.75, "trend": 6400.5, "fair_value": 7447.371795, "relative_strength": -11.831387, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.108391, "energy": 50.30373, "activity_lines": [ 6027.333333, 6046.0, 6170.785714, 6278.634409 ] }, { "date": "2024-05-24", "close": 5985.0, "volume": 1931654, "typical_volume": 2846206.75, "trend": 6391.166667, "fair_value": 7421.762821, "relative_strength": -12.121281, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.537928, "energy": 45.984574, "activity_lines": [ 6024.0, 6024.272727, 6143.690476, 6251.827957 ] }, { "date": "2024-05-31", "close": 5855.0, "volume": 2810689, "typical_volume": 2862302.1, "trend": 6367.666667, "fair_value": 7395.320513, "relative_strength": -12.088016, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.995846, "energy": 50.783104, "activity_lines": [ 5971.0, 5986.272727, 6107.02381, 6217.236559 ] }, { "date": "2024-06-07", "close": 5995.0, "volume": 1944173, "typical_volume": 2768384.4, "trend": 6347.166667, "fair_value": 7369.166667, "relative_strength": -12.535519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.831143, "energy": 42.096735, "activity_lines": [ 5970.666667, 5982.0, 6087.142857, 6193.193548 ] }, { "date": "2024-06-14", "close": 5890.0, "volume": 4094614, "typical_volume": 2890044.3, "trend": 6317.166667, "fair_value": 7344.807692, "relative_strength": -14.783685, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.870661, "energy": 50.095319, "activity_lines": [ 5938.0, 5962.818182, 6058.880952, 6163.698925 ] }, { "date": "2024-06-21", "close": 5815.0, "volume": 4717968, "typical_volume": 3030120.5, "trend": 6287.5, "fair_value": 7319.487179, "relative_strength": -16.275241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.874673, "energy": 58.338764, "activity_lines": [ 5887.666667, 5935.0, 6025.690476, 6131.301075 ] }, { "date": "2024-06-28", "close": 5885.0, "volume": 3789387, "typical_volume": 3095814.25, "trend": 6260.333333, "fair_value": 7295.384615, "relative_strength": -15.341771, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.191441, "energy": 48.147935, "activity_lines": [ 5880.0, 5922.909091, 6002.285714, 6105.333333 ] }, { "date": "2024-07-05", "close": 5865.0, "volume": 3759875, "typical_volume": 3106123.25, "trend": 6233.666667, "fair_value": 7272.692308, "relative_strength": -17.107224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.120162, "energy": 48.611448, "activity_lines": [ 5872.333333, 5907.272727, 5979.547619, 6079.827957 ] }, { "date": "2024-07-12", "close": 5875.0, "volume": 2966808, "typical_volume": 3170115.0, "trend": 6203.666667, "fair_value": 7249.198718, "relative_strength": -16.357044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.781396, "energy": 45.1357, "activity_lines": [ 5867.333333, 5894.909091, 5960.095238, 6056.688172 ] }, { "date": "2024-07-19", "close": 5810.0, "volume": 2898596, "typical_volume": 3272185.0, "trend": 6173.833333, "fair_value": 7226.410256, "relative_strength": -15.044918, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.933171, "energy": 46.770495, "activity_lines": [ 5848.666667, 5873.636364, 5936.928571, 6031.290323 ] }, { "date": "2024-07-26", "close": 5815.0, "volume": 2640211, "typical_volume": 3324337.4, "trend": 6139.333333, "fair_value": 7203.589744, "relative_strength": -12.579114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.542668, "energy": 46.15564, "activity_lines": [ 5837.0, 5856.727273, 5916.904762, 6008.139785 ] }, { "date": "2024-08-02", "close": 5930.0, "volume": 3899289, "typical_volume": 3440263.75, "trend": 6117.833333, "fair_value": 7180.737179, "relative_strength": -8.715305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.070655, "energy": 37.049895, "activity_lines": [ 5863.666667, 5866.0, 5911.02381, 5994.634409 ] }, { "date": "2024-08-09", "close": 5980.0, "volume": 3458120, "typical_volume": 3370742.45, "trend": 6097.833333, "fair_value": 7160.833333, "relative_strength": -4.638395, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.310776, "energy": 24.24795, "activity_lines": [ 5904.0, 5885.363636, 5912.095238, 5985.741935 ] }, { "date": "2024-08-16", "close": 6035.0, "volume": 955930, "typical_volume": 3208681.75, "trend": 6087.833333, "fair_value": 7142.403846, "relative_strength": -7.387637, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.654268, "energy": 15.347602, "activity_lines": [ 5955.0, 5912.454545, 5919.97619, 5981.688172 ] }, { "date": "2024-08-23", "close": 6210.0, "volume": 3886761, "typical_volume": 3270480.5, "trend": 6083.0, "fair_value": 7123.974359, "relative_strength": -4.615419, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.514811, "energy": 26.065989, "activity_lines": [ 6053.666667, 5970.636364, 5945.428571, 5989.569892 ] }, { "date": "2024-08-30", "close": 6235.0, "volume": 1323992, "typical_volume": 3141553.0, "trend": 6075.166667, "fair_value": 7104.487179, "relative_strength": -3.047871, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.684132, "energy": 49.576387, "activity_lines": [ 6134.0, 6027.545455, 5973.047619, 5999.376344 ] }, { "date": "2024-09-06", "close": 6300.0, "volume": 1274604, "typical_volume": 2823834.25, "trend": 6071.0, "fair_value": 7086.698718, "relative_strength": 3.033003, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.579065, "energy": 66.640634, "activity_lines": [ 6208.0, 6088.636364, 6005.642857, 6013.88172 ] }, { "date": "2024-09-13", "close": 6275.0, "volume": 1397504, "typical_volume": 2797604.65, "trend": 6068.333333, "fair_value": 7069.326923, "relative_strength": 1.454522, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.859172, "energy": 69.597733, "activity_lines": [ 6249.0, 6137.636364, 6033.904762, 6027.043011 ] }, { "date": "2024-09-20", "close": 6270.0, "volume": 752639, "typical_volume": 2700956.4, "trend": 6064.166667, "fair_value": 7052.083333, "relative_strength": 0.800703, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 39.94023, "energy": 67.386578, "activity_lines": [ 6268.666667, 6178.272727, 6060.119048, 6040.053763 ] }, { "date": "2024-09-27", "close": 6370.0, "volume": 1667552, "typical_volume": 2629239.4, "trend": 6064.166667, "fair_value": 7036.602564, "relative_strength": 0.366674, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.239951, "energy": 67.260815, "activity_lines": [ 6306.0, 6229.909091, 6094.738095, 6059.784946 ] }, { "date": "2024-10-04", "close": 6245.0, "volume": 2040486, "typical_volume": 2610542.6, "trend": 6056.166667, "fair_value": 7020.801282, "relative_strength": 1.619356, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 62.510468, "energy": 49.2107, "activity_lines": [ 6291.0, 6248.636364, 6115.690476, 6071.451613 ] }, { "date": "2024-10-11", "close": 6080.0, "volume": 2048973, "typical_volume": 2616408.55, "trend": 6045.833333, "fair_value": 7002.916667, "relative_strength": -1.91728, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.784118, "energy": 32.725928, "activity_lines": [ 6220.333333, 6229.545455, 6120.261905, 6072.989247 ] }, { "date": "2024-10-18", "close": 5895.0, "volume": 2461396, "typical_volume": 2598943.9, "trend": 6032.0, "fair_value": 6983.397436, "relative_strength": -4.5026, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 13.657666, "energy": 14.364225, "activity_lines": [ 6102.666667, 6174.090909, 6106.761905, 6063.258065 ] }, { "date": "2024-10-25", "close": 5730.0, "volume": 3089211, "typical_volume": 2656195.8, "trend": 6015.5, "fair_value": 6961.987179, "relative_strength": -6.416487, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.880632, "energy": 31.92763, "activity_lines": [ 5955.333333, 6090.181818, 6077.357143, 6043.774194 ] }, { "date": "2024-11-01", "close": 5795.0, "volume": 2084590, "typical_volume": 2555694.6, "trend": 6003.166667, "fair_value": 6942.532051, "relative_strength": -3.447686, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.003491, "energy": 40.554888, "activity_lines": [ 5865.666667, 6023.636364, 6055.404762, 6029.548387 ] }, { "date": "2024-11-08", "close": 5725.0, "volume": 6422130, "typical_volume": 2640902.7, "trend": 5994.666667, "fair_value": 6922.179487, "relative_strength": -4.920474, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.642236, "energy": 56.855514, "activity_lines": [ 5791.0, 5951.909091, 6027.238095, 6011.602151 ] }, { "date": "2024-11-15", "close": 5620.0, "volume": 4010869, "typical_volume": 2651976.8, "trend": 5985.666667, "fair_value": 6901.538462, "relative_strength": -0.747937, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.388041, "energy": 66.86365, "activity_lines": [ 5716.0, 5870.363636, 5989.5, 5987.430108 ] }, { "date": "2024-11-22", "close": 5615.0, "volume": 2691020, "typical_volume": 2598534.05, "trend": 5974.666667, "fair_value": 6881.602564, "relative_strength": -3.833653, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.30147, "energy": 80.804425, "activity_lines": [ 5670.0, 5800.272727, 5952.547619, 5963.516129 ] }, { "date": "2024-11-29", "close": 5655.0, "volume": 3149395, "typical_volume": 2607663.4, "trend": 5962.0, "fair_value": 6860.705128, "relative_strength": -1.057706, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.160548, "energy": 75.582097, "activity_lines": [ 5656.0, 5749.454545, 5920.595238, 5942.892473 ] }, { "date": "2024-12-06", "close": 5470.0, "volume": 4324910, "typical_volume": 2678979.1, "trend": 5944.333333, "fair_value": 6838.717949, "relative_strength": -2.884304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.158696, "energy": 80.811093, "activity_lines": [ 5585.333333, 5676.181818, 5872.071429, 5911.150538 ] }, { "date": "2024-12-13", "close": 5370.0, "volume": 3992539, "typical_volume": 2746595.5, "trend": 5919.833333, "fair_value": 6816.121795, "relative_strength": -6.815195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.4938, "energy": 85.694363, "activity_lines": [ 5503.0, 5601.090909, 5815.642857, 5874.096774 ] }, { "date": "2024-12-20", "close": 5220.0, "volume": 4905505, "typical_volume": 2796906.3, "trend": 5894.333333, "fair_value": 6793.173077, "relative_strength": -5.695129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.195904, "energy": 90.676006, "activity_lines": [ 5394.333333, 5514.636364, 5747.047619, 5828.946237 ] }, { "date": "2024-12-27", "close": 5080.0, "volume": 5065278, "typical_volume": 2877264.2, "trend": 5868.5, "fair_value": 6769.647436, "relative_strength": -7.88852, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.221584, "energy": 93.748336, "activity_lines": [ 5265.666667, 5418.363636, 5668.5, 5776.408602 ] }, { "date": "2025-01-03", "close": 5105.0, "volume": 8508615, "typical_volume": 3254898.45, "trend": 5838.833333, "fair_value": 6747.339744, "relative_strength": -8.490635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.225871, "energy": 91.639603, "activity_lines": [ 5181.0, 5341.454545, 5596.619048, 5727.150538 ] }, { "date": "2025-01-10", "close": 5125.0, "volume": 7229548, "typical_volume": 3422037.8, "trend": 5813.333333, "fair_value": 6723.814103, "relative_strength": -10.400283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.369956, "energy": 88.366299, "activity_lines": [ 5139.666667, 5279.545455, 5531.071429, 5681.096774 ] }, { "date": "2025-01-17", "close": 5175.0, "volume": 5882065, "typical_volume": 3649941.45, "trend": 5792.0, "fair_value": 6701.25, "relative_strength": -9.412982, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.733908, "energy": 83.456689, "activity_lines": [ 5138.0, 5238.909091, 5475.452381, 5639.913978 ] }, { "date": "2025-01-24", "close": 5355.0, "volume": 6793973, "typical_volume": 3925909.9, "trend": 5774.333333, "fair_value": 6681.025641, "relative_strength": -6.391455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.939834, "energy": 59.792726, "activity_lines": [ 5209.333333, 5241.0, 5442.02381, 5611.72043 ] }, { "date": "2025-01-31", "close": 5195.0, "volume": 4832236, "typical_volume": 4097646.5, "trend": 5752.0, "fair_value": 6658.942308, "relative_strength": -8.166163, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.465583, "energy": 53.264294, "activity_lines": [ 5218.333333, 5218.818182, 5397.857143, 5574.344086 ] }, { "date": "2025-02-07", "close": 5230.0, "volume": 8073375, "typical_volume": 4463683.3, "trend": 5730.5, "fair_value": 6637.115385, "relative_strength": -7.414613, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.03599, "energy": 43.383606, "activity_lines": [ 5231.333333, 5210.636364, 5362.166667, 5540.666667 ] }, { "date": "2025-02-14", "close": 5255.0, "volume": 3699754, "typical_volume": 4565293.4, "trend": 5712.0, "fair_value": 6615.25641, "relative_strength": -9.164651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.589106, "energy": 37.802549, "activity_lines": [ 5244.333333, 5214.727273, 5333.809524, 5509.989247 ] }, { "date": "2025-02-21", "close": 5325.0, "volume": 3858683, "typical_volume": 4656203.25, "trend": 5695.666667, "fair_value": 6594.358974, "relative_strength": -9.853754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.99748, "energy": 34.909268, "activity_lines": [ 5272.0, 5235.454545, 5317.428571, 5485.021505 ] }, { "date": "2025-02-28", "close": 5120.0, "volume": 5905134, "typical_volume": 4849011.3, "trend": 5668.666667, "fair_value": 6573.205128, "relative_strength": -8.849369, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.033043, "energy": 38.612979, "activity_lines": [ 5221.333333, 5219.727273, 5285.904762, 5447.88172 ] }, { "date": "2025-03-07", "close": 5230.0, "volume": 2475000, "typical_volume": 4849691.5, "trend": 5643.666667, "fair_value": 6554.358974, "relative_strength": -7.702577, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.986395, "energy": 35.393656, "activity_lines": [ 5223.0, 5225.818182, 5269.428571, 5419.580645 ] }, { "date": "2025-03-14", "close": 5175.0, "volume": 9395631, "typical_volume": 5165012.5, "trend": 5615.0, "fair_value": 6533.141026, "relative_strength": -8.473412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.860699, "energy": 37.681288, "activity_lines": [ 5204.0, 5219.181818, 5250.880952, 5389.344086 ] }, { "date": "2025-03-21", "close": 5100.0, "volume": 4760916, "typical_volume": 5298828.8, "trend": 5578.0, "fair_value": 6512.435897, "relative_strength": -12.138891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.602102, "energy": 44.730893, "activity_lines": [ 5163.666667, 5197.636364, 5227.833333, 5356.11828 ] }, { "date": "2025-03-28", "close": 5075.0, "volume": 2749401, "typical_volume": 5115192.35, "trend": 5539.333333, "fair_value": 6491.217949, "relative_strength": -9.435225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.078738, "energy": 47.513876, "activity_lines": [ 5125.333333, 5172.0, 5205.714286, 5323.666667 ] }, { "date": "2025-04-04", "close": 5295.0, "volume": 32823791, "typical_volume": 6555838.45, "trend": 5505.833333, "fair_value": 6472.211538, "relative_strength": -1.855218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.807161, "energy": 34.595411, "activity_lines": [ 5177.0, 5188.181818, 5207.642857, 5307.903226 ] }, { "date": "2025-04-11", "close": 5165.0, "volume": 8377695, "typical_volume": 6840172.2, "trend": 5468.833333, "fair_value": 6452.788462, "relative_strength": -2.886917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.819729, "energy": 31.229646, "activity_lines": [ 5173.666667, 5181.818182, 5198.738095, 5285.913978 ] }, { "date": "2025-04-18", "close": 5360.0, "volume": 3729435, "typical_volume": 6869174.2, "trend": 5438.5, "fair_value": 6435.448718, "relative_strength": -1.178694, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.486111, "energy": 8.184001, "activity_lines": [ 5239.666667, 5211.454545, 5210.547619, 5278.892473 ] }, { "date": "2025-04-25", "close": 5245.0, "volume": 2170673, "typical_volume": 6761462.35, "trend": 5401.0, "fair_value": 6418.814103, "relative_strength": -5.538717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.612084, "energy": 13.904484, "activity_lines": [ 5255.0, 5217.818182, 5212.809524, 5266.408602 ] }, { "date": "2025-05-02", "close": 5455.0, "volume": 3070481, "typical_volume": 6715359.45, "trend": 5374.666667, "fair_value": 6404.775641, "relative_strength": -2.167706, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.062256, "energy": 13.859912, "activity_lines": [ 5330.666667, 5262.545455, 5236.142857, 5269.892473 ] }, { "date": "2025-05-09", "close": 5525.0, "volume": 3632881, "typical_volume": 6651728.25, "trend": 5356.166667, "fair_value": 6392.115385, "relative_strength": -1.535689, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.248258, "energy": 36.381199, "activity_lines": [ 5404.333333, 5317.636364, 5265.738095, 5279.591398 ] }, { "date": "2025-05-16", "close": 5580.0, "volume": 3889006, "typical_volume": 6592914.65, "trend": 5345.666667, "fair_value": 6378.685897, "relative_strength": -2.332711, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.832244, "energy": 54.51374, "activity_lines": [ 5481.0, 5375.363636, 5299.119048, 5294.032258 ] }, { "date": "2025-05-23", "close": 5700.0, "volume": 4552719, "typical_volume": 6395119.85, "trend": 5344.666667, "fair_value": 6365.032051, "relative_strength": 1.131264, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 49.223755, "energy": 65.595964, "activity_lines": [ 5570.0, 5448.545455, 5341.547619, 5316.892473 ] }, { "date": "2025-05-30", "close": 5660.0, "volume": 2652183, "typical_volume": 6166251.6, "trend": 5340.166667, "fair_value": 6350.064103, "relative_strength": -3.403912, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.138104, "energy": 64.829068, "activity_lines": [ 5623.0, 5504.909091, 5377.333333, 5337.236559 ] }, { "date": "2025-06-06", "close": 5820.0, "volume": 1904613, "typical_volume": 5967379.0, "trend": 5343.333333, "fair_value": 6338.237179, "relative_strength": -4.601718, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 78.764931, "energy": 80.455989, "activity_lines": [ 5701.666667, 5580.181818, 5425.809524, 5368.193548 ] }, { "date": "2025-06-13", "close": 5735.0, "volume": 3731466, "typical_volume": 5814253.65, "trend": 5347.166667, "fair_value": 6327.339744, "relative_strength": -8.551669, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.687382, "energy": 73.476256, "activity_lines": [ 5727.666667, 5626.454545, 5463.119048, 5393.462366 ] }, { "date": "2025-06-20", "close": 5745.0, "volume": 6880030, "typical_volume": 5916643.35, "trend": 5351.5, "fair_value": 6317.307692, "relative_strength": -12.102732, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.169819, "energy": 64.489635, "activity_lines": [ 5743.0, 5666.545455, 5499.571429, 5419.129032 ] }, { "date": "2025-06-27", "close": 5815.0, "volume": 4544676, "typical_volume": 5740208.4, "trend": 5356.833333, "fair_value": 6307.75641, "relative_strength": -11.867337, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.642315, "energy": 53.208101, "activity_lines": [ 5770.666667, 5708.818182, 5540.071429, 5449.032258 ] }, { "date": "2025-07-04", "close": 5770.0, "volume": 2532676, "typical_volume": 5681854.5, "trend": 5366.833333, "fair_value": 6298.173077, "relative_strength": -12.377001, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.603136, "energy": 47.430207, "activity_lines": [ 5775.666667, 5734.636364, 5573.5, 5475.688172 ] }, { "date": "2025-07-11", "close": 5650.0, "volume": 3133652, "typical_volume": 5645602.95, "trend": 5376.166667, "fair_value": 6289.583333, "relative_strength": -17.27707, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.27309, "energy": 41.826851, "activity_lines": [ 5733.333333, 5729.090909, 5593.047619, 5493.956989 ] }, { "date": "2025-07-18", "close": 5505.0, "volume": 2320810, "typical_volume": 5466386.75, "trend": 5385.666667, "fair_value": 6279.230769, "relative_strength": -19.457781, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.306945, "energy": 27.478637, "activity_lines": [ 5654.0, 5693.636364, 5597.238095, 5502.268817 ] }, { "date": "2025-07-25", "close": 5620.0, "volume": 2583853, "typical_volume": 5471829.4, "trend": 5403.666667, "fair_value": 6268.717949, "relative_strength": -17.707327, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.245672, "energy": 20.83114, "activity_lines": [ 5628.333333, 5679.454545, 5610.547619, 5517.387097 ] }, { "date": "2025-08-01", "close": 5430.0, "volume": 3807330, "typical_volume": 5192414.35, "trend": 5414.5, "fair_value": 6256.891026, "relative_strength": -18.186147, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.758187, "energy": 19.214204, "activity_lines": [ 5547.666667, 5630.0, 5603.904762, 5519.086022 ] }, { "date": "2025-08-08", "close": 5515.0, "volume": 2329419, "typical_volume": 5070839.5, "trend": 5427.5, "fair_value": 6245.865385, "relative_strength": -18.816175, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.040996, "energy": 17.722986, "activity_lines": [ 5521.0, 5600.909091, 5604.142857, 5525.569892 ] }, { "date": "2025-08-15", "close": 5560.0, "volume": 1488014, "typical_volume": 5007770.15, "trend": 5440.333333, "fair_value": 6236.730769, "relative_strength": -18.168774, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.048321, "energy": 15.122766, "activity_lines": [ 5526.333333, 5582.636364, 5606.690476, 5534.11828 ] }, { "date": "2025-08-22", "close": 5475.0, "volume": 2422184, "typical_volume": 3487689.8, "trend": 5444.333333, "fair_value": 6227.564103, "relative_strength": -17.54241, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.225808, "energy": 14.39127, "activity_lines": [ 5509.333333, 5553.636364, 5598.833333, 5536.354839 ] }, { "date": "2025-08-29", "close": 5500.0, "volume": 4983040, "typical_volume": 3317957.05, "trend": 5454.5, "fair_value": 6220.192308, "relative_strength": -17.155058, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.611911, "energy": 12.060523, "activity_lines": [ 5502.666667, 5533.909091, 5592.5, 5539.946237 ] }, { "date": "2025-09-05", "close": 5480.0, "volume": 2225335, "typical_volume": 3242752.05, "trend": 5462.833333, "fair_value": 6214.134615, "relative_strength": -17.364002, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.10134, "energy": 14.968459, "activity_lines": [ 5497.333333, 5515.0, 5582.666667, 5541.591398 ] }, { "date": "2025-09-12", "close": 5490.0, "volume": 4953756, "typical_volume": 3381906.2, "trend": 5470.666667, "fair_value": 6208.717949, "relative_strength": -21.255925, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 1.092243, "energy": 16.469216, "activity_lines": [ 5492.0, 5504.0, 5573.214286, 5543.344086 ] }, { "date": "2025-09-19", "close": 5445.0, "volume": 2716449, "typical_volume": 3364204.6, "trend": 5474.666667, "fair_value": 6204.230769, "relative_strength": -22.419629, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.282631, "energy": 23.501313, "activity_lines": [ 5473.333333, 5489.909091, 5558.309524, 5541.688172 ] }, { "date": "2025-09-26", "close": 5300.0, "volume": 3167749, "typical_volume": 3340948.0, "trend": 5480.666667, "fair_value": 6200.128205, "relative_strength": -22.552362, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -50.152774, "energy": 48.523231, "activity_lines": [ 5414.0, 5453.181818, 5529.642857, 5530.419355 ] }, { "date": "2025-10-03", "close": 5395.0, "volume": 1792385, "typical_volume": 3236116.95, "trend": 5486.166667, "fair_value": 6195.608974, "relative_strength": -24.131224, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.439967, "energy": 47.90928, "activity_lines": [ 5398.0, 5437.454545, 5511.095238, 5524.892473 ] }, { "date": "2025-10-10", "close": 5235.0, "volume": 875166, "typical_volume": 3052239.3, "trend": 5488.166667, "fair_value": 6190.99359, "relative_strength": -27.008511, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.988836, "energy": 65.40051, "activity_lines": [ 5335.666667, 5396.727273, 5478.190476, 5508.688172 ] }, { "date": "2025-10-17", "close": 5230.0, "volume": 3178201, "typical_volume": 3078540.2, "trend": 5492.5, "fair_value": 6186.987179, "relative_strength": -29.166337, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.065316, "energy": 79.233368, "activity_lines": [ 5288.0, 5358.636364, 5447.02381, 5492.032258 ] }, { "date": "2025-10-24", "close": 5110.0, "volume": 2603537, "typical_volume": 3113486.4, "trend": 5493.666667, "fair_value": 6181.185897, "relative_strength": -33.577336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.835764, "energy": 87.353406, "activity_lines": [ 5217.666667, 5303.909091, 5406.47619, 5467.354839 ] }, { "date": "2025-10-31", "close": 5190.0, "volume": 2508069, "typical_volume": 3052316.55, "trend": 5490.166667, "fair_value": 6175.801282, "relative_strength": -34.60789, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.1991, "energy": 83.795961, "activity_lines": [ 5196.333333, 5271.909091, 5376.928571, 5447.763441 ] }, { "date": "2025-11-07", "close": 4960.0, "volume": 2586168, "typical_volume": 2837623.45, "trend": 5483.333333, "fair_value": 6163.301282, "relative_strength": -34.435736, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.155201, "energy": 94.090533, "activity_lines": [ 5105.666667, 5203.272727, 5328.071429, 5413.55914 ] }, { "date": "2025-11-14", "close": 4955.0, "volume": 3622786, "typical_volume": 2791528.95, "trend": 5469.833333, "fair_value": 6152.051282, "relative_strength": -34.730574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.348883, "energy": 91.88116, "activity_lines": [ 5042.333333, 5143.545455, 5282.47619, 5379.473118 ] }, { "date": "2025-11-21", "close": 4835.0, "volume": 1638710, "typical_volume": 2746830.65, "trend": 5456.166667, "fair_value": 6139.102564, "relative_strength": -33.020728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.959784, "energy": 93.632131, "activity_lines": [ 4957.666667, 5071.545455, 5229.547619, 5338.516129 ] }, { "date": "2025-11-28", "close": 4865.0, "volume": 2476371, "typical_volume": 2713966.6, "trend": 5436.5, "fair_value": 6124.74359, "relative_strength": -33.133687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.007632, "energy": 89.826646, "activity_lines": [ 4909.333333, 5016.909091, 5183.928571, 5300.376344 ] }, { "date": "2025-12-05", "close": 4860.0, "volume": 1741184, "typical_volume": 2684985.3, "trend": 5414.333333, "fair_value": 6110.448718, "relative_strength": -35.311788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.894473, "energy": 83.538061, "activity_lines": [ 4875.666667, 4971.909091, 5141.571429, 5263.182796 ] }, { "date": "2025-12-12", "close": 4835.0, "volume": 2447593, "typical_volume": 2678172.3, "trend": 5389.5, "fair_value": 6096.410256, "relative_strength": -36.014478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.525047, "energy": 75.549945, "activity_lines": [ 4855.666667, 4930.363636, 5099.904762, 5225.806452 ] }, { "date": "2025-12-19", "close": 4805.0, "volume": 2863026, "typical_volume": 2630957.1, "trend": 5359.666667, "fair_value": 6080.480769, "relative_strength": -33.403305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.74127, "energy": 68.053416, "activity_lines": [ 4834.0, 4893.545455, 5059.119048, 5188.096774 ] }, { "date": "2025-12-26", "close": 5020.0, "volume": 7440118, "typical_volume": 2886492.05, "trend": 5338.333333, "fair_value": 6064.807692, "relative_strength": -31.604692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.248608, "energy": 56.318272, "activity_lines": [ 4894.0, 4903.636364, 5041.785714, 5166.182796 ] }, { "date": "2026-01-02", "close": 5015.0, "volume": 1726724, "typical_volume": 2898427.55, "trend": 5311.5, "fair_value": 6049.262821, "relative_strength": -33.862528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.000375, "energy": 42.369173, "activity_lines": [ 4940.0, 4916.636364, 5026.333333, 5145.322581 ] }, { "date": "2026-01-09", "close": 4915.0, "volume": 1128969, "typical_volume": 2833766.8, "trend": 5284.166667, "fair_value": 6031.025641, "relative_strength": -38.442206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.196404, "energy": 36.211908, "activity_lines": [ 4942.666667, 4913.181818, 5003.952381, 5119.741935 ] }, { "date": "2026-01-16", "close": 4805.0, "volume": 3909308, "typical_volume": 2780080.2, "trend": 5252.833333, "fair_value": 6011.602564, "relative_strength": -42.308567, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.581519, "energy": 38.777581, "activity_lines": [ 4905.0, 4894.727273, 4973.761905, 5088.827957 ] }, { "date": "2026-01-23", "close": 4865.0, "volume": 2359702, "typical_volume": 2786798.55, "trend": 5221.166667, "fair_value": 5992.339744, "relative_strength": -42.607456, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.713713, "energy": 43.220803, "activity_lines": [ 4889.333333, 4890.0, 4952.595238, 5063.806452 ] }, { "date": "2026-01-30", "close": 5040.0, "volume": 2837382, "typical_volume": 2680979.85, "trend": 5196.833333, "fair_value": 5973.974359, "relative_strength": -42.493936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.971986, "energy": 31.060195, "activity_lines": [ 4928.0, 4918.727273, 4951.02381, 5052.11828 ] }, { "date": "2026-02-06", "close": 4830.0, "volume": 2168123, "typical_volume": 2653563.55, "trend": 5169.5, "fair_value": 5957.115385, "relative_strength": -42.68678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.125777, "energy": 40.00961, "activity_lines": [ 4895.333333, 4905.545455, 4931.595238, 5028.451613 ] }, { "date": "2026-02-13", "close": 4970.0, "volume": 1560985, "typical_volume": 2573225.35, "trend": 5151.666667, "fair_value": 5943.717949, "relative_strength": -44.778616, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.576047, "energy": 22.875629, "activity_lines": [ 4921.666667, 4918.454545, 4928.428571, 5015.580645 ] }, { "date": "2026-02-20", "close": 4955.0, "volume": 196203, "typical_volume": 2493416.25, "trend": 5129.5, "fair_value": 5930.576923, "relative_strength": -47.085311, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.790876, "energy": 13.763062, "activity_lines": [ 4939.333333, 4926.636364, 4925.404762, 5002.892473 ] }, { "date": "2026-02-27", "close": 5025.0, "volume": 1352747, "typical_volume": 2517295.3, "trend": 5116.0, "fair_value": 5917.820513, "relative_strength": -49.346137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.626385, "energy": 9.57773, "activity_lines": [ 4970.333333, 4945.363636, 4931.142857, 4996.150538 ] }, { "date": "2026-03-06", "close": 4770.0, "volume": 3918378, "typical_volume": 2554304.15, "trend": 5091.166667, "fair_value": 5905.0, "relative_strength": -45.457612, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -50.146957, "energy": 23.513421, "activity_lines": [ 4905.666667, 4913.727273, 4913.595238, 4973.827957 ] }, { "date": "2026-03-13", "close": 4650.0, "volume": 4899044, "typical_volume": 2669079.5, "trend": 5060.833333, "fair_value": 5890.224359, "relative_strength": -45.095476, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.711088, "energy": 44.092389, "activity_lines": [ 4819.0, 4864.818182, 4886.809524, 4945.365591 ] }, { "date": "2026-03-20", "close": 4600.0, "volume": 6194904, "typical_volume": 2853421.25, "trend": 5031.666667, "fair_value": 5874.391026, "relative_strength": -47.708855, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.304849, "energy": 66.262001, "activity_lines": [ 4727.666667, 4813.454545, 4857.452381, 4915.634409 ] }, { "date": "2026-03-27", "close": 4550.0, "volume": 6262017, "typical_volume": 3037213.7, "trend": 5000.0, "fair_value": 5858.910256, "relative_strength": -44.212748, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.57819, "energy": 79.634821, "activity_lines": [ 4644.333333, 4758.727273, 4826.142857, 4884.55914 ] }, { "date": "2026-04-03", "close": 4540.0, "volume": 7511488, "typical_volume": 3231648.8, "trend": 4968.666667, "fair_value": 5844.455128, "relative_strength": -42.740895, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.799803, "energy": 79.105347, "activity_lines": [ 4584.666667, 4706.818182, 4795.833333, 4854.88172 ] }, { "date": "2026-04-10", "close": 4690.0, "volume": 3004822, "typical_volume": 3299954.4, "trend": 4942.0, "fair_value": 5829.871795, "relative_strength": -44.75806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.981386, "energy": 67.940218, "activity_lines": [ 4607.333333, 4688.090909, 4781.785714, 4836.903226 ] }, { "date": "2026-04-17", "close": 4695.0, "volume": 1627286, "typical_volume": 3257500.15, "trend": 4917.0, "fair_value": 5817.211538, "relative_strength": -46.683025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.491526, "energy": 43.323965, "activity_lines": [ 4637.0, 4676.636364, 4768.904762, 4820.967742 ] }, { "date": "2026-04-24", "close": 4670.0, "volume": 1567900, "typical_volume": 3248835.95, "trend": 4896.0, "fair_value": 5804.967949, "relative_strength": -48.355534, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.773649, "energy": 34.763613, "activity_lines": [ 4655.333333, 4663.090909, 4754.452381, 4805.032258 ] }, { "date": "2026-05-01", "close": 4670.0, "volume": 718650, "typical_volume": 3162388.8, "trend": 4871.833333, "fair_value": 5791.891026, "relative_strength": -48.306769, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.451603, "energy": 24.672952, "activity_lines": [ 4669.0, 4655.0, 4740.904762, 4790.451613 ] }, { "date": "2026-05-08", "close": 4755.0, "volume": 1423987, "typical_volume": 3090436.85, "trend": 4855.833333, "fair_value": 5780.064103, "relative_strength": -52.674012, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.88004, "energy": 19.473327, "activity_lines": [ 4703.0, 4667.545455, 4736.238095, 4782.913978 ] }, { "date": "2026-05-15", "close": 4560.0, "volume": 2653885, "typical_volume": 2851125.2, "trend": 4833.5, "fair_value": 5766.634615, "relative_strength": -53.575836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.918762, "energy": 28.099139, "activity_lines": [ 4657.666667, 4649.545455, 4713.238095, 4763.827957 ] }, { "date": "2026-05-22", "close": 4470.0, "volume": 3851919, "typical_volume": 2957384.95, "trend": 4812.166667, "fair_value": 5752.532051, "relative_strength": -55.483862, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.581541, "energy": 40.616494, "activity_lines": [ 4591.0, 4619.0, 4683.857143, 4740.376344 ] }, { "date": "2026-05-29", "close": 4525.0, "volume": 2881851, "typical_volume": 3045029.05, "trend": 4790.0, "fair_value": 5737.596154, "relative_strength": -57.27273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.551022, "energy": 47.001274, "activity_lines": [ 4557.666667, 4601.727273, 4662.309524, 4721.849462 ] }, { "date": "2026-06-05", "close": 4325.0, "volume": 2238791, "typical_volume": 2961503.2, "trend": 4768.833333, "fair_value": 5720.448718, "relative_strength": -56.552419, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.67101, "energy": 74.706296, "activity_lines": [ 4467.333333, 4549.454545, 4623.571429, 4691.849462 ] }, { "date": "2026-06-12", "close": 4385.0, "volume": 358329, "typical_volume": 2861434.55, "trend": 4749.833333, "fair_value": 5702.339744, "relative_strength": -54.720223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.166596, "energy": 76.037301, "activity_lines": [ 4420.0, 4512.181818, 4592.833333, 4667.086022 ] }, { "date": "2026-06-19", "close": 4375.0, "volume": 856681, "typical_volume": 2762399.5, "trend": 4734.5, "fair_value": 5686.378205, "relative_strength": -58.509711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.296773, "energy": 74.999427, "activity_lines": [ 4394.0, 4475.909091, 4563.428571, 4642.903226 ] }, { "date": "2026-06-26", "close": 4340.0, "volume": 954762, "typical_volume": 2701731.45, "trend": 4717.0, "fair_value": 5671.153846, "relative_strength": -54.666033, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.217065, "energy": 75.701145, "activity_lines": [ 4368.666667, 4439.0, 4533.857143, 4617.451613 ] }, { "date": "2026-07-03", "close": 4365.0, "volume": 2297995, "typical_volume": 2738581.95, "trend": 4700.5, "fair_value": 5655.320513, "relative_strength": -51.47848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.656711, "energy": 63.807523, "activity_lines": [ 4360.333333, 4413.090909, 4509.0, 4594.741935 ] }, { "date": "2026-07-10", "close": 4515.0, "volume": 4172229, "typical_volume": 2937383.25, "trend": 4689.833333, "fair_value": 5637.788462, "relative_strength": -44.573582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.341181, "energy": 42.706721, "activity_lines": [ 4412.666667, 4420.0, 4501.309524, 4582.774194 ] }, { "date": "2026-07-17", "close": 4645.0, "volume": 2013484, "typical_volume": 2970420.1, "trend": 4684.5, "fair_value": 5622.307692, "relative_strength": -36.323638, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.023271, "energy": 19.169455, "activity_lines": [ 4495.666667, 4453.363636, 4508.095238, 4579.88172 ] }, { "date": "2026-07-24", "close": 4730.0, "volume": 1942069, "typical_volume": 2871604.65, "trend": 4674.833333, "fair_value": 5606.955128, "relative_strength": -32.624909, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.980394, "energy": 17.126674, "activity_lines": [ 4589.666667, 4504.181818, 4524.785714, 4582.817204 ] }, { "date": "2026-07-31", "close": 4995.0, "volume": 1940470, "typical_volume": 2723675.95, "trend": 4674.166667, "fair_value": 5595.544872, "relative_strength": -26.49884, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 45.336644, "energy": 45.560186, "activity_lines": [ 4748.333333, 4600.090909, 4566.904762, 4603.473118 ] }, { "date": "2026-08-07", "close": 5075.0, "volume": 2273073, "typical_volume": 2527584.4, "trend": 4679.5, "fair_value": 5585.608974, "relative_strength": -19.949039, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.379201, "energy": 72.271692, "activity_lines": [ 4890.0, 4701.0, 4615.0, 4629.333333 ] } ], "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." } } }