{ "ticker": { "uuid": "89374848-84e2-47c6-9bfe-644aa1839a9e", "symbol": "BETE", "name": "PROSHARES BITCOIN & ETHER EQUAL WEIGHT ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -37.573, "architecture_energy": 23.865, "architecture_maturity": 81.686, "architecture_confidence": 68.315, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 46.32, "rotation_up": 27.51, "upward_expansion": 20.53, "deceleration": 46.81, "rotation_down": 22.71, "downward_expansion": 54.53 }, "activity_lines": [ 30.384039, 29.68126, 31.094417, 32.095477 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 30.9327, "trend_reference": 34.006803, "distance_from_trend": -0.090397, "trend_direction": "Weakening", "fair_value": 41.136639, "distance_from_fair_value": -0.24805, "fair_value_direction": "Weakening", "relative_strength": -36.895381, "relative_strength_direction": "Weakening", "price_momentum": -0.085165, "excess_performance": -0.21079, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.090397, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.151408, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.24805, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.149047, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.368954, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.068613, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.085165, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.221347, "read": "Demand-led" } ], "volume": { "latest": 5876, "relative_activity": 0.388599, "balance": 1.221347, "dry_up": 0.790639, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.076961, "annualized_volatility": 0.426696, "from_high_reference": -0.553727, "from_low_reference": 0.168061 }, "levels": { "trend_reference": 34.006803, "fair_value_reference": 41.136639, "structural_low": 26.482103, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.039531, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.035697, "regime_survival": 0.777778, "best_return": 0.34912, "worst_return": -0.250632, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.138609, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.267641, "regime_survival": 0.666667, "best_return": 0.641545, "worst_return": -0.305001, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.260073, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.097063, "regime_survival": 0.5, "best_return": 0.92148, "worst_return": -0.401334, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.12838, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.158757, "regime_survival": 1.0, "best_return": 0.12838, "worst_return": 0.12838, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.4524, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-25", "tenure": "Developing", "return": 0.271284, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-10-10", "tenure": "Developing", "return": 0.097218, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-11-21", "tenure": "Developing", "return": -0.245587, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-26", "tenure": "Developing", "return": -0.034702, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-05-08", "tenure": "Established", "return": -0.19988, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": -0.083056, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.140884, "active": true } ], "chart_path": [ { "date": "2023-10-06", "close": 20.931218, "volume": 14400, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 19.769921, "volume": 4281, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 21.26073, "volume": 4041, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 23.804312, "volume": 6139, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 24.432828, "volume": 1982, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 27.268188, "volume": 1751, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 25.877778, "volume": 5393, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 27.414544, "volume": 1275, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 27.42119, "volume": 1484, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 31.209502, "volume": 5530, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 29.522188, "volume": 3111, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 30.417624, "volume": 2750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 29.575996, "volume": 8467, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 29.763633, "volume": 13751, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 31.556088, "volume": 19766, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 30.31605, "volume": 7953, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 28.951773, "volume": 9332, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 29.362028, "volume": 6759, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 32.264176, "volume": 10191, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 35.532776, "volume": 4889, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 36.162392, "volume": 4258, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 43.295085, "volume": 21495, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 48.466108, "volume": 36016, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 46.567355, "volume": 19488, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 42.553804, "volume": 13207, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 46.400352, "volume": 3501, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 43.544521, "volume": 7883, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 42.630144, "volume": 17068, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 41.016911, "volume": 11797, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 41.021815, "volume": 14347, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 40.003958, "volume": 9863, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 38.396947, "volume": 7362, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 41.722756, "volume": 3172, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 46.506835, "volume": 6370, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 46.164236, "volume": 14705, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 46.024111, "volume": 6138, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 42.900654, "volume": 14935, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 43.216163, "volume": 7282, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 40.737707, "volume": 8518, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 37.172877, "volume": 7728, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 38.406424, "volume": 11281, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 44.137887, "volume": 12534, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 42.716824, "volume": 10987, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 39.17501, "volume": 43504, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 35.934465, "volume": 18695, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 35.79993, "volume": 4256, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 37.800514, "volume": 6185, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 34.640309, "volume": 4856, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 31.110257, "volume": 6723, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 34.287893, "volume": 4223, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 36.076303, "volume": 4619, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 37.940081, "volume": 36642, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 34.947307, "volume": 5861, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 35.327465, "volume": 6004, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 38.284764, "volume": 36629, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 36.442835, "volume": 7858, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 37.364873, "volume": 8498, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 42.593237, "volume": 9870, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 47.804354, "volume": 27813, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 51.417201, "volume": 44704, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 52.788751, "volume": 10755, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 57.250723, "volume": 16394, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 55.996154, "volume": 11722, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 50.898397, "volume": 17008, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 49.394172, "volume": 11285, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 52.489809, "volume": 17255, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 48.83977, "volume": 9301, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 53.270552, "volume": 8763, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 51.997472, "volume": 7006, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 50.942298, "volume": 4661, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 43.808387, "volume": 10901, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 45.244527, "volume": 7383, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 43.733197, "volume": 5218, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 37.973535, "volume": 8256, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 38.110515, "volume": 11395, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 35.458345, "volume": 6015, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 35.606161, "volume": 4154, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 34.620197, "volume": 9845, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 34.135356, "volume": 6271, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 31.930556, "volume": 6845, "typical_volume": 9521.65, "trend": 43.42291, "fair_value": 38.598176, "relative_strength": -20.055831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.853282, "energy": 87.752625, "activity_lines": [ 33.781697, 35.880405, 41.0755, 42.97988 ] }, { "date": "2025-04-18", "close": 32.300648, "volume": 6190, "typical_volume": 9293.4, "trend": 43.297055, "fair_value": 38.520429, "relative_strength": -17.494617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.876271, "energy": 86.397832, "activity_lines": [ 33.098539, 34.832873, 39.844662, 42.262314 ] }, { "date": "2025-04-25", "close": 36.444359, "volume": 7700, "typical_volume": 8858.7, "trend": 43.247197, "fair_value": 38.495111, "relative_strength": -10.64735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.59172, "energy": 64.600968, "activity_lines": [ 34.007131, 34.747973, 39.106026, 41.820205 ] }, { "date": "2025-05-02", "close": 37.077459, "volume": 7987, "typical_volume": 8671.95, "trend": 43.318202, "fair_value": 38.478031, "relative_strength": -11.362796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.19369, "energy": 50.697745, "activity_lines": [ 35.070876, 34.938187, 38.526763, 41.422157 ] }, { "date": "2025-05-09", "close": 43.07814, "volume": 4971, "typical_volume": 8070.1, "trend": 43.576558, "fair_value": 38.532794, "relative_strength": 3.37885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.959687, "energy": 24.226281, "activity_lines": [ 37.971031, 36.340446, 38.609083, 41.40667 ] }, { "date": "2025-05-16", "close": 45.830176, "volume": 5671, "typical_volume": 7789.4, "trend": 43.828072, "fair_value": 38.618645, "relative_strength": 4.529083, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.235342, "energy": 25.051221, "activity_lines": [ 41.192346, 38.150265, 38.99074, 41.552064 ] }, { "date": "2025-05-23", "close": 46.375932, "volume": 2844, "typical_volume": 7068.85, "trend": 44.159175, "fair_value": 38.708846, "relative_strength": 8.781633, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 16.359967, "energy": 36.9206, "activity_lines": [ 43.668937, 39.918954, 39.441346, 41.716442 ] }, { "date": "2025-05-30", "close": 45.671693, "volume": 5142, "typical_volume": 6860.9, "trend": 44.436069, "fair_value": 38.788879, "relative_strength": 5.568919, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.457498, "energy": 47.589043, "activity_lines": [ 44.972431, 41.361099, 39.853995, 41.814024 ] }, { "date": "2025-06-06", "close": 44.781081, "volume": 6565, "typical_volume": 6751.0, "trend": 44.508997, "fair_value": 38.856972, "relative_strength": 2.161411, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.675026, "energy": 53.35414, "activity_lines": [ 45.363898, 42.458304, 40.19691, 41.836283 ] }, { "date": "2025-06-13", "close": 45.262627, "volume": 2847, "typical_volume": 6543.05, "trend": 44.424273, "fair_value": 38.928946, "relative_strength": 3.745354, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.068912, "energy": 60.107664, "activity_lines": [ 45.402305, 43.45832, 40.626112, 41.884904 ] }, { "date": "2025-06-20", "close": 43.911811, "volume": 3125, "typical_volume": 6466.25, "trend": 44.174093, "fair_value": 38.984311, "relative_strength": 0.982319, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.601626, "energy": 35.558629, "activity_lines": [ 44.844808, 44.010419, 40.958736, 41.851842 ] }, { "date": "2025-06-27", "close": 44.632846, "volume": 2920, "typical_volume": 6067.2, "trend": 43.90223, "fair_value": 39.046383, "relative_strength": -0.719574, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.939027, "energy": 25.365253, "activity_lines": [ 44.655547, 44.475774, 41.393509, 41.881439 ] }, { "date": "2025-07-04", "close": 46.580258, "volume": 4310, "typical_volume": 5913.55, "trend": 43.546548, "fair_value": 39.128273, "relative_strength": 1.706604, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.974378, "energy": 28.815757, "activity_lines": [ 45.231629, 45.070982, 42.009823, 42.054215 ] }, { "date": "2025-07-11", "close": 52.415437, "volume": 8500, "typical_volume": 6077.65, "trend": 43.42719, "fair_value": 39.271146, "relative_strength": 14.324497, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.733868, "energy": 49.345942, "activity_lines": [ 47.6922, 46.542843, 43.175508, 42.626401 ] }, { "date": "2025-07-18", "close": 57.430652, "volume": 35814, "typical_volume": 7455.55, "trend": 43.644932, "fair_value": 39.464332, "relative_strength": 24.144455, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 62.695485, "energy": 80.549583, "activity_lines": [ 51.315552, 48.647689, 44.777488, 43.529851 ] }, { "date": "2025-07-25", "close": 58.061686, "volume": 13195, "typical_volume": 7545.55, "trend": 43.933849, "fair_value": 39.660094, "relative_strength": 23.256881, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 86.601488, "energy": 94.166323, "activity_lines": [ 54.338047, 50.606313, 46.346914, 44.459964 ] }, { "date": "2025-08-01", "close": 55.917726, "volume": 11240, "typical_volume": 7806.8, "trend": 44.048113, "fair_value": 39.829444, "relative_strength": 21.153204, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.315205, "energy": 88.314435, "activity_lines": [ 55.702564, 51.952736, 47.617148, 45.233117 ] }, { "date": "2025-08-08", "close": 61.563976, "volume": 13681, "typical_volume": 8283.15, "trend": 44.472254, "fair_value": 40.053511, "relative_strength": 29.200954, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.767102, "energy": 95.050523, "activity_lines": [ 58.196839, 54.152262, 49.327694, 46.363173 ] }, { "date": "2025-08-15", "close": 64.438539, "volume": 32243, "typical_volume": 9403.05, "trend": 44.84452, "fair_value": 40.302338, "relative_strength": 32.731509, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.391324, "energy": 94.758273, "activity_lines": [ 60.650387, 56.585485, 51.1884, 47.65132 ] }, { "date": "2025-08-22", "close": 68.193309, "volume": 8490, "typical_volume": 9514.0, "trend": 45.384381, "fair_value": 40.584065, "relative_strength": 38.729283, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.200353, "energy": 93.003673, "activity_lines": [ 63.553984, 59.343986, 53.264711, 49.157694 ] }, { "date": "2025-08-29", "close": 61.792576, "volume": 13171, "typical_volume": 9830.3, "trend": 45.746057, "fair_value": 40.79615, "relative_strength": 24.701506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.908106, "energy": 75.365016, "activity_lines": [ 63.606494, 60.521795, 54.569247, 50.216287 ] }, { "date": "2025-09-05", "close": 62.475523, "volume": 15457, "typical_volume": 10293.65, "trend": 46.368295, "fair_value": 41.010797, "relative_strength": 24.461752, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.057181, "energy": 65.899504, "activity_lines": [ 63.637927, 61.498672, 55.796626, 51.295607 ] }, { "date": "2025-09-12", "close": 66.514103, "volume": 46698, "typical_volume": 12243.55, "trend": 47.077281, "fair_value": 41.26083, "relative_strength": 29.194941, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.895603, "energy": 67.95297, "activity_lines": [ 64.578366, 62.885424, 57.264941, 52.595337 ] }, { "date": "2025-09-19", "close": 64.314989, "volume": 13559, "typical_volume": 12522.15, "trend": 47.76334, "fair_value": 41.484657, "relative_strength": 22.420303, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.442147, "energy": 60.121685, "activity_lines": [ 64.455759, 63.509903, 58.380628, 53.707447 ] }, { "date": "2025-09-26", "close": 59.66263, "volume": 18220, "typical_volume": 13184.6, "trend": 48.48631, "fair_value": 41.659445, "relative_strength": 13.255762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.297607, "energy": 46.407057, "activity_lines": [ 62.790602, 63.072144, 58.92353, 54.475143 ] }, { "date": "2025-10-03", "close": 67.032671, "volume": 32080, "typical_volume": 14505.05, "trend": 49.450382, "fair_value": 41.901095, "relative_strength": 24.683102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.598504, "energy": 53.195976, "activity_lines": [ 64.150838, 63.93381, 60.089368, 55.671683 ] }, { "date": "2025-10-10", "close": 61.353927, "volume": 42856, "typical_volume": 16505.65, "trend": 50.313568, "fair_value": 42.084612, "relative_strength": 16.053506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.362304, "energy": 36.167994, "activity_lines": [ 63.268819, 63.599869, 60.613408, 56.439653 ] }, { "date": "2025-10-17", "close": 57.244873, "volume": 52183, "typical_volume": 18857.7, "trend": 51.034859, "fair_value": 42.226297, "relative_strength": 5.927807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.881789, "energy": 24.008959, "activity_lines": [ 61.091889, 62.419987, 60.674786, 56.886834 ] }, { "date": "2025-10-24", "close": 59.104535, "volume": 8248, "typical_volume": 18941.85, "trend": 51.851003, "fair_value": 42.382577, "relative_strength": 6.697584, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.43392, "energy": 20.050583, "activity_lines": [ 60.152795, 61.656754, 60.858165, 57.407459 ] }, { "date": "2025-10-31", "close": 58.682252, "volume": 14903, "typical_volume": 19544.65, "trend": 52.669233, "fair_value": 42.532115, "relative_strength": 4.700499, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.808583, "energy": 17.735724, "activity_lines": [ 59.420303, 60.913725, 60.933119, 57.848184 ] }, { "date": "2025-11-07", "close": 53.872729, "volume": 32894, "typical_volume": 21033.1, "trend": 53.400639, "fair_value": 42.635211, "relative_strength": -2.479645, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.018137, "energy": 17.154192, "activity_lines": [ 57.149995, 59.469165, 60.48612, 57.925829 ] }, { "date": "2025-11-14", "close": 48.715406, "volume": 67154, "typical_volume": 24244.8, "trend": 53.947797, "fair_value": 42.689988, "relative_strength": -11.733193, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -19.185282, "energy": 30.008819, "activity_lines": [ 54.03791, 57.230907, 59.500514, 57.623556 ] }, { "date": "2025-11-21", "close": 43.186296, "volume": 45871, "typical_volume": 26322.85, "trend": 54.172529, "fair_value": 42.694419, "relative_strength": -19.8093, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -47.772957, "energy": 66.993303, "activity_lines": [ 49.925355, 54.237541, 57.968886, 56.929266 ] }, { "date": "2025-11-28", "close": 47.075035, "volume": 19160, "typical_volume": 26855.85, "trend": 54.505781, "fair_value": 42.733186, "relative_strength": -15.310009, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.87931, "energy": 67.193979, "activity_lines": [ 48.046286, 52.37536, 56.823776, 56.471363 ] }, { "date": "2025-12-05", "close": 46.76219, "volume": 36237, "typical_volume": 26877.0, "trend": 54.628583, "fair_value": 42.768528, "relative_strength": -15.613628, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.412035, "energy": 68.969252, "activity_lines": [ 46.864901, 50.769752, 55.674302, 55.971776 ] }, { "date": "2025-12-12", "close": 47.429535, "volume": 26743, "typical_volume": 27554.4, "trend": 54.681895, "fair_value": 42.809058, "relative_strength": -13.416753, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.335441, "energy": 64.157322, "activity_lines": [ 46.700636, 49.520032, 54.639186, 55.507322 ] }, { "date": "2025-12-19", "close": 46.086624, "volume": 30091, "typical_volume": 28496.95, "trend": 54.672251, "fair_value": 42.837313, "relative_strength": -15.579042, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.091223, "energy": 43.241205, "activity_lines": [ 46.51828, 48.382568, 53.526804, 54.952788 ] }, { "date": "2025-12-26", "close": 45.441423, "volume": 26026, "typical_volume": 29114.2, "trend": 54.664575, "fair_value": 42.859571, "relative_strength": -17.574134, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.417592, "energy": 51.311, "activity_lines": [ 46.296109, 47.405382, 52.399788, 54.357251 ] }, { "date": "2026-01-02", "close": 47.466075, "volume": 54094, "typical_volume": 30206.75, "trend": 54.754075, "fair_value": 42.898609, "relative_strength": -12.575884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.251421, "energy": 46.587032, "activity_lines": [ 46.59848, 47.010922, 51.542371, 53.892831 ] }, { "date": "2026-01-09", "close": 47.11929, "volume": 27800, "typical_volume": 31172.25, "trend": 54.815964, "fair_value": 42.934077, "relative_strength": -14.219835, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.371814, "energy": 44.858299, "activity_lines": [ 46.759187, 46.765019, 50.732747, 53.400265 ] }, { "date": "2026-01-16", "close": 50.12406, "volume": 36261, "typical_volume": 32326.75, "trend": 55.023039, "fair_value": 42.993993, "relative_strength": -8.035793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.644039, "energy": 34.067566, "activity_lines": [ 47.897677, 47.275674, 50.309645, 53.097561 ] }, { "date": "2026-01-23", "close": 45.76003, "volume": 43163, "typical_volume": 33712.05, "trend": 55.060612, "fair_value": 43.016853, "relative_strength": -15.33057, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.107572, "energy": 33.93224, "activity_lines": [ 47.401856, 47.061026, 49.526485, 52.499948 ] }, { "date": "2026-01-30", "close": 42.228563, "volume": 82352, "typical_volume": 35494.75, "trend": 54.915555, "fair_value": 43.010392, "relative_strength": -21.701609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.562934, "energy": 46.937097, "activity_lines": [ 45.750651, 46.258027, 48.486593, 51.672073 ] }, { "date": "2026-02-06", "close": 33.812326, "volume": 93895, "typical_volume": 39511.55, "trend": 54.295452, "fair_value": 42.935611, "relative_strength": -36.797113, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.746822, "energy": 77.730985, "activity_lines": [ 41.508225, 43.942217, 46.760799, 50.310575 ] }, { "date": "2026-02-13", "close": 33.38905, "volume": 27284, "typical_volume": 39964.75, "trend": 53.494065, "fair_value": 42.858622, "relative_strength": -36.36395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.520141, "energy": 92.448028, "activity_lines": [ 38.034958, 41.790587, 45.139945, 48.961775 ] }, { "date": "2026-02-20", "close": 32.574865, "volume": 13627, "typical_volume": 39042.1, "trend": 52.644504, "fair_value": 42.776352, "relative_strength": -38.198059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.688123, "energy": 92.84917, "activity_lines": [ 35.205644, 39.734072, 43.566661, 47.612149 ] }, { "date": "2026-02-27", "close": 31.644752, "volume": 21056, "typical_volume": 37952.1, "trend": 51.835405, "fair_value": 42.688006, "relative_strength": -39.379114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.411368, "energy": 91.959623, "activity_lines": [ 33.236239, 37.778531, 42.06888, 46.257326 ] }, { "date": "2026-03-06", "close": 32.642082, "volume": 19811, "typical_volume": 36333.5, "trend": 50.871342, "fair_value": 42.608904, "relative_strength": -35.904768, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.143875, "energy": 87.872793, "activity_lines": [ 32.540296, 36.266902, 40.807555, 45.019047 ] }, { "date": "2026-03-13", "close": 34.337515, "volume": 11562, "typical_volume": 36499.2, "trend": 49.867974, "fair_value": 42.544284, "relative_strength": -31.341115, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.264979, "energy": 80.47661, "activity_lines": [ 33.048596, 35.296248, 39.824856, 43.952349 ] }, { "date": "2026-03-20", "close": 34.360553, "volume": 16879, "typical_volume": 36598.0, "trend": 48.740216, "fair_value": 42.480844, "relative_strength": -29.841662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.801987, "energy": 63.392228, "activity_lines": [ 33.529563, 34.568484, 38.962289, 42.95187 ] }, { "date": "2026-03-27", "close": 32.073613, "volume": 23171, "typical_volume": 36111.85, "trend": 47.749584, "fair_value": 42.400789, "relative_strength": -32.802869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.944368, "energy": 61.462201, "activity_lines": [ 33.183449, 33.65689, 37.997736, 41.876605 ] }, { "date": "2026-04-03", "close": 32.988898, "volume": 12257, "typical_volume": 33367.0, "trend": 46.766696, "fair_value": 42.328942, "relative_strength": -32.867086, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.226023, "energy": 54.917209, "activity_lines": [ 33.175848, 33.239902, 37.224158, 40.924303 ] }, { "date": "2026-04-10", "close": 36.029797, "volume": 16401, "typical_volume": 31893.5, "trend": 45.750553, "fair_value": 42.281221, "relative_strength": -29.09297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.449393, "energy": 44.230245, "activity_lines": [ 34.092269, 33.608006, 36.815078, 40.2316 ] }, { "date": "2026-04-17", "close": 38.460079, "volume": 23463, "typical_volume": 32108.65, "trend": 44.888722, "fair_value": 42.252491, "relative_strength": -27.432633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.666012, "energy": 33.517938, "activity_lines": [ 35.592937, 34.530685, 36.671532, 39.761247 ] }, { "date": "2026-04-24", "close": 37.523643, "volume": 14948, "typical_volume": 31044.2, "trend": 44.150756, "fair_value": 42.217201, "relative_strength": -29.314335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.493714, "energy": 24.458895, "activity_lines": [ 36.506622, 35.198599, 36.479825, 39.28608 ] }, { "date": "2026-05-01", "close": 37.544209, "volume": 15043, "typical_volume": 30459.2, "trend": 43.167808, "fair_value": 42.182586, "relative_strength": -29.678162, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.380323, "energy": 26.5407, "activity_lines": [ 37.21629, 35.795077, 36.33407, 38.859851 ] }, { "date": "2026-05-08", "close": 37.978553, "volume": 18925, "typical_volume": 29900.9, "trend": 42.388628, "fair_value": 42.151674, "relative_strength": -30.034047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.47966, "energy": 24.123536, "activity_lines": [ 37.706032, 36.380175, 36.276753, 38.525061 ] }, { "date": "2026-05-15", "close": 36.929862, "volume": 12325, "typical_volume": 29215.85, "trend": 41.711461, "fair_value": 42.113559, "relative_strength": -31.607287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.849514, "energy": 18.090899, "activity_lines": [ 37.513568, 36.659441, 36.158172, 38.172882 ] }, { "date": "2026-05-22", "close": 34.811428, "volume": 6787, "typical_volume": 26850.5, "trend": 40.901691, "fair_value": 42.060645, "relative_strength": -35.507387, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.08386, "energy": 19.922348, "activity_lines": [ 36.554954, 36.475579, 35.878366, 37.727719 ] }, { "date": "2026-05-29", "close": 33.862618, "volume": 10180, "typical_volume": 25969.5, "trend": 40.07437, "fair_value": 42.001666, "relative_strength": -37.606971, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.647005, "energy": 35.495752, "activity_lines": [ 35.523314, 36.110589, 35.568457, 37.273585 ] }, { "date": "2026-06-05", "close": 27.112915, "volume": 20520, "typical_volume": 25182.45, "trend": 39.182376, "fair_value": 41.895318, "relative_strength": -48.222306, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.076119, "energy": 81.644223, "activity_lines": [ 32.485841, 34.527433, 34.678847, 36.437362 ] }, { "date": "2026-06-12", "close": 28.626674, "volume": 34626, "typical_volume": 24755.6, "trend": 38.512752, "fair_value": 41.801214, "relative_strength": -45.074291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.519138, "energy": 88.64518, "activity_lines": [ 30.648373, 33.309701, 34.042981, 35.756349 ] }, { "date": "2026-06-19", "close": 28.812972, "volume": 17112, "typical_volume": 21493.6, "trend": 38.033641, "fair_value": 41.709748, "relative_strength": -44.680371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.597267, "energy": 88.778897, "activity_lines": [ 29.496464, 32.205155, 33.506445, 35.130557 ] }, { "date": "2026-06-26", "close": 26.971568, "volume": 6040, "typical_volume": 17100.85, "trend": 37.363525, "fair_value": 41.606684, "relative_strength": -46.417326, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.669434, "energy": 92.469057, "activity_lines": [ 28.27188, 30.897023, 32.858421, 34.416875 ] }, { "date": "2026-07-03", "close": 28.416325, "volume": 7239, "typical_volume": 16098.6, "trend": 36.751997, "fair_value": 41.515084, "relative_strength": -44.166173, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.252604, "energy": 84.884918, "activity_lines": [ 28.051538, 30.060455, 32.380568, 33.839636 ] }, { "date": "2026-07-10", "close": 29.74916, "volume": 15562, "typical_volume": 16195.35, "trend": 36.162651, "fair_value": 41.43394, "relative_strength": -41.585586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.780088, "energy": 60.582566, "activity_lines": [ 28.638561, 29.63181, 32.053331, 33.38784 ] }, { "date": "2026-07-17", "close": 30.174951, "volume": 7056, "typical_volume": 15495.35, "trend": 35.632262, "fair_value": 41.356823, "relative_strength": -38.91583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.5523, "energy": 53.364653, "activity_lines": [ 29.191765, 29.422308, 31.780101, 33.001537 ] }, { "date": "2026-07-24", "close": 30.323244, "volume": 10514, "typical_volume": 15030.5, "trend": 35.128322, "fair_value": 41.281765, "relative_strength": -37.326648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.793343, "energy": 38.505183, "activity_lines": [ 29.691181, 29.381653, 31.527994, 32.65902 ] }, { "date": "2026-07-31", "close": 30.007073, "volume": 24375, "typical_volume": 15671.15, "trend": 34.546356, "fair_value": 41.205584, "relative_strength": -37.724062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.963436, "energy": 30.159948, "activity_lines": [ 29.984523, 29.403633, 31.256817, 32.328616 ] }, { "date": "2026-08-07", "close": 30.9327, "volume": 5876, "typical_volume": 15121.0, "trend": 34.006803, "fair_value": 41.136639, "relative_strength": -36.895381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.572735, "energy": 23.865485, "activity_lines": [ 30.384039, 29.68126, 31.094417, 32.095477 ] } ], "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." } } }