{ "ticker": { "uuid": "89591f3f-2395-46ed-95b1-cdf7183cd3c2", "symbol": "ROBG", "name": "L&G ROBO Global Robotics and Automation UCITS ETF", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 17.733, "architecture_energy": 21.668, "architecture_maturity": 63.478, "architecture_confidence": 88.8, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 49.78, "rotation_up": 24.06, "upward_expansion": 45.59, "deceleration": 81.93, "rotation_down": 42.67, "downward_expansion": 34.92 }, "activity_lines": [ 2428.7, 2463.790909, 2487.502381, 2438.47043 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 2536.0, "trend_reference": 2373.358333, "distance_from_trend": 0.068528, "trend_direction": "Improving", "fair_value": 1896.674679, "distance_from_fair_value": 0.337077, "fair_value_direction": "Weakening", "relative_strength": 5.418795, "relative_strength_direction": "Weakening", "price_momentum": 0.157991, "excess_performance": 0.106756, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.068528, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.060968, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.337077, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.047557, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.054188, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.126527, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.157991, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.983523, "read": "Supply-led" } ], "volume": { "latest": 189143, "relative_activity": 2.120481, "balance": 0.983523, "dry_up": 1.391052, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.05218, "annualized_volatility": 0.273702, "from_high_reference": -0.063861, "from_low_reference": 0.390732 }, "levels": { "trend_reference": 2373.358333, "fair_value_reference": 1896.674679, "structural_low": 2017.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": 0.051839, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.082764, "regime_survival": 0.428571, "best_return": 0.165207, "worst_return": -0.174026, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.024252, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.009459, "regime_survival": 0.0, "best_return": 0.221898, "worst_return": -0.021645, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.062589, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.059496, "regime_survival": 0.0, "best_return": 0.092352, "worst_return": -0.137638, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.055067, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.013018, "regime_survival": 0.0, "best_return": 0.294805, "worst_return": -0.23219, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-21", "end": "2024-07-26", "tenure": "Developing", "return": -0.010629, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2024-10-04", "tenure": "Developing", "return": 0.072114, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-11", "end": "2024-11-01", "tenure": "New", "return": -0.009713, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-11-08", "end": "2024-12-06", "tenure": "Developing", "return": 0.021004, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-13", "end": "2025-02-28", "tenure": "Developing", "return": -0.018937, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.011833, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": -0.119417, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-13", "tenure": "Developing", "return": 0.168021, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": 0.059199, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": 0.046853, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-03-20", "tenure": "Extended", "return": 0.104724, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.165207, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-10", "tenure": "Developing", "return": 0.034768, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.089113, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1643.75, "volume": 34168, "typical_volume": 49160.0, "trend": 1755.166667, "fair_value": 1745.394231, "relative_strength": 1.520299, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -38.60063, "energy": 34.715343, "activity_lines": [ 1727.516667, 1763.395455, 1771.691667, 1763.125806 ] }, { "date": "2023-08-25", "close": 1668.25, "volume": 24143, "typical_volume": 47791.35, "trend": 1754.125, "fair_value": 1746.934295, "relative_strength": 1.921098, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.259078, "energy": 50.38731, "activity_lines": [ 1697.066667, 1742.15, 1762.878571, 1757.51828 ] }, { "date": "2023-09-01", "close": 1731.0, "volume": 40068, "typical_volume": 47662.95, "trend": 1751.116667, "fair_value": 1749.065705, "relative_strength": 3.871145, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.306305, "energy": 51.062234, "activity_lines": [ 1698.033333, 1735.427273, 1760.138095, 1756.026344 ] }, { "date": "2023-09-08", "close": 1685.25, "volume": 44376, "typical_volume": 47892.35, "trend": 1749.041667, "fair_value": 1750.4375, "relative_strength": 0.913853, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.379529, "energy": 55.289807, "activity_lines": [ 1690.883333, 1721.390909, 1753.036905, 1751.776882 ] }, { "date": "2023-09-15", "close": 1668.75, "volume": 50119, "typical_volume": 48313.6, "trend": 1746.233333, "fair_value": 1751.666667, "relative_strength": -3.112195, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.951467, "energy": 49.943135, "activity_lines": [ 1683.866667, 1707.172727, 1744.542857, 1746.596774 ] }, { "date": "2023-09-22", "close": 1632.25, "volume": 80897, "typical_volume": 50734.8, "trend": 1742.783333, "fair_value": 1752.849359, "relative_strength": -4.847191, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.917217, "energy": 55.482156, "activity_lines": [ 1668.15, 1688.409091, 1732.686905, 1739.243011 ] }, { "date": "2023-09-29", "close": 1651.25, "volume": 70449, "typical_volume": 53022.2, "trend": 1738.275, "fair_value": 1753.953526, "relative_strength": -2.76014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.415765, "energy": 61.80471, "activity_lines": [ 1659.533333, 1676.209091, 1722.897619, 1733.337634 ] }, { "date": "2023-10-06", "close": 1617.0, "volume": 45621, "typical_volume": 52178.75, "trend": 1734.041667, "fair_value": 1754.459936, "relative_strength": -3.302067, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.187032, "energy": 73.931771, "activity_lines": [ 1640.633333, 1660.954545, 1710.038095, 1725.513441 ] }, { "date": "2023-10-13", "close": 1621.25, "volume": 67491, "typical_volume": 51533.6, "trend": 1731.791667, "fair_value": 1754.852564, "relative_strength": -4.384405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.022787, "energy": 73.61124, "activity_lines": [ 1630.75, 1650.490909, 1698.245238, 1718.236559 ] }, { "date": "2023-10-20", "close": 1555.75, "volume": 166662, "typical_volume": 58105.85, "trend": 1726.933333, "fair_value": 1754.972756, "relative_strength": -5.76997, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.414126, "energy": 83.149956, "activity_lines": [ 1603.3, 1630.818182, 1680.972619, 1706.879032 ] }, { "date": "2023-10-27", "close": 1504.0, "volume": 24657, "typical_volume": 57021.5, "trend": 1718.35, "fair_value": 1755.121795, "relative_strength": -7.445371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.414288, "energy": 92.38923, "activity_lines": [ 1566.133333, 1604.736364, 1659.975, 1692.496237 ] }, { "date": "2023-11-03", "close": 1569.75, "volume": 92964, "typical_volume": 59133.25, "trend": 1714.391667, "fair_value": 1755.169872, "relative_strength": -5.058931, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.722613, "energy": 82.526096, "activity_lines": [ 1559.433333, 1593.15, 1646.685714, 1682.90914 ] }, { "date": "2023-11-10", "close": 1577.25, "volume": 40898, "typical_volume": 59780.05, "trend": 1709.291667, "fair_value": 1755.120192, "relative_strength": -3.767291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.130983, "energy": 77.846346, "activity_lines": [ 1560.666667, 1584.718182, 1635.395238, 1674.06129 ] }, { "date": "2023-11-17", "close": 1633.75, "volume": 91003, "typical_volume": 58458.75, "trend": 1706.325, "fair_value": 1755.225962, "relative_strength": -2.230413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.831343, "energy": 52.118683, "activity_lines": [ 1583.383333, 1589.354545, 1630.480952, 1669.187634 ] }, { "date": "2023-11-24", "close": 1645.5, "volume": 38797, "typical_volume": 58772.35, "trend": 1704.75, "fair_value": 1755.059295, "relative_strength": -1.359535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.359925, "energy": 29.724817, "activity_lines": [ 1609.183333, 1597.063636, 1627.669048, 1665.263441 ] }, { "date": "2023-12-01", "close": 1660.25, "volume": 62872, "typical_volume": 60292.25, "trend": 1703.883333, "fair_value": 1754.790064, "relative_strength": -1.088184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.532156, "energy": 28.17522, "activity_lines": [ 1633.916667, 1607.877273, 1626.920238, 1662.392473 ] }, { "date": "2023-12-08", "close": 1682.5, "volume": 92446, "typical_volume": 62807.95, "trend": 1703.583333, "fair_value": 1754.496795, "relative_strength": -0.196581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.796777, "energy": 25.324747, "activity_lines": [ 1655.65, 1622.227273, 1628.971429, 1661.012903 ] }, { "date": "2023-12-15", "close": 1774.5, "volume": 79328, "typical_volume": 63932.0, "trend": 1704.2, "fair_value": 1754.546474, "relative_strength": 4.743137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 25.005051, "energy": 37.833203, "activity_lines": [ 1700.533333, 1652.736364, 1640.466667, 1665.588172 ] }, { "date": "2023-12-22", "close": 1787.0, "volume": 63292, "typical_volume": 62971.5, "trend": 1704.416667, "fair_value": 1754.652244, "relative_strength": 3.58561, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.059495, "energy": 60.661135, "activity_lines": [ 1736.433333, 1682.654545, 1653.454762, 1670.930108 ] }, { "date": "2023-12-29", "close": 1816.75, "volume": 12077, "typical_volume": 61116.4, "trend": 1704.691667, "fair_value": 1754.953526, "relative_strength": 4.564324, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.358611, "energy": 75.963285, "activity_lines": [ 1772.033333, 1714.968182, 1669.194048, 1678.177419 ] }, { "date": "2024-01-05", "close": 1714.5, "volume": 85032, "typical_volume": 63659.6, "trend": 1701.583333, "fair_value": 1753.636218, "relative_strength": -0.911824, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.662536, "energy": 64.128151, "activity_lines": [ 1762.133333, 1723.945455, 1674.738095, 1678.810215 ] }, { "date": "2024-01-12", "close": 1755.5, "volume": 64486, "typical_volume": 65676.75, "trend": 1698.783333, "fair_value": 1752.657051, "relative_strength": 2.146181, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.34735, "energy": 54.76366, "activity_lines": [ 1762.283333, 1736.55, 1683.85, 1682.28871 ] }, { "date": "2024-01-19", "close": 1725.0, "volume": 58238, "typical_volume": 66585.25, "trend": 1696.741667, "fair_value": 1751.235577, "relative_strength": 2.391623, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.799985, "energy": 35.024761, "activity_lines": [ 1747.4, 1740.231818, 1689.641667, 1683.980108 ] }, { "date": "2024-01-26", "close": 1777.0, "volume": 31423, "typical_volume": 65937.6, "trend": 1694.633333, "fair_value": 1750.516026, "relative_strength": 2.963739, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.620451, "energy": 31.161167, "activity_lines": [ 1753.15, 1750.681818, 1700.414286, 1689.158065 ] }, { "date": "2024-02-02", "close": 1753.5, "volume": 359649, "typical_volume": 81414.1, "trend": 1693.625, "fair_value": 1749.115385, "relative_strength": 1.865591, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 18.820399, "energy": 25.498696, "activity_lines": [ 1751.733333, 1754.254545, 1708.511905, 1692.955914 ] }, { "date": "2024-02-09", "close": 1774.5, "volume": 69391, "typical_volume": 80838.8, "trend": 1692.666667, "fair_value": 1747.402244, "relative_strength": 3.558185, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 60.686466, "energy": 40.905713, "activity_lines": [ 1761.533333, 1759.681818, 1718.205952, 1698.173656 ] }, { "date": "2024-02-16", "close": 1792.0, "volume": 111865, "typical_volume": 82909.6, "trend": 1691.541667, "fair_value": 1746.155449, "relative_strength": 2.576561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.946062, "energy": 55.019476, "activity_lines": [ 1773.166667, 1766.213636, 1728.889286, 1704.582258 ] }, { "date": "2024-02-23", "close": 1785.75, "volume": 45974, "typical_volume": 82927.25, "trend": 1689.8, "fair_value": 1745.695513, "relative_strength": 2.191394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.810179, "energy": 52.490657, "activity_lines": [ 1780.283333, 1769.618182, 1738.307143, 1710.660215 ] }, { "date": "2024-03-01", "close": 1837.75, "volume": 62285, "typical_volume": 82666.95, "trend": 1692.066667, "fair_value": 1746.376603, "relative_strength": 5.364152, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.424168, "energy": 68.491672, "activity_lines": [ 1800.683333, 1782.272727, 1751.87381, 1720.205376 ] }, { "date": "2024-03-08", "close": 1842.0, "volume": 68321, "typical_volume": 77749.9, "trend": 1696.108333, "fair_value": 1746.440705, "relative_strength": 5.784174, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.969874, "energy": 73.944914, "activity_lines": [ 1818.45, 1794.777273, 1764.814286, 1729.878495 ] }, { "date": "2024-03-15", "close": 1802.75, "volume": 134013, "typical_volume": 83217.7, "trend": 1701.408333, "fair_value": 1746.214744, "relative_strength": 2.596381, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.651976, "energy": 65.960592, "activity_lines": [ 1817.233333, 1799.686364, 1772.653571, 1736.758602 ] }, { "date": "2024-03-22", "close": 1854.5, "volume": 100835, "typical_volume": 83611.25, "trend": 1707.616667, "fair_value": 1746.463141, "relative_strength": 2.798035, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.37541, "energy": 71.247922, "activity_lines": [ 1831.383333, 1812.4, 1783.99881, 1746.635484 ] }, { "date": "2024-03-29", "close": 1858.5, "volume": 65980, "typical_volume": 84865.35, "trend": 1711.866667, "fair_value": 1746.458333, "relative_strength": 2.713612, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.320601, "energy": 66.974951, "activity_lines": [ 1842.7, 1824.040909, 1794.369048, 1756.369892 ] }, { "date": "2024-04-05", "close": 1798.5, "volume": 39027, "typical_volume": 82266.55, "trend": 1715.641667, "fair_value": 1745.828526, "relative_strength": -0.160126, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.001523, "energy": 47.593177, "activity_lines": [ 1829.166667, 1822.345455, 1797.685714, 1761.95914 ] }, { "date": "2024-04-12", "close": 1788.0, "volume": 92056, "typical_volume": 84929.5, "trend": 1719.616667, "fair_value": 1745.182692, "relative_strength": -1.82244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.714345, "energy": 37.475247, "activity_lines": [ 1814.75, 1818.35, 1799.217857, 1766.627419 ] }, { "date": "2024-04-19", "close": 1725.0, "volume": 75609, "typical_volume": 85566.35, "trend": 1722.708333, "fair_value": 1744.116987, "relative_strength": -4.092095, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.465389, "energy": 15.150028, "activity_lines": [ 1782.933333, 1802.272727, 1794.071429, 1766.974731 ] }, { "date": "2024-04-26", "close": 1756.25, "volume": 62830, "typical_volume": 84085.55, "trend": 1726.208333, "fair_value": 1743.410256, "relative_strength": -5.28597, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.984265, "energy": 23.684757, "activity_lines": [ 1766.716667, 1792.777273, 1791.592857, 1769.13871 ] }, { "date": "2024-05-03", "close": 1779.5, "volume": 86937, "typical_volume": 84466.0, "trend": 1731.625, "fair_value": 1743.144231, "relative_strength": -4.89218, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.286148, "energy": 21.030444, "activity_lines": [ 1764.8, 1788.159091, 1790.977381, 1772.576882 ] }, { "date": "2024-05-10", "close": 1819.25, "volume": 57788, "typical_volume": 84190.8, "trend": 1738.225, "fair_value": 1743.661859, "relative_strength": -5.288155, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.53829, "energy": 19.549982, "activity_lines": [ 1781.4, 1790.881818, 1794.12381, 1778.230108 ] }, { "date": "2024-05-17", "close": 1798.0, "volume": 73589, "typical_volume": 87266.4, "trend": 1746.3, "fair_value": 1743.948718, "relative_strength": -6.142558, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.803806, "energy": 11.451777, "activity_lines": [ 1789.533333, 1790.077273, 1795.092857, 1782.086559 ] }, { "date": "2024-05-24", "close": 1784.5, "volume": 114968, "typical_volume": 88763.2, "trend": 1755.65, "fair_value": 1743.875, "relative_strength": -5.54622, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.690461, "energy": 18.013077, "activity_lines": [ 1792.5, 1787.618182, 1794.865476, 1784.551075 ] }, { "date": "2024-05-31", "close": 1740.5, "volume": 73172, "typical_volume": 89197.5, "trend": 1761.341667, "fair_value": 1743.487179, "relative_strength": -7.189989, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -2.439412, "energy": 5.117244, "activity_lines": [ 1776.833333, 1777.490909, 1790.114286, 1783.573656 ] }, { "date": "2024-06-07", "close": 1749.5, "volume": 88413, "typical_volume": 90706.25, "trend": 1767.083333, "fair_value": 1743.142628, "relative_strength": -6.156703, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.15254, "energy": 21.729866, "activity_lines": [ 1765.216667, 1771.072727, 1786.291667, 1782.809677 ] }, { "date": "2024-06-14", "close": 1732.0, "volume": 114153, "typical_volume": 94842.75, "trend": 1770.358333, "fair_value": 1742.607372, "relative_strength": -5.746941, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.686641, "energy": 40.720636, "activity_lines": [ 1749.766667, 1763.454545, 1780.685714, 1780.546237 ] }, { "date": "2024-06-21", "close": 1740.5, "volume": 74064, "typical_volume": 80563.5, "trend": 1773.525, "fair_value": 1741.751603, "relative_strength": -6.10345, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.37641, "energy": 51.332079, "activity_lines": [ 1742.966667, 1758.590909, 1776.103571, 1778.619892 ] }, { "date": "2024-06-28", "close": 1749.5, "volume": 205139, "typical_volume": 87350.9, "trend": 1776.5, "fair_value": 1740.932692, "relative_strength": -4.521863, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.327802, "energy": 45.388393, "activity_lines": [ 1743.0, 1756.227273, 1772.440476, 1777.069892 ] }, { "date": "2024-07-05", "close": 1743.25, "volume": 86713, "typical_volume": 86093.3, "trend": 1778.525, "fair_value": 1740.067308, "relative_strength": -5.053512, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.887732, "energy": 49.547055, "activity_lines": [ 1743.283333, 1752.281818, 1768.30119, 1774.924731 ] }, { "date": "2024-07-12", "close": 1786.5, "volume": 65756, "typical_volume": 87082.4, "trend": 1778.925, "fair_value": 1739.677885, "relative_strength": -3.058365, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -32.088094, "energy": 17.942692, "activity_lines": [ 1757.8, 1756.436364, 1768.513095, 1775.439247 ] }, { "date": "2024-07-19", "close": 1728.5, "volume": 152495, "typical_volume": 91592.9, "trend": 1776.975, "fair_value": 1738.668269, "relative_strength": -4.872368, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -51.385882, "energy": 26.341643, "activity_lines": [ 1750.516667, 1749.918182, 1763.197619, 1772.186022 ] }, { "date": "2024-07-26", "close": 1722.0, "volume": 97951, "typical_volume": 93074.4, "trend": 1773.816667, "fair_value": 1737.658654, "relative_strength": -6.466319, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.828789, "energy": 33.049305, "activity_lines": [ 1741.3, 1743.868182, 1757.783333, 1768.639247 ] }, { "date": "2024-08-02", "close": 1615.5, "volume": 104225, "typical_volume": 91585.0, "trend": 1770.516667, "fair_value": 1735.793269, "relative_strength": -10.778987, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.709759, "energy": 71.032231, "activity_lines": [ 1697.816667, 1719.836364, 1742.797619, 1758.425269 ] }, { "date": "2024-08-09", "close": 1632.75, "volume": 125295, "typical_volume": 92808.0, "trend": 1766.425, "fair_value": 1734.041667, "relative_strength": -9.527199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.169803, "energy": 79.151081, "activity_lines": [ 1669.016667, 1702.013636, 1730.346429, 1749.537097 ] }, { "date": "2024-08-16", "close": 1676.25, "volume": 48731, "typical_volume": 91945.55, "trend": 1764.8, "fair_value": 1732.722756, "relative_strength": -8.521927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.328542, "energy": 72.700727, "activity_lines": [ 1662.083333, 1694.059091, 1723.094048, 1743.719355 ] }, { "date": "2024-08-23", "close": 1686.0, "volume": 57897, "typical_volume": 92889.05, "trend": 1761.766667, "fair_value": 1731.133013, "relative_strength": -7.971382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.233909, "energy": 70.52701, "activity_lines": [ 1665.75, 1689.209091, 1717.638095, 1738.635484 ] }, { "date": "2024-08-30", "close": 1683.25, "volume": 70812, "typical_volume": 91826.85, "trend": 1759.425, "fair_value": 1729.173077, "relative_strength": -8.408937, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.692774, "energy": 44.155432, "activity_lines": [ 1671.333333, 1684.695455, 1712.455952, 1733.569892 ] }, { "date": "2024-09-06", "close": 1576.0, "volume": 62877, "typical_volume": 91190.25, "trend": 1752.808333, "fair_value": 1726.480769, "relative_strength": -11.947221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.788949, "energy": 53.061643, "activity_lines": [ 1643.75, 1661.722727, 1697.558333, 1721.736022 ] }, { "date": "2024-09-13", "close": 1646.75, "volume": 53128, "typical_volume": 90705.15, "trend": 1747.966667, "fair_value": 1724.296474, "relative_strength": -8.874034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.093527, "energy": 42.679894, "activity_lines": [ 1642.383333, 1654.768182, 1690.108333, 1714.893548 ] }, { "date": "2024-09-20", "close": 1657.5, "volume": 57521, "typical_volume": 89234.35, "trend": 1743.691667, "fair_value": 1722.203526, "relative_strength": -7.70923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.073788, "energy": 40.757845, "activity_lines": [ 1643.666667, 1651.522727, 1684.203571, 1709.056989 ] }, { "date": "2024-09-27", "close": 1724.5, "volume": 217356, "typical_volume": 97212.75, "trend": 1739.916667, "fair_value": 1721.225962, "relative_strength": -4.944464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.522145, "energy": 25.575932, "activity_lines": [ 1668.533333, 1662.804545, 1685.260714, 1707.818817 ] }, { "date": "2024-10-04", "close": 1732.0, "volume": 89655, "typical_volume": 98016.05, "trend": 1736.25, "fair_value": 1720.366987, "relative_strength": -4.011774, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.601456, "energy": 14.715665, "activity_lines": [ 1693.333333, 1675.522727, 1687.483333, 1707.308065 ] }, { "date": "2024-10-11", "close": 1750.25, "volume": 97988, "typical_volume": 97167.05, "trend": 1734.5, "fair_value": 1719.349359, "relative_strength": -2.673252, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.297883, "energy": 17.675627, "activity_lines": [ 1720.966667, 1691.377273, 1691.758333, 1708.21129 ] }, { "date": "2024-10-18", "close": 1736.0, "volume": 87973, "typical_volume": 97907.1, "trend": 1730.55, "fair_value": 1718.064103, "relative_strength": -4.652869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.006281, "energy": 26.154728, "activity_lines": [ 1732.233333, 1702.190909, 1694.839286, 1708.308065 ] }, { "date": "2024-10-25", "close": 1711.25, "volume": 56097, "typical_volume": 96291.3, "trend": 1725.641667, "fair_value": 1716.283654, "relative_strength": -4.774499, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.846079, "energy": 22.615212, "activity_lines": [ 1729.3, 1706.627273, 1695.584524, 1707.062903 ] }, { "date": "2024-11-01", "close": 1733.25, "volume": 98447, "typical_volume": 95506.0, "trend": 1723.466667, "fair_value": 1713.828526, "relative_strength": -2.708668, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.040506, "energy": 26.85751, "activity_lines": [ 1730.116667, 1714.427273, 1698.607143, 1707.553763 ] }, { "date": "2024-11-08", "close": 1797.25, "volume": 122062, "typical_volume": 97905.9, "trend": 1723.775, "fair_value": 1711.855769, "relative_strength": 2.118185, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 39.902374, "energy": 47.541347, "activity_lines": [ 1751.683333, 1733.004545, 1707.719048, 1712.313978 ] }, { "date": "2024-11-15", "close": 1760.25, "volume": 63053, "typical_volume": 90801.6, "trend": 1724.95, "fair_value": 1709.644231, "relative_strength": 0.119838, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.015203, "energy": 37.99397, "activity_lines": [ 1756.566667, 1742.781818, 1713.036905, 1714.667204 ] }, { "date": "2024-11-22", "close": 1835.5, "volume": 60425, "typical_volume": 89487.2, "trend": 1727.591667, "fair_value": 1708.466346, "relative_strength": 1.869998, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.007715, "energy": 63.715024, "activity_lines": [ 1785.866667, 1762.890909, 1725.470238, 1721.799462 ] }, { "date": "2024-11-29", "close": 1818.25, "volume": 70671, "typical_volume": 89732.95, "trend": 1728.883333, "fair_value": 1707.094551, "relative_strength": 0.61553, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.158941, "energy": 63.883817, "activity_lines": [ 1802.783333, 1776.431818, 1735.821429, 1727.648387 ] }, { "date": "2024-12-06", "close": 1835.0, "volume": 55302, "typical_volume": 84873.3, "trend": 1729.408333, "fair_value": 1705.527244, "relative_strength": 1.298715, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.050538, "energy": 78.584652, "activity_lines": [ 1818.15, 1790.095455, 1747.616667, 1734.494624 ] }, { "date": "2024-12-13", "close": 1835.0, "volume": 51960, "typical_volume": 82573.75, "trend": 1730.641667, "fair_value": 1704.075321, "relative_strength": 1.517648, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.363158, "energy": 80.884171, "activity_lines": [ 1826.733333, 1801.75, 1758.904762, 1741.306989 ] }, { "date": "2024-12-20", "close": 1790.5, "volume": 65453, "typical_volume": 80635.15, "trend": 1730.841667, "fair_value": 1702.240385, "relative_strength": 1.794646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.115836, "energy": 62.332029, "activity_lines": [ 1817.966667, 1803.440909, 1765.416667, 1745.168817 ] }, { "date": "2024-12-27", "close": 1820.0, "volume": 10671, "typical_volume": 74903.95, "trend": 1733.491667, "fair_value": 1700.628205, "relative_strength": 2.749452, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.374043, "energy": 50.988185, "activity_lines": [ 1817.016667, 1809.763636, 1773.904762, 1750.920968 ] }, { "date": "2025-01-03", "close": 1845.75, "volume": 30781, "typical_volume": 74006.45, "trend": 1736.7, "fair_value": 1699.842949, "relative_strength": 3.249586, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.987908, "energy": 50.451718, "activity_lines": [ 1825.683333, 1819.240909, 1783.953571, 1758.163441 ] }, { "date": "2025-01-10", "close": 1851.5, "volume": 90746, "typical_volume": 75648.9, "trend": 1740.683333, "fair_value": 1699.427885, "relative_strength": 3.316321, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.440612, "energy": 49.74504, "activity_lines": [ 1834.433333, 1827.318182, 1793.742857, 1765.569892 ] }, { "date": "2025-01-17", "close": 1929.5, "volume": 65175, "typical_volume": 75367.05, "trend": 1746.983333, "fair_value": 1699.86859, "relative_strength": 4.459099, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.18154, "energy": 73.391372, "activity_lines": [ 1868.083333, 1847.427273, 1810.172619, 1777.751613 ] }, { "date": "2025-01-24", "close": 1971.25, "volume": 60245, "typical_volume": 75235.45, "trend": 1754.375, "fair_value": 1701.222756, "relative_strength": 6.762956, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.470934, "energy": 88.532116, "activity_lines": [ 1909.35, 1872.722727, 1829.405952, 1792.22043 ] }, { "date": "2025-01-31", "close": 1943.75, "volume": 56311, "typical_volume": 75394.6, "trend": 1761.058333, "fair_value": 1702.206731, "relative_strength": 3.247272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.578088, "energy": 84.062142, "activity_lines": [ 1929.4, 1889.181818, 1844.138095, 1804.438172 ] }, { "date": "2025-02-07", "close": 1919.75, "volume": 47038, "typical_volume": 74870.45, "trend": 1765.5, "fair_value": 1702.866987, "relative_strength": 1.785268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.595996, "energy": 80.240744, "activity_lines": [ 1933.2, 1899.309091, 1855.170238, 1814.676344 ] }, { "date": "2025-02-14", "close": 1887.75, "volume": 41966, "typical_volume": 66100.95, "trend": 1770.808333, "fair_value": 1703.75641, "relative_strength": -0.134635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.252853, "energy": 55.931278, "activity_lines": [ 1921.4, 1901.772727, 1861.905952, 1822.563441 ] }, { "date": "2025-02-21", "close": 1898.5, "volume": 76035, "typical_volume": 65419.95, "trend": 1776.691667, "fair_value": 1704.594551, "relative_strength": 1.394346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.480362, "energy": 46.045471, "activity_lines": [ 1910.766667, 1905.231818, 1868.888095, 1830.801613 ] }, { "date": "2025-02-28", "close": 1800.25, "volume": 33876, "typical_volume": 62214.35, "trend": 1782.85, "fair_value": 1705.214744, "relative_strength": -5.199338, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.628495, "energy": 17.903543, "activity_lines": [ 1869.45, 1889.672727, 1865.720238, 1832.321505 ] }, { "date": "2025-03-07", "close": 1732.5, "volume": 77699, "typical_volume": 61700.65, "trend": 1786.175, "fair_value": 1705.50641, "relative_strength": -7.063781, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.19695, "energy": 21.836386, "activity_lines": [ 1816.95, 1861.618182, 1855.861905, 1829.073118 ] }, { "date": "2025-03-14", "close": 1717.75, "volume": 57010, "typical_volume": 61746.3, "trend": 1787.558333, "fair_value": 1705.048077, "relative_strength": -7.061446, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.576137, "energy": 41.197695, "activity_lines": [ 1773.616667, 1832.472727, 1844.615476, 1824.658602 ] }, { "date": "2025-03-21", "close": 1712.0, "volume": 65818, "typical_volume": 60114.85, "trend": 1788.425, "fair_value": 1704.782051, "relative_strength": -7.229245, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -36.96204, "energy": 46.972573, "activity_lines": [ 1741.833333, 1804.609091, 1832.790476, 1819.783871 ] }, { "date": "2025-03-28", "close": 1628.75, "volume": 76083, "typical_volume": 57815.9, "trend": 1786.608333, "fair_value": 1703.847756, "relative_strength": -11.500177, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.092864, "energy": 72.985914, "activity_lines": [ 1694.016667, 1764.145455, 1813.138095, 1809.482258 ] }, { "date": "2025-04-04", "close": 1431.0, "volume": 120390, "typical_volume": 60682.75, "trend": 1781.775, "fair_value": 1702.133013, "relative_strength": -16.038256, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -69.526487, "energy": 87.496108, "activity_lines": [ 1598.266667, 1693.195455, 1775.454762, 1786.539785 ] }, { "date": "2025-04-11", "close": 1434.25, "volume": 100242, "typical_volume": 62673.6, "trend": 1774.691667, "fair_value": 1700.774038, "relative_strength": -14.550032, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.446853, "energy": 94.673467, "activity_lines": [ 1528.216667, 1632.659091, 1739.64881, 1764.118817 ] }, { "date": "2025-04-18", "close": 1446.25, "volume": 182721, "typical_volume": 68276.1, "trend": 1767.65, "fair_value": 1699.600962, "relative_strength": -16.74632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.352398, "energy": 91.677437, "activity_lines": [ 1482.05, 1583.568182, 1706.896429, 1742.929032 ] }, { "date": "2025-04-25", "close": 1524.75, "volume": 117565, "typical_volume": 71389.25, "trend": 1760.991667, "fair_value": 1698.910256, "relative_strength": -13.409227, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.030272, "energy": 87.059126, "activity_lines": [ 1480.15, 1557.359091, 1683.391667, 1727.258065 ] }, { "date": "2025-05-02", "close": 1592.25, "volume": 70610, "typical_volume": 72321.75, "trend": 1756.333333, "fair_value": 1698.945513, "relative_strength": -11.224402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.218905, "energy": 62.756179, "activity_lines": [ 1513.233333, 1550.022727, 1667.792857, 1716.371505 ] }, { "date": "2025-05-09", "close": 1623.5, "volume": 78693, "typical_volume": 72983.75, "trend": 1752.108333, "fair_value": 1699.229167, "relative_strength": -8.823955, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.406028, "energy": 44.909713, "activity_lines": [ 1559.166667, 1553.936364, 1656.32619, 1707.801613 ] }, { "date": "2025-05-16", "close": 1705.75, "volume": 97660, "typical_volume": 77333.2, "trend": 1751.1, "fair_value": 1700.330128, "relative_strength": -5.487032, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.739003, "energy": 27.745514, "activity_lines": [ 1619.683333, 1576.018182, 1653.488095, 1704.810753 ] }, { "date": "2025-05-23", "close": 1657.0, "volume": 83924, "typical_volume": 79990.35, "trend": 1749.291667, "fair_value": 1700.716346, "relative_strength": -8.332297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.947296, "energy": 29.860773, "activity_lines": [ 1645.85, 1589.722727, 1646.55119, 1698.739785 ] }, { "date": "2025-05-30", "close": 1672.25, "volume": 41723, "typical_volume": 77539.2, "trend": 1747.258333, "fair_value": 1701.152244, "relative_strength": -7.89408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.899063, "energy": 28.183401, "activity_lines": [ 1663.05, 1607.304545, 1641.965476, 1693.769355 ] }, { "date": "2025-06-06", "close": 1695.0, "volume": 45951, "typical_volume": 76578.0, "trend": 1743.85, "fair_value": 1702.052885, "relative_strength": -7.157028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.615985, "energy": 24.494819, "activity_lines": [ 1678.0, 1629.745455, 1640.4, 1690.397849 ] }, { "date": "2025-06-13", "close": 1689.25, "volume": 87638, "typical_volume": 77947.65, "trend": 1741.483333, "fair_value": 1703.466346, "relative_strength": -7.417426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.552967, "energy": 15.984484, "activity_lines": [ 1684.183333, 1649.936364, 1639.403571, 1686.875269 ] }, { "date": "2025-06-20", "close": 1685.0, "volume": 49956, "typical_volume": 77629.9, "trend": 1736.466667, "fair_value": 1704.560897, "relative_strength": -6.683934, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.489577, "energy": 13.840547, "activity_lines": [ 1684.566667, 1664.659091, 1639.345238, 1683.231183 ] }, { "date": "2025-06-27", "close": 1753.0, "volume": 304425, "typical_volume": 90499.25, "trend": 1734.291667, "fair_value": 1706.275641, "relative_strength": -3.048605, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.357408, "energy": 17.944017, "activity_lines": [ 1709.0, 1687.186364, 1646.995238, 1684.297849 ] }, { "date": "2025-07-04", "close": 1784.75, "volume": 92241, "typical_volume": 93013.0, "trend": 1732.616667, "fair_value": 1707.722756, "relative_strength": -1.467049, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.99333, "energy": 45.258261, "activity_lines": [ 1737.616667, 1709.909091, 1658.463095, 1687.553226 ] }, { "date": "2025-07-11", "close": 1803.5, "volume": 215079, "typical_volume": 99965.2, "trend": 1731.566667, "fair_value": 1709.520833, "relative_strength": -1.612126, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.735501, "energy": 62.332345, "activity_lines": [ 1764.983333, 1731.313636, 1672.207143, 1692.126344 ] }, { "date": "2025-07-18", "close": 1843.0, "volume": 152420, "typical_volume": 105892.4, "trend": 1733.316667, "fair_value": 1710.972756, "relative_strength": 0.038007, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.604218, "energy": 69.107764, "activity_lines": [ 1798.283333, 1756.059091, 1690.165476, 1699.315591 ] }, { "date": "2025-07-25", "close": 1879.5, "volume": 99391, "typical_volume": 106977.0, "trend": 1735.3, "fair_value": 1712.488782, "relative_strength": 0.601702, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.456712, "energy": 76.789884, "activity_lines": [ 1833.5, 1783.45, 1711.396429, 1708.746774 ] }, { "date": "2025-08-01", "close": 1862.5, "volume": 109768, "typical_volume": 109614.9, "trend": 1735.858333, "fair_value": 1713.68109, "relative_strength": 0.187149, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.14451, "energy": 73.722877, "activity_lines": [ 1850.083333, 1804.590909, 1730.308333, 1716.953226 ] }, { "date": "2025-08-08", "close": 1892.5, "volume": 80258, "typical_volume": 110336.9, "trend": 1737.225, "fair_value": 1714.762821, "relative_strength": 1.419837, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.950363, "energy": 75.412305, "activity_lines": [ 1869.366667, 1827.45, 1751.388095, 1727.05914 ] }, { "date": "2025-08-15", "close": 1888.0, "volume": 74823, "typical_volume": 110273.9, "trend": 1735.841667, "fair_value": 1715.942308, "relative_strength": 0.654089, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 70.933251, "energy": 83.084982, "activity_lines": [ 1879.966667, 1845.486364, 1771.179762, 1736.786559 ] }, { "date": "2025-08-22", "close": 1905.0, "volume": 49527, "typical_volume": 106730.75, "trend": 1733.633333, "fair_value": 1717.560897, "relative_strength": -0.445862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.474774, "energy": 76.477188, "activity_lines": [ 1890.6, 1863.104545, 1791.355952, 1747.7 ] }, { "date": "2025-08-29", "close": 1900.75, "volume": 35411, "typical_volume": 103489.2, "trend": 1732.2, "fair_value": 1719.442308, "relative_strength": 0.725846, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.078836, "energy": 71.564443, "activity_lines": [ 1895.683333, 1876.027273, 1808.870238, 1758.48172 ] }, { "date": "2025-09-05", "close": 1892.5, "volume": 96119, "typical_volume": 99159.1, "trend": 1731.291667, "fair_value": 1721.099359, "relative_strength": -0.059622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.648133, "energy": 57.826295, "activity_lines": [ 1896.6, 1883.527273, 1823.377381, 1768.823656 ] }, { "date": "2025-09-12", "close": 1923.25, "volume": 46626, "typical_volume": 95612.15, "trend": 1732.475, "fair_value": 1723.479167, "relative_strength": 0.666134, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.975432, "energy": 57.429599, "activity_lines": [ 1905.766667, 1894.081818, 1838.688095, 1781.208065 ] }, { "date": "2025-09-19", "close": 1957.5, "volume": 77320, "typical_volume": 95947.65, "trend": 1734.441667, "fair_value": 1726.222756, "relative_strength": 3.093342, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.979346, "energy": 59.623159, "activity_lines": [ 1924.3, 1908.345455, 1855.363095, 1795.725806 ] }, { "date": "2025-09-26", "close": 1943.5, "volume": 75743, "typical_volume": 95800.15, "trend": 1739.216667, "fair_value": 1728.982372, "relative_strength": 1.585668, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.95118, "energy": 58.259195, "activity_lines": [ 1933.533333, 1917.263636, 1868.965476, 1809.213441 ] }, { "date": "2025-10-03", "close": 2028.0, "volume": 107055, "typical_volume": 96269.9, "trend": 1749.066667, "fair_value": 1732.136218, "relative_strength": 3.652578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.290946, "energy": 74.774352, "activity_lines": [ 1968.366667, 1939.718182, 1889.091667, 1827.844624 ] }, { "date": "2025-10-10", "close": 2003.0, "volume": 107922, "typical_volume": 97469.8, "trend": 1758.575, "fair_value": 1735.580128, "relative_strength": 3.063708, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.125659, "energy": 69.359109, "activity_lines": [ 1986.383333, 1954.927273, 1905.302381, 1844.227419 ] }, { "date": "2025-10-17", "close": 1999.5, "volume": 67455, "typical_volume": 98756.4, "trend": 1768.158333, "fair_value": 1738.846154, "relative_strength": 3.626929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.727467, "energy": 61.387851, "activity_lines": [ 1995.866667, 1966.945455, 1919.532143, 1859.770968 ] }, { "date": "2025-10-24", "close": 2066.25, "volume": 64255, "typical_volume": 99671.6, "trend": 1782.741667, "fair_value": 1742.349359, "relative_strength": 3.790195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.936662, "energy": 70.362, "activity_lines": [ 2022.516667, 1989.154545, 1938.560714, 1879.002688 ] }, { "date": "2025-10-31", "close": 2121.5, "volume": 104480, "typical_volume": 100513.7, "trend": 1805.758333, "fair_value": 1746.076923, "relative_strength": 5.71651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.03858, "energy": 71.610134, "activity_lines": [ 2060.333333, 2018.168182, 1961.083333, 1900.858065 ] }, { "date": "2025-11-07", "close": 2039.0, "volume": 84548, "typical_volume": 102243.3, "trend": 1825.916667, "fair_value": 1748.541667, "relative_strength": 2.084199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.353622, "energy": 59.321904, "activity_lines": [ 2058.783333, 2028.245455, 1973.690476, 1915.905914 ] }, { "date": "2025-11-14", "close": 2057.5, "volume": 33586, "typical_volume": 88701.35, "trend": 1846.291667, "fair_value": 1751.432692, "relative_strength": 2.901563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.619408, "energy": 53.989189, "activity_lines": [ 2062.666667, 2039.172727, 1986.37381, 1930.846774 ] }, { "date": "2025-11-21", "close": 1950.0, "volume": 59332, "typical_volume": 87055.9, "trend": 1860.466667, "fair_value": 1753.634615, "relative_strength": -0.687989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.533949, "energy": 36.246861, "activity_lines": [ 2027.083333, 2027.554545, 1987.369048, 1937.537634 ] }, { "date": "2025-11-28", "close": 2075.0, "volume": 60960, "typical_volume": 79349.95, "trend": 1876.558333, "fair_value": 1756.642628, "relative_strength": 3.770116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.405388, "energy": 31.48509, "activity_lines": [ 2036.466667, 2038.177273, 1999.482143, 1951.378495 ] }, { "date": "2025-12-05", "close": 2139.5, "volume": 33205, "typical_volume": 73389.2, "trend": 1893.758333, "fair_value": 1760.245192, "relative_strength": 7.583216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.210461, "energy": 41.509276, "activity_lines": [ 2066.766667, 2058.390909, 2016.445238, 1968.342473 ] }, { "date": "2025-12-12", "close": 2119.5, "volume": 43948, "typical_volume": 70617.05, "trend": 1907.55, "fair_value": 1763.934295, "relative_strength": 6.790487, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.041038, "energy": 41.165485, "activity_lines": [ 2089.2, 2071.404545, 2030.091667, 1982.906452 ] }, { "date": "2025-12-19", "close": 2078.0, "volume": 21859, "typical_volume": 66221.6, "trend": 1921.583333, "fair_value": 1767.402244, "relative_strength": 2.181838, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.151191, "energy": 39.783045, "activity_lines": [ 2092.433333, 2075.209091, 2038.642857, 1993.903226 ] }, { "date": "2025-12-26", "close": 2078.0, "volume": 16856, "typical_volume": 63051.5, "trend": 1935.108333, "fair_value": 1770.883013, "relative_strength": 2.581096, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.367766, "energy": 38.367358, "activity_lines": [ 2094.3, 2077.65, 2046.167857, 2003.994624 ] }, { "date": "2026-01-02", "close": 2102.5, "volume": 14271, "typical_volume": 60023.9, "trend": 1948.691667, "fair_value": 1774.232372, "relative_strength": 3.079006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.231079, "energy": 35.113567, "activity_lines": [ 2095.8, 2083.118182, 2055.142857, 2014.794086 ] }, { "date": "2026-01-09", "close": 2205.5, "volume": 90446, "typical_volume": 62069.85, "trend": 1965.9, "fair_value": 1777.786859, "relative_strength": 6.341969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.041244, "energy": 43.720766, "activity_lines": [ 2129.8, 2106.654545, 2072.905952, 2031.362366 ] }, { "date": "2026-01-16", "close": 2243.5, "volume": 80336, "typical_volume": 64316.1, "trend": 1984.516667, "fair_value": 1781.636218, "relative_strength": 7.081335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.487757, "energy": 61.006705, "activity_lines": [ 2172.066667, 2135.572727, 2092.857143, 2049.272043 ] }, { "date": "2026-01-23", "close": 2194.5, "volume": 68844, "typical_volume": 62952.35, "trend": 1999.233333, "fair_value": 1784.809295, "relative_strength": 5.845674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.78249, "energy": 59.44148, "activity_lines": [ 2189.733333, 2151.863636, 2106.509524, 2062.819355 ] }, { "date": "2026-01-30", "close": 2149.0, "volume": 75223, "typical_volume": 64382.2, "trend": 2011.375, "fair_value": 1786.910256, "relative_strength": 2.973558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.102334, "energy": 55.969945, "activity_lines": [ 2184.466667, 2157.390909, 2114.390476, 2072.48172 ] }, { "date": "2026-02-06", "close": 2190.0, "volume": 103807, "typical_volume": 65706.55, "trend": 2024.258333, "fair_value": 1789.746795, "relative_strength": 3.549924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.955243, "energy": 42.335505, "activity_lines": [ 2188.133333, 2166.754545, 2125.10119, 2084.005914 ] }, { "date": "2026-02-13", "close": 2290.75, "volume": 77608, "typical_volume": 65799.8, "trend": 2039.183333, "fair_value": 1793.19391, "relative_strength": 7.487929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.902229, "energy": 48.359223, "activity_lines": [ 2219.55, 2192.345455, 2144.3, 2101.198925 ] }, { "date": "2026-02-20", "close": 2352.5, "volume": 85622, "typical_volume": 64728.15, "trend": 2054.95, "fair_value": 1797.147436, "relative_strength": 7.892237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.04254, "energy": 66.737651, "activity_lines": [ 2265.866667, 2226.413636, 2167.72619, 2121.412903 ] }, { "date": "2026-02-27", "close": 2355.0, "volume": 102725, "typical_volume": 64468.3, "trend": 2071.366667, "fair_value": 1800.791667, "relative_strength": 5.677922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.087791, "energy": 80.817947, "activity_lines": [ 2305.75, 2256.7, 2189.845238, 2140.770968 ] }, { "date": "2026-03-06", "close": 2243.25, "volume": 129538, "typical_volume": 67572.45, "trend": 2083.058333, "fair_value": 1803.991987, "relative_strength": 6.602506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.001496, "energy": 71.276992, "activity_lines": [ 2297.683333, 2261.631818, 2199.645238, 2151.860215 ] }, { "date": "2026-03-13", "close": 2148.5, "volume": 71663, "typical_volume": 67942.85, "trend": 2091.741667, "fair_value": 1806.939103, "relative_strength": 2.234828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.420418, "energy": 40.16178, "activity_lines": [ 2251.75, 2246.331818, 2199.260714, 2156.082258 ] }, { "date": "2026-03-20", "close": 2104.5, "volume": 94200, "typical_volume": 67428.85, "trend": 2098.391667, "fair_value": 1809.522436, "relative_strength": 3.465377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.080442, "energy": 14.529673, "activity_lines": [ 2193.916667, 2222.195455, 2194.294048, 2156.905376 ] }, { "date": "2026-03-27", "close": 2055.0, "volume": 100951, "typical_volume": 68249.0, "trend": 2103.533333, "fair_value": 1811.403846, "relative_strength": 0.363998, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.011108, "energy": 20.161117, "activity_lines": [ 2132.0, 2190.895455, 2184.694048, 2154.105914 ] }, { "date": "2026-04-03", "close": 2119.0, "volume": 54121, "typical_volume": 69275.75, "trend": 2111.083333, "fair_value": 1814.163462, "relative_strength": -1.39442, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.323807, "energy": 23.388863, "activity_lines": [ 2111.25, 2174.659091, 2181.113095, 2155.103763 ] }, { "date": "2026-04-10", "close": 2232.5, "volume": 52825, "typical_volume": 68950.4, "trend": 2121.391667, "fair_value": 1817.383013, "relative_strength": 1.987331, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.150099, "energy": 20.680777, "activity_lines": [ 2144.066667, 2180.431818, 2188.04881, 2162.937097 ] }, { "date": "2026-04-17", "close": 2379.75, "volume": 61986, "typical_volume": 69001.7, "trend": 2135.466667, "fair_value": 1821.594551, "relative_strength": 7.546354, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.576297, "energy": 29.428816, "activity_lines": [ 2226.683333, 2211.459091, 2207.663095, 2179.605376 ] }, { "date": "2026-04-24", "close": 2394.5, "volume": 127038, "typical_volume": 73693.35, "trend": 2150.5, "fair_value": 1826.092949, "relative_strength": 10.71261, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.386921, "energy": 62.128179, "activity_lines": [ 2298.8, 2241.718182, 2227.230952, 2196.317204 ] }, { "date": "2026-05-01", "close": 2416.0, "volume": 58330, "typical_volume": 74412.45, "trend": 2163.433333, "fair_value": 1830.770833, "relative_strength": 11.378224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.595983, "energy": 76.006763, "activity_lines": [ 2358.75, 2274.0, 2247.632143, 2213.446237 ] }, { "date": "2026-05-08", "close": 2542.5, "volume": 141393, "typical_volume": 80389.15, "trend": 2181.416667, "fair_value": 1836.225962, "relative_strength": 18.07149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.581293, "energy": 88.705695, "activity_lines": [ 2436.8, 2328.127273, 2278.669048, 2237.902151 ] }, { "date": "2026-05-15", "close": 2586.0, "volume": 141052, "typical_volume": 86598.95, "trend": 2200.966667, "fair_value": 1841.546474, "relative_strength": 19.908483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.25831, "energy": 92.431067, "activity_lines": [ 2501.116667, 2386.754545, 2311.636905, 2264.004301 ] }, { "date": "2026-05-22", "close": 2636.5, "volume": 100361, "typical_volume": 90903.45, "trend": 2219.975, "fair_value": 1847.033654, "relative_strength": 18.420153, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.771201, "energy": 92.861711, "activity_lines": [ 2558.7, 2448.331818, 2346.995238, 2292.103226 ] }, { "date": "2026-05-29", "close": 2631.5, "volume": 134849, "typical_volume": 93123.6, "trend": 2236.975, "fair_value": 1852.309295, "relative_strength": 18.178517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.056433, "energy": 90.03829, "activity_lines": [ 2597.5, 2500.127273, 2379.334524, 2318.653226 ] }, { "date": "2026-06-05", "close": 2578.0, "volume": 33907, "typical_volume": 90802.15, "trend": 2254.941667, "fair_value": 1857.246795, "relative_strength": 15.644808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.510062, "energy": 83.939173, "activity_lines": [ 2602.666667, 2532.613636, 2404.55, 2340.654839 ] }, { "date": "2026-06-12", "close": 2507.0, "volume": 19059, "typical_volume": 88312.9, "trend": 2269.925, "fair_value": 1861.525641, "relative_strength": 10.86589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.601582, "energy": 60.02062, "activity_lines": [ 2573.366667, 2542.681818, 2421.410714, 2356.916667 ] }, { "date": "2026-06-19", "close": 2629.0, "volume": 21610, "typical_volume": 85632.25, "trend": 2292.558333, "fair_value": 1866.927885, "relative_strength": 16.835633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.859863, "energy": 58.970041, "activity_lines": [ 2587.1, 2567.877273, 2448.402381, 2380.082796 ] }, { "date": "2026-06-26", "close": 2511.0, "volume": 18157, "typical_volume": 81349.75, "trend": 2307.091667, "fair_value": 1871.227564, "relative_strength": 9.668995, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.093763, "energy": 41.541962, "activity_lines": [ 2558.633333, 2564.409091, 2461.870238, 2394.175806 ] }, { "date": "2026-07-03", "close": 2602.5, "volume": 86966, "typical_volume": 81817.65, "trend": 2322.525, "fair_value": 1876.475962, "relative_strength": 11.437862, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.210214, "energy": 41.886232, "activity_lines": [ 2569.033333, 2575.190909, 2482.52381, 2413.234409 ] }, { "date": "2026-07-10", "close": 2500.0, "volume": 135041, "typical_volume": 84288.6, "trend": 2335.208333, "fair_value": 1880.942308, "relative_strength": 8.553869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.771803, "energy": 34.53905, "activity_lines": [ 2547.2, 2563.554545, 2491.930952, 2424.684409 ] }, { "date": "2026-07-17", "close": 2328.5, "volume": 102264, "typical_volume": 84265.55, "trend": 2343.558333, "fair_value": 1884.165064, "relative_strength": -0.005184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.436476, "energy": 17.541694, "activity_lines": [ 2473.4, 2519.209091, 2484.302381, 2424.251613 ] }, { "date": "2026-07-24", "close": 2382.5, "volume": 49596, "typical_volume": 80268.45, "trend": 2353.708333, "fair_value": 1887.655449, "relative_strength": 0.879806, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.604556, "energy": 18.835901, "activity_lines": [ 2429.5, 2488.572727, 2481.942857, 2426.763978 ] }, { "date": "2026-07-31", "close": 2361.5, "volume": 155314, "typical_volume": 84451.0, "trend": 2362.341667, "fair_value": 1891.448718, "relative_strength": -1.325625, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.027185, "energy": 21.571428, "activity_lines": [ 2395.033333, 2457.818182, 2476.920238, 2427.266667 ] }, { "date": "2026-08-07", "close": 2536.0, "volume": 189143, "typical_volume": 89198.15, "trend": 2373.358333, "fair_value": 1896.674679, "relative_strength": 5.418795, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.732632, "energy": 21.667822, "activity_lines": [ 2428.7, 2463.790909, 2487.502381, 2438.47043 ] } ], "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." } } }