{ "ticker": { "uuid": "89a9e17d-46a4-4441-8dbc-0e99ab1251ec", "symbol": "CSNDX", "name": "iShares NASDAQ 100 UCITS ETF USD (Acc)", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 92.105, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 47.249, "architecture_energy": 30.604, "architecture_maturity": 68.984, "architecture_confidence": 82.194, "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": 27.98, "rotation_up": 31.42, "upward_expansion": 62.2, "deceleration": 85.49, "rotation_down": 30.91, "downward_expansion": 21.2 }, "activity_lines": [ 1442.825985, 1457.305442, 1445.355086, 1399.775024 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 1476.939941, "trend_reference": 1342.920329, "distance_from_trend": 0.099797, "trend_direction": "Improving", "fair_value": 1091.439423, "distance_from_fair_value": 0.353204, "fair_value_direction": "Weakening", "relative_strength": -1.466103, "relative_strength_direction": "Weakening", "price_momentum": 0.219755, "excess_performance": 0.048863, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.099797, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.058388, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.353204, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.018263, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.014661, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.055912, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.219755, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.395731, "read": "Demand-led" } ], "volume": { "latest": 15970, "relative_activity": 1.448152, "balance": 1.395731, "dry_up": 1.309503, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.034283, "annualized_volatility": 0.188412, "from_high_reference": -0.029293, "from_low_reference": 0.3091 }, "levels": { "trend_reference": 1342.920329, "fair_value_reference": 1091.439423, "structural_low": 1155.0, "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": 0.016874, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.007245, "regime_survival": 0.285714, "best_return": 0.086342, "worst_return": -0.071224, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.044781, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.021203, "regime_survival": 0.0, "best_return": 0.166565, "worst_return": 0.016177, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.165878, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.076187, "regime_survival": 0.0, "best_return": 0.222899, "worst_return": 0.000761, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.070902, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.067109, "regime_survival": 0.0, "best_return": 0.351634, "worst_return": -0.142713, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-03", "end": "2024-05-17", "tenure": "New", "return": 0.030249, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-02", "tenure": "Developing", "return": -0.029789, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-10-11", "tenure": "Developing", "return": 0.096807, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-02-28", "tenure": "Established", "return": 0.060196, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.116743, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-30", "tenure": "Developing", "return": 0.16829, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.011032, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": 0.049387, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2026-02-06", "tenure": "Established", "return": 0.050912, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-03-27", "tenure": "Developing", "return": -0.02988, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.032746, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.026627, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-17", "tenure": "Developing", "return": 0.074587, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.033389, "active": true } ], "chart_path": [ { "date": "2023-08-11", "close": 777.349976, "volume": 11536, "typical_volume": 16300.75, "trend": 712.567338, "fair_value": 676.406527, "relative_strength": 2.043874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.933996, "energy": 56.505468, "activity_lines": [ 792.513326, 790.959456, 769.992574, 745.441638 ] }, { "date": "2023-08-18", "close": 764.51001, "volume": 5992, "typical_volume": 15552.4, "trend": 718.025004, "fair_value": 677.774411, "relative_strength": 2.622786, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.545983, "energy": 42.335674, "activity_lines": [ 782.52533, 786.700002, 771.896813, 748.792778 ] }, { "date": "2023-08-25", "close": 781.48999, "volume": 15237, "typical_volume": 15580.1, "trend": 722.964671, "fair_value": 679.146911, "relative_strength": 3.650183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.044426, "energy": 30.079701, "activity_lines": [ 780.13866, 785.603818, 775.031812, 752.887293 ] }, { "date": "2023-09-01", "close": 816.359985, "volume": 7134, "typical_volume": 15131.55, "trend": 727.797003, "fair_value": 680.905629, "relative_strength": 6.871687, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.05678, "energy": 40.272502, "activity_lines": [ 790.127991, 790.975269, 780.979239, 758.912797 ] }, { "date": "2023-09-08", "close": 815.450012, "volume": 7718, "typical_volume": 14421.85, "trend": 733.21767, "fair_value": 682.73768, "relative_strength": 8.579437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.564684, "energy": 50.016612, "activity_lines": [ 799.568664, 795.446725, 786.163477, 764.56783 ] }, { "date": "2023-09-15", "close": 812.530029, "volume": 6458, "typical_volume": 13323.75, "trend": 738.542338, "fair_value": 684.620437, "relative_strength": 6.024463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.15737, "energy": 54.83937, "activity_lines": [ 806.734676, 798.91673, 790.389337, 769.684757 ] }, { "date": "2023-09-22", "close": 792.450012, "volume": 7708, "typical_volume": 13111.2, "trend": 743.513005, "fair_value": 686.268834, "relative_strength": 4.832589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.448336, "energy": 50.523715, "activity_lines": [ 804.862011, 798.222005, 792.057671, 773.162671 ] }, { "date": "2023-09-29", "close": 796.349976, "volume": 7977, "typical_volume": 12942.6, "trend": 748.314337, "fair_value": 687.874283, "relative_strength": 6.853863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.292878, "energy": 43.368944, "activity_lines": [ 802.426668, 798.257818, 793.565335, 776.571508 ] }, { "date": "2023-10-06", "close": 797.530029, "volume": 7867, "typical_volume": 12651.5, "trend": 753.466671, "fair_value": 689.419347, "relative_strength": 8.851242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.670524, "energy": 33.353899, "activity_lines": [ 799.39401, 798.443278, 794.711766, 779.746714 ] }, { "date": "2023-10-13", "close": 815.700012, "volume": 8904, "typical_volume": 11820.4, "trend": 758.389004, "fair_value": 690.973193, "relative_strength": 9.751675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.240821, "energy": 35.204608, "activity_lines": [ 803.673344, 802.207826, 797.243291, 783.761768 ] }, { "date": "2023-10-20", "close": 783.840027, "volume": 7064, "typical_volume": 11439.4, "trend": 762.217338, "fair_value": 692.463835, "relative_strength": 8.947655, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.463187, "energy": 19.737071, "activity_lines": [ 797.316016, 799.820194, 796.452293, 785.40377 ] }, { "date": "2023-10-27", "close": 768.530029, "volume": 8759, "typical_volume": 10835.55, "trend": 765.056006, "fair_value": 693.95813, "relative_strength": 7.148165, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.500815, "energy": 9.147453, "activity_lines": [ 787.768022, 794.530925, 794.142867, 785.81104 ] }, { "date": "2023-11-03", "close": 800.900024, "volume": 8566, "typical_volume": 9706.5, "trend": 769.262673, "fair_value": 695.433002, "relative_strength": 6.136129, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.620332, "energy": 14.70752, "activity_lines": [ 790.604691, 795.054018, 794.917059, 788.123557 ] }, { "date": "2023-11-10", "close": 819.75, "volume": 8355, "typical_volume": 9558.15, "trend": 774.11134, "fair_value": 697.070886, "relative_strength": 9.075788, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.716993, "energy": 22.483993, "activity_lines": [ 799.42135, 798.65147, 797.427486, 791.380804 ] }, { "date": "2023-11-17", "close": 827.840027, "volume": 10476, "typical_volume": 9575.55, "trend": 779.28634, "fair_value": 698.723002, "relative_strength": 6.272971, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 64.014896, "energy": 35.953713, "activity_lines": [ 809.453353, 803.6582, 800.499869, 794.847171 ] }, { "date": "2023-11-24", "close": 831.969971, "volume": 9049, "typical_volume": 9543.8, "trend": 784.45034, "fair_value": 700.342874, "relative_strength": 6.863343, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.018865, "energy": 65.526694, "activity_lines": [ 820.052669, 809.190555, 803.783342, 798.246115 ] }, { "date": "2023-12-01", "close": 835.190002, "volume": 9547, "typical_volume": 9623.85, "trend": 789.599672, "fair_value": 701.973066, "relative_strength": 5.366474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.806721, "energy": 74.269122, "activity_lines": [ 828.516667, 814.954917, 807.146341, 801.519642 ] }, { "date": "2023-12-08", "close": 849.609985, "volume": 9675, "typical_volume": 9675.3, "trend": 794.690338, "fair_value": 703.754348, "relative_strength": 5.350631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.984395, "energy": 80.104528, "activity_lines": [ 837.343327, 822.564004, 811.684768, 805.391275 ] }, { "date": "2023-12-15", "close": 869.97998, "volume": 19534, "typical_volume": 9867.7, "trend": 799.523004, "fair_value": 705.582553, "relative_strength": 7.729187, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.484349, "energy": 86.478457, "activity_lines": [ 849.712654, 832.908362, 817.892575, 810.248671 ] }, { "date": "2023-12-22", "close": 869.22998, "volume": 15170, "typical_volume": 9636.3, "trend": 803.325004, "fair_value": 707.397552, "relative_strength": 7.387366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.34456, "energy": 87.449194, "activity_lines": [ 858.483317, 841.799084, 823.756097, 814.745895 ] }, { "date": "2023-12-29", "close": 864.27002, "volume": 3563, "typical_volume": 9237.65, "trend": 806.428339, "fair_value": 709.152873, "relative_strength": 6.457122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.802424, "energy": 83.690595, "activity_lines": [ 862.841329, 848.814724, 828.798194, 818.677832 ] }, { "date": "2024-01-05", "close": 850.75, "volume": 11348, "typical_volume": 9505.45, "trend": 809.163672, "fair_value": 710.763963, "relative_strength": 4.128893, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.871544, "energy": 72.672004, "activity_lines": [ 860.539331, 851.909814, 832.138764, 821.537294 ] }, { "date": "2024-01-12", "close": 874.130005, "volume": 7457, "typical_volume": 9116.45, "trend": 812.017672, "fair_value": 712.525245, "relative_strength": 6.467726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.644001, "energy": 63.236353, "activity_lines": [ 864.993335, 857.760906, 837.295336, 825.72867 ] }, { "date": "2024-01-19", "close": 896.030029, "volume": 14375, "typical_volume": 9478.5, "trend": 816.020005, "fair_value": 714.310501, "relative_strength": 9.319042, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.36224, "energy": 70.008527, "activity_lines": [ 875.112679, 866.262367, 844.096481, 831.148822 ] }, { "date": "2024-01-26", "close": 917.210022, "volume": 12363, "typical_volume": 9710.75, "trend": 820.274672, "fair_value": 716.325309, "relative_strength": 11.061023, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.732683, "energy": 87.716416, "activity_lines": [ 890.555351, 877.227825, 852.535387, 837.67721 ] }, { "date": "2024-02-02", "close": 929.030029, "volume": 11283, "typical_volume": 9952.0, "trend": 825.100006, "fair_value": 718.205566, "relative_strength": 10.832738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.973477, "energy": 94.945253, "activity_lines": [ 906.739355, 888.717467, 861.615437, 844.693685 ] }, { "date": "2024-02-09", "close": 945.650024, "volume": 9174, "typical_volume": 10025.3, "trend": 830.16734, "fair_value": 720.167745, "relative_strength": 10.72923, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.876143, "energy": 95.655206, "activity_lines": [ 924.146024, 901.464198, 871.723581, 852.471105 ] }, { "date": "2024-02-16", "close": 942.23999, "volume": 10382, "typical_volume": 10145.55, "trend": 835.149339, "fair_value": 722.130245, "relative_strength": 7.860291, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.778508, "energy": 92.106077, "activity_lines": [ 934.089347, 911.582558, 880.777437, 859.701599 ] }, { "date": "2024-02-23", "close": 945.940002, "volume": 11276, "typical_volume": 10316.0, "trend": 839.591339, "fair_value": 724.309284, "relative_strength": 4.703057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.188274, "energy": 89.676778, "activity_lines": [ 940.725341, 920.689466, 889.48896, 866.849384 ] }, { "date": "2024-03-01", "close": 957.359985, "volume": 7919, "typical_volume": 10266.75, "trend": 844.972339, "fair_value": 726.720437, "relative_strength": 4.806992, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.041589, "energy": 79.812248, "activity_lines": [ 947.840665, 930.491643, 898.581386, 874.447361 ] }, { "date": "2024-03-08", "close": 947.619995, "volume": 6187, "typical_volume": 10222.9, "trend": 850.648006, "fair_value": 728.910309, "relative_strength": 1.941694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.60886, "energy": 66.703857, "activity_lines": [ 949.032662, 936.92055, 906.071623, 881.06979 ] }, { "date": "2024-03-15", "close": 932.51001, "volume": 7533, "typical_volume": 10161.6, "trend": 856.248006, "fair_value": 730.975694, "relative_strength": -1.354807, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.25254, "energy": 63.98845, "activity_lines": [ 943.948665, 939.086732, 911.342909, 886.35121 ] }, { "date": "2024-03-22", "close": 965.820007, "volume": 5470, "typical_volume": 10006.8, "trend": 862.39234, "fair_value": 733.226207, "relative_strength": 0.808042, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.083284, "energy": 67.395949, "activity_lines": [ 950.844002, 945.822732, 919.005719, 893.420371 ] }, { "date": "2024-03-29", "close": 963.559998, "volume": 7811, "typical_volume": 9979.6, "trend": 867.299007, "fair_value": 735.317938, "relative_strength": -0.775575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.903147, "energy": 64.075963, "activity_lines": [ 955.414002, 950.480729, 925.667957, 899.947317 ] }, { "date": "2024-04-05", "close": 952.280029, "volume": 8386, "typical_volume": 9875.1, "trend": 871.860008, "fair_value": 737.241015, "relative_strength": -0.027036, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.567913, "energy": 56.259093, "activity_lines": [ 955.049345, 951.860006, 930.571102, 905.429964 ] }, { "date": "2024-04-12", "close": 970.309998, "volume": 10168, "typical_volume": 9931.05, "trend": 877.11934, "fair_value": 739.234604, "relative_strength": 2.29172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.103385, "energy": 61.361934, "activity_lines": [ 961.033342, 955.879823, 936.598816, 911.781576 ] }, { "date": "2024-04-19", "close": 918.619995, "volume": 8102, "typical_volume": 9858.8, "trend": 881.325006, "fair_value": 740.949604, "relative_strength": -3.795577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.287591, "energy": 38.514041, "activity_lines": [ 948.27467, 949.750912, 937.04491, 914.459037 ] }, { "date": "2024-04-26", "close": 945.309998, "volume": 10606, "typical_volume": 9905.35, "trend": 886.29034, "fair_value": 742.833707, "relative_strength": -2.122063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.329788, "energy": 30.484994, "activity_lines": [ 945.338668, 948.966184, 939.635624, 918.587101 ] }, { "date": "2024-05-03", "close": 945.809998, "volume": 4131, "typical_volume": 9135.2, "trend": 891.233006, "fair_value": 744.790758, "relative_strength": -0.481464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.489353, "energy": 25.76479, "activity_lines": [ 943.936666, 948.216547, 941.818242, 922.427079 ] }, { "date": "2024-05-10", "close": 961.150024, "volume": 8512, "typical_volume": 8802.3, "trend": 896.081339, "fair_value": 746.975117, "relative_strength": -2.017204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.589075, "energy": 25.734561, "activity_lines": [ 948.83134, 950.25837, 945.10072, 926.937855 ] }, { "date": "2024-05-17", "close": 974.419983, "volume": 5625, "typical_volume": 8905.4, "trend": 902.434005, "fair_value": 749.226719, "relative_strength": -2.824658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.803366, "energy": 43.109438, "activity_lines": [ 957.558, 954.644002, 949.209289, 931.991961 ] }, { "date": "2024-05-24", "close": 990.619995, "volume": 5142, "typical_volume": 8595.1, "trend": 909.837004, "fair_value": 751.503194, "relative_strength": 1.360592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.482308, "energy": 61.155233, "activity_lines": [ 971.410665, 961.487819, 954.336193, 937.68138 ] }, { "date": "2024-05-31", "close": 961.77002, "volume": 7634, "typical_volume": 8603.95, "trend": 915.199337, "fair_value": 753.579027, "relative_strength": -1.553696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.733359, "energy": 53.104404, "activity_lines": [ 970.846672, 962.02964, 956.049432, 941.031897 ] }, { "date": "2024-06-07", "close": 1005.530029, "volume": 8910, "typical_volume": 8330.7, "trend": 921.392004, "fair_value": 755.848835, "relative_strength": 2.377243, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.584795, "energy": 71.992623, "activity_lines": [ 983.772013, 970.601463, 961.512958, 946.859683 ] }, { "date": "2024-06-14", "close": 1046.0, "volume": 6521, "typical_volume": 8038.6, "trend": 928.664003, "fair_value": 758.270566, "relative_strength": 12.717287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.730612, "energy": 85.473996, "activity_lines": [ 1006.20601, 985.768371, 970.309339, 954.898909 ] }, { "date": "2024-06-21", "close": 1053.680054, "volume": 8542, "typical_volume": 7901.55, "trend": 936.05434, "fair_value": 760.672681, "relative_strength": 11.115226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.29231, "energy": 90.589939, "activity_lines": [ 1025.543359, 1000.627652, 979.223867, 962.96446 ] }, { "date": "2024-06-28", "close": 1058.51001, "volume": 8396, "typical_volume": 7862.65, "trend": 943.49834, "fair_value": 762.984156, "relative_strength": 11.847325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.246317, "energy": 91.529685, "activity_lines": [ 1041.20669, 1014.849289, 988.00482, 970.864826 ] }, { "date": "2024-07-05", "close": 1072.349976, "volume": 7727, "typical_volume": 7729.9, "trend": 950.923006, "fair_value": 765.34313, "relative_strength": 10.282852, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.345781, "energy": 91.587489, "activity_lines": [ 1056.957341, 1029.043828, 997.566436, 979.177835 ] }, { "date": "2024-07-12", "close": 1069.869995, "volume": 10521, "typical_volume": 7692.15, "trend": 957.586007, "fair_value": 767.686399, "relative_strength": 7.905316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.289938, "energy": 88.25041, "activity_lines": [ 1064.509334, 1040.477643, 1006.272292, 986.851834 ] }, { "date": "2024-07-19", "close": 1025.900024, "volume": 14867, "typical_volume": 8039.55, "trend": 962.808341, "fair_value": 769.627425, "relative_strength": 4.398704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.401542, "energy": 62.525664, "activity_lines": [ 1053.11534, 1041.661283, 1010.200389, 991.25919 ] }, { "date": "2024-07-26", "close": 997.590027, "volume": 17089, "typical_volume": 8584.65, "trend": 967.252342, "fair_value": 771.466592, "relative_strength": 2.596427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.590441, "energy": 42.27225, "activity_lines": [ 1033.624679, 1036.520377, 1011.105915, 993.50317 ] }, { "date": "2024-08-02", "close": 961.109985, "volume": 17298, "typical_volume": 9072.9, "trend": 970.931008, "fair_value": 772.986464, "relative_strength": 4.228273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.7135, "energy": 19.249575, "activity_lines": [ 1005.713338, 1024.325463, 1008.299198, 993.106889 ] }, { "date": "2024-08-09", "close": 963.77002, "volume": 34879, "typical_volume": 10543.35, "trend": 973.919008, "fair_value": 774.529733, "relative_strength": 5.097387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.989633, "energy": 24.821314, "activity_lines": [ 985.182011, 1013.150737, 1005.609628, 992.64489 ] }, { "date": "2024-08-16", "close": 1009.869995, "volume": 12279, "typical_volume": 10766.75, "trend": 977.713674, "fair_value": 776.334092, "relative_strength": 5.715085, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.486958, "energy": 25.87181, "activity_lines": [ 987.256006, 1010.321461, 1007.320294, 994.964308 ] }, { "date": "2024-08-23", "close": 1005.580017, "volume": 5658, "typical_volume": 10630.35, "trend": 980.65934, "fair_value": 778.0539, "relative_strength": 3.211303, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.337148, "energy": 17.98286, "activity_lines": [ 991.900008, 1006.633281, 1008.401866, 996.762137 ] }, { "date": "2024-08-30", "close": 1003.059998, "volume": 12323, "typical_volume": 10738.1, "trend": 983.127006, "fair_value": 779.714348, "relative_strength": 0.741157, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.790183, "energy": 10.918372, "activity_lines": [ 997.058671, 1003.221824, 1008.989627, 998.207341 ] }, { "date": "2024-09-06", "close": 952.48999, "volume": 6212, "typical_volume": 10643.6, "trend": 983.355005, "fair_value": 781.06172, "relative_strength": -1.21081, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.734382, "energy": 10.395234, "activity_lines": [ 984.996, 991.536185, 1004.605244, 996.230759 ] }, { "date": "2024-09-13", "close": 1005.75, "volume": 6531, "typical_volume": 10439.85, "trend": 985.472005, "fair_value": 782.780566, "relative_strength": 3.326022, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.811437, "energy": 9.37231, "activity_lines": [ 991.261332, 991.461821, 1005.131958, 997.675597 ] }, { "date": "2024-09-20", "close": 1010.890015, "volume": 6652, "typical_volume": 10565.9, "trend": 987.637006, "fair_value": 784.552233, "relative_strength": 3.106184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.327949, "energy": 13.450651, "activity_lines": [ 996.441337, 993.532914, 1005.860387, 999.315469 ] }, { "date": "2024-09-27", "close": 1025.180054, "volume": 7639, "typical_volume": 10522.25, "trend": 989.897675, "fair_value": 786.536528, "relative_strength": 1.568963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.731021, "energy": 16.479347, "activity_lines": [ 1006.316687, 999.274558, 1007.639868, 1001.737601 ] }, { "date": "2024-10-04", "close": 1034.72998, "volume": 11283, "typical_volume": 10805.15, "trend": 992.801341, "fair_value": 788.523515, "relative_strength": 5.823831, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 46.575879, "energy": 28.884949, "activity_lines": [ 1018.068677, 1006.765644, 1010.02396, 1004.630008 ] }, { "date": "2024-10-11", "close": 1057.069946, "volume": 12434, "typical_volume": 11169.75, "trend": 996.953339, "fair_value": 790.582874, "relative_strength": 5.724317, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.809351, "energy": 52.070393, "activity_lines": [ 1035.155989, 1017.643269, 1014.248478, 1008.776369 ] }, { "date": "2024-10-18", "close": 1069.670044, "volume": 10542, "typical_volume": 11315.15, "trend": 1000.415007, "fair_value": 792.666656, "relative_strength": 4.142531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.332522, "energy": 65.965125, "activity_lines": [ 1049.471338, 1029.067095, 1019.356577, 1013.46777 ] }, { "date": "2024-10-25", "close": 1082.219971, "volume": 13123, "typical_volume": 11525.8, "trend": 1004.370339, "fair_value": 794.670951, "relative_strength": 6.453796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.432271, "energy": 74.386334, "activity_lines": [ 1063.708659, 1040.847271, 1025.146097, 1018.745509 ] }, { "date": "2024-11-01", "close": 1060.560059, "volume": 8948, "typical_volume": 11647.15, "trend": 1007.979673, "fair_value": 796.325247, "relative_strength": 4.441659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.970812, "energy": 70.550108, "activity_lines": [ 1065.970679, 1047.373827, 1028.507579, 1022.370653 ] }, { "date": "2024-11-08", "close": 1124.300049, "volume": 10701, "typical_volume": 11755.1, "trend": 1013.112675, "fair_value": 798.409798, "relative_strength": 13.197465, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.709687, "energy": 82.594201, "activity_lines": [ 1087.120695, 1064.489835, 1037.870202, 1029.875193 ] }, { "date": "2024-11-15", "close": 1109.76001, "volume": 16107, "typical_volume": 12140.65, "trend": 1019.484009, "fair_value": 800.210632, "relative_strength": 10.191188, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.511496, "energy": 80.103409, "activity_lines": [ 1097.452694, 1076.757835, 1045.511773, 1036.110505 ] }, { "date": "2024-11-22", "close": 1137.5, "volume": 13141, "typical_volume": 12411.35, "trend": 1025.890342, "fair_value": 802.355055, "relative_strength": 14.868925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.043401, "energy": 83.351436, "activity_lines": [ 1113.518685, 1091.210014, 1055.551201, 1043.72444 ] }, { "date": "2024-11-29", "close": 1133.27002, "volume": 7557, "typical_volume": 12263.15, "trend": 1032.13901, "fair_value": 804.582555, "relative_strength": 14.269161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.591514, "energy": 82.584666, "activity_lines": [ 1123.652686, 1102.497652, 1064.877535, 1050.652161 ] }, { "date": "2024-12-06", "close": 1167.599976, "volume": 9613, "typical_volume": 12000.45, "trend": 1039.020675, "fair_value": 806.886529, "relative_strength": 12.794445, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.515367, "energy": 89.610753, "activity_lines": [ 1141.826669, 1117.802009, 1077.171485, 1059.391578 ] }, { "date": "2024-12-13", "close": 1183.920044, "volume": 10354, "typical_volume": 11663.7, "trend": 1046.00401, "fair_value": 809.384414, "relative_strength": 13.527536, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.779896, "energy": 92.046955, "activity_lines": [ 1158.30468, 1133.484198, 1090.344964, 1068.739925 ] }, { "date": "2024-12-20", "close": 1175.209961, "volume": 12753, "typical_volume": 11436.45, "trend": 1052.157009, "fair_value": 811.695311, "relative_strength": 15.980085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.240654, "energy": 85.240107, "activity_lines": [ 1167.904663, 1144.870188, 1101.801626, 1077.075792 ] }, { "date": "2024-12-27", "close": 1174.599976, "volume": 3201, "typical_volume": 9852.55, "trend": 1059.251341, "fair_value": 813.932554, "relative_strength": 14.147253, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.619089, "energy": 82.327451, "activity_lines": [ 1172.937989, 1153.997273, 1112.180671, 1084.975339 ] }, { "date": "2025-01-03", "close": 1180.050049, "volume": 4310, "typical_volume": 9454.1, "trend": 1065.068675, "fair_value": 816.506785, "relative_strength": 14.303986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.905412, "energy": 69.561128, "activity_lines": [ 1177.314673, 1162.207462, 1122.074818, 1092.768804 ] }, { "date": "2025-01-10", "close": 1160.079956, "volume": 7328, "typical_volume": 9537.6, "trend": 1068.87134, "fair_value": 819.015247, "relative_strength": 8.985999, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.870227, "energy": 58.499528, "activity_lines": [ 1171.915991, 1165.007997, 1129.25667, 1098.898564 ] }, { "date": "2025-01-17", "close": 1190.25, "volume": 10556, "typical_volume": 9449.25, "trend": 1073.423672, "fair_value": 821.921657, "relative_strength": 7.967284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.884548, "energy": 57.888949, "activity_lines": [ 1177.075326, 1171.484542, 1138.576146, 1106.729445 ] }, { "date": "2025-01-24", "close": 1189.390015, "volume": 10107, "typical_volume": 9644.0, "trend": 1077.786338, "fair_value": 824.924991, "relative_strength": 7.907158, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.070348, "energy": 54.942738, "activity_lines": [ 1181.526001, 1176.605635, 1146.922337, 1114.211145 ] }, { "date": "2025-01-31", "close": 1199.189941, "volume": 16751, "typical_volume": 10155.0, "trend": 1082.014337, "fair_value": 827.995375, "relative_strength": 7.808375, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.55173, "energy": 52.807854, "activity_lines": [ 1188.297982, 1182.060716, 1155.07376, 1122.043635 ] }, { "date": "2025-02-07", "close": 1193.530029, "volume": 11464, "typical_volume": 10395.6, "trend": 1086.136338, "fair_value": 831.012682, "relative_strength": 5.485012, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.567684, "energy": 53.83962, "activity_lines": [ 1191.543994, 1185.365086, 1161.765, 1129.238196 ] }, { "date": "2025-02-14", "close": 1200.680054, "volume": 8459, "typical_volume": 10436.6, "trend": 1091.962339, "fair_value": 834.223003, "relative_strength": 3.415563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.856397, "energy": 53.740348, "activity_lines": [ 1196.274683, 1188.873824, 1168.267481, 1136.628113 ] }, { "date": "2025-02-21", "close": 1200.23999, "volume": 12853, "typical_volume": 10515.1, "trend": 1098.717338, "fair_value": 837.35749, "relative_strength": 2.037286, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.331862, "energy": 52.633945, "activity_lines": [ 1198.15201, 1191.701094, 1173.892337, 1143.613768 ] }, { "date": "2025-02-28", "close": 1134.060059, "volume": 20202, "typical_volume": 10903.5, "trend": 1104.482341, "fair_value": 840.052555, "relative_strength": -4.188755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.213716, "energy": 26.732897, "activity_lines": [ 1177.303361, 1182.198924, 1172.426199, 1145.893943 ] }, { "date": "2025-03-07", "close": 1046.400024, "volume": 21198, "typical_volume": 11436.3, "trend": 1107.236674, "fair_value": 842.304863, "relative_strength": -11.382871, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -15.708772, "energy": 23.681981, "activity_lines": [ 1130.923364, 1157.506745, 1162.244867, 1142.146697 ] }, { "date": "2025-03-14", "close": 1032.099976, "volume": 23466, "typical_volume": 11953.45, "trend": 1107.977673, "fair_value": 844.23717, "relative_strength": -12.691576, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.656559, "energy": 48.093224, "activity_lines": [ 1089.962679, 1132.545466, 1150.812436, 1137.299168 ] }, { "date": "2025-03-21", "close": 1039.47998, "volume": 12336, "typical_volume": 12122.85, "trend": 1109.107672, "fair_value": 846.070311, "relative_strength": -12.843685, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.895548, "energy": 63.900042, "activity_lines": [ 1062.223999, 1111.616007, 1140.321528, 1132.879962 ] }, { "date": "2025-03-28", "close": 1022.469971, "volume": 11341, "typical_volume": 12154.85, "trend": 1109.754671, "fair_value": 847.761721, "relative_strength": -13.540015, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.990112, "energy": 74.450337, "activity_lines": [ 1039.561987, 1089.786546, 1128.311001, 1127.290433 ] }, { "date": "2025-04-04", "close": 926.919983, "volume": 21219, "typical_volume": 12410.45, "trend": 1108.902338, "fair_value": 848.895824, "relative_strength": -12.298714, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -65.831711, "energy": 86.754758, "activity_lines": [ 996.901314, 1053.634905, 1107.68538, 1115.494647 ] }, { "date": "2025-04-11", "close": 924.23999, "volume": 42311, "typical_volume": 13868.95, "trend": 1106.185337, "fair_value": 850.100119, "relative_strength": -10.867783, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -84.470054, "energy": 92.119542, "activity_lines": [ 967.156649, 1021.768176, 1087.675189, 1103.580947 ] }, { "date": "2025-04-18", "close": 918.650024, "volume": 16562, "typical_volume": 14319.2, "trend": 1103.110671, "fair_value": 851.420568, "relative_strength": -16.131318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.753507, "energy": 88.548229, "activity_lines": [ 943.692663, 993.88418, 1068.148143, 1091.481894 ] }, { "date": "2025-04-25", "close": 968.710022, "volume": 13244, "typical_volume": 14500.75, "trend": 1101.228337, "fair_value": 853.081722, "relative_strength": -14.710854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.148297, "energy": 72.102541, "activity_lines": [ 944.478674, 980.099819, 1054.410717, 1082.810885 ] }, { "date": "2025-05-02", "close": 1012.869995, "volume": 8518, "typical_volume": 14408.95, "trend": 1100.49967, "fair_value": 855.194606, "relative_strength": -13.009551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.759823, "energy": 56.997746, "activity_lines": [ 964.702673, 978.562181, 1045.826097, 1077.110347 ] }, { "date": "2025-05-09", "close": 1020.440002, "volume": 9370, "typical_volume": 14239.8, "trend": 1099.278672, "fair_value": 857.443645, "relative_strength": -14.580882, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.822606, "energy": 40.712641, "activity_lines": [ 988.090006, 981.807636, 1038.776954, 1071.945207 ] }, { "date": "2025-05-16", "close": 1096.380005, "volume": 18282, "typical_volume": 14993.85, "trend": 1100.169004, "fair_value": 860.424414, "relative_strength": -11.095547, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -26.322811, "energy": 23.55659, "activity_lines": [ 1030.556006, 1000.926183, 1039.697193, 1071.758196 ] }, { "date": "2025-05-23", "close": 1055.959961, "volume": 7638, "typical_volume": 15160.25, "trend": 1099.293671, "fair_value": 862.931529, "relative_strength": -11.701077, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.568406, "energy": 27.515667, "activity_lines": [ 1048.072656, 1011.786904, 1037.140379, 1068.906 ] }, { "date": "2025-05-30", "close": 1073.25, "volume": 6057, "typical_volume": 15096.7, "trend": 1099.716669, "fair_value": 865.567298, "relative_strength": -11.563045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.252736, "energy": 24.583916, "activity_lines": [ 1062.198657, 1025.357451, 1036.821141, 1067.225763 ] }, { "date": "2025-06-06", "close": 1093.180054, "volume": 12275, "typical_volume": 15182.65, "trend": 1098.679336, "fair_value": 868.489863, "relative_strength": -10.9453, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.520756, "energy": 20.76369, "activity_lines": [ 1075.998678, 1041.937643, 1038.81348, 1066.804046 ] }, { "date": "2025-06-13", "close": 1077.880005, "volume": 13489, "typical_volume": 15351.75, "trend": 1097.616669, "fair_value": 871.502106, "relative_strength": -9.331779, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.676251, "energy": 18.249143, "activity_lines": [ 1079.344678, 1054.450371, 1039.810908, 1065.462153 ] }, { "date": "2025-06-20", "close": 1077.469971, "volume": 10294, "typical_volume": 15028.9, "trend": 1095.615668, "fair_value": 874.016735, "relative_strength": -8.642765, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.01959, "energy": 16.591273, "activity_lines": [ 1078.724667, 1064.143819, 1041.300286, 1064.162367 ] }, { "date": "2025-06-27", "close": 1104.569946, "volume": 10143, "typical_volume": 14962.85, "trend": 1094.658999, "fair_value": 876.89376, "relative_strength": -7.304102, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.887826, "energy": 22.679277, "activity_lines": [ 1088.398649, 1075.978536, 1045.950233, 1064.740062 ] }, { "date": "2025-07-04", "close": 1105.23999, "volume": 17277, "typical_volume": 15403.75, "trend": 1092.580332, "fair_value": 879.57836, "relative_strength": -6.748283, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.033415, "energy": 35.795097, "activity_lines": [ 1095.055314, 1084.554716, 1051.087613, 1065.422706 ] }, { "date": "2025-07-11", "close": 1115.27002, "volume": 10367, "typical_volume": 15279.45, "trend": 1090.291998, "fair_value": 882.379043, "relative_strength": -6.78625, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.554042, "energy": 47.168824, "activity_lines": [ 1102.922656, 1092.472176, 1057.63471, 1066.886557 ] }, { "date": "2025-07-18", "close": 1133.699951, "volume": 8832, "typical_volume": 14710.95, "trend": 1088.908331, "fair_value": 885.148372, "relative_strength": -5.682904, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.581509, "energy": 56.442216, "activity_lines": [ 1115.460645, 1101.878713, 1066.341658, 1069.68707 ] }, { "date": "2025-07-25", "close": 1136.209961, "volume": 10465, "typical_volume": 14174.3, "trend": 1087.628664, "fair_value": 887.733272, "relative_strength": -6.338028, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.46776, "energy": 64.806902, "activity_lines": [ 1125.113973, 1109.682344, 1075.289369, 1072.738788 ] }, { "date": "2025-08-01", "close": 1130.390015, "volume": 11662, "typical_volume": 13584.1, "trend": 1085.97333, "fair_value": 890.29667, "relative_strength": -4.885719, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.073774, "energy": 61.064245, "activity_lines": [ 1128.91132, 1115.703622, 1083.255134, 1075.497585 ] }, { "date": "2025-08-08", "close": 1155.709961, "volume": 8040, "typical_volume": 13369.3, "trend": 1085.827663, "fair_value": 892.941028, "relative_strength": -6.527896, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.26372, "energy": 67.001288, "activity_lines": [ 1139.427311, 1124.975253, 1093.164274, 1079.996723 ] }, { "date": "2025-08-15", "close": 1170.349976, "volume": 4860, "typical_volume": 13045.25, "trend": 1085.164329, "fair_value": 895.656797, "relative_strength": -7.442259, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 80.460502, "energy": 85.55935, "activity_lines": [ 1151.458643, 1135.409433, 1103.914224, 1085.449775 ] }, { "date": "2025-08-22", "close": 1152.189941, "volume": 5697, "typical_volume": 12269.15, "trend": 1083.924327, "fair_value": 898.385707, "relative_strength": -10.06727, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.600843, "energy": 77.319533, "activity_lines": [ 1153.764632, 1141.138699, 1112.230458, 1089.774008 ] }, { "date": "2025-08-29", "close": 1146.829956, "volume": 6511, "typical_volume": 10479.15, "trend": 1082.178994, "fair_value": 901.24513, "relative_strength": -8.002611, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.266606, "energy": 76.983674, "activity_lines": [ 1153.051294, 1144.542332, 1118.963502, 1093.832436 ] }, { "date": "2025-09-05", "close": 1151.27002, "volume": 7225, "typical_volume": 10012.3, "trend": 1080.770327, "fair_value": 904.081861, "relative_strength": -6.283861, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.663454, "energy": 65.720181, "activity_lines": [ 1153.109977, 1147.492159, 1125.059458, 1098.289922 ] }, { "date": "2025-09-12", "close": 1177.619995, "volume": 7395, "typical_volume": 9719.85, "trend": 1080.001658, "fair_value": 907.067118, "relative_strength": -6.15605, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.916022, "energy": 60.563322, "activity_lines": [ 1160.559985, 1154.383798, 1132.55722, 1104.538287 ] }, { "date": "2025-09-19", "close": 1194.97998, "volume": 13485, "typical_volume": 9968.2, "trend": 1079.826324, "fair_value": 910.495515, "relative_strength": -4.094664, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.016263, "energy": 67.633468, "activity_lines": [ 1172.335986, 1163.115798, 1140.713505, 1111.956243 ] }, { "date": "2025-09-26", "close": 1195.579956, "volume": 10106, "typical_volume": 10005.0, "trend": 1081.876988, "fair_value": 913.978719, "relative_strength": -4.705527, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.113916, "energy": 76.398384, "activity_lines": [ 1182.669979, 1170.507613, 1148.059741, 1119.42422 ] }, { "date": "2025-10-03", "close": 1216.819946, "volume": 9276, "typical_volume": 9554.7, "trend": 1087.557652, "fair_value": 917.63795, "relative_strength": -4.21745, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.858222, "energy": 87.326807, "activity_lines": [ 1197.1913, 1180.636153, 1156.594832, 1128.130217 ] }, { "date": "2025-10-10", "close": 1210.910034, "volume": 9500, "typical_volume": 9647.8, "trend": 1093.517987, "fair_value": 921.356604, "relative_strength": -1.810316, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.517094, "energy": 78.840951, "activity_lines": [ 1205.076652, 1188.224527, 1163.993552, 1136.088435 ] }, { "date": "2025-10-17", "close": 1206.579956, "volume": 12417, "typical_volume": 9965.8, "trend": 1099.087986, "fair_value": 924.973078, "relative_strength": -1.3856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.106394, "energy": 62.552811, "activity_lines": [ 1207.542643, 1193.561614, 1170.242025, 1143.382756 ] }, { "date": "2025-10-24", "close": 1236.839966, "volume": 6042, "typical_volume": 9654.15, "trend": 1106.233653, "fair_value": 928.733719, "relative_strength": -0.515756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.100516, "energy": 66.705656, "activity_lines": [ 1218.16464, 1203.475612, 1178.7375, 1152.26998 ] }, { "date": "2025-10-31", "close": 1286.180054, "volume": 11167, "typical_volume": 9538.05, "trend": 1118.208988, "fair_value": 933.040963, "relative_strength": 1.85755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.460802, "energy": 77.907336, "activity_lines": [ 1242.442668, 1221.151627, 1191.247936, 1163.879426 ] }, { "date": "2025-11-07", "close": 1222.880005, "volume": 14182, "typical_volume": 9732.45, "trend": 1128.163656, "fair_value": 936.784553, "relative_strength": -2.270058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.516125, "energy": 60.546415, "activity_lines": [ 1239.580672, 1224.882358, 1196.737891, 1170.632394 ] }, { "date": "2025-11-14", "close": 1240.040039, "volume": 11024, "typical_volume": 9776.5, "trend": 1138.876656, "fair_value": 940.63622, "relative_strength": -3.051567, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.263769, "energy": 56.246374, "activity_lines": [ 1242.034684, 1230.350366, 1203.169706, 1177.850226 ] }, { "date": "2025-11-21", "close": 1200.050049, "volume": 16145, "typical_volume": 9719.9, "trend": 1146.58799, "fair_value": 944.21481, "relative_strength": -2.871904, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.920969, "energy": 44.882658, "activity_lines": [ 1229.216699, 1226.933467, 1205.147854, 1181.796896 ] }, { "date": "2025-11-28", "close": 1253.369995, "volume": 9107, "typical_volume": 9656.9, "trend": 1154.604657, "fair_value": 948.117759, "relative_strength": 0.150493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.63754, "energy": 40.163163, "activity_lines": [ 1234.607357, 1232.803285, 1211.752617, 1188.686058 ] }, { "date": "2025-12-05", "close": 1264.380005, "volume": 10224, "typical_volume": 9726.5, "trend": 1162.73599, "fair_value": 952.1934, "relative_strength": 1.155991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.403971, "energy": 43.747449, "activity_lines": [ 1242.566016, 1239.613286, 1218.748333, 1195.768338 ] }, { "date": "2025-12-12", "close": 1229.810059, "volume": 11505, "typical_volume": 9778.5, "trend": 1167.183659, "fair_value": 956.221092, "relative_strength": -1.419296, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.016728, "energy": 34.094871, "activity_lines": [ 1240.454696, 1238.886932, 1221.829387, 1200.095697 ] }, { "date": "2025-12-19", "close": 1239.099976, "volume": 10196, "typical_volume": 9705.2, "trend": 1173.288326, "fair_value": 960.418015, "relative_strength": -2.971856, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.566944, "energy": 36.307477, "activity_lines": [ 1240.978011, 1239.61347, 1225.34948, 1204.73546 ] }, { "date": "2025-12-26", "close": 1243.189941, "volume": 1157, "typical_volume": 9361.05, "trend": 1178.952991, "fair_value": 964.695323, "relative_strength": -1.891288, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.596895, "energy": 34.041936, "activity_lines": [ 1242.927319, 1240.571094, 1228.741428, 1209.245241 ] }, { "date": "2026-01-09", "close": 1266.5, "volume": 18560, "typical_volume": 10046.05, "trend": 1184.730322, "fair_value": 969.071541, "relative_strength": -2.026714, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.448169, "energy": 36.803776, "activity_lines": [ 1249.770654, 1245.101274, 1233.936809, 1214.893436 ] }, { "date": "2026-01-16", "close": 1264.390015, "volume": 8240, "typical_volume": 10173.2, "trend": 1190.947323, "fair_value": 973.339746, "relative_strength": -1.999433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.69542, "energy": 38.19535, "activity_lines": [ 1255.035327, 1248.708547, 1238.473383, 1220.032771 ] }, { "date": "2026-01-23", "close": 1249.160034, "volume": 17692, "typical_volume": 10732.25, "trend": 1196.670325, "fair_value": 977.496028, "relative_strength": -0.753652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.237956, "energy": 34.474621, "activity_lines": [ 1255.222673, 1249.942916, 1241.025196, 1223.788429 ] }, { "date": "2026-01-30", "close": 1240.050049, "volume": 12382, "typical_volume": 10990.1, "trend": 1201.186328, "fair_value": 981.385451, "relative_strength": -2.606697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.993292, "energy": 30.55261, "activity_lines": [ 1251.083358, 1249.043104, 1242.222105, 1226.587121 ] }, { "date": "2026-02-06", "close": 1210.849976, "volume": 17684, "typical_volume": 11504.55, "trend": 1204.706661, "fair_value": 984.843528, "relative_strength": -5.202777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.77276, "energy": 12.089404, "activity_lines": [ 1237.147347, 1242.834007, 1240.215293, 1227.210582 ] }, { "date": "2026-02-13", "close": 1197.119995, "volume": 10961, "typical_volume": 11378.35, "trend": 1207.434994, "fair_value": 988.332566, "relative_strength": -4.973083, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.78817, "energy": 11.592873, "activity_lines": [ 1220.790674, 1233.932187, 1236.742626, 1226.72112 ] }, { "date": "2026-02-20", "close": 1216.069946, "volume": 8674, "typical_volume": 11306.75, "trend": 1210.18066, "fair_value": 991.943336, "relative_strength": -5.275337, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.231875, "energy": 18.395643, "activity_lines": [ 1215.375985, 1229.49854, 1235.064525, 1227.278214 ] }, { "date": "2026-02-27", "close": 1211.209961, "volume": 12616, "typical_volume": 11473.75, "trend": 1212.68066, "fair_value": 995.583592, "relative_strength": -6.764354, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.261535, "energy": 25.120996, "activity_lines": [ 1211.562638, 1225.059624, 1232.825998, 1227.34462 ] }, { "date": "2026-03-06", "close": 1238.640015, "volume": 13020, "typical_volume": 11649.75, "trend": 1216.288993, "fair_value": 999.342117, "relative_strength": 2.042517, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.883931, "energy": 17.071672, "activity_lines": [ 1219.422648, 1225.946174, 1233.22657, 1229.019417 ] }, { "date": "2026-03-13", "close": 1226.25, "volume": 10545, "typical_volume": 11556.15, "trend": 1218.640328, "fair_value": 1003.081156, "relative_strength": 0.606527, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.986087, "energy": 7.845948, "activity_lines": [ 1223.246655, 1224.588357, 1232.315094, 1229.662063 ] }, { "date": "2026-03-20", "close": 1195.180054, "volume": 12820, "typical_volume": 11895.05, "trend": 1219.467997, "fair_value": 1006.460322, "relative_strength": 1.350913, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.643303, "energy": 14.567095, "activity_lines": [ 1215.687346, 1217.889458, 1228.350908, 1228.148497 ] }, { "date": "2026-03-27", "close": 1161.349976, "volume": 18507, "typical_volume": 12262.05, "trend": 1219.773332, "fair_value": 1009.616476, "relative_strength": -2.749018, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -43.637544, "energy": 35.947628, "activity_lines": [ 1196.980672, 1206.336362, 1221.363191, 1224.398947 ] }, { "date": "2026-04-03", "close": 1192.52002, "volume": 7365, "typical_volume": 11921.2, "trend": 1221.296334, "fair_value": 1012.880258, "relative_strength": -5.037748, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.257569, "energy": 40.787846, "activity_lines": [ 1192.312012, 1202.324001, 1217.938478, 1222.640669 ] }, { "date": "2026-04-10", "close": 1231.569946, "volume": 15052, "typical_volume": 12122.6, "trend": 1223.972998, "fair_value": 1016.449937, "relative_strength": -5.957031, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -42.656547, "energy": 39.044868, "activity_lines": [ 1201.90599, 1206.441446, 1218.377377, 1223.303483 ] }, { "date": "2026-04-17", "close": 1298.329956, "volume": 12113, "typical_volume": 11921.0, "trend": 1227.996663, "fair_value": 1020.450194, "relative_strength": -3.37529, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.557868, "energy": 14.773967, "activity_lines": [ 1234.224642, 1222.851259, 1225.214706, 1228.100706 ] }, { "date": "2026-04-24", "close": 1332.900024, "volume": 13320, "typical_volume": 12131.65, "trend": 1232.593998, "fair_value": 1024.68295, "relative_strength": 1.549309, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 77.521183, "energy": 57.462607, "activity_lines": [ 1273.26132, 1243.955993, 1234.876423, 1234.868664 ] }, { "date": "2026-05-01", "close": 1334.810059, "volume": 16328, "typical_volume": 12436.85, "trend": 1237.235002, "fair_value": 1028.899361, "relative_strength": 0.330057, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.167149, "energy": 78.823798, "activity_lines": [ 1303.753345, 1262.939278, 1244.341334, 1241.463249 ] }, { "date": "2026-05-08", "close": 1417.579956, "volume": 14983, "typical_volume": 12610.75, "trend": 1243.927002, "fair_value": 1033.622886, "relative_strength": 4.125102, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.231116, "energy": 94.759855, "activity_lines": [ 1350.27133, 1294.812724, 1261.35371, 1253.098407 ] }, { "date": "2026-05-15", "close": 1444.26001, "volume": 15736, "typical_volume": 12887.75, "trend": 1251.705335, "fair_value": 1038.413719, "relative_strength": 6.202889, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.151715, "energy": 96.363461, "activity_lines": [ 1390.67867, 1327.784908, 1280.012902, 1266.023118 ] }, { "date": "2026-05-22", "close": 1465.849976, "volume": 10672, "typical_volume": 13363.5, "trend": 1260.347669, "fair_value": 1043.162758, "relative_strength": 6.734877, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.65766, "energy": 95.225663, "activity_lines": [ 1424.103329, 1360.943994, 1299.751329, 1279.838901 ] }, { "date": "2026-05-29", "close": 1491.469971, "volume": 16127, "typical_volume": 13241.85, "trend": 1268.835335, "fair_value": 1047.882629, "relative_strength": 7.231465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.000756, "energy": 94.789987, "activity_lines": [ 1454.899984, 1394.404899, 1320.869469, 1294.750017 ] }, { "date": "2026-06-05", "close": 1474.920044, "volume": 3653, "typical_volume": 13012.5, "trend": 1275.126668, "fair_value": 1052.393848, "relative_strength": 6.142862, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.528347, "energy": 89.898026, "activity_lines": [ 1469.608667, 1419.469636, 1339.34014, 1308.045805 ] }, { "date": "2026-06-12", "close": 1471.369995, "volume": 3897, "typical_volume": 12322.75, "trend": 1283.409668, "fair_value": 1056.898207, "relative_strength": 2.472677, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.31704, "energy": 86.656744, "activity_lines": [ 1473.793335, 1438.187635, 1356.470188, 1320.706665 ] }, { "date": "2026-06-19", "close": 1520.73999, "volume": 1343, "typical_volume": 11770.8, "trend": 1292.766333, "fair_value": 1061.591989, "relative_strength": 3.098829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.709188, "energy": 87.448277, "activity_lines": [ 1490.848665, 1460.811998, 1377.243997, 1336.018298 ] }, { "date": "2026-06-26", "close": 1475.569946, "volume": 1951, "typical_volume": 10984.15, "trend": 1301.95033, "fair_value": 1066.076668, "relative_strength": 3.033875, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.182255, "energy": 65.899923, "activity_lines": [ 1487.748649, 1469.965989, 1392.379278, 1347.81208 ] }, { "date": "2026-07-03", "close": 1488.280029, "volume": 875, "typical_volume": 10479.85, "trend": 1309.780664, "fair_value": 1070.555578, "relative_strength": 0.837262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.747699, "energy": 64.836638, "activity_lines": [ 1488.237329, 1478.208358, 1407.464472, 1359.833351 ] }, { "date": "2026-07-10", "close": 1495.089966, "volume": 10871, "typical_volume": 10589.7, "trend": 1317.470996, "fair_value": 1075.112116, "relative_strength": 1.656863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.428314, "energy": 64.677166, "activity_lines": [ 1491.208651, 1484.863807, 1421.811755, 1371.78879 ] }, { "date": "2026-07-17", "close": 1434.369995, "volume": 10913, "typical_volume": 10504.55, "trend": 1324.289661, "fair_value": 1079.219424, "relative_strength": -1.083401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.254355, "energy": 51.238421, "activity_lines": [ 1472.595321, 1477.565081, 1429.047517, 1379.33066 ] }, { "date": "2026-07-24", "close": 1429.219971, "volume": 14056, "typical_volume": 10556.35, "trend": 1330.626994, "fair_value": 1083.299167, "relative_strength": -1.250122, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.251599, "energy": 40.335024, "activity_lines": [ 1454.731982, 1469.024714, 1434.730133, 1386.100358 ] }, { "date": "2026-07-31", "close": 1401.550049, "volume": 16825, "typical_volume": 10870.35, "trend": 1335.905664, "fair_value": 1087.073975, "relative_strength": -3.781977, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.891415, "energy": 27.636299, "activity_lines": [ 1433.746672, 1455.726907, 1436.869996, 1390.676039 ] }, { "date": "2026-08-07", "close": 1476.939941, "volume": 15970, "typical_volume": 11027.85, "trend": 1342.920329, "fair_value": 1091.439423, "relative_strength": -1.466103, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.248657, "energy": 30.60425, "activity_lines": [ 1442.825985, 1457.305442, 1445.355086, 1399.775024 ] } ], "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." } } }