{ "ticker": { "uuid": "8bb9cc2a-7dad-416f-958f-9ace9ab985b2", "symbol": "CVLC", "name": "MORGAN STANLEY ETF TRUST CALVERT US LARGE CAP CORE RESPNSBLE INDX", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 95.912, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 82.921, "architecture_energy": 59.675, "architecture_maturity": 59.232, "architecture_confidence": 75.255, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 20.37, "rotation_up": 55.45, "upward_expansion": 82.51, "deceleration": 64.58, "rotation_down": 27.41, "downward_expansion": 9.17 }, "activity_lines": [ 94.764053, 94.221196, 93.014991, 90.884867 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 97.28, "trend_reference": 88.486629, "distance_from_trend": 0.099375, "trend_direction": "Improving", "fair_value": 72.451869, "distance_from_fair_value": 0.342684, "fair_value_direction": "Improving", "relative_strength": 1.230171, "relative_strength_direction": "Improving", "price_momentum": 0.139074, "excess_performance": 0.013449, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.099375, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039192, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.342684, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.01654, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.012302, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.007613, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.139074, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.901481, "read": "Supply-led" } ], "volume": { "latest": 250469, "relative_activity": 1.656653, "balance": 0.901481, "dry_up": 1.544261, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.02371, "annualized_volatility": 0.143583, "from_high_reference": -0.003585, "from_low_reference": 0.257172 }, "levels": { "trend_reference": 88.486629, "fair_value_reference": 72.451869, "structural_low": 77.38, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.007846, "positive_rate": 0.705882, "directional_follow_through": 0.705882, "median_excess_return": -0.000491, "regime_survival": 0.823529, "best_return": 0.063061, "worst_return": -0.047359, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.050468, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.003441, "regime_survival": 0.666667, "best_return": 0.141322, "worst_return": -0.061715, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.082363, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.001752, "regime_survival": 0.666667, "best_return": 0.092098, "worst_return": 0.070885, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.20305, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.009625, "regime_survival": 1.0, "best_return": 0.20305, "worst_return": 0.20305, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.060811, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-10", "tenure": "Established", "return": 0.086861, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.008771, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.017812, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.027649, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.104095, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.088407, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-30", "end": "2025-06-06", "tenure": "New", "return": 0.01633, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-18", "tenure": "Developing", "return": 0.059263, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2026-02-13", "tenure": "Extended", "return": 0.072824, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-13", "tenure": "New", "return": -0.048829, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.0556, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.016082, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.061849, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 52.627426, "volume": 35419, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 53.165483, "volume": 54709, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 54.663642, "volume": 24804, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 53.798503, "volume": 24508, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 53.613815, "volume": 68618, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 51.98986, "volume": 22282, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 51.766412, "volume": 27716, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 51.956396, "volume": 29922, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 51.891317, "volume": 15441, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 50.598876, "volume": 7151, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 49.272096, "volume": 21591, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 52.376834, "volume": 26233, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 53.109146, "volume": 16372, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 54.487289, "volume": 6280, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 55.046834, "volume": 7169, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 55.721071, "volume": 31018, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 55.983431, "volume": 21833, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 57.690667, "volume": 20764, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 58.107845, "volume": 21579, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 58.291611, "volume": 42028, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 57.183646, "volume": 45462, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 58.306355, "volume": 12750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 59.128418, "volume": 17271, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 59.704712, "volume": 26115, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 60.408724, "volume": 23586, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 61.367489, "volume": 16357, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 61.112932, "volume": 18608, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 62.085171, "volume": 20270, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 62.742509, "volume": 110762, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 62.560404, "volume": 92299, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 62.364921, "volume": 65966, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 63.896516, "volume": 39276, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 64.251486, "volume": 129483, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 63.306499, "volume": 84233, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 62.285447, "volume": 29532, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 60.342903, "volume": 69238, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 62.321766, "volume": 80794, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 62.594504, "volume": 199925, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 63.779041, "volume": 130981, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 64.766907, "volume": 79166, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 64.857558, "volume": 43647, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 64.256968, "volume": 16129, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 65.012527, "volume": 31962, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 66.187275, "volume": 73711, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 66.638672, "volume": 88420, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 66.620858, "volume": 35514, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 67.768594, "volume": 20808, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 68.657155, "volume": 73276, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 67.280971, "volume": 119258, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 66.726884, "volume": 43203, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 64.949763, "volume": 109552, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 64.985399, "volume": 196395, "typical_volume": 82761.35, "trend": 63.765432, "fair_value": 56.606638, "relative_strength": -0.528245, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.348269, "energy": 23.413364, "activity_lines": [ 65.875053, 66.43193, 65.710389, 64.942652 ] }, { "date": "2024-08-16", "close": 67.64097, "volume": 130527, "typical_volume": 82813.55, "trend": 64.049184, "fair_value": 56.742864, "relative_strength": -0.441994, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.662044, "energy": 26.295287, "activity_lines": [ 66.248698, 66.642505, 65.97338, 65.192687 ] }, { "date": "2024-08-23", "close": 68.828859, "volume": 43407, "typical_volume": 80772.25, "trend": 64.353322, "fair_value": 56.890254, "relative_strength": -0.101403, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.262329, "energy": 37.373549, "activity_lines": [ 67.086052, 67.021269, 66.333364, 65.501053 ] }, { "date": "2024-08-30", "close": 68.937242, "volume": 117910, "typical_volume": 85191.15, "trend": 64.637606, "fair_value": 57.035399, "relative_strength": -0.210464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.822004, "energy": 50.360532, "activity_lines": [ 67.856341, 67.371711, 66.677373, 65.79679 ] }, { "date": "2024-09-06", "close": 65.963101, "volume": 125534, "typical_volume": 88005.95, "trend": 64.790793, "fair_value": 57.141681, "relative_strength": -0.388952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.748589, "energy": 42.141284, "activity_lines": [ 67.487893, 67.139607, 66.706454, 65.882306 ] }, { "date": "2024-09-13", "close": 68.838677, "volume": 42386, "typical_volume": 86085.55, "trend": 65.048318, "fair_value": 57.279293, "relative_strength": -0.055765, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.327357, "energy": 51.926284, "activity_lines": [ 68.010414, 67.442295, 66.982638, 66.143459 ] }, { "date": "2024-09-20", "close": 69.798805, "volume": 22083, "typical_volume": 77193.45, "trend": 65.305439, "fair_value": 57.424868, "relative_strength": -0.087845, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.936166, "energy": 56.768692, "activity_lines": [ 68.596092, 67.900096, 67.319229, 66.449942 ] }, { "date": "2024-09-27", "close": 70.232535, "volume": 26943, "typical_volume": 71991.55, "trend": 65.555107, "fair_value": 57.572083, "relative_strength": -0.035944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.409622, "energy": 51.396863, "activity_lines": [ 69.182491, 68.415999, 67.662822, 66.76782 ] }, { "date": "2024-10-04", "close": 70.122802, "volume": 51011, "typical_volume": 70583.8, "trend": 65.807187, "fair_value": 57.714705, "relative_strength": -0.451798, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.699526, "energy": 68.47418, "activity_lines": [ 69.638735, 68.858286, 67.965233, 67.06251 ] }, { "date": "2024-10-11", "close": 71.111981, "volume": 41351, "typical_volume": 70469.0, "trend": 66.098755, "fair_value": 57.865236, "relative_strength": -0.209733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.831478, "energy": 73.50795, "activity_lines": [ 70.345667, 69.41868, 68.336347, 67.404754 ] }, { "date": "2024-10-18", "close": 71.842327, "volume": 90139, "typical_volume": 74169.5, "trend": 66.363616, "fair_value": 58.020537, "relative_strength": -0.066531, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.130004, "energy": 78.900843, "activity_lines": [ 70.952789, 69.999824, 68.747235, 67.775307 ] }, { "date": "2024-10-25", "close": 71.085901, "volume": 29825, "typical_volume": 74062.65, "trend": 66.59143, "fair_value": 58.164112, "relative_strength": -0.189095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.809632, "energy": 71.363295, "activity_lines": [ 71.107526, 70.318764, 69.049962, 68.079971 ] }, { "date": "2024-11-01", "close": 70.229681, "volume": 77880, "typical_volume": 74271.1, "trend": 66.822202, "fair_value": 58.29526, "relative_strength": -0.023275, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.512181, "energy": 61.258967, "activity_lines": [ 70.89105, 70.419392, 69.242223, 68.314697 ] }, { "date": "2024-11-08", "close": 73.738705, "volume": 74111, "typical_volume": 73555.65, "trend": 67.203978, "fair_value": 58.461318, "relative_strength": 0.190476, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.252633, "energy": 74.386452, "activity_lines": [ 71.844439, 71.132556, 69.749428, 68.760923 ] }, { "date": "2024-11-15", "close": 71.403194, "volume": 41144, "typical_volume": 73837.15, "trend": 67.572654, "fair_value": 58.598998, "relative_strength": -0.912977, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.354794, "energy": 50.714706, "activity_lines": [ 71.778264, 71.333782, 70.000393, 69.03184 ] }, { "date": "2024-11-22", "close": 73.826984, "volume": 424620, "typical_volume": 94027.75, "trend": 67.956161, "fair_value": 58.759293, "relative_strength": 0.748914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.605404, "energy": 58.93795, "activity_lines": [ 72.500605, 71.876786, 70.459422, 69.435345 ] }, { "date": "2024-11-29", "close": 74.569828, "volume": 41384, "typical_volume": 92433.15, "trend": 68.355339, "fair_value": 58.923986, "relative_strength": 0.562037, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.830878, "energy": 77.792149, "activity_lines": [ 73.33825, 72.464156, 70.960349, 69.862033 ] }, { "date": "2024-12-06", "close": 75.285116, "volume": 159499, "typical_volume": 94445.2, "trend": 68.738875, "fair_value": 59.092657, "relative_strength": 0.639178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.585486, "energy": 85.664072, "activity_lines": [ 74.182062, 73.094833, 71.501243, 70.309116 ] }, { "date": "2024-12-13", "close": 74.714303, "volume": 112355, "typical_volume": 97902.8, "trend": 69.070455, "fair_value": 59.252062, "relative_strength": 0.477931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.77888, "energy": 87.184553, "activity_lines": [ 74.498575, 73.529861, 71.949658, 70.694627 ] }, { "date": "2024-12-20", "close": 73.061406, "volume": 70266, "typical_volume": 95938.5, "trend": 69.343916, "fair_value": 59.39155, "relative_strength": 0.103277, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.546207, "energy": 72.420302, "activity_lines": [ 74.199082, 73.58088, 72.20262, 70.952108 ] }, { "date": "2024-12-27", "close": 73.510636, "volume": 28901, "typical_volume": 87563.8, "trend": 69.652372, "fair_value": 59.532741, "relative_strength": 0.075764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.916121, "energy": 52.095891, "activity_lines": [ 73.938785, 73.678133, 72.459739, 71.220929 ] }, { "date": "2025-01-03", "close": 73.232571, "volume": 84224, "typical_volume": 85248.65, "trend": 69.926373, "fair_value": 59.668383, "relative_strength": 0.213525, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.00927, "energy": 36.945653, "activity_lines": [ 73.606889, 73.694495, 72.649779, 71.451909 ] }, { "date": "2025-01-10", "close": 71.692703, "volume": 43459, "typical_volume": 85251.25, "trend": 70.109887, "fair_value": 59.786268, "relative_strength": 0.049082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.783672, "energy": 22.770344, "activity_lines": [ 72.850855, 73.391852, 72.666538, 71.565866 ] }, { "date": "2025-01-17", "close": 73.93637, "volume": 25219, "typical_volume": 80616.7, "trend": 70.353144, "fair_value": 59.923648, "relative_strength": 0.235738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.219787, "energy": 23.539527, "activity_lines": [ 73.082204, 73.470547, 72.883342, 71.812736 ] }, { "date": "2025-01-24", "close": 75.350285, "volume": 30914, "typical_volume": 75885.7, "trend": 70.644125, "fair_value": 60.071981, "relative_strength": 0.408808, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.211656, "energy": 36.547276, "activity_lines": [ 73.836719, 73.802724, 73.210999, 72.135132 ] }, { "date": "2025-01-31", "close": 74.584891, "volume": 66846, "typical_volume": 77108.7, "trend": 70.871335, "fair_value": 60.210199, "relative_strength": 0.401906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.567191, "energy": 36.665007, "activity_lines": [ 74.183512, 73.923974, 73.421061, 72.389375 ] }, { "date": "2025-02-07", "close": 74.15057, "volume": 43791, "typical_volume": 78194.1, "trend": 71.054449, "fair_value": 60.341712, "relative_strength": 0.000811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.317319, "energy": 41.299856, "activity_lines": [ 74.313914, 73.952475, 73.562396, 72.600939 ] }, { "date": "2025-02-14", "close": 75.065014, "volume": 66958, "typical_volume": 80194.85, "trend": 71.313917, "fair_value": 60.479313, "relative_strength": -0.236311, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.252894, "energy": 55.333285, "activity_lines": [ 74.687931, 74.154862, 73.770099, 72.859685 ] }, { "date": "2025-02-21", "close": 73.684069, "volume": 30698, "typical_volume": 79179.2, "trend": 71.545823, "fair_value": 60.601579, "relative_strength": -0.46301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.725959, "energy": 35.532473, "activity_lines": [ 74.376812, 74.11017, 73.823271, 73.012598 ] }, { "date": "2025-02-28", "close": 72.829837, "volume": 37568, "typical_volume": 78990.05, "trend": 71.808492, "fair_value": 60.713765, "relative_strength": -0.642529, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.616753, "energy": 17.919404, "activity_lines": [ 73.797769, 73.928895, 73.778129, 73.095437 ] }, { "date": "2025-03-07", "close": 70.638881, "volume": 81002, "typical_volume": 78533.2, "trend": 71.996941, "fair_value": 60.803993, "relative_strength": -0.557976, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -7.327572, "energy": 13.008313, "activity_lines": [ 72.656437, 73.353474, 73.516144, 73.019979 ] }, { "date": "2025-03-14", "close": 68.685815, "volume": 123566, "typical_volume": 83220.25, "trend": 72.03177, "fair_value": 60.875001, "relative_strength": -1.032455, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.78214, "energy": 38.178894, "activity_lines": [ 71.127151, 72.475165, 73.073884, 72.806358 ] }, { "date": "2025-03-21", "close": 68.992505, "volume": 48182, "typical_volume": 81735.35, "trend": 72.037225, "fair_value": 60.947479, "relative_strength": -1.066175, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.476027, "energy": 58.85333, "activity_lines": [ 70.064411, 71.735285, 72.672261, 72.610276 ] }, { "date": "2025-03-28", "close": 67.906798, "volume": 46655, "typical_volume": 80362.55, "trend": 72.002876, "fair_value": 61.009065, "relative_strength": -1.13141, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.31886, "energy": 72.411329, "activity_lines": [ 69.044604, 70.847098, 72.173129, 72.343797 ] }, { "date": "2025-04-04", "close": 61.810706, "volume": 93698, "typical_volume": 82990.25, "trend": 71.864463, "fair_value": 61.016097, "relative_strength": -1.013527, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -94.990812, "energy": 94.155394, "activity_lines": [ 66.377917, 68.96016, 71.121188, 71.686237 ] }, { "date": "2025-04-11", "close": 65.174442, "volume": 90263, "typical_volume": 66272.4, "trend": 71.742322, "fair_value": 61.052257, "relative_strength": -1.207406, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.194561, "energy": 83.819433, "activity_lines": [ 65.567084, 67.930984, 70.435281, 71.254623 ] }, { "date": "2025-04-18", "close": 64.266263, "volume": 50456, "typical_volume": 66726.0, "trend": 71.557904, "fair_value": 61.079964, "relative_strength": -1.170127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.894421, "energy": 85.024227, "activity_lines": [ 64.81782, 66.907784, 69.704084, 70.772297 ] }, { "date": "2025-04-25", "close": 67.324205, "volume": 94342, "typical_volume": 63468.15, "trend": 71.46096, "fair_value": 61.133333, "relative_strength": -0.993916, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.530726, "energy": 62.737147, "activity_lines": [ 65.382508, 66.620288, 69.313183, 70.499155 ] }, { "date": "2025-05-02", "close": 69.296331, "volume": 37522, "typical_volume": 59726.5, "trend": 71.433411, "fair_value": 61.202511, "relative_strength": -0.965801, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.123081, "energy": 41.034223, "activity_lines": [ 66.71579, 66.832103, 69.148014, 70.359501 ] }, { "date": "2025-05-09", "close": 69.140662, "volume": 185518, "typical_volume": 65489.1, "trend": 71.3677, "fair_value": 61.269219, "relative_strength": -0.741472, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.636246, "energy": 25.257318, "activity_lines": [ 67.904548, 67.095391, 68.993818, 70.211582 ] }, { "date": "2025-05-16", "close": 72.886295, "volume": 393032, "typical_volume": 83695.65, "trend": 71.402499, "fair_value": 61.366028, "relative_strength": -0.603564, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.880043, "energy": 20.333274, "activity_lines": [ 69.853186, 68.106779, 69.21502, 70.309556 ] }, { "date": "2025-05-23", "close": 70.936337, "volume": 141506, "typical_volume": 86559.75, "trend": 71.397513, "fair_value": 61.445121, "relative_strength": -0.717839, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.452107, "energy": 24.680699, "activity_lines": [ 70.637715, 68.722767, 69.253484, 70.279481 ] }, { "date": "2025-05-30", "close": 72.262435, "volume": 76549, "typical_volume": 88214.25, "trend": 71.465272, "fair_value": 61.533787, "relative_strength": -0.613701, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.978358, "energy": 20.463791, "activity_lines": [ 71.419604, 69.538945, 69.429178, 70.335282 ] }, { "date": "2025-06-06", "close": 73.442464, "volume": 58811, "typical_volume": 89893.85, "trend": 71.455397, "fair_value": 61.630606, "relative_strength": -0.623509, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.40679, "energy": 33.499842, "activity_lines": [ 72.265622, 70.510221, 69.714543, 70.462843 ] }, { "date": "2025-06-13", "close": 72.794755, "volume": 37142, "typical_volume": 90205.25, "trend": 71.501783, "fair_value": 61.720639, "relative_strength": -1.122886, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.571895, "energy": 39.33211, "activity_lines": [ 72.619327, 71.263083, 69.940573, 70.549253 ] }, { "date": "2025-06-20", "close": 72.85621, "volume": 67168, "typical_volume": 90221.35, "trend": 71.469423, "fair_value": 61.809724, "relative_strength": -0.860053, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.799312, "energy": 40.932405, "activity_lines": [ 72.749911, 71.827408, 70.184625, 70.636636 ] }, { "date": "2025-06-27", "close": 75.514632, "volume": 208770, "typical_volume": 98470.3, "trend": 71.500917, "fair_value": 61.918493, "relative_strength": -0.672589, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.940614, "energy": 52.000496, "activity_lines": [ 73.768642, 72.735415, 70.690092, 70.897617 ] }, { "date": "2025-07-04", "close": 77.068878, "volume": 60153, "typical_volume": 98130.05, "trend": 71.560376, "fair_value": 62.037787, "relative_strength": -0.311872, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.045645, "energy": 67.373647, "activity_lines": [ 75.000235, 73.721496, 71.337086, 71.25684 ] }, { "date": "2025-07-11", "close": 76.640356, "volume": 51456, "typical_volume": 99167.95, "trend": 71.624577, "fair_value": 62.15187, "relative_strength": -0.573696, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.813754, "energy": 74.738323, "activity_lines": [ 75.768558, 74.452488, 71.933727, 71.584581 ] }, { "date": "2025-07-18", "close": 77.108763, "volume": 61000, "typical_volume": 100339.55, "trend": 71.759489, "fair_value": 62.267815, "relative_strength": -0.578521, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.375036, "energy": 87.311749, "activity_lines": [ 76.479823, 75.135117, 72.560901, 71.938399 ] }, { "date": "2025-07-25", "close": 78.461399, "volume": 122980, "typical_volume": 102438.45, "trend": 71.924515, "fair_value": 62.392381, "relative_strength": -0.331752, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.354832, "energy": 92.294919, "activity_lines": [ 77.354367, 75.918806, 73.296521, 72.370781 ] }, { "date": "2025-08-01", "close": 76.224039, "volume": 122211, "typical_volume": 102370.7, "trend": 72.02423, "fair_value": 62.497966, "relative_strength": -0.76633, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.869646, "energy": 84.546853, "activity_lines": [ 77.109445, 76.194336, 73.781809, 72.648169 ] }, { "date": "2025-08-08", "close": 77.826405, "volume": 80313, "typical_volume": 103977.25, "trend": 72.228687, "fair_value": 62.614091, "relative_strength": -1.118605, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.227993, "energy": 79.091596, "activity_lines": [ 77.351351, 76.665065, 74.383808, 73.022503 ] }, { "date": "2025-08-15", "close": 78.631359, "volume": 342036, "typical_volume": 118746.3, "trend": 72.385187, "fair_value": 62.734521, "relative_strength": -1.047219, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.340486, "energy": 81.583915, "activity_lines": [ 77.811073, 77.180987, 75.020402, 73.435579 ] }, { "date": "2025-08-22", "close": 79.077045, "volume": 285140, "typical_volume": 128318.4, "trend": 72.509412, "fair_value": 62.85648, "relative_strength": -0.752733, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.894058, "energy": 67.36047, "activity_lines": [ 78.286624, 77.683599, 75.648373, 73.867312 ] }, { "date": "2025-08-29", "close": 78.981697, "volume": 50749, "typical_volume": 126342.7, "trend": 72.655972, "fair_value": 62.975926, "relative_strength": -0.8112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.447765, "energy": 77.148201, "activity_lines": [ 78.599173, 78.054651, 76.185043, 74.284878 ] }, { "date": "2025-09-05", "close": 79.356938, "volume": 54051, "typical_volume": 126522.45, "trend": 72.829518, "fair_value": 63.096375, "relative_strength": -0.661985, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.819477, "energy": 78.057184, "activity_lines": [ 79.002116, 78.382557, 76.691701, 74.717199 ] }, { "date": "2025-09-12", "close": 80.475519, "volume": 39573, "typical_volume": 123784.0, "trend": 73.009868, "fair_value": 63.22323, "relative_strength": -0.7955, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.26292, "energy": 73.671007, "activity_lines": [ 79.569059, 78.843981, 77.233031, 75.210489 ] }, { "date": "2025-09-19", "close": 81.408563, "volume": 113824, "typical_volume": 127599.1, "trend": 73.267351, "fair_value": 63.355008, "relative_strength": -0.844306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.869532, "energy": 73.282297, "activity_lines": [ 80.27041, 79.41311, 77.800596, 75.75234 ] }, { "date": "2025-09-26", "close": 80.861327, "volume": 104019, "typical_volume": 123524.15, "trend": 73.535067, "fair_value": 63.480953, "relative_strength": -1.197185, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.315934, "energy": 71.447019, "activity_lines": [ 80.604201, 79.796047, 78.258366, 76.242274 ] }, { "date": "2025-10-03", "close": 82.112439, "volume": 146689, "typical_volume": 111207.0, "trend": 73.917519, "fair_value": 63.614035, "relative_strength": -0.758461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.134386, "energy": 79.942691, "activity_lines": [ 81.236078, 80.338231, 78.779478, 76.795653 ] }, { "date": "2025-10-10", "close": 79.928189, "volume": 103854, "typical_volume": 109324.4, "trend": 74.292265, "fair_value": 63.729738, "relative_strength": -0.97589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.963697, "energy": 62.747233, "activity_lines": [ 80.931155, 80.416895, 79.048631, 77.183438 ] }, { "date": "2025-10-17", "close": 81.318845, "volume": 154847, "typical_volume": 113239.3, "trend": 74.703143, "fair_value": 63.853605, "relative_strength": -0.94652, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.252798, "energy": 59.27634, "activity_lines": [ 81.051701, 80.681058, 79.40741, 77.636766 ] }, { "date": "2025-10-24", "close": 82.999726, "volume": 64762, "typical_volume": 113536.85, "trend": 75.206241, "fair_value": 63.987494, "relative_strength": -0.792611, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.944275, "energy": 64.596303, "activity_lines": [ 81.676319, 81.187337, 79.883146, 78.172029 ] }, { "date": "2025-10-31", "close": 83.656165, "volume": 65262, "typical_volume": 114942.85, "trend": 75.934423, "fair_value": 64.124082, "relative_strength": -0.68497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.967562, "energy": 68.385426, "activity_lines": [ 82.413672, 81.733544, 80.37589, 78.717186 ] }, { "date": "2025-11-07", "close": 82.591938, "volume": 57057, "typical_volume": 114437.3, "trend": 76.515006, "fair_value": 64.251446, "relative_strength": -0.301864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.544115, "energy": 60.988034, "activity_lines": [ 82.60996, 82.002998, 80.715558, 79.146703 ] }, { "date": "2025-11-14", "close": 82.539721, "volume": 55098, "typical_volume": 106753.7, "trend": 77.124121, "fair_value": 64.376709, "relative_strength": -0.498929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.540683, "energy": 57.737716, "activity_lines": [ 82.756877, 82.197317, 81.003892, 79.535394 ] }, { "date": "2025-11-21", "close": 81.138423, "volume": 98677, "typical_volume": 108679.9, "trend": 77.584595, "fair_value": 64.490734, "relative_strength": -0.236983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.761112, "energy": 47.118797, "activity_lines": [ 82.262591, 82.078986, 81.125317, 79.794381 ] }, { "date": "2025-11-28", "close": 84.152472, "volume": 62974, "typical_volume": 109255.8, "trend": 78.0798, "fair_value": 64.623583, "relative_strength": -0.186413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.137184, "energy": 48.937176, "activity_lines": [ 82.785017, 82.496612, 81.514415, 80.218115 ] }, { "date": "2025-12-05", "close": 84.312604, "volume": 65764, "typical_volume": 109494.0, "trend": 78.585531, "fair_value": 64.755724, "relative_strength": -0.294581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.559002, "energy": 50.933009, "activity_lines": [ 83.28397, 82.893462, 81.882992, 80.620232 ] }, { "date": "2025-12-12", "close": 83.89487, "volume": 153468, "typical_volume": 111018.4, "trend": 78.952484, "fair_value": 64.883319, "relative_strength": -0.184035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.45634, "energy": 48.663774, "activity_lines": [ 83.599917, 83.151611, 82.17748, 80.96277 ] }, { "date": "2025-12-19", "close": 83.934654, "volume": 125037, "typical_volume": 111159.7, "trend": 79.385761, "fair_value": 65.009487, "relative_strength": -0.230583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.361906, "energy": 50.900853, "activity_lines": [ 83.842262, 83.384585, 82.449884, 81.2842 ] }, { "date": "2025-12-26", "close": 85.083358, "volume": 99149, "typical_volume": 112101.5, "trend": 79.813125, "fair_value": 65.141551, "relative_strength": -0.262245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.430667, "energy": 61.057814, "activity_lines": [ 84.374513, 83.75357, 82.794971, 81.651787 ] }, { "date": "2026-01-02", "close": 84.424726, "volume": 195485, "typical_volume": 104773.95, "trend": 80.1792, "fair_value": 65.267585, "relative_strength": 0.024668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.021089, "energy": 49.347396, "activity_lines": [ 84.424225, 83.934358, 83.042774, 81.94931 ] }, { "date": "2026-01-09", "close": 85.871721, "volume": 88325, "typical_volume": 94933.2, "trend": 80.615099, "fair_value": 65.401378, "relative_strength": 0.160423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.000742, "energy": 60.164031, "activity_lines": [ 84.938117, 84.352327, 83.400799, 82.316569 ] }, { "date": "2026-01-16", "close": 85.552384, "volume": 89128, "typical_volume": 96852.15, "trend": 81.038305, "fair_value": 65.531385, "relative_strength": 0.158782, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.091612, "energy": 63.106146, "activity_lines": [ 85.241623, 84.671951, 83.696055, 82.635104 ] }, { "date": "2026-01-23", "close": 84.92369, "volume": 104864, "typical_volume": 99392.8, "trend": 81.35194, "fair_value": 65.655695, "relative_strength": -0.192939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.920164, "energy": 49.209358, "activity_lines": [ 85.225064, 84.823442, 83.900146, 82.885774 ] }, { "date": "2026-01-30", "close": 85.023482, "volume": 210115, "typical_volume": 107919.9, "trend": 81.617094, "fair_value": 65.879463, "relative_strength": -0.432373, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.500426, "energy": 45.925623, "activity_lines": [ 85.175833, 84.949731, 84.087234, 83.122647 ] }, { "date": "2026-02-06", "close": 85.402695, "volume": 134062, "typical_volume": 108931.8, "trend": 81.909172, "fair_value": 66.111268, "relative_strength": 0.226108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.692744, "energy": 42.363126, "activity_lines": [ 85.256997, 85.074331, 84.288779, 83.36688 ] }, { "date": "2026-02-13", "close": 84.175244, "volume": 142246, "typical_volume": 110843.15, "trend": 82.144721, "fair_value": 66.334089, "relative_strength": 0.087877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.80587, "energy": 28.687989, "activity_lines": [ 84.863814, 84.953026, 84.354405, 83.513078 ] }, { "date": "2026-02-20", "close": 85.073379, "volume": 92252, "typical_volume": 108121.3, "trend": 82.365121, "fair_value": 66.571846, "relative_strength": 0.042377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.183924, "energy": 27.969762, "activity_lines": [ 84.883107, 84.997517, 84.489787, 83.702023 ] }, { "date": "2026-02-27", "close": 84.63429, "volume": 111813, "typical_volume": 108519.25, "trend": 82.645462, "fair_value": 66.800597, "relative_strength": 0.03497, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.727553, "energy": 23.964675, "activity_lines": [ 84.787971, 84.940745, 84.569252, 83.848421 ] }, { "date": "2026-03-06", "close": 82.370091, "volume": 125132, "typical_volume": 107033.5, "trend": 82.796918, "fair_value": 67.031029, "relative_strength": -0.645997, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.868253, "energy": 12.178071, "activity_lines": [ 83.957396, 84.45958, 84.410668, 83.830656 ] }, { "date": "2026-03-13", "close": 80.919303, "volume": 85340, "typical_volume": 108062.4, "trend": 82.873183, "fair_value": 67.247621, "relative_strength": -0.889002, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -33.150376, "energy": 30.837442, "activity_lines": [ 82.820117, 83.763968, 84.108908, 83.709519 ] }, { "date": "2026-03-20", "close": 79.680874, "volume": 158682, "typical_volume": 112733.4, "trend": 82.893311, "fair_value": 67.452512, "relative_strength": -0.603095, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.360257, "energy": 56.310614, "activity_lines": [ 81.568921, 82.906922, 83.699109, 83.503564 ] }, { "date": "2026-03-27", "close": 78.05, "volume": 308444, "typical_volume": 125302.75, "trend": 82.862254, "fair_value": 67.635616, "relative_strength": -0.406072, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.997863, "energy": 74.170732, "activity_lines": [ 80.073725, 81.865914, 83.152919, 83.191092 ] }, { "date": "2026-04-03", "close": 80.8928, "volume": 125292, "typical_volume": 128812.45, "trend": 82.91345, "fair_value": 67.839822, "relative_strength": -0.194215, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.482546, "energy": 65.282631, "activity_lines": [ 79.994355, 81.478186, 82.8991, 83.06403 ] }, { "date": "2026-04-10", "close": 84.1111, "volume": 72488, "typical_volume": 127503.0, "trend": 83.034636, "fair_value": 68.061831, "relative_strength": 0.162325, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.11351, "energy": 30.438865, "activity_lines": [ 81.237183, 81.748892, 82.959629, 83.141298 ] }, { "date": "2026-04-17", "close": 88.0427, "volume": 83906, "typical_volume": 128549.6, "trend": 83.255774, "fair_value": 68.308428, "relative_strength": 0.306925, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.418051, "energy": 16.416486, "activity_lines": [ 83.674478, 82.751024, 83.38044, 83.464399 ] }, { "date": "2026-04-24", "close": 88.583361, "volume": 91828, "typical_volume": 129852.8, "trend": 83.513175, "fair_value": 68.557, "relative_strength": 0.379343, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.560514, "energy": 48.645459, "activity_lines": [ 85.8171, 83.803457, 83.834217, 83.808114 ] }, { "date": "2026-05-01", "close": 89.45859, "volume": 91503, "typical_volume": 126754.55, "trend": 83.758047, "fair_value": 68.812704, "relative_strength": 0.41997, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.177318, "energy": 60.76531, "activity_lines": [ 87.657966, 84.934875, 84.351013, 84.19169 ] }, { "date": "2026-05-08", "close": 91.613738, "volume": 255648, "typical_volume": 133285.1, "trend": 84.147565, "fair_value": 69.082755, "relative_strength": 0.468843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.533376, "energy": 87.771017, "activity_lines": [ 89.456642, 86.378407, 85.046566, 84.698508 ] }, { "date": "2026-05-15", "close": 91.38186, "volume": 312386, "typical_volume": 143946.95, "trend": 84.482999, "fair_value": 69.345239, "relative_strength": 0.011289, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.366577, "energy": 87.285066, "activity_lines": [ 90.463296, 87.652881, 85.68347, 85.165237 ] }, { "date": "2026-05-22", "close": 92.469711, "volume": 72193, "typical_volume": 137782.35, "trend": 84.798665, "fair_value": 69.613174, "relative_strength": 0.321906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.883595, "energy": 88.074425, "activity_lines": [ 91.34785, 88.961295, 86.393985, 85.680509 ] }, { "date": "2026-05-29", "close": 94.178563, "volume": 50913, "typical_volume": 135911.75, "trend": 85.149411, "fair_value": 69.885859, "relative_strength": 0.704155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.139172, "energy": 90.694194, "activity_lines": [ 92.506887, 90.370402, 87.228938, 86.285664 ] }, { "date": "2026-06-05", "close": 92.291013, "volume": 70802, "typical_volume": 134995.45, "trend": 85.472714, "fair_value": 70.145232, "relative_strength": 1.200653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.810616, "energy": 76.26371, "activity_lines": [ 92.663727, 91.172724, 87.844569, 86.746412 ] }, { "date": "2026-06-12", "close": 93.066866, "volume": 182719, "typical_volume": 138888.2, "trend": 85.823619, "fair_value": 70.399775, "relative_strength": 1.439857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.828694, "energy": 64.638809, "activity_lines": [ 92.890357, 91.857183, 88.502001, 87.236357 ] }, { "date": "2026-06-19", "close": 94.27774, "volume": 113093, "typical_volume": 134037.1, "trend": 86.261596, "fair_value": 70.667294, "relative_strength": 1.77713, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.491483, "energy": 65.501079, "activity_lines": [ 93.423736, 92.540454, 89.235978, 87.781785 ] }, { "date": "2026-06-26", "close": 92.68, "volume": 107543, "typical_volume": 132711.15, "trend": 86.545847, "fair_value": 70.916178, "relative_strength": 2.441256, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.202508, "energy": 56.480178, "activity_lines": [ 93.231476, 92.748378, 89.773722, 88.195875 ] }, { "date": "2026-07-03", "close": 93.91, "volume": 103173, "typical_volume": 130757.5, "trend": 86.86576, "fair_value": 71.177112, "relative_strength": 1.576751, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.744579, "energy": 58.054187, "activity_lines": [ 93.435198, 93.095625, 90.393954, 88.670982 ] }, { "date": "2026-07-10", "close": 94.655, "volume": 47958, "typical_volume": 128542.8, "trend": 87.224431, "fair_value": 71.433763, "relative_strength": 0.985769, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.113799, "energy": 62.062183, "activity_lines": [ 93.905156, 93.481478, 91.038782, 89.173513 ] }, { "date": "2026-07-17", "close": 93.2254, "volume": 420046, "typical_volume": 143954.45, "trend": 87.534123, "fair_value": 71.678473, "relative_strength": 1.002054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.280238, "energy": 54.743497, "activity_lines": [ 93.740983, 93.512924, 91.501832, 89.560673 ] }, { "date": "2026-07-24", "close": 92.745, "volume": 138240, "typical_volume": 144609.85, "trend": 87.789511, "fair_value": 71.917638, "relative_strength": 1.058855, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.550525, "energy": 46.326251, "activity_lines": [ 93.406107, 93.427721, 91.878219, 89.896858 ] }, { "date": "2026-07-31", "close": 93.93, "volume": 125151, "typical_volume": 146600.4, "trend": 88.106353, "fair_value": 72.172899, "relative_strength": 1.212396, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.368175, "energy": 47.984925, "activity_lines": [ 93.568413, 93.533188, 92.318059, 90.293019 ] }, { "date": "2026-08-07", "close": 97.28, "volume": 250469, "typical_volume": 151189.75, "trend": 88.486629, "fair_value": 72.451869, "relative_strength": 1.230171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.920853, "energy": 59.675082, "activity_lines": [ 94.764053, 94.221196, 93.014991, 90.884867 ] } ], "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." } } }