{ "ticker": { "uuid": "8befb8ef-8249-4e1c-8c0b-156e3a23f924", "symbol": "NUE", "name": "Nucor Corp", "exchange": "NYSE", "country": "US", "assetType": "equity" }, "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": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 79.958, "architecture_energy": 63.842, "architecture_maturity": 22.0, "architecture_confidence": 82.104, "architecture_tenure": "New", "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": 23.01, "rotation_up": 66.28, "upward_expansion": 80.85, "deceleration": 57.1, "rotation_down": 16.04, "downward_expansion": 9.85 }, "activity_lines": [ 255.705333, 247.60212, 240.519126, 226.911787 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 272.63, "trend_reference": 210.232855, "distance_from_trend": 0.2968, "trend_direction": "Improving", "fair_value": 159.063501, "distance_from_fair_value": 0.71397, "fair_value_direction": "Improving", "relative_strength": 33.393124, "relative_strength_direction": "Improving", "price_momentum": 0.418445, "excess_performance": 0.29282, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.2968, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.163524, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.71397, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.213073, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.333931, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.022356, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.418445, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.735173, "read": "Demand-led" } ], "volume": { "latest": 7784660, "relative_activity": 1.042798, "balance": 1.735173, "dry_up": 0.952724, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.069488, "annualized_volatility": 0.341544, "from_high_reference": -0.026704, "from_low_reference": 1.0901 }, "levels": { "trend_reference": 210.232855, "fair_value_reference": 159.063501, "structural_low": 154.627926, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 30, "median_return": 0.009217, "positive_rate": 0.533333, "directional_follow_through": 0.533333, "median_excess_return": -0.024363, "regime_survival": 0.7, "best_return": 0.132099, "worst_return": -0.182339, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.026731, "positive_rate": 0.454545, "directional_follow_through": 0.454545, "median_excess_return": -0.021925, "regime_survival": 0.363636, "best_return": 0.289843, "worst_return": -0.187366, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.06486, "positive_rate": 0.571429, "directional_follow_through": 0.571429, "median_excess_return": 0.036049, "regime_survival": 0.285714, "best_return": 0.36128, "worst_return": -0.217655, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.137145, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.079467, "regime_survival": 0.0, "best_return": 0.700747, "worst_return": -0.336846, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-24", "end": "2024-06-21", "tenure": "Developing", "return": -0.079932, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-06-28", "end": "2024-11-01", "tenure": "Established", "return": -0.088586, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-12-13", "tenure": "Developing", "return": -0.211471, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-20", "end": "2025-02-28", "tenure": "Developing", "return": 0.184747, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-28", "tenure": "New", "return": -0.08802, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-06-13", "tenure": "Developing", "return": 0.181166, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-11", "tenure": "New", "return": 0.150479, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-09-19", "tenure": "Developing", "return": -0.052123, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-26", "end": "2025-11-14", "tenure": "Developing", "return": 0.074207, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-21", "end": "2026-03-06", "tenure": "Established", "return": 0.11145, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-04-17", "tenure": "Developing", "return": 0.202096, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-10", "tenure": "Developing", "return": 0.061039, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-07-31", "tenure": "New", "return": 0.087401, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 161.689748, "volume": 6474552, "typical_volume": 7254751.3, "trend": 149.741267, "fair_value": 106.994834, "relative_strength": 6.455386, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 64.152679, "energy": 50.227405, "activity_lines": [ 160.900221, 159.282769, 152.050478, 149.859403 ] }, { "date": "2023-08-25", "close": 158.865892, "volume": 5321195, "typical_volume": 7050399.85, "trend": 149.728719, "fair_value": 107.745831, "relative_strength": 3.612803, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.41171, "energy": 41.617081, "activity_lines": [ 160.362984, 159.66103, 153.165252, 150.448088 ] }, { "date": "2023-09-01", "close": 165.762247, "volume": 4879744, "typical_volume": 6908230.0, "trend": 149.635586, "fair_value": 108.535746, "relative_strength": 5.151078, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.612375, "energy": 46.33602, "activity_lines": [ 162.024, 161.040628, 154.843869, 151.482509 ] }, { "date": "2023-09-08", "close": 158.424064, "volume": 5870083, "typical_volume": 6644016.45, "trend": 149.696105, "fair_value": 109.28426, "relative_strength": 1.685426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.508342, "energy": 38.098611, "activity_lines": [ 161.005875, 160.74951, 155.700829, 152.049508 ] }, { "date": "2023-09-15", "close": 149.280151, "volume": 10017830, "typical_volume": 6725460.2, "trend": 149.32586, "fair_value": 109.955265, "relative_strength": -4.296582, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.10675, "energy": 18.299222, "activity_lines": [ 157.120352, 158.779098, 155.632201, 152.022672 ] }, { "date": "2023-09-22", "close": 147.080617, "volume": 6545910, "typical_volume": 6594283.15, "trend": 149.058523, "fair_value": 110.635018, "relative_strength": -3.214361, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 14.4794, "energy": 15.353513, "activity_lines": [ 153.212418, 156.522808, 155.318871, 151.877818 ] }, { "date": "2023-09-29", "close": 150.658886, "volume": 6834678, "typical_volume": 6511088.45, "trend": 148.406596, "fair_value": 111.330708, "relative_strength": -0.520014, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.449412, "energy": 18.515955, "activity_lines": [ 151.471182, 155.155315, 155.294859, 151.981067 ] }, { "date": "2023-10-06", "close": 151.506854, "volume": 7161768, "typical_volume": 6584996.55, "trend": 148.402906, "fair_value": 112.015291, "relative_strength": -0.690824, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.548178, "energy": 21.010337, "activity_lines": [ 150.559735, 154.063798, 155.268324, 152.181084 ] }, { "date": "2023-10-13", "close": 141.70704, "volume": 7172367, "typical_volume": 6593576.9, "trend": 148.542065, "fair_value": 112.634298, "relative_strength": -7.575469, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -34.152097, "energy": 35.430587, "activity_lines": [ 147.332044, 151.386119, 154.219286, 151.749092 ] }, { "date": "2023-10-20", "close": 136.214519, "volume": 6884469, "typical_volume": 6592732.2, "trend": 148.354043, "fair_value": 113.213052, "relative_strength": -8.852976, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.359078, "energy": 57.253999, "activity_lines": [ 143.38798, 148.062992, 152.593092, 150.953767 ] }, { "date": "2023-10-27", "close": 142.71882, "volume": 8894596, "typical_volume": 6674379.95, "trend": 148.181142, "fair_value": 113.847754, "relative_strength": -2.13545, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.140012, "energy": 52.175132, "activity_lines": [ 142.483059, 146.353868, 151.581933, 150.590204 ] }, { "date": "2023-11-03", "close": 146.765941, "volume": 6454915, "typical_volume": 6560091.55, "trend": 148.428482, "fair_value": 114.504528, "relative_strength": -4.892798, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.886323, "energy": 43.428726, "activity_lines": [ 143.217965, 145.72551, 150.940243, 150.498901 ] }, { "date": "2023-11-10", "close": 147.064657, "volume": 5250694, "typical_volume": 6575182.5, "trend": 148.664714, "fair_value": 115.144211, "relative_strength": -5.966914, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.84976, "energy": 27.378818, "activity_lines": [ 144.311972, 145.371464, 150.318479, 150.410912 ] }, { "date": "2023-11-17", "close": 151.053962, "volume": 5111074, "typical_volume": 6517311.85, "trend": 148.802207, "fair_value": 115.804245, "relative_strength": -5.539569, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.785063, "energy": 8.563402, "activity_lines": [ 147.031895, 146.082701, 150.077553, 150.565057 ] }, { "date": "2023-11-24", "close": 151.439402, "volume": 3008550, "typical_volume": 6326856.1, "trend": 149.120749, "fair_value": 116.451968, "relative_strength": -6.106759, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.329874, "energy": 9.952332, "activity_lines": [ 149.257169, 146.998021, 149.904041, 150.735199 ] }, { "date": "2023-12-01", "close": 164.207104, "volume": 11597081, "typical_volume": 6636080.85, "trend": 150.051914, "fair_value": 117.173616, "relative_strength": 1.012189, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 52.253375, "energy": 36.512071, "activity_lines": [ 154.723351, 150.195482, 150.966085, 151.708512 ] }, { "date": "2023-12-08", "close": 156.189951, "volume": 6721980, "typical_volume": 6694705.55, "trend": 150.819251, "fair_value": 117.842582, "relative_strength": -4.035799, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 44.472596, "energy": 35.988871, "activity_lines": [ 156.084597, 151.623888, 151.245422, 152.104514 ] }, { "date": "2023-12-15", "close": 166.52938, "volume": 10169982, "typical_volume": 6867654.9, "trend": 151.944322, "fair_value": 118.593723, "relative_strength": -0.178686, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 66.295739, "energy": 61.633441, "activity_lines": [ 160.264052, 154.831625, 152.515029, 153.118071 ] }, { "date": "2023-12-22", "close": 171.578645, "volume": 7137238, "typical_volume": 6850367.2, "trend": 153.318451, "fair_value": 119.385971, "relative_strength": 1.804017, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.057733, "energy": 75.902725, "activity_lines": [ 164.828947, 158.684273, 154.245216, 154.384802 ] }, { "date": "2023-12-29", "close": 168.221901, "volume": 3238306, "typical_volume": 6737350.6, "trend": 154.416317, "fair_value": 120.149915, "relative_strength": -0.643516, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.701066, "energy": 75.811587, "activity_lines": [ 166.906615, 161.383485, 155.605971, 155.346314 ] }, { "date": "2024-01-05", "close": 164.867902, "volume": 6131325, "typical_volume": 6720189.25, "trend": 155.266417, "fair_value": 120.875631, "relative_strength": -1.049203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.229023, "energy": 71.427195, "activity_lines": [ 166.747451, 162.890926, 156.607867, 156.02061 ] }, { "date": "2024-01-12", "close": 163.244064, "volume": 6275322, "typical_volume": 6767895.6, "trend": 155.875357, "fair_value": 121.59419, "relative_strength": -3.61284, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.623149, "energy": 60.695284, "activity_lines": [ 166.002953, 163.700413, 157.439978, 156.535297 ] }, { "date": "2024-01-19", "close": 161.214266, "volume": 6857208, "typical_volume": 6866768.8, "trend": 156.340674, "fair_value": 122.303815, "relative_strength": -5.734432, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.767466, "energy": 37.444896, "activity_lines": [ 164.111583, 163.841244, 158.057927, 156.879743 ] }, { "date": "2024-01-26", "close": 169.246466, "volume": 7492780, "typical_volume": 6947903.65, "trend": 156.732157, "fair_value": 123.100689, "relative_strength": -1.775574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.440604, "energy": 39.400497, "activity_lines": [ 165.251953, 165.185209, 159.462504, 157.712375 ] }, { "date": "2024-02-02", "close": 177.259334, "volume": 13236474, "typical_volume": 7108835.85, "trend": 157.455728, "fair_value": 123.923807, "relative_strength": 1.743053, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.085398, "energy": 49.926681, "activity_lines": [ 169.218757, 167.655286, 161.578676, 159.036709 ] }, { "date": "2024-02-09", "close": 180.30403, "volume": 6640123, "typical_volume": 7113546.5, "trend": 158.12647, "fair_value": 124.746581, "relative_strength": 2.243242, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.634254, "energy": 70.563668, "activity_lines": [ 173.597965, 170.209492, 163.851585, 160.510793 ] }, { "date": "2024-02-16", "close": 179.376123, "volume": 7162616, "typical_volume": 7129943.4, "trend": 158.860411, "fair_value": 125.553359, "relative_strength": 2.289001, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.073483, "energy": 77.997249, "activity_lines": [ 176.638796, 172.302315, 165.877916, 161.881738 ] }, { "date": "2024-02-23", "close": 183.638698, "volume": 4661980, "typical_volume": 7004954.0, "trend": 159.572832, "fair_value": 126.37694, "relative_strength": 3.201727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.893019, "energy": 82.013699, "activity_lines": [ 180.025014, 174.748585, 168.173456, 163.480337 ] }, { "date": "2024-03-01", "close": 184.324963, "volume": 6914186, "typical_volume": 6992044.95, "trend": 160.345909, "fair_value": 127.186595, "relative_strength": 2.962683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.699697, "energy": 83.712501, "activity_lines": [ 182.145025, 177.008553, 170.381347, 165.077249 ] }, { "date": "2024-03-08", "close": 179.6081, "volume": 5849020, "typical_volume": 6940272.5, "trend": 161.001458, "fair_value": 127.925584, "relative_strength": 0.815513, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.004258, "energy": 68.315347, "activity_lines": [ 181.687515, 178.179157, 171.93707, 166.319971 ] }, { "date": "2024-03-15", "close": 182.179177, "volume": 8916462, "typical_volume": 6941365.8, "trend": 161.684439, "fair_value": 128.671833, "relative_strength": 2.320268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.433548, "energy": 62.783516, "activity_lines": [ 181.930446, 179.610209, 173.531022, 167.686275 ] }, { "date": "2024-03-22", "close": 187.939936, "volume": 5733026, "typical_volume": 6905271.35, "trend": 162.653573, "fair_value": 129.407841, "relative_strength": 3.268631, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.223955, "energy": 59.59359, "activity_lines": [ 183.968621, 181.77392, 175.485711, 169.380178 ] }, { "date": "2024-03-29", "close": 191.804482, "volume": 3877676, "typical_volume": 6836620.45, "trend": 163.521648, "fair_value": 130.162815, "relative_strength": 5.016512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.182592, "energy": 61.854669, "activity_lines": [ 186.724057, 184.191261, 177.612385, 171.260882 ] }, { "date": "2024-04-05", "close": 194.779923, "volume": 4607961, "typical_volume": 6811464.8, "trend": 164.73351, "fair_value": 130.934426, "relative_strength": 7.42138, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.175753, "energy": 75.83947, "activity_lines": [ 189.92692, 186.593405, 179.809388, 173.277545 ] }, { "date": "2024-04-12", "close": 188.538282, "volume": 4593056, "typical_volume": 6890690.1, "trend": 166.042114, "fair_value": 131.67072, "relative_strength": 5.37854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.985867, "energy": 61.204678, "activity_lines": [ 190.35224, 187.39646, 181.20373, 174.813337 ] }, { "date": "2024-04-19", "close": 185.465921, "volume": 5825274, "typical_volume": 6602099.75, "trend": 167.321624, "fair_value": 132.397241, "relative_strength": 6.870232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.910708, "energy": 52.2118, "activity_lines": [ 189.158093, 187.435833, 182.128804, 176.066486 ] }, { "date": "2024-04-26", "close": 170.016889, "volume": 11930146, "typical_volume": 6862508.05, "trend": 167.966891, "fair_value": 132.998411, "relative_strength": -4.496244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.991513, "energy": 20.506399, "activity_lines": [ 182.595154, 184.572438, 181.48131, 176.240374 ] }, { "date": "2024-05-03", "close": 168.56309, "volume": 7009609, "typical_volume": 6704489.4, "trend": 168.535432, "fair_value": 133.492242, "relative_strength": -5.846201, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.816784, "energy": 18.361291, "activity_lines": [ 176.742484, 181.614884, 180.629516, 176.278838 ] }, { "date": "2024-05-10", "close": 169.09615, "volume": 6617152, "typical_volume": 6678485.1, "trend": 169.448403, "fair_value": 133.967211, "relative_strength": -7.261945, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.028116, "energy": 27.48424, "activity_lines": [ 172.616927, 179.028352, 179.818806, 176.315013 ] }, { "date": "2024-05-17", "close": 166.818532, "volume": 5762582, "typical_volume": 6804698.9, "trend": 170.468536, "fair_value": 134.429838, "relative_strength": -9.965639, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.470974, "energy": 41.978747, "activity_lines": [ 169.444415, 176.304595, 178.803001, 176.145344 ] }, { "date": "2024-05-24", "close": 165.994713, "volume": 5267104, "typical_volume": 6761487.85, "trend": 171.244399, "fair_value": 134.884749, "relative_strength": -10.401948, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.468491, "energy": 56.638308, "activity_lines": [ 167.445281, 173.663591, 177.71542, 175.856711 ] }, { "date": "2024-05-31", "close": 163.649251, "volume": 6773810, "typical_volume": 6786412.25, "trend": 171.807176, "fair_value": 135.287554, "relative_strength": -11.270316, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.664958, "energy": 61.083414, "activity_lines": [ 165.962406, 170.890401, 176.399095, 175.366701 ] }, { "date": "2024-06-07", "close": 156.041039, "volume": 7093251, "typical_volume": 6798214.4, "trend": 172.106389, "fair_value": 135.654599, "relative_strength": -16.278501, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.426865, "energy": 68.014227, "activity_lines": [ 162.36797, 167.17555, 174.35625, 174.349531 ] }, { "date": "2024-06-14", "close": 149.925393, "volume": 8207918, "typical_volume": 6833971.3, "trend": 172.06877, "fair_value": 136.063057, "relative_strength": -20.609087, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.700536, "energy": 77.181522, "activity_lines": [ 157.569789, 162.999007, 171.755596, 172.918499 ] }, { "date": "2024-06-21", "close": 152.726379, "volume": 9223032, "typical_volume": 6633299.2, "trend": 172.111669, "fair_value": 136.467667, "relative_strength": -19.357111, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.918526, "energy": 85.347424, "activity_lines": [ 154.98332, 160.147271, 169.513709, 171.670603 ] }, { "date": "2024-06-28", "close": 153.734346, "volume": 10084322, "typical_volume": 6805509.15, "trend": 171.762578, "fair_value": 136.877294, "relative_strength": -18.430645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.756764, "energy": 80.97275, "activity_lines": [ 153.672317, 158.129927, 167.484641, 170.484969 ] }, { "date": "2024-07-05", "close": 149.610904, "volume": 4703859, "typical_volume": 6682571.3, "trend": 171.543276, "fair_value": 137.256611, "relative_strength": -21.718856, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.743142, "energy": 81.513188, "activity_lines": [ 151.804191, 155.939805, 165.189387, 169.055829 ] }, { "date": "2024-07-12", "close": 156.671325, "volume": 7349623, "typical_volume": 6816953.45, "trend": 171.214674, "fair_value": 137.711793, "relative_strength": -18.43558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.936305, "energy": 54.841042, "activity_lines": [ 153.225429, 155.404413, 163.708294, 168.096348 ] }, { "date": "2024-07-19", "close": 158.032839, "volume": 7489755, "typical_volume": 6845731.9, "trend": 170.763147, "fair_value": 138.16204, "relative_strength": -15.771177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.917767, "energy": 46.467678, "activity_lines": [ 155.058485, 155.332783, 162.485284, 167.245907 ] }, { "date": "2024-07-26", "close": 156.467098, "volume": 8844877, "typical_volume": 6995524.75, "trend": 170.37132, "fair_value": 138.544439, "relative_strength": -15.563171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.203935, "energy": 40.155614, "activity_lines": [ 155.829132, 155.177624, 161.238357, 166.323581 ] }, { "date": "2024-08-02", "close": 146.897602, "volume": 9102173, "typical_volume": 7004810.3, "trend": 169.772311, "fair_value": 138.863765, "relative_strength": -18.596507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.543272, "energy": 48.17185, "activity_lines": [ 153.160565, 153.470765, 159.190244, 164.809148 ] }, { "date": "2024-08-09", "close": 141.150069, "volume": 7076478, "typical_volume": 7071982.9, "trend": 169.035844, "fair_value": 139.015829, "relative_strength": -21.352025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.63658, "energy": 58.460001, "activity_lines": [ 149.031937, 151.06612, 156.762755, 162.962552 ] }, { "date": "2024-08-16", "close": 141.237595, "volume": 6371367, "typical_volume": 7196667.45, "trend": 168.369955, "fair_value": 139.226623, "relative_strength": -23.804283, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.755433, "energy": 75.165893, "activity_lines": [ 145.496539, 149.086464, 154.566411, 161.169116 ] }, { "date": "2024-08-23", "close": 143.668869, "volume": 4696985, "typical_volume": 7201118.65, "trend": 167.517368, "fair_value": 139.432539, "relative_strength": -23.081725, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.514441, "energy": 71.855045, "activity_lines": [ 143.800482, 147.818012, 152.842411, 159.575498 ] }, { "date": "2024-08-30", "close": 147.73396, "volume": 6180206, "typical_volume": 7280476.15, "trend": 166.533189, "fair_value": 139.699116, "relative_strength": -20.615284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.819143, "energy": 62.236778, "activity_lines": [ 144.417053, 147.402423, 151.748949, 158.299149 ] }, { "date": "2024-09-06", "close": 134.974632, "volume": 5987407, "typical_volume": 7288582.8, "trend": 165.022209, "fair_value": 139.894642, "relative_strength": -23.849922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.470904, "energy": 60.754844, "activity_lines": [ 141.362724, 144.757727, 149.634619, 156.263113 ] }, { "date": "2024-09-13", "close": 139.642679, "volume": 6838420, "typical_volume": 7033996.5, "trend": 163.697761, "fair_value": 140.164001, "relative_strength": -23.841607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.622406, "energy": 53.248269, "activity_lines": [ 140.659276, 143.302852, 148.205299, 154.625724 ] }, { "date": "2024-09-20", "close": 142.287905, "volume": 10969041, "typical_volume": 7231968.1, "trend": 162.319401, "fair_value": 140.474003, "relative_strength": -23.052263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.915943, "energy": 47.226767, "activity_lines": [ 140.938062, 142.510168, 147.172545, 153.244443 ] }, { "date": "2024-09-27", "close": 146.528048, "volume": 6215085, "typical_volume": 7211864.75, "trend": 161.059504, "fair_value": 140.82833, "relative_strength": -20.733503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.880138, "energy": 42.641359, "activity_lines": [ 142.560208, 142.749936, 146.668734, 152.225646 ] }, { "date": "2024-10-04", "close": 147.806618, "volume": 6977684, "typical_volume": 7272619.85, "trend": 159.999455, "fair_value": 141.188936, "relative_strength": -19.777822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.7502, "energy": 27.297862, "activity_lines": [ 144.417932, 143.431349, 146.394159, 151.370621 ] }, { "date": "2024-10-11", "close": 148.265342, "volume": 6853077, "typical_volume": 7351918.5, "trend": 158.868994, "fair_value": 141.529659, "relative_strength": -20.076967, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.26017, "energy": 19.445439, "activity_lines": [ 146.423721, 144.35363, 146.253804, 150.613581 ] }, { "date": "2024-10-18", "close": 154.443471, "volume": 8149644, "typical_volume": 7420710.2, "trend": 157.752445, "fair_value": 141.906691, "relative_strength": -17.143509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.795421, "energy": 16.342434, "activity_lines": [ 149.602839, 146.374339, 146.786269, 150.328064 ] }, { "date": "2024-10-25", "close": 138.075821, "volume": 13820991, "typical_volume": 7757097.2, "trend": 155.961489, "fair_value": 142.122972, "relative_strength": -24.697773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.446978, "energy": 21.220376, "activity_lines": [ 146.339353, 145.177413, 145.803746, 149.058604 ] }, { "date": "2024-11-01", "close": 140.115677, "volume": 9071797, "typical_volume": 7800291.15, "trend": 154.139348, "fair_value": 142.349035, "relative_strength": -22.056368, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.696524, "energy": 26.108542, "activity_lines": [ 144.036626, 144.408857, 145.101045, 148.036294 ] }, { "date": "2024-11-08", "close": 155.029076, "volume": 14393564, "typical_volume": 8058817.75, "trend": 153.022374, "fair_value": 142.670457, "relative_strength": -17.274562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.619987, "energy": 3.258816, "activity_lines": [ 147.132522, 146.416432, 145.86538, 148.093695 ] }, { "date": "2024-11-15", "close": 143.551224, "volume": 10091070, "typical_volume": 8059155.15, "trend": 151.625218, "fair_value": 142.914648, "relative_strength": -21.315741, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.025034, "energy": 19.621999, "activity_lines": [ 145.920971, 146.204486, 145.52562, 147.482653 ] }, { "date": "2024-11-22", "close": 148.275102, "volume": 8655287, "typical_volume": 8256726.55, "trend": 150.900492, "fair_value": 143.182352, "relative_strength": -19.621066, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -24.595102, "energy": 9.940333, "activity_lines": [ 146.598321, 146.695489, 145.684246, 147.266517 ] }, { "date": "2024-11-29", "close": 150.978644, "volume": 6442191, "typical_volume": 8211354.95, "trend": 150.314343, "fair_value": 143.488233, "relative_strength": -18.545604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.178582, "energy": 10.068339, "activity_lines": [ 148.588075, 147.521092, 146.106712, 147.271559 ] }, { "date": "2024-12-06", "close": 139.149429, "volume": 9996648, "typical_volume": 8336699.6, "trend": 149.316119, "fair_value": 143.702051, "relative_strength": -25.038039, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.870067, "energy": 17.637045, "activity_lines": [ 145.77457, 146.037915, 145.429694, 146.551242 ] }, { "date": "2024-12-13", "close": 122.244974, "volume": 10800457, "typical_volume": 8434478.6, "trend": 147.830334, "fair_value": 143.778814, "relative_strength": -33.095742, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -70.279238, "energy": 55.16289, "activity_lines": [ 137.390663, 141.615357, 143.23265, 144.804716 ] }, { "date": "2024-12-20", "close": 113.782987, "volume": 22310684, "typical_volume": 9094904.15, "trend": 146.089943, "fair_value": 143.823498, "relative_strength": -35.852995, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.511096, "energy": 76.567346, "activity_lines": [ 128.371701, 136.119014, 140.392664, 142.608113 ] }, { "date": "2024-12-27", "close": 114.466192, "volume": 5451601, "typical_volume": 9013660.3, "trend": 144.450508, "fair_value": 143.870457, "relative_strength": -35.196692, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.027202, "energy": 82.515163, "activity_lines": [ 121.565022, 131.373841, 137.775434, 140.567871 ] }, { "date": "2025-01-03", "close": 113.211107, "volume": 6154016, "typical_volume": 9002792.75, "trend": 143.022844, "fair_value": 143.907625, "relative_strength": -34.877284, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.112696, "energy": 84.544865, "activity_lines": [ 116.593909, 127.127331, 135.165738, 138.552426 ] }, { "date": "2025-01-10", "close": 115.868553, "volume": 10731159, "typical_volume": 9304501.45, "trend": 141.887616, "fair_value": 143.983609, "relative_strength": -31.37109, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.442197, "energy": 81.299397, "activity_lines": [ 115.026448, 123.816079, 132.942592, 136.800536 ] }, { "date": "2025-01-17", "close": 122.115021, "volume": 10627440, "typical_volume": 9526863.15, "trend": 140.867237, "fair_value": 144.206549, "relative_strength": -29.111242, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.315762, "energy": 68.228222, "activity_lines": [ 117.093201, 122.081405, 131.44673, 135.524885 ] }, { "date": "2025-01-24", "close": 119.800788, "volume": 10360937, "typical_volume": 9745539.65, "trend": 139.736118, "fair_value": 144.374103, "relative_strength": -30.930657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.319227, "energy": 49.757105, "activity_lines": [ 118.397206, 120.524398, 129.85246, 134.165759 ] }, { "date": "2025-01-31", "close": 125.939389, "volume": 17894270, "typical_volume": 10298332.15, "trend": 138.947068, "fair_value": 144.511996, "relative_strength": -25.880635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.216208, "energy": 34.211044, "activity_lines": [ 121.346225, 120.515327, 128.915075, 133.275648 ] }, { "date": "2025-02-07", "close": 127.733901, "volume": 17506813, "typical_volume": 10625220.75, "trend": 137.982487, "fair_value": 144.618373, "relative_strength": -23.90666, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.853198, "energy": 25.766119, "activity_lines": [ 124.128535, 121.238635, 128.213849, 132.552218 ] }, { "date": "2025-02-14", "close": 135.098261, "volume": 17251376, "typical_volume": 11177035.3, "trend": 137.218001, "fair_value": 144.744763, "relative_strength": -19.91497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.706334, "energy": 21.242557, "activity_lines": [ 128.397445, 123.723549, 128.283296, 132.366139 ] }, { "date": "2025-02-21", "close": 132.607519, "volume": 9606474, "typical_volume": 11308474.8, "trend": 136.422682, "fair_value": 144.812347, "relative_strength": -19.298182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.647811, "energy": 23.466235, "activity_lines": [ 130.554127, 125.829258, 128.169957, 132.068688 ] }, { "date": "2025-02-28", "close": 134.804079, "volume": 10869960, "typical_volume": 11509318.95, "trend": 136.019564, "fair_value": 144.841848, "relative_strength": -16.360723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.456878, "energy": 20.456082, "activity_lines": [ 132.743496, 128.145932, 128.338191, 131.964262 ] }, { "date": "2025-03-07", "close": 131.126802, "volume": 16710826, "typical_volume": 11937378.05, "trend": 135.685456, "fair_value": 144.868655, "relative_strength": -15.295282, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.277022, "energy": 18.019134, "activity_lines": [ 132.706887, 129.411809, 128.220309, 131.6486 ] }, { "date": "2025-03-14", "close": 129.528412, "volume": 12813505, "typical_volume": 11887003.75, "trend": 135.295149, "fair_value": 144.87974, "relative_strength": -13.570954, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.798616, "energy": 13.900496, "activity_lines": [ 131.791654, 130.084149, 128.061232, 131.251372 ] }, { "date": "2025-03-21", "close": 119.643891, "volume": 20538687, "typical_volume": 12460348.25, "trend": 134.494317, "fair_value": 144.698346, "relative_strength": -19.686021, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.996775, "energy": 21.984416, "activity_lines": [ 127.461946, 128.662625, 127.001473, 130.241613 ] }, { "date": "2025-03-28", "close": 119.585054, "volume": 14129905, "typical_volume": 12447165.3, "trend": 133.55602, "fair_value": 144.563869, "relative_strength": -17.586746, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -48.714612, "energy": 38.943943, "activity_lines": [ 124.142917, 127.161761, 126.033596, 129.279725 ] }, { "date": "2025-04-04", "close": 101.680887, "volume": 14805917, "typical_volume": 12682907.65, "trend": 132.446228, "fair_value": 144.305568, "relative_strength": -21.907863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.718296, "energy": 75.919592, "activity_lines": [ 115.723997, 122.451593, 123.52934, 127.223265 ] }, { "date": "2025-04-11", "close": 109.581301, "volume": 16023156, "typical_volume": 13051301.1, "trend": 131.444183, "fair_value": 144.010014, "relative_strength": -19.343288, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.403466, "energy": 74.26519, "activity_lines": [ 112.146761, 119.507317, 121.976888, 125.748108 ] }, { "date": "2025-04-18", "close": 108.852335, "volume": 7260719, "typical_volume": 13092227.5, "trend": 130.329664, "fair_value": 143.735565, "relative_strength": -17.660105, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.067824, "energy": 75.534594, "activity_lines": [ 109.762903, 116.727922, 120.539267, 124.29057 ] }, { "date": "2025-04-25", "close": 113.994499, "volume": 8836310, "typical_volume": 13034210.6, "trend": 129.245212, "fair_value": 143.531929, "relative_strength": -16.724734, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.903943, "energy": 68.927102, "activity_lines": [ 110.471504, 115.226766, 119.791977, 123.236688 ] }, { "date": "2025-05-02", "close": 121.136395, "volume": 12099205, "typical_volume": 13099148.0, "trend": 128.356204, "fair_value": 143.484125, "relative_strength": -13.217911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.892512, "energy": 37.838139, "activity_lines": [ 113.937364, 115.407842, 119.844653, 122.713539 ] }, { "date": "2025-05-09", "close": 113.501955, "volume": 10476059, "typical_volume": 12507416.75, "trend": 127.197425, "fair_value": 143.46441, "relative_strength": -17.516355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.989769, "energy": 28.533008, "activity_lines": [ 114.754988, 114.409404, 119.175518, 121.7552 ] }, { "date": "2025-05-16", "close": 114.427939, "volume": 9897959, "typical_volume": 12729734.65, "trend": 125.863574, "fair_value": 143.473693, "relative_strength": -20.226338, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.869302, "energy": 21.740557, "activity_lines": [ 115.093202, 113.966637, 118.595911, 120.931362 ] }, { "date": "2025-05-23", "close": 106.872306, "volume": 10224234, "typical_volume": 12933245.55, "trend": 124.823457, "fair_value": 143.327268, "relative_strength": -22.733917, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.969652, "energy": 29.605479, "activity_lines": [ 112.589763, 112.453735, 117.296901, 119.706119 ] }, { "date": "2025-05-30", "close": 107.729333, "volume": 10155427, "typical_volume": 12904458.95, "trend": 123.743912, "fair_value": 143.240849, "relative_strength": -22.654032, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.381207, "energy": 38.208066, "activity_lines": [ 110.504001, 111.508586, 116.109698, 118.603272 ] }, { "date": "2025-06-06", "close": 119.75727, "volume": 19054796, "typical_volume": 13325826.75, "trend": 122.568185, "fair_value": 143.283086, "relative_strength": -14.75138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.438001, "energy": 27.200381, "activity_lines": [ 112.845229, 112.966962, 116.106771, 118.34607 ] }, { "date": "2025-06-13", "close": 120.102051, "volume": 12578474, "typical_volume": 13436703.6, "trend": 121.786546, "fair_value": 143.36484, "relative_strength": -13.643147, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.174096, "energy": 16.255066, "activity_lines": [ 115.393326, 114.484895, 116.147908, 118.186964 ] }, { "date": "2025-06-20", "close": 122.446563, "volume": 13651666, "typical_volume": 13224573.4, "trend": 120.925595, "fair_value": 143.479311, "relative_strength": -11.246483, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.323361, "energy": 11.746298, "activity_lines": [ 118.28292, 116.094172, 116.410897, 118.229546 ] }, { "date": "2025-06-27", "close": 129.470248, "volume": 10241706, "typical_volume": 12861318.05, "trend": 120.208648, "fair_value": 143.668524, "relative_strength": -8.733546, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.256142, "energy": 27.552001, "activity_lines": [ 122.979168, 118.746569, 117.359441, 118.780814 ] }, { "date": "2025-07-04", "close": 136.39086, "volume": 7671315, "typical_volume": 12382315.0, "trend": 120.116696, "fair_value": 143.88166, "relative_strength": -5.023295, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 40.449772, "energy": 55.915516, "activity_lines": [ 128.475757, 122.282388, 118.958822, 119.824828 ] }, { "date": "2025-07-11", "close": 140.87226, "volume": 8192072, "typical_volume": 12311594.9, "trend": 120.737605, "fair_value": 144.115578, "relative_strength": -1.157321, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.391411, "energy": 79.191573, "activity_lines": [ 133.555377, 126.2258, 120.978848, 121.163896 ] }, { "date": "2025-07-18", "close": 139.121249, "volume": 7044268, "typical_volume": 12120310.3, "trend": 121.582214, "fair_value": 144.280409, "relative_strength": -2.42912, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.74387, "energy": 81.646187, "activity_lines": [ 136.643662, 129.492013, 122.792756, 122.349938 ] }, { "date": "2025-07-25", "close": 144.265461, "volume": 8574267, "typical_volume": 11713482.35, "trend": 122.575523, "fair_value": 144.381538, "relative_strength": 0.214115, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.93691, "energy": 86.651751, "activity_lines": [ 140.178737, 133.227732, 125.07603, 123.813373 ] }, { "date": "2025-08-01", "close": 137.182277, "volume": 13786656, "typical_volume": 11762139.9, "trend": 123.374562, "fair_value": 144.432167, "relative_strength": -1.860813, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.939364, "energy": 77.398455, "activity_lines": [ 139.898157, 135.133098, 126.62215, 124.755744 ] }, { "date": "2025-08-08", "close": 137.488951, "volume": 5371023, "typical_volume": 11003756.7, "trend": 124.095242, "fair_value": 144.446854, "relative_strength": -3.59633, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.247906, "energy": 61.330424, "activity_lines": [ 139.205667, 136.543134, 128.161031, 125.66635 ] }, { "date": "2025-08-15", "close": 143.849967, "volume": 7163725, "typical_volume": 10655447.7, "trend": 124.81974, "fair_value": 144.530944, "relative_strength": 0.17864, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.642782, "energy": 54.661948, "activity_lines": [ 140.560309, 138.568633, 130.220746, 126.940848 ] }, { "date": "2025-08-22", "close": 146.342931, "volume": 6089831, "typical_volume": 10219643.4, "trend": 125.704478, "fair_value": 144.616823, "relative_strength": 1.900212, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.532328, "energy": 54.455581, "activity_lines": [ 142.547426, 140.60935, 132.402339, 128.329441 ] }, { "date": "2025-08-29", "close": 147.134348, "volume": 5491846, "typical_volume": 9693077.9, "trend": 126.410977, "fair_value": 144.766789, "relative_strength": 2.823521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.834177, "energy": 55.6844, "activity_lines": [ 144.316903, 142.316854, 134.446628, 129.712014 ] }, { "date": "2025-09-05", "close": 145.680119, "volume": 4833494, "typical_volume": 9571716.65, "trend": 127.009184, "fair_value": 144.82992, "relative_strength": 1.707982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.041427, "energy": 63.220858, "activity_lines": [ 145.410378, 143.311084, 136.173596, 130.955184 ] }, { "date": "2025-09-12", "close": 139.833525, "volume": 7905610, "typical_volume": 9525181.65, "trend": 127.167026, "fair_value": 145.016178, "relative_strength": -3.558512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.30313, "energy": 51.347298, "activity_lines": [ 143.988465, 142.947571, 137.168374, 131.782561 ] }, { "date": "2025-09-19", "close": 131.869889, "volume": 13666457, "typical_volume": 9603544.25, "trend": 127.142439, "fair_value": 145.219379, "relative_strength": -9.731074, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.89544, "energy": 29.911108, "activity_lines": [ 139.755702, 141.073531, 137.281669, 132.085971 ] }, { "date": "2025-09-26", "close": 136.64807, "volume": 8639785, "typical_volume": 9511730.55, "trend": 127.203905, "fair_value": 145.443334, "relative_strength": -5.757849, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.202558, "energy": 22.62664, "activity_lines": [ 137.914338, 140.231931, 137.798916, 132.699238 ] }, { "date": "2025-10-03", "close": 137.113621, "volume": 7756561, "typical_volume": 9404660.65, "trend": 127.403466, "fair_value": 145.621399, "relative_strength": -6.017436, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.053627, "energy": 24.712854, "activity_lines": [ 136.874481, 139.519943, 138.250281, 133.338575 ] }, { "date": "2025-10-10", "close": 132.753082, "volume": 6634002, "typical_volume": 9225149.05, "trend": 127.510955, "fair_value": 145.748965, "relative_strength": -6.290561, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.577958, "energy": 18.656475, "activity_lines": [ 135.04916, 138.145164, 138.178331, 133.683711 ] }, { "date": "2025-10-17", "close": 130.895632, "volume": 6672140, "typical_volume": 9050984.7, "trend": 127.886013, "fair_value": 145.761941, "relative_strength": -8.612865, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.575548, "energy": 12.889527, "activity_lines": [ 133.466492, 136.513197, 137.806238, 133.902077 ] }, { "date": "2025-10-24", "close": 137.769192, "volume": 6851103, "typical_volume": 8440800.05, "trend": 128.492151, "fair_value": 145.828484, "relative_strength": -5.320144, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.119986, "energy": 11.897036, "activity_lines": [ 134.77087, 136.250847, 137.978455, 134.539702 ] }, { "date": "2025-10-31", "close": 149.043023, "volume": 12217687, "typical_volume": 8422760.7, "trend": 130.070888, "fair_value": 145.969977, "relative_strength": 1.977491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.006597, "energy": 25.977613, "activity_lines": [ 139.439904, 138.148843, 139.138598, 135.865565 ] }, { "date": "2025-11-07", "close": 143.341544, "volume": 7170159, "typical_volume": 8098685.35, "trend": 131.19623, "fair_value": 146.043234, "relative_strength": 0.134855, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.047414, "energy": 28.683976, "activity_lines": [ 141.382116, 138.961115, 139.61793, 136.721736 ] }, { "date": "2025-11-14", "close": 146.788257, "volume": 6651313, "typical_volume": 7919165.7, "trend": 132.460761, "fair_value": 146.118657, "relative_strength": 2.66991, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 59.40048, "energy": 52.35132, "activity_lines": [ 144.058036, 140.469022, 140.32602, 137.727673 ] }, { "date": "2025-11-21", "close": 151.327588, "volume": 6886353, "typical_volume": 7879917.6, "trend": 133.705197, "fair_value": 146.179546, "relative_strength": 8.135483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.047715, "energy": 68.754885, "activity_lines": [ 147.311389, 142.782113, 141.38396, 138.944888 ] }, { "date": "2025-11-28", "close": 158.419671, "volume": 4688017, "typical_volume": 7704714.85, "trend": 134.947973, "fair_value": 146.255366, "relative_strength": 9.38392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.541143, "energy": 76.935072, "activity_lines": [ 151.566639, 146.175692, 143.04621, 140.53937 ] }, { "date": "2025-12-05", "close": 158.37994, "volume": 7704242, "typical_volume": 7737713.55, "trend": 136.443906, "fair_value": 146.374381, "relative_strength": 8.996883, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.25979, "energy": 78.917161, "activity_lines": [ 154.431947, 149.079323, 144.621117, 142.05111 ] }, { "date": "2025-12-12", "close": 164.001956, "volume": 6945431, "typical_volume": 7656271.75, "trend": 138.096373, "fair_value": 146.611521, "relative_strength": 13.149119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.571076, "energy": 83.235999, "activity_lines": [ 158.548799, 152.610014, 146.639745, 143.829049 ] }, { "date": "2025-12-19", "close": 158.081953, "volume": 10540772, "typical_volume": 7493977.55, "trend": 139.803361, "fair_value": 146.795599, "relative_strength": 8.565614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.605696, "energy": 75.739712, "activity_lines": [ 159.314956, 154.575462, 148.000581, 145.118441 ] }, { "date": "2025-12-26", "close": 165.233634, "volume": 4455587, "typical_volume": 7448205.75, "trend": 141.720171, "fair_value": 147.048475, "relative_strength": 11.431288, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.875078, "energy": 76.228619, "activity_lines": [ 161.712093, 157.380691, 149.943007, 146.759104 ] }, { "date": "2026-01-02", "close": 168.840858, "volume": 5301378, "typical_volume": 7355088.4, "trend": 143.356291, "fair_value": 147.250334, "relative_strength": 14.503974, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.124996, "energy": 75.782492, "activity_lines": [ 164.384569, 160.217451, 152.09686, 148.508825 ] }, { "date": "2026-01-09", "close": 163.229441, "volume": 9189841, "typical_volume": 7510088.9, "trend": 144.79387, "fair_value": 147.332844, "relative_strength": 8.63828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.886975, "energy": 54.186748, "activity_lines": [ 164.491827, 161.469015, 153.597289, 149.790964 ] }, { "date": "2026-01-16", "close": 173.814388, "volume": 8058612, "typical_volume": 7638427.2, "trend": 146.506131, "fair_value": 147.508225, "relative_strength": 15.628536, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.81738, "energy": 65.217541, "activity_lines": [ 167.8041, 164.387179, 156.025395, 151.663256 ] }, { "date": "2026-01-23", "close": 181.050424, "volume": 6722258, "typical_volume": 7732865.4, "trend": 148.22547, "fair_value": 147.648021, "relative_strength": 20.193382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.504309, "energy": 77.761214, "activity_lines": [ 172.874223, 168.066935, 159.015601, 153.89192 ] }, { "date": "2026-01-30", "close": 177.133396, "volume": 12363206, "typical_volume": 7955745.2, "trend": 149.583555, "fair_value": 147.703002, "relative_strength": 16.672878, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.956494, "energy": 72.295727, "activity_lines": [ 175.107439, 170.411555, 161.464326, 155.756947 ] }, { "date": "2026-02-06", "close": 192.203489, "volume": 10921210, "typical_volume": 7818482.85, "trend": 151.294596, "fair_value": 147.931175, "relative_strength": 26.147817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.340481, "energy": 89.94813, "activity_lines": [ 181.570701, 175.026995, 165.170679, 158.50662 ] }, { "date": "2026-02-13", "close": 182.625209, "volume": 9091747, "typical_volume": 7841080.95, "trend": 152.744728, "fair_value": 148.073725, "relative_strength": 20.960056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.101415, "energy": 74.935885, "activity_lines": [ 183.283695, 177.286679, 167.677512, 160.52795 ] }, { "date": "2026-02-20", "close": 179.415838, "volume": 6380761, "typical_volume": 7772290.95, "trend": 153.916407, "fair_value": 148.229591, "relative_strength": 17.138142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.691527, "energy": 57.500154, "activity_lines": [ 182.633847, 178.522018, 169.659753, 162.248667 ] }, { "date": "2026-02-27", "close": 176.296169, "volume": 9016103, "typical_volume": 7891396.0, "trend": 155.220203, "fair_value": 148.268562, "relative_strength": 15.404186, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.64636, "energy": 51.498706, "activity_lines": [ 180.57068, 178.909892, 171.143443, 163.692522 ] }, { "date": "2026-03-06", "close": 168.193004, "volume": 7435436, "typical_volume": 7929560.8, "trend": 156.243672, "fair_value": 148.374815, "relative_strength": 12.136697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.897939, "energy": 30.628013, "activity_lines": [ 176.123408, 177.493295, 171.648054, 164.529477 ] }, { "date": "2026-03-13", "close": 162.940398, "volume": 6462492, "typical_volume": 7910130.25, "trend": 156.88002, "fair_value": 148.537687, "relative_strength": 10.164539, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.303513, "energy": 21.322244, "activity_lines": [ 170.521293, 175.067873, 171.474811, 164.961524 ] }, { "date": "2026-03-20", "close": 158.056572, "volume": 7336291, "typical_volume": 7666060.45, "trend": 157.270474, "fair_value": 148.641542, "relative_strength": 8.550166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.416496, "energy": 19.154131, "activity_lines": [ 165.242109, 171.861763, 170.716579, 165.037431 ] }, { "date": "2026-03-27", "close": 162.830762, "volume": 7988855, "typical_volume": 7706995.25, "trend": 157.793688, "fair_value": 148.737215, "relative_strength": 14.000754, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.228337, "energy": 20.986075, "activity_lines": [ 163.192231, 169.61774, 170.37011, 165.396159 ] }, { "date": "2026-04-03", "close": 172.46, "volume": 4992178, "typical_volume": 7624038.5, "trend": 158.686351, "fair_value": 148.949486, "relative_strength": 16.15068, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.810573, "energy": 18.192694, "activity_lines": [ 165.457771, 169.32419, 170.847906, 166.342373 ] }, { "date": "2026-04-10", "close": 186.12, "volume": 7474779, "typical_volume": 7653459.8, "trend": 160.229233, "fair_value": 149.24527, "relative_strength": 20.313259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.316759, "energy": 21.815285, "activity_lines": [ 172.532389, 171.670466, 172.504407, 168.112286 ] }, { "date": "2026-04-17", "close": 195.87, "volume": 6022801, "typical_volume": 7720199.0, "trend": 162.36257, "fair_value": 149.558993, "relative_strength": 20.467444, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 71.802916, "energy": 58.710163, "activity_lines": [ 181.661873, 175.626076, 174.923802, 170.41169 ] }, { "date": "2026-04-24", "close": 214.29, "volume": 8883090, "typical_volume": 7779141.4, "trend": 164.950635, "fair_value": 150.02314, "relative_strength": 30.103199, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.178192, "energy": 84.35634, "activity_lines": [ 194.736051, 182.864113, 178.919148, 173.761847 ] }, { "date": "2026-05-01", "close": 225.473154, "volume": 10174399, "typical_volume": 7940589.8, "trend": 167.895952, "fair_value": 150.594941, "relative_strength": 34.533981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.616663, "energy": 94.945792, "activity_lines": [ 207.789051, 191.559727, 183.713317, 177.666525 ] }, { "date": "2026-05-08", "close": 226.929493, "volume": 6330746, "typical_volume": 7730088.5, "trend": 171.035166, "fair_value": 151.195964, "relative_strength": 31.157475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.567398, "energy": 94.483424, "activity_lines": [ 217.151339, 199.682725, 188.353466, 181.475141 ] }, { "date": "2026-05-15", "close": 226.450696, "volume": 6949277, "typical_volume": 7854773.0, "trend": 174.220335, "fair_value": 151.796435, "relative_strength": 29.422424, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.856861, "energy": 91.592522, "activity_lines": [ 222.722728, 206.798063, 192.620169, 185.050336 ] }, { "date": "2026-05-22", "close": 231.418208, "volume": 5692850, "typical_volume": 7874346.6, "trend": 177.341969, "fair_value": 152.444278, "relative_strength": 29.809322, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.45252, "energy": 91.567433, "activity_lines": [ 227.261241, 213.757354, 197.068459, 188.740522 ] }, { "date": "2026-05-29", "close": 249.373069, "volume": 7879165, "typical_volume": 7808812.8, "trend": 180.686304, "fair_value": 153.175606, "relative_strength": 36.289303, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.109742, "energy": 95.015174, "activity_lines": [ 235.414827, 222.736114, 202.928748, 193.387689 ] }, { "date": "2026-06-05", "close": 253.75206, "volume": 6908822, "typical_volume": 7751323.3, "trend": 184.366654, "fair_value": 153.908857, "relative_strength": 40.655401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.650212, "energy": 90.786765, "activity_lines": [ 242.689206, 230.850754, 208.795876, 198.101609 ] }, { "date": "2026-06-12", "close": 265.682068, "volume": 6618415, "typical_volume": 7746131.15, "trend": 188.329781, "fair_value": 154.682614, "relative_strength": 44.674753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.622488, "energy": 85.989448, "activity_lines": [ 252.054993, 239.481372, 215.41854, 203.347765 ] }, { "date": "2026-06-19", "close": 243.218541, "volume": 10795245, "typical_volume": 7667733.1, "trend": 191.392813, "fair_value": 155.297767, "relative_strength": 30.040198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.849981, "energy": 67.304776, "activity_lines": [ 251.349434, 242.332766, 219.498813, 206.888975 ] }, { "date": "2026-06-26", "close": 239.178698, "volume": 10330308, "typical_volume": 7638188.0, "trend": 194.084781, "fair_value": 155.821335, "relative_strength": 29.845307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.421602, "energy": 64.458554, "activity_lines": [ 248.179403, 243.411488, 222.879647, 209.971935 ] }, { "date": "2026-07-03", "close": 220.75, "volume": 7548695, "typical_volume": 7561035.4, "trend": 196.163783, "fair_value": 156.23927, "relative_strength": 16.626504, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.32518, "energy": 45.599742, "activity_lines": [ 238.349107, 240.352106, 224.281676, 211.692272 ] }, { "date": "2026-07-10", "close": 227.37, "volume": 6264762, "typical_volume": 7555235.45, "trend": 198.276051, "fair_value": 156.669964, "relative_strength": 17.856704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.544439, "energy": 27.96406, "activity_lines": [ 232.633683, 238.378907, 226.132634, 213.705577 ] }, { "date": "2026-07-17", "close": 236.61, "volume": 5400653, "typical_volume": 7374462.95, "trend": 200.893652, "fair_value": 157.17799, "relative_strength": 23.693334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.678214, "energy": 27.375046, "activity_lines": [ 231.757062, 238.051219, 228.63524, 216.178735 ] }, { "date": "2026-07-24", "close": 247.56, "volume": 6253451, "typical_volume": 7315363.7, "trend": 203.637865, "fair_value": 157.724746, "relative_strength": 29.157492, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.83207, "energy": 30.008222, "activity_lines": [ 236.46858, 239.538431, 231.893493, 219.189467 ] }, { "date": "2026-07-31", "close": 257.29, "volume": 9010212, "typical_volume": 7442749.7, "trend": 206.586169, "fair_value": 158.341139, "relative_strength": 31.594659, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.061152, "energy": 48.463793, "activity_lines": [ 244.134, 242.410928, 235.700476, 222.650895 ] }, { "date": "2026-08-07", "close": 272.63, "volume": 7784660, "typical_volume": 7465168.15, "trend": 210.232855, "fair_value": 159.063501, "relative_strength": 33.393124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.957528, "energy": 63.842067, "activity_lines": [ 255.705333, 247.60212, 240.519126, 226.911787 ] } ], "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." } } }