{ "ticker": { "uuid": "8cdb1778-3892-4735-9e24-c52036a8c1aa", "symbol": "SMCX", "name": "State Street SPDR MSCI Europe Small Cap UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 90.236, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 91.429, "architecture_energy": 94.553, "architecture_maturity": 36.049, "architecture_confidence": 72.892, "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": 3.51, "rotation_up": 82.93, "upward_expansion": 97.54, "deceleration": 41.87, "rotation_down": 10.59, "downward_expansion": 21.87 }, "activity_lines": [ 364.316665, 360.145452, 355.502857, 350.631076 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 372.399994, "trend_reference": 346.220002, "distance_from_trend": 0.075617, "trend_direction": "Improving", "fair_value": 305.237821, "distance_from_fair_value": 0.220032, "fair_value_direction": "Improving", "relative_strength": -0.495505, "relative_strength_direction": "Weakening", "price_momentum": 0.082715, "excess_performance": -0.000168, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.075617, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031297, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.220032, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.049644, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.004955, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027648, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.082715, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.200542, "read": "Demand-led" } ], "volume": { "latest": 243, "relative_activity": 1.5552, "balance": 3.200542, "dry_up": 0.568, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.016081, "annualized_volatility": 0.147391, "from_high_reference": -0.008124, "from_low_reference": 0.228232 }, "levels": { "trend_reference": 346.220002, "fair_value_reference": 305.237821, "structural_low": 303.200012, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.013439, "positive_rate": 0.64, "directional_follow_through": 0.64, "median_excess_return": 0.014437, "regime_survival": 0.72, "best_return": 0.084209, "worst_return": -0.079195, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.001226, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.025464, "regime_survival": 0.545455, "best_return": 0.100149, "worst_return": -0.028119, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.042503, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": -0.034052, "regime_survival": 0.5, "best_return": 0.093062, "worst_return": -0.035416, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.043908, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.019028, "regime_survival": 0.25, "best_return": 0.151359, "worst_return": -0.23302, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-01-24", "end": "2025-01-31", "tenure": "New", "return": 0.012449, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": 0.009058, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-03-28", "tenure": "Developing", "return": 0.014502, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-02", "tenure": "Developing", "return": 0.117941, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-09", "end": "2025-05-23", "tenure": "New", "return": 0.023091, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-30", "end": "2025-09-12", "tenure": "Established", "return": 0.019134, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-11-14", "tenure": "Developing", "return": -0.034669, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2025-11-28", "tenure": "New", "return": 0.052674, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2025-12-26", "tenure": "New", "return": 0.01147, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-06", "tenure": "Developing", "return": -0.000597, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-03-13", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": 0.091504, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": -0.02616, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.082243, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 255.350006, "volume": 133, "typical_volume": 199.1, "trend": 270.286667, "fair_value": 292.363141, "relative_strength": -0.711354, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.857468, "energy": 43.536269, "activity_lines": [ 263.223338, 264.645458, 266.614286, 267.825054 ] }, { "date": "2023-08-25", "close": 256.549988, "volume": 181, "typical_volume": 176.3, "trend": 269.473333, "fair_value": 292.41859, "relative_strength": -1.317293, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.781649, "energy": 70.97798, "activity_lines": [ 260.279999, 262.981819, 265.510952, 266.938817 ] }, { "date": "2023-09-01", "close": 261.200012, "volume": 118, "typical_volume": 164.65, "trend": 268.755, "fair_value": 292.513462, "relative_strength": -0.617831, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.773546, "energy": 68.692326, "activity_lines": [ 259.680003, 262.457275, 264.906429, 266.405054 ] }, { "date": "2023-09-08", "close": 256.75, "volume": 1968, "typical_volume": 249.2, "trend": 268.058333, "fair_value": 292.588141, "relative_strength": -1.205001, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.074019, "energy": 73.619955, "activity_lines": [ 258.250002, 261.174548, 263.93762, 265.630538 ] }, { "date": "2023-09-15", "close": 260.299988, "volume": 244, "typical_volume": 242.45, "trend": 267.369999, "fair_value": 292.661539, "relative_strength": -2.099948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.848263, "energy": 56.345408, "activity_lines": [ 258.703331, 260.74, 263.364048, 265.129999 ] }, { "date": "2023-09-22", "close": 257.649994, "volume": 217, "typical_volume": 245.05, "trend": 266.694999, "fair_value": 292.780449, "relative_strength": -1.580081, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.386235, "energy": 42.505007, "activity_lines": [ 258.576662, 259.804544, 262.598809, 264.502902 ] }, { "date": "2023-09-29", "close": 257.149994, "volume": 90, "typical_volume": 248.55, "trend": 265.791666, "fair_value": 292.842949, "relative_strength": -1.447926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.302588, "energy": 43.654425, "activity_lines": [ 258.129995, 258.934543, 261.860475, 263.887096 ] }, { "date": "2023-10-06", "close": 247.149994, "volume": 200, "typical_volume": 255.7, "trend": 265.029999, "fair_value": 292.799359, "relative_strength": -4.243649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.201255, "energy": 67.785579, "activity_lines": [ 254.309994, 256.451814, 260.23976, 262.684407 ] }, { "date": "2023-10-13", "close": 247.25, "volume": 92, "typical_volume": 255.25, "trend": 264.598332, "fair_value": 292.777885, "relative_strength": -4.791362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.851114, "energy": 81.559122, "activity_lines": [ 251.459996, 254.420906, 258.745713, 261.53731 ] }, { "date": "2023-10-20", "close": 235.449997, "volume": 697, "typical_volume": 278.3, "trend": 263.791665, "fair_value": 292.702244, "relative_strength": -4.539374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -92.328853, "energy": 94.357617, "activity_lines": [ 245.309997, 250.608178, 256.212617, 259.656773 ] }, { "date": "2023-10-27", "close": 235.300003, "volume": 1187, "typical_volume": 320.5, "trend": 262.581665, "fair_value": 292.716026, "relative_strength": -4.368581, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.717447, "energy": 94.341674, "activity_lines": [ 240.766666, 247.302725, 253.831665, 257.818601 ] }, { "date": "2023-11-03", "close": 251.949997, "volume": 311, "typical_volume": 329.1, "trend": 262.036665, "fair_value": 292.73782, "relative_strength": -0.145904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.195242, "energy": 75.757875, "activity_lines": [ 243.263332, 247.389088, 253.199522, 257.132687 ] }, { "date": "2023-11-10", "close": 252.399994, "volume": 215, "typical_volume": 325.4, "trend": 261.326665, "fair_value": 292.666667, "relative_strength": 0.220633, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.122566, "energy": 51.791254, "activity_lines": [ 246.256664, 247.640906, 252.709046, 256.510966 ] }, { "date": "2023-11-17", "close": 260.149994, "volume": 94, "typical_volume": 322.85, "trend": 261.039998, "fair_value": 292.597756, "relative_strength": 1.489681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.744385, "energy": 19.141121, "activity_lines": [ 251.483329, 249.461815, 253.011902, 256.435052 ] }, { "date": "2023-11-24", "close": 262.5, "volume": 168, "typical_volume": 326.1, "trend": 260.688332, "fair_value": 292.53109, "relative_strength": 1.029376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.120868, "energy": 23.200392, "activity_lines": [ 256.63333, 251.648179, 253.575474, 256.529246 ] }, { "date": "2023-12-01", "close": 260.049988, "volume": 467, "typical_volume": 347.0, "trend": 260.246665, "fair_value": 292.422436, "relative_strength": 0.000164, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.411617, "energy": 28.219319, "activity_lines": [ 259.163327, 253.349086, 253.890235, 256.488062 ] }, { "date": "2023-12-08", "close": 263.450012, "volume": 629, "typical_volume": 377.3, "trend": 259.966665, "fair_value": 292.363462, "relative_strength": -0.403777, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 28.132726, "energy": 36.944332, "activity_lines": [ 261.176666, 255.624544, 254.558331, 256.69473 ] }, { "date": "2023-12-15", "close": 270.649994, "volume": 706, "typical_volume": 407.1, "trend": 259.929998, "fair_value": 292.286859, "relative_strength": 1.165501, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.712333, "energy": 52.24923, "activity_lines": [ 264.823332, 259.094543, 255.93595, 257.383977 ] }, { "date": "2023-12-22", "close": 271.600006, "volume": 749, "typical_volume": 436.7, "trend": 260.148332, "fair_value": 292.210256, "relative_strength": 1.81074, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 41.011148, "energy": 63.396734, "activity_lines": [ 267.570001, 262.309999, 257.405712, 258.13688 ] }, { "date": "2023-12-29", "close": 268.0, "volume": 538, "typical_volume": 450.2, "trend": 260.068332, "fair_value": 292.078526, "relative_strength": 0.588156, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.989756, "energy": 55.599659, "activity_lines": [ 268.353335, 264.428181, 258.511903, 258.64344 ] }, { "date": "2024-01-05", "close": 266.0, "volume": 329, "typical_volume": 460.0, "trend": 259.949999, "fair_value": 291.888141, "relative_strength": -0.595246, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.64368, "energy": 54.885294, "activity_lines": [ 268.103335, 265.590909, 259.412618, 259.026128 ] }, { "date": "2024-01-12", "close": 266.450012, "volume": 279, "typical_volume": 464.9, "trend": 259.741666, "fair_value": 291.706731, "relative_strength": -0.740909, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.323899, "energy": 38.137378, "activity_lines": [ 267.606671, 266.277275, 260.305476, 259.445483 ] }, { "date": "2024-01-19", "close": 262.600006, "volume": 276, "typical_volume": 472.8, "trend": 259.695, "fair_value": 291.486859, "relative_strength": -1.44242, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.446364, "energy": 22.061701, "activity_lines": [ 265.626672, 266.000003, 260.784524, 259.629892 ] }, { "date": "2024-01-26", "close": 271.25, "volume": 860, "typical_volume": 417.4, "trend": 259.806667, "fair_value": 291.38141, "relative_strength": -0.259105, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 58.336231, "energy": 36.57781, "activity_lines": [ 267.066671, 267.110003, 262.080715, 260.375376 ] }, { "date": "2024-02-02", "close": 268.100006, "volume": 752, "typical_volume": 442.8, "trend": 260.101667, "fair_value": 291.153846, "relative_strength": -0.012409, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.151902, "energy": 38.527601, "activity_lines": [ 267.480005, 267.445458, 263.007859, 260.910431 ] }, { "date": "2024-02-09", "close": 269.850006, "volume": 203, "typical_volume": 442.1, "trend": 260.221667, "fair_value": 290.923077, "relative_strength": 2.034694, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.829746, "energy": 46.659142, "activity_lines": [ 268.470005, 267.997277, 264.064526, 261.539356 ] }, { "date": "2024-02-16", "close": 276.25, "volume": 787, "typical_volume": 476.95, "trend": 260.481667, "fair_value": 290.710256, "relative_strength": 2.47612, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.757567, "energy": 79.269648, "activity_lines": [ 271.33667, 269.534549, 265.672621, 262.573442 ] }, { "date": "2024-02-23", "close": 276.25, "volume": 318, "typical_volume": 482.85, "trend": 260.656667, "fair_value": 290.516667, "relative_strength": 0.883992, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.161231, "energy": 80.754309, "activity_lines": [ 273.550002, 270.839094, 267.189764, 263.590753 ] }, { "date": "2024-03-01", "close": 280.5, "volume": 992, "typical_volume": 527.85, "trend": 261.098333, "fair_value": 290.322115, "relative_strength": 2.543969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.596938, "energy": 87.461953, "activity_lines": [ 276.270001, 272.814548, 268.973097, 264.870969 ] }, { "date": "2024-03-08", "close": 283.5, "volume": 472, "typical_volume": 516.6, "trend": 261.72, "fair_value": 290.074679, "relative_strength": 2.338478, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.837482, "energy": 92.543346, "activity_lines": [ 279.373334, 275.173638, 270.883811, 266.316237 ] }, { "date": "2024-03-15", "close": 284.25, "volume": 1081, "typical_volume": 511.3, "trend": 262.683333, "fair_value": 289.833654, "relative_strength": 2.368628, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.954565, "energy": 91.872553, "activity_lines": [ 281.7, 277.387274, 272.637145, 267.769786 ] }, { "date": "2024-03-22", "close": 290.0, "volume": 102, "typical_volume": 500.85, "trend": 263.798333, "fair_value": 289.617949, "relative_strength": 4.615884, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.222205, "energy": 94.309903, "activity_lines": [ 284.983333, 280.314546, 274.705002, 269.532151 ] }, { "date": "2024-03-29", "close": 295.0, "volume": 772, "typical_volume": 528.7, "trend": 264.925, "fair_value": 289.39359, "relative_strength": 5.648766, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.922723, "energy": 95.926181, "activity_lines": [ 289.016667, 283.722728, 277.067859, 271.545162 ] }, { "date": "2024-04-05", "close": 291.899994, "volume": 360, "typical_volume": 542.0, "trend": 266.096666, "fair_value": 289.145513, "relative_strength": 6.543112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.564418, "energy": 89.350717, "activity_lines": [ 290.766665, 285.978181, 278.93262, 273.285484 ] }, { "date": "2024-04-12", "close": 291.649994, "volume": 85, "typical_volume": 537.85, "trend": 267.141666, "fair_value": 288.861538, "relative_strength": 7.409001, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.0877, "energy": 77.105621, "activity_lines": [ 291.67333, 287.812725, 280.622381, 274.934086 ] }, { "date": "2024-04-19", "close": 283.049988, "volume": 399, "typical_volume": 534.45, "trend": 267.988333, "fair_value": 288.528525, "relative_strength": 4.873557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.264975, "energy": 64.281327, "activity_lines": [ 289.169993, 287.655451, 281.354285, 275.96043 ] }, { "date": "2024-04-26", "close": 290.350006, "volume": 340, "typical_volume": 520.0, "trend": 269.095, "fair_value": 288.246154, "relative_strength": 6.975752, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.819598, "energy": 58.603787, "activity_lines": [ 289.179997, 288.585452, 282.671904, 277.403118 ] }, { "date": "2024-05-03", "close": 294.950012, "volume": 16, "typical_volume": 485.5, "trend": 270.688334, "fair_value": 287.984615, "relative_strength": 9.138318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.243509, "energy": 61.017, "activity_lines": [ 290.700002, 290.095455, 284.299524, 279.071183 ] }, { "date": "2024-05-10", "close": 302.799988, "volume": 323, "typical_volume": 464.2, "trend": 272.54, "fair_value": 287.799038, "relative_strength": 7.26615, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.573942, "energy": 67.609995, "activity_lines": [ 294.839998, 292.692725, 286.559047, 281.142903 ] }, { "date": "2024-05-17", "close": 310.950012, "volume": 730, "typical_volume": 473.8, "trend": 275.056667, "fair_value": 287.648397, "relative_strength": 7.350267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.443568, "energy": 87.990851, "activity_lines": [ 300.970003, 296.366364, 289.446191, 283.620968 ] }, { "date": "2024-05-24", "close": 314.799988, "volume": 355, "typical_volume": 475.1, "trend": 277.706667, "fair_value": 287.491346, "relative_strength": 9.367566, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.4278, "energy": 95.819827, "activity_lines": [ 307.096665, 300.240907, 292.495475, 286.185054 ] }, { "date": "2024-05-31", "close": 311.149994, "volume": 417, "typical_volume": 482.0, "trend": 279.68, "fair_value": 287.291666, "relative_strength": 7.280003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.376263, "energy": 90.510293, "activity_lines": [ 309.889996, 302.896361, 294.96476, 288.342688 ] }, { "date": "2024-06-07", "close": 305.450012, "volume": 1188, "typical_volume": 527.6, "trend": 281.448334, "fair_value": 287.056089, "relative_strength": 3.052872, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.043181, "energy": 85.951195, "activity_lines": [ 309.396667, 304.130909, 296.678333, 290.005269 ] }, { "date": "2024-06-14", "close": 292.299988, "volume": 1440, "typical_volume": 556.6, "trend": 282.52, "fair_value": 286.767948, "relative_strength": 0.311717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.264329, "energy": 56.226194, "activity_lines": [ 303.819997, 302.784544, 296.935475, 290.705376 ] }, { "date": "2024-06-21", "close": 299.350006, "volume": 113, "typical_volume": 524.65, "trend": 283.748334, "fair_value": 286.501923, "relative_strength": 2.88854, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.617804, "energy": 37.058887, "activity_lines": [ 301.293333, 302.712727, 297.763809, 291.791183 ] }, { "date": "2024-06-28", "close": 295.25, "volume": 94, "typical_volume": 519.2, "trend": 284.921667, "fair_value": 286.197436, "relative_strength": 1.57048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.445462, "energy": 29.59211, "activity_lines": [ 298.173334, 301.755454, 298.052856, 292.533226 ] }, { "date": "2024-07-05", "close": 305.0, "volume": 241, "typical_volume": 491.9, "trend": 286.306667, "fair_value": 285.972435, "relative_strength": 4.687105, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.312646, "energy": 30.437106, "activity_lines": [ 299.606667, 302.349091, 299.149523, 293.828602 ] }, { "date": "2024-07-12", "close": 311.200012, "volume": 452, "typical_volume": 498.6, "trend": 287.658334, "fair_value": 285.798397, "relative_strength": 3.61487, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.639997, "energy": 39.450917, "activity_lines": [ 303.516671, 303.803638, 300.699762, 295.434624 ] }, { "date": "2024-07-19", "close": 305.100006, "volume": 78, "typical_volume": 452.9, "trend": 288.775001, "fair_value": 285.553525, "relative_strength": 3.093282, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.922068, "energy": 40.914556, "activity_lines": [ 305.010006, 303.853639, 301.50262, 296.559893 ] }, { "date": "2024-07-26", "close": 300.850006, "volume": 223, "typical_volume": 440.45, "trend": 289.870001, "fair_value": 285.283974, "relative_strength": 1.041621, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.532216, "energy": 40.068368, "activity_lines": [ 304.233339, 303.089095, 301.783573, 297.338926 ] }, { "date": "2024-08-02", "close": 293.049988, "volume": 13, "typical_volume": 387.05, "trend": 290.771667, "fair_value": 284.916987, "relative_strength": 1.407187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.13005, "energy": 13.874495, "activity_lines": [ 300.756667, 301.090001, 301.239048, 297.544086 ] }, { "date": "2024-08-09", "close": 288.200012, "volume": 434, "typical_volume": 403.65, "trend": 291.496667, "fair_value": 284.484936, "relative_strength": -0.221106, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.123026, "energy": 15.705811, "activity_lines": [ 295.810004, 298.604549, 300.190716, 297.378173 ] }, { "date": "2024-08-16", "close": 297.299988, "volume": 43, "typical_volume": 367.2, "trend": 292.653334, "fair_value": 284.183333, "relative_strength": 0.137593, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.665429, "energy": 19.874639, "activity_lines": [ 295.016665, 298.19091, 300.01762, 297.752581 ] }, { "date": "2024-08-23", "close": 300.950012, "volume": 666, "typical_volume": 382.5, "trend": 293.643334, "fair_value": 283.840064, "relative_strength": -0.011793, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.643422, "energy": 18.157166, "activity_lines": [ 296.366669, 298.589094, 300.181192, 298.28785 ] }, { "date": "2024-08-30", "close": 299.950012, "volume": 270, "typical_volume": 391.75, "trend": 294.705001, "fair_value": 283.434295, "relative_strength": -1.09991, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.85433, "energy": 11.257898, "activity_lines": [ 297.660006, 298.648186, 300.206431, 298.694733 ] }, { "date": "2024-09-06", "close": 289.0, "volume": 1060, "typical_volume": 424.8, "trend": 295.343334, "fair_value": 282.996795, "relative_strength": -0.546704, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.245354, "energy": 7.918922, "activity_lines": [ 295.363338, 296.705458, 299.149288, 298.326668 ] }, { "date": "2024-09-13", "close": 294.299988, "volume": 54, "typical_volume": 410.5, "trend": 295.945, "fair_value": 282.590064, "relative_strength": 0.096565, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.106096, "energy": 10.609757, "activity_lines": [ 295.103333, 295.840001, 298.568573, 298.259356 ] }, { "date": "2024-09-20", "close": 299.899994, "volume": 148, "typical_volume": 417.1, "trend": 296.733333, "fair_value": 282.252884, "relative_strength": 2.742745, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.337638, "energy": 6.597584, "activity_lines": [ 296.303331, 296.187272, 298.502382, 298.514517 ] }, { "date": "2024-09-27", "close": 304.600006, "volume": 266, "typical_volume": 414.25, "trend": 297.536667, "fair_value": 282.022756, "relative_strength": 1.678853, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.801327, "energy": 13.298678, "activity_lines": [ 298.896665, 297.594546, 298.860239, 299.022044 ] }, { "date": "2024-10-04", "close": 297.549988, "volume": 113, "typical_volume": 383.4, "trend": 298.005, "fair_value": 281.763782, "relative_strength": 1.128699, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.873467, "energy": 5.707825, "activity_lines": [ 298.896661, 297.729089, 298.538095, 299.022903 ] }, { "date": "2024-10-11", "close": 295.649994, "volume": 87, "typical_volume": 370.0, "trend": 298.385, "fair_value": 281.424038, "relative_strength": -0.943406, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -7.153441, "energy": 8.730051, "activity_lines": [ 298.423328, 297.578179, 298.098809, 298.870967 ] }, { "date": "2024-10-18", "close": 300.450012, "volume": 474, "typical_volume": 372.85, "trend": 298.733333, "fair_value": 281.101923, "relative_strength": -0.87035, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.577095, "energy": 11.259439, "activity_lines": [ 299.106667, 298.252727, 298.207858, 299.004194 ] }, { "date": "2024-10-25", "close": 293.950012, "volume": 199, "typical_volume": 323.4, "trend": 298.698334, "fair_value": 280.754166, "relative_strength": -1.980817, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.412718, "energy": 23.387735, "activity_lines": [ 297.213338, 297.522729, 297.748811, 298.695593 ] }, { "date": "2024-11-01", "close": 287.850006, "volume": 90, "typical_volume": 255.9, "trend": 298.563334, "fair_value": 280.349359, "relative_strength": -2.294236, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -66.161116, "energy": 52.455602, "activity_lines": [ 293.683339, 295.744548, 296.763573, 297.9957 ] }, { "date": "2024-11-08", "close": 290.450012, "volume": 198, "typical_volume": 260.15, "trend": 298.523335, "fair_value": 279.959295, "relative_strength": -0.050645, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.044224, "energy": 59.990259, "activity_lines": [ 292.136676, 294.677277, 296.047146, 297.47226 ] }, { "date": "2024-11-15", "close": 283.899994, "volume": 333, "typical_volume": 272.1, "trend": 298.551668, "fair_value": 279.540064, "relative_strength": -0.885113, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.861288, "energy": 76.698945, "activity_lines": [ 288.880005, 292.591821, 294.749288, 296.528819 ] }, { "date": "2024-11-22", "close": 284.399994, "volume": 1701, "typical_volume": 345.1, "trend": 298.353335, "fair_value": 279.215705, "relative_strength": -1.479861, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.098764, "energy": 76.2719, "activity_lines": [ 286.573334, 290.690002, 293.553096, 295.615808 ] }, { "date": "2024-11-29", "close": 287.149994, "volume": 4, "typical_volume": 322.7, "trend": 298.093334, "fair_value": 278.965064, "relative_strength": -0.971003, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.997624, "energy": 70.211014, "activity_lines": [ 286.253331, 289.468182, 292.716905, 294.893012 ] }, { "date": "2024-12-06", "close": 290.700012, "volume": 471, "typical_volume": 342.35, "trend": 297.690001, "fair_value": 278.690064, "relative_strength": 0.044505, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.496537, "energy": 59.190148, "activity_lines": [ 287.570001, 289.123639, 292.333335, 294.416023 ] }, { "date": "2024-12-13", "close": 292.100006, "volume": 266, "typical_volume": 344.5, "trend": 297.061668, "fair_value": 278.473077, "relative_strength": 1.204741, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.546703, "energy": 36.469204, "activity_lines": [ 289.163336, 289.286367, 292.151669, 294.055378 ] }, { "date": "2024-12-20", "close": 282.0, "volume": 493, "typical_volume": 368.5, "trend": 295.968335, "fair_value": 278.116346, "relative_strength": 0.328928, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.343231, "energy": 42.10411, "activity_lines": [ 287.280003, 287.711821, 291.049764, 293.083658 ] }, { "date": "2024-12-27", "close": 287.700012, "volume": 143, "typical_volume": 353.95, "trend": 295.186669, "fair_value": 277.770833, "relative_strength": 0.491753, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.613656, "energy": 28.805888, "activity_lines": [ 287.42334, 287.421822, 290.543336, 292.550218 ] }, { "date": "2025-01-03", "close": 288.5, "volume": 68, "typical_volume": 355.2, "trend": 294.621668, "fair_value": 277.422756, "relative_strength": 0.38931, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.271563, "energy": 29.153779, "activity_lines": [ 287.613338, 287.509094, 290.115479, 292.11882 ] }, { "date": "2025-01-10", "close": 284.25, "volume": 362, "typical_volume": 340.0, "trend": 294.353336, "fair_value": 277.102885, "relative_strength": -2.525977, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -61.465419, "energy": 40.839827, "activity_lines": [ 286.296669, 286.92273, 289.324764, 291.44968 ] }, { "date": "2025-01-17", "close": 291.450012, "volume": 148, "typical_volume": 333.9, "trend": 294.090002, "fair_value": 276.901923, "relative_strength": -1.768173, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.708912, "energy": 20.709916, "activity_lines": [ 287.810006, 287.710914, 289.299289, 291.262368 ] }, { "date": "2025-01-24", "close": 297.200012, "volume": 32, "typical_volume": 282.5, "trend": 294.155003, "fair_value": 276.789423, "relative_strength": -2.279827, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -6.584502, "energy": 9.97564, "activity_lines": [ 291.283341, 289.52637, 289.861909, 291.463014 ] }, { "date": "2025-01-31", "close": 300.899994, "volume": 212, "typical_volume": 290.4, "trend": 294.018336, "fair_value": 276.652244, "relative_strength": -3.498997, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.272358, "energy": 30.293175, "activity_lines": [ 294.97667, 291.772732, 290.737861, 291.898175 ] }, { "date": "2025-02-07", "close": 303.600006, "volume": 1000, "typical_volume": 333.0, "trend": 293.765002, "fair_value": 276.515064, "relative_strength": -2.587341, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.508806, "energy": 49.063305, "activity_lines": [ 298.690004, 294.210005, 291.839528, 292.516347 ] }, { "date": "2025-02-14", "close": 306.200012, "volume": 561, "typical_volume": 347.75, "trend": 293.801669, "fair_value": 276.453847, "relative_strength": -3.596307, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.597611, "energy": 68.192256, "activity_lines": [ 302.26334, 296.820915, 293.171195, 293.318606 ] }, { "date": "2025-02-21", "close": 306.350006, "volume": 167, "typical_volume": 350.45, "trend": 293.985003, "fair_value": 276.469872, "relative_strength": -4.331496, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.612637, "energy": 82.522459, "activity_lines": [ 304.42334, 299.177279, 294.509529, 294.128176 ] }, { "date": "2025-02-28", "close": 299.950012, "volume": 1280, "typical_volume": 410.1, "trend": 294.215003, "fair_value": 276.613141, "relative_strength": -6.635401, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.5393, "energy": 72.684113, "activity_lines": [ 303.456675, 300.110916, 295.196434, 294.513015 ] }, { "date": "2025-03-07", "close": 305.450012, "volume": 438, "typical_volume": 408.3, "trend": 294.790003, "fair_value": 276.683334, "relative_strength": -5.37601, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.971483, "energy": 59.100549, "activity_lines": [ 304.14001, 301.71819, 296.386673, 295.237855 ] }, { "date": "2025-03-14", "close": 307.399994, "volume": 476, "typical_volume": 422.15, "trend": 295.12667, "fair_value": 276.675321, "relative_strength": -3.552274, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.414183, "energy": 48.946271, "activity_lines": [ 305.170005, 303.357279, 297.738815, 296.051402 ] }, { "date": "2025-03-21", "close": 307.700012, "volume": 156, "typical_volume": 425.45, "trend": 295.35167, "fair_value": 276.685898, "relative_strength": -4.528219, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.016075, "energy": 48.494387, "activity_lines": [ 306.046673, 304.70728, 299.055482, 296.862586 ] }, { "date": "2025-03-28", "close": 304.299988, "volume": 574, "typical_volume": 444.25, "trend": 295.496669, "fair_value": 276.670834, "relative_strength": -3.746537, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.813231, "energy": 45.257761, "activity_lines": [ 305.69, 305.012731, 299.953814, 297.439897 ] }, { "date": "2025-04-04", "close": 270.049988, "volume": 305, "typical_volume": 442.85, "trend": 294.865002, "fair_value": 276.451924, "relative_strength": -5.679538, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -21.955483, "energy": 20.890217, "activity_lines": [ 294.053329, 298.857273, 297.524289, 295.798175 ] }, { "date": "2025-04-11", "close": 266.850006, "volume": 730, "typical_volume": 394.3, "trend": 293.950003, "fair_value": 276.204808, "relative_strength": -3.262807, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -43.099448, "energy": 44.649028, "activity_lines": [ 283.343331, 292.613637, 294.855956, 293.990756 ] }, { "date": "2025-04-18", "close": 278.25, "volume": 128, "typical_volume": 400.5, "trend": 293.228337, "fair_value": 276.007693, "relative_strength": -2.681876, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.180906, "energy": 49.21372, "activity_lines": [ 279.006665, 289.061819, 293.356908, 292.977853 ] }, { "date": "2025-04-25", "close": 292.850006, "volume": 223, "typical_volume": 388.1, "trend": 292.83667, "fair_value": 275.958013, "relative_strength": 0.097774, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.471264, "energy": 39.544465, "activity_lines": [ 281.480001, 288.625456, 293.290717, 292.953444 ] }, { "date": "2025-05-02", "close": 301.899994, "volume": 60, "typical_volume": 377.8, "trend": 292.98167, "fair_value": 276.042308, "relative_strength": 0.686596, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -0.456145, "energy": 18.567844, "activity_lines": [ 287.96, 290.077272, 294.076192, 293.538175 ] }, { "date": "2025-05-09", "close": 303.149994, "volume": 428, "typical_volume": 374.55, "trend": 293.23167, "fair_value": 276.144552, "relative_strength": 2.550881, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.605503, "energy": 19.080147, "activity_lines": [ 295.016665, 291.837271, 294.934049, 294.194196 ] }, { "date": "2025-05-16", "close": 315.350006, "volume": 3526, "typical_volume": 543.7, "trend": 293.728337, "fair_value": 276.307052, "relative_strength": 4.556984, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.833809, "energy": 47.380954, "activity_lines": [ 303.933333, 295.757272, 296.853097, 295.621185 ] }, { "date": "2025-05-23", "close": 310.149994, "volume": 96, "typical_volume": 545.1, "trend": 294.268336, "fair_value": 276.408654, "relative_strength": 4.061159, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.700781, "energy": 51.237041, "activity_lines": [ 307.883331, 298.551817, 298.145239, 296.680647 ] }, { "date": "2025-05-30", "close": 318.799988, "volume": 267, "typical_volume": 540.35, "trend": 295.300002, "fair_value": 276.551603, "relative_strength": 6.702781, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.846766, "energy": 75.602368, "activity_lines": [ 312.589994, 302.869087, 300.158094, 298.263334 ] }, { "date": "2025-06-06", "close": 322.700012, "volume": 567, "typical_volume": 561.3, "trend": 296.375002, "fair_value": 276.783975, "relative_strength": 6.695015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.504757, "energy": 82.555878, "activity_lines": [ 316.866667, 307.693636, 302.377857, 300.031077 ] }, { "date": "2025-06-13", "close": 319.799988, "volume": 600, "typical_volume": 589.7, "trend": 297.571668, "fair_value": 277.133975, "relative_strength": 7.478465, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.658882, "energy": 77.310019, "activity_lines": [ 318.789996, 311.656361, 304.172618, 301.542366 ] }, { "date": "2025-06-20", "close": 316.399994, "volume": 49, "typical_volume": 581.55, "trend": 298.638335, "fair_value": 277.475, "relative_strength": 8.648538, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.616995, "energy": 69.703524, "activity_lines": [ 318.469995, 314.09636, 305.535951, 302.757097 ] }, { "date": "2025-06-27", "close": 322.149994, "volume": 26, "typical_volume": 532.85, "trend": 299.805002, "fair_value": 277.908654, "relative_strength": 9.421033, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.565924, "energy": 62.785304, "activity_lines": [ 319.996661, 316.680905, 307.373093, 304.273978 ] }, { "date": "2025-07-04", "close": 321.0, "volume": 557, "typical_volume": 532.65, "trend": 300.815001, "fair_value": 278.294231, "relative_strength": 8.982929, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.931377, "energy": 59.253704, "activity_lines": [ 320.339996, 318.258178, 309.012379, 305.641397 ] }, { "date": "2025-07-11", "close": 324.299988, "volume": 43, "typical_volume": 526.45, "trend": 301.888334, "fair_value": 278.7375, "relative_strength": 10.253737, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.910461, "energy": 72.006824, "activity_lines": [ 321.63666, 319.923631, 310.895473, 307.156558 ] }, { "date": "2025-07-18", "close": 323.75, "volume": 219, "typical_volume": 473.4, "trend": 303.280001, "fair_value": 279.090705, "relative_strength": 9.481875, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.364133, "energy": 78.493728, "activity_lines": [ 322.643329, 321.081814, 312.640711, 308.566988 ] }, { "date": "2025-07-25", "close": 327.399994, "volume": 79, "typical_volume": 455.45, "trend": 304.603334, "fair_value": 279.458654, "relative_strength": 10.725585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.201354, "energy": 85.786626, "activity_lines": [ 324.603329, 322.529086, 314.620234, 310.123116 ] }, { "date": "2025-08-01", "close": 325.049988, "volume": 330, "typical_volume": 448.15, "trend": 305.821666, "fair_value": 279.795513, "relative_strength": 10.802822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.363277, "energy": 80.508958, "activity_lines": [ 325.046659, 323.329994, 316.271424, 311.442255 ] }, { "date": "2025-08-08", "close": 327.950012, "volume": 375, "typical_volume": 459.1, "trend": 307.278334, "fair_value": 280.144551, "relative_strength": 11.211886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.0109, "energy": 71.699734, "activity_lines": [ 326.263332, 324.38727, 318.114759, 312.86989 ] }, { "date": "2025-08-15", "close": 328.75, "volume": 92, "typical_volume": 435.0, "trend": 308.521666, "fair_value": 280.552885, "relative_strength": 9.327562, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.789421, "energy": 78.292169, "activity_lines": [ 327.283333, 325.423634, 319.937854, 314.255159 ] }, { "date": "2025-08-22", "close": 331.799988, "volume": 24, "typical_volume": 420.95, "trend": 309.674999, "fair_value": 281.03718, "relative_strength": 8.40353, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.193255, "energy": 74.663926, "activity_lines": [ 329.02333, 326.904542, 321.934996, 315.756986 ] }, { "date": "2025-08-29", "close": 326.350006, "volume": 212, "typical_volume": 395.05, "trend": 310.523333, "fair_value": 281.496795, "relative_strength": 7.07954, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.106372, "energy": 68.22221, "activity_lines": [ 328.41, 327.176362, 323.119045, 316.832793 ] }, { "date": "2025-09-05", "close": 321.850006, "volume": 953, "typical_volume": 436.3, "trend": 311.131666, "fair_value": 281.941667, "relative_strength": 3.901205, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.248, "energy": 48.703339, "activity_lines": [ 326.366669, 326.449091, 323.591188, 317.563546 ] }, { "date": "2025-09-12", "close": 324.899994, "volume": 671, "typical_volume": 458.7, "trend": 311.754999, "fair_value": 282.471154, "relative_strength": 6.226681, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.699695, "energy": 41.003916, "activity_lines": [ 325.553333, 326.281817, 324.146188, 318.451826 ] }, { "date": "2025-09-19", "close": 324.5, "volume": 111, "typical_volume": 461.25, "trend": 312.359999, "fair_value": 283.107051, "relative_strength": 6.697146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.446646, "energy": 27.460317, "activity_lines": [ 324.81, 325.970908, 324.510474, 319.274084 ] }, { "date": "2025-09-26", "close": 321.399994, "volume": 415, "typical_volume": 460.6, "trend": 313.074998, "fair_value": 283.735897, "relative_strength": 7.103629, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.109314, "energy": 25.106784, "activity_lines": [ 323.316665, 325.092726, 324.471902, 319.857309 ] }, { "date": "2025-10-03", "close": 329.100006, "volume": 365, "typical_volume": 302.55, "trend": 313.863331, "fair_value": 284.392949, "relative_strength": 4.486191, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.844493, "energy": 30.827617, "activity_lines": [ 325.083333, 325.657273, 325.07976, 320.891181 ] }, { "date": "2025-10-10", "close": 328.899994, "volume": 179, "typical_volume": 306.7, "trend": 314.579998, "fair_value": 285.029808, "relative_strength": 4.476543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.013625, "energy": 38.747509, "activity_lines": [ 326.599998, 326.154544, 325.603093, 321.861288 ] }, { "date": "2025-10-17", "close": 320.350006, "volume": 152, "typical_volume": 300.95, "trend": 315.001664, "fair_value": 285.596474, "relative_strength": 0.37459, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.903063, "energy": 14.108363, "activity_lines": [ 324.796667, 325.027273, 325.222856, 322.233547 ] }, { "date": "2025-10-24", "close": 327.450012, "volume": 162, "typical_volume": 280.7, "trend": 315.773332, "fair_value": 286.120192, "relative_strength": 3.07077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.884747, "energy": 28.300214, "activity_lines": [ 325.663338, 325.329093, 325.511429, 323.036666 ] }, { "date": "2025-10-31", "close": 325.850006, "volume": 362, "typical_volume": 268.8, "trend": 317.633332, "fair_value": 286.619551, "relative_strength": 5.158079, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.31205, "energy": 20.659783, "activity_lines": [ 325.800006, 325.36364, 325.625001, 323.686774 ] }, { "date": "2025-11-07", "close": 316.5, "volume": 652, "typical_volume": 298.95, "trend": 319.288332, "fair_value": 286.980128, "relative_strength": 1.524338, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.877221, "energy": 11.35193, "activity_lines": [ 322.523338, 323.806366, 324.819287, 323.613656 ] }, { "date": "2025-11-14", "close": 313.25, "volume": 723, "typical_volume": 333.8, "trend": 320.454999, "fair_value": 287.322116, "relative_strength": -2.217938, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.320482, "energy": 32.227437, "activity_lines": [ 319.003337, 321.837275, 323.703573, 323.224086 ] }, { "date": "2025-11-21", "close": 310.399994, "volume": 817, "typical_volume": 346.8, "trend": 321.039998, "fair_value": 287.61891, "relative_strength": -3.116954, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.483087, "energy": 57.606132, "activity_lines": [ 315.576666, 319.506365, 322.35881, 322.575376 ] }, { "date": "2025-11-28", "close": 326.75, "volume": 156, "typical_volume": 352.45, "trend": 321.868332, "fair_value": 288.011539, "relative_strength": 0.306755, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.65349, "energy": 32.012931, "activity_lines": [ 318.263332, 320.411819, 322.621667, 322.943763 ] }, { "date": "2025-12-05", "close": 326.950012, "volume": 106, "typical_volume": 346.8, "trend": 322.661666, "fair_value": 288.440385, "relative_strength": -0.470942, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -5.145442, "energy": 10.346521, "activity_lines": [ 321.063336, 321.31273, 322.891907, 323.271613 ] }, { "date": "2025-12-12", "close": 325.549988, "volume": 78, "typical_volume": 346.75, "trend": 323.001665, "fair_value": 288.903846, "relative_strength": -0.543053, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.813682, "energy": 8.026641, "activity_lines": [ 323.323332, 321.858182, 323.013572, 323.457957 ] }, { "date": "2025-12-19", "close": 330.200012, "volume": 395, "typical_volume": 350.0, "trend": 323.669999, "fair_value": 289.38718, "relative_strength": -1.322651, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.537719, "energy": 26.770279, "activity_lines": [ 326.530003, 323.313639, 323.586906, 323.922366 ] }, { "date": "2025-12-26", "close": 330.700012, "volume": 16, "typical_volume": 332.05, "trend": 324.066667, "fair_value": 289.861539, "relative_strength": -1.713685, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.221257, "energy": 38.831851, "activity_lines": [ 328.77334, 324.836367, 324.183336, 324.375916 ] }, { "date": "2026-01-02", "close": 334.899994, "volume": 7, "typical_volume": 327.8, "trend": 324.473333, "fair_value": 290.3125, "relative_strength": -0.682368, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.044471, "energy": 65.077452, "activity_lines": [ 331.063336, 326.934548, 325.166669, 325.07484 ] }, { "date": "2026-01-09", "close": 344.950012, "volume": 1757, "typical_volume": 414.45, "trend": 325.311667, "fair_value": 290.764744, "relative_strength": 0.999807, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.040035, "energy": 80.321478, "activity_lines": [ 336.160006, 330.724549, 327.07786, 326.395916 ] }, { "date": "2026-01-16", "close": 347.5, "volume": 465, "typical_volume": 427.1, "trend": 326.348334, "fair_value": 291.225962, "relative_strength": 1.685955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.90533, "energy": 87.555222, "activity_lines": [ 340.906671, 334.630913, 329.169289, 327.827421 ] }, { "date": "2026-01-23", "close": 346.399994, "volume": 1826, "typical_volume": 470.75, "trend": 327.156667, "fair_value": 291.645513, "relative_strength": 3.250102, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.722065, "energy": 85.28125, "activity_lines": [ 343.823334, 337.773638, 331.05524, 329.121077 ] }, { "date": "2026-01-30", "close": 342.5, "volume": 438, "typical_volume": 459.1, "trend": 327.873334, "fair_value": 292.028526, "relative_strength": 1.60972, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.792485, "energy": 81.906986, "activity_lines": [ 344.36, 339.604547, 332.452859, 330.110969 ] }, { "date": "2026-02-06", "close": 343.950012, "volume": 554, "typical_volume": 481.25, "trend": 328.528335, "fair_value": 292.453526, "relative_strength": 0.077955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.795852, "energy": 77.247252, "activity_lines": [ 344.593337, 341.115458, 333.904765, 331.148174 ] }, { "date": "2026-02-13", "close": 342.350006, "volume": 2359, "typical_volume": 578.45, "trend": 329.148335, "fair_value": 292.847116, "relative_strength": -1.723296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.662833, "energy": 54.119894, "activity_lines": [ 343.690004, 342.022731, 335.11167, 332.039895 ] }, { "date": "2026-02-20", "close": 344.649994, "volume": 1537, "typical_volume": 637.05, "trend": 329.723335, "fair_value": 293.275, "relative_strength": -3.000525, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.189373, "energy": 50.378155, "activity_lines": [ 343.726668, 343.068184, 336.437859, 333.040002 ] }, { "date": "2026-02-27", "close": 345.350006, "volume": 633, "typical_volume": 659.75, "trend": 330.400002, "fair_value": 293.666667, "relative_strength": -3.988946, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.995827, "energy": 52.534623, "activity_lines": [ 344.18667, 343.893639, 337.756669, 334.048174 ] }, { "date": "2026-03-06", "close": 334.700012, "volume": 446, "typical_volume": 674.45, "trend": 330.625002, "fair_value": 294.081411, "relative_strength": -0.58546, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.329328, "energy": 31.124434, "activity_lines": [ 341.166673, 342.507277, 337.982861, 334.325594 ] }, { "date": "2026-03-13", "close": 322.450012, "volume": 203, "typical_volume": 676.5, "trend": 330.415002, "fair_value": 294.480449, "relative_strength": -2.408337, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.941968, "energy": 14.524929, "activity_lines": [ 334.583341, 338.820915, 336.974052, 333.798176 ] }, { "date": "2026-03-20", "close": 313.100006, "volume": 621, "typical_volume": 689.45, "trend": 329.79167, "fair_value": 294.823078, "relative_strength": -1.390524, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -42.083793, "energy": 42.964137, "activity_lines": [ 326.316675, 333.660915, 335.098576, 332.681079 ] }, { "date": "2026-03-27", "close": 318.0, "volume": 636, "typical_volume": 688.65, "trend": 329.513336, "fair_value": 295.120513, "relative_strength": -1.950343, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.267519, "energy": 44.124122, "activity_lines": [ 321.633339, 329.970914, 333.750481, 331.920326 ] }, { "date": "2026-04-03", "close": 328.950012, "volume": 58, "typical_volume": 655.4, "trend": 329.750003, "fair_value": 295.509296, "relative_strength": -1.948317, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.658502, "energy": 38.278257, "activity_lines": [ 322.376674, 328.808189, 333.4381, 331.883983 ] }, { "date": "2026-04-10", "close": 341.75, "volume": 37, "typical_volume": 616.4, "trend": 330.31167, "fair_value": 295.945513, "relative_strength": 0.148932, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.58827, "energy": 17.39479, "activity_lines": [ 328.480005, 330.290006, 334.270005, 332.658176 ] }, { "date": "2026-04-17", "close": 353.600006, "volume": 159, "typical_volume": 616.55, "trend": 331.28167, "fair_value": 296.489424, "relative_strength": 1.55613, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.982588, "energy": 32.291874, "activity_lines": [ 338.063338, 333.940006, 336.081195, 334.160649 ] }, { "date": "2026-04-24", "close": 344.350006, "volume": 461, "typical_volume": 634.3, "trend": 332.04667, "fair_value": 296.946475, "relative_strength": 0.708264, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.996218, "energy": 40.03045, "activity_lines": [ 342.486672, 335.732733, 336.883577, 335.003768 ] }, { "date": "2026-05-01", "close": 344.100006, "volume": 42, "typical_volume": 632.5, "trend": 332.54667, "fair_value": 297.400321, "relative_strength": 0.775009, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.882746, "energy": 43.101624, "activity_lines": [ 344.743339, 337.443642, 337.579291, 335.781402 ] }, { "date": "2026-05-08", "close": 348.649994, "volume": 182, "typical_volume": 621.85, "trend": 333.205004, "fair_value": 297.892629, "relative_strength": 2.269315, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.485674, "energy": 60.932396, "activity_lines": [ 346.776668, 339.991822, 338.620004, 336.820327 ] }, { "date": "2026-05-15", "close": 342.700012, "volume": 69, "typical_volume": 624.5, "trend": 333.950004, "fair_value": 298.347437, "relative_strength": -0.411244, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.991386, "energy": 50.929915, "activity_lines": [ 345.513338, 341.398187, 339.006195, 337.432908 ] }, { "date": "2026-05-22", "close": 351.950012, "volume": 68, "typical_volume": 627.55, "trend": 334.766671, "fair_value": 298.904488, "relative_strength": 0.085717, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.269999, "energy": 44.715966, "activity_lines": [ 347.270007, 344.340915, 340.216196, 338.594199 ] }, { "date": "2026-05-29", "close": 354.25, "volume": 684, "typical_volume": 573.9, "trend": 335.713337, "fair_value": 299.441988, "relative_strength": 0.440028, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.494128, "energy": 46.602874, "activity_lines": [ 349.903339, 347.16546, 341.564053, 339.851188 ] }, { "date": "2026-06-05", "close": 352.75, "volume": 8, "typical_volume": 551.05, "trend": 336.92167, "fair_value": 299.975322, "relative_strength": 1.149528, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.985631, "energy": 48.731133, "activity_lines": [ 351.37667, 348.969095, 342.724767, 340.950327 ] }, { "date": "2026-06-12", "close": 354.399994, "volume": 33, "typical_volume": 461.4, "trend": 338.293337, "fair_value": 300.49904, "relative_strength": -0.713158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.621973, "energy": 65.384724, "activity_lines": [ 352.823334, 350.440911, 344.017623, 342.077961 ] }, { "date": "2026-06-19", "close": 354.950012, "volume": 24, "typical_volume": 440.7, "trend": 339.778338, "fair_value": 301.082052, "relative_strength": -0.970977, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.476774, "energy": 67.702984, "activity_lines": [ 354.070003, 351.550004, 345.324766, 343.152585 ] }, { "date": "2026-06-26", "close": 349.399994, "volume": 1, "typical_volume": 413.05, "trend": 340.533337, "fair_value": 301.604488, "relative_strength": -5.10475, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.087783, "energy": 57.433975, "activity_lines": [ 352.65, 351.410002, 346.044051, 343.773337 ] }, { "date": "2026-07-03", "close": 357.549988, "volume": 17, "typical_volume": 295.95, "trend": 341.553337, "fair_value": 302.234616, "relative_strength": -4.441503, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.699283, "energy": 62.440497, "activity_lines": [ 354.116663, 352.828181, 347.513573, 344.871186 ] }, { "date": "2026-07-10", "close": 352.899994, "volume": 291, "typical_volume": 233.65, "trend": 342.465003, "fair_value": 302.790065, "relative_strength": -4.262401, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.701082, "energy": 44.419696, "activity_lines": [ 353.813328, 353.160907, 348.467858, 345.603228 ] }, { "date": "2026-07-17", "close": 357.5, "volume": 0, "typical_volume": 202.0, "trend": 343.375003, "fair_value": 303.360898, "relative_strength": -3.598946, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.22031, "energy": 53.654913, "activity_lines": [ 355.033329, 354.169998, 349.820953, 346.573228 ] }, { "date": "2026-07-24", "close": 359.149994, "volume": 74, "typical_volume": 183.4, "trend": 344.323336, "fair_value": 303.925962, "relative_strength": -2.875125, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.138275, "energy": 71.869808, "activity_lines": [ 356.596661, 355.318179, 351.273333, 347.590969 ] }, { "date": "2026-07-31", "close": 364.350006, "volume": 38, "typical_volume": 175.15, "trend": 345.305003, "fair_value": 304.548398, "relative_strength": -1.447274, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.863602, "energy": 80.455151, "activity_lines": [ 359.613332, 357.112725, 353.104524, 348.883012 ] }, { "date": "2026-08-07", "close": 372.399994, "volume": 243, "typical_volume": 156.25, "trend": 346.220002, "fair_value": 305.237821, "relative_strength": -0.495505, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.428536, "energy": 94.552914, "activity_lines": [ 364.316665, 360.145452, 355.502857, 350.631076 ] } ], "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." } } }