{ "ticker": { "uuid": "8dd46e3c-74ce-4e8d-855c-89977bde1ce3", "symbol": "XMJD", "name": "Xtrackers MSCI Japan UCITS ETF 1C", "exchange": "LSE", "country": "GB", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 70.648, "architecture_energy": 34.738, "architecture_maturity": 50.087, "architecture_confidence": 93.03, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 31.7, "rotation_up": 39.59, "upward_expansion": 66.12, "deceleration": 91.07, "rotation_down": 27.88, "downward_expansion": 13.12 }, "activity_lines": [ 117.267999, 117.220182, 116.005286, 114.233796 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 121.339996, "trend_reference": 112.243333, "distance_from_trend": 0.081044, "trend_direction": "Improving", "fair_value": 88.361347, "distance_from_fair_value": 0.373225, "fair_value_direction": "Improving", "relative_strength": 5.357246, "relative_strength_direction": "Weakening", "price_momentum": 0.094929, "excess_performance": 0.043693, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.081044, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.051803, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.373225, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.016081, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.053572, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.036485, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.094929, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 8.160358, "read": "Demand-led" } ], "volume": { "latest": 367864, "relative_activity": 2.63548, "balance": 8.160358, "dry_up": 0.82991, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.033143, "annualized_volatility": 0.233961, "from_high_reference": -0.002466, "from_low_reference": 0.310792 }, "levels": { "trend_reference": 112.243333, "fair_value_reference": 88.361347, "structural_low": 99.900002, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.014768, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.015326, "regime_survival": 0.5, "best_return": 0.105145, "worst_return": -0.037047, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.031863, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.013938, "regime_survival": 0.0, "best_return": 0.178697, "worst_return": -0.101203, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.08314, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.070524, "regime_survival": 0.0, "best_return": 0.014899, "worst_return": -0.181179, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.046171, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.077402, "regime_survival": 0.0, "best_return": 0.077141, "worst_return": -0.169484, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-23", "end": "2024-09-20", "tenure": "Developing", "return": -0.008839, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-10-25", "tenure": "Developing", "return": -0.06356, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-01", "end": "2024-11-15", "tenure": "New", "return": -0.01067, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.023291, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-06", "end": "2025-01-10", "tenure": "Developing", "return": -0.066434, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.04001, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-03-21", "tenure": "Developing", "return": 0.037959, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-28", "end": "2025-03-28", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.095543, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-05-09", "tenure": "New", "return": 0.02503, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2026-03-13", "tenure": "Extended", "return": 0.21367, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": 0.078834, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-07-24", "tenure": "Developing", "return": 0.004621, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.051428, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 67.559998, "volume": 3275, "typical_volume": 11663.95, "trend": 66.841333, "fair_value": 68.403526, "relative_strength": 9.956919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.763767, "energy": 15.813458, "activity_lines": [ 69.764332, 70.290362, 69.940166, 68.864074 ] }, { "date": "2023-08-25", "close": 68.160004, "volume": 17815, "typical_volume": 12323.85, "trend": 67.328, "fair_value": 68.437468, "relative_strength": 9.539412, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.4842, "energy": 18.632821, "activity_lines": [ 69.005667, 69.857, 69.851571, 68.94915 ] }, { "date": "2023-09-01", "close": 70.525002, "volume": 7726, "typical_volume": 12511.65, "trend": 67.8655, "fair_value": 68.490353, "relative_strength": 11.116913, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.007814, "energy": 20.055974, "activity_lines": [ 69.230668, 69.927818, 69.974047, 69.155408 ] }, { "date": "2023-09-08", "close": 70.355003, "volume": 1652, "typical_volume": 12430.0, "trend": 68.026, "fair_value": 68.534103, "relative_strength": 10.321527, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.879955, "energy": 16.719094, "activity_lines": [ 69.558336, 69.94491, 70.058976, 69.316021 ] }, { "date": "2023-09-15", "close": 72.029999, "volume": 4879, "typical_volume": 12163.9, "trend": 68.288, "fair_value": 68.582789, "relative_strength": 9.209226, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.17612, "energy": 28.697086, "activity_lines": [ 70.468335, 70.267455, 70.284643, 69.574344 ] }, { "date": "2023-09-22", "close": 70.764999, "volume": 8707, "typical_volume": 11700.8, "trend": 68.5525, "fair_value": 68.630577, "relative_strength": 7.391171, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.18282, "energy": 36.640558, "activity_lines": [ 70.814667, 70.324728, 70.361833, 69.73415 ] }, { "date": "2023-09-29", "close": 68.974998, "volume": 7011, "typical_volume": 10588.0, "trend": 68.702333, "fair_value": 68.664423, "relative_strength": 5.47402, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 24.604509, "energy": 19.287678, "activity_lines": [ 70.350666, 70.065364, 70.25119, 69.761408 ] }, { "date": "2023-10-06", "close": 67.364998, "volume": 7665, "typical_volume": 10682.4, "trend": 68.788666, "fair_value": 68.68343, "relative_strength": 4.355889, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.940008, "energy": 5.675754, "activity_lines": [ 69.295665, 69.551727, 69.982523, 69.675129 ] }, { "date": "2023-10-13", "close": 67.894997, "volume": 15047, "typical_volume": 10953.25, "trend": 68.947166, "fair_value": 68.709327, "relative_strength": 3.509889, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.008247, "energy": 27.205813, "activity_lines": [ 68.627998, 69.235363, 69.771023, 69.617472 ] }, { "date": "2023-10-20", "close": 66.339996, "volume": 838, "typical_volume": 10640.75, "trend": 69.014333, "fair_value": 68.723237, "relative_strength": 3.588904, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.236004, "energy": 52.660704, "activity_lines": [ 67.605997, 68.687544, 69.41207, 69.449268 ] }, { "date": "2023-10-27", "close": 66.114998, "volume": 43185, "typical_volume": 11960.35, "trend": 69.010999, "fair_value": 68.742468, "relative_strength": 4.555252, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.864419, "energy": 64.622591, "activity_lines": [ 66.888331, 68.163544, 69.048642, 69.262214 ] }, { "date": "2023-11-03", "close": 70.790001, "volume": 5658, "typical_volume": 11355.7, "trend": 69.197833, "fair_value": 68.768301, "relative_strength": 9.607681, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.557858, "energy": 32.614441, "activity_lines": [ 68.038998, 68.515817, 69.152642, 69.376988 ] }, { "date": "2023-11-10", "close": 68.514999, "volume": 1813, "typical_volume": 10934.6, "trend": 69.280333, "fair_value": 68.770128, "relative_strength": 6.693405, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.633182, "energy": 19.015236, "activity_lines": [ 68.310332, 68.406635, 69.04688, 69.332935 ] }, { "date": "2023-11-17", "close": 70.889999, "volume": 4072, "typical_volume": 10430.15, "trend": 69.429666, "fair_value": 68.776923, "relative_strength": 8.002238, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.339024, "energy": 12.364652, "activity_lines": [ 69.296666, 68.765817, 69.170904, 69.436784 ] }, { "date": "2023-11-24", "close": 71.339996, "volume": 1057, "typical_volume": 10349.9, "trend": 69.602666, "fair_value": 68.773622, "relative_strength": 8.658056, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 13.713345, "energy": 24.229641, "activity_lines": [ 70.233332, 69.197089, 69.335475, 69.560031 ] }, { "date": "2023-12-01", "close": 71.709999, "volume": 220, "typical_volume": 9330.0, "trend": 69.755666, "fair_value": 68.774872, "relative_strength": 8.334182, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.50922, "energy": 35.066375, "activity_lines": [ 70.959998, 69.70818, 69.529332, 69.695988 ] }, { "date": "2023-12-08", "close": 71.375, "volume": 9058, "typical_volume": 9638.9, "trend": 69.868499, "fair_value": 68.774968, "relative_strength": 7.219528, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.625432, "energy": 44.05168, "activity_lines": [ 71.201999, 70.14118, 69.689094, 69.800461 ] }, { "date": "2023-12-15", "close": 72.440002, "volume": 21884, "typical_volume": 10368.7, "trend": 69.990833, "fair_value": 68.773974, "relative_strength": 8.225084, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.77663, "energy": 54.431242, "activity_lines": [ 71.76, 70.724181, 69.948928, 69.966365 ] }, { "date": "2023-12-22", "close": 73.114998, "volume": 7959, "typical_volume": 10321.95, "trend": 70.160333, "fair_value": 68.782917, "relative_strength": 7.230084, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.793614, "energy": 70.884836, "activity_lines": [ 72.281333, 71.337636, 70.275309, 70.167924 ] }, { "date": "2023-12-29", "close": 74.379997, "volume": 1161, "typical_volume": 8534.1, "trend": 70.309666, "fair_value": 68.787276, "relative_strength": 8.265447, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.692564, "energy": 77.672573, "activity_lines": [ 73.075999, 72.086181, 70.710737, 70.44016 ] }, { "date": "2024-01-05", "close": 73.959999, "volume": 4339, "typical_volume": 8587.3, "trend": 70.415832, "fair_value": 68.779519, "relative_strength": 7.881434, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.965306, "energy": 80.095788, "activity_lines": [ 73.527999, 72.612181, 71.084832, 70.675666 ] }, { "date": "2024-01-12", "close": 77.059998, "volume": 12828, "typical_volume": 8337.95, "trend": 70.576499, "fair_value": 68.793173, "relative_strength": 12.881622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.668933, "energy": 91.946335, "activity_lines": [ 74.863332, 73.55918, 71.723689, 71.104321 ] }, { "date": "2024-01-19", "close": 75.760002, "volume": 22357, "typical_volume": 9069.5, "trend": 70.792832, "fair_value": 68.797724, "relative_strength": 12.581402, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.827059, "energy": 85.127376, "activity_lines": [ 75.386333, 74.155817, 72.196356, 71.438741 ] }, { "date": "2024-01-26", "close": 75.919998, "volume": 12101, "typical_volume": 9591.95, "trend": 70.976666, "fair_value": 68.815929, "relative_strength": 9.548307, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.853436, "energy": 80.390621, "activity_lines": [ 75.741332, 74.649817, 72.659332, 71.769526 ] }, { "date": "2024-02-02", "close": 76.599998, "volume": 86166, "typical_volume": 13656.3, "trend": 71.193666, "fair_value": 68.823429, "relative_strength": 10.073793, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.847939, "energy": 86.514099, "activity_lines": [ 76.135999, 75.175999, 73.16057, 72.132322 ] }, { "date": "2024-02-09", "close": 76.760002, "volume": 17625, "typical_volume": 14102.2, "trend": 71.377332, "fair_value": 68.816859, "relative_strength": 10.504901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.816403, "energy": 80.044759, "activity_lines": [ 76.436, 75.635636, 73.655285, 72.49144 ] }, { "date": "2024-02-16", "close": 78.449997, "volume": 11590, "typical_volume": 14331.15, "trend": 71.622666, "fair_value": 68.820993, "relative_strength": 10.401707, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.117985, "energy": 89.021729, "activity_lines": [ 77.112666, 76.310726, 74.282404, 72.947741 ] }, { "date": "2024-02-23", "close": 79.93, "volume": 17037, "typical_volume": 14799.75, "trend": 71.856499, "fair_value": 68.856602, "relative_strength": 12.002929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.448586, "energy": 93.275063, "activity_lines": [ 78.189999, 77.126272, 75.005356, 73.483698 ] }, { "date": "2024-03-01", "close": 81.120003, "volume": 68126, "typical_volume": 17453.7, "trend": 72.203333, "fair_value": 68.907564, "relative_strength": 13.446469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.162778, "energy": 93.360468, "activity_lines": [ 79.386001, 78.022, 75.781809, 74.081343 ] }, { "date": "2024-03-08", "close": 82.614998, "volume": 10748, "typical_volume": 17949.2, "trend": 72.627166, "fair_value": 68.957468, "relative_strength": 15.303202, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.227657, "energy": 95.131052, "activity_lines": [ 80.733667, 79.044, 76.637666, 74.753064 ] }, { "date": "2024-03-15", "close": 80.339996, "volume": 7795, "typical_volume": 16179.7, "trend": 73.053166, "fair_value": 68.979904, "relative_strength": 10.738369, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.093699, "energy": 82.191025, "activity_lines": [ 80.921999, 79.502635, 77.199356, 75.250666 ] }, { "date": "2024-03-22", "close": 83.154999, "volume": 8520, "typical_volume": 16322.8, "trend": 73.552999, "fair_value": 69.026346, "relative_strength": 11.267506, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.696994, "energy": 78.229289, "activity_lines": [ 81.809999, 80.35709, 77.961404, 75.902397 ] }, { "date": "2024-03-29", "close": 82.43, "volume": 24607, "typical_volume": 17462.5, "trend": 73.949832, "fair_value": 69.073622, "relative_strength": 9.618625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.110003, "energy": 68.103283, "activity_lines": [ 82.142666, 80.968908, 78.595523, 76.475107 ] }, { "date": "2024-04-05", "close": 80.894997, "volume": 18600, "typical_volume": 18188.9, "trend": 74.301165, "fair_value": 69.107243, "relative_strength": 7.744687, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.842317, "energy": 63.166312, "activity_lines": [ 81.796998, 81.180362, 79.017189, 76.923182 ] }, { "date": "2024-04-12", "close": 80.32, "volume": 14280, "typical_volume": 18850.05, "trend": 74.577499, "fair_value": 69.134711, "relative_strength": 5.495553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.828131, "energy": 60.347143, "activity_lines": [ 81.274665, 81.196817, 79.336451, 77.311494 ] }, { "date": "2024-04-19", "close": 77.279999, "volume": 7238, "typical_volume": 19200.95, "trend": 74.794665, "fair_value": 69.148141, "relative_strength": 2.495382, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.945927, "energy": 33.236207, "activity_lines": [ 79.891999, 80.592908, 79.323428, 77.485848 ] }, { "date": "2024-04-26", "close": 77.519997, "volume": 50487, "typical_volume": 21272.4, "trend": 75.079499, "fair_value": 69.173718, "relative_strength": -0.491231, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.610552, "energy": 29.606358, "activity_lines": [ 78.793332, 80.02318, 79.306737, 77.661676 ] }, { "date": "2024-05-03", "close": 79.824997, "volume": 11166, "typical_volume": 20736.5, "trend": 75.494832, "fair_value": 69.202596, "relative_strength": 1.326271, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.420235, "energy": 27.218049, "activity_lines": [ 78.838664, 79.889453, 79.480308, 77.967837 ] }, { "date": "2024-05-10", "close": 78.75, "volume": 15042, "typical_volume": 21090.65, "trend": 75.856665, "fair_value": 69.239551, "relative_strength": -2.760464, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.658182, "energy": 23.848369, "activity_lines": [ 78.699332, 79.56218, 79.516332, 78.177848 ] }, { "date": "2024-05-17", "close": 79.610001, "volume": 23144, "typical_volume": 22189.8, "trend": 76.298999, "fair_value": 69.276538, "relative_strength": -1.656921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.943392, "energy": 13.891366, "activity_lines": [ 78.989666, 79.434363, 79.607428, 78.419999 ] }, { "date": "2024-05-24", "close": 79.294998, "volume": 27654, "typical_volume": 23355.55, "trend": 76.738332, "fair_value": 69.304134, "relative_strength": -0.958221, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.533098, "energy": 14.715084, "activity_lines": [ 79.222332, 79.303908, 79.643618, 78.613289 ] }, { "date": "2024-05-31", "close": 79.510002, "volume": 4002, "typical_volume": 22914.25, "trend": 77.028999, "fair_value": 69.32766, "relative_strength": -0.266834, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.244482, "energy": 17.203784, "activity_lines": [ 79.392333, 79.231545, 79.67488, 78.792107 ] }, { "date": "2024-06-07", "close": 79.830002, "volume": 17809, "typical_volume": 22686.85, "trend": 77.406166, "fair_value": 69.355673, "relative_strength": 0.434137, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.190518, "energy": 20.913501, "activity_lines": [ 79.536334, 79.283636, 79.724952, 78.972817 ] }, { "date": "2024-06-14", "close": 78.339996, "volume": 25900, "typical_volume": 23376.8, "trend": 77.654499, "fair_value": 69.384327, "relative_strength": -0.281379, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.506909, "energy": 11.214233, "activity_lines": [ 79.183333, 79.11209, 79.613737, 79.033064 ] }, { "date": "2024-06-21", "close": 77.080002, "volume": 49791, "typical_volume": 21558.05, "trend": 77.845833, "fair_value": 69.396859, "relative_strength": -2.980976, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -5.432528, "energy": 11.433057, "activity_lines": [ 78.437667, 78.757909, 79.370999, 78.995999 ] }, { "date": "2024-06-28", "close": 79.980003, "volume": 35938, "typical_volume": 22473.7, "trend": 78.121499, "fair_value": 69.433557, "relative_strength": 1.485984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.333572, "energy": 12.396669, "activity_lines": [ 78.827334, 78.98991, 79.402166, 79.133688 ] }, { "date": "2024-07-05", "close": 81.605003, "volume": 54815, "typical_volume": 24634.95, "trend": 78.462499, "fair_value": 69.476699, "relative_strength": 2.986349, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.260173, "energy": 20.909102, "activity_lines": [ 79.713002, 79.468274, 79.572762, 79.35843 ] }, { "date": "2024-07-12", "close": 83.489998, "volume": 16879, "typical_volume": 24627.05, "trend": 78.830833, "fair_value": 69.536891, "relative_strength": 4.628638, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.859759, "energy": 56.972675, "activity_lines": [ 81.087334, 80.215092, 79.907857, 79.682785 ] }, { "date": "2024-07-19", "close": 81.785004, "volume": 28458, "typical_volume": 22643.65, "trend": 79.119833, "fair_value": 69.583237, "relative_strength": 3.558627, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.234259, "energy": 60.870145, "activity_lines": [ 81.649335, 80.585274, 80.063619, 79.873376 ] }, { "date": "2024-07-26", "close": 79.989998, "volume": 56731, "typical_volume": 24942.8, "trend": 79.306833, "fair_value": 69.6225, "relative_strength": -0.338533, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.857017, "energy": 57.081592, "activity_lines": [ 81.383334, 80.57391, 80.045262, 79.929516 ] }, { "date": "2024-08-02", "close": 75.080002, "volume": 34905, "typical_volume": 26298.3, "trend": 79.344166, "fair_value": 69.626346, "relative_strength": -5.154958, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -23.436104, "energy": 9.763653, "activity_lines": [ 79.286668, 79.66291, 79.571786, 79.656817 ] }, { "date": "2024-08-09", "close": 75.764999, "volume": 40778, "typical_volume": 27911.2, "trend": 79.301, "fair_value": 69.628718, "relative_strength": -4.209575, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.818086, "energy": 31.578112, "activity_lines": [ 77.745, 78.953092, 79.188596, 79.425903 ] }, { "date": "2024-08-16", "close": 80.839996, "volume": 38958, "typical_volume": 28628.75, "trend": 79.470333, "fair_value": 69.680032, "relative_strength": 0.360157, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.707259, "energy": 19.339623, "activity_lines": [ 78.284332, 79.234091, 79.323929, 79.525193 ] }, { "date": "2024-08-23", "close": 83.714996, "volume": 22158, "typical_volume": 28806.65, "trend": 79.730166, "fair_value": 69.738205, "relative_strength": 3.56758, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 40.194483, "energy": 20.649471, "activity_lines": [ 79.958664, 80.019454, 79.740642, 79.799043 ] }, { "date": "2024-08-30", "close": 83.989998, "volume": 19895, "typical_volume": 29087.4, "trend": 79.976499, "fair_value": 69.773429, "relative_strength": 3.184154, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.107364, "energy": 50.272627, "activity_lines": [ 81.595997, 80.75709, 80.170119, 80.07387 ] }, { "date": "2024-09-06", "close": 79.529999, "volume": 129342, "typical_volume": 35192.6, "trend": 80.068833, "fair_value": 69.767948, "relative_strength": -0.027038, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.783165, "energy": 23.693121, "activity_lines": [ 81.479998, 80.55818, 80.157357, 80.045064 ] }, { "date": "2024-09-13", "close": 81.889999, "volume": 39806, "typical_volume": 34658.55, "trend": 80.183499, "fair_value": 69.776859, "relative_strength": 1.6877, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.052784, "energy": 31.025645, "activity_lines": [ 81.853998, 80.796544, 80.358642, 80.162559 ] }, { "date": "2024-09-20", "close": 82.974998, "volume": 15683, "typical_volume": 34884.4, "trend": 80.284999, "fair_value": 69.797532, "relative_strength": 3.396364, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.7976, "energy": 50.104964, "activity_lines": [ 82.181332, 81.226998, 80.642452, 80.342655 ] }, { "date": "2024-09-27", "close": 84.014999, "volume": 114815, "typical_volume": 39873.05, "trend": 80.381499, "fair_value": 69.847243, "relative_strength": 3.339756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.327205, "energy": 40.210787, "activity_lines": [ 82.712999, 81.855907, 81.010309, 80.5833 ] }, { "date": "2024-10-04", "close": 83.519997, "volume": 11937, "typical_volume": 39312.7, "trend": 80.411666, "fair_value": 69.903589, "relative_strength": 3.00707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.072781, "energy": 47.597855, "activity_lines": [ 83.059665, 82.354271, 81.305951, 80.785784 ] }, { "date": "2024-10-11", "close": 82.974998, "volume": 25457, "typical_volume": 39202.85, "trend": 80.499499, "fair_value": 69.948301, "relative_strength": 2.44328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.816052, "energy": 44.556073, "activity_lines": [ 83.255998, 82.689362, 81.53107, 80.95116 ] }, { "date": "2024-10-18", "close": 81.760002, "volume": 18895, "typical_volume": 39947.5, "trend": 80.452999, "fair_value": 69.990096, "relative_strength": -0.479876, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.610963, "energy": 32.598876, "activity_lines": [ 82.817666, 82.659999, 81.622951, 81.032483 ] }, { "date": "2024-10-25", "close": 78.675003, "volume": 44478, "typical_volume": 41280.95, "trend": 80.327833, "fair_value": 70.013589, "relative_strength": -3.052926, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.674955, "energy": 9.846281, "activity_lines": [ 81.359667, 81.960727, 81.410309, 80.917774 ] }, { "date": "2024-11-01", "close": 79.660004, "volume": 74696, "typical_volume": 43720.75, "trend": 80.286666, "fair_value": 70.02923, "relative_strength": -1.018038, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.068137, "energy": 16.906628, "activity_lines": [ 80.516669, 81.47991, 81.296976, 80.874688 ] }, { "date": "2024-11-08", "close": 81.059998, "volume": 33046, "typical_volume": 42883.5, "trend": 80.311333, "fair_value": 70.056186, "relative_strength": 1.883175, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.966318, "energy": 21.906157, "activity_lines": [ 80.430668, 81.327364, 81.31069, 80.92458 ] }, { "date": "2024-11-15", "close": 78.809998, "volume": 73245, "typical_volume": 44748.85, "trend": 80.362333, "fair_value": 70.068397, "relative_strength": -0.899942, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.582909, "energy": 31.868176, "activity_lines": [ 79.758667, 80.819, 81.091166, 80.82772 ] }, { "date": "2024-11-22", "close": 79.214996, "volume": 21744, "typical_volume": 43095.3, "trend": 80.418833, "fair_value": 70.104936, "relative_strength": -2.795338, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.287237, "energy": 37.983115, "activity_lines": [ 79.499332, 80.397363, 80.915785, 80.753698 ] }, { "date": "2024-11-29", "close": 81.059998, "volume": 145933, "typical_volume": 49548.0, "trend": 80.46, "fair_value": 70.151987, "relative_strength": -0.883513, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -10.87674, "energy": 16.312843, "activity_lines": [ 80.024665, 80.359817, 80.927499, 80.795064 ] }, { "date": "2024-12-06", "close": 83.014999, "volume": 24552, "typical_volume": 49352.7, "trend": 80.602166, "fair_value": 70.202532, "relative_strength": 1.139643, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 42.577586, "energy": 17.206146, "activity_lines": [ 81.042665, 80.712544, 81.136975, 80.959902 ] }, { "date": "2024-12-13", "close": 81.279999, "volume": 267378, "typical_volume": 59885.05, "trend": 80.657833, "fair_value": 70.240929, "relative_strength": -0.919722, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 30.892404, "energy": 19.140379, "activity_lines": [ 81.258665, 80.767999, 81.175356, 81.003634 ] }, { "date": "2024-12-20", "close": 78.989998, "volume": 29195, "typical_volume": 59599.55, "trend": 80.647666, "fair_value": 70.268397, "relative_strength": -1.194489, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.742863, "energy": 9.748317, "activity_lines": [ 80.696665, 80.447817, 80.989499, 80.896031 ] }, { "date": "2024-12-27", "close": 80.519997, "volume": 20501, "typical_volume": 58585.7, "trend": 80.681333, "fair_value": 70.308269, "relative_strength": -0.137273, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 8.773139, "energy": 7.844296, "activity_lines": [ 80.632665, 80.478271, 80.930737, 80.887795 ] }, { "date": "2025-01-03", "close": 79.690002, "volume": 8245, "typical_volume": 57050.05, "trend": 80.676666, "fair_value": 70.345, "relative_strength": -2.072022, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.391177, "energy": 19.216437, "activity_lines": [ 80.204999, 80.380362, 80.770285, 80.823838 ] }, { "date": "2025-01-10", "close": 77.5, "volume": 22639, "typical_volume": 57074.1, "trend": 80.648666, "fair_value": 70.363044, "relative_strength": -4.914769, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.634933, "energy": 56.182568, "activity_lines": [ 79.138666, 79.865817, 80.406737, 80.618892 ] }, { "date": "2025-01-17", "close": 78.730003, "volume": 23442, "typical_volume": 57251.45, "trend": 80.703666, "fair_value": 70.400384, "relative_strength": -6.157357, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.729215, "energy": 52.538559, "activity_lines": [ 78.850001, 79.614182, 80.189928, 80.495107 ] }, { "date": "2025-01-24", "close": 81.489998, "volume": 31219, "typical_volume": 52345.3, "trend": 80.753999, "fair_value": 70.477403, "relative_strength": -2.767491, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.98578, "energy": 33.581078, "activity_lines": [ 79.651334, 79.906727, 80.261023, 80.545838 ] }, { "date": "2025-01-31", "close": 81.879997, "volume": 35498, "typical_volume": 52129.9, "trend": 80.763166, "fair_value": 70.545737, "relative_strength": -4.11919, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.752367, "energy": 9.711449, "activity_lines": [ 80.415999, 80.221454, 80.359928, 80.618483 ] }, { "date": "2025-02-07", "close": 81.535004, "volume": 26792, "typical_volume": 52685.35, "trend": 80.697999, "fair_value": 70.607884, "relative_strength": -4.671485, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 1.775087, "energy": 10.556793, "activity_lines": [ 80.975001, 80.425, 80.426023, 80.668279 ] }, { "date": "2025-02-14", "close": 82.324997, "volume": 31244, "typical_volume": 48506.8, "trend": 80.715999, "fair_value": 70.680801, "relative_strength": -3.960512, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.252892, "energy": 28.214008, "activity_lines": [ 81.674333, 80.763545, 80.574214, 80.773247 ] }, { "date": "2025-02-21", "close": 82.580002, "volume": 94470, "typical_volume": 52633.45, "trend": 80.802333, "fair_value": 70.759327, "relative_strength": -2.690491, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.882515, "energy": 38.851172, "activity_lines": [ 82.137, 81.161, 80.754738, 80.893505 ] }, { "date": "2025-02-28", "close": 81.254997, "volume": 73372, "typical_volume": 55029.2, "trend": 81.008166, "fair_value": 70.844038, "relative_strength": -5.638037, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.069845, "energy": 31.721486, "activity_lines": [ 81.901333, 81.293909, 80.813547, 80.922709 ] }, { "date": "2025-03-07", "close": 82.540001, "volume": 75794, "typical_volume": 57874.15, "trend": 81.233999, "fair_value": 70.952051, "relative_strength": -2.467424, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.17853, "energy": 31.541625, "activity_lines": [ 82.109666, 81.619273, 81.002928, 81.021537 ] }, { "date": "2025-03-14", "close": 83.375, "volume": 29423, "typical_volume": 57121.4, "trend": 81.318499, "fair_value": 71.042724, "relative_strength": -0.793033, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.078463, "energy": 32.110986, "activity_lines": [ 82.552333, 82.059727, 81.268119, 81.159666 ] }, { "date": "2025-03-21", "close": 84.629997, "volume": 22326, "typical_volume": 54502.9, "trend": 81.348999, "fair_value": 71.138269, "relative_strength": 0.670107, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.862664, "energy": 54.799989, "activity_lines": [ 83.290666, 82.661363, 81.630452, 81.373311 ] }, { "date": "2025-03-28", "close": 82.18, "volume": 14766, "typical_volume": 53588.9, "trend": 81.288666, "fair_value": 71.224038, "relative_strength": -2.211732, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.05475, "energy": 48.176493, "activity_lines": [ 83.058666, 82.687908, 81.735785, 81.426924 ] }, { "date": "2025-04-04", "close": 74.154999, "volume": 88250, "typical_volume": 54339.15, "trend": 81.109499, "fair_value": 71.273269, "relative_strength": -4.95347, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -30.771738, "energy": 20.27128, "activity_lines": [ 80.178332, 81.192636, 81.071499, 80.966688 ] }, { "date": "2025-04-11", "close": 76.584999, "volume": 120572, "typical_volume": 59280.55, "trend": 80.932666, "fair_value": 71.344423, "relative_strength": -0.63503, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.767609, "energy": 44.111844, "activity_lines": [ 78.581332, 80.272545, 80.660809, 80.674784 ] }, { "date": "2025-04-18", "close": 81.239998, "volume": 24556, "typical_volume": 53211.7, "trend": 80.874833, "fair_value": 71.455801, "relative_strength": 1.43121, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -34.838305, "energy": 32.354659, "activity_lines": [ 78.932999, 80.29509, 80.705975, 80.694612 ] }, { "date": "2025-04-25", "close": 83.5, "volume": 122852, "typical_volume": 58126.7, "trend": 80.857666, "fair_value": 71.580769, "relative_strength": 2.442295, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 9.070225, "energy": 17.689169, "activity_lines": [ 80.180332, 80.733908, 80.965523, 80.863978 ] }, { "date": "2025-05-02", "close": 85.224998, "volume": 27538, "typical_volume": 46134.7, "trend": 80.914499, "fair_value": 71.721378, "relative_strength": 2.316207, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.691378, "energy": 29.791816, "activity_lines": [ 82.077999, 81.464999, 81.387047, 81.145741 ] }, { "date": "2025-05-09", "close": 85.589996, "volume": 21387, "typical_volume": 45744.3, "trend": 81.001666, "fair_value": 71.868237, "relative_strength": 3.117477, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.879653, "energy": 50.975182, "activity_lines": [ 83.894331, 82.214362, 81.824547, 81.447386 ] }, { "date": "2025-05-16", "close": 85.879997, "volume": 131732, "typical_volume": 51305.85, "trend": 81.138999, "fair_value": 72.012403, "relative_strength": 1.832807, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.333044, "energy": 67.999651, "activity_lines": [ 85.044997, 82.937634, 82.258237, 81.762117 ] }, { "date": "2025-05-23", "close": 86.5, "volume": 126903, "typical_volume": 57238.75, "trend": 81.399832, "fair_value": 72.150993, "relative_strength": 2.096451, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.014649, "energy": 73.129335, "activity_lines": [ 85.782665, 83.712907, 82.725451, 82.107988 ] }, { "date": "2025-05-30", "close": 87.894997, "volume": 54689, "typical_volume": 58841.25, "trend": 81.674332, "fair_value": 72.302275, "relative_strength": 3.015748, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.673045, "energy": 75.86542, "activity_lines": [ 86.634664, 84.684998, 83.293094, 82.527031 ] }, { "date": "2025-06-06", "close": 87.665001, "volume": 69069, "typical_volume": 61122.6, "trend": 81.894499, "fair_value": 72.468525, "relative_strength": 1.936848, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.021717, "energy": 71.928174, "activity_lines": [ 87.116999, 85.555908, 83.789332, 82.913526 ] }, { "date": "2025-06-13", "close": 87.775002, "volume": 37490, "typical_volume": 61436.15, "trend": 82.193332, "fair_value": 72.655769, "relative_strength": 1.857622, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.548012, "energy": 67.705374, "activity_lines": [ 87.473333, 86.34709, 84.253499, 83.292913 ] }, { "date": "2025-06-20", "close": 86.239998, "volume": 49799, "typical_volume": 62151.2, "trend": 82.427499, "fair_value": 72.822948, "relative_strength": 0.848111, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.132519, "energy": 51.526326, "activity_lines": [ 87.172333, 86.611544, 84.541547, 83.553988 ] }, { "date": "2025-06-27", "close": 90.25, "volume": 46184, "typical_volume": 63120.8, "trend": 82.733833, "fair_value": 73.022211, "relative_strength": 5.151564, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.632015, "energy": 54.931761, "activity_lines": [ 88.184, 87.429545, 85.190737, 84.058666 ] }, { "date": "2025-07-04", "close": 88.870003, "volume": 56107, "typical_volume": 64363.95, "trend": 82.928999, "fair_value": 73.203685, "relative_strength": 3.236497, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.974405, "energy": 61.352498, "activity_lines": [ 88.485668, 87.832818, 85.666999, 84.454548 ] }, { "date": "2025-07-11", "close": 86.610001, "volume": 108580, "typical_volume": 65069.45, "trend": 83.106666, "fair_value": 73.378237, "relative_strength": -0.634747, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.433777, "energy": 56.682054, "activity_lines": [ 87.969001, 87.727546, 85.896857, 84.692032 ] }, { "date": "2025-07-18", "close": 86.315002, "volume": 38609, "typical_volume": 63331.3, "trend": 83.350833, "fair_value": 73.535769, "relative_strength": -1.451442, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.447754, "energy": 54.481738, "activity_lines": [ 87.424335, 87.543455, 86.079428, 84.899021 ] }, { "date": "2025-07-25", "close": 90.610001, "volume": 15688, "typical_volume": 60326.0, "trend": 83.687166, "fair_value": 73.713878, "relative_strength": 1.941552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.43816, "energy": 57.153753, "activity_lines": [ 88.408668, 88.127092, 86.646952, 85.367355 ] }, { "date": "2025-08-01", "close": 88.370003, "volume": 47379, "typical_volume": 61223.8, "trend": 83.9765, "fair_value": 73.883365, "relative_strength": -0.122176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.485093, "energy": 40.252338, "activity_lines": [ 88.355002, 88.217456, 86.962715, 85.669473 ] }, { "date": "2025-08-08", "close": 93.514999, "volume": 14116, "typical_volume": 60813.3, "trend": 84.510333, "fair_value": 74.073589, "relative_strength": 5.169468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.122845, "energy": 61.774105, "activity_lines": [ 90.141668, 89.209274, 87.744691, 86.28486 ] }, { "date": "2025-08-15", "close": 96.245003, "volume": 17651, "typical_volume": 60957.55, "trend": 85.094166, "fair_value": 74.289102, "relative_strength": 7.557732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.157569, "energy": 90.881269, "activity_lines": [ 92.528668, 90.595274, 88.744358, 87.041936 ] }, { "date": "2025-08-22", "close": 96.160004, "volume": 30495, "typical_volume": 58069.8, "trend": 85.583167, "fair_value": 74.509615, "relative_strength": 5.304258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.459672, "energy": 92.268114, "activity_lines": [ 94.245002, 91.80982, 89.668953, 87.755861 ] }, { "date": "2025-08-29", "close": 93.889999, "volume": 14030, "typical_volume": 52742.7, "trend": 85.9835, "fair_value": 74.728205, "relative_strength": 4.27969, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.695959, "energy": 87.283224, "activity_lines": [ 94.548335, 92.459183, 90.272572, 88.291785 ] }, { "date": "2025-09-05", "close": 95.004997, "volume": 90366, "typical_volume": 56033.2, "trend": 86.4325, "fair_value": 74.95516, "relative_strength": 5.155439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.176221, "energy": 83.817386, "activity_lines": [ 95.004667, 93.172183, 90.899977, 88.873817 ] }, { "date": "2025-09-12", "close": 96.730003, "volume": 12592, "typical_volume": 50520.2, "trend": 86.912667, "fair_value": 75.202788, "relative_strength": 6.090193, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.357102, "energy": 65.854147, "activity_lines": [ 95.593667, 94.112365, 91.62612, 89.538172 ] }, { "date": "2025-09-19", "close": 96.900002, "volume": 96952, "typical_volume": 53990.9, "trend": 87.39, "fair_value": 75.462532, "relative_strength": 6.954229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.672012, "energy": 62.887377, "activity_lines": [ 96.025001, 94.940547, 92.305453, 90.182517 ] }, { "date": "2025-09-26", "close": 96.480003, "volume": 38034, "typical_volume": 54823.25, "trend": 87.8975, "fair_value": 75.725865, "relative_strength": 5.648788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.91071, "energy": 62.827068, "activity_lines": [ 96.272668, 95.505274, 92.889192, 90.768968 ] }, { "date": "2025-10-03", "close": 98.175003, "volume": 13114, "typical_volume": 48892.35, "trend": 88.418667, "fair_value": 75.993878, "relative_strength": 5.112998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.690412, "energy": 65.544778, "activity_lines": [ 97.064002, 96.193365, 93.582501, 91.432033 ] }, { "date": "2025-10-10", "close": 94.864998, "volume": 8737, "typical_volume": 42984.05, "trend": 88.801667, "fair_value": 76.249871, "relative_strength": 2.254534, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.228609, "energy": 52.436483, "activity_lines": [ 96.466335, 96.142092, 93.902025, 91.847925 ] }, { "date": "2025-10-17", "close": 98.029999, "volume": 29950, "typical_volume": 41747.1, "trend": 89.248334, "fair_value": 76.526025, "relative_strength": 6.344588, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.339306, "energy": 52.078632, "activity_lines": [ 96.933, 96.548183, 94.483144, 92.443302 ] }, { "date": "2025-10-24", "close": 98.690201, "volume": 23946, "typical_volume": 39490.95, "trend": 89.798674, "fair_value": 76.797821, "relative_strength": 3.690437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.739167, "energy": 55.844779, "activity_lines": [ 97.533067, 96.992219, 95.078877, 93.052454 ] }, { "date": "2025-10-31", "close": 100.059998, "volume": 38169, "typical_volume": 39524.9, "trend": 90.662174, "fair_value": 77.074296, "relative_strength": 4.241097, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.40782, "energy": 58.455542, "activity_lines": [ 98.470386, 97.640851, 95.752566, 93.714475 ] }, { "date": "2025-11-07", "close": 99.025002, "volume": 21237, "typical_volume": 38096.8, "trend": 91.410174, "fair_value": 77.315161, "relative_strength": 3.495192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.144975, "energy": 68.899689, "activity_lines": [ 98.82404, 98.030393, 96.269185, 94.254013 ] }, { "date": "2025-11-14", "close": 101.0, "volume": 25326, "typical_volume": 37053.9, "trend": 92.06884, "fair_value": 77.570193, "relative_strength": 5.25616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.231674, "energy": 81.863092, "activity_lines": [ 99.77936, 98.685662, 96.913017, 94.872711 ] }, { "date": "2025-11-21", "close": 96.754997, "volume": 45206, "typical_volume": 36508.85, "trend": 92.510674, "fair_value": 77.786123, "relative_strength": 2.399312, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.335717, "energy": 50.512256, "activity_lines": [ 98.910679, 98.460112, 97.101373, 95.175044 ] }, { "date": "2025-11-28", "close": 99.574997, "volume": 47175, "typical_volume": 33438.6, "trend": 92.989007, "fair_value": 78.02218, "relative_strength": 3.330891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.812521, "energy": 47.190651, "activity_lines": [ 99.066998, 98.746835, 97.520752, 95.630807 ] }, { "date": "2025-12-05", "close": 100.300003, "volume": 55076, "typical_volume": 34261.95, "trend": 93.47934, "fair_value": 78.263462, "relative_strength": 4.581358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.934952, "energy": 47.769285, "activity_lines": [ 99.406, 99.116741, 97.947442, 96.102484 ] }, { "date": "2025-12-12", "close": 100.864998, "volume": 43432, "typical_volume": 35649.15, "trend": 93.97884, "fair_value": 78.516315, "relative_strength": 5.231833, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.805891, "energy": 46.099077, "activity_lines": [ 99.917332, 99.519919, 98.361346, 96.578978 ] }, { "date": "2025-12-19", "close": 100.480003, "volume": 43276, "typical_volume": 35444.0, "trend": 94.444841, "fair_value": 78.763879, "relative_strength": 2.123721, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.059112, "energy": 46.855588, "activity_lines": [ 100.177667, 99.804189, 98.68975, 96.998408 ] }, { "date": "2025-12-26", "close": 100.830002, "volume": 25576, "typical_volume": 36017.0, "trend": 94.876007, "fair_value": 79.015065, "relative_strength": 2.690087, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.405612, "energy": 46.600013, "activity_lines": [ 100.589335, 100.050004, 98.99382, 97.410354 ] }, { "date": "2026-01-02", "close": 101.220001, "volume": 26420, "typical_volume": 36455.45, "trend": 95.327841, "fair_value": 79.270161, "relative_strength": 2.159236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.709943, "energy": 47.022768, "activity_lines": [ 100.859335, 100.315819, 99.3002, 97.819644 ] }, { "date": "2026-01-09", "close": 105.105003, "volume": 88451, "typical_volume": 39353.25, "trend": 95.905507, "fair_value": 79.533911, "relative_strength": 4.064366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.478431, "energy": 69.157033, "activity_lines": [ 102.314669, 101.242001, 99.95289, 98.450428 ] }, { "date": "2026-01-16", "close": 106.660004, "volume": 515200, "typical_volume": 64411.75, "trend": 96.586174, "fair_value": 79.880834, "relative_strength": 4.227907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.287409, "energy": 87.767709, "activity_lines": [ 103.968003, 102.359184, 100.71108, 99.144267 ] }, { "date": "2026-01-23", "close": 105.099998, "volume": 51139, "typical_volume": 62450.4, "trend": 97.081174, "fair_value": 80.211219, "relative_strength": 3.479304, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.483507, "energy": 83.65129, "activity_lines": [ 104.715001, 103.05391, 101.259888, 99.693546 ] }, { "date": "2026-01-30", "close": 107.18, "volume": 152426, "typical_volume": 69442.1, "trend": 97.691507, "fair_value": 80.549552, "relative_strength": 4.490932, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.473663, "energy": 89.808853, "activity_lines": [ 105.847334, 104.052274, 101.958721, 100.345083 ] }, { "date": "2026-02-06", "close": 110.82, "volume": 95487, "typical_volume": 69368.85, "trend": 98.498507, "fair_value": 80.839809, "relative_strength": 6.247457, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.88551, "energy": 93.741401, "activity_lines": [ 107.769667, 105.52291, 102.954458, 101.192082 ] }, { "date": "2026-02-13", "close": 116.629997, "volume": 87100, "typical_volume": 71822.15, "trend": 99.509007, "fair_value": 81.176091, "relative_strength": 10.630358, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.114582, "energy": 96.347479, "activity_lines": [ 110.988666, 107.845455, 104.437242, 102.361856 ] }, { "date": "2026-02-20", "close": 113.629997, "volume": 16378, "typical_volume": 71985.35, "trend": 100.27634, "fair_value": 81.501732, "relative_strength": 5.139454, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.604248, "energy": 91.249704, "activity_lines": [ 112.439331, 109.325636, 105.53836, 103.272887 ] }, { "date": "2026-02-27", "close": 115.584999, "volume": 185710, "typical_volume": 80834.0, "trend": 101.183507, "fair_value": 81.829328, "relative_strength": 4.483328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.521884, "energy": 91.866222, "activity_lines": [ 114.076998, 110.929181, 106.752073, 104.260543 ] }, { "date": "2026-03-06", "close": 105.410004, "volume": 131148, "typical_volume": 85893.9, "trend": 101.580007, "fair_value": 82.089809, "relative_strength": 0.941834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.176626, "energy": 60.930201, "activity_lines": [ 111.624, 110.408091, 106.898073, 104.53322 ] }, { "date": "2026-03-13", "close": 104.230003, "volume": 48110, "typical_volume": 87102.1, "trend": 101.846174, "fair_value": 82.353206, "relative_strength": -0.05309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.090777, "energy": 33.362803, "activity_lines": [ 108.895668, 109.589182, 106.896548, 104.704188 ] }, { "date": "2026-03-20", "close": 102.239998, "volume": 48408, "typical_volume": 87614.05, "trend": 102.04884, "fair_value": 82.596251, "relative_strength": 1.32827, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.918569, "energy": 21.731979, "activity_lines": [ 105.943334, 108.353727, 106.679119, 104.729596 ] }, { "date": "2026-03-27", "close": 102.010002, "volume": 177969, "typical_volume": 95450.65, "trend": 102.319507, "fair_value": 82.825706, "relative_strength": 0.461087, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.264114, "energy": 26.776585, "activity_lines": [ 103.873668, 107.128546, 106.429405, 104.72709 ] }, { "date": "2026-04-03", "close": 106.125, "volume": 70355, "typical_volume": 97702.1, "trend": 102.690174, "fair_value": 83.088142, "relative_strength": -0.363236, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.811448, "energy": 25.002533, "activity_lines": [ 103.950334, 106.736091, 106.557381, 104.972606 ] }, { "date": "2026-04-10", "close": 109.900002, "volume": 298822, "typical_volume": 110382.9, "trend": 103.129174, "fair_value": 83.369296, "relative_strength": 1.439113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.346163, "energy": 18.040673, "activity_lines": [ 105.916001, 107.011364, 107.020477, 105.437756 ] }, { "date": "2026-04-17", "close": 112.989998, "volume": 18874, "typical_volume": 108967.85, "trend": 103.665507, "fair_value": 83.667886, "relative_strength": 3.48428, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.605788, "energy": 30.564235, "activity_lines": [ 108.612333, 107.799, 107.715262, 106.073938 ] }, { "date": "2026-04-24", "close": 108.525002, "volume": 55824, "typical_volume": 109005.25, "trend": 104.067007, "fair_value": 83.93952, "relative_strength": 2.055387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.493596, "energy": 28.411198, "activity_lines": [ 109.236334, 107.735364, 107.920929, 106.387454 ] }, { "date": "2026-05-01", "close": 110.300003, "volume": 128853, "typical_volume": 113276.3, "trend": 104.471174, "fair_value": 84.216315, "relative_strength": 3.73481, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.860598, "energy": 33.622613, "activity_lines": [ 110.033001, 108.141819, 108.256477, 106.789583 ] }, { "date": "2026-05-08", "close": 114.699997, "volume": 41857, "typical_volume": 113205.35, "trend": 105.13234, "fair_value": 84.515738, "relative_strength": 9.005788, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.680973, "energy": 58.936986, "activity_lines": [ 111.743667, 109.408819, 108.966143, 107.449507 ] }, { "date": "2026-05-15", "close": 113.739998, "volume": 164506, "typical_volume": 120151.85, "trend": 105.656007, "fair_value": 84.804007, "relative_strength": 8.23662, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.103656, "energy": 55.381081, "activity_lines": [ 112.562666, 110.517364, 109.516667, 108.004839 ] }, { "date": "2026-05-22", "close": 114.415001, "volume": 140819, "typical_volume": 125871.8, "trend": 106.180167, "fair_value": 85.101347, "relative_strength": 5.861405, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.431065, "energy": 58.383519, "activity_lines": [ 113.350666, 111.597182, 110.07, 108.569936 ] }, { "date": "2026-05-29", "close": 116.110001, "volume": 26097, "typical_volume": 122754.1, "trend": 106.715167, "fair_value": 85.397565, "relative_strength": 7.790134, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.625704, "energy": 64.520838, "activity_lines": [ 114.608667, 112.8, 110.721929, 109.21057 ] }, { "date": "2026-06-05", "close": 115.349998, "volume": 3132, "typical_volume": 97150.7, "trend": 107.259334, "fair_value": 85.683302, "relative_strength": 7.269654, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.381657, "energy": 63.716524, "activity_lines": [ 115.107666, 113.612454, 111.249071, 109.767656 ] }, { "date": "2026-06-12", "close": 115.849998, "volume": 9539, "typical_volume": 95070.7, "trend": 107.754333, "fair_value": 85.962853, "relative_strength": 6.442639, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.656309, "energy": 62.927775, "activity_lines": [ 115.436666, 114.273272, 111.782452, 110.321893 ] }, { "date": "2026-06-19", "close": 120.510002, "volume": 1718, "typical_volume": 87535.3, "trend": 108.546167, "fair_value": 86.291315, "relative_strength": 11.510973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.374217, "energy": 75.562354, "activity_lines": [ 117.242333, 115.604545, 112.708452, 111.144839 ] }, { "date": "2026-06-26", "close": 116.940002, "volume": 5900, "typical_volume": 83055.95, "trend": 109.125, "fair_value": 86.589616, "relative_strength": 6.546216, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.840427, "energy": 63.476399, "activity_lines": [ 117.406667, 116.093818, 113.230976, 111.686377 ] }, { "date": "2026-07-03", "close": 118.529999, "volume": 3630, "typical_volume": 78882.45, "trend": 109.732667, "fair_value": 86.900129, "relative_strength": 6.065101, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.696612, "energy": 67.2916, "activity_lines": [ 117.932667, 116.800364, 113.875786, 112.293151 ] }, { "date": "2026-07-10", "close": 118.68, "volume": 1180373, "typical_volume": 137082.2, "trend": 110.3265, "fair_value": 87.204168, "relative_strength": 7.717067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.263344, "energy": 66.386634, "activity_lines": [ 118.347334, 117.352273, 114.525833, 112.870398 ] }, { "date": "2026-07-17", "close": 113.165001, "volume": 44693, "typical_volume": 130031.35, "trend": 110.749334, "fair_value": 87.473879, "relative_strength": 1.512294, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.072048, "energy": 33.724565, "activity_lines": [ 116.701667, 116.749091, 114.626595, 113.053527 ] }, { "date": "2026-07-24", "close": 115.230003, "volume": 23081, "typical_volume": 124628.0, "trend": 111.229334, "fair_value": 87.745129, "relative_strength": 1.908539, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.094752, "energy": 27.21176, "activity_lines": [ 115.923335, 116.549274, 114.935548, 113.342603 ] }, { "date": "2026-07-31", "close": 115.404999, "volume": 27722, "typical_volume": 123608.6, "trend": 111.702167, "fair_value": 88.031604, "relative_strength": 0.663962, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.153649, "energy": 19.236249, "activity_lines": [ 115.555334, 116.354182, 115.214405, 113.612 ] }, { "date": "2026-08-07", "close": 121.339996, "volume": 367864, "typical_volume": 139581.4, "trend": 112.243333, "fair_value": 88.361347, "relative_strength": 5.357246, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.64756, "energy": 34.738072, "activity_lines": [ 117.267999, 117.220182, 116.005286, 114.233796 ] } ], "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." } } }