{ "ticker": { "uuid": "901b27ad-f7bd-4dd0-b89f-d8f5e18b2207", "symbol": "SPECTRUM", "name": "SPECTRUM ELECTRIC IND LTD", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^NSEI", "stage": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 83.552, "architecture_energy": 87.362, "architecture_maturity": 38.0, "architecture_confidence": 79.051, "architecture_tenure": "Developing", "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": 0.0, "rotation_up": 85.89, "upward_expansion": 97.34, "deceleration": 40.98, "rotation_down": 8.91, "downward_expansion": 19.34 }, "activity_lines": [ 2289.366675, 2108.636366, 1842.75143, 1705.721719 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 2440.699951, "trend_reference": 1545.536666, "distance_from_trend": 0.579193, "trend_direction": "Improving", "fair_value": 1564.21859, "distance_from_fair_value": 0.560332, "fair_value_direction": "Improving", "relative_strength": 67.940377, "relative_strength_direction": "Improving", "price_momentum": 0.955062, "excess_performance": 0.998772, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.579193, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.18638, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.560332, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.707794, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.679404, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.752078, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.955062, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 57.092907, "read": "Demand-led" } ], "volume": { "latest": 165468, "relative_activity": 1.144829, "balance": 57.092907, "dry_up": 2.065984, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.097636, "annualized_volatility": 0.545735, "from_high_reference": -0.074511, "from_low_reference": 1.324476 }, "levels": { "trend_reference": 1545.536666, "fair_value_reference": 1564.21859, "structural_low": 1120.599976, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": 0.100953, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.084671, "regime_survival": 0.703704, "best_return": 0.791345, "worst_return": -0.308673, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.351446, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": 0.277097, "regime_survival": 0.6, "best_return": 3.506547, "worst_return": -0.420197, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.350881, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.337725, "regime_survival": 0.333333, "best_return": 6.043315, "worst_return": -0.288108, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.496146, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.392443, "regime_survival": 0.25, "best_return": 14.970371, "worst_return": -0.466219, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-10-11", "end": "2024-11-22", "tenure": "Developing", "return": 0.104359, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-29", "end": "2024-12-13", "tenure": "New", "return": 0.003518, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-20", "end": "2025-01-10", "tenure": "New", "return": 0.069471, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": -0.152545, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-07", "tenure": "New", "return": -0.142122, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": 0.125116, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": -0.016753, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2026-02-06", "tenure": "Extended", "return": -0.215829, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-27", "tenure": "New", "return": 0.063307, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-03-06", "end": "2026-04-10", "tenure": "Developing", "return": -0.138961, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": 0.003828, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-08", "end": "2026-05-15", "tenure": "New", "return": 0.153226, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-06-05", "tenure": "New", "return": 0.246811, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.526869, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1010.0, "volume": 9500, "typical_volume": 25000.0, "trend": 521.384343, "fair_value": 153.007549, "relative_strength": 191.770247, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.892702, "energy": 81.832952, "activity_lines": [ 980.770003, 904.489087, 758.399643, 656.571324 ] }, { "date": "2023-08-25", "close": 989.950012, "volume": 6000, "typical_volume": 24250.0, "trend": 549.134557, "fair_value": 158.938804, "relative_strength": 172.60709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.465775, "energy": 71.575664, "activity_lines": [ 993.170007, 934.67909, 790.906195, 686.801367 ] }, { "date": "2023-09-01", "close": 911.950012, "volume": 3000, "typical_volume": 22150.0, "trend": 573.749146, "fair_value": 164.407749, "relative_strength": 138.437408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.545694, "energy": 66.748365, "activity_lines": [ 969.096675, 942.233639, 813.052375, 710.208816 ] }, { "date": "2023-09-08", "close": 971.25, "volume": 15500, "typical_volume": 21725.0, "trend": 599.09782, "fair_value": 170.256821, "relative_strength": 138.456011, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.777233, "energy": 64.517095, "activity_lines": [ 966.326672, 954.917276, 838.447389, 735.854032 ] }, { "date": "2023-09-15", "close": 971.0, "volume": 500, "typical_volume": 20350.0, "trend": 622.548505, "fair_value": 176.123136, "relative_strength": 124.678184, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.951803, "energy": 61.450895, "activity_lines": [ 964.383337, 962.634549, 861.369359, 759.847721 ] }, { "date": "2023-09-22", "close": 989.0, "volume": 500, "typical_volume": 19425.0, "trend": 646.712303, "fair_value": 182.048302, "relative_strength": 125.454705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.766269, "energy": 57.805066, "activity_lines": [ 970.440002, 971.525458, 883.615792, 783.489753 ] }, { "date": "2023-09-29", "close": 1000.299988, "volume": 8000, "typical_volume": 19125.0, "trend": 669.286593, "fair_value": 188.03334, "relative_strength": 119.53154, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.395562, "energy": 63.707657, "activity_lines": [ 981.66333, 978.909092, 904.773462, 806.301862 ] }, { "date": "2023-10-06", "close": 951.0, "volume": 1500, "typical_volume": 15525.0, "trend": 690.109427, "fair_value": 193.702353, "relative_strength": 101.117219, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.739417, "energy": 60.688428, "activity_lines": [ 975.76333, 974.284546, 918.768094, 824.476921 ] }, { "date": "2023-10-13", "close": 951.0, "volume": 0, "typical_volume": 12450.0, "trend": 711.991866, "fair_value": 199.371366, "relative_strength": 93.27637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.948807, "energy": 55.836885, "activity_lines": [ 967.259998, 969.369091, 930.491904, 841.30857 ] }, { "date": "2023-10-20", "close": 951.0, "volume": 0, "typical_volume": 11525.0, "trend": 733.446804, "fair_value": 205.040379, "relative_strength": 88.790491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.798232, "energy": 50.503384, "activity_lines": [ 960.106665, 965.07, 940.139523, 856.72845 ] }, { "date": "2023-10-27", "close": 974.75, "volume": 1000, "typical_volume": 11450.0, "trend": 754.460807, "fair_value": 210.861636, "relative_strength": 91.745828, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.246371, "energy": 49.516072, "activity_lines": [ 962.203333, 965.998181, 949.946666, 872.296398 ] }, { "date": "2023-11-03", "close": 1038.800049, "volume": 26125, "typical_volume": 9556.25, "trend": 776.611754, "fair_value": 217.09347, "relative_strength": 95.330044, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.633857, "energy": 59.415909, "activity_lines": [ 986.600016, 979.212735, 963.640719, 890.640865 ] }, { "date": "2023-11-10", "close": 1057.5, "volume": 15375, "typical_volume": 9625.0, "trend": 798.254901, "fair_value": 223.445175, "relative_strength": 90.151278, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.924749, "energy": 61.222908, "activity_lines": [ 1014.663346, 994.939098, 976.669052, 908.762688 ] }, { "date": "2023-11-17", "close": 1055.0, "volume": 4500, "typical_volume": 7600.0, "trend": 818.191208, "fair_value": 229.799699, "relative_strength": 80.722265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.623748, "energy": 63.77169, "activity_lines": [ 1034.793343, 1007.564552, 987.285719, 925.326888 ] }, { "date": "2023-11-24", "close": 1108.650024, "volume": 10000, "typical_volume": 7150.0, "trend": 839.508309, "fair_value": 236.498134, "relative_strength": 83.087051, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.728887, "energy": 71.609312, "activity_lines": [ 1065.873348, 1028.421828, 1001.324292, 944.066166 ] }, { "date": "2023-12-01", "close": 1160.0, "volume": 15000, "typical_volume": 7250.0, "trend": 860.362972, "fair_value": 243.525735, "relative_strength": 81.022226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.187231, "energy": 87.903767, "activity_lines": [ 1103.56001, 1056.112736, 1019.048101, 964.743049 ] }, { "date": "2023-12-08", "close": 1156.400024, "volume": 17625, "typical_volume": 7706.25, "trend": 882.840911, "fair_value": 250.530259, "relative_strength": 69.152304, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.338255, "energy": 82.995847, "activity_lines": [ 1127.696679, 1080.040012, 1034.681913, 983.842214 ] }, { "date": "2023-12-15", "close": 1339.349976, "volume": 24875, "typical_volume": 8450.0, "trend": 911.681667, "fair_value": 258.70754, "relative_strength": 85.082343, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.015876, "energy": 86.045139, "activity_lines": [ 1204.976668, 1134.392733, 1066.198815, 1013.294412 ] }, { "date": "2023-12-22", "close": 1330.0, "volume": 10375, "typical_volume": 8718.75, "trend": 938.848334, "fair_value": 266.824885, "relative_strength": 78.818515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.392109, "energy": 79.216537, "activity_lines": [ 1260.35, 1179.98455, 1094.899767, 1040.282691 ] }, { "date": "2023-12-29", "close": 1341.349976, "volume": 15750, "typical_volume": 9256.25, "trend": 966.576666, "fair_value": 275.014985, "relative_strength": 71.760659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.861442, "energy": 71.61622, "activity_lines": [ 1301.173324, 1220.74909, 1123.038335, 1066.250539 ] }, { "date": "2024-01-05", "close": 1295.199951, "volume": 15625, "typical_volume": 9562.5, "trend": 992.749998, "fair_value": 282.909253, "relative_strength": 61.32641, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.72553, "energy": 62.816226, "activity_lines": [ 1311.099976, 1246.025444, 1145.160949, 1087.452041 ] }, { "date": "2024-01-12", "close": 1251.0, "volume": 11125, "typical_volume": 9818.75, "trend": 1016.949998, "fair_value": 290.551595, "relative_strength": 50.55258, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.800692, "energy": 53.842512, "activity_lines": [ 1297.279981, 1257.43908, 1161.715949, 1104.113332 ] }, { "date": "2024-01-19", "close": 1220.849976, "volume": 24500, "typical_volume": 10893.75, "trend": 1037.609998, "fair_value": 298.000667, "relative_strength": 45.202041, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.945805, "energy": 41.463087, "activity_lines": [ 1267.103312, 1259.512713, 1174.156423, 1117.268169 ] }, { "date": "2024-01-26", "close": 1267.699951, "volume": 16250, "typical_volume": 10931.25, "trend": 1056.51333, "fair_value": 305.75006, "relative_strength": 48.964326, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.076722, "energy": 29.826921, "activity_lines": [ 1260.443302, 1267.134524, 1189.587847, 1132.112682 ] }, { "date": "2024-02-02", "close": 1543.599976, "volume": 69000, "typical_volume": 14356.25, "trend": 1079.44833, "fair_value": 315.268043, "relative_strength": 72.164414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.049893, "energy": 49.388113, "activity_lines": [ 1349.903304, 1321.052703, 1229.883798, 1163.537627 ] }, { "date": "2024-02-09", "close": 1833.0, "volume": 44750, "typical_volume": 16568.75, "trend": 1114.111664, "fair_value": 326.641154, "relative_strength": 98.384206, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.936416, "energy": 75.291765, "activity_lines": [ 1522.346647, 1419.680888, 1295.014989, 1212.153864 ] }, { "date": "2024-02-16", "close": 1823.400024, "volume": 13875, "typical_volume": 16862.5, "trend": 1147.129999, "fair_value": 337.96529, "relative_strength": 89.215297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.107825, "energy": 90.367725, "activity_lines": [ 1655.736662, 1504.327259, 1355.212849, 1257.914403 ] }, { "date": "2024-02-23", "close": 1779.949951, "volume": 12625, "typical_volume": 17418.75, "trend": 1175.294997, "fair_value": 349.010899, "relative_strength": 78.181137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.969475, "energy": 89.175966, "activity_lines": [ 1736.483317, 1568.946345, 1407.353083, 1298.741497 ] }, { "date": "2024-03-01", "close": 1725.0, "volume": 5125, "typical_volume": 17675.0, "trend": 1199.964996, "fair_value": 359.704266, "relative_strength": 67.490536, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.427457, "energy": 86.328358, "activity_lines": [ 1761.63999, 1615.563621, 1450.312607, 1334.206336 ] }, { "date": "2024-03-08", "close": 1604.400024, "volume": 12625, "typical_volume": 18306.25, "trend": 1220.07833, "fair_value": 369.624555, "relative_strength": 51.387987, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.130051, "energy": 61.350564, "activity_lines": [ 1716.110001, 1633.071811, 1478.100705, 1360.298918 ] }, { "date": "2024-03-15", "close": 1387.400024, "volume": 31375, "typical_volume": 19825.0, "trend": 1232.658331, "fair_value": 378.153819, "relative_strength": 31.255075, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.301033, "energy": 37.289822, "activity_lines": [ 1594.193343, 1606.342727, 1482.110708, 1371.093866 ] }, { "date": "2024-03-22", "close": 1500.0, "volume": 15000, "typical_volume": 19268.75, "trend": 1249.659998, "fair_value": 387.411159, "relative_strength": 38.67224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.378349, "energy": 23.497628, "activity_lines": [ 1539.516675, 1598.410001, 1494.879518, 1388.341716 ] }, { "date": "2024-03-29", "close": 1533.099976, "volume": 14375, "typical_volume": 19218.75, "trend": 1270.364996, "fair_value": 396.880679, "relative_strength": 37.631069, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.705964, "energy": 25.230122, "activity_lines": [ 1517.433333, 1591.96818, 1508.604516, 1406.628166 ] }, { "date": "2024-04-05", "close": 1425.0, "volume": 17000, "typical_volume": 19843.75, "trend": 1285.489996, "fair_value": 405.65725, "relative_strength": 24.842738, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.856016, "energy": 25.011421, "activity_lines": [ 1475.773332, 1560.194545, 1509.769517, 1416.604618 ] }, { "date": "2024-04-12", "close": 1352.0, "volume": 5000, "typical_volume": 19593.75, "trend": 1298.189996, "fair_value": 413.965872, "relative_strength": 16.772259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.436236, "energy": 16.678396, "activity_lines": [ 1429.779997, 1512.288181, 1502.220232, 1420.895586 ] }, { "date": "2024-04-19", "close": 1419.199951, "volume": 8125, "typical_volume": 19250.0, "trend": 1312.529995, "fair_value": 422.711544, "relative_strength": 22.883682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.27814, "energy": 14.155997, "activity_lines": [ 1423.013314, 1480.083627, 1499.912133, 1428.70268 ] }, { "date": "2024-04-26", "close": 1310.0, "volume": 31000, "typical_volume": 19918.75, "trend": 1322.853328, "fair_value": 430.738373, "relative_strength": 10.722086, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.409494, "energy": 17.648368, "activity_lines": [ 1377.726652, 1435.548173, 1485.969753, 1428.539454 ] }, { "date": "2024-05-03", "close": 1496.599976, "volume": 28625, "typical_volume": 20106.25, "trend": 1341.039994, "fair_value": 439.970777, "relative_strength": 24.499746, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.495504, "energy": 14.534469, "activity_lines": [ 1407.306649, 1434.274534, 1489.067371, 1439.748916 ] }, { "date": "2024-05-10", "close": 1413.949951, "volume": 34625, "typical_volume": 21318.75, "trend": 1356.471659, "fair_value": 448.673374, "relative_strength": 18.260765, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.815002, "energy": 10.811169, "activity_lines": [ 1411.769971, 1423.125435, 1483.544748, 1444.452784 ] }, { "date": "2024-05-17", "close": 1496.550049, "volume": 20875, "typical_volume": 21575.0, "trend": 1374.656661, "fair_value": 457.902317, "relative_strength": 21.136709, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.798936, "energy": 11.542159, "activity_lines": [ 1444.503329, 1432.649991, 1485.48904, 1453.490099 ] }, { "date": "2024-05-24", "close": 1692.25, "volume": 96625, "typical_volume": 25625.0, "trend": 1398.573328, "fair_value": 468.382607, "relative_strength": 31.931247, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.564217, "energy": 30.227216, "activity_lines": [ 1532.833333, 1479.717265, 1505.332374, 1473.979992 ] }, { "date": "2024-05-31", "close": 1644.25, "volume": 27875, "typical_volume": 26462.5, "trend": 1418.754993, "fair_value": 478.58033, "relative_strength": 28.601625, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 47.556914, "energy": 34.674898, "activity_lines": [ 1586.960002, 1512.51454, 1518.713565, 1489.8301 ] }, { "date": "2024-06-07", "close": 1818.550049, "volume": 35875, "typical_volume": 27031.25, "trend": 1444.123328, "fair_value": 489.914206, "relative_strength": 35.276082, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 72.902679, "energy": 62.216627, "activity_lines": [ 1676.903353, 1574.380005, 1546.822142, 1515.623329 ] }, { "date": "2024-06-14", "close": 1874.0, "volume": 21750, "typical_volume": 27306.25, "trend": 1471.423328, "fair_value": 501.606671, "relative_strength": 36.003462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.317022, "energy": 73.722088, "activity_lines": [ 1763.866683, 1641.137278, 1577.365476, 1543.357308 ] }, { "date": "2024-06-21", "close": 2037.150024, "volume": 70000, "typical_volume": 27356.25, "trend": 1502.373328, "fair_value": 514.34811, "relative_strength": 45.032778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.81857, "energy": 80.682277, "activity_lines": [ 1874.543351, 1729.394556, 1620.559764, 1579.855805 ] }, { "date": "2024-06-28", "close": 2335.75, "volume": 89250, "typical_volume": 29581.25, "trend": 1541.564994, "fair_value": 528.975385, "relative_strength": 59.641158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.817453, "energy": 88.58389, "activity_lines": [ 2048.713346, 1859.485465, 1689.841907, 1633.622042 ] }, { "date": "2024-07-05", "close": 2360.0, "volume": 38500, "typical_volume": 30812.5, "trend": 1581.684994, "fair_value": 543.781664, "relative_strength": 56.613257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.428184, "energy": 89.537664, "activity_lines": [ 2188.066675, 1977.320918, 1759.039526, 1686.4243 ] }, { "date": "2024-07-12", "close": 2120.850098, "volume": 20750, "typical_volume": 31218.75, "trend": 1607.734998, "fair_value": 557.054931, "relative_strength": 37.750895, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.253393, "energy": 78.531945, "activity_lines": [ 2199.986703, 2032.583663, 1802.905726, 1721.209146 ] }, { "date": "2024-07-19", "close": 1917.949951, "volume": 17000, "typical_volume": 31812.5, "trend": 1627.333329, "fair_value": 569.027556, "relative_strength": 23.070252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.909193, "energy": 53.995403, "activity_lines": [ 2124.120011, 2039.605469, 1825.824769, 1741.223014 ] }, { "date": "2024-07-26", "close": 2035.349976, "volume": 28500, "typical_volume": 32606.25, "trend": 1650.466663, "fair_value": 581.77002, "relative_strength": 27.676995, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.457356, "energy": 42.261662, "activity_lines": [ 2084.456665, 2058.809098, 1859.005957, 1767.546668 ] }, { "date": "2024-08-02", "close": 1955.550049, "volume": 12250, "typical_volume": 31650.0, "trend": 1672.478333, "fair_value": 593.97896, "relative_strength": 22.203593, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.388179, "energy": 26.110657, "activity_lines": [ 2018.313347, 2053.707287, 1882.535009, 1787.229467 ] }, { "date": "2024-08-09", "close": 1869.099976, "volume": 10875, "typical_volume": 31443.75, "trend": 1693.081665, "fair_value": 605.633733, "relative_strength": 17.600228, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.308266, "energy": 21.95474, "activity_lines": [ 1948.7, 2028.100007, 1895.125244, 1799.914735 ] }, { "date": "2024-08-16", "close": 1759.0, "volume": 9375, "typical_volume": 31193.75, "trend": 1711.019999, "fair_value": 616.563893, "relative_strength": 9.265773, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.2585, "energy": 18.81219, "activity_lines": [ 1875.11333, 1978.386368, 1895.472149, 1804.16753 ] }, { "date": "2024-08-23", "close": 1960.349976, "volume": 15375, "typical_volume": 31112.5, "trend": 1734.108333, "fair_value": 628.784757, "relative_strength": 19.42396, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.367895, "energy": 19.114743, "activity_lines": [ 1892.766659, 1966.364544, 1913.919527, 1820.253335 ] }, { "date": "2024-08-30", "close": 1847.650024, "volume": 71625, "typical_volume": 34443.75, "trend": 1744.243335, "fair_value": 640.286385, "relative_strength": 9.877198, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.995761, "energy": 17.073687, "activity_lines": [ 1870.026668, 1932.281821, 1919.084291, 1827.578606 ] }, { "date": "2024-09-06", "close": 1818.150024, "volume": 8250, "typical_volume": 34450.0, "trend": 1743.748336, "fair_value": 651.576518, "relative_strength": 9.032342, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.591989, "energy": 11.668945, "activity_lines": [ 1849.966675, 1896.280915, 1919.079293, 1832.346779 ] }, { "date": "2024-09-13", "close": 1770.0, "volume": 8625, "typical_volume": 33331.25, "trend": 1741.968335, "fair_value": 662.557997, "relative_strength": 3.390057, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.394662, "energy": 8.350419, "activity_lines": [ 1823.016675, 1860.936368, 1912.588817, 1834.040435 ] }, { "date": "2024-09-20", "close": 1715.0, "volume": 16000, "typical_volume": 32700.0, "trend": 1739.803337, "fair_value": 673.19011, "relative_strength": -1.963257, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.620314, "energy": 11.918371, "activity_lines": [ 1784.340006, 1826.319094, 1898.669768, 1832.300542 ] }, { "date": "2024-09-27", "close": 1796.849976, "volume": 22500, "typical_volume": 32093.75, "trend": 1742.198336, "fair_value": 684.3565, "relative_strength": 0.687965, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 5.253112, "energy": 19.416138, "activity_lines": [ 1775.879997, 1813.962726, 1891.505956, 1835.980971 ] }, { "date": "2024-10-04", "close": 1645.849976, "volume": 21875, "typical_volume": 32143.75, "trend": 1743.580001, "fair_value": 694.585331, "relative_strength": -3.952256, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.252905, "energy": 34.753287, "activity_lines": [ 1727.986654, 1776.353631, 1868.137858, 1829.764948 ] }, { "date": "2024-10-11", "close": 1606.0, "volume": 14375, "typical_volume": 28031.25, "trend": 1750.866667, "fair_value": 704.558713, "relative_strength": -6.513481, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.158004, "energy": 42.503791, "activity_lines": [ 1680.263322, 1738.580904, 1840.263571, 1820.888818 ] }, { "date": "2024-10-18", "close": 1668.199951, "volume": 16375, "typical_volume": 27456.25, "trend": 1756.473332, "fair_value": 714.930813, "relative_strength": -2.962731, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.919363, "energy": 35.84905, "activity_lines": [ 1667.416642, 1718.472714, 1818.723804, 1815.555482 ] }, { "date": "2024-10-25", "close": 1587.5, "volume": 12125, "typical_volume": 26268.75, "trend": 1758.286666, "fair_value": 724.723226, "relative_strength": -5.466374, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.506393, "energy": 49.521328, "activity_lines": [ 1634.456649, 1687.344534, 1789.38428, 1804.653977 ] }, { "date": "2024-11-01", "close": 1859.75, "volume": 25375, "typical_volume": 26450.0, "trend": 1772.778333, "fair_value": 736.260832, "relative_strength": 9.500528, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.016009, "energy": 18.334662, "activity_lines": [ 1700.746655, 1708.834535, 1787.073566, 1811.199998 ] }, { "date": "2024-11-08", "close": 1765.0, "volume": 13625, "typical_volume": 23631.25, "trend": 1786.544999, "fair_value": 747.191067, "relative_strength": 4.05961, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.59148, "energy": 9.48521, "activity_lines": [ 1731.259993, 1714.926354, 1775.806899, 1810.69817 ] }, { "date": "2024-11-15", "close": 1521.849976, "volume": 53625, "typical_volume": 21850.0, "trend": 1789.966667, "fair_value": 756.562647, "relative_strength": -8.210645, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.792886, "energy": 22.654948, "activity_lines": [ 1672.779989, 1678.311805, 1742.67904, 1793.621072 ] }, { "date": "2024-11-22", "close": 1773.599976, "volume": 49375, "typical_volume": 22393.75, "trend": 1805.419999, "fair_value": 767.605269, "relative_strength": 4.777634, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -33.404545, "energy": 16.088991, "activity_lines": [ 1703.826652, 1692.857258, 1737.403086, 1792.565157 ] }, { "date": "2024-11-29", "close": 1990.0, "volume": 36875, "typical_volume": 23200.0, "trend": 1821.866667, "fair_value": 780.035072, "relative_strength": 15.678397, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.074704, "energy": 8.553859, "activity_lines": [ 1799.979989, 1746.682715, 1755.529038, 1804.473544 ] }, { "date": "2024-12-06", "close": 2128.5, "volume": 83875, "typical_volume": 26543.75, "trend": 1845.685002, "fair_value": 793.353014, "relative_strength": 19.981607, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.099286, "energy": 28.507412, "activity_lines": [ 1915.466659, 1820.68999, 1787.468563, 1824.256339 ] }, { "date": "2024-12-13", "close": 1997.0, "volume": 28875, "typical_volume": 26562.5, "trend": 1862.366667, "fair_value": 805.828008, "relative_strength": 11.61416, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.979414, "energy": 34.038915, "activity_lines": [ 1969.203329, 1864.758174, 1805.881659, 1834.018597 ] }, { "date": "2024-12-20", "close": 2184.350098, "volume": 77000, "typical_volume": 29800.0, "trend": 1878.770003, "fair_value": 819.503965, "relative_strength": 27.170852, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.737232, "energy": 52.92169, "activity_lines": [ 2069.923364, 1936.505467, 1842.32024, 1854.791722 ] }, { "date": "2024-12-27", "close": 2263.699951, "volume": 31375, "typical_volume": 30825.0, "trend": 1899.418335, "fair_value": 833.688574, "relative_strength": 29.401143, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 45.470143, "energy": 62.862512, "activity_lines": [ 2152.926676, 2012.164549, 1885.226426, 1879.625912 ] }, { "date": "2025-01-03", "close": 2282.600098, "volume": 30625, "typical_volume": 31887.5, "trend": 1914.88667, "fair_value": 847.980902, "relative_strength": 28.251825, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.326265, "energy": 62.405453, "activity_lines": [ 2209.556706, 2080.432748, 1928.053579, 1904.347316 ] }, { "date": "2025-01-10", "close": 2336.100098, "volume": 48625, "typical_volume": 33550.0, "trend": 1930.290007, "fair_value": 862.616179, "relative_strength": 33.000778, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 71.713006, "energy": 72.746276, "activity_lines": [ 2264.513395, 2145.790037, 1973.482635, 1931.522376 ] }, { "date": "2025-01-17", "close": 2172.800049, "volume": 18750, "typical_volume": 30906.25, "trend": 1934.811674, "fair_value": 876.204661, "relative_strength": 23.740521, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.883481, "energy": 57.264979, "activity_lines": [ 2251.196729, 2172.795497, 2001.57002, 1947.168185 ] }, { "date": "2025-01-24", "close": 2149.300049, "volume": 57875, "typical_volume": 33387.5, "trend": 1928.596676, "fair_value": 889.642502, "relative_strength": 21.946092, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.388656, "energy": 39.806691, "activity_lines": [ 2218.326725, 2188.113683, 2025.870976, 1961.006145 ] }, { "date": "2025-01-31", "close": 2318.699951, "volume": 38250, "typical_volume": 34868.75, "trend": 1927.220007, "fair_value": 903.96215, "relative_strength": 28.322993, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.318188, "energy": 39.378942, "activity_lines": [ 2244.260026, 2222.823668, 2064.728352, 1986.174098 ] }, { "date": "2025-02-07", "close": 2016.150024, "volume": 28500, "typical_volume": 35493.75, "trend": 1923.730005, "fair_value": 916.138605, "relative_strength": 11.295261, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.87743, "energy": 22.240808, "activity_lines": [ 2165.676684, 2192.613667, 2072.158591, 1991.911519 ] }, { "date": "2025-02-14", "close": 1841.349976, "volume": 31875, "typical_volume": 35962.5, "trend": 1921.176672, "fair_value": 927.194547, "relative_strength": 4.505209, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.584051, "energy": 14.383721, "activity_lines": [ 2046.589998, 2130.146385, 2061.50716, 1986.596678 ] }, { "date": "2025-02-21", "close": 1925.099976, "volume": 38000, "typical_volume": 36768.75, "trend": 1917.501672, "fair_value": 938.923941, "relative_strength": 9.778934, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.638303, "energy": 15.931173, "activity_lines": [ 1988.40332, 2088.127284, 2058.620014, 1986.849794 ] }, { "date": "2025-02-28", "close": 1904.849976, "volume": 46000, "typical_volume": 38350.0, "trend": 1915.81167, "fair_value": 950.564153, "relative_strength": 11.671741, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.434918, "energy": 16.589348, "activity_lines": [ 1939.979981, 2043.733638, 2052.474535, 1986.033556 ] }, { "date": "2025-03-07", "close": 1651.5, "volume": 41000, "typical_volume": 39581.25, "trend": 1908.558337, "fair_value": 960.580327, "relative_strength": -5.062503, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.458639, "energy": 30.409039, "activity_lines": [ 1823.403321, 1958.358181, 2020.777391, 1968.98119 ] }, { "date": "2025-03-14", "close": 1566.949951, "volume": 46750, "typical_volume": 41312.5, "trend": 1902.156669, "fair_value": 970.054514, "relative_strength": -9.455557, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.384511, "energy": 48.598521, "activity_lines": [ 1723.123307, 1868.740896, 1981.107385, 1946.941939 ] }, { "date": "2025-03-21", "close": 1737.199951, "volume": 27000, "typical_volume": 41393.75, "trend": 1894.718335, "fair_value": 980.592216, "relative_strength": -3.871454, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.39563, "energy": 47.352507, "activity_lines": [ 1709.539966, 1823.089977, 1957.749523, 1936.29957 ] }, { "date": "2025-03-28", "close": 2057.050049, "volume": 71293, "typical_volume": 44277.15, "trend": 1901.698336, "fair_value": 993.15049, "relative_strength": 12.484536, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.790382, "energy": 23.308235, "activity_lines": [ 1809.516659, 1846.482715, 1965.437146, 1946.772584 ] }, { "date": "2025-04-04", "close": 1763.0, "volume": 11811, "typical_volume": 42186.45, "trend": 1899.860002, "fair_value": 1003.824787, "relative_strength": -1.340454, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.662088, "energy": 15.881231, "activity_lines": [ 1802.679997, 1818.516353, 1943.729288, 1937.824304 ] }, { "date": "2025-04-11", "close": 1734.050049, "volume": 10911, "typical_volume": 40263.25, "trend": 1898.66167, "fair_value": 1014.313507, "relative_strength": -3.018531, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -15.910912, "energy": 11.257578, "activity_lines": [ 1795.650016, 1792.310001, 1918.115959, 1927.126888 ] }, { "date": "2025-04-18", "close": 1692.599976, "volume": 7258, "typical_volume": 38782.4, "trend": 1897.915003, "fair_value": 1024.505173, "relative_strength": -9.550104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.71597, "energy": 12.296145, "activity_lines": [ 1769.300008, 1769.19727, 1888.743336, 1913.832585 ] }, { "date": "2025-04-25", "close": 1743.900024, "volume": 12276, "typical_volume": 35202.45, "trend": 1896.150004, "fair_value": 1035.057034, "relative_strength": -7.855115, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -23.911894, "energy": 19.766714, "activity_lines": [ 1751.673348, 1761.294549, 1865.672623, 1903.896135 ] }, { "date": "2025-05-02", "close": 1705.0, "volume": 30197, "typical_volume": 35268.55, "trend": 1898.121672, "fair_value": 1045.359537, "relative_strength": -11.122555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.982466, "energy": 38.973217, "activity_lines": [ 1720.633341, 1748.090914, 1840.728574, 1891.563877 ] }, { "date": "2025-05-09", "close": 1592.0, "volume": 7792, "typical_volume": 31808.15, "trend": 1897.655005, "fair_value": 1055.009015, "relative_strength": -15.887402, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.541649, "energy": 50.94322, "activity_lines": [ 1675.396672, 1718.343641, 1806.413097, 1871.814091 ] }, { "date": "2025-05-16", "close": 1735.400024, "volume": 34250, "typical_volume": 31951.9, "trend": 1899.895007, "fair_value": 1065.699923, "relative_strength": -12.077756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.25316, "energy": 42.098374, "activity_lines": [ 1689.36001, 1720.357282, 1788.57548, 1861.346028 ] }, { "date": "2025-05-23", "close": 1691.199951, "volume": 9129, "typical_volume": 30877.1, "trend": 1903.351672, "fair_value": 1076.107497, "relative_strength": -13.623268, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.726245, "energy": 39.947282, "activity_lines": [ 1688.499992, 1712.809091, 1769.044045, 1847.881831 ] }, { "date": "2025-05-30", "close": 1710.900024, "volume": 43392, "typical_volume": 30615.45, "trend": 1898.390007, "fair_value": 1086.673663, "relative_strength": -12.172793, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.247372, "energy": 31.000248, "activity_lines": [ 1694.3, 1706.58364, 1754.205, 1835.465596 ] }, { "date": "2025-06-06", "close": 1642.0, "volume": 24677, "typical_volume": 30911.8, "trend": 1894.290007, "fair_value": 1096.828231, "relative_strength": -16.306645, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.895528, "energy": 29.853961, "activity_lines": [ 1679.333333, 1688.309093, 1735.78119, 1818.924305 ] }, { "date": "2025-06-13", "close": 1641.5, "volume": 25742, "typical_volume": 29305.15, "trend": 1898.278341, "fair_value": 1106.979594, "relative_strength": -15.089337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.165242, "energy": 30.872631, "activity_lines": [ 1668.4, 1677.490001, 1719.837381, 1802.615272 ] }, { "date": "2025-06-20", "close": 1459.300049, "volume": 31914, "typical_volume": 28988.35, "trend": 1887.801676, "fair_value": 1115.963009, "relative_strength": -25.172098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.535081, "energy": 48.36596, "activity_lines": [ 1593.43335, 1635.752737, 1688.959291, 1774.294092 ] }, { "date": "2025-06-27", "close": 1648.0, "volume": 43920, "typical_volume": 29759.35, "trend": 1876.401676, "fair_value": 1126.156039, "relative_strength": -16.545998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.899565, "energy": 45.607218, "activity_lines": [ 1599.773348, 1633.320008, 1680.145005, 1758.823016 ] }, { "date": "2025-07-04", "close": 1489.300049, "volume": 49005, "typical_volume": 30615.85, "trend": 1855.095011, "fair_value": 1135.331761, "relative_strength": -23.321146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.788284, "energy": 56.720885, "activity_lines": [ 1556.093359, 1602.843652, 1657.969534, 1733.848718 ] }, { "date": "2025-07-11", "close": 1562.599976, "volume": 12281, "typical_volume": 29329.9, "trend": 1840.615011, "fair_value": 1144.977355, "relative_strength": -18.047196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.785515, "energy": 55.422167, "activity_lines": [ 1551.620012, 1590.323646, 1644.451436, 1714.97807 ] }, { "date": "2025-07-18", "close": 1546.800049, "volume": 17235, "typical_volume": 27891.65, "trend": 1819.363342, "fair_value": 1154.521667, "relative_strength": -17.94841, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.525545, "energy": 40.035592, "activity_lines": [ 1547.173356, 1577.520017, 1631.154774, 1696.022266 ] }, { "date": "2025-07-25", "close": 1565.199951, "volume": 14423, "typical_volume": 26562.8, "trend": 1796.080009, "fair_value": 1164.183928, "relative_strength": -16.128576, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.795577, "energy": 36.5482, "activity_lines": [ 1555.173332, 1568.883643, 1621.315483, 1679.624628 ] }, { "date": "2025-08-01", "close": 1601.099976, "volume": 28809, "typical_volume": 25665.75, "trend": 1773.363338, "fair_value": 1174.076316, "relative_strength": -12.945569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.985344, "energy": 28.729906, "activity_lines": [ 1568.079989, 1569.869092, 1615.306194, 1667.045271 ] }, { "date": "2025-08-08", "close": 1486.099976, "volume": 7727, "typical_volume": 24702.1, "trend": 1745.030001, "fair_value": 1183.21873, "relative_strength": -18.198176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.438248, "energy": 34.503417, "activity_lines": [ 1545.779981, 1551.583632, 1598.181906, 1648.512151 ] }, { "date": "2025-08-15", "close": 1486.300049, "volume": 3936, "typical_volume": 21334.25, "trend": 1722.146668, "fair_value": 1192.362426, "relative_strength": -18.840102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.494212, "energy": 36.942733, "activity_lines": [ 1523.760002, 1537.421822, 1582.272386, 1631.819896 ] }, { "date": "2025-08-22", "close": 1458.599976, "volume": 11529, "typical_volume": 21320.15, "trend": 1699.123332, "fair_value": 1201.328557, "relative_strength": -20.700569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.355153, "energy": 43.332595, "activity_lines": [ 1497.593327, 1521.054543, 1566.442621, 1614.816884 ] }, { "date": "2025-08-29", "close": 1518.099976, "volume": 26811, "typical_volume": 22115.15, "trend": 1672.436666, "fair_value": 1210.637392, "relative_strength": -15.725578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.749206, "energy": 42.222474, "activity_lines": [ 1497.139991, 1518.830902, 1557.729047, 1603.137957 ] }, { "date": "2025-09-05", "close": 1427.800049, "volume": 8419, "typical_volume": 22173.2, "trend": 1652.825, "fair_value": 1219.367382, "relative_strength": -21.428301, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.409826, "energy": 49.81776, "activity_lines": [ 1469.726677, 1499.120002, 1541.443814, 1587.35495 ] }, { "date": "2025-09-12", "close": 1421.900024, "volume": 26823, "typical_volume": 22900.55, "trend": 1638.843335, "fair_value": 1228.05955, "relative_strength": -22.648057, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.82446, "energy": 45.921387, "activity_lines": [ 1451.900016, 1482.340006, 1525.857625, 1572.456564 ] }, { "date": "2025-09-19", "close": 1387.599976, "volume": 19903, "typical_volume": 22385.85, "trend": 1620.926668, "fair_value": 1236.533126, "relative_strength": -24.918005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.353717, "energy": 52.541646, "activity_lines": [ 1426.920003, 1460.549092, 1508.538098, 1556.247315 ] }, { "date": "2025-09-26", "close": 1373.900024, "volume": 13696, "typical_volume": 22681.05, "trend": 1603.228337, "fair_value": 1244.918882, "relative_strength": -23.371225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.560585, "energy": 64.764372, "activity_lines": [ 1403.953345, 1439.449097, 1491.425243, 1540.310112 ] }, { "date": "2025-10-03", "close": 1341.300049, "volume": 17463, "typical_volume": 21841.7, "trend": 1592.888338, "fair_value": 1253.095664, "relative_strength": -25.67516, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.762216, "energy": 68.339655, "activity_lines": [ 1375.766691, 1415.56547, 1472.2462, 1523.411513 ] }, { "date": "2025-10-10", "close": 1339.0, "volume": 27994, "typical_volume": 22784.95, "trend": 1585.290007, "fair_value": 1261.257702, "relative_strength": -26.729128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.28443, "energy": 68.117133, "activity_lines": [ 1358.600016, 1395.334559, 1454.724771, 1507.03162 ] }, { "date": "2025-10-17", "close": 1315.900024, "volume": 12326, "typical_volume": 21231.65, "trend": 1571.246676, "fair_value": 1269.271663, "relative_strength": -28.880502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.407604, "energy": 66.635251, "activity_lines": [ 1339.653353, 1375.669107, 1436.680486, 1489.651622 ] }, { "date": "2025-10-24", "close": 1332.199951, "volume": 6665, "typical_volume": 20331.05, "trend": 1547.085006, "fair_value": 1277.390111, "relative_strength": -27.96806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.370396, "energy": 52.745472, "activity_lines": [ 1333.206665, 1362.061823, 1422.069528, 1474.229252 ] }, { "date": "2025-10-31", "close": 1527.599976, "volume": 53004, "typical_volume": 21694.15, "trend": 1539.238338, "fair_value": 1286.74033, "relative_strength": -16.785872, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.732124, "energy": 24.140643, "activity_lines": [ 1395.586654, 1386.783636, 1427.543335, 1472.972154 ] }, { "date": "2025-11-07", "close": 1397.599976, "volume": 12765, "typical_volume": 20736.7, "trend": 1528.023336, "fair_value": 1295.257216, "relative_strength": -22.801205, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.554483, "energy": 21.441187, "activity_lines": [ 1404.386646, 1386.61454, 1421.17857, 1463.834195 ] }, { "date": "2025-11-14", "close": 1551.0, "volume": 35084, "typical_volume": 20294.9, "trend": 1523.303337, "fair_value": 1304.757435, "relative_strength": -15.599293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.846411, "energy": 14.525092, "activity_lines": [ 1460.566651, 1416.527266, 1429.717142, 1465.31656 ] }, { "date": "2025-11-21", "close": 1152.699951, "volume": 78725, "typical_volume": 21780.9, "trend": 1503.596668, "fair_value": 1311.704449, "relative_strength": -37.143248, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.948938, "energy": 27.758394, "activity_lines": [ 1369.846639, 1371.781803, 1400.78428, 1441.406664 ] }, { "date": "2025-11-28", "close": 1339.699951, "volume": 51078, "typical_volume": 23720.75, "trend": 1491.419999, "fair_value": 1319.828108, "relative_strength": -26.693955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.434151, "energy": 26.952819, "activity_lines": [ 1352.339966, 1365.930886, 1391.263799, 1430.832683 ] }, { "date": "2025-12-05", "close": 1135.199951, "volume": 22638, "typical_volume": 23990.9, "trend": 1476.193331, "fair_value": 1326.64087, "relative_strength": -37.100666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.955561, "energy": 49.053673, "activity_lines": [ 1266.166626, 1323.769061, 1363.328557, 1407.850744 ] }, { "date": "2025-12-12", "close": 1214.199951, "volume": 23600, "typical_volume": 24449.75, "trend": 1458.819995, "fair_value": 1333.960043, "relative_strength": -31.715076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.314906, "energy": 61.551147, "activity_lines": [ 1232.486621, 1300.310873, 1344.877125, 1390.947945 ] }, { "date": "2025-12-19", "close": 1205.599976, "volume": 15370, "typical_volume": 23777.8, "trend": 1442.633329, "fair_value": 1341.176743, "relative_strength": -31.092042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.506556, "energy": 57.468315, "activity_lines": [ 1208.166626, 1277.599965, 1327.278076, 1374.61117 ] }, { "date": "2025-12-26", "close": 1209.400024, "volume": 4900, "typical_volume": 23636.45, "trend": 1425.916663, "fair_value": 1348.392531, "relative_strength": -30.106408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.383035, "energy": 55.504458, "activity_lines": [ 1208.139982, 1258.005429, 1311.924269, 1359.56386 ] }, { "date": "2026-01-02", "close": 1218.800049, "volume": 13815, "typical_volume": 24130.4, "trend": 1411.809998, "fair_value": 1355.584445, "relative_strength": -29.330874, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.800688, "energy": 36.403903, "activity_lines": [ 1207.466675, 1242.056352, 1298.783322, 1346.201498 ] }, { "date": "2026-01-09", "close": 1072.800049, "volume": 12775, "typical_volume": 24192.7, "trend": 1392.853333, "fair_value": 1361.707387, "relative_strength": -35.130355, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.915219, "energy": 42.923613, "activity_lines": [ 1166.186694, 1201.623637, 1273.011423, 1324.329888 ] }, { "date": "2026-01-16", "close": 1159.800049, "volume": 9785, "typical_volume": 23341.4, "trend": 1382.869999, "fair_value": 1368.226477, "relative_strength": -28.869437, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.137374, "energy": 36.626328, "activity_lines": [ 1158.066707, 1185.278194, 1257.36238, 1309.294192 ] }, { "date": "2026-01-23", "close": 1184.300049, "volume": 28087, "typical_volume": 24324.8, "trend": 1367.413334, "fair_value": 1374.80889, "relative_strength": -24.445999, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.722278, "energy": 34.086972, "activity_lines": [ 1161.740047, 1177.710931, 1245.752861, 1296.483228 ] }, { "date": "2026-01-30", "close": 1334.300049, "volume": 19742, "typical_volume": 23970.75, "trend": 1362.246668, "fair_value": 1382.249837, "relative_strength": -14.585179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.991413, "energy": 19.991651, "activity_lines": [ 1216.833382, 1204.083667, 1249.58858, 1294.346887 ] }, { "date": "2026-02-06", "close": 1248.400024, "volume": 6003, "typical_volume": 23275.75, "trend": 1351.773336, "fair_value": 1388.901185, "relative_strength": -20.325754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.655939, "energy": 14.712829, "activity_lines": [ 1234.966707, 1211.536397, 1245.660487, 1287.001942 ] }, { "date": "2026-02-13", "close": 1363.199951, "volume": 7151, "typical_volume": 22948.5, "trend": 1345.653333, "fair_value": 1395.925034, "relative_strength": -11.491142, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.870191, "energy": 13.490407, "activity_lines": [ 1289.393343, 1241.521839, 1253.328577, 1287.739143 ] }, { "date": "2026-02-20", "close": 1315.0, "volume": 7977, "typical_volume": 22474.2, "trend": 1337.313334, "fair_value": 1402.661662, "relative_strength": -14.052328, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.943558, "energy": 15.065491, "activity_lines": [ 1308.393335, 1258.5982, 1256.457149, 1285.761509 ] }, { "date": "2026-02-27", "close": 1449.5, "volume": 26734, "typical_volume": 22411.2, "trend": 1332.260002, "fair_value": 1409.882359, "relative_strength": -2.893904, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.159057, "energy": 28.85861, "activity_lines": [ 1361.879997, 1298.296378, 1272.520482, 1292.999358 ] }, { "date": "2026-03-06", "close": 1422.699951, "volume": 11457, "typical_volume": 22367.75, "trend": 1330.146668, "fair_value": 1416.910468, "relative_strength": -1.369447, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.522668, "energy": 39.073327, "activity_lines": [ 1388.753312, 1328.687274, 1285.50524, 1298.834194 ] }, { "date": "2026-03-13", "close": 1465.199951, "volume": 22396, "typical_volume": 23154.3, "trend": 1329.443331, "fair_value": 1424.414782, "relative_strength": 7.511773, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.504593, "energy": 47.160203, "activity_lines": [ 1423.899967, 1362.927262, 1302.029045, 1307.547309 ] }, { "date": "2026-03-20", "close": 1440.599976, "volume": 38491, "typical_volume": 22428.65, "trend": 1328.843331, "fair_value": 1431.679193, "relative_strength": 6.293289, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.518574, "energy": 47.184436, "activity_lines": [ 1436.393302, 1388.214529, 1315.576662, 1314.718705 ] }, { "date": "2026-03-27", "close": 1473.599976, "volume": 47171, "typical_volume": 24148.95, "trend": 1327.359998, "fair_value": 1438.918104, "relative_strength": 10.96619, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.891046, "energy": 40.050137, "activity_lines": [ 1454.726636, 1412.814524, 1332.681423, 1324.057844 ] }, { "date": "2026-04-03", "close": 1402.900024, "volume": 32717, "typical_volume": 24030.6, "trend": 1326.529997, "fair_value": 1445.511876, "relative_strength": 6.673658, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 55.206266, "energy": 33.815352, "activity_lines": [ 1438.919987, 1418.85453, 1342.690949, 1328.931394 ] }, { "date": "2026-04-10", "close": 1225.0, "volume": 85152, "typical_volume": 24351.95, "trend": 1319.966663, "fair_value": 1450.747737, "relative_strength": -11.296283, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 23.95828, "energy": 12.215216, "activity_lines": [ 1366.919995, 1388.574532, 1336.462855, 1322.381071 ] }, { "date": "2026-04-17", "close": 1201.599976, "volume": 70053, "typical_volume": 25300.7, "trend": 1313.766663, "fair_value": 1455.521386, "relative_strength": -13.446252, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -4.368024, "energy": 10.569923, "activity_lines": [ 1300.299992, 1356.027257, 1327.6619, 1314.744511 ] }, { "date": "2026-04-24", "close": 1133.699951, "volume": 33199, "typical_volume": 25828.75, "trend": 1305.759994, "fair_value": 1459.781405, "relative_strength": -16.069566, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.177096, "energy": 29.862439, "activity_lines": [ 1228.619979, 1311.985434, 1313.051896, 1303.127304 ] }, { "date": "2026-05-01", "close": 1206.199951, "volume": 26811, "typical_volume": 25989.3, "trend": 1301.256657, "fair_value": 1464.088071, "relative_strength": -10.470744, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.409496, "energy": 31.139939, "activity_lines": [ 1201.566634, 1285.298156, 1305.353796, 1296.704075 ] }, { "date": "2026-05-08", "close": 1252.400024, "volume": 39453, "typical_volume": 27193.45, "trend": 1298.369991, "fair_value": 1469.026136, "relative_strength": -7.267461, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.308953, "energy": 38.80337, "activity_lines": [ 1207.739982, 1268.989074, 1302.093798, 1293.552034 ] }, { "date": "2026-05-15", "close": 1444.300049, "volume": 236028, "typical_volume": 38749.85, "trend": 1302.649992, "fair_value": 1475.245192, "relative_strength": 9.663157, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 9.563981, "energy": 9.432403, "activity_lines": [ 1287.913338, 1291.154541, 1316.887136, 1302.966877 ] }, { "date": "2026-05-22", "close": 1418.900024, "volume": 33637, "typical_volume": 39740.95, "trend": 1305.539994, "fair_value": 1481.039423, "relative_strength": 7.696176, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 41.463344, "energy": 22.74987, "activity_lines": [ 1345.000016, 1308.309093, 1328.142852, 1310.466879 ] }, { "date": "2026-05-29", "close": 1443.400024, "volume": 90435, "typical_volume": 43623.95, "trend": 1302.733329, "fair_value": 1487.025961, "relative_strength": 10.653808, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.772191, "energy": 33.567704, "activity_lines": [ 1395.766691, 1330.760007, 1340.779045, 1319.361074 ] }, { "date": "2026-06-05", "close": 1769.099976, "volume": 86017, "typical_volume": 47435.55, "trend": 1315.116663, "fair_value": 1495.097115, "relative_strength": 36.19879, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 84.392748, "energy": 74.484365, "activity_lines": [ 1534.453345, 1412.378185, 1382.669519, 1349.449245 ] }, { "date": "2026-06-12", "close": 1598.5, "volume": 10364, "typical_volume": 46549.4, "trend": 1316.699996, "fair_value": 1501.978525, "relative_strength": 21.676977, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.453098, "energy": 72.936955, "activity_lines": [ 1578.746672, 1457.605458, 1405.410948, 1367.732041 ] }, { "date": "2026-06-19", "close": 1805.0, "volume": 24301, "typical_volume": 46777.35, "trend": 1338.443331, "fair_value": 1509.696154, "relative_strength": 34.370506, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.255231, "energy": 84.186236, "activity_lines": [ 1668.8, 1536.821822, 1445.846663, 1399.235267 ] }, { "date": "2026-06-26", "close": 1789.099976, "volume": 0, "typical_volume": 46477.2, "trend": 1353.423332, "fair_value": 1516.673718, "relative_strength": 32.48967, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.546441, "energy": 85.72356, "activity_lines": [ 1729.506657, 1602.601818, 1482.526661, 1428.309889 ] }, { "date": "2026-07-03", "close": 1853.199951, "volume": 14116, "typical_volume": 46825.45, "trend": 1377.356665, "fair_value": 1523.06891, "relative_strength": 35.194409, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.178936, "energy": 87.805009, "activity_lines": [ 1786.899976, 1669.354537, 1522.736658, 1460.553542 ] }, { "date": "2026-07-10", "close": 1921.599976, "volume": 866819, "typical_volume": 89767.55, "trend": 1400.936666, "fair_value": 1530.302884, "relative_strength": 39.733873, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.866477, "energy": 88.209561, "activity_lines": [ 1839.773307, 1735.461805, 1567.127609, 1495.666014 ] }, { "date": "2026-07-17", "close": 1959.300049, "volume": 102914, "typical_volume": 93576.55, "trend": 1426.060002, "fair_value": 1537.523718, "relative_strength": 40.844243, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.869825, "energy": 84.285981, "activity_lines": [ 1895.046664, 1795.41636, 1612.220472, 1531.689458 ] }, { "date": "2026-07-24", "close": 2281.600098, "volume": 548145, "typical_volume": 120410.95, "trend": 1461.800004, "fair_value": 1546.15577, "relative_strength": 66.081997, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.91161, "energy": 86.513729, "activity_lines": [ 2033.700033, 1901.118195, 1685.580958, 1586.885593 ] }, { "date": "2026-07-31", "close": 2363.0, "volume": 377902, "typical_volume": 138186.25, "trend": 1499.940002, "fair_value": 1554.989744, "relative_strength": 65.909197, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.206375, "energy": 84.583595, "activity_lines": [ 2167.713363, 2006.396376, 1762.603816, 1645.027528 ] }, { "date": "2026-08-07", "close": 2440.699951, "volume": 165468, "typical_volume": 144535.1, "trend": 1545.536666, "fair_value": 1564.21859, "relative_strength": 67.940377, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.552304, "energy": 87.361674, "activity_lines": [ 2289.366675, 2108.636366, 1842.75143, 1705.721719 ] } ], "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." } } }