{ "ticker": { "uuid": "912511cc-fad6-4fa0-88d0-1e40a1cda76d", "symbol": "COSIC", "name": "UBS CMCI Commodity Carry SF UCITS ETF hCHF acc", "exchange": "EBS", "country": "CH", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^SSMI", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 94.707, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -33.051, "architecture_energy": 34.235, "architecture_maturity": 33.761, "architecture_confidence": 54.329, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 40.05, "rotation_up": 11.8, "upward_expansion": 18.27, "deceleration": 61.0, "rotation_down": 60.79, "downward_expansion": 61.27 }, "activity_lines": [ 99.130666, 100.208908, 99.237428, 99.62215 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 100.120003, "trend_reference": 102.127667, "distance_from_trend": -0.019658, "trend_direction": "Weakening", "fair_value": 113.849655, "distance_from_fair_value": -0.120595, "fair_value_direction": "Improving", "relative_strength": -17.758541, "relative_strength_direction": "Improving", "price_momentum": -0.11773, "excess_performance": -0.200613, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.019658, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.052941, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.120595, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.0336, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.177585, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000683, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.11773, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 10.431034, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 10.431034, "dry_up": 0.001251, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.018908, "annualized_volatility": 0.325994, "from_high_reference": -0.180151, "from_low_reference": 0.142661 }, "levels": { "trend_reference": 102.127667, "fair_value_reference": 113.849655, "structural_low": 87.620003, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": 0.00252, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.000836, "regime_survival": 0.666667, "best_return": 0.117121, "worst_return": -0.149721, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.02655, "positive_rate": 0.857143, "directional_follow_through": 0.142857, "median_excess_return": 0.059507, "regime_survival": 0.285714, "best_return": 0.111869, "worst_return": -0.174721, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.039841, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.039698, "regime_survival": 0.0, "best_return": 0.130755, "worst_return": -0.140081, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.066715, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.00406, "regime_survival": 0.0, "best_return": 0.292579, "worst_return": 0.064304, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-03", "end": "2025-01-10", "tenure": "New", "return": -0.014655, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-17", "end": "2025-04-04", "tenure": "Developing", "return": 0.031885, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-04-18", "tenure": "New", "return": 0.005696, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-25", "end": "2025-06-06", "tenure": "Developing", "return": 0.016821, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-13", "end": "2025-06-20", "tenure": "New", "return": -0.018244, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": -0.008956, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-25", "end": "2025-11-14", "tenure": "Established", "return": -0.012447, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2025-12-19", "tenure": "Developing", "return": 0.018493, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-26", "end": "2026-01-09", "tenure": "New", "return": 0.012335, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-01-23", "tenure": "New", "return": -0.031297, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-06-19", "tenure": "Established", "return": -0.089412, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-26", "end": "2026-07-03", "tenure": "New", "return": 0.00845, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-10", "end": "2026-07-17", "tenure": "New", "return": -0.018493, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.035367, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 112.540001, "volume": 0, "typical_volume": 13230.95, "trend": 114.200666, "fair_value": 102.627948, "relative_strength": 4.197049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.752319, "energy": 71.932044, "activity_lines": [ 112.198665, 112.449817, 113.302951, 113.81415 ] }, { "date": "2023-08-25", "close": 112.32, "volume": 437, "typical_volume": 13252.8, "trend": 114.235999, "fair_value": 102.724423, "relative_strength": 2.620456, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.268233, "energy": 62.073074, "activity_lines": [ 112.229333, 112.387272, 113.147523, 113.692816 ] }, { "date": "2023-09-01", "close": 111.879997, "volume": 2465, "typical_volume": 13372.2, "trend": 114.149333, "fair_value": 102.812371, "relative_strength": 0.937464, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.249414, "energy": 56.055424, "activity_lines": [ 112.119999, 112.257817, 112.962094, 113.540816 ] }, { "date": "2023-09-08", "close": 111.800003, "volume": 1065, "typical_volume": 13422.45, "trend": 114.075333, "fair_value": 102.890577, "relative_strength": 1.838328, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.49958, "energy": 61.250946, "activity_lines": [ 112.005333, 112.140363, 112.778761, 113.389247 ] }, { "date": "2023-09-15", "close": 110.940002, "volume": 3750, "typical_volume": 13469.95, "trend": 113.94, "fair_value": 102.958782, "relative_strength": -1.263725, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.271178, "energy": 88.313526, "activity_lines": [ 111.648001, 111.889818, 112.527238, 113.186967 ] }, { "date": "2023-09-22", "close": 110.760002, "volume": 107, "typical_volume": 13461.45, "trend": 113.794666, "fair_value": 103.037564, "relative_strength": 0.210788, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.513602, "energy": 90.722826, "activity_lines": [ 111.269335, 111.645819, 112.281143, 112.981806 ] }, { "date": "2023-09-29", "close": 109.940002, "volume": 2518, "typical_volume": 13489.65, "trend": 113.654666, "fair_value": 103.098718, "relative_strength": -0.097022, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.864888, "energy": 94.058598, "activity_lines": [ 110.736002, 111.292364, 111.986381, 112.733118 ] }, { "date": "2023-10-06", "close": 110.699997, "volume": 1813, "typical_volume": 13290.3, "trend": 113.504666, "fair_value": 103.183141, "relative_strength": 1.663716, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.564726, "energy": 83.169932, "activity_lines": [ 110.614667, 111.122182, 111.792762, 112.542494 ] }, { "date": "2023-10-13", "close": 110.519997, "volume": 0, "typical_volume": 11908.1, "trend": 113.333333, "fair_value": 103.268525, "relative_strength": 0.841778, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.696219, "energy": 65.534024, "activity_lines": [ 110.511999, 110.946545, 111.601714, 112.349935 ] }, { "date": "2023-10-20", "close": 110.220001, "volume": 0, "typical_volume": 10767.4, "trend": 113.146, "fair_value": 103.3525, "relative_strength": 5.781799, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.982025, "energy": 66.911621, "activity_lines": [ 110.394666, 110.751636, 111.404762, 112.149075 ] }, { "date": "2023-10-27", "close": 110.68, "volume": 2268, "typical_volume": 10709.75, "trend": 112.96, "fair_value": 103.4325, "relative_strength": 6.250105, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.292642, "energy": 58.546555, "activity_lines": [ 110.478666, 110.664, 111.280285, 111.989978 ] }, { "date": "2023-11-03", "close": 110.980003, "volume": 28, "typical_volume": 912.3, "trend": 112.832, "fair_value": 103.507179, "relative_strength": 3.762162, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.535585, "energy": 46.551809, "activity_lines": [ 110.668001, 110.664728, 111.200286, 111.862236 ] }, { "date": "2023-11-10", "close": 112.860001, "volume": 5, "typical_volume": 897.55, "trend": 112.796666, "fair_value": 103.594295, "relative_strength": 5.465636, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.487674, "energy": 14.867984, "activity_lines": [ 111.414668, 111.031637, 111.309143, 111.864043 ] }, { "date": "2023-11-17", "close": 113.239998, "volume": 1600, "typical_volume": 977.55, "trend": 112.748666, "fair_value": 103.681154, "relative_strength": 3.783224, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 10.353761, "energy": 29.417669, "activity_lines": [ 112.144, 111.449818, 111.456476, 111.892645 ] }, { "date": "2023-11-24", "close": 113.459999, "volume": 0, "typical_volume": 889.8, "trend": 112.674666, "fair_value": 103.774615, "relative_strength": 2.381786, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 43.740104, "energy": 52.260225, "activity_lines": [ 112.765333, 111.881818, 111.624, 111.938537 ] }, { "date": "2023-12-01", "close": 114.360001, "volume": 0, "typical_volume": 889.8, "trend": 112.588666, "fair_value": 103.869679, "relative_strength": 2.928636, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.542493, "energy": 77.750013, "activity_lines": [ 113.470667, 112.431636, 111.875524, 112.047269 ] }, { "date": "2023-12-08", "close": 115.720001, "volume": 2129, "typical_volume": 996.25, "trend": 112.579999, "fair_value": 103.966602, "relative_strength": 2.294573, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 67.377007, "energy": 88.139433, "activity_lines": [ 114.384, 113.163273, 112.24981, 112.24929 ] }, { "date": "2023-12-15", "close": 116.32, "volume": 4406, "typical_volume": 1169.55, "trend": 112.629333, "fair_value": 104.069551, "relative_strength": 1.654585, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 67.509811, "energy": 88.439622, "activity_lines": [ 115.181334, 113.898909, 112.665524, 112.490581 ] }, { "date": "2023-12-22", "close": 115.419998, "volume": 81, "typical_volume": 1133.6, "trend": 112.634, "fair_value": 104.167115, "relative_strength": 1.170446, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 68.545434, "energy": 88.791779, "activity_lines": [ 115.448, 114.368727, 112.975905, 112.670624 ] }, { "date": "2023-12-29", "close": 115.419998, "volume": 0, "typical_volume": 1133.6, "trend": 112.606666, "fair_value": 104.264679, "relative_strength": 1.282661, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.248226, "energy": 88.364419, "activity_lines": [ 115.569332, 114.749454, 113.27219, 112.850365 ] }, { "date": "2024-01-05", "close": 114.980003, "volume": 1920, "typical_volume": 1229.6, "trend": 112.638666, "fair_value": 104.36891, "relative_strength": 0.420353, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.71551, "energy": 86.988302, "activity_lines": [ 115.413333, 114.955636, 113.508, 113.003484 ] }, { "date": "2024-01-12", "close": 113.919998, "volume": 226, "typical_volume": 1219.05, "trend": 112.668, "fair_value": 104.466474, "relative_strength": -0.915032, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.392183, "energy": 56.759898, "activity_lines": [ 114.862666, 114.890909, 113.631238, 113.08615 ] }, { "date": "2024-01-19", "close": 114.720001, "volume": 0, "typical_volume": 1095.8, "trend": 112.714, "fair_value": 104.566474, "relative_strength": 0.371931, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.350209, "energy": 47.572868, "activity_lines": [ 114.698667, 114.918182, 113.823048, 113.218538 ] }, { "date": "2024-01-26", "close": 115.099998, "volume": 0, "typical_volume": 1042.55, "trend": 112.781333, "fair_value": 104.678525, "relative_strength": -1.467191, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.917808, "energy": 42.660643, "activity_lines": [ 114.767999, 114.980727, 114.037524, 113.372473 ] }, { "date": "2024-02-02", "close": 115.32, "volume": 0, "typical_volume": 855.05, "trend": 112.855333, "fair_value": 104.805961, "relative_strength": 0.01011, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.580063, "energy": 45.683831, "activity_lines": [ 114.932, 115.049454, 114.257238, 113.536258 ] }, { "date": "2024-02-09", "close": 115.419998, "volume": 820, "typical_volume": 890.7, "trend": 112.938, "fair_value": 104.927179, "relative_strength": 1.402551, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.819412, "energy": 63.741738, "activity_lines": [ 115.135999, 115.102545, 114.465619, 113.70172 ] }, { "date": "2024-02-16", "close": 115.760002, "volume": 86, "typical_volume": 769.1, "trend": 113.049333, "fair_value": 105.054166, "relative_strength": -0.271573, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.601035, "energy": 72.164367, "activity_lines": [ 115.424, 115.198182, 114.68419, 113.883785 ] }, { "date": "2024-02-23", "close": 115.860001, "volume": 100, "typical_volume": 683.45, "trend": 113.171333, "fair_value": 105.180256, "relative_strength": -1.76149, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.845642, "energy": 77.723085, "activity_lines": [ 115.622667, 115.311273, 114.884571, 114.065118 ] }, { "date": "2024-03-01", "close": 115.32, "volume": 150, "typical_volume": 690.95, "trend": 113.266667, "fair_value": 105.299679, "relative_strength": -2.164579, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.440801, "energy": 67.598157, "activity_lines": [ 115.565334, 115.334546, 115.008952, 114.203742 ] }, { "date": "2024-03-08", "close": 116.419998, "volume": 6298, "typical_volume": 1005.85, "trend": 113.43, "fair_value": 105.423205, "relative_strength": -2.401554, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.957748, "energy": 68.256941, "activity_lines": [ 115.86, 115.559636, 115.215238, 114.407183 ] }, { "date": "2024-03-15", "close": 117.279999, "volume": 20, "typical_volume": 893.45, "trend": 113.588, "fair_value": 105.55, "relative_strength": -1.76737, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.312478, "energy": 77.591856, "activity_lines": [ 116.367999, 115.922909, 115.473904, 114.65557 ] }, { "date": "2024-03-22", "close": 117.540001, "volume": 800, "typical_volume": 932.05, "trend": 113.762, "fair_value": 105.676795, "relative_strength": -1.195901, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.604414, "energy": 91.03714, "activity_lines": [ 116.838666, 116.291636, 115.725905, 114.910537 ] }, { "date": "2024-03-29", "close": 118.32, "volume": 91, "typical_volume": 936.35, "trend": 113.976667, "fair_value": 105.800256, "relative_strength": -1.13428, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.780417, "energy": 95.622175, "activity_lines": [ 117.450666, 116.736363, 116.020952, 115.204602 ] }, { "date": "2024-04-05", "close": 116.860001, "volume": 1895, "typical_volume": 951.1, "trend": 114.145333, "fair_value": 105.913397, "relative_strength": -0.350126, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.247328, "energy": 79.157258, "activity_lines": [ 117.412, 116.850182, 116.150952, 115.390624 ] }, { "date": "2024-04-12", "close": 116.779999, "volume": 0, "typical_volume": 951.1, "trend": 114.34, "fair_value": 106.028397, "relative_strength": 0.557097, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.765868, "energy": 65.615505, "activity_lines": [ 117.244, 116.917454, 116.256095, 115.560602 ] }, { "date": "2024-04-19", "close": 117.300003, "volume": 495, "typical_volume": 975.85, "trend": 114.558, "fair_value": 106.150064, "relative_strength": 1.676299, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.001056, "energy": 61.881673, "activity_lines": [ 117.225334, 117.052728, 116.394953, 115.75157 ] }, { "date": "2024-04-26", "close": 117.519997, "volume": 848, "typical_volume": 911.8, "trend": 114.810666, "fair_value": 106.280384, "relative_strength": 1.389925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.996995, "energy": 54.15999, "activity_lines": [ 117.278666, 117.193818, 116.540762, 115.942667 ] }, { "date": "2024-05-03", "close": 118.559998, "volume": 123, "typical_volume": 697.65, "trend": 115.072666, "fair_value": 106.410128, "relative_strength": 2.858059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.356237, "energy": 63.656937, "activity_lines": [ 117.679999, 117.492, 116.777047, 116.184559 ] }, { "date": "2024-05-10", "close": 117.120003, "volume": 0, "typical_volume": 693.6, "trend": 115.292667, "fair_value": 106.532948, "relative_strength": -2.535452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.033681, "energy": 49.690471, "activity_lines": [ 117.585334, 117.479273, 116.865524, 116.316645 ] }, { "date": "2024-05-17", "close": 115.959999, "volume": 0, "typical_volume": 693.6, "trend": 115.484, "fair_value": 106.6475, "relative_strength": -5.727963, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.810369, "energy": 28.362558, "activity_lines": [ 117.086667, 117.222909, 116.835428, 116.359699 ] }, { "date": "2024-05-24", "close": 115.019997, "volume": 0, "typical_volume": 597.6, "trend": 115.628666, "fair_value": 106.753397, "relative_strength": -5.580602, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 2.453761, "energy": 11.10054, "activity_lines": [ 116.329332, 116.803999, 116.713238, 116.329763 ] }, { "date": "2024-05-31", "close": 117.559998, "volume": 139, "typical_volume": 593.25, "trend": 115.848, "fair_value": 106.872243, "relative_strength": -3.986226, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.946324, "energy": 26.056546, "activity_lines": [ 116.570665, 116.887999, 116.832761, 116.454365 ] }, { "date": "2024-06-07", "close": 116.459999, "volume": 0, "typical_volume": 593.25, "trend": 115.968, "fair_value": 106.975577, "relative_strength": -6.744894, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.512761, "energy": 18.844984, "activity_lines": [ 116.442665, 116.771635, 116.83019, 116.493849 ] }, { "date": "2024-06-14", "close": 115.779999, "volume": 87, "typical_volume": 597.6, "trend": 116.052666, "fair_value": 107.074551, "relative_strength": -5.615535, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.430136, "energy": 15.872117, "activity_lines": [ 116.227999, 116.565453, 116.754571, 116.48172 ] }, { "date": "2024-06-21", "close": 115.760002, "volume": 0, "typical_volume": 597.6, "trend": 116.129333, "fair_value": 107.17609, "relative_strength": -5.299657, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.615528, "energy": 19.944313, "activity_lines": [ 116.096, 116.375272, 116.673809, 116.462838 ] }, { "date": "2024-06-28", "close": 116.040001, "volume": 219, "typical_volume": 567.55, "trend": 116.185333, "fair_value": 107.284679, "relative_strength": -4.857038, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.778783, "energy": 26.909166, "activity_lines": [ 116.070667, 116.254545, 116.617619, 116.457075 ] }, { "date": "2024-07-05", "close": 114.019997, "volume": 116, "typical_volume": 569.05, "trend": 116.128666, "fair_value": 107.381538, "relative_strength": -6.449313, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -44.33353, "energy": 57.52618, "activity_lines": [ 115.303999, 115.789454, 116.366095, 116.317376 ] }, { "date": "2024-07-12", "close": 117.120003, "volume": 0, "typical_volume": 564.05, "trend": 116.155333, "fair_value": 107.490897, "relative_strength": -6.573287, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.324812, "energy": 13.101266, "activity_lines": [ 115.806667, 115.951636, 116.418095, 116.381333 ] }, { "date": "2024-07-19", "close": 118.879997, "volume": 0, "typical_volume": 556.55, "trend": 116.270666, "fair_value": 107.616923, "relative_strength": -3.627185, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.235904, "energy": 25.564898, "activity_lines": [ 116.851999, 116.459999, 116.631714, 116.557118 ] }, { "date": "2024-07-26", "close": 119.019997, "volume": 298, "typical_volume": 256.55, "trend": 116.390666, "fair_value": 107.741923, "relative_strength": -4.015266, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.171685, "energy": 50.761738, "activity_lines": [ 117.737332, 116.961817, 116.841714, 116.734494 ] }, { "date": "2024-08-02", "close": 120.260002, "volume": 33, "typical_volume": 257.2, "trend": 116.566666, "fair_value": 107.867307, "relative_strength": -0.025274, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.752194, "energy": 74.169839, "activity_lines": [ 118.818666, 117.633454, 117.157428, 116.984129 ] }, { "date": "2024-08-09", "close": 118.959999, "volume": 625, "typical_volume": 248.45, "trend": 116.734666, "fair_value": 107.981795, "relative_strength": -1.018899, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.646505, "energy": 76.713392, "activity_lines": [ 119.185333, 117.973454, 117.335142, 117.138537 ] }, { "date": "2024-08-16", "close": 118.860001, "volume": 40, "typical_volume": 245.9, "trend": 116.872666, "fair_value": 108.09359, "relative_strength": -3.605749, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.411702, "energy": 75.246848, "activity_lines": [ 119.189333, 118.269818, 117.496571, 117.275656 ] }, { "date": "2024-08-23", "close": 119.620003, "volume": 110, "typical_volume": 156.65, "trend": 117.023333, "fair_value": 108.216667, "relative_strength": -4.133844, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.160653, "energy": 73.714309, "activity_lines": [ 119.330668, 118.660728, 117.727809, 117.452903 ] }, { "date": "2024-08-30", "close": 118.860001, "volume": 134, "typical_volume": 163.35, "trend": 117.141333, "fair_value": 108.337308, "relative_strength": -5.327492, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.513069, "energy": 47.439036, "activity_lines": [ 119.169335, 118.843637, 117.873524, 117.571398 ] }, { "date": "2024-09-06", "close": 120.040001, "volume": 1306, "typical_volume": 203.9, "trend": 117.295333, "fair_value": 108.466474, "relative_strength": -0.120533, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.778266, "energy": 50.972098, "activity_lines": [ 119.412001, 119.184728, 118.121714, 117.758409 ] }, { "date": "2024-09-13", "close": 119.620003, "volume": 0, "typical_volume": 161.5, "trend": 117.424, "fair_value": 108.603974, "relative_strength": -1.542603, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.221378, "energy": 47.693701, "activity_lines": [ 119.529335, 119.376728, 118.316858, 117.908387 ] }, { "date": "2024-09-20", "close": 119.040001, "volume": 158, "typical_volume": 163.25, "trend": 117.53, "fair_value": 108.733654, "relative_strength": -1.157413, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.700507, "energy": 40.280646, "activity_lines": [ 119.409335, 119.361456, 118.446762, 118.012645 ] }, { "date": "2024-09-27", "close": 118.120003, "volume": 2148, "typical_volume": 270.65, "trend": 117.623333, "fair_value": 108.866154, "relative_strength": -4.258193, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.756915, "energy": 28.191112, "activity_lines": [ 118.970669, 119.144002, 118.486763, 118.05071 ] }, { "date": "2024-10-04", "close": 116.480003, "volume": 100, "typical_volume": 275.65, "trend": 117.625334, "fair_value": 108.988974, "relative_strength": -3.629821, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 5.136672, "energy": 14.325901, "activity_lines": [ 118.085336, 118.642184, 118.365811, 117.976947 ] }, { "date": "2024-10-11", "close": 118.279999, "volume": 0, "typical_volume": 275.65, "trend": 117.658667, "fair_value": 109.121154, "relative_strength": -3.330279, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.549631, "energy": 24.607832, "activity_lines": [ 117.958668, 118.51382, 118.41381, 118.019183 ] }, { "date": "2024-10-18", "close": 118.480003, "volume": 2791, "typical_volume": 408.25, "trend": 117.69, "fair_value": 109.25282, "relative_strength": -4.332539, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.884027, "energy": 20.958482, "activity_lines": [ 118.016002, 118.45782, 118.465335, 118.072173 ] }, { "date": "2024-10-25", "close": 118.599998, "volume": 0, "typical_volume": 408.25, "trend": 117.699334, "fair_value": 109.387372, "relative_strength": -2.930216, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 16.400324, "energy": 17.909577, "activity_lines": [ 118.189334, 118.432365, 118.523906, 118.130882 ] }, { "date": "2024-11-01", "close": 119.379997, "volume": 132, "typical_volume": 410.5, "trend": 117.783333, "fair_value": 109.523333, "relative_strength": -0.423501, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.755388, "energy": 28.216011, "activity_lines": [ 118.651999, 118.553455, 118.646572, 118.239312 ] }, { "date": "2024-11-08", "close": 118.839996, "volume": 0, "typical_volume": 410.5, "trend": 117.852, "fair_value": 109.64359, "relative_strength": 0.66971, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.616679, "energy": 32.743931, "activity_lines": [ 118.850664, 118.580727, 118.700667, 118.307484 ] }, { "date": "2024-11-15", "close": 118.839996, "volume": 3125, "typical_volume": 555.8, "trend": 117.903333, "fair_value": 109.755513, "relative_strength": 2.211406, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 40.16102, "energy": 36.884119, "activity_lines": [ 118.891997, 118.608362, 118.740095, 118.371226 ] }, { "date": "2024-11-22", "close": 117.540001, "volume": 195, "typical_volume": 559.75, "trend": 117.904, "fair_value": 109.857179, "relative_strength": 0.398031, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 13.718832, "energy": 11.840256, "activity_lines": [ 118.462665, 118.421453, 118.642381, 118.347785 ] }, { "date": "2024-11-29", "close": 117.860001, "volume": 488, "typical_volume": 584.15, "trend": 117.880667, "fair_value": 109.943333, "relative_strength": 0.356922, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.224494, "energy": 9.283772, "activity_lines": [ 118.202666, 118.330545, 118.558381, 118.344946 ] }, { "date": "2024-12-06", "close": 119.400002, "volume": 0, "typical_volume": 584.15, "trend": 117.956667, "fair_value": 110.030641, "relative_strength": 1.588201, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.642811, "energy": 15.201942, "activity_lines": [ 118.505334, 118.54109, 118.617524, 118.442968 ] }, { "date": "2024-12-13", "close": 117.739998, "volume": 2068, "typical_volume": 672.65, "trend": 118.016, "fair_value": 110.109743, "relative_strength": 0.977705, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.329042, "energy": 8.211149, "activity_lines": [ 118.253333, 118.426545, 118.516095, 118.428989 ] }, { "date": "2024-12-20", "close": 116.900002, "volume": 74, "typical_volume": 674.7, "trend": 118.078667, "fair_value": 110.188718, "relative_strength": 2.998925, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -37.535561, "energy": 31.076337, "activity_lines": [ 117.794667, 118.136363, 118.340762, 118.356989 ] }, { "date": "2024-12-27", "close": 116.739998, "volume": 9, "typical_volume": 643.9, "trend": 118.051333, "fair_value": 110.270513, "relative_strength": 1.100208, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.296375, "energy": 46.751958, "activity_lines": [ 117.412, 117.842181, 118.16619, 118.270624 ] }, { "date": "2025-01-03", "close": 116.0, "volume": 8404, "typical_volume": 1062.1, "trend": 118.036, "fair_value": 110.346795, "relative_strength": 0.2176, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.338883, "energy": 67.641688, "activity_lines": [ 116.836, 117.445091, 117.931714, 118.13828 ] }, { "date": "2025-01-10", "close": 114.300003, "volume": 2275, "typical_volume": 1170.35, "trend": 117.986667, "fair_value": 110.416795, "relative_strength": -2.571565, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.122795, "energy": 91.821359, "activity_lines": [ 115.817334, 116.786182, 117.548952, 117.897248 ] }, { "date": "2025-01-17", "close": 112.279999, "volume": 17667, "typical_volume": 2047.0, "trend": 117.870667, "fair_value": 110.474743, "relative_strength": -5.708292, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.427504, "energy": 97.843971, "activity_lines": [ 114.465334, 115.852364, 116.999143, 117.529075 ] }, { "date": "2025-01-24", "close": 114.900002, "volume": 865, "typical_volume": 2024.95, "trend": 117.832667, "fair_value": 110.572179, "relative_strength": -5.702763, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.006112, "energy": 84.038835, "activity_lines": [ 114.350668, 115.514182, 116.730191, 117.33742 ] }, { "date": "2025-01-31", "close": 115.400002, "volume": 60, "typical_volume": 2027.95, "trend": 117.878667, "fair_value": 110.676282, "relative_strength": -7.424291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.033312, "energy": 78.004503, "activity_lines": [ 114.536001, 115.338546, 116.533334, 117.180473 ] }, { "date": "2025-02-07", "close": 114.599998, "volume": 259, "typical_volume": 2033.0, "trend": 117.794667, "fair_value": 110.764102, "relative_strength": -7.804686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.190441, "energy": 55.458185, "activity_lines": [ 114.544, 115.056364, 116.280381, 116.968946 ] }, { "date": "2025-02-14", "close": 114.019997, "volume": 1151, "typical_volume": 1983.15, "trend": 117.632667, "fair_value": 110.851154, "relative_strength": -9.79447, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.507658, "energy": 48.876801, "activity_lines": [ 114.451999, 114.728, 115.993333, 116.725419 ] }, { "date": "2025-02-21", "close": 113.0, "volume": 640, "typical_volume": 2010.15, "trend": 117.432, "fair_value": 110.936346, "relative_strength": -11.117567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.084821, "energy": 55.16118, "activity_lines": [ 114.038666, 114.312, 115.628666, 116.426538 ] }, { "date": "2025-02-28", "close": 114.540001, "volume": 81, "typical_volume": 2014.2, "trend": 117.241334, "fair_value": 111.083013, "relative_strength": -10.07756, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.484028, "energy": 48.359812, "activity_lines": [ 114.090666, 114.262182, 115.427238, 116.239957 ] }, { "date": "2025-03-07", "close": 114.260002, "volume": 3892, "typical_volume": 2069.25, "trend": 117.084667, "fair_value": 111.227115, "relative_strength": -10.571787, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.016285, "energy": 47.252614, "activity_lines": [ 114.073334, 114.204364, 115.216953, 116.047613 ] }, { "date": "2025-03-14", "close": 115.540001, "volume": 0, "typical_volume": 2069.25, "trend": 116.974, "fair_value": 111.394167, "relative_strength": -8.252176, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.867909, "energy": 35.00341, "activity_lines": [ 114.558668, 114.424364, 115.148667, 115.947957 ] }, { "date": "2025-03-21", "close": 115.620003, "volume": 9, "typical_volume": 2063.1, "trend": 116.840667, "fair_value": 111.537372, "relative_strength": -9.078945, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.869935, "energy": 22.247751, "activity_lines": [ 115.008002, 114.667274, 115.102572, 115.860602 ] }, { "date": "2025-03-28", "close": 116.080002, "volume": 100, "typical_volume": 2068.1, "trend": 116.748, "fair_value": 111.650577, "relative_strength": -6.854076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -21.571809, "energy": 20.680702, "activity_lines": [ 115.504002, 114.969819, 115.118191, 115.811527 ] }, { "date": "2025-04-04", "close": 115.860001, "volume": 746, "typical_volume": 1949.15, "trend": 116.608667, "fair_value": 111.744551, "relative_strength": 2.524123, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.708315, "energy": 18.675691, "activity_lines": [ 115.721335, 115.163274, 115.126001, 115.754237 ] }, { "date": "2025-04-11", "close": 115.860001, "volume": 0, "typical_volume": 1939.4, "trend": 116.483334, "fair_value": 111.846474, "relative_strength": 6.245183, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.738305, "energy": 18.764064, "activity_lines": [ 115.850668, 115.339274, 115.148001, 115.705936 ] }, { "date": "2025-04-18", "close": 116.519997, "volume": 4984, "typical_volume": 2164.2, "trend": 116.399334, "fair_value": 111.961282, "relative_strength": 3.071546, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.602769, "energy": 23.920564, "activity_lines": [ 116.093333, 115.62691, 115.240858, 115.708301 ] }, { "date": "2025-04-25", "close": 116.519997, "volume": 0, "typical_volume": 2164.2, "trend": 116.346, "fair_value": 112.085128, "relative_strength": 0.765848, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 15.036759, "energy": 50.401034, "activity_lines": [ 116.270665, 115.879636, 115.340095, 115.716086 ] }, { "date": "2025-05-02", "close": 117.279999, "volume": 573, "typical_volume": 2089.45, "trend": 116.372667, "fair_value": 112.21359, "relative_strength": -0.971028, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.57157, "energy": 68.515004, "activity_lines": [ 116.641332, 116.225091, 115.525429, 115.776344 ] }, { "date": "2025-05-09", "close": 116.940002, "volume": 448, "typical_volume": 2108.15, "trend": 116.328, "fair_value": 112.332051, "relative_strength": 0.159564, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.480328, "energy": 60.046733, "activity_lines": [ 116.818666, 116.430909, 115.680572, 115.812946 ] }, { "date": "2025-05-16", "close": 118.0, "volume": 61, "typical_volume": 2110.75, "trend": 116.312, "fair_value": 112.467115, "relative_strength": -0.949502, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 57.088591, "energy": 72.081458, "activity_lines": [ 117.277333, 116.785818, 115.936476, 115.920817 ] }, { "date": "2025-05-23", "close": 118.459999, "volume": 9451, "typical_volume": 2163.1, "trend": 116.307333, "fair_value": 112.604936, "relative_strength": 0.53426, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.371949, "energy": 77.178425, "activity_lines": [ 117.746666, 117.156363, 116.230191, 116.059398 ] }, { "date": "2025-05-30", "close": 119.260002, "volume": 1473, "typical_volume": 2123.0, "trend": 116.303333, "fair_value": 112.748974, "relative_strength": 0.986686, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.493166, "energy": 85.253458, "activity_lines": [ 118.353334, 117.619273, 116.588381, 116.249893 ] }, { "date": "2025-06-06", "close": 118.480003, "volume": 0, "typical_volume": 1239.65, "trend": 116.291334, "fair_value": 112.873846, "relative_strength": -0.81758, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.746124, "energy": 87.021189, "activity_lines": [ 118.517335, 117.874182, 116.848667, 116.390323 ] }, { "date": "2025-06-13", "close": 117.300003, "volume": 0, "typical_volume": 1196.4, "trend": 116.240001, "fair_value": 112.988013, "relative_strength": -0.034508, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.208629, "energy": 79.390181, "activity_lines": [ 118.208002, 117.87091, 116.967048, 116.455398 ] }, { "date": "2025-06-20", "close": 115.160004, "volume": 10710, "typical_volume": 1728.9, "trend": 116.160667, "fair_value": 113.092115, "relative_strength": 0.399852, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 19.63657, "energy": 20.107436, "activity_lines": [ 117.161336, 117.452365, 116.870192, 116.385721 ] }, { "date": "2025-06-27", "close": 118.360001, "volume": 1298, "typical_volume": 1780.85, "trend": 116.177334, "fair_value": 113.218269, "relative_strength": 2.208745, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.777474, "energy": 25.833119, "activity_lines": [ 117.370669, 117.628365, 117.079239, 116.527614 ] }, { "date": "2025-07-04", "close": 117.919998, "volume": 0, "typical_volume": 1723.3, "trend": 116.128001, "fair_value": 113.347756, "relative_strength": 1.825157, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.894092, "energy": 24.67184, "activity_lines": [ 117.440001, 117.69091, 117.228477, 116.640044 ] }, { "date": "2025-07-11", "close": 118.120003, "volume": 20, "typical_volume": 1692.3, "trend": 116.140667, "fair_value": 113.471539, "relative_strength": 2.21084, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.792804, "energy": 22.235521, "activity_lines": [ 117.665335, 117.764365, 117.378192, 116.76856 ] }, { "date": "2025-07-18", "close": 117.300003, "volume": 0, "typical_volume": 1688.25, "trend": 116.154001, "fair_value": 113.599295, "relative_strength": 1.111254, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.453208, "energy": 28.61265, "activity_lines": [ 117.641335, 117.673456, 117.42543, 116.843356 ] }, { "date": "2025-07-25", "close": 118.900002, "volume": 769, "typical_volume": 1532.1, "trend": 116.226001, "fair_value": 113.735769, "relative_strength": 2.678082, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.908939, "energy": 38.961735, "activity_lines": [ 118.150669, 117.866911, 117.611906, 117.020517 ] }, { "date": "2025-08-01", "close": 118.239998, "volume": 1202, "typical_volume": 1592.2, "trend": 116.300667, "fair_value": 113.860449, "relative_strength": 3.169062, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.886471, "energy": 34.781623, "activity_lines": [ 118.190667, 117.924001, 117.71343, 117.150453 ] }, { "date": "2025-08-08", "close": 119.400002, "volume": 85, "typical_volume": 1596.0, "trend": 116.470667, "fair_value": 113.994615, "relative_strength": 3.902886, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.100751, "energy": 52.777338, "activity_lines": [ 118.625334, 118.196001, 117.912573, 117.35041 ] }, { "date": "2025-08-15", "close": 120.239998, "volume": 78, "typical_volume": 1594.9, "trend": 116.736001, "fair_value": 114.13468, "relative_strength": 2.793679, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.752682, "energy": 72.872906, "activity_lines": [ 119.241333, 118.618182, 118.173715, 117.593592 ] }, { "date": "2025-08-22", "close": 120.82, "volume": 2410, "typical_volume": 1678.1, "trend": 116.933334, "fair_value": 114.280256, "relative_strength": 1.652138, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.669621, "energy": 78.549453, "activity_lines": [ 119.909333, 119.113819, 118.470287, 117.857076 ] }, { "date": "2025-08-29", "close": 120.360001, "volume": 1969, "typical_volume": 1776.55, "trend": 117.098667, "fair_value": 114.414615, "relative_strength": 1.842803, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.063942, "energy": 77.075015, "activity_lines": [ 120.189333, 119.461819, 118.699429, 118.078151 ] }, { "date": "2025-09-05", "close": 119.699997, "volume": 2306, "typical_volume": 1642.65, "trend": 117.268667, "fair_value": 114.537308, "relative_strength": -0.13384, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.959561, "energy": 69.603905, "activity_lines": [ 120.151999, 119.595273, 118.844286, 118.245979 ] }, { "date": "2025-09-12", "close": 120.32, "volume": 27, "typical_volume": 1644.0, "trend": 117.478667, "fair_value": 114.66, "relative_strength": 1.85235, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.799997, "energy": 57.866448, "activity_lines": [ 120.223999, 119.817091, 119.033048, 118.442839 ] }, { "date": "2025-09-19", "close": 120.360001, "volume": 513, "typical_volume": 1641.0, "trend": 117.724001, "fair_value": 114.778974, "relative_strength": 2.601817, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.316432, "energy": 51.948952, "activity_lines": [ 120.248, 120.002545, 119.207524, 118.628732 ] }, { "date": "2025-09-26", "close": 120.120003, "volume": 4, "typical_volume": 1618.8, "trend": 117.910001, "fair_value": 114.899615, "relative_strength": 3.855779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.48527, "energy": 55.358438, "activity_lines": [ 120.184001, 120.103637, 119.344477, 118.783313 ] }, { "date": "2025-10-03", "close": 120.699997, "volume": 5545, "typical_volume": 1893.0, "trend": 118.124667, "fair_value": 115.031795, "relative_strength": -0.448652, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.924669, "energy": 62.318836, "activity_lines": [ 120.36, 120.258909, 119.521524, 118.963312 ] }, { "date": "2025-10-10", "close": 121.160004, "volume": 41, "typical_volume": 1422.5, "trend": 118.312001, "fair_value": 115.162051, "relative_strength": 0.141841, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.494786, "energy": 72.496509, "activity_lines": [ 120.666668, 120.465091, 119.729524, 119.15914 ] }, { "date": "2025-10-17", "close": 121.800003, "volume": 651, "typical_volume": 1381.4, "trend": 118.518001, "fair_value": 115.280256, "relative_strength": -0.631716, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.422939, "energy": 80.173419, "activity_lines": [ 121.089335, 120.734547, 119.98562, 119.384173 ] }, { "date": "2025-10-24", "close": 119.196098, "volume": 58, "typical_volume": 1384.3, "trend": 118.621871, "fair_value": 115.382026, "relative_strength": -2.117058, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.151796, "energy": 42.575286, "activity_lines": [ 120.545367, 120.486928, 119.981629, 119.427921 ] }, { "date": "2025-10-31", "close": 119.379997, "volume": 459, "typical_volume": 1407.25, "trend": 118.739204, "fair_value": 115.491257, "relative_strength": 0.751287, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.784108, "energy": 26.398797, "activity_lines": [ 120.140293, 120.291725, 119.991743, 119.476832 ] }, { "date": "2025-11-07", "close": 118.220001, "volume": 59, "typical_volume": 874.7, "trend": 118.81787, "fair_value": 115.592155, "relative_strength": -0.654854, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -0.669773, "energy": 15.121089, "activity_lines": [ 119.397886, 119.911797, 119.881475, 119.443336 ] }, { "date": "2025-11-14", "close": 117.419998, "volume": 1006, "typical_volume": 860.1, "trend": 118.84787, "fair_value": 115.685744, "relative_strength": -3.77354, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -43.561612, "energy": 47.00739, "activity_lines": [ 118.554146, 119.425322, 119.680446, 119.35315 ] }, { "date": "2025-11-21", "close": 116.800003, "volume": 0, "typical_volume": 860.1, "trend": 118.857204, "fair_value": 115.77818, "relative_strength": -4.119197, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.894827, "energy": 73.009266, "activity_lines": [ 117.753073, 118.867575, 119.424846, 119.22103 ] }, { "date": "2025-11-28", "close": 117.0, "volume": 272, "typical_volume": 872.7, "trend": 118.847871, "fair_value": 115.844719, "relative_strength": -5.291024, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.042804, "energy": 72.225228, "activity_lines": [ 117.352, 118.410191, 119.193626, 119.10121 ] }, { "date": "2025-12-05", "close": 114.279999, "volume": 3050, "typical_volume": 1025.2, "trend": 118.759204, "fair_value": 115.881129, "relative_strength": -7.985434, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -67.842674, "energy": 86.954257, "activity_lines": [ 116.190667, 117.519353, 118.708692, 118.806509 ] }, { "date": "2025-12-12", "close": 118.059998, "volume": 1071, "typical_volume": 1040.3, "trend": 118.761204, "fair_value": 115.944462, "relative_strength": -4.4081, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.321282, "energy": 59.898406, "activity_lines": [ 116.629333, 117.421969, 118.598139, 118.761399 ] }, { "date": "2025-12-19", "close": 118.959999, "volume": 335, "typical_volume": 996.95, "trend": 118.777871, "fair_value": 116.007924, "relative_strength": -5.524422, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.791811, "energy": 41.756334, "activity_lines": [ 117.378666, 117.536221, 118.577301, 118.774224 ] }, { "date": "2025-12-26", "close": 118.360001, "volume": 19, "typical_volume": 993.65, "trend": 118.747871, "fair_value": 116.063565, "relative_strength": -6.290509, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.664298, "energy": 29.351639, "activity_lines": [ 117.825333, 117.581383, 118.495891, 118.747265 ] }, { "date": "2026-01-02", "close": 118.959999, "volume": 17, "typical_volume": 990.6, "trend": 118.76387, "fair_value": 116.107796, "relative_strength": -5.798258, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.742284, "energy": 25.482617, "activity_lines": [ 118.367999, 117.798181, 118.476576, 118.760951 ] }, { "date": "2026-01-09", "close": 119.82, "volume": 463, "typical_volume": 893.25, "trend": 118.84787, "fair_value": 116.161129, "relative_strength": -6.062967, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 11.762835, "energy": 24.154045, "activity_lines": [ 119.066666, 118.175636, 118.545261, 118.829088 ] }, { "date": "2026-01-16", "close": 119.5, "volume": 5308, "typical_volume": 1060.2, "trend": 118.992537, "fair_value": 116.216001, "relative_strength": -6.169893, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 8.77767, "energy": 22.263187, "activity_lines": [ 119.289333, 118.486909, 118.588232, 118.871161 ] }, { "date": "2026-01-23", "close": 115.760002, "volume": 989, "typical_volume": 994.35, "trend": 118.90587, "fair_value": 116.244847, "relative_strength": -7.161611, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -50.948675, "energy": 23.87222, "activity_lines": [ 118.169334, 118.094909, 118.279108, 118.66261 ] }, { "date": "2026-01-30", "close": 112.959999, "volume": 34, "typical_volume": 994.7, "trend": 118.740537, "fair_value": 116.235103, "relative_strength": -9.580508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.268349, "energy": 69.672793, "activity_lines": [ 116.329333, 117.224, 117.722079, 118.279006 ] }, { "date": "2026-02-06", "close": 113.480003, "volume": 5805, "typical_volume": 1259.3, "trend": 118.58587, "fair_value": 116.231642, "relative_strength": -10.69218, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.342536, "energy": 85.069299, "activity_lines": [ 115.022668, 116.517455, 117.249622, 117.939616 ] }, { "date": "2026-02-13", "close": 115.080002, "volume": 4796, "typical_volume": 1498.9, "trend": 118.51187, "fair_value": 116.232155, "relative_strength": -10.482286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.006269, "energy": 79.926578, "activity_lines": [ 114.614668, 116.165819, 116.962307, 117.713431 ] }, { "date": "2026-02-20", "close": 114.82, "volume": 35, "typical_volume": 1223.4, "trend": 118.37587, "fair_value": 116.230231, "relative_strength": -12.275211, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.112918, "energy": 79.511655, "activity_lines": [ 114.436001, 115.752364, 116.67423, 117.475246 ] }, { "date": "2026-02-27", "close": 114.879997, "volume": 189, "typical_volume": 1230.8, "trend": 118.26387, "fair_value": 116.234975, "relative_strength": -13.089217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.966902, "energy": 69.903385, "activity_lines": [ 114.589333, 115.408727, 116.419868, 117.249706 ] }, { "date": "2026-03-06", "close": 101.779999, "volume": 61482, "typical_volume": 4272.35, "trend": 117.676537, "fair_value": 116.148949, "relative_strength": -17.435147, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.304296, "energy": 92.705002, "activity_lines": [ 110.434666, 112.757454, 114.947791, 116.18623 ] }, { "date": "2026-03-13", "close": 97.800003, "volume": 12555, "typical_volume": 4897.2, "trend": 116.928537, "fair_value": 116.034462, "relative_strength": -18.860072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.79736, "energy": 97.482724, "activity_lines": [ 105.698667, 109.684, 113.192, 114.903873 ] }, { "date": "2026-03-20", "close": 98.150002, "volume": 569, "typical_volume": 4902.7, "trend": 116.17287, "fair_value": 115.921065, "relative_strength": -14.991721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.357625, "energy": 95.701609, "activity_lines": [ 102.124668, 107.05891, 111.571429, 113.692355 ] }, { "date": "2026-03-27", "close": 97.68, "volume": 8529, "typical_volume": 5326.2, "trend": 115.41687, "fair_value": 115.801962, "relative_strength": -16.859849, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.077414, "energy": 92.5754, "activity_lines": [ 99.522667, 104.742364, 110.007191, 112.499267 ] }, { "date": "2026-04-03", "close": 87.699997, "volume": 7728, "typical_volume": 5662.3, "trend": 114.350203, "fair_value": 115.628116, "relative_strength": -27.244006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.64281, "energy": 97.863847, "activity_lines": [ 94.736666, 101.008, 107.590286, 110.711081 ] }, { "date": "2026-04-10", "close": 95.010002, "volume": 544, "typical_volume": 5689.5, "trend": 113.506537, "fair_value": 115.506898, "relative_strength": -21.881475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.312935, "energy": 73.369785, "activity_lines": [ 94.199334, 99.112909, 106.011096, 109.463326 ] }, { "date": "2026-04-17", "close": 99.75, "volume": 160, "typical_volume": 5683.9, "trend": 112.819537, "fair_value": 115.411193, "relative_strength": -19.038649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.186519, "energy": 66.188297, "activity_lines": [ 95.693333, 98.406, 104.987096, 108.575808 ] }, { "date": "2026-04-24", "close": 96.730003, "volume": 10, "typical_volume": 5531.9, "trend": 112.03987, "fair_value": 115.289719, "relative_strength": -19.550907, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.171472, "energy": 64.222397, "activity_lines": [ 96.050668, 97.399637, 103.75762, 107.537773 ] }, { "date": "2026-05-01", "close": 90.889999, "volume": 32, "typical_volume": 5479.95, "trend": 111.046204, "fair_value": 115.122731, "relative_strength": -23.789888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.685666, "energy": 64.738376, "activity_lines": [ 94.556001, 95.665091, 102.055524, 106.173265 ] }, { "date": "2026-05-08", "close": 97.269997, "volume": 999, "typical_volume": 5513.15, "trend": 110.24987, "fair_value": 115.002796, "relative_strength": -17.826871, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.332447, "energy": 46.075931, "activity_lines": [ 95.640666, 95.525636, 101.090429, 105.284478 ] }, { "date": "2026-05-15", "close": 95.0, "volume": 165, "typical_volume": 5520.45, "trend": 109.356537, "fair_value": 114.875616, "relative_strength": -20.0653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.927385, "energy": 46.840997, "activity_lines": [ 95.330666, 95.293636, 100.012429, 104.300615 ] }, { "date": "2026-05-22", "close": 94.519997, "volume": 0, "typical_volume": 5519.6, "trend": 108.534, "fair_value": 114.742539, "relative_strength": -21.682025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.009951, "energy": 49.396563, "activity_lines": [ 94.861332, 95.097636, 98.999952, 103.343419 ] }, { "date": "2026-05-29", "close": 98.459999, "volume": 2, "typical_volume": 5496.55, "trend": 107.836667, "fair_value": 114.628565, "relative_strength": -18.218052, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.312575, "energy": 33.516073, "activity_lines": [ 96.053998, 95.677635, 98.479095, 102.693484 ] }, { "date": "2026-06-05", "close": 98.110001, "volume": 0, "typical_volume": 5231.15, "trend": 107.166333, "fair_value": 114.526578, "relative_strength": -17.165089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.266234, "energy": 32.664636, "activity_lines": [ 97.014666, 96.188363, 98.026619, 102.065957 ] }, { "date": "2026-06-12", "close": 102.860001, "volume": 60, "typical_volume": 5184.7, "trend": 106.681, "fair_value": 114.461321, "relative_strength": -14.781619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.45024, "energy": 20.866754, "activity_lines": [ 99.077333, 97.554909, 98.128381, 101.788129 ] }, { "date": "2026-06-19", "close": 102.860001, "volume": 0, "typical_volume": 5183.0, "trend": 106.216333, "fair_value": 114.394142, "relative_strength": -14.774312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -5.367786, "energy": 21.079556, "activity_lines": [ 100.767334, 98.645818, 98.291571, 101.541613 ] }, { "date": "2026-06-26", "close": 101.779999, "volume": 4, "typical_volume": 4892.95, "trend": 105.709, "fair_value": 114.321706, "relative_strength": -17.553244, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.262875, "energy": 22.735707, "activity_lines": [ 101.573334, 99.397636, 98.4, 101.255398 ] }, { "date": "2026-07-03", "close": 102.639999, "volume": 0, "typical_volume": 4653.15, "trend": 105.321, "fair_value": 114.254655, "relative_strength": -17.81044, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.6166, "energy": 29.970803, "activity_lines": [ 102.182, 100.268909, 98.646047, 101.057398 ] }, { "date": "2026-07-10", "close": 102.739998, "volume": 1753, "typical_volume": 4739.05, "trend": 104.810333, "fair_value": 114.18927, "relative_strength": -16.138438, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": 8.52042, "energy": 45.308167, "activity_lines": [ 102.545332, 101.050908, 98.960857, 100.890881 ] }, { "date": "2026-07-17", "close": 100.839996, "volume": 0, "typical_volume": 4729.6, "trend": 104.206333, "fair_value": 114.115039, "relative_strength": -17.805905, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 4.107415, "energy": 35.383398, "activity_lines": [ 101.966665, 101.271999, 99.152237, 100.634731 ] }, { "date": "2026-07-24", "close": 96.699997, "volume": 5, "typical_volume": 1655.75, "trend": 103.484333, "fair_value": 114.01568, "relative_strength": -20.518554, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.287449, "energy": 20.813038, "activity_lines": [ 100.142664, 100.675453, 99.016189, 100.150451 ] }, { "date": "2026-07-31", "close": 97.959999, "volume": 0, "typical_volume": 1028.0, "trend": 102.784333, "fair_value": 113.922731, "relative_strength": -19.009336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.454801, "energy": 31.712647, "activity_lines": [ 99.149331, 100.277089, 99.024332, 99.794042 ] }, { "date": "2026-08-07", "close": 100.120003, "volume": 0, "typical_volume": 999.55, "trend": 102.127667, "fair_value": 113.849655, "relative_strength": -17.758541, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.050581, "energy": 34.234781, "activity_lines": [ 99.130666, 100.208908, 99.237428, 99.62215 ] } ], "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." } } }