{ "ticker": { "uuid": "938a70cf-b3af-48e2-b685-a5c895031ade", "symbol": "QQQE", "name": "DIREXION NASDAQ-100(R) EQUAL WEIGHTED INDEX SHARES", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 61.682, "architecture_energy": 38.253, "architecture_maturity": 66.997, "architecture_confidence": 84.085, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 20.36, "rotation_up": 39.83, "upward_expansion": 62.66, "deceleration": 85.32, "rotation_down": 27.42, "downward_expansion": 21.66 }, "activity_lines": [ 118.568, 118.775544, 117.021147, 113.72896 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 121.96, "trend_reference": 109.881373, "distance_from_trend": 0.109924, "trend_direction": "Improving", "fair_value": 93.156098, "distance_from_fair_value": 0.3092, "fair_value_direction": "Improving", "relative_strength": 0.809337, "relative_strength_direction": "Improving", "price_momentum": 0.191232, "excess_performance": 0.003778, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.109924, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.053145, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.3092, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.037566, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.008093, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.067522, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.191232, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.411426, "read": "Demand-led" } ], "volume": { "latest": 993518, "relative_activity": 1.012473, "balance": 1.411426, "dry_up": 0.929626, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.033879, "annualized_volatility": 0.164798, "from_high_reference": -0.008972, "from_low_reference": 0.275199 }, "levels": { "trend_reference": 109.881373, "fair_value_reference": 93.156098, "structural_low": 95.64, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.034837, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.022657, "regime_survival": 0.444444, "best_return": 0.074634, "worst_return": -0.022896, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.030488, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": -0.047999, "regime_survival": 0.0, "best_return": 0.119919, "worst_return": 0.010058, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.092735, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.061574, "regime_survival": 0.25, "best_return": 0.140029, "worst_return": -0.060771, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.021965, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.081125, "regime_survival": 0.0, "best_return": 0.278102, "worst_return": -0.235159, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-11-24", "end": "2023-12-08", "tenure": "New", "return": 0.012737, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-04-19", "tenure": "Established", "return": -0.003912, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-06-21", "tenure": "Developing", "return": 0.044774, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-06-28", "end": "2024-08-02", "tenure": "Developing", "return": -0.049583, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-10-04", "tenure": "Developing", "return": 0.064833, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2025-03-07", "tenure": "Established", "return": -0.011669, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.009997, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-23", "tenure": "Developing", "return": 0.178871, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.064397, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2026-02-27", "tenure": "Extended", "return": 0.05935, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-20", "tenure": "New", "return": -0.030582, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-05-01", "tenure": "Developing", "return": 0.144285, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-07-24", "tenure": "Developing", "return": 0.013535, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.04177, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 73.582535, "volume": 1204822, "typical_volume": 1638476.75, "trend": 71.514761, "fair_value": 70.568355, "relative_strength": -6.444679, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.463808, "energy": 35.943846, "activity_lines": [ 75.669594, 75.977549, 74.59238, 73.204475 ] }, { "date": "2023-08-25", "close": 74.248617, "volume": 667570, "typical_volume": 1630135.85, "trend": 71.703492, "fair_value": 70.651119, "relative_strength": -7.028686, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.664946, "energy": 25.342618, "activity_lines": [ 74.926454, 75.699751, 74.700514, 73.380853 ] }, { "date": "2023-09-01", "close": 76.893357, "volume": 725871, "typical_volume": 1649365.4, "trend": 71.937434, "fair_value": 70.760167, "relative_strength": -7.07343, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.492349, "energy": 27.064368, "activity_lines": [ 75.314349, 75.919167, 75.037907, 73.715683 ] }, { "date": "2023-09-08", "close": 75.894233, "volume": 472476, "typical_volume": 1654773.1, "trend": 72.184597, "fair_value": 70.87636, "relative_strength": -6.925658, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.820516, "energy": 20.813306, "activity_lines": [ 75.496543, 75.888178, 75.24656, 73.97096 ] }, { "date": "2023-09-15", "close": 75.228151, "volume": 537246, "typical_volume": 1666654.9, "trend": 72.385807, "fair_value": 70.987094, "relative_strength": -7.168298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.165926, "energy": 23.93828, "activity_lines": [ 75.498502, 75.727178, 75.361913, 74.167318 ] }, { "date": "2023-09-22", "close": 73.058497, "volume": 751326, "typical_volume": 1680285.35, "trend": 72.590176, "fair_value": 71.079747, "relative_strength": -6.62169, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.733698, "energy": 10.102079, "activity_lines": [ 74.794875, 75.156024, 75.24237, 74.210718 ] }, { "date": "2023-09-29", "close": 73.398149, "volume": 1327099, "typical_volume": 1719472.5, "trend": 72.745352, "fair_value": 71.170233, "relative_strength": -6.151315, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.861041, "energy": 10.60901, "activity_lines": [ 74.239401, 74.724541, 75.136312, 74.262845 ] }, { "date": "2023-10-06", "close": 73.653379, "volume": 890447, "typical_volume": 1750200.65, "trend": 73.02063, "fair_value": 71.244146, "relative_strength": -7.316908, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.028682, "energy": 16.262105, "activity_lines": [ 73.825701, 74.42296, 75.033379, 74.321427 ] }, { "date": "2023-10-13", "close": 73.59448, "volume": 847576, "typical_volume": 1773875.4, "trend": 73.237071, "fair_value": 71.315182, "relative_strength": -7.383259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.537691, "energy": 17.863103, "activity_lines": [ 73.608367, 74.204308, 74.910681, 74.35845 ] }, { "date": "2023-10-20", "close": 71.385762, "volume": 935149, "typical_volume": 1779314.05, "trend": 73.351144, "fair_value": 71.375913, "relative_strength": -7.311836, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.59538, "energy": 42.904099, "activity_lines": [ 72.808111, 73.637282, 74.569062, 74.239011 ] }, { "date": "2023-10-27", "close": 69.157411, "volume": 2151252, "typical_volume": 1857746.4, "trend": 73.29254, "fair_value": 71.444154, "relative_strength": -7.592464, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.18395, "energy": 59.026181, "activity_lines": [ 71.52123, 72.739772, 74.021776, 73.968447 ] }, { "date": "2023-11-03", "close": 73.407966, "volume": 1774135, "typical_volume": 1821238.0, "trend": 73.422866, "fair_value": 71.505485, "relative_strength": -7.650508, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.697507, "energy": 42.579521, "activity_lines": [ 71.911273, 72.695547, 73.897406, 73.975894 ] }, { "date": "2023-11-10", "close": 73.908608, "volume": 1306895, "typical_volume": 1874055.9, "trend": 73.558477, "fair_value": 71.566336, "relative_strength": -9.367595, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.954265, "energy": 27.239202, "activity_lines": [ 72.467543, 72.757633, 73.829002, 74.007232 ] }, { "date": "2023-11-17", "close": 76.097693, "volume": 1506582, "typical_volume": 1805233.05, "trend": 73.774296, "fair_value": 71.641127, "relative_strength": -8.271769, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 9.72733, "energy": 6.877685, "activity_lines": [ 73.736492, 73.272002, 73.96529, 74.171053 ] }, { "date": "2023-11-24", "close": 77.069529, "volume": 306438, "typical_volume": 1773388.75, "trend": 74.033517, "fair_value": 71.709852, "relative_strength": -7.671551, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.961466, "energy": 28.237681, "activity_lines": [ 75.162506, 73.959369, 74.190832, 74.383648 ] }, { "date": "2023-12-01", "close": 78.267145, "volume": 939044, "typical_volume": 1342559.4, "trend": 74.339174, "fair_value": 71.773886, "relative_strength": -6.096481, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.485876, "energy": 53.216676, "activity_lines": [ 76.608807, 74.831005, 74.517561, 74.656786 ] }, { "date": "2023-12-08", "close": 78.051182, "volume": 736564, "typical_volume": 1036279.35, "trend": 74.642559, "fair_value": 71.842637, "relative_strength": -6.615812, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.459275, "energy": 67.365132, "activity_lines": [ 77.375805, 75.568672, 74.819325, 74.89627 ] }, { "date": "2023-12-15", "close": 82.017057, "volume": 2395414, "typical_volume": 1059346.8, "trend": 75.02043, "fair_value": 71.921689, "relative_strength": -4.79514, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.968571, "energy": 85.287275, "activity_lines": [ 79.155213, 76.942807, 75.498502, 75.372044 ] }, { "date": "2023-12-22", "close": 82.936683, "volume": 1214060, "typical_volume": 1072525.2, "trend": 75.391811, "fair_value": 72.009589, "relative_strength": -4.363561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.91145, "energy": 90.489104, "activity_lines": [ 80.700601, 78.332079, 76.24996, 75.88277 ] }, { "date": "2023-12-29", "close": 83.330494, "volume": 656850, "typical_volume": 1067340.8, "trend": 75.744063, "fair_value": 72.095606, "relative_strength": -3.948109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.27184, "energy": 92.392211, "activity_lines": [ 81.921325, 79.623096, 77.008374, 76.394943 ] }, { "date": "2024-01-05", "close": 80.908554, "volume": 721397, "typical_volume": 1043169.55, "trend": 76.009067, "fair_value": 72.155722, "relative_strength": -3.435728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.507765, "energy": 85.412231, "activity_lines": [ 81.917339, 80.256583, 77.498803, 76.728136 ] }, { "date": "2024-01-12", "close": 82.729932, "volume": 936093, "typical_volume": 1056595.7, "trend": 76.261799, "fair_value": 72.233, "relative_strength": -4.047921, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.814848, "energy": 83.445816, "activity_lines": [ 82.344385, 81.007572, 78.127811, 77.16174 ] }, { "date": "2024-01-19", "close": 84.147653, "volume": 743687, "typical_volume": 1057486.5, "trend": 76.629643, "fair_value": 72.310869, "relative_strength": -4.800109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.155657, "energy": 77.794281, "activity_lines": [ 82.932088, 81.846838, 78.851453, 77.670505 ] }, { "date": "2024-01-26", "close": 84.659608, "volume": 953572, "typical_volume": 1081541.3, "trend": 76.938147, "fair_value": 72.406389, "relative_strength": -4.523527, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.580309, "energy": 69.659917, "activity_lines": [ 83.548403, 82.593023, 79.589308, 78.188567 ] }, { "date": "2024-02-02", "close": 85.014038, "volume": 1104198, "typical_volume": 1109888.9, "trend": 77.293077, "fair_value": 72.482686, "relative_strength": -5.009784, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.802409, "energy": 84.964459, "activity_lines": [ 84.168, 83.247978, 80.319179, 78.709593 ] }, { "date": "2024-02-09", "close": 86.264389, "volume": 1223632, "typical_volume": 1133504.2, "trend": 77.590425, "fair_value": 72.553344, "relative_strength": -5.099871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.8259, "energy": 87.578713, "activity_lines": [ 85.092144, 83.985825, 81.121531, 79.288387 ] }, { "date": "2024-02-16", "close": 85.693363, "volume": 1040567, "typical_volume": 1119177.6, "trend": 77.847189, "fair_value": 72.625111, "relative_strength": -4.02253, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.219307, "energy": 83.416911, "activity_lines": [ 85.46889, 84.474443, 81.806615, 79.811157 ] }, { "date": "2024-02-23", "close": 86.343152, "volume": 765405, "typical_volume": 1112925.5, "trend": 78.098513, "fair_value": 72.724539, "relative_strength": -4.375063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.285695, "energy": 72.66689, "activity_lines": [ 85.864671, 84.942257, 82.495034, 80.359284 ] }, { "date": "2024-03-01", "close": 87.859326, "volume": 754267, "typical_volume": 1108260.05, "trend": 78.476452, "fair_value": 72.844774, "relative_strength": -4.323168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.810077, "energy": 70.17568, "activity_lines": [ 86.619476, 85.607082, 83.267424, 80.989014 ] }, { "date": "2024-03-08", "close": 87.081548, "volume": 1099847, "typical_volume": 1116494.95, "trend": 78.86275, "fair_value": 72.94941, "relative_strength": -3.477886, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.330156, "energy": 64.825424, "activity_lines": [ 86.901708, 86.040991, 83.897811, 81.544181 ] }, { "date": "2024-03-15", "close": 85.76228, "volume": 676246, "typical_volume": 1042744.65, "trend": 79.268741, "fair_value": 73.046841, "relative_strength": -3.609893, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.594183, "energy": 61.789004, "activity_lines": [ 86.606349, 86.166832, 84.327813, 81.989312 ] }, { "date": "2024-03-22", "close": 87.586581, "volume": 1175236, "typical_volume": 1012799.7, "trend": 79.71334, "fair_value": 73.151089, "relative_strength": -4.218625, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.736938, "energy": 61.525674, "activity_lines": [ 86.952565, 86.536114, 84.852486, 82.525947 ] }, { "date": "2024-03-29", "close": 88.010848, "volume": 295974, "typical_volume": 962253.65, "trend": 80.083923, "fair_value": 73.24779, "relative_strength": -3.020406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.324808, "energy": 58.81731, "activity_lines": [ 87.313988, 86.894233, 85.350049, 83.06127 ] }, { "date": "2024-04-05", "close": 86.323645, "volume": 816572, "typical_volume": 927753.15, "trend": 80.43157, "fair_value": 73.325078, "relative_strength": -3.898162, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.269367, "energy": 48.744176, "activity_lines": [ 87.001831, 86.875348, 85.619772, 83.463833 ] }, { "date": "2024-04-12", "close": 84.971909, "volume": 943926, "typical_volume": 959627.55, "trend": 80.756362, "fair_value": 73.387375, "relative_strength": -4.687178, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.661973, "energy": 37.903246, "activity_lines": [ 86.341474, 86.580437, 85.712063, 83.756758 ] }, { "date": "2024-04-19", "close": 81.696169, "volume": 1489882, "typical_volume": 987169.45, "trend": 81.044284, "fair_value": 73.429031, "relative_strength": -2.918082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 12.093678, "energy": 15.052341, "activity_lines": [ 84.729846, 85.690703, 85.454749, 83.817391 ] }, { "date": "2024-04-26", "close": 84.399641, "volume": 785320, "typical_volume": 989607.25, "trend": 81.411001, "fair_value": 73.494344, "relative_strength": -3.32298, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.180573, "energy": 20.503499, "activity_lines": [ 84.29045, 85.375569, 85.438579, 84.033865 ] }, { "date": "2024-05-03", "close": 84.527908, "volume": 1448978, "typical_volume": 942285.45, "trend": 81.773485, "fair_value": 73.564659, "relative_strength": -3.977764, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.903141, "energy": 19.988177, "activity_lines": [ 84.106272, 85.107277, 85.404395, 84.234956 ] }, { "date": "2024-05-10", "close": 85.50471, "volume": 712253, "typical_volume": 917195.1, "trend": 82.170493, "fair_value": 73.650129, "relative_strength": -4.13039, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.814382, "energy": 16.878138, "activity_lines": [ 84.47989, 85.049591, 85.451283, 84.47568 ] }, { "date": "2024-05-17", "close": 87.122846, "volume": 735789, "typical_volume": 921142.05, "trend": 82.695062, "fair_value": 73.741496, "relative_strength": -4.243865, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.997911, "energy": 24.072099, "activity_lines": [ 85.447483, 85.328922, 85.64005, 84.795187 ] }, { "date": "2024-05-24", "close": 87.339913, "volume": 735162, "typical_volume": 921830.3, "trend": 83.301146, "fair_value": 73.826374, "relative_strength": -5.151348, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 49.560654, "energy": 33.817899, "activity_lines": [ 86.344036, 85.646969, 85.831432, 85.094855 ] }, { "date": "2024-05-31", "close": 85.59351, "volume": 1006557, "typical_volume": 925353.5, "trend": 83.70733, "fair_value": 73.89743, "relative_strength": -5.404321, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 39.909937, "energy": 29.888328, "activity_lines": [ 86.282205, 85.618805, 85.825864, 85.242749 ] }, { "date": "2024-06-07", "close": 86.471645, "volume": 1291718, "typical_volume": 952755.05, "trend": 84.126098, "fair_value": 73.967012, "relative_strength": -6.780377, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.874801, "energy": 31.383925, "activity_lines": [ 86.433494, 85.786538, 85.890292, 85.421092 ] }, { "date": "2024-06-14", "close": 87.132713, "volume": 1095393, "typical_volume": 959846.1, "trend": 84.493932, "fair_value": 74.044293, "relative_strength": -9.041634, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.385022, "energy": 37.555618, "activity_lines": [ 86.675556, 86.102452, 86.006612, 85.615067 ] }, { "date": "2024-06-21", "close": 88.178582, "volume": 849610, "typical_volume": 947116.7, "trend": 84.864234, "fair_value": 74.115637, "relative_strength": -7.970567, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 64.137824, "energy": 38.515934, "activity_lines": [ 87.157709, 86.593813, 86.210762, 85.852786 ] }, { "date": "2024-06-28", "close": 87.733362, "volume": 660312, "typical_volume": 918950.7, "trend": 85.179775, "fair_value": 74.177193, "relative_strength": -8.179982, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.920601, "energy": 45.279488, "activity_lines": [ 87.421072, 86.945921, 86.357441, 86.037891 ] }, { "date": "2024-07-05", "close": 89.166913, "volume": 1175883, "typical_volume": 925716.5, "trend": 85.550299, "fair_value": 74.249971, "relative_strength": -9.671016, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.902731, "energy": 61.049337, "activity_lines": [ 88.136055, 87.448909, 86.633654, 86.295126 ] }, { "date": "2024-07-12", "close": 89.908405, "volume": 1539855, "typical_volume": 964439.0, "trend": 85.813344, "fair_value": 74.333658, "relative_strength": -8.463121, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.0774, "energy": 69.67817, "activity_lines": [ 88.859976, 88.000035, 86.963944, 86.576294 ] }, { "date": "2024-07-19", "close": 87.812454, "volume": 3496402, "typical_volume": 1101545.75, "trend": 85.97587, "fair_value": 74.390044, "relative_strength": -6.694101, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.899243, "energy": 56.791247, "activity_lines": [ 88.656129, 88.072252, 87.077642, 86.705269 ] }, { "date": "2024-07-26", "close": 86.339356, "volume": 1559267, "typical_volume": 1124516.75, "trend": 86.076165, "fair_value": 74.434776, "relative_strength": -5.640829, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.650872, "energy": 31.08702, "activity_lines": [ 87.915933, 87.834674, 87.051268, 86.72872 ] }, { "date": "2024-08-02", "close": 83.383274, "volume": 1707597, "typical_volume": 1176084.3, "trend": 86.158656, "fair_value": 74.457809, "relative_strength": -5.788675, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 2.794512, "energy": 9.696001, "activity_lines": [ 86.312992, 87.073872, 86.746897, 86.554985 ] }, { "date": "2024-08-09", "close": 83.887488, "volume": 1812800, "typical_volume": 1207962.5, "trend": 86.197241, "fair_value": 74.485628, "relative_strength": -5.371737, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.900592, "energy": 28.718091, "activity_lines": [ 85.168128, 86.476684, 86.501875, 86.408458 ] }, { "date": "2024-08-16", "close": 87.446651, "volume": 1849257, "typical_volume": 1285626.65, "trend": 86.307208, "fair_value": 74.538952, "relative_strength": -6.260599, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -3.648533, "energy": 18.24537, "activity_lines": [ 85.561613, 86.557635, 86.613436, 86.489065 ] }, { "date": "2024-08-23", "close": 88.5144, "volume": 1239178, "typical_volume": 1306756.95, "trend": 86.435701, "fair_value": 74.58651, "relative_strength": -5.905227, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.549807, "energy": 18.127269, "activity_lines": [ 86.475131, 86.814995, 86.829374, 86.631465 ] }, { "date": "2024-08-30", "close": 88.573719, "volume": 2235068, "typical_volume": 1371314.05, "trend": 86.554357, "fair_value": 74.630025, "relative_strength": -4.926809, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 51.202858, "energy": 24.447628, "activity_lines": [ 87.361627, 87.058019, 87.040528, 86.769401 ] }, { "date": "2024-09-06", "close": 84.213745, "volume": 1896215, "typical_volume": 1391630.7, "trend": 86.486002, "fair_value": 74.651748, "relative_strength": -3.885864, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.036637, "energy": 10.413015, "activity_lines": [ 86.645839, 86.501136, 86.819296, 86.618394 ] }, { "date": "2024-09-13", "close": 87.446651, "volume": 1054005, "typical_volume": 1405064.95, "trend": 86.544445, "fair_value": 74.697601, "relative_strength": -5.602838, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.069588, "energy": 18.632206, "activity_lines": [ 86.952323, 86.596047, 86.893971, 86.680371 ] }, { "date": "2024-09-20", "close": 88.464967, "volume": 965160, "typical_volume": 1380874.05, "trend": 86.615172, "fair_value": 74.751167, "relative_strength": -5.705538, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.057231, "energy": 22.937909, "activity_lines": [ 87.360967, 86.907384, 87.051119, 86.804276 ] }, { "date": "2024-09-27", "close": 89.504424, "volume": 859845, "typical_volume": 1388253.65, "trend": 86.670009, "fair_value": 74.82809, "relative_strength": -5.365417, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.928348, "energy": 32.364975, "activity_lines": [ 88.04821, 87.433957, 87.288516, 86.990679 ] }, { "date": "2024-10-04", "close": 89.326148, "volume": 1427814, "typical_volume": 1422854.9, "trend": 86.744829, "fair_value": 74.902074, "relative_strength": -5.476925, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.698554, "energy": 48.663779, "activity_lines": [ 88.610026, 87.897354, 87.489887, 87.162043 ] }, { "date": "2024-10-11", "close": 90.940535, "volume": 648506, "typical_volume": 1418522.1, "trend": 86.917437, "fair_value": 74.976536, "relative_strength": -4.771796, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.841705, "energy": 60.938263, "activity_lines": [ 89.659808, 88.59997, 87.834517, 87.432734 ] }, { "date": "2024-10-18", "close": 90.722642, "volume": 1253418, "typical_volume": 1430865.15, "trend": 87.021972, "fair_value": 75.03925, "relative_strength": -5.031904, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.029722, "energy": 63.912217, "activity_lines": [ 90.188507, 89.125564, 88.14125, 87.678231 ] }, { "date": "2024-10-25", "close": 89.831263, "volume": 1035946, "typical_volume": 1418076.55, "trend": 87.082653, "fair_value": 75.09278, "relative_strength": -5.936411, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.514585, "energy": 57.355288, "activity_lines": [ 90.201681, 89.364814, 88.338665, 87.859476 ] }, { "date": "2024-11-01", "close": 88.860649, "volume": 1125551, "typical_volume": 1419584.45, "trend": 87.16722, "fair_value": 75.126567, "relative_strength": -5.269937, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.297626, "energy": 45.614918, "activity_lines": [ 89.800229, 89.384232, 88.427643, 87.974185 ] }, { "date": "2024-11-08", "close": 93.079846, "volume": 1978587, "typical_volume": 1476033.3, "trend": 87.437484, "fair_value": 75.187459, "relative_strength": -5.779949, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.462822, "energy": 53.612011, "activity_lines": [ 90.848096, 90.164482, 88.91022, 88.355645 ] }, { "date": "2024-11-15", "close": 89.979826, "volume": 2045462, "typical_volume": 1545290.8, "trend": 87.713606, "fair_value": 75.2286, "relative_strength": -5.531921, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.648982, "energy": 34.733122, "activity_lines": [ 90.612375, 90.299162, 89.074218, 88.519667 ] }, { "date": "2024-11-22", "close": 93.109559, "volume": 1894067, "typical_volume": 1581200.0, "trend": 88.003937, "fair_value": 75.306375, "relative_strength": -3.88222, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.144955, "energy": 49.126776, "activity_lines": [ 91.483947, 90.898046, 89.525589, 88.867793 ] }, { "date": "2024-11-29", "close": 93.723621, "volume": 635029, "typical_volume": 1535958.7, "trend": 88.310461, "fair_value": 75.402386, "relative_strength": -3.822053, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.096766, "energy": 66.050932, "activity_lines": [ 92.401077, 91.505616, 90.016667, 89.236805 ] }, { "date": "2024-12-06", "close": 94.961648, "volume": 776888, "typical_volume": 1399983.0, "trend": 88.625692, "fair_value": 75.490735, "relative_strength": -5.45973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.337832, "energy": 74.132857, "activity_lines": [ 93.471393, 92.24267, 90.607485, 89.665914 ] }, { "date": "2024-12-13", "close": 93.723621, "volume": 1241215, "typical_volume": 1384080.4, "trend": 88.845718, "fair_value": 75.580058, "relative_strength": -7.151253, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.6719, "energy": 74.34783, "activity_lines": [ 93.7223, 92.655406, 91.046352, 89.994812 ] }, { "date": "2024-12-20", "close": 90.276953, "volume": 2204519, "typical_volume": 1408926.5, "trend": 88.943619, "fair_value": 75.632811, "relative_strength": -8.240601, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.224644, "energy": 45.507308, "activity_lines": [ 92.7814, 92.361521, 91.121801, 90.08715 ] }, { "date": "2024-12-27", "close": 90.643962, "volume": 892190, "typical_volume": 1362896.0, "trend": 89.111967, "fair_value": 75.685126, "relative_strength": -8.411414, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.224633, "energy": 27.701425, "activity_lines": [ 91.943027, 92.14643, 91.199377, 90.19685 ] }, { "date": "2025-01-03", "close": 90.604241, "volume": 1223318, "typical_volume": 1331599.05, "trend": 89.249721, "fair_value": 75.762289, "relative_strength": -7.46309, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.457355, "energy": 20.668662, "activity_lines": [ 91.255787, 91.925547, 91.240996, 90.293125 ] }, { "date": "2025-01-10", "close": 89.03525, "volume": 943382, "typical_volume": 1316809.25, "trend": 89.313138, "fair_value": 75.830447, "relative_strength": -6.760856, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 13.861418, "energy": 19.378705, "activity_lines": [ 90.253508, 91.405339, 91.118151, 90.279289 ] }, { "date": "2025-01-17", "close": 92.252674, "volume": 1136987, "typical_volume": 1261905.2, "trend": 89.448942, "fair_value": 75.950033, "relative_strength": -5.853379, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.935186, "energy": 20.287115, "activity_lines": [ 90.718798, 91.466943, 91.299247, 90.468936 ] }, { "date": "2025-01-24", "close": 93.35494, "volume": 940140, "typical_volume": 1214101.45, "trend": 89.636328, "fair_value": 76.083627, "relative_strength": -5.910005, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.034539, "energy": 18.898454, "activity_lines": [ 91.649573, 91.743999, 91.567802, 90.720936 ] }, { "date": "2025-01-31", "close": 93.523755, "volume": 1357826, "typical_volume": 1229292.5, "trend": 89.781556, "fair_value": 76.207456, "relative_strength": -4.215837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.593067, "energy": 29.308023, "activity_lines": [ 92.43142, 91.990382, 91.808906, 90.971738 ] }, { "date": "2025-02-07", "close": 94.169226, "volume": 1001990, "typical_volume": 1231134.0, "trend": 89.923583, "fair_value": 76.342923, "relative_strength": -3.487635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.221542, "energy": 50.464592, "activity_lines": [ 93.236438, 92.346593, 92.082544, 91.254813 ] }, { "date": "2025-02-14", "close": 96.135429, "volume": 1239995, "typical_volume": 1250141.5, "trend": 90.201015, "fair_value": 76.500476, "relative_strength": -4.047667, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.317111, "energy": 67.845768, "activity_lines": [ 94.459191, 93.052193, 92.516276, 91.655577 ] }, { "date": "2025-02-21", "close": 94.725324, "volume": 1018136, "typical_volume": 1229657.6, "trend": 90.480548, "fair_value": 76.64149, "relative_strength": -3.097799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.692653, "energy": 63.39901, "activity_lines": [ 94.738564, 93.480069, 92.784136, 91.947468 ] }, { "date": "2025-02-28", "close": 92.282465, "volume": 1373683, "typical_volume": 1265916.45, "trend": 90.777187, "fair_value": 76.778373, "relative_strength": -2.100053, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.148735, "energy": 43.877204, "activity_lines": [ 94.038808, 93.445576, 92.793633, 92.063721 ] }, { "date": "2025-03-07", "close": 89.879328, "volume": 2010552, "typical_volume": 1303773.15, "trend": 90.976915, "fair_value": 76.919932, "relative_strength": -1.302041, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 19.253369, "energy": 11.986483, "activity_lines": [ 92.609504, 92.937686, 92.56787, 92.005795 ] }, { "date": "2025-03-14", "close": 87.515911, "volume": 1757811, "typical_volume": 1339866.4, "trend": 90.979224, "fair_value": 77.00934, "relative_strength": -1.299303, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.902967, "energy": 23.709769, "activity_lines": [ 90.635356, 92.013985, 92.121035, 91.782504 ] }, { "date": "2025-03-21", "close": 88.270616, "volume": 1159908, "typical_volume": 1341584.25, "trend": 90.971098, "fair_value": 77.100716, "relative_strength": -0.552325, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.860318, "energy": 32.791675, "activity_lines": [ 89.356331, 91.283655, 91.757102, 91.607755 ] }, { "date": "2025-03-28", "close": 86.641002, "volume": 1079685, "typical_volume": 1296639.15, "trend": 90.906674, "fair_value": 77.175068, "relative_strength": 0.095648, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.81536, "energy": 54.703106, "activity_lines": [ 88.058422, 90.270935, 91.240777, 91.328394 ] }, { "date": "2025-04-04", "close": 78.164712, "volume": 1358911, "typical_volume": 1262311.6, "trend": 90.70504, "fair_value": 77.207806, "relative_strength": 0.316537, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.048816, "energy": 86.859977, "activity_lines": [ 84.474038, 87.8191, 89.947848, 90.506332 ] }, { "date": "2025-04-11", "close": 82.467448, "volume": 1780922, "typical_volume": 1256654.35, "trend": 90.539066, "fair_value": 77.275946, "relative_strength": -1.412293, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.545073, "energy": 78.330541, "activity_lines": [ 83.265082, 86.425768, 89.120966, 89.974874 ] }, { "date": "2025-04-18", "close": 81.940785, "volume": 802832, "typical_volume": 1265044.5, "trend": 90.321593, "fair_value": 77.359825, "relative_strength": 0.373813, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.380661, "energy": 78.938421, "activity_lines": [ 82.374698, 85.137702, 88.294602, 89.420147 ] }, { "date": "2025-04-25", "close": 86.253458, "volume": 1075668, "typical_volume": 1279983.5, "trend": 90.213228, "fair_value": 77.483576, "relative_strength": -0.555808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.476679, "energy": 62.059596, "activity_lines": [ 83.293547, 84.856094, 87.935078, 89.157686 ] }, { "date": "2025-05-02", "close": 88.956331, "volume": 1391442, "typical_volume": 1287494.85, "trend": 90.200901, "fair_value": 77.636879, "relative_strength": -0.714761, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.926611, "energy": 31.035921, "activity_lines": [ 85.24783, 85.24559, 87.874437, 89.076596 ] }, { "date": "2025-05-09", "close": 89.492931, "volume": 598183, "typical_volume": 1207178.05, "trend": 90.152647, "fair_value": 77.797966, "relative_strength": 0.177904, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.113917, "energy": 19.345668, "activity_lines": [ 87.226625, 85.83754, 87.887603, 89.030921 ] }, { "date": "2025-05-16", "close": 94.779434, "volume": 686447, "typical_volume": 1196890.9, "trend": 90.287874, "fair_value": 78.004049, "relative_strength": -0.599506, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -1.699928, "energy": 19.215518, "activity_lines": [ 90.212373, 87.441391, 88.407979, 89.329423 ] }, { "date": "2025-05-23", "close": 92.146119, "volume": 1607485, "typical_volume": 1216099.25, "trend": 90.365035, "fair_value": 78.165325, "relative_strength": -0.91882, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 7.827339, "energy": 24.214305, "activity_lines": [ 91.49955, 88.477365, 88.65787, 89.44931 ] }, { "date": "2025-05-30", "close": 92.98083, "volume": 671756, "typical_volume": 1202517.95, "trend": 90.502375, "fair_value": 78.336917, "relative_strength": -1.79868, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.126851, "energy": 30.587334, "activity_lines": [ 92.384608, 89.580919, 88.979915, 89.618071 ] }, { "date": "2025-06-06", "close": 95.196789, "volume": 535556, "typical_volume": 1172446.4, "trend": 90.57294, "fair_value": 78.543441, "relative_strength": -1.423319, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.767888, "energy": 44.083746, "activity_lines": [ 93.559828, 91.001734, 89.494215, 89.920936 ] }, { "date": "2025-06-13", "close": 94.242834, "volume": 658260, "typical_volume": 1158352.4, "trend": 90.71504, "fair_value": 78.76458, "relative_strength": -1.82054, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.30807, "energy": 44.868186, "activity_lines": [ 94.001033, 92.093543, 89.903643, 90.157704 ] }, { "date": "2025-06-20", "close": 94.282582, "volume": 589920, "typical_volume": 1119957.1, "trend": 90.754141, "fair_value": 78.957006, "relative_strength": -1.694802, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.60587, "energy": 40.137013, "activity_lines": [ 94.138826, 92.90025, 90.312628, 90.387868 ] }, { "date": "2025-06-27", "close": 97.037884, "volume": 756144, "typical_volume": 1107664.8, "trend": 90.864616, "fair_value": 79.182644, "relative_strength": -2.781825, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.587395, "energy": 50.213919, "activity_lines": [ 95.228177, 93.9931, 90.98041, 90.79327 ] }, { "date": "2025-07-04", "close": 98.968491, "volume": 295549, "typical_volume": 1060442.5, "trend": 90.998178, "fair_value": 79.406601, "relative_strength": -2.268138, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.037213, "energy": 72.140944, "activity_lines": [ 96.634946, 95.162477, 91.818398, 91.316101 ] }, { "date": "2025-07-11", "close": 97.993236, "volume": 493348, "typical_volume": 1034203.1, "trend": 91.140498, "fair_value": 79.630589, "relative_strength": -2.817994, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.571947, "energy": 78.386696, "activity_lines": [ 97.317453, 95.923352, 92.550015, 91.767395 ] }, { "date": "2025-07-18", "close": 98.65004, "volume": 339387, "typical_volume": 982488.3, "trend": 91.419601, "fair_value": 79.842864, "relative_strength": -3.29463, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.877945, "energy": 81.146001, "activity_lines": [ 98.032464, 96.639339, 93.328622, 92.251882 ] }, { "date": "2025-07-25", "close": 99.893988, "volume": 382388, "typical_volume": 901080.1, "trend": 91.727935, "fair_value": 80.049864, "relative_strength": -2.844048, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.816506, "energy": 87.781126, "activity_lines": [ 98.868312, 97.415005, 94.19538, 92.798616 ] }, { "date": "2025-08-01", "close": 96.361176, "volume": 627420, "typical_volume": 844560.55, "trend": 91.919833, "fair_value": 80.222462, "relative_strength": -4.035766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.596545, "energy": 71.568236, "activity_lines": [ 98.152461, 97.45535, 94.67799, 93.097535 ] }, { "date": "2025-08-08", "close": 97.177206, "volume": 574595, "typical_volume": 815294.9, "trend": 92.191231, "fair_value": 80.390588, "relative_strength": -6.524775, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.500422, "energy": 50.647865, "activity_lines": [ 97.753734, 97.567426, 95.196196, 93.436721 ] }, { "date": "2025-08-15", "close": 97.804156, "volume": 590594, "typical_volume": 790840.35, "trend": 92.376281, "fair_value": 80.577474, "relative_strength": -6.219771, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.998468, "energy": 44.712171, "activity_lines": [ 97.68341, 97.717196, 95.7317, 93.798845 ] }, { "date": "2025-08-22", "close": 98.421154, "volume": 1075682, "typical_volume": 776678.9, "trend": 92.545155, "fair_value": 80.786042, "relative_strength": -4.606461, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.781651, "energy": 41.131058, "activity_lines": [ 97.831357, 97.93174, 96.272808, 94.188837 ] }, { "date": "2025-08-29", "close": 97.575269, "volume": 683412, "typical_volume": 721803.4, "trend": 92.680205, "fair_value": 81.004987, "relative_strength": -5.004514, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.781748, "energy": 39.867589, "activity_lines": [ 97.712601, 97.916518, 96.636896, 94.51336 ] }, { "date": "2025-09-05", "close": 97.465802, "volume": 631173, "typical_volume": 713220.45, "trend": 92.790091, "fair_value": 81.202455, "relative_strength": -5.84692, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.802989, "energy": 38.160213, "activity_lines": [ 97.711938, 97.821526, 96.918617, 94.822108 ] }, { "date": "2025-09-12", "close": 98.500767, "volume": 791978, "typical_volume": 699035.95, "trend": 92.868936, "fair_value": 81.430069, "relative_strength": -6.395177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.331085, "energy": 43.112877, "activity_lines": [ 97.982621, 97.906929, 97.224977, 95.190539 ] }, { "date": "2025-09-19", "close": 100.351761, "volume": 588072, "typical_volume": 658867.45, "trend": 93.056483, "fair_value": 81.691736, "relative_strength": -6.485292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.71601, "energy": 50.566324, "activity_lines": [ 98.782065, 98.33738, 97.649302, 95.673302 ] }, { "date": "2025-09-26", "close": 100.67755, "volume": 685571, "typical_volume": 663236.85, "trend": 93.33632, "fair_value": 81.961599, "relative_strength": -5.596867, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.633864, "energy": 61.601189, "activity_lines": [ 99.520265, 98.784183, 98.05039, 96.164984 ] }, { "date": "2025-10-03", "close": 102.411652, "volume": 1041710, "typical_volume": 681000.0, "trend": 93.754064, "fair_value": 82.23672, "relative_strength": -4.970709, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.982955, "energy": 81.143126, "activity_lines": [ 100.686072, 99.509414, 98.563371, 96.750489 ] }, { "date": "2025-10-10", "close": 99.431788, "volume": 937659, "typical_volume": 647508.7, "trend": 94.15126, "fair_value": 82.508196, "relative_strength": -5.425289, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.061812, "energy": 61.928274, "activity_lines": [ 100.536166, 99.647075, 98.756212, 97.116794 ] }, { "date": "2025-10-17", "close": 101.514703, "volume": 668929, "typical_volume": 647367.35, "trend": 94.592729, "fair_value": 82.774825, "relative_strength": -5.584602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.790779, "energy": 57.072746, "activity_lines": [ 100.949499, 100.107619, 99.112731, 97.591855 ] }, { "date": "2025-10-24", "close": 103.637482, "volume": 740824, "typical_volume": 657630.75, "trend": 95.159279, "fair_value": 83.037485, "relative_strength": -5.520608, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.347605, "energy": 59.770103, "activity_lines": [ 101.869496, 100.87526, 99.630783, 98.175387 ] }, { "date": "2025-10-31", "close": 103.348465, "volume": 1389678, "typical_volume": 694201.65, "trend": 95.998737, "fair_value": 83.314685, "relative_strength": -7.386581, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.181634, "energy": 58.785616, "activity_lines": [ 102.474106, 101.484291, 100.081115, 98.703722 ] }, { "date": "2025-11-07", "close": 100.737347, "volume": 1208012, "typical_volume": 725106.25, "trend": 96.607734, "fair_value": 83.539248, "relative_strength": -6.694776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.763568, "energy": 48.895813, "activity_lines": [ 102.030282, 101.528986, 100.239409, 99.009438 ] }, { "date": "2025-11-14", "close": 100.288872, "volume": 822341, "typical_volume": 728416.1, "trend": 97.219337, "fair_value": 83.766919, "relative_strength": -6.799249, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.003487, "energy": 40.498803, "activity_lines": [ 101.548587, 101.434648, 100.324254, 99.246931 ] }, { "date": "2025-11-21", "close": 98.086364, "volume": 1989873, "typical_volume": 813132.3, "trend": 97.613767, "fair_value": 83.977542, "relative_strength": -5.750197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.602198, "energy": 14.154454, "activity_lines": [ 100.275584, 100.888525, 100.183856, 99.302868 ] }, { "date": "2025-11-28", "close": 101.80372, "volume": 1343639, "typical_volume": 855646.85, "trend": 98.042013, "fair_value": 84.202396, "relative_strength": -6.579473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.196741, "energy": 21.55977, "activity_lines": [ 100.470255, 101.02582, 100.401693, 99.573188 ] }, { "date": "2025-12-05", "close": 103.727177, "volume": 711953, "typical_volume": 874275.15, "trend": 98.516488, "fair_value": 84.451733, "relative_strength": -5.602634, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.38243, "energy": 25.449439, "activity_lines": [ 101.42833, 101.486435, 100.78457, 99.939973 ] }, { "date": "2025-12-12", "close": 102.890025, "volume": 657861, "typical_volume": 888048.8, "trend": 98.786841, "fair_value": 84.704305, "relative_strength": -4.450901, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.48273, "energy": 31.494871, "activity_lines": [ 102.082106, 101.739393, 101.063542, 100.222136 ] }, { "date": "2025-12-19", "close": 102.919923, "volume": 653359, "typical_volume": 889345.75, "trend": 99.145968, "fair_value": 84.964933, "relative_strength": -4.869017, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.762582, "energy": 45.165314, "activity_lines": [ 102.602337, 101.989089, 101.331094, 100.488787 ] }, { "date": "2025-12-26", "close": 103.649353, "volume": 324743, "typical_volume": 876853.15, "trend": 99.501585, "fair_value": 85.229987, "relative_strength": -5.281454, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.920887, "energy": 56.370762, "activity_lines": [ 103.190307, 102.307988, 101.636884, 100.779328 ] }, { "date": "2026-01-02", "close": 102.191752, "volume": 573109, "typical_volume": 875978.9, "trend": 99.734751, "fair_value": 85.477063, "relative_strength": -4.880047, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.220754, "energy": 43.660331, "activity_lines": [ 102.921545, 102.323057, 101.773035, 100.952887 ] }, { "date": "2026-01-09", "close": 105.017101, "volume": 891755, "typical_volume": 866782.55, "trend": 100.093893, "fair_value": 85.727046, "relative_strength": -4.267839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.272959, "energy": 51.977835, "activity_lines": [ 103.568696, 102.878112, 102.157374, 101.293684 ] }, { "date": "2026-01-16", "close": 104.108596, "volume": 907758, "typical_volume": 877999.85, "trend": 100.421427, "fair_value": 85.973583, "relative_strength": -4.16602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.994866, "energy": 46.284201, "activity_lines": [ 103.827018, 103.237645, 102.423779, 101.552697 ] }, { "date": "2026-01-23", "close": 104.747544, "volume": 1821415, "typical_volume": 937511.95, "trend": 100.678415, "fair_value": 86.205384, "relative_strength": -3.709265, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.510712, "energy": 43.635239, "activity_lines": [ 104.217084, 103.652055, 102.719925, 101.831801 ] }, { "date": "2026-01-30", "close": 103.69927, "volume": 1370241, "typical_volume": 966425.1, "trend": 100.836108, "fair_value": 86.422205, "relative_strength": -4.403602, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.712143, "energy": 41.064101, "activity_lines": [ 104.135885, 103.794803, 102.88156, 102.026695 ] }, { "date": "2026-02-06", "close": 102.38144, "volume": 2029414, "typical_volume": 1038492.2, "trend": 100.982381, "fair_value": 86.639526, "relative_strength": -3.587922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.576785, "energy": 28.310708, "activity_lines": [ 103.61208, 103.595893, 102.892934, 102.126394 ] }, { "date": "2026-02-13", "close": 102.511226, "volume": 914084, "typical_volume": 1049917.85, "trend": 101.111088, "fair_value": 86.853112, "relative_strength": -2.126257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.252202, "energy": 18.186256, "activity_lines": [ 103.118892, 103.410076, 102.907002, 102.225029 ] }, { "date": "2026-02-20", "close": 103.070306, "volume": 1211064, "typical_volume": 1058385.55, "trend": 101.216965, "fair_value": 87.084797, "relative_strength": -2.580585, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.001547, "energy": 16.771212, "activity_lines": [ 102.979123, 103.348019, 102.965585, 102.35143 ] }, { "date": "2026-02-27", "close": 103.80909, "volume": 1676670, "typical_volume": 1095336.1, "trend": 101.465229, "fair_value": 87.309581, "relative_strength": -1.510624, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.746367, "energy": 17.530048, "activity_lines": [ 103.154833, 103.417008, 103.091391, 102.518664 ] }, { "date": "2026-03-06", "close": 101.852311, "volume": 1731918, "typical_volume": 1148485.55, "trend": 101.621066, "fair_value": 87.543281, "relative_strength": -2.001864, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.474211, "energy": 11.535133, "activity_lines": [ 102.740848, 103.114052, 103.009993, 102.543637 ] }, { "date": "2026-03-13", "close": 99.77573, "volume": 1974812, "typical_volume": 1210184.95, "trend": 101.686785, "fair_value": 87.752733, "relative_strength": -2.859743, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -5.214067, "energy": 11.186955, "activity_lines": [ 101.7578, 102.466209, 102.729218, 102.424583 ] }, { "date": "2026-03-20", "close": 98.737439, "volume": 1205162, "typical_volume": 1200959.15, "trend": 101.697328, "fair_value": 87.950001, "relative_strength": -1.782654, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.529338, "energy": 36.933431, "activity_lines": [ 100.602369, 101.673515, 102.367948, 102.234303 ] }, { "date": "2026-03-27", "close": 96.3, "volume": 1903213, "typical_volume": 1235719.2, "trend": 101.654819, "fair_value": 88.112722, "relative_strength": -0.854133, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.701775, "energy": 60.258675, "activity_lines": [ 98.886044, 100.551824, 101.796497, 101.886088 ] }, { "date": "2026-04-03", "close": 99.26, "volume": 836555, "typical_volume": 1236429.9, "trend": 101.714625, "fair_value": 88.303503, "relative_strength": -1.542858, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.360361, "energy": 55.140285, "activity_lines": [ 98.607739, 100.110291, 101.528082, 101.731584 ] }, { "date": "2026-04-10", "close": 101.12, "volume": 1098360, "typical_volume": 1191854.25, "trend": 101.801933, "fair_value": 88.504014, "relative_strength": -3.799185, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.549982, "energy": 52.938509, "activity_lines": [ 99.252707, 100.106712, 101.441709, 101.693221 ] }, { "date": "2026-04-17", "close": 106.66, "volume": 893391, "typical_volume": 1169341.85, "trend": 102.012208, "fair_value": 88.74143, "relative_strength": -4.211948, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -8.96161, "energy": 5.257008, "activity_lines": [ 101.793163, 101.157302, 101.868508, 102.006645 ] }, { "date": "2026-04-24", "close": 108.667033, "volume": 650398, "typical_volume": 1166264.1, "trend": 102.278524, "fair_value": 88.993828, "relative_strength": -4.304275, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 69.973645, "energy": 45.007578, "activity_lines": [ 104.543678, 102.495016, 102.463329, 102.435988 ] }, { "date": "2026-05-01", "close": 110.194602, "volume": 658085, "typical_volume": 1166275.3, "trend": 102.537955, "fair_value": 89.257272, "relative_strength": -4.230709, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 76.274619, "energy": 65.721353, "activity_lines": [ 107.141409, 103.998545, 103.18011, 102.946703 ] }, { "date": "2026-05-08", "close": 113.868754, "volume": 616449, "typical_volume": 1164429.8, "trend": 103.019188, "fair_value": 89.545215, "relative_strength": -5.942864, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.888628, "energy": 88.528461, "activity_lines": [ 110.037552, 106.040569, 104.212026, 103.677722 ] }, { "date": "2026-05-15", "close": 112.480963, "volume": 973443, "typical_volume": 1196864.8, "trend": 103.38473, "fair_value": 89.813164, "relative_strength": -6.536994, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.630408, "energy": 86.858133, "activity_lines": [ 111.49718, 107.647365, 105.059634, 104.288159 ] }, { "date": "2026-05-22", "close": 116.434669, "volume": 775189, "typical_volume": 1206968.8, "trend": 103.811302, "fair_value": 90.099314, "relative_strength": -4.20272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.214085, "energy": 92.623954, "activity_lines": [ 113.517313, 109.779768, 106.24173, 105.130091 ] }, { "date": "2026-05-29", "close": 119.100426, "volume": 711232, "typical_volume": 1197942.65, "trend": 104.336368, "fair_value": 90.396349, "relative_strength": -4.566067, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.377072, "energy": 94.421237, "activity_lines": [ 115.774387, 112.093964, 107.609885, 106.116486 ] }, { "date": "2026-06-05", "close": 116.035305, "volume": 1166022, "typical_volume": 1210855.85, "trend": 104.8463, "fair_value": 90.672483, "relative_strength": -2.462784, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.448, "energy": 83.876264, "activity_lines": [ 116.314194, 113.48063, 108.61906, 106.871256 ] }, { "date": "2026-06-12", "close": 119.459854, "volume": 1547952, "typical_volume": 1197182.7, "trend": 105.485332, "fair_value": 90.956533, "relative_strength": -1.694782, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.569153, "energy": 82.366662, "activity_lines": [ 117.606138, 115.131117, 109.897588, 107.814066 ] }, { "date": "2026-06-19", "close": 121.486628, "volume": 915344, "typical_volume": 1174437.85, "trend": 106.265341, "fair_value": 91.266625, "relative_strength": -2.455853, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.688037, "energy": 81.025593, "activity_lines": [ 119.200933, 116.782838, 111.299084, 108.846408 ] }, { "date": "2026-06-26", "close": 118.68, "volume": 1396905, "typical_volume": 1142812.4, "trend": 106.827884, "fair_value": 91.544032, "relative_strength": -0.109239, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.191089, "energy": 63.959528, "activity_lines": [ 119.259807, 117.553961, 112.34858, 109.647353 ] }, { "date": "2026-07-03", "close": 120.15, "volume": 787300, "typical_volume": 1136473.2, "trend": 107.375311, "fair_value": 91.837518, "relative_strength": 0.379739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.886945, "energy": 64.072231, "activity_lines": [ 119.658993, 118.373812, 113.460464, 110.506845 ] }, { "date": "2026-07-10", "close": 120.61, "volume": 1046842, "typical_volume": 1128262.1, "trend": 107.965977, "fair_value": 92.114865, "relative_strength": -0.901582, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.195173, "energy": 62.199105, "activity_lines": [ 120.141541, 119.068517, 114.532164, 111.360696 ] }, { "date": "2026-07-17", "close": 116.8, "volume": 743512, "typical_volume": 1081604.2, "trend": 108.428646, "fair_value": 92.363644, "relative_strength": 0.230258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.675303, "energy": 52.330581, "activity_lines": [ 119.049109, 118.881124, 115.157484, 111.930633 ] }, { "date": "2026-07-24", "close": 115.41, "volume": 1098311, "typical_volume": 1049923.85, "trend": 108.820668, "fair_value": 92.598302, "relative_strength": 0.740672, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.6473, "energy": 39.427362, "activity_lines": [ 117.670667, 118.387709, 115.588561, 112.381043 ] }, { "date": "2026-07-31", "close": 117.07, "volume": 813547, "typical_volume": 991860.6, "trend": 109.31661, "fair_value": 92.85823, "relative_strength": 1.683204, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.859127, "energy": 31.442115, "activity_lines": [ 117.250667, 118.142857, 116.113174, 112.913257 ] }, { "date": "2026-08-07", "close": 121.96, "volume": 993518, "typical_volume": 981278.4, "trend": 109.881373, "fair_value": 93.156098, "relative_strength": 0.809337, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.681972, "energy": 38.252675, "activity_lines": [ 118.568, 118.775544, 117.021147, 113.72896 ] } ], "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." } } }