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26.278118, "energy": 37.975339, "activity_lines": [ 522.716667, 513.834548, 498.333096, 497.31428 ] }, { "date": "2026-07-17", "close": 571.0, "volume": 3296508, "typical_volume": 3302673.3, "trend": 508.399333, "fair_value": 422.797722, "relative_strength": 7.463138, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.397945, "energy": 46.310084, "activity_lines": [ 537.669999, 525.229093, 506.381429, 501.330022 ] }, { "date": "2026-07-24", "close": 531.099976, "volume": 3946499, "typical_volume": 3441836.75, "trend": 506.880666, "fair_value": 423.715537, "relative_strength": 2.312964, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.153107, "energy": 35.284556, "activity_lines": [ 536.599992, 527.985451, 510.205237, 502.79458 ] }, { "date": "2026-07-31", "close": 539.299988, "volume": 1106137, "typical_volume": 2777439.15, "trend": 504.552, "fair_value": 424.686835, "relative_strength": 1.296204, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.261772, "energy": 41.408261, "activity_lines": [ 539.10999, 531.767267, 514.338807, 504.886149 ] }, { "date": "2026-08-07", "close": 596.599976, "volume": 5158978, "typical_volume": 2854457.25, "trend": 504.119999, "fair_value": 426.119445, "relative_strength": 11.113961, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.086348, "energy": 67.278832, "activity_lines": [ 559.299984, 545.448172, 523.622376, 510.824728 ] } ], "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." } } }