{ "ticker": { "uuid": "96b4b976-9da3-435d-abd8-23a61651e0c1", "symbol": "IOSP", "name": "Innospec Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 84.027, "architecture_energy": 76.477, "architecture_maturity": 33.173, "architecture_confidence": 78.429, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 8.4, "rotation_up": 71.9, "upward_expansion": 89.09, "deceleration": 45.96, "rotation_down": 13.43, "downward_expansion": 15.75 }, "activity_lines": [ 87.368, 85.524364, 83.102835, 80.968299 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 92.44, "trend_reference": 79.370264, "distance_from_trend": 0.164668, "trend_direction": "Improving", "fair_value": 95.959937, "distance_from_fair_value": -0.036681, "fair_value_direction": "Improving", "relative_strength": 3.287263, "relative_strength_direction": "Improving", "price_momentum": 0.083841, "excess_performance": -0.103612, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.164668, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.040454, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.036681, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.142936, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.032873, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.189465, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.083841, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.253109, "read": "Demand-led" } ], "volume": { "latest": 1170330, "relative_activity": 1.156132, "balance": 1.253109, "dry_up": 0.8327, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.049069, "annualized_volatility": 0.300568, "from_high_reference": -0.018319, "from_low_reference": 0.42797 }, "levels": { "trend_reference": 79.370264, "fair_value_reference": 95.959937, "structural_low": 64.735232, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 20, "median_return": 0.012367, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.007094, "regime_survival": 0.7, "best_return": 0.085508, "worst_return": -0.14497, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.00169, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": -0.073914, "regime_survival": 0.5, "best_return": 0.129406, "worst_return": -0.113498, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.029353, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.112759, "regime_survival": 0.25, "best_return": 0.150134, "worst_return": -0.102159, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.093205, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.279116, "regime_survival": 0.333333, "best_return": 0.192346, "worst_return": -0.02202, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-07-05", "end": "2024-08-02", "tenure": "Developing", "return": 0.00455, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-09", "end": "2024-08-16", "tenure": "New", "return": 0.022366, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-23", "end": "2024-11-08", "tenure": "Developing", "return": 0.070015, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-15", "end": "2024-11-29", "tenure": "New", "return": 0.003218, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-12-06", "end": "2024-12-13", "tenure": "New", "return": -0.002583, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-20", "end": "2025-02-21", "tenure": "Developing", "return": -0.05788, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-02-28", "end": "2025-12-26", "tenure": "Extended", "return": -0.225284, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-02", "end": "2026-01-23", "tenure": "New", "return": 0.059649, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-30", "end": "2026-02-27", "tenure": "Developing", "return": -0.062898, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-06", "end": "2026-03-13", "tenure": "New", "return": -0.04826, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.095766, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.032525, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-29", "tenure": "Developing", "return": 0.087915, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.145761, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 101.010625, "volume": 397342, "typical_volume": 384286.45, "trend": 97.987561, "fair_value": 88.465773, "relative_strength": -9.943589, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.921867, "energy": 49.742883, "activity_lines": [ 101.373636, 99.449345, 97.254006, 97.08629 ] }, { "date": "2023-08-25", "close": 98.212153, "volume": 352921, "typical_volume": 379780.85, "trend": 97.811202, "fair_value": 88.647466, "relative_strength": -13.694339, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.147933, "energy": 33.958831, "activity_lines": [ 100.408558, 99.512472, 97.429786, 97.10078 ] }, { "date": "2023-09-01", "close": 103.515021, "volume": 329895, "typical_volume": 373093.1, "trend": 97.662448, "fair_value": 88.877215, "relative_strength": -12.24171, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.353169, "energy": 34.802974, "activity_lines": [ 101.336956, 100.497328, 98.101074, 97.468768 ] }, { "date": "2023-09-08", "close": 98.29753, "volume": 395666, "typical_volume": 373295.95, "trend": 97.495843, "fair_value": 89.114062, "relative_strength": -15.470628, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 41.3556, "energy": 24.300104, "activity_lines": [ 100.316225, 100.325366, 98.259027, 97.509741 ] }, { "date": "2023-09-15", "close": 101.352134, "volume": 752600, "typical_volume": 395988.55, "trend": 97.253325, "fair_value": 89.374065, "relative_strength": -12.362281, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 44.072823, "energy": 24.499673, "activity_lines": [ 100.528719, 100.653939, 98.70756, 97.758534 ] }, { "date": "2023-09-22", "close": 96.457179, "volume": 328478, "typical_volume": 385798.8, "trend": 97.032598, "fair_value": 89.622084, "relative_strength": -13.526351, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 27.948613, "energy": 15.316238, "activity_lines": [ 99.188614, 99.956433, 98.663185, 97.70717 ] }, { "date": "2023-09-29", "close": 96.950469, "volume": 439035, "typical_volume": 391956.35, "trend": 96.767709, "fair_value": 89.871155, "relative_strength": -13.001524, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 23.315189, "energy": 16.034496, "activity_lines": [ 98.316503, 99.340683, 98.653629, 97.701871 ] }, { "date": "2023-10-06", "close": 95.954402, "volume": 346493, "typical_volume": 390991.8, "trend": 96.784889, "fair_value": 90.093276, "relative_strength": -15.242226, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 15.755556, "energy": 14.686109, "activity_lines": [ 97.196481, 98.601093, 98.523486, 97.6494 ] }, { "date": "2023-10-13", "close": 93.668193, "volume": 266407, "typical_volume": 384416.2, "trend": 96.765743, "fair_value": 90.290722, "relative_strength": -17.049905, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -23.792838, "energy": 24.521, "activity_lines": [ 95.818431, 97.526031, 98.164541, 97.448323 ] }, { "date": "2023-10-20", "close": 92.975689, "volume": 310660, "typical_volume": 386201.55, "trend": 96.714407, "fair_value": 90.485194, "relative_strength": -14.861342, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -26.119002, "energy": 37.133826, "activity_lines": [ 94.518169, 96.467872, 97.722567, 97.203803 ] }, { "date": "2023-10-27", "close": 91.410442, "volume": 279028, "typical_volume": 380084.8, "trend": 96.537416, "fair_value": 90.683636, "relative_strength": -13.687191, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.829482, "energy": 51.021471, "activity_lines": [ 93.254588, 95.298982, 97.138524, 96.861612 ] }, { "date": "2023-11-03", "close": 95.195494, "volume": 307556, "typical_volume": 367085.2, "trend": 96.503551, "fair_value": 90.891049, "relative_strength": -15.009617, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.584412, "energy": 41.521794, "activity_lines": [ 93.58914, 94.992832, 96.931225, 96.775036 ] }, { "date": "2023-11-10", "close": 96.305397, "volume": 419497, "typical_volume": 368752.9, "trend": 96.378249, "fair_value": 91.040774, "relative_strength": -15.915038, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.425238, "energy": 22.971865, "activity_lines": [ 94.410657, 94.94333, 96.832883, 96.762252 ] }, { "date": "2023-11-17", "close": 103.571939, "volume": 359281, "typical_volume": 371613.95, "trend": 96.556399, "fair_value": 91.22855, "relative_strength": -10.787962, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 29.631534, "energy": 16.783662, "activity_lines": [ 97.630956, 96.346102, 97.406401, 97.226361 ] }, { "date": "2023-11-24", "close": 101.633427, "volume": 263423, "typical_volume": 371814.65, "trend": 96.752832, "fair_value": 91.376366, "relative_strength": -12.641725, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 46.097219, "energy": 33.456455, "activity_lines": [ 99.544834, 97.300519, 97.755817, 97.553911 ] }, { "date": "2023-12-01", "close": 102.244583, "volume": 338824, "typical_volume": 373534.8, "trend": 97.03087, "fair_value": 91.518136, "relative_strength": -11.652431, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 59.189807, "energy": 44.166211, "activity_lines": [ 101.085249, 98.360941, 98.126457, 97.908218 ] }, { "date": "2023-12-08", "close": 104.641463, "volume": 328285, "typical_volume": 369824.8, "trend": 97.467308, "fair_value": 91.685882, "relative_strength": -9.546049, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.952267, "energy": 67.247467, "activity_lines": [ 102.702347, 99.751933, 98.695734, 98.399224 ] }, { "date": "2023-12-15", "close": 114.467715, "volume": 851420, "typical_volume": 391572.35, "trend": 98.16189, "fair_value": 91.897574, "relative_strength": -3.802768, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.269741, "energy": 86.074607, "activity_lines": [ 106.965131, 102.789681, 100.179219, 99.496024 ] }, { "date": "2023-12-22", "close": 118.306542, "volume": 620591, "typical_volume": 409012.65, "trend": 99.102697, "fair_value": 92.128038, "relative_strength": -0.987078, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 93.097443, "energy": 94.62918, "activity_lines": [ 111.296703, 106.188792, 101.961153, 100.795679 ] }, { "date": "2023-12-29", "close": 117.685836, "volume": 243750, "typical_volume": 396557.6, "trend": 99.877355, "fair_value": 92.347506, "relative_strength": -1.319882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.238411, "energy": 93.734548, "activity_lines": [ 114.439067, 109.027077, 103.60405, 101.994592 ] }, { "date": "2024-01-05", "close": 113.589177, "volume": 462992, "typical_volume": 399840.1, "trend": 100.50281, "fair_value": 92.498735, "relative_strength": -1.128359, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.035393, "energy": 87.959225, "activity_lines": [ 115.145717, 110.671239, 104.784657, 102.879225 ] }, { "date": "2024-01-12", "close": 111.946694, "volume": 491561, "typical_volume": 406772.1, "trend": 101.038416, "fair_value": 92.642855, "relative_strength": -4.993241, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.047831, "energy": 83.777357, "activity_lines": [ 114.548566, 111.613518, 105.748938, 103.61754 ] }, { "date": "2024-01-19", "close": 112.328667, "volume": 333093, "typical_volume": 406932.0, "trend": 101.713872, "fair_value": 92.793315, "relative_strength": -6.634698, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.73008, "energy": 57.85366, "activity_lines": [ 113.591724, 112.32068, 106.684195, 104.345944 ] }, { "date": "2024-01-26", "close": 113.149908, "volume": 369592, "typical_volume": 405628.3, "trend": 102.309507, "fair_value": 93.001041, "relative_strength": -5.999124, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.691694, "energy": 47.516199, "activity_lines": [ 113.051232, 112.885826, 107.655696, 105.083752 ] }, { "date": "2024-02-02", "close": 111.106354, "volume": 385194, "typical_volume": 387258.0, "trend": 102.884138, "fair_value": 93.155575, "relative_strength": -8.218363, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.990985, "energy": 36.836019, "activity_lines": [ 112.173331, 112.905272, 108.361847, 105.651291 ] }, { "date": "2024-02-09", "close": 113.541431, "volume": 440519, "typical_volume": 392860.05, "trend": 103.468159, "fair_value": 93.29335, "relative_strength": -7.381501, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.302362, "energy": 36.693463, "activity_lines": [ 112.545755, 113.195224, 109.253462, 106.338858 ] }, { "date": "2024-02-16", "close": 118.831755, "volume": 568457, "typical_volume": 399331.15, "trend": 104.092553, "fair_value": 93.466394, "relative_strength": -1.015452, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.831591, "energy": 52.260058, "activity_lines": [ 114.684803, 114.241656, 110.567563, 107.330058 ] }, { "date": "2024-02-23", "close": 119.118234, "volume": 350461, "typical_volume": 399529.55, "trend": 104.717642, "fair_value": 93.637737, "relative_strength": -1.624991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.366624, "energy": 56.758753, "activity_lines": [ 116.46034, 115.08217, 111.804751, 108.299457 ] }, { "date": "2024-03-01", "close": 119.719841, "volume": 449327, "typical_volume": 408675.55, "trend": 105.324207, "fair_value": 93.807276, "relative_strength": -2.52082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.039325, "energy": 67.627245, "activity_lines": [ 117.983775, 115.947512, 112.988932, 109.26734 ] }, { "date": "2024-03-08", "close": 120.292801, "volume": 339685, "typical_volume": 410126.8, "trend": 105.916037, "fair_value": 93.956846, "relative_strength": -0.172881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.52821, "energy": 72.696539, "activity_lines": [ 119.260201, 116.891333, 114.103624, 110.233056 ] }, { "date": "2024-03-15", "close": 116.568565, "volume": 670085, "typical_volume": 429679.65, "trend": 106.434634, "fair_value": 94.088792, "relative_strength": -1.836869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.691088, "energy": 62.446123, "activity_lines": [ 118.682785, 117.11062, 114.733546, 110.920316 ] }, { "date": "2024-03-22", "close": 121.381423, "volume": 505514, "typical_volume": 439577.55, "trend": 107.206944, "fair_value": 94.259608, "relative_strength": -0.52903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.415349, "energy": 56.855777, "activity_lines": [ 119.507846, 118.150801, 115.702035, 111.884625 ] }, { "date": "2024-03-29", "close": 123.128949, "volume": 338946, "typical_volume": 435550.0, "trend": 107.860741, "fair_value": 94.427889, "relative_strength": 1.628039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.445981, "energy": 57.269878, "activity_lines": [ 120.745438, 119.337174, 116.71226, 112.911851 ] }, { "date": "2024-04-05", "close": 119.146882, "volume": 393218, "typical_volume": 437246.85, "trend": 108.555719, "fair_value": 94.587152, "relative_strength": -0.630062, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.639941, "energy": 46.769473, "activity_lines": [ 120.388294, 119.603166, 117.215509, 113.639989 ] }, { "date": "2024-04-12", "close": 117.131975, "volume": 331730, "typical_volume": 440662.2, "trend": 109.081714, "fair_value": 94.731789, "relative_strength": -1.479527, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.955186, "energy": 40.838319, "activity_lines": [ 119.397711, 119.393775, 117.452696, 114.193296 ] }, { "date": "2024-04-19", "close": 116.769101, "volume": 319386, "typical_volume": 439690.3, "trend": 109.758778, "fair_value": 94.904287, "relative_strength": 4.036429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.960071, "energy": 28.387536, "activity_lines": [ 118.496891, 119.008851, 117.581521, 114.689257 ] }, { "date": "2024-04-26", "close": 115.66138, "volume": 381848, "typical_volume": 442368.45, "trend": 110.382475, "fair_value": 95.071394, "relative_strength": -0.644845, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.717595, "energy": 19.97197, "activity_lines": [ 117.213463, 118.363838, 117.535684, 115.07007 ] }, { "date": "2024-05-03", "close": 116.22479, "volume": 449285, "typical_volume": 422261.7, "trend": 111.058155, "fair_value": 95.211867, "relative_strength": -1.005612, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.381874, "energy": 19.636428, "activity_lines": [ 116.499174, 117.878906, 117.49103, 115.446993 ] }, { "date": "2024-05-10", "close": 125.306194, "volume": 569102, "typical_volume": 419687.25, "trend": 112.112755, "fair_value": 95.416273, "relative_strength": 5.141406, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.378873, "energy": 31.579207, "activity_lines": [ 119.272296, 119.097746, 118.302904, 116.366221 ] }, { "date": "2024-05-17", "close": 124.38946, "volume": 561932, "typical_volume": 435596.35, "trend": 113.159881, "fair_value": 95.619367, "relative_strength": 2.165774, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.200125, "energy": 40.604152, "activity_lines": [ 121.32922, 120.048338, 118.994138, 117.158267 ] }, { "date": "2024-05-24", "close": 124.379854, "volume": 600423, "typical_volume": 442467.9, "trend": 114.258861, "fair_value": 95.817183, "relative_strength": 0.695719, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.935291, "energy": 59.098792, "activity_lines": [ 122.89911, 120.922698, 119.652536, 117.882136 ] }, { "date": "2024-05-31", "close": 125.638157, "volume": 613241, "typical_volume": 448551.9, "trend": 115.273616, "fair_value": 96.018499, "relative_strength": 3.269727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.584854, "energy": 70.033217, "activity_lines": [ 124.381051, 121.883818, 120.379388, 118.616284 ] }, { "date": "2024-06-07", "close": 121.267716, "volume": 394962, "typical_volume": 451645.35, "trend": 116.105694, "fair_value": 96.211781, "relative_strength": -2.909359, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.744785, "energy": 57.270374, "activity_lines": [ 123.741059, 121.972916, 120.62481, 119.003 ] }, { "date": "2024-06-14", "close": 118.059525, "volume": 830239, "typical_volume": 474677.7, "trend": 116.588613, "fair_value": 96.425764, "relative_strength": -8.575403, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.403417, "energy": 27.156497, "activity_lines": [ 121.695475, 121.512548, 120.522123, 119.129054 ] }, { "date": "2024-06-21", "close": 118.376502, "volume": 633657, "typical_volume": 487100.85, "trend": 117.146716, "fair_value": 96.627252, "relative_strength": -8.461706, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.95348, "energy": 13.219135, "activity_lines": [ 120.238662, 121.129582, 120.426245, 119.244402 ] }, { "date": "2024-06-28", "close": 118.71269, "volume": 600310, "typical_volume": 495090.4, "trend": 117.695653, "fair_value": 96.851707, "relative_strength": -8.066167, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.670415, "energy": 17.658109, "activity_lines": [ 119.294775, 120.785113, 120.327765, 119.345432 ] }, { "date": "2024-07-05", "close": 116.119241, "volume": 337453, "typical_volume": 483540.2, "trend": 118.078245, "fair_value": 97.06013, "relative_strength": -13.015621, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.103369, "energy": 23.4153, "activity_lines": [ 117.864216, 119.93377, 119.957665, 119.243728 ] }, { "date": "2024-07-12", "close": 119.78849, "volume": 565252, "typical_volume": 494279.75, "trend": 118.255604, "fair_value": 97.305533, "relative_strength": -9.94052, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.193115, "energy": 13.731038, "activity_lines": [ 118.291334, 119.741239, 119.949935, 119.354067 ] }, { "date": "2024-07-19", "close": 121.392586, "volume": 671194, "typical_volume": 505373.1, "trend": 118.358473, "fair_value": 97.570942, "relative_strength": -4.886659, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.606855, "energy": 10.832813, "activity_lines": [ 119.351766, 119.775567, 120.091783, 119.556453 ] }, { "date": "2024-07-26", "close": 125.081046, "volume": 614946, "typical_volume": 519136.15, "trend": 118.60498, "fair_value": 97.848315, "relative_strength": 0.552854, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.283147, "energy": 22.229386, "activity_lines": [ 121.419481, 120.55168, 120.576948, 119.990167 ] }, { "date": "2024-08-02", "close": 116.647536, "volume": 501403, "typical_volume": 510702.05, "trend": 118.706925, "fair_value": 98.066468, "relative_strength": -3.152605, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.464008, "energy": 9.964924, "activity_lines": [ 120.229056, 119.781854, 120.23612, 119.86388 ] }, { "date": "2024-08-09", "close": 102.210675, "volume": 959106, "typical_volume": 533381.65, "trend": 118.382391, "fair_value": 98.163855, "relative_strength": -15.117296, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -50.90596, "energy": 47.326503, "activity_lines": [ 114.364021, 116.527731, 118.519977, 118.799606 ] }, { "date": "2024-08-16", "close": 104.496751, "volume": 689308, "typical_volume": 550899.75, "trend": 118.121327, "fair_value": 98.297241, "relative_strength": -17.335844, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -76.033287, "energy": 75.364025, "activity_lines": [ 110.188249, 114.115213, 117.112845, 117.903758 ] }, { "date": "2024-08-23", "close": 109.20338, "volume": 595607, "typical_volume": 561019.2, "trend": 117.989776, "fair_value": 98.429908, "relative_strength": -14.233384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.304002, "energy": 73.620297, "activity_lines": [ 108.600803, 112.863372, 116.242689, 117.328407 ] }, { "date": "2024-08-30", "close": 110.711422, "volume": 1263282, "typical_volume": 607596.8, "trend": 117.976612, "fair_value": 98.59821, "relative_strength": -12.090255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.727158, "energy": 74.323722, "activity_lines": [ 108.328651, 112.046742, 115.563505, 116.858836 ] }, { "date": "2024-09-06", "close": 102.383571, "volume": 364961, "typical_volume": 609875.55, "trend": 117.604683, "fair_value": 98.725047, "relative_strength": -13.470004, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.706898, "energy": 76.545045, "activity_lines": [ 106.238524, 109.855322, 114.121766, 115.852833 ] }, { "date": "2024-09-13", "close": 104.660043, "volume": 457642, "typical_volume": 613665.25, "trend": 117.132293, "fair_value": 98.89375, "relative_strength": -16.168776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.640693, "energy": 57.49687, "activity_lines": [ 105.858152, 108.374699, 112.965337, 115.017695 ] }, { "date": "2024-09-20", "close": 107.522441, "volume": 773789, "typical_volume": 629890.45, "trend": 116.745766, "fair_value": 99.080742, "relative_strength": -14.843635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.345033, "energy": 44.854576, "activity_lines": [ 106.268621, 107.622861, 112.133905, 114.397705 ] }, { "date": "2024-09-27", "close": 109.587594, "volume": 515230, "typical_volume": 627196.85, "trend": 116.408025, "fair_value": 99.273977, "relative_strength": -13.797648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.091554, "energy": 39.885784, "activity_lines": [ 107.165762, 107.469524, 111.540593, 113.935887 ] }, { "date": "2024-10-04", "close": 107.849023, "volume": 331088, "typical_volume": 615654.65, "trend": 115.993232, "fair_value": 99.460394, "relative_strength": -14.99157, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.883519, "energy": 29.822493, "activity_lines": [ 107.457765, 107.21472, 110.856554, 113.383693 ] }, { "date": "2024-10-11", "close": 109.232196, "volume": 450463, "typical_volume": 608156.65, "trend": 115.748686, "fair_value": 99.652477, "relative_strength": -14.723718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.346619, "energy": 23.573927, "activity_lines": [ 108.401652, 107.524711, 110.38301, 112.947497 ] }, { "date": "2024-10-18", "close": 108.838376, "volume": 359757, "typical_volume": 595482.45, "trend": 115.330585, "fair_value": 99.825612, "relative_strength": -14.94545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.924201, "energy": 19.867163, "activity_lines": [ 108.757691, 107.897923, 109.94409, 112.501671 ] }, { "date": "2024-10-25", "close": 104.880966, "volume": 334538, "typical_volume": 592461.25, "trend": 114.722319, "fair_value": 99.96069, "relative_strength": -17.844234, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.41176, "energy": 26.347575, "activity_lines": [ 107.516037, 107.431103, 109.208274, 111.827502 ] }, { "date": "2024-11-01", "close": 104.112537, "volume": 311438, "typical_volume": 566521.2, "trend": 114.221174, "fair_value": 100.071217, "relative_strength": -16.833998, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.680054, "energy": 35.124478, "activity_lines": [ 106.194339, 106.817582, 108.477306, 111.143 ] }, { "date": "2024-11-08", "close": 116.849249, "volume": 925067, "typical_volume": 581091.7, "trend": 114.21175, "fair_value": 100.26422, "relative_strength": -11.31643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.981061, "energy": 9.503429, "activity_lines": [ 109.483216, 108.612388, 109.025772, 111.312553 ] }, { "date": "2024-11-15", "close": 114.332644, "volume": 738365, "typical_volume": 587994.45, "trend": 114.130535, "fair_value": 100.476013, "relative_strength": -9.886428, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.946701, "energy": 7.662287, "activity_lines": [ 111.333209, 109.838032, 109.341834, 111.320353 ] }, { "date": "2024-11-22", "close": 115.803019, "volume": 522898, "typical_volume": 597266.7, "trend": 114.135256, "fair_value": 100.721936, "relative_strength": -10.16306, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.979996, "energy": 16.324073, "activity_lines": [ 113.333297, 111.113762, 109.818789, 111.428255 ] }, { "date": "2024-11-29", "close": 114.700594, "volume": 548865, "typical_volume": 596447.35, "trend": 114.084449, "fair_value": 100.960673, "relative_strength": -11.44733, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.127683, "energy": 27.369925, "activity_lines": [ 114.501601, 111.986451, 110.192258, 111.464728 ] }, { "date": "2024-12-06", "close": 112.331346, "volume": 437849, "typical_volume": 584780.1, "trend": 113.651954, "fair_value": 101.154446, "relative_strength": -15.681112, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 15.88767, "energy": 30.818808, "activity_lines": [ 114.225513, 112.297855, 110.364311, 111.351625 ] }, { "date": "2024-12-13", "close": 112.041234, "volume": 435813, "typical_volume": 575823.45, "trend": 113.240347, "fair_value": 101.331144, "relative_strength": -16.074361, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 14.27742, "energy": 21.789426, "activity_lines": [ 113.304801, 112.506626, 110.551884, 111.247708 ] }, { "date": "2024-12-20", "close": 106.093939, "volume": 1357327, "typical_volume": 618619.65, "trend": 112.630816, "fair_value": 101.477057, "relative_strength": -18.169229, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -38.58053, "energy": 18.250715, "activity_lines": [ 110.722192, 111.557849, 110.235142, 110.786649 ] }, { "date": "2024-12-27", "close": 107.012627, "volume": 367463, "typical_volume": 589037.5, "trend": 112.009965, "fair_value": 101.623966, "relative_strength": -17.674202, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.264382, "energy": 26.149246, "activity_lines": [ 108.995059, 110.833164, 110.056149, 110.424185 ] }, { "date": "2025-01-03", "close": 105.310637, "volume": 524332, "typical_volume": 580788.7, "trend": 111.478063, "fair_value": 101.70477, "relative_strength": -17.822256, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.390883, "energy": 33.493173, "activity_lines": [ 107.286622, 109.832223, 109.692196, 109.99197 ] }, { "date": "2025-01-10", "close": 101.74226, "volume": 328263, "typical_volume": 567421.5, "trend": 110.934154, "fair_value": 101.768845, "relative_strength": -18.351409, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.201767, "energy": 56.429558, "activity_lines": [ 105.014723, 108.174673, 108.984522, 109.363854 ] }, { "date": "2025-01-17", "close": 110.697049, "volume": 566395, "typical_volume": 532577.15, "trend": 110.678172, "fair_value": 101.915205, "relative_strength": -13.261569, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.411679, "energy": 39.864626, "activity_lines": [ 106.433693, 108.188363, 109.165213, 109.348557 ] }, { "date": "2025-01-24", "close": 110.658367, "volume": 442811, "typical_volume": 536469.65, "trend": 110.409695, "fair_value": 102.069612, "relative_strength": -14.181264, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -40.133661, "energy": 22.203569, "activity_lines": [ 107.929381, 108.306878, 109.342289, 109.347279 ] }, { "date": "2025-01-31", "close": 109.613964, "volume": 740837, "typical_volume": 550629.4, "trend": 110.192852, "fair_value": 102.233197, "relative_strength": -13.450314, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -19.921582, "energy": 9.649581, "activity_lines": [ 108.772639, 108.302306, 109.380495, 109.295942 ] }, { "date": "2025-02-07", "close": 107.302739, "volume": 523148, "typical_volume": 538097.35, "trend": 109.77666, "fair_value": 102.375044, "relative_strength": -14.998911, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.400555, "energy": 13.975851, "activity_lines": [ 108.672067, 107.990041, 109.174994, 109.109483 ] }, { "date": "2025-02-14", "close": 104.624039, "volume": 496183, "typical_volume": 537145.0, "trend": 109.217709, "fair_value": 102.450909, "relative_strength": -18.929028, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -43.061388, "energy": 18.473368, "activity_lines": [ 107.545788, 107.325245, 108.715424, 108.777056 ] }, { "date": "2025-02-21", "close": 99.953237, "volume": 1160045, "typical_volume": 578592.85, "trend": 108.380115, "fair_value": 102.513302, "relative_strength": -20.231836, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -65.472173, "energy": 51.738162, "activity_lines": [ 104.670457, 105.951345, 107.834652, 108.179348 ] }, { "date": "2025-02-28", "close": 100.001589, "volume": 993451, "typical_volume": 605742.25, "trend": 107.82525, "fair_value": 102.591281, "relative_strength": -16.887518, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.820307, "energy": 64.727588, "activity_lines": [ 102.527497, 104.806018, 106.996085, 107.638798 ] }, { "date": "2025-03-07", "close": 97.303547, "volume": 1150775, "typical_volume": 645293.15, "trend": 107.661679, "fair_value": 102.669091, "relative_strength": -15.905163, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.495019, "energy": 73.441543, "activity_lines": [ 100.195641, 103.280908, 105.944516, 106.959978 ] }, { "date": "2025-03-14", "close": 94.856937, "volume": 1585077, "typical_volume": 707820.1, "trend": 107.340352, "fair_value": 102.716836, "relative_strength": -15.445586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.521483, "energy": 79.6782, "activity_lines": [ 97.868944, 101.487489, 104.714864, 106.133866 ] }, { "date": "2025-03-21", "close": 92.845494, "volume": 2878928, "typical_volume": 836194.6, "trend": 106.795089, "fair_value": 102.726805, "relative_strength": -16.894404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.708877, "energy": 83.410407, "activity_lines": [ 95.701485, 99.51842, 103.34138, 105.198714 ] }, { "date": "2025-03-28", "close": 92.062192, "volume": 1263748, "typical_volume": 853128.65, "trend": 106.173448, "fair_value": 102.754666, "relative_strength": -15.046989, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.655601, "energy": 83.035643, "activity_lines": [ 94.058162, 97.568692, 101.946948, 104.248204 ] }, { "date": "2025-04-04", "close": 83.001028, "volume": 1088668, "typical_volume": 870643.8, "trend": 105.527364, "fair_value": 102.74127, "relative_strength": -14.484697, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.328772, "energy": 90.571187, "activity_lines": [ 89.920521, 94.310296, 99.807582, 102.753209 ] }, { "date": "2025-04-11", "close": 84.586974, "volume": 1220251, "typical_volume": 905511.45, "trend": 104.858261, "fair_value": 102.7236, "relative_strength": -18.370633, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.49613, "energy": 87.225692, "activity_lines": [ 87.444899, 91.843113, 97.968456, 101.402216 ] }, { "date": "2025-04-18", "close": 83.088062, "volume": 640116, "typical_volume": 910074.0, "trend": 104.043782, "fair_value": 102.697634, "relative_strength": -17.286256, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.253069, "energy": 87.997073, "activity_lines": [ 85.317411, 89.558438, 96.135225, 99.997688 ] }, { "date": "2025-04-25", "close": 86.830506, "volume": 827363, "typical_volume": 929549.7, "trend": 103.285212, "fair_value": 102.685514, "relative_strength": -18.166475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.805016, "energy": 75.104475, "activity_lines": [ 85.221997, 88.394473, 94.808953, 98.887154 ] }, { "date": "2025-05-02", "close": 89.199754, "volume": 796880, "typical_volume": 947603.05, "trend": 102.66357, "fair_value": 102.655166, "relative_strength": -18.128323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.212719, "energy": 55.813154, "activity_lines": [ 86.31733, 87.9848, 93.829756, 97.978414 ] }, { "date": "2025-05-09", "close": 87.526775, "volume": 749755, "typical_volume": 917224.45, "trend": 101.940056, "fair_value": 102.610633, "relative_strength": -18.780756, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.527344, "energy": 48.387667, "activity_lines": [ 87.045834, 87.466467, 92.799997, 97.001847 ] }, { "date": "2025-05-16", "close": 86.056874, "volume": 1137819, "typical_volume": 955742.25, "trend": 101.180673, "fair_value": 102.54937, "relative_strength": -24.54457, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.692751, "energy": 39.075204, "activity_lines": [ 86.982654, 86.907694, 91.718662, 95.977125 ] }, { "date": "2025-05-23", "close": 83.546292, "volume": 786208, "typical_volume": 968836.05, "trend": 100.469517, "fair_value": 102.458385, "relative_strength": -24.253531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.965574, "energy": 45.675661, "activity_lines": [ 85.98462, 86.096936, 90.498014, 94.839424 ] }, { "date": "2025-05-30", "close": 83.058174, "volume": 647448, "typical_volume": 984795.3, "trend": 99.767705, "fair_value": 102.364271, "relative_strength": -25.329296, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.751689, "energy": 48.11701, "activity_lines": [ 84.793331, 85.403077, 89.334518, 93.716111 ] }, { "date": "2025-06-06", "close": 84.083222, "volume": 786694, "typical_volume": 995810.25, "trend": 98.675504, "fair_value": 102.312449, "relative_strength": -25.246285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.58784, "energy": 47.926878, "activity_lines": [ 84.195214, 85.073543, 88.357617, 92.704209 ] }, { "date": "2025-06-13", "close": 82.755541, "volume": 1244579, "typical_volume": 1035898.65, "trend": 97.622934, "fair_value": 102.318877, "relative_strength": -25.399497, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.215086, "energy": 49.591697, "activity_lines": [ 83.495638, 84.647684, 87.381003, 91.677115 ] }, { "date": "2025-06-20", "close": 80.578534, "volume": 1037084, "typical_volume": 1050711.0, "trend": 96.448784, "fair_value": 102.273287, "relative_strength": -26.707491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.709549, "energy": 51.441862, "activity_lines": [ 82.388476, 83.830468, 86.329925, 90.577476 ] }, { "date": "2025-06-27", "close": 82.277185, "volume": 1560395, "typical_volume": 1102573.35, "trend": 95.368004, "fair_value": 102.225078, "relative_strength": -27.484091, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.220799, "energy": 45.928063, "activity_lines": [ 82.212753, 83.39498, 85.578888, 89.663179 ] }, { "date": "2025-07-04", "close": 86.592149, "volume": 832046, "typical_volume": 1119366.5, "trend": 94.510031, "fair_value": 102.225421, "relative_strength": -24.235884, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.374306, "energy": 39.89172, "activity_lines": [ 83.559959, 83.758773, 85.357969, 89.096995 ] }, { "date": "2025-07-11", "close": 86.162605, "volume": 1117248, "typical_volume": 1117226.65, "trend": 93.64741, "fair_value": 102.218088, "relative_strength": -23.708866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.513723, "energy": 29.857421, "activity_lines": [ 84.528386, 84.048801, 85.182008, 88.558451 ] }, { "date": "2025-07-18", "close": 81.047127, "volume": 806927, "typical_volume": 1107900.45, "trend": 92.812516, "fair_value": 102.151607, "relative_strength": -28.380916, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.769192, "energy": 31.334445, "activity_lines": [ 83.653027, 83.463963, 84.584527, 87.74553 ] }, { "date": "2025-07-25", "close": 82.374809, "volume": 898845, "typical_volume": 1095303.95, "trend": 91.991255, "fair_value": 102.067281, "relative_strength": -26.985332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.735041, "energy": 28.018769, "activity_lines": [ 83.334123, 83.238334, 84.203752, 87.072129 ] }, { "date": "2025-08-01", "close": 76.683352, "volume": 1163590, "typical_volume": 1074229.6, "trend": 91.037013, "fair_value": 101.987056, "relative_strength": -29.662524, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.467107, "energy": 52.520871, "activity_lines": [ 80.998316, 82.044841, 83.352022, 86.084523 ] }, { "date": "2025-08-08", "close": 79.504674, "volume": 1134190, "typical_volume": 986992.7, "trend": 90.29576, "fair_value": 101.899641, "relative_strength": -29.075866, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.791087, "energy": 57.302103, "activity_lines": [ 79.975871, 81.489096, 82.855531, 85.340501 ] }, { "date": "2025-08-15", "close": 80.969028, "volume": 1005689, "typical_volume": 974089.75, "trend": 89.304826, "fair_value": 101.804023, "relative_strength": -27.540375, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.65333, "energy": 54.229902, "activity_lines": [ 79.914042, 81.264207, 82.56203, 84.738776 ] }, { "date": "2025-08-22", "close": 85.049696, "volume": 679099, "typical_volume": 953611.3, "trend": 88.451203, "fair_value": 101.761819, "relative_strength": -22.557801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.230473, "energy": 34.260748, "activity_lines": [ 81.558675, 81.837879, 82.709988, 84.464252 ] }, { "date": "2025-08-29", "close": 85.508527, "volume": 848088, "typical_volume": 935003.15, "trend": 87.647689, "fair_value": 101.773407, "relative_strength": -21.264541, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.94845, "energy": 12.530278, "activity_lines": [ 83.089414, 82.453263, 82.891889, 84.274402 ] }, { "date": "2025-09-05", "close": 83.682965, "volume": 587975, "typical_volume": 932396.1, "trend": 86.860363, "fair_value": 101.766448, "relative_strength": -23.048241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.061334, "energy": 17.291597, "activity_lines": [ 83.802717, 82.64709, 82.895539, 84.018613 ] }, { "date": "2025-09-12", "close": 80.724969, "volume": 880982, "typical_volume": 935077.05, "trend": 86.063727, "fair_value": 101.758239, "relative_strength": -26.481899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.341596, "energy": 19.651703, "activity_lines": [ 83.06338, 82.27754, 82.614642, 83.622781 ] }, { "date": "2025-09-19", "close": 77.659588, "volume": 1621610, "typical_volume": 976313.55, "trend": 85.320606, "fair_value": 101.721434, "relative_strength": -30.092012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.427766, "energy": 28.810819, "activity_lines": [ 81.220897, 81.457324, 82.070877, 83.080579 ] }, { "date": "2025-09-26", "close": 75.697353, "volume": 1282428, "typical_volume": 1002947.2, "trend": 84.510464, "fair_value": 101.692343, "relative_strength": -30.838881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.092253, "energy": 57.199497, "activity_lines": [ 78.944965, 80.434939, 81.395187, 82.459724 ] }, { "date": "2025-10-03", "close": 76.907886, "volume": 1235754, "typical_volume": 1007843.95, "trend": 83.830609, "fair_value": 101.678576, "relative_strength": -29.875317, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.714178, "energy": 65.162583, "activity_lines": [ 77.696034, 79.729918, 80.891116, 81.969235 ] }, { "date": "2025-10-10", "close": 72.163378, "volume": 859511, "typical_volume": 1011509.1, "trend": 83.074157, "fair_value": 101.604619, "relative_strength": -31.953513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.615722, "energy": 77.763588, "activity_lines": [ 75.438976, 78.261659, 79.978753, 81.21651 ] }, { "date": "2025-10-17", "close": 72.319576, "volume": 644259, "typical_volume": 1011349.65, "trend": 82.38996, "fair_value": 101.501824, "relative_strength": -32.705196, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.108003, "energy": 79.935485, "activity_lines": [ 74.001956, 76.903981, 79.135471, 80.522666 ] }, { "date": "2025-10-24", "close": 74.496583, "volume": 632316, "typical_volume": 1003630.75, "trend": 81.80444, "fair_value": 101.387289, "relative_strength": -31.476448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.904876, "energy": 71.80454, "activity_lines": [ 73.850965, 76.07276, 78.550659, 80.013416 ] }, { "date": "2025-10-31", "close": 71.831458, "volume": 896904, "typical_volume": 986247.0, "trend": 81.432121, "fair_value": 101.228293, "relative_strength": -34.465846, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.492512, "energy": 75.207026, "activity_lines": [ 73.022466, 74.874652, 77.757676, 79.369998 ] }, { "date": "2025-11-07", "close": 74.643018, "volume": 1299327, "typical_volume": 999359.15, "trend": 81.100655, "fair_value": 101.056942, "relative_strength": -28.90968, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.662063, "energy": 56.168914, "activity_lines": [ 73.38888, 74.428069, 77.284481, 78.931991 ] }, { "date": "2025-11-14", "close": 72.329338, "volume": 795793, "typical_volume": 961129.05, "trend": 80.742031, "fair_value": 100.850227, "relative_strength": -30.134528, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.583861, "energy": 49.517438, "activity_lines": [ 73.135059, 73.758371, 76.619199, 78.3661 ] }, { "date": "2025-11-21", "close": 71.276939, "volume": 1203503, "typical_volume": 979701.9, "trend": 80.223579, "fair_value": 100.635619, "relative_strength": -28.068815, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.011627, "energy": 52.123421, "activity_lines": [ 72.519373, 73.103757, 75.901059, 77.755449 ] }, { "date": "2025-11-28", "close": 73.875835, "volume": 1801307, "typical_volume": 1013904.85, "trend": 79.712782, "fair_value": 100.437126, "relative_strength": -28.078559, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.253466, "energy": 42.330622, "activity_lines": [ 72.839496, 73.093452, 75.503363, 77.345917 ] }, { "date": "2025-12-05", "close": 74.152523, "volume": 1179793, "typical_volume": 1032548.15, "trend": 79.266973, "fair_value": 100.264986, "relative_strength": -27.72426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.422539, "energy": 35.321289, "activity_lines": [ 73.293231, 73.20225, 75.190527, 76.987191 ] }, { "date": "2025-12-12", "close": 77.265269, "volume": 1701368, "typical_volume": 1072674.3, "trend": 78.97392, "fair_value": 100.13792, "relative_strength": -22.4492, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.475143, "energy": 21.436101, "activity_lines": [ 74.629811, 73.905089, 75.206974, 76.858048 ] }, { "date": "2025-12-19", "close": 76.711892, "volume": 2084198, "typical_volume": 1118704.7, "trend": 78.746106, "fair_value": 99.998127, "relative_strength": -22.687949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.919768, "energy": 21.022376, "activity_lines": [ 75.607114, 74.500816, 75.19505, 76.712111 ] }, { "date": "2025-12-26", "close": 77.472786, "volume": 396327, "typical_volume": 1081811.55, "trend": 78.559927, "fair_value": 99.873599, "relative_strength": -22.116627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.118636, "energy": 18.590597, "activity_lines": [ 76.545879, 75.152187, 75.255456, 76.629961 ] }, { "date": "2026-01-02", "close": 75.377858, "volume": 496009, "typical_volume": 1056327.55, "trend": 78.269748, "fair_value": 99.719821, "relative_strength": -22.129355, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.623722, "energy": 15.872404, "activity_lines": [ 76.373278, 75.328968, 75.12602, 76.424667 ] }, { "date": "2026-01-09", "close": 79.09339, "volume": 968464, "typical_volume": 1070795.8, "trend": 78.147676, "fair_value": 99.564255, "relative_strength": -19.314192, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.01271, "energy": 16.55292, "activity_lines": [ 77.339053, 76.165277, 75.377069, 76.477805 ] }, { "date": "2026-01-16", "close": 78.915519, "volume": 646768, "typical_volume": 1060729.8, "trend": 78.092243, "fair_value": 99.398552, "relative_strength": -17.927385, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.555923, "energy": 18.569181, "activity_lines": [ 77.916146, 76.83721, 75.639542, 76.527343 ] }, { "date": "2026-01-23", "close": 79.874047, "volume": 464626, "typical_volume": 1054562.35, "trend": 78.012138, "fair_value": 99.247084, "relative_strength": -16.27517, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.480581, "energy": 37.243087, "activity_lines": [ 78.702732, 77.60574, 76.024698, 76.642298 ] }, { "date": "2026-01-30", "close": 80.753521, "volume": 598903, "typical_volume": 1040458.4, "trend": 77.817517, "fair_value": 99.072571, "relative_strength": -14.366163, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.781092, "energy": 48.29495, "activity_lines": [ 79.571666, 78.396997, 76.511752, 76.819162 ] }, { "date": "2026-02-06", "close": 85.289236, "volume": 979730, "typical_volume": 1008364.4, "trend": 77.788405, "fair_value": 98.957145, "relative_strength": -6.960832, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.79687, "energy": 64.43464, "activity_lines": [ 81.733789, 79.840629, 77.430642, 77.301208 ] }, { "date": "2026-02-13", "close": 85.556043, "volume": 994612, "typical_volume": 993973.6, "trend": 77.938702, "fair_value": 98.80925, "relative_strength": -4.823017, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.719715, "energy": 68.950398, "activity_lines": [ 83.324089, 81.125254, 78.338611, 77.802346 ] }, { "date": "2026-02-20", "close": 80.259434, "volume": 1153801, "typical_volume": 989875.95, "trend": 77.868189, "fair_value": 98.662971, "relative_strength": -11.048521, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.526942, "energy": 60.09529, "activity_lines": [ 82.718009, 81.239522, 78.695195, 77.952071 ] }, { "date": "2026-02-27", "close": 75.67431, "volume": 1239103, "typical_volume": 1008855.55, "trend": 77.834555, "fair_value": 98.475645, "relative_strength": -15.11441, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 14.710236, "energy": 20.044872, "activity_lines": [ 80.493961, 80.465693, 78.59914, 77.81053 ] }, { "date": "2026-03-06", "close": 71.257176, "volume": 951107, "typical_volume": 1024197.95, "trend": 77.559638, "fair_value": 98.320633, "relative_strength": -18.206728, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.869356, "energy": 19.194302, "activity_lines": [ 77.077516, 78.907613, 78.065688, 77.386183 ] }, { "date": "2026-03-13", "close": 67.818333, "volume": 1386231, "typical_volume": 1061893.7, "trend": 77.121282, "fair_value": 98.151247, "relative_strength": -20.473495, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -47.661744, "energy": 43.418273, "activity_lines": [ 73.147881, 76.8373, 77.209785, 76.757712 ] }, { "date": "2026-03-20", "close": 65.110738, "volume": 1662597, "typical_volume": 1100178.35, "trend": 76.45665, "fair_value": 97.962753, "relative_strength": -21.252411, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.168191, "energy": 66.58439, "activity_lines": [ 69.48044, 74.412144, 76.127818, 75.982838 ] }, { "date": "2026-03-27", "close": 71.346111, "volume": 2210350, "typical_volume": 1145729.5, "trend": 75.984569, "fair_value": 97.800099, "relative_strength": -9.976936, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -53.270102, "energy": 66.729053, "activity_lines": [ 69.254478, 73.374921, 75.671699, 75.653126 ] }, { "date": "2026-04-03", "close": 72.917307, "volume": 977065, "typical_volume": 1154793.1, "trend": 75.625714, "fair_value": 97.650777, "relative_strength": -10.630984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.621784, "energy": 65.600878, "activity_lines": [ 70.146469, 72.760996, 75.380917, 75.455238 ] }, { "date": "2026-04-10", "close": 74.765191, "volume": 1046200, "typical_volume": 1146927.95, "trend": 75.427055, "fair_value": 97.488603, "relative_strength": -11.48904, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.079164, "energy": 35.833692, "activity_lines": [ 71.838222, 72.609536, 75.263324, 75.39972 ] }, { "date": "2026-04-17", "close": 75.288923, "volume": 959521, "typical_volume": 1104838.65, "trend": 75.348032, "fair_value": 97.341561, "relative_strength": -15.209971, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -8.62599, "energy": 8.067738, "activity_lines": [ 73.470684, 72.662179, 75.179, 75.390809 ] }, { "date": "2026-04-24", "close": 76.237569, "volume": 694142, "typical_volume": 1080556.1, "trend": 75.36604, "fair_value": 97.216543, "relative_strength": -15.162383, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 2.209664, "energy": 10.594098, "activity_lines": [ 74.921322, 73.069126, 75.178294, 75.448198 ] }, { "date": "2026-05-01", "close": 75.921354, "volume": 981407, "typical_volume": 1044558.05, "trend": 75.333155, "fair_value": 97.101273, "relative_strength": -15.959184, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.690013, "energy": 12.738602, "activity_lines": [ 75.524767, 73.588007, 75.137544, 75.484025 ] }, { "date": "2026-05-08", "close": 79.597358, "volume": 1439847, "typical_volume": 1012340.5, "trend": 75.580955, "fair_value": 97.024664, "relative_strength": -15.659198, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.678948, "energy": 20.980192, "activity_lines": [ 77.04853, 74.854127, 75.453289, 75.759135 ] }, { "date": "2026-05-15", "close": 77.225742, "volume": 1376173, "typical_volume": 1061332.8, "trend": 75.744493, "fair_value": 96.919507, "relative_strength": -17.226595, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.2411, "energy": 19.803728, "activity_lines": [ 77.336418, 75.617715, 75.529425, 75.86525 ] }, { "date": "2026-05-22", "close": 79.58, "volume": 939085, "typical_volume": 1083486.6, "trend": 75.913941, "fair_value": 96.852184, "relative_strength": -15.059443, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 31.475939, "energy": 29.601648, "activity_lines": [ 78.245021, 76.700831, 75.830953, 76.112702 ] }, { "date": "2026-05-29", "close": 82.94, "volume": 693851, "typical_volume": 1069755.95, "trend": 76.284225, "fair_value": 96.778427, "relative_strength": -13.347686, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 63.07933, "energy": 57.654767, "activity_lines": [ 79.987553, 78.181007, 76.432471, 76.565996 ] }, { "date": "2026-06-05", "close": 80.68, "volume": 936056, "typical_volume": 1084220.35, "trend": 76.485458, "fair_value": 96.687751, "relative_strength": -11.142875, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.850451, "energy": 53.80136, "activity_lines": [ 80.529923, 78.926106, 76.800433, 76.849594 ] }, { "date": "2026-06-12", "close": 86.59, "volume": 925472, "typical_volume": 1107262.65, "trend": 76.960813, "fair_value": 96.628209, "relative_strength": -6.260112, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.38209, "energy": 75.077527, "activity_lines": [ 82.725049, 80.576044, 77.72285, 77.5015 ] }, { "date": "2026-06-19", "close": 82.73, "volume": 909104, "typical_volume": 1122772.7, "trend": 77.342582, "fair_value": 96.568369, "relative_strength": -12.219147, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.772888, "energy": 68.432739, "activity_lines": [ 83.167333, 81.275568, 78.245668, 77.873706 ] }, { "date": "2026-06-26", "close": 82.63, "volume": 1396718, "typical_volume": 1143622.1, "trend": 77.634388, "fair_value": 96.487274, "relative_strength": -7.725212, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.941326, "energy": 62.937944, "activity_lines": [ 83.209333, 81.812097, 78.749549, 78.21483 ] }, { "date": "2026-07-03", "close": 83.1, "volume": 708919, "typical_volume": 1129337.45, "trend": 77.932637, "fair_value": 96.418252, "relative_strength": -7.435426, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.938488, "energy": 56.294789, "activity_lines": [ 83.204667, 82.300605, 79.310856, 78.56745 ] }, { "date": "2026-07-10", "close": 81.62, "volume": 680001, "typical_volume": 1105647.45, "trend": 78.077795, "fair_value": 96.325939, "relative_strength": -10.104249, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.723691, "energy": 35.991506, "activity_lines": [ 82.696, 82.395252, 79.742906, 78.805344 ] }, { "date": "2026-07-17", "close": 84.25, "volume": 677068, "typical_volume": 1077545.7, "trend": 78.329065, "fair_value": 96.224337, "relative_strength": -2.825104, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.879513, "energy": 38.407032, "activity_lines": [ 83.001333, 82.864468, 80.418953, 79.203551 ] }, { "date": "2026-07-24", "close": 84.76, "volume": 710463, "typical_volume": 1065513.5, "trend": 78.571972, "fair_value": 96.124302, "relative_strength": -0.311054, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.553788, "energy": 39.754967, "activity_lines": [ 83.632667, 83.341818, 81.102735, 79.61845 ] }, { "date": "2026-07-31", "close": 85.98, "volume": 813846, "typical_volume": 1036894.25, "trend": 78.925377, "fair_value": 96.024668, "relative_strength": 0.789305, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.604116, "energy": 43.795741, "activity_lines": [ 84.535333, 83.904, 81.838408, 80.096387 ] }, { "date": "2026-08-07", "close": 92.44, "volume": 1170330, "typical_volume": 1012280.9, "trend": 79.370264, "fair_value": 95.959937, "relative_strength": 3.287263, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.027273, "energy": 76.477159, "activity_lines": [ 87.368, 85.524364, 83.102835, 80.968299 ] } ], "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." } } }