{ "ticker": { "uuid": "9a03ff2f-ba21-4430-830f-e3ef2bcce355", "symbol": "ACM", "name": "Aecom Technology Corporation", "exchange": "NYSE", "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": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -38.892, "architecture_energy": 22.76, "architecture_maturity": 100.0, "architecture_confidence": 78.21, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 38.28, "rotation_up": 27.75, "upward_expansion": 20.37, "deceleration": 46.73, "rotation_down": 29.74, "downward_expansion": 61.37 }, "activity_lines": [ 72.351333, 70.89583, 72.13829, 75.867566 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 75.84, "trend_reference": 81.538555, "distance_from_trend": -0.069888, "trend_direction": "Weakening", "fair_value": 95.69957, "distance_from_fair_value": -0.20752, "fair_value_direction": "Weakening", "relative_strength": -30.850903, "relative_strength_direction": "Improving", "price_momentum": -0.246617, "excess_performance": -0.372241, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.069888, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.125984, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.20752, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.037186, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.308509, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.028052, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.246617, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.233492, "read": "Demand-led" } ], "volume": { "latest": 5793713, "relative_activity": 0.697014, "balance": 1.233492, "dry_up": 0.887938, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.066535, "annualized_volatility": 0.361645, "from_high_reference": -0.436586, "from_low_reference": 0.144237 }, "levels": { "trend_reference": 81.538555, "fair_value_reference": 95.69957, "structural_low": 66.28, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.003458, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.024716, "regime_survival": 0.666667, "best_return": 0.135973, "worst_return": -0.127781, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.11768, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.06641, "regime_survival": 0.285714, "best_return": 0.231215, "worst_return": -0.200331, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.243782, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.205786, "regime_survival": 0.2, "best_return": 0.403664, "worst_return": -0.292542, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.247112, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.125414, "regime_survival": 0.333333, "best_return": 0.383986, "worst_return": 0.036111, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-05-03", "tenure": "Developing", "return": 0.036711, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-05-10", "end": "2024-05-31", "tenure": "New", "return": -0.061365, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-06-07", "end": "2024-06-28", "tenure": "New", "return": 0.027273, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-07-05", "end": "2024-07-26", "tenure": "New", "return": 0.068569, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-08-16", "tenure": "New", "return": 0.093651, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-23", "end": "2024-08-30", "tenure": "New", "return": 0.020171, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-12-27", "tenure": "Established", "return": 0.147393, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-21", "tenure": "Developing", "return": -0.094942, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-28", "end": "2025-03-21", "tenure": "New", "return": -0.05947, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-28", "end": "2025-05-16", "tenure": "Developing", "return": 0.185074, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": 0.078187, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-14", "tenure": "Established", "return": 0.169051, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2025-12-26", "tenure": "Developing", "return": -0.059119, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-02", "end": "2026-08-07", "tenure": "Extended", "return": -0.207948, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 84.501494, "volume": 3086554, "typical_volume": 3891715.5, "trend": 82.112708, "fair_value": 66.833383, "relative_strength": -1.435749, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 55.166825, "energy": 35.224289, "activity_lines": [ 84.942366, 84.565725, 82.788158, 82.174172 ] }, { "date": "2023-08-25", "close": 84.482044, "volume": 2858994, "typical_volume": 3854405.7, "trend": 82.154518, "fair_value": 67.13396, "relative_strength": -2.321024, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.226292, "energy": 31.555928, "activity_lines": [ 84.75305, 84.621791, 83.077328, 82.327033 ] }, { "date": "2023-09-01", "close": 86.135313, "volume": 3363097, "typical_volume": 3867695.95, "trend": 82.196887, "fair_value": 67.450419, "relative_strength": -2.998172, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.169519, "energy": 36.834709, "activity_lines": [ 85.216614, 84.971683, 83.492603, 82.583858 ] }, { "date": "2023-09-08", "close": 82.537022, "volume": 2183286, "typical_volume": 3859503.95, "trend": 82.049271, "fair_value": 67.744302, "relative_strength": -5.90563, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 36.011534, "energy": 20.30958, "activity_lines": [ 84.37831, 84.600867, 83.537284, 82.605802 ] }, { "date": "2023-09-15", "close": 81.622861, "volume": 4698017, "typical_volume": 3966795.1, "trend": 81.88474, "fair_value": 68.022006, "relative_strength": -6.856861, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 22.622068, "energy": 14.130765, "activity_lines": [ 83.342261, 84.057499, 83.482427, 82.578292 ] }, { "date": "2023-09-22", "close": 79.75564, "volume": 4143654, "typical_volume": 4010261.65, "trend": 81.730592, "fair_value": 68.291242, "relative_strength": -6.278476, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -4.357493, "energy": 13.083283, "activity_lines": [ 81.975559, 83.207878, 83.244854, 82.440931 ] }, { "date": "2023-09-29", "close": 80.757326, "volume": 3500515, "typical_volume": 3914717.65, "trend": 81.526881, "fair_value": 68.538336, "relative_strength": -4.461766, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.161831, "energy": 24.695551, "activity_lines": [ 81.259142, 82.622249, 83.109687, 82.378139 ] }, { "date": "2023-10-06", "close": 79.962356, "volume": 2701134, "typical_volume": 3879006.15, "trend": 81.472583, "fair_value": 68.767374, "relative_strength": -5.774366, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.318886, "energy": 30.851054, "activity_lines": [ 80.52605, 81.987563, 82.875354, 82.277202 ] }, { "date": "2023-10-13", "close": 78.705025, "volume": 2170957, "typical_volume": 3779114.1, "trend": 81.437702, "fair_value": 68.986631, "relative_strength": -7.627958, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.961443, "energy": 43.096549, "activity_lines": [ 79.785378, 81.20857, 82.506873, 82.09865 ] }, { "date": "2023-10-20", "close": 76.005174, "volume": 3317841, "typical_volume": 3469257.5, "trend": 81.350913, "fair_value": 69.18895, "relative_strength": -8.548081, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.626453, "energy": 52.322768, "activity_lines": [ 78.400222, 80.037543, 81.86259, 81.748164 ] }, { "date": "2023-10-27", "close": 72.915454, "volume": 2692570, "typical_volume": 3358652.1, "trend": 81.059782, "fair_value": 69.380923, "relative_strength": -9.904439, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.050063, "energy": 67.364493, "activity_lines": [ 76.359672, 78.486457, 80.936439, 81.203941 ] }, { "date": "2023-11-03", "close": 77.00909, "volume": 2637992, "typical_volume": 3172907.25, "trend": 81.030126, "fair_value": 69.592012, "relative_strength": -9.919845, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.83319, "energy": 66.358463, "activity_lines": [ 76.13968, 77.890324, 80.439138, 80.942606 ] }, { "date": "2023-11-10", "close": 78.276168, "volume": 3379952, "typical_volume": 3163470.4, "trend": 80.963451, "fair_value": 69.789663, "relative_strength": -9.547508, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.982052, "energy": 61.325482, "activity_lines": [ 76.591929, 77.660441, 80.096324, 80.764932 ] }, { "date": "2023-11-17", "close": 84.777252, "volume": 5293821, "typical_volume": 3189892.35, "trend": 81.125449, "fair_value": 70.024564, "relative_strength": -4.154484, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.643278, "energy": 16.562298, "activity_lines": [ 79.323619, 78.755466, 80.392675, 81.010983 ] }, { "date": "2023-11-24", "close": 85.371803, "volume": 2152571, "typical_volume": 3153377.2, "trend": 81.28462, "fair_value": 70.250685, "relative_strength": -4.27247, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.60402, "energy": 24.471596, "activity_lines": [ 81.848677, 79.91786, 80.733322, 81.284942 ] }, { "date": "2023-12-01", "close": 87.27242, "volume": 5359832, "typical_volume": 3285409.8, "trend": 81.486119, "fair_value": 70.494824, "relative_strength": -2.787819, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.541785, "energy": 40.862547, "activity_lines": [ 84.382833, 81.357659, 81.245834, 81.671251 ] }, { "date": "2023-12-08", "close": 88.919621, "volume": 3608272, "typical_volume": 3346770.95, "trend": 81.922383, "fair_value": 70.768933, "relative_strength": -1.036784, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.618907, "energy": 51.896866, "activity_lines": [ 86.508924, 82.96028, 81.90087, 82.150832 ] }, { "date": "2023-12-15", "close": 89.94303, "volume": 5918148, "typical_volume": 3521328.3, "trend": 82.355883, "fair_value": 71.051998, "relative_strength": -2.047803, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.5564, "energy": 77.009404, "activity_lines": [ 88.182117, 84.600569, 82.639513, 82.668293 ] }, { "date": "2023-12-22", "close": 89.757842, "volume": 3394972, "typical_volume": 3556512.45, "trend": 82.855024, "fair_value": 71.328471, "relative_strength": -2.878704, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.75328, "energy": 80.215441, "activity_lines": [ 89.015789, 86.025722, 83.335069, 83.145839 ] }, { "date": "2023-12-29", "close": 90.089232, "volume": 1547097, "typical_volume": 3400463.8, "trend": 83.237758, "fair_value": 71.600187, "relative_strength": -2.588564, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.340093, "energy": 79.552657, "activity_lines": [ 89.627885, 87.310167, 84.035443, 83.612562 ] }, { "date": "2024-01-05", "close": 86.686533, "volume": 2733672, "typical_volume": 3382819.7, "trend": 83.423933, "fair_value": 71.822328, "relative_strength": -4.547948, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.849919, "energy": 59.015077, "activity_lines": [ 88.791253, 87.719865, 84.392274, 83.835064 ] }, { "date": "2024-01-12", "close": 88.435506, "volume": 4327209, "typical_volume": 3456230.45, "trend": 83.568126, "fair_value": 72.05918, "relative_strength": -4.149178, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.395753, "energy": 45.919237, "activity_lines": [ 88.576671, 88.197176, 84.905269, 84.158391 ] }, { "date": "2024-01-19", "close": 86.471575, "volume": 2724681, "typical_volume": 3424309.65, "trend": 83.7012, "fair_value": 72.283751, "relative_strength": -7.060584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.651233, "energy": 34.412736, "activity_lines": [ 87.73972, 88.109654, 85.212397, 84.34571 ] }, { "date": "2024-01-26", "close": 87.311864, "volume": 2582100, "typical_volume": 3444250.35, "trend": 83.871988, "fair_value": 72.535699, "relative_strength": -6.845371, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.68095, "energy": 26.224882, "activity_lines": [ 87.414296, 88.025906, 85.597951, 84.578656 ] }, { "date": "2024-02-02", "close": 88.171694, "volume": 5494938, "typical_volume": 3484096.4, "trend": 84.029339, "fair_value": 72.766929, "relative_strength": -6.963957, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.148697, "energy": 28.401774, "activity_lines": [ 87.538546, 88.052406, 86.042656, 84.856057 ] }, { "date": "2024-02-09", "close": 87.487738, "volume": 5235659, "typical_volume": 3538696.65, "trend": 84.136984, "fair_value": 72.98364, "relative_strength": -8.563596, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.823824, "energy": 23.814529, "activity_lines": [ 87.562648, 87.903644, 86.391038, 85.079179 ] }, { "date": "2024-02-16", "close": 87.14576, "volume": 2926916, "typical_volume": 3510016.7, "trend": 84.17488, "fair_value": 73.191156, "relative_strength": -8.230783, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.051286, "energy": 25.498271, "activity_lines": [ 87.419342, 87.688788, 86.670031, 85.273294 ] }, { "date": "2024-02-23", "close": 87.477968, "volume": 2244797, "typical_volume": 3487199.85, "trend": 84.270854, "fair_value": 73.396318, "relative_strength": -8.989738, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.965369, "energy": 24.421882, "activity_lines": [ 87.472756, 87.566587, 86.950241, 85.486396 ] }, { "date": "2024-03-01", "close": 87.331406, "volume": 3350494, "typical_volume": 3546176.7, "trend": 84.377179, "fair_value": 73.598267, "relative_strength": -9.587773, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.958178, "energy": 21.477705, "activity_lines": [ 87.410223, 87.462557, 87.180705, 85.683851 ] }, { "date": "2024-03-08", "close": 89.627544, "volume": 3152903, "typical_volume": 3537929.8, "trend": 84.498125, "fair_value": 73.787662, "relative_strength": -6.629034, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.938776, "energy": 34.625842, "activity_lines": [ 88.111767, 87.820123, 87.588771, 86.022584 ] }, { "date": "2024-03-15", "close": 89.480982, "volume": 4451060, "typical_volume": 3625854.3, "trend": 84.664108, "fair_value": 73.980786, "relative_strength": -6.422252, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.390357, "energy": 38.495008, "activity_lines": [ 88.6674, 88.159437, 87.918009, 86.344059 ] }, { "date": "2024-03-22", "close": 95.372774, "volume": 5022620, "typical_volume": 3745085.7, "trend": 85.027132, "fair_value": 74.196322, "relative_strength": -2.252559, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.600549, "energy": 75.522788, "activity_lines": [ 91.054081, 89.519177, 88.729488, 87.034941 ] }, { "date": "2024-03-29", "close": 95.832001, "volume": 3493794, "typical_volume": 3750777.8, "trend": 85.350355, "fair_value": 74.415169, "relative_strength": -1.938382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.764647, "energy": 83.841394, "activity_lines": [ 93.045369, 90.83628, 89.497256, 87.732029 ] }, { "date": "2024-04-05", "close": 95.157816, "volume": 2774855, "typical_volume": 3624829.5, "trend": 85.771049, "fair_value": 74.618025, "relative_strength": -1.659629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.367925, "energy": 84.822389, "activity_lines": [ 94.254994, 91.860615, 90.117217, 88.364768 ] }, { "date": "2024-04-12", "close": 91.464454, "volume": 2041509, "typical_volume": 3619276.4, "trend": 86.099102, "fair_value": 74.792474, "relative_strength": -3.891576, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.264823, "energy": 76.255187, "activity_lines": [ 93.711738, 92.070777, 90.335997, 88.732085 ] }, { "date": "2024-04-19", "close": 91.210413, "volume": 3795767, "typical_volume": 3541073.15, "trend": 86.480927, "fair_value": 74.963453, "relative_strength": -0.993856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.646141, "energy": 48.587635, "activity_lines": [ 92.96134, 92.17488, 90.501571, 89.061847 ] }, { "date": "2024-04-26", "close": 92.109716, "volume": 3086262, "typical_volume": 3514972.65, "trend": 86.85934, "fair_value": 75.145848, "relative_strength": -2.439646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.417486, "energy": 35.926566, "activity_lines": [ 92.395415, 92.374808, 90.734041, 89.424994 ] }, { "date": "2024-05-03", "close": 92.765893, "volume": 2637921, "typical_volume": 3350961.3, "trend": 87.286125, "fair_value": 75.315986, "relative_strength": -2.141669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.803746, "energy": 25.150815, "activity_lines": [ 92.265753, 92.603787, 91.013812, 89.806062 ] }, { "date": "2024-05-10", "close": 91.130346, "volume": 5216378, "typical_volume": 3442031.6, "trend": 87.700302, "fair_value": 75.489462, "relative_strength": -5.512491, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.765517, "energy": 20.849405, "activity_lines": [ 91.795315, 92.43925, 91.124375, 90.054077 ] }, { "date": "2024-05-17", "close": 87.771108, "volume": 3129800, "typical_volume": 3521166.75, "trend": 88.0925, "fair_value": 75.655163, "relative_strength": -10.282644, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.307718, "energy": 12.282388, "activity_lines": [ 90.47363, 91.594871, 90.908475, 90.058645 ] }, { "date": "2024-05-24", "close": 87.163899, "volume": 3262033, "typical_volume": 3547584.8, "trend": 88.567448, "fair_value": 75.814576, "relative_strength": -10.752953, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.480383, "energy": 15.241311, "activity_lines": [ 89.195764, 90.673843, 90.645784, 89.998735 ] }, { "date": "2024-05-31", "close": 85.538145, "volume": 6464030, "typical_volume": 3654425.85, "trend": 88.85175, "fair_value": 75.965472, "relative_strength": -11.851641, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.17476, "energy": 32.441557, "activity_lines": [ 87.645749, 89.499353, 90.225986, 89.803296 ] }, { "date": "2024-06-07", "close": 84.029916, "volume": 3664949, "typical_volume": 3701439.25, "trend": 89.043542, "fair_value": 76.107129, "relative_strength": -14.177274, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.116857, "energy": 52.741611, "activity_lines": [ 86.031095, 88.229451, 89.676344, 89.49221 ] }, { "date": "2024-06-14", "close": 84.803618, "volume": 3379614, "typical_volume": 3741314.95, "trend": 89.044421, "fair_value": 76.282617, "relative_strength": -14.452548, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.761131, "energy": 59.924949, "activity_lines": [ 85.25674, 87.314805, 89.212015, 89.218666 ] }, { "date": "2024-06-21", "close": 87.927807, "volume": 2855825, "typical_volume": 3609359.3, "trend": 89.129621, "fair_value": 76.453561, "relative_strength": -11.57431, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.361687, "energy": 53.417613, "activity_lines": [ 85.945563, 87.156451, 89.057172, 89.146627 ] }, { "date": "2024-06-28", "close": 86.321641, "volume": 4653615, "typical_volume": 3580257.1, "trend": 89.097928, "fair_value": 76.621948, "relative_strength": -12.873554, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -57.719671, "energy": 45.336459, "activity_lines": [ 86.088551, 86.77037, 88.750522, 88.965467 ] }, { "date": "2024-07-05", "close": 82.907167, "volume": 3347472, "typical_volume": 3601284.9, "trend": 88.897513, "fair_value": 76.763719, "relative_strength": -17.513048, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.581817, "energy": 44.744861, "activity_lines": [ 85.149531, 85.852363, 88.124237, 88.566063 ] }, { "date": "2024-07-12", "close": 85.577791, "volume": 4156858, "typical_volume": 3696887.95, "trend": 88.752005, "fair_value": 76.942203, "relative_strength": -15.333746, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.103428, "energy": 34.410438, "activity_lines": [ 85.276119, 85.587242, 87.772481, 88.351887 ] }, { "date": "2024-07-19", "close": 87.541485, "volume": 3839381, "typical_volume": 3721332.3, "trend": 88.678126, "fair_value": 77.118779, "relative_strength": -11.33986, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.547347, "energy": 27.341697, "activity_lines": [ 85.954079, 85.80985, 87.616792, 88.273789 ] }, { "date": "2024-07-26", "close": 88.592061, "volume": 4138029, "typical_volume": 3770588.6, "trend": 88.628221, "fair_value": 77.299939, "relative_strength": -9.283204, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.447545, "energy": 18.978241, "activity_lines": [ 86.799706, 86.288723, 87.560157, 88.268237 ] }, { "date": "2024-08-02", "close": 86.598912, "volume": 3950237, "typical_volume": 3745547.45, "trend": 88.6253, "fair_value": 77.470227, "relative_strength": -9.126597, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.577637, "energy": 16.491086, "activity_lines": [ 86.936667, 86.390279, 87.318629, 88.137314 ] }, { "date": "2024-08-09", "close": 94.82679, "volume": 9110822, "typical_volume": 3949957.55, "trend": 88.838343, "fair_value": 77.686747, "relative_strength": -0.318866, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 30.452201, "energy": 25.329987, "activity_lines": [ 89.797769, 87.998086, 87.874433, 88.53741 ] }, { "date": "2024-08-16", "close": 94.708969, "volume": 3733885, "typical_volume": 3961962.1, "trend": 89.112923, "fair_value": 77.908592, "relative_strength": -4.008672, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.395081, "energy": 37.126767, "activity_lines": [ 91.824957, 89.415586, 88.421616, 88.91616 ] }, { "date": "2024-08-23", "close": 96.378109, "volume": 1955095, "typical_volume": 3920974.1, "trend": 89.415131, "fair_value": 78.115953, "relative_strength": -3.433091, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.39555, "energy": 55.544032, "activity_lines": [ 93.799778, 90.942401, 89.133113, 89.384881 ] }, { "date": "2024-08-30", "close": 98.322166, "volume": 5132901, "typical_volume": 4075543.7, "trend": 89.75348, "fair_value": 78.335836, "relative_strength": -1.551781, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.777188, "energy": 78.41087, "activity_lines": [ 95.833511, 92.612236, 90.023946, 89.959529 ] }, { "date": "2024-09-06", "close": 92.342717, "volume": 2933183, "typical_volume": 4032414.5, "trend": 89.915312, "fair_value": 78.526604, "relative_strength": -3.370578, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.813449, "energy": 66.024096, "activity_lines": [ 95.22542, 93.00591, 90.312653, 90.126576 ] }, { "date": "2024-09-13", "close": 96.044281, "volume": 3121779, "typical_volume": 4034190.35, "trend": 90.21193, "fair_value": 78.740609, "relative_strength": -3.209584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.941165, "energy": 56.992881, "activity_lines": [ 95.468264, 93.963122, 90.948497, 90.521994 ] }, { "date": "2024-09-20", "close": 99.353105, "volume": 5254689, "typical_volume": 4165028.75, "trend": 90.607768, "fair_value": 78.965934, "relative_strength": -1.138562, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.258588, "energy": 55.316882, "activity_lines": [ 96.732883, 95.283081, 91.880732, 91.111747 ] }, { "date": "2024-09-27", "close": 101.356073, "volume": 5158088, "typical_volume": 4162114.25, "trend": 91.075257, "fair_value": 79.209381, "relative_strength": 0.440394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.322234, "energy": 54.010581, "activity_lines": [ 98.355549, 96.716757, 92.972358, 91.805186 ] }, { "date": "2024-10-04", "close": 102.076571, "volume": 3741439, "typical_volume": 4192696.2, "trend": 91.490224, "fair_value": 79.471023, "relative_strength": 1.003657, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.285583, "energy": 71.829439, "activity_lines": [ 99.886516, 98.030257, 94.083909, 92.514948 ] }, { "date": "2024-10-11", "close": 104.123219, "volume": 3140562, "typical_volume": 4186622.65, "trend": 91.978299, "fair_value": 79.748425, "relative_strength": 1.91354, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.776501, "energy": 82.118929, "activity_lines": [ 101.849406, 99.470703, 95.322257, 93.32998 ] }, { "date": "2024-10-18", "close": 106.160028, "volume": 3050520, "typical_volume": 4015947.15, "trend": 92.337874, "fair_value": 80.012777, "relative_strength": 3.031274, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.931433, "energy": 86.972061, "activity_lines": [ 103.705865, 100.962853, 96.673829, 94.24493 ] }, { "date": "2024-10-25", "close": 102.814545, "volume": 2032407, "typical_volume": 3934320.05, "trend": 92.570625, "fair_value": 80.251876, "relative_strength": 0.767141, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.806427, "energy": 77.575109, "activity_lines": [ 103.772781, 101.640675, 97.608583, 94.920845 ] }, { "date": "2024-11-01", "close": 106.66185, "volume": 3709235, "typical_volume": 3950801.1, "trend": 92.954093, "fair_value": 80.505993, "relative_strength": 5.918847, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.716046, "energy": 79.187399, "activity_lines": [ 104.891368, 102.870633, 98.820297, 95.829956 ] }, { "date": "2024-11-08", "close": 108.619941, "volume": 4650661, "typical_volume": 4040542.9, "trend": 93.525943, "fair_value": 80.767563, "relative_strength": 2.950674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.597414, "energy": 82.426077, "activity_lines": [ 106.308934, 104.26963, 100.114409, 96.840656 ] }, { "date": "2024-11-15", "close": 105.215421, "volume": 5387920, "typical_volume": 4077258.15, "trend": 93.992776, "fair_value": 80.993428, "relative_strength": 1.963922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.058621, "energy": 56.061752, "activity_lines": [ 106.155436, 104.862392, 100.985747, 97.594816 ] }, { "date": "2024-11-22", "close": 114.445016, "volume": 6379787, "typical_volume": 4228873.9, "trend": 94.737286, "fair_value": 81.284046, "relative_strength": 9.065216, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.920456, "energy": 68.742978, "activity_lines": [ 109.005655, 106.899212, 102.646124, 98.914315 ] }, { "date": "2024-11-29", "close": 115.094434, "volume": 3802112, "typical_volume": 4211136.6, "trend": 95.481571, "fair_value": 81.593876, "relative_strength": 8.422235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.46776, "energy": 79.143483, "activity_lines": [ 111.520015, 108.71955, 104.21817, 100.227679 ] }, { "date": "2024-12-06", "close": 111.926065, "volume": 3610455, "typical_volume": 4199690.3, "trend": 96.174762, "fair_value": 81.862819, "relative_strength": 4.658668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.103614, "energy": 63.593196, "activity_lines": [ 112.159593, 109.677615, 105.347911, 101.288615 ] }, { "date": "2024-12-13", "close": 109.721982, "volume": 3416695, "typical_volume": 4163623.6, "trend": 96.906457, "fair_value": 82.115299, "relative_strength": 3.342937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.546589, "energy": 67.641074, "activity_lines": [ 111.713528, 110.042755, 106.151622, 102.162629 ] }, { "date": "2024-12-20", "close": 106.258424, "volume": 5784319, "typical_volume": 4255327.7, "trend": 97.542942, "fair_value": 82.330466, "relative_strength": 2.088451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.322026, "energy": 48.820585, "activity_lines": [ 110.039475, 109.63915, 106.524852, 102.765981 ] }, { "date": "2024-12-27", "close": 105.953395, "volume": 1157042, "typical_volume": 3857638.7, "trend": 98.22345, "fair_value": 82.534525, "relative_strength": 1.288759, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.296234, "energy": 29.894047, "activity_lines": [ 108.194212, 109.141264, 106.775415, 103.308591 ] }, { "date": "2025-01-03", "close": 106.281593, "volume": 1936524, "typical_volume": 3767770.65, "trend": 98.965173, "fair_value": 82.757374, "relative_strength": 2.218172, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.106688, "energy": 24.549435, "activity_lines": [ 107.024456, 108.706807, 107.004251, 103.828472 ] }, { "date": "2025-01-10", "close": 104.427214, "volume": 3342641, "typical_volume": 3837147.95, "trend": 99.619292, "fair_value": 82.972214, "relative_strength": 2.507325, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.778392, "energy": 24.611539, "activity_lines": [ 105.824097, 107.872153, 107.001372, 104.180861 ] }, { "date": "2025-01-17", "close": 107.445512, "volume": 7667169, "typical_volume": 3963861.35, "trend": 100.269883, "fair_value": 83.234773, "relative_strength": 2.473341, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.89636, "energy": 19.973134, "activity_lines": [ 106.129761, 107.62691, 107.24762, 104.685779 ] }, { "date": "2025-01-24", "close": 107.662514, "volume": 3001571, "typical_volume": 3967280.75, "trend": 100.981245, "fair_value": 83.504817, "relative_strength": 0.973615, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.43528, "energy": 13.034145, "activity_lines": [ 106.659523, 107.442475, 107.471091, 105.162723 ] }, { "date": "2025-01-31", "close": 104.003074, "volume": 4746116, "typical_volume": 4048497.6, "trend": 101.684442, "fair_value": 83.745371, "relative_strength": -1.377011, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.847946, "energy": 9.263973, "activity_lines": [ 105.875866, 106.548195, 107.273093, 105.357679 ] }, { "date": "2025-02-07", "close": 105.699634, "volume": 5437510, "typical_volume": 4057638.65, "trend": 102.35517, "fair_value": 83.977352, "relative_strength": 0.416373, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.262094, "energy": 8.794129, "activity_lines": [ 105.78775, 106.152233, 107.198772, 105.616724 ] }, { "date": "2025-02-14", "close": 99.041622, "volume": 4403011, "typical_volume": 4019884.8, "trend": 102.738508, "fair_value": 84.164685, "relative_strength": -7.141668, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -12.972798, "energy": 19.35459, "activity_lines": [ 103.519094, 104.716539, 106.460134, 105.402947 ] }, { "date": "2025-02-21", "close": 96.191007, "volume": 3733042, "typical_volume": 4019464.95, "trend": 102.991806, "fair_value": 84.323712, "relative_strength": -8.204613, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.488447, "energy": 58.464393, "activity_lines": [ 100.659272, 102.996814, 105.461029, 104.980527 ] }, { "date": "2025-02-28", "close": 98.686528, "volume": 7564729, "typical_volume": 4240673.3, "trend": 103.394727, "fair_value": 84.524278, "relative_strength": -4.84333, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.598431, "energy": 56.395367, "activity_lines": [ 99.381592, 101.976837, 104.72762, 104.702767 ] }, { "date": "2025-03-07", "close": 95.727412, "volume": 5232375, "typical_volume": 4349766.05, "trend": 103.424747, "fair_value": 84.664271, "relative_strength": -4.652624, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.718667, "energy": 67.605152, "activity_lines": [ 97.715938, 100.55651, 103.738279, 104.208102 ] }, { "date": "2025-03-14", "close": 93.784259, "volume": 4822079, "typical_volume": 4489249.65, "trend": 103.393924, "fair_value": 84.785099, "relative_strength": -4.300546, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.829211, "energy": 69.358448, "activity_lines": [ 95.954278, 98.96881, 102.613556, 103.586135 ] }, { "date": "2025-03-21", "close": 92.817614, "volume": 6003773, "typical_volume": 4603976.55, "trend": 103.275241, "fair_value": 84.890438, "relative_strength": -5.551125, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.270126, "energy": 78.16887, "activity_lines": [ 94.66476, 97.43258, 101.439772, 102.903792 ] }, { "date": "2025-03-28", "close": 91.278874, "volume": 4468409, "typical_volume": 4594863.95, "trend": 103.040464, "fair_value": 84.997976, "relative_strength": -5.504381, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.067988, "energy": 79.519544, "activity_lines": [ 93.277264, 95.827663, 100.185366, 102.129833 ] }, { "date": "2025-04-04", "close": 88.272532, "volume": 6504507, "typical_volume": 4650693.3, "trend": 102.904791, "fair_value": 85.098118, "relative_strength": 0.619337, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.044311, "energy": 79.505183, "activity_lines": [ 91.215129, 93.970077, 98.727219, 101.177064 ] }, { "date": "2025-04-11", "close": 92.683686, "volume": 7542637, "typical_volume": 4708835.8, "trend": 102.792771, "fair_value": 85.22185, "relative_strength": 0.062396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.913084, "energy": 54.688574, "activity_lines": [ 91.317644, 93.267065, 97.769862, 100.517637 ] }, { "date": "2025-04-18", "close": 93.326567, "volume": 5608495, "typical_volume": 4799154.95, "trend": 102.591887, "fair_value": 85.37252, "relative_strength": 2.302663, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.343795, "energy": 49.881185, "activity_lines": [ 91.837369, 92.886747, 96.977357, 99.906914 ] }, { "date": "2025-04-25", "close": 96.27393, "volume": 3615704, "typical_volume": 4799417.4, "trend": 102.422482, "fair_value": 85.55454, "relative_strength": 0.987014, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.675346, "energy": 35.754583, "activity_lines": [ 93.370061, 93.267278, 96.56921, 99.499304 ] }, { "date": "2025-05-02", "close": 101.229061, "volume": 4350143, "typical_volume": 4846089.8, "trend": 102.394232, "fair_value": 85.764561, "relative_strength": 3.223372, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.185359, "energy": 18.745238, "activity_lines": [ 96.324042, 94.599063, 96.707514, 99.422309 ] }, { "date": "2025-05-09", "close": 103.503871, "volume": 4525490, "typical_volume": 4783148.35, "trend": 102.373587, "fair_value": 86.017655, "relative_strength": 5.922388, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.097481, "energy": 18.206654, "activity_lines": [ 99.372947, 96.252849, 97.102909, 99.493899 ] }, { "date": "2025-05-16", "close": 108.172177, "volume": 3972859, "typical_volume": 4923939.2, "trend": 102.440658, "fair_value": 86.293891, "relative_strength": 4.971705, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 37.304616, "energy": 39.19488, "activity_lines": [ 102.962532, 98.66783, 97.956021, 99.868002 ] }, { "date": "2025-05-23", "close": 106.421563, "volume": 3285430, "typical_volume": 4991384.5, "trend": 102.560892, "fair_value": 86.53652, "relative_strength": 5.764005, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.865204, "energy": 46.070519, "activity_lines": [ 104.936013, 100.53825, 98.631843, 100.124834 ] }, { "date": "2025-05-30", "close": 108.64692, "volume": 4508623, "typical_volume": 5049683.6, "trend": 102.627061, "fair_value": 86.799211, "relative_strength": 5.857049, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.601576, "energy": 63.302255, "activity_lines": [ 106.778279, 102.58351, 99.518937, 100.517481 ] }, { "date": "2025-06-06", "close": 110.130492, "volume": 3690491, "typical_volume": 4850849.7, "trend": 102.677413, "fair_value": 87.088308, "relative_strength": 5.27199, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.458447, "energy": 68.381071, "activity_lines": [ 108.290204, 104.610705, 100.52723, 101.001573 ] }, { "date": "2025-06-13", "close": 110.763483, "volume": 2936297, "typical_volume": 4847586.0, "trend": 102.862349, "fair_value": 87.41575, "relative_strength": 5.93793, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.58249, "energy": 69.692535, "activity_lines": [ 109.419696, 106.410233, 101.583022, 101.523255 ] }, { "date": "2025-06-20", "close": 108.360097, "volume": 8649344, "typical_volume": 5042747.4, "trend": 102.659518, "fair_value": 87.697877, "relative_strength": 3.592176, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.585576, "energy": 56.450518, "activity_lines": [ 109.264086, 107.363855, 102.395153, 101.877949 ] }, { "date": "2025-06-27", "close": 111.554722, "volume": 4191798, "typical_volume": 4980461.8, "trend": 102.541527, "fair_value": 88.008499, "relative_strength": 2.834259, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.993207, "energy": 53.920835, "activity_lines": [ 110.160823, 108.613293, 103.490787, 102.451833 ] }, { "date": "2025-07-04", "close": 114.742354, "volume": 2702405, "typical_volume": 4895431.5, "trend": 102.635404, "fair_value": 88.34157, "relative_strength": 3.645279, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.961757, "energy": 72.43354, "activity_lines": [ 111.777894, 110.110879, 104.862124, 103.238983 ] }, { "date": "2025-07-11", "close": 113.443758, "volume": 3125655, "typical_volume": 4865062.15, "trend": 102.759463, "fair_value": 88.673425, "relative_strength": 2.45227, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.704914, "energy": 77.148888, "activity_lines": [ 112.555737, 111.036567, 106.035019, 103.936296 ] }, { "date": "2025-07-18", "close": 112.323595, "volume": 6630969, "typical_volume": 4818374.15, "trend": 102.961635, "fair_value": 88.976527, "relative_strength": 0.609439, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.063675, "energy": 73.280089, "activity_lines": [ 112.739307, 111.536503, 107.019076, 104.553337 ] }, { "date": "2025-07-25", "close": 114.355749, "volume": 3629693, "typical_volume": 4738240.05, "trend": 103.241714, "fair_value": 89.264531, "relative_strength": 0.738444, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.182933, "energy": 76.473302, "activity_lines": [ 113.496255, 112.245564, 108.131733, 105.288441 ] }, { "date": "2025-08-01", "close": 110.113008, "volume": 3910643, "typical_volume": 4692668.25, "trend": 103.369428, "fair_value": 89.527997, "relative_strength": -0.734332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.160283, "energy": 50.321291, "activity_lines": [ 112.439246, 112.070788, 108.751614, 105.73175 ] }, { "date": "2025-08-08", "close": 117.399024, "volume": 5074087, "typical_volume": 4646183.95, "trend": 103.801821, "fair_value": 89.807261, "relative_strength": 3.220199, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.496103, "energy": 55.838921, "activity_lines": [ 113.907023, 113.153626, 109.987644, 106.636886 ] }, { "date": "2025-08-15", "close": 118.5291, "volume": 3522930, "typical_volume": 4598910.0, "trend": 104.171274, "fair_value": 90.094264, "relative_strength": 3.075196, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.264661, "energy": 60.266641, "activity_lines": [ 115.574381, 114.282803, 111.214247, 107.587033 ] }, { "date": "2025-08-22", "close": 121.909414, "volume": 2968891, "typical_volume": 4422129.2, "trend": 104.646171, "fair_value": 90.407757, "relative_strength": 5.533433, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.564242, "energy": 66.488833, "activity_lines": [ 118.029487, 115.87388, 112.633021, 108.731429 ] }, { "date": "2025-08-29", "close": 123.802787, "volume": 5578155, "typical_volume": 4323905.1, "trend": 105.306161, "fair_value": 90.75836, "relative_strength": 7.039374, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.376235, "energy": 88.201637, "activity_lines": [ 120.476663, 117.606553, 114.071941, 109.96734 ] }, { "date": "2025-09-05", "close": 125.517727, "volume": 3799154, "typical_volume": 4233438.05, "trend": 105.966764, "fair_value": 91.098568, "relative_strength": 7.912861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.96403, "energy": 90.009908, "activity_lines": [ 122.865683, 119.370258, 115.526002, 111.271312 ] }, { "date": "2025-09-12", "close": 125.497901, "volume": 4165054, "typical_volume": 4260905.55, "trend": 106.84864, "fair_value": 91.462571, "relative_strength": 6.023827, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.954166, "energy": 86.800324, "activity_lines": [ 124.221113, 120.876485, 116.824884, 112.531385 ] }, { "date": "2025-09-19", "close": 131.326714, "volume": 8143291, "typical_volume": 4450562.95, "trend": 108.019831, "fair_value": 91.881615, "relative_strength": 9.350736, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.267234, "energy": 91.093528, "activity_lines": [ 126.979556, 123.246941, 118.539729, 114.110615 ] }, { "date": "2025-09-26", "close": 128.124832, "volume": 5012633, "typical_volume": 4474920.1, "trend": 109.001107, "fair_value": 92.280321, "relative_strength": 6.827773, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.020485, "energy": 75.446265, "activity_lines": [ 127.817531, 124.710092, 119.806311, 115.407712 ] }, { "date": "2025-10-03", "close": 128.042525, "volume": 4087549, "typical_volume": 4480654.6, "trend": 110.078278, "fair_value": 92.654587, "relative_strength": 5.456824, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.82205, "energy": 65.355848, "activity_lines": [ 128.213708, 125.870983, 120.947811, 116.636191 ] }, { "date": "2025-10-10", "close": 127.933265, "volume": 3809285, "typical_volume": 4506847.35, "trend": 111.216578, "fair_value": 93.050699, "relative_strength": 7.818215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.619921, "energy": 60.936749, "activity_lines": [ 128.290817, 126.763158, 121.984285, 117.788125 ] }, { "date": "2025-10-17", "close": 129.989335, "volume": 3873366, "typical_volume": 4475084.5, "trend": 112.455635, "fair_value": 93.440542, "relative_strength": 7.541272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.140962, "energy": 58.284307, "activity_lines": [ 128.892246, 127.705159, 123.114139, 118.999271 ] }, { "date": "2025-10-24", "close": 131.985809, "volume": 3417807, "typical_volume": 4461450.3, "trend": 113.812533, "fair_value": 93.818346, "relative_strength": 6.94801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.088233, "energy": 58.49828, "activity_lines": [ 129.859737, 128.781241, 124.332502, 120.259282 ] }, { "date": "2025-10-31", "close": 133.445917, "volume": 3670968, "typical_volume": 4498183.85, "trend": 115.318313, "fair_value": 94.203836, "relative_strength": 7.293793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.334564, "energy": 61.009392, "activity_lines": [ 131.269992, 129.878129, 125.585851, 121.525952 ] }, { "date": "2025-11-07", "close": 129.870143, "volume": 3477489, "typical_volume": 4239591.1, "trend": 116.557861, "fair_value": 94.55538, "relative_strength": 6.035327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.888954, "energy": 55.89745, "activity_lines": [ 131.133583, 130.115122, 126.390637, 122.46478 ] }, { "date": "2025-11-14", "close": 132.621503, "volume": 4282317, "typical_volume": 4244117.05, "trend": 117.867693, "fair_value": 94.91081, "relative_strength": 7.949913, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.518088, "energy": 55.596174, "activity_lines": [ 131.792453, 130.742047, 127.35503, 123.501144 ] }, { "date": "2025-11-21", "close": 102.823382, "volume": 12156391, "typical_volume": 4716816.35, "trend": 118.086008, "fair_value": 95.049027, "relative_strength": -14.31978, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -1.8894, "energy": 12.945772, "activity_lines": [ 122.206066, 125.821972, 125.381188, 122.530543 ] }, { "date": "2025-11-28", "close": 102.436006, "volume": 7535312, "typical_volume": 4937299.2, "trend": 118.126239, "fair_value": 95.173611, "relative_strength": -17.305922, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -44.982236, "energy": 48.235603, "activity_lines": [ 114.301618, 121.243729, 123.42721, 121.520866 ] }, { "date": "2025-12-05", "close": 101.740717, "volume": 8311386, "typical_volume": 5021320.05, "trend": 118.067467, "fair_value": 95.307303, "relative_strength": -17.81137, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.657721, "energy": 62.688209, "activity_lines": [ 108.135394, 117.064355, 121.459432, 120.463735 ] }, { "date": "2025-12-12", "close": 98.184808, "volume": 8089738, "typical_volume": 5244322.3, "trend": 117.734555, "fair_value": 95.424023, "relative_strength": -19.887246, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.304347, "energy": 78.123955, "activity_lines": [ 102.897546, 112.718164, 119.20339, 119.180983 ] }, { "date": "2025-12-19", "close": 96.069141, "volume": 9534373, "typical_volume": 5525508.8, "trend": 117.389474, "fair_value": 95.515288, "relative_strength": -21.366711, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.3772, "energy": 82.242674, "activity_lines": [ 99.066832, 108.530174, 116.822861, 117.783214 ] }, { "date": "2025-12-26", "close": 96.744565, "volume": 3903501, "typical_volume": 5466979.5, "trend": 116.992729, "fair_value": 95.609397, "relative_strength": -21.592807, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.984832, "energy": 90.264997, "activity_lines": [ 97.898084, 105.044335, 114.573534, 116.451285 ] }, { "date": "2026-01-02", "close": 95.751295, "volume": 3597513, "typical_volume": 5470708.65, "trend": 116.513423, "fair_value": 95.707057, "relative_strength": -21.23517, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.494257, "energy": 89.178537, "activity_lines": [ 96.803499, 101.982353, 112.327964, 115.08087 ] }, { "date": "2026-01-09", "close": 99.221091, "volume": 4942042, "typical_volume": 5569366.2, "trend": 116.128676, "fair_value": 95.806785, "relative_strength": -19.322266, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.546775, "energy": 79.337804, "activity_lines": [ 97.311161, 100.210051, 110.521316, 113.965235 ] }, { "date": "2026-01-16", "close": 97.846064, "volume": 10216075, "typical_volume": 5801262.2, "trend": 115.778208, "fair_value": 95.895526, "relative_strength": -19.811149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.172886, "energy": 63.612504, "activity_lines": [ 97.528456, 98.810015, 108.691754, 112.785712 ] }, { "date": "2026-01-23", "close": 96.730101, "volume": 4904893, "typical_volume": 5856549.15, "trend": 115.284054, "fair_value": 95.982079, "relative_strength": -20.108209, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.888232, "energy": 62.468436, "activity_lines": [ 97.396346, 97.789332, 106.879512, 111.556802 ] }, { "date": "2026-01-30", "close": 96.082444, "volume": 5495384, "typical_volume": 5923065.65, "trend": 114.662057, "fair_value": 96.053991, "relative_strength": -20.644755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.628365, "energy": 59.053801, "activity_lines": [ 97.004286, 97.303464, 105.142673, 110.317988 ] }, { "date": "2026-02-06", "close": 100.665864, "volume": 6879567, "typical_volume": 5859879.45, "trend": 114.236128, "fair_value": 96.141814, "relative_strength": -16.400544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.703015, "energy": 47.425734, "activity_lines": [ 98.184175, 97.773508, 103.982423, 109.415008 ] }, { "date": "2026-02-13", "close": 87.99171, "volume": 16380496, "typical_volume": 6428272.6, "trend": 113.425065, "fair_value": 96.150999, "relative_strength": -25.68609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.00747, "energy": 58.053581, "activity_lines": [ 94.811707, 95.971344, 101.761116, 107.72182 ] }, { "date": "2026-02-20", "close": 97.537182, "volume": 8674471, "typical_volume": 6657618.7, "trend": 112.864446, "fair_value": 96.23534, "relative_strength": -18.354576, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.807754, "energy": 54.128004, "activity_lines": [ 95.369689, 96.154703, 100.640011, 106.696795 ] }, { "date": "2026-02-27", "close": 97.626857, "volume": 8045771, "typical_volume": 6869443.0, "trend": 112.448241, "fair_value": 96.304302, "relative_strength": -17.634624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.664705, "energy": 47.724576, "activity_lines": [ 95.978154, 96.366142, 99.67271, 105.713725 ] }, { "date": "2026-03-06", "close": 93.720986, "volume": 4900587, "typical_volume": 6920804.05, "trend": 111.658973, "fair_value": 96.382057, "relative_strength": -19.070218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.902058, "energy": 51.216085, "activity_lines": [ 95.224879, 95.8391, 98.477737, 104.505515 ] }, { "date": "2026-03-13", "close": 90.731799, "volume": 5635573, "typical_volume": 7031692.35, "trend": 110.732396, "fair_value": 96.452444, "relative_strength": -20.17624, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.347361, "energy": 49.682485, "activity_lines": [ 93.632639, 94.823543, 97.170787, 103.155375 ] }, { "date": "2026-03-20", "close": 88.260737, "volume": 6804919, "typical_volume": 7188389.9, "trend": 109.610774, "fair_value": 96.514315, "relative_strength": -20.657356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.466166, "energy": 55.040392, "activity_lines": [ 91.878982, 93.449966, 95.824945, 101.70559 ] }, { "date": "2026-03-27", "close": 85.151982, "volume": 4794106, "typical_volume": 7254220.75, "trend": 108.322413, "fair_value": 96.536767, "relative_strength": -21.423213, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.357933, "energy": 60.692003, "activity_lines": [ 89.071139, 91.71044, 94.398198, 100.127604 ] }, { "date": "2026-04-03", "close": 84.71, "volume": 5301550, "typical_volume": 7305182.4, "trend": 106.962156, "fair_value": 96.580429, "relative_strength": -24.015807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.048997, "energy": 68.014691, "activity_lines": [ 86.941648, 90.121356, 93.142302, 98.604222 ] }, { "date": "2026-04-10", "close": 83.59, "volume": 5670863, "typical_volume": 6980906.0, "trend": 105.565226, "fair_value": 96.60167, "relative_strength": -27.195215, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.036816, "energy": 68.193557, "activity_lines": [ 85.299948, 88.547182, 92.007889, 97.096341 ] }, { "date": "2026-04-17", "close": 86.61, "volume": 5076246, "typical_volume": 6857952.7, "trend": 104.074669, "fair_value": 96.644572, "relative_strength": -27.349615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.74002, "energy": 54.365439, "activity_lines": [ 85.340313, 87.749234, 91.252683, 95.873423 ] }, { "date": "2026-04-24", "close": 80.37, "volume": 5805118, "typical_volume": 6732639.3, "trend": 102.482841, "fair_value": 96.643119, "relative_strength": -32.445304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.451462, "energy": 56.433246, "activity_lines": [ 83.575465, 86.072302, 89.978552, 94.34409 ] }, { "date": "2026-05-01", "close": 83.711865, "volume": 5495588, "typical_volume": 6602931.8, "trend": 101.005152, "fair_value": 96.659045, "relative_strength": -29.768723, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.45269, "energy": 48.262313, "activity_lines": [ 83.450622, 85.141559, 89.12446, 93.133059 ] }, { "date": "2026-05-08", "close": 80.218065, "volume": 6237425, "typical_volume": 6438084.4, "trend": 99.414646, "fair_value": 96.687162, "relative_strength": -33.656139, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.366161, "energy": 50.774518, "activity_lines": [ 82.257186, 83.826948, 88.006544, 91.791957 ] }, { "date": "2026-05-15", "close": 70.980893, "volume": 11361810, "typical_volume": 6810999.85, "trend": 97.447698, "fair_value": 96.648975, "relative_strength": -40.806942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.492871, "energy": 76.362757, "activity_lines": [ 78.284155, 81.149376, 86.084379, 89.957521 ] }, { "date": "2026-05-22", "close": 71.707524, "volume": 11790196, "typical_volume": 7220634.0, "trend": 95.438421, "fair_value": 96.629257, "relative_strength": -40.08271, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.606698, "energy": 85.040259, "activity_lines": [ 75.393941, 79.017374, 84.3541, 88.296865 ] }, { "date": "2026-05-29", "close": 69.049847, "volume": 21550811, "typical_volume": 8051072.45, "trend": 93.291886, "fair_value": 96.567992, "relative_strength": -42.474183, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.902896, "energy": 91.1011, "activity_lines": [ 72.611334, 76.748054, 82.485204, 86.594376 ] }, { "date": "2026-06-05", "close": 70.811678, "volume": 10807030, "typical_volume": 8080620.2, "trend": 91.32327, "fair_value": 96.502033, "relative_strength": -38.825623, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.040389, "energy": 87.1748, "activity_lines": [ 71.17068, 75.148356, 80.927774, 85.14404 ] }, { "date": "2026-06-12", "close": 69.796385, "volume": 6007691, "typical_volume": 8135760.1, "trend": 89.2291, "fair_value": 96.410281, "relative_strength": -39.348806, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.310963, "energy": 83.584636, "activity_lines": [ 70.251608, 73.624792, 79.402384, 83.755209 ] }, { "date": "2026-06-19", "close": 68.492431, "volume": 10086887, "typical_volume": 8365335.25, "trend": 88.084735, "fair_value": 96.320621, "relative_strength": -40.346747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.512635, "energy": 71.729795, "activity_lines": [ 69.592663, 72.135302, 77.881064, 82.417359 ] }, { "date": "2026-06-26", "close": 70.692232, "volume": 11393944, "typical_volume": 8591054.1, "trend": 87.026609, "fair_value": 96.246929, "relative_strength": -36.242341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.514726, "energy": 60.689195, "activity_lines": [ 69.832883, 71.320277, 76.70063, 81.295262 ] }, { "date": "2026-07-03", "close": 67.74, "volume": 8240818, "typical_volume": 8184070.2, "trend": 85.893252, "fair_value": 96.146216, "relative_strength": -39.4766, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.990327, "energy": 60.644191, "activity_lines": [ 69.156711, 70.257896, 75.381763, 80.050965 ] }, { "date": "2026-07-10", "close": 68.25, "volume": 7100953, "typical_volume": 8105394.3, "trend": 84.895425, "fair_value": 96.043598, "relative_strength": -39.113732, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.229622, "energy": 56.58423, "activity_lines": [ 68.737863, 69.51788, 74.207903, 78.912691 ] }, { "date": "2026-07-17", "close": 68.29, "volume": 7599032, "typical_volume": 8083057.35, "trend": 83.969453, "fair_value": 95.930016, "relative_strength": -37.400102, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.25489, "energy": 53.827928, "activity_lines": [ 68.503126, 69.066261, 73.177316, 77.841373 ] }, { "date": "2026-07-24", "close": 70.56, "volume": 6924869, "typical_volume": 8184271.45, "trend": 83.096634, "fair_value": 95.840024, "relative_strength": -34.196181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.962366, "energy": 50.022777, "activity_lines": [ 69.125482, 69.244243, 72.502619, 76.976247 ] }, { "date": "2026-07-31", "close": 72.39, "volume": 9205222, "typical_volume": 8362753.9, "trend": 82.317925, "fair_value": 95.764693, "relative_strength": -32.486413, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.647291, "energy": 37.203758, "activity_lines": [ 70.22, 69.762604, 72.112498, 76.285496 ] }, { "date": "2026-08-07", "close": 75.84, "volume": 5793713, "typical_volume": 8312193.6, "trend": 81.538555, "fair_value": 95.69957, "relative_strength": -30.850903, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.891879, "energy": 22.760146, "activity_lines": [ 72.351333, 70.89583, 72.13829, 75.867566 ] } ], "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." } } }