{ "ticker": { "uuid": "9c26191b-0c8b-4102-80b2-abecfa273524", "symbol": "VIG", "name": "VANGUARD SPECIALIZED FUNDS VANGUARD DIVIDEND APPRECIATION ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 88.846, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 88.638, "architecture_energy": 76.588, "architecture_maturity": 33.376, "architecture_confidence": 77.125, "architecture_tenure": "Established", "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": 1.04, "rotation_up": 73.63, "upward_expansion": 92.39, "deceleration": 46.98, "rotation_down": 20.2, "downward_expansion": 14.39 }, "activity_lines": [ 240.856, 239.018365, 235.422312, 231.935066 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": 1.0 }, "latest_close": 245.23, "trend_reference": 228.408637, "distance_from_trend": 0.073646, "trend_direction": "Improving", "fair_value": 194.259539, "distance_from_fair_value": 0.262383, "fair_value_direction": "Improving", "relative_strength": -1.846127, "relative_strength_direction": "Improving", "price_momentum": 0.072626, "excess_performance": -0.052999, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073646, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.027883, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.262383, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.050012, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.018461, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.036925, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.072626, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.80409, "read": "Demand-led" } ], "volume": { "latest": 5453685, "relative_activity": 1.006402, "balance": 2.80409, "dry_up": 0.97128, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.016895, "annualized_volatility": 0.100019, "from_high_reference": -0.001913, "from_low_reference": 0.202396 }, "levels": { "trend_reference": 228.408637, "fair_value_reference": 194.259539, "structural_low": 210.01, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 43, "median_return": 0.016548, "positive_rate": 0.697674, "directional_follow_through": 0.697674, "median_excess_return": -0.002946, "regime_survival": 0.790698, "best_return": 0.072312, "worst_return": -0.0642, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 13, "median_return": 0.02897, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": -0.011227, "regime_survival": 0.615385, "best_return": 0.07627, "worst_return": -0.040983, "sufficient": true }, { "horizon": "Extended", "sample_count": 9, "median_return": 0.066847, "positive_rate": 0.888889, "directional_follow_through": 0.888889, "median_excess_return": -0.018312, "regime_survival": 0.666667, "best_return": 0.11527, "worst_return": -0.129069, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.10445, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.055135, "regime_survival": 0.5, "best_return": 0.212762, "worst_return": -0.05677, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-12-01", "end": "2023-12-08", "tenure": "New", "return": -0.00193, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-15", "end": "2024-04-19", "tenure": "Established", "return": 0.035731, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.041476, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-12-27", "tenure": "Extended", "return": 0.10659, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-02-07", "tenure": "Developing", "return": 0.028853, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-03-07", "tenure": "New", "return": -0.020946, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": -0.001114, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.124358, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": 0.031544, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-20", "end": "2025-07-04", "tenure": "New", "return": 0.049085, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2026-03-20", "tenure": "Extended", "return": 0.042461, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-17", "tenure": "New", "return": 0.079391, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.005423, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.073605, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 152.745737, "volume": 6035956, "typical_volume": 4714339.65, "trend": 148.905961, "fair_value": 141.008144, "relative_strength": -2.716573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.032616, "energy": 39.767394, "activity_lines": [ 155.023658, 154.956496, 152.929675, 151.053431 ] }, { "date": "2023-08-25", "close": 153.174156, "volume": 5233294, "typical_volume": 4756139.65, "trend": 149.131433, "fair_value": 141.230181, "relative_strength": -3.185212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.817311, "energy": 24.267397, "activity_lines": [ 154.119217, 154.728568, 153.117435, 151.328798 ] }, { "date": "2023-09-01", "close": 155.658987, "volume": 5422397, "typical_volume": 4799459.1, "trend": 149.385996, "fair_value": 141.482977, "relative_strength": -4.006809, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.210923, "energy": 25.280262, "activity_lines": [ 154.355324, 154.945301, 153.509299, 151.749931 ] }, { "date": "2023-09-08", "close": 153.659698, "volume": 3167087, "typical_volume": 4755754.8, "trend": 149.62451, "fair_value": 141.729017, "relative_strength": -3.981233, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.665904, "energy": 21.088893, "activity_lines": [ 154.09129, 154.707464, 153.672783, 152.025653 ] }, { "date": "2023-09-15", "close": 153.507371, "volume": 4316926, "typical_volume": 4740822.95, "trend": 149.838149, "fair_value": 141.972464, "relative_strength": -3.893638, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.317592, "energy": 20.02741, "activity_lines": [ 153.88311, 154.45976, 153.79633, 152.27616 ] }, { "date": "2023-09-22", "close": 150.546518, "volume": 5315117, "typical_volume": 4775900.05, "trend": 150.074079, "fair_value": 142.203799, "relative_strength": -2.85923, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.355302, "energy": 11.036783, "activity_lines": [ 152.815553, 153.642215, 153.617835, 152.321862 ] }, { "date": "2023-09-29", "close": 148.658566, "volume": 5744815, "typical_volume": 4823149.75, "trend": 150.185799, "fair_value": 142.411656, "relative_strength": -3.352771, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.30231, "energy": 22.410746, "activity_lines": [ 151.265293, 152.562243, 153.247802, 152.230538 ] }, { "date": "2023-10-06", "close": 148.304571, "volume": 7048001, "typical_volume": 4996518.65, "trend": 150.488412, "fair_value": 142.589307, "relative_strength": -3.970534, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.731501, "energy": 41.973713, "activity_lines": [ 149.898074, 151.585174, 152.836938, 152.109169 ] }, { "date": "2023-10-13", "close": 149.194341, "volume": 5359938, "typical_volume": 5074334.4, "trend": 150.802457, "fair_value": 142.767967, "relative_strength": -3.74511, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.568295, "energy": 49.518207, "activity_lines": [ 149.31774, 150.948951, 152.510298, 152.02568 ] }, { "date": "2023-10-20", "close": 146.764217, "volume": 6469913, "typical_volume": 5186178.95, "trend": 150.981481, "fair_value": 142.937077, "relative_strength": -2.934635, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.587187, "energy": 62.392287, "activity_lines": [ 148.225054, 149.981155, 151.938669, 151.765149 ] }, { "date": "2023-10-27", "close": 143.664373, "volume": 9080882, "typical_volume": 5440340.55, "trend": 150.90621, "fair_value": 143.129207, "relative_strength": -2.47083, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.845418, "energy": 72.242761, "activity_lines": [ 146.548631, 148.607147, 151.082516, 151.293077 ] }, { "date": "2023-11-03", "close": 150.916477, "volume": 8279820, "typical_volume": 5623525.85, "trend": 151.05878, "fair_value": 143.318443, "relative_strength": -3.085504, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.618423, "energy": 36.212281, "activity_lines": [ 147.748385, 148.71682, 150.944036, 151.29374 ] }, { "date": "2023-11-10", "close": 152.179376, "volume": 7881376, "typical_volume": 5840294.8, "trend": 151.208599, "fair_value": 143.495198, "relative_strength": -3.47933, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.364937, "energy": 18.347808, "activity_lines": [ 149.218579, 149.097158, 150.934716, 151.366036 ] }, { "date": "2023-11-17", "close": 155.154844, "volume": 7754268, "typical_volume": 5988158.4, "trend": 151.436439, "fair_value": 143.698967, "relative_strength": -3.680402, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 18.024691, "energy": 15.3677, "activity_lines": [ 151.422275, 150.081757, 151.201494, 151.620633 ] }, { "date": "2023-11-24", "close": 156.915249, "volume": 5303450, "typical_volume": 6027113.25, "trend": 151.690429, "fair_value": 143.900922, "relative_strength": -3.410277, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 33.064183, "energy": 36.790234, "activity_lines": [ 153.815405, 151.359245, 151.633479, 151.974104 ] }, { "date": "2023-12-01", "close": 158.599115, "volume": 8334942, "typical_volume": 6027055.0, "trend": 152.040975, "fair_value": 144.107237, "relative_strength": -3.046191, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 66.819992, "energy": 60.697432, "activity_lines": [ 156.093089, 152.880929, 152.201353, 152.419826 ] }, { "date": "2023-12-08", "close": 158.292957, "volume": 8006538, "typical_volume": 6110518.7, "trend": 152.41195, "fair_value": 144.317791, "relative_strength": -3.302619, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 63.283423, "energy": 75.144687, "activity_lines": [ 157.27307, 154.200537, 152.722896, 152.823179 ] }, { "date": "2023-12-15", "close": 162.416515, "volume": 8744382, "typical_volume": 6311486.0, "trend": 152.885952, "fair_value": 144.543476, "relative_strength": -2.94264, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.798433, "energy": 87.198184, "activity_lines": [ 159.335806, 156.094712, 153.635088, 153.468635 ] }, { "date": "2023-12-22", "close": 163.064858, "volume": 8114660, "typical_volume": 6514174.1, "trend": 153.443152, "fair_value": 144.777924, "relative_strength": -3.25733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.323681, "energy": 89.179317, "activity_lines": [ 160.93218, 157.850187, 154.588726, 154.125339 ] }, { "date": "2023-12-29", "close": 163.911349, "volume": 6231816, "typical_volume": 6592278.9, "trend": 153.939821, "fair_value": 145.006499, "relative_strength": -2.909983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.303743, "energy": 91.219155, "activity_lines": [ 162.283383, 159.507378, 155.585812, 154.800706 ] }, { "date": "2024-01-05", "close": 162.054841, "volume": 7401744, "typical_volume": 6660568.3, "trend": 154.363867, "fair_value": 145.21339, "relative_strength": -2.310164, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.533051, "energy": 85.601759, "activity_lines": [ 162.549344, 160.515256, 156.365657, 155.324256 ] }, { "date": "2024-01-12", "close": 163.988302, "volume": 6836721, "typical_volume": 6740739.65, "trend": 154.737401, "fair_value": 145.444905, "relative_strength": -2.791138, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.845048, "energy": 85.381281, "activity_lines": [ 163.22941, 161.540301, 157.285313, 155.945187 ] }, { "date": "2024-01-19", "close": 165.431184, "volume": 6155445, "typical_volume": 6777392.05, "trend": 155.230092, "fair_value": 145.684388, "relative_strength": -2.95589, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.53255, "energy": 82.888103, "activity_lines": [ 164.010747, 162.590018, 158.29089, 156.635109 ] }, { "date": "2024-01-26", "close": 166.470059, "volume": 5827768, "typical_volume": 6910426.1, "trend": 155.624417, "fair_value": 145.953359, "relative_strength": -3.213143, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.059091, "energy": 81.741452, "activity_lines": [ 164.937398, 163.587679, 159.348873, 157.360268 ] }, { "date": "2024-02-02", "close": 167.720556, "volume": 5784084, "typical_volume": 6983784.0, "trend": 156.155947, "fair_value": 146.202626, "relative_strength": -3.722876, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.514417, "energy": 91.571157, "activity_lines": [ 166.053868, 164.606972, 160.464949, 158.140664 ] }, { "date": "2024-02-09", "close": 168.999911, "volume": 4377132, "typical_volume": 6936884.75, "trend": 156.622859, "fair_value": 146.451066, "relative_strength": -4.171332, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.327809, "energy": 91.982892, "activity_lines": [ 167.342842, 165.662415, 161.635187, 158.969307 ] }, { "date": "2024-02-16", "close": 168.797908, "volume": 5212238, "typical_volume": 6910255.9, "trend": 156.987516, "fair_value": 146.707123, "relative_strength": -3.810679, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.772868, "energy": 89.344889, "activity_lines": [ 168.101477, 166.492025, 162.698313, 159.754794 ] }, { "date": "2024-02-23", "close": 171.962628, "volume": 4704799, "typical_volume": 6793095.8, "trend": 157.447826, "fair_value": 146.998723, "relative_strength": -3.463912, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.433868, "energy": 91.966152, "activity_lines": [ 169.594378, 167.70604, 163.96694, 160.72093 ] }, { "date": "2024-03-01", "close": 172.491685, "volume": 4010183, "typical_volume": 6725608.05, "trend": 158.022244, "fair_value": 147.285737, "relative_strength": -3.960039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.475194, "energy": 84.789087, "activity_lines": [ 170.828203, 168.842681, 165.173295, 161.691502 ] }, { "date": "2024-03-08", "close": 172.049201, "volume": 4353134, "typical_volume": 6619769.1, "trend": 158.576518, "fair_value": 147.546212, "relative_strength": -3.836032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.910906, "energy": 69.526217, "activity_lines": [ 171.51309, 169.727473, 166.226569, 162.596467 ] }, { "date": "2024-03-15", "close": 172.347396, "volume": 4188114, "typical_volume": 6375130.7, "trend": 159.229907, "fair_value": 147.811801, "relative_strength": -3.478437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.512552, "energy": 70.696337, "activity_lines": [ 172.0088, 170.518522, 167.187839, 163.48491 ] }, { "date": "2024-03-22", "close": 175.097721, "volume": 3377802, "typical_volume": 6130029.8, "trend": 159.960692, "fair_value": 148.069301, "relative_strength": -3.939221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.449672, "energy": 73.036794, "activity_lines": [ 173.198119, 171.622493, 168.274458, 164.50864 ] }, { "date": "2024-03-29", "close": 176.401825, "volume": 3553549, "typical_volume": 5913638.45, "trend": 160.65212, "fair_value": 148.334575, "relative_strength": -3.438407, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.436553, "energy": 72.790848, "activity_lines": [ 174.402152, 172.761584, 169.370128, 165.569359 ] }, { "date": "2024-04-05", "close": 173.271975, "volume": 3682102, "typical_volume": 5710030.15, "trend": 161.305863, "fair_value": 148.56348, "relative_strength": -4.15174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.989543, "energy": 65.481206, "activity_lines": [ 174.266955, 173.132145, 170.052373, 166.383543 ] }, { "date": "2024-04-12", "close": 169.630144, "volume": 4665020, "typical_volume": 5678108.65, "trend": 161.843289, "fair_value": 148.756183, "relative_strength": -4.609734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.13352, "energy": 56.740235, "activity_lines": [ 172.865796, 172.716884, 170.301505, 166.920593 ] }, { "date": "2024-04-19", "close": 168.219779, "volume": 4908271, "typical_volume": 5506775.1, "trend": 162.432397, "fair_value": 148.938734, "relative_strength": -2.268565, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.763869, "energy": 36.236579, "activity_lines": [ 171.155784, 172.010473, 170.355769, 167.33198 ] }, { "date": "2024-04-26", "close": 170.721727, "volume": 3367413, "typical_volume": 5274818.85, "trend": 163.167836, "fair_value": 149.138843, "relative_strength": -3.220008, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.121144, "energy": 26.260755, "activity_lines": [ 170.554931, 171.773145, 170.602501, 167.866775 ] }, { "date": "2024-05-03", "close": 170.924588, "volume": 3184494, "typical_volume": 4996824.45, "trend": 163.921837, "fair_value": 149.31892, "relative_strength": -3.519906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.955749, "energy": 25.535247, "activity_lines": [ 170.31343, 171.537724, 170.809369, 168.367211 ] }, { "date": "2024-05-10", "close": 174.981801, "volume": 3647523, "typical_volume": 4773467.6, "trend": 164.781419, "fair_value": 149.532135, "relative_strength": -2.896382, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.343843, "energy": 30.084656, "activity_lines": [ 171.789483, 172.05885, 171.362123, 169.080757 ] }, { "date": "2024-05-17", "close": 177.80253, "volume": 3429595, "typical_volume": 4633356.55, "trend": 165.816029, "fair_value": 149.768458, "relative_strength": -2.809522, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.479686, "energy": 53.302755, "activity_lines": [ 174.09179, 173.047562, 172.12677, 169.920828 ] }, { "date": "2024-05-24", "close": 175.445482, "volume": 3303645, "typical_volume": 4428451.6, "trend": 166.875399, "fair_value": 149.983126, "relative_strength": -3.977858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.644391, "energy": 59.487449, "activity_lines": [ 175.063589, 173.503114, 172.600789, 170.542083 ] }, { "date": "2024-05-31", "close": 174.74996, "volume": 2821338, "typical_volume": 4227682.45, "trend": 167.669849, "fair_value": 150.191699, "relative_strength": -3.865615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.655193, "energy": 62.102036, "activity_lines": [ 175.321834, 173.775878, 172.944802, 171.05012 ] }, { "date": "2024-06-07", "close": 175.146021, "volume": 3186122, "typical_volume": 4079216.3, "trend": 168.435404, "fair_value": 150.407018, "relative_strength": -4.715844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.147749, "energy": 57.247195, "activity_lines": [ 175.44355, 174.126976, 173.27529, 171.532453 ] }, { "date": "2024-06-14", "close": 176.614346, "volume": 3408225, "typical_volume": 3958239.15, "trend": 169.15072, "fair_value": 150.659921, "relative_strength": -5.331856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.12441, "energy": 44.616062, "activity_lines": [ 175.773279, 174.767875, 173.699356, 172.060127 ] }, { "date": "2024-06-21", "close": 178.488392, "volume": 3458194, "typical_volume": 3841944.65, "trend": 169.869825, "fair_value": 150.898279, "relative_strength": -4.806481, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.080594, "energy": 49.186459, "activity_lines": [ 176.618854, 175.688739, 174.253598, 172.662557 ] }, { "date": "2024-06-28", "close": 177.212495, "volume": 4471194, "typical_volume": 3846647.75, "trend": 170.490271, "fair_value": 151.114251, "relative_strength": -5.28778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.550143, "energy": 45.56464, "activity_lines": [ 176.993406, 176.216563, 174.63505, 173.136278 ] }, { "date": "2024-07-05", "close": 178.610391, "volume": 3461752, "typical_volume": 3759123.45, "trend": 171.167519, "fair_value": 151.334489, "relative_strength": -6.18229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.064258, "energy": 55.730552, "activity_lines": [ 177.716122, 176.835046, 175.110527, 173.660157 ] }, { "date": "2024-07-12", "close": 181.687705, "volume": 3975238, "typical_volume": 3722645.4, "trend": 171.809892, "fair_value": 151.575862, "relative_strength": -5.343024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.174832, "energy": 74.584853, "activity_lines": [ 179.207247, 177.869611, 175.832355, 174.338878 ] }, { "date": "2024-07-19", "close": 181.901273, "volume": 3700081, "typical_volume": 3707140.3, "trend": 172.437772, "fair_value": 151.806099, "relative_strength": -3.209762, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.003215, "energy": 76.450832, "activity_lines": [ 180.333449, 178.747313, 176.528214, 174.989935 ] }, { "date": "2024-07-26", "close": 182.891449, "volume": 3825699, "typical_volume": 3680768.55, "trend": 173.070442, "fair_value": 152.040865, "relative_strength": -1.786433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.068831, "energy": 80.781926, "activity_lines": [ 181.437249, 179.679238, 177.273567, 175.664366 ] }, { "date": "2024-08-02", "close": 180.988757, "volume": 3432824, "typical_volume": 3643004.05, "trend": 173.701573, "fair_value": 152.258267, "relative_strength": -0.632309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.660707, "energy": 68.371679, "activity_lines": [ 181.61328, 180.172694, 177.786082, 176.175225 ] }, { "date": "2024-08-09", "close": 180.270393, "volume": 4373217, "typical_volume": 3692774.8, "trend": 174.244309, "fair_value": 152.462142, "relative_strength": -0.957429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.078404, "energy": 49.307572, "activity_lines": [ 181.298106, 180.434751, 178.189032, 176.59902 ] }, { "date": "2024-08-16", "close": 185.386306, "volume": 2889396, "typical_volume": 3659567.15, "trend": 174.90948, "fair_value": 152.699222, "relative_strength": -1.951506, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.42295, "energy": 55.760445, "activity_lines": [ 182.57757, 181.526603, 179.05458, 177.317858 ] }, { "date": "2024-08-23", "close": 187.910286, "volume": 3170168, "typical_volume": 3633970.45, "trend": 175.624154, "fair_value": 152.950662, "relative_strength": -1.895399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.787665, "energy": 61.589654, "activity_lines": [ 184.451786, 182.891173, 180.117724, 178.15662 ] }, { "date": "2024-08-30", "close": 190.356605, "volume": 3189207, "typical_volume": 3560179.8, "trend": 176.378689, "fair_value": 153.214789, "relative_strength": -0.823517, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.330547, "energy": 83.922238, "activity_lines": [ 186.740842, 184.495147, 181.344145, 179.107101 ] }, { "date": "2024-09-06", "close": 184.852387, "volume": 3180469, "typical_volume": 3473789.7, "trend": 176.907105, "fair_value": 153.459424, "relative_strength": 0.508583, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.239983, "energy": 74.609649, "activity_lines": [ 186.697481, 184.882569, 181.947656, 179.653791 ] }, { "date": "2024-09-13", "close": 190.084791, "volume": 3232172, "typical_volume": 3467027.65, "trend": 177.616668, "fair_value": 153.747991, "relative_strength": -0.562552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.193809, "energy": 78.010555, "activity_lines": [ 188.14068, 186.08243, 182.970289, 180.503964 ] }, { "date": "2024-09-20", "close": 191.793331, "volume": 2917873, "typical_volume": 3453696.6, "trend": 178.277691, "fair_value": 154.044214, "relative_strength": -0.979553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.331819, "energy": 75.282772, "activity_lines": [ 189.499098, 187.384309, 184.063435, 181.418588 ] }, { "date": "2024-09-27", "close": 192.322493, "volume": 2695649, "typical_volume": 3406102.9, "trend": 178.938718, "fair_value": 154.362345, "relative_strength": -1.177007, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.248859, "energy": 63.941412, "activity_lines": [ 190.606769, 188.598661, 185.107603, 182.324704 ] }, { "date": "2024-10-04", "close": 192.264001, "volume": 3677587, "typical_volume": 3418502.5, "trend": 179.612545, "fair_value": 154.667541, "relative_strength": -1.387258, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.075375, "energy": 71.053909, "activity_lines": [ 191.400796, 189.612902, 186.063625, 183.184399 ] }, { "date": "2024-10-11", "close": 194.730424, "volume": 2921114, "typical_volume": 3399375.95, "trend": 180.358646, "fair_value": 154.970385, "relative_strength": -1.178826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.562628, "energy": 77.13844, "activity_lines": [ 192.889804, 190.905172, 187.18568, 184.159746 ] }, { "date": "2024-10-18", "close": 196.455945, "volume": 3044017, "typical_volume": 3410509.9, "trend": 181.070587, "fair_value": 155.262826, "relative_strength": -1.061777, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.176948, "energy": 81.600201, "activity_lines": [ 194.295449, 192.261326, 188.380238, 185.198282 ] }, { "date": "2024-10-25", "close": 191.942294, "volume": 3490038, "typical_volume": 3425705.7, "trend": 181.588602, "fair_value": 155.524683, "relative_strength": -2.280708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.327013, "energy": 59.300636, "activity_lines": [ 193.771801, 192.502532, 189.041562, 185.899682 ] }, { "date": "2024-11-01", "close": 190.119286, "volume": 3301712, "typical_volume": 3420380.05, "trend": 182.150179, "fair_value": 155.757517, "relative_strength": -1.747239, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.908904, "energy": 52.007151, "activity_lines": [ 192.630553, 192.293083, 189.449284, 186.450049 ] }, { "date": "2024-11-08", "close": 197.966995, "volume": 4531289, "typical_volume": 3474034.8, "trend": 183.094741, "fair_value": 156.038652, "relative_strength": -2.228933, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.62888, "energy": 57.639434, "activity_lines": [ 194.252088, 193.470327, 190.540098, 187.470489 ] }, { "date": "2024-11-15", "close": 193.697061, "volume": 5387688, "typical_volume": 3519859.5, "trend": 183.943984, "fair_value": 156.295187, "relative_strength": -2.20515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.629148, "energy": 44.088746, "activity_lines": [ 194.070112, 193.732848, 191.131496, 188.154509 ] }, { "date": "2024-11-22", "close": 197.372324, "volume": 3845359, "typical_volume": 3539039.85, "trend": 184.832337, "fair_value": 156.592087, "relative_strength": -1.882988, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.37053, "energy": 51.389518, "activity_lines": [ 195.182114, 194.502786, 191.994421, 189.020854 ] }, { "date": "2024-11-29", "close": 199.536537, "volume": 2926882, "typical_volume": 3486622.05, "trend": 185.786069, "fair_value": 156.905337, "relative_strength": -1.859974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.183646, "energy": 62.555937, "activity_lines": [ 196.954429, 195.533718, 192.974119, 189.969512 ] }, { "date": "2024-12-06", "close": 197.801267, "volume": 4948419, "typical_volume": 3549038.95, "trend": 186.546718, "fair_value": 157.173026, "relative_strength": -3.427696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.704628, "energy": 60.832032, "activity_lines": [ 197.642038, 196.10836, 193.703559, 190.744686 ] }, { "date": "2024-12-13", "close": 196.972627, "volume": 8441616, "typical_volume": 3779834.8, "trend": 187.185721, "fair_value": 157.449379, "relative_strength": -3.130284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.026243, "energy": 64.802864, "activity_lines": [ 197.541302, 196.432726, 194.278367, 191.417325 ] }, { "date": "2024-12-20", "close": 192.35174, "volume": 8164377, "typical_volume": 4016412.45, "trend": 187.749263, "fair_value": 157.682184, "relative_strength": -3.505276, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.65246, "energy": 40.348394, "activity_lines": [ 195.96656, 195.831319, 194.346037, 191.750617 ] }, { "date": "2024-12-27", "close": 194.146192, "volume": 5369821, "typical_volume": 4066242.65, "trend": 188.395804, "fair_value": 157.909193, "relative_strength": -3.109922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.085136, "energy": 24.395619, "activity_lines": [ 195.079658, 195.599425, 194.530498, 192.163322 ] }, { "date": "2025-01-03", "close": 192.08987, "volume": 4985441, "typical_volume": 4171044.9, "trend": 188.960599, "fair_value": 158.139075, "relative_strength": -3.495845, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.320468, "energy": 19.487636, "activity_lines": [ 193.722391, 195.035651, 194.453043, 192.401649 ] }, { "date": "2025-01-10", "close": 188.82913, "volume": 4946701, "typical_volume": 4259871.55, "trend": 189.367758, "fair_value": 158.361444, "relative_strength": -3.132989, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.179232, "energy": 18.092033, "activity_lines": [ 191.774654, 193.876331, 194.03312, 192.393167 ] }, { "date": "2025-01-17", "close": 195.007889, "volume": 5759856, "typical_volume": 4388404.0, "trend": 189.918408, "fair_value": 158.664833, "relative_strength": -2.707397, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.216487, "energy": 15.717619, "activity_lines": [ 192.484647, 193.863879, 194.197275, 192.757046 ] }, { "date": "2025-01-24", "close": 198.062996, "volume": 4956629, "typical_volume": 4477212.0, "trend": 190.613425, "fair_value": 158.981881, "relative_strength": -2.759615, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.824648, "energy": 15.701029, "activity_lines": [ 194.343991, 194.460703, 194.630243, 193.282504 ] }, { "date": "2025-01-31", "close": 198.014036, "volume": 5202863, "typical_volume": 4575746.55, "trend": 191.260213, "fair_value": 159.289373, "relative_strength": -1.707835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.566144, "energy": 25.733111, "activity_lines": [ 195.806264, 194.969244, 194.995641, 193.759963 ] }, { "date": "2025-02-07", "close": 197.632148, "volume": 6045351, "typical_volume": 4732120.45, "trend": 191.791694, "fair_value": 159.611301, "relative_strength": -1.655049, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.000162, "energy": 43.246987, "activity_lines": [ 196.883385, 195.396684, 195.28691, 194.171055 ] }, { "date": "2025-02-14", "close": 199.619926, "volume": 4176436, "typical_volume": 4806159.8, "trend": 192.382316, "fair_value": 159.953259, "relative_strength": -2.037158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.507249, "energy": 62.160161, "activity_lines": [ 198.253614, 196.220164, 195.739687, 194.676102 ] }, { "date": "2025-02-21", "close": 197.779028, "volume": 3441807, "typical_volume": 4794370.8, "trend": 192.878569, "fair_value": 160.278676, "relative_strength": -1.286127, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.307975, "energy": 57.363628, "activity_lines": [ 198.290824, 196.675868, 195.982391, 195.024277 ] }, { "date": "2025-02-28", "close": 198.905109, "volume": 4379407, "typical_volume": 4867285.45, "trend": 193.475781, "fair_value": 160.614334, "relative_strength": 0.272333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.82404, "energy": 51.426883, "activity_lines": [ 198.518651, 197.321652, 196.306079, 195.413086 ] }, { "date": "2025-03-07", "close": 195.438738, "volume": 7002150, "typical_volume": 5065192.1, "trend": 193.981392, "fair_value": 160.958104, "relative_strength": 1.655557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.542834, "energy": 28.39278, "activity_lines": [ 197.534881, 197.218035, 196.279757, 195.539729 ] }, { "date": "2025-03-14", "close": 189.064139, "volume": 11311590, "typical_volume": 5456269.7, "trend": 194.103986, "fair_value": 161.211898, "relative_strength": 0.661809, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.344459, "energy": 8.835704, "activity_lines": [ 194.59793, 195.931899, 195.651174, 195.222487 ] }, { "date": "2025-03-21", "close": 190.131468, "volume": 3838481, "typical_volume": 5483108.15, "trend": 194.178026, "fair_value": 161.466134, "relative_strength": 0.735131, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.574916, "energy": 25.006271, "activity_lines": [ 192.587957, 194.894836, 195.137947, 194.966195 ] }, { "date": "2025-03-28", "close": 188.853589, "volume": 3931120, "typical_volume": 5453099.7, "trend": 194.127925, "fair_value": 161.708668, "relative_strength": 1.565914, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -38.837933, "energy": 41.419525, "activity_lines": [ 190.784588, 193.601753, 194.502959, 194.622683 ] }, { "date": "2025-04-04", "close": 174.222699, "volume": 9961869, "typical_volume": 5681808.75, "trend": 193.773602, "fair_value": 161.858545, "relative_strength": 3.002167, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.663558, "energy": 86.292499, "activity_lines": [ 184.699285, 189.760404, 192.517951, 193.338475 ] }, { "date": "2025-04-11", "close": 181.779204, "volume": 12552843, "typical_volume": 6117182.95, "trend": 193.49675, "fair_value": 162.072807, "relative_strength": 1.676648, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.566097, "energy": 77.720689, "activity_lines": [ 182.778311, 187.726425, 191.345344, 192.564643 ] }, { "date": "2025-04-18", "close": 180.903516, "volume": 5085515, "typical_volume": 6225114.6, "trend": 193.133756, "fair_value": 162.295438, "relative_strength": 2.636532, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.790861, "energy": 78.535371, "activity_lines": [ 181.476076, 185.828409, 190.163592, 191.752176 ] }, { "date": "2025-04-25", "close": 185.626331, "volume": 5627130, "typical_volume": 6259050.15, "trend": 192.91055, "fair_value": 162.569882, "relative_strength": 0.699416, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.789573, "energy": 67.839039, "activity_lines": [ 182.292155, 185.093243, 189.52036, 191.267826 ] }, { "date": "2025-05-02", "close": 189.916222, "volume": 4494424, "typical_volume": 6061690.55, "trend": 192.832291, "fair_value": 162.877062, "relative_strength": 0.116153, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.801699, "energy": 36.357529, "activity_lines": [ 184.838539, 185.392487, 189.343665, 191.074644 ] }, { "date": "2025-05-09", "close": 189.138925, "volume": 5523312, "typical_volume": 5929637.3, "trend": 192.645908, "fair_value": 163.193063, "relative_strength": 0.163158, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.705152, "energy": 21.826406, "activity_lines": [ 187.054983, 185.693364, 189.126544, 190.836362 ] }, { "date": "2025-05-16", "close": 195.888616, "volume": 6177622, "typical_volume": 5970027.35, "trend": 192.626997, "fair_value": 163.581248, "relative_strength": -1.416408, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -13.031029, "energy": 17.645517, "activity_lines": [ 190.526908, 187.399024, 189.567549, 191.045569 ] }, { "date": "2025-05-23", "close": 191.205157, "volume": 4611197, "typical_volume": 5951315.15, "trend": 192.602426, "fair_value": 163.885862, "relative_strength": -1.235268, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.665099, "energy": 22.446767, "activity_lines": [ 191.497053, 188.244967, 189.554214, 190.953837 ] }, { "date": "2025-05-30", "close": 194.747269, "volume": 3690796, "typical_volume": 5888519.9, "trend": 192.756692, "fair_value": 164.224664, "relative_strength": -1.13091, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.516547, "energy": 17.423072, "activity_lines": [ 192.961126, 189.696003, 189.882435, 191.092214 ] }, { "date": "2025-06-06", "close": 197.226747, "volume": 4082527, "typical_volume": 5804653.45, "trend": 192.732017, "fair_value": 164.619642, "relative_strength": -1.484749, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.277937, "energy": 26.40003, "activity_lines": [ 194.643629, 191.513929, 190.418616, 191.380605 ] }, { "date": "2025-06-13", "close": 197.236586, "volume": 3404124, "typical_volume": 5727028.2, "trend": 192.850001, "fair_value": 165.059071, "relative_strength": -1.131578, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.267614, "energy": 34.823834, "activity_lines": [ 195.842044, 193.181405, 190.945168, 191.671222 ] }, { "date": "2025-06-20", "close": 195.731189, "volume": 3367301, "typical_volume": 5635250.1, "trend": 192.795296, "fair_value": 165.437964, "relative_strength": -1.714187, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.107748, "energy": 34.218585, "activity_lines": [ 195.998815, 194.156738, 191.332283, 191.857105 ] }, { "date": "2025-06-27", "close": 200.621271, "volume": 3567546, "typical_volume": 5511359.85, "trend": 192.831454, "fair_value": 165.857951, "relative_strength": -2.61942, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.960007, "energy": 43.200622, "activity_lines": [ 197.796109, 195.767504, 192.195992, 192.362007 ] }, { "date": "2025-07-04", "close": 205.338739, "volume": 3966570, "typical_volume": 5500866.55, "trend": 193.082703, "fair_value": 166.302019, "relative_strength": -2.005103, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.578691, "energy": 71.656734, "activity_lines": [ 200.538151, 197.877488, 193.49475, 193.168929 ] }, { "date": "2025-07-11", "close": 203.481096, "volume": 3759350, "typical_volume": 5516743.7, "trend": 193.299652, "fair_value": 166.736213, "relative_strength": -2.611568, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.773142, "energy": 77.249015, "activity_lines": [ 201.954881, 199.29131, 194.589356, 193.839793 ] }, { "date": "2025-07-18", "close": 203.649075, "volume": 3705775, "typical_volume": 5483062.1, "trend": 193.67623, "fair_value": 167.152648, "relative_strength": -3.085252, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.880212, "energy": 79.432811, "activity_lines": [ 203.010647, 200.48904, 195.672808, 194.507497 ] }, { "date": "2025-07-25", "close": 206.652923, "volume": 3660653, "typical_volume": 5315987.25, "trend": 194.093121, "fair_value": 167.561192, "relative_strength": -3.037653, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.193488, "energy": 87.163617, "activity_lines": [ 204.640197, 201.969104, 197.01975, 195.344703 ] }, { "date": "2025-08-01", "close": 201.662977, "volume": 4918469, "typical_volume": 4996331.2, "trend": 194.412225, "fair_value": 167.933564, "relative_strength": -2.929497, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.113339, "energy": 75.474996, "activity_lines": [ 203.878316, 202.346189, 197.838059, 195.833081 ] }, { "date": "2025-08-08", "close": 204.70635, "volume": 3270705, "typical_volume": 4967942.4, "trend": 194.941465, "fair_value": 168.301348, "relative_strength": -3.738138, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.719103, "energy": 62.690987, "activity_lines": [ 204.061445, 203.086474, 198.886218, 196.497218 ] }, { "date": "2025-08-15", "close": 206.998761, "volume": 3235645, "typical_volume": 4933168.65, "trend": 195.341161, "fair_value": 168.685382, "relative_strength": -3.513237, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.078276, "energy": 66.005314, "activity_lines": [ 205.05087, 204.062485, 200.083297, 197.275108 ] }, { "date": "2025-08-22", "close": 208.876166, "volume": 3356659, "typical_volume": 4602908.15, "trend": 195.7016, "fair_value": 169.120674, "relative_strength": -2.837602, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.354817, "energy": 63.540601, "activity_lines": [ 206.431587, 205.202171, 201.372772, 198.148334 ] }, { "date": "2025-08-29", "close": 208.411756, "volume": 3312344, "typical_volume": 4140883.2, "trend": 196.048191, "fair_value": 169.577027, "relative_strength": -2.909158, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.812185, "energy": 77.861375, "activity_lines": [ 207.309027, 206.045789, 202.453001, 198.968345 ] }, { "date": "2025-09-05", "close": 209.449269, "volume": 3206914, "typical_volume": 4046953.15, "trend": 196.442095, "fair_value": 170.009058, "relative_strength": -2.628028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.541592, "energy": 81.315196, "activity_lines": [ 208.415049, 206.847491, 203.505218, 199.83293 ] }, { "date": "2025-09-12", "close": 213.055864, "volume": 6742324, "typical_volume": 4102712.85, "trend": 196.889959, "fair_value": 170.503731, "relative_strength": -2.379994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.202406, "energy": 85.88462, "activity_lines": [ 210.204184, 208.144427, 204.764989, 200.904786 ] }, { "date": "2025-09-19", "close": 213.520274, "volume": 4981395, "typical_volume": 4127061.4, "trend": 197.414668, "fair_value": 171.036952, "relative_strength": -3.249839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.344646, "energy": 83.10163, "activity_lines": [ 211.591487, 209.385491, 205.938372, 201.97771 ] }, { "date": "2025-09-26", "close": 212.83848, "volume": 5245388, "typical_volume": 4113165.2, "trend": 197.879113, "fair_value": 171.589176, "relative_strength": -3.178319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.725699, "energy": 79.816306, "activity_lines": [ 212.316759, 210.320062, 206.934423, 202.972795 ] }, { "date": "2025-10-03", "close": 216.067216, "volume": 4749139, "typical_volume": 4041741.05, "trend": 198.566729, "fair_value": 172.1505, "relative_strength": -2.700623, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.042286, "energy": 85.84519, "activity_lines": [ 213.854121, 211.674595, 208.125117, 204.146221 ] }, { "date": "2025-10-10", "close": 210.90835, "volume": 4453956, "typical_volume": 4033879.0, "trend": 199.29487, "fair_value": 172.683622, "relative_strength": -2.572628, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.664427, "energy": 61.276235, "activity_lines": [ 213.161498, 211.919984, 208.728402, 204.942454 ] }, { "date": "2025-10-17", "close": 214.033432, "volume": 5504288, "typical_volume": 4124553.6, "trend": 200.091602, "fair_value": 173.205171, "relative_strength": -2.719598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.837975, "energy": 57.566839, "activity_lines": [ 213.413296, 212.565472, 209.535489, 205.893329 ] }, { "date": "2025-10-24", "close": 216.781521, "volume": 5646778, "typical_volume": 4202766.15, "trend": 201.022533, "fair_value": 173.697409, "relative_strength": -3.254939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.720237, "energy": 61.011444, "activity_lines": [ 214.515953, 213.541029, 210.51246, 206.970098 ] }, { "date": "2025-10-31", "close": 215.342991, "volume": 8228541, "typical_volume": 4443987.0, "trend": 202.393209, "fair_value": 174.19803, "relative_strength": -4.456696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.717935, "energy": 54.302158, "activity_lines": [ 214.921683, 214.077167, 211.25931, 207.893999 ] }, { "date": "2025-11-07", "close": 213.934223, "volume": 8530431, "typical_volume": 4702143.5, "trend": 203.465043, "fair_value": 174.648402, "relative_strength": -3.422371, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.451761, "energy": 51.022579, "activity_lines": [ 214.690857, 214.239587, 211.785771, 208.63858 ] }, { "date": "2025-11-14", "close": 215.313228, "volume": 6854484, "typical_volume": 4866490.4, "trend": 204.612033, "fair_value": 175.103829, "relative_strength": -2.858098, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.181401, "energy": 49.623921, "activity_lines": [ 215.061899, 214.552326, 212.356884, 209.402979 ] }, { "date": "2025-11-21", "close": 213.557229, "volume": 9525594, "typical_volume": 5144441.6, "trend": 205.543063, "fair_value": 175.52841, "relative_strength": -1.699047, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.764066, "energy": 39.75234, "activity_lines": [ 214.553949, 214.439175, 212.690798, 209.980089 ] }, { "date": "2025-11-28", "close": 220.908614, "volume": 4713110, "typical_volume": 5192129.6, "trend": 206.576143, "fair_value": 175.990863, "relative_strength": -1.871651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.738941, "energy": 50.622774, "activity_lines": [ 216.528207, 215.653524, 213.685708, 210.971414 ] }, { "date": "2025-12-05", "close": 219.837157, "volume": 7190304, "typical_volume": 5366356.05, "trend": 207.599418, "fair_value": 176.46946, "relative_strength": -2.625319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.973374, "energy": 53.055106, "activity_lines": [ 217.870174, 216.538729, 214.495586, 211.826964 ] }, { "date": "2025-12-12", "close": 220.323281, "volume": 8435014, "typical_volume": 5605074.1, "trend": 208.413906, "fair_value": 176.968178, "relative_strength": -1.808559, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.520855, "energy": 57.910977, "activity_lines": [ 219.074571, 217.385072, 215.274676, 212.647858 ] }, { "date": "2025-12-19", "close": 218.914514, "volume": 7934151, "typical_volume": 5755858.2, "trend": 209.337552, "fair_value": 177.452713, "relative_strength": -2.511257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.828042, "energy": 61.88495, "activity_lines": [ 219.383441, 217.897892, 215.8545, 213.325317 ] }, { "date": "2025-12-26", "close": 221.623518, "volume": 6649148, "typical_volume": 5924780.35, "trend": 210.233427, "fair_value": 177.9557, "relative_strength": -2.643131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.198147, "energy": 61.381443, "activity_lines": [ 220.355228, 218.757692, 216.610175, 214.11796 ] }, { "date": "2026-01-02", "close": 219.731003, "volume": 6071380, "typical_volume": 6066567.1, "trend": 210.983568, "fair_value": 178.430662, "relative_strength": -2.427733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.979292, "energy": 47.404775, "activity_lines": [ 220.158423, 219.135397, 217.105052, 214.730707 ] }, { "date": "2026-01-09", "close": 223.874615, "volume": 9588436, "typical_volume": 6378155.95, "trend": 211.871503, "fair_value": 178.919011, "relative_strength": -2.111571, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.828756, "energy": 53.973161, "activity_lines": [ 221.42133, 220.212858, 217.93393, 215.562387 ] }, { "date": "2026-01-16", "close": 224.751149, "volume": 7892438, "typical_volume": 6607160.65, "trend": 212.838835, "fair_value": 179.432136, "relative_strength": -1.355925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.418703, "energy": 68.188802, "activity_lines": [ 222.707251, 221.294569, 218.774865, 216.393332 ] }, { "date": "2026-01-23", "close": 222.260997, "volume": 8338560, "typical_volume": 6863742.95, "trend": 213.560159, "fair_value": 179.918361, "relative_strength": -2.06425, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.292737, "energy": 53.475571, "activity_lines": [ 222.86793, 221.726854, 219.300837, 217.001213 ] }, { "date": "2026-01-30", "close": 223.13753, "volume": 8927005, "typical_volume": 6972977.0, "trend": 214.153452, "fair_value": 180.39987, "relative_strength": -2.007764, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.184196, "energy": 58.298675, "activity_lines": [ 223.097688, 222.192186, 219.849279, 217.619108 ] }, { "date": "2026-02-06", "close": 228.625825, "volume": 8530124, "typical_volume": 7150413.45, "trend": 214.99161, "fair_value": 180.92629, "relative_strength": 0.609137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.873225, "energy": 69.339051, "activity_lines": [ 225.055943, 223.481201, 220.872409, 218.55281 ] }, { "date": "2026-02-13", "close": 226.364767, "volume": 7281755, "typical_volume": 7252231.8, "trend": 215.748799, "fair_value": 181.434409, "relative_strength": 0.905493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.571218, "energy": 54.78217, "activity_lines": [ 225.667525, 224.218803, 221.608268, 219.286562 ] }, { "date": "2026-02-20", "close": 226.673546, "volume": 5237521, "typical_volume": 7276650.9, "trend": 216.416153, "fair_value": 181.967774, "relative_strength": -0.054758, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.071168, "energy": 62.488369, "activity_lines": [ 226.216022, 224.893862, 222.309124, 219.991384 ] }, { "date": "2026-02-27", "close": 226.803034, "volume": 5293284, "typical_volume": 7318617.3, "trend": 217.254155, "fair_value": 182.490185, "relative_strength": 0.551153, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.905464, "energy": 68.999374, "activity_lines": [ 226.679522, 225.477005, 222.971806, 220.661506 ] }, { "date": "2026-03-06", "close": 220.647379, "volume": 8648219, "typical_volume": 7475813.85, "trend": 217.785523, "fair_value": 183.012115, "relative_strength": -0.109237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.915013, "energy": 34.668009, "activity_lines": [ 224.788335, 224.797511, 222.972546, 220.880423 ] }, { "date": "2026-03-13", "close": 216.683057, "volume": 7597312, "typical_volume": 7573340.55, "trend": 218.108333, "fair_value": 183.505129, "relative_strength": -0.335423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.483602, "energy": 13.660216, "activity_lines": [ 221.741717, 223.414979, 222.564236, 220.809296 ] }, { "date": "2026-03-20", "close": 212.121098, "volume": 8041776, "typical_volume": 7564002.3, "trend": 218.216497, "fair_value": 183.958511, "relative_strength": -0.564134, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -37.162828, "energy": 37.202438, "activity_lines": [ 217.970631, 221.258416, 221.721924, 220.423023 ] }, { "date": "2026-03-27", "close": 210.73, "volume": 8213569, "typical_volume": 7548159.2, "trend": 218.293772, "fair_value": 184.373943, "relative_strength": 1.107183, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.25505, "energy": 47.740539, "activity_lines": [ 214.685424, 219.062628, 220.762467, 219.940023 ] }, { "date": "2026-04-03", "close": 216.02, "volume": 7512891, "typical_volume": 7581079.55, "trend": 218.512796, "fair_value": 184.820614, "relative_strength": 0.323302, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.966803, "energy": 50.038503, "activity_lines": [ 214.226452, 218.083587, 220.322079, 219.793328 ] }, { "date": "2026-04-10", "close": 221.47, "volume": 5230642, "typical_volume": 7366331.95, "trend": 218.793268, "fair_value": 185.293596, "relative_strength": -0.615523, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.598836, "energy": 34.748795, "activity_lines": [ 216.303017, 218.208928, 220.397373, 219.984116 ] }, { "date": "2026-04-17", "close": 227.46, "volume": 4755108, "typical_volume": 7368431.85, "trend": 219.257925, "fair_value": 185.800906, "relative_strength": -2.180775, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 44.678068, "energy": 18.13184, "activity_lines": [ 220.321407, 219.453679, 221.005463, 220.54326 ] }, { "date": "2026-04-24", "close": 225.868211, "volume": 4507394, "typical_volume": 7234286.35, "trend": 219.69225, "fair_value": 186.291756, "relative_strength": -3.242492, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.36955, "energy": 35.079395, "activity_lines": [ 223.090737, 220.430211, 221.430757, 220.96973 ] }, { "date": "2026-05-01", "close": 227.471385, "volume": 4360418, "typical_volume": 7030556.55, "trend": 220.072388, "fair_value": 186.800658, "relative_strength": -3.330628, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.69561, "energy": 43.55895, "activity_lines": [ 225.477985, 221.707256, 221.980015, 221.471609 ] }, { "date": "2026-05-08", "close": 227.092996, "volume": 4927379, "typical_volume": 6880217.95, "trend": 220.611877, "fair_value": 187.313025, "relative_strength": -5.538604, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.51762, "energy": 51.317006, "activity_lines": [ 226.62301, 222.900998, 222.459197, 221.924552 ] }, { "date": "2026-05-15", "close": 228.417357, "volume": 4959367, "typical_volume": 6795728.9, "trend": 221.091341, "fair_value": 187.827262, "relative_strength": -5.050089, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.377659, "energy": 66.069597, "activity_lines": [ 227.47129, 224.330261, 223.025564, 222.428131 ] }, { "date": "2026-05-22", "close": 232.111626, "volume": 4638088, "typical_volume": 6724064.3, "trend": 221.602344, "fair_value": 188.377023, "relative_strength": -4.223373, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.972056, "energy": 69.917993, "activity_lines": [ 229.087835, 226.289936, 223.911415, 223.139117 ] }, { "date": "2026-05-29", "close": 233.655053, "volume": 4304355, "typical_volume": 6459860.25, "trend": 222.212746, "fair_value": 188.919611, "relative_strength": -4.825365, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.706195, "energy": 72.342059, "activity_lines": [ 230.908748, 228.249716, 224.885303, 223.916712 ] }, { "date": "2026-06-05", "close": 232.290862, "volume": 5420418, "typical_volume": 6336259.25, "trend": 222.824634, "fair_value": 189.45139, "relative_strength": -2.848864, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.925686, "energy": 71.103189, "activity_lines": [ 231.755807, 229.569934, 225.682694, 224.566913 ] }, { "date": "2026-06-12", "close": 234.730474, "volume": 5478173, "typical_volume": 6193239.9, "trend": 223.471876, "fair_value": 189.976699, "relative_strength": -2.281734, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.791644, "energy": 76.134627, "activity_lines": [ 233.094772, 230.941702, 226.676526, 225.335031 ] }, { "date": "2026-06-19", "close": 234.192764, "volume": 6705189, "typical_volume": 6082149.1, "trend": 224.159727, "fair_value": 190.512226, "relative_strength": -3.292307, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.563918, "energy": 74.268686, "activity_lines": [ 233.745336, 231.875514, 227.55977, 226.026701 ] }, { "date": "2026-06-26", "close": 234.56, "volume": 6784330, "typical_volume": 5994859.4, "trend": 224.614773, "fair_value": 191.024532, "relative_strength": -0.734534, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.752884, "energy": 68.319496, "activity_lines": [ 234.133284, 232.644774, 228.425344, 226.697687 ] }, { "date": "2026-07-03", "close": 238.62, "volume": 4882517, "typical_volume": 5874897.5, "trend": 225.240868, "fair_value": 191.581233, "relative_strength": -1.089203, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.072277, "energy": 78.827733, "activity_lines": [ 235.71134, 234.023124, 229.649327, 227.60125 ] }, { "date": "2026-07-10", "close": 238.84, "volume": 4646554, "typical_volume": 5845349.15, "trend": 225.858092, "fair_value": 192.118716, "relative_strength": -2.25315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.658395, "energy": 83.239289, "activity_lines": [ 237.031733, 235.209624, 230.835903, 228.478613 ] }, { "date": "2026-07-17", "close": 237.61, "volume": 5979229, "typical_volume": 5879646.4, "trend": 226.481275, "fair_value": 192.629946, "relative_strength": -1.181683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.488895, "energy": 82.239721, "activity_lines": [ 237.505518, 235.965785, 231.847402, 229.236801 ] }, { "date": "2026-07-24", "close": 238.65, "volume": 4343669, "typical_volume": 5664418.9, "trend": 227.048824, "fair_value": 193.14595, "relative_strength": -0.133957, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.014003, "energy": 81.359148, "activity_lines": [ 238.134, 236.719819, 232.906487, 230.02188 ] }, { "date": "2026-07-31", "close": 239.17, "volume": 5276845, "typical_volume": 5548395.55, "trend": 227.696791, "fair_value": 193.68384, "relative_strength": -0.955695, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.384765, "energy": 72.60818, "activity_lines": [ 238.638667, 237.38235, 233.929368, 230.803891 ] }, { "date": "2026-08-07", "close": 245.23, "volume": 5453685, "typical_volume": 5418991.0, "trend": 228.408637, "fair_value": 194.259539, "relative_strength": -1.846127, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.637926, "energy": 76.588319, "activity_lines": [ 240.856, 239.018365, 235.422312, 231.935066 ] } ], "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." } } }