{ "ticker": { "uuid": "9e4286fd-b1d2-4d6b-ab0b-91378b340a25", "symbol": "GPC", "name": "Genuine Parts Co", "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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 66.943, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 52.368, "architecture_energy": 49.419, "architecture_maturity": 28.248, "architecture_confidence": 72.102, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 18.48, "rotation_up": 68.09, "upward_expansion": 53.23, "deceleration": 37.83, "rotation_down": 19.49, "downward_expansion": 13.9 }, "activity_lines": [ 128.234667, 124.644545, 115.90915, 113.94272 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 135.63, "trend_reference": 115.417477, "distance_from_trend": 0.175125, "trend_direction": "Weakening", "fair_value": 124.386864, "distance_from_fair_value": 0.090388, "fair_value_direction": "Improving", "relative_strength": -0.539859, "relative_strength_direction": "Improving", "price_momentum": -0.068351, "excess_performance": -0.193976, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.175125, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.015739, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.090388, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.27478, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.005399, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.24745, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.068351, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.758941, "read": "Demand-led" } ], "volume": { "latest": 5314943, "relative_activity": 0.606526, "balance": 1.758941, "dry_up": 0.924316, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.072778, "annualized_volatility": 0.521683, "from_high_reference": -0.08716, "from_low_reference": 0.510225 }, "levels": { "trend_reference": 115.417477, "fair_value_reference": 124.386864, "structural_low": 89.807806, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": -0.000347, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.016616, "regime_survival": 0.5, "best_return": 0.06116, "worst_return": -0.061854, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.011408, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.057182, "regime_survival": 0.0, "best_return": -0.011408, "worst_return": -0.011408, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.025231, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.139163, "regime_survival": 0.0, "best_return": -0.025231, "worst_return": -0.025231, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.153282, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.349756, "regime_survival": 0.0, "best_return": -0.153282, "worst_return": -0.153282, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-02", "end": "2024-10-11", "tenure": "Developing", "return": -0.029877, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-18", "end": "2024-10-18", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-10-25", "end": "2025-02-28", "tenure": "Established", "return": 0.101994, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-05-30", "tenure": "Established", "return": -0.005111, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-06-06", "end": "2025-10-10", "tenure": "Established", "return": 0.048155, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-17", "end": "2025-11-14", "tenure": "Developing", "return": -0.043877, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-21", "end": "2025-12-05", "tenure": "New", "return": 0.02108, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-12", "end": "2026-01-02", "tenure": "New", "return": -0.057393, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": 0.06701, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-06", "tenure": "New", "return": 0.079053, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-13", "end": "2026-02-13", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.176127, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-06-26", "tenure": "Established", "return": 0.116701, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.023082, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 140.997807, "volume": 4039208, "typical_volume": 4359063.5, "trend": 148.820922, "fair_value": 120.708179, "relative_strength": -13.256432, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.631968, "energy": 56.888145, "activity_lines": [ 142.134627, 144.454284, 145.769701, 146.961965 ] }, { "date": "2023-08-25", "close": 139.331726, "volume": 3159906, "typical_volume": 4358872.8, "trend": 148.488954, "fair_value": 121.089703, "relative_strength": -14.81429, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.740748, "energy": 60.811171, "activity_lines": [ 141.175644, 143.25699, 145.027333, 146.349759 ] }, { "date": "2023-09-01", "close": 141.188996, "volume": 3418780, "typical_volume": 4326134.0, "trend": 148.148421, "fair_value": 121.464878, "relative_strength": -15.598647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.920443, "energy": 51.360278, "activity_lines": [ 141.034224, 142.536925, 144.497456, 145.878794 ] }, { "date": "2023-09-08", "close": 137.413987, "volume": 3467282, "typical_volume": 4230310.65, "trend": 147.539607, "fair_value": 121.799057, "relative_strength": -16.567718, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.221329, "energy": 62.051972, "activity_lines": [ 139.710337, 141.206474, 143.646837, 145.18625 ] }, { "date": "2023-09-15", "close": 136.351248, "volume": 3774237, "typical_volume": 4230565.95, "trend": 146.682447, "fair_value": 122.118268, "relative_strength": -16.860268, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.95575, "energy": 67.160694, "activity_lines": [ 138.309362, 139.985662, 142.75801, 144.46442 ] }, { "date": "2023-09-22", "close": 134.079185, "volume": 3427132, "typical_volume": 4066121.95, "trend": 145.789137, "fair_value": 122.466188, "relative_strength": -15.514195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.699077, "energy": 71.612566, "activity_lines": [ 136.650173, 138.610867, 141.728575, 143.651307 ] }, { "date": "2023-09-29", "close": 132.274361, "volume": 4670691, "typical_volume": 4118828.45, "trend": 145.017554, "fair_value": 122.793026, "relative_strength": -15.76708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.160033, "energy": 79.955467, "activity_lines": [ 134.850617, 137.21696, 140.637197, 142.779386 ] }, { "date": "2023-10-06", "close": 131.981192, "volume": 5249811, "typical_volume": 4211427.4, "trend": 144.50187, "fair_value": 123.093302, "relative_strength": -16.011629, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.245792, "energy": 78.816186, "activity_lines": [ 133.423829, 135.952194, 139.623171, 141.93833 ] }, { "date": "2023-10-13", "close": 134.711332, "volume": 5044719, "typical_volume": 4296055.5, "trend": 144.104933, "fair_value": 123.408199, "relative_strength": -14.299987, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.653093, "energy": 69.951253, "activity_lines": [ 133.520942, 135.371923, 138.950495, 141.306682 ] }, { "date": "2023-10-20", "close": 117.844931, "volume": 7255337, "typical_volume": 4375259.2, "trend": 143.30229, "fair_value": 123.626611, "relative_strength": -22.726779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -94.136812, "energy": 92.369201, "activity_lines": [ 128.176098, 131.849762, 136.707264, 139.612489 ] }, { "date": "2023-10-27", "close": 116.461538, "volume": 6323715, "typical_volume": 4490877.6, "trend": 142.139012, "fair_value": 123.881549, "relative_strength": -21.115573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.496276, "energy": 95.117024, "activity_lines": [ 123.603877, 128.548682, 134.435943, 137.880827 ] }, { "date": "2023-11-03", "close": 122.783003, "volume": 6281150, "typical_volume": 4566549.25, "trend": 141.338131, "fair_value": 124.15396, "relative_strength": -20.799475, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.306116, "energy": 85.39717, "activity_lines": [ 122.313321, 126.843074, 132.887625, 136.632053 ] }, { "date": "2023-11-10", "close": 124.743573, "volume": 4592830, "typical_volume": 4614673.0, "trend": 140.518469, "fair_value": 124.415235, "relative_strength": -20.085636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.087631, "energy": 85.177657, "activity_lines": [ 122.309046, 125.794818, 131.641378, 135.561436 ] }, { "date": "2023-11-17", "close": 125.888766, "volume": 5035242, "typical_volume": 4668401.65, "trend": 139.693254, "fair_value": 124.695105, "relative_strength": -20.588236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.21514, "energy": 60.89417, "activity_lines": [ 123.169009, 125.253788, 130.602408, 134.617584 ] }, { "date": "2023-11-24", "close": 125.879604, "volume": 2645279, "typical_volume": 4638332.25, "trend": 138.813756, "fair_value": 124.967305, "relative_strength": -20.755464, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.265803, "energy": 48.717086, "activity_lines": [ 124.61409, 124.920641, 129.696769, 133.726381 ] }, { "date": "2023-12-01", "close": 124.288919, "volume": 5966809, "typical_volume": 4721745.8, "trend": 137.717791, "fair_value": 125.225567, "relative_strength": -21.757851, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.678007, "energy": 39.719297, "activity_lines": [ 124.993297, 124.488672, 128.757366, 132.789295 ] }, { "date": "2023-12-08", "close": 122.70186, "volume": 6612122, "typical_volume": 4734778.75, "trend": 136.661804, "fair_value": 125.480179, "relative_strength": -22.263496, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.751217, "energy": 40.162381, "activity_lines": [ 124.32166, 123.946151, 127.794373, 131.820525 ] }, { "date": "2023-12-15", "close": 127.693716, "volume": 6696416, "typical_volume": 4867139.85, "trend": 135.949526, "fair_value": 125.764213, "relative_strength": -20.331305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.296574, "energy": 31.821449, "activity_lines": [ 125.319383, 124.485287, 127.400161, 131.241939 ] }, { "date": "2023-12-22", "close": 128.238114, "volume": 3749179, "typical_volume": 4802477.95, "trend": 135.483372, "fair_value": 126.041708, "relative_strength": -20.043917, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.474201, "energy": 27.276877, "activity_lines": [ 126.301897, 125.201357, 127.127479, 130.744428 ] }, { "date": "2023-12-29", "close": 127.795214, "volume": 2299041, "typical_volume": 4685444.3, "trend": 135.089414, "fair_value": 126.310499, "relative_strength": -19.936463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.713337, "energy": 21.092743, "activity_lines": [ 126.980154, 125.954596, 126.876108, 130.248418 ] }, { "date": "2024-01-05", "close": 126.060521, "volume": 3738649, "typical_volume": 4670416.35, "trend": 134.562674, "fair_value": 126.552223, "relative_strength": -19.161607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.533672, "energy": 20.103888, "activity_lines": [ 126.952473, 126.211521, 126.535924, 129.665909 ] }, { "date": "2024-01-12", "close": 128.072027, "volume": 4170347, "typical_volume": 4720938.4, "trend": 133.931521, "fair_value": 126.813362, "relative_strength": -18.818885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.321844, "energy": 14.296135, "activity_lines": [ 127.477187, 126.659648, 126.458442, 129.247157 ] }, { "date": "2024-01-19", "close": 131.10774, "volume": 3751220, "typical_volume": 4737560.4, "trend": 133.456183, "fair_value": 127.096757, "relative_strength": -17.39833, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.949886, "energy": 10.740774, "activity_lines": [ 128.655794, 127.563559, 126.723693, 129.064978 ] }, { "date": "2024-01-26", "close": 131.606003, "volume": 3878189, "typical_volume": 4758105.75, "trend": 132.707332, "fair_value": 127.425874, "relative_strength": -17.431469, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.006454, "energy": 12.919022, "activity_lines": [ 129.772887, 128.442351, 127.084404, 128.945611 ] }, { "date": "2024-02-02", "close": 131.375325, "volume": 4335264, "typical_volume": 4786157.1, "trend": 132.066416, "fair_value": 127.710928, "relative_strength": -18.218504, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.693269, "energy": 24.11664, "activity_lines": [ 130.588562, 129.175251, 127.450802, 128.859675 ] }, { "date": "2024-02-09", "close": 132.113493, "volume": 4811914, "typical_volume": 4855396.2, "trend": 131.434325, "fair_value": 128.013485, "relative_strength": -18.284439, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.094489, "energy": 34.804837, "activity_lines": [ 131.411619, 129.942442, 127.911197, 128.862713 ] }, { "date": "2024-02-16", "close": 131.882816, "volume": 7594913, "typical_volume": 5001607.3, "trend": 131.086791, "fair_value": 128.297901, "relative_strength": -17.462196, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.468886, "energy": 33.809479, "activity_lines": [ 131.754252, 130.525427, 128.358983, 128.891648 ] }, { "date": "2024-02-23", "close": 136.450226, "volume": 5031298, "typical_volume": 4990681.65, "trend": 130.890898, "fair_value": 128.59521, "relative_strength": -15.275705, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.360218, "energy": 46.28746, "activity_lines": [ 133.365302, 131.771923, 129.243625, 129.237676 ] }, { "date": "2024-03-01", "close": 138.599829, "volume": 6248886, "typical_volume": 5050890.0, "trend": 130.791846, "fair_value": 128.861061, "relative_strength": -14.154486, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 50.964243, "energy": 57.821139, "activity_lines": [ 135.336721, 133.250047, 130.31171, 129.735026 ] }, { "date": "2024-03-08", "close": 140.225388, "volume": 4778375, "typical_volume": 4927041.9, "trend": 130.671415, "fair_value": 129.127171, "relative_strength": -12.345936, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.928944, "energy": 67.739093, "activity_lines": [ 137.383737, 134.835332, 131.516094, 130.343642 ] }, { "date": "2024-03-15", "close": 142.733394, "volume": 5659264, "typical_volume": 4893819.35, "trend": 130.729268, "fair_value": 129.394339, "relative_strength": -10.167746, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.898052, "energy": 87.726264, "activity_lines": [ 139.676752, 136.650615, 132.852761, 131.121834 ] }, { "date": "2024-03-22", "close": 144.795532, "volume": 3900787, "typical_volume": 4774801.2, "trend": 130.911394, "fair_value": 129.667879, "relative_strength": -10.383832, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.484852, "energy": 90.818986, "activity_lines": [ 141.949152, 138.537689, 134.260719, 132.029335 ] }, { "date": "2024-03-29", "close": 143.913085, "volume": 3499859, "typical_volume": 4720152.65, "trend": 131.002197, "fair_value": 129.946419, "relative_strength": -10.692837, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.686537, "energy": 86.718117, "activity_lines": [ 143.066556, 139.960255, 135.479813, 132.868154 ] }, { "date": "2024-04-05", "close": 139.324364, "volume": 3676642, "typical_volume": 4652222.65, "trend": 131.065877, "fair_value": 130.194053, "relative_strength": -12.244757, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.645801, "energy": 72.911563, "activity_lines": [ 142.156862, 140.315683, 136.170602, 133.405068 ] }, { "date": "2024-04-12", "close": 135.042176, "volume": 3739005, "typical_volume": 4706908.95, "trend": 131.022241, "fair_value": 130.396953, "relative_strength": -13.118003, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.340371, "energy": 44.530958, "activity_lines": [ 139.77147, 139.752198, 136.389584, 133.661603 ] }, { "date": "2024-04-19", "close": 150.842612, "volume": 11352333, "typical_volume": 4976185.15, "trend": 131.581022, "fair_value": 130.688383, "relative_strength": 0.54304, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.252588, "energy": 54.011229, "activity_lines": [ 142.998437, 141.994849, 138.069739, 134.940337 ] }, { "date": "2024-04-26", "close": 148.557541, "volume": 6177794, "typical_volume": 4954468.75, "trend": 132.123794, "fair_value": 130.950586, "relative_strength": -3.045282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.922254, "energy": 52.760024, "activity_lines": [ 144.9231, 143.481503, 139.405822, 136.035596 ] }, { "date": "2024-05-03", "close": 146.216735, "volume": 4876436, "typical_volume": 4863469.75, "trend": 132.598313, "fair_value": 131.150902, "relative_strength": -4.526641, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.829036, "energy": 50.808227, "activity_lines": [ 145.816693, 144.239379, 140.395848, 136.944818 ] }, { "date": "2024-05-10", "close": 144.228908, "volume": 4482011, "typical_volume": 4900111.35, "trend": 132.915565, "fair_value": 131.346759, "relative_strength": -6.93216, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.515225, "energy": 54.396346, "activity_lines": [ 145.8941, 144.45826, 141.108353, 137.695179 ] }, { "date": "2024-05-17", "close": 142.018148, "volume": 3297392, "typical_volume": 4950028.9, "trend": 133.721339, "fair_value": 131.531371, "relative_strength": -9.303672, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.746066, "energy": 42.272802, "activity_lines": [ 144.907618, 144.172837, 141.534163, 138.282442 ] }, { "date": "2024-05-24", "close": 134.893554, "volume": 3501845, "typical_volume": 4938188.7, "trend": 134.33574, "fair_value": 131.672024, "relative_strength": -13.351922, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.066422, "energy": 14.617448, "activity_lines": [ 141.081206, 142.559438, 141.213712, 138.358069 ] }, { "date": "2024-05-31", "close": 133.890351, "volume": 3676815, "typical_volume": 4913512.1, "trend": 134.705984, "fair_value": 131.808179, "relative_strength": -13.220996, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 6.879707, "energy": 17.347842, "activity_lines": [ 137.983664, 140.906181, 140.755655, 138.329334 ] }, { "date": "2024-06-07", "close": 135.794578, "volume": 4104915, "typical_volume": 4931196.85, "trend": 135.074351, "fair_value": 131.961653, "relative_strength": -12.618776, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 1.951941, "energy": 20.961025, "activity_lines": [ 136.498677, 139.797423, 140.451247, 138.399566 ] }, { "date": "2024-06-14", "close": 127.853976, "volume": 4372344, "typical_volume": 4955904.6, "trend": 135.139858, "fair_value": 132.108181, "relative_strength": -18.505312, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -38.984411, "energy": 40.455106, "activity_lines": [ 133.061633, 137.392528, 139.368273, 137.933735 ] }, { "date": "2024-06-21", "close": 132.277892, "volume": 4149295, "typical_volume": 4946606.15, "trend": 135.353135, "fair_value": 132.24678, "relative_strength": -15.67963, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.671426, "energy": 43.793021, "activity_lines": [ 132.19089, 136.000534, 138.724491, 137.749092 ] }, { "date": "2024-06-28", "close": 129.369144, "volume": 4058049, "typical_volume": 4908912.9, "trend": 135.522475, "fair_value": 132.358899, "relative_strength": -16.853026, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.180992, "energy": 51.055943, "activity_lines": [ 130.999915, 134.129937, 137.799388, 137.363029 ] }, { "date": "2024-07-05", "close": 123.878999, "volume": 4334663, "typical_volume": 4745900.4, "trend": 135.561713, "fair_value": 132.433268, "relative_strength": -21.215546, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.21447, "energy": 62.712974, "activity_lines": [ 128.347185, 131.651558, 136.364482, 136.611837 ] }, { "date": "2024-07-12", "close": 129.341085, "volume": 4702208, "typical_volume": 4729445.9, "trend": 135.616626, "fair_value": 132.553264, "relative_strength": -17.915024, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.278022, "energy": 44.291156, "activity_lines": [ 128.182574, 130.614986, 135.487888, 136.210506 ] }, { "date": "2024-07-19", "close": 129.313027, "volume": 7955335, "typical_volume": 4814768.35, "trend": 135.652456, "fair_value": 132.664857, "relative_strength": -15.807446, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.675186, "energy": 46.839324, "activity_lines": [ 128.438843, 129.880143, 134.642475, 135.803822 ] }, { "date": "2024-07-26", "close": 132.782948, "volume": 6645268, "typical_volume": 4908113.0, "trend": 135.818714, "fair_value": 132.81075, "relative_strength": -12.392288, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -54.755304, "energy": 38.531879, "activity_lines": [ 129.754483, 130.047393, 134.171753, 135.618692 ] }, { "date": "2024-08-02", "close": 133.297357, "volume": 6413828, "typical_volume": 4945841.2, "trend": 136.059942, "fair_value": 132.974612, "relative_strength": -9.704464, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.466402, "energy": 22.645685, "activity_lines": [ 131.207922, 130.476084, 133.785463, 135.456024 ] }, { "date": "2024-08-09", "close": 128.302915, "volume": 3934200, "typical_volume": 4947511.85, "trend": 136.067638, "fair_value": 133.104457, "relative_strength": -12.576939, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.139092, "energy": 24.305218, "activity_lines": [ 130.734666, 130.025717, 132.968446, 134.955571 ] }, { "date": "2024-08-16", "close": 129.8742, "volume": 2984629, "typical_volume": 4921750.35, "trend": 136.02652, "fair_value": 133.248931, "relative_strength": -14.352093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.610788, "energy": 21.228525, "activity_lines": [ 130.490244, 129.962627, 132.37961, 134.555994 ] }, { "date": "2024-08-23", "close": 133.007417, "volume": 3018143, "typical_volume": 4888825.4, "trend": 136.073234, "fair_value": 133.414379, "relative_strength": -12.989045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.530079, "energy": 19.452492, "activity_lines": [ 131.254686, 130.576857, 132.156029, 134.361213 ] }, { "date": "2024-08-30", "close": 133.989471, "volume": 3502047, "typical_volume": 4876977.5, "trend": 136.160372, "fair_value": 133.589829, "relative_strength": -12.09265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.553672, "energy": 17.86901, "activity_lines": [ 132.100187, 131.275943, 132.056056, 134.226777 ] }, { "date": "2024-09-06", "close": 126.544572, "volume": 4022944, "typical_volume": 4510508.05, "trend": 135.974741, "fair_value": 133.738812, "relative_strength": -12.907339, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.082567, "energy": 28.712841, "activity_lines": [ 130.383621, 130.590291, 131.252059, 133.606403 ] }, { "date": "2024-09-13", "close": 129.418443, "volume": 3870184, "typical_volume": 4395127.55, "trend": 135.892596, "fair_value": 133.885968, "relative_strength": -13.864926, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.441426, "energy": 25.54008, "activity_lines": [ 130.075197, 130.478517, 130.837469, 133.183416 ] }, { "date": "2024-09-20", "close": 129.1075, "volume": 3662064, "typical_volume": 4334408.95, "trend": 135.647838, "fair_value": 134.025424, "relative_strength": -14.73439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.182696, "energy": 28.889321, "activity_lines": [ 129.588756, 130.209491, 130.484404, 132.745668 ] }, { "date": "2024-09-27", "close": 133.083807, "volume": 3971640, "typical_volume": 4308890.4, "trend": 135.463971, "fair_value": 134.197083, "relative_strength": -12.091304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.692701, "energy": 21.199862, "activity_lines": [ 130.478865, 130.667677, 130.591507, 132.580246 ] }, { "date": "2024-10-04", "close": 128.805979, "volume": 3314997, "typical_volume": 4309770.65, "trend": 135.083324, "fair_value": 134.317713, "relative_strength": -14.604231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.830706, "energy": 24.635081, "activity_lines": [ 129.937939, 130.279516, 130.34427, 132.150699 ] }, { "date": "2024-10-11", "close": 129.314796, "volume": 3622121, "typical_volume": 4315784.45, "trend": 134.636037, "fair_value": 134.435172, "relative_strength": -14.661482, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.638624, "energy": 23.333958, "activity_lines": [ 129.912184, 130.056176, 130.208406, 131.778535 ] }, { "date": "2024-10-18", "close": 134.902356, "volume": 4661640, "typical_volume": 4365025.7, "trend": 134.306265, "fair_value": 134.555781, "relative_strength": -11.392801, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.132521, "energy": 6.731435, "activity_lines": [ 131.564268, 130.921166, 130.631257, 131.795717 ] }, { "date": "2024-10-25", "close": 107.642978, "volume": 14831589, "typical_volume": 4901359.4, "trend": 133.097261, "fair_value": 134.51239, "relative_strength": -28.080584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.216025, "energy": 66.430929, "activity_lines": [ 123.764298, 126.709916, 128.453158, 130.075505 ] }, { "date": "2024-11-01", "close": 107.049358, "volume": 12049245, "typical_volume": 5285204.45, "trend": 132.021427, "fair_value": 134.435826, "relative_strength": -26.938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.27294, "energy": 84.115526, "activity_lines": [ 117.197423, 122.794939, 126.352578, 128.394995 ] }, { "date": "2024-11-08", "close": 115.341184, "volume": 7775951, "typical_volume": 5466537.25, "trend": 131.364728, "fair_value": 134.414876, "relative_strength": -24.317696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.933859, "energy": 78.024841, "activity_lines": [ 115.13012, 120.859532, 125.140766, 127.318851 ] }, { "date": "2024-11-15", "close": 115.539057, "volume": 6439353, "typical_volume": 5585602.45, "trend": 130.187943, "fair_value": 134.398999, "relative_strength": -22.073099, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.38848, "energy": 79.351611, "activity_lines": [ 114.026427, 119.299161, 124.02845, 126.29784 ] }, { "date": "2024-11-22", "close": 117.593169, "volume": 4929884, "typical_volume": 5615363.5, "trend": 129.155797, "fair_value": 134.412287, "relative_strength": -21.493938, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.262843, "energy": 70.939662, "activity_lines": [ 114.525821, 118.312365, 123.177621, 125.485274 ] }, { "date": "2024-11-29", "close": 119.411717, "volume": 4028843, "typical_volume": 5581695.25, "trend": 128.262296, "fair_value": 134.450598, "relative_strength": -20.749481, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.244535, "energy": 40.103499, "activity_lines": [ 116.785344, 117.871219, 122.529919, 124.856623 ] }, { "date": "2024-12-06", "close": 117.235113, "volume": 6916345, "typical_volume": 5529745.75, "trend": 127.362503, "fair_value": 134.443153, "relative_strength": -22.405737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.558551, "energy": 30.930199, "activity_lines": [ 117.534749, 117.210614, 121.722205, 124.145192 ] }, { "date": "2024-12-13", "close": 115.14536, "volume": 5567630, "typical_volume": 5475863.85, "trend": 126.466743, "fair_value": 134.431206, "relative_strength": -22.832854, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.619721, "energy": 30.096419, "activity_lines": [ 116.90852, 116.458212, 120.772981, 123.356989 ] }, { "date": "2024-12-20", "close": 109.930478, "volume": 8216938, "typical_volume": 5566019.35, "trend": 125.634641, "fair_value": 134.373897, "relative_strength": -24.432043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.443819, "energy": 41.934059, "activity_lines": [ 114.557051, 115.006025, 119.411089, 122.290134 ] }, { "date": "2024-12-27", "close": 111.09884, "volume": 3211808, "typical_volume": 5529899.75, "trend": 124.874924, "fair_value": 134.296889, "relative_strength": -23.613379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.802004, "energy": 49.467683, "activity_lines": [ 112.968942, 114.118709, 118.271741, 121.35234 ] }, { "date": "2025-01-03", "close": 111.003851, "volume": 4434761, "typical_volume": 5602406.35, "trend": 124.048566, "fair_value": 134.226365, "relative_strength": -22.765626, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.357029, "energy": 57.088424, "activity_lines": [ 111.782125, 113.646914, 117.205271, 120.457432 ] }, { "date": "2025-01-10", "close": 110.101458, "volume": 4111229, "typical_volume": 5657060.65, "trend": 123.456816, "fair_value": 134.154729, "relative_strength": -21.367634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.65688, "energy": 59.01787, "activity_lines": [ 110.855035, 112.94994, 116.142717, 119.557619 ] }, { "date": "2025-01-17", "close": 112.580664, "volume": 7808951, "typical_volume": 5872405.85, "trend": 122.800241, "fair_value": 134.141371, "relative_strength": -21.35185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.029841, "energy": 45.617933, "activity_lines": [ 111.229924, 112.648238, 115.425354, 118.855931 ] }, { "date": "2025-01-24", "close": 111.355309, "volume": 8276434, "typical_volume": 6085080.35, "trend": 122.19978, "fair_value": 134.121565, "relative_strength": -22.978879, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.508358, "energy": 52.194247, "activity_lines": [ 111.367341, 112.173936, 114.693238, 118.117549 ] }, { "date": "2025-01-31", "close": 110.42442, "volume": 8809756, "typical_volume": 6332058.95, "trend": 121.751294, "fair_value": 134.098663, "relative_strength": -22.303936, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.701666, "energy": 46.019418, "activity_lines": [ 111.099473, 111.60645, 113.944795, 117.357848 ] }, { "date": "2025-02-07", "close": 111.839752, "volume": 7500392, "typical_volume": 6523975.35, "trend": 121.167917, "fair_value": 134.102452, "relative_strength": -20.648364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.482202, "energy": 39.125932, "activity_lines": [ 111.348344, 111.426637, 113.421593, 116.718394 ] }, { "date": "2025-02-14", "close": 118.640946, "volume": 8249886, "typical_volume": 6737887.65, "trend": 120.812181, "fair_value": 134.148881, "relative_strength": -16.557663, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.447644, "energy": 18.517293, "activity_lines": [ 113.808552, 112.621078, 113.628352, 116.555363 ] }, { "date": "2025-02-21", "close": 115.534814, "volume": 7977378, "typical_volume": 6971006.7, "trend": 120.237243, "fair_value": 134.194538, "relative_strength": -16.875047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.654222, "energy": 17.673843, "activity_lines": [ 114.664084, 113.225206, 113.608063, 116.214888 ] }, { "date": "2025-02-28", "close": 118.621948, "volume": 7572075, "typical_volume": 7168504.4, "trend": 119.748062, "fair_value": 134.259894, "relative_strength": -13.2934, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.113968, "energy": 14.24253, "activity_lines": [ 116.351717, 114.38355, 113.944984, 116.110675 ] }, { "date": "2025-03-07", "close": 121.775575, "volume": 7470131, "typical_volume": 7308928.95, "trend": 119.530484, "fair_value": 134.350568, "relative_strength": -7.656302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.864786, "energy": 25.333109, "activity_lines": [ 118.606117, 115.957255, 114.633169, 116.241483 ] }, { "date": "2025-03-14", "close": 116.824881, "volume": 8028298, "typical_volume": 6968764.4, "trend": 119.095507, "fair_value": 134.368062, "relative_strength": -8.771526, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.894104, "energy": 17.581316, "activity_lines": [ 118.453542, 116.436711, 114.912367, 116.066928 ] }, { "date": "2025-03-21", "close": 113.74147, "volume": 8837053, "typical_volume": 6808154.8, "trend": 118.453309, "fair_value": 134.368399, "relative_strength": -11.032118, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.29504, "energy": 15.166887, "activity_lines": [ 116.940821, 116.24971, 114.854183, 115.721506 ] }, { "date": "2025-03-28", "close": 113.44462, "volume": 8208244, "typical_volume": 6829769.45, "trend": 117.76848, "fair_value": 134.38163, "relative_strength": -9.363104, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.469523, "energy": 13.357572, "activity_lines": [ 115.655781, 115.942554, 114.735862, 115.398365 ] }, { "date": "2025-04-04", "close": 111.855036, "volume": 7025560, "typical_volume": 6859079.8, "trend": 117.278829, "fair_value": 134.350144, "relative_strength": -1.294661, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.064728, "energy": 24.6124, "activity_lines": [ 113.980227, 115.330674, 114.475182, 115.016852 ] }, { "date": "2025-04-11", "close": 110.361209, "volume": 11226479, "typical_volume": 7173909.55, "trend": 116.643588, "fair_value": 134.315205, "relative_strength": -7.355601, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.122035, "energy": 30.659088, "activity_lines": [ 112.257858, 114.438104, 114.089776, 114.570554 ] }, { "date": "2025-04-18", "close": 109.259991, "volume": 4893020, "typical_volume": 7217118.4, "trend": 115.982005, "fair_value": 134.257899, "relative_strength": -6.151449, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -59.297723, "energy": 42.53998, "activity_lines": [ 110.929374, 113.346461, 113.63393, 114.094193 ] }, { "date": "2025-04-25", "close": 111.692247, "volume": 8910864, "typical_volume": 7316844.35, "trend": 115.268953, "fair_value": 134.236538, "relative_strength": -7.534862, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.671452, "energy": 42.228483, "activity_lines": [ 110.915968, 112.743952, 113.458069, 113.817434 ] }, { "date": "2025-05-02", "close": 115.187418, "volume": 6105923, "typical_volume": 7343759.0, "trend": 114.815, "fair_value": 134.233386, "relative_strength": -6.646782, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -41.459736, "energy": 23.584793, "activity_lines": [ 112.204234, 112.903268, 113.641476, 113.812174 ] }, { "date": "2025-05-09", "close": 112.43916, "volume": 4807202, "typical_volume": 7173272.2, "trend": 114.252479, "fair_value": 134.189996, "relative_strength": -7.822253, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -44.685124, "energy": 20.723089, "activity_lines": [ 112.460227, 112.569217, 113.562944, 113.658894 ] }, { "date": "2025-05-16", "close": 123.211946, "volume": 8997164, "typical_volume": 7462540.0, "trend": 113.862799, "fair_value": 134.251041, "relative_strength": -3.514837, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 51.960985, "energy": 28.559866, "activity_lines": [ 116.268207, 114.306269, 114.498446, 114.236924 ] }, { "date": "2025-05-23", "close": 120.856297, "volume": 5392202, "typical_volume": 7510412.05, "trend": 114.303243, "fair_value": 134.23666, "relative_strength": -2.462924, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 57.313194, "energy": 43.224427, "activity_lines": [ 118.434255, 115.588905, 115.151918, 114.688118 ] }, { "date": "2025-05-30", "close": 121.153147, "volume": 5494409, "typical_volume": 7579571.05, "trend": 114.773369, "fair_value": 134.237452, "relative_strength": -3.481562, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 58.664129, "energy": 57.139505, "activity_lines": [ 119.926167, 116.852216, 115.786746, 115.130047 ] }, { "date": "2025-06-06", "close": 120.942479, "volume": 4220216, "typical_volume": 7400134.3, "trend": 114.960079, "fair_value": 134.237007, "relative_strength": -4.73856, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.845336, "energy": 62.625588, "activity_lines": [ 120.717128, 117.942465, 116.348883, 115.528054 ] }, { "date": "2025-06-13", "close": 115.545589, "volume": 5567735, "typical_volume": 7264699.35, "trend": 114.960297, "fair_value": 134.251673, "relative_strength": -8.288692, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.194544, "energy": 46.73026, "activity_lines": [ 119.325456, 117.915137, 116.357212, 115.565829 ] }, { "date": "2025-06-20", "close": 115.63248, "volume": 5215370, "typical_volume": 7084980.05, "trend": 114.894941, "fair_value": 134.21251, "relative_strength": -7.640985, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.747994, "energy": 21.811329, "activity_lines": [ 117.755652, 117.836506, 116.353862, 115.609195 ] }, { "date": "2025-06-27", "close": 116.317953, "volume": 4467881, "typical_volume": 6933354.5, "trend": 114.791815, "fair_value": 134.197144, "relative_strength": -9.786312, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 33.090666, "energy": 15.946989, "activity_lines": [ 116.919637, 117.786666, 116.390996, 115.701003 ] }, { "date": "2025-07-04", "close": 123.008552, "volume": 4397447, "typical_volume": 6740732.55, "trend": 114.984263, "fair_value": 134.203039, "relative_strength": -5.934648, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.874692, "energy": 21.819225, "activity_lines": [ 118.616378, 118.824972, 117.044005, 116.231115 ] }, { "date": "2025-07-11", "close": 120.237698, "volume": 5320167, "typical_volume": 6607872.0, "trend": 115.154008, "fair_value": 134.183182, "relative_strength": -7.4507, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.860345, "energy": 26.969751, "activity_lines": [ 119.265807, 119.153734, 117.412324, 116.570046 ] }, { "date": "2025-07-18", "close": 118.664007, "volume": 5029069, "typical_volume": 6480721.7, "trend": 115.445125, "fair_value": 134.119282, "relative_strength": -8.82263, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.289611, "energy": 32.511409, "activity_lines": [ 119.437658, 119.104548, 117.608374, 116.796498 ] }, { "date": "2025-07-25", "close": 129.08126, "volume": 8368633, "typical_volume": 6525646.8, "trend": 116.044539, "fair_value": 134.074337, "relative_strength": -1.897293, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.851346, "energy": 66.9874, "activity_lines": [ 122.874032, 120.836229, 118.796343, 117.676248 ] }, { "date": "2025-08-01", "close": 123.867806, "volume": 8368092, "typical_volume": 6542636.5, "trend": 116.473338, "fair_value": 134.006758, "relative_strength": -3.043119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.196919, "energy": 58.085605, "activity_lines": [ 123.676003, 121.513295, 119.453003, 118.180975 ] }, { "date": "2025-08-08", "close": 128.492333, "volume": 4852004, "typical_volume": 6343384.05, "trend": 117.086367, "fair_value": 133.928191, "relative_strength": -1.475828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.134331, "energy": 67.974909, "activity_lines": [ 125.516159, 122.976429, 120.516557, 118.956394 ] }, { "date": "2025-08-15", "close": 133.039624, "volume": 5202393, "typical_volume": 6193091.5, "trend": 117.768332, "fair_value": 133.868787, "relative_strength": 1.30825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.745519, "energy": 82.015883, "activity_lines": [ 128.506493, 125.132903, 121.942944, 119.985637 ] }, { "date": "2025-08-22", "close": 134.680896, "volume": 4153780, "typical_volume": 6049502.5, "trend": 118.545852, "fair_value": 133.839478, "relative_strength": 2.558947, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.052048, "energy": 82.840816, "activity_lines": [ 131.190456, 127.367842, 123.432333, 121.07677 ] }, { "date": "2025-08-29", "close": 134.516769, "volume": 5007670, "typical_volume": 5738562.05, "trend": 119.34893, "fair_value": 133.799257, "relative_strength": 2.787259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.040696, "energy": 84.077002, "activity_lines": [ 132.751918, 129.225025, 124.797396, 122.107152 ] }, { "date": "2025-09-05", "close": 135.675314, "volume": 7204270, "typical_volume": 5854124.55, "trend": 120.143449, "fair_value": 133.73461, "relative_strength": 3.591515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.954203, "energy": 82.466123, "activity_lines": [ 134.337194, 130.949502, 126.157771, 123.160467 ] }, { "date": "2025-09-12", "close": 137.406512, "volume": 6308152, "typical_volume": 5723988.95, "trend": 120.768968, "fair_value": 133.727664, "relative_strength": 3.52772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.510073, "energy": 80.262114, "activity_lines": [ 135.712369, 132.636791, 127.557234, 124.274213 ] }, { "date": "2025-09-19", "close": 133.56481, "volume": 7430265, "typical_volume": 5790206.05, "trend": 121.369968, "fair_value": 133.716982, "relative_strength": -0.322907, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.472707, "energy": 55.820764, "activity_lines": [ 135.212698, 133.363807, 128.468372, 125.099751 ] }, { "date": "2025-09-26", "close": 133.914939, "volume": 5591292, "typical_volume": 5829410.55, "trend": 121.879734, "fair_value": 133.718417, "relative_strength": 0.541722, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.378518, "energy": 50.072865, "activity_lines": [ 134.794725, 133.912172, 129.325344, 125.909104 ] }, { "date": "2025-10-03", "close": 135.899008, "volume": 4936760, "typical_volume": 5626390.35, "trend": 122.350515, "fair_value": 133.706456, "relative_strength": 1.140899, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.847922, "energy": 48.984187, "activity_lines": [ 135.089171, 134.543986, 130.269009, 126.813573 ] }, { "date": "2025-10-10", "close": 126.766455, "volume": 4731379, "typical_volume": 5593349.2, "trend": 122.681901, "fair_value": 133.632394, "relative_strength": -3.022439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.813043, "energy": 26.394008, "activity_lines": [ 132.247284, 133.391378, 130.282493, 127.098472 ] }, { "date": "2025-10-17", "close": 129.450784, "volume": 4479539, "typical_volume": 5542605.7, "trend": 123.205545, "fair_value": 133.530429, "relative_strength": -2.300267, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.302452, "energy": 20.31194, "activity_lines": [ 130.894097, 132.674127, 130.523484, 127.535175 ] }, { "date": "2025-10-24", "close": 127.340279, "volume": 8693203, "typical_volume": 5766255.05, "trend": 123.668733, "fair_value": 133.320179, "relative_strength": -5.716918, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.793598, "energy": 20.461434, "activity_lines": [ 129.36779, 131.555721, 130.523962, 127.801932 ] }, { "date": "2025-10-31", "close": 123.819529, "volume": 4880860, "typical_volume": 5731911.3, "trend": 124.06755, "fair_value": 133.091147, "relative_strength": -8.898204, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.931337, "energy": 20.772027, "activity_lines": [ 127.082869, 129.900803, 130.158664, 127.81166 ] }, { "date": "2025-11-07", "close": 123.18735, "volume": 6687364, "typical_volume": 5805511.0, "trend": 124.495088, "fair_value": 132.859441, "relative_strength": -7.762404, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.414246, "energy": 23.835185, "activity_lines": [ 125.260248, 128.328423, 129.693759, 127.754873 ] }, { "date": "2025-11-14", "close": 123.7709, "volume": 5509008, "typical_volume": 5857567.35, "trend": 124.978785, "fair_value": 132.615865, "relative_strength": -7.319653, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.120265, "energy": 33.656926, "activity_lines": [ 124.479589, 127.068133, 129.248455, 127.708152 ] }, { "date": "2025-11-21", "close": 125.035257, "volume": 5494855, "typical_volume": 5912437.75, "trend": 125.423552, "fair_value": 132.349286, "relative_strength": -4.446549, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.848118, "energy": 36.526089, "activity_lines": [ 124.320085, 126.254169, 128.888076, 127.711795 ] }, { "date": "2025-11-28", "close": 126.82481, "volume": 4671133, "typical_volume": 5879986.05, "trend": 125.811465, "fair_value": 132.082204, "relative_strength": -6.397842, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.596712, "energy": 25.504612, "activity_lines": [ 125.051467, 125.990511, 128.688479, 127.802199 ] }, { "date": "2025-12-05", "close": 127.670957, "volume": 4473987, "typical_volume": 5852231.95, "trend": 126.319191, "fair_value": 131.849496, "relative_strength": -6.00715, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.445626, "energy": 8.880781, "activity_lines": [ 126.099263, 126.003243, 128.5381, 127.922166 ] }, { "date": "2025-12-12", "close": 128.955117, "volume": 6961832, "typical_volume": 5781891.9, "trend": 126.51063, "fair_value": 131.656451, "relative_strength": -4.479887, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.428292, "energy": 7.811195, "activity_lines": [ 127.31835, 126.362985, 128.467132, 128.092226 ] }, { "date": "2025-12-19", "close": 122.985245, "volume": 7223296, "typical_volume": 5724652.1, "trend": 126.581595, "fair_value": 131.426522, "relative_strength": -8.946257, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.574208, "energy": 9.900607, "activity_lines": [ 126.162963, 125.763549, 127.828206, 127.864781 ] }, { "date": "2025-12-26", "close": 123.416566, "volume": 2707610, "typical_volume": 5617432.4, "trend": 126.657043, "fair_value": 131.217004, "relative_strength": -9.825088, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -25.701937, "energy": 15.672407, "activity_lines": [ 125.203726, 125.311284, 127.23456, 127.660586 ] }, { "date": "2026-01-02", "close": 121.554044, "volume": 2914360, "typical_volume": 5503030.75, "trend": 126.677428, "fair_value": 131.010946, "relative_strength": -10.154971, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -32.32632, "energy": 31.672586, "activity_lines": [ 123.731561, 124.630092, 126.487702, 127.33136 ] }, { "date": "2026-01-09", "close": 125.808436, "volume": 5655509, "typical_volume": 5578117.2, "trend": 127.019523, "fair_value": 130.839542, "relative_strength": -8.376179, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -23.528997, "energy": 32.572847, "activity_lines": [ 124.028911, 124.82763, 126.200717, 127.275296 ] }, { "date": "2026-01-16", "close": 134.238797, "volume": 5760158, "typical_volume": 5615741.6, "trend": 127.639734, "fair_value": 130.767276, "relative_strength": -1.929062, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 19.442052, "energy": 9.503939, "activity_lines": [ 127.260549, 126.521799, 126.758874, 127.741056 ] }, { "date": "2026-01-23", "close": 134.915186, "volume": 3588805, "typical_volume": 5434968.35, "trend": 128.259641, "fair_value": 130.675125, "relative_strength": -1.187687, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.754697, "energy": 26.821856, "activity_lines": [ 130.365405, 128.138012, 127.382772, 128.21044 ] }, { "date": "2026-01-30", "close": 136.248359, "volume": 6618069, "typical_volume": 5450464.2, "trend": 128.700968, "fair_value": 130.577967, "relative_strength": -0.714991, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 39.661446, "energy": 48.792498, "activity_lines": [ 133.119323, 129.793997, 128.137259, 128.725841 ] }, { "date": "2026-02-06", "close": 145.580573, "volume": 5804381, "typical_volume": 5369170.0, "trend": 129.545731, "fair_value": 130.513238, "relative_strength": 6.061861, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 75.791116, "energy": 79.047836, "activity_lines": [ 138.128526, 132.942874, 129.786043, 129.814848 ] }, { "date": "2026-02-13", "close": 144.257202, "volume": 6134555, "typical_volume": 5396333.15, "trend": 130.398837, "fair_value": 130.399078, "relative_strength": 6.313581, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.871843, "energy": 84.352344, "activity_lines": [ 141.094837, 135.510124, 131.251573, 130.763975 ] }, { "date": "2026-02-20", "close": 115.731213, "volume": 10969142, "typical_volume": 5697952.25, "trend": 129.953836, "fair_value": 130.109673, "relative_strength": -15.439063, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -0.995876, "energy": 14.458161, "activity_lines": [ 133.322566, 132.589262, 129.951094, 129.817677 ] }, { "date": "2026-02-27", "close": 116.907543, "volume": 8788944, "typical_volume": 5900830.5, "trend": 129.721827, "fair_value": 129.862786, "relative_strength": -13.887968, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.066585, "energy": 18.69057, "activity_lines": [ 127.176245, 130.122713, 128.858684, 128.97598 ] }, { "date": "2026-03-06", "close": 114.282858, "volume": 5932918, "typical_volume": 5973499.45, "trend": 129.248178, "fair_value": 129.650165, "relative_strength": -13.748981, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.840084, "energy": 50.227143, "activity_lines": [ 121.355539, 127.289452, 127.563251, 127.979918 ] }, { "date": "2026-03-13", "close": 104.607595, "volume": 11983380, "typical_volume": 6138008.3, "trend": 128.300443, "fair_value": 129.380859, "relative_strength": -19.439007, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -83.066297, "energy": 66.248958, "activity_lines": [ 113.774111, 122.86312, 125.418592, 126.390203 ] }, { "date": "2026-03-20", "close": 95.347834, "volume": 13674155, "typical_volume": 6577673.05, "trend": 126.989341, "fair_value": 129.082292, "relative_strength": -24.804937, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.956349, "energy": 94.273379, "activity_lines": [ 105.837628, 117.061312, 122.500302, 124.264228 ] }, { "date": "2026-03-27", "close": 103.895306, "volume": 12425902, "typical_volume": 6864599.95, "trend": 125.968626, "fair_value": 128.778032, "relative_strength": -15.839881, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.020523, "energy": 86.108968, "activity_lines": [ 104.010927, 113.36742, 120.531637, 122.77429 ] }, { "date": "2026-04-03", "close": 102.361905, "volume": 9271040, "typical_volume": 7052701.55, "trend": 124.858179, "fair_value": 128.493112, "relative_strength": -19.289865, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.030877, "energy": 85.958676, "activity_lines": [ 102.462153, 109.946427, 118.5088, 121.251276 ] }, { "date": "2026-04-10", "close": 106.358639, "volume": 8822387, "typical_volume": 7219078.15, "trend": 123.82325, "fair_value": 128.217633, "relative_strength": -18.629978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.516281, "energy": 74.315169, "activity_lines": [ 103.215333, 107.84399, 116.968552, 120.057757 ] }, { "date": "2026-04-17", "close": 112.571385, "volume": 9519777, "typical_volume": 7461510.35, "trend": 123.123469, "fair_value": 127.97357, "relative_strength": -17.171913, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.236686, "energy": 48.801951, "activity_lines": [ 106.567709, 107.414594, 116.108931, 119.331831 ] }, { "date": "2026-04-24", "close": 107.575467, "volume": 10272357, "typical_volume": 7751428.85, "trend": 122.245487, "fair_value": 127.687101, "relative_strength": -20.835677, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.129601, "energy": 38.44611, "activity_lines": [ 107.723861, 106.677015, 114.841381, 118.328734 ] }, { "date": "2026-05-01", "close": 103.865627, "volume": 7758025, "typical_volume": 7791238.5, "trend": 121.177707, "fair_value": 127.34542, "relative_strength": -23.804405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.681047, "energy": 36.001895, "activity_lines": [ 106.828223, 105.931861, 113.316206, 117.142936 ] }, { "date": "2026-05-08", "close": 103.598518, "volume": 5972197, "typical_volume": 7728683.55, "trend": 120.405443, "fair_value": 127.019888, "relative_strength": -25.284901, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.31511, "energy": 36.324185, "activity_lines": [ 105.845527, 105.35388, 111.885066, 116.008795 ] }, { "date": "2026-05-15", "close": 91.875424, "volume": 8133538, "typical_volume": 7999979.95, "trend": 119.152931, "fair_value": 126.653307, "relative_strength": -33.295474, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.691621, "energy": 57.56871, "activity_lines": [ 100.872693, 102.886409, 109.429759, 114.168149 ] }, { "date": "2026-05-22", "close": 96.821877, "volume": 7431584, "typical_volume": 8225841.15, "trend": 118.135651, "fair_value": 126.362276, "relative_strength": -29.724973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.468073, "energy": 78.312245, "activity_lines": [ 98.514224, 101.725701, 107.595738, 112.727435 ] }, { "date": "2026-05-29", "close": 97.642989, "volume": 7117994, "typical_volume": 8298965.4, "trend": 117.263099, "fair_value": 126.093231, "relative_strength": -29.566614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.008458, "energy": 76.668146, "activity_lines": [ 97.479426, 100.855845, 105.957691, 111.405328 ] }, { "date": "2026-06-05", "close": 98.15, "volume": 7388501, "typical_volume": 8380382.55, "trend": 116.428521, "fair_value": 125.813022, "relative_strength": -26.837888, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.749606, "energy": 74.245345, "activity_lines": [ 97.275797, 100.036442, 104.502051, 110.172225 ] }, { "date": "2026-06-12", "close": 103.75, "volume": 6957563, "typical_volume": 8548820.45, "trend": 115.761158, "fair_value": 125.535736, "relative_strength": -22.644371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.327938, "energy": 46.514728, "activity_lines": [ 99.319876, 100.339682, 103.751596, 109.354256 ] }, { "date": "2026-06-19", "close": 108.7, "volume": 11186385, "typical_volume": 8777236.25, "trend": 115.216649, "fair_value": 125.300685, "relative_strength": -19.261751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.334255, "energy": 27.284622, "activity_lines": [ 103.003857, 101.517683, 103.620976, 108.898697 ] }, { "date": "2026-06-26", "close": 116.02, "volume": 9254740, "typical_volume": 8949754.2, "trend": 114.856489, "fair_value": 125.056765, "relative_strength": -11.423177, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.954786, "energy": 17.247628, "activity_lines": [ 108.006199, 103.984023, 104.318681, 108.950527 ] }, { "date": "2026-07-03", "close": 132.57, "volume": 9465386, "typical_volume": 9116295.75, "trend": 115.01979, "fair_value": 124.94117, "relative_strength": -0.711764, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 48.32725, "energy": 48.224026, "activity_lines": [ 117.245333, 109.396753, 106.733341, 110.093334 ] }, { "date": "2026-07-10", "close": 125.62, "volume": 11882327, "typical_volume": 9161955.0, "trend": 114.90862, "fair_value": 124.777989, "relative_strength": -6.899318, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.711157, "energy": 55.620573, "activity_lines": [ 121.839333, 113.091399, 108.54175, 110.777218 ] }, { "date": "2026-07-17", "close": 124.82, "volume": 8982373, "typical_volume": 9171626.45, "trend": 114.969778, "fair_value": 124.665882, "relative_strength": -5.80548, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 30.425787, "energy": 66.101585, "activity_lines": [ 124.335333, 116.245057, 110.226878, 111.416662 ] }, { "date": "2026-07-24", "close": 124.21, "volume": 11313200, "typical_volume": 9440640.55, "trend": 114.996226, "fair_value": 124.549747, "relative_strength": -5.337455, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.688178, "energy": 64.497649, "activity_lines": [ 125.223333, 118.901961, 111.816233, 112.012805 ] }, { "date": "2026-07-31", "close": 124.37, "volume": 6788342, "typical_volume": 9180888.65, "trend": 115.090091, "fair_value": 124.439481, "relative_strength": -5.887036, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 35.765241, "energy": 48.893593, "activity_lines": [ 125.130667, 121.000054, 113.373554, 112.617565 ] }, { "date": "2026-08-07", "close": 135.63, "volume": 5314943, "typical_volume": 8762928.05, "trend": 115.417477, "fair_value": 124.386864, "relative_strength": -0.539859, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.367908, "energy": 49.419194, "activity_lines": [ 128.234667, 124.644545, 115.90915, 113.94272 ] } ], "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." } } }