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"activity_lines": [ 101.065333, 104.25709, 105.974, 110.310666 ] }, { "date": "2026-07-10", "close": 107.510002, "volume": 71237736, "typical_volume": 32048280.7, "trend": 113.943, "fair_value": 79.591201, "relative_strength": 2.229265, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.065557, "energy": 23.164576, "activity_lines": [ 103.574667, 104.112364, 105.760143, 109.892473 ] }, { "date": "2026-07-17", "close": 77.089996, "volume": 48538779, "typical_volume": 33289056.9, "trend": 112.579333, "fair_value": 79.570004, "relative_strength": -22.410196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.928319, "energy": 45.116607, "activity_lines": [ 95.116666, 98.714726, 102.827619, 107.51486 ] }, { "date": "2026-07-24", "close": 66.830002, "volume": 37390035, "typical_volume": 33732068.0, "trend": 111.447666, "fair_value": 79.462945, "relative_strength": -33.677988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.992353, "energy": 68.641242, "activity_lines": [ 84.477333, 92.223454, 99.244571, 104.56329 ] }, { "date": "2026-07-31", "close": 59.900002, "volume": 30282776, "typical_volume": 33959055.5, "trend": 110.021, "fair_value": 79.299921, "relative_strength": -40.7449, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.295166, "energy": 82.410356, "activity_lines": [ 74.178001, 85.299091, 95.286143, 101.237634 ] }, { "date": "2026-08-07", "close": 68.349998, "volume": 29650456, "typical_volume": 34217243.1, "trend": 108.9, "fair_value": 79.209426, "relative_strength": -34.267106, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.983266, "energy": 81.279371, "activity_lines": [ 69.568667, 81.052909, 92.354714, 98.549182 ] } ], "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." } } }