{ "ticker": { "uuid": "a6d3715d-8ab6-42dd-9b0a-0619aab97e02", "symbol": "KSM-F80", "name": "KSM Mutual Funds Ltd. - KSM ETF (4D) S&P 500", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -52.783, "architecture_energy": 63.022, "architecture_maturity": 95.0, "architecture_confidence": 56.812, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 25.75, "rotation_up": 27.97, "upward_expansion": 22.5, "deceleration": 67.0, "rotation_down": 44.33, "downward_expansion": 65.5 }, "activity_lines": [ 252.753333, 250.02, 6332.638571, 10665.628172 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 256.1, "trend_reference": 15645.51, "distance_from_trend": -0.983631, "trend_direction": "Weakening", "fair_value": 20849.328846, "distance_from_fair_value": -0.987717, "fair_value_direction": "Weakening", "relative_strength": -98.826184, "relative_strength_direction": "Weakening", "price_momentum": -0.989107, "excess_performance": -1.018007, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.983631, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.338008, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.987717, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -1.067363, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.988262, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.740165, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.989107, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.641637, "read": "Demand-led" } ], "volume": { "latest": 268464, "relative_activity": 2.427168, "balance": 2.641637, "dry_up": 1.47913, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 7.370408, "annualized_volatility": 6.344449, "from_high_reference": -0.989686, "from_low_reference": 0.072446 }, "levels": { "trend_reference": 15645.51, "fair_value_reference": 20849.328846, "structural_low": 238.8, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": 0.020056, "positive_rate": 0.642857, "directional_follow_through": 0.285714, "median_excess_return": -0.016374, "regime_survival": 0.642857, "best_return": 0.050212, "worst_return": -0.047054, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.016678, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": -0.030621, "regime_survival": 0.2, "best_return": 0.067735, "worst_return": -0.096711, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.095754, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.030167, "regime_survival": 0.0, "best_return": 0.111883, "worst_return": -0.035526, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.022825, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": -0.272609, "regime_survival": 0.5, "best_return": 0.023939, "worst_return": 0.021711, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-22", "end": "2024-08-09", "tenure": "Extended", "return": 0.16284, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-23", "tenure": "New", "return": 0.025112, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-30", "end": "2024-12-13", "tenure": "Established", "return": 0.051327, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-20", "end": "2025-03-07", "tenure": "Developing", "return": -0.030534, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": 0.027703, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-30", "tenure": "Developing", "return": 0.031165, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-25", "tenure": "Developing", "return": 0.021834, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-15", "tenure": "New", "return": 0.006276, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-22", "end": "2025-11-21", "tenure": "Established", "return": 0.008772, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-30", "tenure": "Developing", "return": -0.038744, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": -0.014887, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-20", "end": "2026-05-08", "tenure": "Developing", "return": -0.000848, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": -0.018852, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.058264, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 18140.0, "volume": 264071, "typical_volume": 209158.55, "trend": 16573.666667, "fair_value": 14860.576923, "relative_strength": 15.242176, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.182963, "energy": 66.001303, "activity_lines": [ 18166.0, 17983.272727, 17514.142857, 17107.892473 ] }, { "date": "2023-08-25", "close": 18240.0, "volume": 54807, "typical_volume": 206923.0, "trend": 16687.333333, "fair_value": 14897.435897, "relative_strength": 14.491346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.182049, "energy": 64.236013, "activity_lines": [ 18202.666667, 18066.545455, 17623.0, 17215.397849 ] }, { "date": "2023-09-01", "close": 18750.0, "volume": 164426, "typical_volume": 213321.4, "trend": 16802.333333, "fair_value": 14936.025641, "relative_strength": 16.467105, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.250024, "energy": 70.742201, "activity_lines": [ 18381.333333, 18219.636364, 17769.761905, 17348.473118 ] }, { "date": "2023-09-08", "close": 18600.0, "volume": 247398, "typical_volume": 213526.95, "trend": 16899.666667, "fair_value": 14975.833333, "relative_strength": 16.094698, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.129119, "energy": 66.893085, "activity_lines": [ 18486.0, 18317.272727, 17890.333333, 17464.451613 ] }, { "date": "2023-09-15", "close": 18630.0, "volume": 153327, "typical_volume": 206153.65, "trend": 16993.666667, "fair_value": 15016.987179, "relative_strength": 14.491189, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.991865, "energy": 66.965357, "activity_lines": [ 18561.333333, 18402.363636, 18003.142857, 17576.086022 ] }, { "date": "2023-09-22", "close": 18090.0, "volume": 267735, "typical_volume": 208084.4, "trend": 17070.333333, "fair_value": 15056.153846, "relative_strength": 9.670224, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.712575, "energy": 58.256028, "activity_lines": [ 18434.0, 18373.636364, 18052.714286, 17646.817204 ] }, { "date": "2023-09-29", "close": 17950.0, "volume": 66435, "typical_volume": 201601.15, "trend": 17150.0, "fair_value": 15092.75641, "relative_strength": 9.246486, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.903092, "energy": 42.559251, "activity_lines": [ 18263.333333, 18310.727273, 18079.380952, 17703.569892 ] }, { "date": "2023-10-06", "close": 17880.0, "volume": 107638, "typical_volume": 193238.7, "trend": 17227.333333, "fair_value": 15128.076923, "relative_strength": 9.164305, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.35078, "energy": 25.20423, "activity_lines": [ 18088.666667, 18232.727273, 18091.333333, 17750.666667 ] }, { "date": "2023-10-13", "close": 18830.0, "volume": 103636, "typical_volume": 188121.4, "trend": 17337.333333, "fair_value": 15168.846154, "relative_strength": 21.902784, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.881975, "energy": 33.543443, "activity_lines": [ 18288.666667, 18336.727273, 18186.952381, 17854.064516 ] }, { "date": "2023-10-20", "close": 18950.0, "volume": 143773, "typical_volume": 185664.35, "trend": 17453.0, "fair_value": 15210.961538, "relative_strength": 24.886103, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.36826, "energy": 47.853268, "activity_lines": [ 18513.333333, 18447.636364, 18283.52381, 17958.107527 ] }, { "date": "2023-10-27", "close": 18580.0, "volume": 364580, "typical_volume": 193211.7, "trend": 17548.0, "fair_value": 15253.141026, "relative_strength": 26.260982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.072532, "energy": 46.931918, "activity_lines": [ 18593.333333, 18479.272727, 18335.428571, 18030.817204 ] }, { "date": "2023-11-03", "close": 18510.0, "volume": 193508, "typical_volume": 186974.05, "trend": 17631.666667, "fair_value": 15291.217949, "relative_strength": 18.86885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.155178, "energy": 49.948806, "activity_lines": [ 18617.333333, 18490.181818, 18372.952381, 18092.88172 ] }, { "date": "2023-11-10", "close": 18360.0, "volume": 82909, "typical_volume": 185870.65, "trend": 17702.0, "fair_value": 15326.923077, "relative_strength": 15.855404, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.114488, "energy": 41.224413, "activity_lines": [ 18554.0, 18468.909091, 18388.904762, 18139.870968 ] }, { "date": "2023-11-17", "close": 18370.0, "volume": 109595, "typical_volume": 177317.4, "trend": 17768.666667, "fair_value": 15363.076923, "relative_strength": 14.062857, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.571761, "energy": 27.426232, "activity_lines": [ 18462.0, 18456.545455, 18400.285714, 18182.967742 ] }, { "date": "2023-11-24", "close": 18630.0, "volume": 120978, "typical_volume": 180737.95, "trend": 17851.333333, "fair_value": 15400.064103, "relative_strength": 10.291344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.779428, "energy": 24.56465, "activity_lines": [ 18487.333333, 18495.636364, 18432.809524, 18238.537634 ] }, { "date": "2023-12-01", "close": 18460.0, "volume": 119471, "typical_volume": 168671.45, "trend": 17930.666667, "fair_value": 15436.538462, "relative_strength": 10.165168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.720788, "energy": 19.209078, "activity_lines": [ 18477.333333, 18503.818182, 18445.047619, 18277.806452 ] }, { "date": "2023-12-08", "close": 18460.0, "volume": 68212, "typical_volume": 162904.45, "trend": 18004.0, "fair_value": 15473.461538, "relative_strength": 7.963485, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.381018, "energy": 19.439606, "activity_lines": [ 18475.333333, 18505.272727, 18453.238095, 18311.956989 ] }, { "date": "2023-12-15", "close": 19000.0, "volume": 158826, "typical_volume": 159976.6, "trend": 18089.0, "fair_value": 15512.692308, "relative_strength": 9.31966, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.781378, "energy": 39.00283, "activity_lines": [ 18656.666667, 18595.636364, 18509.809524, 18376.215054 ] }, { "date": "2023-12-22", "close": 18730.0, "volume": 161249, "typical_volume": 163411.8, "trend": 18159.0, "fair_value": 15551.602564, "relative_strength": 5.694805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.076573, "energy": 37.191604, "activity_lines": [ 18705.333333, 18616.545455, 18537.761905, 18417.569892 ] }, { "date": "2023-12-29", "close": 18930.0, "volume": 119935, "typical_volume": 153625.45, "trend": 18224.333333, "fair_value": 15590.641026, "relative_strength": 6.214554, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.239876, "energy": 49.348526, "activity_lines": [ 18796.666667, 18675.636364, 18581.333333, 18467.311828 ] }, { "date": "2024-01-05", "close": 18840.0, "volume": 218324, "typical_volume": 151338.1, "trend": 18287.0, "fair_value": 15629.102564, "relative_strength": 4.045955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.287693, "energy": 52.321955, "activity_lines": [ 18838.0, 18718.727273, 18613.285714, 18507.032258 ] }, { "date": "2024-01-12", "close": 19510.0, "volume": 318357, "typical_volume": 164515.6, "trend": 18371.333333, "fair_value": 15671.153846, "relative_strength": 8.053198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.108774, "energy": 72.517555, "activity_lines": [ 19077.333333, 18878.909091, 18705.714286, 18585.935484 ] }, { "date": "2024-01-19", "close": 19600.0, "volume": 83981, "typical_volume": 160493.35, "trend": 18451.333333, "fair_value": 15710.769231, "relative_strength": 9.261653, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.253531, "energy": 82.023424, "activity_lines": [ 19276.666667, 19037.272727, 18800.666667, 18665.204301 ] }, { "date": "2024-01-26", "close": 19700.0, "volume": 98950, "typical_volume": 153070.95, "trend": 18521.0, "fair_value": 15751.794872, "relative_strength": 10.037063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.986225, "energy": 86.434253, "activity_lines": [ 19469.333333, 19191.272727, 18901.095238, 18745.763441 ] }, { "date": "2024-02-02", "close": 19420.0, "volume": 330208, "typical_volume": 161915.0, "trend": 18576.0, "fair_value": 15790.0, "relative_strength": 8.53897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.27723, "energy": 80.311921, "activity_lines": [ 19504.0, 19270.181818, 18969.619048, 18803.763441 ] }, { "date": "2024-02-09", "close": 20140.0, "volume": 85120, "typical_volume": 152784.25, "trend": 18660.333333, "fair_value": 15832.051282, "relative_strength": 11.242981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.738826, "energy": 88.555639, "activity_lines": [ 19746.0, 19465.636364, 19102.952381, 18904.666667 ] }, { "date": "2024-02-16", "close": 19850.0, "volume": 94545, "typical_volume": 154189.75, "trend": 18728.0, "fair_value": 15872.115385, "relative_strength": 7.446506, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.513537, "energy": 74.493723, "activity_lines": [ 19804.666667, 19577.818182, 19198.904762, 18981.419355 ] }, { "date": "2024-02-23", "close": 20130.0, "volume": 374678, "typical_volume": 167541.75, "trend": 18786.0, "fair_value": 15913.717949, "relative_strength": 5.677587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.097765, "energy": 67.633075, "activity_lines": [ 19934.0, 19715.636364, 19312.47619, 19071.870968 ] }, { "date": "2024-03-01", "close": 19840.0, "volume": 110710, "typical_volume": 167895.45, "trend": 18847.0, "fair_value": 15954.679487, "relative_strength": 2.164497, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.87423, "energy": 57.17142, "activity_lines": [ 19931.333333, 19780.181818, 19387.714286, 19139.870968 ] }, { "date": "2024-03-08", "close": 20140.0, "volume": 150274, "typical_volume": 168220.5, "trend": 18908.666667, "fair_value": 15994.871795, "relative_strength": 3.76984, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.01583, "energy": 56.944648, "activity_lines": [ 20019.333333, 19879.090909, 19486.714286, 19223.290323 ] }, { "date": "2024-03-15", "close": 20520.0, "volume": 174338, "typical_volume": 158708.4, "trend": 18988.0, "fair_value": 16037.24359, "relative_strength": 8.435794, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.08623, "energy": 62.710091, "activity_lines": [ 20186.0, 20025.090909, 19616.238095, 19327.247312 ] }, { "date": "2024-03-22", "close": 20690.0, "volume": 223582, "typical_volume": 160212.1, "trend": 19069.666667, "fair_value": 16081.987179, "relative_strength": 3.72218, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.700232, "energy": 66.75386, "activity_lines": [ 20384.0, 20171.454545, 19752.714286, 19437.053763 ] }, { "date": "2024-03-29", "close": 21140.0, "volume": 173930, "typical_volume": 164763.15, "trend": 19149.333333, "fair_value": 16126.410256, "relative_strength": 4.868927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.090734, "energy": 88.687439, "activity_lines": [ 20676.0, 20378.181818, 19921.666667, 19570.623656 ] }, { "date": "2024-04-05", "close": 21370.0, "volume": 177228, "typical_volume": 168144.8, "trend": 19241.666667, "fair_value": 16171.474359, "relative_strength": 8.332048, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.196777, "energy": 91.506645, "activity_lines": [ 20977.333333, 20598.727273, 20099.285714, 19713.892473 ] }, { "date": "2024-04-12", "close": 21160.0, "volume": 289717, "typical_volume": 176581.75, "trend": 19326.0, "fair_value": 16214.038462, "relative_strength": 7.605958, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.803758, "energy": 87.859328, "activity_lines": [ 21106.666667, 20750.727273, 20242.619048, 19837.655914 ] }, { "date": "2024-04-19", "close": 20810.0, "volume": 146173, "typical_volume": 177916.85, "trend": 19416.666667, "fair_value": 16254.615385, "relative_strength": 6.699335, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.984456, "energy": 76.466479, "activity_lines": [ 21051.333333, 20807.454545, 20340.571429, 19933.397849 ] }, { "date": "2024-04-26", "close": 20940.0, "volume": 18725, "typical_volume": 175442.5, "trend": 19516.333333, "fair_value": 16295.25641, "relative_strength": 6.346922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.19493, "energy": 59.6655, "activity_lines": [ 21020.0, 20875.636364, 20439.714286, 20031.677419 ] }, { "date": "2024-05-03", "close": 20610.0, "volume": 307643, "typical_volume": 182883.35, "trend": 19607.333333, "fair_value": 16334.551282, "relative_strength": 3.562137, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.613433, "energy": 43.342616, "activity_lines": [ 20862.0, 20864.0, 20495.619048, 20102.236559 ] }, { "date": "2024-05-10", "close": 21160.0, "volume": 202408, "typical_volume": 184941.3, "trend": 19685.0, "fair_value": 16377.628205, "relative_strength": 2.630227, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.613791, "energy": 44.218948, "activity_lines": [ 20922.666667, 20943.636364, 20596.238095, 20202.408602 ] }, { "date": "2024-05-17", "close": 21420.0, "volume": 67458, "typical_volume": 182317.45, "trend": 19767.333333, "fair_value": 16422.628205, "relative_strength": 4.641102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.950716, "energy": 54.71744, "activity_lines": [ 21084.0, 21046.545455, 20710.047619, 20314.344086 ] }, { "date": "2024-05-24", "close": 21350.0, "volume": 175737, "typical_volume": 180188.1, "trend": 19859.666667, "fair_value": 16465.897436, "relative_strength": 4.756577, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.833468, "energy": 54.707926, "activity_lines": [ 21204.666667, 21113.454545, 20805.333333, 20416.451613 ] }, { "date": "2024-05-31", "close": 21240.0, "volume": 45508, "typical_volume": 166545.65, "trend": 19950.666667, "fair_value": 16508.653846, "relative_strength": 2.43008, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.86434, "energy": 64.104321, "activity_lines": [ 21252.666667, 21145.272727, 20878.190476, 20505.505376 ] }, { "date": "2024-06-07", "close": 21860.0, "volume": 271067, "typical_volume": 175899.95, "trend": 20067.333333, "fair_value": 16554.358974, "relative_strength": 6.919787, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.868608, "energy": 76.939032, "activity_lines": [ 21487.333333, 21279.818182, 21001.857143, 20628.688172 ] }, { "date": "2024-06-14", "close": 22010.0, "volume": 166179, "typical_volume": 179261.4, "trend": 20188.666667, "fair_value": 16600.833333, "relative_strength": 6.120543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.449682, "energy": 86.050768, "activity_lines": [ 21688.666667, 21428.545455, 21129.047619, 20754.021505 ] }, { "date": "2024-06-21", "close": 22410.0, "volume": 275369, "typical_volume": 176519.45, "trend": 20314.666667, "fair_value": 16649.615385, "relative_strength": 8.75094, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.451761, "energy": 91.960901, "activity_lines": [ 21966.666667, 21638.363636, 21283.333333, 20897.333333 ] }, { "date": "2024-06-28", "close": 22560.0, "volume": 148064, "typical_volume": 179666.65, "trend": 20451.333333, "fair_value": 16697.75641, "relative_strength": 8.778123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.548377, "energy": 93.180085, "activity_lines": [ 22228.666667, 21852.727273, 21437.666667, 21042.193548 ] }, { "date": "2024-07-05", "close": 22710.0, "volume": 109284, "typical_volume": 180403.6, "trend": 20593.0, "fair_value": 16746.730769, "relative_strength": 7.047022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.254568, "energy": 92.304972, "activity_lines": [ 22460.0, 22062.545455, 21594.761905, 21187.913978 ] }, { "date": "2024-07-12", "close": 22500.0, "volume": 497736, "typical_volume": 186556.5, "trend": 20709.666667, "fair_value": 16792.948718, "relative_strength": 3.15849, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.051412, "energy": 85.977481, "activity_lines": [ 22523.333333, 22202.0, 21718.238095, 21310.946237 ] }, { "date": "2024-07-19", "close": 22330.0, "volume": 710124, "typical_volume": 216527.2, "trend": 20829.666667, "fair_value": 16838.461538, "relative_strength": 3.386461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.233002, "energy": 73.556422, "activity_lines": [ 22487.333333, 22276.181818, 21814.238095, 21415.483871 ] }, { "date": "2024-07-26", "close": 21730.0, "volume": 89060, "typical_volume": 213466.5, "trend": 20923.0, "fair_value": 16879.679487, "relative_strength": 0.369657, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.496005, "energy": 54.632191, "activity_lines": [ 22230.0, 22220.0, 21841.238095, 21473.569892 ] }, { "date": "2024-08-02", "close": 22850.0, "volume": 144822, "typical_volume": 211990.7, "trend": 21056.666667, "fair_value": 16928.782051, "relative_strength": 8.533437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.038974, "energy": 56.252949, "activity_lines": [ 22391.333333, 22361.818182, 21967.333333, 21597.892473 ] }, { "date": "2024-08-09", "close": 21780.0, "volume": 143793, "typical_volume": 208001.25, "trend": 21132.333333, "fair_value": 16970.064103, "relative_strength": 2.078083, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.179171, "energy": 29.13624, "activity_lines": [ 22176.666667, 22281.818182, 21980.428571, 21644.55914 ] }, { "date": "2024-08-16", "close": 22300.0, "volume": 128697, "typical_volume": 205739.6, "trend": 21222.333333, "fair_value": 17014.935897, "relative_strength": 1.842146, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.152794, "energy": 26.250896, "activity_lines": [ 22197.333333, 22286.545455, 22037.857143, 21719.892473 ] }, { "date": "2024-08-23", "close": 22860.0, "volume": 66818, "typical_volume": 200219.1, "trend": 21327.666667, "fair_value": 17062.24359, "relative_strength": 4.367077, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.377015, "energy": 45.186275, "activity_lines": [ 22418.0, 22385.090909, 22143.095238, 21825.548387 ] }, { "date": "2024-08-30", "close": 22600.0, "volume": 112915, "typical_volume": 191379.0, "trend": 21433.666667, "fair_value": 17106.858974, "relative_strength": 0.999008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.341537, "energy": 37.686097, "activity_lines": [ 22516.666667, 22420.909091, 22216.47619, 21907.634409 ] }, { "date": "2024-09-06", "close": 22420.0, "volume": 485268, "typical_volume": 208333.75, "trend": 21509.666667, "fair_value": 17150.833333, "relative_strength": 1.101886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.04549, "energy": 39.745194, "activity_lines": [ 22497.333333, 22420.545455, 22265.857143, 21971.268817 ] }, { "date": "2024-09-13", "close": 22760.0, "volume": 102269, "typical_volume": 212510.95, "trend": 21606.666667, "fair_value": 17198.076923, "relative_strength": 3.325612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.062371, "energy": 43.373848, "activity_lines": [ 22620.0, 22484.545455, 22339.952381, 22051.935484 ] }, { "date": "2024-09-20", "close": 23590.0, "volume": 567853, "typical_volume": 225521.45, "trend": 21722.0, "fair_value": 17251.858974, "relative_strength": 10.173161, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.322575, "energy": 62.513147, "activity_lines": [ 22954.0, 22698.545455, 22484.428571, 22179.892473 ] }, { "date": "2024-09-27", "close": 23290.0, "volume": 616480, "typical_volume": 246225.05, "trend": 21837.0, "fair_value": 17303.782051, "relative_strength": 2.998598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.239278, "energy": 61.365199, "activity_lines": [ 23102.0, 22838.181818, 22586.142857, 22281.053763 ] }, { "date": "2024-10-04", "close": 23530.0, "volume": 55482, "typical_volume": 245626.25, "trend": 21950.0, "fair_value": 17356.794872, "relative_strength": 3.900598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.596456, "energy": 72.012582, "activity_lines": [ 23301.333333, 23004.0, 22700.571429, 22390.27957 ] }, { "date": "2024-10-11", "close": 23860.0, "volume": 126897, "typical_volume": 243184.25, "trend": 22061.333333, "fair_value": 17411.666667, "relative_strength": 5.278177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.511222, "energy": 78.127737, "activity_lines": [ 23548.666667, 23197.090909, 22836.380952, 22513.505376 ] }, { "date": "2024-10-18", "close": 24140.0, "volume": 83165, "typical_volume": 245067.1, "trend": 22176.333333, "fair_value": 17466.153846, "relative_strength": 4.344284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.230635, "energy": 78.624163, "activity_lines": [ 23793.333333, 23422.727273, 22986.904762, 22647.612903 ] }, { "date": "2024-10-25", "close": 24140.0, "volume": 204490, "typical_volume": 241738.25, "trend": 22276.333333, "fair_value": 17520.961538, "relative_strength": 3.536572, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.380046, "energy": 80.388985, "activity_lines": [ 23946.0, 23605.454545, 23123.619048, 22774.301075 ] }, { "date": "2024-11-01", "close": 23380.0, "volume": 169086, "typical_volume": 241883.6, "trend": 22343.333333, "fair_value": 17570.576923, "relative_strength": -1.868697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.665803, "energy": 65.463389, "activity_lines": [ 23808.666667, 23616.545455, 23177.095238, 22845.505376 ] }, { "date": "2024-11-08", "close": 24270.0, "volume": 323757, "typical_volume": 244303.0, "trend": 22447.0, "fair_value": 17626.089744, "relative_strength": 0.658264, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.904267, "energy": 72.912132, "activity_lines": [ 23962.0, 23780.0, 23308.809524, 22969.806452 ] }, { "date": "2024-11-15", "close": 24510.0, "volume": 323962, "typical_volume": 253097.9, "trend": 22570.333333, "fair_value": 17684.230769, "relative_strength": -0.056944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.992966, "energy": 73.093821, "activity_lines": [ 24146.0, 23956.727273, 23454.52381, 23102.903226 ] }, { "date": "2024-11-22", "close": 24120.0, "volume": 139799, "typical_volume": 254623.65, "trend": 22676.333333, "fair_value": 17736.538462, "relative_strength": -1.32521, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.763732, "energy": 55.028815, "activity_lines": [ 24156.666667, 24024.545455, 23553.809524, 23202.88172 ] }, { "date": "2024-11-29", "close": 24090.0, "volume": 148247, "typical_volume": 237149.2, "trend": 22792.333333, "fair_value": 17792.564103, "relative_strength": -1.559584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.897226, "energy": 56.583242, "activity_lines": [ 24158.666667, 24062.181818, 23643.52381, 23294.086022 ] }, { "date": "2024-12-06", "close": 24100.0, "volume": 324087, "typical_volume": 217847.35, "trend": 22890.333333, "fair_value": 17846.794872, "relative_strength": -4.141481, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.118805, "energy": 50.684848, "activity_lines": [ 24167.333333, 24092.545455, 23726.619048, 23378.451613 ] }, { "date": "2024-12-13", "close": 23760.0, "volume": 182891, "typical_volume": 222538.9, "trend": 22968.333333, "fair_value": 17897.820513, "relative_strength": -5.88055, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.158435, "energy": 35.425263, "activity_lines": [ 24014.666667, 24046.363636, 23768.904762, 23434.55914 ] }, { "date": "2024-12-20", "close": 23580.0, "volume": 141732, "typical_volume": 222384.4, "trend": 23042.666667, "fair_value": 17946.025641, "relative_strength": -7.836559, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.865762, "energy": 23.999917, "activity_lines": [ 23836.0, 23963.272727, 23784.380952, 23474.021505 ] }, { "date": "2024-12-27", "close": 24170.0, "volume": 481105, "typical_volume": 239250.0, "trend": 23140.333333, "fair_value": 17997.948718, "relative_strength": -6.132217, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.94972, "energy": 26.249933, "activity_lines": [ 23916.0, 23992.545455, 23852.571429, 23546.752688 ] }, { "date": "2025-01-03", "close": 23700.0, "volume": 440414, "typical_volume": 254835.85, "trend": 23201.666667, "fair_value": 18048.589744, "relative_strength": -9.237425, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.681172, "energy": 19.551982, "activity_lines": [ 23836.0, 23935.818182, 23864.619048, 23582.860215 ] }, { "date": "2025-01-10", "close": 23710.0, "volume": 289719, "typical_volume": 265980.9, "trend": 23258.333333, "fair_value": 18098.910256, "relative_strength": -10.403716, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.869727, "energy": 17.081017, "activity_lines": [ 23785.333333, 23888.909091, 23870.952381, 23615.655914 ] }, { "date": "2025-01-17", "close": 23610.0, "volume": 186592, "typical_volume": 269664.75, "trend": 23298.333333, "fair_value": 18151.089744, "relative_strength": -13.235392, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.360963, "energy": 10.016242, "activity_lines": [ 23727.333333, 23817.818182, 23863.714286, 23638.344086 ] }, { "date": "2025-01-24", "close": 23830.0, "volume": 86718, "typical_volume": 249737.25, "trend": 23340.666667, "fair_value": 18206.282051, "relative_strength": -11.952291, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.678133, "energy": 12.0937, "activity_lines": [ 23752.666667, 23798.727273, 23872.619048, 23672.645161 ] }, { "date": "2025-01-31", "close": 23890.0, "volume": 132058, "typical_volume": 251226.7, "trend": 23380.0, "fair_value": 18259.935897, "relative_strength": -9.091129, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.374129, "energy": 10.360826, "activity_lines": [ 23781.333333, 23802.909091, 23880.52381, 23708.086022 ] }, { "date": "2025-02-07", "close": 23690.0, "volume": 126973, "typical_volume": 229182.7, "trend": 23419.666667, "fair_value": 18310.128205, "relative_strength": -11.745467, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.583075, "energy": 7.642922, "activity_lines": [ 23762.0, 23774.909091, 23864.0, 23728.086022 ] }, { "date": "2025-02-14", "close": 23780.0, "volume": 67543, "typical_volume": 201735.85, "trend": 23468.0, "fair_value": 18364.74359, "relative_strength": -10.913514, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.269873, "energy": 12.345018, "activity_lines": [ 23773.333333, 23770.545455, 23855.571429, 23751.333333 ] }, { "date": "2025-02-21", "close": 23740.0, "volume": 56647, "typical_volume": 201794.1, "trend": 23535.0, "fair_value": 18423.076923, "relative_strength": -11.431898, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.878499, "energy": 9.824554, "activity_lines": [ 23766.666667, 23764.727273, 23841.0, 23768.88172 ] }, { "date": "2025-02-28", "close": 23240.0, "volume": 113148, "typical_volume": 201106.65, "trend": 23548.0, "fair_value": 18473.589744, "relative_strength": -11.594539, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -8.4529, "energy": 15.985139, "activity_lines": [ 23584.666667, 23668.363636, 23777.809524, 23749.849462 ] }, { "date": "2025-03-07", "close": 22860.0, "volume": 98046, "typical_volume": 201850.7, "trend": 23584.0, "fair_value": 18524.487179, "relative_strength": -12.773251, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -45.53181, "energy": 50.165471, "activity_lines": [ 23315.333333, 23509.090909, 23681.380952, 23705.462366 ] }, { "date": "2025-03-14", "close": 22380.0, "volume": 129773, "typical_volume": 198114.85, "trend": 23586.666667, "fair_value": 18570.512821, "relative_strength": -15.795646, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.84572, "energy": 69.187382, "activity_lines": [ 22954.666667, 23286.363636, 23545.333333, 23627.784946 ] }, { "date": "2025-03-21", "close": 23050.0, "volume": 603113, "typical_volume": 219816.2, "trend": 23593.0, "fair_value": 18618.269231, "relative_strength": -12.75987, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.395723, "energy": 63.333364, "activity_lines": [ 22904.666667, 23209.454545, 23481.47619, 23593.16129 ] }, { "date": "2025-03-28", "close": 23000.0, "volume": 106933, "typical_volume": 208975.0, "trend": 23606.333333, "fair_value": 18665.192308, "relative_strength": -11.318014, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.183391, "energy": 71.492612, "activity_lines": [ 22886.666667, 23135.454545, 23414.428571, 23554.903226 ] }, { "date": "2025-04-04", "close": 22140.0, "volume": 63556, "typical_volume": 195954.7, "trend": 23597.0, "fair_value": 18707.179487, "relative_strength": -13.879618, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.104161, "energy": 80.831947, "activity_lines": [ 22631.333333, 22916.181818, 23271.52381, 23460.301075 ] }, { "date": "2025-04-11", "close": 21990.0, "volume": 364434, "typical_volume": 207186.45, "trend": 23571.333333, "fair_value": 18749.679487, "relative_strength": -13.078722, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.406007, "energy": 59.578105, "activity_lines": [ 22399.333333, 22700.363636, 23125.619048, 23356.623656 ] }, { "date": "2025-04-18", "close": 21490.0, "volume": 57546, "typical_volume": 202651.4, "trend": 23501.333333, "fair_value": 18787.75641, "relative_strength": -17.199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.854474, "energy": 76.090488, "activity_lines": [ 22058.666667, 22428.181818, 22942.238095, 23222.344086 ] }, { "date": "2025-04-25", "close": 21510.0, "volume": 98723, "typical_volume": 191383.2, "trend": 23442.0, "fair_value": 18828.717949, "relative_strength": -17.311958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.548069, "energy": 79.237105, "activity_lines": [ 21784.0, 22199.636364, 22773.142857, 23093.870968 ] }, { "date": "2025-05-02", "close": 22010.0, "volume": 27920, "typical_volume": 183634.65, "trend": 23391.333333, "fair_value": 18873.141026, "relative_strength": -15.465463, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.971534, "energy": 63.66551, "activity_lines": [ 21778.666667, 22103.272727, 22664.0, 23001.483871 ] }, { "date": "2025-05-09", "close": 22280.0, "volume": 55783, "typical_volume": 179337.2, "trend": 23338.666667, "fair_value": 18923.076923, "relative_strength": -17.94271, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.981552, "energy": 52.862993, "activity_lines": [ 21929.333333, 22087.454545, 22588.904762, 22929.784946 ] }, { "date": "2025-05-16", "close": 22890.0, "volume": 72684, "typical_volume": 158916.15, "trend": 23297.0, "fair_value": 18978.461538, "relative_strength": -15.15093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.049774, "energy": 30.462766, "activity_lines": [ 22274.0, 22200.0, 22578.095238, 22900.83871 ] }, { "date": "2025-05-23", "close": 23110.0, "volume": 64165, "typical_volume": 140103.7, "trend": 23262.666667, "fair_value": 19032.820513, "relative_strength": -12.841131, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.136675, "energy": 20.661351, "activity_lines": [ 22632.0, 22352.0, 22594.333333, 22888.774194 ] }, { "date": "2025-05-30", "close": 22830.0, "volume": 29535, "typical_volume": 127094.5, "trend": 23244.333333, "fair_value": 19084.679487, "relative_strength": -16.994503, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.480382, "energy": 24.265779, "activity_lines": [ 22788.666667, 22439.818182, 22586.714286, 22860.860215 ] }, { "date": "2025-06-06", "close": 22900.0, "volume": 83277, "typical_volume": 121928.75, "trend": 23198.666667, "fair_value": 19136.217949, "relative_strength": -17.322386, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.618581, "energy": 23.041272, "activity_lines": [ 22880.666667, 22544.363636, 22589.952381, 22838.645161 ] }, { "date": "2025-06-13", "close": 23560.0, "volume": 149997, "typical_volume": 125092.7, "trend": 23167.0, "fair_value": 19199.230769, "relative_strength": -13.266206, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.693582, "energy": 23.392134, "activity_lines": [ 23133.333333, 22770.727273, 22659.428571, 22861.956989 ] }, { "date": "2025-06-20", "close": 22700.0, "volume": 136019, "typical_volume": 125290.75, "trend": 23119.666667, "fair_value": 19254.166667, "relative_strength": -20.053437, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.779762, "energy": 14.833006, "activity_lines": [ 23014.0, 22814.909091, 22648.285714, 22831.827957 ] }, { "date": "2025-06-27", "close": 22790.0, "volume": 108337, "typical_volume": 124358.95, "trend": 23076.333333, "fair_value": 19309.551282, "relative_strength": -21.141555, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.906449, "energy": 12.059576, "activity_lines": [ 22937.333333, 22862.545455, 22651.380952, 22810.55914 ] }, { "date": "2025-07-04", "close": 22980.0, "volume": 77234, "typical_volume": 124843.5, "trend": 23039.0, "fair_value": 19363.269231, "relative_strength": -23.16809, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.111757, "energy": 10.838015, "activity_lines": [ 22945.333333, 22921.090909, 22676.857143, 22804.344086 ] }, { "date": "2025-07-11", "close": 22840.0, "volume": 153825, "typical_volume": 129702.4, "trend": 23008.333333, "fair_value": 19419.038462, "relative_strength": -23.840203, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.170017, "energy": 12.123069, "activity_lines": [ 22896.666667, 22927.454545, 22692.809524, 22791.505376 ] }, { "date": "2025-07-18", "close": 23270.0, "volume": 123237, "typical_volume": 130206.85, "trend": 22998.0, "fair_value": 19473.846154, "relative_strength": -20.661144, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.762558, "energy": 8.573766, "activity_lines": [ 22995.333333, 22996.909091, 22754.0, 22808.387097 ] }, { "date": "2025-07-25", "close": 23400.0, "volume": 195346, "typical_volume": 135071.85, "trend": 22972.333333, "fair_value": 19528.974359, "relative_strength": -20.481592, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.888536, "energy": 38.062568, "activity_lines": [ 23156.666667, 23072.0, 22827.428571, 22834.322581 ] }, { "date": "2025-08-01", "close": 23900.0, "volume": 108960, "typical_volume": 134031.2, "trend": 22979.0, "fair_value": 19586.153846, "relative_strength": -17.652408, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 53.384326, "energy": 63.515411, "activity_lines": [ 23438.0, 23228.727273, 22945.904762, 22894.172043 ] }, { "date": "2025-08-08", "close": 23970.0, "volume": 106635, "typical_volume": 109207.3, "trend": 22987.666667, "fair_value": 19644.615385, "relative_strength": -14.726379, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.973617, "energy": 71.205464, "activity_lines": [ 23668.666667, 23383.818182, 23063.809524, 22958.107527 ] }, { "date": "2025-08-15", "close": 24050.0, "volume": 121360, "typical_volume": 109928.65, "trend": 23002.333333, "fair_value": 19702.75641, "relative_strength": -14.87993, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.885283, "energy": 86.260308, "activity_lines": [ 23860.0, 23532.727273, 23184.952381, 23026.645161 ] }, { "date": "2025-08-22", "close": 23940.0, "volume": 161943, "typical_volume": 114848.0, "trend": 23006.0, "fair_value": 19761.410256, "relative_strength": -15.620734, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.485437, "energy": 84.131787, "activity_lines": [ 23934.0, 23640.727273, 23290.619048, 23087.139785 ] }, { "date": "2025-08-29", "close": 23760.0, "volume": 90619, "typical_volume": 101157.25, "trend": 23001.666667, "fair_value": 19821.987179, "relative_strength": -17.743768, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.61856, "energy": 77.350745, "activity_lines": [ 23903.333333, 23709.090909, 23370.571429, 23135.784946 ] }, { "date": "2025-09-05", "close": 23910.0, "volume": 67338, "typical_volume": 101646.85, "trend": 23009.0, "fair_value": 19880.641026, "relative_strength": -16.040881, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.037519, "energy": 64.652929, "activity_lines": [ 23898.666667, 23785.454545, 23456.380952, 23194.387097 ] }, { "date": "2025-09-12", "close": 24010.0, "volume": 91076, "typical_volume": 101264.5, "trend": 23016.666667, "fair_value": 19940.576923, "relative_strength": -16.364655, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.635637, "energy": 55.472698, "activity_lines": [ 23926.666667, 23859.636364, 23540.190476, 23258.967742 ] }, { "date": "2025-09-19", "close": 24420.0, "volume": 71252, "typical_volume": 103431.1, "trend": 23039.333333, "fair_value": 20006.282051, "relative_strength": -12.250717, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.716719, "energy": 66.554009, "activity_lines": [ 24088.666667, 23989.636364, 23651.142857, 23349.505376 ] }, { "date": "2025-09-26", "close": 24380.0, "volume": 45177, "typical_volume": 102900.8, "trend": 23077.333333, "fair_value": 20073.076923, "relative_strength": -12.204272, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.948788, "energy": 79.828374, "activity_lines": [ 24212.666667, 24083.636364, 23746.809524, 23436.0 ] }, { "date": "2025-10-03", "close": 24260.0, "volume": 46153, "typical_volume": 101574.25, "trend": 23124.0, "fair_value": 20136.346154, "relative_strength": -16.492187, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.778224, "energy": 76.674214, "activity_lines": [ 24267.333333, 24135.636364, 23821.047619, 23512.301075 ] }, { "date": "2025-10-10", "close": 24160.0, "volume": 38583, "typical_volume": 100295.15, "trend": 23183.333333, "fair_value": 20202.115385, "relative_strength": -18.066243, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.269924, "energy": 69.041237, "activity_lines": [ 24255.333333, 24153.818182, 23879.238095, 23579.139785 ] }, { "date": "2025-10-17", "close": 24260.0, "volume": 41790, "typical_volume": 100907.9, "trend": 23223.666667, "fair_value": 20266.474359, "relative_strength": -15.397126, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.528189, "energy": 55.538485, "activity_lines": [ 24260.0, 24185.454545, 23941.952381, 23648.602151 ] }, { "date": "2025-10-24", "close": 24360.0, "volume": 173768, "typical_volume": 105432.45, "trend": 23269.0, "fair_value": 20329.551282, "relative_strength": -14.071404, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.686694, "energy": 52.997182, "activity_lines": [ 24281.333333, 24230.0, 24007.380952, 23721.913978 ] }, { "date": "2025-10-31", "close": 24570.0, "volume": 83154, "typical_volume": 102090.3, "trend": 23350.0, "fair_value": 20394.807692, "relative_strength": -14.724547, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.183718, "energy": 57.904303, "activity_lines": [ 24376.666667, 24307.090909, 24085.857143, 23805.849462 ] }, { "date": "2025-11-07", "close": 24360.0, "volume": 125499, "typical_volume": 101564.3, "trend": 23429.0, "fair_value": 20456.282051, "relative_strength": -16.383177, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.751475, "energy": 53.373945, "activity_lines": [ 24389.333333, 24334.545455, 24139.52381, 23871.010753 ] }, { "date": "2025-11-14", "close": 24070.0, "volume": 105225, "typical_volume": 101408.7, "trend": 23515.0, "fair_value": 20516.346154, "relative_strength": -19.0663, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.0146, "energy": 43.433239, "activity_lines": [ 24298.666667, 24298.363636, 24157.666667, 23912.365591 ] }, { "date": "2025-11-21", "close": 24150.0, "volume": 127614, "typical_volume": 103927.7, "trend": 23603.0, "fair_value": 20575.25641, "relative_strength": -16.339412, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.710394, "energy": 32.183272, "activity_lines": [ 24240.666667, 24273.818182, 24177.333333, 23953.333333 ] }, { "date": "2025-11-28", "close": 24520.0, "volume": 59782, "typical_volume": 99225.55, "trend": 23686.666667, "fair_value": 20636.089744, "relative_strength": -15.194352, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.054528, "energy": 32.511947, "activity_lines": [ 24313.333333, 24314.0, 24226.666667, 24012.494624 ] }, { "date": "2025-12-05", "close": 24430.0, "volume": 113516, "typical_volume": 98739.5, "trend": 23758.333333, "fair_value": 20698.397436, "relative_strength": -17.661703, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.267965, "energy": 32.182166, "activity_lines": [ 24345.333333, 24336.0, 24259.428571, 24060.451613 ] }, { "date": "2025-12-12", "close": 24230.0, "volume": 94824, "typical_volume": 93713.4, "trend": 23803.0, "fair_value": 20760.320513, "relative_strength": -20.518106, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.656801, "energy": 26.567558, "activity_lines": [ 24320.0, 24320.727273, 24267.619048, 24090.88172 ] }, { "date": "2025-12-19", "close": 24010.0, "volume": 68287, "typical_volume": 91679.75, "trend": 23833.0, "fair_value": 20821.474359, "relative_strength": -21.265198, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.57236, "energy": 18.304796, "activity_lines": [ 24230.0, 24266.0, 24250.904762, 24104.236559 ] }, { "date": "2025-12-26", "close": 24220.0, "volume": 76218, "typical_volume": 90158.9, "trend": 23879.333333, "fair_value": 20883.141026, "relative_strength": -18.646247, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.20795, "energy": 10.78615, "activity_lines": [ 24214.0, 24252.181818, 24253.666667, 24129.204301 ] }, { "date": "2026-01-02", "close": 23980.0, "volume": 102323, "typical_volume": 89207.05, "trend": 23915.333333, "fair_value": 20943.076923, "relative_strength": -20.842758, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.308151, "energy": 10.918409, "activity_lines": [ 24113.333333, 24195.454545, 24232.380952, 24135.698925 ] }, { "date": "2026-01-09", "close": 24160.0, "volume": 213947, "typical_volume": 91807.25, "trend": 23935.333333, "fair_value": 21004.038462, "relative_strength": -22.990803, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.524966, "energy": 13.003853, "activity_lines": [ 24108.666667, 24178.363636, 24228.571429, 24151.483871 ] }, { "date": "2026-01-16", "close": 24050.0, "volume": 383686, "typical_volume": 106460.6, "trend": 23980.333333, "fair_value": 21065.705128, "relative_strength": -24.959823, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.48818, "energy": 9.776624, "activity_lines": [ 24085.333333, 24148.727273, 24213.238095, 24158.88172 ] }, { "date": "2026-01-23", "close": 23850.0, "volume": 311992, "typical_volume": 118693.3, "trend": 24015.666667, "fair_value": 21123.525641, "relative_strength": -25.238116, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.390542, "energy": 23.462489, "activity_lines": [ 24007.333333, 24088.363636, 24177.47619, 24150.473118 ] }, { "date": "2026-01-30", "close": 23570.0, "volume": 617209, "typical_volume": 144999.95, "trend": 24035.333333, "fair_value": 21176.538462, "relative_strength": -25.739752, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.084541, "energy": 45.659487, "activity_lines": [ 23846.666667, 23981.090909, 24115.333333, 24121.72043 ] }, { "date": "2026-02-06", "close": 23510.0, "volume": 263617, "typical_volume": 154618.2, "trend": 24057.666667, "fair_value": 21226.730769, "relative_strength": -26.157377, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.208258, "energy": 56.405205, "activity_lines": [ 23709.333333, 23873.454545, 24049.571429, 24087.827957 ] }, { "date": "2026-02-13", "close": 23160.0, "volume": 380577, "typical_volume": 171388.2, "trend": 24054.0, "fair_value": 21273.846154, "relative_strength": -28.62926, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.524975, "energy": 78.503538, "activity_lines": [ 23486.666667, 23720.545455, 23954.809524, 24029.913978 ] }, { "date": "2026-02-20", "close": 23590.0, "volume": 528331, "typical_volume": 195497.1, "trend": 24060.333333, "fair_value": 21323.846154, "relative_strength": -27.676077, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.07347, "energy": 70.277662, "activity_lines": [ 23474.0, 23668.909091, 23906.809524, 23999.978495 ] }, { "date": "2026-02-27", "close": 23740.0, "volume": 859370, "typical_volume": 236536.45, "trend": 24055.0, "fair_value": 21376.282051, "relative_strength": -24.699396, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.860741, "energy": 59.718112, "activity_lines": [ 23542.0, 23656.181818, 23876.285714, 23979.311828 ] }, { "date": "2026-03-06", "close": 23120.0, "volume": 123851, "typical_volume": 240639.5, "trend": 24026.666667, "fair_value": 21424.74359, "relative_strength": -29.809341, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.513735, "energy": 60.085134, "activity_lines": [ 23410.666667, 23535.636364, 23788.714286, 23918.989247 ] }, { "date": "2026-03-13", "close": 23070.0, "volume": 427909, "typical_volume": 253346.55, "trend": 23994.0, "fair_value": 21473.076923, "relative_strength": -26.323018, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.283458, "energy": 48.598491, "activity_lines": [ 23292.666667, 23426.0, 23701.809524, 23857.268817 ] }, { "date": "2026-03-20", "close": 22480.0, "volume": 234310, "typical_volume": 260904.35, "trend": 23945.333333, "fair_value": 21517.948718, "relative_strength": -29.753899, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.018344, "energy": 74.10194, "activity_lines": [ 23007.333333, 23225.636364, 23564.857143, 23759.591398 ] }, { "date": "2026-03-27", "close": 22390.0, "volume": 251634, "typical_volume": 267211.1, "trend": 23899.666667, "fair_value": 21560.641026, "relative_strength": -25.63921, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.323757, "energy": 85.071044, "activity_lines": [ 22737.333333, 23039.454545, 23429.285714, 23659.247312 ] }, { "date": "2026-04-03", "close": 22670.0, "volume": 191675, "typical_volume": 271533.6, "trend": 23858.333333, "fair_value": 21603.397436, "relative_strength": -25.604836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.830958, "energy": 79.134858, "activity_lines": [ 22640.666667, 22934.363636, 23329.761905, 23579.913978 ] }, { "date": "2026-04-10", "close": 22940.0, "volume": 48421, "typical_volume": 267573.95, "trend": 23822.666667, "fair_value": 21646.282051, "relative_strength": -28.275039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.736288, "energy": 70.606764, "activity_lines": [ 22705.333333, 22899.818182, 23262.619048, 23520.666667 ] }, { "date": "2026-04-17", "close": 23250.0, "volume": 75558, "typical_volume": 268362.75, "trend": 23783.666667, "fair_value": 21690.384615, "relative_strength": -26.034636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.652131, "energy": 43.610473, "activity_lines": [ 22885.333333, 22933.090909, 23230.761905, 23483.72043 ] }, { "date": "2026-04-24", "close": 23440.0, "volume": 41939, "typical_volume": 264783.9, "trend": 23752.333333, "fair_value": 21737.115385, "relative_strength": -24.023453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.500433, "energy": 22.019682, "activity_lines": [ 23116.666667, 23005.636364, 23223.047619, 23461.548387 ] }, { "date": "2026-05-01", "close": 23450.0, "volume": 337159, "typical_volume": 276900.65, "trend": 23725.333333, "fair_value": 21784.358974, "relative_strength": -24.358044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.957178, "energy": 23.354375, "activity_lines": [ 23287.333333, 23074.909091, 23221.0, 23442.043011 ] }, { "date": "2026-05-08", "close": 23570.0, "volume": 239089, "typical_volume": 285440.75, "trend": 23705.666667, "fair_value": 21831.217949, "relative_strength": -24.809635, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.457984, "energy": 21.097833, "activity_lines": [ 23427.333333, 23168.545455, 23234.095238, 23432.021505 ] }, { "date": "2026-05-15", "close": 23870.0, "volume": 121407, "typical_volume": 287700.2, "trend": 23692.666667, "fair_value": 21878.782051, "relative_strength": -20.872851, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 8.836482, "energy": 23.701417, "activity_lines": [ 23607.333333, 23319.818182, 23277.857143, 23442.623656 ] }, { "date": "2026-05-22", "close": 23750.0, "volume": 74735, "typical_volume": 286320.8, "trend": 23672.333333, "fair_value": 21924.423077, "relative_strength": -20.657781, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.146359, "energy": 29.530426, "activity_lines": [ 23685.333333, 23435.636364, 23311.857143, 23446.322581 ] }, { "date": "2026-05-29", "close": 23420.0, "volume": 85982, "typical_volume": 279922.55, "trend": 23634.0, "fair_value": 21965.769231, "relative_strength": -22.156297, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.980591, "energy": 17.480082, "activity_lines": [ 23620.0, 23479.090909, 23315.52381, 23430.043011 ] }, { "date": "2026-06-05", "close": 242.0, "volume": 6017, "typical_volume": 261039.1, "trend": 22830.066667, "fair_value": 21858.602564, "relative_strength": -99.139823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.409423, "energy": 94.873569, "activity_lines": [ 15830.0, 19291.272727, 21115.285714, 21920.88172 ] }, { "date": "2026-06-12", "close": 239.0, "volume": 9030, "typical_volume": 245891.0, "trend": 22035.7, "fair_value": 21751.288462, "relative_strength": -99.143584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.607485, "energy": 96.700124, "activity_lines": [ 9586.2, 15505.6, 19028.133333, 20463.393548 ] }, { "date": "2026-06-19", "close": 244.7, "volume": 8165, "typical_volume": 215438.8, "trend": 21238.856667, "fair_value": 21642.600641, "relative_strength": -99.05858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.772467, "energy": 97.12002, "activity_lines": [ 4899.7, 12128.8, 17053.957143, 19057.522581 ] }, { "date": "2026-06-26", "close": 242.3, "volume": 10138, "typical_volume": 202764.85, "trend": 20429.6, "fair_value": 21531.269231, "relative_strength": -99.017567, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.441506, "energy": 93.854511, "activity_lines": [ 1787.42, 9164.205455, 15190.625238, 17702.906022 ] }, { "date": "2026-07-03", "close": 247.9, "volume": 946, "typical_volume": 183783.3, "trend": 19623.53, "fair_value": 21418.948077, "relative_strength": -98.994393, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.333249, "energy": 88.56648, "activity_lines": [ 244.186667, 6618.950909, 13438.625238, 16400.86086 ] }, { "date": "2026-07-10", "close": 249.6, "volume": 55849, "typical_volume": 160159.2, "trend": 18824.183333, "fair_value": 21307.663462, "relative_strength": -98.945251, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.332455, "energy": 88.563801, "activity_lines": [ 246.326667, 4495.68, 11795.892381, 15150.929892 ] }, { "date": "2026-07-17", "close": 251.7, "volume": 172433, "typical_volume": 125812.35, "trend": 18032.24, "fair_value": 21195.046154, "relative_strength": -98.931177, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.993303, "energy": 80.439727, "activity_lines": [ 248.66, 2794.616364, 10264.504286, 13952.705161 ] }, { "date": "2026-07-24", "close": 250.2, "volume": 96027, "typical_volume": 124421.15, "trend": 17233.246667, "fair_value": 21078.765385, "relative_strength": -98.938219, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.63237, "energy": 67.54995, "activity_lines": [ 249.646667, 1517.249091, 8844.822381, 12805.476774 ] }, { "date": "2026-07-31", "close": 251.8, "volume": 117490, "typical_volume": 108900.2, "trend": 16442.306667, "fair_value": 20964.930769, "relative_strength": -98.874008, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.227702, "energy": 66.909788, "activity_lines": [ 250.8, 669.623636, 7534.196667, 11709.89957 ] }, { "date": "2026-08-07", "close": 256.1, "volume": 268464, "typical_volume": 110607.9, "trend": 15645.51, "fair_value": 20849.328846, "relative_strength": -98.826184, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.782963, "energy": 63.022384, "activity_lines": [ 252.753333, 250.02, 6332.638571, 10665.628172 ] } ], "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." } } }