{ "ticker": { "uuid": "a7eb27cd-717e-495a-a358-99a4a8850ecd", "symbol": "ZS", "name": "Zscaler, Inc.", "exchange": "MEX", "country": "MX", "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": "^MXX", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 6.303, "architecture_energy": 14.217, "architecture_maturity": 15.979, "architecture_confidence": 70.109, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 63.68, "rotation_up": 37.56, "upward_expansion": 32.46, "deceleration": 40.53, "rotation_down": 15.83, "downward_expansion": 40.8 }, "activity_lines": [ 2614.4, 2517.093093, 2488.245047, 2518.602707 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 2795.0, "trend_reference": 2652.57666, "distance_from_trend": 0.053692, "trend_direction": "Weakening", "fair_value": 3753.570062, "distance_from_fair_value": -0.255376, "fair_value_direction": "Improving", "relative_strength": -27.006765, "relative_strength_direction": "Improving", "price_momentum": -0.029177, "excess_performance": 0.02549, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053692, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.224361, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.255376, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.051852, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.270068, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.209201, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.029177, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.826475, "read": "Demand-led" } ], "volume": { "latest": 731, "relative_activity": 0.188269, "balance": 1.826475, "dry_up": 0.737557, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.107162, "annualized_volatility": 0.744376, "from_high_reference": -0.549194, "from_low_reference": 0.376847 }, "levels": { "trend_reference": 2652.57666, "fair_value_reference": 3753.570062, "structural_low": 2030.0, "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": 3, "median_return": 0.201646, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.116923, "regime_survival": 0.333333, "best_return": 0.210731, "worst_return": -0.159659, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": 0.126954, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.032967, "regime_survival": 0.0, "best_return": 0.593964, "worst_return": -0.340057, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.058459, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.099004, "regime_survival": 0.0, "best_return": 0.542387, "worst_return": -0.425469, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.250071, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.476394, "regime_survival": 0.0, "best_return": -0.1875, "worst_return": -0.312642, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-04-05", "end": "2024-05-10", "tenure": "Developing", "return": -0.076821, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-17", "end": "2024-06-28", "tenure": "Developing", "return": 0.230149, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-07-05", "end": "2024-08-09", "tenure": "Developing", "return": -0.128769, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-10-18", "tenure": "Developing", "return": 0.073446, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2024-12-27", "tenure": "Developing", "return": 0.010951, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-31", "tenure": "Developing", "return": 0.103694, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-28", "tenure": "Developing", "return": 0.010252, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-04", "end": "2025-05-09", "tenure": "Developing", "return": 0.201646, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-16", "end": "2025-07-25", "tenure": "Developing", "return": 0.221461, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-10-10", "tenure": "Developing", "return": 0.049079, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-17", "end": "2025-11-21", "tenure": "Developing", "return": -0.044319, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-05", "tenure": "New", "return": -0.04466, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-07-17", "tenure": "Extended", "return": -0.428636, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.140816, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2495.0, "volume": 0, "typical_volume": 459.25, "trend": 2297.488342, "fair_value": 3738.594555, "relative_strength": -4.856283, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 48.067489, "energy": 46.905754, "activity_lines": [ 2518.465999, 2526.61709, 2449.324143, 2363.4554 ] }, { "date": "2023-08-25", "close": 2495.0, "volume": 0, "typical_volume": 459.25, "trend": 2313.755009, "fair_value": 3734.940709, "relative_strength": -3.752768, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.521292, "energy": 32.858313, "activity_lines": [ 2504.6, 2517.653635, 2466.743619, 2376.198088 ] }, { "date": "2023-09-01", "close": 2495.0, "volume": 0, "typical_volume": 423.9, "trend": 2318.588342, "fair_value": 3729.844555, "relative_strength": -2.456291, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 42.230625, "energy": 44.851596, "activity_lines": [ 2495.0, 2512.090181, 2482.286904, 2387.891313 ] }, { "date": "2023-09-08", "close": 2825.0, "volume": 1535, "typical_volume": 500.35, "trend": 2334.421676, "fair_value": 3729.543401, "relative_strength": 12.83854, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 86.54322, "energy": 71.062487, "activity_lines": [ 2605.0, 2567.526727, 2526.500618, 2420.563033 ] }, { "date": "2023-09-15", "close": 2860.0, "volume": 19, "typical_volume": 494.1, "trend": 2341.109338, "fair_value": 3730.420646, "relative_strength": 17.73175, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.527201, "energy": 94.995043, "activity_lines": [ 2704.666667, 2624.326909, 2569.442904, 2454.471312 ] }, { "date": "2023-09-22", "close": 2860.0, "volume": 0, "typical_volume": 493.2, "trend": 2347.797001, "fair_value": 3729.138594, "relative_strength": 18.022582, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.455527, "energy": 95.035121, "activity_lines": [ 2780.0, 2675.490727, 2606.480428, 2487.948129 ] }, { "date": "2023-09-29", "close": 2642.629883, "volume": 1950, "typical_volume": 294.3, "trend": 2354.858329, "fair_value": 3725.55135, "relative_strength": 11.978605, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.272138, "energy": 86.438255, "activity_lines": [ 2758.543294, 2679.278161, 2616.683322, 2506.969605 ] }, { "date": "2023-10-06", "close": 2642.629883, "volume": 0, "typical_volume": 291.15, "trend": 2373.595658, "fair_value": 3722.173849, "relative_strength": 15.812924, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.731518, "energy": 72.08616, "activity_lines": [ 2727.244596, 2681.544869, 2624.302264, 2525.535512 ] }, { "date": "2023-10-13", "close": 3110.0, "volume": 1330, "typical_volume": 357.15, "trend": 2409.850659, "fair_value": 3719.977055, "relative_strength": 37.208524, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.071412, "energy": 72.785545, "activity_lines": [ 2841.893945, 2768.721964, 2674.343931, 2573.04547 ] }, { "date": "2023-10-20", "close": 2946.949951, "volume": 831, "typical_volume": 342.1, "trend": 2440.670658, "fair_value": 3719.63699, "relative_strength": 33.083924, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.970683, "energy": 67.533718, "activity_lines": [ 2883.193278, 2815.071777, 2705.085595, 2607.697037 ] }, { "date": "2023-10-27", "close": 3000.0, "volume": 117, "typical_volume": 347.95, "trend": 2470.637325, "fair_value": 3719.027695, "relative_strength": 33.572388, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.447646, "energy": 70.495511, "activity_lines": [ 2936.379297, 2862.849783, 2739.013215, 2643.782801 ] }, { "date": "2023-11-03", "close": 2855.0, "volume": 20, "typical_volume": 333.55, "trend": 2495.770658, "fair_value": 3716.949811, "relative_strength": 21.608207, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.939291, "energy": 74.056672, "activity_lines": [ 2931.898649, 2875.082333, 2757.012264, 2668.580393 ] }, { "date": "2023-11-10", "close": 3100.0, "volume": 280, "typical_volume": 346.3, "trend": 2535.244324, "fair_value": 3718.16135, "relative_strength": 31.206765, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.988034, "energy": 69.106494, "activity_lines": [ 2994.92666, 2925.314884, 2797.520837, 2707.562931 ] }, { "date": "2023-11-17", "close": 3252.0, "volume": 1682, "typical_volume": 430.4, "trend": 2581.71099, "fair_value": 3720.469042, "relative_strength": 33.44481, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.198361, "energy": 72.883583, "activity_lines": [ 3078.129997, 2992.183798, 2849.886553, 2753.805232 ] }, { "date": "2023-11-24", "close": 3252.0, "volume": 168, "typical_volume": 438.8, "trend": 2636.11099, "fair_value": 3722.453016, "relative_strength": 32.354696, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.353043, "energy": 71.419198, "activity_lines": [ 3151.866667, 3051.289076, 2898.909411, 2797.049685 ] }, { "date": "2023-12-01", "close": 3252.0, "volume": 0, "typical_volume": 417.45, "trend": 2692.106657, "fair_value": 3719.676093, "relative_strength": 29.632451, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.36468, "energy": 79.806588, "activity_lines": [ 3205.266667, 3103.267081, 2944.589412, 2836.78446 ] }, { "date": "2023-12-08", "close": 3452.0, "volume": 22, "typical_volume": 399.55, "trend": 2737.173324, "fair_value": 3718.609939, "relative_strength": 35.305772, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.146782, "energy": 94.973188, "activity_lines": [ 3308.533333, 3184.48145, 3005.393223, 2885.809837 ] }, { "date": "2023-12-15", "close": 3452.0, "volume": 0, "typical_volume": 399.2, "trend": 2778.773324, "fair_value": 3716.738529, "relative_strength": 28.108116, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.227018, "energy": 93.128637, "activity_lines": [ 3372.0, 3250.979998, 3061.944606, 2931.927687 ] }, { "date": "2023-12-22", "close": 3748.0, "volume": 50, "typical_volume": 400.2, "trend": 2826.43999, "fair_value": 3714.802632, "relative_strength": 37.283236, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.018802, "energy": 96.831275, "activity_lines": [ 3510.666667, 3356.580908, 3142.815036, 2994.45844 ] }, { "date": "2023-12-29", "close": 3748.0, "volume": 0, "typical_volume": 400.2, "trend": 2866.206657, "fair_value": 3713.187247, "relative_strength": 35.881469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.667157, "energy": 96.170203, "activity_lines": [ 3616.266667, 3450.581818, 3217.718799, 3053.913924 ] }, { "date": "2024-01-05", "close": 3748.0, "volume": 0, "typical_volume": 400.2, "trend": 2905.973324, "fair_value": 3711.828273, "relative_strength": 37.312804, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.131393, "energy": 92.582859, "activity_lines": [ 3688.8, 3530.018182, 3286.655895, 3110.803818 ] }, { "date": "2024-01-12", "close": 3940.0, "volume": 1541, "typical_volume": 477.25, "trend": 2947.906657, "fair_value": 3710.725709, "relative_strength": 43.964065, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.04794, "energy": 97.510101, "activity_lines": [ 3792.266667, 3630.763636, 3367.91204, 3177.515216 ] }, { "date": "2024-01-19", "close": 3900.0, "volume": 129, "typical_volume": 483.7, "trend": 2992.906657, "fair_value": 3708.405196, "relative_strength": 41.074637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.720229, "energy": 93.198875, "activity_lines": [ 3849.866667, 3704.509091, 3438.477708, 3238.940593 ] }, { "date": "2024-01-26", "close": 4140.0, "volume": 12, "typical_volume": 407.55, "trend": 3045.906657, "fair_value": 3709.174427, "relative_strength": 44.048574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.034393, "energy": 97.829147, "activity_lines": [ 3957.6, 3807.345455, 3525.210042, 3312.946615 ] }, { "date": "2024-02-02", "close": 4213.700195, "volume": 14, "typical_volume": 407.3, "trend": 3101.36333, "fair_value": 3708.276224, "relative_strength": 41.604829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.292233, "energy": 97.544513, "activity_lines": [ 4063.766732, 3907.436399, 3612.699538, 3388.288134 ] }, { "date": "2024-02-09", "close": 4397.0, "volume": 156, "typical_volume": 415.1, "trend": 3166.996663, "fair_value": 3707.470134, "relative_strength": 48.301232, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.734454, "energy": 83.564666, "activity_lines": [ 4199.986719, 4023.369123, 3711.199967, 3471.877596 ] }, { "date": "2024-02-16", "close": 4298.310059, "volume": 146, "typical_volume": 324.9, "trend": 3224.973999, "fair_value": 3705.928853, "relative_strength": 44.086476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.927844, "energy": 71.868475, "activity_lines": [ 4260.043392, 4100.540039, 3792.982307, 3544.865557 ] }, { "date": "2024-02-23", "close": 3973.969971, "volume": 38, "typical_volume": 326.8, "trend": 3269.472998, "fair_value": 3703.843787, "relative_strength": 33.358803, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.210227, "energy": 67.999434, "activity_lines": [ 4188.099365, 4103.352575, 3835.990923, 3593.187878 ] }, { "date": "2024-03-01", "close": 3710.0, "volume": 4143, "typical_volume": 467.45, "trend": 3309.972998, "fair_value": 3701.737889, "relative_strength": 26.008192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.875534, "energy": 54.065188, "activity_lines": [ 4023.234017, 4048.680207, 3847.519827, 3621.608975 ] }, { "date": "2024-03-08", "close": 3399.0, "volume": 1315, "typical_volume": 491.65, "trend": 3340.106331, "fair_value": 3698.577633, "relative_strength": 15.763479, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 14.604073, "energy": 25.265864, "activity_lines": [ 3783.368669, 3938.153294, 3826.57254, 3627.352652 ] }, { "date": "2024-03-15", "close": 3240.0, "volume": 215, "typical_volume": 496.55, "trend": 3364.939665, "fair_value": 3695.173402, "relative_strength": 7.092281, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.963169, "energy": 34.04701, "activity_lines": [ 3544.816667, 3805.062744, 3788.329777, 3620.89418 ] }, { "date": "2024-03-22", "close": 3266.0, "volume": 706, "typical_volume": 530.85, "trend": 3390.639665, "fair_value": 3692.909299, "relative_strength": 6.485773, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -19.323228, "energy": 45.428269, "activity_lines": [ 3392.064665, 3685.935831, 3751.420347, 3614.510975 ] }, { "date": "2024-03-29", "close": 3257.800049, "volume": 25, "typical_volume": 518.1, "trend": 3416.066333, "fair_value": 3690.592633, "relative_strength": 4.155669, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.322708, "energy": 52.77862, "activity_lines": [ 3305.400016, 3577.572563, 3711.772827, 3605.940678 ] }, { "date": "2024-04-05", "close": 3111.0, "volume": 115, "typical_volume": 439.75, "trend": 3425.599666, "fair_value": 3686.500005, "relative_strength": -2.268585, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.863371, "energy": 71.841104, "activity_lines": [ 3217.54668, 3454.19474, 3657.392921, 3586.258979 ] }, { "date": "2024-04-12", "close": 3033.0, "volume": 1404, "typical_volume": 501.55, "trend": 3431.366333, "fair_value": 3680.612506, "relative_strength": -2.776852, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.457764, "energy": 76.710894, "activity_lines": [ 3143.626676, 3335.34419, 3596.255872, 3560.929968 ] }, { "date": "2024-04-19", "close": 2920.0, "volume": 247, "typical_volume": 513.9, "trend": 3433.366333, "fair_value": 3674.697442, "relative_strength": -5.811403, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -55.890414, "energy": 77.549016, "activity_lines": [ 3056.440007, 3217.415461, 3525.399776, 3527.938592 ] }, { "date": "2024-04-26", "close": 3067.0, "volume": 484, "typical_volume": 537.0, "trend": 3447.512004, "fair_value": 3668.803853, "relative_strength": -5.21779, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.31607, "energy": 68.327796, "activity_lines": [ 3039.58667, 3153.06855, 3470.124632, 3504.302054 ] }, { "date": "2024-05-03", "close": 2965.5, "volume": 65, "typical_volume": 540.25, "trend": 3458.274341, "fair_value": 3666.194237, "relative_strength": -7.970571, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.102616, "energy": 67.401632, "activity_lines": [ 3002.166667, 3092.65455, 3407.016154, 3473.204505 ] }, { "date": "2024-05-10", "close": 2872.01001, "volume": 801, "typical_volume": 577.8, "trend": 3450.341341, "fair_value": 3663.492827, "relative_strength": -12.117661, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -77.391383, "energy": 84.785608, "activity_lines": [ 2953.070003, 3033.578187, 3337.320535, 3435.381 ] }, { "date": "2024-05-17", "close": 2872.01001, "volume": 0, "typical_volume": 577.8, "trend": 3447.843343, "fair_value": 3660.791417, "relative_strength": -12.188568, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.191077, "energy": 82.585295, "activity_lines": [ 2919.906006, 2989.738006, 3271.796296, 3398.069301 ] }, { "date": "2024-05-24", "close": 2874.0, "volume": 500, "typical_volume": 602.8, "trend": 3443.643343, "fair_value": 3654.214494, "relative_strength": -8.962831, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.766537, "energy": 87.657448, "activity_lines": [ 2898.138005, 2955.841278, 3210.632961, 3361.04715 ] }, { "date": "2024-05-31", "close": 2800.0, "volume": 3866, "typical_volume": 719.05, "trend": 3441.81001, "fair_value": 3647.163212, "relative_strength": -11.01344, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.90052, "energy": 91.499668, "activity_lines": [ 2854.770003, 2915.144549, 3146.583912, 3319.521773 ] }, { "date": "2024-06-07", "close": 3310.0, "volume": 5516, "typical_volume": 988.4, "trend": 3448.81001, "fair_value": 3641.906288, "relative_strength": 8.993334, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.377819, "energy": 56.990083, "activity_lines": [ 2999.202002, 2975.647821, 3136.534863, 3311.017902 ] }, { "date": "2024-06-14", "close": 3420.0, "volume": 2999, "typical_volume": 1137.75, "trend": 3454.41001, "fair_value": 3635.058532, "relative_strength": 13.61014, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.912726, "energy": 28.828724, "activity_lines": [ 3157.334001, 3055.202002, 3139.771529, 3309.159191 ] }, { "date": "2024-06-21", "close": 3230.0, "volume": 62, "typical_volume": 1140.15, "trend": 3453.676676, "fair_value": 3628.09571, "relative_strength": 5.677086, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.356587, "energy": 35.539671, "activity_lines": [ 3215.6, 3094.592547, 3128.341527, 3294.681126 ] }, { "date": "2024-06-28", "close": 3533.0, "volume": 3224, "typical_volume": 1293.55, "trend": 3463.043343, "fair_value": 3623.406608, "relative_strength": 15.600974, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 17.361812, "energy": 37.8301, "activity_lines": [ 3351.0, 3185.492183, 3150.452955, 3299.79876 ] }, { "date": "2024-07-05", "close": 3687.0, "volume": 2613, "typical_volume": 1416.9, "trend": 3470.876676, "fair_value": 3618.194941, "relative_strength": 19.969951, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.971119, "energy": 54.150138, "activity_lines": [ 3493.8, 3293.246365, 3191.345336, 3314.247576 ] }, { "date": "2024-07-12", "close": 3585.0, "volume": 594, "typical_volume": 1444.7, "trend": 3475.31001, "fair_value": 3613.291095, "relative_strength": 10.363735, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.551639, "energy": 49.27623, "activity_lines": [ 3543.466667, 3371.182364, 3225.434431, 3321.610372 ] }, { "date": "2024-07-19", "close": 3700.0, "volume": 35, "typical_volume": 1239.3, "trend": 3473.71001, "fair_value": 3607.181607, "relative_strength": 15.806992, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.95886, "energy": 71.523883, "activity_lines": [ 3613.133333, 3458.763818, 3272.328145, 3336.1065 ] }, { "date": "2024-07-26", "close": 3444.290039, "volume": 12, "typical_volume": 1174.15, "trend": 3463.586344, "fair_value": 3599.432953, "relative_strength": 8.951826, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 27.57116, "energy": 54.918364, "activity_lines": [ 3578.89668, 3484.798189, 3294.916148, 3334.208437 ] }, { "date": "2024-08-02", "close": 3267.01001, "volume": 19, "typical_volume": 1164.35, "trend": 3447.553345, "fair_value": 3590.547888, "relative_strength": 3.940597, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.51463, "energy": 22.862067, "activity_lines": [ 3471.28068, 3468.194735, 3300.404672, 3321.526093 ] }, { "date": "2024-08-09", "close": 3212.22998, "volume": 11, "typical_volume": 1129.6, "trend": 3423.294344, "fair_value": 3581.31167, "relative_strength": 0.200614, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -11.549373, "energy": 12.56208, "activity_lines": [ 3363.137337, 3434.48564, 3300.547432, 3306.343941 ] }, { "date": "2024-08-16", "close": 3540.0, "volume": 85, "typical_volume": 1132.6, "trend": 3411.294344, "fair_value": 3573.875772, "relative_strength": 7.681625, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 15.436485, "energy": 17.563843, "activity_lines": [ 3395.902002, 3452.876003, 3332.162431, 3313.873338 ] }, { "date": "2024-08-23", "close": 3790.0, "volume": 9271, "typical_volume": 1590.4, "trend": 3399.627677, "fair_value": 3565.382183, "relative_strength": 15.687537, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 42.776962, "energy": 23.440106, "activity_lines": [ 3515.0, 3512.539094, 3386.243145, 3338.305961 ] }, { "date": "2024-08-30", "close": 3975.0, "volume": 53, "typical_volume": 1522.85, "trend": 3391.671004, "fair_value": 3554.196285, "relative_strength": 21.582966, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 52.210794, "energy": 60.725943, "activity_lines": [ 3689.764665, 3599.111275, 3454.709574, 3375.426756 ] }, { "date": "2024-09-06", "close": 3136.5, "volume": 534, "typical_volume": 1537.2, "trend": 3349.654338, "fair_value": 3539.596926, "relative_strength": -0.861627, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 32.208923, "energy": 30.506064, "activity_lines": [ 3549.648665, 3519.683456, 3438.833145, 3358.96411 ] }, { "date": "2024-09-13", "close": 3275.310059, "volume": 389, "typical_volume": 1532.45, "trend": 3315.554338, "fair_value": 3525.656606, "relative_strength": 1.439122, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.900149, "energy": 20.674763, "activity_lines": [ 3464.503353, 3472.702921, 3435.145769, 3354.167705 ] }, { "date": "2024-09-20", "close": 3340.0, "volume": 66, "typical_volume": 1532.5, "trend": 3294.422005, "fair_value": 3511.143786, "relative_strength": 2.82284, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.501314, "energy": 15.824623, "activity_lines": [ 3396.716016, 3444.969465, 3436.627388, 3355.744845 ] }, { "date": "2024-09-27", "close": 3400.0, "volume": 2760, "typical_volume": 1630.45, "trend": 3284.088672, "fair_value": 3498.579683, "relative_strength": 3.106952, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.041939, "energy": 21.352729, "activity_lines": [ 3362.262012, 3432.599645, 3442.039959, 3362.556328 ] }, { "date": "2024-10-04", "close": 3365.0, "volume": 696, "typical_volume": 1665.25, "trend": 3282.955339, "fair_value": 3483.611734, "relative_strength": 2.034273, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.818464, "energy": 16.565199, "activity_lines": [ 3342.141341, 3419.320734, 3441.604958, 3367.776414 ] }, { "date": "2024-10-11", "close": 3900.0, "volume": 2565, "typical_volume": 1768.5, "trend": 3304.955339, "fair_value": 3471.021991, "relative_strength": 18.324428, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.874974, "energy": 36.424772, "activity_lines": [ 3541.020671, 3504.756188, 3489.774768, 3407.585747 ] }, { "date": "2024-10-18", "close": 3800.0, "volume": 1118, "typical_volume": 1631.1, "trend": 3322.755339, "fair_value": 3455.733529, "relative_strength": 13.548368, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 63.732446, "energy": 59.730936, "activity_lines": [ 3655.666667, 3560.500914, 3523.535053, 3439.524112 ] }, { "date": "2024-10-25", "close": 3700.0, "volume": 352, "typical_volume": 1372.9, "trend": 3337.495337, "fair_value": 3438.188657, "relative_strength": 12.863725, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.624497, "energy": 62.698069, "activity_lines": [ 3702.0, 3587.377095, 3543.009624, 3463.862477 ] }, { "date": "2024-11-01", "close": 3810.0, "volume": 124, "typical_volume": 1229.15, "trend": 3360.795337, "fair_value": 3419.534811, "relative_strength": 18.183989, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.393487, "energy": 70.189646, "activity_lines": [ 3761.0, 3631.344185, 3571.103242, 3494.346649 ] }, { "date": "2024-11-08", "close": 3940.25, "volume": 1045, "typical_volume": 1278.3, "trend": 3391.037004, "fair_value": 3399.138978, "relative_strength": 18.784792, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.221386, "energy": 70.93429, "activity_lines": [ 3836.083333, 3698.629457, 3609.74448, 3531.730821 ] }, { "date": "2024-11-15", "close": 4068.0, "volume": 1231, "typical_volume": 1178.65, "trend": 3429.30367, "fair_value": 3375.228721, "relative_strength": 25.268224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.517806, "energy": 69.738148, "activity_lines": [ 3915.4, 3789.773819, 3657.170242, 3575.405853 ] }, { "date": "2024-11-22", "close": 4274.049805, "volume": 854, "typical_volume": 1090.7, "trend": 3469.538664, "fair_value": 3356.029424, "relative_strength": 30.804252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.291823, "energy": 82.009075, "activity_lines": [ 4052.199935, 3901.445419, 3721.672175, 3629.905604 ] }, { "date": "2024-11-29", "close": 4287.0, "volume": 23, "typical_volume": 1062.15, "trend": 3513.588664, "fair_value": 3341.413464, "relative_strength": 31.820006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.379889, "energy": 85.941705, "activity_lines": [ 4161.713281, 3997.312695, 3784.611985, 3682.645045 ] }, { "date": "2024-12-06", "close": 4185.0, "volume": 1572, "typical_volume": 1139.0, "trend": 3557.354997, "fair_value": 3328.186476, "relative_strength": 24.174173, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.538984, "energy": 86.654169, "activity_lines": [ 4198.093294, 4057.416335, 3834.494652, 3725.961905 ] }, { "date": "2024-12-13", "close": 3985.0, "volume": 64, "typical_volume": 1141.6, "trend": 3594.454663, "fair_value": 3312.312887, "relative_strength": 17.043994, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.948111, "energy": 77.655957, "activity_lines": [ 4142.806641, 4066.883612, 3863.020177, 3753.551905 ] }, { "date": "2024-12-20", "close": 3878.0, "volume": 221, "typical_volume": 1151.7, "trend": 3627.92133, "fair_value": 3294.691092, "relative_strength": 18.131096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.655322, "energy": 45.341492, "activity_lines": [ 4048.869987, 4045.623615, 3878.780415, 3771.845153 ] }, { "date": "2024-12-27", "close": 3740.52002, "volume": 750, "typical_volume": 1188.65, "trend": 3659.271997, "fair_value": 3276.111093, "relative_strength": 14.275561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.41566, "energy": 21.672894, "activity_lines": [ 3921.77334, 3999.767259, 3878.537847, 3779.109585 ] }, { "date": "2025-01-03", "close": 3790.0, "volume": 24, "typical_volume": 1185.6, "trend": 3675.271997, "fair_value": 3266.3034, "relative_strength": 16.214954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.348798, "energy": 27.667562, "activity_lines": [ 3846.738672, 3963.988716, 3880.49199, 3787.543649 ] }, { "date": "2025-01-10", "close": 3758.0, "volume": 190, "typical_volume": 731.55, "trend": 3686.538664, "fair_value": 3254.78417, "relative_strength": 13.586754, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.090886, "energy": 27.412074, "activity_lines": [ 3794.170671, 3920.755629, 3878.208038, 3792.88094 ] }, { "date": "2025-01-17", "close": 3906.600098, "volume": 410, "typical_volume": 749.4, "trend": 3709.092, "fair_value": 3246.929042, "relative_strength": 16.998209, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.227198, "energy": 24.796328, "activity_lines": [ 3819.602702, 3905.486195, 3890.228858, 3807.078452 ] }, { "date": "2025-01-24", "close": 3945.0, "volume": 655, "typical_volume": 755.45, "trend": 3722.825334, "fair_value": 3240.422632, "relative_strength": 14.757752, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.362938, "energy": 16.636561, "activity_lines": [ 3863.061361, 3897.810378, 3906.232524, 3822.298323 ] }, { "date": "2025-01-31", "close": 4183.0, "volume": 75, "typical_volume": 739.75, "trend": 3739.358667, "fair_value": 3232.505965, "relative_strength": 21.706395, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.711071, "energy": 37.198409, "activity_lines": [ 3981.386686, 3935.643652, 3941.052858, 3851.987011 ] }, { "date": "2025-02-07", "close": 4212.680176, "volume": 542, "typical_volume": 763.55, "trend": 3760.28134, "fair_value": 3221.824428, "relative_strength": 18.733814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.284789, "energy": 68.572175, "activity_lines": [ 4080.106738, 3980.528773, 3974.377541, 3882.523882 ] }, { "date": "2025-02-14", "close": 4360.0, "volume": 50, "typical_volume": 628.05, "trend": 3782.28134, "fair_value": 3212.414171, "relative_strength": 19.837452, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.106561, "energy": 89.92936, "activity_lines": [ 4199.75472, 4053.550586, 4017.577065, 3921.215409 ] }, { "date": "2025-02-21", "close": 4360.0, "volume": 0, "typical_volume": 593.25, "trend": 3812.805005, "fair_value": 3211.77385, "relative_strength": 20.216003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.096517, "energy": 93.438258, "activity_lines": [ 4279.269369, 4123.390581, 4056.20516, 3958.48758 ] }, { "date": "2025-02-28", "close": 3950.0, "volume": 14, "typical_volume": 465.7, "trend": 3835.571338, "fair_value": 3206.549491, "relative_strength": 11.57622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.0735, "energy": 72.016322, "activity_lines": [ 4191.89069, 4111.866939, 4051.04754, 3967.33887 ] }, { "date": "2025-03-07", "close": 4185.0, "volume": 738, "typical_volume": 446.7, "trend": 3867.997005, "fair_value": 3204.618145, "relative_strength": 16.490773, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.587373, "energy": 54.509075, "activity_lines": [ 4182.512012, 4141.761479, 4068.032778, 3989.882655 ] }, { "date": "2025-03-14", "close": 3900.0, "volume": 246, "typical_volume": 441.4, "trend": 3879.997005, "fair_value": 3201.637375, "relative_strength": 8.779316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.181368, "energy": 17.086618, "activity_lines": [ 4078.0, 4111.756383, 4056.041825, 3991.947364 ] }, { "date": "2025-03-21", "close": 3900.0, "volume": 5, "typical_volume": 435.45, "trend": 3883.663672, "fair_value": 3196.50917, "relative_strength": 7.894145, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.028184, "energy": 21.699681, "activity_lines": [ 3994.333333, 4079.751287, 4043.098491, 3993.23788 ] }, { "date": "2025-03-28", "close": 4255.870117, "volume": 467, "typical_volume": 406.55, "trend": 3893.026009, "fair_value": 3191.995517, "relative_strength": 15.875987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.684548, "energy": 24.475258, "activity_lines": [ 4059.956706, 4109.868031, 4063.618978, 4017.251199 ] }, { "date": "2025-04-04", "close": 3645.0, "volume": 377, "typical_volume": 363.85, "trend": 3909.976009, "fair_value": 3185.360902, "relative_strength": 2.070351, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -17.498219, "energy": 22.881433, "activity_lines": [ 3928.898698, 4022.567116, 4024.458405, 4001.249521 ] }, { "date": "2025-04-11", "close": 4004.149902, "volume": 50, "typical_volume": 323.65, "trend": 3934.270671, "fair_value": 3181.028529, "relative_strength": 11.282912, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.655587, "energy": 14.503334, "activity_lines": [ 3937.890657, 4006.02073, 4021.516871, 4007.325256 ] }, { "date": "2025-04-18", "close": 4020.0, "volume": 165, "typical_volume": 330.75, "trend": 3956.937337, "fair_value": 3178.445196, "relative_strength": 7.822144, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.689452, "energy": 9.648148, "activity_lines": [ 3964.222656, 3995.607999, 4021.370108, 4012.856181 ] }, { "date": "2025-04-25", "close": 4115.0, "volume": 125, "typical_volume": 258.4, "trend": 3980.770671, "fair_value": 3176.470837, "relative_strength": 2.619693, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.108428, "energy": 16.992655, "activity_lines": [ 4014.221322, 4005.971271, 4031.542392, 4023.053772 ] }, { "date": "2025-05-02", "close": 4380.0, "volume": 15, "typical_volume": 255.95, "trend": 4014.604004, "fair_value": 3178.265709, "relative_strength": 10.208866, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.117402, "energy": 36.119139, "activity_lines": [ 4138.219987, 4068.970907, 4067.286105, 4048.810503 ] }, { "date": "2025-05-09", "close": 4380.0, "volume": 0, "typical_volume": 244.9, "trend": 4030.604004, "fair_value": 3186.807953, "relative_strength": 7.960888, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 65.418154, "energy": 59.357147, "activity_lines": [ 4253.943327, 4131.606907, 4101.148865, 4072.384438 ] }, { "date": "2025-05-16", "close": 4380.0, "volume": 0, "typical_volume": 207.4, "trend": 4049.937337, "fair_value": 3197.160517, "relative_strength": 4.568199, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.73254, "energy": 68.887489, "activity_lines": [ 4320.666667, 4186.424725, 4132.62115, 4094.926115 ] }, { "date": "2025-05-23", "close": 4890.0, "volume": 47, "typical_volume": 208.55, "trend": 4089.604004, "fair_value": 3208.275902, "relative_strength": 14.923472, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.547526, "energy": 85.023287, "activity_lines": [ 4532.333333, 4330.424361, 4209.61972, 4149.123706 ] }, { "date": "2025-05-30", "close": 5303.0, "volume": 1514, "typical_volume": 274.75, "trend": 4139.370671, "fair_value": 3222.769491, "relative_strength": 24.509421, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.45583, "energy": 96.325681, "activity_lines": [ 4823.666667, 4531.514906, 4320.713528, 4227.407319 ] }, { "date": "2025-06-06", "close": 5752.279785, "volume": 647, "typical_volume": 286.6, "trend": 4199.771663, "fair_value": 3238.809746, "relative_strength": 33.273322, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.338996, "energy": 98.620758, "activity_lines": [ 5185.559928, 4788.783594, 4467.238744, 4331.465972 ] }, { "date": "2025-06-13", "close": 5715.0, "volume": 162, "typical_volume": 261.95, "trend": 4254.671663, "fair_value": 3256.213593, "relative_strength": 32.67809, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.494123, "energy": 96.588068, "activity_lines": [ 5443.541276, 5012.06669, 4601.424554, 4429.222638 ] }, { "date": "2025-06-20", "close": 5820.0, "volume": 423, "typical_volume": 279.35, "trend": 4306.203337, "fair_value": 3273.232823, "relative_strength": 36.456222, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.139618, "energy": 94.373681, "activity_lines": [ 5647.522624, 5216.804332, 4737.181792, 4530.211563 ] }, { "date": "2025-06-27", "close": 5924.0, "volume": 260, "typical_volume": 265.25, "trend": 4360.770003, "fair_value": 3290.918721, "relative_strength": 34.940364, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.188449, "energy": 93.708873, "activity_lines": [ 5790.170638, 5407.435609, 4875.048554, 4634.585542 ] }, { "date": "2025-07-04", "close": 5810.0, "volume": 484, "typical_volume": 286.95, "trend": 4414.93667, "fair_value": 3306.269682, "relative_strength": 30.032574, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.622423, "energy": 88.920807, "activity_lines": [ 5825.885319, 5542.721431, 4993.909031, 4728.084251 ] }, { "date": "2025-07-11", "close": 5631.27002, "volume": 302, "typical_volume": 302.05, "trend": 4469.812337, "fair_value": 3322.437823, "relative_strength": 28.020175, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.20123, "energy": 86.66868, "activity_lines": [ 5768.22334, 5614.692711, 5088.842843, 4806.55737 ] }, { "date": "2025-07-18", "close": 5400.0, "volume": 406, "typical_volume": 321.65, "trend": 4520.545671, "fair_value": 3335.514746, "relative_strength": 22.640825, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.004546, "energy": 65.718984, "activity_lines": [ 5641.538672, 5621.864533, 5155.697273, 4866.569478 ] }, { "date": "2025-07-25", "close": 5350.0, "volume": 39, "typical_volume": 286.7, "trend": 4574.195003, "fair_value": 3350.578849, "relative_strength": 18.461504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.346358, "energy": 54.120635, "activity_lines": [ 5519.187337, 5601.399991, 5210.885035, 4920.08266 ] }, { "date": "2025-08-01", "close": 5481.0, "volume": 63, "typical_volume": 277.55, "trend": 4630.56167, "fair_value": 3364.014746, "relative_strength": 21.264319, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.938788, "energy": 43.943377, "activity_lines": [ 5471.836003, 5587.117267, 5273.00137, 4978.586208 ] }, { "date": "2025-08-08", "close": 5007.0, "volume": 251, "typical_volume": 289.85, "trend": 4672.195003, "fair_value": 3373.032118, "relative_strength": 7.874676, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.826295, "energy": 36.551116, "activity_lines": [ 5296.018001, 5475.907271, 5282.446275, 5002.872552 ] }, { "date": "2025-08-15", "close": 5081.0, "volume": 639, "typical_volume": 298.45, "trend": 4711.341667, "fair_value": 3382.523848, "relative_strength": 8.433857, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.018302, "energy": 33.879292, "activity_lines": [ 5198.4, 5383.533638, 5293.667371, 5029.247068 ] }, { "date": "2025-08-22", "close": 5242.859863, "volume": 405, "typical_volume": 299.85, "trend": 4754.603662, "fair_value": 3393.053142, "relative_strength": 9.714368, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.258439, "energy": 31.18692, "activity_lines": [ 5191.419954, 5332.794158, 5316.374502, 5063.538565 ] }, { "date": "2025-08-29", "close": 5150.0, "volume": 420, "typical_volume": 318.35, "trend": 4786.836995, "fair_value": 3402.98718, "relative_strength": 8.39402, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.849392, "energy": 29.964946, "activity_lines": [ 5163.96263, 5273.755433, 5322.628981, 5089.048006 ] }, { "date": "2025-09-05", "close": 5091.0, "volume": 1333, "typical_volume": 376.75, "trend": 4816.114323, "fair_value": 3412.397437, "relative_strength": 3.454756, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.359143, "energy": 24.141088, "activity_lines": [ 5130.171973, 5216.171254, 5317.807982, 5108.671426 ] }, { "date": "2025-09-12", "close": 5219.0, "volume": 454, "typical_volume": 393.2, "trend": 4844.747656, "fair_value": 3423.288462, "relative_strength": 3.267568, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.38999, "energy": 16.428627, "activity_lines": [ 5165.047982, 5197.005256, 5320.07746, 5134.66405 ] }, { "date": "2025-09-19", "close": 5338.0, "volume": 1329, "typical_volume": 458.9, "trend": 4877.347656, "fair_value": 3435.134616, "relative_strength": 6.076074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.899042, "energy": 18.021484, "activity_lines": [ 5225.457324, 5210.221076, 5328.423128, 5166.486782 ] }, { "date": "2025-09-26", "close": 5350.0, "volume": 445, "typical_volume": 481.15, "trend": 4924.014323, "fair_value": 3447.057693, "relative_strength": 3.904879, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.015048, "energy": 26.292089, "activity_lines": [ 5272.733333, 5230.950897, 5333.349749, 5196.980481 ] }, { "date": "2025-10-03", "close": 5622.0, "volume": 54, "typical_volume": 483.85, "trend": 4971.914323, "fair_value": 3460.72436, "relative_strength": 9.077139, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.299186, "energy": 49.385741, "activity_lines": [ 5403.533333, 5302.044354, 5359.562084, 5242.011815 ] }, { "date": "2025-10-10", "close": 5750.0, "volume": 47, "typical_volume": 483.85, "trend": 5033.58099, "fair_value": 3478.621796, "relative_strength": 13.629043, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 71.769452, "energy": 68.948874, "activity_lines": [ 5545.533333, 5391.465083, 5392.050609, 5292.210891 ] }, { "date": "2025-10-17", "close": 5612.75, "volume": 500, "typical_volume": 433.15, "trend": 5090.672656, "fair_value": 3495.639424, "relative_strength": 8.326204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.374215, "energy": 74.76642, "activity_lines": [ 5597.85, 5451.040359, 5407.372468, 5329.576634 ] }, { "date": "2025-10-24", "close": 5612.75, "volume": 0, "typical_volume": 400.8, "trend": 5135.901986, "fair_value": 3512.211668, "relative_strength": 8.87881, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.649791, "energy": 77.742241, "activity_lines": [ 5623.916667, 5499.601998, 5421.219327, 5363.259043 ] }, { "date": "2025-10-31", "close": 5612.75, "volume": 0, "typical_volume": 392.7, "trend": 5201.493652, "fair_value": 3528.783911, "relative_strength": 5.721003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.991671, "energy": 73.772336, "activity_lines": [ 5631.666667, 5538.495455, 5435.730613, 5394.023431 ] }, { "date": "2025-11-07", "close": 5821.0, "volume": 104, "typical_volume": 376.75, "trend": 5262.055322, "fair_value": 3551.147373, "relative_strength": 8.203626, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.121036, "energy": 69.989676, "activity_lines": [ 5691.316667, 5608.527273, 5470.562137, 5433.991583 ] }, { "date": "2025-11-14", "close": 5820.0, "volume": 51, "typical_volume": 366.3, "trend": 5322.055322, "fair_value": 3570.82686, "relative_strength": 9.685809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.473204, "energy": 67.797159, "activity_lines": [ 5737.366667, 5666.177273, 5505.293662, 5469.988013 ] }, { "date": "2025-11-21", "close": 5364.0, "volume": 50, "typical_volume": 344.6, "trend": 5363.688656, "fair_value": 3587.58327, "relative_strength": 1.784771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.756216, "energy": 30.576434, "activity_lines": [ 5626.75, 5627.663636, 5497.091853, 5472.694122 ] }, { "date": "2025-11-28", "close": 4635.0, "volume": 1122, "typical_volume": 385.6, "trend": 5372.188656, "fair_value": 3599.666603, "relative_strength": -14.170947, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -39.002357, "energy": 31.860611, "activity_lines": [ 5289.716667, 5453.968182, 5421.585282, 5425.68195 ] }, { "date": "2025-12-05", "close": 4428.0, "volume": 69, "typical_volume": 368.75, "trend": 5373.788656, "fair_value": 3613.628142, "relative_strength": -17.504047, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -88.507253, "energy": 75.15585, "activity_lines": [ 4948.866667, 5255.418182, 5331.108568, 5364.766553 ] }, { "date": "2025-12-12", "close": 4428.0, "volume": 10, "typical_volume": 367.3, "trend": 5375.388656, "fair_value": 3627.121732, "relative_strength": -19.043084, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.800434, "energy": 94.379891, "activity_lines": [ 4687.0, 5073.631818, 5245.260426, 5303.74793 ] }, { "date": "2025-12-19", "close": 4428.0, "volume": 0, "typical_volume": 364.15, "trend": 5359.988656, "fair_value": 3642.209231, "relative_strength": -17.932342, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.821629, "energy": 91.818845, "activity_lines": [ 4518.0, 4913.554545, 5163.80276, 5242.626082 ] }, { "date": "2025-12-26", "close": 4428.0, "volume": 0, "typical_volume": 351.6, "trend": 5330.821989, "fair_value": 3657.256154, "relative_strength": -19.865716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.41493, "energy": 89.852546, "activity_lines": [ 4441.8, 4777.513636, 5087.35938, 5182.497781 ] }, { "date": "2026-01-02", "close": 4072.0, "volume": 160, "typical_volume": 327.65, "trend": 5274.812663, "fair_value": 3670.021027, "relative_strength": -24.349996, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.681014, "energy": 96.444718, "activity_lines": [ 4309.333333, 4598.286364, 4979.76838, 5101.283459 ] }, { "date": "2026-01-09", "close": 3900.0, "volume": 562, "typical_volume": 335.5, "trend": 5214.312663, "fair_value": 3682.155642, "relative_strength": -29.38174, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.631284, "energy": 97.105962, "activity_lines": [ 4157.066667, 4415.8, 4860.60119, 5012.585868 ] }, { "date": "2026-01-16", "close": 3752.0, "volume": 25, "typical_volume": 315.75, "trend": 5145.379329, "fair_value": 3693.341539, "relative_strength": -32.807569, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.597006, "energy": 96.512576, "activity_lines": [ 3990.666667, 4237.545455, 4733.733333, 4918.243116 ] }, { "date": "2026-01-23", "close": 3624.149902, "volume": 358, "typical_volume": 267.0, "trend": 5068.71766, "fair_value": 3703.707885, "relative_strength": -35.748641, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.845199, "energy": 95.614778, "activity_lines": [ 3826.716634, 4073.663619, 4601.346419, 4820.099282 ] }, { "date": "2026-01-30", "close": 3500.0, "volume": 246, "typical_volume": 256.6, "trend": 4991.71766, "fair_value": 3711.07968, "relative_strength": -36.964063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.221733, "energy": 92.096255, "activity_lines": [ 3674.973307, 3927.13362, 4464.120705, 4718.891691 ] }, { "date": "2026-02-06", "close": 2879.0, "volume": 45, "typical_volume": 192.4, "trend": 4899.975325, "fair_value": 3714.470705, "relative_strength": -50.042127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -97.499198, "energy": 96.576718, "activity_lines": [ 3378.096647, 3701.58544, 4275.937849, 4582.587326 ] }, { "date": "2026-02-13", "close": 3033.0, "volume": 1076, "typical_volume": 223.95, "trend": 4821.075325, "fair_value": 3716.865769, "relative_strength": -47.387805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.998796, "energy": 88.004662, "activity_lines": [ 3212.086654, 3535.964533, 4114.131183, 4462.137305 ] }, { "date": "2026-02-20", "close": 2860.0, "volume": 1169, "typical_volume": 279.7, "trend": 4738.075325, "fair_value": 3718.151858, "relative_strength": -49.868143, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.595713, "energy": 94.236403, "activity_lines": [ 3046.209993, 3364.252717, 3946.881659, 4335.616316 ] }, { "date": "2026-02-27", "close": 2495.0, "volume": 8282, "typical_volume": 691.45, "trend": 4638.541992, "fair_value": 3718.56346, "relative_strength": -55.815826, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -95.25221, "energy": 98.321888, "activity_lines": [ 2818.133333, 3154.686355, 3758.022612, 4190.901779 ] }, { "date": "2026-03-06", "close": 2922.0, "volume": 1184, "typical_volume": 725.65, "trend": 4569.041992, "fair_value": 3723.957627, "relative_strength": -44.626209, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.624517, "energy": 88.184114, "activity_lines": [ 2807.666667, 3057.901811, 3625.330232, 4080.157134 ] }, { "date": "2026-03-13", "close": 2685.0, "volume": 10, "typical_volume": 726.15, "trend": 4489.175325, "fair_value": 3728.205383, "relative_strength": -47.396216, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.576724, "energy": 78.272775, "activity_lines": [ 2756.733333, 2945.408176, 3482.879518, 3958.606038 ] }, { "date": "2026-03-20", "close": 2716.5, "volume": 302, "typical_volume": 741.25, "trend": 4404.96333, "fair_value": 3732.655063, "relative_strength": -45.092379, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.649604, "energy": 68.875061, "activity_lines": [ 2729.233333, 2863.859996, 3357.370471, 3844.239888 ] }, { "date": "2026-03-27", "close": 2400.0, "volume": 385, "typical_volume": 755.3, "trend": 4313.296663, "fair_value": 3734.57173, "relative_strength": -52.827283, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.965159, "energy": 73.404583, "activity_lines": [ 2617.333333, 2746.284544, 3215.510233, 3714.887415 ] }, { "date": "2026-04-03", "close": 2505.419922, "volume": 28, "typical_volume": 754.15, "trend": 4227.110661, "fair_value": 3737.164165, "relative_strength": -52.468126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.311174, "energy": 69.981128, "activity_lines": [ 2571.239974, 2672.458168, 3099.980464, 3598.250206 ] }, { "date": "2026-04-10", "close": 2040.0, "volume": 532, "typical_volume": 778.25, "trend": 4121.143994, "fair_value": 3737.960383, "relative_strength": -60.993243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.595845, "energy": 75.818466, "activity_lines": [ 2369.311979, 2534.350533, 2955.908703, 3457.146292 ] }, { "date": "2026-04-17", "close": 2333.0, "volume": 1787, "typical_volume": 811.5, "trend": 4020.977327, "fair_value": 3741.005255, "relative_strength": -54.770749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.088563, "energy": 67.733778, "activity_lines": [ 2323.850651, 2476.06108, 2855.570275, 3341.782164 ] }, { "date": "2026-04-24", "close": 2275.0, "volume": 937, "typical_volume": 854.9, "trend": 3918.477327, "fair_value": 3745.203972, "relative_strength": -55.051483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.373956, "energy": 67.209623, "activity_lines": [ 2282.522656, 2417.153445, 2760.669943, 3229.138465 ] }, { "date": "2026-05-01", "close": 2293.899902, "volume": 117, "typical_volume": 860.25, "trend": 3807.540658, "fair_value": 3749.830703, "relative_strength": -53.21159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.414129, "energy": 66.5595, "activity_lines": [ 2276.927962, 2375.463974, 2677.821982, 3124.327018 ] }, { "date": "2026-05-08", "close": 2600.0, "volume": 1678, "typical_volume": 944.15, "trend": 3702.540658, "fair_value": 3753.035831, "relative_strength": -47.926886, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.196534, "energy": 61.771608, "activity_lines": [ 2380.439974, 2399.721795, 2634.288793, 3046.421169 ] }, { "date": "2026-05-15", "close": 2806.600098, "volume": 28850, "typical_volume": 2386.65, "trend": 3609.002327, "fair_value": 3756.898652, "relative_strength": -41.698036, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.594071, "energy": 45.863739, "activity_lines": [ 2546.513346, 2459.63418, 2619.136565, 2988.618553 ] }, { "date": "2026-05-22", "close": 3130.0, "volume": 10020, "typical_volume": 2879.65, "trend": 3526.243994, "fair_value": 3762.10378, "relative_strength": -34.646811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.661419, "energy": 25.698364, "activity_lines": [ 2769.280013, 2580.444727, 2642.50528, 2957.715177 ] }, { "date": "2026-05-29", "close": 2421.169922, "volume": 19508, "typical_volume": 3826.95, "trend": 3419.857992, "fair_value": 3761.245895, "relative_strength": -48.842933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.170545, "energy": 30.082163, "activity_lines": [ 2702.636654, 2564.286168, 2602.852083, 2886.420075 ] }, { "date": "2026-06-05", "close": 2282.0, "volume": 95, "typical_volume": 3830.45, "trend": 3301.891325, "fair_value": 3759.495895, "relative_strength": -49.083839, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.586031, "energy": 27.156444, "activity_lines": [ 2579.858659, 2528.193626, 2556.986656, 2813.009882 ] }, { "date": "2026-06-12", "close": 2223.560059, "volume": 1424, "typical_volume": 3883.75, "trend": 3182.009994, "fair_value": 3756.557177, "relative_strength": -50.778717, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.100224, "energy": 43.287596, "activity_lines": [ 2438.394011, 2483.621094, 2512.55552, 2743.440123 ] }, { "date": "2026-06-19", "close": 2100.0, "volume": 0, "typical_volume": 3871.45, "trend": 3073.209994, "fair_value": 3753.672562, "relative_strength": -52.344377, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.557646, "energy": 57.529065, "activity_lines": [ 2280.838672, 2421.707821, 2463.026235, 2673.633027 ] }, { "date": "2026-06-26", "close": 2305.0, "volume": 167, "typical_volume": 3877.55, "trend": 2995.543327, "fair_value": 3752.102049, "relative_strength": -46.223995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.982525, "energy": 64.820541, "activity_lines": [ 2238.72334, 2395.976367, 2439.687426, 2624.071092 ] }, { "date": "2026-07-03", "close": 2578.5, "volume": 0, "typical_volume": 3823.75, "trend": 2933.893327, "fair_value": 3752.284742, "relative_strength": -38.550043, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.818777, "energy": 41.560656, "activity_lines": [ 2342.774675, 2420.481277, 2445.129569, 2597.165071 ] }, { "date": "2026-07-10", "close": 2445.0, "volume": 672, "typical_volume": 3798.9, "trend": 2867.793327, "fair_value": 3752.393716, "relative_strength": -40.081743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.23225, "energy": 32.027373, "activity_lines": [ 2391.837337, 2415.195277, 2440.021712, 2565.623566 ] }, { "date": "2026-07-17", "close": 2530.0, "volume": 2727, "typical_volume": 3521.15, "trend": 2804.52666, "fair_value": 3752.207883, "relative_strength": -36.981961, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.633705, "energy": 15.983377, "activity_lines": [ 2458.366667, 2422.616548, 2444.985284, 2543.830448 ] }, { "date": "2026-07-24", "close": 2450.0, "volume": 3842, "typical_volume": 3654.05, "trend": 2738.593327, "fair_value": 3750.996344, "relative_strength": -37.620495, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.479636, "energy": 17.336399, "activity_lines": [ 2477.8, 2416.765092, 2442.163142, 2520.95776 ] }, { "date": "2026-07-31", "close": 2596.5, "volume": 4155, "typical_volume": 3861.3, "trend": 2689.409993, "fair_value": 3751.646985, "relative_strength": -33.187862, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.204212, "energy": 11.947266, "activity_lines": [ 2522.733333, 2444.033638, 2455.540999, 2511.790449 ] }, { "date": "2026-08-07", "close": 2795.0, "volume": 731, "typical_volume": 3882.75, "trend": 2652.57666, "fair_value": 3753.570062, "relative_strength": -27.006765, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.303273, "energy": 14.21717, "activity_lines": [ 2614.4, 2517.093093, 2488.245047, 2518.602707 ] } ], "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." } } }