{ "ticker": { "uuid": "a9038ff0-70c0-4f86-9469-bd844dfdc249", "symbol": "WAM", "name": "WAM Capital Limited", "exchange": "ASX", "country": "AU", "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": "^AXJO", "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": -29.912, "architecture_energy": 22.807, "architecture_maturity": 92.291, "architecture_confidence": 61.009, "architecture_tenure": "Established", "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": 52.01, "rotation_up": 32.17, "upward_expansion": 19.04, "deceleration": 46.72, "rotation_down": 19.49, "downward_expansion": 53.04 }, "activity_lines": [ 1.571333, 1.556091, 1.566957, 1.587036 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 1.58, "trend_reference": 1.622318, "distance_from_trend": -0.026085, "trend_direction": "Weakening", "fair_value": 1.422353, "distance_from_fair_value": 0.110836, "fair_value_direction": "Weakening", "relative_strength": -8.809061, "relative_strength_direction": "Weakening", "price_momentum": -0.073081, "excess_performance": -0.136786, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.026085, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.031132, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.110836, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.089369, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.088091, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.114283, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.073081, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.5135, "read": "Supply-led" } ], "volume": { "latest": 4872871, "relative_activity": 1.121902, "balance": 0.5135, "dry_up": 0.979776, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.026446, "annualized_volatility": 0.138692, "from_high_reference": -0.122254, "from_low_reference": 0.063973 }, "levels": { "trend_reference": 1.622318, "fair_value_reference": 1.422353, "structural_low": 1.485, "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": 18, "median_return": -0.011679, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.006193, "regime_survival": 0.833333, "best_return": 0.057508, "worst_return": -0.064475, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.030087, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.056462, "regime_survival": 0.666667, "best_return": 0.137125, "worst_return": -0.0724, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.049759, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.07832, "regime_survival": 0.333333, "best_return": 0.051419, "worst_return": -0.119421, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.05518, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.116435, "regime_survival": 0.0, "best_return": 0.052878, "worst_return": -0.163237, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-29", "end": "2024-04-19", "tenure": "New", "return": -0.036858, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": -0.020134, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-24", "end": "2024-07-26", "tenure": "Developing", "return": 0.027211, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-08-02", "end": "2024-09-20", "tenure": "Developing", "return": 0.055921, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2024-11-01", "tenure": "Developing", "return": -0.034035, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-12-13", "tenure": "Developing", "return": 0.013245, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-20", "end": "2025-03-28", "tenure": "Established", "return": 0.068404, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-04", "end": "2025-07-11", "tenure": "Established", "return": 0.07365, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-11-07", "tenure": "Established", "return": 0.099389, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-12-19", "tenure": "Developing", "return": 0.00565, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-26", "end": "2026-02-20", "tenure": "Developing", "return": 0.00565, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.045326, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.0, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-03", "end": "2026-08-07", "tenure": "Established", "return": -0.020976, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1.232941, "volume": 6103834, "typical_volume": 4654757.9, "trend": 1.181134, "fair_value": 1.334999, "relative_strength": 2.840901, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.677231, "energy": 33.872565, "activity_lines": [ 1.198504, 1.172545, 1.166516, 1.173191 ] }, { "date": "2023-08-25", "close": 1.248022, "volume": 3490914, "typical_volume": 4677382.3, "trend": 1.184794, "fair_value": 1.334789, "relative_strength": 4.620344, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 37.345943, "energy": 50.274222, "activity_lines": [ 1.218613, 1.190574, 1.173228, 1.177507 ] }, { "date": "2023-09-01", "close": 1.255563, "volume": 3385793, "typical_volume": 4662256.05, "trend": 1.185703, "fair_value": 1.334782, "relative_strength": 3.017032, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 38.452665, "energy": 62.777214, "activity_lines": [ 1.235454, 1.207164, 1.180479, 1.182072 ] }, { "date": "2023-09-08", "close": 1.259334, "volume": 4149744, "typical_volume": 4650587.25, "trend": 1.187338, "fair_value": 1.334684, "relative_strength": 5.127012, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 44.100356, "energy": 68.163791, "activity_lines": [ 1.248525, 1.220944, 1.187856, 1.186823 ] }, { "date": "2023-09-15", "close": 1.270645, "volume": 3081453, "typical_volume": 4661750.35, "trend": 1.18947, "fair_value": 1.33458, "relative_strength": 4.4432, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 73.569659, "energy": 79.938196, "activity_lines": [ 1.259082, 1.23438, 1.196214, 1.192197 ] }, { "date": "2023-09-22", "close": 1.289497, "volume": 3627792, "typical_volume": 4622792.5, "trend": 1.19223, "fair_value": 1.334212, "relative_strength": 9.200222, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.58908, "energy": 82.149812, "activity_lines": [ 1.271148, 1.248365, 1.206251, 1.198651 ] }, { "date": "2023-09-29", "close": 1.281957, "volume": 3331538, "typical_volume": 4470480.35, "trend": 1.194619, "fair_value": 1.333796, "relative_strength": 8.984969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.873669, "energy": 81.352654, "activity_lines": [ 1.276929, 1.258511, 1.215399, 1.20444 ] }, { "date": "2023-10-06", "close": 1.270645, "volume": 3855239, "typical_volume": 4378584.65, "trend": 1.196391, "fair_value": 1.333115, "relative_strength": 9.579275, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.835531, "energy": 76.076926, "activity_lines": [ 1.276678, 1.264407, 1.223317, 1.209344 ] }, { "date": "2023-10-13", "close": 1.278186, "volume": 6312482, "typical_volume": 4520657.0, "trend": 1.199975, "fair_value": 1.332327, "relative_strength": 8.805627, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.592599, "energy": 71.092183, "activity_lines": [ 1.277935, 1.270028, 1.231558, 1.214622 ] }, { "date": "2023-10-20", "close": 1.193237, "volume": 6453514, "typical_volume": 4629015.5, "trend": 1.202288, "fair_value": 1.330957, "relative_strength": 3.873868, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 32.190944, "energy": 26.931613, "activity_lines": [ 1.249618, 1.258148, 1.231188, 1.214187 ] }, { "date": "2023-10-27", "close": 1.181384, "volume": 3178827, "typical_volume": 4517782.35, "trend": 1.202646, "fair_value": 1.329819, "relative_strength": 4.017589, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.504484, "energy": 19.91585, "activity_lines": [ 1.222512, 1.244217, 1.229555, 1.212838 ] }, { "date": "2023-11-03", "close": 1.216944, "volume": 4064816, "typical_volume": 4474368.85, "trend": 1.202868, "fair_value": 1.328832, "relative_strength": 4.858945, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.566449, "energy": 25.331634, "activity_lines": [ 1.214466, 1.237689, 1.231088, 1.213761 ] }, { "date": "2023-11-10", "close": 1.189286, "volume": 2562213, "typical_volume": 4263718.55, "trend": 1.202288, "fair_value": 1.327552, "relative_strength": 2.537976, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.814992, "energy": 30.575237, "activity_lines": [ 1.201535, 1.226698, 1.229398, 1.212884 ] }, { "date": "2023-11-17", "close": 1.16953, "volume": 3539682, "typical_volume": 3952284.6, "trend": 1.199969, "fair_value": 1.326082, "relative_strength": -0.099866, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.886516, "energy": 37.55044, "activity_lines": [ 1.187442, 1.213319, 1.225227, 1.210771 ] }, { "date": "2023-11-24", "close": 1.145824, "volume": 5381623, "typical_volume": 4035966.55, "trend": 1.196619, "fair_value": 1.32454, "relative_strength": -1.926285, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.069644, "energy": 57.036705, "activity_lines": [ 1.172691, 1.197263, 1.218597, 1.207278 ] }, { "date": "2023-12-01", "close": 1.137922, "volume": 3423012, "typical_volume": 4012636.15, "trend": 1.192767, "fair_value": 1.322827, "relative_strength": -2.977268, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.083156, "energy": 64.586252, "activity_lines": [ 1.158467, 1.18204, 1.211054, 1.203491 ] }, { "date": "2023-12-08", "close": 1.114215, "volume": 4317495, "typical_volume": 4018810.35, "trend": 1.188243, "fair_value": 1.320963, "relative_strength": -6.562856, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.614064, "energy": 69.386784, "activity_lines": [ 1.139239, 1.165263, 1.20133, 1.198423 ] }, { "date": "2023-12-15", "close": 1.145824, "volume": 8024115, "typical_volume": 4251292.55, "trend": 1.186848, "fair_value": 1.319381, "relative_strength": -7.027298, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.92802, "energy": 60.016913, "activity_lines": [ 1.137395, 1.157282, 1.19484, 1.195686 ] }, { "date": "2023-12-22", "close": 1.177433, "volume": 5053990, "typical_volume": 4319428.6, "trend": 1.187134, "fair_value": 1.318002, "relative_strength": -5.12731, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.357202, "energy": 36.393585, "activity_lines": [ 1.148985, 1.157318, 1.191524, 1.195079 ] }, { "date": "2023-12-29", "close": 1.185335, "volume": 1246030, "typical_volume": 4229205.3, "trend": 1.18781, "fair_value": 1.316713, "relative_strength": -5.506915, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.067875, "energy": 21.593778, "activity_lines": [ 1.162682, 1.160623, 1.188902, 1.194963 ] }, { "date": "2024-01-05", "close": 1.193237, "volume": 2491648, "typical_volume": 4048596.0, "trend": 1.189754, "fair_value": 1.315435, "relative_strength": -3.542475, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -8.49523, "energy": 12.378074, "activity_lines": [ 1.176379, 1.165508, 1.187097, 1.195313 ] }, { "date": "2024-01-12", "close": 1.224846, "volume": 3507061, "typical_volume": 4049403.35, "trend": 1.194134, "fair_value": 1.314359, "relative_strength": -1.161519, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.523841, "energy": 21.528248, "activity_lines": [ 1.196925, 1.175924, 1.188492, 1.197577 ] }, { "date": "2024-01-19", "close": 1.224846, "volume": 2521692, "typical_volume": 4006198.3, "trend": 1.19952, "fair_value": 1.313204, "relative_strength": -0.249478, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.012252, "energy": 27.291786, "activity_lines": [ 1.210095, 1.186197, 1.189997, 1.199558 ] }, { "date": "2024-01-26", "close": 1.228797, "volume": 1800116, "typical_volume": 3888716.9, "trend": 1.202901, "fair_value": 1.312154, "relative_strength": -1.827828, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.87239, "energy": 30.862646, "activity_lines": [ 1.219314, 1.196542, 1.192024, 1.201447 ] }, { "date": "2024-02-02", "close": 1.216944, "volume": 5625409, "typical_volume": 4015914.7, "trend": 1.20639, "fair_value": 1.311068, "relative_strength": -4.543793, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.078907, "energy": 35.924151, "activity_lines": [ 1.221158, 1.203654, 1.193069, 1.202353 ] }, { "date": "2024-02-09", "close": 1.201139, "volume": 4420358, "typical_volume": 4055543.0, "trend": 1.207969, "fair_value": 1.310438, "relative_strength": -5.047848, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.531174, "energy": 31.75696, "activity_lines": [ 1.215627, 1.206599, 1.192863, 1.202014 ] }, { "date": "2024-02-16", "close": 1.220895, "volume": 4550278, "typical_volume": 4116480.0, "trend": 1.209955, "fair_value": 1.309935, "relative_strength": -3.602181, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.916286, "energy": 21.830155, "activity_lines": [ 1.216154, 1.211987, 1.19496, 1.202848 ] }, { "date": "2024-02-23", "close": 1.280162, "volume": 6914016, "typical_volume": 4269418.85, "trend": 1.213289, "fair_value": 1.309692, "relative_strength": 1.244172, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.726851, "energy": 44.247489, "activity_lines": [ 1.236699, 1.226211, 1.202993, 1.207378 ] }, { "date": "2024-03-01", "close": 1.272259, "volume": 4269837, "typical_volume": 4167286.6, "trend": 1.216862, "fair_value": 1.309479, "relative_strength": -0.68383, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.393272, "energy": 49.885066, "activity_lines": [ 1.250923, 1.236556, 1.210227, 1.211182 ] }, { "date": "2024-03-08", "close": 1.323624, "volume": 6860883, "typical_volume": 4187655.05, "trend": 1.221016, "fair_value": 1.309435, "relative_strength": 2.011146, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.831925, "energy": 74.477429, "activity_lines": [ 1.279371, 1.254515, 1.222381, 1.21807 ] }, { "date": "2024-03-15", "close": 1.295966, "volume": 4669788, "typical_volume": 4262203.1, "trend": 1.223117, "fair_value": 1.309174, "relative_strength": 2.161499, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.123173, "energy": 71.960141, "activity_lines": [ 1.291488, 1.264932, 1.231281, 1.222906 ] }, { "date": "2024-03-22", "close": 1.292015, "volume": 3959080, "typical_volume": 4256916.3, "trend": 1.224583, "fair_value": 1.308728, "relative_strength": 0.480626, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 66.111952, "energy": 79.544989, "activity_lines": [ 1.295966, 1.272762, 1.239258, 1.227351 ] }, { "date": "2024-03-29", "close": 1.284113, "volume": 3525838, "typical_volume": 4305097.55, "trend": 1.225535, "fair_value": 1.308073, "relative_strength": -1.725593, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.592386, "energy": 71.196593, "activity_lines": [ 1.293069, 1.277935, 1.246126, 1.231191 ] }, { "date": "2024-04-05", "close": 1.299917, "volume": 3302543, "typical_volume": 4293240.6, "trend": 1.226887, "fair_value": 1.307478, "relative_strength": 1.07074, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.85819, "energy": 52.597169, "activity_lines": [ 1.295176, 1.284903, 1.254047, 1.23599 ] }, { "date": "2024-04-12", "close": 1.311771, "volume": 7017818, "typical_volume": 4375050.35, "trend": 1.228258, "fair_value": 1.306841, "relative_strength": 1.745169, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.150647, "energy": 52.922272, "activity_lines": [ 1.299391, 1.292733, 1.262476, 1.241467 ] }, { "date": "2024-04-19", "close": 1.236783, "volume": 12291226, "typical_volume": 4818461.05, "trend": 1.226501, "fair_value": 1.305642, "relative_strength": -1.207861, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.702485, "energy": 28.999048, "activity_lines": [ 1.279399, 1.285206, 1.262973, 1.242017 ] }, { "date": "2024-04-26", "close": 1.236783, "volume": 4046224, "typical_volume": 4804897.5, "trend": 1.224995, "fair_value": 1.304285, "relative_strength": -1.236665, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.232383, "energy": 18.117506, "activity_lines": [ 1.263354, 1.27703, 1.262999, 1.24268 ] }, { "date": "2024-05-03", "close": 1.232633, "volume": 3696886, "typical_volume": 4588536.05, "trend": 1.223728, "fair_value": 1.302861, "relative_strength": -2.116019, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.346391, "energy": 19.762425, "activity_lines": [ 1.249607, 1.26781, 1.262047, 1.243173 ] }, { "date": "2024-05-10", "close": 1.216032, "volume": 4395045, "typical_volume": 4555588.8, "trend": 1.221657, "fair_value": 1.30141, "relative_strength": -4.759791, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.47272, "energy": 22.636791, "activity_lines": [ 1.233759, 1.256437, 1.2591, 1.242676 ] }, { "date": "2024-05-17", "close": 1.211881, "volume": 3227264, "typical_volume": 4654650.5, "trend": 1.222278, "fair_value": 1.299932, "relative_strength": -5.790491, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.426198, "energy": 32.458515, "activity_lines": [ 1.222119, 1.245331, 1.255574, 1.242045 ] }, { "date": "2024-05-24", "close": 1.220182, "volume": 3461879, "typical_volume": 4703162.05, "trend": 1.223571, "fair_value": 1.298468, "relative_strength": -4.01845, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.506402, "energy": 35.776818, "activity_lines": [ 1.219905, 1.237766, 1.252712, 1.24191 ] }, { "date": "2024-05-31", "close": 1.207731, "volume": 4046595, "typical_volume": 4730138.75, "trend": 1.223264, "fair_value": 1.297182, "relative_strength": -4.608744, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.711375, "energy": 48.176054, "activity_lines": [ 1.214648, 1.229315, 1.248536, 1.240888 ] }, { "date": "2024-06-07", "close": 1.19943, "volume": 3810925, "typical_volume": 4794600.4, "trend": 1.223602, "fair_value": 1.295719, "relative_strength": -7.099084, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.536929, "energy": 53.482567, "activity_lines": [ 1.208561, 1.220887, 1.243651, 1.239351 ] }, { "date": "2024-06-14", "close": 1.19943, "volume": 3471522, "typical_volume": 4878170.7, "trend": 1.224599, "fair_value": 1.294256, "relative_strength": -5.516634, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.760889, "energy": 50.433996, "activity_lines": [ 1.204687, 1.213999, 1.238887, 1.237791 ] }, { "date": "2024-06-21", "close": 1.19113, "volume": 4354698, "typical_volume": 4814635.15, "trend": 1.226109, "fair_value": 1.292987, "relative_strength": -7.066186, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.591185, "energy": 59.129407, "activity_lines": [ 1.199154, 1.207429, 1.233472, 1.235632 ] }, { "date": "2024-06-28", "close": 1.18698, "volume": 8560210, "typical_volume": 5021627.75, "trend": 1.227744, "fair_value": 1.291444, "relative_strength": -7.010003, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.000038, "energy": 62.109082, "activity_lines": [ 1.19362, 1.202298, 1.227785, 1.233107 ] }, { "date": "2024-07-05", "close": 1.261684, "volume": 5242072, "typical_volume": 5056217.45, "trend": 1.23266, "fair_value": 1.290339, "relative_strength": -1.888475, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 1.053337, "energy": 12.437241, "activity_lines": [ 1.215201, 1.211655, 1.22928, 1.235297 ] }, { "date": "2024-07-12", "close": 1.240933, "volume": 4065810, "typical_volume": 4913807.15, "trend": 1.23583, "fair_value": 1.289183, "relative_strength": -5.1401, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -3.143008, "energy": 9.470964, "activity_lines": [ 1.226269, 1.216786, 1.228604, 1.235831 ] }, { "date": "2024-07-19", "close": 1.245083, "volume": 5263298, "typical_volume": 4963480.2, "trend": 1.238085, "fair_value": 1.288013, "relative_strength": -4.940914, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -15.646974, "energy": 22.295482, "activity_lines": [ 1.235953, 1.222521, 1.228511, 1.236428 ] }, { "date": "2024-07-26", "close": 1.253384, "volume": 3280905, "typical_volume": 4784481.3, "trend": 1.240354, "fair_value": 1.286937, "relative_strength": -3.686278, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 12.755096, "energy": 28.811876, "activity_lines": [ 1.24536, 1.229237, 1.229338, 1.237415 ] }, { "date": "2024-08-02", "close": 1.261684, "volume": 3642207, "typical_volume": 4733102.25, "trend": 1.242635, "fair_value": 1.285914, "relative_strength": -3.313418, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.320878, "energy": 36.602808, "activity_lines": [ 1.253384, 1.236707, 1.231289, 1.238791 ] }, { "date": "2024-08-09", "close": 1.249234, "volume": 5345705, "typical_volume": 4802433.5, "trend": 1.243448, "fair_value": 1.284853, "relative_strength": -2.199141, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.783668, "energy": 35.750395, "activity_lines": [ 1.252277, 1.241159, 1.232218, 1.239217 ] }, { "date": "2024-08-16", "close": 1.265835, "volume": 3388049, "typical_volume": 4795544.05, "trend": 1.244814, "fair_value": 1.28365, "relative_strength": -3.148742, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.64452, "energy": 44.540911, "activity_lines": [ 1.257534, 1.247875, 1.234932, 1.240661 ] }, { "date": "2024-08-23", "close": 1.261684, "volume": 3527675, "typical_volume": 4806800.65, "trend": 1.245911, "fair_value": 1.282298, "relative_strength": -3.896858, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 23.977019, "energy": 37.592726, "activity_lines": [ 1.259748, 1.252629, 1.237337, 1.241749 ] }, { "date": "2024-08-30", "close": 1.319788, "volume": 4627281, "typical_volume": 4687273.8, "trend": 1.249339, "fair_value": 1.281276, "relative_strength": -0.205488, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.140125, "energy": 53.878324, "activity_lines": [ 1.280222, 1.266816, 1.245459, 1.246516 ] }, { "date": "2024-09-06", "close": 1.323939, "volume": 4474962, "typical_volume": 4296460.6, "trend": 1.253432, "fair_value": 1.280158, "relative_strength": 1.217088, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 55.583664, "energy": 70.664811, "activity_lines": [ 1.297654, 1.279417, 1.253937, 1.251328 ] }, { "date": "2024-09-13", "close": 1.323939, "volume": 2939731, "typical_volume": 4241135.95, "trend": 1.256867, "fair_value": 1.278916, "relative_strength": 0.26744, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.462398, "energy": 72.577315, "activity_lines": [ 1.310935, 1.289529, 1.262001, 1.255877 ] }, { "date": "2024-09-20", "close": 1.332239, "volume": 4009294, "typical_volume": 4256756.35, "trend": 1.258603, "fair_value": 1.277727, "relative_strength": -0.213878, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.617309, "energy": 85.301656, "activity_lines": [ 1.322002, 1.300018, 1.27044, 1.26074 ] }, { "date": "2024-09-27", "close": 1.34469, "volume": 4357388, "typical_volume": 4254873.5, "trend": 1.261017, "fair_value": 1.276618, "relative_strength": 0.901932, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.442698, "energy": 85.607015, "activity_lines": [ 1.332793, 1.311111, 1.27959, 1.266294 ] }, { "date": "2024-10-04", "close": 1.34469, "volume": 4153978, "typical_volume": 4301209.2, "trend": 1.261719, "fair_value": 1.275509, "relative_strength": 1.886, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.898967, "energy": 87.106506, "activity_lines": [ 1.33805, 1.320392, 1.288128, 1.271692 ] }, { "date": "2024-10-11", "close": 1.34054, "volume": 4600084, "typical_volume": 4358119.45, "trend": 1.263205, "fair_value": 1.274208, "relative_strength": 0.99092, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.43867, "energy": 83.237183, "activity_lines": [ 1.340263, 1.327259, 1.295638, 1.276777 ] }, { "date": "2024-10-18", "close": 1.34469, "volume": 9788508, "typical_volume": 4645215.1, "trend": 1.264961, "fair_value": 1.27303, "relative_strength": 0.589966, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.800901, "energy": 81.285957, "activity_lines": [ 1.342753, 1.333447, 1.30297, 1.282035 ] }, { "date": "2024-10-25", "close": 1.30764, "volume": 7082941, "typical_volume": 4808815.9, "trend": 1.265745, "fair_value": 1.271657, "relative_strength": -1.162523, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.049947, "energy": 52.312395, "activity_lines": [ 1.33151, 1.331162, 1.306121, 1.284788 ] }, { "date": "2024-11-01", "close": 1.298923, "volume": 2924157, "typical_volume": 4781447.65, "trend": 1.265712, "fair_value": 1.270271, "relative_strength": -0.531825, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.032346, "energy": 35.598093, "activity_lines": [ 1.319001, 1.326533, 1.307927, 1.286929 ] }, { "date": "2024-11-08", "close": 1.316358, "volume": 4013530, "typical_volume": 4764389.25, "trend": 1.265865, "fair_value": 1.269039, "relative_strength": -1.199976, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.487154, "energy": 26.258958, "activity_lines": [ 1.315355, 1.324397, 1.31092, 1.290196 ] }, { "date": "2024-11-15", "close": 1.325076, "volume": 3907117, "typical_volume": 4531734.6, "trend": 1.268808, "fair_value": 1.267863, "relative_strength": -0.355562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.701421, "energy": 27.821353, "activity_lines": [ 1.316503, 1.323908, 1.314146, 1.294016 ] }, { "date": "2024-11-22", "close": 1.303281, "volume": 3730059, "typical_volume": 4456133.95, "trend": 1.271025, "fair_value": 1.266717, "relative_strength": -3.175827, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.385652, "energy": 23.136245, "activity_lines": [ 1.311418, 1.319436, 1.31464, 1.29624 ] }, { "date": "2024-11-29", "close": 1.30764, "volume": 4062058, "typical_volume": 4455946.35, "trend": 1.273525, "fair_value": 1.265685, "relative_strength": -3.272108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.40341, "energy": 18.838718, "activity_lines": [ 1.310546, 1.316131, 1.31535, 1.298602 ] }, { "date": "2024-12-06", "close": 1.342511, "volume": 5530993, "typical_volume": 4469331.1, "trend": 1.277741, "fair_value": 1.264834, "relative_strength": -0.566688, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.861879, "energy": 37.868502, "activity_lines": [ 1.321298, 1.319615, 1.319064, 1.303053 ] }, { "date": "2024-12-13", "close": 1.333793, "volume": 3925676, "typical_volume": 4501569.65, "trend": 1.281805, "fair_value": 1.263927, "relative_strength": 0.192918, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.665668, "energy": 37.670857, "activity_lines": [ 1.326238, 1.321553, 1.321483, 1.306669 ] }, { "date": "2024-12-20", "close": 1.338152, "volume": 5753246, "typical_volume": 4607121.6, "trend": 1.285737, "fair_value": 1.263047, "relative_strength": 3.263443, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.536575, "energy": 45.633029, "activity_lines": [ 1.331468, 1.324481, 1.323935, 1.310305 ] }, { "date": "2024-12-27", "close": 1.364305, "volume": 1385993, "typical_volume": 4409136.0, "trend": 1.290956, "fair_value": 1.262293, "relative_strength": 2.688871, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.692464, "energy": 73.134358, "activity_lines": [ 1.344545, 1.332208, 1.328513, 1.315374 ] }, { "date": "2025-01-03", "close": 1.386099, "volume": 2795534, "typical_volume": 4379510.25, "trend": 1.297178, "fair_value": 1.261679, "relative_strength": 4.363925, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.443104, "energy": 82.435077, "activity_lines": [ 1.360818, 1.343541, 1.334619, 1.321512 ] }, { "date": "2025-01-10", "close": 1.386099, "volume": 3486404, "typical_volume": 4377446.7, "trend": 1.303401, "fair_value": 1.261107, "relative_strength": 3.768594, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.305684, "energy": 83.382227, "activity_lines": [ 1.37186, 1.353447, 1.340153, 1.327249 ] }, { "date": "2025-01-17", "close": 1.386099, "volume": 2691314, "typical_volume": 4280648.35, "trend": 1.3099, "fair_value": 1.260578, "relative_strength": 3.54349, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.931913, "energy": 82.378941, "activity_lines": [ 1.379997, 1.361769, 1.345094, 1.332584 ] }, { "date": "2025-01-24", "close": 1.386099, "volume": 2484932, "typical_volume": 4181146.85, "trend": 1.316537, "fair_value": 1.260261, "relative_strength": 2.303749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.275784, "energy": 80.750433, "activity_lines": [ 1.384646, 1.368822, 1.349719, 1.3375 ] }, { "date": "2025-01-31", "close": 1.394816, "volume": 2732950, "typical_volume": 4170807.8, "trend": 1.320975, "fair_value": 1.259745, "relative_strength": 1.392675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.887168, "energy": 74.3474, "activity_lines": [ 1.389005, 1.376351, 1.354878, 1.34255 ] }, { "date": "2025-02-07", "close": 1.386099, "volume": 2937542, "typical_volume": 4117220.2, "trend": 1.325814, "fair_value": 1.259259, "relative_strength": 0.937395, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.854035, "energy": 56.659727, "activity_lines": [ 1.388424, 1.380631, 1.35887, 1.346752 ] }, { "date": "2025-02-14", "close": 1.45584, "volume": 6529157, "typical_volume": 4225808.65, "trend": 1.332839, "fair_value": 1.259219, "relative_strength": 5.331057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.348972, "energy": 76.924579, "activity_lines": [ 1.411089, 1.396164, 1.369247, 1.355141 ] }, { "date": "2025-02-21", "close": 1.460198, "volume": 4788726, "typical_volume": 4257546.05, "trend": 1.339733, "fair_value": 1.259335, "relative_strength": 8.841707, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.763193, "energy": 88.677067, "activity_lines": [ 1.430559, 1.410429, 1.37951, 1.363357 ] }, { "date": "2025-02-28", "close": 1.438404, "volume": 3869281, "typical_volume": 4221005.9, "trend": 1.345623, "fair_value": 1.259269, "relative_strength": 8.689495, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.728447, "energy": 81.404401, "activity_lines": [ 1.437823, 1.418433, 1.387147, 1.369723 ] }, { "date": "2025-03-07", "close": 1.412251, "volume": 5014498, "typical_volume": 3982305.4, "trend": 1.351057, "fair_value": 1.25895, "relative_strength": 9.60625, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.334233, "energy": 71.614525, "activity_lines": [ 1.432883, 1.41986, 1.391827, 1.374022 ] }, { "date": "2025-03-14", "close": 1.41661, "volume": 3719245, "typical_volume": 3814120.6, "trend": 1.356083, "fair_value": 1.258531, "relative_strength": 12.010259, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.005388, "energy": 52.355636, "activity_lines": [ 1.428233, 1.421207, 1.396601, 1.378251 ] }, { "date": "2025-03-21", "close": 1.420969, "volume": 3065763, "typical_volume": 3821200.9, "trend": 1.361393, "fair_value": 1.258055, "relative_strength": 10.182151, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.913126, "energy": 41.570889, "activity_lines": [ 1.423003, 1.422792, 1.401271, 1.382437 ] }, { "date": "2025-03-28", "close": 1.429687, "volume": 3535727, "typical_volume": 3797310.75, "trend": 1.365056, "fair_value": 1.257507, "relative_strength": 9.938025, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.007878, "energy": 34.709153, "activity_lines": [ 1.423003, 1.425328, 1.406191, 1.386843 ] }, { "date": "2025-04-04", "close": 1.399175, "volume": 4204638, "typical_volume": 3812186.8, "trend": 1.367564, "fair_value": 1.25672, "relative_strength": 11.799312, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.893779, "energy": 27.116973, "activity_lines": [ 1.414867, 1.421524, 1.407664, 1.389045 ] }, { "date": "2025-04-11", "close": 1.394816, "volume": 9869761, "typical_volume": 4119171.9, "trend": 1.369926, "fair_value": 1.255906, "relative_strength": 11.577682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.893392, "energy": 17.866081, "activity_lines": [ 1.407893, 1.416689, 1.40837, 1.390803 ] }, { "date": "2025-04-18", "close": 1.415205, "volume": 4949998, "typical_volume": 4163568.9, "trend": 1.372692, "fair_value": 1.255862, "relative_strength": 10.481552, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.75502, "energy": 16.530738, "activity_lines": [ 1.408877, 1.415562, 1.410582, 1.393724 ] }, { "date": "2025-04-25", "close": 1.410625, "volume": 2972341, "typical_volume": 4035636.3, "trend": 1.37489, "fair_value": 1.255916, "relative_strength": 7.888859, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.238154, "energy": 16.465681, "activity_lines": [ 1.408429, 1.413073, 1.411845, 1.396171 ] }, { "date": "2025-05-02", "close": 1.410625, "volume": 3833150, "typical_volume": 4031010.0, "trend": 1.377087, "fair_value": 1.256183, "relative_strength": 4.237395, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.055662, "energy": 10.665172, "activity_lines": [ 1.40867, 1.411406, 1.412784, 1.398477 ] }, { "date": "2025-05-09", "close": 1.433525, "volume": 4084951, "typical_volume": 3947595.25, "trend": 1.380187, "fair_value": 1.256767, "relative_strength": 5.803678, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.129485, "energy": 22.508497, "activity_lines": [ 1.417815, 1.414804, 1.415538, 1.402118 ] }, { "date": "2025-05-16", "close": 1.428945, "volume": 4700204, "typical_volume": 4113305.8, "trend": 1.382996, "fair_value": 1.257236, "relative_strength": 3.847355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.025161, "energy": 27.335238, "activity_lines": [ 1.423144, 1.417458, 1.417401, 1.405264 ] }, { "date": "2025-05-23", "close": 1.438105, "volume": 3649961, "typical_volume": 4156027.15, "trend": 1.387344, "fair_value": 1.257679, "relative_strength": 4.126786, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.08118, "energy": 35.566243, "activity_lines": [ 1.42925, 1.421473, 1.419829, 1.408819 ] }, { "date": "2025-05-30", "close": 1.424365, "volume": 3330119, "typical_volume": 4148212.9, "trend": 1.391526, "fair_value": 1.257907, "relative_strength": 2.086292, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 48.79299, "energy": 34.893712, "activity_lines": [ 1.42925, 1.4226, 1.420701, 1.411207 ] }, { "date": "2025-06-06", "close": 1.424365, "volume": 5501760, "typical_volume": 4288735.2, "trend": 1.395126, "fair_value": 1.258985, "relative_strength": 0.943177, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 47.305699, "energy": 28.200059, "activity_lines": [ 1.428334, 1.423665, 1.421391, 1.413326 ] }, { "date": "2025-06-13", "close": 1.419785, "volume": 4147453, "typical_volume": 4371861.25, "trend": 1.398283, "fair_value": 1.260544, "relative_strength": 0.119621, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.188192, "energy": 22.698983, "activity_lines": [ 1.424976, 1.423994, 1.421462, 1.414917 ] }, { "date": "2025-06-20", "close": 1.410625, "volume": 5111421, "typical_volume": 4490784.8, "trend": 1.401861, "fair_value": 1.261955, "relative_strength": -0.187396, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.229462, "energy": 11.030868, "activity_lines": [ 1.41948, 1.422283, 1.420501, 1.415713 ] }, { "date": "2025-06-27", "close": 1.415205, "volume": 5504381, "typical_volume": 4619126.75, "trend": 1.405447, "fair_value": 1.26324, "relative_strength": -0.120589, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.18473, "energy": 11.466585, "activity_lines": [ 1.416732, 1.421117, 1.4199, 1.416574 ] }, { "date": "2025-07-04", "close": 1.474744, "volume": 5271247, "typical_volume": 4556231.25, "trend": 1.409854, "fair_value": 1.264332, "relative_strength": 2.886682, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.885162, "energy": 29.068133, "activity_lines": [ 1.435357, 1.430777, 1.424832, 1.421045 ] }, { "date": "2025-07-11", "close": 1.502224, "volume": 4469253, "typical_volume": 4540257.6, "trend": 1.415469, "fair_value": 1.265822, "relative_strength": 4.851539, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 76.102424, "energy": 68.515495, "activity_lines": [ 1.459783, 1.444267, 1.43229, 1.427004 ] }, { "date": "2025-07-18", "close": 1.511384, "volume": 4081312, "typical_volume": 4550859.15, "trend": 1.421243, "fair_value": 1.267304, "relative_strength": 3.162677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.803637, "energy": 81.09602, "activity_lines": [ 1.482072, 1.457757, 1.440421, 1.433192 ] }, { "date": "2025-07-25", "close": 1.515964, "volume": 3667695, "typical_volume": 4483519.0, "trend": 1.426298, "fair_value": 1.268859, "relative_strength": 4.353257, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.132257, "energy": 85.45278, "activity_lines": [ 1.499781, 1.470664, 1.44864, 1.439303 ] }, { "date": "2025-08-01", "close": 1.534284, "volume": 4436354, "typical_volume": 4519374.45, "trend": 1.431238, "fair_value": 1.270554, "relative_strength": 5.452804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.661411, "energy": 90.442913, "activity_lines": [ 1.516575, 1.48532, 1.45811, 1.44627 ] }, { "date": "2025-08-08", "close": 1.557184, "volume": 4811426, "typical_volume": 4606657.6, "trend": 1.436941, "fair_value": 1.272352, "relative_strength": 5.068658, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.770067, "energy": 93.187257, "activity_lines": [ 1.533063, 1.502391, 1.469201, 1.454396 ] }, { "date": "2025-08-15", "close": 1.580083, "volume": 5141521, "typical_volume": 4686947.3, "trend": 1.443407, "fair_value": 1.274429, "relative_strength": 4.83004, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.493752, "energy": 94.338477, "activity_lines": [ 1.551688, 1.52121, 1.481824, 1.463631 ] }, { "date": "2025-08-22", "close": 1.580083, "volume": 4621200, "typical_volume": 4707775.4, "trend": 1.449873, "fair_value": 1.276417, "relative_strength": 4.267872, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.033122, "energy": 91.505641, "activity_lines": [ 1.565122, 1.537198, 1.49373, 1.472449 ] }, { "date": "2025-08-29", "close": 1.575503, "volume": 4089232, "typical_volume": 4418748.95, "trend": 1.455896, "fair_value": 1.278509, "relative_strength": 3.752252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.576738, "energy": 86.479671, "activity_lines": [ 1.57245, 1.549439, 1.50434, 1.480554 ] }, { "date": "2025-09-05", "close": 1.621303, "volume": 4254778, "typical_volume": 4383987.95, "trend": 1.463736, "fair_value": 1.280961, "relative_strength": 7.779856, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.258752, "energy": 89.645634, "activity_lines": [ 1.591075, 1.56701, 1.51845, 1.491225 ] }, { "date": "2025-09-12", "close": 1.635043, "volume": 3781181, "typical_volume": 4424429.95, "trend": 1.469709, "fair_value": 1.283346, "relative_strength": 8.5122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.143371, "energy": 82.621516, "activity_lines": [ 1.608479, 1.583331, 1.532888, 1.502277 ] }, { "date": "2025-09-19", "close": 1.690002, "volume": 4670857, "typical_volume": 4466315.3, "trend": 1.47737, "fair_value": 1.286305, "relative_strength": 12.940333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.953422, "energy": 88.000522, "activity_lines": [ 1.639012, 1.60673, 1.551491, 1.51649 ] }, { "date": "2025-09-26", "close": 1.722062, "volume": 4580012, "typical_volume": 4491068.35, "trend": 1.486825, "fair_value": 1.289424, "relative_strength": 14.480993, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.009769, "energy": 93.647769, "activity_lines": [ 1.672904, 1.632545, 1.571818, 1.532276 ] }, { "date": "2025-10-03", "close": 1.740382, "volume": 5312232, "typical_volume": 4521669.75, "trend": 1.497763, "fair_value": 1.292352, "relative_strength": 12.765046, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.705084, "energy": 96.012476, "activity_lines": [ 1.703437, 1.657859, 1.592515, 1.548635 ] }, { "date": "2025-10-10", "close": 1.740382, "volume": 5599526, "typical_volume": 4619148.0, "trend": 1.508555, "fair_value": 1.295346, "relative_strength": 12.738919, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.924097, "energy": 93.083495, "activity_lines": [ 1.722978, 1.679094, 1.611729, 1.564288 ] }, { "date": "2025-10-17", "close": 1.740382, "volume": 6667837, "typical_volume": 4786033.9, "trend": 1.519202, "fair_value": 1.29879, "relative_strength": 11.886408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.585914, "energy": 89.937788, "activity_lines": [ 1.734581, 1.696581, 1.629503, 1.579244 ] }, { "date": "2025-10-24", "close": 1.6425, "volume": 11246605, "typical_volume": 5073276.15, "trend": 1.526296, "fair_value": 1.301561, "relative_strength": 5.049108, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.297631, "energy": 66.035858, "activity_lines": [ 1.706533, 1.69294, 1.636451, 1.587199 ] }, { "date": "2025-10-31", "close": 1.685472, "volume": 4184464, "typical_volume": 5075126.7, "trend": 1.535839, "fair_value": 1.304538, "relative_strength": 9.101054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.162328, "energy": 54.603642, "activity_lines": [ 1.695977, 1.695978, 1.646452, 1.597468 ] }, { "date": "2025-11-07", "close": 1.661599, "volume": 5486445, "typical_volume": 5093877.9, "trend": 1.544732, "fair_value": 1.307223, "relative_strength": 8.56238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.630848, "energy": 40.726217, "activity_lines": [ 1.679902, 1.692759, 1.652915, 1.605582 ] }, { "date": "2025-11-14", "close": 1.690247, "volume": 3292867, "typical_volume": 4983302.2, "trend": 1.5539, "fair_value": 1.310022, "relative_strength": 11.722334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.095623, "energy": 29.771501, "activity_lines": [ 1.678629, 1.693184, 1.660911, 1.61497 ] }, { "date": "2025-11-21", "close": 1.680698, "volume": 4606013, "typical_volume": 4950040.5, "trend": 1.562902, "fair_value": 1.312899, "relative_strength": 13.415607, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.298014, "energy": 31.015139, "activity_lines": [ 1.677515, 1.690618, 1.666688, 1.623151 ] }, { "date": "2025-11-28", "close": 1.695022, "volume": 3170598, "typical_volume": 4885107.75, "trend": 1.572382, "fair_value": 1.315937, "relative_strength": 11.25084, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.200963, "energy": 30.658746, "activity_lines": [ 1.685154, 1.689827, 1.672848, 1.631674 ] }, { "date": "2025-12-05", "close": 1.699797, "volume": 2652552, "typical_volume": 4813669.75, "trend": 1.581258, "fair_value": 1.319491, "relative_strength": 10.848225, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.730782, "energy": 38.305314, "activity_lines": [ 1.690884, 1.689813, 1.678545, 1.639895 ] }, { "date": "2025-12-12", "close": 1.690247, "volume": 4148772, "typical_volume": 4837723.6, "trend": 1.589968, "fair_value": 1.322914, "relative_strength": 9.034501, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.986001, "energy": 34.629537, "activity_lines": [ 1.692475, 1.688468, 1.682435, 1.646926 ] }, { "date": "2025-12-19", "close": 1.699797, "volume": 1914158, "typical_volume": 4711613.8, "trend": 1.598691, "fair_value": 1.326306, "relative_strength": 10.243806, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.631666, "energy": 36.79542, "activity_lines": [ 1.69534, 1.68977, 1.686405, 1.654012 ] }, { "date": "2025-12-26", "close": 1.690247, "volume": 1231840, "typical_volume": 4532634.5, "trend": 1.607554, "fair_value": 1.32966, "relative_strength": 7.535747, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.729069, "energy": 33.063859, "activity_lines": [ 1.694385, 1.690074, 1.688677, 1.659919 ] }, { "date": "2026-01-02", "close": 1.72367, "volume": 1192662, "typical_volume": 4335191.55, "trend": 1.617531, "fair_value": 1.333274, "relative_strength": 9.753673, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.505987, "energy": 39.268659, "activity_lines": [ 1.703935, 1.697366, 1.693499, 1.66741 ] }, { "date": "2026-01-09", "close": 1.747544, "volume": 4776285, "typical_volume": 4342945.8, "trend": 1.628456, "fair_value": 1.337018, "relative_strength": 11.005966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.230845, "energy": 46.190567, "activity_lines": [ 1.719532, 1.707523, 1.699911, 1.675798 ] }, { "date": "2026-01-16", "close": 1.776192, "volume": 4396090, "typical_volume": 4358288.7, "trend": 1.640642, "fair_value": 1.340992, "relative_strength": 10.08427, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.149969, "energy": 64.320755, "activity_lines": [ 1.741496, 1.72176, 1.708253, 1.68533 ] }, { "date": "2026-01-23", "close": 1.752318, "volume": 3340187, "typical_volume": 4312559.15, "trend": 1.651879, "fair_value": 1.344928, "relative_strength": 8.761323, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.836611, "energy": 71.099708, "activity_lines": [ 1.749772, 1.729573, 1.713366, 1.692534 ] }, { "date": "2026-01-30", "close": 1.742769, "volume": 3254985, "typical_volume": 4286249.35, "trend": 1.660813, "fair_value": 1.348226, "relative_strength": 7.682804, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.205932, "energy": 69.466588, "activity_lines": [ 1.751363, 1.734522, 1.716946, 1.698398 ] }, { "date": "2026-02-06", "close": 1.704571, "volume": 5021662, "typical_volume": 4303789.6, "trend": 1.667558, "fair_value": 1.351395, "relative_strength": 6.890888, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.270063, "energy": 41.514535, "activity_lines": [ 1.736721, 1.731396, 1.716375, 1.701221 ] }, { "date": "2026-02-13", "close": 1.718895, "volume": 5276956, "typical_volume": 4338636.8, "trend": 1.674475, "fair_value": 1.354678, "relative_strength": 5.016112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.430681, "energy": 24.065498, "activity_lines": [ 1.728126, 1.730702, 1.717099, 1.704534 ] }, { "date": "2026-02-20", "close": 1.699797, "volume": 3542274, "typical_volume": 4250138.9, "trend": 1.680602, "fair_value": 1.357839, "relative_strength": 1.857036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.717725, "energy": 17.840198, "activity_lines": [ 1.715076, 1.726188, 1.716019, 1.706167 ] }, { "date": "2026-02-27", "close": 1.685472, "volume": 6622127, "typical_volume": 4301268.95, "trend": 1.685642, "fair_value": 1.360885, "relative_strength": -0.363507, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 10.918557, "energy": 18.10587, "activity_lines": [ 1.702343, 1.718895, 1.713768, 1.706481 ] }, { "date": "2026-03-06", "close": 1.647275, "volume": 6826082, "typical_volume": 4309181.2, "trend": 1.688645, "fair_value": 1.36364, "relative_strength": 1.113629, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.921827, "energy": 29.805604, "activity_lines": [ 1.681334, 1.704918, 1.708141, 1.704006 ] }, { "date": "2026-03-13", "close": 1.609077, "volume": 5960779, "typical_volume": 4044889.9, "trend": 1.689612, "fair_value": 1.366451, "relative_strength": 1.398271, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -42.564446, "energy": 53.115759, "activity_lines": [ 1.653959, 1.684778, 1.699319, 1.698873 ] }, { "date": "2026-03-20", "close": 1.609077, "volume": 5965033, "typical_volume": 4133918.35, "trend": 1.690578, "fair_value": 1.369561, "relative_strength": 3.541385, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.342709, "energy": 65.291509, "activity_lines": [ 1.632951, 1.666721, 1.690656, 1.693677 ] }, { "date": "2026-03-27", "close": 1.609077, "volume": 4621294, "typical_volume": 4090660.8, "trend": 1.691697, "fair_value": 1.372371, "relative_strength": 2.367781, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -70.503424, "energy": 76.310192, "activity_lines": [ 1.619263, 1.651181, 1.682357, 1.688419 ] }, { "date": "2026-04-03", "close": 1.613852, "volume": 3781787, "typical_volume": 4115106.8, "trend": 1.691449, "fair_value": 1.374958, "relative_strength": 1.855476, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.373553, "energy": 72.943766, "activity_lines": [ 1.613215, 1.639548, 1.674763, 1.683396 ] }, { "date": "2026-04-10", "close": 1.675923, "volume": 6278017, "typical_volume": 4198707.0, "trend": 1.692812, "fair_value": 1.377966, "relative_strength": 1.225693, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.220914, "energy": 41.800457, "activity_lines": [ 1.632632, 1.641719, 1.673445, 1.682395 ] }, { "date": "2026-04-17", "close": 1.656824, "volume": 7320465, "typical_volume": 4406200.35, "trend": 1.691706, "fair_value": 1.380644, "relative_strength": 0.181644, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.17718, "energy": 27.834875, "activity_lines": [ 1.643773, 1.641632, 1.67033, 1.680073 ] }, { "date": "2026-04-24", "close": 1.637725, "volume": 3843409, "typical_volume": 4465743.2, "trend": 1.688894, "fair_value": 1.383153, "relative_strength": 0.736482, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.615688, "energy": 22.094733, "activity_lines": [ 1.645365, 1.638941, 1.665578, 1.67659 ] }, { "date": "2026-05-01", "close": 1.656824, "volume": 3819386, "typical_volume": 4449273.9, "trend": 1.686109, "fair_value": 1.385738, "relative_strength": 2.37574, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.042542, "energy": 20.005168, "activity_lines": [ 1.651413, 1.641198, 1.66294, 1.674521 ] }, { "date": "2026-05-08", "close": 1.666374, "volume": 6678323, "typical_volume": 4687482.15, "trend": 1.683642, "fair_value": 1.388408, "relative_strength": 2.619258, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.844535, "energy": 17.110571, "activity_lines": [ 1.657461, 1.645973, 1.661371, 1.673248 ] }, { "date": "2026-05-15", "close": 1.6425, "volume": 7254609, "typical_volume": 4988620.6, "trend": 1.680379, "fair_value": 1.391324, "relative_strength": 2.278652, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.218101, "energy": 18.374316, "activity_lines": [ 1.652049, 1.646754, 1.657688, 1.670594 ] }, { "date": "2026-05-22", "close": 1.6, "volume": 5513047, "typical_volume": 5204639.85, "trend": 1.678963, "fair_value": 1.394087, "relative_strength": -0.800779, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.790259, "energy": 32.712119, "activity_lines": [ 1.6347, 1.639895, 1.650185, 1.665408 ] }, { "date": "2026-05-29", "close": 1.55, "volume": 7101636, "typical_volume": 5320907.4, "trend": 1.674447, "fair_value": 1.396555, "relative_strength": -4.807825, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.384845, "energy": 62.909554, "activity_lines": [ 1.604471, 1.62411, 1.638508, 1.657088 ] }, { "date": "2026-06-05", "close": 1.5, "volume": 1858818, "typical_volume": 5194043.8, "trend": 1.66906, "fair_value": 1.398895, "relative_strength": -6.803869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.520653, "energy": 85.210891, "activity_lines": [ 1.563425, 1.600308, 1.62301, 1.645833 ] }, { "date": "2026-06-12", "close": 1.515, "volume": 1768004, "typical_volume": 5115434.65, "trend": 1.663219, "fair_value": 1.401598, "relative_strength": -7.841358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.342664, "energy": 89.25672, "activity_lines": [ 1.537833, 1.581217, 1.610256, 1.635894 ] }, { "date": "2026-06-19", "close": 1.515, "volume": 2374506, "typical_volume": 5071410.7, "trend": 1.657696, "fair_value": 1.404493, "relative_strength": -8.153591, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.792798, "energy": 89.269327, "activity_lines": [ 1.522333, 1.563923, 1.598632, 1.626331 ] }, { "date": "2026-06-26", "close": 1.485, "volume": 1951564, "typical_volume": 4917905.8, "trend": 1.650695, "fair_value": 1.406786, "relative_strength": -9.339844, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.758857, "energy": 91.708421, "activity_lines": [ 1.505333, 1.5441, 1.585236, 1.61519 ] }, { "date": "2026-07-03", "close": 1.565, "volume": 1021779, "typical_volume": 4705146.95, "trend": 1.646202, "fair_value": 1.409688, "relative_strength": -5.375985, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.482256, "energy": 67.461571, "activity_lines": [ 1.522667, 1.541947, 1.580504, 1.609661 ] }, { "date": "2026-07-10", "close": 1.55, "volume": 4659113, "typical_volume": 4760988.9, "trend": 1.641527, "fair_value": 1.412228, "relative_strength": -5.883292, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.953648, "energy": 51.806642, "activity_lines": [ 1.534, 1.538389, 1.575076, 1.603454 ] }, { "date": "2026-07-17", "close": 1.57, "volume": 4601450, "typical_volume": 4659955.05, "trend": 1.6372, "fair_value": 1.414848, "relative_strength": -4.625848, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.855834, "energy": 36.793141, "activity_lines": [ 1.548667, 1.540409, 1.572267, 1.59884 ] }, { "date": "2026-07-24", "close": 1.56, "volume": 3475427, "typical_volume": 4492422.3, "trend": 1.632859, "fair_value": 1.417283, "relative_strength": -4.998222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.313235, "energy": 26.864081, "activity_lines": [ 1.556333, 1.542364, 1.569055, 1.593859 ] }, { "date": "2026-07-31", "close": 1.575, "volume": 4072497, "typical_volume": 4398008.2, "trend": 1.627903, "fair_value": 1.41991, "relative_strength": -6.253643, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.106222, "energy": 24.515088, "activity_lines": [ 1.566, 1.548545, 1.567687, 1.590126 ] }, { "date": "2026-08-07", "close": 1.58, "volume": 4872871, "typical_volume": 4343400.1, "trend": 1.622318, "fair_value": 1.422353, "relative_strength": -8.809061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.912399, "energy": 22.807344, "activity_lines": [ 1.571333, 1.556091, 1.566957, 1.587036 ] } ], "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." } } }