{ "ticker": { "uuid": "a91f6573-54d9-4cb6-8c43-6908a8831cd6", "symbol": "XDEX", "name": "Xtrackers MSCI EM ex China", "exchange": "EBS", "country": "CH", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 26.404, "architecture_energy": 27.243, "architecture_maturity": 66.823, "architecture_confidence": 93.425, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 52.01, "rotation_up": 18.39, "upward_expansion": 53.78, "deceleration": 94.0, "rotation_down": 38.64, "downward_expansion": 22.11 }, "activity_lines": [ 142.847999, 145.879998, 144.568951, 139.7563 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 143.0, "trend_reference": 133.297999, "distance_from_trend": 0.072784, "trend_direction": "Improving", "fair_value": 105.976294, "distance_from_fair_value": 0.349358, "fair_value_direction": "Weakening", "relative_strength": 7.95104, "relative_strength_direction": "Weakening", "price_momentum": 0.210223, "excess_performance": 0.12734, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.072784, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.115209, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.349358, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.074074, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.07951, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.213312, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.210223, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.792719, "read": "Demand-led" } ], "volume": { "latest": 196, "relative_activity": 0.97561, "balance": 1.792719, "dry_up": 1.44226, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.048887, "annualized_volatility": 0.281947, "from_high_reference": -0.106138, "from_low_reference": 0.527288 }, "levels": { "trend_reference": 133.297999, "fair_value_reference": 105.976294, "structural_low": 113.900002, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 2, "median_return": 0.097082, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.059902, "regime_survival": 0.5, "best_return": 0.132862, "worst_return": 0.061302, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": 0.378425, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.260494, "regime_survival": 0.0, "best_return": 0.378425, "worst_return": 0.378425, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.132862, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-17", "tenure": "Established", "return": 0.02699, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": -0.000838, "active": true } ], "chart_path": [ { "date": "2024-09-13", "close": 90.610001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-20", "close": 92.089996, "volume": 306, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-27", "close": 94.230003, "volume": 424, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-04", "close": 92.029999, "volume": 460, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-11", "close": 92.559998, "volume": 604, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-18", "close": 94.370003, "volume": 451, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-10-25", "close": 92.610001, "volume": 360, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-01", "close": 91.230003, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-08", "close": 92.199997, "volume": 2280, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-15", "close": 90.839996, "volume": 1366, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-22", "close": 91.529999, "volume": 1056, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-11-29", "close": 89.919998, "volume": 1040, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-06", "close": 91.25, "volume": 699, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-13", "close": 92.589996, "volume": 96, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-20", "close": 89.269997, "volume": 240, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-12-27", "close": 90.5, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-03", "close": 90.709999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-10", "close": 91.830002, "volume": 242, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 92.709999, "volume": 700, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-24", "close": 93.169998, "volume": 550, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-31", "close": 93.459999, "volume": 1749, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-07", "close": 93.779999, "volume": 349, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-14", "close": 92.239998, "volume": 1917, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-21", "close": 93.139999, "volume": 276, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-02-28", "close": 88.940002, "volume": 696, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-07", "close": 87.800003, "volume": 555, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-14", "close": 88.040001, "volume": 120, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-21", "close": 89.190002, "volume": 576, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-03-28", "close": 88.68, "volume": 18, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-04", "close": 83.059998, "volume": 240, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-11", "close": 79.0, "volume": 426, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-18", "close": 80.620003, "volume": 2, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-04-25", "close": 84.370003, "volume": 2460, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-02", "close": 87.029999, "volume": 343, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-09", "close": 87.480003, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-16", "close": 91.209999, "volume": 189, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-23", "close": 89.419998, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-05-30", "close": 88.739998, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-06", "close": 90.739998, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-13", "close": 91.050003, "volume": 3, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-20", "close": 91.440002, "volume": 1928, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-06-27", "close": 92.980003, "volume": 341, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-04", "close": 93.029999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-11", "close": 92.889999, "volume": 8, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-18", "close": 94.25, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-07-25", "close": 93.589996, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-01", "close": 95.370003, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-08", "close": 95.0, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-15", "close": 95.650002, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-22", "close": 94.959999, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-08-29", "close": 94.730003, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-05", "close": 94.239998, "volume": 19, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-12", "close": 97.370003, "volume": 118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-19", "close": 98.669998, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-09-26", "close": 98.309998, "volume": 32, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-03", "close": 100.620003, "volume": 10, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-10", "close": 100.800003, "volume": 217, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-17", "close": 102.839996, "volume": 7, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-24", "close": 98.889397, "volume": 129, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-10-31", "close": 106.739998, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-07", "close": 104.160004, "volume": 61, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-14", "close": 104.760002, "volume": 1, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-21", "close": 103.260002, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-11-28", "close": 105.379997, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-05", "close": 106.919998, "volume": 24, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-12", "close": 105.199997, "volume": 23, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-19", "close": 104.720001, "volume": 148, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-12-26", "close": 105.720001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-02", "close": 107.760002, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-09", "close": 114.199997, "volume": 218, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-16", "close": 116.800003, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-23", "close": 117.0, "volume": 90, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-01-30", "close": 116.900002, "volume": 819, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-06", "close": 118.160004, "volume": 260, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-13", "close": 121.739998, "volume": 2248, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-20", "close": 125.519997, "volume": 461, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-02-27", "close": 127.360001, "volume": 5489, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-06", "close": 118.580002, "volume": 1273, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-13", "close": 117.720001, "volume": 881, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2026-03-20", "close": 116.059998, "volume": 566, "typical_volume": 628.35, "trend": 108.37098, "fair_value": 97.431617, "relative_strength": 17.353344, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.498831, "energy": 41.34877, "activity_lines": [ 119.144, 119.930909, 116.457238, 113.088634 ] }, { "date": "2026-03-27", "close": 114.68, "volume": 24, "typical_volume": 626.5, "trend": 109.03598, "fair_value": 97.64456, "relative_strength": 13.058048, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.257145, "energy": 29.573065, "activity_lines": [ 117.021333, 119.039273, 116.627143, 113.495667 ] }, { "date": "2026-04-03", "close": 118.379997, "volume": 9, "typical_volume": 626.9, "trend": 109.840647, "fair_value": 97.897432, "relative_strength": 12.471525, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.114323, "energy": 26.348075, "activity_lines": [ 116.854666, 118.858909, 117.099333, 114.098507 ] }, { "date": "2026-04-10", "close": 125.800003, "volume": 0, "typical_volume": 626.65, "trend": 110.788313, "fair_value": 98.233607, "relative_strength": 16.998472, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.518967, "energy": 34.977004, "activity_lines": [ 119.76, 120.002545, 118.213334, 115.128143 ] }, { "date": "2026-04-17", "close": 131.479996, "volume": 0, "typical_volume": 626.65, "trend": 111.88198, "fair_value": 98.629398, "relative_strength": 19.254528, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 83.487399, "energy": 59.31515, "activity_lines": [ 124.077332, 122.01709, 119.760952, 116.46309 ] }, { "date": "2026-04-24", "close": 133.380005, "volume": 10, "typical_volume": 625.95, "trend": 113.05098, "fair_value": 99.038228, "relative_strength": 22.460448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.098533, "energy": 88.115165, "activity_lines": [ 128.110667, 124.134909, 121.365238, 117.85006 ] }, { "date": "2026-05-01", "close": 133.199997, "volume": 72, "typical_volume": 628.4, "trend": 114.13698, "fair_value": 99.435458, "relative_strength": 21.746483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.642568, "energy": 90.632785, "activity_lines": [ 130.929333, 126.008363, 122.826381, 119.149996 ] }, { "date": "2026-05-08", "close": 142.240005, "volume": 144, "typical_volume": 628.2, "trend": 115.518313, "fair_value": 99.927464, "relative_strength": 29.282193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.013369, "energy": 96.134573, "activity_lines": [ 135.526668, 129.385819, 125.015143, 120.963095 ] }, { "date": "2026-05-15", "close": 139.539993, "volume": 439, "typical_volume": 650.15, "trend": 116.741647, "fair_value": 100.377607, "relative_strength": 24.778244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.96111, "energy": 91.432289, "activity_lines": [ 137.633332, 132.001817, 126.768095, 122.51288 ] }, { "date": "2026-05-22", "close": 140.779999, "volume": 77, "typical_volume": 654.0, "trend": 118.138, "fair_value": 100.831566, "relative_strength": 22.387122, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.345131, "energy": 89.938672, "activity_lines": [ 139.237332, 134.462181, 128.478095, 124.063742 ] }, { "date": "2026-05-29", "close": 148.419998, "volume": 1989, "typical_volume": 742.55, "trend": 119.527333, "fair_value": 101.360327, "relative_strength": 27.586875, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.104046, "energy": 94.295727, "activity_lines": [ 142.767998, 137.892363, 130.758476, 126.017419 ] }, { "date": "2026-06-05", "close": 143.699997, "volume": 0, "typical_volume": 742.55, "trend": 120.845333, "fair_value": 101.825598, "relative_strength": 24.011553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.093071, "energy": 82.292569, "activity_lines": [ 143.722664, 139.875999, 132.42638, 127.576946 ] }, { "date": "2026-06-12", "close": 148.740005, "volume": 89, "typical_volume": 742.5, "trend": 122.311333, "fair_value": 102.335537, "relative_strength": 24.439106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.90306, "energy": 86.068952, "activity_lines": [ 145.657333, 142.248363, 134.44619, 129.376602 ] }, { "date": "2026-06-19", "close": 159.979996, "volume": 0, "typical_volume": 701.55, "trend": 124.202, "fair_value": 102.95537, "relative_strength": 32.061992, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.537458, "energy": 95.075893, "activity_lines": [ 150.905332, 146.112363, 137.385333, 131.806838 ] }, { "date": "2026-06-26", "close": 154.339996, "volume": 0, "typical_volume": 688.55, "trend": 125.834, "fair_value": 103.502015, "relative_strength": 22.980781, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.324606, "energy": 83.19098, "activity_lines": [ 152.910665, 148.329453, 139.582189, 133.751225 ] }, { "date": "2026-07-03", "close": 151.919998, "volume": 0, "typical_volume": 576.15, "trend": 127.334, "fair_value": 104.011678, "relative_strength": 18.232393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.858468, "energy": 73.245828, "activity_lines": [ 153.205331, 149.690907, 141.376285, 135.434193 ] }, { "date": "2026-07-10", "close": 149.759995, "volume": 6, "typical_volume": 553.4, "trend": 128.819333, "fair_value": 104.488223, "relative_strength": 17.405821, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.12157, "energy": 66.20544, "activity_lines": [ 152.546663, 150.322543, 142.820951, 136.881031 ] }, { "date": "2026-07-17", "close": 136.979996, "volume": 705, "typical_volume": 314.2, "trend": 129.894666, "fair_value": 104.823189, "relative_strength": 6.189802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.367376, "energy": 43.618609, "activity_lines": [ 147.223996, 148.329452, 142.933046, 137.407526 ] }, { "date": "2026-07-24", "close": 143.119995, "volume": 69, "typical_volume": 254.0, "trend": 131.141333, "fair_value": 105.213973, "relative_strength": 10.566424, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.037243, "energy": 26.96474, "activity_lines": [ 144.731996, 147.54836, 143.584093, 138.260773 ] }, { "date": "2026-07-31", "close": 143.660004, "volume": 189, "typical_volume": 219.4, "trend": 132.337999, "fair_value": 105.602317, "relative_strength": 10.377487, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.893717, "energy": 27.080997, "activity_lines": [ 143.543998, 146.800362, 144.169713, 139.068429 ] }, { "date": "2026-08-07", "close": 143.0, "volume": 196, "typical_volume": 200.9, "trend": 133.297999, "fair_value": 105.976294, "relative_strength": 7.95104, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.403741, "energy": 27.242861, "activity_lines": [ 142.847999, 145.879998, 144.568951, 139.7563 ] } ], "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." } } }