{ "ticker": { "uuid": "acda109f-7a1e-46ba-98ff-e84bc8837d9f", "symbol": "RCL", "name": "Royal Caribbean Cruises Ltd.", "exchange": "MEX", "country": "MX", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^MXX", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 85.954, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 42.789, "architecture_energy": 30.731, "architecture_maturity": 27.205, "architecture_confidence": 50.724, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 35.47, "rotation_up": 45.46, "upward_expansion": 43.3, "deceleration": 41.75, "rotation_down": 34.35, "downward_expansion": 19.96 }, "activity_lines": [ 5341.003255, 5315.056499, 5144.904846, 5100.08699 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 5570.0, "trend_reference": 5104.115072, "distance_from_trend": 0.091276, "trend_direction": "Improving", "fair_value": 4020.218126, "distance_from_fair_value": 0.385497, "fair_value_direction": "Improving", "relative_strength": 2.628281, "relative_strength_direction": "Improving", "price_momentum": -0.064367, "excess_performance": -0.0097, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091276, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.018581, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.385497, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.070902, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.026283, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.213479, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.064367, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.236056, "read": "Supply-led" } ], "volume": { "latest": 339, "relative_activity": 0.526234, "balance": 0.236056, "dry_up": 0.60385, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.049181, "annualized_volatility": 0.380245, "from_high_reference": -0.182747, "from_low_reference": 0.358941 }, "levels": { "trend_reference": 5104.115072, "fair_value_reference": 4020.218126, "structural_low": 4098.781063, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": -0.031433, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.001836, "regime_survival": 0.375, "best_return": 0.176979, "worst_return": -0.273219, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.088403, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.003996, "regime_survival": 0.0, "best_return": 0.285712, "worst_return": -0.18217, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.031304, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.041519, "regime_survival": 0.0, "best_return": 0.31547, "worst_return": -0.127105, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.195153, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.132317, "regime_survival": 0.0, "best_return": 1.591473, "worst_return": -0.522118, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-05-02", "tenure": "Developing", "return": 0.228142, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.091244, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.083373, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.176979, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": -0.08075, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-22", "end": "2025-08-29", "tenure": "New", "return": 0.063513, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.109481, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": -0.086618, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-05", "tenure": "Developing", "return": 2e-06, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-12", "end": "2026-02-13", "tenure": "Developing", "return": 0.137788, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-20", "end": "2026-03-06", "tenure": "New", "return": -0.097675, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-03-13", "end": "2026-03-20", "tenure": "New", "return": -0.0174, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-27", "end": "2026-06-19", "tenure": "Established", "return": 0.150335, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-06-26", "end": "2026-08-07", "tenure": "Developing", "return": -0.001432, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1696.744385, "volume": 231, "typical_volume": 2421.1, "trend": 1430.808919, "fair_value": 1416.23272, "relative_strength": 32.649561, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.789064, "energy": 59.995435, "activity_lines": [ 1747.682747, 1740.219034, 1642.268653, 1541.307002 ] }, { "date": "2023-08-25", "close": 1724.411011, "volume": 275, "typical_volume": 2434.4, "trend": 1448.171224, "fair_value": 1417.52276, "relative_strength": 33.352001, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.864051, "energy": 48.013037, "activity_lines": [ 1737.208797, 1739.677894, 1661.589686, 1560.249073 ] }, { "date": "2023-09-01", "close": 1662.985352, "volume": 525, "typical_volume": 2447.15, "trend": 1460.223291, "fair_value": 1418.276207, "relative_strength": 27.341609, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.348562, "energy": 35.381847, "activity_lines": [ 1705.493872, 1726.070748, 1672.456573, 1574.108049 ] }, { "date": "2023-09-08", "close": 1711.406738, "volume": 209, "typical_volume": 2145.5, "trend": 1472.990491, "fair_value": 1419.831887, "relative_strength": 31.348397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.83999, "energy": 30.355768, "activity_lines": [ 1700.639762, 1721.630684, 1685.385727, 1590.313432 ] }, { "date": "2023-09-15", "close": 1657.492065, "volume": 139, "typical_volume": 1741.35, "trend": 1483.411202, "fair_value": 1421.623051, "relative_strength": 29.029334, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.144525, "energy": 24.131846, "activity_lines": [ 1684.507316, 1708.777539, 1690.419303, 1602.21676 ] }, { "date": "2023-09-22", "close": 1598.063965, "volume": 91, "typical_volume": 1194.35, "trend": 1493.898499, "fair_value": 1422.653918, "relative_strength": 22.559901, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.426065, "energy": 17.823026, "activity_lines": [ 1653.659334, 1687.125943, 1687.483953, 1609.613712 ] }, { "date": "2023-09-29", "close": 1610.049561, "volume": 1515, "typical_volume": 1192.25, "trend": 1504.632499, "fair_value": 1423.902085, "relative_strength": 24.052053, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.985121, "energy": 17.598676, "activity_lines": [ 1633.385246, 1668.343619, 1684.477223, 1617.107329 ] }, { "date": "2023-10-06", "close": 1650.26062, "volume": 47189, "typical_volume": 3500.95, "trend": 1518.357532, "fair_value": 1425.010741, "relative_strength": 28.851807, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.473308, "energy": 17.636432, "activity_lines": [ 1634.13894, 1658.742853, 1684.015959, 1626.502692 ] }, { "date": "2023-10-13", "close": 1597.065186, "volume": 248, "typical_volume": 3449.4, "trend": 1531.974369, "fair_value": 1427.303733, "relative_strength": 24.261375, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.741832, "energy": 18.181075, "activity_lines": [ 1618.009139, 1642.625282, 1677.326253, 1631.580605 ] }, { "date": "2023-10-20", "close": 1464.625732, "volume": 394, "typical_volume": 3444.3, "trend": 1542.857853, "fair_value": 1428.055388, "relative_strength": 15.742171, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -27.029065, "energy": 44.363261, "activity_lines": [ 1565.355623, 1606.332171, 1656.99594, 1627.235531 ] }, { "date": "2023-10-27", "close": 1524.153442, "volume": 2275, "typical_volume": 3353.3, "trend": 1554.37723, "fair_value": 1430.221418, "relative_strength": 17.834664, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.072503, "energy": 54.999911, "activity_lines": [ 1545.402433, 1585.758168, 1642.542299, 1626.028795 ] }, { "date": "2023-11-03", "close": 1601.060181, "volume": 3812, "typical_volume": 3443.65, "trend": 1568.494124, "fair_value": 1432.756807, "relative_strength": 17.368594, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.235678, "energy": 46.707141, "activity_lines": [ 1556.012191, 1582.305225, 1635.622381, 1629.040599 ] }, { "date": "2023-11-10", "close": 1653.876587, "volume": 24077, "typical_volume": 4533.45, "trend": 1586.035551, "fair_value": 1434.137058, "relative_strength": 20.369957, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.276642, "energy": 24.19044, "activity_lines": [ 1584.826709, 1590.698007, 1633.822963, 1634.549144 ] }, { "date": "2023-11-17", "close": 1807.809937, "volume": 532, "typical_volume": 4470.95, "trend": 1608.574915, "fair_value": 1436.407641, "relative_strength": 26.855949, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "up", "direction": 47.862098, "energy": 31.626094, "activity_lines": [ 1664.711279, 1627.244285, 1646.822362, 1648.857169 ] }, { "date": "2023-11-24", "close": 1777.846191, "volume": 50, "typical_volume": 4394.75, "trend": 1628.750476, "fair_value": 1437.33594, "relative_strength": 23.172366, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 50.984578, "energy": 45.020999, "activity_lines": [ 1720.558285, 1656.589824, 1656.872948, 1659.777897 ] }, { "date": "2023-12-01", "close": 1897.690918, "volume": 1385, "typical_volume": 4409.95, "trend": 1647.228092, "fair_value": 1439.061413, "relative_strength": 28.009749, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.282982, "energy": 79.328994, "activity_lines": [ 1795.472168, 1705.537056, 1678.289755, 1677.128893 ] }, { "date": "2023-12-08", "close": 2086.472412, "volume": 918, "typical_volume": 4442.85, "trend": 1672.09797, "fair_value": 1442.530288, "relative_strength": 37.938937, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.067583, "energy": 96.721741, "activity_lines": [ 1908.410718, 1783.360434, 1716.43969, 1705.467236 ] }, { "date": "2023-12-15", "close": 2092.465088, "volume": 502, "typical_volume": 4338.7, "trend": 1694.973588, "fair_value": 1446.7423, "relative_strength": 30.329149, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.934279, "energy": 96.445319, "activity_lines": [ 1990.986011, 1853.611155, 1753.381558, 1732.587696 ] }, { "date": "2023-12-22", "close": 2170.121094, "volume": 601, "typical_volume": 4306.4, "trend": 1721.266736, "fair_value": 1451.65782, "relative_strength": 33.012579, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.796858, "energy": 96.596659, "activity_lines": [ 2070.207406, 1929.941069, 1796.439834, 1763.242373 ] }, { "date": "2023-12-29", "close": 2250.053955, "volume": 408, "typical_volume": 4268.8, "trend": 1745.996106, "fair_value": 1456.579933, "relative_strength": 35.966023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.071567, "energy": 96.386511, "activity_lines": [ 2151.91901, 2010.385032, 1845.404496, 1797.357678 ] }, { "date": "2024-01-05", "close": 2038.530273, "volume": 217, "typical_volume": 4268.1, "trend": 1761.677104, "fair_value": 1460.325394, "relative_strength": 24.475068, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.278163, "energy": 87.223605, "activity_lines": [ 2131.642204, 2038.089631, 1871.766168, 1816.23085 ] }, { "date": "2024-01-12", "close": 2079.480469, "volume": 1905, "typical_volume": 4349.6, "trend": 1776.991878, "fair_value": 1464.325353, "relative_strength": 27.090471, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.447949, "energy": 66.652947, "activity_lines": [ 2115.626172, 2063.887413, 1900.400306, 1836.734293 ] }, { "date": "2024-01-19", "close": 2154.389893, "volume": 5098, "typical_volume": 4578.25, "trend": 1792.706173, "fair_value": 1468.979971, "relative_strength": 30.613516, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.775934, "energy": 67.497819, "activity_lines": [ 2125.046078, 2094.606541, 1934.477869, 1861.082552 ] }, { "date": "2024-01-26", "close": 2172.368408, "volume": 1066, "typical_volume": 4621.1, "trend": 1805.523987, "fair_value": 1474.33624, "relative_strength": 27.117407, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.52257, "energy": 63.648947, "activity_lines": [ 2136.330501, 2119.494247, 1967.927649, 1885.57689 ] }, { "date": "2024-02-02", "close": 2065.497559, "volume": 340, "typical_volume": 4631.15, "trend": 1815.445296, "fair_value": 1478.360209, "relative_strength": 17.164012, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.123166, "energy": 51.797646, "activity_lines": [ 2111.841488, 2118.322554, 1989.004198, 1902.349378 ] }, { "date": "2024-02-09", "close": 1957.638428, "volume": 841, "typical_volume": 4668.65, "trend": 1826.165979, "fair_value": 1482.276042, "relative_strength": 12.158155, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.045163, "energy": 41.181116, "activity_lines": [ 2063.70319, 2092.310085, 1997.865565, 1911.523129 ] }, { "date": "2024-02-16", "close": 1967.626343, "volume": 3662, "typical_volume": 4776.0, "trend": 1834.656034, "fair_value": 1484.516982, "relative_strength": 12.44564, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.727134, "energy": 27.222464, "activity_lines": [ 2024.286988, 2067.023646, 2005.965902, 1920.649604 ] }, { "date": "2024-02-23", "close": 2107.447266, "volume": 4847, "typical_volume": 2658.9, "trend": 1844.111255, "fair_value": 1485.452134, "relative_strength": 20.469235, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.411077, "energy": 29.427538, "activity_lines": [ 2038.934701, 2069.320031, 2025.679772, 1938.249038 ] }, { "date": "2024-03-01", "close": 2122.628418, "volume": 3234, "typical_volume": 2808.2, "trend": 1854.472034, "fair_value": 1487.472763, "relative_strength": 22.687543, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.793211, "energy": 28.1336, "activity_lines": [ 2061.772307, 2074.104222, 2044.662386, 1956.217887 ] }, { "date": "2024-03-08", "close": 2131.417725, "volume": 652, "typical_volume": 2821.1, "trend": 1867.72264, "fair_value": 1489.086256, "relative_strength": 23.373608, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.545481, "energy": 42.001888, "activity_lines": [ 2090.855681, 2081.349971, 2061.979395, 1974.085351 ] }, { "date": "2024-03-15", "close": 2152.392334, "volume": 737, "typical_volume": 2744.2, "trend": 1882.910905, "fair_value": 1490.982036, "relative_strength": 20.589165, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.018844, "energy": 48.812935, "activity_lines": [ 2122.535913, 2094.566309, 2078.118786, 1992.451138 ] }, { "date": "2024-03-22", "close": 2297.217041, "volume": 502, "typical_volume": 2578.7, "trend": 1902.004439, "fair_value": 1494.594135, "relative_strength": 26.378661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.096581, "energy": 72.165307, "activity_lines": [ 2189.507455, 2132.044192, 2105.059393, 2019.180566 ] }, { "date": "2024-03-29", "close": 2312.19873, "volume": 397, "typical_volume": 1394.7, "trend": 1923.644885, "fair_value": 1498.158918, "relative_strength": 24.150029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.542902, "energy": 82.03282, "activity_lines": [ 2239.500179, 2168.287172, 2130.111794, 2045.644714 ] }, { "date": "2024-04-05", "close": 2308.203613, "volume": 850, "typical_volume": 1410.6, "trend": 1943.538114, "fair_value": 1501.304788, "relative_strength": 21.120589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.575408, "energy": 85.785307, "activity_lines": [ 2274.5111, 2200.934515, 2151.64884, 2070.454954 ] }, { "date": "2024-04-12", "close": 2161.44165, "volume": 940, "typical_volume": 1455.1, "trend": 1960.336434, "fair_value": 1504.179961, "relative_strength": 15.297033, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.232103, "energy": 67.78487, "activity_lines": [ 2248.229687, 2204.428134, 2156.82573, 2084.513247 ] }, { "date": "2024-04-19", "close": 2172.378418, "volume": 66, "typical_volume": 1389.15, "trend": 1979.480249, "fair_value": 1507.208409, "relative_strength": 16.12599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.980689, "energy": 45.120081, "activity_lines": [ 2223.592269, 2208.165818, 2161.217572, 2098.193375 ] }, { "date": "2024-04-26", "close": 2397.095947, "volume": 137, "typical_volume": 1350.1, "trend": 2005.715129, "fair_value": 1511.242048, "relative_strength": 22.353827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.228841, "energy": 51.835798, "activity_lines": [ 2272.528288, 2248.856871, 2185.703047, 2125.136323 ] }, { "date": "2024-05-03", "close": 2356.844727, "volume": 419, "typical_volume": 1345.95, "trend": 2029.267932, "fair_value": 1515.600294, "relative_strength": 20.619982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.723441, "energy": 49.934148, "activity_lines": [ 2301.388639, 2274.420983, 2204.875913, 2147.789846 ] }, { "date": "2024-05-10", "close": 2404.687012, "volume": 148, "typical_volume": 1323.3, "trend": 2056.18866, "fair_value": 1520.361195, "relative_strength": 20.654193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.927874, "energy": 58.476747, "activity_lines": [ 2343.22002, 2304.149192, 2227.346237, 2172.010431 ] }, { "date": "2024-05-17", "close": 2378.118896, "volume": 201, "typical_volume": 1312.95, "trend": 2086.638432, "fair_value": 1524.96773, "relative_strength": 18.583753, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.681776, "energy": 72.61546, "activity_lines": [ 2369.763135, 2323.918497, 2246.169283, 2192.780124 ] }, { "date": "2024-05-24", "close": 2500.77002, "volume": 2205, "typical_volume": 1412.35, "trend": 2119.192318, "fair_value": 1529.08351, "relative_strength": 28.19815, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.677535, "energy": 84.283501, "activity_lines": [ 2422.744808, 2361.50253, 2276.063556, 2219.498291 ] }, { "date": "2024-05-31", "close": 2481.104492, "volume": 74, "typical_volume": 1320.8, "trend": 2148.527128, "fair_value": 1532.976937, "relative_strength": 26.579014, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.725514, "energy": 84.188002, "activity_lines": [ 2447.278532, 2389.176873, 2301.883779, 2242.847464 ] }, { "date": "2024-06-07", "close": 2746.672607, "volume": 5116, "typical_volume": 1321.7, "trend": 2184.953662, "fair_value": 1539.154964, "relative_strength": 44.150612, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.599414, "energy": 94.861534, "activity_lines": [ 2554.734391, 2461.79292, 2351.083709, 2281.437494 ] }, { "date": "2024-06-14", "close": 2706.730957, "volume": 1435, "typical_volume": 1340.15, "trend": 2214.917696, "fair_value": 1545.155645, "relative_strength": 42.409142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.781868, "energy": 91.957888, "activity_lines": [ 2622.887842, 2519.247323, 2393.659278, 2315.100546 ] }, { "date": "2024-06-21", "close": 2756.660156, "volume": 446, "typical_volume": 1345.45, "trend": 2247.544828, "fair_value": 1551.430158, "relative_strength": 41.932024, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.160144, "energy": 91.86928, "activity_lines": [ 2687.548096, 2578.533811, 2438.445425, 2350.051672 ] }, { "date": "2024-06-28", "close": 2927.453369, "volume": 940, "typical_volume": 1350.4, "trend": 2281.870243, "fair_value": 1559.324439, "relative_strength": 49.969575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.621236, "energy": 95.305843, "activity_lines": [ 2783.903336, 2658.051456, 2496.206342, 2393.916739 ] }, { "date": "2024-07-05", "close": 2822.360596, "volume": 341, "typical_volume": 1184.35, "trend": 2306.399849, "fair_value": 1566.919979, "relative_strength": 43.316245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.283749, "energy": 84.490176, "activity_lines": [ 2816.782096, 2704.732688, 2539.340258, 2428.787085 ] }, { "date": "2024-07-12", "close": 2935.443848, "volume": 214, "typical_volume": 952.7, "trend": 2334.499141, "fair_value": 1576.473022, "relative_strength": 40.303448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.614085, "energy": 88.799291, "activity_lines": [ 2864.604867, 2764.242427, 2589.173843, 2469.370568 ] }, { "date": "2024-07-19", "close": 3033.324951, "volume": 1130, "typical_volume": 847.5, "trend": 2363.272603, "fair_value": 1585.931882, "relative_strength": 46.601845, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.960394, "energy": 88.144296, "activity_lines": [ 2932.469922, 2831.028746, 2644.386598, 2514.456105 ] }, { "date": "2024-07-26", "close": 2831.569336, "volume": 186, "typical_volume": 824.2, "trend": 2382.656449, "fair_value": 1594.322163, "relative_strength": 37.674093, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.287185, "energy": 66.000711, "activity_lines": [ 2911.310173, 2849.702446, 2676.047882, 2544.668797 ] }, { "date": "2024-08-02", "close": 2665.730469, "volume": 456, "typical_volume": 810.15, "trend": 2403.563123, "fair_value": 1601.281424, "relative_strength": 29.921928, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.992956, "energy": 52.431119, "activity_lines": [ 2829.876856, 2829.979071, 2688.580933, 2562.931637 ] }, { "date": "2024-08-09", "close": 2946.430176, "volume": 1790, "typical_volume": 874.55, "trend": 2432.461446, "fair_value": 1610.067445, "relative_strength": 39.83935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.31397, "energy": 54.279678, "activity_lines": [ 2859.458301, 2858.292725, 2725.402822, 2597.955318 ] }, { "date": "2024-08-16", "close": 2936.442383, "volume": 509, "typical_volume": 880.15, "trend": 2458.529863, "fair_value": 1618.710818, "relative_strength": 35.238757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.933079, "energy": 46.313401, "activity_lines": [ 2877.439177, 2876.32995, 2758.182001, 2630.470217 ] }, { "date": "2024-08-23", "close": 3034.434082, "volume": 1546, "typical_volume": 914.95, "trend": 2487.265385, "fair_value": 1627.406055, "relative_strength": 39.674309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.524267, "energy": 53.126449, "activity_lines": [ 2928.017383, 2908.733487, 2797.321134, 2667.625328 ] }, { "date": "2024-08-30", "close": 3282.014404, "volume": 1016, "typical_volume": 918.75, "trend": 2527.815946, "fair_value": 1638.328659, "relative_strength": 50.528336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.438302, "energy": 68.036915, "activity_lines": [ 3061.048421, 2980.19339, 2856.581106, 2718.899458 ] }, { "date": "2024-09-06", "close": 3126.212891, "volume": 393, "typical_volume": 935.1, "trend": 2566.768429, "fair_value": 1647.932474, "relative_strength": 46.562732, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.057469, "energy": 77.39388, "activity_lines": [ 3112.115951, 3013.77385, 2895.666777, 2757.505713 ] }, { "date": "2024-09-13", "close": 3253.95752, "volume": 1910, "typical_volume": 1023.75, "trend": 2609.646134, "fair_value": 1658.068205, "relative_strength": 47.75378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.088047, "energy": 87.995546, "activity_lines": [ 3175.066195, 3066.966797, 2942.376535, 2801.840493 ] }, { "date": "2024-09-20", "close": 3326.371826, "volume": 1278, "typical_volume": 1066.7, "trend": 2650.276953, "fair_value": 1667.738615, "relative_strength": 48.328795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.844615, "energy": 89.164902, "activity_lines": [ 3241.652718, 3125.478764, 2991.9026, 2848.08086 ] }, { "date": "2024-09-27", "close": 3516.165039, "volume": 243, "typical_volume": 1071.45, "trend": 2696.728174, "fair_value": 1678.152822, "relative_strength": 52.656603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.047397, "energy": 91.167228, "activity_lines": [ 3345.50835, 3211.390807, 3054.887413, 2903.944607 ] }, { "date": "2024-10-04", "close": 3336.361084, "volume": 102, "typical_volume": 1066.5, "trend": 2736.892952, "fair_value": 1687.95078, "relative_strength": 43.40589, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.80564, "energy": 72.257247, "activity_lines": [ 3357.313932, 3255.832311, 3095.455287, 2945.211247 ] }, { "date": "2024-10-11", "close": 3695.968994, "volume": 853, "typical_volume": 998.9, "trend": 2788.345508, "fair_value": 1700.246951, "relative_strength": 56.905991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.902647, "energy": 74.454387, "activity_lines": [ 3485.365706, 3356.479039, 3165.708476, 3007.08712 ] }, { "date": "2024-10-18", "close": 3925.718262, "volume": 727, "typical_volume": 1031.55, "trend": 2842.628882, "fair_value": 1714.463537, "relative_strength": 61.652696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.565752, "energy": 81.063138, "activity_lines": [ 3652.016829, 3480.166753, 3252.151124, 3080.466008 ] }, { "date": "2024-10-25", "close": 3995.641846, "volume": 110, "typical_volume": 781.25, "trend": 2898.743652, "fair_value": 1728.97738, "relative_strength": 65.286339, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.420184, "energy": 87.931101, "activity_lines": [ 3797.191764, 3598.762607, 3338.374048, 3154.853941 ] }, { "date": "2024-11-01", "close": 4115.510742, "volume": 481, "typical_volume": 733.55, "trend": 2958.987223, "fair_value": 1742.809959, "relative_strength": 70.633133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.610478, "energy": 93.965473, "activity_lines": [ 3937.704997, 3719.894633, 3430.065584, 3233.355044 ] }, { "date": "2024-11-08", "close": 4375.228027, "volume": 840, "typical_volume": 753.25, "trend": 3032.780103, "fair_value": 1759.651918, "relative_strength": 73.473194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.447652, "energy": 95.661272, "activity_lines": [ 4124.834277, 3868.592045, 3539.783625, 3324.725418 ] }, { "date": "2024-11-15", "close": 4684.890625, "volume": 179, "typical_volume": 715.2, "trend": 3116.530509, "fair_value": 1778.933471, "relative_strength": 86.500598, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.964549, "energy": 96.544556, "activity_lines": [ 4345.926628, 4053.715137, 3671.285876, 3431.313194 ] }, { "date": "2024-11-22", "close": 4968.571289, "volume": 39, "typical_volume": 700.1, "trend": 3202.246354, "fair_value": 1800.859413, "relative_strength": 93.102876, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.753764, "energy": 96.739656, "activity_lines": [ 4595.65109, 4262.076935, 3821.436584, 3550.799696 ] }, { "date": "2024-11-29", "close": 4974.574219, "volume": 665, "typical_volume": 722.65, "trend": 3289.504004, "fair_value": 1823.627412, "relative_strength": 91.0757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.37059, "energy": 93.36062, "activity_lines": [ 4777.852995, 4440.35538, 3961.938949, 3665.143429 ] }, { "date": "2024-12-06", "close": 5126.408691, "volume": 185, "typical_volume": 675.4, "trend": 3380.22806, "fair_value": 1846.373056, "relative_strength": 86.791798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.247049, "energy": 92.426461, "activity_lines": [ 4945.404232, 4616.272776, 4107.191595, 3783.653409 ] }, { "date": "2024-12-13", "close": 4924.62793, "volume": 213, "typical_volume": 676.75, "trend": 3465.111694, "fair_value": 1868.292616, "relative_strength": 74.800922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.47431, "energy": 82.73661, "activity_lines": [ 4978.302018, 4726.225604, 4223.25996, 3883.29211 ] }, { "date": "2024-12-20", "close": 4791.773926, "volume": 307, "typical_volume": 669.3, "trend": 3541.478491, "fair_value": 1888.509016, "relative_strength": 73.468208, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.691254, "energy": 67.107949, "activity_lines": [ 4930.288477, 4783.145579, 4316.708617, 3968.883222 ] }, { "date": "2024-12-27", "close": 4795.319336, "volume": 28, "typical_volume": 581.2, "trend": 3618.618986, "fair_value": 1909.196317, "relative_strength": 71.205263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.678655, "energy": 65.038957, "activity_lines": [ 4876.331185, 4820.786448, 4400.370916, 4049.776179 ] }, { "date": "2025-01-03", "close": 4720.392578, "volume": 133, "typical_volume": 562.4, "trend": 3684.409652, "fair_value": 1928.827094, "relative_strength": 66.293077, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.971404, "energy": 55.849977, "activity_lines": [ 4808.948438, 4828.993342, 4468.093099, 4120.858346 ] }, { "date": "2025-01-10", "close": 4555.554199, "volume": 51, "typical_volume": 487.65, "trend": 3746.037093, "fair_value": 1947.151518, "relative_strength": 55.606368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.147489, "energy": 47.336482, "activity_lines": [ 4703.565006, 4794.052335, 4511.621388, 4177.061221 ] }, { "date": "2025-01-17", "close": 5000.120117, "volume": 82, "typical_volume": 440.95, "trend": 3820.819092, "fair_value": 1968.837668, "relative_strength": 66.295145, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.861148, "energy": 54.802024, "activity_lines": [ 4784.427181, 4831.940705, 4590.245859, 4257.969803 ] }, { "date": "2025-01-24", "close": 4702.410156, "volume": 380, "typical_volume": 440.3, "trend": 3879.984318, "fair_value": 1989.24312, "relative_strength": 49.532214, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.526349, "energy": 41.356088, "activity_lines": [ 4761.019889, 4804.338317, 4632.335544, 4314.846646 ] }, { "date": "2025-01-31", "close": 5650.285156, "volume": 2388, "typical_volume": 464.2, "trend": 3974.24847, "fair_value": 2015.467634, "relative_strength": 76.052954, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 86.832366, "energy": 64.779061, "activity_lines": [ 5059.528515, 4948.758301, 4757.193338, 4429.059603 ] }, { "date": "2025-02-07", "close": 5544.588379, "volume": 122, "typical_volume": 406.4, "trend": 4061.219954, "fair_value": 2039.965555, "relative_strength": 63.93651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.532803, "energy": 71.356661, "activity_lines": [ 5265.807161, 5061.565891, 4860.573689, 4530.371855 ] }, { "date": "2025-02-14", "close": 5239.885742, "volume": 908, "typical_volume": 439.65, "trend": 4134.771981, "fair_value": 2062.670317, "relative_strength": 48.531155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.257906, "energy": 67.220167, "activity_lines": [ 5315.571875, 5108.609109, 4924.371804, 4606.414809 ] }, { "date": "2025-02-21", "close": 4764.849121, "volume": 788, "typical_volume": 473.95, "trend": 4199.21464, "fair_value": 2082.329973, "relative_strength": 33.886634, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.163098, "energy": 56.898952, "activity_lines": [ 5161.368945, 5067.218812, 4934.720143, 4647.064947 ] }, { "date": "2025-02-28", "close": 5023.097168, "volume": 285, "typical_volume": 445.55, "trend": 4277.79353, "fair_value": 2105.290505, "relative_strength": 42.562758, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.301115, "energy": 44.856055, "activity_lines": [ 5108.933431, 5075.687775, 4962.861209, 4700.218659 ] }, { "date": "2025-03-07", "close": 4382.472656, "volume": 167, "typical_volume": 417.55, "trend": 4325.661613, "fair_value": 2124.221301, "relative_strength": 21.637823, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.167316, "energy": 16.363643, "activity_lines": [ 4821.577279, 4963.473677, 4923.67076, 4706.972151 ] }, { "date": "2025-03-14", "close": 4146.662109, "volume": 309, "typical_volume": 427.5, "trend": 4366.00227, "fair_value": 2140.824237, "relative_strength": 14.556129, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -17.979683, "energy": 31.871898, "activity_lines": [ 4540.138444, 4815.891237, 4859.847142, 4695.423795 ] }, { "date": "2025-03-21", "close": 4322.521484, "volume": 310, "typical_volume": 418.95, "trend": 4408.938517, "fair_value": 2158.672859, "relative_strength": 17.627261, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.33484, "energy": 32.111191, "activity_lines": [ 4410.514485, 4710.714693, 4812.052892, 4692.618583 ] }, { "date": "2025-03-28", "close": 4236.590332, "volume": 491, "typical_volume": 401.5, "trend": 4440.757715, "fair_value": 2175.202339, "relative_strength": 12.977466, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.133874, "energy": 41.519128, "activity_lines": [ 4313.404427, 4594.15126, 4755.088958, 4681.499346 ] }, { "date": "2025-04-04", "close": 3657.056641, "volume": 6907, "typical_volume": 737.9, "trend": 4458.452506, "fair_value": 2188.52906, "relative_strength": -0.070549, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.695054, "energy": 67.101726, "activity_lines": [ 4058.333724, 4386.100426, 4643.591518, 4630.937986 ] }, { "date": "2025-04-11", "close": 3885.872559, "volume": 640, "typical_volume": 767.95, "trend": 4479.516341, "fair_value": 2203.06645, "relative_strength": 5.02904, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.455949, "energy": 59.968153, "activity_lines": [ 3970.604362, 4238.658913, 4558.780518, 4593.997344 ] }, { "date": "2025-04-18", "close": 3848.113037, "volume": 193, "typical_volume": 744.35, "trend": 4496.907715, "fair_value": 2217.01612, "relative_strength": 0.124256, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.15232, "energy": 60.414638, "activity_lines": [ 3903.395166, 4116.432262, 4475.529081, 4553.261647 ] }, { "date": "2025-04-25", "close": 4127.52832, "volume": 544, "typical_volume": 762.3, "trend": 4517.286491, "fair_value": 2232.84655, "relative_strength": -0.441439, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.613533, "energy": 48.342639, "activity_lines": [ 3949.227669, 4075.853396, 4424.252724, 4529.430719 ] }, { "date": "2025-05-02", "close": 4491.385254, "volume": 1724, "typical_volume": 837.85, "trend": 4555.787296, "fair_value": 2252.609956, "relative_strength": 8.9732, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -48.186089, "energy": 35.34617, "activity_lines": [ 4129.345361, 4121.655016, 4412.385982, 4527.759671 ] }, { "date": "2025-05-09", "close": 4528.355469, "volume": 267, "typical_volume": 835.85, "trend": 4583.533512, "fair_value": 2273.724386, "relative_strength": 7.36012, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.901775, "energy": 22.238772, "activity_lines": [ 4304.80013, 4179.150564, 4406.103273, 4525.989876 ] }, { "date": "2025-05-16", "close": 4941.542969, "volume": 252, "typical_volume": 847.05, "trend": 4617.394336, "fair_value": 2298.531061, "relative_strength": 12.975635, "stage": 2, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -3.225055, "energy": 20.371492, "activity_lines": [ 4559.897477, 4320.766415, 4440.426128, 4549.08726 ] }, { "date": "2025-05-23", "close": 4591.304688, "volume": 59, "typical_volume": 843.35, "trend": 4637.249764, "fair_value": 2320.67095, "relative_strength": 3.325946, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.934042, "energy": 28.248842, "activity_lines": [ 4627.870703, 4388.537664, 4440.696653, 4547.404057 ] }, { "date": "2025-05-30", "close": 4974.09668, "volume": 188, "typical_volume": 850.2, "trend": 4665.869295, "fair_value": 2345.590265, "relative_strength": 11.880688, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.729102, "energy": 34.918281, "activity_lines": [ 4773.89515, 4517.823047, 4478.038263, 4569.136116 ] }, { "date": "2025-06-06", "close": 5246.544434, "volume": 415, "typical_volume": 866.85, "trend": 4694.913175, "fair_value": 2373.360535, "relative_strength": 16.440119, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.21838, "energy": 55.071454, "activity_lines": [ 4954.297624, 4684.797563, 4539.334218, 4606.599028 ] }, { "date": "2025-06-13", "close": 4869.792969, "volume": 374, "typical_volume": 866.55, "trend": 4701.076587, "fair_value": 2399.756074, "relative_strength": 8.365684, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.861078, "energy": 49.935794, "activity_lines": [ 4958.772331, 4764.909011, 4563.575633, 4617.881596 ] }, { "date": "2025-06-20", "close": 5196.577148, "volume": 66, "typical_volume": 750.45, "trend": 4708.676782, "fair_value": 2427.7847, "relative_strength": 16.896782, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.835536, "energy": 57.027623, "activity_lines": [ 5049.412598, 4882.386013, 4618.142289, 4649.849374 ] }, { "date": "2025-06-27", "close": 5776.195801, "volume": 175, "typical_volume": 753.1, "trend": 4735.397502, "fair_value": 2460.250647, "relative_strength": 26.009468, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.342606, "energy": 71.675614, "activity_lines": [ 5316.256803, 5081.417232, 4730.071236, 4718.721568 ] }, { "date": "2025-07-04", "close": 6175.073242, "volume": 287, "typical_volume": 722.05, "trend": 4770.352987, "fair_value": 2495.320688, "relative_strength": 31.681982, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.632988, "energy": 93.376465, "activity_lines": [ 5637.067415, 5317.915572, 4878.885618, 4811.603874 ] }, { "date": "2025-07-11", "close": 6395.787109, "volume": 1891, "typical_volume": 777.2, "trend": 4819.391626, "fair_value": 2532.029648, "relative_strength": 37.772157, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.845692, "energy": 96.621933, "activity_lines": [ 5951.384212, 5557.315616, 5044.267095, 4916.470592 ] }, { "date": "2025-07-18", "close": 6547.687988, "volume": 194, "typical_volume": 772.65, "trend": 4877.922095, "fair_value": 2569.420954, "relative_strength": 39.884208, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.827519, "energy": 95.142796, "activity_lines": [ 6239.718457, 5789.708514, 5216.34895, 5027.973583 ] }, { "date": "2025-07-25", "close": 6495.72168, "volume": 63, "typical_volume": 767.45, "trend": 4934.602173, "fair_value": 2606.015025, "relative_strength": 34.377772, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.213179, "energy": 91.87844, "activity_lines": [ 6398.870931, 5975.937855, 5376.221677, 5132.34775 ] }, { "date": "2025-08-01", "close": 5846.149414, "volume": 724, "typical_volume": 788.2, "trend": 4972.127401, "fair_value": 2638.31296, "relative_strength": 20.418977, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.182733, "energy": 87.248596, "activity_lines": [ 6254.889681, 6015.805353, 5464.167289, 5191.157249 ] }, { "date": "2025-08-08", "close": 5626.294434, "volume": 266, "typical_volume": 786.0, "trend": 5007.818742, "fair_value": 2669.032863, "relative_strength": 12.506718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.65601, "energy": 62.194716, "activity_lines": [ 6032.959863, 5992.88386, 5523.081534, 5233.361574 ] }, { "date": "2025-08-15", "close": 5879.327637, "volume": 294, "typical_volume": 776.15, "trend": 5037.125659, "fair_value": 2701.598861, "relative_strength": 15.85845, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.727124, "energy": 46.382662, "activity_lines": [ 5931.959701, 6004.110263, 5599.885736, 5289.587954 ] }, { "date": "2025-08-22", "close": 6341.772949, "volume": 1093, "typical_volume": 485.45, "trend": 5091.771086, "fair_value": 2736.597908, "relative_strength": 21.707421, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.811975, "energy": 45.84494, "activity_lines": [ 6019.538607, 6087.912482, 5712.909791, 5373.758747 ] }, { "date": "2025-08-29", "close": 6744.557617, "volume": 629, "typical_volume": 484.9, "trend": 5128.246834, "fair_value": 2774.634062, "relative_strength": 29.085088, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 84.718395, "energy": 63.7661, "activity_lines": [ 6255.106738, 6218.185005, 5851.509927, 5480.390136 ] }, { "date": "2025-09-05", "close": 6745.547363, "volume": 2411, "typical_volume": 595.8, "trend": 5168.2788, "fair_value": 2811.8564, "relative_strength": 23.975297, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.409122, "energy": 80.006807, "activity_lines": [ 6474.415723, 6320.492383, 5976.591539, 5584.732106 ] }, { "date": "2025-09-12", "close": 6220.902344, "volume": 95, "typical_volume": 573.35, "trend": 5200.979354, "fair_value": 2845.171417, "relative_strength": 10.98825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.82635, "energy": 69.547794, "activity_lines": [ 6458.883171, 6309.785183, 6037.909652, 5652.643302 ] }, { "date": "2025-09-19", "close": 5966.070801, "volume": 6502, "typical_volume": 812.25, "trend": 5241.020077, "fair_value": 2877.686504, "relative_strength": 6.719313, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.258154, "energy": 54.603541, "activity_lines": [ 6318.766244, 6251.911719, 6064.989646, 5702.004041 ] }, { "date": "2025-09-26", "close": 6007.036621, "volume": 879, "typical_volume": 842.85, "trend": 5273.818058, "fair_value": 2911.299526, "relative_strength": 4.885592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.850227, "energy": 38.444029, "activity_lines": [ 6186.521712, 6209.299609, 6088.948835, 5751.424463 ] }, { "date": "2025-10-03", "close": 5831.123047, "volume": 89, "typical_volume": 834.7, "trend": 5322.106405, "fair_value": 2943.140357, "relative_strength": 1.691786, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.534363, "energy": 29.349703, "activity_lines": [ 6017.955078, 6144.533239, 6089.113012, 5787.379623 ] }, { "date": "2025-10-10", "close": 5662.206543, "volume": 145, "typical_volume": 839.0, "trend": 5372.624552, "fair_value": 2973.666236, "relative_strength": 0.57397, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.090494, "energy": 22.25763, "activity_lines": [ 5853.978581, 6061.138388, 6068.953806, 5809.321568 ] }, { "date": "2025-10-17", "close": 5500.986328, "volume": 745, "typical_volume": 866.85, "trend": 5411.906714, "fair_value": 3002.660922, "relative_strength": -4.446872, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -12.062336, "energy": 29.520777, "activity_lines": [ 5708.484733, 5951.775186, 6028.340762, 5817.602973 ] }, { "date": "2025-10-24", "close": 5852.112793, "volume": 655, "typical_volume": 878.85, "trend": 5465.757463, "fair_value": 3033.64001, "relative_strength": 2.255934, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.753644, "energy": 22.806087, "activity_lines": [ 5728.027441, 5908.53149, 6018.659335, 5846.003365 ] }, { "date": "2025-10-31", "close": 5326.041992, "volume": 4415, "typical_volume": 1080.9, "trend": 5521.390308, "fair_value": 3060.898618, "relative_strength": -9.40975, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -19.985986, "energy": 33.527371, "activity_lines": [ 5579.810417, 5770.133372, 5955.992269, 5836.989464 ] }, { "date": "2025-11-07", "close": 4677.692383, "volume": 10709, "typical_volume": 1613.05, "trend": 5547.784302, "fair_value": 3083.54656, "relative_strength": -21.02787, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -53.667029, "energy": 71.546651, "activity_lines": [ 5260.876497, 5532.321342, 5829.405006, 5782.557339 ] }, { "date": "2025-11-14", "close": 4647.707031, "volume": 449, "typical_volume": 1626.75, "trend": 5574.437435, "fair_value": 3106.187962, "relative_strength": -19.914525, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.006207, "energy": 80.434704, "activity_lines": [ 5008.842838, 5326.636799, 5702.432875, 5724.487838 ] }, { "date": "2025-11-21", "close": 4907.578613, "volume": 357, "typical_volume": 1630.25, "trend": 5600.439111, "fair_value": 3130.245509, "relative_strength": -14.480438, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.949145, "energy": 77.501747, "activity_lines": [ 4911.066341, 5206.344185, 5605.584175, 5681.464688 ] }, { "date": "2025-11-28", "close": 4881.591309, "volume": 303, "typical_volume": 1550.85, "trend": 5613.44598, "fair_value": 3154.037104, "relative_strength": -16.834814, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.658174, "energy": 77.803957, "activity_lines": [ 4844.187923, 5105.20522, 5512.296182, 5635.087411 ] }, { "date": "2025-12-05", "close": 4677.702148, "volume": 50, "typical_volume": 1543.65, "trend": 5618.424203, "fair_value": 3176.755537, "relative_strength": -19.597602, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.673039, "energy": 88.406535, "activity_lines": [ 4774.047884, 4986.713308, 5406.80063, 5574.716841 ] }, { "date": "2025-12-12", "close": 5028.519043, "volume": 8611, "typical_volume": 1971.05, "trend": 5621.323405, "fair_value": 3202.202982, "relative_strength": -15.034063, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.245525, "energy": 67.123512, "activity_lines": [ 4864.069466, 4956.176003, 5343.620905, 5536.658444 ] }, { "date": "2025-12-19", "close": 5330.370605, "volume": 1175, "typical_volume": 1993.6, "trend": 5645.958936, "fair_value": 3230.225625, "relative_strength": -8.629007, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.69032, "energy": 43.748443, "activity_lines": [ 5031.319791, 4995.113601, 5316.175628, 5517.887295 ] }, { "date": "2025-12-26", "close": 5292.38916, "volume": 287, "typical_volume": 1994.65, "trend": 5656.568685, "fair_value": 3257.960043, "relative_strength": -11.275827, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.088811, "energy": 31.202659, "activity_lines": [ 5140.39873, 5033.178862, 5287.569159, 5495.076342 ] }, { "date": "2026-01-02", "close": 5008.79541, "volume": 22, "typical_volume": 1981.05, "trend": 5648.643717, "fair_value": 3283.332277, "relative_strength": -13.738403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.735381, "energy": 28.297413, "activity_lines": [ 5129.292383, 5023.474298, 5233.543787, 5453.284518 ] }, { "date": "2026-01-09", "close": 5477.333008, "volume": 235, "typical_volume": 1938.15, "trend": 5668.895052, "fair_value": 3310.606725, "relative_strength": -8.238318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.239326, "energy": 25.599823, "activity_lines": [ 5265.884961, 5114.291433, 5228.286435, 5442.232214 ] }, { "date": "2026-01-16", "close": 4905.446777, "volume": 4341, "typical_volume": 2123.75, "trend": 5659.190706, "fair_value": 3334.381701, "relative_strength": -18.670812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.176933, "energy": 24.136754, "activity_lines": [ 5158.540071, 5098.378507, 5172.680108, 5392.977486 ] }, { "date": "2026-01-23", "close": 4948.493652, "volume": 25, "typical_volume": 2004.45, "trend": 5631.600635, "fair_value": 3358.387803, "relative_strength": -18.895336, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.327296, "energy": 33.383723, "activity_lines": [ 5073.748958, 5086.151296, 5129.931155, 5347.126064 ] }, { "date": "2026-01-30", "close": 5601.294922, "volume": 1721, "typical_volume": 2085.75, "trend": 5612.474691, "fair_value": 3385.951082, "relative_strength": -6.836199, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -5.850048, "energy": 7.921439, "activity_lines": [ 5232.016732, 5187.146378, 5157.911149, 5345.170856 ] }, { "date": "2026-02-06", "close": 5953.187988, "volume": 219, "typical_volume": 1771.6, "trend": 5597.721387, "fair_value": 3415.597218, "relative_strength": -5.043732, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 14.231993, "energy": 18.668385, "activity_lines": [ 5486.988476, 5339.508993, 5222.35528, 5367.152359 ] }, { "date": "2026-02-13", "close": 5721.388672, "volume": 249, "typical_volume": 1740.1, "trend": 5570.178076, "fair_value": 3443.65182, "relative_strength": -9.263365, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 26.170464, "energy": 38.61737, "activity_lines": [ 5601.734277, 5430.242702, 5264.784633, 5375.130894 ] }, { "date": "2026-02-20", "close": 5485.830078, "volume": 23, "typical_volume": 1736.8, "trend": 5536.515023, "fair_value": 3470.590186, "relative_strength": -12.721741, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.090697, "energy": 40.14938, "activity_lines": [ 5621.690169, 5459.171458, 5286.140062, 5369.689088 ] }, { "date": "2026-02-27", "close": 5374.554199, "volume": 109, "typical_volume": 1735.0, "trend": 5520.795182, "fair_value": 3496.785857, "relative_strength": -14.065929, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.14247, "energy": 35.337776, "activity_lines": [ 5565.861881, 5459.553489, 5298.542041, 5359.240002 ] }, { "date": "2026-03-06", "close": 4950.0, "volume": 253, "typical_volume": 1710.4, "trend": 5498.252034, "fair_value": 3520.577461, "relative_strength": -15.868856, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -39.79344, "energy": 18.333897, "activity_lines": [ 5340.111491, 5381.940509, 5271.880059, 5322.414507 ] }, { "date": "2026-03-13", "close": 4885.0, "volume": 772, "typical_volume": 1716.25, "trend": 5465.10778, "fair_value": 3544.272589, "relative_strength": -14.782207, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.46653, "energy": 33.588017, "activity_lines": [ 5136.114095, 5298.734606, 5241.651346, 5282.849859 ] }, { "date": "2026-03-20", "close": 4800.0, "volume": 281, "typical_volume": 1509.55, "trend": 5413.715348, "fair_value": 3567.746171, "relative_strength": -14.151769, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -64.067496, "energy": 46.466618, "activity_lines": [ 4974.995898, 5202.324982, 5207.932694, 5239.93968 ] }, { "date": "2026-03-27", "close": 4748.180176, "volume": 40, "typical_volume": 976.1, "trend": 5347.169434, "fair_value": 3590.628274, "relative_strength": -18.174036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.882873, "energy": 57.510908, "activity_lines": [ 4858.030339, 5108.808718, 5171.783782, 5197.001927 ] }, { "date": "2026-04-03", "close": 5016.508301, "volume": 139, "typical_volume": 960.6, "trend": 5289.534798, "fair_value": 3615.23696, "relative_strength": -17.307273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.497937, "energy": 59.487469, "activity_lines": [ 4879.684147, 5066.938778, 5160.854274, 5175.668951 ] }, { "date": "2026-04-10", "close": 4863.553711, "volume": 299, "typical_volume": 957.7, "trend": 5244.289844, "fair_value": 3639.185164, "relative_strength": -20.090609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.069569, "energy": 54.104256, "activity_lines": [ 4874.222819, 4996.022283, 5133.601465, 5148.1863 ] }, { "date": "2026-04-17", "close": 5000.513184, "volume": 1753, "typical_volume": 1030.2, "trend": 5212.10459, "fair_value": 3663.985704, "relative_strength": -17.590378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.35842, "energy": 34.290132, "activity_lines": [ 4920.177735, 4963.420987, 5119.602058, 5132.458773 ] }, { "date": "2026-04-24", "close": 4643.619141, "volume": 2115, "typical_volume": 1133.45, "trend": 5166.65734, "fair_value": 3686.235959, "relative_strength": -22.716537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.165422, "energy": 37.625287, "activity_lines": [ 4839.46709, 4883.251225, 5071.046447, 5095.782293 ] }, { "date": "2026-05-01", "close": 4619.626465, "volume": 370, "typical_volume": 721.4, "trend": 5126.274121, "fair_value": 3707.237651, "relative_strength": -21.344785, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.541362, "energy": 51.737363, "activity_lines": [ 4761.184278, 4818.314968, 5020.36812, 5060.489978 ] }, { "date": "2026-05-08", "close": 4903.541992, "volume": 345, "typical_volume": 679.9, "trend": 5100.985303, "fair_value": 3730.078458, "relative_strength": -18.719656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.980865, "energy": 39.07545, "activity_lines": [ 4786.110221, 4820.748873, 4998.676474, 5046.120163 ] }, { "date": "2026-05-15", "close": 4536.650879, "volume": 193, "typical_volume": 675.2, "trend": 5068.840788, "fair_value": 3750.145473, "relative_strength": -22.403156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.204844, "energy": 58.309345, "activity_lines": [ 4696.270215, 4765.03916, 4944.075335, 5009.711491 ] }, { "date": "2026-05-22", "close": 4486.476074, "volume": 4507, "typical_volume": 899.45, "trend": 5023.319564, "fair_value": 3770.050277, "relative_strength": -23.440584, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.663447, "energy": 58.231423, "activity_lines": [ 4611.498796, 4707.722195, 4888.294396, 4972.139574 ] }, { "date": "2026-05-29", "close": 4956.576172, "volume": 459, "typical_volume": 910.65, "trend": 5011.004036, "fair_value": 3792.155427, "relative_strength": -15.471904, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.856528, "energy": 31.35701, "activity_lines": [ 4717.696549, 4743.123864, 4879.772131, 4967.833549 ] }, { "date": "2026-06-05", "close": 4960.0, "volume": 20, "typical_volume": 694.6, "trend": 5020.41429, "fair_value": 3813.898373, "relative_strength": -11.980598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.811285, "energy": 23.912647, "activity_lines": [ 4804.171777, 4776.301207, 4874.055739, 4964.542966 ] }, { "date": "2026-06-12", "close": 5020.0, "volume": 30, "typical_volume": 694.85, "trend": 5032.824056, "fair_value": 3835.693006, "relative_strength": -13.078747, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.342368, "energy": 16.533622, "activity_lines": [ 4887.955436, 4816.536373, 4873.793855, 4964.516237 ] }, { "date": "2026-06-19", "close": 5462.0, "volume": 0, "typical_volume": 608.8, "trend": 5051.304769, "fair_value": 3859.917615, "relative_strength": -4.82578, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.095296, "energy": 31.860671, "activity_lines": [ 5111.308561, 4937.071689, 4915.286703, 4992.205008 ] }, { "date": "2026-06-26", "close": 5577.990234, "volume": 15, "typical_volume": 598.6, "trend": 5074.518066, "fair_value": 3884.213488, "relative_strength": -1.717573, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 38.327971, "energy": 55.573099, "activity_lines": [ 5311.635156, 5067.815296, 4968.489548, 5026.184715 ] }, { "date": "2026-07-03", "close": 5551.0, "volume": 0, "typical_volume": 586.15, "trend": 5103.627995, "fair_value": 3908.464397, "relative_strength": -1.418821, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 36.274442, "energy": 64.613674, "activity_lines": [ 5430.197396, 5183.152006, 5020.908552, 5056.925485 ] }, { "date": "2026-07-10", "close": 5060.0, "volume": 1043, "typical_volume": 637.15, "trend": 5104.67736, "fair_value": 3930.413, "relative_strength": -8.603095, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.896109, "energy": 53.27314, "activity_lines": [ 5345.464713, 5192.718155, 5027.377025, 5054.110776 ] }, { "date": "2026-07-17", "close": 4961.009766, "volume": 247, "typical_volume": 644.05, "trend": 5092.365332, "fair_value": 3951.234058, "relative_strength": -9.702896, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 12.956727, "energy": 24.326433, "activity_lines": [ 5221.06862, 5176.279288, 5026.445619, 5044.841899 ] }, { "date": "2026-07-24", "close": 4961.009766, "volume": 0, "typical_volume": 631.4, "trend": 5081.319352, "fair_value": 3971.344437, "relative_strength": -8.538419, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -8.144846, "energy": 8.651423, "activity_lines": [ 5100.605209, 5158.795552, 5027.483473, 5036.367346 ] }, { "date": "2026-07-31", "close": 5600.0, "volume": 970, "typical_volume": 641.3, "trend": 5101.026172, "fair_value": 3995.627738, "relative_strength": 2.849928, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.606573, "energy": 17.951907, "activity_lines": [ 5226.537891, 5249.776243, 5089.325112, 5069.830614 ] }, { "date": "2026-08-07", "close": 5570.0, "volume": 339, "typical_volume": 644.2, "trend": 5104.115072, "fair_value": 4020.218126, "relative_strength": 2.628281, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.789094, "energy": 30.731143, "activity_lines": [ 5341.003255, 5315.056499, 5144.904846, 5100.08699 ] } ], "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." } } }