{ "ticker": { "uuid": "ad0bb237-77c8-4ffc-9dd6-3198e8e2526e", "symbol": "EMR", "name": "Emerson Electric Company", "exchange": "NYSE", "country": "US", "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": "SPY", "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": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 70.109, "architecture_energy": 63.945, "architecture_maturity": 41.058, "architecture_confidence": 81.982, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 30.86, "rotation_up": 65.16, "upward_expansion": 84.36, "deceleration": 48.13, "rotation_down": 19.01, "downward_expansion": 20.36 }, "activity_lines": [ 150.157333, 146.727455, 143.802432, 142.357529 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 158.26, "trend_reference": 142.163731, "distance_from_trend": 0.113223, "trend_direction": "Improving", "fair_value": 117.671455, "distance_from_fair_value": 0.344931, "fair_value_direction": "Improving", "relative_strength": 2.431651, "relative_strength_direction": "Improving", "price_momentum": 0.01357, "excess_performance": -0.112055, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.113223, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.028588, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.344931, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.096306, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.024317, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.093768, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.01357, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.797146, "read": "Demand-led" } ], "volume": { "latest": 20674854, "relative_activity": 1.468686, "balance": 1.797146, "dry_up": 1.094762, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.059861, "annualized_volatility": 0.314767, "from_high_reference": -0.040092, "from_low_reference": 0.295879 }, "levels": { "trend_reference": 142.163731, "fair_value_reference": 117.671455, "structural_low": 122.12557, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 18, "median_return": -0.013074, "positive_rate": 0.388889, "directional_follow_through": 0.388889, "median_excess_return": -0.017107, "regime_survival": 0.5, "best_return": 0.227657, "worst_return": -0.202681, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.045866, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": 0.013346, "regime_survival": 0.111111, "best_return": 0.171801, "worst_return": -0.184129, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.134958, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.030691, "regime_survival": 0.428571, "best_return": 0.155252, "worst_return": -0.131098, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.205083, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.10012, "regime_survival": 0.0, "best_return": 0.243796, "worst_return": 0.002599, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-08", "end": "2025-01-03", "tenure": "Developing", "return": -0.025981, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-02-07", "tenure": "Developing", "return": 0.054519, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-14", "end": "2025-02-28", "tenure": "New", "return": -0.014026, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.056319, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": -0.111573, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.245859, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-11", "tenure": "Developing", "return": 0.115979, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-08-22", "tenure": "Developing", "return": -0.06881, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-12-12", "tenure": "Established", "return": 0.039655, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.123928, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-06", "tenure": "Developing", "return": -0.059599, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-13", "end": "2026-03-27", "tenure": "New", "return": -0.051724, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.111238, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-08-07", "tenure": "Established", "return": 0.124303, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 91.147303, "volume": 11293017, "typical_volume": 14320130.3, "trend": 81.814972, "fair_value": 80.991103, "relative_strength": 2.654431, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.111216, "energy": 82.077653, "activity_lines": [ 89.995859, 88.205828, 84.905173, 83.279539 ] }, { "date": "2023-08-25", "close": 92.907638, "volume": 12313355, "typical_volume": 14424946.5, "trend": 82.125423, "fair_value": 81.184492, "relative_strength": 3.676063, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.937059, "energy": 86.999626, "activity_lines": [ 91.291467, 89.339474, 85.877758, 83.995195 ] }, { "date": "2023-09-01", "close": 94.1256, "volume": 12060731, "typical_volume": 13766941.65, "trend": 82.415404, "fair_value": 81.392007, "relative_strength": 2.309968, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.150146, "energy": 90.175072, "activity_lines": [ 92.555102, 90.509394, 86.896954, 84.7694 ] }, { "date": "2023-09-08", "close": 94.154146, "volume": 10560515, "typical_volume": 13278728.3, "trend": 82.878952, "fair_value": 81.608927, "relative_strength": 3.501725, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.153703, "energy": 86.907614, "activity_lines": [ 93.292692, 91.464624, 87.857385, 85.526738 ] }, { "date": "2023-09-15", "close": 94.068508, "volume": 18790522, "typical_volume": 13446798.65, "trend": 83.336267, "fair_value": 81.825697, "relative_strength": 3.339087, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.150927, "energy": 84.717219, "activity_lines": [ 93.753234, 92.247723, 88.744638, 86.248645 ] }, { "date": "2023-09-22", "close": 92.393811, "volume": 10331179, "typical_volume": 12928429.3, "trend": 83.839951, "fair_value": 82.051768, "relative_strength": 4.307077, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.936263, "energy": 62.695078, "activity_lines": [ 93.457624, 92.546378, 89.397303, 86.833002 ] }, { "date": "2023-09-29", "close": 91.889499, "volume": 10592118, "typical_volume": 12920803.25, "trend": 84.221497, "fair_value": 82.267719, "relative_strength": 4.242656, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.601956, "energy": 54.894967, "activity_lines": [ 92.91081, 92.658036, 89.939925, 87.352328 ] }, { "date": "2023-10-06", "close": 90.433654, "volume": 13618282, "typical_volume": 12933235.15, "trend": 84.660156, "fair_value": 82.449234, "relative_strength": 2.023124, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.03496, "energy": 40.351653, "activity_lines": [ 91.946591, 92.404063, 90.278209, 87.753112 ] }, { "date": "2023-10-13", "close": 90.167225, "volume": 11502953, "typical_volume": 12829680.8, "trend": 85.131625, "fair_value": 82.627163, "relative_strength": 1.23731, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.259548, "energy": 28.189694, "activity_lines": [ 91.139691, 92.022713, 90.532229, 88.108407 ] }, { "date": "2023-10-20", "close": 87.036683, "volume": 15750313, "typical_volume": 12810724.25, "trend": 85.434481, "fair_value": 82.786504, "relative_strength": 0.143696, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.295757, "energy": 21.704682, "activity_lines": [ 89.555072, 91.07689, 90.417052, 88.231314 ] }, { "date": "2023-10-27", "close": 83.763411, "volume": 15722733, "typical_volume": 12919004.55, "trend": 85.495003, "fair_value": 82.954634, "relative_strength": -1.080823, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.857201, "energy": 27.592484, "activity_lines": [ 87.348151, 89.6098, 89.948863, 88.123503 ] }, { "date": "2023-11-03", "close": 87.512449, "volume": 18047602, "typical_volume": 12990402.9, "trend": 85.800866, "fair_value": 83.116455, "relative_strength": -2.159365, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.588522, "energy": 25.109414, "activity_lines": [ 86.966269, 88.958606, 89.818306, 88.253661 ] }, { "date": "2023-11-10", "close": 82.307566, "volume": 26445315, "typical_volume": 13663552.1, "trend": 85.83731, "fair_value": 83.209586, "relative_strength": -8.868955, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -39.100568, "energy": 42.322556, "activity_lines": [ 85.14123, 87.459163, 89.169239, 88.028287 ] }, { "date": "2023-11-17", "close": 85.452971, "volume": 16256130, "typical_volume": 13796245.45, "trend": 86.002425, "fair_value": 83.32202, "relative_strength": -7.217337, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.279323, "energy": 40.449894, "activity_lines": [ 84.906398, 86.746486, 88.818423, 88.003491 ] }, { "date": "2023-11-24", "close": 84.725467, "volume": 9101196, "typical_volume": 13899587.55, "trend": 86.216642, "fair_value": 83.417182, "relative_strength": -8.567503, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.073847, "energy": 41.252042, "activity_lines": [ 84.743348, 86.059739, 88.398751, 87.921106 ] }, { "date": "2023-12-01", "close": 86.266626, "volume": 15057080, "typical_volume": 13982914.45, "trend": 86.446496, "fair_value": 83.511105, "relative_strength": -7.34078, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.051436, "energy": 26.80035, "activity_lines": [ 85.248099, 85.823076, 88.123216, 87.924331 ] }, { "date": "2023-12-08", "close": 85.720999, "volume": 16531424, "typical_volume": 14350767.35, "trend": 86.700687, "fair_value": 83.588233, "relative_strength": -7.786983, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.111171, "energy": 20.605041, "activity_lines": [ 85.404094, 85.598611, 87.799934, 87.877525 ] }, { "date": "2023-12-15", "close": 91.560173, "volume": 19629322, "typical_volume": 14806361.6, "trend": 87.150463, "fair_value": 83.711504, "relative_strength": -3.445577, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 13.679438, "energy": 12.029323, "activity_lines": [ 87.62591, 86.547969, 88.035702, 88.19104 ] }, { "date": "2023-12-22", "close": 92.316394, "volume": 9270814, "typical_volume": 14131691.65, "trend": 87.719453, "fair_value": 83.844895, "relative_strength": -3.149834, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.686137, "energy": 24.724249, "activity_lines": [ 89.482959, 87.614339, 88.317454, 88.524326 ] }, { "date": "2023-12-29", "close": 93.168339, "volume": 6356501, "typical_volume": 13961555.1, "trend": 88.21274, "fair_value": 83.981512, "relative_strength": -2.201438, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 55.254978, "energy": 42.064054, "activity_lines": [ 91.166428, 88.796533, 88.671344, 88.875867 ] }, { "date": "2024-01-05", "close": 91.38787, "volume": 8203099, "typical_volume": 13807059.2, "trend": 88.602829, "fair_value": 84.098405, "relative_strength": -2.140039, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 47.330435, "energy": 45.867353, "activity_lines": [ 91.693549, 89.54352, 88.845815, 89.080714 ] }, { "date": "2024-01-12", "close": 90.813525, "volume": 9728134, "typical_volume": 13677798.15, "trend": 88.872511, "fair_value": 84.206287, "relative_strength": -4.14785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.497201, "energy": 51.019114, "activity_lines": [ 91.687806, 90.047454, 88.964441, 89.223339 ] }, { "date": "2024-01-19", "close": 90.851814, "volume": 12855756, "typical_volume": 13717549.4, "trend": 89.166497, "fair_value": 84.308798, "relative_strength": -5.056669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 26.771489, "energy": 34.182174, "activity_lines": [ 91.355323, 90.498331, 89.096686, 89.351036 ] }, { "date": "2024-01-26", "close": 90.995401, "volume": 11779201, "typical_volume": 13778483.7, "trend": 89.348234, "fair_value": 84.437331, "relative_strength": -5.672237, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": 22.641988, "energy": 19.67726, "activity_lines": [ 91.117928, 90.819964, 89.258195, 89.46903 ] }, { "date": "2024-02-02", "close": 89.961579, "volume": 14879307, "typical_volume": 13582922.95, "trend": 89.541252, "fair_value": 84.520495, "relative_strength": -7.799026, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 0.372606, "energy": 6.955364, "activity_lines": [ 90.623991, 90.852859, 89.336286, 89.508601 ] }, { "date": "2024-02-09", "close": 98.787348, "volume": 23064991, "typical_volume": 14219613.55, "trend": 89.929093, "fair_value": 84.661804, "relative_strength": -0.112249, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.946458, "energy": 54.110141, "activity_lines": [ 93.285761, 92.395236, 90.274484, 90.105123 ] }, { "date": "2024-02-16", "close": 102.115855, "volume": 20324041, "typical_volume": 14706209.7, "trend": 90.455013, "fair_value": 84.823759, "relative_strength": 3.561092, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.219886, "energy": 83.051118, "activity_lines": [ 96.563735, 94.315147, 91.499236, 90.891366 ] }, { "date": "2024-02-23", "close": 101.884976, "volume": 8838600, "typical_volume": 14467225.6, "trend": 90.981439, "fair_value": 84.981639, "relative_strength": 1.603738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.946717, "energy": 88.577534, "activity_lines": [ 99.01126, 95.894992, 92.653304, 91.628783 ] }, { "date": "2024-03-01", "close": 104.030227, "volume": 15243864, "typical_volume": 14654271.15, "trend": 91.434893, "fair_value": 85.123637, "relative_strength": 2.723853, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.664343, "energy": 92.709653, "activity_lines": [ 101.438325, 97.677159, 93.957151, 92.47064 ] }, { "date": "2024-03-08", "close": 105.963838, "volume": 13419464, "typical_volume": 14537728.7, "trend": 91.930363, "fair_value": 85.271343, "relative_strength": 4.825749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.721883, "energy": 92.782064, "activity_lines": [ 103.640939, 99.597912, 95.379137, 93.407991 ] }, { "date": "2024-03-15", "close": 106.387117, "volume": 14627078, "typical_volume": 14482945.95, "trend": 92.438357, "fair_value": 85.443151, "relative_strength": 5.193968, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.408289, "energy": 91.986298, "activity_lines": [ 104.917828, 101.36298, 96.751306, 94.340685 ] }, { "date": "2024-03-22", "close": 108.176429, "volume": 11701165, "typical_volume": 14165624.1, "trend": 92.947317, "fair_value": 85.608672, "relative_strength": 4.549663, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.723068, "energy": 92.407392, "activity_lines": [ 106.284504, 103.180664, 98.186154, 95.356045 ] }, { "date": "2024-03-29", "close": 109.109565, "volume": 7508627, "typical_volume": 13218789.7, "trend": 93.446782, "fair_value": 85.786863, "relative_strength": 5.020498, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.44365, "energy": 90.047627, "activity_lines": [ 107.558186, 104.85232, 99.611472, 96.39877 ] }, { "date": "2024-04-05", "close": 110.187, "volume": 9384633, "typical_volume": 12875214.85, "trend": 93.981211, "fair_value": 85.963139, "relative_strength": 6.817436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.982122, "energy": 86.589844, "activity_lines": [ 108.709375, 106.387914, 101.011774, 97.478784 ] }, { "date": "2024-04-12", "close": 108.368828, "volume": 9283661, "typical_volume": 12884338.1, "trend": 94.457888, "fair_value": 86.126261, "relative_strength": 6.486423, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.589787, "energy": 66.654948, "activity_lines": [ 108.844054, 107.243993, 102.121136, 98.407018 ] }, { "date": "2024-04-19", "close": 104.453505, "volume": 10138014, "typical_volume": 12638384.8, "trend": 94.859878, "fair_value": 86.262787, "relative_strength": 5.760606, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.279904, "energy": 61.150303, "activity_lines": [ 107.513293, 107.053517, 102.745023, 99.051896 ] }, { "date": "2024-04-26", "close": 105.71372, "volume": 9412397, "typical_volume": 12282433.45, "trend": 95.320685, "fair_value": 86.418748, "relative_strength": 4.107183, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.049028, "energy": 48.470109, "activity_lines": [ 106.731511, 106.989151, 103.402326, 99.752144 ] }, { "date": "2024-05-03", "close": 102.491034, "volume": 19706183, "typical_volume": 12286276.5, "trend": 95.722598, "fair_value": 86.527761, "relative_strength": 0.284163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.683532, "energy": 31.030514, "activity_lines": [ 105.039681, 106.273426, 103.657503, 100.214747 ] }, { "date": "2024-05-10", "close": 111.158616, "volume": 27944905, "typical_volume": 13219981.05, "trend": 96.422311, "fair_value": 86.684836, "relative_strength": 6.556385, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.455599, "energy": 41.21457, "activity_lines": [ 106.678281, 107.122606, 104.686112, 101.21062 ] }, { "date": "2024-05-17", "close": 109.095403, "volume": 8868502, "typical_volume": 13345581.1, "trend": 97.157601, "fair_value": 86.841377, "relative_strength": 2.711735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.111192, "energy": 46.402161, "activity_lines": [ 107.564368, 107.46705, 105.4285, 102.028238 ] }, { "date": "2024-05-24", "close": 109.617299, "volume": 10128989, "typical_volume": 13441875.6, "trend": 98.019398, "fair_value": 86.989441, "relative_strength": 2.955508, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.874301, "energy": 49.790471, "activity_lines": [ 108.575983, 107.849445, 106.144749, 102.83209 ] }, { "date": "2024-05-31", "close": 108.399543, "volume": 10458806, "typical_volume": 13478409.2, "trend": 98.715634, "fair_value": 87.115092, "relative_strength": 2.018819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.580447, "energy": 50.363732, "activity_lines": [ 108.837426, 107.951701, 106.658215, 103.501777 ] }, { "date": "2024-06-07", "close": 104.359689, "volume": 13472584, "typical_volume": 13509250.6, "trend": 99.450705, "fair_value": 87.221687, "relative_strength": -3.072659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.64356, "energy": 35.691568, "activity_lines": [ 107.573196, 107.31538, 106.70319, 103.865909 ] }, { "date": "2024-06-14", "close": 102.890651, "volume": 9242607, "typical_volume": 13382420.9, "trend": 100.031961, "fair_value": 87.346453, "relative_strength": -5.974784, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.582497, "energy": 11.703941, "activity_lines": [ 105.694709, 106.498323, 106.543933, 104.087841 ] }, { "date": "2024-06-21", "close": 104.775272, "volume": 9109448, "typical_volume": 13093927.95, "trend": 100.700288, "fair_value": 87.461681, "relative_strength": -4.867698, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.110504, "energy": 15.976742, "activity_lines": [ 104.995628, 106.156586, 106.50752, 104.393861 ] }, { "date": "2024-06-28", "close": 106.466599, "volume": 14788316, "typical_volume": 12680094.2, "trend": 101.37362, "fair_value": 87.579404, "relative_strength": -3.279964, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.689607, "energy": 15.543927, "activity_lines": [ 105.14833, 106.187699, 106.561644, 104.765881 ] }, { "date": "2024-07-05", "close": 105.790068, "volume": 7440659, "typical_volume": 12035925.1, "trend": 102.042589, "fair_value": 87.691806, "relative_strength": -5.665172, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 14.248843, "energy": 11.915841, "activity_lines": [ 105.28557, 106.059206, 106.514768, 105.050813 ] }, { "date": "2024-07-12", "close": 110.748071, "volume": 8974346, "typical_volume": 12042712.4, "trend": 102.682186, "fair_value": 87.838019, "relative_strength": -2.197365, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.424, "energy": 25.758568, "activity_lines": [ 107.249441, 106.830779, 106.922588, 105.612457 ] }, { "date": "2024-07-19", "close": 111.801526, "volume": 15831263, "typical_volume": 12072082.35, "trend": 103.33169, "fair_value": 87.983913, "relative_strength": 0.615303, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.567218, "energy": 44.650995, "activity_lines": [ 109.138573, 107.643762, 107.388531, 106.200802 ] }, { "date": "2024-07-26", "close": 112.922634, "volume": 9594785, "typical_volume": 11880848.4, "trend": 103.990167, "fair_value": 88.123026, "relative_strength": 2.314671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.044378, "energy": 59.462801, "activity_lines": [ 110.807348, 108.648893, 107.92424, 106.819573 ] }, { "date": "2024-08-02", "close": 105.54845, "volume": 12692685, "typical_volume": 11784128.75, "trend": 104.462186, "fair_value": 88.21168, "relative_strength": -2.229382, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.381171, "energy": 38.247472, "activity_lines": [ 109.474905, 108.243678, 107.724509, 106.920107 ] }, { "date": "2024-08-09", "close": 100.213522, "volume": 22221100, "typical_volume": 12310125.5, "trend": 104.775519, "fair_value": 88.249889, "relative_strength": -7.016732, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -3.38947, "energy": 2.818275, "activity_lines": [ 106.425362, 106.942454, 107.020683, 106.646 ] }, { "date": "2024-08-16", "close": 100.141037, "volume": 15788485, "typical_volume": 12724118.4, "trend": 105.08516, "fair_value": 88.299515, "relative_strength": -10.392783, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.932518, "energy": 24.714454, "activity_lines": [ 103.723428, 105.776889, 106.347872, 106.347001 ] }, { "date": "2024-08-23", "close": 101.646698, "volume": 11718759, "typical_volume": 12840824.7, "trend": 105.440203, "fair_value": 88.340912, "relative_strength": -10.024895, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.469275, "energy": 35.071806, "activity_lines": [ 102.230516, 104.961782, 105.861165, 106.125164 ] }, { "date": "2024-08-30", "close": 102.375244, "volume": 12204600, "typical_volume": 12986871.65, "trend": 105.853992, "fair_value": 88.383427, "relative_strength": -9.369619, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.208671, "energy": 49.72955, "activity_lines": [ 101.657441, 104.301756, 105.484511, 105.927425 ] }, { "date": "2024-09-06", "close": 95.381205, "volume": 13113865, "typical_volume": 13135664.2, "trend": 105.740454, "fair_value": 88.411918, "relative_strength": -11.596581, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.282134, "energy": 75.612652, "activity_lines": [ 99.456179, 102.413724, 104.470299, 105.251761 ] }, { "date": "2024-09-13", "close": 99.111359, "volume": 14068826, "typical_volume": 13368485.65, "trend": 105.640304, "fair_value": 88.485461, "relative_strength": -11.353284, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.241952, "energy": 63.655524, "activity_lines": [ 99.176119, 101.405453, 103.854541, 104.824078 ] }, { "date": "2024-09-20", "close": 102.151823, "volume": 18491309, "typical_volume": 13307741.95, "trend": 105.649199, "fair_value": 88.579367, "relative_strength": -9.584458, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.279171, "energy": 45.245981, "activity_lines": [ 99.983023, 101.071426, 103.559792, 104.599015 ] }, { "date": "2024-09-27", "close": 106.095684, "volume": 15392103, "typical_volume": 12680101.85, "trend": 105.718048, "fair_value": 88.705253, "relative_strength": -6.330946, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.922646, "energy": 24.359959, "activity_lines": [ 101.970496, 101.610759, 103.642263, 104.62782 ] }, { "date": "2024-10-04", "close": 108.252179, "volume": 14220901, "typical_volume": 12947721.8, "trend": 105.794326, "fair_value": 88.836342, "relative_strength": -4.452119, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.786981, "energy": 13.742645, "activity_lines": [ 104.380202, 102.645925, 103.954224, 104.791312 ] }, { "date": "2024-10-11", "close": 108.854443, "volume": 10636962, "typical_volume": 12973120.45, "trend": 105.87657, "fair_value": 88.976593, "relative_strength": -4.792604, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.879604, "energy": 21.979199, "activity_lines": [ 106.598866, 103.875511, 104.327559, 104.988739 ] }, { "date": "2024-10-18", "close": 107.280785, "volume": 9667834, "typical_volume": 12933571.85, "trend": 105.846715, "fair_value": 89.101455, "relative_strength": -6.737348, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.514026, "energy": 25.689613, "activity_lines": [ 107.394762, 104.758869, 104.554654, 105.079334 ] }, { "date": "2024-10-25", "close": 105.036864, "volume": 10727555, "typical_volume": 12796320.4, "trend": 105.710958, "fair_value": 89.209779, "relative_strength": -7.584072, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.556504, "energy": 22.416253, "activity_lines": [ 106.898055, 105.105745, 104.57337, 105.027085 ] }, { "date": "2024-11-01", "close": 105.357424, "volume": 11426953, "typical_volume": 12905537.7, "trend": 105.549972, "fair_value": 89.3148, "relative_strength": -5.822984, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.717925, "energy": 17.172848, "activity_lines": [ 106.315866, 105.421889, 104.619391, 105.004277 ] }, { "date": "2024-11-08", "close": 123.619637, "volume": 24087674, "typical_volume": 13654449.0, "trend": 106.058333, "fair_value": 89.536844, "relative_strength": 5.306919, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.423396, "energy": 74.048447, "activity_lines": [ 111.870299, 108.990969, 106.392923, 106.170062 ] }, { "date": "2024-11-15", "close": 123.665778, "volume": 15716663, "typical_volume": 13700866.35, "trend": 106.698742, "fair_value": 89.783073, "relative_strength": 7.383699, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.19305, "energy": 86.681687, "activity_lines": [ 116.415615, 112.182175, 108.081115, 107.306026 ] }, { "date": "2024-11-22", "close": 126.874962, "volume": 13428685, "typical_volume": 14000267.65, "trend": 107.404117, "fair_value": 90.067614, "relative_strength": 8.106282, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.226958, "energy": 94.043702, "activity_lines": [ 121.043236, 115.442605, 109.993043, 108.607717 ] }, { "date": "2024-11-29", "close": 129.342815, "volume": 12395974, "typical_volume": 14171349.05, "trend": 108.299176, "fair_value": 90.36815, "relative_strength": 8.664735, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.283548, "energy": 93.77561, "activity_lines": [ 125.187197, 118.646943, 112.0396, 110.023117 ] }, { "date": "2024-12-06", "close": 127.762609, "volume": 13652904, "typical_volume": 14062431.1, "trend": 108.852642, "fair_value": 90.645032, "relative_strength": 6.186971, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.021655, "energy": 89.367093, "activity_lines": [ 127.184026, 121.069589, 113.847115, 111.278823 ] }, { "date": "2024-12-13", "close": 127.001769, "volume": 13411723, "typical_volume": 14253278.0, "trend": 109.449521, "fair_value": 90.928161, "relative_strength": 6.046901, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.165754, "energy": 87.801101, "activity_lines": [ 127.433562, 122.959956, 115.506163, 112.449734 ] }, { "date": "2024-12-20", "close": 121.041855, "volume": 24747075, "typical_volume": 14855997.5, "trend": 109.83034, "fair_value": 91.169631, "relative_strength": 2.887742, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.353575, "energy": 64.042531, "activity_lines": [ 125.470985, 123.425801, 116.530558, 113.197627 ] }, { "date": "2024-12-27", "close": 122.622061, "volume": 6685874, "typical_volume": 14079236.2, "trend": 110.304424, "fair_value": 91.411335, "relative_strength": 3.479215, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.358328, "energy": 54.60606, "activity_lines": [ 124.210071, 123.957366, 117.63167, 114.022899 ] }, { "date": "2025-01-03", "close": 120.407822, "volume": 8251570, "typical_volume": 13702390.45, "trend": 110.839362, "fair_value": 91.622921, "relative_strength": 2.080719, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.404619, "energy": 39.19074, "activity_lines": [ 122.494604, 123.807411, 118.415195, 114.674731 ] }, { "date": "2025-01-10", "close": 115.042923, "volume": 11231947, "typical_volume": 13678049.85, "trend": 111.244437, "fair_value": 91.789694, "relative_strength": -0.592275, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.990479, "energy": 28.32568, "activity_lines": [ 119.586504, 122.402547, 118.591268, 114.945929 ] }, { "date": "2025-01-17", "close": 121.471047, "volume": 13847114, "typical_volume": 13760175.55, "trend": 111.800963, "fair_value": 92.022673, "relative_strength": 1.837285, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.41928, "energy": 23.917117, "activity_lines": [ 119.669091, 121.990333, 119.315752, 115.60571 ] }, { "date": "2025-01-24", "close": 127.391943, "volume": 14097959, "typical_volume": 13809380.25, "trend": 112.498475, "fair_value": 92.308186, "relative_strength": 4.769529, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.745909, "energy": 30.098098, "activity_lines": [ 122.094025, 122.693711, 120.513199, 116.611579 ] }, { "date": "2025-01-31", "close": 126.75791, "volume": 17259287, "typical_volume": 13968903.3, "trend": 113.197403, "fair_value": 92.562292, "relative_strength": 5.047622, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.89071, "energy": 37.859292, "activity_lines": [ 123.884275, 123.214062, 121.49783, 117.531543 ] }, { "date": "2025-02-07", "close": 121.314977, "volume": 18819690, "typical_volume": 13985322.35, "trend": 113.549633, "fair_value": 92.782306, "relative_strength": 0.690377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.907472, "energy": 40.852224, "activity_lines": [ 123.584491, 122.746917, 121.832436, 118.055258 ] }, { "date": "2025-02-14", "close": 120.82482, "volume": 10546814, "typical_volume": 13743057.9, "trend": 113.850409, "fair_value": 93.010773, "relative_strength": -1.101031, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.789496, "energy": 37.619859, "activity_lines": [ 123.060845, 122.336613, 122.029107, 118.524624 ] }, { "date": "2025-02-21", "close": 119.365205, "volume": 7850677, "typical_volume": 13424546.7, "trend": 114.065162, "fair_value": 93.229589, "relative_strength": -0.665969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.388167, "energy": 17.656238, "activity_lines": [ 121.6652, 121.787066, 122.016628, 118.880418 ] }, { "date": "2025-02-28", "close": 119.130099, "volume": 12627544, "typical_volume": 13524075.8, "trend": 114.517883, "fair_value": 93.454197, "relative_strength": 0.147046, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.676383, "energy": 15.145202, "activity_lines": [ 120.331576, 121.333619, 121.928839, 119.207188 ] }, { "date": "2025-03-07", "close": 116.191276, "volume": 17109491, "typical_volume": 13896158.65, "trend": 115.050475, "fair_value": 93.651609, "relative_strength": 0.850723, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.626999, "energy": 12.543696, "activity_lines": [ 118.569134, 120.3806, 121.51223, 119.315149 ] }, { "date": "2025-03-14", "close": 109.647496, "volume": 16821632, "typical_volume": 14200862.5, "trend": 115.367357, "fair_value": 93.783528, "relative_strength": -2.463436, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -36.597913, "energy": 33.664859, "activity_lines": [ 115.329874, 118.354727, 120.429974, 118.966569 ] }, { "date": "2025-03-21", "close": 110.803433, "volume": 22239702, "typical_volume": 14741499.95, "trend": 115.672582, "fair_value": 93.91397, "relative_strength": -1.805189, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.983856, "energy": 52.862163, "activity_lines": [ 113.253759, 116.734665, 119.435851, 118.672123 ] }, { "date": "2025-03-28", "close": 106.424586, "volume": 12229055, "typical_volume": 14148569.0, "trend": 115.80756, "fair_value": 94.016871, "relative_strength": -4.09184, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.805632, "energy": 66.685751, "activity_lines": [ 110.38612, 114.395532, 117.998762, 118.075478 ] }, { "date": "2025-04-04", "close": 92.641505, "volume": 17446651, "typical_volume": 14235068.4, "trend": 115.716236, "fair_value": 94.054081, "relative_strength": -7.905858, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -65.779019, "energy": 80.329615, "activity_lines": [ 103.786829, 109.823956, 115.33088, 116.580894 ] }, { "date": "2025-04-11", "close": 98.440783, "volume": 23922059, "typical_volume": 14759737.1, "trend": 115.693884, "fair_value": 94.138531, "relative_strength": -7.120295, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -75.054292, "energy": 84.11867, "activity_lines": [ 100.886537, 106.93862, 113.363044, 115.466348 ] }, { "date": "2025-04-18", "close": 97.539544, "volume": 11700407, "typical_volume": 14724958.75, "trend": 115.540141, "fair_value": 94.212848, "relative_strength": -6.397246, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.593375, "energy": 85.625484, "activity_lines": [ 98.869198, 104.404279, 111.444777, 114.295101 ] }, { "date": "2025-04-25", "close": 103.133104, "volume": 14756279, "typical_volume": 14780127.5, "trend": 115.441388, "fair_value": 94.343152, "relative_strength": -5.169511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.1707, "energy": 76.849243, "activity_lines": [ 99.523576, 103.31923, 110.210675, 113.494647 ] }, { "date": "2025-05-02", "close": 106.111112, "volume": 13411274, "typical_volume": 14780105.05, "trend": 115.37002, "fair_value": 94.505318, "relative_strength": -5.060496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.958929, "energy": 48.646976, "activity_lines": [ 101.681979, 103.097304, 109.377475, 112.892693 ] }, { "date": "2025-05-09", "close": 110.254853, "volume": 18105452, "typical_volume": 14448023.9, "trend": 115.4167, "fair_value": 94.716468, "relative_strength": -0.729017, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.248687, "energy": 30.382312, "activity_lines": [ 105.242526, 103.869769, 109.038397, 112.562682 ] }, { "date": "2025-05-16", "close": 118.667234, "volume": 16486610, "typical_volume": 14938060.7, "trend": 115.796248, "fair_value": 94.98178, "relative_strength": 1.564992, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.672198, "energy": 20.256039, "activity_lines": [ 110.432978, 106.333127, 109.551864, 112.772394 ] }, { "date": "2025-05-23", "close": 116.33541, "volume": 15155649, "typical_volume": 15283264.65, "trend": 116.172866, "fair_value": 95.203953, "relative_strength": 2.251584, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.124026, "energy": 23.396239, "activity_lines": [ 113.497725, 108.327498, 109.862086, 112.807179 ] }, { "date": "2025-05-30", "close": 117.457047, "volume": 11012098, "typical_volume": 15272272.2, "trend": 116.576187, "fair_value": 95.422181, "relative_strength": 1.524946, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 1.776614, "energy": 22.459699, "activity_lines": [ 115.683293, 110.404206, 110.298522, 112.890029 ] }, { "date": "2025-06-06", "close": 121.520522, "volume": 12702287, "typical_volume": 15215030.85, "trend": 116.506217, "fair_value": 95.685528, "relative_strength": 3.278179, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 29.956323, "energy": 35.919057, "activity_lines": [ 118.268423, 113.098752, 111.110461, 113.209019 ] }, { "date": "2025-06-13", "close": 123.517823, "volume": 17081145, "typical_volume": 15364190.15, "trend": 116.501285, "fair_value": 96.011488, "relative_strength": 5.198157, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.715102, "energy": 49.947581, "activity_lines": [ 120.492027, 115.881972, 112.112383, 113.66138 ] }, { "date": "2025-06-20", "close": 126.262882, "volume": 13851363, "typical_volume": 15193793.95, "trend": 116.480882, "fair_value": 96.335026, "relative_strength": 7.524042, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.225456, "energy": 58.82968, "activity_lines": [ 122.746451, 118.602907, 113.394187, 114.291161 ] }, { "date": "2025-06-27", "close": 131.02492, "volume": 14520125, "typical_volume": 14978815.7, "trend": 116.536952, "fair_value": 96.698981, "relative_strength": 7.678514, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 43.985335, "energy": 66.074356, "activity_lines": [ 126.081846, 121.68381, 115.131876, 115.229486 ] }, { "date": "2025-07-04", "close": 137.508769, "volume": 9353243, "typical_volume": 14919137.15, "trend": 116.861824, "fair_value": 97.102663, "relative_strength": 10.833679, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 61.10886, "energy": 81.144415, "activity_lines": [ 130.599223, 125.334769, 117.440837, 116.582506 ] }, { "date": "2025-07-11", "close": 137.843293, "volume": 15398534, "typical_volume": 15296530.0, "trend": 117.223208, "fair_value": 97.514826, "relative_strength": 11.185446, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 83.232482, "energy": 92.781384, "activity_lines": [ 133.891326, 128.421539, 119.702209, 117.936149 ] }, { "date": "2025-07-18", "close": 141.906767, "volume": 12514443, "typical_volume": 15290874.95, "trend": 117.918706, "fair_value": 97.932308, "relative_strength": 13.521873, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.560266, "energy": 93.579687, "activity_lines": [ 137.449736, 131.670174, 122.262588, 119.528637 ] }, { "date": "2025-07-25", "close": 147.219785, "volume": 13286090, "typical_volume": 15099704.9, "trend": 118.73863, "fair_value": 98.342567, "relative_strength": 15.776571, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.46084, "energy": 95.352897, "activity_lines": [ 141.553222, 135.309323, 125.220509, 121.419029 ] }, { "date": "2025-08-01", "close": 139.496232, "volume": 18412581, "typical_volume": 15179252.35, "trend": 119.37491, "fair_value": 98.70142, "relative_strength": 12.158718, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.941535, "energy": 86.711056, "activity_lines": [ 141.685064, 137.025052, 127.295098, 122.758229 ] }, { "date": "2025-08-08", "close": 130.601846, "volume": 30394571, "typical_volume": 15586995.8, "trend": 119.893541, "fair_value": 99.007077, "relative_strength": 2.315871, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.535699, "energy": 60.556677, "activity_lines": [ 138.287356, 136.702514, 128.380467, 123.482548 ] }, { "date": "2025-08-15", "close": 130.146796, "volume": 15757029, "typical_volume": 15763394.5, "trend": 120.182732, "fair_value": 99.313034, "relative_strength": 0.780084, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.56607, "energy": 46.557136, "activity_lines": [ 135.198426, 136.058244, 129.328219, 124.144048 ] }, { "date": "2025-08-22", "close": 132.142216, "volume": 13238138, "typical_volume": 15552968.85, "trend": 120.341075, "fair_value": 99.655732, "relative_strength": 1.817003, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.083403, "energy": 29.369532, "activity_lines": [ 133.287737, 135.619936, 130.353048, 124.915628 ] }, { "date": "2025-08-29", "close": 130.393754, "volume": 13858492, "typical_volume": 15049790.5, "trend": 120.46227, "fair_value": 100.004558, "relative_strength": 0.335016, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.276157, "energy": 30.740889, "activity_lines": [ 131.445196, 134.706918, 131.023258, 125.564188 ] }, { "date": "2025-09-05", "close": 130.937061, "volume": 10994755, "typical_volume": 15014507.9, "trend": 120.783006, "fair_value": 100.339233, "relative_strength": 0.186546, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.838965, "energy": 26.26337, "activity_lines": [ 130.905494, 133.817577, 131.593055, 126.239981 ] }, { "date": "2025-09-12", "close": 133.456032, "volume": 10742698, "typical_volume": 14813828.85, "trend": 121.204046, "fair_value": 100.728779, "relative_strength": 0.300602, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.507269, "energy": 20.910162, "activity_lines": [ 131.77606, 133.387828, 132.243717, 127.057595 ] }, { "date": "2025-09-19", "close": 130.729617, "volume": 19996025, "typical_volume": 15143066.4, "trend": 121.58286, "fair_value": 101.126882, "relative_strength": -3.085391, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.154775, "energy": 17.703182, "activity_lines": [ 131.547541, 132.536053, 132.490327, 127.672148 ] }, { "date": "2025-09-26", "close": 127.035127, "volume": 18077641, "typical_volume": 15141675.85, "trend": 121.846361, "fair_value": 101.504997, "relative_strength": -5.592874, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.148438, "energy": 11.887037, "activity_lines": [ 130.048672, 131.141892, 132.267849, 128.023907 ] }, { "date": "2025-10-03", "close": 133.120169, "volume": 13670775, "typical_volume": 15000884.1, "trend": 122.410657, "fair_value": 101.894654, "relative_strength": -2.234444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.637909, "energy": 13.455423, "activity_lines": [ 130.918622, 131.124496, 132.544993, 128.75125 ] }, { "date": "2025-10-10", "close": 124.476644, "volume": 11106765, "typical_volume": 14798439.9, "trend": 122.904962, "fair_value": 102.22658, "relative_strength": -6.320577, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.056692, "energy": 8.907753, "activity_lines": [ 128.725636, 129.791907, 131.930121, 128.884539 ] }, { "date": "2025-10-17", "close": 127.706852, "volume": 11049260, "typical_volume": 14800298.0, "trend": 123.468409, "fair_value": 102.549782, "relative_strength": -5.592166, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.662278, "energy": 13.264294, "activity_lines": [ 128.040081, 129.319712, 131.58412, 129.194339 ] }, { "date": "2025-10-24", "close": 131.065479, "volume": 8558477, "typical_volume": 14593107.5, "trend": 124.289773, "fair_value": 102.869254, "relative_strength": -5.038179, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.943273, "energy": 9.025849, "activity_lines": [ 128.857347, 129.510812, 131.509179, 129.684472 ] }, { "date": "2025-10-31", "close": 137.871638, "volume": 16005208, "typical_volume": 14539310.65, "trend": 125.797444, "fair_value": 103.222287, "relative_strength": -0.955306, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.512987, "energy": 19.656948, "activity_lines": [ 131.920941, 130.922693, 132.036992, 130.560722 ] }, { "date": "2025-11-07", "close": 127.914297, "volume": 20266952, "typical_volume": 14860090.1, "trend": 126.779894, "fair_value": 103.470379, "relative_strength": -6.426411, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.846544, "energy": 12.611247, "activity_lines": [ 130.942988, 130.419976, 131.548135, 130.697293 ] }, { "date": "2025-11-14", "close": 126.575785, "volume": 11066379, "typical_volume": 14687402.8, "trend": 127.747769, "fair_value": 103.720317, "relative_strength": -7.316498, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.348072, "energy": 8.872295, "activity_lines": [ 129.865922, 129.718975, 130.923937, 130.684124 ] }, { "date": "2025-11-21", "close": 127.210748, "volume": 14010421, "typical_volume": 14920261.7, "trend": 128.550357, "fair_value": 103.959825, "relative_strength": -4.824682, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.487393, "energy": 4.281028, "activity_lines": [ 128.860568, 129.212718, 130.381398, 130.649478 ] }, { "date": "2025-11-28", "close": 132.330132, "volume": 7960571, "typical_volume": 14548363.55, "trend": 129.424324, "fair_value": 104.227656, "relative_strength": -4.309324, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.663719, "energy": 9.165805, "activity_lines": [ 129.594749, 129.750808, 130.375457, 130.893334 ] }, { "date": "2025-12-05", "close": 136.308568, "volume": 10830694, "typical_volume": 14464176.1, "trend": 130.292781, "fair_value": 104.537047, "relative_strength": -1.632591, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.18191, "energy": 16.771301, "activity_lines": [ 131.570765, 130.98315, 130.774669, 131.337479 ] }, { "date": "2025-12-12", "close": 135.564472, "volume": 11335437, "typical_volume": 14366643.45, "trend": 130.856023, "fair_value": 104.837056, "relative_strength": -1.475354, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 40.043299, "energy": 28.745129, "activity_lines": [ 133.402954, 131.911594, 131.129672, 131.677588 ] }, { "date": "2025-12-19", "close": 131.933281, "volume": 17280352, "typical_volume": 14310032.0, "trend": 131.375952, "fair_value": 105.110311, "relative_strength": -4.108877, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.955456, "energy": 20.69325, "activity_lines": [ 133.514734, 132.135379, 131.194349, 131.747089 ] }, { "date": "2025-12-26", "close": 134.641792, "volume": 5491323, "typical_volume": 13064869.6, "trend": 131.948777, "fair_value": 105.397814, "relative_strength": -3.394598, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 23.324863, "energy": 28.613868, "activity_lines": [ 134.172185, 132.716046, 131.552993, 131.957788 ] }, { "date": "2026-01-02", "close": 134.750926, "volume": 7037376, "typical_volume": 12628886.95, "trend": 132.38979, "fair_value": 105.674691, "relative_strength": -2.226231, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.901648, "energy": 25.734408, "activity_lines": [ 134.37061, 133.190465, 131.902794, 132.138572 ] }, { "date": "2026-01-09", "close": 143.064965, "volume": 16319519, "typical_volume": 12782956.0, "trend": 133.041361, "fair_value": 106.005043, "relative_strength": 2.121392, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 45.669308, "energy": 43.504391, "activity_lines": [ 137.178996, 135.10952, 133.022483, 132.827293 ] }, { "date": "2026-01-16", "close": 148.283562, "volume": 16680676, "typical_volume": 12924065.2, "trend": 133.775384, "fair_value": 106.432182, "relative_strength": 6.126958, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 80.958352, "energy": 72.58338, "activity_lines": [ 141.276488, 137.882986, 134.587168, 133.810661 ] }, { "date": "2026-01-23", "close": 146.517573, "volume": 10198027, "typical_volume": 12884228.8, "trend": 134.291806, "fair_value": 106.835538, "relative_strength": 5.226822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.669708, "energy": 74.469389, "activity_lines": [ 143.937377, 139.965014, 135.898474, 134.632737 ] }, { "date": "2026-01-30", "close": 145.803241, "volume": 16058772, "typical_volume": 13150032.5, "trend": 134.568288, "fair_value": 107.22257, "relative_strength": 4.322827, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.285947, "energy": 75.794327, "activity_lines": [ 145.387869, 141.554584, 137.067556, 135.375411 ] }, { "date": "2026-02-06", "close": 156.141222, "volume": 28150486, "typical_volume": 13557755.55, "trend": 135.178219, "fair_value": 107.709067, "relative_strength": 11.706308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.089348, "energy": 86.991497, "activity_lines": [ 149.540259, 144.685743, 139.162411, 136.767213 ] }, { "date": "2026-02-13", "close": 147.514663, "volume": 28904434, "typical_volume": 14099095.2, "trend": 135.365149, "fair_value": 108.139616, "relative_strength": 6.746665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.743082, "energy": 67.024349, "activity_lines": [ 149.391109, 145.815507, 140.314681, 137.563112 ] }, { "date": "2026-02-20", "close": 148.002627, "volume": 13702093, "typical_volume": 14100661.1, "trend": 135.391244, "fair_value": 108.592945, "relative_strength": 5.772428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.061818, "energy": 50.099127, "activity_lines": [ 149.107967, 146.830245, 141.415903, 138.378434 ] }, { "date": "2026-02-27", "close": 150.123779, "volume": 13374415, "typical_volume": 14214043.6, "trend": 135.745495, "fair_value": 109.039616, "relative_strength": 7.663135, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.001072, "energy": 47.767539, "activity_lines": [ 149.550605, 148.004498, 142.64827, 139.32892 ] }, { "date": "2026-03-06", "close": 137.785248, "volume": 14031257, "typical_volume": 14363143.45, "trend": 135.984942, "fair_value": 109.427509, "relative_strength": 0.806829, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.592067, "energy": 22.908209, "activity_lines": [ 145.639986, 146.604646, 142.58341, 139.460517 ] }, { "date": "2026-03-13", "close": 131.69067, "volume": 15237613, "typical_volume": 14697100.25, "trend": 136.036405, "fair_value": 109.784352, "relative_strength": -2.200328, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.974089, "energy": 14.230114, "activity_lines": [ 140.232373, 144.039535, 141.890121, 139.183467 ] }, { "date": "2026-03-20", "close": 127.61766, "volume": 14252379, "typical_volume": 14609458.8, "trend": 135.885586, "fair_value": 110.102728, "relative_strength": -3.469874, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.925243, "energy": 30.223768, "activity_lines": [ 135.097127, 140.789518, 140.80595, 138.640322 ] }, { "date": "2026-03-27", "close": 124.879084, "volume": 16004032, "typical_volume": 14396312.8, "trend": 135.701764, "fair_value": 110.377929, "relative_strength": -3.413603, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.019994, "energy": 39.72076, "activity_lines": [ 130.37549, 137.322437, 139.50979, 137.930225 ] }, { "date": "2026-04-03", "close": 131.152913, "volume": 13452107, "typical_volume": 14515599.2, "trend": 135.708959, "fair_value": 110.716495, "relative_strength": -2.057973, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.643611, "energy": 39.321651, "activity_lines": [ 129.286698, 135.421589, 138.825592, 137.636751 ] }, { "date": "2026-04-10", "close": 143.172774, "volume": 15172262, "typical_volume": 14573691.25, "trend": 136.03285, "fair_value": 111.113665, "relative_strength": 2.964815, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -7.379877, "energy": 19.928226, "activity_lines": [ 133.469251, 135.985528, 139.264346, 138.118287 ] }, { "date": "2026-04-17", "close": 145.742057, "volume": 14264374, "typical_volume": 14888881.4, "trend": 136.533265, "fair_value": 111.531887, "relative_strength": 0.116782, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 34.747515, "energy": 15.510831, "activity_lines": [ 138.149063, 137.064436, 139.871784, 138.744688 ] }, { "date": "2026-04-24", "close": 140.762827, "volume": 11308045, "typical_volume": 14912748.95, "trend": 136.990855, "fair_value": 111.932296, "relative_strength": -3.887939, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.146559, "energy": 21.254002, "activity_lines": [ 140.232373, 137.427105, 139.941143, 139.017563 ] }, { "date": "2026-05-01", "close": 136.879028, "volume": 12738584, "typical_volume": 14982906.3, "trend": 137.11615, "fair_value": 112.300937, "relative_strength": -7.414905, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 31.230737, "energy": 23.081711, "activity_lines": [ 140.144739, 137.206389, 139.619406, 139.010348 ] }, { "date": "2026-05-08", "close": 140.722993, "volume": 19772510, "typical_volume": 15107514.2, "trend": 137.657695, "fair_value": 112.702397, "relative_strength": -6.945128, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 34.406354, "energy": 21.241852, "activity_lines": [ 140.53843, 137.886824, 139.657501, 139.243048 ] }, { "date": "2026-05-15", "close": 133.05, "volume": 14147868, "typical_volume": 15540341.45, "trend": 137.8358, "fair_value": 113.054853, "relative_strength": -12.021925, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -9.980482, "energy": 5.54267, "activity_lines": [ 137.736451, 137.343092, 138.922979, 138.945777 ] }, { "date": "2026-05-22", "close": 136.42, "volume": 16035528, "typical_volume": 15990249.05, "trend": 138.014284, "fair_value": 113.44699, "relative_strength": -10.405878, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.255862, "energy": 10.50807, "activity_lines": [ 136.732657, 137.498183, 138.51699, 138.854435 ] }, { "date": "2026-05-29", "close": 143.82, "volume": 11704473, "typical_volume": 15759496.75, "trend": 138.212563, "fair_value": 113.866543, "relative_strength": -6.798859, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 28.070885, "energy": 10.346038, "activity_lines": [ 138.817001, 138.91274, 138.807814, 139.228997 ] }, { "date": "2026-06-05", "close": 138.12, "volume": 10611148, "typical_volume": 15456020.35, "trend": 138.552753, "fair_value": 114.241125, "relative_strength": -8.040353, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -4.402251, "energy": 3.538853, "activity_lines": [ 138.797533, 138.996346, 138.552186, 139.223026 ] }, { "date": "2026-06-12", "close": 143.07, "volume": 11712663, "typical_volume": 15531752.15, "trend": 139.10256, "fair_value": 114.627964, "relative_strength": -5.137211, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.681769, "energy": 12.898201, "activity_lines": [ 140.345333, 139.739208, 138.816384, 139.514461 ] }, { "date": "2026-06-19", "close": 150.66, "volume": 13800167, "typical_volume": 15418821.9, "trend": 139.884202, "fair_value": 115.067886, "relative_strength": -0.902437, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.355009, "energy": 37.124568, "activity_lines": [ 144.266667, 141.645396, 139.819857, 140.260102 ] }, { "date": "2026-06-26", "close": 143.49, "volume": 18425807, "typical_volume": 14932587.95, "trend": 140.256197, "fair_value": 115.439339, "relative_strength": -3.150315, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.035716, "energy": 34.530595, "activity_lines": [ 144.624, 142.111816, 140.117344, 140.492734 ] }, { "date": "2026-07-03", "close": 139.05, "volume": 9949548, "typical_volume": 13984843.65, "trend": 140.347579, "fair_value": 115.791127, "relative_strength": -7.826176, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.592986, "energy": 26.024263, "activity_lines": [ 143.03, 141.811909, 140.052219, 140.414915 ] }, { "date": "2026-07-10", "close": 138.88, "volume": 10798740, "typical_volume": 13839676.0, "trend": 140.458096, "fair_value": 116.122716, "relative_strength": -8.836963, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.610946, "energy": 7.798439, "activity_lines": [ 141.697333, 141.512236, 140.011211, 140.320233 ] }, { "date": "2026-07-17", "close": 139.54, "volume": 11576973, "typical_volume": 13749803.9, "trend": 140.711653, "fair_value": 116.463753, "relative_strength": -6.60296, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -11.871808, "energy": 8.707944, "activity_lines": [ 140.534, 141.296182, 140.076501, 140.261001 ] }, { "date": "2026-07-24", "close": 147.94, "volume": 13579104, "typical_volume": 13727196.25, "trend": 141.154927, "fair_value": 116.860213, "relative_strength": -0.076879, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.919821, "energy": 7.567206, "activity_lines": [ 142.406, 142.628909, 140.992191, 140.727345 ] }, { "date": "2026-07-31", "close": 149.82, "volume": 15813404, "typical_volume": 13755985.8, "trend": 141.65723, "fair_value": 117.24094, "relative_strength": 0.348983, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 27.82652, "energy": 23.227882, "activity_lines": [ 145.086, 144.032727, 142.038572, 141.286382 ] }, { "date": "2026-08-07", "close": 158.26, "volume": 20674854, "typical_volume": 14077109.55, "trend": 142.163731, "fair_value": 117.671455, "relative_strength": 2.431651, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.109263, "energy": 63.945377, "activity_lines": [ 150.157333, 146.727455, 143.802432, 142.357529 ] } ], "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." } } }