{ "ticker": { "uuid": "ad9a247a-f10d-4233-aaab-19110b4f783b", "symbol": "YXI", "name": "PROSHARES TRUST SHORT FTSE CHINA 50 NEW(P/S)", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 93.774, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 6.893, "architecture_energy": 23.887, "architecture_maturity": 57.794, "architecture_confidence": 79.61, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 51.26, "rotation_up": 16.42, "upward_expansion": 50.39, "deceleration": 91.1, "rotation_down": 45.67, "downward_expansion": 27.72 }, "activity_lines": [ 21.831773, 22.503578, 22.359323, 22.101176 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 21.395, "trend_reference": 21.60938, "distance_from_trend": -0.009921, "trend_direction": "Improving", "fair_value": 26.468179, "distance_from_fair_value": -0.191671, "fair_value_direction": "Improving", "relative_strength": -8.327619, "relative_strength_direction": "Improving", "price_momentum": 0.07831, "excess_performance": -0.047315, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.009921, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.047177, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.191671, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.033502, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.083276, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.006926, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.07831, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.212564, "read": "Demand-led" } ], "volume": { "latest": 3120, "relative_activity": 0.28909, "balance": 1.212564, "dry_up": 0.500625, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.048143, "annualized_volatility": 0.202033, "from_high_reference": -0.129223, "from_low_reference": 0.147969 }, "levels": { "trend_reference": 21.60938, "fair_value_reference": 26.468179, "structural_low": 19.661951, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 7, "median_return": -0.013727, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.028278, "regime_survival": 0.428571, "best_return": 0.101835, "worst_return": -0.067372, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.03214, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.05073, "regime_survival": 0.0, "best_return": 0.060265, "worst_return": -0.098359, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.002315, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.058286, "regime_survival": 0.0, "best_return": 0.070319, "worst_return": -0.088368, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.098182, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.048019, "regime_survival": 0.0, "best_return": 0.188558, "worst_return": -0.354497, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-04-28", "end": "2023-05-26", "tenure": "Developing", "return": 0.052711, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-06-02", "end": "2023-07-07", "tenure": "Developing", "return": 0.0017, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-07-14", "end": "2023-10-06", "tenure": "Established", "return": 0.078742, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-10-13", "end": "2024-02-23", "tenure": "Established", "return": 0.066895, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-03-01", "end": "2024-04-26", "tenure": "Developing", "return": -0.072184, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-05-03", "end": "2024-05-10", "tenure": "New", "return": -0.015511, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-05-17", "end": "2024-07-26", "tenure": "Developing", "return": 0.152614, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-02", "end": "2024-09-20", "tenure": "Developing", "return": -0.06548, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-27", "end": "2025-11-21", "tenure": "Extended", "return": -0.222734, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-28", "end": "2026-02-27", "tenure": "Established", "return": 0.052394, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-06", "end": "2026-04-24", "tenure": "Developing", "return": -0.032127, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": 0.050083, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-07-31", "tenure": "Developing", "return": -0.052703, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 33.014802, "volume": 157562, "typical_volume": 53242.05, "trend": 30.702308, "fair_value": 29.472679, "relative_strength": -5.495804, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.25883, "energy": 18.805186, "activity_lines": [ 31.143729, 31.075861, 31.188862, 31.070255 ] }, { "date": "2023-08-25", "close": 32.362093, "volume": 235617, "typical_volume": 64454.65, "trend": 30.897191, "fair_value": 29.50023, "relative_strength": -8.002896, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.175156, "energy": 24.867532, "activity_lines": [ 31.666928, 31.302205, 31.30657, 31.177338 ] }, { "date": "2023-09-01", "close": 30.891586, "volume": 157644, "typical_volume": 71500.95, "trend": 30.985454, "fair_value": 29.513041, "relative_strength": -14.040036, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.84536, "energy": 22.651172, "activity_lines": [ 31.638004, 31.219892, 31.27249, 31.176976 ] }, { "date": "2023-09-08", "close": 32.243651, "volume": 98133, "typical_volume": 75114.15, "trend": 31.088183, "fair_value": 29.529959, "relative_strength": -8.94597, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.327016, "energy": 32.277854, "activity_lines": [ 31.923346, 31.413581, 31.365322, 31.25815 ] }, { "date": "2023-09-15", "close": 31.937888, "volume": 129617, "typical_volume": 78585.1, "trend": 31.162119, "fair_value": 29.546516, "relative_strength": -9.316857, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.688371, "energy": 36.851636, "activity_lines": [ 31.938519, 31.54621, 31.422351, 31.31297 ] }, { "date": "2023-09-22", "close": 31.888521, "volume": 118078, "typical_volume": 82464.75, "trend": 31.176806, "fair_value": 29.553178, "relative_strength": -6.186497, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 45.821041, "energy": 23.768976, "activity_lines": [ 31.871358, 31.669909, 31.470103, 31.359834 ] }, { "date": "2023-09-29", "close": 32.694638, "volume": 66668, "typical_volume": 84364.45, "trend": 31.279232, "fair_value": 29.571444, "relative_strength": -2.496122, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.322261, "energy": 37.020482, "activity_lines": [ 32.147988, 31.918276, 31.588243, 31.457759 ] }, { "date": "2023-10-06", "close": 33.100175, "volume": 121932, "typical_volume": 88938.65, "trend": 31.316306, "fair_value": 29.59788, "relative_strength": -1.197312, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.096254, "energy": 43.189456, "activity_lines": [ 32.537628, 32.217433, 31.739311, 31.575239 ] }, { "date": "2023-10-13", "close": 32.733007, "volume": 57100, "typical_volume": 90258.85, "trend": 31.34878, "fair_value": 29.625551, "relative_strength": -1.886426, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.990795, "energy": 44.809131, "activity_lines": [ 32.657639, 32.372471, 31.847115, 31.666639 ] }, { "date": "2023-10-20", "close": 34.642279, "volume": 59197, "typical_volume": 88518.7, "trend": 31.489012, "fair_value": 29.669928, "relative_strength": 7.046415, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.78795, "energy": 65.091545, "activity_lines": [ 33.38145, 32.819866, 32.136168, 31.879123 ] }, { "date": "2023-10-27", "close": 33.779435, "volume": 90577, "typical_volume": 92024.2, "trend": 31.62655, "fair_value": 29.704569, "relative_strength": 7.877527, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.59485, "energy": 63.214398, "activity_lines": [ 33.637353, 33.043243, 32.329921, 32.026892 ] }, { "date": "2023-11-03", "close": 33.136891, "volume": 71365, "typical_volume": 92815.8, "trend": 31.734555, "fair_value": 29.749884, "relative_strength": 0.702751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.596577, "energy": 53.070129, "activity_lines": [ 33.553015, 33.135891, 32.450362, 32.124334 ] }, { "date": "2023-11-10", "close": 33.742718, "volume": 61825, "typical_volume": 90293.0, "trend": 31.842582, "fair_value": 29.797911, "relative_strength": 1.554173, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.343183, "energy": 52.527736, "activity_lines": [ 33.641135, 33.324602, 32.613996, 32.253892 ] }, { "date": "2023-11-17", "close": 33.247042, "volume": 72288, "typical_volume": 87837.2, "trend": 31.922807, "fair_value": 29.843012, "relative_strength": -1.799969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.893212, "energy": 33.252784, "activity_lines": [ 33.521194, 33.371351, 32.724748, 32.344503 ] }, { "date": "2023-11-24", "close": 32.861516, "volume": 84545, "typical_volume": 89412.05, "trend": 31.985629, "fair_value": 29.889905, "relative_strength": -3.434011, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 39.955939, "energy": 22.811006, "activity_lines": [ 33.238475, 33.329761, 32.792574, 32.405065 ] }, { "date": "2023-12-01", "close": 34.936013, "volume": 59569, "typical_volume": 89299.6, "trend": 32.131901, "fair_value": 29.94508, "relative_strength": 1.899551, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.622112, "energy": 39.771556, "activity_lines": [ 33.765972, 33.64856, 33.053585, 32.595412 ] }, { "date": "2023-12-08", "close": 36.638938, "volume": 51723, "typical_volume": 90916.2, "trend": 32.303239, "fair_value": 30.007987, "relative_strength": 6.645801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.692902, "energy": 69.336102, "activity_lines": [ 34.784006, 34.221572, 33.456532, 32.886189 ] }, { "date": "2023-12-15", "close": 36.020627, "volume": 70172, "typical_volume": 93251.55, "trend": 32.458656, "fair_value": 30.067958, "relative_strength": 2.592448, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.051876, "energy": 74.555818, "activity_lines": [ 35.362467, 34.610449, 33.775801, 33.12602 ] }, { "date": "2023-12-22", "close": 36.736367, "volume": 57917, "typical_volume": 94905.3, "trend": 32.596212, "fair_value": 30.129467, "relative_strength": 3.867925, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.046101, "energy": 82.642048, "activity_lines": [ 36.027647, 35.076362, 34.129067, 33.402001 ] }, { "date": "2023-12-29", "close": 35.252662, "volume": 31990, "typical_volume": 92675.95, "trend": 32.708426, "fair_value": 30.18698, "relative_strength": -0.441046, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.470335, "energy": 74.848303, "activity_lines": [ 35.965637, 35.199722, 34.307616, 33.573385 ] }, { "date": "2024-01-05", "close": 36.403797, "volume": 30543, "typical_volume": 86325.0, "trend": 32.880727, "fair_value": 30.259107, "relative_strength": 4.327271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.812849, "energy": 63.437981, "activity_lines": [ 36.127928, 35.521281, 34.575307, 33.811796 ] }, { "date": "2024-01-12", "close": 37.217549, "volume": 66736, "typical_volume": 77880.95, "trend": 33.11828, "fair_value": 30.337591, "relative_strength": 4.501056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.963513, "energy": 62.025879, "activity_lines": [ 36.463619, 35.94308, 34.90436, 34.091591 ] }, { "date": "2024-01-19", "close": 39.020684, "volume": 33812, "typical_volume": 71689.35, "trend": 33.333934, "fair_value": 30.437819, "relative_strength": 7.945156, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.520327, "energy": 70.499608, "activity_lines": [ 37.36178, 36.618527, 35.382019, 34.472392 ] }, { "date": "2024-01-26", "close": 37.360423, "volume": 94213, "typical_volume": 71493.35, "trend": 33.514515, "fair_value": 30.520666, "relative_strength": 2.026874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.070261, "energy": 57.215528, "activity_lines": [ 37.506517, 36.896146, 35.662848, 34.732165 ] }, { "date": "2024-02-02", "close": 39.430244, "volume": 72329, "typical_volume": 68628.95, "trend": 33.764175, "fair_value": 30.623826, "relative_strength": 5.89066, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.227581, "energy": 74.516833, "activity_lines": [ 38.299591, 37.475307, 36.116437, 35.113825 ] }, { "date": "2024-02-09", "close": 37.71187, "volume": 135941, "typical_volume": 69522.1, "trend": 33.998436, "fair_value": 30.721472, "relative_strength": -0.176553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.712001, "energy": 53.921637, "activity_lines": [ 38.241367, 37.622605, 36.370694, 35.368515 ] }, { "date": "2024-02-16", "close": 36.432112, "volume": 36319, "typical_volume": 68004.65, "trend": 34.165081, "fair_value": 30.811112, "relative_strength": -3.209245, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.840466, "energy": 41.869714, "activity_lines": [ 37.669353, 37.48675, 36.475338, 35.525526 ] }, { "date": "2024-02-23", "close": 34.922682, "volume": 71666, "typical_volume": 65491.35, "trend": 34.367661, "fair_value": 30.878698, "relative_strength": -8.46774, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 29.393202, "energy": 20.387487, "activity_lines": [ 36.646559, 37.080213, 36.41843, 35.574404 ] }, { "date": "2024-03-01", "close": 35.178264, "volume": 38575, "typical_volume": 64565.1, "trend": 34.549606, "fair_value": 30.947455, "relative_strength": -8.560665, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.26731, "energy": 20.449206, "activity_lines": [ 35.982158, 36.740109, 36.377185, 35.626701 ] }, { "date": "2024-03-08", "close": 35.821937, "volume": 31341, "typical_volume": 63172.3, "trend": 34.712014, "fair_value": 31.018352, "relative_strength": -6.342067, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.503091, "energy": 23.244667, "activity_lines": [ 35.677792, 36.545365, 36.385597, 35.708787 ] }, { "date": "2024-03-15", "close": 35.024841, "volume": 21665, "typical_volume": 59726.7, "trend": 34.779015, "fair_value": 31.083726, "relative_strength": -8.044916, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.579765, "energy": 17.627035, "activity_lines": [ 35.348281, 36.195344, 36.312478, 35.728969 ] }, { "date": "2024-03-22", "close": 35.51049, "volume": 9015, "typical_volume": 56609.2, "trend": 34.883962, "fair_value": 31.148204, "relative_strength": -8.572582, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.258496, "energy": 15.415117, "activity_lines": [ 35.359789, 35.958695, 36.279681, 35.776161 ] }, { "date": "2024-03-29", "close": 34.996754, "volume": 20527, "typical_volume": 54544.3, "trend": 35.0208, "fair_value": 31.211887, "relative_strength": -10.062928, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.740339, "energy": 12.020744, "activity_lines": [ 35.261493, 35.659676, 36.186654, 35.783438 ] }, { "date": "2024-04-05", "close": 34.850451, "volume": 5063, "typical_volume": 51183.05, "trend": 35.107694, "fair_value": 31.272043, "relative_strength": -9.475756, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -0.677741, "energy": 15.797624, "activity_lines": [ 35.109491, 35.40722, 36.073722, 35.772448 ] }, { "date": "2024-04-12", "close": 35.366793, "volume": 25967, "typical_volume": 48254.15, "trend": 35.221991, "fair_value": 31.336827, "relative_strength": -6.631282, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -12.856665, "energy": 14.118812, "activity_lines": [ 35.151457, 35.29428, 36.00233, 35.789164 ] }, { "date": "2024-04-19", "close": 35.170792, "volume": 40032, "typical_volume": 47277.3, "trend": 35.3314, "fair_value": 31.402902, "relative_strength": -4.08519, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -13.279421, "energy": 14.327622, "activity_lines": [ 35.158432, 35.219584, 35.900341, 35.78586 ] }, { "date": "2024-04-26", "close": 32.638968, "volume": 37570, "typical_volume": 46569.65, "trend": 35.329544, "fair_value": 31.448019, "relative_strength": -13.027728, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -49.049089, "energy": 47.779998, "activity_lines": [ 34.311736, 34.730758, 35.556108, 35.612155 ] }, { "date": "2024-05-03", "close": 30.840149, "volume": 264095, "typical_volume": 56265.8, "trend": 35.25421, "fair_value": 31.4808, "relative_strength": -17.992058, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -59.527851, "energy": 70.708475, "activity_lines": [ 33.056869, 33.98384, 35.059606, 35.322517 ] }, { "date": "2024-05-10", "close": 30.361779, "volume": 280379, "typical_volume": 67388.9, "trend": 35.175169, "fair_value": 31.504501, "relative_strength": -20.341438, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.180163, "energy": 90.980931, "activity_lines": [ 31.919651, 33.224173, 34.542215, 35.006876 ] }, { "date": "2024-05-17", "close": 28.716708, "volume": 43787, "typical_volume": 67978.75, "trend": 34.97765, "fair_value": 31.521382, "relative_strength": -25.456478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.476726, "energy": 95.696997, "activity_lines": [ 30.533322, 32.252976, 33.898505, 34.590201 ] }, { "date": "2024-05-24", "close": 30.588865, "volume": 87516, "typical_volume": 70827.4, "trend": 34.871298, "fair_value": 31.554491, "relative_strength": -20.152146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.800028, "energy": 87.649669, "activity_lines": [ 30.214384, 31.751356, 33.464219, 34.307054 ] }, { "date": "2024-05-31", "close": 31.718153, "volume": 26640, "typical_volume": 68822.6, "trend": 34.824006, "fair_value": 31.596701, "relative_strength": -16.536466, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.057083, "energy": 85.398516, "activity_lines": [ 30.577337, 31.535716, 33.165175, 34.103625 ] }, { "date": "2024-06-07", "close": 31.737325, "volume": 38986, "typical_volume": 69081.3, "trend": 34.75716, "fair_value": 31.637301, "relative_strength": -17.20889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.133194, "energy": 59.619867, "activity_lines": [ 31.008068, 31.392513, 32.894144, 33.904484 ] }, { "date": "2024-06-14", "close": 32.160971, "volume": 15349, "typical_volume": 65138.1, "trend": 34.720957, "fair_value": 31.678775, "relative_strength": -17.238492, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.476014, "energy": 41.622005, "activity_lines": [ 31.520203, 31.385599, 32.698143, 33.736988 ] }, { "date": "2024-06-21", "close": 31.819225, "volume": 10529, "typical_volume": 62048.1, "trend": 34.686214, "fair_value": 31.723815, "relative_strength": -18.252195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.916575, "energy": 31.404636, "activity_lines": [ 31.798477, 31.365449, 32.494354, 33.54978 ] }, { "date": "2024-06-28", "close": 32.438718, "volume": 23407, "typical_volume": 56421.4, "trend": 34.602971, "fair_value": 31.767387, "relative_strength": -16.31301, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.584942, "energy": 24.791411, "activity_lines": [ 32.076414, 31.522435, 32.385808, 33.40478 ] }, { "date": "2024-07-05", "close": 31.878997, "volume": 7194, "typical_volume": 54965.15, "trend": 34.444307, "fair_value": 31.802739, "relative_strength": -18.943635, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.541628, "energy": 22.910966, "activity_lines": [ 32.044453, 31.627328, 32.249065, 33.22904 ] }, { "date": "2024-07-12", "close": 30.992178, "volume": 19062, "typical_volume": 52334.95, "trend": 34.276692, "fair_value": 31.833578, "relative_strength": -21.655736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.432475, "energy": 30.975604, "activity_lines": [ 31.706164, 31.584799, 32.049544, 33.006322 ] }, { "date": "2024-07-19", "close": 32.672279, "volume": 37013, "typical_volume": 52256.85, "trend": 34.141222, "fair_value": 31.869241, "relative_strength": -15.501263, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.55434, "energy": 20.814929, "activity_lines": [ 31.977584, 31.844978, 32.02875, 32.902811 ] }, { "date": "2024-07-26", "close": 33.099287, "volume": 84351, "typical_volume": 54907.35, "trend": 34.069443, "fair_value": 31.899507, "relative_strength": -13.605491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.040308, "energy": 10.423953, "activity_lines": [ 32.357253, 32.140786, 32.060557, 32.83559 ] }, { "date": "2024-08-02", "close": 33.547664, "volume": 28295, "typical_volume": 55238.85, "trend": 33.974238, "fair_value": 31.932234, "relative_strength": -10.428819, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 0.693227, "energy": 10.313709, "activity_lines": [ 32.801044, 32.438434, 32.148031, 32.801926 ] }, { "date": "2024-08-09", "close": 33.300982, "volume": 38874, "typical_volume": 56731.8, "trend": 33.843686, "fair_value": 31.967668, "relative_strength": -10.908773, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.546178, "energy": 18.428379, "activity_lines": [ 33.088678, 32.637435, 32.219045, 32.758491 ] }, { "date": "2024-08-16", "close": 32.173666, "volume": 44539, "typical_volume": 57932.4, "trend": 33.615452, "fair_value": 31.983936, "relative_strength": -16.809777, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.28211, "energy": 16.65258, "activity_lines": [ 32.90574, 32.60269, 32.193218, 32.650747 ] }, { "date": "2024-08-23", "close": 31.964849, "volume": 17193, "typical_volume": 58538.9, "trend": 33.4356, "fair_value": 32.006284, "relative_strength": -18.099341, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.467681, "energy": 11.332998, "activity_lines": [ 32.574431, 32.522045, 32.160947, 32.544257 ] }, { "date": "2024-08-30", "close": 32.069632, "volume": 14442, "typical_volume": 57962.65, "trend": 33.190246, "fair_value": 32.035532, "relative_strength": -17.771285, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.77212, "energy": 17.89314, "activity_lines": [ 32.325212, 32.464017, 32.152396, 32.45613 ] }, { "date": "2024-09-06", "close": 33.279425, "volume": 23646, "typical_volume": 57143.35, "trend": 33.042498, "fair_value": 32.073475, "relative_strength": -10.693739, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.651879, "energy": 12.319479, "activity_lines": [ 32.547901, 32.621399, 32.274764, 32.461883 ] }, { "date": "2024-09-13", "close": 32.869663, "volume": 27275, "typical_volume": 56628.6, "trend": 32.92375, "fair_value": 32.101371, "relative_strength": -14.851697, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.108943, "energy": 10.625441, "activity_lines": [ 32.651885, 32.688993, 32.367114, 32.450733 ] }, { "date": "2024-09-20", "close": 31.350955, "volume": 15303, "typical_volume": 44189.0, "trend": 32.804692, "fair_value": 32.112452, "relative_strength": -19.475949, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.077983, "energy": 19.752221, "activity_lines": [ 32.278388, 32.462446, 32.313726, 32.349262 ] }, { "date": "2024-09-27", "close": 26.016921, "volume": 77782, "typical_volume": 34059.15, "trend": 32.499314, "fair_value": 32.091013, "relative_strength": -32.950701, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.937692, "energy": 75.37084, "activity_lines": [ 30.181726, 31.259552, 31.749903, 31.911341 ] }, { "date": "2024-10-04", "close": 23.470726, "volume": 296116, "typical_volume": 46675.6, "trend": 32.087607, "fair_value": 32.060556, "relative_strength": -39.030648, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.086401, "energy": 94.570304, "activity_lines": [ 27.632862, 29.714719, 30.964274, 31.328852 ] }, { "date": "2024-10-11", "close": 24.682118, "volume": 382905, "typical_volume": 61445.05, "trend": 31.742849, "fair_value": 32.041015, "relative_strength": -35.985467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.172138, "energy": 92.588157, "activity_lines": [ 26.061055, 28.565205, 30.318998, 30.851078 ] }, { "date": "2024-10-18", "close": 25.486559, "volume": 86864, "typical_volume": 64456.25, "trend": 31.408718, "fair_value": 32.033257, "relative_strength": -33.703488, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.64174, "energy": 87.676846, "activity_lines": [ 25.330549, 27.723144, 29.778462, 30.447447 ] }, { "date": "2024-10-25", "close": 25.87004, "volume": 154774, "typical_volume": 70245.65, "trend": 31.104495, "fair_value": 32.020263, "relative_strength": -31.283479, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.836038, "energy": 87.719739, "activity_lines": [ 25.220078, 27.092887, 29.304122, 30.090113 ] }, { "date": "2024-11-01", "close": 25.958623, "volume": 46256, "typical_volume": 71791.0, "trend": 30.8081, "fair_value": 32.003799, "relative_strength": -29.418191, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.471985, "energy": 72.003422, "activity_lines": [ 25.504528, 26.593348, 28.866158, 29.758121 ] }, { "date": "2024-11-08", "close": 25.948023, "volume": 50010, "typical_volume": 73765.05, "trend": 30.494141, "fair_value": 31.99661, "relative_strength": -31.953452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.023251, "energy": 56.784478, "activity_lines": [ 25.789331, 26.201086, 28.45672, 29.444568 ] }, { "date": "2024-11-15", "close": 27.104524, "volume": 64942, "typical_volume": 75841.8, "trend": 30.225266, "fair_value": 31.993199, "relative_strength": -26.782001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.348265, "energy": 43.203822, "activity_lines": [ 26.294481, 26.130398, 28.185383, 29.225883 ] }, { "date": "2024-11-22", "close": 27.615959, "volume": 31391, "typical_volume": 77051.65, "trend": 30.057832, "fair_value": 31.985754, "relative_strength": -26.020224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.080223, "energy": 33.534172, "activity_lines": [ 26.808616, 26.26497, 27.988154, 29.05754 ] }, { "date": "2024-11-29", "close": 27.010263, "volume": 36683, "typical_volume": 77932.7, "trend": 29.930169, "fair_value": 31.967859, "relative_strength": -27.772441, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.446384, "energy": 27.822063, "activity_lines": [ 26.978893, 26.384937, 27.753541, 28.860923 ] }, { "date": "2024-12-06", "close": 26.56678, "volume": 64243, "typical_volume": 79294.2, "trend": 29.803669, "fair_value": 31.954486, "relative_strength": -28.75667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.623311, "energy": 24.10292, "activity_lines": [ 26.925327, 26.503192, 27.495653, 28.64393 ] }, { "date": "2024-12-13", "close": 26.118186, "volume": 35327, "typical_volume": 76843.0, "trend": 29.717052, "fair_value": 31.928087, "relative_strength": -28.777758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.747192, "energy": 26.880924, "activity_lines": [ 26.681685, 26.529887, 27.224115, 28.406157 ] }, { "date": "2024-12-20", "close": 26.290809, "volume": 12841, "typical_volume": 76070.3, "trend": 29.573783, "fair_value": 31.90434, "relative_strength": -26.171396, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.997579, "energy": 33.272885, "activity_lines": [ 26.484241, 26.539833, 27.002261, 28.185109 ] }, { "date": "2024-12-27", "close": 25.964268, "volume": 2589, "typical_volume": 74256.05, "trend": 29.381987, "fair_value": 31.878824, "relative_strength": -26.825962, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.837926, "energy": 41.19113, "activity_lines": [ 26.232197, 26.461159, 26.783864, 27.952237 ] }, { "date": "2025-01-03", "close": 26.429771, "volume": 18383, "typical_volume": 72948.25, "trend": 29.205069, "fair_value": 31.856862, "relative_strength": -24.295356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.753345, "energy": 40.397387, "activity_lines": [ 26.245434, 26.458436, 26.644737, 27.761771 ] }, { "date": "2025-01-10", "close": 27.983818, "volume": 27391, "typical_volume": 73458.15, "trend": 29.06583, "fair_value": 31.853338, "relative_strength": -17.430427, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.093908, "energy": 20.143662, "activity_lines": [ 26.815385, 26.72809, 26.680967, 27.682981 ] }, { "date": "2025-01-17", "close": 26.362254, "volume": 34348, "typical_volume": 74453.45, "trend": 28.883931, "fair_value": 31.840129, "relative_strength": -23.486811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.655316, "energy": 21.897267, "activity_lines": [ 26.750347, 26.666092, 26.58172, 27.508557 ] }, { "date": "2025-01-24", "close": 25.64765, "volume": 15036, "typical_volume": 74022.95, "trend": 28.657562, "fair_value": 31.811799, "relative_strength": -25.957585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.377614, "energy": 28.828541, "activity_lines": [ 26.430835, 26.466635, 26.441592, 27.299764 ] }, { "date": "2025-01-31", "close": 25.146369, "volume": 26681, "typical_volume": 73993.25, "trend": 28.433141, "fair_value": 31.79005, "relative_strength": -25.684619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.159715, "energy": 39.387058, "activity_lines": [ 25.987108, 26.202525, 26.290066, 27.073236 ] }, { "date": "2025-02-07", "close": 24.524288, "volume": 46193, "typical_volume": 75537.75, "trend": 28.217545, "fair_value": 31.763045, "relative_strength": -26.506891, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.452565, "energy": 66.823515, "activity_lines": [ 25.390546, 25.870211, 26.116072, 26.821052 ] }, { "date": "2025-02-14", "close": 22.865599, "volume": 52948, "typical_volume": 74296.05, "trend": 27.890656, "fair_value": 31.721163, "relative_strength": -31.620195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.542495, "energy": 86.324337, "activity_lines": [ 24.368121, 25.281516, 25.816615, 26.475765 ] }, { "date": "2025-02-21", "close": 22.101751, "volume": 24764, "typical_volume": 60728.45, "trend": 27.524071, "fair_value": 31.666489, "relative_strength": -32.047544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.385463, "energy": 93.423251, "activity_lines": [ 23.432294, 24.621234, 25.459416, 26.102287 ] }, { "date": "2025-02-28", "close": 22.707674, "volume": 57006, "typical_volume": 44433.5, "trend": 27.162738, "fair_value": 31.602894, "relative_strength": -28.717511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.124964, "energy": 89.35286, "activity_lines": [ 22.982474, 24.144146, 25.166444, 25.791552 ] }, { "date": "2025-03-07", "close": 21.678567, "volume": 32102, "typical_volume": 41695.4, "trend": 26.775324, "fair_value": 31.506377, "relative_strength": -28.942686, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.430304, "energy": 92.12493, "activity_lines": [ 22.385618, 23.545096, 24.784864, 25.437734 ] }, { "date": "2025-03-14", "close": 21.232685, "volume": 39610, "typical_volume": 35937.2, "trend": 26.410625, "fair_value": 31.446822, "relative_strength": -27.955615, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.448933, "energy": 91.911426, "activity_lines": [ 21.871321, 22.942898, 24.378952, 25.080145 ] }, { "date": "2025-03-21", "close": 21.826105, "volume": 18631, "typical_volume": 34555.95, "trend": 26.072667, "fair_value": 31.385285, "relative_strength": -25.490749, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.3636, "energy": 76.257294, "activity_lines": [ 21.774271, 22.543087, 24.051639, 24.784369 ] }, { "date": "2025-03-28", "close": 22.265293, "volume": 39228, "typical_volume": 34016.85, "trend": 25.745856, "fair_value": 31.333682, "relative_strength": -22.054382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.305746, "energy": 62.877455, "activity_lines": [ 21.892917, 22.335087, 23.785832, 24.538732 ] }, { "date": "2025-04-04", "close": 24.252441, "volume": 68500, "typical_volume": 34194.75, "trend": 25.444956, "fair_value": 31.290168, "relative_strength": -5.925902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.796064, "energy": 42.898713, "activity_lines": [ 22.663042, 22.562876, 23.726814, 24.442383 ] }, { "date": "2025-04-11", "close": 23.830643, "volume": 380391, "typical_volume": 51644.75, "trend": 25.143655, "fair_value": 31.240387, "relative_strength": -11.675583, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.435454, "energy": 25.340754, "activity_lines": [ 23.189584, 22.739343, 23.641206, 24.338234 ] }, { "date": "2025-04-18", "close": 24.171923, "volume": 160236, "typical_volume": 57822.4, "trend": 24.904354, "fair_value": 31.178864, "relative_strength": -8.220588, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.70712, "energy": 26.082218, "activity_lines": [ 23.686413, 23.001783, 23.606126, 24.275541 ] }, { "date": "2025-04-25", "close": 23.107532, "volume": 137365, "typical_volume": 61478.5, "trend": 24.807375, "fair_value": 31.121336, "relative_strength": -15.372434, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.160227, "energy": 24.859137, "activity_lines": [ 23.632497, 23.077103, 23.483191, 24.159617 ] }, { "date": "2025-05-02", "close": 22.472312, "volume": 14200, "typical_volume": 60422.15, "trend": 24.774094, "fair_value": 31.047768, "relative_strength": -19.369448, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.223243, "energy": 21.720621, "activity_lines": [ 23.281412, 23.032531, 23.316232, 24.008968 ] }, { "date": "2025-05-09", "close": 22.418957, "volume": 16603, "typical_volume": 60610.25, "trend": 24.698656, "fair_value": 30.978576, "relative_strength": -18.601338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.775215, "energy": 30.703107, "activity_lines": [ 22.898741, 22.97152, 23.161553, 23.857024 ] }, { "date": "2025-05-16", "close": 22.002591, "volume": 26018, "typical_volume": 61781.7, "trend": 24.582523, "fair_value": 30.912814, "relative_strength": -23.58869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.273465, "energy": 42.029197, "activity_lines": [ 22.499514, 22.840055, 22.985658, 23.683084 ] }, { "date": "2025-05-23", "close": 21.827391, "volume": 22564, "typical_volume": 61990.75, "trend": 24.447768, "fair_value": 30.849957, "relative_strength": -21.574012, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.24888, "energy": 56.990933, "activity_lines": [ 22.163756, 22.670845, 22.811942, 23.505334 ] }, { "date": "2025-05-30", "close": 22.409838, "volume": 54799, "typical_volume": 63361.15, "trend": 24.329475, "fair_value": 30.797394, "relative_strength": -20.154484, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.118477, "energy": 52.140632, "activity_lines": [ 22.17845, 22.596721, 22.715613, 23.373854 ] }, { "date": "2025-06-06", "close": 21.45856, "volume": 100787, "typical_volume": 66683.1, "trend": 24.179827, "fair_value": 30.745407, "relative_strength": -24.040459, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.640146, "energy": 60.240465, "activity_lines": [ 21.922564, 22.339024, 22.555228, 23.188634 ] }, { "date": "2025-06-13", "close": 21.516766, "volume": 8718, "typical_volume": 66367.2, "trend": 23.993568, "fair_value": 30.691952, "relative_strength": -22.806957, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.944939, "energy": 53.563392, "activity_lines": [ 21.753664, 22.106578, 22.423739, 23.016824 ] }, { "date": "2025-06-20", "close": 21.835928, "volume": 25814, "typical_volume": 66323.85, "trend": 23.8009, "fair_value": 30.64998, "relative_strength": -20.806807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.713722, "energy": 40.773579, "activity_lines": [ 21.751297, 21.981901, 22.342316, 22.877621 ] }, { "date": "2025-06-27", "close": 21.080505, "volume": 18701, "typical_volume": 64949.25, "trend": 23.603242, "fair_value": 30.603626, "relative_strength": -25.304573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.453579, "energy": 49.341106, "activity_lines": [ 21.508233, 21.756142, 22.204713, 22.702112 ] }, { "date": "2025-07-04", "close": 21.349253, "volume": 2495, "typical_volume": 62426.6, "trend": 23.429324, "fair_value": 30.557268, "relative_strength": -24.856778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.775502, "energy": 46.299068, "activity_lines": [ 21.404544, 21.635454, 22.109103, 22.556693 ] }, { "date": "2025-07-11", "close": 21.299963, "volume": 26716, "typical_volume": 62524.2, "trend": 23.268717, "fair_value": 30.495747, "relative_strength": -24.120875, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.570272, "energy": 54.109406, "activity_lines": [ 21.355131, 21.537773, 22.01602, 22.419315 ] }, { "date": "2025-07-18", "close": 20.538118, "volume": 10440, "typical_volume": 60195.9, "trend": 23.07696, "fair_value": 30.43107, "relative_strength": -26.431356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.167427, "energy": 69.447755, "activity_lines": [ 21.062343, 21.32289, 21.854198, 22.243147 ] }, { "date": "2025-07-25", "close": 20.107221, "volume": 37564, "typical_volume": 60469.0, "trend": 22.881726, "fair_value": 30.358567, "relative_strength": -28.119168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.395511, "energy": 80.19362, "activity_lines": [ 20.691165, 21.063859, 21.66167, 22.051551 ] }, { "date": "2025-08-01", "close": 21.143291, "volume": 23477, "typical_volume": 59662.35, "trend": 22.70551, "fair_value": 30.290405, "relative_strength": -21.523759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.399331, "energy": 65.424802, "activity_lines": [ 20.780591, 21.027665, 21.575298, 21.939394 ] }, { "date": "2025-08-08", "close": 20.660366, "volume": 11276, "typical_volume": 59294.6, "trend": 22.461394, "fair_value": 30.220412, "relative_strength": -24.138869, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.397511, "energy": 56.806659, "activity_lines": [ 20.704857, 20.916106, 21.443358, 21.807449 ] }, { "date": "2025-08-15", "close": 20.130106, "volume": 25667, "typical_volume": 58616.55, "trend": 22.253656, "fair_value": 30.140001, "relative_strength": -25.88873, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.937001, "energy": 55.905714, "activity_lines": [ 20.498295, 20.739944, 21.266469, 21.657043 ] }, { "date": "2025-08-22", "close": 19.890893, "volume": 39972, "typical_volume": 57190.15, "trend": 22.061764, "fair_value": 30.068873, "relative_strength": -26.080959, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.297669, "energy": 53.986162, "activity_lines": [ 20.289986, 20.544442, 21.076965, 21.504607 ] }, { "date": "2025-08-29", "close": 20.20541, "volume": 14380, "typical_volume": 38889.6, "trend": 21.897066, "fair_value": 29.989923, "relative_strength": -23.960426, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.605124, "energy": 51.602292, "activity_lines": [ 20.229664, 20.435687, 20.938184, 21.384842 ] }, { "date": "2025-09-05", "close": 20.107417, "volume": 18787, "typical_volume": 31817.15, "trend": 21.749837, "fair_value": 29.911092, "relative_strength": -23.467451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.767784, "energy": 56.057321, "activity_lines": [ 20.130132, 20.33876, 20.807333, 21.269381 ] }, { "date": "2025-09-12", "close": 19.254816, "volume": 48440, "typical_volume": 27370.9, "trend": 21.629477, "fair_value": 29.817244, "relative_strength": -26.808761, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.093583, "energy": 67.957553, "activity_lines": [ 19.815458, 20.104508, 20.614638, 21.108412 ] }, { "date": "2025-09-19", "close": 19.065871, "volume": 16133, "typical_volume": 27467.55, "trend": 21.528281, "fair_value": 29.711597, "relative_strength": -27.468896, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.331839, "energy": 75.128687, "activity_lines": [ 19.531506, 19.873983, 20.422294, 20.943018 ] }, { "date": "2025-09-26", "close": 19.359031, "volume": 92051, "typical_volume": 31239.95, "trend": 21.41666, "fair_value": 29.600924, "relative_strength": -25.536066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.484201, "energy": 75.479462, "activity_lines": [ 19.416222, 19.737379, 20.27409, 20.803067 ] }, { "date": "2025-10-03", "close": 18.869617, "volume": 68384, "typical_volume": 33358.25, "trend": 21.323028, "fair_value": 29.492293, "relative_strength": -27.751028, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.516867, "energy": 80.662181, "activity_lines": [ 19.173258, 19.533229, 20.093848, 20.638741 ] }, { "date": "2025-10-10", "close": 20.274976, "volume": 61062, "typical_volume": 35283.15, "trend": 21.291104, "fair_value": 29.371725, "relative_strength": -19.970137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.456485, "energy": 47.852975, "activity_lines": [ 19.4878, 19.607101, 20.062367, 20.571125 ] }, { "date": "2025-10-17", "close": 19.556774, "volume": 83370, "typical_volume": 36711.7, "trend": 21.21546, "fair_value": 29.243562, "relative_strength": -23.569582, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.179593, "energy": 40.187809, "activity_lines": [ 19.551771, 19.566178, 19.96988, 20.459233 ] }, { "date": "2025-10-24", "close": 19.270046, "volume": 95402, "typical_volume": 36442.45, "trend": 21.115619, "fair_value": 29.090083, "relative_strength": -25.496485, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -53.533577, "energy": 36.88967, "activity_lines": [ 19.500035, 19.493188, 19.86367, 20.333722 ] }, { "date": "2025-10-31", "close": 19.675419, "volume": 72107, "typical_volume": 39611.9, "trend": 20.963051, "fair_value": 28.967629, "relative_strength": -23.807218, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.475339, "energy": 25.386027, "activity_lines": [ 19.569811, 19.509539, 19.806489, 20.240806 ] }, { "date": "2025-11-07", "close": 19.576152, "volume": 77041, "typical_volume": 42173.25, "trend": 20.821235, "fair_value": 28.862721, "relative_strength": -22.357855, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.035952, "energy": 28.363752, "activity_lines": [ 19.585407, 19.51176, 19.748623, 20.151329 ] }, { "date": "2025-11-14", "close": 19.526519, "volume": 65326, "typical_volume": 44504.5, "trend": 20.666388, "fair_value": 28.76394, "relative_strength": -21.95549, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.548334, "energy": 27.673299, "activity_lines": [ 19.537355, 19.516398, 19.69679, 20.067799 ] }, { "date": "2025-11-21", "close": 20.22208, "volume": 37467, "typical_volume": 46253.1, "trend": 20.570206, "fair_value": 28.662482, "relative_strength": -16.895887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.20242, "energy": 12.978304, "activity_lines": [ 19.771054, 19.658063, 19.718601, 20.039133 ] }, { "date": "2025-11-28", "close": 19.828275, "volume": 47169, "typical_volume": 47275.75, "trend": 20.482072, "fair_value": 28.58566, "relative_strength": -20.74377, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.22558, "energy": 10.709407, "activity_lines": [ 19.829132, 19.71054, 19.708275, 19.991267 ] }, { "date": "2025-12-05", "close": 19.661577, "volume": 46896, "typical_volume": 49098.55, "trend": 20.390159, "fair_value": 28.510991, "relative_strength": -21.028027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -19.403011, "energy": 10.711179, "activity_lines": [ 19.794428, 19.718847, 19.68908, 19.938332 ] }, { "date": "2025-12-12", "close": 20.103928, "volume": 97517, "typical_volume": 52096.2, "trend": 20.32687, "fair_value": 28.43559, "relative_strength": -18.167678, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -8.150431, "energy": 9.862181, "activity_lines": [ 19.908097, 19.802081, 19.716188, 19.919865 ] }, { "date": "2025-12-19", "close": 20.120341, "volume": 87067, "typical_volume": 55275.7, "trend": 20.269969, "fair_value": 28.359746, "relative_strength": -17.522409, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.963815, "energy": 8.344779, "activity_lines": [ 19.992052, 19.865857, 19.744875, 19.906541 ] }, { "date": "2025-12-26", "close": 19.960765, "volume": 215054, "typical_volume": 65464.6, "trend": 20.188333, "fair_value": 28.286573, "relative_strength": -18.663977, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.757113, "energy": 8.790524, "activity_lines": [ 19.983227, 19.90343, 19.763235, 19.886592 ] }, { "date": "2026-01-02", "close": 19.462742, "volume": 371981, "typical_volume": 82780.3, "trend": 20.121806, "fair_value": 28.230389, "relative_strength": -19.134717, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.788333, "energy": 13.357409, "activity_lines": [ 19.825815, 19.843108, 19.737497, 19.83978 ] }, { "date": "2026-01-09", "close": 19.771516, "volume": 274900, "typical_volume": 94526.7, "trend": 20.063631, "fair_value": 28.179196, "relative_strength": -18.236525, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.915047, "energy": 11.759667, "activity_lines": [ 19.795697, 19.835424, 19.744343, 19.817181 ] }, { "date": "2026-01-16", "close": 19.769325, "volume": 151527, "typical_volume": 101384.05, "trend": 19.994744, "fair_value": 28.131912, "relative_strength": -17.227465, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.943509, "energy": 13.636653, "activity_lines": [ 19.757519, 19.825594, 19.751548, 19.798193 ] }, { "date": "2026-01-23", "close": 19.700598, "volume": 46010, "typical_volume": 102745.2, "trend": 19.948747, "fair_value": 28.088226, "relative_strength": -16.569453, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -31.174982, "energy": 16.237107, "activity_lines": [ 19.718739, 19.799756, 19.754285, 19.779216 ] }, { "date": "2026-01-30", "close": 19.612149, "volume": 43817, "typical_volume": 102514.05, "trend": 19.890843, "fair_value": 28.032895, "relative_strength": -16.620925, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.19, "energy": 16.025142, "activity_lines": [ 19.678459, 19.754672, 19.750536, 19.7575 ] }, { "date": "2026-02-06", "close": 19.841239, "volume": 47543, "typical_volume": 104084.55, "trend": 19.842219, "fair_value": 27.973148, "relative_strength": -14.876752, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -28.478161, "energy": 11.839482, "activity_lines": [ 19.737783, 19.762329, 19.766903, 19.7543 ] }, { "date": "2026-02-13", "close": 20.309381, "volume": 55804, "typical_volume": 102272.2, "trend": 19.834595, "fair_value": 27.912825, "relative_strength": -11.322779, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.539967, "energy": 15.211988, "activity_lines": [ 19.927922, 19.854868, 19.824163, 19.784439 ] }, { "date": "2026-02-20", "close": 20.090251, "volume": 57160, "typical_volume": 101711.0, "trend": 19.834029, "fair_value": 27.84002, "relative_strength": -12.851107, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 18.282044, "energy": 21.13721, "activity_lines": [ 20.009159, 19.895787, 19.856028, 19.800933 ] }, { "date": "2026-02-27", "close": 20.867167, "volume": 75700, "typical_volume": 102442.9, "trend": 19.824825, "fair_value": 27.7839, "relative_strength": -8.59357, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 65.823077, "energy": 55.658396, "activity_lines": [ 20.327974, 20.078211, 19.956072, 19.867587 ] }, { "date": "2026-03-06", "close": 21.753648, "volume": 120543, "typical_volume": 104301.55, "trend": 19.861268, "fair_value": 27.718295, "relative_strength": -2.458698, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.8429, "energy": 74.739336, "activity_lines": [ 20.864511, 20.408236, 20.137723, 19.992027 ] }, { "date": "2026-03-13", "close": 21.346763, "volume": 12262, "typical_volume": 100144.55, "trend": 19.901823, "fair_value": 27.651552, "relative_strength": -2.489279, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.138192, "energy": 75.095751, "activity_lines": [ 21.122653, 20.631683, 20.270162, 20.087866 ] }, { "date": "2026-03-20", "close": 22.211829, "volume": 12383, "typical_volume": 97158.35, "trend": 19.979187, "fair_value": 27.598837, "relative_strength": 3.616741, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.881498, "energy": 84.056015, "activity_lines": [ 21.568782, 20.978161, 20.475098, 20.236898 ] }, { "date": "2026-03-27", "close": 22.4052, "volume": 12068, "typical_volume": 93909.7, "trend": 20.052514, "fair_value": 27.552375, "relative_strength": 7.229712, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.42273, "energy": 87.228364, "activity_lines": [ 21.952538, 21.315427, 20.686373, 20.393415 ] }, { "date": "2026-04-03", "close": 21.87, "volume": 61714, "typical_volume": 93729.1, "trend": 20.111266, "fair_value": 27.500921, "relative_strength": 2.104481, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.991819, "energy": 78.838128, "activity_lines": [ 22.003564, 21.507459, 20.833205, 20.510673 ] }, { "date": "2026-04-10", "close": 21.6063, "volume": 26244, "typical_volume": 93167.95, "trend": 20.189649, "fair_value": 27.443898, "relative_strength": -1.863685, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.108324, "energy": 62.328313, "activity_lines": [ 21.899835, 21.612103, 20.943764, 20.607126 ] }, { "date": "2026-04-17", "close": 20.7549, "volume": 12148, "typical_volume": 91416.9, "trend": 20.24595, "fair_value": 27.379248, "relative_strength": -8.872216, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.118871, "energy": 36.109681, "activity_lines": [ 21.522129, 21.525688, 20.966645, 20.643594 ] }, { "date": "2026-04-24", "close": 21.05477, "volume": 3220, "typical_volume": 89233.1, "trend": 20.302475, "fair_value": 27.315645, "relative_strength": -7.327738, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.931612, "energy": 22.099915, "activity_lines": [ 21.283837, 21.477184, 21.013672, 20.695776 ] }, { "date": "2026-05-01", "close": 21.103394, "volume": 4159, "typical_volume": 84565.2, "trend": 20.376934, "fair_value": 27.255104, "relative_strength": -7.372852, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.357138, "energy": 22.439887, "activity_lines": [ 21.13889, 21.423968, 21.058696, 20.747448 ] }, { "date": "2026-05-08", "close": 21.066187, "volume": 7613, "typical_volume": 80592.5, "trend": 20.403308, "fair_value": 27.188228, "relative_strength": -9.020244, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.078959, "energy": 22.101894, "activity_lines": [ 21.068328, 21.345566, 21.095418, 20.791916 ] }, { "date": "2026-05-15", "close": 21.444822, "volume": 5248, "typical_volume": 70102.2, "trend": 20.466243, "fair_value": 27.124681, "relative_strength": -7.098782, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.239476, "energy": 17.762957, "activity_lines": [ 21.177565, 21.332388, 21.163695, 20.859111 ] }, { "date": "2026-05-22", "close": 21.873398, "volume": 8470, "typical_volume": 51926.65, "trend": 20.553021, "fair_value": 27.055859, "relative_strength": -5.553224, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.547227, "energy": 28.68002, "activity_lines": [ 21.440426, 21.402749, 21.265723, 20.949895 ] }, { "date": "2026-05-29", "close": 22.160309, "volume": 5939, "typical_volume": 38478.6, "trend": 20.635851, "fair_value": 26.993513, "relative_strength": -5.147305, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.662046, "energy": 38.263727, "activity_lines": [ 21.724358, 21.515699, 21.383596, 21.053591 ] }, { "date": "2026-06-05", "close": 22.379572, "volume": 11150, "typical_volume": 31459.75, "trend": 20.729298, "fair_value": 26.936749, "relative_strength": -1.388955, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.336082, "energy": 56.981606, "activity_lines": [ 22.007675, 21.669453, 21.510976, 21.166089 ] }, { "date": "2026-06-12", "close": 22.114746, "volume": 6364, "typical_volume": 29477.45, "trend": 20.815572, "fair_value": 26.885619, "relative_strength": -2.703813, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.12061, "energy": 57.184813, "activity_lines": [ 22.117638, 21.775522, 21.600705, 21.255473 ] }, { "date": "2026-06-19", "close": 23.349539, "volume": 4946, "typical_volume": 27533.9, "trend": 20.919821, "fair_value": 26.826635, "relative_strength": 2.158951, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.755252, "energy": 73.697526, "activity_lines": [ 22.569294, 22.101649, 21.796537, 21.418954 ] }, { "date": "2026-06-26", "close": 24.417, "volume": 9729, "typical_volume": 25643.2, "trend": 21.072779, "fair_value": 26.778392, "relative_strength": 9.510758, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.690045, "energy": 83.901836, "activity_lines": [ 23.24979, 22.590165, 22.076235, 21.644579 ] }, { "date": "2026-07-03", "close": 24.3434, "volume": 6666, "typical_volume": 23186.3, "trend": 21.228839, "fair_value": 26.729693, "relative_strength": 6.989188, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.461899, "energy": 87.05571, "activity_lines": [ 23.736179, 22.998715, 22.327134, 21.855587 ] }, { "date": "2026-07-10", "close": 23.0919, "volume": 8560, "typical_volume": 20756.3, "trend": 21.328438, "fair_value": 26.681025, "relative_strength": 0.37097, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.730444, "energy": 78.738422, "activity_lines": [ 23.659862, 23.119927, 22.439633, 21.975784 ] }, { "date": "2026-07-17", "close": 22.8362, "volume": 5958, "typical_volume": 17269.2, "trend": 21.418967, "fair_value": 26.625919, "relative_strength": 0.967287, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.605269, "energy": 63.379425, "activity_lines": [ 23.450823, 23.158493, 22.513486, 22.073059 ] }, { "date": "2026-07-24", "close": 22.3123, "volume": 8036, "typical_volume": 11643.85, "trend": 21.497351, "fair_value": 26.584041, "relative_strength": -0.659379, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.658699, "energy": 33.425275, "activity_lines": [ 23.019053, 23.069622, 22.528068, 22.130694 ] }, { "date": "2026-07-31", "close": 21.2001, "volume": 4498, "typical_volume": 11255.65, "trend": 21.555263, "fair_value": 26.529427, "relative_strength": -6.278621, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 9.65153, "energy": 18.32161, "activity_lines": [ 22.2857, 22.762761, 22.434065, 22.111516 ] }, { "date": "2026-08-07", "close": 21.395, "volume": 3120, "typical_volume": 10792.5, "trend": 21.60938, "fair_value": 26.468179, "relative_strength": -8.327619, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.892694, "energy": 23.886867, "activity_lines": [ 21.831773, 22.503578, 22.359323, 22.101176 ] } ], "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." } } }