{ "ticker": { "uuid": "aea163a0-29af-4d08-bf44-fd953d42676a", "symbol": "MTF-F26", "name": "Migdal Mutual Funds Ltd. - MTF SAL (4D) S&P Consumer Staples", "exchange": "TLV", "country": "IL", "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": "TA35.TA", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -64.545, "architecture_energy": 67.337, "architecture_maturity": 93.0, "architecture_confidence": 77.468, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 14.37, "rotation_up": 29.93, "upward_expansion": 16.5, "deceleration": 61.0, "rotation_down": 50.7, "downward_expansion": 76.17 }, "activity_lines": [ 30.050667, 80.197455, 918.20981, 1466.989806 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 30.15, "trend_reference": 2081.504, "distance_from_trend": -0.985515, "trend_direction": "Weakening", "fair_value": 2954.116154, "distance_from_fair_value": -0.989794, "fair_value_direction": "Weakening", "relative_strength": -98.92853, "relative_strength_direction": "Weakening", "price_momentum": -0.98979, "excess_performance": -1.031077, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.985515, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.293375, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.989794, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.89986, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.989285, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.678921, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.98979, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.7224, "read": "Demand-led" } ], "volume": { "latest": 8980, "relative_activity": 0.918515, "balance": 1.7224, "dry_up": 0.713077, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 8.043271, "annualized_volatility": 6.3428, "from_high_reference": -0.99072, "from_low_reference": 0.056412 }, "levels": { "trend_reference": 2081.504, "fair_value_reference": 2954.116154, "structural_low": 28.54, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": 0.01238, "positive_rate": 0.642857, "directional_follow_through": 0.357143, "median_excess_return": -0.014952, "regime_survival": 0.714286, "best_return": 0.111386, "worst_return": -0.054233, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.016883, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.074487, "regime_survival": 0.333333, "best_return": 0.086674, "worst_return": -0.051901, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.05637, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.146403, "regime_survival": 0.25, "best_return": 0.158076, "worst_return": -0.037129, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.127148, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.139937, "regime_survival": 0.0, "best_return": 0.16875, "worst_return": -0.027537, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-08-16", "end": "2024-11-01", "tenure": "Developing", "return": 0.019814, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-12-20", "tenure": "Developing", "return": -0.023139, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-24", "tenure": "Developing", "return": -0.051755, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-03-07", "tenure": "Developing", "return": 0.044864, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": 0.031775, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": -0.023025, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-06-20", "tenure": "Developing", "return": -0.030048, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-06-27", "end": "2025-07-11", "tenure": "New", "return": -0.021663, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-07-18", "end": "2026-01-23", "tenure": "Extended", "return": -0.024823, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-30", "end": "2026-01-30", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-03-27", "tenure": "Developing", "return": -0.058861, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": -0.052004, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-01", "end": "2026-06-05", "tenure": "Developing", "return": -0.022664, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-12", "end": "2026-08-07", "tenure": "Developing", "return": 0.041091, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 3104.0, "volume": 685, "typical_volume": 10796.85, "trend": 2931.6, "fair_value": 2583.544872, "relative_strength": 7.661085, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 66.030709, "energy": 49.308533, "activity_lines": [ 3022.266667, 2996.272727, 2999.985714, 2974.756989 ] }, { "date": "2023-08-04", "close": 3071.0, "volume": 24314, "typical_volume": 11216.95, "trend": 2938.033333, "fair_value": 2588.858974, "relative_strength": 6.337001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.579628, "energy": 54.440522, "activity_lines": [ 3041.666667, 3012.072727, 3007.804762, 2983.750538 ] }, { "date": "2023-08-11", "close": 3080.0, "volume": 6795, "typical_volume": 10783.2, "trend": 2945.833333, "fair_value": 2594.019231, "relative_strength": 4.111898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.990467, "energy": 64.377312, "activity_lines": [ 3059.066667, 3028.363636, 3015.457143, 2992.909677 ] }, { "date": "2023-08-18", "close": 3066.0, "volume": 8885, "typical_volume": 7601.55, "trend": 2957.866667, "fair_value": 2599.160256, "relative_strength": 6.554169, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.928195, "energy": 66.264858, "activity_lines": [ 3069.333333, 3040.345455, 3020.77619, 3000.662366 ] }, { "date": "2023-08-25", "close": 3033.0, "volume": 1927, "typical_volume": 7495.8, "trend": 2967.8, "fair_value": 2604.025641, "relative_strength": 4.349337, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.943528, "energy": 45.279273, "activity_lines": [ 3061.0, 3043.727273, 3022.252381, 3005.509677 ] }, { "date": "2023-09-01", "close": 3078.0, "volume": 17317, "typical_volume": 8064.7, "trend": 2977.633333, "fair_value": 2608.692308, "relative_strength": 5.062523, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.65369, "energy": 40.655551, "activity_lines": [ 3063.4, 3053.181818, 3027.671429, 3012.619355 ] }, { "date": "2023-09-08", "close": 3034.0, "volume": 1773, "typical_volume": 7569.85, "trend": 2986.033333, "fair_value": 2613.294872, "relative_strength": 4.329347, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.372131, "energy": 30.270861, "activity_lines": [ 3052.866667, 3052.236364, 3028.685714, 3016.255914 ] }, { "date": "2023-09-15", "close": 3047.0, "volume": 5596, "typical_volume": 7793.6, "trend": 2993.333333, "fair_value": 2618.096154, "relative_strength": 3.386772, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.475501, "energy": 21.578599, "activity_lines": [ 3049.133333, 3052.963636, 3030.942857, 3020.189247 ] }, { "date": "2023-09-22", "close": 3019.0, "volume": 11650, "typical_volume": 8133.4, "trend": 2997.333333, "fair_value": 2622.878205, "relative_strength": 1.28808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.454668, "energy": 16.074788, "activity_lines": [ 3038.266667, 3048.527273, 3030.561905, 3021.845161 ] }, { "date": "2023-09-29", "close": 2948.0, "volume": 2165, "typical_volume": 7970.05, "trend": 2999.766667, "fair_value": 2626.929487, "relative_strength": -0.436534, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 0.05147, "energy": 13.059762, "activity_lines": [ 3006.866667, 3029.963636, 3023.771429, 3018.662366 ] }, { "date": "2023-10-06", "close": 2925.0, "volume": 2156, "typical_volume": 7967.3, "trend": 3002.633333, "fair_value": 2630.852564, "relative_strength": -0.687482, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.641042, "energy": 40.573833, "activity_lines": [ 2973.466667, 3007.6, 3015.347619, 3013.83871 ] }, { "date": "2023-10-13", "close": 2952.0, "volume": 4215, "typical_volume": 7965.45, "trend": 3005.833333, "fair_value": 2634.692308, "relative_strength": 6.67957, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.83787, "energy": 52.236701, "activity_lines": [ 2959.266667, 2993.4, 3010.1, 3010.572043 ] }, { "date": "2023-10-20", "close": 3045.0, "volume": 2801, "typical_volume": 7561.6, "trend": 3011.666667, "fair_value": 2639.371795, "relative_strength": 12.372524, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.729048, "energy": 24.984882, "activity_lines": [ 2981.533333, 2998.272727, 3013.97619, 3013.098925 ] }, { "date": "2023-10-27", "close": 3070.0, "volume": 4081, "typical_volume": 7343.2, "trend": 3016.7, "fair_value": 2644.647436, "relative_strength": 17.137742, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.643029, "energy": 12.750211, "activity_lines": [ 3012.266667, 3008.327273, 3019.938095, 3016.862366 ] }, { "date": "2023-11-03", "close": 3040.0, "volume": 6792, "typical_volume": 6985.5, "trend": 3019.333333, "fair_value": 2649.333333, "relative_strength": 9.947813, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.28404, "energy": 16.9194, "activity_lines": [ 3029.6, 3012.854545, 3022.342857, 3018.365591 ] }, { "date": "2023-11-10", "close": 2944.0, "volume": 12649, "typical_volume": 7460.65, "trend": 3016.366667, "fair_value": 2653.076923, "relative_strength": 4.969835, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -37.79163, "energy": 24.411543, "activity_lines": [ 3008.8, 2999.8, 3015.019048, 3013.505376 ] }, { "date": "2023-11-17", "close": 2938.0, "volume": 116386, "typical_volume": 12845.7, "trend": 3013.133333, "fair_value": 2656.839744, "relative_strength": 3.415041, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.436739, "energy": 27.791875, "activity_lines": [ 2984.733333, 2988.090909, 3007.133333, 3008.449462 ] }, { "date": "2023-11-24", "close": 2908.0, "volume": 22076, "typical_volume": 13428.1, "trend": 3008.3, "fair_value": 2660.583333, "relative_strength": -2.060571, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -69.033265, "energy": 64.530482, "activity_lines": [ 2951.6, 2972.672727, 2996.666667, 3001.666667 ] }, { "date": "2023-12-01", "close": 2880.0, "volume": 22571, "typical_volume": 14470.35, "trend": 3001.2, "fair_value": 2664.333333, "relative_strength": -1.851448, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.897262, "energy": 77.980181, "activity_lines": [ 2918.266667, 2954.690909, 2984.17619, 2993.389247 ] }, { "date": "2023-12-08", "close": 2893.0, "volume": 22260, "typical_volume": 14854.7, "trend": 2995.466667, "fair_value": 2668.141026, "relative_strength": -2.999441, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.973358, "energy": 76.65998, "activity_lines": [ 2901.933333, 2941.6, 2973.266667, 2986.408602 ] }, { "date": "2023-12-15", "close": 2964.0, "volume": 20599, "typical_volume": 15850.4, "trend": 2992.533333, "fair_value": 2672.397436, "relative_strength": -1.825641, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.443926, "energy": 65.679747, "activity_lines": [ 2919.066667, 2942.418182, 2969.480952, 2984.378495 ] }, { "date": "2023-12-22", "close": 2862.0, "volume": 21281, "typical_volume": 15698.75, "trend": 2987.666667, "fair_value": 2676.275641, "relative_strength": -6.611235, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.028145, "energy": 61.102891, "activity_lines": [ 2900.866667, 2923.981818, 2956.647619, 2975.956989 ] }, { "date": "2023-12-29", "close": 2907.0, "volume": 11595, "typical_volume": 15938.75, "trend": 2985.133333, "fair_value": 2680.365385, "relative_strength": -5.238515, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.774185, "energy": 41.358314, "activity_lines": [ 2902.733333, 2915.363636, 2949.095238, 2970.752688 ] }, { "date": "2024-01-05", "close": 2955.0, "volume": 4375, "typical_volume": 15713.25, "trend": 2986.2, "fair_value": 2684.897436, "relative_strength": -4.799149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.401414, "energy": 26.896116, "activity_lines": [ 2920.666667, 2917.981818, 2946.938095, 2968.808602 ] }, { "date": "2024-01-12", "close": 3044.0, "volume": 3553, "typical_volume": 15794.55, "trend": 2990.433333, "fair_value": 2690.391026, "relative_strength": -1.258003, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -10.2003, "energy": 9.328717, "activity_lines": [ 2963.266667, 2938.872727, 2953.785714, 2972.537634 ] }, { "date": "2024-01-19", "close": 3057.0, "volume": 4516, "typical_volume": 15154.5, "trend": 2994.133333, "fair_value": 2695.467949, "relative_strength": 0.146763, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 30.390913, "energy": 30.857117, "activity_lines": [ 3000.133333, 2962.054545, 2961.819048, 2976.832258 ] }, { "date": "2024-01-26", "close": 2974.0, "volume": 50940, "typical_volume": 17612.85, "trend": 2993.4, "fair_value": 2700.00641, "relative_strength": -2.010873, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 13.541259, "energy": 26.418346, "activity_lines": [ 3003.133333, 2968.090909, 2962.047619, 2975.533333 ] }, { "date": "2024-02-02", "close": 2988.0, "volume": 6733, "typical_volume": 17669.7, "trend": 2991.566667, "fair_value": 2704.74359, "relative_strength": -1.181684, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 15.876592, "energy": 27.259092, "activity_lines": [ 3003.333333, 2976.018182, 2963.895238, 2975.184946 ] }, { "date": "2024-02-09", "close": 3019.0, "volume": 5122, "typical_volume": 17343.3, "trend": 2993.8, "fair_value": 2709.621795, "relative_strength": -1.003545, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.306529, "energy": 32.881951, "activity_lines": [ 3008.466667, 2988.127273, 2968.97619, 2976.954839 ] }, { "date": "2024-02-16", "close": 3008.0, "volume": 7110, "typical_volume": 17590.55, "trend": 2995.1, "fair_value": 2714.467949, "relative_strength": -3.035427, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 16.719233, "energy": 17.513789, "activity_lines": [ 3005.666667, 2995.709091, 2973.009524, 2977.870968 ] }, { "date": "2024-02-23", "close": 3030.0, "volume": 3144, "typical_volume": 17639.95, "trend": 2992.633333, "fair_value": 2719.538462, "relative_strength": -4.915247, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.11254, "energy": 22.828287, "activity_lines": [ 3012.6, 3005.2, 2978.852381, 2980.122581 ] }, { "date": "2024-03-01", "close": 2982.0, "volume": 9110, "typical_volume": 17884.7, "trend": 2989.666667, "fair_value": 2724.474359, "relative_strength": -7.860491, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 23.409074, "energy": 18.716549, "activity_lines": [ 3005.333333, 3004.763636, 2979.62381, 2979.436559 ] }, { "date": "2024-03-08", "close": 3029.0, "volume": 9445, "typical_volume": 18216.9, "trend": 2987.966667, "fair_value": 2729.269231, "relative_strength": -6.02263, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.120924, "energy": 22.455927, "activity_lines": [ 3013.2, 3010.690909, 2984.728571, 2981.974194 ] }, { "date": "2024-03-15", "close": 3101.0, "volume": 2994, "typical_volume": 18162.55, "trend": 2989.133333, "fair_value": 2734.365385, "relative_strength": -0.955287, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.806052, "energy": 62.24978, "activity_lines": [ 3042.333333, 3027.490909, 2996.766667, 2989.266667 ] }, { "date": "2024-03-22", "close": 3081.0, "volume": 11268, "typical_volume": 18386.35, "trend": 2990.733333, "fair_value": 2739.083333, "relative_strength": -6.270605, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.373442, "energy": 68.746676, "activity_lines": [ 3059.333333, 3038.0, 3006.752381, 2995.193548 ] }, { "date": "2024-03-29", "close": 3168.0, "volume": 13884, "typical_volume": 18448.1, "trend": 2993.733333, "fair_value": 2743.897436, "relative_strength": -4.249839, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.355424, "energy": 86.919198, "activity_lines": [ 3100.466667, 3063.654545, 3024.828571, 3006.630108 ] }, { "date": "2024-04-05", "close": 3130.0, "volume": 24451, "typical_volume": 13851.35, "trend": 2996.933333, "fair_value": 2748.5, "relative_strength": -2.892676, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.204778, "energy": 84.295801, "activity_lines": [ 3119.733333, 3080.381818, 3038.219048, 3015.421505 ] }, { "date": "2024-04-12", "close": 3153.0, "volume": 4800, "typical_volume": 12987.55, "trend": 3000.466667, "fair_value": 2753.166667, "relative_strength": -1.44326, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.853865, "energy": 88.153222, "activity_lines": [ 3136.8, 3098.454545, 3052.885714, 3025.490323 ] }, { "date": "2024-04-19", "close": 3093.0, "volume": 871, "typical_volume": 11902.55, "trend": 3002.933333, "fair_value": 2757.442308, "relative_strength": -2.101015, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.724806, "energy": 75.149219, "activity_lines": [ 3125.6, 3102.618182, 3060.671429, 3031.460215 ] }, { "date": "2024-04-26", "close": 3174.0, "volume": 646, "typical_volume": 10821.85, "trend": 3010.466667, "fair_value": 2762.589744, "relative_strength": -0.069989, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.418149, "energy": 68.465075, "activity_lines": [ 3141.933333, 3120.163636, 3075.157143, 3042.496774 ] }, { "date": "2024-05-03", "close": 3173.0, "volume": 1246, "typical_volume": 9854.2, "trend": 3018.733333, "fair_value": 2767.467949, "relative_strength": -0.747044, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.253161, "energy": 61.173434, "activity_lines": [ 3151.733333, 3134.509091, 3088.209524, 3052.982796 ] }, { "date": "2024-05-10", "close": 3199.0, "volume": 861, "typical_volume": 8833.2, "trend": 3026.966667, "fair_value": 2772.391026, "relative_strength": -3.015546, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.911433, "energy": 64.17543, "activity_lines": [ 3169.866667, 3150.981818, 3102.742857, 3064.612903 ] }, { "date": "2024-05-17", "close": 3223.0, "volume": 22295, "typical_volume": 9368.2, "trend": 3032.9, "fair_value": 2777.467949, "relative_strength": -1.199633, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.483311, "energy": 80.555653, "activity_lines": [ 3191.4, 3167.872727, 3117.957143, 3077.260215 ] }, { "date": "2024-05-24", "close": 3208.0, "volume": 16722, "typical_volume": 9985.55, "trend": 3037.5, "fair_value": 2782.346154, "relative_strength": -0.880292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.340522, "energy": 74.498487, "activity_lines": [ 3203.266667, 3178.509091, 3130.238095, 3088.556989 ] }, { "date": "2024-05-31", "close": 3176.0, "volume": 11879, "typical_volume": 10401.85, "trend": 3042.033333, "fair_value": 2787.083333, "relative_strength": -3.251896, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.136291, "energy": 58.519379, "activity_lines": [ 3196.8, 3181.381818, 3138.266667, 3097.492473 ] }, { "date": "2024-06-07", "close": 3244.0, "volume": 11488, "typical_volume": 10750.45, "trend": 3052.033333, "fair_value": 2792.346154, "relative_strength": 0.510864, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.31546, "energy": 61.912417, "activity_lines": [ 3212.866667, 3194.890909, 3152.142857, 3110.522581 ] }, { "date": "2024-06-14", "close": 3193.0, "volume": 18444, "typical_volume": 9125.65, "trend": 3060.533333, "fair_value": 2797.397436, "relative_strength": -2.167801, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.810294, "energy": 49.385898, "activity_lines": [ 3207.2, 3197.745455, 3160.271429, 3119.617204 ] }, { "date": "2024-06-21", "close": 3255.0, "volume": 10955, "typical_volume": 9336.75, "trend": 3072.1, "fair_value": 2802.955128, "relative_strength": 0.699199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.795924, "energy": 54.885527, "activity_lines": [ 3222.6, 3210.727273, 3173.261905, 3132.163441 ] }, { "date": "2024-06-28", "close": 3278.0, "volume": 3822, "typical_volume": 9271.75, "trend": 3085.366667, "fair_value": 2808.371795, "relative_strength": 1.075221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.876486, "energy": 62.765648, "activity_lines": [ 3243.533333, 3226.036364, 3187.171429, 3145.447312 ] }, { "date": "2024-07-05", "close": 3229.0, "volume": 3671, "typical_volume": 9099.8, "trend": 3096.566667, "fair_value": 2813.532051, "relative_strength": -2.313556, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.69628, "energy": 52.49037, "activity_lines": [ 3243.466667, 3229.072727, 3195.180952, 3154.713978 ] }, { "date": "2024-07-12", "close": 3205.0, "volume": 3586, "typical_volume": 9121.9, "trend": 3104.6, "fair_value": 2818.314103, "relative_strength": -5.401368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.398486, "energy": 48.704248, "activity_lines": [ 3231.866667, 3226.745455, 3199.852381, 3161.709677 ] }, { "date": "2024-07-19", "close": 3156.0, "volume": 3272, "typical_volume": 8830.0, "trend": 3114.4, "fair_value": 2822.839744, "relative_strength": -5.644078, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.912399, "energy": 27.637611, "activity_lines": [ 3206.533333, 3214.927273, 3199.02381, 3165.025806 ] }, { "date": "2024-07-26", "close": 3209.0, "volume": 3315, "typical_volume": 8523.5, "trend": 3124.466667, "fair_value": 2827.544872, "relative_strength": -4.045762, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.106147, "energy": 21.359996, "activity_lines": [ 3201.333333, 3213.527273, 3202.414286, 3171.129032 ] }, { "date": "2024-08-02", "close": 3289.0, "volume": 1933, "typical_volume": 8470.45, "trend": 3135.6, "fair_value": 2832.974359, "relative_strength": 1.463198, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.842622, "energy": 30.661301, "activity_lines": [ 3225.866667, 3226.927273, 3212.566667, 3181.744086 ] }, { "date": "2024-08-09", "close": 3345.0, "volume": 12461, "typical_volume": 8530.1, "trend": 3145.633333, "fair_value": 2838.608974, "relative_strength": 1.993586, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.648656, "energy": 48.776423, "activity_lines": [ 3268.333333, 3249.036364, 3227.157143, 3195.253763 ] }, { "date": "2024-08-16", "close": 3331.0, "volume": 5504, "typical_volume": 8111.1, "trend": 3154.766667, "fair_value": 2844.166667, "relative_strength": -0.799223, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.698418, "energy": 70.52055, "activity_lines": [ 3298.4, 3265.527273, 3239.157143, 3207.212903 ] }, { "date": "2024-08-23", "close": 3372.0, "volume": 889, "typical_volume": 6933.0, "trend": 3168.033333, "fair_value": 2849.99359, "relative_strength": 0.618983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.542798, "energy": 83.540055, "activity_lines": [ 3333.733333, 3287.890909, 3254.285714, 3221.227957 ] }, { "date": "2024-08-30", "close": 3427.0, "volume": 6879, "typical_volume": 7036.95, "trend": 3182.666667, "fair_value": 2856.083333, "relative_strength": 0.249468, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.427957, "energy": 90.69974, "activity_lines": [ 3373.0, 3317.0, 3273.5, 3237.935484 ] }, { "date": "2024-09-06", "close": 3487.0, "volume": 38170, "typical_volume": 8901.9, "trend": 3198.266667, "fair_value": 2862.628205, "relative_strength": 3.019809, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.849111, "energy": 94.988743, "activity_lines": [ 3417.733333, 3353.890909, 3297.12381, 3257.569892 ] }, { "date": "2024-09-13", "close": 3561.0, "volume": 6801, "typical_volume": 9209.65, "trend": 3216.7, "fair_value": 2869.679487, "relative_strength": 5.99846, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.543812, "energy": 97.120767, "activity_lines": [ 3473.933333, 3400.436364, 3325.919048, 3280.972043 ] }, { "date": "2024-09-20", "close": 3550.0, "volume": 8416, "typical_volume": 9568.15, "trend": 3234.033333, "fair_value": 2877.012821, "relative_strength": 8.918656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.541878, "energy": 93.867229, "activity_lines": [ 3512.066667, 3438.945455, 3351.82381, 3302.475269 ] }, { "date": "2024-09-27", "close": 3457.0, "volume": 6682, "typical_volume": 9859.2, "trend": 3249.866667, "fair_value": 2883.782051, "relative_strength": 0.622833, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.115563, "energy": 86.571046, "activity_lines": [ 3504.6, 3454.272727, 3367.07619, 3316.860215 ] }, { "date": "2024-10-04", "close": 3493.0, "volume": 3803, "typical_volume": 8934.6, "trend": 3265.333333, "fair_value": 2890.980769, "relative_strength": 1.697045, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.354778, "energy": 72.575116, "activity_lines": [ 3503.466667, 3470.672727, 3384.528571, 3332.546237 ] }, { "date": "2024-10-11", "close": 3501.0, "volume": 25543, "typical_volume": 9375.65, "trend": 3278.666667, "fair_value": 2897.884615, "relative_strength": 1.987171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.95131, "energy": 63.090184, "activity_lines": [ 3500.6, 3483.363636, 3401.457143, 3347.750538 ] }, { "date": "2024-10-25", "close": 3490.0, "volume": 6485, "typical_volume": 9105.95, "trend": 3292.3, "fair_value": 2904.717949, "relative_strength": -1.012879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.071288, "energy": 55.115253, "activity_lines": [ 3493.133333, 3490.2, 3415.942857, 3361.384946 ] }, { "date": "2024-11-01", "close": 3397.0, "volume": 2702, "typical_volume": 8666.65, "trend": 3299.933333, "fair_value": 2910.884615, "relative_strength": -5.360914, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.276941, "energy": 39.045486, "activity_lines": [ 3459.4, 3477.490909, 3420.07619, 3368.139785 ] }, { "date": "2024-11-08", "close": 3371.0, "volume": 14163, "typical_volume": 8452.6, "trend": 3307.966667, "fair_value": 2917.070513, "relative_strength": -6.861007, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.771899, "energy": 25.27472, "activity_lines": [ 3427.2, 3458.854545, 3421.004762, 3372.724731 ] }, { "date": "2024-11-15", "close": 3420.0, "volume": 191588, "typical_volume": 17484.25, "trend": 3316.866667, "fair_value": 2923.416667, "relative_strength": -6.832178, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.356557, "energy": 28.227194, "activity_lines": [ 3417.066667, 3449.145455, 3425.752381, 3379.952688 ] }, { "date": "2024-11-22", "close": 3395.0, "volume": 4103, "typical_volume": 17498.3, "trend": 3326.933333, "fair_value": 2929.891026, "relative_strength": -6.93433, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.80603, "energy": 28.48981, "activity_lines": [ 3403.466667, 3435.018182, 3427.333333, 3384.993548 ] }, { "date": "2024-11-29", "close": 3407.0, "volume": 1376, "typical_volume": 17383.55, "trend": 3334.7, "fair_value": 2936.057692, "relative_strength": -6.545988, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.97098, "energy": 19.940638, "activity_lines": [ 3400.933333, 3424.745455, 3429.5, 3390.15914 ] }, { "date": "2024-12-06", "close": 3366.0, "volume": 2150, "typical_volume": 17311.75, "trend": 3341.133333, "fair_value": 2942.487179, "relative_strength": -9.921473, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.011711, "energy": 13.562478, "activity_lines": [ 3390.266667, 3409.818182, 3426.914286, 3392.178495 ] }, { "date": "2024-12-13", "close": 3330.0, "volume": 36784, "typical_volume": 18987.35, "trend": 3345.5, "fair_value": 2948.391026, "relative_strength": -11.098056, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.614422, "energy": 24.108945, "activity_lines": [ 3369.666667, 3391.690909, 3420.133333, 3391.460215 ] }, { "date": "2024-12-20", "close": 3293.0, "volume": 23161, "typical_volume": 19979.65, "trend": 3347.833333, "fair_value": 2953.294872, "relative_strength": -13.035267, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -39.155625, "energy": 53.151472, "activity_lines": [ 3339.466667, 3369.145455, 3409.0, 3388.073118 ] }, { "date": "2024-12-27", "close": 3304.0, "volume": 10421, "typical_volume": 20404.05, "trend": 3351.033333, "fair_value": 2958.192308, "relative_strength": -13.144358, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.944306, "energy": 59.282829, "activity_lines": [ 3321.4, 3352.236364, 3398.514286, 3385.245161 ] }, { "date": "2025-01-03", "close": 3278.0, "volume": 4758, "typical_volume": 20018.9, "trend": 3354.433333, "fair_value": 2962.762821, "relative_strength": -14.844374, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.84805, "energy": 66.825744, "activity_lines": [ 3300.733333, 3334.181818, 3385.480952, 3380.533333 ] }, { "date": "2025-01-10", "close": 3221.0, "volume": 9835, "typical_volume": 20235.45, "trend": 3353.666667, "fair_value": 2966.948718, "relative_strength": -17.293153, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -58.355206, "energy": 76.877271, "activity_lines": [ 3269.666667, 3309.618182, 3367.338095, 3371.924731 ] }, { "date": "2025-01-17", "close": 3159.0, "volume": 11353, "typical_volume": 20758.65, "trend": 3352.533333, "fair_value": 2970.769231, "relative_strength": -20.93201, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -63.686244, "energy": 84.414151, "activity_lines": [ 3227.6, 3276.981818, 3343.814286, 3359.365591 ] }, { "date": "2025-01-24", "close": 3133.0, "volume": 8836, "typical_volume": 20856.5, "trend": 3348.466667, "fair_value": 2974.365385, "relative_strength": -20.942022, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -87.983488, "energy": 94.32621, "activity_lines": [ 3188.266667, 3243.472727, 3318.828571, 3345.202151 ] }, { "date": "2025-01-31", "close": 3232.0, "volume": 18238, "typical_volume": 19859.9, "trend": 3346.933333, "fair_value": 2978.685897, "relative_strength": -15.828009, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.333821, "energy": 84.981671, "activity_lines": [ 3192.6, 3233.181818, 3304.671429, 3337.688172 ] }, { "date": "2025-02-07", "close": 3212.0, "volume": 10360, "typical_volume": 20037.85, "trend": 3346.366667, "fair_value": 2982.442308, "relative_strength": -17.968027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.448951, "energy": 77.252427, "activity_lines": [ 3195.066667, 3222.218182, 3289.82381, 3328.982796 ] }, { "date": "2025-02-14", "close": 3273.0, "volume": 5462, "typical_volume": 19890.15, "trend": 3348.633333, "fair_value": 2986.442308, "relative_strength": -15.762953, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.676171, "energy": 51.768425, "activity_lines": [ 3222.266667, 3225.890909, 3282.447619, 3324.249462 ] }, { "date": "2025-02-21", "close": 3247.0, "volume": 14549, "typical_volume": 20283.5, "trend": 3351.666667, "fair_value": 2990.711538, "relative_strength": -16.604924, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.326493, "energy": 33.734276, "activity_lines": [ 3237.333333, 3226.527273, 3273.914286, 3317.692473 ] }, { "date": "2025-02-28", "close": 3340.0, "volume": 40528, "typical_volume": 22119.75, "trend": 3356.033333, "fair_value": 2995.474359, "relative_strength": -12.404168, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.598297, "energy": 22.891894, "activity_lines": [ 3277.533333, 3245.581818, 3275.238095, 3316.939785 ] }, { "date": "2025-03-07", "close": 3377.0, "volume": 16738, "typical_volume": 21679.5, "trend": 3358.966667, "fair_value": 3000.525641, "relative_strength": -11.161514, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -2.508412, "energy": 20.037003, "activity_lines": [ 3316.266667, 3270.509091, 3280.814286, 3318.292473 ] }, { "date": "2025-03-14", "close": 3336.0, "volume": 26193, "typical_volume": 22664.9, "trend": 3358.666667, "fair_value": 3005.641026, "relative_strength": -13.522067, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.905896, "energy": 20.683192, "activity_lines": [ 3331.666667, 3286.654545, 3283.07619, 3316.810753 ] }, { "date": "2025-03-21", "close": 3325.0, "volume": 18907, "typical_volume": 23475.15, "trend": 3358.466667, "fair_value": 3010.474359, "relative_strength": -13.146235, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.659754, "energy": 21.905623, "activity_lines": [ 3335.133333, 3299.745455, 3285.02381, 3314.63871 ] }, { "date": "2025-03-28", "close": 3308.0, "volume": 3862, "typical_volume": 22960.1, "trend": 3356.333333, "fair_value": 3015.173077, "relative_strength": -11.937167, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.434478, "energy": 17.099128, "activity_lines": [ 3329.466667, 3307.854545, 3285.695238, 3311.382796 ] }, { "date": "2025-04-04", "close": 3442.0, "volume": 9365, "typical_volume": 13848.95, "trend": 3356.833333, "fair_value": 3020.525641, "relative_strength": -7.675849, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.567059, "energy": 34.109339, "activity_lines": [ 3364.4, 3337.618182, 3299.428571, 3316.909677 ] }, { "date": "2025-04-11", "close": 3431.0, "volume": 8349, "typical_volume": 14061.25, "trend": 3354.966667, "fair_value": 3025.153846, "relative_strength": -6.574218, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 30.738897, "energy": 38.19242, "activity_lines": [ 3388.866667, 3359.763636, 3312.009524, 3321.694624 ] }, { "date": "2025-04-18", "close": 3430.0, "volume": 907, "typical_volume": 14037.8, "trend": 3350.6, "fair_value": 3029.519231, "relative_strength": -9.043245, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.672336, "energy": 41.611293, "activity_lines": [ 3409.4, 3378.109091, 3324.32381, 3326.535484 ] }, { "date": "2025-04-25", "close": 3431.0, "volume": 17230, "typical_volume": 14791.8, "trend": 3346.633333, "fair_value": 3033.737179, "relative_strength": -9.32405, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.592153, "energy": 50.96037, "activity_lines": [ 3424.0, 3392.672727, 3336.62381, 3331.722581 ] }, { "date": "2025-05-02", "close": 3351.0, "volume": 1350, "typical_volume": 13020.1, "trend": 3343.1, "fair_value": 3037.038462, "relative_strength": -11.467679, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.560999, "energy": 31.329575, "activity_lines": [ 3404.866667, 3389.818182, 3340.995238, 3332.004301 ] }, { "date": "2025-05-09", "close": 3352.0, "volume": 8692, "typical_volume": 12296.65, "trend": 3338.4, "fair_value": 3040.660256, "relative_strength": -15.01513, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 15.977294, "energy": 16.170267, "activity_lines": [ 3383.2, 3385.254545, 3345.361905, 3332.578495 ] }, { "date": "2025-05-16", "close": 3328.0, "volume": 45, "typical_volume": 11777.85, "trend": 3332.633333, "fair_value": 3043.775641, "relative_strength": -15.049402, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.07872, "energy": 8.494543, "activity_lines": [ 3359.533333, 3376.109091, 3347.161905, 3331.907527 ] }, { "date": "2025-05-23", "close": 3348.0, "volume": 10856, "typical_volume": 12082.75, "trend": 3327.9, "fair_value": 3048.544872, "relative_strength": -12.987436, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.815373, "energy": 20.441578, "activity_lines": [ 3349.4, 3371.490909, 3350.752381, 3332.898925 ] }, { "date": "2025-05-30", "close": 3329.0, "volume": 1394, "typical_volume": 11660.7, "trend": 3325.633333, "fair_value": 3052.839744, "relative_strength": -16.503904, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.880159, "energy": 18.261194, "activity_lines": [ 3338.4, 3363.2, 3352.2, 3332.969892 ] }, { "date": "2025-06-06", "close": 3278.0, "volume": 9297, "typical_volume": 11557.9, "trend": 3322.533333, "fair_value": 3056.846154, "relative_strength": -18.36741, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.756123, "energy": 20.655879, "activity_lines": [ 3317.2, 3345.563636, 3348.27619, 3329.896774 ] }, { "date": "2025-06-13", "close": 3291.0, "volume": 50510, "typical_volume": 13641.6, "trend": 3318.233333, "fair_value": 3060.935897, "relative_strength": -16.330997, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.215579, "energy": 23.561447, "activity_lines": [ 3305.2, 3330.836364, 3345.02381, 3327.862366 ] }, { "date": "2025-06-20", "close": 3228.0, "volume": 5990, "typical_volume": 13029.2, "trend": 3312.666667, "fair_value": 3065.224359, "relative_strength": -21.511039, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -35.82619, "energy": 46.89883, "activity_lines": [ 3276.266667, 3307.4, 3335.019048, 3322.04086 ] }, { "date": "2025-06-27", "close": 3139.0, "volume": 7901, "typical_volume": 12906.25, "trend": 3303.733333, "fair_value": 3068.49359, "relative_strength": -24.955262, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.307305, "energy": 65.464571, "activity_lines": [ 3224.333333, 3271.472727, 3316.557143, 3310.836559 ] }, { "date": "2025-07-04", "close": 3177.0, "volume": 6632, "typical_volume": 12964.75, "trend": 3297.433333, "fair_value": 3071.474359, "relative_strength": -26.532973, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.220621, "energy": 70.457555, "activity_lines": [ 3199.0, 3247.745455, 3302.061905, 3302.660215 ] }, { "date": "2025-07-11", "close": 3071.0, "volume": 20653, "typical_volume": 13269.95, "trend": 3288.8, "fair_value": 3073.423077, "relative_strength": -29.073477, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -90.714121, "energy": 93.50142, "activity_lines": [ 3148.466667, 3209.363636, 3277.928571, 3288.051613 ] }, { "date": "2025-07-18", "close": 3102.0, "volume": 4639, "typical_volume": 11475.5, "trend": 3282.433333, "fair_value": 3075.833333, "relative_strength": -26.689087, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.552673, "energy": 90.636668, "activity_lines": [ 3122.066667, 3181.709091, 3257.585714, 3276.0 ] }, { "date": "2025-07-25", "close": 3098.0, "volume": 3377, "typical_volume": 10807.45, "trend": 3275.566667, "fair_value": 3078.288462, "relative_strength": -26.921559, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.574512, "energy": 88.803384, "activity_lines": [ 3106.933333, 3157.872727, 3237.995238, 3264.101075 ] }, { "date": "2025-08-01", "close": 3112.0, "volume": 39032, "typical_volume": 11449.4, "trend": 3270.033333, "fair_value": 3080.820513, "relative_strength": -25.550906, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.796178, "energy": 86.909309, "activity_lines": [ 3105.133333, 3140.763636, 3221.066667, 3253.548387 ] }, { "date": "2025-08-08", "close": 3186.0, "volume": 16477, "typical_volume": 11327.9, "trend": 3268.866667, "fair_value": 3083.724359, "relative_strength": -21.099162, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.771597, "energy": 58.099586, "activity_lines": [ 3129.8, 3141.4, 3212.252381, 3248.126882 ] }, { "date": "2025-08-15", "close": 3211.0, "volume": 8024, "typical_volume": 11536.0, "trend": 3270.6, "fair_value": 3087.339744, "relative_strength": -20.674299, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.038145, "energy": 39.893174, "activity_lines": [ 3162.2, 3149.181818, 3206.480952, 3244.393548 ] }, { "date": "2025-08-22", "close": 3249.0, "volume": 26713, "typical_volume": 12403.4, "trend": 3274.466667, "fair_value": 3090.788462, "relative_strength": -19.972584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.387035, "energy": 28.228724, "activity_lines": [ 3197.933333, 3165.090909, 3204.790476, 3243.0 ] }, { "date": "2025-08-29", "close": 3087.0, "volume": 18082, "typical_volume": 12890.05, "trend": 3269.633333, "fair_value": 3093.294872, "relative_strength": -25.099598, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.35086, "energy": 31.884186, "activity_lines": [ 3169.866667, 3152.309091, 3188.590476, 3230.905376 ] }, { "date": "2025-09-05", "close": 3108.0, "volume": 3266, "typical_volume": 13008.0, "trend": 3266.166667, "fair_value": 3096.160256, "relative_strength": -23.298357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.042007, "energy": 32.252739, "activity_lines": [ 3149.533333, 3145.909091, 3176.028571, 3220.477419 ] }, { "date": "2025-09-12", "close": 3057.0, "volume": 9780, "typical_volume": 12635.5, "trend": 3258.966667, "fair_value": 3098.275641, "relative_strength": -24.917273, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.378416, "energy": 52.757863, "activity_lines": [ 3112.466667, 3130.8, 3160.142857, 3206.982796 ] }, { "date": "2025-09-19", "close": 3043.0, "volume": 5435, "typical_volume": 12839.75, "trend": 3252.166667, "fair_value": 3100.737179, "relative_strength": -22.684276, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.807175, "energy": 76.615157, "activity_lines": [ 3079.333333, 3115.327273, 3144.704762, 3193.049462 ] }, { "date": "2025-10-03", "close": 2977.0, "volume": 14207, "typical_volume": 13115.5, "trend": 3240.066667, "fair_value": 3102.679487, "relative_strength": -27.649564, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.055527, "energy": 90.632796, "activity_lines": [ 3035.4, 3088.363636, 3124.447619, 3175.296774 ] }, { "date": "2025-10-10", "close": 2923.0, "volume": 4719, "typical_volume": 13349.2, "trend": 3224.933333, "fair_value": 3104.448718, "relative_strength": -29.813838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.850546, "energy": 95.127019, "activity_lines": [ 2991.6, 3053.854545, 3100.833333, 3154.84086 ] }, { "date": "2025-10-17", "close": 3024.0, "volume": 7388, "typical_volume": 13175.8, "trend": 3214.533333, "fair_value": 3106.99359, "relative_strength": -25.105486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.314478, "energy": 86.191785, "activity_lines": [ 2992.4, 3040.890909, 3088.766667, 3141.877419 ] }, { "date": "2025-10-24", "close": 3030.0, "volume": 7998, "typical_volume": 13506.0, "trend": 3204.7, "fair_value": 3109.628205, "relative_strength": -23.835224, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.382524, "energy": 77.732897, "activity_lines": [ 3000.8, 3030.618182, 3078.814286, 3129.972043 ] }, { "date": "2025-10-31", "close": 2877.0, "volume": 10318, "typical_volume": 13557.05, "trend": 3190.333333, "fair_value": 3111.057692, "relative_strength": -28.504816, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.969438, "energy": 70.14915, "activity_lines": [ 2960.0, 2995.363636, 3055.714286, 3108.830108 ] }, { "date": "2025-11-07", "close": 2843.0, "volume": 38080, "typical_volume": 12935.55, "trend": 3170.366667, "fair_value": 3111.74359, "relative_strength": -29.917942, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.890412, "energy": 71.433106, "activity_lines": [ 2918.933333, 2960.0, 3031.285714, 3086.421505 ] }, { "date": "2025-11-14", "close": 2860.0, "volume": 7012, "typical_volume": 12986.65, "trend": 3151.333333, "fair_value": 3112.339744, "relative_strength": -30.773679, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.042729, "energy": 77.433229, "activity_lines": [ 2892.466667, 2935.109091, 3010.609524, 3066.397849 ] }, { "date": "2025-11-21", "close": 2871.0, "volume": 10973, "typical_volume": 13140.25, "trend": 3132.7, "fair_value": 3112.698718, "relative_strength": -28.208573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.482767, "energy": 82.409894, "activity_lines": [ 2873.866667, 2916.345455, 2992.733333, 3048.311828 ] }, { "date": "2025-11-28", "close": 2976.0, "volume": 3547, "typical_volume": 12986.0, "trend": 3117.533333, "fair_value": 3113.916667, "relative_strength": -25.520044, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.522316, "energy": 60.203136, "activity_lines": [ 2900.466667, 2920.981818, 2986.133333, 3038.202151 ] }, { "date": "2025-12-05", "close": 2943.0, "volume": 2932, "typical_volume": 12099.95, "trend": 3103.933333, "fair_value": 3114.730769, "relative_strength": -27.992995, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.12673, "energy": 53.164578, "activity_lines": [ 2919.666667, 2921.090909, 2977.347619, 3026.941935 ] }, { "date": "2025-12-12", "close": 2904.0, "volume": 10439, "typical_volume": 12389.95, "trend": 3089.0, "fair_value": 3114.961538, "relative_strength": -30.654692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.406783, "energy": 43.046533, "activity_lines": [ 2921.466667, 2915.927273, 2965.457143, 3014.043011 ] }, { "date": "2025-12-19", "close": 2956.0, "volume": 55838, "typical_volume": 15013.0, "trend": 3076.6, "fair_value": 3115.628205, "relative_strength": -29.255902, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.719134, "energy": 27.801547, "activity_lines": [ 2936.533333, 2921.545455, 2959.461905, 3005.462366 ] }, { "date": "2025-12-26", "close": 2876.0, "volume": 9053, "typical_volume": 13514.05, "trend": 3060.866667, "fair_value": 3115.852564, "relative_strength": -29.3489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.431883, "energy": 39.563091, "activity_lines": [ 2918.533333, 2912.018182, 2946.52381, 2992.52043 ] }, { "date": "2026-01-02", "close": 2889.0, "volume": 3872, "typical_volume": 12883.8, "trend": 3046.2, "fair_value": 3116.282051, "relative_strength": -30.072695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.07827, "energy": 45.477252, "activity_lines": [ 2904.533333, 2907.545455, 2935.947619, 2981.432258 ] }, { "date": "2026-01-09", "close": 2828.0, "volume": 48458, "typical_volume": 14905.5, "trend": 3031.2, "fair_value": 3115.826923, "relative_strength": -33.719982, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.056241, "energy": 55.656046, "activity_lines": [ 2876.0, 2894.545455, 2920.97619, 2967.354839 ] }, { "date": "2026-01-16", "close": 2955.0, "volume": 17622, "typical_volume": 14450.95, "trend": 3020.0, "fair_value": 3116.320513, "relative_strength": -32.059634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.226014, "energy": 42.799398, "activity_lines": [ 2897.466667, 2905.527273, 2919.92381, 2962.43871 ] }, { "date": "2026-01-23", "close": 3025.0, "volume": 2590, "typical_volume": 13676.35, "trend": 3013.233333, "fair_value": 3117.467949, "relative_strength": -30.102948, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -6.0531, "energy": 8.039384, "activity_lines": [ 2938.866667, 2927.2, 2926.938095, 2962.76129 ] }, { "date": "2026-01-30", "close": 2953.0, "volume": 5285, "typical_volume": 13777.3, "trend": 3007.033333, "fair_value": 3119.057692, "relative_strength": -31.441488, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -18.645565, "energy": 15.519464, "activity_lines": [ 2951.666667, 2932.781818, 2927.390476, 2958.875269 ] }, { "date": "2026-02-06", "close": 3143.0, "volume": 22621, "typical_volume": 14419.35, "trend": 3005.9, "fair_value": 3121.673077, "relative_strength": -27.190071, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 43.02625, "energy": 42.819781, "activity_lines": [ 3022.666667, 2971.418182, 2946.67619, 2967.647312 ] }, { "date": "2026-02-13", "close": 3111.0, "volume": 2725, "typical_volume": 14283.85, "trend": 3007.233333, "fair_value": 3123.775641, "relative_strength": -29.294332, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.843128, "energy": 57.882215, "activity_lines": [ 3066.066667, 3001.2, 2962.504762, 2974.427957 ] }, { "date": "2026-02-20", "close": 3197.0, "volume": 22984, "typical_volume": 14722.7, "trend": 3010.4, "fair_value": 3126.435897, "relative_strength": -27.67179, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.525322, "energy": 72.259285, "activity_lines": [ 3119.266667, 3043.563636, 2986.2, 2986.670968 ] }, { "date": "2026-03-06", "close": 3157.0, "volume": 2344, "typical_volume": 14603.95, "trend": 3012.366667, "fair_value": 3128.544872, "relative_strength": -29.88743, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.384841, "energy": 75.268653, "activity_lines": [ 3143.0, 3073.327273, 3005.038095, 2996.129032 ] }, { "date": "2026-03-13", "close": 3076.0, "volume": 28607, "typical_volume": 15664.9, "trend": 3011.166667, "fair_value": 3129.679487, "relative_strength": -27.93139, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.84421, "energy": 63.159595, "activity_lines": [ 3130.933333, 3084.709091, 3015.047619, 3000.234409 ] }, { "date": "2026-03-20", "close": 3024.0, "volume": 6655, "typical_volume": 15597.75, "trend": 3005.766667, "fair_value": 3130.634615, "relative_strength": -30.514473, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.90084, "energy": 35.640446, "activity_lines": [ 3093.333333, 3083.0, 3019.857143, 3001.062366 ] }, { "date": "2026-03-27", "close": 2958.0, "volume": 21964, "typical_volume": 16180.05, "trend": 2997.333333, "fair_value": 3131.397436, "relative_strength": -27.650435, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 26.950705, "energy": 17.212602, "activity_lines": [ 3041.666667, 3066.836364, 3018.409524, 2997.980645 ] }, { "date": "2026-04-03", "close": 3019.0, "volume": 5109, "typical_volume": 14531.5, "trend": 2989.666667, "fair_value": 3132.442308, "relative_strength": -26.872438, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.450153, "energy": 26.116217, "activity_lines": [ 3020.533333, 3059.4, 3022.385714, 2999.378495 ] }, { "date": "2026-04-10", "close": 2951.0, "volume": 25534, "typical_volume": 15457.6, "trend": 2985.133333, "fair_value": 3132.961538, "relative_strength": -31.69823, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.107188, "energy": 22.650911, "activity_lines": [ 2988.6, 3038.436364, 3019.047619, 2996.883871 ] }, { "date": "2026-04-17", "close": 2821.0, "volume": 8317, "typical_volume": 15324.8, "trend": 2975.566667, "fair_value": 3132.333333, "relative_strength": -33.148168, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -40.258437, "energy": 39.254479, "activity_lines": [ 2927.066667, 2995.181818, 3002.895238, 2986.294624 ] }, { "date": "2026-04-24", "close": 2862.0, "volume": 3607, "typical_volume": 15327.8, "trend": 2969.066667, "fair_value": 3131.698718, "relative_strength": -30.428438, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.003477, "energy": 51.203126, "activity_lines": [ 2896.2, 2961.781818, 2990.885714, 2978.967742 ] }, { "date": "2026-05-01", "close": 2868.0, "volume": 4896, "typical_volume": 15426.0, "trend": 2963.233333, "fair_value": 3130.641026, "relative_strength": -30.231223, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.389685, "energy": 57.372068, "activity_lines": [ 2878.133333, 2934.581818, 2979.990476, 2972.447312 ] }, { "date": "2026-05-08", "close": 2848.0, "volume": 9688, "typical_volume": 15388.45, "trend": 2958.933333, "fair_value": 3129.442308, "relative_strength": -31.036407, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.988193, "energy": 61.878398, "activity_lines": [ 2859.4, 2908.163636, 2967.547619, 2965.012903 ] }, { "date": "2026-05-15", "close": 2874.0, "volume": 19920, "typical_volume": 13592.55, "trend": 2957.3, "fair_value": 3128.294872, "relative_strength": -27.304541, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.317829, "energy": 60.522237, "activity_lines": [ 2860.733333, 2892.818182, 2957.847619, 2959.533333 ] }, { "date": "2026-05-22", "close": 2917.0, "volume": 11693, "typical_volume": 13724.55, "trend": 2953.733333, "fair_value": 3127.166667, "relative_strength": -25.404089, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.471386, "energy": 33.798239, "activity_lines": [ 2881.533333, 2890.436364, 2952.633333, 2956.933333 ] }, { "date": "2026-05-29", "close": 2789.0, "volume": 6916, "typical_volume": 13876.75, "trend": 2945.7, "fair_value": 3125.397436, "relative_strength": -28.692695, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.167611, "energy": 44.413285, "activity_lines": [ 2853.266667, 2867.672727, 2935.033333, 2946.305376 ] }, { "date": "2026-06-05", "close": 2803.0, "volume": 25319, "typical_volume": 12719.8, "trend": 2943.233333, "fair_value": 3123.801282, "relative_strength": -24.123445, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -68.967667, "energy": 48.394667, "activity_lines": [ 2834.533333, 2851.727273, 2919.242857, 2937.098925 ] }, { "date": "2026-06-12", "close": 28.96, "volume": 2996, "typical_volume": 11988.5, "trend": 2849.432, "fair_value": 3104.704872, "relative_strength": -99.208166, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.925966, "energy": 98.324048, "activity_lines": [ 1895.453333, 2334.229091, 2639.377143, 2749.08129 ] }, { "date": "2026-06-19", "close": 28.54, "volume": 1444, "typical_volume": 11931.2, "trend": 2755.05, "fair_value": 3085.766026, "relative_strength": -99.15923, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -97.242724, "energy": 99.022125, "activity_lines": [ 1144.169333, 1871.018909, 2373.404952, 2567.088258 ] }, { "date": "2026-06-26", "close": 29.54, "volume": 289, "typical_volume": 11681.4, "trend": 2660.334667, "fair_value": 3067.218205, "relative_strength": -99.078487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.631766, "energy": 98.820587, "activity_lines": [ 582.916, 1461.126182, 2121.796857, 2391.248903 ] }, { "date": "2026-07-03", "close": 29.35, "volume": 10540, "typical_volume": 11077.35, "trend": 2562.113, "fair_value": 3048.707628, "relative_strength": -99.080503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.43415, "energy": 94.901916, "activity_lines": [ 214.096667, 1101.952727, 1884.091905, 2221.507957 ] }, { "date": "2026-07-10", "close": 30.02, "volume": 9415, "typical_volume": 11411.85, "trend": 2465.013667, "fair_value": 3030.015449, "relative_strength": -99.017434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.666499, "energy": 89.032953, "activity_lines": [ 29.477333, 794.403818, 1661.277667, 2058.147118 ] }, { "date": "2026-07-17", "close": 29.15, "volume": 11887, "typical_volume": 10857.0, "trend": 2369.185333, "fair_value": 3010.997179, "relative_strength": -99.039958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.693316, "energy": 89.038772, "activity_lines": [ 29.433333, 538.296364, 1453.051905, 1900.994624 ] }, { "date": "2026-07-24", "close": 29.95, "volume": 1662, "typical_volume": 10822.9, "trend": 2271.650333, "fair_value": 2991.682756, "relative_strength": -99.013933, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.324859, "energy": 80.399191, "activity_lines": [ 29.643333, 333.586182, 1259.987333, 1750.076215 ] }, { "date": "2026-07-31", "close": 30.46, "volume": 5357, "typical_volume": 9660.4, "trend": 2176.799, "fair_value": 2972.954936, "relative_strength": -98.942959, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.959888, "energy": 68.002484, "activity_lines": [ 29.929333, 180.678727, 1081.862048, 1605.48329 ] }, { "date": "2026-08-07", "close": 30.15, "volume": 8980, "typical_volume": 9776.65, "trend": 2081.504, "fair_value": 2954.116154, "relative_strength": -98.92853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.544708, "energy": 67.336783, "activity_lines": [ 30.050667, 80.197455, 918.20981, 1466.989806 ] } ], "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." } } }