{ "ticker": { "uuid": "b29a754a-b870-4993-8413-080c8901dc93", "symbol": "BBUS", "name": "JPMORGAN BETABUILDERS U.S. EQUITY ETF", "exchange": "CBOE", "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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 91.052, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 80.418, "architecture_energy": 54.962, "architecture_maturity": 49.586, "architecture_confidence": 81.627, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 21.58, "rotation_up": 56.04, "upward_expansion": 80.98, "deceleration": 60.37, "rotation_down": 25.19, "downward_expansion": 7.64 }, "activity_lines": [ 135.952667, 135.044141, 133.678386, 131.06029 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 139.5, "trend_reference": 128.140502, "distance_from_trend": 0.088649, "trend_direction": "Improving", "fair_value": 105.098654, "distance_from_fair_value": 0.327324, "fair_value_direction": "Improving", "relative_strength": -0.296951, "relative_strength_direction": "Improving", "price_momentum": 0.123408, "excess_performance": -0.002217, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.088649, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.0319, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.327324, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.005883, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00297, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.003738, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.123408, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.738287, "read": "Demand-led" } ], "volume": { "latest": 1214275, "relative_activity": 1.098628, "balance": 2.738287, "dry_up": 0.93816, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.025031, "annualized_volatility": 0.141488, "from_high_reference": -0.003714, "from_low_reference": 0.229839 }, "levels": { "trend_reference": 128.140502, "fair_value_reference": 105.098654, "structural_low": 113.4295, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 40, "median_return": 0.018903, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": -0.000163, "regime_survival": 0.775, "best_return": 0.069224, "worst_return": -0.050138, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": 0.041336, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": -0.000526, "regime_survival": 0.571429, "best_return": 0.134075, "worst_return": -0.052334, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.090258, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": -0.001736, "regime_survival": 0.625, "best_return": 0.16729, "worst_return": -0.167045, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.178088, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.001459, "regime_survival": 0.5, "best_return": 0.307086, "worst_return": -0.114963, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-09", "tenure": "Developing", "return": 0.009583, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.017804, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-10", "tenure": "Established", "return": 0.085155, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.008506, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.013139, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.017202, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": -0.090202, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.115883, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.01822, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.043233, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-02-13", "tenure": "Extended", "return": 0.087038, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-03-20", "tenure": "Developing", "return": -0.056526, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.123804, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.076521, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 75.864695, "volume": 462737, "typical_volume": 595879.9, "trend": 72.837671, "fair_value": 70.374585, "relative_strength": 0.118819, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.45732, "energy": 46.009473, "activity_lines": [ 77.330157, 77.436331, 76.061421, 74.602315 ] }, { "date": "2023-08-25", "close": 76.492475, "volume": 749556, "typical_volume": 619922.55, "trend": 73.057923, "fair_value": 70.485181, "relative_strength": 0.15195, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.782016, "energy": 30.909672, "activity_lines": [ 76.880732, 77.307797, 76.238997, 74.838109 ] }, { "date": "2023-09-01", "close": 78.559317, "volume": 352135, "typical_volume": 622286.3, "trend": 73.307733, "fair_value": 70.617717, "relative_strength": 0.296082, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.336956, "energy": 36.367866, "activity_lines": [ 77.265126, 77.55048, 76.585728, 75.193038 ] }, { "date": "2023-09-08", "close": 77.622477, "volume": 255766, "typical_volume": 625163.45, "trend": 73.55126, "fair_value": 70.754351, "relative_strength": 0.359461, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.313946, "energy": 30.352504, "activity_lines": [ 77.400984, 77.562772, 76.808412, 75.471408 ] }, { "date": "2023-09-15", "close": 77.487263, "volume": 550324, "typical_volume": 643741.7, "trend": 73.79188, "fair_value": 70.891304, "relative_strength": 0.310921, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.489649, "energy": 35.136364, "activity_lines": [ 77.496921, 77.53889, 76.987671, 75.725344 ] }, { "date": "2023-09-22", "close": 75.191361, "volume": 241738, "typical_volume": 645968.1, "trend": 74.02121, "fair_value": 71.015536, "relative_strength": 0.263108, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.391185, "energy": 21.907976, "activity_lines": [ 76.825626, 77.074568, 76.920707, 75.815633 ] }, { "date": "2023-09-29", "close": 74.706756, "volume": 399204, "typical_volume": 657527.85, "trend": 74.188974, "fair_value": 71.130465, "relative_strength": 0.300794, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.394883, "energy": 10.54176, "activity_lines": [ 76.037686, 76.574766, 76.788757, 75.859862 ] }, { "date": "2023-10-06", "close": 75.09444, "volume": 308961, "typical_volume": 659550.3, "trend": 74.478716, "fair_value": 71.234258, "relative_strength": 0.335509, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.47616, "energy": 17.771315, "activity_lines": [ 75.498021, 76.217431, 76.676654, 75.918279 ] }, { "date": "2023-10-13", "close": 75.423972, "volume": 248380, "typical_volume": 656042.35, "trend": 74.743943, "fair_value": 71.339186, "relative_strength": 0.310701, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.177403, "energy": 21.933769, "activity_lines": [ 75.299192, 76.000393, 76.582652, 75.979263 ] }, { "date": "2023-10-20", "close": 73.524319, "volume": 246468, "typical_volume": 657731.9, "trend": 74.914198, "fair_value": 71.434013, "relative_strength": 0.172703, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.461266, "energy": 42.931146, "activity_lines": [ 74.613712, 75.479341, 76.294526, 75.900578 ] }, { "date": "2023-10-27", "close": 71.721587, "volume": 284308, "typical_volume": 619346.5, "trend": 74.946087, "fair_value": 71.538745, "relative_strength": 0.212292, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.198986, "energy": 60.174303, "activity_lines": [ 73.591518, 74.702046, 75.837383, 75.694603 ] }, { "date": "2023-11-03", "close": 75.96673, "volume": 711978, "typical_volume": 609806.25, "trend": 75.122368, "fair_value": 71.643532, "relative_strength": 0.272497, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.96761, "energy": 27.763057, "activity_lines": [ 74.215689, 74.771925, 75.796985, 75.760451 ] }, { "date": "2023-11-10", "close": 76.974709, "volume": 340862, "typical_volume": 421607.6, "trend": 75.313321, "fair_value": 71.747496, "relative_strength": 0.233384, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.779664, "energy": 10.627421, "activity_lines": [ 75.091856, 75.034631, 75.853892, 75.879957 ] }, { "date": "2023-11-17", "close": 78.77744, "volume": 489986, "typical_volume": 415441.85, "trend": 75.565648, "fair_value": 71.864236, "relative_strength": 0.255861, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.657207, "energy": 25.486202, "activity_lines": [ 76.443581, 75.653918, 76.074304, 76.103448 ] }, { "date": "2023-11-24", "close": 79.591577, "volume": 731119, "typical_volume": 438071.3, "trend": 75.828752, "fair_value": 71.976811, "relative_strength": 0.280607, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 71.924175, "energy": 50.928128, "activity_lines": [ 77.843121, 76.400231, 76.363717, 76.363186 ] }, { "date": "2023-12-01", "close": 80.425099, "volume": 479758, "typical_volume": 444574.0, "trend": 76.135039, "fair_value": 72.08782, "relative_strength": 0.481221, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.163001, "energy": 76.061752, "activity_lines": [ 79.116018, 77.259833, 76.716468, 76.659724 ] }, { "date": "2023-12-08", "close": 80.580172, "volume": 634977, "typical_volume": 424542.35, "trend": 76.450345, "fair_value": 72.202989, "relative_strength": 0.422718, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.664471, "energy": 82.14336, "activity_lines": [ 79.860372, 78.052471, 77.07285, 76.946507 ] }, { "date": "2023-12-15", "close": 82.649437, "volume": 1576488, "typical_volume": 482288.75, "trend": 76.795168, "fair_value": 72.325632, "relative_strength": 0.574929, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.157282, "energy": 88.276463, "activity_lines": [ 80.986918, 79.11455, 77.617187, 77.346448 ] }, { "date": "2023-12-22", "close": 83.368148, "volume": 440651, "typical_volume": 486175.15, "trend": 77.152399, "fair_value": 72.452645, "relative_strength": 0.505769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.220205, "energy": 91.578693, "activity_lines": [ 81.974719, 80.169939, 78.21505, 77.770512 ] }, { "date": "2023-12-29", "close": 83.640816, "volume": 561738, "typical_volume": 503356.7, "trend": 77.47092, "fair_value": 72.577038, "relative_strength": 0.467023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.971535, "energy": 91.334856, "activity_lines": [ 82.747362, 81.130466, 78.811888, 78.189119 ] }, { "date": "2024-01-05", "close": 82.267739, "volume": 746334, "typical_volume": 517536.55, "trend": 77.735331, "fair_value": 72.684191, "relative_strength": 0.361966, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.560674, "energy": 85.693924, "activity_lines": [ 82.792363, 81.657405, 79.248517, 78.498591 ] }, { "date": "2024-01-12", "close": 83.894007, "volume": 538108, "typical_volume": 506964.15, "trend": 77.990433, "fair_value": 72.807754, "relative_strength": 0.451674, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.248044, "energy": 85.47381, "activity_lines": [ 83.256611, 82.288282, 79.809537, 78.895925 ] }, { "date": "2024-01-19", "close": 84.848344, "volume": 895748, "typical_volume": 534144.8, "trend": 78.31017, "fair_value": 72.929116, "relative_strength": 0.372469, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.92135, "energy": 82.327143, "activity_lines": [ 83.81805, 82.948541, 80.426201, 79.338371 ] }, { "date": "2024-01-26", "close": 85.773467, "volume": 643411, "typical_volume": 553527.05, "trend": 78.603117, "fair_value": 73.069932, "relative_strength": 0.418297, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.067065, "energy": 84.572994, "activity_lines": [ 84.541268, 83.633849, 81.101025, 79.819874 ] }, { "date": "2024-02-02", "close": 86.932304, "volume": 588314, "typical_volume": 555426.55, "trend": 78.960126, "fair_value": 73.198728, "relative_strength": 0.336611, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.33443, "energy": 94.135298, "activity_lines": [ 85.490412, 84.402653, 81.8474, 80.357241 ] }, { "date": "2024-02-09", "close": 88.208, "volume": 698869, "typical_volume": 578283.1, "trend": 79.297524, "fair_value": 73.329718, "relative_strength": 0.406246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.043955, "energy": 94.939588, "activity_lines": [ 86.645354, 85.269934, 82.670293, 80.953878 ] }, { "date": "2024-02-16", "close": 87.94507, "volume": 1433883, "typical_volume": 630017.05, "trend": 79.606841, "fair_value": 73.462254, "relative_strength": 0.43594, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.931487, "energy": 91.793643, "activity_lines": [ 87.316636, 85.947902, 83.406161, 81.511784 ] }, { "date": "2024-02-23", "close": 89.288932, "volume": 586379, "typical_volume": 643887.95, "trend": 79.932623, "fair_value": 73.615432, "relative_strength": 0.28684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.06457, "energy": 92.02442, "activity_lines": [ 88.165801, 86.736302, 84.206977, 82.136435 ] }, { "date": "2024-03-01", "close": 90.214055, "volume": 463869, "typical_volume": 654662.4, "trend": 80.349767, "fair_value": 73.772267, "relative_strength": 0.328254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.590803, "energy": 82.749995, "activity_lines": [ 89.027301, 87.572188, 85.028306, 82.799754 ] }, { "date": "2024-03-08", "close": 89.990078, "volume": 677151, "typical_volume": 676196.55, "trend": 80.767493, "fair_value": 73.915997, "relative_strength": 0.287435, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.512902, "energy": 70.285524, "activity_lines": [ 89.518103, 88.24288, 85.757876, 83.421709 ] }, { "date": "2024-03-15", "close": 89.853744, "volume": 566346, "typical_volume": 690298.45, "trend": 81.233795, "fair_value": 74.062324, "relative_strength": 0.185329, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.634856, "energy": 68.505363, "activity_lines": [ 89.759609, 88.773343, 86.396053, 84.007919 ] }, { "date": "2024-03-22", "close": 91.911178, "volume": 605018, "typical_volume": 684950.45, "trend": 81.747751, "fair_value": 74.216014, "relative_strength": 0.231462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.952128, "energy": 73.279859, "activity_lines": [ 90.577209, 89.539957, 87.143832, 84.696782 ] }, { "date": "2024-03-29", "close": 92.194312, "volume": 723013, "typical_volume": 704058.0, "trend": 82.202251, "fair_value": 74.36594, "relative_strength": 0.173037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.886327, "energy": 71.530638, "activity_lines": [ 91.224781, 90.212283, 87.842651, 85.370754 ] }, { "date": "2024-04-05", "close": 91.432779, "volume": 568579, "typical_volume": 707987.65, "trend": 82.662595, "fair_value": 74.498686, "relative_strength": 0.22247, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.814616, "energy": 66.724607, "activity_lines": [ 91.424816, 90.612586, 88.396469, 85.966272 ] }, { "date": "2024-04-12", "close": 90.065925, "volume": 771586, "typical_volume": 710011.0, "trend": 83.081883, "fair_value": 74.61613, "relative_strength": 0.177537, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.580877, "energy": 64.648364, "activity_lines": [ 91.087985, 90.661473, 88.759846, 86.443906 ] }, { "date": "2024-04-19", "close": 87.302927, "volume": 1398437, "typical_volume": 755944.95, "trend": 83.485602, "fair_value": 74.716284, "relative_strength": 0.169811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.617018, "energy": 44.809102, "activity_lines": [ 89.825098, 90.151022, 88.810203, 86.716232 ] }, { "date": "2024-04-26", "close": 89.616816, "volume": 701410, "typical_volume": 759266.6, "trend": 83.982604, "fair_value": 74.831029, "relative_strength": 0.158865, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.721822, "energy": 31.4115, "activity_lines": [ 89.503562, 90.077734, 89.048178, 87.111794 ] }, { "date": "2024-05-03", "close": 90.212373, "volume": 518703, "typical_volume": 706377.35, "trend": 84.486535, "fair_value": 74.945333, "relative_strength": 0.212901, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.212238, "energy": 25.515724, "activity_lines": [ 89.533503, 90.082334, 89.299842, 87.513714 ] }, { "date": "2024-05-10", "close": 91.813545, "volume": 1658678, "typical_volume": 767278.7, "trend": 85.032854, "fair_value": 75.07656, "relative_strength": 0.110906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.333732, "energy": 34.891565, "activity_lines": [ 90.229296, 90.361266, 89.667984, 87.986425 ] }, { "date": "2024-05-17", "close": 93.346375, "volume": 389816, "typical_volume": 758682.6, "trend": 85.69359, "fair_value": 75.218847, "relative_strength": 0.115357, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 78.213351, "energy": 55.990359, "activity_lines": [ 91.410649, 90.889813, 90.141894, 88.522781 ] }, { "date": "2024-05-24", "close": 93.307322, "volume": 431466, "typical_volume": 742939.2, "trend": 86.413114, "fair_value": 75.35497, "relative_strength": 0.067198, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.401648, "energy": 72.592162, "activity_lines": [ 92.360287, 91.350235, 90.565868, 89.013989 ] }, { "date": "2024-05-31", "close": 92.702001, "volume": 597511, "typical_volume": 745909.35, "trend": 86.970956, "fair_value": 75.484573, "relative_strength": -0.193177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.390525, "energy": 71.324894, "activity_lines": [ 92.707859, 91.637807, 90.879623, 89.419724 ] }, { "date": "2024-06-07", "close": 94.020039, "volume": 758617, "typical_volume": 739052.8, "trend": 87.539134, "fair_value": 75.620226, "relative_strength": -0.039687, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.38923, "energy": 77.780358, "activity_lines": [ 93.289097, 92.150644, 91.276962, 89.874504 ] }, { "date": "2024-06-14", "close": 95.543105, "volume": 427928, "typical_volume": 728278.65, "trend": 88.09799, "fair_value": 75.773621, "relative_strength": -0.068917, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.225147, "energy": 78.450112, "activity_lines": [ 94.12418, 92.907206, 91.77568, 90.390889 ] }, { "date": "2024-06-21", "close": 96.09961, "volume": 628505, "typical_volume": 730288.2, "trend": 88.648257, "fair_value": 75.91757, "relative_strength": -0.13239, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.510553, "energy": 77.774616, "activity_lines": [ 94.896127, 93.690219, 92.280877, 90.907122 ] }, { "date": "2024-06-28", "close": 96.1116, "volume": 602627, "typical_volume": 725476.1, "trend": 89.171141, "fair_value": 76.054136, "relative_strength": -0.072039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.769953, "energy": 79.469318, "activity_lines": [ 95.488522, 94.365708, 92.743562, 91.388628 ] }, { "date": "2024-07-05", "close": 98.011891, "volume": 939655, "typical_volume": 700764.7, "trend": 89.752198, "fair_value": 76.200958, "relative_strength": -0.015796, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.858034, "energy": 88.027955, "activity_lines": [ 96.527396, 95.226546, 93.349591, 91.958999 ] }, { "date": "2024-07-12", "close": 98.913059, "volume": 1194819, "typical_volume": 731186.7, "trend": 90.294319, "fair_value": 76.358551, "relative_strength": -0.064703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.944871, "energy": 90.321215, "activity_lines": [ 97.512666, 96.098596, 93.993508, 92.550023 ] }, { "date": "2024-07-19", "close": 96.983383, "volume": 584637, "typical_volume": 737225.1, "trend": 90.74816, "fair_value": 76.493184, "relative_strength": -0.053629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.085762, "energy": 77.827871, "activity_lines": [ 97.528509, 96.461601, 94.407817, 92.981575 ] }, { "date": "2024-07-26", "close": 96.180167, "volume": 482128, "typical_volume": 727473.95, "trend": 91.166138, "fair_value": 76.624955, "relative_strength": -0.055057, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.489625, "energy": 59.826685, "activity_lines": [ 97.180595, 96.58457, 94.713394, 93.332027 ] }, { "date": "2024-08-02", "close": 94.083971, "volume": 681649, "typical_volume": 733239.1, "trend": 91.560013, "fair_value": 76.738596, "relative_strength": -0.118399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.193375, "energy": 39.38304, "activity_lines": [ 96.128579, 96.274889, 94.789857, 93.520275 ] }, { "date": "2024-08-09", "close": 94.201514, "volume": 866639, "typical_volume": 746320.15, "trend": 91.903596, "fair_value": 76.8495, "relative_strength": -0.015802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.725694, "energy": 22.789649, "activity_lines": [ 95.250919, 95.972458, 94.857371, 93.690694 ] }, { "date": "2024-08-16", "close": 97.933528, "volume": 454996, "typical_volume": 732919.3, "trend": 92.339769, "fair_value": 76.987818, "relative_strength": -0.057335, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.541159, "energy": 26.566787, "activity_lines": [ 95.871288, 96.321311, 95.269409, 94.079722 ] }, { "date": "2024-08-23", "close": 99.383234, "volume": 415209, "typical_volume": 725250.8, "trend": 92.793428, "fair_value": 77.127518, "relative_strength": 0.005817, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.748822, "energy": 40.239895, "activity_lines": [ 97.040196, 96.862593, 95.792184, 94.534139 ] }, { "date": "2024-08-30", "close": 99.677094, "volume": 2013132, "typical_volume": 787328.1, "trend": 93.218254, "fair_value": 77.266062, "relative_strength": 0.022792, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 72.070036, "energy": 51.722119, "activity_lines": [ 98.147066, 97.387484, 96.305086, 94.978246 ] }, { "date": "2024-09-06", "close": 95.4847, "volume": 481088, "typical_volume": 741460.65, "trend": 93.460811, "fair_value": 77.385974, "relative_strength": -0.04936, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.532948, "energy": 43.512282, "activity_lines": [ 97.623343, 97.085076, 96.372945, 95.124469 ] }, { "date": "2024-09-13", "close": 99.304872, "volume": 783740, "typical_volume": 745577.15, "trend": 93.839471, "fair_value": 77.533022, "relative_strength": -0.055986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.357826, "energy": 51.419171, "activity_lines": [ 98.279629, 97.488643, 96.76567, 95.501505 ] }, { "date": "2024-09-20", "close": 100.764373, "volume": 496573, "typical_volume": 744470.65, "trend": 94.221986, "fair_value": 77.687051, "relative_strength": -0.01071, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.623923, "energy": 53.846225, "activity_lines": [ 99.082192, 98.134065, 97.25126, 95.948273 ] }, { "date": "2024-09-27", "close": 101.370272, "volume": 491049, "typical_volume": 686089.2, "trend": 94.59386, "fair_value": 77.856731, "relative_strength": 0.020981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.999365, "energy": 49.978765, "activity_lines": [ 99.897997, 98.85599, 97.744308, 96.409453 ] }, { "date": "2024-10-04", "close": 101.606062, "volume": 351072, "typical_volume": 684152.0, "trend": 94.981059, "fair_value": 78.023578, "relative_strength": -0.012015, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.091057, "energy": 69.568995, "activity_lines": [ 100.659931, 99.541024, 98.214304, 96.861853 ] }, { "date": "2024-10-11", "close": 102.853787, "volume": 708598, "typical_volume": 698008.6, "trend": 95.414394, "fair_value": 78.189009, "relative_strength": 0.06001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.531394, "energy": 74.75798, "activity_lines": [ 101.709174, 100.354265, 98.763799, 97.369771 ] }, { "date": "2024-10-18", "close": 103.742717, "volume": 465820, "typical_volume": 691424.05, "trend": 95.808778, "fair_value": 78.352052, "relative_strength": 0.054086, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.529131, "energy": 79.440972, "activity_lines": [ 102.563456, 101.169679, 99.352495, 97.907082 ] }, { "date": "2024-10-25", "close": 102.749941, "volume": 414902, "typical_volume": 674238.3, "trend": 96.160633, "fair_value": 78.503118, "relative_strength": 0.041665, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.036374, "energy": 72.789761, "activity_lines": [ 102.790955, 101.631111, 99.794065, 98.354899 ] }, { "date": "2024-11-01", "close": 101.439044, "volume": 1028574, "typical_volume": 704270.6, "trend": 96.494175, "fair_value": 78.635643, "relative_strength": 0.143453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.555872, "energy": 60.211755, "activity_lines": [ 102.449118, 101.766627, 100.069218, 98.695441 ] }, { "date": "2024-11-08", "close": 106.262925, "volume": 964738, "typical_volume": 721082.25, "trend": 97.034075, "fair_value": 78.800357, "relative_strength": 0.138171, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.106851, "energy": 70.796493, "activity_lines": [ 103.710656, 102.741834, 100.775712, 99.325683 ] }, { "date": "2024-11-15", "close": 104.062213, "volume": 752389, "typical_volume": 728570.35, "trend": 97.592718, "fair_value": 78.949577, "relative_strength": 0.141185, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.919746, "energy": 54.560965, "activity_lines": [ 103.928166, 103.197169, 101.224217, 99.779112 ] }, { "date": "2024-11-22", "close": 105.958362, "volume": 520666, "typical_volume": 707620.9, "trend": 98.137436, "fair_value": 79.122839, "relative_strength": 0.286616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.715317, "energy": 62.310444, "activity_lines": [ 104.697164, 103.841304, 101.815448, 100.318831 ] }, { "date": "2024-11-29", "close": 107.156964, "volume": 533633, "typical_volume": 674561.6, "trend": 98.702256, "fair_value": 79.311449, "relative_strength": 0.233005, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.857718, "energy": 79.944036, "activity_lines": [ 105.717987, 104.582394, 102.482991, 100.900736 ] }, { "date": "2024-12-06", "close": 108.286793, "volume": 598349, "typical_volume": 675247.2, "trend": 99.251364, "fair_value": 79.488473, "relative_strength": 0.405795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.118065, "energy": 87.87411, "activity_lines": [ 106.821617, 105.412678, 103.21888, 101.519093 ] }, { "date": "2024-12-13", "close": 107.540123, "volume": 711105, "typical_volume": 686696.05, "trend": 99.724489, "fair_value": 79.670366, "relative_strength": 0.305211, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.524251, "energy": 87.380976, "activity_lines": [ 107.219841, 105.98145, 103.829832, 102.053852 ] }, { "date": "2024-12-20", "close": 105.408184, "volume": 730784, "typical_volume": 689152.8, "trend": 100.127851, "fair_value": 79.826744, "relative_strength": 0.155295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.959197, "energy": 71.325877, "activity_lines": [ 106.822272, 106.054704, 104.183647, 102.420542 ] }, { "date": "2024-12-27", "close": 106.061354, "volume": 475627, "typical_volume": 669602.2, "trend": 100.573163, "fair_value": 79.98319, "relative_strength": 0.121883, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.249735, "energy": 53.187066, "activity_lines": [ 106.552695, 106.200272, 104.545744, 102.803348 ] }, { "date": "2025-01-03", "close": 105.587998, "volume": 406255, "typical_volume": 667165.15, "trend": 100.958761, "fair_value": 80.148473, "relative_strength": 0.187001, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.39305, "energy": 37.907416, "activity_lines": [ 106.118466, 106.217619, 104.806285, 103.126886 ] }, { "date": "2025-01-10", "close": 103.615681, "volume": 618263, "typical_volume": 677317.85, "trend": 101.227847, "fair_value": 80.302808, "relative_strength": 0.253861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.431914, "energy": 22.456412, "activity_lines": [ 105.131397, 105.824762, 104.842535, 103.2983 ] }, { "date": "2025-01-17", "close": 106.662911, "volume": 689926, "typical_volume": 611157.55, "trend": 101.579957, "fair_value": 80.506417, "relative_strength": 0.246875, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.701825, "energy": 25.148303, "activity_lines": [ 105.471478, 105.946371, 105.148843, 103.648949 ] }, { "date": "2025-01-24", "close": 108.566197, "volume": 515882, "typical_volume": 612897.25, "trend": 101.99511, "fair_value": 80.718955, "relative_strength": 0.288257, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.031526, "energy": 37.894693, "activity_lines": [ 106.504468, 106.40676, 105.603151, 104.099675 ] }, { "date": "2025-01-31", "close": 107.570177, "volume": 815752, "typical_volume": 614497.85, "trend": 102.31372, "fair_value": 80.916508, "relative_strength": 0.376731, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.50578, "energy": 38.099856, "activity_lines": [ 106.994918, 106.604164, 105.900307, 104.459356 ] }, { "date": "2025-02-07", "close": 107.333499, "volume": 975984, "typical_volume": 638468.4, "trend": 102.594401, "fair_value": 81.120842, "relative_strength": 0.32648, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.86547, "energy": 43.73571, "activity_lines": [ 107.305886, 106.729229, 106.135564, 104.783213 ] }, { "date": "2025-02-14", "close": 108.931075, "volume": 1216722, "typical_volume": 674752.05, "trend": 102.992658, "fair_value": 81.343472, "relative_strength": 0.324725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.951331, "energy": 61.252578, "activity_lines": [ 108.033014, 107.141554, 106.491689, 105.192031 ] }, { "date": "2025-02-21", "close": 107.008066, "volume": 395651, "typical_volume": 676981.0, "trend": 103.353588, "fair_value": 81.549475, "relative_strength": 0.153771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.145897, "energy": 41.405519, "activity_lines": [ 107.764779, 107.192526, 106.628667, 105.451089 ] }, { "date": "2025-02-28", "close": 105.923292, "volume": 660841, "typical_volume": 674593.15, "trend": 103.748232, "fair_value": 81.755671, "relative_strength": 0.098385, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.538459, "energy": 29.265203, "activity_lines": [ 107.111942, 107.05594, 106.636609, 105.616877 ] }, { "date": "2025-03-07", "close": 102.619661, "volume": 973796, "typical_volume": 699991.95, "trend": 104.028837, "fair_value": 81.954318, "relative_strength": 0.050364, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.357422, "energy": 5.491531, "activity_lines": [ 105.534088, 106.309328, 106.315303, 105.544066 ] }, { "date": "2025-03-14", "close": 100.193711, "volume": 1027697, "typical_volume": 730631.7, "trend": 104.104176, "fair_value": 82.107917, "relative_strength": -0.040242, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.935063, "energy": 31.950229, "activity_lines": [ 103.477619, 105.184211, 105.768302, 105.296638 ] }, { "date": "2025-03-21", "close": 100.854437, "volume": 775245, "typical_volume": 717965.25, "trend": 104.153216, "fair_value": 82.257101, "relative_strength": 0.106588, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.66685, "energy": 43.217578, "activity_lines": [ 102.117377, 104.277304, 105.296399, 105.086978 ] }, { "date": "2025-03-28", "close": 99.204984, "volume": 1995831, "typical_volume": 769519.9, "trend": 104.137479, "fair_value": 82.394983, "relative_strength": -0.056686, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.645421, "energy": 66.294727, "activity_lines": [ 100.745761, 103.1207, 104.67019, 104.767737 ] }, { "date": "2025-04-04", "close": 90.256463, "volume": 1828284, "typical_volume": 823314.65, "trend": 103.963205, "fair_value": 82.482908, "relative_strength": -0.00587, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -92.876513, "energy": 90.808315, "activity_lines": [ 96.91151, 100.472692, 103.22535, 103.872187 ] }, { "date": "2025-04-11", "close": 95.309163, "volume": 2543984, "typical_volume": 924480.55, "trend": 103.830014, "fair_value": 82.612997, "relative_strength": -0.075385, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.845756, "energy": 80.264926, "activity_lines": [ 95.805947, 99.07626, 102.327461, 103.313862 ] }, { "date": "2025-04-18", "close": 94.013853, "volume": 902123, "typical_volume": 942905.05, "trend": 103.604997, "fair_value": 82.748867, "relative_strength": -0.023953, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.641157, "energy": 81.30047, "activity_lines": [ 94.755981, 97.667245, 101.35692, 102.680561 ] }, { "date": "2025-04-25", "close": 98.423842, "volume": 1718247, "typical_volume": 998899.95, "trend": 103.506783, "fair_value": 82.928426, "relative_strength": 0.05807, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.461372, "energy": 60.891163, "activity_lines": [ 95.588001, 97.302222, 100.868964, 102.346293 ] }, { "date": "2025-05-02", "close": 101.340763, "volume": 1493552, "typical_volume": 1038022.3, "trend": 103.497939, "fair_value": 83.128504, "relative_strength": 0.091827, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.362125, "energy": 37.087094, "activity_lines": [ 97.554369, 97.658588, 100.705776, 102.20655 ] }, { "date": "2025-05-09", "close": 100.955136, "volume": 1098753, "typical_volume": 1056420.75, "trend": 103.434651, "fair_value": 83.33722, "relative_strength": 0.134509, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.830263, "energy": 22.02934, "activity_lines": [ 99.249808, 98.047883, 100.535383, 102.042498 ] }, { "date": "2025-05-16", "close": 106.353912, "volume": 874024, "typical_volume": 1076340.6, "trend": 103.521691, "fair_value": 83.593535, "relative_strength": 0.183549, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.784894, "energy": 18.794915, "activity_lines": [ 102.031595, 99.509103, 100.900364, 102.230838 ] }, { "date": "2025-05-23", "close": 103.654524, "volume": 1042791, "typical_volume": 1108167.4, "trend": 103.551844, "fair_value": 83.80456, "relative_strength": 0.179472, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.319742, "energy": 24.023155, "activity_lines": [ 103.17727, 100.41163, 101.006867, 102.239408 ] }, { "date": "2025-05-30", "close": 105.543107, "volume": 764076, "typical_volume": 1115458.05, "trend": 103.688646, "fair_value": 84.032912, "relative_strength": 0.214176, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.421827, "energy": 26.771197, "activity_lines": [ 104.30976, 101.594612, 101.302442, 102.367876 ] }, { "date": "2025-06-06", "close": 107.29326, "volume": 648215, "typical_volume": 1113372.5, "trend": 103.72299, "fair_value": 84.295127, "relative_strength": 0.209694, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.443627, "energy": 33.145462, "activity_lines": [ 105.551017, 103.010554, 101.75552, 102.600432 ] }, { "date": "2025-06-13", "close": 106.848306, "volume": 715250, "typical_volume": 1123340.9, "trend": 103.81586, "fair_value": 84.579258, "relative_strength": 0.144126, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.692378, "energy": 43.782101, "activity_lines": [ 106.247123, 104.198537, 102.16322, 102.802065 ] }, { "date": "2025-06-20", "close": 106.699988, "volume": 511589, "typical_volume": 1108132.75, "trend": 103.840581, "fair_value": 84.835844, "relative_strength": 0.156713, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 25.387082, "energy": 42.231138, "activity_lines": [ 106.500912, 105.057882, 102.564975, 102.988138 ] }, { "date": "2025-06-27", "close": 110.404762, "volume": 1390104, "typical_volume": 1128838.75, "trend": 103.948841, "fair_value": 85.126171, "relative_strength": 0.149369, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.074198, "energy": 51.398656, "activity_lines": [ 107.966554, 106.383718, 103.323709, 103.411634 ] }, { "date": "2025-07-04", "close": 112.348298, "volume": 807787, "typical_volume": 1108392.0, "trend": 104.084224, "fair_value": 85.420243, "relative_strength": 0.204506, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.098201, "energy": 66.701356, "activity_lines": [ 109.630025, 107.764906, 104.252917, 103.953534 ] }, { "date": "2025-07-11", "close": 111.931826, "volume": 862579, "typical_volume": 1131738.4, "trend": 104.230614, "fair_value": 85.716276, "relative_strength": 0.101322, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 76.193273, "energy": 83.680857, "activity_lines": [ 110.700993, 108.817201, 105.126189, 104.459831 ] }, { "date": "2025-07-18", "close": 112.76477, "volume": 1230862, "typical_volume": 1160239.45, "trend": 104.475834, "fair_value": 86.006437, "relative_strength": 0.200982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.005542, "energy": 87.498295, "activity_lines": [ 111.740371, 109.828375, 106.055342, 105.010422 ] }, { "date": "2025-07-25", "close": 114.390994, "volume": 905720, "typical_volume": 1156835.65, "trend": 104.753489, "fair_value": 86.28856, "relative_strength": 0.119681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.128086, "energy": 91.732859, "activity_lines": [ 112.927392, 110.920506, 107.106794, 105.650109 ] }, { "date": "2025-08-01", "close": 111.703758, "volume": 889292, "typical_volume": 1149915.4, "trend": 104.957347, "fair_value": 86.550836, "relative_strength": 0.176331, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.066902, "energy": 85.181197, "activity_lines": [ 112.705935, 111.377919, 107.846266, 106.098514 ] }, { "date": "2025-08-08", "close": 114.420742, "volume": 628895, "typical_volume": 1142597.9, "trend": 105.317516, "fair_value": 86.815296, "relative_strength": 0.116388, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.426799, "energy": 85.136048, "activity_lines": [ 113.303539, 112.18298, 108.789689, 106.709055 ] }, { "date": "2025-08-15", "close": 115.531334, "volume": 573509, "typical_volume": 1071481.8, "trend": 105.61313, "fair_value": 87.09309, "relative_strength": 0.097347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.065916, "energy": 87.87847, "activity_lines": [ 114.133178, 113.028555, 109.77428, 107.368011 ] }, { "date": "2025-08-22", "close": 115.848647, "volume": 683279, "typical_volume": 1014231.55, "trend": 105.855878, "fair_value": 87.391138, "relative_strength": 0.075722, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.012371, "energy": 77.778828, "activity_lines": [ 114.82862, 113.782041, 110.711347, 108.028367 ] }, { "date": "2025-08-29", "close": 115.808983, "volume": 643170, "typical_volume": 919190.85, "trend": 106.130505, "fair_value": 87.703738, "relative_strength": 0.076363, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.771921, "energy": 83.036169, "activity_lines": [ 115.30525, 114.364672, 111.52277, 108.670503 ] }, { "date": "2025-09-05", "close": 116.255203, "volume": 847710, "typical_volume": 916470.2, "trend": 106.427895, "fair_value": 88.002624, "relative_strength": 0.11436, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.628761, "energy": 81.009408, "activity_lines": [ 115.836087, 114.862816, 112.279071, 109.32371 ] }, { "date": "2025-09-12", "close": 118.119411, "volume": 1091409, "typical_volume": 885128.3, "trend": 106.734173, "fair_value": 88.334909, "relative_strength": 0.137757, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.147754, "energy": 73.452327, "activity_lines": [ 116.684896, 115.593535, 113.107005, 110.078001 ] }, { "date": "2025-09-19", "close": 119.705971, "volume": 1073234, "typical_volume": 864112.4, "trend": 107.157437, "fair_value": 88.697563, "relative_strength": 0.234911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.563848, "energy": 73.893417, "activity_lines": [ 117.815981, 116.50779, 113.992251, 110.914891 ] }, { "date": "2025-09-26", "close": 119.302409, "volume": 1650636, "typical_volume": 891706.55, "trend": 107.603407, "fair_value": 89.068703, "relative_strength": 0.172935, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.11386, "energy": 76.728125, "activity_lines": [ 118.534237, 117.207323, 114.751609, 111.698438 ] }, { "date": "2025-10-03", "close": 120.550426, "volume": 1423461, "typical_volume": 919178.4, "trend": 108.201099, "fair_value": 89.441725, "relative_strength": 0.095989, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.649862, "energy": 82.736991, "activity_lines": [ 119.438247, 118.014901, 115.542458, 112.533729 ] }, { "date": "2025-10-10", "close": 117.691424, "volume": 1421635, "typical_volume": 938120.6, "trend": 108.784357, "fair_value": 89.803211, "relative_strength": 0.138283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.871228, "energy": 65.402108, "activity_lines": [ 119.07316, 118.190671, 115.993419, 113.146008 ] }, { "date": "2025-10-17", "close": 119.650462, "volume": 1328745, "typical_volume": 966354.05, "trend": 109.410891, "fair_value": 90.159024, "relative_strength": 0.057776, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.504298, "energy": 63.705027, "activity_lines": [ 119.265338, 118.613763, 116.564112, 113.847047 ] }, { "date": "2025-10-24", "close": 121.967496, "volume": 816330, "typical_volume": 974759.8, "trend": 110.169641, "fair_value": 90.513294, "relative_strength": 0.053361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.594769, "energy": 67.735439, "activity_lines": [ 120.127791, 119.363048, 117.288298, 114.657151 ] }, { "date": "2025-10-31", "close": 122.872432, "volume": 1294028, "typical_volume": 1003698.7, "trend": 111.25684, "fair_value": 90.887741, "relative_strength": 0.081039, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.766014, "energy": 69.17253, "activity_lines": [ 121.14112, 120.159846, 118.02879, 115.476686 ] }, { "date": "2025-11-07", "close": 120.868645, "volume": 1168525, "typical_volume": 1036545.5, "trend": 112.108823, "fair_value": 91.224261, "relative_strength": 0.072399, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.555739, "energy": 61.232744, "activity_lines": [ 121.248519, 120.464614, 118.502141, 116.096802 ] }, { "date": "2025-11-14", "close": 120.923339, "volume": 1139336, "typical_volume": 1024007.1, "trend": 113.005806, "fair_value": 91.564619, "relative_strength": -0.027031, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.224055, "energy": 56.81071, "activity_lines": [ 121.352935, 120.687333, 118.91323, 116.665481 ] }, { "date": "2025-11-21", "close": 118.546638, "volume": 3308063, "typical_volume": 1149020.9, "trend": 113.676566, "fair_value": 91.882584, "relative_strength": -0.071366, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.501093, "energy": 44.015927, "activity_lines": [ 120.449656, 120.393048, 119.047879, 117.022954 ] }, { "date": "2025-11-28", "close": 122.999223, "volume": 908615, "typical_volume": 1151322.7, "trend": 114.398514, "fair_value": 92.223768, "relative_strength": -0.013806, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.54007, "energy": 44.613084, "activity_lines": [ 121.10416, 120.900557, 119.577067, 117.624415 ] }, { "date": "2025-12-05", "close": 123.429316, "volume": 1017345, "typical_volume": 1140646.85, "trend": 115.147654, "fair_value": 92.583065, "relative_strength": 0.00256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.319451, "energy": 47.341272, "activity_lines": [ 121.833247, 121.426388, 120.094515, 118.207048 ] }, { "date": "2025-12-12", "close": 122.666584, "volume": 843320, "typical_volume": 1137526.85, "trend": 115.691409, "fair_value": 92.946404, "relative_strength": -0.040226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.526743, "energy": 44.948444, "activity_lines": [ 122.270965, 121.738505, 120.488538, 118.69214 ] }, { "date": "2025-12-19", "close": 122.832655, "volume": 1498397, "typical_volume": 1167982.1, "trend": 116.33068, "fair_value": 93.31232, "relative_strength": -0.026504, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.622163, "energy": 48.549336, "activity_lines": [ 122.644176, 122.042341, 120.858969, 119.152866 ] }, { "date": "2025-12-26", "close": 124.484951, "volume": 524949, "typical_volume": 1162784.8, "trend": 116.962075, "fair_value": 93.688766, "relative_strength": -0.108257, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.326031, "energy": 58.894555, "activity_lines": [ 123.440865, 122.553118, 121.333768, 119.678948 ] }, { "date": "2026-01-02", "close": 123.238007, "volume": 878609, "typical_volume": 1178039.8, "trend": 117.493567, "fair_value": 94.051623, "relative_strength": -0.074568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.179822, "energy": 45.606961, "activity_lines": [ 123.426019, 122.749277, 121.641885, 120.083846 ] }, { "date": "2026-01-09", "close": 125.173264, "volume": 1055734, "typical_volume": 1196662.55, "trend": 118.104399, "fair_value": 94.414276, "relative_strength": -0.096761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.790782, "energy": 52.252077, "activity_lines": [ 124.04034, 123.274202, 122.097614, 120.579311 ] }, { "date": "2026-01-16", "close": 124.694438, "volume": 910831, "typical_volume": 1210045.6, "trend": 118.704214, "fair_value": 94.776505, "relative_strength": -0.128977, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.428229, "energy": 52.696951, "activity_lines": [ 124.378788, 123.670234, 122.463337, 121.004475 ] }, { "date": "2026-01-23", "close": 124.175709, "volume": 1035602, "typical_volume": 1219440.2, "trend": 119.163245, "fair_value": 95.124523, "relative_strength": -0.188512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.5427, "energy": 43.977335, "activity_lines": [ 124.409137, 123.902392, 122.737346, 121.357474 ] }, { "date": "2026-01-30", "close": 124.504902, "volume": 2264614, "typical_volume": 1278100.45, "trend": 119.568465, "fair_value": 95.467087, "relative_strength": -0.310558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.41994, "energy": 42.900404, "activity_lines": [ 124.45968, 124.135269, 123.00499, 121.702097 ] }, { "date": "2026-02-06", "close": 124.175709, "volume": 1698788, "typical_volume": 1309378.15, "trend": 119.976595, "fair_value": 95.812337, "relative_strength": -0.369716, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.338616, "energy": 37.122553, "activity_lines": [ 124.399161, 124.19996, 123.210875, 121.999339 ] }, { "date": "2026-02-13", "close": 122.57962, "volume": 1757887, "typical_volume": 1314740.7, "trend": 120.303756, "fair_value": 96.147663, "relative_strength": -0.360591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.306912, "energy": 24.624007, "activity_lines": [ 123.7441, 123.953063, 123.243468, 122.167276 ] }, { "date": "2026-02-20", "close": 123.886418, "volume": 1033450, "typical_volume": 1295240.15, "trend": 120.620271, "fair_value": 96.503913, "relative_strength": -0.412078, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.500501, "energy": 21.796092, "activity_lines": [ 123.697547, 123.959215, 123.384911, 122.398415 ] }, { "date": "2026-02-27", "close": 123.327787, "volume": 1232844, "typical_volume": 1285800.6, "trend": 121.007738, "fair_value": 96.847849, "relative_strength": -0.357893, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.406099, "energy": 16.769776, "activity_lines": [ 123.518652, 123.841619, 123.457266, 122.573094 ] }, { "date": "2026-03-06", "close": 120.933653, "volume": 1282970, "typical_volume": 1283511.85, "trend": 121.224835, "fair_value": 97.197409, "relative_strength": -0.3101, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.373792, "energy": 12.130627, "activity_lines": [ 122.598241, 123.279723, 123.274768, 122.568314 ] }, { "date": "2026-03-13", "close": 119.038298, "volume": 1534080, "typical_volume": 1319399.35, "trend": 121.341734, "fair_value": 97.527994, "relative_strength": -0.373594, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.196074, "energy": 27.306595, "activity_lines": [ 121.284128, 122.437786, 122.90565, 122.427247 ] }, { "date": "2026-03-20", "close": 116.883578, "volume": 1232478, "typical_volume": 1316321.85, "trend": 121.376232, "fair_value": 97.838679, "relative_strength": -0.376583, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -41.684208, "energy": 53.827071, "activity_lines": [ 119.594269, 121.28044, 122.345269, 122.139624 ] }, { "date": "2026-03-27", "close": 114.27, "volume": 1908642, "typical_volume": 1353327.7, "trend": 121.324932, "fair_value": 98.117558, "relative_strength": -0.376153, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -57.112794, "energy": 72.844914, "activity_lines": [ 117.412953, 119.79862, 121.564494, 121.681158 ] }, { "date": "2026-04-03", "close": 118.2, "volume": 1076088, "typical_volume": 1350165.3, "trend": 121.389759, "fair_value": 98.422184, "relative_strength": -0.361134, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.98391, "energy": 64.125192, "activity_lines": [ 117.182732, 119.22088, 121.189427, 121.479549 ] }, { "date": "2026-04-10", "close": 122.28, "volume": 1300768, "typical_volume": 1249800.55, "trend": 121.528445, "fair_value": 98.749324, "relative_strength": -0.500471, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.797185, "energy": 38.829743, "activity_lines": [ 118.654364, 119.493608, 121.215899, 121.536984 ] }, { "date": "2026-04-17", "close": 127.97, "volume": 1067480, "typical_volume": 1257743.8, "trend": 121.803913, "fair_value": 99.113186, "relative_strength": -0.364534, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 22.978526, "energy": 12.75617, "activity_lines": [ 121.932905, 120.841334, 121.766499, 121.952568 ] }, { "date": "2026-04-24", "close": 128.417117, "volume": 998779, "typical_volume": 1256815.5, "trend": 122.107736, "fair_value": 99.476767, "relative_strength": -0.538816, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 52.240164, "energy": 41.863769, "activity_lines": [ 124.765039, 122.201367, 122.33601, 122.379227 ] }, { "date": "2026-05-01", "close": 129.584092, "volume": 896599, "typical_volume": 1259479.45, "trend": 122.408859, "fair_value": 99.85079, "relative_strength": -0.558451, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.828036, "energy": 57.737071, "activity_lines": [ 127.217262, 123.667441, 122.992911, 122.861572 ] }, { "date": "2026-05-08", "close": 132.46662, "volume": 766476, "typical_volume": 1222883.4, "trend": 122.901365, "fair_value": 100.244031, "relative_strength": -0.670787, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.916068, "energy": 84.409355, "activity_lines": [ 129.609388, 125.554017, 123.891398, 123.51046 ] }, { "date": "2026-05-15", "close": 132.725948, "volume": 770636, "typical_volume": 1235167.75, "trend": 123.337215, "fair_value": 100.631346, "relative_strength": -0.6694, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.618067, "energy": 86.207786, "activity_lines": [ 131.136849, 127.321583, 124.768706, 124.144304 ] }, { "date": "2026-05-22", "close": 134.032561, "volume": 1039904, "typical_volume": 1243232.5, "trend": 123.739383, "fair_value": 101.024817, "relative_strength": -0.548312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.016019, "energy": 87.147185, "activity_lines": [ 132.403451, 129.11231, 125.731211, 124.834326 ] }, { "date": "2026-05-29", "close": 136.067286, "volume": 2895824, "typical_volume": 1335237.0, "trend": 124.179212, "fair_value": 101.422138, "relative_strength": -0.471973, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.047767, "energy": 89.736281, "activity_lines": [ 133.944123, 131.000363, 126.836097, 125.629675 ] }, { "date": "2026-06-05", "close": 132.75587, "volume": 794818, "typical_volume": 1329436.35, "trend": 124.575453, "fair_value": 101.796628, "relative_strength": -0.389769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.453661, "energy": 74.944287, "activity_lines": [ 133.87098, 131.937546, 127.573734, 126.183008 ] }, { "date": "2026-06-12", "close": 133.2845, "volume": 1278366, "typical_volume": 1341574.55, "trend": 124.987491, "fair_value": 102.162292, "relative_strength": -0.545217, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.097153, "energy": 57.620944, "activity_lines": [ 133.762594, 132.634737, 128.323328, 126.744882 ] }, { "date": "2026-06-19", "close": 134.650958, "volume": 657593, "typical_volume": 1261223.5, "trend": 125.524302, "fair_value": 102.543027, "relative_strength": -0.437955, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.079429, "energy": 56.973203, "activity_lines": [ 134.055169, 133.306112, 129.159686, 127.368331 ] }, { "date": "2026-06-26", "close": 131.69, "volume": 913589, "typical_volume": 1221963.55, "trend": 125.813995, "fair_value": 102.8937, "relative_strength": -0.24705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.507442, "energy": 45.180155, "activity_lines": [ 133.232424, 133.214203, 129.665734, 127.766118 ] }, { "date": "2026-07-03", "close": 134.32, "volume": 953524, "typical_volume": 1181745.4, "trend": 126.177017, "fair_value": 103.266123, "relative_strength": -0.398241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.312741, "energy": 43.211833, "activity_lines": [ 133.442516, 133.532841, 130.386475, 128.314893 ] }, { "date": "2026-07-10", "close": 136.11, "volume": 638545, "typical_volume": 1162000.15, "trend": 126.625131, "fair_value": 103.638071, "relative_strength": -0.418043, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.981299, "energy": 52.450792, "activity_lines": [ 134.365761, 134.069607, 131.221786, 128.95573 ] }, { "date": "2026-07-17", "close": 133.99, "volume": 944353, "typical_volume": 1147575.6, "trend": 126.997043, "fair_value": 103.992715, "relative_strength": -0.416455, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.599555, "energy": 46.663784, "activity_lines": [ 134.358731, 134.102266, 131.796985, 129.430883 ] }, { "date": "2026-07-24", "close": 133.1, "volume": 1116469, "typical_volume": 1139250.55, "trend": 127.284211, "fair_value": 104.336205, "relative_strength": -0.479341, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.839313, "energy": 44.700443, "activity_lines": [ 134.008, 133.94541, 132.236649, 129.824622 ] }, { "date": "2026-07-31", "close": 134.6, "volume": 872562, "typical_volume": 1106174.65, "trend": 127.662944, "fair_value": 104.700951, "relative_strength": -0.433428, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.197092, "energy": 43.492082, "activity_lines": [ 134.260667, 134.054479, 132.761236, 130.296609 ] }, { "date": "2026-08-07", "close": 139.5, "volume": 1214275, "typical_volume": 1105264.5, "trend": 128.140502, "fair_value": 105.098654, "relative_strength": -0.296951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.41844, "energy": 54.962446, "activity_lines": [ 135.952667, 135.044141, 133.678386, 131.06029 ] } ], "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." } } }