{ "ticker": { "uuid": "b3cdb4b5-efe4-44ef-9dd8-934e10547fee", "symbol": "XYZ", "name": "Block, Inc.", "exchange": "MEX", "country": "MX", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^MXX", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 61.875, "architecture_energy": 52.132, "architecture_maturity": 41.911, "architecture_confidence": 83.146, "architecture_tenure": "Developing", "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": 18.62, "rotation_up": 57.0, "upward_expansion": 81.55, "deceleration": 63.17, "rotation_down": 21.94, "downward_expansion": 8.22 }, "activity_lines": [ 1375.560002, 1360.080003, 1309.871098, 1257.587807 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 1350.0, "trend_reference": 1189.817999, "distance_from_trend": 0.134627, "trend_direction": "Improving", "fair_value": 1251.517884, "distance_from_fair_value": 0.07869, "fair_value_direction": "Improving", "relative_strength": 6.297283, "relative_strength_direction": "Improving", "price_momentum": 0.39247, "excess_performance": 0.447137, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.134627, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.047793, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.07869, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.029174, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.062973, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.116181, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.39247, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.345812, "read": "Demand-led" } ], "volume": { "latest": 1096, "relative_activity": 0.358827, "balance": 1.345812, "dry_up": 0.458028, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.05798, "annualized_volatility": 0.475774, "from_high_reference": -0.104775, "from_low_reference": 0.610979 }, "levels": { "trend_reference": 1189.817999, "fair_value_reference": 1251.517884, "structural_low": 838.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.013891, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.02084, "regime_survival": 0.6, "best_return": 0.184654, "worst_return": -0.083349, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.044417, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.060264, "regime_survival": 0.25, "best_return": 0.216398, "worst_return": -0.203852, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.155492, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.260586, "regime_survival": 0.0, "best_return": 0.089311, "worst_return": -0.260753, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.606889, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.706276, "regime_survival": 0.0, "best_return": 0.606889, "worst_return": 0.606889, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-09-27", "end": "2024-10-11", "tenure": "New", "return": 0.030731, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-18", "end": "2025-01-10", "tenure": "Established", "return": 0.153206, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": -0.055249, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-21", "end": "2025-04-04", "tenure": "Developing", "return": -0.265033, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-06-20", "tenure": "Developing", "return": 0.102307, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-27", "end": "2025-07-18", "tenure": "New", "return": 0.067352, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": -0.008447, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-09-26", "tenure": "New", "return": -0.03709, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-03", "end": "2025-10-31", "tenure": "Developing", "return": -0.009041, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.064182, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-04-10", "tenure": "Established", "return": -0.053448, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-04-24", "tenure": "New", "return": 0.011403, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-01", "end": "2026-05-29", "tenure": "Developing", "return": 0.046748, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.13828, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 975.359985, "volume": 11539, "typical_volume": 3755.45, "trend": 1212.576335, "fair_value": 2867.478985, "relative_strength": -23.238315, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.502537, "energy": 42.4517, "activity_lines": [ 1077.147323, 1129.205269, 1124.614952, 1148.352839 ] }, { "date": "2023-08-25", "close": 940.0, "volume": 1500, "typical_volume": 3632.2, "trend": 1191.492334, "fair_value": 2851.946292, "relative_strength": -25.324574, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.664885, "energy": 61.658314, "activity_lines": [ 1012.442659, 1092.025632, 1107.170809, 1130.767269 ] }, { "date": "2023-09-01", "close": 996.539978, "volume": 693, "typical_volume": 3524.25, "trend": 1171.299001, "fair_value": 2838.18251, "relative_strength": -20.034127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.93076, "energy": 75.170173, "activity_lines": [ 987.691988, 1068.962356, 1096.549474, 1118.189697 ] }, { "date": "2023-09-08", "close": 931.909973, "volume": 3917, "typical_volume": 3712.5, "trend": 1154.698332, "fair_value": 2825.5986, "relative_strength": -23.451609, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.81524, "energy": 80.057163, "activity_lines": [ 963.295316, 1035.756351, 1080.646519, 1102.745244 ] }, { "date": "2023-09-15", "close": 895.01001, "volume": 935, "typical_volume": 3735.05, "trend": 1138.531999, "fair_value": 2812.073023, "relative_strength": -24.057027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.385981, "energy": 80.212135, "activity_lines": [ 936.511324, 999.679808, 1062.077377, 1085.991159 ] }, { "date": "2023-09-22", "close": 772.0, "volume": 2404, "typical_volume": 3734.1, "trend": 1116.930998, "fair_value": 2794.390331, "relative_strength": -34.359022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.112146, "energy": 85.885926, "activity_lines": [ 877.923328, 945.515628, 1032.769139, 1062.343933 ] }, { "date": "2023-09-29", "close": 772.070007, "volume": 2141, "typical_volume": 3425.2, "trend": 1094.616331, "fair_value": 2775.612126, "relative_strength": -32.758942, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.211726, "energy": 88.519632, "activity_lines": [ 832.915999, 900.327813, 1004.838997, 1040.094837 ] }, { "date": "2023-10-06", "close": 796.98999, "volume": 831, "typical_volume": 3390.35, "trend": 1077.571332, "fair_value": 2755.458216, "relative_strength": -28.342657, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.159999, "energy": 86.599044, "activity_lines": [ 807.410665, 868.480722, 980.243758, 1020.893137 ] }, { "date": "2023-10-13", "close": 783.0, "volume": 2582, "typical_volume": 3445.85, "trend": 1057.171332, "fair_value": 2735.221036, "relative_strength": -28.762101, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.102077, "energy": 87.362873, "activity_lines": [ 790.545333, 843.690178, 955.520901, 1001.888535 ] }, { "date": "2023-10-20", "close": 807.0, "volume": 587, "typical_volume": 3430.95, "trend": 1046.876333, "fair_value": 2716.996356, "relative_strength": -24.439636, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.887056, "energy": 80.05112, "activity_lines": [ 791.607332, 828.674179, 934.395663, 985.74845 ] }, { "date": "2023-10-27", "close": 730.0, "volume": 14274, "typical_volume": 3614.1, "trend": 1029.592999, "fair_value": 2700.664369, "relative_strength": -32.047735, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.447862, "energy": 70.040549, "activity_lines": [ 772.869999, 803.767271, 907.42233, 965.304815 ] }, { "date": "2023-11-03", "close": 851.0, "volume": 3327, "typical_volume": 3615.45, "trend": 1016.56, "fair_value": 2680.029753, "relative_strength": -23.948751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.268597, "energy": 57.211549, "activity_lines": [ 797.265999, 805.321453, 893.853759, 953.782686 ] }, { "date": "2023-11-10", "close": 907.049988, "volume": 23992, "typical_volume": 4717.4, "trend": 1007.461666, "fair_value": 2662.639048, "relative_strength": -18.257352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.14523, "energy": 40.595659, "activity_lines": [ 835.083329, 818.684725, 887.051853, 946.717524 ] }, { "date": "2023-11-17", "close": 1001.900024, "volume": 21747, "typical_volume": 5770.75, "trend": 1003.858, "fair_value": 2643.311548, "relative_strength": -11.669035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.581754, "energy": 21.669414, "activity_lines": [ 897.180005, 850.920548, 890.130617, 946.358709 ] }, { "date": "2023-11-24", "close": 1022.030029, "volume": 1033, "typical_volume": 5610.55, "trend": 1001.259001, "fair_value": 2622.805331, "relative_strength": -10.013726, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.782008, "energy": 25.470971, "activity_lines": [ 951.393347, 885.543825, 895.798573, 947.531098 ] }, { "date": "2023-12-01", "close": 1119.359985, "volume": 11296, "typical_volume": 5628.7, "trend": 1003.237667, "fair_value": 2603.634561, "relative_strength": -2.805296, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 44.459933, "energy": 50.036563, "activity_lines": [ 1023.714673, 935.554004, 911.251571, 955.150516 ] }, { "date": "2023-12-08", "close": 1200.0, "volume": 8103, "typical_volume": 5932.95, "trend": 1010.771, "fair_value": 2582.935972, "relative_strength": 3.586897, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 52.354622, "energy": 72.11606, "activity_lines": [ 1096.958671, 993.910367, 935.078096, 967.84486 ] }, { "date": "2023-12-15", "close": 1274.98999, "volume": 5303, "typical_volume": 6122.25, "trend": 1018.271, "fair_value": 2561.126165, "relative_strength": 5.036468, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 54.201467, "energy": 82.947386, "activity_lines": [ 1171.932666, 1058.120728, 966.316095, 984.891246 ] }, { "date": "2023-12-22", "close": 1302.800049, "volume": 1835, "typical_volume": 6067.55, "trend": 1026.414335, "fair_value": 2539.772382, "relative_strength": 7.038309, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.725879, "energy": 82.736826, "activity_lines": [ 1231.647347, 1118.696555, 1000.440814, 1003.247959 ] }, { "date": "2023-12-29", "close": 1313.900024, "volume": 3547, "typical_volume": 6079.3, "trend": 1032.914335, "fair_value": 2518.489752, "relative_strength": 7.995764, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.457399, "energy": 83.294107, "activity_lines": [ 1275.002018, 1171.839649, 1034.564578, 1021.795423 ] }, { "date": "2024-01-05", "close": 1135.0, "volume": 877, "typical_volume": 5546.2, "trend": 1033.247668, "fair_value": 2496.060328, "relative_strength": -4.215073, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 40.542899, "energy": 67.862019, "activity_lines": [ 1239.265348, 1183.239102, 1050.312626, 1028.381595 ] }, { "date": "2024-01-12", "close": 1164.98999, "volume": 9010, "typical_volume": 5921.7, "trend": 1033.714001, "fair_value": 2473.823147, "relative_strength": -0.279328, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 64.316329, "energy": 58.610586, "activity_lines": [ 1212.482674, 1192.727644, 1068.156672, 1036.8811 ] }, { "date": "2024-01-19", "close": 1126.400024, "volume": 9645, "typical_volume": 6369.3, "trend": 1035.094336, "fair_value": 2451.338594, "relative_strength": -2.758423, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.73253, "energy": 40.47135, "activity_lines": [ 1175.170678, 1189.49092, 1081.254103, 1042.860843 ] }, { "date": "2024-01-26", "close": 1120.0, "volume": 13558, "typical_volume": 6851.35, "trend": 1034.326668, "fair_value": 2428.813016, "relative_strength": -4.909467, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.196097, "energy": 28.943148, "activity_lines": [ 1145.631339, 1181.102372, 1093.123626, 1048.338628 ] }, { "date": "2024-02-02", "close": 1165.0, "volume": 19421, "typical_volume": 7775.65, "trend": 1035.483667, "fair_value": 2406.575899, "relative_strength": -2.545698, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.000581, "energy": 26.497822, "activity_lines": [ 1143.27867, 1178.748371, 1108.383197, 1056.769165 ] }, { "date": "2024-02-09", "close": 1145.0, "volume": 4405, "typical_volume": 7875.7, "trend": 1031.483667, "fair_value": 2384.210577, "relative_strength": -2.048952, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.688624, "energy": 24.035824, "activity_lines": [ 1144.186003, 1170.158551, 1120.45234, 1063.834735 ] }, { "date": "2024-02-16", "close": 1120.599976, "volume": 5745, "typical_volume": 8055.9, "trend": 1026.95, "fair_value": 2361.688844, "relative_strength": -3.257239, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.371282, "energy": 21.070179, "activity_lines": [ 1136.293327, 1156.666182, 1128.42148, 1069.584174 ] }, { "date": "2024-02-23", "close": 1352.0, "volume": 33920, "typical_volume": 9710.35, "trend": 1027.85, "fair_value": 2340.650445, "relative_strength": 18.038827, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 75.619585, "energy": 46.761847, "activity_lines": [ 1208.493327, 1186.690181, 1156.769051, 1090.555142 ] }, { "date": "2024-03-01", "close": 1359.0, "volume": 4960, "typical_volume": 9829.25, "trend": 1037.130001, "fair_value": 2319.656918, "relative_strength": 21.296506, "stage": 1, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 75.107846, "energy": 58.160845, "activity_lines": [ 1267.986662, 1216.586725, 1183.140384, 1111.919658 ] }, { "date": "2024-03-08", "close": 1350.0, "volume": 2167, "typical_volume": 9908.25, "trend": 1047.696667, "fair_value": 2296.227431, "relative_strength": 21.834068, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.325869, "energy": 73.518061, "activity_lines": [ 1308.546663, 1243.825089, 1205.911717, 1132.10482 ] }, { "date": "2024-03-15", "close": 1346.5, "volume": 2266, "typical_volume": 9307.85, "trend": 1060.068001, "fair_value": 2275.27897, "relative_strength": 19.056376, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.624581, "energy": 78.774413, "activity_lines": [ 1335.606665, 1269.770725, 1225.764002, 1151.382454 ] }, { "date": "2024-03-22", "close": 1367.0, "volume": 321, "typical_volume": 9157.55, "trend": 1074.301335, "fair_value": 2256.033715, "relative_strength": 19.709433, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.421732, "energy": 76.889312, "activity_lines": [ 1356.066667, 1295.59818, 1244.632954, 1171.184518 ] }, { "date": "2024-03-29", "close": 1369.900024, "volume": 244, "typical_volume": 7970.15, "trend": 1086.746669, "fair_value": 2234.751023, "relative_strength": 18.296476, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.280016, "energy": 63.579797, "activity_lines": [ 1361.066675, 1318.280003, 1261.320956, 1190.255402 ] }, { "date": "2024-04-05", "close": 1267.0, "volume": 18796, "typical_volume": 7822.6, "trend": 1097.916337, "fair_value": 2209.045895, "relative_strength": 8.193001, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.828298, "energy": 46.463791, "activity_lines": [ 1330.57334, 1317.825457, 1266.004908, 1201.884649 ] }, { "date": "2024-04-12", "close": 1270.0, "volume": 506, "typical_volume": 7796.25, "trend": 1110.416003, "fair_value": 2184.486086, "relative_strength": 11.292567, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.427542, "energy": 33.772041, "activity_lines": [ 1307.213338, 1315.243639, 1269.712193, 1212.986821 ] }, { "date": "2024-04-19", "close": 1220.0, "volume": 590, "typical_volume": 7260.95, "trend": 1125.349337, "fair_value": 2160.963203, "relative_strength": 8.117381, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.545573, "energy": 20.406778, "activity_lines": [ 1272.520003, 1301.661821, 1267.476764, 1220.056756 ] }, { "date": "2024-04-26", "close": 1298.0, "volume": 12346, "typical_volume": 7473.1, "trend": 1142.880336, "fair_value": 2137.390702, "relative_strength": 10.847026, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.349917, "energy": 21.730005, "activity_lines": [ 1272.260002, 1300.898184, 1272.190669, 1231.195508 ] }, { "date": "2024-05-03", "close": 1185.0, "volume": 1028, "typical_volume": 7259.35, "trend": 1155.814003, "fair_value": 2115.275255, "relative_strength": 2.293898, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.361647, "energy": 15.402676, "activity_lines": [ 1238.933333, 1276.363639, 1265.676002, 1233.912906 ] }, { "date": "2024-05-10", "close": 1190.0, "volume": 1314, "typical_volume": 7233.3, "trend": 1169.38067, "fair_value": 2096.371409, "relative_strength": 1.410156, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.414866, "energy": 13.373753, "activity_lines": [ 1219.6, 1255.774547, 1260.066049, 1236.118454 ] }, { "date": "2024-05-17", "close": 1200.800049, "volume": 2107, "typical_volume": 7161.3, "trend": 1182.507338, "fair_value": 2078.459935, "relative_strength": 2.423573, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.437654, "energy": 13.799163, "activity_lines": [ 1209.000016, 1240.221828, 1256.021815, 1238.145511 ] }, { "date": "2024-05-24", "close": 1119.97998, "volume": 2128, "typical_volume": 7223.85, "trend": 1195.506671, "fair_value": 2057.068781, "relative_strength": -0.78714, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.711206, "energy": 41.412742, "activity_lines": [ 1176.07334, 1212.687278, 1244.819003, 1234.111488 ] }, { "date": "2024-05-31", "close": 1071.699951, "volume": 3671, "typical_volume": 6956.9, "trend": 1202.863336, "fair_value": 2036.63096, "relative_strength": -4.517673, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.414483, "energy": 62.478268, "activity_lines": [ 1133.721321, 1180.493086, 1229.089618, 1226.123957 ] }, { "date": "2024-06-07", "close": 1206.079956, "volume": 11225, "typical_volume": 7035.9, "trend": 1212.831002, "fair_value": 2016.407114, "relative_strength": 11.69625, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.357708, "energy": 47.571386, "activity_lines": [ 1151.249308, 1178.100715, 1226.602566, 1226.331481 ] }, { "date": "2024-06-14", "close": 1148.5, "volume": 2211, "typical_volume": 6468.55, "trend": 1217.717668, "fair_value": 1992.359037, "relative_strength": 7.79797, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.985034, "energy": 48.389884, "activity_lines": [ 1148.178646, 1168.217807, 1218.25228, 1222.181094 ] }, { "date": "2024-06-21", "close": 1139.900024, "volume": 4215, "typical_volume": 5708.25, "trend": 1221.646667, "fair_value": 1969.185319, "relative_strength": 5.719605, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.454529, "energy": 45.09409, "activity_lines": [ 1145.007991, 1158.925812, 1208.947235, 1217.160601 ] }, { "date": "2024-06-28", "close": 1171.0, "volume": 1940, "typical_volume": 5585.0, "trend": 1223.368001, "fair_value": 1945.962754, "relative_strength": 9.225337, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.552492, "energy": 28.394623, "activity_lines": [ 1156.263997, 1157.653813, 1202.723616, 1213.893074 ] }, { "date": "2024-07-05", "close": 1185.0, "volume": 1525, "typical_volume": 5374.0, "trend": 1222.868001, "fair_value": 1922.823011, "relative_strength": 10.58266, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.816982, "energy": 25.580191, "activity_lines": [ 1168.785335, 1159.818177, 1197.709521, 1211.417719 ] }, { "date": "2024-07-12", "close": 1216.280029, "volume": 858, "typical_volume": 3720.9, "trend": 1220.911003, "fair_value": 1900.363268, "relative_strength": 8.231924, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.097037, "energy": 16.143534, "activity_lines": [ 1184.180013, 1169.724365, 1195.36781, 1210.992689 ] }, { "date": "2024-07-19", "close": 1227.0, "volume": 7331, "typical_volume": 3839.45, "trend": 1218.384334, "fair_value": 1874.267114, "relative_strength": 11.835386, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.535529, "energy": 16.643333, "activity_lines": [ 1202.468009, 1181.010911, 1194.693334, 1211.385527 ] }, { "date": "2024-07-26", "close": 1105.0, "volume": 1750, "typical_volume": 3818.6, "trend": 1211.421, "fair_value": 1849.952242, "relative_strength": 2.662043, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.143565, "energy": 21.177951, "activity_lines": [ 1174.856006, 1169.442911, 1183.028381, 1204.070409 ] }, { "date": "2024-08-02", "close": 1155.0, "volume": 3756, "typical_volume": 3893.1, "trend": 1212.087667, "fair_value": 1821.938717, "relative_strength": 8.278975, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -46.066719, "energy": 22.876882, "activity_lines": [ 1166.237337, 1168.707639, 1177.292, 1200.430344 ] }, { "date": "2024-08-09", "close": 1170.0, "volume": 3747, "typical_volume": 4064.4, "trend": 1212.254667, "fair_value": 1795.336215, "relative_strength": 7.743109, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.076416, "energy": 24.594375, "activity_lines": [ 1163.685335, 1170.062913, 1173.896095, 1197.715011 ] }, { "date": "2024-08-16", "close": 1211.25, "volume": 1727, "typical_volume": 4138.55, "trend": 1215.083, "fair_value": 1768.985254, "relative_strength": 8.997099, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.731323, "energy": 18.488618, "activity_lines": [ 1175.883333, 1177.130913, 1175.366857, 1197.650194 ] }, { "date": "2024-08-23", "close": 1239.099976, "volume": 3363, "typical_volume": 3366.9, "trend": 1219.052999, "fair_value": 1742.21256, "relative_strength": 12.16247, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.675353, "energy": 6.51127, "activity_lines": [ 1197.699992, 1189.168544, 1180.245474, 1199.199676 ] }, { "date": "2024-08-30", "close": 1265.01001, "volume": 7253, "typical_volume": 3704.25, "trend": 1222.386666, "fair_value": 1716.071342, "relative_strength": 15.204316, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.255209, "energy": 26.706248, "activity_lines": [ 1227.346664, 1204.269818, 1187.72457, 1202.164644 ] }, { "date": "2024-09-06", "close": 1194.810059, "volume": 2268, "typical_volume": 3788.15, "trend": 1224.047001, "fair_value": 1692.099227, "relative_strength": 12.123298, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.289905, "energy": 18.551999, "activity_lines": [ 1222.926018, 1204.332737, 1188.541719, 1200.385509 ] }, { "date": "2024-09-13", "close": 1236.0, "volume": 1113, "typical_volume": 3226.5, "trend": 1227.893669, "fair_value": 1667.294803, "relative_strength": 13.246192, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.041682, "energy": 32.223619, "activity_lines": [ 1229.581348, 1211.451827, 1193.401671, 1201.15667 ] }, { "date": "2024-09-20", "close": 1311.0, "volume": 1923, "typical_volume": 3271.25, "trend": 1226.527002, "fair_value": 1642.029676, "relative_strength": 18.611561, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 37.362931, "energy": 46.747524, "activity_lines": [ 1256.836678, 1231.280007, 1205.699719, 1206.518369 ] }, { "date": "2024-09-27", "close": 1309.119995, "volume": 1415, "typical_volume": 3276.3, "trend": 1224.864335, "fair_value": 1619.107368, "relative_strength": 16.107471, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 41.541991, "energy": 47.235286, "activity_lines": [ 1276.81534, 1249.044187, 1217.218718, 1211.846949 ] }, { "date": "2024-10-04", "close": 1262.0, "volume": 6323, "typical_volume": 3487.1, "trend": 1221.931002, "fair_value": 1595.447111, "relative_strength": 11.48943, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.834081, "energy": 41.979311, "activity_lines": [ 1276.419336, 1256.748005, 1223.682861, 1214.242798 ] }, { "date": "2024-10-11", "close": 1349.349976, "volume": 6020, "typical_volume": 3681.7, "trend": 1222.026001, "fair_value": 1571.635252, "relative_strength": 18.64414, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 72.218835, "energy": 66.434467, "activity_lines": [ 1305.340658, 1277.479091, 1238.17462, 1222.463377 ] }, { "date": "2024-10-18", "close": 1488.0, "volume": 7708, "typical_volume": 3883.55, "trend": 1226.059334, "fair_value": 1548.430124, "relative_strength": 27.990049, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.275279, "energy": 82.227369, "activity_lines": [ 1370.175993, 1319.885636, 1264.778906, 1239.62299 ] }, { "date": "2024-10-25", "close": 1450.5, "volume": 3420, "typical_volume": 3493.3, "trend": 1228.746, "fair_value": 1524.164098, "relative_strength": 26.307646, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.088778, "energy": 83.751153, "activity_lines": [ 1405.711328, 1349.692181, 1285.829382, 1254.103033 ] }, { "date": "2024-11-01", "close": 1458.910034, "volume": 1363, "typical_volume": 3450.9, "trend": 1235.143001, "fair_value": 1502.426342, "relative_strength": 28.593246, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.950734, "energy": 86.29642, "activity_lines": [ 1434.750008, 1376.677823, 1306.516909, 1268.952325 ] }, { "date": "2024-11-08", "close": 1502.219971, "volume": 12839, "typical_volume": 3882.1, "trend": 1242.883667, "fair_value": 1482.139291, "relative_strength": 28.048451, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.854039, "energy": 86.672934, "activity_lines": [ 1468.239331, 1407.541453, 1329.851049, 1286.183098 ] }, { "date": "2024-11-15", "close": 1710.0, "volume": 13840, "typical_volume": 4477.1, "trend": 1259.217, "fair_value": 1463.051087, "relative_strength": 47.864838, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 92.276333, "energy": 90.641561, "activity_lines": [ 1554.973999, 1471.870361, 1371.248429, 1316.319635 ] }, { "date": "2024-11-22", "close": 1910.0, "volume": 7653, "typical_volume": 4783.5, "trend": 1279.617, "fair_value": 1445.884358, "relative_strength": 62.751699, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.146796, "energy": 96.19248, "activity_lines": [ 1684.331999, 1563.195816, 1429.126763, 1358.305635 ] }, { "date": "2024-11-29", "close": 1812.0, "volume": 17585, "typical_volume": 5619.85, "trend": 1300.517, "fair_value": 1432.820384, "relative_strength": 54.324061, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.64726, "energy": 91.746459, "activity_lines": [ 1752.889998, 1624.448544, 1474.219381, 1392.652926 ] }, { "date": "2024-12-06", "close": 1982.910034, "volume": 1826, "typical_volume": 5344.6, "trend": 1326.947335, "fair_value": 1421.311473, "relative_strength": 61.644625, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.854527, "energy": 95.881512, "activity_lines": [ 1854.318009, 1707.666733, 1532.752384, 1436.678283 ] }, { "date": "2024-12-13", "close": 1872.0, "volume": 5500, "typical_volume": 5532.1, "trend": 1349.320667, "fair_value": 1410.875576, "relative_strength": 50.116879, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.311793, "energy": 87.785862, "activity_lines": [ 1883.842676, 1758.468732, 1577.122956, 1471.842971 ] }, { "date": "2024-12-20", "close": 1795.880005, "volume": 9883, "typical_volume": 5838.45, "trend": 1371.850667, "fair_value": 1400.143973, "relative_strength": 48.326386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.293734, "energy": 69.3103, "activity_lines": [ 1863.342008, 1784.339824, 1610.591623, 1500.653251 ] }, { "date": "2024-12-27", "close": 1805.0, "volume": 806, "typical_volume": 5691.4, "trend": 1396.294002, "fair_value": 1390.434358, "relative_strength": 48.370082, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.99119, "energy": 63.825736, "activity_lines": [ 1840.156006, 1803.750368, 1641.877051, 1528.598369 ] }, { "date": "2025-01-03", "close": 1899.660034, "volume": 1862, "typical_volume": 5698.15, "trend": 1419.413338, "fair_value": 1384.047564, "relative_strength": 54.967924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.684766, "energy": 60.922661, "activity_lines": [ 1855.523348, 1834.608192, 1679.153911, 1561.073597 ] }, { "date": "2025-01-10", "close": 1715.969971, "volume": 1950, "typical_volume": 5627.5, "trend": 1438.329004, "fair_value": 1377.677307, "relative_strength": 36.744887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.509914, "energy": 41.884153, "activity_lines": [ 1803.816667, 1823.901276, 1695.658336, 1580.206283 ] }, { "date": "2025-01-17", "close": 1810.0, "volume": 5254, "typical_volume": 5527.55, "trend": 1460.66567, "fair_value": 1373.660064, "relative_strength": 41.530405, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.183085, "energy": 38.879036, "activity_lines": [ 1801.249333, 1825.616912, 1718.847193, 1604.185057 ] }, { "date": "2025-01-24", "close": 1778.0, "volume": 913, "typical_volume": 5459.8, "trend": 1480.899003, "fair_value": 1370.378013, "relative_strength": 33.695735, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.392316, "energy": 34.829009, "activity_lines": [ 1792.148665, 1815.918366, 1736.39324, 1624.658239 ] }, { "date": "2025-01-31", "close": 1900.0, "volume": 5835, "typical_volume": 5695.9, "trend": 1504.732336, "fair_value": 1368.111666, "relative_strength": 41.485549, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.586186, "energy": 35.86124, "activity_lines": [ 1824.906665, 1827.165274, 1762.78124, 1651.697013 ] }, { "date": "2025-02-07", "close": 1779.0, "volume": 1405, "typical_volume": 5670.0, "trend": 1523.489669, "fair_value": 1365.287116, "relative_strength": 27.163082, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.791959, "energy": 31.751793, "activity_lines": [ 1810.997998, 1816.594001, 1774.483526, 1669.391701 ] }, { "date": "2025-02-14", "close": 1710.0, "volume": 2444, "typical_volume": 5721.45, "trend": 1539.589669, "fair_value": 1363.530705, "relative_strength": 18.350859, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.909888, "energy": 25.608491, "activity_lines": [ 1782.133333, 1794.077273, 1777.385811, 1681.424626 ] }, { "date": "2025-02-21", "close": 1394.619995, "volume": 2978, "typical_volume": 5554.2, "trend": 1549.243669, "fair_value": 1356.85718, "relative_strength": -3.013583, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -16.724978, "energy": 21.410618, "activity_lines": [ 1648.539998, 1719.180726, 1748.342954, 1672.071743 ] }, { "date": "2025-02-28", "close": 1319.48999, "volume": 10320, "typical_volume": 5769.2, "trend": 1554.726668, "fair_value": 1351.004552, "relative_strength": -5.810934, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.063136, "energy": 57.740529, "activity_lines": [ 1517.595329, 1639.303815, 1711.513334, 1657.248926 ] }, { "date": "2025-03-07", "close": 1185.0, "volume": 1443, "typical_volume": 5455.95, "trend": 1555.226668, "fair_value": 1344.87109, "relative_strength": -16.104477, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.862346, "energy": 79.141937, "activity_lines": [ 1372.387996, 1543.635815, 1662.017333, 1633.395592 ] }, { "date": "2025-03-14", "close": 1138.199951, "volume": 4575, "typical_volume": 5513.7, "trend": 1552.791667, "fair_value": 1334.000063, "relative_strength": -18.740091, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.955944, "energy": 81.689868, "activity_lines": [ 1259.247314, 1450.731443, 1609.507043, 1606.490643 ] }, { "date": "2025-03-21", "close": 1240.0, "volume": 202, "typical_volume": 5455.65, "trend": 1552.821668, "fair_value": 1325.442371, "relative_strength": -11.749938, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.881635, "energy": 78.378048, "activity_lines": [ 1222.759985, 1390.180899, 1568.179138, 1586.310535 ] }, { "date": "2025-03-28", "close": 1126.0, "volume": 818, "typical_volume": 4854.6, "trend": 1548.188, "fair_value": 1315.737115, "relative_strength": -20.462662, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.836389, "energy": 81.370852, "activity_lines": [ 1179.60599, 1317.557082, 1517.036519, 1558.773653 ] }, { "date": "2025-04-04", "close": 1025.0, "volume": 6171, "typical_volume": 4471.15, "trend": 1542.527665, "fair_value": 1306.00532, "relative_strength": -25.074105, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -82.177133, "energy": 90.275718, "activity_lines": [ 1120.693327, 1239.005992, 1458.066377, 1525.019589 ] }, { "date": "2025-04-11", "close": 1104.030029, "volume": 3031, "typical_volume": 4240.05, "trend": 1538.128666, "fair_value": 1297.223461, "relative_strength": -19.310318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.181492, "energy": 77.028953, "activity_lines": [ 1107.756673, 1188.514908, 1409.884808, 1496.729419 ] }, { "date": "2025-04-18", "close": 1100.0, "volume": 74, "typical_volume": 3364.5, "trend": 1531.095333, "fair_value": 1290.877308, "relative_strength": -21.847467, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.276189, "energy": 74.469091, "activity_lines": [ 1098.874674, 1151.763272, 1365.157379, 1468.463053 ] }, { "date": "2025-04-25", "close": 1100.0, "volume": 1961, "typical_volume": 3371.25, "trend": 1524.124666, "fair_value": 1284.860897, "relative_strength": -26.785929, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.367666, "energy": 64.938724, "activity_lines": [ 1092.539339, 1127.357091, 1323.820427, 1440.650451 ] }, { "date": "2025-05-02", "close": 914.969971, "volume": 13913, "typical_volume": 3791.9, "trend": 1512.556999, "fair_value": 1278.354294, "relative_strength": -37.914388, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.346041, "energy": 70.208529, "activity_lines": [ 1033.860661, 1080.399996, 1269.065901, 1401.350148 ] }, { "date": "2025-05-09", "close": 980.0, "volume": 19661, "typical_volume": 4280.8, "trend": 1500.245333, "fair_value": 1273.803012, "relative_strength": -34.213427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.798113, "energy": 65.858864, "activity_lines": [ 1010.927328, 1053.987451, 1225.061996, 1366.991632 ] }, { "date": "2025-05-16", "close": 1122.660034, "volume": 11912, "typical_volume": 4836.1, "trend": 1488.067334, "fair_value": 1270.422628, "relative_strength": -26.422844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.585918, "energy": 60.122927, "activity_lines": [ 1038.547339, 1059.68564, 1198.529904, 1342.63129 ] }, { "date": "2025-05-23", "close": 1120.0, "volume": 740, "typical_volume": 4780.0, "trend": 1477.050667, "fair_value": 1266.348205, "relative_strength": -27.073783, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.965286, "energy": 58.868837, "activity_lines": [ 1064.038672, 1066.03364, 1174.993714, 1318.885011 ] }, { "date": "2025-05-30", "close": 1200.0, "volume": 9658, "typical_volume": 5165.4, "trend": 1468.420333, "fair_value": 1263.591795, "relative_strength": -21.17291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.878118, "energy": 39.948289, "activity_lines": [ 1114.863338, 1087.258003, 1162.789238, 1301.010774 ] }, { "date": "2025-06-06", "close": 1239.959961, "volume": 1411, "typical_volume": 4973.25, "trend": 1459.678332, "fair_value": 1262.309487, "relative_strength": -18.772521, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.495445, "energy": 32.861159, "activity_lines": [ 1172.341325, 1116.475087, 1156.847473, 1286.271395 ] }, { "date": "2025-06-13", "close": 1188.0, "volume": 726, "typical_volume": 4963.9, "trend": 1442.278332, "fair_value": 1262.277435, "relative_strength": -21.257025, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.117561, "energy": 30.090185, "activity_lines": [ 1190.833325, 1134.172905, 1148.671616, 1268.743761 ] }, { "date": "2025-06-20", "close": 1216.97998, "volume": 8934, "typical_volume": 5118.85, "trend": 1419.177665, "fair_value": 1261.136281, "relative_strength": -17.655405, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -16.950553, "energy": 25.258212, "activity_lines": [ 1205.118652, 1154.176174, 1146.065281, 1254.208383 ] }, { "date": "2025-06-27", "close": 1265.0, "volume": 1380, "typical_volume": 5117.6, "trend": 1400.944332, "fair_value": 1260.956794, "relative_strength": -16.069025, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.847336, "energy": 21.092693, "activity_lines": [ 1229.122656, 1180.85672, 1151.284757, 1244.261437 ] }, { "date": "2025-07-04", "close": 1310.0, "volume": 539, "typical_volume": 5022.35, "trend": 1378.513997, "fair_value": 1260.536922, "relative_strength": -13.959151, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.588529, "energy": 26.378044, "activity_lines": [ 1258.459993, 1212.719085, 1163.237567, 1238.394061 ] }, { "date": "2025-07-11", "close": 1213.0, "volume": 205, "typical_volume": 4883.7, "trend": 1356.547331, "fair_value": 1259.779166, "relative_strength": -18.339792, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -2.553822, "energy": 20.504138, "activity_lines": [ 1248.130664, 1223.126904, 1167.857044, 1227.715738 ] }, { "date": "2025-07-18", "close": 1350.199951, "volume": 2369, "typical_volume": 4486.15, "trend": 1341.691329, "fair_value": 1259.03782, "relative_strength": -8.662137, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 18.342343, "energy": 30.322265, "activity_lines": [ 1285.331982, 1253.061441, 1186.40804, 1227.30623 ] }, { "date": "2025-07-25", "close": 1497.650024, "volume": 7318, "typical_volume": 4779.9, "trend": 1331.44633, "fair_value": 1258.747115, "relative_strength": -0.920324, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 51.401938, "energy": 65.628718, "activity_lines": [ 1360.869995, 1303.074174, 1218.855662, 1237.368081 ] }, { "date": "2025-08-01", "close": 1393.0, "volume": 1612, "typical_volume": 4631.75, "trend": 1314.557662, "fair_value": 1256.202243, "relative_strength": -7.318815, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.104712, "energy": 60.551437, "activity_lines": [ 1382.81333, 1327.24163, 1239.847805, 1241.339286 ] }, { "date": "2025-08-08", "close": 1370.0, "volume": 7755, "typical_volume": 5009.4, "trend": 1303.02533, "fair_value": 1253.811217, "relative_strength": -10.78566, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.315018, "energy": 64.766711, "activity_lines": [ 1388.556665, 1342.263632, 1257.436139, 1244.916211 ] }, { "date": "2025-08-15", "close": 1423.810059, "volume": 746, "typical_volume": 5005.8, "trend": 1290.152332, "fair_value": 1253.321539, "relative_strength": -7.814761, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.130774, "energy": 70.206795, "activity_lines": [ 1408.236686, 1363.978371, 1279.530192, 1252.708774 ] }, { "date": "2025-08-22", "close": 1470.0, "volume": 91, "typical_volume": 4701.8, "trend": 1279.885665, "fair_value": 1253.898462, "relative_strength": -6.39106, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.324192, "energy": 64.921911, "activity_lines": [ 1429.259351, 1390.748553, 1304.605144, 1264.311849 ] }, { "date": "2025-08-29", "close": 1485.0, "volume": 1421, "typical_volume": 4621.3, "trend": 1266.052332, "fair_value": 1254.597244, "relative_strength": -4.699611, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 75.32218, "energy": 75.390254, "activity_lines": [ 1447.295345, 1415.118734, 1328.989621, 1277.545032 ] }, { "date": "2025-09-05", "close": 1402.0, "volume": 2840, "typical_volume": 4759.6, "trend": 1253.485665, "fair_value": 1254.116475, "relative_strength": -12.647511, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.692766, "energy": 59.754966, "activity_lines": [ 1438.508008, 1419.524916, 1343.655192, 1286.31585 ] }, { "date": "2025-09-12", "close": 1358.0, "volume": 1968, "typical_volume": 4759.95, "trend": 1241.752332, "fair_value": 1253.911282, "relative_strength": -17.087721, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.558524, "energy": 45.929603, "activity_lines": [ 1414.454004, 1413.440188, 1352.692192, 1293.05871 ] }, { "date": "2025-09-19", "close": 1417.0, "volume": 1099, "typical_volume": 4119.25, "trend": 1242.498332, "fair_value": 1255.744616, "relative_strength": -12.514391, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 46.695686, "energy": 36.420438, "activity_lines": [ 1410.866667, 1417.210005, 1366.119668, 1304.365011 ] }, { "date": "2025-09-26", "close": 1350.0, "volume": 3196, "typical_volume": 3296.0, "trend": 1243.515332, "fair_value": 1257.244616, "relative_strength": -17.944495, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.816077, "energy": 22.894298, "activity_lines": [ 1385.4, 1405.088914, 1370.775573, 1311.300603 ] }, { "date": "2025-10-03", "close": 1418.0, "volume": 6073, "typical_volume": 3004.05, "trend": 1251.281999, "fair_value": 1258.956154, "relative_strength": -13.292531, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.038452, "energy": 22.795928, "activity_lines": [ 1390.6, 1405.335094, 1380.145764, 1322.557678 ] }, { "date": "2025-10-10", "close": 1394.0, "volume": 1210, "typical_volume": 3027.55, "trend": 1259.808667, "fair_value": 1261.228526, "relative_strength": -12.593578, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.52198, "energy": 22.381812, "activity_lines": [ 1392.266667, 1402.66582, 1385.823859, 1331.765291 ] }, { "date": "2025-10-17", "close": 1379.0, "volume": 108, "typical_volume": 2550.05, "trend": 1264.442, "fair_value": 1262.888846, "relative_strength": -14.823307, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.612515, "energy": 19.227057, "activity_lines": [ 1389.466667, 1397.251092, 1388.768621, 1339.455054 ] }, { "date": "2025-10-24", "close": 1450.0, "volume": 2832, "typical_volume": 2621.1, "trend": 1275.242, "fair_value": 1264.427308, "relative_strength": -9.275421, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.960037, "energy": 34.746147, "activity_lines": [ 1408.933333, 1404.581818, 1397.622907, 1351.426538 ] }, { "date": "2025-10-31", "close": 1405.180054, "volume": 4950, "typical_volume": 2832.3, "trend": 1287.914669, "fair_value": 1266.12718, "relative_strength": -13.946751, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.746057, "energy": 29.42705, "activity_lines": [ 1411.260018, 1403.287283, 1401.208436, 1359.809639 ] }, { "date": "2025-11-07", "close": 1207.5, "volume": 1225, "typical_volume": 2446.85, "trend": 1291.363668, "fair_value": 1264.879937, "relative_strength": -26.219708, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -12.211287, "energy": 14.019637, "activity_lines": [ 1344.014681, 1367.229463, 1384.933102, 1354.621595 ] }, { "date": "2025-11-14", "close": 1120.0, "volume": 648, "typical_volume": 2410.25, "trend": 1292.030334, "fair_value": 1263.726219, "relative_strength": -29.581543, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -45.680501, "energy": 58.835747, "activity_lines": [ 1261.636011, 1320.308008, 1360.369578, 1343.565875 ] }, { "date": "2025-11-21", "close": 1143.0, "volume": 4840, "typical_volume": 2625.3, "trend": 1293.463668, "fair_value": 1263.374232, "relative_strength": -26.53707, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -41.534647, "energy": 69.624764, "activity_lines": [ 1205.190674, 1282.695643, 1338.687006, 1333.951015 ] }, { "date": "2025-11-28", "close": 1205.0, "volume": 361, "typical_volume": 2633.1, "trend": 1303.131335, "fair_value": 1262.771603, "relative_strength": -23.628209, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.597377, "energy": 69.718035, "activity_lines": [ 1185.145337, 1260.265097, 1323.704434, 1328.243681 ] }, { "date": "2025-12-05", "close": 1116.199951, "volume": 2621, "typical_volume": 2645.7, "trend": 1307.671334, "fair_value": 1261.63827, "relative_strength": -27.837486, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.187394, "energy": 76.44499, "activity_lines": [ 1151.833317, 1225.543632, 1300.30281, 1316.183592 ] }, { "date": "2025-12-12", "close": 1130.0, "volume": 13156, "typical_volume": 2937.6, "trend": 1307.915999, "fair_value": 1260.945962, "relative_strength": -27.374996, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.868729, "energy": 81.447286, "activity_lines": [ 1142.386654, 1197.582178, 1279.329762, 1304.720925 ] }, { "date": "2025-12-19", "close": 1160.0, "volume": 1017, "typical_volume": 2907.85, "trend": 1309.249333, "fair_value": 1260.830577, "relative_strength": -23.471669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.730581, "energy": 65.812174, "activity_lines": [ 1148.106657, 1180.311632, 1262.964571, 1295.177958 ] }, { "date": "2025-12-26", "close": 1184.369995, "volume": 11872, "typical_volume": 3113.7, "trend": 1308.728332, "fair_value": 1260.730385, "relative_strength": -22.685718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.548968, "energy": 53.470964, "activity_lines": [ 1159.283325, 1171.72654, 1250.029856, 1287.121226 ] }, { "date": "2026-01-02", "close": 1154.0, "volume": 195, "typical_volume": 3086.15, "trend": 1305.863, "fair_value": 1259.474231, "relative_strength": -21.567476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.299943, "energy": 50.415723, "activity_lines": [ 1157.578662, 1161.158358, 1235.086713, 1277.138753 ] }, { "date": "2026-01-09", "close": 1238.199951, "volume": 1601, "typical_volume": 3161.65, "trend": 1307.536332, "fair_value": 1258.821667, "relative_strength": -17.191455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.958345, "energy": 34.567981, "activity_lines": [ 1187.340649, 1171.281077, 1229.447423, 1272.773395 ] }, { "date": "2026-01-16", "close": 1161.0, "volume": 1778, "typical_volume": 3179.5, "trend": 1305.670333, "fair_value": 1257.084488, "relative_strength": -22.351412, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.554435, "energy": 32.52624, "activity_lines": [ 1183.235986, 1170.403442, 1217.559566, 1263.319438 ] }, { "date": "2026-01-23", "close": 1119.0, "volume": 808, "typical_volume": 3077.9, "trend": 1300.803666, "fair_value": 1254.177308, "relative_strength": -25.13986, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.955236, "energy": 40.300295, "activity_lines": [ 1163.064657, 1162.734899, 1203.214566, 1251.276191 ] }, { "date": "2026-01-30", "close": 1050.0, "volume": 4480, "typical_volume": 3203.5, "trend": 1292.137, "fair_value": 1250.636667, "relative_strength": -27.769482, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.469673, "energy": 54.324392, "activity_lines": [ 1122.62666, 1142.539082, 1183.645757, 1235.095309 ] }, { "date": "2026-02-06", "close": 969.5, "volume": 4785, "typical_volume": 3387.8, "trend": 1284.020333, "fair_value": 1247.685192, "relative_strength": -35.172212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.89109, "energy": 92.151326, "activity_lines": [ 1064.31333, 1109.397812, 1157.876947, 1214.280019 ] }, { "date": "2026-02-13", "close": 863.200012, "volume": 21204, "typical_volume": 4288.2, "trend": 1267.787002, "fair_value": 1244.372372, "relative_strength": -41.784595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.866275, "energy": 96.83927, "activity_lines": [ 982.866671, 1061.211088, 1124.115282, 1187.130321 ] }, { "date": "2026-02-20", "close": 922.0, "volume": 1196, "typical_volume": 4044.35, "trend": 1248.598667, "fair_value": 1241.179872, "relative_strength": -37.020607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.578336, "energy": 91.646536, "activity_lines": [ 946.020003, 1028.315271, 1098.271711, 1164.821482 ] }, { "date": "2026-02-27", "close": 1074.0, "volume": 8043, "typical_volume": 4386.0, "trend": 1237.965334, "fair_value": 1238.824038, "relative_strength": -25.898667, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.185574, "energy": 84.003328, "activity_lines": [ 975.773336, 1026.837635, 1089.266235, 1153.557052 ] }, { "date": "2026-03-06", "close": 1184.0, "volume": 28643, "typical_volume": 5812.75, "trend": 1231.765334, "fair_value": 1238.026987, "relative_strength": -12.943853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.747228, "energy": 44.681121, "activity_lines": [ 1045.193335, 1046.923636, 1092.260759, 1150.075417 ] }, { "date": "2026-03-13", "close": 1078.0, "volume": 21381, "typical_volume": 6740.2, "trend": 1220.238332, "fair_value": 1235.994936, "relative_strength": -18.318569, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.085766, "energy": 23.454095, "activity_lines": [ 1070.346667, 1047.743637, 1086.088616, 1140.155073 ] }, { "date": "2026-03-20", "close": 1065.699951, "volume": 3914, "typical_volume": 6688.4, "trend": 1206.761664, "fair_value": 1235.673461, "relative_strength": -16.793125, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.446355, "energy": 27.710013, "activity_lines": [ 1084.16665, 1047.709083, 1080.516469, 1130.184855 ] }, { "date": "2026-03-27", "close": 1064.569946, "volume": 2713, "typical_volume": 6762.8, "trend": 1192.747329, "fair_value": 1234.494423, "relative_strength": -19.657545, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.545139, "energy": 24.608507, "activity_lines": [ 1084.109969, 1050.605438, 1076.453274, 1121.011196 ] }, { "date": "2026-04-03", "close": 1050.0, "volume": 5, "typical_volume": 6730.65, "trend": 1181.013995, "fair_value": 1233.263718, "relative_strength": -23.828193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.878893, "energy": 20.692148, "activity_lines": [ 1069.691976, 1052.605985, 1071.683084, 1111.801691 ] }, { "date": "2026-04-10", "close": 1098.0, "volume": 59, "typical_volume": 6491.6, "trend": 1172.347329, "fair_value": 1232.738077, "relative_strength": -20.265217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.479719, "energy": 18.31641, "activity_lines": [ 1072.873983, 1064.58835, 1071.817657, 1106.445949 ] }, { "date": "2026-04-17", "close": 1240.0, "volume": 27032, "typical_volume": 7825.15, "trend": 1166.447329, "fair_value": 1233.571346, "relative_strength": -9.434086, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.737195, "energy": 15.438802, "activity_lines": [ 1129.122656, 1101.51617, 1085.690324, 1110.810638 ] }, { "date": "2026-04-24", "close": 1254.140015, "volume": 4120, "typical_volume": 7900.1, "trend": 1163.251996, "fair_value": 1234.559423, "relative_strength": -7.497656, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.405322, "energy": 37.449911, "activity_lines": [ 1179.284668, 1136.09672, 1100.742993, 1116.46823 ] }, { "date": "2026-05-01", "close": 1227.0, "volume": 810, "typical_volume": 7282.8, "trend": 1156.885329, "fair_value": 1235.629936, "relative_strength": -7.821811, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.563247, "energy": 52.173339, "activity_lines": [ 1207.837337, 1158.634721, 1112.554041, 1120.581005 ] }, { "date": "2026-05-08", "close": 1299.0, "volume": 3665, "typical_volume": 7415.2, "trend": 1153.718662, "fair_value": 1237.713269, "relative_strength": -5.320792, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.177519, "energy": 69.506408, "activity_lines": [ 1249.561336, 1188.718177, 1130.760328, 1129.749693 ] }, { "date": "2026-05-15", "close": 1225.369995, "volume": 4364, "typical_volume": 7039.8, "trend": 1148.597662, "fair_value": 1238.8375, "relative_strength": -8.098483, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 36.256525, "energy": 64.27766, "activity_lines": [ 1250.142, 1201.323451, 1141.292328, 1134.37236 ] }, { "date": "2026-05-22", "close": 1179.300049, "volume": 797, "typical_volume": 7069.9, "trend": 1139.574331, "fair_value": 1239.611859, "relative_strength": -11.850074, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 32.843897, "energy": 44.823408, "activity_lines": [ 1226.874683, 1204.800189, 1147.241476, 1136.353159 ] }, { "date": "2026-05-29", "close": 1284.359985, "volume": 9308, "typical_volume": 7455.25, "trend": 1135.546995, "fair_value": 1240.6725, "relative_strength": -4.162795, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.498272, "energy": 60.603863, "activity_lines": [ 1242.674007, 1225.536914, 1163.075856, 1145.694169 ] }, { "date": "2026-06-05", "close": 1186.0, "volume": 687, "typical_volume": 7400.7, "trend": 1134.830328, "fair_value": 1241.063525, "relative_strength": -7.918659, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.412248, "energy": 31.272644, "activity_lines": [ 1223.672005, 1224.414369, 1169.322809, 1148.949201 ] }, { "date": "2026-06-12", "close": 1205.0, "volume": 15, "typical_volume": 7361.05, "trend": 1137.663662, "fair_value": 1241.409679, "relative_strength": -8.673666, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.725561, "energy": 28.87107, "activity_lines": [ 1213.73667, 1224.53855, 1177.260237, 1153.476277 ] }, { "date": "2026-06-19", "close": 1275.0, "volume": 0, "typical_volume": 7137.05, "trend": 1142.063662, "fair_value": 1242.627692, "relative_strength": -2.743247, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.476249, "energy": 39.997609, "activity_lines": [ 1233.401335, 1234.571822, 1191.454809, 1162.336686 ] }, { "date": "2026-06-26", "close": 1352.0, "volume": 1363, "typical_volume": 6965.95, "trend": 1146.963662, "fair_value": 1243.967243, "relative_strength": 4.065185, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.126186, "energy": 53.138207, "activity_lines": [ 1275.423999, 1255.386912, 1211.911285, 1175.880966 ] }, { "date": "2026-07-03", "close": 1405.0, "volume": 0, "typical_volume": 5905.75, "trend": 1156.59033, "fair_value": 1245.728205, "relative_strength": 8.589187, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.795547, "energy": 81.368891, "activity_lines": [ 1323.6, 1283.802002, 1235.593952, 1192.528471 ] }, { "date": "2026-07-10", "close": 1347.400024, "volume": 554, "typical_volume": 5873.65, "trend": 1163.836997, "fair_value": 1246.25641, "relative_strength": 5.143976, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.23351, "energy": 78.114339, "activity_lines": [ 1344.533341, 1299.00146, 1251.210907, 1204.838774 ] }, { "date": "2026-07-17", "close": 1390.0, "volume": 1562, "typical_volume": 5549.6, "trend": 1171.503664, "fair_value": 1247.111474, "relative_strength": 8.582926, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.057524, "energy": 84.492407, "activity_lines": [ 1368.906673, 1319.757278, 1268.859288, 1219.429936 ] }, { "date": "2026-07-24", "close": 1348.0, "volume": 2172, "typical_volume": 4226.05, "trend": 1176.957998, "fair_value": 1247.25891, "relative_strength": 6.319529, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.596304, "energy": 76.121461, "activity_lines": [ 1366.946671, 1331.222186, 1281.002908, 1230.816796 ] }, { "date": "2026-07-31", "close": 1428.0, "volume": 766, "typical_volume": 3195.3, "trend": 1186.091331, "fair_value": 1249.485833, "relative_strength": 12.052743, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.284527, "energy": 69.696245, "activity_lines": [ 1386.78667, 1355.002912, 1299.984622, 1247.013054 ] }, { "date": "2026-08-07", "close": 1350.0, "volume": 1096, "typical_volume": 3054.4, "trend": 1189.817999, "fair_value": 1251.517884, "relative_strength": 6.297283, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.875347, "energy": 52.132499, "activity_lines": [ 1375.560002, 1360.080003, 1309.871098, 1257.587807 ] } ], "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." } } }