{ "ticker": { "uuid": "c428c715-5a0e-414f-951f-9fc7ca8d7ed4", "symbol": "PYZ", "name": "INVESCO DORSEY WRIGHT BASIC MATERIALS MOMENTUM ETF", "exchange": "NASDAQ", "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": "QQQ", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 60.212, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -29.389, "architecture_energy": 26.672, "architecture_maturity": 7.858, "architecture_confidence": 82.56, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 47.72, "rotation_up": 13.45, "upward_expansion": 12.57, "deceleration": 49.22, "rotation_down": 53.88, "downward_expansion": 71.57 }, "activity_lines": [ 122.184207, 122.936398, 124.66096, 124.460406 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 127.5608, "trend_reference": 124.665027, "distance_from_trend": 0.023228, "trend_direction": "Improving", "fair_value": 96.774563, "distance_from_fair_value": 0.318123, "fair_value_direction": "Weakening", "relative_strength": -4.54768, "relative_strength_direction": "Weakening", "price_momentum": -0.002948, "excess_performance": -0.190402, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.023228, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.043319, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.318123, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.056776, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.045477, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.024078, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.002948, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.436614, "read": "Supply-led" } ], "volume": { "latest": 9339, "relative_activity": 0.443146, "balance": 0.436614, "dry_up": 0.556317, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.045717, "annualized_volatility": 0.269335, "from_high_reference": -0.047721, "from_low_reference": 0.31703 }, "levels": { "trend_reference": 124.665027, "fair_value_reference": 96.774563, "structural_low": 109.434224, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.006323, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.038121, "regime_survival": 0.166667, "best_return": 0.052806, "worst_return": -0.181029, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.022076, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.033956, "regime_survival": 0.0, "best_return": 0.094512, "worst_return": -0.073142, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.014228, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.006294, "regime_survival": 0.0, "best_return": 0.04437, "worst_return": -0.03877, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.167751, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.091447, "regime_survival": 0.0, "best_return": 0.287488, "worst_return": 0.00788, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-07-05", "end": "2024-08-30", "tenure": "Developing", "return": 0.048299, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-06", "end": "2024-09-27", "tenure": "New", "return": 0.129713, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-04", "end": "2024-12-13", "tenure": "Developing", "return": -0.013674, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-20", "end": "2025-01-31", "tenure": "Developing", "return": 0.039679, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.008686, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-06-06", "tenure": "Established", "return": 0.05495, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.056338, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-07", "tenure": "Established", "return": 0.04178, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2025-12-12", "tenure": "Developing", "return": 0.082487, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-03-13", "tenure": "Established", "return": 0.048325, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.170484, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-07-03", "tenure": "Developing", "return": -0.040941, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-10", "end": "2026-07-17", "tenure": "New", "return": -0.016798, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.047942, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 80.581083, "volume": 22540, "typical_volume": 30826.15, "trend": 81.940825, "fair_value": 79.117775, "relative_strength": -13.497584, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 3.690862, "energy": 8.026676, "activity_lines": [ 82.558945, 83.08903, 81.717878, 81.436907 ] }, { "date": "2023-08-25", "close": 80.60725, "volume": 24342, "typical_volume": 30712.2, "trend": 81.745972, "fair_value": 79.287241, "relative_strength": -14.567695, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": -6.870165, "energy": 15.930008, "activity_lines": [ 81.610545, 82.68904, 81.699613, 81.35087 ] }, { "date": "2023-09-01", "close": 83.324186, "volume": 16895, "typical_volume": 30246.85, "trend": 81.561015, "fair_value": 79.471559, "relative_strength": -14.622025, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.404273, "energy": 15.023186, "activity_lines": [ 81.855867, 82.781749, 81.934315, 81.45269 ] }, { "date": "2023-09-08", "close": 79.219259, "volume": 13039, "typical_volume": 29455.35, "trend": 81.331189, "fair_value": 79.630851, "relative_strength": -17.429577, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.230946, "energy": 22.594466, "activity_lines": [ 80.944288, 82.048907, 81.768993, 81.301609 ] }, { "date": "2023-09-15", "close": 78.810712, "volume": 32707, "typical_volume": 29729.65, "trend": 81.055478, "fair_value": 79.780183, "relative_strength": -17.206897, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.323363, "energy": 25.287937, "activity_lines": [ 80.179916, 81.317834, 81.568507, 81.138998 ] }, { "date": "2023-09-22", "close": 76.209706, "volume": 16210, "typical_volume": 27790.5, "trend": 80.756955, "fair_value": 79.938084, "relative_strength": -16.958301, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -40.039085, "energy": 50.655248, "activity_lines": [ 78.746985, 80.1899, 81.123421, 80.826367 ] }, { "date": "2023-09-29", "close": 76.604163, "volume": 23051, "typical_volume": 26689.6, "trend": 80.310945, "fair_value": 80.086316, "relative_strength": -16.360761, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.314287, "energy": 61.122412, "activity_lines": [ 77.736965, 79.291869, 80.727006, 80.558445 ] }, { "date": "2023-10-06", "close": 75.007514, "volume": 36179, "typical_volume": 26582.75, "trend": 80.110916, "fair_value": 80.20041, "relative_strength": -19.193154, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.566664, "energy": 72.403604, "activity_lines": [ 76.461602, 78.254887, 80.180382, 80.216288 ] }, { "date": "2023-10-13", "close": 74.054576, "volume": 13631, "typical_volume": 25430.2, "trend": 80.025615, "fair_value": 80.308464, "relative_strength": -19.941111, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -80.764353, "energy": 86.584384, "activity_lines": [ 75.423037, 77.253513, 79.557735, 79.825557 ] }, { "date": "2023-10-20", "close": 71.901883, "volume": 24190, "typical_volume": 24086.0, "trend": 79.806553, "fair_value": 80.399456, "relative_strength": -19.475439, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.303653, "energy": 89.713693, "activity_lines": [ 74.01122, 76.031932, 78.740289, 79.301445 ] }, { "date": "2023-10-27", "close": 71.0803, "volume": 555498, "typical_volume": 50817.5, "trend": 79.426673, "fair_value": 80.508254, "relative_strength": -17.813699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.32504, "energy": 92.021669, "activity_lines": [ 72.78613, 74.840707, 77.877767, 78.738461 ] }, { "date": "2023-11-03", "close": 75.458824, "volume": 55480, "typical_volume": 51667.65, "trend": 79.295585, "fair_value": 80.614034, "relative_strength": -17.51253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.31812, "energy": 75.481085, "activity_lines": [ 73.362509, 74.61832, 77.4696, 78.482471 ] }, { "date": "2023-11-10", "close": 73.507699, "volume": 28978, "typical_volume": 51909.8, "trend": 79.031914, "fair_value": 80.694398, "relative_strength": -21.370426, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.989664, "energy": 57.374379, "activity_lines": [ 73.364869, 74.13479, 76.89979, 78.109059 ] }, { "date": "2023-11-17", "close": 76.989844, "volume": 20823, "typical_volume": 51444.5, "trend": 78.931383, "fair_value": 80.789795, "relative_strength": -18.758718, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.099026, "energy": 38.470782, "activity_lines": [ 74.627931, 74.462859, 76.687616, 77.977312 ] }, { "date": "2023-11-24", "close": 77.145871, "volume": 12888, "typical_volume": 50778.0, "trend": 78.854085, "fair_value": 80.871679, "relative_strength": -18.741078, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.507598, "energy": 24.897048, "activity_lines": [ 75.747318, 74.859832, 76.520835, 77.862118 ] }, { "date": "2023-12-01", "close": 79.340009, "volume": 27660, "typical_volume": 50565.7, "trend": 78.880706, "fair_value": 80.95425, "relative_strength": -15.962836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -15.698599, "energy": 21.362086, "activity_lines": [ 77.248486, 75.686009, 76.590866, 77.893468 ] }, { "date": "2023-12-08", "close": 78.598878, "volume": 362087, "typical_volume": 67584.6, "trend": 78.934218, "fair_value": 81.033079, "relative_strength": -16.66229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.865652, "energy": 24.941045, "activity_lines": [ 77.951962, 76.320519, 76.616835, 77.875285 ] }, { "date": "2023-12-15", "close": 82.428672, "volume": 18536, "typical_volume": 67422.4, "trend": 79.078471, "fair_value": 81.130303, "relative_strength": -14.895688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 38.050645, "energy": 39.44494, "activity_lines": [ 79.722699, 77.615089, 77.037687, 78.100734 ] }, { "date": "2023-12-22", "close": 84.530239, "volume": 15002, "typical_volume": 67258.2, "trend": 79.356116, "fair_value": 81.239947, "relative_strength": -12.944317, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.67482, "energy": 60.723961, "activity_lines": [ 81.599227, 79.156831, 77.678053, 78.452461 ] }, { "date": "2023-12-29", "close": 83.844196, "volume": 10096, "typical_volume": 66491.6, "trend": 79.522005, "fair_value": 81.340103, "relative_strength": -13.34344, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.54897, "energy": 67.912435, "activity_lines": [ 82.744381, 80.383372, 78.248033, 78.742015 ] }, { "date": "2024-01-05", "close": 80.99222, "volume": 17610, "typical_volume": 66245.1, "trend": 79.590932, "fair_value": 81.383905, "relative_strength": -12.921503, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.083885, "energy": 62.036007, "activity_lines": [ 82.492322, 80.874239, 78.536603, 78.836867 ] }, { "date": "2024-01-12", "close": 80.328326, "volume": 43181, "typical_volume": 67187.05, "trend": 79.583999, "fair_value": 81.433932, "relative_strength": -15.601905, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 25.420405, "energy": 43.545345, "activity_lines": [ 81.908817, 81.064181, 78.759986, 78.884441 ] }, { "date": "2024-01-19", "close": 79.48714, "volume": 15297, "typical_volume": 67107.15, "trend": 79.601297, "fair_value": 81.48814, "relative_strength": -18.054311, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.376103, "energy": 21.165653, "activity_lines": [ 80.92962, 81.012643, 78.904585, 78.878192 ] }, { "date": "2024-01-26", "close": 80.551192, "volume": 15010, "typical_volume": 67205.7, "trend": 79.50627, "fair_value": 81.578538, "relative_strength": -16.751383, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.566822, "energy": 12.28923, "activity_lines": [ 80.501209, 81.045853, 79.168793, 78.939476 ] }, { "date": "2024-02-02", "close": 80.257174, "volume": 17742, "typical_volume": 66457.45, "trend": 79.415061, "fair_value": 81.635395, "relative_strength": -17.328113, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 8.436453, "energy": 13.527675, "activity_lines": [ 80.240062, 80.960853, 79.398658, 78.987921 ] }, { "date": "2024-02-09", "close": 81.172257, "volume": 21209, "typical_volume": 66707.4, "trend": 79.290478, "fair_value": 81.68799, "relative_strength": -17.194706, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 11.216335, "energy": 11.542739, "activity_lines": [ 80.523078, 80.985662, 79.708785, 79.101288 ] }, { "date": "2024-02-16", "close": 83.520776, "volume": 20532, "typical_volume": 66581.45, "trend": 79.243557, "fair_value": 81.751259, "relative_strength": -12.790087, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 69.499257, "energy": 44.744647, "activity_lines": [ 81.57693, 81.404162, 80.218949, 79.374211 ] }, { "date": "2024-02-23", "close": 84.324426, "volume": 4873, "typical_volume": 65016.15, "trend": 79.171195, "fair_value": 81.825802, "relative_strength": -12.439955, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.965729, "energy": 63.196978, "activity_lines": [ 82.685836, 81.87929, 80.772716, 79.702009 ] }, { "date": "2024-03-01", "close": 85.559303, "volume": 28794, "typical_volume": 65774.3, "trend": 79.240835, "fair_value": 81.896642, "relative_strength": -12.071991, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.588743, "energy": 78.23699, "activity_lines": [ 83.883882, 82.544474, 81.399723, 80.114145 ] }, { "date": "2024-03-08", "close": 86.728221, "volume": 13489, "typical_volume": 65239.25, "trend": 79.40553, "fair_value": 81.9319, "relative_strength": -8.84945, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.158205, "energy": 85.578816, "activity_lines": [ 85.137694, 83.403477, 82.083272, 80.597202 ] }, { "date": "2024-03-15", "close": 87.115051, "volume": 7607, "typical_volume": 37844.7, "trend": 79.623329, "fair_value": 81.981829, "relative_strength": -6.938527, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.179334, "energy": 90.49359, "activity_lines": [ 86.089045, 84.280377, 82.73306, 81.094591 ] }, { "date": "2024-03-22", "close": 88.926683, "volume": 8282, "typical_volume": 35484.8, "trend": 79.900643, "fair_value": 82.045413, "relative_strength": -7.323003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.179536, "energy": 93.159684, "activity_lines": [ 87.248088, 85.37534, 83.479028, 81.694807 ] }, { "date": "2024-03-29", "close": 91.26479, "volume": 3171, "typical_volume": 34194.45, "trend": 80.16533, "fair_value": 82.120083, "relative_strength": -3.921677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.193263, "energy": 95.329751, "activity_lines": [ 88.826105, 86.739079, 84.38354, 82.427978 ] }, { "date": "2024-04-05", "close": 90.906313, "volume": 15856, "typical_volume": 33946.1, "trend": 80.554899, "fair_value": 82.197921, "relative_strength": -3.139001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.75829, "energy": 92.161776, "activity_lines": [ 89.82194, 87.823502, 85.169355, 83.120944 ] }, { "date": "2024-04-12", "close": 87.826397, "volume": 11632, "typical_volume": 33883.3, "trend": 80.855421, "fair_value": 82.239465, "relative_strength": -5.465587, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.497104, "energy": 76.009736, "activity_lines": [ 89.434668, 88.159665, 85.595575, 83.590073 ] }, { "date": "2024-04-19", "close": 86.694379, "volume": 13551, "typical_volume": 33177.85, "trend": 81.204911, "fair_value": 82.276903, "relative_strength": -0.961426, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.258739, "energy": 59.36078, "activity_lines": [ 88.596846, 88.152385, 85.863124, 83.96678 ] }, { "date": "2024-04-26", "close": 86.598399, "volume": 14085, "typical_volume": 15777.75, "trend": 81.538052, "fair_value": 82.308741, "relative_strength": -4.414052, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.618008, "energy": 41.079114, "activity_lines": [ 87.755075, 88.027251, 86.086511, 84.314747 ] }, { "date": "2024-05-03", "close": 87.826397, "volume": 8190, "typical_volume": 15260.45, "trend": 81.965348, "fair_value": 82.296336, "relative_strength": -3.675291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.139082, "energy": 28.712686, "activity_lines": [ 87.477855, 88.069433, 86.388758, 84.720447 ] }, { "date": "2024-05-10", "close": 90.096424, "volume": 6174, "typical_volume": 14819.05, "trend": 82.500076, "fair_value": 82.314264, "relative_strength": -2.345657, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.948459, "energy": 38.212657, "activity_lines": [ 88.186537, 88.460675, 86.881494, 85.245032 ] }, { "date": "2024-05-17", "close": 91.202605, "volume": 17167, "typical_volume": 15172.6, "trend": 83.143434, "fair_value": 82.349253, "relative_strength": -2.985349, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.457015, "energy": 55.7574, "activity_lines": [ 89.317939, 88.970548, 87.453075, 85.806486 ] }, { "date": "2024-05-24", "close": 90.59676, "volume": 14058, "typical_volume": 14995.0, "trend": 83.793982, "fair_value": 82.362192, "relative_strength": -4.735712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.850962, "energy": 64.550693, "activity_lines": [ 90.022312, 89.288914, 87.931917, 86.287346 ] }, { "date": "2024-05-31", "close": 90.630358, "volume": 4677, "typical_volume": 13069.8, "trend": 84.2997, "fair_value": 82.371034, "relative_strength": -2.964834, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.180328, "energy": 69.963236, "activity_lines": [ 90.477726, 89.550086, 88.368222, 86.728402 ] }, { "date": "2024-06-07", "close": 87.606634, "volume": 4257, "typical_volume": 12517.8, "trend": 84.769664, "fair_value": 82.362787, "relative_strength": -8.387539, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.132906, "energy": 46.286189, "activity_lines": [ 89.656434, 89.230514, 88.467497, 86.941753 ] }, { "date": "2024-06-14", "close": 85.881248, "volume": 9223, "typical_volume": 12228.45, "trend": 85.066045, "fair_value": 82.397306, "relative_strength": -12.900082, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 26.895708, "energy": 17.700006, "activity_lines": [ 88.274665, 88.663747, 88.363784, 87.013468 ] }, { "date": "2024-06-21", "close": 86.52688, "volume": 6405, "typical_volume": 11661.6, "trend": 85.378745, "fair_value": 82.413894, "relative_strength": -12.107714, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 19.964915, "energy": 18.971532, "activity_lines": [ 87.389118, 88.305732, 88.29618, 87.107715 ] }, { "date": "2024-06-28", "close": 86.14308, "volume": 14514, "typical_volume": 11326.85, "trend": 85.605514, "fair_value": 82.425205, "relative_strength": -12.051402, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 1.025239, "energy": 20.898572, "activity_lines": [ 86.687353, 87.901563, 88.162167, 87.157027 ] }, { "date": "2024-07-05", "close": 85.913497, "volume": 4171, "typical_volume": 10508.8, "trend": 85.849335, "fair_value": 82.437187, "relative_strength": -14.859377, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.023414, "energy": 22.957873, "activity_lines": [ 86.205972, 87.465676, 87.982618, 87.176897 ] }, { "date": "2024-07-12", "close": 88.949021, "volume": 11357, "typical_volume": 10833.0, "trend": 86.06668, "fair_value": 82.503026, "relative_strength": -11.228171, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.326948, "energy": 16.726535, "activity_lines": [ 87.050889, 87.594154, 88.080773, 87.376877 ] }, { "date": "2024-07-19", "close": 88.774814, "volume": 6559, "typical_volume": 9721.25, "trend": 86.208165, "fair_value": 82.555139, "relative_strength": -7.392455, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.76926, "energy": 12.676473, "activity_lines": [ 87.748246, 87.670548, 88.140315, 87.551595 ] }, { "date": "2024-07-26", "close": 90.524869, "volume": 3662, "typical_volume": 9229.9, "trend": 86.430854, "fair_value": 82.593438, "relative_strength": -2.771376, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.156405, "energy": 31.058908, "activity_lines": [ 88.836049, 88.089162, 88.351217, 87.830092 ] }, { "date": "2024-08-02", "close": 86.443509, "volume": 10048, "typical_volume": 9351.95, "trend": 86.612564, "fair_value": 82.607226, "relative_strength": -3.907149, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.152231, "energy": 17.323827, "activity_lines": [ 88.296867, 87.778033, 88.155339, 87.830909 ] }, { "date": "2024-08-09", "close": 85.27096, "volume": 13147, "typical_volume": 9595.2, "trend": 86.777319, "fair_value": 82.581792, "relative_strength": -5.236862, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.645932, "energy": 5.079275, "activity_lines": [ 87.346806, 87.329228, 87.850988, 87.744354 ] }, { "date": "2024-08-16", "close": 87.335238, "volume": 2430, "typical_volume": 9558.15, "trend": 87.038922, "fair_value": 82.609927, "relative_strength": -7.593237, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.832002, "energy": 6.743663, "activity_lines": [ 87.127674, 87.353189, 87.760642, 87.780348 ] }, { "date": "2024-08-23", "close": 89.975347, "volume": 3792, "typical_volume": 8954.95, "trend": 87.35306, "fair_value": 82.621627, "relative_strength": -5.461002, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.974562, "energy": 15.12733, "activity_lines": [ 87.896164, 87.862105, 87.940447, 87.969795 ] }, { "date": "2024-08-30", "close": 90.063042, "volume": 6533, "typical_volume": 8700.0, "trend": 87.679923, "fair_value": 82.645799, "relative_strength": -4.320614, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.025756, "energy": 19.415034, "activity_lines": [ 88.613849, 88.312527, 88.133038, 88.144633 ] }, { "date": "2024-09-06", "close": 83.991008, "volume": 4700, "typical_volume": 8257.45, "trend": 87.773881, "fair_value": 82.644111, "relative_strength": -5.038061, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.726611, "energy": 13.754856, "activity_lines": [ 87.338312, 87.594648, 87.736689, 87.906638 ] }, { "date": "2024-09-13", "close": 89.085096, "volume": 8223, "typical_volume": 7964.35, "trend": 87.959358, "fair_value": 82.692032, "relative_strength": -4.678276, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.491105, "energy": 10.713821, "activity_lines": [ 87.924305, 87.842097, 87.838364, 87.991233 ] }, { "date": "2024-09-20", "close": 91.4366, "volume": 11078, "typical_volume": 8108.75, "trend": 88.196431, "fair_value": 82.755559, "relative_strength": -3.369902, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.196559, "energy": 27.271015, "activity_lines": [ 89.039856, 88.459426, 88.152151, 88.215571 ] }, { "date": "2024-09-27", "close": 94.885726, "volume": 45719, "typical_volume": 10086.0, "trend": 88.507312, "fair_value": 82.837063, "relative_strength": -0.553763, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 73.573433, "energy": 56.338644, "activity_lines": [ 91.031692, 89.65864, 88.777235, 88.647138 ] }, { "date": "2024-10-04", "close": 93.453153, "volume": 18652, "typical_volume": 10160.25, "trend": 88.731476, "fair_value": 82.907546, "relative_strength": -2.022614, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.401614, "energy": 65.977883, "activity_lines": [ 92.218645, 90.486279, 89.243076, 88.966225 ] }, { "date": "2024-10-11", "close": 94.569571, "volume": 11982, "typical_volume": 10056.45, "trend": 88.97996, "fair_value": 82.963567, "relative_strength": -1.946155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.308053, "energy": 73.333984, "activity_lines": [ 93.551729, 91.463661, 89.804527, 89.342876 ] }, { "date": "2024-10-18", "close": 96.367697, "volume": 6422, "typical_volume": 10143.7, "trend": 89.227994, "fair_value": 83.028651, "relative_strength": -0.215119, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.37011, "energy": 79.49182, "activity_lines": [ 94.778952, 92.620229, 90.518309, 89.819504 ] }, { "date": "2024-10-25", "close": 93.957023, "volume": 7841, "typical_volume": 10322.9, "trend": 89.317735, "fair_value": 83.072784, "relative_strength": -2.709969, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.164509, "energy": 69.337008, "activity_lines": [ 94.71711, 93.136733, 90.975183, 90.124603 ] }, { "date": "2024-11-01", "close": 92.267575, "volume": 4455, "typical_volume": 10084.5, "trend": 89.36311, "fair_value": 83.08398, "relative_strength": -2.746659, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.044206, "energy": 55.931488, "activity_lines": [ 93.92409, 93.22567, 91.240917, 90.314915 ] }, { "date": "2024-11-08", "close": 96.426976, "volume": 5106, "typical_volume": 10019.55, "trend": 89.649796, "fair_value": 83.110753, "relative_strength": -3.566007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.919313, "energy": 51.293987, "activity_lines": [ 94.692081, 94.029184, 91.872373, 90.770649 ] }, { "date": "2024-11-15", "close": 93.532191, "volume": 5335, "typical_volume": 9560.6, "trend": 89.877723, "fair_value": 83.136989, "relative_strength": -3.032024, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.851693, "energy": 36.321032, "activity_lines": [ 94.296888, 94.190665, 92.180992, 91.021126 ] }, { "date": "2024-11-22", "close": 97.098705, "volume": 4281, "typical_volume": 9566.1, "trend": 90.227733, "fair_value": 83.198729, "relative_strength": -1.096666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.114636, "energy": 44.535095, "activity_lines": [ 95.159693, 94.827128, 92.794093, 91.486995 ] }, { "date": "2024-11-29", "close": 97.691592, "volume": 3513, "typical_volume": 9173.9, "trend": 90.556573, "fair_value": 83.283704, "relative_strength": -1.134448, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.315708, "energy": 55.462134, "activity_lines": [ 96.171392, 95.425686, 93.410396, 91.968535 ] }, { "date": "2024-12-06", "close": 95.410541, "volume": 5255, "typical_volume": 9108.7, "trend": 90.733711, "fair_value": 83.333113, "relative_strength": -6.321891, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.840726, "energy": 45.697379, "activity_lines": [ 96.17377, 95.49578, 93.767825, 92.281694 ] }, { "date": "2024-12-13", "close": 92.175298, "volume": 6407, "typical_volume": 9245.95, "trend": 90.766134, "fair_value": 83.367709, "relative_strength": -9.911582, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.940035, "energy": 31.994142, "activity_lines": [ 94.888202, 94.968107, 93.785538, 92.3747 ] }, { "date": "2024-12-20", "close": 86.802359, "volume": 10995, "typical_volume": 9293.3, "trend": 90.639654, "fair_value": 83.35448, "relative_strength": -12.868255, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -1.760144, "energy": 11.583874, "activity_lines": [ 92.0951, 93.486769, 93.283682, 92.118972 ] }, { "date": "2024-12-27", "close": 86.659615, "volume": 6152, "typical_volume": 8943.55, "trend": 90.507295, "fair_value": 83.329726, "relative_strength": -13.451309, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.669965, "energy": 41.136328, "activity_lines": [ 89.703072, 92.1207, 92.766523, 91.862195 ] }, { "date": "2025-01-03", "close": 86.184701, "volume": 8387, "typical_volume": 9241.4, "trend": 90.459898, "fair_value": 83.305791, "relative_strength": -12.922814, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.301759, "energy": 56.711632, "activity_lines": [ 87.848679, 90.844793, 92.197521, 91.583318 ] }, { "date": "2025-01-10", "close": 86.09493, "volume": 4380, "typical_volume": 9270.8, "trend": 90.46702, "fair_value": 83.282937, "relative_strength": -10.812502, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.213329, "energy": 68.440036, "activity_lines": [ 86.731488, 89.69388, 91.625449, 91.301708 ] }, { "date": "2025-01-17", "close": 91.386067, "volume": 7889, "typical_volume": 9338.6, "trend": 90.628993, "fair_value": 83.347137, "relative_strength": -7.834599, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.213307, "energy": 54.396665, "activity_lines": [ 87.99905, 89.617221, 91.575772, 91.361001 ] }, { "date": "2025-01-24", "close": 91.342371, "volume": 8002, "typical_volume": 9503.7, "trend": 90.802303, "fair_value": 83.418455, "relative_strength": -9.078726, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.318933, "energy": 22.700349, "activity_lines": [ 89.304662, 89.62427, 91.515634, 91.407025 ] }, { "date": "2025-01-31", "close": 90.24659, "volume": 7395, "typical_volume": 9462.3, "trend": 90.946739, "fair_value": 83.464656, "relative_strength": -8.764632, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.585021, "energy": 10.568572, "activity_lines": [ 89.942346, 89.471901, 91.31613, 91.371173 ] }, { "date": "2025-02-07", "close": 89.513361, "volume": 9092, "typical_volume": 9363.0, "trend": 90.965551, "fair_value": 83.490762, "relative_strength": -9.471069, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.701831, "energy": 14.603635, "activity_lines": [ 90.096489, 89.310802, 91.041263, 91.278697 ] }, { "date": "2025-02-14", "close": 90.576939, "volume": 9014, "typical_volume": 7527.75, "trend": 91.025622, "fair_value": 83.528225, "relative_strength": -10.744477, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -6.159556, "energy": 11.603917, "activity_lines": [ 90.383248, 89.491776, 90.876847, 91.253625 ] }, { "date": "2025-02-21", "close": 88.076629, "volume": 5591, "typical_volume": 6874.7, "trend": 90.944014, "fair_value": 83.536351, "relative_strength": -10.973862, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.898953, "energy": 16.575084, "activity_lines": [ 89.537769, 89.306031, 90.494825, 91.063367 ] }, { "date": "2025-02-28", "close": 88.735841, "volume": 8663, "typical_volume": 6708.75, "trend": 91.020425, "fair_value": 83.544225, "relative_strength": -6.970182, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.617921, "energy": 31.302967, "activity_lines": [ 89.132657, 89.314665, 90.201187, 90.920905 ] }, { "date": "2025-03-07", "close": 86.352551, "volume": 20068, "typical_volume": 7391.05, "trend": 91.056478, "fair_value": 83.538294, "relative_strength": -6.231255, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.793663, "energy": 47.893588, "activity_lines": [ 88.106883, 88.854819, 89.708349, 90.619752 ] }, { "date": "2025-03-14", "close": 85.737134, "volume": 40942, "typical_volume": 9046.1, "trend": 91.003208, "fair_value": 83.50164, "relative_strength": -4.317086, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.10357, "energy": 64.913064, "activity_lines": [ 87.135573, 88.288662, 89.204591, 90.276568 ] }, { "date": "2025-03-21", "close": 84.886093, "volume": 13993, "typical_volume": 9523.0, "trend": 90.833566, "fair_value": 83.426411, "relative_strength": -5.269195, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.78466, "energy": 75.160375, "activity_lines": [ 86.132331, 87.575908, 88.658924, 89.881916 ] }, { "date": "2025-03-28", "close": 84.156537, "volume": 6214, "typical_volume": 9578.4, "trend": 90.636682, "fair_value": 83.357855, "relative_strength": -3.568751, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.103884, "energy": 78.934376, "activity_lines": [ 85.265293, 86.752486, 88.078925, 89.451139 ] }, { "date": "2025-04-04", "close": 75.165666, "volume": 43290, "typical_volume": 11476.15, "trend": 90.342504, "fair_value": 83.235719, "relative_strength": -4.147185, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.897602, "energy": 92.237691, "activity_lines": [ 81.662638, 84.425806, 86.701084, 88.453009 ] }, { "date": "2025-04-11", "close": 78.354694, "volume": 216334, "typical_volume": 22078.8, "trend": 89.984824, "fair_value": 83.113144, "relative_strength": -6.775762, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.814538, "energy": 85.889894, "activity_lines": [ 80.027671, 82.973071, 85.714419, 87.679602 ] }, { "date": "2025-04-18", "close": 79.149467, "volume": 7675, "typical_volume": 22286.9, "trend": 89.575253, "fair_value": 83.034541, "relative_strength": -3.323192, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.939413, "energy": 85.764609, "activity_lines": [ 79.190818, 81.881057, 84.892704, 86.980547 ] }, { "date": "2025-04-25", "close": 81.941107, "volume": 8445, "typical_volume": 22446.4, "trend": 89.143766, "fair_value": 82.995635, "relative_strength": -5.658178, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.303718, "energy": 71.507505, "activity_lines": [ 79.72369, 81.485049, 84.425155, 86.488021 ] }, { "date": "2025-05-02", "close": 83.560457, "volume": 12052, "typical_volume": 22728.65, "trend": 88.814009, "fair_value": 82.980928, "relative_strength": -6.683769, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.21691, "energy": 46.977173, "activity_lines": [ 80.992678, 81.540482, 84.17597, 86.127808 ] }, { "date": "2025-05-09", "close": 84.756492, "volume": 3158, "typical_volume": 22336.8, "trend": 88.486907, "fair_value": 82.999375, "relative_strength": -4.868119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.625864, "energy": 27.420357, "activity_lines": [ 82.700082, 81.895489, 84.081716, 85.866033 ] }, { "date": "2025-05-16", "close": 87.643604, "volume": 2296, "typical_volume": 22144.0, "trend": 88.196104, "fair_value": 83.039122, "relative_strength": -7.613142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -19.002902, "energy": 21.708113, "activity_lines": [ 84.730469, 82.847777, 84.272168, 85.811626 ] }, { "date": "2025-05-23", "close": 86.709746, "volume": 5494, "typical_volume": 21999.35, "trend": 87.954528, "fair_value": 83.026547, "relative_strength": -6.10975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.366136, "energy": 23.66487, "activity_lines": [ 85.83031, 83.606799, 84.368995, 85.715732 ] }, { "date": "2025-05-30", "close": 87.305826, "volume": 3509, "typical_volume": 21955.8, "trend": 87.789136, "fair_value": 83.030198, "relative_strength": -6.924972, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.597666, "energy": 22.989315, "activity_lines": [ 86.624824, 84.456515, 84.520092, 85.67388 ] }, { "date": "2025-06-06", "close": 91.097589, "volume": 6628, "typical_volume": 21892.75, "trend": 87.61149, "fair_value": 83.096848, "relative_strength": -4.676366, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 37.099118, "energy": 38.182032, "activity_lines": [ 88.325612, 85.951648, 85.026542, 85.887329 ] }, { "date": "2025-06-13", "close": 90.739842, "volume": 1866, "typical_volume": 21585.95, "trend": 87.518411, "fair_value": 83.215154, "relative_strength": -4.434661, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 33.830792, "energy": 51.326043, "activity_lines": [ 89.404676, 87.255535, 85.500295, 86.089158 ] }, { "date": "2025-06-20", "close": 90.653807, "volume": 3832, "typical_volume": 21407.8, "trend": 87.303582, "fair_value": 83.33076, "relative_strength": -4.407671, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.285496, "energy": 57.117232, "activity_lines": [ 90.056171, 88.260612, 85.968724, 86.291442 ] }, { "date": "2025-06-27", "close": 92.421228, "volume": 2063, "typical_volume": 21056.35, "trend": 87.127903, "fair_value": 83.477355, "relative_strength": -6.306498, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.816432, "energy": 63.323595, "activity_lines": [ 91.096127, 89.363418, 86.603539, 86.621612 ] }, { "date": "2025-07-04", "close": 95.851968, "volume": 2145, "typical_volume": 20712.9, "trend": 87.142617, "fair_value": 83.649949, "relative_strength": -4.230464, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 88.652608, "energy": 90.484665, "activity_lines": [ 92.898896, 90.848691, 87.551244, 87.184455 ] }, { "date": "2025-07-11", "close": 97.813628, "volume": 3331, "typical_volume": 20599.9, "trend": 87.330561, "fair_value": 83.841968, "relative_strength": -1.869515, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.669369, "energy": 95.844439, "activity_lines": [ 94.78581, 92.437704, 88.660655, 87.872908 ] }, { "date": "2025-07-18", "close": 99.633072, "volume": 2831, "typical_volume": 20308.3, "trend": 87.758252, "fair_value": 84.027028, "relative_strength": -1.19242, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.503561, "energy": 96.029875, "activity_lines": [ 96.831469, 94.098376, 89.896979, 88.666618 ] }, { "date": "2025-07-25", "close": 100.955452, "volume": 2479, "typical_volume": 19428.85, "trend": 88.23478, "fair_value": 84.181674, "relative_strength": -0.588813, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.03242, "energy": 95.948879, "activity_lines": [ 98.72504, 95.728998, 91.207353, 89.51805 ] }, { "date": "2025-08-01", "close": 94.502598, "volume": 4719, "typical_volume": 17617.7, "trend": 88.512043, "fair_value": 84.297787, "relative_strength": -4.60832, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.079586, "energy": 87.095651, "activity_lines": [ 97.780883, 95.94434, 91.833632, 89.922426 ] }, { "date": "2025-08-08", "close": 99.095774, "volume": 3957, "typical_volume": 17115.9, "trend": 88.945404, "fair_value": 84.406553, "relative_strength": -3.384603, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.479544, "energy": 68.835158, "activity_lines": [ 98.229026, 96.853117, 92.855616, 90.605247 ] }, { "date": "2025-08-15", "close": 101.079842, "volume": 1919, "typical_volume": 16901.15, "trend": 89.26853, "fair_value": 84.542213, "relative_strength": -1.822801, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.251469, "energy": 69.973058, "activity_lines": [ 99.122272, 97.908271, 93.998894, 91.388114 ] }, { "date": "2025-08-22", "close": 102.322051, "volume": 1892, "typical_volume": 14831.25, "trend": 89.634519, "fair_value": 84.67129, "relative_strength": 0.420777, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.951524, "energy": 68.397563, "activity_lines": [ 100.21184, 99.007786, 95.17989, 92.230277 ] }, { "date": "2025-08-29", "close": 103.39107, "volume": 3219, "typical_volume": 4175.5, "trend": 90.072669, "fair_value": 84.848329, "relative_strength": 1.847022, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.268075, "energy": 71.176653, "activity_lines": [ 101.478482, 100.091082, 96.333381, 93.117796 ] }, { "date": "2025-09-05", "close": 103.260804, "volume": 1910, "typical_volume": 3887.25, "trend": 90.530917, "fair_value": 84.996984, "relative_strength": 0.817131, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.656812, "energy": 81.374838, "activity_lines": [ 102.539327, 100.919106, 97.355245, 93.968643 ] }, { "date": "2025-09-12", "close": 104.522533, "volume": 2524, "typical_volume": 3591.2, "trend": 90.99577, "fair_value": 85.19926, "relative_strength": 0.316829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.52301, "energy": 81.773143, "activity_lines": [ 103.436869, 101.779453, 98.382458, 94.871328 ] }, { "date": "2025-09-19", "close": 106.049276, "volume": 5040, "typical_volume": 3240.6, "trend": 91.594858, "fair_value": 85.444604, "relative_strength": -0.225456, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.717988, "energy": 82.767289, "activity_lines": [ 104.481541, 102.759743, 99.447544, 95.842522 ] }, { "date": "2025-09-26", "close": 105.55697, "volume": 1642, "typical_volume": 3164.8, "trend": 92.155563, "fair_value": 85.689171, "relative_strength": -0.036165, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.822606, "energy": 70.354465, "activity_lines": [ 105.030815, 103.500783, 100.358655, 96.743304 ] }, { "date": "2025-10-03", "close": 107.558911, "volume": 3250, "typical_volume": 3212.5, "trend": 92.862441, "fair_value": 85.926275, "relative_strength": 0.800469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.468965, "energy": 70.846357, "activity_lines": [ 106.031742, 104.498106, 101.361376, 97.737068 ] }, { "date": "2025-10-10", "close": 107.066805, "volume": 3316, "typical_volume": 3103.6, "trend": 93.57343, "fair_value": 86.164804, "relative_strength": 2.791616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.418693, "energy": 67.791836, "activity_lines": [ 106.590778, 105.285892, 102.222396, 98.653479 ] }, { "date": "2025-10-17", "close": 108.339017, "volume": 8262, "typical_volume": 3341.25, "trend": 94.355194, "fair_value": 86.374176, "relative_strength": 1.710887, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.953171, "energy": 67.331124, "activity_lines": [ 107.32015, 106.076549, 103.10764, 99.606097 ] }, { "date": "2025-10-24", "close": 108.494141, "volume": 3300, "typical_volume": 3174.85, "trend": 95.166448, "fair_value": 86.575509, "relative_strength": -0.155201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.104875, "energy": 62.532129, "activity_lines": [ 107.846799, 106.727351, 103.9075, 100.518287 ] }, { "date": "2025-10-31", "close": 104.45315, "volume": 6009, "typical_volume": 3382.0, "trend": 96.142697, "fair_value": 86.751985, "relative_strength": -5.452638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.348048, "energy": 53.560617, "activity_lines": [ 106.863459, 106.508622, 104.239663, 101.117429 ] }, { "date": "2025-11-07", "close": 101.900247, "volume": 198886, "typical_volume": 13134.7, "trend": 96.927549, "fair_value": 86.885247, "relative_strength": -4.61553, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.670939, "energy": 35.452017, "activity_lines": [ 105.10274, 105.786982, 104.263391, 101.488884 ] }, { "date": "2025-11-14", "close": 102.254187, "volume": 11722, "typical_volume": 13617.65, "trend": 97.697706, "fair_value": 87.030258, "relative_strength": -3.920026, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.861013, "energy": 23.629267, "activity_lines": [ 103.837245, 105.156801, 104.267273, 101.832538 ] }, { "date": "2025-11-21", "close": 99.041187, "volume": 10598, "typical_volume": 14040.3, "trend": 98.267709, "fair_value": 87.137397, "relative_strength": -3.709174, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.911903, "energy": 20.791324, "activity_lines": [ 101.821591, 103.96074, 103.918331, 101.919214 ] }, { "date": "2025-11-28", "close": 106.895421, "volume": 12204, "typical_volume": 14483.95, "trend": 99.045541, "fair_value": 87.28653, "relative_strength": -0.750702, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.78988, "energy": 22.968906, "activity_lines": [ 103.043871, 104.292382, 104.302225, 102.475841 ] }, { "date": "2025-12-05", "close": 107.051742, "volume": 13626, "typical_volume": 15023.7, "trend": 99.788716, "fair_value": 87.461229, "relative_strength": -1.475321, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.432841, "energy": 16.055566, "activity_lines": [ 104.424838, 104.637061, 104.65776, 102.99237 ] }, { "date": "2025-12-12", "close": 110.688813, "volume": 12937, "typical_volume": 15546.6, "trend": 100.55689, "fair_value": 87.675703, "relative_strength": 3.775321, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 67.61156, "energy": 39.790935, "activity_lines": [ 106.844924, 105.615849, 105.324355, 103.695602 ] }, { "date": "2025-12-19", "close": 111.75702, "volume": 10054, "typical_volume": 15813.35, "trend": 101.391799, "fair_value": 87.892753, "relative_strength": 4.046306, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.839206, "energy": 65.856789, "activity_lines": [ 109.035174, 106.731949, 106.046336, 104.418191 ] }, { "date": "2025-12-26", "close": 114.044034, "volume": 6575, "typical_volume": 15944.25, "trend": 102.283073, "fair_value": 88.13324, "relative_strength": 4.690698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.608958, "energy": 76.671622, "activity_lines": [ 111.35424, 108.178593, 106.903963, 105.234464 ] }, { "date": "2026-01-02", "close": 112.689571, "volume": 4853, "typical_volume": 16090.95, "trend": 103.002805, "fair_value": 88.343233, "relative_strength": 5.0704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.233486, "energy": 74.715475, "activity_lines": [ 112.221628, 109.275243, 107.561411, 105.905851 ] }, { "date": "2026-01-09", "close": 120.753218, "volume": 60873, "typical_volume": 19040.0, "trend": 104.003251, "fair_value": 88.57665, "relative_strength": 9.890997, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.165929, "energy": 85.318055, "activity_lines": [ 115.390622, 111.761731, 108.931542, 107.051039 ] }, { "date": "2026-01-16", "close": 125.447239, "volume": 7556, "typical_volume": 19256.85, "trend": 105.163032, "fair_value": 88.845974, "relative_strength": 14.827216, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.400661, "energy": 93.753579, "activity_lines": [ 119.210858, 114.805312, 110.660955, 108.434522 ] }, { "date": "2026-01-23", "close": 131.02752, "volume": 23048, "typical_volume": 20313.75, "trend": 106.449909, "fair_value": 89.131709, "relative_strength": 19.170622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.76183, "energy": 96.848472, "activity_lines": [ 123.907292, 118.435362, 112.816793, 110.103199 ] }, { "date": "2026-01-30", "close": 120.91085, "volume": 19887, "typical_volume": 21181.9, "trend": 107.285205, "fair_value": 89.337081, "relative_strength": 9.871133, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.552919, "energy": 86.103635, "activity_lines": [ 123.946804, 119.702866, 113.876917, 111.036163 ] }, { "date": "2026-02-06", "close": 127.937997, "volume": 23786, "typical_volume": 22119.2, "trend": 108.28935, "fair_value": 89.605183, "relative_strength": 18.101604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.593064, "energy": 87.229249, "activity_lines": [ 125.870909, 121.850403, 115.528253, 112.368601 ] }, { "date": "2026-02-13", "close": 128.261953, "volume": 44855, "typical_volume": 24279.85, "trend": 109.243646, "fair_value": 89.869157, "relative_strength": 19.353698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.223841, "energy": 66.829849, "activity_lines": [ 126.886439, 123.674249, 117.106211, 113.657156 ] }, { "date": "2026-02-20", "close": 129.133928, "volume": 29852, "typical_volume": 25609.95, "trend": 110.182929, "fair_value": 90.151007, "relative_strength": 18.24669, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.12386, "energy": 62.551786, "activity_lines": [ 127.692044, 125.270996, 118.659094, 114.9404 ] }, { "date": "2026-02-27", "close": 131.996492, "volume": 13923, "typical_volume": 26140.3, "trend": 111.432725, "fair_value": 90.420315, "relative_strength": 20.629095, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.426092, "energy": 67.566234, "activity_lines": [ 129.206058, 127.052843, 120.381865, 116.347727 ] }, { "date": "2026-03-06", "close": 120.989367, "volume": 42823, "typical_volume": 27868.35, "trend": 112.162512, "fair_value": 90.676603, "relative_strength": 11.658886, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.444064, "energy": 50.244883, "activity_lines": [ 126.986433, 126.465404, 120.937625, 116.964284 ] }, { "date": "2026-03-13", "close": 117.157731, "volume": 14833, "typical_volume": 28445.0, "trend": 112.698442, "fair_value": 90.936501, "relative_strength": 9.015638, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.17536, "energy": 32.088855, "activity_lines": [ 123.484361, 125.055026, 121.068227, 117.286556 ] }, { "date": "2026-03-20", "close": 109.434224, "volume": 9214, "typical_volume": 28605.25, "trend": 112.935514, "fair_value": 91.134966, "relative_strength": 3.75203, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.543186, "energy": 17.48574, "activity_lines": [ 118.12647, 122.159134, 120.422003, 117.075962 ] }, { "date": "2026-03-27", "close": 115.0238, "volume": 18922, "typical_volume": 19607.05, "trend": 113.323272, "fair_value": 91.343601, "relative_strength": 12.399444, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.822313, "energy": 26.331697, "activity_lines": [ 115.886954, 120.485328, 120.284399, 117.21069 ] }, { "date": "2026-04-03", "close": 121.5821, "volume": 14822, "typical_volume": 19762.05, "trend": 113.933981, "fair_value": 91.614054, "relative_strength": 13.907682, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.080992, "energy": 21.987089, "activity_lines": [ 116.774213, 120.193458, 120.708902, 117.743517 ] }, { "date": "2026-04-10", "close": 125.6282, "volume": 7477, "typical_volume": 19606.0, "trend": 114.637504, "fair_value": 91.897454, "relative_strength": 12.290635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.924067, "energy": 19.120908, "activity_lines": [ 119.704465, 120.808977, 121.426711, 118.497983 ] }, { "date": "2026-04-17", "close": 126.1784, "volume": 13410, "typical_volume": 19666.3, "trend": 115.308475, "fair_value": 92.193432, "relative_strength": 6.04418, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.275793, "energy": 27.245502, "activity_lines": [ 122.508862, 121.438763, 122.070315, 119.242557 ] }, { "date": "2026-04-24", "close": 128.091027, "volume": 9604, "typical_volume": 19465.2, "trend": 116.05961, "fair_value": 92.505138, "relative_strength": 5.121776, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.231077, "energy": 46.445897, "activity_lines": [ 125.349422, 122.448291, 122.80425, 120.067238 ] }, { "date": "2026-05-01", "close": 128.187022, "volume": 6893, "typical_volume": 19163.0, "trend": 116.747213, "fair_value": 92.82338, "relative_strength": 3.396703, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.583876, "energy": 64.195047, "activity_lines": [ 126.978195, 123.478381, 123.44714, 120.849652 ] }, { "date": "2026-05-08", "close": 128.072947, "volume": 232050, "typical_volume": 30262.8, "trend": 117.447418, "fair_value": 93.150812, "relative_strength": -2.13983, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.386744, "energy": 65.543499, "activity_lines": [ 127.691394, 124.504947, 123.995841, 121.580344 ] }, { "date": "2026-05-15", "close": 125.537026, "volume": 17237, "typical_volume": 30795.9, "trend": 118.020685, "fair_value": 93.454888, "relative_strength": -3.850736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.313015, "energy": 54.874485, "activity_lines": [ 127.126563, 125.141773, 124.225331, 122.102254 ] }, { "date": "2026-05-22", "close": 126.40048, "volume": 8255, "typical_volume": 30966.0, "trend": 118.617563, "fair_value": 93.776681, "relative_strength": -4.403542, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.783353, "energy": 35.419578, "activity_lines": [ 126.855628, 125.852906, 124.482326, 122.642886 ] }, { "date": "2026-05-29", "close": 130.593185, "volume": 5557, "typical_volume": 28200.2, "trend": 119.488898, "fair_value": 94.108255, "relative_strength": -4.091946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.476617, "energy": 39.216695, "activity_lines": [ 127.967456, 127.1583, 125.073337, 123.415507 ] }, { "date": "2026-06-05", "close": 125.357623, "volume": 4584, "typical_volume": 28051.6, "trend": 120.27081, "fair_value": 94.405904, "relative_strength": -3.648132, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.597968, "energy": 29.447547, "activity_lines": [ 127.167286, 127.127064, 125.118865, 123.794134 ] }, { "date": "2026-06-12", "close": 131.771094, "volume": 6218, "typical_volume": 27210.1, "trend": 121.254707, "fair_value": 94.734332, "relative_strength": -1.105923, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.935592, "energy": 38.862979, "activity_lines": [ 128.693567, 128.074026, 125.775627, 124.536088 ] }, { "date": "2026-06-19", "close": 130.030702, "volume": 8635, "typical_volume": 26647.5, "trend": 122.287691, "fair_value": 95.061656, "relative_strength": -4.980811, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.503973, "energy": 42.732924, "activity_lines": [ 129.393174, 128.519299, 126.263097, 125.102281 ] }, { "date": "2026-06-26", "close": 126.2526, "volume": 8898, "typical_volume": 25903.1, "trend": 122.93293, "fair_value": 95.33634, "relative_strength": -3.49013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.92265, "energy": 29.88977, "activity_lines": [ 128.533835, 128.197599, 126.347319, 125.358082 ] }, { "date": "2026-07-03", "close": 122.9389, "volume": 5569, "typical_volume": 23938.8, "trend": 123.462502, "fair_value": 95.5924, "relative_strength": -6.82074, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.20288, "energy": 15.041288, "activity_lines": [ 126.579788, 127.272059, 126.123977, 125.358467 ] }, { "date": "2026-07-10", "close": 120.2291, "volume": 6459, "typical_volume": 22769.15, "trend": 123.780512, "fair_value": 95.818806, "relative_strength": -10.389728, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.283608, "energy": 13.489096, "activity_lines": [ 124.23276, 125.947503, 125.667906, 125.149861 ] }, { "date": "2026-07-17", "close": 118.2095, "volume": 22067, "typical_volume": 23176.35, "trend": 123.995594, "fair_value": 96.032146, "relative_strength": -7.992767, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.644598, "energy": 33.675927, "activity_lines": [ 121.554433, 124.400437, 125.061896, 124.790441 ] }, { "date": "2026-07-24", "close": 121.725, "volume": 6587, "typical_volume": 21364.55, "trend": 124.251627, "fair_value": 96.257978, "relative_strength": -3.70944, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -18.492386, "energy": 36.567941, "activity_lines": [ 120.952047, 123.671887, 124.856348, 124.643951 ] }, { "date": "2026-07-31", "close": 118.284, "volume": 8903, "typical_volume": 21068.05, "trend": 124.438107, "fair_value": 96.481144, "relative_strength": -6.949388, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -56.284092, "energy": 59.770461, "activity_lines": [ 119.756373, 122.387011, 124.319583, 124.258942 ] }, { "date": "2026-08-07", "close": 127.5608, "volume": 9339, "typical_volume": 21074.3, "trend": 124.665027, "fair_value": 96.774563, "relative_strength": -4.54768, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -29.389493, "energy": 26.671733, "activity_lines": [ 122.184207, 122.936398, 124.66096, 124.460406 ] } ], "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." } } }