{ "ticker": { "uuid": "cd3b24e2-6845-44ca-918a-004f59eee473", "symbol": "JMST", "name": "JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 65.789, "architecture_energy": 36.687, "architecture_maturity": 30.421, "architecture_confidence": 54.369, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 45.86, "rotation_up": 38.0, "upward_expansion": 66.03, "deceleration": 75.63, "rotation_down": 25.79, "downward_expansion": 8.7 }, "activity_lines": [ 50.827894, 50.826853, 50.792083, 50.761499 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.166667 }, "latest_close": 50.89, "trend_reference": 50.71552, "distance_from_trend": 0.00344, "trend_direction": "Improving", "fair_value": 48.901608, "distance_from_fair_value": 0.040661, "fair_value_direction": "Weakening", "relative_strength": -10.254544, "relative_strength_direction": "Improving", "price_momentum": 0.005191, "excess_performance": -0.120434, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.00344, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.003564, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.040661, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004055, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.102545, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.000931, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.005191, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.067, "read": "Demand-led" } ], "volume": { "latest": 4966268, "relative_activity": 0.934031, "balance": 1.067, "dry_up": 0.935926, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.001696, "annualized_volatility": 0.005749, "from_high_reference": -0.000635, "from_low_reference": 0.021085 }, "levels": { "trend_reference": 50.71552, "fair_value_reference": 48.901608, "structural_low": 50.597456, "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": 1, "median_return": 0.002379, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.036261, "regime_survival": 0.0, "best_return": 0.002379, "worst_return": 0.002379, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2021-07-09", "end": "2021-10-15", "tenure": "Established", "return": 0.000237, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2021-10-22", "end": "2022-01-21", "tenure": "Established", "return": -0.002518, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-01-28", "end": "2022-06-17", "tenure": "Established", "return": -0.001853, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-06-24", "end": "2022-07-08", "tenure": "New", "return": 0.002232, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2022-07-15", "end": "2022-08-19", "tenure": "Developing", "return": -0.000741, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-08-26", "end": "2022-09-23", "tenure": "Developing", "return": -0.001911, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2022-09-30", "end": "2022-10-28", "tenure": "Developing", "return": 0.002411, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-11-04", "end": "2022-11-25", "tenure": "New", "return": 0.00517, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2022-12-02", "end": "2026-05-22", "tenure": "Extended", "return": 0.113225, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-29", "end": "2026-06-05", "tenure": "New", "return": 0.001454, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-07-24", "tenure": "Developing", "return": -0.000565, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.001696, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 46.371853, "volume": 2247039, "typical_volume": 1663524.9, "trend": 46.056084, "fair_value": 45.510121, "relative_strength": -6.605756, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.965132, "energy": 76.00333, "activity_lines": [ 46.351132, 46.31962, 46.237021, 46.165602 ] }, { "date": "2023-08-25", "close": 46.36268, "volume": 1609435, "typical_volume": 1677351.95, "trend": 46.07649, "fair_value": 45.516906, "relative_strength": -7.235505, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.376922, "energy": 66.086643, "activity_lines": [ 46.356181, 46.333751, 46.255235, 46.185382 ] }, { "date": "2023-09-01", "close": 46.431866, "volume": 1496788, "typical_volume": 1643474.1, "trend": 46.098308, "fair_value": 45.524144, "relative_strength": -9.189231, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.674294, "energy": 71.814875, "activity_lines": [ 46.383296, 46.357114, 46.278545, 46.20831 ] }, { "date": "2023-09-08", "close": 46.477866, "volume": 897241, "typical_volume": 1595414.05, "trend": 46.12196, "fair_value": 45.531505, "relative_strength": -7.806536, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.715769, "energy": 82.112327, "activity_lines": [ 46.419525, 46.384233, 46.304415, 46.232797 ] }, { "date": "2023-09-15", "close": 46.468666, "volume": 1243102, "typical_volume": 1594793.3, "trend": 46.147416, "fair_value": 45.538864, "relative_strength": -7.484466, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.009513, "energy": 84.012993, "activity_lines": [ 46.443174, 46.405066, 46.327108, 46.255166 ] }, { "date": "2023-09-22", "close": 46.459466, "volume": 1564281, "typical_volume": 1603481.95, "trend": 46.172564, "fair_value": 45.546107, "relative_strength": -4.450271, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.558997, "energy": 78.203764, "activity_lines": [ 46.455467, 46.420031, 46.347015, 46.275298 ] }, { "date": "2023-09-29", "close": 46.413466, "volume": 1720008, "typical_volume": 1625373.55, "trend": 46.194073, "fair_value": 45.553037, "relative_strength": -3.565579, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.637275, "energy": 64.980076, "activity_lines": [ 46.446586, 46.423603, 46.360772, 46.29084 ] }, { "date": "2023-10-06", "close": 46.44532, "volume": 2418005, "typical_volume": 1531209.3, "trend": 46.213926, "fair_value": 45.560228, "relative_strength": -3.663874, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.530159, "energy": 57.148671, "activity_lines": [ 46.444937, 46.431771, 46.375972, 46.307049 ] }, { "date": "2023-10-13", "close": 46.537583, "volume": 2317869, "typical_volume": 1578824.9, "trend": 46.23323, "fair_value": 45.56801, "relative_strength": -3.574017, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.396897, "energy": 62.119997, "activity_lines": [ 46.473146, 46.454774, 46.397911, 46.32793 ] }, { "date": "2023-10-20", "close": 46.528357, "volume": 1535983, "typical_volume": 1579322.7, "trend": 46.252528, "fair_value": 45.575676, "relative_strength": -1.02852, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.636619, "energy": 60.902274, "activity_lines": [ 46.494298, 46.472419, 46.416355, 46.346971 ] }, { "date": "2023-10-27", "close": 46.583715, "volume": 1822970, "typical_volume": 1584353.05, "trend": 46.271255, "fair_value": 45.583748, "relative_strength": 1.705621, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.793639, "energy": 66.915436, "activity_lines": [ 46.529924, 46.496783, 46.438057, 46.368338 ] }, { "date": "2023-11-03", "close": 46.66369, "volume": 3201934, "typical_volume": 1686904.6, "trend": 46.291735, "fair_value": 45.592224, "relative_strength": -3.50261, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.14856, "energy": 62.742319, "activity_lines": [ 46.583924, 46.531836, 46.465273, 46.393656 ] }, { "date": "2023-11-10", "close": 46.700703, "volume": 2081003, "typical_volume": 1730312.2, "trend": 46.31345, "fair_value": 45.60087, "relative_strength": -4.565473, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.865457, "energy": 64.854426, "activity_lines": [ 46.633581, 46.568146, 46.493703, 46.420041 ] }, { "date": "2023-11-17", "close": 46.793234, "volume": 2221521, "typical_volume": 1768441.1, "trend": 46.340065, "fair_value": 45.610062, "relative_strength": -6.33141, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.876001, "energy": 75.339125, "activity_lines": [ 46.697056, 46.616391, 46.528459, 46.450995 ] }, { "date": "2023-11-24", "close": 46.848753, "volume": 1356017, "typical_volume": 1789290.7, "trend": 46.366109, "fair_value": 45.61961, "relative_strength": -6.957786, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.998089, "energy": 81.462179, "activity_lines": [ 46.761994, 46.668997, 46.565792, 46.483814 ] }, { "date": "2023-12-01", "close": 46.977178, "volume": 2176648, "typical_volume": 1793567.5, "trend": 46.39574, "fair_value": 45.629857, "relative_strength": -7.292617, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.093049, "energy": 93.806242, "activity_lines": [ 46.84838, 46.738043, 46.612448, 46.523237 ] }, { "date": "2023-12-08", "close": 47.023571, "volume": 2178887, "typical_volume": 1848110.3, "trend": 46.427222, "fair_value": 45.640401, "relative_strength": -7.173166, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.941913, "energy": 93.490192, "activity_lines": [ 46.924, 46.80611, 46.660263, 46.563743 ] }, { "date": "2023-12-15", "close": 47.097799, "volume": 2003961, "typical_volume": 1886163.5, "trend": 46.463301, "fair_value": 45.651307, "relative_strength": -8.883402, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.143704, "energy": 93.005471, "activity_lines": [ 47.00037, 46.876581, 46.711929, 46.607006 ] }, { "date": "2023-12-22", "close": 47.162748, "volume": 2449570, "typical_volume": 1923113.9, "trend": 46.502456, "fair_value": 45.662515, "relative_strength": -9.255002, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.431589, "energy": 92.842746, "activity_lines": [ 47.071917, 46.946997, 46.766166, 46.652131 ] }, { "date": "2023-12-29", "close": 47.207901, "volume": 1805207, "typical_volume": 1917373.45, "trend": 46.539203, "fair_value": 45.674024, "relative_strength": -9.139813, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.981347, "energy": 90.921537, "activity_lines": [ 47.133881, 47.014256, 46.820762, 46.697644 ] }, { "date": "2024-01-05", "close": 47.198598, "volume": 1346998, "typical_volume": 1872371.4, "trend": 46.574423, "fair_value": 45.685474, "relative_strength": -7.421793, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.926164, "energy": 85.287918, "activity_lines": [ 47.1688, 47.067469, 46.87036, 46.740186 ] }, { "date": "2024-01-12", "close": 47.207901, "volume": 1478838, "typical_volume": 1865841.55, "trend": 46.608737, "fair_value": 45.696984, "relative_strength": -8.826068, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.417684, "energy": 81.059413, "activity_lines": [ 47.19206, 47.111193, 46.916907, 46.781055 ] }, { "date": "2024-01-19", "close": 47.17999, "volume": 1392698, "typical_volume": 1860637.05, "trend": 46.64212, "fair_value": 45.708229, "relative_strength": -9.654224, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.534667, "energy": 66.508848, "activity_lines": [ 47.193727, 47.139948, 46.956771, 46.81791 ] }, { "date": "2024-01-26", "close": 47.226509, "volume": 1852360, "typical_volume": 1908393.0, "trend": 46.675533, "fair_value": 45.719687, "relative_strength": -10.208248, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.825871, "energy": 66.416571, "activity_lines": [ 47.20542, 47.168447, 46.997503, 46.855613 ] }, { "date": "2024-02-02", "close": 47.263211, "volume": 1496688, "typical_volume": 1921072.3, "trend": 46.709709, "fair_value": 45.731333, "relative_strength": -11.129034, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.485991, "energy": 68.589566, "activity_lines": [ 47.225097, 47.19574, 47.038165, 46.893527 ] }, { "date": "2024-02-09", "close": 47.28187, "volume": 2284390, "typical_volume": 1957077.75, "trend": 46.742677, "fair_value": 45.743049, "relative_strength": -12.001577, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.739557, "energy": 67.98388, "activity_lines": [ 47.247307, 47.218891, 47.076821, 46.930441 ] }, { "date": "2024-02-16", "close": 47.328517, "volume": 1868634, "typical_volume": 1964509.05, "trend": 46.77537, "fair_value": 45.755122, "relative_strength": -11.311376, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.870922, "energy": 71.366845, "activity_lines": [ 47.279514, 47.244983, 47.116003, 46.968237 ] }, { "date": "2024-02-23", "close": 47.365835, "volume": 1359892, "typical_volume": 1911603.4, "trend": 46.809611, "fair_value": 45.767633, "relative_strength": -12.323374, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.221204, "energy": 78.749602, "activity_lines": [ 47.316119, 47.272316, 47.154382, 47.006332 ] }, { "date": "2024-03-01", "close": 47.398582, "volume": 1401182, "typical_volume": 1865769.05, "trend": 46.845059, "fair_value": 45.780122, "relative_strength": -12.762578, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.166408, "energy": 74.84378, "activity_lines": [ 47.35125, 47.30073, 47.191496, 47.04433 ] }, { "date": "2024-03-08", "close": 47.445363, "volume": 1446236, "typical_volume": 1861281.7, "trend": 46.88176, "fair_value": 45.793024, "relative_strength": -12.037997, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.946677, "energy": 79.365967, "activity_lines": [ 47.390503, 47.333361, 47.228965, 47.083059 ] }, { "date": "2024-03-15", "close": 47.445363, "volume": 1061056, "typical_volume": 1823186.0, "trend": 46.917543, "fair_value": 45.806041, "relative_strength": -11.560986, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.377254, "energy": 81.712049, "activity_lines": [ 47.417613, 47.361675, 47.262068, 47.11942 ] }, { "date": "2024-03-22", "close": 47.464075, "volume": 1261044, "typical_volume": 1726141.5, "trend": 46.954257, "fair_value": 45.819064, "relative_strength": -13.032934, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.622762, "energy": 80.28496, "activity_lines": [ 47.440061, 47.388904, 47.29285, 47.154681 ] }, { "date": "2024-03-29", "close": 47.473431, "volume": 1164995, "typical_volume": 1680341.1, "trend": 46.988975, "fair_value": 45.832085, "relative_strength": -12.952708, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.900879, "energy": 69.953514, "activity_lines": [ 47.45659, 47.413176, 47.320711, 47.188176 ] }, { "date": "2024-04-05", "close": 47.449918, "volume": 1820273, "typical_volume": 1660278.7, "trend": 47.021377, "fair_value": 45.844841, "relative_strength": -11.848851, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.295642, "energy": 66.087026, "activity_lines": [ 47.458109, 47.427839, 47.342654, 47.217914 ] }, { "date": "2024-04-12", "close": 47.482755, "volume": 1903111, "typical_volume": 1687633.4, "trend": 47.05518, "fair_value": 45.857693, "relative_strength": -10.140705, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.205802, "energy": 66.506151, "activity_lines": [ 47.46715, 47.444409, 47.364597, 47.24768 ] }, { "date": "2024-04-19", "close": 47.524974, "volume": 1427883, "typical_volume": 1650195.15, "trend": 47.090697, "fair_value": 45.870844, "relative_strength": -6.912737, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.63905, "energy": 67.836266, "activity_lines": [ 47.487772, 47.464664, 47.387541, 47.27799 ] }, { "date": "2024-04-26", "close": 47.529665, "volume": 1512154, "typical_volume": 1616858.5, "trend": 47.127904, "fair_value": 45.884054, "relative_strength": -8.982928, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.842755, "energy": 61.044472, "activity_lines": [ 47.50465, 47.481352, 47.408324, 47.30631 ] }, { "date": "2024-05-03", "close": 47.623586, "volume": 1445122, "typical_volume": 1588916.55, "trend": 47.167179, "fair_value": 45.89784, "relative_strength": -8.999857, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.631505, "energy": 71.375158, "activity_lines": [ 47.548463, 47.51146, 47.435642, 47.33829 ] }, { "date": "2024-05-10", "close": 47.684756, "volume": 1591199, "typical_volume": 1545998.0, "trend": 47.205418, "fair_value": 45.912103, "relative_strength": -10.181891, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.420062, "energy": 73.238416, "activity_lines": [ 47.602655, 47.548002, 47.466282, 47.371682 ] }, { "date": "2024-05-17", "close": 47.710448, "volume": 1285084, "typical_volume": 1519991.85, "trend": 47.244821, "fair_value": 45.926388, "relative_strength": -11.236387, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.048033, "energy": 88.487717, "activity_lines": [ 47.649755, 47.584013, 47.496882, 47.404264 ] }, { "date": "2024-05-24", "close": 47.703578, "volume": 1203740, "typical_volume": 1512828.95, "trend": 47.28215, "fair_value": 45.940572, "relative_strength": -10.89331, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.413143, "energy": 90.33318, "activity_lines": [ 47.679386, 47.613955, 47.524436, 47.433861 ] }, { "date": "2024-05-31", "close": 47.703578, "volume": 1043011, "typical_volume": 1491037.6, "trend": 47.316813, "fair_value": 45.954692, "relative_strength": -10.22158, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.302815, "energy": 85.433117, "activity_lines": [ 47.69711, 47.639202, 47.549584, 47.46105 ] }, { "date": "2024-06-07", "close": 47.783187, "volume": 1881812, "typical_volume": 1515493.3, "trend": 47.352896, "fair_value": 45.969322, "relative_strength": -10.859607, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.646463, "energy": 84.28967, "activity_lines": [ 47.729776, 47.674569, 47.579955, 47.491139 ] }, { "date": "2024-06-14", "close": 47.830376, "volume": 1442316, "typical_volume": 1494991.1, "trend": 47.387467, "fair_value": 45.984312, "relative_strength": -11.90793, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.669991, "energy": 76.107556, "activity_lines": [ 47.767531, 47.712884, 47.611947, 47.521944 ] }, { "date": "2024-06-21", "close": 47.877564, "volume": 1546199, "typical_volume": 1497466.65, "trend": 47.421761, "fair_value": 45.999604, "relative_strength": -12.044308, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.060366, "energy": 76.693051, "activity_lines": [ 47.811308, 47.752861, 47.645557, 47.553563 ] }, { "date": "2024-06-28", "close": 47.891721, "volume": 1483881, "typical_volume": 1457441.2, "trend": 47.452246, "fair_value": 46.015025, "relative_strength": -11.669922, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.006673, "energy": 79.142694, "activity_lines": [ 47.848663, 47.788234, 47.67759, 47.583883 ] }, { "date": "2024-07-05", "close": 47.953704, "volume": 1376352, "typical_volume": 1432827.1, "trend": 47.48325, "fair_value": 46.030672, "relative_strength": -12.873155, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.354355, "energy": 83.202674, "activity_lines": [ 47.894136, 47.828208, 47.712623, 47.616235 ] }, { "date": "2024-07-12", "close": 48.01522, "volume": 1636560, "typical_volume": 1446660.5, "trend": 47.513831, "fair_value": 46.046771, "relative_strength": -13.279835, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.943252, "energy": 87.524923, "activity_lines": [ 47.943439, 47.871657, 47.750537, 47.650556 ] }, { "date": "2024-07-19", "close": 48.086199, "volume": 1445772, "typical_volume": 1448890.0, "trend": 47.544612, "fair_value": 46.063211, "relative_strength": -11.128867, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.274698, "energy": 91.739457, "activity_lines": [ 48.000933, 47.920891, 47.792118, 47.687483 ] }, { "date": "2024-07-26", "close": 48.124055, "volume": 1396192, "typical_volume": 1446387.8, "trend": 47.575151, "fair_value": 46.079806, "relative_strength": -10.062033, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.593543, "energy": 96.128899, "activity_lines": [ 48.053991, 47.969709, 47.834031, 47.724866 ] }, { "date": "2024-08-02", "close": 48.211355, "volume": 1805055, "typical_volume": 1483587.75, "trend": 47.60891, "fair_value": 46.097005, "relative_strength": -7.682357, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.098009, "energy": 97.464128, "activity_lines": [ 48.119716, 48.026879, 47.881026, 47.765912 ] }, { "date": "2024-08-09", "close": 48.220844, "volume": 3135508, "typical_volume": 1577310.95, "trend": 47.642674, "fair_value": 46.114322, "relative_strength": -7.40754, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.648947, "energy": 94.81605, "activity_lines": [ 48.167295, 48.076542, 47.925277, 47.805392 ] }, { "date": "2024-08-16", "close": 48.239823, "volume": 1996646, "typical_volume": 1618893.5, "trend": 47.678002, "fair_value": 46.131703, "relative_strength": -10.569414, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.10745, "energy": 93.047682, "activity_lines": [ 48.203391, 48.120251, 47.967732, 47.843917 ] }, { "date": "2024-08-23", "close": 48.329973, "volume": 3368949, "typical_volume": 1696327.3, "trend": 47.714784, "fair_value": 46.149663, "relative_strength": -11.282598, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.444958, "energy": 81.688365, "activity_lines": [ 48.254564, 48.172049, 48.015123, 47.88598 ] }, { "date": "2024-08-30", "close": 48.339463, "volume": 3020206, "typical_volume": 1752182.05, "trend": 47.750659, "fair_value": 46.167732, "relative_strength": -11.18135, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.10886, "energy": 73.844387, "activity_lines": [ 48.292648, 48.216489, 48.059228, 47.926282 ] }, { "date": "2024-09-06", "close": 48.410856, "volume": 2577826, "typical_volume": 1809679.2, "trend": 47.788292, "fair_value": 46.186288, "relative_strength": -6.911057, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.403155, "energy": 75.715785, "activity_lines": [ 48.340169, 48.26551, 48.106052, 47.968875 ] }, { "date": "2024-09-13", "close": 48.40134, "volume": 2716973, "typical_volume": 1869920.15, "trend": 47.824053, "fair_value": 46.204669, "relative_strength": -10.159544, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.687887, "energy": 71.733271, "activity_lines": [ 48.371219, 48.303363, 48.147751, 48.008427 ] }, { "date": "2024-09-20", "close": 48.458439, "volume": 2832795, "typical_volume": 1939303.8, "trend": 47.860473, "fair_value": 46.223359, "relative_strength": -10.883679, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.400836, "energy": 73.326458, "activity_lines": [ 48.409268, 48.343459, 48.190737, 48.049355 ] }, { "date": "2024-09-27", "close": 48.486989, "volume": 1773867, "typical_volume": 1948437.2, "trend": 47.896753, "fair_value": 46.242355, "relative_strength": -10.882266, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.160231, "energy": 72.796679, "activity_lines": [ 48.44226, 48.380687, 48.232467, 48.089775 ] }, { "date": "2024-10-04", "close": 48.488418, "volume": 2412764, "typical_volume": 2004821.2, "trend": 47.931522, "fair_value": 46.261418, "relative_strength": -10.663933, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.898903, "energy": 70.756206, "activity_lines": [ 48.46526, 48.410888, 48.270513, 48.127947 ] }, { "date": "2024-10-11", "close": 48.488418, "volume": 2158126, "typical_volume": 2052540.5, "trend": 47.96629, "fair_value": 46.280424, "relative_strength": -11.21891, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.341099, "energy": 69.329397, "activity_lines": [ 48.47833, 48.434464, 48.304855, 48.163876 ] }, { "date": "2024-10-18", "close": 48.497961, "volume": 1701566, "typical_volume": 2085468.25, "trend": 48.000753, "fair_value": 46.299491, "relative_strength": -11.438212, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.889115, "energy": 68.870208, "activity_lines": [ 48.48941, 48.454737, 48.336368, 48.198177 ] }, { "date": "2024-10-25", "close": 48.488418, "volume": 1899433, "typical_volume": 2086349.3, "trend": 48.034586, "fair_value": 46.318582, "relative_strength": -10.030146, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.339735, "energy": 66.016318, "activity_lines": [ 48.490868, 48.468237, 48.363189, 48.229639 ] }, { "date": "2024-11-01", "close": 48.493257, "volume": 2753827, "typical_volume": 2151924.85, "trend": 48.069364, "fair_value": 46.337696, "relative_strength": -8.308122, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.078658, "energy": 64.724989, "activity_lines": [ 48.49194, 48.478097, 48.387113, 48.259231 ] }, { "date": "2024-11-08", "close": 48.579373, "volume": 1956738, "typical_volume": 2172451.8, "trend": 48.105918, "fair_value": 46.357304, "relative_strength": -11.834334, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.565809, "energy": 69.663253, "activity_lines": [ 48.521299, 48.500646, 48.416081, 48.292135 ] }, { "date": "2024-11-15", "close": 48.627216, "volume": 1931876, "typical_volume": 2194851.55, "trend": 48.142659, "fair_value": 46.377563, "relative_strength": -9.45368, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.948151, "energy": 70.566412, "activity_lines": [ 48.560543, 48.527531, 48.446265, 48.325767 ] }, { "date": "2024-11-22", "close": 48.646353, "volume": 2012159, "typical_volume": 2226641.9, "trend": 48.179882, "fair_value": 46.397886, "relative_strength": -10.478199, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.448234, "energy": 70.922449, "activity_lines": [ 48.596912, 48.553962, 48.474768, 48.358263 ] }, { "date": "2024-11-29", "close": 48.703764, "volume": 1748323, "typical_volume": 2232230.05, "trend": 48.215888, "fair_value": 46.418512, "relative_strength": -10.990481, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.369646, "energy": 76.350944, "activity_lines": [ 48.642526, 48.586377, 48.505441, 48.392062 ] }, { "date": "2024-12-06", "close": 48.757709, "volume": 2650639, "typical_volume": 2292473.4, "trend": 48.251653, "fair_value": 46.439256, "relative_strength": -11.224099, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.936655, "energy": 74.335439, "activity_lines": [ 48.691764, 48.624139, 48.537973, 48.427018 ] }, { "date": "2024-12-13", "close": 48.728926, "volume": 1595637, "typical_volume": 2302445.65, "trend": 48.285603, "fair_value": 46.459643, "relative_strength": -10.353872, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.523054, "energy": 82.117126, "activity_lines": [ 48.713779, 48.651746, 48.564566, 48.45781 ] }, { "date": "2024-12-20", "close": 48.719332, "volume": 3338206, "typical_volume": 2379103.2, "trend": 48.319461, "fair_value": 46.480026, "relative_strength": -8.334966, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.573984, "energy": 66.897941, "activity_lines": [ 48.722625, 48.673235, 48.587364, 48.485793 ] }, { "date": "2024-12-27", "close": 48.719332, "volume": 2997378, "typical_volume": 2372196.7, "trend": 48.353319, "fair_value": 46.500332, "relative_strength": -8.563636, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.537948, "energy": 64.989495, "activity_lines": [ 48.72533, 48.690526, 48.607744, 48.511591 ] }, { "date": "2025-01-03", "close": 48.779175, "volume": 2469909, "typical_volume": 2395859.85, "trend": 48.386519, "fair_value": 46.521307, "relative_strength": -7.585963, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.10649, "energy": 66.413077, "activity_lines": [ 48.743117, 48.714673, 48.63145, 48.539065 ] }, { "date": "2025-01-10", "close": 48.817644, "volume": 2090454, "typical_volume": 2331935.1, "trend": 48.419428, "fair_value": 46.542872, "relative_strength": -5.356405, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.222406, "energy": 67.478934, "activity_lines": [ 48.7687, 48.740528, 48.656251, 48.56688 ] }, { "date": "2025-01-17", "close": 48.865731, "volume": 2708227, "typical_volume": 2316336.15, "trend": 48.452367, "fair_value": 46.565031, "relative_strength": -7.627124, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.264836, "energy": 68.853872, "activity_lines": [ 48.806317, 48.769227, 48.683309, 48.595674 ] }, { "date": "2025-01-24", "close": 48.909009, "volume": 2251894, "typical_volume": 2300039.55, "trend": 48.486277, "fair_value": 46.588268, "relative_strength": -8.774798, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.478159, "energy": 74.072219, "activity_lines": [ 48.849239, 48.800589, 48.711983, 48.625134 ] }, { "date": "2025-01-31", "close": 48.952287, "volume": 2417841, "typical_volume": 2285082.95, "trend": 48.519563, "fair_value": 46.611269, "relative_strength": -7.448348, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.624226, "energy": 83.860267, "activity_lines": [ 48.893942, 48.834696, 48.742406, 48.6552 ] }, { "date": "2025-02-07", "close": 48.981974, "volume": 2998189, "typical_volume": 2293352.65, "trend": 48.551788, "fair_value": 46.63486, "relative_strength": -6.945007, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.296143, "energy": 90.395311, "activity_lines": [ 48.93301, 48.868639, 48.773034, 48.685033 ] }, { "date": "2025-02-14", "close": 48.986794, "volume": 2541057, "typical_volume": 2331712.15, "trend": 48.581808, "fair_value": 46.658654, "relative_strength": -7.98348, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.269897, "energy": 89.927454, "activity_lines": [ 48.960165, 48.898399, 48.801627, 48.713097 ] }, { "date": "2025-02-21", "close": 49.030175, "volume": 2183254, "typical_volume": 2320236.65, "trend": 48.612012, "fair_value": 46.682555, "relative_strength": -6.140406, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.708126, "energy": 89.518567, "activity_lines": [ 48.990504, 48.931882, 48.831972, 48.742024 ] }, { "date": "2025-02-28", "close": 49.083196, "volume": 2290335, "typical_volume": 2326847.1, "trend": 48.641073, "fair_value": 46.706762, "relative_strength": -4.896998, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.561842, "energy": 90.416851, "activity_lines": [ 49.027553, 48.969527, 48.864786, 48.772423 ] }, { "date": "2025-03-07", "close": 49.105079, "volume": 3419941, "typical_volume": 2412765.85, "trend": 48.670547, "fair_value": 46.731282, "relative_strength": -1.64976, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.916427, "energy": 92.35882, "activity_lines": [ 49.060284, 49.004536, 48.896853, 48.802359 ] }, { "date": "2025-03-14", "close": 49.105079, "volume": 3018709, "typical_volume": 2468729.65, "trend": 48.699389, "fair_value": 46.755859, "relative_strength": 0.791218, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.888889, "energy": 71.988139, "activity_lines": [ 49.08283, 49.032531, 48.926028, 48.830394 ] }, { "date": "2025-03-21", "close": 49.124408, "volume": 2230633, "typical_volume": 2442569.95, "trend": 48.725871, "fair_value": 46.78096, "relative_strength": 0.433965, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.039927, "energy": 69.708631, "activity_lines": [ 49.103611, 49.058115, 48.954108, 48.857814 ] }, { "date": "2025-03-28", "close": 49.114744, "volume": 2452284, "typical_volume": 2467347.25, "trend": 48.751713, "fair_value": 46.806102, "relative_strength": 1.99737, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.932134, "energy": 66.011543, "activity_lines": [ 49.111996, 49.076364, 48.978262, 48.882903 ] }, { "date": "2025-04-04", "close": 49.19616, "volume": 3260198, "typical_volume": 2533763.35, "trend": 48.77789, "fair_value": 46.832425, "relative_strength": 12.236698, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.82697, "energy": 68.799716, "activity_lines": [ 49.141882, 49.104889, 49.00762, 48.911577 ] }, { "date": "2025-04-11", "close": 48.949089, "volume": 5642927, "typical_volume": 2715301.75, "trend": 48.796148, "fair_value": 46.857479, "relative_strength": 5.736317, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.852649, "energy": 40.62197, "activity_lines": [ 49.081881, 49.083271, 49.010739, 48.922622 ] }, { "date": "2025-04-18", "close": 49.055669, "volume": 2485803, "typical_volume": 2752175.75, "trend": 48.816056, "fair_value": 46.883045, "relative_strength": 7.577977, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.979885, "energy": 32.927757, "activity_lines": [ 49.067805, 49.081089, 49.022566, 48.939365 ] }, { "date": "2025-04-25", "close": 49.171937, "volume": 3652278, "typical_volume": 2802257.7, "trend": 48.838888, "fair_value": 46.909069, "relative_strength": 3.211714, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.728653, "energy": 36.541286, "activity_lines": [ 49.095779, 49.098706, 49.043791, 48.962325 ] }, { "date": "2025-05-02", "close": 49.22605, "volume": 3654511, "typical_volume": 2905201.4, "trend": 48.863475, "fair_value": 46.935392, "relative_strength": 0.553458, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.868859, "energy": 41.06314, "activity_lines": [ 49.138623, 49.122797, 49.068197, 48.987303 ] }, { "date": "2025-05-09", "close": 49.294055, "volume": 3111843, "typical_volume": 2893883.25, "trend": 48.89033, "fair_value": 46.962608, "relative_strength": 1.245149, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.446214, "energy": 52.691384, "activity_lines": [ 49.196714, 49.15569, 49.096713, 49.015083 ] }, { "date": "2025-05-16", "close": 49.313485, "volume": 3185587, "typical_volume": 2903293.7, "trend": 48.917514, "fair_value": 46.989549, "relative_strength": -3.627203, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.450372, "energy": 69.947018, "activity_lines": [ 49.254756, 49.188282, 49.124342, 49.042383 ] }, { "date": "2025-05-23", "close": 49.34263, "volume": 3052177, "typical_volume": 2932407.1, "trend": 48.945988, "fair_value": 47.015932, "relative_strength": -0.923885, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.334283, "energy": 75.091761, "activity_lines": [ 49.298219, 49.222385, 49.151917, 49.06981 ] }, { "date": "2025-05-30", "close": 49.410636, "volume": 2229321, "typical_volume": 2939350.45, "trend": 48.976567, "fair_value": 47.042693, "relative_strength": -2.348101, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.459001, "energy": 78.805725, "activity_lines": [ 49.345221, 49.264532, 49.183286, 49.099787 ] }, { "date": "2025-06-06", "close": 49.446315, "volume": 3443690, "typical_volume": 2976123.6, "trend": 49.005465, "fair_value": 47.069397, "relative_strength": -3.693395, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.851219, "energy": 78.615687, "activity_lines": [ 49.388202, 49.307963, 49.21523, 49.130094 ] }, { "date": "2025-06-13", "close": 49.485268, "volume": 4648372, "typical_volume": 3095947.5, "trend": 49.034067, "fair_value": 47.096866, "relative_strength": -3.134003, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.944387, "energy": 81.763167, "activity_lines": [ 49.429484, 49.352448, 49.248118, 49.161049 ] }, { "date": "2025-06-20", "close": 49.509614, "volume": 3106432, "typical_volume": 3130377.05, "trend": 49.062842, "fair_value": 47.124376, "relative_strength": -2.806084, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.871077, "energy": 84.031555, "activity_lines": [ 49.466133, 49.396103, 49.280581, 49.191729 ] }, { "date": "2025-06-27", "close": 49.577782, "volume": 3473836, "typical_volume": 3154159.4, "trend": 49.091976, "fair_value": 47.151878, "relative_strength": -5.758528, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.849545, "energy": 89.349792, "activity_lines": [ 49.512429, 49.44196, 49.316883, 49.224951 ] }, { "date": "2025-07-04", "close": 49.620871, "volume": 2683268, "typical_volume": 3161269.95, "trend": 49.120748, "fair_value": 47.179455, "relative_strength": -7.078913, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.999334, "energy": 91.398007, "activity_lines": [ 49.557412, 49.486159, 49.354451, 49.259073 ] }, { "date": "2025-07-11", "close": 49.679444, "volume": 3851561, "typical_volume": 3244685.3, "trend": 49.152432, "fair_value": 47.207837, "relative_strength": -6.562291, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.764599, "energy": 95.228178, "activity_lines": [ 49.607903, 49.532845, 49.394578, 49.295118 ] }, { "date": "2025-07-18", "close": 49.703849, "volume": 3569488, "typical_volume": 3308642.95, "trend": 49.185249, "fair_value": 47.236376, "relative_strength": -6.907221, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.944125, "energy": 94.438436, "activity_lines": [ 49.650987, 49.575725, 49.433937, 49.330693 ] }, { "date": "2025-07-25", "close": 49.738017, "volume": 3013900, "typical_volume": 3288340.9, "trend": 49.219206, "fair_value": 47.264503, "relative_strength": -7.997732, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.202024, "energy": 94.672673, "activity_lines": [ 49.690889, 49.617366, 49.473595, 49.366356 ] }, { "date": "2025-08-01", "close": 49.800026, "volume": 2753779, "typical_volume": 3275094.4, "trend": 49.253234, "fair_value": 47.29307, "relative_strength": -5.357741, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.555915, "energy": 96.229048, "activity_lines": [ 49.736234, 49.662563, 49.516145, 49.403828 ] }, { "date": "2025-08-08", "close": 49.853837, "volume": 3955804, "typical_volume": 3361352.95, "trend": 49.287774, "fair_value": 47.321924, "relative_strength": -7.272895, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.472158, "energy": 96.440209, "activity_lines": [ 49.784699, 49.709228, 49.56051, 49.442577 ] }, { "date": "2025-08-15", "close": 49.883189, "volume": 2676673, "typical_volume": 3372572.4, "trend": 49.321689, "fair_value": 47.351827, "relative_strength": -7.898839, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.743113, "energy": 95.255535, "activity_lines": [ 49.827417, 49.753171, 49.604197, 49.480991 ] }, { "date": "2025-08-22", "close": 49.897865, "volume": 3423566, "typical_volume": 3380740.8, "trend": 49.354651, "fair_value": 47.381939, "relative_strength": -7.934251, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.615793, "energy": 89.094574, "activity_lines": [ 49.861444, 49.791839, 49.645622, 49.518163 ] }, { "date": "2025-08-29", "close": 49.956568, "volume": 4029227, "typical_volume": 3300055.8, "trend": 49.388127, "fair_value": 47.412522, "relative_strength": -7.590391, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.557593, "energy": 84.932343, "activity_lines": [ 49.902104, 49.833679, 49.689297, 49.556997 ] }, { "date": "2025-09-05", "close": 50.029374, "volume": 7164969, "typical_volume": 3534014.1, "trend": 49.42304, "fair_value": 47.443456, "relative_strength": -7.484238, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.631291, "energy": 80.43049, "activity_lines": [ 49.952463, 49.880629, 49.735109, 49.598367 ] }, { "date": "2025-09-12", "close": 50.063698, "volume": 3709073, "typical_volume": 3536853.85, "trend": 49.458937, "fair_value": 47.474783, "relative_strength": -8.620767, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.184298, "energy": 76.088128, "activity_lines": [ 49.998974, 49.92561, 49.779552, 49.6397 ] }, { "date": "2025-09-19", "close": 50.058794, "volume": 4067612, "typical_volume": 3557508.9, "trend": 49.493224, "fair_value": 47.50648, "relative_strength": -9.518005, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.758832, "energy": 72.782229, "activity_lines": [ 50.029859, 49.961648, 49.819282, 49.678401 ] }, { "date": "2025-09-26", "close": 50.044084, "volume": 3547677, "typical_volume": 3579300.6, "trend": 49.525254, "fair_value": 47.538256, "relative_strength": -9.072467, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.570941, "energy": 68.808182, "activity_lines": [ 50.044134, 49.988114, 49.853646, 49.71394 ] }, { "date": "2025-10-03", "close": 50.055112, "volume": 4870493, "typical_volume": 3663545.9, "trend": 49.556922, "fair_value": 47.570096, "relative_strength": -9.830464, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.439895, "energy": 68.866765, "activity_lines": [ 50.052337, 50.010399, 49.885488, 49.748124 ] }, { "date": "2025-10-10", "close": 50.060028, "volume": 5931556, "typical_volume": 3807514.85, "trend": 49.588753, "fair_value": 47.601593, "relative_strength": -7.413823, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.853281, "energy": 68.555233, "activity_lines": [ 50.055608, 50.027812, 49.914267, 49.780583 ] }, { "date": "2025-10-17", "close": 50.094433, "volume": 6494869, "typical_volume": 4020792.25, "trend": 49.621087, "fair_value": 47.633398, "relative_strength": -8.75421, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.146641, "energy": 70.511156, "activity_lines": [ 50.068305, 50.046753, 49.942907, 49.813207 ] }, { "date": "2025-10-24", "close": 50.094433, "volume": 2678362, "typical_volume": 3982525.85, "trend": 49.653744, "fair_value": 47.664799, "relative_strength": -10.26158, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.248639, "energy": 68.688265, "activity_lines": [ 50.078953, 50.06132, 49.96829, 49.843746 ] }, { "date": "2025-10-31", "close": 50.005962, "volume": 3821237, "typical_volume": 3941169.1, "trend": 49.680737, "fair_value": 47.69553, "relative_strength": -10.788854, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.729318, "energy": 62.747996, "activity_lines": [ 50.057734, 50.055961, 49.982161, 49.866469 ] }, { "date": "2025-11-07", "close": 50.137681, "volume": 4208737, "typical_volume": 3996284.35, "trend": 49.720357, "fair_value": 47.726298, "relative_strength": -8.916265, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.152498, "energy": 69.130097, "activity_lines": [ 50.082963, 50.072585, 50.006098, 49.89595 ] }, { "date": "2025-11-14", "close": 50.162309, "volume": 5530107, "typical_volume": 4099097.9, "trend": 49.757245, "fair_value": 47.756964, "relative_strength": -8.80145, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.396651, "energy": 69.018625, "activity_lines": [ 50.110897, 50.090394, 50.029389, 49.924463 ] }, { "date": "2025-11-21", "close": 50.201714, "volume": 4613739, "typical_volume": 4195621.45, "trend": 49.791571, "fair_value": 47.787451, "relative_strength": -6.800894, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.440854, "energy": 69.129783, "activity_lines": [ 50.145147, 50.11295, 50.053649, 49.953138 ] }, { "date": "2025-11-28", "close": 50.221416, "volume": 2031947, "typical_volume": 4104640.75, "trend": 49.82475, "fair_value": 47.817617, "relative_strength": -9.911437, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.653093, "energy": 70.858579, "activity_lines": [ 50.178812, 50.13658, 50.07702, 49.98087 ] }, { "date": "2025-12-05", "close": 50.247353, "volume": 4388738, "typical_volume": 4145603.25, "trend": 49.856526, "fair_value": 47.847834, "relative_strength": -9.99942, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.159853, "energy": 77.528542, "activity_lines": [ 50.212658, 50.161968, 50.100281, 50.008135 ] }, { "date": "2025-12-12", "close": 50.276974, "volume": 6231723, "typical_volume": 4306494.4, "trend": 49.888643, "fair_value": 47.878355, "relative_strength": -9.258374, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.104602, "energy": 78.836398, "activity_lines": [ 50.240284, 50.189046, 50.123774, 50.035261 ] }, { "date": "2025-12-19", "close": 50.365837, "volume": 13097834, "typical_volume": 4823697.15, "trend": 49.922749, "fair_value": 47.909389, "relative_strength": -9.006345, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.714311, "energy": 88.467688, "activity_lines": [ 50.288246, 50.228247, 50.153164, 50.066047 ] }, { "date": "2025-12-26", "close": 50.375711, "volume": 5696334, "typical_volume": 4910723.65, "trend": 49.954919, "fair_value": 47.940107, "relative_strength": -10.060247, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.880208, "energy": 84.28636, "activity_lines": [ 50.32593, 50.263684, 50.1808, 50.095271 ] }, { "date": "2026-01-02", "close": 50.392594, "volume": 3638141, "typical_volume": 4958797.05, "trend": 49.986461, "fair_value": 47.970674, "relative_strength": -8.882348, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.109809, "energy": 77.54973, "activity_lines": [ 50.357642, 50.297076, 50.207559, 50.123508 ] }, { "date": "2026-01-09", "close": 50.481644, "volume": 7461913, "typical_volume": 5160714.4, "trend": 50.019674, "fair_value": 48.001464, "relative_strength": -9.890471, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.240534, "energy": 82.732508, "activity_lines": [ 50.407625, 50.341237, 50.240373, 50.155455 ] }, { "date": "2026-01-16", "close": 50.501433, "volume": 30627580, "typical_volume": 6490632.05, "trend": 50.052734, "fair_value": 48.032035, "relative_strength": -9.331178, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.248804, "energy": 75.960053, "activity_lines": [ 50.448585, 50.380348, 50.272291, 50.186536 ] }, { "date": "2026-01-23", "close": 50.541011, "volume": 5109237, "typical_volume": 6387845.45, "trend": 50.084842, "fair_value": 48.062743, "relative_strength": -8.764624, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.096259, "energy": 74.485343, "activity_lines": [ 50.487775, 50.420041, 50.305385, 50.218038 ] }, { "date": "2026-01-30", "close": 50.590484, "volume": 5919299, "typical_volume": 6498356.75, "trend": 50.117162, "fair_value": 48.093597, "relative_strength": -8.836655, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.892783, "energy": 89.794403, "activity_lines": [ 50.531776, 50.461844, 50.340754, 50.25066 ] }, { "date": "2026-02-06", "close": 50.627196, "volume": 5641934, "typical_volume": 6577072.85, "trend": 50.148754, "fair_value": 48.124743, "relative_strength": -8.390515, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.846254, "energy": 93.088115, "activity_lines": [ 50.573697, 50.503253, 50.37711, 50.283565 ] }, { "date": "2026-02-13", "close": 50.686676, "volume": 3355107, "typical_volume": 6567444.35, "trend": 50.181515, "fair_value": 48.156677, "relative_strength": -6.934403, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.63101, "energy": 94.649838, "activity_lines": [ 50.619805, 50.548099, 50.416425, 50.31827 ] }, { "date": "2026-02-20", "close": 50.647023, "volume": 5789215, "typical_volume": 6613380.45, "trend": 50.211815, "fair_value": 48.188357, "relative_strength": -7.83857, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.373943, "energy": 89.449309, "activity_lines": [ 50.639026, 50.577748, 50.448904, 50.348303 ] }, { "date": "2026-02-27", "close": 50.686676, "volume": 3734066, "typical_volume": 6503505.95, "trend": 50.24137, "fair_value": 48.219886, "relative_strength": -7.086784, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.53537, "energy": 86.225877, "activity_lines": [ 50.661758, 50.607878, 50.48234, 50.378939 ] }, { "date": "2026-03-06", "close": 50.692424, "volume": 5377527, "typical_volume": 6447638.85, "trend": 50.269323, "fair_value": 48.250928, "relative_strength": -4.945478, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.480232, "energy": 70.114689, "activity_lines": [ 50.676696, 50.633219, 50.513339, 50.408039 ] }, { "date": "2026-03-13", "close": 50.692424, "volume": 4279090, "typical_volume": 6527675.25, "trend": 50.296298, "fair_value": 48.281274, "relative_strength": -3.222071, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.544427, "energy": 68.293533, "activity_lines": [ 50.684838, 50.652803, 50.541491, 50.435336 ] }, { "date": "2026-03-20", "close": 50.652681, "volume": 5109994, "typical_volume": 6592113.1, "trend": 50.321458, "fair_value": 48.311423, "relative_strength": -1.285693, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.086184, "energy": 65.459429, "activity_lines": [ 50.675383, 50.659708, 50.563011, 50.458328 ] }, { "date": "2026-03-27", "close": 50.632809, "volume": 4743196, "typical_volume": 6618836.05, "trend": 50.344, "fair_value": 48.34098, "relative_strength": 1.163823, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.152635, "energy": 61.461567, "activity_lines": [ 50.661571, 50.659891, 50.579558, 50.478416 ] }, { "date": "2026-04-03", "close": 50.68524, "volume": 5399995, "typical_volume": 6612330.45, "trend": 50.365862, "fair_value": 48.370698, "relative_strength": -1.580084, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.195091, "energy": 56.016312, "activity_lines": [ 50.666183, 50.667218, 50.598741, 50.500431 ] }, { "date": "2026-04-10", "close": 50.68524, "volume": 6817254, "typical_volume": 6722506.2, "trend": 50.38658, "fair_value": 48.400416, "relative_strength": -4.57921, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.374423, "energy": 50.988729, "activity_lines": [ 50.670892, 50.671923, 50.615434, 50.521036 ] }, { "date": "2026-04-17", "close": 50.715108, "volume": 6110077, "typical_volume": 6926412.7, "trend": 50.408457, "fair_value": 48.430674, "relative_strength": -8.131635, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.06829, "energy": 57.656233, "activity_lines": [ 50.686035, 50.680336, 50.632669, 50.542232 ] }, { "date": "2026-04-24", "close": 50.728051, "volume": 3152928, "typical_volume": 6864622.2, "trend": 50.431256, "fair_value": 48.46055, "relative_strength": -8.159474, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.782279, "energy": 60.001998, "activity_lines": [ 50.70398, 50.689503, 50.648785, 50.562851 ] }, { "date": "2026-05-01", "close": 50.659111, "volume": 3688589, "typical_volume": 6737465.5, "trend": 50.451389, "fair_value": 48.489851, "relative_strength": -8.74003, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.203348, "energy": 49.132228, "activity_lines": [ 50.69392, 50.685384, 50.656047, 50.577551 ] }, { "date": "2026-05-08", "close": 50.688986, "volume": 4946976, "typical_volume": 6329922.6, "trend": 50.472354, "fair_value": 48.519401, "relative_strength": -10.34764, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.235151, "energy": 44.557555, "activity_lines": [ 50.692066, 50.686477, 50.664334, 50.59288 ] }, { "date": "2026-05-15", "close": 50.669069, "volume": 5444196, "typical_volume": 6317315.7, "trend": 50.491509, "fair_value": 48.549232, "relative_strength": -10.224043, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.116126, "energy": 32.973605, "activity_lines": [ 50.683322, 50.683906, 50.669186, 50.605571 ] }, { "date": "2026-05-22", "close": 50.669069, "volume": 6554779, "typical_volume": 6463147.6, "trend": 50.510664, "fair_value": 48.579238, "relative_strength": -10.592583, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.587092, "energy": 24.649104, "activity_lines": [ 50.675657, 50.68176, 50.672641, 50.617026 ] }, { "date": "2026-05-29", "close": 50.748737, "volume": 4838669, "typical_volume": 6331985.4, "trend": 50.535423, "fair_value": 48.609003, "relative_strength": -11.337896, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.926681, "energy": 37.519825, "activity_lines": [ 50.697617, 50.694524, 50.682367, 50.632386 ] }, { "date": "2026-06-05", "close": 50.822544, "volume": 6602173, "typical_volume": 5130715.05, "trend": 50.558251, "fair_value": 48.639006, "relative_strength": -8.591578, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 72.239549, "energy": 47.036873, "activity_lines": [ 50.7428, 50.71896, 50.69785, 50.65091 ] }, { "date": "2026-06-12", "close": 50.802586, "volume": 4976636, "typical_volume": 5124085.0, "trend": 50.579594, "fair_value": 48.668648, "relative_strength": -8.787665, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.429076, "energy": 56.741904, "activity_lines": [ 50.770435, 50.736319, 50.709903, 50.666673 ] }, { "date": "2026-06-19", "close": 50.85248, "volume": 3966935, "typical_volume": 5026466.8, "trend": 50.601286, "fair_value": 48.698609, "relative_strength": -9.164463, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.291091, "energy": 75.403125, "activity_lines": [ 50.807128, 50.760615, 50.725462, 50.684279 ] }, { "date": "2026-06-26", "close": 50.869445, "volume": 5563596, "typical_volume": 5022549.9, "trend": 50.622887, "fair_value": 48.728387, "relative_strength": -6.640623, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.619396, "energy": 79.139303, "activity_lines": [ 50.837249, 50.784955, 50.74139, 50.70158 ] }, { "date": "2026-07-03", "close": 50.823784, "volume": 8706882, "typical_volume": 5290138.65, "trend": 50.642102, "fair_value": 48.757784, "relative_strength": -8.419498, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.528304, "energy": 66.960574, "activity_lines": [ 50.83879, 50.798187, 50.751815, 50.714541 ] }, { "date": "2026-07-10", "close": 50.823784, "volume": 4922291, "typical_volume": 5246792.45, "trend": 50.660329, "fair_value": 48.786828, "relative_strength": -9.343815, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.468471, "energy": 56.454876, "activity_lines": [ 50.835329, 50.809679, 50.761587, 50.726262 ] }, { "date": "2026-07-17", "close": 50.803826, "volume": 4744198, "typical_volume": 5297299.05, "trend": 50.674928, "fair_value": 48.815393, "relative_strength": -7.677528, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.265421, "energy": 42.713523, "activity_lines": [ 50.825133, 50.814547, 50.768617, 50.73552 ] }, { "date": "2026-07-24", "close": 50.773889, "volume": 5157828, "typical_volume": 5286314.1, "trend": 50.688201, "fair_value": 48.843824, "relative_strength": -6.940474, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.295279, "energy": 27.07496, "activity_lines": [ 50.804874, 50.811885, 50.772238, 50.741905 ] }, { "date": "2026-07-31", "close": 50.803826, "volume": 5037089, "typical_volume": 5324214.05, "trend": 50.701909, "fair_value": 48.87247, "relative_strength": -7.58286, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.990861, "energy": 23.303265, "activity_lines": [ 50.799834, 50.81276, 50.778322, 50.749364 ] }, { "date": "2026-08-07", "close": 50.89, "volume": 4966268, "typical_volume": 5317027.75, "trend": 50.71552, "fair_value": 48.901608, "relative_strength": -10.254544, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 65.788941, "energy": 36.687327, "activity_lines": [ 50.827894, 50.826853, 50.792083, 50.761499 ] } ], "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." } } }