{ "ticker": { "uuid": "cf4ea931-f1f0-4f2a-8ed6-4603489f9ffb", "symbol": "SKOR", "name": "Leverage Shares 3x Short South Korea ETC", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -52.362, "architecture_energy": 53.649, "architecture_maturity": 100.0, "architecture_confidence": 92.457, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 31.93, "rotation_up": 27.98, "upward_expansion": 22.5, "deceleration": 43.96, "rotation_down": 39.51, "downward_expansion": 67.83 }, "activity_lines": [ 4.740667, 4.495091, 5.910857, 8.757054 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 4.24, "trend_reference": 13.539333, "distance_from_trend": -0.686838, "trend_direction": "Weakening", "fair_value": 350.263069, "distance_from_fair_value": -0.987895, "fair_value_direction": "Weakening", "relative_strength": -92.947137, "relative_strength_direction": "Improving", "price_momentum": -0.841199, "excess_performance": -0.892434, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.686838, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.621658, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.987895, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.007279, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.929471, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.009058, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.841199, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.047289, "read": "Demand-led" } ], "volume": { "latest": 49217, "relative_activity": 0.087059, "balance": 1.047289, "dry_up": 0.135019, "accumulation_observations": 0, "distribution_observations": 0 }, "risk": { "range_context": 0.453193, "annualized_volatility": 1.721844, "from_high_reference": -0.978031, "from_low_reference": 0.376623 }, "levels": { "trend_reference": 13.539333, "fair_value_reference": 350.263069, "structural_low": 3.08, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": -0.193989, "positive_rate": 0.16, "directional_follow_through": 0.76, "median_excess_return": -0.191799, "regime_survival": 0.96, "best_return": 0.302083, "worst_return": -0.477966, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.483882, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.548784, "regime_survival": 0.875, "best_return": 0.053546, "worst_return": -0.71161, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.561309, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.673715, "regime_survival": 0.75, "best_return": 0.424069, "worst_return": -0.909412, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.515207, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.683206, "regime_survival": 0.5, "best_return": -0.049426, "worst_return": -0.980988, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-12-15", "end": "2024-01-12", "tenure": "Developing", "return": 0.054911, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-01-19", "end": "2024-09-13", "tenure": "Extended", "return": -0.317159, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-11-15", "tenure": "Developing", "return": 0.375304, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-22", "end": "2025-01-24", "tenure": "Developing", "return": -0.016486, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-31", "end": "2025-03-14", "tenure": "Developing", "return": -0.140073, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": 0.316388, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": -0.243396, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-05-09", "end": "2026-08-07", "tenure": "Extended", "return": -0.989531, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 675.625, "volume": 60, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 646.5, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 607.375, "volume": 18, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 645.75, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 612.625, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 676.700012, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 742.825012, "volume": 43, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 778.75, "volume": 204, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 772.875, "volume": 52, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 841.174988, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 921.974976, "volume": 574, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 696.849976, "volume": 27, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 700.174988, "volume": 17, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 602.174988, "volume": 552, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 591.625, "volume": 5, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 575.474976, "volume": 6200, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 599.974976, "volume": 133, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 529.950012, "volume": 7265, "typical_volume": 763.5, "trend": 631.624163, "fair_value": 897.801249, "relative_strength": -22.644773, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -29.338875, "energy": 42.888963, "activity_lines": [ 570.766659, 628.489534, 668.234159, 653.318704 ] }, { "date": "2023-12-22", "close": 500.575012, "volume": 992, "typical_volume": 813.1, "trend": 626.69333, "fair_value": 892.897221, "relative_strength": -27.038372, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.491944, "energy": 48.490945, "activity_lines": [ 544.344999, 595.280448, 652.296661, 644.86392 ] }, { "date": "2023-12-29", "close": 460.549988, "volume": 960, "typical_volume": 855.1, "trend": 623.094996, "fair_value": 887.624694, "relative_strength": -32.108408, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.801096, "energy": 54.524538, "activity_lines": [ 511.354997, 559.744993, 632.731898, 634.144995 ] }, { "date": "2024-01-05", "close": 515.049988, "volume": 3, "typical_volume": 852.25, "trend": 622.71583, "fair_value": 883.135842, "relative_strength": -22.904543, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.02181, "energy": 51.651167, "activity_lines": [ 505.269995, 541.039084, 619.024635, 627.174349 ] }, { "date": "2024-01-12", "close": 559.049988, "volume": 100, "typical_volume": 857.25, "trend": 623.884162, "fair_value": 879.277677, "relative_strength": -15.249275, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.019901, "energy": 50.134651, "activity_lines": [ 517.879993, 537.731811, 610.272492, 623.066875 ] }, { "date": "2024-01-19", "close": 635.799988, "volume": 107, "typical_volume": 861.7, "trend": 624.748329, "fair_value": 876.413234, "relative_strength": -1.430709, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.714451, "energy": 25.650276, "activity_lines": [ 558.801656, 550.884537, 609.246301, 623.835638 ] }, { "date": "2024-01-26", "close": 606.75, "volume": 889, "typical_volume": 906.15, "trend": 624.548329, "fair_value": 873.277615, "relative_strength": -8.053325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.887876, "energy": 19.433493, "activity_lines": [ 582.983325, 559.925902, 605.318087, 622.674456 ] }, { "date": "2024-02-02", "close": 527.474976, "volume": 885, "typical_volume": 950.4, "trend": 621.843328, "fair_value": 869.302872, "relative_strength": -19.597273, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.577276, "energy": 23.69518, "activity_lines": [ 573.661654, 554.470445, 594.025586, 616.411659 ] }, { "date": "2024-02-09", "close": 504.600006, "volume": 0, "typical_volume": 950.4, "trend": 622.595828, "fair_value": 865.158521, "relative_strength": -22.241504, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.489181, "energy": 25.290073, "activity_lines": [ 552.253327, 546.022266, 580.959992, 608.847574 ] }, { "date": "2024-02-16", "close": 481.075012, "volume": 0, "typical_volume": 948.25, "trend": 621.316662, "fair_value": 860.842976, "relative_strength": -26.627036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.126105, "energy": 63.086005, "activity_lines": [ 523.7, 534.585451, 566.473446, 599.717198 ] }, { "date": "2024-02-23", "close": 464.975006, "volume": 40, "typical_volume": 940.05, "trend": 620.475828, "fair_value": 856.444443, "relative_strength": -28.238696, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.791478, "energy": 76.239755, "activity_lines": [ 494.978337, 522.38318, 551.699995, 589.63064 ] }, { "date": "2024-03-01", "close": 468.850006, "volume": 1, "typical_volume": 937.5, "trend": 618.125829, "fair_value": 852.185163, "relative_strength": -26.667511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.161649, "energy": 77.162178, "activity_lines": [ 478.936672, 512.066818, 538.789758, 579.848329 ] }, { "date": "2024-03-08", "close": 423.924988, "volume": 70, "typical_volume": 941.0, "trend": 612.235829, "fair_value": 847.530161, "relative_strength": -32.670477, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.455649, "energy": 82.748043, "activity_lines": [ 457.113334, 494.159089, 523.048686, 567.319242 ] }, { "date": "2024-03-15", "close": 444.024994, "volume": 20, "typical_volume": 913.3, "trend": 604.515829, "fair_value": 843.191396, "relative_strength": -29.189778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.745239, "energy": 79.188417, "activity_lines": [ 448.893331, 480.571816, 511.208805, 556.46693 ] }, { "date": "2024-03-22", "close": 420.674988, "volume": 34, "typical_volume": 913.65, "trend": 596.988328, "fair_value": 838.696541, "relative_strength": -33.798973, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.856855, "energy": 78.741908, "activity_lines": [ 436.928327, 464.030451, 499.421067, 544.606231 ] }, { "date": "2024-03-29", "close": 418.549988, "volume": 0, "typical_volume": 912.8, "trend": 590.694161, "fair_value": 834.273945, "relative_strength": -33.664894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.771135, "energy": 77.984353, "activity_lines": [ 428.281657, 449.618631, 488.746066, 533.09408 ] }, { "date": "2024-04-05", "close": 442.924988, "volume": 4, "typical_volume": 885.4, "trend": 583.933327, "fair_value": 830.197394, "relative_strength": -28.707129, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.73738, "energy": 61.682855, "activity_lines": [ 430.854989, 443.58863, 481.733566, 523.560585 ] }, { "date": "2024-04-12", "close": 516.224976, "volume": 66, "typical_volume": 888.45, "trend": 580.719993, "fair_value": 826.960565, "relative_strength": -17.449796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.987021, "energy": 39.600134, "activity_lines": [ 459.589984, 453.864535, 482.46035, 519.192304 ] }, { "date": "2024-04-19", "close": 540.525024, "volume": 12116, "typical_volume": 1184.25, "trend": 576.180827, "fair_value": 824.037753, "relative_strength": -12.056938, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.492569, "energy": 19.599048, "activity_lines": [ 490.271663, 468.763177, 485.860472, 516.59908 ] }, { "date": "2024-04-26", "close": 500.0, "volume": 2, "typical_volume": 1177.7, "trend": 568.08666, "fair_value": 820.764644, "relative_strength": -20.508293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.896949, "energy": 26.663614, "activity_lines": [ 501.011666, 475.64045, 485.567496, 511.684188 ] }, { "date": "2024-05-03", "close": 455.975006, "volume": 0, "typical_volume": 814.45, "trend": 557.327493, "fair_value": 817.116748, "relative_strength": -27.567526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.096403, "energy": 29.427583, "activity_lines": [ 491.788336, 474.169089, 481.557735, 504.451178 ] }, { "date": "2024-05-10", "close": 455.725006, "volume": 1, "typical_volume": 764.9, "trend": 546.755827, "fair_value": 813.538612, "relative_strength": -28.667954, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.746998, "energy": 21.505378, "activity_lines": [ 479.986672, 472.815909, 477.876426, 497.896179 ] }, { "date": "2024-05-17", "close": 437.924988, "volume": 0, "typical_volume": 716.9, "trend": 533.31416, "fair_value": 809.856126, "relative_strength": -30.759084, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.392305, "energy": 38.576531, "activity_lines": [ 461.398334, 468.464998, 472.713449, 490.874835 ] }, { "date": "2024-05-24", "close": 466.325012, "volume": 0, "typical_volume": 716.75, "trend": 518.125828, "fair_value": 806.520872, "relative_strength": -24.800767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.09758, "energy": 37.415693, "activity_lines": [ 457.496669, 469.023183, 470.362975, 486.552954 ] }, { "date": "2024-05-31", "close": 521.849976, "volume": 36, "typical_volume": 713.55, "trend": 512.292495, "fair_value": 803.783652, "relative_strength": -15.162339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.043972, "energy": 13.973953, "activity_lines": [ 477.049994, 479.271361, 473.532616, 486.793222 ] }, { "date": "2024-06-07", "close": 467.149994, "volume": 1043, "typical_volume": 760.35, "trend": 504.524995, "fair_value": 800.577617, "relative_strength": -23.52232, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.794525, "energy": 17.254516, "activity_lines": [ 476.913326, 477.734542, 471.669877, 483.880802 ] }, { "date": "2024-06-14", "close": 458.649994, "volume": 80, "typical_volume": 719.9, "trend": 499.740829, "fair_value": 797.351885, "relative_strength": -23.763312, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.764016, "energy": 15.490476, "activity_lines": [ 473.198326, 473.768632, 469.80071, 480.921125 ] }, { "date": "2024-06-21", "close": 444.549988, "volume": 150, "typical_volume": 683.15, "trend": 494.838328, "fair_value": 794.054671, "relative_strength": -26.389225, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.934538, "energy": 22.068804, "activity_lines": [ 464.588324, 466.953176, 467.293924, 477.360426 ] }, { "date": "2024-06-28", "close": 419.700012, "volume": 1, "typical_volume": 683.2, "trend": 489.645829, "fair_value": 790.588424, "relative_strength": -29.32222, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.74205, "energy": 47.633171, "activity_lines": [ 447.253331, 456.922724, 462.815354, 472.512792 ] }, { "date": "2024-07-05", "close": 375.200012, "volume": 202, "typical_volume": 693.3, "trend": 482.153331, "fair_value": 786.777521, "relative_strength": -36.482171, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.541797, "energy": 69.733787, "activity_lines": [ 418.193337, 440.998181, 454.502974, 465.129191 ] }, { "date": "2024-07-12", "close": 364.149994, "volume": 80, "typical_volume": 695.3, "trend": 476.626663, "fair_value": 782.935453, "relative_strength": -38.377977, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.06894, "energy": 79.91013, "activity_lines": [ 395.226668, 425.333635, 445.642379, 457.516073 ] }, { "date": "2024-07-19", "close": 424.399994, "volume": 288, "typical_volume": 709.65, "trend": 474.087496, "fair_value": 779.705403, "relative_strength": -27.017868, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.961684, "energy": 73.849233, "activity_lines": [ 399.21, 422.29318, 442.999998, 454.14661 ] }, { "date": "2024-07-26", "close": 437.950012, "volume": 309, "typical_volume": 721.6, "trend": 473.334163, "fair_value": 776.654016, "relative_strength": -25.65172, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.080288, "energy": 63.161357, "activity_lines": [ 409.993337, 422.28591, 441.859761, 451.81516 ] }, { "date": "2024-08-02", "close": 462.725006, "volume": 603, "typical_volume": 750.75, "trend": 471.589997, "fair_value": 773.875883, "relative_strength": -20.061371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.863421, "energy": 21.690381, "activity_lines": [ 429.475004, 426.782729, 443.012262, 451.130698 ] }, { "date": "2024-08-09", "close": 491.75, "volume": 164, "typical_volume": 757.25, "trend": 469.346664, "fair_value": 771.401095, "relative_strength": -14.52297, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -7.307363, "energy": 16.103442, "activity_lines": [ 455.763336, 436.622275, 446.84, 452.431343 ] }, { "date": "2024-08-16", "close": 418.799988, "volume": 3987, "typical_volume": 956.6, "trend": 462.113331, "fair_value": 768.334998, "relative_strength": -27.615653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.609985, "energy": 22.16857, "activity_lines": [ 449.964998, 433.745455, 443.381666, 449.170267 ] }, { "date": "2024-08-23", "close": 369.075012, "volume": 89, "typical_volume": 960.85, "trend": 454.190832, "fair_value": 764.893102, "relative_strength": -35.556249, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.676049, "energy": 22.021615, "activity_lines": [ 423.948336, 422.70682, 435.186429, 443.167795 ] }, { "date": "2024-08-30", "close": 403.975006, "volume": 892, "typical_volume": 1002.15, "trend": 450.074166, "fair_value": 761.808332, "relative_strength": -29.217346, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.521267, "energy": 29.718152, "activity_lines": [ 413.253337, 419.642276, 430.666668, 439.928064 ] }, { "date": "2024-09-06", "close": 489.799988, "volume": 0, "typical_volume": 396.35, "trend": 449.580832, "fair_value": 759.503176, "relative_strength": -11.4712, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -13.360819, "energy": 13.131867, "activity_lines": [ 433.431665, 432.92, 434.855238, 442.491021 ] }, { "date": "2024-09-13", "close": 434.149994, "volume": 407, "typical_volume": 416.6, "trend": 448.016665, "fair_value": 756.769116, "relative_strength": -21.798764, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.749315, "energy": 16.991081, "activity_lines": [ 433.254997, 434.804999, 433.985356, 441.495483 ] }, { "date": "2024-09-20", "close": 442.375, "volume": 292, "typical_volume": 431.2, "trend": 447.263331, "fair_value": 754.149165, "relative_strength": -19.104415, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.637042, "energy": 10.889775, "activity_lines": [ 439.659998, 437.113635, 434.21238, 441.131504 ] }, { "date": "2024-09-27", "close": 357.299988, "volume": 35, "typical_volume": 432.9, "trend": 443.544997, "fair_value": 750.86942, "relative_strength": -34.335308, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -61.73157, "energy": 25.013518, "activity_lines": [ 416.134994, 422.531815, 426.401784, 435.327418 ] }, { "date": "2024-10-04", "close": 441.450012, "volume": 4090, "typical_volume": 637.4, "trend": 444.129165, "fair_value": 748.333195, "relative_strength": -17.244989, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -36.7582, "energy": 21.589397, "activity_lines": [ 421.444999, 424.469999, 427.074166, 435.192257 ] }, { "date": "2024-10-11", "close": 421.950012, "volume": 10, "typical_volume": 637.9, "trend": 443.393332, "fair_value": 745.679673, "relative_strength": -19.426188, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -38.825495, "energy": 26.394889, "activity_lines": [ 417.756671, 422.799092, 425.87262, 433.761344 ] }, { "date": "2024-10-18", "close": 447.125, "volume": 157, "typical_volume": 643.95, "trend": 444.274999, "fair_value": 743.271974, "relative_strength": -14.121842, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.410223, "energy": 13.949259, "activity_lines": [ 426.983337, 426.446819, 427.280001, 434.002097 ] }, { "date": "2024-10-25", "close": 470.075012, "volume": 113, "typical_volume": 597.45, "trend": 445.9925, "fair_value": 741.086398, "relative_strength": -6.510553, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.442061, "energy": 8.089739, "activity_lines": [ 442.995007, 435.07864, 431.228931, 435.666614 ] }, { "date": "2024-11-01", "close": 496.225006, "volume": 317, "typical_volume": 609.3, "trend": 447.769167, "fair_value": 739.143054, "relative_strength": 0.610063, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.54552, "energy": 33.990332, "activity_lines": [ 465.876674, 447.532731, 437.654407, 438.907421 ] }, { "date": "2024-11-08", "close": 516.174988, "volume": 25, "typical_volume": 603.05, "trend": 447.767501, "fair_value": 737.3874, "relative_strength": 7.078168, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.814938, "energy": 55.414034, "activity_lines": [ 486.146667, 461.302274, 445.800954, 443.3207 ] }, { "date": "2024-11-15", "close": 608.400024, "volume": 277, "typical_volume": 616.85, "trend": 450.030001, "fair_value": 736.379686, "relative_strength": 26.542922, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 88.726037, "energy": 84.408342, "activity_lines": [ 532.176674, 489.800006, 462.389765, 453.684088 ] }, { "date": "2024-11-22", "close": 564.125, "volume": 693, "typical_volume": 641.4, "trend": 452.167501, "fair_value": 735.044378, "relative_strength": 14.912692, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.728709, "energy": 81.609183, "activity_lines": [ 551.018339, 508.091369, 473.863336, 461.045056 ] }, { "date": "2024-11-29", "close": 573.875, "volume": 327, "typical_volume": 653.75, "trend": 456.097501, "fair_value": 733.804614, "relative_strength": 16.814873, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.956314, "energy": 81.466922, "activity_lines": [ 565.310004, 525.792277, 485.365836, 468.897153 ] }, { "date": "2024-12-06", "close": 639.299988, "volume": 266645, "typical_volume": 13971.6, "trend": 462.216667, "fair_value": 733.083205, "relative_strength": 29.903129, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.209348, "energy": 86.588127, "activity_lines": [ 594.489998, 552.997729, 502.100597, 480.716668 ] }, { "date": "2024-12-13", "close": 615.299988, "volume": 15752, "typical_volume": 14743.75, "trend": 468.129167, "fair_value": 732.190908, "relative_strength": 24.981736, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.213015, "energy": 73.204908, "activity_lines": [ 606.131661, 570.712271, 515.52631, 490.593011 ] }, { "date": "2024-12-20", "close": 690.174988, "volume": 19933, "typical_volume": 15710.25, "trend": 475.590833, "fair_value": 731.874998, "relative_strength": 42.988025, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.845594, "energy": 71.401918, "activity_lines": [ 636.123324, 598.879542, 535.238451, 504.918548 ] }, { "date": "2024-12-27", "close": 726.325012, "volume": 2295, "typical_volume": 15816.8, "trend": 482.406667, "fair_value": 731.833581, "relative_strength": 47.865403, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.263093, "energy": 84.301652, "activity_lines": [ 672.71333, 628.742726, 557.310357, 521.094947 ] }, { "date": "2025-01-03", "close": 684.424988, "volume": 869, "typical_volume": 15660.9, "trend": 489.649167, "fair_value": 731.482406, "relative_strength": 37.366345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.595125, "energy": 75.887606, "activity_lines": [ 684.523328, 645.91136, 574.274761, 534.128387 ] }, { "date": "2025-01-10", "close": 655.799988, "volume": 4716, "typical_volume": 15892.25, "trend": 496.220833, "fair_value": 730.925917, "relative_strength": 30.973078, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.203041, "energy": 58.946151, "activity_lines": [ 679.421659, 653.978176, 587.248093, 544.847795 ] }, { "date": "2025-01-17", "close": 604.375, "volume": 1106, "typical_volume": 15902.95, "trend": 501.548334, "fair_value": 730.002188, "relative_strength": 17.586724, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.064737, "energy": 46.795793, "activity_lines": [ 656.078329, 649.793631, 593.95845, 551.825483 ] }, { "date": "2025-01-24", "close": 554.825012, "volume": 637, "typical_volume": 15934.8, "trend": 506.0525, "fair_value": 728.732788, "relative_strength": 8.47249, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.562044, "energy": 24.217996, "activity_lines": [ 616.946667, 634.996361, 594.995475, 555.262688 ] }, { "date": "2025-01-31", "close": 597.724976, "volume": 391, "typical_volume": 15934.0, "trend": 513.469999, "fair_value": 727.790286, "relative_strength": 14.560837, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.897967, "energy": 22.940808, "activity_lines": [ 601.138326, 628.973176, 599.808568, 561.177041 ] }, { "date": "2025-02-07", "close": 608.125, "volume": 556, "typical_volume": 15947.2, "trend": 521.602499, "fair_value": 726.935534, "relative_strength": 16.078122, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.688172, "energy": 21.81343, "activity_lines": [ 597.369995, 624.229995, 604.833211, 567.283815 ] }, { "date": "2025-02-14", "close": 523.75, "volume": 25, "typical_volume": 15946.7, "trend": 524.914166, "fair_value": 725.494502, "relative_strength": -0.317039, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.540953, "energy": 16.134647, "activity_lines": [ 570.56333, 603.523178, 601.032854, 567.422364 ] }, { "date": "2025-02-21", "close": 480.600006, "volume": 1333, "typical_volume": 15808.85, "trend": 526.335833, "fair_value": 723.769893, "relative_strength": -7.614604, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.738155, "energy": 20.412846, "activity_lines": [ 538.176666, 577.071816, 592.330355, 564.563386 ] }, { "date": "2025-02-28", "close": 583.75, "volume": 14906, "typical_volume": 16553.65, "trend": 530.369999, "fair_value": 722.790733, "relative_strength": 10.114906, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.513154, "energy": 15.494859, "activity_lines": [ 548.425, 571.824089, 593.265236, 568.267526 ] }, { "date": "2025-03-07", "close": 543.75, "volume": 1002, "typical_volume": 16595.9, "trend": 532.103333, "fair_value": 721.547394, "relative_strength": 3.861096, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.788119, "energy": 18.304659, "activity_lines": [ 543.411668, 561.238635, 589.620117, 569.130751 ] }, { "date": "2025-03-14", "close": 514.0, "volume": 88, "typical_volume": 16594.65, "trend": 535.276666, "fair_value": 720.116033, "relative_strength": -1.345549, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.899857, "energy": 35.378252, "activity_lines": [ 532.080001, 548.563636, 582.681546, 567.962794 ] }, { "date": "2025-03-21", "close": 483.899994, "volume": 525, "typical_volume": 16605.05, "trend": 539.104166, "fair_value": 718.498115, "relative_strength": -7.36473, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.811105, "energy": 35.123819, "activity_lines": [ 516.989998, 533.514544, 572.66714, 564.64817 ] }, { "date": "2025-03-28", "close": 536.75, "volume": 0, "typical_volume": 16603.8, "trend": 543.529999, "fair_value": 717.261733, "relative_strength": 2.30426, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.980131, "energy": 29.759652, "activity_lines": [ 522.173332, 531.199999, 567.74476, 564.496289 ] }, { "date": "2025-04-04", "close": 637.0, "volume": 1152, "typical_volume": 16647.55, "trend": 548.436666, "fair_value": 716.719424, "relative_strength": 29.564693, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 21.329207, "energy": 12.182787, "activity_lines": [ 557.029999, 548.342272, 572.272022, 570.526611 ] }, { "date": "2025-04-11", "close": 530.0, "volume": 18301, "typical_volume": 17527.95, "trend": 551.631666, "fair_value": 715.466274, "relative_strength": 8.962, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.944771, "energy": 6.639842, "activity_lines": [ 552.669999, 544.535909, 566.472617, 569.337149 ] }, { "date": "2025-04-18", "close": 482.0, "volume": 3600, "typical_volume": 17691.6, "trend": 552.952499, "fair_value": 713.909832, "relative_strength": -4.328496, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -33.123119, "energy": 15.107127, "activity_lines": [ 533.226666, 533.233636, 556.264284, 564.844784 ] }, { "date": "2025-04-25", "close": 460.0, "volume": 152, "typical_volume": 4366.95, "trend": 556.375833, "fair_value": 712.22831, "relative_strength": -10.01761, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -36.935437, "energy": 23.655622, "activity_lines": [ 508.583333, 520.224545, 544.398213, 558.847848 ] }, { "date": "2025-05-02", "close": 401.0, "volume": 3, "typical_volume": 3579.5, "trend": 555.027499, "fair_value": 710.180755, "relative_strength": -22.995177, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -75.554342, "energy": 70.415856, "activity_lines": [ 465.866667, 497.647272, 527.766904, 548.823601 ] }, { "date": "2025-05-09", "close": 405.0, "volume": 11, "typical_volume": 2583.4, "trend": 554.462499, "fair_value": 708.18611, "relative_strength": -21.68243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.276696, "energy": 78.248463, "activity_lines": [ 433.533333, 477.244545, 512.537023, 539.144407 ] }, { "date": "2025-05-16", "close": 382.0, "volume": 14, "typical_volume": 2469.35, "trend": 552.291666, "fair_value": 706.068018, "relative_strength": -27.047965, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.344099, "energy": 83.597796, "activity_lines": [ 409.0, 455.91, 496.474642, 528.017794 ] }, { "date": "2025-05-23", "close": 370.0, "volume": 4, "typical_volume": 2426.1, "trend": 548.955832, "fair_value": 703.899837, "relative_strength": -29.303165, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.759658, "energy": 84.507142, "activity_lines": [ 390.333333, 435.334545, 480.909047, 516.257042 ] }, { "date": "2025-05-30", "close": 334.0, "volume": 145, "typical_volume": 2197.55, "trend": 543.548332, "fair_value": 701.528684, "relative_strength": -36.065792, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.021899, "energy": 88.636263, "activity_lines": [ 367.133333, 410.831818, 463.412143, 502.388924 ] }, { "date": "2025-06-06", "close": 263.0, "volume": 1813, "typical_volume": 2232.9, "trend": 535.109165, "fair_value": 697.084774, "relative_strength": -49.591864, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.74391, "energy": 93.146486, "activity_lines": [ 328.666667, 376.145455, 440.685714, 484.289031 ] }, { "date": "2025-06-13", "close": 247.0, "volume": 1839, "typical_volume": 2293.0, "trend": 523.062498, "fair_value": 691.480607, "relative_strength": -52.285175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.145895, "energy": 92.687532, "activity_lines": [ 294.066667, 343.527273, 418.061071, 465.701343 ] }, { "date": "2025-06-20", "close": 227.0, "volume": 3532, "typical_volume": 2450.05, "trend": 511.824998, "fair_value": 685.639261, "relative_strength": -55.357022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.552168, "energy": 92.511713, "activity_lines": [ 263.333333, 314.363636, 394.9975, 446.600537 ] }, { "date": "2025-06-27", "close": 197.0, "volume": 1952, "typical_volume": 2519.85, "trend": 499.262498, "fair_value": 678.687338, "relative_strength": -60.987837, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.934208, "energy": 92.913796, "activity_lines": [ 232.933333, 285.254545, 370.842143, 426.289247 ] }, { "date": "2025-07-04", "close": 202.0, "volume": 2064, "typical_volume": 2621.8, "trend": 484.685832, "fair_value": 672.410095, "relative_strength": -59.798827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.619935, "energy": 90.471363, "activity_lines": [ 215.733333, 262.236364, 349.120714, 407.111021 ] }, { "date": "2025-07-11", "close": 184.0, "volume": 332, "typical_volume": 2571.75, "trend": 470.309165, "fair_value": 665.261056, "relative_strength": -63.575614, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.801881, "energy": 93.153259, "activity_lines": [ 201.333333, 240.636364, 327.217143, 387.711935 ] }, { "date": "2025-07-18", "close": 184.5, "volume": 3290, "typical_volume": 1990.95, "trend": 453.453333, "fair_value": 659.110415, "relative_strength": -63.289939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.445899, "energy": 91.25494, "activity_lines": [ 192.366667, 223.072727, 306.773571, 369.272634 ] }, { "date": "2025-07-25", "close": 181.0, "volume": 1272, "typical_volume": 2004.45, "trend": 435.275832, "fair_value": 653.440543, "relative_strength": -64.084644, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.860644, "energy": 90.569081, "activity_lines": [ 186.4, 208.881818, 287.897857, 351.695 ] }, { "date": "2025-08-01", "close": 202.0, "volume": 2878, "typical_volume": 2143.95, "trend": 419.194999, "fair_value": 648.102402, "relative_strength": -59.201719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.399818, "energy": 88.166419, "activity_lines": [ 190.5, 202.163636, 272.749524, 336.644946 ] }, { "date": "2025-08-08", "close": 176.5, "volume": 1435, "typical_volume": 2189.45, "trend": 403.218333, "fair_value": 643.051922, "relative_strength": -63.940005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.996692, "energy": 70.12435, "activity_lines": [ 185.766667, 193.863636, 256.658333, 320.987204 ] }, { "date": "2025-08-15", "close": 173.0, "volume": 436, "typical_volume": 2211.25, "trend": 388.839166, "fair_value": 636.867627, "relative_strength": -64.422179, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.549366, "energy": 69.534739, "activity_lines": [ 181.566667, 187.790909, 241.697619, 306.134408 ] }, { "date": "2025-08-22", "close": 171.0, "volume": 2191, "typical_volume": 2263.2, "trend": 376.044999, "fair_value": 630.51987, "relative_strength": -65.195262, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.829562, "energy": 68.411672, "activity_lines": [ 177.433333, 182.990909, 228.278571, 292.080269 ] }, { "date": "2025-08-29", "close": 182.0, "volume": 127, "typical_volume": 1354.5, "trend": 362.1875, "fair_value": 623.51346, "relative_strength": -62.021905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.41112, "energy": 66.398913, "activity_lines": [ 177.866667, 181.572727, 218.12619, 279.561237 ] }, { "date": "2025-09-05", "close": 172.5, "volume": 1914, "typical_volume": 1270.2, "trend": 347.666667, "fair_value": 615.987819, "relative_strength": -63.532958, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.261533, "energy": 67.614266, "activity_lines": [ 175.066667, 179.245455, 208.72619, 267.323333 ] }, { "date": "2025-09-12", "close": 140.0, "volume": 1859, "typical_volume": 1355.55, "trend": 334.875, "fair_value": 607.627242, "relative_strength": -70.226168, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.799385, "energy": 74.061048, "activity_lines": [ 163.4, 171.454545, 197.704762, 253.925484 ] }, { "date": "2025-09-19", "close": 133.5, "volume": 1000, "typical_volume": 1405.4, "trend": 323.305, "fair_value": 596.704165, "relative_strength": -70.970585, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.428776, "energy": 77.459342, "activity_lines": [ 152.0, 163.609091, 187.588095, 240.933548 ] }, { "date": "2025-09-26", "close": 139.5, "volume": 3316, "typical_volume": 1570.65, "trend": 308.496666, "fair_value": 584.042306, "relative_strength": -69.560876, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.644025, "energy": 76.454284, "activity_lines": [ 145.233333, 157.772727, 179.316667, 229.075161 ] }, { "date": "2025-10-03", "close": 113.0, "volume": 2906, "typical_volume": 1715.25, "trend": 294.138333, "fair_value": 572.904486, "relative_strength": -75.484182, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.559879, "energy": 74.809669, "activity_lines": [ 131.733333, 147.936364, 169.785714, 216.462473 ] }, { "date": "2025-10-10", "close": 121.0, "volume": 844, "typical_volume": 1757.25, "trend": 281.038333, "fair_value": 561.356409, "relative_strength": -73.164013, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.100503, "energy": 76.253541, "activity_lines": [ 125.5, 140.790909, 162.297619, 205.292258 ] }, { "date": "2025-10-17", "close": 96.75, "volume": 12907, "typical_volume": 2395.35, "trend": 268.133333, "fair_value": 550.141665, "relative_strength": -77.993237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.675448, "energy": 75.090833, "activity_lines": [ 114.616667, 130.709091, 153.685714, 193.402688 ] }, { "date": "2025-10-24", "close": 111.283997, "volume": 2431, "typical_volume": 2426.25, "trend": 253.951133, "fair_value": 540.622652, "relative_strength": -74.985789, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.706311, "energy": 68.562045, "activity_lines": [ 111.461332, 124.719818, 147.587762, 183.283376 ] }, { "date": "2025-10-31", "close": 72.5, "volume": 26082, "typical_volume": 3638.4, "trend": 235.134467, "fair_value": 531.838998, "relative_strength": -83.456715, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.350276, "energy": 76.192097, "activity_lines": [ 96.859066, 112.801018, 138.518552, 171.576851 ] }, { "date": "2025-11-07", "close": 85.0, "volume": 214419, "typical_volume": 14182.75, "trend": 220.301133, "fair_value": 526.318165, "relative_strength": -80.066015, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.192998, "energy": 70.888172, "activity_lines": [ 90.890133, 104.945854, 131.470771, 161.890757 ] }, { "date": "2025-11-14", "close": 73.25, "volume": 80732, "typical_volume": 18121.75, "trend": 206.676133, "fair_value": 520.175537, "relative_strength": -82.325544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.029798, "energy": 72.03416, "activity_lines": [ 82.8712, 96.717963, 123.980133, 152.403587 ] }, { "date": "2025-11-21", "close": 91.5, "volume": 85338, "typical_volume": 22285.45, "trend": 194.3928, "fair_value": 514.347011, "relative_strength": -76.945853, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.849649, "energy": 67.36361, "activity_lines": [ 84.118933, 93.6128, 118.816876, 144.972869 ] }, { "date": "2025-11-28", "close": 82.0, "volume": 13058, "typical_volume": 22921.75, "trend": 183.759467, "fair_value": 508.937556, "relative_strength": -79.137304, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.604073, "energy": 65.634842, "activity_lines": [ 82.55, 89.662182, 113.275047, 137.72172 ] }, { "date": "2025-12-05", "close": 72.5, "volume": 25841, "typical_volume": 24049.3, "trend": 172.676133, "fair_value": 503.366242, "relative_strength": -80.818724, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.668884, "energy": 67.311699, "activity_lines": [ 79.766667, 84.920654, 107.314171, 130.54369 ] }, { "date": "2025-12-12", "close": 74.5, "volume": 156967, "typical_volume": 31834.05, "trend": 162.426133, "fair_value": 497.13387, "relative_strength": -79.586038, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.206598, "energy": 64.908296, "activity_lines": [ 77.65, 81.760945, 102.077105, 124.209746 ] }, { "date": "2025-12-19", "close": 73.75, "volume": 83294, "typical_volume": 35854.85, "trend": 152.551133, "fair_value": 491.269287, "relative_strength": -79.48602, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.132417, "energy": 64.807032, "activity_lines": [ 75.983333, 79.164873, 97.275752, 118.488705 ] }, { "date": "2025-12-26", "close": 66.0, "volume": 5560, "typical_volume": 36061.1, "trend": 143.6178, "fair_value": 485.34621, "relative_strength": -80.752018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.213959, "energy": 67.045847, "activity_lines": [ 71.7, 76.0188, 92.347019, 112.904761 ] }, { "date": "2026-01-02", "close": 51.75, "volume": 6349, "typical_volume": 36356.75, "trend": 136.576133, "fair_value": 480.213197, "relative_strength": -84.353983, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.819159, "energy": 79.364378, "activity_lines": [ 64.366667, 70.840909, 86.587333, 106.977806 ] }, { "date": "2026-01-09", "close": 41.799999, "volume": 38011, "typical_volume": 38147.75, "trend": 129.736133, "fair_value": 475.832107, "relative_strength": -87.012412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -86.526879, "energy": 83.072016, "activity_lines": [ 55.733333, 64.936363, 80.457409, 100.863217 ] }, { "date": "2026-01-16", "close": 38.5, "volume": 30700, "typical_volume": 39676.4, "trend": 123.4528, "fair_value": 471.657428, "relative_strength": -87.664933, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.343973, "energy": 91.566659, "activity_lines": [ 48.046666, 58.99, 74.628438, 94.977015 ] }, { "date": "2026-01-23", "close": 32.599998, "volume": 225286, "typical_volume": 50845.0, "trend": 117.9728, "fair_value": 467.874415, "relative_strength": -89.031466, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.800163, "energy": 92.937514, "activity_lines": [ 40.793332, 52.816363, 68.920895, 89.115544 ] }, { "date": "2026-01-30", "close": 26.1, "volume": 314766, "typical_volume": 66490.35, "trend": 112.109466, "fair_value": 463.786915, "relative_strength": -90.890518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.081166, "energy": 94.503337, "activity_lines": [ 34.116666, 46.2, 63.260495, 83.188266 ] }, { "date": "2026-02-06", "close": 26.700001, "volume": 606681, "typical_volume": 96774.4, "trend": 106.866133, "fair_value": 459.406787, "relative_strength": -90.367607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.029487, "energy": 92.089266, "activity_lines": [ 30.3, 40.881818, 58.199619, 77.677978 ] }, { "date": "2026-02-13", "close": 21.1, "volume": 276424, "typical_volume": 110429.8, "trend": 101.419466, "fair_value": 454.543646, "relative_strength": -92.114923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.007793, "energy": 93.466551, "activity_lines": [ 26.286667, 35.550909, 53.113981, 72.144679 ] }, { "date": "2026-02-20", "close": 17.25, "volume": 399593, "typical_volume": 130264.15, "trend": 95.961133, "fair_value": 449.135793, "relative_strength": -93.433078, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.705334, "energy": 94.171488, "activity_lines": [ 22.37, 30.454545, 48.225486, 66.714391 ] }, { "date": "2026-02-27", "close": 13.75, "volume": 1350806, "typical_volume": 197762.25, "trend": 89.686133, "fair_value": 443.84012, "relative_strength": -94.598097, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.933925, "energy": 93.979615, "activity_lines": [ 18.703333, 25.762727, 43.459609, 61.410447 ] }, { "date": "2026-03-06", "close": 22.0, "volume": 2947724, "typical_volume": 344503.1, "trend": 84.536133, "fair_value": 438.594127, "relative_strength": -90.349743, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.541553, "energy": 82.332246, "activity_lines": [ 19.043333, 23.661818, 39.990162, 57.0436 ] }, { "date": "2026-03-13", "close": 21.1, "volume": 1440412, "typical_volume": 416402.15, "trend": 79.4728, "fair_value": 433.455345, "relative_strength": -90.236274, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.979407, "energy": 67.729277, "activity_lines": [ 19.356667, 22.197273, 36.790952, 52.950946 ] }, { "date": "2026-03-20", "close": 18.299999, "volume": 3117297, "typical_volume": 570962.9, "trend": 74.3828, "fair_value": 428.525377, "relative_strength": -90.783742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.176198, "energy": 67.80645, "activity_lines": [ 19.11, 20.780909, 33.754524, 49.004314 ] }, { "date": "2026-03-27", "close": 20.5, "volume": 2578780, "typical_volume": 689180.95, "trend": 68.999466, "fair_value": 424.090281, "relative_strength": -89.099072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.271145, "energy": 64.008908, "activity_lines": [ 19.783333, 20.191818, 31.185714, 45.528004 ] }, { "date": "2026-04-03", "close": 19.15, "volume": 3445994, "typical_volume": 857444.05, "trend": 63.8878, "fair_value": 419.34605, "relative_strength": -89.443279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.820462, "energy": 60.953869, "activity_lines": [ 19.79, 19.684545, 28.795476, 42.311909 ] }, { "date": "2026-04-10", "close": 12.05, "volume": 3916264, "typical_volume": 1048990.35, "trend": 59.6228, "fair_value": 415.326338, "relative_strength": -92.949947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.013729, "energy": 69.833473, "activity_lines": [ 17.07, 18.130909, 25.986667, 38.967535 ] }, { "date": "2026-04-17", "close": 16.15, "volume": 582821, "typical_volume": 1077478.5, "trend": 55.711133, "fair_value": 410.981947, "relative_strength": -89.929217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.451283, "energy": 63.175273, "activity_lines": [ 16.38, 17.578182, 23.946667, 36.162839 ] }, { "date": "2026-04-24", "close": 15.35, "volume": 3087, "typical_volume": 1076340.8, "trend": 51.5728, "fair_value": 406.492204, "relative_strength": -89.44383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.395998, "energy": 64.165437, "activity_lines": [ 15.753333, 17.071818, 22.144047, 33.558894 ] }, { "date": "2026-05-01", "close": 12.8, "volume": 4501, "typical_volume": 1068717.5, "trend": 48.2328, "fair_value": 402.172813, "relative_strength": -90.598515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.949584, "energy": 66.289749, "activity_lines": [ 14.473333, 16.206364, 20.370714, 31.057424 ] }, { "date": "2026-05-08", "close": 7.7, "volume": 19766, "typical_volume": 1065541.1, "trend": 44.456133, "fair_value": 397.230184, "relative_strength": -93.852887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.605872, "energy": 69.388955, "activity_lines": [ 12.006667, 14.494545, 18.405476, 28.442404 ] }, { "date": "2026-05-15", "close": 8.2, "volume": 50923, "typical_volume": 1067809.25, "trend": 41.504466, "fair_value": 393.041563, "relative_strength": -92.951339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.07128, "energy": 68.162776, "activity_lines": [ 10.47, 12.983636, 16.802381, 26.103299 ] }, { "date": "2026-05-22", "close": 7.35, "volume": 50198, "typical_volume": 1070001.7, "trend": 38.04, "fair_value": 388.931627, "relative_strength": -93.379827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.903797, "energy": 67.900953, "activity_lines": [ 8.906667, 11.569091, 15.393571, 23.899785 ] }, { "date": "2026-05-29", "close": 4.88, "volume": 82738, "typical_volume": 1072238.05, "trend": 35.786, "fair_value": 385.318678, "relative_strength": -95.257158, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.889694, "energy": 70.901081, "activity_lines": [ 7.106667, 9.955455, 13.960952, 21.76043 ] }, { "date": "2026-06-05", "close": 6.2, "volume": 45895, "typical_volume": 1072997.8, "trend": 33.159333, "fair_value": 381.983902, "relative_strength": -93.586461, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.415591, "energy": 70.069402, "activity_lines": [ 6.444667, 8.825818, 12.829857, 19.851656 ] }, { "date": "2026-06-12", "close": 4.17, "volume": 13415, "typical_volume": 1062404.25, "trend": 30.856667, "fair_value": 378.651659, "relative_strength": -95.472146, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.986731, "energy": 72.532103, "activity_lines": [ 5.546, 7.587091, 11.659238, 17.981376 ] }, { "date": "2026-06-19", "close": 3.12, "volume": 7434, "typical_volume": 1047037.65, "trend": 27.910667, "fair_value": 374.762204, "relative_strength": -96.374098, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.840619, "energy": 76.485715, "activity_lines": [ 4.532667, 6.429818, 10.524, 16.191914 ] }, { "date": "2026-06-26", "close": 3.58, "volume": 12595, "typical_volume": 1017333.35, "trend": 25.296667, "fair_value": 370.857268, "relative_strength": -95.67599, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.906754, "energy": 74.064695, "activity_lines": [ 4.011333, 5.518545, 9.542, 14.622193 ] }, { "date": "2026-07-03", "close": 3.84, "volume": 25234, "typical_volume": 1004773.85, "trend": 23.008, "fair_value": 366.980441, "relative_strength": -95.170593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.237966, "energy": 71.75578, "activity_lines": [ 3.828, 4.883091, 8.694857, 13.237892 ] }, { "date": "2026-07-10", "close": 4.12, "volume": 161582, "typical_volume": 992873.3, "trend": 20.662, "fair_value": 363.916947, "relative_strength": -94.438811, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.760144, "energy": 70.443141, "activity_lines": [ 3.807333, 4.507818, 7.956571, 12.019312 ] }, { "date": "2026-07-17", "close": 5.35, "volume": 90161, "typical_volume": 929841.05, "trend": 18.382, "fair_value": 360.621434, "relative_strength": -92.436314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.676198, "energy": 81.489639, "activity_lines": [ 4.335333, 4.514, 7.397952, 11.031441 ] }, { "date": "2026-07-24", "close": 5.03, "volume": 61268, "typical_volume": 785518.25, "trend": 16.349667, "fair_value": 357.51137, "relative_strength": -92.563364, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.951147, "energy": 62.906464, "activity_lines": [ 4.678, 4.504727, 6.848857, 10.170021 ] }, { "date": "2026-07-31", "close": 5.0, "volume": 104673, "typical_volume": 718731.3, "trend": 14.791333, "fair_value": 354.08605, "relative_strength": -92.176472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.521889, "energy": 53.488769, "activity_lines": [ 4.883333, 4.547636, 6.377714, 9.437785 ] }, { "date": "2026-08-07", "close": 4.24, "volume": 49217, "typical_volume": 565327.3, "trend": 13.539333, "fair_value": 350.263069, "relative_strength": -92.947137, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.361893, "energy": 53.648613, "activity_lines": [ 4.740667, 4.495091, 5.910857, 8.757054 ] } ], "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." } } }