{ "ticker": { "uuid": "d15edcba-e509-4432-b018-74824591f86b", "symbol": "PJFG", "name": "PGIM ETF TRUST JENNISON FOCUSED GROWTH 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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 51.285, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 69.831, "architecture_energy": 38.024, "architecture_maturity": 43.366, "architecture_confidence": 66.894, "architecture_tenure": "Developing", "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": 33.92, "rotation_up": 42.83, "upward_expansion": 71.09, "deceleration": 88.72, "rotation_down": 26.67, "downward_expansion": 9.09 }, "activity_lines": [ 115.829553, 115.358595, 114.719603, 112.233222 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 119.6258, "trend_reference": 109.63748, "distance_from_trend": 0.091103, "trend_direction": "Improving", "fair_value": 93.356679, "distance_from_fair_value": 0.281384, "fair_value_direction": "Weakening", "relative_strength": -2.839431, "relative_strength_direction": "Improving", "price_momentum": 0.14697, "excess_performance": 0.021346, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091103, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.012618, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.281384, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.013465, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.028394, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.007133, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.14697, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.378492, "read": "Supply-led" } ], "volume": { "latest": 10558, "relative_activity": 0.61602, "balance": 0.378492, "dry_up": 1.498114, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.035723, "annualized_volatility": 0.210018, "from_high_reference": -0.027433, "from_low_reference": 0.277166 }, "levels": { "trend_reference": 109.63748, "fair_value_reference": 93.356679, "structural_low": 93.665, "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": 5, "median_return": 0.009784, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.013169, "regime_survival": 0.6, "best_return": 0.079896, "worst_return": -0.01065, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.00786, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.012524, "regime_survival": 0.0, "best_return": 0.140086, "worst_return": -0.155807, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.190024, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.055633, "regime_survival": 0.0, "best_return": 0.190024, "worst_return": 0.190024, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": 0.266814, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.056479, "regime_survival": 0.0, "best_return": 0.266814, "worst_return": 0.266814, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2025-01-10", "tenure": "Established", "return": 0.037133, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.015797, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": -0.048404, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.018047, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.130271, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-23", "tenure": "Developing", "return": 0.143611, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-11", "tenure": "Developing", "return": 0.062546, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2026-01-16", "tenure": "Extended", "return": 0.052033, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-02-13", "tenure": "New", "return": -0.058213, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-20", "end": "2026-02-27", "tenure": "New", "return": -0.007535, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-06", "end": "2026-05-01", "tenure": "Developing", "return": 0.078929, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-06-05", "tenure": "Developing", "return": -0.003964, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-12", "end": "2026-06-26", "tenure": "New", "return": -0.015053, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.036341, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 62.2107, "volume": 5861, "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": 63.435, "volume": 7938, "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": 65.8766, "volume": 5836, "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": 65.37, "volume": 3233, "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": 64.872, "volume": 5700, "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": 62.2212, "volume": 3627, "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": 62.5387, "volume": 4918, "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": 64.0587, "volume": 11448, "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": 63.923, "volume": 14822, "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": 61.8006, "volume": 4416, "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": 60.4042, "volume": 5637, "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": 64.766, "volume": 9147, "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": 66.8909, "volume": 14350, "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": 68.2954, "volume": 14823, "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": 69.3346, "volume": 14681, "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": 69.497, "volume": 5677, "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": 70.0091, "volume": 8564, "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": 71.4335, "volume": 9705, "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": "2023-12-22", "close": 72.1493, "volume": 7231, "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": "2023-12-29", "close": 72.2793, "volume": 8756, "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": "2024-01-05", "close": 70.2592, "volume": 3372, "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": "2024-01-12", "close": 73.4135, "volume": 7050, "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": "2024-01-19", "close": 75.2482, "volume": 5213, "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": "2024-01-26", "close": 76.775, "volume": 192997, "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": "2024-02-02", "close": 78.9404, "volume": 11461, "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": "2024-02-09", "close": 81.1567, "volume": 49425, "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": "2024-02-16", "close": 80.4812, "volume": 36907, "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": "2024-02-23", "close": 81.4841, "volume": 17458, "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": "2024-03-01", "close": 83.1885, "volume": 22256, "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": "2024-03-08", "close": 82.1342, "volume": 17594, "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": "2024-03-15", "close": 81.2392, "volume": 7746, "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": "2024-03-22", "close": 83.45, "volume": 35908, "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": "2024-03-29", "close": 82.2886, "volume": 17099, "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": "2024-04-05", "close": 81.95, "volume": 11127, "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": "2024-04-12", "close": 80.9708, "volume": 6504, "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": "2024-04-19", "close": 76.3269, "volume": 15612, "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": "2024-04-26", "close": 79.29, "volume": 20423, "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": "2024-05-03", "close": 80.1153, "volume": 5439, "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": "2024-05-10", "close": 81.5642, "volume": 89207, "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": "2024-05-17", "close": 82.989, "volume": 30888, "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": "2024-05-24", "close": 84.5551, "volume": 6446, "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": "2024-05-31", "close": 83.29, "volume": 6343, "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": "2024-06-07", "close": 85.9956, "volume": 12444, "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": "2024-06-14", "close": 89.14, "volume": 7957, "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": "2024-06-21", "close": 88.991, "volume": 24407, "typical_volume": 22059.5, "trend": 79.353497, "fair_value": 66.726523, "relative_strength": 6.043468, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.895779, "energy": 90.615882, "activity_lines": [ 87.375793, 85.217273, 83.412711, 81.96623 ] }, { "date": "2024-06-28", "close": 88.9995, "volume": 21737, "typical_volume": 20675.1, "trend": 80.00358, "fair_value": 67.001498, "relative_strength": 5.903697, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.865097, "energy": 89.089517, "activity_lines": [ 88.24418, 86.267053, 84.028852, 82.588553 ] }, { "date": "2024-07-05", "close": 92.2081, "volume": 20086, "typical_volume": 19834.05, "trend": 80.743547, "fair_value": 67.308895, "relative_strength": 7.406265, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.546395, "energy": 93.898466, "activity_lines": [ 89.885807, 87.669804, 84.913228, 83.375942 ] }, { "date": "2024-07-12", "close": 91.5332, "volume": 15302, "typical_volume": 19726.25, "trend": 81.413537, "fair_value": 67.600754, "relative_strength": 5.415939, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.348437, "energy": 87.504167, "activity_lines": [ 90.707927, 88.714971, 85.677484, 84.072048 ] }, { "date": "2024-07-19", "close": 86.6438, "volume": 5950, "typical_volume": 18910.95, "trend": 81.896687, "fair_value": 67.827457, "relative_strength": 1.640604, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.101292, "energy": 61.056482, "activity_lines": [ 89.531073, 88.663558, 85.928231, 84.409485 ] }, { "date": "2024-07-26", "close": 83.9228, "volume": 14517, "typical_volume": 18757.1, "trend": 82.284803, "fair_value": 68.016814, "relative_strength": -0.818982, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 43.323356, "energy": 38.668852, "activity_lines": [ 87.613633, 88.025062, 85.903381, 84.540202 ] }, { "date": "2024-08-02", "close": 81.8883, "volume": 18264, "typical_volume": 19283.0, "trend": 82.67244, "fair_value": 68.17811, "relative_strength": -1.213085, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.953341, "energy": 19.964878, "activity_lines": [ 85.355907, 86.999678, 85.676252, 84.514621 ] }, { "date": "2024-08-09", "close": 83.3359, "volume": 21690, "typical_volume": 18572.1, "trend": 83.003187, "fair_value": 68.352338, "relative_strength": 0.381392, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.049371, "energy": 27.069086, "activity_lines": [ 84.054793, 86.285982, 85.583899, 84.557425 ] }, { "date": "2024-08-16", "close": 87.96, "volume": 5235, "typical_volume": 17978.9, "trend": 83.426913, "fair_value": 68.575152, "relative_strength": 1.698416, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.159447, "energy": 27.417353, "activity_lines": [ 84.886527, 86.412196, 85.932479, 84.877219 ] }, { "date": "2024-08-23", "close": 88.9106, "volume": 8615, "typical_volume": 17853.3, "trend": 83.831433, "fair_value": 68.80364, "relative_strength": 1.218245, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.842412, "energy": 21.669539, "activity_lines": [ 86.27334, 86.675531, 86.344586, 85.231005 ] }, { "date": "2024-08-30", "close": 88.708, "volume": 13042, "typical_volume": 18180.2, "trend": 84.15702, "fair_value": 69.0248, "relative_strength": 0.59461, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.131843, "energy": 32.443111, "activity_lines": [ 87.4415, 86.9062, 86.704252, 85.545622 ] }, { "date": "2024-09-06", "close": 83.273, "volume": 4899, "typical_volume": 17644.55, "trend": 84.227563, "fair_value": 69.181374, "relative_strength": -1.557669, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.805347, "energy": 17.492018, "activity_lines": [ 86.47898, 86.153833, 86.509456, 85.488589 ] }, { "date": "2024-09-13", "close": 88.7331, "volume": 9310, "typical_volume": 17088.9, "trend": 84.502627, "fair_value": 69.393892, "relative_strength": 0.731937, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 45.586613, "energy": 27.532515, "activity_lines": [ 87.24418, 86.498329, 86.801592, 85.779269 ] }, { "date": "2024-09-20", "close": 89.9142, "volume": 9146, "typical_volume": 17274.25, "trend": 84.78363, "fair_value": 69.614541, "relative_strength": 0.498775, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 51.37826, "energy": 33.329789, "activity_lines": [ 88.043267, 87.120753, 87.161247, 86.128402 ] }, { "date": "2024-09-27", "close": 89.6684, "volume": 8396, "typical_volume": 13233.7, "trend": 84.999627, "fair_value": 69.82788, "relative_strength": -0.445602, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 56.419278, "energy": 31.849156, "activity_lines": [ 88.63014, 87.727922, 87.45083, 86.443549 ] }, { "date": "2024-10-04", "close": 89.9262, "volume": 10683, "typical_volume": 12223.45, "trend": 85.25936, "fair_value": 70.039441, "relative_strength": -0.492782, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 58.754652, "energy": 52.963354, "activity_lines": [ 89.252427, 88.326971, 87.726375, 86.761392 ] }, { "date": "2024-10-11", "close": 91.746, "volume": 5746, "typical_volume": 12188.45, "trend": 85.609587, "fair_value": 70.265551, "relative_strength": 0.265228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.18645, "energy": 59.811575, "activity_lines": [ 90.4001, 89.14774, 88.1422, 87.179885 ] }, { "date": "2024-10-18", "close": 92.1184, "volume": 9443, "typical_volume": 12343.45, "trend": 85.898533, "fair_value": 70.490838, "relative_strength": -0.298158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.994936, "energy": 63.545875, "activity_lines": [ 91.10704, 89.856987, 88.559249, 87.599809 ] }, { "date": "2024-10-25", "close": 92.1296, "volume": 15649, "typical_volume": 12503.7, "trend": 86.226567, "fair_value": 70.711642, "relative_strength": 0.547001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.159262, "energy": 64.764786, "activity_lines": [ 91.592027, 90.408589, 88.935325, 88.001813 ] }, { "date": "2024-11-01", "close": 90.806, "volume": 8278, "typical_volume": 12519.75, "trend": 86.521767, "fair_value": 70.914615, "relative_strength": 0.393187, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.09987, "energy": 56.6814, "activity_lines": [ 91.48812, 90.643725, 89.156134, 88.29726 ] }, { "date": "2024-11-08", "close": 95.0101, "volume": 36495, "typical_volume": 13124.15, "trend": 86.989743, "fair_value": 71.15557, "relative_strength": 0.213352, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.273345, "energy": 68.956363, "activity_lines": [ 92.70974, 91.608782, 89.7694, 88.844895 ] }, { "date": "2024-11-15", "close": 92.3028, "volume": 18070, "typical_volume": 12940.8, "trend": 87.522273, "fair_value": 71.364949, "relative_strength": -0.623084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.903989, "energy": 53.471805, "activity_lines": [ 92.69, 91.967018, 90.096166, 89.187672 ] }, { "date": "2024-11-22", "close": 94.2262, "volume": 21362, "typical_volume": 13004.6, "trend": 88.020147, "fair_value": 71.589078, "relative_strength": -0.261858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.378014, "energy": 54.0285, "activity_lines": [ 93.274273, 92.510785, 90.590382, 89.620184 ] }, { "date": "2024-11-29", "close": 94.879, "volume": 9942, "typical_volume": 12736.6, "trend": 88.51227, "fair_value": 71.815194, "relative_strength": -0.792756, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.914176, "energy": 64.199649, "activity_lines": [ 93.935627, 93.073369, 91.13716, 90.062691 ] }, { "date": "2024-12-06", "close": 98.9742, "volume": 22605, "typical_volume": 13569.35, "trend": 89.092603, "fair_value": 72.076338, "relative_strength": 2.48629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.740314, "energy": 79.583081, "activity_lines": [ 95.778753, 94.290265, 92.058025, 90.737654 ] }, { "date": "2024-12-13", "close": 98.9346, "volume": 9401, "typical_volume": 13313.55, "trend": 89.624123, "fair_value": 72.332131, "relative_strength": 2.92986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.20679, "energy": 89.286909, "activity_lines": [ 97.064133, 95.330765, 92.916402, 91.372621 ] }, { "date": "2024-12-20", "close": 96.4401, "volume": 11343, "typical_volume": 12967.5, "trend": 90.02029, "fair_value": 72.559565, "relative_strength": 2.102411, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.839305, "energy": 79.212411, "activity_lines": [ 97.25638, 95.753931, 93.465723, 91.812362 ] }, { "date": "2024-12-27", "close": 97.1889, "volume": 6214, "typical_volume": 12193.7, "trend": 90.483587, "fair_value": 72.789746, "relative_strength": 2.113082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.527249, "energy": 75.865311, "activity_lines": [ 97.422407, 96.227895, 94.017064, 92.274853 ] }, { "date": "2025-01-03", "close": 97.0829, "volume": 14749, "typical_volume": 12669.4, "trend": 90.853163, "fair_value": 73.014682, "relative_strength": 2.382169, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.103307, "energy": 53.097178, "activity_lines": [ 97.355587, 96.590395, 94.492343, 92.700615 ] }, { "date": "2025-01-10", "close": 95.1528, "volume": 19019, "typical_volume": 13189.6, "trend": 91.05359, "fair_value": 73.217784, "relative_strength": 2.23038, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.755841, "energy": 36.157486, "activity_lines": [ 96.498473, 96.511907, 94.740361, 92.978011 ] }, { "date": "2025-01-17", "close": 96.5457, "volume": 42486, "typical_volume": 14661.8, "trend": 91.305413, "fair_value": 73.429856, "relative_strength": 0.717133, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.113013, "energy": 31.248574, "activity_lines": [ 96.36042, 96.607642, 95.091311, 93.33234 ] }, { "date": "2025-01-24", "close": 99.7579, "volume": 9585, "typical_volume": 14896.1, "trend": 91.664027, "fair_value": 73.667046, "relative_strength": 2.233886, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.047862, "energy": 42.972787, "activity_lines": [ 97.45236, 97.259493, 95.710862, 93.877662 ] }, { "date": "2025-01-31", "close": 98.0708, "volume": 81189, "typical_volume": 18490.05, "trend": 91.85945, "fair_value": 73.884937, "relative_strength": 1.51707, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.78022, "energy": 38.255989, "activity_lines": [ 97.760747, 97.469051, 96.091238, 94.291002 ] }, { "date": "2025-02-07", "close": 99.1717, "volume": 14290, "typical_volume": 18747.25, "trend": 92.114067, "fair_value": 74.108713, "relative_strength": 2.822843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.807547, "energy": 45.443571, "activity_lines": [ 98.377307, 97.808871, 96.531996, 94.76276 ] }, { "date": "2025-02-14", "close": 100.6039, "volume": 11683, "typical_volume": 18911.6, "trend": 92.579403, "fair_value": 74.341127, "relative_strength": 2.757617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.124268, "energy": 62.124712, "activity_lines": [ 99.332013, 98.331042, 97.065071, 95.310492 ] }, { "date": "2025-02-21", "close": 97.2461, "volume": 10743, "typical_volume": 18914.6, "trend": 93.023513, "fair_value": 74.540301, "relative_strength": 0.948817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.611793, "energy": 40.424649, "activity_lines": [ 98.804047, 98.213073, 97.226281, 95.611569 ] }, { "date": "2025-02-28", "close": 94.3714, "volume": 20308, "typical_volume": 19642.7, "trend": 93.439617, "fair_value": 74.711259, "relative_strength": -1.020931, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.341857, "energy": 19.474966, "activity_lines": [ 97.271153, 97.603131, 97.078854, 95.698529 ] }, { "date": "2025-03-07", "close": 89.1969, "volume": 21514, "typical_volume": 20246.25, "trend": 93.634983, "fair_value": 74.835068, "relative_strength": -3.39295, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -12.907619, "energy": 19.243271, "activity_lines": [ 94.372527, 96.089984, 96.426116, 95.424806 ] }, { "date": "2025-03-14", "close": 87.5872, "volume": 26426, "typical_volume": 20785.1, "trend": 93.622557, "fair_value": 74.943136, "relative_strength": -2.865354, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -39.930632, "energy": 42.651094, "activity_lines": [ 91.528927, 94.429473, 95.633984, 95.034626 ] }, { "date": "2025-03-21", "close": 88.1195, "volume": 26361, "typical_volume": 21689.25, "trend": 93.596187, "fair_value": 75.053862, "relative_strength": -2.701436, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.902751, "energy": 61.989589, "activity_lines": [ 89.63506, 93.038393, 94.914179, 94.67959 ] }, { "date": "2025-03-28", "close": 85.3273, "volume": 9871, "typical_volume": 20358.05, "trend": 93.483497, "fair_value": 75.139474, "relative_strength": -4.30783, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.694523, "energy": 75.699795, "activity_lines": [ 87.642753, 91.267518, 93.941242, 94.146114 ] }, { "date": "2025-04-04", "close": 76.6401, "volume": 22822, "typical_volume": 20595.65, "trend": 93.2624, "fair_value": 75.151876, "relative_strength": -5.385225, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -93.931793, "energy": 94.681515, "activity_lines": [ 83.5493, 88.121124, 92.187061, 93.059443 ] }, { "date": "2025-04-11", "close": 83.3417, "volume": 27409, "typical_volume": 20898.0, "trend": 93.082687, "fair_value": 75.219006, "relative_strength": -2.582823, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.459261, "energy": 80.436107, "activity_lines": [ 82.8718, 86.613525, 91.145713, 92.419398 ] }, { "date": "2025-04-18", "close": 81.5032, "volume": 8021, "typical_volume": 20801.95, "trend": 92.80232, "fair_value": 75.270097, "relative_strength": -3.354286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.740316, "energy": 77.785711, "activity_lines": [ 81.971813, 85.039456, 89.9811, 91.672334 ] }, { "date": "2025-04-25", "close": 87.9648, "volume": 19334, "typical_volume": 20638.4, "trend": 92.745533, "fair_value": 75.372473, "relative_strength": -0.303223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.742476, "energy": 52.844822, "activity_lines": [ 83.631293, 84.961469, 89.495572, 91.360236 ] }, { "date": "2025-05-02", "close": 91.28, "volume": 17426, "typical_volume": 21039.65, "trend": 92.79066, "fair_value": 75.499734, "relative_strength": 0.483015, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.862971, "energy": 29.330917, "activity_lines": [ 86.406153, 85.716047, 89.378203, 91.265685 ] }, { "date": "2025-05-09", "close": 91.1935, "volume": 17373, "typical_volume": 21341.15, "trend": 92.772243, "fair_value": 75.624287, "relative_strength": 0.781951, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.679152, "energy": 22.659227, "activity_lines": [ 88.755333, 86.563373, 89.289046, 91.162643 ] }, { "date": "2025-05-16", "close": 97.1555, "volume": 28372, "typical_volume": 22449.05, "trend": 92.940147, "fair_value": 75.793824, "relative_strength": 1.916854, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.282357, "energy": 20.643039, "activity_lines": [ 92.12162, 88.552478, 89.792683, 91.445434 ] }, { "date": "2025-05-23", "close": 95.3105, "volume": 8439, "typical_volume": 22133.55, "trend": 93.046177, "fair_value": 75.946298, "relative_strength": 2.551675, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 12.775779, "energy": 28.105844, "activity_lines": [ 93.951987, 90.061427, 90.120764, 91.59836 ] }, { "date": "2025-05-30", "close": 97.6592, "volume": 12474, "typical_volume": 21806.3, "trend": 93.274617, "fair_value": 76.114616, "relative_strength": 3.174894, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.335712, "energy": 37.302323, "activity_lines": [ 95.644767, 91.856989, 90.680971, 91.895974 ] }, { "date": "2025-06-06", "close": 99.805, "volume": 9162, "typical_volume": 20140.1, "trend": 93.434447, "fair_value": 76.296849, "relative_strength": 3.682556, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.772097, "energy": 55.663921, "activity_lines": [ 97.40652, 93.869247, 91.433605, 92.317289 ] }, { "date": "2025-06-13", "close": 98.7874, "volume": 9766, "typical_volume": 20149.15, "trend": 93.6506, "fair_value": 76.468533, "relative_strength": 3.00365, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.215401, "energy": 58.366851, "activity_lines": [ 98.26074, 95.433256, 92.073804, 92.662641 ] }, { "date": "2025-06-20", "close": 98.3203, "volume": 4564, "typical_volume": 16317.9, "trend": 93.78707, "fair_value": 76.634077, "relative_strength": 2.681774, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 27.094378, "energy": 53.415599, "activity_lines": [ 98.453, 96.50966, 92.674139, 92.963912 ] }, { "date": "2025-06-27", "close": 103.3063, "volume": 12023, "typical_volume": 16204.55, "trend": 94.06798, "fair_value": 76.83462, "relative_strength": 4.239028, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.282864, "energy": 63.853713, "activity_lines": [ 100.229607, 98.220271, 93.748143, 93.578056 ] }, { "date": "2025-07-04", "close": 104.2612, "volume": 7955, "typical_volume": 16018.15, "trend": 94.244213, "fair_value": 77.039296, "relative_strength": 3.467474, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.715892, "energy": 71.072197, "activity_lines": [ 101.79146, 99.70808, 94.893401, 94.235683 ] }, { "date": "2025-07-11", "close": 103.7674, "volume": 8669, "typical_volume": 15914.45, "trend": 94.405307, "fair_value": 77.237281, "relative_strength": 3.250248, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 74.06313, "energy": 87.608085, "activity_lines": [ 102.74858, 100.809809, 95.974215, 94.850082 ] }, { "date": "2025-07-18", "close": 104.4925, "volume": 7538, "typical_volume": 15275.95, "trend": 94.67372, "fair_value": 77.437687, "relative_strength": 3.232947, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.600988, "energy": 88.816175, "activity_lines": [ 103.68324, 101.816331, 97.093032, 95.500869 ] }, { "date": "2025-07-25", "close": 105.8788, "volume": 9590, "typical_volume": 14679.75, "trend": 94.963383, "fair_value": 77.645287, "relative_strength": 2.915206, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.167564, "energy": 91.075102, "activity_lines": [ 104.69966, 102.833107, 98.295682, 96.223777 ] }, { "date": "2025-08-01", "close": 103.7441, "volume": 10780, "typical_volume": 13897.45, "trend": 95.185423, "fair_value": 77.834409, "relative_strength": 3.196055, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.466222, "energy": 86.014298, "activity_lines": [ 104.500613, 103.303151, 99.21559, 96.790275 ] }, { "date": "2025-08-08", "close": 105.5711, "volume": 13731, "typical_volume": 13265.95, "trend": 95.5327, "fair_value": 78.033953, "relative_strength": 2.375508, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.306335, "energy": 83.559987, "activity_lines": [ 104.88138, 103.952038, 100.23256, 97.460318 ] }, { "date": "2025-08-15", "close": 106.5749, "volume": 25166, "typical_volume": 14030.7, "trend": 95.867007, "fair_value": 78.237817, "relative_strength": 2.282947, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.935292, "energy": 86.983867, "activity_lines": [ 105.50942, 104.639582, 101.262027, 98.172718 ] }, { "date": "2025-08-22", "close": 105.456, "volume": 18086, "typical_volume": 13793.9, "trend": 96.056943, "fair_value": 78.430854, "relative_strength": 0.876446, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.125579, "energy": 63.510308, "activity_lines": [ 105.577327, 105.0006, 102.083753, 98.791363 ] }, { "date": "2025-08-29", "close": 105.7941, "volume": 29326, "typical_volume": 13889.75, "trend": 96.314387, "fair_value": 78.623553, "relative_strength": 1.184429, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.287551, "energy": 64.266669, "activity_lines": [ 105.6937, 105.301844, 102.80046, 99.419567 ] }, { "date": "2025-09-05", "close": 106.8436, "volume": 11523, "typical_volume": 14064.85, "trend": 96.570117, "fair_value": 78.820896, "relative_strength": 1.733148, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.328614, "energy": 65.104339, "activity_lines": [ 106.165553, 105.658018, 103.510204, 100.098871 ] }, { "date": "2025-09-12", "close": 108.6275, "volume": 11859, "typical_volume": 13691.1, "trend": 96.83757, "fair_value": 79.027886, "relative_strength": 1.766661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.456341, "energy": 68.163301, "activity_lines": [ 107.025407, 106.274224, 104.269175, 100.876767 ] }, { "date": "2025-09-19", "close": 111.0349, "volume": 14405, "typical_volume": 13540.05, "trend": 97.297197, "fair_value": 79.248624, "relative_strength": 2.665973, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.400417, "energy": 72.585406, "activity_lines": [ 108.483967, 107.248751, 105.159028, 101.792723 ] }, { "date": "2025-09-26", "close": 109.3774, "volume": 16715, "typical_volume": 13507.15, "trend": 97.797397, "fair_value": 79.454986, "relative_strength": 1.343433, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.151409, "energy": 67.59347, "activity_lines": [ 109.092693, 107.789778, 105.796952, 102.572091 ] }, { "date": "2025-10-03", "close": 110.6556, "volume": 17661, "typical_volume": 12971.6, "trend": 98.512687, "fair_value": 79.667235, "relative_strength": 1.317795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.577245, "energy": 77.516307, "activity_lines": [ 109.86606, 108.474389, 106.47002, 103.401653 ] }, { "date": "2025-10-10", "close": 108.2138, "volume": 8056, "typical_volume": 12952.45, "trend": 99.20024, "fair_value": 79.860117, "relative_strength": 1.472793, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.056968, "energy": 62.813171, "activity_lines": [ 109.501393, 108.628185, 106.84625, 104.027531 ] }, { "date": "2025-10-17", "close": 109.86, "volume": 6831, "typical_volume": 12670.3, "trend": 99.924923, "fair_value": 80.061458, "relative_strength": 1.18355, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.400859, "energy": 56.890778, "activity_lines": [ 109.594113, 109.000024, 107.317816, 104.715258 ] }, { "date": "2025-10-24", "close": 112.3749, "volume": 15677, "typical_volume": 12996.05, "trend": 100.82651, "fair_value": 80.276881, "relative_strength": 1.476074, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.2182, "energy": 61.177641, "activity_lines": [ 110.442967, 109.751136, 107.970798, 105.518482 ] }, { "date": "2025-10-31", "close": 114.7946, "volume": 8687, "typical_volume": 12942.1, "trend": 102.098327, "fair_value": 80.505475, "relative_strength": 2.841022, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.211175, "energy": 66.993528, "activity_lines": [ 112.009053, 110.83674, 108.79437, 106.419649 ] }, { "date": "2025-11-07", "close": 111.3534, "volume": 12375, "typical_volume": 13332.65, "trend": 103.03205, "fair_value": 80.708422, "relative_strength": 1.344986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.090935, "energy": 55.621917, "activity_lines": [ 112.066927, 111.126878, 109.213984, 107.016751 ] }, { "date": "2025-11-14", "close": 110.7144, "volume": 16616, "typical_volume": 13562.3, "trend": 104.005757, "fair_value": 80.90454, "relative_strength": 0.55708, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.632234, "energy": 49.217682, "activity_lines": [ 111.86528, 111.199756, 109.510679, 107.512386 ] }, { "date": "2025-11-21", "close": 106.9293, "volume": 24348, "typical_volume": 14381.95, "trend": 104.637907, "fair_value": 81.073532, "relative_strength": -1.004231, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 36.546777, "energy": 27.941448, "activity_lines": [ 110.235227, 110.514056, 109.411611, 107.701002 ] }, { "date": "2025-11-28", "close": 111.8282, "volume": 22404, "typical_volume": 15068.7, "trend": 105.322847, "fair_value": 81.271949, "relative_strength": -0.209234, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.886303, "energy": 21.224001, "activity_lines": [ 110.43352, 110.749942, 109.7664, 108.164892 ] }, { "date": "2025-12-05", "close": 112.3071, "volume": 10783, "typical_volume": 15230.95, "trend": 106.026633, "fair_value": 81.470892, "relative_strength": -0.10607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.939987, "energy": 21.711409, "activity_lines": [ 110.827893, 111.058476, 110.128414, 108.615489 ] }, { "date": "2025-12-12", "close": 110.4271, "volume": 15889, "typical_volume": 15545.9, "trend": 106.46902, "fair_value": 81.870231, "relative_strength": -1.168595, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.79446, "energy": 17.130998, "activity_lines": [ 110.761433, 110.971925, 110.274168, 108.89939 ] }, { "date": "2025-12-19", "close": 110.9586, "volume": 11593, "typical_volume": 15586.55, "trend": 106.990623, "fair_value": 82.280259, "relative_strength": -0.789284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 35.464629, "energy": 21.723369, "activity_lines": [ 110.933893, 110.986165, 110.448882, 109.18904 ] }, { "date": "2025-12-26", "close": 112.6948, "volume": 11002, "typical_volume": 15450.1, "trend": 107.49181, "fair_value": 82.702247, "relative_strength": -0.632458, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.440188, "energy": 29.283359, "activity_lines": [ 111.668807, 111.266173, 110.754594, 109.557051 ] }, { "date": "2026-01-02", "close": 110.6322, "volume": 13887, "typical_volume": 14886.15, "trend": 107.852717, "fair_value": 83.106688, "relative_strength": -1.385614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.558522, "energy": 23.008896, "activity_lines": [ 111.33182, 111.11962, 110.829946, 109.759657 ] }, { "date": "2026-01-09", "close": 111.8649, "volume": 7405, "typical_volume": 14352.1, "trend": 108.288633, "fair_value": 83.502627, "relative_strength": -1.799115, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.820349, "energy": 24.499701, "activity_lines": [ 111.485467, 111.22888, 111.003377, 110.018508 ] }, { "date": "2026-01-16", "close": 109.9296, "volume": 11935, "typical_volume": 13482.55, "trend": 108.67561, "fair_value": 83.883377, "relative_strength": -3.110495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 30.557923, "energy": 15.241421, "activity_lines": [ 111.023493, 111.039535, 110.961975, 110.124377 ] }, { "date": "2026-01-23", "close": 109.1669, "volume": 29685, "typical_volume": 14390.65, "trend": 108.870963, "fair_value": 84.245531, "relative_strength": -3.357214, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.85605, "energy": 7.513778, "activity_lines": [ 110.340453, 110.737404, 110.828242, 110.156073 ] }, { "date": "2026-01-30", "close": 108.0673, "volume": 29161, "typical_volume": 15255.75, "trend": 108.997833, "fair_value": 84.594421, "relative_strength": -4.612203, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 5.138669, "energy": 8.721874, "activity_lines": [ 109.410327, 110.263482, 110.578722, 110.104223 ] }, { "date": "2026-02-06", "close": 104.2972, "volume": 64502, "typical_volume": 17760.6, "trend": 109.015493, "fair_value": 84.926326, "relative_strength": -7.586463, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.488526, "energy": 36.191136, "activity_lines": [ 107.532, 109.083396, 109.972812, 109.800957 ] }, { "date": "2026-02-13", "close": 102.812, "volume": 22895, "typical_volume": 18069.6, "trend": 108.959477, "fair_value": 85.246028, "relative_strength": -7.541684, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -45.905701, "energy": 58.366255, "activity_lines": [ 105.58094, 107.770202, 109.25754, 109.400731 ] }, { "date": "2026-02-20", "close": 104.2481, "volume": 15999, "typical_volume": 17986.5, "trend": 108.90512, "fair_value": 85.583907, "relative_strength": -7.154626, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.492423, "energy": 61.551693, "activity_lines": [ 104.712107, 106.890755, 108.710302, 109.096772 ] }, { "date": "2026-02-27", "close": 103.4626, "volume": 25262, "typical_volume": 18846.8, "trend": 108.895737, "fair_value": 85.909147, "relative_strength": -7.284142, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -71.136281, "energy": 80.685183, "activity_lines": [ 103.960207, 105.980835, 108.118767, 108.745641 ] }, { "date": "2026-03-06", "close": 103.2136, "volume": 23041, "typical_volume": 19657.3, "trend": 108.817153, "fair_value": 86.246188, "relative_strength": -5.599532, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.866517, "energy": 78.111461, "activity_lines": [ 103.505593, 105.161933, 107.526142, 108.379052 ] }, { "date": "2026-03-13", "close": 101.0894, "volume": 11353, "typical_volume": 19441.1, "trend": 108.634303, "fair_value": 86.552655, "relative_strength": -6.080323, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.455874, "energy": 79.089317, "activity_lines": [ 102.666493, 104.129198, 106.762862, 107.880487 ] }, { "date": "2026-03-20", "close": 97.9709, "volume": 18579, "typical_volume": 19935.7, "trend": 108.3848, "fair_value": 86.831449, "relative_strength": -7.232533, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.903375, "energy": 85.520584, "activity_lines": [ 101.001747, 102.702969, 105.756322, 107.192526 ] }, { "date": "2026-03-27", "close": 94.3161, "volume": 23016, "typical_volume": 20467.75, "trend": 108.0022, "fair_value": 87.072765, "relative_strength": -8.582788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.960436, "energy": 89.687741, "activity_lines": [ 98.441473, 100.864849, 104.48182, 106.284868 ] }, { "date": "2026-04-03", "close": 98.3413, "volume": 16030, "typical_volume": 20438.45, "trend": 107.71879, "fair_value": 87.343524, "relative_strength": -7.803208, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.653173, "energy": 78.438129, "activity_lines": [ 97.885067, 100.042465, 103.671799, 105.661584 ] }, { "date": "2026-04-10", "close": 102.4014, "volume": 23676, "typical_volume": 20404.85, "trend": 107.511253, "fair_value": 87.634847, "relative_strength": -7.25694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.260485, "energy": 55.08009, "activity_lines": [ 99.023447, 100.155111, 103.307374, 105.318526 ] }, { "date": "2026-04-17", "close": 109.515, "volume": 21600, "typical_volume": 20364.65, "trend": 107.46059, "fair_value": 87.972197, "relative_strength": -5.07255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.904911, "energy": 20.882185, "activity_lines": [ 102.587173, 101.664155, 103.641997, 105.4478 ] }, { "date": "2026-04-24", "close": 110.9494, "volume": 11072, "typical_volume": 20379.1, "trend": 107.51299, "fair_value": 88.316846, "relative_strength": -4.271079, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 0.535396, "energy": 19.781919, "activity_lines": [ 106.067327, 103.339129, 104.124244, 105.672885 ] }, { "date": "2026-05-01", "close": 111.3601, "volume": 9508, "typical_volume": 20060.05, "trend": 107.536473, "fair_value": 88.660983, "relative_strength": -4.716813, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 32.332514, "energy": 40.795635, "activity_lines": [ 108.819147, 104.940824, 104.65207, 105.921085 ] }, { "date": "2026-05-08", "close": 115.277, "volume": 12133, "typical_volume": 20087.05, "trend": 107.771913, "fair_value": 89.027365, "relative_strength": -3.552683, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.859059, "energy": 52.82489, "activity_lines": [ 111.740333, 107.125373, 105.548492, 106.420474 ] }, { "date": "2026-05-15", "close": 115.1638, "volume": 13108, "typical_volume": 20192.35, "trend": 107.948707, "fair_value": 89.383104, "relative_strength": -3.739991, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.30944, "energy": 72.332575, "activity_lines": [ 113.49474, 109.074533, 106.41357, 106.89737 ] }, { "date": "2026-05-22", "close": 116.4529, "volume": 9970, "typical_volume": 19996.5, "trend": 108.08464, "fair_value": 89.73664, "relative_strength": -3.388978, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.659675, "energy": 73.608984, "activity_lines": [ 114.82802, 111.040798, 107.389661, 107.446028 ] }, { "date": "2026-05-29", "close": 120.3942, "volume": 8659, "typical_volume": 20059.2, "trend": 108.271293, "fair_value": 90.109968, "relative_strength": -1.451453, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 59.282442, "energy": 82.690834, "activity_lines": [ 117.01254, 113.444327, 108.713397, 108.240193 ] }, { "date": "2026-06-05", "close": 114.82, "volume": 13851, "typical_volume": 20155.0, "trend": 108.386847, "fair_value": 90.44814, "relative_strength": -3.45465, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 66.358528, "energy": 73.019036, "activity_lines": [ 116.70934, 114.426669, 109.46564, 108.66269 ] }, { "date": "2026-06-12", "close": 113.9406, "volume": 13545, "typical_volume": 19348.0, "trend": 108.494387, "fair_value": 90.767467, "relative_strength": -4.57997, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.524179, "energy": 55.019084, "activity_lines": [ 115.882347, 114.876322, 110.110844, 109.020997 ] }, { "date": "2026-06-19", "close": 116.4357, "volume": 8814, "typical_volume": 18330.65, "trend": 108.811267, "fair_value": 91.106535, "relative_strength": -3.257498, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.030938, "energy": 52.890733, "activity_lines": [ 115.976147, 115.496005, 110.970945, 109.53334 ] }, { "date": "2026-06-26", "close": 112.2254, "volume": 41616, "typical_volume": 17186.35, "trend": 108.824507, "fair_value": 91.41145, "relative_strength": -4.303618, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 45.925021, "energy": 33.129922, "activity_lines": [ 114.58172, 115.095011, 111.390215, 109.753606 ] }, { "date": "2026-07-03", "close": 115.4309, "volume": 7530, "typical_volume": 16418.1, "trend": 108.928633, "fair_value": 91.743181, "relative_strength": -3.500339, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.917107, "energy": 31.423048, "activity_lines": [ 114.537627, 115.227555, 112.077017, 110.179825 ] }, { "date": "2026-07-10", "close": 117.5453, "volume": 5948, "typical_volume": 15915.55, "trend": 109.165907, "fair_value": 92.072694, "relative_strength": -2.910757, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.977581, "energy": 40.136742, "activity_lines": [ 115.52922, 115.663053, 112.905101, 110.735739 ] }, { "date": "2026-07-17", "close": 114.4483, "volume": 73917, "typical_volume": 18348.3, "trend": 109.28223, "fair_value": 92.387806, "relative_strength": -3.820195, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.078909, "energy": 32.180176, "activity_lines": [ 115.306793, 115.423002, 113.374912, 111.076539 ] }, { "date": "2026-07-24", "close": 112.022, "volume": 7726, "typical_volume": 17582.55, "trend": 109.259803, "fair_value": 92.681922, "relative_strength": -5.116521, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.288507, "energy": 28.65023, "activity_lines": [ 114.241753, 114.756873, 113.561335, 111.253298 ] }, { "date": "2026-07-31", "close": 114.2016, "volume": 10504, "typical_volume": 17540.1, "trend": 109.378783, "fair_value": 92.9997, "relative_strength": -4.136491, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.45249, "energy": 24.208518, "activity_lines": [ 114.197493, 114.544158, 113.913393, 111.572124 ] }, { "date": "2026-08-07", "close": 119.6258, "volume": 10558, "typical_volume": 17139.05, "trend": 109.63748, "fair_value": 93.356679, "relative_strength": -2.839431, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 69.830953, "energy": 38.023573, "activity_lines": [ 115.829553, 115.358595, 114.719603, 112.233222 ] } ], "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." } } }