{ "ticker": { "uuid": "d1fd6932-39ec-4beb-a1df-bfef7f24607f", "symbol": "MUA", "name": "BlackRock Muniassets Fund Inc", "exchange": "NYSE", "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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 75.28, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -65.019, "architecture_energy": 52.545, "architecture_maturity": 6.748, "architecture_confidence": 70.185, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 33.79, "rotation_up": 13.55, "upward_expansion": 10.96, "deceleration": 40.81, "rotation_down": 70.39, "downward_expansion": 77.29 }, "activity_lines": [ 10.370972, 10.538419, 10.577254, 10.586501 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 10.26, "trend_reference": 10.624915, "distance_from_trend": -0.034345, "trend_direction": "Improving", "fair_value": 9.982962, "distance_from_fair_value": 0.027751, "fair_value_direction": "Weakening", "relative_strength": -13.400993, "relative_strength_direction": "Weakening", "price_momentum": -0.062284, "excess_performance": -0.187909, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.034345, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.007157, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.027751, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.052869, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.13401, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.047701, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.062284, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.609961, "read": "Supply-led" } ], "volume": { "latest": 1472669, "relative_activity": 2.05848, "balance": 0.609961, "dry_up": 2.084815, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.024676, "annualized_volatility": 0.107574, "from_high_reference": -0.087951, "from_low_reference": 0.036017 }, "levels": { "trend_reference": 10.624915, "fair_value_reference": 9.982962, "structural_low": 10.013181, "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": 3, "median_return": 0.040707, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.029338, "regime_survival": 0.333333, "best_return": 0.059896, "worst_return": -0.010255, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.010144, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.012608, "regime_survival": 0.0, "best_return": 0.002648, "worst_return": -0.022936, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.100557, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.134848, "regime_survival": 0.0, "best_return": -0.055915, "worst_return": -0.145199, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.127053, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.134485, "regime_survival": 0.0, "best_return": 0.013609, "worst_return": -0.267715, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-17", "tenure": "New", "return": 0.0346, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-11-01", "tenure": "Established", "return": 0.073558, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-08", "end": "2024-12-20", "tenure": "Developing", "return": -0.109551, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-17", "tenure": "New", "return": -0.005212, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-24", "end": "2025-07-04", "tenure": "Established", "return": -0.019974, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-15", "tenure": "Developing", "return": 0.024746, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-22", "end": "2025-09-05", "tenure": "New", "return": 0.051838, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-12", "end": "2025-10-17", "tenure": "Developing", "return": -0.080853, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-24", "end": "2026-01-23", "tenure": "Established", "return": 0.016376, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-30", "end": "2026-03-27", "tenure": "Developing", "return": -0.051, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-24", "tenure": "New", "return": 0.004245, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-01", "end": "2026-07-03", "tenure": "Developing", "return": 0.047179, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-07-24", "tenure": "New", "return": -0.039007, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.015842, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 8.274753, "volume": 244836, "typical_volume": 331198.95, "trend": 8.650399, "fair_value": 10.103494, "relative_strength": -11.312478, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -63.764036, "energy": 47.628492, "activity_lines": [ 8.425693, 8.48871, 8.512143, 8.550376 ] }, { "date": "2023-08-25", "close": 8.148099, "volume": 384727, "typical_volume": 332766.35, "trend": 8.61178, "fair_value": 10.089839, "relative_strength": -12.918331, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.039463, "energy": 69.70014, "activity_lines": [ 8.316708, 8.421754, 8.474467, 8.51797 ] }, { "date": "2023-09-01", "close": 8.181873, "volume": 491568, "typical_volume": 338879.0, "trend": 8.575929, "fair_value": 10.076078, "relative_strength": -14.205058, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.581639, "energy": 72.256083, "activity_lines": [ 8.248741, 8.367378, 8.442918, 8.490234 ] }, { "date": "2023-09-08", "close": 8.105881, "volume": 555526, "typical_volume": 343183.05, "trend": 8.536176, "fair_value": 10.062292, "relative_strength": -13.515815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.008125, "energy": 79.294459, "activity_lines": [ 8.183514, 8.306838, 8.406528, 8.459908 ] }, { "date": "2023-09-15", "close": 8.030166, "volume": 377432, "typical_volume": 345912.4, "trend": 8.501714, "fair_value": 10.048286, "relative_strength": -13.814575, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.787322, "energy": 82.246681, "activity_lines": [ 8.112728, 8.240196, 8.364892, 8.427262 ] }, { "date": "2023-09-22", "close": 8.004728, "volume": 477099, "typical_volume": 351437.0, "trend": 8.474926, "fair_value": 10.035971, "relative_strength": -11.178563, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.371193, "energy": 80.816095, "activity_lines": [ 8.064919, 8.176599, 8.323517, 8.395199 ] }, { "date": "2023-09-29", "close": 7.631626, "volume": 852085, "typical_volume": 384623.05, "trend": 8.443124, "fair_value": 10.020523, "relative_strength": -14.317156, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.310193, "energy": 90.554578, "activity_lines": [ 7.910745, 8.057876, 8.249926, 8.340792 ] }, { "date": "2023-10-06", "close": 7.512912, "volume": 537893, "typical_volume": 394552.25, "trend": 8.411764, "fair_value": 10.003202, "relative_strength": -15.613607, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.699433, "energy": 94.961354, "activity_lines": [ 7.751431, 7.935075, 8.169691, 8.280779 ] }, { "date": "2023-10-13", "close": 7.649009, "volume": 444551, "typical_volume": 400826.4, "trend": 8.38138, "fair_value": 9.987116, "relative_strength": -14.092443, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.189952, "energy": 89.104341, "activity_lines": [ 7.68208, 7.856838, 8.107208, 8.231569 ] }, { "date": "2023-10-20", "close": 7.453099, "volume": 418604, "typical_volume": 410966.5, "trend": 8.343638, "fair_value": 9.970611, "relative_strength": -13.967842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.877656, "energy": 92.878337, "activity_lines": [ 7.577883, 7.756655, 8.029175, 8.171679 ] }, { "date": "2023-10-27", "close": 7.504206, "volume": 479284, "typical_volume": 419235.9, "trend": 8.303183, "fair_value": 9.955969, "relative_strength": -11.022344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.978688, "energy": 87.207703, "activity_lines": [ 7.529194, 7.684836, 7.960767, 8.117523 ] }, { "date": "2023-11-03", "close": 7.827884, "volume": 837206, "typical_volume": 443676.9, "trend": 8.272138, "fair_value": 9.941262, "relative_strength": -12.098561, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.504496, "energy": 59.981525, "activity_lines": [ 7.621765, 7.685876, 7.928255, 8.086858 ] }, { "date": "2023-11-10", "close": 8.006758, "volume": 696899, "typical_volume": 464335.85, "trend": 8.249531, "fair_value": 9.927922, "relative_strength": -11.103531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.93599, "energy": 41.250299, "activity_lines": [ 7.760877, 7.725262, 7.91599, 8.069737 ] }, { "date": "2023-11-17", "close": 8.528176, "volume": 702595, "typical_volume": 484015.45, "trend": 8.249845, "fair_value": 9.916758, "relative_strength": -7.260907, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -3.098074, "energy": 19.121732, "activity_lines": [ 8.040872, 7.862634, 7.956222, 8.087714 ] }, { "date": "2023-11-24", "close": 8.511068, "volume": 440938, "typical_volume": 491807.65, "trend": 8.247096, "fair_value": 9.902869, "relative_strength": -8.123004, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.233535, "energy": 37.358242, "activity_lines": [ 8.256553, 7.989218, 7.994821, 8.104567 ] }, { "date": "2023-12-01", "close": 8.793345, "volume": 688335, "typical_volume": 509750.15, "trend": 8.250154, "fair_value": 9.889436, "relative_strength": -5.670935, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.856572, "energy": 50.770472, "activity_lines": [ 8.495795, 8.158382, 8.060023, 8.139809 ] }, { "date": "2023-12-08", "close": 8.887437, "volume": 580616, "typical_volume": 526782.05, "trend": 8.259383, "fair_value": 9.877307, "relative_strength": -4.681551, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 43.419262, "energy": 65.557597, "activity_lines": [ 8.680459, 8.330314, 8.133759, 8.180924 ] }, { "date": "2023-12-15", "close": 9.07325, "volume": 860879, "typical_volume": 550101.85, "trend": 8.277864, "fair_value": 9.867911, "relative_strength": -4.684673, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 45.008557, "energy": 74.673567, "activity_lines": [ 8.856423, 8.513198, 8.223797, 8.233431 ] }, { "date": "2023-12-22", "close": 9.142051, "volume": 945054, "typical_volume": 567882.3, "trend": 8.30587, "fair_value": 9.858112, "relative_strength": -4.556755, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 51.564879, "energy": 77.349422, "activity_lines": [ 8.984222, 8.680221, 8.318148, 8.289185 ] }, { "date": "2023-12-29", "close": 9.10765, "volume": 930211, "typical_volume": 597316.9, "trend": 8.327723, "fair_value": 9.847671, "relative_strength": -4.855465, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 71.967065, "energy": 84.32007, "activity_lines": [ 9.059628, 8.813843, 8.405694, 8.340913 ] }, { "date": "2024-01-05", "close": 9.374258, "volume": 487451, "typical_volume": 609447.65, "trend": 8.354569, "fair_value": 9.838024, "relative_strength": -0.209696, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.870694, "energy": 86.119343, "activity_lines": [ 9.184132, 8.965857, 8.515747, 8.408432 ] }, { "date": "2024-01-12", "close": 9.499004, "volume": 545961, "typical_volume": 617509.35, "trend": 8.387793, "fair_value": 9.829471, "relative_strength": -0.416954, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.085865, "energy": 84.51707, "activity_lines": [ 9.31149, 9.106551, 8.632445, 8.482266 ] }, { "date": "2024-01-19", "close": 9.222417, "volume": 328102, "typical_volume": 609336.05, "trend": 8.408447, "fair_value": 9.817358, "relative_strength": -4.061851, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.181148, "energy": 68.011142, "activity_lines": [ 9.305882, 9.166572, 8.716369, 8.536113 ] }, { "date": "2024-01-26", "close": 9.308851, "volume": 351187, "typical_volume": 599119.1, "trend": 8.434496, "fair_value": 9.80561, "relative_strength": -3.76262, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.272102, "energy": 59.327596, "activity_lines": [ 9.31914, 9.220206, 8.803569, 8.594203 ] }, { "date": "2024-02-02", "close": 9.395284, "volume": 515328, "typical_volume": 606013.9, "trend": 8.465938, "fair_value": 9.794228, "relative_strength": -3.879745, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.727991, "energy": 59.081792, "activity_lines": [ 9.350089, 9.275361, 8.893273, 8.65619 ] }, { "date": "2024-02-09", "close": 9.429857, "volume": 300202, "typical_volume": 597169.05, "trend": 8.490139, "fair_value": 9.781832, "relative_strength": -4.442844, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.615637, "energy": 56.815535, "activity_lines": [ 9.373387, 9.320725, 8.979769, 8.718378 ] }, { "date": "2024-02-16", "close": 9.642708, "volume": 400512, "typical_volume": 574590.4, "trend": 8.525079, "fair_value": 9.773185, "relative_strength": -1.639012, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.917843, "energy": 68.981402, "activity_lines": [ 9.463929, 9.393216, 9.07975, 8.792737 ] }, { "date": "2024-02-23", "close": 9.607959, "volume": 276266, "typical_volume": 561509.05, "trend": 8.55858, "fair_value": 9.767077, "relative_strength": -3.257584, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.943116, "energy": 71.990301, "activity_lines": [ 9.533308, 9.445657, 9.166845, 8.862601 ] }, { "date": "2024-03-01", "close": 9.616646, "volume": 358226, "typical_volume": 557192.8, "trend": 8.599099, "fair_value": 9.759562, "relative_strength": -3.847936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.907451, "energy": 74.68835, "activity_lines": [ 9.579879, 9.489956, 9.244791, 8.930863 ] }, { "date": "2024-03-08", "close": 9.503714, "volume": 457745, "typical_volume": 559149.85, "trend": 8.632489, "fair_value": 9.750791, "relative_strength": -4.42143, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.377913, "energy": 66.318233, "activity_lines": [ 9.568287, 9.505092, 9.302612, 8.989225 ] }, { "date": "2024-03-15", "close": 9.744467, "volume": 448213, "typical_volume": 557596.3, "trend": 8.681479, "fair_value": 9.742995, "relative_strength": -1.637252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.88027, "energy": 63.650067, "activity_lines": [ 9.629717, 9.556801, 9.373596, 9.060966 ] }, { "date": "2024-03-22", "close": 9.892904, "volume": 428718, "typical_volume": 537171.9, "trend": 8.73964, "fair_value": 9.735629, "relative_strength": -2.025515, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.249154, "energy": 70.109592, "activity_lines": [ 9.719652, 9.628767, 9.44805, 9.139122 ] }, { "date": "2024-03-29", "close": 9.674614, "volume": 417030, "typical_volume": 523178.45, "trend": 8.789398, "fair_value": 9.724732, "relative_strength": -4.232495, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.171704, "energy": 57.77057, "activity_lines": [ 9.720144, 9.653882, 9.491881, 9.199443 ] }, { "date": "2024-04-05", "close": 9.735735, "volume": 380601, "typical_volume": 507078.75, "trend": 8.843726, "fair_value": 9.715696, "relative_strength": -2.479552, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.993492, "energy": 57.1188, "activity_lines": [ 9.736566, 9.681888, 9.533591, 9.260497 ] }, { "date": "2024-04-12", "close": 9.705611, "volume": 301546, "typical_volume": 500109.15, "trend": 8.899574, "fair_value": 9.705886, "relative_strength": -1.105262, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.651847, "energy": 53.636735, "activity_lines": [ 9.735007, 9.696656, 9.566681, 9.316103 ] }, { "date": "2024-04-19", "close": 9.679285, "volume": 460647, "typical_volume": 488724.75, "trend": 8.955393, "fair_value": 9.694815, "relative_strength": 1.896462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.653824, "energy": 45.502587, "activity_lines": [ 9.711214, 9.700995, 9.591576, 9.366406 ] }, { "date": "2024-04-26", "close": 9.538879, "volume": 527366, "typical_volume": 486062.25, "trend": 9.018968, "fair_value": 9.683414, "relative_strength": -1.954166, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.863109, "energy": 32.559743, "activity_lines": [ 9.644963, 9.67527, 9.59888, 9.404051 ] }, { "date": "2024-05-03", "close": 9.626633, "volume": 501507, "typical_volume": 468093.65, "trend": 9.089425, "fair_value": 9.671672, "relative_strength": -1.384223, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.474857, "energy": 26.190356, "activity_lines": [ 9.631566, 9.667389, 9.61144, 9.443255 ] }, { "date": "2024-05-10", "close": 9.837243, "volume": 432852, "typical_volume": 442483.55, "trend": 9.162366, "fair_value": 9.661676, "relative_strength": -0.840984, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.445316, "energy": 31.997703, "activity_lines": [ 9.691571, 9.69746, 9.641422, 9.491501 ] }, { "date": "2024-05-17", "close": 9.868923, "volume": 411433, "typical_volume": 416544.65, "trend": 9.242894, "fair_value": 9.650233, "relative_strength": -1.940761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 63.488336, "energy": 40.221542, "activity_lines": [ 9.755369, 9.729281, 9.671112, 9.537086 ] }, { "date": "2024-05-24", "close": 9.76309, "volume": 299383, "typical_volume": 407141.25, "trend": 9.31819, "fair_value": 9.636489, "relative_strength": -2.831946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.317356, "energy": 39.306307, "activity_lines": [ 9.773001, 9.735219, 9.687097, 9.570647 ] }, { "date": "2024-05-31", "close": 9.657257, "volume": 257796, "typical_volume": 392733.0, "trend": 9.379169, "fair_value": 9.619059, "relative_strength": -3.338825, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.90287, "energy": 35.42521, "activity_lines": [ 9.749769, 9.721577, 9.69115, 9.592522 ] }, { "date": "2024-06-07", "close": 9.789549, "volume": 402009, "typical_volume": 396428.35, "trend": 9.438595, "fair_value": 9.602241, "relative_strength": -3.047009, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.305906, "energy": 33.21837, "activity_lines": [ 9.762742, 9.736272, 9.70705, 9.618998 ] }, { "date": "2024-06-14", "close": 10.155995, "volume": 261033, "typical_volume": 391920.65, "trend": 9.492856, "fair_value": 9.588197, "relative_strength": -0.957879, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.767086, "energy": 47.703165, "activity_lines": [ 9.887003, 9.815503, 9.755148, 9.665282 ] }, { "date": "2024-06-21", "close": 10.235754, "volume": 172980, "typical_volume": 374803.25, "trend": 9.550346, "fair_value": 9.57299, "relative_strength": -0.682633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.646662, "energy": 67.92918, "activity_lines": [ 10.0166, 9.901596, 9.806809, 9.713211 ] }, { "date": "2024-06-28", "close": 10.280065, "volume": 282733, "typical_volume": 373929.8, "trend": 9.599903, "fair_value": 9.556679, "relative_strength": -0.136819, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.690557, "energy": 80.306924, "activity_lines": [ 10.136512, 9.986105, 9.858688, 9.760289 ] }, { "date": "2024-07-05", "close": 10.191444, "volume": 165258, "typical_volume": 362167.1, "trend": 9.64337, "fair_value": 9.540662, "relative_strength": -2.742087, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.287723, "energy": 77.942814, "activity_lines": [ 10.192419, 10.043579, 9.898077, 9.798453 ] }, { "date": "2024-07-12", "close": 10.46617, "volume": 300831, "typical_volume": 363395.35, "trend": 9.689801, "fair_value": 9.529623, "relative_strength": -0.97828, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.637119, "energy": 83.419625, "activity_lines": [ 10.304288, 10.139138, 9.961018, 9.851537 ] }, { "date": "2024-07-19", "close": 10.373225, "volume": 286806, "typical_volume": 359824.35, "trend": 9.73084, "fair_value": 9.519523, "relative_strength": 0.14749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.24214, "energy": 73.869164, "activity_lines": [ 10.340068, 10.202534, 10.011021, 9.895629 ] }, { "date": "2024-07-26", "close": 10.337609, "volume": 312233, "typical_volume": 352548.75, "trend": 9.771838, "fair_value": 9.508044, "relative_strength": 0.648517, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.78556, "energy": 54.439915, "activity_lines": [ 10.349494, 10.249709, 10.054029, 9.934775 ] }, { "date": "2024-08-02", "close": 10.399937, "volume": 555307, "typical_volume": 357903.45, "trend": 9.806028, "fair_value": 9.498068, "relative_strength": 3.400728, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.602759, "energy": 53.026351, "activity_lines": [ 10.372905, 10.299694, 10.099001, 9.975298 ] }, { "date": "2024-08-09", "close": 10.333691, "volume": 473737, "typical_volume": 360154.4, "trend": 9.833851, "fair_value": 9.486664, "relative_strength": 2.720328, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.532065, "energy": 45.450037, "activity_lines": [ 10.366243, 10.326056, 10.134544, 10.009341 ] }, { "date": "2024-08-16", "close": 10.396316, "volume": 449297, "typical_volume": 361767.75, "trend": 9.872981, "fair_value": 9.476335, "relative_strength": -0.584525, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.681465, "energy": 43.356495, "activity_lines": [ 10.370973, 10.351506, 10.173951, 10.045629 ] }, { "date": "2024-08-23", "close": 10.458944, "volume": 324147, "typical_volume": 358945.05, "trend": 9.911317, "fair_value": 9.466071, "relative_strength": -1.359461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.418891, "energy": 44.431938, "activity_lines": [ 10.401236, 10.37731, 10.215887, 10.083433 ] }, { "date": "2024-08-30", "close": 10.807874, "volume": 506752, "typical_volume": 369205.35, "trend": 9.958403, "fair_value": 9.456985, "relative_strength": 1.56982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.02963, "energy": 54.660946, "activity_lines": [ 10.542094, 10.461048, 10.28761, 10.141275 ] }, { "date": "2024-09-06", "close": 10.933131, "volume": 437056, "typical_volume": 368025.8, "trend": 10.008512, "fair_value": 9.448702, "relative_strength": 6.986821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.863985, "energy": 73.145147, "activity_lines": [ 10.693354, 10.557158, 10.366014, 10.204161 ] }, { "date": "2024-09-13", "close": 11.210485, "volume": 519363, "typical_volume": 367625.65, "trend": 10.060772, "fair_value": 9.441624, "relative_strength": 5.298684, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.877147, "energy": 87.728661, "activity_lines": [ 10.901518, 10.691821, 10.464861, 10.281708 ] }, { "date": "2024-09-20", "close": 11.045294, "volume": 553420, "typical_volume": 370221.3, "trend": 10.108683, "fair_value": 9.437784, "relative_strength": 2.232779, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.66321, "energy": 84.314652, "activity_lines": [ 10.996166, 10.777922, 10.540016, 10.345225 ] }, { "date": "2024-09-27", "close": 11.036307, "volume": 441507, "typical_volume": 370654.05, "trend": 10.156005, "fair_value": 9.43577, "relative_strength": 1.4491, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.339339, "energy": 79.370391, "activity_lines": [ 11.044553, 10.85186, 10.60756, 10.405072 ] }, { "date": "2024-10-04", "close": 11.153141, "volume": 480735, "typical_volume": 374119.15, "trend": 10.210986, "fair_value": 9.43489, "relative_strength": 2.073738, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.462018, "energy": 74.892437, "activity_lines": [ 11.093394, 10.934984, 10.68052, 10.469403 ] }, { "date": "2024-10-11", "close": 11.144153, "volume": 395197, "typical_volume": 378909.85, "trend": 10.257642, "fair_value": 9.433817, "relative_strength": 0.701982, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.097535, "energy": 58.908063, "activity_lines": [ 11.116222, 11.001646, 10.74651, 10.529608 ] }, { "date": "2024-10-18", "close": 11.42916, "volume": 374571, "typical_volume": 384748.6, "trend": 10.30885, "fair_value": 9.434522, "relative_strength": 2.225971, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.621739, "energy": 64.070763, "activity_lines": [ 11.219983, 11.106596, 10.833066, 10.605189 ] }, { "date": "2024-10-25", "close": 10.544438, "volume": 591704, "typical_volume": 394233.35, "trend": 10.337845, "fair_value": 9.428974, "relative_strength": -4.753578, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.280175, "energy": 35.560017, "activity_lines": [ 11.014259, 11.03077, 10.826926, 10.620389 ] }, { "date": "2024-11-01", "close": 10.481244, "volume": 503341, "typical_volume": 406348.75, "trend": 10.362695, "fair_value": 9.420842, "relative_strength": -4.007937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.353831, "energy": 16.947068, "activity_lines": [ 10.82086, 10.940761, 10.811172, 10.62964 ] }, { "date": "2024-11-08", "close": 11.257632, "volume": 568899, "typical_volume": 426144.7, "trend": 10.414429, "fair_value": 9.416868, "relative_strength": -1.616614, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.354726, "energy": 25.660062, "activity_lines": [ 10.923262, 10.991509, 10.867812, 10.687378 ] }, { "date": "2024-11-15", "close": 11.00982, "volume": 388328, "typical_volume": 431424.45, "trend": 10.45878, "fair_value": 9.409556, "relative_strength": -1.701437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.870874, "energy": 21.183266, "activity_lines": [ 10.936093, 10.989022, 10.895984, 10.72579 ] }, { "date": "2024-11-22", "close": 10.937268, "volume": 278432, "typical_volume": 437083.15, "trend": 10.505393, "fair_value": 9.401633, "relative_strength": -3.893513, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.432072, "energy": 17.171705, "activity_lines": [ 10.933696, 10.971949, 10.913771, 10.756661 ] }, { "date": "2024-11-29", "close": 11.127718, "volume": 283686, "typical_volume": 436225.9, "trend": 10.555429, "fair_value": 9.393134, "relative_strength": -3.270416, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.29579, "energy": 31.824662, "activity_lines": [ 11.027575, 10.994471, 10.946145, 10.796811 ] }, { "date": "2024-12-06", "close": 10.737749, "volume": 369636, "typical_volume": 440367.4, "trend": 10.585446, "fair_value": 9.384564, "relative_strength": -7.289905, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.891643, "energy": 18.73206, "activity_lines": [ 10.95258, 10.944591, 10.938229, 10.808573 ] }, { "date": "2024-12-13", "close": 10.53823, "volume": 412382, "typical_volume": 445374.85, "trend": 10.607756, "fair_value": 9.376452, "relative_strength": -8.278466, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.073652, "energy": 6.540799, "activity_lines": [ 10.793977, 10.863864, 10.909575, 10.805527 ] }, { "date": "2024-12-20", "close": 10.024346, "volume": 686764, "typical_volume": 451947.7, "trend": 10.616465, "fair_value": 9.367752, "relative_strength": -10.886373, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -34.179155, "energy": 37.979912, "activity_lines": [ 10.51204, 10.700883, 10.831024, 10.767888 ] }, { "date": "2024-12-27", "close": 10.170155, "volume": 660202, "typical_volume": 461270.95, "trend": 10.633561, "fair_value": 9.359839, "relative_strength": -9.966077, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.147568, "energy": 49.246534, "activity_lines": [ 10.344404, 10.584773, 10.768149, 10.739093 ] }, { "date": "2025-01-03", "close": 10.224833, "volume": 554488, "typical_volume": 466530.5, "trend": 10.648071, "fair_value": 9.352817, "relative_strength": -8.735139, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.386206, "energy": 56.976116, "activity_lines": [ 10.246135, 10.501495, 10.71126, 10.712724 ] }, { "date": "2025-01-10", "close": 9.91499, "volume": 383410, "typical_volume": 469493.65, "trend": 10.640037, "fair_value": 9.344375, "relative_strength": -9.468202, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.760023, "energy": 65.169159, "activity_lines": [ 10.104778, 10.367693, 10.625678, 10.665428 ] }, { "date": "2025-01-17", "close": 10.117148, "volume": 373895, "typical_volume": 462850.8, "trend": 10.636084, "fair_value": 9.339104, "relative_strength": -10.041271, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.841553, "energy": 63.253986, "activity_lines": [ 10.085657, 10.280943, 10.56194, 10.631693 ] }, { "date": "2025-01-24", "close": 10.065857, "volume": 430470, "typical_volume": 462521.5, "trend": 10.628944, "fair_value": 9.334639, "relative_strength": -11.775667, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.740786, "energy": 60.440942, "activity_lines": [ 10.077511, 10.205603, 10.496606, 10.594905 ] }, { "date": "2025-01-31", "close": 10.120811, "volume": 529658, "typical_volume": 463036.25, "trend": 10.626589, "fair_value": 9.32949, "relative_strength": -10.163645, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.948836, "energy": 52.461153, "activity_lines": [ 10.084916, 10.157418, 10.440636, 10.562122 ] }, { "date": "2025-02-07", "close": 10.276516, "volume": 442296, "typical_volume": 457480.05, "trend": 10.620267, "fair_value": 9.325389, "relative_strength": -8.438685, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.315774, "energy": 39.398965, "activity_lines": [ 10.147512, 10.152388, 10.404684, 10.539537 ] }, { "date": "2025-02-14", "close": 10.299872, "volume": 730270, "typical_volume": 471918.2, "trend": 10.617822, "fair_value": 9.323433, "relative_strength": -9.326568, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.706672, "energy": 29.540289, "activity_lines": [ 10.214448, 10.16708, 10.374617, 10.518866 ] }, { "date": "2025-02-21", "close": 10.281463, "volume": 747241, "typical_volume": 485243.5, "trend": 10.615951, "fair_value": 9.322102, "relative_strength": -7.823603, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.334542, "energy": 23.437646, "activity_lines": [ 10.249589, 10.186387, 10.346303, 10.497165 ] }, { "date": "2025-02-28", "close": 10.272258, "volume": 772728, "typical_volume": 504120.05, "trend": 10.611695, "fair_value": 9.320118, "relative_strength": -6.849226, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -35.74618, "energy": 20.362907, "activity_lines": [ 10.270707, 10.208689, 10.321264, 10.474992 ] }, { "date": "2025-03-07", "close": 9.977713, "volume": 1008644, "typical_volume": 535823.7, "trend": 10.599829, "fair_value": 9.319861, "relative_strength": -6.507593, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.355396, "energy": 30.581676, "activity_lines": [ 10.179883, 10.172929, 10.272325, 10.434089 ] }, { "date": "2025-03-14", "close": 9.909047, "volume": 574053, "typical_volume": 534941.15, "trend": 10.583587, "fair_value": 9.319229, "relative_strength": -4.821128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.281739, "energy": 45.605259, "activity_lines": [ 10.075711, 10.128184, 10.223758, 10.389523 ] }, { "date": "2025-03-21", "close": 10.029419, "volume": 654712, "typical_volume": 542509.7, "trend": 10.569269, "fair_value": 9.321457, "relative_strength": -4.009827, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.791222, "energy": 55.205157, "activity_lines": [ 10.03616, 10.111066, 10.18968, 10.35377 ] }, { "date": "2025-03-28", "close": 9.936897, "volume": 528471, "typical_volume": 540488.3, "trend": 10.540236, "fair_value": 9.321054, "relative_strength": -3.386323, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.335313, "energy": 64.918133, "activity_lines": [ 9.983799, 10.075045, 10.148942, 10.312972 ] }, { "date": "2025-04-04", "close": 9.853626, "volume": 684644, "typical_volume": 555304.1, "trend": 10.504253, "fair_value": 9.322353, "relative_strength": 5.303483, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.189813, "energy": 63.873129, "activity_lines": [ 9.926652, 10.027162, 10.106563, 10.268675 ] }, { "date": "2025-04-11", "close": 9.270736, "volume": 1277069, "typical_volume": 605235.95, "trend": 10.439595, "fair_value": 9.32317, "relative_strength": -6.060563, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.198882, "energy": 76.981918, "activity_lines": [ 9.703117, 9.877157, 10.014177, 10.189093 ] }, { "date": "2025-04-18", "close": 9.340386, "volume": 422198, "typical_volume": 612161.55, "trend": 10.382764, "fair_value": 9.322787, "relative_strength": -3.795526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.035803, "energy": 84.164987, "activity_lines": [ 9.549931, 9.755272, 9.936359, 10.118176 ] }, { "date": "2025-04-25", "close": 9.49854, "volume": 939904, "typical_volume": 640674.95, "trend": 10.331506, "fair_value": 9.324316, "relative_strength": -6.300009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.945615, "energy": 77.414, "activity_lines": [ 9.487373, 9.679162, 9.882115, 10.061129 ] }, { "date": "2025-05-02", "close": 9.572966, "volume": 573006, "typical_volume": 648706.15, "trend": 10.278833, "fair_value": 9.329914, "relative_strength": -8.042689, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.278444, "energy": 73.134475, "activity_lines": [ 9.485016, 9.631155, 9.84086, 10.012191 ] }, { "date": "2025-05-09", "close": 9.675301, "volume": 317341, "typical_volume": 630235.0, "trend": 10.229871, "fair_value": 9.336215, "relative_strength": -6.466975, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.064495, "energy": 49.812727, "activity_lines": [ 9.541033, 9.614635, 9.813948, 9.973254 ] }, { "date": "2025-05-16", "close": 9.684994, "volume": 373740, "typical_volume": 615911.9, "trend": 10.171732, "fair_value": 9.342804, "relative_strength": -10.837144, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.402373, "energy": 35.096404, "activity_lines": [ 9.612169, 9.610732, 9.789621, 9.9381 ] }, { "date": "2025-05-23", "close": 9.493259, "volume": 593012, "typical_volume": 617838.1, "trend": 10.136693, "fair_value": 9.341502, "relative_strength": -10.109208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.951929, "energy": 33.383549, "activity_lines": [ 9.591776, 9.577289, 9.749344, 9.894328 ] }, { "date": "2025-05-30", "close": 9.605494, "volume": 284907, "typical_volume": 612912.95, "trend": 10.107501, "fair_value": 9.340919, "relative_strength": -10.420575, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.438115, "energy": 27.324676, "activity_lines": [ 9.598604, 9.571813, 9.72324, 9.860057 ] }, { "date": "2025-06-06", "close": 9.493259, "volume": 515151, "typical_volume": 619975.75, "trend": 10.048689, "fair_value": 9.341771, "relative_strength": -12.656858, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.766941, "energy": 32.211675, "activity_lines": [ 9.560889, 9.553639, 9.68792, 9.820428 ] }, { "date": "2025-06-13", "close": 9.563873, "volume": 455119, "typical_volume": 621208.2, "trend": 10.000491, "fair_value": 9.345695, "relative_strength": -11.416733, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.891753, "energy": 34.393846, "activity_lines": [ 9.552026, 9.556369, 9.662296, 9.78915 ] }, { "date": "2025-06-20", "close": 9.573277, "volume": 452354, "typical_volume": 617343.0, "trend": 9.955024, "fair_value": 9.347366, "relative_strength": -10.910925, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.891555, "energy": 31.005371, "activity_lines": [ 9.553727, 9.566077, 9.639959, 9.761588 ] }, { "date": "2025-06-27", "close": 9.601489, "volume": 422620, "typical_volume": 616359.2, "trend": 9.90415, "fair_value": 9.347558, "relative_strength": -13.322551, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.207375, "energy": 28.623, "activity_lines": [ 9.572279, 9.575414, 9.622915, 9.738779 ] }, { "date": "2025-07-04", "close": 9.864802, "volume": 584171, "typical_volume": 609054.25, "trend": 9.875052, "fair_value": 9.348985, "relative_strength": -12.165653, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.8188, "energy": 11.03271, "activity_lines": [ 9.671387, 9.627879, 9.634164, 9.73624 ] }, { "date": "2025-07-11", "close": 9.775464, "volume": 431000, "typical_volume": 593242.2, "trend": 9.849626, "fair_value": 9.348955, "relative_strength": -12.416558, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.854085, "energy": 13.090241, "activity_lines": [ 9.723428, 9.657442, 9.638976, 9.729815 ] }, { "date": "2025-07-18", "close": 9.596175, "volume": 437559, "typical_volume": 576483.75, "trend": 9.835354, "fair_value": 9.349392, "relative_strength": -14.211529, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.321363, "energy": 15.036558, "activity_lines": [ 9.696893, 9.650724, 9.629122, 9.713464 ] }, { "date": "2025-07-25", "close": 9.67181, "volume": 777304, "typical_volume": 564916.75, "trend": 9.818743, "fair_value": 9.348042, "relative_strength": -14.454261, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.910157, "energy": 13.594455, "activity_lines": [ 9.693416, 9.659197, 9.629691, 9.702913 ] }, { "date": "2025-08-01", "close": 9.775808, "volume": 640852, "typical_volume": 568256.7, "trend": 9.803775, "fair_value": 9.344506, "relative_strength": -11.00637, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.962172, "energy": 7.591868, "activity_lines": [ 9.718036, 9.686818, 9.641621, 9.700143 ] }, { "date": "2025-08-08", "close": 9.879806, "volume": 442927, "typical_volume": 557667.45, "trend": 9.802602, "fair_value": 9.344108, "relative_strength": -11.846221, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 5.142859, "energy": 12.076832, "activity_lines": [ 9.7657, 9.728211, 9.66409, 9.705048 ] }, { "date": "2025-08-15", "close": 10.017367, "volume": 589269, "typical_volume": 560707.35, "trend": 9.799276, "fair_value": 9.345149, "relative_strength": -11.1562, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 33.431686, "energy": 42.010237, "activity_lines": [ 9.858219, 9.789628, 9.700373, 9.718904 ] }, { "date": "2025-08-22", "close": 10.083896, "volume": 491852, "typical_volume": 551067.75, "trend": 9.799877, "fair_value": 9.348086, "relative_strength": -10.510006, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 45.492153, "energy": 60.492026, "activity_lines": [ 9.956786, 9.853611, 9.742609, 9.737266 ] }, { "date": "2025-08-29", "close": 10.197946, "volume": 554675, "typical_volume": 514948.05, "trend": 9.802449, "fair_value": 9.351805, "relative_strength": -9.100749, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.306787, "energy": 69.538104, "activity_lines": [ 10.060856, 9.928876, 9.79461, 9.762948 ] }, { "date": "2025-09-05", "close": 10.606624, "volume": 497015, "typical_volume": 518688.9, "trend": 9.813452, "fair_value": 9.359967, "relative_strength": -5.349126, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 91.658492, "energy": 90.038209, "activity_lines": [ 10.266075, 10.067088, 9.881117, 9.81483 ] }, { "date": "2025-09-12", "close": 11.205385, "volume": 466652, "typical_volume": 495026.3, "trend": 9.843636, "fair_value": 9.375339, "relative_strength": -1.20714, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.236461, "energy": 97.936264, "activity_lines": [ 10.615495, 10.295891, 10.01862, 9.904632 ] }, { "date": "2025-09-19", "close": 10.962914, "volume": 348333, "typical_volume": 483792.65, "trend": 9.866351, "fair_value": 9.393176, "relative_strength": -4.188332, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.348554, "energy": 93.093445, "activity_lines": [ 10.795718, 10.456234, 10.124902, 9.976844 ] }, { "date": "2025-09-26", "close": 10.657327, "volume": 569293, "typical_volume": 496390.25, "trend": 9.879187, "fair_value": 9.409257, "relative_strength": -6.234358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.86499, "energy": 87.320329, "activity_lines": [ 10.811043, 10.539426, 10.195462, 10.027875 ] }, { "date": "2025-10-03", "close": 10.571381, "volume": 497257, "typical_volume": 502566.1, "trend": 9.898976, "fair_value": 9.424024, "relative_strength": -7.613743, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.888346, "energy": 77.805287, "activity_lines": [ 10.75949, 10.587697, 10.253161, 10.072532 ] }, { "date": "2025-10-10", "close": 10.246695, "volume": 748087, "typical_volume": 510319.85, "trend": 9.910231, "fair_value": 9.43887, "relative_strength": -7.840407, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.753159, "energy": 45.83204, "activity_lines": [ 10.574813, 10.560579, 10.275716, 10.094966 ] }, { "date": "2025-10-17", "close": 10.299401, "volume": 378178, "typical_volume": 514983.4, "trend": 9.91923, "fair_value": 9.454973, "relative_strength": -8.508801, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 40.877334, "energy": 25.735254, "activity_lines": [ 10.4317, 10.534482, 10.299702, 10.120074 ] }, { "date": "2025-10-24", "close": 10.520171, "volume": 447089, "typical_volume": 511580.3, "trend": 9.938672, "fair_value": 9.473462, "relative_strength": -8.019753, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.982321, "energy": 25.117575, "activity_lines": [ 10.422576, 10.540896, 10.341411, 10.158844 ] }, { "date": "2025-10-31", "close": 10.491375, "volume": 688878, "typical_volume": 523268.25, "trend": 9.959931, "fair_value": 9.491818, "relative_strength": -8.585823, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.361665, "energy": 23.574136, "activity_lines": [ 10.433369, 10.532933, 10.375486, 10.194502 ] }, { "date": "2025-11-07", "close": 10.37619, "volume": 590344, "typical_volume": 530167.75, "trend": 9.996779, "fair_value": 9.506779, "relative_strength": -7.717246, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.286243, "energy": 19.476257, "activity_lines": [ 10.416831, 10.496618, 10.394175, 10.221358 ] }, { "date": "2025-11-14", "close": 10.515851, "volume": 372784, "typical_volume": 527675.95, "trend": 10.035961, "fair_value": 9.521421, "relative_strength": -6.24581, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.404775, "energy": 24.525686, "activity_lines": [ 10.459859, 10.482455, 10.422342, 10.254846 ] }, { "date": "2025-11-21", "close": 10.101006, "volume": 594827, "typical_volume": 528208.75, "trend": 10.056044, "fair_value": 9.531659, "relative_strength": -7.835296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.322889, "energy": 7.938697, "activity_lines": [ 10.346662, 10.394516, 10.406645, 10.259043 ] }, { "date": "2025-11-28", "close": 10.255367, "volume": 478059, "typical_volume": 530561.7, "trend": 10.07879, "fair_value": 9.542733, "relative_strength": -9.376208, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.956065, "energy": 11.965883, "activity_lines": [ 10.298144, 10.354723, 10.404525, 10.271902 ] }, { "date": "2025-12-05", "close": 10.477261, "volume": 824422, "typical_volume": 549904.85, "trend": 10.105522, "fair_value": 9.556255, "relative_strength": -7.446452, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.516073, "energy": 12.359656, "activity_lines": [ 10.341246, 10.368138, 10.421252, 10.29761 ] }, { "date": "2025-12-12", "close": 10.448318, "volume": 553805, "typical_volume": 538729.9, "trend": 10.130966, "fair_value": 9.568851, "relative_strength": -6.917767, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.475248, "energy": 12.278927, "activity_lines": [ 10.37564, 10.379565, 10.431027, 10.319726 ] }, { "date": "2025-12-19", "close": 10.390433, "volume": 690567, "typical_volume": 541215.65, "trend": 10.160872, "fair_value": 9.581285, "relative_strength": -7.341257, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.753417, "energy": 15.845818, "activity_lines": [ 10.385931, 10.382705, 10.431592, 10.336466 ] }, { "date": "2025-12-26", "close": 10.308561, "volume": 819184, "typical_volume": 560028.5, "trend": 10.184308, "fair_value": 9.590625, "relative_strength": -9.11551, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.333491, "energy": 14.710004, "activity_lines": [ 10.377292, 10.368346, 10.421433, 10.345994 ] }, { "date": "2026-01-02", "close": 10.357049, "volume": 1015743, "typical_volume": 581352.2, "trend": 10.213101, "fair_value": 9.599857, "relative_strength": -7.483011, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.475129, "energy": 12.212789, "activity_lines": [ 10.370979, 10.362636, 10.413849, 10.357138 ] }, { "date": "2026-01-09", "close": 10.580094, "volume": 350326, "typical_volume": 574275.9, "trend": 10.246975, "fair_value": 9.60902, "relative_strength": -6.751928, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.859224, "energy": 19.427449, "activity_lines": [ 10.432236, 10.400445, 10.425891, 10.380815 ] }, { "date": "2026-01-16", "close": 10.725558, "volume": 348353, "typical_volume": 563959.8, "trend": 10.285384, "fair_value": 9.618958, "relative_strength": -4.959212, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 58.650759, "energy": 36.451139, "activity_lines": [ 10.535125, 10.46309, 10.449423, 10.411692 ] }, { "date": "2026-01-23", "close": 10.692447, "volume": 421911, "typical_volume": 560204.6, "trend": 10.321749, "fair_value": 9.627841, "relative_strength": -4.779765, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 55.957402, "energy": 49.249795, "activity_lines": [ 10.608494, 10.513362, 10.46729, 10.437954 ] }, { "date": "2026-01-30", "close": 10.789917, "volume": 443407, "typical_volume": 559042.35, "trend": 10.352587, "fair_value": 9.637665, "relative_strength": -4.131456, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.344626, "energy": 61.694811, "activity_lines": [ 10.694219, 10.578145, 10.494031, 10.468158 ] }, { "date": "2026-02-06", "close": 10.941482, "volume": 626620, "typical_volume": 572956.7, "trend": 10.391454, "fair_value": 9.648197, "relative_strength": -2.426001, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.248472, "energy": 70.433852, "activity_lines": [ 10.798375, 10.65796, 10.537185, 10.506152 ] }, { "date": "2026-02-13", "close": 10.951278, "volume": 366433, "typical_volume": 562813.7, "trend": 10.436624, "fair_value": 9.660295, "relative_strength": -0.947444, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.782386, "energy": 71.344975, "activity_lines": [ 10.866835, 10.727081, 10.581373, 10.542269 ] }, { "date": "2026-02-20", "close": 10.843528, "volume": 230752, "typical_volume": 549488.45, "trend": 10.475681, "fair_value": 9.673341, "relative_strength": -2.829073, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.130647, "energy": 68.872716, "activity_lines": [ 10.874632, 10.767993, 10.613901, 10.568521 ] }, { "date": "2026-02-27", "close": 10.853324, "volume": 494231, "typical_volume": 536795.65, "trend": 10.511598, "fair_value": 9.687877, "relative_strength": -2.059344, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.712396, "energy": 60.588175, "activity_lines": [ 10.87783, 10.8035, 10.646065, 10.592885 ] }, { "date": "2026-03-06", "close": 10.706392, "volume": 560747, "typical_volume": 545924.1, "trend": 10.539151, "fair_value": 9.702317, "relative_strength": -1.240987, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.944645, "energy": 38.954298, "activity_lines": [ 10.821325, 10.803876, 10.661347, 10.605452 ] }, { "date": "2026-03-13", "close": 10.623621, "volume": 396749, "typical_volume": 543407.1, "trend": 10.55936, "fair_value": 9.715542, "relative_strength": -0.300837, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 39.261356, "energy": 22.894989, "activity_lines": [ 10.742799, 10.78197, 10.666808, 10.610902 ] }, { "date": "2026-03-20", "close": 10.36763, "volume": 463938, "typical_volume": 532160.1, "trend": 10.568818, "fair_value": 9.726967, "relative_strength": -0.68252, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 5.976664, "energy": 14.26778, "activity_lines": [ 10.600132, 10.708672, 10.647396, 10.598532 ] }, { "date": "2026-03-27", "close": 10.239635, "volume": 486643, "typical_volume": 526975.05, "trend": 10.570207, "fair_value": 9.736722, "relative_strength": 0.564402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -34.609703, "energy": 35.653363, "activity_lines": [ 10.453711, 10.615966, 10.616384, 10.577295 ] }, { "date": "2026-04-03", "close": 10.397168, "volume": 528531, "typical_volume": 534762.4, "trend": 10.563225, "fair_value": 9.747221, "relative_strength": -0.813448, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -19.915412, "energy": 32.365592, "activity_lines": [ 10.40006, 10.560738, 10.601025, 10.566131 ] }, { "date": "2026-04-10", "close": 10.613775, "volume": 780765, "typical_volume": 544059.3, "trend": 10.543505, "fair_value": 9.759586, "relative_strength": -2.039614, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.262683, "energy": 26.226198, "activity_lines": [ 10.449022, 10.550261, 10.60686, 10.569392 ] }, { "date": "2026-04-17", "close": 10.619446, "volume": 381844, "typical_volume": 539248.55, "trend": 10.532056, "fair_value": 9.773052, "relative_strength": -5.881965, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -9.219517, "energy": 15.502829, "activity_lines": [ 10.506049, 10.544018, 10.610794, 10.574292 ] }, { "date": "2026-04-24", "close": 10.441301, "volume": 490650, "typical_volume": 522559.95, "trend": 10.524855, "fair_value": 9.784896, "relative_strength": -7.637793, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.117089, "energy": 10.270283, "activity_lines": [ 10.503972, 10.51124, 10.596028, 10.568437 ] }, { "date": "2026-05-01", "close": 10.451198, "volume": 612687, "typical_volume": 525504.05, "trend": 10.520849, "fair_value": 9.796112, "relative_strength": -8.122939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.134344, "energy": 4.059218, "activity_lines": [ 10.500283, 10.489534, 10.582376, 10.563685 ] }, { "date": "2026-05-08", "close": 10.599652, "volume": 693229, "typical_volume": 525637.15, "trend": 10.532614, "fair_value": 9.808862, "relative_strength": -8.630931, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 6.805439, "energy": 5.293824, "activity_lines": [ 10.531975, 10.501952, 10.582848, 10.568769 ] }, { "date": "2026-05-15", "close": 10.634787, "volume": 453490, "typical_volume": 507352.45, "trend": 10.543794, "fair_value": 9.822426, "relative_strength": -8.28494, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 13.786105, "energy": 7.175395, "activity_lines": [ 10.561879, 10.525372, 10.58567, 10.57536 ] }, { "date": "2026-05-22", "close": 10.485561, "volume": 502490, "typical_volume": 481689.8, "trend": 10.54264, "fair_value": 9.836424, "relative_strength": -10.078918, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 3.515871, "energy": 3.581544, "activity_lines": [ 10.54064, 10.522961, 10.572727, 10.571603 ] }, { "date": "2026-05-29", "close": 10.694477, "volume": 397462, "typical_volume": 484046.6, "trend": 10.54941, "fair_value": 9.850798, "relative_strength": -9.339847, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 28.395918, "energy": 15.970403, "activity_lines": [ 10.597966, 10.561045, 10.579069, 10.581399 ] }, { "date": "2026-06-05", "close": 10.604942, "volume": 482728, "typical_volume": 490765.35, "trend": 10.557035, "fair_value": 9.86385, "relative_strength": -7.603672, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 31.235384, "energy": 16.357581, "activity_lines": [ 10.608568, 10.576907, 10.576339, 10.584982 ] }, { "date": "2026-06-12", "close": 10.630401, "volume": 451295, "typical_volume": 492234.55, "trend": 10.560854, "fair_value": 9.877492, "relative_strength": -7.692735, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.260316, "energy": 17.199902, "activity_lines": [ 10.617408, 10.590756, 10.576607, 10.589715 ] }, { "date": "2026-06-19", "close": 10.625896, "volume": 598399, "typical_volume": 499984.15, "trend": 10.57835, "fair_value": 9.890461, "relative_strength": -8.348495, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.70857, "energy": 13.197072, "activity_lines": [ 10.622695, 10.599545, 10.576743, 10.593912 ] }, { "date": "2026-06-26", "close": 10.765186, "volume": 478296, "typical_volume": 492567.95, "trend": 10.595344, "fair_value": 9.904805, "relative_strength": -4.765931, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 27.703033, "energy": 25.953219, "activity_lines": [ 10.675005, 10.63344, 10.590925, 10.605966 ] }, { "date": "2026-07-03", "close": 10.944275, "volume": 661985, "typical_volume": 507345.55, "trend": 10.610911, "fair_value": 9.920781, "relative_strength": -5.086552, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.960075, "energy": 53.404373, "activity_lines": [ 10.76837, 10.697246, 10.623002, 10.628477 ] }, { "date": "2026-07-10", "close": 10.884579, "volume": 341783, "typical_volume": 512897.1, "trend": 10.625453, "fair_value": 9.93476, "relative_strength": -6.710054, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.11103, "energy": 62.017462, "activity_lines": [ 10.825183, 10.741054, 10.649428, 10.646133 ] }, { "date": "2026-07-17", "close": 10.8, "volume": 461412, "typical_volume": 511256.15, "trend": 10.639105, "fair_value": 9.948898, "relative_strength": -5.873998, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.594779, "energy": 61.436248, "activity_lines": [ 10.835161, 10.761604, 10.667603, 10.657394 ] }, { "date": "2026-07-24", "close": 10.46, "volume": 2477814, "typical_volume": 607109.5, "trend": 10.644153, "fair_value": 9.960803, "relative_strength": -8.162814, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.375615, "energy": 21.726323, "activity_lines": [ 10.720498, 10.716693, 10.653651, 10.645839 ] }, { "date": "2026-07-31", "close": 10.1, "volume": 1554142, "typical_volume": 664979.15, "trend": 10.635585, "fair_value": 9.971693, "relative_strength": -12.024124, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.798003, "energy": 36.51898, "activity_lines": [ 10.496896, 10.609505, 10.606587, 10.610732 ] }, { "date": "2026-08-07", "close": 10.26, "volume": 1472669, "typical_volume": 715415.7, "trend": 10.624915, "fair_value": 9.982962, "relative_strength": -13.400993, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.01871, "energy": 52.545277, "activity_lines": [ 10.370972, 10.538419, 10.577254, 10.586501 ] } ], "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." } } }