{ "ticker": { "uuid": "d3cfec12-8669-46d2-a23c-56943c517853", "symbol": "EMOT", "name": "FIRST TRUST S&P 500 ECONOMIC MOAT 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 87.108, "architecture_energy": 70.339, "architecture_maturity": 51.172, "architecture_confidence": 76.531, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 9.08, "rotation_up": 62.06, "upward_expansion": 85.33, "deceleration": 64.31, "rotation_down": 25.39, "downward_expansion": 12.0 }, "activity_lines": [ 26.874927, 26.690024, 26.205655, 25.742857 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 27.471, "trend_reference": 25.267981, "distance_from_trend": 0.087186, "trend_direction": "Improving", "fair_value": 22.708251, "distance_from_fair_value": 0.209737, "fair_value_direction": "Improving", "relative_strength": -0.255348, "relative_strength_direction": "Improving", "price_momentum": 0.102088, "excess_performance": -0.023537, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087186, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037711, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.209737, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.076717, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.002553, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.04833, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.102088, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.698102, "read": "Supply-led" } ], "volume": { "latest": 1278, "relative_activity": 0.548027, "balance": 0.698102, "dry_up": 0.371462, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.01839, "annualized_volatility": 0.122075, "from_high_reference": 0.0, "from_low_reference": 0.201728 }, "levels": { "trend_reference": 25.267981, "fair_value_reference": 22.708251, "structural_low": 22.9652, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.026506, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.013617, "regime_survival": 0.833333, "best_return": 0.045903, "worst_return": -0.088134, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.012069, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": 0.02529, "regime_survival": 0.0, "best_return": -0.012069, "worst_return": -0.012069, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": 0.128461, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.032471, "regime_survival": 1.0, "best_return": 0.128461, "worst_return": 0.128461, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-02", "end": "2026-03-13", "tenure": "Developing", "return": 0.012237, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-04-17", "tenure": "Developing", "return": 0.057465, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-24", "end": "2026-05-08", "tenure": "New", "return": 0.016512, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-15", "end": "2026-08-07", "tenure": "Established", "return": 0.091263, "active": true } ], "chart_path": [ { "date": "2024-06-28", "close": 19.581687, "volume": 5030, "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": "2024-07-05", "close": 19.721204, "volume": 4155, "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": "2024-07-12", "close": 19.872438, "volume": 393, "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": "2024-07-19", "close": 19.523695, "volume": 2661, "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": "2024-07-26", "close": 19.508631, "volume": 2821, "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": "2024-08-02", "close": 19.323626, "volume": 57365, "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": "2024-08-09", "close": 19.323429, "volume": 1196, "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": "2024-08-16", "close": 20.137884, "volume": 12837, "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": "2024-08-23", "close": 20.301327, "volume": 39276, "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": "2024-08-30", "close": 20.438382, "volume": 47254, "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": "2024-09-06", "close": 19.769942, "volume": 8419, "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": "2024-09-13", "close": 20.391515, "volume": 54945, "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": "2024-09-20", "close": 20.456499, "volume": 30845, "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": "2024-09-27", "close": 20.853683, "volume": 9715, "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": "2024-10-04", "close": 20.742818, "volume": 5730, "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": "2024-10-11", "close": 21.011415, "volume": 11411, "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": "2024-10-18", "close": 20.915417, "volume": 5182, "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": "2024-10-25", "close": 20.573074, "volume": 2211, "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": "2024-11-01", "close": 20.321511, "volume": 4917, "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": "2024-11-08", "close": 21.14788, "volume": 43894, "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": "2024-11-15", "close": 20.770682, "volume": 1417, "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": "2024-11-22", "close": 21.109875, "volume": 5703, "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": "2024-11-29", "close": 21.365672, "volume": 2778, "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": "2024-12-06", "close": 21.558652, "volume": 26320, "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": "2024-12-13", "close": 21.380047, "volume": 13722, "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": "2024-12-20", "close": 20.861667, "volume": 6229, "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": "2024-12-27", "close": 21.051588, "volume": 2095, "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": "2025-01-03", "close": 20.944671, "volume": 2878, "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": "2025-01-10", "close": 20.638545, "volume": 12994, "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": "2025-01-17", "close": 21.220659, "volume": 43864, "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": "2025-01-24", "close": 21.676094, "volume": 743, "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": "2025-01-31", "close": 21.660383, "volume": 6363, "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": "2025-02-07", "close": 21.897735, "volume": 28319, "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": "2025-02-14", "close": 22.182419, "volume": 1355, "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": "2025-02-21", "close": 22.045462, "volume": 9321, "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": "2025-02-28", "close": 21.944869, "volume": 3108, "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": "2025-03-07", "close": 21.597339, "volume": 7443, "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": "2025-03-14", "close": 20.819276, "volume": 4046, "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": "2025-03-21", "close": 20.853169, "volume": 4058, "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": "2025-03-28", "close": 20.705244, "volume": 3139, "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": "2025-04-04", "close": 19.110679, "volume": 2224, "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": "2025-04-11", "close": 20.027675, "volume": 5318, "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": "2025-04-18", "close": 19.886371, "volume": 171, "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": "2025-04-25", "close": 20.622438, "volume": 11291, "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": "2025-05-02", "close": 21.131924, "volume": 10873, "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": "2025-05-09", "close": 21.03064, "volume": 11346, "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": "2025-05-16", "close": 22.05979, "volume": 1716, "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": "2025-05-23", "close": 21.57066, "volume": 114, "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": "2025-05-30", "close": 21.758901, "volume": 10236, "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": "2025-06-06", "close": 22.114632, "volume": 4068, "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": "2025-06-13", "close": 22.032616, "volume": 2602, "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": "2025-06-20", "close": 21.904652, "volume": 3187, "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": "2025-06-27", "close": 22.534282, "volume": 5524, "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": "2025-07-04", "close": 23.039945, "volume": 1855, "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": "2025-07-11", "close": 22.789887, "volume": 2851, "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": "2025-07-18", "close": 22.777904, "volume": 1539, "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": "2025-07-25", "close": 23.035093, "volume": 4509, "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": "2025-08-01", "close": 22.474665, "volume": 12166, "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": "2025-08-08", "close": 22.959332, "volume": 13102, "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": "2025-08-15", "close": 23.067576, "volume": 6377, "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": "2025-08-22", "close": 23.20127, "volume": 5689, "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": "2025-08-29", "close": 23.136503, "volume": 12771, "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": "2025-09-05", "close": 23.261977, "volume": 1777, "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": "2025-09-12", "close": 23.646325, "volume": 1015, "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": "2025-09-19", "close": 23.797746, "volume": 33038, "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": "2025-09-26", "close": 23.61888, "volume": 960, "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": "2025-10-03", "close": 23.831258, "volume": 15394, "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": "2025-10-10", "close": 23.113935, "volume": 7027, "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": "2025-10-17", "close": 23.743726, "volume": 2152, "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": "2025-10-24", "close": 23.913728, "volume": 5007, "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": "2025-10-31", "close": 23.697777, "volume": 18053, "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": "2025-11-07", "close": 23.355689, "volume": 5972, "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": "2025-11-14", "close": 23.336436, "volume": 39231, "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": "2025-11-21", "close": 23.197397, "volume": 9499, "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": "2025-11-28", "close": 23.897353, "volume": 16821, "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": "2025-12-05", "close": 23.976648, "volume": 11994, "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": "2025-12-12", "close": 23.829075, "volume": 20825, "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": "2025-12-19", "close": 23.776555, "volume": 12766, "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": "2025-12-26", "close": 23.997299, "volume": 9999, "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": "2026-01-02", "close": 23.698821, "volume": 5495, "typical_volume": 11774.25, "trend": 23.288145, "fair_value": 21.726977, "relative_strength": -4.765635, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.147911, "energy": 34.617663, "activity_lines": [ 23.829851, 23.755174, 23.682256, 23.544369 ] }, { "date": "2026-01-09", "close": 24.418257, "volume": 20786, "typical_volume": 12529.1, "trend": 23.367666, "fair_value": 21.760203, "relative_strength": -3.375336, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.725496, "energy": 54.752663, "activity_lines": [ 24.017377, 23.890074, 23.76005, 23.61728 ] }, { "date": "2026-01-16", "close": 24.555985, "volume": 73766, "typical_volume": 15578.85, "trend": 23.456044, "fair_value": 21.794298, "relative_strength": -2.469931, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.954868, "energy": 75.345476, "activity_lines": [ 24.221371, 24.036917, 23.845165, 23.693946 ] }, { "date": "2026-01-23", "close": 24.569339, "volume": 22697, "typical_volume": 16624.85, "trend": 23.523879, "fair_value": 21.827732, "relative_strength": -2.050949, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.876658, "energy": 76.550496, "activity_lines": [ 24.381356, 24.164363, 23.924794, 23.765771 ] }, { "date": "2026-01-30", "close": 24.61568, "volume": 9284, "typical_volume": 17038.3, "trend": 23.576404, "fair_value": 21.860922, "relative_strength": -2.211405, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.853976, "energy": 82.117333, "activity_lines": [ 24.503936, 24.277819, 24.00261, 23.83621 ] }, { "date": "2026-02-06", "close": 24.926316, "volume": 6278, "typical_volume": 15700.3, "trend": 23.647618, "fair_value": 21.896985, "relative_strength": -0.742688, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.306046, "energy": 87.23542, "activity_lines": [ 24.688836, 24.421967, 24.105394, 23.923301 ] }, { "date": "2026-02-13", "close": 24.915752, "volume": 4356, "typical_volume": 15870.1, "trend": 23.71888, "fair_value": 21.932087, "relative_strength": 0.520014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.888708, "energy": 84.785071, "activity_lines": [ 24.788382, 24.545486, 24.201798, 24.005116 ] }, { "date": "2026-02-20", "close": 25.096334, "volume": 6963, "typical_volume": 15448.55, "trend": 23.787588, "fair_value": 21.968458, "relative_strength": 0.161729, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.611407, "energy": 87.823448, "activity_lines": [ 24.914955, 24.684764, 24.309225, 24.093984 ] }, { "date": "2026-02-27", "close": 25.288476, "volume": 2263, "typical_volume": 15210.35, "trend": 23.881381, "fair_value": 22.006185, "relative_strength": 1.461619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.983001, "energy": 91.180905, "activity_lines": [ 25.069552, 24.835935, 24.428927, 24.190816 ] }, { "date": "2026-03-06", "close": 24.454233, "volume": 426, "typical_volume": 15124.05, "trend": 23.931212, "fair_value": 22.033691, "relative_strength": 0.183735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.633482, "energy": 56.17103, "activity_lines": [ 24.898126, 24.807936, 24.458823, 24.227774 ] }, { "date": "2026-03-13", "close": 23.988828, "volume": 1368, "typical_volume": 14942.1, "trend": 23.96192, "fair_value": 22.055415, "relative_strength": -0.162014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.472665, "energy": 27.529436, "activity_lines": [ 24.582328, 24.687011, 24.44101, 24.231491 ] }, { "date": "2026-03-20", "close": 23.449375, "volume": 1495, "typical_volume": 14114.2, "trend": 23.97019, "fair_value": 22.070733, "relative_strength": -0.552618, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -2.408228, "energy": 19.60805, "activity_lines": [ 24.149211, 24.46273, 24.371464, 24.198423 ] }, { "date": "2026-03-27", "close": 23.0597, "volume": 1279, "typical_volume": 13879.55, "trend": 23.96763, "fair_value": 22.081483, "relative_strength": 0.098086, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.623693, "energy": 47.784487, "activity_lines": [ 23.683962, 24.185215, 24.265988, 24.139682 ] }, { "date": "2026-04-03", "close": 23.4128, "volume": 1671, "typical_volume": 12001.55, "trend": 23.972657, "fair_value": 22.095798, "relative_strength": -1.604973, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.817243, "energy": 45.59354, "activity_lines": [ 23.472188, 23.999105, 24.195551, 24.103887 ] }, { "date": "2026-04-10", "close": 23.9211, "volume": 855, "typical_volume": 11569.35, "trend": 23.981817, "fair_value": 22.115216, "relative_strength": -2.824227, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.324597, "energy": 46.795568, "activity_lines": [ 23.554892, 23.926442, 24.173159, 24.10056 ] }, { "date": "2026-04-17", "close": 24.7969, "volume": 4910, "typical_volume": 10973.8, "trend": 24.015122, "fair_value": 22.143445, "relative_strength": -3.44966, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 5.324325, "energy": 16.33662, "activity_lines": [ 23.965072, 24.025643, 24.230731, 24.153146 ] }, { "date": "2026-04-24", "close": 24.777723, "volume": 3314, "typical_volume": 10539.8, "trend": 24.05375, "fair_value": 22.170885, "relative_strength": -3.875505, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 46.735265, "energy": 27.969705, "activity_lines": [ 24.314988, 24.123711, 24.282193, 24.202347 ] }, { "date": "2026-05-01", "close": 24.932394, "volume": 729, "typical_volume": 9535.0, "trend": 24.090454, "fair_value": 22.199354, "relative_strength": -4.016761, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 53.658912, "energy": 42.801556, "activity_lines": [ 24.627904, 24.25241, 24.344571, 24.259033 ] }, { "date": "2026-05-08", "close": 25.186852, "volume": 786, "typical_volume": 8936.0, "trend": 24.159552, "fair_value": 22.229839, "relative_strength": -5.088307, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 69.762909, "energy": 54.424764, "activity_lines": [ 24.900794, 24.430356, 24.425929, 24.329769 ] }, { "date": "2026-05-15", "close": 25.17358, "volume": 13047, "typical_volume": 9088.4, "trend": 24.207213, "fair_value": 22.259574, "relative_strength": -5.160086, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.631887, "energy": 72.559877, "activity_lines": [ 25.050989, 24.607736, 24.499307, 24.39519 ] }, { "date": "2026-05-22", "close": 25.960305, "volume": 2090, "typical_volume": 8918.15, "trend": 24.275433, "fair_value": 22.296581, "relative_strength": -2.896123, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.873264, "energy": 84.099058, "activity_lines": [ 25.379927, 24.915077, 24.64201, 24.508292 ] }, { "date": "2026-05-29", "close": 25.926776, "volume": 786, "typical_volume": 7918.15, "trend": 24.349733, "fair_value": 22.332523, "relative_strength": -4.253627, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.847786, "energy": 85.38424, "activity_lines": [ 25.620129, 25.180478, 24.770751, 24.614831 ] }, { "date": "2026-06-05", "close": 25.657051, "volume": 872, "typical_volume": 4273.45, "trend": 24.426445, "fair_value": 22.365117, "relative_strength": -2.684672, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.484328, "energy": 80.36191, "activity_lines": [ 25.693819, 25.351794, 24.86662, 24.699174 ] }, { "date": "2026-06-12", "close": 26.329119, "volume": 3031, "typical_volume": 3290.15, "trend": 24.526201, "fair_value": 22.403602, "relative_strength": -0.603015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.12539, "energy": 87.942664, "activity_lines": [ 25.943221, 25.59808, 25.021253, 24.821927 ] }, { "date": "2026-06-19", "close": 26.237913, "volume": 2606, "typical_volume": 2956.25, "trend": 24.627551, "fair_value": 22.440471, "relative_strength": -1.747002, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.247071, "energy": 83.100075, "activity_lines": [ 26.08607, 25.774758, 25.15882, 24.93236 ] }, { "date": "2026-06-26", "close": 26.2361, "volume": 996, "typical_volume": 2692.15, "trend": 24.70551, "fair_value": 22.47662, "relative_strength": 0.695881, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.066869, "energy": 77.362465, "activity_lines": [ 26.157359, 25.908984, 25.288489, 25.036137 ] }, { "date": "2026-07-03", "close": 26.7432, "volume": 3447, "typical_volume": 2646.7, "trend": 24.797728, "fair_value": 22.51687, "relative_strength": 0.538742, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.210242, "energy": 86.304066, "activity_lines": [ 26.379295, 26.109241, 25.460216, 25.167601 ] }, { "date": "2026-07-10", "close": 26.7832, "volume": 2756, "typical_volume": 2436.35, "trend": 24.896199, "fair_value": 22.556743, "relative_strength": -0.588499, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.865529, "energy": 86.855365, "activity_lines": [ 26.560136, 26.281036, 25.62705, 25.295696 ] }, { "date": "2026-07-17", "close": 26.5114, "volume": 485, "typical_volume": 2347.45, "trend": 24.98736, "fair_value": 22.59336, "relative_strength": 0.001718, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.285729, "energy": 82.749162, "activity_lines": [ 26.575301, 26.369762, 25.759966, 25.399903 ] }, { "date": "2026-07-24", "close": 26.2851, "volume": 698, "typical_volume": 2361.05, "trend": 25.06362, "fair_value": 22.627229, "relative_strength": -0.213936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.090391, "energy": 68.296263, "activity_lines": [ 26.50288, 26.393259, 25.865506, 25.483628 ] }, { "date": "2026-07-31", "close": 26.7769, "volume": 1004, "typical_volume": 2342.85, "trend": 25.166223, "fair_value": 22.664953, "relative_strength": 0.589081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.094418, "energy": 63.027755, "activity_lines": [ 26.591247, 26.485965, 26.009166, 25.594162 ] }, { "date": "2026-08-07", "close": 27.471, "volume": 1278, "typical_volume": 2332.0, "trend": 25.267981, "fair_value": 22.708251, "relative_strength": -0.255348, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.108311, "energy": 70.338608, "activity_lines": [ 26.874927, 26.690024, 26.205655, 25.742857 ] } ], "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." } } }