{ "ticker": { "uuid": "d4aff2b7-9577-4076-8dd4-18e8b6ff8585", "symbol": "HAVELLS", "name": "Havells India Limited", "exchange": "NSI", "country": "IN", "assetType": "equity" }, "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": "^NSEI", "stage": 4, "stage_name": "Declining", "phase": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 57.549, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": 19.799, "architecture_energy": 31.656, "architecture_maturity": 100.0, "architecture_confidence": 57.09, "architecture_tenure": "Extended", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 43.74, "rotation_up": 51.94, "upward_expansion": 37.39, "deceleration": 36.9, "rotation_down": 14.08, "downward_expansion": 43.39 }, "activity_lines": [ 1248.353353, 1219.756383, 1210.080867, 1226.527416 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 1288.0, "trend_reference": 1256.678463, "distance_from_trend": 0.024924, "trend_direction": "Weakening", "fair_value": 1487.226292, "distance_from_fair_value": -0.133958, "fair_value_direction": "Improving", "relative_strength": -3.640192, "relative_strength_direction": "Improving", "price_momentum": -0.044708, "excess_performance": -0.000999, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024924, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.057042, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.133958, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.029977, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.036402, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.059786, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.044708, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.162904, "read": "Demand-led" } ], "volume": { "latest": 6802315, "relative_activity": 1.409298, "balance": 1.162904, "dry_up": 1.417913, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.033175, "annualized_volatility": 0.211455, "from_high_reference": -0.199075, "from_low_reference": 0.135302 }, "levels": { "trend_reference": 1256.678463, "fair_value_reference": 1487.226292, "structural_low": 1134.5, "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": 23, "median_return": -0.016437, "positive_rate": 0.434783, "directional_follow_through": 0.565217, "median_excess_return": -0.013307, "regime_survival": 0.826087, "best_return": 0.173842, "worst_return": -0.093213, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.007663, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.011319, "regime_survival": 0.5, "best_return": 0.217547, "worst_return": -0.170305, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.011024, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.049486, "regime_survival": 0.25, "best_return": 0.137559, "worst_return": -0.167016, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.068952, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.136115, "regime_survival": 0.5, "best_return": 0.017436, "worst_return": -0.15534, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-08-11", "end": "2023-10-13", "tenure": "Developing", "return": 0.069301, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-20", "end": "2023-11-10", "tenure": "New", "return": -0.027495, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-11-17", "end": "2023-12-08", "tenure": "New", "return": 0.048604, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-15", "end": "2024-01-05", "tenure": "New", "return": 0.054863, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-01-12", "end": "2024-01-26", "tenure": "New", "return": -0.098949, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-02-02", "end": "2024-03-01", "tenure": "Developing", "return": 0.129949, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-08-02", "tenure": "Established", "return": 0.182896, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.055546, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-10-18", "tenure": "Developing", "return": -0.012097, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-10-25", "end": "2024-11-01", "tenure": "New", "return": -0.028113, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-08", "end": "2024-11-22", "tenure": "New", "return": 0.003101, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-11-29", "end": "2025-04-18", "tenure": "Established", "return": -0.043849, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-04-25", "end": "2025-10-24", "tenure": "Extended", "return": -0.061978, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-10-31", "end": "2026-08-07", "tenure": "Extended", "return": -0.130879, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1260.739746, "volume": 2501425, "typical_volume": 3972067.3, "trend": 1226.523828, "fair_value": 1124.022789, "relative_strength": -2.789555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.837555, "energy": 25.86434, "activity_lines": [ 1276.24056, 1274.074514, 1271.576903, 1252.484028 ] }, { "date": "2023-08-25", "close": 1282.452026, "volume": 3107245, "typical_volume": 4032727.3, "trend": 1231.132841, "fair_value": 1128.300618, "relative_strength": -0.691776, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.407935, "energy": 23.141004, "activity_lines": [ 1277.037825, 1275.321205, 1274.140712, 1256.092299 ] }, { "date": "2023-09-01", "close": 1350.530029, "volume": 5329324, "typical_volume": 4178003.7, "trend": 1237.174206, "fair_value": 1133.047844, "relative_strength": 3.885755, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.968594, "energy": 38.212718, "activity_lines": [ 1300.197746, 1289.704066, 1282.638336, 1263.795343 ] }, { "date": "2023-09-08", "close": 1421.597534, "volume": 7331303, "typical_volume": 4353119.4, "trend": 1245.452604, "fair_value": 1138.128193, "relative_strength": 7.286651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.289831, "energy": 69.323783, "activity_lines": [ 1343.606168, 1315.354352, 1296.991464, 1275.693623 ] }, { "date": "2023-09-15", "close": 1402.776978, "volume": 4978144, "typical_volume": 4483434.15, "trend": 1252.253723, "fair_value": 1142.955281, "relative_strength": 4.001246, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.35286, "energy": 74.908204, "activity_lines": [ 1371.833927, 1334.598324, 1308.40535, 1285.843582 ] }, { "date": "2023-09-22", "close": 1365.086548, "volume": 2106141, "typical_volume": 4329748.45, "trend": 1259.301335, "fair_value": 1147.640688, "relative_strength": 3.994494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.639297, "energy": 73.555774, "activity_lines": [ 1378.989689, 1344.375806, 1315.272737, 1293.123119 ] }, { "date": "2023-09-29", "close": 1361.508667, "volume": 2542328, "typical_volume": 4259950.6, "trend": 1265.443258, "fair_value": 1152.259984, "relative_strength": 4.138291, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.362418, "energy": 67.528676, "activity_lines": [ 1377.996371, 1351.509304, 1321.28057, 1299.717141 ] }, { "date": "2023-10-06", "close": 1371.801147, "volume": 2286960, "typical_volume": 4280796.35, "trend": 1271.578194, "fair_value": 1156.67293, "relative_strength": 5.03315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.231196, "energy": 43.161352, "activity_lines": [ 1375.163436, 1358.986765, 1327.860615, 1306.57894 ] }, { "date": "2023-10-13", "close": 1363.518311, "volume": 2112122, "typical_volume": 4268812.8, "trend": 1278.172994, "fair_value": 1161.111117, "relative_strength": 3.944749, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.668285, "energy": 34.786586, "activity_lines": [ 1368.151481, 1363.633145, 1332.978926, 1312.51056 ] }, { "date": "2023-10-20", "close": 1267.405273, "volume": 8543810, "typical_volume": 4446618.9, "trend": 1281.946659, "fair_value": 1164.753083, "relative_strength": -2.35783, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.870852, "energy": 12.146589, "activity_lines": [ 1332.973795, 1349.431192, 1328.447865, 1311.815869 ] }, { "date": "2023-10-27", "close": 1235.008301, "volume": 3699000, "typical_volume": 4431227.5, "trend": 1284.410848, "fair_value": 1168.179975, "relative_strength": -2.373085, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.249767, "energy": 14.880315, "activity_lines": [ 1296.021899, 1329.479679, 1321.011089, 1308.787588 ] }, { "date": "2023-11-03", "close": 1245.888916, "volume": 3564286, "typical_volume": 4421604.6, "trend": 1287.040706, "fair_value": 1171.116851, "relative_strength": -2.445212, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.904277, "energy": 31.014726, "activity_lines": [ 1271.368758, 1311.974303, 1315.011762, 1306.302302 ] }, { "date": "2023-11-10", "close": 1232.557739, "volume": 3925894, "typical_volume": 4440378.85, "trend": 1289.498108, "fair_value": 1173.908131, "relative_strength": -4.395408, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -29.80352, "energy": 40.368311, "activity_lines": [ 1249.979875, 1292.709861, 1308.115524, 1302.787272 ] }, { "date": "2023-11-17", "close": 1255.446289, "volume": 2112596, "typical_volume": 4318205.1, "trend": 1291.98739, "fair_value": 1176.867103, "relative_strength": -4.093663, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.365609, "energy": 46.524933, "activity_lines": [ 1245.503402, 1279.751924, 1303.527747, 1300.59038 ] }, { "date": "2023-11-24", "close": 1268.72876, "volume": 2563974, "typical_volume": 4238490.35, "trend": 1294.217655, "fair_value": 1180.05679, "relative_strength": -3.344397, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.29697, "energy": 38.735856, "activity_lines": [ 1252.65922, 1272.229914, 1300.214536, 1299.089823 ] }, { "date": "2023-12-01", "close": 1286.52002, "volume": 2425647, "typical_volume": 4133622.15, "trend": 1295.230391, "fair_value": 1183.187197, "relative_strength": -4.246736, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.607441, "energy": 22.935709, "activity_lines": [ 1265.657227, 1270.379918, 1298.549519, 1298.593202 ] }, { "date": "2023-12-08", "close": 1316.466431, "volume": 2751308, "typical_volume": 3511487.4, "trend": 1296.58516, "fair_value": 1186.522212, "relative_strength": -5.309676, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 0.282941, "energy": 5.040027, "activity_lines": [ 1285.203255, 1275.403207, 1299.588571, 1299.963269 ] }, { "date": "2023-12-15", "close": 1306.07605, "volume": 2961026, "typical_volume": 3509883.8, "trend": 1299.104565, "fair_value": 1189.223767, "relative_strength": -8.172471, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.033272, "energy": 11.47518, "activity_lines": [ 1296.580656, 1279.356286, 1299.452518, 1300.575584 ] }, { "date": "2023-12-22", "close": 1325.092773, "volume": 4094259, "typical_volume": 3576068.95, "trend": 1301.293962, "fair_value": 1192.191867, "relative_strength": -6.416996, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.923147, "energy": 19.025984, "activity_lines": [ 1309.395744, 1287.961952, 1301.093504, 1302.252243 ] }, { "date": "2023-12-29", "close": 1340.923462, "volume": 2100776, "typical_volume": 3551878.4, "trend": 1302.486589, "fair_value": 1195.175091, "relative_strength": -7.031103, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.146135, "energy": 24.518636, "activity_lines": [ 1322.844629, 1300.144571, 1304.065497, 1304.808985 ] }, { "date": "2024-01-05", "close": 1377.731689, "volume": 3462938, "typical_volume": 3599954.05, "trend": 1304.43564, "fair_value": 1197.792251, "relative_strength": -4.343897, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.429577, "energy": 52.507695, "activity_lines": [ 1343.749943, 1317.682901, 1310.229825, 1309.663507 ] }, { "date": "2024-01-12", "close": 1403.75708, "volume": 6765726, "typical_volume": 3782878.1, "trend": 1307.088831, "fair_value": 1200.737538, "relative_strength": -3.368336, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.326039, "energy": 66.415573, "activity_lines": [ 1367.249609, 1337.35815, 1318.315656, 1316.071342 ] }, { "date": "2024-01-19", "close": 1354.646729, "volume": 3563819, "typical_volume": 3694602.85, "trend": 1310.258276, "fair_value": 1202.496449, "relative_strength": -5.5833, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.86747, "energy": 62.686109, "activity_lines": [ 1368.559782, 1345.233913, 1321.146669, 1319.139594 ] }, { "date": "2024-01-26", "close": 1264.856567, "volume": 2879409, "typical_volume": 3472008.15, "trend": 1310.504968, "fair_value": 1204.142915, "relative_strength": -10.578391, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 22.80185, "energy": 20.2441, "activity_lines": [ 1336.701855, 1334.564393, 1315.406634, 1316.210451 ] }, { "date": "2024-02-02", "close": 1317.854248, "volume": 4579833, "typical_volume": 3452092.6, "trend": 1312.465967, "fair_value": 1205.725241, "relative_strength": -8.831045, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.521381, "energy": 13.039404, "activity_lines": [ 1326.52557, 1333.359719, 1315.460382, 1316.684598 ] }, { "date": "2024-02-09", "close": 1323.356445, "volume": 4247847, "typical_volume": 3559177.9, "trend": 1314.729639, "fair_value": 1207.145543, "relative_strength": -8.018333, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.880065, "energy": 15.713444, "activity_lines": [ 1319.721297, 1332.262254, 1316.442544, 1317.38721 ] }, { "date": "2024-02-16", "close": 1374.644043, "volume": 3562808, "typical_volume": 3610201.9, "trend": 1317.967712, "fair_value": 1208.912856, "relative_strength": -5.45071, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.217923, "energy": 22.259564, "activity_lines": [ 1333.637907, 1339.820053, 1322.507953, 1321.252655 ] }, { "date": "2024-02-23", "close": 1404.512695, "volume": 4460273, "typical_volume": 3718867.55, "trend": 1321.487467, "fair_value": 1211.078517, "relative_strength": -4.065416, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 63.967643, "energy": 41.264612, "activity_lines": [ 1359.451603, 1351.750741, 1331.355447, 1326.836202 ] }, { "date": "2024-03-01", "close": 1489.107544, "volume": 11561852, "typical_volume": 4191354.05, "trend": 1328.191374, "fair_value": 1213.716872, "relative_strength": 1.146252, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 78.831559, "energy": 71.835166, "activity_lines": [ 1410.139184, 1377.272554, 1348.103823, 1337.650401 ] }, { "date": "2024-03-08", "close": 1516.176147, "volume": 5757659, "typical_volume": 4052046.5, "trend": 1336.225606, "fair_value": 1216.613479, "relative_strength": 2.300184, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.620308, "energy": 82.524722, "activity_lines": [ 1454.899568, 1404.733844, 1366.832118, 1349.778451 ] }, { "date": "2024-03-15", "close": 1456.389771, "volume": 4841913, "typical_volume": 4109192.15, "trend": 1342.747274, "fair_value": 1219.492669, "relative_strength": 0.423995, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.456336, "energy": 75.872348, "activity_lines": [ 1466.509701, 1418.138472, 1378.681849, 1357.530977 ] }, { "date": "2024-03-22", "close": 1443.567749, "volume": 2293433, "typical_volume": 4045649.5, "trend": 1348.117798, "fair_value": 1222.250394, "relative_strength": -0.710041, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.863655, "energy": 73.29497, "activity_lines": [ 1464.976937, 1427.781676, 1388.256237, 1364.035524 ] }, { "date": "2024-03-29", "close": 1488.518188, "volume": 2661360, "typical_volume": 3982422.8, "trend": 1352.717403, "fair_value": 1225.245857, "relative_strength": 1.332668, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.054833, "energy": 62.30313, "activity_lines": [ 1473.832739, 1444.873857, 1401.170292, 1373.093614 ] }, { "date": "2024-04-05", "close": 1523.004761, "volume": 6964557, "typical_volume": 4225020.85, "trend": 1356.097644, "fair_value": 1228.438885, "relative_strength": 2.77993, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.516204, "energy": 52.708168, "activity_lines": [ 1488.5837, 1465.802297, 1416.149923, 1384.079895 ] }, { "date": "2024-04-12", "close": 1484.244141, "volume": 5765619, "typical_volume": 4385103.1, "trend": 1358.813216, "fair_value": 1231.703821, "relative_strength": 0.112233, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.829824, "energy": 46.378245, "activity_lines": [ 1488.154639, 1474.989748, 1426.163979, 1392.347411 ] }, { "date": "2024-04-19", "close": 1475.450562, "volume": 4232594, "typical_volume": 4475450.45, "trend": 1362.492017, "fair_value": 1234.943003, "relative_strength": 1.20365, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.871194, "energy": 44.297134, "activity_lines": [ 1486.923185, 1479.553096, 1434.314287, 1399.872401 ] }, { "date": "2024-04-26", "close": 1611.382324, "volume": 8990889, "typical_volume": 4787429.5, "trend": 1370.821138, "fair_value": 1239.14786, "relative_strength": 9.011615, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.186993, "energy": 64.674738, "activity_lines": [ 1529.7316, 1506.065962, 1454.510808, 1415.92984 ] }, { "date": "2024-05-03", "close": 1634.47168, "volume": 8383416, "typical_volume": 5058549.0, "trend": 1379.576823, "fair_value": 1243.428055, "relative_strength": 10.195694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.647246, "energy": 74.133011, "activity_lines": [ 1569.048828, 1532.472561, 1475.501954, 1432.939553 ] }, { "date": "2024-05-10", "close": 1657.266113, "volume": 6602831, "typical_volume": 5183977.6, "trend": 1389.368416, "fair_value": 1247.88189, "relative_strength": 13.681949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.775371, "energy": 83.264222, "activity_lines": [ 1606.233968, 1558.842529, 1497.100209, 1450.854991 ] }, { "date": "2024-05-17", "close": 1781.947754, "volume": 6915218, "typical_volume": 5424699.7, "trend": 1406.519832, "fair_value": 1252.944783, "relative_strength": 19.591177, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.122576, "energy": 94.422706, "activity_lines": [ 1676.028898, 1604.824459, 1528.991129, 1476.18269 ] }, { "date": "2024-05-24", "close": 1856.815796, "volume": 6118587, "typical_volume": 5557482.15, "trend": 1427.246749, "fair_value": 1258.550685, "relative_strength": 21.499469, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.217313, "energy": 95.407796, "activity_lines": [ 1750.932935, 1659.586548, 1565.912223, 1505.234042 ] }, { "date": "2024-05-31", "close": 1880.02356, "volume": 6849098, "typical_volume": 5561650.75, "trend": 1448.38457, "fair_value": 1264.066004, "relative_strength": 24.876368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.113303, "energy": 94.852234, "activity_lines": [ 1808.148543, 1711.287758, 1602.762227, 1534.44545 ] }, { "date": "2024-06-07", "close": 1828.816406, "volume": 8104213, "typical_volume": 5788670.45, "trend": 1468.259859, "fair_value": 1269.498607, "relative_strength": 17.262354, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.988138, "energy": 86.290038, "activity_lines": [ 1830.385685, 1745.743015, 1632.467424, 1558.989439 ] }, { "date": "2024-06-14", "close": 1813.193237, "volume": 7100772, "typical_volume": 5999738.6, "trend": 1486.851424, "fair_value": 1274.936972, "relative_strength": 15.162037, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.351742, "energy": 75.239493, "activity_lines": [ 1834.458789, 1771.170457, 1658.426749, 1581.243205 ] }, { "date": "2024-06-21", "close": 1860.06311, "volume": 9415516, "typical_volume": 6241522.75, "trend": 1506.562569, "fair_value": 1280.658097, "relative_strength": 17.567309, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.317611, "energy": 66.069309, "activity_lines": [ 1843.760042, 1799.843539, 1686.238744, 1605.321379 ] }, { "date": "2024-06-28", "close": 1796.337769, "volume": 9337475, "typical_volume": 6496004.15, "trend": 1523.556494, "fair_value": 1286.056375, "relative_strength": 10.836238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.697125, "energy": 55.574656, "activity_lines": [ 1826.611825, 1810.097124, 1705.399712, 1624.016553 ] }, { "date": "2024-07-05", "close": 1866.568726, "volume": 5684802, "typical_volume": 6602103.85, "trend": 1541.893237, "fair_value": 1291.670249, "relative_strength": 13.311549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.873764, "energy": 54.069019, "activity_lines": [ 1836.905794, 1827.28566, 1728.997051, 1646.146374 ] }, { "date": "2024-07-12", "close": 1881.156982, "volume": 3533326, "typical_volume": 6555756.5, "trend": 1561.062602, "fair_value": 1297.04063, "relative_strength": 12.961788, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.471826, "energy": 53.553472, "activity_lines": [ 1852.959505, 1842.486854, 1751.641249, 1668.034358 ] }, { "date": "2024-07-19", "close": 1743.208496, "volume": 7069149, "typical_volume": 6331121.35, "trend": 1574.999792, "fair_value": 1301.116485, "relative_strength": 4.367558, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.819115, "energy": 36.62277, "activity_lines": [ 1819.541016, 1828.121318, 1758.877762, 1679.785706 ] }, { "date": "2024-07-26", "close": 1812.355225, "volume": 6037489, "typical_volume": 6345112.85, "trend": 1590.714185, "fair_value": 1305.450015, "relative_strength": 6.972167, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.261316, "energy": 33.812594, "activity_lines": [ 1813.837085, 1824.765325, 1771.489672, 1695.098959 ] }, { "date": "2024-08-02", "close": 1793.479126, "volume": 3720546, "typical_volume": 6289044.5, "trend": 1604.572432, "fair_value": 1309.294818, "relative_strength": 6.163268, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.580355, "energy": 26.924746, "activity_lines": [ 1805.021647, 1817.424452, 1780.893483, 1708.180569 ] }, { "date": "2024-08-09", "close": 1773.666626, "volume": 3579610, "typical_volume": 6353353.35, "trend": 1616.902751, "fair_value": 1312.95521, "relative_strength": 6.285399, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.719085, "energy": 19.774586, "activity_lines": [ 1789.792619, 1807.632881, 1786.805201, 1719.089871 ] }, { "date": "2024-08-16", "close": 1849.614746, "volume": 3698654, "typical_volume": 6405218.05, "trend": 1633.401685, "fair_value": 1317.138752, "relative_strength": 9.741661, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.347269, "energy": 26.132224, "activity_lines": [ 1806.073104, 1813.583822, 1798.378174, 1734.103548 ] }, { "date": "2024-08-23", "close": 1857.69751, "volume": 3846666, "typical_volume": 6249323.5, "trend": 1653.163049, "fair_value": 1321.382177, "relative_strength": 8.717284, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.965303, "energy": 31.971614, "activity_lines": [ 1827.150659, 1820.626205, 1809.001427, 1748.574247 ] }, { "date": "2024-08-30", "close": 1872.187134, "volume": 4577526, "typical_volume": 6189918.85, "trend": 1671.640812, "fair_value": 1324.505445, "relative_strength": 7.631949, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.069889, "energy": 35.847061, "activity_lines": [ 1845.425488, 1829.493897, 1819.410868, 1762.704833 ] }, { "date": "2024-09-06", "close": 1845.573364, "volume": 3164421, "typical_volume": 6136510.2, "trend": 1689.048043, "fair_value": 1327.312261, "relative_strength": 7.664085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.367115, "energy": 41.069125, "activity_lines": [ 1850.840267, 1833.302284, 1825.438318, 1773.926288 ] }, { "date": "2024-09-13", "close": 1959.618774, "volume": 5905811, "typical_volume": 5982256.3, "trend": 1708.547201, "fair_value": 1330.738734, "relative_strength": 11.799774, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.722243, "energy": 58.862473, "activity_lines": [ 1890.797233, 1856.951008, 1840.564746, 1791.382464 ] }, { "date": "2024-09-20", "close": 2018.809937, "volume": 3466026, "typical_volume": 5736386.8, "trend": 1729.023775, "fair_value": 1334.898401, "relative_strength": 12.95717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.791163, "energy": 72.807374, "activity_lines": [ 1938.087777, 1889.669942, 1859.670158, 1811.399415 ] }, { "date": "2024-09-27", "close": 2002.250244, "volume": 5639713, "typical_volume": 5688230.9, "trend": 1746.128532, "fair_value": 1339.298234, "relative_strength": 10.151518, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.660264, "energy": 74.880131, "activity_lines": [ 1968.578743, 1916.875242, 1875.368275, 1829.026929 ] }, { "date": "2024-10-04", "close": 1906.785278, "volume": 4317774, "typical_volume": 5558358.7, "trend": 1759.148836, "fair_value": 1343.009462, "relative_strength": 9.587277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.938018, "energy": 63.143071, "activity_lines": [ 1957.611206, 1922.013425, 1880.331708, 1839.39188 ] }, { "date": "2024-10-11", "close": 1910.777344, "volume": 3947476, "typical_volume": 5449803.15, "trend": 1774.295089, "fair_value": 1346.109194, "relative_strength": 9.810339, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.033106, "energy": 43.239193, "activity_lines": [ 1945.667814, 1926.160529, 1885.080874, 1849.174365 ] }, { "date": "2024-10-18", "close": 1823.24707, "volume": 7417787, "typical_volume": 5478237.6, "trend": 1786.951066, "fair_value": 1349.794466, "relative_strength": 4.998272, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 31.009653, "energy": 19.43562, "activity_lines": [ 1900.200732, 1912.260343, 1881.236863, 1852.332557 ] }, { "date": "2024-10-25", "close": 1670.710327, "volume": 5727488, "typical_volume": 5359401.35, "trend": 1793.024137, "fair_value": 1352.647452, "relative_strength": -1.222928, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.469008, "energy": 19.748669, "activity_lines": [ 1812.979516, 1869.72474, 1863.135908, 1844.833155 ] }, { "date": "2024-11-01", "close": 1623.741943, "volume": 4738880, "typical_volume": 5241306.75, "trend": 1796.382043, "fair_value": 1355.0034, "relative_strength": -4.540902, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -41.364098, "energy": 43.093358, "activity_lines": [ 1733.308813, 1821.902239, 1841.31466, 1833.911723 ] }, { "date": "2024-11-08", "close": 1636.901001, "volume": 4714489, "typical_volume": 5006255.4, "trend": 1801.470605, "fair_value": 1356.956914, "relative_strength": -3.260236, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.93327, "energy": 61.711171, "activity_lines": [ 1683.258349, 1780.726032, 1821.648804, 1823.622623 ] }, { "date": "2024-11-15", "close": 1595.69873, "volume": 2491172, "typical_volume": 4663940.25, "trend": 1805.478878, "fair_value": 1358.644755, "relative_strength": -3.339661, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.301106, "energy": 73.645539, "activity_lines": [ 1637.46608, 1736.336432, 1799.121599, 1810.347018 ] }, { "date": "2024-11-22", "close": 1641.977295, "volume": 2513820, "typical_volume": 4505391.15, "trend": 1806.49871, "fair_value": 1360.913861, "relative_strength": -2.217543, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.727966, "energy": 78.252389, "activity_lines": [ 1628.105241, 1704.904292, 1781.957301, 1799.798529 ] }, { "date": "2024-11-29", "close": 1693.430786, "volume": 5938373, "typical_volume": 4625643.5, "trend": 1808.464014, "fair_value": 1363.164116, "relative_strength": -0.271852, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.423576, "energy": 64.23076, "activity_lines": [ 1647.980216, 1688.602632, 1770.762818, 1792.503824 ] }, { "date": "2024-12-06", "close": 1713.883911, "volume": 3667432, "typical_volume": 4455557.65, "trend": 1810.351274, "fair_value": 1365.489804, "relative_strength": -1.482944, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.793417, "energy": 42.587565, "activity_lines": [ 1673.158203, 1681.935707, 1762.410186, 1786.401882 ] }, { "date": "2024-12-13", "close": 1732.710938, "volume": 4120224, "typical_volume": 4359694.4, "trend": 1808.710046, "fair_value": 1368.386259, "relative_strength": -1.010021, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.499963, "energy": 28.027984, "activity_lines": [ 1698.602401, 1683.934901, 1755.990245, 1781.392828 ] }, { "date": "2024-12-20", "close": 1633.69751, "volume": 3813973, "typical_volume": 4364365.75, "trend": 1801.27277, "fair_value": 1370.39171, "relative_strength": -2.18585, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.285879, "energy": 29.510189, "activity_lines": [ 1684.654793, 1671.096642, 1740.519712, 1770.101697 ] }, { "date": "2024-12-27", "close": 1626.304688, "volume": 1495604, "typical_volume": 4260165.45, "trend": 1792.815474, "fair_value": 1372.126131, "relative_strength": -3.724462, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.143591, "energy": 33.50589, "activity_lines": [ 1665.70966, 1661.952049, 1725.105966, 1758.813434 ] }, { "date": "2025-01-03", "close": 1675.688232, "volume": 4373463, "typical_volume": 4293905.9, "trend": 1787.711202, "fair_value": 1374.355031, "relative_strength": -1.760825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.924105, "energy": 34.960422, "activity_lines": [ 1664.270549, 1665.367052, 1715.097138, 1751.256837 ] }, { "date": "2025-01-10", "close": 1577.364746, "volume": 3645694, "typical_volume": 4283857.3, "trend": 1779.850252, "fair_value": 1376.100154, "relative_strength": -5.344832, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.973487, "energy": 53.497457, "activity_lines": [ 1631.239779, 1650.814551, 1696.55239, 1737.686098 ] }, { "date": "2025-01-17", "close": 1551.687134, "volume": 10830549, "typical_volume": 4596508.45, "trend": 1769.571053, "fair_value": 1378.323296, "relative_strength": -6.076804, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.819638, "energy": 68.361168, "activity_lines": [ 1598.751082, 1632.436615, 1676.897073, 1722.965897 ] }, { "date": "2025-01-24", "close": 1505.235596, "volume": 5237067, "typical_volume": 4700140.75, "trend": 1759.867647, "fair_value": 1380.866409, "relative_strength": -8.597363, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.485808, "energy": 80.180754, "activity_lines": [ 1562.846794, 1607.162287, 1654.34399, 1705.911997 ] }, { "date": "2025-01-31", "close": 1547.728394, "volume": 3324406, "typical_volume": 4571070.5, "trend": 1749.239636, "fair_value": 1383.263245, "relative_strength": -7.818538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.556824, "energy": 76.719217, "activity_lines": [ 1549.670899, 1591.258707, 1637.458497, 1692.225593 ] }, { "date": "2025-02-07", "close": 1595.063477, "volume": 5205454, "typical_volume": 4658041.9, "trend": 1739.703186, "fair_value": 1386.18, "relative_strength": -5.384195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.533387, "energy": 62.987342, "activity_lines": [ 1557.511784, 1585.675122, 1627.042489, 1682.278744 ] }, { "date": "2025-02-14", "close": 1480.579956, "volume": 2885089, "typical_volume": 4520310.7, "trend": 1730.948901, "fair_value": 1388.197719, "relative_strength": -9.81278, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.310781, "energy": 57.737361, "activity_lines": [ 1532.56648, 1561.064848, 1607.74113, 1665.561116 ] }, { "date": "2025-02-21", "close": 1502.369873, "volume": 3485604, "typical_volume": 4478702.2, "trend": 1720.616056, "fair_value": 1390.559785, "relative_strength": -8.016239, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.624483, "energy": 50.752271, "activity_lines": [ 1521.3368, 1544.658268, 1592.999144, 1650.814082 ] }, { "date": "2025-02-28", "close": 1405.031494, "volume": 9003770, "typical_volume": 4731516.9, "trend": 1707.667802, "fair_value": 1392.822932, "relative_strength": -11.291002, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.527211, "energy": 58.157588, "activity_lines": [ 1480.948812, 1514.741819, 1570.912625, 1630.453788 ] }, { "date": "2025-03-07", "close": 1443.324585, "volume": 4077700, "typical_volume": 4564512.55, "trend": 1696.656401, "fair_value": 1395.278048, "relative_strength": -10.520014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.8548, "energy": 60.645829, "activity_lines": [ 1460.005461, 1495.945315, 1554.88138, 1613.399387 ] }, { "date": "2025-03-14", "close": 1441.446899, "volume": 3307410, "typical_volume": 4443508.65, "trend": 1683.050806, "fair_value": 1397.382088, "relative_strength": -9.973912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.694442, "energy": 59.013782, "activity_lines": [ 1445.396468, 1480.134324, 1540.480463, 1596.934258 ] }, { "date": "2025-03-21", "close": 1463.335693, "volume": 8016592, "typical_volume": 4607394.25, "trend": 1669.905412, "fair_value": 1399.61742, "relative_strength": -12.274864, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.704429, "energy": 50.919948, "activity_lines": [ 1448.324845, 1472.562047, 1529.255923, 1582.759089 ] }, { "date": "2025-03-28", "close": 1510.868408, "volume": 5507195, "typical_volume": 4647029.55, "trend": 1657.861454, "fair_value": 1402.004726, "relative_strength": -10.017113, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.98504, "energy": 39.826868, "activity_lines": [ 1468.247078, 1475.705338, 1523.322148, 1572.498637 ] }, { "date": "2025-04-04", "close": 1451.921875, "volume": 2732112, "typical_volume": 4659076.55, "trend": 1644.739738, "fair_value": 1403.424116, "relative_strength": -11.104383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.926958, "energy": 36.932717, "activity_lines": [ 1467.953898, 1468.873235, 1512.374573, 1559.212213 ] }, { "date": "2025-04-11", "close": 1514.771851, "volume": 3550629, "typical_volume": 4710917.0, "trend": 1629.911507, "fair_value": 1405.210622, "relative_strength": -6.959131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.231057, "energy": 23.78487, "activity_lines": [ 1485.484684, 1474.437742, 1508.097361, 1550.827188 ] }, { "date": "2025-04-18", "close": 1619.175903, "volume": 4449265, "typical_volume": 4636461.6, "trend": 1616.590373, "fair_value": 1407.401373, "relative_strength": -4.844825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.411528, "energy": 13.752923, "activity_lines": [ 1533.05367, 1499.584013, 1514.369132, 1550.134568 ] }, { "date": "2025-04-25", "close": 1580.932251, "volume": 10361900, "typical_volume": 4971185.0, "trend": 1602.54644, "fair_value": 1409.374967, "relative_strength": -7.665704, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -16.059284, "energy": 15.694781, "activity_lines": [ 1556.026172, 1517.338485, 1517.352246, 1547.834044 ] }, { "date": "2025-05-02", "close": 1543.182739, "volume": 3690467, "typical_volume": 4949697.15, "trend": 1590.426355, "fair_value": 1411.562257, "relative_strength": -10.783315, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -10.128357, "energy": 16.419187, "activity_lines": [ 1558.575732, 1526.404823, 1517.373271, 1544.004128 ] }, { "date": "2025-05-09", "close": 1530.039673, "volume": 3285134, "typical_volume": 4923255.2, "trend": 1577.735099, "fair_value": 1413.687694, "relative_strength": -10.017287, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.558981, "energy": 15.885519, "activity_lines": [ 1554.589982, 1532.33946, 1517.045091, 1540.108213 ] }, { "date": "2025-05-16", "close": 1558.796387, "volume": 4788993, "typical_volume": 5087924.65, "trend": 1568.920076, "fair_value": 1416.032304, "relative_strength": -11.625094, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.263992, "energy": 10.461238, "activity_lines": [ 1554.98195, 1541.229714, 1519.949254, 1538.886361 ] }, { "date": "2025-05-23", "close": 1561.020508, "volume": 4907098, "typical_volume": 5114606.4, "trend": 1565.263749, "fair_value": 1418.689776, "relative_strength": -10.464168, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.802456, "energy": 6.926691, "activity_lines": [ 1553.180322, 1548.424867, 1523.386707, 1538.376711 ] }, { "date": "2025-05-30", "close": 1514.793091, "volume": 4208307, "typical_volume": 5142737.05, "trend": 1561.632121, "fair_value": 1421.207685, "relative_strength": -12.220814, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.992718, "energy": 10.963713, "activity_lines": [ 1539.846582, 1545.040969, 1522.967585, 1535.12054 ] }, { "date": "2025-06-06", "close": 1511.023438, "volume": 5021495, "typical_volume": 4852284.35, "trend": 1557.436202, "fair_value": 1423.904852, "relative_strength": -12.888356, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -29.559184, "energy": 14.057297, "activity_lines": [ 1529.665568, 1540.036091, 1522.487408, 1531.855463 ] }, { "date": "2025-06-13", "close": 1528.780396, "volume": 3825546, "typical_volume": 4781708.3, "trend": 1555.205591, "fair_value": 1427.02301, "relative_strength": -10.467657, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.236883, "energy": 14.09689, "activity_lines": [ 1527.547494, 1538.256932, 1523.892007, 1530.006702 ] }, { "date": "2025-06-20", "close": 1521.241211, "volume": 2914223, "typical_volume": 4761199.15, "trend": 1551.181055, "fair_value": 1429.860465, "relative_strength": -11.850542, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.782038, "energy": 16.978367, "activity_lines": [ 1523.00031, 1533.709584, 1524.466471, 1527.815451 ] }, { "date": "2025-06-27", "close": 1554.275024, "volume": 6143782, "typical_volume": 4808115.55, "trend": 1546.542529, "fair_value": 1432.882192, "relative_strength": -11.430363, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.293798, "energy": 7.270299, "activity_lines": [ 1531.968075, 1535.050759, 1528.313141, 1528.015062 ] }, { "date": "2025-07-04", "close": 1564.988525, "volume": 4535288, "typical_volume": 4890625.5, "trend": 1541.57935, "fair_value": 1435.302018, "relative_strength": -9.813626, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.241466, "energy": 9.98214, "activity_lines": [ 1544.956706, 1539.51986, 1533.374376, 1529.205126 ] }, { "date": "2025-07-11", "close": 1515.586792, "volume": 5316421, "typical_volume": 4982166.35, "trend": 1534.341878, "fair_value": 1437.174041, "relative_strength": -11.166064, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 6.032365, "energy": 4.850987, "activity_lines": [ 1538.13173, 1535.296713, 1533.328738, 1527.528187 ] }, { "date": "2025-07-18", "close": 1506.361084, "volume": 5287153, "typical_volume": 4796335.5, "trend": 1530.097331, "fair_value": 1439.169013, "relative_strength": -10.793802, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.959063, "energy": 7.608918, "activity_lines": [ 1527.927295, 1529.897909, 1532.341523, 1525.722975 ] }, { "date": "2025-07-25", "close": 1511.420288, "volume": 9477634, "typical_volume": 5066332.2, "trend": 1526.267851, "fair_value": 1441.053369, "relative_strength": -9.709427, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -17.700425, "energy": 13.314869, "activity_lines": [ 1520.903882, 1525.849481, 1531.353616, 1524.518004 ] }, { "date": "2025-08-01", "close": 1470.748047, "volume": 3616403, "typical_volume": 5081781.85, "trend": 1519.436511, "fair_value": 1442.426827, "relative_strength": -10.84479, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -22.700482, "energy": 29.292219, "activity_lines": [ 1500.977783, 1515.267483, 1526.167896, 1520.936081 ] }, { "date": "2025-08-08", "close": 1479.676147, "volume": 3334429, "typical_volume": 4847673.7, "trend": 1516.180225, "fair_value": 1443.809106, "relative_strength": -9.246428, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -20.70567, "energy": 36.971426, "activity_lines": [ 1489.596183, 1507.950093, 1521.692943, 1518.370897 ] }, { "date": "2025-08-15", "close": 1467.375122, "volume": 3940390, "typical_volume": 4769333.45, "trend": 1513.369824, "fair_value": 1444.782396, "relative_strength": -10.574249, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -26.568724, "energy": 43.63397, "activity_lines": [ 1479.801733, 1499.034643, 1515.968651, 1515.22218 ] }, { "date": "2025-08-22", "close": 1543.561279, "volume": 3644463, "typical_volume": 4814951.0, "trend": 1514.647347, "fair_value": 1446.40866, "relative_strength": -6.489719, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.687257, "energy": 17.623312, "activity_lines": [ 1498.61678, 1504.764828, 1517.707295, 1517.170016 ] }, { "date": "2025-08-29", "close": 1513.404297, "volume": 7134851, "typical_volume": 4994162.1, "trend": 1513.50321, "fair_value": 1447.475243, "relative_strength": -6.32099, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.58854, "energy": 7.271166, "activity_lines": [ 1504.899487, 1504.743182, 1516.137467, 1517.089819 ] }, { "date": "2025-09-05", "close": 1569.849487, "volume": 4542716, "typical_volume": 4998834.65, "trend": 1512.662744, "fair_value": 1449.129783, "relative_strength": -3.758387, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 33.824879, "energy": 19.404906, "activity_lines": [ 1529.86499, 1515.126787, 1519.949884, 1520.725063 ] }, { "date": "2025-09-12", "close": 1560.028564, "volume": 2491679, "typical_volume": 4605323.6, "trend": 1515.311031, "fair_value": 1450.994659, "relative_strength": -5.362316, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 43.423976, "energy": 30.623448, "activity_lines": [ 1544.950089, 1523.441597, 1523.061863, 1523.780922 ] }, { "date": "2025-09-19", "close": 1578.083252, "volume": 3551651, "typical_volume": 4598382.8, "trend": 1517.83481, "fair_value": 1452.949659, "relative_strength": -4.626163, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.062114, "energy": 48.493669, "activity_lines": [ 1560.69659, 1535.129259, 1527.992877, 1527.830743 ] }, { "date": "2025-09-26", "close": 1495.349854, "volume": 3246615, "typical_volume": 4596456.85, "trend": 1520.845422, "fair_value": 1454.111333, "relative_strength": -6.727055, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 27.445966, "energy": 24.509879, "activity_lines": [ 1541.484749, 1530.638186, 1524.878327, 1526.380101 ] }, { "date": "2025-10-03", "close": 1476.204102, "volume": 3453444, "typical_volume": 4529679.4, "trend": 1521.941406, "fair_value": 1455.136535, "relative_strength": -8.348497, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -14.407814, "energy": 5.692545, "activity_lines": [ 1519.105086, 1522.866271, 1520.105561, 1523.500015 ] }, { "date": "2025-10-10", "close": 1483.941772, "volume": 2910796, "typical_volume": 4429864.3, "trend": 1523.357902, "fair_value": 1456.818823, "relative_strength": -8.809254, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -40.852236, "energy": 24.756555, "activity_lines": [ 1501.78466, 1517.141499, 1516.463013, 1521.048426 ] }, { "date": "2025-10-17", "close": 1479.576904, "volume": 5101196, "typical_volume": 4474508.75, "trend": 1523.899276, "fair_value": 1459.020023, "relative_strength": -10.154292, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.741859, "energy": 37.046666, "activity_lines": [ 1488.736458, 1510.38323, 1512.771805, 1518.223846 ] }, { "date": "2025-10-24", "close": 1482.949707, "volume": 3410470, "typical_volume": 4393957.5, "trend": 1522.968652, "fair_value": 1461.109167, "relative_strength": -9.933513, "stage": 4, "regime": "balance", "modifier": "Neutral compression", "gate": "down", "direction": -51.79907, "energy": 47.220488, "activity_lines": [ 1482.175968, 1504.240001, 1509.569513, 1515.581938 ] }, { "date": "2025-10-31", "close": 1481.957764, "volume": 3968833, "typical_volume": 4401121.85, "trend": 1523.969849, "fair_value": 1463.057026, "relative_strength": -9.487409, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.277238, "energy": 48.907341, "activity_lines": [ 1481.627067, 1497.633245, 1506.406434, 1512.936074 ] }, { "date": "2025-11-07", "close": 1436.920654, "volume": 2920980, "typical_volume": 4401459.7, "trend": 1521.374809, "fair_value": 1464.544402, "relative_strength": -11.140438, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.903657, "energy": 52.988922, "activity_lines": [ 1466.958602, 1483.957988, 1499.177071, 1507.319997 ] }, { "date": "2025-11-14", "close": 1457.653564, "volume": 2628332, "typical_volume": 4225687.2, "trend": 1515.990731, "fair_value": 1466.257754, "relative_strength": -11.000048, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.381791, "energy": 44.786901, "activity_lines": [ 1461.820003, 1475.442962, 1494.323798, 1503.208949 ] }, { "date": "2025-11-21", "close": 1429.579834, "volume": 3905144, "typical_volume": 4194180.0, "trend": 1510.94565, "fair_value": 1467.635294, "relative_strength": -12.876659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.5202, "energy": 55.412582, "activity_lines": [ 1449.076042, 1463.863547, 1487.256938, 1497.634053 ] }, { "date": "2025-11-28", "close": 1430.373413, "volume": 4302633, "typical_volume": 4143490.6, "trend": 1507.185339, "fair_value": 1469.065083, "relative_strength": -12.861758, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.276468, "energy": 60.713483, "activity_lines": [ 1439.929744, 1454.800215, 1480.910461, 1492.435844 ] }, { "date": "2025-12-05", "close": 1425.016602, "volume": 2249761, "typical_volume": 3991621.0, "trend": 1503.68457, "fair_value": 1470.816281, "relative_strength": -12.730683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.245776, "energy": 60.799354, "activity_lines": [ 1432.50293, 1447.448551, 1474.459589, 1487.134635 ] }, { "date": "2025-12-12", "close": 1398.331665, "volume": 3317932, "typical_volume": 3683635.9, "trend": 1498.335746, "fair_value": 1472.572888, "relative_strength": -13.47204, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.541508, "energy": 66.659976, "activity_lines": [ 1419.977214, 1436.523866, 1465.854649, 1480.337673 ] }, { "date": "2025-12-19", "close": 1405.573364, "volume": 2309790, "typical_volume": 3618305.25, "trend": 1493.154175, "fair_value": 1474.706675, "relative_strength": -12.343027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.133341, "energy": 61.70307, "activity_lines": [ 1412.437996, 1428.331716, 1458.477912, 1474.353003 ] }, { "date": "2025-12-26", "close": 1406.862793, "volume": 1633525, "typical_volume": 3533260.05, "trend": 1489.556498, "fair_value": 1476.854038, "relative_strength": -12.127788, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.528504, "energy": 61.788543, "activity_lines": [ 1408.800602, 1421.798888, 1451.534334, 1468.785817 ] }, { "date": "2026-01-02", "close": 1428.389404, "volume": 1495574, "typical_volume": 3411019.25, "trend": 1486.80203, "fair_value": 1478.561266, "relative_strength": -11.321772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.463113, "energy": 46.194656, "activity_lines": [ 1413.853214, 1420.502064, 1446.987639, 1464.839553 ] }, { "date": "2026-01-09", "close": 1453.189697, "volume": 4281979, "typical_volume": 3442895.05, "trend": 1484.28234, "fair_value": 1480.551778, "relative_strength": -7.202335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.137933, "energy": 28.673835, "activity_lines": [ 1427.304858, 1424.70639, 1444.988523, 1462.671016 ] }, { "date": "2026-01-16", "close": 1414.699707, "volume": 3712460, "typical_volume": 3271775.5, "trend": 1480.730957, "fair_value": 1482.414246, "relative_strength": -9.361309, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.227493, "energy": 26.829705, "activity_lines": [ 1426.048299, 1422.435591, 1439.754035, 1458.181814 ] }, { "date": "2026-01-23", "close": 1280.616577, "volume": 9343832, "typical_volume": 3511831.3, "trend": 1471.609009, "fair_value": 1483.288829, "relative_strength": -15.460634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.395841, "energy": 53.517503, "activity_lines": [ 1379.00616, 1396.190059, 1422.219746, 1445.271208 ] }, { "date": "2026-01-30", "close": 1278.626587, "volume": 5015151, "typical_volume": 3638004.9, "trend": 1462.063611, "fair_value": 1483.989711, "relative_strength": -16.089415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.723164, "energy": 81.096822, "activity_lines": [ 1339.631144, 1372.801565, 1405.873235, 1432.82073 ] }, { "date": "2026-02-06", "close": 1348.279419, "volume": 3123973, "typical_volume": 3616621.0, "trend": 1456.486698, "fair_value": 1485.111722, "relative_strength": -12.376712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.540191, "energy": 76.069193, "activity_lines": [ 1332.022819, 1364.821826, 1397.500335, 1425.479814 ] }, { "date": "2026-02-13", "close": 1397.036377, "volume": 2715553, "typical_volume": 3590067.9, "trend": 1452.842541, "fair_value": 1486.382831, "relative_strength": -8.127721, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.746549, "energy": 68.183973, "activity_lines": [ 1346.007479, 1367.199607, 1394.86526, 1421.644309 ] }, { "date": "2026-02-20", "close": 1405.892212, "volume": 1877308, "typical_volume": 3511261.1, "trend": 1449.324939, "fair_value": 1487.999716, "relative_strength": -7.582181, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.414572, "energy": 37.449005, "activity_lines": [ 1366.687638, 1371.696271, 1393.541757, 1418.615256 ] }, { "date": "2026-02-27", "close": 1390.170532, "volume": 3313918, "typical_volume": 3531417.2, "trend": 1446.639022, "fair_value": 1489.364585, "relative_strength": -6.94128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.870856, "energy": 19.960177, "activity_lines": [ 1382.714404, 1373.196984, 1391.055769, 1414.798843 ] }, { "date": "2026-03-06", "close": 1342.508057, "volume": 2605053, "typical_volume": 3406610.05, "trend": 1442.066752, "fair_value": 1490.356604, "relative_strength": -7.181803, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.309293, "energy": 23.052108, "activity_lines": [ 1375.550081, 1366.311843, 1384.477028, 1408.080716 ] }, { "date": "2026-03-13", "close": 1303.701538, "volume": 5611214, "typical_volume": 3516647.25, "trend": 1436.610966, "fair_value": 1491.241394, "relative_strength": -4.556354, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.119294, "energy": 34.786537, "activity_lines": [ 1351.191488, 1353.541058, 1374.855137, 1399.153928 ] }, { "date": "2026-03-20", "close": 1274.845337, "volume": 4179194, "typical_volume": 3527165.3, "trend": 1427.653768, "fair_value": 1492.014792, "relative_strength": -6.291593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.772258, "energy": 52.042846, "activity_lines": [ 1320.186019, 1337.790743, 1363.338599, 1388.717436 ] }, { "date": "2026-03-27", "close": 1225.491333, "volume": 8310483, "typical_volume": 3796640.45, "trend": 1418.056669, "fair_value": 1492.427668, "relative_strength": -8.440076, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.966424, "energy": 74.761991, "activity_lines": [ 1280.875285, 1316.309597, 1348.107929, 1375.674698 ] }, { "date": "2026-04-03", "close": 1174.744385, "volume": 3562563, "typical_volume": 3843352.0, "trend": 1404.886499, "fair_value": 1492.477355, "relative_strength": -11.48131, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.257413, "energy": 83.405737, "activity_lines": [ 1236.675627, 1289.041886, 1329.051023, 1359.977131 ] }, { "date": "2026-04-10", "close": 1275.342896, "volume": 4206024, "typical_volume": 3858396.0, "trend": 1395.396977, "fair_value": 1493.224196, "relative_strength": -8.845489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.896724, "energy": 72.343284, "activity_lines": [ 1240.370549, 1281.989762, 1320.922113, 1351.619479 ] }, { "date": "2026-04-17", "close": 1299.92041, "volume": 3803625, "typical_volume": 3833445.6, "trend": 1386.124882, "fair_value": 1493.987995, "relative_strength": -7.802423, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.665262, "energy": 50.433949, "activity_lines": [ 1256.735653, 1279.46598, 1315.868382, 1345.459701 ] }, { "date": "2026-04-24", "close": 1232.456665, "volume": 13770799, "typical_volume": 4409497.5, "trend": 1377.361776, "fair_value": 1494.184379, "relative_strength": -10.498906, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.464562, "energy": 44.507946, "activity_lines": [ 1250.864917, 1265.555318, 1305.010736, 1335.545622 ] }, { "date": "2026-05-01", "close": 1234.446777, "volume": 7010530, "typical_volume": 4594127.4, "trend": 1369.303198, "fair_value": 1494.045333, "relative_strength": -10.369193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.069795, "energy": 36.512204, "activity_lines": [ 1248.483463, 1254.998853, 1295.259577, 1326.3253 ] }, { "date": "2026-05-08", "close": 1248.974365, "volume": 4126789, "typical_volume": 4684977.35, "trend": 1361.470951, "fair_value": 1493.873224, "relative_strength": -9.618798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.255825, "energy": 31.745971, "activity_lines": [ 1250.34751, 1250.200957, 1287.672402, 1318.562149 ] }, { "date": "2026-05-15", "close": 1203.600464, "volume": 3336301, "typical_volume": 4770116.15, "trend": 1352.271737, "fair_value": 1493.70083, "relative_strength": -10.597291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.708984, "energy": 43.583129, "activity_lines": [ 1232.138257, 1239.720463, 1276.509612, 1308.376957 ] }, { "date": "2026-05-22", "close": 1200.900024, "volume": 3528570, "typical_volume": 4871765.95, "trend": 1342.870081, "fair_value": 1493.32576, "relative_strength": -10.71566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.965868, "energy": 43.700605, "activity_lines": [ 1217.811686, 1231.274574, 1266.057554, 1298.61104 ] }, { "date": "2026-05-29", "close": 1176.800049, "volume": 6431590, "typical_volume": 4979246.5, "trend": 1332.698157, "fair_value": 1492.503038, "relative_strength": -11.533208, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.212275, "energy": 52.45563, "activity_lines": [ 1202.053149, 1220.315989, 1254.393542, 1287.896844 ] }, { "date": "2026-06-05", "close": 1150.5, "volume": 751308, "typical_volume": 4831188.9, "trend": 1323.150802, "fair_value": 1491.421243, "relative_strength": -12.506692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.386074, "energy": 66.027133, "activity_lines": [ 1181.238371, 1206.358219, 1241.540906, 1276.142124 ] }, { "date": "2026-06-12", "close": 1154.099976, "volume": 458490, "typical_volume": 4386921.8, "trend": 1313.032349, "fair_value": 1490.331106, "relative_strength": -12.797632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.452866, "energy": 67.799888, "activity_lines": [ 1167.220036, 1194.418468, 1230.289218, 1265.235619 ] }, { "date": "2026-06-19", "close": 1176.300049, "volume": 681280, "typical_volume": 4170228.25, "trend": 1304.589689, "fair_value": 1489.797366, "relative_strength": -12.215187, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.204681, "energy": 61.089973, "activity_lines": [ 1166.926685, 1186.890447, 1221.754282, 1256.414181 ] }, { "date": "2026-06-26", "close": 1178.300049, "volume": 0, "typical_volume": 4014029.6, "trend": 1296.187244, "fair_value": 1489.289958, "relative_strength": -11.869133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.304619, "energy": 56.275967, "activity_lines": [ 1169.120028, 1181.526842, 1213.897092, 1248.266462 ] }, { "date": "2026-07-03", "close": 1181.099976, "volume": 474220, "typical_volume": 3901962.95, "trend": 1288.056689, "fair_value": 1488.790443, "relative_strength": -12.052112, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.139192, "energy": 42.938915, "activity_lines": [ 1173.753345, 1178.883594, 1207.115988, 1240.841477 ] }, { "date": "2026-07-10", "close": 1188.400024, "volume": 8706641, "typical_volume": 4243429.6, "trend": 1281.058968, "fair_value": 1488.360659, "relative_strength": -10.929005, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.122267, "energy": 33.330774, "activity_lines": [ 1180.53335, 1178.501385, 1202.058394, 1234.412015 ] }, { "date": "2026-07-17", "close": 1187.300049, "volume": 9875617, "typical_volume": 4571514.55, "trend": 1273.783191, "fair_value": 1487.782443, "relative_strength": -11.11949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.722908, "energy": 29.210371, "activity_lines": [ 1184.420028, 1178.756394, 1197.931719, 1228.363052 ] }, { "date": "2026-07-24", "close": 1226.900024, "volume": 6071150, "typical_volume": 4744819.4, "trend": 1267.784432, "fair_value": 1487.320776, "relative_strength": -5.65944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.137771, "energy": 19.515841, "activity_lines": [ 1199.293359, 1187.33275, 1198.542519, 1225.338332 ] }, { "date": "2026-07-31", "close": 1260.400024, "volume": 4626509, "typical_volume": 4695584.15, "trend": 1262.184786, "fair_value": 1487.143915, "relative_strength": -5.260119, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.088467, "energy": 14.830164, "activity_lines": [ 1221.960026, 1201.576387, 1202.89431, 1224.861918 ] }, { "date": "2026-08-07", "close": 1288.0, "volume": 6802315, "typical_volume": 4826740.2, "trend": 1256.678463, "fair_value": 1487.226292, "relative_strength": -3.640192, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 19.799438, "energy": 31.655733, "activity_lines": [ 1248.353353, 1219.756383, 1210.080867, 1226.527416 ] } ], "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." } } }