{ "ticker": { "uuid": "d4de8b4c-1d5c-454f-a336-bdefc63b2b4e", "symbol": "SDIS", "name": "Leverage Shares -1x Short Disney ETP Securities", "exchange": "LSE", "country": "GB", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "up", "architecture_direction": 6.193, "architecture_energy": 6.494, "architecture_maturity": 21.68, "architecture_confidence": 61.094, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 56.38, "rotation_up": 28.5, "upward_expansion": 64.19, "deceleration": 80.96, "rotation_down": 27.97, "downward_expansion": 14.19 }, "activity_lines": [ 471.03, 474.587273, 470.844761, 470.319461 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 442.5, "trend_reference": 465.445832, "distance_from_trend": -0.049299, "trend_direction": "Improving", "fair_value": 555.851197, "distance_from_fair_value": -0.203924, "fair_value_direction": "Improving", "relative_strength": -10.951564, "relative_strength_direction": "Weakening", "price_momentum": 0.001811, "excess_performance": -0.049424, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.049299, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.017259, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.203924, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.057064, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.109516, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.020245, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.001811, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 71.75, "read": "Demand-led" } ], "volume": { "latest": 0, "relative_activity": 0.0, "balance": 71.75, "dry_up": 0.011635, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.03887, "annualized_volatility": 0.284424, "from_high_reference": -0.255098, "from_low_reference": 0.093673 }, "levels": { "trend_reference": 465.445832, "fair_value_reference": 555.851197, "structural_low": 419.799988, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": 0.021242, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.002757, "regime_survival": 0.2, "best_return": 0.069965, "worst_return": -0.101774, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.013258, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.06095, "regime_survival": 0.0, "best_return": 0.068433, "worst_return": -0.165245, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.002705, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.078924, "regime_survival": 0.0, "best_return": 0.145465, "worst_return": -0.291465, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.178069, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.292651, "regime_survival": 0.0, "best_return": -0.004453, "worst_return": -0.351685, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-28", "end": "2025-04-11", "tenure": "New", "return": 0.127804, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-05-09", "tenure": "New", "return": -0.209526, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-16", "end": "2025-05-23", "tenure": "New", "return": 0.009857, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-05-30", "end": "2025-06-13", "tenure": "New", "return": -0.059814, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-06-20", "end": "2025-10-03", "tenure": "Established", "return": 0.043209, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-10", "end": "2025-10-17", "tenure": "New", "return": 0.000112, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-10-24", "end": "2025-11-21", "tenure": "Developing", "return": -0.18145, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-23", "tenure": "Developing", "return": -0.095913, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": 0.058893, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-20", "end": "2026-03-13", "tenure": "New", "return": 0.074549, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-03-20", "end": "2026-05-15", "tenure": "Developing", "return": -0.046055, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-22", "end": "2026-07-03", "tenure": "Developing", "return": 0.041166, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-10", "end": "2026-07-31", "tenure": "New", "return": -0.002769, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 834.656982, "volume": 0, "typical_volume": 0.0, "trend": 761.483133, "fair_value": 581.596369, "relative_strength": 18.716206, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.676076, "energy": 55.371347, "activity_lines": [ 825.82526, 821.357122, 804.986875, 787.911258 ] }, { "date": "2023-08-25", "close": 860.335999, "volume": 0, "typical_volume": 0.0, "trend": 768.100833, "fair_value": 584.020191, "relative_strength": 20.118217, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.375943, "energy": 62.359802, "activity_lines": [ 837.126929, 829.454577, 812.18739, 794.288863 ] }, { "date": "2023-09-01", "close": 878.887024, "volume": 0, "typical_volume": 0.0, "trend": 775.599533, "fair_value": 586.562147, "relative_strength": 19.75413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.779215, "energy": 76.390569, "activity_lines": [ 852.211939, 839.556455, 820.503321, 801.436359 ] }, { "date": "2023-09-08", "close": 880.437988, "volume": 0, "typical_volume": 0.0, "trend": 782.615298, "fair_value": 589.073906, "relative_strength": 18.832784, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.107314, "energy": 89.078503, "activity_lines": [ 864.895333, 848.765999, 828.227944, 808.20013 ] }, { "date": "2023-09-15", "close": 839.788025, "volume": 0, "typical_volume": 0.0, "trend": 787.680665, "fair_value": 591.198602, "relative_strength": 9.424846, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.647116, "energy": 71.828497, "activity_lines": [ 860.845475, 849.201786, 831.346861, 811.888693 ] }, { "date": "2023-09-22", "close": 884.070984, "volume": 0, "typical_volume": 0.0, "trend": 793.102131, "fair_value": 593.659715, "relative_strength": 15.263619, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.972018, "energy": 69.3467, "activity_lines": [ 869.262069, 857.162001, 838.039293, 818.107423 ] }, { "date": "2023-09-29", "close": 887.06897, "volume": 0, "typical_volume": 0.0, "trend": 798.814197, "fair_value": 596.104792, "relative_strength": 16.477474, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.691888, "energy": 61.576782, "activity_lines": [ 875.383724, 864.344086, 844.223914, 824.1698 ] }, { "date": "2023-10-06", "close": 866.359985, "volume": 0, "typical_volume": 0.0, "trend": 801.934363, "fair_value": 598.338306, "relative_strength": 15.130163, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.676033, "energy": 49.047306, "activity_lines": [ 872.820186, 866.620212, 847.918204, 828.527593 ] }, { "date": "2023-10-13", "close": 852.51001, "volume": 0, "typical_volume": 0.0, "trend": 804.478996, "fair_value": 600.42168, "relative_strength": 11.516799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.843527, "energy": 44.35002, "activity_lines": [ 866.475126, 865.809941, 849.897929, 831.790538 ] }, { "date": "2023-10-20", "close": 870.278992, "volume": 0, "typical_volume": 0.0, "trend": 807.871363, "fair_value": 602.615642, "relative_strength": 16.43091, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.362914, "energy": 39.478492, "activity_lines": [ 867.914925, 867.870013, 853.371234, 836.035699 ] }, { "date": "2023-10-27", "close": 907.112, "volume": 0, "typical_volume": 0.0, "trend": 814.048729, "fair_value": 605.071258, "relative_strength": 22.367325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.695809, "energy": 47.697428, "activity_lines": [ 879.599663, 875.446832, 859.96532, 842.438321 ] }, { "date": "2023-11-03", "close": 845.55603, "volume": 0, "typical_volume": 0.0, "trend": 818.115497, "fair_value": 606.995136, "relative_strength": 11.646675, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.148835, "energy": 27.694471, "activity_lines": [ 869.229675, 870.514292, 860.090419, 844.47105 ] }, { "date": "2023-11-10", "close": 811.471008, "volume": 0, "typical_volume": 0.0, "trend": 821.041431, "fair_value": 608.617961, "relative_strength": 7.612664, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 11.238604, "energy": 8.591701, "activity_lines": [ 850.265544, 859.653203, 856.681291, 844.042373 ] }, { "date": "2023-11-17", "close": 760.547974, "volume": 0, "typical_volume": 0.0, "trend": 822.185064, "fair_value": 609.81426, "relative_strength": -1.25505, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -39.07423, "energy": 35.123637, "activity_lines": [ 817.986332, 840.759125, 848.435817, 840.139569 ] }, { "date": "2023-11-24", "close": 746.127014, "volume": 0, "typical_volume": 0.0, "trend": 823.570397, "fair_value": 610.879203, "relative_strength": -3.250469, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.923943, "energy": 63.375327, "activity_lines": [ 787.030937, 821.422874, 839.025647, 835.232598 ] }, { "date": "2023-12-01", "close": 774.414978, "volume": 0, "typical_volume": 0.0, "trend": 825.468529, "fair_value": 612.146923, "relative_strength": -0.555893, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.559555, "energy": 66.569763, "activity_lines": [ 773.781661, 808.932816, 832.617545, 832.061281 ] }, { "date": "2023-12-08", "close": 770.515991, "volume": 0, "typical_volume": 0.0, "trend": 825.209763, "fair_value": 613.365146, "relative_strength": -1.710584, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.991329, "energy": 70.736815, "activity_lines": [ 768.079191, 797.727597, 826.013726, 828.515956 ] }, { "date": "2023-12-15", "close": 765.596985, "volume": 0, "typical_volume": 0.0, "trend": 824.619628, "fair_value": 614.527221, "relative_strength": -2.449059, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.902047, "energy": 69.056922, "activity_lines": [ 765.739722, 787.747158, 819.197691, 824.66997 ] }, { "date": "2023-12-22", "close": 786.146, "volume": 0, "typical_volume": 0.0, "trend": 823.798428, "fair_value": 615.827363, "relative_strength": -1.248059, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -60.997681, "energy": 52.14709, "activity_lines": [ 773.308192, 783.334958, 814.66971, 822.187801 ] }, { "date": "2023-12-29", "close": 793.441, "volume": 0, "typical_volume": 0.0, "trend": 823.947029, "fair_value": 617.162804, "relative_strength": -0.611162, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -47.518304, "energy": 38.812136, "activity_lines": [ 781.601794, 781.455741, 811.058125, 820.229257 ] }, { "date": "2024-01-05", "close": 788.859985, "volume": 0, "typical_volume": 0.0, "trend": 824.250896, "fair_value": 618.444127, "relative_strength": -0.663901, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -43.871134, "energy": 33.813194, "activity_lines": [ 785.214126, 780.140666, 807.067057, 817.965577 ] }, { "date": "2024-01-12", "close": 794.14801, "volume": 0, "typical_volume": 0.0, "trend": 824.55353, "fair_value": 619.745637, "relative_strength": 0.643704, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.962083, "energy": 25.537393, "activity_lines": [ 789.626132, 781.937086, 803.797692, 816.023455 ] }, { "date": "2024-01-19", "close": 770.237, "volume": 0, "typical_volume": 0.0, "trend": 823.084797, "fair_value": 620.852191, "relative_strength": -0.49547, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.865837, "energy": 32.100743, "activity_lines": [ 784.492333, 780.320742, 798.566268, 812.519163 ] }, { "date": "2024-01-26", "close": 751.892, "volume": 0, "typical_volume": 0.0, "trend": 821.335164, "fair_value": 621.808686, "relative_strength": -5.301506, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.464344, "energy": 51.292542, "activity_lines": [ 772.9342, 776.118652, 792.105083, 807.926079 ] }, { "date": "2024-02-02", "close": 738.552, "volume": 0, "typical_volume": 0.0, "trend": 818.926831, "fair_value": 622.654652, "relative_strength": -6.986889, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.691261, "energy": 78.640723, "activity_lines": [ 759.213, 769.648489, 784.985545, 802.58523 ] }, { "date": "2024-02-09", "close": 653.122, "volume": 0, "typical_volume": 0.0, "trend": 813.654431, "fair_value": 622.873842, "relative_strength": -17.299076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.382904, "energy": 97.023946, "activity_lines": [ 720.674401, 747.783326, 770.211893, 791.888144 ] }, { "date": "2024-02-16", "close": 634.871, "volume": 0, "typical_volume": 0.0, "trend": 807.339098, "fair_value": 622.959536, "relative_strength": -21.00761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -96.411852, "energy": 98.574877, "activity_lines": [ 685.101333, 724.805127, 754.799808, 780.353729 ] }, { "date": "2024-02-23", "close": 657.989, "volume": 0, "typical_volume": 0.0, "trend": 801.435132, "fair_value": 623.207971, "relative_strength": -17.98025, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.081358, "energy": 92.578232, "activity_lines": [ 667.852733, 708.496473, 742.790379, 770.718239 ] }, { "date": "2024-03-01", "close": 633.719, "volume": 0, "typical_volume": 0.0, "trend": 794.802798, "fair_value": 623.281993, "relative_strength": -20.64987, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.432842, "energy": 94.503637, "activity_lines": [ 649.997333, 689.7316, 729.461765, 759.897843 ] }, { "date": "2024-03-08", "close": 643.266, "volume": 0, "typical_volume": 0.0, "trend": 789.399331, "fair_value": 623.421741, "relative_strength": -18.978637, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.58792, "energy": 88.830266, "activity_lines": [ 643.202467, 675.473946, 718.084251, 750.121276 ] }, { "date": "2024-03-15", "close": 634.454, "volume": 0, "typical_volume": 0.0, "trend": 782.725898, "fair_value": 623.498354, "relative_strength": -20.438695, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.804982, "energy": 81.164869, "activity_lines": [ 639.822667, 662.344564, 706.948513, 740.124803 ] }, { "date": "2024-03-22", "close": 613.323, "volume": 0, "typical_volume": 0.0, "trend": 774.492132, "fair_value": 623.428179, "relative_strength": -24.690944, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.880121, "energy": 73.865286, "activity_lines": [ 630.643733, 648.180564, 695.09867, 729.195583 ] }, { "date": "2024-03-29", "close": 580.74, "volume": 0, "typical_volume": 0.0, "trend": 764.553898, "fair_value": 623.135794, "relative_strength": -28.598145, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -90.616367, "energy": 76.048659, "activity_lines": [ 612.040333, 631.380109, 681.251556, 716.695446 ] }, { "date": "2024-04-05", "close": 600.186, "volume": 0, "typical_volume": 0.0, "trend": 755.212165, "fair_value": 622.979673, "relative_strength": -25.574833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.468416, "energy": 69.486574, "activity_lines": [ 605.068867, 621.560691, 670.355161, 706.091065 ] }, { "date": "2024-04-12", "close": 623.416, "volume": 0, "typical_volume": 0.0, "trend": 747.999764, "fair_value": 622.982621, "relative_strength": -23.30822, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.587203, "energy": 66.873297, "activity_lines": [ 608.076267, 618.7232, 662.434776, 697.588087 ] }, { "date": "2024-04-19", "close": 512.849976, "volume": 4, "typical_volume": 0.2, "trend": 735.62573, "fair_value": 622.243476, "relative_strength": -35.787589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -93.955753, "energy": 76.096466, "activity_lines": [ 575.551659, 597.876177, 644.568631, 682.417133 ] }, { "date": "2024-04-26", "close": 509.674988, "volume": 2, "typical_volume": 0.3, "trend": 723.045931, "fair_value": 621.49302, "relative_strength": -37.779006, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -89.207803, "energy": 74.848042, "activity_lines": [ 550.075656, 579.002285, 627.645654, 667.839666 ] }, { "date": "2024-05-03", "close": 502.274994, "volume": 51, "typical_volume": 2.85, "trend": 710.909765, "fair_value": 620.703496, "relative_strength": -38.869453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.99808, "energy": 73.559254, "activity_lines": [ 529.042857, 561.05923, 611.260015, 653.596379 ] }, { "date": "2024-05-10", "close": 533.799988, "volume": 892, "typical_volume": 47.45, "trend": 700.286097, "fair_value": 620.131763, "relative_strength": -36.275519, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.083437, "energy": 78.309091, "activity_lines": [ 523.749389, 551.679156, 599.130672, 642.169942 ] }, { "date": "2024-05-17", "close": 538.875, "volume": 23, "typical_volume": 48.6, "trend": 689.239297, "fair_value": 619.600673, "relative_strength": -35.101807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.394548, "energy": 79.109543, "activity_lines": [ 524.573326, 545.03852, 588.68631, 631.756323 ] }, { "date": "2024-05-24", "close": 545.400024, "volume": 1, "typical_volume": 48.65, "trend": 677.182232, "fair_value": 619.11885, "relative_strength": -32.972566, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.982344, "energy": 63.719973, "activity_lines": [ 533.208337, 541.482271, 580.075598, 622.47637 ] }, { "date": "2024-05-31", "close": 538.799988, "volume": 20, "typical_volume": 49.65, "trend": 666.95703, "fair_value": 618.600664, "relative_strength": -32.937089, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.262818, "energy": 52.967232, "activity_lines": [ 537.473334, 538.345179, 571.995645, 613.548483 ] }, { "date": "2024-06-07", "close": 556.75, "volume": 263, "typical_volume": 62.8, "trend": 658.46633, "fair_value": 618.204185, "relative_strength": -29.957055, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.840584, "energy": 41.354583, "activity_lines": [ 545.780001, 539.826688, 566.841159, 606.438352 ] }, { "date": "2024-06-14", "close": 560.474976, "volume": 123, "typical_volume": 68.95, "trend": 651.79723, "fair_value": 619.398256, "relative_strength": -28.149647, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.898103, "energy": 32.435616, "activity_lines": [ 551.696659, 542.421648, 563.058038, 600.116329 ] }, { "date": "2024-06-21", "close": 551.950012, "volume": 14, "typical_volume": 69.65, "trend": 645.324663, "fair_value": 620.634153, "relative_strength": -29.425336, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.387186, "energy": 29.583819, "activity_lines": [ 552.993331, 544.188634, 559.374525, 593.674573 ] }, { "date": "2024-06-28", "close": 555.0, "volume": 209, "typical_volume": 80.1, "trend": 638.010831, "fair_value": 621.848256, "relative_strength": -27.828062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.633567, "energy": 24.346798, "activity_lines": [ 554.434998, 547.809544, 556.870068, 587.847176 ] }, { "date": "2024-07-05", "close": 565.825012, "volume": 839, "typical_volume": 122.05, "trend": 631.187798, "fair_value": 623.147775, "relative_strength": -26.132504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.68736, "energy": 20.206934, "activity_lines": [ 558.845003, 552.632274, 555.863813, 583.190026 ] }, { "date": "2024-07-12", "close": 558.825012, "volume": 144, "typical_volume": 129.25, "trend": 624.295399, "fair_value": 624.465884, "relative_strength": -26.855625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.027456, "energy": 15.239382, "activity_lines": [ 559.120007, 555.161367, 554.519681, 578.521459 ] }, { "date": "2024-07-19", "close": 571.224976, "volume": 36, "typical_volume": 131.05, "trend": 617.131365, "fair_value": 625.790083, "relative_strength": -23.747138, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.025573, "energy": 13.437957, "activity_lines": [ 563.389998, 558.916817, 554.828707, 575.097561 ] }, { "date": "2024-07-26", "close": 614.224976, "volume": 1007, "typical_volume": 181.4, "trend": 611.157497, "fair_value": 627.442166, "relative_strength": -18.707937, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 12.144011, "energy": 18.744089, "activity_lines": [ 581.276656, 569.809994, 559.530562, 574.910052 ] }, { "date": "2024-08-02", "close": 615.575012, "volume": 926, "typical_volume": 227.7, "trend": 605.381331, "fair_value": 629.103544, "relative_strength": -16.812913, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 11.558504, "energy": 28.676127, "activity_lines": [ 595.461662, 579.578633, 564.499283, 575.195053 ] }, { "date": "2024-08-09", "close": 649.950012, "volume": 2915, "typical_volume": 373.45, "trend": 600.574732, "fair_value": 631.070852, "relative_strength": -11.580684, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 44.04986, "energy": 63.957569, "activity_lines": [ 617.066667, 594.321363, 572.831713, 578.070452 ] }, { "date": "2024-08-16", "close": 613.224976, "volume": 758, "typical_volume": 411.35, "trend": 595.340997, "fair_value": 632.633833, "relative_strength": -17.287828, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 24.899338, "energy": 55.175317, "activity_lines": [ 620.821659, 600.365905, 577.492106, 578.886597 ] }, { "date": "2024-08-23", "close": 591.0, "volume": 0, "typical_volume": 411.35, "trend": 589.977931, "fair_value": 634.12614, "relative_strength": -19.640977, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 31.841035, "energy": 49.240728, "activity_lines": [ 613.541663, 601.342724, 579.881144, 578.606532 ] }, { "date": "2024-08-30", "close": 599.674988, "volume": 0, "typical_volume": 411.35, "trend": 585.348697, "fair_value": 635.726301, "relative_strength": -18.113476, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.769369, "energy": 38.102154, "activity_lines": [ 607.834994, 603.341813, 583.140115, 579.232149 ] }, { "date": "2024-09-06", "close": 611.25, "volume": 14, "typical_volume": 411.85, "trend": 583.952964, "fair_value": 637.467326, "relative_strength": -13.726031, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.884263, "energy": 23.673975, "activity_lines": [ 606.956661, 606.577722, 587.61452, 580.903201 ] }, { "date": "2024-09-13", "close": 602.450012, "volume": 252, "typical_volume": 424.35, "trend": 582.872264, "fair_value": 639.120532, "relative_strength": -15.230331, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 13.073792, "energy": 13.821404, "activity_lines": [ 603.433333, 607.190907, 590.78226, 582.096559 ] }, { "date": "2024-09-20", "close": 574.625, "volume": 286, "typical_volume": 436.1, "trend": 580.093464, "fair_value": 640.480307, "relative_strength": -17.890648, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.387101, "energy": 16.665259, "activity_lines": [ 593.801668, 602.079089, 590.858212, 581.564477 ] }, { "date": "2024-09-27", "close": 547.200012, "volume": 251, "typical_volume": 404.05, "trend": 577.209498, "fair_value": 641.647936, "relative_strength": -21.7633, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.231319, "energy": 13.452065, "activity_lines": [ 577.601672, 591.693638, 587.977738, 579.442319 ] }, { "date": "2024-10-04", "close": 575.549988, "volume": 0, "typical_volume": 402.9, "trend": 574.952297, "fair_value": 643.046012, "relative_strength": -16.429159, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -8.903344, "energy": 18.986472, "activity_lines": [ 573.771667, 586.899545, 587.733451, 579.335254 ] }, { "date": "2024-10-11", "close": 574.299988, "volume": 24, "typical_volume": 404.05, "trend": 572.947164, "fair_value": 644.429346, "relative_strength": -15.506674, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -11.785132, "energy": 22.81267, "activity_lines": [ 571.133329, 582.581361, 587.195474, 579.293169 ] }, { "date": "2024-10-18", "close": 562.375, "volume": 4, "typical_volume": 403.25, "trend": 571.248897, "fair_value": 645.659955, "relative_strength": -17.325673, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.055295, "energy": 26.144797, "activity_lines": [ 566.983329, 576.845452, 585.384164, 578.611094 ] }, { "date": "2024-10-25", "close": 569.599976, "volume": 701, "typical_volume": 425.15, "trend": 570.877563, "fair_value": 646.935595, "relative_strength": -14.027363, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -13.681603, "energy": 21.240987, "activity_lines": [ 567.913322, 574.015449, 584.148686, 578.504712 ] }, { "date": "2024-11-01", "close": 570.674988, "volume": 15, "typical_volume": 419.75, "trend": 569.893862, "fair_value": 648.286397, "relative_strength": -12.181478, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.269563, "energy": 18.544084, "activity_lines": [ 569.536654, 572.174083, 582.9544, 578.491643 ] }, { "date": "2024-11-08", "close": 556.450012, "volume": 18, "typical_volume": 419.95, "trend": 567.661663, "fair_value": 649.30082, "relative_strength": -12.382869, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.611015, "energy": 28.141524, "activity_lines": [ 564.853329, 568.115905, 580.356782, 577.624298 ] }, { "date": "2024-11-15", "close": 493.075012, "volume": 432, "typical_volume": 431.1, "trend": 567.002497, "fair_value": 649.818608, "relative_strength": -21.505694, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -53.602284, "energy": 51.990055, "activity_lines": [ 540.318335, 553.320907, 571.702021, 572.812256 ] }, { "date": "2024-11-22", "close": 488.424988, "volume": 734, "typical_volume": 425.85, "trend": 566.294164, "fair_value": 650.171974, "relative_strength": -23.347196, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -54.123642, "energy": 68.984956, "activity_lines": [ 519.648332, 539.829087, 562.899282, 567.742739 ] }, { "date": "2024-11-29", "close": 473.799988, "volume": 727, "typical_volume": 455.0, "trend": 565.344997, "fair_value": 650.39505, "relative_strength": -25.014402, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.49478, "energy": 84.090219, "activity_lines": [ 499.033329, 525.751358, 553.072258, 561.775373 ] }, { "date": "2024-12-06", "close": 473.100006, "volume": 4, "typical_volume": 453.4, "trend": 563.321664, "fair_value": 650.731589, "relative_strength": -24.458705, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.299535, "energy": 85.844177, "activity_lines": [ 484.571665, 513.379542, 543.583449, 555.824083 ] }, { "date": "2024-12-13", "close": 492.450012, "volume": 575, "typical_volume": 431.8, "trend": 561.774165, "fair_value": 651.156589, "relative_strength": -20.443594, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.543132, "energy": 81.956708, "activity_lines": [ 483.065002, 505.873182, 536.40476, 551.251718 ] }, { "date": "2024-12-20", "close": 498.799988, "volume": 58, "typical_volume": 388.4, "trend": 560.22083, "fair_value": 651.725499, "relative_strength": -16.396094, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.89748, "energy": 69.855082, "activity_lines": [ 487.941665, 501.032271, 530.410712, 547.188868 ] }, { "date": "2024-12-27", "close": 502.475006, "volume": 438, "typical_volume": 264.55, "trend": 559.009998, "fair_value": 652.384954, "relative_strength": -15.552818, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.49246, "energy": 47.991749, "activity_lines": [ 493.661668, 498.232273, 525.322736, 543.463331 ] }, { "date": "2025-01-03", "close": 510.375, "volume": 187, "typical_volume": 236.0, "trend": 557.464164, "fair_value": 653.136397, "relative_strength": -14.081825, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.704088, "energy": 33.674552, "activity_lines": [ 501.078335, 497.957728, 521.689403, 540.325589 ] }, { "date": "2025-01-10", "close": 533.325012, "volume": 80, "typical_volume": 240.0, "trend": 556.559165, "fair_value": 653.913801, "relative_strength": -9.533755, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.308915, "energy": 21.755661, "activity_lines": [ 513.706671, 502.93273, 520.731547, 538.768225 ] }, { "date": "2025-01-17", "close": 537.974976, "volume": 77, "typical_volume": 243.85, "trend": 556.093331, "fair_value": 654.542807, "relative_strength": -10.537059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.528078, "energy": 20.889224, "activity_lines": [ 523.869995, 509.43227, 520.491188, 537.569245 ] }, { "date": "2025-01-24", "close": 499.075012, "volume": 145, "typical_volume": 250.4, "trend": 554.229165, "fair_value": 654.808352, "relative_strength": -16.070506, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.635255, "energy": 21.587714, "activity_lines": [ 518.031667, 509.195, 516.83988, 533.890644 ] }, { "date": "2025-01-31", "close": 500.375, "volume": 0, "typical_volume": 237.8, "trend": 552.047498, "fair_value": 655.208192, "relative_strength": -16.615678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.040162, "energy": 18.965824, "activity_lines": [ 512.608333, 509.085, 513.846547, 530.416181 ] }, { "date": "2025-02-07", "close": 510.924988, "volume": 608, "typical_volume": 253.9, "trend": 550.45083, "fair_value": 655.936557, "relative_strength": -14.462462, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.464548, "energy": 17.881483, "activity_lines": [ 510.841663, 510.675907, 512.344046, 527.763116 ] }, { "date": "2025-02-14", "close": 506.5, "volume": 555, "typical_volume": 269.1, "trend": 548.293331, "fair_value": 656.599378, "relative_strength": -14.934415, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.445526, "energy": 27.357274, "activity_lines": [ 507.56333, 510.787271, 510.723451, 524.927579 ] }, { "date": "2025-02-21", "close": 501.299988, "volume": 89, "typical_volume": 273.55, "trend": 544.529165, "fair_value": 657.168929, "relative_strength": -14.433547, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.10706, "energy": 27.84915, "activity_lines": [ 504.339994, 509.345905, 508.801426, 521.89575 ] }, { "date": "2025-02-28", "close": 495.299988, "volume": 38, "typical_volume": 274.25, "trend": 540.519997, "fair_value": 657.493287, "relative_strength": -16.274935, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.929466, "energy": 35.872096, "activity_lines": [ 501.561658, 506.652722, 506.661544, 518.719674 ] }, { "date": "2025-03-07", "close": 523.625, "volume": 564, "typical_volume": 302.25, "trend": 536.309163, "fair_value": 657.828384, "relative_strength": -9.550548, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.716656, "energy": 18.165914, "activity_lines": [ 508.47666, 509.173177, 507.595473, 517.629674 ] }, { "date": "2025-03-14", "close": 550.25, "volume": 302, "typical_volume": 282.3, "trend": 534.209998, "fair_value": 658.51973, "relative_strength": -3.918629, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.452814, "energy": 7.294153, "activity_lines": [ 522.716663, 516.149996, 511.24964, 518.529083 ] }, { "date": "2025-03-21", "close": 545.625, "volume": 6, "typical_volume": 281.85, "trend": 532.697498, "fair_value": 659.151941, "relative_strength": -4.491976, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.800688, "energy": 21.964389, "activity_lines": [ 532.793331, 521.560905, 514.555474, 519.265535 ] }, { "date": "2025-03-28", "close": 551.625, "volume": 1197, "typical_volume": 340.8, "trend": 531.095831, "fair_value": 659.79473, "relative_strength": -3.314394, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.758172, "energy": 39.486651, "activity_lines": [ 542.261666, 527.839088, 518.552021, 520.486664 ] }, { "date": "2025-04-04", "close": 629.875, "volume": 3360, "typical_volume": 487.2, "trend": 531.716665, "fair_value": 660.79489, "relative_strength": 18.597092, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 62.267731, "energy": 74.739956, "activity_lines": [ 574.458333, 548.096361, 530.023926, 526.859514 ] }, { "date": "2025-04-11", "close": 622.125, "volume": 2453, "typical_volume": 573.15, "trend": 532.372498, "fair_value": 661.752742, "relative_strength": 18.468337, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 81.160573, "energy": 82.719054, "activity_lines": [ 595.1, 564.566362, 540.106307, 532.69231 ] }, { "date": "2025-04-18", "close": 603.625, "volume": 9, "typical_volume": 537.25, "trend": 533.339164, "fair_value": 662.255948, "relative_strength": 10.361774, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.798637, "energy": 80.512127, "activity_lines": [ 603.008333, 575.45909, 547.790117, 537.289245 ] }, { "date": "2025-04-25", "close": 566.625, "volume": 184, "typical_volume": 546.25, "trend": 533.986664, "fair_value": 662.283191, "relative_strength": 1.738798, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.17156, "energy": 74.755522, "activity_lines": [ 595.025, 577.93909, 551.331903, 539.436719 ] }, { "date": "2025-05-02", "close": 551.875, "volume": 802, "typical_volume": 557.6, "trend": 533.197498, "fair_value": 662.090082, "relative_strength": -3.082918, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.550597, "energy": 42.510743, "activity_lines": [ 580.725, 576.644091, 553.02357, 540.590805 ] }, { "date": "2025-05-09", "close": 477.149994, "volume": 1316, "typical_volume": 620.5, "trend": 529.959164, "fair_value": 661.253704, "relative_strength": -15.614049, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 4.688536, "energy": 15.078975, "activity_lines": [ 541.499998, 560.843181, 547.315593, 536.974837 ] }, { "date": "2025-05-16", "close": 446.399994, "volume": 851, "typical_volume": 641.15, "trend": 526.093331, "fair_value": 660.112037, "relative_strength": -21.946215, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.002307, "energy": 39.452712, "activity_lines": [ 502.206663, 539.781362, 538.78214, 531.583923 ] }, { "date": "2025-05-23", "close": 450.799988, "volume": 90, "typical_volume": 636.3, "trend": 522.133331, "fair_value": 659.268608, "relative_strength": -21.159692, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -37.37057, "energy": 47.279161, "activity_lines": [ 476.094993, 520.923632, 530.934759, 526.726288 ] }, { "date": "2025-05-30", "close": 439.700012, "volume": 384, "typical_volume": 651.5, "trend": 517.767499, "fair_value": 658.361236, "relative_strength": -23.240567, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.438618, "energy": 67.833962, "activity_lines": [ 456.471665, 501.855908, 522.313927, 521.408009 ] }, { "date": "2025-06-06", "close": 434.149994, "volume": 121, "typical_volume": 653.7, "trend": 513.690832, "fair_value": 657.039281, "relative_strength": -24.3613, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.54733, "energy": 75.246158, "activity_lines": [ 443.459998, 483.704998, 513.610355, 516.013331 ] }, { "date": "2025-06-13", "close": 413.399994, "volume": 2379, "typical_volume": 765.4, "trend": 511.034998, "fair_value": 655.335915, "relative_strength": -27.606286, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.203638, "energy": 88.051449, "activity_lines": [ 431.379997, 463.91727, 503.424997, 509.542955 ] }, { "date": "2025-06-20", "close": 420.049988, "volume": 2, "typical_volume": 765.5, "trend": 508.755831, "fair_value": 653.840242, "relative_strength": -25.379966, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.781926, "energy": 83.253271, "activity_lines": [ 425.766661, 449.274541, 494.280949, 503.672954 ] }, { "date": "2025-06-27", "close": 394.950012, "volume": 400, "typical_volume": 755.1, "trend": 506.127498, "fair_value": 651.956909, "relative_strength": -29.544076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.094011, "energy": 84.19488, "activity_lines": [ 413.543333, 433.742271, 483.128927, 496.330643 ] }, { "date": "2025-07-04", "close": 397.450012, "volume": 23, "typical_volume": 728.5, "trend": 503.605832, "fair_value": 650.204185, "relative_strength": -28.776644, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.722362, "energy": 86.729998, "activity_lines": [ 405.87667, 422.458637, 472.767261, 489.319192 ] }, { "date": "2025-07-11", "close": 410.100006, "volume": 0, "typical_volume": 724.05, "trend": 500.860832, "fair_value": 648.333031, "relative_strength": -26.996371, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.722662, "energy": 86.327244, "activity_lines": [ 405.243339, 416.550911, 464.129643, 483.286558 ] }, { "date": "2025-07-18", "close": 407.75, "volume": 306, "typical_volume": 737.45, "trend": 497.825832, "fair_value": 646.920371, "relative_strength": -27.276694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.068659, "energy": 84.697267, "activity_lines": [ 405.430005, 412.793638, 455.7025, 477.279408 ] }, { "date": "2025-07-25", "close": 408.649994, "volume": 5, "typical_volume": 709.5, "trend": 494.698332, "fair_value": 645.623255, "relative_strength": -27.484845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.874398, "energy": 81.354765, "activity_lines": [ 406.293335, 410.461819, 447.777976, 471.526128 ] }, { "date": "2025-08-01", "close": 430.649994, "volume": 3, "typical_volume": 694.55, "trend": 492.040832, "fair_value": 644.472774, "relative_strength": -22.474149, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.388924, "energy": 52.298609, "activity_lines": [ 415.249998, 412.816364, 442.49619, 467.393977 ] }, { "date": "2025-08-08", "close": 438.5, "volume": 1368, "typical_volume": 762.65, "trend": 488.879998, "fair_value": 643.899056, "relative_strength": -20.513552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.344366, "energy": 45.578925, "activity_lines": [ 424.443331, 416.964545, 438.531547, 463.93973 ] }, { "date": "2025-08-15", "close": 420.600006, "volume": 1, "typical_volume": 702.85, "trend": 484.967499, "fair_value": 643.106428, "relative_strength": -23.444881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.263207, "energy": 41.461025, "activity_lines": [ 424.933333, 417.880001, 433.372262, 459.534569 ] }, { "date": "2025-08-22", "close": 409.350006, "volume": 3, "typical_volume": 535.0, "trend": 481.976665, "fair_value": 642.103864, "relative_strength": -26.313641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.255342, "energy": 45.887529, "activity_lines": [ 420.973336, 416.996366, 427.765477, 454.656021 ] }, { "date": "2025-08-29", "close": 416.450012, "volume": 151, "typical_volume": 419.9, "trend": 479.179166, "fair_value": 641.027422, "relative_strength": -23.291374, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.025477, "energy": 45.566794, "activity_lines": [ 419.27334, 417.477277, 423.885002, 450.428495 ] }, { "date": "2025-09-05", "close": 414.950012, "volume": 14, "typical_volume": 420.15, "trend": 475.98, "fair_value": 639.990243, "relative_strength": -22.998193, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.346329, "energy": 54.351743, "activity_lines": [ 416.553343, 417.750914, 420.841074, 446.284679 ] }, { "date": "2025-09-12", "close": 422.649994, "volume": 138, "typical_volume": 417.85, "trend": 473.185, "fair_value": 638.72598, "relative_strength": -21.499776, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.999978, "energy": 51.752159, "activity_lines": [ 417.446671, 419.060912, 419.428931, 442.844033 ] }, { "date": "2025-09-19", "close": 436.350006, "volume": 558, "typical_volume": 405.65, "trend": 471.02, "fair_value": 637.040723, "relative_strength": -17.756634, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.715784, "energy": 29.975147, "activity_lines": [ 423.963338, 422.40364, 420.007146, 440.467582 ] }, { "date": "2025-09-26", "close": 437.399994, "volume": 2025, "typical_volume": 441.1, "trend": 469.09, "fair_value": 635.340563, "relative_strength": -17.650226, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.668365, "energy": 20.21425, "activity_lines": [ 429.780001, 425.460003, 421.235478, 438.29855 ] }, { "date": "2025-10-03", "close": 438.200012, "volume": 411, "typical_volume": 419.1, "trend": 466.242501, "fair_value": 633.679986, "relative_strength": -18.656393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.24447, "energy": 18.882094, "activity_lines": [ 433.993337, 428.122732, 422.729289, 436.305647 ] }, { "date": "2025-10-10", "close": 447.5, "volume": 588, "typical_volume": 444.0, "trend": 462.817501, "fair_value": 632.043768, "relative_strength": -15.736509, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 3.839752, "energy": 20.329486, "activity_lines": [ 439.856669, 431.939095, 425.14786, 435.096453 ] }, { "date": "2025-10-17", "close": 447.549988, "volume": 44, "typical_volume": 427.0, "trend": 459.548334, "fair_value": 630.558512, "relative_strength": -14.502942, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.689647, "energy": 21.747829, "activity_lines": [ 443.566665, 435.458183, 427.586906, 434.111453 ] }, { "date": "2025-10-24", "close": 594.038025, "volume": 150, "typical_volume": 428.45, "trend": 460.962101, "fair_value": 630.365647, "relative_strength": 10.340662, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 67.465645, "energy": 78.121886, "activity_lines": [ 494.446006, 465.446914, 443.939813, 442.788207 ] }, { "date": "2025-10-31", "close": 450.399994, "volume": 2, "typical_volume": 309.6, "trend": 454.979601, "fair_value": 628.946736, "relative_strength": -16.280862, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.221108, "energy": 53.908681, "activity_lines": [ 486.93347, 466.166221, 445.851536, 442.106781 ] }, { "date": "2025-11-07", "close": 457.850006, "volume": 0, "typical_volume": 309.5, "trend": 449.503768, "fair_value": 627.553948, "relative_strength": -13.94403, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.037381, "energy": 46.630565, "activity_lines": [ 481.037604, 467.493712, 448.296594, 442.291968 ] }, { "date": "2025-11-14", "close": 471.799988, "volume": 9762, "typical_volume": 777.6, "trend": 445.109601, "fair_value": 626.248179, "relative_strength": -11.077464, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 30.201283, "energy": 33.913178, "activity_lines": [ 478.481732, 470.604837, 451.890221, 443.730434 ] }, { "date": "2025-11-21", "close": 486.25, "volume": 83, "typical_volume": 780.6, "trend": 442.430434, "fair_value": 625.460518, "relative_strength": -6.561866, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 53.997546, "energy": 27.492658, "activity_lines": [ 479.122532, 475.3096, 456.494087, 446.384653 ] }, { "date": "2025-11-28", "close": 475.950012, "volume": 65, "typical_volume": 783.85, "trend": 439.899601, "fair_value": 624.635679, "relative_strength": -9.981757, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.967922, "energy": 22.487401, "activity_lines": [ 473.750002, 476.985275, 459.694145, 448.547207 ] }, { "date": "2025-12-05", "close": 468.600006, "volume": 4, "typical_volume": 768.75, "trend": 439.614602, "fair_value": 623.604268, "relative_strength": -10.613823, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.384934, "energy": 22.366363, "activity_lines": [ 473.800004, 476.604585, 461.880631, 450.398846 ] }, { "date": "2025-12-12", "close": 440.2, "volume": 50, "typical_volume": 771.0, "trend": 439.407935, "fair_value": 621.231275, "relative_strength": -15.463594, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.902074, "energy": 13.051247, "activity_lines": [ 463.170003, 470.492984, 461.072593, 450.436613 ] }, { "date": "2025-12-19", "close": 432.350006, "volume": 0, "typical_volume": 770.85, "trend": 438.792936, "fair_value": 618.695948, "relative_strength": -18.531962, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.610957, "energy": 13.345928, "activity_lines": [ 451.100005, 462.917749, 459.366698, 449.981263 ] }, { "date": "2025-12-26", "close": 427.700012, "volume": 89, "typical_volume": 706.9, "trend": 438.392936, "fair_value": 616.069678, "relative_strength": -18.655559, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.513681, "energy": 13.580382, "activity_lines": [ 440.110007, 454.772514, 457.209851, 449.26559 ] }, { "date": "2026-01-02", "close": 431.850006, "volume": 540, "typical_volume": 733.85, "trend": 438.31627, "fair_value": 613.879166, "relative_strength": -17.977246, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.485711, "energy": 23.150665, "activity_lines": [ 434.406673, 447.742732, 455.499671, 448.843466 ] }, { "date": "2026-01-09", "close": 425.25, "volume": 474, "typical_volume": 757.4, "trend": 438.71127, "fair_value": 611.923037, "relative_strength": -19.955774, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -21.352428, "energy": 31.374263, "activity_lines": [ 429.443338, 442.461823, 453.107347, 448.000481 ] }, { "date": "2026-01-16", "close": 432.649994, "volume": 4211, "typical_volume": 960.4, "trend": 439.13127, "fair_value": 610.20448, "relative_strength": -18.819414, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.615162, "energy": 30.112291, "activity_lines": [ 429.836668, 438.983639, 451.344069, 447.609431 ] }, { "date": "2026-01-23", "close": 430.299988, "volume": 2984, "typical_volume": 1108.9, "trend": 440.309602, "fair_value": 608.720473, "relative_strength": -18.036143, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.052724, "energy": 31.398845, "activity_lines": [ 429.949996, 435.536364, 449.279839, 447.039671 ] }, { "date": "2026-01-30", "close": 424.5, "volume": 792, "typical_volume": 1141.6, "trend": 441.211269, "fair_value": 607.249794, "relative_strength": -19.289684, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.158547, "energy": 42.379401, "activity_lines": [ 428.266663, 431.789091, 446.590135, 446.019696 ] }, { "date": "2026-02-06", "close": 441.700012, "volume": 1005, "typical_volume": 1163.95, "trend": 442.264602, "fair_value": 605.786556, "relative_strength": -16.702051, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -15.867058, "energy": 18.025273, "activity_lines": [ 432.530001, 432.29182, 445.529716, 446.051228 ] }, { "date": "2026-02-13", "close": 449.5, "volume": 23, "typical_volume": 1063.85, "trend": 443.656269, "fair_value": 604.258819, "relative_strength": -15.376179, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -5.61279, "energy": 10.894695, "activity_lines": [ 438.736668, 434.835456, 445.186678, 446.518028 ] }, { "date": "2026-02-20", "close": 452.049988, "volume": 3, "typical_volume": 1043.45, "trend": 445.102935, "fair_value": 602.532043, "relative_strength": -16.317856, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 5.746427, "energy": 11.565219, "activity_lines": [ 444.176664, 438.189999, 445.028877, 447.059558 ] }, { "date": "2026-02-27", "close": 454.200012, "volume": 33, "typical_volume": 1015.7, "trend": 445.887936, "fair_value": 600.855717, "relative_strength": -17.183959, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.608079, "energy": 21.056686, "activity_lines": [ 449.040002, 441.720001, 445.009887, 447.646466 ] }, { "date": "2026-03-06", "close": 475.299988, "volume": 6, "typical_volume": 1013.8, "trend": 447.114602, "fair_value": 598.948954, "relative_strength": -7.564456, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 45.689741, "energy": 42.951503, "activity_lines": [ 459.343331, 448.689089, 446.968515, 449.544018 ] }, { "date": "2026-03-13", "close": 485.75, "volume": 548, "typical_volume": 1033.7, "trend": 449.286269, "fair_value": 597.08728, "relative_strength": -4.713632, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 72.909819, "energy": 73.086977, "activity_lines": [ 469.743331, 456.692726, 449.790238, 452.036625 ] }, { "date": "2026-03-20", "close": 484.200012, "volume": 18, "typical_volume": 1034.5, "trend": 451.781269, "fair_value": 595.264793, "relative_strength": -1.187609, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.179569, "energy": 76.121731, "activity_lines": [ 476.690002, 463.434546, 452.980001, 454.289124 ] }, { "date": "2026-03-27", "close": 520.0, "volume": 334, "typical_volume": 1051.2, "trend": 455.232935, "fair_value": 593.971261, "relative_strength": 6.071765, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.751679, "energy": 90.080677, "activity_lines": [ 493.256669, 475.613637, 459.418334, 458.690333 ] }, { "date": "2026-04-03", "close": 501.774994, "volume": 414, "typical_volume": 583.8, "trend": 458.127101, "fair_value": 592.549608, "relative_strength": -1.07973, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.216856, "energy": 80.493374, "activity_lines": [ 499.218333, 482.890909, 463.825, 461.693046 ] }, { "date": "2026-04-10", "close": 480.600006, "volume": 62, "typical_volume": 582.75, "trend": 460.058768, "fair_value": 590.991319, "relative_strength": -5.496184, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.086611, "energy": 58.702118, "activity_lines": [ 494.950002, 485.018637, 466.072263, 463.142911 ] }, { "date": "2026-04-17", "close": 447.399994, "volume": 108, "typical_volume": 584.9, "trend": 460.427101, "fair_value": 589.20389, "relative_strength": -11.477908, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.396446, "energy": 28.052862, "activity_lines": [ 479.261666, 480.09, 465.184524, 462.326216 ] }, { "date": "2026-04-24", "close": 464.850006, "volume": 1, "typical_volume": 584.75, "trend": 461.342102, "fair_value": 587.667242, "relative_strength": -4.595645, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 35.414641, "energy": 20.110344, "activity_lines": [ 471.946667, 478.230455, 466.094643, 462.611564 ] }, { "date": "2026-05-01", "close": 453.549988, "volume": 0, "typical_volume": 582.25, "trend": 461.853768, "fair_value": 585.975441, "relative_strength": -5.991313, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 16.247406, "energy": 21.616856, "activity_lines": [ 462.154997, 474.037271, 465.946428, 462.108847 ] }, { "date": "2026-05-08", "close": 431.399994, "volume": 509, "typical_volume": 607.7, "trend": 461.317101, "fair_value": 583.751857, "relative_strength": -8.9271, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -29.079017, "energy": 32.70662, "activity_lines": [ 449.409996, 465.789543, 463.625118, 460.144088 ] }, { "date": "2026-05-15", "close": 461.899994, "volume": 10, "typical_volume": 603.75, "trend": 461.795434, "fair_value": 581.691594, "relative_strength": -1.879155, "stage": 1, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -22.538909, "energy": 25.308943, "activity_lines": [ 451.523328, 463.501815, 464.213093, 460.181694 ] }, { "date": "2026-05-22", "close": 457.899994, "volume": 0, "typical_volume": 576.75, "trend": 457.2575, "fair_value": 579.42953, "relative_strength": -4.93139, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -13.081052, "energy": 19.911163, "activity_lines": [ 453.549994, 460.730451, 464.25726, 459.930375 ] }, { "date": "2026-05-29", "close": 459.149994, "volume": 5, "typical_volume": 553.3, "trend": 457.549166, "fair_value": 577.315216, "relative_strength": -3.908387, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -10.121749, "energy": 14.531169, "activity_lines": [ 455.293327, 458.692722, 464.296426, 460.052472 ] }, { "date": "2026-06-05", "close": 477.9, "volume": 272, "typical_volume": 356.35, "trend": 458.2175, "fair_value": 575.380319, "relative_strength": 0.540718, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.364838, "energy": 18.760423, "activity_lines": [ 463.666663, 460.519541, 465.959878, 461.365429 ] }, { "date": "2026-06-12", "close": 472.0, "volume": 0, "typical_volume": 207.15, "trend": 458.224167, "fair_value": 573.373467, "relative_strength": -1.615465, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.467047, "energy": 21.060726, "activity_lines": [ 468.449998, 462.039087, 466.84595, 462.254622 ] }, { "date": "2026-06-19", "close": 462.9, "volume": 0, "typical_volume": 167.55, "trend": 457.445833, "fair_value": 571.120909, "relative_strength": -2.371748, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.055019, "energy": 19.941465, "activity_lines": [ 467.493332, 462.445452, 466.666783, 462.556289 ] }, { "date": "2026-06-26", "close": 483.25, "volume": 0, "typical_volume": 117.3, "trend": 457.689166, "fair_value": 569.062377, "relative_strength": 0.470136, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.137038, "energy": 34.393297, "activity_lines": [ 473.253333, 466.873634, 468.242855, 464.221074 ] }, { "date": "2026-07-03", "close": 476.75, "volume": 0, "typical_volume": 116.15, "trend": 457.960833, "fair_value": 566.921018, "relative_strength": -2.451858, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.440672, "energy": 45.947846, "activity_lines": [ 475.156667, 469.46818, 469.002022, 465.450805 ] }, { "date": "2026-07-10", "close": 487.6, "volume": 0, "typical_volume": 116.0, "trend": 459.540833, "fair_value": 564.846056, "relative_strength": 1.470212, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.315925, "energy": 57.775513, "activity_lines": [ 479.503333, 473.81909, 470.66476, 467.363009 ] }, { "date": "2026-07-17", "close": 476.3, "volume": 0, "typical_volume": 114.35, "trend": 461.005833, "fair_value": 562.615088, "relative_strength": -1.828335, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.741534, "energy": 57.583116, "activity_lines": [ 479.436667, 475.496363, 471.082022, 468.444246 ] }, { "date": "2026-07-24", "close": 489.25, "volume": 0, "typical_volume": 114.05, "trend": 463.057499, "fair_value": 560.39805, "relative_strength": -0.466613, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.737288, "energy": 55.974081, "activity_lines": [ 483.4, 478.711818, 472.627379, 470.26645 ] }, { "date": "2026-07-31", "close": 486.25, "volume": 4, "typical_volume": 86.85, "trend": 464.870832, "fair_value": 558.177287, "relative_strength": -2.164618, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.511879, "energy": 50.819164, "activity_lines": [ 484.606667, 480.884545, 473.820594, 471.762741 ] }, { "date": "2026-08-07", "close": 442.5, "volume": 0, "typical_volume": 85.95, "trend": 465.445832, "fair_value": 555.851197, "relative_strength": -10.951564, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 6.192581, "energy": 6.493536, "activity_lines": [ 471.03, 474.587273, 470.844761, 470.319461 ] } ], "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." } } }