{ "ticker": { "uuid": "d762b89b-6766-4c94-9a78-fe32a2d9982b", "symbol": "CHSPI", "name": "iShares Core SPI ETF (CH)", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 81.061, "architecture_energy": 69.253, "architecture_maturity": 34.957, "architecture_confidence": 83.244, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 5.06, "rotation_up": 67.1, "upward_expansion": 87.67, "deceleration": 56.03, "rotation_down": 22.4, "downward_expansion": 12.0 }, "activity_lines": [ 171.892807, 170.711285, 167.013622, 164.177566 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 174.100006, "trend_reference": 161.246399, "distance_from_trend": 0.079714, "trend_direction": "Improving", "fair_value": 138.775308, "distance_from_fair_value": 0.254546, "fair_value_direction": "Improving", "relative_strength": 1.032588, "relative_strength_direction": "Weakening", "price_momentum": 0.096807, "excess_performance": 0.013924, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.079714, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.037507, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.254546, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.081329, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.010326, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.014088, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.096807, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.868076, "read": "Demand-led" } ], "volume": { "latest": 264446, "relative_activity": 0.94714, "balance": 2.868076, "dry_up": 1.155432, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.01971, "annualized_volatility": 0.146507, "from_high_reference": -0.004574, "from_low_reference": 0.239663 }, "levels": { "trend_reference": 161.246399, "fair_value_reference": 138.775308, "structural_low": 143.379701, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 36, "median_return": 0.002361, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": 0.001361, "regime_survival": 0.75, "best_return": 0.048362, "worst_return": -0.083981, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.006343, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.003288, "regime_survival": 0.5, "best_return": 0.100173, "worst_return": -0.057403, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.059178, "positive_rate": 0.857143, "directional_follow_through": 0.857143, "median_excess_return": 0.022239, "regime_survival": 0.571429, "best_return": 0.117436, "worst_return": -0.117073, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.07482, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.029944, "regime_survival": 0.25, "best_return": 0.17455, "worst_return": -0.064054, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2024-11-01", "tenure": "Developing", "return": 0.006459, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-11-08", "end": "2024-11-15", "tenure": "New", "return": -0.016388, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-11-22", "end": "2024-11-29", "tenure": "New", "return": 0.00513, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-12-06", "end": "2025-01-31", "tenure": "Developing", "return": 0.066875, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-07", "end": "2025-02-14", "tenure": "New", "return": 0.019809, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": 0.002898, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-11", "tenure": "New", "return": -0.019532, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-16", "tenure": "Developing", "return": 0.086887, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-07-04", "tenure": "Developing", "return": -0.011679, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-08-22", "tenure": "Developing", "return": 0.028493, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2026-03-13", "tenure": "Extended", "return": 0.057352, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-03-20", "end": "2026-03-27", "tenure": "New", "return": 0.018953, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": 0.050504, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-29", "end": "2026-08-07", "tenure": "Developing", "return": 0.066789, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 117.217567, "volume": 162275, "typical_volume": 125066.0, "trend": 119.90792, "fair_value": 116.306035, "relative_strength": 2.242315, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -28.307531, "energy": 21.122683, "activity_lines": [ 119.554517, 120.011313, 121.055038, 120.691511 ] }, { "date": "2023-08-25", "close": 118.348946, "volume": 121479, "typical_volume": 124592.9, "trend": 119.917308, "fair_value": 116.428044, "relative_strength": 2.065505, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.138408, "energy": 36.931564, "activity_lines": [ 118.913427, 119.634268, 120.740805, 120.590932 ] }, { "date": "2023-09-01", "close": 119.992889, "volume": 136438, "typical_volume": 125090.65, "trend": 119.945774, "fair_value": 116.562682, "relative_strength": 2.306543, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -25.721823, "energy": 36.420148, "activity_lines": [ 119.010053, 119.635955, 120.585942, 120.595808 ] }, { "date": "2023-09-08", "close": 118.437332, "volume": 144365, "typical_volume": 129159.75, "trend": 120.012542, "fair_value": 116.670123, "relative_strength": 2.082462, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.801342, "energy": 40.350148, "activity_lines": [ 118.770827, 119.367786, 120.290045, 120.49849 ] }, { "date": "2023-09-15", "close": 120.311104, "volume": 106115, "typical_volume": 127920.8, "trend": 120.094706, "fair_value": 116.785094, "relative_strength": 1.321687, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -22.200079, "energy": 16.152993, "activity_lines": [ 119.279932, 119.49877, 120.19284, 120.517752 ] }, { "date": "2023-09-22", "close": 118.702469, "volume": 52944, "typical_volume": 126525.6, "trend": 120.159538, "fair_value": 116.907478, "relative_strength": 1.565409, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.790641, "energy": 15.443254, "activity_lines": [ 119.226899, 119.285181, 119.956834, 120.42793 ] }, { "date": "2023-09-29", "close": 118.030762, "volume": 124897, "typical_volume": 125876.15, "trend": 120.182134, "fair_value": 117.022369, "relative_strength": 1.401543, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -30.034671, "energy": 20.245845, "activity_lines": [ 118.85097, 118.978886, 119.685848, 120.29059 ] }, { "date": "2023-10-06", "close": 115.591286, "volume": 1652140, "typical_volume": 203077.5, "trend": 120.238267, "fair_value": 117.117341, "relative_strength": 0.41395, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.374335, "energy": 51.265364, "activity_lines": [ 117.683095, 118.286582, 119.215556, 119.994406 ] }, { "date": "2023-10-13", "close": 116.704941, "volume": 136874, "typical_volume": 204273.1, "trend": 120.358054, "fair_value": 117.225326, "relative_strength": 0.735796, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.903575, "energy": 59.980423, "activity_lines": [ 117.179878, 117.926607, 118.894464, 119.766449 ] }, { "date": "2023-10-20", "close": 111.295723, "volume": 192557, "typical_volume": 207026.7, "trend": 120.287794, "fair_value": 117.311979, "relative_strength": 1.122141, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.33499, "energy": 81.033741, "activity_lines": [ 114.989082, 116.648384, 118.089367, 119.181783 ] }, { "date": "2023-10-27", "close": 110.712387, "volume": 109129, "typical_volume": 203510.1, "trend": 120.036525, "fair_value": 117.420282, "relative_strength": 0.773799, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.597367, "energy": 88.272414, "activity_lines": [ 113.204866, 115.420945, 117.285965, 118.564015 ] }, { "date": "2023-11-03", "close": 114.212463, "volume": 325866, "typical_volume": 213050.5, "trend": 119.879009, "fair_value": 117.508109, "relative_strength": 1.367269, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.598677, "energy": 78.514672, "activity_lines": [ 113.120013, 114.948159, 116.866415, 118.188269 ] }, { "date": "2023-11-10", "close": 113.735176, "volume": 203946, "typical_volume": 219151.15, "trend": 119.620623, "fair_value": 117.583316, "relative_strength": 1.113295, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.989823, "energy": 75.105155, "activity_lines": [ 113.130619, 114.463803, 116.442015, 117.791892 ] }, { "date": "2023-11-17", "close": 115.997871, "volume": 168134, "typical_volume": 222121.05, "trend": 119.397647, "fair_value": 117.673029, "relative_strength": 1.29928, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.825227, "energy": 46.417095, "activity_lines": [ 114.019196, 114.504622, 116.266306, 117.558166 ] }, { "date": "2023-11-24", "close": 116.917053, "volume": 199071, "typical_volume": 222940.2, "trend": 119.18369, "fair_value": 117.770326, "relative_strength": 0.706915, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.215322, "energy": 24.599366, "activity_lines": [ 115.261306, 114.756919, 116.205068, 117.398128 ] }, { "date": "2023-12-01", "close": 117.04084, "volume": 155994, "typical_volume": 224891.95, "trend": 118.925362, "fair_value": 117.872798, "relative_strength": 0.678358, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.75263, "energy": 22.407661, "activity_lines": [ 116.169923, 115.093433, 116.158137, 117.25988 ] }, { "date": "2023-12-08", "close": 118.667107, "volume": 231882, "typical_volume": 231493.3, "trend": 118.715399, "fair_value": 117.985097, "relative_strength": 0.309603, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -9.952758, "energy": 20.10285, "activity_lines": [ 117.198731, 115.755844, 116.281708, 117.243218 ] }, { "date": "2023-12-15", "close": 119.51564, "volume": 188311, "typical_volume": 234030.3, "trend": 118.54424, "fair_value": 118.092878, "relative_strength": -0.108121, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 6.076847, "energy": 22.63165, "activity_lines": [ 118.213408, 116.560963, 116.498128, 117.294847 ] }, { "date": "2023-12-22", "close": 119.621674, "volume": 462318, "typical_volume": 250901.45, "trend": 118.423358, "fair_value": 118.207214, "relative_strength": 0.272746, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.691781, "energy": 31.530488, "activity_lines": [ 118.878066, 117.314009, 116.739968, 117.364358 ] }, { "date": "2023-12-29", "close": 119.621674, "volume": 121788, "typical_volume": 249826.15, "trend": 118.30014, "fair_value": 118.304922, "relative_strength": 0.353416, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.177754, "energy": 39.147488, "activity_lines": [ 119.301136, 118.014024, 116.985006, 117.441669 ] }, { "date": "2024-01-05", "close": 119.60405, "volume": 814861, "typical_volume": 282455.45, "trend": 118.242944, "fair_value": 118.398634, "relative_strength": -0.142315, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.903907, "energy": 46.694871, "activity_lines": [ 119.538024, 118.559453, 117.229797, 117.525792 ] }, { "date": "2024-01-12", "close": 120.01059, "volume": 233324, "typical_volume": 288047.7, "trend": 118.151971, "fair_value": 118.490372, "relative_strength": -0.210184, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.403681, "energy": 44.736249, "activity_lines": [ 119.739544, 119.017132, 117.501942, 117.639834 ] }, { "date": "2024-01-19", "close": 119.321167, "volume": 203749, "typical_volume": 291413.25, "trend": 118.105797, "fair_value": 118.574504, "relative_strength": -0.156205, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 24.031472, "energy": 35.210918, "activity_lines": [ 119.621691, 119.244041, 117.700515, 117.715266 ] }, { "date": "2024-01-26", "close": 121.672249, "volume": 166622, "typical_volume": 292526.1, "trend": 118.106439, "fair_value": 118.69382, "relative_strength": -0.377787, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 47.993325, "energy": 47.598889, "activity_lines": [ 120.300497, 119.796856, 118.126199, 117.94536 ] }, { "date": "2024-02-02", "close": 120.434814, "volume": 258571, "typical_volume": 300148.9, "trend": 118.206067, "fair_value": 118.791463, "relative_strength": -0.110036, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.003803, "energy": 43.636926, "activity_lines": [ 120.43012, 120.021512, 118.418628, 118.095577 ] }, { "date": "2024-02-09", "close": 119.02066, "volume": 147265, "typical_volume": 304864.95, "trend": 118.162731, "fair_value": 118.873171, "relative_strength": -0.013209, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.460035, "energy": 27.618327, "activity_lines": [ 120.034148, 119.925091, 118.575786, 118.148132 ] }, { "date": "2024-02-16", "close": 121.212646, "volume": 140810, "typical_volume": 305660.6, "trend": 118.163321, "fair_value": 118.977891, "relative_strength": -0.187913, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.808553, "energy": 46.282478, "activity_lines": [ 120.407732, 120.191215, 118.94019, 118.3449 ] }, { "date": "2024-02-23", "close": 122.715218, "volume": 182150, "typical_volume": 232161.1, "trend": 118.162732, "fair_value": 119.10449, "relative_strength": -0.628078, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.422163, "energy": 54.509048, "activity_lines": [ 121.202035, 120.684252, 119.432544, 118.638571 ] }, { "date": "2024-03-01", "close": 122.184883, "volume": 302578, "typical_volume": 240446.3, "trend": 118.22578, "fair_value": 119.220362, "relative_strength": -1.058447, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.129772, "energy": 57.145577, "activity_lines": [ 121.593291, 121.022689, 119.840466, 118.898065 ] }, { "date": "2024-03-08", "close": 125.326736, "volume": 268050, "typical_volume": 244220.95, "trend": 118.405931, "fair_value": 119.335628, "relative_strength": 0.11854, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.895404, "energy": 83.593634, "activity_lines": [ 122.997655, 121.88577, 120.521518, 119.356191 ] }, { "date": "2024-03-15", "close": 126.936401, "volume": 165581, "typical_volume": 247043.55, "trend": 118.729892, "fair_value": 119.449404, "relative_strength": 1.113912, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 88.248212, "energy": 92.969813, "activity_lines": [ 124.612445, 122.937788, 121.289057, 119.906544 ] }, { "date": "2024-03-22", "close": 126.774071, "volume": 285559, "typical_volume": 245028.2, "trend": 119.010729, "fair_value": 119.550565, "relative_strength": 1.154766, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.423904, "energy": 91.041677, "activity_lines": [ 125.64541, 123.826976, 121.963878, 120.425523 ] }, { "date": "2024-03-29", "close": 127.730103, "volume": 320648, "typical_volume": 250863.3, "trend": 119.268636, "fair_value": 119.653692, "relative_strength": 1.192383, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.442883, "energy": 91.72647, "activity_lines": [ 126.62629, 124.767016, 122.669933, 120.988064 ] }, { "date": "2024-04-05", "close": 125.475327, "volume": 140079, "typical_volume": 249460.55, "trend": 119.503236, "fair_value": 119.732603, "relative_strength": 1.37636, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.959446, "energy": 81.608317, "activity_lines": [ 126.521253, 125.144206, 123.094605, 121.388495 ] }, { "date": "2024-04-12", "close": 124.678726, "volume": 226946, "typical_volume": 250854.3, "trend": 119.648824, "fair_value": 119.79851, "relative_strength": 1.716771, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.455546, "energy": 56.878726, "activity_lines": [ 125.931319, 125.307414, 123.398279, 121.722398 ] }, { "date": "2024-04-19", "close": 124.27594, "volume": 200295, "typical_volume": 253069.35, "trend": 119.834606, "fair_value": 119.858263, "relative_strength": 2.080737, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.046056, "energy": 41.525856, "activity_lines": [ 125.250324, 125.320225, 123.626633, 122.020921 ] }, { "date": "2024-04-26", "close": 126.058655, "volume": 211837, "typical_volume": 252067.1, "trend": 120.102202, "fair_value": 119.941573, "relative_strength": 3.047319, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.752728, "energy": 35.879213, "activity_lines": [ 125.340931, 125.561616, 123.990316, 122.422473 ] }, { "date": "2024-05-03", "close": 125.76458, "volume": 149284, "typical_volume": 250115.75, "trend": 120.441312, "fair_value": 120.013045, "relative_strength": 3.392185, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.900673, "energy": 32.532673, "activity_lines": [ 125.381208, 125.661429, 124.290794, 122.787788 ] }, { "date": "2024-05-10", "close": 130.70845, "volume": 315111, "typical_volume": 242755.4, "trend": 120.908096, "fair_value": 120.121185, "relative_strength": 3.003597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 83.092172, "energy": 56.602802, "activity_lines": [ 127.200476, 126.604685, 125.03236, 123.450184 ] }, { "date": "2024-05-17", "close": 133.354904, "volume": 126637, "typical_volume": 242997.85, "trend": 121.643402, "fair_value": 120.236406, "relative_strength": 2.551546, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.508977, "energy": 88.176611, "activity_lines": [ 129.553021, 127.874141, 125.973174, 124.253204 ] }, { "date": "2024-05-24", "close": 132.7117, "volume": 126684, "typical_volume": 208589.0, "trend": 122.376712, "fair_value": 120.332834, "relative_strength": 2.903085, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.038312, "energy": 91.226032, "activity_lines": [ 131.112752, 128.880683, 126.787336, 124.967287 ] }, { "date": "2024-05-31", "close": 133.09761, "volume": 155517, "typical_volume": 204698.65, "trend": 123.006217, "fair_value": 120.422061, "relative_strength": 2.550228, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.514678, "energy": 90.493559, "activity_lines": [ 132.238736, 129.852386, 127.575833, 125.658958 ] }, { "date": "2024-06-07", "close": 135.229523, "volume": 200900, "typical_volume": 204556.2, "trend": 123.722695, "fair_value": 120.510283, "relative_strength": 1.987868, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.764255, "energy": 92.754235, "activity_lines": [ 133.606094, 131.096736, 128.50505, 126.447558 ] }, { "date": "2024-06-14", "close": 132.913818, "volume": 256073, "typical_volume": 209028.75, "trend": 124.28656, "fair_value": 120.578044, "relative_strength": 1.94425, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.249727, "energy": 80.047765, "activity_lines": [ 133.570554, 131.783695, 129.13797, 127.040534 ] }, { "date": "2024-06-21", "close": 132.325729, "volume": 169745, "typical_volume": 204587.45, "trend": 124.800183, "fair_value": 120.637561, "relative_strength": 1.714494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.96114, "energy": 62.502351, "activity_lines": [ 133.19196, 132.228484, 129.66135, 127.55919 ] }, { "date": "2024-06-28", "close": 132.583008, "volume": 241020, "typical_volume": 209275.2, "trend": 125.318255, "fair_value": 120.699143, "relative_strength": 2.025177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.070384, "energy": 56.273885, "activity_lines": [ 132.967738, 132.581014, 130.152609, 128.061308 ] }, { "date": "2024-07-05", "close": 133.428452, "volume": 205711, "typical_volume": 212520.25, "trend": 125.8103, "fair_value": 120.765728, "relative_strength": 2.513428, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.410348, "energy": 51.234514, "activity_lines": [ 133.033909, 132.936224, 130.659805, 128.584546 ] }, { "date": "2024-07-12", "close": 136.589508, "volume": 162654, "typical_volume": 211545.45, "trend": 126.379429, "fair_value": 120.8506, "relative_strength": 1.855813, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.229548, "energy": 59.290093, "activity_lines": [ 134.13171, 133.732175, 131.409882, 129.279979 ] }, { "date": "2024-07-19", "close": 135.094757, "volume": 170465, "typical_volume": 204939.8, "trend": 126.895198, "fair_value": 120.916361, "relative_strength": 2.27646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.366815, "energy": 55.834191, "activity_lines": [ 134.640595, 134.059536, 131.951535, 129.842258 ] }, { "date": "2024-07-26", "close": 135.744339, "volume": 432105, "typical_volume": 213142.55, "trend": 127.43262, "fair_value": 120.986704, "relative_strength": 2.152676, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.73941, "energy": 57.77913, "activity_lines": [ 135.220611, 134.425252, 132.493577, 130.413171 ] }, { "date": "2024-08-02", "close": 132.08812, "volume": 132041, "typical_volume": 211465.55, "trend": 127.848756, "fair_value": 121.031101, "relative_strength": 2.412981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.28872, "energy": 45.57069, "activity_lines": [ 134.35398, 134.082757, 132.637799, 130.713526 ] }, { "date": "2024-08-09", "close": 131.958191, "volume": 303374, "typical_volume": 212356.3, "trend": 128.247009, "fair_value": 121.058671, "relative_strength": 2.340737, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.753409, "energy": 28.82616, "activity_lines": [ 133.477032, 133.727976, 132.745116, 130.97865 ] }, { "date": "2024-08-16", "close": 135.447403, "volume": 375714, "typical_volume": 215109.6, "trend": 128.784551, "fair_value": 121.109966, "relative_strength": 2.210868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.05675, "energy": 30.389108, "activity_lines": [ 133.861172, 134.028314, 133.160052, 131.443192 ] }, { "date": "2024-08-23", "close": 137.043518, "volume": 222088, "typical_volume": 219210.05, "trend": 129.296926, "fair_value": 121.168357, "relative_strength": 2.032184, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.018391, "energy": 37.525343, "activity_lines": [ 134.85349, 134.614893, 133.690251, 131.976029 ] }, { "date": "2024-08-30", "close": 137.860123, "volume": 142930, "typical_volume": 215009.25, "trend": 129.87777, "fair_value": 121.235746, "relative_strength": 1.85944, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.014305, "energy": 47.677249, "activity_lines": [ 135.988093, 135.274861, 134.243134, 132.528493 ] }, { "date": "2024-09-06", "close": 132.180923, "volume": 229175, "typical_volume": 216453.25, "trend": 130.316445, "fair_value": 121.282619, "relative_strength": 1.945598, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.110296, "energy": 34.9729, "activity_lines": [ 135.088577, 134.801621, 134.192373, 132.677083 ] }, { "date": "2024-09-13", "close": 133.66568, "volume": 182133, "typical_volume": 214968.05, "trend": 130.731547, "fair_value": 121.346642, "relative_strength": 1.920778, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.217709, "energy": 30.061166, "activity_lines": [ 134.677793, 134.605647, 134.245374, 132.893163 ] }, { "date": "2024-09-20", "close": 132.626343, "volume": 178577, "typical_volume": 216432.7, "trend": 131.061917, "fair_value": 121.409751, "relative_strength": 1.942307, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.866762, "energy": 13.02361, "activity_lines": [ 133.806731, 134.21639, 134.163167, 133.015408 ] }, { "date": "2024-09-27", "close": 136.393951, "volume": 171100, "typical_volume": 209232.15, "trend": 131.535553, "fair_value": 121.517083, "relative_strength": 2.198578, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 41.803758, "energy": 20.48886, "activity_lines": [ 134.379609, 134.584211, 134.407105, 133.35941 ] }, { "date": "2024-10-04", "close": 133.925552, "volume": 290971, "typical_volume": 217448.85, "trend": 131.82218, "fair_value": 121.599706, "relative_strength": 2.241423, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.687879, "energy": 12.870686, "activity_lines": [ 134.172992, 134.479609, 134.388883, 133.513604 ] }, { "date": "2024-10-11", "close": 135.29892, "volume": 303144, "typical_volume": 226271.85, "trend": 132.100931, "fair_value": 121.674616, "relative_strength": 1.878478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.258024, "energy": 20.391058, "activity_lines": [ 134.686468, 134.65778, 134.498741, 133.737909 ] }, { "date": "2024-10-18", "close": 136.83934, "volume": 167142, "typical_volume": 226853.1, "trend": 132.43644, "fair_value": 121.75386, "relative_strength": 1.534013, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.304899, "energy": 34.928994, "activity_lines": [ 135.505552, 135.057649, 134.742985, 134.043613 ] }, { "date": "2024-10-25", "close": 135.187561, "volume": 154085, "typical_volume": 224512.35, "trend": 132.685022, "fair_value": 121.820007, "relative_strength": 1.41746, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.828287, "energy": 27.793632, "activity_lines": [ 135.562465, 135.068447, 134.8121, 134.221105 ] }, { "date": "2024-11-01", "close": 133.034653, "volume": 272755, "typical_volume": 225346.45, "trend": 132.936999, "fair_value": 121.856359, "relative_strength": 1.553063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.448324, "energy": 16.987757, "activity_lines": [ 134.730995, 134.692531, 134.676375, 134.243662 ] }, { "date": "2024-11-08", "close": 131.364319, "volume": 191969, "typical_volume": 226457.65, "trend": 133.159852, "fair_value": 121.871236, "relative_strength": 1.654328, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.167781, "energy": 5.955553, "activity_lines": [ 133.566699, 134.085806, 134.380996, 134.142199 ] }, { "date": "2024-11-15", "close": 129.211517, "volume": 346740, "typical_volume": 231743.65, "trend": 133.324372, "fair_value": 121.872731, "relative_strength": 1.401041, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.687976, "energy": 42.99544, "activity_lines": [ 131.855552, 133.205768, 133.885166, 133.887467 ] }, { "date": "2024-11-22", "close": 130.232285, "volume": 328324, "typical_volume": 237874.3, "trend": 133.463493, "fair_value": 121.907845, "relative_strength": 1.35617, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.96581, "energy": 52.354725, "activity_lines": [ 130.890488, 132.565314, 133.502606, 133.687978 ] }, { "date": "2024-11-29", "close": 130.900406, "volume": 259923, "typical_volume": 242737.75, "trend": 133.634687, "fair_value": 121.950168, "relative_strength": 1.396066, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -58.860429, "energy": 64.229381, "activity_lines": [ 130.588601, 132.108762, 133.198897, 133.522617 ] }, { "date": "2024-12-06", "close": 130.993179, "volume": 381975, "typical_volume": 253313.25, "trend": 133.644178, "fair_value": 121.965071, "relative_strength": 1.255023, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.241974, "energy": 63.78857, "activity_lines": [ 130.603448, 131.700458, 132.931115, 133.352197 ] }, { "date": "2024-12-13", "close": 130.213715, "volume": 446303, "typical_volume": 254023.15, "trend": 133.539471, "fair_value": 121.970482, "relative_strength": 1.313718, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.819095, "energy": 52.321978, "activity_lines": [ 130.494573, 131.248629, 132.608629, 133.130877 ] }, { "date": "2024-12-20", "close": 127.040001, "volume": 435094, "typical_volume": 269175.8, "trend": 133.350415, "fair_value": 121.947917, "relative_strength": 1.454662, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.288447, "energy": 57.708342, "activity_lines": [ 129.4045, 130.287249, 132.010221, 132.711557 ] }, { "date": "2024-12-27", "close": 129.174393, "volume": 163716, "typical_volume": 262192.9, "trend": 133.219641, "fair_value": 121.931821, "relative_strength": 1.267758, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.919726, "energy": 51.630796, "activity_lines": [ 129.170659, 129.864103, 131.639127, 132.442136 ] }, { "date": "2025-01-03", "close": 129.656921, "volume": 231666, "typical_volume": 254990.5, "trend": 133.033887, "fair_value": 121.926868, "relative_strength": 1.261075, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.528304, "energy": 47.889417, "activity_lines": [ 129.168186, 129.668052, 131.327244, 132.212283 ] }, { "date": "2025-01-10", "close": 131.327286, "volume": 444171, "typical_volume": 266094.65, "trend": 132.981003, "fair_value": 121.953843, "relative_strength": 1.026466, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.144847, "energy": 36.331298, "activity_lines": [ 129.805401, 129.87626, 131.202018, 132.10218 ] }, { "date": "2025-01-17", "close": 133.461639, "volume": 187058, "typical_volume": 268301.05, "trend": 133.018867, "fair_value": 122.005581, "relative_strength": 0.894224, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.520428, "energy": 14.223828, "activity_lines": [ 131.131793, 130.503576, 131.307283, 132.133188 ] }, { "date": "2025-01-24", "close": 136.69101, "volume": 424575, "typical_volume": 278071.05, "trend": 133.1558, "fair_value": 122.094642, "relative_strength": 0.760019, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 21.994626, "energy": 25.235866, "activity_lines": [ 133.318113, 131.679917, 131.741053, 132.370101 ] }, { "date": "2025-01-31", "close": 139.753296, "volume": 452175, "typical_volume": 291573.15, "trend": 133.366628, "fair_value": 122.200823, "relative_strength": 0.417481, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 46.046659, "energy": 48.043662, "activity_lines": [ 135.881795, 133.277047, 132.444992, 132.795746 ] }, { "date": "2025-02-07", "close": 139.604813, "volume": 434408, "typical_volume": 304364.7, "trend": 133.467138, "fair_value": 122.301767, "relative_strength": 0.278716, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.114979, "energy": 68.788434, "activity_lines": [ 137.690723, 134.67407, 133.105801, 133.198209 ] }, { "date": "2025-02-14", "close": 142.370255, "volume": 379373, "typical_volume": 314778.35, "trend": 133.709655, "fair_value": 122.435073, "relative_strength": 0.236851, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 84.802857, "energy": 90.112215, "activity_lines": [ 139.758272, 136.415639, 133.996755, 133.772604 ] }, { "date": "2025-02-21", "close": 143.09404, "volume": 248309, "typical_volume": 312645.25, "trend": 133.954645, "fair_value": 122.573646, "relative_strength": -0.164969, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.319881, "energy": 92.823747, "activity_lines": [ 141.330884, 138.081949, 134.928183, 134.378048 ] }, { "date": "2025-02-28", "close": 143.223953, "volume": 332950, "typical_volume": 314135.55, "trend": 134.32584, "fair_value": 122.758944, "relative_strength": -0.569882, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.277009, "energy": 90.251956, "activity_lines": [ 142.304641, 139.537693, 135.828323, 134.976068 ] }, { "date": "2025-03-07", "close": 144.003448, "volume": 283762, "typical_volume": 319966.55, "trend": 134.727348, "fair_value": 122.932275, "relative_strength": -0.624165, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.618747, "energy": 88.778679, "activity_lines": [ 143.1027, 140.840909, 136.764963, 135.60043 ] }, { "date": "2025-03-14", "close": 143.454178, "volume": 286122, "typical_volume": 326568.4, "trend": 134.994241, "fair_value": 123.055672, "relative_strength": 0.181281, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.304808, "energy": 74.823763, "activity_lines": [ 143.434325, 141.774638, 137.615177, 136.163451 ] }, { "date": "2025-03-21", "close": 144.410187, "volume": 214596, "typical_volume": 323660.45, "trend": 135.239796, "fair_value": 123.188784, "relative_strength": -0.402681, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.39197, "energy": 66.423029, "activity_lines": [ 143.827996, 142.631328, 138.517074, 136.770931 ] }, { "date": "2025-03-28", "close": 143.508743, "volume": 362183, "typical_volume": 332171.15, "trend": 135.428084, "fair_value": 123.308839, "relative_strength": 0.736559, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.491427, "energy": 60.061668, "activity_lines": [ 143.78519, 143.086248, 139.27895, 137.304412 ] }, { "date": "2025-04-04", "close": 129.889053, "volume": 513160, "typical_volume": 340492.15, "trend": 135.351688, "fair_value": 123.323931, "relative_strength": 0.461881, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": 12.398588, "energy": 13.916132, "activity_lines": [ 139.17484, 140.882187, 138.685883, 136.947055 ] }, { "date": "2025-04-11", "close": 127.352074, "volume": 1185287, "typical_volume": 383340.3, "trend": 135.141234, "fair_value": 123.315998, "relative_strength": 2.0178, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.517367, "energy": 30.815326, "activity_lines": [ 134.607824, 138.340528, 137.847972, 136.430951 ] }, { "date": "2025-04-18", "close": 132.282425, "volume": 287712, "typical_volume": 384729.75, "trend": 135.12977, "fair_value": 123.348795, "relative_strength": 2.079824, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -20.108872, "energy": 35.361912, "activity_lines": [ 132.79435, 136.920773, 137.493333, 136.246512 ] }, { "date": "2025-04-25", "close": 137.85318, "volume": 190366, "typical_volume": 375149.3, "trend": 135.178411, "fair_value": 123.424066, "relative_strength": 3.797249, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.269202, "energy": 32.601755, "activity_lines": [ 133.582578, 136.647018, 137.662662, 136.422216 ] }, { "date": "2025-05-02", "close": 141.685638, "volume": 431460, "typical_volume": 374407.15, "trend": 135.437081, "fair_value": 123.548344, "relative_strength": 3.895879, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.703746, "energy": 22.077594, "activity_lines": [ 136.085426, 137.152201, 138.164319, 136.842037 ] }, { "date": "2025-05-09", "close": 140.756577, "volume": 232211, "typical_volume": 364263.0, "trend": 135.619003, "fair_value": 123.672617, "relative_strength": 4.541389, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.548465, "energy": 22.837037, "activity_lines": [ 138.400127, 137.514072, 138.522867, 137.18523 ] }, { "date": "2025-05-16", "close": 143.776093, "volume": 400109, "typical_volume": 376082.65, "trend": 135.850228, "fair_value": 123.839179, "relative_strength": 4.534775, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 54.399856, "energy": 40.83536, "activity_lines": [ 140.996831, 138.469807, 139.103671, 137.711494 ] }, { "date": "2025-05-23", "close": 142.537323, "volume": 228752, "typical_volume": 375936.95, "trend": 136.09522, "fair_value": 123.97649, "relative_strength": 4.69141, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.492769, "energy": 40.678817, "activity_lines": [ 142.085678, 139.204445, 139.496964, 138.142919 ] }, { "date": "2025-05-30", "close": 143.098633, "volume": 146083, "typical_volume": 361032.55, "trend": 136.430686, "fair_value": 124.12443, "relative_strength": 4.749055, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.246511, "energy": 57.096325, "activity_lines": [ 142.677969, 140.057809, 139.882381, 138.594752 ] }, { "date": "2025-06-06", "close": 144.821335, "volume": 243175, "typical_volume": 363838.4, "trend": 136.879253, "fair_value": 124.313054, "relative_strength": 4.695863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.533728, "energy": 62.777408, "activity_lines": [ 143.494796, 141.248239, 140.37581, 139.136085 ] }, { "date": "2025-06-13", "close": 142.343765, "volume": 179400, "typical_volume": 351579.65, "trend": 137.316995, "fair_value": 124.528201, "relative_strength": 4.646832, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.504191, "energy": 42.232989, "activity_lines": [ 143.27672, 141.964335, 140.579186, 139.488634 ] }, { "date": "2025-06-20", "close": 139.730682, "volume": 227144, "typical_volume": 340328.1, "trend": 137.633608, "fair_value": 124.700852, "relative_strength": 4.966712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.182333, "energy": 29.447088, "activity_lines": [ 142.081804, 141.978877, 140.50678, 139.644355 ] }, { "date": "2025-06-27", "close": 140.988815, "volume": 208272, "typical_volume": 329021.3, "trend": 137.969888, "fair_value": 124.884813, "relative_strength": 4.819339, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.073142, "energy": 20.862901, "activity_lines": [ 141.57596, 141.997104, 140.554303, 139.86082 ] }, { "date": "2025-07-04", "close": 140.872681, "volume": 309122, "typical_volume": 325508.75, "trend": 138.299205, "fair_value": 125.04964, "relative_strength": 4.685609, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.744623, "energy": 16.498881, "activity_lines": [ 141.134638, 141.835918, 140.584176, 140.048097 ] }, { "date": "2025-07-11", "close": 141.163025, "volume": 182184, "typical_volume": 322202.5, "trend": 138.664182, "fair_value": 125.220763, "relative_strength": 5.06882, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.754842, "energy": 18.177946, "activity_lines": [ 140.938495, 141.672622, 140.648831, 140.23286 ] }, { "date": "2025-07-18", "close": 142.549698, "volume": 207251, "typical_volume": 315917.55, "trend": 139.181172, "fair_value": 125.386969, "relative_strength": 5.554114, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 39.144424, "energy": 17.868483, "activity_lines": [ 141.448463, 141.77095, 140.854746, 140.483538 ] }, { "date": "2025-07-25", "close": 142.23735, "volume": 263404, "typical_volume": 314899.65, "trend": 139.616604, "fair_value": 125.547358, "relative_strength": 5.416902, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.580777, "energy": 23.549181, "activity_lines": [ 141.840586, 141.779886, 141.034125, 140.680711 ] }, { "date": "2025-08-01", "close": 140.773209, "volume": 358777, "typical_volume": 318532.4, "trend": 139.987147, "fair_value": 125.697925, "relative_strength": 5.248915, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.101605, "energy": 21.269607, "activity_lines": [ 141.577551, 141.550591, 141.082471, 140.755331 ] }, { "date": "2025-08-08", "close": 141.066055, "volume": 269076, "typical_volume": 321256.4, "trend": 140.311772, "fair_value": 125.84906, "relative_strength": 5.05662, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.578603, "energy": 19.778985, "activity_lines": [ 141.426505, 141.406615, 141.171474, 140.824938 ] }, { "date": "2025-08-15", "close": 142.823029, "volume": 218484, "typical_volume": 314071.45, "trend": 140.623819, "fair_value": 126.013421, "relative_strength": 4.410283, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 52.233789, "energy": 24.09906, "activity_lines": [ 141.848226, 141.619046, 141.443732, 140.986954 ] }, { "date": "2025-08-22", "close": 145.185181, "volume": 195705, "typical_volume": 298198.7, "trend": 140.906958, "fair_value": 126.206662, "relative_strength": 4.35758, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 67.224808, "energy": 44.034303, "activity_lines": [ 142.946664, 142.297291, 141.944222, 141.281236 ] }, { "date": "2025-08-29", "close": 144.26767, "volume": 277602, "typical_volume": 252814.45, "trend": 141.057437, "fair_value": 126.401982, "relative_strength": 4.222616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.094673, "energy": 54.119082, "activity_lines": [ 143.563565, 142.757054, 142.284492, 141.498056 ] }, { "date": "2025-09-05", "close": 145.809891, "volume": 276226, "typical_volume": 252240.15, "trend": 141.264273, "fair_value": 126.605335, "relative_strength": 3.658017, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.609264, "energy": 66.128812, "activity_lines": [ 144.559186, 143.414731, 142.69109, 141.804666 ] }, { "date": "2025-09-12", "close": 144.46286, "volume": 181292, "typical_volume": 251786.45, "trend": 141.334026, "fair_value": 126.826004, "relative_strength": 4.057967, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.493971, "energy": 63.090292, "activity_lines": [ 144.770018, 143.739836, 142.904982, 142.011026 ] }, { "date": "2025-09-19", "close": 143.21347, "volume": 873793, "typical_volume": 273903.1, "trend": 141.338007, "fair_value": 127.065597, "relative_strength": 3.750237, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.148117, "energy": 45.959613, "activity_lines": [ 144.337932, 143.772504, 142.96841, 142.132281 ] }, { "date": "2025-09-26", "close": 140.79274, "volume": 523675, "typical_volume": 288476.3, "trend": 141.256967, "fair_value": 127.281494, "relative_strength": 3.420449, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 25.150937, "energy": 15.793773, "activity_lines": [ 143.072907, 143.327759, 142.794017, 142.097102 ] }, { "date": "2025-10-03", "close": 146.629807, "volume": 434739, "typical_volume": 290207.8, "trend": 141.344512, "fair_value": 127.533173, "relative_strength": 2.639023, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.951136, "energy": 29.724707, "activity_lines": [ 144.046401, 143.976242, 143.175363, 142.443737 ] }, { "date": "2025-10-10", "close": 146.805496, "volume": 394704, "typical_volume": 298505.4, "trend": 141.456223, "fair_value": 127.78794, "relative_strength": 2.864971, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.142848, "energy": 33.951118, "activity_lines": [ 144.920982, 144.576807, 143.559852, 142.796059 ] }, { "date": "2025-10-17", "close": 147.781616, "volume": 297288, "typical_volume": 306065.65, "trend": 141.568604, "fair_value": 128.041115, "relative_strength": 2.112711, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.35935, "energy": 48.633839, "activity_lines": [ 146.054562, 145.24517, 144.01698, 143.204149 ] }, { "date": "2025-10-24", "close": 147.410706, "volume": 227291, "typical_volume": 305271.45, "trend": 141.698669, "fair_value": 128.268577, "relative_strength": 2.36593, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.24046, "energy": 68.758386, "activity_lines": [ 146.843256, 145.723994, 144.416483, 143.581058 ] }, { "date": "2025-10-31", "close": 144.677612, "volume": 217179, "typical_volume": 307160.4, "trend": 142.191621, "fair_value": 128.478628, "relative_strength": 3.085496, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.526245, "energy": 56.077376, "activity_lines": [ 146.441102, 145.622479, 144.543362, 143.773248 ] }, { "date": "2025-11-07", "close": 144.619049, "volume": 229491, "typical_volume": 307277.75, "trend": 142.767187, "fair_value": 128.661698, "relative_strength": 2.401588, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.68054, "energy": 34.345592, "activity_lines": [ 145.760436, 145.519545, 144.65355, 143.929856 ] }, { "date": "2025-11-14", "close": 148.328247, "volume": 332963, "typical_volume": 313512.3, "trend": 143.302048, "fair_value": 128.877595, "relative_strength": 2.128008, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.546535, "energy": 37.243594, "activity_lines": [ 146.45022, 146.084621, 145.093716, 144.288634 ] }, { "date": "2025-11-21", "close": 147.58638, "volume": 520609, "typical_volume": 324086.65, "trend": 143.626488, "fair_value": 129.078378, "relative_strength": 1.533909, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.705521, "energy": 33.189769, "activity_lines": [ 146.791198, 146.469025, 145.428279, 144.565043 ] }, { "date": "2025-11-28", "close": 150.397568, "volume": 280516, "typical_volume": 329003.25, "trend": 143.916885, "fair_value": 129.295546, "relative_strength": 1.744475, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.029402, "energy": 49.328753, "activity_lines": [ 148.082254, 147.307762, 145.998604, 145.001887 ] }, { "date": "2025-12-05", "close": 151.549362, "volume": 267420, "typical_volume": 332011.7, "trend": 144.276645, "fair_value": 129.533073, "relative_strength": 1.611533, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.640267, "energy": 75.712239, "activity_lines": [ 149.558118, 148.225297, 146.63465, 145.494305 ] }, { "date": "2025-12-12", "close": 150.807526, "volume": 435902, "typical_volume": 340636.6, "trend": 144.511026, "fair_value": 129.781982, "relative_strength": 1.401244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.614153, "energy": 73.988634, "activity_lines": [ 150.328586, 148.812377, 147.157189, 145.915652 ] }, { "date": "2025-12-19", "close": 153.950562, "volume": 495448, "typical_volume": 347470.15, "trend": 144.891467, "fair_value": 130.047332, "relative_strength": 1.190551, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.348018, "energy": 84.087317, "activity_lines": [ 151.734168, 149.89496, 147.938255, 146.524654 ] }, { "date": "2025-12-26", "close": 154.946198, "volume": 153774, "typical_volume": 341705.05, "trend": 145.286386, "fair_value": 130.323644, "relative_strength": 1.205901, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.422229, "energy": 87.157901, "activity_lines": [ 153.096807, 151.028657, 148.751393, 147.173347 ] }, { "date": "2026-01-02", "close": 155.219482, "volume": 143974, "typical_volume": 337979.55, "trend": 145.632991, "fair_value": 130.574447, "relative_strength": 1.104142, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.83916, "energy": 90.013665, "activity_lines": [ 154.059887, 152.081778, 149.524463, 147.814191 ] }, { "date": "2026-01-09", "close": 157.620697, "volume": 631984, "typical_volume": 359793.5, "trend": 146.142222, "fair_value": 130.82963, "relative_strength": 1.385404, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.755567, "energy": 93.217929, "activity_lines": [ 155.50191, 153.429504, 150.467189, 148.587592 ] }, { "date": "2026-01-16", "close": 157.913544, "volume": 467858, "typical_volume": 369306.3, "trend": 146.748318, "fair_value": 131.086473, "relative_strength": 1.527909, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.057523, "energy": 91.146823, "activity_lines": [ 156.636794, 154.595148, 151.378589, 149.347032 ] }, { "date": "2026-01-23", "close": 155.082855, "volume": 599789, "typical_volume": 385484.45, "trend": 147.218119, "fair_value": 131.323752, "relative_strength": 1.615658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.775258, "energy": 74.767492, "activity_lines": [ 156.35438, 155.004402, 151.955419, 149.884744 ] }, { "date": "2026-01-30", "close": 155.297577, "volume": 550237, "typical_volume": 403931.7, "trend": 147.698949, "fair_value": 131.555538, "relative_strength": 1.324637, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.514209, "energy": 60.334209, "activity_lines": [ 156.068054, 155.329885, 152.508542, 150.405999 ] }, { "date": "2026-02-06", "close": 158.733459, "volume": 348740, "typical_volume": 377679.05, "trend": 148.28463, "fair_value": 131.826686, "relative_strength": 1.566632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.422837, "energy": 62.90706, "activity_lines": [ 156.903597, 156.139871, 153.337297, 151.117903 ] }, { "date": "2026-02-13", "close": 159.709534, "volume": 748211, "typical_volume": 388905.85, "trend": 148.856624, "fair_value": 132.095041, "relative_strength": 0.812147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.560269, "energy": 66.715017, "activity_lines": [ 157.830233, 156.975764, 154.185108, 151.854994 ] }, { "date": "2026-02-20", "close": 162.950211, "volume": 443361, "typical_volume": 389336.95, "trend": 149.547053, "fair_value": 132.391148, "relative_strength": 0.817408, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.459479, "energy": 86.824056, "activity_lines": [ 159.697838, 158.252503, 155.251474, 152.764258 ] }, { "date": "2026-02-27", "close": 163.692047, "volume": 658959, "typical_volume": 402549.7, "trend": 150.311014, "fair_value": 132.688194, "relative_strength": 0.049543, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.361698, "energy": 92.856031, "activity_lines": [ 161.476945, 159.443346, 156.310776, 153.676838 ] }, { "date": "2026-03-06", "close": 154.438629, "volume": 538550, "typical_volume": 414612.8, "trend": 150.756767, "fair_value": 132.948011, "relative_strength": 0.886438, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.432255, "energy": 56.563257, "activity_lines": [ 159.597633, 158.774631, 156.408387, 153.943135 ] }, { "date": "2026-03-13", "close": 152.541656, "volume": 433043, "typical_volume": 424900.4, "trend": 151.080721, "fair_value": 133.200769, "relative_strength": 1.506878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.838804, "energy": 29.5908, "activity_lines": [ 157.14326, 157.770241, 156.293634, 154.05829 ] }, { "date": "2026-03-20", "close": 146.413986, "volume": 515868, "typical_volume": 439834.85, "trend": 151.121681, "fair_value": 133.412375, "relative_strength": 1.387895, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -5.326379, "energy": 20.842671, "activity_lines": [ 153.059116, 155.700416, 155.57086, 153.75721 ] }, { "date": "2026-03-27", "close": 149.188919, "volume": 433501, "typical_volume": 450035.35, "trend": 151.285723, "fair_value": 133.610698, "relative_strength": 1.145971, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.164358, "energy": 38.016895, "activity_lines": [ 150.786321, 154.338883, 155.104097, 153.632516 ] }, { "date": "2026-04-03", "close": 154.383072, "volume": 342000, "typical_volume": 450487.2, "trend": 151.571496, "fair_value": 133.83791, "relative_strength": 1.224992, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.571551, "energy": 31.109089, "activity_lines": [ 151.162329, 154.080371, 155.110254, 153.832345 ] }, { "date": "2026-04-10", "close": 157.287842, "volume": 267759, "typical_volume": 437844.7, "trend": 151.998995, "fair_value": 134.067405, "relative_strength": 1.455056, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.171678, "energy": 20.373294, "activity_lines": [ 153.127192, 154.362723, 155.364224, 154.201141 ] }, { "date": "2026-04-17", "close": 160.953064, "volume": 334916, "typical_volume": 440564.7, "trend": 152.590315, "fair_value": 134.312699, "relative_strength": 1.82973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.420234, "energy": 24.8421, "activity_lines": [ 156.123849, 155.275292, 155.921065, 154.778823 ] }, { "date": "2026-04-24", "close": 158.220322, "volume": 351232, "typical_volume": 444755.3, "trend": 153.171234, "fair_value": 134.536318, "relative_strength": 1.976007, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.921525, "energy": 32.283231, "activity_lines": [ 157.64883, 155.650642, 156.16738, 155.142049 ] }, { "date": "2026-05-01", "close": 157.861267, "volume": 255768, "typical_volume": 435748.6, "trend": 153.545616, "fair_value": 134.748309, "relative_strength": 1.927882, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 40.813543, "energy": 33.703101, "activity_lines": [ 158.267038, 155.987786, 156.347733, 155.444632 ] }, { "date": "2026-05-08", "close": 158.339996, "volume": 444689, "typical_volume": 433210.65, "trend": 153.930099, "fair_value": 134.962245, "relative_strength": 2.441353, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 41.593775, "energy": 34.986976, "activity_lines": [ 158.466666, 156.504498, 156.54009, 155.753947 ] }, { "date": "2026-05-15", "close": 159.100006, "volume": 589791, "typical_volume": 455011.5, "trend": 154.307379, "fair_value": 135.183075, "relative_strength": 1.939374, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 52.320865, "energy": 39.809933, "activity_lines": [ 158.655835, 157.256703, 156.783927, 156.087489 ] }, { "date": "2026-05-22", "close": 162.179993, "volume": 342753, "typical_volume": 464950.45, "trend": 154.799689, "fair_value": 135.432639, "relative_strength": 1.68072, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 62.485212, "energy": 40.069241, "activity_lines": [ 159.750856, 158.484154, 157.301316, 156.5954 ] }, { "date": "2026-05-29", "close": 163.199997, "volume": 247667, "typical_volume": 445734.6, "trend": 155.417102, "fair_value": 135.688291, "relative_strength": 1.964493, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.164612, "energy": 48.13377, "activity_lines": [ 161.104082, 159.721818, 157.882703, 157.137355 ] }, { "date": "2026-06-05", "close": 161.020004, "volume": 61930, "typical_volume": 425438.2, "trend": 155.9638, "fair_value": 135.942779, "relative_strength": 1.710615, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.605737, "energy": 50.713544, "activity_lines": [ 161.398666, 160.257919, 158.229904, 157.498833 ] }, { "date": "2026-06-12", "close": 164.940002, "volume": 37470, "typical_volume": 397322.25, "trend": 156.517525, "fair_value": 136.213293, "relative_strength": 1.704436, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.186848, "energy": 65.99893, "activity_lines": [ 162.789334, 161.291636, 158.935645, 158.077943 ] }, { "date": "2026-06-19", "close": 165.274765, "volume": 72923, "typical_volume": 373456.55, "trend": 157.107138, "fair_value": 136.498988, "relative_strength": 1.384866, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.588113, "energy": 70.846807, "activity_lines": [ 163.851589, 162.194276, 159.626329, 158.642926 ] }, { "date": "2026-06-26", "close": 169.341843, "volume": 47083, "typical_volume": 358373.7, "trend": 157.738614, "fair_value": 136.804685, "relative_strength": 0.927975, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.065036, "energy": 82.039064, "activity_lines": [ 165.857886, 163.691167, 160.656844, 159.432262 ] }, { "date": "2026-07-03", "close": 172.511749, "volume": 57498, "typical_volume": 323838.05, "trend": 158.43736, "fair_value": 137.157671, "relative_strength": 0.992585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.308204, "energy": 92.588137, "activity_lines": [ 168.443361, 165.611881, 161.938738, 160.385367 ] }, { "date": "2026-07-10", "close": 170.179169, "volume": 406707, "typical_volume": 322005.35, "trend": 159.083082, "fair_value": 137.477277, "relative_strength": 0.929591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.238705, "energy": 88.082459, "activity_lines": [ 169.630527, 166.848646, 162.937519, 161.142903 ] }, { "date": "2026-07-17", "close": 171.036453, "volume": 272627, "typical_volume": 302688.75, "trend": 159.652611, "fair_value": 137.796773, "relative_strength": 0.665353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.00109, "energy": 89.070996, "activity_lines": [ 170.492843, 168.017319, 163.983523, 161.914088 ] }, { "date": "2026-07-24", "close": 170.360001, "volume": 346815, "typical_volume": 293102.0, "trend": 160.166405, "fair_value": 138.102075, "relative_strength": 0.383725, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.351711, "energy": 85.048005, "activity_lines": [ 170.723244, 168.832156, 164.930129, 162.604888 ] }, { "date": "2026-07-31", "close": 171.139999, "volume": 406520, "typical_volume": 291775.85, "trend": 160.697089, "fair_value": 138.428015, "relative_strength": 0.704368, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.042685, "energy": 66.003559, "activity_lines": [ 170.87463, 169.584083, 165.875204, 163.312862 ] }, { "date": "2026-08-07", "close": 174.100006, "volume": 264446, "typical_volume": 279204.75, "trend": 161.246399, "fair_value": 138.775308, "relative_strength": 1.032588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.060685, "energy": 69.253165, "activity_lines": [ 171.892807, 170.711285, 167.013622, 164.177566 ] } ], "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." } } }