{ "ticker": { "uuid": "d93f7ca9-1159-45d0-a8e3-d55a908390e6", "symbol": "PJP", "name": "INVESCO EXCHANGE TRADED FD TR PHARMACEUTICALS ETF", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 82.925, "architecture_energy": 69.791, "architecture_maturity": 31.197, "architecture_confidence": 78.352, "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": 3.63, "rotation_up": 76.62, "upward_expansion": 89.72, "deceleration": 51.01, "rotation_down": 16.26, "downward_expansion": 11.72 }, "activity_lines": [ 121.939333, 120.084503, 115.483933, 112.541636 ], "activity_state": "Wide", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 124.85, "trend_reference": 109.529342, "distance_from_trend": 0.139877, "trend_direction": "Improving", "fair_value": 87.535163, "distance_from_fair_value": 0.426284, "fair_value_direction": "Improving", "relative_strength": 6.730032, "relative_strength_direction": "Improving", "price_momentum": 0.133153, "excess_performance": 0.007528, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.139877, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.04459, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.426284, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.173821, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.0673, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.086821, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.133153, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 14.027249, "read": "Demand-led" } ], "volume": { "latest": 210697, "relative_activity": 1.341459, "balance": 14.027249, "dry_up": 2.268434, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.035022, "annualized_volatility": 0.164295, "from_high_reference": -0.008891, "from_low_reference": 0.463293 }, "levels": { "trend_reference": 109.529342, "fair_value_reference": 87.535163, "structural_low": 99.05, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.003642, "positive_rate": 0.678571, "directional_follow_through": 0.678571, "median_excess_return": -0.012568, "regime_survival": 0.678571, "best_return": 0.09535, "worst_return": -0.107399, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.000323, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.021771, "regime_survival": 0.4, "best_return": 0.168253, "worst_return": -0.090552, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.007652, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.083646, "regime_survival": 0.428571, "best_return": 0.195209, "worst_return": -0.109612, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.02896, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.081837, "regime_survival": 0.0, "best_return": 0.114637, "worst_return": -0.093063, "sufficient": false } ], "ledger": [ { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-12-27", "end": "2025-01-31", "tenure": "Developing", "return": 0.035262, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-07", "end": "2025-02-21", "tenure": "New", "return": 0.004406, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-02-28", "end": "2025-03-14", "tenure": "New", "return": -0.030355, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-03-28", "tenure": "New", "return": -0.012077, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.019496, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-23", "end": "2025-06-13", "tenure": "New", "return": 0.031339, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-25", "tenure": "Developing", "return": 0.061665, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-22", "tenure": "New", "return": 0.11292, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-29", "end": "2026-01-23", "tenure": "Established", "return": 0.157926, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-30", "end": "2026-02-13", "tenure": "New", "return": 0.041415, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-13", "tenure": "New", "return": -0.057307, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-05-08", "tenure": "Developing", "return": 0.05418, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-05-15", "end": "2026-05-29", "tenure": "New", "return": 0.037639, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.129645, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 75.812093, "volume": 94930, "typical_volume": 54608.85, "trend": 74.308056, "fair_value": 73.051459, "relative_strength": -5.51187, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 58.733244, "energy": 66.790391, "activity_lines": [ 76.256601, 75.2608, 74.608102, 74.397988 ] }, { "date": "2023-08-25", "close": 75.564176, "volume": 35300, "typical_volume": 54574.45, "trend": 74.29824, "fair_value": 73.139681, "relative_strength": -6.528823, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.854476, "energy": 62.633201, "activity_lines": [ 76.062152, 75.425632, 74.70942, 74.479028 ] }, { "date": "2023-09-01", "close": 76.11167, "volume": 29623, "typical_volume": 54940.6, "trend": 74.31115, "fair_value": 73.233883, "relative_strength": -8.090239, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.753335, "energy": 53.662845, "activity_lines": [ 76.057018, 75.670576, 74.860098, 74.596024 ] }, { "date": "2023-09-08", "close": 74.554546, "volume": 37676, "typical_volume": 55521.75, "trend": 74.300505, "fair_value": 73.327251, "relative_strength": -8.693194, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 37.836157, "energy": 20.975238, "activity_lines": [ 75.524517, 75.588118, 74.857543, 74.611727 ] }, { "date": "2023-09-15", "close": 73.704852, "volume": 40213, "typical_volume": 56289.6, "trend": 74.236229, "fair_value": 73.404688, "relative_strength": -9.427989, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.072795, "energy": 14.47174, "activity_lines": [ 74.801193, 75.330777, 74.785542, 74.573298 ] }, { "date": "2023-09-22", "close": 71.321358, "volume": 25986, "typical_volume": 54398.7, "trend": 74.136839, "fair_value": 73.480326, "relative_strength": -9.504163, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -26.386843, "energy": 28.031742, "activity_lines": [ 73.525157, 74.60017, 74.493316, 74.385241 ] }, { "date": "2023-09-29", "close": 70.461509, "volume": 33759, "typical_volume": 55114.35, "trend": 73.996066, "fair_value": 73.548328, "relative_strength": -9.689178, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -52.301582, "energy": 54.318158, "activity_lines": [ 72.261886, 73.738732, 74.134303, 74.148123 ] }, { "date": "2023-10-06", "close": 69.959582, "volume": 24641, "typical_volume": 54142.8, "trend": 73.952416, "fair_value": 73.5915, "relative_strength": -10.461102, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.076058, "energy": 82.928219, "activity_lines": [ 71.171485, 72.880669, 73.742063, 73.887705 ] }, { "date": "2023-10-13", "close": 69.412964, "volume": 112027, "typical_volume": 57683.2, "trend": 73.889557, "fair_value": 73.63613, "relative_strength": -11.209325, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.561383, "energy": 87.095064, "activity_lines": [ 70.309016, 72.032806, 73.317295, 73.594837 ] }, { "date": "2023-10-20", "close": 68.751647, "volume": 25477, "typical_volume": 56119.95, "trend": 73.782745, "fair_value": 73.679451, "relative_strength": -9.612944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.516291, "energy": 89.810428, "activity_lines": [ 69.568881, 71.183389, 72.84262, 73.263359 ] }, { "date": "2023-10-27", "close": 66.093332, "volume": 28140, "typical_volume": 53210.75, "trend": 73.531416, "fair_value": 73.72753, "relative_strength": -10.561297, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.157611, "energy": 95.456664, "activity_lines": [ 68.272854, 70.006642, 72.138408, 72.767268 ] }, { "date": "2023-11-03", "close": 69.170812, "volume": 36187, "typical_volume": 51796.9, "trend": 73.337779, "fair_value": 73.776452, "relative_strength": -11.187815, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.923473, "energy": 80.576798, "activity_lines": [ 68.351189, 69.566142, 71.761763, 72.485939 ] }, { "date": "2023-11-10", "close": 66.851821, "volume": 25784, "typical_volume": 49344.6, "trend": 73.063659, "fair_value": 73.797396, "relative_strength": -14.963248, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.429047, "energy": 75.325085, "activity_lines": [ 67.742574, 68.82025, 71.189618, 72.06749 ] }, { "date": "2023-11-17", "close": 68.116327, "volume": 23891, "typical_volume": 49187.0, "trend": 72.768716, "fair_value": 73.824186, "relative_strength": -14.921262, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.496606, "energy": 59.320787, "activity_lines": [ 67.762644, 68.472629, 70.770396, 71.748307 ] }, { "date": "2023-11-24", "close": 68.721658, "volume": 18716, "typical_volume": 47771.0, "trend": 72.555189, "fair_value": 73.854202, "relative_strength": -14.642092, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.134899, "energy": 49.90541, "activity_lines": [ 68.070934, 68.352127, 70.434142, 71.487206 ] }, { "date": "2023-12-01", "close": 69.510331, "volume": 38369, "typical_volume": 46589.85, "trend": 72.389098, "fair_value": 73.884753, "relative_strength": -13.967883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.258794, "energy": 39.52284, "activity_lines": [ 68.644115, 68.465623, 70.186278, 71.290764 ] }, { "date": "2023-12-08", "close": 70.129293, "volume": 34346, "typical_volume": 44171.15, "trend": 72.275989, "fair_value": 73.917567, "relative_strength": -12.995502, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.29486, "energy": 27.001104, "activity_lines": [ 69.195816, 68.724586, 70.012667, 71.14497 ] }, { "date": "2023-12-15", "close": 71.837403, "volume": 83767, "typical_volume": 45476.55, "trend": 72.201877, "fair_value": 73.949101, "relative_strength": -12.514108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.226836, "energy": 21.548908, "activity_lines": [ 70.252988, 69.300154, 70.028101, 71.116674 ] }, { "date": "2023-12-22", "close": 73.662316, "volume": 58921, "typical_volume": 42493.05, "trend": 72.251982, "fair_value": 73.990923, "relative_strength": -10.659838, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 3.853605, "energy": 22.144915, "activity_lines": [ 71.586093, 70.173383, 70.237094, 71.210896 ] }, { "date": "2023-12-29", "close": 74.28786, "volume": 117769, "typical_volume": 46276.1, "trend": 72.271078, "fair_value": 74.032887, "relative_strength": -9.763997, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.721676, "energy": 41.542847, "activity_lines": [ 72.757979, 71.083086, 70.516513, 71.342243 ] }, { "date": "2024-01-05", "close": 75.221588, "volume": 32422, "typical_volume": 43150.7, "trend": 72.334036, "fair_value": 74.064086, "relative_strength": -6.740816, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 40.889239, "energy": 57.577167, "activity_lines": [ 73.870028, 72.061899, 70.899352, 71.532599 ] }, { "date": "2024-01-12", "close": 75.010633, "volume": 152778, "typical_volume": 49024.6, "trend": 72.351208, "fair_value": 74.081951, "relative_strength": -8.311141, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.641106, "energy": 65.446983, "activity_lines": [ 74.531009, 72.836389, 71.264912, 71.705282 ] }, { "date": "2024-01-19", "close": 74.620156, "volume": 177783, "typical_volume": 56432.6, "trend": 72.382689, "fair_value": 74.090597, "relative_strength": -9.463729, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.488243, "energy": 64.136872, "activity_lines": [ 74.736407, 73.433704, 71.59592, 71.851666 ] }, { "date": "2024-01-26", "close": 74.854442, "volume": 90987, "typical_volume": 59098.15, "trend": 72.430072, "fair_value": 74.100832, "relative_strength": -9.738818, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.502066, "energy": 58.263692, "activity_lines": [ 74.834385, 73.932374, 71.956343, 72.011134 ] }, { "date": "2024-02-02", "close": 74.141822, "volume": 102824, "typical_volume": 62228.7, "trend": 72.517792, "fair_value": 74.087218, "relative_strength": -11.488305, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 35.293293, "energy": 41.490221, "activity_lines": [ 74.615347, 74.178965, 72.247469, 72.121569 ] }, { "date": "2024-02-09", "close": 74.991109, "volume": 110104, "typical_volume": 66434.6, "trend": 72.593361, "fair_value": 74.076039, "relative_strength": -11.32882, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.149363, "energy": 41.863918, "activity_lines": [ 74.68914, 74.481424, 72.617399, 72.281138 ] }, { "date": "2024-02-16", "close": 75.323503, "volume": 87397, "typical_volume": 69116.5, "trend": 72.58193, "fair_value": 74.076751, "relative_strength": -10.248213, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.86162, "energy": 42.215244, "activity_lines": [ 74.889097, 74.744668, 73.001511, 72.457276 ] }, { "date": "2024-02-23", "close": 76.526855, "volume": 73014, "typical_volume": 71535.15, "trend": 72.599932, "fair_value": 74.101234, "relative_strength": -9.903079, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.241389, "energy": 63.884887, "activity_lines": [ 75.469313, 75.132263, 73.477075, 72.711788 ] }, { "date": "2024-03-01", "close": 76.045397, "volume": 255620, "typical_volume": 78714.8, "trend": 72.603423, "fair_value": 74.116272, "relative_strength": -10.940082, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.993805, "energy": 66.502071, "activity_lines": [ 75.76193, 75.347057, 73.875514, 72.934076 ] }, { "date": "2024-03-08", "close": 76.46516, "volume": 89181, "typical_volume": 81900.0, "trend": 72.57454, "fair_value": 74.121383, "relative_strength": -9.854258, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.866116, "energy": 64.705985, "activity_lines": [ 76.115071, 75.594843, 74.282346, 73.18322 ] }, { "date": "2024-03-15", "close": 77.236352, "volume": 347543, "typical_volume": 97870.15, "trend": 72.622016, "fair_value": 74.132498, "relative_strength": -8.532989, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.381943, "energy": 72.822368, "activity_lines": [ 76.570387, 75.943259, 74.725895, 73.483982 ] }, { "date": "2024-03-22", "close": 77.686244, "volume": 109504, "typical_volume": 101536.0, "trend": 72.692751, "fair_value": 74.147561, "relative_strength": -9.637281, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.41592, "energy": 72.078115, "activity_lines": [ 77.025984, 76.336841, 75.159229, 73.810707 ] }, { "date": "2024-03-29", "close": 78.419964, "volume": 49601, "typical_volume": 102726.85, "trend": 72.769695, "fair_value": 74.168668, "relative_strength": -8.761861, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.229486, "energy": 76.505925, "activity_lines": [ 77.568638, 76.815179, 75.621891, 74.180204 ] }, { "date": "2024-04-05", "close": 76.542619, "volume": 211260, "typical_volume": 112095.3, "trend": 72.835964, "fair_value": 74.182311, "relative_strength": -9.744832, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.989565, "energy": 55.393822, "activity_lines": [ 77.359303, 76.883094, 75.850671, 74.423619 ] }, { "date": "2024-04-12", "close": 74.876782, "volume": 86470, "typical_volume": 115483.0, "trend": 72.875028, "fair_value": 74.175281, "relative_strength": -9.995941, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.697643, "energy": 39.138156, "activity_lines": [ 76.561541, 76.617436, 75.880676, 74.555284 ] }, { "date": "2024-04-19", "close": 74.406028, "volume": 59468, "typical_volume": 116537.95, "trend": 72.97785, "fair_value": 74.167794, "relative_strength": -7.299009, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 33.418957, "energy": 20.16547, "activity_lines": [ 75.712753, 76.252823, 75.836537, 74.654059 ] }, { "date": "2024-04-26", "close": 74.740604, "volume": 21777, "typical_volume": 115909.5, "trend": 73.120487, "fair_value": 74.171775, "relative_strength": -8.890876, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.628521, "energy": 24.372093, "activity_lines": [ 75.164179, 75.95968, 75.800949, 74.767785 ] }, { "date": "2024-05-03", "close": 77.48902, "volume": 41964, "typical_volume": 113819.35, "trend": 73.371468, "fair_value": 74.18929, "relative_strength": -5.745382, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.012995, "energy": 26.199703, "activity_lines": [ 75.728119, 76.176848, 76.005156, 75.049625 ] }, { "date": "2024-05-10", "close": 78.510847, "volume": 36770, "typical_volume": 112711.8, "trend": 73.674731, "fair_value": 74.2058, "relative_strength": -5.910345, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.00365, "energy": 33.192991, "activity_lines": [ 76.694731, 76.562308, 76.279768, 75.381198 ] }, { "date": "2024-05-17", "close": 79.095866, "volume": 20058, "typical_volume": 107826.25, "trend": 74.019538, "fair_value": 74.224963, "relative_strength": -6.412591, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 70.031027, "energy": 55.546925, "activity_lines": [ 77.725134, 77.009308, 76.587008, 75.730949 ] }, { "date": "2024-05-24", "close": 77.401365, "volume": 32853, "typical_volume": 107847.8, "trend": 74.396473, "fair_value": 74.241856, "relative_strength": -8.10465, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.479337, "energy": 60.11547, "activity_lines": [ 77.909432, 77.100387, 76.709971, 75.949131 ] }, { "date": "2024-05-31", "close": 77.9406, "volume": 17917, "typical_volume": 101104.75, "trend": 74.688799, "fair_value": 74.265192, "relative_strength": -6.797236, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.342227, "energy": 60.56893, "activity_lines": [ 78.073785, 77.286508, 76.87391, 76.177785 ] }, { "date": "2024-06-07", "close": 80.191554, "volume": 21901, "typical_volume": 93310.65, "trend": 75.133457, "fair_value": 74.282299, "relative_strength": -5.034166, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.990478, "energy": 69.864654, "activity_lines": [ 78.775123, 77.877269, 77.238274, 76.532801 ] }, { "date": "2024-06-14", "close": 79.565153, "volume": 26520, "typical_volume": 90087.3, "trend": 75.515084, "fair_value": 74.303191, "relative_strength": -7.018439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.713754, "energy": 54.770869, "activity_lines": [ 79.087492, 78.321928, 77.51645, 76.818717 ] }, { "date": "2024-06-21", "close": 80.521435, "volume": 45368, "typical_volume": 87214.5, "trend": 75.90841, "fair_value": 74.323272, "relative_strength": -6.22162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.507551, "energy": 66.613676, "activity_lines": [ 79.648334, 78.885501, 77.863268, 77.141707 ] }, { "date": "2024-06-28", "close": 80.625164, "volume": 33569, "typical_volume": 83387.75, "trend": 76.278904, "fair_value": 74.342798, "relative_strength": -5.822911, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.146686, "energy": 71.487802, "activity_lines": [ 80.148715, 79.365304, 78.189586, 77.446014 ] }, { "date": "2024-07-05", "close": 79.070048, "volume": 19637, "typical_volume": 79999.75, "trend": 76.57693, "fair_value": 74.35791, "relative_strength": -9.12137, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.597742, "energy": 49.895548, "activity_lines": [ 79.915804, 79.449284, 78.340969, 77.626088 ] }, { "date": "2024-07-12", "close": 82.417333, "volume": 42306, "typical_volume": 78464.35, "trend": 76.929594, "fair_value": 74.405346, "relative_strength": -5.983609, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.147919, "energy": 62.253747, "activity_lines": [ 80.723358, 80.063143, 78.793301, 78.002888 ] }, { "date": "2024-07-19", "close": 82.473336, "volume": 40182, "typical_volume": 67692.45, "trend": 77.223295, "fair_value": 74.437695, "relative_strength": -3.804658, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.26601, "energy": 62.702805, "activity_lines": [ 81.401195, 80.59758, 79.222916, 78.360549 ] }, { "date": "2024-07-26", "close": 84.371036, "volume": 30517, "typical_volume": 64759.25, "trend": 77.5594, "fair_value": 74.483064, "relative_strength": -0.601441, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.818078, "energy": 73.825097, "activity_lines": [ 82.517719, 81.405007, 79.802655, 78.821693 ] }, { "date": "2024-08-02", "close": 83.846714, "volume": 45103, "typical_volume": 49637.25, "trend": 77.846905, "fair_value": 74.517929, "relative_strength": 1.107176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.805097, "energy": 82.959994, "activity_lines": [ 83.202829, 82.021191, 80.294812, 79.227327 ] }, { "date": "2024-08-09", "close": 82.041795, "volume": 206015, "typical_volume": 54462.8, "trend": 78.081277, "fair_value": 74.542201, "relative_strength": -0.81588, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.844883, "energy": 70.723133, "activity_lines": [ 83.07153, 82.19202, 80.583594, 79.497965 ] }, { "date": "2024-08-16", "close": 83.662917, "volume": 41176, "typical_volume": 54041.55, "trend": 78.382702, "fair_value": 74.580894, "relative_strength": -2.4417, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.547409, "energy": 61.065136, "activity_lines": [ 83.282488, 82.58303, 81.006027, 79.858071 ] }, { "date": "2024-08-23", "close": 86.121817, "volume": 34026, "typical_volume": 45179.85, "trend": 78.758281, "fair_value": 74.636265, "relative_strength": -0.712811, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.364899, "energy": 63.90756, "activity_lines": [ 84.23004, 83.357998, 81.637676, 80.357368 ] }, { "date": "2024-08-30", "close": 87.612594, "volume": 49423, "typical_volume": 43327.5, "trend": 79.207307, "fair_value": 74.694904, "relative_strength": 0.924756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.801461, "energy": 74.253378, "activity_lines": [ 85.431286, 84.284805, 82.365687, 80.928614 ] }, { "date": "2024-09-06", "close": 84.362602, "volume": 52191, "typical_volume": 42963.65, "trend": 79.51969, "fair_value": 74.750659, "relative_strength": 1.547044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.154919, "energy": 63.8601, "activity_lines": [ 85.333098, 84.491773, 82.723529, 81.261214 ] }, { "date": "2024-09-13", "close": 85.561402, "volume": 18947, "typical_volume": 42822.15, "trend": 79.860953, "fair_value": 74.817333, "relative_strength": -0.782123, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.599975, "energy": 63.866376, "activity_lines": [ 85.600117, 84.848752, 83.148131, 81.651002 ] }, { "date": "2024-09-20", "close": 86.376818, "volume": 45227, "typical_volume": 42985.3, "trend": 80.189286, "fair_value": 74.890475, "relative_strength": -1.042697, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.675021, "energy": 56.439624, "activity_lines": [ 85.904301, 85.235963, 83.598863, 82.07138 ] }, { "date": "2024-09-27", "close": 84.701226, "volume": 89959, "typical_volume": 45644.75, "trend": 80.477813, "fair_value": 74.95722, "relative_strength": -3.280868, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.005649, "energy": 42.34327, "activity_lines": [ 85.469027, 85.246531, 83.847692, 82.362473 ] }, { "date": "2024-10-04", "close": 84.916806, "volume": 38129, "typical_volume": 46548.3, "trend": 80.759535, "fair_value": 75.028407, "relative_strength": -3.084974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.58896, "energy": 36.371617, "activity_lines": [ 85.20032, 85.255788, 84.087575, 82.64886 ] }, { "date": "2024-10-11", "close": 85.450789, "volume": 27027, "typical_volume": 46257.0, "trend": 81.033349, "fair_value": 75.100324, "relative_strength": -3.396469, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.088083, "energy": 35.495289, "activity_lines": [ 85.289326, 85.35221, 84.350594, 82.951521 ] }, { "date": "2024-10-18", "close": 87.039077, "volume": 39387, "typical_volume": 47330.5, "trend": 81.34511, "fair_value": 75.177405, "relative_strength": -2.240231, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.587912, "energy": 44.021109, "activity_lines": [ 85.835215, 85.708247, 84.726548, 83.338988 ] }, { "date": "2024-10-25", "close": 84.949049, "volume": 29667, "typical_volume": 47718.8, "trend": 81.562747, "fair_value": 75.237663, "relative_strength": -3.473146, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 45.192136, "energy": 33.728461, "activity_lines": [ 85.585917, 85.593418, 84.860126, 83.5715 ] }, { "date": "2024-11-01", "close": 84.981489, "volume": 25696, "typical_volume": 47677.6, "trend": 81.844042, "fair_value": 75.290663, "relative_strength": -1.928786, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 42.171156, "energy": 30.809223, "activity_lines": [ 85.442617, 85.461104, 84.974139, 83.792064 ] }, { "date": "2024-11-08", "close": 88.091808, "volume": 19975, "typical_volume": 46407.95, "trend": 82.284543, "fair_value": 75.358217, "relative_strength": -2.873203, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.017214, "energy": 46.814593, "activity_lines": [ 86.317406, 85.915035, 85.35858, 84.195145 ] }, { "date": "2024-11-15", "close": 82.336342, "volume": 72896, "typical_volume": 48374.3, "trend": 82.548887, "fair_value": 75.394323, "relative_strength": -7.142734, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 17.0698, "energy": 10.392202, "activity_lines": [ 85.062039, 85.313805, 85.158833, 84.198487 ] }, { "date": "2024-11-22", "close": 85.193235, "volume": 32081, "typical_volume": 48996.5, "trend": 82.897308, "fair_value": 75.458838, "relative_strength": -5.37616, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 30.92148, "energy": 14.600123, "activity_lines": [ 84.9666, 85.268852, 85.223022, 84.36909 ] }, { "date": "2024-11-29", "close": 85.582909, "volume": 14758, "typical_volume": 47619.1, "trend": 83.167104, "fair_value": 75.537476, "relative_strength": -5.917246, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.892326, "energy": 16.225233, "activity_lines": [ 85.124108, 85.301442, 85.295165, 84.542355 ] }, { "date": "2024-12-06", "close": 85.136514, "volume": 19573, "typical_volume": 46588.65, "trend": 83.38796, "fair_value": 75.614537, "relative_strength": -7.047606, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.585062, "energy": 13.380851, "activity_lines": [ 85.09056, 85.267304, 85.30972, 84.669414 ] }, { "date": "2024-12-13", "close": 82.559786, "volume": 23047, "typical_volume": 46215.15, "trend": 83.503424, "fair_value": 75.658439, "relative_strength": -9.11655, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -1.307206, "energy": 7.123075, "activity_lines": [ 84.187768, 84.756755, 85.06619, 84.615983 ] }, { "date": "2024-12-20", "close": 81.269652, "volume": 102872, "typical_volume": 49103.6, "trend": 83.632367, "fair_value": 75.680068, "relative_strength": -8.629919, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.813291, "energy": 35.683644, "activity_lines": [ 83.223733, 84.054492, 84.708415, 84.471869 ] }, { "date": "2024-12-27", "close": 81.899479, "volume": 20366, "typical_volume": 39821.15, "trend": 83.764329, "fair_value": 75.707513, "relative_strength": -8.277035, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.221129, "energy": 46.838701, "activity_lines": [ 82.540753, 83.542763, 84.422896, 84.36007 ] }, { "date": "2025-01-03", "close": 82.125888, "volume": 39144, "typical_volume": 39719.55, "trend": 83.828807, "fair_value": 75.745977, "relative_strength": -7.261835, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -31.089668, "energy": 53.131274, "activity_lines": [ 82.152827, 83.165647, 84.159617, 84.254364 ] }, { "date": "2025-01-10", "close": 80.98448, "volume": 24376, "typical_volume": 39237.05, "trend": 83.876118, "fair_value": 75.780804, "relative_strength": -6.506585, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -40.532583, "energy": 57.84978, "activity_lines": [ 81.614899, 82.632333, 83.794952, 84.070859 ] }, { "date": "2025-01-17", "close": 81.440255, "volume": 28207, "typical_volume": 38176.25, "trend": 83.906745, "fair_value": 75.83695, "relative_strength": -8.4288, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.112582, "energy": 49.268722, "activity_lines": [ 81.505698, 82.254559, 83.498158, 83.913706 ] }, { "date": "2025-01-24", "close": 83.545551, "volume": 30777, "typical_volume": 37105.55, "trend": 84.004092, "fair_value": 75.90279, "relative_strength": -7.450208, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -55.668128, "energy": 34.551265, "activity_lines": [ 82.172898, 82.380504, 83.43126, 83.890403 ] }, { "date": "2025-01-31", "close": 84.787399, "volume": 86041, "typical_volume": 40460.25, "trend": 84.19467, "fair_value": 75.975916, "relative_strength": -4.979125, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -29.24099, "energy": 16.045807, "activity_lines": [ 83.102321, 82.710254, 83.486524, 83.940939 ] }, { "date": "2025-02-07", "close": 84.925492, "volume": 45412, "typical_volume": 40469.5, "trend": 84.278275, "fair_value": 76.049436, "relative_strength": -4.53197, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.96879, "energy": 16.856877, "activity_lines": [ 83.885247, 83.072491, 83.558625, 83.988089 ] }, { "date": "2025-02-14", "close": 84.82791, "volume": 26091, "typical_volume": 37276.1, "trend": 84.356761, "fair_value": 76.129935, "relative_strength": -5.872116, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 4.295938, "energy": 19.658355, "activity_lines": [ 84.449005, 83.428938, 83.628344, 84.02355 ] }, { "date": "2025-02-21", "close": 85.299653, "volume": 20509, "typical_volume": 36395.1, "trend": 84.387715, "fair_value": 76.210668, "relative_strength": -3.678019, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.887675, "energy": 28.611317, "activity_lines": [ 84.913782, 83.876768, 83.742387, 84.084381 ] }, { "date": "2025-02-28", "close": 85.500237, "volume": 30614, "typical_volume": 36574.45, "trend": 84.442832, "fair_value": 76.288617, "relative_strength": -2.435693, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.856841, "energy": 36.407816, "activity_lines": [ 85.188127, 84.311252, 83.873711, 84.156157 ] }, { "date": "2025-03-07", "close": 85.289796, "volume": 30388, "typical_volume": 36124.5, "trend": 84.551099, "fair_value": 76.366497, "relative_strength": 0.452478, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 21.142921, "energy": 35.204512, "activity_lines": [ 85.262013, 84.630554, 83.984757, 84.2108 ] }, { "date": "2025-03-14", "close": 82.904864, "volume": 23117, "typical_volume": 35797.0, "trend": 84.525831, "fair_value": 76.407378, "relative_strength": -0.008228, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -16.955017, "energy": 13.776702, "activity_lines": [ 84.507429, 84.45459, 83.876997, 84.104591 ] }, { "date": "2025-03-21", "close": 84.304519, "volume": 22812, "typical_volume": 35652.8, "trend": 84.465254, "fair_value": 76.456611, "relative_strength": 1.184054, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.666845, "energy": 3.90798, "activity_lines": [ 84.354104, 84.518945, 83.912272, 84.090313 ] }, { "date": "2025-03-28", "close": 83.28639, "volume": 18865, "typical_volume": 35597.3, "trend": 84.321047, "fair_value": 76.494207, "relative_strength": 1.48443, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -15.144472, "energy": 12.570847, "activity_lines": [ 83.896296, 84.337822, 83.853805, 84.014257 ] }, { "date": "2025-04-04", "close": 77.719461, "volume": 52443, "typical_volume": 34574.65, "trend": 84.099609, "fair_value": 76.478778, "relative_strength": 4.085263, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.568485, "energy": 54.616143, "activity_lines": [ 81.717063, 83.110964, 83.288038, 83.588348 ] }, { "date": "2025-04-11", "close": 75.568827, "volume": 45383, "typical_volume": 35239.75, "trend": 83.766523, "fair_value": 76.459674, "relative_strength": -4.141176, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.671517, "energy": 79.614331, "activity_lines": [ 79.33967, 81.59901, 82.539433, 83.037975 ] }, { "date": "2025-04-18", "close": 76.487519, "volume": 35418, "typical_volume": 36272.75, "trend": 83.43688, "fair_value": 76.468566, "relative_strength": -1.499753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.943583, "energy": 83.188083, "activity_lines": [ 77.916572, 80.421702, 81.924154, 82.568362 ] }, { "date": "2025-04-25", "close": 78.955458, "volume": 21610, "typical_volume": 36374.6, "trend": 83.245354, "fair_value": 76.507788, "relative_strength": -2.725617, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.353915, "energy": 78.111527, "activity_lines": [ 77.743944, 79.846527, 81.587228, 82.279238 ] }, { "date": "2025-05-02", "close": 81.000587, "volume": 81481, "typical_volume": 39296.3, "trend": 83.114814, "fair_value": 76.576166, "relative_strength": -2.910595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.737897, "energy": 65.392565, "activity_lines": [ 78.609629, 79.749966, 81.474509, 82.134414 ] }, { "date": "2025-05-09", "close": 77.548894, "volume": 75725, "typical_volume": 37938.95, "trend": 82.851417, "fair_value": 76.623833, "relative_strength": -6.463093, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.290639, "energy": 46.253166, "activity_lines": [ 78.477137, 79.10399, 81.040483, 81.775323 ] }, { "date": "2025-05-16", "close": 79.234694, "volume": 31151, "typical_volume": 38478.2, "trend": 82.591271, "fair_value": 76.675051, "relative_strength": -9.018694, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.17142, "energy": 29.071641, "activity_lines": [ 78.917949, 78.909092, 80.784727, 81.541986 ] }, { "date": "2025-05-23", "close": 78.140096, "volume": 63010, "typical_volume": 39671.5, "trend": 82.364306, "fair_value": 76.703082, "relative_strength": -7.778852, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -46.802722, "energy": 28.82464, "activity_lines": [ 78.749505, 78.625269, 80.437413, 81.254813 ] }, { "date": "2025-05-30", "close": 79.082123, "volume": 30024, "typical_volume": 39953.9, "trend": 82.167661, "fair_value": 76.747135, "relative_strength": -8.107862, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.393363, "energy": 29.111494, "activity_lines": [ 78.784897, 78.599356, 80.198796, 81.043059 ] }, { "date": "2025-06-06", "close": 80.655794, "volume": 50760, "typical_volume": 41081.55, "trend": 81.919793, "fair_value": 76.824391, "relative_strength": -7.591987, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -37.925459, "energy": 21.175372, "activity_lines": [ 79.336402, 78.954518, 80.119111, 80.94552 ] }, { "date": "2025-06-13", "close": 80.588951, "volume": 36313, "typical_volume": 41358.35, "trend": 81.861547, "fair_value": 76.910298, "relative_strength": -7.172673, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -34.327233, "energy": 16.342696, "activity_lines": [ 79.888612, 79.345355, 80.036795, 80.859659 ] }, { "date": "2025-06-20", "close": 79.014786, "volume": 25064, "typical_volume": 38309.5, "trend": 81.655599, "fair_value": 76.952061, "relative_strength": -8.637613, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.811729, "energy": 17.370958, "activity_lines": [ 79.713431, 79.397808, 79.818638, 80.675997 ] }, { "date": "2025-06-27", "close": 79.151017, "volume": 38548, "typical_volume": 37966.3, "trend": 81.441202, "fair_value": 76.989641, "relative_strength": -11.301258, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -35.568895, "energy": 16.78543, "activity_lines": [ 79.59832, 79.412377, 79.640944, 80.514411 ] }, { "date": "2025-07-04", "close": 80.73829, "volume": 13346, "typical_volume": 37329.05, "trend": 81.294595, "fair_value": 77.029688, "relative_strength": -10.851768, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.114686, "energy": 10.001084, "activity_lines": [ 79.944905, 79.667113, 79.641917, 80.469062 ] }, { "date": "2025-07-11", "close": 81.829013, "volume": 14710, "typical_volume": 37039.1, "trend": 81.270236, "fair_value": 77.081228, "relative_strength": -9.183717, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -3.649736, "energy": 6.407757, "activity_lines": [ 80.544653, 80.087748, 79.766242, 80.50354 ] }, { "date": "2025-07-18", "close": 81.481775, "volume": 20171, "typical_volume": 36516.95, "trend": 81.277307, "fair_value": 77.139299, "relative_strength": -9.872693, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -4.698857, "energy": 13.753249, "activity_lines": [ 80.950441, 80.430186, 79.874024, 80.517188 ] }, { "date": "2025-07-25", "close": 83.887238, "volume": 14298, "typical_volume": 35712.45, "trend": 81.343565, "fair_value": 77.211987, "relative_strength": -8.289701, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 33.64616, "energy": 47.704388, "activity_lines": [ 82.098528, 81.138474, 80.230033, 80.685571 ] }, { "date": "2025-08-01", "close": 81.718789, "volume": 39363, "typical_volume": 36524.75, "trend": 81.329995, "fair_value": 77.266776, "relative_strength": -8.107446, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.333385, "energy": 40.683828, "activity_lines": [ 82.198969, 81.367906, 80.386202, 80.709779 ] }, { "date": "2025-08-08", "close": 84.951273, "volume": 39512, "typical_volume": 37359.75, "trend": 81.462222, "fair_value": 77.341353, "relative_strength": -6.507304, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.766866, "energy": 55.623123, "activity_lines": [ 83.20572, 82.119997, 80.855875, 80.943409 ] }, { "date": "2025-08-15", "close": 89.301863, "volume": 26742, "typical_volume": 37753.6, "trend": 81.724275, "fair_value": 77.444002, "relative_strength": -2.491114, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 63.362562, "energy": 76.022146, "activity_lines": [ 85.381802, 83.556391, 81.736809, 81.449193 ] }, { "date": "2025-08-22", "close": 90.946479, "volume": 38258, "typical_volume": 37044.35, "trend": 81.970973, "fair_value": 77.578899, "relative_strength": -0.793121, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 90.596882, "energy": 93.586537, "activity_lines": [ 87.607899, 85.134606, 82.745729, 82.044174 ] }, { "date": "2025-08-29", "close": 90.390899, "volume": 24509, "typical_volume": 36000.65, "trend": 82.157756, "fair_value": 77.714674, "relative_strength": -1.128802, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.15326, "energy": 92.138817, "activity_lines": [ 89.017822, 86.423487, 83.63875, 82.587395 ] }, { "date": "2025-09-05", "close": 92.134924, "volume": 19203, "typical_volume": 35189.9, "trend": 82.398071, "fair_value": 77.840919, "relative_strength": 0.652431, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.949103, "energy": 93.137712, "activity_lines": [ 90.57551, 87.822625, 84.627288, 83.231083 ] }, { "date": "2025-09-12", "close": 91.273874, "volume": 25845, "typical_volume": 35401.65, "trend": 82.612936, "fair_value": 77.97255, "relative_strength": -1.626152, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.605647, "energy": 88.720764, "activity_lines": [ 91.151772, 88.829138, 85.45931, 83.803715 ] }, { "date": "2025-09-19", "close": 91.948507, "volume": 22680, "typical_volume": 32461.6, "trend": 82.834565, "fair_value": 78.12439, "relative_strength": -1.904289, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.018564, "energy": 86.329804, "activity_lines": [ 91.531405, 89.766755, 86.296923, 84.40601 ] }, { "date": "2025-09-26", "close": 90.591891, "volume": 24345, "typical_volume": 29892.6, "trend": 83.004286, "fair_value": 78.264444, "relative_strength": -2.903486, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.951391, "energy": 65.341234, "activity_lines": [ 91.28239, 90.273724, 86.953202, 84.906483 ] }, { "date": "2025-10-03", "close": 95.137698, "volume": 52368, "typical_volume": 30953.45, "trend": 83.33255, "fair_value": 78.428322, "relative_strength": 0.950546, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.027002, "energy": 70.671805, "activity_lines": [ 92.572283, 91.441565, 87.980305, 85.689284 ] }, { "date": "2025-10-10", "close": 92.223102, "volume": 36675, "typical_volume": 29636.7, "trend": 83.643158, "fair_value": 78.571169, "relative_strength": 0.393624, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.443059, "energy": 61.751914, "activity_lines": [ 92.574191, 91.874925, 88.654099, 86.262868 ] }, { "date": "2025-10-17", "close": 93.56159, "volume": 19568, "typical_volume": 29113.9, "trend": 83.951727, "fair_value": 78.714128, "relative_strength": 0.242917, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.575308, "energy": 61.75225, "activity_lines": [ 93.016383, 92.360659, 89.388306, 86.902767 ] }, { "date": "2025-10-24", "close": 94.515749, "volume": 21458, "typical_volume": 27648.8, "trend": 84.326039, "fair_value": 78.841758, "relative_strength": -0.536147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.165704, "energy": 64.609379, "activity_lines": [ 93.624113, 92.863326, 90.144436, 87.584316 ] }, { "date": "2025-10-31", "close": 96.401489, "volume": 18929, "typical_volume": 26779.6, "trend": 84.948773, "fair_value": 78.986976, "relative_strength": 0.861199, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.97191, "energy": 67.936566, "activity_lines": [ 94.689274, 93.614056, 91.01416, 88.363378 ] }, { "date": "2025-11-07", "close": 96.375827, "volume": 131200, "typical_volume": 32086.4, "trend": 85.64234, "fair_value": 79.125355, "relative_strength": 2.577134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.19486, "energy": 78.746055, "activity_lines": [ 95.358575, 94.260939, 91.806143, 89.100607 ] }, { "date": "2025-11-14", "close": 101.612512, "volume": 71827, "typical_volume": 33750.35, "trend": 86.479839, "fair_value": 79.292791, "relative_strength": 7.86357, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.559145, "energy": 94.017032, "activity_lines": [ 97.690895, 95.751129, 93.014185, 90.130941 ] }, { "date": "2025-11-21", "close": 103.527792, "volume": 70161, "typical_volume": 36591.1, "trend": 87.298917, "fair_value": 79.470704, "relative_strength": 11.859099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.131752, "energy": 96.640955, "activity_lines": [ 100.035681, 97.417233, 94.297676, 91.230809 ] }, { "date": "2025-11-28", "close": 105.59943, "volume": 47657, "typical_volume": 38238.45, "trend": 88.118879, "fair_value": 79.646577, "relative_strength": 9.86834, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.757555, "energy": 96.549321, "activity_lines": [ 102.4066, 99.237199, 95.669944, 92.411487 ] }, { "date": "2025-12-05", "close": 104.582509, "volume": 76395, "typical_volume": 41049.65, "trend": 89.019999, "fair_value": 79.830815, "relative_strength": 8.286092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.323487, "energy": 91.558071, "activity_lines": [ 103.699633, 100.624072, 96.83217, 93.473657 ] }, { "date": "2025-12-12", "close": 105.31367, "volume": 48126, "typical_volume": 42741.05, "trend": 89.889298, "fair_value": 80.021824, "relative_strength": 9.430013, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.115636, "energy": 89.713382, "activity_lines": [ 104.690985, 101.889508, 97.954027, 94.524861 ] }, { "date": "2025-12-19", "close": 106.112963, "volume": 76099, "typical_volume": 44577.85, "trend": 90.821727, "fair_value": 80.215266, "relative_strength": 9.876413, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.216713, "energy": 80.315102, "activity_lines": [ 105.352912, 103.115253, 99.049977, 95.571549 ] }, { "date": "2025-12-26", "close": 107.517638, "volume": 35606, "typical_volume": 44382.55, "trend": 91.769578, "fair_value": 80.417672, "relative_strength": 9.518439, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.931181, "energy": 72.396168, "activity_lines": [ 106.183033, 104.34385, 100.163542, 96.648705 ] }, { "date": "2026-01-02", "close": 104.0683, "volume": 163189, "typical_volume": 51204.9, "trend": 92.549995, "fair_value": 80.585363, "relative_strength": 6.939717, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.693256, "energy": 66.815022, "activity_lines": [ 105.597386, 104.691549, 100.84114, 97.442171 ] }, { "date": "2026-01-09", "close": 104.976991, "volume": 122344, "typical_volume": 55409.2, "trend": 93.362929, "fair_value": 80.763933, "relative_strength": 6.034739, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.421992, "energy": 64.243132, "activity_lines": [ 105.416711, 105.030781, 101.534964, 98.243912 ] }, { "date": "2026-01-16", "close": 103.679502, "volume": 1236719, "typical_volume": 116019.7, "trend": 94.185086, "fair_value": 80.940476, "relative_strength": 4.919044, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.851557, "energy": 55.372312, "activity_lines": [ 104.777241, 104.978188, 102.038405, 98.909498 ] }, { "date": "2026-01-23", "close": 104.665953, "volume": 135231, "typical_volume": 121821.1, "trend": 95.035584, "fair_value": 81.125138, "relative_strength": 6.107434, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.818534, "energy": 43.882427, "activity_lines": [ 104.575532, 104.972156, 102.572515, 99.585683 ] }, { "date": "2026-01-30", "close": 104.936217, "volume": 97914, "typical_volume": 125424.55, "trend": 95.842182, "fair_value": 81.312393, "relative_strength": 5.830576, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.665461, "energy": 40.730366, "activity_lines": [ 104.560379, 104.959745, 103.072693, 100.224433 ] }, { "date": "2026-02-06", "close": 110.17931, "volume": 162210, "typical_volume": 132401.05, "trend": 96.787192, "fair_value": 81.53871, "relative_strength": 11.089264, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.199841, "energy": 57.440185, "activity_lines": [ 106.465018, 105.875017, 104.007154, 101.149409 ] }, { "date": "2026-02-13", "close": 109.282183, "volume": 156054, "typical_volume": 138986.5, "trend": 97.713872, "fair_value": 81.754409, "relative_strength": 11.327052, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.969398, "energy": 63.126446, "activity_lines": [ 107.663214, 106.543904, 104.769362, 101.955538 ] }, { "date": "2026-02-20", "close": 107.85659, "volume": 79838, "typical_volume": 140360.0, "trend": 98.51285, "fair_value": 81.969496, "relative_strength": 8.46831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.423872, "energy": 60.426027, "activity_lines": [ 108.0992, 106.868143, 105.306797, 102.609907 ] }, { "date": "2026-02-27", "close": 108.036035, "volume": 108770, "typical_volume": 143964.75, "trend": 99.390092, "fair_value": 82.183286, "relative_strength": 9.020509, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.237031, "energy": 62.895031, "activity_lines": [ 108.316528, 107.178774, 105.800756, 103.224306 ] }, { "date": "2026-03-06", "close": 104.43716, "volume": 93182, "typical_volume": 147645.45, "trend": 100.039622, "fair_value": 82.395902, "relative_strength": 7.443438, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.003422, "energy": 42.060124, "activity_lines": [ 107.109559, 106.800099, 105.876665, 103.549923 ] }, { "date": "2026-03-13", "close": 101.675696, "volume": 39542, "typical_volume": 148549.65, "trend": 100.452083, "fair_value": 82.590626, "relative_strength": 6.132693, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.726744, "energy": 14.126599, "activity_lines": [ 105.015373, 105.975349, 105.637789, 103.655476 ] }, { "date": "2026-03-20", "close": 99.891213, "volume": 51271, "typical_volume": 150166.75, "trend": 100.75024, "fair_value": 82.769698, "relative_strength": 6.141835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -10.130557, "energy": 21.891567, "activity_lines": [ 102.893266, 104.869649, 105.194868, 103.619291 ] }, { "date": "2026-03-27", "close": 99.777, "volume": 55705, "typical_volume": 146392.0, "trend": 101.06311, "fair_value": 82.937287, "relative_strength": 8.359, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.999345, "energy": 30.659558, "activity_lines": [ 101.359153, 103.835651, 104.724451, 103.556501 ] }, { "date": "2026-04-03", "close": 103.0699, "volume": 46296, "typical_volume": 145115.45, "trend": 101.42761, "fair_value": 83.117351, "relative_strength": 8.201963, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.548052, "energy": 25.073964, "activity_lines": [ 101.461313, 103.471317, 104.551448, 103.685971 ] }, { "date": "2026-04-10", "close": 103.56, "volume": 49847, "typical_volume": 144099.75, "trend": 101.837147, "fair_value": 83.299944, "relative_strength": 4.807055, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.333366, "energy": 18.630092, "activity_lines": [ 102.057915, 103.225112, 104.418181, 103.823545 ] }, { "date": "2026-04-17", "close": 107.3139, "volume": 58951, "typical_volume": 144664.45, "trend": 102.349327, "fair_value": 83.494491, "relative_strength": 3.857085, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.838298, "energy": 15.30819, "activity_lines": [ 103.964294, 103.686456, 104.642275, 104.176884 ] }, { "date": "2026-04-24", "close": 103.727203, "volume": 715680, "typical_volume": 176628.7, "trend": 102.787171, "fair_value": 83.677822, "relative_strength": -0.151755, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.403324, "energy": 17.524997, "activity_lines": [ 104.299228, 103.547771, 104.516615, 104.265779 ] }, { "date": "2026-05-01", "close": 104.98414, "volume": 197010, "typical_volume": 184072.9, "trend": 103.115385, "fair_value": 83.873278, "relative_strength": 0.102382, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.464638, "energy": 21.815062, "activity_lines": [ 104.797407, 103.73862, 104.514736, 104.407519 ] }, { "date": "2026-05-08", "close": 105.303362, "volume": 78842, "typical_volume": 184210.05, "trend": 103.551394, "fair_value": 84.077001, "relative_strength": -1.952079, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 27.931522, "energy": 21.169737, "activity_lines": [ 105.054852, 104.039736, 104.544828, 104.548679 ] }, { "date": "2026-05-15", "close": 105.399926, "volume": 46204, "typical_volume": 184739.95, "trend": 103.946005, "fair_value": 84.277893, "relative_strength": -2.167657, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.7196, "energy": 16.231066, "activity_lines": [ 105.195587, 104.408094, 104.587972, 104.667939 ] }, { "date": "2026-05-22", "close": 108.78787, "volume": 17174, "typical_volume": 177439.2, "trend": 104.421743, "fair_value": 84.512693, "relative_strength": -0.023406, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.077186, "energy": 36.295039, "activity_lines": [ 106.342975, 105.374937, 104.963861, 104.980317 ] }, { "date": "2026-05-29", "close": 109.367058, "volume": 25514, "typical_volume": 172597.7, "trend": 104.853928, "fair_value": 84.741232, "relative_strength": -1.046884, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 66.356784, "energy": 53.063451, "activity_lines": [ 107.585161, 106.317775, 105.372437, 105.29937 ] }, { "date": "2026-06-05", "close": 110.521445, "volume": 74391, "typical_volume": 114481.3, "trend": 105.325449, "fair_value": 84.97962, "relative_strength": 2.379698, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.42077, "energy": 63.728327, "activity_lines": [ 108.836152, 107.298213, 105.87005, 105.665016 ] }, { "date": "2026-06-12", "close": 113.573207, "volume": 96854, "typical_volume": 112562.45, "trend": 105.724139, "fair_value": 85.230118, "relative_strength": 4.383589, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.60991, "energy": 77.553014, "activity_lines": [ 110.735244, 108.638163, 106.625726, 106.19713 ] }, { "date": "2026-06-19", "close": 111.358604, "volume": 90928, "typical_volume": 112213.15, "trend": 105.985166, "fair_value": 85.471675, "relative_strength": 1.211224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.912407, "energy": 72.092996, "activity_lines": [ 111.344811, 109.384489, 107.128072, 106.560643 ] }, { "date": "2026-06-26", "close": 118.67, "volume": 69487, "typical_volume": 107577.0, "trend": 106.420851, "fair_value": 85.761656, "relative_strength": 10.013814, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.472214, "energy": 85.520494, "activity_lines": [ 113.994266, 111.318367, 108.296159, 107.37902 ] }, { "date": "2026-07-03", "close": 120.9068, "volume": 55154, "typical_volume": 102532.0, "trend": 106.964995, "fair_value": 86.078301, "relative_strength": 9.259534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.107506, "energy": 92.485411, "activity_lines": [ 116.730511, 113.452461, 109.636842, 108.313597 ] }, { "date": "2026-07-10", "close": 118.55, "volume": 38103, "typical_volume": 100445.25, "trend": 107.406206, "fair_value": 86.372057, "relative_strength": 5.354392, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.39277, "energy": 87.237999, "activity_lines": [ 117.911841, 114.84569, 110.697713, 109.061017 ] }, { "date": "2026-07-17", "close": 119.71, "volume": 761119, "typical_volume": 133062.7, "trend": 107.85944, "fair_value": 86.654388, "relative_strength": 7.640495, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.268456, "energy": 87.868751, "activity_lines": [ 118.9446, 116.203176, 111.818139, 109.85481 ] }, { "date": "2026-07-24", "close": 120.37, "volume": 249399, "typical_volume": 140873.55, "trend": 108.287852, "fair_value": 86.938895, "relative_strength": 8.457561, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.947898, "energy": 85.375217, "activity_lines": [ 119.78824, 117.418723, 112.945832, 110.661943 ] }, { "date": "2026-07-31", "close": 121.44, "volume": 203957, "typical_volume": 149094.3, "trend": 108.866909, "fair_value": 87.230558, "relative_strength": 7.825581, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.813894, "energy": 68.690687, "activity_lines": [ 120.387787, 118.556632, 114.099559, 111.510469 ] }, { "date": "2026-08-07", "close": 124.85, "volume": 210697, "typical_volume": 157065.6, "trend": 109.529342, "fair_value": 87.535163, "relative_strength": 6.730032, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.924693, "energy": 69.790948, "activity_lines": [ 121.939333, 120.084503, 115.483933, 112.541636 ] } ], "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." } } }