{ "ticker": { "uuid": "db225fd7-0147-4416-87d9-6171ff0b4461", "symbol": "XDED", "name": "Xtrackers S&P 500 Equal Weight UCITS ETF 2D", "exchange": "LSE", "country": "GB", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 79.981, "architecture_energy": 66.582, "architecture_maturity": 79.059, "architecture_confidence": 70.997, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 13.81, "rotation_up": 54.43, "upward_expansion": 82.81, "deceleration": 71.49, "rotation_down": 27.9, "downward_expansion": 11.81 }, "activity_lines": [ 77.583332, 77.347727, 75.956074, 74.694891 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 78.635002, "trend_reference": 73.237299, "distance_from_trend": 0.073702, "trend_direction": "Improving", "fair_value": 69.471093, "distance_from_fair_value": 0.13191, "fair_value_direction": "Improving", "relative_strength": 1.702026, "relative_strength_direction": "Improving", "price_momentum": 0.109303, "excess_performance": 0.058068, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.073702, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.039389, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.13191, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.08644, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.01702, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.022855, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.109303, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.426267, "read": "Demand-led" } ], "volume": { "latest": 31693, "relative_activity": 1.3728, "balance": 4.426267, "dry_up": 0.808853, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.016966, "annualized_volatility": 0.085673, "from_high_reference": -0.138917, "from_low_reference": 0.218207 }, "levels": { "trend_reference": 73.237299, "fair_value_reference": 69.471093, "structural_low": 68.127786, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 11, "median_return": 0.004444, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": -0.019367, "regime_survival": 0.727273, "best_return": 0.04634, "worst_return": -0.059121, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.029851, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.010684, "regime_survival": 0.5, "best_return": 0.092319, "worst_return": -0.1233, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.01424, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.066965, "regime_survival": 0.5, "best_return": 0.093852, "worst_return": -0.065372, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.009016, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.187654, "regime_survival": 0.0, "best_return": -0.009016, "worst_return": -0.009016, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-09-13", "end": "2024-12-27", "tenure": "Established", "return": 0.061876, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.033426, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": -0.035658, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.098256, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-13", "tenure": "Developing", "return": 0.070885, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-20", "end": "2025-07-18", "tenure": "Developing", "return": 0.040614, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-25", "end": "2025-08-29", "tenure": "Developing", "return": 0.001782, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-11-28", "tenure": "Established", "return": 0.046483, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-01-30", "tenure": "Developing", "return": -0.001656, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-06", "end": "2026-03-27", "tenure": "Developing", "return": -0.030909, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-05-01", "tenure": "Developing", "return": 0.024872, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-08", "end": "2026-08-07", "tenure": "Established", "return": 0.092319, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 68.453331, "volume": 323, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-08-25", "close": 68.265587, "volume": 252, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-01", "close": 69.901047, "volume": 1412, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-08", "close": 68.684082, "volume": 324, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-15", "close": 68.741806, "volume": 25, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-22", "close": 66.923569, "volume": 77, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-09-29", "close": 66.538757, "volume": 126, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-06", "close": 64.860001, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-13", "close": 65.446838, "volume": 0, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-20", "close": 64.128868, "volume": 447, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-10-27", "close": 62.902287, "volume": 6746, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-03", "close": 66.177994, "volume": 533, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-10", "close": 65.047585, "volume": 1450, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-17", "close": 67.57238, "volume": 20949, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-11-24", "close": 68.392677, "volume": 1194, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-01", "close": 69.661713, "volume": 3183, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-08", "close": 69.902969, "volume": 602, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-15", "close": 72.991119, "volume": 2542, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-22", "close": 73.232376, "volume": 454616, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2023-12-29", "close": 74.081612, "volume": 750, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-05", "close": 72.966995, "volume": 1300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-12", "close": 72.966995, "volume": 536, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-19", "close": 72.315582, "volume": 5118, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-01-26", "close": 73.652168, "volume": 12885, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-02", "close": 73.724541, "volume": 8393, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-09", "close": 73.941681, "volume": 7785, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-16", "close": 75.123871, "volume": 1456, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-02-23", "close": 75.585052, "volume": 8310, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-01", "close": 76.25486, "volume": 5634, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-08", "close": 77.458534, "volume": 6612, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-15", "close": 76.672272, "volume": 4368, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-22", "close": 78.118637, "volume": 7748, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-03-29", "close": 79.336884, "volume": 2841, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-05", "close": 77.769173, "volume": 10582, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-12", "close": 76.322792, "volume": 3086, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-19", "close": 74.881287, "volume": 3201, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-04-26", "close": 76.036446, "volume": 3300, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-03", "close": 76.021873, "volume": 5282, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-10", "close": 77.725494, "volume": 972, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-17", "close": 78.526314, "volume": 1089, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-24", "close": 77.683525, "volume": 3361, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-05-31", "close": 76.57869, "volume": 1350, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-07", "close": 77.118935, "volume": 4298, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-14", "close": 76.36454, "volume": 3617, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-21", "close": 77.235756, "volume": 7752, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-06-28", "close": 77.294159, "volume": 7494, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-05", "close": 76.568962, "volume": 1785, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-12", "close": 79.299385, "volume": 3060, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-19", "close": 78.939224, "volume": 4280, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-07-26", "close": 79.460007, "volume": 7582, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-02", "close": 60.595188, "volume": 26130, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-09", "close": 61.120838, "volume": 42364, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-16", "close": 62.040718, "volume": 28407, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-23", "close": 61.894588, "volume": 21477, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-08-30", "close": 62.358498, "volume": 12718, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-06", "close": 60.927719, "volume": 18487, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2024-09-13", "close": 62.407333, "volume": 19511, "typical_volume": 11050.8, "trend": 73.619923, "fair_value": 70.47551, "relative_strength": -17.405483, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.801955, "energy": 67.339388, "activity_lines": [ 61.910195, 63.642546, 68.70449, 71.080853 ] }, { "date": "2024-09-20", "close": 62.539181, "volume": 19808, "typical_volume": 11777.1, "trend": 73.18506, "fair_value": 70.37753, "relative_strength": -16.602498, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.743039, "energy": 65.148828, "activity_lines": [ 62.114665, 62.848878, 67.802689, 70.365967 ] }, { "date": "2024-09-27", "close": 63.217945, "volume": 53747, "typical_volume": 14415.85, "trend": 72.750497, "fair_value": 70.290218, "relative_strength": -16.414738, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.348329, "energy": 59.040421, "activity_lines": [ 62.512159, 62.483354, 67.029736, 69.722927 ] }, { "date": "2024-10-04", "close": 63.823456, "volume": 15551, "typical_volume": 15138.95, "trend": 72.295994, "fair_value": 70.212305, "relative_strength": -15.034305, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.803664, "energy": 53.490504, "activity_lines": [ 63.023266, 62.513764, 66.383534, 69.146989 ] }, { "date": "2024-10-11", "close": 64.800095, "volume": 86947, "typical_volume": 19318.25, "trend": 71.900255, "fair_value": 70.147874, "relative_strength": -13.313176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.768009, "energy": 45.501156, "activity_lines": [ 63.762255, 63.006046, 65.900359, 68.663383 ] }, { "date": "2024-10-18", "close": 65.53746, "volume": 32862, "typical_volume": 20893.85, "trend": 71.480882, "fair_value": 70.093634, "relative_strength": -13.272459, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.05893, "energy": 33.323317, "activity_lines": [ 64.488875, 63.555941, 65.548759, 68.25288 ] }, { "date": "2024-10-25", "close": 64.971008, "volume": 65131, "typical_volume": 23935.5, "trend": 71.00202, "fair_value": 70.034069, "relative_strength": -12.741415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.839059, "energy": 26.184564, "activity_lines": [ 64.818001, 63.922542, 65.195788, 67.832888 ] }, { "date": "2024-11-01", "close": 64.419212, "volume": 35517, "typical_volume": 25530.5, "trend": 70.557021, "fair_value": 69.96953, "relative_strength": -12.53045, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.681878, "energy": 38.822623, "activity_lines": [ 64.801075, 64.135539, 64.848113, 67.408191 ] }, { "date": "2024-11-08", "close": 67.090309, "volume": 50634, "typical_volume": 27674.6, "trend": 70.249272, "fair_value": 69.936812, "relative_strength": -7.617128, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.149199, "energy": 32.106633, "activity_lines": [ 65.594429, 64.788288, 64.81171, 67.184532 ] }, { "date": "2024-11-15", "close": 67.518013, "volume": 48041, "typical_volume": 29701.95, "trend": 70.003829, "fair_value": 69.909634, "relative_strength": -6.800952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -4.707098, "energy": 23.929963, "activity_lines": [ 66.312561, 65.432768, 64.864353, 67.008322 ] }, { "date": "2024-11-22", "close": 69.737106, "volume": 19749, "typical_volume": 30600.15, "trend": 69.793851, "fair_value": 69.907717, "relative_strength": -5.911011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 25.715382, "energy": 42.914878, "activity_lines": [ 67.589196, 66.360896, 65.174891, 66.991114 ] }, { "date": "2024-11-29", "close": 69.624435, "volume": 49371, "typical_volume": 32915.7, "trend": 69.580603, "fair_value": 69.904604, "relative_strength": -6.17759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 23.619372, "energy": 47.073527, "activity_lines": [ 68.548298, 67.13527, 65.507231, 66.980184 ] }, { "date": "2024-12-06", "close": 68.517342, "volume": 41098, "typical_volume": 34756.6, "trend": 69.273665, "fair_value": 69.889525, "relative_strength": -7.706632, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.242205, "energy": 53.37736, "activity_lines": [ 68.82814, 67.579532, 65.780205, 66.911586 ] }, { "date": "2024-12-13", "close": 68.066666, "volume": 57369, "typical_volume": 37245.95, "trend": 68.92501, "fair_value": 69.869925, "relative_strength": -7.937979, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 9.032141, "energy": 51.892473, "activity_lines": [ 68.684549, 67.845499, 66.059885, 66.833715 ] }, { "date": "2024-12-20", "close": 66.200272, "volume": 24920, "typical_volume": 37185.45, "trend": 68.542235, "fair_value": 69.830886, "relative_strength": -7.809649, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 0.595443, "energy": 19.74576, "activity_lines": [ 67.853735, 67.694974, 66.216068, 66.657926 ] }, { "date": "2024-12-27", "close": 66.268867, "volume": 6258, "typical_volume": 35380.15, "trend": 68.198574, "fair_value": 69.793391, "relative_strength": -8.164446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.949208, "energy": 17.016191, "activity_lines": [ 67.133636, 67.531462, 66.352092, 66.511257 ] }, { "date": "2025-01-03", "close": 66.827301, "volume": 6863, "typical_volume": 34302.95, "trend": 67.855519, "fair_value": 69.762494, "relative_strength": -7.953606, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -16.466407, "energy": 20.000975, "activity_lines": [ 66.830898, 67.456185, 66.516787, 66.422788 ] }, { "date": "2025-01-10", "close": 67.180008, "volume": 25664, "typical_volume": 34512.3, "trend": 67.549368, "fair_value": 69.735871, "relative_strength": -7.455351, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -19.013605, "energy": 22.188612, "activity_lines": [ 66.832204, 67.411286, 66.692279, 66.379206 ] }, { "date": "2025-01-17", "close": 69.903656, "volume": 41052, "typical_volume": 35929.0, "trend": 67.304965, "fair_value": 69.737583, "relative_strength": -6.308297, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 41.428234, "energy": 25.151219, "activity_lines": [ 67.830548, 67.811399, 67.101997, 66.531096 ] }, { "date": "2025-01-24", "close": 69.061089, "volume": 37274, "typical_volume": 36868.35, "trend": 67.030529, "fair_value": 69.730749, "relative_strength": -7.096727, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": 33.912859, "energy": 45.107333, "activity_lines": [ 68.425571, 68.007167, 67.395542, 66.644394 ] }, { "date": "2025-01-31", "close": 69.492172, "volume": 23654, "typical_volume": 37075.5, "trend": 66.794636, "fair_value": 69.728364, "relative_strength": -8.028523, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.695415, "energy": 67.865628, "activity_lines": [ 68.973567, 68.253258, 67.691412, 66.80321 ] }, { "date": "2025-02-07", "close": 68.703491, "volume": 27933, "typical_volume": 37481.75, "trend": 66.44144, "fair_value": 69.718216, "relative_strength": -8.973915, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.878419, "energy": 69.238446, "activity_lines": [ 69.043782, 68.360405, 67.878432, 66.926362 ] }, { "date": "2025-02-14", "close": 67.963791, "volume": 27495, "typical_volume": 36169.15, "trend": 66.075592, "fair_value": 69.701016, "relative_strength": -9.892675, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.920434, "energy": 54.410143, "activity_lines": [ 68.742351, 68.349806, 67.965651, 67.024578 ] }, { "date": "2025-02-21", "close": 67.751549, "volume": 48498, "typical_volume": 37816.5, "trend": 65.68531, "fair_value": 69.682089, "relative_strength": -9.01384, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.62743, "energy": 32.386279, "activity_lines": [ 68.317921, 68.310682, 68.010057, 67.132704 ] }, { "date": "2025-02-28", "close": 67.014206, "volume": 90700, "typical_volume": 38004.15, "trend": 65.899277, "fair_value": 69.656437, "relative_strength": -11.0783, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.916758, "energy": 18.89939, "activity_lines": [ 67.791184, 68.143225, 67.965534, 67.218439 ] }, { "date": "2025-03-07", "close": 63.686352, "volume": 33262, "typical_volume": 38024.15, "trend": 65.984795, "fair_value": 69.599579, "relative_strength": -13.691889, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -22.45626, "energy": 30.85549, "activity_lines": [ 66.29162, 67.355905, 67.59353, 67.07567 ] }, { "date": "2025-03-14", "close": 62.816299, "volume": 25583, "typical_volume": 36046.75, "trend": 66.010647, "fair_value": 69.535585, "relative_strength": -13.886275, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -47.565357, "energy": 58.26848, "activity_lines": [ 64.889094, 66.457348, 67.147478, 66.871251 ] }, { "date": "2025-03-21", "close": 63.514305, "volume": 30320, "typical_volume": 35786.9, "trend": 66.064638, "fair_value": 69.479312, "relative_strength": -12.577128, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.849685, "energy": 70.025663, "activity_lines": [ 64.111716, 65.758628, 66.778164, 66.710196 ] }, { "date": "2025-03-28", "close": 63.052246, "volume": 28890, "typical_volume": 34699.7, "trend": 66.087763, "fair_value": 69.419802, "relative_strength": -12.796619, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.214791, "energy": 75.669794, "activity_lines": [ 63.47695, 65.042547, 66.369153, 66.515849 ] }, { "date": "2025-04-04", "close": 58.760933, "volume": 38723, "typical_volume": 34233.8, "trend": 66.015537, "fair_value": 69.322014, "relative_strength": -12.125711, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -67.255695, "energy": 86.745545, "activity_lines": [ 61.725034, 63.670799, 65.570674, 66.04315 ] }, { "date": "2025-04-11", "close": 57.428814, "volume": 36758, "typical_volume": 35084.25, "trend": 65.849586, "fair_value": 69.213894, "relative_strength": -12.666354, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.308609, "energy": 95.108943, "activity_lines": [ 60.079297, 62.244123, 64.687027, 65.489168 ] }, { "date": "2025-04-18", "close": 58.185814, "volume": 18099, "typical_volume": 33520.65, "trend": 65.704474, "fair_value": 69.114542, "relative_strength": -14.356523, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.39114, "energy": 91.490932, "activity_lines": [ 59.103061, 61.174416, 63.934087, 64.994731 ] }, { "date": "2025-04-25", "close": 59.360634, "volume": 26035, "typical_volume": 32767.5, "trend": 65.575897, "fair_value": 69.027454, "relative_strength": -13.613836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.852593, "energy": 85.241103, "activity_lines": [ 58.827132, 60.509544, 63.347504, 64.585451 ] }, { "date": "2025-05-02", "close": 60.923794, "volume": 22919, "typical_volume": 31045.0, "trend": 65.479241, "fair_value": 68.95574, "relative_strength": -12.761276, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.278806, "energy": 62.968611, "activity_lines": [ 59.349167, 60.285304, 62.953396, 64.285315 ] }, { "date": "2025-05-09", "close": 61.464508, "volume": 47493, "typical_volume": 32173.65, "trend": 65.368055, "fair_value": 68.890027, "relative_strength": -11.131725, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.336392, "energy": 50.623934, "activity_lines": [ 60.193337, 60.283516, 62.644799, 64.0263 ] }, { "date": "2025-05-16", "close": 63.941956, "volume": 38624, "typical_volume": 33791.95, "trend": 65.314872, "fair_value": 68.847, "relative_strength": -8.504222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.540707, "energy": 25.598415, "activity_lines": [ 61.683085, 60.833077, 62.5947, 63.934294 ] }, { "date": "2025-05-23", "close": 61.067265, "volume": 36257, "typical_volume": 35261.65, "trend": 65.184747, "fair_value": 68.779934, "relative_strength": -12.464001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.61466, "energy": 25.299596, "activity_lines": [ 61.780393, 60.85532, 62.281902, 63.660255 ] }, { "date": "2025-05-30", "close": 61.989685, "volume": 21206, "typical_volume": 35038.75, "trend": 65.103763, "fair_value": 68.721897, "relative_strength": -11.226159, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.802786, "energy": 23.403912, "activity_lines": [ 61.993078, 61.077076, 62.084382, 63.454122 ] }, { "date": "2025-06-06", "close": 62.522415, "volume": 41381, "typical_volume": 35055.2, "trend": 64.951499, "fair_value": 68.669359, "relative_strength": -10.634883, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -28.713224, "energy": 21.763764, "activity_lines": [ 62.208069, 61.423412, 61.962314, 63.287583 ] }, { "date": "2025-06-13", "close": 62.31031, "volume": 44214, "typical_volume": 35402.2, "trend": 64.777909, "fair_value": 68.615922, "relative_strength": -10.558885, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.403658, "energy": 15.580313, "activity_lines": [ 62.245783, 61.740818, 61.855195, 63.117184 ] }, { "date": "2025-06-20", "close": 62.670403, "volume": 11163, "typical_volume": 34777.65, "trend": 64.542353, "fair_value": 68.566376, "relative_strength": -8.765996, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.196426, "energy": 12.395988, "activity_lines": [ 62.347142, 62.05916, 61.814516, 62.981216 ] }, { "date": "2025-06-27", "close": 62.907173, "volume": 8456, "typical_volume": 33803.8, "trend": 64.318444, "fair_value": 68.519606, "relative_strength": -8.150141, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.792808, "energy": 12.232015, "activity_lines": [ 62.612195, 62.32525, 61.828872, 62.87572 ] }, { "date": "2025-07-04", "close": 64.219284, "volume": 49753, "typical_volume": 34916.7, "trend": 64.175175, "fair_value": 68.484357, "relative_strength": -6.012332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.185926, "energy": 13.598642, "activity_lines": [ 63.191957, 62.744063, 61.995792, 62.869323 ] }, { "date": "2025-07-11", "close": 64.924667, "volume": 22696, "typical_volume": 33626.6, "trend": 64.070442, "fair_value": 68.455417, "relative_strength": -5.686378, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 14.718216, "energy": 39.615703, "activity_lines": [ 63.858207, 63.202788, 62.247722, 62.917677 ] }, { "date": "2025-07-18", "close": 65.215698, "volume": 18858, "typical_volume": 30034.5, "trend": 64.037623, "fair_value": 68.42929, "relative_strength": -5.22652, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.236144, "energy": 56.19665, "activity_lines": [ 64.461317, 63.641684, 62.540831, 62.991565 ] }, { "date": "2025-07-25", "close": 66.157845, "volume": 72556, "typical_volume": 31999.2, "trend": 64.033922, "fair_value": 68.411118, "relative_strength": -4.649028, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 42.679437, "energy": 67.385927, "activity_lines": [ 65.184784, 64.183677, 62.932233, 63.128353 ] }, { "date": "2025-08-01", "close": 64.949326, "volume": 17091, "typical_volume": 31574.6, "trend": 63.971323, "fair_value": 68.383644, "relative_strength": -5.7975, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 37.615912, "energy": 63.739398, "activity_lines": [ 65.272915, 64.46565, 63.196769, 63.187411 ] }, { "date": "2025-08-08", "close": 64.766815, "volume": 14956, "typical_volume": 30806.4, "trend": 63.890883, "fair_value": 68.355165, "relative_strength": -6.256199, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.907424, "energy": 53.482798, "activity_lines": [ 65.164065, 64.643856, 63.433765, 63.238733 ] }, { "date": "2025-08-15", "close": 65.166374, "volume": 12826, "typical_volume": 30003.2, "trend": 63.732974, "fair_value": 68.330252, "relative_strength": -6.044322, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.353571, "energy": 45.915493, "activity_lines": [ 65.1519, 64.844216, 63.70285, 63.321023 ] }, { "date": "2025-08-22", "close": 66.661766, "volume": 11349, "typical_volume": 28634.5, "trend": 63.652996, "fair_value": 68.317318, "relative_strength": -5.70293, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 52.092709, "energy": 56.586251, "activity_lines": [ 65.622085, 65.268394, 64.104286, 63.509977 ] }, { "date": "2025-08-29", "close": 66.275749, "volume": 6118, "typical_volume": 27102.5, "trend": 63.545782, "fair_value": 68.301614, "relative_strength": -4.824922, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 70.975385, "energy": 73.263961, "activity_lines": [ 65.867192, 65.543269, 64.431336, 63.679187 ] }, { "date": "2025-09-05", "close": 66.062958, "volume": 9528, "typical_volume": 26673.95, "trend": 63.457764, "fair_value": 68.284525, "relative_strength": -5.280307, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.526693, "energy": 76.809805, "activity_lines": [ 66.03351, 65.713903, 64.695992, 63.841586 ] }, { "date": "2025-09-12", "close": 66.429176, "volume": 6010, "typical_volume": 25672.7, "trend": 63.406611, "fair_value": 68.270469, "relative_strength": -5.432667, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.55655, "energy": 79.987253, "activity_lines": [ 66.247658, 65.893745, 64.958015, 64.03329 ] }, { "date": "2025-09-19", "close": 66.597443, "volume": 9171, "typical_volume": 24985.3, "trend": 63.36814, "fair_value": 68.25789, "relative_strength": -4.417398, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.256907, "energy": 64.880211, "activity_lines": [ 66.40707, 66.064, 65.202404, 64.23915 ] }, { "date": "2025-09-26", "close": 66.998299, "volume": 36851, "typical_volume": 24453.2, "trend": 63.36761, "fair_value": 68.24849, "relative_strength": -4.454585, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.24836, "energy": 59.029747, "activity_lines": [ 66.604697, 66.276725, 65.457952, 64.473354 ] }, { "date": "2025-10-03", "close": 67.928688, "volume": 10995, "typical_volume": 23071.75, "trend": 63.509021, "fair_value": 68.246121, "relative_strength": -5.102337, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.152444, "energy": 73.373458, "activity_lines": [ 67.090018, 66.6262, 65.775758, 64.767617 ] }, { "date": "2025-10-10", "close": 66.929016, "volume": 14556, "typical_volume": 21986.7, "trend": 63.646112, "fair_value": 68.236437, "relative_strength": -5.685358, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.333742, "energy": 61.707119, "activity_lines": [ 67.131919, 66.761719, 65.979372, 64.988262 ] }, { "date": "2025-10-17", "close": 66.740952, "volume": 10860, "typical_volume": 21469.4, "trend": 63.753667, "fair_value": 68.225521, "relative_strength": -5.046069, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.528512, "energy": 54.492416, "activity_lines": [ 67.053395, 66.827051, 66.137162, 65.187929 ] }, { "date": "2025-10-24", "close": 91.321083, "volume": 16612, "typical_volume": 20230.95, "trend": 64.695961, "fair_value": 68.39288, "relative_strength": 25.493854, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 96.744925, "energy": 97.640647, "activity_lines": [ 75.147463, 71.325604, 68.613292, 66.966472 ] }, { "date": "2025-10-31", "close": 68.230576, "volume": 8195, "typical_volume": 18430.0, "trend": 65.011616, "fair_value": 68.391712, "relative_strength": -6.725461, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.793165, "energy": 54.96603, "activity_lines": [ 73.896453, 71.150342, 68.75319, 67.194511 ] }, { "date": "2025-11-07", "close": 67.374413, "volume": 18501, "typical_volume": 18796.9, "trend": 65.343136, "fair_value": 68.384446, "relative_strength": -7.245253, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.30703, "energy": 48.802446, "activity_lines": [ 72.277903, 70.790891, 68.783356, 67.34695 ] }, { "date": "2025-11-14", "close": 68.260262, "volume": 33240, "typical_volume": 20036.1, "trend": 65.678951, "fair_value": 68.383565, "relative_strength": -5.856651, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.349998, "energy": 42.969825, "activity_lines": [ 70.991587, 70.572528, 68.875489, 67.535151 ] }, { "date": "2025-11-21", "close": 67.420456, "volume": 14938, "typical_volume": 18295.35, "trend": 65.947612, "fair_value": 68.376783, "relative_strength": -5.132911, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.816031, "energy": 23.810637, "activity_lines": [ 69.336587, 70.161521, 68.86215, 67.647507 ] }, { "date": "2025-11-28", "close": 69.133781, "volume": 8067, "typical_volume": 17563.9, "trend": 66.221278, "fair_value": 68.382076, "relative_strength": -4.212683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.293001, "energy": 22.219428, "activity_lines": [ 68.207394, 70.044006, 68.996741, 67.853066 ] }, { "date": "2025-12-05", "close": 68.97982, "volume": 7863, "typical_volume": 17014.15, "trend": 66.471788, "fair_value": 68.386227, "relative_strength": -3.619742, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 25.189686, "energy": 18.227241, "activity_lines": [ 68.506035, 69.852381, 69.096625, 68.031036 ] }, { "date": "2025-12-12", "close": 69.272835, "volume": 7606, "typical_volume": 13766.65, "trend": 66.649484, "fair_value": 68.392342, "relative_strength": -2.771864, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 26.236376, "energy": 15.216699, "activity_lines": [ 68.852398, 69.678005, 69.206491, 68.211749 ] }, { "date": "2025-12-19", "close": 68.974869, "volume": 12962, "typical_volume": 13560.2, "trend": 66.913071, "fair_value": 68.396332, "relative_strength": -5.319064, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.178856, "energy": 11.587251, "activity_lines": [ 68.972878, 69.425014, 69.273147, 68.361774 ] }, { "date": "2025-12-26", "close": 68.508041, "volume": 6517, "typical_volume": 13138.25, "trend": 67.13035, "fair_value": 68.397092, "relative_strength": -5.411209, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 17.516099, "energy": 8.638724, "activity_lines": [ 68.890107, 69.049948, 69.276173, 68.464675 ] }, { "date": "2026-01-02", "close": 68.364029, "volume": 2948, "typical_volume": 12644.35, "trend": 67.32507, "fair_value": 68.396868, "relative_strength": -6.063473, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.434386, "energy": 10.206187, "activity_lines": [ 68.686827, 68.616569, 69.247668, 68.544267 ] }, { "date": "2026-01-09", "close": 70.479607, "volume": 7721, "typical_volume": 12462.95, "trend": 67.59738, "fair_value": 68.410847, "relative_strength": -4.519004, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 32.967251, "energy": 13.470485, "activity_lines": [ 69.240056, 68.985241, 69.40542, 68.747786 ] }, { "date": "2026-01-16", "close": 71.363579, "volume": 13343, "typical_volume": 12824.2, "trend": 67.887153, "fair_value": 68.430531, "relative_strength": -4.051585, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 38.61456, "energy": 18.733893, "activity_lines": [ 69.987957, 69.473745, 69.62918, 68.990766 ] }, { "date": "2026-01-23", "close": 70.141914, "volume": 5295, "typical_volume": 12612.55, "trend": 68.128311, "fair_value": 68.441865, "relative_strength": -4.534635, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 35.056464, "energy": 30.603194, "activity_lines": [ 70.189254, 69.667597, 69.712363, 69.136235 ] }, { "date": "2026-01-30", "close": 68.865608, "volume": 15346, "typical_volume": 13079.35, "trend": 68.283188, "fair_value": 68.444653, "relative_strength": -6.690088, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 33.165079, "energy": 46.329134, "activity_lines": [ 69.887312, 69.595181, 69.654569, 69.183802 ] }, { "date": "2026-02-06", "close": 70.886833, "volume": 12078, "typical_volume": 13224.7, "trend": 68.481927, "fair_value": 68.460615, "relative_strength": -5.038191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.144894, "energy": 57.123432, "activity_lines": [ 70.235274, 69.863986, 69.777671, 69.35178 ] }, { "date": "2026-02-13", "close": 71.388412, "volume": 7989, "typical_volume": 11781.6, "trend": 68.687684, "fair_value": 68.479626, "relative_strength": -4.826213, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.47954, "energy": 59.375125, "activity_lines": [ 70.582242, 70.192113, 69.928116, 69.539295 ] }, { "date": "2026-02-20", "close": 72.093681, "volume": 4935, "typical_volume": 11478.6, "trend": 68.885545, "fair_value": 68.502943, "relative_strength": -5.776876, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.139169, "energy": 68.346632, "activity_lines": [ 71.103712, 70.604678, 70.124825, 69.759036 ] }, { "date": "2026-02-27", "close": 72.671623, "volume": 99515, "typical_volume": 15726.55, "trend": 69.142955, "fair_value": 68.529665, "relative_strength": -6.731821, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.887891, "energy": 79.720414, "activity_lines": [ 71.769157, 71.071035, 70.356743, 70.0033 ] }, { "date": "2026-03-06", "close": 72.263077, "volume": 19352, "typical_volume": 16151.15, "trend": 69.392831, "fair_value": 68.577692, "relative_strength": -1.530496, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.5031, "energy": 76.962637, "activity_lines": [ 72.129772, 71.395898, 70.522405, 70.204598 ] }, { "date": "2026-03-13", "close": 70.195427, "volume": 45542, "typical_volume": 17597.65, "trend": 69.560466, "fair_value": 68.619661, "relative_strength": -4.015199, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.699752, "energy": 52.596013, "activity_lines": [ 71.574672, 71.276551, 70.464853, 70.256378 ] }, { "date": "2026-03-20", "close": 68.919968, "volume": 62799, "typical_volume": 20327.85, "trend": 69.635739, "fair_value": 68.65355, "relative_strength": -2.396656, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.842893, "energy": 13.312609, "activity_lines": [ 70.640514, 70.892004, 70.386427, 70.215056 ] }, { "date": "2026-03-27", "close": 68.695763, "volume": 42973, "typical_volume": 21551.45, "trend": 69.716406, "fair_value": 68.666253, "relative_strength": -3.091391, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 4.629162, "energy": 17.259268, "activity_lines": [ 69.796183, 70.495049, 70.283365, 70.154412 ] }, { "date": "2026-04-03", "close": 70.110733, "volume": 18148, "typical_volume": 20796.85, "trend": 69.851332, "fair_value": 68.692295, "relative_strength": -5.391449, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.336073, "energy": 20.707731, "activity_lines": [ 69.650037, 70.403868, 70.308771, 70.179852 ] }, { "date": "2026-04-10", "close": 70.404686, "volume": 102418, "typical_volume": 25170.85, "trend": 69.983849, "fair_value": 68.714325, "relative_strength": -6.321984, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.714868, "energy": 17.131536, "activity_lines": [ 69.772601, 70.3667, 70.353359, 70.215553 ] }, { "date": "2026-04-17", "close": 72.043861, "volume": 19951, "typical_volume": 25765.05, "trend": 70.165396, "fair_value": 68.747231, "relative_strength": -4.672184, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 46.643345, "energy": 18.203645, "activity_lines": [ 70.565449, 70.59958, 70.53985, 70.348457 ] }, { "date": "2026-04-24", "close": 71.87944, "volume": 24068, "typical_volume": 26575.3, "trend": 70.328101, "fair_value": 68.778346, "relative_strength": -2.21193, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.69382, "energy": 37.581318, "activity_lines": [ 71.180262, 70.781528, 70.696823, 70.45904 ] }, { "date": "2026-05-01", "close": 71.85453, "volume": 16144, "typical_volume": 27002.2, "trend": 70.458963, "fair_value": 68.815935, "relative_strength": -2.061508, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 58.598654, "energy": 51.757713, "activity_lines": [ 71.589473, 70.95002, 70.837616, 70.557519 ] }, { "date": "2026-05-08", "close": 71.989052, "volume": 18056, "typical_volume": 27256.9, "trend": 70.62763, "fair_value": 68.858103, "relative_strength": -0.58347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.186383, "energy": 63.095799, "activity_lines": [ 71.832941, 71.147318, 70.978928, 70.656235 ] }, { "date": "2026-05-15", "close": 72.910774, "volume": 61301, "typical_volume": 29996.1, "trend": 70.833291, "fair_value": 68.90145, "relative_strength": 1.119819, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": 46.117971, "energy": 62.016214, "activity_lines": [ 72.258427, 71.524613, 71.193669, 70.803534 ] }, { "date": "2026-05-22", "close": 73.790001, "volume": 21285, "typical_volume": 30912.95, "trend": 70.248922, "fair_value": 68.957373, "relative_strength": -0.321967, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.274036, "energy": 76.015972, "activity_lines": [ 72.809917, 72.049991, 71.47118, 70.99429 ] }, { "date": "2026-05-29", "close": 74.620003, "volume": 33231, "typical_volume": 32188.45, "trend": 70.461903, "fair_value": 69.009834, "relative_strength": 1.323052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.257068, "energy": 83.015991, "activity_lines": [ 73.521665, 72.660922, 71.801902, 71.276295 ] }, { "date": "2026-06-05", "close": 75.324997, "volume": 2862, "typical_volume": 31664.4, "trend": 70.726922, "fair_value": 69.061991, "relative_strength": 2.633561, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.313721, "energy": 88.811675, "activity_lines": [ 74.285707, 73.296397, 72.180049, 71.590043 ] }, { "date": "2026-06-12", "close": 75.959999, "volume": 2098, "typical_volume": 31504.55, "trend": 70.98358, "fair_value": 69.106824, "relative_strength": 2.415394, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.489919, "energy": 93.723869, "activity_lines": [ 75.030051, 73.926795, 72.599809, 71.927661 ] }, { "date": "2026-06-19", "close": 76.455002, "volume": 528, "typical_volume": 30763.65, "trend": 71.284731, "fair_value": 69.16469, "relative_strength": 4.094541, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.836492, "energy": 94.069689, "activity_lines": [ 75.674667, 74.540844, 73.039007, 72.280656 ] }, { "date": "2026-06-26", "close": 77.684998, "volume": 8433, "typical_volume": 30581.4, "trend": 71.569772, "fair_value": 69.21754, "relative_strength": 4.243828, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.95407, "energy": 96.429613, "activity_lines": [ 76.492999, 75.268523, 73.559208, 72.693576 ] }, { "date": "2026-07-03", "close": 77.68, "volume": 159, "typical_volume": 30189.9, "trend": 71.859778, "fair_value": 69.270143, "relative_strength": 2.569284, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.82244, "energy": 94.065779, "activity_lines": [ 77.05, 75.892726, 74.04656, 73.087785 ] }, { "date": "2026-07-10", "close": 77.065002, "volume": 15379, "typical_volume": 30712.1, "trend": 72.119517, "fair_value": 69.311218, "relative_strength": 3.496113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.399088, "energy": 88.107435, "activity_lines": [ 77.198, 76.299647, 74.445381, 73.423606 ] }, { "date": "2026-07-17", "close": 76.934998, "volume": 9372, "typical_volume": 26204.95, "trend": 72.384855, "fair_value": 69.344058, "relative_strength": 2.315166, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.87625, "energy": 80.832644, "activity_lines": [ 77.186666, 76.588196, 74.808148, 73.734282 ] }, { "date": "2026-07-24", "close": 77.519997, "volume": 18001, "typical_volume": 26137.4, "trend": 72.685253, "fair_value": 69.380401, "relative_strength": 1.798388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.256015, "energy": 67.930881, "activity_lines": [ 77.305332, 76.893181, 75.206327, 74.065581 ] }, { "date": "2026-07-31", "close": 76.769997, "volume": 15628, "typical_volume": 24641.7, "trend": 72.965452, "fair_value": 69.417374, "relative_strength": -0.383489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.872688, "energy": 61.015598, "activity_lines": [ 77.102998, 76.977999, 75.508045, 74.329113 ] }, { "date": "2026-08-07", "close": 78.635002, "volume": 31693, "typical_volume": 23086.4, "trend": 73.237299, "fair_value": 69.471093, "relative_strength": 1.702026, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.981107, "energy": 66.582425, "activity_lines": [ 77.583332, 77.347727, 75.956074, 74.694891 ] } ], "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." } } }