{ "ticker": { "uuid": "de34647e-b4c9-47cc-a8e2-ca73a6138e1f", "symbol": "WMA", "name": "Wam Alternative Assets Limited", "exchange": "ASX", "country": "AU", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^AXJO", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 93.995, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": 22.247, "architecture_energy": 26.385, "architecture_maturity": 34.757, "architecture_confidence": 51.291, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 52.48, "rotation_up": 46.54, "upward_expansion": 49.01, "deceleration": 33.21, "rotation_down": 22.73, "downward_expansion": 12.01 }, "activity_lines": [ 0.992333, 0.987182, 0.982039, 0.980048 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 0.99, "trend_reference": 0.980722, "distance_from_trend": 0.00946, "trend_direction": "Improving", "fair_value": 0.921465, "distance_from_fair_value": 0.074376, "fair_value_direction": "Weakening", "relative_strength": -3.673613, "relative_strength_direction": "Weakening", "price_momentum": -0.008799, "excess_performance": -0.072504, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.00946, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004365, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.074376, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004835, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.036736, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.059475, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.008799, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.418812, "read": "Demand-led" } ], "volume": { "latest": 767851, "relative_activity": 1.197554, "balance": 1.418812, "dry_up": 1.195662, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.027195, "annualized_volatility": 0.130558, "from_high_reference": -0.027679, "from_low_reference": 0.063477 }, "levels": { "trend_reference": 0.980722, "fair_value_reference": 0.921465, "structural_low": 0.930909, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 23, "median_return": 0.009523, "positive_rate": 0.521739, "directional_follow_through": 0.521739, "median_excess_return": -0.001445, "regime_survival": 0.73913, "best_return": 0.052083, "worst_return": -0.042857, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.005128, "positive_rate": 0.555556, "directional_follow_through": 0.555556, "median_excess_return": 0.018464, "regime_survival": 0.444444, "best_return": 0.056701, "worst_return": -0.013889, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.009336, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.041647, "regime_survival": 0.5, "best_return": 0.060194, "worst_return": -0.019513, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.048942, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.020091, "regime_survival": 0.25, "best_return": 0.097554, "worst_return": -0.027867, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-12-15", "end": "2023-12-22", "tenure": "New", "return": 0.019802, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-12-29", "end": "2024-02-02", "tenure": "Developing", "return": -0.014706, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-02-09", "end": "2024-06-07", "tenure": "Established", "return": -0.008345, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-14", "end": "2024-09-06", "tenure": "Established", "return": 0.041236, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-13", "end": "2024-11-29", "tenure": "Developing", "return": 0.025768, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-01-31", "tenure": "Developing", "return": -0.02985, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-02-07", "end": "2025-02-28", "tenure": "New", "return": 0.015384, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-03-07", "end": "2025-05-23", "tenure": "Developing", "return": 0.022283, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": 0.010257, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-11-07", "tenure": "Established", "return": 0.040457, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-14", "end": "2026-01-02", "tenure": "Developing", "return": 0.051281, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-09", "end": "2026-03-13", "tenure": "Developing", "return": -0.044117, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-20", "end": "2026-04-10", "tenure": "New", "return": -0.005026, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-08-07", "tenure": "Established", "return": 0.015385, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 0.882699, "volume": 664813, "typical_volume": 614930.95, "trend": 0.890238, "fair_value": 0.834164, "relative_strength": -1.010009, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.975312, "energy": 13.693249, "activity_lines": [ 0.884962, 0.880461, 0.87878, 0.883383 ] }, { "date": "2023-08-25", "close": 0.882699, "volume": 424650, "typical_volume": 606433.5, "trend": 0.889804, "fair_value": 0.83561, "relative_strength": -0.557014, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.467386, "energy": 8.224444, "activity_lines": [ 0.883548, 0.882082, 0.878738, 0.882896 ] }, { "date": "2023-09-01", "close": 0.899674, "volume": 644225, "typical_volume": 614293.2, "trend": 0.888554, "fair_value": 0.83714, "relative_strength": -0.819257, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.760131, "energy": 5.540514, "activity_lines": [ 0.887791, 0.886171, 0.880355, 0.883533 ] }, { "date": "2023-09-08", "close": 0.89543, "volume": 701503, "typical_volume": 623887.8, "trend": 0.888129, "fair_value": 0.838499, "relative_strength": 0.43646, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 16.31287, "energy": 21.723951, "activity_lines": [ 0.890903, 0.88864, 0.881608, 0.883977 ] }, { "date": "2023-09-15", "close": 0.899674, "volume": 496048, "typical_volume": 636920.95, "trend": 0.888399, "fair_value": 0.839761, "relative_strength": -0.650105, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.404021, "energy": 32.798522, "activity_lines": [ 0.895147, 0.891264, 0.883325, 0.884722 ] }, { "date": "2023-09-22", "close": 0.903918, "volume": 784019, "typical_volume": 642188.05, "trend": 0.888534, "fair_value": 0.841075, "relative_strength": 2.850117, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.107304, "energy": 41.800323, "activity_lines": [ 0.899108, 0.893964, 0.885528, 0.885723 ] }, { "date": "2023-09-29", "close": 0.899674, "volume": 552803, "typical_volume": 645223.0, "trend": 0.888113, "fair_value": 0.842387, "relative_strength": 2.800198, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.507965, "energy": 40.979758, "activity_lines": [ 0.90024, 0.89543, 0.887266, 0.886441 ] }, { "date": "2023-10-06", "close": 0.930312, "volume": 496489, "typical_volume": 623559.75, "trend": 0.888575, "fair_value": 0.84382, "relative_strength": 7.700997, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.489826, "energy": 66.834479, "activity_lines": [ 0.910453, 0.902158, 0.891881, 0.889164 ] }, { "date": "2023-10-13", "close": 0.921617, "volume": 555757, "typical_volume": 608628.85, "trend": 0.889576, "fair_value": 0.845124, "relative_strength": 5.219289, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.090409, "energy": 64.56684, "activity_lines": [ 0.915724, 0.906825, 0.895503, 0.891296 ] }, { "date": "2023-10-20", "close": 0.921617, "volume": 495344, "typical_volume": 610319.5, "trend": 0.89044, "fair_value": 0.846302, "relative_strength": 7.479652, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.135797, "energy": 64.507243, "activity_lines": [ 0.91925, 0.910939, 0.898979, 0.893363 ] }, { "date": "2023-10-27", "close": 0.886839, "volume": 470934, "typical_volume": 590537.5, "trend": 0.890144, "fair_value": 0.847333, "relative_strength": 4.546125, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 47.720872, "energy": 34.530014, "activity_lines": [ 0.909721, 0.907868, 0.898917, 0.893131 ] }, { "date": "2023-11-03", "close": 0.886839, "volume": 753835, "typical_volume": 596764.65, "trend": 0.889986, "fair_value": 0.848363, "relative_strength": 2.324805, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.042303, "energy": 15.650447, "activity_lines": [ 0.90133, 0.904721, 0.898715, 0.892917 ] }, { "date": "2023-11-10", "close": 0.86945, "volume": 541369, "typical_volume": 577440.1, "trend": 0.888695, "fair_value": 0.849207, "relative_strength": 0.341808, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -14.791352, "energy": 20.363567, "activity_lines": [ 0.887998, 0.898338, 0.896675, 0.891592 ] }, { "date": "2023-11-17", "close": 0.891187, "volume": 621095, "typical_volume": 575538.35, "trend": 0.88813, "fair_value": 0.850141, "relative_strength": 1.759166, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -10.510947, "energy": 22.069451, "activity_lines": [ 0.88597, 0.896456, 0.896626, 0.891753 ] }, { "date": "2023-11-24", "close": 0.86945, "volume": 797718, "typical_volume": 578055.65, "trend": 0.886556, "fair_value": 0.850985, "relative_strength": -0.585562, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -25.241182, "energy": 29.123372, "activity_lines": [ 0.878724, 0.890699, 0.894367, 0.890548 ] }, { "date": "2023-12-01", "close": 0.878145, "volume": 469665, "typical_volume": 572998.25, "trend": 0.886122, "fair_value": 0.85191, "relative_strength": -0.07412, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.967964, "energy": 29.21788, "activity_lines": [ 0.877855, 0.887073, 0.892897, 0.890005 ] }, { "date": "2023-12-08", "close": 0.891187, "volume": 314554, "typical_volume": 567576.25, "trend": 0.886122, "fair_value": 0.852944, "relative_strength": -0.318256, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -12.576764, "energy": 15.300917, "activity_lines": [ 0.881913, 0.886286, 0.892671, 0.890332 ] }, { "date": "2023-12-15", "close": 0.878145, "volume": 638249, "typical_volume": 565359.0, "trend": 0.885545, "fair_value": 0.853844, "relative_strength": -4.973921, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.993581, "energy": 16.2559, "activity_lines": [ 0.881333, 0.883283, 0.891162, 0.889818 ] }, { "date": "2023-12-22", "close": 0.895534, "volume": 792089, "typical_volume": 589410.8, "trend": 0.88569, "fair_value": 0.85483, "relative_strength": -3.727965, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 7.266754, "energy": 5.589732, "activity_lines": [ 0.88597, 0.884389, 0.891432, 0.890462 ] }, { "date": "2023-12-29", "close": 0.886839, "volume": 114277, "typical_volume": 566471.8, "trend": 0.886111, "fair_value": 0.855686, "relative_strength": -5.630425, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.041573, "energy": 5.676729, "activity_lines": [ 0.887419, 0.884389, 0.890853, 0.890536 ] }, { "date": "2024-01-05", "close": 0.878145, "volume": 289680, "typical_volume": 547715.15, "trend": 0.886808, "fair_value": 0.856512, "relative_strength": -5.149381, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -11.794546, "energy": 7.865133, "activity_lines": [ 0.884811, 0.883441, 0.889387, 0.890022 ] }, { "date": "2024-01-12", "close": 0.895534, "volume": 193037, "typical_volume": 536134.5, "trend": 0.888368, "fair_value": 0.857349, "relative_strength": -3.34774, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 4.175399, "energy": 6.242192, "activity_lines": [ 0.887999, 0.885812, 0.889598, 0.890585 ] }, { "date": "2024-01-19", "close": 0.873797, "volume": 405603, "typical_volume": 524203.4, "trend": 0.889061, "fair_value": 0.857922, "relative_strength": -4.661093, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.331378, "energy": 13.591629, "activity_lines": [ 0.883651, 0.884073, 0.887677, 0.889645 ] }, { "date": "2024-01-26", "close": 0.882492, "volume": 387916, "typical_volume": 508524.05, "trend": 0.889762, "fair_value": 0.858552, "relative_strength": -5.382507, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -41.967519, "energy": 24.295117, "activity_lines": [ 0.882492, 0.883836, 0.886708, 0.889221 ] }, { "date": "2024-02-02", "close": 0.873797, "volume": 452977, "typical_volume": 506370.5, "trend": 0.890172, "fair_value": 0.859175, "relative_strength": -7.916172, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -52.341095, "energy": 32.979101, "activity_lines": [ 0.879304, 0.882176, 0.884973, 0.888191 ] }, { "date": "2024-02-09", "close": 0.878145, "volume": 554665, "typical_volume": 494902.8, "trend": 0.890162, "fair_value": 0.859776, "relative_strength": -6.690735, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.336877, "energy": 38.769588, "activity_lines": [ 0.878434, 0.881227, 0.883774, 0.887415 ] }, { "date": "2024-02-16", "close": 0.865103, "volume": 775317, "typical_volume": 506028.5, "trend": 0.889575, "fair_value": 0.860319, "relative_strength": -8.118122, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.969026, "energy": 51.76299, "activity_lines": [ 0.873218, 0.877908, 0.881457, 0.885799 ] }, { "date": "2024-02-23", "close": 0.860756, "volume": 631584, "typical_volume": 512783.25, "trend": 0.888137, "fair_value": 0.860883, "relative_strength": -8.252737, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.802037, "energy": 60.973167, "activity_lines": [ 0.868581, 0.874272, 0.87889, 0.883939 ] }, { "date": "2024-03-01", "close": 0.856408, "volume": 619406, "typical_volume": 515965.7, "trend": 0.886977, "fair_value": 0.86147, "relative_strength": -9.710499, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.456212, "energy": 66.579797, "activity_lines": [ 0.863364, 0.870162, 0.87624, 0.881892 ] }, { "date": "2024-03-08", "close": 0.847714, "volume": 1041997, "typical_volume": 543298.35, "trend": 0.886094, "fair_value": 0.861951, "relative_strength": -11.500683, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.207063, "energy": 75.349571, "activity_lines": [ 0.856988, 0.865182, 0.873073, 0.879359 ] }, { "date": "2024-03-15", "close": 0.843367, "volume": 1705619, "typical_volume": 605032.6, "trend": 0.884783, "fair_value": 0.862478, "relative_strength": -9.677041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.349335, "energy": 77.371084, "activity_lines": [ 0.850902, 0.860123, 0.869844, 0.876603 ] }, { "date": "2024-03-22", "close": 0.878145, "volume": 1351685, "typical_volume": 634925.1, "trend": 0.884631, "fair_value": 0.863179, "relative_strength": -6.934384, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.085811, "energy": 43.304345, "activity_lines": [ 0.858727, 0.86202, 0.870133, 0.876174 ] }, { "date": "2024-03-29", "close": 0.886839, "volume": 929663, "typical_volume": 654339.8, "trend": 0.884203, "fair_value": 0.863985, "relative_strength": -7.33291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.001386, "energy": 17.033964, "activity_lines": [ 0.868581, 0.865814, 0.871293, 0.876317 ] }, { "date": "2024-04-05", "close": 0.86945, "volume": 571654, "typical_volume": 651867.75, "trend": 0.883337, "fair_value": 0.864605, "relative_strength": -7.534359, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.736331, "energy": 18.047486, "activity_lines": [ 0.870899, 0.86621, 0.870713, 0.875365 ] }, { "date": "2024-04-12", "close": 0.873797, "volume": 1131548, "typical_volume": 668559.25, "trend": 0.882475, "fair_value": 0.865153, "relative_strength": -7.083682, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.810444, "energy": 21.748971, "activity_lines": [ 0.873797, 0.867632, 0.870651, 0.874749 ] }, { "date": "2024-04-19", "close": 0.860756, "volume": 662395, "typical_volume": 678195.75, "trend": 0.881036, "fair_value": 0.865692, "relative_strength": -5.647329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.163292, "energy": 19.746093, "activity_lines": [ 0.870609, 0.866684, 0.869326, 0.873348 ] }, { "date": "2024-04-26", "close": 0.86945, "volume": 416039, "typical_volume": 683270.0, "trend": 0.880029, "fair_value": 0.866312, "relative_strength": -4.640589, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.378971, "energy": 13.419472, "activity_lines": [ 0.86916, 0.867632, 0.868912, 0.872601 ] }, { "date": "2024-05-03", "close": 0.856408, "volume": 853113, "typical_volume": 694013.2, "trend": 0.877565, "fair_value": 0.866848, "relative_strength": -6.557908, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.264697, "energy": 25.826552, "activity_lines": [ 0.863943, 0.86613, 0.867359, 0.871077 ] }, { "date": "2024-05-10", "close": 0.860756, "volume": 477291, "typical_volume": 678273.3, "trend": 0.875536, "fair_value": 0.867387, "relative_strength": -7.363949, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.516668, "energy": 27.462906, "activity_lines": [ 0.862205, 0.865498, 0.866324, 0.869992 ] }, { "date": "2024-05-17", "close": 0.870817, "volume": 842147, "typical_volume": 714666.8, "trend": 0.873843, "fair_value": 0.867991, "relative_strength": -6.892754, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.44054, "energy": 17.491422, "activity_lines": [ 0.864399, 0.866616, 0.866413, 0.869688 ] }, { "date": "2024-05-24", "close": 0.861886, "volume": 939946, "typical_volume": 747180.1, "trend": 0.873011, "fair_value": 0.868613, "relative_strength": -6.617132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.073254, "energy": 22.503746, "activity_lines": [ 0.863815, 0.86569, 0.865728, 0.868917 ] }, { "date": "2024-05-31", "close": 0.866352, "volume": 553210, "typical_volume": 765188.75, "trend": 0.872328, "fair_value": 0.869288, "relative_strength": -5.66779, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.90048, "energy": 17.150676, "activity_lines": [ 0.864645, 0.86524, 0.865545, 0.868487 ] }, { "date": "2024-06-07", "close": 0.870817, "volume": 476682, "typical_volume": 768742.7, "trend": 0.872374, "fair_value": 0.870018, "relative_strength": -6.947719, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -25.847627, "energy": 11.063018, "activity_lines": [ 0.867169, 0.865815, 0.865926, 0.868389 ] }, { "date": "2024-06-14", "close": 0.866352, "volume": 738203, "typical_volume": 786257.05, "trend": 0.871546, "fair_value": 0.870593, "relative_strength": -5.724012, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.329438, "energy": 10.429763, "activity_lines": [ 0.867245, 0.86587, 0.865897, 0.868001 ] }, { "date": "2024-06-21", "close": 0.870817, "volume": 841534, "typical_volume": 805684.9, "trend": 0.871592, "fair_value": 0.871196, "relative_strength": -5.981198, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.277499, "energy": 6.75292, "activity_lines": [ 0.868436, 0.866794, 0.866369, 0.867954 ] }, { "date": "2024-06-28", "close": 0.85742, "volume": 719180, "typical_volume": 813910.65, "trend": 0.870901, "fair_value": 0.871714, "relative_strength": -6.949248, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.695913, "energy": 17.066864, "activity_lines": [ 0.865161, 0.865335, 0.86558, 0.86704 ] }, { "date": "2024-07-05", "close": 0.875283, "volume": 1482775, "typical_volume": 849283.55, "trend": 0.870371, "fair_value": 0.872296, "relative_strength": -5.516332, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.529735, "energy": 3.603976, "activity_lines": [ 0.868138, 0.867185, 0.866591, 0.867322 ] }, { "date": "2024-07-12", "close": 0.879749, "volume": 1283529, "typical_volume": 881880.8, "trend": 0.870424, "fair_value": 0.872806, "relative_strength": -6.520784, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 26.293592, "energy": 19.294676, "activity_lines": [ 0.872008, 0.869741, 0.867978, 0.867927 ] }, { "date": "2024-07-19", "close": 0.875283, "volume": 953174, "typical_volume": 898569.2, "trend": 0.869749, "fair_value": 0.873162, "relative_strength": -6.974106, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.509881, "energy": 21.731364, "activity_lines": [ 0.873794, 0.871061, 0.86885, 0.868241 ] }, { "date": "2024-07-26", "close": 0.875283, "volume": 1100163, "typical_volume": 901477.5, "trend": 0.869364, "fair_value": 0.873442, "relative_strength": -6.206211, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.78111, "energy": 28.867496, "activity_lines": [ 0.874985, 0.872116, 0.869632, 0.868598 ] }, { "date": "2024-08-02", "close": 0.866352, "volume": 1327649, "typical_volume": 882579.0, "trend": 0.868971, "fair_value": 0.873715, "relative_strength": -7.228538, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.611966, "energy": 19.389431, "activity_lines": [ 0.872901, 0.871467, 0.869432, 0.868403 ] }, { "date": "2024-08-09", "close": 0.85742, "volume": 1150883, "typical_volume": 872538.9, "trend": 0.8677, "fair_value": 0.874007, "relative_strength": -6.0952, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -10.386076, "energy": 6.736206, "activity_lines": [ 0.867245, 0.869112, 0.868272, 0.867658 ] }, { "date": "2024-08-16", "close": 0.861886, "volume": 658431, "typical_volume": 858977.3, "trend": 0.867303, "fair_value": 0.874327, "relative_strength": -7.663986, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.074788, "energy": 11.169046, "activity_lines": [ 0.864268, 0.867732, 0.867636, 0.867283 ] }, { "date": "2024-08-23", "close": 0.866352, "volume": 674703, "typical_volume": 864129.75, "trend": 0.866765, "fair_value": 0.8747, "relative_strength": -7.552048, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -7.034877, "energy": 12.403392, "activity_lines": [ 0.86397, 0.867326, 0.867544, 0.867222 ] }, { "date": "2024-08-30", "close": 0.88868, "volume": 1360304, "typical_volume": 875567.55, "trend": 0.867261, "fair_value": 0.875217, "relative_strength": -5.752388, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.07927, "energy": 21.217831, "activity_lines": [ 0.871711, 0.87098, 0.869593, 0.868636 ] }, { "date": "2024-09-06", "close": 0.902077, "volume": 1794193, "typical_volume": 932157.45, "trend": 0.868059, "fair_value": 0.875795, "relative_strength": -3.193964, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.533054, "energy": 53.325496, "activity_lines": [ 0.883024, 0.876745, 0.872848, 0.870882 ] }, { "date": "2024-09-13", "close": 0.915475, "volume": 1670031, "typical_volume": 994857.05, "trend": 0.869738, "fair_value": 0.876434, "relative_strength": -2.635038, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.809633, "energy": 71.52272, "activity_lines": [ 0.896421, 0.884133, 0.877181, 0.873941 ] }, { "date": "2024-09-20", "close": 0.915475, "volume": 1228868, "typical_volume": 1013644.8, "trend": 0.871562, "fair_value": 0.877047, "relative_strength": -3.673823, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.274201, "energy": 76.961128, "activity_lines": [ 0.905948, 0.890791, 0.881296, 0.876892 ] }, { "date": "2024-09-27", "close": 0.911009, "volume": 920754, "typical_volume": 1035817.95, "trend": 0.873382, "fair_value": 0.877682, "relative_strength": -3.908601, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.00106, "energy": 75.419105, "activity_lines": [ 0.910414, 0.895988, 0.884704, 0.879437 ] }, { "date": "2024-10-04", "close": 0.937803, "volume": 1886079, "typical_volume": 1088014.55, "trend": 0.876385, "fair_value": 0.878413, "relative_strength": -0.015889, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.69889, "energy": 77.353287, "activity_lines": [ 0.920834, 0.905406, 0.890424, 0.883593 ] }, { "date": "2024-10-11", "close": 0.915475, "volume": 702549, "typical_volume": 1076144.7, "trend": 0.878789, "fair_value": 0.879001, "relative_strength": -2.850098, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.834078, "energy": 54.282639, "activity_lines": [ 0.920536, 0.909629, 0.893699, 0.886115 ] }, { "date": "2024-10-18", "close": 0.939065, "volume": 590907, "typical_volume": 1078029.55, "trend": 0.880819, "fair_value": 0.879689, "relative_strength": -0.837719, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.824434, "energy": 51.439491, "activity_lines": [ 0.927208, 0.917247, 0.898965, 0.890003 ] }, { "date": "2024-10-25", "close": 0.939065, "volume": 441704, "typical_volume": 1076280.65, "trend": 0.88256, "fair_value": 0.880429, "relative_strength": 0.292751, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.751648, "energy": 51.560882, "activity_lines": [ 0.932308, 0.923381, 0.903885, 0.893761 ] }, { "date": "2024-11-01", "close": 0.939065, "volume": 453006, "typical_volume": 1062020.8, "trend": 0.884881, "fair_value": 0.881142, "relative_strength": 1.631183, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.074706, "energy": 48.268229, "activity_lines": [ 0.935836, 0.928111, 0.908481, 0.897407 ] }, { "date": "2024-11-08", "close": 0.925322, "volume": 476995, "typical_volume": 1043793.85, "trend": 0.886598, "fair_value": 0.881768, "relative_strength": -1.767542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.9548, "energy": 43.851932, "activity_lines": [ 0.932911, 0.929021, 0.911421, 0.900016 ] }, { "date": "2024-11-15", "close": 0.925322, "volume": 251446, "typical_volume": 1020407.15, "trend": 0.888751, "fair_value": 0.882419, "relative_strength": -1.404114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.676813, "energy": 36.866749, "activity_lines": [ 0.930819, 0.929264, 0.914101, 0.902514 ] }, { "date": "2024-11-22", "close": 0.925322, "volume": 411602, "typical_volume": 966848.5, "trend": 0.890613, "fair_value": 0.883019, "relative_strength": -2.460365, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.87869, "energy": 28.085531, "activity_lines": [ 0.928071, 0.929085, 0.916458, 0.904874 ] }, { "date": "2024-11-29", "close": 0.939065, "volume": 424260, "typical_volume": 923885.05, "trend": 0.893368, "fair_value": 0.883784, "relative_strength": -1.293603, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.940238, "energy": 29.378054, "activity_lines": [ 0.930819, 0.931225, 0.919886, 0.908 ] }, { "date": "2024-12-06", "close": 0.920741, "volume": 597304, "typical_volume": 906091.55, "trend": 0.895368, "fair_value": 0.884355, "relative_strength": -2.803098, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.182468, "energy": 24.035959, "activity_lines": [ 0.92746, 0.929605, 0.921286, 0.909766 ] }, { "date": "2024-12-13", "close": 0.934484, "volume": 588614, "typical_volume": 880514.1, "trend": 0.89749, "fair_value": 0.885039, "relative_strength": 0.224427, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.971938, "energy": 26.03831, "activity_lines": [ 0.929903, 0.930307, 0.923779, 0.912289 ] }, { "date": "2024-12-20", "close": 0.897837, "volume": 927869, "typical_volume": 860525.1, "trend": 0.898688, "fair_value": 0.885489, "relative_strength": -0.835355, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.809914, "energy": 10.614332, "activity_lines": [ 0.91952, 0.924406, 0.922499, 0.912312 ] }, { "date": "2024-12-27", "close": 0.906999, "volume": 427143, "typical_volume": 824338.1, "trend": 0.900043, "fair_value": 0.885997, "relative_strength": -2.067153, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.04416, "energy": 11.370416, "activity_lines": [ 0.914023, 0.920491, 0.921942, 0.912848 ] }, { "date": "2025-01-03", "close": 0.925322, "volume": 81259, "typical_volume": 795479.5, "trend": 0.90186, "fair_value": 0.886597, "relative_strength": 0.135764, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.240696, "energy": 13.756757, "activity_lines": [ 0.915855, 0.920491, 0.922894, 0.914479 ] }, { "date": "2025-01-10", "close": 0.906999, "volume": 347706, "typical_volume": 779129.65, "trend": 0.903215, "fair_value": 0.887054, "relative_strength": -2.193835, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.988963, "energy": 13.524555, "activity_lines": [ 0.912496, 0.91741, 0.921799, 0.91481 ] }, { "date": "2025-01-17", "close": 0.918451, "volume": 301681, "typical_volume": 726198.5, "trend": 0.904803, "fair_value": 0.887559, "relative_strength": -1.030187, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.692951, "energy": 10.505294, "activity_lines": [ 0.91387, 0.916993, 0.921601, 0.915793 ] }, { "date": "2025-01-24", "close": 0.902418, "volume": 551385, "typical_volume": 664058.1, "trend": 0.906303, "fair_value": 0.888089, "relative_strength": -3.739684, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 0.80553, "energy": 8.734404, "activity_lines": [ 0.910969, 0.913787, 0.919734, 0.915639 ] }, { "date": "2025-01-31", "close": 0.893257, "volume": 624431, "typical_volume": 611778.1, "trend": 0.906902, "fair_value": 0.888406, "relative_strength": -5.952202, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -24.584585, "energy": 28.054574, "activity_lines": [ 0.904709, 0.909331, 0.916993, 0.914798 ] }, { "date": "2025-02-07", "close": 0.893257, "volume": 623730, "typical_volume": 581521.2, "trend": 0.907352, "fair_value": 0.888493, "relative_strength": -5.559425, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.861566, "energy": 31.417912, "activity_lines": [ 0.899365, 0.905458, 0.914358, 0.913917 ] }, { "date": "2025-02-14", "close": 0.893257, "volume": 801720, "typical_volume": 575569.5, "trend": 0.907951, "fair_value": 0.888606, "relative_strength": -5.91015, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.535289, "energy": 42.232844, "activity_lines": [ 0.896158, 0.902418, 0.911829, 0.913008 ] }, { "date": "2025-02-21", "close": 0.888676, "volume": 727442, "typical_volume": 517637.65, "trend": 0.908398, "fair_value": 0.888868, "relative_strength": -3.371592, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.09058, "energy": 45.548234, "activity_lines": [ 0.892341, 0.899045, 0.908948, 0.911764 ] }, { "date": "2025-02-28", "close": 0.906999, "volume": 423702, "typical_volume": 503695.3, "trend": 0.909752, "fair_value": 0.889197, "relative_strength": 0.10746, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.970901, "energy": 26.595098, "activity_lines": [ 0.896616, 0.899836, 0.908046, 0.911674 ] }, { "date": "2025-03-07", "close": 0.884095, "volume": 591273, "typical_volume": 503713.6, "trend": 0.910642, "fair_value": 0.889328, "relative_strength": 0.276288, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.546335, "energy": 38.543116, "activity_lines": [ 0.892951, 0.896297, 0.905003, 0.910019 ] }, { "date": "2025-03-14", "close": 0.888676, "volume": 630619, "typical_volume": 513159.35, "trend": 0.911535, "fair_value": 0.889334, "relative_strength": 2.773202, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.948766, "energy": 33.655575, "activity_lines": [ 0.891424, 0.894006, 0.902658, 0.908602 ] }, { "date": "2025-03-21", "close": 0.888676, "volume": 562877, "typical_volume": 518652.9, "trend": 0.912279, "fair_value": 0.889391, "relative_strength": 0.956432, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.031025, "energy": 32.964206, "activity_lines": [ 0.890203, 0.892382, 0.900553, 0.907127 ] }, { "date": "2025-03-28", "close": 0.888676, "volume": 1004491, "typical_volume": 545027.7, "trend": 0.912279, "fair_value": 0.889244, "relative_strength": 0.330729, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.155065, "energy": 45.128002, "activity_lines": [ 0.889287, 0.891091, 0.898688, 0.905604 ] }, { "date": "2025-04-04", "close": 0.884095, "volume": 685232, "typical_volume": 566717.0, "trend": 0.911679, "fair_value": 0.889119, "relative_strength": 3.84149, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.263027, "energy": 43.889983, "activity_lines": [ 0.886844, 0.889509, 0.896561, 0.903786 ] }, { "date": "2025-04-11", "close": 0.842868, "volume": 2533326, "typical_volume": 672803.2, "trend": 0.909259, "fair_value": 0.888652, "relative_strength": -0.691229, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.521128, "energy": 65.380175, "activity_lines": [ 0.872185, 0.880764, 0.890705, 0.899346 ] }, { "date": "2025-04-18", "close": 0.852029, "volume": 531809, "typical_volume": 678180.65, "trend": 0.907144, "fair_value": 0.888217, "relative_strength": -1.746487, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.156159, "energy": 69.062515, "activity_lines": [ 0.863329, 0.8746, 0.886113, 0.895654 ] }, { "date": "2025-04-25", "close": 0.888676, "volume": 846807, "typical_volume": 690655.8, "trend": 0.9064, "fair_value": 0.888096, "relative_strength": 0.618437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.699912, "energy": 47.702772, "activity_lines": [ 0.869131, 0.87585, 0.885426, 0.894463 ] }, { "date": "2025-05-02", "close": 0.897837, "volume": 804391, "typical_volume": 701444.65, "trend": 0.905068, "fair_value": 0.887955, "relative_strength": -1.617807, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.209933, "energy": 31.944207, "activity_lines": [ 0.877987, 0.878848, 0.885764, 0.89391 ] }, { "date": "2025-05-09", "close": 0.916161, "volume": 1210150, "typical_volume": 715558.7, "trend": 0.90509, "fair_value": 0.88814, "relative_strength": 0.469108, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.459446, "energy": 11.491079, "activity_lines": [ 0.89234, 0.885011, 0.888021, 0.894626 ] }, { "date": "2025-05-16", "close": 0.903795, "volume": 1448155, "typical_volume": 766609.3, "trend": 0.903915, "fair_value": 0.888141, "relative_strength": -2.170419, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.053499, "energy": 21.436188, "activity_lines": [ 0.900434, 0.88876, 0.889014, 0.894542 ] }, { "date": "2025-05-23", "close": 0.903795, "volume": 551683, "typical_volume": 790130.5, "trend": 0.902739, "fair_value": 0.888221, "relative_strength": -2.313385, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 12.485491, "energy": 21.627523, "activity_lines": [ 0.904466, 0.89215, 0.890022, 0.894535 ] }, { "date": "2025-05-30", "close": 0.917917, "volume": 903943, "typical_volume": 817942.35, "trend": 0.902034, "fair_value": 0.888339, "relative_strength": -1.592449, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.587804, "energy": 26.733616, "activity_lines": [ 0.909754, 0.897833, 0.892478, 0.895514 ] }, { "date": "2025-06-06", "close": 0.932039, "volume": 584989, "typical_volume": 832107.75, "trend": 0.902258, "fair_value": 0.888783, "relative_strength": -1.00581, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.442505, "energy": 43.285894, "activity_lines": [ 0.9178, 0.905552, 0.896226, 0.89745 ] }, { "date": "2025-06-13", "close": 0.922624, "volume": 883846, "typical_volume": 848730.8, "trend": 0.902168, "fair_value": 0.889427, "relative_strength": -2.297569, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.866882, "energy": 41.212744, "activity_lines": [ 0.920427, 0.91077, 0.899013, 0.898764 ] }, { "date": "2025-06-20", "close": 0.903795, "volume": 909467, "typical_volume": 862982.6, "trend": 0.901451, "fair_value": 0.889898, "relative_strength": -3.728836, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.489084, "energy": 26.101566, "activity_lines": [ 0.916348, 0.911865, 0.899911, 0.898869 ] }, { "date": "2025-06-27", "close": 0.908503, "volume": 1207963, "typical_volume": 892194.25, "trend": 0.900432, "fair_value": 0.890426, "relative_strength": -3.26419, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.844863, "energy": 18.779385, "activity_lines": [ 0.913837, 0.912708, 0.901207, 0.899324 ] }, { "date": "2025-07-04", "close": 0.927332, "volume": 715882, "typical_volume": 887902.35, "trend": 0.900652, "fair_value": 0.890943, "relative_strength": -2.208535, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 57.375133, "energy": 28.979496, "activity_lines": [ 0.91729, 0.915948, 0.904223, 0.901059 ] }, { "date": "2025-07-11", "close": 0.927332, "volume": 1237318, "typical_volume": 913396.15, "trend": 0.900413, "fair_value": 0.89133, "relative_strength": -1.905572, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.750564, "energy": 29.543618, "activity_lines": [ 0.920114, 0.918484, 0.907077, 0.90278 ] }, { "date": "2025-07-18", "close": 0.936746, "volume": 932172, "typical_volume": 938819.65, "trend": 0.90171, "fair_value": 0.891674, "relative_strength": -2.865686, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.62185, "energy": 42.327558, "activity_lines": [ 0.92639, 0.922196, 0.910644, 0.905124 ] }, { "date": "2025-07-25", "close": 0.936746, "volume": 1086350, "typical_volume": 963573.5, "trend": 0.902702, "fair_value": 0.891991, "relative_strength": -1.812256, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.755809, "energy": 55.169697, "activity_lines": [ 0.931725, 0.925534, 0.914069, 0.907385 ] }, { "date": "2025-08-01", "close": 0.950868, "volume": 1172512, "typical_volume": 990668.15, "trend": 0.903553, "fair_value": 0.892294, "relative_strength": -0.287935, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.541149, "energy": 62.827966, "activity_lines": [ 0.939571, 0.930841, 0.918588, 0.910492 ] }, { "date": "2025-08-08", "close": 0.955575, "volume": 864648, "typical_volume": 1005756.7, "trend": 0.905172, "fair_value": 0.89268, "relative_strength": -1.415288, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.527866, "energy": 65.670909, "activity_lines": [ 0.946161, 0.936147, 0.923259, 0.913849 ] }, { "date": "2025-08-15", "close": 0.941453, "volume": 1042539, "typical_volume": 1007659.1, "trend": 0.905939, "fair_value": 0.892975, "relative_strength": -4.254243, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.747862, "energy": 56.956301, "activity_lines": [ 0.94616, 0.938201, 0.926267, 0.916189 ] }, { "date": "2025-08-22", "close": 0.946161, "volume": 937745, "typical_volume": 1020284.75, "trend": 0.907397, "fair_value": 0.893405, "relative_strength": -4.043215, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.87357, "energy": 48.482562, "activity_lines": [ 0.946788, 0.94094, 0.929472, 0.918784 ] }, { "date": "2025-08-29", "close": 0.969697, "volume": 632717, "typical_volume": 925254.3, "trend": 0.909945, "fair_value": 0.893933, "relative_strength": -1.68853, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.119245, "energy": 54.605592, "activity_lines": [ 0.954634, 0.94753, 0.934623, 0.922804 ] }, { "date": "2025-09-05", "close": 0.96499, "volume": 851058, "typical_volume": 941216.75, "trend": 0.912336, "fair_value": 0.894457, "relative_strength": -0.976252, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.868584, "energy": 47.525494, "activity_lines": [ 0.958713, 0.952066, 0.938722, 0.926355 ] }, { "date": "2025-09-12", "close": 0.979111, "volume": 1184888, "typical_volume": 958120.8, "trend": 0.915198, "fair_value": 0.89502, "relative_strength": 0.589538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.662091, "energy": 60.914637, "activity_lines": [ 0.966559, 0.958143, 0.943627, 0.930663 ] }, { "date": "2025-09-19", "close": 0.979111, "volume": 1580289, "typical_volume": 996915.7, "trend": 0.918213, "fair_value": 0.895739, "relative_strength": 1.635952, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.52848, "energy": 68.400866, "activity_lines": [ 0.972835, 0.963278, 0.948102, 0.934786 ] }, { "date": "2025-09-26", "close": 0.974404, "volume": 1060658, "typical_volume": 989441.1, "trend": 0.920459, "fair_value": 0.896324, "relative_strength": 0.984799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.367748, "energy": 60.617513, "activity_lines": [ 0.975032, 0.966616, 0.951742, 0.938412 ] }, { "date": "2025-10-03", "close": 0.983819, "volume": 764021, "typical_volume": 955234.4, "trend": 0.923784, "fair_value": 0.896942, "relative_strength": -0.207119, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.505417, "energy": 66.520012, "activity_lines": [ 0.978484, 0.970981, 0.956001, 0.942499 ] }, { "date": "2025-10-10", "close": 0.988526, "volume": 892988, "typical_volume": 972299.65, "trend": 0.927112, "fair_value": 0.897644, "relative_strength": 0.615436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.232198, "energy": 69.512318, "activity_lines": [ 0.982563, 0.975346, 0.960327, 0.946676 ] }, { "date": "2025-10-17", "close": 0.979111, "volume": 1289005, "typical_volume": 991552.75, "trend": 0.930126, "fair_value": 0.898285, "relative_strength": -0.673997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.285295, "energy": 53.77443, "activity_lines": [ 0.981936, 0.977314, 0.963353, 0.950031 ] }, { "date": "2025-10-24", "close": 0.979394, "volume": 901193, "typical_volume": 1007362.95, "trend": 0.93315, "fair_value": 0.898901, "relative_strength": -0.805929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.141893, "energy": 45.081502, "activity_lines": [ 0.981402, 0.978906, 0.966115, 0.95321 ] }, { "date": "2025-10-31", "close": 0.979394, "volume": 811427, "typical_volume": 1003742.0, "trend": 0.936327, "fair_value": 0.899437, "relative_strength": 0.820798, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.985418, "energy": 40.367619, "activity_lines": [ 0.98085, 0.979808, 0.968651, 0.956193 ] }, { "date": "2025-11-07", "close": 0.964849, "volume": 647429, "typical_volume": 990640.1, "trend": 0.940393, "fair_value": 0.899907, "relative_strength": 0.621323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 41.028735, "energy": 27.484984, "activity_lines": [ 0.975117, 0.977461, 0.969532, 0.958033 ] }, { "date": "2025-11-14", "close": 0.945455, "volume": 707597, "typical_volume": 965621.8, "trend": 0.943507, "fair_value": 0.900252, "relative_strength": 0.181175, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 15.69312, "energy": 14.393374, "activity_lines": [ 0.964183, 0.971677, 0.968274, 0.95836 ] }, { "date": "2025-11-21", "close": 0.950303, "volume": 741527, "typical_volume": 966904.05, "trend": 0.945561, "fair_value": 0.900549, "relative_strength": 3.254501, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 2.416258, "energy": 13.974072, "activity_lines": [ 0.957738, 0.967129, 0.967303, 0.958798 ] }, { "date": "2025-11-28", "close": 0.974545, "volume": 1265912, "typical_volume": 968333.75, "trend": 0.948118, "fair_value": 0.901054, "relative_strength": 3.426409, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.681244, "energy": 18.701939, "activity_lines": [ 0.961293, 0.967512, 0.968531, 0.960668 ] }, { "date": "2025-12-05", "close": 0.96, "volume": 447010, "typical_volume": 944075.65, "trend": 0.94958, "fair_value": 0.901519, "relative_strength": 1.608012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.248432, "energy": 14.931211, "activity_lines": [ 0.960323, 0.965334, 0.968148, 0.961435 ] }, { "date": "2025-12-12", "close": 0.974545, "volume": 592687, "typical_volume": 919392.5, "trend": 0.951938, "fair_value": 0.902131, "relative_strength": 2.414515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.870781, "energy": 10.922673, "activity_lines": [ 0.965495, 0.966062, 0.969041, 0.963045 ] }, { "date": "2025-12-19", "close": 0.969697, "volume": 1262456, "typical_volume": 923889.7, "trend": 0.954135, "fair_value": 0.902525, "relative_strength": 2.78089, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.525719, "energy": 18.27947, "activity_lines": [ 0.968404, 0.966077, 0.969291, 0.964191 ] }, { "date": "2025-12-26", "close": 0.969697, "volume": 397714, "typical_volume": 900543.0, "trend": 0.955861, "fair_value": 0.903, "relative_strength": 1.107904, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.293776, "energy": 17.293152, "activity_lines": [ 0.969697, 0.966435, 0.969452, 0.965195 ] }, { "date": "2026-01-02", "close": 0.993939, "volume": 274182, "typical_volume": 862125.15, "trend": 0.957924, "fair_value": 0.903603, "relative_strength": 4.01838, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 55.478557, "energy": 35.389358, "activity_lines": [ 0.977778, 0.971372, 0.971855, 0.967652 ] }, { "date": "2026-01-09", "close": 0.989091, "volume": 647879, "typical_volume": 847631.85, "trend": 0.96014, "fair_value": 0.904201, "relative_strength": 3.55515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.787985, "energy": 45.987137, "activity_lines": [ 0.982949, 0.975162, 0.973546, 0.969662 ] }, { "date": "2026-01-16", "close": 0.998788, "volume": 585244, "typical_volume": 845258.2, "trend": 0.963306, "fair_value": 0.904809, "relative_strength": 2.355021, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.850057, "energy": 58.821242, "activity_lines": [ 0.989414, 0.98054, 0.975956, 0.972156 ] }, { "date": "2026-01-23", "close": 0.998788, "volume": 798440, "typical_volume": 842627.3, "trend": 0.966316, "fair_value": 0.905469, "relative_strength": 2.763437, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.102786, "energy": 63.955312, "activity_lines": [ 0.994263, 0.9853, 0.978227, 0.974445 ] }, { "date": "2026-01-30", "close": 0.998788, "volume": 415297, "typical_volume": 804147.75, "trend": 0.968697, "fair_value": 0.905864, "relative_strength": 2.516763, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.294885, "energy": 59.796511, "activity_lines": [ 0.997172, 0.989091, 0.980337, 0.97654 ] }, { "date": "2026-02-06", "close": 0.998788, "volume": 524018, "typical_volume": 751334.2, "trend": 0.971079, "fair_value": 0.906445, "relative_strength": 4.226054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.603686, "energy": 53.258822, "activity_lines": [ 0.998142, 0.992, 0.982354, 0.978481 ] }, { "date": "2026-02-13", "close": 0.989091, "volume": 820348, "typical_volume": 739318.7, "trend": 0.972824, "fair_value": 0.90707, "relative_strength": 0.682891, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.923685, "energy": 35.629085, "activity_lines": [ 0.995556, 0.992705, 0.983354, 0.979643 ] }, { "date": "2026-02-20", "close": 0.998788, "volume": 456931, "typical_volume": 723964.2, "trend": 0.974892, "fair_value": 0.907704, "relative_strength": -0.213712, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.651695, "energy": 33.99677, "activity_lines": [ 0.996202, 0.994645, 0.985207, 0.981319 ] }, { "date": "2026-02-27", "close": 0.984242, "volume": 676253, "typical_volume": 713127.45, "trend": 0.976005, "fair_value": 0.908166, "relative_strength": -2.852293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 40.712355, "energy": 22.248647, "activity_lines": [ 0.992, 0.993499, 0.985603, 0.981922 ] }, { "date": "2026-03-06", "close": 0.96, "volume": 907249, "typical_volume": 694039.65, "trend": 0.976152, "fair_value": 0.908445, "relative_strength": -1.476156, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 10.255605, "energy": 11.790701, "activity_lines": [ 0.980687, 0.98768, 0.983711, 0.980889 ] }, { "date": "2026-03-13", "close": 0.945455, "volume": 1033003, "typical_volume": 700630.15, "trend": 0.976286, "fair_value": 0.90879, "relative_strength": -0.259054, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -29.014807, "energy": 27.633645, "activity_lines": [ 0.967111, 0.979394, 0.980525, 0.978909 ] }, { "date": "2026-03-20", "close": 0.964849, "volume": 692185, "typical_volume": 694668.05, "trend": 0.976909, "fair_value": 0.909233, "relative_strength": 4.021626, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.250279, "energy": 26.861624, "activity_lines": [ 0.963556, 0.975515, 0.979348, 0.978171 ] }, { "date": "2026-03-27", "close": 0.96, "volume": 1466056, "typical_volume": 735599.4, "trend": 0.976585, "fair_value": 0.909645, "relative_strength": 2.40573, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -17.731978, "energy": 34.490547, "activity_lines": [ 0.96, 0.971196, 0.977778, 0.97708 ] }, { "date": "2026-04-03", "close": 0.989091, "volume": 710323, "typical_volume": 735735.7, "trend": 0.977389, "fair_value": 0.91027, "relative_strength": 4.731983, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -3.199241, "energy": 16.579768, "activity_lines": [ 0.968727, 0.972871, 0.979002, 0.977887 ] }, { "date": "2026-04-10", "close": 0.96, "volume": 614868, "typical_volume": 729402.75, "trend": 0.976752, "fair_value": 0.910603, "relative_strength": -2.619053, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.829415, "energy": 12.624268, "activity_lines": [ 0.967434, 0.969433, 0.977247, 0.976765 ] }, { "date": "2026-04-17", "close": 0.975, "volume": 777295, "typical_volume": 704971.9, "trend": 0.976615, "fair_value": 0.911031, "relative_strength": -0.946188, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 2.228492, "energy": 3.592372, "activity_lines": [ 0.971141, 0.969427, 0.976875, 0.976652 ] }, { "date": "2026-04-24", "close": 0.985, "volume": 593016, "typical_volume": 712272.2, "trend": 0.976968, "fair_value": 0.911469, "relative_strength": 1.886296, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 15.167139, "energy": 11.325259, "activity_lines": [ 0.976212, 0.971672, 0.977452, 0.977193 ] }, { "date": "2026-05-01", "close": 0.99, "volume": 549219, "typical_volume": 710098.8, "trend": 0.977174, "fair_value": 0.912103, "relative_strength": 2.989082, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 19.032486, "energy": 12.432713, "activity_lines": [ 0.981606, 0.974901, 0.978388, 0.978034 ] }, { "date": "2026-05-08", "close": 0.985, "volume": 802934, "typical_volume": 687122.7, "trend": 0.977056, "fair_value": 0.912704, "relative_strength": 2.273907, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.608406, "energy": 21.291884, "activity_lines": [ 0.983333, 0.97738, 0.978773, 0.978539 ] }, { "date": "2026-05-15", "close": 0.99, "volume": 891087, "typical_volume": 711791.35, "trend": 0.977419, "fair_value": 0.91331, "relative_strength": 4.030075, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 48.684179, "energy": 27.075624, "activity_lines": [ 0.987, 0.980755, 0.979561, 0.979374 ] }, { "date": "2026-05-22", "close": 0.965, "volume": 573627, "typical_volume": 726763.6, "trend": 0.976939, "fair_value": 0.913783, "relative_strength": 1.036726, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 23.864229, "energy": 12.184244, "activity_lines": [ 0.980333, 0.979039, 0.977872, 0.978573 ] }, { "date": "2026-05-29", "close": 0.965, "volume": 1253634, "typical_volume": 757051.35, "trend": 0.97646, "fair_value": 0.914365, "relative_strength": 0.142841, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -5.775645, "energy": 4.70205, "activity_lines": [ 0.974333, 0.976967, 0.976321, 0.977802 ] }, { "date": "2026-06-05", "close": 0.955, "volume": 321711, "typical_volume": 743874.7, "trend": 0.976131, "fair_value": 0.914992, "relative_strength": 0.307699, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.24624, "energy": 23.790449, "activity_lines": [ 0.966333, 0.973074, 0.973932, 0.976418 ] }, { "date": "2026-06-12", "close": 0.99, "volume": 284618, "typical_volume": 718183.6, "trend": 0.977616, "fair_value": 0.915898, "relative_strength": 1.790985, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -21.661834, "energy": 15.407417, "activity_lines": [ 0.972333, 0.975636, 0.975085, 0.977313 ] }, { "date": "2026-06-19", "close": 0.965, "volume": 60904, "typical_volume": 700463.95, "trend": 0.978106, "fair_value": 0.916616, "relative_strength": -1.109462, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.32102, "energy": 30.599737, "activity_lines": [ 0.969667, 0.973636, 0.973899, 0.976499 ] }, { "date": "2026-06-26", "close": 0.97, "volume": 50951, "typical_volume": 676810.6, "trend": 0.977955, "fair_value": 0.917311, "relative_strength": 0.065306, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -45.530347, "energy": 25.646131, "activity_lines": [ 0.970333, 0.972455, 0.97335, 0.975976 ] }, { "date": "2026-07-03", "close": 0.975, "volume": 71093, "typical_volume": 639347.85, "trend": 0.978455, "fair_value": 0.918039, "relative_strength": -0.37335, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -32.072515, "energy": 13.702868, "activity_lines": [ 0.972333, 0.972273, 0.973414, 0.975785 ] }, { "date": "2026-07-10", "close": 1.005, "volume": 735764, "typical_volume": 653289.5, "trend": 0.97947, "fair_value": 0.91885, "relative_strength": 3.03161, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 21.990775, "energy": 20.678363, "activity_lines": [ 0.983667, 0.977727, 0.976403, 0.977498 ] }, { "date": "2026-07-17", "close": 0.98, "volume": 779742, "typical_volume": 658463.95, "trend": 0.979813, "fair_value": 0.919474, "relative_strength": 0.497439, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.76916, "energy": 11.893946, "activity_lines": [ 0.983333, 0.978364, 0.976981, 0.977532 ] }, { "date": "2026-07-24", "close": 0.99, "volume": 671348, "typical_volume": 646668.9, "trend": 0.98049, "fair_value": 0.920026, "relative_strength": 1.721102, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 20.034901, "energy": 24.866582, "activity_lines": [ 0.987, 0.980909, 0.978531, 0.978189 ] }, { "date": "2026-07-31", "close": 1.0, "volume": 847610, "typical_volume": 637399.25, "trend": 0.980692, "fair_value": 0.920723, "relative_strength": 0.379628, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 29.962227, "energy": 39.443674, "activity_lines": [ 0.992333, 0.985273, 0.980891, 0.979448 ] }, { "date": "2026-08-07", "close": 0.99, "volume": 767851, "typical_volume": 641182.55, "trend": 0.980722, "fair_value": 0.921465, "relative_strength": -3.673613, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 22.247168, "energy": 26.385071, "activity_lines": [ 0.992333, 0.987182, 0.982039, 0.980048 ] } ], "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." } } }