{ "ticker": { "uuid": "e341a153-b3ff-4aff-af5d-eb30b5cfc61d", "symbol": "SCO", "name": "PROSHARES TRUST II ULTRASHORT BLOOMBERG CRUDE OIL 2026 (R/S", "exchange": "NYSEARCA", "country": "US", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "SPY", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -47.189, "architecture_energy": 43.811, "architecture_maturity": 31.177, "architecture_confidence": 64.836, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 29.91, "rotation_up": 10.84, "upward_expansion": 11.07, "deceleration": 62.39, "rotation_down": 63.56, "downward_expansion": 70.07 }, "activity_lines": [ 28.032, 29.688, 29.350667, 31.729032 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 29.41, "trend_reference": 38.178, "distance_from_trend": -0.229661, "trend_direction": "Weakening", "fair_value": 65.305256, "distance_from_fair_value": -0.549653, "fair_value_direction": "Improving", "relative_strength": -51.477876, "relative_strength_direction": "Improving", "price_momentum": -0.536704, "excess_performance": -0.662329, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.229661, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.288489, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.549653, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.060043, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.514779, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.102216, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.536704, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.80948, "read": "Demand-led" } ], "volume": { "latest": 21537482, "relative_activity": 0.146065, "balance": 1.80948, "dry_up": 0.153071, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.135254, "annualized_volatility": 0.744477, "from_high_reference": -0.650464, "from_low_reference": 0.287653 }, "levels": { "trend_reference": 38.178, "fair_value_reference": 65.305256, "structural_low": 22.84, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 33, "median_return": -0.032384, "positive_rate": 0.393939, "directional_follow_through": 0.606061, "median_excess_return": -0.001798, "regime_survival": 0.818182, "best_return": 0.255353, "worst_return": -0.444681, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.081649, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.062614, "regime_survival": 0.583333, "best_return": 0.343274, "worst_return": -0.531011, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.097152, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.162727, "regime_survival": 0.285714, "best_return": 0.165032, "worst_return": -0.601529, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": -0.073589, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.270105, "regime_survival": 0.5, "best_return": 0.028998, "worst_return": -0.735028, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-01-31", "end": "2025-02-28", "tenure": "Developing", "return": 0.052343, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-07", "end": "2025-03-14", "tenure": "New", "return": -0.003219, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": 0.181514, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-04-18", "end": "2025-05-23", "tenure": "Developing", "return": 0.018339, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-30", "end": "2025-07-04", "tenure": "Developing", "return": -0.16898, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-07-11", "end": "2025-07-18", "tenure": "New", "return": 0.018856, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-25", "end": "2025-08-08", "tenure": "New", "return": 0.035006, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-08-15", "end": "2025-09-12", "tenure": "Developing", "return": -0.032384, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-09-19", "end": "2025-12-12", "tenure": "Established", "return": 0.123576, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-12-19", "end": "2026-01-30", "tenure": "Developing", "return": -0.238095, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-06", "end": "2026-02-20", "tenure": "New", "return": -0.086957, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-02-27", "end": "2026-07-10", "tenure": "Established", "return": -0.412234, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": -0.068802, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.083241, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 78.84, "volume": 9246104, "typical_volume": 8933909.8, "trend": 98.316, "fair_value": 353.331538, "relative_strength": -27.391752, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.33092, "energy": 80.826589, "activity_lines": [ 78.445333, 84.386182, 92.052571, 95.188129 ] }, { "date": "2023-08-25", "close": 79.76, "volume": 8136736, "typical_volume": 8925885.05, "trend": 97.784, "fair_value": 346.201795, "relative_strength": -26.835076, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.177129, "energy": 75.955035, "activity_lines": [ 78.392, 82.555636, 90.56819, 93.990968 ] }, { "date": "2023-09-01", "close": 71.16, "volume": 13422048, "typical_volume": 9158530.3, "trend": 96.484, "fair_value": 337.88359, "relative_strength": -35.806753, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.498881, "energy": 75.167885, "activity_lines": [ 76.0, 79.553455, 88.321143, 92.27329 ] }, { "date": "2023-09-08", "close": 68.88, "volume": 11742694, "typical_volume": 9363634.85, "trend": 95.652, "fair_value": 328.77641, "relative_strength": -36.571361, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.952513, "energy": 76.267312, "activity_lines": [ 73.464, 76.778909, 85.931238, 90.492387 ] }, { "date": "2023-09-15", "close": 65.12, "volume": 15397361, "typical_volume": 9757334.8, "trend": 94.433333, "fair_value": 320.906667, "relative_strength": -39.321176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.754682, "energy": 88.231261, "activity_lines": [ 70.197333, 73.937455, 83.307238, 88.522581 ] }, { "date": "2023-09-22", "close": 67.12, "volume": 22220653, "typical_volume": 10360593.6, "trend": 93.301333, "fair_value": 312.690769, "relative_strength": -34.670767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.62916, "energy": 87.519977, "activity_lines": [ 68.32, 72.030545, 81.024952, 86.76043 ] }, { "date": "2023-09-29", "close": 67.28, "volume": 14332401, "typical_volume": 10742580.85, "trend": 92.42, "fair_value": 303.404103, "relative_strength": -33.055533, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.308486, "energy": 85.744722, "activity_lines": [ 67.277333, 70.597091, 78.956571, 85.081634 ] }, { "date": "2023-10-06", "close": 77.72, "volume": 22631929, "typical_volume": 11587078.7, "trend": 91.656, "fair_value": 295.630513, "relative_strength": -22.561237, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.020333, "energy": 59.56976, "activity_lines": [ 70.546667, 71.432727, 78.095048, 84.133247 ] }, { "date": "2023-10-13", "close": 67.52, "volume": 12979015, "typical_volume": 11954152.25, "trend": 89.686667, "fair_value": 287.806923, "relative_strength": -32.264134, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.87471, "energy": 57.321734, "activity_lines": [ 69.978667, 70.462545, 76.393333, 82.576086 ] }, { "date": "2023-10-20", "close": 65.56, "volume": 15218467, "typical_volume": 12456574.5, "trend": 87.930667, "fair_value": 279.54, "relative_strength": -31.939343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.896128, "energy": 56.258895, "activity_lines": [ 68.848, 69.303273, 74.669333, 81.019527 ] }, { "date": "2023-10-27", "close": 67.52, "volume": 12828382, "typical_volume": 12696622.5, "trend": 86.818667, "fair_value": 269.793333, "relative_strength": -27.584018, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.34859, "energy": 50.25768, "activity_lines": [ 68.341333, 68.689455, 73.31219, 79.70271 ] }, { "date": "2023-11-03", "close": 71.84, "volume": 12894150, "typical_volume": 12800853.55, "trend": 86.16, "fair_value": 261.023077, "relative_strength": -26.792531, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.35017, "energy": 46.064095, "activity_lines": [ 69.248, 69.066909, 72.554476, 78.736344 ] }, { "date": "2023-11-10", "close": 76.2, "volume": 12325166, "typical_volume": 13024822.05, "trend": 85.808, "fair_value": 253.362821, "relative_strength": -23.018382, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.455829, "energy": 33.655225, "activity_lines": [ 71.304, 70.381091, 72.352381, 78.093763 ] }, { "date": "2023-11-17", "close": 76.76, "volume": 10325879, "typical_volume": 13229572.15, "trend": 85.202667, "fair_value": 246.26, "relative_strength": -23.608356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.740194, "energy": 21.18053, "activity_lines": [ 73.648, 71.705455, 72.34781, 77.510022 ] }, { "date": "2023-11-24", "close": 76.36, "volume": 6940375, "typical_volume": 13114994.1, "trend": 84.518667, "fair_value": 240.036667, "relative_strength": -24.093455, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.690182, "energy": 19.636083, "activity_lines": [ 75.242667, 72.813818, 72.429143, 76.939527 ] }, { "date": "2023-12-01", "close": 79.24, "volume": 15774836, "typical_volume": 13279422.1, "trend": 83.532, "fair_value": 233.949744, "relative_strength": -21.399734, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.102033, "energy": 17.410483, "activity_lines": [ 77.077333, 74.241455, 72.880762, 76.598968 ] }, { "date": "2023-12-08", "close": 84.28, "volume": 12120428, "typical_volume": 13308851.6, "trend": 82.610667, "fair_value": 228.074615, "relative_strength": -15.708162, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.189845, "energy": 23.305802, "activity_lines": [ 79.810667, 76.365091, 73.871048, 76.647226 ] }, { "date": "2023-12-15", "close": 81.44, "volume": 9740912, "typical_volume": 13079293.85, "trend": 81.816, "fair_value": 222.765897, "relative_strength": -19.594315, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.201729, "energy": 19.404604, "activity_lines": [ 80.768, 77.663273, 74.607048, 76.571699 ] }, { "date": "2023-12-22", "close": 79.44, "volume": 12632892, "typical_volume": 13143179.05, "trend": 81.062667, "fair_value": 217.280256, "relative_strength": -21.643166, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.088376, "energy": 19.303025, "activity_lines": [ 80.709333, 78.530182, 75.147619, 76.418409 ] }, { "date": "2023-12-29", "close": 83.56, "volume": 9072829, "typical_volume": 12999162.85, "trend": 80.401333, "fair_value": 211.846667, "relative_strength": -17.291481, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.672297, "energy": 28.395679, "activity_lines": [ 81.845333, 79.929455, 76.067619, 76.579527 ] }, { "date": "2024-01-05", "close": 79.08, "volume": 7819157, "typical_volume": 12927815.5, "trend": 79.470667, "fair_value": 207.15359, "relative_strength": -19.639701, "stage": 4, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.398157, "energy": 20.346279, "activity_lines": [ 81.008, 80.186909, 76.524762, 76.49428 ] }, { "date": "2024-01-12", "close": 80.32, "volume": 10749141, "typical_volume": 13058435.75, "trend": 78.770667, "fair_value": 202.47359, "relative_strength": -19.354513, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.524755, "energy": 16.812488, "activity_lines": [ 80.594667, 80.459636, 77.098857, 76.549075 ] }, { "date": "2024-01-19", "close": 79.84, "volume": 7108036, "typical_volume": 12742735.15, "trend": 77.882667, "fair_value": 197.759744, "relative_strength": -20.30445, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 11.045509, "energy": 11.773829, "activity_lines": [ 80.285333, 80.490909, 77.624571, 76.618065 ] }, { "date": "2024-01-26", "close": 71.24, "volume": 11754997, "typical_volume": 12743350.3, "trend": 76.830667, "fair_value": 192.975385, "relative_strength": -29.001339, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.42588, "energy": 11.406483, "activity_lines": [ 77.216, 78.892364, 77.289905, 76.189505 ] }, { "date": "2024-02-02", "close": 81.68, "volume": 11106724, "typical_volume": 12528818.45, "trend": 76.336, "fair_value": 189.052821, "relative_strength": -18.936698, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.804787, "energy": 17.59453, "activity_lines": [ 78.173333, 79.292364, 77.938286, 76.502366 ] }, { "date": "2024-02-09", "close": 73.2, "volume": 10808889, "typical_volume": 11958230.25, "trend": 75.724, "fair_value": 185.455385, "relative_strength": -27.749437, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 15.392816, "energy": 12.363566, "activity_lines": [ 76.429333, 78.053818, 77.70019, 76.300043 ] }, { "date": "2024-02-16", "close": 71.32, "volume": 10997933, "typical_volume": 11791506.85, "trend": 75.178667, "fair_value": 181.81, "relative_strength": -28.615028, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -18.40432, "energy": 18.716563, "activity_lines": [ 74.450667, 76.583273, 77.254095, 76.015914 ] }, { "date": "2024-02-23", "close": 74.16, "volume": 7954984, "typical_volume": 11057659.6, "trend": 74.970667, "fair_value": 178.541795, "relative_strength": -26.190324, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.101463, "energy": 15.394097, "activity_lines": [ 74.018667, 75.864727, 77.059238, 75.950194 ] }, { "date": "2024-03-01", "close": 69.96, "volume": 14030455, "typical_volume": 11110231.6, "trend": 74.745333, "fair_value": 175.72359, "relative_strength": -30.379326, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.911006, "energy": 31.608877, "activity_lines": [ 72.565333, 74.514909, 76.481333, 75.626925 ] }, { "date": "2024-03-08", "close": 71.92, "volume": 12207588, "typical_volume": 10959687.65, "trend": 74.610667, "fair_value": 172.928205, "relative_strength": -27.385392, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.878689, "energy": 35.216012, "activity_lines": [ 71.850667, 73.693818, 76.078476, 75.444645 ] }, { "date": "2024-03-15", "close": 66.72, "volume": 9334062, "typical_volume": 10784971.65, "trend": 74.206667, "fair_value": 169.791795, "relative_strength": -31.245051, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.760473, "energy": 42.826857, "activity_lines": [ 70.053333, 72.138909, 75.150095, 74.93557 ] }, { "date": "2024-03-22", "close": 66.56, "volume": 12767257, "typical_volume": 10778627.0, "trend": 73.766667, "fair_value": 166.710769, "relative_strength": -31.696918, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.467745, "energy": 50.990643, "activity_lines": [ 68.634667, 70.779636, 74.210286, 74.442237 ] }, { "date": "2024-03-29", "close": 64.08, "volume": 6373890, "typical_volume": 10481063.2, "trend": 73.530667, "fair_value": 163.711282, "relative_strength": -33.604986, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.267512, "energy": 58.978681, "activity_lines": [ 66.706667, 69.219636, 73.059429, 73.81729 ] }, { "date": "2024-04-05", "close": 59.88, "volume": 13487549, "typical_volume": 10639146.7, "trend": 73.230667, "fair_value": 160.531026, "relative_strength": -36.664643, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.405764, "energy": 79.122948, "activity_lines": [ 64.050667, 67.182545, 71.566286, 72.936602 ] }, { "date": "2024-04-12", "close": 59.92, "volume": 12440211, "typical_volume": 10914138.5, "trend": 73.057333, "fair_value": 157.735641, "relative_strength": -35.023355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.596786, "energy": 81.870224, "activity_lines": [ 62.08, 65.359273, 70.157333, 72.077849 ] }, { "date": "2024-04-19", "close": 63.72, "volume": 12045931, "typical_volume": 10727693.25, "trend": 72.944, "fair_value": 154.882564, "relative_strength": -27.907213, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.307787, "energy": 76.699673, "activity_lines": [ 62.176, 64.622545, 69.188571, 71.475441 ] }, { "date": "2024-04-26", "close": 61.56, "volume": 9107076, "typical_volume": 10577025.65, "trend": 72.753333, "fair_value": 152.13359, "relative_strength": -31.293476, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.021853, "energy": 74.884306, "activity_lines": [ 61.752, 63.665455, 68.088, 70.740989 ] }, { "date": "2024-05-03", "close": 67.8, "volume": 11818263, "typical_volume": 10680893.2, "trend": 72.422667, "fair_value": 149.614359, "relative_strength": -23.65308, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.076872, "energy": 46.474646, "activity_lines": [ 63.741333, 64.020364, 67.689905, 70.421419 ] }, { "date": "2024-05-10", "close": 67.8, "volume": 11185342, "typical_volume": 10608515.7, "trend": 72.432, "fair_value": 147.141282, "relative_strength": -23.82403, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.091904, "energy": 30.61243, "activity_lines": [ 65.482667, 64.490909, 67.356762, 70.123183 ] }, { "date": "2024-05-17", "close": 65.28, "volume": 7705224, "typical_volume": 10540135.45, "trend": 72.422667, "fair_value": 144.539231, "relative_strength": -26.761318, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.062654, "energy": 25.122712, "activity_lines": [ 65.856, 64.542545, 66.839048, 69.661763 ] }, { "date": "2024-05-24", "close": 68.08, "volume": 9686877, "typical_volume": 10633521.45, "trend": 72.441333, "fair_value": 142.180769, "relative_strength": -22.575859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.543515, "energy": 25.58991, "activity_lines": [ 66.805333, 65.224, 66.675048, 69.381591 ] }, { "date": "2024-05-31", "close": 67.88, "volume": 7131606, "typical_volume": 10452644.7, "trend": 72.309333, "fair_value": 140.03, "relative_strength": -21.441129, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.5815, "energy": 22.119215, "activity_lines": [ 67.397333, 65.844364, 66.544381, 69.087312 ] }, { "date": "2024-06-07", "close": 71.28, "volume": 10048536, "typical_volume": 10599669.7, "trend": 72.145333, "fair_value": 137.985641, "relative_strength": -17.377586, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.700778, "energy": 11.499349, "activity_lines": [ 68.701333, 67.058909, 66.796762, 69.020903 ] }, { "date": "2024-06-14", "close": 66.6, "volume": 7045035, "typical_volume": 10364171.6, "trend": 71.806667, "fair_value": 135.936923, "relative_strength": -23.038745, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.896181, "energy": 15.13324, "activity_lines": [ 68.213333, 67.291636, 66.64419, 68.66314 ] }, { "date": "2024-06-21", "close": 63.36, "volume": 6977800, "typical_volume": 10157725.4, "trend": 71.373333, "fair_value": 134.053333, "relative_strength": -26.069227, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -43.229791, "energy": 18.965192, "activity_lines": [ 66.725333, 66.813091, 66.205143, 68.118194 ] }, { "date": "2024-06-28", "close": 62.28, "volume": 7656701, "typical_volume": 10000116.0, "trend": 70.808, "fair_value": 132.223077, "relative_strength": -26.202075, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.978241, "energy": 29.112285, "activity_lines": [ 65.005333, 66.075636, 65.750476, 67.531527 ] }, { "date": "2024-07-05", "close": 59.76, "volume": 7069506, "typical_volume": 9803694.65, "trend": 69.990667, "fair_value": 130.336923, "relative_strength": -29.509322, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.770097, "energy": 61.902536, "activity_lines": [ 62.832, 64.906182, 65.10781, 66.818753 ] }, { "date": "2024-07-12", "close": 62.12, "volume": 6774579, "typical_volume": 9744674.4, "trend": 69.346667, "fair_value": 128.371026, "relative_strength": -26.540859, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.878339, "energy": 62.056498, "activity_lines": [ 61.986667, 64.198545, 64.744952, 66.310968 ] }, { "date": "2024-07-19", "close": 65.68, "volume": 7518014, "typical_volume": 9419052.35, "trend": 68.888, "fair_value": 126.508718, "relative_strength": -19.990294, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.862602, "energy": 50.595717, "activity_lines": [ 62.938667, 64.241455, 64.778476, 66.074409 ] }, { "date": "2024-07-26", "close": 68.52, "volume": 9168178, "typical_volume": 9267081.85, "trend": 68.386667, "fair_value": 124.771026, "relative_strength": -15.260059, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.759496, "energy": 16.04583, "activity_lines": [ 64.898667, 64.839273, 65.102857, 66.050667 ] }, { "date": "2024-08-02", "close": 72.72, "volume": 10416407, "typical_volume": 9321199.1, "trend": 68.174667, "fair_value": 122.808974, "relative_strength": -7.668062, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.79862, "energy": 17.719514, "activity_lines": [ 67.914667, 66.141818, 65.843429, 66.330237 ] }, { "date": "2024-08-09", "close": 68.16, "volume": 10689419, "typical_volume": 9217307.2, "trend": 67.769333, "fair_value": 120.820256, "relative_strength": -12.963261, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.876562, "energy": 23.039591, "activity_lines": [ 68.714667, 66.530909, 66.121143, 66.32929 ] }, { "date": "2024-08-16", "close": 67.92, "volume": 6585103, "typical_volume": 9227867.85, "trend": 67.372, "fair_value": 118.378718, "relative_strength": -15.938516, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.604608, "energy": 26.70232, "activity_lines": [ 68.874667, 66.871273, 66.368381, 66.339011 ] }, { "date": "2024-08-23", "close": 69.16, "volume": 10650536, "typical_volume": 9086017.2, "trend": 67.302667, "fair_value": 116.516923, "relative_strength": -14.912027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.860314, "energy": 34.681472, "activity_lines": [ 69.061333, 67.498182, 66.715429, 66.454366 ] }, { "date": "2024-08-30", "close": 71.36, "volume": 9710602, "typical_volume": 8949536.75, "trend": 66.958667, "fair_value": 114.729487, "relative_strength": -12.056841, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 32.322186, "energy": 30.249407, "activity_lines": [ 69.749333, 68.478545, 67.22781, 66.716129 ] }, { "date": "2024-09-06", "close": 80.6, "volume": 12772271, "typical_volume": 8985853.75, "trend": 67.205333, "fair_value": 113.017949, "relative_strength": 3.722754, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 82.593242, "energy": 69.345472, "activity_lines": [ 73.328, 70.993455, 68.565714, 67.596215 ] }, { "date": "2024-09-13", "close": 79.56, "volume": 8249664, "typical_volume": 8942983.15, "trend": 67.48, "fair_value": 111.398462, "relative_strength": -1.469478, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.908259, "energy": 76.00827, "activity_lines": [ 76.034667, 72.986182, 69.72419, 68.39329 ] }, { "date": "2024-09-20", "close": 74.44, "volume": 7785434, "typical_volume": 8741341.7, "trend": 67.489333, "fair_value": 109.867949, "relative_strength": -8.772497, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.145069, "energy": 70.600151, "activity_lines": [ 76.274667, 73.688, 70.309333, 68.842323 ] }, { "date": "2024-09-27", "close": 77.76, "volume": 7307592, "typical_volume": 8547454.2, "trend": 67.749333, "fair_value": 108.474103, "relative_strength": -4.942187, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.381436, "energy": 70.07723, "activity_lines": [ 77.186667, 74.769455, 71.179048, 69.504946 ] }, { "date": "2024-10-04", "close": 68.28, "volume": 16192687, "typical_volume": 8971827.35, "trend": 67.628, "fair_value": 107.159231, "relative_strength": -16.026447, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.387206, "energy": 31.792125, "activity_lines": [ 74.365333, 73.907636, 71.098476, 69.539183 ] }, { "date": "2024-10-11", "close": 65.52, "volume": 12923002, "typical_volume": 9133633.6, "trend": 67.588, "fair_value": 105.925385, "relative_strength": -19.843609, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 18.311693, "energy": 13.916166, "activity_lines": [ 70.829333, 72.548364, 70.740762, 69.403183 ] }, { "date": "2024-10-18", "close": 74.92, "volume": 6056209, "typical_volume": 9079863.75, "trend": 67.866667, "fair_value": 104.778718, "relative_strength": -8.760928, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.229799, "energy": 19.590318, "activity_lines": [ 71.432, 73.029091, 71.290476, 69.876215 ] }, { "date": "2024-10-25", "close": 69.56, "volume": 5241735, "typical_volume": 8839523.7, "trend": 68.049333, "fair_value": 103.547692, "relative_strength": -13.928428, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.569513, "energy": 18.318723, "activity_lines": [ 70.557333, 72.412364, 71.29619, 69.985462 ] }, { "date": "2024-11-01", "close": 73.12, "volume": 5689771, "typical_volume": 8771760.5, "trend": 68.490667, "fair_value": 102.340769, "relative_strength": -7.754292, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.491368, "energy": 15.810665, "activity_lines": [ 71.194667, 72.413091, 71.649143, 70.312602 ] }, { "date": "2024-11-08", "close": 70.6, "volume": 8474635, "typical_volume": 8846602.25, "trend": 68.846667, "fair_value": 101.084359, "relative_strength": -14.295973, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.676053, "energy": 13.074966, "activity_lines": [ 71.301333, 71.883636, 71.731048, 70.448688 ] }, { "date": "2024-11-15", "close": 76.68, "volume": 5168645, "typical_volume": 8722199.45, "trend": 69.278667, "fair_value": 99.748974, "relative_strength": -4.381792, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.571574, "energy": 23.867544, "activity_lines": [ 73.28, 72.473455, 72.357524, 70.954065 ] }, { "date": "2024-11-22", "close": 69.04, "volume": 5949737, "typical_volume": 8666211.0, "trend": 69.528, "fair_value": 98.144103, "relative_strength": -14.67181, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.507485, "energy": 12.375336, "activity_lines": [ 71.968, 71.745455, 72.18781, 70.938667 ] }, { "date": "2024-11-29", "close": 73.28, "volume": 4349227, "typical_volume": 8544943.4, "trend": 69.710667, "fair_value": 96.499744, "relative_strength": -9.808972, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.931013, "energy": 15.25135, "activity_lines": [ 72.461333, 71.979636, 72.377714, 71.180731 ] }, { "date": "2024-12-06", "close": 75.36, "volume": 4976712, "typical_volume": 8417878.3, "trend": 69.962667, "fair_value": 95.193077, "relative_strength": -7.236229, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 41.573024, "energy": 24.181559, "activity_lines": [ 73.4, 72.613091, 72.712571, 71.545204 ] }, { "date": "2024-12-13", "close": 69.0, "volume": 6060348, "typical_volume": 8262486.8, "trend": 70.086667, "fair_value": 93.750769, "relative_strength": -13.802844, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.299411, "energy": 6.049696, "activity_lines": [ 72.069333, 72.133818, 72.395619, 71.483097 ] }, { "date": "2024-12-20", "close": 71.64, "volume": 4981964, "typical_volume": 7990764.65, "trend": 70.205333, "fair_value": 92.490769, "relative_strength": -8.184185, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.71027, "energy": 8.748086, "activity_lines": [ 71.725333, 72.121455, 72.32781, 71.583312 ] }, { "date": "2024-12-27", "close": 70.44, "volume": 3788623, "typical_volume": 7645724.85, "trend": 70.290667, "fair_value": 91.307692, "relative_strength": -9.521191, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 12.17379, "energy": 6.569804, "activity_lines": [ 71.317333, 71.779636, 72.150857, 71.598452 ] }, { "date": "2025-01-03", "close": 64.6, "volume": 6120630, "typical_volume": 7622501.2, "trend": 70.068, "fair_value": 90.212821, "relative_strength": -15.826103, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.9391, "energy": 27.681616, "activity_lines": [ 68.869333, 70.457455, 71.406857, 71.231312 ] }, { "date": "2025-01-10", "close": 61.56, "volume": 9235433, "typical_volume": 7551746.05, "trend": 69.9, "fair_value": 89.258718, "relative_strength": -17.412186, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -42.806712, "energy": 52.2267, "activity_lines": [ 65.986667, 68.672727, 70.389143, 70.682409 ] }, { "date": "2025-01-17", "close": 60.8, "volume": 18045487, "typical_volume": 7968490.3, "trend": 69.814667, "fair_value": 88.340769, "relative_strength": -19.975052, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.674203, "energy": 63.603665, "activity_lines": [ 63.770667, 66.96, 69.335238, 70.095312 ] }, { "date": "2025-01-24", "close": 63.4, "volume": 8756505, "typical_volume": 7767702.0, "trend": 69.852, "fair_value": 87.486923, "relative_strength": -17.4326, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -61.957816, "energy": 71.662093, "activity_lines": [ 62.968, 65.898182, 68.579238, 69.681462 ] }, { "date": "2025-01-31", "close": 65.72, "volume": 9277591, "typical_volume": 7819098.35, "trend": 70.050667, "fair_value": 86.754359, "relative_strength": -12.764272, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.96192, "energy": 67.79341, "activity_lines": [ 63.488, 65.499636, 68.126095, 69.414882 ] }, { "date": "2025-02-07", "close": 67.68, "volume": 6548739, "typical_volume": 7757263.6, "trend": 70.236, "fair_value": 86.068974, "relative_strength": -9.515365, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.110017, "energy": 42.472847, "activity_lines": [ 64.976, 65.517818, 67.925524, 69.261935 ] }, { "date": "2025-02-14", "close": 67.0, "volume": 4532188, "typical_volume": 7618493.4, "trend": 70.28, "fair_value": 85.356154, "relative_strength": -11.260564, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.401166, "energy": 23.056709, "activity_lines": [ 66.032, 65.514182, 67.692381, 69.053161 ] }, { "date": "2025-02-21", "close": 67.88, "volume": 4766994, "typical_volume": 7047208.75, "trend": 70.258667, "fair_value": 84.68359, "relative_strength": -8.136632, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -33.1818, "energy": 21.037738, "activity_lines": [ 67.018667, 65.822545, 67.594286, 68.898323 ] }, { "date": "2025-02-28", "close": 69.16, "volume": 5341545, "typical_volume": 6668135.9, "trend": 70.14, "fair_value": 84.39359, "relative_strength": -5.17479, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -24.655605, "energy": 20.138218, "activity_lines": [ 67.96, 66.384, 67.62, 68.827441 ] }, { "date": "2025-03-07", "close": 74.56, "volume": 7290212, "typical_volume": 6729836.05, "trend": 70.353333, "fair_value": 84.102308, "relative_strength": 5.683735, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.14115, "energy": 15.925036, "activity_lines": [ 70.317333, 67.972364, 68.142667, 69.112602 ] }, { "date": "2025-03-14", "close": 74.32, "volume": 4432263, "typical_volume": 6689362.45, "trend": 70.566667, "fair_value": 83.804359, "relative_strength": 7.79875, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.937211, "energy": 31.877214, "activity_lines": [ 72.005333, 69.442182, 68.64419, 69.368516 ] }, { "date": "2025-03-21", "close": 71.84, "volume": 3616012, "typical_volume": 6585674.5, "trend": 70.656, "fair_value": 83.585385, "relative_strength": 3.705284, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.525485, "energy": 34.694305, "activity_lines": [ 72.424, 70.284364, 68.886857, 69.450667 ] }, { "date": "2025-03-28", "close": 70.6, "volume": 3864328, "typical_volume": 6355159.15, "trend": 70.630667, "fair_value": 83.312308, "relative_strength": 3.392808, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 18.992182, "energy": 34.077052, "activity_lines": [ 72.106667, 70.714182, 69.017524, 69.447054 ] }, { "date": "2025-04-04", "close": 81.52, "volume": 14233571, "typical_volume": 6808405.45, "trend": 70.661333, "fair_value": 83.127179, "relative_strength": 30.383271, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 53.227918, "energy": 56.378952, "activity_lines": [ 75.248, 72.951273, 70.18819, 70.149591 ] }, { "date": "2025-04-11", "close": 84.88, "volume": 12783824, "typical_volume": 7150109.8, "trend": 70.838667, "fair_value": 83.043077, "relative_strength": 27.672933, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.652309, "energy": 69.109603, "activity_lines": [ 78.685333, 75.469818, 71.65581, 71.066925 ] }, { "date": "2025-04-18", "close": 78.52, "volume": 3439941, "typical_volume": 7104645.5, "trend": 70.974667, "fair_value": 82.865641, "relative_strength": 19.448324, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.196388, "energy": 59.519706, "activity_lines": [ 79.314667, 76.483636, 72.442286, 71.562495 ] }, { "date": "2025-04-25", "close": 78.8, "volume": 6267992, "typical_volume": 7169209.5, "trend": 71.009333, "fair_value": 82.693846, "relative_strength": 14.239636, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.197425, "energy": 61.192307, "activity_lines": [ 79.757333, 77.351273, 73.230476, 72.067355 ] }, { "date": "2025-05-02", "close": 88.28, "volume": 7921398, "typical_volume": 7262262.0, "trend": 71.676, "fair_value": 82.664872, "relative_strength": 23.934484, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.087103, "energy": 66.684301, "activity_lines": [ 82.896, 79.728, 74.905143, 73.181591 ] }, { "date": "2025-05-09", "close": 82.48, "volume": 6765176, "typical_volume": 7351422.6, "trend": 72.241333, "fair_value": 82.6, "relative_strength": 16.034163, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.430044, "energy": 42.974963, "activity_lines": [ 82.922667, 80.679273, 75.935619, 73.878624 ] }, { "date": "2025-05-16", "close": 79.48, "volume": 6646055, "typical_volume": 7494294.2, "trend": 72.393333, "fair_value": 82.515897, "relative_strength": 6.05075, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.027507, "energy": 37.98547, "activity_lines": [ 81.885333, 80.842909, 76.628762, 74.345634 ] }, { "date": "2025-05-23", "close": 79.96, "volume": 8056395, "typical_volume": 7591082.45, "trend": 72.74, "fair_value": 82.489744, "relative_strength": 9.340376, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 51.194803, "energy": 34.670971, "activity_lines": [ 81.368, 81.004364, 77.324571, 74.833806 ] }, { "date": "2025-05-30", "close": 83.56, "volume": 5862542, "typical_volume": 7422437.9, "trend": 73.088, "fair_value": 82.532051, "relative_strength": 12.075194, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 54.422361, "energy": 31.16689, "activity_lines": [ 81.954667, 81.717818, 78.290095, 75.531871 ] }, { "date": "2025-06-06", "close": 75.4, "volume": 9635010, "typical_volume": 7001914.05, "trend": 73.248, "fair_value": 82.53641, "relative_strength": -0.373894, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.908178, "energy": 17.722558, "activity_lines": [ 79.504, 80.734545, 78.373714, 75.681032 ] }, { "date": "2025-06-13", "close": 63.76, "volume": 20692032, "typical_volume": 7598690.4, "trend": 72.817333, "fair_value": 82.396667, "relative_strength": -15.226534, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.05038, "energy": 10.928401, "activity_lines": [ 74.032, 77.547636, 77.279238, 75.068903 ] }, { "date": "2025-06-20", "close": 59.48, "volume": 30050829, "typical_volume": 8637352.3, "trend": 72.498667, "fair_value": 82.196667, "relative_strength": -20.575681, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -35.001898, "energy": 33.717112, "activity_lines": [ 68.381333, 73.905455, 75.775429, 74.20843 ] }, { "date": "2025-06-27", "close": 72.56, "volume": 34041929, "typical_volume": 10012011.8, "trend": 72.474667, "fair_value": 82.089231, "relative_strength": -6.391012, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.641886, "energy": 27.40628, "activity_lines": [ 68.424, 73.103273, 75.547048, 74.212387 ] }, { "date": "2025-07-04", "close": 69.44, "volume": 7281936, "typical_volume": 10149499.2, "trend": 72.277333, "fair_value": 81.933077, "relative_strength": -11.936582, "stage": 1, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -18.468882, "energy": 36.458913, "activity_lines": [ 67.92, 71.842182, 74.998286, 74.016602 ] }, { "date": "2025-07-11", "close": 65.76, "volume": 9355259, "typical_volume": 10378912.45, "trend": 72.169333, "fair_value": 81.69, "relative_strength": -16.28594, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.83923, "energy": 46.476314, "activity_lines": [ 67.130667, 70.082182, 74.087429, 73.596129 ] }, { "date": "2025-07-18", "close": 67.0, "volume": 10678184, "typical_volume": 10645744.4, "trend": 72.014667, "fair_value": 81.478462, "relative_strength": -15.0593, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.026798, "energy": 21.915658, "activity_lines": [ 67.397333, 68.957091, 73.304762, 73.262624 ] }, { "date": "2025-07-25", "close": 68.56, "volume": 9889063, "typical_volume": 10775686.95, "trend": 71.952, "fair_value": 81.338974, "relative_strength": -14.120132, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -26.183375, "energy": 23.425744, "activity_lines": [ 67.968, 68.397091, 72.680952, 73.039742 ] }, { "date": "2025-08-01", "close": 65.68, "volume": 18520075, "typical_volume": 11480077.55, "trend": 71.988, "fair_value": 81.084103, "relative_strength": -15.269653, "stage": 4, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.364105, "energy": 27.486099, "activity_lines": [ 66.973333, 67.512, 71.811429, 72.635097 ] }, { "date": "2025-08-08", "close": 70.96, "volume": 22371958, "typical_volume": 12417874.85, "trend": 72.301333, "fair_value": 80.928205, "relative_strength": -10.429159, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -15.007947, "energy": 15.998944, "activity_lines": [ 68.197333, 67.846545, 71.485905, 72.568774 ] }, { "date": "2025-08-15", "close": 71.64, "volume": 9629648, "typical_volume": 12706140.85, "trend": 72.662667, "fair_value": 80.766154, "relative_strength": -10.27415, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.30899, "energy": 19.623516, "activity_lines": [ 69.546667, 68.533818, 71.229333, 72.526108 ] }, { "date": "2025-08-22", "close": 68.12, "volume": 7762284, "typical_volume": 12382576.5, "trend": 72.82, "fair_value": 80.608974, "relative_strength": -14.678806, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.395252, "energy": 19.642183, "activity_lines": [ 69.330667, 68.649455, 70.632571, 72.233032 ] }, { "date": "2025-08-29", "close": 68.24, "volume": 8826934, "typical_volume": 12184732.0, "trend": 72.904, "fair_value": 80.387949, "relative_strength": -14.195583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.666615, "energy": 18.467973, "activity_lines": [ 69.08, 68.707636, 70.111048, 71.937548 ] }, { "date": "2025-09-05", "close": 71.12, "volume": 7671710, "typical_volume": 12396320.45, "trend": 73.018667, "fair_value": 80.188462, "relative_strength": -10.301414, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.434183, "energy": 16.334153, "activity_lines": [ 69.810667, 69.130182, 69.943048, 71.822452 ] }, { "date": "2025-09-12", "close": 69.32, "volume": 8693741, "typical_volume": 12517607.9, "trend": 73.096, "fair_value": 79.951026, "relative_strength": -13.409235, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -34.320044, "energy": 17.740752, "activity_lines": [ 69.578667, 69.251636, 69.638857, 71.583828 ] }, { "date": "2025-09-19", "close": 70.24, "volume": 9706468, "typical_volume": 12606861.4, "trend": 73.174667, "fair_value": 79.634359, "relative_strength": -12.963944, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.594054, "energy": 12.20078, "activity_lines": [ 69.762667, 69.542545, 69.467429, 71.39957 ] }, { "date": "2025-09-26", "close": 65.24, "volume": 9186652, "typical_volume": 12727935.2, "trend": 73.044, "fair_value": 79.276154, "relative_strength": -18.424944, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -60.324598, "energy": 30.256725, "activity_lines": [ 68.373333, 68.842909, 68.905714, 70.887656 ] }, { "date": "2025-10-03", "close": 72.72, "volume": 9715952, "typical_volume": 12881430.05, "trend": 72.982667, "fair_value": 79.155641, "relative_strength": -9.904928, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.482284, "energy": 9.708974, "activity_lines": [ 69.669333, 69.535273, 69.138476, 70.866753 ] }, { "date": "2025-10-10", "close": 76.96, "volume": 7598437, "typical_volume": 12858532.15, "trend": 73.070667, "fair_value": 78.985897, "relative_strength": -2.341447, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.268774, "energy": 11.803398, "activity_lines": [ 72.08, 70.922909, 69.807238, 71.123355 ] }, { "date": "2025-10-17", "close": 78.44, "volume": 7340982, "typical_volume": 12932454.15, "trend": 73.290667, "fair_value": 78.837179, "relative_strength": -1.984898, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 29.811897, "energy": 40.246681, "activity_lines": [ 74.594667, 72.374545, 70.631238, 71.469763 ] }, { "date": "2025-10-24", "close": 71.88, "volume": 8820285, "typical_volume": 12891717.9, "trend": 73.333333, "fair_value": 78.682051, "relative_strength": -11.669625, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 15.121112, "energy": 25.656996, "activity_lines": [ 74.314667, 72.497455, 70.854857, 71.378753 ] }, { "date": "2025-10-31", "close": 72.12, "volume": 5132741, "typical_volume": 12113753.35, "trend": 73.02, "fair_value": 78.593333, "relative_strength": -11.662377, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.426201, "energy": 28.07674, "activity_lines": [ 74.005333, 72.659636, 71.118095, 71.300473 ] }, { "date": "2025-11-07", "close": 73.12, "volume": 8485863, "typical_volume": 11035505.05, "trend": 72.628, "fair_value": 78.48359, "relative_strength": -8.803711, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.997269, "energy": 18.159259, "activity_lines": [ 73.570667, 72.930909, 71.436762, 71.306925 ] }, { "date": "2025-11-14", "close": 73.4, "volume": 12532837, "typical_volume": 9960050.45, "trend": 72.457333, "fair_value": 78.301026, "relative_strength": -8.241859, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 19.005806, "energy": 9.959004, "activity_lines": [ 73.202667, 73.164364, 71.717143, 71.356731 ] }, { "date": "2025-11-21", "close": 77.76, "volume": 7892727, "typical_volume": 9990590.0, "trend": 72.422667, "fair_value": 78.115641, "relative_strength": -0.899056, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.051559, "energy": 20.79485, "activity_lines": [ 74.525333, 74.149091, 72.408762, 71.698839 ] }, { "date": "2025-11-28", "close": 74.56, "volume": 3775812, "typical_volume": 9711617.65, "trend": 71.965333, "fair_value": 77.969231, "relative_strength": -8.156975, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.808173, "energy": 17.378281, "activity_lines": [ 74.826667, 74.398545, 72.756, 71.836731 ] }, { "date": "2025-12-05", "close": 73.2, "volume": 7110590, "typical_volume": 9533237.95, "trend": 71.656, "fair_value": 77.684103, "relative_strength": -9.86131, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.170131, "energy": 27.865249, "activity_lines": [ 74.496, 74.322182, 72.93181, 71.916387 ] }, { "date": "2025-12-12", "close": 78.92, "volume": 5939006, "typical_volume": 9335735.1, "trend": 71.637333, "fair_value": 77.475897, "relative_strength": -2.2603, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 62.723096, "energy": 47.415225, "activity_lines": [ 76.0, 75.141091, 73.622857, 72.385032 ] }, { "date": "2025-12-19", "close": 80.64, "volume": 4238532, "typical_volume": 8621657.95, "trend": 71.66, "fair_value": 77.365385, "relative_strength": -0.184012, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.766274, "energy": 51.514509, "activity_lines": [ 77.690667, 76.16, 74.428381, 72.965849 ] }, { "date": "2025-12-26", "close": 79.6, "volume": 4392269, "typical_volume": 7722673.5, "trend": 71.528, "fair_value": 77.264103, "relative_strength": -2.788424, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.521419, "energy": 54.452872, "activity_lines": [ 78.552, 76.922909, 75.063619, 73.478108 ] }, { "date": "2026-01-02", "close": 78.64, "volume": 5730860, "typical_volume": 7527734.1, "trend": 71.636, "fair_value": 77.067692, "relative_strength": -3.03101, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 56.382096, "energy": 57.535647, "activity_lines": [ 78.970667, 77.490182, 75.566286, 73.936946 ] }, { "date": "2026-01-09", "close": 74.88, "volume": 12329563, "typical_volume": 7756098.05, "trend": 72.006667, "fair_value": 76.944615, "relative_strength": -9.12617, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 52.290019, "energy": 36.251614, "activity_lines": [ 77.864, 77.250909, 75.677524, 74.146237 ] }, { "date": "2026-01-16", "close": 72.96, "volume": 9926710, "typical_volume": 7811086.85, "trend": 72.456, "fair_value": 76.832564, "relative_strength": -11.18444, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 29.510484, "energy": 15.483918, "activity_lines": [ 76.005333, 76.612364, 75.573714, 74.207742 ] }, { "date": "2026-01-23", "close": 69.12, "volume": 5759506, "typical_volume": 7715476.65, "trend": 72.341333, "fair_value": 76.662051, "relative_strength": -15.490908, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 5.523511, "energy": 13.780421, "activity_lines": [ 73.264, 75.278545, 75.081714, 73.992516 ] }, { "date": "2026-01-30", "close": 61.44, "volume": 9630732, "typical_volume": 7762326.2, "trend": 72.074667, "fair_value": 76.349744, "relative_strength": -24.914325, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -41.742311, "energy": 39.997065, "activity_lines": [ 68.730667, 72.626182, 73.86781, 73.289204 ] }, { "date": "2026-02-06", "close": 63.48, "volume": 13340787, "typical_volume": 7944042.15, "trend": 71.998667, "fair_value": 76.155128, "relative_strength": -21.989771, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -34.916412, "energy": 56.564135, "activity_lines": [ 66.088, 70.641455, 72.885714, 72.73471 ] }, { "date": "2026-02-13", "close": 64.68, "volume": 8390899, "typical_volume": 7904254.5, "trend": 71.921333, "fair_value": 75.917949, "relative_strength": -19.266126, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.320498, "energy": 62.741817, "activity_lines": [ 64.856, 69.076364, 72.050095, 72.262538 ] }, { "date": "2026-02-20", "close": 57.96, "volume": 10201549, "typical_volume": 7928534.35, "trend": 71.568, "fair_value": 75.641538, "relative_strength": -28.102287, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -81.124862, "energy": 82.601489, "activity_lines": [ 62.064, 66.444364, 70.577143, 71.361806 ] }, { "date": "2026-02-27", "close": 56.4, "volume": 11668974, "typical_volume": 8132061.2, "trend": 71.258667, "fair_value": 75.402308, "relative_strength": -29.273161, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.254018, "energy": 82.638229, "activity_lines": [ 59.752, 63.909818, 69.025905, 70.383226 ] }, { "date": "2026-03-06", "close": 42.0, "volume": 92886326, "typical_volume": 12409328.4, "trend": 70.293333, "fair_value": 75.02641, "relative_strength": -45.648945, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -94.303763, "energy": 93.845501, "activity_lines": [ 53.488, 59.197818, 66.201143, 68.49557 ] }, { "date": "2026-03-13", "close": 34.04, "volume": 283750935, "typical_volume": 26155860.9, "trend": 69.04, "fair_value": 74.433077, "relative_strength": -54.65496, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -95.102136, "energy": 97.361619, "activity_lines": [ 45.866667, 53.722182, 62.79181, 66.156645 ] }, { "date": "2026-03-20", "close": 31.72, "volume": 202868167, "typical_volume": 36042632.2, "trend": 67.826667, "fair_value": 73.878462, "relative_strength": -56.380897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.264365, "energy": 96.175349, "activity_lines": [ 39.434667, 48.635636, 59.341714, 63.748903 ] }, { "date": "2026-03-27", "close": 31.32, "volume": 226542177, "typical_volume": 46945447.9, "trend": 66.596, "fair_value": 73.432564, "relative_strength": -55.341408, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.28308, "energy": 93.190847, "activity_lines": [ 35.066667, 44.261091, 56.045905, 61.393634 ] }, { "date": "2026-04-03", "close": 32.84, "volume": 193872969, "typical_volume": 56012454.5, "trend": 65.32, "fair_value": 73.055897, "relative_strength": -53.818022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.234091, "energy": 89.087883, "activity_lines": [ 32.981333, 40.92, 53.093905, 59.215828 ] }, { "date": "2026-04-10", "close": 32.28, "volume": 322309970, "typical_volume": 71733316.65, "trend": 64.085333, "fair_value": 72.706667, "relative_strength": -55.28584, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.289033, "energy": 86.371983, "activity_lines": [ 32.28, 38.136727, 50.281714, 57.084215 ] }, { "date": "2026-04-17", "close": 33.88, "volume": 267913967, "typical_volume": 84940224.4, "trend": 62.873333, "fair_value": 72.315385, "relative_strength": -54.242656, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.463294, "energy": 66.567934, "activity_lines": [ 32.76, 36.174545, 47.838476, 55.135484 ] }, { "date": "2026-04-24", "close": 29.36, "volume": 204101288, "typical_volume": 94789759.3, "trend": 61.677333, "fair_value": 71.882564, "relative_strength": -59.789773, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.708541, "energy": 67.879373, "activity_lines": [ 31.744, 33.928727, 45.158476, 52.973333 ] }, { "date": "2026-05-01", "close": 26.84, "volume": 297617258, "typical_volume": 109373671.9, "trend": 60.148, "fair_value": 71.356923, "relative_strength": -62.740453, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.036624, "energy": 69.177482, "activity_lines": [ 30.045333, 31.866909, 42.447238, 50.725763 ] }, { "date": "2026-05-08", "close": 27.64, "volume": 381273069, "typical_volume": 128225398.75, "trend": 58.504, "fair_value": 70.816667, "relative_strength": -61.69947, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.520137, "energy": 66.709729, "activity_lines": [ 28.912, 30.516364, 40.06019, 48.628473 ] }, { "date": "2026-05-15", "close": 24.12, "volume": 257632584, "typical_volume": 140887414.5, "trend": 56.693333, "fair_value": 70.29641, "relative_strength": -65.96029, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.551516, "energy": 69.539363, "activity_lines": [ 26.952, 29.048727, 37.590286, 46.410151 ] }, { "date": "2026-05-22", "close": 25.44, "volume": 306134975, "typical_volume": 155907620.25, "trend": 55.145333, "fair_value": 69.805385, "relative_strength": -63.639114, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.648512, "energy": 73.115306, "activity_lines": [ 25.976, 28.146182, 35.510286, 44.393806 ] }, { "date": "2026-05-29", "close": 27.49, "volume": 198731900, "typical_volume": 165227737.1, "trend": 53.657667, "fair_value": 69.318782, "relative_strength": -60.403285, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.782809, "energy": 64.832048, "activity_lines": [ 26.246, 27.772727, 33.878857, 42.609591 ] }, { "date": "2026-06-05", "close": 26.48, "volume": 56069769, "typical_volume": 167534890.05, "trend": 52.103, "fair_value": 68.802628, "relative_strength": -60.115352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.558606, "energy": 64.5774, "activity_lines": [ 26.304, 27.292545, 32.376905, 40.856194 ] }, { "date": "2026-06-12", "close": 28.03, "volume": 45290312, "typical_volume": 169511430.35, "trend": 50.590667, "fair_value": 68.332821, "relative_strength": -57.380256, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.338179, "energy": 62.032217, "activity_lines": [ 26.902667, 27.182182, 31.243905, 39.303097 ] }, { "date": "2026-06-19", "close": 31.84, "volume": 35210173, "typical_volume": 170790402.4, "trend": 49.06, "fair_value": 67.854359, "relative_strength": -51.417486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.433999, "energy": 50.827842, "activity_lines": [ 28.745333, 27.852, 30.669429, 38.093376 ] }, { "date": "2026-06-26", "close": 35.6, "volume": 34318938, "typical_volume": 171839309.95, "trend": 47.761333, "fair_value": 67.42359, "relative_strength": -43.485082, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.426964, "energy": 34.992061, "activity_lines": [ 31.326667, 29.213455, 30.594, 37.224989 ] }, { "date": "2026-07-03", "close": 35.62, "volume": 11704882, "typical_volume": 172005009.1, "trend": 46.508667, "fair_value": 67.033205, "relative_strength": -43.846805, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.247501, "energy": 30.753866, "activity_lines": [ 33.237333, 30.547273, 30.653238, 36.441677 ] }, { "date": "2026-07-10", "close": 33.15, "volume": 20012963, "typical_volume": 172495579.8, "trend": 44.983, "fair_value": 66.658782, "relative_strength": -47.704227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.90389, "energy": 27.415734, "activity_lines": [ 33.782667, 31.318182, 30.615619, 35.579828 ] }, { "date": "2026-07-17", "close": 27.47, "volume": 20135399, "typical_volume": 172918901.05, "trend": 43.210667, "fair_value": 66.272821, "relative_strength": -55.25752, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -35.603851, "energy": 25.711851, "activity_lines": [ 31.99, 30.941636, 30.15519, 34.449957 ] }, { "date": "2026-07-24", "close": 25.58, "volume": 21801859, "typical_volume": 169364677.7, "trend": 41.41, "fair_value": 65.92141, "relative_strength": -57.353504, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -61.757263, "energy": 40.208994, "activity_lines": [ 29.604667, 30.224545, 29.652524, 33.312495 ] }, { "date": "2026-07-31", "close": 27.15, "volume": 26807240, "typical_volume": 156517492.95, "trend": 39.693667, "fair_value": 65.603654, "relative_strength": -54.466685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.143533, "energy": 45.290296, "activity_lines": [ 28.16, 29.766364, 29.377571, 32.392495 ] }, { "date": "2026-08-07", "close": 29.41, "volume": 21537482, "typical_volume": 147450958.7, "trend": 38.178, "fair_value": 65.305256, "relative_strength": -51.477876, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.189398, "energy": 43.811003, "activity_lines": [ 28.032, 29.688, 29.350667, 31.729032 ] } ], "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." } } }