{ "ticker": { "uuid": "e5374bd8-0a3a-465f-95e2-ead22b54dda9", "symbol": "WCOD", "name": "State Street SPDR MSCI World Consumer Discretionary UCITS ETF USD Acc", "exchange": "LSE", "country": "GB", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 73.896, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 59.093, "architecture_energy": 30.687, "architecture_maturity": 20.29, "architecture_confidence": 70.413, "architecture_tenure": "Developing", "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": 42.03, "rotation_up": 50.58, "upward_expansion": 66.64, "deceleration": 47.83, "rotation_down": 19.38, "downward_expansion": 16.64 }, "activity_lines": [ 85.421999, 84.918818, 85.067357, 84.483957 ], "activity_state": "Compressed", "activity_direction": "Expanding", "rotation_direction": "Stable", "price_acceptance": 0.5 }, "latest_close": 88.839996, "trend_reference": 84.318667, "distance_from_trend": 0.053622, "trend_direction": "Weakening", "fair_value": 75.883397, "distance_from_fair_value": 0.170744, "fair_value_direction": "Weakening", "relative_strength": -3.878058, "relative_strength_direction": "Weakening", "price_momentum": 0.057619, "excess_performance": 0.006384, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.053622, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.008432, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.170744, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.010534, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.038781, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.020695, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.057619, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.964631, "read": "Demand-led" } ], "volume": { "latest": 31048, "relative_activity": 3.809874, "balance": 1.964631, "dry_up": 1.296883, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.029531, "annualized_volatility": 0.217034, "from_high_reference": -0.02234, "from_low_reference": 0.17358 }, "levels": { "trend_reference": 84.318667, "fair_value_reference": 75.883397, "structural_low": 75.699997, "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": 5, "median_return": 0.00491, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": -0.017968, "regime_survival": 0.2, "best_return": 0.123052, "worst_return": -0.116725, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.034841, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.019394, "regime_survival": 0.0, "best_return": 0.123221, "worst_return": -0.086411, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.052962, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.107008, "regime_survival": 0.0, "best_return": 0.115855, "worst_return": -0.06837, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.030686, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.071713, "regime_survival": 0.0, "best_return": 0.200315, "worst_return": -0.261686, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-07-05", "tenure": "Developing", "return": 0.050258, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-12", "end": "2024-07-26", "tenure": "New", "return": -0.054796, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2024-08-02", "end": "2024-08-23", "tenure": "New", "return": 0.079104, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-30", "end": "2024-09-20", "tenure": "New", "return": 0.03304, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-27", "end": "2025-02-28", "tenure": "Established", "return": 0.04319, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-18", "tenure": "Developing", "return": -0.072602, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.084026, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-08-01", "tenure": "Developing", "return": 0.001849, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2026-02-06", "tenure": "Extended", "return": 0.027837, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-02-20", "tenure": "New", "return": 0.001368, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-02-27", "end": "2026-03-13", "tenure": "New", "return": -0.053066, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-03-20", "end": "2026-05-01", "tenure": "Developing", "return": 0.110537, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-06-12", "tenure": "Developing", "return": -0.039073, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-19", "end": "2026-08-07", "tenure": "Developing", "return": 0.051174, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 60.59, "volume": 517, "typical_volume": 4176.8, "trend": 58.978667, "fair_value": 61.31516, "relative_strength": 11.764936, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.571282, "energy": 38.010923, "activity_lines": [ 63.005333, 63.484, 62.175858, 60.711409 ] }, { "date": "2023-08-25", "close": 60.860001, "volume": 4082, "typical_volume": 4116.1, "trend": 59.140167, "fair_value": 61.347628, "relative_strength": 10.934515, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.207835, "energy": 27.687314, "activity_lines": [ 62.083333, 63.009637, 62.193548, 60.832785 ] }, { "date": "2023-09-01", "close": 63.02, "volume": 2645, "typical_volume": 4116.55, "trend": 59.294667, "fair_value": 61.409071, "relative_strength": 12.722076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.076105, "energy": 29.571227, "activity_lines": [ 62.114667, 62.965182, 62.393191, 61.083097 ] }, { "date": "2023-09-08", "close": 62.799999, "volume": 830, "typical_volume": 4137.05, "trend": 59.522833, "fair_value": 61.46625, "relative_strength": 11.953358, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.785353, "energy": 26.277243, "activity_lines": [ 62.204333, 62.858, 62.542834, 61.309248 ] }, { "date": "2023-09-15", "close": 63.919998, "volume": 104965, "typical_volume": 9254.75, "trend": 59.777, "fair_value": 61.531891, "relative_strength": 10.312331, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.182192, "energy": 26.614322, "activity_lines": [ 62.811333, 62.967272, 62.772548, 61.592936 ] }, { "date": "2023-09-22", "close": 61.18, "volume": 5264, "typical_volume": 9512.25, "trend": 60.001667, "fair_value": 61.58718, "relative_strength": 5.799412, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.096006, "energy": 15.406583, "activity_lines": [ 62.458666, 62.56109, 62.708786, 61.683452 ] }, { "date": "2023-09-29", "close": 60.060001, "volume": 4412, "typical_volume": 9030.55, "trend": 60.150833, "fair_value": 61.623237, "relative_strength": 4.781387, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.420691, "energy": 6.815577, "activity_lines": [ 61.693333, 62.028182, 62.519595, 61.687215 ] }, { "date": "2023-10-06", "close": 58.950001, "volume": 9613, "typical_volume": 9442.55, "trend": 60.303834, "fair_value": 61.642436, "relative_strength": 4.239116, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -13.915734, "energy": 23.097831, "activity_lines": [ 60.611334, 61.371636, 62.213167, 61.609742 ] }, { "date": "2023-10-13", "close": 59.060001, "volume": 221, "typical_volume": 9440.45, "trend": 60.483167, "fair_value": 61.658365, "relative_strength": 2.849397, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -32.305588, "energy": 50.979151, "activity_lines": [ 59.837334, 60.845, 61.915619, 61.529495 ] }, { "date": "2023-10-20", "close": 56.759998, "volume": 2, "typical_volume": 9420.85, "trend": 60.572667, "fair_value": 61.666763, "relative_strength": 1.358547, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.233042, "energy": 69.119553, "activity_lines": [ 58.546, 60.007454, 61.394286, 61.28929 ] }, { "date": "2023-10-27", "close": 56.759998, "volume": 1799, "typical_volume": 8808.8, "trend": 60.561833, "fair_value": 61.691763, "relative_strength": 2.75266, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.110777, "energy": 73.532171, "activity_lines": [ 57.731999, 59.287454, 60.886333, 61.043312 ] }, { "date": "2023-11-03", "close": 60.380001, "volume": 2363, "typical_volume": 8518.6, "trend": 60.712167, "fair_value": 61.714808, "relative_strength": 7.076109, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.805245, "energy": 54.344373, "activity_lines": [ 58.419333, 59.295272, 60.741286, 61.031581 ] }, { "date": "2023-11-10", "close": 59.715, "volume": 280, "typical_volume": 8532.6, "trend": 60.805334, "fair_value": 61.733365, "relative_strength": 6.483861, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.170358, "energy": 34.317498, "activity_lines": [ 58.863666, 59.190909, 60.544928, 60.967247 ] }, { "date": "2023-11-17", "close": 62.494999, "volume": 111, "typical_volume": 8385.15, "trend": 60.981333, "fair_value": 61.760545, "relative_strength": 8.958041, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 5.457096, "energy": 8.89937, "activity_lines": [ 60.183666, 59.652091, 60.623119, 61.076258 ] }, { "date": "2023-11-24", "close": 63.025002, "volume": 18619, "typical_volume": 9015.0, "trend": 61.179167, "fair_value": 61.777276, "relative_strength": 9.743342, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 22.415467, "energy": 28.14022, "activity_lines": [ 61.451334, 60.215182, 60.756595, 61.208108 ] }, { "date": "2023-12-01", "close": 63.419998, "volume": 548, "typical_volume": 9038.2, "trend": 61.385167, "fair_value": 61.79609, "relative_strength": 9.469028, "stage": 2, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 19.474748, "energy": 33.037499, "activity_lines": [ 62.433, 60.866363, 60.927428, 61.352677 ] }, { "date": "2023-12-08", "close": 64.400002, "volume": 2780, "typical_volume": 9108.15, "trend": 61.6105, "fair_value": 61.823782, "relative_strength": 10.374492, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 38.244779, "energy": 51.00264, "activity_lines": [ 63.297334, 61.655, 61.201071, 61.547183 ] }, { "date": "2023-12-15", "close": 66.230003, "volume": 528, "typical_volume": 8603.55, "trend": 61.864334, "fair_value": 61.850481, "relative_strength": 12.659454, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.161227, "energy": 71.501739, "activity_lines": [ 64.503668, 62.697455, 61.64881, 61.845215 ] }, { "date": "2023-12-22", "close": 66.489998, "volume": 562, "typical_volume": 8341.4, "trend": 62.145167, "fair_value": 61.880256, "relative_strength": 10.753359, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.916317, "energy": 76.151076, "activity_lines": [ 65.362334, 63.654818, 62.115429, 62.143645 ] }, { "date": "2023-12-29", "close": 66.800003, "volume": 5107, "typical_volume": 8262.4, "trend": 62.386167, "fair_value": 61.904135, "relative_strength": 10.201849, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 79.755137, "energy": 91.364707, "activity_lines": [ 66.058001, 64.533455, 62.604286, 62.443957 ] }, { "date": "2024-01-05", "close": 64.470001, "volume": 4676, "typical_volume": 8470.35, "trend": 62.516167, "fair_value": 61.902853, "relative_strength": 6.484204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.936856, "energy": 80.761335, "activity_lines": [ 65.725335, 64.80591, 62.854215, 62.578398 ] }, { "date": "2024-01-12", "close": 65.489998, "volume": 3204, "typical_volume": 8426.45, "trend": 62.602334, "fair_value": 61.914615, "relative_strength": 8.607148, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.514971, "energy": 69.715611, "activity_lines": [ 65.662667, 65.123637, 63.18281, 62.770258 ] }, { "date": "2024-01-19", "close": 64.860001, "volume": 188, "typical_volume": 8303.6, "trend": 62.705334, "fair_value": 61.91343, "relative_strength": 9.420857, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.467919, "energy": 49.964021, "activity_lines": [ 65.317334, 65.23391, 63.429357, 62.915914 ] }, { "date": "2024-01-26", "close": 65.459999, "volume": 207, "typical_volume": 8272.45, "trend": 62.7705, "fair_value": 61.930321, "relative_strength": 7.573764, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.761042, "energy": 39.386022, "activity_lines": [ 65.263333, 65.359728, 63.724286, 63.093635 ] }, { "date": "2024-02-02", "close": 66.894997, "volume": 178, "typical_volume": 3033.1, "trend": 62.901333, "fair_value": 61.935288, "relative_strength": 9.8451, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.429538, "energy": 58.061162, "activity_lines": [ 65.756332, 65.692545, 64.143214, 63.359731 ] }, { "date": "2024-02-09", "close": 68.129997, "volume": 4526, "typical_volume": 2996.2, "trend": 62.992, "fair_value": 61.949103, "relative_strength": 11.995553, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.393112, "energy": 78.962001, "activity_lines": [ 66.654665, 66.179545, 64.665595, 63.697064 ] }, { "date": "2024-02-16", "close": 68.495003, "volume": 9329, "typical_volume": 3242.05, "trend": 63.129833, "fair_value": 61.962244, "relative_strength": 10.077398, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 83.825327, "energy": 91.830169, "activity_lines": [ 67.430666, 66.647272, 65.189643, 64.052097 ] }, { "date": "2024-02-23", "close": 69.565002, "volume": 460, "typical_volume": 2784.4, "trend": 63.282167, "fair_value": 62.005321, "relative_strength": 11.313618, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.768623, "energy": 94.238808, "activity_lines": [ 68.363, 67.235091, 65.775429, 64.467269 ] }, { "date": "2024-03-01", "close": 70.514999, "volume": 2408, "typical_volume": 2893.75, "trend": 63.467333, "fair_value": 62.075064, "relative_strength": 12.600056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.992531, "energy": 94.988832, "activity_lines": [ 69.298334, 67.935, 66.401143, 64.933903 ] }, { "date": "2024-03-08", "close": 69.739998, "volume": 2184, "typical_volume": 3002.85, "trend": 63.6845, "fair_value": 62.110577, "relative_strength": 11.146198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.123766, "energy": 88.125193, "activity_lines": [ 69.638333, 68.420818, 66.8985, 65.338591 ] }, { "date": "2024-03-15", "close": 68.970001, "volume": 9837, "typical_volume": 3404.75, "trend": 63.963833, "fair_value": 62.138494, "relative_strength": 8.546424, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.93092, "energy": 78.828172, "activity_lines": [ 69.532, 68.713182, 67.260714, 65.679591 ] }, { "date": "2024-03-22", "close": 70.455002, "volume": 2180, "typical_volume": 3395.6, "trend": 64.283667, "fair_value": 62.18, "relative_strength": 7.640214, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.119138, "energy": 69.669599, "activity_lines": [ 69.864667, 69.193727, 67.706214, 66.098376 ] }, { "date": "2024-03-29", "close": 70.959999, "volume": 3618, "typical_volume": 3562.5, "trend": 64.548333, "fair_value": 62.214904, "relative_strength": 7.753639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.277491, "energy": 68.754428, "activity_lines": [ 70.235, 69.675818, 68.151833, 66.529108 ] }, { "date": "2024-04-05", "close": 69.260002, "volume": 31639, "typical_volume": 5138.9, "trend": 64.763667, "fair_value": 62.227981, "relative_strength": 5.34632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.066557, "energy": 61.27852, "activity_lines": [ 69.945667, 69.73791, 68.382, 66.833086 ] }, { "date": "2024-04-12", "close": 68.900002, "volume": 1161, "typical_volume": 4266.0, "trend": 64.929667, "fair_value": 62.226699, "relative_strength": 3.360898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.13887, "energy": 51.275129, "activity_lines": [ 69.620001, 69.665455, 68.545667, 67.099947 ] }, { "date": "2024-04-19", "close": 66.504997, "volume": 890, "typical_volume": 4283.1, "trend": 65.107167, "fair_value": 62.214103, "relative_strength": 0.750463, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.515076, "energy": 23.615611, "activity_lines": [ 68.552, 69.121091, 68.453262, 67.201581 ] }, { "date": "2024-04-26", "close": 67.849998, "volume": 300, "typical_volume": 4159.1, "trend": 65.366833, "fair_value": 62.210673, "relative_strength": -0.539437, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.26255, "energy": 27.233474, "activity_lines": [ 68.096666, 68.850818, 68.474262, 67.378538 ] }, { "date": "2024-05-03", "close": 68.834999, "volume": 899, "typical_volume": 4177.65, "trend": 65.696333, "fair_value": 62.214647, "relative_strength": -0.234887, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.429257, "energy": 25.30508, "activity_lines": [ 68.143332, 68.771363, 68.572643, 67.60229 ] }, { "date": "2024-05-10", "close": 68.824997, "volume": 2793, "typical_volume": 4289.2, "trend": 66.021833, "fair_value": 62.233205, "relative_strength": -3.016519, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.270139, "energy": 22.900352, "activity_lines": [ 68.328331, 68.703363, 68.657666, 67.804139 ] }, { "date": "2024-05-17", "close": 69.190002, "volume": 192, "typical_volume": 4043.45, "trend": 66.436167, "fair_value": 62.253045, "relative_strength": -2.493065, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.384087, "energy": 20.570986, "activity_lines": [ 68.663999, 68.732454, 68.766333, 68.008537 ] }, { "date": "2024-05-24", "close": 67.995003, "volume": 1382, "typical_volume": 3878.75, "trend": 66.810667, "fair_value": 62.254487, "relative_strength": -3.118215, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.041215, "energy": 20.707603, "activity_lines": [ 68.582001, 68.554273, 68.74981, 68.109108 ] }, { "date": "2024-05-31", "close": 67.074997, "volume": 187, "typical_volume": 3727.9, "trend": 67.033833, "fair_value": 62.251314, "relative_strength": -4.001826, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.472037, "energy": 3.7823, "activity_lines": [ 68.094, 68.226545, 68.628881, 68.126161 ] }, { "date": "2024-06-07", "close": 68.699997, "volume": 445, "typical_volume": 3740.75, "trend": 67.333333, "fair_value": 62.253974, "relative_strength": -1.39082, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.376024, "energy": 9.969626, "activity_lines": [ 68.199332, 68.255726, 68.655166, 68.233656 ] }, { "date": "2024-06-14", "close": 67.57, "volume": 378, "typical_volume": 3749.3, "trend": 67.5025, "fair_value": 62.254551, "relative_strength": -1.854266, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.476878, "energy": 11.825388, "activity_lines": [ 67.936999, 68.120545, 68.555547, 68.248924 ] }, { "date": "2024-06-21", "close": 68.605003, "volume": 9807, "typical_volume": 4230.75, "trend": 67.6885, "fair_value": 62.249872, "relative_strength": -1.460543, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.414667, "energy": 11.872074, "activity_lines": [ 68.103334, 68.204273, 68.544452, 68.320054 ] }, { "date": "2024-06-28", "close": 69.690002, "volume": 19885, "typical_volume": 4998.7, "trend": 67.8975, "fair_value": 62.250449, "relative_strength": 0.976316, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.895661, "energy": 23.409704, "activity_lines": [ 68.670334, 68.490637, 68.628548, 68.449183 ] }, { "date": "2024-07-05", "close": 71.260002, "volume": 2124, "typical_volume": 4638.45, "trend": 68.126167, "fair_value": 62.255641, "relative_strength": 2.748165, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 73.014757, "energy": 57.883459, "activity_lines": [ 69.647668, 69.004546, 68.854738, 68.666118 ] }, { "date": "2024-07-12", "close": 72.449997, "volume": 17440, "typical_volume": 5487.45, "trend": 68.3335, "fair_value": 62.277115, "relative_strength": 3.848321, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.534106, "energy": 80.405333, "activity_lines": [ 70.742667, 69.672818, 69.181095, 68.945075 ] }, { "date": "2024-07-19", "close": 69.989998, "volume": 598, "typical_volume": 5396.95, "trend": 68.450167, "fair_value": 62.27343, "relative_strength": 1.475451, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.136804, "energy": 72.609311, "activity_lines": [ 70.767666, 69.828091, 69.259428, 69.051946 ] }, { "date": "2024-07-26", "close": 68.480003, "volume": 5178, "typical_volume": 5546.65, "trend": 68.506167, "fair_value": 62.266314, "relative_strength": -2.23106, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.121829, "energy": 56.604983, "activity_lines": [ 70.128, 69.687637, 69.196452, 69.053871 ] }, { "date": "2024-08-02", "close": 65.419998, "volume": 1038, "typical_volume": 5106.7, "trend": 68.537833, "fair_value": 62.238045, "relative_strength": -5.205475, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "mixed", "direction": -29.047323, "energy": 17.395777, "activity_lines": [ 68.476666, 69.003727, 68.848047, 68.854763 ] }, { "date": "2024-08-09", "close": 65.5, "volume": 3300, "typical_volume": 5162.7, "trend": 68.538167, "fair_value": 62.208173, "relative_strength": -4.929725, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -45.829113, "energy": 42.478054, "activity_lines": [ 67.136666, 68.381182, 68.524167, 68.658774 ] }, { "date": "2024-08-16", "close": 68.730003, "volume": 2443, "typical_volume": 5103.95, "trend": 68.667167, "fair_value": 62.2175, "relative_strength": -1.945044, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.99993, "energy": 33.324496, "activity_lines": [ 67.257334, 68.374546, 68.5315, 68.671151 ] }, { "date": "2024-08-23", "close": 70.595001, "volume": 1510, "typical_volume": 3597.5, "trend": 68.838333, "fair_value": 62.227404, "relative_strength": 0.475225, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -27.225437, "energy": 24.26563, "activity_lines": [ 68.247668, 68.706455, 68.727072, 68.795527 ] }, { "date": "2024-08-30", "close": 69.915001, "volume": 51, "typical_volume": 3542.0, "trend": 68.939, "fair_value": 62.225769, "relative_strength": -1.050608, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.129306, "energy": 6.15514, "activity_lines": [ 68.971001, 68.859728, 68.851524, 68.864989 ] }, { "date": "2024-09-06", "close": 68.32, "volume": 311, "typical_volume": 3513.05, "trend": 68.945334, "fair_value": 62.211506, "relative_strength": -0.99157, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -8.335314, "energy": 14.560678, "activity_lines": [ 69.067001, 68.699182, 68.819238, 68.825054 ] }, { "date": "2024-09-13", "close": 71.264999, "volume": 1303, "typical_volume": 3563.2, "trend": 69.037667, "fair_value": 62.218942, "relative_strength": 2.057173, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.751653, "energy": 30.827568, "activity_lines": [ 69.951334, 69.099, 69.058786, 68.97471 ] }, { "date": "2024-09-20", "close": 72.224998, "volume": 5126, "typical_volume": 3774.55, "trend": 69.126333, "fair_value": 62.233397, "relative_strength": 3.781222, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 70.735965, "energy": 61.320202, "activity_lines": [ 70.771333, 69.673273, 69.3735, 69.180344 ] }, { "date": "2024-09-27", "close": 74.785004, "volume": 10675, "typical_volume": 4168.65, "trend": 69.268667, "fair_value": 62.275897, "relative_strength": 6.023429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.941877, "energy": 77.723201, "activity_lines": [ 72.211667, 70.717092, 69.915881, 69.54542 ] }, { "date": "2024-10-04", "close": 72.675003, "volume": 27556, "typical_volume": 5536.85, "trend": 69.3665, "fair_value": 62.301571, "relative_strength": 3.31876, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.554242, "energy": 73.254069, "activity_lines": [ 72.669335, 71.290092, 70.228929, 69.765183 ] }, { "date": "2024-10-11", "close": 72.809998, "volume": 2799, "typical_volume": 5607.7, "trend": 69.4945, "fair_value": 62.314071, "relative_strength": 3.601748, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.31285, "energy": 72.025183, "activity_lines": [ 72.988001, 71.811364, 70.538239, 69.987344 ] }, { "date": "2024-10-18", "close": 73.010002, "volume": 3672, "typical_volume": 5781.95, "trend": 69.579667, "fair_value": 62.322436, "relative_strength": 2.339647, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.628253, "energy": 69.902899, "activity_lines": [ 73.074001, 72.234637, 70.843667, 70.214151 ] }, { "date": "2024-10-25", "close": 73.440002, "volume": 648, "typical_volume": 5792.1, "trend": 69.662334, "fair_value": 62.322596, "relative_strength": 4.046709, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.807188, "energy": 53.923526, "activity_lines": [ 73.187001, 72.599546, 71.161786, 70.463205 ] }, { "date": "2024-11-01", "close": 73.434998, "volume": 3246, "typical_volume": 5935.5, "trend": 69.8015, "fair_value": 62.298974, "relative_strength": 4.752726, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.835519, "energy": 52.969255, "activity_lines": [ 73.217334, 72.87791, 71.456858, 70.706603 ] }, { "date": "2024-11-08", "close": 77.165001, "volume": 2984, "typical_volume": 5594.35, "trend": 70.077, "fair_value": 62.312949, "relative_strength": 11.141907, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 87.358828, "energy": 79.929548, "activity_lines": [ 74.581, 73.782819, 72.079239, 71.181667 ] }, { "date": "2024-11-15", "close": 76.315002, "volume": 15037, "typical_volume": 5351.95, "trend": 70.404, "fair_value": 62.306218, "relative_strength": 9.758746, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.072729, "energy": 85.148608, "activity_lines": [ 75.362001, 74.401365, 72.579905, 71.584119 ] }, { "date": "2024-11-22", "close": 77.055, "volume": 2153, "typical_volume": 5353.4, "trend": 70.710834, "fair_value": 62.326346, "relative_strength": 7.941468, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.988046, "energy": 89.966897, "activity_lines": [ 76.156001, 75.009092, 73.119501, 72.013216 ] }, { "date": "2024-11-29", "close": 78.529999, "volume": 115, "typical_volume": 4487.15, "trend": 71.034, "fair_value": 62.365673, "relative_strength": 9.416755, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.369971, "energy": 93.409463, "activity_lines": [ 77.172, 75.779728, 73.771977, 72.517678 ] }, { "date": "2024-12-06", "close": 82.529999, "volume": 1290, "typical_volume": 4521.75, "trend": 71.490834, "fair_value": 62.423013, "relative_strength": 14.337645, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 96.01012, "energy": 97.553695, "activity_lines": [ 79.182, 77.163, 74.776453, 73.259355 ] }, { "date": "2024-12-13", "close": 83.415001, "volume": 4354, "typical_volume": 4480.55, "trend": 71.965, "fair_value": 62.498398, "relative_strength": 15.345313, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.922459, "energy": 97.514865, "activity_lines": [ 80.880667, 78.566364, 75.8055, 74.028656 ] }, { "date": "2024-12-20", "close": 82.150002, "volume": 2053, "typical_volume": 4531.3, "trend": 72.436834, "fair_value": 62.552949, "relative_strength": 16.236019, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.393823, "energy": 90.051068, "activity_lines": [ 81.741001, 79.544455, 76.642953, 74.685753 ] }, { "date": "2024-12-27", "close": 82.485001, "volume": 374, "typical_volume": 4385.0, "trend": 72.9505, "fair_value": 62.607724, "relative_strength": 15.399837, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.70829, "energy": 88.928473, "activity_lines": [ 82.324001, 80.413637, 77.432643, 75.334022 ] }, { "date": "2025-01-03", "close": 80.449997, "volume": 289, "typical_volume": 4277.3, "trend": 73.342167, "fair_value": 62.657276, "relative_strength": 11.196361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.982607, "energy": 67.550116, "activity_lines": [ 81.866666, 80.740545, 77.947643, 75.817861 ] }, { "date": "2025-01-10", "close": 79.025002, "volume": 13317, "typical_volume": 4867.65, "trend": 73.724001, "fair_value": 62.706186, "relative_strength": 8.666794, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.216388, "energy": 61.598506, "activity_lines": [ 80.806334, 80.680909, 78.271119, 76.184495 ] }, { "date": "2025-01-17", "close": 82.464996, "volume": 714, "typical_volume": 4900.8, "trend": 74.186, "fair_value": 62.797147, "relative_strength": 9.73437, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.116987, "energy": 55.368762, "activity_lines": [ 81.126332, 81.14509, 78.882071, 76.74843 ] }, { "date": "2025-01-24", "close": 83.769997, "volume": 436, "typical_volume": 4907.05, "trend": 74.655333, "fair_value": 62.917949, "relative_strength": 11.198081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.228703, "energy": 60.635409, "activity_lines": [ 81.944665, 81.750181, 79.557547, 77.366753 ] }, { "date": "2025-01-31", "close": 85.040001, "volume": 852, "typical_volume": 4884.5, "trend": 75.114667, "fair_value": 63.033141, "relative_strength": 10.406294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.310195, "energy": 65.883637, "activity_lines": [ 83.078332, 82.450636, 80.280405, 78.036731 ] }, { "date": "2025-02-07", "close": 82.214996, "volume": 4206, "typical_volume": 4838.5, "trend": 75.440167, "fair_value": 63.125353, "relative_strength": 6.309334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.213133, "energy": 60.66077, "activity_lines": [ 83.099998, 82.492271, 80.668618, 78.494817 ] }, { "date": "2025-02-14", "close": 83.074997, "volume": 673, "typical_volume": 4338.4, "trend": 75.876333, "fair_value": 63.235032, "relative_strength": 6.881734, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.606476, "energy": 58.662471, "activity_lines": [ 83.290664, 82.623271, 81.091166, 78.987387 ] }, { "date": "2025-02-21", "close": 81.220001, "volume": 33009, "typical_volume": 4611.05, "trend": 76.301, "fair_value": 63.345064, "relative_strength": 5.297099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.856015, "energy": 47.846649, "activity_lines": [ 82.592999, 82.40709, 81.297571, 79.332139 ] }, { "date": "2025-02-28", "close": 78.014999, "volume": 3573, "typical_volume": 4649.75, "trend": 76.720833, "fair_value": 63.455801, "relative_strength": -0.514168, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 20.666783, "energy": 17.481529, "activity_lines": [ 80.909999, 81.64809, 81.158047, 79.44272 ] }, { "date": "2025-03-07", "close": 74.239998, "volume": 1999, "typical_volume": 4566.1, "trend": 77.012167, "fair_value": 63.545064, "relative_strength": -3.797708, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -21.495088, "energy": 31.443064, "activity_lines": [ 78.352332, 80.277908, 80.634213, 79.282666 ] }, { "date": "2025-03-14", "close": 72.894997, "volume": 2048, "typical_volume": 4636.1, "trend": 77.151, "fair_value": 63.599487, "relative_strength": -4.920818, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.475056, "energy": 52.763405, "activity_lines": [ 76.066332, 78.813089, 79.976427, 79.017042 ] }, { "date": "2025-03-21", "close": 72.900002, "volume": 2484, "typical_volume": 4598.0, "trend": 77.227833, "fair_value": 63.649199, "relative_strength": -4.980593, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.668391, "energy": 76.942933, "activity_lines": [ 74.403333, 77.486544, 79.321713, 78.742784 ] }, { "date": "2025-03-28", "close": 72.82, "volume": 718, "typical_volume": 4484.7, "trend": 77.324666, "fair_value": 63.692308, "relative_strength": -5.112003, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -37.584619, "energy": 76.775109, "activity_lines": [ 73.392, 76.256817, 78.661928, 78.458408 ] }, { "date": "2025-04-04", "close": 68.059998, "volume": 73517, "typical_volume": 7408.7, "trend": 77.316, "fair_value": 63.718494, "relative_strength": -4.60239, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -65.211124, "energy": 86.85621, "activity_lines": [ 71.353999, 74.336999, 77.569499, 77.860687 ] }, { "date": "2025-04-11", "close": 68.555, "volume": 193761, "typical_volume": 16989.1, "trend": 77.225666, "fair_value": 63.750769, "relative_strength": -2.811051, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.809959, "energy": 80.963667, "activity_lines": [ 70.144666, 72.792817, 76.563523, 77.295462 ] }, { "date": "2025-04-18", "close": 68.849998, "volume": 3241, "typical_volume": 17145.4, "trend": 77.113166, "fair_value": 63.790417, "relative_strength": -6.045753, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.67603, "energy": 82.264469, "activity_lines": [ 69.412666, 71.601999, 75.626118, 76.755096 ] }, { "date": "2025-04-25", "close": 72.775002, "volume": 532, "typical_volume": 17107.5, "trend": 77.046166, "fair_value": 63.877981, "relative_strength": -2.403249, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.604412, "energy": 62.483493, "activity_lines": [ 70.258667, 71.367818, 75.108618, 76.475214 ] }, { "date": "2025-05-02", "close": 74.239998, "volume": 929, "typical_volume": 16936.25, "trend": 77.098333, "fair_value": 63.99125, "relative_strength": -2.590049, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.596391, "energy": 47.149861, "activity_lines": [ 71.601333, 71.587272, 74.777094, 76.294171 ] }, { "date": "2025-05-09", "close": 74.860001, "volume": 141949, "typical_volume": 23931.05, "trend": 77.166666, "fair_value": 64.123045, "relative_strength": -1.42506, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.887617, "energy": 29.898673, "activity_lines": [ 73.056, 72.046363, 74.548309, 76.149763 ] }, { "date": "2025-05-16", "close": 79.224998, "volume": 1180, "typical_volume": 23971.35, "trend": 77.373833, "fair_value": 64.30141, "relative_strength": 2.562352, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -8.903497, "energy": 24.51489, "activity_lines": [ 75.512333, 73.356454, 74.769952, 76.282558 ] }, { "date": "2025-05-23", "close": 77.410004, "volume": 279, "typical_volume": 23970.85, "trend": 77.506166, "fair_value": 64.444167, "relative_strength": -0.323046, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.787388, "energy": 27.548234, "activity_lines": [ 76.652334, 74.245909, 74.834262, 76.284892 ] }, { "date": "2025-05-30", "close": 78.889999, "volume": 452, "typical_volume": 23327.6, "trend": 77.688, "fair_value": 64.593365, "relative_strength": 0.759646, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 25.84433, "energy": 34.88043, "activity_lines": [ 77.715, 75.322364, 75.054, 76.374172 ] }, { "date": "2025-06-06", "close": 78.410004, "volume": 120979, "typical_volume": 29340.85, "trend": 77.7295, "fair_value": 64.758558, "relative_strength": -0.71117, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 23.571654, "energy": 36.168378, "activity_lines": [ 78.210002, 76.202637, 75.228667, 76.420752 ] }, { "date": "2025-06-13", "close": 78.349998, "volume": 5809, "typical_volume": 29609.5, "trend": 77.797333, "fair_value": 64.942115, "relative_strength": -1.048459, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 21.625287, "energy": 35.421579, "activity_lines": [ 78.407001, 76.970364, 75.416929, 76.460785 ] }, { "date": "2025-06-20", "close": 77.089996, "volume": 1561, "typical_volume": 29644.95, "trend": 77.798499, "fair_value": 65.097468, "relative_strength": -1.894063, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 19.478642, "energy": 28.496324, "activity_lines": [ 77.951332, 77.321909, 75.511, 76.41515 ] }, { "date": "2025-06-27", "close": 80.144997, "volume": 1003, "typical_volume": 29484.8, "trend": 77.852333, "fair_value": 65.287404, "relative_strength": 1.588392, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 31.669573, "energy": 32.367203, "activity_lines": [ 78.656331, 78.073726, 75.93388, 76.566537 ] }, { "date": "2025-07-04", "close": 80.57, "volume": 107399, "typical_volume": 34821.1, "trend": 77.786999, "fair_value": 65.462564, "relative_strength": 1.75201, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.238732, "energy": 36.511499, "activity_lines": [ 79.320665, 78.697454, 76.407095, 76.74187 ] }, { "date": "2025-07-11", "close": 80.625, "volume": 31944, "typical_volume": 34767.85, "trend": 77.693999, "fair_value": 65.643686, "relative_strength": 0.424067, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.115978, "energy": 50.918506, "activity_lines": [ 79.891332, 79.189454, 76.897476, 76.924967 ] }, { "date": "2025-07-18", "close": 80.705002, "volume": 1656, "typical_volume": 34672.0, "trend": 77.645833, "fair_value": 65.8025, "relative_strength": -0.130558, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.1567, "energy": 63.382071, "activity_lines": [ 80.341, 79.579909, 77.398309, 77.119225 ] }, { "date": "2025-07-25", "close": 82.449997, "volume": 2179, "typical_volume": 34681.0, "trend": 77.644666, "fair_value": 65.961538, "relative_strength": 0.427989, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 51.988453, "energy": 73.632408, "activity_lines": [ 81.215333, 80.181363, 78.052523, 77.429171 ] }, { "date": "2025-08-01", "close": 78.555, "volume": 332, "typical_volume": 34595.2, "trend": 77.581499, "fair_value": 66.089711, "relative_strength": -3.906209, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.64579, "energy": 46.367819, "activity_lines": [ 80.434, 80.015999, 78.29669, 77.487903 ] }, { "date": "2025-08-08", "close": 81.724998, "volume": 1189, "typical_volume": 34530.45, "trend": 77.671499, "fair_value": 66.228429, "relative_strength": -0.531306, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.099373, "energy": 49.558561, "activity_lines": [ 80.815332, 80.406181, 78.815809, 77.755225 ] }, { "date": "2025-08-15", "close": 83.660004, "volume": 1132, "typical_volume": 34551.15, "trend": 77.711333, "fair_value": 66.38407, "relative_strength": 1.151928, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.512921, "energy": 67.656062, "activity_lines": [ 81.764667, 81.096636, 79.47719, 78.14158 ] }, { "date": "2025-08-22", "close": 84.644997, "volume": 304, "typical_volume": 30890.5, "trend": 77.740499, "fair_value": 66.558942, "relative_strength": 0.210586, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.971351, "energy": 68.971014, "activity_lines": [ 82.839999, 81.870727, 80.180761, 78.588914 ] }, { "date": "2025-08-29", "close": 83.919998, "volume": 330, "typical_volume": 21218.95, "trend": 77.703166, "fair_value": 66.736987, "relative_strength": 0.634174, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.111523, "energy": 84.036534, "activity_lines": [ 83.410999, 82.398545, 80.736309, 78.987591 ] }, { "date": "2025-09-05", "close": 85.230003, "volume": 199, "typical_volume": 21066.85, "trend": 77.803666, "fair_value": 66.915385, "relative_strength": 1.777888, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.543366, "energy": 88.00217, "activity_lines": [ 84.320667, 83.040364, 81.343452, 79.473193 ] }, { "date": "2025-09-12", "close": 86.044998, "volume": 1490, "typical_volume": 21114.75, "trend": 77.902666, "fair_value": 67.113878, "relative_strength": 1.778974, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.429059, "energy": 89.130585, "activity_lines": [ 85.057, 83.737909, 81.950214, 80.004892 ] }, { "date": "2025-09-19", "close": 87.474998, "volume": 2614, "typical_volume": 21199.0, "trend": 78.111166, "fair_value": 67.343333, "relative_strength": 4.060994, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.151853, "energy": 89.491969, "activity_lines": [ 85.981999, 84.595908, 82.629976, 80.622462 ] }, { "date": "2025-09-26", "close": 86.105003, "volume": 241, "typical_volume": 14113.6, "trend": 78.380833, "fair_value": 67.565577, "relative_strength": 1.618664, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.178589, "energy": 80.184765, "activity_lines": [ 86.196, 85.080273, 83.116238, 81.138193 ] }, { "date": "2025-10-03", "close": 86.699997, "volume": 233, "typical_volume": 14066.25, "trend": 78.796166, "fair_value": 67.796346, "relative_strength": 0.019204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.056366, "energy": 72.29225, "activity_lines": [ 86.510999, 85.574636, 83.605619, 81.674914 ] }, { "date": "2025-10-10", "close": 84.160004, "volume": 6078, "typical_volume": 14356.2, "trend": 79.171666, "fair_value": 68.017852, "relative_strength": -2.275677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.942145, "energy": 55.416951, "activity_lines": [ 85.794001, 85.529909, 83.8175, 82.020968 ] }, { "date": "2025-10-17", "close": 84.735001, "volume": 706, "typical_volume": 14368.9, "trend": 79.566166, "fair_value": 68.239711, "relative_strength": -0.908633, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.221382, "energy": 40.112611, "activity_lines": [ 85.340001, 85.487819, 84.052, 82.379892 ] }, { "date": "2025-10-24", "close": 86.040001, "volume": 114, "typical_volume": 8325.65, "trend": 80.006833, "fair_value": 68.46484, "relative_strength": -2.421573, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.069187, "energy": 37.995501, "activity_lines": [ 85.408335, 85.628273, 84.382953, 82.797559 ] }, { "date": "2025-10-31", "close": 88.014999, "volume": 1257, "typical_volume": 8098.05, "trend": 80.672, "fair_value": 68.70984, "relative_strength": -0.934306, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.573874, "energy": 49.907544, "activity_lines": [ 86.230667, 86.084546, 84.865667, 83.314215 ] }, { "date": "2025-11-07", "close": 85.894997, "volume": 7777, "typical_volume": 8408.85, "trend": 81.25, "fair_value": 68.920705, "relative_strength": -2.833388, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.630323, "energy": 44.3557, "activity_lines": [ 86.218999, 86.094091, 85.100452, 83.651183 ] }, { "date": "2025-11-14", "close": 86.065002, "volume": 1686, "typical_volume": 8443.0, "trend": 81.823833, "fair_value": 69.138237, "relative_strength": -2.678746, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.87552, "energy": 43.491453, "activity_lines": [ 86.317667, 86.098637, 85.3095, 83.961828 ] }, { "date": "2025-11-21", "close": 82.07, "volume": 128, "typical_volume": 3079.45, "trend": 82.133666, "fair_value": 69.325577, "relative_strength": -5.508237, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.452325, "energy": 15.114402, "activity_lines": [ 84.957667, 85.361637, 85.109881, 83.97771 ] }, { "date": "2025-11-28", "close": 86.235001, "volume": 742, "typical_volume": 1519.35, "trend": 82.5335, "fair_value": 69.533526, "relative_strength": -2.434993, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.170635, "energy": 19.234177, "activity_lines": [ 85.163667, 85.454182, 85.299786, 84.242312 ] }, { "date": "2025-12-05", "close": 87.014999, "volume": 57, "typical_volume": 1439.4, "trend": 82.938666, "fair_value": 69.75516, "relative_strength": -0.812201, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.342284, "energy": 21.331654, "activity_lines": [ 85.616667, 85.711091, 85.537262, 84.531441 ] }, { "date": "2025-12-12", "close": 87.0, "volume": 2538, "typical_volume": 1457.35, "trend": 83.197833, "fair_value": 69.989679, "relative_strength": -0.426293, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.064979, "energy": 25.844396, "activity_lines": [ 86.131333, 85.948727, 85.743262, 84.793462 ] }, { "date": "2025-12-19", "close": 88.360001, "volume": 3392, "typical_volume": 1610.35, "trend": 83.562833, "fair_value": 70.241602, "relative_strength": -1.148861, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.767793, "energy": 49.608265, "activity_lines": [ 87.025667, 86.428182, 86.057119, 85.126505 ] }, { "date": "2025-12-26", "close": 88.675003, "volume": 845, "typical_volume": 1593.15, "trend": 83.889, "fair_value": 70.49484, "relative_strength": -0.286607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.135485, "energy": 64.35435, "activity_lines": [ 87.872001, 86.888546, 86.354286, 85.456323 ] }, { "date": "2026-01-02", "close": 86.690002, "volume": 253, "typical_volume": 1549.2, "trend": 84.165, "fair_value": 70.726827, "relative_strength": -3.084799, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.65049, "energy": 54.566087, "activity_lines": [ 87.616335, 86.916365, 86.42931, 85.637033 ] }, { "date": "2026-01-09", "close": 90.025002, "volume": 840, "typical_volume": 1576.0, "trend": 84.554167, "fair_value": 70.962949, "relative_strength": -0.93512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.02376, "energy": 65.657006, "activity_lines": [ 88.442002, 87.538729, 86.807525, 86.015097 ] }, { "date": "2026-01-16", "close": 88.525002, "volume": 700, "typical_volume": 1594.5, "trend": 84.935334, "fair_value": 71.189391, "relative_strength": -3.422715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.458542, "energy": 50.049828, "activity_lines": [ 88.567002, 87.85182, 87.017263, 86.27128 ] }, { "date": "2026-01-23", "close": 88.565002, "volume": 533, "typical_volume": 1611.2, "trend": 85.216, "fair_value": 71.398045, "relative_strength": -2.268384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.427067, "energy": 37.45614, "activity_lines": [ 88.603669, 88.124365, 87.208882, 86.505452 ] }, { "date": "2026-01-30", "close": 87.5, "volume": 1256, "typical_volume": 1599.5, "trend": 85.447, "fair_value": 71.584679, "relative_strength": -3.942632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.009963, "energy": 34.967159, "activity_lines": [ 88.271668, 88.15782, 87.283191, 86.652807 ] }, { "date": "2026-02-06", "close": 84.0, "volume": 1581, "typical_volume": 1547.85, "trend": 85.5595, "fair_value": 71.764455, "relative_strength": -8.820441, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 8.378056, "energy": 8.646563, "activity_lines": [ 86.851334, 87.456183, 87.017239, 86.559452 ] }, { "date": "2026-02-13", "close": 84.084999, "volume": 197, "typical_volume": 1545.65, "trend": 85.672167, "fair_value": 71.942596, "relative_strength": -9.109388, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -14.86474, "energy": 20.897449, "activity_lines": [ 85.638667, 86.810637, 86.775929, 86.464323 ] }, { "date": "2026-02-20", "close": 84.199997, "volume": 1908, "typical_volume": 1629.4, "trend": 85.7305, "fair_value": 72.133365, "relative_strength": -10.742446, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -26.538839, "energy": 33.829361, "activity_lines": [ 84.860332, 86.239273, 86.555191, 86.369344 ] }, { "date": "2026-02-27", "close": 84.139999, "volume": 2049, "typical_volume": 1427.95, "trend": 85.916667, "fair_value": 72.31641, "relative_strength": -12.416533, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -27.049964, "energy": 50.45419, "activity_lines": [ 84.350332, 85.707909, 86.340643, 86.266731 ] }, { "date": "2026-03-06", "close": 81.82, "volume": 1028, "typical_volume": 1444.05, "trend": 85.919834, "fair_value": 72.492436, "relative_strength": -9.531133, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.341754, "energy": 66.931039, "activity_lines": [ 83.361999, 84.831454, 85.905238, 86.00243 ] }, { "date": "2026-03-13", "close": 79.675003, "volume": 86676, "typical_volume": 5772.15, "trend": 85.787, "fair_value": 72.659071, "relative_strength": -11.568795, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.787993, "energy": 84.276159, "activity_lines": [ 82.037334, 83.689636, 85.279429, 85.599538 ] }, { "date": "2026-03-20", "close": 77.440002, "volume": 2081, "typical_volume": 5813.35, "trend": 85.546834, "fair_value": 72.808846, "relative_strength": -10.956382, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -89.933525, "energy": 90.915781, "activity_lines": [ 80.256001, 82.269, 84.471072, 85.061022 ] }, { "date": "2026-03-27", "close": 76.160004, "volume": 4795, "typical_volume": 5664.25, "trend": 85.288167, "fair_value": 72.931122, "relative_strength": -12.712362, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -86.78794, "energy": 92.899679, "activity_lines": [ 78.491002, 80.844456, 83.591168, 84.45542 ] }, { "date": "2026-04-03", "close": 78.309998, "volume": 2479, "typical_volume": 5703.9, "trend": 85.0575, "fair_value": 73.074968, "relative_strength": -14.102275, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.198809, "energy": 84.08875, "activity_lines": [ 77.978668, 80.035637, 82.962382, 84.005216 ] }, { "date": "2026-04-10", "close": 82.279999, "volume": 20791, "typical_volume": 6737.05, "trend": 84.932001, "fair_value": 73.237532, "relative_strength": -10.97981, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.630612, "energy": 55.625897, "activity_lines": [ 79.178334, 80.135091, 82.74862, 83.826022 ] }, { "date": "2026-04-17", "close": 87.639999, "volume": 2041, "typical_volume": 6802.0, "trend": 84.937501, "fair_value": 73.432564, "relative_strength": -5.755529, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.497033, "energy": 17.375677, "activity_lines": [ 82.134, 81.304, 83.044334, 84.000732 ] }, { "date": "2026-04-24", "close": 85.175003, "volume": 3148, "typical_volume": 6956.55, "trend": 84.906501, "fair_value": 73.612596, "relative_strength": -5.768536, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -17.079758, "energy": 22.811968, "activity_lines": [ 83.737001, 81.958546, 83.098596, 84.016054 ] }, { "date": "2026-05-01", "close": 86.0, "volume": 2713, "typical_volume": 6965.3, "trend": 84.883167, "fair_value": 73.796955, "relative_strength": -4.645085, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 10.220985, "energy": 27.981166, "activity_lines": [ 85.099334, 82.743273, 83.240191, 84.086603 ] }, { "date": "2026-05-08", "close": 87.400002, "volume": 2212, "typical_volume": 6906.3, "trend": 84.991167, "fair_value": 73.987724, "relative_strength": -1.808604, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 29.747161, "energy": 38.640123, "activity_lines": [ 86.272334, 83.749819, 83.519882, 84.248979 ] }, { "date": "2026-05-15", "close": 84.985001, "volume": 6555, "typical_volume": 7191.8, "trend": 84.999501, "fair_value": 74.156763, "relative_strength": -4.00174, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 19.430892, "energy": 29.401673, "activity_lines": [ 86.034335, 84.258001, 83.574144, 84.248581 ] }, { "date": "2026-05-22", "close": 86.724998, "volume": 3769, "typical_volume": 7367.6, "trend": 85.022334, "fair_value": 74.340481, "relative_strength": -4.446314, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.923435, "energy": 34.411351, "activity_lines": [ 86.196, 85.025, 83.811691, 84.359904 ] }, { "date": "2026-05-29", "close": 88.415001, "volume": 4595, "typical_volume": 7555.35, "trend": 85.035667, "fair_value": 74.525385, "relative_strength": -1.942291, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 33.07464, "energy": 39.122181, "activity_lines": [ 86.982, 85.971091, 84.210024, 84.578785 ] }, { "date": "2026-06-05", "close": 84.800003, "volume": 25280, "typical_volume": 8784.35, "trend": 84.999167, "fair_value": 74.680705, "relative_strength": -5.43231, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 17.810394, "energy": 19.893773, "activity_lines": [ 86.347001, 86.060364, 84.271739, 84.563581 ] }, { "date": "2026-06-12", "close": 83.985001, "volume": 0, "typical_volume": 8757.7, "trend": 84.929834, "fair_value": 74.815833, "relative_strength": -7.095854, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 0.822935, "energy": 9.886552, "activity_lines": [ 85.520334, 85.844365, 84.273572, 84.498151 ] }, { "date": "2026-06-19", "close": 84.514999, "volume": 0, "typical_volume": 8694.9, "trend": 85.011334, "fair_value": 74.961635, "relative_strength": -5.398838, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -1.632109, "energy": 5.033719, "activity_lines": [ 85.098001, 85.621546, 84.347691, 84.471388 ] }, { "date": "2026-06-26", "close": 83.209999, "volume": 0, "typical_volume": 8615.85, "trend": 84.910501, "fair_value": 75.087949, "relative_strength": -7.897711, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -21.076314, "energy": 20.549884, "activity_lines": [ 84.272, 85.120819, 84.311739, 84.355173 ] }, { "date": "2026-07-03", "close": 85.230003, "volume": 0, "typical_volume": 8606.0, "trend": 84.851001, "fair_value": 75.230641, "relative_strength": -6.932887, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.517166, "energy": 11.49425, "activity_lines": [ 84.353668, 85.06791, 84.471929, 84.375786 ] }, { "date": "2026-07-10", "close": 85.489998, "volume": 42334, "typical_volume": 10627.3, "trend": 84.800667, "fair_value": 75.359359, "relative_strength": -4.846795, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 5.34303, "energy": 8.527819, "activity_lines": [ 84.734333, 85.061273, 84.651429, 84.417011 ] }, { "date": "2026-07-17", "close": 84.93, "volume": 6854, "typical_volume": 10867.55, "trend": 84.686334, "fair_value": 75.491218, "relative_strength": -6.18648, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 1.965376, "energy": 4.888527, "activity_lines": [ 84.882333, 84.962091, 84.771453, 84.425355 ] }, { "date": "2026-07-24", "close": 80.300003, "volume": 3410, "typical_volume": 10986.65, "trend": 84.407167, "fair_value": 75.589327, "relative_strength": -12.113801, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -41.214817, "energy": 30.998952, "activity_lines": [ 83.424001, 84.066001, 84.446763, 84.142366 ] }, { "date": "2026-07-31", "close": 85.220001, "volume": 963, "typical_volume": 6701.0, "trend": 84.358167, "fair_value": 75.719199, "relative_strength": -7.68971, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.46971, "energy": 9.231212, "activity_lines": [ 83.886668, 84.149637, 84.597882, 84.194807 ] }, { "date": "2026-08-07", "close": 88.839996, "volume": 31048, "typical_volume": 8149.35, "trend": 84.318667, "fair_value": 75.883397, "relative_strength": -3.878058, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.092624, "energy": 30.687441, "activity_lines": [ 85.421999, 84.918818, 85.067357, 84.483957 ] } ], "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." } } }