{ "ticker": { "uuid": "e81626d3-f7e0-4aac-b0be-78ead93a91da", "symbol": "SPXS", "name": "Invesco S&P 500 UCITS ETF", "exchange": "EBS", "country": "CH", "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": "^SSMI", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 83.782, "architecture_energy": 62.429, "architecture_maturity": 41.499, "architecture_confidence": 51.538, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 38.84, "rotation_up": 51.13, "upward_expansion": 78.56, "deceleration": 71.51, "rotation_down": 27.6, "downward_expansion": 9.9 }, "activity_lines": [ 15.166533, 15.085236, 14.941143, 14.646727 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.333333 }, "latest_close": 15.556, "trend_reference": 14.307467, "distance_from_trend": 0.087264, "trend_direction": "Weakening", "fair_value": 861.051767, "distance_from_fair_value": -0.981934, "fair_value_direction": "Improving", "relative_strength": -97.154041, "relative_strength_direction": "Improving", "price_momentum": 0.131675, "excess_performance": 0.048791, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.087264, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.948873, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.981934, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.002177, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.97154, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.010411, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.131675, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.667884, "read": "Demand-led" } ], "volume": { "latest": 2726778, "relative_activity": 2.11338, "balance": 1.667884, "dry_up": 1.704351, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.018415, "annualized_volatility": 0.131732, "from_high_reference": -0.988701, "from_low_reference": 0.220078 }, "levels": { "trend_reference": 14.307467, "fair_value_reference": 861.051767, "structural_low": 12.75, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 9, "median_return": 0.012514, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.022258, "regime_survival": 0.111111, "best_return": 0.069032, "worst_return": -0.045366, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.040376, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": -0.013077, "regime_survival": 0.0, "best_return": 0.119948, "worst_return": -0.089609, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.131121, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.069536, "regime_survival": 0.2, "best_return": 0.155278, "worst_return": 0.032223, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.121527, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.034519, "regime_survival": 0.0, "best_return": 0.311286, "worst_return": -0.155081, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-24", "end": "2024-08-09", "tenure": "Developing", "return": 0.011605, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-16", "end": "2024-08-30", "tenure": "New", "return": 0.012146, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-03", "tenure": "Established", "return": 0.090314, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-10", "end": "2025-01-31", "tenure": "New", "return": 0.05143, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-14", "tenure": "Developing", "return": -0.074173, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-21", "end": "2025-04-04", "tenure": "New", "return": -0.068431, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-16", "tenure": "Developing", "return": 0.122558, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-05-30", "tenure": "New", "return": 0.017434, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.042628, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-18", "end": "2025-12-12", "tenure": "Established", "return": 0.08752, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-05-29", "tenure": "Established", "return": 0.115272, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.018487, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-07-10", "tenure": "New", "return": 0.006645, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.037343, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 840.0, "volume": 38653, "typical_volume": 8224.8, "trend": 811.39, "fair_value": 776.20705, "relative_strength": 9.627643, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.42089, "energy": 48.829959, "activity_lines": [ 861.853333, 862.809089, 847.131904, 830.855053 ] }, { "date": "2023-08-25", "close": 852.900024, "volume": 2013, "typical_volume": 7904.8, "trend": 813.826668, "fair_value": 777.521153, "relative_strength": 9.930538, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.025687, "energy": 34.136404, "activity_lines": [ 856.653341, 861.467275, 849.220001, 833.533119 ] }, { "date": "2023-09-01", "close": 875.099976, "volume": 26052, "typical_volume": 8818.3, "trend": 816.466667, "fair_value": 779.139743, "relative_strength": 11.320289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 56.488055, "energy": 36.049665, "activity_lines": [ 860.61333, 864.170907, 853.101903, 837.486236 ] }, { "date": "2023-09-08", "close": 864.5, "volume": 2838, "typical_volume": 8887.9, "trend": 819.226666, "fair_value": 780.70064, "relative_strength": 10.999535, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.26181, "energy": 29.127631, "activity_lines": [ 861.693331, 864.314544, 855.604284, 840.585161 ] }, { "date": "2023-09-15", "close": 864.900024, "volume": 3127, "typical_volume": 8915.75, "trend": 822.046667, "fair_value": 782.270512, "relative_strength": 8.344314, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.338207, "energy": 37.716601, "activity_lines": [ 863.57334, 864.409094, 857.810001, 843.531829 ] }, { "date": "2023-09-22", "close": 841.200012, "volume": 5256, "typical_volume": 9129.8, "trend": 824.730001, "fair_value": 783.814743, "relative_strength": 6.942181, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.297076, "energy": 26.865596, "activity_lines": [ 857.480009, 859.690915, 857.425716, 844.767528 ] }, { "date": "2023-09-29", "close": 835.400024, "volume": 6904, "typical_volume": 9399.3, "trend": 826.860002, "fair_value": 785.20641, "relative_strength": 6.443792, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.800034, "energy": 11.376628, "activity_lines": [ 849.373348, 854.470918, 856.221433, 845.455917 ] }, { "date": "2023-10-06", "close": 820.400024, "volume": 2966, "typical_volume": 9292.35, "trend": 829.123336, "fair_value": 786.350641, "relative_strength": 5.526296, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -15.413542, "energy": 28.251478, "activity_lines": [ 837.433353, 847.32183, 853.410483, 845.039144 ] }, { "date": "2023-10-13", "close": 845.299988, "volume": 6366, "typical_volume": 9197.3, "trend": 831.900002, "fair_value": 787.59423, "relative_strength": 7.794958, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.084569, "energy": 25.320017, "activity_lines": [ 837.44001, 845.872736, 852.93191, 846.082799 ] }, { "date": "2023-10-20", "close": 823.900024, "volume": 6369, "typical_volume": 8910.1, "trend": 834.130003, "fair_value": 788.751923, "relative_strength": 10.297976, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -31.715649, "energy": 46.236435, "activity_lines": [ 831.593347, 841.063648, 850.199531, 845.566672 ] }, { "date": "2023-10-27", "close": 803.5, "volume": 5232, "typical_volume": 9014.6, "trend": 834.88667, "fair_value": 790.021154, "relative_strength": 7.559963, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.543026, "energy": 63.77831, "activity_lines": [ 821.680009, 833.270919, 845.501911, 843.590542 ] }, { "date": "2023-11-03", "close": 847.099976, "volume": 11059, "typical_volume": 9231.85, "trend": 836.93667, "fair_value": 791.276282, "relative_strength": 10.246766, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -16.081251, "energy": 22.814931, "activity_lines": [ 828.81333, 834.069095, 845.083337, 844.378498 ] }, { "date": "2023-11-10", "close": 847.799988, "volume": 4512, "typical_volume": 9353.45, "trend": 838.616669, "fair_value": 792.470513, "relative_strength": 10.23579, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.395505, "energy": 15.215623, "activity_lines": [ 835.399992, 835.100001, 844.761431, 845.079357 ] }, { "date": "2023-11-17", "close": 878.400024, "volume": 2732, "typical_volume": 9243.5, "trend": 841.423336, "fair_value": 793.841667, "relative_strength": 11.895506, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.092304, "energy": 25.783052, "activity_lines": [ 850.360002, 842.190913, 847.3181, 847.646025 ] }, { "date": "2023-11-24", "close": 886.400024, "volume": 1675, "typical_volume": 9092.2, "trend": 844.470003, "fair_value": 795.189103, "relative_strength": 11.074313, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.801073, "energy": 45.433268, "activity_lines": [ 865.780009, 850.483644, 850.538578, 850.547747 ] }, { "date": "2023-12-01", "close": 887.5, "volume": 1566, "typical_volume": 8893.7, "trend": 847.88667, "fair_value": 796.501282, "relative_strength": 10.763733, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 74.002104, "energy": 73.624768, "activity_lines": [ 877.400008, 858.58546, 853.62953, 853.323876 ] }, { "date": "2023-12-08", "close": 893.799988, "volume": 3446, "typical_volume": 8869.9, "trend": 851.080003, "fair_value": 797.885256, "relative_strength": 9.346072, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.226184, "energy": 83.152541, "activity_lines": [ 885.520003, 866.990911, 857.244767, 856.286025 ] }, { "date": "2023-12-15", "close": 918.799988, "volume": 3138, "typical_volume": 8704.4, "trend": 854.633335, "fair_value": 799.359615, "relative_strength": 10.817553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.985622, "energy": 90.499126, "activity_lines": [ 898.859998, 878.879999, 863.171908, 860.655057 ] }, { "date": "2023-12-22", "close": 925.900024, "volume": 6792, "typical_volume": 7101.7, "trend": 858.830003, "fair_value": 800.882692, "relative_strength": 11.626113, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.150193, "energy": 93.488921, "activity_lines": [ 909.833337, 890.270913, 869.613814, 865.252907 ] }, { "date": "2023-12-29", "close": 932.599976, "volume": 5142, "typical_volume": 7291.9, "trend": 862.610002, "fair_value": 802.400641, "relative_strength": 12.139397, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.907943, "energy": 93.261193, "activity_lines": [ 919.873328, 901.414544, 876.44905, 870.012261 ] }, { "date": "2024-01-05", "close": 917.900024, "volume": 6601, "typical_volume": 5689.3, "trend": 865.53667, "fair_value": 803.740385, "relative_strength": 9.434036, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.843318, "energy": 86.758009, "activity_lines": [ 921.933337, 907.909094, 881.556671, 873.579359 ] }, { "date": "2024-01-12", "close": 928.900024, "volume": 9090, "typical_volume": 6043.15, "trend": 868.053337, "fair_value": 805.188462, "relative_strength": 9.91248, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.747687, "energy": 86.004571, "activity_lines": [ 925.633345, 914.323644, 887.340958, 877.667317 ] }, { "date": "2024-01-19", "close": 935.0, "volume": 3336, "typical_volume": 4907.35, "trend": 871.210004, "fair_value": 806.614103, "relative_strength": 10.891023, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.517047, "energy": 83.825443, "activity_lines": [ 929.026676, 920.360006, 893.344291, 881.986457 ] }, { "date": "2024-01-26", "close": 954.599976, "volume": 7596, "typical_volume": 5145.25, "trend": 874.43667, "fair_value": 808.241026, "relative_strength": 10.412781, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 86.852719, "energy": 84.608639, "activity_lines": [ 937.873332, 928.374546, 900.92905, 887.366455 ] }, { "date": "2024-02-02", "close": 959.599976, "volume": 4224, "typical_volume": 5200.1, "trend": 878.516669, "fair_value": 809.761538, "relative_strength": 12.043922, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.30632, "energy": 93.904055, "activity_lines": [ 946.473324, 935.912723, 908.560952, 892.860862 ] }, { "date": "2024-02-09", "close": 975.200012, "volume": 5644, "typical_volume": 5219.5, "trend": 881.970003, "fair_value": 811.329487, "relative_strength": 14.872871, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.200754, "energy": 95.440689, "activity_lines": [ 958.473328, 944.956362, 917.22762, 899.098497 ] }, { "date": "2024-02-16", "close": 976.900024, "volume": 7728, "typical_volume": 5260.7, "trend": 885.223338, "fair_value": 812.90641, "relative_strength": 12.363405, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.643132, "energy": 94.327252, "activity_lines": [ 967.220003, 952.714549, 925.418098, 905.223014 ] }, { "date": "2024-02-23", "close": 991.0, "volume": 29148, "typical_volume": 6569.8, "trend": 888.760004, "fair_value": 814.703846, "relative_strength": 11.632203, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.924259, "energy": 95.307507, "activity_lines": [ 977.466671, 961.525457, 934.277621, 912.047315 ] }, { "date": "2024-03-01", "close": 996.599976, "volume": 6761, "typical_volume": 6589.55, "trend": 892.830003, "fair_value": 816.54359, "relative_strength": 11.796215, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.764185, "energy": 92.199224, "activity_lines": [ 985.846663, 970.041816, 942.858095, 919.004733 ] }, { "date": "2024-03-08", "close": 1006.400024, "volume": 3592, "typical_volume": 6450.7, "trend": 897.583337, "fair_value": 818.298077, "relative_strength": 10.956271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.486609, "energy": 89.034212, "activity_lines": [ 994.693339, 979.054548, 951.651431, 926.331831 ] }, { "date": "2024-03-15", "close": 999.200012, "volume": 3290, "typical_volume": 6353.6, "trend": 902.890004, "fair_value": 820.038462, "relative_strength": 9.516241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.687125, "energy": 69.736133, "activity_lines": [ 998.020007, 985.416367, 958.890003, 932.887745 ] }, { "date": "2024-03-22", "close": 1021.799988, "volume": 2545, "typical_volume": 5927.9, "trend": 908.520003, "fair_value": 821.882693, "relative_strength": 11.771248, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.449711, "energy": 75.499339, "activity_lines": [ 1007.280001, 994.409092, 967.349049, 940.559357 ] }, { "date": "2024-03-29", "close": 1026.199951, "volume": 4616, "typical_volume": 5933.1, "trend": 913.556669, "fair_value": 823.666026, "relative_strength": 11.034392, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.98664, "energy": 74.261398, "activity_lines": [ 1015.013318, 1002.51272, 975.395235, 948.151612 ] }, { "date": "2024-04-05", "close": 1012.400024, "volume": 10087, "typical_volume": 6300.85, "trend": 918.48667, "fair_value": 825.247436, "relative_strength": 11.285112, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.240958, "energy": 68.047279, "activity_lines": [ 1015.799996, 1006.449089, 981.277618, 954.528602 ] }, { "date": "2024-04-12", "close": 1011.799988, "volume": 3357, "typical_volume": 6384.95, "trend": 923.383335, "fair_value": 826.728205, "relative_strength": 11.849012, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.766379, "energy": 67.272771, "activity_lines": [ 1015.333325, 1009.22545, 986.46476, 960.548817 ] }, { "date": "2024-04-19", "close": 979.400024, "volume": 5287, "typical_volume": 6571.0, "trend": 927.990002, "fair_value": 828.041667, "relative_strength": 8.607378, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.177201, "energy": 56.487713, "activity_lines": [ 1003.706669, 1005.161818, 987.969048, 964.162796 ] }, { "date": "2024-04-26", "close": 996.799988, "volume": 16023, "typical_volume": 7199.85, "trend": 933.370001, "fair_value": 829.416667, "relative_strength": 9.58535, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.789923, "energy": 42.772947, "activity_lines": [ 999.2, 1004.185452, 990.692856, 968.60215 ] }, { "date": "2024-05-03", "close": 1000.599976, "volume": 4144, "typical_volume": 7250.15, "trend": 939.376666, "fair_value": 830.757052, "relative_strength": 10.149505, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.924572, "energy": 33.078923, "activity_lines": [ 997.62666, 1003.538176, 993.288092, 972.939568 ] }, { "date": "2024-05-10", "close": 1021.0, "volume": 9859, "typical_volume": 7403.5, "trend": 945.233333, "fair_value": 832.319231, "relative_strength": 7.340424, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.33434, "energy": 39.714963, "activity_lines": [ 1004.559994, 1006.425449, 997.436664, 978.20559 ] }, { "date": "2024-05-17", "close": 1037.0, "volume": 10951, "typical_volume": 7693.95, "trend": 952.336666, "fair_value": 833.964103, "relative_strength": 6.045865, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.893751, "energy": 59.408699, "activity_lines": [ 1016.253329, 1011.778177, 1002.656187, 984.12602 ] }, { "date": "2024-05-24", "close": 1034.0, "volume": 3754, "typical_volume": 7551.6, "trend": 960.019999, "fair_value": 835.537821, "relative_strength": 6.261056, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.612467, "energy": 63.56141, "activity_lines": [ 1025.266663, 1016.029087, 1007.092854, 989.394622 ] }, { "date": "2024-05-31", "close": 1020.400024, "volume": 3458, "typical_volume": 7270.0, "trend": 965.796667, "fair_value": 837.014103, "relative_strength": 3.929735, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.260027, "energy": 58.498442, "activity_lines": [ 1026.106673, 1017.174547, 1009.681428, 993.290107 ] }, { "date": "2024-06-07", "close": 1045.199951, "volume": 4923, "typical_volume": 7349.35, "trend": 972.376666, "fair_value": 838.628205, "relative_strength": 3.968244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.385163, "energy": 71.563531, "activity_lines": [ 1033.63999, 1022.854539, 1014.196186, 998.4129 ] }, { "date": "2024-06-14", "close": 1063.199951, "volume": 4069, "typical_volume": 7173.0, "trend": 978.536664, "fair_value": 840.421154, "relative_strength": 7.269158, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.053833, "energy": 76.320949, "activity_lines": [ 1044.199975, 1031.461803, 1019.900467, 1004.272467 ] }, { "date": "2024-06-21", "close": 1071.0, "volume": 1701, "typical_volume": 7046.85, "trend": 984.689996, "fair_value": 842.150641, "relative_strength": 7.981361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.625798, "energy": 79.783924, "activity_lines": [ 1054.546647, 1040.563623, 1025.830468, 1010.237843 ] }, { "date": "2024-06-28", "close": 1076.400024, "volume": 4164, "typical_volume": 6972.85, "trend": 990.986664, "fair_value": 843.846153, "relative_strength": 8.35229, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.554837, "energy": 89.363046, "activity_lines": [ 1064.42666, 1049.570902, 1031.74428, 1016.154619 ] }, { "date": "2024-07-05", "close": 1087.400024, "volume": 5010, "typical_volume": 6836.95, "trend": 997.439998, "fair_value": 845.605128, "relative_strength": 9.003515, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.082917, "energy": 91.063902, "activity_lines": [ 1075.146671, 1058.814544, 1038.223806, 1022.374836 ] }, { "date": "2024-07-12", "close": 1104.199951, "volume": 4203, "typical_volume": 5589.7, "trend": 1003.619997, "fair_value": 847.426923, "relative_strength": 7.204434, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.748131, "energy": 93.428083, "activity_lines": [ 1086.999992, 1069.465445, 1045.777135, 1029.262575 ] }, { "date": "2024-07-19", "close": 1085.0, "volume": 2331, "typical_volume": 5368.2, "trend": 1008.92333, "fair_value": 849.092948, "relative_strength": 6.736568, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.854656, "energy": 84.322554, "activity_lines": [ 1088.519995, 1074.74181, 1050.96285, 1034.512898 ] }, { "date": "2024-07-26", "close": 1068.0, "volume": 2332, "typical_volume": 5305.2, "trend": 1013.436664, "fair_value": 850.652564, "relative_strength": 4.262671, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.292756, "energy": 63.615172, "activity_lines": [ 1082.919995, 1075.76363, 1054.108565, 1038.324296 ] }, { "date": "2024-08-02", "close": 1041.0, "volume": 2185, "typical_volume": 5249.95, "trend": 1017.539996, "fair_value": 851.998717, "relative_strength": 4.545683, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.19335, "energy": 42.266622, "activity_lines": [ 1068.519995, 1071.312722, 1054.389518, 1040.102575 ] }, { "date": "2024-08-09", "close": 1046.0, "volume": 4938, "typical_volume": 5369.6, "trend": 1021.443329, "fair_value": 853.335256, "relative_strength": 4.887283, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.503231, "energy": 25.448212, "activity_lines": [ 1058.146663, 1067.643632, 1054.947614, 1041.938705 ] }, { "date": "2024-08-16", "close": 1086.800049, "volume": 4269, "typical_volume": 5352.25, "trend": 1026.50333, "fair_value": 854.96859, "relative_strength": 5.809889, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 51.392955, "energy": 29.033753, "activity_lines": [ 1064.13335, 1070.927279, 1059.27619, 1046.155267 ] }, { "date": "2024-08-23", "close": 1098.400024, "volume": 1985, "typical_volume": 4947.15, "trend": 1031.296665, "fair_value": 856.596795, "relative_strength": 5.297403, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.338035, "energy": 34.023164, "activity_lines": [ 1075.146688, 1075.563647, 1064.420955, 1050.793764 ] }, { "date": "2024-08-30", "close": 1100.0, "volume": 1976, "typical_volume": 4878.1, "trend": 1035.976666, "fair_value": 858.191026, "relative_strength": 4.470698, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.247168, "energy": 50.731494, "activity_lines": [ 1085.800016, 1079.850919, 1069.308574, 1055.226237 ] }, { "date": "2024-09-06", "close": 1069.599976, "volume": 5697, "typical_volume": 4898.6, "trend": 1039.123332, "fair_value": 859.635256, "relative_strength": 5.829541, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.788219, "energy": 46.207058, "activity_lines": [ 1084.18667, 1078.08364, 1070.880953, 1057.395483 ] }, { "date": "2024-09-13", "close": 1100.400024, "volume": 2440, "typical_volume": 4219.45, "trend": 1043.239998, "fair_value": 861.34359, "relative_strength": 7.36494, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.731616, "energy": 56.211534, "activity_lines": [ 1090.933341, 1082.040008, 1074.957146, 1061.348818 ] }, { "date": "2024-09-20", "close": 1116.800049, "volume": 7719, "typical_volume": 4398.2, "trend": 1047.433333, "fair_value": 863.152564, "relative_strength": 9.481868, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.546402, "energy": 64.318869, "activity_lines": [ 1099.52002, 1088.741835, 1080.101912, 1066.094627 ] }, { "date": "2024-09-27", "close": 1129.199951, "volume": 9600, "typical_volume": 4385.25, "trend": 1051.853332, "fair_value": 865.18141, "relative_strength": 7.59338, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.622224, "energy": 63.906621, "activity_lines": [ 1110.239998, 1097.469096, 1085.874288, 1071.369893 ] }, { "date": "2024-10-04", "close": 1125.400024, "volume": 1947, "typical_volume": 3935.05, "trend": 1055.819999, "fair_value": 867.083975, "relative_strength": 8.907233, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.363076, "energy": 74.386847, "activity_lines": [ 1117.640006, 1104.701827, 1090.769529, 1076.114841 ] }, { "date": "2024-10-11", "close": 1143.800049, "volume": 3373, "typical_volume": 3916.0, "trend": 1060.64, "fair_value": 869.033334, "relative_strength": 8.854685, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.536979, "energy": 81.021629, "activity_lines": [ 1129.480021, 1114.236379, 1096.9962, 1081.790973 ] }, { "date": "2024-10-18", "close": 1152.199951, "volume": 2347, "typical_volume": 3860.45, "trend": 1064.986666, "fair_value": 870.955128, "relative_strength": 7.786751, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.960209, "energy": 84.650505, "activity_lines": [ 1139.173332, 1123.429095, 1103.500005, 1087.698067 ] }, { "date": "2024-10-25", "close": 1152.400024, "volume": 2951, "typical_volume": 3761.85, "trend": 1069.193335, "fair_value": 872.801923, "relative_strength": 8.664928, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.680482, "energy": 84.855614, "activity_lines": [ 1145.480005, 1130.727279, 1109.395245, 1093.337638 ] }, { "date": "2024-11-01", "close": 1131.800049, "volume": 3785, "typical_volume": 3747.65, "trend": 1073.173336, "fair_value": 874.378847, "relative_strength": 8.308731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.9835, "energy": 73.599155, "activity_lines": [ 1142.546688, 1133.087287, 1112.818106, 1097.376781 ] }, { "date": "2024-11-08", "close": 1178.400024, "volume": 9855, "typical_volume": 4155.35, "trend": 1078.72667, "fair_value": 876.287821, "relative_strength": 13.897387, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.893785, "energy": 82.641755, "activity_lines": [ 1154.973356, 1143.312744, 1120.352394, 1104.1656 ] }, { "date": "2024-11-15", "close": 1157.599976, "volume": 7213, "typical_volume": 4307.8, "trend": 1084.666669, "fair_value": 878.011539, "relative_strength": 13.089157, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.580753, "energy": 67.357689, "activity_lines": [ 1156.933341, 1148.330919, 1125.394295, 1109.2542 ] }, { "date": "2024-11-22", "close": 1175.800049, "volume": 9794, "typical_volume": 4547.0, "trend": 1090.633337, "fair_value": 879.973078, "relative_strength": 13.521941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.462162, "energy": 65.836565, "activity_lines": [ 1164.040023, 1155.058199, 1131.782871, 1115.133773 ] }, { "date": "2024-11-29", "close": 1187.800049, "volume": 5157, "typical_volume": 4594.7, "trend": 1096.87334, "fair_value": 882.121155, "relative_strength": 13.734282, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.522763, "energy": 82.061757, "activity_lines": [ 1173.573364, 1162.596387, 1138.893351, 1121.402593 ] }, { "date": "2024-12-06", "close": 1201.800049, "volume": 7579, "typical_volume": 4857.1, "trend": 1102.900008, "fair_value": 884.181412, "relative_strength": 14.386656, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.559562, "energy": 88.142622, "activity_lines": [ 1185.413371, 1171.38912, 1146.939068, 1128.172058 ] }, { "date": "2024-12-13", "close": 1191.0, "volume": 6362, "typical_volume": 5058.6, "trend": 1108.033341, "fair_value": 886.221155, "relative_strength": 13.710272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.422202, "energy": 86.042404, "activity_lines": [ 1188.986694, 1176.898207, 1153.400019, 1133.855929 ] }, { "date": "2024-12-20", "close": 1171.599976, "volume": 8318, "typical_volume": 5365.25, "trend": 1112.620007, "fair_value": 888.01154, "relative_strength": 14.4104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.288203, "energy": 63.8298, "activity_lines": [ 1185.253345, 1177.687289, 1157.427634, 1137.957002 ] }, { "date": "2024-12-27", "close": 1176.400024, "volume": 1973, "typical_volume": 5217.0, "trend": 1117.820007, "fair_value": 889.753207, "relative_strength": 12.425596, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.960833, "energy": 55.614875, "activity_lines": [ 1182.186678, 1178.843655, 1161.290492, 1142.071842 ] }, { "date": "2025-01-03", "close": 1166.199951, "volume": 2587, "typical_volume": 5132.9, "trend": 1121.853341, "fair_value": 891.580771, "relative_strength": 10.68761, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.403918, "energy": 38.441904, "activity_lines": [ 1175.679989, 1177.70546, 1163.560962, 1145.193128 ] }, { "date": "2025-01-10", "close": 1147.199951, "volume": 7060, "typical_volume": 5386.65, "trend": 1124.653341, "fair_value": 893.298719, "relative_strength": 7.00379, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.449017, "energy": 24.402459, "activity_lines": [ 1164.279972, 1172.861812, 1163.643814, 1146.828394 ] }, { "date": "2025-01-17", "close": 1183.199951, "volume": 8768, "typical_volume": 5726.25, "trend": 1128.393339, "fair_value": 895.494231, "relative_strength": 8.196569, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.627691, "energy": 24.445373, "activity_lines": [ 1168.519962, 1174.28362, 1166.922856, 1150.605594 ] }, { "date": "2025-01-24", "close": 1207.199951, "volume": 10244, "typical_volume": 5953.6, "trend": 1132.753337, "fair_value": 898.007693, "relative_strength": 7.395868, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 70.222411, "energy": 39.357413, "activity_lines": [ 1181.279956, 1179.981794, 1172.091422, 1155.689892 ] }, { "date": "2025-01-31", "close": 1206.199951, "volume": 12834, "typical_volume": 6473.3, "trend": 1136.713334, "fair_value": 900.314103, "relative_strength": 4.440021, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 68.068675, "energy": 45.961979, "activity_lines": [ 1191.333284, 1184.596331, 1176.509513, 1160.428383 ] }, { "date": "2025-02-07", "close": 1197.199951, "volume": 11609, "typical_volume": 6667.8, "trend": 1139.813334, "fair_value": 902.527564, "relative_strength": 3.536475, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.074407, "energy": 54.824731, "activity_lines": [ 1196.399951, 1187.021779, 1179.566651, 1164.330745 ] }, { "date": "2025-02-14", "close": 1207.800049, "volume": 17697, "typical_volume": 7072.65, "trend": 1143.906669, "fair_value": 904.937179, "relative_strength": 2.282785, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.932035, "energy": 67.400549, "activity_lines": [ 1202.933317, 1191.203611, 1183.250466, 1168.716985 ] }, { "date": "2025-02-21", "close": 1202.199951, "volume": 9764, "typical_volume": 7463.5, "trend": 1148.380001, "fair_value": 907.417948, "relative_strength": 0.813555, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.177976, "energy": 59.39283, "activity_lines": [ 1203.559977, 1194.258152, 1186.026651, 1172.477842 ] }, { "date": "2025-02-28", "close": 1158.199951, "volume": 31147, "typical_volume": 8852.2, "trend": 1152.286666, "fair_value": 909.62564, "relative_strength": -3.341054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 27.671147, "energy": 20.486091, "activity_lines": [ 1188.253304, 1189.109057, 1184.246647, 1173.111387 ] }, { "date": "2025-03-07", "close": 1123.599976, "volume": 25113, "typical_volume": 9990.5, "trend": 1154.873332, "fair_value": 911.662819, "relative_strength": -6.736956, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -10.520383, "energy": 15.895555, "activity_lines": [ 1164.679972, 1177.912695, 1179.102836, 1171.260633 ] }, { "date": "2025-03-14", "close": 1108.400024, "volume": 21292, "typical_volume": 10907.55, "trend": 1155.593331, "fair_value": 913.420512, "relative_strength": -6.864474, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -38.217017, "energy": 39.594371, "activity_lines": [ 1141.546655, 1164.912706, 1172.647601, 1168.262355 ] }, { "date": "2025-03-21", "close": 1110.599976, "volume": 62658, "typical_volume": 13851.2, "trend": 1155.999996, "fair_value": 915.053845, "relative_strength": -7.758453, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.867296, "energy": 52.830159, "activity_lines": [ 1125.06665, 1153.363616, 1166.611409, 1165.359558 ] }, { "date": "2025-03-28", "close": 1105.599976, "volume": 12388, "typical_volume": 13977.85, "trend": 1156.186662, "fair_value": 916.641665, "relative_strength": -6.466442, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.606823, "energy": 70.958859, "activity_lines": [ 1113.399984, 1141.57089, 1160.199979, 1162.107944 ] }, { "date": "2025-04-04", "close": 1034.599976, "volume": 163612, "typical_volume": 21797.8, "trend": 1155.019995, "fair_value": 917.791024, "relative_strength": -3.534678, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -91.879948, "energy": 91.34912, "activity_lines": [ 1084.506649, 1118.279981, 1147.373311, 1154.263641 ] }, { "date": "2025-04-11", "close": 1044.400024, "volume": 30007, "typical_volume": 22808.45, "trend": 1153.153328, "fair_value": 919.107691, "relative_strength": 0.838172, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.623703, "energy": 85.206793, "activity_lines": [ 1067.119995, 1099.90908, 1136.065696, 1147.126869 ] }, { "date": "2025-04-18", "close": 1049.199951, "volume": 8905, "typical_volume": 22995.85, "trend": 1150.899992, "fair_value": 920.56346, "relative_strength": -2.423544, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.279955, "energy": 82.394413, "activity_lines": [ 1056.613314, 1085.35271, 1125.840931, 1140.4202 ] }, { "date": "2025-04-25", "close": 1085.599976, "volume": 16014, "typical_volume": 23417.6, "trend": 1149.446659, "fair_value": 922.400639, "relative_strength": -1.477151, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.58665, "energy": 62.661943, "activity_lines": [ 1062.186646, 1080.105436, 1119.742835, 1136.207295 ] }, { "date": "2025-05-02", "close": 1122.199951, "volume": 7654, "typical_volume": 23482.2, "trend": 1149.33999, "fair_value": 924.555126, "relative_strength": -0.804776, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.328078, "energy": 43.890416, "activity_lines": [ 1081.626636, 1083.734522, 1117.683785, 1134.449443 ] }, { "date": "2025-05-09", "close": 1120.800049, "volume": 10702, "typical_volume": 23601.4, "trend": 1148.573324, "fair_value": 926.85705, "relative_strength": 0.313495, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.992832, "energy": 25.761592, "activity_lines": [ 1099.493327, 1088.563625, 1115.81903, 1132.608157 ] }, { "date": "2025-05-16", "close": 1172.400024, "volume": 5952, "typical_volume": 23800.35, "trend": 1149.246659, "fair_value": 929.641665, "relative_strength": 2.633982, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -9.288687, "energy": 20.68512, "activity_lines": [ 1128.813338, 1103.454541, 1119.110463, 1134.145363 ] }, { "date": "2025-05-23", "close": 1147.199951, "volume": 5635, "typical_volume": 23952.75, "trend": 1149.073324, "fair_value": 931.997434, "relative_strength": 1.395401, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -15.454517, "energy": 25.580399, "activity_lines": [ 1141.199992, 1112.876352, 1120.020937, 1134.013317 ] }, { "date": "2025-05-30", "close": 1167.199951, "volume": 19257, "typical_volume": 24562.6, "trend": 1150.25332, "fair_value": 934.434613, "relative_strength": 2.701408, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 22.614248, "energy": 29.992903, "activity_lines": [ 1153.719979, 1125.229073, 1122.926649, 1135.182777 ] }, { "date": "2025-06-06", "close": 1187.0, "volume": 4016, "typical_volume": 24325.0, "trend": 1150.539986, "fair_value": 937.282049, "relative_strength": 3.040789, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.980954, "energy": 37.286354, "activity_lines": [ 1167.399984, 1140.152712, 1127.622841, 1137.553531 ] }, { "date": "2025-06-13", "close": 1183.199951, "volume": 7162, "typical_volume": 24170.9, "trend": 1151.393319, "fair_value": 940.385254, "relative_strength": 4.375586, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 28.88269, "energy": 49.099725, "activity_lines": [ 1175.493302, 1152.905433, 1131.939029, 1139.660625 ] }, { "date": "2025-06-20", "close": 1192.599976, "volume": 4913, "typical_volume": 23774.85, "trend": 1151.953316, "fair_value": 943.308331, "relative_strength": 7.389039, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 32.708981, "energy": 53.422585, "activity_lines": [ 1182.559969, 1164.665432, 1137.264743, 1142.319119 ] }, { "date": "2025-06-27", "close": 1222.599976, "volume": 6008, "typical_volume": 23494.8, "trend": 1153.113314, "fair_value": 946.517305, "relative_strength": 8.813025, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 41.707704, "energy": 60.717199, "activity_lines": [ 1198.279973, 1179.185432, 1145.512361, 1146.876968 ] }, { "date": "2025-07-04", "close": 1237.800049, "volume": 5876, "typical_volume": 22903.75, "trend": 1154.313314, "fair_value": 949.693588, "relative_strength": 9.950212, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.881926, "energy": 71.927372, "activity_lines": [ 1214.039999, 1193.316353, 1155.086653, 1152.340629 ] }, { "date": "2025-07-11", "close": 1237.599976, "volume": 7447, "typical_volume": 22787.9, "trend": 1155.866646, "fair_value": 952.926921, "relative_strength": 9.931484, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.660407, "energy": 90.230199, "activity_lines": [ 1225.02666, 1204.643624, 1164.499033, 1157.713962 ] }, { "date": "2025-07-18", "close": 1250.0, "volume": 7176, "typical_volume": 21589.35, "trend": 1158.47998, "fair_value": 956.074357, "relative_strength": 10.269938, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.869815, "energy": 91.421911, "activity_lines": [ 1236.773332, 1216.127262, 1174.923797, 1163.787081 ] }, { "date": "2025-07-25", "close": 1266.199951, "volume": 11643, "typical_volume": 20915.85, "trend": 1161.473311, "fair_value": 959.178203, "relative_strength": 11.529828, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.252927, "energy": 93.560989, "activity_lines": [ 1249.46665, 1228.207256, 1186.45427, 1170.736757 ] }, { "date": "2025-08-01", "close": 1267.400024, "volume": 5750, "typical_volume": 20138.75, "trend": 1164.846647, "fair_value": 962.277562, "relative_strength": 12.323043, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.483812, "energy": 92.014445, "activity_lines": [ 1257.653328, 1238.799991, 1197.419988, 1177.570738 ] }, { "date": "2025-08-08", "close": 1261.400024, "volume": 7885, "typical_volume": 17400.1, "trend": 1168.653316, "fair_value": 965.189741, "relative_strength": 11.094052, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.962353, "energy": 87.780223, "activity_lines": [ 1260.853336, 1246.116362, 1207.057134, 1183.799988 ] }, { "date": "2025-08-15", "close": 1281.599976, "volume": 7448, "typical_volume": 17153.1, "trend": 1171.933317, "fair_value": 968.241023, "relative_strength": 10.556272, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.46356, "energy": 92.496629, "activity_lines": [ 1269.21333, 1255.392722, 1217.89999, 1191.08687 ] }, { "date": "2025-08-22", "close": 1285.199951, "volume": 6277, "typical_volume": 9286.35, "trend": 1174.533317, "fair_value": 971.449998, "relative_strength": 8.799663, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.782748, "energy": 88.362692, "activity_lines": [ 1275.839982, 1263.603624, 1228.247606, 1198.394394 ] }, { "date": "2025-08-29", "close": 1290.800049, "volume": 2926, "typical_volume": 7932.3, "trend": 1177.35332, "fair_value": 974.824998, "relative_strength": 9.584449, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.579849, "energy": 82.524186, "activity_lines": [ 1281.98667, 1270.97818, 1237.935231, 1205.895474 ] }, { "date": "2025-09-05", "close": 1295.0, "volume": 5245, "typical_volume": 7749.3, "trend": 1180.613322, "fair_value": 978.174998, "relative_strength": 7.995318, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.719491, "energy": 85.080066, "activity_lines": [ 1287.893335, 1277.330908, 1246.849518, 1213.485582 ] }, { "date": "2025-09-12", "close": 1310.199951, "volume": 13633, "typical_volume": 7630.25, "trend": 1184.026652, "fair_value": 981.867946, "relative_strength": 10.494881, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.532457, "energy": 73.818491, "activity_lines": [ 1297.026652, 1285.130899, 1256.040942, 1221.84601 ] }, { "date": "2025-09-19", "close": 1320.400024, "volume": 5921, "typical_volume": 7543.6, "trend": 1187.966654, "fair_value": 985.78269, "relative_strength": 11.787584, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.782924, "energy": 76.167771, "activity_lines": [ 1306.306665, 1293.469087, 1265.134279, 1230.644292 ] }, { "date": "2025-09-26", "close": 1317.0, "volume": 3795, "typical_volume": 7198.25, "trend": 1193.259989, "fair_value": 989.80128, "relative_strength": 12.778484, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.152723, "energy": 76.902971, "activity_lines": [ 1311.866667, 1299.683634, 1272.959994, 1238.969024 ] }, { "date": "2025-10-03", "close": 1339.0, "volume": 11799, "typical_volume": 7490.6, "trend": 1200.43999, "fair_value": 993.896793, "relative_strength": 9.085221, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.942896, "energy": 86.638454, "activity_lines": [ 1322.639998, 1308.679998, 1281.946662, 1248.371605 ] }, { "date": "2025-10-10", "close": 1322.599976, "volume": 9152, "typical_volume": 7666.45, "trend": 1207.579989, "fair_value": 997.947434, "relative_strength": 7.721229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.083485, "energy": 67.737626, "activity_lines": [ 1324.733325, 1313.370903, 1288.578089, 1256.252895 ] }, { "date": "2025-10-17", "close": 1319.400024, "volume": 7302, "typical_volume": 7068.7, "trend": 1214.53999, "fair_value": 1001.924357, "relative_strength": 5.849626, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.062825, "energy": 65.791552, "activity_lines": [ 1323.920003, 1316.476363, 1294.069521, 1263.467091 ] }, { "date": "2025-10-24", "close": 1337.199951, "volume": 1496, "typical_volume": 6942.7, "trend": 1222.259989, "fair_value": 1005.763459, "relative_strength": 7.680857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.675426, "energy": 68.808855, "activity_lines": [ 1328.426652, 1321.763627, 1300.531421, 1271.380636 ] }, { "date": "2025-10-31", "close": 1364.400024, "volume": 4126, "typical_volume": 6790.9, "trend": 1233.253324, "fair_value": 1009.931408, "relative_strength": 12.496763, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.94087, "energy": 71.767033, "activity_lines": [ 1340.879997, 1330.985451, 1308.868567, 1280.550961 ] }, { "date": "2025-11-07", "close": 1324.599976, "volume": 6048, "typical_volume": 6847.65, "trend": 1242.593323, "fair_value": 1013.5641, "relative_strength": 8.483568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.764377, "energy": 60.028523, "activity_lines": [ 1336.906657, 1331.530901, 1312.552375, 1286.444294 ] }, { "date": "2025-11-14", "close": 1345.0, "volume": 4141, "typical_volume": 6754.3, "trend": 1252.453324, "fair_value": 1017.311536, "relative_strength": 7.082256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.560003, "energy": 59.524163, "activity_lines": [ 1340.693327, 1335.170903, 1317.550471, 1293.051176 ] }, { "date": "2025-11-21", "close": 1302.0, "volume": 3929, "typical_volume": 6656.95, "trend": 1259.666658, "fair_value": 1020.719228, "relative_strength": 3.617826, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.024646, "energy": 40.333403, "activity_lines": [ 1328.653328, 1330.083631, 1317.870471, 1296.247736 ] }, { "date": "2025-11-28", "close": 1360.599976, "volume": 8090, "typical_volume": 6689.1, "trend": 1267.613326, "fair_value": 1024.499997, "relative_strength": 6.479192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.426812, "energy": 44.090804, "activity_lines": [ 1337.306657, 1335.799991, 1323.465708, 1302.759563 ] }, { "date": "2025-12-05", "close": 1369.800049, "volume": 6390, "typical_volume": 6649.8, "trend": 1275.913326, "fair_value": 1028.412177, "relative_strength": 6.271616, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.359821, "energy": 51.375357, "activity_lines": [ 1347.466675, 1342.458183, 1329.351427, 1309.352255 ] }, { "date": "2025-12-12", "close": 1359.400024, "volume": 6209, "typical_volume": 6378.1, "trend": 1282.146659, "fair_value": 1032.368587, "relative_strength": 5.789979, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.890987, "energy": 47.91848, "activity_lines": [ 1353.800016, 1346.265461, 1333.676192, 1314.738493 ] }, { "date": "2025-12-19", "close": 13.62, "volume": 594686, "typical_volume": 35824.9, "trend": 1244.360661, "fair_value": 1027.748844, "relative_strength": -98.942175, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.112675, "energy": 94.270587, "activity_lines": [ 909.220013, 1105.014552, 1209.38762, 1232.898063 ] }, { "date": "2025-12-26", "close": 13.716, "volume": 120552, "typical_volume": 41458.25, "trend": 1205.911196, "fair_value": 1023.142536, "relative_strength": -98.919061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.582579, "energy": 96.680364, "activity_lines": [ 553.430676, 887.580733, 1091.078573, 1153.501634 ] }, { "date": "2026-01-02", "close": 13.77, "volume": 359742, "typical_volume": 59072.95, "trend": 1166.803529, "fair_value": 1018.542344, "relative_strength": -98.8948, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -90.172961, "energy": 96.559739, "activity_lines": [ 283.54494, 693.896442, 978.716021, 1076.589298 ] }, { "date": "2026-01-09", "close": 13.846, "volume": 726756, "typical_volume": 95096.9, "trend": 1127.825064, "fair_value": 1013.755459, "relative_strength": -98.87939, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.402261, "energy": 93.140744, "activity_lines": [ 103.473202, 524.288332, 872.397992, 1002.204942 ] }, { "date": "2026-01-16", "close": 13.868, "volume": 2877258, "typical_volume": 238813.5, "trend": 1088.533998, "fair_value": 1009.041152, "relative_strength": -98.853535, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.99978, "energy": 88.099519, "activity_lines": [ 13.805733, 379.23975, 772.136125, 930.336744 ] }, { "date": "2026-01-23", "close": 13.788, "volume": 485722, "typical_volume": 262837.35, "trend": 1048.240266, "fair_value": 1004.130818, "relative_strength": -98.812431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.669909, "energy": 89.028814, "activity_lines": [ 13.813733, 258.008113, 677.947268, 860.998293 ] }, { "date": "2026-01-30", "close": 13.836, "volume": 1353402, "typical_volume": 329825.8, "trend": 1007.441464, "fair_value": 999.117588, "relative_strength": -98.786998, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.321293, "energy": 81.178727, "activity_lines": [ 13.826533, 160.989057, 589.863992, 794.262533 ] }, { "date": "2026-02-06", "close": 13.746, "volume": 485711, "typical_volume": 353815.3, "trend": 966.646332, "fair_value": 994.194805, "relative_strength": -98.791454, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.294536, "energy": 68.447981, "activity_lines": [ 13.801333, 87.374802, 507.945306, 730.153149 ] }, { "date": "2026-02-13", "close": 13.618, "volume": 531465, "typical_volume": 380198.8, "trend": 925.433598, "fair_value": 989.280177, "relative_strength": -98.792058, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.218309, "energy": 68.233923, "activity_lines": [ 13.735067, 38.225528, 432.236592, 668.66745 ] }, { "date": "2026-02-20", "close": 13.69, "volume": 471332, "typical_volume": 403175.45, "trend": 883.683267, "fair_value": 984.491652, "relative_strength": -98.782424, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.091951, "energy": 67.97151, "activity_lines": [ 13.708, 13.7472, 362.741316, 609.845282 ] }, { "date": "2026-02-27", "close": 13.732, "volume": 1323973, "typical_volume": 468916.5, "trend": 841.894333, "fair_value": 979.634164, "relative_strength": -98.766399, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.897308, "energy": 67.507502, "activity_lines": [ 13.7068, 13.743964, 299.56104, 553.719394 ] }, { "date": "2026-03-06", "close": 13.616, "volume": 1463245, "typical_volume": 541713.65, "trend": 800.301532, "fair_value": 974.897728, "relative_strength": -98.663538, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.55653, "energy": 66.655993, "activity_lines": [ 13.670667, 13.7176, 242.602421, 500.282082 ] }, { "date": "2026-03-13", "close": 13.43, "volume": 2511976, "typical_volume": 667237.65, "trend": 758.029199, "fair_value": 970.099203, "relative_strength": -98.626708, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.462399, "energy": 66.045841, "activity_lines": [ 13.5872, 13.659236, 191.844106, 449.516177 ] }, { "date": "2026-03-20", "close": 13.102, "volume": 2788749, "typical_volume": 806468.8, "trend": 715.625934, "fair_value": 965.330626, "relative_strength": -98.573688, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.79751, "energy": 97.129128, "activity_lines": [ 13.415467, 13.547418, 147.35822, 401.456358 ] }, { "date": "2026-03-27", "close": 12.86, "volume": 617127, "typical_volume": 837022.75, "trend": 673.027932, "fair_value": 960.407934, "relative_strength": -98.597004, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -91.42466, "energy": 96.998631, "activity_lines": [ 13.197467, 13.405127, 109.284039, 356.11662 ] }, { "date": "2026-04-03", "close": 13.134, "volume": 627690, "typical_volume": 868200.2, "trend": 630.299066, "fair_value": 955.456229, "relative_strength": -98.579664, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.333333, "energy": 88.566667, "activity_lines": [ 13.126133, 13.330982, 77.482334, 313.542818 ] }, { "date": "2026-04-10", "close": 13.67, "volume": 1568585, "typical_volume": 946433.0, "trend": 587.081401, "fair_value": 950.432318, "relative_strength": -98.507244, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.333333, "energy": 88.566667, "activity_lines": [ 13.273333, 13.366182, 52.073896, 273.760298 ] }, { "date": "2026-04-17", "close": 14.28, "volume": 1483897, "typical_volume": 1020223.35, "trend": 543.544067, "fair_value": 945.432831, "relative_strength": -98.430266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.0, "energy": 64.95, "activity_lines": [ 13.620267, 13.515309, 32.858458, 236.805368 ] }, { "date": "2026-04-24", "close": 14.276, "volume": 920336, "typical_volume": 1065920.65, "trend": 500.119933, "fair_value": 940.42819, "relative_strength": -98.358223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.666667, "energy": 64.483333, "activity_lines": [ 13.9092, 13.654, 20.053686, 202.659042 ] }, { "date": "2026-05-01", "close": 14.336, "volume": 715839, "typical_volume": 1101402.15, "trend": 455.964467, "fair_value": 935.488036, "relative_strength": -98.302386, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.333333, "energy": 60.866667, "activity_lines": [ 14.139867, 13.791636, 13.709505, 171.318143 ] }, { "date": "2026-05-08", "close": 14.784, "volume": 982725, "typical_volume": 1120804.1, "trend": 412.370601, "fair_value": 930.467421, "relative_strength": -98.195118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.0, "energy": 60.4, "activity_lines": [ 14.421467, 13.998982, 13.813057, 142.854887 ] }, { "date": "2026-05-15", "close": 14.892, "volume": 903900, "typical_volume": 1159971.5, "trend": 368.887, "fair_value": 925.356472, "relative_strength": -98.144781, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.0, "energy": 60.4, "activity_lines": [ 14.629067, 14.206836, 13.921352, 117.211106 ] }, { "date": "2026-05-22", "close": 14.986, "volume": 4540706, "typical_volume": 1369019.7, "trend": 324.813202, "fair_value": 920.324331, "relative_strength": -98.116772, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.0, "energy": 60.4, "activity_lines": [ 14.786533, 14.408582, 14.033, 94.378783 ] }, { "date": "2026-05-29", "close": 15.19, "volume": 2367169, "typical_volume": 1451040.35, "trend": 279.839534, "fair_value": 915.170421, "relative_strength": -98.036243, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.0, "energy": 60.4, "activity_lines": [ 14.964933, 14.619127, 14.158286, 74.403093 ] }, { "date": "2026-06-05", "close": 15.038, "volume": 218379, "typical_volume": 1318096.4, "trend": 236.187468, "fair_value": 909.945664, "relative_strength": -97.968585, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -44.0, "energy": 60.4, "activity_lines": [ 15.031733, 14.764073, 14.262695, 57.319123 ] }, { "date": "2026-06-12", "close": 14.928, "volume": 662663, "typical_volume": 1326943.45, "trend": 191.851735, "fair_value": 904.570844, "relative_strength": -97.962218, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -44.0, "energy": 60.4, "activity_lines": [ 15.015067, 14.849418, 14.351057, 43.044319 ] }, { "date": "2026-06-19", "close": 15.032, "volume": 83908, "typical_volume": 1263468.75, "trend": 148.952802, "fair_value": 899.280664, "relative_strength": -97.882122, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -44.0, "energy": 60.4, "activity_lines": [ 15.023467, 14.921055, 14.443895, 31.636594 ] }, { "date": "2026-06-26", "close": 14.76, "volume": 129644, "typical_volume": 1245665.4, "trend": 104.091469, "fair_value": 893.876562, "relative_strength": -97.899773, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -44.0, "energy": 60.4, "activity_lines": [ 14.931867, 14.918473, 14.505133, 22.978994 ] }, { "date": "2026-07-03", "close": 15.05, "volume": 26291, "typical_volume": 1220406.7, "trend": 58.933134, "fair_value": 888.606369, "relative_strength": -97.808884, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.994055, "energy": 63.547919, "activity_lines": [ 14.952, 14.959891, 14.589162, 17.234383 ] }, { "date": "2026-07-10", "close": 15.15, "volume": 1159915, "typical_volume": 1254835.85, "trend": 14.1248, "fair_value": 883.116305, "relative_strength": -97.668398, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "up", "direction": 50.502161, "energy": 62.377137, "activity_lines": [ 15.0148, 15.005418, 14.675895, 14.409665 ] }, { "date": "2026-07-17", "close": 14.996, "volume": 1353045, "typical_volume": 1256289.45, "trend": 14.170667, "fair_value": 877.575895, "relative_strength": -97.605389, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.033776, "energy": 58.661822, "activity_lines": [ 15.0188, 15.008145, 14.74101, 14.465871 ] }, { "date": "2026-07-24", "close": 14.944, "volume": 2105971, "typical_volume": 1288425.75, "trend": 14.2116, "fair_value": 871.999254, "relative_strength": -97.49525, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.632671, "energy": 56.142289, "activity_lines": [ 15.000933, 14.997564, 14.795152, 14.515763 ] }, { "date": "2026-07-31", "close": 14.936, "volume": 2610328, "typical_volume": 1293343.35, "trend": 14.250467, "fair_value": 866.489228, "relative_strength": -97.371165, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.854772, "energy": 52.438911, "activity_lines": [ 14.986267, 14.984582, 14.84221, 14.562499 ] }, { "date": "2026-08-07", "close": 15.556, "volume": 2726778, "typical_volume": 1290244.8, "trend": 14.307467, "fair_value": 861.051767, "relative_strength": -97.154041, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 83.781557, "energy": 62.428541, "activity_lines": [ 15.166533, 15.085236, 14.941143, 14.646727 ] } ], "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." } } }