{ "ticker": { "uuid": "e8d7ead6-40ba-4682-abc5-124849007af9", "symbol": "2633", "name": "NEXT FUNDS S&P 500 (Unhedged) Exchange Traded Fund", "exchange": "JPX", "country": "JP", "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": "^N225", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 90.353, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 71.363, "architecture_energy": 60.66, "architecture_maturity": 78.067, "architecture_confidence": 76.132, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 10.95, "rotation_up": 56.67, "upward_expansion": 86.27, "deceleration": 65.47, "rotation_down": 28.2, "downward_expansion": 10.6 }, "activity_lines": [ 561.106661, 558.921813, 551.446664, 539.008239 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.833333 }, "latest_close": 564.299988, "trend_reference": 523.857687, "distance_from_trend": 0.077201, "trend_direction": "Improving", "fair_value": 410.95275, "distance_from_fair_value": 0.373151, "fair_value_direction": "Improving", "relative_strength": -6.086835, "relative_strength_direction": "Improving", "price_momentum": 0.147986, "excess_performance": -0.061272, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.077201, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.046181, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.373151, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.001483, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.060868, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.061161, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.147986, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.199308, "read": "Demand-led" } ], "volume": { "latest": 1555420, "relative_activity": 2.574167, "balance": 3.199308, "dry_up": 1.330531, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.020148, "annualized_volatility": 0.11421, "from_high_reference": -0.005989, "from_low_reference": 0.310223 }, "levels": { "trend_reference": 523.857687, "fair_value_reference": 410.95275, "structural_low": 465.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": 0.017762, "positive_rate": 0.741935, "directional_follow_through": 0.741935, "median_excess_return": 0.003951, "regime_survival": 0.870968, "best_return": 0.074499, "worst_return": -0.114629, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.086047, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.006547, "regime_survival": 0.7, "best_return": 0.162809, "worst_return": -0.162841, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.118023, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.074838, "regime_survival": 0.6, "best_return": 0.224146, "worst_return": -0.088168, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.250508, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.109587, "regime_survival": 0.5, "best_return": 0.475724, "worst_return": 0.025292, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-05-12", "end": "2023-10-06", "tenure": "Established", "return": 0.140599, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-10-13", "end": "2023-11-17", "tenure": "Developing", "return": 0.043276, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-11-24", "end": "2024-08-02", "tenure": "Extended", "return": 0.191494, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-09", "end": "2024-09-27", "tenure": "Developing", "return": 0.076485, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-10-04", "end": "2024-10-18", "tenure": "New", "return": 0.052344, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-25", "end": "2025-02-21", "tenure": "Established", "return": 0.04797, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-02-28", "end": "2025-02-28", "tenure": "New", "return": 0.0, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-03-07", "end": "2025-04-11", "tenure": "Developing", "return": -0.089974, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-06-06", "tenure": "Developing", "return": 0.139655, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-13", "end": "2025-07-04", "tenure": "New", "return": 0.056484, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-11", "end": "2025-08-08", "tenure": "Developing", "return": 0.018579, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-02-13", "tenure": "Extended", "return": 0.099729, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-02-20", "end": "2026-04-24", "tenure": "Developing", "return": 0.066637, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-01", "end": "2026-08-07", "tenure": "Established", "return": 0.075882, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 284.976501, "volume": 2997400, "typical_volume": 1473500.0, "trend": 258.632114, "fair_value": 247.897543, "relative_strength": 3.97974, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.334798, "energy": 64.142696, "activity_lines": [ 286.888965, 285.263746, 277.429677, 269.053169 ] }, { "date": "2023-08-25", "close": 287.108643, "volume": 975500, "typical_volume": 1472700.0, "trend": 260.387338, "fair_value": 248.206291, "relative_strength": 4.136072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.119876, "energy": 63.400981, "activity_lines": [ 287.073102, 285.842589, 279.16998, 270.890364 ] }, { "date": "2023-09-01", "close": 294.813354, "volume": 1807300, "typical_volume": 1506365.0, "trend": 262.279129, "fair_value": 248.570409, "relative_strength": 3.354931, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.501494, "energy": 68.509936, "activity_lines": [ 289.712408, 287.672511, 281.426239, 273.111397 ] }, { "date": "2023-09-08", "close": 292.778168, "volume": 1838700, "typical_volume": 1506495.0, "trend": 264.071012, "fair_value": 248.913105, "relative_strength": 2.959261, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.229644, "energy": 63.176144, "activity_lines": [ 290.940002, 288.865445, 283.252846, 275.079077 ] }, { "date": "2023-09-15", "close": 298.924408, "volume": 2671600, "typical_volume": 1539065.0, "trend": 265.886583, "fair_value": 249.297807, "relative_strength": 2.223003, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.279647, "energy": 70.229948, "activity_lines": [ 293.957904, 291.040196, 285.44629, 277.327684 ] }, { "date": "2023-09-22", "close": 288.583038, "volume": 1932600, "typical_volume": 1577320.0, "trend": 267.48251, "fair_value": 249.597694, "relative_strength": 2.135998, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.714636, "energy": 58.595437, "activity_lines": [ 292.912178, 291.055549, 286.418593, 278.791971 ] }, { "date": "2023-09-29", "close": 288.290344, "volume": 1973400, "typical_volume": 1541895.0, "trend": 269.010956, "fair_value": 249.890821, "relative_strength": 3.763467, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.196229, "energy": 51.275114, "activity_lines": [ 291.528452, 290.835816, 287.208781, 280.134412 ] }, { "date": "2023-10-06", "close": 284.144043, "volume": 4520900, "typical_volume": 1721420.0, "trend": 270.570986, "fair_value": 250.148364, "relative_strength": 5.049132, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.002075, "energy": 34.820493, "activity_lines": [ 288.683846, 289.809888, 287.41755, 281.11074 ] }, { "date": "2023-10-13", "close": 293.070801, "volume": 4941500, "typical_volume": 1917875.0, "trend": 272.493184, "fair_value": 250.46868, "relative_strength": 3.884906, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.636716, "energy": 29.404497, "activity_lines": [ 289.526113, 290.400998, 288.360924, 282.562341 ] }, { "date": "2023-10-20", "close": 287.412354, "volume": 3586800, "typical_volume": 2028775.0, "trend": 274.420596, "fair_value": 250.742337, "relative_strength": 5.292205, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.019863, "energy": 21.554007, "activity_lines": [ 288.462722, 289.887496, 288.60248, 283.524868 ] }, { "date": "2023-10-27", "close": 280.875824, "volume": 7096400, "typical_volume": 2334325.0, "trend": 275.757004, "fair_value": 250.963907, "relative_strength": 3.786751, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.426176, "energy": 14.878834, "activity_lines": [ 285.987958, 288.226707, 288.104689, 283.941334 ] }, { "date": "2023-11-03", "close": 287.412354, "volume": 3539600, "typical_volume": 2409940.0, "trend": 277.291913, "fair_value": 251.229954, "relative_strength": 3.019536, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.344266, "energy": 10.959741, "activity_lines": [ 286.205852, 287.828935, 288.166575, 284.693293 ] }, { "date": "2023-11-10", "close": 296.290344, "volume": 4291800, "typical_volume": 2580660.0, "trend": 278.991919, "fair_value": 251.556479, "relative_strength": 4.129803, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 60.5233, "energy": 27.55836, "activity_lines": [ 289.441608, 289.039822, 289.03331, 285.918998 ] }, { "date": "2023-11-17", "close": 305.753662, "volume": 2092300, "typical_volume": 2632180.0, "trend": 280.954069, "fair_value": 251.946386, "relative_strength": 4.12865, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 76.913283, "energy": 51.413424, "activity_lines": [ 295.02205, 291.944457, 290.724363, 287.645562 ] }, { "date": "2023-11-24", "close": 306.241455, "volume": 1689400, "typical_volume": 2677940.0, "trend": 282.851715, "fair_value": 252.334208, "relative_strength": 4.098446, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.430517, "energy": 77.557101, "activity_lines": [ 299.919566, 294.701864, 292.36455, 289.277006 ] }, { "date": "2023-12-01", "close": 304.192688, "volume": 1138600, "typical_volume": 2649410.0, "trend": 284.451704, "fair_value": 252.701999, "relative_strength": 3.936677, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.025875, "energy": 79.746912, "activity_lines": [ 302.878886, 296.95373, 293.701662, 290.653843 ] }, { "date": "2023-12-08", "close": 297.168335, "volume": 39295750, "typical_volume": 4599327.5, "trend": 286.053374, "fair_value": 253.015142, "relative_strength": 4.93599, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.767335, "energy": 29.177397, "activity_lines": [ 301.942297, 297.64463, 294.247824, 291.474271 ] }, { "date": "2023-12-15", "close": 302.143951, "volume": 2937450, "typical_volume": 4587605.0, "trend": 287.462314, "fair_value": 253.3587, "relative_strength": 4.432309, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.035717, "energy": 26.829949, "activity_lines": [ 302.013849, 299.078769, 295.211875, 292.512373 ] }, { "date": "2023-12-22", "close": 303.997559, "volume": 1691360, "typical_volume": 4622723.0, "trend": 288.966961, "fair_value": 253.710359, "relative_strength": 4.318985, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.502215, "energy": 25.003981, "activity_lines": [ 302.313029, 300.522657, 296.265173, 293.579163 ] }, { "date": "2023-12-29", "close": 305.168274, "volume": 1232490, "typical_volume": 4612542.5, "trend": 290.376568, "fair_value": 254.065241, "relative_strength": 3.697616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.415797, "energy": 23.952774, "activity_lines": [ 303.119521, 301.980733, 297.358081, 294.624409 ] }, { "date": "2024-01-05", "close": 306.046326, "volume": 459790, "typical_volume": 4485662.0, "trend": 291.655533, "fair_value": 254.421276, "relative_strength": 4.179315, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.807495, "energy": 25.167203, "activity_lines": [ 304.290243, 303.275621, 298.460845, 295.635361 ] }, { "date": "2024-01-12", "close": 312.582825, "volume": 2384730, "typical_volume": 4556123.5, "trend": 292.779263, "fair_value": 254.816933, "relative_strength": -0.181231, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.10235, "energy": 30.736865, "activity_lines": [ 307.516221, 305.301317, 300.0858, 296.985509 ] }, { "date": "2024-01-19", "close": 320.387695, "volume": 677700, "typical_volume": 4499643.5, "trend": 294.12116, "fair_value": 255.259978, "relative_strength": 1.114994, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.053668, "energy": 41.24822, "activity_lines": [ 312.316191, 308.288436, 302.332771, 298.766698 ] }, { "date": "2024-01-26", "close": 324.972992, "volume": 2510550, "typical_volume": 4533236.0, "trend": 295.443068, "fair_value": 255.727851, "relative_strength": 3.052159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.721422, "energy": 49.205896, "activity_lines": [ 317.428343, 311.671112, 304.894654, 300.757139 ] }, { "date": "2024-02-02", "close": 325.753448, "volume": 974550, "typical_volume": 4448383.5, "trend": 296.849141, "fair_value": 256.194688, "relative_strength": 2.057954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.487925, "energy": 53.064164, "activity_lines": [ 321.402285, 314.846246, 307.377557, 302.712647 ] }, { "date": "2024-02-09", "close": 336.680206, "volume": 3563100, "typical_volume": 4529908.5, "trend": 298.785808, "fair_value": 256.727705, "relative_strength": 3.258006, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.528461, "energy": 59.567563, "activity_lines": [ 327.646134, 319.6533, 310.773347, 305.282393 ] }, { "date": "2024-02-16", "close": 340.77774, "volume": 2977350, "typical_volume": 4580106.0, "trend": 300.631312, "fair_value": 257.280666, "relative_strength": 0.204162, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.768202, "energy": 61.988018, "activity_lines": [ 333.21357, 324.614678, 314.330343, 307.99155 ] }, { "date": "2024-02-23", "close": 340.582642, "volume": 2001200, "typical_volume": 4454121.0, "trend": 302.523613, "fair_value": 257.825123, "relative_strength": -1.407133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.745758, "energy": 59.799919, "activity_lines": [ 336.836312, 328.747685, 317.618819, 310.569055 ] }, { "date": "2024-03-01", "close": 346.631348, "volume": 3542770, "typical_volume": 4384184.5, "trend": 304.447939, "fair_value": 258.401787, "relative_strength": -1.69892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.00026, "energy": 60.998098, "activity_lines": [ 341.128959, 333.281572, 321.214607, 313.414715 ] }, { "date": "2024-03-08", "close": 342.728912, "volume": 2024470, "typical_volume": 4306068.0, "trend": 306.216341, "fair_value": 258.945833, "relative_strength": -2.305246, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.055196, "energy": 89.251932, "activity_lines": [ 342.676904, 336.330765, 324.183685, 315.884456 ] }, { "date": "2024-03-15", "close": 344.787689, "volume": 1864150, "typical_volume": 4044455.5, "trend": 308.210047, "fair_value": 259.496101, "relative_strength": 0.708512, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.55348, "energy": 90.234474, "activity_lines": [ 343.779411, 339.071361, 327.085424, 318.37293 ] }, { "date": "2024-03-22", "close": 358.904663, "volume": 3266010, "typical_volume": 4030776.0, "trend": 310.603248, "fair_value": 249.675117, "relative_strength": -0.844235, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.133707, "energy": 97.38249, "activity_lines": [ 349.047076, 343.67429, 331.027294, 321.64355 ] }, { "date": "2024-03-29", "close": 359.100739, "volume": 1520930, "typical_volume": 3892232.5, "trend": 312.746161, "fair_value": 250.733969, "relative_strength": 0.418041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.517969, "energy": 94.484196, "activity_lines": [ 353.171639, 347.470655, 334.647399, 324.77242 ] }, { "date": "2024-04-05", "close": 352.336334, "volume": 1753570, "typical_volume": 3875296.0, "trend": 314.731433, "fair_value": 251.74158, "relative_strength": 1.948169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.893464, "energy": 67.309091, "activity_lines": [ 353.80686, 349.333254, 337.324178, 327.326625 ] }, { "date": "2024-04-12", "close": 359.983032, "volume": 873920, "typical_volume": 3834522.0, "trend": 316.766721, "fair_value": 252.781239, "relative_strength": 2.648857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.440563, "energy": 70.899404, "activity_lines": [ 356.610649, 352.088647, 340.507391, 330.246083 ] }, { "date": "2024-04-19", "close": 346.650391, "volume": 2610150, "typical_volume": 3908099.5, "trend": 318.702299, "fair_value": 253.753008, "relative_strength": 5.232574, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.776112, "energy": 63.045985, "activity_lines": [ 353.819948, 351.797567, 342.164917, 332.174062 ] }, { "date": "2024-04-26", "close": 359.688934, "volume": 2131510, "typical_volume": 2049887.5, "trend": 321.082252, "fair_value": 254.782296, "relative_strength": 6.502756, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.858808, "energy": 62.092761, "activity_lines": [ 355.251249, 353.695855, 344.862029, 334.818361 ] }, { "date": "2024-05-03", "close": 354.983307, "volume": 1445570, "typical_volume": 1975293.5, "trend": 323.443561, "fair_value": 255.775359, "relative_strength": 4.169182, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.936145, "energy": 53.89916, "activity_lines": [ 355.061723, 354.394735, 346.813269, 337.005526 ] }, { "date": "2024-05-10", "close": 367.629761, "volume": 1471060, "typical_volume": 1964278.5, "trend": 325.928859, "fair_value": 256.864035, "relative_strength": 7.635207, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.761708, "energy": 61.55228, "activity_lines": [ 359.362177, 357.13114, 349.717318, 339.856248 ] }, { "date": "2024-05-17", "close": 373.413788, "volume": 2008500, "typical_volume": 2003079.0, "trend": 328.795574, "fair_value": 257.991, "relative_strength": 7.479334, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.217554, "energy": 69.281966, "activity_lines": [ 364.571078, 360.537396, 352.869215, 342.919792 ] }, { "date": "2024-05-24", "close": 374.884338, "volume": 1668810, "typical_volume": 2063530.0, "trend": 331.929191, "fair_value": 259.097694, "relative_strength": 7.989241, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.867726, "energy": 78.54316, "activity_lines": [ 369.374778, 363.653119, 355.836187, 345.893261 ] }, { "date": "2024-05-31", "close": 371.060974, "volume": 1864960, "typical_volume": 2037541.5, "trend": 334.717478, "fair_value": 260.184122, "relative_strength": 7.028934, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.935354, "energy": 78.561254, "activity_lines": [ 371.021761, 365.526473, 358.111228, 348.417892 ] }, { "date": "2024-06-07", "close": 377.335144, "volume": 3795230, "typical_volume": 2193418.0, "trend": 337.418972, "fair_value": 261.304707, "relative_strength": 7.951067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.595479, "energy": 79.427413, "activity_lines": [ 374.001998, 368.319561, 360.705342, 351.167419 ] }, { "date": "2024-06-14", "close": 389.295441, "volume": 4439050, "typical_volume": 2289843.0, "trend": 340.203698, "fair_value": 262.497113, "relative_strength": 10.584658, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.374705, "energy": 81.281456, "activity_lines": [ 379.478878, 372.955713, 364.167354, 354.514288 ] }, { "date": "2024-06-21", "close": 394.295197, "volume": 2472670, "typical_volume": 2364749.0, "trend": 343.138822, "fair_value": 263.699749, "relative_strength": 12.240244, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.734197, "energy": 87.664404, "activity_lines": [ 385.177964, 377.828929, 367.799235, 358.004062 ] }, { "date": "2024-06-28", "close": 400.667419, "volume": 1328610, "typical_volume": 2253024.5, "trend": 346.354647, "fair_value": 264.917778, "relative_strength": 10.854057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.324354, "energy": 93.87554, "activity_lines": [ 391.609031, 383.236873, 371.711606, 361.715584 ] }, { "date": "2024-07-05", "close": 403.216309, "volume": 1752410, "typical_volume": 2191777.5, "trend": 349.889579, "fair_value": 266.170934, "relative_strength": 7.685035, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.111456, "energy": 93.698095, "activity_lines": [ 397.170856, 388.126124, 375.562027, 365.384079 ] }, { "date": "2024-07-12", "close": 402.726135, "volume": 3428010, "typical_volume": 2263118.0, "trend": 353.242319, "fair_value": 267.408826, "relative_strength": 6.563962, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.276755, "energy": 89.832464, "activity_lines": [ 400.4256, 392.134845, 379.068438, 368.792889 ] }, { "date": "2024-07-19", "close": 397.432251, "volume": 3338680, "typical_volume": 2252913.5, "trend": 356.356808, "fair_value": 268.623693, "relative_strength": 7.875839, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.095154, "energy": 81.230952, "activity_lines": [ 400.222984, 394.312991, 381.774748, 371.643852 ] }, { "date": "2024-07-26", "close": 377.53125, "volume": 4557770, "typical_volume": 2379578.5, "trend": 358.768908, "fair_value": 269.699474, "relative_strength": 8.684496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.816636, "energy": 58.774372, "activity_lines": [ 392.844246, 392.330909, 382.343816, 373.009945 ] }, { "date": "2024-08-02", "close": 364.884796, "volume": 4276830, "typical_volume": 2500212.5, "trend": 360.73019, "fair_value": 270.674793, "relative_strength": 9.913419, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 22.603784, "energy": 20.50608, "activity_lines": [ 382.367621, 387.974609, 381.542734, 373.404518 ] }, { "date": "2024-08-09", "close": 354.395111, "volume": 9697060, "typical_volume": 2821765.0, "trend": 362.123933, "fair_value": 271.565294, "relative_strength": 9.178058, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -5.450787, "energy": 27.708599, "activity_lines": [ 370.779942, 381.892903, 379.646934, 372.995804 ] }, { "date": "2024-08-16", "close": 375.570557, "volume": 3981040, "typical_volume": 2944770.5, "trend": 363.963362, "fair_value": 272.620021, "relative_strength": 6.289951, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.53328, "energy": 31.110147, "activity_lines": [ 369.505491, 379.964294, 379.789318, 373.863328 ] }, { "date": "2024-08-23", "close": 369.590454, "volume": 3303680, "typical_volume": 3022276.0, "trend": 365.45061, "fair_value": 273.607928, "relative_strength": 3.656072, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.070556, "energy": 26.181517, "activity_lines": [ 368.048045, 376.980478, 379.28374, 374.226366 ] }, { "date": "2024-08-30", "close": 368.512085, "volume": 4237310, "typical_volume": 3190445.5, "trend": 366.875898, "fair_value": 274.56771, "relative_strength": 2.484758, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 1.454244, "energy": 22.364861, "activity_lines": [ 368.087262, 374.158866, 378.593297, 374.42388 ] }, { "date": "2024-09-06", "close": 355.669525, "volume": 2573790, "typical_volume": 3188627.5, "trend": 367.508876, "fair_value": 275.456363, "relative_strength": 4.873636, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.423779, "energy": 28.83611, "activity_lines": [ 364.446903, 369.471028, 376.639139, 373.700889 ] }, { "date": "2024-09-13", "close": 358.156006, "volume": 8206760, "typical_volume": 3492390.0, "trend": 368.088151, "fair_value": 276.369465, "relative_strength": 4.867834, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -26.474568, "energy": 32.222565, "activity_lines": [ 362.249723, 366.05342, 374.878841, 373.097478 ] }, { "date": "2024-09-20", "close": 368.498779, "volume": 3098000, "typical_volume": 3575011.5, "trend": 369.018689, "fair_value": 277.35373, "relative_strength": 4.444004, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.122669, "energy": 23.07676, "activity_lines": [ 363.249408, 365.335595, 374.110868, 373.12397 ] }, { "date": "2024-09-27", "close": 381.501099, "volume": 3881560, "typical_volume": 3695536.5, "trend": 370.181014, "fair_value": 278.459026, "relative_strength": 2.301576, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": 9.412697, "energy": 12.175174, "activity_lines": [ 369.054651, 367.604144, 374.516852, 373.929287 ] }, { "date": "2024-10-04", "close": 378.250519, "volume": 1875930, "typical_volume": 3688908.0, "trend": 371.365068, "fair_value": 279.500939, "relative_strength": 4.43079, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 12.692363, "energy": 10.721944, "activity_lines": [ 372.982324, 369.571335, 374.547203, 374.4499 ] }, { "date": "2024-10-11", "close": 390.464874, "volume": 2305090, "typical_volume": 3720722.0, "trend": 372.88764, "fair_value": 280.575563, "relative_strength": 4.99219, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 50.139831, "energy": 33.841573, "activity_lines": [ 380.33222, 373.746241, 375.717794, 375.682145 ] }, { "date": "2024-10-18", "close": 398.049591, "volume": 1087180, "typical_volume": 3681833.0, "trend": 374.192471, "fair_value": 281.670848, "relative_strength": 8.519127, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 69.37557, "energy": 48.020548, "activity_lines": [ 387.890666, 378.835094, 377.536546, 377.305497 ] }, { "date": "2024-10-25", "close": 400.413666, "volume": 1679130, "typical_volume": 3576028.0, "trend": 375.569569, "fair_value": 282.776425, "relative_strength": 11.895567, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.602062, "energy": 70.656309, "activity_lines": [ 393.577564, 383.56006, 379.451931, 378.997187 ] }, { "date": "2024-11-01", "close": 396.769012, "volume": 1491410, "typical_volume": 3428646.0, "trend": 377.050658, "fair_value": 283.823386, "relative_strength": 10.148757, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.869381, "energy": 71.790565, "activity_lines": [ 395.921918, 387.17067, 380.910308, 380.364893 ] }, { "date": "2024-11-08", "close": 415.386078, "volume": 2833020, "typical_volume": 3446663.5, "trend": 378.897426, "fair_value": 284.990902, "relative_strength": 10.774419, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.259449, "energy": 84.554564, "activity_lines": [ 403.454099, 393.672045, 384.10615, 382.838146 ] }, { "date": "2024-11-15", "close": 420.606689, "volume": 1479440, "typical_volume": 3454205.0, "trend": 381.362636, "fair_value": 286.167571, "relative_strength": 14.24346, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.600148, "energy": 89.586402, "activity_lines": [ 410.250781, 400.270367, 387.698761, 385.529066 ] }, { "date": "2024-11-22", "close": 419.12915, "volume": 862880, "typical_volume": 3409728.5, "trend": 383.343977, "fair_value": 287.351788, "relative_strength": 14.48453, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.93436, "energy": 87.609356, "activity_lines": [ 414.545495, 405.419371, 391.055705, 387.965615 ] }, { "date": "2024-11-29", "close": 410.165436, "volume": 694860, "typical_volume": 3273071.0, "trend": 385.183381, "fair_value": 288.520787, "relative_strength": 11.890295, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.730392, "energy": 80.815844, "activity_lines": [ 414.447001, 407.830005, 393.483186, 389.696032 ] }, { "date": "2024-12-06", "close": 414.20401, "volume": 577670, "typical_volume": 3135020.5, "trend": 386.735856, "fair_value": 289.684981, "relative_strength": 10.130731, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.026899, "energy": 76.218308, "activity_lines": [ 415.04458, 410.217351, 396.259869, 391.568331 ] }, { "date": "2024-12-13", "close": 421.690277, "volume": 642110, "typical_volume": 2939237.5, "trend": 388.345072, "fair_value": 290.896556, "relative_strength": 10.707581, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.070077, "energy": 67.115553, "activity_lines": [ 416.975248, 413.371237, 399.669663, 393.823455 ] }, { "date": "2024-12-20", "close": 417.651642, "volume": 1156220, "typical_volume": 2783207.0, "trend": 389.770649, "fair_value": 292.059753, "relative_strength": 11.463429, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.012375, "energy": 55.985882, "activity_lines": [ 417.139425, 415.001012, 402.484545, 395.714201 ] }, { "date": "2024-12-27", "close": 432.722534, "volume": 1787320, "typical_volume": 2387720.0, "trend": 391.826035, "fair_value": 293.281266, "relative_strength": 10.601226, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.576165, "energy": 74.170482, "activity_lines": [ 422.524235, 418.876645, 406.483479, 398.48529 ] }, { "date": "2025-01-03", "close": 428.979462, "volume": 191860, "typical_volume": 2198261.0, "trend": 393.547512, "fair_value": 294.493677, "relative_strength": 10.361072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.028982, "energy": 77.164643, "activity_lines": [ 425.755129, 421.441301, 409.752942, 400.882286 ] }, { "date": "2025-01-10", "close": 425.728851, "volume": 2241750, "typical_volume": 2145164.5, "trend": 394.761959, "fair_value": 295.726885, "relative_strength": 11.037458, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.901438, "energy": 72.649608, "activity_lines": [ 426.648218, 422.89556, 412.458495, 402.958501 ] }, { "date": "2025-01-17", "close": 421.690277, "volume": 1252650, "typical_volume": 1995931.5, "trend": 395.675128, "fair_value": 296.999545, "relative_strength": 11.646073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.191601, "energy": 65.077077, "activity_lines": [ 425.426792, 423.08899, 414.512096, 404.695812 ] }, { "date": "2025-01-24", "close": 432.033051, "volume": 1339310, "typical_volume": 1934207.5, "trend": 396.720649, "fair_value": 298.350964, "relative_strength": 9.771842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.160352, "energy": 59.302815, "activity_lines": [ 427.652958, 425.048302, 417.297494, 407.041484 ] }, { "date": "2025-01-31", "close": 428.68396, "volume": 967860, "typical_volume": 1572262.5, "trend": 397.569571, "fair_value": 299.629252, "relative_strength": 9.520665, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.633254, "energy": 53.496336, "activity_lines": [ 427.804, 426.190937, 419.400295, 409.103634 ] }, { "date": "2025-02-07", "close": 419.227692, "volume": 627120, "typical_volume": 1448718.5, "trend": 398.119623, "fair_value": 300.822305, "relative_strength": 8.917187, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.931252, "energy": 42.886057, "activity_lines": [ 425.072191, 425.440526, 420.266651, 410.500932 ] }, { "date": "2025-02-14", "close": 425.728851, "volume": 451120, "typical_volume": 1277196.5, "trend": 399.062843, "fair_value": 302.118422, "relative_strength": 9.154999, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.395219, "energy": 41.548805, "activity_lines": [ 425.157552, 425.707376, 421.5106, 412.282172 ] }, { "date": "2025-02-21", "close": 419.621704, "volume": 711690, "typical_volume": 1218984.5, "trend": 400.465858, "fair_value": 303.423104, "relative_strength": 8.181901, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 43.040652, "energy": 30.435601, "activity_lines": [ 423.207198, 424.654294, 421.962307, 413.60855 ] }, { "date": "2025-02-28", "close": 401.792664, "volume": 785600, "typical_volume": 1143010.0, "trend": 401.69612, "fair_value": 304.584929, "relative_strength": 7.665223, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.228292, "energy": 16.219055, "activity_lines": [ 415.451736, 420.397177, 420.519004, 413.694151 ] }, { "date": "2025-03-07", "close": 385.145752, "volume": 2357670, "typical_volume": 1206534.5, "trend": 402.721142, "fair_value": 305.652234, "relative_strength": 3.597031, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "up", "direction": -24.924148, "energy": 36.443145, "activity_lines": [ 404.163328, 413.401695, 417.43634, 412.626385 ] }, { "date": "2025-03-14", "close": 376.927979, "volume": 1580010, "typical_volume": 1201578.5, "trend": 402.766389, "fair_value": 306.596095, "relative_strength": 0.689512, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.508488, "energy": 65.877658, "activity_lines": [ 393.03821, 405.777105, 413.632477, 410.96231 ] }, { "date": "2025-03-21", "close": 385.640778, "volume": 900200, "typical_volume": 1172018.0, "trend": 403.3014, "fair_value": 307.513756, "relative_strength": 1.030608, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.616367, "energy": 70.759705, "activity_lines": [ 387.63734, 400.68305, 410.770241, 409.857432 ] }, { "date": "2025-03-28", "close": 391.977356, "volume": 573340, "typical_volume": 1059034.0, "trend": 404.083575, "fair_value": 308.453735, "relative_strength": 3.902582, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.978958, "energy": 73.815281, "activity_lines": [ 387.0212, 397.469975, 408.564481, 409.126848 ] }, { "date": "2025-04-04", "close": 360.492432, "volume": 2447810, "typical_volume": 1107452.5, "trend": 404.244339, "fair_value": 309.186397, "relative_strength": 4.680141, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -62.789171, "energy": 81.755769, "activity_lines": [ 377.753042, 389.072603, 403.471626, 406.314517 ] }, { "date": "2025-04-11", "close": 350.492493, "volume": 9801960, "typical_volume": 1554406.5, "trend": 403.988889, "fair_value": 309.863802, "relative_strength": 2.111516, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -86.879108, "energy": 83.085805, "activity_lines": [ 367.90492, 380.157798, 397.712655, 402.846656 ] }, { "date": "2025-04-18", "close": 344.551971, "volume": 2593280, "typical_volume": 1649327.5, "trend": 403.190662, "fair_value": 310.488181, "relative_strength": -3.031558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.212518, "energy": 86.130494, "activity_lines": [ 358.386841, 371.584562, 391.71476, 399.012016 ] }, { "date": "2025-04-25", "close": 361.680542, "volume": 1511230, "typical_volume": 1696005.5, "trend": 402.529976, "fair_value": 311.256216, "relative_strength": -1.112206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.7649, "energy": 72.320065, "activity_lines": [ 356.736686, 367.483352, 387.660604, 396.333944 ] }, { "date": "2025-05-02", "close": 373.264618, "volume": 1091110, "typical_volume": 1718455.5, "trend": 402.36378, "fair_value": 312.117725, "relative_strength": -1.219885, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.722793, "energy": 57.252091, "activity_lines": [ 360.545239, 366.652852, 384.959804, 394.445856 ] }, { "date": "2025-05-09", "close": 376.927979, "volume": 638900, "typical_volume": 1692589.5, "trend": 401.91255, "fair_value": 313.086598, "relative_strength": -2.119097, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.816556, "energy": 45.875248, "activity_lines": [ 366.822429, 367.331274, 382.838494, 392.804836 ] }, { "date": "2025-05-16", "close": 392.571411, "volume": 1229340, "typical_volume": 1664690.5, "trend": 401.729944, "fair_value": 314.181676, "relative_strength": 1.121071, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.016328, "energy": 22.989535, "activity_lines": [ 377.218392, 371.306041, 382.400958, 392.202182 ] }, { "date": "2025-05-23", "close": 382.175476, "volume": 524550, "typical_volume": 1681325.0, "trend": 401.122004, "fair_value": 315.176867, "relative_strength": -0.094299, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -30.811679, "energy": 24.972875, "activity_lines": [ 381.343783, 373.255627, 381.164528, 390.940604 ] }, { "date": "2025-05-30", "close": 388.215027, "volume": 856090, "typical_volume": 1612042.0, "trend": 400.836871, "fair_value": 316.128721, "relative_strength": -0.774709, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.493978, "energy": 23.88389, "activity_lines": [ 384.974123, 376.207904, 380.726169, 390.107896 ] }, { "date": "2025-06-06", "close": 392.670441, "volume": 395080, "typical_volume": 1569163.5, "trend": 400.079683, "fair_value": 317.123471, "relative_strength": 0.836102, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -16.418973, "energy": 20.779592, "activity_lines": [ 388.320636, 379.923451, 380.890773, 389.581029 ] }, { "date": "2025-06-13", "close": 390.888245, "volume": 961220, "typical_volume": 1550259.0, "trend": 399.089069, "fair_value": 318.224841, "relative_strength": 0.076331, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -7.435321, "energy": 14.361211, "activity_lines": [ 389.779362, 383.302361, 381.023834, 388.988033 ] }, { "date": "2025-06-20", "close": 397.422852, "volume": 1226840, "typical_volume": 1563208.0, "trend": 398.365525, "fair_value": 319.311975, "relative_strength": 0.217026, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 2.179239, "energy": 14.873199, "activity_lines": [ 392.485606, 387.316731, 381.975165, 388.880535 ] }, { "date": "2025-06-27", "close": 406.23468, "volume": 1257550, "typical_volume": 1594729.5, "trend": 398.2345, "fair_value": 320.481218, "relative_strength": -2.018755, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.612676, "energy": 24.59493, "activity_lines": [ 397.805697, 392.079971, 383.914581, 389.388223 ] }, { "date": "2025-07-04", "close": 412.967316, "volume": 1330520, "typical_volume": 1638699.5, "trend": 398.193277, "fair_value": 321.635969, "relative_strength": 0.358812, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 36.82895, "energy": 53.718775, "activity_lines": [ 403.766052, 396.945824, 386.557072, 390.338727 ] }, { "date": "2025-07-11", "close": 420.987091, "volume": 813940, "typical_volume": 1643812.0, "trend": 398.169838, "fair_value": 322.838468, "relative_strength": 2.766572, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 46.553293, "energy": 69.563898, "activity_lines": [ 410.749514, 402.33733, 390.02412, 391.809295 ] }, { "date": "2025-07-18", "close": 430.095886, "volume": 769410, "typical_volume": 1643002.5, "trend": 398.584646, "fair_value": 324.039573, "relative_strength": 4.161931, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 58.533723, "energy": 78.88631, "activity_lines": [ 418.881464, 408.5173, 394.352171, 393.869041 ] }, { "date": "2025-07-25", "close": 429.204803, "volume": 680860, "typical_volume": 1559162.0, "trend": 398.467388, "fair_value": 325.243201, "relative_strength": -0.219891, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.072929, "energy": 81.740453, "activity_lines": [ 424.102543, 413.568566, 398.460579, 395.844535 ] }, { "date": "2025-08-01", "close": 435.640411, "volume": 628820, "typical_volume": 1511602.5, "trend": 398.68942, "fair_value": 326.462461, "relative_strength": 2.807784, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 54.956228, "energy": 83.159882, "activity_lines": [ 429.350028, 419.12388, 402.972097, 398.242794 ] }, { "date": "2025-08-08", "close": 428.808777, "volume": 457540, "typical_volume": 1489469.5, "trend": 398.792084, "fair_value": 327.617188, "relative_strength": -1.299423, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 67.690474, "energy": 86.626026, "activity_lines": [ 430.35992, 422.46499, 406.553401, 400.185978 ] }, { "date": "2025-08-15", "close": 437.02655, "volume": 903250, "typical_volume": 1505965.0, "trend": 399.303293, "fair_value": 328.767553, "relative_strength": -3.057687, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.112417, "energy": 88.915728, "activity_lines": [ 433.052972, 426.562171, 410.711787, 402.652718 ] }, { "date": "2025-08-22", "close": 433.165192, "volume": 717530, "typical_volume": 1419451.0, "trend": 399.341031, "fair_value": 329.914822, "relative_strength": -2.330281, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.965474, "energy": 78.892262, "activity_lines": [ 433.389608, 429.150813, 414.287906, 404.837357 ] }, { "date": "2025-08-29", "close": 438.016632, "volume": 1232940, "typical_volume": 991000.0, "trend": 399.65212, "fair_value": 331.144129, "relative_strength": -1.564047, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.938281, "energy": 75.048822, "activity_lines": [ 435.13877, 431.852864, 417.980005, 407.332557 ] }, { "date": "2025-09-05", "close": 442.670074, "volume": 425730, "typical_volume": 882622.5, "trend": 400.433533, "fair_value": 332.364833, "relative_strength": -1.306832, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.606587, "energy": 82.010243, "activity_lines": [ 437.851623, 434.662925, 421.698508, 410.107909 ] }, { "date": "2025-09-12", "close": 444.78894, "volume": 2774810, "typical_volume": 945801.5, "trend": 401.068869, "fair_value": 333.636059, "relative_strength": -4.7349, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.824764, "energy": 77.343095, "activity_lines": [ 440.802122, 437.195774, 425.151578, 412.969548 ] }, { "date": "2025-09-19", "close": 448.669647, "volume": 393260, "typical_volume": 910909.0, "trend": 402.037134, "fair_value": 334.957447, "relative_strength": -4.529918, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.997404, "energy": 79.799034, "activity_lines": [ 443.980845, 439.855631, 428.578486, 416.040566 ] }, { "date": "2025-09-26", "close": 454.142456, "volume": 596920, "typical_volume": 908810.0, "trend": 403.782127, "fair_value": 336.374045, "relative_strength": -4.10098, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.405415, "energy": 82.806121, "activity_lines": [ 448.207631, 443.007224, 432.167541, 419.4022 ] }, { "date": "2025-10-03", "close": 455.436035, "volume": 444520, "typical_volume": 869569.0, "trend": 406.125136, "fair_value": 337.752066, "relative_strength": -4.726958, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 79.613652, "energy": 83.164858, "activity_lines": [ 451.467126, 445.956804, 435.512107, 422.73471 ] }, { "date": "2025-10-10", "close": 473.048462, "volume": 925060, "typical_volume": 889594.5, "trend": 409.329152, "fair_value": 339.235587, "relative_strength": -5.811489, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.019166, "energy": 91.014377, "activity_lines": [ 459.436137, 451.631711, 440.234691, 427.052344 ] }, { "date": "2025-10-17", "close": 452.351379, "volume": 1155260, "typical_volume": 904553.0, "trend": 411.552839, "fair_value": 340.573175, "relative_strength": -8.85522, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.57793, "energy": 66.811364, "activity_lines": [ 458.480894, 452.863366, 442.553396, 429.827971 ] }, { "date": "2025-10-24", "close": 468.96875, "volume": 649880, "typical_volume": 917293.0, "trend": 414.119219, "fair_value": 342.004335, "relative_strength": -8.622266, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.567626, "energy": 71.047181, "activity_lines": [ 462.560612, 456.688314, 446.149297, 433.532224 ] }, { "date": "2025-10-31", "close": 485.586151, "volume": 788520, "typical_volume": 908658.0, "trend": 418.28901, "fair_value": 343.546641, "relative_strength": -10.810383, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.060125, "energy": 75.448666, "activity_lines": [ 470.82619, 462.95384, 450.964482, 438.142993 ] }, { "date": "2025-11-07", "close": 474.939056, "volume": 692640, "typical_volume": 881948.0, "trend": 422.437228, "fair_value": 344.987086, "relative_strength": -8.881218, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.493462, "energy": 67.373745, "activity_lines": [ 473.44649, 466.330423, 454.314715, 441.797835 ] }, { "date": "2025-11-14", "close": 477.72522, "volume": 2762050, "typical_volume": 957173.0, "trend": 426.876337, "fair_value": 346.478077, "relative_strength": -8.290517, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.766713, "energy": 68.405716, "activity_lines": [ 475.69531, 469.542263, 457.561173, 445.364802 ] }, { "date": "2025-11-21", "close": 472.650452, "volume": 651330, "typical_volume": 923213.5, "trend": 430.575334, "fair_value": 347.913102, "relative_strength": -5.782894, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.388719, "energy": 64.366256, "activity_lines": [ 475.940757, 471.194053, 459.983888, 448.317971 ] }, { "date": "2025-11-28", "close": 491.05896, "volume": 601560, "typical_volume": 912594.5, "trend": 434.501812, "fair_value": 349.491724, "relative_strength": -5.114113, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.349329, "energy": 68.307915, "activity_lines": [ 480.969102, 475.686271, 463.875589, 452.22014 ] }, { "date": "2025-12-05", "close": 487.974274, "volume": 463390, "typical_volume": 897293.5, "trend": 438.203355, "fair_value": 351.07709, "relative_strength": -5.991018, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.02258, "energy": 65.102886, "activity_lines": [ 483.496537, 478.846922, 467.139835, 455.669977 ] }, { "date": "2025-12-12", "close": 494.044098, "volume": 845490, "typical_volume": 905525.0, "trend": 441.585778, "fair_value": 352.716475, "relative_strength": -5.295951, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.499738, "energy": 68.047272, "activity_lines": [ 487.888039, 482.496054, 470.706548, 459.272605 ] }, { "date": "2025-12-19", "close": 484.989105, "volume": 475600, "typical_volume": 897864.0, "trend": 445.012899, "fair_value": 354.376135, "relative_strength": -4.357012, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.535901, "energy": 60.668845, "activity_lines": [ 487.987541, 483.796858, 473.102123, 462.07282 ] }, { "date": "2025-12-26", "close": 497.029266, "volume": 572030, "typical_volume": 903588.5, "trend": 448.64004, "fair_value": 356.110201, "relative_strength": -4.212984, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.082624, "energy": 61.890456, "activity_lines": [ 491.61617, 487.06968, 476.409385, 465.428715 ] }, { "date": "2026-01-02", "close": 494.840149, "volume": 208560, "typical_volume": 868854.0, "trend": 452.045697, "fair_value": 357.819134, "relative_strength": -3.689264, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.231348, "energy": 58.767036, "activity_lines": [ 492.88984, 489.132156, 479.183301, 468.409367 ] }, { "date": "2026-01-09", "close": 500.611481, "volume": 602480, "typical_volume": 863101.5, "trend": 455.703138, "fair_value": 359.562287, "relative_strength": -5.349772, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.792698, "energy": 61.697374, "activity_lines": [ 495.835207, 491.773576, 482.231564, 471.542643 ] }, { "date": "2026-01-16", "close": 507.676361, "volume": 685560, "typical_volume": 835732.5, "trend": 459.378255, "fair_value": 361.375395, "relative_strength": -7.29453, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.357604, "energy": 76.216345, "activity_lines": [ 500.293054, 495.426331, 485.631501, 474.895754 ] }, { "date": "2026-01-23", "close": 505.188721, "volume": 620790, "typical_volume": 845485.5, "trend": 462.676723, "fair_value": 363.110887, "relative_strength": -7.343563, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.863167, "energy": 76.810419, "activity_lines": [ 503.01287, 498.031565, 488.462806, 477.851268 ] }, { "date": "2026-01-30", "close": 489.765381, "volume": 1534260, "typical_volume": 783458.0, "trend": 465.236659, "fair_value": 364.724386, "relative_strength": -9.004783, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.3457, "energy": 56.14297, "activity_lines": [ 499.244932, 497.333218, 489.527514, 479.598924 ] }, { "date": "2026-02-06", "close": 491.556488, "volume": 1297880, "typical_volume": 828689.0, "trend": 467.588972, "fair_value": 366.343199, "relative_strength": -9.938968, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.595462, "energy": 43.19475, "activity_lines": [ 496.558289, 496.649347, 490.54863, 481.296977 ] }, { "date": "2026-02-13", "close": 480.61087, "volume": 2073610, "typical_volume": 902523.5, "trend": 469.272805, "fair_value": 367.857004, "relative_strength": -15.709378, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.643966, "energy": 20.981937, "activity_lines": [ 490.442017, 493.966317, 490.323083, 482.1371 ] }, { "date": "2026-02-20", "close": 491.357452, "volume": 913440, "typical_volume": 925969.5, "trend": 471.34456, "fair_value": 369.463749, "relative_strength": -13.286139, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.017883, "energy": 24.265075, "activity_lines": [ 489.241312, 493.371092, 490.99498, 483.561916 ] }, { "date": "2026-02-27", "close": 493.646088, "volume": 534080, "typical_volume": 906420.5, "trend": 473.278082, "fair_value": 371.074064, "relative_strength": -15.483909, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.155059, "energy": 21.292325, "activity_lines": [ 489.891414, 493.24083, 491.713788, 485.000724 ] }, { "date": "2026-03-06", "close": 497.029266, "volume": 775000, "typical_volume": 887407.5, "trend": 475.552099, "fair_value": 372.738718, "relative_strength": -9.700569, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.397729, "energy": 19.506783, "activity_lines": [ 492.438751, 493.568292, 492.656719, 486.533058 ] }, { "date": "2026-03-13", "close": 490.5, "volume": 669030, "typical_volume": 888365.0, "trend": 477.334547, "fair_value": 374.373944, "relative_strength": -7.714467, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.052954, "energy": 17.390941, "activity_lines": [ 492.325407, 492.708615, 492.765064, 487.497439 ] }, { "date": "2026-03-20", "close": 487.200012, "volume": 488390, "typical_volume": 873358.5, "trend": 479.135708, "fair_value": 376.02529, "relative_strength": -7.367804, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.31992, "energy": 13.535468, "activity_lines": [ 491.182499, 491.327851, 492.456595, 488.133921 ] }, { "date": "2026-03-27", "close": 479.5, "volume": 698270, "typical_volume": 873640.0, "trend": 480.518486, "fair_value": 377.555524, "relative_strength": -8.551537, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.083272, "energy": 6.014055, "activity_lines": [ 487.033645, 488.790931, 491.407106, 488.157423 ] }, { "date": "2026-04-03", "close": 483.700012, "volume": 1412890, "typical_volume": 806182.0, "trend": 481.886151, "fair_value": 379.108952, "relative_strength": -7.032063, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 6.255889, "energy": 13.454028, "activity_lines": [ 485.075291, 487.529946, 490.735899, 488.362683 ] }, { "date": "2026-04-10", "close": 500.899994, "volume": 408150, "typical_volume": 794023.0, "trend": 483.75652, "fair_value": 380.747477, "relative_strength": -9.864446, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.699482, "energy": 13.919425, "activity_lines": [ 489.513336, 489.786935, 491.674334, 489.589383 ] }, { "date": "2026-04-17", "close": 517.5, "volume": 882740, "typical_volume": 808082.0, "trend": 486.050865, "fair_value": 382.482162, "relative_strength": -9.156887, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 65.871721, "energy": 41.375716, "activity_lines": [ 499.226668, 494.859658, 494.059201, 491.766381 ] }, { "date": "2026-04-24", "close": 524.099976, "volume": 691370, "typical_volume": 819481.0, "trend": 488.382782, "fair_value": 384.243623, "relative_strength": -9.667892, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 74.532017, "energy": 71.504929, "activity_lines": [ 509.339992, 500.660678, 496.946727, 494.221163 ] }, { "date": "2026-05-01", "close": 524.5, "volume": 605240, "typical_volume": 807468.5, "trend": 490.684914, "fair_value": 385.963539, "relative_strength": -9.052621, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.466981, "energy": 80.887837, "activity_lines": [ 517.12666, 505.743718, 499.700324, 496.551306 ] }, { "date": "2026-05-08", "close": 531.900024, "volume": 209310, "typical_volume": 794154.0, "trend": 492.646633, "fair_value": 387.776243, "relative_strength": -12.202968, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.490973, "energy": 87.752673, "activity_lines": [ 524.380003, 511.569625, 503.013657, 499.210345 ] }, { "date": "2026-05-15", "close": 544.900024, "volume": 1378150, "typical_volume": 834460.0, "trend": 495.731588, "fair_value": 389.603322, "relative_strength": -7.86703, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.548963, "energy": 94.981999, "activity_lines": [ 532.753345, 519.063642, 507.341699, 502.581532 ] }, { "date": "2026-05-22", "close": 548.5, "volume": 806410, "typical_volume": 864352.5, "trend": 498.382629, "fair_value": 391.46, "relative_strength": -9.791286, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.236864, "energy": 93.892128, "activity_lines": [ 539.393343, 526.341823, 511.784641, 505.985945 ] }, { "date": "2026-05-29", "close": 556.099976, "volume": 542880, "typical_volume": 861372.5, "trend": 500.73309, "fair_value": 393.339615, "relative_strength": -12.341318, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.494532, "energy": 94.592815, "activity_lines": [ 546.5, 533.947273, 516.695866, 509.709645 ] }, { "date": "2026-06-05", "close": 556.400024, "volume": 135660, "typical_volume": 833877.5, "trend": 503.448456, "fair_value": 395.190401, "relative_strength": -12.273348, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.329339, "energy": 92.143177, "activity_lines": [ 551.57334, 540.35455, 521.371437, 513.30106 ] }, { "date": "2026-06-12", "close": 546.700012, "volume": 110370, "typical_volume": 808356.5, "trend": 505.747616, "fair_value": 396.907255, "relative_strength": -12.699567, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.202361, "energy": 86.788663, "activity_lines": [ 551.286674, 543.600006, 524.891179, 516.091483 ] }, { "date": "2026-06-19", "close": 555.799988, "volume": 196000, "typical_volume": 741443.5, "trend": 508.519267, "fair_value": 398.674365, "relative_strength": -17.334239, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.611215, "energy": 79.81914, "activity_lines": [ 553.046667, 547.354549, 529.079913, 519.320669 ] }, { "date": "2026-06-26", "close": 546.599976, "volume": 116550, "typical_volume": 682377.0, "trend": 510.370634, "fair_value": 400.349264, "relative_strength": -16.105794, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.303989, "energy": 63.95756, "activity_lines": [ 551.013326, 548.43818, 532.078005, 521.777489 ] }, { "date": "2026-07-03", "close": 558.200012, "volume": 62120, "typical_volume": 581802.5, "trend": 512.711492, "fair_value": 402.109704, "relative_strength": -14.38072, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.62808, "energy": 66.105949, "activity_lines": [ 552.973332, 551.101819, 535.918751, 524.863255 ] }, { "date": "2026-07-10", "close": 561.599976, "volume": 612880, "typical_volume": 566774.5, "trend": 514.963354, "fair_value": 403.923934, "relative_strength": -11.925146, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.090077, "energy": 68.496062, "activity_lines": [ 555.926656, 553.763632, 539.71383, 528.017351 ] }, { "date": "2026-07-17", "close": 560.5, "volume": 713280, "typical_volume": 575734.5, "trend": 517.480384, "fair_value": 405.687314, "relative_strength": -5.642477, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.744942, "energy": 69.221517, "activity_lines": [ 558.166659, 555.550905, 543.069662, 530.955199 ] }, { "date": "2026-07-24", "close": 565.5, "volume": 178290, "typical_volume": 545899.0, "trend": 519.762742, "fair_value": 407.492996, "relative_strength": -5.178093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.524405, "energy": 84.506416, "activity_lines": [ 561.153329, 557.727268, 546.583332, 534.053238 ] }, { "date": "2026-07-31", "close": 554.0, "volume": 768860, "typical_volume": 550890.5, "trend": 521.734737, "fair_value": 409.192345, "relative_strength": -6.342906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.879589, "energy": 63.350483, "activity_lines": [ 559.659998, 557.438178, 548.675713, 536.262094 ] }, { "date": "2026-08-07", "close": 564.299988, "volume": 1555420, "typical_volume": 604242.0, "trend": 523.857687, "fair_value": 410.95275, "relative_strength": -6.086835, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.363041, "energy": 60.660448, "activity_lines": [ 561.106661, 558.921813, 551.446664, 539.008239 ] } ], "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." } } }