{ "ticker": { "uuid": "eb7b344a-ed56-40a5-ae01-5bf91013bf7b", "symbol": "X7PP", "name": "Invesco STOXX Europe 600 Optimised Banks UCITS ETF", "exchange": "LSE", "country": "GB", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.209, "architecture_energy": 87.949, "architecture_maturity": 33.355, "architecture_confidence": 84.214, "architecture_tenure": "Developing", "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": 5.06, "rotation_up": 76.44, "upward_expansion": 95.36, "deceleration": 43.46, "rotation_down": 15.5, "downward_expansion": 19.69 }, "activity_lines": [ 21157.5, 20754.518182, 19909.564286, 19292.803226 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 21820.0, "trend_reference": 18698.55, "distance_from_trend": 0.166935, "trend_direction": "Improving", "fair_value": 12188.36859, "distance_from_fair_value": 0.790231, "fair_value_direction": "Improving", "relative_strength": 14.638473, "relative_strength_direction": "Improving", "price_momentum": 0.174444, "excess_performance": 0.123209, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.166935, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.062335, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.790231, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.156166, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.146385, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.077153, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.174444, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.85813, "read": "Supply-led" } ], "volume": { "latest": 8497, "relative_activity": 0.539507, "balance": 0.85813, "dry_up": 0.742815, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.033859, "annualized_volatility": 0.262455, "from_high_reference": -0.011328, "from_low_reference": 0.500275 }, "levels": { "trend_reference": 18698.55, "fair_value_reference": 12188.36859, "structural_low": 15502.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 45, "median_return": 0.029789, "positive_rate": 0.755556, "directional_follow_through": 0.755556, "median_excess_return": 0.021686, "regime_survival": 0.844444, "best_return": 0.167232, "worst_return": -0.230331, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": 0.066338, "positive_rate": 0.8, "directional_follow_through": 0.8, "median_excess_return": 0.044182, "regime_survival": 0.6, "best_return": 0.231514, "worst_return": -0.152202, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.139556, "positive_rate": 0.875, "directional_follow_through": 0.875, "median_excess_return": 0.079695, "regime_survival": 0.75, "best_return": 0.310995, "worst_return": -0.162116, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.272546, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.221283, "regime_survival": 0.5, "best_return": 0.735759, "worst_return": -0.040659, "sufficient": false } ], "ledger": [ { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-07-28", "end": "2023-09-01", "tenure": "Developing", "return": -0.030148, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2023-09-08", "end": "2023-09-22", "tenure": "New", "return": 0.053851, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-29", "end": "2024-02-02", "tenure": "Established", "return": 0.045877, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-09", "end": "2024-02-23", "tenure": "New", "return": 0.050992, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-01", "end": "2024-06-21", "tenure": "Established", "return": 0.12917, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-28", "end": "2024-07-19", "tenure": "New", "return": 0.036624, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-26", "end": "2025-04-11", "tenure": "Extended", "return": 0.189458, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-04-18", "end": "2025-05-02", "tenure": "New", "return": 0.069308, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-09", "end": "2025-10-24", "tenure": "Established", "return": 0.200316, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-10-31", "end": "2025-11-07", "tenure": "New", "return": 0.004285, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-11-14", "end": "2026-03-27", "tenure": "Established", "return": -0.017502, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-04-03", "end": "2026-04-10", "tenure": "New", "return": 0.071353, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-29", "tenure": "Developing", "return": 0.006573, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": 0.169472, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 6728.0, "volume": 1755, "typical_volume": 2202.6, "trend": 6672.866667, "fair_value": 5476.392628, "relative_strength": 11.95572, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 33.234063, "energy": 44.797782, "activity_lines": [ 6896.766667, 6841.072727, 6711.311905, 6664.680645 ] }, { "date": "2023-08-25", "close": 6764.5, "volume": 550, "typical_volume": 2083.8, "trend": 6672.3, "fair_value": 5495.165064, "relative_strength": 10.740774, "stage": 2, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.904456, "energy": 21.63676, "activity_lines": [ 6838.633333, 6842.118182, 6723.480952, 6670.592473 ] }, { "date": "2023-09-01", "close": 6820.0, "volume": 398, "typical_volume": 1985.85, "trend": 6666.2, "fair_value": 5515.073718, "relative_strength": 9.250561, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 39.594793, "energy": 22.704876, "activity_lines": [ 6814.566667, 6849.281818, 6739.321429, 6680.121505 ] }, { "date": "2023-09-08", "close": 6648.0, "volume": 95, "typical_volume": 1874.95, "trend": 6654.633333, "fair_value": 5533.533654, "relative_strength": 5.906592, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.087722, "energy": 21.913479, "activity_lines": [ 6747.3, 6816.627273, 6738.32381, 6678.947312 ] }, { "date": "2023-09-15", "close": 6915.5, "volume": 713, "typical_volume": 1768.7, "trend": 6646.183333, "fair_value": 5554.847756, "relative_strength": 6.511458, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.951109, "energy": 21.335288, "activity_lines": [ 6792.433333, 6833.190909, 6763.030952, 6695.777419 ] }, { "date": "2023-09-22", "close": 7006.0, "volume": 54, "typical_volume": 1587.6, "trend": 6643.616667, "fair_value": 5578.671474, "relative_strength": 7.926102, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.470033, "energy": 33.927625, "activity_lines": [ 6869.366667, 6859.309091, 6794.342857, 6718.991398 ] }, { "date": "2023-09-29", "close": 7051.5, "volume": 396, "typical_volume": 1554.8, "trend": 6636.2, "fair_value": 5602.121795, "relative_strength": 9.208949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.758927, "energy": 50.586796, "activity_lines": [ 6942.933333, 6889.609091, 6827.083333, 6745.306452 ] }, { "date": "2023-10-06", "close": 6981.5, "volume": 491, "typical_volume": 1506.8, "trend": 6639.65, "fair_value": 5623.847756, "relative_strength": 9.252399, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.049774, "energy": 61.495573, "activity_lines": [ 6974.033333, 6906.209091, 6850.254762, 6767.583871 ] }, { "date": "2023-10-13", "close": 6949.5, "volume": 166, "typical_volume": 1474.65, "trend": 6671.033333, "fair_value": 5646.046474, "relative_strength": 6.833622, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.634006, "energy": 60.542128, "activity_lines": [ 6983.7, 6917.909091, 6868.164286, 6787.574194 ] }, { "date": "2023-10-20", "close": 6802.5, "volume": 72, "typical_volume": 1345.7, "trend": 6699.066667, "fair_value": 5666.557692, "relative_strength": 6.988568, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.51364, "energy": 35.457511, "activity_lines": [ 6924.266667, 6903.736364, 6869.935714, 6796.055914 ] }, { "date": "2023-10-27", "close": 6676.5, "volume": 439, "typical_volume": 1353.85, "trend": 6711.666667, "fair_value": 5687.746795, "relative_strength": 6.221294, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.52536, "energy": 11.561045, "activity_lines": [ 6830.366667, 6869.154545, 6858.178571, 6794.6 ] }, { "date": "2023-11-03", "close": 6876.0, "volume": 272, "typical_volume": 1198.45, "trend": 6726.683333, "fair_value": 5708.924679, "relative_strength": 7.162313, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 28.998355, "energy": 18.517298, "activity_lines": [ 6824.933333, 6871.781818, 6864.45, 6805.202151 ] }, { "date": "2023-11-10", "close": 6917.0, "volume": 27, "typical_volume": 1137.65, "trend": 6733.116667, "fair_value": 5726.495192, "relative_strength": 8.24396, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 33.599999, "energy": 20.868688, "activity_lines": [ 6844.866667, 6879.836364, 6873.054762, 6817.480645 ] }, { "date": "2023-11-17", "close": 7210.5, "volume": 926, "typical_volume": 1115.15, "trend": 6750.266667, "fair_value": 5745.195513, "relative_strength": 10.234228, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.912739, "energy": 38.24402, "activity_lines": [ 6966.933333, 6939.490909, 6906.911905, 6848.27957 ] }, { "date": "2023-11-24", "close": 7180.0, "volume": 579, "typical_volume": 1085.75, "trend": 6773.183333, "fair_value": 5762.123397, "relative_strength": 9.569474, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.330662, "energy": 67.198715, "activity_lines": [ 7061.433333, 6983.372727, 6935.338095, 6876.004301 ] }, { "date": "2023-12-01", "close": 7209.0, "volume": 433, "typical_volume": 1056.45, "trend": 6800.283333, "fair_value": 5778.238782, "relative_strength": 8.944408, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.537794, "energy": 75.11315, "activity_lines": [ 7140.433333, 7027.718182, 6963.459524, 6904.121505 ] }, { "date": "2023-12-08", "close": 7352.0, "volume": 32, "typical_volume": 936.75, "trend": 6830.616667, "fair_value": 5796.588141, "relative_strength": 10.240508, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.986096, "energy": 85.315378, "activity_lines": [ 7231.6, 7094.372727, 7003.161905, 6939.716129 ] }, { "date": "2023-12-15", "close": 7333.5, "volume": 371, "typical_volume": 873.55, "trend": 6857.85, "fair_value": 5814.932692, "relative_strength": 9.216273, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.73836, "energy": 84.946729, "activity_lines": [ 7284.866667, 7152.2, 7039.416667, 6972.160215 ] }, { "date": "2023-12-22", "close": 7432.0, "volume": 74, "typical_volume": 808.75, "trend": 6888.9, "fair_value": 5833.660256, "relative_strength": 8.56622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.528687, "energy": 88.299912, "activity_lines": [ 7343.2, 7221.536364, 7083.616667, 7009.202151 ] }, { "date": "2023-12-29", "close": 7479.0, "volume": 123, "typical_volume": 398.3, "trend": 6922.15, "fair_value": 5853.206731, "relative_strength": 8.389938, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.530311, "energy": 89.439426, "activity_lines": [ 7402.433333, 7290.645455, 7130.219048, 7047.273118 ] }, { "date": "2024-01-05", "close": 7577.0, "volume": 405, "typical_volume": 330.8, "trend": 6958.966667, "fair_value": 5871.884615, "relative_strength": 10.09545, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.00896, "energy": 90.637658, "activity_lines": [ 7474.4, 7365.272727, 7183.588095, 7089.521505 ] }, { "date": "2024-01-12", "close": 7369.5, "volume": 768, "typical_volume": 341.7, "trend": 6986.416667, "fair_value": 5890.096154, "relative_strength": 7.708361, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.387271, "energy": 66.16652, "activity_lines": [ 7452.666667, 7385.8, 7213.152381, 7116.007527 ] }, { "date": "2024-01-19", "close": 7236.5, "volume": 588, "typical_volume": 351.2, "trend": 7015.966667, "fair_value": 5907.979167, "relative_strength": 7.777653, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.08978, "energy": 51.574373, "activity_lines": [ 7385.433333, 7373.172727, 7227.169048, 7132.141935 ] }, { "date": "2024-01-26", "close": 7389.5, "volume": 384, "typical_volume": 365.65, "trend": 7039.616667, "fair_value": 5928.293269, "relative_strength": 7.34295, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.306624, "energy": 41.846898, "activity_lines": [ 7375.666667, 7382.554545, 7253.77381, 7156.24086 ] }, { "date": "2024-02-02", "close": 7375.0, "volume": 318, "typical_volume": 345.9, "trend": 7067.583333, "fair_value": 5946.665064, "relative_strength": 7.22014, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.574935, "energy": 31.040715, "activity_lines": [ 7363.9, 7386.045455, 7275.466667, 7177.878495 ] }, { "date": "2024-02-09", "close": 7236.5, "volume": 995, "typical_volume": 392.95, "trend": 7082.766667, "fair_value": 5963.673077, "relative_strength": 5.649164, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.235601, "energy": 23.327725, "activity_lines": [ 7312.9, 7360.809091, 7281.780952, 7188.776344 ] }, { "date": "2024-02-16", "close": 7432.0, "volume": 24, "typical_volume": 374.35, "trend": 7097.233333, "fair_value": 5980.915064, "relative_strength": 6.392193, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.522617, "energy": 31.780701, "activity_lines": [ 7349.766667, 7370.618182, 7305.616667, 7211.307527 ] }, { "date": "2024-02-23", "close": 7605.5, "volume": 85, "typical_volume": 354.05, "trend": 7116.35, "fair_value": 5998.996795, "relative_strength": 8.749245, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 76.103999, "energy": 48.353841, "activity_lines": [ 7440.3, 7410.518182, 7344.164286, 7244.098925 ] }, { "date": "2024-03-01", "close": 7734.0, "volume": 361, "typical_volume": 363.8, "trend": 7140.933333, "fair_value": 6016.748397, "relative_strength": 10.714789, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.154068, "energy": 71.682844, "activity_lines": [ 7549.066667, 7468.836364, 7391.978571, 7283.947312 ] }, { "date": "2024-03-08", "close": 7851.5, "volume": 702, "typical_volume": 395.3, "trend": 7171.316667, "fair_value": 6034.584936, "relative_strength": 12.404822, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.000861, "energy": 90.287605, "activity_lines": [ 7674.033333, 7543.027273, 7447.247619, 7329.790323 ] }, { "date": "2024-03-15", "close": 8112.5, "volume": 349, "typical_volume": 390.8, "trend": 7217.466667, "fair_value": 6054.161859, "relative_strength": 14.566277, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 92.226398, "energy": 96.265585, "activity_lines": [ 7854.233333, 7657.9, 7522.378571, 7390.511828 ] }, { "date": "2024-03-22", "close": 8381.5, "volume": 405, "typical_volume": 397.45, "trend": 7271.366667, "fair_value": 6075.700321, "relative_strength": 14.72176, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.614996, "energy": 98.024344, "activity_lines": [ 8065.7, 7811.945455, 7616.290476, 7465.610753 ] }, { "date": "2024-03-29", "close": 8524.0, "volume": 34198, "typical_volume": 2106.0, "trend": 7328.166667, "fair_value": 6098.075321, "relative_strength": 15.758084, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.202649, "energy": 97.380878, "activity_lines": [ 8261.366667, 7973.5, 7716.604762, 7546.425806 ] }, { "date": "2024-04-05", "close": 8688.0, "volume": 1500, "typical_volume": 2134.7, "trend": 7396.166667, "fair_value": 6120.998397, "relative_strength": 17.945704, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.531336, "energy": 96.885215, "activity_lines": [ 8450.466667, 8141.463636, 7824.885714, 7634.156989 ] }, { "date": "2024-04-12", "close": 8510.5, "volume": 1218, "typical_volume": 2166.65, "trend": 7449.333333, "fair_value": 6142.520833, "relative_strength": 13.822241, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.527726, "energy": 88.487818, "activity_lines": [ 8516.8, 8253.545455, 7909.22619, 7706.049462 ] }, { "date": "2024-04-19", "close": 8640.5, "volume": 267, "typical_volume": 2158.35, "trend": 7503.816667, "fair_value": 6165.783654, "relative_strength": 16.425779, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.549133, "energy": 85.506428, "activity_lines": [ 8582.533333, 8368.618182, 7999.611905, 7782.898925 ] }, { "date": "2024-04-26", "close": 8970.0, "volume": 1064, "typical_volume": 2209.95, "trend": 7567.766667, "fair_value": 6189.129808, "relative_strength": 16.583063, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.424695, "energy": 75.264566, "activity_lines": [ 8722.9, 8518.072727, 8114.561905, 7877.491398 ] }, { "date": "2024-05-03", "close": 8919.5, "volume": 2447, "typical_volume": 2313.75, "trend": 7632.366667, "fair_value": 6211.786859, "relative_strength": 14.273478, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.515806, "energy": 71.381719, "activity_lines": [ 8807.2, 8630.381818, 8216.997619, 7964.7 ] }, { "date": "2024-05-10", "close": 9216.5, "volume": 829, "typical_volume": 2351.5, "trend": 7707.933333, "fair_value": 6235.709936, "relative_strength": 14.387562, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.497772, "energy": 74.71997, "activity_lines": [ 8964.133333, 8772.8, 8340.166667, 8066.902151 ] }, { "date": "2024-05-17", "close": 9352.0, "volume": 938, "typical_volume": 2392.25, "trend": 7792.916667, "fair_value": 6260.498397, "relative_strength": 15.625645, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.090595, "energy": 79.083675, "activity_lines": [ 9131.0, 8912.9, 8467.742857, 8172.970968 ] }, { "date": "2024-05-24", "close": 9246.5, "volume": 1102, "typical_volume": 2427.1, "trend": 7878.583333, "fair_value": 6284.036859, "relative_strength": 15.134903, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.134606, "energy": 71.649182, "activity_lines": [ 9206.6, 9006.536364, 8576.352381, 8266.750538 ] }, { "date": "2024-05-31", "close": 9300.5, "volume": 141, "typical_volume": 2395.75, "trend": 7959.4, "fair_value": 6307.857372, "relative_strength": 15.770975, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.841597, "energy": 69.371074, "activity_lines": [ 9259.8, 9089.372727, 8682.154762, 8358.487097 ] }, { "date": "2024-06-07", "close": 9214.0, "volume": 402, "typical_volume": 2386.45, "trend": 8035.966667, "fair_value": 6331.540064, "relative_strength": 14.518099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.334427, "energy": 66.129054, "activity_lines": [ 9262.133333, 9139.772727, 8770.52381, 8439.429032 ] }, { "date": "2024-06-14", "close": 8573.5, "volume": 1756, "typical_volume": 2455.05, "trend": 8081.4, "fair_value": 6352.31891, "relative_strength": 7.431174, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.79222, "energy": 47.278973, "activity_lines": [ 9031.333333, 9061.172727, 8788.47619, 8474.108602 ] }, { "date": "2024-06-21", "close": 8733.0, "volume": 689, "typical_volume": 2473.6, "trend": 8133.166667, "fair_value": 6373.274038, "relative_strength": 7.781092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.419629, "energy": 33.121441, "activity_lines": [ 8896.566667, 9013.654545, 8815.980952, 8516.147312 ] }, { "date": "2024-06-28", "close": 8792.0, "volume": 243, "typical_volume": 2436.0, "trend": 8185.933333, "fair_value": 6395.424679, "relative_strength": 9.082329, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.641602, "energy": 28.284461, "activity_lines": [ 8822.733333, 8972.818182, 8842.638095, 8558.652688 ] }, { "date": "2024-07-05", "close": 9056.0, "volume": 2055, "typical_volume": 2537.55, "trend": 8242.733333, "fair_value": 6419.774038, "relative_strength": 11.371845, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.575216, "energy": 29.627308, "activity_lines": [ 8867.2, 8977.227273, 8887.030952, 8614.786022 ] }, { "date": "2024-07-12", "close": 9067.5, "volume": 154, "typical_volume": 2541.0, "trend": 8300.533333, "fair_value": 6444.988782, "relative_strength": 10.451258, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.899075, "energy": 28.426223, "activity_lines": [ 8931.8, 8982.163636, 8924.785714, 8667.996774 ] }, { "date": "2024-07-19", "close": 9114.0, "volume": 109, "typical_volume": 2528.4, "trend": 8356.6, "fair_value": 6470.075321, "relative_strength": 11.898695, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 59.91214, "energy": 39.327811, "activity_lines": [ 9021.666667, 8992.863636, 8960.007143, 8720.478495 ] }, { "date": "2024-07-26", "close": 9258.0, "volume": 698, "typical_volume": 2528.2, "trend": 8415.9, "fair_value": 6495.658654, "relative_strength": 11.446727, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.646382, "energy": 48.591201, "activity_lines": [ 9123.5, 9031.609091, 9002.371429, 8778.633333 ] }, { "date": "2024-08-02", "close": 8589.5, "volume": 320, "typical_volume": 2526.75, "trend": 8449.65, "fair_value": 6515.655449, "relative_strength": 4.551093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.498694, "energy": 20.154114, "activity_lines": [ 8967.5, 8950.518182, 8974.371429, 8789.833333 ] }, { "date": "2024-08-09", "close": 8670.0, "volume": 791, "typical_volume": 2546.05, "trend": 8493.0, "fair_value": 6535.591346, "relative_strength": 5.335859, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 12.140116, "energy": 7.728664, "activity_lines": [ 8851.833333, 8896.009091, 8951.766667, 8804.049462 ] }, { "date": "2024-08-16", "close": 8978.5, "volume": 160, "typical_volume": 844.15, "trend": 8551.066667, "fair_value": 6558.697115, "relative_strength": 6.889373, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 20.36744, "energy": 12.257002, "activity_lines": [ 8864.733333, 8909.054545, 8957.169048, 8835.372043 ] }, { "date": "2024-08-23", "close": 9063.5, "volume": 614, "typical_volume": 799.85, "trend": 8606.866667, "fair_value": 6581.674679, "relative_strength": 7.348565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 24.677594, "energy": 15.702776, "activity_lines": [ 8911.9, 8941.836364, 8968.502381, 8868.432258 ] }, { "date": "2024-08-30", "close": 9145.5, "volume": 688, "typical_volume": 773.35, "trend": 8665.883333, "fair_value": 6605.168269, "relative_strength": 7.326093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 43.009398, "energy": 20.635311, "activity_lines": [ 8989.766667, 8980.618182, 8985.857143, 8903.182796 ] }, { "date": "2024-09-06", "close": 8888.5, "volume": 218, "typical_volume": 770.9, "trend": 8720.95, "fair_value": 6627.610577, "relative_strength": 6.400402, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.87215, "energy": 18.977387, "activity_lines": [ 8989.466667, 8965.172727, 8975.711905, 8917.545161 ] }, { "date": "2024-09-13", "close": 9061.5, "volume": 419, "typical_volume": 738.65, "trend": 8775.266667, "fair_value": 6650.697115, "relative_strength": 6.870759, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.06277, "energy": 23.282071, "activity_lines": [ 9026.9, 8979.427273, 8980.861905, 8939.516129 ] }, { "date": "2024-09-20", "close": 9219.0, "volume": 141, "typical_volume": 623.35, "trend": 8829.05, "fair_value": 6674.363782, "relative_strength": 8.871982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.563404, "energy": 35.291931, "activity_lines": [ 9090.733333, 9022.218182, 9000.57619, 8968.144086 ] }, { "date": "2024-09-27", "close": 9281.5, "volume": 73, "typical_volume": 585.55, "trend": 8880.633333, "fair_value": 6697.908654, "relative_strength": 8.033109, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.500113, "energy": 41.675292, "activity_lines": [ 9159.366667, 9073.618182, 9024.816667, 8997.334409 ] }, { "date": "2024-10-04", "close": 9063.0, "volume": 123, "typical_volume": 544.8, "trend": 8921.016667, "fair_value": 6718.514423, "relative_strength": 5.681242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.540651, "energy": 35.754138, "activity_lines": [ 9140.633333, 9082.245455, 9027.938095, 9009.1 ] }, { "date": "2024-10-11", "close": 9225.5, "volume": 751, "typical_volume": 527.25, "trend": 8958.116667, "fair_value": 6739.892628, "relative_strength": 7.520844, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 52.708917, "energy": 38.137369, "activity_lines": [ 9181.566667, 9123.963636, 9047.911905, 9028.744086 ] }, { "date": "2024-10-18", "close": 9364.0, "volume": 530, "typical_volume": 546.7, "trend": 8990.866667, "fair_value": 6762.091346, "relative_strength": 7.369378, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.19463, "energy": 44.373638, "activity_lines": [ 9246.2, 9179.3, 9081.17619, 9054.930108 ] }, { "date": "2024-10-25", "close": 9213.5, "volume": 1382, "typical_volume": 595.7, "trend": 9013.85, "fair_value": 6783.225962, "relative_strength": 6.650484, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.482598, "energy": 32.004943, "activity_lines": [ 9240.5, 9194.654545, 9099.804762, 9069.293548 ] }, { "date": "2024-11-01", "close": 9435.5, "volume": 560, "typical_volume": 535.9, "trend": 9038.766667, "fair_value": 6804.9375, "relative_strength": 9.71942, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.593368, "energy": 54.344464, "activity_lines": [ 9309.166667, 9246.1, 9139.578571, 9096.496774 ] }, { "date": "2024-11-08", "close": 9181.0, "volume": 638, "typical_volume": 533.35, "trend": 9061.116667, "fair_value": 6825.261218, "relative_strength": 7.756661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.704534, "energy": 42.869226, "activity_lines": [ 9282.733333, 9244.509091, 9151.009524, 9105.673118 ] }, { "date": "2024-11-15", "close": 9395.0, "volume": 1012, "typical_volume": 571.8, "trend": 9086.266667, "fair_value": 6848.751603, "relative_strength": 9.979385, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.920961, "energy": 43.812041, "activity_lines": [ 9319.766667, 9281.181818, 9180.688095, 9127.213978 ] }, { "date": "2024-11-22", "close": 9134.5, "volume": 399, "typical_volume": 489.0, "trend": 9091.75, "fair_value": 6872.350962, "relative_strength": 4.083639, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 39.789063, "energy": 23.696263, "activity_lines": [ 9258.666667, 9261.281818, 9182.685714, 9130.325806 ] }, { "date": "2024-11-29", "close": 9131.5, "volume": 665, "typical_volume": 514.55, "trend": 9098.816667, "fair_value": 6895.325321, "relative_strength": 3.462542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.969192, "energy": 14.994341, "activity_lines": [ 9211.866667, 9239.509091, 9184.02381, 9132.890323 ] }, { "date": "2024-12-06", "close": 9461.5, "volume": 222, "typical_volume": 520.2, "trend": 9106.983333, "fair_value": 6919.799679, "relative_strength": 6.607997, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.062752, "energy": 27.923605, "activity_lines": [ 9280.533333, 9279.327273, 9216.485714, 9156.289247 ] }, { "date": "2024-12-13", "close": 9580.0, "volume": 691, "typical_volume": 519.85, "trend": 9114.583333, "fair_value": 6945.520833, "relative_strength": 7.690069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.586387, "energy": 34.558745, "activity_lines": [ 9386.966667, 9337.418182, 9258.578571, 9186.806452 ] }, { "date": "2024-12-20", "close": 9297.0, "volume": 249, "typical_volume": 516.3, "trend": 9116.266667, "fair_value": 6968.504808, "relative_strength": 6.943204, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.26647, "energy": 36.281428, "activity_lines": [ 9372.466667, 9334.654545, 9272.185714, 9198.575269 ] }, { "date": "2024-12-27", "close": 9419.0, "volume": 278, "typical_volume": 490.65, "trend": 9120.216667, "fair_value": 6992.206731, "relative_strength": 7.118464, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.627591, "energy": 47.094008, "activity_lines": [ 9405.166667, 9352.772727, 9294.042857, 9218.106452 ] }, { "date": "2025-01-03", "close": 9467.0, "volume": 703, "typical_volume": 517.8, "trend": 9128.65, "fair_value": 7013.844551, "relative_strength": 6.378614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.939221, "energy": 48.938837, "activity_lines": [ 9434.9, 9378.618182, 9316.904762, 9240.47957 ] }, { "date": "2025-01-10", "close": 9760.0, "volume": 2245, "typical_volume": 599.35, "trend": 9168.2, "fair_value": 7036.3125, "relative_strength": 8.925683, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.386657, "energy": 55.897564, "activity_lines": [ 9539.933333, 9453.127273, 9365.345238, 9281.211828 ] }, { "date": "2025-01-17", "close": 10267.0, "volume": 28397, "typical_volume": 1984.8, "trend": 9219.333333, "fair_value": 7063.597756, "relative_strength": 10.66071, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.891318, "energy": 81.655958, "activity_lines": [ 9794.066667, 9613.918182, 9458.754762, 9352.102151 ] }, { "date": "2025-01-24", "close": 10482.0, "volume": 7657, "typical_volume": 2356.75, "trend": 9275.666667, "fair_value": 7091.972756, "relative_strength": 12.489733, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.870098, "energy": 91.550689, "activity_lines": [ 10074.066667, 9794.054545, 9567.3, 9433.564516 ] }, { "date": "2025-01-31", "close": 10555.0, "volume": 3904, "typical_volume": 2531.0, "trend": 9325.633333, "fair_value": 7119.209936, "relative_strength": 10.550315, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.43622, "energy": 94.33234, "activity_lines": [ 10299.4, 9967.7, 9675.209524, 9516.102151 ] }, { "date": "2025-02-07", "close": 10896.0, "volume": 3001, "typical_volume": 2674.0, "trend": 9386.583333, "fair_value": 7147.463141, "relative_strength": 13.187493, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.175061, "energy": 95.622484, "activity_lines": [ 10562.666667, 10177.518182, 9808.483333, 9617.416129 ] }, { "date": "2025-02-14", "close": 11114.0, "volume": 5048, "typical_volume": 2922.75, "trend": 9453.25, "fair_value": 7179.264423, "relative_strength": 14.414544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.134586, "energy": 95.326152, "activity_lines": [ 10803.333333, 10394.890909, 9954.533333, 9728.862366 ] }, { "date": "2025-02-21", "close": 11333.0, "volume": 7178, "typical_volume": 3275.5, "trend": 9522.416667, "fair_value": 7215.017628, "relative_strength": 17.002962, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.387219, "energy": 95.48251, "activity_lines": [ 11026.733333, 10622.036364, 10112.714286, 9850.136559 ] }, { "date": "2025-02-28", "close": 11760.0, "volume": 5027, "typical_volume": 3489.3, "trend": 9628.1, "fair_value": 7260.126603, "relative_strength": 18.670406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.271846, "energy": 96.704876, "activity_lines": [ 11321.4, 10894.945455, 10300.752381, 9994.496774 ] }, { "date": "2025-03-07", "close": 12286.0, "volume": 9263, "typical_volume": 3925.95, "trend": 9748.633333, "fair_value": 7306.870192, "relative_strength": 24.997964, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.546092, "energy": 97.45017, "activity_lines": [ 11706.2, 11218.709091, 10526.816667, 10165.974194 ] }, { "date": "2025-03-14", "close": 12186.0, "volume": 5789, "typical_volume": 4146.3, "trend": 9855.55, "fair_value": 7350.491987, "relative_strength": 23.902843, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.382539, "energy": 90.679527, "activity_lines": [ 11942.266667, 11472.163636, 10729.442857, 10323.223656 ] }, { "date": "2025-03-21", "close": 12300.0, "volume": 6497, "typical_volume": 4443.15, "trend": 9963.433333, "fair_value": 7395.421474, "relative_strength": 24.08635, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.607632, "energy": 80.03352, "activity_lines": [ 12130.333333, 11696.909091, 10928.771429, 10480.930108 ] }, { "date": "2025-03-28", "close": 12168.0, "volume": 8425, "typical_volume": 4832.5, "trend": 10064.183333, "fair_value": 7438.745192, "relative_strength": 21.901346, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.228363, "energy": 68.078604, "activity_lines": [ 12195.333333, 11851.472727, 11101.888095, 10623.160215 ] }, { "date": "2025-04-04", "close": 10614.0, "volume": 22335, "typical_volume": 5898.65, "trend": 10121.7, "fair_value": 7473.120192, "relative_strength": 13.888067, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.063345, "energy": 48.626868, "activity_lines": [ 11686.666667, 11688.927273, 11112.780952, 10658.632258 ] }, { "date": "2025-04-11", "close": 11012.0, "volume": 15043, "typical_volume": 6630.85, "trend": 10186.716667, "fair_value": 7510.209936, "relative_strength": 18.876828, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.139017, "energy": 29.346545, "activity_lines": [ 11387.066667, 11596.345455, 11155.77381, 10716.070968 ] }, { "date": "2025-04-18", "close": 11586.0, "volume": 3635, "typical_volume": 6779.35, "trend": 10265.616667, "fair_value": 7550.014423, "relative_strength": 19.760169, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.55431, "energy": 24.600031, "activity_lines": [ 11363.733333, 11599.818182, 11244.492857, 10806.347312 ] }, { "date": "2025-04-25", "close": 12108.0, "volume": 3070, "typical_volume": 6921.75, "trend": 10359.833333, "fair_value": 7594.344551, "relative_strength": 22.401503, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.176627, "energy": 28.38186, "activity_lines": [ 11554.4, 11685.654545, 11371.238095, 10925.210753 ] }, { "date": "2025-05-02", "close": 12389.0, "volume": 3738, "typical_volume": 7074.1, "trend": 10470.7, "fair_value": 7641.033654, "relative_strength": 21.895297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.109834, "energy": 42.230905, "activity_lines": [ 11851.533333, 11804.509091, 11512.142857, 11056.124731 ] }, { "date": "2025-05-09", "close": 12660.0, "volume": 4757, "typical_volume": 7299.5, "trend": 10585.183333, "fair_value": 7688.780449, "relative_strength": 24.384292, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.401027, "energy": 60.700342, "activity_lines": [ 12224.266667, 11953.436364, 11665.480952, 11197.369892 ] }, { "date": "2025-05-16", "close": 13041.0, "volume": 7155, "typical_volume": 7643.35, "trend": 10707.75, "fair_value": 7738.9375, "relative_strength": 25.42002, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.383951, "energy": 77.176896, "activity_lines": [ 12587.6, 12155.272727, 11839.090476, 11355.809677 ] }, { "date": "2025-05-23", "close": 12984.0, "volume": 6503, "typical_volume": 7933.35, "trend": 10833.433333, "fair_value": 7786.174679, "relative_strength": 23.643412, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.168543, "energy": 76.393557, "activity_lines": [ 12796.666667, 12333.018182, 11990.02381, 11502.664516 ] }, { "date": "2025-05-30", "close": 13182.0, "volume": 4658, "typical_volume": 8054.0, "trend": 10958.316667, "fair_value": 7834.9375, "relative_strength": 24.000573, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.541768, "energy": 78.837184, "activity_lines": [ 12978.533333, 12532.254545, 12143.066667, 11654.184946 ] }, { "date": "2025-06-06", "close": 13315.0, "volume": 4863, "typical_volume": 6877.3, "trend": 11096.116667, "fair_value": 7886.918269, "relative_strength": 23.560437, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.718622, "energy": 77.061317, "activity_lines": [ 13133.133333, 12739.636364, 12292.480952, 11806.229032 ] }, { "date": "2025-06-13", "close": 13057.0, "volume": 2870, "typical_volume": 6637.95, "trend": 11218.183333, "fair_value": 7937.536859, "relative_strength": 20.190724, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.644937, "energy": 60.846087, "activity_lines": [ 13140.0, 12879.254545, 12402.809524, 11932.737634 ] }, { "date": "2025-06-20", "close": 13072.0, "volume": 2491, "typical_volume": 6567.3, "trend": 11349.433333, "fair_value": 7987.677885, "relative_strength": 20.558156, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.16411, "energy": 52.596651, "activity_lines": [ 13125.4, 12977.181818, 12502.304762, 12052.33871 ] }, { "date": "2025-06-27", "close": 13319.0, "volume": 2563, "typical_volume": 6545.4, "trend": 11489.016667, "fair_value": 8040.674679, "relative_strength": 21.671204, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.495307, "energy": 51.315972, "activity_lines": [ 13191.066667, 13082.563636, 12613.338095, 12179.407527 ] }, { "date": "2025-07-04", "close": 13396.0, "volume": 3483, "typical_volume": 6467.15, "trend": 11620.166667, "fair_value": 8094.634615, "relative_strength": 21.264847, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.834524, "energy": 52.871848, "activity_lines": [ 13260.066667, 13170.436364, 12720.166667, 12302.43871 ] }, { "date": "2025-07-11", "close": 13642.0, "volume": 4656, "typical_volume": 6341.05, "trend": 11755.566667, "fair_value": 8151.826923, "relative_strength": 21.065088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.327653, "energy": 68.335719, "activity_lines": [ 13396.8, 13279.618182, 12839.557143, 12432.87957 ] }, { "date": "2025-07-18", "close": 13731.0, "volume": 2212, "typical_volume": 6200.3, "trend": 11903.366667, "fair_value": 8208.604167, "relative_strength": 20.411381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.910023, "energy": 77.046921, "activity_lines": [ 13541.4, 13382.2, 12956.428571, 12560.326882 ] }, { "date": "2025-07-25", "close": 14280.0, "volume": 5182, "typical_volume": 5996.25, "trend": 12065.4, "fair_value": 8268.155449, "relative_strength": 22.631646, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.49537, "energy": 87.674322, "activity_lines": [ 13824.066667, 13565.127273, 13116.2, 12713.658065 ] }, { "date": "2025-08-01", "close": 14196.0, "volume": 6051, "typical_volume": 6009.35, "trend": 12223.033333, "fair_value": 8325.94391, "relative_strength": 21.6622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.786664, "energy": 85.206131, "activity_lines": [ 13998.2, 13710.254545, 13258.47619, 12851.116129 ] }, { "date": "2025-08-08", "close": 15103.0, "volume": 4430, "typical_volume": 5906.0, "trend": 12401.133333, "fair_value": 8388.536859, "relative_strength": 27.90459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 91.273822, "energy": 91.742081, "activity_lines": [ 14416.2, 13998.254545, 13477.561905, 13036.92043 ] }, { "date": "2025-08-15", "close": 15468.0, "volume": 6856, "typical_volume": 5827.55, "trend": 12574.5, "fair_value": 8454.642628, "relative_strength": 29.204599, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.322487, "energy": 94.411961, "activity_lines": [ 14842.066667, 14317.690909, 13718.061905, 13234.782796 ] }, { "date": "2025-08-22", "close": 15561.0, "volume": 4243, "typical_volume": 4922.95, "trend": 12743.8, "fair_value": 8522.596154, "relative_strength": 26.358754, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.394623, "energy": 93.114277, "activity_lines": [ 15177.2, 14614.890909, 13951.704762, 13427.460215 ] }, { "date": "2025-08-29", "close": 14804.0, "volume": 7840, "typical_volume": 4562.8, "trend": 12885.433333, "fair_value": 8584.384615, "relative_strength": 21.050906, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.729614, "energy": 79.956336, "activity_lines": [ 15138.0, 14728.927273, 14089.695238, 13560.376344 ] }, { "date": "2025-09-05", "close": 14812.0, "volume": 4128, "typical_volume": 4587.45, "trend": 13015.966667, "fair_value": 8645.057692, "relative_strength": 19.93668, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.243802, "energy": 63.376604, "activity_lines": [ 15066.533333, 14812.927273, 14210.390476, 13684.670968 ] }, { "date": "2025-09-12", "close": 15331.0, "volume": 7959, "typical_volume": 4831.9, "trend": 13156.533333, "fair_value": 8707.910256, "relative_strength": 22.160715, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.85362, "energy": 60.559562, "activity_lines": [ 15127.0, 14964.145455, 14365.152381, 13834.027957 ] }, { "date": "2025-09-19", "close": 15485.0, "volume": 2638, "typical_volume": 4776.9, "trend": 13294.933333, "fair_value": 8772.820513, "relative_strength": 23.297331, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.934042, "energy": 56.399748, "activity_lines": [ 15223.6, 15108.181818, 14519.233333, 13984.251613 ] }, { "date": "2025-09-26", "close": 15614.0, "volume": 2627, "typical_volume": 4670.4, "trend": 13423.4, "fair_value": 8840.846154, "relative_strength": 22.434255, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.364023, "energy": 57.994822, "activity_lines": [ 15362.066667, 15242.163636, 14670.857143, 14133.868817 ] }, { "date": "2025-10-03", "close": 15658.0, "volume": 2491, "typical_volume": 4437.2, "trend": 13535.8, "fair_value": 8908.701923, "relative_strength": 19.181496, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.202883, "energy": 57.88957, "activity_lines": [ 15511.666667, 15349.909091, 14812.604762, 14278.036559 ] }, { "date": "2025-10-10", "close": 15267.0, "volume": 4722, "typical_volume": 4348.15, "trend": 13638.5, "fair_value": 8973.942308, "relative_strength": 16.182041, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.84992, "energy": 52.138467, "activity_lines": [ 15474.0, 15361.509091, 14904.652381, 14389.726882 ] }, { "date": "2025-10-17", "close": 15007.0, "volume": 23982, "typical_volume": 5314.35, "trend": 13728.733333, "fair_value": 9036.060897, "relative_strength": 14.330104, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.257786, "energy": 42.951068, "activity_lines": [ 15319.333333, 15306.363636, 14961.066667, 14478.017204 ] }, { "date": "2025-10-24", "close": 15196.0, "volume": 2968, "typical_volume": 5219.6, "trend": 13829.666667, "fair_value": 9099.346154, "relative_strength": 11.576198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.842071, "energy": 32.992281, "activity_lines": [ 15249.266667, 15287.327273, 15026.790476, 14572.67957 ] }, { "date": "2025-10-31", "close": 15868.0, "volume": 4716, "typical_volume": 5311.9, "trend": 14004.8, "fair_value": 9164.733974, "relative_strength": 14.900926, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.752056, "energy": 40.257499, "activity_lines": [ 15422.466667, 15395.418182, 15147.557143, 14704.184946 ] }, { "date": "2025-11-07", "close": 15936.0, "volume": 2962, "typical_volume": 5335.45, "trend": 14168.933333, "fair_value": 9230.477564, "relative_strength": 15.015459, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 67.437927, "energy": 44.993416, "activity_lines": [ 15601.4, 15510.290909, 15261.414286, 14828.778495 ] }, { "date": "2025-11-14", "close": 16512.0, "volume": 6492, "typical_volume": 5531.9, "trend": 14333.133333, "fair_value": 9299.403846, "relative_strength": 18.125316, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.73689, "energy": 64.085549, "activity_lines": [ 15953.8, 15709.309091, 15416.490476, 14979.944086 ] }, { "date": "2025-11-21", "close": 15893.0, "volume": 10628, "typical_volume": 5889.15, "trend": 14459.3, "fair_value": 9363.891026, "relative_strength": 14.730631, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.581137, "energy": 58.028975, "activity_lines": [ 16016.866667, 15764.872727, 15497.409524, 15080.580645 ] }, { "date": "2025-11-28", "close": 16641.0, "volume": 4943, "typical_volume": 5903.5, "trend": 14601.033333, "fair_value": 9433.608974, "relative_strength": 16.951067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.795184, "energy": 71.689473, "activity_lines": [ 16270.2, 15946.218182, 15637.67619, 15221.335484 ] }, { "date": "2025-12-05", "close": 16729.0, "volume": 12526, "typical_volume": 6419.2, "trend": 14736.666667, "fair_value": 9504.054487, "relative_strength": 17.308197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.158817, "energy": 72.38029, "activity_lines": [ 16456.533333, 16122.545455, 15772.042857, 15358.623656 ] }, { "date": "2025-12-12", "close": 17144.0, "volume": 28371, "typical_volume": 7578.65, "trend": 14873.433333, "fair_value": 9576.932692, "relative_strength": 19.472896, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.823226, "energy": 73.155788, "activity_lines": [ 16723.8, 16354.054545, 15931.657143, 15513.935484 ] }, { "date": "2025-12-19", "close": 17792.0, "volume": 7184, "typical_volume": 7635.3, "trend": 15033.7, "fair_value": 9652.371795, "relative_strength": 19.872898, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.371551, "energy": 87.475596, "activity_lines": [ 17126.533333, 16676.363636, 16139.347619, 15702.230108 ] }, { "date": "2025-12-26", "close": 17764.0, "volume": 1491, "typical_volume": 7488.35, "trend": 15186.433333, "fair_value": 9727.352564, "relative_strength": 19.025126, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.370842, "energy": 86.515859, "activity_lines": [ 17434.6, 16947.672727, 16327.247619, 15878.378495 ] }, { "date": "2026-01-02", "close": 18066.0, "volume": 5502, "typical_volume": 7420.65, "trend": 15344.8, "fair_value": 9801.544872, "relative_strength": 19.064594, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.769174, "energy": 89.505498, "activity_lines": [ 17718.6, 17223.763636, 16531.238095, 16064.156989 ] }, { "date": "2026-01-09", "close": 18012.0, "volume": 11445, "typical_volume": 7780.75, "trend": 15509.966667, "fair_value": 9874.50641, "relative_strength": 15.804285, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.722693, "energy": 85.699057, "activity_lines": [ 17889.6, 17437.854545, 16717.714286, 16236.234409 ] }, { "date": "2026-01-16", "close": 18293.0, "volume": 7151, "typical_volume": 7746.3, "trend": 15684.0, "fair_value": 9949.871795, "relative_strength": 15.500155, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.808196, "energy": 81.29012, "activity_lines": [ 18068.733333, 17664.054545, 16919.280952, 16415.784946 ] }, { "date": "2026-01-23", "close": 18113.0, "volume": 19510, "typical_volume": 8515.4, "trend": 15843.8, "fair_value": 10022.509615, "relative_strength": 14.612301, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.671988, "energy": 63.220669, "activity_lines": [ 18111.266667, 17814.672727, 17087.090476, 16572.494624 ] }, { "date": "2026-01-30", "close": 18595.0, "volume": 10716, "typical_volume": 8653.25, "trend": 16017.1, "fair_value": 10096.817308, "relative_strength": 15.879319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.617099, "energy": 67.396143, "activity_lines": [ 18293.066667, 18023.818182, 17285.085714, 16749.991398 ] }, { "date": "2026-02-06", "close": 18579.0, "volume": 13141, "typical_volume": 9178.4, "trend": 16181.666667, "fair_value": 10171.073718, "relative_strength": 13.39689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.472712, "energy": 63.451381, "activity_lines": [ 18414.133333, 18180.927273, 17466.014286, 16915.275269 ] }, { "date": "2026-02-13", "close": 17612.0, "volume": 9465, "typical_volume": 9520.3, "trend": 16311.033333, "fair_value": 10238.016026, "relative_strength": 6.172576, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.489727, "energy": 50.273121, "activity_lines": [ 18178.666667, 18126.981818, 17540.114286, 17007.554839 ] }, { "date": "2026-02-20", "close": 18524.0, "volume": 7445, "typical_volume": 9768.0, "trend": 16452.5, "fair_value": 10311.355769, "relative_strength": 8.599027, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.898058, "energy": 52.268256, "activity_lines": [ 18273.866667, 18222.8, 17691.557143, 17150.326882 ] }, { "date": "2026-02-27", "close": 18524.0, "volume": 16783, "typical_volume": 10371.05, "trend": 16596.766667, "fair_value": 10383.471154, "relative_strength": 5.909336, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.090882, "energy": 48.052997, "activity_lines": [ 18353.666667, 18293.527273, 17829.352381, 17283.972043 ] }, { "date": "2026-03-06", "close": 17047.0, "volume": 20601, "typical_volume": 10202.0, "trend": 16661.566667, "fair_value": 10448.657051, "relative_strength": 3.095813, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 32.320817, "energy": 20.334885, "activity_lines": [ 17913.733333, 18082.4, 17810.971429, 17313.019355 ] }, { "date": "2026-03-13", "close": 16418.0, "volume": 24549, "typical_volume": 11281.05, "trend": 16693.233333, "fair_value": 10515.387821, "relative_strength": -0.703544, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 7.102352, "energy": 12.799178, "activity_lines": [ 17367.333333, 17769.945455, 17722.971429, 17297.305376 ] }, { "date": "2026-03-20", "close": 16046.0, "volume": 10259, "typical_volume": 11558.2, "trend": 16709.4, "fair_value": 10580.032051, "relative_strength": 0.168228, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": -14.056455, "energy": 27.488856, "activity_lines": [ 16841.0, 17419.818182, 17593.72381, 17255.548387 ] }, { "date": "2026-03-27", "close": 16223.0, "volume": 20046, "typical_volume": 12412.4, "trend": 16756.7, "fair_value": 10643.650641, "relative_strength": 0.508188, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "mixed", "direction": -26.772872, "energy": 37.864477, "activity_lines": [ 16478.066667, 17137.618182, 17480.485714, 17224.167742 ] }, { "date": "2026-04-03", "close": 17000.0, "volume": 38607, "typical_volume": 14018.15, "trend": 16829.633333, "fair_value": 10711.435897, "relative_strength": 0.219521, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -20.698505, "energy": 32.206546, "activity_lines": [ 16527.533333, 17034.327273, 17439.880952, 17239.864516 ] }, { "date": "2026-04-10", "close": 18213.0, "volume": 52521, "typical_volume": 16112.8, "trend": 16925.7, "fair_value": 10785.083333, "relative_strength": 5.289452, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 20.135157, "energy": 17.565553, "activity_lines": [ 17082.933333, 17171.818182, 17512.47619, 17329.113978 ] }, { "date": "2026-04-17", "close": 18866.0, "volume": 24065, "typical_volume": 17068.9, "trend": 17038.4, "fair_value": 10863.096154, "relative_strength": 7.909766, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 49.910429, "energy": 27.888326, "activity_lines": [ 17778.266667, 17434.981818, 17636.214286, 17454.294624 ] }, { "date": "2026-04-24", "close": 17737.0, "volume": 20323, "typical_volume": 17458.75, "trend": 17109.166667, "fair_value": 10935.176282, "relative_strength": 3.94266, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 35.18536, "energy": 28.282235, "activity_lines": [ 17934.066667, 17487.654545, 17641.833333, 17499.365591 ] }, { "date": "2026-05-01", "close": 18039.0, "volume": 17618, "typical_volume": 16921.1, "trend": 17188.533333, "fair_value": 11009.810897, "relative_strength": 5.498048, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 38.530725, "energy": 31.782279, "activity_lines": [ 18077.8, 17592.963636, 17671.414286, 17559.354839 ] }, { "date": "2026-05-08", "close": 18113.0, "volume": 43620, "typical_volume": 18742.9, "trend": 17283.4, "fair_value": 11084.625, "relative_strength": 6.923207, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 48.023097, "energy": 32.996186, "activity_lines": [ 18125.133333, 17720.545455, 17703.780952, 17618.997849 ] }, { "date": "2026-05-15", "close": 18051.0, "volume": 12277, "typical_volume": 19282.2, "trend": 17384.866667, "fair_value": 11158.564103, "relative_strength": 6.618202, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.835027, "energy": 28.005417, "activity_lines": [ 18077.6, 17844.327273, 17728.714286, 17668.52043 ] }, { "date": "2026-05-22", "close": 18569.0, "volume": 4765, "typical_volume": 19245.35, "trend": 17497.3, "fair_value": 11235.926282, "relative_strength": 6.487717, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 55.435009, "energy": 33.159063, "activity_lines": [ 18213.533333, 18044.036364, 17801.614286, 17744.916129 ] }, { "date": "2026-05-29", "close": 18990.0, "volume": 9324, "typical_volume": 19139.3, "trend": 17601.366667, "fair_value": 11316.108974, "relative_strength": 9.093319, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 61.324695, "energy": 44.423653, "activity_lines": [ 18509.6, 18281.181818, 17912.214286, 17841.219355 ] }, { "date": "2026-06-05", "close": 18658.0, "volume": 8534, "typical_volume": 19208.45, "trend": 17692.1, "fair_value": 11394.221154, "relative_strength": 7.250634, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 55.557019, "energy": 48.74956, "activity_lines": [ 18611.466667, 18404.436364, 17986.538095, 17909.389247 ] }, { "date": "2026-06-12", "close": 19179.0, "volume": 1733, "typical_volume": 18319.6, "trend": 17781.0, "fair_value": 11475.201923, "relative_strength": 8.710904, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.908195, "energy": 62.739377, "activity_lines": [ 18845.733333, 18578.145455, 18108.742857, 18005.31828 ] }, { "date": "2026-06-19", "close": 20325.0, "volume": 413, "typical_volume": 17804.45, "trend": 17928.733333, "fair_value": 11564.785256, "relative_strength": 15.78857, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.937511, "energy": 77.726321, "activity_lines": [ 19390.933333, 18920.6, 18335.014286, 18169.447312 ] }, { "date": "2026-06-26", "close": 20067.5, "volume": 1206, "typical_volume": 17207.7, "trend": 18042.95, "fair_value": 11650.602564, "relative_strength": 12.242694, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.745751, "energy": 79.360896, "activity_lines": [ 19698.7, 19177.836364, 18528.52381, 18307.432258 ] }, { "date": "2026-07-03", "close": 20645.0, "volume": 640, "typical_volume": 16766.45, "trend": 18173.483333, "fair_value": 11741.044872, "relative_strength": 13.0934, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.227012, "energy": 87.600529, "activity_lines": [ 20099.066667, 19518.227273, 18769.945238, 18475.306452 ] }, { "date": "2026-07-10", "close": 20440.0, "volume": 12503, "typical_volume": 17019.35, "trend": 18283.35, "fair_value": 11828.602564, "relative_strength": 13.371065, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.136298, "energy": 86.789745, "activity_lines": [ 20320.766667, 19768.472727, 18977.4, 18621.533333 ] }, { "date": "2026-07-17", "close": 20247.5, "volume": 18324, "typical_volume": 17096.4, "trend": 18365.2, "fair_value": 11913.535256, "relative_strength": 10.736127, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.493328, "energy": 81.592435, "activity_lines": [ 20359.5, 19940.063636, 19157.397619, 18748.252688 ] }, { "date": "2026-07-24", "close": 20762.5, "volume": 14570, "typical_volume": 16794.85, "trend": 18465.15, "fair_value": 12001.551282, "relative_strength": 11.658134, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.483952, "energy": 85.839146, "activity_lines": [ 20498.666667, 20166.481818, 19378.235714, 18902.917204 ] }, { "date": "2026-07-31", "close": 21260.0, "volume": 5405, "typical_volume": 15837.65, "trend": 18571.616667, "fair_value": 12092.983974, "relative_strength": 12.458072, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.901366, "energy": 82.248943, "activity_lines": [ 20774.5, 20434.054545, 19628.761905, 19083.230108 ] }, { "date": "2026-08-07", "close": 21820.0, "volume": 8497, "typical_volume": 15749.55, "trend": 18698.55, "fair_value": 12188.36859, "relative_strength": 14.638473, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.209483, "energy": 87.949163, "activity_lines": [ 21157.5, 20754.518182, 19909.564286, 19292.803226 ] } ], "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." } } }