{ "ticker": { "uuid": "f05915fe-9948-4777-885c-54f4b3208ba4", "symbol": "O87", "name": "SPDR Gold Shares", "exchange": "SES", "country": "SG", "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": "^STI", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 77.957, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -51.468, "architecture_energy": 49.003, "architecture_maturity": 59.073, "architecture_confidence": 65.738, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 28.23, "rotation_up": 26.24, "upward_expansion": 19.85, "deceleration": 66.65, "rotation_down": 46.44, "downward_expansion": 69.85 }, "activity_lines": [ 379.798006, 379.067092, 392.033619, 404.746215 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 395.420013, "trend_reference": 420.876, "distance_from_trend": -0.060483, "trend_direction": "Weakening", "fair_value": 288.933205, "distance_from_fair_value": 0.368552, "fair_value_direction": "Weakening", "relative_strength": -16.295896, "relative_strength_direction": "Weakening", "price_momentum": -0.116182, "excess_performance": -0.271017, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.060483, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.008167, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.368552, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.227833, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.162959, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.217366, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.116182, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.517106, "read": "Supply-led" } ], "volume": { "latest": 56559, "relative_activity": 1.168574, "balance": 0.517106, "dry_up": 1.000811, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.037882, "annualized_volatility": 0.233799, "from_high_reference": -0.2307, "from_low_reference": 0.295185 }, "levels": { "trend_reference": 420.876, "fair_value_reference": 288.933205, "structural_low": 364.220001, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.008147, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.000342, "regime_survival": 0.7, "best_return": 0.092207, "worst_return": -0.054509, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.035285, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.044303, "regime_survival": 0.25, "best_return": 0.18915, "worst_return": -0.057978, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.120205, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.084883, "regime_survival": 0.0, "best_return": 0.122402, "worst_return": 0.097181, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.059082, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.049997, "regime_survival": 0.666667, "best_return": 0.454578, "worst_return": -0.029166, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-10-27", "end": "2023-11-03", "tenure": "New", "return": 0.001249, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2023-11-10", "end": "2023-12-01", "tenure": "New", "return": 0.046704, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-08", "end": "2024-01-26", "tenure": "Developing", "return": -0.004151, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-08", "tenure": "Developing", "return": 0.0522, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-15", "end": "2024-06-07", "tenure": "Established", "return": 0.080691, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-06-14", "end": "2024-07-12", "tenure": "Developing", "return": 0.03683, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-11-29", "tenure": "Established", "return": 0.094601, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-12-06", "end": "2025-01-24", "tenure": "Developing", "return": 0.048917, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-07-11", "tenure": "Established", "return": 0.192849, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-07-18", "end": "2025-08-08", "tenure": "New", "return": 0.018914, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-03-27", "tenure": "Extended", "return": 0.321419, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-05-22", "tenure": "Developing", "return": -0.020633, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-05-29", "end": "2026-06-26", "tenure": "Developing", "return": -0.108763, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.030196, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 175.720001, "volume": 25718, "typical_volume": 36729.1, "trend": 180.010667, "fair_value": 171.513526, "relative_strength": 4.350713, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -43.88413, "energy": 46.043997, "activity_lines": [ 178.206002, 178.950364, 180.383096, 180.726775 ] }, { "date": "2023-08-25", "close": 177.710007, "volume": 29418, "typical_volume": 33735.3, "trend": 179.961001, "fair_value": 171.47359, "relative_strength": 4.795514, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -28.637252, "energy": 49.306347, "activity_lines": [ 177.691337, 178.666002, 179.962478, 180.578345 ] }, { "date": "2023-09-01", "close": 180.399994, "volume": 9891, "typical_volume": 30199.9, "trend": 180.049001, "fair_value": 171.461475, "relative_strength": 4.716863, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.886783, "energy": 39.929494, "activity_lines": [ 178.367334, 178.956364, 179.845144, 180.606667 ] }, { "date": "2023-09-08", "close": 178.509995, "volume": 34752, "typical_volume": 27564.8, "trend": 180.258001, "fair_value": 171.433846, "relative_strength": 4.208446, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -24.779561, "energy": 34.118096, "activity_lines": [ 178.449332, 178.859818, 179.589238, 180.507377 ] }, { "date": "2023-09-15", "close": 177.990005, "volume": 20671, "typical_volume": 27563.65, "trend": 180.548334, "fair_value": 171.396731, "relative_strength": 1.340543, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.226281, "energy": 27.607186, "activity_lines": [ 178.422, 178.631637, 179.314048, 180.361054 ] }, { "date": "2023-09-22", "close": 178.699997, "volume": 22479, "typical_volume": 27237.85, "trend": 180.849667, "fair_value": 171.415, "relative_strength": 3.32135, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.713256, "energy": 19.191283, "activity_lines": [ 178.633332, 178.529818, 179.136762, 180.241807 ] }, { "date": "2023-09-29", "close": 173.690002, "volume": 34475, "typical_volume": 25981.75, "trend": 180.922667, "fair_value": 171.382051, "relative_strength": -0.12015, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.657918, "energy": 54.262206, "activity_lines": [ 176.976, 177.572, 178.53381, 179.779893 ] }, { "date": "2023-10-06", "close": 168.860001, "volume": 43965, "typical_volume": 25654.1, "trend": 180.865667, "fair_value": 171.312372, "relative_strength": -1.669529, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.248557, "energy": 82.924238, "activity_lines": [ 173.976667, 175.889273, 177.531858, 179.001656 ] }, { "date": "2023-10-13", "close": 174.669998, "volume": 56980, "typical_volume": 27516.95, "trend": 180.708001, "fair_value": 171.283013, "relative_strength": 1.211809, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.482902, "energy": 73.313004, "activity_lines": [ 173.683333, 175.482545, 177.148572, 178.601936 ] }, { "date": "2023-10-20", "close": 183.889999, "volume": 67986, "typical_volume": 29450.4, "trend": 180.682667, "fair_value": 171.311667, "relative_strength": 9.98134, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.009042, "energy": 26.302314, "activity_lines": [ 176.719333, 176.839454, 177.675619, 178.807226 ] }, { "date": "2023-10-27", "close": 184.199997, "volume": 60149, "typical_volume": 31310.95, "trend": 180.705001, "fair_value": 171.366923, "relative_strength": 10.313667, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.096443, "energy": 7.50996, "activity_lines": [ 179.465332, 178.145999, 178.221428, 179.034151 ] }, { "date": "2023-11-03", "close": 184.429993, "volume": 64989, "typical_volume": 33168.05, "trend": 180.599334, "fair_value": 171.3775, "relative_strength": 7.211861, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.647182, "energy": 38.388392, "activity_lines": [ 181.92133, 179.34018, 178.779713, 179.274473 ] }, { "date": "2023-11-10", "close": 181.139999, "volume": 57332, "typical_volume": 34483.2, "trend": 180.334, "fair_value": 171.405128, "relative_strength": 6.277027, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 21.007167, "energy": 36.469239, "activity_lines": [ 182.564664, 179.813998, 179.015094, 179.309354 ] }, { "date": "2023-11-17", "close": 184.369995, "volume": 46292, "typical_volume": 35779.8, "trend": 180.317667, "fair_value": 171.463526, "relative_strength": 7.215253, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.50358, "energy": 52.501864, "activity_lines": [ 183.465996, 180.861634, 179.543237, 179.569741 ] }, { "date": "2023-11-24", "close": 184.729996, "volume": 30744, "typical_volume": 36227.8, "trend": 180.330333, "fair_value": 171.559423, "relative_strength": 8.105059, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.628637, "energy": 57.646797, "activity_lines": [ 183.840663, 181.868179, 180.068046, 179.854407 ] }, { "date": "2023-12-01", "close": 189.600006, "volume": 63126, "typical_volume": 37677.95, "trend": 180.333333, "fair_value": 171.668077, "relative_strength": 10.733554, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 82.050786, "energy": 72.791294, "activity_lines": [ 185.782666, 183.637635, 181.023856, 180.452451 ] }, { "date": "2023-12-08", "close": 187.889999, "volume": 40883, "typical_volume": 37997.2, "trend": 180.379667, "fair_value": 171.770577, "relative_strength": 8.672193, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.534975, "energy": 68.620686, "activity_lines": [ 186.794666, 184.897999, 181.779285, 180.939978 ] }, { "date": "2023-12-15", "close": 189.279999, "volume": 18026, "typical_volume": 38477.7, "trend": 180.603, "fair_value": 171.852821, "relative_strength": 8.905349, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.139392, "energy": 69.274266, "activity_lines": [ 188.039333, 186.152908, 182.639618, 181.514193 ] }, { "date": "2023-12-22", "close": 190.179993, "volume": 42177, "typical_volume": 39821.1, "trend": 180.894333, "fair_value": 171.944103, "relative_strength": 8.250014, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.225334, "energy": 70.712383, "activity_lines": [ 189.041331, 187.20018, 183.545951, 182.132063 ] }, { "date": "2023-12-29", "close": 191.839996, "volume": 34859, "typical_volume": 40245.6, "trend": 181.234666, "fair_value": 172.043974, "relative_strength": 5.566208, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.974315, "energy": 69.063213, "activity_lines": [ 190.20933, 188.26727, 184.559379, 182.838235 ] }, { "date": "2024-01-05", "close": 189.199997, "volume": 52620, "typical_volume": 41590.7, "trend": 181.467332, "fair_value": 172.121987, "relative_strength": 5.68001, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.576, "energy": 58.832514, "activity_lines": [ 190.02333, 188.709816, 185.255569, 183.352127 ] }, { "date": "2024-01-12", "close": 188.809998, "volume": 39018, "typical_volume": 42070.7, "trend": 181.680332, "fair_value": 172.218205, "relative_strength": 5.025527, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.015763, "energy": 49.295046, "activity_lines": [ 189.733997, 188.990543, 185.850426, 183.825848 ] }, { "date": "2024-01-19", "close": 188.009995, "volume": 23069, "typical_volume": 42729.6, "trend": 182.013332, "fair_value": 172.304551, "relative_strength": 5.700804, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 57.720418, "energy": 43.317778, "activity_lines": [ 189.116663, 189.046179, 186.316236, 184.234213 ] }, { "date": "2024-01-26", "close": 187.110001, "volume": 22089, "typical_volume": 42096.45, "trend": 182.367999, "fair_value": 172.39359, "relative_strength": 4.724447, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 42.584641, "energy": 29.487732, "activity_lines": [ 188.283998, 188.81327, 186.660093, 184.56303 ] }, { "date": "2024-02-02", "close": 190.419998, "volume": 57664, "typical_volume": 43946.1, "trend": 182.787332, "fair_value": 172.527372, "relative_strength": 5.634259, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.363125, "energy": 32.402285, "activity_lines": [ 188.759331, 189.132361, 187.278236, 185.082514 ] }, { "date": "2024-02-09", "close": 188.380005, "volume": 11525, "typical_volume": 43398.4, "trend": 183.009332, "fair_value": 172.63109, "relative_strength": 5.569263, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.634339, "energy": 26.683047, "activity_lines": [ 188.649334, 188.97709, 187.642903, 185.443332 ] }, { "date": "2024-02-16", "close": 185.679993, "volume": 17384, "typical_volume": 42543.85, "trend": 183.127999, "fair_value": 172.75532, "relative_strength": 1.123367, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.024918, "energy": 19.911939, "activity_lines": [ 187.693998, 188.353089, 187.704331, 185.615633 ] }, { "date": "2024-02-23", "close": 187.300003, "volume": 16035, "typical_volume": 41147.35, "trend": 183.339999, "fair_value": 172.892372, "relative_strength": 2.944327, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.433475, "energy": 18.704046, "activity_lines": [ 187.487333, 188.063817, 187.862951, 185.884794 ] }, { "date": "2024-03-01", "close": 188.949997, "volume": 42254, "typical_volume": 40411.05, "trend": 183.655999, "fair_value": 173.086026, "relative_strength": 5.224147, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.406215, "energy": 18.534156, "activity_lines": [ 187.877999, 188.110544, 188.090903, 186.24673 ] }, { "date": "2024-03-08", "close": 200.360001, "volume": 90744, "typical_volume": 41548.95, "trend": 184.400665, "fair_value": 173.345385, "relative_strength": 10.805061, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 84.960052, "energy": 63.637083, "activity_lines": [ 191.949333, 190.254181, 189.337522, 187.324407 ] }, { "date": "2024-03-15", "close": 200.889999, "volume": 55429, "typical_volume": 41312.95, "trend": 185.239665, "fair_value": 173.586795, "relative_strength": 9.936401, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.508988, "energy": 90.465941, "activity_lines": [ 195.534666, 192.339272, 190.556189, 188.388235 ] }, { "date": "2024-03-22", "close": 200.800003, "volume": 40786, "typical_volume": 40102.8, "trend": 186.009332, "fair_value": 173.835577, "relative_strength": 8.172308, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.858197, "energy": 92.19633, "activity_lines": [ 198.256001, 194.195455, 191.686809, 189.392128 ] }, { "date": "2024-03-29", "close": 203.089996, "volume": 26403, "typical_volume": 38556.35, "trend": 186.765665, "fair_value": 174.106667, "relative_strength": 8.958462, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.962573, "energy": 93.258189, "activity_lines": [ 200.732666, 196.249999, 192.95757, 190.494106 ] }, { "date": "2024-04-05", "close": 211.630005, "volume": 182559, "typical_volume": 45369.7, "trend": 187.869666, "fair_value": 174.414551, "relative_strength": 13.406619, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.934341, "energy": 97.702873, "activity_lines": [ 205.003334, 199.583091, 194.937142, 192.098257 ] }, { "date": "2024-04-12", "close": 221.809998, "volume": 87039, "typical_volume": 48184.45, "trend": 189.330332, "fair_value": 174.775192, "relative_strength": 18.452269, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 98.000678, "energy": 98.890019, "activity_lines": [ 211.155334, 204.321273, 197.756428, 194.287956 ] }, { "date": "2024-04-19", "close": 221.0, "volume": 64324, "typical_volume": 48244.35, "trend": 190.740332, "fair_value": 175.11859, "relative_strength": 18.973479, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.71001, "energy": 96.498697, "activity_lines": [ 215.607333, 208.341455, 200.321999, 196.33116 ] }, { "date": "2024-04-26", "close": 217.100006, "volume": 62546, "typical_volume": 49327.5, "trend": 192.187332, "fair_value": 175.447756, "relative_strength": 12.818591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.487757, "energy": 87.209877, "activity_lines": [ 217.418669, 211.059456, 202.366619, 198.031784 ] }, { "date": "2024-05-03", "close": 213.080002, "volume": 46173, "typical_volume": 50734.85, "trend": 193.661332, "fair_value": 175.718141, "relative_strength": 10.056617, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.940189, "energy": 70.336397, "activity_lines": [ 216.803336, 212.475274, 203.889286, 199.379699 ] }, { "date": "2024-05-10", "close": 219.449997, "volume": 104993, "typical_volume": 53875.65, "trend": 195.153999, "fair_value": 176.023205, "relative_strength": 13.106805, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.417887, "energy": 68.730523, "activity_lines": [ 217.645334, 214.580546, 205.905286, 201.043483 ] }, { "date": "2024-05-17", "close": 220.770004, "volume": 37008, "typical_volume": 53983.1, "trend": 196.383332, "fair_value": 176.312051, "relative_strength": 12.651484, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.421085, "energy": 67.144712, "activity_lines": [ 218.406002, 216.371274, 207.90762, 202.696129 ] }, { "date": "2024-05-24", "close": 216.5, "volume": 54532, "typical_volume": 54078.7, "trend": 197.459999, "fair_value": 176.564103, "relative_strength": 10.058393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.983678, "energy": 57.38872, "activity_lines": [ 217.812668, 217.014547, 209.365524, 203.993978 ] }, { "date": "2024-05-31", "close": 216.800003, "volume": 21774, "typical_volume": 53216.5, "trend": 198.538999, "fair_value": 176.832115, "relative_strength": 9.279548, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.072239, "energy": 54.023041, "activity_lines": [ 217.619335, 217.428547, 210.722001, 205.241721 ] }, { "date": "2024-06-07", "close": 217.100006, "volume": 48047, "typical_volume": 54465.4, "trend": 199.737666, "fair_value": 177.085898, "relative_strength": 9.338949, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.872564, "energy": 47.702685, "activity_lines": [ 217.546003, 217.606184, 211.973763, 206.439205 ] }, { "date": "2024-06-14", "close": 214.5, "volume": 43120, "typical_volume": 55516.95, "trend": 200.742, "fair_value": 177.386218, "relative_strength": 8.798701, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.841393, "energy": 34.967343, "activity_lines": [ 216.338002, 217.056366, 212.839382, 207.391614 ] }, { "date": "2024-06-21", "close": 219.139999, "volume": 27764, "typical_volume": 54021.95, "trend": 201.889, "fair_value": 177.721539, "relative_strength": 10.493991, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.313496, "energy": 36.307111, "activity_lines": [ 217.006668, 217.298002, 214.016477, 208.578581 ] }, { "date": "2024-06-28", "close": 215.850006, "volume": 33800, "typical_volume": 55135.7, "trend": 202.764, "fair_value": 178.03609, "relative_strength": 7.625244, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.692827, "energy": 29.355195, "activity_lines": [ 216.687336, 216.990002, 214.743478, 209.479291 ] }, { "date": "2024-07-05", "close": 218.699997, "volume": 49081, "typical_volume": 56720.55, "trend": 203.791, "fair_value": 178.356603, "relative_strength": 6.298377, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.497113, "energy": 34.952953, "activity_lines": [ 217.361334, 217.29382, 215.611097, 210.50742 ] }, { "date": "2024-07-12", "close": 222.399994, "volume": 21732, "typical_volume": 57005.4, "trend": 204.895, "fair_value": 178.687564, "relative_strength": 5.15268, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 66.417814, "energy": 44.954025, "activity_lines": [ 219.141998, 218.241273, 216.673858, 211.708 ] }, { "date": "2024-07-19", "close": 224.100006, "volume": 38873, "typical_volume": 56836.35, "trend": 206.025667, "fair_value": 179.041987, "relative_strength": 7.177817, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.957799, "energy": 48.508631, "activity_lines": [ 221.136001, 219.328365, 217.731382, 212.947033 ] }, { "date": "2024-07-26", "close": 219.699997, "volume": 42055, "typical_volume": 54401.9, "trend": 206.954334, "fair_value": 179.352885, "relative_strength": 5.371201, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.78254, "energy": 48.70561, "activity_lines": [ 221.023333, 219.530909, 218.202477, 213.829248 ] }, { "date": "2024-08-02", "close": 227.979996, "volume": 42444, "typical_volume": 53752.65, "trend": 208.247, "fair_value": 179.735833, "relative_strength": 10.347941, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.657212, "energy": 63.59693, "activity_lines": [ 223.633331, 221.258363, 219.370048, 215.185742 ] }, { "date": "2024-08-09", "close": 221.5, "volume": 34662, "typical_volume": 53446.45, "trend": 209.336667, "fair_value": 180.104423, "relative_strength": 10.660177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 57.608961, "energy": 43.297625, "activity_lines": [ 223.274665, 221.598908, 219.791476, 216.040775 ] }, { "date": "2024-08-16", "close": 227.759995, "volume": 45024, "typical_volume": 54377.5, "trend": 210.661667, "fair_value": 180.501667, "relative_strength": 10.263112, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.175633, "energy": 46.262632, "activity_lines": [ 224.815998, 222.99218, 220.710524, 217.229376 ] }, { "date": "2024-08-23", "close": 231.100006, "volume": 25487, "typical_volume": 46523.9, "trend": 212.128, "fair_value": 180.906154, "relative_strength": 10.290604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.05789, "energy": 61.729292, "activity_lines": [ 227.113333, 224.798909, 221.830191, 218.547979 ] }, { "date": "2024-08-30", "close": 233.470001, "volume": 27921, "typical_volume": 43568.0, "trend": 213.563, "fair_value": 181.317244, "relative_strength": 9.235505, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.404148, "energy": 65.999803, "activity_lines": [ 229.734001, 226.734727, 223.082857, 219.924882 ] }, { "date": "2024-09-06", "close": 231.800003, "volume": 23287, "typical_volume": 41516.15, "trend": 215.010334, "fair_value": 181.723013, "relative_strength": 7.709736, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.668853, "energy": 71.275538, "activity_lines": [ 230.880002, 228.106364, 224.120953, 221.101463 ] }, { "date": "2024-09-13", "close": 236.5, "volume": 30346, "typical_volume": 39906.15, "trend": 216.704334, "fair_value": 182.181218, "relative_strength": 6.159266, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.458344, "energy": 84.26811, "activity_lines": [ 233.338001, 230.042546, 225.555238, 222.487893 ] }, { "date": "2024-09-20", "close": 241.199997, "volume": 59773, "typical_volume": 40586.15, "trend": 218.501, "fair_value": 182.675449, "relative_strength": 6.062093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.565644, "energy": 89.655847, "activity_lines": [ 236.362667, 232.509636, 227.344762, 224.068258 ] }, { "date": "2024-09-27", "close": 246.300003, "volume": 46620, "typical_volume": 37667.5, "trend": 220.412667, "fair_value": 183.203269, "relative_strength": 9.361689, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.444756, "energy": 93.960434, "activity_lines": [ 240.191334, 235.562182, 229.486096, 225.861742 ] }, { "date": "2024-10-04", "close": 245.619995, "volume": 65576, "typical_volume": 39095.9, "trend": 221.921334, "fair_value": 183.725, "relative_strength": 8.078003, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.533083, "energy": 91.754511, "activity_lines": [ 242.779999, 238.087454, 231.434809, 227.488022 ] }, { "date": "2024-10-11", "close": 243.0, "volume": 59309, "typical_volume": 39334.75, "trend": 223.325, "fair_value": 184.212692, "relative_strength": 6.957267, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.768764, "energy": 85.606561, "activity_lines": [ 243.685332, 239.665091, 233.015666, 228.847936 ] }, { "date": "2024-10-18", "close": 250.399994, "volume": 31752, "typical_volume": 39833.65, "trend": 224.978334, "fair_value": 184.74391, "relative_strength": 7.908696, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.342211, "energy": 90.326589, "activity_lines": [ 246.310664, 242.31509, 235.175094, 230.594709 ] }, { "date": "2024-10-25", "close": 252.399994, "volume": 41504, "typical_volume": 39506.5, "trend": 226.622, "fair_value": 185.29391, "relative_strength": 9.852542, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.305842, "energy": 86.535049, "activity_lines": [ 248.675996, 244.80327, 237.364999, 232.363849 ] }, { "date": "2024-11-01", "close": 255.0, "volume": 39066, "typical_volume": 39303.8, "trend": 228.067667, "fair_value": 185.851154, "relative_strength": 11.731034, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.292705, "energy": 87.784456, "activity_lines": [ 251.16133, 247.31618, 239.634427, 234.194687 ] }, { "date": "2024-11-08", "close": 248.470001, "volume": 50373, "typical_volume": 40434.25, "trend": 228.956333, "fair_value": 186.335769, "relative_strength": 3.670289, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.259034, "energy": 71.643135, "activity_lines": [ 250.889998, 248.207271, 241.089094, 235.510967 ] }, { "date": "2024-11-15", "close": 236.960007, "volume": 35700, "typical_volume": 40529.25, "trend": 229.488334, "fair_value": 186.743718, "relative_strength": -1.794263, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.165926, "energy": 50.627192, "activity_lines": [ 246.592001, 246.732909, 241.307904, 236.027333 ] }, { "date": "2024-11-22", "close": 249.300003, "volume": 44638, "typical_volume": 40307.1, "trend": 230.561667, "fair_value": 187.260385, "relative_strength": 3.072476, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.119374, "energy": 45.066302, "activity_lines": [ 246.810003, 247.408364, 242.601429, 237.305505 ] }, { "date": "2024-11-29", "close": 245.300003, "volume": 24921, "typical_volume": 40466.55, "trend": 231.635667, "fair_value": 187.773141, "relative_strength": 1.472844, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.977491, "energy": 28.475515, "activity_lines": [ 245.768003, 247.123819, 243.368286, 238.256366 ] }, { "date": "2024-12-06", "close": 243.679993, "volume": 16627, "typical_volume": 39354.25, "trend": 232.443333, "fair_value": 188.274295, "relative_strength": -0.819251, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.331101, "energy": 23.349604, "activity_lines": [ 244.659333, 246.470182, 243.871809, 239.033419 ] }, { "date": "2024-12-13", "close": 247.600006, "volume": 27755, "typical_volume": 38639.25, "trend": 233.337667, "fair_value": 188.779359, "relative_strength": 0.274423, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 43.665701, "energy": 28.880582, "activity_lines": [ 245.612002, 246.57691, 244.655429, 240.011269 ] }, { "date": "2024-12-20", "close": 240.979996, "volume": 34144, "typical_volume": 38224.25, "trend": 234.153667, "fair_value": 189.23, "relative_strength": -0.159421, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.245304, "energy": 18.780087, "activity_lines": [ 244.415999, 245.444, 244.675714, 240.504322 ] }, { "date": "2024-12-27", "close": 242.600006, "volume": 32883, "typical_volume": 38135.3, "trend": 235.013667, "fair_value": 189.696923, "relative_strength": -1.016138, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.116059, "energy": 12.98902, "activity_lines": [ 243.492001, 244.642365, 244.788381, 241.049247 ] }, { "date": "2025-01-03", "close": 245.190002, "volume": 14936, "typical_volume": 36630.9, "trend": 235.95, "fair_value": 190.196923, "relative_strength": -0.902934, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 23.436574, "energy": 13.026323, "activity_lines": [ 243.878002, 244.453456, 245.047239, 241.705785 ] }, { "date": "2025-01-10", "close": 247.199997, "volume": 30452, "typical_volume": 36879.15, "trend": 237.04, "fair_value": 190.689295, "relative_strength": -0.256471, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.979685, "energy": 17.704035, "activity_lines": [ 244.941334, 244.761092, 245.414524, 242.431592 ] }, { "date": "2025-01-17", "close": 250.449997, "volume": 51822, "typical_volume": 38074.2, "trend": 238.083667, "fair_value": 191.199039, "relative_strength": 0.629933, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.553804, "energy": 28.658052, "activity_lines": [ 246.853332, 245.801455, 246.014667, 243.296753 ] }, { "date": "2025-01-24", "close": 255.600006, "volume": 27728, "typical_volume": 38296.25, "trend": 239.408667, "fair_value": 191.762116, "relative_strength": 2.634431, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.356044, "energy": 53.727729, "activity_lines": [ 250.292001, 247.742183, 247.024429, 244.426839 ] }, { "date": "2025-01-31", "close": 257.299988, "volume": 18241, "typical_volume": 37691.0, "trend": 240.695333, "fair_value": 192.327885, "relative_strength": 1.730915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.310356, "energy": 67.035025, "activity_lines": [ 253.322663, 249.653089, 248.082761, 245.581118 ] }, { "date": "2025-02-07", "close": 265.25, "volume": 23545, "typical_volume": 35879.6, "trend": 242.123666, "fair_value": 192.934872, "relative_strength": 4.456696, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.369851, "energy": 81.903556, "activity_lines": [ 258.023331, 252.863999, 249.79919, 247.16529 ] }, { "date": "2025-02-14", "close": 271.309998, "volume": 35540, "typical_volume": 35325.6, "trend": 243.697333, "fair_value": 193.54, "relative_strength": 6.01748, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.084862, "energy": 91.312002, "activity_lines": [ 263.406664, 256.813998, 251.978237, 249.048279 ] }, { "date": "2025-02-21", "close": 270.0, "volume": 47033, "typical_volume": 34398.45, "trend": 245.374, "fair_value": 194.127436, "relative_strength": 3.798483, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.826171, "energy": 91.64953, "activity_lines": [ 266.745998, 260.023453, 253.913428, 250.745225 ] }, { "date": "2025-02-28", "close": 263.700012, "volume": 47052, "typical_volume": 33785.6, "trend": 246.564667, "fair_value": 194.655641, "relative_strength": 2.047143, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.358275, "energy": 85.377646, "activity_lines": [ 266.682003, 261.680183, 255.132524, 251.927549 ] }, { "date": "2025-03-07", "close": 268.700012, "volume": 33327, "typical_volume": 33864.35, "trend": 248.138001, "fair_value": 195.184616, "relative_strength": 3.334076, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.772604, "energy": 85.798076, "activity_lines": [ 267.744674, 263.832912, 256.72924, 253.355635 ] }, { "date": "2025-03-14", "close": 275.809998, "volume": 37109, "typical_volume": 33644.6, "trend": 249.739667, "fair_value": 195.796987, "relative_strength": 7.969432, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.979497, "energy": 83.573505, "activity_lines": [ 270.417338, 266.803821, 258.915954, 255.140926 ] }, { "date": "2025-03-21", "close": 280.0, "volume": 33933, "typical_volume": 33387.95, "trend": 251.369667, "fair_value": 196.421539, "relative_strength": 6.810369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 86.342241, "energy": 81.006334, "activity_lines": [ 273.78267, 269.97982, 261.390239, 257.093205 ] }, { "date": "2025-03-28", "close": 283.679993, "volume": 55024, "typical_volume": 33620.5, "trend": 253.043333, "fair_value": 197.084039, "relative_strength": 6.702843, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.597513, "energy": 90.082254, "activity_lines": [ 277.795333, 273.228546, 264.095953, 259.177742 ] }, { "date": "2025-04-04", "close": 284.359985, "volume": 59521, "typical_volume": 34811.55, "trend": 254.795333, "fair_value": 197.751795, "relative_strength": 10.78353, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.46877, "energy": 88.414715, "activity_lines": [ 281.12266, 275.996725, 266.698761, 261.198171 ] }, { "date": "2025-04-11", "close": 296.0, "volume": 96452, "typical_volume": 37402.25, "trend": 256.778666, "fair_value": 198.467244, "relative_strength": 25.056054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.118658, "energy": 90.209642, "activity_lines": [ 286.952661, 280.358362, 270.184428, 263.856537 ] }, { "date": "2025-04-18", "close": 307.100006, "volume": 45193, "typical_volume": 38415.85, "trend": 258.975333, "fair_value": 199.27391, "relative_strength": 22.04682, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.465846, "energy": 92.544807, "activity_lines": [ 294.662665, 286.034545, 274.504857, 267.103075 ] }, { "date": "2025-04-25", "close": 304.690002, "volume": 80727, "typical_volume": 41620.85, "trend": 260.921666, "fair_value": 200.082692, "relative_strength": 17.362697, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.613807, "energy": 84.728295, "activity_lines": [ 299.483333, 290.511636, 278.301476, 270.052409 ] }, { "date": "2025-05-02", "close": 300.690002, "volume": 38881, "typical_volume": 42177.15, "trend": 262.757333, "fair_value": 200.88391, "relative_strength": 14.740081, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.022203, "energy": 70.263073, "activity_lines": [ 301.324668, 293.654545, 281.426619, 272.618108 ] }, { "date": "2025-05-09", "close": 306.829987, "volume": 50753, "typical_volume": 43007.6, "trend": 264.885, "fair_value": 201.760577, "relative_strength": 15.738795, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.022956, "energy": 69.417445, "activity_lines": [ 304.078664, 297.355815, 284.883713, 275.461505 ] }, { "date": "2025-05-16", "close": 295.619995, "volume": 29685, "typical_volume": 42847.7, "trend": 266.392333, "fair_value": 202.552308, "relative_strength": 10.602676, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.520369, "energy": 61.45986, "activity_lines": [ 301.597996, 298.234724, 286.959617, 277.444408 ] }, { "date": "2025-05-23", "close": 308.0, "volume": 37868, "typical_volume": 43994.3, "trend": 268.245667, "fair_value": 203.415449, "relative_strength": 15.238894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.77527, "energy": 60.899077, "activity_lines": [ 303.26933, 300.875088, 289.962094, 280.128773 ] }, { "date": "2025-05-30", "close": 303.75, "volume": 25996, "typical_volume": 43771.5, "trend": 269.870667, "fair_value": 204.247564, "relative_strength": 12.882586, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.931013, "energy": 54.193018, "activity_lines": [ 303.463997, 302.157452, 292.260713, 282.419375 ] }, { "date": "2025-06-06", "close": 308.339996, "volume": 17189, "typical_volume": 42039.85, "trend": 271.866333, "fair_value": 205.122115, "relative_strength": 13.017674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.456203, "energy": 53.342698, "activity_lines": [ 305.25133, 303.842543, 294.727189, 284.901268 ] }, { "date": "2025-06-13", "close": 315.98999, "volume": 54204, "typical_volume": 43363.65, "trend": 274.500666, "fair_value": 206.042051, "relative_strength": 15.992632, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.995705, "energy": 60.302578, "activity_lines": [ 309.078662, 306.470178, 297.646569, 287.747955 ] }, { "date": "2025-06-20", "close": 310.809998, "volume": 95767, "typical_volume": 47239.95, "trend": 276.550999, "fair_value": 206.940641, "relative_strength": 14.478874, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.834623, "energy": 53.731567, "activity_lines": [ 310.568663, 307.580905, 299.785045, 290.090493 ] }, { "date": "2025-06-27", "close": 303.480011, "volume": 47952, "typical_volume": 48460.3, "trend": 278.490333, "fair_value": 207.817436, "relative_strength": 9.093727, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.327952, "energy": 47.996071, "activity_lines": [ 308.602667, 307.089635, 300.970618, 291.827848 ] }, { "date": "2025-07-04", "close": 307.820007, "volume": 91992, "typical_volume": 51282.9, "trend": 280.628333, "fair_value": 208.751538, "relative_strength": 8.970805, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.10754, "energy": 43.188942, "activity_lines": [ 308.38467, 307.453273, 302.387476, 293.720085 ] }, { "date": "2025-07-11", "close": 306.920013, "volume": 22529, "typical_volume": 50057.7, "trend": 282.605667, "fair_value": 209.70109, "relative_strength": 6.346136, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.240176, "energy": 33.733464, "activity_lines": [ 307.595341, 307.596367, 303.544762, 295.416323 ] }, { "date": "2025-07-18", "close": 308.76001, "volume": 32583, "typical_volume": 49334.25, "trend": 284.865, "fair_value": 210.654295, "relative_strength": 4.140241, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.32268, "energy": 31.136587, "activity_lines": [ 307.51401, 307.960732, 304.701478, 297.1037 ] }, { "date": "2025-07-25", "close": 308.200012, "volume": 65670, "typical_volume": 50951.4, "trend": 287.051667, "fair_value": 211.576603, "relative_strength": 1.978068, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 44.087776, "energy": 32.406787, "activity_lines": [ 307.728011, 308.188188, 305.590288, 298.609184 ] }, { "date": "2025-08-01", "close": 303.820007, "volume": 52115, "typical_volume": 51701.7, "trend": 289.006001, "fair_value": 212.457244, "relative_strength": 2.964198, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.252026, "energy": 26.022867, "activity_lines": [ 306.65601, 307.390553, 305.87386, 299.691013 ] }, { "date": "2025-08-08", "close": 314.600006, "volume": 41745, "typical_volume": 52092.3, "trend": 291.252668, "fair_value": 213.405898, "relative_strength": 4.277224, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.490433, "energy": 38.402286, "activity_lines": [ 309.154675, 308.628917, 307.050718, 301.342239 ] }, { "date": "2025-08-15", "close": 308.040009, "volume": 23245, "typical_volume": 50503.35, "trend": 293.172335, "fair_value": 214.332693, "relative_strength": 2.19242, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.904781, "energy": 32.436929, "activity_lines": [ 309.014675, 308.477281, 307.438052, 302.425293 ] }, { "date": "2025-08-22", "close": 306.869995, "volume": 41541, "typical_volume": 49604.35, "trend": 294.881334, "fair_value": 215.254103, "relative_strength": 1.158296, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 48.826622, "energy": 28.929868, "activity_lines": [ 308.410004, 308.11837, 307.597956, 303.309013 ] }, { "date": "2025-08-29", "close": 314.200012, "volume": 31499, "typical_volume": 46356.7, "trend": 296.778002, "fair_value": 216.249872, "relative_strength": 3.009534, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.964455, "energy": 39.425991, "activity_lines": [ 310.374672, 309.258007, 308.348767, 304.55538 ] }, { "date": "2025-09-05", "close": 326.01001, "volume": 64653, "typical_volume": 47329.7, "trend": 298.803336, "fair_value": 217.307308, "relative_strength": 5.709369, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 78.885371, "energy": 62.806104, "activity_lines": [ 315.876007, 312.48328, 310.137672, 306.441316 ] }, { "date": "2025-09-12", "close": 340.0, "volume": 56112, "typical_volume": 46098.95, "trend": 301.093002, "fair_value": 218.49609, "relative_strength": 8.954944, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.098054, "energy": 88.635939, "activity_lines": [ 324.561338, 317.842551, 313.16891, 309.099165 ] }, { "date": "2025-09-19", "close": 336.799988, "volume": 94420, "typical_volume": 48875.9, "trend": 303.319669, "fair_value": 219.965385, "relative_strength": 8.629981, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.348832, "energy": 92.460756, "activity_lines": [ 330.486666, 322.034912, 315.727242, 311.402841 ] }, { "date": "2025-09-26", "close": 345.799988, "volume": 102730, "typical_volume": 51474.75, "trend": 306.056334, "fair_value": 221.184423, "relative_strength": 12.130007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.556238, "energy": 95.109691, "activity_lines": [ 337.494662, 327.320363, 318.970764, 314.143507 ] }, { "date": "2025-10-03", "close": 355.799988, "volume": 118156, "typical_volume": 55898.3, "trend": 308.959667, "fair_value": 222.443141, "relative_strength": 11.194333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.876114, "energy": 96.815217, "activity_lines": [ 345.240658, 333.750542, 322.981096, 317.352775 ] }, { "date": "2025-10-10", "close": 367.690002, "volume": 203509, "typical_volume": 64180.35, "trend": 312.022334, "fair_value": 223.806539, "relative_strength": 14.062526, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.872389, "energy": 97.448522, "activity_lines": [ 354.17666, 341.477088, 327.837239, 321.141829 ] }, { "date": "2025-10-17", "close": 400.700012, "volume": 164530, "typical_volume": 71107.05, "trend": 316.045667, "fair_value": 225.40859, "relative_strength": 26.327193, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 97.80701, "energy": 98.145823, "activity_lines": [ 371.337333, 354.044181, 335.552954, 326.86297 ] }, { "date": "2025-10-24", "close": 379.0, "volume": 113355, "typical_volume": 75915.35, "trend": 319.223001, "fair_value": 226.852756, "relative_strength": 16.492738, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.310235, "energy": 80.095468, "activity_lines": [ 377.218001, 361.100363, 340.740335, 330.924539 ] }, { "date": "2025-10-31", "close": 369.100006, "volume": 138181, "typical_volume": 80114.2, "trend": 322.047668, "fair_value": 228.235449, "relative_strength": 12.94244, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.933692, "energy": 67.640227, "activity_lines": [ 376.985337, 365.066364, 344.648383, 334.142411 ] }, { "date": "2025-11-07", "close": 368.899994, "volume": 68279, "typical_volume": 78739.8, "trend": 324.477668, "fair_value": 229.546346, "relative_strength": 10.837629, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.051639, "energy": 66.033215, "activity_lines": [ 375.132668, 367.864545, 348.284477, 337.165141 ] }, { "date": "2025-11-14", "close": 384.98999, "volume": 55041, "typical_volume": 79094.25, "trend": 327.074001, "fair_value": 230.963013, "relative_strength": 13.670661, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.831215, "energy": 63.621464, "activity_lines": [ 377.769997, 372.593634, 353.176333, 341.069162 ] }, { "date": "2025-11-21", "close": 372.299988, "volume": 72874, "typical_volume": 78138.35, "trend": 329.327667, "fair_value": 232.304103, "relative_strength": 11.334557, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.048706, "energy": 50.452861, "activity_lines": [ 375.023993, 373.943087, 356.471475, 343.986968 ] }, { "date": "2025-11-28", "close": 383.0, "volume": 45015, "typical_volume": 79262.65, "trend": 332.071334, "fair_value": 233.684936, "relative_strength": 12.594898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.693703, "energy": 52.338226, "activity_lines": [ 377.737994, 376.650724, 360.478617, 347.449699 ] }, { "date": "2025-12-05", "close": 388.600006, "volume": 46320, "typical_volume": 79949.5, "trend": 334.797001, "fair_value": 235.108013, "relative_strength": 13.428967, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.50223, "energy": 56.10747, "activity_lines": [ 382.051998, 379.536544, 364.656808, 351.09671 ] }, { "date": "2025-12-12", "close": 396.399994, "volume": 75154, "typical_volume": 80423.7, "trend": 338.156334, "fair_value": 236.590064, "relative_strength": 13.695659, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.730162, "energy": 58.8492, "activity_lines": [ 387.665997, 383.062361, 369.197665, 355.071097 ] }, { "date": "2025-12-19", "close": 397.5, "volume": 68667, "typical_volume": 81251.3, "trend": 341.139668, "fair_value": 238.065641, "relative_strength": 13.787919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.249041, "energy": 64.946211, "activity_lines": [ 391.813332, 386.049998, 373.423284, 358.89972 ] }, { "date": "2025-12-26", "close": 415.799988, "volume": 41169, "typical_volume": 81222.5, "trend": 344.874667, "fair_value": 239.646667, "relative_strength": 16.578638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.546645, "energy": 80.926117, "activity_lines": [ 401.226662, 391.822905, 378.945664, 363.716515 ] }, { "date": "2026-01-02", "close": 403.679993, "volume": 67984, "typical_volume": 83459.45, "trend": 348.052667, "fair_value": 241.139038, "relative_strength": 12.072994, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.463546, "energy": 68.381737, "activity_lines": [ 403.699994, 395.117631, 382.831854, 367.510407 ] }, { "date": "2026-01-09", "close": 410.799988, "volume": 147647, "typical_volume": 88764.75, "trend": 351.213001, "fair_value": 242.635897, "relative_strength": 11.324889, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.219686, "energy": 67.134065, "activity_lines": [ 407.167991, 399.258176, 386.94071, 371.558621 ] }, { "date": "2026-01-16", "close": 423.0, "volume": 69647, "typical_volume": 90672.15, "trend": 354.952667, "fair_value": 244.198077, "relative_strength": 11.56868, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.383186, "energy": 88.41767, "activity_lines": [ 413.22266, 404.858722, 391.716567, 376.190041 ] }, { "date": "2026-01-23", "close": 451.200012, "volume": 232841, "typical_volume": 99081.55, "trend": 359.876667, "fair_value": 245.941667, "relative_strength": 17.253674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 93.354464, "energy": 95.180794, "activity_lines": [ 426.904, 414.602907, 398.660045, 382.399547 ] }, { "date": "2026-01-30", "close": 470.600006, "volume": 266221, "typical_volume": 109587.0, "trend": 365.302667, "fair_value": 247.818846, "relative_strength": 21.08947, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.83496, "energy": 95.909666, "activity_lines": [ 443.472003, 426.670545, 406.854998, 389.542988 ] }, { "date": "2026-02-06", "close": 447.399994, "volume": 308538, "typical_volume": 120292.9, "trend": 369.985333, "fair_value": 249.582692, "relative_strength": 13.829604, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.061972, "energy": 81.085246, "activity_lines": [ 448.653335, 432.732726, 412.218522, 394.83959 ] }, { "date": "2026-02-13", "close": 458.279999, "volume": 68559, "typical_volume": 118584.35, "trend": 374.969333, "fair_value": 251.435256, "relative_strength": 15.879172, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.501379, "energy": 68.408203, "activity_lines": [ 454.546668, 439.602181, 418.091569, 400.53602 ] }, { "date": "2026-02-20", "close": 462.920013, "volume": 83339, "typical_volume": 116843.5, "trend": 380.126666, "fair_value": 253.315128, "relative_strength": 14.542511, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.820643, "energy": 68.009936, "activity_lines": [ 458.821338, 446.048365, 423.870904, 406.210257 ] }, { "date": "2026-02-27", "close": 476.299988, "volume": 116880, "typical_volume": 112512.05, "trend": 385.875999, "fair_value": 255.268974, "relative_strength": 17.607966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.523037, "energy": 69.038179, "activity_lines": [ 464.894666, 453.717818, 430.414427, 412.414988 ] }, { "date": "2026-03-06", "close": 474.100006, "volume": 144841, "typical_volume": 111527.6, "trend": 391.192666, "fair_value": 257.214679, "relative_strength": 19.781781, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.902687, "energy": 65.067973, "activity_lines": [ 468.561334, 459.554547, 436.231237, 418.106859 ] }, { "date": "2026-03-13", "close": 467.48999, "volume": 65680, "typical_volume": 109143.85, "trend": 396.507665, "fair_value": 259.06141, "relative_strength": 17.575089, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.14713, "energy": 59.453266, "activity_lines": [ 469.791331, 463.129454, 441.068998, 423.029267 ] }, { "date": "2026-03-20", "close": 430.700012, "volume": 87931, "typical_volume": 106631.35, "trend": 400.635332, "fair_value": 260.638654, "relative_strength": 5.600259, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.095305, "energy": 41.438356, "activity_lines": [ 457.418668, 458.855092, 441.981571, 425.235225 ] }, { "date": "2026-03-27", "close": 407.049988, "volume": 164380, "typical_volume": 111436.4, "trend": 403.730331, "fair_value": 262.071474, "relative_strength": 0.560192, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.153841, "energy": 16.477283, "activity_lines": [ 439.001331, 449.918908, 440.348427, 425.649074 ] }, { "date": "2026-04-03", "close": 424.559998, "volume": 99324, "typical_volume": 113650.55, "trend": 407.015331, "fair_value": 263.590449, "relative_strength": 3.563562, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.598332, "energy": 22.717587, "activity_lines": [ 430.145331, 444.456362, 440.201237, 426.992923 ] }, { "date": "2026-04-10", "close": 435.0, "volume": 42491, "typical_volume": 112131.4, "trend": 410.181998, "fair_value": 265.166731, "relative_strength": 5.147767, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.485595, "energy": 23.419099, "activity_lines": [ 428.218665, 441.376362, 440.859904, 428.798386 ] }, { "date": "2026-04-17", "close": 442.100006, "volume": 52863, "typical_volume": 112523.8, "trend": 413.691998, "fair_value": 266.815705, "relative_strength": 6.535768, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.043004, "energy": 16.574128, "activity_lines": [ 431.265334, 440.234545, 441.89619, 430.857612 ] }, { "date": "2026-04-24", "close": 431.399994, "volume": 52312, "typical_volume": 112823.4, "trend": 416.545332, "fair_value": 268.399359, "relative_strength": 5.348637, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 12.177152, "energy": 10.163332, "activity_lines": [ 432.437999, 437.243635, 441.631999, 432.000063 ] }, { "date": "2026-05-01", "close": 424.5, "volume": 52522, "typical_volume": 111691.8, "trend": 418.835332, "fair_value": 269.905705, "relative_strength": 3.681479, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 4.300795, "energy": 5.849012, "activity_lines": [ 431.263999, 433.486908, 440.506856, 432.513268 ] }, { "date": "2026-05-08", "close": 433.399994, "volume": 48656, "typical_volume": 110691.25, "trend": 421.025665, "fair_value": 271.488397, "relative_strength": 5.440697, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.265356, "energy": 7.76356, "activity_lines": [ 431.893331, 432.046907, 440.095523, 433.452923 ] }, { "date": "2026-05-15", "close": 418.0, "volume": 61242, "typical_volume": 111694.9, "trend": 421.602332, "fair_value": 272.9975, "relative_strength": 0.141585, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": -2.683996, "energy": 17.17546, "activity_lines": [ 426.799998, 428.586907, 438.04657, 433.257719 ] }, { "date": "2026-05-22", "close": 415.799988, "volume": 71551, "typical_volume": 111873.25, "trend": 422.828998, "fair_value": 274.499807, "relative_strength": -2.000637, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -22.21353, "energy": 32.274897, "activity_lines": [ 422.106661, 425.746906, 435.777617, 432.883374 ] }, { "date": "2026-05-29", "close": 414.480011, "volume": 43910, "typical_volume": 106686.4, "trend": 424.341665, "fair_value": 275.992436, "relative_strength": -1.820933, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.785594, "energy": 34.237206, "activity_lines": [ 418.726666, 423.606726, 433.325237, 432.34473 ] }, { "date": "2026-06-05", "close": 410.100006, "volume": 22214, "typical_volume": 104314.75, "trend": 425.714998, "fair_value": 277.453205, "relative_strength": -3.154228, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.487337, "energy": 46.33757, "activity_lines": [ 415.014669, 420.965091, 430.43819, 431.425913 ] }, { "date": "2026-06-12", "close": 387.359985, "volume": 11176, "typical_volume": 93231.5, "trend": 425.793998, "fair_value": 278.766923, "relative_strength": -8.006257, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.99975, "energy": 60.487228, "activity_lines": [ 404.682664, 414.133452, 425.446855, 428.951396 ] }, { "date": "2026-06-19", "close": 383.200012, "volume": 9159, "typical_volume": 80378.4, "trend": 426.157332, "fair_value": 280.082179, "relative_strength": -11.792936, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -53.34066, "energy": 70.940101, "activity_lines": [ 396.033335, 407.221818, 420.363333, 426.203397 ] }, { "date": "2026-06-26", "close": 369.399994, "volume": 9265, "typical_volume": 65414.75, "trend": 425.703999, "fair_value": 281.31891, "relative_strength": -14.8486, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -87.666449, "energy": 93.179695, "activity_lines": [ 385.104, 398.742908, 414.381713, 422.541633 ] }, { "date": "2026-07-03", "close": 383.829987, "volume": 3918, "typical_volume": 62182.7, "trend": 425.544998, "fair_value": 282.639359, "relative_strength": -12.338368, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.683636, "energy": 87.27816, "activity_lines": [ 382.077995, 394.209452, 410.145807, 419.840084 ] }, { "date": "2026-07-10", "close": 376.5, "volume": 29260, "typical_volume": 59478.75, "trend": 424.881665, "fair_value": 283.887948, "relative_strength": -17.431136, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.042104, "energy": 88.077941, "activity_lines": [ 378.651996, 389.208179, 405.566331, 416.675891 ] }, { "date": "2026-07-17", "close": 366.399994, "volume": 42434, "typical_volume": 55756.45, "trend": 423.844998, "fair_value": 285.06923, "relative_strength": -20.098973, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.455248, "energy": 90.538438, "activity_lines": [ 374.099329, 383.24327, 400.436474, 412.90288 ] }, { "date": "2026-07-24", "close": 372.589996, "volume": 69676, "typical_volume": 51998.2, "trend": 422.404665, "fair_value": 286.297756, "relative_strength": -19.791583, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.326802, "energy": 74.476659, "activity_lines": [ 373.007328, 379.621996, 396.419474, 409.596105 ] }, { "date": "2026-07-31", "close": 373.200012, "volume": 25088, "typical_volume": 49968.6, "trend": 421.388666, "fair_value": 287.539615, "relative_strength": -20.107135, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.095039, "energy": 63.755535, "activity_lines": [ 372.826001, 376.937272, 392.943951, 406.421612 ] }, { "date": "2026-08-07", "close": 395.420013, "volume": 56559, "typical_volume": 48400.0, "trend": 420.876, "fair_value": 288.933205, "relative_strength": -16.295896, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.467899, "energy": 49.003488, "activity_lines": [ 379.798006, 379.067092, 392.033619, 404.746215 ] } ], "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." } } }