{ "ticker": { "uuid": "f187c00c-f49c-4687-9955-4f40f80aa148", "symbol": "PQVG", "name": "Invesco S&P 500 QVM 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": 61.552, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 21.153, "architecture_energy": 24.397, "architecture_maturity": 60.977, "architecture_confidence": 78.506, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 47.71, "rotation_up": 17.17, "upward_expansion": 52.65, "deceleration": 94.0, "rotation_down": 41.97, "downward_expansion": 23.31 }, "activity_lines": [ 5729.1, 5815.518809, 5793.132706, 5695.36282 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 5689.5, "trend_reference": 5552.264838, "distance_from_trend": 0.024717, "trend_direction": "Improving", "fair_value": 4678.27666, "distance_from_fair_value": 0.216153, "fair_value_direction": "Weakening", "relative_strength": -1.972105, "relative_strength_direction": "Weakening", "price_momentum": 0.067478, "excess_performance": 0.016243, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024717, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.05148, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.216153, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.033061, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.019721, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.054351, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.067478, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.658609, "read": "Supply-led" } ], "volume": { "latest": 8047, "relative_activity": 1.820465, "balance": 0.658609, "dry_up": 1.36993, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.031584, "annualized_volatility": 0.123244, "from_high_reference": -0.149981, "from_low_reference": 0.171725 }, "levels": { "trend_reference": 5552.264838, "fair_value_reference": 4678.27666, "structural_low": 5128.0, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 13, "median_return": 0.032676, "positive_rate": 0.692308, "directional_follow_through": 0.692308, "median_excess_return": 0.009569, "regime_survival": 0.230769, "best_return": 0.06114, "worst_return": -0.077321, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.051581, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.04444, "regime_survival": 0.125, "best_return": 0.12056, "worst_return": -0.091066, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.118341, "positive_rate": 0.833333, "directional_follow_through": 0.833333, "median_excess_return": 0.077658, "regime_survival": 0.0, "best_return": 0.184856, "worst_return": -0.071374, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 4, "median_return": 0.107139, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": 0.03188, "regime_survival": 0.0, "best_return": 0.316857, "worst_return": -0.061524, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2024-12-27", "tenure": "Developing", "return": 0.025436, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-03", "end": "2025-01-24", "tenure": "New", "return": 0.036477, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-01-31", "end": "2025-03-07", "tenure": "Developing", "return": -0.082617, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-03-28", "tenure": "New", "return": 0.011254, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-04", "end": "2025-04-18", "tenure": "New", "return": 0.004674, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.055345, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-25", "tenure": "Developing", "return": 0.019598, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-08-01", "end": "2025-08-29", "tenure": "Developing", "return": 0.023032, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-09-05", "end": "2025-11-28", "tenure": "Established", "return": 0.029045, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-02-13", "tenure": "Developing", "return": 0.043792, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-20", "end": "2026-03-27", "tenure": "Developing", "return": -0.014843, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-04-03", "end": "2026-04-17", "tenure": "New", "return": 0.021309, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-04-24", "end": "2026-07-24", "tenure": "Established", "return": 0.072313, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.007348, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 3437.568115, "volume": 6297, "typical_volume": 2669.9, "trend": 3473.877995, "fair_value": 3259.361998, "relative_strength": -1.01751, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 20.75501, "energy": 37.342223, "activity_lines": [ 3476.491032, 3442.030793, 3414.416063, 3430.236105 ] }, { "date": "2023-08-25", "close": 3476.55835, "volume": 4839, "typical_volume": 2673.65, "trend": 3467.908569, "fair_value": 3264.954498, "relative_strength": -0.793973, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.711428, "energy": 40.914115, "activity_lines": [ 3475.791423, 3453.836768, 3420.030307, 3430.409031 ] }, { "date": "2023-09-01", "close": 3548.538574, "volume": 2238, "typical_volume": 2719.75, "trend": 3463.272201, "fair_value": 3271.399153, "relative_strength": -0.277248, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 40.999983, "energy": 45.460301, "activity_lines": [ 3498.352067, 3476.048961, 3432.736956, 3435.610967 ] }, { "date": "2023-09-08", "close": 3582.529297, "volume": 1203, "typical_volume": 2384.15, "trend": 3459.052474, "fair_value": 3277.53644, "relative_strength": 0.641597, "stage": 4, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 53.297362, "energy": 54.270898, "activity_lines": [ 3527.910758, 3500.097008, 3448.706109, 3443.304973 ] }, { "date": "2023-09-15", "close": 3593.141113, "volume": 37, "typical_volume": 2363.55, "trend": 3456.219409, "fair_value": 3283.962171, "relative_strength": -1.938976, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 52.534418, "energy": 72.577824, "activity_lines": [ 3555.474886, 3523.048025, 3465.294664, 3451.955853 ] }, { "date": "2023-09-22", "close": 3582.643799, "volume": 670, "typical_volume": 2373.4, "trend": 3454.219344, "fair_value": 3290.336621, "relative_strength": -1.636158, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.789631, "energy": 81.716317, "activity_lines": [ 3573.800456, 3539.480509, 3480.201293, 3460.112265 ] }, { "date": "2023-09-29", "close": 3589.642334, "volume": 11, "typical_volume": 2065.5, "trend": 3451.836117, "fair_value": 3296.621413, "relative_strength": -0.242888, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.318961, "energy": 84.961009, "activity_lines": [ 3584.787158, 3552.566442, 3494.709065, 3468.849232 ] }, { "date": "2023-10-06", "close": 3497.664063, "volume": 0, "typical_volume": 2061.9, "trend": 3450.052262, "fair_value": 3301.877795, "relative_strength": -1.059795, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.717345, "energy": 62.136161, "activity_lines": [ 3557.575505, 3546.673029, 3499.393992, 3471.805874 ] }, { "date": "2023-10-13", "close": 3597.640137, "volume": 197, "typical_volume": 1712.35, "trend": 3456.893506, "fair_value": 3307.496397, "relative_strength": 0.652078, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.940385, "energy": 52.936705, "activity_lines": [ 3567.080843, 3558.700568, 3512.999235, 3481.327672 ] }, { "date": "2023-10-20", "close": 3547.652344, "volume": 893, "typical_volume": 1423.35, "trend": 3461.801929, "fair_value": 3313.246178, "relative_strength": 2.180251, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 49.314842, "energy": 39.2105, "activity_lines": [ 3558.916195, 3559.855993, 3520.656958, 3487.183081 ] }, { "date": "2023-10-27", "close": 3436.678711, "volume": 1286, "typical_volume": 1482.85, "trend": 3460.16215, "fair_value": 3319.114156, "relative_strength": 0.813664, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 17.004302, "energy": 19.472707, "activity_lines": [ 3516.79292, 3540.096156, 3516.875569, 3485.562229 ] }, { "date": "2023-11-03", "close": 3500.66333, "volume": 96, "typical_volume": 1327.6, "trend": 3459.305632, "fair_value": 3324.425, "relative_strength": 1.21451, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 30.866044, "energy": 20.73058, "activity_lines": [ 3505.728858, 3531.986057, 3518.991392, 3488.175208 ] }, { "date": "2023-11-10", "close": 3510.160889, "volume": 846, "typical_volume": 1363.55, "trend": 3457.849325, "fair_value": 3329.713449, "relative_strength": 2.498855, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.93282, "energy": 22.891151, "activity_lines": [ 3503.762582, 3525.164515, 3521.194769, 3491.456192 ] }, { "date": "2023-11-17", "close": 3529.157227, "volume": 57, "typical_volume": 1257.65, "trend": 3458.808993, "fair_value": 3335.418338, "relative_strength": 1.298238, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.287229, "energy": 20.398843, "activity_lines": [ 3507.295296, 3522.494629, 3524.252283, 3496.056702 ] }, { "date": "2023-11-24", "close": 3514.160645, "volume": 1018, "typical_volume": 1196.4, "trend": 3460.951579, "fair_value": 3340.905385, "relative_strength": 1.289453, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.180811, "energy": 11.187508, "activity_lines": [ 3510.394678, 3518.068493, 3525.343063, 3499.627777 ] }, { "date": "2023-12-01", "close": 3511.660645, "volume": 411, "typical_volume": 1087.55, "trend": 3466.043164, "fair_value": 3346.264306, "relative_strength": 0.817377, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.064682, "energy": 15.232768, "activity_lines": [ 3514.893506, 3514.62382, 3525.364482, 3502.899329 ] }, { "date": "2023-12-08", "close": 3517.659424, "volume": 767, "typical_volume": 1120.35, "trend": 3471.084798, "fair_value": 3351.635443, "relative_strength": 0.777375, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.407334, "energy": 16.023032, "activity_lines": [ 3516.393132, 3513.560436, 3525.085488, 3506.22941 ] }, { "date": "2023-12-15", "close": 3620.263672, "volume": 5680, "typical_volume": 1389.6, "trend": 3479.379956, "fair_value": 3357.878903, "relative_strength": 3.482951, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 61.346114, "energy": 40.667498, "activity_lines": [ 3550.961101, 3532.461151, 3534.330239, 3515.853854 ] }, { "date": "2023-12-22", "close": 3641.759766, "volume": 798, "typical_volume": 1397.05, "trend": 3489.158057, "fair_value": 3364.417105, "relative_strength": 2.534325, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.833222, "energy": 67.981631, "activity_lines": [ 3585.354248, 3553.041162, 3544.971246, 3526.329971 ] }, { "date": "2023-12-29", "close": 3653.25708, "volume": 1125, "typical_volume": 1423.45, "trend": 3498.76958, "fair_value": 3370.980966, "relative_strength": 2.473954, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.058448, "energy": 77.973927, "activity_lines": [ 3616.072998, 3574.90942, 3556.030055, 3536.917004 ] }, { "date": "2024-01-05", "close": 3606.266357, "volume": 882, "typical_volume": 1152.7, "trend": 3505.798421, "fair_value": 3376.577371, "relative_strength": 1.786059, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.20602, "energy": 75.765482, "activity_lines": [ 3621.855078, 3586.313823, 3561.917329, 3543.85228 ] }, { "date": "2024-01-12", "close": 3675.252686, "volume": 595, "typical_volume": 940.5, "trend": 3517.336906, "fair_value": 3382.69287, "relative_strength": 4.55761, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.266097, "energy": 83.007567, "activity_lines": [ 3644.325553, 3607.177783, 3573.571406, 3554.784814 ] }, { "date": "2024-01-19", "close": 3741.739746, "volume": 2037, "typical_volume": 930.45, "trend": 3531.741455, "fair_value": 3389.048787, "relative_strength": 8.589986, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.338682, "energy": 89.856411, "activity_lines": [ 3678.452165, 3636.955948, 3590.611419, 3569.262416 ] }, { "date": "2024-01-26", "close": 3826.222168, "volume": 14194, "typical_volume": 1580.0, "trend": 3545.413045, "fair_value": 3396.445937, "relative_strength": 8.385766, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 94.675669, "energy": 96.903079, "activity_lines": [ 3732.641178, 3677.884029, 3614.777372, 3588.261172 ] }, { "date": "2024-02-02", "close": 3922.702393, "volume": 1674, "typical_volume": 1661.85, "trend": 3564.849959, "fair_value": 3404.154057, "relative_strength": 11.180887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 96.804689, "energy": 98.674208, "activity_lines": [ 3806.692774, 3730.952788, 3646.971475, 3612.60242 ] }, { "date": "2024-02-09", "close": 3985.689697, "volume": 7548, "typical_volume": 2005.75, "trend": 3586.753011, "fair_value": 3412.105793, "relative_strength": 13.343675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.430975, "energy": 98.326793, "activity_lines": [ 3883.777116, 3788.045752, 3683.59503, 3639.753371 ] }, { "date": "2024-02-16", "close": 4021.182373, "volume": 525, "typical_volume": 2031.45, "trend": 3605.273722, "fair_value": 3420.646988, "relative_strength": 12.003124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.203315, "energy": 97.58981, "activity_lines": [ 3947.397461, 3842.97322, 3721.679574, 3667.781072 ] }, { "date": "2024-02-23", "close": 4064.673584, "volume": 161, "typical_volume": 2039.5, "trend": 3624.64432, "fair_value": 3429.950634, "relative_strength": 12.989962, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 89.467733, "energy": 96.258277, "activity_lines": [ 4002.452897, 3896.653218, 3761.851185, 3697.419772 ] }, { "date": "2024-03-01", "close": 4120.662109, "volume": 1430, "typical_volume": 2101.15, "trend": 3645.347998, "fair_value": 3439.90786, "relative_strength": 14.544067, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 90.078654, "energy": 96.330655, "activity_lines": [ 4054.642252, 3952.432768, 3804.654991, 3729.42092 ] }, { "date": "2024-03-08", "close": 4099.166504, "volume": 2323, "typical_volume": 2172.65, "trend": 3665.085238, "fair_value": 3449.105904, "relative_strength": 13.92616, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.671131, "energy": 87.168297, "activity_lines": [ 4080.037077, 3995.596711, 3842.921016, 3758.699533 ] }, { "date": "2024-03-15", "close": 4099.291504, "volume": 124, "typical_volume": 2114.55, "trend": 3687.142684, "fair_value": 3458.172985, "relative_strength": 12.617904, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.965695, "energy": 70.007903, "activity_lines": [ 4093.709294, 4030.675937, 3878.572688, 3786.712841 ] }, { "date": "2024-03-22", "close": 4276.760742, "volume": 1085, "typical_volume": 2164.0, "trend": 3713.816097, "fair_value": 3467.999718, "relative_strength": 14.105607, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.344907, "energy": 78.077634, "activity_lines": [ 4158.964469, 4089.058203, 3927.970893, 3824.752716 ] }, { "date": "2024-03-29", "close": 4244.266113, "volume": 472, "typical_volume": 2145.3, "trend": 3737.007015, "fair_value": 3477.361901, "relative_strength": 12.577212, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.785969, "energy": 73.941322, "activity_lines": [ 4196.349544, 4130.595845, 3970.578669, 3858.975297 ] }, { "date": "2024-04-05", "close": 4262.763184, "volume": 65, "typical_volume": 2145.7, "trend": 3759.681478, "fair_value": 3486.378199, "relative_strength": 13.276674, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.428863, "energy": 72.795883, "activity_lines": [ 4227.927474, 4166.359748, 4011.452332, 3892.89505 ] }, { "date": "2024-04-12", "close": 4296.257324, "volume": 1083, "typical_volume": 2148.95, "trend": 3783.118685, "fair_value": 3495.295296, "relative_strength": 12.570822, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.22391, "energy": 72.754593, "activity_lines": [ 4261.196712, 4200.276385, 4052.022552, 3927.512847 ] }, { "date": "2024-04-19", "close": 4155.781738, "volume": 120, "typical_volume": 2134.4, "trend": 3802.223283, "fair_value": 3503.375975, "relative_strength": 9.892986, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.740855, "energy": 66.899371, "activity_lines": [ 4234.501367, 4201.860098, 4075.489874, 3951.555624 ] }, { "date": "2024-04-26", "close": 4219.270508, "volume": 632, "typical_volume": 2127.65, "trend": 3823.210889, "fair_value": 3512.010975, "relative_strength": 7.882069, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.504822, "energy": 64.374632, "activity_lines": [ 4225.20293, 4211.894642, 4101.936502, 3978.461897 ] }, { "date": "2024-05-03", "close": 4147.783203, "volume": 672, "typical_volume": 1877.25, "trend": 3844.881527, "fair_value": 3520.00515, "relative_strength": 4.795686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.35903, "energy": 54.494594, "activity_lines": [ 4195.908073, 4205.329892, 4118.233811, 3999.402046 ] }, { "date": "2024-05-10", "close": 4266.762695, "volume": 1405, "typical_volume": 1907.6, "trend": 3867.185612, "fair_value": 3529.117555, "relative_strength": 4.685924, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.280538, "energy": 52.711193, "activity_lines": [ 4212.705241, 4218.886692, 4143.350502, 4026.620186 ] }, { "date": "2024-05-17", "close": 4268.762207, "volume": 970, "typical_volume": 1899.85, "trend": 3891.222607, "fair_value": 3538.19794, "relative_strength": 4.601842, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.083354, "energy": 53.430476, "activity_lines": [ 4229.902279, 4230.150666, 4165.681419, 4052.528353 ] }, { "date": "2024-05-24", "close": 4302.756836, "volume": 613, "typical_volume": 1886.4, "trend": 3920.091878, "fair_value": 3547.387332, "relative_strength": 6.406107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.953748, "energy": 61.59538, "activity_lines": [ 4260.263867, 4244.511923, 4188.318942, 4079.078949 ] }, { "date": "2024-05-31", "close": 4233.768066, "volume": 833, "typical_volume": 1898.3, "trend": 3944.528703, "fair_value": 3556.06402, "relative_strength": 4.946325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.854522, "energy": 57.070434, "activity_lines": [ 4257.830859, 4242.630398, 4201.069485, 4099.316122 ] }, { "date": "2024-06-07", "close": 4371.744141, "volume": 6560, "typical_volume": 2124.45, "trend": 3973.248145, "fair_value": 3565.516259, "relative_strength": 8.413394, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.53747, "energy": 61.737876, "activity_lines": [ 4300.423372, 4266.617116, 4224.301009, 4126.878408 ] }, { "date": "2024-06-14", "close": 4486.80127, "volume": 972, "typical_volume": 1463.35, "trend": 4005.169613, "fair_value": 3575.481395, "relative_strength": 12.104351, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.787377, "energy": 72.93509, "activity_lines": [ 4366.437533, 4309.205531, 4255.490334, 4160.010868 ] }, { "date": "2024-06-21", "close": 4542.29248, "volume": 6683, "typical_volume": 1713.8, "trend": 4039.440674, "fair_value": 3585.129573, "relative_strength": 11.767919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.392805, "energy": 87.771909, "activity_lines": [ 4436.279525, 4357.809837, 4288.818922, 4194.663956 ] }, { "date": "2024-06-28", "close": 4490.800781, "volume": 5795, "typical_volume": 1626.15, "trend": 4072.078678, "fair_value": 3594.168992, "relative_strength": 11.079272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.443549, "energy": 86.327247, "activity_lines": [ 4470.722266, 4392.578649, 4314.293109, 4223.783963 ] }, { "date": "2024-07-05", "close": 4442.808105, "volume": 4469, "typical_volume": 1823.35, "trend": 4102.916968, "fair_value": 3603.044911, "relative_strength": 9.014646, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.568128, "energy": 76.839594, "activity_lines": [ 4476.631185, 4412.530264, 4332.791275, 4247.701991 ] }, { "date": "2024-07-12", "close": 4437.809082, "volume": 339, "typical_volume": 1832.25, "trend": 4130.168481, "fair_value": 3611.991291, "relative_strength": 7.869591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.502371, "energy": 60.161654, "activity_lines": [ 4466.93776, 4427.508647, 4348.805601, 4269.307934 ] }, { "date": "2024-07-19", "close": 4426.311523, "volume": 4547, "typical_volume": 1988.1, "trend": 4156.320207, "fair_value": 3620.626931, "relative_strength": 8.493518, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.13087, "energy": 50.439073, "activity_lines": [ 4449.007487, 4435.123366, 4361.948086, 4288.413936 ] }, { "date": "2024-07-26", "close": 4431.310059, "volume": 3488, "typical_volume": 2046.35, "trend": 4182.255306, "fair_value": 3629.486801, "relative_strength": 6.57564, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.268171, "energy": 37.626838, "activity_lines": [ 4436.776042, 4440.746023, 4374.111149, 4306.155217 ] }, { "date": "2024-08-02", "close": 4325.82666, "volume": 8056, "typical_volume": 2442.95, "trend": 4206.240649, "fair_value": 3637.318142, "relative_strength": 5.183183, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.389633, "energy": 24.461356, "activity_lines": [ 4396.782292, 4424.234464, 4374.646538, 4315.417885 ] }, { "date": "2024-08-09", "close": 4390.316895, "volume": 5595, "typical_volume": 2668.45, "trend": 4230.076123, "fair_value": 3645.236156, "relative_strength": 6.546768, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.565798, "energy": 18.150973, "activity_lines": [ 4389.283561, 4419.028951, 4380.245115, 4327.293772 ] }, { "date": "2024-08-16", "close": 4507.79834, "volume": 1071, "typical_volume": 2698.4, "trend": 4255.611409, "fair_value": 3654.176329, "relative_strength": 7.229548, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.074474, "energy": 26.93694, "activity_lines": [ 4424.444727, 4432.337358, 4396.491657, 4345.211334 ] }, { "date": "2024-08-23", "close": 4450.807617, "volume": 2952, "typical_volume": 2842.75, "trend": 4276.430924, "fair_value": 3662.296324, "relative_strength": 5.422024, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.95053, "energy": 26.863061, "activity_lines": [ 4435.943034, 4432.810103, 4406.055597, 4357.804638 ] }, { "date": "2024-08-30", "close": 4500.299316, "volume": 1375, "typical_volume": 2857.35, "trend": 4295.684155, "fair_value": 3671.117958, "relative_strength": 5.725216, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 58.476265, "energy": 36.29353, "activity_lines": [ 4462.305501, 4442.935769, 4419.437581, 4372.24776 ] }, { "date": "2024-09-06", "close": 4341.324219, "volume": 3889, "typical_volume": 3045.8, "trend": 4307.538639, "fair_value": 3679.218417, "relative_strength": 4.219159, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.319837, "energy": 25.194646, "activity_lines": [ 4431.076986, 4424.920384, 4416.707452, 4375.19228 ] }, { "date": "2024-09-13", "close": 4478.391113, "volume": 4668, "typical_volume": 3247.6, "trend": 4322.778931, "fair_value": 3688.155402, "relative_strength": 6.017486, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 53.030295, "energy": 27.675865, "activity_lines": [ 4444.504264, 4434.544007, 4426.147777, 4386.215021 ] }, { "date": "2024-09-20", "close": 4505.887207, "volume": 1502, "typical_volume": 3289.1, "trend": 4337.486051, "fair_value": 3697.005974, "relative_strength": 6.899916, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.583439, "energy": 30.887862, "activity_lines": [ 4461.225293, 4448.519957, 4436.97287, 4398.028458 ] }, { "date": "2024-09-27", "close": 4513.38623, "volume": 1445, "typical_volume": 3291.1, "trend": 4350.576855, "fair_value": 3706.212127, "relative_strength": 5.629321, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.521819, "energy": 29.839737, "activity_lines": [ 4480.573405, 4462.621582, 4446.806899, 4409.376856 ] }, { "date": "2024-10-04", "close": 4616.871582, "volume": 14062, "typical_volume": 3945.7, "trend": 4367.833691, "fair_value": 3715.652413, "relative_strength": 8.20761, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.299376, "energy": 56.067535, "activity_lines": [ 4530.244726, 4493.955549, 4465.322277, 4426.557161 ] }, { "date": "2024-10-11", "close": 4681.863281, "volume": 6753, "typical_volume": 4252.7, "trend": 4387.252751, "fair_value": 3725.426024, "relative_strength": 9.704227, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.258793, "energy": 68.757272, "activity_lines": [ 4593.808463, 4533.732342, 4488.369678, 4446.817135 ] }, { "date": "2024-10-18", "close": 4710.858887, "volume": 6480, "typical_volume": 4535.05, "trend": 4401.722689, "fair_value": 3734.866577, "relative_strength": 8.661414, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.222834, "energy": 76.662145, "activity_lines": [ 4644.334798, 4572.30767, 4512.373296, 4467.69495 ] }, { "date": "2024-10-25", "close": 4660.865723, "volume": 4920, "typical_volume": 4453.05, "trend": 4415.609342, "fair_value": 3743.871341, "relative_strength": 8.558284, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.728137, "energy": 72.515755, "activity_lines": [ 4662.698893, 4595.965297, 4529.343799, 4484.413856 ] }, { "date": "2024-11-01", "close": 4609.873047, "volume": 5764, "typical_volume": 4692.65, "trend": 4427.179671, "fair_value": 3751.940607, "relative_strength": 7.944552, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.519952, "energy": 66.553208, "activity_lines": [ 4653.733529, 4607.568484, 4540.081087, 4496.946998 ] }, { "date": "2024-11-08", "close": 4823.84375, "volume": 4569, "typical_volume": 4586.95, "trend": 4444.765885, "fair_value": 3761.022711, "relative_strength": 13.915082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.864958, "energy": 76.225292, "activity_lines": [ 4709.659277, 4655.183336, 4570.610482, 4522.538229 ] }, { "date": "2024-11-15", "close": 4825.84375, "volume": 7826, "typical_volume": 4688.5, "trend": 4467.101286, "fair_value": 3770.466795, "relative_strength": 13.553058, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.654684, "energy": 72.755255, "activity_lines": [ 4752.453548, 4697.279199, 4599.989632, 4547.123897 ] }, { "date": "2024-11-22", "close": 4944.327148, "volume": 6023, "typical_volume": 4766.2, "trend": 4491.26984, "fair_value": 3780.94907, "relative_strength": 13.013333, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 83.213246, "energy": 82.935223, "activity_lines": [ 4825.143587, 4752.108052, 4639.057473, 4577.912663 ] }, { "date": "2024-11-29", "close": 4948.32666, "volume": 7334, "typical_volume": 5115.95, "trend": 4517.954622, "fair_value": 3791.511439, "relative_strength": 12.228096, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.123428, "energy": 87.423739, "activity_lines": [ 4883.602246, 4799.192525, 4676.118034, 4607.400199 ] }, { "date": "2024-12-06", "close": 4880.835938, "volume": 9523, "typical_volume": 5364.75, "trend": 4538.42373, "fair_value": 3801.029349, "relative_strength": 9.929633, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.625856, "energy": 81.965269, "activity_lines": [ 4900.399935, 4825.961603, 4704.319871, 4630.811897 ] }, { "date": "2024-12-13", "close": 4900.441406, "volume": 7999, "typical_volume": 5590.3, "trend": 4559.479704, "fair_value": 3810.963902, "relative_strength": 10.035848, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.263271, "energy": 76.56718, "activity_lines": [ 4905.668587, 4849.614409, 4732.224493, 4654.167876 ] }, { "date": "2024-12-20", "close": 4819.950684, "volume": 8550, "typical_volume": 5615.0, "trend": 4576.719499, "fair_value": 3820.651569, "relative_strength": 10.628034, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 60.922417, "energy": 52.316266, "activity_lines": [ 4879.000488, 4853.476722, 4750.229374, 4670.972456 ] }, { "date": "2024-12-27", "close": 4800.952148, "volume": 4713, "typical_volume": 5570.9, "trend": 4595.625635, "fair_value": 3830.095725, "relative_strength": 8.857196, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 46.182871, "energy": 37.20477, "activity_lines": [ 4846.392415, 4851.374077, 4764.071898, 4685.439078 ] }, { "date": "2025-01-03", "close": 4824.450195, "volume": 3289, "typical_volume": 5681.8, "trend": 4610.715837, "fair_value": 3838.99538, "relative_strength": 7.951698, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.339874, "energy": 31.780278, "activity_lines": [ 4831.175358, 4851.905744, 4778.196926, 4700.201953 ] }, { "date": "2025-01-10", "close": 4845.448242, "volume": 5021, "typical_volume": 5785.25, "trend": 4622.670736, "fair_value": 3848.096907, "relative_strength": 7.697702, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.53747, "energy": 26.21062, "activity_lines": [ 4831.216081, 4853.280975, 4792.813902, 4715.345979 ] }, { "date": "2025-01-17", "close": 5031.426758, "volume": 3824, "typical_volume": 5907.7, "trend": 4638.975212, "fair_value": 3859.079325, "relative_strength": 8.112593, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 73.04683, "energy": 45.642573, "activity_lines": [ 4895.608822, 4884.187296, 4823.263876, 4741.717336 ] }, { "date": "2025-01-24", "close": 5000.430664, "volume": 6254, "typical_volume": 6025.95, "trend": 4655.962874, "fair_value": 3869.847038, "relative_strength": 7.154368, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 68.095251, "energy": 54.465997, "activity_lines": [ 4940.937174, 4905.683727, 4848.232664, 4765.037042 ] }, { "date": "2025-01-31", "close": 5119.416992, "volume": 15423, "typical_volume": 6563.7, "trend": 4678.516504, "fair_value": 3880.84572, "relative_strength": 7.251581, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.441615, "energy": 71.672381, "activity_lines": [ 5013.895638, 4945.639728, 4881.39488, 4794.937308 ] }, { "date": "2025-02-07", "close": 5150.912598, "volume": 25302, "typical_volume": 7753.7, "trend": 4702.286621, "fair_value": 3891.469697, "relative_strength": 7.336317, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.828804, "energy": 85.16318, "activity_lines": [ 5076.121647, 4988.138752, 4914.504174, 4825.414475 ] }, { "date": "2025-02-14", "close": 5074.421387, "volume": 25168, "typical_volume": 8939.85, "trend": 4723.890283, "fair_value": 3902.327303, "relative_strength": 5.136195, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.514374, "energy": 78.984783, "activity_lines": [ 5091.086426, 5013.046902, 4937.257041, 4849.42317 ] }, { "date": "2025-02-21", "close": 5005.429199, "volume": 10273, "typical_volume": 8750.4, "trend": 4743.027588, "fair_value": 3912.595295, "relative_strength": 4.398463, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.443669, "energy": 67.652472, "activity_lines": [ 5067.788932, 5021.891282, 4950.767627, 4867.586971 ] }, { "date": "2025-02-28", "close": 5004.929199, "volume": 7423, "typical_volume": 8783.9, "trend": 4765.664339, "fair_value": 3922.738358, "relative_strength": 2.494088, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.715021, "energy": 46.809065, "activity_lines": [ 5046.057943, 5028.735884, 4962.38032, 4884.483849 ] }, { "date": "2025-03-07", "close": 4696.464844, "volume": 4058, "typical_volume": 8662.8, "trend": 4775.869271, "fair_value": 3930.618983, "relative_strength": -2.404622, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.548126, "energy": 12.861714, "activity_lines": [ 4921.205599, 4976.132813, 4943.077046, 4880.019365 ] }, { "date": "2025-03-14", "close": 4620.083984, "volume": 8305, "typical_volume": 8832.05, "trend": 4779.612126, "fair_value": 3937.643993, "relative_strength": -3.478257, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -18.083252, "energy": 29.770822, "activity_lines": [ 4799.089779, 4911.542081, 4916.567948, 4869.968702 ] }, { "date": "2025-03-21", "close": 4676.579102, "volume": 4277, "typical_volume": 8757.7, "trend": 4787.137842, "fair_value": 3944.390453, "relative_strength": -2.467198, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -31.378877, "energy": 41.347001, "activity_lines": [ 4731.194238, 4860.938938, 4895.633536, 4863.32141 ] }, { "date": "2025-03-28", "close": 4672.07959, "volume": 5315, "typical_volume": 8795.0, "trend": 4792.863851, "fair_value": 3951.45725, "relative_strength": -2.717025, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.32476, "energy": 43.553513, "activity_lines": [ 4688.32168, 4812.58805, 4873.952951, 4855.898297 ] }, { "date": "2025-04-04", "close": 4385.105469, "volume": 6200, "typical_volume": 8713.7, "trend": 4794.323226, "fair_value": 3956.434597, "relative_strength": -1.865887, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.112009, "energy": 75.678028, "activity_lines": [ 4572.014388, 4718.593635, 4825.664183, 4829.591304 ] }, { "date": "2025-04-11", "close": 4380.605469, "volume": 10043, "typical_volume": 8914.7, "trend": 4791.063704, "fair_value": 3961.482408, "relative_strength": -0.892579, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -52.492914, "energy": 71.108857, "activity_lines": [ 4495.528679, 4634.968768, 4779.045599, 4802.899836 ] }, { "date": "2025-04-18", "close": 4405.603516, "volume": 3096, "typical_volume": 8702.8, "trend": 4787.720915, "fair_value": 3966.645611, "relative_strength": -4.098789, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.627301, "energy": 78.854129, "activity_lines": [ 4448.432943, 4569.321937, 4737.492169, 4778.031437 ] }, { "date": "2025-04-25", "close": 4489.595703, "volume": 5023, "typical_volume": 8477.8, "trend": 4786.927897, "fair_value": 3972.424111, "relative_strength": -3.942088, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.291742, "energy": 67.571544, "activity_lines": [ 4443.633301, 4532.497488, 4706.522391, 4758.797552 ] }, { "date": "2025-05-02", "close": 4649.581543, "volume": 7126, "typical_volume": 8434.15, "trend": 4788.018229, "fair_value": 3978.773268, "relative_strength": -2.735686, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.586557, "energy": 46.977964, "activity_lines": [ 4504.627832, 4535.394567, 4692.652409, 4749.936497 ] }, { "date": "2025-05-09", "close": 4663.580566, "volume": 1082, "typical_volume": 8060.75, "trend": 4787.408805, "fair_value": 3985.622211, "relative_strength": -2.101251, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.65363, "energy": 30.620986, "activity_lines": [ 4571.788574, 4547.30688, 4681.310238, 4741.908261 ] }, { "date": "2025-05-16", "close": 4830.064941, "volume": 4352, "typical_volume": 8042.7, "trend": 4791.382341, "fair_value": 3994.592301, "relative_strength": -0.291238, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.198654, "energy": 20.238743, "activity_lines": [ 4675.879101, 4595.695419, 4686.568341, 4744.66027 ] }, { "date": "2025-05-23", "close": 4655.081055, "volume": 2057, "typical_volume": 7981.1, "trend": 4791.189518, "fair_value": 4001.079222, "relative_strength": -4.326593, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.073564, "energy": 23.820725, "activity_lines": [ 4691.677702, 4609.839613, 4675.02268, 4735.866638 ] }, { "date": "2025-05-30", "close": 4738.07373, "volume": 5871, "typical_volume": 8023.6, "trend": 4795.462874, "fair_value": 4008.123775, "relative_strength": -3.319718, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -21.238852, "energy": 20.476577, "activity_lines": [ 4718.508691, 4638.437074, 4672.187602, 4732.439813 ] }, { "date": "2025-06-06", "close": 4775.569824, "volume": 11636, "typical_volume": 8414.2, "trend": 4793.853743, "fair_value": 4015.950075, "relative_strength": -3.310578, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -13.655359, "energy": 17.746981, "activity_lines": [ 4741.273177, 4672.733922, 4673.434889, 4731.156391 ] }, { "date": "2025-06-13", "close": 4678.174805, "volume": 6119, "typical_volume": 8407.45, "trend": 4788.931445, "fair_value": 4025.201247, "relative_strength": -5.346211, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.248565, "energy": 10.288345, "activity_lines": [ 4723.173437, 4687.440945, 4666.624826, 4723.693233 ] }, { "date": "2025-06-20", "close": 4696.17334, "volume": 4357, "typical_volume": 7854.15, "trend": 4780.659652, "fair_value": 4033.757277, "relative_strength": -4.106634, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.106397, "energy": 9.540957, "activity_lines": [ 4710.10026, 4700.091894, 4663.06346, 4717.708839 ] }, { "date": "2025-06-27", "close": 4713.172363, "volume": 15257, "typical_volume": 7351.9, "trend": 4772.821175, "fair_value": 4042.271703, "relative_strength": -3.976535, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -12.468748, "energy": 8.189368, "activity_lines": [ 4711.619531, 4710.095978, 4663.136496, 4713.354821 ] }, { "date": "2025-07-04", "close": 4766.668945, "volume": 8839, "typical_volume": 6535.45, "trend": 4769.015609, "fair_value": 4050.648513, "relative_strength": -3.146495, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.341483, "energy": 5.254978, "activity_lines": [ 4727.098242, 4724.234552, 4670.388921, 4712.957903 ] }, { "date": "2025-07-11", "close": 4757.669434, "volume": 7683, "typical_volume": 6405.95, "trend": 4764.256543, "fair_value": 4059.022095, "relative_strength": -4.588849, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -3.31208, "energy": 15.704054, "activity_lines": [ 4737.670768, 4731.699157, 4678.249737, 4712.225892 ] }, { "date": "2025-07-18", "close": 4789.16748, "volume": 2663, "typical_volume": 6167.95, "trend": 4763.230436, "fair_value": 4067.360514, "relative_strength": -4.468537, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.101518, "energy": 21.838974, "activity_lines": [ 4759.936002, 4742.925444, 4690.290176, 4713.833049 ] }, { "date": "2025-07-25", "close": 4869.161621, "volume": 2627, "typical_volume": 6096.4, "trend": 4765.504085, "fair_value": 4075.824081, "relative_strength": -4.235057, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 32.74575, "energy": 45.763534, "activity_lines": [ 4801.466439, 4766.412722, 4710.976542, 4720.667319 ] }, { "date": "2025-08-01", "close": 4840.663574, "volume": 1808, "typical_volume": 5771.55, "trend": 4766.044531, "fair_value": 4084.137005, "relative_strength": -4.268009, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 36.037999, "energy": 49.834534, "activity_lines": [ 4821.964974, 4784.007688, 4728.126442, 4725.516318 ] }, { "date": "2025-08-08", "close": 4882.160156, "volume": 1842, "typical_volume": 5649.8, "trend": 4767.268262, "fair_value": 4091.982297, "relative_strength": -3.732565, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 42.902258, "energy": 57.31434, "activity_lines": [ 4847.796289, 4805.77326, 4748.178018, 4733.007649 ] }, { "date": "2025-08-15", "close": 4891.660156, "volume": 2649, "typical_volume": 5516.5, "trend": 4762.609375, "fair_value": 4098.962637, "relative_strength": -3.977655, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 42.225176, "energy": 61.434151, "activity_lines": [ 4869.094857, 4826.646351, 4768.155399, 4741.032932 ] }, { "date": "2025-08-22", "close": 4955.655762, "volume": 2957, "typical_volume": 5354.35, "trend": 4761.116878, "fair_value": 4106.500574, "relative_strength": -4.616769, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.944461, "energy": 66.861026, "activity_lines": [ 4902.792578, 4857.044274, 4793.181978, 4753.487538 ] }, { "date": "2025-08-29", "close": 4952.155762, "volume": 1421, "typical_volume": 4923.25, "trend": 4755.541504, "fair_value": 4114.073741, "relative_strength": -3.298799, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 73.057414, "energy": 78.480347, "activity_lines": [ 4924.224414, 4881.760724, 4815.158317, 4765.812627 ] }, { "date": "2025-09-05", "close": 4960.654785, "volume": 3067, "typical_volume": 4921.8, "trend": 4749.199577, "fair_value": 4121.579648, "relative_strength": -3.379686, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.125464, "energy": 78.877091, "activity_lines": [ 4942.956315, 4903.368226, 4835.222419, 4779.045742 ] }, { "date": "2025-09-12", "close": 4974.245605, "volume": 5967, "typical_volume": 4969.0, "trend": 4745.860384, "fair_value": 4129.815345, "relative_strength": -3.88054, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.078486, "energy": 78.660656, "activity_lines": [ 4958.219075, 4922.947106, 4853.937784, 4793.564841 ] }, { "date": "2025-09-19", "close": 4986.245117, "volume": 6156, "typical_volume": 4920.5, "trend": 4745.220915, "fair_value": 4138.095927, "relative_strength": -2.93069, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.355965, "energy": 59.70822, "activity_lines": [ 4971.342643, 4940.933594, 4871.488102, 4809.073533 ] }, { "date": "2025-09-26", "close": 5030.742676, "volume": 1593, "typical_volume": 4946.05, "trend": 4746.081364, "fair_value": 4147.100672, "relative_strength": -2.780747, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.820713, "energy": 57.647888, "activity_lines": [ 4992.993066, 4962.854625, 4891.673124, 4827.494292 ] }, { "date": "2025-10-03", "close": 5012.743652, "volume": 2479, "typical_volume": 4852.4, "trend": 4756.623991, "fair_value": 4155.342867, "relative_strength": -5.139917, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.695215, "energy": 53.77561, "activity_lines": [ 5003.638021, 4977.110831, 4908.395561, 4844.69831 ] }, { "date": "2025-10-10", "close": 5009.243652, "volume": 12560, "typical_volume": 5377.55, "trend": 4769.59598, "fair_value": 4163.53379, "relative_strength": -4.446152, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.559875, "energy": 50.1479, "activity_lines": [ 5009.077116, 4988.12009, 4923.914767, 4860.996353 ] }, { "date": "2025-10-17", "close": 4970.245605, "volume": 5744, "typical_volume": 5371.2, "trend": 4779.384863, "fair_value": 4171.00377, "relative_strength": -4.344358, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.093363, "energy": 42.1631, "activity_lines": [ 4998.277604, 4988.973704, 4934.033384, 4873.94149 ] }, { "date": "2025-10-24", "close": 6693.37793, "volume": 3131, "typical_volume": 4945.95, "trend": 4846.761475, "fair_value": 4189.05812, "relative_strength": 24.377058, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 97.333902, "energy": 95.696091, "activity_lines": [ 5562.1222, 5301.52255, 5107.154262, 4997.424914 ] }, { "date": "2025-10-31", "close": 5011.243652, "volume": 5844, "typical_volume": 4932.2, "trend": 4867.632747, "fair_value": 4195.900245, "relative_strength": -7.414311, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.372277, "energy": 50.821119, "activity_lines": [ 5451.446517, 5275.470295, 5110.939455, 5008.036667 ] }, { "date": "2025-11-07", "close": 5008.243652, "volume": 5509, "typical_volume": 4989.8, "trend": 4888.55402, "fair_value": 4203.165268, "relative_strength": -6.879865, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.333875, "energy": 43.549441, "activity_lines": [ 5341.070768, 5247.861896, 5112.852892, 5017.108338 ] }, { "date": "2025-11-14", "close": 5079.240234, "volume": 4768, "typical_volume": 4465.35, "trend": 4911.008577, "fair_value": 4210.994325, "relative_strength": -5.46901, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.918052, "energy": 38.476331, "activity_lines": [ 5254.660547, 5232.142187, 5120.041859, 5029.410675 ] }, { "date": "2025-11-21", "close": 5032.742676, "volume": 3015, "typical_volume": 4174.15, "trend": 4929.113476, "fair_value": 4218.390764, "relative_strength": -4.541337, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 25.691861, "energy": 21.873379, "activity_lines": [ 5148.0847, 5205.812278, 5121.059307, 5037.264488 ] }, { "date": "2025-11-28", "close": 5104.739258, "volume": 1234, "typical_volume": 3851.7, "trend": 4944.2854, "fair_value": 4226.7421, "relative_strength": -4.738169, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 23.609308, "energy": 19.736922, "activity_lines": [ 5061.341243, 5191.509073, 5127.666555, 5048.595183 ] }, { "date": "2025-12-05", "close": 5037.742676, "volume": 6850, "typical_volume": 4061.05, "trend": 4956.757471, "fair_value": 4235.307938, "relative_strength": -5.248938, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.871981, "energy": 15.758646, "activity_lines": [ 5058.174837, 5162.870233, 5126.240462, 5054.624685 ] }, { "date": "2025-12-12", "close": 5073.358398, "volume": 2614, "typical_volume": 4060.4, "trend": 4964.867253, "fair_value": 4244.652184, "relative_strength": -4.184633, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.117945, "energy": 13.942249, "activity_lines": [ 5065.113737, 5140.579705, 5127.022651, 5062.147325 ] }, { "date": "2025-12-19", "close": 5047.858887, "volume": 1247, "typical_volume": 4032.35, "trend": 4977.959847, "fair_value": 4253.509374, "relative_strength": -6.777347, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.332529, "energy": 8.509654, "activity_lines": [ 5059.211816, 5112.550817, 5124.40395, 5067.501624 ] }, { "date": "2025-12-26", "close": 5014.859863, "volume": 87, "typical_volume": 3944.6, "trend": 4987.186051, "fair_value": 4262.074931, "relative_strength": -6.870981, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 7.966266, "energy": 6.976085, "activity_lines": [ 5044.402311, 5077.820011, 5117.655841, 5069.882271 ] }, { "date": "2026-01-02", "close": 4997.860352, "volume": 4922, "typical_volume": 4058.25, "trend": 4994.595736, "fair_value": 4270.307242, "relative_strength": -7.661868, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.63969, "energy": 7.471191, "activity_lines": [ 5025.11849, 5039.187216, 5108.656827, 5070.570935 ] }, { "date": "2026-01-09", "close": 5114.856934, "volume": 1702, "typical_volume": 3995.5, "trend": 5009.151807, "fair_value": 4279.500991, "relative_strength": -6.848822, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 11.34333, "energy": 7.332243, "activity_lines": [ 5051.958789, 5052.654119, 5110.294629, 5078.329722 ] }, { "date": "2026-01-16", "close": 5165.855469, "volume": 12534, "typical_volume": 4551.15, "trend": 5024.807878, "fair_value": 4289.665648, "relative_strength": -6.650048, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 27.969591, "energy": 10.897734, "activity_lines": [ 5090.65765, 5073.509606, 5116.031334, 5088.439636 ] }, { "date": "2026-01-23", "close": 5027.859375, "volume": 4521, "typical_volume": 4623.85, "trend": 5035.297445, "fair_value": 4298.461919, "relative_strength": -8.018115, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.230833, "energy": 9.06098, "activity_lines": [ 5077.191341, 5066.409224, 5107.607936, 5088.636507 ] }, { "date": "2026-01-30", "close": 5047.858887, "volume": 5396, "typical_volume": 4595.3, "trend": 5044.670443, "fair_value": 4307.181337, "relative_strength": -8.059306, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 20.036717, "energy": 16.332703, "activity_lines": [ 5071.724837, 5063.879315, 5100.769231, 5089.446922 ] }, { "date": "2026-02-06", "close": 5329.851074, "volume": 1258, "typical_volume": 4350.4, "trend": 5063.743164, "fair_value": 4317.570632, "relative_strength": -4.024509, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 56.724268, "energy": 40.876036, "activity_lines": [ 5158.055794, 5112.345872, 5120.436386, 5107.845673 ] }, { "date": "2026-02-13", "close": 5258.353027, "volume": 1042, "typical_volume": 4322.85, "trend": 5079.382682, "fair_value": 4327.700247, "relative_strength": -5.743208, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 59.558774, "energy": 51.870917, "activity_lines": [ 5198.421354, 5143.719842, 5131.657985, 5120.401148 ] }, { "date": "2026-02-20", "close": 5312.351563, "volume": 3427, "typical_volume": 4370.25, "trend": 5094.15568, "fair_value": 4338.403489, "relative_strength": -6.646122, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.289417, "energy": 65.228907, "activity_lines": [ 5247.22002, 5180.90063, 5146.938442, 5135.431398 ] }, { "date": "2026-02-27", "close": 5408.848633, "volume": 1652, "typical_volume": 3824.85, "trend": 5113.095182, "fair_value": 4349.606755, "relative_strength": -6.655191, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.233182, "energy": 76.51523, "activity_lines": [ 5318.417969, 5231.28101, 5169.982392, 5155.734169 ] }, { "date": "2026-03-06", "close": 5389.349121, "volume": 813, "typical_volume": 3578.3, "trend": 5130.001481, "fair_value": 4361.389893, "relative_strength": -1.271431, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.391409, "energy": 75.272931, "activity_lines": [ 5357.716797, 5271.552575, 5189.266364, 5173.557004 ] }, { "date": "2026-03-13", "close": 5317.5, "volume": 700, "typical_volume": 3456.75, "trend": 5144.196143, "fair_value": 4373.730259, "relative_strength": -2.303454, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.2412, "energy": 68.757021, "activity_lines": [ 5350.299902, 5291.951767, 5199.711833, 5185.653683 ] }, { "date": "2026-03-20", "close": 5224.0, "volume": 2836, "typical_volume": 3306.35, "trend": 5153.140951, "fair_value": 4385.420005, "relative_strength": -0.652136, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.320069, "energy": 44.077216, "activity_lines": [ 5312.539746, 5289.539329, 5207.804339, 5190.802319 ] }, { "date": "2026-03-27", "close": 5233.5, "volume": 5183, "typical_volume": 3290.05, "trend": 5162.519092, "fair_value": 4396.622748, "relative_strength": -0.909612, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 41.32781, "energy": 24.563479, "activity_lines": [ 5280.236458, 5286.869744, 5215.788481, 5195.986773 ] }, { "date": "2026-04-03", "close": 5344.5, "volume": 5226, "typical_volume": 3312.95, "trend": 5175.313932, "fair_value": 4408.277499, "relative_strength": -3.241091, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 45.893063, "energy": 23.365141, "activity_lines": [ 5290.189941, 5303.152077, 5233.271403, 5207.727477 ] }, { "date": "2026-04-10", "close": 5429.88916, "volume": 7817, "typical_volume": 3553.05, "trend": 5190.502051, "fair_value": 4420.30339, "relative_strength": -3.084763, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 64.928337, "energy": 34.130417, "activity_lines": [ 5332.896387, 5329.20261, 5257.623484, 5224.151685 ] }, { "date": "2026-04-17", "close": 5458.388184, "volume": 7305, "typical_volume": 3856.6, "trend": 5206.240153, "fair_value": 4432.854807, "relative_strength": -3.116017, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 66.408813, "energy": 43.510293, "activity_lines": [ 5382.399837, 5353.488778, 5282.798584, 5241.434662 ] }, { "date": "2026-04-24", "close": 5463.888184, "volume": 1479, "typical_volume": 3588.05, "trend": 5220.678337, "fair_value": 4445.765096, "relative_strength": -0.296995, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.662408, "energy": 64.085903, "activity_lines": [ 5424.344076, 5376.437909, 5306.813451, 5258.057115 ] }, { "date": "2026-05-01", "close": 5528.887207, "volume": 596, "typical_volume": 3487.15, "trend": 5237.883122, "fair_value": 4459.675187, "relative_strength": 1.064281, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.858154, "energy": 70.885154, "activity_lines": [ 5471.96211, 5407.46804, 5334.989437, 5277.941559 ] }, { "date": "2026-05-08", "close": 5588.885742, "volume": 1105, "typical_volume": 3480.05, "trend": 5257.204525, "fair_value": 4473.921823, "relative_strength": 3.46302, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.668326, "energy": 78.755261, "activity_lines": [ 5519.887175, 5445.469984, 5366.710384, 5300.586889 ] }, { "date": "2026-05-15", "close": 5761.882324, "volume": 1594, "typical_volume": 3555.4, "trend": 5283.592415, "fair_value": 4489.245371, "relative_strength": 7.024979, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.416506, "energy": 87.313267, "activity_lines": [ 5609.185384, 5511.65245, 5412.330878, 5333.146747 ] }, { "date": "2026-05-22", "close": 5814.381348, "volume": 6177, "typical_volume": 3618.15, "trend": 5254.292529, "fair_value": 4505.052836, "relative_strength": 5.122177, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.601015, "energy": 91.702715, "activity_lines": [ 5693.850391, 5580.606863, 5459.394029, 5367.391194 ] }, { "date": "2026-05-29", "close": 5795.381348, "volume": 9591, "typical_volume": 4012.6, "trend": 5280.430453, "fair_value": 4520.632772, "relative_strength": 5.288666, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.388687, "energy": 89.673295, "activity_lines": [ 5748.449186, 5637.072523, 5500.759461, 5402.30015 ] }, { "date": "2026-06-05", "close": 5848.0345, "volume": 131, "typical_volume": 3392.45, "trend": 5308.423481, "fair_value": 4536.354781, "relative_strength": 6.575624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.113417, "energy": 89.911064, "activity_lines": [ 5798.499488, 5692.722732, 5543.898887, 5438.919766 ] }, { "date": "2026-06-12", "close": 5939.5, "volume": 2157, "typical_volume": 3274.25, "trend": 5337.098806, "fair_value": 4553.088126, "relative_strength": 7.021422, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.44665, "energy": 91.589067, "activity_lines": [ 5857.761804, 5753.829678, 5592.500841, 5479.63438 ] }, { "date": "2026-06-19", "close": 6090.0, "volume": 140, "typical_volume": 3011.45, "trend": 5372.340717, "fair_value": 4570.911182, "relative_strength": 10.670383, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 88.919582, "energy": 91.676686, "activity_lines": [ 5943.816503, 5831.482078, 5651.094982, 5528.208651 ] }, { "date": "2026-06-26", "close": 6025.0, "volume": 927, "typical_volume": 2994.9, "trend": 5403.016075, "fair_value": 4587.635063, "relative_strength": 7.83415, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.160396, "energy": 88.607442, "activity_lines": [ 5986.330023, 5885.314281, 5698.53607, 5570.315701 ] }, { "date": "2026-07-03", "close": 5952.0, "volume": 12752, "typical_volume": 3580.4, "trend": 5433.491319, "fair_value": 4604.38125, "relative_strength": 4.757046, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 67.990554, "energy": 84.027058, "activity_lines": [ 5990.468967, 5915.571724, 5735.714545, 5605.734019 ] }, { "date": "2026-07-10", "close": 5911.0, "volume": 2004, "typical_volume": 3509.25, "trend": 5461.412706, "fair_value": 4620.935108, "relative_strength": 5.717808, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.881091, "energy": 65.435641, "activity_lines": [ 5970.5, 5929.49986, 5765.685177, 5636.541031 ] }, { "date": "2026-07-17", "close": 5704.5, "volume": 3129, "typical_volume": 3583.1, "trend": 5483.300743, "fair_value": 4635.28728, "relative_strength": 1.012054, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 49.457696, "energy": 43.974285, "activity_lines": [ 5877.5, 5898.935038, 5773.138435, 5652.224082 ] }, { "date": "2026-07-24", "close": 5859.0, "volume": 5458, "typical_volume": 3815.35, "trend": 5511.438748, "fair_value": 4650.514488, "relative_strength": 2.3918, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.97581, "energy": 31.332075, "activity_lines": [ 5851.666667, 5894.359046, 5793.898116, 5676.462744 ] }, { "date": "2026-07-31", "close": 5648.0, "volume": 7588, "typical_volume": 4159.75, "trend": 5533.110069, "fair_value": 4664.286592, "relative_strength": -2.443926, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.476107, "energy": 24.443415, "activity_lines": [ 5770.9, 5849.653643, 5792.326125, 5685.273147 ] }, { "date": "2026-08-07", "close": 5689.5, "volume": 8047, "typical_volume": 4420.3, "trend": 5552.264838, "fair_value": 4678.27666, "relative_strength": -1.972105, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.152539, "energy": 24.396543, "activity_lines": [ 5729.1, 5815.518809, 5793.132706, 5695.36282 ] } ], "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." } } }