{ "ticker": { "uuid": "f4cf8a30-a934-4062-af1d-f2d00e41822d", "symbol": "ENT", "name": "Entain Plc", "exchange": "LSE", "country": "GB", "assetType": "equity" }, "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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -48.187, "architecture_energy": 23.289, "architecture_maturity": 67.434, "architecture_confidence": 95.182, "architecture_tenure": "Extended", "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": 38.99, "rotation_up": 20.97, "upward_expansion": 1.41, "deceleration": 50.24, "rotation_down": 44.52, "downward_expansion": 74.75 }, "activity_lines": [ 547.946667, 551.127273, 554.238093, 558.455084 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 545.0, "trend_reference": 571.632555, "distance_from_trend": -0.04659, "trend_direction": "Weakening", "fair_value": 754.503971, "distance_from_fair_value": -0.277671, "fair_value_direction": "Improving", "relative_strength": -25.800446, "relative_strength_direction": "Improving", "price_momentum": -0.107578, "excess_performance": -0.158813, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.04659, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.100486, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.277671, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.05233, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.258004, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.060821, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.107578, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.651354, "read": "Supply-led" } ], "volume": { "latest": 30607092, "relative_activity": 1.943521, "balance": 0.651354, "dry_up": 1.26642, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.074327, "annualized_volatility": 0.419126, "from_high_reference": -0.436361, "from_low_reference": 0.089129 }, "levels": { "trend_reference": 571.632555, "fair_value_reference": 754.503971, "structural_low": 500.399994, "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": 35, "median_return": -0.048254, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.016324, "regime_survival": 0.828571, "best_return": 0.340383, "worst_return": -0.193457, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.058455, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.074815, "regime_survival": 0.75, "best_return": 0.828013, "worst_return": -0.291115, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.21834, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.245121, "regime_survival": 0.571429, "best_return": 0.738819, "worst_return": -0.366252, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 3, "median_return": -0.147538, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.176154, "regime_survival": 0.333333, "best_return": 0.434393, "worst_return": -0.504624, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-09-20", "end": "2024-09-27", "tenure": "New", "return": 0.072633, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2024-10-04", "end": "2024-11-08", "tenure": "Developing", "return": -0.02043, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2024-11-22", "tenure": "New", "return": 0.018899, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-11-29", "end": "2025-01-10", "tenure": "Developing", "return": -0.225174, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-07", "tenure": "New", "return": 0.108423, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-14", "end": "2025-03-28", "tenure": "Developing", "return": -0.177206, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-16", "tenure": "Developing", "return": 0.532322, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-23", "end": "2025-06-27", "tenure": "Developing", "return": 0.234828, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-08-22", "tenure": "Developing", "return": -0.037222, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-29", "end": "2025-10-31", "tenure": "Developing", "return": -0.097494, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-28", "tenure": "New", "return": 0.062637, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-05", "end": "2025-12-26", "tenure": "New", "return": -0.011328, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-01-02", "end": "2026-01-09", "tenure": "New", "return": -0.009334, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-16", "end": "2026-08-07", "tenure": "Extended", "return": -0.224621, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 1173.690552, "volume": 49851519, "typical_volume": 16056748.05, "trend": 1335.128963, "fair_value": 1444.051183, "relative_strength": -7.328974, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -51.021532, "energy": 23.465257, "activity_lines": [ 1287.747119, 1284.364129, 1306.655393, 1314.851599 ] }, { "date": "2023-08-25", "close": 1155.203247, "volume": 11510228, "typical_volume": 16361505.9, "trend": 1322.844718, "fair_value": 1446.305812, "relative_strength": -9.633402, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.263574, "energy": 47.361648, "activity_lines": [ 1238.007161, 1262.948615, 1290.016085, 1303.243488 ] }, { "date": "2023-09-01", "close": 1152.705078, "volume": 16542390, "typical_volume": 16715112.35, "trend": 1308.395605, "fair_value": 1448.513686, "relative_strength": -11.247287, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.992035, "energy": 72.192187, "activity_lines": [ 1195.089762, 1242.25829, 1273.757035, 1292.266737 ] }, { "date": "2023-09-08", "close": 1172.19165, "volume": 23254861, "typical_volume": 17375946.7, "trend": 1303.771724, "fair_value": 1450.430178, "relative_strength": -9.823839, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.811901, "energy": 73.997028, "activity_lines": [ 1173.084684, 1226.499312, 1260.041024, 1283.479385 ] }, { "date": "2023-09-15", "close": 1152.705078, "volume": 18411201, "typical_volume": 17563349.0, "trend": 1295.650671, "fair_value": 1452.100071, "relative_strength": -13.833036, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.093608, "energy": 77.775514, "activity_lines": [ 1159.633618, 1208.994411, 1245.572667, 1273.73315 ] }, { "date": "2023-09-22", "close": 1055.272217, "volume": 16683848, "typical_volume": 17819920.95, "trend": 1287.312667, "fair_value": 1452.470356, "relative_strength": -20.68595, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.532593, "energy": 84.252535, "activity_lines": [ 1124.291317, 1174.926598, 1223.206874, 1258.224862 ] }, { "date": "2023-09-29", "close": 932.157104, "volume": 32547717, "typical_volume": 18777567.8, "trend": 1272.3396, "fair_value": 1452.073218, "relative_strength": -28.966066, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -92.47122, "energy": 91.880698, "activity_lines": [ 1055.8052, 1122.406201, 1191.128221, 1235.3116 ] }, { "date": "2023-10-06", "close": 926.960693, "volume": 29032828, "typical_volume": 19878149.75, "trend": 1259.607971, "fair_value": 1451.031138, "relative_strength": -27.988679, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.173042, "energy": 93.838434, "activity_lines": [ 1000.456689, 1075.084191, 1161.091468, 1213.02909 ] }, { "date": "2023-10-13", "close": 934.355591, "volume": 15247794, "typical_volume": 20307050.4, "trend": 1250.533805, "fair_value": 1450.196575, "relative_strength": -28.057991, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.561796, "energy": 91.182286, "activity_lines": [ 962.62277, 1037.143004, 1134.363353, 1192.045066 ] }, { "date": "2023-10-20", "close": 933.156433, "volume": 19960787, "typical_volume": 20611481.4, "trend": 1242.285671, "fair_value": 1449.748203, "relative_strength": -25.881586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.603589, "energy": 89.034786, "activity_lines": [ 940.244869, 1007.4125, 1109.742829, 1171.569106 ] }, { "date": "2023-10-27", "close": 914.169495, "volume": 15244422, "typical_volume": 20905904.55, "trend": 1230.906543, "fair_value": 1449.420209, "relative_strength": -25.853488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.251043, "energy": 88.832695, "activity_lines": [ 926.174565, 981.108815, 1085.189418, 1150.400321 ] }, { "date": "2023-11-03", "close": 918.966187, "volume": 32800307, "typical_volume": 20311229.6, "trend": 1218.70472, "fair_value": 1448.941076, "relative_strength": -26.306941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.000801, "energy": 75.6099, "activity_lines": [ 923.110006, 960.39582, 1062.906377, 1130.275136 ] }, { "date": "2023-11-10", "close": 924.962036, "volume": 33007344, "typical_volume": 21008321.7, "trend": 1206.30306, "fair_value": 1448.467075, "relative_strength": -24.732738, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.574707, "energy": 64.361245, "activity_lines": [ 922.923458, 945.068199, 1042.628198, 1111.323995 ] }, { "date": "2023-11-17", "close": 855.210205, "volume": 23660236, "typical_volume": 21437028.35, "trend": 1188.012386, "fair_value": 1447.706059, "relative_strength": -31.207832, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.212591, "energy": 70.1035, "activity_lines": [ 899.619544, 921.199209, 1017.155091, 1088.672844 ] }, { "date": "2023-11-24", "close": 858.40802, "volume": 22036877, "typical_volume": 22161364.7, "trend": 1168.529295, "fair_value": 1446.531955, "relative_strength": -30.210127, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.433289, "energy": 67.095639, "activity_lines": [ 882.657926, 903.674939, 993.966638, 1067.408046 ] }, { "date": "2023-12-01", "close": 807.443115, "volume": 16918413, "typical_volume": 22615139.6, "trend": 1146.181598, "fair_value": 1445.204076, "relative_strength": -34.114625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.367865, "energy": 69.703532, "activity_lines": [ 853.691235, 882.235178, 967.627555, 1044.112163 ] }, { "date": "2023-12-08", "close": 802.446594, "volume": 16544062, "typical_volume": 22672078.4, "trend": 1124.10035, "fair_value": 1443.690459, "relative_strength": -34.110812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -75.459763, "energy": 68.629915, "activity_lines": [ 830.174129, 864.392943, 943.022555, 1021.935711 ] }, { "date": "2023-12-15", "close": 937.953125, "volume": 24323109, "typical_volume": 22866297.1, "trend": 1106.236222, "fair_value": 1442.33457, "relative_strength": -22.685314, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.653748, "energy": 54.93477, "activity_lines": [ 859.593839, 873.546632, 933.549539, 1009.926213 ] }, { "date": "2023-12-22", "close": 979.324585, "volume": 18015116, "typical_volume": 23012361.95, "trend": 1092.182617, "fair_value": 1441.275906, "relative_strength": -20.084474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.285768, "energy": 38.766404, "activity_lines": [ 901.937964, 890.022542, 930.069062, 1001.738365 ] }, { "date": "2023-12-29", "close": 993.514771, "volume": 4500297, "typical_volume": 22004667.8, "trend": 1081.066813, "fair_value": 1440.385059, "relative_strength": -18.823047, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.668845, "energy": 25.787921, "activity_lines": [ 940.737858, 908.260868, 929.933412, 995.372698 ] }, { "date": "2024-01-05", "close": 976.32666, "volume": 16401081, "typical_volume": 20332145.9, "trend": 1070.443921, "fair_value": 1437.196887, "relative_strength": -19.218981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.030126, "energy": 30.060924, "activity_lines": [ 964.801266, 922.276658, 929.675019, 988.615269 ] }, { "date": "2024-01-12", "close": 941.550659, "volume": 26331831, "typical_volume": 21073226.05, "trend": 1061.159932, "fair_value": 1434.256524, "relative_strength": -20.842421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.292262, "energy": 22.952846, "activity_lines": [ 966.01377, 928.839409, 927.044454, 980.299574 ] }, { "date": "2024-01-19", "close": 916.168152, "volume": 13488279, "typical_volume": 20920520.5, "trend": 1050.730088, "fair_value": 1431.931602, "relative_strength": -20.597649, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -20.772354, "energy": 17.435416, "activity_lines": [ 949.491834, 930.376531, 923.0139, 970.945266 ] }, { "date": "2024-01-26", "close": 966.533386, "volume": 16136570, "typical_volume": 20564605.95, "trend": 1040.580147, "fair_value": 1430.17931, "relative_strength": -17.417658, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -17.087997, "energy": 11.181892, "activity_lines": [ 951.21064, 941.230858, 924.906402, 965.513221 ] }, { "date": "2024-02-02", "close": 987.71875, "volume": 15014924, "typical_volume": 20394792.1, "trend": 1032.968323, "fair_value": 1428.268215, "relative_strength": -14.629525, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -6.150525, "energy": 5.949852, "activity_lines": [ 960.843982, 953.913012, 929.795882, 962.102808 ] }, { "date": "2024-02-09", "close": 1009.80365, "volume": 9901971, "typical_volume": 20055698.25, "trend": 1024.244069, "fair_value": 1426.075991, "relative_strength": -11.858537, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 1.707907, "energy": 9.433569, "activity_lines": [ 978.225358, 968.259497, 937.574336, 960.608313 ] }, { "date": "2024-02-16", "close": 932.756775, "volume": 9698013, "typical_volume": 18913213.05, "trend": 1013.001546, "fair_value": 1423.30982, "relative_strength": -19.504852, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.521202, "energy": 12.355845, "activity_lines": [ 967.692643, 964.918177, 938.231508, 954.705907 ] }, { "date": "2024-02-23", "close": 910.572021, "volume": 9467069, "typical_volume": 17934925.1, "trend": 997.722046, "fair_value": 1420.097224, "relative_strength": -20.883027, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -32.366961, "energy": 14.221843, "activity_lines": [ 950.351269, 955.17399, 936.772992, 948.09755 ] }, { "date": "2024-03-01", "close": 916.168152, "volume": 15562891, "typical_volume": 17950679.95, "trend": 981.663161, "fair_value": 1416.907691, "relative_strength": -19.5852, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -35.117358, "energy": 18.427965, "activity_lines": [ 935.248348, 946.945119, 935.925482, 942.836009 ] }, { "date": "2024-03-08", "close": 746.485107, "volume": 21865524, "typical_volume": 18045916.8, "trend": 962.829303, "fair_value": 1412.300614, "relative_strength": -33.669, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -79.562208, "energy": 61.355284, "activity_lines": [ 866.942094, 909.013085, 919.004288, 927.663231 ] }, { "date": "2024-03-15", "close": 773.555176, "volume": 35698755, "typical_volume": 19068633.45, "trend": 949.491457, "fair_value": 1407.290655, "relative_strength": -31.286774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.703954, "energy": 78.786128, "activity_lines": [ 823.741439, 880.494329, 905.550107, 915.451997 ] }, { "date": "2024-03-22", "close": 783.94928, "volume": 18542270, "typical_volume": 18355731.6, "trend": 937.116325, "fair_value": 1402.360134, "relative_strength": -31.603405, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.572221, "energy": 81.372708, "activity_lines": [ 799.755383, 857.552165, 893.755434, 904.771857 ] }, { "date": "2024-03-29", "close": 796.941711, "volume": 8684730, "typical_volume": 17139600.9, "trend": 925.257546, "fair_value": 1397.679416, "relative_strength": -30.061136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.234584, "energy": 80.010176, "activity_lines": [ 790.020638, 839.837741, 883.841072, 895.728333 ] }, { "date": "2024-04-05", "close": 783.5495, "volume": 13135761, "typical_volume": 16613377.15, "trend": 912.302808, "fair_value": 1392.669478, "relative_strength": -30.249868, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.777146, "energy": 74.778691, "activity_lines": [ 783.397176, 821.856122, 873.260882, 886.585879 ] }, { "date": "2024-04-12", "close": 820.328308, "volume": 19760052, "typical_volume": 16499535.9, "trend": 901.223582, "fair_value": 1387.376536, "relative_strength": -27.133222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.545052, "energy": 47.250709, "activity_lines": [ 797.874561, 813.88854, 866.524677, 880.65204 ] }, { "date": "2024-04-19", "close": 836.918823, "volume": 20123479, "typical_volume": 16659789.2, "trend": 893.945135, "fair_value": 1381.914547, "relative_strength": -23.9795, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.5838, "energy": 34.350039, "activity_lines": [ 812.959237, 811.980877, 861.549853, 876.503346 ] }, { "date": "2024-04-26", "close": 783.749268, "volume": 15270120, "typical_volume": 16596092.1, "trend": 888.998208, "fair_value": 1376.105324, "relative_strength": -30.103112, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -51.863319, "energy": 35.374822, "activity_lines": [ 806.096484, 803.549383, 851.370901, 869.393935 ] }, { "date": "2024-05-03", "close": 784.948669, "volume": 6033120, "typical_volume": 15681592.65, "trend": 884.264473, "fair_value": 1370.508735, "relative_strength": -29.697534, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -48.739431, "energy": 32.771485, "activity_lines": [ 799.646867, 798.045189, 841.395213, 862.681061 ] }, { "date": "2024-05-10", "close": 778.352417, "volume": 9981068, "typical_volume": 15279890.25, "trend": 879.064368, "fair_value": 1365.523122, "relative_strength": -31.168478, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.569806, "energy": 39.749632, "activity_lines": [ 791.798035, 793.625738, 831.519904, 855.848026 ] }, { "date": "2024-05-17", "close": 721.585022, "volume": 7858957, "typical_volume": 15447823.25, "trend": 872.011987, "fair_value": 1360.035919, "relative_strength": -35.115491, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.517112, "energy": 67.302579, "activity_lines": [ 765.37321, 781.390683, 817.195185, 845.688068 ] }, { "date": "2024-05-24", "close": 706.793518, "volume": 9682137, "typical_volume": 15111876.05, "trend": 865.099455, "fair_value": 1354.00238, "relative_strength": -34.722686, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.317071, "energy": 75.297982, "activity_lines": [ 740.600769, 766.918992, 802.756656, 835.028812 ] }, { "date": "2024-05-31", "close": 674.81189, "volume": 19321187, "typical_volume": 14761343.85, "trend": 856.960978, "fair_value": 1347.229053, "relative_strength": -36.487028, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.989634, "energy": 81.369425, "activity_lines": [ 713.842806, 747.846308, 786.555749, 822.752195 ] }, { "date": "2024-06-07", "close": 715.988342, "volume": 20243587, "typical_volume": 15099109.25, "trend": 849.995188, "fair_value": 1340.268159, "relative_strength": -31.500286, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.016858, "energy": 80.539687, "activity_lines": [ 708.072819, 738.244568, 775.546593, 813.657186 ] }, { "date": "2024-06-14", "close": 655.622986, "volume": 10674100, "typical_volume": 14825985.75, "trend": 843.342281, "fair_value": 1332.801822, "relative_strength": -35.745511, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.270342, "energy": 86.444447, "activity_lines": [ 686.778402, 719.139188, 759.741593, 801.117044 ] }, { "date": "2024-06-21", "close": 662.618958, "volume": 19118115, "typical_volume": 15031145.3, "trend": 836.815979, "fair_value": 1325.521231, "relative_strength": -34.933715, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.248239, "energy": 81.89114, "activity_lines": [ 675.997937, 703.631739, 746.083401, 789.457475 ] }, { "date": "2024-06-28", "close": 629.637939, "volume": 12430260, "typical_volume": 15157559.75, "trend": 830.88914, "fair_value": 1318.045234, "relative_strength": -36.712746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.783942, "energy": 80.768246, "activity_lines": [ 658.154871, 684.995185, 730.832255, 776.091149 ] }, { "date": "2024-07-05", "close": 639.032532, "volume": 21836662, "typical_volume": 15764492.2, "trend": 825.442004, "fair_value": 1310.165131, "relative_strength": -35.162463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.840929, "energy": 75.563679, "activity_lines": [ 648.58704, 671.835481, 718.286144, 763.713304 ] }, { "date": "2024-07-12", "close": 676.01123, "volume": 10058381, "typical_volume": 15794057.8, "trend": 816.710608, "fair_value": 1302.835894, "relative_strength": -30.831051, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.816059, "energy": 58.45975, "activity_lines": [ 653.730733, 668.030391, 710.660501, 754.072609 ] }, { "date": "2024-07-19", "close": 643.829773, "volume": 5985271, "typical_volume": 15315176.8, "trend": 805.527447, "fair_value": 1295.12424, "relative_strength": -32.385901, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.518946, "energy": 57.136112, "activity_lines": [ 650.812414, 660.354807, 701.086914, 742.919006 ] }, { "date": "2024-07-26", "close": 648.627014, "volume": 6761655, "typical_volume": 14559983.35, "trend": 794.031189, "fair_value": 1287.648283, "relative_strength": -31.832138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.389634, "energy": 51.476629, "activity_lines": [ 650.27939, 655.997316, 693.267056, 732.796398 ] }, { "date": "2024-08-02", "close": 539.289917, "volume": 23702929, "typical_volume": 13960192.05, "trend": 779.463297, "fair_value": 1278.750937, "relative_strength": -41.387009, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -88.08223, "energy": 64.697623, "activity_lines": [ 614.233463, 633.086861, 675.500132, 716.361477 ] }, { "date": "2024-08-09", "close": 557.879211, "volume": 23881652, "typical_volume": 14227161.15, "trend": 766.674249, "fair_value": 1269.774214, "relative_strength": -38.19828, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.885393, "energy": 63.938897, "activity_lines": [ 590.407169, 616.601798, 660.619166, 702.065729 ] }, { "date": "2024-08-16", "close": 637.930847, "volume": 23011526, "typical_volume": 14943500.95, "trend": 757.399672, "fair_value": 1262.021545, "relative_strength": -29.507716, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.770509, "energy": 54.584208, "activity_lines": [ 598.674975, 616.797626, 654.438689, 693.759703 ] }, { "date": "2024-08-23", "close": 640.529724, "volume": 18456624, "typical_volume": 15209544.1, "trend": 746.532884, "fair_value": 1253.898061, "relative_strength": -28.34108, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.352743, "energy": 50.537089, "activity_lines": [ 610.347766, 618.885205, 649.262919, 686.219707 ] }, { "date": "2024-08-30", "close": 645.727539, "volume": 10711522, "typical_volume": 14757117.6, "trend": 735.133177, "fair_value": 1245.593345, "relative_strength": -27.171287, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.480909, "energy": 34.055099, "activity_lines": [ 623.973165, 622.192264, 645.263226, 679.716136 ] }, { "date": "2024-09-06", "close": 639.130371, "volume": 14501501, "typical_volume": 14476018.7, "trend": 722.777401, "fair_value": 1237.352014, "relative_strength": -25.126778, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.323531, "energy": 21.770599, "activity_lines": [ 635.592806, 624.606955, 641.466663, 673.522407 ] }, { "date": "2024-09-13", "close": 734.290161, "volume": 14198942, "typical_volume": 14422459.8, "trend": 716.161847, "fair_value": 1229.531748, "relative_strength": -13.968454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.554489, "energy": 15.022404, "activity_lines": [ 672.276347, 644.150835, 647.674787, 674.265166 ] }, { "date": "2024-09-20", "close": 734.889954, "volume": 12438600, "typical_volume": 14742733.8, "trend": 710.305778, "fair_value": 1220.08858, "relative_strength": -12.665181, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 10.628846, "energy": 24.766597, "activity_lines": [ 697.399089, 662.071813, 654.175554, 675.473431 ] }, { "date": "2024-09-27", "close": 788.267395, "volume": 10185171, "typical_volume": 14752938.95, "trend": 706.042419, "fair_value": 1211.333414, "relative_strength": -6.85722, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 42.08298, "energy": 49.539827, "activity_lines": [ 733.85037, 688.627257, 665.998261, 680.503212 ] }, { "date": "2024-10-04", "close": 763.277954, "volume": 16673933, "typical_volume": 15193687.75, "trend": 706.602181, "fair_value": 1202.57177, "relative_strength": -8.829029, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 31.212367, "energy": 57.28416, "activity_lines": [ 752.12266, 708.013028, 675.393808, 684.195827 ] }, { "date": "2024-10-11", "close": 766.676514, "volume": 11157506, "typical_volume": 15267456.2, "trend": 706.372892, "fair_value": 1194.056071, "relative_strength": -7.596304, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.675495, "energy": 61.355603, "activity_lines": [ 763.691109, 725.932157, 684.914489, 688.071591 ] }, { "date": "2024-10-18", "close": 727.093262, "volume": 16061437, "typical_volume": 15104468.7, "trend": 704.477692, "fair_value": 1185.107306, "relative_strength": -12.811994, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 34.934597, "energy": 47.917296, "activity_lines": [ 753.562065, 732.520029, 690.380179, 689.408389 ] }, { "date": "2024-10-25", "close": 715.098267, "volume": 7041021, "typical_volume": 14444340.4, "trend": 701.749577, "fair_value": 1176.574798, "relative_strength": -12.459291, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.430466, "energy": 27.558189, "activity_lines": [ 739.914482, 733.850373, 694.45453, 690.093587 ] }, { "date": "2024-11-01", "close": 734.090271, "volume": 9369507, "typical_volume": 14379110.75, "trend": 700.100936, "fair_value": 1168.164034, "relative_strength": -8.742894, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 16.306319, "energy": 17.828771, "activity_lines": [ 733.917013, 737.230765, 700.341882, 692.180084 ] }, { "date": "2024-11-08", "close": 747.684509, "volume": 6756825, "typical_volume": 13761046.25, "trend": 697.679476, "fair_value": 1160.163842, "relative_strength": -5.234149, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 17.444897, "energy": 15.516906, "activity_lines": [ 736.062765, 741.381736, 707.150269, 695.249992 ] }, { "date": "2024-11-15", "close": 740.487488, "volume": 5707920, "typical_volume": 13424929.25, "trend": 694.465098, "fair_value": 1152.623473, "relative_strength": -5.632986, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.783991, "energy": 24.973961, "activity_lines": [ 736.849072, 742.370395, 712.868152, 698.011799 ] }, { "date": "2024-11-22", "close": 754.481628, "volume": 5123903, "typical_volume": 12589291.3, "trend": 693.48951, "fair_value": 1146.41849, "relative_strength": -5.725235, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.833737, "energy": 30.137521, "activity_lines": [ 744.046029, 744.060586, 719.390955, 701.883833 ] }, { "date": "2024-11-29", "close": 805.260193, "volume": 11459689, "typical_volume": 12659356.7, "trend": 694.166561, "fair_value": 1141.083395, "relative_strength": 0.5147, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.010409, "energy": 55.56893, "activity_lines": [ 766.343282, 754.616126, 730.200054, 709.094845 ] }, { "date": "2024-12-06", "close": 812.856995, "volume": 7510823, "typical_volume": 12735634.3, "trend": 695.316713, "fair_value": 1135.835424, "relative_strength": 1.371993, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 71.263286, "energy": 65.595567, "activity_lines": [ 785.162008, 765.273443, 741.117187, 716.752292 ] }, { "date": "2024-12-13", "close": 814.65625, "volume": 4492702, "typical_volume": 12622186.65, "trend": 698.419088, "fair_value": 1130.803932, "relative_strength": 2.220461, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.710162, "energy": 74.049665, "activity_lines": [ 799.32937, 775.810814, 751.400786, 724.451617 ] }, { "date": "2024-12-20", "close": 707.301575, "volume": 14305777, "typical_volume": 12152329.05, "trend": 698.436023, "fair_value": 1124.552693, "relative_strength": -8.151142, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.406195, "energy": 40.53146, "activity_lines": [ 773.247058, 765.895003, 750.669515, 725.024681 ] }, { "date": "2024-12-27", "close": 676.714478, "volume": 13782029, "typical_volume": 11647347.9, "trend": 698.499443, "fair_value": 1118.111789, "relative_strength": -12.019019, "stage": 1, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 14.913655, "energy": 9.819304, "activity_lines": [ 739.181442, 751.497446, 746.225131, 723.623291 ] }, { "date": "2025-01-03", "close": 676.114746, "volume": 10216226, "typical_volume": 11007582.9, "trend": 697.170323, "fair_value": 1111.814344, "relative_strength": -12.088386, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -5.073446, "energy": 19.656831, "activity_lines": [ 710.100391, 737.906824, 741.157748, 722.179117 ] }, { "date": "2025-01-10", "close": 623.936707, "volume": 6723685, "typical_volume": 10420935.95, "trend": 696.114113, "fair_value": 1104.884613, "relative_strength": -18.310119, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -38.644361, "energy": 42.989324, "activity_lines": [ 672.236357, 715.538077, 730.9392, 717.454367 ] }, { "date": "2025-01-17", "close": 669.317505, "volume": 13164147, "typical_volume": 10543567.2, "trend": 696.337398, "fair_value": 1098.703707, "relative_strength": -14.228133, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.005741, "energy": 51.336365, "activity_lines": [ 662.093941, 703.423177, 725.121647, 715.725554 ] }, { "date": "2025-01-24", "close": 673.715698, "volume": 7629659, "typical_volume": 10199975.1, "trend": 697.806657, "fair_value": 1092.954481, "relative_strength": -12.770315, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.217088, "energy": 51.870523, "activity_lines": [ 663.10684, 693.532803, 719.610636, 714.266089 ] }, { "date": "2025-01-31", "close": 706.501892, "volume": 7654250, "typical_volume": 9872740.5, "trend": 700.055636, "fair_value": 1087.412221, "relative_strength": -9.409661, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.895416, "energy": 34.362736, "activity_lines": [ 677.287528, 690.817587, 717.057428, 714.827072 ] }, { "date": "2025-02-07", "close": 741.887024, "volume": 12880005, "typical_volume": 9894810.75, "trend": 702.251495, "fair_value": 1081.289819, "relative_strength": -4.176765, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 11.468882, "energy": 8.105856, "activity_lines": [ 701.277433, 695.408391, 718.006558, 717.525872 ] }, { "date": "2025-02-14", "close": 744.086121, "volume": 21899691, "typical_volume": 10480536.75, "trend": 705.593374, "fair_value": 1075.492133, "relative_strength": -3.499466, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.885735, "energy": 13.500501, "activity_lines": [ 721.615552, 701.55127, 719.131806, 720.22488 ] }, { "date": "2025-02-21", "close": 737.688782, "volume": 6159248, "typical_volume": 9954802.5, "trend": 708.562099, "fair_value": 1069.605405, "relative_strength": -2.823732, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.953594, "energy": 17.736272, "activity_lines": [ 731.811263, 707.781376, 719.85817, 722.295551 ] }, { "date": "2025-02-28", "close": 746.285034, "volume": 13721381, "typical_volume": 10082996.25, "trend": 715.461936, "fair_value": 1064.83373, "relative_strength": -2.63075, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 32.889751, "energy": 26.533398, "activity_lines": [ 740.314307, 716.973845, 721.525079, 724.729289 ] }, { "date": "2025-03-07", "close": 723.2948, "volume": 7304791, "typical_volume": 9645163.95, "trend": 720.975789, "fair_value": 1059.684118, "relative_strength": -3.919106, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 37.683766, "energy": 23.165152, "activity_lines": [ 736.315983, 721.277481, 721.099543, 725.234635 ] }, { "date": "2025-03-14", "close": 637.622375, "volume": 10696014, "typical_volume": 9827913.6, "trend": 720.965507, "fair_value": 1052.739643, "relative_strength": -14.33414, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -54.29139, "energy": 23.064364, "activity_lines": [ 702.640657, 709.157399, 712.532817, 719.856995 ] }, { "date": "2025-03-21", "close": 653.61792, "volume": 10727025, "typical_volume": 9895789.5, "trend": 721.40178, "fair_value": 1046.259561, "relative_strength": -11.875262, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.906989, "energy": 37.872968, "activity_lines": [ 681.248157, 700.645458, 705.858409, 715.51199 ] }, { "date": "2025-03-28", "close": 612.229492, "volume": 12336521, "typical_volume": 10174774.3, "trend": 720.285179, "fair_value": 1039.603829, "relative_strength": -17.021942, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -66.318649, "energy": 61.548045, "activity_lines": [ 652.090727, 684.06869, 695.625448, 708.468616 ] }, { "date": "2025-04-04", "close": 501.060425, "volume": 10368104, "typical_volume": 10407783.5, "trend": 715.682847, "fair_value": 1032.904752, "relative_strength": -26.385713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.418002, "energy": 82.05917, "activity_lines": [ 594.240894, 648.317328, 675.44998, 694.325084 ] }, { "date": "2025-04-11", "close": 536.650513, "volume": 17717921, "typical_volume": 11037484.4, "trend": 709.094859, "fair_value": 1026.408197, "relative_strength": -19.613809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.042507, "energy": 81.229159, "activity_lines": [ 564.60273, 622.176079, 659.804174, 682.774611 ] }, { "date": "2025-04-18", "close": 569.641296, "volume": 9053618, "typical_volume": 10917180.85, "trend": 703.58657, "fair_value": 1020.472168, "relative_strength": -17.177713, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.609914, "energy": 78.565136, "activity_lines": [ 558.404447, 605.12136, 648.337637, 673.777607 ] }, { "date": "2025-04-25", "close": 588.036194, "volume": 11366622, "typical_volume": 11109970.8, "trend": 696.912197, "fair_value": 1014.516357, "relative_strength": -15.40455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.519647, "energy": 73.162489, "activity_lines": [ 562.869869, 594.542909, 639.744991, 666.322744 ] }, { "date": "2025-05-02", "close": 671.612854, "volume": 24851851, "typical_volume": 12127928.25, "trend": 693.856694, "fair_value": 1010.040962, "relative_strength": -5.030984, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.334133, "energy": 35.904063, "activity_lines": [ 599.566292, 601.997485, 640.182602, 664.690528 ] }, { "date": "2025-05-09", "close": 700.005005, "volume": 14853457, "typical_volume": 12155312.25, "trend": 691.63431, "fair_value": 1005.789196, "relative_strength": -0.290977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -19.87054, "energy": 17.058592, "activity_lines": [ 641.767875, 615.815652, 644.005386, 665.087193 ] }, { "date": "2025-05-16", "close": 767.786072, "volume": 12944060, "typical_volume": 12113413.8, "trend": 692.990737, "fair_value": 1001.72535, "relative_strength": 7.660822, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 23.668765, "energy": 30.56022, "activity_lines": [ 693.300175, 642.799103, 654.318255, 670.00021 ] }, { "date": "2025-05-23", "close": 731.396179, "volume": 20810734, "typical_volume": 12643139.2, "trend": 693.534001, "fair_value": 997.2361, "relative_strength": 2.191086, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.271179, "energy": 35.69811, "activity_lines": [ 717.293473, 662.357279, 660.731746, 672.477981 ] }, { "date": "2025-05-30", "close": 750.39093, "volume": 7327158, "typical_volume": 12673312.85, "trend": 694.077356, "fair_value": 992.69569, "relative_strength": 4.097434, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 29.793181, "energy": 44.475125, "activity_lines": [ 736.834696, 683.664067, 668.691016, 676.14617 ] }, { "date": "2025-06-06", "close": 741.193481, "volume": 4869756, "typical_volume": 12258593.3, "trend": 693.860988, "fair_value": 988.426153, "relative_strength": 2.130464, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 26.310168, "energy": 51.280417, "activity_lines": [ 742.486454, 701.539082, 675.172176, 679.18592 ] }, { "date": "2025-06-13", "close": 751.190735, "volume": 3981970, "typical_volume": 12076208.85, "trend": 694.217763, "fair_value": 985.091717, "relative_strength": 3.253105, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 28.243896, "energy": 50.967479, "activity_lines": [ 746.831921, 718.886981, 682.263189, 682.884613 ] }, { "date": "2025-06-20", "close": 846.96405, "volume": 11017451, "typical_volume": 12244368.9, "trend": 697.300511, "fair_value": 981.964528, "relative_strength": 16.984133, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 57.529729, "energy": 67.09796, "activity_lines": [ 779.689445, 749.100385, 698.10654, 692.739212 ] }, { "date": "2025-06-27", "close": 903.148376, "volume": 5529482, "typical_volume": 11876842.75, "trend": 700.56345, "fair_value": 979.732271, "relative_strength": 23.665735, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 88.167495, "energy": 86.828867, "activity_lines": [ 825.996545, 783.887057, 718.631913, 706.019719 ] }, { "date": "2025-07-04", "close": 915.944824, "volume": 14075697, "typical_volume": 11485643.05, "trend": 703.999711, "fair_value": 978.577946, "relative_strength": 24.33007, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.652671, "energy": 93.374782, "activity_lines": [ 865.118982, 814.936591, 739.608084, 719.915292 ] }, { "date": "2025-07-11", "close": 944.336914, "volume": 7196932, "typical_volume": 11537527.25, "trend": 708.3224, "fair_value": 977.461521, "relative_strength": 25.802602, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.811038, "energy": 94.178914, "activity_lines": [ 902.668522, 845.186348, 762.469888, 735.420918 ] }, { "date": "2025-07-18", "close": 946.936218, "volume": 4894217, "typical_volume": 11096169.05, "trend": 716.310221, "fair_value": 975.974283, "relative_strength": 24.680429, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.157576, "energy": 91.863105, "activity_lines": [ 927.541601, 870.950086, 784.595207, 750.815358 ] }, { "date": "2025-07-25", "close": 998.321838, "volume": 12797673, "typical_volume": 11370813.15, "trend": 727.030467, "fair_value": 974.672339, "relative_strength": 28.685015, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.945576, "energy": 94.423061, "activity_lines": [ 956.493522, 901.567006, 810.658912, 769.009656 ] }, { "date": "2025-08-01", "close": 1004.720093, "volume": 10834281, "typical_volume": 11377726.5, "trend": 737.983978, "fair_value": 972.786967, "relative_strength": 28.941526, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.63855, "energy": 92.810755, "activity_lines": [ 977.487675, 929.155686, 836.022322, 786.925115 ] }, { "date": "2025-08-08", "close": 937.73877, "volume": 8905191, "typical_volume": 11286634.8, "trend": 748.444047, "fair_value": 969.748517, "relative_strength": 19.059616, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.862384, "energy": 67.225119, "activity_lines": [ 969.383272, 939.596418, 853.258475, 799.812521 ] }, { "date": "2025-08-15", "close": 886.552979, "volume": 6329463, "typical_volume": 10986281.9, "trend": 755.685229, "fair_value": 966.983459, "relative_strength": 11.527069, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.198803, "energy": 63.798766, "activity_lines": [ 942.76401, 937.324318, 864.266833, 808.722775 ] }, { "date": "2025-08-22", "close": 881.851746, "volume": 11689755, "typical_volume": 11052364.45, "trend": 762.623098, "fair_value": 964.652622, "relative_strength": 8.339961, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.784514, "energy": 50.091754, "activity_lines": [ 918.429932, 931.554548, 873.521153, 816.86255 ] }, { "date": "2025-08-29", "close": 877.852417, "volume": 5918011, "typical_volume": 10462368.95, "trend": 768.334782, "fair_value": 962.584369, "relative_strength": 8.979683, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.753284, "energy": 31.793356, "activity_lines": [ 897.101709, 922.681973, 880.581292, 824.2967 ] }, { "date": "2025-09-05", "close": 864.254761, "volume": 5347360, "typical_volume": 10277056.05, "trend": 772.413706, "fair_value": 960.320068, "relative_strength": 6.679846, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 34.57102, "energy": 32.454787, "activity_lines": [ 879.272229, 910.77549, 884.721646, 830.485086 ] }, { "date": "2025-09-12", "close": 853.656494, "volume": 4584059, "typical_volume": 9937927.9, "trend": 776.066052, "fair_value": 958.023056, "relative_strength": 4.44616, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.302011, "energy": 28.731145, "activity_lines": [ 867.274349, 897.649206, 886.44972, 835.726556 ] }, { "date": "2025-09-19", "close": 865.854431, "volume": 8042829, "typical_volume": 9097476.8, "trend": 780.338241, "fair_value": 956.636876, "relative_strength": 6.595836, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.034775, "energy": 23.238556, "activity_lines": [ 864.947933, 887.873243, 888.074643, 841.519354 ] }, { "date": "2025-09-26", "close": 901.248535, "volume": 5403178, "typical_volume": 8624962.85, "trend": 785.503691, "fair_value": 955.458367, "relative_strength": 10.083406, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.084654, "energy": 20.478712, "activity_lines": [ 875.799455, 885.959527, 892.145473, 849.320019 ] }, { "date": "2025-10-03", "close": 871.25354, "volume": 6841248, "typical_volume": 8319822.25, "trend": 790.435649, "fair_value": 953.805765, "relative_strength": 4.112973, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 20.451545, "energy": 14.226071, "activity_lines": [ 875.359525, 879.42286, 892.401335, 854.852267 ] }, { "date": "2025-10-10", "close": 804.864685, "volume": 6199672, "typical_volume": 7589269.15, "trend": 796.010392, "fair_value": 951.599495, "relative_strength": -3.010497, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.318817, "energy": 12.272324, "activity_lines": [ 853.229903, 863.125826, 885.841746, 855.783173 ] }, { "date": "2025-10-17", "close": 818.462402, "volume": 13066255, "typical_volume": 7876224.0, "trend": 801.505208, "fair_value": 949.329876, "relative_strength": -0.614218, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.287681, "energy": 14.174549, "activity_lines": [ 839.592191, 852.934838, 880.227328, 857.231689 ] }, { "date": "2025-10-24", "close": 824.461365, "volume": 17147370, "typical_volume": 8490104.7, "trend": 808.579604, "fair_value": 946.618341, "relative_strength": -2.880337, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -1.345719, "energy": 19.716447, "activity_lines": [ 830.300407, 846.003231, 874.86009, 858.712732 ] }, { "date": "2025-10-31", "close": 792.266846, "volume": 9328224, "typical_volume": 8757417.4, "trend": 818.286485, "fair_value": 943.473058, "relative_strength": -7.194283, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -30.894406, "energy": 45.044259, "activity_lines": [ 813.036654, 834.347015, 866.030194, 857.660296 ] }, { "date": "2025-11-07", "close": 731.077087, "volume": 28012481, "typical_volume": 9607168.9, "trend": 824.767371, "fair_value": 939.442353, "relative_strength": -13.731852, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -56.454016, "energy": 67.817847, "activity_lines": [ 782.64176, 813.194204, 851.177101, 852.033883 ] }, { "date": "2025-11-14", "close": 700.282288, "volume": 7687907, "typical_volume": 9715090.15, "trend": 829.12207, "fair_value": 935.348749, "relative_strength": -17.143028, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -60.247123, "energy": 77.738793, "activity_lines": [ 751.327031, 789.110981, 833.943012, 844.002587 ] }, { "date": "2025-11-21", "close": 727.677673, "volume": 12776229, "typical_volume": 9650116.75, "trend": 833.776786, "fair_value": 931.004829, "relative_strength": -12.177843, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.854373, "energy": 74.666692, "activity_lines": [ 736.116256, 772.990055, 820.284037, 837.457787 ] }, { "date": "2025-11-28", "close": 776.869385, "volume": 12735958, "typical_volume": 9927068.05, "trend": 837.285337, "fair_value": 927.033885, "relative_strength": -7.632158, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.271811, "energy": 74.854206, "activity_lines": [ 743.355033, 768.1036, 812.206497, 833.786342 ] }, { "date": "2025-12-05", "close": 759.072388, "volume": 11151010, "typical_volume": 10239907.7, "trend": 839.25425, "fair_value": 922.936047, "relative_strength": -8.857507, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.190081, "energy": 57.61532, "activity_lines": [ 747.834277, 761.599238, 803.23147, 828.740345 ] }, { "date": "2025-12-12", "close": 736.476135, "volume": 16008526, "typical_volume": 10400450.35, "trend": 838.210586, "fair_value": 919.180135, "relative_strength": -10.972056, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.229833, "energy": 47.20718, "activity_lines": [ 746.994401, 753.571487, 792.999008, 822.109499 ] }, { "date": "2025-12-19", "close": 755.073059, "volume": 14522443, "typical_volume": 10584858.45, "trend": 838.999815, "fair_value": 915.6267, "relative_strength": -10.790728, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.491491, "energy": 35.020279, "activity_lines": [ 751.993563, 751.375493, 785.784566, 816.745788 ] }, { "date": "2025-12-26", "close": 750.473816, "volume": 3337715, "typical_volume": 10306484.65, "trend": 839.002578, "fair_value": 911.973328, "relative_strength": -10.954022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.270111, "energy": 35.378667, "activity_lines": [ 751.806925, 749.248575, 779.320896, 811.034433 ] }, { "date": "2026-01-02", "close": 771.270386, "volume": 6774204, "typical_volume": 10328721.7, "trend": 840.005141, "fair_value": 907.854407, "relative_strength": -9.129502, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -42.135545, "energy": 31.598562, "activity_lines": [ 757.032735, 752.139008, 775.72959, 806.664614 ] }, { "date": "2026-01-09", "close": 764.071533, "volume": 7057260, "typical_volume": 10097096.95, "trend": 840.434501, "fair_value": 903.465166, "relative_strength": -11.516829, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -39.620725, "energy": 26.76993, "activity_lines": [ 760.232194, 754.687668, 772.001643, 801.765672 ] }, { "date": "2026-01-16", "close": 702.881836, "volume": 11450268, "typical_volume": 10373709.8, "trend": 835.631761, "fair_value": 898.312198, "relative_strength": -19.300872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.726263, "energy": 43.191056, "activity_lines": [ 742.701811, 746.62357, 763.006964, 792.891306 ] }, { "date": "2026-01-23", "close": 671.687073, "volume": 9962210, "typical_volume": 10604452.3, "trend": 827.916384, "fair_value": 892.850381, "relative_strength": -21.954088, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.515316, "energy": 61.332443, "activity_lines": [ 717.012793, 733.400337, 751.874549, 782.31423 ] }, { "date": "2026-01-30", "close": 604.898315, "volume": 9167207, "typical_volume": 10833609.7, "trend": 817.548167, "fair_value": 886.560124, "relative_strength": -29.91122, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.068984, "energy": 86.416049, "activity_lines": [ 674.619922, 708.553608, 735.298289, 767.925967 ] }, { "date": "2026-02-06", "close": 610.697327, "volume": 16716675, "typical_volume": 11267302.0, "trend": 806.426847, "fair_value": 882.071593, "relative_strength": -29.815875, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.202187, "energy": 90.169246, "activity_lines": [ 643.865088, 686.993596, 720.458878, 754.580752 ] }, { "date": "2026-02-13", "close": 566.904724, "volume": 14449811, "typical_volume": 11719633.65, "trend": 793.759131, "fair_value": 876.754722, "relative_strength": -34.864577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.713126, "energy": 94.079334, "activity_lines": [ 609.21759, 660.492603, 702.663777, 739.127712 ] }, { "date": "2026-02-20", "close": 581.302307, "volume": 14195654, "typical_volume": 12087353.95, "trend": 779.85848, "fair_value": 872.112991, "relative_strength": -34.246001, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.690707, "energy": 90.152983, "activity_lines": [ 592.513741, 640.103309, 687.831988, 725.42082 ] }, { "date": "2026-02-27", "close": 574.903381, "volume": 13591542, "typical_volume": 12456947.45, "trend": 765.531256, "fair_value": 866.943467, "relative_strength": -35.825434, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.841537, "energy": 88.710729, "activity_lines": [ 581.782218, 621.371917, 673.771498, 712.19791 ] }, { "date": "2026-03-06", "close": 584.101807, "volume": 12842329, "typical_volume": 12445751.15, "trend": 753.743357, "fair_value": 862.297263, "relative_strength": -30.398735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.374338, "energy": 76.85721, "activity_lines": [ 580.569084, 607.588778, 661.682102, 700.492784 ] }, { "date": "2026-03-13", "close": 547.599976, "volume": 22648844, "typical_volume": 12720824.85, "trend": 742.444924, "fair_value": 858.073029, "relative_strength": -34.280706, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.473124, "energy": 68.393304, "activity_lines": [ 568.575106, 590.193889, 647.232343, 687.193211 ] }, { "date": "2026-03-20", "close": 544.0, "volume": 15351124, "typical_volume": 13021969.85, "trend": 731.183199, "fair_value": 853.992256, "relative_strength": -32.122169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.584398, "energy": 66.443327, "activity_lines": [ 559.587626, 576.211193, 633.758118, 674.390313 ] }, { "date": "2026-03-27", "close": 539.599976, "volume": 18422263, "typical_volume": 12542458.95, "trend": 719.908118, "fair_value": 849.402876, "relative_strength": -32.737622, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.453451, "energy": 62.333658, "activity_lines": [ 550.660454, 565.429793, 621.047066, 662.030105 ] }, { "date": "2026-04-03", "close": 576.599976, "volume": 8140177, "typical_volume": 12565072.45, "trend": 710.319625, "fair_value": 844.861716, "relative_strength": -31.240514, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.944607, "energy": 55.070509, "activity_lines": [ 556.84677, 564.344427, 612.771619, 652.784419 ] }, { "date": "2026-04-10", "close": 534.200012, "volume": 11292257, "typical_volume": 12490873.85, "trend": 699.671075, "fair_value": 839.971897, "relative_strength": -37.027412, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.654237, "energy": 53.589858, "activity_lines": [ 548.786658, 557.278833, 601.047043, 641.421863 ] }, { "date": "2026-04-17", "close": 632.799988, "volume": 20069307, "typical_volume": 12857541.3, "trend": 691.902594, "fair_value": 835.028753, "relative_strength": -25.703607, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.203829, "energy": 33.184549, "activity_lines": [ 576.919991, 569.425931, 599.634264, 637.107599 ] }, { "date": "2026-04-24", "close": 599.599976, "volume": 14594456, "typical_volume": 13029713.6, "trend": 681.847642, "fair_value": 829.622979, "relative_strength": -27.433161, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.390695, "energy": 22.509296, "activity_lines": [ 588.306653, 575.134797, 595.745624, 631.152592 ] }, { "date": "2026-05-01", "close": 567.799988, "volume": 15620116, "typical_volume": 13010293.1, "trend": 671.732524, "fair_value": 823.789171, "relative_strength": -30.790764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.288208, "energy": 22.929077, "activity_lines": [ 585.386654, 574.467387, 589.587805, 623.794678 ] }, { "date": "2026-05-08", "close": 548.0, "volume": 17442028, "typical_volume": 13156272.35, "trend": 663.170367, "fair_value": 817.911709, "relative_strength": -31.882511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.088708, "energy": 23.703917, "activity_lines": [ 573.986658, 570.445477, 582.347494, 615.811935 ] }, { "date": "2026-05-15", "close": 532.400024, "volume": 28220619, "typical_volume": 14400417.55, "trend": 653.634955, "fair_value": 811.876601, "relative_strength": -32.983675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.752206, "energy": 38.4769, "activity_lines": [ 559.293335, 564.076359, 574.607532, 607.375139 ] }, { "date": "2026-05-22", "close": 538.599976, "volume": 14128441, "typical_volume": 14768129.4, "trend": 644.106242, "fair_value": 806.348826, "relative_strength": -33.425116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -58.947705, "energy": 41.663023, "activity_lines": [ 546.786662, 559.774538, 568.496489, 599.953527 ] }, { "date": "2026-05-29", "close": 533.799988, "volume": 57846395, "typical_volume": 17307586.15, "trend": 635.49068, "fair_value": 801.264282, "relative_strength": -33.086802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.83736, "energy": 48.774154, "activity_lines": [ 538.959994, 554.763629, 563.036258, 592.836994 ] }, { "date": "2026-06-05", "close": 555.4, "volume": 1930502, "typical_volume": 16831597.85, "trend": 629.634777, "fair_value": 796.523171, "relative_strength": -29.567066, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.98443, "energy": 41.650761, "activity_lines": [ 542.719995, 553.865449, 560.729703, 587.669854 ] }, { "date": "2026-06-12", "close": 600.0, "volume": 3358634, "typical_volume": 16501419.05, "trend": 626.292034, "fair_value": 792.548361, "relative_strength": -24.134899, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.161215, "energy": 19.19207, "activity_lines": [ 562.173329, 560.789086, 563.373061, 585.757933 ] }, { "date": "2026-06-19", "close": 545.4, "volume": 5831394, "typical_volume": 16334628.4, "trend": 620.216112, "fair_value": 788.165903, "relative_strength": -29.529642, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.586006, "energy": 19.764384, "activity_lines": [ 559.959997, 557.359996, 561.157786, 580.539092 ] }, { "date": "2026-06-26", "close": 577.8, "volume": 1895921, "typical_volume": 15593590.7, "trend": 613.580466, "fair_value": 783.72211, "relative_strength": -25.456558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.568577, "energy": 15.957677, "activity_lines": [ 567.679999, 559.618179, 562.31155, 577.802568 ] }, { "date": "2026-07-03", "close": 528.6, "volume": 2040907, "typical_volume": 14973145.5, "trend": 605.898053, "fair_value": 779.315229, "relative_strength": -31.932118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.764755, "energy": 18.687982, "activity_lines": [ 556.386667, 553.930907, 558.936255, 572.319958 ] }, { "date": "2026-07-10", "close": 550.8, "volume": 14356363, "typical_volume": 14981180.95, "trend": 599.708848, "fair_value": 774.695157, "relative_strength": -26.817178, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.716192, "energy": 24.256701, "activity_lines": [ 552.84, 553.570908, 557.857648, 568.765245 ] }, { "date": "2026-07-17", "close": 558.8, "volume": 16312066, "typical_volume": 15117207.15, "trend": 593.166413, "fair_value": 770.135974, "relative_strength": -25.42438, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.072914, "energy": 22.659531, "activity_lines": [ 552.266667, 554.974544, 557.686195, 566.125964 ] }, { "date": "2026-07-24", "close": 553.4, "volume": 15051930, "typical_volume": 15227687.2, "trend": 586.597286, "fair_value": 764.908045, "relative_strength": -25.91185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.989811, "energy": 25.205207, "activity_lines": [ 552.64, 555.199999, 557.07714, 563.560389 ] }, { "date": "2026-07-31", "close": 541.4, "volume": 17804597, "typical_volume": 14985474.85, "trend": 578.934939, "fair_value": 759.417438, "relative_strength": -27.170557, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.460053, "energy": 24.321497, "activity_lines": [ 548.48, 552.861818, 555.471426, 560.644435 ] }, { "date": "2026-08-07", "close": 545.0, "volume": 30607092, "typical_volume": 15748273.25, "trend": 571.632555, "fair_value": 754.503971, "relative_strength": -25.800446, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.187407, "energy": 23.289069, "activity_lines": [ 547.946667, 551.127273, 554.238093, 558.455084 ] } ], "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." } } }