{ "ticker": { "uuid": "f942d49b-2c8f-4e02-8d39-b11215218946", "symbol": "MMIT", "name": "NYLI MACKAY MUNI INTERMEDIATE ETF", "exchange": "NYSEARCA", "country": "US", "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": "SPY", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 84.486, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -55.886, "architecture_energy": 58.196, "architecture_maturity": 2.336, "architecture_confidence": 75.077, "architecture_tenure": "New", "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": 33.23, "rotation_up": 11.1, "upward_expansion": 13.24, "deceleration": 37.23, "rotation_down": 67.65, "downward_expansion": 81.91 }, "activity_lines": [ 24.005613, 24.093289, 24.125374, 24.138378 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 24.06, "trend_reference": 24.161415, "distance_from_trend": -0.004197, "trend_direction": "Improving", "fair_value": 23.030539, "distance_from_fair_value": 0.0447, "fair_value_direction": "Weakening", "relative_strength": -10.64709, "relative_strength_direction": "Weakening", "price_momentum": -0.008815, "excess_performance": -0.13444, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004197, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.003367, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.0447, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.013688, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.106471, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.012724, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.008815, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.635705, "read": "Demand-led" } ], "volume": { "latest": 1445074, "relative_activity": 0.839406, "balance": 1.635705, "dry_up": 0.790689, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.006572, "annualized_volatility": 0.034975, "from_high_reference": -0.018278, "from_low_reference": 0.040551 }, "levels": { "trend_reference": 24.161415, "fair_value_reference": 23.030539, "structural_low": 23.794704, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.00227, "positive_rate": 0.466667, "directional_follow_through": 0.533333, "median_excess_return": -0.02915, "regime_survival": 0.733333, "best_return": 0.034449, "worst_return": -0.022897, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.024943, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": -0.012287, "regime_survival": 0.2, "best_return": 0.057838, "worst_return": -0.055956, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.054735, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.101811, "regime_survival": 0.0, "best_return": 0.058708, "worst_return": -0.037705, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 3, "median_return": 0.078094, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.209043, "regime_survival": 0.0, "best_return": 0.087802, "worst_return": -0.027689, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-06-07", "end": "2024-07-12", "tenure": "Developing", "return": 0.012723, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-07-19", "end": "2024-10-25", "tenure": "Established", "return": 0.00729, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-01", "end": "2024-11-29", "tenure": "Developing", "return": 0.01306, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-12-06", "end": "2024-12-20", "tenure": "New", "return": -0.019608, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-12-27", "end": "2025-02-28", "tenure": "Developing", "return": 0.019923, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-03-07", "end": "2025-03-21", "tenure": "New", "return": -0.004961, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-28", "end": "2025-04-04", "tenure": "New", "return": 0.009384, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-11", "end": "2025-05-09", "tenure": "Developing", "return": 0.021122, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-16", "end": "2025-08-08", "tenure": "Established", "return": 0.012311, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-15", "end": "2026-03-20", "tenure": "Extended", "return": 0.036776, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-03-27", "end": "2026-06-26", "tenure": "Established", "return": 0.01675, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": -0.006976, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-07-31", "tenure": "New", "return": 0.001419, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 21.679721, "volume": 524804, "typical_volume": 457242.2, "trend": 21.761354, "fair_value": 22.112677, "relative_strength": -6.884925, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -6.071162, "energy": 11.713589, "activity_lines": [ 21.753903, 21.796196, 21.789458, 21.78151 ] }, { "date": "2023-08-25", "close": 21.618842, "volume": 439451, "typical_volume": 469697.4, "trend": 21.753187, "fair_value": 22.108788, "relative_strength": -7.737244, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -33.824283, "energy": 30.087951, "activity_lines": [ 21.693179, 21.76092, 21.771857, 21.772316 ] }, { "date": "2023-09-01", "close": 21.675897, "volume": 822009, "typical_volume": 486209.0, "trend": 21.746141, "fair_value": 22.105504, "relative_strength": -9.572384, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.918168, "energy": 38.85027, "activity_lines": [ 21.674087, 21.739156, 21.761465, 21.767329 ] }, { "date": "2023-09-08", "close": 21.657803, "volume": 499756, "typical_volume": 483187.45, "trend": 21.742923, "fair_value": 22.102004, "relative_strength": -8.362656, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -30.036656, "energy": 44.576157, "activity_lines": [ 21.662977, 21.717261, 21.750683, 21.76163 ] }, { "date": "2023-09-15", "close": 21.61257, "volume": 492524, "typical_volume": 484817.0, "trend": 21.746471, "fair_value": 22.098011, "relative_strength": -8.222488, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.274426, "energy": 48.063502, "activity_lines": [ 21.642611, 21.690468, 21.736123, 21.75322 ] }, { "date": "2023-09-22", "close": 21.50401, "volume": 718638, "typical_volume": 501130.85, "trend": 21.750538, "fair_value": 22.09297, "relative_strength": -5.690501, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -72.167519, "energy": 61.64333, "activity_lines": [ 21.594292, 21.646701, 21.712349, 21.737578 ] }, { "date": "2023-09-29", "close": 21.259749, "volume": 1027210, "typical_volume": 535584.35, "trend": 21.744584, "fair_value": 22.087022, "relative_strength": -5.830097, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -87.210581, "energy": 80.196711, "activity_lines": [ 21.476267, 21.565306, 21.667167, 21.705914 ] }, { "date": "2023-10-06", "close": 21.115768, "volume": 785103, "typical_volume": 558057.65, "trend": 21.729684, "fair_value": 22.08064, "relative_strength": -6.619196, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -91.092801, "energy": 92.901553, "activity_lines": [ 21.334187, 21.470429, 21.611288, 21.665345 ] }, { "date": "2023-10-13", "close": 21.351698, "volume": 1366920, "typical_volume": 603392.55, "trend": 21.717018, "fair_value": 22.075482, "relative_strength": -5.684221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.943685, "energy": 83.482103, "activity_lines": [ 21.308093, 21.432455, 21.580224, 21.640959 ] }, { "date": "2023-10-20", "close": 21.152064, "volume": 2535702, "typical_volume": 707263.95, "trend": 21.695921, "fair_value": 22.069359, "relative_strength": -4.092838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.115321, "energy": 88.475935, "activity_lines": [ 21.235862, 21.365337, 21.531151, 21.60451 ] }, { "date": "2023-10-27", "close": 21.124842, "volume": 1926327, "typical_volume": 770699.3, "trend": 21.671546, "fair_value": 22.062711, "relative_strength": -1.7041, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.369982, "energy": 87.349416, "activity_lines": [ 21.185256, 21.303888, 21.482081, 21.567666 ] }, { "date": "2023-11-03", "close": 21.461214, "volume": 919908, "typical_volume": 782942.2, "trend": 21.653863, "fair_value": 22.057485, "relative_strength": -5.453144, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.40339, "energy": 49.961212, "activity_lines": [ 21.272053, 21.313686, 21.467902, 21.554097 ] }, { "date": "2023-11-10", "close": 21.570432, "volume": 833341, "typical_volume": 810482.05, "trend": 21.64101, "fair_value": 22.052797, "relative_strength": -6.10809, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -41.059713, "energy": 31.246146, "activity_lines": [ 21.381825, 21.346208, 21.465698, 21.548714 ] }, { "date": "2023-11-17", "close": 21.761562, "volume": 1791900, "typical_volume": 879869.65, "trend": 21.640767, "fair_value": 22.048116, "relative_strength": -7.222038, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -7.82848, "energy": 16.614881, "activity_lines": [ 21.524995, 21.415398, 21.483025, 21.556492 ] }, { "date": "2023-11-24", "close": 21.852577, "volume": 591161, "typical_volume": 888648.85, "trend": 21.640885, "fair_value": 22.04391, "relative_strength": -7.57236, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 22.238962, "energy": 33.287665, "activity_lines": [ 21.67118, 21.49925, 21.509398, 21.570157 ] }, { "date": "2023-12-01", "close": 22.1557, "volume": 1146379, "typical_volume": 911802.0, "trend": 21.649632, "fair_value": 22.041426, "relative_strength": -6.887641, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 47.337752, "energy": 50.09982, "activity_lines": [ 21.871705, 21.633852, 21.564221, 21.603371 ] }, { "date": "2023-12-08", "close": 22.210473, "volume": 1029700, "typical_volume": 946590.55, "trend": 21.660205, "fair_value": 22.038914, "relative_strength": -6.631123, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.910001, "energy": 71.670933, "activity_lines": [ 22.021763, 21.766563, 21.622934, 21.639554 ] }, { "date": "2023-12-15", "close": 22.383921, "volume": 1197988, "typical_volume": 982355.85, "trend": 21.686065, "fair_value": 22.03708, "relative_strength": -7.790297, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 85.458833, "energy": 90.138778, "activity_lines": [ 22.179688, 21.913524, 21.696963, 21.686245 ] }, { "date": "2023-12-22", "close": 22.466081, "volume": 1032710, "typical_volume": 1009761.75, "trend": 21.716184, "fair_value": 22.035556, "relative_strength": -7.978517, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.499244, "energy": 92.12396, "activity_lines": [ 22.310766, 22.052367, 21.776447, 21.736569 ] }, { "date": "2023-12-29", "close": 22.489371, "volume": 576572, "typical_volume": 1012905.15, "trend": 21.742588, "fair_value": 22.034284, "relative_strength": -7.884441, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.470076, "energy": 90.719082, "activity_lines": [ 22.402639, 22.175182, 21.854716, 21.786452 ] }, { "date": "2024-01-05", "close": 22.471058, "volume": 438381, "typical_volume": 1008584.0, "trend": 21.767473, "fair_value": 22.032677, "relative_strength": -6.211584, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 71.598397, "energy": 87.612505, "activity_lines": [ 22.445955, 22.270353, 21.927653, 21.83345 ] }, { "date": "2024-01-12", "close": 22.489371, "volume": 1399662, "typical_volume": 1056594.55, "trend": 21.790739, "fair_value": 22.031351, "relative_strength": -7.575886, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.480966, "energy": 85.463608, "activity_lines": [ 22.474352, 22.344377, 21.998566, 21.880024 ] }, { "date": "2024-01-19", "close": 22.342861, "volume": 564389, "typical_volume": 1043713.55, "trend": 21.807179, "fair_value": 22.028841, "relative_strength": -8.939894, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 66.443345, "energy": 67.703811, "activity_lines": [ 22.435319, 22.373069, 22.051381, 21.915645 ] }, { "date": "2024-01-26", "close": 22.324547, "volume": 491057, "typical_volume": 1043278.6, "trend": 21.823307, "fair_value": 22.025496, "relative_strength": -9.639497, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.846845, "energy": 55.629789, "activity_lines": [ 22.392919, 22.384387, 22.099275, 21.949023 ] }, { "date": "2024-02-02", "close": 22.459724, "volume": 411000, "typical_volume": 1039202.4, "trend": 21.846477, "fair_value": 22.02252, "relative_strength": -10.079991, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.790543, "energy": 53.29225, "activity_lines": [ 22.405013, 22.410047, 22.156869, 21.990083 ] }, { "date": "2024-02-09", "close": 22.404608, "volume": 1024404, "typical_volume": 1054490.7, "trend": 21.86406, "fair_value": 22.018973, "relative_strength": -11.207954, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.02002, "energy": 46.116357, "activity_lines": [ 22.400711, 22.414646, 22.205179, 22.026091 ] }, { "date": "2024-02-16", "close": 22.42298, "volume": 935570, "typical_volume": 1049908.7, "trend": 21.879558, "fair_value": 22.016525, "relative_strength": -10.536309, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.085735, "energy": 47.538543, "activity_lines": [ 22.406964, 22.418061, 22.25095, 22.06215 ] }, { "date": "2024-02-23", "close": 22.478096, "volume": 350817, "typical_volume": 1028194.4, "trend": 21.899291, "fair_value": 22.016011, "relative_strength": -11.432525, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.902909, "energy": 54.617236, "activity_lines": [ 22.436015, 22.427632, 22.296431, 22.100766 ] }, { "date": "2024-03-01", "close": 22.527773, "volume": 523654, "typical_volume": 986031.1, "trend": 21.92538, "fair_value": 22.015496, "relative_strength": -11.765168, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.943982, "energy": 58.099821, "activity_lines": [ 22.472609, 22.444524, 22.340157, 22.141313 ] }, { "date": "2024-03-08", "close": 22.51856, "volume": 610417, "typical_volume": 889766.85, "trend": 21.951462, "fair_value": 22.01465, "relative_strength": -11.169847, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.406584, "energy": 57.310562, "activity_lines": [ 22.492583, 22.458619, 22.377404, 22.179582 ] }, { "date": "2024-03-15", "close": 22.481704, "volume": 499237, "typical_volume": 818412.35, "trend": 21.978195, "fair_value": 22.01384, "relative_strength": -10.834859, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.474877, "energy": 56.192135, "activity_lines": [ 22.49635, 22.465482, 22.404634, 22.213792 ] }, { "date": "2024-03-22", "close": 22.536987, "volume": 506318, "typical_volume": 797732.85, "trend": 22.0088, "fair_value": 22.012963, "relative_strength": -12.136383, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.570517, "energy": 58.011156, "activity_lines": [ 22.513405, 22.482202, 22.430668, 22.249843 ] }, { "date": "2024-03-29", "close": 22.472491, "volume": 296069, "typical_volume": 770869.25, "trend": 22.035353, "fair_value": 22.011399, "relative_strength": -12.315541, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.118052, "energy": 49.696108, "activity_lines": [ 22.501361, 22.486331, 22.445437, 22.279758 ] }, { "date": "2024-04-05", "close": 22.309529, "volume": 466622, "typical_volume": 704605.35, "trend": 22.057077, "fair_value": 22.008405, "relative_strength": -11.774274, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 42.5486, "energy": 31.163715, "activity_lines": [ 22.435369, 22.458473, 22.44039, 22.297447 ] }, { "date": "2024-04-12", "close": 22.314151, "volume": 487338, "typical_volume": 699414.2, "trend": 22.080463, "fair_value": 22.004708, "relative_strength": -10.080517, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.420093, "energy": 16.435196, "activity_lines": [ 22.385468, 22.431729, 22.433174, 22.314032 ] }, { "date": "2024-04-19", "close": 22.295663, "volume": 389650, "typical_volume": 661577.75, "trend": 22.106852, "fair_value": 22.000805, "relative_strength": -6.99319, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.037353, "energy": 17.729832, "activity_lines": [ 22.343032, 22.40427, 22.421999, 22.327916 ] }, { "date": "2024-04-26", "close": 22.254067, "volume": 437092, "typical_volume": 631947.35, "trend": 22.139996, "fair_value": 21.996772, "relative_strength": -9.216431, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.657135, "energy": 22.221221, "activity_lines": [ 22.299133, 22.371228, 22.406196, 22.337414 ] }, { "date": "2024-05-03", "close": 22.366702, "volume": 432437, "typical_volume": 593669.8, "trend": 22.181694, "fair_value": 21.993159, "relative_strength": -8.931458, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.131814, "energy": 18.297893, "activity_lines": [ 22.31164, 22.361738, 22.400912, 22.35204 ] }, { "date": "2024-05-10", "close": 22.417704, "volume": 535675, "typical_volume": 568818.05, "trend": 22.217227, "fair_value": 21.990215, "relative_strength": -10.003783, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.754065, "energy": 13.084517, "activity_lines": [ 22.3482, 22.363545, 22.400568, 22.367267 ] }, { "date": "2024-05-17", "close": 22.417704, "volume": 495066, "typical_volume": 564742.75, "trend": 22.259415, "fair_value": 21.987052, "relative_strength": -11.108887, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.526011, "energy": 13.860878, "activity_lines": [ 22.377549, 22.367354, 22.400455, 22.380201 ] }, { "date": "2024-05-24", "close": 22.274898, "volume": 429703, "typical_volume": 564308.85, "trend": 22.29775, "fair_value": 21.982785, "relative_strength": -11.314995, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.564328, "energy": 9.265289, "activity_lines": [ 22.352393, 22.347032, 22.387082, 22.3812 ] }, { "date": "2024-05-31", "close": 22.255425, "volume": 442158, "typical_volume": 516433.65, "trend": 22.324224, "fair_value": 21.978031, "relative_strength": -10.710219, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.898112, "energy": 15.293077, "activity_lines": [ 22.322129, 22.326929, 22.372788, 22.378469 ] }, { "date": "2024-06-07", "close": 22.394364, "volume": 508513, "typical_volume": 513639.85, "trend": 22.351688, "fair_value": 21.973948, "relative_strength": -10.931704, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.945333, "energy": 6.542802, "activity_lines": [ 22.338088, 22.337207, 22.372841, 22.382994 ] }, { "date": "2024-06-14", "close": 22.561833, "volume": 323326, "typical_volume": 505253.3, "trend": 22.378364, "fair_value": 21.971159, "relative_strength": -11.405955, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 42.164556, "energy": 18.763024, "activity_lines": [ 22.408026, 22.379355, 22.388598, 22.396552 ] }, { "date": "2024-06-21", "close": 22.533922, "volume": 351921, "typical_volume": 502299.35, "trend": 22.401076, "fair_value": 21.968527, "relative_strength": -11.728645, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 31.837762, "energy": 28.869739, "activity_lines": [ 22.459052, 22.411841, 22.400567, 22.406588 ] }, { "date": "2024-06-28", "close": 22.496706, "volume": 423957, "typical_volume": 472277.0, "trend": 22.412442, "fair_value": 21.965453, "relative_strength": -11.514378, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 25.687649, "energy": 33.634426, "activity_lines": [ 22.489925, 22.433564, 22.408639, 22.412757 ] }, { "date": "2024-07-05", "close": 22.576633, "volume": 416166, "typical_volume": 446306.8, "trend": 22.424648, "fair_value": 21.962371, "relative_strength": -12.521812, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 37.587657, "energy": 50.70411, "activity_lines": [ 22.532652, 22.466164, 22.423883, 22.42335 ] }, { "date": "2024-07-12", "close": 22.679296, "volume": 774783, "typical_volume": 467505.1, "trend": 22.434494, "fair_value": 21.959754, "relative_strength": -12.643002, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 76.647905, "energy": 72.158314, "activity_lines": [ 22.588187, 22.511565, 22.448174, 22.439779 ] }, { "date": "2024-07-19", "close": 22.66063, "volume": 345996, "typical_volume": 458622.2, "trend": 22.440979, "fair_value": 21.956856, "relative_strength": -10.670797, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.627039, "energy": 70.926071, "activity_lines": [ 22.618504, 22.547889, 22.469729, 22.454369 ] }, { "date": "2024-07-26", "close": 22.693296, "volume": 396975, "typical_volume": 447950.1, "trend": 22.447776, "fair_value": 21.954274, "relative_strength": -9.534963, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.87991, "energy": 71.990167, "activity_lines": [ 22.653124, 22.585735, 22.493762, 22.470647 ] }, { "date": "2024-08-02", "close": 22.911682, "volume": 503853, "typical_volume": 448180.9, "trend": 22.462464, "fair_value": 21.953201, "relative_strength": -6.438235, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.988254, "energy": 85.659856, "activity_lines": [ 22.749914, 22.658278, 22.537761, 22.500577 ] }, { "date": "2024-08-09", "close": 22.799324, "volume": 432710, "typical_volume": 444500.5, "trend": 22.472795, "fair_value": 21.95152, "relative_strength": -6.651683, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.345577, "energy": 76.575617, "activity_lines": [ 22.781586, 22.698813, 22.569013, 22.52231 ] }, { "date": "2024-08-16", "close": 22.81805, "volume": 332228, "typical_volume": 446308.45, "trend": 22.488635, "fair_value": 21.949926, "relative_strength": -9.820136, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.842133, "energy": 75.357185, "activity_lines": [ 22.804654, 22.732864, 22.600798, 22.544584 ] }, { "date": "2024-08-23", "close": 22.949135, "volume": 587778, "typical_volume": 452366.25, "trend": 22.509455, "fair_value": 21.949205, "relative_strength": -10.223299, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.459141, "energy": 83.95842, "activity_lines": [ 22.862167, 22.783046, 22.643423, 22.574294 ] }, { "date": "2024-08-30", "close": 22.874229, "volume": 675383, "typical_volume": 461768.5, "trend": 22.523271, "fair_value": 21.94814, "relative_strength": -10.454253, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.847664, "energy": 61.378163, "activity_lines": [ 22.875478, 22.812566, 22.675867, 22.597828 ] }, { "date": "2024-09-06", "close": 22.994898, "volume": 533414, "typical_volume": 468956.7, "trend": 22.542948, "fair_value": 21.947761, "relative_strength": -5.82761, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.878143, "energy": 71.286684, "activity_lines": [ 22.916949, 22.857839, 22.717137, 22.628255 ] }, { "date": "2024-09-13", "close": 23.055955, "volume": 367548, "typical_volume": 465479.5, "trend": 22.564047, "fair_value": 21.947776, "relative_strength": -8.895789, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.716105, "energy": 84.953587, "activity_lines": [ 22.973225, 22.905155, 22.760893, 22.661352 ] }, { "date": "2024-09-20", "close": 23.051258, "volume": 416021, "typical_volume": 464658.7, "trend": 22.583152, "fair_value": 21.948111, "relative_strength": -9.803633, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.07612, "energy": 78.754223, "activity_lines": [ 23.010826, 22.942902, 22.800382, 22.692785 ] }, { "date": "2024-09-27", "close": 23.126405, "volume": 571828, "typical_volume": 466466.35, "trend": 22.603107, "fair_value": 21.949627, "relative_strength": -9.63544, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.665027, "energy": 85.04718, "activity_lines": [ 23.05793, 22.987549, 22.843769, 22.727834 ] }, { "date": "2024-10-04", "close": 23.066102, "volume": 389312, "typical_volume": 461178.65, "trend": 22.621358, "fair_value": 21.950866, "relative_strength": -9.737684, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.008083, "energy": 74.709345, "activity_lines": [ 23.073114, 23.012763, 22.878037, 22.757705 ] }, { "date": "2024-10-11", "close": 22.971878, "volume": 562323, "typical_volume": 467809.65, "trend": 22.637697, "fair_value": 21.951501, "relative_strength": -10.725183, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.958593, "energy": 55.759042, "activity_lines": [ 23.044099, 23.014067, 22.900244, 22.780319 ] }, { "date": "2024-10-18", "close": 23.004857, "volume": 372028, "typical_volume": 464303.15, "trend": 22.653293, "fair_value": 21.952623, "relative_strength": -10.917591, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.340604, "energy": 48.486866, "activity_lines": [ 23.027611, 23.020274, 22.922273, 22.804007 ] }, { "date": "2024-10-25", "close": 22.825831, "volume": 480452, "typical_volume": 462900.1, "trend": 22.665071, "fair_value": 21.952377, "relative_strength": -10.266907, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.914369, "energy": 27.422394, "activity_lines": [ 22.954855, 22.990193, 22.923684, 22.815138 ] }, { "date": "2024-11-01", "close": 22.801408, "volume": 397218, "typical_volume": 466594.7, "trend": 22.681467, "fair_value": 21.9514, "relative_strength": -8.703046, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.913871, "energy": 23.392806, "activity_lines": [ 22.888986, 22.955529, 22.920714, 22.823934 ] }, { "date": "2024-11-08", "close": 22.943207, "volume": 531362, "typical_volume": 475566.75, "trend": 22.702435, "fair_value": 21.951249, "relative_strength": -11.868189, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.762389, "energy": 21.631695, "activity_lines": [ 22.89205, 22.949334, 22.930107, 22.84082 ] }, { "date": "2024-11-15", "close": 22.924301, "volume": 517203, "typical_volume": 480229.05, "trend": 22.72339, "fair_value": 21.95106, "relative_strength": -9.679813, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 24.872644, "energy": 20.341442, "activity_lines": [ 22.897005, 22.938447, 22.935751, 22.855134 ] }, { "date": "2024-11-22", "close": 22.999927, "volume": 504530, "typical_volume": 484647.25, "trend": 22.748252, "fair_value": 21.951174, "relative_strength": -10.468695, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.390186, "energy": 14.885036, "activity_lines": [ 22.93034, 22.942594, 22.946561, 22.872975 ] }, { "date": "2024-11-29", "close": 23.099187, "volume": 360146, "typical_volume": 463915.4, "trend": 22.772668, "fair_value": 21.951551, "relative_strength": -10.711842, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.681082, "energy": 38.382595, "activity_lines": [ 22.997091, 22.965806, 22.964809, 22.895616 ] }, { "date": "2024-12-06", "close": 23.215574, "volume": 663756, "typical_volume": 479803.4, "trend": 22.799264, "fair_value": 21.952673, "relative_strength": -10.609272, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.126143, "energy": 63.289417, "activity_lines": [ 23.084414, 23.009309, 22.992142, 22.924191 ] }, { "date": "2024-12-13", "close": 23.025904, "volume": 899261, "typical_volume": 504917.7, "trend": 22.819537, "fair_value": 21.952469, "relative_strength": -10.406674, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 55.372616, "energy": 54.945345, "activity_lines": [ 23.080902, 23.016705, 22.998769, 22.938813 ] }, { "date": "2024-12-20", "close": 22.760366, "volume": 1197543, "typical_volume": 539602.2, "trend": 22.835719, "fair_value": 21.950572, "relative_strength": -9.393912, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 16.049749, "energy": 15.171358, "activity_lines": [ 22.983365, 22.976552, 22.978522, 22.934995 ] }, { "date": "2024-12-27", "close": 22.774592, "volume": 1155984, "typical_volume": 575765.9, "trend": 22.853025, "fair_value": 21.948873, "relative_strength": -9.53052, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -0.103025, "energy": 6.531601, "activity_lines": [ 22.901498, 22.942831, 22.960351, 22.931052 ] }, { "date": "2025-01-03", "close": 22.874853, "volume": 1508009, "typical_volume": 634554.95, "trend": 22.869041, "fair_value": 21.948427, "relative_strength": -8.245641, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -9.696255, "energy": 19.284163, "activity_lines": [ 22.868074, 22.931526, 22.951846, 22.93246 ] }, { "date": "2025-01-10", "close": 22.722798, "volume": 888344, "typical_volume": 649583.25, "trend": 22.874407, "fair_value": 21.947837, "relative_strength": -6.68807, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -25.572328, "energy": 30.207779, "activity_lines": [ 22.798921, 22.891683, 22.92859, 22.923025 ] }, { "date": "2025-01-17", "close": 22.855846, "volume": 718225, "typical_volume": 651725.35, "trend": 22.885138, "fair_value": 21.948709, "relative_strength": -8.462554, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -24.905561, "energy": 36.271756, "activity_lines": [ 22.806969, 22.877461, 22.919082, 22.921827 ] }, { "date": "2025-01-24", "close": 22.884357, "volume": 1184487, "typical_volume": 684279.0, "trend": 22.898059, "fair_value": 21.951259, "relative_strength": -9.550454, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -22.105919, "energy": 23.708869, "activity_lines": [ 22.835857, 22.87001, 22.912377, 22.921777 ] }, { "date": "2025-01-31", "close": 22.969888, "volume": 2374805, "typical_volume": 784641.85, "trend": 22.911168, "fair_value": 21.953987, "relative_strength": -7.950817, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -0.954246, "energy": 5.533634, "activity_lines": [ 22.88499, 22.878837, 22.914344, 22.926411 ] }, { "date": "2025-02-07", "close": 23.056761, "volume": 949704, "typical_volume": 811326.0, "trend": 22.92375, "fair_value": 21.958575, "relative_strength": -7.144205, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 17.340909, "energy": 15.139237, "activity_lines": [ 22.950061, 22.904005, 22.924995, 22.935804 ] }, { "date": "2025-02-14", "close": 23.009104, "volume": 1041503, "typical_volume": 834809.75, "trend": 22.935366, "fair_value": 21.962941, "relative_strength": -8.363891, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 11.823966, "energy": 16.875115, "activity_lines": [ 22.987119, 22.92128, 22.931081, 22.941311 ] }, { "date": "2025-02-21", "close": 23.099653, "volume": 800096, "typical_volume": 855348.95, "trend": 22.948911, "fair_value": 21.96822, "relative_strength": -6.229674, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 32.809921, "energy": 29.525851, "activity_lines": [ 23.035273, 22.958772, 22.946349, 22.95191 ] }, { "date": "2025-02-28", "close": 23.228329, "volume": 556258, "typical_volume": 855045.7, "trend": 22.959466, "fair_value": 21.973957, "relative_strength": -4.552014, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 71.895583, "energy": 63.111, "activity_lines": [ 23.110065, 23.018318, 22.973713, 22.969937 ] }, { "date": "2025-03-07", "close": 23.120755, "volume": 858910, "typical_volume": 879389.8, "trend": 22.97018, "fair_value": 21.980691, "relative_strength": -1.777789, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.04349, "energy": 57.486245, "activity_lines": [ 23.126068, 23.049798, 22.98961, 22.980343 ] }, { "date": "2025-03-14", "close": 22.967828, "volume": 564991, "typical_volume": 883616.75, "trend": 22.975173, "fair_value": 21.986869, "relative_strength": 0.020122, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 50.673053, "energy": 40.754439, "activity_lines": [ 23.081037, 23.047179, 22.99039, 22.980191 ] }, { "date": "2025-03-21", "close": 23.006059, "volume": 580410, "typical_volume": 892776.35, "trend": 22.97707, "fair_value": 21.994792, "relative_strength": -0.180356, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 48.133743, "energy": 27.775456, "activity_lines": [ 23.054679, 23.04982, 22.994136, 22.982184 ] }, { "date": "2025-03-28", "close": 22.900922, "volume": 1460516, "typical_volume": 939234.05, "trend": 22.97796, "fair_value": 22.002121, "relative_strength": 0.960253, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -8.139419, "energy": 8.473628, "activity_lines": [ 22.993478, 23.028195, 22.986893, 22.977271 ] }, { "date": "2025-04-04", "close": 23.115835, "volume": 1025916, "typical_volume": 964669.7, "trend": 22.981991, "fair_value": 22.012107, "relative_strength": 11.954214, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 36.929871, "energy": 19.144156, "activity_lines": [ 23.017163, 23.044826, 23.000321, 22.986166 ] }, { "date": "2025-04-11", "close": 22.396761, "volume": 2872725, "typical_volume": 1083079.45, "trend": 22.960018, "fair_value": 22.018262, "relative_strength": 2.759917, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.873063, "energy": 45.222221, "activity_lines": [ 22.808657, 22.926507, 22.944352, 22.948409 ] }, { "date": "2025-04-18", "close": 22.665216, "volume": 1882707, "typical_volume": 1159207.5, "trend": 22.94715, "fair_value": 22.027196, "relative_strength": 5.605671, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.345199, "energy": 55.529984, "activity_lines": [ 22.737902, 22.867419, 22.916824, 22.92939 ] }, { "date": "2025-04-25", "close": 22.741917, "volume": 1194249, "typical_volume": 1185732.15, "trend": 22.934334, "fair_value": 22.036899, "relative_strength": 1.445772, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.501035, "energy": 54.974844, "activity_lines": [ 22.712888, 22.829396, 22.898666, 22.916149 ] }, { "date": "2025-05-02", "close": 22.821749, "volume": 1041176, "typical_volume": 1192827.9, "trend": 22.926189, "fair_value": 22.047908, "relative_strength": -0.904787, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -53.663456, "energy": 52.426917, "activity_lines": [ 22.732095, 22.810745, 22.890367, 22.908886 ] }, { "date": "2025-05-09", "close": 22.869835, "volume": 760207, "typical_volume": 1170961.1, "trend": 22.922787, "fair_value": 22.060117, "relative_strength": -0.125384, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.891164, "energy": 27.22671, "activity_lines": [ 22.772608, 22.80589, 22.88762, 22.90525 ] }, { "date": "2025-05-16", "close": 22.898687, "volume": 1635843, "typical_volume": 1194954.05, "trend": 22.919248, "fair_value": 22.071954, "relative_strength": -4.828811, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -34.097596, "energy": 15.01623, "activity_lines": [ 22.839138, 22.812799, 22.8871, 22.903695 ] }, { "date": "2025-05-23", "close": 22.860218, "volume": 728562, "typical_volume": 1155981.7, "trend": 22.920395, "fair_value": 22.081148, "relative_strength": -2.367746, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.339997, "energy": 15.839848, "activity_lines": [ 22.859384, 22.816751, 22.882324, 22.899887 ] }, { "date": "2025-05-30", "close": 22.879453, "volume": 698509, "typical_volume": 1146489.95, "trend": 22.922996, "fair_value": 22.090153, "relative_strength": -3.810676, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.750094, "energy": 15.523073, "activity_lines": [ 22.873041, 22.826157, 22.879451, 22.897245 ] }, { "date": "2025-06-06", "close": 22.817912, "volume": 1388385, "typical_volume": 1179997.95, "trend": 22.91882, "fair_value": 22.100215, "relative_strength": -5.432954, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -30.655021, "energy": 14.793248, "activity_lines": [ 22.857016, 22.826676, 22.86997, 22.890466 ] }, { "date": "2025-06-13", "close": 22.93369, "volume": 796222, "typical_volume": 1160584.7, "trend": 22.919133, "fair_value": 22.112804, "relative_strength": -4.444505, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -23.633433, "energy": 11.067463, "activity_lines": [ 22.879839, 22.849754, 22.871697, 22.891425 ] }, { "date": "2025-06-20", "close": 22.93369, "volume": 737772, "typical_volume": 1078733.05, "trend": 22.916925, "fair_value": 22.125085, "relative_strength": -4.13957, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -11.925827, "energy": 7.411409, "activity_lines": [ 22.898405, 22.876145, 22.873188, 22.892364 ] }, { "date": "2025-06-27", "close": 22.972282, "volume": 7938183, "typical_volume": 1428157.0, "trend": 22.912694, "fair_value": 22.136345, "relative_strength": -7.000178, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.827922, "energy": 9.391962, "activity_lines": [ 22.927501, 22.899789, 22.878528, 22.895936 ] }, { "date": "2025-07-04", "close": 23.023128, "volume": 405312, "typical_volume": 1396347.45, "trend": 22.90628, "fair_value": 22.147428, "relative_strength": -8.15572, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 17.744921, "energy": 21.619197, "activity_lines": [ 22.966075, 22.927096, 22.889112, 22.90306 ] }, { "date": "2025-07-11", "close": 22.955413, "volume": 1127795, "typical_volume": 1412732.4, "trend": 22.90393, "fair_value": 22.157183, "relative_strength": -7.98821, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 23.805502, "energy": 35.72886, "activity_lines": [ 22.9725, 22.936977, 22.89318, 22.90623 ] }, { "date": "2025-07-18", "close": 22.921556, "volume": 1294726, "typical_volume": 1449655.8, "trend": 22.909303, "fair_value": 22.166162, "relative_strength": -8.471958, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.927669, "energy": 30.12058, "activity_lines": [ 22.958471, 22.938273, 22.894711, 22.907367 ] }, { "date": "2025-07-25", "close": 22.926392, "volume": 1302660, "typical_volume": 1471843.3, "trend": 22.914363, "fair_value": 22.174417, "relative_strength": -9.549736, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 12.059047, "energy": 20.811765, "activity_lines": [ 22.946864, 22.939507, 22.898163, 22.90847 ] }, { "date": "2025-08-01", "close": 23.112667, "volume": 1197275, "typical_volume": 1503457.5, "trend": 22.92229, "fair_value": 22.184092, "relative_strength": -6.271281, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 34.281902, "energy": 35.10682, "activity_lines": [ 22.997835, 22.974106, 22.920281, 22.921264 ] }, { "date": "2025-08-08", "close": 23.180588, "volume": 1263269, "typical_volume": 1537600.45, "trend": 22.93755, "fair_value": 22.194034, "relative_strength": -7.967545, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 76.905402, "energy": 65.458124, "activity_lines": [ 23.062087, 23.016464, 22.948178, 22.937928 ] }, { "date": "2025-08-15", "close": 23.141776, "volume": 1106219, "typical_volume": 1519885.6, "trend": 22.947081, "fair_value": 22.205128, "relative_strength": -8.762049, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.582078, "energy": 72.904774, "activity_lines": [ 23.102905, 23.04629, 22.971547, 22.951104 ] }, { "date": "2025-08-22", "close": 23.170885, "volume": 2325492, "typical_volume": 1584864.4, "trend": 22.956632, "fair_value": 22.217192, "relative_strength": -8.670258, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.923053, "energy": 80.432695, "activity_lines": [ 23.141001, 23.075521, 22.996542, 22.965543 ] }, { "date": "2025-08-29", "close": 23.209697, "volume": 1404207, "typical_volume": 1511438.5, "trend": 22.964625, "fair_value": 22.230336, "relative_strength": -8.251386, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 73.191911, "energy": 82.106294, "activity_lines": [ 23.175413, 23.107495, 23.024972, 22.98187 ] }, { "date": "2025-09-05", "close": 23.429003, "volume": 658235, "typical_volume": 1450214.9, "trend": 22.977033, "fair_value": 22.245411, "relative_strength": -7.385147, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.695419, "energy": 91.632741, "activity_lines": [ 23.26404, 23.174325, 23.070416, 23.01183 ] }, { "date": "2025-09-12", "close": 23.609077, "volume": 1151458, "typical_volume": 1448075.35, "trend": 22.997032, "fair_value": 22.262377, "relative_strength": -7.862212, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 95.054541, "energy": 96.635188, "activity_lines": [ 23.391602, 23.265592, 23.129373, 23.052607 ] }, { "date": "2025-09-19", "close": 23.584742, "volume": 2153716, "typical_volume": 1503702.35, "trend": 23.013202, "fair_value": 22.28087, "relative_strength": -8.832661, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 85.810479, "energy": 94.083341, "activity_lines": [ 23.482487, 23.34178, 23.181883, 23.090523 ] }, { "date": "2025-09-26", "close": 23.594476, "volume": 1265561, "typical_volume": 1528970.05, "trend": 23.025407, "fair_value": 22.300885, "relative_strength": -8.295822, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.782578, "energy": 91.545171, "activity_lines": [ 23.547085, 23.408296, 23.231687, 23.128025 ] }, { "date": "2025-10-03", "close": 23.633545, "volume": 1552804, "typical_volume": 1524818.1, "trend": 23.0425, "fair_value": 22.319838, "relative_strength": -8.913745, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 75.852944, "energy": 90.325989, "activity_lines": [ 23.596467, 23.46968, 23.281761, 23.16726 ] }, { "date": "2025-10-10", "close": 23.71164, "volume": 821158, "typical_volume": 1529447.9, "trend": 23.067294, "fair_value": 22.33918, "relative_strength": -6.169976, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.384333, "energy": 87.608404, "activity_lines": [ 23.643625, 23.532407, 23.335774, 23.21043 ] }, { "date": "2025-10-17", "close": 23.799497, "volume": 813141, "typical_volume": 1535179.5, "trend": 23.093742, "fair_value": 22.360632, "relative_strength": -7.249329, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.32175, "energy": 80.61712, "activity_lines": [ 23.701225, 23.600217, 23.394099, 23.257669 ] }, { "date": "2025-10-24", "close": 23.843426, "volume": 800962, "typical_volume": 1505808.35, "trend": 23.125158, "fair_value": 22.383067, "relative_strength": -8.62915, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.15343, "energy": 75.54566, "activity_lines": [ 23.760774, 23.664761, 23.452227, 23.306036 ] }, { "date": "2025-10-31", "close": 23.858069, "volume": 745411, "typical_volume": 1503267.8, "trend": 23.1499, "fair_value": 22.404982, "relative_strength": -8.970931, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.690817, "energy": 77.461911, "activity_lines": [ 23.807958, 23.71921, 23.506866, 23.35332 ] }, { "date": "2025-11-07", "close": 23.842529, "volume": 1070069, "typical_volume": 1519882.65, "trend": 23.198092, "fair_value": 22.424485, "relative_strength": -7.3744, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.893928, "energy": 68.301913, "activity_lines": [ 23.832389, 23.758339, 23.555623, 23.398006 ] }, { "date": "2025-11-14", "close": 23.822946, "volume": 1446917, "typical_volume": 1195319.35, "trend": 23.236683, "fair_value": 22.442453, "relative_strength": -7.389768, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.242565, "energy": 65.914029, "activity_lines": [ 23.83636, 23.782402, 23.598188, 23.438319 ] }, { "date": "2025-11-21", "close": 23.857216, "volume": 1026404, "typical_volume": 1226373.95, "trend": 23.273859, "fair_value": 22.459827, "relative_strength": -5.303721, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.623218, "energy": 64.982067, "activity_lines": [ 23.844334, 23.805533, 23.639965, 23.478353 ] }, { "date": "2025-11-28", "close": 23.881695, "volume": 554892, "typical_volume": 1197728.8, "trend": 23.309191, "fair_value": 22.475732, "relative_strength": -8.407973, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.007138, "energy": 64.118851, "activity_lines": [ 23.85662, 23.828603, 23.680102, 23.517569 ] }, { "date": "2025-12-05", "close": 23.858327, "volume": 1445839, "typical_volume": 1205284.45, "trend": 23.342141, "fair_value": 22.491036, "relative_strength": -8.626595, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.279539, "energy": 61.786323, "activity_lines": [ 23.858566, 23.842026, 23.713603, 23.552997 ] }, { "date": "2025-12-12", "close": 23.882878, "volume": 1094865, "typical_volume": 1194894.7, "trend": 23.374947, "fair_value": 22.506385, "relative_strength": -7.840579, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.688231, "energy": 63.631219, "activity_lines": [ 23.868677, 23.855115, 23.744981, 23.587883 ] }, { "date": "2025-12-19", "close": 23.927069, "volume": 1753827, "typical_volume": 1222722.3, "trend": 23.410509, "fair_value": 22.522666, "relative_strength": -7.604489, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.661528, "energy": 65.573287, "activity_lines": [ 23.89083, 23.871705, 23.776013, 23.623504 ] }, { "date": "2025-12-26", "close": 23.9418, "volume": 1226760, "typical_volume": 1220896.85, "trend": 23.44592, "fair_value": 22.539387, "relative_strength": -8.662828, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.59676, "energy": 65.190345, "activity_lines": [ 23.910951, 23.887057, 23.804569, 23.657781 ] }, { "date": "2026-01-02", "close": 23.972413, "volume": 1223156, "typical_volume": 1226743.7, "trend": 23.484404, "fair_value": 22.554858, "relative_strength": -7.40238, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.647019, "energy": 66.854797, "activity_lines": [ 23.935637, 23.905387, 23.832417, 23.691748 ] }, { "date": "2026-01-09", "close": 24.093076, "volume": 1681508, "typical_volume": 1194544.5, "trend": 23.52305, "fair_value": 22.569999, "relative_strength": -8.169945, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.706144, "energy": 76.081522, "activity_lines": [ 23.994497, 23.943311, 23.867801, 23.731017 ] }, { "date": "2026-01-16", "close": 24.112776, "volume": 1245655, "typical_volume": 1186616.9, "trend": 23.562353, "fair_value": 22.584585, "relative_strength": -7.594438, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.789156, "energy": 81.806507, "activity_lines": [ 24.044273, 23.980544, 23.900669, 23.769064 ] }, { "date": "2026-01-23", "close": 24.112776, "volume": 1320652, "typical_volume": 1219737.75, "trend": 23.600369, "fair_value": 22.599001, "relative_strength": -7.122063, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.402777, "energy": 85.754169, "activity_lines": [ 24.078723, 24.012863, 23.929237, 23.804575 ] }, { "date": "2026-01-30", "close": 24.175175, "volume": 1535666, "typical_volume": 1238948.15, "trend": 23.638771, "fair_value": 22.613667, "relative_strength": -7.075969, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.594767, "energy": 90.715864, "activity_lines": [ 24.121591, 24.051258, 23.960492, 23.841659 ] }, { "date": "2026-02-06", "close": 24.273971, "volume": 2739020, "typical_volume": 1268213.35, "trend": 23.682723, "fair_value": 22.629819, "relative_strength": -6.337533, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.537032, "energy": 93.131671, "activity_lines": [ 24.181834, 24.101835, 23.998461, 23.88264 ] }, { "date": "2026-02-13", "close": 24.362886, "volume": 1343174, "typical_volume": 1272094.0, "trend": 23.730767, "fair_value": 22.648131, "relative_strength": -4.651936, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.287949, "energy": 95.588094, "activity_lines": [ 24.251611, 24.161446, 24.041615, 23.926522 ] }, { "date": "2026-02-20", "close": 24.402404, "volume": 1261500, "typical_volume": 1257528.8, "trend": 23.779968, "fair_value": 22.667493, "relative_strength": -5.388365, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.203615, "energy": 95.408925, "activity_lines": [ 24.316574, 24.219068, 24.084874, 23.969853 ] }, { "date": "2026-02-27", "close": 24.488139, "volume": 1462153, "typical_volume": 1289578.55, "trend": 23.825817, "fair_value": 22.687043, "relative_strength": -4.390468, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.430058, "energy": 95.801254, "activity_lines": [ 24.390806, 24.282833, 24.132637, 24.015541 ] }, { "date": "2026-03-06", "close": 24.280108, "volume": 1089562, "typical_volume": 1303399.6, "trend": 23.862467, "fair_value": 22.704461, "relative_strength": -3.0589, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.134839, "energy": 67.944884, "activity_lines": [ 24.37067, 24.298572, 24.15689, 24.044851 ] }, { "date": "2026-03-13", "close": 24.17114, "volume": 737425, "typical_volume": 1300222.75, "trend": 23.896779, "fair_value": 22.720099, "relative_strength": -1.780775, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.856667, "energy": 62.253208, "activity_lines": [ 24.307216, 24.288348, 24.168476, 24.064765 ] }, { "date": "2026-03-20", "close": 23.992829, "volume": 1341852, "typical_volume": 1330044.8, "trend": 23.924177, "fair_value": 22.734252, "relative_strength": -0.49888, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.846715, "energy": 26.209033, "activity_lines": [ 24.191181, 24.242091, 24.16152, 24.070962 ] }, { "date": "2026-03-27", "close": 23.864048, "volume": 1389108, "typical_volume": 1345996.75, "trend": 23.945989, "fair_value": 22.747123, "relative_strength": 1.439633, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -3.914773, "energy": 25.796281, "activity_lines": [ 24.056889, 24.174241, 24.141657, 24.067082 ] }, { "date": "2026-04-03", "close": 24.046452, "volume": 4136898, "typical_volume": 1480495.8, "trend": 23.966571, "fair_value": 22.760295, "relative_strength": -0.678705, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.54934, "energy": 31.228776, "activity_lines": [ 24.019288, 24.144078, 24.139063, 24.073564 ] }, { "date": "2026-04-10", "close": 24.145817, "volume": 1398470, "typical_volume": 1499099.1, "trend": 23.984462, "fair_value": 22.774332, "relative_strength": -3.389936, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.445671, "energy": 25.020139, "activity_lines": [ 24.044256, 24.133188, 24.144869, 24.085128 ] }, { "date": "2026-04-17", "close": 24.215373, "volume": 1469856, "typical_volume": 1544847.3, "trend": 24.005483, "fair_value": 22.790015, "relative_strength": -6.837173, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 22.164567, "energy": 19.593007, "activity_lines": [ 24.101361, 24.135477, 24.155925, 24.100026 ] }, { "date": "2026-04-24", "close": 24.22531, "volume": 1168370, "typical_volume": 1530973.85, "trend": 24.026511, "fair_value": 22.805247, "relative_strength": -6.91143, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.843669, "energy": 24.483873, "activity_lines": [ 24.15883, 24.140639, 24.166338, 24.114208 ] }, { "date": "2026-05-01", "close": 24.10762, "volume": 1044372, "typical_volume": 1528449.2, "trend": 24.042313, "fair_value": 22.819442, "relative_strength": -7.872546, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.15355, "energy": 22.466931, "activity_lines": [ 24.16157, 24.126904, 24.163795, 24.119441 ] }, { "date": "2026-05-08", "close": 24.167243, "volume": 1364804, "typical_volume": 1508998.05, "trend": 24.0575, "fair_value": 22.834018, "relative_strength": -9.374648, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 33.94189, "energy": 22.569655, "activity_lines": [ 24.167946, 24.12937, 24.16586, 24.127501 ] }, { "date": "2026-05-15", "close": 23.998311, "volume": 1524455, "typical_volume": 1523882.8, "trend": 24.064127, "fair_value": 22.84934, "relative_strength": -9.884664, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.846371, "energy": 6.161745, "activity_lines": [ 24.109959, 24.106955, 24.150692, 24.123682 ] }, { "date": "2026-05-22", "close": 23.988374, "volume": 1208780, "typical_volume": 1523164.0, "trend": 24.068959, "fair_value": 22.864891, "relative_strength": -10.332372, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -19.910883, "energy": 22.711289, "activity_lines": [ 24.058493, 24.087856, 24.13431, 24.118795 ] }, { "date": "2026-05-29", "close": 24.199241, "volume": 8316056, "typical_volume": 1854891.4, "trend": 24.080331, "fair_value": 22.880929, "relative_strength": -10.491327, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 19.560306, "energy": 13.376556, "activity_lines": [ 24.092449, 24.110421, 24.137933, 24.1272 ] }, { "date": "2026-06-05", "close": 24.239124, "volume": 1045852, "typical_volume": 1844901.25, "trend": 24.093551, "fair_value": 22.897048, "relative_strength": -7.761917, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.231188, "energy": 14.792422, "activity_lines": [ 24.141438, 24.136483, 24.14485, 24.137445 ] }, { "date": "2026-06-12", "close": 24.239124, "volume": 1008775, "typical_volume": 1829307.4, "trend": 24.107424, "fair_value": 22.912739, "relative_strength": -7.977384, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.7201, "energy": 26.024187, "activity_lines": [ 24.18166, 24.155726, 24.151165, 24.146837 ] }, { "date": "2026-06-19", "close": 24.288978, "volume": 842053, "typical_volume": 1794626.75, "trend": 24.121816, "fair_value": 22.928375, "relative_strength": -8.315761, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 59.54752, "energy": 42.058276, "activity_lines": [ 24.233708, 24.180531, 24.161626, 24.15855 ] }, { "date": "2026-06-26", "close": 24.263769, "volume": 1071227, "typical_volume": 1711237.1, "trend": 24.134552, "fair_value": 22.943908, "relative_strength": -5.952059, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 56.443738, "energy": 53.901798, "activity_lines": [ 24.257975, 24.198149, 24.169145, 24.167708 ] }, { "date": "2026-07-03", "close": 24.29484, "volume": 640940, "typical_volume": 1676125.4, "trend": 24.149102, "fair_value": 22.960127, "relative_strength": -7.596921, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.459133, "energy": 60.0699, "activity_lines": [ 24.274239, 24.220536, 24.179671, 24.178049 ] }, { "date": "2026-07-10", "close": 24.195149, "volume": 1356023, "typical_volume": 1680851.55, "trend": 24.159511, "fair_value": 22.974986, "relative_strength": -8.959439, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.658961, "energy": 45.979988, "activity_lines": [ 24.250899, 24.223534, 24.181027, 24.18102 ] }, { "date": "2026-07-17", "close": 24.125365, "volume": 1618187, "typical_volume": 1688653.25, "trend": 24.166121, "fair_value": 22.98888, "relative_strength": -7.57229, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 18.36907, "energy": 10.936799, "activity_lines": [ 24.20723, 24.212252, 24.176724, 24.178817 ] }, { "date": "2026-07-24", "close": 23.886105, "volume": 1359645, "typical_volume": 1702157.4, "trend": 24.164265, "fair_value": 23.0017, "relative_strength": -7.743956, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.628699, "energy": 35.47386, "activity_lines": [ 24.091392, 24.15823, 24.151361, 24.160751 ] }, { "date": "2026-07-31", "close": 23.92, "volume": 1021911, "typical_volume": 1716381.7, "trend": 24.162517, "fair_value": 23.015642, "relative_strength": -8.334757, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -68.119642, "energy": 57.083524, "activity_lines": [ 24.01371, 24.11241, 24.131103, 24.144992 ] }, { "date": "2026-08-07", "close": 24.06, "volume": 1445074, "typical_volume": 1721542.8, "trend": 24.161415, "fair_value": 23.030539, "relative_strength": -10.64709, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.886189, "energy": 58.195982, "activity_lines": [ 24.005613, 24.093289, 24.125374, 24.138378 ] } ], "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." } } }