{ "ticker": { "uuid": "fa2afc76-2cd6-4b56-9ef4-cd8c32f92a93", "symbol": "XLCP", "name": "Invesco Communications S&P US Select Sector UCITS ETF USD Acc", "exchange": "LSE", "country": "GB", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^FTSE", "stage": 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.687, "architecture_energy": 50.151, "architecture_maturity": 25.346, "architecture_confidence": 86.107, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 22.47, "rotation_up": 15.79, "upward_expansion": 7.08, "deceleration": 57.56, "rotation_down": 63.09, "downward_expansion": 80.41 }, "activity_lines": [ 7002.966667, 7043.063636, 7198.564286, 7268.603226 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 7108.5, "trend_reference": 7327.1, "distance_from_trend": -0.029834, "trend_direction": "Weakening", "fair_value": 6363.421474, "distance_from_fair_value": 0.117088, "fair_value_direction": "Weakening", "relative_strength": -12.006845, "relative_strength_direction": "Weakening", "price_momentum": -0.01999, "excess_performance": -0.071226, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.029834, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.015243, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.117088, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.113545, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.120068, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.079553, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.01999, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.370266, "read": "Supply-led" } ], "volume": { "latest": 4654, "relative_activity": 1.694089, "balance": 0.370266, "dry_up": 1.828225, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.028798, "annualized_volatility": 0.149043, "from_high_reference": -0.285255, "from_low_reference": 0.049612 }, "levels": { "trend_reference": 7327.1, "fair_value_reference": 6363.421474, "structural_low": 6772.5, "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": 17, "median_return": -0.008736, "positive_rate": 0.411765, "directional_follow_through": 0.588235, "median_excess_return": -0.028376, "regime_survival": 0.823529, "best_return": 0.082579, "worst_return": -0.079341, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.037544, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.039806, "regime_survival": 0.666667, "best_return": 0.116691, "worst_return": -0.09402, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.07596, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.128516, "regime_survival": 0.75, "best_return": 0.182538, "worst_return": -0.171265, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.05703, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.051043, "regime_survival": 0.5, "best_return": 0.350212, "worst_return": -0.236152, "sufficient": false } ], "ledger": [ { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-08-02", "end": "2024-10-04", "tenure": "Developing", "return": 0.063316, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-10-11", "end": "2025-03-07", "tenure": "Established", "return": 0.110314, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-14", "end": "2025-04-04", "tenure": "New", "return": -0.066914, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-04-11", "end": "2025-05-02", "tenure": "New", "return": 0.076721, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-09", "end": "2025-05-16", "tenure": "New", "return": 0.042232, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-05-23", "end": "2025-06-06", "tenure": "New", "return": 0.037811, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-06-13", "end": "2025-07-25", "tenure": "Developing", "return": 0.040905, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-11-14", "tenure": "Established", "return": 0.02543, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-21", "end": "2026-01-23", "tenure": "Developing", "return": -0.024088, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-01-30", "end": "2026-04-10", "tenure": "Developing", "return": 0.008511, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-17", "end": "2026-05-01", "tenure": "New", "return": -0.009002, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-05-08", "end": "2026-05-29", "tenure": "New", "return": -0.001527, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-06-05", "end": "2026-06-26", "tenure": "New", "return": -0.033384, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-03", "end": "2026-08-07", "tenure": "Developing", "return": 0.006585, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 4219.75, "volume": 2838, "typical_volume": 4069.3, "trend": 4064.741667, "fair_value": 4270.451923, "relative_strength": 13.289328, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.832819, "energy": 54.735234, "activity_lines": [ 4318.633333, 4303.113636, 4240.985714, 4163.104839 ] }, { "date": "2023-08-25", "close": 4275.25, "volume": 233, "typical_volume": 3868.4, "trend": 4081.583333, "fair_value": 4271.266026, "relative_strength": 13.363253, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.335056, "energy": 41.122394, "activity_lines": [ 4301.966667, 4301.363636, 4251.194048, 4176.686022 ] }, { "date": "2023-09-01", "close": 4423.5, "volume": 2412, "typical_volume": 3860.05, "trend": 4091.025, "fair_value": 4273.6875, "relative_strength": 15.107323, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.237017, "energy": 46.305182, "activity_lines": [ 4332.516667, 4325.986364, 4274.047619, 4198.745161 ] }, { "date": "2023-09-08", "close": 4459.75, "volume": 2129, "typical_volume": 3643.6, "trend": 4110.2, "fair_value": 4275.8125, "relative_strength": 15.588704, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.504934, "energy": 50.778867, "activity_lines": [ 4375.0, 4352.922727, 4298.428571, 4222.533871 ] }, { "date": "2023-09-15", "close": 4511.0, "volume": 836, "typical_volume": 3571.4, "trend": 4131.633333, "fair_value": 4279.059295, "relative_strength": 13.110688, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.460299, "energy": 65.240138, "activity_lines": [ 4428.983333, 4385.9, 4325.071429, 4248.391935 ] }, { "date": "2023-09-22", "close": 4470.25, "volume": 2161, "typical_volume": 3552.3, "trend": 4155.466667, "fair_value": 4282.008013, "relative_strength": 12.291092, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.683228, "energy": 77.20587, "activity_lines": [ 4459.783333, 4406.818182, 4345.402381, 4270.238172 ] }, { "date": "2023-09-29", "close": 4465.5, "volume": 290, "typical_volume": 3120.55, "trend": 4176.55, "fair_value": 4284.753205, "relative_strength": 13.049064, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.117896, "energy": 75.856744, "activity_lines": [ 4472.3, 4422.981818, 4362.461905, 4290.240323 ] }, { "date": "2023-10-06", "close": 4437.25, "volume": 3677, "typical_volume": 3115.5, "trend": 4200.85, "fair_value": 4287.092949, "relative_strength": 13.728458, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.293727, "energy": 57.957196, "activity_lines": [ 4462.716667, 4429.95, 4374.733333, 4307.059677 ] }, { "date": "2023-10-13", "close": 4525.5, "volume": 1650, "typical_volume": 2984.45, "trend": 4224.658333, "fair_value": 4289.629808, "relative_strength": 14.067462, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.218457, "energy": 52.757587, "activity_lines": [ 4481.633333, 4452.672727, 4394.010714, 4328.004839 ] }, { "date": "2023-10-20", "close": 4532.25, "volume": 6248, "typical_volume": 2834.9, "trend": 4246.441667, "fair_value": 4292.395833, "relative_strength": 16.888254, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.200345, "energy": 51.582529, "activity_lines": [ 4498.416667, 4473.904545, 4412.210714, 4347.849462 ] }, { "date": "2023-10-27", "close": 4364.0, "volume": 10161, "typical_volume": 3232.3, "trend": 4260.85, "fair_value": 4294.684295, "relative_strength": 13.825655, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 44.923993, "energy": 32.713731, "activity_lines": [ 4457.7, 4461.540909, 4412.85, 4355.433871 ] }, { "date": "2023-11-03", "close": 4556.25, "volume": 4839, "typical_volume": 3167.8, "trend": 4280.533333, "fair_value": 4297.027244, "relative_strength": 16.152549, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.039104, "energy": 43.55469, "activity_lines": [ 4488.15, 4481.509091, 4431.002381, 4374.491935 ] }, { "date": "2023-11-10", "close": 4642.25, "volume": 2695, "typical_volume": 3024.6, "trend": 4301.3, "fair_value": 4299.709936, "relative_strength": 18.58057, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.069625, "energy": 50.441821, "activity_lines": [ 4541.216667, 4512.004545, 4455.854762, 4397.828495 ] }, { "date": "2023-11-17", "close": 4703.25, "volume": 6756, "typical_volume": 3291.15, "trend": 4327.75, "fair_value": 4302.866987, "relative_strength": 17.165054, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.234605, "energy": 62.810894, "activity_lines": [ 4600.95, 4549.613636, 4484.354762, 4423.760753 ] }, { "date": "2023-11-24", "close": 4714.75, "volume": 4737, "typical_volume": 3528.0, "trend": 4351.558333, "fair_value": 4305.520833, "relative_strength": 16.999638, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 78.514641, "energy": 84.347374, "activity_lines": [ 4652.666667, 4584.886364, 4511.932143, 4448.728495 ] }, { "date": "2023-12-01", "close": 4601.5, "volume": 11850, "typical_volume": 3961.3, "trend": 4375.666667, "fair_value": 4307.277244, "relative_strength": 12.96694, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.58569, "energy": 78.951324, "activity_lines": [ 4654.466667, 4595.863636, 4526.535714, 4464.853763 ] }, { "date": "2023-12-08", "close": 4688.0, "volume": 14277, "typical_volume": 4638.95, "trend": 4397.766667, "fair_value": 4308.94391, "relative_strength": 14.026705, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.07652, "energy": 74.781788, "activity_lines": [ 4669.266667, 4620.181818, 4547.733333, 4485.004301 ] }, { "date": "2023-12-15", "close": 4685.25, "volume": 5078, "typical_volume": 4613.05, "trend": 4415.825, "fair_value": 4311.198718, "relative_strength": 12.963677, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.727227, "energy": 53.717196, "activity_lines": [ 4674.366667, 4639.954545, 4566.546429, 4503.551613 ] }, { "date": "2023-12-22", "close": 4771.5, "volume": 11132, "typical_volume": 4977.65, "trend": 4436.066667, "fair_value": 4314.426282, "relative_strength": 12.536417, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.289277, "energy": 55.485765, "activity_lines": [ 4705.35, 4670.9, 4592.316667, 4526.498387 ] }, { "date": "2023-12-29", "close": 4789.5, "volume": 470, "typical_volume": 4723.45, "trend": 4455.4, "fair_value": 4317.608974, "relative_strength": 11.765194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.378966, "energy": 58.542506, "activity_lines": [ 4737.783333, 4700.645455, 4617.917857, 4549.300538 ] }, { "date": "2024-01-05", "close": 4758.0, "volume": 3823, "typical_volume": 4772.7, "trend": 4474.108333, "fair_value": 4320.540064, "relative_strength": 11.033539, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.940234, "energy": 55.551873, "activity_lines": [ 4754.733333, 4719.986364, 4638.507143, 4568.823118 ] }, { "date": "2024-01-12", "close": 4859.75, "volume": 7798, "typical_volume": 5150.95, "trend": 4494.658333, "fair_value": 4324.88141, "relative_strength": 13.670099, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.986537, "energy": 76.221825, "activity_lines": [ 4795.166667, 4750.663636, 4666.22381, 4593.703226 ] }, { "date": "2024-01-19", "close": 4913.75, "volume": 4053, "typical_volume": 5233.0, "trend": 4518.841667, "fair_value": 4328.326923, "relative_strength": 16.656894, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.13597, "energy": 84.390743, "activity_lines": [ 4842.15, 4785.640909, 4696.3, 4620.741398 ] }, { "date": "2024-01-26", "close": 5195.5, "volume": 65890, "typical_volume": 8421.05, "trend": 4549.375, "fair_value": 4334.522436, "relative_strength": 19.752384, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.201589, "energy": 97.442057, "activity_lines": [ 4967.816667, 4866.909091, 4750.875, 4664.396774 ] }, { "date": "2024-02-02", "close": 5342.0, "volume": 23830, "typical_volume": 9570.75, "trend": 4585.6, "fair_value": 4340.25641, "relative_strength": 22.708865, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 97.784727, "energy": 98.921938, "activity_lines": [ 5114.05, 4965.863636, 4815.89881, 4715.533871 ] }, { "date": "2024-02-09", "close": 5321.0, "volume": 3729, "typical_volume": 9649.15, "trend": 4621.091667, "fair_value": 4345.600962, "relative_strength": 22.057188, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.361371, "energy": 96.160303, "activity_lines": [ 5216.45, 5049.595455, 4874.965476, 4762.979032 ] }, { "date": "2024-02-16", "close": 5368.0, "volume": 5339, "typical_volume": 9901.6, "trend": 4658.616667, "fair_value": 4351.578526, "relative_strength": 20.060587, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.967023, "energy": 94.315229, "activity_lines": [ 5296.983333, 5128.790909, 4934.457143, 4811.166667 ] }, { "date": "2024-02-23", "close": 5357.0, "volume": 6646, "typical_volume": 10050.05, "trend": 4689.808333, "fair_value": 4357.616987, "relative_strength": 19.035768, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.596007, "energy": 90.588301, "activity_lines": [ 5339.966667, 5193.622727, 4988.603571, 4856.223656 ] }, { "date": "2024-03-01", "close": 5408.0, "volume": 6654, "typical_volume": 10300.25, "trend": 4724.208333, "fair_value": 4363.99359, "relative_strength": 19.667937, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.598634, "energy": 86.819463, "activity_lines": [ 5370.4, 5255.513636, 5043.227381, 4902.558602 ] }, { "date": "2024-03-08", "close": 5333.5, "volume": 13202, "typical_volume": 10647.95, "trend": 4756.425, "fair_value": 4369.121795, "relative_strength": 17.534114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.186667, "energy": 67.930822, "activity_lines": [ 5361.833333, 5292.286364, 5086.553571, 4941.867742 ] }, { "date": "2024-03-15", "close": 5346.0, "volume": 10493, "typical_volume": 10664.55, "trend": 4793.966667, "fair_value": 4373.99359, "relative_strength": 16.128114, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.248261, "energy": 66.048287, "activity_lines": [ 5358.0, 5321.440909, 5127.254762, 4979.904839 ] }, { "date": "2024-03-22", "close": 5572.0, "volume": 6062, "typical_volume": 10725.7, "trend": 4837.191667, "fair_value": 4380.705128, "relative_strength": 17.254897, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.845855, "energy": 73.506934, "activity_lines": [ 5427.833333, 5380.995455, 5184.803571, 5030.100538 ] }, { "date": "2024-03-29", "close": 5572.0, "volume": 134, "typical_volume": 10597.65, "trend": 4875.475, "fair_value": 4386.911859, "relative_strength": 16.243006, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.1669, "energy": 71.175865, "activity_lines": [ 5484.066667, 5427.6, 5237.515476, 5077.507527 ] }, { "date": "2024-04-05", "close": 5648.0, "volume": 434, "typical_volume": 10281.55, "trend": 4915.083333, "fair_value": 4392.673077, "relative_strength": 17.68792, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.301116, "energy": 72.292876, "activity_lines": [ 5551.3, 5476.054545, 5293.038095, 5127.347849 ] }, { "date": "2024-04-12", "close": 5657.5, "volume": 5892, "typical_volume": 10339.3, "trend": 4953.3, "fair_value": 4398.6875, "relative_strength": 15.917591, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 75.722754, "energy": 71.537792, "activity_lines": [ 5605.7, 5518.009091, 5344.966667, 5175.245699 ] }, { "date": "2024-04-19", "close": 5481.0, "volume": 25348, "typical_volume": 11014.2, "trend": 4986.991667, "fair_value": 4403.875, "relative_strength": 13.006735, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.723747, "energy": 65.183116, "activity_lines": [ 5579.666667, 5522.136364, 5375.596429, 5209.29086 ] }, { "date": "2024-04-26", "close": 5485.0, "volume": 26870, "typical_volume": 11643.85, "trend": 5020.975, "fair_value": 4408.211538, "relative_strength": 9.134929, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.969492, "energy": 60.208819, "activity_lines": [ 5545.966667, 5524.081818, 5402.419048, 5241.42043 ] }, { "date": "2024-05-03", "close": 5457.0, "volume": 6603, "typical_volume": 11720.1, "trend": 5054.966667, "fair_value": 4412.479167, "relative_strength": 7.050729, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.239177, "energy": 46.816268, "activity_lines": [ 5508.733333, 5518.809091, 5422.779762, 5269.551075 ] }, { "date": "2024-05-10", "close": 5565.0, "volume": 4838, "typical_volume": 11405.4, "trend": 5089.616667, "fair_value": 4418.439103, "relative_strength": 5.855939, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 52.745854, "energy": 40.708933, "activity_lines": [ 5515.166667, 5531.354545, 5449.75119, 5302.456452 ] }, { "date": "2024-05-17", "close": 5543.0, "volume": 2564, "typical_volume": 11510.1, "trend": 5123.308333, "fair_value": 4424.501603, "relative_strength": 5.203655, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.18793, "energy": 39.382166, "activity_lines": [ 5519.8, 5537.045455, 5470.84881, 5331.706989 ] }, { "date": "2024-05-24", "close": 5559.0, "volume": 2417, "typical_volume": 11439.8, "trend": 5163.141667, "fair_value": 4429.889423, "relative_strength": 6.409877, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.821757, "energy": 41.156464, "activity_lines": [ 5537.4, 5541.836364, 5489.882143, 5359.816129 ] }, { "date": "2024-05-31", "close": 5512.0, "volume": 1522, "typical_volume": 11126.0, "trend": 5195.0, "fair_value": 4435.035256, "relative_strength": 5.683496, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.131179, "energy": 39.193803, "activity_lines": [ 5534.133333, 5534.209091, 5500.625, 5382.323118 ] }, { "date": "2024-06-07", "close": 5686.0, "volume": 8778, "typical_volume": 11362.25, "trend": 5229.791667, "fair_value": 4441.091346, "relative_strength": 8.96862, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.700299, "energy": 52.90433, "activity_lines": [ 5587.066667, 5559.309091, 5524.833333, 5414.000538 ] }, { "date": "2024-06-14", "close": 5669.0, "volume": 6642, "typical_volume": 8399.85, "trend": 5261.983333, "fair_value": 4446.703526, "relative_strength": 9.488433, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.61924, "energy": 53.023516, "activity_lines": [ 5619.066667, 5579.245455, 5543.745238, 5442.336559 ] }, { "date": "2024-06-21", "close": 5738.0, "volume": 1275, "typical_volume": 7272.1, "trend": 5296.091667, "fair_value": 4452.237179, "relative_strength": 9.152769, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.779567, "energy": 72.826415, "activity_lines": [ 5667.133333, 5611.345455, 5566.97381, 5473.047312 ] }, { "date": "2024-06-28", "close": 5865.0, "volume": 6214, "typical_volume": 7396.35, "trend": 5338.208333, "fair_value": 4457.884615, "relative_strength": 12.067293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.789319, "energy": 87.148447, "activity_lines": [ 5744.533333, 5665.072727, 5600.411905, 5509.751075 ] }, { "date": "2024-07-05", "close": 5839.0, "volume": 12325, "typical_volume": 7745.65, "trend": 5376.575, "fair_value": 4463.49359, "relative_strength": 10.613224, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.233691, "energy": 84.440904, "activity_lines": [ 5792.866667, 5707.090909, 5628.783333, 5542.060215 ] }, { "date": "2024-07-12", "close": 5665.5, "volume": 4495, "typical_volume": 7638.1, "trend": 5409.25, "fair_value": 4467.93109, "relative_strength": 6.326982, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.678778, "energy": 63.305855, "activity_lines": [ 5761.566667, 5711.127273, 5638.388095, 5560.700538 ] }, { "date": "2024-07-19", "close": 5610.0, "volume": 21183, "typical_volume": 8364.55, "trend": 5437.2, "fair_value": 4471.421474, "relative_strength": 6.115664, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.927234, "energy": 46.934717, "activity_lines": [ 5713.133333, 5701.281818, 5641.238095, 5573.652151 ] }, { "date": "2024-07-26", "close": 5468.0, "volume": 2211, "typical_volume": 7815.0, "trend": 5459.816667, "fair_value": 4474.419872, "relative_strength": 1.549854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.452145, "energy": 14.216201, "activity_lines": [ 5621.3, 5664.8, 5629.602381, 5575.639247 ] }, { "date": "2024-08-02", "close": 5551.5, "volume": 2624, "typical_volume": 7421.55, "trend": 5486.266667, "fair_value": 4477.785256, "relative_strength": 4.190341, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.650179, "energy": 24.656461, "activity_lines": [ 5575.3, 5644.863636, 5625.278571, 5581.554301 ] }, { "date": "2024-08-09", "close": 5565.0, "volume": 16364, "typical_volume": 7936.65, "trend": 5509.775, "fair_value": 4480.945513, "relative_strength": 4.217801, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 17.28591, "energy": 24.688237, "activity_lines": [ 5554.7, 5627.518182, 5621.261905, 5586.633871 ] }, { "date": "2024-08-16", "close": 5648.5, "volume": 2217, "typical_volume": 8040.8, "trend": 5534.266667, "fair_value": 4484.391026, "relative_strength": 3.657154, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 14.652592, "energy": 18.295083, "activity_lines": [ 5580.2, 5624.390909, 5625.230952, 5595.583871 ] }, { "date": "2024-08-23", "close": 5589.0, "volume": 4211, "typical_volume": 8229.65, "trend": 5547.383333, "fair_value": 4487.163462, "relative_strength": 2.09808, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 13.349243, "energy": 10.639416, "activity_lines": [ 5587.0, 5611.127273, 5623.169048, 5599.115054 ] }, { "date": "2024-08-30", "close": 5580.5, "volume": 41, "typical_volume": 7937.1, "trend": 5555.333333, "fair_value": 4489.586538, "relative_strength": 1.131168, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 10.958347, "energy": 6.365838, "activity_lines": [ 5592.366667, 5597.772727, 5620.578571, 5601.251613 ] }, { "date": "2024-09-06", "close": 5453.5, "volume": 5752, "typical_volume": 6957.3, "trend": 5559.75, "fair_value": 4491.275641, "relative_strength": 0.979443, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -24.678648, "energy": 16.318726, "activity_lines": [ 5547.9, 5564.190909, 5606.259524, 5594.68172 ] }, { "date": "2024-09-13", "close": 5644.5, "volume": 237, "typical_volume": 5625.65, "trend": 5568.966667, "fair_value": 4494.567308, "relative_strength": 3.066745, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.056457, "energy": 15.122423, "activity_lines": [ 5573.633333, 5572.818182, 5610.261905, 5600.149462 ] }, { "date": "2024-09-20", "close": 5706.5, "volume": 3696, "typical_volume": 5480.3, "trend": 5580.616667, "fair_value": 4498.730769, "relative_strength": 4.406003, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.930685, "energy": 16.659305, "activity_lines": [ 5614.733333, 5596.254545, 5619.409524, 5609.022581 ] }, { "date": "2024-09-27", "close": 5757.5, "volume": 6493, "typical_volume": 5563.05, "trend": 5592.266667, "fair_value": 4503.11859, "relative_strength": 3.873769, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 48.07044, "energy": 32.453399, "activity_lines": [ 5668.966667, 5628.218182, 5632.22619, 5620.434409 ] }, { "date": "2024-10-04", "close": 5903.0, "volume": 2463, "typical_volume": 5558.0, "trend": 5611.25, "fair_value": 4508.442308, "relative_strength": 6.643884, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 74.21438, "energy": 64.209441, "activity_lines": [ 5760.466667, 5683.954545, 5657.983333, 5640.48172 ] }, { "date": "2024-10-11", "close": 5924.0, "volume": 5063, "typical_volume": 5690.3, "trend": 5630.516667, "fair_value": 4514.644231, "relative_strength": 6.995775, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 76.480656, "energy": 78.630131, "activity_lines": [ 5837.466667, 5735.6, 5684.02619, 5660.65914 ] }, { "date": "2024-10-18", "close": 6042.5, "volume": 4935, "typical_volume": 5860.95, "trend": 5646.2, "fair_value": 4521.705128, "relative_strength": 7.42952, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.582898, "energy": 87.509515, "activity_lines": [ 5922.6, 5802.018182, 5719.616667, 5687.23871 ] }, { "date": "2024-10-25", "close": 6053.0, "volume": 11319, "typical_volume": 5988.0, "trend": 5662.233333, "fair_value": 4528.483974, "relative_strength": 8.624824, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.63729, "energy": 90.071239, "activity_lines": [ 5984.7, 5861.663636, 5753.680952, 5713.483871 ] }, { "date": "2024-11-01", "close": 6141.5, "volume": 7375, "typical_volume": 6024.65, "trend": 5678.683333, "fair_value": 4534.657051, "relative_strength": 10.746717, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.302812, "energy": 93.253808, "activity_lines": [ 6053.2, 5930.045455, 5794.42619, 5744.404301 ] }, { "date": "2024-11-08", "close": 6318.0, "volume": 8113, "typical_volume": 6366.55, "trend": 5700.7, "fair_value": 4542.365385, "relative_strength": 14.913319, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 93.688969, "energy": 97.2377, "activity_lines": [ 6154.933333, 6020.472727, 5849.730952, 5785.650538 ] }, { "date": "2024-11-15", "close": 6478.5, "volume": 16586, "typical_volume": 6885.15, "trend": 5733.95, "fair_value": 4551.467949, "relative_strength": 17.37557, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.036641, "energy": 97.853556, "activity_lines": [ 6282.5, 6126.672727, 5917.559524, 5835.831183 ] }, { "date": "2024-11-22", "close": 6656.5, "volume": 11242, "typical_volume": 6831.0, "trend": 5773.0, "fair_value": 4562.440705, "relative_strength": 17.123771, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 95.973412, "energy": 98.395796, "activity_lines": [ 6432.433333, 6246.6, 5999.419048, 5895.350538 ] }, { "date": "2024-11-29", "close": 6659.0, "volume": 5172, "typical_volume": 6864.85, "trend": 5813.066667, "fair_value": 4574.355769, "relative_strength": 16.186583, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.898572, "energy": 95.653196, "activity_lines": [ 6542.266667, 6348.581818, 6077.62381, 5952.511828 ] }, { "date": "2024-12-06", "close": 6810.0, "volume": 1808, "typical_volume": 5896.1, "trend": 5854.566667, "fair_value": 4586.689103, "relative_strength": 17.864167, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 91.159352, "energy": 96.811276, "activity_lines": [ 6662.033333, 6460.7, 6165.478571, 6016.830108 ] }, { "date": "2024-12-13", "close": 6876.0, "volume": 7506, "typical_volume": 6160.85, "trend": 5899.0, "fair_value": 4599.349359, "relative_strength": 18.437642, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 87.60206, "energy": 95.477962, "activity_lines": [ 6759.233333, 6565.681818, 6253.904762, 6082.729032 ] }, { "date": "2024-12-20", "close": 6740.0, "volume": 5622, "typical_volume": 6310.75, "trend": 5938.366667, "fair_value": 4610.876603, "relative_strength": 18.495946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.513341, "energy": 77.708805, "activity_lines": [ 6773.9, 6628.245455, 6322.67381, 6136.987097 ] }, { "date": "2024-12-27", "close": 6710.5, "volume": 1569, "typical_volume": 5571.0, "trend": 5978.316667, "fair_value": 4622.232372, "relative_strength": 16.384335, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.968544, "energy": 67.722505, "activity_lines": [ 6761.3, 6670.609091, 6382.97381, 6186.802151 ] }, { "date": "2025-01-03", "close": 6788.0, "volume": 2230, "typical_volume": 5571.65, "trend": 6015.05, "fair_value": 4635.003205, "relative_strength": 16.014656, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.230557, "energy": 67.645097, "activity_lines": [ 6770.933333, 6714.918182, 6445.2, 6239.039785 ] }, { "date": "2025-01-10", "close": 6773.5, "volume": 4466, "typical_volume": 5584.4, "trend": 6051.866667, "fair_value": 4648.217949, "relative_strength": 14.85229, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.403494, "energy": 64.383967, "activity_lines": [ 6767.133333, 6743.227273, 6500.619048, 6287.972043 ] }, { "date": "2025-01-17", "close": 6882.0, "volume": 5758, "typical_volume": 5870.25, "trend": 6090.0, "fair_value": 4663.157051, "relative_strength": 12.7134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.465056, "energy": 67.322499, "activity_lines": [ 6801.933333, 6779.772727, 6560.730952, 6341.529032 ] }, { "date": "2025-01-24", "close": 7006.0, "volume": 7210, "typical_volume": 5943.15, "trend": 6128.033333, "fair_value": 4679.703526, "relative_strength": 14.342431, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.576375, "energy": 69.990959, "activity_lines": [ 6877.666667, 6828.609091, 6626.454762, 6400.625806 ] }, { "date": "2025-01-31", "close": 7223.0, "volume": 10202, "typical_volume": 6441.4, "trend": 6174.166667, "fair_value": 4698.197115, "relative_strength": 15.148568, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.084325, "energy": 73.714007, "activity_lines": [ 7008.0, 6907.309091, 6705.452381, 6471.268817 ] }, { "date": "2025-02-07", "close": 7229.0, "volume": 20772, "typical_volume": 7295.2, "trend": 6226.283333, "fair_value": 4716.639423, "relative_strength": 14.502831, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 84.208925, "energy": 74.935609, "activity_lines": [ 7106.166667, 6976.8, 6777.504762, 6539.322581 ] }, { "date": "2025-02-14", "close": 7285.5, "volume": 3761, "typical_volume": 7158.6, "trend": 6282.133333, "fair_value": 4736.43109, "relative_strength": 14.555279, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 81.816088, "energy": 89.864417, "activity_lines": [ 7193.766667, 7046.2, 6847.688095, 6607.65914 ] }, { "date": "2025-02-21", "close": 7172.0, "volume": 6048, "typical_volume": 7337.85, "trend": 6338.933333, "fair_value": 4754.903846, "relative_strength": 13.32436, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.128636, "energy": 82.527915, "activity_lines": [ 7209.4, 7086.318182, 6899.785714, 6665.069892 ] }, { "date": "2025-02-28", "close": 6978.5, "volume": 7209, "typical_volume": 7445.15, "trend": 6386.5, "fair_value": 4772.602564, "relative_strength": 8.134686, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 65.240783, "energy": 64.301421, "activity_lines": [ 7141.2, 7085.872727, 6927.411905, 6706.332258 ] }, { "date": "2025-03-07", "close": 6577.5, "volume": 6915, "typical_volume": 7544.15, "trend": 6420.25, "fair_value": 4787.967949, "relative_strength": 3.278478, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 28.262951, "energy": 29.149557, "activity_lines": [ 6941.166667, 7008.181818, 6911.82619, 6718.654839 ] }, { "date": "2025-03-14", "close": 6471.0, "volume": 10745, "typical_volume": 7515.45, "trend": 6447.666667, "fair_value": 4801.926282, "relative_strength": 2.011973, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -0.067525, "energy": 22.40264, "activity_lines": [ 6748.666667, 6913.545455, 6883.55, 6721.929032 ] }, { "date": "2025-03-21", "close": 6534.5, "volume": 3438, "typical_volume": 7318.6, "trend": 6479.183333, "fair_value": 4816.001603, "relative_strength": 2.697442, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -11.123251, "energy": 35.405149, "activity_lines": [ 6627.866667, 6836.218182, 6859.330952, 6727.531183 ] }, { "date": "2025-03-28", "close": 6477.0, "volume": 5313, "typical_volume": 7178.6, "trend": 6509.066667, "fair_value": 4829.392628, "relative_strength": 1.525836, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -14.88995, "energy": 40.380106, "activity_lines": [ 6537.966667, 6752.781818, 6827.764286, 6727.390323 ] }, { "date": "2025-04-04", "close": 6038.0, "volume": 11713, "typical_volume": 6934.95, "trend": 6528.55, "fair_value": 4840.001603, "relative_strength": 1.645653, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -54.352903, "energy": 70.856524, "activity_lines": [ 6348.066667, 6596.890909, 6753.630952, 6696.998925 ] }, { "date": "2025-04-11", "close": 6087.0, "volume": 3805, "typical_volume": 6563.1, "trend": 6543.3, "fair_value": 4851.391026, "relative_strength": 3.48574, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.777027, "energy": 69.817513, "activity_lines": [ 6237.2, 6467.509091, 6686.261905, 6668.511828 ] }, { "date": "2025-04-18", "close": 6037.0, "volume": 14297, "typical_volume": 7019.35, "trend": 6554.316667, "fair_value": 4864.447115, "relative_strength": -1.31833, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.924584, "energy": 72.943188, "activity_lines": [ 6142.366667, 6349.690909, 6616.842857, 6635.847312 ] }, { "date": "2025-04-25", "close": 6280.0, "volume": 18244, "typical_volume": 7841.15, "trend": 6571.733333, "fair_value": 4879.144231, "relative_strength": 0.761075, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.628675, "energy": 53.35204, "activity_lines": [ 6157.466667, 6297.727273, 6573.528571, 6618.149462 ] }, { "date": "2025-05-02", "close": 6554.0, "volume": 17824, "typical_volume": 8357.05, "trend": 6593.433333, "fair_value": 4895.290064, "relative_strength": 2.680653, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.443412, "energy": 36.647893, "activity_lines": [ 6280.866667, 6313.863636, 6558.833333, 6617.005376 ] }, { "date": "2025-05-09", "close": 6559.0, "volume": 22419, "typical_volume": 9196.9, "trend": 6614.6, "fair_value": 4911.642628, "relative_strength": 2.973695, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -16.312016, "energy": 18.240452, "activity_lines": [ 6400.8, 6342.145455, 6546.147619, 6614.783871 ] }, { "date": "2025-05-16", "close": 6836.0, "volume": 19200, "typical_volume": 10078.45, "trend": 6641.05, "fair_value": 4930.6875, "relative_strength": 5.367784, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -13.253169, "energy": 21.244221, "activity_lines": [ 6578.333333, 6428.418182, 6560.704762, 6629.067742 ] }, { "date": "2025-05-23", "close": 6678.0, "volume": 10839, "typical_volume": 10508.9, "trend": 6661.883333, "fair_value": 4948.133013, "relative_strength": 2.280936, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -18.212383, "energy": 26.347781, "activity_lines": [ 6653.266667, 6481.263636, 6559.616667, 6631.451613 ] }, { "date": "2025-05-30", "close": 6764.0, "volume": 1196, "typical_volume": 10345.4, "trend": 6682.633333, "fair_value": 4965.850962, "relative_strength": 2.678876, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 8.173714, "energy": 23.314632, "activity_lines": [ 6714.133333, 6545.981818, 6567.242857, 6638.039785 ] }, { "date": "2025-06-06", "close": 6930.5, "volume": 4053, "typical_volume": 10260.15, "trend": 6703.05, "fair_value": 4985.576923, "relative_strength": 4.174339, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": 30.470667, "energy": 34.512897, "activity_lines": [ 6798.233333, 6636.8, 6590.771429, 6654.031183 ] }, { "date": "2025-06-13", "close": 6894.0, "volume": 6854, "typical_volume": 10242.35, "trend": 6716.9, "fair_value": 5006.25, "relative_strength": 3.257843, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.590507, "energy": 40.301031, "activity_lines": [ 6845.066667, 6712.736364, 6610.592857, 6666.350538 ] }, { "date": "2025-06-20", "close": 6889.0, "volume": 9870, "typical_volume": 10225.75, "trend": 6724.65, "fair_value": 5025.825321, "relative_strength": 3.841069, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.702, "energy": 44.70635, "activity_lines": [ 6867.9, 6772.2, 6630.471429, 6677.453763 ] }, { "date": "2025-06-27", "close": 7066.0, "volume": 5737, "typical_volume": 9474.0, "trend": 6738.216667, "fair_value": 5046.878205, "relative_strength": 5.987885, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.580866, "energy": 54.771403, "activity_lines": [ 6946.2, 6849.263636, 6668.797619, 6699.476344 ] }, { "date": "2025-07-04", "close": 7107.5, "volume": 4378, "typical_volume": 9504.85, "trend": 6748.133333, "fair_value": 5067.003205, "relative_strength": 6.067746, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 37.992076, "energy": 58.093574, "activity_lines": [ 7012.466667, 6915.163636, 6711.852381, 6723.301075 ] }, { "date": "2025-07-11", "close": 7036.5, "volume": 1346, "typical_volume": 9269.75, "trend": 6753.483333, "fair_value": 5087.076923, "relative_strength": 3.356996, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.715512, "energy": 63.774798, "activity_lines": [ 7032.166667, 6953.109091, 6748.992857, 6741.905376 ] }, { "date": "2025-07-18", "close": 7050.0, "volume": 4010, "typical_volume": 9109.8, "trend": 6763.816667, "fair_value": 5107.339744, "relative_strength": 2.718499, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.453586, "energy": 64.495483, "activity_lines": [ 7049.3, 6984.736364, 6788.064286, 6761.035484 ] }, { "date": "2025-07-25", "close": 7176.0, "volume": 17082, "typical_volume": 9618.15, "trend": 6779.333333, "fair_value": 5129.080128, "relative_strength": 2.756146, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.344736, "energy": 83.617767, "activity_lines": [ 7098.033333, 7030.345455, 6838.795238, 6787.627957 ] }, { "date": "2025-08-01", "close": 7216.0, "volume": 13115, "typical_volume": 9736.65, "trend": 6793.6, "fair_value": 5150.410256, "relative_strength": 3.614564, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.323233, "energy": 81.911614, "activity_lines": [ 7140.966667, 7077.045455, 6890.485714, 6815.8 ] }, { "date": "2025-08-08", "close": 7204.0, "volume": 20949, "typical_volume": 10612.2, "trend": 6807.95, "fair_value": 5170.588141, "relative_strength": 2.848908, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.246234, "energy": 79.794387, "activity_lines": [ 7169.9, 7111.781818, 6937.485714, 6842.277419 ] }, { "date": "2025-08-15", "close": 7359.0, "volume": 5962, "typical_volume": 10644.65, "trend": 6823.85, "fair_value": 5191.798077, "relative_strength": 4.238128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.722255, "energy": 90.873928, "activity_lines": [ 7244.066667, 7166.7, 6996.059524, 6877.829032 ] }, { "date": "2025-08-22", "close": 7323.0, "volume": 5314, "typical_volume": 10324.7, "trend": 6834.416667, "fair_value": 5213.516026, "relative_strength": 1.408328, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 74.5308, "energy": 85.347997, "activity_lines": [ 7284.733333, 7207.281818, 7047.004762, 6910.032258 ] }, { "date": "2025-08-29", "close": 7335.5, "volume": 7817, "typical_volume": 10525.3, "trend": 6838.166667, "fair_value": 5235.139423, "relative_strength": 2.726928, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.454239, "energy": 84.865095, "activity_lines": [ 7311.366667, 7242.336364, 7093.021429, 6942.360215 ] }, { "date": "2025-09-05", "close": 7565.5, "volume": 10199, "typical_volume": 10320.4, "trend": 6849.383333, "fair_value": 5258.254808, "relative_strength": 5.303442, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 90.283559, "energy": 93.491689, "activity_lines": [ 7404.033333, 7311.090909, 7154.997619, 6989.284946 ] }, { "date": "2025-09-12", "close": 7544.5, "volume": 43068, "typical_volume": 11561.6, "trend": 6858.016667, "fair_value": 5282.458333, "relative_strength": 3.82786, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 81.56134, "energy": 89.302432, "activity_lines": [ 7466.4, 7366.945455, 7207.695238, 7034.131183 ] }, { "date": "2025-09-19", "close": 7716.0, "volume": 27406, "typical_volume": 12040.7, "trend": 6876.15, "fair_value": 5307.889423, "relative_strength": 6.578829, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.638554, "energy": 92.848587, "activity_lines": [ 7563.233333, 7446.036364, 7270.704762, 7089.484946 ] }, { "date": "2025-09-26", "close": 7642.5, "volume": 3985, "typical_volume": 11119.0, "trend": 6898.283333, "fair_value": 5333.472756, "relative_strength": 4.453877, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.783372, "energy": 88.983588, "activity_lines": [ 7611.766667, 7499.409091, 7321.180952, 7138.926882 ] }, { "date": "2025-10-03", "close": 7453.0, "volume": 18649, "typical_volume": 11091.45, "trend": 6927.466667, "fair_value": 5357.977564, "relative_strength": -0.528032, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.340068, "energy": 66.260996, "activity_lines": [ 7575.833333, 7507.554545, 7348.45, 7174.715054 ] }, { "date": "2025-10-10", "close": 7459.0, "volume": 15196, "typical_volume": 11309.3, "trend": 6960.4, "fair_value": 5382.951923, "relative_strength": 0.046726, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.163568, "energy": 60.306681, "activity_lines": [ 7534.066667, 7511.754545, 7373.352381, 7209.007527 ] }, { "date": "2025-10-17", "close": 7456.0, "volume": 2579, "typical_volume": 11378.45, "trend": 6991.116667, "fair_value": 5407.514423, "relative_strength": 0.60454, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 49.407127, "energy": 44.025207, "activity_lines": [ 7498.4, 7510.990909, 7394.25, 7240.98172 ] }, { "date": "2025-10-24", "close": 9945.5, "volume": 5818, "typical_volume": 11466.7, "trend": 7106.733333, "fair_value": 5448.916667, "relative_strength": 29.21459, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 94.745445, "energy": 76.202781, "activity_lines": [ 8298.466667, 7958.281818, 7648.947619, 7431.587097 ] }, { "date": "2025-10-31", "close": 7535.5, "volume": 18153, "typical_volume": 12031.65, "trend": 7156.65, "fair_value": 5475.673077, "relative_strength": -2.876324, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.474695, "energy": 51.766657, "activity_lines": [ 8146.566667, 7920.363636, 7659.764286, 7459.249462 ] }, { "date": "2025-11-07", "close": 7324.5, "volume": 1378, "typical_volume": 11607.05, "trend": 7197.9, "fair_value": 5500.463141, "relative_strength": -5.197702, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 46.392698, "energy": 40.291929, "activity_lines": [ 7931.466667, 7840.218182, 7647.430952, 7470.078495 ] }, { "date": "2025-11-14", "close": 7399.5, "volume": 10713, "typical_volume": 11855.85, "trend": 7243.316667, "fair_value": 5525.746795, "relative_strength": -4.28966, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.633242, "energy": 30.391379, "activity_lines": [ 7749.933333, 7773.909091, 7640.166667, 7483.084946 ] }, { "date": "2025-11-21", "close": 7431.0, "volume": 4119, "typical_volume": 11842.9, "trend": 7281.683333, "fair_value": 5551.201923, "relative_strength": -2.220215, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.4158, "energy": 22.390235, "activity_lines": [ 7582.866667, 7716.345455, 7634.314286, 7495.193548 ] }, { "date": "2025-11-28", "close": 7600.0, "volume": 17054, "typical_volume": 12628.3, "trend": 7316.55, "fair_value": 5577.487179, "relative_strength": -1.805146, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 18.961506, "energy": 21.692662, "activity_lines": [ 7473.8, 7691.572727, 7643.016667, 7515.730108 ] }, { "date": "2025-12-05", "close": 7585.0, "volume": 12318, "typical_volume": 13043.7, "trend": 7350.75, "fair_value": 5604.424679, "relative_strength": -1.373201, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.4612, "energy": 16.785714, "activity_lines": [ 7516.1, 7666.181818, 7647.607143, 7533.049462 ] }, { "date": "2025-12-12", "close": 7388.0, "volume": 5613, "typical_volume": 12470.25, "trend": 7369.15, "fair_value": 5630.56891, "relative_strength": -3.6094, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.217553, "energy": 9.283082, "activity_lines": [ 7489.433333, 7606.018182, 7630.888095, 7535.452688 ] }, { "date": "2025-12-19", "close": 7432.5, "volume": 1597, "typical_volume": 11894.35, "trend": 7394.3, "fair_value": 5656.963141, "relative_strength": -5.272828, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 6.879234, "energy": 8.3477, "activity_lines": [ 7473.366667, 7555.127273, 7617.397619, 7539.539785 ] }, { "date": "2025-12-26", "close": 7382.0, "volume": 718, "typical_volume": 10882.8, "trend": 7414.9, "fair_value": 5682.953526, "relative_strength": -5.488802, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 4.839056, "energy": 8.061852, "activity_lines": [ 7438.266667, 7495.536364, 7598.066667, 7538.746237 ] }, { "date": "2026-01-02", "close": 7328.0, "volume": 2550, "typical_volume": 10712.2, "trend": 7428.15, "fair_value": 5707.408654, "relative_strength": -6.736477, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -16.079487, "energy": 18.054594, "activity_lines": [ 7388.433333, 7427.472727, 7572.745238, 7533.139785 ] }, { "date": "2026-01-09", "close": 7435.5, "volume": 5377, "typical_volume": 10715.35, "trend": 7446.2, "fair_value": 5732.0, "relative_strength": -6.792978, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -12.467014, "energy": 14.81161, "activity_lines": [ 7392.566667, 7426.545455, 7557.809524, 7533.613978 ] }, { "date": "2026-01-16", "close": 7300.0, "volume": 7823, "typical_volume": 10715.65, "trend": 7459.9, "fair_value": 5755.790064, "relative_strength": -9.268796, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.16794, "energy": 16.780238, "activity_lines": [ 7361.5, 7402.8, 7529.433333, 7524.18172 ] }, { "date": "2026-01-23", "close": 7252.0, "volume": 1107, "typical_volume": 10261.05, "trend": 7466.1, "fair_value": 5778.110577, "relative_strength": -8.805461, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.100115, "energy": 34.614491, "activity_lines": [ 7320.3, 7370.772727, 7496.654762, 7510.768817 ] }, { "date": "2026-01-30", "close": 7402.5, "volume": 13535, "typical_volume": 8784.4, "trend": 7475.933333, "fair_value": 5799.022436, "relative_strength": -7.395426, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -29.607728, "energy": 45.135563, "activity_lines": [ 7341.3, 7368.790909, 7479.702381, 7506.665591 ] }, { "date": "2026-02-06", "close": 7253.5, "volume": 28014, "typical_volume": 8814.8, "trend": 7483.166667, "fair_value": 5820.61859, "relative_strength": -10.249563, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": -39.440104, "energy": 53.975327, "activity_lines": [ 7311.266667, 7340.236364, 7449.235714, 7492.315054 ] }, { "date": "2026-02-13", "close": 7190.0, "volume": 13914, "typical_volume": 9311.25, "trend": 7487.833333, "fair_value": 5841.913462, "relative_strength": -11.36828, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.700038, "energy": 69.650232, "activity_lines": [ 7265.033333, 7306.436364, 7414.92381, 7473.401075 ] }, { "date": "2026-02-20", "close": 7329.5, "volume": 8944, "typical_volume": 8826.0, "trend": 7492.95, "fair_value": 5864.825321, "relative_strength": -11.369403, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.50814, "energy": 56.76185, "activity_lines": [ 7281.666667, 7305.181818, 7396.052381, 7463.186022 ] }, { "date": "2026-02-27", "close": 7529.0, "volume": 2307, "typical_volume": 8181.55, "trend": 7503.383333, "fair_value": 5888.517628, "relative_strength": -10.596841, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -31.150085, "energy": 23.193853, "activity_lines": [ 7362.833333, 7341.263636, 7396.769048, 7465.511828 ] }, { "date": "2026-03-06", "close": 7735.0, "volume": 308, "typical_volume": 8068.0, "trend": 7521.083333, "fair_value": 5914.330128, "relative_strength": -2.548082, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": 2.085441, "energy": 13.747692, "activity_lines": [ 7494.2, 7413.045455, 7416.771429, 7480.454839 ] }, { "date": "2026-03-13", "close": 7548.5, "volume": 3888, "typical_volume": 7971.5, "trend": 7527.4, "fair_value": 5938.286859, "relative_strength": -4.645794, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 14.343308, "energy": 27.229644, "activity_lines": [ 7541.233333, 7444.5, 7417.683333, 7482.223656 ] }, { "date": "2026-03-20", "close": 7366.0, "volume": 834, "typical_volume": 7105.55, "trend": 7528.833333, "fair_value": 5960.641026, "relative_strength": -3.702927, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -12.941302, "energy": 23.4493, "activity_lines": [ 7507.766667, 7438.763636, 7412.628571, 7471.810753 ] }, { "date": "2026-03-27", "close": 7111.0, "volume": 4856, "typical_volume": 7279.45, "trend": 7521.35, "fair_value": 5981.020833, "relative_strength": -7.414679, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.917061, "energy": 22.246292, "activity_lines": [ 7377.566667, 7387.927273, 7384.095238, 7444.853763 ] }, { "date": "2026-04-03", "close": 7372.5, "volume": 3268, "typical_volume": 6907.2, "trend": 7514.916667, "fair_value": 6002.858974, "relative_strength": -8.223872, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.340534, "energy": 24.201325, "activity_lines": [ 7349.1, 7388.072727, 7381.483333, 7435.250538 ] }, { "date": "2026-04-10", "close": 7465.5, "volume": 799, "typical_volume": 6741.2, "trend": 7512.283333, "fair_value": 6024.950321, "relative_strength": -8.368258, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.084949, "energy": 23.372885, "activity_lines": [ 7362.066667, 7402.936364, 7387.857143, 7432.062366 ] }, { "date": "2026-04-17", "close": 7665.0, "volume": 2105, "typical_volume": 5993.75, "trend": 7510.583333, "fair_value": 6049.022436, "relative_strength": -6.485728, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.047965, "energy": 5.538378, "activity_lines": [ 7459.5, 7452.927273, 7413.066667, 7441.915054 ] }, { "date": "2026-04-24", "close": 7537.5, "volume": 5818, "typical_volume": 5668.75, "trend": 7507.083333, "fair_value": 6071.695513, "relative_strength": -5.43771, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -4.367082, "energy": 15.610521, "activity_lines": [ 7506.666667, 7472.254545, 7425.82381, 7443.651613 ] }, { "date": "2026-05-01", "close": 7596.0, "volume": 2526, "typical_volume": 5514.4, "trend": 7511.85, "fair_value": 6095.527244, "relative_strength": -4.493526, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 21.449332, "energy": 33.31614, "activity_lines": [ 7561.9, 7495.9, 7444.378571, 7449.388172 ] }, { "date": "2026-05-08", "close": 7529.0, "volume": 1525, "typical_volume": 5510.8, "trend": 7514.183333, "fair_value": 6117.988782, "relative_strength": -4.0515, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 27.697195, "energy": 38.19389, "activity_lines": [ 7562.466667, 7502.518182, 7455.561905, 7450.494624 ] }, { "date": "2026-05-15", "close": 7644.5, "volume": 2720, "typical_volume": 5610.9, "trend": 7520.466667, "fair_value": 6140.43109, "relative_strength": -2.1277, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.832102, "energy": 43.79265, "activity_lines": [ 7591.1, 7530.136364, 7477.285714, 7458.902151 ] }, { "date": "2026-05-22", "close": 7565.0, "volume": 3049, "typical_volume": 5635.85, "trend": 7441.116667, "fair_value": 6162.230769, "relative_strength": -5.549987, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 52.92301, "energy": 42.242547, "activity_lines": [ 7581.3, 7544.945455, 7490.188095, 7461.775269 ] }, { "date": "2026-05-29", "close": 7517.5, "volume": 1851, "typical_volume": 5459.55, "trend": 7440.516667, "fair_value": 6183.435897, "relative_strength": -5.513059, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 49.2313, "energy": 26.982577, "activity_lines": [ 7562.333333, 7550.818182, 7497.438095, 7466.703226 ] }, { "date": "2026-06-05", "close": 7279.0, "volume": 1063, "typical_volume": 5121.55, "trend": 7439.0, "fair_value": 6203.19391, "relative_strength": -7.957013, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 9.641476, "energy": 8.276952, "activity_lines": [ 7465.2, 7510.572727, 7481.583333, 7456.282796 ] }, { "date": "2026-06-12", "close": 7210.5, "volume": 46, "typical_volume": 5068.5, "trend": 7432.7, "fair_value": 6222.214744, "relative_strength": -9.519109, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -29.463802, "energy": 27.627372, "activity_lines": [ 7366.366667, 7454.818182, 7459.304762, 7441.54086 ] }, { "date": "2026-06-19", "close": 7205.0, "volume": 1, "typical_volume": 4391.8, "trend": 7425.166667, "fair_value": 6241.552885, "relative_strength": -8.434501, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.448868, "energy": 48.637607, "activity_lines": [ 7286.933333, 7401.009091, 7436.7, 7426.850538 ] }, { "date": "2026-06-26", "close": 7036.0, "volume": 3401, "typical_volume": 3161.15, "trend": 7406.366667, "fair_value": 6259.222756, "relative_strength": -11.514459, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -82.369985, "energy": 82.375462, "activity_lines": [ 7180.466667, 7321.209091, 7398.940476, 7401.743011 ] }, { "date": "2026-07-03", "close": 7062.0, "volume": 802, "typical_volume": 2505.55, "trend": 7388.933333, "fair_value": 6277.214744, "relative_strength": -12.28801, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.916617, "energy": 85.724247, "activity_lines": [ 7117.933333, 7257.572727, 7364.692857, 7379.525806 ] }, { "date": "2026-07-10", "close": 7161.5, "volume": 1024, "typical_volume": 2109.55, "trend": 7381.383333, "fair_value": 6295.838141, "relative_strength": -9.270133, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.150959, "energy": 79.566774, "activity_lines": [ 7118.933333, 7220.672727, 7340.530952, 7364.852688 ] }, { "date": "2026-07-17", "close": 7040.0, "volume": 2916, "typical_volume": 2140.0, "trend": 7368.3, "fair_value": 6313.772436, "relative_strength": -11.405243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.538467, "energy": 80.990279, "activity_lines": [ 7087.266667, 7169.581818, 7305.597619, 7342.827957 ] }, { "date": "2026-07-24", "close": 6943.5, "volume": 5912, "typical_volume": 2420.2, "trend": 7353.683333, "fair_value": 6329.940705, "relative_strength": -13.413746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.195849, "energy": 75.659631, "activity_lines": [ 7034.8, 7109.836364, 7263.802381, 7315.421505 ] }, { "date": "2026-07-31", "close": 6857.5, "volume": 6608, "typical_volume": 2556.2, "trend": 7338.0, "fair_value": 6345.847756, "relative_strength": -15.16418, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.025132, "energy": 61.995418, "activity_lines": [ 6971.1, 7047.2, 7217.585714, 7283.409677 ] }, { "date": "2026-08-07", "close": 7108.5, "volume": 4654, "typical_volume": 2747.2, "trend": 7327.1, "fair_value": 6363.421474, "relative_strength": -12.006845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.686732, "energy": 50.151403, "activity_lines": [ 7002.966667, 7043.063636, 7198.564286, 7268.603226 ] } ], "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." } } }